diff --git "a/reddit_finance_43_250k_405.txt" "b/reddit_finance_43_250k_405.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_405.txt" @@ -0,0 +1,10000 @@ +So, I live in Alabama. I'm a 23 year old female with my 18 month old child I care for while also working 32 hours a week. I make $230-245 per week after taxes. I simply cannot afford health insurance for myself. There's no way. I pay $550 a month for rent on top of power, water, phone bill and car insurance. My child is covered under Medicaid, and I'm wondering why I keep getting denied for it. It's my understanding that if I have a child under 19 and make under 22k that I should be eligible. I have a serious underactive thyroid and desperately need to see a doctor to get back on my medication. Any advice would be welcome. + + (As a side note, I do live with my boyfriend of 3 years, and we split bills in half, but he actually makes 50 cents less than me, so isn't able to help.) +I am looking to start a new checking account but I really want to hear your opinions of the banks you guys use and the pros and cons of your banks. Right now I am looking into starting a checking account with Discover but I am back and forward because there are so many options and I don't want to make a mistake :)) +I had a financial advisor but after learning a lot I want to do it myself and just buy vt and VTI. It’s about 30k of course at a loss right now and he has a bunch of small cap and some large cap funds but was wondering what y’all’s thoughts were on selling it all and switching over. It is at a loss so maybe a good thing for capital gains for a while??? Any help is appreciated + +Edit his holdings are iusg iusv vtwo vea and vwo +Mom is currently 64 and works as an accountant with a salary around $55k. + +Here's her financial snapshot: +Savings -$15k, 403b - $53k, Traditional IRA - $8k, Inheritance (paid in 2022) after tax - $45k, Paid off house and car + +Her expenses are about $2000-2500 a month because she lives alone and basically just works and digs in her garden. She doesn't mind working longer than 65 but she really doesn't like her job. + +My goal is to be able to structure her finances to where she can retire whenever she feels like it after 65 and be comfortable (including extra expenses for hobbies that fill her new free time). I'm 31, starting a 6 figure job soon and am planning on dedicating about $1500 of my income a month for the next couple years to help her save for retirement. She will have between $1300-$1700 per month in social security benefits, depending on whether she retires at 65 or 67. + +How would you allocate the money she has, plus what I'm contributing, in short and longer term accounts to make sure she has atleast $3500 in income per month starting around the end of 2022 and growing with inflation? + +I really don't care about getting an inheritance from the money when she passes. I just want her to be comfortable and not have to worry about money. + +For clarification, she doesn't have a financial advisor. I am savvy with my own finances, but am not against her ultimately using an advisor like Edward Jones. + +Thanks in advance! +I have invested and put money away into crypto and now I have enough to completely clear my credit card debt. I have about 6k in debt and only just enough in crypto to pay that off entirely. + +Some pertinent details. Losing my portfolio would be mean losing most of my net worth. I have more money tucked away but probably only about a month or two worth. I am also expecting a new job as a RE agent soon so I’m not sure what’s the best course of action. I just really like the idea of being debt free and credit card debt is just a nightmare to pay off over time. + +Im aware that I’m seeking financial advice from social media so I will take everything with a grain of salt. + +Edit: thank you for defining what net worth means. To clarify, I mean losing my portfolio would mean losing most of assets. + +To clarify further, I am not buy crypto with my credit card. I have cc debt and I also happen to have crypto. +My portfolio is about 70% NVDA, 30% AMD with a value just under $600k. It grew fast and now I want to derisk and diversify a bit. I just found SPYD which is S&P500 high dividends ETF. + +If I bought $500k worth of this SPYD at approx $41/share I would have 12,195 shares. TD shows the annual dividend as $2.27/5.56%. 12,195 x $2.27 = $27,682.93 Annually. + +I could be making this annually??? Just park it there and bam, $27k annually? What's the catch I'm not understanding? I get a very very small dividend from nvda but it's like $27 a quarter. Nowhere near the $27k annual that I'm coming up with SPYD. +Hey there. Never financed a vehicle, trying to build credit, is it best to go through a bank and get an auto loan or finance through a dealership? I’m very lost I’ve only purchased outright but I need something reliable and I want to build my credit. Can put 5k down and my dad will co-sign he has perfect credit if that means anything +So some context, our nonprofit org I work at (can't name where I work due to privacy, but it's a big endowed organization with roughly about 9.2 Billion) and they are dissolving their pension plans for all of their employees who are vested. We had an influx of people retiring (which those who retired will still be paid out of course), but for those still working our options are the following 1) Cash out, which then I can spend on debt, etc. or rollover to an IRA 2) have the pension payout (which for me roughly comes out to $250 a month for the rest of my life or 3) defer and wait. + +The pension termination insurance company handling this said that the amount saved up if I defer or rollover can be paid out at retirement age (65) about $950 a month (estimated). The bad part is we have a 403b with vanguard, but they don't accept our pension rollover. + +I feel I can benefit from just getting the lump sum and paying off my debt (I incurred 40k due to my son's medical and other related bills) and the payout is about $77k before the 20% penalty which obviously it's a big hit, but $62k can help with the debt. Any leftover would be saved towards a home as we're still renting and hope to buy one once we have enough saved. + +Would like to hear your thoughts, I'm obviously going to speak to a financial advisor soon as we have a deadline in 3 weeks. Thanks for any advice or opinions! much appreciated! +I know this is likely a bad idea. I'm also not sure if this is the right place to post this. My fiance wants us to have a $30k wedding, and my parents plan on taking out a home equity loan to pay for it. As far as wedding budgets go, ours would actually be considered below average for our metropolitan area. + +I was originally thinking of having just a ceremony and a sit-down dinner at a regular restaurant, with no DJ and no dancing, but the traditional reception is really important to my fiance and his family. It is the most important part of the wedding to them. + +My dad has said that he will take out a home equity loan, and that it is "essentially cash." He is too embarrassed to ask my fiance or his parents to chip in (all of whom would be willing to, but don't want to be intrusive and imply that my parents can't afford it on their own). My dad also joked that I should just chip in with my own savings, but hide my contribution from my fiance's family so that they still think he was the one paying for things. + +I have already paid for my wedding dress myself. When I jokingly asked my dad to reimburse me, he just chuckled awkwardly without responding. His lack of a response causes me to think that he can't even afford to cover the cost of my dress, much less the entire wedding. + +As for me, I (somewhat selfishly) wasn't planning on touching my savings at all for wedding-related expenses. Of course, I've now already paid for my dress and some other miscellaneous expenditures. + +**TL;DR:** Should I allow my parents to take out a HELOC in order to save face? Should I dig into my own savings in order to bail out my parents? I don't want to be the one asking my future in-laws for money, so that is out of the question for me. +Edit: Assuming its shills downvoting - Why would we downvote a post showing our Secretary of Treasury took 7.2 million from Citadel and friends???? + +Ok so needless to say there is a lot of posting about DTCC rules, possible SEC intervention, Biden admin "being with us" etc. The purpose of this DD is to suggest that the current Secretary of Treasury is compromised by naked Ken himself, and that she and her political appointees could be knowingly driving up inflation so that Ken can make ~~millions~~ ~~billions~~ trillions off of the fuckery described in [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) and the follow up [Walkin' like a duck. Talkin' like a duck](https://www.reddit.com/r/Superstonk/comments/ml48ov/walkin_like_a_duck_talkin_like_a_duck/). + +**This is not a political opinion on the Biden Administration.** This is an objective look at Janet Yellen to assess whether or not we can expect her to "help". The more I look into her and her appointees I strongly feel she is compromised and is appointing compromised individuals. However this is my opinion, I will present the information that has led me to form this opinion, and you can evaluate for yourself. + +Yellen has already been forced to disclose that she has taken [$810,000](https://slate.com/news-and-politics/2021/01/janet-yellen-paid-speeches-citadel-gamestop.html) from Citadel in speaking fees. If this is something that seems unusual to you, take a trip on the googles and you will find that there are plenty of people, some of whom have even given Janet jobs in the past, have also given some big money speeches. + +**IN FACT -** Janet Yellen has earned [$7,200,000](https://www.politico.com/news/2021/01/01/yellen-made-millions-in-wall-street-speeches-453223) in 2019 alone from speaking gigs. Thats half of her [$16,000,000](https://www.google.com/search?q=janet+yellen+net+worth&rlz=1C5CHFA_enUS880US880&oq=janet+yellen+net+worth&aqs=chrome..69i57j0l2j0i22i30j0i390l3.2450j0j4&sourceid=chrome&ie=UTF-8) net worth. You might also notice some familiar names in that donor list. Now why would someone who champions the people, who has already been receiving massive salaries from her federal positions (current salary as secretary of treasury is [$221,400](https://en.wikipedia.org/wiki/United_States_Secretary_of_the_Treasury) a year), need to give speeches to the biggest billionaires in the world for 7 million? + +If you are as retarded as I am, you are probably starting to get the idea. + +**GRAB A CRAYON.** + +[Janet](https://www.cnbc.com/2017/12/13/yellens-only-regret-as-fed-chair-low-inflation.html) [likes](https://abcnews.go.com/Business/wireStory/yellen-plays-inflation-fears-pushes-relief-bill-76321541) [Inflation](https://www.federalreserve.gov/newsevents/speech/yellen20170926a.htm) . Janet has long been a defender of the mighty money printer. The smell of freshly printed paper might get her as jacked as we get from GME gains. If the DD of u/atobitt is correct, Ken and Pals are makin money when the feds are sellin' bonds and the US debt increases. (starting to make sense while all these politicians echo that national debt is a "non-factor"). + +So ask yourself, after everything you have seen with the GME saga so far, would you put it past Ken and Pals to make donations or payments to political actors who help Ken and Pals keep makin' those big bucks? + +Well, they definitely are giving people like Janet lots of money. Let's just hope that its not nefarious or malicious on Janet's end. I want to believe Janet really thinks her policies will help and that Citadel is just playing her like a fiddle, making her look the other way, because the alternative is much more gnarly and I am not sure we should go there. + +EDIT: updated TDLR; part of post was removed for rule 5. Thanks for leaving post up :) ! Janet can't be trusted as she has a direct conflict of interest. She has taken 7.2 million from the players who stand to suffer the most from GME. Until she comes on and does an AMA, I am convinced she is not working in our favor. + + +Update: Thankyou for the awards my fellow stonk traders! +I have several accounts with Wells Fargo. One of them is a joint account with my father. My father decided to update the mailing address on that account. For some reason WF decided they would also update the mailing address on all of my other non-joint accounts! I spent an hour on the phone talking to a customer support person who was more interested in selling me products than fixing my problem, and then when she didn't I had to spend another hour at a local branch getting it sorted out. + +Guess what? I have another account, one set aside for my son into which I am saving money for college or whatever. This is a joint account with my ex-wife. Just imagine if she updated the mailing address on that account and I didn't notice before she started receiving all my bank, credit card, or whatever statements! + +**A FEW HOURS LATER**: It appears a *lot* of people dislike Wells Fargo (or similarly big institutions). My own banking needs are relatively light and as such my experience with them has, for the most part, been pretty positive. It is obviously *not* the policy of WF to allow unauthorized persons to update your account info. Some WF employee made a simple mistake. Simple in that it was *easy* to make (from what I gather from the comments). *Not* simple in that we live in a time where security is paramount and such transgressions are quickly becoming unforgivable. Of course, the reality is that other banks and credit unions probably use similar software to manage their accounts, with similar levels of room for human error. Sigh. + +Wells Fargo and the rest of the banking community, please review your policies and processes with your employees, and please try to improve your account management software to make these kinds of errors much less likely. + +I actually have stuff to do now, so I'm done. Have fun storming the castle! + +**MANY HOURS LATER**: This thing is still at the top of r/PersonalFinance? Dear me. I am glad the posts in defense of WF have migrated to the top (seems appropriate, no?). Many seem annoyed that I have made a generalization about all WF employees based on a single mistake. Let me make up for this by saying the customer support person I spoke with on the phone was very pleasant (albeit a little pushy at the end, and ultimately did not fix my problem -- sorry, that seems a little back-handed), and the employee at the branch was very apologetic; both were professional and eager to help. + +I see my wild comment about maybe closing my accounts has performed well. Yet the few comments I have made in the hopes of better understanding the underlying nature of the problem have been buried. Oh well. +My wife and I (27) have been looking to buy a home in New Jersey for the past 9-ish months with little luck. Yesterday, however, our offer was accepted on a $750k dream home, where we plan to stay and raise our future kids for the next 20-30 years minimum. The property taxes are ~12k per year, making our prospective home payment roughly $4000/month with 10% down. The only other debt we'd have aside from this mortgage is a $480/month car note. + +&nbsp; + +We make $207k on salary, and an additional ~33k in bonus/RSU's, $240k total. We're a bit above the traditional 3x income rule, but the numbers seem reasonable when I plug them into our budget spreadsheet. Take home is $10.2k after contributing 19% to 401k. After down payment / closing costs / furniture / etc. we'd have around 10-11 months of expenses in cash. + +&nbsp; + +What do you think? +Currently Tilray and Aphria are being mispriced by the market assuming a deal goes through. I see the deal as very likely to happen. The conversion rate for Aphria shares into Tilray shares is 0.8381 which means for every Aphria share you own you get .8381 shares of Tilray. Right now, Tilray is trading around $63 per share. This means that theoretically Aphria should be worth around $52 at the close of the deal. Currently Aphria is trading at a 50% discount. Is the market assuming the deal won’t go through. Is Tilray only going up because of a short squeeze. Seems like a good opportunity for a pair trade at this crazy discount. + +Edit: It's clear that a lot of people are very new at trading/investing and don't know what a pair trade is. Do yourself a favor and look it up on google if you don't understand it. +I'm a 26yo currently on 70k super incl, paying off 40k in hecs and have 30k within mostly diversified ETFs. With the likelihood of a recession coming up, i'm reconsidering my positions despite being down 2k on returns of said shares. +Ideally i want to own a property of my own before 30, and know that this money sitting in shares will form a good portion of a deposit. I currently have just shy of 50k in savings. + +Do i - +Hold out on losses knowing it'll likely get worse before it gets better (If it does) + +Cash out on a marginal loss and keep money within a HISA account to make the most of increasing in savings rates until i'm ready to buy (good chance that with the additional money from shares in the account i'd make my loss back within a year assuming savings rates stay as they are or increase)? + +The current climate has me trying to consume as much knowledge as possible and know i've overextended my position given my goals and feel like the next few months will be very telling as far as the markets go although i know no one has a crystal ball for this stuff. +If an investment returned a guaranteed 6% annually, no more, no less, and compounded annually would you invest in this rather than the general market? + +Assuming this is held in a tax advantaged account, after ten years of compound growth this results in a 79% increase over the initial investment. + +After twenty years of compound growth this results in a 220% increase. + +I do understand that no investment is guaranteed. I am simply trying to gauge the sentiment of this sub on a more stable return vs. something more volatile such as an index fund. + +**Edit:** (I did not include the following in the original post as I didn't want a specific company attached to my question. I also realize my post would have been better worded with a "relatively safe" rather than "gauranteed" for discussion purposes): + +With AT&T's recent price drop, the stock is at four year lows and has reached a dividend yield of 6.31%. Now, while this dividend is certainly NOT guaranteed, it is relatively safe. Yes, the debt is large. Yes the stock is stagnant. However, AT&T has raised its dividend for 34 straight years, eliminating the worries of, and sometimes beating inflation. I've been keeping an eye on this stock for nearly a year and pulled the trigger recently when the dividend became too good to ignore. + +I feel that the Time Warner acquisition will be a great asset. As a data provider AND content provider, AT&T has everything it needs to start reeling in advertising revenue. Specifically with targeted advertising. If executed well, AT&T could end up on par with Google and Facebook in the advertising world. +https://i.imgur.com/5deLSH6.jpeg + +chart shows me two very important things 1. the major resistance is 434.2... if this fails to break above that and close a candle above that resistance line this is bearish intraday. 2. support is at 428.4. as long as this doesnt close a candle below that our range for the day should maintain this 434-428 area. + +this is the bottomline. what news or bullish catalyst is there out there currently that is going to cause this to bull run today? currently absolutely nothing. now in a bull market (new flash this is a current bear market) you expect a green day unless there is a bear catalyst or its reached a resistance requiring consolidation. +its the inverse in a bear market. until we reach some major support (420.76) that warrants a big bullish recovery or we see some massively bullish catalyst (there is none)... we play the trend which is bearish. now of course if we have to follow the intraday TA too but for the immediate future ask yourself today besides it being red Thursday, friday and futures what makes you believe its going to go green today? + +major supports to watch- 432.1 --> 430.8 --> 429.8 --> 428.4 --> 427.4 --> 426 --> 424.7 --> 423.3 --> 420.8 +(i included extra supports today as i feel it may be warranted) +major resistance to watch- 434.2 --> 436.4 --> 437.4 --> 438.5 + +-0.5%= 432.05 +-1%= 429.9 +-1.5%= 427.7 +-2%= 425.5 +-2.5%= 423.3 +-3%= 421.2 + ++0.5= 436 4 ++1%= 438.6 ++1.5%= 440.7 ++2%= 443 + + +dont be a permabull and dont be a permbear. dont try to outsmart the chart. we dont play calls just because its red just like we dont buy puts when its green just because. +Let’s say I have $100 that I don’t need right away. What are some good ways to use it to earn a little extra money? What if it was $1000? + +I know it wouldn’t be a lot, and that proper investment could have better ROI. Just curious. +So my workplace decided to change the conditions and want me to start doing an evening shift on rotation. I said no. + +Then they said you have to. I said no again. + +They will be hiring someone else and I will train him then I will leave and everyone will be happy. I can't entirely retire yet. I have enough to cover a frugal life but I want more exotic vacations so probably another 5 years and then I am out. Until then I can pick and choose what I am willing to work for. +Ever wondered if you’re susceptible to the mighty fear of missing out? + +If you’ve opted to start injecting some additional funds into crypto as it has a pump, but didn’t add anything over the course of the last couple months prior, then you’ve unlocked the FOMO achievement. + +It might not seem like a big deal now, *prices are still so low!* and that would be true. + +But that’s not the point. The problem is, how will you behave when eventually there’s a proper bull run? Will you be buying all the way to the top? Will the excitement make you invest more than you did when it was crab crawling along? + +I love a green day, but if you’ve loaded up today but had no interest last week then just be mindful that *you’ve been hit by, you’ve been struck by, a smooth FOMO.* +My wife and I are celebrating our 9 months into our FIRE journey. It has been an incredible journey so far. Reading up on all the FiRE blogs, learning about tax savings, and interest rates, it seems like we were different people nine months ago. We are taking the time to celebrate today not because we hit a net worth mile stone but because we have hit our “recovery” goal. + +When we started, we owed money on 3 credit cards, 2 vehicles, taxes, creditors, medical bills, mortgage, and home repair vendors. We had no budget, no plan, and very little retirement savings. As of today, we only owe money on two things, our mortgage and one vehicle with 1% interest. We are on pace to max out one of our 401ks this year, both ROTHs, and our HSA. + +I know there are not a lot of financial details and honestly, it only took us 9 months, I’m sure others had a harder and longer road to recovery, but it feels really good right now to have just completed this part of our plan. We are now ready to save for our future purchases instead of borrowing. + +I want to thank this sub for all the advice received, MMM, and my friend that showed me this different path. + + +Please utilize this sticky thread for all **Bitcoin** price discussions! + +If you see vapid price posts on /r/Bitcoin/new, please help us out by directing the OP to this thread and reporting theirs. Thank you! + +## Your price screenshots and repetitive posts are being removed, so please stop posting them! +Hey all. I'm looking for information about property management for a second vacation home in a different city. I don't intend to rent it out, but it seems like all I can find are vacation or long-term rental management companies (with a focus on finding tenants, etc). I'm instead looking for a company that can keep an eye on the house, keep the landscaping in order, etc. + +Does anyone do this? How much does this cost (assuming home is in MCOL US city)? What is this type of service called? +Oh boy. Realizing now that my first DD barely scratched the surface of these ALABS. I foresee writing in my future. Thank you all for your concern for my health and wellbeing! I love writing and researching this stuff. If I need a break, I will absolutely take it. But for now, I'm too interested in all this to just walk away. + +You can read my Part 1 [here](https://www.reddit.com/r/Superstonk/comments/rqle93/the_big_short_again_auto_loans_bubble_edition/). Obviously I'd recommend that before jumping into this one. Also make sure to check out my SLABS DDs. So many bubbles, so little time! + +I don't really have any corrections I'd like to make to my first part. If that changes, I will edit this post, or include the edits in a Part 3, if it happens. Let's go! + +First of all, I'd just like to quickly mention that the way these loans are rated works the same as most other asset backed securities. Yup, the same exact conflict of interest exists here as it did in 2008. Ratings agencies like Moody's and S&P are paid by the servicers of ALABS to rate these very ALABS. Just thought I'd bring that up here, as it helps to link all different types of ABS - the same scumbag rating agencies are involved with many different types. + +Next up, used car prices. I didn't really address appropriately in Part 1 why I believe the used car market is so hot, and the significance. So here goes. The used car market being hot greatly benefits ALABS. The more loans have to be taken out, the more money these dealerships make from these loans. Obviously, the main cause of the hot market the insane chip shortage. There just is not enough supply of new cars to satisfy demand. u/Vnmous, who works in the auto industry, had a great comment on my first part, saying "*Dealers are enjoying the position of the industry at the moment. They have never made more money, even though there are no cars on most lots".* My part 1 DD supports this conclusion: dealerships now make a majority of their profit on loans, not profits from the physical car. Here's a graph that shows why this hot used market benefits these dealerships. + +&#x200B; + +https://preview.redd.it/8ar8w3c89c881.png?width=450&format=png&auto=webp&s=14d4e5a33e7ed897a197fb83681b240d9d0d259f + +Interest rates are *significantly higher* for used cars. This means that dealerships are making more money off used car loans. Interesting. This has led them to dealerships buying back used cars that they previously sold and selling them again - many dealerships are offering high compensation for used cars you bought from them previously. However, this comes with a problem. Because the majority of cars available now are used, people are taking out more and more expensive loans due to the increasing interest rates AND the meteoric rise of used car prices, as shown by this graph. + +https://preview.redd.it/ommb2wn6cc881.png?width=1280&format=png&auto=webp&s=521e2a8a1dc48b08d06d1eb9a9425e7edf347924 + + **This, in my opinion, has caused a significant increase in the probability of defaults and delinquencies, which will affect the bottom line of these ALABS.** + +Now, let's talk about Santander Drive Auto Receivables Trust, or SDARTS. These are a little complicated, so get ready for some reading. Per [this source](https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/), *"One of the more popular auto loan-backed securities is the Santander Drive Auto Receivables Trust (“SDART”) product.  The SDARTs offered bonds categorized into different classes – a number of A class bonds, followed by B, C, D, and E class bonds.  The payoff time was to be longer for each successively higher class, leading to greater risk but higher interest rates for the lower classes. An analysis of the SDART offerings shows the cumulative effect of rising defaults and slower payoffs in underlying loans.* + + *Beginning with the first SDART issued in 2013, the payouts started growing longer. Whereas the October 2012 offering had the Class B payout to be completed in May 2017, the January 2013 offering called for the Class B payout by January 2019.  Stated differently, a product offered four months later pushed the payout seven months out.  While all of the SDART products offered through the end of 2012 are fully paid and retired, all of the products offered thereafter have one or more classes of debt still outstanding.* + +*It seems that the trend of slower borrower loan payments is having the direct effect of causing these products to run for progressively longer periods of time.  While that means that those who own the various bond classes enjoy the interest return for a longer period of time, it also means that they’re subjected to the risk inherent in the product for a longer period as well.  As auto loan default rates climb, it is possible that the ratings agencies will downgrade the riskier debt classes, making it more difficult to sell those instruments on the open market."* Ok. Allow me to do my best to summarize. SDARTs are a type of auto-loan backed ABS. There are different tiers, ranging from A to E, with the risk exposure and interest rate increasing with each tier. However, due to borrowers having less money in general due to inflation and the pandemic, loans are taking longer to repay. **This is exposing what was supposed to be the low risk tiers, (like A and B) to as much risk are the lower tiers were previously exposed to.** **And now, the lower tiers are** ***even riskier.*** Basically, these SDARTs just got a whoooole lot riskier. And they're extremely popular. + +Now, I'd like to talk about Trade-In Treadmills. This quote, via [this source](https://www.businessinsider.com/wall-street-is-worried-about-car-loans-2017-3#moodys-the-percentage-of-trade-ins-with-negative-equity-is-at-an-all-time-high-as-is-the-average-dollar-amount-of-that-negative-equity-5), should explain things a little better than I could. *"In a note out March 27, Moody's highlighted what it called a "trade-in treadmill." In other words, auto lenders are choosing to roll negative equity at trade-in in to the next vehicle loan.* + +*It looks a little like this:* + +1. *Car Buyer acquires a Truck 1 for $100, taking out a $80 loan to make the purchase.*  +2. *Truck 1 drops in value by half by the time Car Buyer decides to trade in.* +3. *In that time, Car Buyer has only paid $10 of the loan, leaving him/her with $20 in negative equity ($80 loan minus $10 payment minus $50 trade-in)* +4. *Car Buyer rolls the $20 negative equity in to the next loan on the next purchase.*  + +*From Moody's note:  The percentage of trade-ins with negative equity is at an all-time high, as is the average dollar amount of that negative equity. Lenders are increasingly faced with the choice of taking on greater risk by rolling negative equity at trade-in into the next vehicle loan. We believe they are increasingly taking this choice, resulting in mounting negative equity with successive new-car purchases. This “trade-in treadmill” generates higher loan to value ratios, slower principal amortization and higher loss severity when defaults occur."* Woah. This is a pretty big issue. **You have these loans that are just going to keep snowballing on each other because people are paying loans slowly, trading in their cars, and rolling over their negative equity.** Yikes. And we know that the ratings agencies are just as corrupt as 08. So I would not be surprised if these are still being rated AA or AAA. + +Now, I'd like to talk about an absolute bombshell of a report done by ConsumerReports into the true state of the auto loan industry. This was absolutely mindboggling. [This article](https://jalopnik.com/this-damning-report-on-car-loans-is-the-scariest-thing-1847964178) summarizes the report, while the actual ConsumerReports article can be found [here](https://www.consumerreports.org/car-financing/many-americans-overpay-for-car-loans-a8076436935/). Here's a quote from the summary: " + +*The investigation found:* + +* ***A credit score doesn’t necessarily dictate the terms of the loan offered.*** *Borrowers in every credit score category—ranging from super-prime, with scores of 720 and above, to deep subprime, with scores below 580—were given loans with APRs that ranged from 0 percent to more than 25 percent.* +* ***Some high credit scorers get high-priced loans.*** *While, on average, borrowers with low credit scores are offered the worst terms, about 21,000 borrowers with prime and super-prime credit scores, about 3 percent of the total borrowers in that group, received loans with APRs of 10 percent or greater—more than double the average rate for high scorers in our data.* +* ***Many borrowers are put into loans they might not be able to afford.*** *Experts say that consumers should spend no more than 10 percent of their income on an auto loan. But almost 25 percent of the loans in the data CR reviewed exceeded that threshold. Among subprime borrowers, that number is almost 50 percent, about 2.5 times more than prime and super-prime borrowers.* +* ***Underwriting standards are often lax.*** *Lenders rarely verified income and employment of borrowers to confirm they had sufficient income to repay their loan. Of the loans CR looked at, these verifications happened just 4 percent of the time.* +* ***Delinquencies are common.*** *More than 5 percent of the loans in the data — 1 in 20, or about 43,000 overall — were reported to be in arrears. While delinquencies declined over the past year and a half, likely thanks to pandemic-related deferment programs, industry groups and regulators are bracing for a potentially sharp uptick in the coming months."* **Holy SHIT.** This is worse than I thought. You have even prime and superprime buyers being subjected to horribly high priced loans, borrowers being put into loans that these companies know they can't afford, companies not checking incomes to even verify the likelihood of repayment, and a ton of delinquencies. I don't even really know what to say at this point. The value of these ALABS are honestly jack shit. But the bubble hasn't burst yet. + +Now, I'd like to talk about some pretty high profile lawsuits that show just how scummy these auto loan agencies are. First up, some quotes from [this source](https://lowey.com/blog/no-job-no-problem-auto-lending-practices-mirror-those-that-fueled-housing-bubble/). *"Early last week, Attorney General Maura Healey filed a* [*lawsuit*](https://www.mass.gov/news/ag-healey-sues-major-subprime-auto-lender-for-unfair-and-deceptive-practices-in-its-subprime) *against Credit Acceptance Corporation (“CAC”), a credit lender that specializes in auto loans. The complaint alleged that CAC had provided borrowers with high-interest subprime auto loans which the company knew the borrowers would be unable to repay. After borrowers defaulted, CAC aggressively pursued them for repayment, hailing them with collections calls and overcharging them for their deficiencies. The company then misled investors by packaging these high-risk loans along with other loans into asset-backed securities, which CAC misrepresented as only containing high-quality loans. As a consequence of CAC’s activities, thousands of consumers have been left in financial ruin. Borrowers of these loans risk lowering their credit score, losing their automobile, and facing accumulating fees if they default.* + +*CAC is not the only company in the subprime auto market to be recently accused of deceitful and predatory behavior. Earlier this year,* [*Santander*](https://www.reuters.com/article/us-usa-autos-lending/santander-agrees-to-550-million-settlement-over-subprime-auto-loans-idUSKBN22V2GS) *agreed to a $550 million settlement with 33 states and the District of Columbia after engaging in similar conduct, approving high-cost auto loans for consumers with subprime credit. Last year,* [*Exeter Finance*](https://www.mass.gov/news/ag-healey-secures-55-million-for-consumers-state-in-subprime-auto-loan-settlement) *paid $6 million as part of settlements with Massachusetts and Delaware based on their subprime auto loan practices as well. These lawsuits illustrate a growing and concerning trend in the auto finance industry– more and more credit lenders have been willing to offer loans without engaging in reasonable underwriting practices."* This basically confirms all of what I previously described with that ConsumerReports article (also, Santander? Sound familiar? Hint hint: SDARTs). Companies are giving borrowers loans they can't repay, just to make more money off these loans. **It's really an infinite money glitch - first they get the money from the insanely expensive loan they gave you, then they just go and repo your car anyways. In some ways, ALABS are even worse than SLABS in the aspect that because there is very valuable physical collateral in the form of a used car, companies have incentive to drive consumers into default so they can repo the car and resell it.** + +Just look at what happened to repossessions once repo moratoriums ended. Illinois and Maryland ended their pandemic repo moratoriums separately from other states, so you can really see how big an impact this had. (Via [this article](https://www.chicagofed.org/publications/blogs/chicago-fed-insights/2021/what-happened-subprime-auto-loans)). + +&#x200B; + +https://preview.redd.it/dlbv6gzrlc881.png?width=552&format=png&auto=webp&s=3eb82a6aacd8e20d4b63a5c4e7a953c1423f156d + +Looks like repos are through the roof, likely due to all the previous factors I mentioned. + +Now, it's time for a TLDR. + +TLDR: The used car market is very hot right now due to supply shortages. This greatly benefits dealerships and therefore increases the creation of ALABS. However, these ALABS are really bad quality because of how expensive used cars are and how much higher interest rates are. Additionally, companies have been giving out loans so expensive there is little chance of repayment, even for prime and superprime borrowers. While these companies have been challenged by lawsuits, the system has yet to see major changes, and the fines were likely a slap on the wrist compared to how much profit these guys are making. **Companies really have a sort of infinite money glitch - give out exorbitant loans, collect money on those loans, the borrower is still forced to default due to the near-impossible-to-repay fees, dealerships repo the car, and they run the same scheme on another sucker.** + +That's about all I've got for this part. Again, I'll make more parts in the future if I come across more new info. Thanks again for reading. + +One final thing. I am not a financial advisor. Please do not ask me how to make money off this situation. My personal investment strategy has been all GME, and this information does not change that. as always, I believe GME to be the best hedge against a market crash. Thanks again. +He has a 22B (8M USD) LUNC short open once again, and is currently calling for 0. Many people in the LUNC community is calling him out for faking his trade, which he is not. LUNC community showing their delusion once again. Its like they never learn. + +&#x200B; + +https://preview.redd.it/z67ii4iz0gn91.png?width=1257&format=png&auto=webp&s=044d3ca7a6d19f4497a0a6bae79a3c668a321897 + +This guy has one of the best track records in terms of trading that I have ever seen. GCR shorted LUNA for $10 million after betting with Terraform Labs CEO Do Kwon that LUNA will trade lower than $88 by March 2023. He asked Do to increase the bet to $50M, but Do declined. Do kwon wasn't as confident as he made out to be. + +If this guy starts shorting your shitcoin, its game over for said shitcoin. +**UPDATE**: I got it resolved! I replied to their email with only the police report, FTC identity theft report, proof of residence, and a copy of my drivers license (I did not fill out their affidavit or give them my SSN). I also mentioned the CFPB and formally requested they close the account and provide confirmation in writing. They emailed back within the hour and it was done. Jesus Christ. Thank you all so much, I did not expect so many responses and it was incredibly helpful. + + +**ORIGINAL POST**: I got a debit card from MetaBank/MoneyLion in the mail, correct name and address, but I did NOT apply for an account with them. I did not activate the card, and found the support number on their website. Customer service opened a case and told me they'd email me an affidavit that I'd need to have notarized and return. They couldn't tell me anything about the account (which state it was opened in, if there was money in it). They also said they couldn't cancel the account until I returned the requested info to their fraud team. + +I get the email from their fraud department a few days later and they are requesting the following, along with the affidavit: + +\*\*A copy of a Police Report stating that you are the victim of Identity Theft\*\* + +\*\*A copy of your valid and unexpired Driver’s License or Government Issued ID\*\* + +\*\*A copy of your Social Security Card\*\* + +Excuse me, but I never requested this debit card to begin with. I am not going to give them any more of my personal info. Is there a way I can report this/have the account closed without dealing with them directly? I live in Kansas, if that helps. + +Edit: here’s the letter. +Front: https://i.imgur.com/0ZiqgPU.jpg +Back: https://i.imgur.com/3zdKEeI.jpg (note no account #) + +Here’s the email from the fraud department: https://i.imgur.com/ayjhQ48.jpg +I believe I've heard this mentioned on this sub before. + +I'm personally far from being fatFI but I imagine that funding mid-high budget films would be awesome fun, and potentially very lucrative, for someone fatFIRED with spare time and a bit of liquid cash. Does anyone here have experience with this kind of thing or know how deals like that would be set up and finalised? + +Would it be a loan system paid back once the film hits box offices or would the individual give their cash outright and then own x% of all proceeds? + +Cheers all + +*I believe this would be fatFIRE relevant due to alternative investment topics though mods please feel free to delete if necessary* +I’ve put this off for too long. +I thought this gang might have good advice on how to find a good lawyer for a will. + +Some details: +- Live in large metro area +- Married +- stocks, company stock options, retirement portfolios, house plus rental property. + +I don’t think this should be that complicated but how do I make sure I pick the “right” lawyer? My company offers a benefit with a directory of lawyers I can use for free. It has hundreds of lawyers near me. I don’t know the best strategy to filter them. +Seeing as Tesla is dropping as bad news is coming out about Twitter, do you think this is this just a coincidence or do you think Tesla's valuation will be tied to the fate of Twitter? It's still ambiguous how Twitter will function at Musk's helm, but the market is reactionary and could be assuming the worst. +First-time poster here, don’t bully me, apologies for the potentially atrocious formatting :) +TL;DR at the end + +So in the wake of Bitcoin’s explosive rise in value and media attention, I’ve been encouraged by others to share my experience over the past few years as a miner. Here's my story (it's kinda long, you've been warned) + +# Humble Beginnings +It all started almost three years ago in the beginning of 2015 when Bitcoin flew under my radar. Looking into it, I admittedly wasn’t drawn in because of the decentralisation or the anonymous payments, I was hooked on the idea that anyone could get their hands on some just by running a program and leaving it to do its own thing. I know, how shallow of me. But the idea of making even a bit of money without ‘any work’ was convincing enough for 11-year-old me to do more digging into the matter. + +To my disappointment, I soon found out that the era of mining Bitcoins with a PC’s CPU or GPU was long obsolete and instead it was all ASICs at that point. + +So that summer, for my twelfth birthday, I got a little ASIC machine for €60, an [Antminer U3](https://imgur.com/QLzmmx2). This little thing took up less space than a graphics card but could mine at 60 GH/s. Because, at the time, I didn’t have a controller device that could be kept up and running all day long so it could run the program that mined Bitcoin using the U3, I went ahead and got a Raspberry Pi. After setting up the Pi and installing all the necessary stuff (took an awfully long time), I connected it to AntPool and plugged the U3 in. Two days past and the mining pool sent the first Bitcoin I ever received to my wallet (I was using Blockchain.info). It was just 30 cents worth of BTC but I felt a bit of a rush because I was earning a bit of money through this completely new thing and the idea of that was thrilling. + +Let’s back up for a second. I just used the term ‘earning’ as if I was profiting, and naive me 2 years ago was no different. In reality, I was at first oblivious to the fact that I was most likely LOSING money overall because of how much energy that little sucker was taking in. But, I was comforted thinking that using that machine was just a practical way of learning about this modern currency and that the loss of several cents’ worth of energy was acceptable in the name of education and learning. + +Fast forward ten months to the wonderful summer of 2016. I had recently turned 13 and the Antminer U3 had been running on and off throughout. Various pauses and breaks in mining would be observed, as I had to manually get everything up and running after frequent breaks in the Internet connection. You’d expect my newly-turned-teenage brain to lose interest in Bitcoin as it does with many other gimmicks, but – even surprising myself – I miraculously didn’t. Good thing I maintained interest thinking about it now, not so good at the time for my parents. Why do I say this? I felt like it was time to get a little upgrade in my hardware. + +# Getting an upgrade +Days passed with me comparing every ASIC miner I could at that price point. It was then I set my eyes upon the Antminer S7 (same folks who did my U3, nice). I had put it up against a plethora of other miners and I figured the S7 was my best bet; the thing costs only about 10 times that of my U3 but could run at 4.73 TH/s, almost 80 times as powerful. The only problem being its power consumption was at 1300 watts, which would put a massive dent in the electricity bill and eliminate any profit I would make. Fortunately, I had a secret weapon up my sleeve – or rather my mum did. She had rented out an office outside our apartment where she would keep files and paperwork. The office’s electricity bill was a flat rate as far as I’m aware and it ended up being my saving grace because it virtually got rid of the “oh no I’m actually going to be losing money because of how much electricity I’m eating up” factor, making this whole hardware upgrade viable. + +After convincing my parents, they finally agreed to shell out the requested amount, with the initial investment being paid back with time. I went to a local Bitcoin vendor and purchased 1 BTC for about $665 in cash (*sigh* yes, I know. $665 dollars). Shortly after, I used about 0.9 BTC to purchase the Antminer S7 and a 1600W power supply for a grand total of $600. The products would be made and shipped from China so I was definitely in for a wait. + +A month passes and the package arrives at last. I connected all the wires from the power supply into the S7 and – with great anticipation – I plugged it into the wall to start its first ever run. And what do you know? An extremely loud and high-pitched whirring sound blasted out from the fans on both the power supply as well as the S7. After killing the thing, I questioned my choices. I couldn’t dare put that thing anywhere near my mum’s office in the event it drive everyone in the building absolutely nuts. I was at a loss. However, I soon recovered from my temporarily debilitated state and got working on a solution. + +The first idea that came to my mind: change the fans. The stocks fans were by Evercool and spun at around 3000 RPM. The power supply used a small, robust fan that looked like a cube that must’ve spun at extremely high speeds judging by how high the sound it produced was. I got my parents to give me some more funding so I could acquire the replacement fans and I did. Bust. After installation and testing, none of the fans would work. I managed to configure the S7 to connect to my Antpool account and the machine would manage mining for several minutes running at peak performance but ultimately be automatically cut off because of how hot the machine was getting (I’m talking about 80 degrees Celsius kinda hot in that thing). The fans got refunded and I was back to the drawing board. + +After combing through some forum posts and videos, I came across [this](https://www.youtube.com/watch?v=SxMVpB9Y4wc) video and a forum post in which people have their mining rigs placed inside a ventilated, muffled cabinet. Undertaking a project like this would be time-consuming and risky but I had no better ideas so I decided to go through with the idea anyway. + +Firstly, I sought out a cabinet with suitable dimensions. I managed to get just what I needed at a second-hand IKEA shop. Great. Secondly, I went ahead and acquired some sound-absorbing acoustic foam from a local provider. Fantastic. Finally I had to get a ventilation system going within the cabinet, otherwise, all the hot air would roast the machine alive in there in a bloody mess. With the help of my dad, we found a pair cabinet fans on the Internet that were close to silent but could circulate the air well enough. + +Eventually, all the materials came and, with the help of my parents, put everything together. The process took quite long time and we had a couple hiccups along the way, but we got it done and it came out pretty nice. + +The moment of truth came and, to my relief, it ran so much quieter than without the cabinet. It was nowhere near silent but it reduced the noise a great deal. Soon after, I got the thing into the office and set everything up from there. Unfortunately, I was forced to underclock it because you could still hear the machine’s whining from outside the thin office door. Gunning the hashrate down about 25% to 3.7TH/s, I could lower the fan speed without risking the machine burning up. Sure, I wasn’t getting the full potential of the machine but I didn’t complain because electricity was not an issue there and it was still a whole lot better than my U3. With it up and running, I could leave it there, periodically checking to see if it was mining on Antpool. + +# The aftermath +In the months that followed, I was getting a solid $2.5 worth of BTC on daily basis. Half a year later, May of 2017, I had accumulated a satisfactory $600. I thought, “At this rate, I’d be able to pay my parents’ investment back in a few months” (the total investment came close to $900). Bitcoin had risen to over $1500 so I was already over the moon at that point because of how well everything was going. Little did I know… + +I hit 0.5 BTC midway through September this year. The price of BTC had dropped after a sudden rise to $5000, but I couldn’t have asked for more. Although I possessed only half the amount of BTC I paid for the machine, its value was over twice that of the initial investment. I thought BTC would level off at around $4000 but nope. + +In the month of October, the price skyrocketed. Since September, I had only mined 0.017 BTC but the value was already over $3000. It was just a matter of selling it, but I decided to hodl. Good thing I did. + +As of November 5, I have approximately 0.52 BTC mined in total from my S7, valued at $4000. If I were to sell it right now, I’d have a profit of over $3100. And as for my miner, it’s churning out 0.0006 BTC daily, sounds like nothing but it’s still the equivalent of $5 today and I couldn’t be happier, at least with the miner and Bitcoin. + +You remember that $665 for 1 BTC that I mentioned earlier? In hindsight, it would’ve been such a better idea to just keep that one Bitcoin and not do anything with it until today (in the interest of making much more money), as I’d theoretically have upwards of $7000. The idea of that still haunts me sometimes if I dwell on it too long but knowing that I’m in possession of an already hefty amount, the pain of it had numbed slightly. It’s not all doom and gloom for me from the exponential increase in Bitcoin’s value, however. Those first $0.3 payments from my humble little U3 all those years ago now are now the equivalent of over $6 today! + +Bitcoin and everything it encompasses has been and still is a journey of discovery and an adventure. Looking back, starting with a modest €60 Antminer U3 to having a sum of Bitcoin equivalent to two extremely high-end gaming rigs (first thing I could think of as a comparison, sorry) has been something I can’t really describe. Through the course of the past few years, I’ve learned more about technology, I’ve unexpectedly gotten insight into economics and business and – of course – I’ve made a lot of money (if I decide to stop hodling that is). + +Also, props to my parents for keeping an open mind throughout, I know some parents would be horrified at their kids being involved in something that has been used in some less-than-savoury ways and it's great knowing mine have been supportive all the way. + +TL;DR got into Bitcoin mining 3 years ago at age 11 with an Antminer U3 that ran at 60 GH/s, got an Antminer S7 (4.73TH/s) and built a sound-muffling, ventilated cabinet for it. Am sat here today with $3000 profit if I decide to sell right now. + + + + + + + +A $5K account picking up Market Freebies^(c). + +Strategy: sell weekly far OTM PUTS on beaten down tickers, especially after ER, or during pre-ER. + +Concern1: "Picking up pennies in front of a steamroller" -->Answer: Steamroller is too slow. + +Concern2: "It works until it doesn't" -->Answer: My phone works until it doesn't. What's your point? + +**edit**: wow, some sad individuals randomly downvote my comments...smh, a tiny retailer shows two weeks of picking up Market Freebies^(c) and the reaction is, "No, you NEED to lose to the market, winning is unfair!"...smh.... +No, I'm not gonna shill. I just want to hear more opinions if the coin actually has some moonshot potential like QNT, UBT (which did 20x - 40x in the bear market). I'm thinking to triple my bag + +The hype on twitter and 4chan biz is unbelievable which make me worry if this is pump and dump + +Some FA I copied from 4 chan + +&#x200B; + +>This is much bigger than you think. + +> +>The project has been around for more than a year. Already functioning Ethereum sidechain = scaling solution. Fast transaction times (5 seconds) & low transaction fees (500 tx for $.01). The sidechain has a built in stable coin called xDAI, pegged 1:1 with DAI which itself is pegged to the USD, which means users are not exposed to volatility to use the chain. STAKE is the token that protects the network. + +> +>xDAI was shilled by Joseph Lubin, Gavin Wood, MakerDAO, and Vitalik himself https://www.xdaichain.com/about-xdai/news-and-information/crypto-influencers-on-xdai, even Anthony Pompliano (known BTC maxi) said: "xDAI is a magical first experience for people" +https://twitter.com/APompliano/status/1102220729871990784 +Reminders, Pomp is a frequent CNBC Fast Money host + +> +>Chess on xDAI (Jan 2019): https://twitter.com/mikery/status/1112603032703913985?s=21 +Helena, prediction markets on xDAI (Augur competitor): https://helena.network/ +Burner wallet, a web wallet for instant users onboarding running on the xDAI sidechain: https://burnerwallet.co/ +Used live at a big ETH event: https://medium.com/@austin\_48503/burner-wallet-ethereal-was-rad-bf56b68ac3bc +A $18B worth company used it at a conference LAST YEAR (Splunk + xDAI) + +> +>Roadmap: https://www.xdaichain.com/about-xdai/roadmap + +> +>Q2 2020: Trade any real world asset (TSLA, OIL, whatever) on the xDAI chain at blazing speed. +Q3 2020: Public staking +Also Q3 2020: privacy preserving transactions. +Q3 2020: zk-rollup scaling solution for 1000x increased tps + + +Whilst i'm sure there will be the usual tribalism comments, hopefully those that are able to put their feelings to one side and just spend 5 minutes reading the below, giving an overview of a project that is enhancing blockchain adoption by enterprises - which leads to more funding being put into blockchain, which leads to more developers and ultimately mass adoption. + +Quant Network's Overledger is a Blockchain Operating system that currently connects 10 blockchains to provide interoperability as well as connect to networks offchain / oracle services. Below is a more info on their recent big announcement with the largest financial network provider in Europe - SIA as well as other announcements, the team and the token. + +Partners and Announcements: + +Quant Network recently attended Money 20/20 in Europe where they announced a partnership with SIA. + +[https://www.sia.eu/en/media-events/news-press-releases/sia-partners-with-quant-network-to-explore-innovative-solutions-in-blockchain-interoperability-for-banks-and-financial](https://www.sia.eu/en/media-events/news-press-releases/sia-partners-with-quant-network-to-explore-innovative-solutions-in-blockchain-interoperability-for-banks-and-financial) + +[https://www.youtube.com/watch?v=0cNmGrLPoTo&t=7s](https://www.youtube.com/watch?v=0cNmGrLPoTo&t=7s) + +>So what we’ve done is instead of just announcing one client and one thing, we’re announcing that we’re working with SIA. So, SIA is leading European payment infrastructure. And what we’re doing with SIA is interconnecting blockchain networks with SIA, and doing settlements, which are central bank settlements, with the central bank in Italy. So what Overledger is doing is we’re actually bringing blockchain and interoperability to all of SIA’s clients, which are 580 banks. So, Overledger could be rolled out to all these institutions, financial services, banks, at scale, and have interoperability to get the benefits of this. + +Just to make it clear this isn't SIACoin, this is SIA, the largest financial Network provider in Europe. some more info about SIA below: + +The Eurosystem (compromises of the European Central Bank (ECB) and 19 National Central banks that are using the Euro such as the central banks of Italy, Germany, France, Spain, Netherlands, Belgium, Ireland etc.) operates the financial market infrastructure for the settlement of payments (TARGET2), TARGET Instant Payment Settlement (TIPS) and securities (TARGET2-Securities, or T2S). **These platforms form the backbone of the European financial market.** + +**All of these platforms will be reachable via the Eurosystem Single Market Infrastructure Gateway (ESMIG).** The single connectivity gateway to all Target services would provide a simpler and more efficient means to access the key market infrastructures and up to 3 Network Service Providers will be able chosen. The two companies currently going through the approval process are **SIA** (who were the first to be gain Eurosystem certification for TIPS) **and SWIFT.** + +* In 2018, SIA managed 14 billion institutional services transactions, 7.2 billion card transactions, 3 billion payments, 51.7 billion financial transactions and carried 1,204 terabytes of data on the network. +* SIA supported the launch of the new **Samsung Pay** payment system, and also **Alipay** and **WeChat Pay** payment service were activated. Furthermore, the offering of terminals has been enriched with the Android-based smartPOS line, making value-added services available to consumers and merchants. +* In 2018, SIA confirmed its role as key technology partner to the **London Stock Exchange Group** and at the end of 2018, **44 trading venues operating in Europe and the United States** were connected to SIA’s “Financial Ring” which enables financial intermediaries to access, via a single high-speed, low-latency network infrastructure, the **main international stock markets using date centers in Milan, Rome, London, Frankfurt, and New York.** +* SIAchain was selected for the operational testing of the "Spunta Banca" project - coordinated by ABI Lab, the research and innovation center promoted by the Italian Banking Association - based on blockchain technology that currently involves 18 Italian banks. SIA participates in the project together with other technological partners such as R3 and NTT Data. +* **Quant Network and SIA are founding members of IATBA (International Association of Trusted Blockchain Applications), led by the European Commission**, which will bring together all stakeholders interested in the transparent promotion of interoperability, governance, legal certainty and trust in services made possible by Blockchain and Distributed Ledger technologies +* **Quant Network has been named Gartner Cool Vendor 2019** in Blockchain Technology. Gartner is the world’s leading research and advisory company. Quant Network joins a list of illustrious names like Dropbox, Nest, Evernote, Cloudera, Palantir and Instagram, all of which have been named a Cool Vendor in the past ten years. Cool Vendor status is bestowed upon the most disruptive and credible startups that Gartner analysts genuinely believe will change the technology landscape. The Cool Vendor status is highly recognisable and tracked by potential acquirers, investors and large enterprise buyers. +* [Quant Network Chosen for the UK Government Backed Tech Nation's Cybersecurity growth Programme](https://www.quant.network/blog/quant-network-chosen-for-tech-nations-cybersecurity-growth-programme/) +* [Quant Network Chosen for the UK Government Backed LORCA Cybersecurity scaleups cohort 3 in joint collaboration with Plexal, CSIT and Deloitte](https://www.quant.network/blog/quant-network-chosen-for-tech-nations-cybersecurity-growth-programme/) +* **Quant Network’s Overledger to play integral part in Hyperledger Quilt reboot to enable universal interoperability for Hyperledger**. Hyperledger is very popular with enterprises with half of the Forbes 50 list using Hyperledger. It consists of many frameworks and Hyperledger Quilt is their tool that provides interoperability. +* **Quant Network was appointed company Guarantor of** \*\*Pay.\*\***UK, the largest payment network in the UK**and is accountable to the Bank of England. Quant Network will shape the payment ecosystem to promote competition, innovation and openness, as well as setting the strategic direction of the Payments infrastructure and adopting the New Payments Architecture (NPA). +* **Overledger is providing interoperability by connecting to 10 Blockchains currently** as well as connecting non-blockchain networks. These include the Enterprise 5 Permissioned blockchains - R3's Corda, Hyperledger, Permissioned versions of Ethereum, JP Morgan's Quorum and Ripple as well as the permissionless blockchains of Bitcoin, Ethereum, IOTA, EOS and Stellar +* **Guy Dietrich, Managing Director of Rockefeller Capital (manage $18.6 billion in assets) is joining the board of directors at Quant Network**, supporting the company's recent expansion to the US to meet client demand. +* **Quant Network partnered with Crowdz who** [**Barclays and Bold Capital Partners recently invested $5.5 million into. Barclays are integrating Crowdz into Barclaycard**](https://www.coindesk.com/barclays-leads-5-5-million-round-for-blockchain-business-payments-startup) + +>"Although Crowdz uses the Ethereum blockchain as the foundation for our Invoice Auction Exchange, we have needed a solution that allows for invoices and other documents to be transferred from one blockchain to another — for example, among Hyperledger, Corda, and EOS. With the Overledger solution from Quant Network, it is now possible to pass data among different blockchains. Crowdz looks forward to working with Quant Network to enable the true multi-blockchain environment that our customers demand.” - Payson Johnston, President and CEO of Crowdz + +* Quant Network Partners with DATA 61 to participate in Cross-Border trials with the Global Financial Innovation Network, a network of 35 organisations committed to supporting financial innovation in the interests of consumers. Bodies such as the Financial Conduct Authority (FSA), Australian Securities & Investments Commision (ASIC), Monetary Authroity of Signapore, Hong Kong Monetory Authority, Central Bank of Bahrain and many more all participated with in the trials. + +Team: + +Incredible team with loads of experience - Gilbert CEO was the Chief Information Security Officer at Vocalink (Mastercard) Gilbert was in charge of Security for the Faster Payments service in the UK which deals with £6 Trillion every year. Previous roles at HSBC, PWC, HSBC, EY, UK Government, HM Treasury and Bank of England. + +The most recent addition is the new COO, Cecilia Harvey, who joined from her previous role as Director at HSBC Global Banking and Markets. Cecilia is a Tech Women 100 Winner and also worked at Vocalink, Citi, Barclays, Accenture, IBM and Morgan Stanley + +Lots of other experience in the team working for companies such as BT, Nationwide, NHS, Deutsche Bank, KPMG, HMRC, National Crime Agency and Europol + +[https://www.linkedin.com/search/results/people/?facetCurrentCompany=%5B%2211169903%22%5D](https://www.linkedin.com/search/results/people/?facetCurrentCompany=%5B%2211169903%22%5D) + +Token Utility + +>From our original thinking in the whitepaper and business paper, the purpose of QNT has always been multi-purpose. The 1st phase of QNT was to help create an ecosystem of developers and enterprise. The 2nd phase, QNT has been used to verify and the option to sign and encrypt every single transaction that flows through Overledger for security purposes. The 3rd phase of QNT is something we've been working on. It's to be used for the movement of Digital Assets across chains. QNT is a Universal Utility Token, providing access to the Overledger ecosystem and also to be used to pay for transactions and usage across chains. We're also going to enforce mimimum wallet holdings for all participants. +This is a market need we're seeing with clients and a tokenised ecosystem is the future we're all working towards. This is something we can do now, where others have been trying to achieve for the last couple of years. +We have clients we're working with in financial services that are moving digital assets internally within a permissioned network and want to be able to interoperate with other parties to recognise their digital asset on different internal permissioned chains. Plus they also want to be able to move and settle on public permissionless blockchains safely and securely - Overledger is the only technology that can do this today. +> +>This is a game changer we've been working on. We're bringing blockchain interoperability to the 570 banks that SIA work with. +We want users with volume - if we're powering the digital asset economy with QNT this is a game changer in this space. This is what Ripple with XRP, Stellar with XLM and partnering with IBM have been trying to do - Gilbert from Telegram + +[https://www.quant.network/QUANT\_Token\_Utility\_V0.2.pdf](https://www.quant.network/QUANT_Token_Utility_V0.2.pdf) + +QNT is used to validate with the option to sign and encrypt every transaction that flows through Overledger. No Transactions can + +No 3rd Party can view or tamper with transactions and their contents, including Quant when signed and encrypted + +Enterprises and community developers need to purchase an annual license to develop apps on the platform + +Consumption fees such as read / write to overledger are paid in QNT + +Moving of digital assets across chains whether permissioned or permissionless will require QNT + +The license fees are based on a fixed FIAT Value and the equivilant number of QNT are purchased and taken out of circulation for 12 months. + +Once the license is renewed after 12 months the tokens remain locked out of circulation + +Users will need to hold a minimum amount of QNT to use Overledger. + +Quant have released the Quant Enterprise Treasury which allows Enterprises to pay for license fees in FIAT and the treasury automatically converts them into QNT. The treasury gets the tokens from Exchanges / OTC. + +QNT has a total supply which is 1/3 less than Bitcoin's total supply at only 14.6 million QNT. Unlike Bitcoin currently you don't have to wait till 2140 for all of the tokens to be in circulation. All QNT is in circulation, there is no inflation and no new tokens will be minted. + +Unlike with Ripple where the majority of partnered banks don't actually use XRP, all banks that use Overledger will use QNT. Ripple is valued at $17.7 Billion and 42 Billion XRP are in circulation. There is another 58 Billion XRP which is due to come into circulation via inflation. (If you take that into account at todays prices that's a total market cap of $42 Billion + +ATOM (The token for the Cosmos Hub) is only used for staking and transactions for the Cosmos hub and not the entire Cosmos ecosystem. There will be many hubs each with their own token. Cosmos interoperability protocol IBC is still in reasearch phase and can't connect the hub to zones within the cosmos ecosystem). Also to encourage staking it is designed to be hyperinflationary by having a yearly inflation of between 7 and 20%. This makes ATOM a depreciating asset and to combat this you need to stake your ATOM (which you receive more ATOM as a reward for the loss of value per token). Another way to look at it is if the Market cap stayed the same at £1 Billion over 10 years the value of each ATOM would drop from £4.23 to £0.68 (**-83.92%**). + +The other thing to consider is that whilst they may not be popular on here, permissioned blockchains are going to far more widely used over the next couple of years than public blockchains for Enterprises. This is because public blockchains currently lack many features - speed, privacy, as well as regulation involved with being decentralised etc. Thats not to say it won't shift towards public blockchains in the future but not in the next couple of years. (Just have to look at the number of permissioned blockchains being used in Forbes recent blockchain 50 list to see this. Whilst permissioned blockchains don't need Gas and so don't have their own token. Even if enterprises are only using permissioned blockchains to interoperabte between them, they will need QNT. + +QNT with all of its token in circulation, no inflation, better tokenomics than many, wide usage in short and long term connecting to permissioned and public blockchains as well as sitll on the 2nd page on Coinmarket cap and hasn't listed on a "Tier 1" exchange yet. + +Other: + +* Gilbert Verdian founded the ISO TC 307 Standard for Blockchain which 54 countries are working towards currently -[https://www.iso.org/committee/6266604.html?view=participation](https://www.iso.org/committee/6266604.html?view=participation) +* Open Source SDK's available in popular programming languages such as Java and Javascript. +* Treaty Contracts will allow developers to build MAPPS that can interoperate with multiple blockchains without having to write the smart contract for every blockchain in each of their programming languages - solidity for Eth, Go etc. Treaty Contracts will also enable smart contract capability to be used on blockchains that don't support smart contracts such as Bitcoin +* Quant provides easy Off Chain / Oracle functionality with just the addition of 3 lines of code to their existing applications. Meaning developers don't need to rewrite their applications to work with blockchain. +* Quant have launched multiple products that use Overledger - GoVerify - Protects people from impersonation and deception fraud and Quant ATLAS - their solution to enable interoperable banking through cross border open banking. +* Overledger can connect to any blockchain / DAG / Permissioned or permissionless and is designed to be future proof by isolating the layers so they don’t care which blockchain is being used, what consensus method etc, each layer is only interested with the data within that same layer +* It uses proven Internet Scale infastructure and can operate in either a centralised manner or decentralised with the addition of Hosted Overledger gateways (with details being released later this year) + +**Would you like to connect your favourite blockchain to Overledger so that you have access to all of these enterprises / developers / clients to use? Well you can and unlike with exchange listings its completely free and open source. Once you have created the connector send it in for approval to connect to Overledger. Join the Quant Network Developer portal to find out more, submit** + +for a more in depth look at Quant Network please see the following articles: + +Part One — [Blockchain Fundamentals](https://medium.com/@CryptoSeq/quant-networks-overledger-part-one-blockchain-fundamentals-db7fdb43058a) + +Part Two — [The Layers Of Overledger](https://medium.com/@CryptoSeq/quant-networks-overledger-part-two-the-layers-of-overledger-ea23a7148af1) + +Part Three — [TrustTag and the Tokenisation of data](https://medium.com/@CryptoSeq/quant-networks-overledger-part-three-trusttag-and-the-tokenisation-of-data-71b325f4247d) + +Part Four — [Features Overledger provides to MAPPs](https://medium.com/@CryptoSeq/quant-networks-overledger-part-four-features-overledger-provides-to-mapps-ade5d3d3b613) + +Part Five — [Creating the Standards for Interoperability](https://medium.com/@CryptoSeq/quant-networks-overledger-part-five-creating-the-standards-for-interoperability-307f342facb3) + +Part Six — [The Team behind Overledger and Partners](https://medium.com/@CryptoSeq/quant-networks-overledger-part-six-the-team-behind-overledger-and-partners-120d4bbb5d60) + +Part Seven — [The QNT Token](https://medium.com/@CryptoSeq/quant-networks-overledger-part-seven-the-qnt-token-d6b945ea15f1) + +Part Eight — [Enabling Enterprise Mass Adoption](https://medium.com/@CryptoSeq/quant-networks-overledger-part-eight-enabling-enterprise-mass-adoption-f0e0e41363ab) + +[Quant Network enabling mass adoption of blockchain at a rapid pace](https://medium.com/@CryptoSeq/quant-network-enabling-mass-adoption-of-blockchain-at-a-rapid-pace-60a8f08e95b0) +Idex Token (IDEX) + +IDEX (Formerly Aurora) + +Tokenomics: + + +Market Cap - $7,300,000 + +Circulating Supply – 202,000,000 IDEX + +Total Supply – 1,000,000,000 IDEX + + +For those of you here that don’t already know, IDEX is a hybrid, semi-decentralized exchange that provides a trustless, real-time, high-throughput trading with blockchain based settlements. By centrally managing trade matching and Ethereum transaction dispatch, IDEX enables users to trade continuously without waiting for transactions to mine, fill multiple orders at once, and cancel orders immediately without gas costs. +Honestly, IDEX is my favorite exchange for so many reasons. For one, when you deposit money into your exchange wallets on the IDEX platform you’re depositing it into a smart contract instead of an exchange-controlled wallet. This means you are guaranteed to get your funds back even if IDEX somehow went down. This system allows users to get the UX of a centralized exchange AND the security of a decentralized exchange. + +This is the IDEX work flow as per the white paper: +1) The maker and taker deposit their tokens into the IDEX contract. +2) The IDEX database is updated to include the customer addresses and token balances. +3) Maker creates and submits a signed order that includes the relevant trade data. +4) IDEX confirms that the maker’s account has sufficient funds and that the signed transaction matches what was submitted to IDEX. +5) If all checks in part 4 pass, the order is added to the orderbook. +6) The taker submits a matching order, signing a transaction with the same price as the target order and an amount less than or equal to it. +7) IDEX confirms that the maker’s account has sufficient funds and that the signed transaction matches what was submitted to IDEX. +8) If all checks in part 7 pass, the trade is marked as matched and the orderbook is updated. +9) The IDEX database is updated to reflect the new balances, and both traders can continue to make new trades based these updates. Simultaneously, the signed order is added to the queue to be broadcast to the Ethereum network for processing. +10) After all dependent trades have mined, the transaction is dispatched to the blockchain. +11) The transaction is mined and the contract balances update to reflect the trade. +12) Once the transaction has mined, the maker and taker are able to withdraw their funds. + + +You’ll notice that on number 11, each transaction is mined into the blockchain via hashing power created by IDEX token holders staking their IDEX tokens. By having its own native cryptocurrency and staking ecosystem IDEX is able to make their exchange virtually unhackable. The level of security is pretty impressive. But the point here is that as tis exchange becomes more and more user friendly and all the normies of the world start using it, all this volume will generate insane amounts of growth for this token. IDEX is at the forefront of DEXes of the world. +To stake, you need 10,000 IDEX. As of this writing, it costs $356. The payout is actually pretty good and it pays in ETH. Having this ecosystem encourages IDEX token holders to HODL, being that they are paid out in ETH. + + +Okay, so you get the staking aspect of the project. The other aspect is the Boreal stable coin. IDEX has a stable coin tied to the USD. The ecosystem that balances this stable coin is, you guessed it, the IDEX token blockchain ecosystem. The more that people start using the Boreal token, the more volume on the IDEX token. There are some really good interviews out there with CEO Alex Wearn in which he explains their intention to introduce ALL cryptocurrencies and not just ERC-20 tokens. This exchange is not done growing and is still fairly unknown to even a lot of cryptocurrency traders. + + +It is for these reasons that I am bullish on IDEX token. Join me…or don’t! I welcome any and all comments. Let’s have a discussion on how wrong I am if you think I am off my rocker here. I just can’t seem to find any reason why this won’t go to the moon. + +Team + +Alex Wearn - CEO <https://www.linkedin.com/in/alexwearn/> + +Alex is an expert at leading teams in the design and delivery of software products. He has managed a wide range of operations, marketing, and sales analytics products for Amazon, Adobe, and IBM, and most recently led a product management team in re-platforming their application to operate on a private Ethereum blockchain (project still in stealth mode). Alex is a graduate of the Kellogg MMM program, a dual MBA in Finance and Operations and MS in Design and Innovation. + +Phil Wearn - COO <https://www.linkedin.com/in/philwearn/> +Phil is a Co-founder of EtherEx and has been building blockchain based companies since the time when Ethereum was little more than a white paper. While developing EtherEx he identified the pressing need for a high performance decentralized exchange protocol, an insight which served as the basis for IDEX. Phil has a background in aerospace engineering. + +Jason Ahmad - CTO <https://www.linkedin.com/in/jason-ahmad/> + +Jason has spent his career leading product and engineering teams in the creation of world class software. A two-time venture backed founder, his last company, Epoxy, was successfully acquired in 2016. A Stanford CS graduate, Jason brings his expertise and knowledge to lead the engineering team of Aurora. + +Brian Fernalld - Full Stack Developer <https://www.linkedin.com/in/brianfernalld/> + + Brian is a full stack developer with over 10 years experience in startups. In addition to engineering, Brian has worked for many years in the fields of blockchain technology, product management, marketing, and design. Brian uses his passion for fintech and blockchain technology to build the best user experiences possible. + + + +TL;DR +IDEX is the best decentralized exchange in my opinion. They have huge plans for the future to make it even better and introduce all of the cool features of centralized exchanges. To run this ecosystem, they rely on the IDEX token platform to operate smart contracts and mine things into the blockchain. +Buy IDEX. Sit back and enjoy steady growth. Stake it and get paid out in ETH. Minimum needed to stake costs just $356 worth as of this writing. + +Good luck everyone! + +Links: + +<https://medium.com/idex/aurora-dao-rebranding-to-idex-9611e5ef810f> + +<https://auroradao.com/> + +<https://youtu.be/ZqwSPGt3piw> + +Edit: Formatting +After nearly 3 months of no contact from the landlord after moving out we raised a dispute with mydeposits to get our deposit back. If we hadn't, at 3 months the landlord can claim the entire deposit back without our consent. We had been attempting to contact him to discuss our comments regarding the check out report (which was all good condition and good domestic clean) to give us our deposit back and find if he wants to claim anything. +. + +Now the dispute has finally got his attention and he is claiming for things like a full professional clean of the whole house, deweeding the driveway, "make good" the walls and replacing a door and frame, to the total cost of £1750 where our deposit is just £1250. + . + +What is our best plan to get the most of our deposit back? We left random junk in the garage which was there when we moved in and he is claiming to get that removed but unfortunately for that and several things our only proof is an email sent the week we moved in mentioning this stuff with only partial photographic proof attached. + +. +Cost breakdown of claims: +- Wash and de-weeding of pathway: £150 + +- Removal and disposal of rubbish and items left: £150 + +- Replacement door and door frame: £800 + +- Full property clean (inc: kitchen, landing, bathroom) £375 + +- Make good walls in bedroom 1, bedroom 2 and bedroom 3: £300 +(Sorry if this isn’t allowed, I just am after some advice on the best investment forms!) + +I’ve recently been involved in a legal case that has resulted in a payout between $40-80k (unsure exact numbers). Even though I’m not sure of how much exactly I’ll be receiving, it’s still a significantly large lump sum to suddenly pop up in my bank account. I’d love to start planning what I should be doing with the money. + +I’m 22, Australian and still currently studying. I will be paying rent next year so planning on putting “rainy day” and emergency funds aside, but I’d love to know if anyone has had experience with this sort of situation and had any advice for investments, where to store the money, how to get the best benefits out of it? I really am a beginner!! I’m planning on seeing my parents financial advisors and accountants but I’d like to have some more ideas rather than just going along with what they suggest! + +The only thing I’d really like to splurge on would be a car but I’m already saving for that, so it wouldn’t be a huge chunk taken from it. +Sorry if this has been posted or asked a million times already but what is everyone's goals with their portfolio? Is it possible to invest/reinvest your dividends for 30 years to the point you can just live off your portfolio and retire? I know there are so many more moving parts and questions to ask like how much your investing and which stocks are you holding but is everyone's plan here to live off their dividends or just use it as another source of passive income? +So OHI, Omega Healthcare Investors. + + +They are a REIT that distribute quarterly. Currently at 9% yield, Historically 5-7% yield. Underpriced in current situation. + + +Underpriced because covid has left some of their tenants with some problems of payment, though from a financial perspective they are not near to any problems at all, can still afford the div payout at 80% affo/share being paid out. Has atleast a 30% upside in the near term once they sort their tenant problem out. + + + +What are their tailwinds? Well It's a stock focused on skilled nursing real estate. The boomer generation is going to die off approximately 5 years from now for about 15 years~. Analysts expect this tailwind that will last 2 decades to come about around 2025. + + +Further tailwind, LOADS of their tenants revenue comes from Medicaid/care. Government program that is unlikely to be severely cut + + +All the boomers are going to die, and a big % of them will end up in nursing homes. + +https://www.omegahealthcare.com/~/media/Files/O/Omega-HealthCare/2021/Omega%20Healthcare%20-%20New%20Investor%20Presentation%20-%20November%202021.pdf + +Here alot of their tailwinds and industry overview is listed. + + +Has a 9% payout now, 8% div cagr history over 17 years, did not increase dividend going into 2021 due to the covid troubles, likely price lower largely because of that, since it's no longer div growing lots of funds that only do div growth have dropped this stock. + +Skilled nursing is very fragmented, there are no huge players in the industry, only 11% is owned by REITS, of which 50% is OHI. OHI plans to atleast double their stake in the next 10 years + +I personally have been loading up on this one since mid 2021. Any of you as bullish as I am about this ticker? +Hello everyone, I’ve followed this sub-Reddit for a while now and I love what I see. I’ve decided dividend investing is the route I want to take. I’m currently 21, I have £20,000 ready to invest straightaway and can invest £100 a week from my current job. I’m wondering if I should chuck the £20,000 in now to start getting dividends as soon as possible and get the snowball rolling, or should I dollar cost average? Any help much appreciated! +Hi I’m new to dividend and first of all, is buying etf in brokerage account a good idea? + +I have about $750 and was wondering if I should buy 2 QQQ or 9 SCHD. + +Thank you. +\[Brag post, I suppose.\] + +I only started investing in individual stocks in March 2020. During the past year, my strategy settled into dividend stocks for my trading account. + +Today I decided to check on how much I've earned via dividends (in the last 12 months) in all my accounts - Roth IRA, 401k, etc. These accounts don't have a dividend strategy, but some funds I'm in do pay dividends. + +Here's the results listed as dividend earned then (account balance): + +* My 401k: $527.19 ($480k) +* My Roth IRA: $515.51 ($61k) +* Wife's Roth IRA: $154.19 ($61k) +* My IRA: $818.14 ($65k) +* 529 plan: $0 ($22k) +* Stock trading: $341.37 ($24k) +* Our "rainy day" conservative fund: $530.25 ($25k) + +Grand total of $2,886.65 in the last 12 months. This is without my wife's 401k dividends, I didn't dig into her account. + +Given that the next year will have a full 12 months of dividends in the "stock trading" category, I should reach over $3,000. + +&#x200B; + +Edit: added balances. +Founded in Seattle Washington in 1971, this coffee company has 33,833 stores in 80 countries, 15,444 of which were located in the United States. That's a lot of stores and a lot of profit. Down 31% for the year, Starbucks Stock Forecast looks good, and that Starbucks stock dividend looks even better. This is the stock to pick up while it's on sale to branch out or grow your portfolio. With its cult following, it will continue to grow. In this article we'll take a look at Starbucks Dividend and the Companies health overall! + +**Starbucks Stock Price** + +Starbucks has had a rough 2022, starting the year at $116 and falling to $80 as of June 26th. That's a $36 loss over the last six months. Bad news if you bought it at the all-time high last July at $125. **Great news** if you're starting a new dividend position, or DCA'ing down on an already established position. + +**Starbucks Revenue and Free Cash Flow** + +Starbucks revenue took a hit during the Corona Virus Pandemic just like everyone else. If you take a look at the chart below, their revenue values have returned to all-time highs and are now fully recovered. When plotted out, Starbucks has returned to it's historical revenue values, pushing past **$31 billion!** Great news for would be investors. + +Additionally, Starbucks free cash flow has returned, and they posted **$3.6 billion** FCF in April 2022! Couple this with a strong profit margin around 14% and Starbucks stock forecast is looking up! Lastly, Starbucks P/E ratio has come back to earth from 133 last June to a normal down to earth value of 21.20 today. + +**Starbucks Dividend Yield** + +Starbucks dividend history goes back 12 years and continues to grow every year. Starbucks dividend 2022 currently sits at $0.49 a quarter or $1.96 annually. This puts Starbucks dividend yield at **2.39%** (as of June 26th). This is historically high for the coffee company considering Starbucks dividend yield for the 3Y, 5Y, and 10Y are all sub 2%. Starbucks dividend payout ratio is currently sitting around 50% which means there is plenty of room for Starbucks to continue growing their dividend. + +**Starbucks Dividend Growth Rate** + +Starbucks has a track record of strong dividend growth with the TTM CAGR around 9.09% and the 10Y CAGR at an astounding 19.58%. These growth rates will help your yield on cost grow quickly after initial investment. + +Historically, a Starbucks investment ten years ago would have a YOC of 7.58% and 13.73% if you had bought the company fifteen years ago. Those values are easily in line with most retiree dividend investors when it comes to what they expect to pull during retirement. It's hard to beat a near 10% dividend growth rate on this stock. I expect Starbucks to increase their dividend to around $0.54 - $0.56 to match their average 10% dividend CAGR as we move into 2023. + +**Starbucks Dividend Date** + +With an upcoming ex-dividend date, it's time to lock in your position with Starbucks. Starbucks ex-dividend date is **August 11th** with a dividend pay date of the **26th of August**. The pay amount is $0.49 with an expected yield around 2.47% (depending on stock price). + +**Outlook** + +I think now is a great time to start a position in Starbucks stock. Beaten down for the year the prices are close to the lows seen during the Corona Virus pandemic and most of Starbucks financial have recovered post COVID. With historically high dividend yields, I would lock in your position prior to August 11th and the expected dividend increase leading into 2023. I hope this article helped you decide if Starbucks is the right investment for you! + +Happy Investing! + + +**DISCLOSURE: As of 26JUNE2022, I hold no positions in Starbucks (SBUX) stock. I do expect to invest prior to the Ex-Dividend date and open a LONG position.** +I ask because, well, I'm definitely starting to waver a lot in my journey. + +It seems like I'm constantly recalculating my retirement numbers, irrationally hoping that I'll find some optimism that I could quit in a year, or quit in 4 years. Sadly, no matter which way I cut the numbers, no matter what caveats I add in(e.g coastFI instead of retiring early), there's just no way around the fact that it will take me a really long time to achieve financial independence. + +Given that, I don't understand why I shouldn't just continue to explore different jobs until I find something I like. I mean, it just seems kind of senseless to willingly be in a spot in life where I'm unhappy when I could just live in the moment. Granted, I think it's worthwhile to practice what is preached in FIRE communities to some extent, since it's pretty rational to tell someone to save money and prepare for the future possibility that you'll want to quit your job, but what's the sense in killing yourself to do that when you hate the job that you have right now? + +So, with that being said, any of you "lost your faith" so to speak? Did you come back, or have you grown into a more lax view of FIRE? +Has anyone ever used this FIRE calculator [https://calculator.ficalc.app/](https://calculator.ficalc.app/) ? In the past I have used cFIREsim but this one seems to explain the different withdrawal strategies better. + +Just working up the courage to pull chocks. +So what is everyone saving for? When is enough savings enough? When should you treat your self with some of your savings and what % should you take out? +Is housing good investments? What else is a good investment? +Just pondering my thoughts and I don’t know what I’m saving for. +Would it be possible to use Bitcoin (or any other cryptocurrency) as interplanetary currency? Imagine if mankind would colonize Mars. Wouldn't it be awesome to have a unified currency? I think the main problem would be the high latency between Earth and Mars between 13 and 24 minutes (for one way). And while Earth and Mars are on the opposide side of the Sun there is no connection at all. How could a single blockchain be used to recorde transactions from both planets in this scenario? +Other than once visited this property, I do not have any relationship with the seller(s) or agents. I am simply curious. + +&#x200B; + +\[Here is the property\]([https://www.loopnet.com/Listing/616-14th-St-Oakland-CA/15392327/](https://www.loopnet.com/Listing/616-14th-St-Oakland-CA/15392327/)) + +&#x200B; + +This is a piece of 0.06 acre land in Oakland, CA. I liked it that it is about half block from a nice business district. On the other hand, any new building on this land needs to include SRO (Single Room Occupancy) which is a bummer. + +&#x200B; + +I wonder, **if without SRO requirements**, how much this land would be worth, and what kind of building it could be. + +&#x200B; + +My idea would be first floor commercial plus 5 floor residential. It appears 1200sf 2/2 apartment could sell at $900K and commercial floor could rent for $4/sf/month. So it will be 10 apartment ($9M) plus retail ($8K/month rental, $1.6M at 5% CAP rate). If the land is 1/5 of total building value, the land would be worth about $2.1M. Does that sound reasonable? + +&#x200B; + +Thanks. + +Edit: My question is more towards, if I found a similar downtown area land, how it could be used and what would be a good price. +Am I stuck with holding for 6 months before I can refi? I just purchased a condo in my local market, Uptown Charlotte (cannot find a better location Uptown). Elderly woman died and family wanted to sell as-is. Reno will take 3 weeks and I should be able to put a renter in place. I took the unit down with hard money (3 points, 13%). I wanted to BRRR but it appears I’m stuck for 6 months, am I right or wrong? + +My two options as I see it, flip and make $50k or wait 6 months BRRR and find another. + +Just a little more context, I won’t do much more than break even with a long term renter. They do allow 3 month rentals within the building. I am looking to fully furnish and put it out on the market for $2000/m furnished, with allowing for 3 months, as compared to $1300 long term renter. While there may be more work with the shorter term renter, we are huge Panthers fans and the condo is just a couple blocks from the stadium so the possibility of getting to use the unit occasionally, especially during Panthers game’s excites me. +I have an idea for a commercial property and a few areas in mind that would be very good for the project but I'm not really sure where to start. Do I hire an architect to do mockups before buying land? Do I buy properly zoned land first then hope the plans get approved by the city/community or is there a way to get a project approved before dumping money into land? + +Can anyone recommend good books on the subject? +Hi everyone, + +So here are the facts: + +* Parents own a Condo with $90k left on their Mortgage (originally $129k at signing) + +* I have no debt, and around $40k cash. + +They are wondering if giving the Condo to me would allow me to leverage whatever equity they have on it to help me in whatever way possible. + +I don't know anything about this, but would me legally "owning" property help me with the Commercial lender? Even though they still have a mortgage on it? + +Thoughts? +So long story short, I hired a contractor to replace my roof. In the processing, they did not drape the roof properly causing part of room to collapse when it rained overnight. I filed a claim with insurance and the same contractor is now fixing that damage and getting paid through the insurance via me. Now, the tenants hired a lawyer and requested back their money which is around 4k. We agreed. This whole process has costed me around 4k in out of pocket expenses including the tenants hotel stay and processing fees. The work is almost complete and I will be talking to the contractor tomorrow. My question is, if he refuses to give me the money, can I withhold the money that insurance gave me to give to him for the completion of the job? +Yes I understand we’ve had several days of major market indices decline, some speculative stocks in particular take heavy hits, but it just feels overwhelming the consensus on Reddit and The Web is that this is, “the bubble popping”, or “massive correction”. Thoughts, please. +We're all being hit by increased energy prices but had an email from Shell the other day saying costs will go up again 1st April but almost fell off my chair when I saw the standing charge almost doubled for electricity. + +From their email... + +>Your electricity rates will change from 21.180p to 28.289p per kWh and your standing charge per day will change **from 24.86p to 48.14p**. +Your gas rates will change from 4.174p to 7.443p per kWh and your standing charge per day will change from 26.11p to 27.22p. + +My fixed rate ended in January so they put me on their Flexible 6 tariff which is ~£908/yr (gas & electric - was previously ~£580/yr) but now the new Flexible 7 in April will go to £1,328/yr! Pretty crazy for a 1 bed bungalow. + +Are other people getting this much of an increase in their standing charge? Just wonder if the other big players will offer this amount as well... +Apologies for what is most likely a morbid sounding post but I have my planning head on at the moment and I’m trying to formulate a shirt to mid term plan. + +Due to medical reasons it’s highly likely I’m not going to make it to retirement age. + +My main focus is to do as much as I can to provide for and secure my families future for when I no longer can. How can I do this best? + +Are pensions still the best/most tax efficient option? What happens to a private pension when the holder dies before they reach an age where they can access it. For a final wrinkle, what if the beneficiaries are under 18 at this time? +Apologies for what is most likely a morbid sounding post but I have my planning head on at the moment and I’m trying to formulate a shirt to mid term plan. + +Due to medical reasons it’s highly likely I’m not going to make it to retirement age. + +My main focus is to do as much as I can to provide for and secure my families future for when I no longer can. How can I do this best? + +Are pensions still the best/most tax efficient option? What happens to a private pension when the holder dies before they reach an age where they can access it. For a final wrinkle, what if the beneficiaries are under 18 at this time? +Here were the main metrics from the Bureau of Economic Analysis’ (BEA) advance Q2 GDP report, compared to consensus estimates compiled by Bloomberg: + +Q2 GDP annualized, quarter over quarter: -32.9% vs. -34.5% expected vs. -5.0% in Q1 + +Q2 Personal consumption: -34.6% vs. -34.5% expected vs. -6.8% in Q1 + +Core Personal consumption expenditures, quarter over quarter: -1.1% vs. -0.9% expected vs. 1.7% in Q1 + + +Not really surprising but still a bit unexpectedly bad... + +And with China GDP grows 3.2%; China has officially taken the first place in GDP ranking +My wife and I are gearing up to start our debt pay off journey, where we will attempt to tackle $15k in CC/Loans in 2019. With that said, per my research, we spend about 21% of our income on groceries/eating out and are hoping to cut that WAY down. I am aiming for $50 or less, per week, and only plan to eat out on SPECIAL occasions, maybe as little as once a month or less. + +&#x200B; + +I have always HATED shopping at Wal-Mart, but their prices are so hard to beat. Now, with free grocery pickup, we are strongly considering doing all of our shopping there. With that said, there is literally an Aldis right across the street. + +&#x200B; + +To those who shop at both, which do you prefer? Do you shop at one for some item and the other for other stuff? Why do you prefer one over the other? What are your go-to things to buy there? + +&#x200B; + +I'll note that we understand the basics; buy in bulk during good sales, get frozen veggies, and meal prep. "Beans and rice, rice and beans" - Dave Ramsey + +&#x200B; + +r/povertyfinance, what do you think! And Happy Holidays to you and your family!! +I know, all companies intent to make profit and are shady in one way or another but there are definitely some companies that are shadier than others. How do you feel about the support you provide by buying its stock and driving the stock price up? Personally, I feel conflicted about buying into Amazon or energy companies. Has this ever stopped you? + +Edit: TIL r/investing is comprised of 70% edge lords +I feel like even with good things happening such as the stimulus and a potential raise in the stimulus amount, just because it’s Dec. 29th the last day you can sell for a tax loss that it should be expected to be a big red day. This is my first year trading but is it not blood red on this day every year? +A few months back, there was a dude who invested $8K into a memecoin and ended up being worth around $5.7B (which obviously he couldn't cash out without destroying the market and lowering the price). + +Anyway, I wonder how he was able to HODL till it has reached that price. Did he just forget about it? Lost the seed? + +I would have sold at 16K, 100K, 1Mil, but definitely could never hold until it's billions. + +How do people do it? + +Everyone saying they wish they bought Bitcoin in 2011, would never have held till today. + +**When would you have sold? How do you know when to take profit and when to wait? Is it just pure luck?** + +*Reposting without the coin's name because it's not the point* +There are a lot of people who buy and only HODL your coins and tokens. This post is for those of you that do. + +What is staking? + +Staking is a mechanic where you lock up your cryptos and generate passive income as you are helping to secure the blockchain through said mechanic. So you don't have to do anything and you can generate passive income through staking. This is just like interest in banks but only with much better APY. + +Let's say I have 32 ETH and I am staking them for a 6% APY. + +So 32 ETH x 6% = 1.92 ETH + +That gives you 1.92 ETH for free by staking every year. + +There are many coins that let you stake. BTC doesn't let you stake but you can lend it out to generate some passive income. Generally, the APY for staking is around 5% give or take. Some provide more some provide less. If you are HODLing anyway, why not let your crypto make you more crypto. + +That's a win-win. +I made a comment yesterday on a post that did some technical analysis on GME, and several people asked that I turn that comment into a post, so here it is. + +Obviously I'm going to start by saying all of this is based on my opinion of what needs to happen to spark the squeeze. + +**First, the comment as it was:** + +*I've seen lots of bullish TA on GME. Keep in mind, ALL TA requires volume to play out how it should. We haven't had any volume on GME in over a week. + +Holding shares simply isn't enough - needs constant (all day every single day) buying of shares and IN THE MONEY options. + +If you buy options that are 20-30% in the money they literally can't price pin because they can't get and keep the price 20-30% below current market. So you force immediate share buying by market makers to hedge, and virtually eliminate their means of counter-attack which has been price pinning at the point of maximum pain (price at which most contracts expire worthless). + +If you are intending to help push the squeeze, buy shares throughout the day every day. If you are playing options, mostly buy calls in the money. If you're buying OTM calls, buy as close to current price as you can afford. The more imbalanced OTM calls are, the more they're just going to price pin at maximum pain. They literally cannot do this if there is a ridiculous amount of new ITM call interest that they have to buy shares to hedge.* + +Essentially, we cannot rely on normal technical indicators for movement with Gamestop. There are two major reasons. + +1. Manipulation. We cannot do anything about this really, aside from buy and hold. Technicals actually have a tendencies to work in reverse when a stock is being manipulated at these levels. The shorts, while stuck in a stupid position, aren't stupid. They know when the TA is indicating a bullish setup, and that is the best time for them to attack the stock to break the setup. + +2. Volume. All technical setups require volume to play out. If volume doesn't follow, the technical setup fails and the price action is unpredictable. Except in this case, it goes down because it's being shorted at every chance. + +So what do we need to do? Hold? Yes. But that can't be it. If we are doing nothing but holding, this will be a stalemate that they will probably win as sections of retail gets bored or impatient. They can literally hold us in a stalemate for months/years if volume never shows up to move the price. *Yes, they pay more interest the longer they have to wait. They'll just manipulate other sectors of the market to force gains and cover their losses unless the SEC steps in to stop market manipulation.* + +#Volume + +Without volume, there is no endgame. Look at every day we've had spikes. Look at the volume. Now look at the past week or two. We aren't making progress because nobody is buying shares, aside from some whale algos that are simply fighting off the short attacks. Believe it or not, the whales do need retail support to force the squeeze. The whales are the ones creating momentum from time to time. If it catches on, they can follow it up. But if they just go all out to create a surge and nobody follows behind them to buy, they are literally risking billions of dollars to fail. + +This thing will likely happen in waves over the course of a few days. If you look at any day, there are surges in buy volume, but they're short. That's likely a whale, testing the market. If they see confirmation/follow-up from the market, it's less risky for them to send a second wave of buying pressure. So it will be something like, whale buy, retail confirmation buys, whale buy, runaway effect, gamma squeeze and then finally short squeeze. All of those things have to happen consecutively, fluidly and fairly quickly to beat any kind of counter attack. + +Now this is going to sound counterintuitive, but in order to catalyze the squeeze, we have to stop just buying the dip. When volume picks up and the price is spiking, that's the most important time to buy. That's the point when additional buying pressure is most important. And until the retail market confirms pressure on one of those spikes, we are going to keep bouncing back and forth. + +#Options + +The other side of the coin is options purchases. **Stop devoting the majority of your capital to far OTM lotto tickets.** This helps the short positions, because it forces the market makers to help the shorts. Market makers that sell call options have to hedge their risk. When you buy an $800c, it does two things. + +1. They don't have to buy very many shares up front to remain risk neutral. + +2. In incentivizes the market makers to pin the price. + +You can do some additional reading on max pain price in options, but it is essentially the closing price at which the largest number of options expire worthless. When you buy OTM call options, you're increasing the maximum pain price, which makes it easier for market makers (and shorts) to pin the price there. + +If, however, you're buying a ton of ITM call options, you're doing two things: + +1. Deep ITM calls have a delta of essentially 1.00. This means that in order to remain risk neutral, the market makers essentially has to buy 100 shares immediately upon selling you the contract. + +2. It lowers the max pain price by creating an imbalance towards lower strikes having the most OI. This means in order to pin the price at max pain, they would need to drop it from it's current price. + +Not only do you force market makers to be risk neutral immediately (meaning they don't care where the price goes), you also force them to immediately put buying pressure on the stock price. + +If you must buy OTM calls, buy ones that are at least closer to being ITM. The further OTM you buy calls, the more likely the price will go sideways. You can also sell calls and roll them into higher prices to remain leveraged as the price increases. Once it achieves a runaway squeeze, which will be easy to identify, you can start buying your lotto tickets. + +Tl;dr: In my opinion, if you want to help catalyze the squeeze, you need to buy shares when the price is spiking and buy calls that are at least 10-20% in the money. + +💎🙌🚀🌖 +No, this isn't like Indecent Proposal, the movie. + +I grew up on a ranch which has been in the family for 100 years. For my mother, aged 72 and me, aged 49, it has also been our place of work. My only other sibling is 46 and lives off the ranch. + +We have an opportunity to sell about 80 percent of the place, keeping about 1200 acres around the homestead. To avoid the large capital gains we are looking into a 1031 exchange for a NNN property, yielding over 6-7 percent. (Think national chain leases, like Walgreens). + +This would beat the current grass income yield by 3 times. Plus, no worries about drought or cattle market fluctuations, which are substantial every 6 to 8 years. + +The other wrinkle is that there is an opportunity here that may not be around in another few years. Ag producers are highly liquid due to recent commodity prices, but that tide could change, dragging land prices with it. + +This would be a huge change for all of us. We've already done a 1031 exchange with the farmland (which was a distant landlord thing for us....not very emotional). Selling the home place, in addition to the previous tranaction would provide a comfortable passive income stream for all 3 of us. At mom's passing my brother and I would split around $40,000/month. + +I've never done anything else, career-wise. I do have some rentals which I would easily be able to pay off. That would add about $4000/month to my income. + +Any advice about separating emotion from the equation would be helpful. + +TLDR; Sell ranch and retire, or keep going and live with the risks. +https://imgur.com/ZBaOGJj + +I started budgeting when I got my first job out of uni at the start of 2015, and have kept it up since (with a little inaccuracy, but no more than a couple of %). + +For the first 4 years I was fairly low pay (started 20k, ended 23.5K) and lived with my parents. Last year I got a better job at 28k and moved into a shared house earlier this year. + +It's averaged for each quarter rather than showing the month by month data, simply because it's so inconsistent month by month that it's very hard to read. + + +genuinely curious, I hold a lot of crypto, all my money goes into it so I believe in it. but i'm wondering how it solves inflation. + +if in a billion years bitcoin becomes the world's common currency, what guarantees that it won't have the same problems fiat has in terms of inflation? +Read this article this morning and thought it would be interesting to share here (I know some of us take this into consideration when we choose where to bank!) + +https://www.wired.co.uk/article/revolut-trade-unions-labour-fintech-politics-storonsky +$CLF will be the next $WISH, $CLOV, $CLNE. Call volume and underlying price action is forming the similar ramps to how those stocks began. **If you got in at this stage for those stocks, you would have 20x+ your money in literally a few days**. + +(My APE positions that are already free money) + +https://preview.redd.it/sqo0min499471.png?width=1562&format=png&auto=webp&s=be8efc1ae04809fb0585f8d527b99baf254931da + +&#x200B; + +[500 shares](https://preview.redd.it/5dvltm6op9471.png?width=990&format=png&auto=webp&s=a9dde77de92277b30fe3fbd11825e83b33021e93) + +A combination of **high short interest, low float, increasing call volume** and **volatility expansion** (leading to IV expansion) will force Market Makers to delta and gamma hedge and shorts to capitulate themselves into a death spiral. + +**All signals are GO. It's a fucknado powder keg about to explode.** + +What will happen next? If you look at the 1min chart, $CLF is primed to break the $21.50 price resistance 6-year-high, and afterwards **there will be no reason for anyone holding any $CLF for the past 6 years to sell**. **This is the same story as $WISH:** + +&#x200B; + +https://preview.redd.it/gn6p9zg1f9471.png?width=1604&format=png&auto=webp&s=93945ebc09138c4c046412f329a4297fd2bbd690 + +&#x200B; + +https://preview.redd.it/nruq8ds7f9471.png?width=2388&format=png&auto=webp&s=4f588e4cb12c35164abf06202eaabeafe92e4f8f + +The IV expansion of all existing strikes will cause MMs to overhedge, **making the options market weigh more on the underlying market**, and as strikes become in the money the price action becomes a self-perpetuating feedback loop. In fact, Market Makers tend to LEAVE after meme-ification of a stock, **decreasing the float even more, destabilizing price resistance** while demand skyrockets. + +The ultimate reason why this is a great fundamental play? **It's not even a shitty MEME company**. It has great fundamentals and is one of the greatest beneficiaries of our inflationary environment-- **the steel shortage is a powerful macro trend** that's increasing the cash flows and fundamental value of the company, and the leadership is one that will use this macro trend to reinvest, balance their balance sheets, and prime themselves to increase their dominance in the iron/steel industries. + +&#x200B; + +Not financially advising anyone that the price target is $35+ + +FOMO on the WSB rallies of June? Now's your chance. +Thanks to some other apes, I read the Financial Stability Oversight Council [2021 Annual Report](https://home.treasury.gov/system/files/261/FSOC2021AnnualReport.pdf). While the [Press Release](https://home.treasury.gov/news/press-releases/jy0541) mentions cybersecurity issues, some retail investors might be more interested in the *un-*highlighted parts of this Annual Report. I'll highlight some for you and then translate into English. + +[Financial Stability Oversight Council 2021 Annual Report \[pages 174-175\]](https://preview.redd.it/9ood4wbjtj681.png?width=1100&format=png&auto=webp&s=d3c16020da1cf3b7ab30ac8d29b1d3611d5c6438) + +"However, **some emerging vulnerabilities may have been highlighted by the January 2021 episode of market volatility, which involved heavy trading in certain equities, including GameStop** Corp., that were discussed widely on social media." + +The Financial Stability Oversight Council is saying that GameStop and other stocks revealed new issues in the market. Interesting... + +While they go on to say that the January spikes didn't have any systemic problems, "sudden asset price movements unrelated to fundamental news could represent a vulnerability". Which basically means they still think GameStop is worth zero, but .... If the stock price were to get squeezed, that could cause problems. Especially if the squeeze "lead\[s\] to cascading impacts by causing asset liquidations or putting stress on financial institutions." + +Basically, if GameStop (and possibly other stocks) squeeze, there could be instability due to asset liquidations (e.g., margin call, bankruptcy, etc...) that would create problems for financial institutions. + +[ELIA: Financial System](https://preview.redd.it/w24ljwfmzj681.png?width=2282&format=png&auto=webp&s=0e2c11654ba82e71ad8d0c1da025c4012ad37f39) + +>"This episode raises the question of **how social media coordination compares to other more traditional forms of coordination** that existing policy tools are designed to address." + +Now that's a loaded statement. + +* This statement starts by ***incorrectly*** accusing retail investors of coordinating over social media. +* Everything retail investors have learned from "this episode*"* suggests "**traditional forms of coordination** that existing policy tools are designed to address" are **acceptable**. It's hard to come to any other conclusion given the lack of policy changes and unenforced regulations over the past several decades *despite* multiple parties raising concerns. We are experiencing 2008 all over again because ***nothing has changed***. +* ***Comparing*** "social media coordination to other more traditional forms of coordination" allows tailoring new policies to address ***unacceptable*** "coordination". By looking for similarities between what's traditionally been allowed and what retail investors have been able to exploit, they can close *just those loopholes.* **What about all the traditionally available loopholes that retail hasn't caught on to?** Those are conveniently ignored by this statement. + +If retail investors buying, holding, and registering their shares into their name creates financial instability possibly resulting in sudden asset price movements leading to cascading impacts with asset liquidations and stress on financial institutions, it seems to me that the problem is neither with retail investors nor any alleged social media coordination. Failing to address the root cause of any vulnerabilities will only ensure another financial instability crisis. +I’m currently working as a Software Development intern for a startup. My boss (CTO) said that if I dropped out of school next semester, they could offer me a full time job making 80k salary + equity (I make $20/hr currently with about 20 hours a week). I would still keep my current job if I didn’t drop out and go full time. + +I’m currently a junior in school, and have scholarships to bring tuition down to a little bit under what in-state tuition would be (I pay out of state). I could potentially differ my scholarships, though I’m not sure how worth it that would be (or if I could even do it). + +Does anyone have any experience doing this? Did you have issues getting a job or getting more compensation because you didn’t have a full degree? Any help or thoughts would be greatly appreciated! + +Edit 1: A lot of people have suggested going to school for 1 or 2 classes, and just take the job. I would do it, except my scholarships (20k a year) require me to be full-time, so I would end up paying a lot more for just the 1 or 2 classes than I would be paying as a full-time student. My tuition is 25k a year before my scholarships, just for reference. + +Edit 2: I think I’m going to stay in school (like a lot of people have suggested). I want to have more options than this, I’m not sure I could get myself to go back to school, and I’m not sure I want to take the risk that I’m out of a job and my scholarships in 3 months if the company goes under. +Her departure isn't good news for Twitter investors. The firm has spent the past year-plus fighting the notion that it can't control its own narrative, a factor that some believe to be responsible for its slumping stock price. +In Peter Hanns [article](https://www.linkedin.com/feed/update/urn:li:activity:6820742822866493440/?commentUrn=urn%3Ali%3Acomment%3A(activity%3A6820453964262318080%2C6820742797671317505)) on Citadel he says "I am told [\#Citadel](https://www.linkedin.com/feed/hashtag/?keywords=citadel&highlightedUpdateUrns=urn%3Ali%3Aactivity%3A6820453964262318080) employs a team of psych Phd's to design price moves designed to drive retail interest away. The media attacks are clearly not working..." + +We have all see psychological manipulation on r/Superstonk since it started. We've seen it in shills, FUD and some sketchy stuff that is hard to even believe. If Hann is right then BUY and HODL is the perfect and only strategy we need. Buy and hold we win. It's just a matter of time. +Hopped on the BTC train early 2018 after the new years boom of 2017. Of course i regret not jumping on much earlier but i apaprently needed some convincing. + +When the price fell in march during covid i realized this was the lowest price iv'e seen in a long time and decided to go for it. Looks like i was lucky to get a small chunk at 5500$ and now i'l just have to DCA my way to more coins. + +I'm in it for the long run. Let's all HODL hands. + +&#x200B; + +EDIT: Thank you so much for the gold award anon! Much apreciated <3 + +EDIT2: Very thankful for all the awards and luv!<3 Was not expecting so much response. +I feel like I got screwed over by GE’s reverse split. The split at 1:8, but my calls were adjusted at 3:25. What used to be 100 shares at a $14 strike should have become 12.5 shares at $112, but actually has now became 12 shares at $116.67, which on a pre-split basis is effectively 96 shares at $14.58. I understand adjusting options for the split and it makes sense they wouldn’t want contracts for 12.5 shares, but with a low vol stock like this they just made my contracts a lot less likely to go ITM. Would have preferred a more conservative adjustment of 13 shares with a $107.69 strike (pre split 104 shares @ $13.46). +Anyone know why they chose to adjust in the riskier direction? +Details below. + + +-------- + + +- This letter is the latest of many sent to the Trump administration by Tariffs Hurt the Heartland, the national campaign against tariffs supported by more than 150 trade groups representing agriculture, manufacturing, retail and tech industries. + + +- Sources have told Reuters there has been little preparation for a meeting even as the health of the world economy is at stake. + + +- Additional 25% tariffs on $300 billion in imports, on top of those already levied, would wipe out more than 2 million U.S. jobs, the letter said, citing estimates from international consultancy the Trade Partnership. + + +- They would also add more than $2,000 in costs for the average American family of four and reduce the value of U.S. Gross Domestic Product by 1%, it said. + + +-------- + + +Source: + +https://www.reuters.com/article/us-usa-trade-china-tariffs/over-600-u-s-companies-urge-trump-to-resolve-trade-dispute-with-china-letter-idUSKCN1TE36K?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+reuters/businessNews+(Business+News) +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Check the main page for the sticky post and vote now! + +**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) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +Both tweets were the last day of the month after voting was finalized and probably audited. His second tweet at the end of the month is to tell us this is not a coincidence. + +Just my opinion. But If true the stock will have to be bought 10x over at whatever price we set. Something is coming, we can all feel it. My tits are gonna bleed off before the 14th if something isn’t announced over the next few days. + +Either way this is going to be a long great weekend! What a great way to fuck up the SFH’s weekend! +Can’t wait to see the fireworks on the fourth, and the fireworks the day RC decides to drop kick the nuke launch button. + +Edit: I added this is in the comments but wanted to add it here. By biggest confirmation bias is the fact that gamestop sold 10 million shares on two seperate offerings in the matter of days on low volume. We don’t know the exact timeline but I’m guessing it was better than a million shares per day. So we’ve had non stop buying for 6 + months, not to mention what was bought before all this started, plus what was bought in the run up January. Just quick simple dirty math says there are lots and lots of shares sold = Godzilla +This is for all of you who were totally not on track to FI (perhaps you were even careening full-speed away from it) until something important happened and made you change your behavior. What was it for you? +What is even more amazing for Ethereum is that It has reached ATH of $2,716 (at Binance) + +Ethereum also gained a considerable amount of value compared to BTC trading for 0.04879 BTC / ETH at peak + +Congratulations to all Ethereum holders! +Just curious on what are good talking points with Algo traders? I'm thinking of networking this summer and don't want to ask any unneccessary or rude questions i.e. what is your trading strategy? + +Would it be alright to ask what financial instruments they trade, and some information about their firm? + +Also would it be useful to bring a few of my strategies and discuss about them? + +Thanks in advance +I have been making steady gains over the past year doing spot trading based on technical analysis. Has anyone been able to successfully convert a TA strategy from the spot market to the futures market for amplified gains? +Can we take this as a community-wide lesson? It embarrasses me that this guy is all over our subreddit. This is supposed to be a place for traders and retards attempting to be traders, not for trader roleplay. I'm not under any illusion that we're all pros or anything, but come on. + +You should be here because you want a yacht or a nice house and want to make wallstreet pay for it, not because you enjoy watching the trading version of WWE. + +You guys need to be more skeptical. He played you like a fiddle for attention and notoriety. You gave him exactly what he wanted. You think you're pointing and laughing at some retard but you got taken for a ride and he got the attention he wanted. You are the retard. + +It's *really* easy to be retarded and lose money. You're not "doing it right" when you post massive losses and go "hurr am I one of the boys now"? It's like a bunch of morons saw some traders comparing battle scars and decided to cut themselves so they could join the conversation and get attention. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +This probably won't be a very popular post, but I feel as if it should be mentioned anyway. I haven't been posting/lurking in any of the FIRE subs lately because I've been busy battling cancer for the majority of the year. I'm only in my 40's, but like my spouse has said, nobody ever expects to get cancer, so it's a real shock to everyone who faces it. The reason I'm putting this out there, is that it's crazy how your perspective on FIRE changes when you are fighting for your life. Don't get me wrong, I still hope to successfully FIRE after a few more years. But I realized that the old cliche which goes something like, "if you don't have your health, then you don't have anything" certainly rings true. Nobody is invincible. In a scenario like this, money and financial plans become much less meaningful in life. Maybe my Mom and Dad were onto something back in the day when they used to say that your health and happiness is more important than money. This was my first point. My second point, is that we shouldn't forget to budget for healthcare emergencies in our FIRE plans! Best of luck, and take care. +Nikola's $36,000 quarterly revenue was from solar installation for the chairman + +https://www.cnbc.com/2020/08/05/nikolas-entire-quarterly-revenue-of-36000-was-from-solar-installation-for-the-executive-chairman.html?__source=androidappshare +For the newfriends, this is our far-too-frequent group prayer thread as we beg the tendieman to return. + +These generally come about when we have 3-5% losses in large companies, as such moves will usually wipe out the portfolios of anyone holding FDs... which is a lot of you. + +[Pleas fly again](https://www.reddit.com/r/wallstreetbets/comments/kccpoi/found_this_on_twitter_how_fucked_is_he/). + +Edit: + +The market, believe it or not, is bigger than GME. There's a lot of exciting things happening today worth talking about. + +Edit 2: [GME Megathread](https://www.reddit.com/r/wallstreetbets/comments/lqj165/gme_safe_space_megathread_for_february_23rd_2021) +I find Ben Thompson to be one of the smarter observers out there. + +He says ... + +"There are five myths about Meta’s business that I suspect are driving this extreme reaction; all of them have a grain of truth, so they feel correct, but **the truth is, if not 100% good news, much better than most of those dancing on the company’s apparent grave seem to realize.**" (emphasis mine) + +What do you think about his hypothesis and debunking of META myths? + +Does this in any way change your opinion on investing in META? + +Source: [Meta Myths](https://stratechery.com/2022/meta-myths/) + +Disclosure: I own a handful of META shares +Hey guys! I was wondering if any of you risk-takers have any microcap (under 5 million) marketcap cryptos you have been looking at. Even many of the coins here have caps of over 50 million, and thus I don't believe are true moonshots. Rather, I am looking for something with the reasonable potential for a 100x or more within several months, which is only feasible with microcaps with market caps under 5 million. I have a small list here: + +CCO- Sub 2 million MC with planned beta coming out soon, very new coin active devs on chat. + +EGOLD- 3 million MC with revamped roadmap and active devs, focused on lending and esports. + +YTN- Under 2.5 million MC with a unique algorithm and strong mining community behind it + +However, I find discussion on these microcaps hard to find. Please share your microcaps, and potential 1000x's! I am open to discussion and sharing more research and methods as well! :) + +She has gone silent ever since this whole thing exploded. Furthermore, according to CNBC today: + +Howard Fischer, a former Securities and Exchange Commission lawyer, told CNBC, “Given the speed of the government complaints and the indictment, it seems likely that former FTX employees (most likely those in senior positions) were cooperating with the authorities, most likely in exchange for leniency.” + +“With a large case like this, there is often a rush to be the first one in the prosecutor’s door, because the value of cooperation diminishes rapidly if all you can offer is a duplicate of what the authorities already have,” said Fischer, a partner with the law firm Moses & Singer. + +Fischer, referring to former Alameda CEO Caroline Ellison, said, “While it is not known yet if that is the case, or who might be cooperating at this point, I would not be surprised if Ms. Ellison was one of the first person’s seeking to help the prosecution.” + + +Tbh it doesn't surprise me if true. Besides, SBF has already taken a few shots at Caroline, probably because he already suspectes of her collaboration. + +If true, SBF will take the heat and she will walk out free for the most part. Although seeing SBF get prosecuted for his fraud feels good, I will be mildly annoyed if she gets to live the rest of her life as if she didn't willingly screw over so many peoples lifes. + +Edit (from CNBC): Caroline own lawyer is the former co-head of SEC’s Division of Enforcement, and she knows how the system works and how to work it to her client’s advantage. +Help me out here, but isn't the value of gamestops assets and cash worth roughly 40 bucks a share? + +Usually companies valuations do not go that low. At this point barely anything is baked in to the price. But if it gets lower we are basically buying GME at prices where the "market" values it in a way that sees NO or negative growth in the future. + +What does GME do in revenue per quarter? 1B? So 9B valuation with 4B revenue? So we are trading at 2xsih revenue right now Forget the squeeze play this is getting cheeeap from a different stand point. Please correct me on these numbers +First off, please forgive any revealed ignorance here; I took the econ classes as part of an MBA and mostly stayed awake through them, but I do not claim to be an economist. + +That said, my question is pretty simple. Looking at the US economy from a business perspective, it really seems like there is no remotely feasible way that this ends well. The data points that lead me to that conclusion include: + +- Staggering levels of national debt that is only growing due to continued budget deficits. As it stands now, the national debt stands at over 100% of annual GDP, and that figure is only growing as the deficit remains huge. +- An aging population with a massive segment of the population preparing to retire and begin collecting social security for an average of 13 years each (benefits begin at 65, average life expectancy is 78). +- Crumbling infrastructure after decades of insufficient funding and maintenance throughout the country. +- Governments from municipal to states in financial disarray. +- A population grown completely accustomed to a resource-intensive, globalized lifestyle relative to that enjoyed by almost any other country on Earth. +- And finally, the combination of the game of economic dominoes unfolding in Europe and a slowing Chinese economy. + +Truthfully, I don't see a way out of this that doesn't involve economic upheaval on a scale that would make 2008 look like boom times. That belief colors not only my investment habits (non-inflationary commodities, real estate [not mortgaged], metals, etc) but also a lot of my personal habits (placing an emphasis on self-sufficiency, durable goods that deserve the name, voluntary simplicity, etc). + +So if someone can make a compelling case for why we're not destined to drive over a cliff in my lifetime (I'm 33), I'd love to hear it. + +TL;DR- Looking for someone who doesn't think a US economic meltdown is a foregone conclusion and some explanation as to why/how. +Dear people from the redditzone, +at first i want to say hi to everyone and gave a big thanks to the community. Many of the posts that can be found here gave me a new perspective in my subjects of interest, or at least makes me heartfully laughing !-) +I ve decided to be a part of this community because i have to talk and hear people that are living in the same sphere like me. + +like the title says, I ve make a big ( some may say insane) step in my life. I ve quit my dayjob for Cryptos ! + +A couple of years ago i ve heard for the first time from Bitcoin, another short time wonder to get the money from the stupids i ve thought at this point. But a few years later i realized : it isn t a short, mid or long time wonder, it has the potential for a real revolution ! And i dont mean only the bitcoin, it s the tech that comes with it. So i started studying and researching anything i could find about it. I m getting deeper and deeper in the Cryptosphere and the more i read the more i want to be part of this. + +About six or seven month ago i ve made my first deposit below 1000 dollars. I ve said to me i put all my freetime in it, and look whats possible. At this time i was a fulltime industrial electrician (in the mid twentys). I ve got a nice income, a nice flat and a "safe" life. +A few months later i make a conclusion about my trades. I realized that i ve earned a gain of nearly 2000% of my initial investment. +Suddenly anything was clear for me, i ve moved to a smaller flat with less monthly costs, bought reasonable Tech for trading and finally quit my dayjob. + +My strategy is simple i think : 30% of my Portfolio for Shortterms 20% for midterm trades to feed the running life costs, the other 50% are longterms ( at least 1 year, and no, i m not dreaming of a Lambo!-). +At the moment i am writing this i make between 450-1000 dollars a week. This is a little less than ive earned as electrician, but the value of every % that my Portfolio growth is inreasing from week to week. + +I m glad to speak this out of my mind. The "real" people in my life can not understand the step that i ve made. +So, if you read through this long text, and got some words, thoughts or ideas that you want to share with me please feel free and speak them out :-) + +annotation : English isn t my mothers tongue, so excuse eventually mistakes + +best greetings +Hi folks - is there anyway to stop getting letters every time you buy and sell a stock from computershare or whatever it’s called? It’s such an unnecessary risk with all your holding details contained in each letter. I’m with NabTrade if it helps. +Thanks! +Just received a reply from ComputerShare customer service. Hope this helps a few people. + +For those with ETFs that have international investments I'd use the official statements over Sharesight as Sharesight can be inaccurate. Sorry I didn't ask for Betashares but you can contact ComputerShares customer service for a date. +"Vanguard forecasts a deep global recession as the effects of the ‘one, two punch’ of simultaneous supply and demand shocks, take hold. On the supply side, the temporary closure of many factories will see a sharp decline in the production of goods and services. This will correspond with a decrease in global demand, as people are confined to their homes except for only the most essential of outings and purchases. + +"The combination of the above should lead investors to expect the unexpected and fuels our belief that the coming recession, while possibly being the deepest we have experienced in modern times, will be of relatively short duration, with Figure 2 showing the trough occurring in Q2 under our baseline scenario." + +Source: [Vanguard Quarterly economic and market update, Mar 2020](https://static.vgcontent.info/crp/intl/auw/australia/documents/resources/adviser/aa_summary_b2c_mar2020.pdf?sf233720334=1) +I live in a house I own in the suburbs of Sacramento, CA. I accepted a job which will move me to the suburbs of Salt Lake City, UT. For the last week I have gone back and forth on whether I should sell the house or rent it out. I believe all the relevant information is as follows; + +&nbsp; + +**House Information** + +* 1650 sq/ft + +* 3 bed 2 bath + +* Location is a 10/10. + +* Best school district around + +* Located in the middle of the street with Elementary school and park at end of street + +* Less than 10 minutes from Mall, all the major shopping and restaurants and multiple Gyms and the Hospital + +**Mortgage Information** + +* Purchased in 2011 for $250K with 20% down (fix loan for $200K @4.25%) + +* $180,000 left on Mortgage + +* $1474 monthly payment ($984 principle/interest @4.25% + $68 insurance + $415 tax) + +* My potential real estate agent values the house between $410K and $440K + +**Property Management Information - Looked at and met with a few** + +* Rent house for $2000 + +* To fill vacancy will cost 50% of one month's rent ($1000) + +* 6.5% monthly expense when rented ($130) + +* Locked into 1 year contract + +* More for evictions or when house needs work done + +**Concerns & Misc** + +* If I sell now my understanding is that the profit will be tax free + +* If I were to rent and sell after a few years I would owe taxes (which a rough estimate puts it at $50K) + +* Real estate agent suggest 2.5%/2.5% costing about $20K to sell + +* The bank approved me to buy a house for up to $450K in Utah with a 20% downpayment. ($360K loan) + +&nbsp; + +This would be my only rental property. If I rent I think I will be left with over $3K a year to deal with issues that come up with the house. I'm having a hard time weighing the benefits of renting vs selling in this case. My Father owns property in the Phoenix, AZ area. He suggested selling this house and using some of the profit to leverage a property in AZ where property tax is much less. If I were to put it all in the stock market I would mostly likely invest it all into VFINX. I'm looking for any insight or help to understand and identify if one option is a better investment. + +&nbsp; + +If there is information I have left out that would be helpful please let me know. If I can do anything better to read/format the information please let me know. If I'm breaking any rules or this would better belong in another sub please let me know. Thanks and I appreciate any and all help. + +&nbsp; + +**edit**: I'm wondering if anyone has a more numerical analysis they could offer (I know that's a lot of work though). If I sell and invest $200K in the market at 5% compounded, it would be worth about $650K in 25 years (about when the house is paid off). If the rent stays at $2000/month minus property management fees I'm looking at bring in around $20K a year. 5% of $650K is over $30K a year. Is 5% a conservative estimate? Can the tax benefits of owning the house for 25 years outweigh my simple analysis? Is this the correct way to try an evaluate the decision? +The title basically sums it up; this has been pretty annoying in the past, and I just saw another example of it recently (as in, right now) with 1K+ upvotes. This type of posting is purely karma-whoring and it pollutes the superstonk feed while adding zero context - and rather, it is misleading - by omitting dates. I surely can't be the only one this drives bananas? +About two weeks ago I posted here regarding my financial relationship with my now ex-gf. [Here is the previous post](https://www.reddit.com/r/personalfinance/comments/3e2ogk/i_am_debt_free_gf_is_not_and_plans_to_buy_a_house/) + +I did not break up with her, however one week after the big talk she broke it off with me. Unfortunately she lied about the reasons, saying we weren't spending enough time with each other and making each other a priority even though I know I had made an attempt. + +I know this isn't /r/relationships so I won't go any further down that hole. Basically take advice from my experience and treat finances just as important as any other aspect of your relationship. If you don't it's going to cause disaster. While my heart is broken I know by the fact that she refused to change her habits and lied about the reason she wanted to break up that the relationship was not going to work. Thankfully I lived and learned here and because the ending was inevitable it happened at the best time it could. + +Thank you PF. I was very appreciative of your advice and thank you for warning me while not going into panic break up mode. You did well here and I know I won't be the only one asking this. Saying it's a red flag is way better then hitting the panic button and warning someone to break up. You did NOT do that and I know that approach is beneficial to everyone. + +Thanks again! +The assumption here is that you have $1m saved up and a house worth $600k that is paid off. + +You're about to retire with $40k/year in expenses (4% of $1m). Should you take out a 30 year $500k mortgage or not? It gives you $500k more to invest but it also adds $2,000 a month to your expenses. (30 year mortgage at 2.5% interest) + +I went back 30 years using real world returns and inflation rates. + +If you did this in 1992, 30 years later you'd have 50% more money by getting a mortgage. + +https://imgur.com/H16UWBF + + +OK, we all get it. Market returns are typically much higher than mortgage rates. No big shock here right? I've seen talk about lowering expenses being key to minimizing risk. Therefore getting a mortgage is a bad idea from a risk perspective. After all it's raising your annual expenses from $40k a year to $64k a year. Quite a jump. + +So now let's look at the worst year to retire since the Great Depression. The year 2000. + +Is the outcome actually better if focus on lower expenses? + +No, not really. + +https://imgur.com/bPIG1oc + +Even in this extreme circumstance where the 4% rule fails, you still go broke at the same time. + +Arguably at this point of crisis where you're trying to re-enter the job market after being retired for 20 years the "no mortgage" scenario does leave you with more home equity, but that's really small consolation. +According to [Subreddit Stats](https://subredditstats.com/list/subscriber-growth-week) r/CryptoCurrency gained +13284 new subscribers on Friday and +80484 in the last week. Second best rank of all the subreddits, first one was the dogecoin subreddit of course. + +To all the newcomers, welcome. Make yourselves at home. Once you join us, it's hard to leave (no wonder we are called a cult). + +Past week has been insane in the crypto world, so naturally things here weren't like they normally are. Your curious posts/comments may have been ignored a bit. In the weekend things are a bit more chill, so feel free to ask us anything you want. + +Oh, and these yellow cookie-looking things are called Moons, our very own cryptocurrency. Learn about them and cherish them. + +EDIT: It's now over 94k new members for the week +edit: I retract much of what I said. Read the full stimulus package. + +20% rally on news of giant stimulus package almost certain to pass. + +Sp500 is now up to 2600, down just 20% from all time highs. + +Meanwhile, what's the forward outlook? Many businesses will continue to stay shut down for months. Loans will prevent some bankruptcies, but will have a severe negative impact on future earnings as they must be paid back. + +Stimulus checks and boosted unemployment will drive increase consumer activity, but for non-essential industries that are shut down, they won't see any of that money. + +What other positive news comes after this? Congress likely won't take further action for a few weeks. Cases will continue to explode. States and municipalities will start resorting to more strict and drastic measures, as well as other countries. Then of course, there's the slim possibility that as things get much worse, Trump flips(he does often) and decides on a national shutdown, which could kill markets. + +I'm guessing the market hits the circuit breaker on Monday after a weekend of bad looking news. + +Personally, I predict market will bottom out again at 2200 in a couple weeks. When things start looking really grim, I'll buy back in. +Thanks to everyone who petitioned to have my ban lifted. Apparently one of the new mods had a power trip and went against the rules to ban me. I'm here to answer your questions truthfully, lets try to keep things civil. +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! + +If you're using ERC20 to do ICO, this should be the golden rule. You benifit from the platform, should contribute to the platform. + +EF can use the money to support base research or some critical protocal leval projects like Raiden. + +If anyone do this, I'm happy to double my contribution. + +Anyone with me? +The text was removed, so here is the initial question I asked yesterday: + + +> With many notable Ethereum-based services being developed, the token actually plays a role in the service provided. Thus, demand for the service will be the baseline value for the token. These tokens are also built into the various services and governed by the rules of the code. + +> With ICN effectively being decoupled from Iconomi, and no built-in rule set that takes the human element out of things, what is the actual purpose of this token now? + +> I understood the dividend aspect (though I assumed it was baked into the actual code - my fault). That made ICN an attractive proposition. + +> However, with the dividend removed and now that Iconomi has received their start up funds, what purpose does the ICN token serve now? + +> If the company said "screw it" and went their own way, would all the investors be left holding the receipt for their startup capital, with nothing to show for it but a no-purpose token? + +> I hope I am missing something obvious. + +Here is the link to the discussion: + +https://np.reddit.com/r/ICONOMI/comments/63j3o5/so_what_actually_gives_icn_value_now/?st=j15ksoap&sh=4b6ee496 + +This thread was met with quite a bit of down vote force for most of the day, before being removed all together. + +Just wanted to pass this along, because I know a lot of folks around here have some serious money tied up in these high risk investment opportunities. + +ADDED: This post was just removed from /r/iconomi as well: +https://np.reddit.com/r/ICONOMI/comments/63n2ql/how_is_iconomi_systemically_or_legally_bound_to/?st=j15lvvo9&sh=b9e5332b +I took a one-week night class on investing, and it was completely worth it. My teacher is a wealth advisor but only manages clients with multi-million dollar accounts. He was teaching to a class of not-even-close millionaires, so I didn't feel like it was a sales pitch like how I've felt when other financial advisors would lead seminars. He gave some pretty good advice, so I thought I'd share here. Some of it you probably know this stuff but I thought it was really good in general. + +1. Don't trust the advice of just one person (per my teacher, not even him). Warren Buffet, The Wall Street Journal, Business Week, well-known economists (well known for the industry, but not to me) have all predicted wrong. The teacher read quotes from business publications that in hindsight were obviously wrong. +2. If you put your money in a small, private investment firm, don't feel comfortable that they have a fiduciary responsibility to you. Most ponzi schemes were committed by fiduciaries. *This next part I don't really understand, but I have it written in my notes so maybe someone can clarify it*....If you're going to use a small investment firm, don't trust the financial statements provided by the firm. Ask the firm to see the statements from the financial institution where the money is actually kept. +3. Asset allocation should not be based on age or retirement date, it should be based on risk tolerance and goals. Pressuring someone in their 30s to have an aggressive portfolio when they have a low risk tolerance may cause them to panic sell when the stock market dips. Alternatively, pressuring someone in their 50s to be in a more conservative fund may cause them to feel FOMO and cause them to panic buy. The key is to try to keep emotions out of investing. +4. Investment apps on your phone may lead to worse returns. Again, keeping emotions at bay. If you see a huge loss in one day, you might panic sell. The teacher said an actual study showed that people who have investment apps on their phone tend to perform worse, but I couldn't find the study for this. He talked about the Norwegian Investment Fund and how the fund has remained consistent in its asset allocation regardless of how the market was doing. He said they do well because they don't react to panic. He spent almost an whole hour on human psychology and how it can ruin a good investment strategy. +5. The teacher doesn't really like target retirement allocation funds because the fees are higher, and you can build your own allocation cheaper if you put in the effort. I'm only writing this since I figure most people in this sub have enough interest to build their own asset allocation. +6. He praised index funds for their low cost and market performance. + +Anyway, it was a lot of good info that he crammed into 5 days. I thought it was an interesting class so hopefully these pointers help someone out! + +Edit - I mentioned the teacher gave us a reading lists, and someone asked for it. Here is the recommended reading list that the teacher gave us in case anyone wants to do more research. It's a lot more extensive than I thought and he even categorized them. + +Periodical Reading List: WSJ - Read selectively (only important stuff), Barron's, Economist, NYT Business Section Sunday Edition, Financial Times. + +For Social Security: Get What's Yours (Revised and Updated) by Laurence Kotlikoff etc (only putting first author name) + +Psychology: Thinking Fast and Slow by Kahneman and Mindset by Dweck (he said Bill Gates recommended Mindset) + +Statistics: How to Lie with Statistics by Huff and Mindware - Tools for Smart Thinking by Nisbett (he said Gates recommended Mindware). + +Beginner Reading List: + +1. David Scott's Guide to Investing in Bonds by David Scott +2. The Bond Book - Everything Investors Need to Know About Treasuries, Muncipals…(very long title) by Annette Thau +3. The Future for Investors by Siegel +4. Dividends Still Don't Lie by Wright +5. Intelligent Investor by Graham +6. Investing for Dummies by Tyson +7. Random Walk Down Wall Street by Malkiel +8. All About Index Funds by Ferri + +Intermediate Reading List: + +1. The Little Book that Beats the Market by Greenblatt +2. The Art of Asset Allocation (long title) by David M Darst +3. Invest Like the Best - Using Your Computer to Unlock the Secrets of Top Money Managers by O'Shaughnessy +4. Warren Buffet and Interpretation of Financial Statements by Buffet and Clark + +Advanced Reading List + +1. Graham and Dodds Security Analysis - Fifth Ed by Cottle, etc +2. Global Investing: The Professional's Guide to the World of Capital Markets by Ibbotson etc +3. Investment Analysis and Portfolio Management by Cohen. +Hi everyone! I know there are a lot of threads about paying off your mortgage early, but I'm not sure that they take into account tax considerations that might be relevant to fatties (or aspiring ones like myself). + +Background: I have a $560K mortgage at 2.75%, $2.4M net worth (including house that we just bought but net of all debt, including mortgage), 31M, love my job and not planning to ever retire (my wife doesn't like her job but has resisted my suggestions to retire, we bring in around $500K a year combined). I have enough cash on hand to pay off the mortgage, but generic advice seems to be to invest instead. I do have a high risk tolerance and am 100% in equities. + +BUT . . . I'm not sure the payoff is worthwhile. Our marginal rate on cap gains is 20% + 3.8% (Medicare tax) + 10% (high state taxes) = 34%. Our individual marginal rate is 37% federal + 10% state = 47%. Both these rates are likely to go to around 50% after Biden's tax reform. + +Given the cap on state and local tax deductions, the 2.75% mortgage interest is basically nondeductible (we're at or just barely over the standard deduction). So at a 50% tax rate we would need to get 5.5% (2.75% / 0.5) nominal returns in order to break even after taxes. This seems possible with equities but far from a clear win given the additional risk involved. On top of this, I wonder whether a better play would be to invest in leveraged ETFs. If those ETFs have derivative costs < 5.5%, it would seem better to go for those, since those costs are implicitly deductible (by reducing returns). However, I've found it really hard to figure out what leveraged ETF costs actually are so have no idea whether it's < 5.5%. + +Would hugely appreciate a sense check on whether these are the right considerations--thanks in advance! +Am I buying too much house?! + +Quick stats + +* 325k income last year with 275k average last 3. We are both in software sales, so there is no certainty/guarantee of how much we will make. +* 29m, 27f - married. no kids. +* live in HCOL +* $600k net worth = 200k in 401k, 200k in home equity in townhome 200k in cash or short term liquid investments +* expenses outside of housing have been around 6700 per month. + +My dilemma: + +Where we live, to get a pretty nice house in a decent area, you need to spend 1M. + +1.25M gets us very close to our dream home. Great school district, 5 beds. We plan to eventually start a family so this would be a forever home. + +Payment: $5500 with 20% down. I've never had a payment larger than $2800 so this number scares me, but if our income continues, we won't have an issue paying it. + +Is 1.25M too much house for our income? We technically can "Qualify" for 1.9M. I've run the affordability calculators and they say we'd need 200k income to make the payments, which we have exceeded. It's hard for me to justify spending this much and reducing our savings elsewhere. + +It's also hard because although we have done well the last couple of years, we are in sales and I know that nothing is guaranteed. + +If anyone has any advice on buying a dream home or has been in a similar situation, would love to hear from you! + +&#x200B; + +EDIT: + + I should have been more specific. The two options we are considering are: + +A) buy at $900-$950k. Much more affordable, feel comfortable about the payment. Would be on the cusp of a forever home but definitely potential to outgrow it, and not have all the perks (yard, pool, more space for parents to stay). Worse case, we could make it forever but the goal would be to upgrade in 5-10 years. + +B) stretch and buy a true forever home 1.2-1.3M with more space than we need now (but think we will grow into) and have the outdoor/upgrades we want. + +Projecting out our incomes, I think we are the worse case at 200k, realistically going to hover around 300-350k, and could hit 400-450k. Obviously a ton a variability. +Do any of you keep large amounts of cash in the bank? By large, I mean a significant percentage of your assets. Say, 30%+ or more than several years of expenses? I know that most people on this sub are fairly aggressive with their investing (which is great in the long run) but I wonder if anyone keeps large cash reserves by FIRE standards? If so, why? I ask because I talked to a buddy of mine the other day who has around 300k in the bank (with a net worth I'm guessing around 800k-900k). His rational was he wanted to keep open the option of buying into a profitable business if the opportunity arouse. + +Edit: He's 42. He actually had even more cash pre-divorce lol. His thoughts on buying a small business are not totally random as he has done this a few times. The reason all this came up is he went to the bank to make a deposit and the teller was shocked to see such a large amount. +**What are bonds** + +First, an introduction on what bonds actually are. + +Simply put, a bond is the "asset side" of governmental or corporate debt. When a government or corporation borrows money, the borrower now holds a liability, and the lender holds an asset, which is expected to return them their original investment (the money they lent) plus profit (interest) at some later date. A bond is basically a token that says some government or company owes you some amount of principal by some date known as the maturity date (usually 3 months to 30 years, depending on the type of bond), plus interest. Because bonds are a tokenization of debt, they can be easily traded in a liquid, open market, just like stocks. This means that the original lender does not need to be the person who is repaid when the bond matures; the repayment and interest simply goes to whomever holds the bond at the time. + +There are two main types of bonds: corporate bonds, and government bonds. + +Corporate bonds are the main way companies raise money, apart from selling shares. + +Government bonds are how the government raises money to cover budget deficits (ie: when the government spends more than they have the tax revenue to spend, they borrow the remainder by selling bonds to whomever will buy them). If nobody is buying the government bonds, the interest will go up organically due to supply and demand until people are willing to buy them. Government bonds are often known as **treasuries**, and are broken down into three categories: treasury bills (short-term maturity), treasury notes (mid-term maturity), and treasury bonds (long-term maturity). + +One of the main buyers of US government bonds is the Federal Reserve, which is the name of America's central bank. This is the entity that is able to actually print US dollars. Everyone has heard of things like how the US government recently ran huge deficits due to "stimulus spending", and that it printed the money it needed for that spending. Well, this is a slightly inaccurate picture of how it works. The government chooses fiscal policy, which means they build the budget and they set the tax rates. They are the ones who choose to overspend and run a deficit. However, they don't choose monetary policy: they cannot print money. This power was delegated by congress to the Federal Reserve over 100 years ago. + +So, when the government runs a deficit, they sell bonds to borrow the money. If the FED chooses to, it can print a whole bunch of money and then lend that money to the government (ie: the taxpayer) by buying the government bonds with it. That is how newly printed money actually gets into the economy: the FED prints it and then lends it out to companies and to the government by buying corporate and government bonds. When the FED buys a bunch of treasuries (government bonds), it is really lending out freshly-printed cash to the American people (since the government's liabilities are really the taxpayers' liabilities), and the people then owe that money, with interest, back to the FED by the time the treasury matures. + +When the FED decides to buy up the government's bonds in order to lend to the taxpayers the money that congress is spending, they are also putting downward pressure on the bond interest rate. This is because, if the FED decided *not* to lend a bunch of money to the government to cover its deficits, the bond interest would organically rise through supply & demand until other buyers (individuals, companies, foreign investors, whatever) are willing to buy those bonds. + +So, when the FED wants to keep bond interest low, they achieve this indirectly by creating what is basically artificial demand for US bonds by buying a ton of them with money that they printed at no cost to themselves. Due to how supply & demand works with debt, the more demand there is for bonds, the lower the interest those bonds offer. + +So, the Federal Reserve executes its main task of managing the US bond rate by choosing how much government debt it buys. If they want bond rates to go up, they will print less cash and buy fewer bonds. If they want it to go down, they will print more cash and buy more bonds. + +The FED is essentially a whale with the power to print money, who uses said printed money to manipulate the US bond market, ostensibly for the good of everybody. + +**The risk-free rate** + +The interest rate on American government bonds is considered one of the most important variables in the American (and even worldwide) economy. This is because the American gov is considered the de-facto safest borrower of all borrowers in the world. In other words, if I buy an American government bond, I am lending my money to the entity that is considered to have the smallest risk of defaulting in the world (maybe this is arguable, but regardless this is a premise that is at the core of the world economy; what's important is that people believe it). + +There is a concept in economics called the "risk-free rate". This is the interest you can get for lending your money to a 0-risk borrower, and should logically be the lowest interest rate you see anywhere in that economy. Of course, there is always technically some risk when you lend money, so the risk-free rate is technically imaginary. However, in practice, just about everybody considers the US bond rate (specifically, treasury bills, the US bond with the shortest maturity) to be the risk-free rate, as the risk is considered to be so low as to be negligible. + +So, if buying American gov bonds is the safest way to lend money, it means that every single other form of loan must pay higher interest. Why? Because every other borrower is considered higher risk, and for me as a lender, I will not accept less interest for greater risk. So, if American bond interest goes up, all other loan interest (corporate bonds, bank loans, mortgages, credit cards, whatever) will organically go up, because everything must pay greater interest than American bonds to compensate for greater risk. This is simply a matter of supply & demand mechanics. + +So, American bond interest is kind of like the baseline or the "sea level" for all interest rates in the entire economy. This even stretches to other countries, because anyone can buy a bond from the US gov, and they are considered the safest borrower in the world, so nobody will ever lend money to anybody else unless they are compensated with greater interest than US bond interest. + +**The cost of capital** + +So, if US bond rates go up, and therefore all interest in the economy goes up, that means money itself has gotten more expensive. Loan interest is literally just the cost of money (known as the cost of capital). The lesser the interest, the cheaper it is for me to acquire money right now. When you realize that the entire world runs mainly on debt, it becomes clear how significant this phenomenon is. + +So, when US bond rates go up, the price of capital itself goes up. That means it becomes more costly for businesses to raise money, more costly to mortgage a house, more costly to open a line of credit to buy investments, more costly to spend with credit cards, more costly to use leverage in securities markets, etc. + +This means that growth goes down, spending goes down, wages go down, etc. It also means the prices of goods go down (or at least climb slower), because people aren't willing to pay as much, since capital itself is more expensive to acquire. + +What happens when prices go down? Well, that's a reduction in inflation. So, when inflation is getting too high, the FED (central bank) will make bond interest go up to apply recessive forces on the economy to curb said inflation. + +If inflation is low, the FED might reduce bond interest in order to make the cost of capital lower to juice the economy, prop up securities markets, and incentivize growth. Too much growth though, and we end up with inflation again, meaning the FED might increase rates again. This causes a sort of wave-like dance between bond rates and the heat of the economy. + +So, the FED influences bond rates ostensibly to keep the economy balanced: not too hot and inflationary (can be very bad) and not too cold and deflationary (also can be very bad). + +It is also worth noting that the FED wields a couple other levers it can use to increase or decrease the cost of capital (ie: the general interest rates in the economy) that are separate from bond rates. They can change the reserve requirements of banks (what percentage of total assets a bank must hold in reserve). If banks need to hold more in reserve, then they have less liquid money to lend out, so the supply of capital goes down, so market interest (cost of capital) rises. Also, the FED can change the discount rate, which is the amount of interest they charge banks for short-term loans (24 hours or less) from the FED itself. When these rates go up, banks are disincentivized from borrowing from the FED, so the banks end up with less liquid capital, which means they need to be more conservative about the loans they themselves give out, which makes the supply of capital go down and thus the cost of capital go up. + +**What does this mean for markets?** + +When bond rates go up, most investment markets go down. Why? Well, the higher bond rates go, the more I can make by investing in bonds, without the risk going up. So, as bond rates go up, it becomes more and more attractive to move my wealth out of riskier markets like stocks and into what is considered the safest investment market in the world: US bonds. Since rates going up means I get greater returns on my bond investments, but the risk doesn't change, US gov bonds become more and more sensible to an investor as the rates increase. + +Of course, bonds rates going up a smidgen doesn't actually suddenly make bonds a strategically more sound investment than riskier things like stocks. In fact, US bond rates have been so comically low for so long that it hasn't made much sense to buy bonds in years (decades, really). However, when people hear that the FED is going to increase bond rates, they think "bond rates going up means people will sell stocks to buy bonds, so I better sell now to front-run that", which is the main thing that *actually* causes stocks to fall when bond rates increase. + +**Some historical context** + +US bond rates hit an ATH in 1981 around 15% (edit: some sources seem to say 20%; unsure which is correct). Unsurprisingly, the stock market hit a low at the same time (like I said before, the orthodox narrative is that there is an inverse relationship between bond rates and most securities markets). Think about how ridiculous 15% bond rates are. That would mean you could buy what is definitionally the safest investment available and get 15% returns each year. By contrast, the safest stock ETFs (still way riskier than US bonds) average like 7% a year. + +So, in the 80s, you could double your money every 5 years while accepting what is usually considered 0 risk. Ever wonder why boomers seemed to get wealthy so easily? This is one of the reasons. + +Since the ATH in 1981, the treasury bond rate has fallen continuously until Covid hit, at which point it pivoted at a low of about 0.5%. Since then, it has been going back up, but is still extremely low, at around 1.5%. + +Since bond rates going down means stocks go up (at least, this is a very popular narrative, though some disagree), the stock market has been in a tremendous and arguably unnatural bull run for about 40 years, only pausing twice very briefly for "corrections" circa 1999 and 2008. + +Since US bond rates have gotten so close to 0%, they can't really lower them any further without going negative (which is actually a thing, and some countries are trying negative interest now. This is an extremely weird rabbit hole that nobody really knows the true consequences of yet. Imagine getting paid to borrow money. Several countries have been experimenting with this over the last 7 years, and a few I believe for even longer). The chair of the FED (Jerome Powell) said a few months back that they have no intention of going to negative interest rates, so that means these past 40 years of propping up markets by reducing bond rates has probably come to an end. + +You could think of the continuous lowering of rates for the last 40 years as the FED spending its ammunition to prop up markets and propel economic growth, but now that rates are barely above 0% and the FED isn't willing to go negative, they are out of ammo. Not only are they out of ammo when it comes to lowering the rates, but one might also argue they are also currently incentivized to *increase* rates to combat rising inflation. + +This is why there is fear. The FED has been sticking its hands in for 40 years to prop up markets, and now it seems they are going to stop, at least for now. + +I hope this ~~ELI5~~ ~~ELI12~~ ELI-an-Intro-to-Econ student about why US gov bond rates are such an important concept for understanding global economics has been enlightening! + +[Source](https://np.reddit.com/user/pseudoHappyHippy/posts/) +For example shorting only based on the MACD signals if the price bellow the 200MA and going long if above, videos like this show that it works: [https://www.youtube.com/watch?v=X1qMVxJ7yuc](https://www.youtube.com/watch?v=X1qMVxJ7yuc) + +(excuse my ignorance I am a beginner, looking to understand why most good traders say avoid indicators and trade Price Action) +Hi all. I’m staring at a 1098 Mortgage Interest Statement and I literally have no idea what to put. I know what he’s spent on mortgage for the year, can I use that number to generate the answers I need? He barely speaks English and I’m having high anxiety about messing up the taxes. +I have about 4 months worth of emergency fund in the case I cannot work for whatever reason. + +I don't plan on touching except for emergency, obviously, so hopefully never but if I need it, I need it NOW. + +Should I just keep in good ole fashion savings? Or something that can give me yield like an index fund or money market. + +<<pardon if I'm not using the right lingo, I'm a newbie at financial stuff>> +Hi I read something on this sub about being able to convert a traditional IRA/401k to a Roth and having three years to pay the taxes on it. +1. Is this true? Any more info? +2. Do you recommend? +Thanks so much 😊 +The title is pretty self explanatory. I live in a shitty basement apartment and anytime it rains the walls start to sweat and the bathrooms flood. I just know that Florence is going to flood it out with the projected 10-24 inches of rain I'm going to get. My leasing agency has dropped off sandbags and told us that we were going to be on our own until 36-48 hours after the storm and to stock up on food. (we're already trying to get them to honor their end of the lease and put us in a hotel if it gets too bad) + +I have put all of my nice clothes, documents, and my rug into my car. Most of my furniture came from the dumpster, but I don't have the time to find new furniture, nor buy any because I'm broke af. Can I get a couple of XL trash bags and bag everything up? A tarp? + +Also, if I get left with nowhere to go, what do I do? Pack a bag and walk to the grocery store? My university library? Should I see if I can sleep in one of the lounges? Idk if there's an emergency center near me, and I'd feel kinda wrong going there. + +edit: also, my renters insurance lapsed bc of the same leasing agency not accepting my lease until 26 days after the fact. I'm working on that rn. + +Edit2: thank you all for your help and advice! Right now everything is stacked and weighted and we're collecting water. Everything important is safe and we all have an evacuation plan and shelters mapped out. Thanks again for all of your help and best of luck to everyone else that is in the path. Stay safe and dry. + +Edit3: thanks everyone again. Talked with uhaul in my area and they've been booked. The storm is actually going southward and I'm in much better shape. +Remember when MATIC was sweating like a pig just from one sunflower game on its network? ..well same shit is repeating now with Avalanche. According to the users fees are even higher than ETH right now + +[User reports over 14$ gas fee for transaction](https://np.reddit.com/r/Avax/comments/swil2r/fees_what_the_fuck_14_usd_for_a_withdraw/?utm_source=share&utm_medium=mweb3x) + +The reason for congestion? A game with crabs called Crabada. Yes, I'm serious. It's sunflower fiasco all over again just this time it's crabs instead of flowers. And this time too, it's the network that is supposed to bring us extremely low fees and speedy transactions. I'm invested in AVAX but stuff like this really maks me wonder sometimes. + +Crazy what one little game with crabs can do to a network + +^(edit:spelling) +I'm 16 and I was just kicked out of my parents house. I am currently in 6th form, and do not want to leave it. I can get a job but they reccomend I don't do any more than 8 hours a week. Are there any financial programmes that can help me? +Is three the magic number for Wall Street? We’ll soon find out. Only a few think that Jerome Powell & Co. will not cut interest rates next week for a third time in as many gatherings of the rate-setting Federal Open Market Committee. + +Market-based probabilities imply a 93.5% chance of a quarter-of-a-percentage-point rate reduction to a 1.50%-1.75% range from the current 1.75%-2%, following the two-day Oct. 29-30 meeting, according to CME Group based on federal-funds futures. + +[https://www.marketwatch.com/story/why-would-the-fed-cut-interest-rates-a-3rd-time-in-a-row-even-as-stocks-near-records-investors-may-soon-find-out-2019-10-27](https://www.marketwatch.com/story/why-would-the-fed-cut-interest-rates-a-3rd-time-in-a-row-even-as-stocks-near-records-investors-may-soon-find-out-2019-10-27) +Happy days after 11 years my bloody student loan is paid. It wasn't a huge amount and was a plan 1 loan, but I spent 5 years abroad where I only paid sporadically so that delayed things and put me into arrears. + +Anyway, I am starting a new job soon and wanted to check what was left of my student loan balance. I went onto the studentloanrepayments website and checked the balance and subtracted what I paid from my pay slips since April 2018 and it ended up I had overpaid by about £25. + +I got onto the phone to see how I can stop more student loan payment being taken (during my notice period) and they took my payslip details (didn't require copies) and said that they will bank transfer the £25 within 3-5 working days. They will send a notice to my employer saying they no longer need to take any payments. This should be in place for my April salary but of course depends on my payroll department also. + +Anyway I thought this might be some good advice for anyone nearing the end of their loan repayment. You can also change from paying via PAYE to paying yourself via direct debit so that they don't take more than you owe. + + +Examples that come top of mind are certain rolex sports watched like the ceramic daytona, hulk, pepsi, etc. Also porsche 911s around the 7-10+ year age mark tend to hold their values well for a luxury sports car. +Examples that come top of mind are certain rolex sports watched like the ceramic daytona, hulk, pepsi, etc. Also porsche 911s around the 7-10+ year age mark tend to hold their values well for a luxury sports car. +Edit: to other frustrated apes, please see this post: + https://www.reddit.com/r/Superstonk/comments/nbg82f/dont_panic_about_ny_fed_loans/?utm_medium=android_app&utm_source=share + +Thanks u/Kushaevtm for posting it in the comments. It was hidden among a sea of posts like mine. + +Original post (latest info is above): +So, we certainly do not have all the facts right now. As much as this text is an emotional reaction on my side, I implore us all to have reason and just buy, HODL and vote. + +But. what. THE. FUCK. + +The fact there is even a chance that the FED (not to be confused with the government) loaned half a trillion dollars to invalidate the results of a liquidity test intended to ensure the markets are operating correctly- is possibly the last straw for me. + +(Probably doesn't help I just finished watching "The Big Short" an hour earlier). + +Honestly, they keep this shit up I may never sell any of my GME just out of spite. I'll take my tendies after people are in prison. + +Which, after 2008 it is clear such justice is too much to ask for. So, other than GME and keeping some shares for the memories- I'll be a lifelong, U.S. averse investor when this is all done. + +(Unless that trust is won back, but doubt it). + +TLDR: frustrated ape. Still HODLing to eternity. It's getting personal now. +A combination deal for all - a bidet. You can buy a portable bidet, which is basically a glorified squeeze bottle of water on Amazon (or other places), for around $20. + +You will quickly break even (and then save money going forward) on your reduced usage of toilet paper. + +People use a bidet and then optionally (reduced) toilet paper to make sure they’re clean. + +If there’s a run on toilet paper from COVID again, you have an alternative. + +Using a bidet reduces stress on your septic system or sewer system (if you care about the environment), and may reduce toilet clogs. + +The squeeze bottle bidets are good when on the road too, if you’re ever at a place without toilet paper you’re covered. + +Squeeze bottle bidets use no electricity, no plumbing alterations, no battery, no commitments. + +Perhaps a foreign concept for America, please consider this for saving money/personal hygiene purposes. +I broke a tooth recently. It wasn't causing me any pain, but I figured that since I have dental insurance now I shoukd get it pulled. Went to the dentist Monday and he broke it off even worse leaving the nerves exposed and the tooth flush with my jawbone. Got sent to the Oral Surgeon today. My copay is $50. Find out that I will have to be put out under general anesthesia for the procedure. The Dr leaves and the clerical lady comes in. My insurance is refusing to cover any on the anesthesia so I will owe $550 the day of my surgery - this Friday. The Oral Surgeon doesn't even offer payment plans. + +I have just now managed to get out from under a little debt and save $200. This is going to put me right back in it and right back where I started if not lower. I am distraught. I'm trying so hard and everytime I think I can almost get to treading water instead of drowning here comes a tidal wave. + +I pay rent every month to live in a shed. Literally. It's 120 sqft shed. I have no running water or bathroom. I work full time and go to school, despite being a low wage earner I don't qualify for full grants, so I have to buy my own books and pay for half of each semester. + +I'm exhausted and defeated. I was hanging on because I felt like this was the bottom, you know? That I had finally hit it and was on my way up. But, here I am again. Sinking further and further into the muck. + +Thanks for letting me vent. I'm okay. I'm just really sad right now. + +Update: my health insurance does not cover anesthesia for dental and my dental does not cover anesthesia for anything but impacted teeth. 😑 + +Update, update: thanks for all the support everyone, but I have to step away from the post. I'm getting a lot of conflicting information and it's causing me a lot of anxiety and stress during a time I'm already experiencing a lot of pain, anxiety and stress. Again, thanks. + +I was able to speak with my landlord and car loan and get a situation sorted out to where I will be able to pay for my surgery Friday and not have to be set back too much. + +Thank you to everyone for the advice, support, and offers to assist paying the bill. +Yes you read my title right. this market crash and burn is the best thing to happen to crypto for a while. + +sure most of us are down over 30%. sure it sucks seeing your investment of hard earned money (or not in some cases) capitulate. + +however that being said, the joy of watching all the armchair experts who have been in the space for 5 minutes lose their shit is simply priceless. + +call me evil, an a hole, machiavellian or whatever. but I am enjoying this moment of big old humble pie. crypto has been trending towards a meme, just another fad in pop culture. something you become a part of cos its cool, not because of the tech, disruption or any logical reason. + +we are going to see a lot of noobs and dweebs get cleared out from this space. + +we are also going to see a lot of scam coins, shitcoins, and downright terrible project disappear for the better. + +this is the massive clean up we have needed for some time. the markets, and I mean ALL markets have been frothing for some time now. + +if you truly understand and believe in crypto you will stay, and I will see you in 6 months time on the other side. + +to all the obnoxious morons who thought they were so clever getting into crypto for the culture, GOODBYE!!! and good riddance. +What’s up everyone? When would y’all say would be the best time to exit a LEAPS position? I bought an atm call on SPY two weeks ago expiring next year. It’s up 35% at the moment. How long should I hold though? +Was wondering what you guys prefer? Selling 0 days or weeklies Vs Monthlies? How far OTM? + +To my understanding, SPX is cash settled so basically at close on Friday, the calculation is made right then to determine your loss or gains. No risk to be assigned shares prior or day of expiration. + +Lets hear Ideas :). May all the trades go your way :) +I broke my own rule and sold 25 ICs for ZM 450/460/535/545 expiring tomorrow. Now ZM is trading at 543. I am in deep trouble as it seems that I will be loosing all my margin (20k). What would you recommend I should do now? Should I create a rolling order to or close one of the spreads by taking losses rather than loosing it all? +I want to try a more active options strategy. With an account at about 1k that I want to use for options I would like to try out selling spreads. I know a lot of people in this sub like to do the wheel but with a small amount of capital I don’t see it making sense to tie all of it up into like 1 stock when I could do multiple butterflies, credit puts and calls. What stocks should I be looking for to make it worth wild and to maximize my P/L +I have a pretty small account (~$1000), and I decided to try selling covered calls on USO... I bought 100 shares at $4.91 and sold a $5 call for .28. The call will expire worthless tomorrow but USO has dropped to around $4.25 since I bought last Friday. Should I just hold onto these until the price goes back up? Should I sell them and switch to something that’s gonna be more profitable? What do you guys think? This is my first time trying this strategy and yes I know I should have started by paper trading first but here we are. Thanks +So the premium on AMC is absolute insanity. I am currently short 35 contracts (220122$10P) that I sold for an average of $1.94 (currently $1.32). Outstanding profit so far. + +Due to this crazy premium I was looking at Jan 2023 puts on AMC which have an IV around 150%. 150%!! So if you were to sell $10 CSPs for Jan 2023 and leverage the credits you could exit (584 days from now) with a 47% gain (\~29% annualized). + +If you did this with $15P it works out to 69% $15P and 84% with $20P. + +During the GME craziness IV fell off hard after the stock came back to 100% over the pre-squeeze price of $20. I would expect the same thing with AMC and could probably exit this position with 50% of the profit after a couple months. + +Obviously if you leveraged your credits with new CSPs the max loss is 100% (assuming AMC goes bankrupt) so that is the risk. Honestly though, has anyone done any long term CSPs like this? +It seems like every post I read here has everybody sighing like the correction is done. Why does everyone seem to think it's over? + +[View Poll](https://www.reddit.com/poll/scschp) +Hey guys, please talk some sense into me. Yesterday i wrote a straddle on MSFT at strike 155 expiring march 27 2020. +I collected 1732$ in premium. I was very happy with the trade because I sold it while iv was crazy high. + +Today I talked to my Dad about it. He works in finance. ( I live with my parents i am 21y old) He thought i was a dumbass for making such a trade and Microsoft could easily go back up to 190 where it was before the drop or crash to 100 in such a volatile market. + +I still think this was not a bad decision but he did get me a little bit scared. What do you guys think? +Hi, I'd appreciate a bit of help. I've been a bit of a waste for my life up to now, but have cleaned my act up last few years - I'm 18 months clean July 1st, and for the first time in my life have managed to maintain the same job for 2+ years straight. I only have my GCSE's and an AAT Level 2. + +I'd like to get my own house or apartment before the end of 2021. It's an arbitrary date, but it's the setting of dates which has helped me get sober and clear debt faster than I could have imagined. However, I really, really don't have a clue on what I'm doing, or on what I need to save for outside of as large a deposit as possible. Any help would be massively appreciated. + +My mum has been amazing - allowing me to live at hers for £100 a month (!) for Rent and Bills, as long as I've bought my own food, car repayments, and mobile bills. I had no right or reason to expect this help after the hell I put her through during my teenage and runaway years. This has allowed me to clear my debt (£2500 Interest Free outstanding, and a PCP - I currently have £4K in savings currently an emergency pot). + +I'm going to apply for a Money Box LISA, so that at the end of the financial year I can put in £4000 of savings. I have around £800 at the end of everything. When the pubs and bars reopen, I hope to be able to pick up another out of hours job there too. + +Edit: Some have requested numbers, apologies I should have included this earlier: +- Take Home Salary (20K Gross) +£1,390.81 +- Rent -£100. +- Mobile -£18.48. +- Car PCP -£219.51. +- Gym -£28 per month (paid annually) +- Car Insurance and Sundries -£100 per month. +- Food -£150 per month. +Net = +£774.82 + +The food and sundries are at the upper level of what I pay. +So on average, my electric bill is between $18-$23. I unplug things, turn off my breaker box, and use only one lightbulb when needed per room. I'm super happy with that low bill. I tell friends how I did it, and they tell me how stupid it is. Or, and this is the one that gets me, is that unplugging things doesn't help. It clearly does when my electric bill is this low. What gives? I'm proud of being cheap, but mention ways to save even $20 a month and it's like they think I've lost mind. +I'm in a situation where my partner is pregnant and I'm interviewing for new jobs. Both partners work, with my partner planning to take 12 weeks parental leave when the baby is born as the primary carer. + +My current employer has a pretty generous parental leave policy whereby I can take 12 weeks of parental leave of my own as the primary carer when my partner returns to work. I have checked with HR and they confirmed that I'm still eligible for this leave, even if my partner has already taken parental leave. + +Even though my current employer has a generous parental leave policy, I feel pretty underpaid for my skillset (80k a year, exc. super). Based on salary alone, that comes out to $18,461 of paid leave. My partner earns similar pay to me, so giving my partner a chance to go back to work 12 weeks earlier, full time would be worth close to that in terms of total household income. + +I have an in-demand skill set and I am getting approached by recruiters at least once a week about jobs. I've been interviewing for a couple of these, with salaries in the range of 100k to 110k. Which would more than make up for the income shortfall of losing that paid parental leave. In addition, my current company is looking to grow, they are advertising new roles all the time and managers regularly mention that they are struggling to find people to fill roles etc. + +I really enjoy the current work I do, work with a great team, get opportunities to learn etc. In addition, moving to a new company has risks. There's always a risk the work won't be enjoyable or the company has a negative culture. On the other hand, I feel underpaid compared to the rest of the industry and I don't think this company has great opportunities for salary growth internally. + +Ideally, I would get an offer from another company and use that as leverage to try and get a pay increase and be prepared to leave if it doesn't materialise. I'm also cautious that this is a golden opportunity to get a pay increase as borders will open soon and loads of workers from overseas will flood the market (I don't want FOMO to lead me to the wrong decision, but I'm aware that market conditions will change in the future). + +On top of all of this is, have I accurately estimated the value of parental leave? As a first time parent, apart from the financial value, I can imagine that spending more time with the baby early on would be hard to put a price on at all. +My friends and I have reached that stage in life where we've started to have to make those boring 'personal finance' decisions. More often than not, I've found the same questions asked repeatedly. These questions are often also echoed in the forums here. + +As a side project, I've started to pull together answers to those questions. The answers are by no means perfect, but in my humble opinion are much better than the advertisement ridden answers you get from plenty of other 'financial advice' type sites run by big companies focused on profit. + +Some of the articles I feel that may be of interest here: + +* [Whether to buy your car new or used](https://www.themoneyhackers.com.au/car-buying-used-or-new/) + +* [Extended warranties - should you buy them?](https://www.themoneyhackers.com.au/extended-warranties/) + +* [Private health insurance - should you get it?](https://www.themoneyhackers.com.au/private-health-insurance/) + +* [Should I rent or buy a place to live?](https://www.themoneyhackers.com.au/should-i-rent-or-buy/) + + +I've love to hear feedback from this community on the site.Is it worth continuing? Is it readable? Does it come across too much as 'financial advice'? + + +[All other articles.](https://www.themoneyhackers.com.au/) + +PS. No ads, no 'courses' or 'seminars' and also no selling of 'eBooks' - just hopefully some useful advice. +Hi All + +I’ve noticed A LOT of posts about “what to do” given the market volatility. + +Well, I am going to put forward a very controversial view, I am doing nothing differently. I’m going to max my super into an aggressive fund, keep my emergency fund topped up and making weekly deposits into my ETF portfolio and not checking the market too frequently. This is consistent with a lot of studies as a very strong and good approach. + +When things settle down, I’ll look to rebalance my small amount out of bonds / cash into equities. I’ll also look into starting some small leverage via a equity builder account. + +I hope everyone is ok, this is a somewhat scary time for some, but if anyone needs to chat, please message or post here. We should all be there for each other to make sure we don’t make mistakes or lose our long-term strategies and ultimately our money. + +Best of luck all. Enjoy life as the markets ain’t everything. +I’ve just finished paying off a $3000 latitude finance card - a huge deal for me. + +It’s taken me 3 days to try and close this thing. It can’t be done online so I have to ring during business hours when I’m at work. Fine. Except when I call I get cut off, or “the department is not available or closed”, or the wait time was too long and I had to hang up. + +I will keep persisting no doubt but i can see how easy it is to leave these things open when no one wants to help you close the thing. +Hi All + +I’ve noticed A LOT of posts about “what to do” given the market volatility. + +Well, I am going to put forward a very controversial view, I am doing nothing differently. I’m going to max my super into an aggressive fund, keep my emergency fund topped up and making weekly deposits into my ETF portfolio and not checking the market too frequently. This is consistent with a lot of studies as a very strong and good approach. + +When things settle down, I’ll look to rebalance my small amount out of bonds / cash into equities. I’ll also look into starting some small leverage via a equity builder account. + +I hope everyone is ok, this is a somewhat scary time for some, but if anyone needs to chat, please message or post here. We should all be there for each other to make sure we don’t make mistakes or lose our long-term strategies and ultimately our money. + +Best of luck all. Enjoy life as the markets ain’t everything. +Surely I'm not the only one (maybe I am lol). + +You must know what I mean...... + +...."Buy the dip" +.... "The dip will continue, and I'm going to tell you why" . +.... "This happened to me in 2020, and I'm gonna tell you about it" +...."HODL!!" +...."You said you wanted a dip, here it is!!!" +...."People!! Look at my chart, where I prove something to you" +.... "We hate Cardano, and we are going to let you know!!" + +Newbies must walk in here, take a look around and their jaws must hit the floor. Lol + +This post suggests X... The next post is from some dude who has spent the last 2 weeks putting charts together "proving" X to be ridiculous. + +Just a harmless observation, no offence intended!! + +Anyways, I'm off to give the ShibArmy a piece of my mind...wish me luck. X +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! + +There is no TL:DR. +Call it a shitpost and skip if you don't want to read it. + +Well....The way I see it...DeFcon 2 and the people sitting on some channels like this and the Ethereum forums are the ones that want to know the bleeding edge of Ethereum news. We are sitting in a circle. We're all sitting here in bewilderment. I'm blown away by what I'm reading. I can't even understand the technicals but I can see the vision. But we're just one big circle trying to put the pieces together. + + I could care less about this stupid $1.50 move today. I'm not trader so please don't take offense. I know you are trying to feed your families and I want you to be great at this game. This post isn't about price really. +If I had to, I couldn't imagine trading any of this right now. The writing is on the wall in pretty charts and candlestick thingys for you to decide if you think this platform is worth $13 today. I think you know the answer. There is going to be a green candle coming that is going to make that rise from $4 to $22 look like child's play. The billionaires are watching this shit. They are only talking about it but they are doing more talk than Bitcoin ever dreamed of. That's my feeling. They are whispering and waiting for each other to flinch like a Clint Eastwood movie. The Multi-Millionaires only whisper. + +Those short time frame folks who worry about the price just remember we don't even have the final video or the Blockchain summit complete. We're getting bits of info from gracious correspondents and 100 character tweets. The damn summit couldn't even be streamed because China. I couldn't aggregate all the news in one read even if I tried....I'm very grateful to those who have posted cliff notes of what happened. + +Speculators/Investors (that's me) I think some major shit is gonna happen to the price in 4-6 months once we get closer to POS (and beyond) and all the geniuses that got to hang out with each re-enter meetings with their ICO partners and take what was presented at DeFcon and reinvigorate their particular Dapp plans.... + +The attacks are being tamed immediately and really this is the best time for them to try. PLEASE keep trying. We NEED you to keep all of us with capabilities sharp as a razor to fix it. Don't bitch and whine when the price falls back to $12 again...please...bubbles within bubbles are gonna happen. Soon you'll be complaining it fell back to $22 + +Now...Go back 3 months...How many of those AWESOME developments we learned about were tight lipped between each of the companies leading up to DefCon? NDA's much? How many of these awesome developers were so wrapped up in their coding they didn't dare look up from the screen to do anything else. They had major deadlines to beat to get ready for DeFCon. I'm sure a fair amount of them anyway. Hats off to the focus and attention...and now this same small circle of people here on Reddit and elsewhere are probably scratching their heads on whole new ideas that bridge gaps. We are bridging gaps and we are a tiny group. + +*Synergy* or maybe some *clarity* about the *road* (or whatever that word thingy) is...*roadmap*?...fuck I don't know....I'm not an intellectual. BUT +....I think that's whats coming in Q1/Q2 - 2017. I'll call it *Ethergy*. + +If Vitalik is getting listed on Fortune and Businessweek in the same damn day that's gonna get some wigs thinking seriously about why they didn't give bitcoin a shot all those years ago. That team is a beast. + +The door is opening to a new class of investors instead of just crypto geeks. The crazy amount of news in the last year is leaving me spellbound. 2017 will be more exciting than 2016 for a new group of people. Just like 2016 was more exciting for me than when I learned about Ethereum in 2015. I didn't buy the ICO and I'm a small time dude. + +Hugs from KC...I'm just a crazy music teacher with a passion for the kitchen. +I bring nothing technical table but proof of steak. You are my favorite people on Reddit. I hardly ever go to any other sub and just check the frontpage every now and then. Maybe it's a disease....Maybe its mETh. But I'm here and happy with what I'm reading. + +I'm praying I get Vitalik to KC someday. Or any of those guys. I'm 35 minutes from the airport and I have a loving family in a modest home and it would be an honor to throw a meal on the pit and share the video with the Ethereum family. He's just eccentric enough to show up and chat between 2 ferns his philosophies outdoors. + +I'd have to explain to my wife that a man like /u/vbuterin/ wearing a unicorn shirt with donuts on the horn and a cat man-satchel is actually a very normal thing. After all, I did make a license plate for my car with his project's name. + +Be good out there. +I adjusted the wave count which now shows a completion of the [5-3-5-3-5 impulse wave](https://i.imgur.com/RfPlY4D.png). + +ETH has since moved on to a possible [5-3-5 corrective wave](https://i.imgur.com/dHdZhtF.png). + +Either ETH is still on wave B, or ETH has already completed wave B by [bouncing off the .382 fib retracement level](https://i.imgur.com/zgd71MP.png) and is continuing to the C wave. + +Please don't mind the slope or ending points of the C wave line/arrow. They are only meant to be used for visual purposes and not actually price targets. The possible (but not guaranteed) wave endings for wave C are shown by the green boxes. + +The C wave bounce is the one that traders look for since is is the final wave before the larger degree impulse wave 3, which is usually the longest! After the C wave is complete, the next impulse wave (liftoff) may commence. + +However, there is always the possibility of a impulse wave failure which will cause a combo corrective wave pattern or the chance that the C wave does not bounce at all and continues in a downtrend. + +Previous idea [here](https://www.tradingview.com/chart/ETHUSD/eQvo1WwA-ETH-Current-Wave-4-Correction-and-Possible-Scenarios/). + +Previous previous post [here](https://www.reddit.com/r/ethtrader/comments/7y8u4j/elliott_wave_analysis_eth_almost_done_wave_3_wave/). +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +I am interested in the proposal of PoS, but I noticed people are not speculating (as much as you might expect) about what might happen upon the switch from PoW to PoS. Would you guys be comfortable starting a discussion about what you think will happen to the value of Eth upon that event? For example do you think it will fall, or will the excitement to stake lead to a huge pump? I don't have the experience and knowledge that you have as a collective, so I thought it might provide value to the community to discuss. Cheers! +Some of you may know that I'm a hodler. I've been 100% ETH since the summer of 2015, when the terminal dysfunction of Bitcoin forced me to find a better alternative. Ever since then, I've added to my stacks, but did not see any other investment that had fundamentals good enough. + +Over the last day I have gradually entered into a 20% position in DGD, the Digix DAO. It's not because Ethereum has disappointed me - far from it, the ecosystem is booming and I am extremely optimistic about it. But I started to feel like I should hedge a little, and Gold is something I felt like I should have a stake in. + +Some of you may know that the federal reserve has quadrupled the monetary base since 2008. That is, they printed a bunch of money and threw it at banks to prevent the financial system from collapsing. But instead of lending it to businesses and creating jobs with the money, the banks have instead been using the money to gamble on stock markets, housing markets, and invest in questionable debt-based assets. The jobs boom never happened, and we've been barely staving off recession. + +The interest rates are near zero, and there's nowhere left to go if we plunge fully into a recession. The only alternatives are negative interest rates and another round of Quantitative Easing, which is so named because "printing trillions of dollars" doesn't sound great on the news. Sooner or later, US Treasuries are going to lose their shine and our status as a world reserve currency is going to slip. + +For those of you still reading, these are my reasons for wanting to have a stake in Gold. If the economy slips, a Gold-backed token such as DGX could be an extremely popular stablecoin, and I can envision daily volume going far beyond what we see on stock markets. Crazy? Not really, when you consider that a gold-backed EIP20 token could be used directly in all kinds of e-commerce, and at a 0.1% transaction fee far lower than what is seen with credit cards. + +I am in it for the transaction fees, so don't think that I'm trying to pump DGD. I am Hodlor. + +Anyway, this is how I came to my decision. Cheers, and let's enjoy the weather and the upcoming news onslaught from Devcon. + +<3 + +**Edit**: A day after writing this, I decided to increase my hodlings to 50% and then 60 %. I decided to trade this one, because I believe its market cap belongs about an order of magnitude higher. + +Long story short, been working for 6ish years out of Uni (28 now) in the defined benefit pensions area, was the best offer I got as I did arts (econ/psych) and didn't know what the fuck I was doing. Very dry work, never really hated it per se, but wasn't really passionate about it, but it paid decent (started 30k and now 50-55k) Slowly got more and more bored until it finally got the better of me and the boredom basically made it unbearable. + +I quit my job and travelled around for 6 months, tried my hand at equities/options trading. Didn't blow up the account, but pretty much made fuck all above minimum wage from it. Did the whole matched betting for some extra pocket money (after singup bonuses you maybe have a few months befor getting gubbed on things like the horse/2UP bonuses) while I tried to figure out what I really enjoy. + +.and the sad thing is..I don't even fucking know. I didn't mind the excitement of trading, but in reality you actually have to sit there for ages not taking anything until your 'edge' appears, its also shit hours because the most liquid market, the US, doesn't close until 9pm here. Fuck forex. I don't really like sell side equities research/not really interested in doing the CFA. I kinda wouldn't mind financial planning because I quite enjoy talking to my parents and family/friends about saving/investing (and not doing all the stupid things I've done) plus it at least has some crossover to my work experience. Things like helping people out if they want ot transfer their pension to Australia or NZ through QROPS. + +The frightening thing is outside of the literal basic as fuck things as enjoying TV/movies, some sport, and travelling, I have no idea what I'd enjoy doing for the next 32+ years. I have enough savings to probably try and work it out for another few months while I shovel money into the London rental blackhole. Maybe I should try learning a language, although at Uni I did shit at French. + +Somedays I wonder, am I somehow slowly getting depressed? But when I go out and talk to friends and do social things with the GF I feel fine. Thanks for anyone reading this ramble so far. If anyone has any tips on how to do the whole find what you love and enjoy doing' without the eat, pray love travel shit I've tried, please let me know. + +TL;DR Worked in pensions, bored as fuck, spent 6 months trying to find out what I enjoy, still no fucking idea other than vaguely talking to people and giving them advice. +**Buckle up, this is going to be a very long one.** + +Given the amount of community interaction I have had since becoming a moderator or r/dividends, I figured it would be reasonable to **provide a** **breakdown of my portfolio**, as well as a summary of relevant information about myself and **my investing experience** so as to provide insight into who I am, and why you as a member or r/dividends would **consider listening to my point of view** on things. + +That said, I'll give a portfolio breakdown of my taxable brokerage account through M1 Finance. I do have other accounts; I have a TSP account as I am in the military, as well as a ROTH IRA and one other taxable brokerage account. The account for which this post is being written has been open since mid 2016. + +**The below chart is exclusively representative of my primary taxable account through M1 Finance. All dividend yield percentages are taken directly from the M1 Finance research tab.** + +|Ticker|Shares Owned|Cost Basis|Dividend Yield|Total Invested|Current Value| +|:-|:-|:-|:-|:-|:-| +|VTI|971|$172.81|%1.33|$167,798.51|$201,385.40| +|TSLA|250|$114.72|NONE|$28,680.00|$173,432.50| +|PGHY|4379|$22.84|%5.30|$100,016.36|$97,301.38| +|MMM|431|$180.36|%3.15|$77,735.16|$79,700.52| +|IXUS|1119|$63.61|%1.74|$71,179.59|$79,281.15| +|SCHD|481|$51.58|%2.80|$24,809.98|$34,896.55| +|T|1092|$28.93|%6.86|$31,591.56|$32,552.52| +|QYLD|1337|$22.46|%10.82|$30,029.02|$30,122.61| +|O|400|$57.44|%4.44|$22,976.00|$25,172.00| +|XOM|400|$68.56|%5.51|$27,424.00|$24,788.00| +|MO|371|$39.13|%6.90|$14,517.23|$18,049.15| +|RTX|225|$89.09|%2.44|$20,045.25|$17,667.00| +|GOF|812|$19.91|%8.93|$16.166.92|$17,214.40| +|DGX|100|$121.40|%1.83|$12,140.00|$12,187.00| +|JNJ|75|$147.69|%2.51|$11,076.75|$11,970.00| +|ED|127|$88.16|%4.37|$11,196.32|$9,009.38| +|PEP|50|$108.99|%3.04|$5,449.50|$6,652.00| +|KO|100|$48.69|%3.18|$4,869.00|$5,036.00| +|**TOTAL**|12,720|**N/A**|%4.88|$677,701.15|$876,417.56| + +The following assets that I own were not included in the above chart due to volatility: GME and RKT. + +Now, I intend to answer the question you all probably have before you actually have to ask it. + +**Q: How on earth did you get so much money at 25???** + +A (Part One): I am a member of the United States Army. I deployed twice early in my career (age 17 and 19) and 100% of my income from those overseas deployments was tax free. As I was still living with my father at the time, I didn't know what to do with that money, so I just set it aside for later. + +A (Part Two): Between February of 2016 and April of 2017, a lot of my family passed away. It was a period that left me with a massive number of assets in the form of cash from life insurance, land and real estate, and other various items that I had no idea what to do with. I was the only child and grandchild so literally everything was left to me. + +A (Part Three): After part two happened, I threw myself into my work as a healthcare provider, working an unhealthy amount and averaging 74 hours a week in 2017 and early 2018. Money wasn't really an object in my mind, so it just kinda piled up even further. + +**I would not consider myself rich, but I am acutely aware that I am in a much better situation that a lot of people, and that a lot of what I have presently was handed to me.** + +The above in mind, I am not seeking condolences of any kind, I just wanted to lay it out plainly. + +I also wholly understand that the vast majority of individuals visiting r/dividends do not have $700,000 laying around to just throw into the market as they please. I still work two jobs and live primarily off of the income from my regular W-2 providing employment. + +Feel free to double check my math as I am not particularly good at it. If you have any questions whatsoever, feel free to ask away and I will do my best to answer all of them as soon as I am able. "Current Value" numbers were calculated at various times throughout the day, and may not be perfectly accurate. + +This post is flared as "personal goal", so I will write my goal here: **I intend for this portfolio to break the one million dollar mark by the end of 2021.** + +I hope this provides some insight into who I am, so as to create transparency and make myself more than just a shield that says **MOD - Constantly Learning**. + +All the best. + +\-Bdm +Human emotions and much of the decision making process is hard wired into our brains, developed for survival on African savannahs some 100,000 years ago. We adapted to movement, learning to take decisions quickly because there were literally life and death situations in forests. + +While those survival instincts are useful in general, when translated to a modern investment world, they make us prone to all sorts of errors. There are 2 parts of a human brain:- **the emotional one & the logical one**. Let’s call them X & Y respectively. **The default response to anything is from the X -system. The X-system is much older, evolutionarily speaking, than the parts of the Y-system.** The X-system response is based on similarity, familiarity and proximity(in time). **Most of the human decisions are still made via the X-system, because it is the brain’s short cut answer to everything.** + +Investors also function through the X-system which is the default mode of the brain in any panic situation in the markets. **The Y-system doesn’t even kick in panic situations because the evolution has made us learn to respond via X-system in any kind of danger/panic/unknown situation.** + +This explains a lot about the investing decisions of a vast majority of investors and I will talk about all these mental/behavioral biases in upcoming posts. + +One of the world’s greatest investors, Warren Buffett has also said that investors need to control their X-system in order to succeed. **“Success in investing doesn't correlate with IQ. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people in trouble in investing.”** + +Some of the common behavioral biases are **Anchoring bias, Confirmatory Bias, Endowment Effect, Sunk-cost Bias and Loss Aversion**. Understanding each of these biases is immensely useful for any investor and I would be posting about each of these biases by sharing some personal experiences with these biases in my own investment journey. + +Thanks for your time :) +Since my last post got a ton of responses that were very helpful, I’m now asking for insight again.. + +If I were to download Robinhood, I could borrow at a 2.5% interest rate. Would it make sense to borrow say $10,000 and put $2,000 into Microsoft (not so much dividend but more growth), SCHD, JEPI, O and OKE? + +These are stocks that don’t move a ton and have a decent dividend yield while also being solid stocks to own. + +Tell me why this is dumb.. +Human emotions and much of the decision making process is hard wired into our brains, developed for survival on African savannahs some 100,000 years ago. We adapted to movement, learning to take decisions quickly because there were literally life and death situations in forests. + +While those survival instincts are useful in general, when translated to a modern investment world, they make us prone to all sorts of errors. There are 2 parts of a human brain:- **the emotional one & the logical one**. Let’s call them X & Y respectively. **The default response to anything is from the X -system. The X-system is much older, evolutionarily speaking, than the parts of the Y-system.** The X-system response is based on similarity, familiarity and proximity(in time). **Most of the human decisions are still made via the X-system, because it is the brain’s short cut answer to everything.** + +Investors also function through the X-system which is the default mode of the brain in any panic situation in the markets. **The Y-system doesn’t even kick in panic situations because the evolution has made us learn to respond via X-system in any kind of danger/panic/unknown situation.** + +This explains a lot about the investing decisions of a vast majority of investors and I will talk about all these mental/behavioral biases in upcoming posts. + +One of the world’s greatest investors, Warren Buffett has also said that investors need to control their X-system in order to succeed. **“Success in investing doesn't correlate with IQ. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people in trouble in investing.”** + +Some of the common behavioral biases are **Anchoring bias, Confirmatory Bias, Endowment Effect, Sunk-cost Bias and Loss Aversion**. Understanding each of these biases is immensely useful for any investor and I would be posting about each of these biases by sharing some personal experiences with these biases in my own investment journey. + +Thanks for your time :) +Good afternoon r/dividends, + +The past month has seen an unprecedented expansion in the r/dividends community. It has been a very busy couple of months. On January 1, 2021, the subreddit had \~65,000 members. Today as I am writing this, we just crossed 106,000 and we are not slowing down. + +With the new year coming along quite nicely, we think it would be a good time to recalibrate and do a little light housekeeping on the moderation side. + +First of all, I would like to thank each and every one of our subscribers for continuing to make this a great community for discussion. Thousands of users come here every day looking for content, and we give them what I believe to be the best investment content on reddit. + +I also want to give a massive thank you to every single moderator who has been helping me navigate this incredibly fun time and to keep this internet machine running smoothly. At the bottom of this post will be a moderator application. I encourage anyone who is interested to apply. + +\------------------------------------------ + +Beginning ~~on 11 February, 2021 at 12:00am UTC~~ **right now**, applications will open for anyone who wishes to apply to be a moderator of r/dividends. Applications will be open until the end of February. If you are using a version of Reddit that supports events, you will be able to follow this post and come back when applications open. If not, this post will remain pinned at the top of the subreddit until applications close. + +Some subreddits take moderator applications on a first come-first serve basis. Not here. So long as you apply within the specified period, then your application will be considered on its merits alone. Applications are open to anyone 18+. The age limit is purely for the liability of the moderators, as we do not want to be sending DMs to people who are underage. + +There is no hard limit on the number of Moderator positions to be filled. Whomever we deem qualified will be put on a list, and as we need more moderators, we will pull from the list. The only reason for this is because I like to orient new mods personally, on a 1 on 1 basis, and adding everyone all at once would not fit with my schedule. I want to ensure all new mods are adequately trained and ready to go. There are some things we do differently on r/dividends versus other subreddits, and I do not want to set anyone up for failure. + +\------------------------------------------ + +If you have the time and are interested, please fill out the form below (no moderation experience required): + +[https://forms.gle/KSgX7rmGMaCymwkEA](https://forms.gle/KSgX7rmGMaCymwkEA) + +\------------------------------------------- + +Please feel free to use this thread to discuss meta regarding the subreddit and this housekeeping update. If there are any additional questions, please let us know. + +PS. I had to delete and reupload this post because Reddit was acting weird. + +Edit: I finished the form earlier than I expected. So I am making it live right now. +This is so important + +Celsius, FTX, Alameda, Voyager, HodlHodl, 3AC all took Bitcoin that wasn’t theirs dumped it, lost it or sold coins they didn’t have bringing the prices super low and then declared bankruptcy so they don’t have to repay it meaning the price doesn’t get to come back. + +They have all crushed the price of real cryptos with coins that weren’t theirs/they didn’t have because people trusted them. + +Imagine the prices we would be at if they didn’t/couldn’t do this, take control of your coins for everyones sake. BTC would probably be above 40K today if these companies weren’t recklessly gambling with our coins or had to buy them back. + +PLEASE spread the message, take control of your keys, fuck these snakes and stop letting them manipulate markets, walk away leaving you with nothing when they lose. This is what crypto was made for. + +Edit: It’s been reported FTX has an 8 Billion dollar hole. My God. + Was playing Catchphrase last night with 8-9 other people, similar age to me (30). He was trying to describe platinum record. Started off by saying it’s better than Gold. Everyone said silver, lol, he said no, I said Bitcoin. No one laughed or batted an eye. It sucks that I can’t talk to anyone in person about BTC… +I’ve seen over the weekend all over Twitter, Facebook, Reddit and MSM that the chat transcripts between RH employees regarding their liquidity problems and conversations with Citadel were “leaked” + +Leaked is a word that often makes documents seem possibly not genuine. It adds some mystery to them - maybe they aren’t real? Maybe they are? + +These chat logs are the result of the legal process of discovery. I’m not a lawyer but my understanding is once a court case gets to a point pre trial - discovery can occur. That means the people if given the power of discovery can go in and get copies of documents, emails, chat transcripts etc. + +These documents are not leaked. They are part of the discovery process for a court case. + +The more people that call them “leaked” - the less authentic they seem. If you see it being called a leak in your travels - point out they aren’t leaked, but were handed over by Robinhood as part of the legal discovery process in a court case. +Options are a vehicle to trade but not always the correct one for each assumption. I’m guilty of just deferring to an options position because I frequently trade them, rather than assessing if I actually have a perspective on volatility. + +If we trade an option, we are trading volatility and should have an opinion on it. We may want to trade an option for the leverage, which is fine, but we still are exposing ourselves to IV. Sometimes, if we just want to make a directional play, the underlying itself can make more sense. + +For anyone that’s traded for a while, all will have experienced the annoyance of being directionally correct but the trade is losing because volatility moved against the position. + +I think it’s important to not allow our minds to become binary: being a fundamental OR technical analyst, buying OR selling premium, trading options OR equities. Different scenarios call for different approaches. Options aren’t always the right answer. +Like most of you here, I am working constantly to encourage my friends and love ones to allocate a portion of their non-essential funds to bitcoin/out of inflationary currencies such as the dollar. It’s going well for the most part but I will offer you a cautionary tale. + +A retired friend lost 7 bitcoin to a scammer because his google search results returned a fraudulent number when he went searching for the Coinbase customer support number. I believe he searched for “Coinbase 800 number.” Being over 65 he just didn’t have the internet street smarts to recognize that the search results in this case were bogus (Are your loved ones any different?) The exceedingly patient gentlemen on the other end of the phone gently walked him through the process of inadvertently giving away all of his bitcoins which were in Coinbase. He even instructed him on getting his withdrawal limit raised in order to facilitate this. + +I now discuss the Coinbase Vault anytime I mention Coinbase to a neophyte. I mention it twice to anyone who might not recognize red flags such as a “customer service agent” offering to remote login to your computer... + +The Coinbase number begins with 888 not 1-800... + +If anyone gets an answer on the fake number try and get audio of the guy and we can post it here for posterity. +The book pretty much bashes each and every rule and the general mindset of this subreddit. Some of the points are pretty valid like for example your retirement, depends on factors which are not in your control(Stock market and Real Estate market). Being frugal definitely doesn't allow you to enjoy life as much as you could. Developing a 'not now' attitude can get so deep rooted. Even if you can afford to reward yourself you don't. Life become focused on what you cant or should 'not' do. + +I'm in the middle of the book. Its good to question everything once in a while. Just for the sake of discussion, wanted to hear what you guys think about it? +https://news.microsoft.com/2020/09/21/microsoft-to-acquire-zenimax-media-and-its-game-publisher-bethesda-softworks/ + +MSFT announced today that they will buy ZeniMax Media and it’s game studio Bethesda for $7.5b. +I’ve been hodling a number of shares since buying in Jan after lurking wsb. Bought more every chance ive had and havent sold a single share even through all the fuckery. I have been completely silent from r/wsb to r/gme and now to my true home r/superstonk despite checking them probably more often than is healthy. I felt the need to put some things to paper and nobody but you guys will get how i’m feeling so I figured i’d finally post something. If you’ve got the time in between snorting crayons (my favorite is red) and fucking my wife give it a read and maybe you feel some of the same things that i’ve been feeling. + +I’m 22 years old and I never saw myself being rich. I figured I was destined to live the same life as my parents, working as a slave to the machine till’ I died. I remember back when covid first started I had a feeling that there was money to be made somewhere off the govs money printer going brrrrr. I have an acorns account but that was my full extent of knowledge in the investing world (so literally nothing). Wanting to get into it but not knowing how for a whole year through covid, I stumbled upon a comment in an askreddit thread that mentioned reddit telling people to buy GME. I decided to investigate and was completely swept with confirmation bias and learned more about the markets in 2 days than I did in my entire life. I took a leap and bought my first shares with probably the same thinking a lot of you had.. +”maybe it happens maybe it doesn’t, at least its a good investment long term and afterall, I like the stock!” + +Jump forward to Jan 28th. That was the day I knew I made the right choice and solidified my diamond hands forever. + +I’ve long hated the 1%’ers greed and have always seen the corruption and downright disgusting amount of wealth. If you haven’t seen this graphic I encourage you to take a few minutes and check it out. It puts into perspective how much money these guys really have in an easily digestible fashion. + +https://mkorostoff.github.io/1-pixel-wealth/ + +Fuck these guys. The amount of problems that could be fixed by distributing that wealth is mind boggling to me. The amount of greed in this country isnt just deplorable, its down right not human. In my mind there should be no other agenda from governing bodies more important than furthering humanity and ensuring its existence for as long as possible. These hedgefucks and people like them are directly impacting the world in ways that literally shaves time off of humanity. And a significant amount at that. + +Im a scuba diving instructor and the ocean is my home. If and when this squeezes to 10 mill and beyond..which believe me im far past doubting it at this point..I will use my tendies to try to reverse some of the downright awful things we have done to this planet and I know the rest of you will be right behind me. + +Being a long time redditor and life long gamer, i’ve spent my fair share of time on the internet. There has never been anything even close to the comraderie and brother/sisterhood we have created. I love all of you and we will be rockin it all the way to the moon and beyond. + +Diamond fucking hands everyone. We have won. The people have finally won. Its fucking surreal. + +🚀🦍🦧💎✋🚀 +Okay. 2/3 weeks ago me & my boyfriend were on the verge of breaking up. I found out I was pregnant. I knew I didn’t want to keep it because it wasn’t the right time. We face financial issues a lot, but eventually I let my boyfriend guilt me into keeping it. I’m currently 8 weeks & miserable. The sickness got so bad to where I couldn’t go to work bc I worked outside in the weather! Temp 95 degrees. I couldn’t miss anymore days so I just had to quit in all. I know for sure I am not going through with this pregnancy anymore. I am sick to the point where I am in bed all day and cannot get anything done. The problem now though, I had to quit my job now I have no money for abortion and my boyfriend told me he would not help me. I went to my first appointment for abortion before I quit & paid $200 and to get medication for abortion I would have to pay $500. Is there anything that I could try that actually works? eliminating pregnancy myself, abortion funds, cheaper medication for abortion etc. ?? +I’m am in Tennessee & Mississippi. +Shorted 5 shares of TSLA yesterday at $568.85, and bought a Mar12 695 call, with a delta \~0.05, for $1.80, as a hedge. Today I closed my short position at $674.46 for a loss of $528.05 and sold my call for $15.95 for a gain of $1415. Net gain was $886.95. Not to bad for being wrong :) +Curious what strategies people use to determine when they sell? Do you have a fixed price you’ll sell at, or a different process to determine what you think the high point is for a stock? +Been buying and selling for 20 years and I don't get it. Most of the global economic news is not great, we are still running massive deficit spending, the interest rates are at all time lows, there are political crisis's with Turkey and Brazil, oil prices are in the toilet, Russia is on our shit list again, and the economy of the UK looks like its well on its way to recession if not worse (China too). The price-to-earnings ratio is way higher than five- and 10-year averages. That and there is a 50/50 chance of shit or shittier about to be elected president. + +How the hell is any of this good for the markets? Everything I thought I knew does not support these numbers. + +Is there more room up top or are we on the verge of a correction? +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +Banner Contest is live! Check the main page for the sticky post and vote now! + +**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) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +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! + +These are some of the highlights from the shocking 2020 60 Minutes Interview with the President of the Federal Reserve Bank of Minneapolis, [Neel Kashkari](https://imgur.com/a/7FmnTwJ). He is an American banker, economist, and politician. + +Interviewer: "Can you characterize everything that the Fed has done as essentially flooding the system with money" + +Neel: "Yes exactly" + +Interviewer: "and there's no end to your ability to do that?" + +Neel: "There is no end to our ability to do that" + +Interviewer: "Is the Fed just going to print money?" + +Neel: "That's literally what the congress has told us to do. That's the authority they have given us" + +Interviewer: "What do you say to the person that's about to go to an ATM to cash out all of their money" + +Neel: "Your ATM is safe. Your banks are safe. There’s enough cash in the financial system and there’s an infinite amount of cash in the Federal Reserve." + +We might get lost in short term price actions but we must not forget crypto is here to give people a much better alternative. + +If you could use a cryptocurrency as a digital peer-to-peer cash, what would it be? + +Here is a [video](https://www.youtube.com/watch?v=YJ47GVFBiNQ) from Altcoin Daily breaking down this Interview. +Two days ago, a mysterious whale market sold 6 times crashing the price on Gemini from $930 to $800 each time. The whale sold at least $15 million in 15 minutes. This selling was the exact point when the market crashed. Is this insider trading or something more sinister? + https://steemit.com/cryptocurrency/@kjnk/was-this-insider-trading +If you don't see the absolutely epic moon that lies right before us, you're either blind or a pessimist. BTC and ETH are about to kick off the last leg of the race to 100K and 10K, respectively. That dip, that setback, it was artificially induced - it had no organic momentum. The bullmentum lives strong. +Okay, you need to have constant tenants, but if its in a good place it shouldnt be a problem. I understand that in many countries apts are so expensive you cant get back the price in 10 years, but here you could. Whats the catch? +https://www.cnbc.com/2020/07/20/mark-cuban-coronavirus-stock-comeback-similar-to-1990s-dot-com-bubble.html + +Billionaire businessman Mark Cuban on CNBC on Monday compared the stock market's big run-up from its late March coronavirus low to the 1990s tech frenzy. + +"In some respects it's different because of the Fed and the liquidity," Cuban said. "But on a bigger picture, it's so similar." + +"Everybody is a genius in a bull market," the "Shark Tank" investor warned. "Don't get greedy." + +Cuban, also owner of the NBA's Dallas Mavericks, said his personal stock portfolio is still heavy in shares of Netflix and Amazon. +Bunch of Credit Suisse posts around and wanted to find the sauce behind it all without the speculation. Got asked to make this its own post, so here it is. + +Found that all of the points are reported by MSM, which almost never happens to big banks. MSM will try to retain a good relationship with banks, so that they can have a source. This is a sign that the kill is about to happen, and the vultures are starting to circle. + +Note that the following articles are mostly from the last week and from well-established financial news organizations, i.e. Reuters, Bloomberg, The Financial Times, Wall Street Journal. + +Credit Suisse is about to collapse. \[edit: not related\] ~~Possibly the reason for the emergency Fed meeting on Monday?~~ Use something like archive.is to circumvent paywalls (or if using DuckDuckGo, use the [DuckDuckGo !Bang](https://duckduckgo.com/bang) , *!ais <url>*): + +1. ⁠Their CEO sent out a memo about having a strong capital base and liquidity, which means they don’t. “Appear strong when you are weak” (Sun Tzu), and, "All rumors are false until officially denied" ([Nassim Nicholas Taleb](https://twitter.com/nntaleb/status/1576208659486412802?s=46&t=Ki0TW7YlGb5y6pfbvON7gQ), also a former Credit Suisse trader), both apply here. [https://www.reuters.com/business/finance/credit-suisse-has-strong-capital-base-liquidity-ceo-memo-2022-09-30/](https://www.reuters.com/business/finance/credit-suisse-has-strong-capital-base-liquidity-ceo-memo-2022-09-30/) +2. Continuing the above, the statement was issued because they may not be able to meet their Credit Default Swap obligations, as it has reached 2009 levels and shares of Credit Suisse touched a new low. [https://www.bloomberg.com/news/articles/2022-10-02/credit-suisse-ceo-seeks-to-calm-as-default-swaps-near-2009-level](https://www.bloomberg.com/news/articles/2022-10-02/credit-suisse-ceo-seeks-to-calm-as-default-swaps-near-2009-level) +3. ⁠Jens Welter is leaving to go to Citi. You don’t abandon 27 years at a bank after getting promoted to the top investment banker nine months ago, unless you realize that the Sword of Damocles is hanging over your head. [https://www.ft.com/content/7f67de02-407c-41bf-aeb5-aa823c8d02c2](https://www.ft.com/content/7f67de02-407c-41bf-aeb5-aa823c8d02c2) +4. ⁠Credit Suisse keeps being on the losing end of a series of very large deals going bad after holding the bag for Archegos, and with the latest Citrix debt fallout, they were the most vulnerable and have to realize the losses now. [https://www.bloomberg.com/news/articles/2022-09-22/citrix-debt-debacle-heralds-a-day-of-reckoning-on-wall-street](https://www.bloomberg.com/news/articles/2022-09-22/citrix-debt-debacle-heralds-a-day-of-reckoning-on-wall-street) +5. \[edit: redundant to next article\] ~~⁠Credit Suisse either lost a ton of money in swaps and/or all of their clients left, as their required client margin went from $8.9B to $25.5M in one year. That’s -99.71%.~~ [~~https://www.risk.net/risk-quantum/7954613/client-margin-at-credit-suisse-shrinks-to-just-25m~~](https://www.risk.net/risk-quantum/7954613/client-margin-at-credit-suisse-shrinks-to-just-25m) +6. Due to Archegos and trying to reduce risk, Credit Suisse exited the very profitable Prime Broker business, meaning it's not going to make money back there. [https://www.reuters.com/business/finance/prime-brokers-fight-clients-after-credit-suisses-exit-2022-09-16/](https://www.reuters.com/business/finance/prime-brokers-fight-clients-after-credit-suisses-exit-2022-09-16/) +7. ⁠Credit Suisse is broken now, and no one has the money or risk appetite to try to fix this very expensive problem to buy their debt or diluted equities. This WSJ article actually covered almost all of my points above. [https://www.wsj.com/articles/investors-put-a-price-on-credit-suisses-salvation-11664440211](https://www.wsj.com/articles/investors-put-a-price-on-credit-suisses-salvation-11664440211) + +TL;DR They’re fucked. + +&#x200B; + +So how do you make money? + +What would you have done with Lehman? What if they were bailed out by ~~Obama~~ Bush? You can guess the direction right, but time it wrong, and you, too, will be fucked. And lose your entire $100k inheritance from your Dad. + +If you are regarded, you know your own path to Valhalla. +GameStop ($GME) opened at $177.49 today after a pre market rise. We seen an initial discount to $171.50 @ 0956, and a secondary discount to $161.50 @ 1146. The stock then bounced off \~$165 & now it's back at \~$162. + +https://preview.redd.it/mvf6a0uvpxw61.png?width=1196&format=png&auto=webp&s=5ebdd0bee5ae9283346d96e55cb948f82638d72e + +https://preview.redd.it/sf8jm1yzpxw61.png?width=918&format=png&auto=webp&s=46747bfad6c0ade9ced808c49604d9671773e4c8 + +**A \~16$ discount on \~3M volume in the first \~2 hours. Why?** + +**There is no why.** The price of $GME is artificial & rarely follows any indicators, will change in price violently over no news, or inversely- trend up on negative news and down on positive news. *Just like today.* + +Here's all the latest news on $GME from both Google & Bing searches (to give more than one search algo.) + +&#x200B; + +[Great News!](https://preview.redd.it/zqtx134mqxw61.png?width=652&format=png&auto=webp&s=35a75a0bb0fbbf9e6aa4493ece448aad19da1cd8) + +[More Great News!](https://preview.redd.it/bzszewsmqxw61.png?width=1271&format=png&auto=webp&s=753c9872fb18eccedd8fde3a701e70f6d79d1ebd) + +[Bing Search a](https://preview.redd.it/hxrippynqxw61.png?width=1081&format=png&auto=webp&s=a09964bbdfcc38bf73ed69277e545c70c617cbee) + +[Bing Search b](https://preview.redd.it/yhmer00pqxw61.png?width=1088&format=png&auto=webp&s=c17ac384d884e167bf42accdd4b45eb47e79dcad) + +[Google Search](https://preview.redd.it/6otecsvpqxw61.png?width=696&format=png&auto=webp&s=6ce4c514df26b4882af001addfedbe3de4eea981) + +# Question: So what the fuck are we seeing this morning? + +# Answer: Fuckery + +Essentially no other stock ever would every be reacting to this kind of news in the way $GME is. If this does not solidify the **FACT** that hedgies are **STILL SHORTING** the shit out of the stock to try and bait 🧻✋, you're hopeless. The bright side is that they're still pumping fuel into the rocket boosters and the ozone may never recover from this penetration once the fuse gets lit (they start having to cover). I want to remind people **IT IS** ***NOT*** **A MATTER OF IF, IT IS A MATTER OF** ***WHEN***. + +# Short WILL have to cover. + +&#x200B; + +^(TLDR: Buy Dip, Hodl. Little Ken has blessed apes with a juicy discount today.) + +&#x200B; + +Mandatory 💎🙌🚀🌑🐵🍌 + +&#x200B; + +^(None of this is financial advice, I'm an idiot.) +[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/) +Hey guys, I am a FIFO worker and this has been bugging me for the past two weeks, + +I got a message on LinkedIn from another company asking if I was interested in a 2:1 FIFO supervisors position, the competing company does the same work as mine , however the pay was 80-90k below what I would get on the same roster as a supervisor with my company. + +I know supervisors at my company who do a 2:1 get between 260-270k (Add on another 10% if they do nightshift) on the same roster; the other company was offering an 180k package for everything including nightshift. + +Is it worth replying and explaining that this is actually a very weak offer? OR just ignoring it, the other company has been around for long enough to know how pathetic the offer is. + +Thanks for the insight,Someone very new to LinkedIn +Hey guys + +I am currently 23 a bit stuck on what to do with my $120k in savings I am fairly sceptical whether or not I should invest in ETF even though there is a low risk. Been working full time since I was 18 I do plan on studying on evenings at TAFE next year. My current salary is 60k with almost 20k in super no debts and still living with parents. + +Thanks a lot +We will find out when the March CPI numbers are released, but if we assume that CPI has increased as much as the Sept/June quarter (i.e 0.76%), we will potentially have an indexation factor of 1.035 - which is an indexation rate of 3.5%. + +Can someone check my maths (2022 and 2021 Indexation rates below)? + +&#x200B; + +https://preview.redd.it/inr6arqkeqn81.png?width=193&format=png&auto=webp&s=f1e3a9a760d1c54f21c40ad7ae66af2d5bb8b37a +I have been living by a strict budget for the last few months, and I must say, it is very liberating. + +&#x200B; + +A little background: I am 28 and married with a 1 1/2 year old. My wife used to work, but now she stays home with the child, so she brings in no income. Almost 2 years ago, we moved from Seattle to a much lower cost of living area in Arizona. We sold our house in Seattle and made a ton of money on it and moved to Arizona to live near family and so that I could go to work for the family company. My salary roughly stayed the same, but my wife's went away completely. We rented a place from my parents for a while, but last Spring we bought a house and spent about 6 months renovating. We had a good chunk of money from selling our house and from a 401k loan, and we used that money as a down payment and for renovations. Our attitude was that it would be very difficult to do renovations while living in the house, so we wanted to get everything done before moving in. At the time, we weren't living on a budget, so we didn't have a good idea of what we were spending vs saving. The cost of living is much lower where we are now, but we had the baby which meant one more set of expenses. Also, my wife's body had changed some from the pregnancy and she was feeling bored from no longer having a job, so she was doing a lot of shopping, especially for clothing. By November, our money ran out completely. We even blew through our emergency fund. And we still had a little over $1000 owed to the contractor. We had more credit card debt than cash, and I had never in my life paid any interest on any of my credit cards. We got lucky over the next month that I'd get a paycheck right before one of the credit card payment was due. However, even though my wife and I tried to cut back, we still were spending more than I was making. + +&#x200B; + +Mid-December, I knew that a change was needed. I created a budget. I had tried it before, but it had been too difficult to predict everything for the month and it only ever lasted a couple of months. This time, I tried something different. I have all of my monthly, automatic expenses listed first. Those are predictable, so that was easy. In this category I even added things that happen less than once a month, but I divide by the number of months and use that number. For instance, I take my Prime membership fee and divide by 12, and put that number in each month. Then, I added categories that are more variable but I have to spend money on every month. To this I added groceries and utilities. For these, instead of putting a "limit", I tried to predict what it was likely to be. Then, I added a line for what I want to save/invest every month. It would go towards my emergency fund first until that was full, then go towards paying off the 401k loan, and then towards other investing. Last, I took what was left and set that aside for what my wife and I call "discretionary". True discretionary spending is part of that. That includes eating at restaurants, buying alcohol, buying decorations or clothing, etc. It also includes more irregular spending that isn't a consistent amount and doesn't happen in consistent intervals, such as Dr. visits. I track my budget using spreadsheets, and tally up my spending using Mint.com. + +&#x200B; + +We've only been doing this for a few months now, but I feel so much more free now than when I wasn't on a budget. We bought a couch and a Peloton using interest free financing. The money to pay those bills comes out of discretionary, which forces us to spend a little less on other things. Without a budget, I would have said "Hell no!" to both. My wife and I can confidently buy things that we really want or need without feeling like we're spending too much. Many people think of a budget and think that it will make them feel restricted. However, I find that it's the exact opposite. We stop and think about things before making purchases now, and decide whether it's really worth it. We eat out a whole lot less, because we were able to see how much that was setting us back. However, when we do decide to spend our money, we do it confidently and without any guilt. It really is great, and I don't ever plan on stopping. + +&#x200B; + +TLDR: Due to major life changes, my wife and I completely ran out of money. I started budgeting, and now we feel so much more free than before. + This subreddit is highly focused on index funds but I would like to share my thoughts on how to beat the market with an active approach (i.e. by not buying index funds - not active as in day/week/trading) to investing. My hope is to get a discussion going where the active investors of this sub can share their thoughts on the markets and give tips to other investors. + + I am a firm believer in the classic value investing statement: You can't beat the market if you think like the market. To beat the market you have to think outside the box/be a contrarian and most importantly: be right in your contrarian views. If the market thinks something is going to grow a lot over the next years, the market price will reflect that. Tesla is an example. It is priced for perfection and you can't expect outperformance (in the short run maybe but not in the long run) unless it tops these crazy expectations. Therefore I mainly look for value in places where the investor sentiment is neutral or negative. Over my five years as an investor I have found only a handful of stocks (nine to be exact) where my views differed greatly from the market's view and where I had a strong belief that I was right. Nine stocks over five years doesn't sound like much but they have delievered sizeable outperformance compared to my benchmark. + + One of the ways I improve my chances of having a correct contrarian view is by focusing on less followed stocks. If you invest in highly followed stocks you have to have an opinion about the future that is better than 10+ professional analysts. I don't like those odds. Therefore I focus mainly on small caps and smaller mid caps with only a few analysts (if any at all). Small companies are on average subject to a higher degree of mispricing and provides great opportunities for investors who are willing to dig deep and do original, quality research. My research process is long and thorough but can be summed to this: "What is the company's intrinsic value and how sure am I in my estimate? What can reveal the true worth of the company (catalysts)? What are the risks (how much can I potentially lose)?" + + + As written: I hope that other active investors will join and share their investing philosophy/process/other thoughts! + + +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 +My father died a few months ago and he clearly said in his will that a certain Roth IRA account was to go to my brother. At some point in the past, he had intended to give it to me. Unfortunately, he did not change the beneficiary on the account, so legally the money came to me, and I was told there was nothing to be done about that. + +However, I want to give him the money. I want to cash out that account and give it to him, but I am afraid of what the tax implications will be on me next year. I understand that Roth IRA distributions count as taxable income, so I would be responsible for \~14k tax on the \~50k account. Is that correct?? + +Does anyone have any advice about how to get this money to him in the best way or any other advice regarding this? +Two+ years of poverty seem to be coming to an end and I will finally be able to buy myself some new clothes lol + +Been living day by day struggling to pay bills and rent. I completely stopped paying credit cards (owe 15K+) so my credit is garbage but the sacrifice at the time seemed worth it. My wife started nursing school at the time so I told her to + +I had all these bills to pay all while driving Uber/Lyft as only source of income. +$2500 for a 3 bedroom house in NYC +$110 solar energy +$250 water every 3 months + Gas and electric and yes solar energy doesn't f***ng work in the winter. + 2 personal car insurance $220 + Girls Dancing school $175 + kids everyday needs + everyday expenses + groceries + unforseen expenses, shit was just too much! Bank account always in the negative or $0 at end of month , collection agencies up my butt trying to get their money. Rough 2+ years! + + Shit is about to change, my wife graduated and got a good job I found a smaller house to rent for $2200 a month with all utilities included (moving April 15th) will be able to start paying off my debts and finally go to the store and get some new clothes lol and In a few years I should be able to buy a house. + +THE FUTURE LOOKS BRIGHT MY FRIENDS!!! + +For everyone having a tough time, just keep going cause one day things will be better! +I love you all, so so much. It seems like our goal is among us, and soon to be a reality. I LOVE that each and every one of us are here, fighting the good fight, us against “them”. I love that you and me all see what we see in our beloved stock. It’s not normal, what we’re seeing is not normal. + +I see the signs that i presume you all see. Something is coming… it feels like a change is coming and we’re all here waiting for it because we know it’s coming. Other people call us crazy, but for some reason it’s so obvious to us? and they’re the stupid ones. This community and what we’ve accomplish will be remembered for my entire life and probably for future generations. This is big, so big yet the majority are oblivious. + +What exactly is it that we want? The truth? Transparency? Or is it revenge. Revenge for all they’ve put us and others like us through. None of us had done any bad compared to them. Those in control, they manipulate, steal, and punish. They only punish the weak and ignorant. But now we know more than they ever wished of us knowing. The corruption, the manipulation, the fake. Why is it that everything we were supposed to trust is fake and deceiving? + +I believe we are here for a reason. There is a common enemy amongst us and it is our duty to put them in their place. It’s our duty to move towards a real reality, where things are truly just and fair. Truth be told, anything is better than what we have. fuck it i want communism right now, or SOMETHING. I want GMERICA. I want MOASS. I want the truth in everyone’s mind. I want salvation. + +And i can’t have it until these fucks are in prison, broke, and suffering worse than any of us had. MOASS is here. + +Buckle the fuck up. + +I LOVE THE STOCK 🫡🚀🌎🚀🚀🌔🚀🚀🚀🪐 + +by the way it rains diamonds in Uranus. + +Edit: Typo + 🚀🚀🚀 +Moons have changed this sub. For the better or the worse, that is up to discussion. + +I want to talk about the flaws of moons. Their psychological effect. Every I’ve seen in new has had 40+ comments in 30 minutes, but all the posts I make rarely have 15+ upvotes. Not upvoting a post makes almost zero effect, in fact in a post I’d seen before analysing karma and moons, not upvoting 1000 posts will only increase the number f moons you receive 0.17% more moons, that’s 100.17 moons instead of 100. But people don’t care that they barely change anything, they are greedy, and moons have magnified these issues 1000 fold. + +Edit: this post has been live 3 minutes. It already has 11 comments but 1 upvote. This just further proves my statement +Evidence shows that the P.P.T. (U.S. Gov't's Plunge Protection Team)'s trading desk is working behind the scenes to attenuate the rate of decline of global markets. Even with this support, all markets are plummeting, and commodities markets \[and nickel, and wheat, etc\] are being prevented from free trading across droves of brokers and other exchanges. + +*When you were a kid, bartering and trading little cards and toys with other kids, what did you do \[or what would you have done\] if a desperate kid is coming after your nicest little cards and toys? Yes. You quickly retracted your little cards and toys, making a swift pull-back action as you hoard your toys - thereby protecting those assets from them being taken away. If everybody - if every kid - did this at the same time, this is what is called a liquidity crunch. No buyers. Only sellers but nobody to sell to - The End of the Market - where those still trying to sell set their own outlandish prices because there are no market transactions - there is no market data. Only retraction of the assets that you like. The few kids who were lucky enough to hold the nicest assets were the most envied.* ***They just liked the 'stocks'****.* + +Evidence also reveals that the Federal Reserve has acted \[albeit indirectly\] to soften the blow to Citadel Securities (and company) by way of the Federal Reserve Overnight Reverse Repossession Program, which Citadel Securities prominently listed on their annual report. Yet, the securities held as 'assets' rather than shorts held as 'liabilities' on their annual report have indeed undergone an interruption in the past handful of business days. Global equities are in a top3-historic downfall (first 44 trading days of 2022 is in-line with Great Depression levels of declines). Therefore, Citadel Securities is now clearly in the negative (right now as we speak) when you analyze their long holdings and further estimate what their short holdings are (40% meme-stocks). The good news right now is that the Federal Reserve Overnight Reverse Repossession Program is now in a consistent decline. Money is being actively pulled back, thereby placing further increased pressure on these funds on top of the already-dangerous market backdrop of declines. + +However, one thing that a lot of analysts are missing is that Citadel Securities holds both long positions (calls, shares) as well as short positions (puts, short-sales) on the same securities \[as well as those short positions not disclosed via: ETFs, Swaps, and those unreported \[naked\]. So, there is some crossover as Citadel has been trying to abuse the low-borrow-fee \[0.5% to 1.75%\] to take advantage of historic inflation \[8%\]. The longer this goes on, the more they are \[printing free money\] based on the long term inflation-caused arbitrage of their owed-back amount (similar to the benefit of sitting on a long term mortgage while the U.S. dollar dilutes in value). + +Essentially, Citadel Securities has attempted to pin meme-stocks, via outsized positions on both sides of the trade, in order to \[in their last ditch hope\] benefit from this inflation gain at the same time as writing out-of-the-money calls and puts on these meme-stocks while pinning the price \[still while egregiously managing order flows between their own off-market exchanges AKA dark pools where they do reroute buy volume, and the lit pools AKA 'the dump' pool AKA NYSE where they do reroute sell volume\] - all to allow relatively small gains to trickle in so that they can slowly shift their position \[in the meme-stocks\] from net short to net long over many years. It appears, however, that the historic market backdrop right now proves that their long-term hope is untenable: they cannot control the Fed pulling back, just as they cannot control raw company fundamentals, just as they cannot control new SEC and DTCC passages on disclosure of shorts and swaps, and just as they cannot control demand for the meme-stocks while the DOJ and FBI watch hedge funds' every move mid-crack-down on short-selling abuses. Nothing can stop the unstoppable. + +'Long story short' (no pun intended), as Citadel's cash balance becomes dwarfed by their liabilities (shorts) exceeding their assets (longs), and as the Fed pulls back their resources from their most-exploited "overnight" repo program, there is the highest likelihood right now of a historic unwinding of leverage across global equities markets. Standby for historic volatility, and pay attention to meme-stock winners. + +I cannot stress this enough: long-term confidence has gone up with these safe-havens (long term share ownership in the meme-stocks). Next to gold, these meme-stocks are, in my view, the only lifeboats in this volatile market. This is clearly not financial advice - *these meme-stocks are simply the nicest little cards and toys out there, and valuable enough to retract, or safely-pull-in-to-own, during this global liquidity crunch that is now coupled with the historic unwinding of global credit.* +**EDIT 2: This problem has been solved by what /u/DitiPenguin suggested. I went to the link and typed in the incorrect private key along with the public address. It gave me a private key that only had 1 different digit. Checked and it worked. It was however different (by 1 digit) from what I wrote down on my piece of paper and different (also by the same digit) than what was in the keystore file. Still not sure how this happened. Anyway, thank you for your help /u/DitiPenguin and I hope this will help others in the future who encounter the same issue.** + +I was new to all of this crypto stuff, so I decided to dig in a little deeper to find the best option (at least for me) to put some money into. I went through a lot of different currencies and decided Ethereum would be my pick. + +Next I had to decide where to store it. Upon reading lots of threads here on Reddit, I decided to go with MyEtherWallet. I was going to store it here temporarily and then transfer it to MetaMask. I made 100% sure it was the official site beforehand, because I had read about fake websites circulating the web. + +So I went ahead and generated an address. All went well, I noted down the private key it gave me and followed the next steps. I also downloaded the keystore file just to be extra sure. Finally, I had created my wallet with a public address. Great! I used this address to send the Ethereum I bought to and the transaction was successfully completed. I logged out for a while - went out for dinner - and when I got back I realized I still had to move my funds to MetaMask. + +No big deal right? I logged in again on MyEtherWallet using my private key and there it was: account balance 0. Not going to lie, this made my heart race a little (or actually, a lot). I checked the transaction again on the site I got the Ethereum from where it said successfully completed. I clicked the public address (and checked with a scanner) and I saw the Ethereum was still in there. So why wasn't I seeing my funds on my wallet? + +Then I finally noticed, my public address wasn't the same as before. I suddenly had a different public address. Logged out, and retried a couple of times. I copied it from the piece of paper it was on, I tried to log in using the keystore file, nothing worked. It kept on giving me the different address. I logged in with the public key I had before (option to just check the balance) and it was there. I just couldn't log in through the private key, as if it was wrongly generated. Apparently this private key was never linked to my initial public address. + +I looked here on Reddit and found a similar thread. There, they said this issue had a 1/128 probability to happen to wallets generated before December 31 2015. After that date, the bug was supposed to be resolved. Apparently there is still a slight chance for this to happen, because I just went through it yesterday. + +This is not a rant. I'm not blaming the devs - what they do is wonderful and the system works for the majority of people. It's just a small warning for everyone else to ALWAYS double check. If you have generated a wallet, make sure to double (even triple) check if the private key really does belong to your public address. I luckily didn't lose a huge amount of currency, but since I'm new to the crypto stuff it definitely scared me off. I did learn a valuable lesson: don't blindfully trust anyone or anything. Always check yourself first. + +I'm not mad, but merely disappointed. I'm posting this so it doesn't happen to anyone else. I hope this contribution can at least save someone else's funds in the future. I wish you all the best in trading! For me, I'm going to lurk again and have a think whether I want to retry buying any crypto or not. + +TL;DR: The private key MyEtherWallet gave me was never linked to the public address it gave me. When logging back in after some hours, it gave me a different address. I retyped the private key multiple times and even tried to log in using the keystore file, but nothing worked. This is a warning to always double check your stuff. + +EDIT: forgot the word address in my TL;DR +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! + +BTC is going higher, and this is maybe because the forthcoming 2 hard forks. My concern is that BTC did not have a major correction yet, and it will have one sooner or later. + +Recently, when BTC goes higher, ETH stays. When BTC goes down, ETC also goes down. Therefore, I concern that the major correction of BTC can negatively impact ETH dramatically. + +Another scenario is that BTC money can flow into ETH during the major BTC correction. However, for the reason given above, it is not highly likely. + +Are you also nervous about the recent rally of BTC too? +I’ve been dollar cost averaging for the past 4 years and I decided to spice it up last week by hopping onto the GME train. I figured I had money i was willing to risk using <5% of my portfolio and I fortunately got in at $94 last Monday. + +I was seeing 3-4x gains throughout the week and I definitely got caught up in everyone else’s euphoria at WSB saying to diamond hand it to $1k. Looking back, I should have followed DFV’s footsteps last week and start locking in profits on the way up. While I’ve already learned years ago to not FOMO and buy high, I learned this week that unrealized gains are WORTHLESS and you shouldn’t hold the bag for too long. + +I still got out green and it was only <5% of my portfolio. I know some people have it worse by putting in way more than they can afford to lose, but I didn’t realize how emotionally invested I would be and how bummed I would still feel for letting the crazy 3x gains slip away using. Unless the money was life changing, it wasn’t worth the emotional roller coaster IMO. + +Lessons I learned: +-Lock in profits as soon as you start feeling euphoric from the gains + +-Don’t let other people influence your decisions + +-GET OUT once the hype train gets in + +If you guys have any other tips, please let me know!! +Hey /r/pf + +I think I'm about to get canned. I made a mistake and I think I'm about to get fired for it. I don't hold it against them in any way, I made the mistake. + +What I want to talk about today is the importance of an emergency fund. I was freaking out an hour ago about how I was going to handle things. How was I going to put food on the table? + +But I have a three month emergency fund. I ran through the numbers, and I will have enough to get me through half of April (rent covered for April, other expenses not) so I at least have a roof over my head for four months. + +And all that assumes I don't have any income the next three months. + +I have a sought after degree, and to be honest I hated this job. The mistake I made was about something stupid (edit: stupid on my part) I was never trained for. I should have taken steps to avoid the situation, but I know now what to do and how to avoid it in the future. I won't be doing it again. And it isn't something that would affect any other company I would work for. + +Just a real life reminder: emergency funds are important. + +Best part? The savings will go through the lease period on my rented house, so I can move someplace cheaper at the end if I need to without breaking contract and having fees. Friends can help me move. + +I can stay in my house for four months. I won't be on the street. You have no idea how calm I can be now in the face of this situation I put myself in. I'm going to get fired. But that doesn't mean my life is over. It doesn't mean I can't still move forward. I don't think I would be able to push forward if I didn't have this fund. + +Don't put it off. I wouldn't have expected this to happen two weeks ago. It took six months to save this up. It is worth it. + +TLDR: all expenses covered through March. Rent covered through April. Not scared stiff about the future. Scared, but in the useful "I can beat this" kid of way. + +------ + +Edit: + +I'm at home today. I'll find out Monday what happens. + +This post was supposed to be more about spreading the word about emergency funds and why they are necessary than it was about my work issues. + +Thanks for the kind words. I know I messed up. I know my senior coworker messed up. I know the process guy messed up. I'm not putting blame on any of us. We all had a role in what happened, we all had responsibility. We all made bad choices. + +I'm just glad I don't have to worry about where to sleep or what to eat. + +---- + +Edit 2 + +What I did: + +http://www.reddit.com/r/personalfinance/comments/2r3xs7/emergency_fund_is_about_to_save_my_ass/cnc9vka +I'm not usually a top-level poster, but I see a blind spot that is easily manipulated and it would be remiss not to bring attention to it. + +Remember when Gamestop NFT Twitter first came to life? Remember the excitement and the rush to discuss and read and speculate? + +Within two hours, Kenny did an interview where he said a thing he *knew* would get a rise out of so very many of us. And he did. + +The result was that the board was cleared very heavily of anything NFT related and focused directly on him, and his narrative - despite being disagreed with - was the loudest thing in the room for well over 24 hours. + +In the fallout, the second Gamestop NFT Tweet ( https://twitter.com/GameStopNFT/status/1527665595357057027?s=20&t=ZBSwKq-J2J4FAzqprumWDw ) went largely ignored. I think it made it into the top 10 posts on the fp of our subreddit, but no higher than number 7 and not at all to all. + +I suspect this will happen again, and hope we can all be aware of this tactic. The next time Gamestop makes an appreciably exciting announcement, they are likely to say or do much worse to redirect your attention to them and away from Gamestop. + +If we are overwhelmingly talking about them, we are not engaged in Gamestop's paradigm-changing efforts. We are no help. And we are the ones here to help. If we are not buzzing about Gamestop, who is? If we are not helping to usher in the new marketplace and educate others in the new ways, who is? + +I can think of only one other group who is poised and ready to give a first and narrative-setting opinion on the new marketplace, and they do not have Gamestop's best interest at heart. If we are distracted by their intentional drama, who will be the one to set the tone for this? + +I know it's tough, but we're reaching a moment where we must set aside egos and focus intently on the one thing that is *inarguably* our financial future, and likely the financial future for many, many, many more people the world over. + +Kenny does not deserve to have this entire sub dedicated to amplifying his distracting narrative. A post or two is fine, but we need to be acutely, keenly aware that we don't let the baby (Gamestop) go down the drain with the bathwater because we're so incensed by something some financial troglodyte said we can't see straight. + +I'm not asking for action. I'm not asking for anyone to change their mind about how much they hate Ken. I'm simply asking for awareness, and readiness the next time this happens. + +Thanks, peepos. ❤️ +Hi all. + +According to take-home calculators I've found, I will be paying $30k in taxes in 2015 because my income will be $75k. This seems absurd - that's almost half my paycheck! I live in California. + +What gives? + +sidenote edit: I previously made less than $20k, and paid ~$4k in taxes total, which was 20% of my income. + +Edit 2: many thanks to everyone who commented and helped me understand this tax issue better. I learned two important things: (1) I need to remember deductions and exemptions, and (2) I misunderstood the 25% tax bracket thing for the 50-80k salary range. Thanks guys! + +And just as an aside, some of ya'll are hostile as fuck. I've been a redditor for over four years now (old account was compromised so this is my new one), and I've never before been downvoted the way ya'll are downvoting me, and have never seen anyone be downvoted like this except in certain subreddits (trollx, etc.). Damn, guys. +One of the most common mistakes I have often seen from new traders is a tendency to stack indicators together that are measuring the same category of technical analysis. This can lead to overconfidence or misjudgments, when it seems that multiple signals are in agreement, but in actuality the trader is just using the same category multiple ways. + +There are four basic categories of trading indicators. Note that some indicators measure more than one category: + +1. Trend + +(ADX, Moving Averages, MACD, Parabolic SAR, Bollinger Bands) + +2. Momentum + +(Stochastic, RSI, CCI, Williams %, MACD) + +3. Volatility + +(ATR, Bollinger Bands, Standard Deviation, Keltner Channels, Envelopes) + +4. Volume + +Here is a image I have used for many years that makes it simple. Hope this information is helpful to those learning: + +https://ibb.co/7kf01yG +I moved to a small town where there is 2 bakery's, I'm a baker and apply at one, I get the job. We started to get paid by check for the first year then the second year it's swapped to cash, we only get payslips when we ask. I've been there for 2 years and last financial year I asked for my group certificate and boss kept saying she was getting to it until Christmas and now I've stopped asking. + +What should I do, am I screwed? +SO i graduated from bachelors of economics and finance and am in the process of looking for a job. But I am struggling to get any leads. I have an average of 70%, no internships. Is or was anyone else struggling to find any finance jobs out of uni? +Hi my idea is to put down a list of all of the most used softwares per industry in Australia. + +For example in big 4 consulting, I would say power point, word, visio, excel, power bi. + +If you are an engineer, AutoCAD etc etc. + +I also wonder what project managers use. + +What about in the government sector ? Like SAP etc. + +Hit me up with what you got 🥷🏻😀 + +Please also write your job name + +Extra question (IF YOU HAVE TIME): would you say your job can mostly be done by just knowing how to use that software or you substantially need other skills? +I really would like to be minimalistic and have as less stuff to manage as possible. + +So far, I have only had 1 current account with Barclays. I'm thinking of switching to Starling and then get a credit card with Barclays. So if anything goes wrong with my current account, I can just use credit card for emergency and get the current account fixed before I run out of credits to use. + +What do you think? +Hey /r/pf, + +I bought these tickets for a special event that has now come and gone. I was unable to go as I never received my tickets. I paid a reputable vendor for them with my debit card (first mistake), and waited patiently for them to be transferred to my account (second mistake). Now, after dealing with their customer service, I'm being told that all they're able to do is give me a $50 voucher for tickets for next time. The website even has a money back guarantee (seatgeek) that they are not upholding. + +What are my options here? It's already taken me almost a week just to get declined a refund, and I want to act quickly from here. Is going to my bank and marking that as a fraudulent charge a good idea? Is there a better route that might get me my money quicker? + +Thanks for the help. + +E: I appreciate everyone's help. You've given me a lot of things to look at, a lot of info to gather, and a lot of conversations I still need to have with the companies involved. +>o wow, did not expect yesterday's post to get as much attention. I apologize for the reposting as the original argument was debunked. I have added some facts, some new relevant information and what I originally posted for transparency, I want to remind everyone it is important to continuously fact-check each other to make sure our information is accurate to maintain the credibility of this subreddit! + +**This is the fucking sub we were born to be**; this is the shit we need to be known for, not for bananas or potatoes in our assholes (sorry u/rick_of_spades it's nothing personal), but for being brutally self-aware and meticulous in our DD because **this is the fucking way.** + +&#x200B; + +**edit: Here's the link, but it's more fun if you google it for yourself** + +[**https://www.reddit.com/r/Superstonk/comments/oxz8kg/bank\_of\_america\_is\_short\_gme\_and\_is\_positioned/**](https://www.reddit.com/r/Superstonk/comments/oxz8kg/bank_of_america_is_short_gme_and_is_positioned/) + +&#x200B; + +**Thanks to everyone who has pointed out that I don't understand cookies, you'd never believe it but I actually did think about this and ran searches in multiple browsers and on other peoples' computers and, lo and behold, it returns the same result.** +There is a lot of discussion on the equity portion of the portfolio, but a lot less regarding the bond side. What types of bonds should be considered to make up the other part of one's portfolio? Are bond funds acceptable? What about higher-risk bond funds, like investment grade corporate bonds? + +Edit: I am also interested in explanations about bonds separate from financial advice about bond allocation in my 20’s. What kind of bond funds do you own, how and why did you choose them, etc. +whenever you go ask a financial advisor or a banker, an asset manager or even the subreddit personalfinance: "what do you recommend when it comes to increasing my personal net worth? how can I build a better future for myself and my family financially speaking?", all they are talking about is the unicorn called "compound interest" and in their best case scenario example they talk about the unicorn 10% annual return and keep it up for at least 20 years. + +I understand their logic, the financial mechanism and the plan they are suggesting and for years I tried to find that stock or that deal that will give the elusive 10% annual return rate. + +I read books that talked about the subject and all of them suggested creating a business then selling it for profit, investing in the stock market, buying ETFs and funds and beating the index by 8% in a 20 years span. + +I even heard someone suggested that I find a way to let some hedge fund manage my investment and get that sweet 20 % annual return. + +fast forward to this year where with Ethereum we are "disappointed" when we have +5% growth per day. + +I began investing in ethereum three months ago (late February) and since that day I had a return on investment of +600% and it has been only three months. + +Sometimes I'm asking myself "suppose ether would be worth 1K$, suppose you sell everything, what would you do with the money? invest it? spend it? invest it in what? stock market? real estate? get money out of a %500 annual return to put in what? a +20% annual return in the best case scenario?" + +I have friends who are in the financial world (M&A, stock market etc) and they literally wet their pants talking about that miraculous one in a lifetime deal with 30% return and I'm here getting accustomed to +100% monthly return with ethereum. + +When talking about investments and projects, I find myself disappointed when I know that in the best case scenario my project will have a +20% or +25% (or even the elusive unicorn +100%) return on investment or annual return, which for 99% of the human on Earth is a miraculous deal and everyone would sign in in a split second. + +Ethereum and crypto world in general made me rethink my whole point of view toward investment and what I consider as a "good investment". + +thank you Ethereum for ruining my views on investments and thank you ethereum for making me realise what it means "shoot for the stars, if you don't succeed, you'll end up on the moon" and thank you for giving me the control over my future and for giving the power to offer my family the life I ever dreamt about proving them with. + +thanks to Ethereum I'm in control of my own destiny and that is priceless + + +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! +https://www.cryptocoinsnews.com/ethereum-solidity-flaw-dao/ + +*The author clarified that he was simply reporting a direct quote from a Cornell researcher with the full report linked in the article. + +IMPORTANT: + +-Revolut + +-Vanguard + +-Fidelity + +NEVER halted trading! THEY ARE BETTER THAN WEBULL. + + + +-Saxobank + +-XTB + +-Tastyworks + +-Degiro (though they blocked stop loss orders - really weird) + + +have also been said to be ok by users. + + +Prevented/halted trading due to technical or other reasons: + +-SoFi (potentially technical issues) + +-TDAmeritrade + +-Merril Lynch (halted in AH) + +-FreeTrade UK (conflicting reports of buying only being allowed after 3:58) + +-Schwab (imposed restrictions on trades for a time according to users) + +-E Trade (last hour of trading - could very well have been a server issue tbf) + +The aforementioned were previously said to be ok, but users claim they either blocked orders or halted for some time. Need proof. + +Disclaimer: its a Chinese company. I know that might bother some of you guys and they're far from perfect - they halted trading as well earlier today. They do however offer advanced charts and a discussion section. They also allow extended hours trading. + +The only thing that RH has over them is a sexy UI. Besides that, RH is a bunch of shills with a shitty platform that folds under heavy volume constantly - and a broker that halted trading to benefit the institutions while claiming it was for your own good - remember that. +Would anyone consider moving to a country with a lower tax rate and buying citizenship there? + +I have read it is beneficial in many respects and the tax saved can be be a very significant amount of money when we get into 8 figures usd... + +Peter schiff has already done it and recommends it, among many others individuals who have moved to Panama, costa Rica, Singapore, St kitts etc +So apparently the mods here have banned discussion of bitcoinXT. +Most here seem to view this as authoritarian censorship, and I am inclined to agree, but I could be convinced otherwise. + +My main issue with all this, is that its all so secretive and underhanded. +If you have a fair and logical philosophy as to why discussions of the hard fork can not go on here... Lay them out. Put it up in a sticky, and provide a link as to where people can talk about it.... because people are going to talk about it. It is just about the most important topic in bitcoin there is right now. + +If you think that taking about Fork options is too distracting for this subreddit, thats one thing, but if you try to sweep the discussion under the rug, thats when things become manipulative and dishonest. + + +Even if we dong get a sticky, could someone at least post here the most active communities where one can freely discuss the bitcoin fork? +I thought some of our younger redditors might find this online course useful + +[https://www.futurelearn.com/courses/managing-my-money-young-adults](https://www.futurelearn.com/courses/managing-my-money-young-adults) +Ive been bere since this sub opened. I was here for the migration from the old site. Ive been here through it all. Things are WAY DIFFERENT today than they were long ago. I want to bring everyone back to Fall of '21. + +Was anybody here for that? The days when we had real DD writers? Criand was a god, people thought he was RC in disguise....enough of the reminiscing. Fall of last year this ENTIRE SUB was in a rush to DRS. Our legendary DD writers brought us proof about DRS. We went through all of the same questions and fears that we are today. + +In the end after all the discussion, this sub came to a conclusion. That conclusion was DRS is the way. The ONLY way. Has everyone forgotten? We thought then that MOASS was tomorrow, people were scared of NOT DRSING! After the Terms of Service agreements were posted and discussed, it was a general consensus that if you did not DRS your shares, your broker could freeze you out in THEIR best interest. + +There were people then that claimed that they couldn't DRS. It was discussed, DD was written about it and we concluded that THERE IS A WAY FOR EVERYONE TO DRS THEIR SHARES. Anybody who wants to can. I cant remember the specifics, but it IS IN OUR ARCHIVES! + +If you newer guys choose to not believe me, at least look into it for yourselves, it is there. DRS your shares guys, don't think that you know the answers on your own. Respect what came before you. This entire movement would not be possible if not for those who came before you. You would not have this opportunity if not for those who came before you. Do what they did, DRS YOUR SHARES! +This is just me being frustrated. I just wanted to say it. + +I have sensory issues. There are a lot of things I can't eat, trying will legitimately make me puke. That's not hyperbole- I have thrown up from that before. I was trying my very hardest, choking and gagging, to just eat the food. I threw up anyway. I'm not just a spoiled child or something, I really can't keep a lot of things down. + +People have told me all my life "Well if you won't eat [food] then you just must not be really hungry." I get so mad. I've been in a situation where I was dropping weight like crazy and near passing out because I was starving, and I still didn't eat that stuff. Why? Because throwing up is not productive when you're hungry! I was living off a few potatoes a day at the time and no one considered it an issue because there were canned green beans and whatnot around that I wasn't eating. That I couldn't eat. It messed me up bad and I still have food anxiety issues from it. + +For perspective, imagine you found a rotten piece of days old fly-covered chicken in an oily puddle on the side of the road. Imagine someone told you that if you were *really* hungry, you'd just eat that. That's how I feel a lot of the time. + +But the list of things I can eat is so darn small. I rely on meat a lot, which gets *expensive*. I can't make any of those cheap meal recipes, because most of the time a good 2/3rds of the ingredients are inedible to me. I try to use as much cheap "filler" food (rice, bread, noodles, potato) as I can, but you can only eat so much of that stuff in one sitting. Or at least, I can only eat so much of it- If I try to eat nothing but fillers for a meal, I start getting flashbacks to that time I was starving and was living off nothing but a few potatoes a day. Then my food anxiety starts coming back, then I end up binge eating because my brain is a panicked animal. + +It's so darn hard to balance cheap meals with both sensory issues and knowing that if I cheap out too much I'm going to end up in that food panic spiral again. + +I'm okay. I'm not starving right now or anything. I make enough to cover my essentials- barely, but enough. I just get so frustrated with myself when I see how much money I could save, if my body would let me eat cheaper. I'm jealous of people who can have beans on rice. But oops, I can't eat beans. + +I'm just frustrated. I just wanted to complain. +While it violates the typical creed of the FI movement, and most of my personal mantra for the last 25 years, I did some selling today (to bring my total allocation to 50/50). I thought about it all weekend, and moved forward this morning. + +Background. Mid-forties, sole breadwinner of the family. Highly paid job, but also incredibly volatile. I'd say a layoff later this year is quickly becoming nearly certain. + +I've been saving hard for 20+ years, and have seen both the 2000-2001 "dot com" crash as well as the 2008 financial crisis. In both of those instances, I kept buying, and in the end was better off for it. + +Now, I'm incredibly close to FI. In fact, before this downturn I was 1-2 months away from complete FI. I wasn't 100% ready to quit my job, but my thinking was that I would stay for a while, and at some point phase out of that job and move to something less strenuous like part time consulting. + +I was already 65% equities / 35% bonds. That provided some stability in my portfolio, but with stocks falling like they are, even that didn't provide much protection. + +Over the weekend I decided a few things: + +1. This **may** get much worse. A million dead and months of economic shutdowns will cripple our economy. I don't know if that will happen, but it is not unlikely. +2. A loss hurts me more than a gain helps me. Once I'm at FI (where I basically was) a 500k gain provides extra padding, but doesn't really change things. A 500k loss changes the plan completely and takes years to recover. + +With my current 20% loss, I can recover and still be FI in another few years. + +If I lose 50%, it would take me 5-10 years to recover. + +My thinking is that I'm willing to pay the price of missing a potential quick recovery in order to preserve what I have and avoid any possibility of having to work another 10 years. + +&#x200B; + +Thoughts? +Usually the focus is on day trading, but I am curious what arguments people can conjure to put away a decent amount of money in a coin and forget about it, and which ones even to avoid? + +EDIT: some solid info in here keep it coming! +I put my whole script in here, so all you guys can read without watching my video and it's not advertising. The video link will be at the bottom: + +Everyday I receive more and more messages about cryptocurrencies and how to invest. + +Now I have to be careful in giving actual investment advice, but I would like to give some beginner TIPS to investing in crypto currencies. + +Firstly, should you invest in cryptos? + +If you believe that a decentralized financial system will overtake the traditional financial system, or if you believe the usage will massively increase in the next few years then it’s something to consider. + +If you think cryptoeconomics as a system will fail, then you should invest in assets that match your beliefs! + +You should not buy cryptos to make fast or easy money! + +Fuck Trading! + +Technical Analysis, News Reacting, Arbitrage Trading are activities that are only profitable for a very small percentage! It is advertised everywhere and often, because the exchanges makes money off your trading fees and people make money selling you dreams and systems! The more you trade the harder it is to beat the market. Also it is a mentally tough activity. So 99,9% of you people should really not trade, but rather invest. + +What is the difference between trading and investing? + +Investing is when you buy one or multiple cryptocurrencies and hold it for a at least a mid to long period of at least 6 months. Now, the exception is if the price jumps up extreme; to the point where you think it’s overvalued or something other changes that is decreasing the fundamental value of the currency. This is based on Benjamin Grahams fundamental principles of investing! + +Which cryptocurrencies should I buy? + +This is tough. Honestly I think for beginners it is best to buy cryptocurrencies with less volatility. Less volatility in cryptocurrencies is still way more than with traditional stocks. We experience 20% drops or wins on any given day often! This can be tough to handle, so if you just started investing this can hard to handle. I also think that on average the bigger cryptocurrencies gain more than the sum of all the smaller altcoins, even though it doesn't seem like it. I will make another video about this soon. + +What are the cryptocurrencies with less volatility? + +Every cryptocurrency that is in the TOP 10 for the last 3 months! Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, NEM (which I personally don't like). The other ones are not for beginners imo. I will make another video about those though. So learn about those cryptocurrencies and look to see which ones match your beliefs the most or invest in all of those to reduce the volatility even more! + +https://www.youtube.com/watch?v=wf4yLByJXgk +Hey guys, + +We all know how big FUD is in this space, as well as outside of it. South Korea banning crypto FUD caused quite a price swing many a time. Fake news on Facebook helped get Trump elected and helped Brexit. How can we stop this? Any platforms that can validate content? Maybe the blockchain could be used in some way to prevent fake content being distributed to the mass? +Hey guys, + +We all know how big FUD is in this space, as well as outside of it. South Korea banning crypto FUD caused quite a price swing many a time. Fake news on Facebook helped get Trump elected and helped Brexit. How can we stop this? Any platforms that can validate content? Maybe the blockchain could be used in some way to prevent fake content being distributed to the mass? +Title,I want to start making money with cryptocurrency but I don't know at all in what to invest,to sum it up I do have just 30 dollars my grandmother lend me,Im not sure if that's too much to start,but I want to see how it goes. + +I am from argentina 22F,so understand my lack of writting english skills :) +Every. single. time. someone posts how they reached FI in their 30s you will always get a sarcastic comment: + +"Yeah bro just make $500K per year at age 22 and save 80% of it!" + +"No worries just have parents give you $500K seed money at 18!" + +Look, anyone in their early 30s who reached FI did via 3 ways or a combination of the 3 + +1. Lots of risk (Invested $20,000 in TSLA at IPO which turned into $2 million) +2. High income/high savings rate (Amazon dev @ 22 earning $150K + $150K stock options) +3. Luck (born into wealthy parents/seeder money given from parents/business that sold for milions\*) + +\*Combination of luck, hardwork, great timing + +&#x200B; + +And none, I assure you, none of the 3 are easily replicated. If it was that **easy**, EVERYONE would be FI in their 30s. + +So let's just stop hating on anyone who is FI in their 30s and accept that they did it via some combination of the 3. +It’s so simple, yet it took me a while to pin it down. It is NEVER too late to buy bitcoin, even if it’s at $1,000,000, because it’s not so much about making money as it is about protecting the value of your existing money. +Can someone help me understand? Everywhere people say buy Google. But looking on openinsider.com for example shows me that GOOGL insiders are just selling. Is it somehow normal and I just don't understand? +I wasn't going to make a post today, but I came across some big volume that was quite noticeable. I'll be working on upgrading my tool tomorrow and Friday, so I might not have enough time to make a post the next few days. I'll be working on being able to filter all the data whether or not it's classified as "unusual" and also by volume to open interest. This will be big to scan through unusual activity easier. + +&#x200B; + +If you want to check out my unusual [options activity tool](https://www.swaggystocks.com/dashboard/stocklabs/option-flow) you can do so for free right there. Search your tickers and you can see all the big options block trades that my algorithm picked up today. + +**Summary** + +Markets ripped higher at the open, does it make sense? Probably not. Many companies are already at record valuations if we look at historical price to earnings. Regardless, stonks only go up. Here’s Swaggy with some summarized option flow and unusual options activity. Let’s get started so I can appreciate this bottle of red on a Wednesday night. + +**BABA – Alibaba Holdings** + +I mentioned this stock in my previous post. The two weeks leading up to it’s breakout there was some big call activity accumulating. The stock has exploded recently to new highs and nothing can stop it. Today was nothing unusual except the volume of calls that was being traded. For reference, Monday’s call flow was running at 20x average volume, today’s volume matched that and then some, truly remarkable stuff. My algorithm caught nearly $225 million in bullish options activity activity. Last week the average was $15-20 million. What gives? BABA had very strong earnings last Q and they just announced expansion in China. Overall China is the next super-power economic force next to the great USA. + +https://preview.redd.it/4pduakhzaq951.png?width=2840&format=png&auto=webp&s=fee6134c88bc3909d4d75a8a35da6441e9851358 + +**TWTR – Twitter Inc** + +Twitter opened strong for the day on news that a subscription feature allowing users to host subscription services will soon be revealed. TWTR saw approximately $32 million in bullish flow, according to my tool going above and beyond any unusual flow leading up to that. Some of the bigger positions were in the millions of premium and between 5k-20k contracts a piece. BIG FLOW. + +https://preview.redd.it/r09eap61bq951.png?width=2962&format=png&auto=webp&s=50ff7dc978452e1f92cbe91b2ea173473699a77c + +**SNAP – Snap Inc** + +Option flow in SNAP was running at approximately 20x normal volume for the day. Rumors of Snap’s rival, TikTok, getting banned across the United States gave this stock a boost. I saw some bullish flow outweighed bearish flow by about 1.5 to 1. + +https://preview.redd.it/y6yyggj2bq951.png?width=2960&format=png&auto=webp&s=48fe98a6324275184c58d6c3ecfc2bab1928a55b + +**FEYE – FireEye** + +I caught only 1 trade today in the FEYE ticker. Recently, this stock hasn’t seen too much action so this buy definitely stood out as unusually bullish. A player opened 3,700 July 31st calls at the $13 strike for $200k in premium. The strike price is approximately 8% OTM and they are gambling on a relatively big move to the upside in the short-term. I’ll be keeping my eye on this one and might get in on a dip tomorrow. + +https://preview.redd.it/v4ew6txcbq951.png?width=2954&format=png&auto=webp&s=dba678ae5aecefce55f4c9521eaeddedf0f3f1c4 + +**DDOG – Datadog Inc** + +Bullish flow just keeps coming in this thorough-bred ticker. The stock has already seen a meteoric rise of nearly 45% in the last 3 weeks. Today looks like call buyers continued the sweep in the $100/$105 strike prices. These are all short-term positions so could possibly the players closing previous positions and rolling out some of the profits in hopes to ride the momentum. + +https://preview.redd.it/6cff4fuebq951.png?width=2958&format=png&auto=webp&s=4998b64fe661c049501294c4b1d36fd492f5243b + +**JD – JD.com** + +This ticker saw an absolutely colossal long call position opened today. 25k September call contracts opened for a roughly $40 million position. The strike price was about 20% in the money at the $50 strike (stock is now $65). + +https://preview.redd.it/m0aww0ujbq951.png?width=2960&format=png&auto=webp&s=cf2906ccdb35d6ea5286d9e083bdbfee79c4e5f2 +# PREFACE + +I labeled this "speculation" even though it is largely based on research and evidence, I am still speculating on the future. Before you continue, I want to be clear that this is not your average tinfoil speculation. This is a theory built around “The Dollar Milkshake Theory”, world history, geopolitics, current events, and of course, our favorite stock. The current events have been anxiety-inducing and straight up depressing, but hopefully I can offer some perspective. If you disagree with me, please present and argument as to why you disagree. Don’t just call me a tinfoil nut. This is speculation is well researched, and I can back it up with sources. You’ll see how this all ties into our favorite stock later. + +Please bear with me as I will be giving you a brief history lesson in order to lay out my ideas. There are also couple sources that you should read/watch first to better understand the concepts I am about to label out to you. + +* You absolutely need to read u/peruvian_bull’s “Dollar Endgame Series before you continue. If you don’t my post will make no sense. Reading it from front to end (NOT TLDR) will help you better understand what I am about to lay out. +* [The Dollar Milkshake Theory by Brent Johnson of Santiago Capital](https://www.youtube.com/watch?v=xxzy3sLs4Bs) (which is referenced several times in u/peruvian_bull’s DD. MUST WATCH. This video is EXCELLENT at explaining what we are experiencing right now. +* (optional, but very helpful) - [Ray Dalio’s “Principles for Dealing with the Changing World](https://www.youtube.com/watch?v=xguam0TKMw8). When watching, pay particular attention his presentation of historical events which drives his thesis. He does a great job laying out his thesis on the “Shifting World Order”. This thesis argues that empires exist in this cyclical cycle. If you watch any of Ray Dalio’s other stuff, you will know that he is largely pro-China. He fails to consider the weakness of autocratic governments, and of course, The Black Swan. + +# MONEY IS POWER + +https://preview.redd.it/mp3n2yy934r91.jpg?width=595&format=pjpg&auto=webp&s=91d3062808fd0d941b0fa28ea5001959cc45fd07 + +"Money is power." This has been the way of our species since the formation of early societies. Civilization began in Mesopotamia, a region which is now modern-day Iraq. This region, responsible for the first “civilized humans” was the first region to be known as the “cradle of civilization”. The definition of a civilization is depends on the Historian you talk to, but the vast majority of historians agree that Mesopotamia was the first. Paleolithic humans began arriving in the fertile flood-plains between the rivers Tigris and Euphrates, eventually settlements were humans adapted to begin to rely on agriculture, rather than hunting-gathering in order to survive. + +We can look here, to the first moments of civilization to understand the consistency of human nature and the importance of wealth. In Mesopotamia, the upper classes included (but was not limited to) the upper class were the kings, the land-owning families, priests and priestesses and their families. Although the proof is lost to history, it can be presumed that the first upper class/lower class in Mesopotamia was a direct result of the first humans settling there. In simpler words, the first humans who settled in Mesopotamia assumed ownership of the land. After settling, they would have likely employed (or enslaved) others to farm their lands. + +For centuries, empires would draw their wealth from the lands and resources they controlled. And for centuries, countless wars would be fought over the wealth of this land. The more land you owned, the more powerful you were. Kings drew power from the land. They understood that if you control the land, you control the people and all future resources that land can generate for you. However, we can be more specific. We can say that humans have drawn their power from their wealth. + +This is the reason for the countless wars fought in our short human history. This is consistent until the birth of the Fed and the domination of the USD (see u/peruvian_bull's DD). + +After beating the British (with the aid of the French and Spanish ofc), the Americans would go through a tumultuous period where they tried to figure out how to rule their country. This of course culminated in the American Constitution and the birth of our current financial system. + +Alexander Hamilton, perhaps the least talked about, and arguably the most important Founding Father in American History, recognized that the country needed to be wealthy in order to be strong. This presented the need for a stronger Federal Government. This represents a point in time where the importance of land in wealth was diminishing, and the idea that “money is power” was materially reflected in an empire. + +A prolonged period of peace begun upon the conclusion of the Napoleonic Wars in 1815, where the world would begin a rapid period of globalization. International trade exploded as the Industrial Age begun. The population began to explode as the standard of living increased. America was growing at a faster rate than any other country. + +Here is where I would like to refer you to u/peruvian_bull’s series of DD. He does a great job at explaining the history of the system that we live in, and how the system benefits the USA, and how this entire system is coming crashing down. + +**The most consistent theme in human history is, “Money is Power”.** + +# A NEW WORLD ORDER? + +https://preview.redd.it/9ge8rgfv34r91.png?width=829&format=png&auto=webp&s=f95a8b52118b9373a8d2dc29af5aac942ab2350e + +The endless cycle of empires. This is what Ray Dalio’s video “Principles for Dealing with Changing World Order” talks about. Although he only presents examples from the last 500 years, the concept can be applied to most empires in our human history. With a few exceptions, the birth and death of empires will generally follow this model. + +If you have read the DD, you can already think of examples. And I also know what you’re thinking… Yup, the American Empire. Did you know that the average life of an empire is 250 years? + +American Revolution 1776. Current year 2022. You do the math. + +As u/peruvian_bull talks about in his DD, the current system creates artificial demand for the USD. In this system, the US runs a trade deficit, and has the opportunity to borrow at extremely low rates in order to satisfy the international demand for the dollar. This is effectively an economic empire, where the US systematically colonizes the wealth of other countries. + +This same very system is collapsing in front of our eyes. This is a system that the governments and elites understand very well. I believe that the Great Recession of 2008 revealed to China and Russia the weakness in the American Financial System, one that they would attempt to take advantage of to establish “A New World Order.” + +After 2008, we saw a rise of Chinese and Russian involvement and antagonism to a level never before seen. The Russian and Chinese would seek to weaken the US, using methods that they have never used in the past. Particularily effective was their disinformation war, resulting in a never before seen left-right divide in American politics. Putler and Winnie the Pooh would seek to divide and de-stabilize the west. They would do this by conducting an vast disinformation war, running so-called “Russian Troll Farms” and meddling in American elections. By weakening the west, they increased the chances that they see the rise of their own empire. + +# THE DICTATOR TRAP + +Russia and China however, fell victim to their own system. Autocratic governments operate on fear. Fear is what keeps the leaders in power. Fear is also toxic to your system. It lets corruption spread slowly, and then very rapidly. It spreads to the point that you can find corruption in every corner. This corruption and fear eventually result in the downfall. We see it today. Let’s take a look at China and Russia. Here I will speculate a bit, but given what we know about the Dollar Milkshake Theory, I believe that most of Russia’s and China’s geopolitical plays in the past decade can be explained by it. Let’s take a look at each country and attempt to explain their geopolitcal moves. + +In Russia, Putler has been failed by his system and his advisors because of the fear he instilled in them. If he didn’t hear what he liked, you could be sure there would see be a news article about another man falling out of a window tomorrow morning. (and that man was going to be you). This created a culture where important information, despite being shitty information, can be witheld from the leadership. This is something that has probably been going on to varying extent, and a large contributing psychological factor that led to the collapse of the Soviet Union. Putler likely has poor transparency of his entire country. This led to his greatest miscalculation. The invasion of Ukraine. + +I believe it was Putler’s intent to use the war in Ukraine to further destabilize and divide the west. His poor intelligence, a symptom of his system will result in his downfall. By attacking the west, he intended to turn the Western countries on each other, just as he did with the annexation of Crimea. I believe his recent escalation of actions, (sham referendum, nuclear threats, nordstream1/2??) are a double/triple/quadruple down in an attempt to weaken the west further, gambling to rise as a victor from the collapse of the US Government. + +China was the same. This is kinda tin-foil, but I think that China took on all that debt knowing that the system was going to collapse. They allowed for the ponzi-scheme that is the Chinese Housing Market to grow to an obviously systemically dangerous point. They did this ALL while servicing unpayable debt in the high-speed rail system to improve their infrastructure. They did this rapidly, without regard for profits. They burned endless amounts of money, taking on debt that surely would never be paid back. They burned billions by in grants to companies, trying become the dominant player in the EV markets. + +I believe the Chinese tried to take the “roadmap for a successful country”, picked the things that made a country look outwardly modern, and took on debt to drive those projects. It explains the reasoning behind the “Belt and Road” project, and all the costly (and horrible) investments in countries such as Malaysia, Sri Lanka, and Africa which have objectively been a complete failure. If you understand Chinese culture, this makes sense. They are typically more concerned with the “outward appearance of doing the right thing”, rather than doing the right thing. This is true for a Chinese individual, and is also true for the CCP. The projects that the CCP have pushed are an attempt to estabilish China as a replacement for America in the world order following the collapse of the American Empire. They are GAMBLING on being the strongest nation standing after the collapse. Despite this, the Chinese look as weak as ever. They have failed on their “Zero Covid Policy”, and failed with Taiwan. If you have seen the corruption in Russia’s military and think for a second that isn’t the same case in China, then you fail to recognize the weaknesses of an Autocratic system. China is in no position to fight WWIII, let alone Taiwan. + +# GMERICA: THE BLACK SWAN + +This is the TRUE black swan event that I believe will push the world order. This decentralized revolution against the rich not only takes their wealth, it threatens to expose their crimes to the entire world. + +Inflation is horrible right now, and Dollar Milkshake Theory tells us we are headed straight for financial collapse. What China and Russia doesn’t know(or maybe they do but continue to gamble, familiar?), is that underneath America’s anus is a small group of redditors from around the world, ready to rip URANUS open. The system that the Americans have used to enslave most of the world will be exposed for everyone to see. When it all comes crashing down and GME is way past Uranus, the world will be watching. + +In a world where the financial system has effectively collapsed (or is collapsing), there will be uprisings and chaos across the globe. There will be protests, there will be violence, and governments will be toppled. In these times, I believe the countries who have had their internet access restricted by their governments (China, Russia, Iran, etc.) will finally be able to access news from across the world. They will see the story of the apes and how they defeated wallstreet. + +This would all be happening in a hyperinflationary environment. When a currency collapses and it’s value is destroyed, people typically rush to assets and commodities. In Weimar Germany, people would spend their salary the instant they got it, as it could be worth 50%, 100%, or even 200%+ less in the following days and weeks. In our world, this rush of assets would occur as well. Myself and others are also expecting a rush of wealth into cryptocurrencies such as BTC and ETH due to their limited/deflationary properties. + +There will be a need for a new financial system. I think I’ve heard of a company building this? The financial system will come out, and be quickly adopted by the world as it gets rid of fiat. Countries around the world will follow the lead of the US, and quickly adopt this decentralized system. This system will provide economic equality to ALL countries. The citizens of Russia and China are already resentful of their own institutions. There will be pain and violence, but I believe the institutions that replace the current ones will use a decentralized blockchain. + +All of this while apes will have sucked up a significant amount of wealth from the ruling elite, ready to help heal the planet and heal our society. **Money is POWER, and apes will be wielding it. What apes do after is OUR legacy. THIS IS THE NEW WORLD ORDER.** + +**I BELIEVE THAT RYAN COHEN KNOWS THIS. THE BEST TIME TO BE ALIVE IN HISTORY IS NOW.** + +GME is so fucking deep value that selling a share with this sort of business proposition isn’t even logical. I love my shares. Why even sell? You guys talking about selling??? Power to the players. Power to the people. Power to the collectors. NFA. + +If you disagree with my conclusions, **please tell me why.** I think this is the endgame. As always, buy, hodl, DRS. Let's change the world. + +**TLDR:** Because of hyperinflation as described by the Dollar Milkshake Theory, the world has begun on a path of no return to financial collapse. Due to extreme wealth disparity and widespread corruption, the world’s institutions are all about to collapse against the will of their people. In some nations it has already begun (Iran). The Decentralized Revolution that takes down Wallstreet will provide precedence for the entire world to adopt a decentralized blockchain as standard payment. This will usher in an era of economic equality. A new world order. + +**GameStop and it's partners are strategically positioned to usher in the world of Decentralized Finance (GMERICA) and Decentralized Entertainment (GME Entertainment). Apes are the Decentralized Revolution.** + +edit: I think some of you disagree with my perspective on geopolitics. That is completely opinion, and tbh, my opinion doesn't matter much. My point is that the current institutions in power are falling, all of them. Who cares which side they are on at this point. They are all fucking corrupt. I'm saying that apes are tearing down the system. A New World Order. +Sehr geehrte Frau Müller + +Ich schreibe Ihnen in Aufgrund meiner Besorgnis bezüglich des Versuchs die Regulierung zu den „mandatory buy-ins“ in der Central Securities Depositories Regulation zu unterwandern und auszuhebeln. + +Während die Europäische Kommission zuvor noch die Abschaffung der „mandatory buy ins ausgeschlossen hat: + +"A combination of clarifying various elements related to settlement discipline (e.g. +scope) and modifying the timeline for the implementation of mandatory buy-ins33 +(“two-step approach”) is the most effective and efficient option. The implementation +of mandatory buy-ins will be dependent on the evolution of settlement efficiency in +the EU. First, the gathered evidence suggests that cash penalties will incentivise +improvements in settlement efficiency, without endangering stability and liquidity +across markets and financial instruments. Second, after cash penalties have applied, +it can then be assessed how to best apply the mandatory buy-in in light of the +evolution of settlement efficiency. **The option to suspend the framework in its** +**entirety was disregarded as settlement fails in the EU remain consistently higher than** +**in other major financial markets."** + +Quelle: + +[https://ec.europa.eu/finance/docs/law/220316-csdr-review-proposal\_en.pdf](https://ec.europa.eu/finance/docs/law/220316-csdr-review-proposal_en.pdf) + +Scheint die Europäische Zentralbank hingegen jetzt das Ziel zu verfolgen die Regulierung zumindest in Teilen einfach abzuschaffen: + +1.4 **The existence of regulation-driven mandatory buy-ins is a significant interference in the execution of securities transactions and the functioning of securities markets.** Because of the implications that the deployment by the European Commission of mandatory buy-ins may have (including with respect to the potential non-availability of a buy-in agent), it would be preferable to discard the possibility of mandatory buy-ins altogether. Any later changes in this regard should be left to the subsequent consideration of the Union legislator. + +Quelle: + +[https://www.ecb.europa.eu/pub/pdf/other/en\_con\_2022\_25\_f\_sign\~5d1a092f24.en.pdf](https://www.ecb.europa.eu/pub/pdf/other/en_con_2022_25_f_sign~5d1a092f24.en.pdf) + +Warum sind diese potentiellen verpflichtenden (Wertpapier-)Einkäufe so wichtig? Wie in meinem ersten Zitat zu lesen, kommt es in der EU, wie in vielen Finanzmärkten der Welt zu einer großen Zahl an „settlement fails“ oder auch „failures to deliver“ (FTD)s. Dies bedeutet, dass Ein Aktionär z.B. eine Aktie eines Unternehmens erwirbt, diese allerdings nicht „geliefert“ bekommt. Der Aktionär selbst bemerkt davon nichts, da die Zahl, der von ihm vorgeblich gehaltenen Aktien in seinem Broker in jedem Fall direkt umspringt. Für den Zeitraum bis zur Lieferung der Aktie existiert diese jetzt also zweimal, zum einen noch beim Verkäufer der Aktie (da er diese ja nicht geliefert hat) und zum anderen beim Käufer als sogenannter „IOU“, eine Art Vorab-Aktie die sicherstellen soll, dass das Lieferversagen den Kunden nicht davon abhalten kann seine „Aktie“ weiterzuverkaufen (z.B. auf plötzliche schlechte Nachrichten zu reagieren). Ein Archaisches System, dass noch aus einer Zeit stammt, als Papier-Aktien gehandelt wurden und so ein „Lieferversagen“ ein realistisches Problem war. Natürlich sollte so etwas im digitalen Zeitalter eigentlich nicht mehr vorkommen. Der Umstand, dass es dennoch zu so vielen FTDs kommt, wurde für den amerikanischen Aktienmarkt untersucht, mit dem Ergebnis, dass diese oft strategisch und systematisch sind, und gehäuft für bestimmte Aktien vorkommen, um etwa hohe Kreditkosten durch ansonsten erforderliches Leihen von Aktien zu umgehen, siehe: + +[https://doi.org/10.1093/rfs/hhm083](https://doi.org/10.1093/rfs/hhm083) + +und: + +[https://doi.org/10.1016/j.finmar.2005.11.001](https://doi.org/10.1016/j.finmar.2005.11.001) + +Weiterhin haben Settlement Fails auch Implikationen für das Angebot-Nachfrage Gleichgewicht. Wie zuvor erwähnt erzeugt jeder fail einen IOU, der ebenfalls wie eine normale Aktie gehandelt werden kann. Dies erhöht die Zahl der handelbaren Aktien und verschiebt damit entsprechend das Angebot-Nachfrage Gleichgewicht. Im Extremfall kann durch strategische Fails zu massiver Preissuppression kommen. Um jetzt wieder den Bogen zum eigentlichen Thema zurückzuschlagen: Ein Abschaffen oder Aufweichen der Regeln zu den „mandatory buy ins“ kann möglich machen theoretisch unbegrenzt lange Aktien nicht zuzustellen. Dies kommt dann ungedeckten Leerverkäufen gleich, bei dem Finanzinstitutionen „den Kuchen behalten und zugleich essen“ können. Die Implikationen sind weitreichend, von Kursmanipulation (durch strategisches Erhöhen (durch nicht liefern) und senken (durch massives aber verzögertes liefern) der handelbaren Aktien) bis hin zum gezielten „in den Bankrott shorten“ von Unternehmen (ein Prozess der auch „cellar-boxing“ genannt wird) wird vieles deutlich erleichtert und von jeglichem Risiko befreit. + +Eine Beschwerde beim amerikanischen SEC zu cellar-boxing: + +[https://www.sec.gov/comments/s7-08-08/s70808-144.htm](https://www.sec.gov/comments/s7-08-08/s70808-144.htm) + +Zusammenfassend: Es ist eine furchtbare Idee „mandatory buy-ins“ abzuschaffen, da es sich hierbei um eine der letzten Sicherungen handelt, die allen möglichen Betrugspraktiken am Finanzmarkt zumindest theoretisch Grenzen setzt. Ich bitte Sie darum inständig Änderungen die mandatory buy-ins aufweichen oder abschaffen sollen, „strategisch und systematisch“ abzulehnen. + +Hochachtungsvoll, + +Dr. Ape + +&#x200B; + +&#x200B; + +https://preview.redd.it/n1taduvljbk91.png?width=1230&format=png&auto=webp&s=042325dc99e966b4d23507e528123337ce2169d1 +First time posting here and wondering if anyone has negotiated PR recently through one of the Big 4. + +Background: US citizen came over in 2019 on TSS visa, now being offered PR by employer including a bonus that covers around 80% of PR costs (100% clawback if I leave within 2 years). + +Don't really want to stay at the firm another 2 years especially with the workloads at the moment (aren't likely to improve as no one else is coming in) and would be more than happy to head home but for the fact I've been seeing someone here for going on a year. + +Anyone think I could get more money/shorter term out of them? I've heard the big firms tend to be "take it or leave it" but maybe that's changed in the current environment. TIA +I understand this will be going above your autistic heads, but try to learn to read for just 5 minutes here. + +Your 11 year bull market that thrived on low interest rates, and low unemployment encouraged a lot of big dick financial risk taking behavior by large corporations who similar to us kept saying "Can't go tits up." This in turn led to a corporate debt bubble that was highlighted as "Risky" by the federal reserves November 2019 financial stability report. + +>Business debt levels are high compared with either business assets or GDP, with the riskiest firms accounting for most of the increase in debt in recent years. + +When companies rack up large amounts of debt, they sell them to cucks as Corporate Bonds. This is known as the corporate bond market. Cucks who own corporate bonds make money by being paid in interest on those bonds. + +But what happens when you have a global pandemic where businesses are forced to shut down for an undermined amount of time? Revenue streams dry up and those companies are now at risk of being unable to pay out the interest payments to the bond holders. This results in a default. Once a company defaults creditors set out on horses with massive dildos to fuck the life out of these companies and force them into bankruptcy. Usually by selling off all their assets to pay back the bond holders and creditors. + +There are corporate bond ETF's that you can buy puts on, and that's probably what I'll put most of my money into. The corporate bond ETFs below are the ones I was able to find with the most Volume and OI. + +* $HYG +* $LQD +* $JNK + +Believe it or not, fucking $GME GameStop has issued corporate bonds GUH! and $ALGT allegiant travel has some floating around too. I believe those two companies are to high risk of defaulting given the current conditions. + +I read a post by a leverage banker on here yesterday that said the defaults are going to start soon, so I believe this upcoming week would be a good time to get into your positions. + +\-Good Luck Retards. + +EDIT** Just for extra insight below is the post by the leverage finance banker who actually has experience in this industry. + +https://www.reddit.com/r/wallstreetbets/comments/flyz33/im_a_leverage_finance_banker_this_is_how_i_see/?utm_medium=android_app&utm_source=share +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. +Anyone else reading the forums? It's a rollercoaster over there. + +Threads about tenants requesting rent cuts and how that goes. It's a fascinating mix of people there too. You have the cold-hearted capitalist types who are like "don't gamble on property if you think you'll never lose" facing off against those who want Government help or who believed property always goes up. + +Some of the stuff that comes up is interesting. Like landlord insurance - to make a claim it requires commencement of eviction procedures. That could get interesting if not addressed. Can't evict, can't claim on insurance. + +Some agencies have rent guarantees so even if the rent doesn't get paid, they pay the landlord. Wonder how many of them will hold up? + +Saw some posts with people with multiple properties openly admitting if any drop or stop payment, they're done. Those ones get a big spicy, especially when the cold-heart capitalists just lay it out how property isn't guaranteed return. + +I've even seen an argument where agencies telling renters to contact them if they have financial distress shouldn't happen because it will give the renters "ideas". + +Certainly some people were highly overextended. The ones borrowing massively and are totally reliant on rent being paid so they can eat. + +I'm interested to see what Morrison's tenancy legislation changes will be. Landlords not being able to make a claim without starting eviction - I wonder if this will be addressed. +The additional variable rate for Savings Maximiser will change for new and existing customers effective 1 May 2016 to 1.0% p.a. + +(Decrease from 1.25% p.a.) + + + +What are your thoughts guys? Will you be moving funds elsewhere? +Hey folks, I was just browsing through all the countless biopharma DD and pumps and was genuinely curious how those not in the medical world evaluate fledgling biopharma companies aside from just what the company says in their press releases. + +It would seem that a lot hinges on understanding the product they are trying to create and market, what processes a company has to go through in order to gain FDA approval, what clinical trials are and how to read and interpret them etc. + +I was wondering if you all would see much value in a book that tries to translate the clinical stuff into a more palatable form so that you can improve your DD skills. + +Of course there is more to pharma investing than just understanding the science and technical aspects... otherwise all docs would be rolling around in lambos. + +Let me know what you think! + +Edit: maybe wasn’t clear, I am an MD, trying to gauge what other non medical types feel about this sort of thing. + +Edit 2: thanks everyone for all the replies. Talk about mixed responses! Sounds like most feel like this exists in some way, shape or form on the internet already — but maybe some more focused analysis on specific products may be most useful. Thanks again for the opinions. Maybe if I find some free time I’ll give something a try. +This sub has grown substantially in the past couple of years, and lately I've seen some posts crop up, by young subscribers, questioning the FI mentality. Why strive for FI/RE if it means depriving ourselves, or if it keeps us from achieving our (earning) potential? + +As an older redditor (I'm in my mid 40s), I'd like to offer my perspective. + +I don't hate my job. I actually enjoy many aspects of my work, and often find it interesting, challenging, and rewarding. I have healthy relationships with most of the people that I work with. I feel extremely fortunate to be employed in a field where I am in high demand and well compensated. I am lucky to be able to work in a country where there are strong regulations regarding my work environment and personal safety. + +I am not unhappy, quite the opposite. I have lived and experienced enough that I wake up each day grateful for my life, my health, my friends/family, and the ability & opportunity to earn an income that puts me well into the [top 0.10% of the world](http://www.globalrichlist.com/) by comparison. + +Still, work can feel like a prison for your body, mind, and soul. I don't care what you do or no matter how much you love the work you do, every job involves some degree of bullshit. As Ran Prieur says in his essay "[How to Drop Out](http://ranprieur.com/essays/dropout.html)": + +> *Do not try to find a job doing what you love. This is my most radical advice. There are some people in the world who have jobs they love so much that they would do them for free. If you become one of these people, you will probably get there not through planning but through luck, by doing what you love for free until somehow the money starts coming in. But if you make an effort to combine your income and your love, you are likely to end up compromising both, making a poverty income by doing something you don't quite love, or no longer love. For example, if you decide to become a chef because you love cooking, it will probably make you hate cooking, because cooking will become linked in your mind to all the bullshit around the job.* + +Then there are days like today, where the weather is perfect, and I yearn to be outside. Humans are not adapted to be confined to a small space for the majority of our waking hours. I'm about as [fit as anyone](http://imgur.com/a/5oScw) [nsfw], but our bodies don't last forever. While I'm extremely fortunate to have a cushy office job, [sitting kills](http://www.cnn.com/2015/01/21/health/sitting-will-kill-you/). I don't care how you healthy you are now, if you sit on your butt all day your body *will* feel it as you get older. + +Like many in this sub, I'm an INTJ. But as I get older, it's hitting me that our time in this world is limited, and I want to spend more time with those that I care about the most. I'm fairly certain that my biggest regret in life will be not spending as much time as possible with many of my loved ones while they are still around. The people that I miss will most certainly not be my coworkers, no matter how nice they might be. + +Finally, the world is changing rapidly, and you may not be able to work for as long as you are able to, no matter how much you might want to. Companies and individuals are continuously looking for ways to cut costs, robotics & automation are eliminating jobs that require physical skill, and there is increasing global competition for well paying knowledge jobs that can be done anywhere. + +So, FI is about giving yourself options in case your priorities change, or your original plans don't work out for whatever reason. Maybe you're just starting in your career and you're finally reaping the financial rewards of your work. You might not understand why anyone would want to give that up, because having a job and being a productive member of society feels like the responsible adult thing to do. Work long enough, and gain more perspective on life, and I think there is a good chance you may change your tune. If not, feel free to message me when you're my age and tell me I'm wrong. ;-) +I’ve seen a lot of the analysis of Ford and most are saying sell or hold, but I can’t help but to think this stock is severely undervalued. I became very interested when I saw they had fields of vehicles just parked waiting on parts/chips to get these things rolling out the doors. Sitting on all that stock and no way to move forward of course caused the stock to nosedive. I just can’t help but feel there’s a heavy upswing coming after a while with some nice dividends to be had in the meantime. Anyone have any thoughts on this? +Hi everyone. I just completed my [dividend income report](https://www.dividendportfolio.com/dividend-income-report-january-2020/) for January 2020. Bottom line is that I earned a total of $2.22 dividends from three stocks: Cisco, Kimberly Clark and Realty Income. + +The amount of dividends is small, and it will likely remain that way for the first half of the year. However, starting around August or so, I will hopefully be able to start contributing a lot to my portfolio so that I can increase the amount of earned dividends. + +How was January for you? +It's great to see the I'm up to $x a day/week/month posts but they largely don't include portfolio size. It's more instructive to see portfolio size to see yield. +I use TD and just wondering why I don’t often see it recommended. Pretty new to the sub, so there is a solid chance I just haven’t stumbled over the TD love yet. +I just turned 18 and I wat to start investing in dividends to start to form my snowball. What stocks do you recommend? Preferably an established stock suck as an aristocrate or a king that i can hold on to for life. Thank you for your time +How does everyone handle student load debt with their spouse? + +For example, my wife only has 8k left to pay off and I have about 30k. We are both in the same field and have identical incomes. She just happened to have parental help and I didn’t. Ever since we’ve been married, it’s always been she takes care of her’s and I take care of mine. We’ve never tried to tackle this debt together. + +Is that what most people do? Do others try and make a joint effort to pay it off as “your debt is my debt too”? +I was hoping to get feedback on what some of the best options are for setting up retirement/investment accounts for my children. I have one who is 2 years old and another due at the end of the month. + +Both kids already have 529 accounts which my spouse and I make automatic contributions too, but they also have their own bank accounts which we deposit birthday/gift money into. + +I was thinking of taking any gifts of cash given to my children and putting half into their bank account and then investing the other half. This obviously won't be much at the beginning but I am also hoping to view the investment account as a teaching tool when they get older. + +Any thoughts/experiences on investment accounts for very young children? + +Thanks! +I have $60k in debt and a $50k income. Only one month of expenses in checking account. Account minimum in savings account. $550 in unallocated money per month from paycheck. + +I am familiar with Dave Ramsey's content. In my situation, should I be putting all extra toward my student loan debt ($60k) or should I get my three month's worth of expenses and then throw everything at the debt? Or something else? + +I also plan on getting engaged in the next three months. I plan to spend $6k on the ring. I have $1k toward that $6k. + +Any advice is greatly appreciated. + +Update: Thank you all for your input. My girlfriend knows about my debt, so I'm not worried on that front. I appreciate the advice. +I remember when I first started managing my money it was so hard keeping track and learning how to do it properly. I just wanted to know if any of you guys/gals shared the same problems? Am I alone? +Surprisingly, it's not eating out that's the biggest issue. I rarely eat out. I love to cook, though. I feel like I spend way too much on ingredients, though. Instead of doing one big grocery every two weeks, I go to the market every other day for ingredients. Do you think it would be less expensive to do one big grocery versus multiple small trips for ingredients? I'm not buying like...saffron and caviar or anything. I mostly buy fresh fish, fruits, and vegetables. Sometimes I'll treat myself to cheap wine or a more expensive cheese like camembert. But, it's like, I spent $30 or more every time I go to the market. + + +What do you think? I buy food and cook for three people counting myself (my spouse and my mother who moved in with us recently). +Hi guys! I am planning to finally buy a new (used) car this year, after driving the same car I've had since high school for over a decade. + +I have credit card debt, not crippling but significant, and have been steadily working to pay it down and improve my credit score. But I also have been saving for a down payment. Obviously, I could accelerate my savings if I pay less on the cards, OR accelerate improving my credit if I save less. + +In buying a car, what is more important? Strong credit or a large down payment? I can manage mediocre credit and a mediocre down payment at the rate I'm paying/saving now, but want to know if I should prioritize one over the other. +Hi guys: + +Anyone have an experience/tips with buying a car on Carvana? I find about 90% of the cars to be overpriced vs a dealer. My thought is their vehicles are probably better tested and have less extraneous “fees” though. + +I have found a few vehicles in that 10% that are decent deals. Waiting for Black Friday which supposedly knocks off 1k. I have hear promo codes exist but I am skeptical they actually work. Anyone have any tips? A car dealer friend of mine says Carvana sucks but I imagine he might say that as if it is just as good, it kind of makes his job obsolete. + +Cheers! +As a 19M I’ve always been told that I’m too skinny and weak, so I decided to go to the gym for once. This week I invested $2100 into a gym membership and trainer for 3 months (8 sessions per month). What do you guys think, was this a good investment decision? + +I currently have about $8000 invested in stocks, $6000 immediately available, and have a coop that pays at $16 for 3 months. I’m living in my parent’s house so I don’t have to worry about other expenses, and I’m getting another cycle of student funds ($7000) after 3 months. + +My sister told me if I was more mature, I would have slapped myself. I guess it’s possible that I underestimated how much $2100 is because I made that amount from stocks instead of working my butt off at an actual job. + +Edit: Thank you guys for your opinion. I’m sure this will be a good learning experience. Although it was a big mistake all I can do is make the most out of it. +Hi all, I would love some opinions! We are starting to receive money for our kid (under 1) and I do not want to make the same mistakes my parents did. They inherited quite a bit and never set aside any for their kids...So far I have thought about a 529 and just a plain old savings account. I want to start now, set it up, and try and make this effortless (basically any money we get for our kid will just go into whatever we have set up) I do not want to mix his "income" with ours. Any thoughts? +I would like to move out of my parents house soon. Here are the facts: + +1. I make about $2,400/month between three part-time/on demand jobs. This amount can always increase if I take on more work. +2. I am estimating my expenses to be about $2,200/month (rent, utilities, car, cell phone, food) +3. I have two more years left of college. In May 2023 I am expecting to land a job paying about $45k/year to start (with the field I'm going into and my current network, I am confident I will land a job shortly after graduating) +4. I have about $90,000 to my name and no debt (this is between stocks, crypto and 55k in savings) + +I understand my budget will be TIGHT for a while and I may lose a bit of money in the long run. But I believe I will be far happier and have a better quality of life outside my current home, even if it does cost me a bit of money. + +Would I be screwing myself over pretty badly in the long run by getting my own apartment now? +Hello! I am 26F and currently applying to get my teaching credential. I am 4,000 dollars away from paying off my student loan, and I also have a 10,500 car loan through my bank at 2.6 interest. My student loan will be done this year, however I am at crossroads. I believe I can save about 15,000 next year, but that would also be my starting point for school in the fall. Should I save for school and then pay down my car loan slowly? Or should I pay off my car and the figure school out as I go. Also when should I start investing? I'm trying to plan this efficiently, but I lack the foresight of which would be better longterm for my goal of getting into positive net worth. Thanks in advance. I also live at home, and am in no rush to leave. +Hi, I’m just looking if there’s a best method for trying to start a savings fund for my daughter. I do have a 529 account for her, but I’m wondering if I should also do a CD, just use my money market account, or if there’s other kinds of savings accounts that people use? I plan on putting about $200 a month in that on top of what I put in her 529. +I've kept a close eye on the markets for a while, and there were certainly good reasons to expect a decline, however right now, it looks like the outlook is good. We've seen inflation tame in recent months, and with another hike, it seems more likely to tame even more in the coming months, and we may not even need a rate hike in February. Despite this, the markets have continued to fall in the most recent weeks, even with good economic releases. The housing market is beginning to tame, meaning less money is created through fractional reserve banking. Treasury bond rates are finally calming. Q4 GDP growth is expected to be about 3.7%. + +I see a lot more reasons to be bullish than bearish, but what other news items might I have missed that are moving the markets? +I don't know if the mods know this because they use the "classic" view, but the sidebar in the redesign is pretty pathetic compared to the classic view. + +I read a comment somewhere mention all the great calculators in the sidebar, but I couldn't find the ones mentioned. I eventually figured out that the redesign only has 3 calculators while the classic version has more. The list of blogs and even the proto-FAQ is also helpful. + +Perhaps this is something that could be remedied for all the new reddit users who I think get the redesigned view by default. This could be one reason why there's so many noob questions (of which I am one). + +I was especially looking for the calculators and noticed that the even the list on the classic site could be updated because there's some other great ones out there. Maybe other users can add their fav tools or other resources to this comment thread and the mods could add to both sidebars (classic and new). + +**EDIT:** Funny thing, after I posted this, I got an automated message about checking the sidebar with this link: https://www.reddit.com/r/financialindependence/wiki/config/sidebar + +This is the sidebar you don't see when you are using the new reddit. +I read some recent research that essentially boils down to this: people often plan to retire earlier or later than they actually wind up retiring, because, at least to some degree, retirement is something that happens to you instead of according to plan. Further, it trends towards around 61. People planning to retire earlier tend to be pulled a bit later than their plan (but not all the way to 61) and people planning to work longer tend to have life happen to them and find themselves out of the game a bit early, possibly before they are financially secure. + + +I think this general idea resonates pretty strongly with what drives many of us to FI. We don't want to be in that second group who is caught with their pants down at 63. I don't have a life-altering point here, but I thought the data was interesting and might be worth a read for anyone who is going to bump right up against that "deadline" or are currently grinding with the hopes of being RE in two years. + + +The article is [here](https://www.morningstar.com/content/dam/marketing/shared/pdfs/InvestorSuccessProject/RetirementMirage/TheRetirementMirage.pdf?). Blog post summarizing at a high level [here](https://obliviousinvestor.com/61-the-magic-retirement-age/). I'm not affiliated with that blog or the authors at all. Feel free to take with a giant grain of salt because it is affiliated with Morningstar. +EDIT: Typo in title, should be “Porsche did NOT nearly lose 15 billion..” + +Also, the losing party paying legal fees is an exception: https://www.nolo.com/legal-encyclopedia/attorney-fees-does-losing-side-30337.html + + +Apes, we gotta do better! A \[top post today\](https://www.reddit.com/r/Superstonk/comments/vlta1z/porsche\_nearly\_lost\_158\_billion\_in\_a\_7\_year/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf) claiming Porsche *nearly lost 15 billion for causing a short squeeze (and this is why GME is proceeding with caution) is FALSE. It’s disappointing to see 7k upvotes on something that is easily verified as being incorrect. The claim comes from a (hopefully unintentional) misinterpretation of this portion of the article: + +&#x200B; + +[Where lost?](https://preview.redd.it/mq2cn86e3a891.jpg?width=1125&format=pjpg&auto=webp&s=51b6c8bcd715aa5ee27ac300d39444d7d8f6f2fe) + +&#x200B; + +Prosecutors claimed the stakeholders would’ve lost this amount of money due to tumbling share prices had they NOT caused the short squeeze. This was an arbitrary figure some lawyers made up and had nothing to do with actual monetary losses incurred by Porsche. Though several lawsuits were levied against them NONE were successful. These cases were adjudicated in Germany so perhaps the system was less corrupt but in the US the loser of the case covers court costs. So, if there is any lawsuits post MOASS, as long as there is a fair trial, GameStop stands to lose nothing. Loser pays all legal fees. + +&#x200B; + +In my opinion, GameStop is taking their time because they want a perfect product/service released to the public. You can’t rush perfection. However, the pressing question still remains: wen Uranus? + +&#x200B; + +Tomorrow friends. Always tomorrow. +We're all hyped for the 17th, there's just so much good stuff all coming to a point this year. But how about this time around we do a better job at being cool cucumbers and pregame the event by thinking through the bear case. For example: + +* It could have been a weak holiday season for them. In my friend circle for example, people just don't think of going to GameStop for anything besides video games. GME still hasn't even started PR for the digital turnaround. + +* They could have continued to spend a ton of money front loading staff and tech, lowering profits. + +* The DRS number might only be something like 7 million. We could be way off base in our estimates. + +* The DRS number might not be there at all! + +* There could be no news of any kind, it might just be a completely boring 5 minute, zero Q&A earnings report that we've seen since the days of Sherman. + +This is how I'm mentally going in this time. At best I'll be pleasantly surprised and at worst it'll be back to business as usual (buy hold and direct register). After all, even if all the things above were true, don't you still like the stock? +With all the drama and debate around the credibility of exchanges holding your crypto, exchanges have now released their own proof of reserves to gain trust and assure customers that they have enough crypto for their needs but one trend is clearly saying otherwise. + +The bitcoin supply on exchanges has just fallen to a new low since April of 2018, when the BTC price was just $6.9k and there were millions of fewer users on exchanges. + +&#x200B; + +[Chart from BTC\_Archive on twitter](https://preview.redd.it/wtdhnryfg50a1.jpg?width=1199&format=pjpg&auto=webp&s=0d926a11ef8caa395669cf87cf802bfccc7eb886) + +This trend clearly suggests that overall exchanges are having fewer and fewer crypto and its obvious that this is not proportional to the rising user numbers. So at one point many exchanges wont have enough crypto let every user withdraw in other words are not holding their assets 1:1 as hoped. + +Now we got a lot of proof of reserves suggesting that some exchanges indeed have good balance sheets but trusting those reports is an other question. ANd to be honest I would personally not want to take that risk with my money and be on the safer side by not having most of my crypto on exchanges and only have some there for trading actively or in the process of converting to fiat. +I want to become really good trader. I've read about 10 trading books already, but they seem to be pretty much the same. I feel like they dont give me anything new. + +How to rise to the next level? +I had to leave my previous housing situation & move into an AirBNB without having housing lined up. I’ve been on the wait list for Section 8 & various disabled apartment complexes for years now but nothing is available. In March, my AirBNB nightly rate shoots up to $100-300 a night. I make ~$1k a month. I’ve inquired about various rentals both here & back in my home state but everyone requires that I make 2.5-4x the rent. I do not. I have some savings, I have excellent credit & no debt, no criminal background, no history of evictions & my cats are great and I’m willing to pay a pet deposit. I’ve searched for & placed ads for a basement, trailer, in-law, or any other private rental but I’ve found nothing. + + +Suggestions are welcome. I’m at my wit’s end here. +So I donated plasma yesterday. I was so happy bc it seemed like an easy $150. I got to work this morning and could barely get up. I didn't know if I was going to vomit or crap my pants. I have been drinking copious amounts of water. I ate two drumsticks 🍗 when I got home after donating and two apples with peanut butter. Before the appointment I ate a huge salad. This is a lot of food for me bc it just is. Don't judge me some people have small appetites. Plus I consider myself overweight so I am careful about eating too much as I don't want to develop obesity. How are you guys keeping you energy up to donate bc I feel like I will spend all my earnings on food trying to replenish and taking tome off of work just cancels out. I also vape nicotine and drink coffee which I feel like might be the problem. But one cannot just give up vaping and coffee. I can switch to green tea but the vape stays. Anybody have any experience with this? +^((Sorry if you've already seen this, but too many apes messaged me asking to post here, and I didn't have the karma requirements to do so until a few days ago)) + +So I've been looking into the **MASSIVE** amounts of Reverse Repo lending and I think I came up with a theory that ties Shitadel into all of this. This is all speculation, so take this all with a big grain of salt.... + +What is a Reverse Repo (RRP)? Investopedia states: "A [reverse repurchase agreement (RRP)](https://www.investopedia.com/terms/r/reverserepurchaseagreement.asp) is an act of buying securities with the intention of returning, or reselling, those same assets back in the future at a profit. This process is the opposite side of the coin to the repurchase agreement." From the point of view of a bank, this is liquidity draining, since they are using cash reserves to get ahold of treasuries. If you're still confused on Repos, watch this great WSJ piece [here](https://www.youtube.com/watch?v=gzCkXNrjFQM). + +Ok, so what does this mean for us smoothbrains? Some of you may not know, but issues were arising with the Repo market as far back as September 2019. Basically, as [Wolfstreet](https://wolfstreet.com/2021/05/20/fed-drains-351-billion-in-liquidity-from-market-via-reverse-repos-as-banking-system-creaks-under-mountain-of-reserves/) states, + +"*In the fall of 2019, when the repo market blew out, the Fed stepped in and bought Treasury securities and MBS and handed out cash via repurchase agreements. When these repos matured, the Fed got its money back, and the counterparties got their securities back. The Fed also did this during the market rout in March 2020. But by July 2020, the last repos matured and were unwound.* + +*Now the Fed is doing the opposite, with “reverse repos.”* ***Repos are assets on the Fed’s balance sheet. Reverse repos are liabilities.*** *With these reverse repos, the Fed is now massively* ***selling*** ***Treasury securities to counterparties and taking their cash, thereby draining liquidity from the market – the opposite effect of QE.*** + +*This morning, the Fed sold* ***$351 billion in Treasury securities*** *via overnight reverse repos to 48 counter parties, thereby blowing past the brief spike at the end of March 2020, and more than replacing yesterday’s $294 billion in Treasury securities that it has sold via reverse repos to 43 counterparties and that matured and unwound this morning."* ***(This was as of last Thursday, as of Friday it reached $369 Billion, to over 50 participants. See the graph for yourself*** [**here**](https://fred.stlouisfed.org/series/RRPONTSYD)**)** + +&#x200B; + +[Overnight Reverse Repo Rates](https://preview.redd.it/so1la5g3e3171.png?width=574&format=png&auto=webp&s=d4daf4611078f88380cb0d334a8e280b2ddea174) + +That figure is MASSIVE. Fifth largest RRP transaction in the last decade, during a period of apparent relative calm in financial markets. + +Go read that whole article. Seriously. + +The SLR rule exemption expired in March 2021, creating potentially huge issues for banks that have been undercapitalized during Covid and been able to ride this out due to the exemption. What's the SLR? Well, I'm glad you asked: + +*"The SLR (Supplementary Leverage Ratio) is the U.S. version of BASEL-III capital adequacy norm and a Tier-1 leverage ratio; it varies from 3-5% common equity capital U.S. banks must maintain relative to their total leverage exposure. This is like a backstop to risk-weighted capital requirements."* + +Basically, the Fed was worried that many banks would be bankrupt (at least on paper) during the March 2020 crisis as corporate debt default rates skyrocketed and their securities started collapsing en masse. So, they changed the rules of the game, basically exempting banks from having to keep a percentage of capital on their balance sheets to stay solvent and allowing banks to lend more than they normally would be able to, supporting asset prices and ensuring the money markets and corporate debt markets wouldn't collapse. + +But now, the FED is selling treasuries-effectively withdrawing liquidity from the system? Why the hell are they doing this? Isn't that the opposite of QE? Wouldn't that put the banks and their prime brokers at risk (whose liquidity is already being squeezed by the new DTC/ICC/OCC rule changes)? + +I was reading through some comments when I found this gem: + +&#x200B; + +[UHH WHAT](https://preview.redd.it/zpfi89j8e3171.jpg?width=1080&format=pjpg&auto=webp&s=63d3302ade20a71e86addc45667cd24f71ef3b4b) + +Then it clicked. Remember [u/atobitt](https://www.reddit.com/u/atobitt/)'s godlike DD [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)? I am drawn to a specific paragraph from Step 4: + +*"So the fed is printing free money, the repo market is lending free money, and there's basically NO difference between the collateral that's being lent and the cash that's being received.. With all this free money going around, it's no wonder why the price of the 10 year treasury has been declining.* + +*In fact, hedge funds are SO confident that the 10 year treasury will continue to decline, that they've* ***SHORTED THE 10-YEAR BOND MARKET.*** *I'm not talking about speculative shorting, I mean shorting it to oblivion like they've shorted stocks.* + +*Don't believe me?* + +*Hedge funds like Citadel Advisors must first locate the treasury bond in order to swap them for cash in the repo market. It's extremely difficult to do this with the fed because they're tied up in government BS, so they locate a lender in the market. These consist of other commercial banks and hedge funds.* + +*So financial institutions keep treasuries on reserve for hedgies like Citadel to short. Citadel comes along and asks for the bond, they throw it into Palafox Trading and collect their cash. So what happens when they need to pay for their repo agreement? Surely to GOD there are enough bonds floating around, right?* ***Not unless hedge funds like Citadel have shorted more bonds than there are available."*** + +***Guess what? 90% of the Bonds used in Reverse Repos have a maturity over 1 year, per this graph from an SEC research*** [paper](https://www.sec.gov/files/mmfs-and-the-repo-market-021721.pdf)**:** + +&#x200B; + +[Most of the Repos being used are \>1 year maturity](https://preview.redd.it/nutfgs24f3171.png?width=659&format=png&auto=webp&s=90a74caf5a448d9ce840627a417520ee0d3ffff3) + +Citadel shorts the entire 10 year bond market, and now most of the securities being used as collateral are of a similar maturity. **Strange huh??** + +Well FUCK. The hedgies have shorted a shit ton of treasury bonds, borrowing these securities from their big daddies the prime brokers/banks. BUT, now the SLR exemption has [expired](https://www.cnbc.com/2021/03/19/the-fed-will-not-extend-a-pandemic-crisis-rule-that-had-allowed-banks-to-relax-capital-levels.html). Previously, the banks were allowed to go down to a 0% capital reserve ratio, but **now they have to keep some assets on hand to remain solvent at all times.** Just see this letter written from Senators Warren and Brown of the Senate Banking Committee to the Fed, FDIC, and OCC: + +*"On April 1, 2020, the Federal Reserve Board of Governors (Fed) released an interim final rule* *(IFR) that allowed bank holding companies to exclude U.S. Treasuries and deposits held at* *Federal Reserve Banks from the calculation of their Supplementary Leverage Ratio (SLR)* \*through March 31, 2021....\****This change resulted in a $55 billion reduction of capital requirements for the largest banks.*** *The stated rationale for this change was to allow banks to “expand their balance sheets as appropriate to serve as financial intermediaries and serve their customers.”* ' + +So, U.S. banks were allowed to temporarily exclude holdings of UST and cash kept in reserve at the Fed from their assets when calculating the ratio. Basically, this meant that the treasuries they owned could now be lent out to hedgies to short in the market for the duration of the Covid-19 crisis. But, this exemption has expired- now they HAVE to have a higher amount of reserves at the Fed ( reserves are like a bank account that cannot be withdrawn), largely in the form of treasuries. Hedgies who are short are hitting FTDs, and now the big banks cannot loan them any more because they are required to hold them in reserve at the Fed. And per the comment above, who has all the treasuries? The FED. Now the system is truly straining as liquidity keeps drying up as these HFs need treasuries to cover FTDs that may **exceed the amount of treasuries in existence, per Atobitt.** + +Likely, they are having the banks do overnight repos, but they themselves are writing 1 week/month repos to continually buy themselves some time. Thus giving them enough Treasuries to satisfy the bare amount of FTDs they need to in order to stay alive. + +Liquidity is being sucked out of the system at an unprecedented rate. This can't continue forever. Something is going to break. + +Check out this section from an [article](https://blog.pimco.com/en/2021/03/slr-expiration-treasury-markets-likely-to-shoulder-the-costs#:~:text=The%20Federal%20Reserve%20on%2019,from%20the%20COVID%2D19%20pandemic) written by Pimco, one of the largest fixed income investment management firms: + +&#x200B; + +[Deteriorating Liquidity \(written March 22\)](https://preview.redd.it/gyx2zqqje3171.png?width=708&format=png&auto=webp&s=7aeb6cb9ddc96f01b3b1861a7dbbaa4ed8708e79) + +DO YOU GUYS UNDERSTAND HOW CRITICAL THIS IS? Treasuries are NOT normal fixed income instruments. They are literally the **backbone of the entire financial system. Almost every other price is indirectly derived from treasuries: LIBOR (used for lending), WACC Discount (used to price stocks), ARMs (adjustable rate mortgages), Credit cards, auto loans, venture loans, Lines of Credit, etc etc.** + +Hedgies r FUKd. It's only a matter of time. **There is no fucking way that the Big banks/Fed will allow the collapse of the banking system just for a few hedgies and an egocentric MM CEO who has dreams of being a trillionaire.** + +TL/DR: Hedgies may be using the banks as intermediaries to facilitate treasury borrowing so that they can locate treasuries and kick the can down the road. This is draining liquidity from the system, and is actually undoing QE. Hedgies (shitadel) may have shorted more treasuries than exist, and are digging their grave deeper by continually borrowing more and more in order to survive. + +BUY, HODL, VOTE GME. + +edit: added chart from SEC research paper, and link. Fixed another grammatical error. + Posted this on the wrong account before lol. + +# Case Study - FBR + +I've seen a lot of negative opinion on FBR due to share dilution and salaries to board members. Also people are quick to believe the technology will never be feasible on a construction site. Initially when i started researching the company and the tech (robot) i thought the same. I work in construction so decided to delve a bit deeper into the company. + +***Introduction*** + +For those who don't know, FBR have developed a robot (Hadrian X) which will brick an entire small house in as little as 1 day. A lot of sentiment is that the way the build is not how we build houses here in Australia, and i will address that issue later. + +Some key points about the industry (I have taken these from the coporate presentation june 2020) + +\- 500bn addressable market. +\- 1.6bn people without adequate housing. +\- Population to grow by 2 billion over next 30 years. +\- Availability of bricklaying force decreasing, and price increasing. +\- According to FBR 2.4 million robots currently operate indoors for manufacturing, and only 1 outdoors in construction, the Hadrian X. + +***Benefits of Hadrian X over standard labour*** + +\- Hardrian X operates by interpreting CAD drawings. The exact amount of material is able to be purchased, limiting building waste to human error or over ordering to virtually nothing. + +\- 165 people killed every day across the globe in construction. Hadrian X takes a lot of danger out of the bricklaying side of construction. + +\- FBR has developed stabilisation technology so that Hadrian X can operate in any weather conditions, which they have proven back in 2016. This means houses get built quicker, due to being able to work day and night, rain and sun. + +\- Currently can lay over 200 blocks (2200 standard bricks) per hour. Significantly faster than humans. They anticipate the next model will lay 1000. + +***Recent achievements*** + +\- 2017 signed a deal with Saudi Arabia to build 50,000 homes by 2022. Though this target is not going to be met, it shows that their is interest around the globe for the technology. + +\- Currently have 12 IPs protecting their technology. + +\- Completed 12 demonstration house builds. + +\- Have obtained national construction code certification. + +\- Have signed deals for pilot plans in (Mexico). + +\- 2020 winner of Australian institute of health and safety award. + +Many more you can find on their website. + +***Addressing common questions and criticisms i have seen on Reddit*** + +**"We build brick veneer and timber frame houses in Australia"** +This is true. But FBR wants to disrupt the market. Houses around the world are already built in a similar way, with bricks being laid straight on the slab. They are also marketing their service to be quick and affordable. It is perfect for mass building houses in remote communities. Striking deals with our government and international governments will be needed for FBR success. + +***"The robot is too big, nobody will want it on site."*** + +I'm a concreter by trade. If we can get a 50m concrete boom into a residential development, then you sure as hell can get the Hadrian X in there too. + +**Key takeaways** + +\- Proven international interest. +\- Proven technology, certified by independent engineers and inspectors. +\- Proven belief in the form of multiple patents. + +The company just needs to show that it can support going commercial and producing enough Hadrians to be able to expand. Regardless of if they are successful, i still think their technology is valuable in itself. + +I'm super bullish on this company. But i am looking forward 5-10 years. Not next year. + +This is just my research and my DD, dont take my word for it and DYOR. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +After looking at A2M financials yesterday it’s obviously poor and I was full well expecting it would coming off the back of one of the worst years we’ve seen in recent times. + +I saw this was followed by the announcement of the non-exec director stepping down (oh no!!) however an new appointee Bessie Lee to fill her shoes. Now after doing some digging on Bessie Lee - I went through Linkdin and watched a YouTube interview with her and she clearly has a strong knowledge on marketing in China. I.e. what works in local advertising and what doesn’t. [food for thought](https://youtu.be/_DdGtNyAgbM) I think this can only be a positive sign based on her previous experiences and looks like the right person for the job. + +A2 clearly are not finished targeting the Chinese market, Iets see if she hangs around and can pick A2 up from dusty, tired knees put them back on their feet once diagou ramps and students keep funneling in to Australia again. + +So here’s me raising a glass🥛 to Bessie and hopefully steering this lactose ship 🚢 in the right direction. +Hi new to this sub (2 yr old acc though ✅) and only been trading a week. Just wanted to say thanks because did quite well from the info on here. Could say exceptionally well if I take NVX out of the equation 😫. Anyways I’ve been reading up on the new, cheap and readily available wonder drug Dexamethasone hailed as a Covid treatment. I know I know there’s been others that have made these claims and ended up duds. But this one seems to have all the right people and organisations backing it. I tried to find out who makes it here in Aus but could only find US Allergan. So I looked into local manufacturers of steroidal based pharm and came upon Noxopharm NOX. They announced trials Friday. They are .20 and were up 8% Friday. FV rates them .28 and July last year were up around .48. If this is old news and I’m telling you how to suck eggs then just tell me to STFU and I’ll go back to lurking. Thanks again! Edit: spelling +ANNOUNCEMENT + +From here on, Posts which include "Should I buy/sell BBOZ/BBUS today/right now/In three minutes/When my wife's boyfriend is finished with her" will not be allowed. Post them in the Daily thread unless you have some DD, or something enough to make a legit discussion thread where you can discuss something (Will Scomo do this pointless descision, or will Trump get sick from too much orange spray and it tanks the market) + +&#x200B; + +&#x200B; + +We are in danger of being flooded with 5 posts a day asking the same questions over and over again when BBOZ goes up or down 1%. Obvious shitposting is different, but it better be either very stupid or creative. + +&#x200B; + +&#x200B; + +Current rules for a YOLO Post are as follows, they will put up somewhere soon, but this sub is a week old. Not even a Priest would suck it off. + +&#x200B; + +&#x200B; + +YOLO Flair rules + +BBOZ= $15k + +BBUS=$10k This is due to the added risk of BBUS malfunctioning during a limit down + +Options/Warrants=$1k For now. Bonus points for shorter expiry dates. + +CFD= To be worked out, neither of us do that shit. Discussion welcome. + +Otherwise, it goes in the daily thread. + +&#x200B; + +Also, if you have trouble editing the wiki, send me or burn a message and we'll look into it. At this point, the flair you all want to have is the coveted "retarded, but less retarded than most". + +&#x200B; + +Discord is [https://discord.gg/BFa5sJa](https://discord.gg/BFa5sJa) It is not anything official yet. It's link may be rescinded at any time we feel like it. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Hi Reddit, + +26M single, currently in open enrollment for my company. I'm currently enrolled in a plan that's $60/mo, $0 deductible, $4k out of pocket max. While it's great to have no deductible, I'm wondering if it's worth it to change to the $73/mo, $1500 deductible, $4k out of pocket max plan so that I can open an HSA. I don't have any regular health-related expenses, though I would consider saving up for Lasik one day. What's the move? +[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/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +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/) +"If the second version screwed up, the user experience would reflect badly on both, although it would at least reinforce to users the importance of staying with the official version. If someone was getting ready to fork a second version, I would have to air a lot of disclaimers about the risks of using a minority version. This is a design where the majority version wins if there's any disagreement, and that can be pretty ugly for the minority version[...]." + +https://bitcointalk.org/index.php?topic=195.msg1611#msg1611 + +Imma hit ya’ll with an under-the-radar COVID play that’s primed for a parabolic run. Analysts have [price targets from $18-22](https://www.marketwatch.com/investing/stock/ards/analystestimates?mod=mw_quote_tab) with all of the recommendations being buy. Aridis Pharmaceuticals (NASDAQ:ARDS) has 3 promising COVID drugs in the pipeline (one in phase 3) and multiple products/catalysts that will send it to the moon. +The company is led by a rockstar board that has specialized in respiratory/flu treatments for decades. Insiders hold 37% ownership and institutions have purchased 1.43 million dollars of shares this year alone (almost a 300% increase compared to any month in the last 2 years). This company is only sitting at a $62 million dollar market cap. $ATOS and companies with similar pipelines currently have well over a $200 million market cap. + + +**Pipeline:** + + +https://preview.redd.it/zhbg5b55yxi61.jpg?width=1816&format=pjpg&auto=webp&s=e1275503d0918143beeeef1c9104131837e008ae + + +**AR-711 (COVID-19 MAB):** Developing inhaled, self-administered, at-home treatment for mild-to-moderate covid patients. In animals, **it successfully eliminated all detectable SARS-CoV-2 virus.** AR-711 is engineered to be long-acting in blood for up to six to twelve months. **A clinical Phase 1/2 study is to be launched in 1st half of 2021.** +[https://www.europeanpharmaceuticalreview.com/news/130720/inhaled-antibody-treatment-for-covid-19-shows-success-in-pre-clinical-trials/](https://www.europeanpharmaceuticalreview.com/news/130720/inhaled-antibody-treatment-for-covid-19-shows-success-in-pre-clinical-trials/) + + +>*“An inhalable treatment that can be self-administered using a wide variety of commercially available nebulizers can facilitate broader coverage in non-hospitalized settings and at a scale not achievable using conventional inpatient IV infusion treatments.”* + + +HUGE potential for wide-spread use across the USA/world. Based on AR-501 getting fast-tracked it is possible AR-711 will do the same. + + +[https://www.aridispharma.com/ar-711-covid-19-mab/](https://www.aridispharma.com/ar-711-covid-19-mab/) + + +\- - - + +&#x200B; + +**AR-301 (SALVECIN®) -** *It can potentially reduce the morbidity associated with secondary S. aureus pneumonia, which is a coronavirus complication and a contributing cause of death in such patients****. Currently enrolling a Phase 3*** *global clinical trial in patients with ventilator-associated pneumonia (VAP) including patients who presented with VAP secondary to ventilator placement for COVID-19.* +**Interim data expected in 1st half of 2021; full data in Year End 2021.** +The recruiting phase is long overdue and we should be expecting **PR any-day now.** [**https://www.clinicaltrials.gov/ct2/show/NCT03816956**](https://www.clinicaltrials.gov/ct2/show/NCT03816956) + + +\- - - + +&#x200B; + +**AR 701 (COVID-19 MAB)** **-** Continuing characterization of monoclonal antibody cocktail (AR-701) for intravenous inpatient treatment for moderate-severe indications. + +&#x200B; + +\- - - + +&#x200B; + +**AR-501 (PANAECIN™) -** inhaled treatment for chronic lung infections in patients with cystic fibrosis (CF). This drug got **FDA fast tracked** based on positive Phase 1 results. +[https://cysticfibrosisnewstoday.com/2020/09/10/aridis-fda-reach-agreement-to-simplify-cf-clinical-trial-design-for-ar-501-based-on-safety-data/](https://cysticfibrosisnewstoday.com/2020/09/10/aridis-fda-reach-agreement-to-simplify-cf-clinical-trial-design-for-ar-501-based-on-safety-data/) +**OWNERSHIP** + +Insiders own 37% + +Institution ownership rapidly increasing, $1.4M in Q1 so far, almost a 300% increase compared to any month in the last 2 years + +&#x200B; + +https://preview.redd.it/tze779bszxi61.jpg?width=2076&format=pjpg&auto=webp&s=cb10499cb5bee38ff934e337b41efa13883d0173 + +&#x200B; + +https://preview.redd.it/h4aodautzxi61.jpg?width=1412&format=pjpg&auto=webp&s=ade91714661fbe50b3a440174b86c43aca18dc7f + +[https://www.marketbeat.com/stocks/NASDAQ/ARDS/institutional-ownership/](https://www.marketbeat.com/stocks/NASDAQ/ARDS/institutional-ownership/) + +TLDR: + +**COVID PLAY** + +**Enrollment for AR-711 (COVID-19 MAB) drug trials due in Q1 - 100% effective in animals. Human trial next. It's an inhaler for Covid. Very similar to $ATOS nasal spray but an inhaler.** + +**Enrollment for AR-301 (SALVECIN®) - due first half 2021, phase 3 trial. Announcing any day.** + +**Low market cap, high insider ownership 37%** + +**Increase in institutional buying (Vanguard, Blackrock...)** + +**Price targets $18-22, all buy recommendations from analysts.** + +**Experienced board and executive team - 3 previous companies sold** + +$ARDS is primed for a massive break out. It has extremely low float/volume with various upcoming catalysts. The price is near a 6 month low but has been fluctuating like crazy with no news. The second this stock gets some exposure and releases some news regarding enrollment this thing is going to go parabolic. + +https://preview.redd.it/trwbr4fx2yi61.jpg?width=1660&format=pjpg&auto=webp&s=9ab0fa570de1d4a63a0463155a01897af5bbd231 + +&#x200B; + +**Note: The above references are an opinion and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. I currently Have a position of 1,400 shares.** +&#x200B; + +[It's all coming together!](https://preview.redd.it/plzxtv2zqh871.jpg?width=1112&format=pjpg&auto=webp&s=2ebb298b1ec7f8ca6b1b36b3f632fffa743f008e) + +**Here I try to combine all the great DD found here on this sub, and try to distill the final endgame from the available DD.** + +I'm also releasing this at a point when it's too late for shorts, and it's gameover. If I'm wrong then this DD is meaningless. If I'm right, shorts are strapped into final destination while a dental clairvoyant describes their death to them in clear detail. + +&#x200B; + +**TLDR;** + +**Edit: ETF SHORTING is the main point of this post, and more attention needs to be placed there. NOT crypt0 - it's a sidepoint. Anyone bringing up excess attention to the sidepoint should have their post history checked for shill bias.** + +* Fatal mistake by shorts on 6-9-2021 when GME's ETF's were all shorted at once. ETF's work on T+6 settlement. +* Doesn't matter what shorts do, checkmate was set following completion of 5 million share offering during earnings call. +* ~~Cypto announcement will be the match.~~ T+35 FTDs will be the Fuel. (speculation, sidepoint) + * GME Q2 ends Aug-1, need more wrinkles thinking about this than just me. +* ETFs containing GME (ETFGME) will rocket, all other ETFs with overlap with ETFGMEs will crater. +* **If** you have wallet already, set aside digital currency in preperation to remove Gamecoin from circulation as soon as it launches (no collusion, also it's just good to be first) +* Kenny/Citadel may just be the fall guy, I speculate it's much deeper than just their figurehead. + +// + +**Preface** + +I'm not a financial advisor. Everything stated here should be taken as speculation. As a matter of fact I'm actually down like 20K in paper losses. If anything do the opposite of what I'm doing - or don't lol. Simply put I'm a nobody, with dreams of putting an end to this financial slavery. + +&#x200B; + +For the most part most of this should be read in order. If you need to go back to read up on some of the sub topic go ahead - time is mostly on YOUR side. + +&#x200B; + +This DD is certainly rushed, while building up a multi-month position and there's probably a TON of spelling and grammer mistakes throughout. So do forgive this once dropped as a baby Ape. With that out of the way, here's a summary of what I've pieced together thanks to this great community, and special users discussed below. If you keep reading till the end, there's also a speculative arguement to be had with social media and the rest. + +// + +**Acronym Index and Glossary (copied over from Anon's DD for quick reference):** + +Because I always wish the SEC included these, for the Fed if nothing else + +ETF - Exchange-Traded-Fund - Simply put, ETFs are a hybrid between funds and stocks. They, like any fund, hold some portfolio of securities. And like any stock, they trade as shares on open exchanges. For example, SPY is an ETF with a portfolio designed to mimic the S&P 500 index. + +ETFGME - ETFs containing GME + +FTD - Failure-to-Deliver - after the sale of a security, the seller (believe it or not) has 3 days to deliver the security to the buyer, otherwise the share is deemed failed-to-deliver - a FTD. + +AP - Authorized Participant - “An authorized participant is an organization that has the right to create and redeem shares of an exchange traded fund (ETF)….When there is a shortage of ETF shares in the market, authorized participants can make more. Conversely, authorized participants will reduce ETF shares in circulation when the price of the ETF is lower than the price of the underlying shares. That can be done with the creation and redemption mechanism that keeps the price of an ETF aligned with its underlying net asset value (NAV).” + +MM - Market Maker - Market Makers, very generally, oversee markets and quote bid/ask prices to create a spread. They stand ready to buy or sell in their market, and they have algorithms coded to hedge these transactions and profit from arbitrage along the way. + +HF(s) - Hedge fund(s) + +// + +&#x200B; + +**THE SHOULDERS OF GIANTS - REQUIRED READING.** + +**Part 1: The FTD Cycle.** + +https://preview.redd.it/s3odahn1rh871.png?width=616&format=png&auto=webp&s=8c3f53e1404d686cf2a0cbae90e06d873e4d0a94 + +Not enough credit can be given to u/dentisttft and his post detailing the T+35 FTD cycle, SLD periods, and how it relates to volatility in GME. + +This is a must read to understand the bigger picture, and give this guy more awards. + +[https://www.reddit.com/r/Superstonk/comments/o155a6/t35\_is\_the\_one\_true\_cycle\_evidence\_to\_back\_my/](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/) + +&#x200B; + +**Main take aways:** + +* T+21 are approximations of T+35's low liquidity periods. +* FTDs are created T+#settlement trading days. For regular naked shorting this is T+2. (more on settlement dates later) +* MM's wait to cover to attempt to maximize their profits. +* 34 calendar days after the generation of an FTD, MM's must cover. (T+35 days if you count day of FTD creation) + +&#x200B; + +**Part 2: Shorting through ETF's** + +In a mysterious fashion, a now deleted user /u/leavemeanon (Anon) dropped the mother of all DD's detailing how MMs and HFs can use ETF's to short a stock. + +There's been numerous references by Gamestop to this user, but nothing else is known about /u/leavemeanon or his real origins. + +Though the original user and posts are gone, u/VoxUmbra was nice enough to find and upload an archive of /u/leavemeanon's posts. + +Read all 3 parts. + +[https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip\_uleavemeanon\_where\_are\_the\_shares\_part\_1/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/?utm_medium=android_app&utm_source=share) + +**Main take aways:** + +* APs and MM can short securities by selling ETFs without finding underlying shares to create said ETF. Like selling a fruit basket, but promising the fruit later. +* This is made possible due to a T+6 settlement of ETFs, and another securties act 1933 loophole allowing OFF-THE-BOOKS record keeping if you decompose an ETF. These shorts are naked and untracked by SI%. +* Insitutions can theoretically cycle ETFs every 6 days to hide shorts indefinitely, while being eaten alive by interest and premium. +* ETFs alone hold nearly the entire float of GME on their own without a single share of retail. + +&#x200B; + +&#x200B; + +**Part 3: Hints at Overvote.** + +The single greatest piece of direct evidence of an overvote is this rounding error found by u/Rimigo42 + +[https://www.reddit.com/r/GME/comments/nw9sl1/math\_error\_in\_8k\_filing\_possible\_a\_typo\_that/](https://www.reddit.com/r/GME/comments/nw9sl1/math_error_in_8k_filing_possible_a_typo_that/) + +Other hints at overvoting: + +[https://www.reddit.com/r/Superstonk/comments/nx9awr/there\_was\_an\_overvote\_the\_votes\_were\_trimmed\_to/](https://www.reddit.com/r/Superstonk/comments/nx9awr/there_was_an_overvote_the_votes_were_trimmed_to/) + +[https://www.reddit.com/r/Superstonk/comments/nw8ak8/you\_cant\_report\_an\_overvote\_on\_an\_8k\_pass\_it\_on/](https://www.reddit.com/r/Superstonk/comments/nw8ak8/you_cant_report_an_overvote_on_an_8k_pass_it_on/) + +**Main take aways:** + +* Rounding error indicates votes ARE trimmed. +* Trimming is *typically* reserved for overvotes. + +&#x200B; + +&#x200B; + +**Part 4: Regulation and recent changes to chess board.** + +[https://www.reddit.com/r/Superstonk/comments/o57231/dtcc\_icc\_occ\_nscc\_have\_covered\_their\_assess/](https://www.reddit.com/r/Superstonk/comments/o57231/dtcc_icc_occ_nscc_have_covered_their_assess/) + +**Main take aways:** + +* 002 makes everyday an SLR period, and no longer on a rolling cycle. (Added to federal registar, now official) +* Rest are generally there to protect the core DTCC, not malicious shorting HFs. + +// + +**MOASS** + +Warning this is kinda datey, no promises. You gotta keep up the hype though, Hedge funds are hoping to drag this out hoping to collect enough option premium from retail to cover their losses. Time is mostly on our side (months), but wait too long and they WILL defuse the situation by eating retail premium. + +&#x200B; + +Ok lets start. We all know GME has been in a fight with predatory trading practices for awhile now. To the extent we find ourselves at the very beginnings of a short squeeze. We know this thanks to the hard work of u/dentisttft who broke the FTD code as indicated above. However, last month the publicly known FTDs HAVE died down quite a bit as indicated on SEC's website. I use the word publicily here because as Anon has pointed out, many naked shorts can be hidden through the use of ETFs - more on that later. + +&#x200B; + +Lets first take a look at the events of 6-9-2021, the day prior to ShareHolder's Meeting. It is a not a fond memory for many apes. The 5 million share offering did hurt the price after the announcement, but what really made things bad at the time was the intentional capitulation /short ladder BEFORE the meeting by shorts causing a 10% decrease even before GME tried raising capital - THIS IS WHY WE HOLD, money going to hedgies rather than the company that needs it!. + +&#x200B; + +As pointed out by ZION LION u/ZIONLIO29288757 on twitter here: + +https://preview.redd.it/00nkii14rh871.png?width=589&format=png&auto=webp&s=faecc15e333fa1b0678d6811bc7ae57a8071a0ca + +Many of ETF were sold short. What does this mean from the perspective of MOASS? Well a few things. + +As Anon explained: ETFs can be unpacked to retreive the shares inside. What I suspect happened are that MM and other HFs that knew an offering was going to take place, purchased a bunch of ETFGMEs while simutaneously shorting GME. MMs(et al.) can later unpack ETFGMEs to cover their shorts. But this leaves a question where are the naked shorts? + +&#x200B; + +Well Anon answered that too. Shorts created by selling uncovered ETFs do NOT have to be reported unless they turn into FTDs at T+6 due to a loophole in the Securities Act of 1933. However, you can cover your prior naked short by buying yet another ETFGME and unpacking it, thus passing the naked short down the line to the next AP that created the uncovered ETF - and best of all, not report it to anyone. This is equivalent to selling empty fruit baskets without the fruit, and covering said basket with another empty basket every 6 days. ETFGMEs holders are owed GME shares. + +&#x200B; + +And as Anon has pointed out, GME's entire float is already locked within ETF shares without counting a single retail share. Considering that at the same time we apes also hold the near entirety of the float back in April 15th, we know this based off GME's 8-K filing. There is undeniabily, at a minimum 1x float worth of GME naked shorts floating around (even excluding overvote scenario). the MOASS will be a financial lesson taught to your grandchildren for decades to come (if you decide to have them). This doesn't even take into account an overvote, nor possibility of any naked shorts overseas due to different reporting regulations overseas. Buckle Up. + +&#x200B; + +**The fatal moves of 6-9-2021:** + +https://preview.redd.it/7ljlofc5rh871.png?width=1349&format=png&auto=webp&s=473eb82eb33834db86f30bcd09b95c6249bff9ff + +This was delta neutral MM's shorting GME and covering their shorts almost immediately by buying ETFGMEs, and passing the naked GME short onto the ETFGME creator - the AP's (think Citadel et al.). It would become near impossible to hide the FTDs from the T+6 settlement, as naked shorts would preoccupy the next ETF. Looking at settlement, FTDs from 6-9-2021's ETFGME short should occur on 6-17-2021. + +&#x200B; + +The following day on 6-10-2021, we all remember was the day of the combined 10% + 10% drop. The pre-dilution 10% drop was the initial MM short + covering, the next drop however was all AP's (Citadel et al.) plus the added selling pressure by 5 million share dilution. Effectively GME was shorted twice by AP's, and probably covered half by the drop. Leading me to think AP's and Short HFs have net added to their short positions since earnings. This is well suported by the daily short volume on GME being greater than 50%. Because 6-10's were normal shorts - FTDs would be created on 6-14-2021. This coordinated (COLLUSION) attack by combined MM's and AP's was likely aimed at full capitulation, they FAILED and all they did was use up a lot of their firepower, further increased their short position, and set the floor we are trading now. + +&#x200B; + +Why these dates are important. FTD filings and SEC reports occur on the 14th, and last day of the month, meaning we will only see at most HALF of total shorts reported this Wednesday 6-30-2021. Keep that in mind, because we'll be see increasing GME FTDs through this month's report on last month's FTD activities. + +&#x200B; + +|Short Type|Settlement|GME occurrence|FTD creation|SEC reports|T+35 covering| +|:-|:-|:-|:-|:-|:-| +|Naked ETF shorting|T+6 trading|06/09/21|06/17/21|07/15/21|07/21/21| +|Naked Stock Shorting|T+2 trading|06/10/21|06/14/21|06/30/21|07/18/21| + +&#x200B; + +SEC report dates here: + +[https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) + +&#x200B; + +This will start the ball rolling as long HFs will be watching the FTDs. A sizable increase in FTDs would green light Long HFs to start adding a ton of buying pressure. Remember T+21 is a FUD narrative (only an approximation on SLR and the real T+35, which is now patched with DTCC-002). This will continue throughout most of July, because of DTCC-002 SLR is everyday. + +I was able to pull the FTD data from today, so if you turn your attention here, you'll can see the FTD uptick. + +https://preview.redd.it/1zg9gg67rh871.png?width=733&format=png&auto=webp&s=5d2597bdf74cb7ed123234572deb8439c656f566 + +Another key is concentrated buying pressure - because of how the US markets are constructed. Long play BS (the way it's portrayed) on r/superstonk is by far some of the worst FUD here, not just because it's bad investment advice, but because it is a pathologically lazy statement for people thinking the price will climb slowly to millions over their lifetime, and they can get in 2 months from now and expect the price to still be at $200. Think of this from the FTD POV, the only way to increase FTDs is concentrated buying pressure. This is a battle against market manipulation, if shorts win the price will fall and will never make it's way back up because they will reinforce a ceiling by buying and controlling the float themselves, but a retail win will cement a higher floor as the FTD bug provides a floor that locks wealth in the market and makes it hard for new shorts to push the price down. Someone do a seperate DD on this! It is in Gamestop's best interest for retail win as it would mean more capital in the long term. HFs manipulate and pull liquidity away during capital raises, making it hard and even costly to raise capital - Retail has no such problem. + +// + +&#x200B; + +**SPECULATIVE SOCIAL REASONING FOR MOASS AND HYPE** + +Interestingly I believe there's a good chance Ryan Cohen is going to trigger the MOASS with the announcement of a Gamecoin (**speculation**, **sidepoint**). As prior posts have pointed out, there's a hidden launch date hardcoded to 7-14-21. There's alot of good DD on this topic, mainly because most of the shills don't actually know enough about the topic (shill lackey). Generally, at the launch of digital coins, either they are bought at open market immediately or they are sold prior to stakers who then sell on the open market. + +Digital currency is unique amongst all securities, in that it's value is driven purely by supply and demand. Given a fair exchange without excess leverage, the price of the currency is dictated by the holder, where it should be. + +This means it pays to be first buyer of any Gamestop coin, especially if it's tied to your GME shares. To be first you need to have funds readily available for trading to purchase the moment any potential Gamecoin hits the market. Unfortunately, anyone that's tried digital currency knows there's typically a waiting period on USD funds. This can be bypassed by having a digital wallet with funds ready to go to quickly send funds to Gamecoin's host exchange. So heads up \^\^ here. + +**Edit, to be clear: GME is the play. Heads up is referring IF you already have a wallet.** + +**If** a Gamecoin is released, you can be dam sure the Gamecoin price will skyrocket (As any holder of shorts will need to pay this coin to shareholders). However, it would make very little sense to allow the coin to be sold first to the open market if it's first being distributed as a dividend. Though ultimately this is a mute point in the case of real short interest being over 100%, as GameStop would simply only release just the right amount of coins to cover the float. Market forces and a proper working exchange will manage the rest. + +&#x200B; + +So if we assume the GameCoin will be used as a dividend, when does GameStop need to make the announcement? + +10 calendar days prior to date of record - July 4th. + +[Solve the Anagrams, Win a prize!](https://preview.redd.it/3g70o8r8rh871.png?width=598&format=png&auto=webp&s=0b91f4f32348122b51e49c64ecf16848e9fa3758) + +// + +Calling everyday Hype is FUD, concentrated hype is how you break sell-walls and force shorts to cover + +**Here's a Hype Calendar Summarizing the above:** + +https://preview.redd.it/4ogw319arh871.png?width=921&format=png&auto=webp&s=83a2876392a795c056651c5af1809e138a0cf6fe + +// + +**TECHNICAL REASONS FOR MOASS** + +I want to give a shout out to Reddit-censored youtuber\*\*. Who's most of the time down to earth. In one of his more recent summaries found [here](https://www.youtube.com/watch?v=WCSb61wD7aM) he made an interesting observation. + +There are bullish technical indicators all around indicating huge suppression and fuckery, as of late. + +\*\*PS. Debugging the reddit filters was a pain - LMFAO, you can't drop his name on reddit. + +&#x200B; + +As a Technical Analysis(TA) guy myself. Here's just ONE example: + +https://preview.redd.it/nu1dkj0grh871.png?width=1305&format=png&auto=webp&s=e76e15f15757ca1710530d5450bac3b2859a31e9 + +But really **confirm it for yourself,** pull up really any reliable TA metric designed to track fuckery, like RSI/MACD divergence, Bollinger Bands, Crayon lines, you name it. We are overdue for a huge correction upward. The Hype is real. + +// + +&#x200B; + +**In short, I am but one Ape trading on my own.** + +**This DD is in my best interest as the more educated we Apes are, the more concentrated firepower we have as a whole. It pays to be on the same page.** + +&#x200B; + +**Edit: I am NOT suggesting you buy digital currency (it's not confirmed and is pure speculation). But heads up if you happen to have a wallet.** + +**Edit2: This is why I love the community, the reviewers.** A commentor below **pointed out Gamestop's Q1 ended May 1st. This puts Gamestop's Q2 end on Aug 1st. I will have to think about this, if dividend is justified.** +This is possibly the wrong forum to ask, but I’m curious about the number of people who only pay their minimum monthly mortgage amount. + +I was having a conversation at work the other day and the general consensus was why bother - with savings in the offset and a guaranteed term of the loan they preferred to just pay mortgage as if it was rent and spend on other things. + +Is this common? I was kind of surprised. +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. +I'll be coming into 50K soon and I'm looking to buy a mix of EFT's, but I'm not sure if it's better to buy up everything at once, or spread them out in 5 or so purchases over time each (like invest 10K every month). This is the 'general wisdom' i'm hearing from friends and family but it doesn't seem right. What factors (other than minimising brokerage fees) should I be considering? +Article here: https://www.pionline.com/money-management/resolute-take-majority-ownership-ark-investment-management + +What does this really mean for someone who's investing with ARK? How do folks think this will impact their ETF performance? I'm a fan of the active management and good returns with ARK and hope this doesn't negativity impact that, considering the CEO of ARK is against this merger. +Bitcoins are now valued at $70/bc. A week ago they were at $50/bc. For context, here is a [chart of bitcoin value] (http://imgur.com/QuSKL8h) over the past year and two very [informative](http://seekingalpha.com/instablog/7761841-patrik-korda/1616371-bitcoin-bubble-2-0) [articles](http://www.macrobusiness.com.au/2013/03/bitcoin-bubble-or-new-virtual-currency/) which both seem to lean towards bubble. I also tend to agree that this is probably a bubble, which begs another question, is there any framework in place to short bitcoins? But more importantly, I want to see what reddit feels about this price spike. I know this isn't the most appropriate question for /r/investing, but I wasn't sure where else to talk about this. +A recession by definition is 2 consecutive quarters of negative GDP growth. Since the 1940s, there has been 11 recessions by this definition. The constant vibe is if we go into a recession, stocks must drop 35% right? 2008 all over again and I want to be the smartest person around and sell right before. + +In fact, 6/11 recessions since 1940s had positive S&P 500 returns during the average 11 months they lasted. 3/2001 to 11/2001 lasted 8 months and market was -2%. 7/1990 to 3/1991, the market returned 5%. The market was up 17% during a recession in 1960-61. + +Of course the worst performance was 2007-2009. So could we run into flat or negative markets, absolutely. A recession though is not this fool proof indicator of massive stock drops. + **Question:** I have $200k left on my mortgage with 13 years remaining at 2.38%. I have cash to pay off said mortgage after unloading a rental property. Although, I would love to invest and have the investment pay the majority of the monthly mortgage payment of $1500 (after subtracting taxes and insurance) or close to it. \~10% on annual ROI. Pay off or invest? + +**Supporting info:** + +* How old are you? What country do you live in? **55 USA targeting 57 for semi retirement.** +* Are you employed/making income? How much? **Yes $140K** +* What are your objectives with this money? **Use my rental equity to make home mortgage payments. Play on interest rates?.** +* What is your risk tolerance? **Really can't risk the $200K cash much.** +* What are your current holdings? **401K, IRA, Roth, personal accounts. total $700K** +* Any big debts (include interest rate) or expenses? **2 cars 2% interest with a total $75K** +Apple is cutting production of the iPhone 14 Plus less than two weeks after its debut, according to two people involved in the company’s supply chain. + +Apple has told at least one manufacturer in China to immediately halt production of iPhone 14 Plus components while its procurement team reevaluates demand for the product, which Apple has positioned as a cheaper alternative to its more expensive iPhone Pro models but equipped with a large screen, according to one of the people. Two downstream Apple suppliers in China that rely on the parts and assemble them into larger modules are also cutting their production 70% and 90% respectively, the person said. + +Market is tanking as we speak + +https://www.theinformation.com/articles/apple-cuts-iphone-14-plus-production-less-than-two-weeks-after-debut +About a month ago my mom bought a brand new $40000 Mazda. Apparently Mazda has a $500 bonus if you are a student and my mom wanted to save every penny she could. She told me that all I needed to do was go to the car dealership with her to show them my ID and stuff and show that I was actually a student. At the time I was a senior in college about to graduate in the Spring. I have a very good relationship with my mom and trust her for everything, so I happily agreed to go with her to save her some money. + +When I went to the car dealership, they had me sign in a few places as they were going through the paperwork for the car. Given that I was pretty much financially illiterate at the time, plus I completely trusted in my mom, and the paperwork contained 1000s of lines of fine print that would have taken forever to read and comprehend (and everyone was staring at me), I signed without giving it a second thought. I honestly don't even remember Mazda telling me what I was signing, just that I needed to put my name here and there to move on. + +Fast forward a month and I have a really good job lined up for the Fall and will finally be able to be financially independent. I was looking to apply for my first credit card. I first signed up for the Capitol One Savor One card and was denied, but it was understandable given that it requires a high credit score and I don't have any credit history. + +I wait a few weeks before applying for a second card. Last week, I got an email from Credit Karma asking if I opened a new account with Mazda Financial Services. I open up Credit Karma and see that I have a $40000 car loan. That's when I learned that I co-signed the car. I asked my business friend and he said that I basically just got f\*ked over. + +I went to apply for the Discover IT card tonight, which is apparently one the best beginner cards. They seem to accept people with pretty low credit. And I got denied. + +I'm super furious and pissed right now at my mom. Did she just screw over my credit? I'v always trusted her but now I feel like she purposely mislead me just to save her $500. If she told me I was actually cosigning the car, I definitely would have looked into this more and did my research. + +According to Credit Karma, my TransUnion score is 661 and my Equifax score is 643, which isn't terrible. Did I really get denied because of this car loan? My brother got approved for the Discover Card but he is in graduate school and doesn't even have a job yet. I also have about $30000 in student loans. + +What is the best course of action to take right now? Is it possible to get out of the loan? If it is possible to get out of the loan, is it worth the effort or is the damage already done? +Last month I submitted a [detailed milestone post](https://www.reddit.com/r/financialindependence/comments/6ajikw/milestone_1_million_saved_in_retirement_accounts/) describing how I (an average guy with no special talents) managed to accumulate $1 million in retirement savings. Unfortunately the post was inadvertently removed by the automod after only a couple of hours, and by the time it was restored a day later, it had become buried in the rankings and has only had 6.2k views. Those that read it and provided feedback, thank you. /u/Foodie_Foodie provided the following [valuable takeaways](https://www.reddit.com/r/financialindependence/comments/6ajikw/milestone_1_million_saved_in_retirement_accounts/dhiz7mq/), and I wanted to share them because I feel they are extremely important for many readers of this sub: + +> 1. Being diligent about contributing to 401K & IRAs as these tools are available. +> 2. You don't have to be perfect, you just have to stay in the game +> 3. Maximize contributions as much as you can or at least work towards it. +> 4. Not panicking when the market goes down. +> 5. Not taking any withdrawals along the way. +> 6. Staying employed if you can, so you're always getting a match in the 401K of some kind. +> 7. Start contributing and investing early in your career so time is on your side. +> 8. Make sure you have an allocation that includes equities so you get the lifting power. +> 9. Don't ignore the expenses of the funds you choose -- go with low cost funds as much as you can. + +In addition, I started tracking my net worth in 2007, so I have the value of my retirement investments from that point onward. Here is a chart of my retirement contributions compared to the investment value over time: http://i.imgur.com/ldQ2Vnw.png + +Of particular interest is that during the 2008 recession values dropped and barely exceeded my contributions, but then the compounding really took off as I contirued to invest. Looking back, I think it's extremely important to keep your sights on the long term picture and ignore short term fluctuations. Only then can you stick to your investment strategy and not panic when the sky seems to be falling. +I'm currently getting a lot of pushback from people around me about my decision to move into a 1 bed apartment and rent on my own, and I'm finding it quite overwhelming. + +I'm \[30,F\] currently living in a house share it a big city in the UK. I've been living in professional house shares since I was 23. Some of them have been horrendous, some of them alright, NONE of them have ever felt like home. I spent my early and mid-20's being not-so-sensible with money. Nothing crazy, but consistently overspending and misjudging how easy it is to repay debts. I went on a few nice holidays, had a couple of cars on finance etc. The last couple of years I have tried really hard to rectify this, but it's still an ongoing process. I have no money in savings. My attitude up until recently was to put money away each month for a while, spend it on a holiday or something I really wanted, rinse and repeat. + +As I entered my 30's, I have become more and more convinced that I need to get out of shared housing and live on my own. I have hated shared living for years, so much that I feel like my life is on hold until I escape it. I hate the constant rotating door of 20-somethings moving in with questionable manners and cleanliness, the fact that all I can call my own is a small bedroom and have to keep many of my things at my parents, the lack of space in the kitchen (I get one shelf in the fridge). I hate that I can't comfortably have friends over for the evening, or let my nieces and nephews come over on the weekend. I hate that if I don't want something ruined (kitchenware, sofa cushions etc.), I have to keep them in my bedroom. I have endured it for 7 years now, and I am mentally exhausted by it. I know that many people house share well into their 30's, and theres no shame or problem in it. But I am so, so, over it. + +Recently, in a bid to save money, I got rid of my car. If you factor in finance payment, insurance, tax, service plan and petrol, I'll be saving about £270 per month. The original plan was to put this towards a £300 monthly saving into an ISA for a house deposit. In 3 years I would have £10k, plus the government bonus. My friends (all with husbands and mortgages) were cheering this decision, but didn't consider that I would have to stay in shared housing for at least another 3 years. Realistically, if you think about the costs of moving (fees, any work needed to the house, cost of furniture, cost of actually running the house comfortably), I would need a further year to save. That's 4 more years. + +So I came to the decision I didn't want to do it. The more I think about it (and I have thought about it a lot), the more I think I don't actually want to own a house any time soon. Whilst I love the city I'm in, I may want to move one day for my career, or for a partner, or for a host of reasons. Renting seems to suit me at this point in my life. But my friends think that buying and owning a home should be my absolute number one priority, and they think I should do everything in my power to achieve it. Am I wrong for not feeling that way? + +What I WANT to do is get a 1 bed flat on my own and gain my independence. Start to put down some roots for myself here and finally, finally feel settled in somewhere I can call home. Somewhere I can make my mark, and enjoy coming home to that isn't just a bedroom like I'm an overgrown teenager. I'm not after anything fancy, just the basics. + +My friends are just making me feel like an idiot for following my heart. I know owning a property is probably a better financial decision, but is renting the worst thing I can do? + +I currently pick up about £1,500 a month. Here is what I currently budget now that I no longer have a car: + +* Rent - £470 (including bills) +* Loan repayment (debt consolidation from before, sticking around for 3 years) - £158 +* Credit Card repayment (this will be gone in a year) - £88 +* Phone bill - £33 +* Spotify premium (I don't pay for netflix, prime, or anything like that) - £9.99 +* Living budget (food, personal items, travel costs, leisure etc.) - £350 +* Monthly saving (birthdays, christmas, train tickets to visit family, emergencies, other expenses I might not foresee) - £50 + +Total monthly expenses = £1,158.99 + +This leaves around £300 to put towards that deposit if I wanted it. However, if I moved out, the rent would become approximately £500, and I would expect bills (electric, gas, water, council tax, internet etc.) to be somewhere between £200 and £250. + +In the moving out scenario, it puts my total monthly expenses as £1438.99. Almost exactly the £1.5k I earn monthly, but leaving me with only £61 left over. + +I definitely could tighten my living expenses too though. £350 works out about £87 a week for one persons food, travel, personal items etc. so I could definitely reduce this a bit. Also, after a year, the credit card and car insurance will no longer be around, saving me about £134 going forward, which I could then put towards my debts and get them gone quicker. My salary will also rise slightly each year, but of course there is inflation to consider. + +The way I see it is, my bills will increase by about £280, but I am saving £270 on not having a car. So it's roughly the same as how i've been living for years. So I know I can afford it... I just don't know if I should be saving it instead. + +What are your thoughts? Are my friends right, should I stick where I am and suck it up? Should I be putting my effort into saving for a deposit? Is owning really the be all and end all that everyone who owns a house keeps telling me it is? Is renting alone the worst financial decision I could make? + +\[Edited to remove the car insurance cost\] +There is one for fur-low (damn you automoderator delete) after all, and many similar questions about buying/selling during the current pandemic. It could cover for example the many questions on: + +1. should we buy or wait; +2. should we sell or wait; +3. should we wait until stamp duty rules change; +4. where are the 10% mortgages?; +5. housing market speculation. + +Mind you, sub rules do state that questions on: "whether the property market is right for a purchase today, etc." are not allowed under 'No market or exchange-rate timing questions' +First of, just want to say i am not in a bad place, just a bit sad that i fell for these tactics. Early this year i took a new job with a lower salary but much high "potential" bonus with minimum 50% bonus. At the time it was hinted that up to 100% was possible. Now at the end of the year, we had a good year, and i also have a glowing review. Nothing could have gone better. They decided to give me a little over the minimum which i am a little disappointed in given that the TC isn't much more than my old salary. I'll be looking for a new job in the new year, but just want to highlight that nothing is guarantee unless it is written. +For years, Bitcoin has faced the competitive challenge posed by the Ethereum strategy. + +What is the **Ethereum strategy**? + +A better (Turing complete) blockchain scripting language (such as Solidity) would lead to more innovation in smart contracts. + +In the Ethereum strategy, smart contracts are to be implemented as blockchain scripts. + +At the same time, we have now discovered that every **blockchain script** can also be implemented as an **off-chain scriptless script**. + +This new approach is much more **scalable** and respectful of the user's **privacy**. + +Furthermore -- and that is truly a catastrophe for the Ethereum strategy: + +**While all blockchain scripts can be implemented as off-chain scriptless scripts, the other way around is not true.** + +Therefore, the Ethereum strategy now faces the following devastating consideration: + +**Off-chain scriptless scripts are vastly superior to blockchain scripts.** + +Extensive blockchain scripting is no longer the way to go, and "better blockchain scripting" is simply pointless. It is now effectively a legacy technology. + +Hence, the Ethereum competitive gamble has essentially failed. +I know things look rough in our community. Mania has turned into tribalism. Bitcoin is down more than 30% off it's all time high and may go down even more. Here's a little story about why I still believe and will always believe in crypto. + +I was 25 when the 2007-2008 financial crisis hit. I had a great thing going. Married the woman of my dreams and was about to have a kid. Well the insurance brokerage I worked for went belly up. I was staring unemployment in the face with a kid on the way. I was scared. + +I was also pissed off. The snakes that put us normal folks out of work were getting bailed out. Where the fuck was my bail out? Things got so bad for us that we lost our house. Had to move in with our folks. I felt like a loser. I had panic attacks. It got so bad that I was hospitalized for a week. I went to therapy and my therapist said one thing to me that changed my life forever: "You don’t know who you are until you face and survive hard times” + +So what did I do? I hustled, man. I worked 3 jobs; fixing computers for old ladies, landscaping, food service, anything I could find. Finally landed a good entry level gig in healthcare and worked my way up over the last 12 years. Well guess what? I lost my job this year because covid crushed the industry I was in. This time around I wasn't even stressed. I lived everyday over the last 12 years like I'd lose my job tomorrow. I found work in 3 days. I didn't take a dime of unemployment. + +I got into crypto in 2016. I've made money, I've gotten rekt but one thing is for certain I never stopped believing. Even if crypto doesn't become the financial standard for humanity in my lifetime I continue to study, invest, discuss with anyone that will listen so that hopefully my kids can live in a world where hedge fund managers don't determine that outcomes of their lives. + +If you weren’t prepared for this dip, mentally or financially then take a minute to reflect. Who are you now? Who do you want to become? Staring a charts all day isn’t going to fix anything. Take a break. Focus on something else for a minute. Money is a conduit to accomplish goals, not the goal. + +Anyways be smart out there. Things will get better. Crypto is not going away. We've survived worse. + +Edit: appreciate the love guys. Honestly just felt compelled to share. I wish someone would have spoken to me like this and I guess the internet is a good place to be vulnerable sometimes. +Hey guys, + +It’s fuckin late on the east coast, but I can’t sleep. I want to talk about HALTS... + +Yes, halts. Something that happens to our beloved GME from time to time.... + +Now I’m not mathematical wizard here, but I do notice some things... + +This last Monday when we got halted, was the first time they “crashed” it as soon as it came back, but could not even break it down to where we were in the red for the day. + +Let’s flash back and be like “oh well randomtaskstonks tell us about the last halt.” + +Well I gladly will... March 29th, basically at the exact same time (6 or 7 minutes into trading) GME got halted. When it came back from $200 down to $167 immediately after the halt. + +Well “I don’t understand what your getting at randomtaskstonks...” + +Neither do I. But let me elaborate for you... + +Everytime GME gets halted, I feel it’s because we are extremely close to mooning... Some how these Ass Clowns 🤡 aka hedgies, find ways to halt the stonk and then proceed to fill the order book with a bunch of crap-o-la. Well it seems like the crap-o-la they really were able to throw in Jan 21, March 21, June 21 and November 21, isnt hitting the fan as much and is making much smaller dents. + +This last halt they created couldn’t even bring the price down to a negative for the day.... + +I’m excited when I see halts because the highs are getting lower and the lows are getting higher on these halts. + +Please let’s get an ape with some fucking wrinkles (here’s looking at you criand) to actually put into real logic and make some sweet sweet DD on what I’m talking about. + +I am by far and away not the smartest ape of the bunch nor do I think I ever will be. But if one of you HALT and follow what I just said and really look into these “fake halts” and short attacks on the unhalting u might see what I see and cannot explain. + +With that being said, I hope you halted and thanks for coming to my Ted talk. + +Edit - yes I know how a halt works. I’m just stating that every halt has come with a downtick, a huge downtick and every halt since Jan 21 the downtick has become smaller and smaller and smaller. +About 10-20% of my portfolio at any given time is based on trends/up-tick in comments for certain coins. Usually I'll go through the whole "do your own DD process" reading the white paper, reviewing historical posts, etc. But every once in a while I'll throw a small amount of cash at top 100 coin I start seeing mentioned more often in hopes of the reddit herd mentality causing a surge in price. + +I'm just curious what percentage of your portfolio has been thoroughly researched vs a couple dozen upvotes swaying your investment decisions? +I have not seen this theory posted before and would appreciate feedback. I present a case wherein Citadel and Robin Hood may have conspired together to short the stock with no limit by taking advantage of the margin accounts on Robin Hood. + +I also present the concept of shorting a stock in a plain-English, step by step and easy to comprehend way. Please consider reading if you are long GME! + +https://preview.redd.it/61n37e24f7t61.jpg?width=1280&format=pjpg&auto=webp&s=3a357a97eb15574945aea7f00626d7746946946e + +https://preview.redd.it/lsjoli05f7t61.jpg?width=1280&format=pjpg&auto=webp&s=b7ff96db7cf8008c1abaebcbefed0013552d67a5 + +https://preview.redd.it/jnhs5bvef7t61.jpg?width=1280&format=pjpg&auto=webp&s=408bfbfcb126fa972652a296b9c22b9a5808f779 + +https://preview.redd.it/ufyemvaff7t61.jpg?width=1280&format=pjpg&auto=webp&s=420df47aee4cbbdf54fb25c7faa847d909ff1159 + +https://preview.redd.it/bz3r2slff7t61.jpg?width=1280&format=pjpg&auto=webp&s=0ee636acef0151d6941f16d7f5b66e06c0ac11b8 + +https://preview.redd.it/bfnpq0igf7t61.jpg?width=1280&format=pjpg&auto=webp&s=746a26889462be5c5f1d5b3ffe007bcb0a5c0a84 + +https://preview.redd.it/c2jjrgnhf7t61.jpg?width=1280&format=pjpg&auto=webp&s=0c367e750e40edecae7fe434d4ba98a3e0bee81c + +https://preview.redd.it/xe7g52yhf7t61.jpg?width=1280&format=pjpg&auto=webp&s=3b314f4a3e3f76ed2da67ca54253f65462da2068 + +https://preview.redd.it/wim6399if7t61.jpg?width=1280&format=pjpg&auto=webp&s=3c8955287bd5488f2fa36f3ecbdb5076d342131b + +https://preview.redd.it/lquyxohif7t61.jpg?width=1280&format=pjpg&auto=webp&s=b9a3eb88f8d8a1a03de4210fdb6d59227225f42a + +https://preview.redd.it/cu5u5lpif7t61.jpg?width=1280&format=pjpg&auto=webp&s=6b8155e7783e05f0a374405fd07664b3256269fc + +https://preview.redd.it/0bedf6yif7t61.jpg?width=1280&format=pjpg&auto=webp&s=e50b61018765453ec16cbbc244ed2aead66713cb + +https://preview.redd.it/2v41ic7jf7t61.jpg?width=1280&format=pjpg&auto=webp&s=95152ac4ed25a01c37f70784f5d55dde89eb514e + +https://preview.redd.it/ht1htqfjf7t61.jpg?width=1280&format=pjpg&auto=webp&s=33bd6ed13a367f420889fba1d15c7a93f47e8fbf + +&#x200B; + +https://preview.redd.it/1l9vobckf7t61.jpg?width=1280&format=pjpg&auto=webp&s=7d8a53f359c29b1310e5fc9962963e30cc9164d5 + +https://preview.redd.it/rvggqbnkf7t61.jpg?width=1280&format=pjpg&auto=webp&s=ac87c185fe66cc378f475f258252eb38905d2a7f + +https://preview.redd.it/z92njpukf7t61.jpg?width=1280&format=pjpg&auto=webp&s=4f706e7ecab3a9ec8b57e6397f759b2211d633cd + +https://preview.redd.it/fsdait5lf7t61.jpg?width=1280&format=pjpg&auto=webp&s=79b25bb769215f9172a14c475447b71d77b669aa + +https://preview.redd.it/c73i65dlf7t61.jpg?width=1280&format=pjpg&auto=webp&s=2046d771da94a65996ef180d67bc30be73c86781 + +https://preview.redd.it/379ixkklf7t61.jpg?width=1280&format=pjpg&auto=webp&s=6691dbc5551a8c565a5b6ef5d6c7fda964104a1f + +# CONCLUSIONS + +B1 (Market Maker) = Citadel, Broker A = Robin Hood + +There is no limit to the number of short positions that can be taken on by B1, so long as Broker A has a sufficient number of shareholders on margin accounts. B1 and Broker A are conspiring to print shares to manipulate the market price. + +What can trigger a MOASS and forced buying to cover by B1: + +* Their creditor margin calls them because they printed too many IOUs and are way over leveraged, forcing them to buy at market to close their positions (de-leverage). +* All shares are recalled by their owners forcing B1 to buy to cover to close their obligations. Shareholders can essentially name their price. +* The market price gets so high that the borrow fee becomes untenable for B1, triggering repossession of the lent share (similar to margin call). + +What I would do if I were in the position of an s7 thru s13 market participant (not financial advice) + +* Get your shares off margin accounts +* HODL + +The above is a useful framework when considering the effects of the corporation issuing new stock from treasury, issuing dividends, share lenders recalling shares, etc. + +I have previously concluded that a SHARE RECALL (see my TOTAL RECALL post) is the inverse of a short sell as it unwinds a short position. This analysis shows that one share recalled unwinds a single short position. There are many things that could lead to a MOASS. + +TLDR; HODL +We've recently added several new resources to our wiki: + +* [Student loans](https://ukpersonal.finance/student-loans/): when should you overpay? +* [Tax efficiency for high earners](https://ukpersonal.finance/tax-efficiency-for-high-earners/) +* [Scams](https://ukpersonal.finance/scams/): from fraudulent investment schemes to phishing emails, what to look out for and how to keep yourself safe + +Lots of our other pages have had minor updates over the last couple of months. If you haven't browsed our wiki before, our most popular pages are: + +* [Budgeting](https://ukpersonal.finance/budgeting/) 🧮 +* [Investing](https://ukpersonal.finance/investing-101/) 📈 +* [Index Funds](https://ukpersonal.finance/index-funds/) 🌍 +* [Pensions](https://ukpersonal.finance/pensions/) 👴 +* [Emergency Fund](https://ukpersonal.finance/emergency-fund/) 🆘 +* And of course... ➡️ THE FLOWCHART ⤵️ https://ukpersonal.finance/flowchart/ + +We really hope you find these pages useful. Any feedback, suggestions and additions are very welcome - what would you like to see us add next? + +Wiki organising happens on [the UKPF discord](https://discord.gg/kaetMg8), so feel free to join us there too :) +**Let me start by saying that this is not financial advice.** + +I’ll admit, when I first bought my first share at 320, I was fucking scared seeing the price drop to 40. You see, this was the first time I was trading on the fancy, regulated, STOCK EXCHANGE. I thought trading stocks was fair and regulated. Boy was I fucking wrong. + +Almost 7 months later, I can’t believe how much my psychology, risk tolerance and decision making process have changed. These changes have impacted my behavior in my everyday life. They impacted my interactions with suppliers, my interactions at work and even impacted my relationships with family and friends. I learned to control my emotions, seek knowledge, believe in my strategy and in myself. In this short post, I will try to explain some of the psychological elements that are creating a new type of investor: the type that can’t be manipulated as easily by the old guard of the financial world. + +# Chapter 1 - Smelling the blood in the water (GREED) + +I’m not sure if there is a term in psychology or in behavioral economics (at least I wasn’t able to find one) for the equivalent of “smelling blood in the water” in the finance world. Yet, I believe this is why most of us are here. Long before the 140% short percentage of GME news broke out, DFV has been making educational videos about GameStop as a company. He was made fun of by the retards subreddit for believing GameStop had any chance. It was only when the 140% news broke out, that retail and institutional investors started loading up on GME. + +You don’t have to be an expert to understand the implications of having 140% of a stock’s float shorted. You can easily come to the conclusion that some hedge funds have overexposed themselves to astronomical risk, and that the laws of supply and demand will come crashing down as long as nobody is selling. It’s a gamble, but it’s a pretty safe one to make. And so, retail and institutional investors made this gamble. + +Euphoria and FOMO kicked in. Everyone knew this was the time to be greedy. The price was rising fast and nobody knew what the hell was coming. Nobody knew the journey they embarked on, was about to change their psychology, risk tolerance and decision making process, forever. + +&#x200B; + +[Need Sir. David Attenborough to narrate this one](https://preview.redd.it/qkxaf7nlefc71.jpg?width=750&format=pjpg&auto=webp&s=c5e465845deca034a41cbf9c0a65e3d90dec34be) + +# Chapter 2 - Eternal defiance (RAGE) + +I’ll admit, when I first bought my first share at 320, I was fucking scared seeing the price drop to 40. I wasn’t scared because I would lose the money. I was scared because I didn’t understand how this was possible. How could my broker just disable the buy button like this? How could so many brokers coordinate and do the same thing, worldwide? What in the actual fuck was going on? + +Soon, fear turned to rage. It was clear that without buyers, and only sellers, the price of GME would never recover. What happened next, was one of the greatest examples of consumers taking matters into their own hands and refusing to do business with shitty companies such as Robinhood. We all transferred to the good brokers, and even started diversifying brokers. + +This single play to delay the MOASS the brokers made, in my opinion, started the biggest individual knowledge sharing and researching effort we’ve ever seen. DD articles started popping up on the GME subs. People had the thirst for knowledge, and thankfully, there were many people willing to quench it. Economists, lawyers, psychologists, meme creators, etc. all shared their take on what was happening, or what was about to happen. + +Once the knowledge about what was happening was out there, diamond hands were forged through defiance alone. + +“YOU WANT US TO SELL? FUCK YOU, WE AIN’T SELLING!” + +“GIVE ME LAMBOS, OR GIVE ME MEAL TICKETS!” + +You see, the “experts'' want us to believe that [stubbornness](https://www.bloomberg.com/opinion/articles/2018-08-01/stubbornness-is-discipline-but-bad) is a bad thing when trading. I think this is because it’s one of the traits that fucks up their strategy to milk retail investors for their hard earned money. “You should set a stop loss, friend, so you don’t lose your money”, “Lose a little here and move on, guy”. They say this even though it has been proven that stonks usually only go up (unless you have the bad luck of investing in a bad company or in a good company which is shorted into oblivion by hedge funds.). + +&#x200B; + +[Kenny, pull my finger!](https://preview.redd.it/lp3rmdu7ffc71.png?width=1580&format=png&auto=webp&s=56a9e9981d35467ff896460f1b64ef55efc83ddb) + +# Chapter 3 - Price anchoring (REFLECTION) + +Retail investors claiming the price of GME could reach astronomical levels (in the millions) are being ridiculed by both ignorant and knowledgeable people. This is normal and should surprise nobody at this point. We are conditioned all our lives to deal with value in small numbers. The anchor of wealth for most of us is in the xxx.xxx or maybe x.xxx.xxx. Depending on where you live, the wealth anchor probably has even lower values. + +*“The anchoring bias is a cognitive bias well-known in pricing, negotiation and other contexts. It describes the tendency to rely heavily on the first piece of information offered in an interaction. This initial information, or anchor, establishes a frame of reference and decision makers base their decisions around that anchor.”* + +Most people are unaware of the concept of price anchoring, and even those that are aware of it, are unable to remain unaffected when it is used against them. Price anchoring is used as a marketing tool almost everywhere nowadays, and it’s very fucking efficient. Some of the most common ways it is used, is by placing a “cheaper” product next to a more expensive product, or by showing a product with a “smaller” price today compared to the price it had yesterday. Being aware of price anchoring is not enough to keep it from influencing you. For that, you need reflection. + +In the case of GME our reflection should start by escaping our “poor people” world and visiting the hedge fund managers world. In their world we can see houses being bought for hundreds of millions of dollars, monthly income of millions of dollars, transactions of trillions of dollars etc. The derivatives market for example is [valued at $640 TRILLION](https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp) . This is just the first step though. + +Reflection should continue by understanding the unique situation we are in. Under normal circumstances, supply and demand meet and form an equilibrium, which gives the fair value price of an asset. During a short squeeze, demand no longer becomes optional. Demand becomes MANDATORY. If you have this information, as a seller of a heavily shorted stock, then you know you set the price. SUPPLY SETS THE PRICE because you know DEMAND HAS NO OTHER OPTION THAN TO BUY AT THE PRICE YOU SET. + +When you know the amount of wealth the hedgies have, the fair value of the derivative market and the mandatory purchase of GME stock by demand, you know that you can set the price higher than the price anchoring you have been conditioned to your whole life. Way higher. + +Ignorant people will call you crazy for believing this because they have no clue. Knowledgeable people will call you crazy for believing this because they know what they stand to lose if you name your price. + +&#x200B; + +https://i.redd.it/g64mwovvffc71.gif + +# Chapter 4 - The emotional hedge (AFFIRMATION) + +Emotional hedging is a type of sports bet in which a fan of a certain team bets against the team they are emotionally attached to, so if their team loses, they will win money and feel less bad about it. In the case of GME, if the price goes up it’s good. If the price goes down it’s a discount to BUY and HOLD. Regardless of what happens to the price, the investor with this mindset can only win due to the nature of the “bet” in this specific case. + +I strongly believe that this is the pillar of why long GME investors are going to win this calculated gamble, and are going to win big. In this specific case, there is no fucking way to beat this state of mind. Hedge funds are going to have to close their short positions eventually. If they are unable to bankrupt the company or drop the price to a very low level, they are unable to close their positions without going under. GameStop is thriving right now, and the only way to drop the price is through their usual shenanigans. But if those shenanigans are not working because when the price dips you have shitloads of individuals buying at discounted prices, then the price will always bounce back. + +Price rises: Good + +Kenny drops price through more naked short selling: DISCOUNT! BUY & HOLD. + +Always a win - win scenario. + +&#x200B; + +[Always winrar](https://preview.redd.it/ixq9mm7ggfc71.jpg?width=400&format=pjpg&auto=webp&s=854043f3450bbe1c4594c18ace49e38a0a4c4409) + +**TL;DR** + +**The cards are dealt and the hedge funds are facing a greedy, angry, defiant, self-aware ape, immune to bluffs. How do they win against this? The clock is ticking.** + +**Once the MOASS is over, this type of ape will now have a permanent seat at the table and will be able to take on the rest of the players.** + +**Oh, and I forgot, it’s not just one ape. It’s millions. And they’re scattered all over the globe, each of them an individual, but connected to others through knowledge and** **~~thirst~~** **hunger for tendies.** + +**Good luck.** +There are frequent questions on the sub in this vein: after FI/ER how do you live on so little? We've got one today, in fact. + +Those of us who are post-FI/ER aren't living on as little as you might think. To demonstrate, consider what I call "salary equivalence," by which I mean the amount of money you'd have to earn in salary each year to offset your ER expenses. Which may sound obtuse, so let me give you this example. With the exception of the monthly budget, this is literally my situation. + +I have no idea how to set up a table in Reddit. But as a crummy attempt at ease of viewing, [here's a screenshot of the spreadsheet I set up, in imgur.](http://i.imgur.com/ckpoXgm.png) + +Bottom line is that a person who's early retired and lives on an annual budget of $36K has a salary equivalent to someone in the workforce who earns $78.3K, all else being equal. Which isn't, to my way of thinking, such a small amount of money to live on. + +You folks please check my assumptions, math, etc. since I'm only into my second cup of coffee. + +Assumptions: + +-Annual budget = $36K. + +-Pre-ER savings percentage = 25%. + +-House book value in both post-FI/ER and pre-FI/ER = $330K. Post-FI/ER: house is paid off. Pre-FI/ER: 20% equity at 4.25%. Mortgage deduction ignored to keep things simple. I feel like this is reasonable since paying off the house is a common situation for the post-FI/ER crowd. + +-Post-ER: zero federal and state income tax burden (through loss harvesting, etc.--totally possible; this has been my situation since I retired.) Pre-ER: federal effective tax rate of 10%, state effective tax rate of 2%. + +-Healthcare: Post-FI/ER Obamacare subsidies = pre-FI/ER employer subsidies (this is probably a big assumption, but individual circumstances vary so much that let's call it a base case.) Let's say in both situations the residual premium is $6K a year, hence a wash. My family builds the premium into our budget, so no net effect for us. Perhaps at $500/month to a $33K budget that's overly generous. Adjust your number-crunching accordingly. + +-Post-FI/ER = zero 401K/IRA contributions. Pre-FI/ER = $6K (verifiable national average but a low number for the FI/ER community, which makes this a generous assumption.) + +----- + +So really, your post-FI/ER people living on a $36K budget aren't "living" on any less than people with a gross salary of something like 215% of the post-FI/ER budget. + +See where I'm coming from? It's a little counterintuitive, maybe, but I think it's a cool concept. + +As I said, I could be completely blathering horseshit wrong about this, but since we're using the scientific method and this is a hypothesis, please pick it apart. + +**TL;DR: crunch some numbers and you'll see that the post-FI/ER crowd might not be living on as little as you think when compared to salary earners.** + +/u/nckmiz rightly points out that /u/rootofgoodblog touched on this idea [in an article](http://rootofgood.com/early-retirement-40000-per-year/) a while back. Maybe he can chime in as well. I hadn't seen that article until /u/nckmiz mentioned it, but I'm sure it's come up elsewhere as well, and in any event I don't claim to have originated it. + +/u/hutacars sez MMM [has touched on the idea](http://www.mrmoneymustache.com/2016/04/01/mmm-spending-2015/), too. Seems popular. + +Edits: Oh, God...probably a dozen by now, but all for the sake of clarity. Didn't change any underlying assumptions. I apologize. + +Hi everyone, + +I have made some tweaks to cFIREsim and thought I would [share them here](https://alistair-marshall.github.io/cFIREsim-open/), the code is [on GitHub](https://github.com/alistair-marshall/cFIREsim-open). The original is still available, linked in the sidebar (**EDIT** it seems to have died about the time I posted this). + +## What I have done + +### Added Allocation Strategies + +Initially you had the choice between no rebalancing, static allocation and a glide path. + +I wanted to know what would happen if you didn't rebalance, but saved the bond allocation to be spent during a downturn. Turns out this is called the omega not strategy. + +I have now added bonds first and Omega Not strategies (as well as simplifying the allocation logic and UI). + +### Filter years by CAPE + +What is the difference between retiring during a downturn and when stocks are high? + +Rather than looking at all previous years, you can now filter out years based on the CAPE in the first year. + +This way you can see how some strategies work depending on how expensive equities are at the start. + +### Other minor changes + +I have made a number of other minor changes including complete removal of PHP and server side code. The whole thing is now in the browser and nothing is sent to a server (including removal of adverts and Google analytics). If you want to save your simulation, you can download a JSON file to your computer and "upload" it again later. + +## What I haven't changed + +I haven't updated the market data, it only goes up to 2016. Should I add the extra four years? I am sure that the market equities and bonds data comes from Schiller's spreadsheet, but I don't know where to get the gold data from. + +I haven't updated any of the documentation or links in the header. I am sure big ERN's series deserves a link. + +I would love to be able to extend the dataset to include other countries markets and inflation, though that would be a huge amount of effort and I am not sure I have the time and motivation resources to spend on it. + +## What next? + +I have scratched my itch. I have answered the question I had at the start plus a couple of others that occurred to me when I was working on it. I could just leave the code to stagnate again. + +Is there anything else anyone wants changed or investigated? + +Should I completely rewrite the documentation to describe the project as it stands in 2020? Should the project get renamed to distinguish it from the original? + +I don't know. I would like to know your thoughts. +Tesla is sharing its EV charging connector design in an effort to encourage network operators and automakers to adopt the technology and help make it the new standard in North America. + +Tesla said in a blog post Friday that its design and specification files are available for download. The company said it is “actively working with relevant standards bodies to codify Tesla’s charging connector as a public standard.” + +The charging connector in all Tesla vehicles offers AC charging and up to 1 MW DC charging. Its compact design and performance is considered superior to the Combined Charging System (CCS) connectors used by most EVs in North America. + +Tesla claims that its charging connector and charge port — which it now calls the North American Charging Standard (NACS) — is the most common charging standard in North America. It’s a stat based on Tesla vehicle sales in North America and the number of chargers at its branded Supercharging stations. Tesla has nearly 1,500 Supercharger stations in the United States. Each station has an average of nine chargers. + +Tesla didn’t name any automakers or charging infrastructure companies as converts. In this highly competitive environment, in which virtually every automaker is now using the CCS, it’s hard to see GM, Ford and Stellantis switching to Tesla’s technology. + +However, at least one company — EV startup Aptera — supports the move. Earlier this year, Aptera called for the U.S. government to adopt Tesla’s Supercharger technology as the standard for all EV charging in the country. And EVGo has added Tesla connectors to some of its charging stations in the United States. + +The company said in the blog post that network operators “already have plans in motion” to incorporate NACS at their chargers. If network providers like ChargePoint, EVConnect or Electrify America add NACS, it would allow Tesla owners to charge at these stations without a need for an adapter. + +If automakers switch to NACS on its EVs, it would give owners of those vehicles access to Tesla’s North American Supercharging and destination charging networks. + +Source: https://techcrunch.com/2022/11/11/tesla-opens-its-ev-connector-design-to-other-automakers/ +I think we read a lot about how to properly protect ourselves in the event of a lawsuit, but has anyone here actually been sued? I can't imagine it being fun, but what was your experience like? Did you have the proper protections in place? Do you wish you would've done anything differently? +Tell me your annual rental income then what is your net after taxes, covering mortgage and maintenance stuff? What actually goes in your pocket? We are in the midst of buying a property the mortgage is 3600 and potential income minimum is 5400 a month. +So I posted this question on the personal finance page and one guy asked if I was trying to keep the original home or sell. And it up 7 upvotes?! Clearly they don’t know what a cash out refi is…and it’s upsetting he got 7 people to upvote the comment. What a waste of time. But I’m hoping there’s more sensible people in this page. + +Cash out refi 2.875% (bought down with points, 3.25% was the par rate) 325k for 30 years to help purchase as down payment for +1.5m-1.7m home at 3.875% rate now. I have 200k down payment already if I don’t take the 300k cash out. Would be using a VA loan to purchase new home so low down payment is not an issue. +Quick clarification, these properties have been in my family for decades and I'm to inherit them in the future. + +&#x200B; + +As the title notes, this is a multi billion dollar industrial town with a neighborhood along for the ride. At one point I was optimistic that I could make something out of it, an artistic old town kinda thing, a social landscaping of creatives, just got an old school barber shop that moved in. + +With that being said, part of me thinks it is a lost cause. The industry is a chemical plant and god knows it's good for no ones' image, much less their health. The plant also provides clients to these businesses and without it, it'd probably be worst for me financially. Yet, awhile backI thought I had the potential to change the perception. + +We have 6 commercial spaces so far, many empty, I think that is the worst thing. I'd give away rent, abatements just to add some life to the block but I don't know if this can ever be more than what it is? +Your thoughts on the methodology and thoughts in general on the artificially low interest rates that have contributed to the likely upcoming market correction. + +https://www.realestateconsulting.com/expecting-13-hit-to-home-sales-due-to-rising-mortgage-rates/ +I ran out of fed backed loans and need to look for alternative ways to get loans for my next property. Anyone mind of sharing how they overcame this bottleneck? +This could change a lot of real estate investing tactics in the Twin Cities. + + +[https://slate.com/business/2018/12/minneapolis-single-family-zoning-housing-racism.html](https://slate.com/business/2018/12/minneapolis-single-family-zoning-housing-racism.html) +By nonsense I mean the extreme bias against Landlords. I've been around the block a few times. I'm a fairly moderate individual that offends both parties since my views are all over the place. I understand and believe there is a place of fairness for both Landlords and Tenants...there will always be bad Landlords and bad Tenants but overall I believe most are decent to each other and appreciates what the other party provides. + +&#x200B; + +That being said...going back to California...in particular Sacramento...holy...the new bill they are proposing: [https://mbrennanlaw.com/2019/03/14/new-bill-allows-tenants-to-withhold-rent/](https://mbrennanlaw.com/2019/03/14/new-bill-allows-tenants-to-withhold-rent/) + +&#x200B; +I'm Listening to a book on Audible by a developer who said this. He said when they can buy below replacement cost they buy- and when the market is hot, they build. Does that make sense in 2021? + +&#x200B; + +I'd be thinking about doing it with a SFH in a hot market. Ideally a buy and hold. Have you taken this approach? + + +I found this fascinating. I'll keep this short but I thought this group might appreciate it as well. + +I was doing some light reading on wealth inequality over time and found this gem. There was a presentation on wealth inequality that predicted total wealth based on reported income and estimate returns for each asset class. The thing that stood out to me was that wealthy individual were not getting any higher return on investments than the rest of the country and there was an interesting chart on Savings Rate (SR) for each wealth percentile. They related Savings Rate to Wealth accumulation over time. I think this is directly related to living off of investment income and achieving financial independence. + +&#x200B; + +Between 1913 and 2013: + +* The bottom 90% maximum SR was \~7% in the 1940's and 1980's +* The top 10-1% maximum SR was 35% before 1920 +* The top 1% maximum SR was 50% in the 1980's + +Presentation: + +Wealth Inequality in the United States since 1913 + +Emmanuel Saez (UC Berkeley) & Gabriel Zucman (LSE) + +October 2014 + +Link to presentation (see slide 42): + +[https://eml.berkeley.edu/\~saez/SaezZucman14slides.pdf](https://eml.berkeley.edu/~saez/SaezZucman14slides.pdf) +No, the upward movement in cannabis stocks is not a concerted distraction by Wall Street to take attention away from GME. Believe it or not, but a global stock market can contain numerous trends all at once. The weed stocks rallied because of the belief that broader cannabis legalization is possible in the next 12-18 months under a Biden administration. Remember: the U.S. House of Representatives passed a bill decriminalizing cannabis last December, only for that legislation to die in the Senate, still controlled by the GOP. Now that Dems have control of the White House and both chambers of Congress, cannabis has a much more clear and easy path towards legalization. Obviously that would be enormous for the marijuana industry, so people are grabbing shares now, ahead of the potential explosion in growth. Also, a lot of these stocks were shorted and are now getting squeezed. None of this has anything to do with GME. +“exuberant” investors have focused on the potential upside of stimulative tax cuts, while ignoring the risks from protectionism and new trade barriers. bolstering inefficient enterprises only temporarily staves off market forces +http://www.marketwatch.com/story/exuberant-investors-ignoring-trump-risks-says-legendary-money-manager-2017-02-07 +Hardware wallets are, without a doubt, the most secure way to store your crypto. Yet, at first, they can be rather confusing and I have certainly seen a lot of misconceptions around them in some posts. This guide is structured as a FAQ so you can jump to the sections of interest. Please do let me know of any feedback or further questions in the comments and I will be happy to update the guide. + +# What’s a crypto wallet anyway? + +A crypto wallet is essentially just a set of keys which identify you on the blockchain. The blockchain holds the ledger of all the transactions (entered by the miners or validators) hence it has at all times a record of where all the coins are. Thus, your wallet never really stores any coin. The coins are stored by the blockchain and your wallet simply contains the keys that let you prove the ownership of these coins. The wallet stores two types of keys: + +**Public key:** this is the address you use to receive your crypto, it is publicly available and can be shared safely. + +**Private key:** this is the key you need to use to prove ownership of the coins i.e. to sign transactions when you move your coins around or withdraw them from your wallet. It is generated from the seed phrase (usually 12 word or 24-words). + +It is important to stress that, essentially, **the seed phrase IS the wallet**. This is because the seed phrase generates the private key which is the only way to prove ownership of the coins. Whoever learns this seed phrase can claim ownership of your portfolio and, on the contrary, if you forget this seed phrase you might end up locked out of your wallet forever. + +&#x200B; + +https://preview.redd.it/cfd6b3hj3px61.png?width=326&format=png&auto=webp&s=c88211047277e47c1bed51e20908e47564209df0 + +# What are the different types of wallet ? + +**Mobile/Desktop wallet:** there are many desktop or mobile softwares that act as crypto wallets (e.g. Exodus, Atomic, Trust, Metamask,…). Those wallets are referred to as hot wallet because they are constantly connected to the internet. Whilst these are certainly the most convenient, their major drawback is that **they are the most vulnerable to security threats**. This is because your private key is stored on the computer or mobile phone which can be targeted by a malware, sim hack, key logger,… + +**Paper wallet:** a paper wallet is simply a piece of paper where your keys have been printed, along with a QR code to scan to authenticate transactions. This is considered secure because it is removed from the internet. The only way to ‘hack’ it is to steal the sheet of paper. + +**Hardware wallet:** a hardware wallet is a device, specifically designed to hold your private keys. It is another example of ‘cold storage’ meaning that it does not connect to the internet. You only have to plug it to confirm transactions, the private keys never leave the device. It is the most secure way to store your crypto but more on that later. + +# Why not simply leave my coins on the exchange ? + +Leaving your coins on the exchange where you just bought them is easy and convenient but not the safest practice. When you create an account with an exchange, it creates a wallet on your behalf. This means that, when you leave your coins at the exchange, you entrust them with your private keys and as the saying goes **“not your keys, not your coins”**. Many exchanges have been hacked (e.g. Altsbit, Upbit, Mt. Gox to name just a few and even Binance in May 2019) and in that case, it is almost impossible to recover the stolen funds. In some cases, there is also the risk that a government ban would freeze cryptocurrency transactions preventing you from accessing your coins. + +Having said that, some reputable exchanges, such as Coinbase, do invest a lot in their security and you need to consider whether you trust your own security measures more than theirs. Additionally, if you decide to store your crypto in your own wallet, you need to be confident that you will not lose your keys. It is estimated that **more than 20% of all the bitcoins have been lost forever**, mostly as a result of lost or forgotten keys. + +All this needs to be taken into account when assessing your personal decision but, it is generally considered that, for significant sums and/or for long term storage, a hardware wallet is the safest route. + +&#x200B; + +[In 2014, around 850,000 bitcoins were stolen from the exchange Mt. Gox](https://preview.redd.it/y1xvhfg75px61.png?width=644&format=png&auto=webp&s=1ca3ecea7eb47b7983ff14fa340aa2b543b63526) + +# How does a hardware wallet work ? Why is it safe ? + +A hardware wallet is designed to perform only a very limited set of tasks: it holds the private key and can be asked to confirm transaction using that key. It cannot connect to the internet and cannot prepare the transactions by itself. For this reason, it needs to be connected to a computer running a software, called a bridge, in order to prepare the transactions for the hardware wallet to sign. It is the safest way to store your crypto for several reasons: + +* The operating system that runs the hardware wallet is extremely specific, unlike the one on a computer or a mobile phone. For this reason, it is immune to malware. +* It does not connect to the internet so it cannot be targeted by an attack. +* The private keys never leave the wallet so they are never exposed to a potential thief even if your computer has been compromised. +* Some hardware wallets use extra layers of security such as pin code, passphrase to protect against specific risks. See the next sections for more details. + +# What if my hardware wallet is lost or stolen? + +If you lose your hardware wallet, simply use your seed phrase in any type of wallet (new hardware device or software wallet). Your private key will be re-generated and you will regain access to your funds. Then, because this private key is now probably compromised, you want to buy a new hardware wallet, obtain a brand new seed phrase and transfer your crypto to this new wallet. + +# What if my hardware wallet is broken? + +Same answer as above. As long as you have the seed phrase, you can always recover the wallet. + +# What if the manufacturer of my hardware wallet goes out of business? + +Same answer as above again except that you would buy a hardware wallet from a different brand. Most manufacturers will share the same seed phrase technology, thus the private key can be re-generated in a wallet from a different brand or even in a software wallet if need be. + +# Can hardware wallets be hacked ? + +**Physically stolen device** + +It is possible for a hacker to extract the private keys from a hardware wallet but only if the wallet is physically stolen first. If your device does get lost or stolen, it is more likely that you will be able to restore the wallet in a different application using the seed phrase and transfer the funds to a brand new wallet before your device falls in the hands of a hacker skilled enough to extract the keys. + +**5$ wrench attack** + +Another type of possible theft is the less refined so-called 5$ wrench attack. This is the case where someone, possibly armed with a wrench, physically threatens you until you release your seed phrase. Obviously, the best way to protect yourself against this kind of threat is not to talk about your crypto portfolio but hardware wallet can also help. Some hardware wallet allow you to choose a **passphrase** which acts like an extra word that you choose to add to your seed phrase. This way, a single wallet can hold a default portfolio (the one with no passphrase) and multiple hidden portfolios (one for each passphrase you choose). If you are forced to reveal your seed phrase under duress, you could give access to a decoy portfolio which holds a small amount of crypto without having to reveal your other portfolio since there is no way to know how many hidden portfolio have been included in the wallet. + +&#x200B; + +https://preview.redd.it/rwnzyfyi0px61.png?width=454&format=png&auto=webp&s=f121f29b25cdefdb4779666002b4395faa6c21f9 + +# Watch out for hardware wallet scams + +When you decide to acquire a hardware wallet, you need to be very careful to buy a device that has not been compromised. Indeed, a widespread scam when it comes to hardware wallets consists in selling devices that have been previously tampered with. To avoid that, it is highly recommended to buy your device directly from the manufacturer website such as [https://trezor.io](https://trezor.io) or [https://www.ledger.com](https://www.ledger.com) instead of going through third-party sellers such as Ebay. When you do receive your device, you need to make sure it is genuine and has not been tampered with, you follow the steps described [here for Trezor](https://blog.trezor.io/psa-non-genuine-trezor-devices-979b64e359a7) and [here for Ledger](https://support.ledger.com/hc/en-us/articles/360002481534-Check-if-device-is-genuine). + +A notable type of scam is the case where you receive a wallet that has already been preconfigured i.e. the seed phrase is already printed on a sheet or even a scratch card that you receive along with the device. This is a scam where the scammer already knows your private key and would have control over any fund you transfer into the wallet. **The seed phrase should always be generated for the first time when you perform the initial set up of the device yourself.** + +&#x200B; + +[A hardware wallet received with a pre-configured seed phrase is always a scam](https://preview.redd.it/bssnpbhn0px61.png?width=296&format=png&auto=webp&s=65b57ba2a75ab4f201be2fca1e269843a380a637) + +# Which wallet should I buy? + +So, you’re convinced, you need a hardware wallet, but which one should you get? Below is a comparison table of the most common hardware wallets so you can make an informed decision. They all have their pros and cons but the most important is that you can’t go wrong with any of them. + +&#x200B; + +[Comparison table of the leading hardware wallets](https://preview.redd.it/cii501fxwox61.png?width=502&format=png&auto=webp&s=60129c5f8ec224220aa48c423e5d6bee11c1b602) + +**\*Touchscreen:** this is an extra layer of security because it avoids having to type anything in the computer which is more vulnerable to security threats such as a key logger. + +**\*Passphrase**: this is the feature that lets you create hidden wallets within the device. + +**\*Pin code**: upon entering multiple incorrect pins, the device wipes itself such that the private keys are erased and can only be restored using the seed phrase. + +&#x200B; + +[Trezor One and Model T](https://preview.redd.it/6sa2vq9x1px61.png?width=559&format=png&auto=webp&s=7c51beb1af81f2f52f3297707d812d059ef62423) + +# I heard Ledger was hacked, what’s up with that? + +In 2020, Ledger company customers information were stolen. The actual ledger devices were not compromised and no coin were directly stolen. However, customer informations, including over a million email addresses as well as 270k home addresses and phone number, were made publicly available by hackers. This led to widespread phishing attempts whereby ledger customers were asked to download a fake version of Ledger live and input their seed phrase. Moreover, home addresses and phone numbers in the hands of hackers also led to personalised email threats as well as potential sim swap attack which could be used to overcome two-factor authentication. + +Consequently, even when using a hardware wallet, it is important to **follow best practice in terms of security**: ignore email scams, be on the lookout for phishing attempt, use authenticator app as 2FA, keep your seed phrase secure ideally in a rented safety box, … + +&#x200B; + +[Ledger Nano X and S](https://preview.redd.it/2zdks68y1px61.png?width=386&format=png&auto=webp&s=045fb513f098cad9004ad9c3a1a7d5f9c529d366) + +# I want to stake my coins, can I still store them on a hardware wallet? + +Some coins can be staked directly from the hardware wallet allowing you to earn interest on your crypto in total security. This is the list at the time of writing so far as I am aware. + +**Ledger Nano X:** + +* Polkadot (DOT): Ledger Live +* Cosmos (ATOM): Ledger Live +* Tezos (XTZ): Ledger Live +* Tron (TRX): Ledger Live +* Algorand (ALGO): Ledger Live +* Cardano (ADA): Yoroi, Adalite +* Harmony (ONE): Harmony One wallet + +**Trezor model T:** + +* Cardano (ADA): Yoroi, Adalite. +* Tezos (XTZ): Trezor wallet + +A step-by-step guide to staking ADA from a hardware wallet can be found [here](https://www.reddit.com/r/CryptoCurrency/comments/n1p1ae/cardano_step_by_step_guide_to_staking_ada/?utm_source=share&utm_medium=web2x&context=3). + +# Do I need to plug my wallet each time I receive coins or staking rewards ? + +No. The private keys is not required to receive coins. The coins are sent to your public address and this transaction is recorded in the blockchain ledger. You will only need to plug the hardware wallet to prove ownership of the coins if you decide to spend them. + +# Any other best practice tip I should be aware of when setting up my hardware wallet ? + +The first time you set up your hardware wallet, it is important to **practice disaster recovery.** After a few years using your device, it will likely be lost or fail and you need to be confident that you can recover your wallet. Thus, after the initial set up and after you have copied your seed phrase, send a very small amount of crypto to the wallet and wipe the device clean with a hard factory reset. Then, re-initialise the device using the seed phrase to recover the wallet. This makes sure you have correctly copied the seed phrase and gives you confidence you will be able to deal with the loss or failure of the device in the future. +Some points to newcomers after reading some frightening comments over in r/dogecoin: + +·If you don't hold the keys to the crypto, you don't own the crypto. If you can't even withdraw the crypto, you *definitely* don't own the crypto. RH doesn't sell crypto, period. They sell supposed unwithdrawable custodian rights to crypto, and we are hopefully now all aware that RH is full of crap. + +·Setting price targets like that of Bitcoin (30k or whatever) is completely nonsensical. Bitcoin has 18M coins out of 21M total possible mined coins. Dogecoin has 128B coins right now, thats 7100x as many. DOGE also doesnt haven't a hard cap due to regularly halving rewards, so its not deflationary in the way BTC is. It would need a market cap of $4Quadrillion to hit Bitcoin levels. In other words, bigger than all equity markets combined afaik. Dollar cost average (DCA) sells on the way up unless you want to drop off the cliff of euphoria into a 50-90% loss like Jan 2018 for a lot of people here. Its already x8 in a week. Bull runs rarely take coins more than x20 or so in a single major rally, and rallies are normally spaced a couple of years or so apart. + +·Don't chase rallies. Buying significant positions *after* a 800% rally is a good way to be left holding bags. You should be DCAing buys, not throwing all of your savings at it at once. Its also pretty stupid to be all-in on a 9B mcap coin. That's *high risk gambling* if you're dropping most of your assets into it. It will legitimately most likely throw you into a year or two long depression if you lose half of your savings on Fing Dogecoin. + +·Crypto should not be a significant part of your investments. If you're throwing most of your assets in this, and especially at one coin at the end of a major rally, you're not only placing yourself at an insane amount of risk, but you put steady growth of the asset at risk when you inevitably panic sell once the momentum runs out or a big seller enters the market. Everyone in crypto has done this to some degree. Its easy to say diamond hands all you want, and convince a thousand other sardines to buy in, and then have a whale decide they want to sell $200M worth over the next month who doesnt give a shit how it effects you. People have their own motives, and most whales probably aren't on Reddit. The people posting six figure holdings aren't remotely close to whale territory. There's 15 addresses with more than 1 Billion DOGE, and more than 100 with over 100 Million DOGE. Those people could potentially wipe out a rally solo. + +·Diversify your bonds. Have other investment vehicles, AND other coins. My favorite analogy is that of a castle. You want to build your castle with stable assets, this is your emergency cash fund, index/mutual funds, *maybe* some large cap stocks, real estate, bonds. That should comprise at least 50%, ideally 80-90%, of your assets. Speculative investments are the raiding party that you send out to loot shit *once the castle is built*. That's riskier stocks, options, cryptocurrency, etc. Yes, its possible to get lucky if you're solely doing speculative gambling, but its fucking reckless and stupid, and for every DeepFuckingValue, theres 20 people posting loss porn about how they took out a loan for a crypto/options play and got destroyed. It's rolling around with a small army with no defensive position. Really easy to get annihilated by shifting tides in the market, particularly when its all in ONE position. + +·Time in the market > timing the market. Quit trying to get rich in 3 weeks, or you'll end up constantly desperate for get rich quick schemes because you never bothered to build a stable base. Having a large emergency fund, and a significant amount of assets because you played it safe is a peace of mind that you cannot know until you have it. Don't throw away the possibility of that in a few years because you wanted to YOLO into Doge and be rich next month. + +·The diamond hand thing is really...unconvincing, in case you're wondering. If you're trying that hard to convince yourself and others that you can hang on, you won't. Because anyone who's trying to convince themselves of it is clearly not used to having investments go +100-2000%, especially at the speed that crypto does it, so you won't have any instinct for when to take profits. Greed will set in, and you'll convince yourself that it can survive any correction, and you'll still be waiting for the quick recovery once it drops 60-80% and sits there for 2 years. People who do well in this market have limited exposure, and thus can basically forget about their coins for months or years, because they have other investments and secure finances whether crypto does anything or goes to 0. Euphoria and blind optimism doesn't keep someone holding until something goes x100+. Indifference, apathy, and patience are the more frequent catalysts, because you arent checking Blockfolio every 20 minutes and goading yourself into a panic sell when it corrects hard or crashes. Living in an emotional state thats constantly tied to whether the market is red or green blows. Most of us in crypto experienced at least a little of that in our first year or so. In a away, its exciting because the risk doesn't let you focus on anything else, but its a horrific way to live. The mania eventually gives way into broke disillusionment if you don't have at least a partial exit strategy. + +Good luck and be safe. I'm sure this sub would really prefer not having to sticky the suicide hotline number again + +Edit: please take note of ajaxhacker who has posted numerous comments to this thread spamming amc, nok, gme. This is shilling 101. "We the people have spoken"...lmao. Okay buddy. If the people had actually spoken it would involve financial regulation, not trying to make a quick buck. You think we haven't seen this crap before? People were doing this nonstop in 2017 with crypto. Your know what happened? Whales gobbled up everyone, a few shrimp got minted into sharks, but mostly...the rich got richer. Institutions will happily take profits off these before all retail investors have the opportunity to. Who, once again, don't give a shit about "holding the line with their diamond hands" and you losing money, because they've been holding since fall of last year and are already +10s of millions or whatever. Don't be naive and don't get stuck holding bags. This type of sentiment is your worst enemy in trading and is one of the earliest and most painful lessons in speculative markets. These are the whales Im talking about: + +https://www.bloomberg.com/news/articles/2021-01-27/reddit-day-trader-army-fattens-fortunes-of-world-s-super-rich +[https://www.cnbc.com/2020/03/08/dow-futures-drop-700-points-as-all-out-oil-price-war-adds-to-coronavirus-stress.html](https://www.cnbc.com/2020/03/08/dow-futures-drop-700-points-as-all-out-oil-price-war-adds-to-coronavirus-stress.html) + +&#x200B; + +pUtS aRe toO exPensIve + +&#x200B; + +fEd wiLl prOp ecOnoMy + +&#x200B; + +prIced In + +&#x200B; + +Bulls: guh + +&#x200B; + +Bears: GUH IM CUMMING +Hi, I've been lurking around the sub for a yr and have been investing/trading for 10 yrs now. I have a fair understanding of fundamental/technical analysis and their place in markets. I am also a programmer by day like many here. + +Now, there are plenty of technical traders some experts and some not so much that at least appear to make money reading charts. They have plenty of followers and set patterns (complex or not) they make money off. This makes sense. However, the question that keeps bothering me is - Wouldn't a algo replace most of what these "technical gurus" do? Of course, experience counts - I am not discounting that but it seems like if you have a decent understanding of market/stocks and can whip up an algorithm you'd be way better off? I would think such profiles would make news raking in big bucks for hasn't been the case so I am definitely missing something and hoping you guys have some answers for me. +Has anyone purchased an algo from someone and did it work as expected (within range)? +Did you purchase it outright or did you pay a monthly fee for it and how much was it? + +**Edit**: Follow up question - What would you pay per month for a strategy that proved to be consistent and profitable? +To give a face to this topic. Lets use Cathie Wood she was in the news and popular in 2020-2021. She invested in stocks like ZM, TDOC, BEAM, SQ, SHOP, DKNG, PLTR, PATH, NVTA, COIN, TWLO, ROKU, U, TXG, FATE all near or close to the top. A lot of those stocks are now down 50-90%. + +I imagine others on this forum may be in similar situations with certain stocks. How do you get over the possibility it could be years to recover from these losses and some of those companies may even go bankrupt and you lose it all. +Typing from my phone.... + +Does anyone here get so obsessed with saving money that they don't enjoy it anymore? That money is for saving, not using. + +I auto deposit about 60% of my pay (after retirement contributions) into a savings accounts. + +Then I frequently make "impulse saves" where I transfer anywhere up to a couple hundred into my savings account when I'm bored. + +Then I look at my checking account and feel my money is gone. + +When money goes into savings, I feel like it's no longer mine. + +I think about dying before I can enjoy the money and it scares me. I also tell myself that I'm saving for a house, but in reality, I don't I want to be a home owner and stuck in a town forever. + +To put it into a dorky perspective... When I play RPGs, I stockpile hundreds of potions until the last battle, and I still hesitate to use them. I really only needed 5, and it all kind of feels like a waste. + +Or like people who buy toys to place on the shelf, never to be opened or even looked at. + + +I'm not trying to brag about my saving habits. I really feel like I might have a skewed view of money and may turn into a miserly old Scrooge. + +I understand I may want a house someday, or have to support kids (I'm married.) but I just feel I'm a slave to saving. + +This may be a naive outlook, but does anyone feel this way? + +TL;DR I focus so much on saving that it's bumming me out. Feels like an endless ladder. + + +EDIT- Wow! So many replies. This is overwhelming! I'll make sure to read over everything, it's just too much to handle right now. +https://youtu.be/QFgRxdqf5zA + +He says it in the above video after 19:35 (Sorry for my bad YouTube linking skillz) + +It’s from a recent talk he gave, where he is talking about his book that he published. Most of the stuff is going over my head, but I’m just trying to understand the basics of US economy. + +Since 16th of November the Spaceship Universe fund has dropped 15.6%. Compare this to other popular ETF’s like VGS (-0.22%), VDHG (-0.59%), and CommBank Pocket Aussie Top 200 (-0.07%) over the same period, and I’m starting to question the competency of this funds managers. + +Add to this the move to monthly fees vs % of investment, and that your money isn’t secure as you are not assigned your own HIN. + +How do others view the above ? Do you see this as a good time to get into the fund cheap, or view it as a case of the fund managers buying too many tickets for the wrong train ? +Hi all, + +Having spent most of my 20's blowing my savings on modifying 90's Japanese sports cars and then the last ten years or so doing the opposite: focusing on career/growing a strong income, saving, buying a house, etc. I find myself in a position where I have the income and assets to once again invest in a nice "classic" car. + +However this time around I'd like to do it a bit smarter. Ideally my aim would be to find a nice car I can enjoy on weekends, that will appreciate in value with time and (hopefully) won't have too many major expenses to maintain. + +Has anyone here had any experience and success with this kind of investment? + +Are there any unexpected expenses I may need to consider? + +Is it possible to break even with a classic car or even make a profit? Aim is not to make a profit, but rather not lose a ton of money if I have a change of heart or am forced to sell. + +Ironically, I know classic JDM cars have gone nuts recently and hanging onto my money pit may have been the best thing I could do. Although I truthfully I'm looking at older classics now, I love the look and sound of late 60's/early 70's American muscle. + +Thanks. +[https://www.businessinsider.com.au/australia-housing-home-loan-restrictions-negative-gearing-price-outlook-2018-9](https://www.businessinsider.com.au/australia-housing-home-loan-restrictions-negative-gearing-price-outlook-2018-9) + +"**UBS, like many forecasters, thinks Australian home prices will continue to ease by around 5 to 10% in the years ahead."** + +Surely they mean just Sydney and Melbourne, which is not reflective of all of Australia. + +Now that the main 2 markets are easing, where do people look next for property investment? Would Brisbane be the next flow on effect for house price increases once people continue to get pushed out of Melbourne and Sydney? + +Adelaide continues to rise albeit at a slow pace. + +Would be good to see where people see the next big opportunities in property investment. + +&#x200B; +Have a house we bought for 295k, now valued at 695k despite it being a dump. We've done nothing to it and we owe 100k on it. House is 3br, needs lots of work. We have 4 kids, work and school are an hour round trip away. + +Found a house that is walking distance to kids school and work, 5br, owners accepted 970k on original listing of 990k. House next door is the same, listed 990 sold for 1 million same week.Both houses on the market less than 2 weeks. + +Have to do bridging finance to get in as I can't sell mine 1st and live with family/friends or rent. + +Very nervous about buying, the arse falling out of everything and having to pay 2 mortgages on houses now valued substantially less. However moving would save shitloads in fuel, can probably get rid of a car, we have some room to live, and I get back about an extra 1.5-4 hours a day not spent commuting (sometimes have to go to work multiple times a day). + +We have a decent household income and could ride out some more rate rises and a sizeable house price reduction so long as current house sold within 9-12 months or so and kept >70% of its current value. + +*Edit* thanks to everyone who took the time to read and reply. + +I'm going to go over some sums a bit more in-depth and look at how far things would need to move house price wise and interest rate wise to find our point of unservicability to guide our next steps. + + Selling now and renting for 6-12 months while waiting to see what happens and/or engaging a second broker seem like the less risky options depending on how drastic a house price/interest rate movement we would be able to reasonably survive. +Recently settled on an OTP property and it's been over a month where the builder has not properly responded to a defects list that needs rectifying. + +There are certain items that I paid for (electrical variances) that were not installed and was told that they will be done in the three months post-settlement as that's usually the builders warranty period to fix up any issues. + +I've contacted Consumer affairs and VCAT but I've heard nothing back as yet. What are my options? Conveyancers have sent the list to the Vendors solicitors but no reply has been forthcoming. + +Has anybody dealt with this before? Getting quite fed up with lack of communication from the builder. +29m I work in mechanical trades, not long ago I was working along side a ~60yoM my casual picking of his brain for information and advice he would give to himself at my age and he told me to always have 2 years worth of wages liquid and that is what got him through every up, down and crisis through life. He worked 14 hour days 7 days a week for 5 years before taking a single day off which was to purchase his first apartment in Singapore then over the course of his life hes bought several more, 8 townhouses in Melbourne and 5 here where we live in Perth 4 of which hes purchased for his children to have a leg up in the world where he had none. + +Currently has well into 7 figures in cash... and his base wage around 90k + overtime and he still rocks 6am to 6pm, 6 days a week. Personally I would've stepped back and tried to live a little bit more but hes content with what hes doing hes a really nice bloke and stereotypical asian dad, made me a little more grateful for my situation being that I only had to do 12 hour days 6 days a week for 2 years to get into my first place but also highlighting the fact that my emergency fund is too low however circumstances are right now it is what it is and making every effort to help myself now and future me. +Please Delete Robinhood! + +Don’t wait for the next disaster. + +It’s a scam broker! You don’t own your crypto on Robinhood. + +Robinhood makes millions selling your pre-market order info stock trades to the Citadel and Wall Street. + +They will do same to BTC as they are doing now to the people holding stock shares... Citadel hedge funds CEO is a shadow owner/member of the Robinhood broker. +Lead trader at Citadel is Jeffrey Psaki, portfolio manager Citadel LLC is Jen Psaki White House Press Secretary brother. +Use Degiro for EU, Fidelity for the USA or any other safe platform. +You can imagine how many years they scammed ordinary people whose call for help nobody has noticed until now, if it wasn’t for the voice of 6 million Redditors we would probably never know about it and Robinhood would continue to cheat and scam people. + +Wall Street corporations cannot limit public access to the free market, nor should they censor discussion surrounding it, particularly for their own benefit. This apparent coordination between hedge funds, trading platforms, and web servers to shut down threats to their market dominance is shockingly unprecedented and wrong. It stinks of corruption! Multiple brokerages blocked the ability of small investors to buy more GameStop and other stocks..., is it Bitcoin next?! + +Robinhood even restricted trading in cryptocurrencies, citing “extraordinary market conditions” + +Report and Request from iTunes and Android to remove the scam application from their store after you leave a bad review. + +*** Angry traders swarmed the app’s Google reviews page, only for Google to remove hundreds thousands of negative ratings on Friday the 29/01/21. A class action lawsuit against Robinhood was filed with the Securities and Exchange Commission on Thursday. Attorneys-general of New York and Texas are reportedly looking into Robinhood and other companies over their conduct in limiting stock buys.*** + +Bankrupt Robinhood! + +Give a lesson to the future Scammer to be Brokers. +When Robinhood goes IPO, don’t buy. Don’t even buy Coinbase for that matter. + +I should note that if you have a Robinhood Crypto account, crypto is not included under their SIPC protection. This means that 100% of whatever balances you might haven in the crypto account could potentially be lost and not recovered during a bankruptcy. You can also not move your crypto off of Robinhood of PayPal. They are rehypothicating the assets and you don’t own them, just a paper copy. + +Not your keys, not your crypto! + +Power to the people! + +Sorry for the repost, but we need to remind people before the next disaster. This group is over 2 million members and it is our responsibility to help the noobs. +Please Delete Robinhood! + +Don’t wait for the next disaster. + +It’s a scam broker! You don’t own your crypto on Robinhood. + +Robinhood makes millions selling your pre-market order info stock trades to the Citadel and Wall Street. + +They will do same to BTC as they are doing now to the people holding stock shares... Citadel hedge funds CEO is a shadow owner/member of the Robinhood broker. +Lead trader at Citadel is Jeffrey Psaki, portfolio manager Citadel LLC is Jen Psaki White House Press Secretary brother. +Use Degiro for EU, Fidelity for the USA or any other safe platform. +You can imagine how many years they scammed ordinary people whose call for help nobody has noticed until now, if it wasn’t for the voice of 6 million Redditors we would probably never know about it and Robinhood would continue to cheat and scam people. + +Wall Street corporations cannot limit public access to the free market, nor should they censor discussion surrounding it, particularly for their own benefit. This apparent coordination between hedge funds, trading platforms, and web servers to shut down threats to their market dominance is shockingly unprecedented and wrong. It stinks of corruption! Multiple brokerages blocked the ability of small investors to buy more GameStop and other stocks..., is it Bitcoin next?! + +Robinhood even restricted trading in cryptocurrencies, citing “extraordinary market conditions” + +Report and Request from iTunes and Android to remove the scam application from their store after you leave a bad review. + +*** Angry traders swarmed the app’s Google reviews page, only for Google to remove hundreds thousands of negative ratings on Friday the 29/01/21. A class action lawsuit against Robinhood was filed with the Securities and Exchange Commission on Thursday. Attorneys-general of New York and Texas are reportedly looking into Robinhood and other companies over their conduct in limiting stock buys.*** + +Bankrupt Robinhood! + +Give a lesson to the future Scammer to be Brokers. +When Robinhood goes IPO, don’t buy. Don’t even buy Coinbase for that matter. + +I should note that if you have a Robinhood Crypto account, crypto is not included under their SIPC protection. This means that 100% of whatever balances you might haven in the crypto account could potentially be lost and not recovered during a bankruptcy. You can also not move your crypto off of Robinhood of PayPal. They are rehypothicating the assets and you don’t own them, just a paper copy. + +Not your keys, not your crypto! + +Power to the people! + +Sorry for the repost, but we need to remind people before the next disaster. This group is over 2 million members and it is our responsibility to help the noobs. +I don’t give a fuck and that’s why they never break me. I don’t give a fuck who says what about what, I don’t give a fuck who’s a shill and not a shill, I don’t give a fuck if the price drops and I buy more or goes up and I buy more, I don’t give a fuck about FUD or hedgies or Vlad or kenay and da Mayo boys. That’s why they’ll never break me, because I’m a hard working 40yo relatively poor father of four silverback who invested only what I could afford (used our vacation savings back in feb around 6k) to buy into a company I personally know and love. I’ve read all my own DD, have done all my own research and have determined one thing….no two things, I like the stock and I don’t give a fuck. LFG 🦍🚀🙌💎🌍👩‍🚀🔫👨‍🚀🕹🎮 🛑 +First, I want to thank many of you who have helped me realize the importance of having good credit (here in the US). This sub has taught me a lot, and a lot of the information I've read on this sub over the last year has really stuck with me. + + +To give some background, I grew up with my grandparents who didn't have a solid financial understanding, so I didn't understand the importance of credit at all growing up. Hell, I didn't even know what a credit score was until I turned 26. However, I understood the value of saving because growing up in a household with three siblings and two retired grandparents were not easy for them. So, I lived my life paying cash for everything. A trip to Vegas, cash. Christmas gifts, cash. Twenty-day Eurotrip? Cash, cash, cash. + + +At the age of 28, I met my current girlfriend who is six years my senior and much more successful - work and financially. As things got serious, we started talking about finances since I was always paying big purchases items with my debit card (which is fine), but she asked why don't I use credit for a few of these purchases to rack up points. I looked at her with the most confused face and asked what points are. Her eyes lit up, and she realized that I did not know how credit cards, scores, and the whole system. We downloaded one of those free credit motoring apps and checked my score. BAM! 450. She showed hers -- 820. + + +I felt embarrassed and knew I had to do something. She told me that she would help me better understand how it works and how to get started. We opened a secured card with $200 to get started. That was it. + + +Why was it a 450? Well, at the age of 19, I got a credit card in college and never paid my bill. It went to collections. Pretty obvious. + + +The first six months was a waiting game. Making purchases, paying the card off. I always maxed out the card, but still paid in full when the bill was due with auto pay. Around month 7, I get an email from the credit card company saying they will send back my $200 deposit, and now going from a secured card to unsecured. AWESOME! My limit was now $1000. My score went from 450 to 550. Now I'm checking my score on my app every other day. I know it's not going to change much from day-to-day, but I enjoyed staying on top of it. I slowly see it climb by being responsible for paying the card off IN FULL every month. + + +Having a better understanding of the system, I applied for a new card that's ideal for people who are rebuilding credit. Applied, fingers crossed, approved for a $3k credit limit! This is awesome! I go through my entire budget, switch bills I used to pay with cash to my credit cards, set up auto pay and done. + + +A year later, the excitement of checking all the time has worn off, but I went on just to see how things are doing a few months back. I check my score, and I'm at 720 with a 30k revolving limit. Thinking this was a mistake, I'm searching through the entire app until I see why. My GF added me as an authorized user on one of her cards that has a 26k limit with an 8-year history and paid in full on time every month. That was her gift to me for sticking with it. She trusts me enough to hold the card in case of an emergency. + + +But I want my own big boy card now even though I'm fine with what I have now. After a couple of months of doing reviews and prequalify checks (which I didn't pass), I bit the bullet and applied for the AMEX Gold Card. Approved! I'm sure there are better cards out there, but I thought this would be great for me. It was something I always wanted as a kid, and now I have it. All because of staying focused and a bit of luck. + + +So, that was my journey from 450 to 720. From only having a debit card to 4 credit cards. The habits I learned over the last year and a half will stick with me forever, and now I have a new goal to pass my GF's credit score. + + +Sorry for the long post. + + +Edits: grammar + +**Edit 2**: Thanks everyone for the support. I did want to address one more thing that has been coming up which was the boost I received from being added to one of my GF's credit cards as an authorized user. When I saw that my score was 720, there was also a notification that my score had jumped 77 points. So, with the combination of keeping my utilization low, paying my credit cards on time and in full, and with the benefit of acquiring her history, and high credit limit, I wouldn't say ALL 77 points were from her. Maybe +50 or so - which is still a lot. So my score (before being added) could have been 670. + +As I mentioned, it was a big boost to get me over the 700 mark. But again, this post was to explain my journey from 450 to 720 by using the resources I had available to me. Everyone's credit is different. I had one payment in collections I took care of, some of you may have 3 - 4, or 0. Some people may have people they can add as an authorized user that doesn't have a pristine credit history; some may not. + +Long story short, I wasn't in any financial trouble. I always managed my budget, saved, invested in what I could, and lived within my means. One of my financial goals this year was to work on my credit, which my GF and I discuss, and she helped -- the same way I would help her if she needed it. But it's important for everyone to know what you can and can not do when it comes to building your credit. I took advantage of all resources I had available. + +Thanks! + + +Im obviously not encuraging anyone to be disrespectful towards anyone who could have been unfortunate enough to not cross paths with GME before the squeeze. This is only towards those who had the possibility and access to the facts, but who couldnt handle the risk enough to buy even one or a few tickets to make sure they wouldnt get left behind. + +Edit: Wow, holy crap, I made it mom!🦍 +I'm curious to hear about some of your paths to senior leadership and executive management positions. + +What would be some of the key steps and things one can do to get the right training and experience to elevate? Are there specific things someone needs to achieve and have or is it mostly just finding a senior executive who can champion for on their behalf? + +Are executive coaching and counseling (either internally or externally) useful? + +About me - I am late 30s, middle management (Director) at a HW tech company and trying to outline steps for me to get to the senior leadership quickly. I feel like an imposter since I feel like I should know this path and answers to these questions already. So I am trying to get a conversation going here to thing through some of the things in my head. + +I get that it's not directly fatfire related but hopefully still relevant for career growth. +What are your investment risk attitudes and strategies in fatFIRE compared to traditional reduction of risk for FIRE? Less risky, similar, or more? + +25 years ago I would have been building in the lean profile - saving hard, keeping my spending in check. With perseverance and some luck, 10 years ago I was ramping nicely towards a FIRE retirement, was reading up on safe withdrawal rates, and thinking harder about reducing portfolio risk. I was keeping an eye on the horizon for the next big downturn that I wanted to prevent tanking my plans. + +I was lazy, didn't change much, and got incredibly lucky in choice of investments and the extended market upswing. 10 years of an average annual personal return rate of about \~25% was a heck of a drug. Now, I'm very comfortably retired in a HCOL area with about a 1.75% withdrawal rate, zero debt, doing the things we like, and still carrying a fair amount of exposure to a small number of strong single stocks that have done really well and have a good extended forecast. + +On the conservative side my old instincts are still telling me to diversify more, minimize the risk, and preserve the nice cushion - all the things I didn't do 10 years ago, lucky me! +On the flip side, my only real concession has been eliminating debt and pulling out enough cash we could ride out a downturn for 3-4 years without touching anything while waiting for a recovery. It'd have to be a significant and extended pullback to really start changing our plans. + +The middle ground feels like locking down enough assets in a "safer" plan for the normal retirement, and then staying more aggressive with the rest. I've shifted some into index funds from single stocks, but that's still a relatively aggressive stance compared to traditional retirement planning. + +I \*know\* my past rate of return is going to change, but it feels like I've got the cushion to go after the bigger wins that will enable some good things down the line. Of course, every gambling addict says the same, right? +Hi fatties, + +I need to hasten my entry into the FAT club: + +Looking for suggestions on good business brokers to help sell my small tech company. We do about 3M gross revenue year (no real cost-of-goods, only real expense is payroll for 5 employees). Revenue trend is upwards, but linear, not exponential. We are self-funded and not your typical tech company. + +Company is 10 years old. We have lots of ad-tech software and lots of merchant product/inventory processing tech as well. We have a lot of household name clients. I think we'd be a good acquisition target for a lot of companies, but we kind of fly under the radar because we're mainly just a bunch of engineers who hate trade shows, networking, etc. + +We're a California based company (not bay area). I met with a local broker but wasn't impressed. I'm thinking it would a better fit for a silicon valley broker. I've already spoken with my lawyer and CPA. They are of the mindset that brokers are dogsh\*t and we should just find the buyer ourselves -- I disagree and am happy to pay the fee at this point. + +Does anybody have rec's for good business brokers in this space (tech, small company, CA). Sorry if this isn't FAT related enough. I figure starting/selling a biz is one of the proven ways to fatness and really like this sub so wanted to start here. Thanks! +Anyone here decide to live on the road for a bit? Did you decide on a fatfire van life option like an earth roamer, global expedition vehicle, unimog etc? Something cheaper like a kitted out sprinter? Or even more basic like a truck/suv with a pop up or tear drop? I'm guessing there must be some people here that like camping but upgraded, and curious what your set up is like! + +I'm considering this in the next few years. +Hi guys, + +I was curious to get a range of networth-to-income by age. I think it would provide an interesting benchmark. + +When I say income, I think it would be helpful to only include your employment/business income, not your investment income that you're re-investing, ex. Dividends. +Hi everyone, I've already shared the book ''the candlestick bible'' with a couple of people here in r/Daytrading. They where very happy with the book so I thought I'm gonna make a post here so you can PM me for the book (I don't know if I'm allowed to put the link in this post). + +Edit: tooo much pm's wow! I'll leave the link here, mods please let me know if it's ok + + https://docdro.id/VZvxEAw +Well, crazy to see everything unfold in front of us. The DD was correct, you were right. At times it was hard to hold but god damn everything is unfolding in front of us. They are caught swimming naked, not only here but all over the world. Debit Suisse in trouble, shots were fired today by BoE, and you have 3 days to get your shit together (which means sell everything) + +Daddy Cohens tweet tonight is the kill shot. Welcome to the Endgame, the party is about to start +Kraft Heinz has had some disastrous news for the company on Thursday which dropped its share price by 27% in a single day. This news included SEC investigations for malpractices, dividend slashes, and massive losses. It is now trading at $35 down from its all-time high of $90. + +How to react to this news? Throughout history the common thing that always happens is that the majority of investors overreact to news. They buy high when the news is good and sell low as the news is bad. Investors like Warren Buffett know this and buy good companies when the price is low. "Be greedy when others are fearful. Be fearful when others are greedy." + +What makes a good company? Solid profits that can be relied on for years to come. Kraft Heinz has a P/E ratio of near 10. That's a very high level of income for the stock. And its main product, food, is a reliable source of income for Heinz, unlike the products in the tech industry which are subject to massive ups and downs and fierce competition. + +Because of the overreaction of the investors on Wall Street, and Heinz continuing to be a high-income company, against the majority of so-called "expert" analysts and Wall Street pundits, I rate Kraft Heinz Co a strong buy. + +&#x200B; +Has anything changed in the past year? + +Last time I checked, no robo-advisors were available in Croatia. If someone wanted to buy ETFs, one had to go to IB or OptimTrader (apparently on IB platform). + +&#x200B; + +Looking on [robo-advisors.eu](https://robo-advisors.eu), Croatia is not mentioned anywhere, nor could i find any manually. + +&#x200B; + +I would like something where I could put a smaller sum (\~3-5K€) and set up a small (\~200€/month) auto top-up from my bank account/revolut/transferwise. + +Alternatively, depending on fees, I could just invest once a year after I collect more money on the pile. + +I would like it to be able to reinvest, set and forget. + +&#x200B; + +It's just something to keep on the side. I might increase savings here though if all goes well. + +Edit1 As is evident, complete newb. Had no idea I can buy etfs personally. So I guess I don't need roboadvisor nor a broker. I can just do it yearly or such. Still no idea how. + +&#x200B; + +EDIT2 + +So, currently, it seems that my workflow would be to buy VWCE (accumulating vanguard ETF) on Trading212, get the money there via Revolut (no exchange fee from HRK to €). + +&#x200B; + +Another thing i don't understand.. + +What do i have to care about the broker once I buy ETF? E.g. I keep seeing often people say "XY is not reliable, you should use YX". Once I made the purchase, what do I have to do with a broker? Say, a broker firm (e.g. Trading212) closes shop. How does this affect me? + +Simple question. How much do you deposit in the savings account each month? As of today, I have no credit card debt and I save in funds, savings accounts and I have a few bucks invested in the stock market. + + +I have a goal that I visualize, but I wonder what the rest of you have. what is normal? +Today I was trying to sell a stock that has ended the day at $91 but when up to $190 after markets (it's a meme stock...) but when I tried to sell it at this price Degiro said the limit was somewhere around 110, why is this so? +**Location**: Vienna + +**Basic information**: M38, F37. Wife is pregnant and we will have a baby in January. + +**Family income**: €3000\*14 + €1200\*14. + +**Housing**: We live in a Genossenschaftswohnung (Government subsidized apartment) since 4,5 years now. €720/month, 95 m2. We can opt to buy the apartment in 2024. + +**Cost of living**: We don't own a car. All the regular costs, including rent, electricity, heating, communication, private health insurance, entertainment (GIS, Netflix) and so on, are currently at about €1200. Other things like food, clothing, buying stuff, traveling all together would cost on average 800-1000 a month. + +**Saving**: 90k in the bank at the moment. We didn't save much before 2015 because our income was lower. Most of the savings before that were put in the apartment for the down payment (€25k) and furniture (\~€10k). + +**Saving rate**: The saving rate in the last 3 years was about 20-25k per year. Of course it will be lower with a baby. On the other hand we are also looking for other opportunities to increase our income, especially after my wife's maternity leave. + +**Long term goal**: live in our own property. + +Option 1: To buy a house around or even in Vienna. This is my life goal. It would cost at least 550k in a reasonable location according to the current market price, and it's rising. For this we will need several years more of saving to have enough down payment. I assume by then our age will be an issue to get credit so the more down payment the better. + +Option 2: We are satisfied with our current apartment and we can buy it in 6 years. According to the current price in our surroundings I estimate it would cost 400k - 450k on the market. But as it's Genossenschaftswohnung, the actual price could be lower. We will only know the price in 2024. We can always fall back to this option but option 1, a house, is definitely my priority. + +We are worried about the rising housing price in Austria. We have thought about buying a small apartment to rent out, but because we live in a subsidized apartment, it is not allowed. + +**The question is, how to invest our savings from now?** Are ETF and stock market still the viable option given the uncertainly ahead? + +Many thanks! + +Edit: formatting +Hey guys, I have posted my first post here about a week ago and I have got a lot of useful information. I took about 7-10 days to do a lot of research and think about it and I made few decisions. As I am still new to investing, I just wanted opinon of guys who are much more expirienced and have much better insight than I do. + +Backround: **Vienna, Austria, 21 years old, 1250 euros salary - savings rate 50% - about 600 euros. Want to invest mid to long term (10-25 years)**. + +My decisions: + +1. **Broker - I will use Flatex** since it take care of my tax for me. Anyone got any problem using Flatex please let me know. +2. **Investing plan - 500 euros per month into iShares S&P 500 EUR Hedged UCITS ETF ( IE00B3ZW0K18)**. This is the part I am most courios on your opinon. I have done my research and I could not find anything bad about this ETF. All of other are in dollars,since this one is in euros it made my decision a lot easier. One of the better advices I have heard has been: Invest into what your know. Since I have moved to Austria just 12 months ago, I am not yet expert on EU stock market. On the other hand - I know S&P 500 pretty damn well. **If you think the MSCI World and EM are better options,please let me know down in the comments - I want to learn.** + +One more thing, most things I know about investing are from American books / youtubers. If someone knows some good alternatives for Europe,let me know. I started following Finanzfluss lately and he seems okay. Any investors from Austria got any good resources of knowledge for dealing with Finanzamt? + + **Thanks a lot in advance!** +So, I've been saving nearly all my teenage years and soon will be done summer working. I'm 16 years old. What are my options to make my money work for me? Like dropshipping, stocks etc. I know my expenses as driver license are coming soon but I don't really think that far yet. I hope you understood my situation. I'm thankful for your time. Location: Europe, Lithuania + [https://finance.yahoo.com/news/big-short-michael-burry-bearish-101844573.html](https://finance.yahoo.com/news/big-short-michael-burry-bearish-101844573.html) +I would like to help a coupe of not-so-young folks living in Italy (they are family) to do something smart with their cash. + +Summary: couple, 65+, retired, getting some pension from the state (sufficient for a modest living but no holidays or any other "luxury"), they own their flat. + +They are now selling some real estate and they will get about 300x their monthly net pension. What to do with the cash? + +Additional point: +* They will not get a financial advisor. They have low trust in banks due to historical reasons +* They have low tolerance to risk (e.g., they will panic with a 30% drop in the value of their assets) +* They need to keep some cash for emergencies +* I don't think they will be able to keep up if they will be asked to do some choices actively (e.g., buy/sell some stocks) also I don't think it's a good idea in general +* IMO they should get some immediate return given their age... + +My idea would be to put about 50% of the cash into a flat that they can rent, this will give them a monthly income which they can spend on some nice trips or something, without consuming the capital. 25% into an ETF like VTI, with small investments over a year or so both to give them confidence and to average the price. The remaining 25% in cash to make them feel safe. + +What would be your ideas for this case? +How do you build your portfolio? I am thinking to create an excel template for my portfolio to have more insights and a deep view on it. + +So what ***ratios*** and ***formulas*** do you include in your portfolio? (example: standard deviation, variance, correlation etc) + +I hope my question makes sense and some of you could show me some good examples +I have an account with Interactive Brokers through an intermediary broker (the latter is needed as my account is in a tax wrapper which is not directly supported by IB). + +The intermediary broker has made it impossible to trade in non-UCITs ETFs like TQQQ. + +I heard that this restriction can be circumvented by using options or futures. Has anyone done this? If yes, can you share your experience and explain the potential issues? + +P.S. I am aware that there are European "equivalents" to TQQQ but I don't want to use them. +Greetings, + +I am managing a portfolio of stocks and crypto, and I have many family members chipping in every while to increase their positions in my portfolio. They have little experience and expertise and chose to trust me with their money. + +I am currently managing the deposits and withdrawals manually on Excel, but it is becoming time-consuming. (i.e. If someone adds $1k to their holdings, I dilute all the others at the time of addition). + +Does anyone have any software, tools, Excel template, or advice? I'm starting to feel like I'm managing an index... + +I really appreciate any feedback! + +\- AK +This question has already been asked but, not fully answered, in another thread and, the information would not only be useful for me but for anyone that is in the same predicament. [https://www.reddit.com/r/eupersonalfinance/comments/eksszn/transfer\_positions\_from\_degiro\_to\_interactive/](https://www.reddit.com/r/eupersonalfinance/comments/eksszn/transfer_positions_from_degiro_to_interactive/) + +Just like the original OP, I would like to transfer my positions from Degiro to Interactive Brokers, and the fees are dwarfed by the amount of taxes that I would have to pay if I simply sold the shares and bought them again. + +From what I can gather, when you open "Transfer Securities" you are given 6 options: + +ACATS, ATON, Basic FOP Transfer, DRS(US), DWAC, FOP(US) + +Since "Basic FOP Transfer" is the only non-US option and the only that contains Degiro as one of its options you choose that one. Afterwards you are greeted with the following form to fill: + +Broker: + +Account Number at Broker: + +Account Title: + +Account Type: + +Contact Name: + +Contact Email: + +Contact Phone: + +Contact Fax: + +In "Broker" you choose Degiro and from [https://forum.mustachianpost.com/t/transfer-portfolio-from-degiro-to-ib-how-to/1993/5](https://forum.mustachianpost.com/t/transfer-portfolio-from-degiro-to-ib-how-to/1993/5) in “Account Number” you input your username and in “Account Title” your name (i.e., or the name of the Degiro account holder) and, "Account Type" you choose Individual. Now the first question is about the last 4 items (i.e. "Contact Name", "Contact Email", "Contact Phone" and "Contact Fax") should you input your information or Degiro's information? I would assume that it's your information, but still I ask this question because I find it weird they are asking for information they already have. + +Afterwards you can choose to Add Asset or Upload CSV, do ETF's lie in the stock category in IB? (I would assume so) I also find it weird the don't ask for the amount of shares in each position. + +Secondly, from what I can gather from the first link you have to massage Degiro and ask for the transaction to Degiro and they will send you your country's equivalent of the form [https://www.degiro.co.uk/data/pdf/uk/Outgoing\_Transfer\_of\_Investment\_Portfolio.pdf](https://www.degiro.co.uk/data/pdf/uk/Outgoing_Transfer_of_Investment_Portfolio.pdf) + +which seems pretty straightforward to fill. + +Afterwards, you just have to send the filled form and have to wait between 4 and 6 weeks for the transaction to be executed. + +Did I get everything right? + +TL;DR the questions not answer in the previous links: + +1. Do you fill the items "Contact Name", "Contact Email", "Contact Phone" and "Contact Fax" with your information or Degiro's information? +2. Do ETF's lie in the stock categorie in IB? +3. Do Interactive Brokers keep you up to date with the transaction process? (4 and 6 weeks is a long time) + +If you already did the transfer and know the process, any help would be appreciated here. +Hello, late 20 something living in the baltics. After years of financial struggles and lack of stability, I finally managed to get a job with good salary and saved furiously for a year until I used that savings to buy an apartment (on mortgage). + +Now I am starting to save up again as I pay my mortgage. I have 4k in savings now. I have never invested but I have been reading and following all financial related topics. + +I contribute little amounts to Pillar 3 but it's not much due to focus on savings. + +Should I focus on contributing to pensions and max it out or should I also have an investment account (on IBKR let's say) and start with small investments (100-300 euros)? +Hi Fellow European Investors, + +I'm trying to make the best strategy to invest 20-100k for 30years. What compounds best with least risk. It is a longterm focus so moving sell-date +- 5 years is ok incase year 30 is a market crash or market crash is soon expected. + +Here i have compared return of a kid(30yr), parent(\~55yr) and grandparent(\~95yr) for S&P500, Allweather & Nasdaq100 and i must say Nasdaq seems much more interesting than the others, check the excel and let me know what you think. I know nasdaq100 might have some heavy crashes like s&p500 but nasdaq100 just explode very fast so it seems that return are home fast if you just keep holding them. + +Excel with comparison: + +[https://drive.google.com/file/d/1GrIu9AlIzHHG6r3V6U7LhbXZgwUQdBfv/view?usp=sharing](https://drive.google.com/file/d/1GrIu9AlIzHHG6r3V6U7LhbXZgwUQdBfv/view?usp=sharing) + +Excel file preview: + +[https://i.imgur.com/VQhjdnH.png](https://i.imgur.com/VQhjdnH.png) + +&#x200B; + +*Summary numbers. 10k for 30years results in:* + +*S&P500: $93.272* + +*Allweather: $96.406* + +*Nasdaq100: $208.160* + +&#x200B; + +If we let it go for 50years the number really explode for nasdaq100. +Hey guys, I have posted my first post here about a week ago and I have got a lot of useful information. I took about 7-10 days to do a lot of research and think about it and I made few decisions. As I am still new to investing, I just wanted opinon of guys who are much more expirienced and have much better insight than I do. + +Backround: **Vienna, Austria, 21 years old, 1250 euros salary - savings rate 50% - about 600 euros. Want to invest mid to long term (10-25 years)**. + +My decisions: + +1. **Broker - I will use Flatex** since it take care of my tax for me. Anyone got any problem using Flatex please let me know. +2. **Investing plan - 500 euros per month into iShares S&P 500 EUR Hedged UCITS ETF ( IE00B3ZW0K18)**. This is the part I am most courios on your opinon. I have done my research and I could not find anything bad about this ETF. All of other are in dollars,since this one is in euros it made my decision a lot easier. One of the better advices I have heard has been: Invest into what your know. Since I have moved to Austria just 12 months ago, I am not yet expert on EU stock market. On the other hand - I know S&P 500 pretty damn well. **If you think the MSCI World and EM are better options,please let me know down in the comments - I want to learn.** + +One more thing, most things I know about investing are from American books / youtubers. If someone knows some good alternatives for Europe,let me know. I started following Finanzfluss lately and he seems okay. Any investors from Austria got any good resources of knowledge for dealing with Finanzamt? + + **Thanks a lot in advance!** +Hi, if you google "best etfs 2021" there are numerous articles talking about this (like investopedia) but i can't find easily European-domiciled Etfs (you can't buy US domiciled from Eu unless you use brokers). Any tips from someone for sure more informed than me? +26H living in Spain. + +Unfortunately pension schemes here are pretty bad (nothing like 401ks) + +Wondering if there are any Spanish ETFs worth considering for investments here? Or other investments worth considering in a similar vein? + +And which platforms do you guys use? + +Thanks! +Hi everbody! + +After some months of reading stuff online and getting into budgeting and personal finance, I've decided it's time for me to build up a portfolio. I want to make sure that I don't do anything stupid right away so I would like to read some advice from people who are more experienced than me. + +The amount of money that I'm willing to invest on a monthly basis is somewhere around €200-€300. +I haven't chosen a broker yet but since DEGIRO is not available in Romania, I guess I'll have to go with another option. I've been looking at Interactive Brokers. + +I intend to buy shares in 3 ETFs: one for worldwide exposure, one for emerging markets, and one for bonds. +There are some questions I would like to ask: + +1. For the first ETF I was thinking of **iShares MSCI World EUR Hedged UCITS ETF Acc**. Is this an OK one? +2. Should I choose **iShares MSCI EM UCITS ETF USD Acc** or **iShares Core MSCI EM IMI UCITS ETF** for the second one? +3. I haven't decided on a bonds ETF yet. Are all of them distributing? I would like to find an accumulating one so I wouldn't have to worry about income tax. + +4. Would Interactive Brokers be suitable for me or is there a better alternative? +5. Some ETFs are listed on multiple markets (for example, **iShares MSCI World EUR Hedged UCITS ETF Acc** is listed on both Borsa Italiana / Euronext NL Stocks). Are there things to consider when buying on one stock market of another? + +^If ^you ^made ^it ^this ^far, ^all ^I ^have ^to ^say ^is ^'thank ^you ^for ^reading ^my ^post!' ^:) +^ +Erste Group Bank AG started to offer employee stock which you cant touch for 5 years and you get free additional % stock depending on your initial investment: +Up to 1000€ (100%) +Up to 3000€ (50%) +Up to 5000€ (30%) +Up to 7000€ (20%) + +What do you think about this offer? Is it good idea to invest max 7000€? I basically get free 3000€ in additional stock plus the potetional growth in 5 years and dividends. +I would like to help a coupe of not-so-young folks living in Italy (they are family) to do something smart with their cash. + +Summary: couple, 65+, retired, getting some pension from the state (sufficient for a modest living but no holidays or any other "luxury"), they own their flat. + +They are now selling some real estate and they will get about 300x their monthly net pension. What to do with the cash? + +Additional point: +* They will not get a financial advisor. They have low trust in banks due to historical reasons +* They have low tolerance to risk (e.g., they will panic with a 30% drop in the value of their assets) +* They need to keep some cash for emergencies +* I don't think they will be able to keep up if they will be asked to do some choices actively (e.g., buy/sell some stocks) also I don't think it's a good idea in general +* IMO they should get some immediate return given their age... + +My idea would be to put about 50% of the cash into a flat that they can rent, this will give them a monthly income which they can spend on some nice trips or something, without consuming the capital. 25% into an ETF like VTI, with small investments over a year or so both to give them confidence and to average the price. The remaining 25% in cash to make them feel safe. + +What would be your ideas for this case? +Hi, just about to open a DEGIRO account. I am going to be investing in etf’s and buying the occasional share. Just looking for advice really...’’basic or custody account’’. Any help or advice would be welcomed. +Financial Planners typically indicate two things: + +1. Historical returns arent indicative of future growth +2. The S&P500/Dow Jones in the US have returned 8&#37; per year on average + +Is this true for the major European Indices? +Hello everyone, + +I'm 23 and I finally got my first job and signed my first contract (I know I'm terribly late, but thank god I at the very least started). This has been a wake up call for me and I started paying attention to my expenses even more closely (would always be a simple saver than an intelligent planner), but that clearly is not enough if I want to retire early. I started browsing the internet and read that in order to make money it doesn't make sense to keep the ones you have sitting in your bank account, and it really makes a lot of sense. However the internet is full of material and it's very time-consuming to just even identify the best one. What I would like to ask you is if you could suggest me the best sources to learn about investing, or about anything that you think may be useful to me in the long term. Books, sites, courses, videos, anything you can think of. I haven't studied economics or anything of that sort at university (and I kind of regret that now), but I'm determined to study on my own and know about everything I need to know before I put my money on the line. How much theory is even necessary? Should I tackle some courses like on Coursera or Khan Academy before I venture myself in finance? What I would really appreciate from you all is just a bit of direction to help me direct my efforts. + +To all who read until the end, thank you. I hope to hear from you soon. +Hi everyone! After days of beating around the bush I am still unable to find information on how I can replicate the following portfolio in Europe. +http://www.lazyportfolioetf.com/allocation/ray-dalio-all-weather/?source=content_type%3Areact%7Cfirst_level_url%3Aarticle%7Csection%3Amain_content%7Cbutton%3Abody_link + +I'm trying to find either the exact ETFs or something like them on Degiro. + +To be specific, I'm unable to find/decide on which bonds to buy. How to buy commodities? Paper or physical? + +As you can see I only have stupid questions, so please be kind to me. + +Thank you. Looking forward to your comments. +I've been investing in stocks for some time and only relatively recently got into crypto on a larger scale. In the time I've been in crypto I've seen my investments make far more in a far shorter time. + +Day trading has never been my thing; i'm a put money in and let it sit kind of person and with crypto I just feel much more relaxed. Particularly as you don't really have to use a broker - just transfer your coins to a wallet and secure your passphrase. + +The potential for mass adoption is so exciting to me; I will always diversify but most of what i have invested is now in crypto. + +Crypto just seems on the verge of mass adoption and the monetary explosion which comes with it. +This is a bit of a rant. + +So my financial situation isn't as bad as many people because I actually have a roof over my head and no family that requires my financial support. But I only make 24k a year and I only make *that* by working 7 days a week. I owe $1100 a month towards student loans (90% of which are Sallie Mae). So the only way I can keep my head above water is by working every single day of the week. I've been doing this for two years now and I thought I had my situation figured out but I forgot something. I forgot how fragile the human body is. + +You see I took for granted that people in my situation could just work all the time. If that's what you gotta do that's what you gotta do. I tell myself, thinking I'm being so rational about the situation. + +Then I had a mild medical event this week. I use the term mild because it was self treatable despite being excruciating. I made the stupid choice to buy a cheap frozen burrito, and then not thoroughly cook it. It was just a tad cold in the center when I ate it. Being used to the teenage college diet I didn't think twice about doing that until hours later. I woke up in the middle of the night with awful stomach cramps, a headache, and nausea. I forced myself to throw up and hoped I could sleep it off. No dice. + +The next day I tried going into work but went home after admitting I felt terrible. My employers, thank god, are not assholes and insisted I go home and rest. I don't get paid for sick days, so it was gonna cost me but I felt so awful I didn't care. I thought 'I just need one day off, I'll be fine.' + +Guess again, my condition only marginally improved for one day and then got *worse*. One day off turned to two days off, then three, four, and I'm now on my fifth (and hopefully last) day off. My employers (I have two jobs), are a little aggravated because food poisoning usually doesn't last this long. + +In total, this bout of food poisoning has cost me 525$ in paychecks. 525$ dollars for a *frozen burrito*... + +It's awkward to ask for a sick day, I hate it. It makes me feel like a scummy person. + +Spending a lot of time in bed and on the toilet, I had time to reflect on how tenuous my financial situation is, and how it must be even worse for so, so many people. + +This isn't even that bad. What if I had somehow broken a limb? What if I had been diagnosed with a severe illness, and couldn't show up to work for a month or more? What if it caused me to lose my job? Who would help me? Nobody. Why? Because this is America. + +Supposedly I have 'health insurance'. Whatever America considers health insurance is the biggest scam ever. And I'm actually one of the lucky ones because my employers front the first 300$ and take the remainder from my paychecks, so I only pay 200$ a month for health insurance. + +But what does this mincing of my paycheck afford me? + +One free non diagnostic physical. + +Everything else is out of pocket until my bills exceed 7,000 dollars (and even then we know how fickle healthcare insurers are). + +Great. So If I get hit by a car or get cancer I'm covered... after paying the first 7,000$, of course. + +But what about the *litany* of non-traumatic health issues we all typically experience in the length of a year? Guess we just gotta pull ourselves up by our bootstraps! + +This is getting lengthy so I'll try and get to my point. + +After a two year streak of working every day, I finally got sidelined by an illness, and it made me realize how fragile I am and how insane it is to think I can keep this pace up for the next 10 years or however long it takes to pay my loans off. Eventually my luck will run out, and this *terrifies* me. + +There must be so many people who had a job, managed to support themselves, then got sick and ended up homeless or dead because of our *absolutely fucked* healthcare system. And I can't help but feel I'm next in line. + +I'm more terrified of hospitals than the illnesses they try to cure. 1,000$ for the ambulance ride, 50$ for an aspirin. 250$ for the diagnostic screening. 5,000$ for a stomach pump. Obviously I'm not quoting exact figures but if anything I'm being conservative. + +Human beings are *bodies*, and bodies break! Sometimes in ways that no one can prevent. I'm sorry to say this, and I'm sure many people feel the same, but it's so hard to feel 'patriotic' when your government allows private corporations to dangle it's working class above the flames with a tenuous, thin thread. + +I'm one of the lucky ones too! Food poisoning is like stubbing a toe compared to what others endure while trying to keep their head above the poverty line. + +Anyway, I just felt really sad, frustrated, and vulnerable. I needed to vent. Thanks for reading. I don't have anything else to say. + +Barista FIRE'd and instead of working as a barista, I've been trying to leverage my college degree and 10 years of experience by looking for consulting work. + +I quoted this company for 10 hours of consulting work a month (Which would be more than enough to pay my expenses since my expenses are very low). And now they are asking me to become an employee instead. They tell me they can make arrangements to give me some freedom on work hours and maybe even work from home. I am a perfect fit for this position and they are very desperate to get someone in this position so I am tempted to see what they can offer me. + + +If you are in my position what would you do? I don't really want to go back to that corporate life but if I can leverage this situation to only work limited amount of hours whenever I want and where ever I want, I think it is worth considering.... What would be some pitfalls? +I'm 24 and make a very good income in a MCOL area. Realistically, I could feel financially comfortable buying a home in the next year or two if I wanted. + +However, the concept of homeownership has always been off-putting to me. I like being able to just call up the front office if anything breaks. I like not feeling tied down to a particular location if I decide to move. I like my area, but I don't see myself living here for the long haul. I like being able to live simply; I live far below my means and plan to retire in my late 40s at the latest, preferably earlier. At that point, I still don't see myself wanting to be tied down to a "forever home" but experience living in many different places (not just as a tourist). I don't see myself ever wanting kids. + +That said, the recent craziness in the housing market has me doubting myself. Rents haven't been hit too badly in my area it seems -- mine didn't go up when I renewed the lease last fall, and similar units are still around the same price on their website -- but the houses I see on Zillow have skyrocketed like anywhere else. Hearing that this isn't just a bubble, but likely the start of the new normal, has me questioning whether I am shooting myself in the foot financially by not planning to buy my very own four walls as soon as it is financially sound to do so. + +My main concern is that in the future, rent will be so expensive (yet homes still even more expensive) that I will have wished I had just bitten the bullet as soon as I had the chance. + +What do you all think? +I'm trying to understand the mentality of a maximalist and why does a person decide to become one. If you're a maximalist yourself, please share your point of view about this. +I think this is an interesting question worth exploring. I haven't seen people talking about it yet. + +Back in January 2016 Ethereum Foundation used to own 500 Bitcoin. + +Just recently Vitalik disclosed their current remaining fiat and crypto reserves and guess what? It seems The Ethereum Foundation bought 300 more Bitcoin in the meantime, according to Vitalik. Why do you think that is? + +At the same time The Ethereum Foundation sold almost half of their ETH holdings. Back in January 2016 they had 2,250,000 ETH and now they only have 1,161,460. + +So Ethereum Foundation sold around half of their ETH reserves while increasing their Bitcoin position by 60%. Looks to me they don't have much confidence in the price of Ether and they're pretty confident when it comes to Bitcoin, though you wouldn't think so, based on what Vitalik's been tweeting recently. +I’m 25 college graduate and I’ve had a couple experiences with so called ‘pyramid schemes’ or marketing tactics. I’m a very business oriented person, often doing side jobs to make money rather the traditional hourly wage. It’s helped me develop a business mindset so I’m always looking for business opportunities. From being presented with selling knives to old friends trying to rekindle by recruiting me, I have some idea of the scheme. + +Fast forward a few years, I avoided many of these scams but being a graduate is a huge thing for them. I’m doing a DoorDash delivery to this nicer house, a younger guy comes out and greets me nicely. We have a bit of a small convo about my job. He explains some seminar inside the home. He explains he was an older alumni from my college so it made me trust him more. Apparently one of the other guys was too. He told me follow him on Linked in which made me think it was a business opportunity + +I got his number and we scheduled a zoom call. He’s like ���I will try and get you in”, “we’re very selective”,”you seem like a good fit let me consult with my partners”. The whole time he’s making it seem like a golden opportunity that he’s willing to help me get involved in. He talks about all these guys who retired in their 30’s and says I can too if I work hard. But he assures me that he first has to decide if I’m a good fit. He explains how having a mentor is great and assured me that it was free. That were all owners and there’s no hierarchy. + +The thing that caught me off guard was that he recommended a great book to read before I met him next. I was a bit hesitant but I checked it out. This book was extremely helpful and relatable to my own life. It is called the 12 Pillars by Jim Rohn and I highly recommend it as it focuses on self improvement and finance. It made me throw out any worries about a scam, as i thought why would he recommend great wisdom without me even being involved yet. It made me think he cared more about my personal development than the business. Maybe this was another tactic but at least I get to walk away with something positive from this. + +I met him at Starbucks today in a polo and he pulls out the PowerPoint. He starts showing me some fancy graphs which are supposed to tell me how the structure of this company is better than a typical job. Basically what he’s said is he’ll recruit me, mentor me for free. But then today he said I had to pay some $200 fee once I wanted to begin sales for the website. Then he said I would be selling Amway products to friends and families. Not going to lie it seemed dumb to think I can convince people to only shop on Amway. + +The more he goes on the more I feel like an idiot for trusting him. He explains that he will earn a percent off the sales I receive and if I recruit people. Then the other guys earn a percentage off him. I would make more if I bring in friends. That I can get a percent back on products I purchase. But he says I can’t mentor people since I’m new so he would have to instead. He assures me the more I sell, the more I keep for myself. But no matter what, he would make 5% from me for life on the sales. There was also this crap about differentials. If I make a certain percentage less than he does, then he basically gets the difference of my profits. I strictly asked him questions about this to clarify more. + +Funny thing, he says he must own multiple businesses to do this. He can’t just ride on my profits or it would be illegal and a ‘pyramid scheme’ he explained. Feels weird that he would need to clarify that, I never brought it up. As the meeting ends, he goes ‘I can try and pull some strings to get you into the meeting tomorrow night. It’s not a guarantee’. Before ending the meeting he goes to the bathroom. I meticulously start searching my phone because I swore I remember Amway from something. Then I saw all these contradicting articles. Most of them say it’s not a scheme and honestly I would’ve believed them if I didn’t come to Reddit. But others were pointing out the cult like features and the manipulation, which woke me up. + +Evidently he texts me an hour later saying he can get me in. The meeting is at the nice house that I met him. He reminds me of the guys I’d party with in college so I related to him that way. Now I just don’t know how to respond. I trusted this guy and now I’m bummed that it may be a scam. I literally can’t tell but I feel like he’s using psychology against me. Telling me how he’s doing me a solid, how he sees potential in me, how we went to the same college. What do I do? +Earlier today Texas Senator Ted Cruz took a stand in favor of crypto currency. + +In a world full of unlikely heroes I'd like to say thank you to the **Zodiac Griller** + +[You're welcome](https://preview.redd.it/lq180bdri2g71.png?width=440&format=png&auto=webp&s=d42178d839c7eeb41dd3c73fafcda2733218b4fc) + +Here are the tweets! + +https://preview.redd.it/cilfk9kvi2g71.png?width=817&format=png&auto=webp&s=02ededb17e865fbda1292704f47104feec88ac9f + +https://preview.redd.it/gtqbjityi2g71.png?width=817&format=png&auto=webp&s=80c617788488898e29f6f0be33f5d1c902d4acfe + +Keep doing your part! and vote in the polls! +I'm sitting here this morning thinking about how free I feel right now in deciding my future, and I know it is all thanks to FI. I'm only halfway to my goal number, but I know that if I really wanted to, I could feasibly support my lifestyle on my savings alone for over 10 years. I'm still aiming for a lifetime, but realizing that I don't need to fear the short-term has helped me make some big changes in my life recently. + +I decided last week to quit my comfy yet unfulfilling job for something more challenging with significantly more pay. Many of my coworkers were surprised I would take a "risk" like that. "What if you don't like it?", they said. I told them, "if I don't like it, I will just quit." Realizing that I can actually do that and not stress about having to have a replacement job right away makes me feel amazing. Makes me think about all the things I can possibly do without being scared that it will be the end of me financially. + +I'm only "semi" FI yet I can start to feel the residual benefits, and I'm 100% hooked because of it. + +Thanks FI, and this sub for keeping me going. +Put $2000 into decn and didnt pull it. Made money off of uavs but held and lost $600. Lost on mvis cause I expected it to go higher. Greed has lost me about $3600 in profits over the last 7 days, and cost me anywhere between $600-2000. If your in the green, pull and take your bucks cause there is a good chance you'll lose if you wait. There will always be another bandwagon to hop on to. Now if youll excuse me, I have to find a bridge to go live under since I'm broke af now +Being a January ape my advice to newer apes is to NOT expect anything significant to come from earnings. We may get confirmation bias that our favorite company is thriving but price movement wise we may stay stagnant if not fall as they usually manipulate it to. The way this ends is either via DRS or RC releasing a bomb on the HF’s or any other major catalyst + + +Edit: [Yay got my first shill message!](https://i.imgur.com/gWYv9BV.jpg) +Like the title says, and in response to many posts I see here telling people to prepare for such a dip, or the others that gain appropriate Notoriety saying they held through the last dip, it’s not applicable nowadays. [Apple and oranges](https://i.pinimg.com/originals/1d/07/80/1d0780af11c64e18c8c6d2fa52f4e995.jpg). + +Retail and Industry are now heavily involved in cryptocurrency‘s, it went mainstream last year, The richest man in the world openly share the fact they HODL. I helped my mother set her account up last month! This is not the same space anymore. + +I’m not trying to spread hopium, just want us all to know the times they are a changing! +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I made a 20% down payment when I purchased my home about 3 weeks ago. I went into my credit union to retrieve my bank check the day before closing. Most of the down payment came from my savings account, while a few thousand dollars I brought along with me. (I run a eCommerce business and occasionally sell a few things locally). + + +Everything went smoothly and I got the check and went on my way. 3 hours later I get a message from my friend on Facebook saying I need to call her at the Credit Union. (She is a trusted friend, who did not complete the deposit or issue the check). + + +So I call her and she stated I had a counterfeit $100 bill and that I need to come pick up the bill, and that they took $100 from my checking account. + + +I could easily see this occurring as I accept cash payments. However I had a problem as they didn't tell me right away during the deposit (Maybe this was their policy? I still would have to check on that). But, my concern is why it took that amount of time to tell me it was fake. How do I know it was my bill that turned out to be fake, and that it wasn't mixed in with another customers, given the time frame it took to reach out to me. + + +Another quirk is that the teller ran the counterfeit bill detector pen through each bill and they all turned out fine with that test as I watched the teller (non-friend). + + +When I went to go pick up the bill a few weeks later, the original teller who completed the transaction was not in, and my friend could not find where she placed the bill. She attempted to call her and nobody answered (I should have stuck around until it was given to me, but I left). The teller has been with the credit union for at least 15 years so she knows how everything works. So I found it odd they couldn't find the bill when I went to retrieve it the first time, and that the original teller was in charge of hanging on to it. She is more along the lines of the person who is in charge of all the tellers. + + +So I go back a few days later and I get the bill. The teller (my non friend) said it didn't pass through their "machine". She recommended I take it to the police. There is zero chance I can figure out which buyer gave it to me from which specific sale, so thats a dead end. + + +Now, I don't even want to even think the teller committed a crime and swapped a fake bill with one of mine, but it feels entirely possible given the circumstances. I am fully fine with this loss, but after talking to a few friends and family, they thought it was odd and said I should raise a concern. + + +Im guessing the credit union has some sort of insurances for this, but I don't want to raise a stink if the bill is actually fake, but the circumstances are just questionable. + +Just wanted to share this interesting scenario and see if anyone can offer some advice who may work in the banking industry. + + +Should I bother calling and asking some questions? I've been with this credit union for almost 15 years. + + +**Resolution** +I contacted the credit union, spoke with a higher up and explained the situation. She was very understanding of hearing me out. She called me back about 30 minutes after we spoke and stated they will credit me back the $100. Asked me to return the bill (which I did today). She said I was absolutely right that the bill should never have been returned to me and they will use this as a refresher on how to handle situations like this. She was appalled they contacted me via Facebook. + +Additionally, the higher up explained that specific tellers transactions that morning, and said they believed the counterfeit bill 99% came from my deposit, however it turned out to be a washed out bill. Basically, it was previously a $10 and turned into a $100, which explains why it passed the pen test. Stated again it was the credit unions fault and they will fix this. + +In the end, I am satisfied! Thank you for all of the responses! +I’m going through my own ‘a third’ life crisis. I turn 31 in 2 weeks and my birthday will be the last day at the only ‘real’ job I have ever worked at. I started at this (asx top 50) business at 19 years old on $42k a year and worked my way up to a middle-management gig on $133k. This month thanks to the Coronavirus I have been made redundant. It’s bitter-sweet for me, I’m upset about losing this job, but I am also grateful for the amazing career and opportunities that I have had. My package is significant it’s a combination of a redundancy, long service leave, a prorata bonus and some vested stocks. All in all I will be walking away with about $120,000 after tax. My plan is to tuck the money away in a HISA and live off my wife’s income until I get another job. I guess my question is what next? I have a bit of imposter syndrome I always felt like a fraud in my role like I was no where near qualified to be in that position or earning that much money. Now for the first time ever I’m in the job market and every role I read I feel underqualified for. I dropped out of school and never did any further education. Every role I see that is similar to what I’m currently doing is asking for bachelor degrees etc. Also the job market is shithouse right now and decent offers seem few and far between. I feel like I have to make some big decisions for me and my family’s future but kind of feel like I’m having analysis-paralysis and overthinking everything. Has anyone gone through a redundancy? What advise would you give someone whose a bit lost in what to do next. +I’ve accepted a new role at work and my manager asked me what I think my salary should be. + +What’s my best move? Should I put forward a number or put it back on them? +Hi /r/Ausfinance, + +I originally posted this to /r/australia but got no replies (I don't think it made it to the front page) so I'm hoping someone can help me here. + + +Last year half my house was burnt down due to a fire from an exploding gas bottle near a barbie. + +[This was the kitchen :(](https://imgur.com/1D0vEJ5) + +I was paid out a lump sum from my insurance company to the tune of around $200k because apparently in the contract it states that if they think it's going to be too much trouble, they will just pay me out and it's up to me find a builder and do the rebuild etc. + +The house cost around $180k to build 5 years ago so based on inflation I would suspect that I'm going to be out of pocket a 10's of thousands of dollars factoring in a full rebuild with the demolishing costs and all that jazz. I don't want to have to do a full rebuild. + +The engineering report that was conducted states that the **building doesn't need to be knocked down** and it actually recommends replacing all damaged parts (there's a full scope of works which details everything, it's quite comprehensive). + +**Here's my issue** + +No building wants to touch this job! + +None. + +I have engaged with over 6 builders and everyone does the same thing. + +* Read the scope of works +* Organise a site visit +* Take >6+ weeks to get back to me only to say they won't be taking the job + +I have the money. + +I'm willing to pay someone but no one wants to touch it! + +I did have 1 builder give me a quote of around $285K (wtf). He was a designer home builder and charged a premium. + +**Questions** + +Has anyone gone through something like this before? Would love to chat to anyone who has been through this. +Can anyone recommend a builder in Victoria (Melbourne and East/West Melbourne area) that would take this job on? + +**TLDR** + +* Half of my house was damaged in a fire. +* I have been paid out by my insurance company and the engineering report recommends a partial rebuild +* No builder wants to do a partial rebuild +* If I do a knock down rebuild, I will cost me 10's of thousands +* Looking for someone who has had this happen to them to ask a few questions +* Looking for recommendations of builders in Melbourne and East/West Melbourne area to take this job + + +Twitter's stock will be delisted from the New York Stock Exchange on November 8, according to a new filing with the U.S. Securities and Exchange Commission. This comes a day after Elon Musk completed [the company's takeover after a lengthy ordeal](https://techcrunch.com/2022/10/27/elon-musk-bought-twitter/) late Thursday. Incidentally, the delisting is taking place on the same date as the U.S. midterm elections. + +"The New York Stock Exchange hereby notifies the SEC of its intention to remove the entire class of the stated securities from listing and registration on the Exchange at the opening of business on November 08, 2022, pursuant to the provisions of Rule 12d2-2 (a)," the [filing reads](https://www.sec.gov/Archives/edgar/data/876661/000087666122000890/0000876661-22-000890.txt). + +It also indicated that [the merger](https://techcrunch.com/2022/10/27/elon-musk-bought-twitter/) between Twitter and Musk's subsidiary X Holdings II, Inc. was complete. Musk's X Holdings I, Inc. will now own all the stock of the social network. + +"The merger between Twitter, Inc. and X Holdings II, Inc., a wholly owned subsidiary of X Holdings I, Inc., wholly owned by Elon R. Musk became effective on October 27, 2022. Each share of Twitter, Inc. Common Stock was exchanged for USD 54.20 in cash, without interest and less any applicable withholding taxes. The Exchange also notifies the Securities and Exchange Commission that as a result of the above-indicated conditions this security was suspended from trading before market open on October 28, 2022." + +At the time of writing, Twitter's stock was trading at $53.70 — slightly lower than Musk's buying price of $54.20. Twitter won't have to make quarterly disclosures like its monthly active users or its earnings as a private company. But financial institutions that have lent money to Musk will pressure the billionaire to make the company profitable. + +The social media company will likely form a new board after the current members will dissolve. Musk will have to also pick a new executive team, as one of his first steps after taking over was to [fire CEO Parag Agrawal, CFO Ned Segal, general counsel Sean Edgett and head of legal policy, trust and safety Vijaya Gadde](https://techcrunch.com/2022/10/27/elon-musk-fired-top-twitter-execs-including-ceo-reports-say/). Musk is [likely to assume the CEO position](https://techcrunch.com/2022/10/28/elon-musk-will-reportedly-take-the-ceo-role-after-exec-exodus/) for the time being, but he might hand it over to someone else in the long run. + +A report from [Bloomberg](https://www.bloomberg.com/news/articles/2022-10-28/twitter-s-twtr-top-bosses-poised-to-exit-with-100-million-as-musk-takes-over) noted that Agrawal is set to receive nearly $50 million while Segal and Gadde will get $37 million and $17 million each as part of the severance package. + +While the Tesla CEO squashed rumors [of him firing 75% of Twitter's staff](https://techcrunch.com/2022/10/26/now-elon-musk-says-he-wont-fire-75-of-twitters-staff/), the current set of employees are still [preparing for a massive layoff spree](https://www.latimes.com/business/story/2022-10-27/twitter-employees-brace-for-massive-layoffs-as-elon-musk-completes-his-acquisition). +My husband and I are in our 30’s and make $143k combined (pre tax). We own our home, purchased in 2019, have $115k left on our house (rough equity value at $170. Own two vehicles, 2010 and 2012 Toyotas—paid off. We have one kid under 2. We both are contributing %12 to our 401k’s. $2,500 in credit card debt/zero interest—intention of being paid off by March. Currently living in Kansas City. Retirement savings at around 90k now. + +Are there ways to get ahead or are we already ahead? + +EDIT: And what would be a good emergency fund stash? We try to be around $10,000 currently. +Hi, this is actually my first post to reddit and I'm hoping I can seek some guidance. Let me set the mood and explain my position. + +Im 21 my wife is 19 our son is 3 + +We have close to 8 grand in credit card debt + +just financed our first new car + +and we're about to move out of my parents house + +Given our bills already and taking in what bills will be added into account, we're looking close to 2,400-2,600. We need another car for me and I found a killer deal on one for 2,500 unfortunately we dont have that kind of money on hand at the moment. We've been looking into loans to cover the cost of the car and plating it but we also were looking into loans to help get our credit card debt down and save us some money. I came to the conclusion that a single loan of around 6,500 would help bring down our two major credit cards and buy us the car. I've done some digging and it seems straight up credit card loans have a cheaper apr resulting in a lower monthly payment and fees, I've thought about applying for two different loans but I don't necessarily know if it'll save me money/stress. We also need to factor in furniture aswell as appliances when moving out and didn't know if I should get a bigger loan to cover that instead of using a credit card after I pay it down. My mind is in a twist and don't have very many people I can go to for financial advice. Any would be helpful :) +So here it goes. Right now I pay $1600/month in rent and take home almost $4k/month after deductions. I have $75k in my savings after selling my condo which I bought at the bottom of the market in 2016. I bought it because I got a deal and the price was "recession proof" and I was right. + +Right now I could buy a very nice townhome for ~$350k and my mortgage would be slightly less than my rent now! The kicker is that these places were selling for just $280k in 2018...wild! + +On one hand I'm paying $20k/year in rent out the window, so if the market dips, say $30k, over the next few years it's technically not a net loss, and I'd be happier with a roomy townhome. On the other hand, if it dips back $70k within 5 years, It'd be a huge loss even compared to renting. + +Tell me your thoughts! +Got a new job making almost 100% more money than ive ever made in my life, 78000. I will be living in a low cost of living area (around dallas). How much should I be putting into rent+utilities a month? Ill be making about 6000 before taxes and was curious about your ideas. +Hello, + +I am 16 and want to know what to do with my money from my summer job. I worked really hard to buy a new iPhone 12 ( I’m currently on a 6s that is just about going) when it releases but I’m not sure I want to spend all my money on that. I worked like way over 150 hours at £5 per hours and I had my birthday as well so I’m currently standing at £1200. + +I don’t want to blow all of it on a phone and rubbish that I don’t need. How can I best use this money to benefit my future self? Lots of people may say save for university but I was hoping to get an apprenticeship degree. + +Any help is welcomed. Thank you in advance +So to start, obviously my family is paycheck to paycheck. My pregnant wife, my son and I live in a 2 bedroom apartment that I DO NOT want to renew the lease on because rent is going up and will be over $1100 after the next renewal. We have 2 car payments but both cars are necessary, mine to go to work and hers to get to doctors appointments and such. I have almost $11k in credit card debt from when I was a dumb kid in the military. I have claimed “financial hardship” with my credit union to lower my payment and rate on it. I get $11/hr and in a couple weeks it’s going up to $14/hr. I work like 25 hours a week because it’s what works with my school schedule. I’m using my Post 9/11 GI bill for school, which pays BAH every month (pays my rent plus a little). I also receive disability from the VA which is almost $2000 every month. My wife does not work because we both feel that her working would result in a net loss of money due to childcare. I would love to purchase a house but we have zero savings. I also am going to school for aviation maintenance and most (like 99%) of employers require you to have your own tools. I have looked into this and it will cost around 15k to 25k to start. My credit is bad (600ish) and my wife doesn’t have enough history though her credit is high. I’m not sure how to go about succeeding here. I’ve looked into VA backed home loans that don’t require a down payment but because my expenses are to high (including rent) I can’t get approved for it. I don’t want to apply for loans yet to get the tools because I don’t want to increase my debt to income. I know I don’t have many options here but i feel like I’m kind of stuck because I can’t get tools to get a job in my field, I can’t get a house because I don’t have a good job, and I can’t save money because my monthly bills and cost to live are too high. + +Please just shoot me ideas that would help. +Beyond the annual limits of pretax but I am unsure how much I can add. My salary is 150k + +We are trying to retire early in about 7-8 years. SO is 50. We are not married and don’t even live together right now. But we will in a couple of years move in together but remain unmarried. I am a bit younger. But when we retire I will work part-time maybe for a few years + +But I want to aggressively add to my 401k right now but not sure how to ago about it + +Edit: added info about n my Arita status for context +Quick question. My wife and I have worked hard and lived a pretty low key lifestyle to pay off our school loans over 7 years that have totaled over 250,000 USD. However, I have friends that have expensive cars, homes etc, and still have thousands of dollars of school loans. + +Even though we are out of debt, in the end my friends, who are in a lot of debt, are still getting the luxuries they want and pretty much are still living the same life as me (sometimes with nicer toys).. My question, in this day and age when living on credit, and with a credit reporting system that punishes you for being responsible, what's the point of being out of debt? +I have no experience with bitcoin. My daughter was messing with my phone (she's 1.5) and somehow purchased $800 worth via cashapp. How do I handle this. I'm not really in the crypto market, and that wasn't really money allotted to investment. Rn it's at $784. Any advice? +The business model and activities of these platforms can continue and thrive ONLY if prices of the crypto they have in asset keep increasing; yet, even noobs know BTC fluctuates a lot and corrections should be expected from time to time; In other words, price correction now is deemed to happen, and these platforms are deemed to go into this bankruptcy/insolvent ending. + +Can’t understand why people still leave their coins there! +https://www.cnbc.com/2020/03/26/fed-chair-jerome-powell-on-when-to-restart-the-economy-we-would-tend-to-listen-to-the-experts.html + +A trick you can use to see if someone is lying is to ask yourself whether they would ever say the opposite. Would the Fed ever admit they're out of bullets? No. Meaning they're probably out of bullets. Money printing doesn't fix demand and supply shock. +RESOLVED, PLEASE STOP CALLING!!! + +Thanks everybody for helping, calling to support worked, Brian got the message, but now please leave the hotline to people with other problems. + +--- +It seems that Coinbase doesn't notice petitions and emails. You need to talk to Coinbase support at this phone number to make yourself heared. +I feel pretty lonely sometimes within the Bitcoin community. Allow me to rant for a moment. + +I see all this obsession with the price and exchanges and ohnoes, I stored my money in someone else's server and now it's gone, and I wonder, well, why was your money in someone else's server to begin with? And why are you just speculating with it? And then you start dreaming about how you're gonna make a profit by mining it and you talk about "market cap" and then you go on about Ayn Rand and how the banks are screwing you over and to all of this I say who^*gives*^**a**^***FUCK***. + +Look, if you guys in the US are upset about the IRS not treating bitcoin like a currency, why are you so surprised when you yourselves are not treating it like a currency? Whoever heard of something as idiotic as the "market cap" of the Euro? Whoever stores all of their dollars in some random internet idiot's server? Who thinks that they're gonna bring down the international central banking system with dogecoins? + +I'm just here for the bitcoins because I got *paid* in bitcoins for my *labour*, and I *spent* those bitcoins on goods and services I wanted. I kept the bitcoins in *my* possession, not on someone else's server, because I don't need to make fast transactions into fiat. I use bitcoins as currency. I'm not a speculator, a miner, a fiscal revolutionary or anything of the sort. I'm just here because I like the idea of being able to zap money instantly to anyone worldwide. Just this. + +So, who else is with me? Or am I the only one around here actually using bitcoins as international internet currency? + +P. S. I get that we need miners and speculators to get the system going, so those of you brave souls doing that, thanks for getting the wheels turning. But we can't *all* be speculators and miners. I just want to find the ones who aren't. +We have just moved to UK (few months ago) and are renting a 2 bedroom ground floor flat in Manchester (not center). Everything in the house is running on electricity (hot water, heating, hob, etc) + +I'm wondering is it normal to pay 300 GBP for electricity this month and before it was 250 GBP? + +We're planning on maybe buying a house/flat later in the year and just looking to understand if this is a normal situation we should expect everywhere. + +UPDATE: Thanks, everyone for the helpful answers. I hope I'll get to the bottom of this soon +I have a 1 year old. I've been supporting us all for the last year whilst the wife has been on maternity leave. She has just got a very good job, paying more than mine, which she has been after for quite a while so is excited to get back to work. + +I really don't like my job, it's high pressure and stressful and it's making me pretty depressed, so the opportunity to spend some time as a full time dad for a while is very appealing. I figure I wont get another chance to spend so much time with her whilst shes so young. My thought is I can then look for work again down the line. + +We have managed on my wage so far well enough and I have > a years wages in savings so we will be ok for money. I still have a nagging doubt about quitting a job in the current circumstances however. I was brought up with a work ethic and have always been in work so it feels like a big step. I work in a fairly specialised field so I think I should be able to get work again. + +So I was wondering if anyone else is in this position, have any of you quit jobs to be full time dad (or mums)? How did it work out and is there anything I should be aware of that I'm not thinking of? I'm I crazy to consider this now of all times :) ? + +Thanks! + +EDIT: Thanks to you all for your comments, they are much appreciated and very helpful. I've been mulling it over and speaking with the missus some more and I'm going to take the plunge! Will speak to my boss next week to hand in notice. Exciting times, wish me luck! +Hi all, + +So I am a dual national - Polish/UK. Born in Poland but grown up in UK. + +I've been working effectively since the 2016 tax year, but because it was part time hospitality I didn't make enough pension contributions through work. Only this year as my first office job I have made a year count. + +I can add voluntary contributions to make up the previous tax years up and till this April, to effectively end up with 4 years done and dusted. + +I got 4-5 years of uni here, so if I managed to contribute for all those years I should be able to get 8-9 years in total. + +I don't think I want to stay in the UK for long term after that, but I imagine staying on a couple more years, and doing these voluntary contributions is worth it so that I can have a basic pension at from the UK at least secured (theoretically speaking, we'll see in 50 years time lol) + +Do you guys agree? +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1563162865590468608) .@The_DTCC Does #DTCC and @GaryGensler comprehend the message $GME #GME retail is sending? Fully 25% of total shares outstanding in $GME are DRSed. Over 191k accounts @Computershare represent ~200k people who have lost faith in the US market's ability to protect their investments +Hey all, hope you you're having a wonderful Wednesday. + +I'd like to get a little feedback on this portfolio I'm planning out as a beginning investor. (I tried the weekly thread, but no dice there. Please remove if asking here isn't tolerated) + +I am 27 years old and looking for *low* to *moderate* amounts of risk over 30-40 years. I will be DCA'ing and looking to potentially begin to convert a portion to bond ETFs as I get closer to retirement. + + +|VOO|VUG|VNQ|SLYG|XLU| +:-:|:-:|:-:|:-:|:-:| +|50%|35%|5-10%|5-10%|5%| +Hello everyone I'm younger than 24 and through advice from older brother and dad, I should start putting savings /income in ETFs. After looking through the sub and my own research I set on this 50% BLV 30% VITI 20% VXUS. I was told to be more aggressive since I'm younger what are peoples thoughts? +I've held VGT for over 10 years. I bought VGT shares on margin many times. This old workhorse has delivered some amazing gains over the last decade. At times, my VGT holdings grew so fast they were over 65% of my portfolio. I still believe tech is king, but I think 2022 is going to be the year of the Dow Jones Industrial average for a lot of reasons. Here is my current portfolio as of market close: + + +&#x200B; + +|Position|Previous % Allocation| +|:-|:-| +|VGT|10%| +|VDC|10%| +|VDE|10%| +|VNQ|10%| +|VFH|10%| +|VPU|10%| +|F|10%| +|COST|10%| +|Cash|20%| + +&#x200B; + +My brain is telling me to let go of VGT entirely, at least for a few months. We're in this price discovery phase where we're going to start revaluing stocks based on p/e whereas before we just bought stocks on good news regardless of the condition books were in. We still don't know what people are going to think reasonable P/E ratios are, or how tech is going to be priced moving forward. However, it's pretty clear to me tech has some correcting left. + +That said, I'm bullish on the economy. I'm waiting to pull the trigger on two things: tech and consumer discretionary. I think supply chain issues will peak at the start of Spring, covid willing. Then we're going to have a situation where workers got pay increases and the price of goods and services start to plummet. That's a situation the Dow was made for. + +Oh, and half my position in Ford are $20 LEAPS, mostly leaps that expire in September, and a few shorter term leaps. + +Where We Go From Here +I'm looking for a good opportunity to get back into tech. I think it might be worth building a position in some of the Megacaps if they start selling for the high 20's or low 30's p/e wise. This might be a mistake, Wall Street may decide these companies are worth more than that. More broadly speaking, I'll feel comfortable going back into VGT when the average p/e of the ETF is more in the mid 20's. + +I'm also looking for a good opportunity to lay down a 10% position a consumer discretionary ETF, and buy into UDOW on the other side of 2021. + + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + + +I thought I would ride VGT to early retirement and never sell what I held in my IRA. I guess I'm going to have to say goodbye to VGT for now. I'm still kinda nervous about the move, but I still feel like I made the right one. We'll see how it goes? +I’m 18 years old and just maxed out my Roth IRA but in the back of my head I keep thinking if it’s even worth it since life expectancy is 72 years old and who know what might happen to me by then. I was wondering if I should invest to retire early or late. When I retire late is tax free and more space to grow my money but if I decide to do it early its taxable and less money. What are your thoughts and I need your help. +So I'm looking to invest around 500$ in etfs (about 1/3 of my total money rn). I was wondering if anyone has good advice on what to invest in. What I was thinking about was: + +\-50% in a very low risk diversified etf (I was thinking about that stock of about 3K companies around the whole world) + +\-25% in either the top 100 or the top 500 companies of the USA (let me know which would be best) + +\-25% in a relatyively riskier etf but with higher potential. I was thinking about a sector like esports or green energy. Either this or an emerging market etf + +Let me know about which would be best for each catoegory or if this portofolio sucks! I'm open to all suggestions. + +Edit: I forgot to add that this is more of a long-term plan. So 5-15 years or so. What would be the best for 5 years, and what would be the best for 10-15 years? Oh and also, I would be prefer passively managed index funds + +I’m in college with not a lot of income coming in. I don’t make enough to pay off my loans as I go through school but would buying $100 a month in fractional ETFs on Robinhood be worth it? +Hi all pretty new to ETFs and investments. +If i have 50,000 and i want to invest for 10-20years with maybe 2-4 different kind of ETFs. +How much percentage of each ETFs and the reasoning behind it? Appreciate all the help given +It's gonna happen... the bottom will drop out from under a sector or the market as a whole. Maybe not now or even this year, but we will see a cliff at some point whether it be a correction or an unseen event. + +Trailing stops (either % or $) are a great risk management tool for individual stocks and I have used them in the past. But I haven't really considered setting any for the ETFs I own. + +I would like to hear what peeps here are doing (or not doing) in terms of setting stops for your ETFs. Or, are you using a different risk management strategy such as puts or simply watching your ETFs daily to make a game-time decision if/when to get out. + +Cheers! +Hi everyone, ETF noob here. + +I was looking into both VTI and XLG. Both have the same top 10 holdings, but VTI is cheaper. What are the pros/cons or investing in each? +My portfolio is 98% U.S stocks, and I am looking for a couple of decent international ETFs to increase my non-U.S exposure. Are there some good ETF's that don't include thousands of companies, instead using certain criteria to pick some of the "better" international companies. SCHY is on my list right now, but I wanted to add a couple more. +I opened my securities portfolio with the bank yesterday and bought five ETFs for fun for 180 euros. I enjoy seeing the daily trend. I still know very little about this world. Have any of you ever made a micro investment like mine in the beginning? How did it end? +Hello Redditors. I am recently looking forward to investing in a ETF but I have not a lot of knowledge in this sector. Which are the best ETFs that a beginner like me can start investing in. Also, do you have any recommendations on which broker use? thank you in advance for your help. +I opened a ROTH IRA when I was 24 but my banker didn’t advise me to invest in it but treat it like a savings. Did my research and left the bank and went with a brokerage like fidelity. +Im 27 years old and I’m looking into picking what to invest into my ROTH IRA, however not sure if it’s a good idea to choose one or choose multiple. I put asterisks for the ones I’m highly interested in. + +VEU + +VOO ** + +VTI ** + +VGT ** + +VIG + +VXF + +VUG + +ARKK + +ARKW + +DIA + +QQQ ** + +VXUS ** +I wanted to add small cap exposure to my portfolio and I found VTWG. It’s the Russell 2k growth fund. I saw that the volume averaged only 3k a day. Does those have any major negative effects? +Edit: everyone that came here knows what is going on in r/gme so there is no need to keep repeating it here and at the same time suppressing useful and helpful posts. + +This happened in January at wsb and we were prepared for it to happen again. +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? + Never in the history of the market have so many people, from high schoolers to bartenders, shown interest in the market. It started with crypto. Which drew attention to the idea of trading shares of something to the mass public. And now, somehow the pandemic has increased market interest 10 fold. + +In previous crashes. It were generally the middle/upper class with an interest in trading and free time who drove the retail trading sector. A small portion comparatively to the institutional side. When a crash occurred, the losing institutions and those already-well off traders would represent a depression. + +Now, its nearly everyone. When the next crash occurs, it will produce homeless bartenders and below-broke college kids. Mcdonalds employees will wind up in homeless shelters. + +This will be the greatest bubble of all time. +So I divorced about 10 years ago, he kept the home and from what I remember he was supposed to remove my name from the title after that. We’ve remained amicable and I never worried about it. Fast forward to about two years ago when he didn’t change his mortgage draft info when a new company bought his mortgage out and he got behind. I found out because I was served about it. He was able to negotiate adding the missed payments to the end of the mortgage. +My name is still on the Deed? Mortgage? +I’ve always thought it was sweet that he doesn’t really want to remove my name (he’s also a little slack with details) and I think he expects that if he dies, it’ll go back to me. We are 55/60 and not remarried. +Is there something I need to worry about on this? + +*** UPDATE +I looked at the public records and I am still listed after the event of being served and he renegotiated terms. So, I guess I own a house. I don’t mind and want to help him keep the home. It’s my kid’s home after all. I don’t mind being on the hook of it. I moved into my parents home after the divorce and I don’t have any other home/mortgage. I guess I need an attorney. My first thought is taking out life insurance on him so that the debt is covered if he were to die. +My story is not as bad as the questrade one, but this is a heads-up for anyone who uses Firstrade's level 3 margin account. + +I never go into margins due to my low risk appetite, and I generally own various stocks and sell cash secured put options. On May 1st, I received a notification saying that one of the 4 BA cash secured puts was bought to close with a loss. I was baffled since I did not recall making an order, and I have enough cash to buy the stocks so it couldn't have been the system forcing me to close. After waiting in line for 2 hours to get the customer service person on the phone (yep, that's the standard for Firstrade), I was informed that Firstrade's system sold my position but they are not sure why, they need to "clear things up" with the clearing firm, and that I should apply for level 4 margin account to prevent the same thing from happening again. After losing their client's money due to a mistake, Firstrade's response is essentially "increase your risk appetite to prevent losing more money". + +I asked for a follow-up and waited for two weeks with no news, so I eventually called and asked for the manager. After speaking to several clueless reps and being put on hold for several 30-minute chunks, I finally got to speak to the head of Firstrade's trading desk, who proceeded to repeat the same gibberish about how they are not sure what happened, they will take more time to investigate it if I want, and I should either downgrade the margin account to level 2 which does not allow verticals or upgrade it to level 4. As to the prospect of getting compensated for the loss incurred by Firstrade's "not-sure-how-it-happened" mistake? That they are sure is not gonna to happen. + +In the end I lost 80 from the puts and 400 from the opportunity cost, but this experience indicated to me that **Firstrade is not a trust-worthy broker and could potentially lose their clients lots of money while having "no idea how it happened"**. I currently have my play money with them but will move it somewhere else once I close my positions. + +Tldy: Firstrade closed my cash-secured puts without my permission, refused to compensate me for the loss, and pushed me to apply for higher level margin account as their "solution". +https://www.cnbc.com/2019/11/05/some-robinhood-users-were-able-to-trade-with-unlimited-borrowed-money.html + +Front page of Bloomberg AND CNBC. CTN is famous now, too bad he is too retarded to turn his newfound fame into cash and dig himself out of his $50,000 worth of debt. + +This is good for Robinhood they are getting free press for their limited time offer of unlimited leverage! Every autist from New York to California are going to go balls deep in leverage +>A person with knowledge of the matter who declined to be named said that the exposure was backed by collateral of shares in Zee Entertainment and Dish TV. He added that the collateral was greater than the amount owed to the fund house but the fund manager would exercise the collateral as per his discretion. He added that the specific paper held by Franklin was not downgraded but the AMC had proactively taken the measure. Franklin Templeton amended its schemes to allow for side pocketing on November 22th. However due to the mandatory 1 month exit-load free period that has to be given to investors, side pocketing cannot be carried out against the Essel paper. + +I didn't get why they are not using side-pocketing and going straight to write down? Also why are they not selling/using the collateral shares. Also why is only 50% written down. Is this money permanently gone? + +[Tata fund which I held was also in similar situation when DHFL collapsed in June. They also were in the middle of this free exit load period when DHFL collapsed. However, DHFL is now part of side-pocket.](https://www.thehindubusinessline.com/markets/stock-markets/tata-mutual-to-side-pocket-dhfl-investment-more-fund-houses-to-follow/article27582857.ece) + +I held high regards for Franklin in terms of trust but their actions in this case is not reflecting the investor capital protection. Their so-called proactive measures are hurting investor returns. + +Can someone please explain how this action will benefit investors? + +&#x200B; + +&#x200B; + +[https://www.livemint.com/mutual-fund/mf-news/franklin-templeton-mutual-fund-writes-down-exposure-to-essel-infraprojects-11575618750654.html](https://www.livemint.com/mutual-fund/mf-news/franklin-templeton-mutual-fund-writes-down-exposure-to-essel-infraprojects-11575618750654.html) + +&#x200B; + +&#x200B; + +Edit1: Not sure how Mint calculated the NAV fall but from VR datapoints I see it fell from 22.65 to 22.20. That makes it roughly 2% fall. Is media getting its calcs wrong? +http://pib.nic.in/PressReleaseIframePage.aspx?PRID=1548093 + +>The Government stands fully committed to ensure that needed liquidity is arranged for the IL& FS from the financial system so that no more defaults take place and the infrastructure projects are implemented smoothly. +Thanks to [Smallcase](https://smallcase.zerodha.com/smallcase/SCMO_0006), I got to learn about [Greenblatt's Magic Formula](https://www.stockopedia.com/screens/greenblatts-magic-formula-1/) + +Upon first glance, India seems to be a major outlier for its applicability. + + +I have put in some effort into understanding why, and have come across a few sources: + + +1. [InvestorJi](http://investorji.in/magic-formula-test-indian-stocks.html) \- Didn't quite explain WHY the metric Greenblatt uses is relevant or not relevant to India +2. [Quora](https://www.quora.com/How-effective-is-Greenblatts-magic-formula-on-Indian-stocks) \- I'm always mildly surprised/shocked when a good answer shows up on Quora especially on India-relevant topics. This one contains extrapolation as well as some reasoning behind the Smallcase's logic. But it still does not go into why India was as divergent as it was, and what underlying reasons are there to the formula's validity. The one dissenting answer was a little confusing, so maybe I need an ELI5 if someone can oblige. +3. [ET](https://economictimes.indiatimes.com/wealth/invest/how-to-pick-value-stocks-using-a-magic-formula/articleshow/55768796.cms) \- Boilerplate article, with a quote from a fund manager at SBI + + +My requests: + +1. ELI5 on the formula as it applies to India's markets +2. Are there any algorithmic investment principles/formulae whose seed data set was India's historical markets, and were then validated on other economies? +I was looking for a credit card and came across the Dhani Super Saver card which offers 5% cashback on all card transactions both online and offline as well as discounts on prescription drugs which are a good part of my spend nowadays. It looks like a really good deal but I haven't heard of Dhani before. So, if anyone here has used this product, please share your experience with it. Is it legit and what's the customer service like? +Here are the key takeaways from Prashant Jain's talk: +His take on the Budget: + +• Its a no-nonsense Budget + +• Once GST is passed,Budget will become a simple boring affair + +• For first time in 25 years,he was able to leave office by 7-30 pm on Budget Day as there is no major policy changes in the Budget +His take on the Modi Govt: + +• It is a very purposeful and determined Govt + +• The Govt has a few priorities and all its actions can be seen from this framework: +* Reduce the fiscal deficit: This will result in low inflation,low interest rates and more resources for the private sector +* Increase tax revenues: Demonetization and GST leaves a trail that will widen the tax revenues +*Stopping wasteful expenditures: Direct Cash Transfers using Aadhar and Bank Accounts have reduced siphoning off of funds +*Improve service delivery to common man: Every scheme now has an "outcome based" approach instead of "outlay based" approach.For example,outcome of all villages electrified,133 kms/per day of roads,10L ponds under MNREGA etc +*Simplify: Using Technology to simplify processes and doing away with redundant laws, policies and practices +*Environment: Supporting sources of energy like wind,solar etc + +• In the coming years, India will definitely reap the benefits from all the work done by the Govt. His take on Demonetisation: + +* Short term pain for medium and long term good for the people of India +* No impact on this in the next Quarter +* Full effect was not realized due to collusion of Bankers + +His take on the India Growth Story: + +* India is a secular growth story +* It's gowth increases every year irrespective of domestic and global conditions + +The reasons are as follows: +* Demographics +* Change from Joint to Nuclear Families +* Low penetration of products/services +* Faster and shorter product cycles +* Real growth in India can cross 8% in the coming years + +Why some companies are not growing despite GDP growth: + +He gave example of Unilever.Said three reasons why it's sales are stagnant: +* Penetration levels are high.Soaps are there is most households...there are no new customers to be acquired +* Aspirations levels are high.As the consumer's income increases,he is not going to buy more soaps...he will use the money elsewhere +* Competition-As new players like Patanjali come in,they take away market share for existing players as the size of the pie cannot be increased much + +Two Sectors of the Economy Doing Badly: +* Real Estate-There is a tremendous demand for real estate but high prices makes it unaffordable. Suffers from high demand,low affordability syndrome +* Private Capital Expenditure- India does not require a power plant for the next 7/8 years.Private players in infra have been burnt badly + +Macro Indicators of India are excellent: + +Between FY2013 to FY 2016: +• GDP Growth increased from 5.6% to 7.6% +• Fiscal Deficit reduced from 4.9% to 3.9% +• FDI as % of GDP increased from 1.1% to 1.7% +• Current Account Deficit reduced from 4.7% to 1.1% +• CPI reduced from 10.2% to 4.9% +• 10 Year GSec Yield reduced from 8% to 7.5% + +For the first time in the history of India ,FDI is more than CAD. + +His take on the Sensex: +* Sensex is a very simple animal-it is a slave to earnings +* Short term moves are unpredictable +* Long term it has given a return of 15% CAGR in line with growth of economy +* Foreigners understand Indian equity markets better than locals. +* Their shareholding% of BSE 200 Companies has increased every year.In March 2001,it was 12%.By March 2016, it stands at a whopping 25% ! +* Feels Indians should hold equities like they hold gold-for 10-20-50 years + + +His take on market cycles: +* Indian markets operate on the basis of cycles with clear sector leadership +* Between 1995-2000,IT was the Sector leader.Infosys's PE went from 15 to 300 ! +* Between 2000-2008,Capex.Banking and Commodities were the Sector Leaders. Jaiprakash Industries and Unilever India had the same market cap ! +* Between 2008-16, Pharma and Consumer were the Sector Leaders +* When one sector takes leadership,all the money goes there and the rest of the markets become very undervalued + +Now the time is ripe for beginning of a new market cycle. This new market cycle is characterised by: +* Low inflation +* Falling interest rates +* Rising Capex +* Peaking NPAs + +The sector leaders for this cycle would be Corporate Banking,Metals & Mining and Industrials. His take on the Stock Market: +* The Stock Market is very undervalued. +* The Marketcap to GDP ratio is the lowest in 10 years + +His take on various Sectors: + +* Corporate Banks-Bullish-NPAs are peaking,Banks are able to recover (e.g. Essar Oil).Makes an interesting point "Don't confuse NPAs with losses. NPAs are an accounting entry,Loss is permanent erosion of Capital." +* Metals-Bullish-Feels cycle is turning.Both Tata Steel and JSW Steel have announced fresh capex plans +* FMCG-Bearish-Feels low inflation environment does not favor them.Also,they are expensive +* Pharma-Bearish-Feels they are expensive +* Two Wheelers-Bearish-Feels their penetration is v high.Already 50% of Indian households own a two wheeler +* Auto-Bullish-Increasing incomes,increasing aspiration and low penetration +* Telecom-Confused-Not sure how new entrants will further act.Not possible to get multi-baggers from here +* IT-Confused-Not sure how this sector will play out considering various headwinds +* Insurance-Bearish.Three reasons: Expensive valuations, GST may increase tax rates for insurers, India is not under-penetrated as far as insurance is concerned +* Consumer/Lingerie-Bearish-Says super expensive trading at peak valuations + +All in all, a great & candid talk by one of India's most respected fund managers. + +This topic may interest only some - those who seek out fee-only financial planners. SEBI regulates advisors under the Invesment Advisors (2013) rules. On Jan 15th 2020, SEBI released a “Consultation Paper on Review of Regulatory Framework for Investment Advisers (IA)” . *Some of the changes can hurt individual fee-only planners and make their services more expensive.* My critique of the paper, with some philosophy thrown in, is published here: [https://www.morningstar.in/posts/56463/sebis-proposal-fixed-fee-model-rias-needs-flexible.aspx](https://www.morningstar.in/posts/56463/sebis-proposal-fixed-fee-model-rias-needs-flexible.aspx) + +If you want to provide feedback to SEBI, please follow the recommendations in this (strongly worded) freefincal article: [https://freefincal.com/sebi-fee-only-advisory/](https://freefincal.com/sebi-fee-only-advisory/) + + The paper is here: [https://www.sebi.gov.in/reports-and-statistics/reports/jan-2020/consultation-paper-on-review-of-regulatory-framework-for-investment-advisers-ia-\_45685.html?fbclid=IwAR0TQ1VeVcMMDfwjEPUb7xTKiKqGo7bNof35daGA38-hGNcxkhEWQ0dgI0M](https://www.sebi.gov.in/reports-and-statistics/reports/jan-2020/consultation-paper-on-review-of-regulatory-framework-for-investment-advisers-ia-_45685.html?fbclid=IwAR0TQ1VeVcMMDfwjEPUb7xTKiKqGo7bNof35daGA38-hGNcxkhEWQ0dgI0M) +Hi. +I have read many posts here where people say the nifty is expensive basis PE and future returns will probably be low. + +But this blog says otherwise + + +https://www.capitalmind.in/2020/03/charts-the-p-e-of-the-nifty-50-is-close-to-a-five-year-low/ + +Given the fact that I have moved to an index based portfolio, this is encouraging if true. + + Is the nifty still expensive as per your calculations? If yes, why does this blog say otherwise? +Hi Everyone, I started stock market trading two months ago and I want to share my mistakes so far. + +(1) I should have gone for discount brokerages. Fuck ICICIDirect. It may be more convenient, but the amount of money they eat in brokerage is alone a factor big enough to screw them all together. After my net loss of Rs. 15,000 in the markets in past 2 months, I've paid them around Rs. 5000 in comissions and would need to pay them another Rs. 3000 in comission to exit. So net loss as of right now from ( bank to bank ) = 15000 + 5000 + 3000 = 23000, Not worth it, at all! Refrain from such brokers when much better options are available. I submitted my application three days ago to Zerodha, hoping to get account soon. + +2.) Never HURRY while buying a share. It's easier said than done. After making some profit I was foolish enough to hurry while buying DeltaCorp, I didn't even take time to read it's chart carefully. It has always been averaging around 80-90 still I did foolish mistake to buy it at it's all time high at 180, and then had to sell it off for 120 within a matter of weeks. It was dumb, foolish, ignorant. I'm never doing it again. No matter how high you feel, NEVER LET YOUR EMOTIONS get into this game. + +3.) If you see no movements in chart for a day, KNOW that either nobody's buying or nobody's selling. Period. This is for the newbies. Understand how markets work before getting hands dirty. If there's a negative news and you see flat charts, probably a big drop is coming your way next day, it's better to schedule a sell at such point ( Experts, please correct me If I'm wrong) + + +Been browsing historic prices of Gold in INR and USD, and see this interesting trend with them. USD prices saw some kind of fluctuations, that went down by 42% between 2012 and 2016, and then came back to the highs in 2020. + +INR price - [https://imgur.com/GqWdCCZ](https://imgur.com/GqWdCCZ)USD price - [https://imgur.com/7jCwvpK](https://imgur.com/7jCwvpK) + +INR Prices pretty much are trending upwards. It does not make sense to me including USD getting stronger against INR. Between 2012-16, INR weakened by \~20% against USD, gold price lowered only \~10% in INR while it was easily 70% or more in USD. + +I always thought gold is an international commodity and prices and consistent across the world. Does domestic factors effect the price as well. +How will it affect IT companies who offers most buy backs? It seems govt wants to discourage buy backs. Seems like double taxation according to this article. + +https://m.economictimes.com/markets/stocks/news/sitharamans-new-tax-may-make-share-buyback-a-thing-of-the-past-and-how/articleshow/70112882.cms +Please check the entire performance graph of [HDFC Liquid Growth Direct Plan](https://kuvera.in/explore/hdfc-liquid-growth--LFGT-GR) and [Edelweiss Liquid Growth Direct Plan](https://kuvera.in/explore/edelweiss-liquid-growth--EDILD1-GR). For HDFC, the NAV skyrocketed during August 2015. For Edelweiss, the NAV drastically increased during June 2017. The NAVs multiplied almost 100-fold in the matter of days. Is there any specific reason as to why something like this would happen ? +Should one invest Rs. 50,000 ever year for additional tax deduction of 80CCD1(B)? I see it, even if one gets 1.5% less return than equity funds, one will be better off if he is 30% slab. + +- Rs. 50,000 invested monthly becomes Rs. 11.4 Crore in a period of 30 years at 10% p.a. +- Rs. 34,400 invested monthly becomes Rs. 10.87 Crore in a period of 30 years at 11.5% p.a. + +Used [clear tax calculator](https://cleartax.in/save/sip-calculator#result) for it. + +This post has a lot of assumptions: +- Why should one choose only 1.5% as difference. +- The asset allocation chosen will make changes here. +- The effect of rate difference will reduce as we reduce the time period. I used 30 years as it applies to me. + +Note: Liquidity is not a concern. Govt interference can be an issue but let us avoid that discussion here. +Please check the entire performance graph of [HDFC Liquid Growth Direct Plan](https://kuvera.in/explore/hdfc-liquid-growth--LFGT-GR) and [Edelweiss Liquid Growth Direct Plan](https://kuvera.in/explore/edelweiss-liquid-growth--EDILD1-GR). For HDFC, the NAV skyrocketed during August 2015. For Edelweiss, the NAV drastically increased during June 2017. The NAVs multiplied almost 100-fold in the matter of days. Is there any specific reason as to why something like this would happen ? +Should one invest Rs. 50,000 ever year for additional tax deduction of 80CCD1(B)? I see it, even if one gets 1.5% less return than equity funds, one will be better off if he is 30% slab. + +- Rs. 50,000 invested monthly becomes Rs. 11.4 Crore in a period of 30 years at 10% p.a. +- Rs. 34,400 invested monthly becomes Rs. 10.87 Crore in a period of 30 years at 11.5% p.a. + +Used [clear tax calculator](https://cleartax.in/save/sip-calculator#result) for it. + +This post has a lot of assumptions: +- Why should one choose only 1.5% as difference. +- The asset allocation chosen will make changes here. +- The effect of rate difference will reduce as we reduce the time period. I used 30 years as it applies to me. + +Note: Liquidity is not a concern. Govt interference can be an issue but let us avoid that discussion here. +I have applied for health insurance for a family member but it has been denied by the company due to PED. + +I have taken the policy via Policybazaar EMI. + +Charges in my credit card statement shows + +Policybazaar - 49451 +Principal amt amortisation - 2467 +Interest amt amortisation - 618 +IGST CI - 111 +IGST CI - 36 +Processing fee - 199 +Instant EMI conversion + 49451 + +Now I don't expect to get the processing fee of rs 199 returned. (I was not informed about this charge from policybazaar, but as I got a no-cost-EMI... total interest amount discounted upfront like what amazon does, the 200 rs charge was worth my convenience). + +All the charges above has been done within 6-8 August. I've been denied insurance today 21 August and they said money will be refunded within 7-10 days. + +1. Will I get the interest amount 618 back? + +2. Will I get gst amount 147 back? + +Do I have to call and cancel EMI separately or it'll happen automatically and my credit card block will be opened for the whole amount? + + +Edit: also if you people know of any HI plans which cover elderly (58y) person with history of cancer completely cured 6 yrs back and no recurrence documented regularly, please let me know. +40% of all USD in circulation were printed in last 12 months. Productivity is still very low. Many industries and businesses are broken to their core. They won't be recovering anytime soon. + +Knowing the impact of USD on global economy, my small economic mind tells me hyperinflation is coming in next 2-3 years when all that inflation drips down from stocks/fixed assets to vada pav. + +What are your plans to fight this inflation? + +Are you people planning to short currency? + [https://www.livemint.com/mutual-fund/mf-news/why-it-s-a-myth-to-say-that-equity-is-safe-in-long-term-1562653481120.html](https://www.livemint.com/mutual-fund/mf-news/why-it-s-a-myth-to-say-that-equity-is-safe-in-long-term-1562653481120.html) + +&#x200B; + +Read this, and as someone who has recently started putting in my savings as SIP into Nifty 50, and plan to do so for the next 15-20 years for my retirement savings, this is giving me some worry. + +Thoughts? +[https://www.financialexpress.com/industry/investors-body-claims-over-10-mfs-may-go-franklin-templeton-way-causing-rs-15-lakh-cr-loss/2182725/lite/](https://www.financialexpress.com/industry/investors-body-claims-over-10-mfs-may-go-franklin-templeton-way-causing-rs-15-lakh-cr-loss/2182725/lite/) + +I feel that a withdrawal frenzy can only cause this. +Hi Everyone, I started stock market trading two months ago and I want to share my mistakes so far. + +(1) I should have gone for discount brokerages. Fuck ICICIDirect. It may be more convenient, but the amount of money they eat in brokerage is alone a factor big enough to screw them all together. After my net loss of Rs. 15,000 in the markets in past 2 months, I've paid them around Rs. 5000 in comissions and would need to pay them another Rs. 3000 in comission to exit. So net loss as of right now from ( bank to bank ) = 15000 + 5000 + 3000 = 23000, Not worth it, at all! Refrain from such brokers when much better options are available. I submitted my application three days ago to Zerodha, hoping to get account soon. + +2.) Never HURRY while buying a share. It's easier said than done. After making some profit I was foolish enough to hurry while buying DeltaCorp, I didn't even take time to read it's chart carefully. It has always been averaging around 80-90 still I did foolish mistake to buy it at it's all time high at 180, and then had to sell it off for 120 within a matter of weeks. It was dumb, foolish, ignorant. I'm never doing it again. No matter how high you feel, NEVER LET YOUR EMOTIONS get into this game. + +3.) If you see no movements in chart for a day, KNOW that either nobody's buying or nobody's selling. Period. This is for the newbies. Understand how markets work before getting hands dirty. If there's a negative news and you see flat charts, probably a big drop is coming your way next day, it's better to schedule a sell at such point ( Experts, please correct me If I'm wrong) + + +Basically I was reading following article and I found its really hard to understand. + +[https://www.cfr.org/blog/what-would-happen-if-china-started-selling-its-treasury-portfolio](https://www.cfr.org/blog/what-would-happen-if-china-started-selling-its-treasury-portfolio) + +My simple query is I need money in Feb-2019 and I do have few USD(1000) with me. Should I sell it or wait till Feb? +Pardon the cheeky title, but do you ever worry if your portfolio is getting too Franklin-heavy? In theory, this question could apply to any AMC, but Franklin seems to be a top recommendation across many different segments. + +For instance, in the UST Debt space, Franklin is gospel. +Liquid fund? Franklin Liquid is a trusted name. +Generally in the debt space, Franklin is king. +Mid-Cap? Franklin Prima is the way to go. +Small-Cap? Franklin Smaller Companies is an oft recommended name. +ELSS? Franklin Tax Shield has a fervent following. +International Equity? Franklin US Feeder is your friend. + +Is there such a thing as AMC risk? Does it ever make sense from a risk-mitigation standpoint to go for a fund from a different AMC even though your first choice has a better track record, processes and managers (perhaps because you are already invested in 3-4 funds from that AMC)? +As far as I know, nobody has gone through every stock that halted between Jan 27 and Jan 29 of last year to determine if they may have been related to us or not. I won't be drawing too many conclusions here, there are a lot of companies to look at I am just looking for companies that had a massive spike and then drop at the same time as we did. I am trying to get eyes on this data. Maybe someone with more wrinkles can draw some conclusions. + +TL:DR + +* Looked at all tickers that had LULD trading halts between Jan 27 and Jan 29 2021 +* May have found some other stocks in the basket, needs more eyes to confirm + +I decided to download the NYSY LULD trading halts data for the last 2.5 years to see what I could determine about other stocks that may also be shorted by the same SHFs as GME. [Anyone can download a CSV with this data directly from the NYSE](https://www.nyse.com/trade-halt-historical). + +Here is what I found + +* Gamestop had at least one trading halt every day between Jan 22 and Feb 2 +* There were 31 trading halts across the entire market on Jan 22, 37 on Jan 25, 31 on Jan 26, 117 on Jan 27, 172 on Jan 28, 99 on Jan 29, 44 on Feb 1, and 14 on Feb 2 +* Gamestop was the only stock that had a halt on the 27, 28, or 29 that had a halt every day between the 22nd and the 2nd, headphone was the runner up with only the 22nd missing, however headphone actually had more halts than GME during the 8 days that GME was halting +* I found 29 companies that seem to have halts and similar behavior to GME in late Jan 2021. These companies are the following: AeroCentry Corp, Popcorn, Amesite, Armata Pharmaceuticals, Bed Bath and Beyond, Build-A-Bear, Cel-Sci, Dilliards, Discovery, Drive Shack, Elys Game Technology, Express, National Beverage, Fossil Group, New Concept Energy, Iron Mountain, JanOne, Lianluo Smart, Naked Brand Group, Nokia, Siebert Financial, Sirius XM, Sundial Growers, Tootsie Roll, Universal Security Instruments, ViacomCBS, Vir biotechnology) + +Below are two charts that help to show the halts during the sneeze. The first chart compares the total market halts to the total possibly linked halts, I Included us and headphones since we had the most individual halts of all the tickers that halted. The second chart breaks down all the tickers that I thought seemed to be linked. + +[Total market halts, compared to total possibly linked halts](https://preview.redd.it/zeqfhkejvr591.png?width=3133&format=png&auto=webp&s=4fe73252f9847436d43c4eb05894e2b1f93b412b) + +&#x200B; + +[All possibly linked halts broken down by ticker](https://preview.redd.it/h9dbfpckvr591.png?width=3133&format=png&auto=webp&s=76d0b7270b11f19472f121849c62b4fd0daa2962) + +Now I am going to go through every stock that halted around GME and see if they appear related. I will bold the ones that I think might be worth looking into. + +* **A-C-Y (AeroCentry Corp), ticker has since changed to M-T-M-T (Mega Matrix Corp). There is a very clear spike and drop around the sneeze, and the volatility seems higher after then before. Company has expanded into Metaverse and GameFi, so probably related. Had 10 halts on 28, and 2 on 29.** +* A-H-C (A.H Belo Corporation). Newspaper publishing company, only had a single halt on the 27th and doesn't match behavior, probably unrelated. +* A-M-A-L (Amalgamated Bank Class A), it's a bank, not related. +* **Popcorn. We already know this tends to move with GME, not much more that needs to be added. Only Halted between 27 and 29, 6-13-1 respectively.** +* **A-M-S-T (Amesite) tech/software company. Relatively new, only listed in September of 2020, but it had big spikes in Jan and June interestingly, both of these were slightly delayed compared to GME. The Jan spike happened on the 29th, and the June Spike happened on the 10th, which was the same day we went from 282 to 220.39.** +* A-M-W-L (American Well Corporation). Telehealth company, was also listed in September of 2020. Was still pretty volatile, so probably not related. 2 halts on 27th, none on 28 or 29. +* A-N-D-A-U (Andina Aquisition Corp.), now listed as S-N-A-X (Stryve Foods, Inc.) Seems to be a company with the sole purpose of merging with other companies, does not seem at all related. Only halted once on the 29th. +* **A-R-M-P (Armata Pharmaceuticals, Inc.). Biotech company, has the signature spike on the 28th and higher volatility since, but no spikes in March or June. 6 halts on the 28th adds to the argument that it is related.** +* **B-B-B-Y, we already know this related, Papa Cohen has bought in this year. 1 Halt on the 27th.** +* **B-B-W (Build-A-Bear Workshop, Inc.) stuffed animal store located in a bunch of american malls. Spiked on the 27th with one halt on the way up, dropped back on the 28th with 3 halts on the way down. Did not move with the rest of the more traditional short basket stocks after January. But definitely seems likely to be related** +* B-R-P-A/B-R-P-A-U (Big Rock Partners Acquisition Corp). Special Purpose Acquisition Company, trying to buy senior housing. Was volatile starting December 10 2020, and remained that way until delisted in May 2021, probably completely unrelated. 3 halts between the two separate securities on the 28th and 29th. +* C-A-C-C (Credit Acceptance Corp.). Auto finance company. Movement doesn't match the 28th spike, probably unrelated. 1 Halt on 27th. +* C-A-N-G (Cango Inc.). Chinese company dealing in auto transactions. Doesn't match and has several spikes significantly prior to Jan. Unrelated. 1 halt on 28th, 2 on 29th. +* C-G-I-X (Cancer Genetics) biotech company that was about to merge, doesn't match, 1 halt on 27th. +* C-G-R-O-U (Collective Growth Corporation Unit). Seems to be another Special Purpose Acquisition Company, has now been delisted and is trading OTC. Unrelated again. 1 halt on 28th. +* C-R-K-N (Crown Electrokinetics Corp.). Was listed in Jan 2021, early listing volatility was the reason for the halt. Unrelated again. 2 halts on 28th. +* C-V-L-B (Conversion Labs, Inc.). Changed tickers in February, unrelated to shorts. 1 halt on 28th. +* **C-V-M (Cel-Sci Corporation). Large spike on 27th, then large drop on 28th had 9 halts on 27th, and 1 on 28th. Could be related, but not completely clear.** +* C-V-R (Chicago Rivet & Machine Co.). Manufacturing company. Had a very volatile 28th, but probably not related, has had several very volatile days since. 3 trading halts on 28th. +* **D-D-S (Dilliards Inc.). Clothing retailer, spiked a bit earlier than GME, may not be related. 1 halt on the 27th.** +* **D-I-S-C-B (Discovery class B.). We know this was in Archagos' portfolio since it is one of the stocks that cratered when they got the call from Marge. Has since been delisted. 1 Trading halt on the 27th** +* **D-S.P-R-D (Drive Shack Inc.). Golf supply company. Had spikes in Jan and March that line up. 1 halt on 27th. Not entirely convinced, stock seems to be pretty volatile outside of the Jan sneeze.** +* D-T-S-S (Datasea Inc.). Listed in January, normal post listing volatility, not related. 1 halt on 27th. +* E-D-R-Y (EuroDry Ltd.). Listed in January, normal post listing volatility, not related. 1 halt on 29th. +* **E-L-Y-S ( Elys Game Technology, Corp.). Very volatile around period in question so can't determine for certain, but Ortex has multiple articles about short interest so it may be related. 1 halt on 28th.** +* E-R-I-C (Ericsson American Depositary). German telecom company listing on NYSE. I tend not to suspect that foreign companies are related but there is some definite odd behavior on the 27th. 1 halt on the 27th. +* **E-X-P-R (Express Inc.). American fashion retailer. Large volatility spike and then drop in the correct period of Jan. and also on June 2. 13 halts on 27th, 10 halts on 28th, and 1 on 29th. Almost definitely related.** +* E-Z-G-O Chinese transportation company, listed in Jan, been on steady decline since. Not related. +* **F-I-Z-Z (National Beverage Corp.). What they do is in the name, definitely have a spike and drop in the correct location. 1 halt on 27th.** +* **F-O-S-L (Fossil Group Inc.). Another fashion company with a spike and drop in the correct location. 1 halt on 27th and 1 halt on 29th.** +* F-U-E biofuel index. Not even considering +* F-W-P (Forward Pharma). Danish biotech company listing on NYSE. Not related. +* **G-B-R (New Concept Energy). Oil and gas company out of Texas. I wouldn't expect this to be related but it went from $2.30 to $30.99 and closed at $25 on the 28th before gapping down and closing at $11 on the 29th. Chart behavior seems to match but it doesn't make much sense. 1 halt on 28th, 3 on 29th.** +* ***GME (our favorite company). Is GME related to GME? Not completely sure... /s. 3 halts on 22nd, 9 on 25th, 5 on 26th, 3 on 27th, 19 on 28th, 1 on 29th, 1 on 1st, and 5 on 2nd.*** +* G-N-R-S-U (Greenrose Acquisition Corp.). Another holding company, not related +* H-M-C-O (HumanCo Acquisition Corp.). The holding companies keep coming, this one totally isn't run by a robot... volatility was from it being listed on the 29th. +* I-C-C-C (Immucell Corp.). Spiked on the 29th, and didn't drop nearly as much as the others, probably something announced by the company and probably unrelated, 3 halts on 29th. micro cap, low liquidity +* I-D-X-G (Interpace Biosciences, Inc.). Behavior doesn't match, micro cap company, low liquidity. +* I-M-T-E (Integrated Media Technology). Behavior doesn't match, Australian micro cap company. +* I-N-B-X (Inhibrx Inc.). Listed in Sep. 2020, was volatile prior to sneeze. Doesn't seem related +* **I-R-M (Iron Mountan Inc.). Data storage company, spiked from 25th to 27th, dropped back sharply on 28th. Could be related. 1 halt on Jan 27.** +* I-R-T-C (iRythim Technologies, Inc.). digital healthcare company Extremely volatile prior to sneeze, halt was actually a massive drop from 252 to 168 on the 29th. Probably unrelated but I am starting to see a lot of biotech companies on this list. 1 halt on 29th. +* I-Z-E-A (IZEA worldwide Inc.). Micro cap media marketing company. Started a run in Jan, doesn't seem related. 1 halt on 27th. +* **J-A-N (JanOne Inc.). Biotech company working on pain relief, massive spike on 27th and 28th before dropping back on 29th. Definitely seems related. 4 halts on 27th, 18 halts on 28th.** +* J-R-S-H (Jerash Holdings). Holding company for clothing, spiked on 29th, but not enough to make me think it was more than a fluke. 1 halt on 29th. +* J-U-P-W (Jupiter Wellness Inc.). Listed in October 2020, was still very volatile, probably unrelated. 1 halt on 29th. +* K-B-S-F (KBS Fashion Group Ltd.). Now listed as L-L-L (JX Luxventure Ltd.). Chinese luxury clothing company, does not match the pattern and isn't an american company so probably unrelated. 1 halt on 27th, 2 on 29th. +* K-E-R-N (Akerna Corp.). Weed stock, had a very volatile entire month, probably not related. 1 halt on 29th. +* K-I-N (Kindred Biosciences). Another Biotech company, was bought out a few months after the sneeze, was probably already in process and the spike doesn't match. 2 halts on 28th. +* **K-O-S-S (Headphone stock). We have long suspected a connection here, this stock actually had significantly more halts than we did over the period between the 22nd and the 2nd. It didn't halt on the 22nd, but did halt every day between the 25th and the 2nd. 4 halts on 25th, 2 halts on 26th, 26 halts on 27th, 21 halts on 28th, 11 halts on 29th, 2 halts on 1st, 2 halts on 2nd.** +* K-S-P-N (Kaspien Holdings Inc.). Ecommerce software company, micro cap. Had a larger spike on the 20th before another rise on the 28th, probably not related. +* K-S-U.P-R (Kansas City Southern). Has since merged and been delisted. Doesn't seem related. 1 halt on 28th. +* L-G-H-L (Lion Group Holding Ltd.). American listing of Hong Kong company, foreign company and doesn't match the pattern. +* **L-L-I-T (Lianluo Smart Ltd.). Biotech company was merged with Newegg, now listed as N-E-G-G. Doesn't seem related, the movement could have been related to the upcoming merger, but it did halt 16 times on the 28th and 1 more time on the 29th. Which could warrant further investigation.** +* M-A-R-P-S (Marine Petrolium Trust). It's a petroleum company associated with a bank, probably unrelated. 2 halts on 28th, 1 on 29th. +* M-D-L-Y (Medley Management Inc.) now listed as M-D-L-M. Financial institution, not completely sure what they did. Does have a spike in Jan, but had much larger spikes before that and is now basically delisted. 4 halts on 27th +* M-G-Y-R (Magyar Bancorp, Inc.). It's a bank, stock has very low volume, probably not related 1 halt on 28th. +* M-T-R (Mesa Royalty Trust). It's a trust, and it doesn't seem related. 1 halt on 28th. +* M-X-C (Mexco Energy Corp.). Oil company out of Texas. Doesn't seem related. 2 halts on 28th. +* **N-A-K-D (Naked Brand Group Ltd.). Has since merged with an EV manufacturer but kept the ticker. This was one of the stocks that had the buy button turned off, so we know it was related. 4 halts on 27th, 2 on 28th.** +* N-C-T-Y (The 9 Ltd.) Chinese game operator for WoW. Doesn't seem related from the chart. 1 halt on 28th. +* N-E-W-A (Newater Technology Inc.). Chinese water company. Doesn't seem related 4 halts on 28th. +* N-L-S-P (NLS Pharmaceutics Ltd.). Swiss biotech company. Was listed Jan 29, not related. 1 halt on 29th. +* N-M (Navios Maritime Holdings Inc.). shipping company, was starting a 3 month run, doesn't seem related. 2 halts on 29th. +* **N-O-K (Nokia). Buy button was turned off, definitely related, 5 halts on 27th.** +* N-P-A-U-U (New Providence Acquisition Corp.). Holding company, not related. 1 halt on 29th. +* N-T-N (NTN Buzztime Inc.). Had a merge in March, doesn't match behavior. 1 halt on 27th, 4 on 28th. +* N-U-Z-E (NuZee, Inc.). Korean company, probably not related, 1 halt on 29th. +* O-P-H-C (OptimumBank Holdings, Inc.). It's a bank and the pattern doesn't match, 1 halt on the 29th. +* P-B-L-A (Panbela Therapeutics, Inc.). Micro cap stock, very low volume, pattern doesn't match, probably unrelated. 1 halt on 27th. +* P-Z-G (Paramount Gold Nevada Corp.). Gold mining company. Pattern doesn't match, 1 halt on 29th. +* R-H-E (Regional Health Properties). Skilled Nursing company. Had spike in December 2020 and May 2021, doesn't seem related. 2 halts on 27th, 4 halts on 29th. +* **S-I-E-B (Siebert Financial Corp.) it is a holding corp for brokerages. Definitely matches the pattern, but could be a result of the sneeze and not directly linked to the shorts. 7 halts on the 29th.** +* S-I-N-O (Sino-Global Shipping America Ltd.) seems to be a Chinese shipping company, can't find the ticker anymore, probably not related though. 2 halts on 28th and 2 on 29th. +* **S-I-R-I (Sirius XM Holdings). Satellite radio company, spike matches, and company portfolio matches, probably related. 1 halt on 27th.** +* **S-N-D-L (Sundial Growers Inc.). Weed company, had a lot of chatter around the sneeze, probably related 3 halts on 28th.** +* S-R-A-C-U (Stable Road Acquisition Corp.). Value investing firm, has since been delisted. Pattern doesn't match. 1 halt on 29th. +* S-T-R-R (Star Equity Holdings Inc.). Another Holding Company, pattern doesn't match. 1 halt on 29th. +* S-V-F-A (SVF Investment Corp.) Listed at the beginning of Jan, just post listing volatility. +* T-D-A-C-U (Trident Acquisitions Corp.). Another merger company, has since merged. Very Volatile and pattern doesn't match. 1 halt on 28th. +* T-G-C (Tengasco Inc.) energy company, had merger in February, unrelated. 2 halts on 29th. +* T-H-M-O (ThermoGenesis Holdings, Inc.). Cellular Biotech Company. Pattern doesn't match, probably unrelated 1 halt on 29th. +* T-I-R-X (TIAN Ruixiang Holdings Ltd.). Chinese company listed in Jan, just post listing volatility. 5 halts on 27th, 7 on 28th, 3 on 29th. +* **T-R (Tootsie Roll Industries, Inc.). Yep, it spiked and dropped, almost definitely related. Also RC tweeted about them. 1 halt on 27th.** +* T-R-I-B (Trinity Biotech). Biotech company, doesn't match pattern probably not related. 1 halt on 29th. +* **T-R-X (Tanzanian Gold Corporation). Canadian gold mining company, was going to write it off, but the spike fits and then it bounced in early Feb again. 7 halts on the 29th.** +* T-S-Q (Townsquare Media Inc.). Media Corp. Gapped up during the sneeze, but doesn't fit the pattern. 1 halt on 29th. +* U-N-A-M (Unico American Corp.). Insurance company, with micro cap and low volume, doesn't match spike pattern. 1 halt on 27th. +* U-S-E-G (US Energy Wyoming). Energy company, has multiple spike then drops far outside of the expected range. 2 halts on 28th. +* **U-U-U (Universal Security Instruments, Inc.). Home protection company. Has spike at end of December before another one during the sneeze that seems to match. 1 halt on 27th, 9 on 29th.** +* V-A-C-Q-U (Vector Acquisition Corp.) some sort of financial company that merged with Rocket Lab (the small sat launch company). 1 halt on the 28th, but for a drop, probably unrelated. +* V-G-A-C/V-G-A-C.U (VG Acquisition Corp.). Genetics holding company, has since merged with 23 and me. Pattern doesn't match. 1 halt on each ticker on the 27th. +* **V-I-A-C/V-I-A-C-A (ViacomCBS Inc.). Was also in Archagos's portfolio. Doesn't really fit the pattern, but again, it was in Bill Hwang's portfolio so who knows. 3 halts on class B, 2 on Class A all on 27th.** +* **V-I-R (Vir Biotechnology, Inc.). Biotech company, has spike in correct place and then drop after, could be related. 2 halts on 27th.** +* W-A-F-U (Wah Fu Education Group Ltd.). Chinese Holding Company, doesn't match and is a chinese holding company so probably unrelated. +* Y-G-M-Z (MingZhu Logistics Holdings Ltd.). Chinese shipping company, founded in late 2020, probably just post listing volatility. +Emailed a local animal rescue and a cat that might be a good part of my household and I saw this is the email that they responded back to? Kind of seemed like a scam to me? + +"This is how your donation works.  You make a 100% tax deductible donation to [Shelter Name]. For $500. + Now at the end of the year you will doing your taxes! RIGHT? You list the Donation on your tax forms. That amount will now be deducted from  what you own on your taxes.  So the pet is free. It’s a win win!" + +I know animals, especially rescues are never cheap, but this seems excessive? Especially for an ordinary house cat? + +Thanks for the advice and reading. + +TLDR: local shelter says their "adoption fee" for a cat is a 500$ donation to them which is 100% tax deductible so in the end the cat is "free". Seems shady to me. +This is a place for options traders to grow and find new methods of trading options that better fit their risk profile and goals. If you’re going to post, “is spy 5/20 690c a good trade” you better post your exact reasoning as to why you chose that ticker at that strike. Fundamentals, technicals, literally any reason. This isn’t WSB. If you’re not posting your exact reason for wanting to make the trade, you’re just looking for confirmation bias. + +Edit: Everyone who says no, have fun not learning how to trade options effectively. I’m happy to keep taking your premium +2-3 months ago if such a pump came,pеople would have shouted *end of bear market* *moon lambo* and so on. Now i see discussions about leveraged shorts, manipulation, scepticism towards the pump and overall constructive thinking. This shows how much the average investor has matured and that the dumb money might have really left. Very proud of this sub and im glad i joined it! +I dont mind paying for a course because if that twaches me how to daytrade then all the money spent will be worth it.does anybody have any advice to give me to where i can first start learning and any good courses to take? +I've seen many people here that are like you gotta learn price action. Some of them are like "i have no indicators at all except volume" they have no moving averages or RSI or MACD or any of that. just a naked chart with volume. + +This is probably because I am still novice at this but it just seems so "mysterious" like some kind of secret code that you have to read and understand. Almost seems like it's just something you grow an intuition for after looking at a chart for a while. It's almost like they somehow "figured out" this "secret code" and can now know how the price will react without any indicators. + +jokingly, this makes me think of scenes where you're looking at those characters in the Matrix movies. to us audiences it looks like jibberish and hieroglyphics but those characters can tell what it's saying. +Hey guys. If you're into NFTs, then I think you need to watch the video below. I'm walking you through the best way to be certain that your flips will deliver. Sniping and flipping without some supporting software really is tough nowadays. + +The first time I've started to learn about NFTs and got into OpenSea, I discovered that there's a sweet spot for getting good snipes. That sweet spot is when the projects just uploaded the meta data. When this happens, everyone discovers what traits their NFT has. This is an exciting moment, but it is also filled with opportunities. For example, someone who just got a super rare might have it listed for sale. It is at this time that you can buy that token if you move fast enough. + +OpenSea takes 30min-1h to update all the data, so in that time, a lot of people do not know what properties they got, even if they are publicly available. Keyword: **publicly available.** + + +I've been working hard to create a tool that sees all these properties before OpenSea updates them, so we can have an advantage when the reveal happens. Tell me what you think! Thanks :D + +[https://www.youtube.com/watch?v=OI0iNlzQrO8](https://www.youtube.com/watch?v=OI0iNlzQrO8) +The problem with blockchain is that everything on it is transparent. + +Sadly for CeIsius this means we can openly look at their wallets and see what they've been up to. + +Here: + +[https://etherscan.io/address/0x87a67e7dc32fdc79853d780c6f516312b4a503b5#tokentxns](https://etherscan.io/address/0x87a67e7dc32fdc79853d780c6f516312b4a503b5#tokentxns) + +About 10 hours ago, CeIsius deposits 12 million DAI in the Maker contract and retrieves 6.7M LINK tokens. + +Fair enough, they are paying off an outstanding debt on Maker. To be expected if they were winding down and retrieving their users' funds for withdrawal. + +But then they send it through a few wallets: + +[https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x41318419cfa25396b47a94896ffa2c77c6434040](https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x41318419cfa25396b47a94896ffa2c77c6434040)[https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x019c4935ff1c4945f046c6784c08a40f1ab632a3](https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x019c4935ff1c4945f046c6784c08a40f1ab632a3)[https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x76a05277b81b9ca6c06c9ab4136116fc53e9c9e1](https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x76a05277b81b9ca6c06c9ab4136116fc53e9c9e1) + +And where is this $40M in Chainlink sent? Surely, back to the CeIsius wallets so the users can withdraw their funds, right? No. + +They sent it to FTX. + +CeIsius has learned nothing. They are not unwinding. **They are speculating with their users' deposits by openly shorting what their own users have deposited with them, on the open market.** + +&#x200B; + +Edit: **Okex** and **Nexo** are doing exactly the same. + +[https://etherscan.io/token/0x0b8f12b1788BFdE65Aa1ca52E3e9F3Ba401be16D#balances](https://etherscan.io/token/0x0b8f12b1788BFdE65Aa1ca52E3e9F3Ba401be16D#balances) + +All the top Aave LINK shorts are funded directly from Okex wallets (Funded in 1 day with much more than user withdrawal limits) + +[https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x9ec9bc7fb027448bb2670c4bd56043ea9dfd2d](https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x9ec9bc7fb027448bb2670c4bd56043ea9dfd2dcc) + +Recent 700k LINK deposit to Binance leading back to NEXO WBTC Merchant Deposit address. There's more deposits to Huobi leading back, again, to NEXO WBTC Deposit address. + +&#x200B; + +Edit2: For those asking more proof, here is Celsius depositing another 1M LINK to FTX the day before a huge dump against ETH. + +[https://etherscan.io/tx/0xc751daa3352a2641fffaea32cfae93bd566074b6b47fa4787d81aba955f8661f](https://etherscan.io/tx/0xc751daa3352a2641fffaea32cfae93bd566074b6b47fa4787d81aba955f8661f) + +Also, perhaps even more telling, after this thread they withdrew all LINK from FTX + +[https://etherscan.io/tx/0x3362dafd405e2382f65da92fcffc8bb3d685e519e4b77401da53d125c8216b8c](https://etherscan.io/tx/0x3362dafd405e2382f65da92fcffc8bb3d685e519e4b77401da53d125c8216b8c) + +Btw, I had to type this entire post as "ceisius" because reddit auto-removed my post when detecting proper spelling of the name. The info I just added is also being actively censored: [https://imgur.com/a/oMXFQ5D](https://imgur.com/a/oMXFQ5D) + +I made a post yesterday outlining the [probability of being in profit based on the number of years invested in the MSCI ACWI](https://www.reddit.com/r/UKPersonalFinance/comments/we6x38/whats_the_minimum_number_of_years_you_should_aim/). + +Anyway, here's the **average return** (with maximum loss/gain) based on the number of years invested in the MSCI World: + + Year 1, Max Loss = -48.4%, Avg Return = 8.4%, Max Gain = 62.4% + Year 2, Max Loss = -49.6%, Avg Return = 17.3%, Max Gain = 127.6% + Year 3, Max Loss = -47.7%, Avg Return = 26.1%, Max Gain = 178.0% + Year 4, Max Loss = -37.0%, Avg Return = 35.8%, Max Gain = 179.0% + Year 5, Max Loss = -29.9%, Avg Return = 47.0%, Max Gain = 276.2% + Year 6, Max Loss = -11.5%, Avg Return = 57.8%, Max Gain = 265.5% + Year 7, Max Loss = -22.0%, Avg Return = 69.5%, Max Gain = 341.8% + Year 8, Max Loss = -34.0%, Avg Return = 83.5%, Max Gain = 321.6% + Year 9, Max Loss = -44.0%, Avg Return = 99.5%, Max Gain = 309.4% + Year 10, Max Loss = -34.2%, Avg Return = 115.5%, Max Gain = 363.3% + Year 11, Max Loss = -26.8%, Avg Return = 133.2%, Max Gain = 388.4% + Year 12, Max Loss = -16.8%, Avg Return = 153.8%, Max Gain = 425.2% + Year 13, Max Loss = -5.8%, Avg Return = 175.2%, Max Gain = 551.9% + Year 14, Max Loss = -0.0%, Avg Return = 196.7%, Max Gain = 543.5% + Year 15, Max Loss = -0.0%, Avg Return = 224.4%, Max Gain = 689.7% + +The results are based on the monthly prices from *Dec 31, 1969* to *Jul 29, 2022*. + +**Where did you get the data from?** + +[https://www.msci.com/end-of-day-data-search](https://www.msci.com/end-of-day-data-search) + +**How did you calculate these results?** + +I wrote a quick script to work out the results for each time period. + +I iterated over every available time period in the data set. I just used the price of the index (and nothing else) to work out the returns. + +I had these results yesterday, but wanted to share them in their own post before I forget about them. + +**What's the MSCI World Index?** + +I believe it's similar to the FTSE Global All Cap, or at least not a million miles away. + +>MSCI World Index only includes stocks of developed markets (think the US, Western Europe, Japan, Canada, Australia, etc) + +I haven't compared them directly though. I couldn't find any historical data to work with for the FTSE Global All Cap, so that's why I'm using data from the MSCI World Index instead. + +So basically I'm hoping this MSCI World Index data is also representative of our favourite FTSE Global All Cap. + +*Note: It also turns out that the MSCI World Index goes back to 1969, but the MSCI ACWI only goes back to 1987.* + +**What do these results mean?** + +A global index tracker historically gets you **8.4%/year**. Not bad. Better than most savings accounts. + +Just be prepared to handle a 50% drop from time to time. +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. + +It was suggested recently that there were quite a few regular posters in the Daily Discussion Thread, and that maybe a good way to foster community would be to have a place where people can introduce themselves and provide a reference to some of the conversations we're having on the Daily. + +So, we're going to try an Introduction Thread. The format is largely up to you, but below will be a suggestion of what to talk about. + +**A note on self-promotion:** If you are a regular poster on this subreddit, you know that directly referencing your own site/blog/videos or whatever is against the rules. *However* in a thread where I expect some more personal information, I think that it would be alright for you to list your work in a description of yourself. However, if you're just going to come on here and post a low-effort 1-liner with your blog link in it, expect it to be removed. + +Shout out to /u/OracleDBA for the suggestion on this thread. + +**Suggested topics** + +* General Greeting: +* What brought you to /r/fi: +* Other hobbies/interests: +* Picture of yourself if you want: + +**Edit:** For people reporting this thread for "Personal and confidential information", be advised that as long as people aren't posting email addresses, physical addresses, or phone numbers directly, this post will still be fine. It is not against the rules of reddit to talk, in general, about yourself, even if there are details discussed. Many of the largest popular subreddits completely ban any and all personal information, but we are not going to do so here. + + +**Index of Users**| | |**Index of Users** +:--|:--|:--|:-- +[/u/bo_knows](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/d9pjbmo/)|[/u/OracleDBA, mang](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/d9pk24n/)|[/u/nmss](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/d9pjskv/)|[/u/Moneycat18](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/d9pjyvb/) 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+[/u/ellsworth92](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/d9zxnqx/)|[/u/B0bL0blawsLawBl0g](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/da1ag8q/)|[/u/newlyentrepreneur](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/dabp5nt/)|[/u/IsThisTheKrustyKrab_](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/daa5gph/) +[/u/retire35](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/dab8lma/)|[/u/oakwood42](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/dabu2iz/)|[/u/2stops](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/dac038w/)|[/u/Zaenille](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/dac0iti/) +[/u/SHINE09](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/dacub00/)|[/u/tbld](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/dadreyc/)|[/u/sabbaticalia](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/daf24sk/)|[/u/Ameshin](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/dags943/) +[/u/User2079](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/dai8q09/)|[/u/fiby40](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/daibfsb/)|[/u/2goldfish](https://www.reddit.com/r/financialindependence/comments/5bmamy/rfi_introduction_thread/daihhuh/) +Hey Ausfinancers! Long time lurker, first-time poster! + +So, I'm seeking some advice as the title suggests... I'm a 32 year old woman currently bunkering down with my parents during Covid-19. I was living with my partner of 5 years but we split up late last year due to career incompatibilities (his decision), then I had to have surgery in January to remove a 10cm tumour from my uterus and a bunch of surprise endometriosis in January this year. After the surgery, I sold off a lot of my assets and I planned to move overseas to restart my life in May and then BOOM global pandemic! It's safe to say that I've completely retired that idea. + +In a way, it's probably a blessing in disguise that I'm not overseas gallivanting around, as I had a checkup with a gynaecologist/fertility specialist and found out that, despite my health and fitness, I have the egg reserves of a 45 year old woman (thanks chronic, hidden endometriosis!) + +This news was incredibly harrowing and hard to bear, but I've bitten the bullet and decided to freeze my eggs because I have never considered the possibility of not having children in my future and if I don't get cracking *right now* my chances to ever conceive will be even worse. + +I have $25k in savings as a result of selling off my assets and starting to save seriously after paying off debts. Luckily, I'm still employed, working for the government in a sector that's not too vulnerable and I earn a decent wage <$100k before tax. I was going to use my savings towards eventually purchasing a 1 bedroom in Melbourne, but now that I have this impending biological doomsday heading my way, I'm reconsidering the feasibility of that plan. + +One round of egg freezing (consultation + hormones + surgery + anaesthesia) costs \~$8k - and given my reserves are low, I'll need probably 3 rounds to give myself a fighting chance of having a baby in the future. That's $24k - everything I have, but it wouldn't be spent all at once and I'd likely have this done over 6-9 months time. + +So Ausfinance, what do you think I should do? Spend all my savings? Or take out a loan, keep my savings and pay the loan off gradually? I was looking at ING as they offer a relatively low interest rate, compared to the loan company associated with the Fertility Clinic (MacCredit which offers 14% interest rate p/a!) A loan would cost more in the long run with interest factored in, but it'd give me the chance to pay this off slowly rather than take the big hit and then need to rebuild all my savings from scratch. It also goes without saying that we're in a recession at the moment and making big financial decisions like this feels a bit scary. I'm not sure what to do and would appreciate your thoughts/experiences. + +&#x200B; + +\-- EDIT -- + +Just wanted to share my thanks to everyone who has left their input, both financial and IVF related. It has really enlightened me to some options I hadn't considered and makes me feel much more empowered than before I made the post. Really helpful community - thank you all! +Following moves by ASIC most of my favourite Australian finance Instagram accounts and bloggers are cleaning up their posts or changing direction completely to more general money saving and budgeting advice. + +I’m not much of a fan of these changes (prefer investing content) and will miss following their investing/portfolio/FIRE progress. I hope they can continue in some way moving forward. +(Note: I made a post similar to this yesterday, which I deleted due to a gratuitous +error. Thanks to /u/thedarknight__ for pointing out the mistake!) + +-------- + +I did some rough calculations, and as a result I'm becoming more convinced that the +forecasts of 10-15% drops in housing prices are pretty reasonable. + +I already leaned towards taking folk like Chris Joye at their word that a 15-25% drop +was reasonable, based on the bloke talking plenty of sense about how he arrived at that +number, and his being a verified non-permabear - previously arguing correctly that +prices would rise during the pandemic. This gives him a lot of credibility in my eyes. +And most banks are making similar projections. My own numbers here are for a somewhat +smaller drop - especially since Joye's forecast is assuming only a 100bp rate increase +and we've already exceeded that. But it's not crazy different. Maybe I'm a tad more +optimistic with the assumptions. + +Anyway. The core fact is that prices are limited by loan serviceability. + +Yearly principal+interest mortgage repayments on an `N`-year loan of size `L` with interest rate `r`, ignoring +intra-year compounding [are](https://en.wikipedia.org/wiki/Mortgage_calculator#Monthly_payment_formula): + +`annual_repayments = r L / (1 - (1 + r)^-N)` + +Assuming annual repayments for which someone meets serviceability requirements are +proportional to income `I`, and assuming loan size is proportional to the price `P`, +substituting `I` and `P` into the above equation and solving for `P` gives us a dumb +model of how prices might vary with income and interest rates: + +`P ∝ I / r × (1 - (1 + r)^-N)` + +The rate `r` in this equation is the rate used for serviceability tests - which would be +3% above the mortgage rate as per APRA requirements. + +Assuming a 30-year loan, that mortgage rates are 2.4% above the cash rate and that peak +prices occurred when the cash rate was 0.1%, we can estimate price drops from peak in +various scenarios. + +Assuming the cash rate increases to 2.85% ([the median +forecast](https://www.reddit.com/r/AusFinance/comments/vquyof/afr_survey_of_economists_on_cash_rate_forecasts/) +of surveyed economists), and that nothing else changes (no income growth), this +oversimplified model says prices would fall by 24% from peak. + +Sounds like a big drop! + +However, some other things likely will change. For one, if that takes two years to play out, +then nominal income growth might be something like 7% (the resulting growth in house +prices won't be real, but we're talking nominal here). Also, it seems likely that APRA +will decrease the serviceability buffer from 3.0% to 2.5% once rates get a bit higher. +They might even decrease it more. + +Take those assumptions into account and you get that prices will fall 15%. + +And, 2.85% is the *peak* cash rate forecast by economists. By end of 2023 the median +forecast is 2.6%, which if fed to the above, gives a price fall of only 13%. + +You can get more optimistic if you like: Rates won't necessarily stay where they are by +end of 2023. The CBA thinks rates will decline to 2.1%. If that happens, then when all +is said and done the drop in house prices would be only 9%. + +So there's a range of scenarios there that I think reinforce the expectation of a drop +of 10-15%. You can be a bit more pessimistic and get it to a 24% drop if you like, but +you have to assume zero nominal wage growth and APRA holding their buffer constant. And +you can get a bit more optimistic and assume the CBA's forecast is on the money and get +it to a 9% drop. All in all 10-15% ends up looking like like a pretty reasonable +central expectation. + +One thing ignored here is that deposits are not a fixed percentage of sale price: when +prices are lower, deposits are more likely to be a larger fraction of the sale price. +This helps serviceability and so will result in somewhat smaller price drops than the above model +says. + +And of course it's a dumb and simple model that ignores everything else that would +affect demand for and supply of housing. It's just talking about the ability to get +credit and even then is super oversimplified. + +Here's a sample of model outputs including the ones mentioned above, and some others: + + Cash rate to 12.0%, all else equal: -60.8% + Cash rate to 3.50%, all else equal: -28.7% + Cash rate to 2.85%, all else equal: -24.3% + Cash rate to 2.60%, all else equal: -22.5% + Cash rate to 2.10%, all else equal: -18.7% + + Cash rate to 12.0%, income +7%: -58.0% + Cash rate to 3.50%, income +7%: -23.7% + Cash rate to 2.85%, income +7%: -19.0% + Cash rate to 2.60%, income +7%: -17.1% + Cash rate to 2.10%, income +7%: -13.0% + + Cash rate to 12.0%, income +7%, APRA buffer to 2.5%: -56.8% + Cash rate to 3.50%, income +7%, APRA buffer to 2.5%: -20.2% + Cash rate to 2.85%, income +7%, APRA buffer to 2.5%: -15.1% + Cash rate to 2.60%, income +7%, APRA buffer to 2.5%: -13.0% + Cash rate to 2.10%, income +7%, APRA buffer to 2.5%: -8.6% +# ["I’m not feeling the love on this site today. Trading is a tough game. Don’t you think?"](https://twitter.com/stevenacohen2/status/1354864321134735360?lang=en) - Steven Cohen January 28th, 2021 + +&#x200B; + +https://preview.redd.it/qtexx9lkg50a1.jpg?width=800&format=pjpg&auto=webp&s=94ea2eb15ed5df77e1d9912af226cb08d5788325 + +November 15, 2022 at 8:26 AM PST + +Steve Cohen’s Point72 Asset Management is considering putting a gate on investor cash to lock up client capital for longer, emulating other big hedge funds. + +The firm is discussing limiting collective client withdrawals to 8.3% per quarter, according to people with knowledge of the matter. Until now, there have been no limits on fund-level redemptions. Point72 had $26 billion under management as of July.    + +A representative for the Stamford, Connecticut-based firm declined to comment. + +Point72 would join other multistrategy hedge funds that have shifted toward longer-term capital in recent years. **It now takes investors five years to pull all their cash from Izzy Englander’s Millennium Management, and four years to fully redeem from Ken Griffin’s Citadel.** + +Stickier capital helps firms invest in technology and infrastructure, as well as recruit and retain talent. And as more hedge funds make the shift, those that don’t risk becoming liquidity sources when investors need cash.  + +If Point72 goes ahead with the fund-level gate, it may impact existing investor-level terms that allow individual clients to redeem 25% of invested cash each quarter. If clients have collectively reached the 8.3% threshold in a quarter, individual investors won’t be pull more funds that period. + +By Hema Parmar + +Sauce: [https://www.bloomberg.com/news/articles/2022-11-15/steve-cohen-s-point72-weighs-putting-a-gate-on-investor-cash](https://www.bloomberg.com/news/articles/2022-11-15/steve-cohen-s-point72-weighs-putting-a-gate-on-investor-cash) + +edit: TL;dr Wut mean? It means Stevie fucked up and he is afraid that his clients will cash out too fast and he has to sell illiquid positions and get rekt even more. Money must be tight over there at Point72? Short much? Let's bury this asshole facka! +Hello you goddamn beautiful ~~people~~ apes, + +u/dan_bren back with the late night special edition. Wanted to provide you all with an update on our situation. A small amount of DEEP ITM calls were bought today. Shown below + +[GME Biggest Trades 4-7-2021](https://preview.redd.it/q03gss03hvr61.jpg?width=1218&format=pjpg&auto=webp&s=3b40b8056e2edb5b57effbb8b17863670e15f565) + +12:47pm 550 $12 calls were bought for 167.95 ($16795) each = $9,237,250 + +12:49pm 550 $12 calls were traded (VERY likely sold) for 168.50 ($16850) each = $9,267,500 + +&#x200B; + +For starters I want to point out that this is an incredibly small amount relative to the DEEP ITM call buying we saw back in early April. + +[GME Biggest Trades 4-4-2021](https://preview.redd.it/3ojrisivivr61.jpg?width=1222&format=pjpg&auto=webp&s=8f8098136582c02bcd221c11a53d99c45d2d3218) + +Take a look at April 4th where nearly 6x the DEEP ITM calls were traded. Many people in the comments ask how we can know that this is always the same people and a few things make this quite clear. For starters these block trades are all coming out of the same PHLX exchange, this is the first indicator. The second indicator is the rarity of the specific option that is being traded. An option that is $160 deep into the money when the price of the stock is only $180 is absurd. This is an option that theoretically would otherwise never be traded. For reference on another \~$200 stock such as Disney you aren't even able to trade anything below the $95 strike price. This can only be them. + +So what about DTC 005 + +This is where it gets a bit confusing. I'm not going to pretend like I entirely understand the inner workings of this but I will continue to research in my free time. A smart ape reached out to me and here was his explanation. + +&#x200B; + +[\\"The Last Hurrah\\"](https://preview.redd.it/wz5675allvr61.jpg?width=647&format=pjpg&auto=webp&s=d08bbd9bb65420faf576e36002f5f583c29fc92a) + +He goes on to say "the DTCC didn't have a notation in their books that showed which shares are the result of rehypothecation. As a result, every share that ran through the system prior to the rule going into effect is non-notated. Therefore, following the letter of the law, the HFs should be able to reset their FTDs one last time. When they reset this time all of those shares will remain in their account and will be notated/unable to be rehypothecated." + +I've got some red crayons calling my name. u/dan_bren out. + +TL;DR: A small amount of DEEP ITM calls were bought today. This could be some of the last attempts by HF's to reset FTD's before the new rule logs and tags the movement of shares. +(I'm copying this post from my post on /r/investing [here](https://www.reddit.com/r/investing/comments/qxjwg0/theres_an_extremely_blatant_astroturfing_effort/) since it seems like I can't cross-post. I want to raise awareness because this subreddit is a target.) + +[This](https://www.reddit.com/r/investing/comments/qxeym8/buying_copper_stocks_now_that_prices_are_taking_a/) post about copper miners just hit the top of /r/investing, and it's a good example of the obvious astroturfing effort that's going on. + +Take a look at this account's [post history](https://www.reddit.com/user/KatheKnuth/submitted/) and you'll see a common pattern: a few karma-farming posts from a couple of months ago that invariably come in subreddits like /r/aww, /r/nextfuckinglevel, /r/MadeMeSmile, /r/funny, etc. Then nothing, then a submission to a stock subreddit. Anybody with experience moderating subreddits can pick this out as a bought account immediately. This is an extremely common pattern where people build up some easy karma on a clean account and then sell it for use in various promotional campaigns. + +Take a look at the post content and you'll see a pattern that will repeat: one or two paragraphs of content-free 'analysis' about events in whatever mining sector, then a series of 'pitch' paragraphs where they link to a random junior miner and include the ticker. Presumably this is an attempt to pump/draw attention to these stocks. + +I've been noticing this happening in /r/investing and /r/stocks over the past few months, here are a few examples that I picked up in just 15 minutes by searching for recent posts about 'mining', 'copper', 'gold', and other such keywords. On each of these posts note the exact same post framework and then click on the username -> 'posted' tab to see the exact same type of post history. + +* [/r/investing, 2 days ago, 'junior mining'](https://www.reddit.com/r/investing/comments/qvx11z/is_investing_in_junior_mining_stocks_worth_it/) +* [/r/investing, 8 days ago, 'copper'](https://www.reddit.com/r/investing/comments/qqs5bp/coppers_current_situation_is_concerning/) +* [/r/investing, 1 month ago, 'gold stocks'](https://www.reddit.com/r/investing/comments/qb8e3y/going_big_on_some_gold_stocks/) +* [/r/investing, 1 month ago, 'gold mining'](https://www.reddit.com/r/investing/comments/q8le51/investing_in_gold_mining_stocks_after_the_recent/) +* [/r/investing, 1 month ago, 'mining companies'](https://www.reddit.com/r/investing/comments/peh0q5/mining_companies_and_engaging_with_communities/) +* [/r/stocks, 4 days ago, 'copper prices'](https://www.reddit.com/r/stocks/comments/qudym9/why_do_copper_prices_still_go_down_despite_the/) +* [/r/stocks, 16 days ago, 'copper and lithium'](https://www.reddit.com/r/stocks/comments/qlsbil/im_about_to_invest_in_some_copper_and_lithium/) +* [/r/stocks, 1 month ago, 'copper prices'](https://www.reddit.com/r/stocks/comments/q3vsf4/will_the_recent_fall_in_copper_production_affect/) + +This is just quickly scanning over posts in these two subreddits over the past month - it's been going on longer than that and I'm guessing is probably in other investing-related subreddits as well that I just don't see. + +Anyway, I don't have any personal opinion on the stocks or sectors in question, but I do feel it's good to point this out and to remind everybody that when you're reading stuff on Reddit you are not necessarily reading agenda-free or good faith discussions, you are being marketed to. So be suspicious about this stuff. Not sure how much the moderators can realistically do but maybe good for them to be aware of this as well (/u/Fauster, /u/CriticDanger, /u/ScottyStellar) +I am a woman and care about FIRE, want to see if other women are leading the charge here, if so curious to hear what your occupations are + +Edit 1: AMAZING! loved reading every one of your stories, I'm so inspired. Thank you for sharing. + +Edit 2: When I said "head" of household I just meant loosely someone taking the lead on finances (earning and/or planning and/or saving). I've just heard too many stories of "I introduced FIRE to my girlfriend" stories I wonder if I'm the only girl who's totally obsessed with this. I am so pumped to see so many women taking the lead on owning their finance future and taking a fucking lead in crushing life!! You ladies ROCK!!! + +Edit 3: okay last comment: we have some seriously eligible bachelorettes in this thread: ambitious, smart and killing it in life. +Getting coffee in the morning helps kick my brain into gear. Talking to other people helps so much. I've been working from home and need something to transition my brain from getting out of bed to working. A change of scenery and something to calm the dogs down with. Coffee filled that need. But I'm spending way too much money on it. + +I need some recommendations on what I can do instead of going out and buying coffee. Walking the dogs is too much of a hassle for 15min. Literally takes about 5min to get them ready. I've thought about going on a walk, but it's not always doable due to weather or other circumstance. Heck I've even considered just driving to a nearby park and sitting in the car for 10min. Any ideas of what to try? + +Additionally my wife and I have created a new habit of getting coffee when she gets home from work. Again it's a way to get out of the house and put an official plug on the day. What could we do instead? + +Thanks in advance. + +Edit: $400 is including trips with wife noted in the second half of the post. Individually the coffee is about $5-6, which I still consider expensive. +I certainly am! After they tried to infuse FUD with Taxes, which just made me laugh uncontrollably, because lets face it: Have we done anything else before? We are not scumbags hiding our wealth on some Islands! + +[https://www.reddit.com/r/Superstonk/comments/mwv5uo/billionaire\_hedgies\_think\_tax\_fud\_is\_viable/](https://www.reddit.com/r/Superstonk/comments/mwv5uo/billionaire_hedgies_think_tax_fud_is_viable/) + +BRING IT TAXMAN + +Edit: Lots of talking going on! I agree, the Tax money is spent better somewhere else. The main reason I am hyped is because I never knew otherwise, plus they tried to induce FUD on us with it. I was "poor" my whole life, so I was always used to Uncle Sam taking his cut. Take this one time payment and im gone ! +Back in 2017, there was an explosion of ICOs. Most of them were quite frankly.... shit. I'm sure a good percentage of the top 100 never even made it to the top 100 again, getting overtaken by new projects that actually do something. + +And then we have the meme coin explosion of 2021. DOGE and SAFEMOON and plenty of other coins seem to be taking top spots undeservedly. + +Which cryptocurrency projects do you despise being in the top 100 and think it's wildly overvalued? In your opinion, which projects are shitcoins? + ++ bonus points for discussing undervalued projects that deserve those top spots. +I am an 84 year old woman and have no experience in the stock market, investing, anything at all! I was a public school teacher for many years, now I have a little extra money and not quite sure what the best thing to do is. i live in Minnesota if that is any help. Stocks or bonds? This is all new to me. Any help is appreciated. Thank you! +I want a solid education in the workings of the stock markets, everything from basic options, to shorts, mutual funds. I’m willing to invest as much time as needed but am curious if there’s any good resources which serve as an “all you need to know” or a good “101” type education. +Hello, + + +I see a clear and very strong correlation between shrinking companies and unfunded pension liabilities being significant on the balance sheet. More concretely: + + +*Shrinking companies almost always have significant pension liabilities on their balance sheet and they usually struggle to significantly reduce the amount. + + + +*Shrinking companies typically report significant negative impacts under Other Comprehensive Income caused by movements in the pension plans. + + +What causes this? Also, this poses a very significant risk, doesn't it? If the company keeps shrinking and the pension liabilities cannot be materially reduced they will get to a point where the liability can never realistically be paid back? Or am I making a wrong assumption here? +I just took a quick peek at the top 20 coins by market cap and over the last SEVEN days Ethereum has plummeted 32.03% as of this writing. + +Only 2 other cryptos have fallen more, and barely:CRO has dropped 32.99%, but I believe a large part of that is due to the rate change and unbonding periods ending and sell of out of spite. + +AVAX has dropped 32.62%, I don't know about this coin so I won't even surmise a reason why. + +Do you think ETH's fall has to deal with the merge or something else I am missin?Just curious. + +Thanks. + +\*\*\*EDIT1\*\*\*It's price is down 33.98% over the last 7 days as of this edit. It has now depreciated greater than ALL top 20 coins. (Again, as of this edit). + +\*\*\*EDIT2\*\*\*It's price is down 37.488% over the last 7 days as of this edit. It has now depreciated greater than ALL TOP 27 COINS. (Again, as of this edit). 9:49 am 6/15 + +\*\*\*EDIT3\*\*\*It's price is down 38.57% over the last 7 days as of this edit. It has now depreciated greater than ALL BUT ONE OF THE TOP 53 COINS. (Again, as of this edit). 9:45 am 6/16 + +&#x200B; +I’m a 32 year old male, with quite a sizeable savings account and I make more than enough that others have told me I “have literally no excuse for not putting any of that money into the markets.” + +However, I feel like I do. I have this irrational fear that the minute I put any money into the markets, a 2nd Black Monday would happen. That would just be my luck. However I also know that with my money just sitting in my savings account, I know I’m still losing to inflation. Just not as quickly as I would if the market were to crash. + +I suppose it also comes from the fact that my family was dirt poor growing up, living in shitty pay by the week motels or in our old Plymouth Voyager when things got really bad. That I cling tightly to my money for a fear of ending up in the poor house again + +How do I overcome this fear of investing and getting into the markets? +There are a lot of people who buy and only HODL your coins and tokens. This post is for those of you that do. + +What is staking? + +Staking is a mechanic where you lock up your cryptos and generate passive income as you are helping to secure the blockchain through said mechanic. So you don't have to do anything and you can generate passive income through staking. This is just like interest in banks but only with much better APY. + +Let's say I have 32 ETH and I am staking them for a 6% APY. + +So 32 ETH x 6% = 1.92 ETH + +That gives you 1.92 ETH for free by staking every year. + +There are many coins that let you stake. BTC doesn't let you stake but you can lend it out to generate some passive income. Generally, the APY for staking is around 5% give or take. Some provide more some provide less. If you are HODLing anyway, why not let your crypto make you more crypto. + +That's a win-win. +Our family is considering buying a weekend home in upstate New York a couple hours away near the Hudson river. Prices for what we're looking for are close to $1MM (partially because of the pandemic), and property taxes can be $20,000 per year as well. Although we can afford it, these costs (especially the property taxes) are making me balk and making me wonder about listing the place on AirBnB. + +I know second homes aren't a great investment, but I do think we'd use it a lot. We plan to use the home on weekends (\~1/2 of weekends) and a couple weeks in the summer. Other long vacations we plan to still travel, which means that many holidays would be available to rent. Avg prices for this something like this in the area on AirBnb are a minimum of $500/night, up to $1,000 or more during in demand periods. + +Curious about people's experiences doing something like this. Obviously this means more wear on the house, less flexibility in us using the property (but I think we'll usually know 2 months in advance when we want to use it), the need for us to be able to put personal items away, and probably the need to hire some kind of local property manager. But it seems that it might be a not too stressful way to cover most taxes and maintenance costs, and maybe even earn a small return. + +I think we're set on the second home idea, but the remaining question is how much do we want to spend, and I wonder if the possibility of AirBnbing the home changes that. +(x-post from r/pf, using a throwaway for incredibly obvious reasons) + +I'm not going to go over the circumstances other than this isn't from the lottery – what will be received is going to be classified as long-term capital gains, but for the sake of guidance, this will jump me from a six figure net worth to somewhere around $50MM-$100MM. I've reviewed the various windfall articles in the wiki, and the going advice for my circumstances seems to be hire a family office and/or CFP. Is that it? I know my life is going to substantially change, but it just seems so straightforward to just find a reputable multi family office and hire them. Am I missing something? +Back in March my 99 Ford exploder needed a $200 repair. I’d just made $100 in repairs the month before and $75 the month before that. Generally I see advice to buy a new car if your old one starts costing as much to repair each month as a car payment. I started shopping around for financing options and didn’t like what I was seeing. If I financed through my bank for example, they would require the financed amount to be $7,000 minimum on a car 4 years old or newer with less than 100,000 miles. APY would be ~18%. Since I’d need to also get comprehensive insurance coverage, the minimum payment I was looking at was around $170/mo for 72mos if I met the bare minimum requirements for financing with my bank and upping my insurance, including a $3,000 down payment. + +I bit the bullet and repaired my car. I didn’t want to take on the credit hit nor the financial responsibility. My salary isn’t great right now and that’s a lot of money. But I know in 5 years, my salary and credit will be better and I could afford a bigger down payment. + +Since March, I’ve put $150 away each month that would’ve been the difference in my current insurance and no car payment and the cost of getting the new car. + +This has done a few things for me. + +(1) more savings. If I suddenly need to make a large repair or afford a new car, I have more money to make the repair or down payment with. My old gal hasn’t needed a single repair since then, thankfully. I’ve put the money into stable ETFs with a 5 year time horizon and have actually made an average 9% return. + +(2) I now know I could have afforded that payment, which is a huge peace of mind if I have to soon. I feel like the decision would have been less impulsive. + +(3) I avoided the used car price surge. It was crazy to see used cars I was looking at a couple months before increase in price by ~20%. We don’t know how long this used car inflation rate will last, but at least it’s something I can spectate rather than experience. + +(4) I’ve actually managed to raise my credit the last few months by almost 50 points. I also have enough room financially and credit wise to take an international trip using a travel credit card and earning a $500 value travel bonus. + + +In 5 years, I should be able to afford a $13,000 car completely out of pocket rather than a $7,000 financed car with more insurance costs. + +If any of you are considering buying a new car, I’d recommend weighing your pros and cons carefully and on a long-term basis! + + + + + + + + +*Edit/update* + +My post was removed temporarily, but I got it reapproved. Thank you all so much for your encouragement and feedback! This is the most attention I’ve ever gotten on a post. + +Just to address a couple things I see mentioned a lot: +I’m 24 and a semi-recent college graduate, so my credit wasn’t too hot back in March. I’ve done a lot of work to increase my credit so drastically in the last 6months. I know that my old gal might not make it another 5 years, but at least if I have to get a new car in the next 2 years, I’ll have better credit for a better interest rate, hopefully these inflation costs will have gone down a little, and I’ll have more funds for a down payment. I’ll definitely be looking into credit unions for financing if I need to finance! + +Some of you are also rightfully concerned that I’m putting the funds in the market. Although it’s a stable EFT, I know there are risks; however, I have a separate emergency fund and if my 5 year time horizon isn’t met and I’m not able to liquidate, I have emergency funds to tap into. This was also a risk I took into consideration and why I went for a low-risk conservative investment option. + +I also see some people are concerned for my safety with driving a 23 year old car. That’s a risk I weighed, and bc I only drive a few miles to work at under 55mph limits, it was a risk I accepted. That’s not the same for everyone, and something important for you to consider with your own lifestyle when considering getting another car. + +Here are the repairs I needed to make, since some of you were curious: new brake pads for front wheels, front passenger rotor and rim, and a battery. My dad and I were able to fix these without a trip to the mechanic. That might not be a feasible option for everyone if not mechanically inclined and definitely would have costed more if I did visit a mechanic. The only other maintenance I anticipate in the short term is replacing 3 of the tires and getting an oil change, which might cost around another $300 but it would be worth it to not have a car payment imo. +Post inspired by LOKI, which is a great show btw. + +Looking back, this whole Gamestop saga could have played out in SO many number of ways. The MOASS could have been started way before. The shorts could have covered in Jan or in the March run up. + +But no, we're sitting here trading sideways in 6 months after the Jan spike, with super low volume, but this is the best set up we can possibly hope for, and here's why. + +1. **These six months was a natural selection pressure for the most diamond handed of apes to be left as shareholders**. Back in January, everyone and their mom was hyped about Gamestop and bought in, but following the drop, a lot of people got out. Same story with the March spike and dip. Most of the paper hands were shaken off. Those who are impatient and were looking for a quick buck probably were satisfied with their gains of 3-4x, assuming they bought in around $40-$50 in Feb, and sold at $200-$300 when it peaked again. Who's left? Diamond hands who refused to sell at $350, and who refused to sell during the dips, even down to $120. Then add in 4 more months of basically nothing happening, those who don't have the character and the grit would have sold out of boredom, and all but the most hard core apes have left. Thus, MOASS is going to happen with only hard core apes holding multiple floats worth of shares. +2. With these kinds of apes left holding GME, they have been reading solid DD for the past few months. **We had time to educate ourselves and uncover and shine the light on the corruption on Wall Street.** I estimate 90% of GME holders now know the situation and at least have some idea about SHF tricks, MSM fud, GME fundamentals, and the reason for MOASS. **These apes have hardened their diamond hands with knowledge**, and being able to look back at all the dips and realizing that there IS a huge community of like minded apes who are also not selling and not fearful. Apes now trust other apes. There is no other stock out there with the vast vast majority of their shareholders as knowledgeable as us about the stock and the market. We are HODLING with many wrinkle brained apes (don't sell yourself short, you have infinitely more wrinkles than other investors out there). If this squoze in Jan, we would have been like "haha SHFs git rekt, GME GO BRRRR." and that's about it. But instead we had 6 months of doing research and DD and now we've uncovered the biggest rehypothecation ponzi scheme the world has even seen, recognized that the corruption goes all the way up to the DTC and the SEC, and I for one will never put my money in US exchanges after MOASS. Saved myself from heartache from future manipulations. +3. **These 6 months have given Papa Cohen ample time and money to turn the ship around, wave his magic CHWY wand, and start the Gamestop transformation revolution.** The more time passes, the stronger Gamestop becomes, the higher the value of the stock based on fundamentals alone. Ryan Cohen was able to speed run CHWY from nothing but a dream and some investor money to a $3.35 Billion dollar company in 6 years. Imagine how fast he can do with almost $2 billion in cash, a fucking top tier team, and a brand name that is already globally recognized? Ryan's aiming for a new speed run record! It's only a matter of a short time where GME is worth $350 on fundamentals alone, and I argue that it already is, but MSM refuses to recognize it, and thus your average dumb investor doesn't recognize it as well. We actually don't need any catalyst to MOASS, solid business fundamentals alone is enough to trigger MOASS. +4. **Hedge funds are digging their grave deeper and deeper everyday, and added more and more powder to the keg every day.** If they covered in Jan, yes, their short interest would have been \~140% or whatever it was supposed to be. Apes wouldn't have been able to hold past $1000, and it would have been over. But since that didn't happen, the SHFs had no choice but to keep doubling down and to keep naked shorting to control the price so MOASS isn't triggered. That just means they just increase the total number of shares they have to buy back every single day, which will make the MOASS that much bigger and violent when it happens. If short interest was at \~140% in January, how much would it be now, after 6 months of continuously shorting GME? +5. **Apes have 6 more months to increase their positions.** I personally started out with xx, but now after increasing my own position as well as getting my wife and my mom to join in, together we're XXX. I imagine that for many of us it's the same story. We've manage to double, triple, or even 5-10x our initial position. Not only that, new apes who have discovered us and read the DDs have also joined in. Proof is in our numbers for this sub. We used to be just like 100k when we first moved in here. Now we're at half a million. We've increased our buying power for GME due to so many of us regularly buying. That's why the OBV never dips, despite share offerings done twice now (though some could argue that it was SHFs who could have timed their FTD covers at that time to keep the price from spiking.) Now instead of just 100k of us being multimillionaires from this, now there is at least 500k of us. And together we hold probably at least 2x the number of shares in the float. Even if half of us paper hand at less than [gmefloor.com](https://gmefloor.com), the other half will keep holding, leading to our beautiful infinity pool +6. **DTC and friends had ample time to work together with Blackrock and long whales to rewrite / change the rules so they aren't hurt / can profit from this.** If this MOASS just suddenly happened, who knows what illegal shit the powers that be would have done to chop us at the knees and stop the MOASS from happening because they were caught off guard. But now that the DTC and friends had time to prepare for the MOASS with their many many filings, and now that Blackrock and their long friends has finished their set up to swallow their competition when MOASS hits, it's in the long whales best interest for MOASS to start and bankrupt our SHF losers like Citadel. We now have the long whales solidly on our side. +7. ***We got to see a dude shove a banana up his ass.*** + +Thus, rejoice and be glad MOASS is taking so long to occur. It will only happen once in the history of stock trading, and the more time passes, the more spectacular MOASS is going to be set up to be. + +I leave you with a verse from the Gospel of Gamestop: + +DFV 7:14 "I like the stock." +"Market went up because the economy is booming". Two minutes later "market is going down because the booming market means there will be no rate cuts" + +So let me get this straight: people bought stocks --> market went up --> same people realized there won't be any rate cuts --> same people sell stocks --> market goes down. + +Conclusion: Either people are stupid or CNBC makes up any reason that could explain the market movement. + +How can anyone hate wall street, lol. +TITLE TYPO: MEANT TO SAY UKRAINE + +Check the following Twitter accounts: nickschifrin and bnonews + +U.S. Intelligence believes Putin may be planning to invade Ukraine as soon as next week. SPY dropped about a half a percent just after this news came out. This and the fact that minutes from the January FOMC meeting are releasing on February 16 means next week is gonna be really interesting. VIX also just spiked. We might test January lows. +TITLE TYPO: MEANT TO SAY UKRAINE + +Check the following Twitter accounts: nickschifrin and bnonews + +U.S. Intelligence believes Putin may be planning to invade Ukraine as soon as next week. SPY dropped about a half a percent just after this news came out. This and the fact that minutes from the January FOMC meeting are releasing on February 16 means next week is gonna be really interesting. VIX also just spiked. We might test January lows. +Here's my situation. I'm a 19, in college, car paid off, and want to finish my BS degree debt-free. I live with my parents and they take care of what would be my rent, phone and car insurance. I'm also still on their health plan. As of this past I have saved up/invested $13k in liquid assets. + +Currently I work part time as tech support for my local government and I bring home $1122.02 every month. Out of that I aim to save $800 so that I will have enough ($30,000) to pay for the remaining two years of college (operating on the assumption of ching no outside aid). + +This plan leaves me with ~$320 every month to spend on gas, repairs and whatever else I want. The problem is that my parents tell me all the time that I worry too much about the cost of school and shouldn't be so frugal with my money. Do you think that I am just being too conservative with my funds, or am I being conscious of the expenses of higher education? +A lot of you may be new here, or maybe you've been here for a long time. + +But either way, I'd like to bet that aside from knowing that "hedge funds and shorters got too greedy and we're going to get them for it!", **you don't really have any idea how the GME rocket started.** + +So let me do the honours of giving you all a quick run-down on what is currently happening with GME. + +# It all started when hedge funds and shorters shorted GME into oblivion. + +With COVID-19 impacting the world the way it did, GameStop was set to become the next Blockbuster and go out of business for good. + +Hedge funds, who love to make money off shorting companies into bankruptcy, saw this as a perfect opportunity to make some easy money by **shorting more shares of GameStop than there were actual GameStop shares.** + +While some were able to figure this out before anyone else, pointing this out would have meant nothing if there was no reason for GME to go up... + +# Then all of a sudden GME had reasons to go up. + +People like Michael Burry and Keith "Roaring Kitty" Gill pointed out that the fundamentals for GME at the time (mid-2020) were not reflected accurately in GME's current price ($3-4 USD). What Michael Burry found out, in particular, was that not a single GameStop was in the red; they were all making profit to some degree. + +After GME starting showing positive trends, people like Ryan Cohen and companies like Microsoft invested in the company as well. With these investors in the company, there was hope for GameStop to not go bankrupt and actually adapt with the rise of eCommerce. + +Finally, to really help GME go along, Microsoft and Sony announced that their latest consoles (the XBOX One X and PS5) were still going to support physical disc copies of games. This further gave reason to believe that full-digital wasn't the future just yet, and that there was still hope and profit to be had in physical products/locations. + +# And as GME started going up to most people's surprise, people started noticing how screwed shorters suddenly were... + +But before we continue, I need to briefly explain what a *"short squeeze"* and *"gamma squeeze"* is. **If you already know, you can skip below.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**A "short squeeze" is when lots of people "short" shares, yet the price of the stock they shorted continues to go up, and eventually they're forced to cover their positions.** + +**This allows those with shares to sell the shares back to them at ridiculously high prices because, well, they have to buy them back.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**A "gamma squeeze" happens when many people make lots of "call" options with market makers for prices that are very high to reach (ex. a $100 call for a stock worth $10).** + +**They do this in hopes that not only will the stock attain that set price or higher, but more importantly that the market makers don't actually have the shares to give to them if/when the call options can be exercised.** + +**If this high volume of "call" options does get exercised, and market makers don't have the shares for them, that means that they'll be forced to buy the shares. Those with shares can then make them buy these required shares at much higher prices.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# SKIP POINT + +**People online began to communicate with one another about GME, and pointed out that is was going up despite what shorters wanted to happen.** + +# It was then that they theorized that with all the shares being shorted, and with the stock continuing to go up, that they could buy lots of GME shares and create many highly priced call options to create a short squeeze as well as numerous gamma squeezes. + +# But they weren't going to accomplish this alone... + +**Other big players on Wall Street also saw what GME was capable of, and provided the high volume required to send GME to the moon. And they provided the high volume indeed...** + +# And thus began the GME Gamma Squeeze of January 2021 + +What was once a $3-4/share company destined for bankruptcy suddenly sky-rocketed to a max of $480+ essentially overnight, and shorters and bears suddenly found themselves in billions worth of losses. + +# But we all know that big guys don't play nice. + +Before more call options could be filled and the price of GME could go up any further, numerous brokers halted buying GME all together. This gave plenty of time for numerous "call" options to become worthless, and for shorters to regroup and recover their losses. + +After all, the DTCC gives a 21 day grace period for investors in huge debt to cover their positions, so these shorters were going to do everything they could within these 21 days to get the price of GME back down. This way, they could not only minimize their losses, but even get back into the green and continue to bankrupt GameStop. + +In less than a month, GME plummeted to $40/share, and all seemed lost. Hedge funds would win once again, and retail traders were given a grim reminder that they don't play by the same rules as the big players... + +# Yet this is not how GME ends. + +Just a few weeks ago, more hope was given that GME would rocket once again. + +Keith "Roaring Kitty" Gill proved that not only did he still hold all his original shares in GME, he also doubled down on his position right after he announced that he would still buy GME during a Congress Hearing. + +During the same Congress Hearing, Melvin Capital (a hedge fund that lost 53% of its value because of the GME Gamma Squeeze) admitted that there was no short squeeze, and that the rise of GME to $400+ was a result of a gamma squeeze. + +**In other words, a "short squeeze" hasn't happened yet.** + +People found that shorts theoretically didn't all cover as shorters continued to be greedy and likely held on to their shorts as they thought they could still bankrupt GME like they originally planned. + +They found that while short interest was seemingly much lower that there were still very few GME shares left to short and that shorters were still losing millions every time GME spiked to new level highs. + +Not only that, but that shorters likely continued to short as GME went down during the gamma squeeze; putting them in an even bigger short position than the last. + +Ryan Cohen made it official that he would be heading GameStop's eCommerce division (because of course he is)... + +There were meme tweets of ice cream, frogs, and 1980-90's games/movies... + +People began exercising call options once more, and now... + +# The GME rocket rises once again... + +# TL;DR: Shorters and Market Makers are currently in desperate positions where they need A LOT of shares of GME to cover their shorts and fulfill their "call" options, and retail investors (but most importantly big players) are buying and holding all the shares they can to make GME the Big Squeeze of the 21st Century. + +# NONE OF THIS IS FINANCIAL ADVICE, AND PURELY FOR EDUCATIONAL PURPOSES. I JUST LIKE THE STOCK. + +**EDIT: Some grammar changes.** +I was reading this article on the NYT about declining birth rates around the world: [https://www.nytimes.com/2021/05/22/world/global-population-shrinking.html](https://www.nytimes.com/2021/05/22/world/global-population-shrinking.html) + +The article made me question some assumptions the financial world has held until this point about the stock market and it's historic trend upwards. The world population has also been trending up (I believe?) for the entire time the stock market has existed. Has anyone speculated about what changes we may see to the historical upward trend of the stock market as the population trend begins to reverse, and on what timeline that may occur? +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. +Posting on a throwaway for obvious reasons. + +In dollar terms, I’m almost a bitcoin millionaire. It feels good, but not because I can brag about the accumulated wealth, it’s more that the people who I told to invest whatever money they could afford to lose, back in early 2013, all told me I was an idiot. Those same people have now been humbled. + +The story starts back in late 2012. A guy I was on head-nodding terms with at the gym, got talking to me in the changing room about one of the podcasts he was listening to. He was talking about how he loved his weed and had heard about the Silk Road and how the only way to buy drugs on it was using this new “virtual” currency called bitcoin. It was in November 2012 and the price was hovering around $10-$11. I thought to myself, I love my weed - and I remember from years and years ago, a company in Canada called bud mail, used to operate an online weed store. That’s where my thinking stopped - and I didn’t bother looking into it any further. + +**Acquiring my first coins** +In early Jan 2013 my mate had mentioned bitcoin to me, again - a big weed smoker and thought it’d be a good idea to grab a few coins and try it out for ourselves. We’re in the UK, and Coinbase wasn’t open for UK residents yet. The only way we could purchase bitcoins were on localbitcoins.com or bitstamp. We chose the latter, but had no idea what a SEPA transfer was. To be frank, there were a lot of hurdles to overcome in order to acquire bitcoin back then. + +We had to use TransferWise to send our money to some bank in Estonia (I think?). The money arrived a few days later, and bam - we were able to purchase our first coins in March 2013 at $57 a pop. The next few days, the price continued to rise - until it got to about $230. This was heavily fuelled by the Cyprus Haircut. The other two mates who I’d bought these coins with, and who I shared the bitstamp account with wanted to sell. I didn’t. We decided that I would take my coins off the exchange, and they’d keep theirs together at bitstamp. It was at this stage that I was looking into bitcoin security. + +**Paper Wallets** +Trusty bitcoinpaperwallet.com taught me all I needed to know. I ran a few tests first with very small amounts. Sending some to paper wallets, and then sweeping those paper wallets so that I could trust that it all worked. It did. + +**Acquiring more knowledge, then more coins** +By now, I was deep into the rabbit hole, but I always felt it was important to invest as much (if not more) of my time into learning how bitcoin worked, and how to skill up on my bitcoin opsec. I should state, with bitcoin - you never stop learning. The beauty of this thing is it constantly evolves. As I got more comfortable with my knowledge, I bought more coins, still only ploughing in what I could afford to lose and not care about. + +**2013 High** +It was December 2013, and the price had reached \~$1200. The friends and family I’d told about it were all screaming at me to sell - “you’ve made more than 20x your investment”. + +I told them the same thing then as I tell them now - that they didn’t understand that this was a new paradigm. This thing is going to change the world, and yes the price is volatile, but if you understand the fundamentals of bitcoin, and have even a tiny grasp of macro economics and how messed up the system was, it was obvious that bitcoin was born to absorb all of the endless money printing etc. Back then, money printing was nowhere near the scale we’ve seen in the past 12 months. + +**Bear market until late 2017** +I had everyone telling me how stupid I was for not selling. After the 2013 high, we wouldn’t see the price exceed it’s previous ATH for another 4 years. Whilst everyone was telling me how stupid I was, I was continuing to buy. I was continuing to extol the fantastic qualities of bitcoin, and how it had previously had bull and bear cycles that was heavily influenced by the halved supply of coins every 4 years. They looked at me like I was talking a different language. They didn’t want to invest their time understanding how things worked. All they knew was that every single news outlet was saying that Bitcoin was for terrorists and criminals. I continued going to as many bitcoin meetups as I could. Listening to some of the bitcoin veterans live on stage. It was still very fringe back then, but I was lucky to speak to people such as Andreas Antonopolous, Gavin Andresen, Mike Hearn, Jeremy Allaire, Jameson Lopp, and others. Some of these people will be remembered for the wrong reasons, but at the time - it seemed all of them had good intentions for bitcoin. I still follow Andreas and Jameson, and genuinely think they're some of the most intelligent and visionary minds out there. + +**Christmas 2017** +I remember it well. I was with my family out for dinner and the price was close to $20k. “I can’t believe you still haven’t sold”, they said. I blurted out the same mantra that I did back in 2013. I didn't sell. + +**2018** +We all know how this year went. It wasn’t pretty, the few people who knew I had bitcoin thought I was silly for not selling. I knew in my heart of hearts I wasn’t. I stuck to the plan, and continued accumulating. + +**2019 - IVF** +Me and my wife had struggled trying to conceive. I won’t go into all the details but suffice to say, I don’t come from a particularly wealthy background. That’s not to say that I was a deprived kid - I wasn’t, but I certainly didn’t come from a wealthy background. In order for me and my wife to have our first child, it was becoming obvious that the only option left to us at this point was IVF. IVF was going to cost the best part of £30-£40k. + +I’m a true hodler, but I felt that I had been extremely lucky to find bitcoin at the time I did, and so I’d sold a decent amount of coins to fund the IVF. Yes, I could have sold some in late 2017, and liquidated fewer coins to get to the amount I needed - but I didn’t know back then that we’d go down the IVF route. + +**2020 - No regrets** +In January 2020, our little baby boy was born. Our bitcoin baby. A baby, that I honestly don’t think we would have been able to have, had it not been for me stumbling across bitcoin and disregarding all of the naysayers along the way. He’s the light of our lives, and if bitcoin went to zero, I’d still be an absolute winner! At this point, I've cashed out about 3x of all the money I've put into bitcoin, and still have a sizeable portion of my coins left. + +**2021** +It’s the first day of 2021, and whilst I’m not quite at $1m in terms of my btc holdings, I’m not far off, but better than that, the friends and family that told me to sell are no longer saying "why don’t you sell?", but asking how they can buy. I could be an arsehole about it, but that’s just not me. I continue to help anyone and everyone that shows any kind of interest in this. + +**The Future** +I think the next 24 months are going to be extremely exciting. I’m hoping to get to a point whereby me, my wife and my son can move into our forever home. I have plans for a 50% equity payment, leaving the rest of my coins to hopefully accumulate more value so that at a later stage, I can pay the rest of the mortgage off, and live a debt free life. + +**To conclude** +I never thought I’d accumulate the wealth I currently have. It’s still peanuts in terms of what some people in this world have gained (looking at you Bezos), but if it means that I can quit my job, to spend more time with my family, and putting my precious time into learning new things, being more charitable with my time and generally living life to the max - then I’ll be a very happy man. + +Peace, love and good luck to all of you in the future. +###What's the poll? + +####We can use the Flair system to give Moons bonuses or penalties to encourage the best kind of posts that all visitors to the sub enjoy and benefit from. Moons awarded should be proportional to effort spent. + + + +###How? + +####A few of us Mods recently changed the flair system to be less specific and get rid of some of the older and irrelevant flairs. [We currently award 10% \(x0.1\) of moons to Comedy posts and Media posts.](https://www.reddit.com/r/CryptoCurrency/comments/lm99v3/change_moon_distribution_for_comedy_posts_and/) I propose that we choose some sensible ***"Moons Multipliers"*** to all of our flairs. + + + + + +###What's the benefit? + +####Some of the best and most helpful posts on this subreddit are when redditors sit down and perform awesome write-ups. I've seen tonnes of helpful threads such as a full documentation of the best Liquidity Farming platforms, users that create tools for the community to use, and in-depth, thoughtful debates. I believe we can further incentivize these posts by awarding Multipliers to each flair to curate the content this community provides to what's beneficial, and not link farming or lazy comedy posts with minor alterations. + + + + + +###What's the drawback? + +####A hell of a lot of posts get submitted daily to this subreddit. 4 figures per day sometimes. And as this has the potential to award users more Moons than normal for their posts, you can bet your ass some gaming of the system will go down. Here's some thoughts I've had for you to digest; + + + +* While users can game the system, we only need to consider the handful of posts that reach the front page. I couldn't care less if someone awarded their 16 karma post a 1.25x Multiplier flair. + +* Incorrectly flaired and popular posts are inherently viewable and we already have "incorrect flair" reporting, plus the ability to change flairs. + +* Users can't change flair after set, so they can't game posts after they've become popular. + +* This could cause a reduced diversity of posts, but the types of posts that earn bonus moons do require extra effort. + + + + + +###Proposed Multipliers + +####I've posted this a few times in the Meta sub and the current flairs & their proposed multipliers are well accepted. There's always room for improvement however. + + + +Flair| Description | Example | Moons Multiplier +---|---|----|--- +Analysis| For analysis self-posts, trading analysis, profit & loss etc | [The ultimate guide to earning passive income with cryptocurrencies](https://www.reddit.com/r/CryptoCurrency/comments/lk2rtw/the_ultimate_guide_to_earning_passive_income_with/)|1.25x +Debate| Comparing & Contrasting different coins or technologies| [Top 25 Cryptocurrencies - 3 Pros, 3 Cons](https://www.reddit.com/r/CryptoCurrency/comments/lt2wyz/top_25_cryptocurrencies_3_pros_3_cons/)|1.25x +Comedy| Those *hilarious* gotcha self-posts, like the daughters idiot boyfriend| [To all the newbies: This has never happened before, Bitcoin was only meant to go straight up](https://www.reddit.com/r/CryptoCurrency/comments/lqavxo/to_all_the_newbies_this_has_never_happened_before/)|0.1x (no change from current) +Anecdote | Self stories, such as **"I sold all to buy my Dad a 'how to love your son for dummies' textbook"** | [I (24F) feel like a bad b*tch compared to my boyfriend](https://www.reddit.com/r/CryptoCurrency/comments/oa9qvt/i_24f_feel_like_a_bad_btch_compared_to_my/)|0.1x +Advice| "Take your coins off exchange" "Use 2 Factor Authentication" | [No, leaving your crypto on an exchange is not the end of the world and you don't have to move your $100 woth of crypto to a cold wallet](https://www.reddit.com/r/CryptoCurrency/comments/pia31k/no_leaving_your_crypto_on_an_exchange_is_not_the/)|0.5x +Tool|Users that build tools for the community to use, such as CCMoons website, Exchange-Bots, PnL calculators|[ccmoons.com](https://ccmoons.com/)|1.5x +Perspective|A user's thoughts, which often prompt discussion but with no analysis| [You CAN find a x100 coin. You just CAN'T hodl it long enough to take x100 profits.](https://www.reddit.com/r/CryptoCurrency/comments/qokcpi/you_can_find_a_x100_coin_you_just_cant_hodl_it/)|0.1x +Questions| "Which exchange offers the best withdrawal rates" etc| [Which is the best choice concerning the Visa debit card?](https://www.reddit.com/r/CryptoCurrency/comments/p1mazi/which_is_the_best_choice_concerning_the_visa/)|0.5x +Reminders| "Don't use Robinhood!" "Remember Coinbase Pro has lower fees" etc| [Reminder after Robinhood IPOed today. Move your funds out of Robinhood. You don't own your coins, robinhood does.](https://www.reddit.com/r/CryptoCurrency/comments/ou5p6t/reminder_after_robinhood_ipoed_today_move_your/)|0.5x +News| Posting links to articles, tweets, websites | [Coinbase CEO Says He Owns a Ton of Bitcoin, Unveils Outlook on Rise of Altcoins](https://www.reddit.com/r/CryptoCurrency/comments/puqil2/coinbase_ceo_says_he_owns_a_ton_of_bitcoin/)|1x (no change) +Updates| Simple links should be posted as News, for updates and discussion on what it means, then a self-post with links is ideal| [The Ethereum upgrade "London" coming in 9 days will be a "hard fork" and I found out what that means so you don't have to.](https://www.reddit.com/r/CryptoCurrency/comments/osis3a/the_ethereum_upgrade_london_coming_in_9_days_will/)|1.1x +Market| Posts such as "$X Million shorts were just squeezed" / "We've gained $200 Billion in 1 week" etc | [Solana, XRP, Cardano lead losses as 91% of all crypto ‘longs’ liquidated - The market saw a sudden drop this morning leading to 620 millions of dollars in ‘liquidations.’](https://www.reddit.com/r/CryptoCurrency/comments/prpshu/solana_xrp_cardano_lead_losses_as_91_of_all/)|0.9x +Moons| As CC's own Crypto, it should have its own dedicated discussion & flair | [14,255 Accounts in last distribution with NO REDDIT VAULT](https://www.reddit.com/r/CryptoCurrency/comments/pdtixb/14255_accounts_in_last_distribution_with_no/)|1x (no change) +Politics| Government adoption, discussion | [5 out of the 6 US Senators against Crypto are over 65 years old. Do you really think they know anything about crypto?](https://www.reddit.com/r/CryptoCurrency/comments/p1txxi/5_out_of_the_6_us_senators_against_crypto_are/)| 0.8x +**All other flairs**|Discussion, Exchange etc| | 1x (No change) + + +------ + + + + + +So the general idea is, **we want to encourage**: + + + +1. Analysis + +2. Debates + +3. Updates & Info + +4. Tools + + + +No change for news link posts as that's Reddit's bread and butter. + + + +And small to large penalisations for **repetitive and low-effort content**: + + + +1. Comedy + +2. Questions + +3. Reminders + +4. Advice + +5. Politics + +6. Market information + +7. Perspectives + + + +You might think it odd to see Reminders or Advice in there, [but these are heavily abused for some easy moons.](https://www.reddit.com/r/CryptoCurrency/comments/o4rdv6/im_glad_we_have_an_enclave_of_dedicated_templars/) + + + + + + + +**I'm hoping that if implemented, users will be encouraged to curate better analysis and debate posts, so we can all learn new things and become better at investing and using Cryptocurrency, while also discouraging lazy re-hashed comedy threads, repetitive reminders and advice better contained in a "Newcomers" section or similar.** + +[View Poll](https://www.reddit.com/poll/r1uphn) +I've seen people from the slums entering college because they didn't have to pay. Free technical books rentals at uni's libraries, free housing for the poorest students that come from other cities (have to prove income to be eligible), free lunch and dinner (in some unis only, in others you have to pay from 50c to 2 USD, though) and some undergrad research scholarships. + +We've got free cancer and AIDS treatments. Free ambulances. I've seen poor, old ladies that sell corn at Sunday's vegetables fair that had a life-changing eye surgery that made them see again. If they had to pay for it, they'd go blind long before their death. FFS there are cochlear implants and organ transplants for free in some cases. + +Paying 15%-25% over 10x+ crypto profits? Man, just take it. + +I'm not saying there aren't problems. You have to study to be accepted in the universities and if your parents had money in the first place, you could prepare yourself better going to the best private high-schools. The lines for some health procedures are long enough, but if your condition is chronic (AIDS, cancer) or life-threatening (e.g. a car accident), you're assisted on the spot. Violence is still a big thing, mainly due to a huge wealth gap, and hopefully there are people fighting to give better conditions to as many people as possible. Not everything is perfect. + +I'm also not saying that all tax money is rightfully used - I'm not such a fool. But I can't imagine living in a country where I had to pay a hefty amount to call an ambulance. If I had to pay for my college degree in the old days, probably I wouldn't have gotten any, as my parents were quite humble. + +Being libertarian or communist or capitalist, we live in society, and people tend to forget a good society is one where the maximum amount of people has their basic needs met. + +People also tend to forget that things they take for granted, such as the structures for calling the cops, sewage treatment, electricity on the bulbs, water in the taps etc. are generally paid with taxes. Don't want to pay taxes? Fine, get your own private security, buy yourself a water reservoir and build your own power plant. Might as well declare independence. + +Imho, not wanting to pay taxes doesn't put you far away from people in the Pandora and Panama papers. Want to make sure taxes are rightly used? Participate and get engaged in social participation programs. Get involved. Be part of your community. + +If you live in a country where there are such social security structures, don't mind paying taxes. If all your neighbors are fed, probably you are fed, too. + +TL;DR: I don't mind paying taxes over 10x+ if people around me will be assisted one way or another. +I've decided that I no longer want to have any credit cards. I had a lot of store cards/visa/mastercard. I've been paying them off like crazy, almost spending no other money except for bills. I'm doing the snowball. I've got 100% paid on time. Longest 28 years. 40% utilization 2 hits in 2 years and my credit fell from 745 to a score of 683 this month. Ive checked and there is nothing on my credit I didn't expect to see. What can I do to stop this free fall!! +Edit: It didn't fall from 745- 683 in one month. It's been over the past 4 months that I'm paying them off. +Edit: After a suggestion to check annualcreditreport.com I went to the site and pulled up all 3 reports now. Nothing new, no surprises, nothing late. +Edit: Each of you has given me information. I appreciate it. I'd give you all gold but I'm paying down my cc. :) + + +Edit: You are all very helpful. Thank you. +Edit: I just kept on keeping on and now it's up to 731 by doing nothing so there must have been something that hit for a minute...or two weeks. +I owe £20,200 in student loans (now at a rate of 2.75% equating to ~~+£125ish~~ (see edit below) interest a month). I only make £28k so the balance on this has basically never changed since I graduated in 2012. Interest for years used to be around 1% which meant the balance was slowly decreasing as my mandatory payments deducted on my payslip exceeded the interest that was being added. + +I have decent savings and can pay off the loan in full comfortably but I have not done so because I have been saving for a house. The logic being that student debt was cheap debt and if I paid it off I would then have to re-borrow that money as part of a mortgage at a higher interest rate. This is still true but now my student debt is increasing as opposed to remaining stagnant it just feels a bit more pressuring on me. I feel like I should probably just pay it off an accept that my house purchase price limit is now decreased by £20k instead. + +Grateful for any advice. I'm awful with money and it stresses me out. + +EDIT: Ok I have had a brain fart. I logged into my student loan account and saw the interest had updated to 2.75% and just below it said interest added £126.50 (it does not say anything other than that, like for what period etc). My brain has just tripped over itself in a mild panic and assumed this interest was the for the last month. As has been pointed out these numbers don't stack up and that interest must have been the interest from the last full annual period which was mostly at 1.1%. Sorry to waste people's time! But even at 2.75% my payments still more or less match the interest rate so I won't be repaying. Thanks for people's help. For some reason I feel obligated to reassure everyone I am not normally this stupid :/ +> Finance is mostly run by old dudes, at the top anyway. Virtually none of them understand the internet. They all think their closed-door deals and underhanded strategies are as well hidden as they were back in the 80s, and they think their lil PR soundbites are all anyone pays attention to. They don't understand just how big the mountain of public data is, and they don't understand how the community is collating this information, so they blame DFV and Cohen. It's why they're gonna lose. +> +> What's happening online with retail investors isn't "market manipulation," it's Communal Intelligence, a role I think the internet could play heavily in the future and possibly the only true competitor for genuine AI; algorithms cannot compete with a pool of dozens of thousands of lived experiences focused on the same goal.  A million apes on typewriters occasionally accidentally smash out finance textbooks, apparently. +> +> Over the last few months we've seen hundreds of volunteers, most working alone, poring through mountains of public data to put out quantities and qualities of free research I'd expect from paid professionals and committees, and this data is then fine-tuned by the community as a whole.  Sure, some fluff and shilling makes it through sometimes, and maybe the hype blinds us a bit sometimes, but on every great DD there are miles of threads of people debating (with sources!) the finer points, and what truly validates it all are the "experts" in the pool -- longtime traders, lawyers, accountants, and more -- who \*know\* the numbers and the fundamentals and the laws and policies, and who \*also\* know this shit isn't adding up. +> +> In the After Times, if we can keep this same energy and these same methods and same growth, there could be a lot of good, lasting changes through deep communal investigation and education; this is what the internet was \*made\* for, the free and public dissemination of information and knowledge, and I'm just \*really\* excited to see how it continues evolving over the next decade or two. + +--- + +***This is not financial advice!*** +*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team. +Submitted posts are unedited and published as long as they follow r/Superstonk rules.* +**Summary:** This proposal is for sorting comments by newest first after a post is submitted. The intended goal is to level the playing field between early bird low-effort comments and more meaningful high-effort comments by limiting visibility for the former. + +**Problem Statement:** After a post is submitted, the first comments tend to be low-effort. Most of them are simple trite remarks or jokes about the parent post which tend not to offer much originality or value. Users who make these comments are probably only seeking attention or farming moons and often receive numerous upvotes just for being first. Users who make more meaningful comments first take time to even notice the post and additional time to write a comment. + +**Solution:** After a submission has been posted, temporarily set the suggested comment sorting to newest first. After 30 minutes(more or less), the suggested sorting will be switched to top comments first. This change should give later comments an advantage over early comments. It might also encourage users to post more top-level comments and therefore increase the odds of triggering a discussion, since every comment will be treated the same for a set amount of time. The 30 minute time limit will be tweaked by the mod team for optimization. + +**Concerns:** The first two items in the following list are concerns given by u/CryptoMaximalist in the [r/CryptoCurrencyMeta thread](https://www.reddit.com/r/CryptoCurrencyMeta/comments/p0xprp/idea_for_the_first_few_hours_comment_sorting_is/hdqrwkp) which I have paraphrased. The last one is mine. + +* Hiding comment scores for a longer period of time may be considered as an alternative method or additional measure for achieving this goal. However, this idea would have to be submitted as a separate proposal. Currently, scores are hidden for 5 minutes. Contest mode is a controlled option for hiding scores, but it also collapses lower-level comments and might hamper discussion. + +* Many Reddit clients do not respect suggested sorting and allow the user to override them. + +* My own minor concern would be the potential for incentivizing more spam in the top-level comments since farmers would be fighting for visibility. Rate-limits might be required. + +[View Poll](https://www.reddit.com/poll/qhc2k1) +This is a general post about event being fit onto market action after the fact. It is so silly. Why didn't anyone say "Market up the last 5 days due to Omicron variant" ? I could find 20 events, both positive and negative, that could be used to explain why the market went up or down. If the market was up today, no one would talk about omicron , they'd talk about some peace treaty somewhere. + +Heat wave! Climate change! Market goes down. Ooops, when that was the news, the market went up. Condo collapse! Market goes up. Europe flooding! Market goes down. Nope, it went up. + +Omicron variant has been in the news for weeks, and NOW the market goes down because of Omicron ? Maybe yesterday the market went up because of Omicron. Just as stupid. + +Ignore all news. The market dropped because there were more sellers than buyers. The scapegoat just happens to be some arbitrary event. + +UPDATE: + +[https://www.reddit.com/r/stocks/comments/rlo5dv/update\_if\_news\_media\_had\_any\_logical\_consistency/](https://www.reddit.com/r/stocks/comments/rlo5dv/update_if_news_media_had_any_logical_consistency/) +So my partner and I are getting married and buying a house at the same time (stressful). But we were uncertain of how to arrange our finances for bills, mortgages and general spend. So I would like to find the most efficient way of doing this. + +I know everyone does things differently, some pay both salaries into a joint account, some may retain their own accounts and split bills, some may retain their accounts and then have a standing order to their joint accounts. + +Some may split bills down the middle, some take a percentage from their salaries. + +My question is, what does everyone do and have you had any major issues in the ways you have done it? + +Thanks! + +Edit: thanks for all the responses! +Lets say you buy a flat for £100k on a 35 year repayment mortgage that means you're paying the bank around £240pcm. If you manage to rent that flat for say £550pcm after taxes that leaves you with £440pcm. You also put away £100pcm just in case shit brakes which when is all is said and done leaves you with £100 to do whatever with? (and all this is assuming you're not paying an estate agent to help do manage the thing.) + +Is the cashflow from property really that low? Like you see people owning a few houses and living on the rental income, so what am I missing cos the maths doesnt seem to work? +Most people who FIRE are probably depending on capital investments to find their living expenses. + +Since the long term capital gains tax is 0% if you are under the 25% income tax bracket, which is ~38k of taxable income for a single filer. So if you had 2.5 million invested in index funds and were selling 100k a year as per the 4% rule, and not earning any regular income or withdrawing from tax advantaged accounts (which I believe require withdrawals to qualify as income), you'd pay 0% federal income tax, despite getting six figures in spending money? And so you could intentionally keep your regular income below that level and pay 0% federal taxes? And does that also mean if you earn 40k of taxable income instead, you're actually earning *less* from your capital gains since you now have to pay taxes on it, and there doesn't seem to be a marginal rate? +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +[Link](http://cafemutual.com/news/industry/13939-india-is-probably-the-least-expensive-country-post-rationalization-of-ter) + +Edit: I know who funded the study. I just shared it for knowledge/discussion purpose. Calm down guys. +Kuvera is soon going to start stock brokerage. Probably within the next 6 months. Share your views on how they will go about convincing people to shift from mutual funds to buying stocks +A relative was admitted to a private hospital recently. He has been in and out of hospitals throughout the year and as result, the family depleted his medical insurance of 2 lacs. + +When they let the hospital know, the hospital asked us to check with the insurance providers if they can increase the limit. If yes, they'd bill amount X. Else if we are paying from our own pocket, they'd charge as (x - your doctor is so nice he didn't charge his own fees). + +Insurance limit wasn't raised and the hospital bill was paid by the family. They have renewed their insurance for a higher limit but they are worried about hospitals misusing this information and over charging because it's paid by the insurance company anyway. + +Are there any tips to beat this attitude by hospitals and save on insurance limits for when you really need it? + +- Which bank do you recommend for savings account or fixed deposits? +- How's your experience with wealth management services? + For example, you can discuss your experience with Citigold / CitiPriority, Kotak Privy League, DB WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. + +- What bank offers the best forex rates? + +- Discuss the quality of the bank's mobile apps and the services they offer. + +- How are the lending practices at your bank? Did your home loan / car loan / education loan get approved on time + + Were you required to purchase additional products (like insurance) to avail a loan? + +--- + +You can also ask for a general review of a particular product or services that you have been researching: + +> Is bank X good? Is it recommended for basic services no-frills accounts? + +but please avoid asking for personal advice. + +The discussion is meant for consumption by a broader audience. + +For advice regarding your personal situation (like _My family is pressurising me to take a home loan, what would you suggest?_), the bi-weekly advice thread is recommended. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +>Karnataka High Court will announce the Order/Judgement in Franklin Templeton Case on 5th Oct at 3.45 pm Order will be announced by Chief Justice & Hon'ble Justice Kinagi via video conference in Court Hall 1 as Cause List 5 + +This is relevant for a lot of Franklin Debt fund investors here. + +[Source](https://twitter.com/NagpalManoj/status/1312406105377579010) +I live alone. As for family, I have my parents. I don't plan on getting married anytime soon. + +Do I need to get term life insurance? Will it get expensive later on if I do plan on having a family, as I age? +So lately I have been pondering a lot on whether consumer credit in the form of credit cards is good for the economy or not. I recently watched Ray Dalio video on how the economy works on a macro level (https://youtu.be/PHe0bXAIuk0). It's a beautiful explainer video for beginners to experts alike and I would 100% recommend watching it. + +In this video he goes over the impact of credit on the economy in detail. My main takeaway from the video is that credit is a double edged sword. + +If I am a farmer with limited resources to take full advantage of my farm, I could buy a tractor on credit and eventually it would lead to greater utilisation of my farm and I would be able to pay off my debt and then profit off from the higher productive capacity of my farm. The same argument goes when a government or a company uses credit for capex in hopes of benefiting from bridges roads or factories giving us higher productivity. + +But where does consumer credit fit into all of this? + +If I buy a non productive asset like a phone or something else which I can't buy right now on a credit card, I am ( as explained in the video) taking away from the purchasing power of my future self. It is obviously a very bad deal financially. + +Credit cards are big business for banks and this obviously means that consumers are as a whole losing out on this zero sum game. + +I know you can buy stuff to improve your productivity with a credit card too but 90+% of credit card purchases are not like that. + +This is not a question of whether you should use a credit card or not. I make most of my purchases using a credit card because I know how to not fall into it's traps. + +My question is whether credit cards as a whole are bad for the economy? + +And if so, why are they tolerated by regulators when they are obviously bad for consumers and the economy as a whole? +VTSAX is arguably one of the most famous American Mutual Funds. It covers the total US Stock market for a low expense ratio of 0.04%. This is the defacto index funds Americans choose, and is talked about almost daily on r/investing. + +&#x200B; + +This is different from say, VFINX, which only covers the S&P500 at an expense ratio of 0.14%. + +&#x200B; + +What is the equivalent for the Indian market for VTSAX and VFINX? +https://www.marketwatch.com/story/ending-the-extra-600-a-month-americans-are-getting-in-unemployment-benefits-could-cost-the-us-more-jobs-some-economists-say-2020-05-28 + +Two-thirds of Americans are receiving more money from unemployment benefits than they did from their jobs, largely because of a supplemental $600 weekly benefit that’s part of the $2.2 trillion CARES Act. + +However, job openings hit a three-year low in March, the most recently reported month in the Bureau of Labor Statistics monthly Job Openings and Labor Turnover report. Job openings are expected to continue to dwindle, suggesting that more Americans are unlikely to leave their state’s unemployment insurance program. +What is a bust out? + +In a bust-out scheme, the identity and credit line of a business are used to obtain loans and goods with no intention of repayment. In some instances, businesses are created for this sole purpose; in others, legitimate businesses are acquired and used for the fraud. + +(www.computerworld.com/article/2535189/opinion--bust-out-schemes-are-a-fraud-designed-to-make-you-go-bust.html) + +&#x200B; + +https://preview.redd.it/vdmn9ebpxqe71.jpg?width=800&format=pjpg&auto=webp&s=905e82e9e9d977b28e4cb9442c38e0f8177f851d + +[https://youtu.be/reiq4lEvnEw](https://youtu.be/reiq4lEvnEw) + +In this post I will go over what I believe is a scheme set out by Amazon to capture and kill companies for market share. The scheme involves Amazon identifying a target, and with the help of it’s gang members, Citadel and Bain Capital, it Busts Out the target using it to capture and kill other competitors in the process. + +In this story I will be talking about Citadel, Amazon and Bain Capital, but you could easily substitute any MM for Citadel, any company for Amazon (MSFT, NFLX, etc) and any Private Equity Firm for Bain (Apollo). I am simply using these 3 because they were the parties I have looked at. I guess you could say if you go looking for shit in a sewer, you're gonna find it, and the Finance and business world seems to be a pretty big sewer. + +In the beginning Amazon acquired the competition Legitimately: + +&#x200B; + +https://preview.redd.it/mu6hv7frxqe71.jpg?width=500&format=pjpg&auto=webp&s=01f5f3a42915acfcf31a511fbb7e69cbdd077679 + +Amazon has been known for capturing market share of just about every sector of the retail space, and now has its eyes set on movies, and maybe at one point even wanted to get into the gaming sector. + +Amazon started relatively small, and set its sights on an easy target: Books. + +But, Bezos wasn’t actually interested in just books, he wanted to create a company that was so big and so dependent on retailers that retailers were dependent on it. + +Well in the early 2000s, around the time amazon was becoming known for selling a little more than just books, it also sold toys for Toys R Us and had a few other things on the site, Amazon wanted to branch out further. + +There were other companies that were already successful in the ecommerce world, so instead of starting from the ground up, and taking down their competition, amazon simply acquired the competition. + +Some notable acquisitions include Quidsi, and Zappos. + +**Quidsi** + +&#x200B; + +https://preview.redd.it/sxo777lsxqe71.png?width=200&format=png&auto=webp&s=38f8bc4987aa12803153136cd4719e2f767feebf + +Quidsi was an awesome adversary, they had domains and successful businesses such as Diapers.com, YOYO.com and Wag.com. The acquisition of this one company cost amazon $545Million in 2010, it wasn’t cheap, but it was easier, and likely cheaper than taking on their competition head on. + +Diapers.com was a growing and successful online retailer of all things babies related and even had the first army of warehouse robots, the same robots used by Amazon today (KIVA) + +YOYO.com was a toy ecommerce company, acquiring these guys helped Amazon capture part of the toy market, especially after Toys R Us nuked their deal with Amazon. + +&#x200B; + +https://preview.redd.it/s661o9qtxqe71.jpg?width=311&format=pjpg&auto=webp&s=61b2af80b382b6ef87f87cfb3e2f566d5af2792b + +WAG.com is a super interesting company here...WAG was/is a pet goods supplier. Do you know any online pet goods suppliers? Huh… + +**Zappos** + +&#x200B; + +https://preview.redd.it/ska7cuxuxqe71.png?width=200&format=png&auto=webp&s=82d56aeebcfe32ed73c686207d49faed47cb032c + +In 2009 Amazon acquired Zappos for $1.2B, again not cheap. And to add further injury to insult, amazon couldn’t kill Zappos because the deal left the CEO of Zappos in place and allowed it to operate independently. Take a look for yourself: [https://www.zappos.com/](https://www.zappos.com/) + +[https://www.inc.com/magazine/20100601/why-i-sold-zappos.html](https://www.inc.com/magazine/20100601/why-i-sold-zappos.html) + +Well fuck, if that doesn’t piss off Bezos… + +Acquisitions are effective ways to capture businesses and get their market share. The advantage was multifold, you get a new business, a group of customers and you take out some of the competition. While this process can be quick, it can be VERY expensive. + +Ok, shifting gears a little, let’s take a look at another company; Bain Capital. + +&#x200B; + +Bain capital was started and run by a little known figure, Mitt Romney. Heard of him? If you haven’t here is an excerpt from an article written by The Rolling Stone when Romney ran for President back in 2012 + +https://preview.redd.it/7dgq4fvwxqe71.png?width=547&format=png&auto=webp&s=d7aa8f5740c4b6f529a1f2c4f5ec85f0c582f00e + +Mitt Romney: + +“And this is where we get to the hypocrisy at the heart of Mitt Romney. Everyone knows that he is fantastically rich, having scored great success, the legend goes, as a “turnaround specialist,” a shrewd financial operator who revived moribund companies as a high-priced consultant for a storied Wall Street private equity firm. But what most voters don’t know is the way Mitt Romney *actually* made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America’s top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth.” + +“Instead of building new companies from the ground up, we took out massive bank loans and used them to acquire existing firms, liquidating every asset in sight and leaving the target companies holding the note” + +[https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/](https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/) + +Huh...Kinda sounds like a bust out...SHIT that *IS* a bust out! + +&#x200B; + +https://preview.redd.it/c0ypi7byxqe71.jpg?width=700&format=pjpg&auto=webp&s=e50c7af8891a6bc93942d406153b5e1f117184b5 + +Romney started off with good intentions, buying failing businesses and turning them around, notably Staples. + +&#x200B; + +https://preview.redd.it/8hge4pezxqe71.jpg?width=2220&format=pjpg&auto=webp&s=ad916bd594d8ff133f9d04ae376104a903634e37 + +But Mitt liked to make money, and he soon discovered a new way to make it. A less honest, but faster and more lucrative way. Bain Capital would acquire failing businesses then bust them out. Infact, Bain would use the business itself as collateral for the loan to buy the business, ya, use the business’ own credit to buy the business. This process is known as a Leveraged Buy Out (LBO) + +Once Bain had control of the business, often they would install their own board members and executives, they would then distribute massive bonuses to executives that the failing business could not afford. Sometimes, Bain would use the business’ credit to purchase competitors, as they did with Toys R Us and FAO Schwarz, but we will get to that in a bit. + +Quick example: + +&#x200B; + +[Bain Had it out for toy companies for some reason](https://preview.redd.it/m6tyk521yqe71.jpg?width=416&format=pjpg&auto=webp&s=30ffae76021ba1924ac746b87f2b7ce314752db9) + +Bain Capital acquired KB Toys in 2002 through a Leveraged Buy Out (LBO) under the guise of turning the company around, but this was just a front for their real intentions, you guessed it, a bust out. As soon as Bain had control of the company they issued massive bonuses to executives, bleeding the company of its cash. This would go on until the business declared bankruptcy, KB Toys filed for chapter 11 in 2004, 2 years after Bain came in to “Turn around” KB toys. + +“In February 2005, KB Toys' creditors, including [Hasbro](https://en.wikipedia.org/wiki/Hasbro) and [Lego](https://en.wikipedia.org/wiki/Lego), accused the company's top executives and majority shareholders of improperly providing themselves with multimillion-dollar payments prior to the bankruptcy.” [https://en.wikipedia.org/wiki/KB\_Toys](https://en.wikipedia.org/wiki/KB_Toys) + +Bain Lost control of KB toys during bankruptcy proceedings in august 2005, but the damage was done, and Bain walked away with some money, and some lessons learned. + +**Putting Geoffrey out on the street:** + +&#x200B; + +https://preview.redd.it/quu63ef2yqe71.jpg?width=618&format=pjpg&auto=webp&s=9c45b7321f6d0555c39987537b7968824c360b80 + +Very soon after the lessons learned from KB Toys, Bain went after Toys R Us with KKR and Vornado capital in 2005 by means of LBO...this time with a sharper knowledge of how to bust out the company, and maybe help out newly acquired friends. + +When Bain et al. took over TRU they had a debt load of $1.86B, but for a company of TRU size, that was not unusual. Immediately after the Bain et al. acquisition that debt ballooned to $5B requiring 97% of TRU profits to service the interest on that debt. (Bloomberg) + +Debt made the company, with $11.2B in sales, less nimble and able to navigate the business and finance world. + +[https://www.theatlantic.com/magazine/archive/2018/07/toys-r-us-bankruptcy-private-equity/561758/](https://www.theatlantic.com/magazine/archive/2018/07/toys-r-us-bankruptcy-private-equity/561758/) + +&#x200B; + +https://preview.redd.it/6r6p2icqyqe71.png?width=1110&format=png&auto=webp&s=c11c1767af222158031a1d0167d8808a56b0be28 + +While Bain Capital controlled Toys R Us, TRU acquired FAO Schwarz in 2006. TRU also bought Amazon’s main competition in the toys ecommerce sector etoys.com and [toys.com](https://toys.com/), along with a few other websites babyuniverse.com and the resource site ePregnancy.com in 2009. [https://en.wikipedia.org/wiki/Toys\_%22R%22\_Us](https://en.wikipedia.org/wiki/Toys_%22R%22_Us) + +When TRU was fully busted out and tapped out for cash and usefulness it was liquidated and its parts sold off. It was the end of the massive toy retailer in the US and UK, and the demise of all major toy specific retailers both in brick and mortar and online. + +&#x200B; + +[These companies couldn't care less about the Communities and the people they hurt when these schemes are implemented](https://preview.redd.it/o83lghptyqe71.jpg?width=618&format=pjpg&auto=webp&s=35cb283637324044775436eb4274b68c195c47fe) + +So who benefits the most from this? Retailers such as WalMart, Target, and of course, Amazon. + +**Papa's got a brand new Bag!** + +&#x200B; + +https://preview.redd.it/ekgtnn7eyqe71.jpg?width=960&format=pjpg&auto=webp&s=8c2f9d05ddc90bea2a0b0929d6a11aef5841baad + +This is where I believe amazon discovered a new, cheaper and far more effective way to kill its competition. Upto this point, Amazon had been buying up and swallowing their competition. This was effective, but VERY expensive. + +What if, and hear me out, what if Amazon could use a company like Bain capital to do a take over of the company that had a massive market share that Amazon would like to capture, then have Bain capital busts out that company, using said company to buy up any and all competitors both online and traditional retail then declare the company bankrupt taking down all the competition with it? + +But there is a problem...how do you get Bain Capital to take over a publicly traded company? Hostile takeover? Sure, but that would be EXPENSIVE. Buying all the stock ATM would not only be costly but may also backfire when shareholders refuse to sell. + +Well, what if you could lower the share price in some way that it made it possible to take over the company. How could this be done? + +As we all know, short selling on it’s own can’t really affect the price of a share, but it benefits when the share price declines. Well, what if you’re not truly interested in shorting a company to make money off share price decline. There must be a way to lower a companies share price by increasing the supply of shares on the market...Share dilution? + +&#x200B; + +https://preview.redd.it/h1mh60efyqe71.jpg?width=1024&format=pjpg&auto=webp&s=f9f0f4355be2aba91a978a1b2d3a3ada8227cb8f + +Amazon, and Bain capital are not capable of diluting shares of any company they do not control, so how could they do this to the competition? They need a partner, someone who has access to a share printing machine...but who do we know who has access to one of those? + +**Enter Citadel** + +&#x200B; + +https://preview.redd.it/z99orwzgyqe71.png?width=346&format=png&auto=webp&s=b2847d2d4ac569ea26e78fbbb2eb739d7c11ad32 + +Citadel can create and sell fake shares, driving the share price of a targeted company to the point of either being delisted, or bankrupt, or both. When this happens, Citadel keeps all the money it makes from the short sale, never having to cover their shorts. I think by now you all understand how this works, so I'll leave it there. + +**The Gang Members:** + +&#x200B; + +https://preview.redd.it/ppalxr5iyqe71.png?width=225&format=png&auto=webp&s=681a02b35a3f5754b96557cb41a86803d33d5a2e + +Amazon (The Leader) + +Citadel (The Dealer) + +Bain Capital (The Butcher) + +Washington Post and Motley Fool (The Liars) + +**But now they need a plan:** + +&#x200B; + +https://preview.redd.it/1v7x1c6jyqe71.jpg?width=960&format=pjpg&auto=webp&s=7e4fc5868bcbd421747c018f3ecfcd29be4a72ef + +The Plan + +1. Identify a target **(The Leader)** +2. Install or acquire **inside man** on the board of the company, maybe CEO/CFO +3. Spread rumors about the target though the media **(The Liars)** +4. Create a class action lawsuit against the company +5. Fire up the printers and flood the market with fake shares of the company driving share price through the floor. **(The Dealer)** +6. Company either declares bankruptcy or is delisted from exchange +7. Perform a leveraged buyout of the company, busts it out, acquires other competition to capture and kill, then when the company is so saddled with debt it can no longer stand, kill the company and let the wolves feed off the carcass. **(The Butcher)** + +Job done, Amazon kills its competition, Bain capital makes a pile while busting out the company, and Citadel keeps all the money it made selling fake shares. + +It’s a perfect, foolproof plan, until it’s not. + +Enter GameStop and the Apes. RUH ROH...You know the rest of the story up to this point. + +&#x200B; + +https://preview.redd.it/9ma90tikyqe71.jpg?width=1600&format=pjpg&auto=webp&s=726f009b947c36180bebc4ac65359a74356505dd + +Seems to me the only band member who is going to come out of this unscathed is Bain Capital, they get to slip through the back door leaving the rest of the band holding the bags. + +So what’s my conclusion? I think Citadel is just part of the machine. I believe MASSIVE companies like Amazon, Microsoft, Netflix and others have been using this scheme since the financial crisis of 2008 to capture and kill their competition. I believe there are many moving parts in the plans, and Citadel/Kenny is just a footsoldier, **not** the mastermind. + +There may be a bigger Bowser at the end of this world than we expected, kenny may just be a Hammer Bro. + +&#x200B; + +https://preview.redd.it/hyhp3zllyqe71.jpg?width=650&format=pjpg&auto=webp&s=9f7bc69325422435eb961b9ed8a2d06909a26620 + +As a side note, there was talk earlier this week about AA and his connection to SHF. I think this guy got stuck between 2 worlds. He may have been installed by the gang in an attempt to bust out the company (fits well with MGM purchase). But Apes got involved and now he’s stuck between getting caught as an inside man for the SHF and actually having to be a good CEO. I believe he may be in self preservation mode, and has decided to jump to the winning team’s side. + +**Edit:** I'm just going to leave this here: [https://www.thestreet.com/investing/amc-gets-lift-on-revived-amazon-acquisition-rumor](https://www.thestreet.com/investing/amc-gets-lift-on-revived-amazon-acquisition-rumor) + +Oh, and there is a complimentary story by The Fool saying there is no merger... + +This was an accidental find + +**Edit 2:** + +Bain capital explained by Tony Soprano + +[https://youtu.be/reiq4lEvnEw](https://youtu.be/reiq4lEvnEw) + +This explains what Bain does VERY well + +Thank you to u/[AceoFiSpades](https://www.reddit.com/user/AceoFiSpades/) + +&#x200B; + +**Author's note:** This is a direct repost from a DD I wrote about 2 months ago, before the MILLIONS of share's hidden in offshore puts was discovered, before the connection between Stevie and Blackstone was discovered, before the Assturdnot went to space. A lot has changed since this was written, and a follow-up is likely due. Don't get fixated on the names in this post, but pay attention to the ideas and the methods. You could easily substitute blackstone for bain, and put GS in with 72 and Shittyhell. + +please discuss your ideas, and think freely, cause you know the perpetrators of this massive fraud have thought VERY creatively to come up with these schemes. +I have issues with impulsive spending so I have decided to put any money I plan on Saving into Bitcoin. The fact that it's pretty hard for my to liquidate to my native currency makes it so that I don't convert unless I really have to. So far it's going pretty well even when I have to liquidate I barely lose any money +Hi people. + +Sorry if this is the wrong place, but there doesn't seem to be any proper advise and when I called they said it's closed until Tuesday due to the bank holiday unless you're signing a new claim. + +Break down: + +Girlfriend is from the Philippines but has a Spanish passport too + +Was starting a new job (finished 21st Feb and was due to start April 1st) + +That's now been deferred until start of may (but now worried it might not ever happen) + +She had gone home to see family in-between and is now stuck in Manila + +Still having to pay rent for her place here + +Made a claim for universal credit which got denied because she isn't here + +Was told to speak to foreign and commonwealth office - which essentially told me to get lost she's not English and had no one for me to go to next + +I'm at a loss and wondered if anyone was going through a similar situation. + +Any help would be appreciated! + +Edit: she's been working here for two years and paying tax and NI the whole time for those who seem to have a gripe. I'm sorry I'm not here for a debate just the facts. + +Edit2: Thanks to those who have contributed and appreciate that others are going through it too. I didn't mean to ruffle any feathers when I initially posted this, just in a situation that I thought others might be too and needed help. + +- If you are currently a foreign resident of the UK, but currently resided outside it, you do not seem to be able to claim Universal Credit. I do not know if there any others, I tried contacting them today but they are closed until Tuesday for the bank holiday which is fair enough. + +- The FCO (Foreign Commonwealth Office) will specifically answer to UK citizens and tell you to contact your national Foreign Office. From the looks of it, look to contact all your applicable nations. + +- If you are currently having to pay rent do not just stop paying. You can be sued still. First look to contacting your landlords. One of the comments below outlined a form to contact them: 'Please check out the London renters union 'rent suspension' template. Get your girlfriend to send this to your landlord asap. Hundreds have found this to be successful. Remember you have leverage in this situation. It may even result in a reduced rent settlement in the worst case scenario. it's very simple to understand - your landlord would rather have some money than none.' + +I found an article on Vice that takes you through it and shows someone's situation through it too. Bit waffley but good. + +https://www.vice.com/en_uk/article/pke448/how-to-stop-rent-during-coronavirus + +Another kind redditor suggested Acorn which is a tenants Union as means of information and support. Their website looks to be good too: + +https://acorntheunion.org.uk/coronavirus-latest-information-for-renters/ + +Good luck stay safe! +(apologies for formatting, I am on mobile) + +So I've seen a lot of, what I consider, misinformation in information people have posted about solar and battery installs. So I decided to make a bit of a post about my installation and my experience. + +Firstly, I have a 6.9kWh solar array, 12 panels facing northwest and 8 panels facing southeast (by no means an optimal setup). I also have a Tesla powerwall 2. + +I will start off by saying that the calculation can be very difficult to work out actual savings, this is because I also have an EV and export some of my solar into the car. I have also used electric to warm my hot water in some instances and therefore mitigating gas usage. + + +Onto some calculations: + +The Powerwall. I had the powerwall installed on 01/07/2021. Since then it has discharged 2.69MWh. it has been charged with 33% solar and 66% cheap grid energy. Using 5p/kWh cheap rate and 15p/kWh day rate it works out that is has saved me £314 in that time. That's 271 days, extrapolate to 365 gives an estimated £456/ year saving. +This gives a payback of 17.5 years on the battery. However, that doesn't take into account any increase in the cost of electric. +Using the rates available for a new sign-up onto octopus go. The yearly saving is £684. This brings the break even down to 11.7 years. +The Powerwall warranty is 10 years and 80% power. + + + +The panels: since having the powerwall installed I have produced approximately 2.57MWh of electricity. If I was to multiply this by my day unit rate it gives me £385.50 which extrapolates to £519. With the cost of my solar install this would give a payback of 12.5 years. If I take an increased unit rate of 30p/kWh the. This would come down to around the 6 year mark. The warranty on the panels is 30 years with a minimum power output of 82.5%. + + + + +Now I know the maths isn't perfect because I've not included my export profits, I have also doubled dipped slightly with the power which has gone into my powerwall. But the point I am trying to make is that the payback period, before the price increase in April, was hovering around the 13-15 year mark for the full install. With the price increase in April this is likely to come down to more like 9-10 years for the whole system. As electric prices are likely to ever go one way, the payback will likely also keep getting lower. This calculation also doesn't take into account replacing an inverter (5 year warranty and costs about £600). It's also worth noting that I missed most of the good weather from my data so far and so without a full year it's only a guesstimate of a full years figures. + +A lot of comments I see on here quote that the battery/panels will be broken and obsolete before they have paid themselves back, that is simply not true. And even with a sub optimal solar array, like mine, the payback period is really not too bad. + + + + +Tldr: solar panels/batteries will pay for themselves within the lifetime of the products. +It's an odd situation - my new job is full time, 37.5hrs per week, working solely for one company, and yet I'm classed as self-employed. Obviously this means I won't have employer contributions to pension, NI etc., so I need to sort it all out, as well as my own tax payments. + +The job pays £25k per year, and I can't afford to hire an accountant to help with any of this stuff, so if anyone has any resources I'd be really really grateful. +New article just released shows The Feds have launched a satellite office in Chicago to be closer to the Chicago Mercantile Exchange to access Futures and Options Trading. + +What's interesting is this office is a replica of the Fed's office in New York. + +Now why did they make a replica office? According to, Wallstreetonparade: + +"If the New York Fed was not interested in accessing the futures market, why clone itself in Chicago? That’s very far away from the New York Fed and not particularly attractive to the best and the brightest. CBS News ranked Chicago the 31th most dangerous city out of 50 it ranked in 2020. + +If it’s another Sandy hurricane flooding lower Manhattan or a terrorist or cyber attack that the New York Fed is worried about, why not create a backup facility in New Jersey, like the major investment banks on Wall Street have done? Why choose to clone yourself 796 miles away in another major city that could just as easily be the target of a terrorist or cyber attack? + +The answer may lie in the following fact: just *35 miles away from the New York Fed’s office in Chicago, in Aurora, Illinois, is what is known as a co-location data center where customers can place their own high-speed computers and get faster access to trading data coming from the futures markets as well as faster ability to execute trades to take advantage of that information.* For a mere $12,000 a month, the New York Fed could gain the same advantages that hedge funds have currently. + +Now that the Federal Reserve has made it clear that it’s begun the process of removing its liquidity punchbowl, powerful hedge funds as well as Wall Street trading houses **have launched their own process of shorting the market through S&P 500 futures. The intraday whipsawing, with 1,000-point intraday swings in the Dow Jones Industrial Average last week, strongly suggests that some well-heeled player is attempting to scare out the shorts and create a short squeeze (which sends the stock market back up) when the market is plunging."** + +The Feds are stuck in a hard place and resorting to manipulating the market by squeezing shorts to keep this fake market propped up. + +This may reveal how the Plunge Protection Team operates. + +Source: https://wall street on parade.com/2022/01/the-new-york-fed-has-quietly-staffed-up-a-second-trading-floor-near-the-sp-500-futures-market-in-chicago/ + +TLDR: Shortys are betting on market collapse but Feds playing reverse Uno card and pumping SPY up with giant green dildos sticks. Makes shortys panic close then Futures indices Nasdaq, Dow Jones, and SPY rally for a bull run. + +Exactly like today 1/31/22. + +Edit: u/urinetroublem8 speculated maybe this is why DOJ is investigating shorts because they can't beat them at their game so are squeezing them with Jpow's Printer. +Gavin Andresen is the chief scientist at the Bitcoin Foundation. + + +Where do you see Bitcoin in five years? + + +Do you have many bitcoins yourself? I am assuming you acquired these from early day mining opposed to buying. + + +How often do use bitcoin in day to day life? + + +How much of your time do you spend working on the core Bitcoin client? + + +Could you realistically see bitcoin overtake fiat as the main form of payment / the main currency? + + +How has the publics attitude changed towards bitcoin over the past three years? + + +How has your attitude towards bitcoin changed, did it start as a hobby? It must have become more serious? + + +Did you ever think bitcoin would come this far? + + +http://www.reddit.com/user/gavinandresen + + +i think my ama request in the ama subreddit was removed :/ (for not including public contact details) Gavin can you please do one? i think now is the perfect time for someone with a greater knowledge of bitcoin to do an ama + + ***Here is some interesting statistics.*** + +The population of the Earth is *7 879 275 500* people. Emission of bitcoin *18 659 618*. The price of bitcoin at the time of this writing is $*58528*. Satoshi per person on Earth: *236,819*, which is $138.6 at current price. +Each year, the price of entry into the 1% of humanity that owns bitcoin will be higher and will soon become unaffordable for most of the population. +It is convenient to look at these statistics [here](https://satoshisperperson.com/). + +By buying Bitcoin for $139 today, you will be, on average, richer than the rest of the world's population. Moreover, the amount of bitcoin per person will decrease every day. And you will become richer. + +*The price of one dollar is 1718 satoshi. Let's save this statistic to return to it in half a year.* + +But the here is the most interesting thing: + +Today, **Bitcoin has become the third currency in the world, bypassing the Japanese yen.** Only the Euro and the US Dollar are ahead. Only money is involved in the calculation, in free circulation in the aggregates M1 and M2, that is, all bills and coins issued for free circulation without taking into account deposits in banks and derivatives. + +https://preview.redd.it/c49gyanyddo61.jpg?width=1211&format=pjpg&auto=webp&s=72cbfea269cd96e4085b12f312fe687d6adcdfaa + +In order to catch up with the US dollar and become the number one currency in the world, bitcoin needs to grow only 2 times to the price of $ 120K per bitcoin. + +Who wants a bet that this will happen this year? +I am looking to add EV stocks to my portfolio and hold for notable future. I still think Tesla is overvalued at this point. Is there any other EV stock that is a long term buy and hold? Mullen was a big let down as a friend bought it quite high and is crying right now. Thoughts in rivian and lucid? +Edit: update at the bottom of post + +1st: this entire post is from the perspective that you have the capital available to you on Day 1, and that it’s sitting in cash. It is not from the perspective of you’re earning the cash over time (ex:. 401k contributions over your lifetime)Before everyone, loses it on me immediately, I actually think the psychological gains from DCA are actually worth the average loss you’d take. But it doesn’t change the fact that DCA as a methodology compared to strategy of dumping all your intended investment into an asset from Day 1 is inherently break-even (at best) or a net-loss (at-worst)  - ON AVERAGE. + +**If you start from the assumption that the stock market tends to rise over time, waiting to put money into a stock pick is costing you money.** Sometimes you’ll “win” and the stock will go down over that interval. Other times you’ll “lose” and the price will go up over that interval. But over many stock picks and repeat trials, on-average DCA loses more than it wins (simply due to the first sentence of this paragraph).  + +Now, psychologically, DCA really helps. I can attest from personal experience. Here are the basic scenarios you have: + +* **Scenario #1: DCA & stock goes up during period you’re buying**: + * Psychology: You feel like you made a good pick. You’re happy. You’re not overly concerned w/ the gains you missed if you’d invested all the capital at Day 1 because you’re happy with your skill picking out a good stock +* **Scenario #2: DCA & stock goes down during the period you’re buying**: + * Psychology: You’re a bit disappointed, but you’re also comforted that you didn’t load up on Day 1. Sometimes, you feel excited, even great, that you’re now getting an even better deal on this stock than your original buy price +* **Scenario #3: All-in at Day 1  & stock goes up during what would've been DCA buying period:** + * Psychology: You’re happy. Though not much more happy than if you’d done Scenario #1. +* **Scenario #4: All-in at Day 1  & stock does down during what would’ve been DCA buying** + * Psychology: You’re distraught. At best, upset with yourself that you mistimed your buy and left money on the table. At worst, considering panic selling.  + +As you can see, in both DCA scenarios you feel pretty good about yourself. You certainly aren’t kicking yourself too hard, and if you’re in a hole it feels like one you can still climb out of.  Compare to the “All-in” scenarios, the pain of the loss aversion in scenario #4 outweighs the extra satisfaction you get in Scenario #3. + +**In summary / TLDR:** if we were robots without emotion, and if you’re faced with the decision many times throughout your life (so you get the benefit on “on average”), you would not engage in DCA.   + +&#x200B; + +**Edit after 24 hours:** + +Edit: Thanks everyone for their feedback and interesting perspectives! I just wanted to summarize the main take-aways I got from the discussion. + + +1. Several people correctly pointed out that this is a risk reduction / hedge tool, not only a psychological tool. As with most hedges, this one reduces expected returns. I especially liked u/MorpleBorple ’s likening it to “diversification over time”. Good point, my headline is probably over-zealous. +2. Thanks to u/glavata for providing a Vanguard paper that essentially confirms my post, and lays it out better than I did. [https://personal.vanguard.com/pdf/ISGDCA.pdf](https://personal.vanguard.com/pdf/ISGDCA.pdf) +3. Appreciate people pointing out that 401k contributions week-over-week as you earn money is not DCA by definition. It is a series of lump sum investments. Hence, you’re doing the right thing if you’re investing your capital as soon as you get it like this. +4. **Roughly half of the critics said:** "this is saying to try to time the market, and you won’t have success with that!" That is not what I said, on the contrary, if you want the highest returns on average, don’t try to time it, invest on Day 1 when you have the funds +**Roughly the other half of the critics said:** "This is stupid. If you’re in a bear market you should be smart enough to DCA" +**The irony is not lost on me** that both people who think timing the market is impossible and people who think they can time the market somehow found ways to take issue with the post for exactly opposite reasons (not even to mention that the post that is factually true). +**(In case Kraken is paying attention, the ticket number is: 2057654)** + +I've had a Kraken account for over 3 years now. I have done millions in transactions and have withdrawn hundreds of thousands of dollars over the course of these 3 years without problem. I verified my account up all the tiers, and the bitcoin I received was from legitimate business dealings back in 2011-2012 when bitcoin was worth much much less. + +&#x200B; + +So last week I went to withdraw $200k in cash. Kraken contacted me telling me I need to send them additional tax returns from my business, which I did as proof of funds. Of course since the money was earned 8 years ago, none of this would actually show a proof of funds. (also note I have withdrawn over $700,000 from kraken in the past) + +&#x200B; + +Two days ago Kraken emailed me telling me that they are closing my account and can't say why. They then told me that I have to withdraw the 4 BTC I have in the account as well as the $290,000 I have in my account in cash, but that I first need to purchase bitcoin or other cryptos which I can then withdraw. + +&#x200B; + +Kraken is basically forcing me to buy bitcoin or other cryptos with cash I had in my account since 2017. They are giving me 24 hours to do this. + +&#x200B; + +Meanwhile I have no other crypto accounts elsewhere and I don;t want to risk the price of bitcoin dropping between now and whenever I figure out how to sell it elsewhere. Here's the latest email I got as proof: + +>Thank you for contacting Kraken. +> +>Unfortunately, for security purposes, we cannot disclose the reason for this action. We apologize for this inconvenience.  +> +>Please withdraw your current within the next **24 hours** (from the time and date of this message). **Additionally, we are requesting that the funds be converted to cryptocurrency and the balance withdrawn that way.**  +> +>After the 24 hours have passed, your account will be closed. +> +>If you have any questions, please do not hesitate to respond to this message. Thank you. +> +>Best Regards,WarrenKraken Client Engagement Team + +&#x200B; +“Google said on Tuesday it would stop charging merchants to place products on its Google Shopping search page as it looks to win e-commerce advertising business from Amazon.com Inc and other online retailers, just as they are struggling to supply customers with some items due to the coronavirus pandemic.” + +Do you think it has any chance to work for them ? + +https://www.reuters.com/article/us-google-amazon/google-drops-charges-on-shopping-service-to-counter-amazons-surging-ad-sales-idUSKCN2231UC +Alright you fellow rehtards, I just want everyone to know that this is just day 1. + +We aren’t middle aged dads that are going to get pushed out of our positions to fund some child’s education. No- we are going hold until we can send those children to wherever the fuck they want to go in a new lambo. Or yolo into GME if kids are too expensive in November when the BBBY squeeze is done. + +A quick look at the option chain tells a quick story that everyone is expecting more, much more, $80 more. [Cohen’s Option chain abuse](https://www.reddit.com/r/wallstreetbets/comments/wjdpgh/bbby_look_at_this_jacked_option_chain/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[GME squeeze day 1](https://imgur.com/a/H1vZAjL) +Here is an image back in January 2021 day 1 of the GME golden age. Same price action as BBBY today. (Look at Jan 25 before your blind ass comments) + +My positions: +650 shares at 7.66, +45 $80c Jan 2023 + +Don’t listen to the fake media and fake posts getting 30 awards in the first 5 minutes. We don’t loosen our grip on their nuts while they squak and scramble funds before being margin called. Today was just the first taste while they determine to close their shorts or wait out the storm. Tomorrow we go higher. + + + +I just hope this sees enough so we don’t start fuckin panic selling. But not enough so some other reitard positions and bans me forcing me to do more fucking work on this subreddit. +I've spent the last few months learning about investing and the finance world and here's my due diligence on Palantir. + +[https://docs.google.com/document/d/1ieh7-xYxn0B\_5d7xYB\_VfoQC4r5aT8n7B\_b6BvmKl6c/edit?usp=sharing](https://docs.google.com/document/d/1ieh7-xYxn0B_5d7xYB_VfoQC4r5aT8n7B_b6BvmKl6c/edit?usp=sharing) + +Some key highlights: + +" **Future of Palantir** + +Palantir estimates that the total TAM in the consulting space is $119 billion with the commercial space worth $56 billion with over 6000 and the government space at $63 billion. In the commercial space, the TAM is calculated by the total number of customers with 6,000 companies with over $500 million revenue and multiplied by the annual contract size (around $10 million a year). The government sector TAM includes government agencies that align with liberal democracies in which the U.S government accounts for $26 billion and international agencies for $37 billion and the federal and state expenditure. + +We expect that in the next 10 years for Palantir to: + +1. Expand their reach (currently 125 customers) more customers in varying spaces and industries, more users, and to continue to innovate with developments in AI and how AI is applied to operations. +2. Palantir’s 5 year outlook projects $4 billion in revenue by 2025 and will be creating positive annual cash flows starting in 2022. +3. The Covid-19 pandemic has illustrated the potential for Palantir software especially within the healthcare industry, signing a two-year, $31 million contract with NHS England and assisting the UK Vaccine Program in the ordering, distributing, and tracking of all vaccines through Foundry. Furthermore, during COVID-19, Palantir partnered with hospitals and government organizations to help manage medical supply chains, analyze efficient medical practices, and maximize hospital efficiency in operations. +4. By utilizing Palantir, organizations are able to adapt to changing environments and the operating systems for the modern enterprise give insights into decisions into alpha, pathing into a future leader of the data analytics consulting space. +5. The building and enabling of the software with connected institutions and companies allows for business software integration along with the vertical integration nature of Palantir’s infrastructure. +6. In addition, Palantir’s software creates organic growth and value for companies that allows for individual expansion with individual organizations to accommodate new users, workflows, and can rapidly scale to that of an institution. +7. Palantir to become the default operating system for data across the U.S government following the court ruling in [Palantir vs. U.S Army (2016)](https://www.defensenews.com/land/2019/03/29/palantir-who-successfully-sued-the-army-just-won-a-major-army-contract/), where the court ruled that the Army violated the 1994 Federal Acquisition Streamlining Act and that the Army not conducted research into commercial products, Palantir’s Gotham technology, that was more efficient and cheaper than DCGS-A. Palantir was eventually awarded a ten year contract worth over $876 million over competitor Raytheon Technologies. The controversy was brought to Capitol Hill by Rep. (Republican) Duncan Hunter who voiced the desires of thousands of soldiers in the battlefield. +8. Become a leader in the commercial consulting space, following the increase in the sales force and spending in marketing which plays a major role in an expanding customer base. +9. In both Gotham and Foundry, the “Digital Twin” is effective in upgrading the product such as improving the weapons system and connecting its infrastructure with the company which not only make the company more efficient but better and more competitive. " + + + +\*The Content here is purely for educational and entertainment purposes. I am not a financial advisor. Do your own due diligence and research first. + +I'm open to any feedback or questions. Thanks! +so i made 8k on a friends investment for me. he lent me money. + +how do we handle the taxes? it's an individual account. these are short term trades. edit usa. + +btw i use a cpa normally. +Just out of curiosity. I’ve started to feel the burn a little, but with the latest rates my variable is at 5.2%. + +I always worked off 10% onwards being worse case scenario where I’d probably have to sell, and obviously no one knows where the rates will go, but just wanna see what is the rate for most people that if it gets to would see them in financial hardship? + +Thinking of moving into a rental and just renting out my place so at least it will be investment and the higher interest somewhat deductible. Anyone in similar boat? +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. +Edit: Seeing a ton of controversy on this. Remember apes, its fine to call him out on his bullshit stock related stuff, but threats and straight up distasteful stuff said to him is only going to make the public think we are a bunch of psychos. Like it says in our daily news. KEEP IT FUCKIN CLASSY. + +Edit: Also, the more we engage with him, the more traffic Jim will see. We need him GONE. Irrelevant. In order to achieve that STOP responding to his shillbait. TIME = MONEY. The more traffic you give him, the more money he makes. Simple as that. Let the pig bleed out on his own. + +Yo i totally understand how its cool to rip on jim, but once a person asks you to stop, and you continue, its harassment. + +Stop pumping up Jim like he's a big player here. He's irrelevant, and you're wasting time actively seeking out and being rude to him, that could be spent buying GME. + + APE NO FIGHT APE. + +This also means being responsible, and caring, and accepting of all EVEN NON APES, unlike the current people in charge! We want real change, and that starts with being good to others! + +Jim has definently been a FUD guy this entire time, but we need to remember hes also a human. Unlike Ken, his entire world and financial career doesn't revolve around this squeeze, so what he says and does, doesn't really have any kind of value. + +Just my opinion, but I really hope my fellow apes can put hate aside, and focus on what matters! +To both vets and baby apes alike, congratulations! There's no denying that today was difficult, but just remember that all they've managed to do by attacking this stock over and over is prove the MOASS thesis. This is a huge money sink, one that they can't afford, and there'd be no purpose to doing what they're doing unless they absolutely have to. + +Baby apes: you earned your diamond hands today. You can be proud of this, becuase there's a hell of a lot of paperhanders out there that didn't. I want you to know that when vets tell you about the crashes earlier this year, and how they were bigger, they're not doing that to minimize your experiences. Massive dips like these are stressful. It's okay to feel anxious and worried, but trust in the process, and results will follow. Know that for standing strong, you have my respect. + +Vets: business as usual, yeah? Props to Kenny, not only did he finally get us under the exponential floor today, but he probably triggered more buy orders during today than any other single day! + +They're sooooooo fucked. + +You didn't sell during the january crash. You didnt sell in March. You're not selling now, that's for goddamn sure. + +Keep fighting the good fight everyone. We are winning, and they win when they make you forget that. + +We can do this all day, we're too retarded to do anything different. +I'm australian (concreter by trade) and just started running my own home and property maintanence business. In the first 2 weeks I've made as much as I would have in 3 weeks working for a boss. + +I'm wondering if any one here has achieved FIRE from while being in the construction industry. (Not management) I'm talking business owner / or on the tools. +Can someone explain how this works? +So say for instance I'm staying within a complex and the rent is $1000 and goes up yearly + +1100, 1200, 1300, 1400, 1500 etc... + +At what point does the rent stop increasing? As in would we ever have that same unit eventually reach 3k or more per month? + +I don't understand because it's not like everyone gets decent raises yearly or everyone is at the top of their companies. + +Low income you practically need to work a part-time job to qualify. +Sweden's largest broker refuses to help us transfer X-XXX shares to Computershare. + +&#x200B; + +I talked to ComputerShare this morning and they said they can not help me with the transfer however they said that Avanza (the broker) works with an American broker who has the tools to do so. + +&#x200B; + +When I called Avanza, they say that it is not possible at the moment but maybe in the future... + +Do your thing guys... [https://twitter.com/avanzabank](https://twitter.com/avanzabank) +This beautiful ape [u/Carborundum\_](https://www.reddit.com/u/Carborundum_/) create this post [https://www.reddit.com/r/Superstonk/comments/q8l0u6/etoro\_will\_consider\_transfering\_shares\_if\_enough/](https://www.reddit.com/r/Superstonk/comments/q8l0u6/etoro_will_consider_transfering_shares_if_enough/) + +&#x200B; + +https://preview.redd.it/l99akzv392u71.jpg?width=699&format=pjpg&auto=webp&s=a2fe025e9628052a5b9ce5c2bb154c1d457e5979 + +u/[CharltonnBreezy](https://www.reddit.com/user/CharltonnBreezy/) created the template! + +**HOW TO SEND AN EMAIL TO ETORO** + +* Link to open a ticket + +[https://www.etoro.com/customer-service/](https://www.etoro.com/customer-service/) + +* **Subject** : Transfer my GME shares to the agent Computershare +* **Email template:** + +Hello there. + +I and many others would like the option to transfer our shares to Computer Share via DRS. As a user in your company and a shareholder, I believe it is my legal right to do as I please with the shares I've purchased and for you to hold us in your custodian agreement. I would like to know if there will be a statement by eToro on transferring our purchased shares via DRS? + +Is there anything you can tell me about the possibility of this in the near future? + +If this cannot be done, please state why in writing so that I can seek legal advice as I am serious about my shareholder rights. + +Regards, + +&#x200B; + +https://preview.redd.it/may7jbnr82u71.jpg?width=1011&format=pjpg&auto=webp&s=c71df6656813da29b1946590476daec270a3f482 + +If we have the same impact as the moment of voting in the shareholder meeting we can finish with KG games! + +I'm reposting this because almost nobody saw it. +For a while Charles Payne and as of recently Liz Claman have been on Fox news seemingly defending/supporting Apes. Going as far as to even bring on guests and experts on the subjects talked about. Not to get too political but I never thought I'd see the day when Fox news starts telling real news and listing cold hard facts that most Apes will agree with. + +Seems a bit fishy right? Why fox news? + +Enter: Anne Dias-Griffin. + +Wait, Griffin? Sound familiar? Yes. Anne Dias-Griffin is Ken Grffin's ex wife. The same one who was on the receiving end of a bed post. The same one who has a dis-taste for the "unsophisticated" of Chicago. + +What does she have to do with Fox news? + +SHE IS ON THE MOTHERFLUGGIN **BOARD OF DIRECTORS** FOR FOX NEWS CORP. + + [https://www.foxcorporation.com/management/board-of-directors/](https://www.foxcorporation.com/management/board-of-directors/) + +She works with a guy by the name Rupert Murdoch. Ever heard of him? CEO of Fox News. + +**Tin Foil hat time.** + +We live in a small world Apes, and this is one instance of that. Anne Dias is helping run Pro GME news hit pieces on Fox news and having anchors support retail investors in order to stick an axe in the back of Kennifer Mayo-Griffin. +Hello everyone, I had a feeling that I need to talk someone. I felt this group is the most closest to me, so I decided to write here. Overall I love you guys so much, I know we have not meet each other yet, but still love you guys and wish the best.. +I drive around 1000 miles a month for work (excluding commute), sometimes 1500. My company pays a dismal 30 cents a miles, and it's taking a toll on my car. What options do I have outside of a new job? +[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/) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I left a job over a year ago and completely forgot about my 401k ( keep in mind it only has about 4 thousand in it not a lot ) So today I called and with drew it. I figured it’s only 4k ( I will lay the penalty fee only $400 when my taxes are due , I don’t pay state tax my state doesn’t have them. And federal was only $700 ) and i dumb for doing this? Does the penelty fee only apply to the 4k or to my entire income? +I posted this question a while ago for us to discuss, but the thread was locked for a few hours while the mods determined if it was applicable. I would love to ask it again so we can have a better discussion. + +So that you can try to become FI more quickly it's important to use the money you have wisely. But what about your cash? Excluding your emergency fund how much cash do you keep and why? + +Reasons I can think to keep cash: + +- form of security eg less volatile +- having cash for possible future investments etc +- saving for investment property + +What is your logic behind the cash you keep and how much do you keep? + +By cash I don't mean physical money I mean money not already in investments etc - money that is liquid and accessible. +Hey guys you might know me as the guy that drove to Manassas,VA to leave a Gupta shrine at Micron’s plant. In the following months I proceeded to lose everything on Micron calls. + +I decided trading wasn’t for me and left to follow my dreams investing in real estate. Wholesaling houses to flippers and investing in my own single family +homes and multifamily properties. + +I am happy to report that I am failing at this also. Carry on. +As we see the efforts of 2x evaporate we need to come back together as a community. If this doesn't provide everyone in this community a valuable lesson, it's that Bitcoin needs community consensus. Being divisive with political rhetoric doesn't help scale bitcoin and neither do these "signed agreements". + +We need better tools for measuring consensus that extend beyond miners signaling or companies signing agreements. These obviously do not reflect consensus at all. Otherwise we're going to keep repeating these upgrade battles. + +I hope companies have learned their lesson in supporting these forks that have wasted resources they could've been using supporting Bitcoin. +At some point “only invest what you can afford to lose” becomes a difficult consideration. I’ve got a good enough income to live month by month, but want to keep investing my monthly excess. + +Obviously it’s a scary consideration to invest in Bitcoin only, as the total amount I’ve invested is steadily growing. + +What do you people do - and why? +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. +Today was the final nail in the coffin for my learning process and journey of becoming a trader. I KNEW today was going to be a low volume day and no major catalysts were in play. I was prepared to not take any trades at all. I had an amazing pre-market routine and meditated for 10 minutes. I kept chanting to myself things like: + +* "I will stick to my trading plan" +* "will only risk 1%-3% max risk per trade" +* "I'm prepared to lose and be a better loser" +* "I will cut my position when my trade thesis is invalidated". + +Market opens, I see that first big green candle and break of pre-market high on SPY and TSLA and other names. I open not only one, but multiple simultaneous long positions on NVDA, SPY, QQQ, TSLA and AAPL, anticipating a big rally. Few minutes in, things were still consolidating. I kept sizing up (idiot). + +Around 10 AM, the low vol reversal happened. I was very calm. All my stops were breached. I didn't have an automatic stop as I usually do (idiot) and I kept adding to my contracts in a very calm and detached manner. I was very confident that a huge reversal was coming (similar to 6/23). + +I blew my account 🤡. It was a small account anyway. It had around $3k remaining after being already down 50% YTD. This is the second account that I blew. I'm going on a camping trip this weekend to detach myself from everything. I'll probably take a long break and then start paper trading for a few months or just focus on my career and forget about trading for a while. +Love to hear everyone's thoughts over the next few weeks concerning HFT, REG NMS and other issues covered by this book. I'm 50/50 on the issues, I've been telling people since around 2007 how regulation and technology has changed drastically, affecting even the simplest small retail order flow. But I have also seen markets become more competitive and transparent. (I was close to this, I worked at an exchange). +Originally from California, over past couple years I spent time living in NYC, Boston, Chicago, LA, Bay Area, and about 10 different countries across Asia and Europe. + +There were some distinct aspects I liked about Europe namely the great public transport, it was quite aesthetic, less obsession on work culture (lower salaries too, but that didn't affect me). Obviously my hometown is where my heart is so I would go back and visit often and see parents, but I kind of disliked how exorbitantly expensive California would get. I looked at homes there in the low 7 figure range and they just weren't used to the standard of living that I was used to abroad. There was also sometimes shocking levels of hate-crimes or general violence that I would read about in the news, sure some of it is sensationalized but it just seemed weird that you could have a 5m condo in SF yet still have drug addicts on your doorstep. BTW I enjoyed how rehabilitative a lot of European cultures are, rather than being punitive like the West is. Politics in the West seem crazy and out of control. That being said there are obvious downsides to living in Europe and potentially raising a family there, namely less individualism (which has pros and cons) and other things that I don't really feel like typing all the way out. + +Currently I split time between the States and Europe/Asia, 3-6 months or so in the States. I am thinking of getting a condo there so it feels more permanent. I eventually would like a forever home and a family, but moving around so much kind of inhibits that goal. On the contrary, I find it hard to commit myself to getting a place in the US. Sure I am homesick sometimes, but a lot of my US friends talk about how I have become distinctly European with a lot of my values. + +Wondering if others have been in my shoes before and have advice. Thanks in advance. +Why did the stock market just sink in the last 30 minutes? I am looking for articles or information but I can't find anything, is there a place to get information like that asap? Thanks! I'm just so curious as to what makes the market slump instantly without there being any information out immediately, like how does that happen? I really hope that this is not considered a low tier post I just want a simple answer though. + +Edit: Slump not collapse I meant. + +Edit: to clarify, I'm still up for the day, and I'm not worried, I just want to know why it suddenly slumped at almost exactly 12 and where I can get up to the minute news about the market. +How do you experienced investors reconcile these two pieces of advice. It feels to me they are contradictory, in that the first advocates waiting for corrections to buy while the latter advocates getting your money in right away. And if you follow the second, you wouldn't really have money available to buy during downturns. + +Now, I'm not saying that what we've seen over the last couple weeks and months is really 'Blood in the Streets', maybe more like a bad paper cut. But the contradiction still bothers me. Thoughts? +I saw posts about Apes contacting the authorities and decided to become a part of the solution, instead of sitting and waiting. + +I called my representatives office(5th Congressional District of Florida) and explained to their staffer what is happening with Gamestop's recent corporate action and how communications with brokers and the DTCC have revealed that the corporate action has been handled in a fraudulent way and not how the corporation explicitly stated it to be handled. I told him that I am an active duty service member(I felt cheesy doing this, but I think it could have a powerful impact on how my case is handled internally). He was very nice and sounded intrigued and he asked if I, "wanted this issue to be brought up to the representatives financial enforcement folks", to which I said, "absolutely." I then left them with my @mil email address to follow up on and to send documents once they reach out. + +Anyone care to provide me with some of the more pertinent documents that show the DTCC is intentionally mishandling the splivy? I have some of the Fudelity chats, but if anyone has anything else I would appreciate it. + +YOUR TURN! DO. NOT. SIT. IDLY. BY. WAITING. FOR. WHAT. YOU. DESIRE! + +MUCH LOVE ❤️ 🚀 + +Edit 1: https://www.house.gov/representatives/find-your-representative + +You can keep it short and sweet like I have, or write out a more detailed tirade, but dont be shy! GO FIND YOUR REPRESENTATIVE AND GIVE THEM A CALL! "DO IT!" -Shia LeBouf + +Edit 2: As requested.. https://images.app.goo.gl/iPG9tm68DoEtyfA66 +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. + +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +# This post was [Inspired by u/nifFIer](https://www.reddit.com/r/financialindependence/comments/px5hks/85_years_of_tracking_collegegrad_school_working/). + +I really liked the format and discussion so I am going to copy it best I can. + + + +# Summary of Family: +**Self** – BS/MS Statistics with a math minor, Master's in Analytics (in progress). Data Science at tech company $105k Salary + 20K RSU = 125TC, college paid for by financial aid at the undergrad level and I am sticking my employer with the graduate school bill. + +**Spouse** – I have a partner but we are not married so I am not counting their income and net worth. + +**Dog** – A 4 year old Dog (Kibble salary) +We rent an apartment and drive cars that we both bought for ourselves on the down-low +<br> + +### Disclaimer: +[Admittedly, I do not have as much data as the OP of this post. At the very least not as much documented. However, I did start using YNAB in 2020 so I do have some very detailed and granular data that I will share instead in addition to some charts here and there along with a deeper dive into my expenses and saving ratios.](https://imgur.com/a/Dqr9VpQ) + +## **Growing Up** +Mom is a high school drop out who is illiterate and cannot read or write. She dropped out of school to help support her family of 7/8 growing up since grandma had kids without much thought on how they would manage. As such, mom was very traumatized from her childhood and as result she made some poor decisions in life. For example, she got prego at 17 with me and my biological dad was big time drug dealer with a house in Cali. However, they got busted and she got locked in a mental hospital cause she snapped. She got let out early due to lack of funds. Emotional abusive, gaslighting, physically abusive, and neglectful was how I would describe our childhood but that is expected given her background. My mom would then proceed to threaten to harm us, herself, and others while she was with other drug lords. It was weird since when she could find someone to give her money we would have tons of it! She would spent on really expensive designer clothes and nice cars and beauty products and of course on 10 year olds wearing A|X and burberry. However, once the drug lords left for a different women and/or had a kid with my mom, we would be broke. This is why I think I am such a good saver. I know whats it is like to not have money so I am grateful when I get it. There's a whole can of worms here so I will just leave it at abusive, mentally ill parent did her best to care for us but could not impart any good financial advice or help. Ex. her advice for me growing up was to make sure when you get the credit card bill always pay the min + 20/30 dollars more which is on the right track but will lead to always being credit card debt. + +## College/Grad school (2016-2021; 2022-): +My story will diverge a little from OP's since I went to grad school after I got my first real job. However, I can speak on undergrad in the same manner. I initially went to school to be a doctor but did not want to major in bio or chem so I went chemE so in case I did not want to be a doctor/did not like it, I would not have a useless degree. My grades were pretty darn good, but after my first year of ChemE specific courses I realized I did not want to be a ChemE so I pivoted to Material Science and Engineering. I got an internship at a manufacturing plant. Unfortunately no 401k benefits or anything like that. I did not use reddit so I did not know about the power of the Roth IRA so nothing was contributed there but I was making 15/hour plus they paid for apartment and living expenses except for food. During my internship, I realized I actually did not like what I was doing for the most part but I did really enjoy the statical work that we did. So with that knowledge I switched majors and added a minor since my school required it/ more or less. I graduated with honors in 2021 without any additional internships since at that time I was focused on getting out before my financial aid ran out since I basically wasted 2 years. If I could do it over, I would have double majored in comp sci, stats and gotten as many internships as I could to try and break into the BIG tech companies but hindsight is 20/20. + +## Working Full Time + +Salary History (COL Index: 94.8): +$65k (Half 2021) -> $125k (2022) +Unfortunately not a whole of data here but I can elaborate a little. I spent part of 2021 in a consulting gig as a "data scientist/analytics" but we did not do jack shit. All we did was tell companies how they can use data and maybe come up with data dictionaries for them. It was easy af money but I was unsatisfied and one of my friends was looking for jobs and I was like shit might as well join them. I randomly applied to a company that ended up being a tech company that took a chance on me and I have been doing pretty well. You wont see the full 125 K in the breakdowns because I only have made that money for less then a year PLUS my RSU have 25% cliff vesting schedule. I did not reach out to any of my family since they are all Fucking crazy. Wont get into unless asked to in the comments but the metaphor I would use to describe them is that they are drowning from trauma and if you get too close to a drowning person, they **will** drown you too. So, I was able to focus on work mainly and my partner. My current role is not very stressful but it is not as interesting as it could be but it pays fairly well. My manager is nice and chill and like them but they seem a little scatter. I have been thinking maybe Machine Learning Engineering would be more interesting and challenging but I have not decided if I care enough to switch jobs. + +## Adding this: FI Stuff +I contribute 6% of my salary to my 401K since employer matches up to 6% and all of that vests on day 1 which is giga chad move. +I max of Roth IRA while I can. I do VT and chill for that and S&P Index for 401k. I also do 20K a year of ESPP since I get 15% discount so I plan immediately selling and printing an extra 2/3K a year like that. + +My work does have a HSA, but I cant use it. Why you may ask? Well, therapy is expensive and I need a lot of it. All the in network providers are not able to treat me effectively since I am on paper I seem perfectly fine. but emotionally I am mess. I did find someone but they are out of network but they are goated. Dude went to Harvard and has many YoE, and teaches the trauma class at my former Uni (I think) so he is very well qualified and the only dude who can see past the barriers I create (subconsciously he/I may add). I had gone 4/5 different people and nothing. However, since they are Out of network, it cost a shit ton to go see them so it does not make seen to have a HSA. I am on tract to get OOP for my plan so my future sessions wont be so expensive. They are 180 a session 2x a week. + +Once I am "cured" I will absolutely max out that HSA but who knows how long it will take to heal generational, racial trauma so fingers crossed lol . + +## Life, and where we go from here: +I am planning on graduating from grad school in about 2 years. By that point, I should be a senior data scientist at my current company. My coworker with similar education and YoE background has a base salary is about 170K so with RSU probs pushing 200K. By that point, if I am not at the position/salary I will job hop to that somewhere else since I will have had 5 YoE plus relevant BS and MS degree. My partner is pro FI but they are in much lower paying field (nursing). However, it should still be good enough and I love her very much so I am not planning on leaving her for not being able to mirror my income. We have lots of goals such as owning a home in a very nice trendy city like Denver, Austin, NYC, LA, Seattle, or Chicago. As such, we will need our incomes to rise so we think we need to eventually switch to management for our careers. We do share interest of traveling to Europe, Australia and maybe parts of southeast Asia. + +I have been reconnecting with my sister and brother recently since I am in a better place mentally and financially but they are a bit of mess. They are high school dropouts and both had kids sub 18 just like my mom and work lower paying jobs. I try impart advice IF they ask (I will not infantilize them) but mostly I just try to be the big brother they could not have since our childhood was so messed up. I do not think I want a relationship with my mom but my partner's parents are wonderful in comparison so we all talk like I am the adopted kid anyway. I was there for every major holiday as soon as we started dating since they saw I had no family to go to for Thanksgiving or Xmas. My partner and I split bills based on equity meaning if I make 2x as much as her, I will pay 66% of the rent or any really big bills. We love going to trendy, upscale food places and spending money on experiences + +## Inspiration: + +Honestly, I want to thank all the teachers I had as they were the closest thing to a safe, stable place to exist and probably helped in someways push me towards the path of education out of poverty. I also want to thank this online community. I have learned so much about investing, and use fancy words like Roth IRA, HSA, ESPP with other people to explain things that were completely unknown to me. Part of me wants to give back to the world but unfortunately the world is getting more and more expensive. I hope to do this again in a year with more data and more updates on where I am in life. Hopefully with an upgrade from partner to spouse. +Hello, my first post here. Was just looking at some 2022 calls for something like AliBaba. Right now the price is hovering close to 300, but what if it hits $2,000+ in 2022? Will 2022 calls I can buy right now for $40 even be available to be sold? Looking at WeBull you'd never see a $200 call listed if the price is $2,000+. + +But I guess at that point you can just exercise it if you had the money; But how would you sell the contract if you wanted to? +Reference: +How to Fight Amazon (Before You Turn 29): Lina Khan has a novel theory about monopolies—and her sights are set squarely on the company. + +BY ROBINSON MEYER +The Atlantic - JULY/AUGUST 2018 +https://www.theatlantic.com/magazine/archive/2018/07/lina-khan-antitrust/561743/ + +--- + + +"About 44 cents of every dollar that Americans spend online go to Amazon." + +"First, Khan says, Amazon has been willing “to sustain losses and invest aggressively at the expense of profits.” This isn’t a controversial assertion: Amazon has posted an annual profit for only 13 of the past 21 years" + +"Second, Amazon is integrated vertically, across business lines. In addition to selling stuff online, Amazon now publishes books, extends credit, sells online ads, designs clothes, and produces movies and TV shows. It is also one of the world’s largest providers of cloud storage and computing power." + +"These two practices—predatory pricing and integration across business lines—may sound normal. But under old readings of U.S. antitrust law, they are illegal." + +"And then, in 1978, a Yale Law professor named Robert Bork promoted a clean new theory of antitrust law, inspired by the libertarian Chicago school of economics. + Bork decreed that all antitrust suits should be judged by one question: What will most lower prices for consumers?" + +"And predatory pricing? It is “a phenomenon that probably does not exist,” [Bork] wrote. The Chicago school, he said, had proved that companies would always pursue short-term profits over long-term growth. Amazon’s history seems to belie this claim." + +" ' When a company comes to monopolize a market—when it grows so big that it can threaten other industries just by entering them—it ceases to be merely a company. It becomes an institution so powerful that it can rule over people like a government. That was the insight of Brandeis,' ” [Khan said]. + + +--- + +Further reference: +Amazon's Antitrust Paradox +Lina M. Khan +Yale Law Review - Volume 126, No. 3 - January 2017 +https://www.yalelawjournal.org/note/amazons-antitrust-paradox + + +I'm really interested in a lot that is way over priced. The lot has been on and off the market for 6 years. About a month ago I made what I thought was a fair offer( but still way off asking) that the seller rejected and said they would only accept full price. I wasn't interested so I moved on. + +Less than a week later I noticed the lot was relisted after being taken off the market and was reduced about 8% (still over priced). After some back and forth the seller said he would accept about another 8% off the new price (still over priced but I liked the lot enough to consider it). + +While I was considering apparently someone offered full price I guess without realizing why the lot was over priced. After less than a week the other buyer backed out once the realized it was over priced. So I then offer the price the seller said they would accept and they declined saying they think they can get a full price offer since they got a full price (even though the other buyer very quickly backed out). + +I have my doubts anyone will buy this lot at the asking price. How much time should I wait before I should offer again. I'm not hurry so I can wait as long as needed. +So some background context; I have as few qualifications as any really after having to drop out of college after 18 months to help my single dad pay rent. As I result, I took a job back then as an 18 year old and spent nearly 7 years working for one of England’s biggest supermarkets, flashy I know. In 2013, I moved out to live with my other half and we got married in May 2017....we split up in August 2017 after she cheated on me and i’m still paying off the wedding. + +I took a new job, still only low level employment, in December 2017 shortly after renting a room from my friend’s mum, he still lives at home. I stay there for a year, everything going relatively okay but I know maybe not sustainable. Friend’s mum asks me to move out because her daughter’s in trouble and wants to move home. Fine, I know how important family is to people. So January of this year, I move in with my grandparents (at age 26, this alone nearly caused me a breakdown). In February, my place of employment burns to the ground. + +Now I will singing the praises of my former employer. It is bog standard shit warehouse work but the training, attention of health and safety, pay, treatment of staff after the fire, all absolutely phenomenal. Workers didn’t work for 5 months, yet received full pay. Anyway, it’s now at the point where i’m now officially redundant and unemployed, my last paycheck is this Friday (and it’s not a full one). + +I’ve been looking for shit bog standard work anywhere for about 3 weeks and it’s either rejections or i’ve not applied because of crap pay or I know how they operate. I’ve even been on with an agency who got me work somewhere but I did one day and packed it in because it was a shambles. I’m finding it so hard to want to get up and get work but at the same time, I feel like i’m being snobby over my options. Partly because my last job treated me so well. But then i’m about to be on my last legs in terms of money. + +I pay my grandparents £350 a month rent. I pay my (to-be) ex-wife £100 a month on a loan we had. I try to pay £100-150 towards my Paypal Credit account which i’ve used for big purchases in the past (£550 remaining). My two other personal bills make up £110 so total atm, i’m £750~ a month in bills. My next and last paycheck from old employer probably covers that but then I do nothing for a month. I have spent weeks, months in a bedroom almost weeks at a time and I just can’t see any hope in a future. Like how do I recover my life from here? + +26. One failed marriage, no qualifications, no good employment history, living with family, no savings, no hope, no will to live at this point. What future do I possibly have? I just can’t muster up any emotion to care about living anymore. I’d rather kick the bucket than face my future. +What is your personal comfort level for your net worth in the company that you work for? Especially curious for those whose stock is illiquid or only occasionally liquid. +Hi everyone, throwaway account here. I'd love to hear from anyone that has experience with managing large family wealth into the second generation of older children and their families. + +I am in my 40s with a young family and have a siblings in similar positions. Our father made a lot of money, retired 10 years ago, and is now worth a few hundred million dollars. His expressed wish for us was to enjoy our lives and work for pleasure not money, since his money will be ours, and that he doesn't want us to wait until he dies to enjoy life. Each of us took our own course (I started and sold a few companies, siblings don't work), and for the last few years as our lifestyles became more expensive he has been giving each of us money on a semi-regular basis. + +We have some mechanisms that are working, for better or worse, in making decisions on how to invest as a family. But for withdrawing money from the fund, it essentially comes down to asking for it from our father. There's a lot of emotional baggage for everyone attached doing that, mostly guilt. I'm wondering what structures people have in place in a similar situation? + +TL;DR: Family fund, will be passed along as inheritance one day, how can grown children start enjoying some of the money today before the parents die. +Have the ability to invest (on a fee free / carry free basis) in the latest fund my employer is raising. + +I have heard from a number of people in the space that banks offer leverage to employee co-invest in funds (either at an individual level or at a employee co-invest feeder fund level), but none of my contacts are involved in setting that up and thus don’t know who the providers of leverage are. The ability to get 3:1 or 4:1 leverage on a ~2x moic fund (and with no personal recourse) would make the investment that much more appealing to me. + +Given this community’s background, was hoping to be able to pick y’alls brain to see what people’s experience has been. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Hi, + +I am not au fait with UC and my friend who is employed on a zero hour contract has asked me about it but I wasn't able to answer. He has been fortunate recently to have a decent amount of work up till now to keep him going but his employer is running out of work for him to do. He might need UC as a contingency in case something happens as an automatic safety net because the coronavirus situation has made things bleaker than expected and he might find he will have no work left at the end of February. Therefore I ask is it possible to be on a zero hours contract and be able to get support from UC should his employer not have work for him and not eligible for furlough? + +If someone would be able to direct me to some official information on this that would be great too! + +Thanks in advance. Apologies the question may seem a bit fragment on the explicit details but I am only acting as a conduit as he's a bit computer illiterate. +Hello, I'm very new to bitcoin and that's exactly why I'm here writing this. Based on the preliminary search I made on this sub you guys don't have much love for Circle but they did a great thing for bitcoin last week that I thought you should know about. + +Last week was an event called CPAC, an annual event for the American conservative base to hear from and interact with Republican and Libertarian politicians. I worked at the event staffing a governor which brings me to the point of this post. In the speaker lounge, a room only for the politicians, media heavy hitters like Sean Hannity, and the respective staff there were [these cards](http://i.imgur.com/jsymURH.jpg) on every table. Even a wealthy politician will take a look at and likely pickup a $5 bill they see on the ground and quite a few were interested in the card and, perhaps more importantly, their staff were as well. After figuring it out myself I helped a dozen or so people in the room get set up on Circle, add $5 to their account, and showed them how easy it was to transfer funds from one account to another. + +Whoever thought of putting those cards in the room was very smart. It helped more policy makers understand Bitcoin in a way that no congressional hearing or YouTube video could. + +Now, one quick question, why does my account address change on the app? Wouldn't it make sense for that to be static? + +Edit: exploring Circle led to exploring other things like Stripe, ChangeTip, and Coinbase +I'm really not the best cook or even moderate. But with food intolerances and trying to budget better since food usually kills a lot of money. I'm getting better day by day and I'm surprising myself with the amount of things I'm cooking on the stove. Even if it's just some simple frozen food. It also makes me think wow if I knew this year's ago. How much healthier I would be and much more together I would be lol. + + +But yeah I need to start venturing into cooking chicken, steak, beef and all that. For the most I've just been doing like burgers, sausages, and tried tofu lol. I've avoided chicken because with my amateur cooking skills. I'm afraid I would get myself sick if I don't properly prepare and cook it right. + + +I remember as a kid cleaning the chicken was something I seen that was done. But I think I hear nowadays with advancement in things that people don't actually need to clean their chicken anymore? Because if so I'll give it a go and be less worry about things like cross contamination and salmonella hopefully. + + +Also I need to cook chicken because it's a more healthy meat. Rather than messing around with al the processed meats and what not. Anybody have any good meal suggestions with chicken for a newbie? Probably won't buy any chicken this week. But I think for sure next week I'm going to give it a go and hopefully don't mess up and get myself sick. +This is getting more and more insane. Many of us were aware that not our keys not our crypto but put some of the funds in these “trusted” apps for interest as they promised with their protocols, safety measures, insurances and were trusted by “respected” people in the industry. + +Since the whole thing is not regulated does this mean everyone’s money is gone? + +I know it was a mistake but what can be done now? + +p.s, how is SBF not arrested yet? It’s the biggest fraud of at least modern history and he was openly tweeting about being a fraud. +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. + +I’m looking to start buying stocks, I’m 18 and thinking of investing £100 each month into the S&P 500 as everyone recommends it for its safety and long term decent ROI. I’ll be wanting to do this through a stocks and shares ISA so I’m not getting taxed. The last post I could find on this is from a year ago and a bit vague for details, so I’m just wondering if anyone could give me some advice on what app I should use for this purpose? People have recommended Hargreaves’s for their customer service and easy to use interface, and I’d be able to open an ISA through them which is very easy from what I’ve seen, but apparently they charge £12 per transaction which seems like it would add up over time especially with my relatively small investments. I’ve seen free trade recommended too but I’ve seen on some YouTube videos that they’re unstable and it’s probably not best to invest through them though I’m not too sure why? I’ve also seen trading 212 recommended as it’s the cheapest apparently but they have a waiting list or something? And I’m not sure if I’d be better off just taking the hit with Hargreaves’s for ease of use, so thought I’d ask here and see if anyone had any advice first. Any help would be greatly appreciated, thanks. +I've been watching my Maintenance Margin balance and Excess Liquidity to make sure I'm not likely to get a margin call. Apparently I didn't understand it right. Yesterday I had Excess Liquidity of $3,500. At 3:40 I got a warning from IB of a potential liquidation. Since I had plenty of Excess Liquidity I figured I was fine. At 3:51 IB liquidated shares of long stock to cover a negative SMA. + +Not a big deal, as it was 3 shares, and I was up $1,300 yesterday, but I don't understand the difference between SMA, Excess Liquidity, and Buying Power. I'm also confused how I got a margin call as my positions were increasing in price, but I wasn't taking anything out. + +At 9am today, IB is showing I have Buying Power of $18,000, Excess Liquidity of $4,500, but SMA of $900. + +I'm not understanding the articles I'm reading online (for example, wikipedia says buying power is always twice the SMA balance, which clearly isn't the case). + +Can anyone clearly explain this to me? +I manually made below for CSP to see which one of these tickers providing how much return. + +Anyone know, if i can get this kind of data from some existing tool or site (thinkorsweem or tastyworks)? + +Requirement: Find top stocks providing highest return for CSP for that week or month. + +https://preview.redd.it/xj5v187q72u71.png?width=2424&format=png&auto=webp&s=a1b914ec77f9f2b370f2902777ff27c568254aa5 +by past few months I’m referring to plays since Jan 2022. before that the market was even volatile and yet less so than it is today. And so I think strategies have to be adjusted. + + +* PMCC is a long term play so it’s out of the picture. +* CSP is risky now and comparatively low in return considering the volatility of the market. +* Naked calls are a big no given that many stocks still shoot up suddenly in these days, which is why it’s a volatile market. +* Credit put or call spreads are very one directional, I wonder if anyone has done well on these trades in the last few months? +* condor (debit deep ITM call spread + credit deep OTM call spread), or strangles / straggles seem to be the safest for now, because they allow for volatility in both directions, but they are less talked about on Reddit. Has anyone done well in the past few months using them? +I've posted this graph before, but I want to make a single point here. It contradicts the 45 DTE dogma commonly repeated here. + +This is a graph of all possible bear credit call spreads for GLD with 3 DTEs. It assumes a stop loss at the short strike. Almost all such graphs look essentially like this. + +For a given expectation of loss, the highest annualized expected return on margin is given by the shortest DTE. + +https://imgur.com/eJNXKAZ + +Can anyone suggest a criterion better than 'annualized expected return on margin'? +FYI - [https://tastyworks.freshdesk.com/support/solutions/articles/43000435186](https://tastyworks.freshdesk.com/support/solutions/articles/43000435186) + +We can now trade directly from the charts in grid mode! Right click, start limit order. +I am considering doing a put credit spread on TSLA with the short put 20% OTM for 9/25 (I am working in an IRA and can't do CSPs). My positive feeling about this is that there will likely be a runup to battery day on the 22nd and I can snag 50% of max earnings by then. My negative feelings are: 1) it's TSLA and it is dangerous!, and 2) I am not fully convinced that the tech dump is over. + +Any encouraging or discouraging thoughts? Thanks! +&#x200B; + +&#x200B; + +https://preview.redd.it/gdbocu45un3a1.png?width=1896&format=png&auto=webp&s=6f5f79449676b41a8ea8d47189fcaf6fc1571952 + +Hi all, + +Just learnt about this group through a blog, so happy have come on board. + +\*\*\*Hopefully this question is in the right place and not breaking any rules\*\*\* + +I've just started to trade covered calls live on TradeStation and am a bit perplexed as to what I'm reading above. Before I used to do paper trading on IBKR however I couldn't transfer actual funds into the account bank kept returning the cash so I jumped onto TS. + +I raised this CC and purchased the stock above for 45.59 and got a premium of 5.24 for an ITM call of $42 dollars. I really don't care about the stock itself and only want to collect premium on weekly calls. Target for this is 2-4%, I'm not greedy (yet), slow and steady wins the race as they say. + +I want to know under market value why it has the call option shown as a negative. Is this what it would cost if I wanted to buy the call back to keep the stock? Also it shows my overall portfolio value as a negative which I can't understand why when the stock price is way over my BE price. As I see it my portfolio value should read as having 20,076 in cash and stocks and once exercised on Friday should be at 18,896 IF the call is exercised. However it shows my market value as 16,577 as of today after the close. + +Could anyone explain this to me, cos I'm definitely missing something here. +I've been selling weekly calls on Monday/Tuesday, and making a decent premium. (A heartfelt thanks to this group!) Some of my calls will go down to $0.00 by Thursday. Is there a trick to close these worthless calls instead of waiting until expiry on Friday? +Yesterday, I noticed I had $25 left in my old RH account, so I was basically going to just find a way to gamble on it. + +I don't know if you guys are familiar with IRNT, but it's basically a de-spac that has an options chain but had a crazy high redemption rate so the float was miniscule. I rocketed up like 400% a couple of weeks ago and was sitting at about $24 yesterday morning. The float is going to double within the next week because of warrant redemption and PIPE unlock, so I figure its going to plummet. I opened 4 Nov 1 16/18 CCS's that cost me a total of $20. IRNT nose dives yesterday, as anticipated, and closes at $20. I'm sitting pretty, thinking I will just set a closing order at $100 in the morning and let it keep falling, making a tidy $380 on my $20 investment. + +Well, that didn't happen. Why? Because some dumb ape exercised his $16 Nov 1 call on me overnight. This stock, that just dropped 25% that day was the one someone decided to go ahead and exercise? For the love of Christ, why not just sell to close? Just makes absolutely no sense on this, of all stocks, to exercise a call for November in September! Anyway, I went to bed last night up around $100 and woke up this morning down $20. I guess no more ITM CCS no matter how shitty the outlook for the stock is. +On a presumably red day like today, where TOS analysis is lowering the probability of my shorts expiring even close to ITM, does anyone roll down a strike or two to get extra credit? Or am I just being impatient? 36 DTE on several positions (short side) and \~127 DTE on my longs. + +Thanks! +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Yesterday, I noticed I had $25 left in my old RH account, so I was basically going to just find a way to gamble on it. + +I don't know if you guys are familiar with IRNT, but it's basically a de-spac that has an options chain but had a crazy high redemption rate so the float was miniscule. I rocketed up like 400% a couple of weeks ago and was sitting at about $24 yesterday morning. The float is going to double within the next week because of warrant redemption and PIPE unlock, so I figure its going to plummet. I opened 4 Nov 1 16/18 CCS's that cost me a total of $20. IRNT nose dives yesterday, as anticipated, and closes at $20. I'm sitting pretty, thinking I will just set a closing order at $100 in the morning and let it keep falling, making a tidy $380 on my $20 investment. + +Well, that didn't happen. Why? Because some dumb ape exercised his $16 Nov 1 call on me overnight. This stock, that just dropped 25% that day was the one someone decided to go ahead and exercise? For the love of Christ, why not just sell to close? Just makes absolutely no sense on this, of all stocks, to exercise a call for November in September! Anyway, I went to bed last night up around $100 and woke up this morning down $20. I guess no more ITM CCS no matter how shitty the outlook for the stock is. +Took one of my accounts and literally sold out of dozens of position, CCs, CSPs, and LEAPs. I bought a $500 1/23 $TSLA LEAP for my largest single transaction ever. + +$TSLA is my highest conviction riskier play and I have way to many positions and selling options w them. Taking to much time. + +I also sold a $820 5/14 CC over it for $1135. + +Goal is to earn over $1K a month in far OTM CCs and hopefully great position appreciation. + +I understand the inherent risks and am ok w it. + +Also long some $TSLA shares and have a $540 CSP June CSP in another account secured by margin that has done well. + +I am thinking or doing this more in some of my other accounts except my dividend account. Not necessarily $TSLA, but my stronger conviction plays that have some IV to them. + +Just wanted some thetagang feedback. + +I have my own bull thesis and think market is going to do well overall for some time. + +I never sell both the short and long position together. I ladder in and my LEAPs are my main play. I like .80 delta really far out long calls and closer to .10 delta short calls 30-45 DTE + +I have this going right now also w AMD AAPL CRWD PINS SNAP PLTR (many). + +Good luck to all. +Hi, +I'm still learning about theta strategies. I considered selling a short butterfly credit spread to bet on TSLA making a big move up or down following earnings tomorrow. The risk/reward doesn't seem to be too good though. For example a -210/220/-230 21/10 spread would net about 150$ in credit for a total risk of over 800$. Is there a better way to play this situation with a high IV stock like TSLA? + +Thanks for your help! +Hey guys, just a quick note about BB. I saw that February calls are just insane today. This is not wallstreetbets, but if you were to buy 100 shares of BB at less than $19, then sell the $25 call expiring 2/5 for $4.15, if BB goes up past 25 in 2 weeks you keep $1015 premium + stock sale. + +If it tanks by then, your cost basis would be $14.65/share. + +Have a great day! +So I assume I’m not the only one here that got assigned on some puts yesterday. I’m now the proud bag holder of Apple shares and a few others. I’m not particularly concerned longer term as I didn’t sell puts on any garbage stocks. It’s all high quality stuff but I am coming into the stocks with a basis of 7-10% above current market value. Usually when I get assigned I just sell calls a couple weeks out with a strike at or near my basis and wait for a turn around. With my basis 10% above market thats tough to do. I’m thinking on Monday I immediately sell weekly calls at or near the money with the expectation of continued decline to capture premium and further reduce my basis. If the stock gets called away just turn around and sell at the money puts the following week. Another option might be to wait a bit for a recovery and then sell calls. Market could recover next week, particularly after elections and some of this stuff might be oversold, but obviously who knows. Wondering if any other bag holders here have any thoughts on strategy for next week?? +What are your arguments against going all in on building positions via wheeling in all the chipmakers that stand to benefit from the CHIPS act? INTC, NVDA, AMD, TXN, etc? +Today I opened my robinhood account and my buying power was -$38,000 (my account is $5000) and I don’t know what to do in this situation. I have been trading options off and on for a year and have put in a lot of time in learning online but I didn’t remember that options can move Otm>Itm during AH. This screwed me. Recently, I have been selling credit spreads (both call and put) because of the volatility. This Friday I had a 227/224 put credit spread expiring and the day ended at 228. Then in AH it moved down to 226. Making my 227 itm. + + +1: I thought that robinhood/other brokers closed these trades automatically an hour before expiration? Why didn’t mine get closed? (I know I should’ve closed it myself I wasn’t managing properly) + +2: what do you recommend I do on Monday morning? If red? Green? + +Thanks +I brought up this topic to the mods ahead of time because I feel like it's a subject that needs more attention. + +Mental illness and financial problems can go hand in hand. It doesn't seem like an uncommon problem to me, although I think most people keep quiet about it. + +If you are suffering from a mental illness, it can bring on financial problems. You might be an impulsive shopper. Maybe it causes problems at work or prevents you from working, which lowers your income. Something such as a drug or alcohol problem can consume a lot of money. Maybe a loved one of yours has a mental illness and they have affected you financially by putting you in debt, depending on you for care and resources, or hurting your credit. Even if you are managing your mental illness, you still have to pay for therapy and medication and that can be very expensive. + +There is also a higher percentage of people with mental illness among the homeless population, compared to the population at large. It is much harder to find stable housing/jobs and keep it if you cannot also find treatment for your mental illness. + +It seems like financial problems can bring on issues such as depression and anxiety. I have seen it a lot in this subreddit lately and you can kind of hear it in the tone of someone's plea for advice. + +In regards to some of my own personal experiences, I myself have suffered from PTSD, ADHD, and depression. Luckily the two times I was hospitalized I was still under my parent's insurance. I know the ambulance bill alone was $500, which was more than one paycheck of mine at the time. I know it has happened to me several times where I didn't have the money for something I needed and I ended up having an anxiety attack. I met one lady in a hospital that had bipolar disorder, and she was in at least tens of thousands of dollars in debt from trying to get help for her issues. I also have a friend of mine that is in her late 20s and has not succeeded in life like she had planned to. Lately she has been depressed and not very social, and it seems like the seasons changing is affecting her too. Maybe some of you out there can relate to these stories. + +I want to bring up this subject and let people share their experiences here. If anyone knows of any resources, please share them! + +Also, do you know of any inexpensive/free ways to cope with your mental illness or when you feel anxious/depressed? + +I am on mobile so forgive me for not writing a more scholarly post. But I did find a few articles that were interesting and I will link them below. + +https://www.hcs.harvard.edu/~hcht/blog/homelessness-and-mental-health-facts + +https://www.moneyandmentalhealth.org/money-and-mental-health-facts/ + +http://costsofcare.org/stigma-is-only-part-of-the-mental-health-price-tag +A few days ago I noticed that a couple suspicious charges had shown up on our credit card. One was for around $100 at a Shell station in New Jersey or something. Another was a $200+ charge at Nautica and the third was around $150 for Snapfish. A quick check with my wife confirmed that she hadn't made these charges. We called the credit card and reported the cards as stolen and started the process of getting these charges removed. + +Today I came home to find a couple packages. One was a giant box. It was from Snapfish. Inside was a big framed canvas of a drawing of a random girl. The other package was...sure enough, from Nautica. Someone had ordered a couple expensive wallets. I noticed that they misspelled my name on the address label. + +So...what's the point of this? Assuming that someone got their hands on our credit card info, why order random items and have them shipped to our house? This all feels very suspicious, but I'm failing to understand the scam or how this benefits the scammer. +[SPCE](Virgin Galactic gets the green light from the FAA to fly passengers tohttps://www.cnbc.com/2021/06/25/virgin-galactic-receives-faa-license-to-fly-passengers-to-space.html) + +Currently holding for the long game! To the moon! +If I have experience of 2-3 years in the industry, will I manage to be hired again? + +Quitting due to burn out, mental health reasons and sick of this toxic workplace. + +Had enough of this effing hellhole. I’ve seen at least 60 people leave this place after the past 2.5 years. The average duration someone stays is approx 6 months. + +I work in private pathology. +I have a few different variations I am working on but here are some of the results from backtest. can you please critique it or give advice how I should proceed. + +2011-2015 (this one has 2 leverage at some points and at some points it is not leveraged) + +Total Returns +2662.4% + +Benchmark Returns +74.5% + +Alpha +6.35 + +Beta +1.80 + +Sharpe +11.15 + +Sortino +16.30 + +Information Ratio +10.87 + +Volatility +0.60 + +Max Drawdown +35.7% + + +unlevered 2014-2015 +114.59% + +Benchmark Returns +9.8% + +Alpha +0.70 + +Beta +0.01 + +Sharpe +1.71 + +Sortino +2.99 + +Information Ratio +1.62 + +Volatility +0.41 + +Max Drawdown +20.3% + + +2012-2015 unlevered +Total Returns +528.2% + +Benchmark Returns +74.5% + +Alpha +1.16 + +Beta +0.85 + +Sharpe +4.25 + +Sortino +6.18 + +Information Ratio +3.72 + +Volatility +0.31 + +Max Drawdown +20.39% + +My trading system is taking roughly 100uSeconds from the time a market data update triggers a decision to trade and the time that the order is on the wire... + +With some reasonable effort, I think that I can shave that number in half... + +I was wondering if there exists some knowledge about what is considered a good reaction time for an algo trading system? + +Am I in the sweet spot or are the best systems in the nanoseconds range? + +Before someone mentions it, yes I know that network latency is the #1 factor. +I use SPY as bench mark along with others. +I have found strategies that beat the SPY, however those strategies perform short term trades which are eligible for short term taxes. +So considering a 10 year horizon, If i compare BAH SPY strategy (for which I pay taxes only if I sell it after 10 years) vs my algo-trading strategy (for which I am paying short term capital gain taxes), +It kind of becomes impossible to beat SPY, even with tax loss harvesting(not accurately tested) as the strategies that I use pay additional taxes ranging from 7% to 20% based on the income bracket which compounds every year for the 10 years. + +So to over come the taxes difference, using my algorithm trade make sense only if it can beat the SPY by 15 percent every year, else it would be better to invest in SPY. + +&#x200B; + +Does all of you'll algo consistently beat SPY by 10-15 percent minimum every year? + +Am I missing something? +I'm a data scientist by occupation and familiar with statistical models and ML methods. I've always been interested in employing an algotrading system, but I figure it would be a huge time commitment in order to make the system profitable and autonomous +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? + +Each company is rated based on three different metrics: price to book value, quarterly earnings, forwardEps minus trailingEps + +The lower rating the better. Each rating is summed to give the total rating. + +For example all s&amp;p500 companies are sorted by priceToBookValue ratio. The number 1 company receives 1 point the number 2 company receives 2 points and so forth. + +This is repeated for the other two metrics. + +It would be nice if a company excelled at all three metrics and only received 3 points total but that's not realistic. A low profit to book value means the company stock price is under valued. If such a company also has good quarterly earnings growth and a good forward outlook then it is super under valued. And that is the point of this exercise. + +Source code: +[https://github.com/recola-wand/undervalued-stocks](https://github.com/recola-wand/undervalued-stocks) + +doc (removed) + +Edit: this one divides eps by stock share price so we can get a more accurate picture of earnings per dollar. By doing this I noticed DAL was kind of high on the list so i'm going to add another metric of profit margin to try and weed out companies that have less cash to work with and may be at risk for bankruptcy. + +doc (removed) + + +Edit 2: + +Ok I think this one is the most accurate. Instead of using trailing and forward eps and dividing by stock price I'm just using forwardPE. I also take into account pegRatio and if either PE or pegRatio are negative the company gets dinged hard (like with dal or luv). + +So this gives us a list of companies that will survive the pandemic and are under priced. + +Enjoy! + +doc (removed) + + +Edit 3: + +Added more details here including market price, earnings date, industry, and analyst recommendations. Even if the stock appears undervalued these analysts may know more than i do. You can go down the list and pick all the strong buys. Should be a good deal! + +I added the industry because I plan on making a "diversified" portfolio out of this + +https://docs.google.com/spreadsheets/d/1Y03Nkgh1g-lixkOjxL65hCkz1NQg3JKx_dY2x6Nn8sM/edit?usp=sharing + +Edit 4: + +With this list I severely penalized any company that had negative earnings or growth. The top 318 companies are clearly set apart from the bottom companies. + +https://docs.google.com/spreadsheets/d/1bRtgLmolBpre5nDeO7UlvCyuRcmgE-QMFGj7QwHs1lw/edit#gid=328425522 + +Edit 5: + +Same as above with severe penalty but in addition to having a column for priceToBook I also included one for 52WeekAverage which will give more weight to those stocks that were hardest hit. So this is is the real gem here. It should have companies with a positive future earning outlook with the lowest price. + +https://docs.google.com/spreadsheets/d/1dKo6WyTWvEAqqSv2Vn_eVNUGaEP-vGt151TBmOo_C5g + +Edit 6: + +Same as above but sorted by industry so you can make your own portfolio. Pick the first one or two stocks from each industry. I also put analyst ratings next to my rating. Higher is better. Note this spreadsheet contains ALL companies in the s&p 500. I'm not saying they're all buys. + +Make a copy of this spreadsheet and delete the bottom half from each industry and you'd have a solid portfolio of stocks that are on the cheap + +https://docs.google.com/spreadsheets/d/1lH1PTOElTNEgzL_bR090Q8_jDfNq_9PeyxlhfPB8hSk/edit?usp=sharing + + +Edit 7: + +And finally, my portfolio based off of this. I'll give each industry equal weight even though different industries may have more stocks than others + +https://docs.google.com/spreadsheets/d/14BBMPQFhg1YoCn1wwKu5aemeifaT5J553LXhTmlMMoQ/edit#gid=348200405 + + +Edit 8: + +I glanced at the balance sheet of every company in that portfolio since I'm putting money in this. I ended up removing the following companies due to decreasing assets and decreasing shareholder equity: xray, nwl, kim, hpe, glw, arnc +There has been some debate between 15-year vs 30-year mortgages in yesterday’s [AMA](https://www.reddit.com/r/financialindependence/comments/3mtod1/peter_dunn_aka_pete_the_planner_ama_you_may_know/) and daily discussion [threads](https://www.reddit.com/r/financialindependence/comments/3mtiyb/daily_fi_discussion_thread_september_29_2015/cvi5xll), which prompted me to dig a little deeper, and I found that most discussions on this topic neglect to account for the effects of inflation. Specifically, discounting the price of future payments due to inflation, because your mortgage payments are spread out over 15 or 30 years, and you’re paying with cheaper dollars every successive year. + +Assume you have a $400,000 mortgage, rates are 3% for a 15-year mortgage and 4% for a 30-year mortgage, and inflation is 2%: + + With a 15-year mortgage, your total money paid after 30-years is $497,219. + With a 30-year mortgage, your total money paid after 30-years is $687,478. + +That looks like a huge difference, you’re paying $190,259 extra dollars over the course of the mortgage. But let’s adjust these numbers for inflation: + + With a 15-year mortgage, your total money paid after 30-years (in today’s dollars) is $429,817. + With a 30-year mortgage, your total money paid after 30-years (in today’s dollars) is $517,924. + +Now the difference is reduced to $88,107 (in today’s dollars). + +So then the next question becomes, can you make more than that by taking the difference in your monthly payments and investing the difference? But there are a few more things to consider, like the tax savings from the mortgage interest deduction vs the tax cost from your investment returns. The math starts to get a bit complicated but playing with numbers in this [calculator](http://michaelbluejay.com/house/15vs30.html) gives the following results: + + House price: $500,000 + Down payment: 20% + Mortgage rate: 3% (15-year), 4% (30-year) + Return on investments: 6% + Tax on investments: 15% + Marginal tax rate: 25% + Amount of non-housing tax deductions: $0 + IRS Standard Deduction: $6,300 + Mortgage limit for interest deduction: $1,000,000 + Inflation: 2% + +Without accounting for inflation, the 30-year mortgage is better by $81,237. Once you factor in inflation, the 30-year mortgage is better by $164,863. The higher your return on investment and the higher the inflation rate, the more the 30-year ends up ahead. **Even if you reduce the return on investment from 6% to 3%, the 30-year mortgage still comes out ahead.** Trying different numbers, it’s difficult to see the 15-year beat the 30-year unless you reduce inflation close to zero. + +Of course, I’m just discussing the financial side here, there might be other reasons you’d want to pay off the mortgage sooner, like peace of mind from not having debt. Although personally I’d have more peace of mind knowing I made the financially optimal decision, regardless of whether that includes having debt or not. There are also other reasons you might prefer the longer mortgage, like flexibility and cash flow. + +Finally, since this is /r/financialindependence/ where people are already focused on optimizing their finances, traditional arguments about how “if you don’t pay off the mortgage you’ll just end up spending the money instead” don’t really apply. I think most people here can be “trusted” to invest the difference, since they’re aggressively saving and investing most of their income already. + +I’m just surprised that most discussions I’ve seen on 15-year vs 30-year mortgages don’t discuss the effects of inflation at all. Am I missing something here? Discuss. + +**Edit:** I suppose I should mention a few other assumptions: 1) That you've put down 20% and aren't paying PMI. Otherwise you'll need to factor in the cost of that into the calculations. 2) That you aren't planning to move in < 10 years. Otherwise you might consider renting or a non-fixed rate mortgage. Either way, you'll have to do the math to figure out what's best. + +Also, since so many people have asked: this calculator assumes that with the 15-year mortgage, once you've paid off the mortgage you're taking the same monthly payment and investing it instead. + +**Edit 2:** A few people have argued that inflation is not relevant because it applies equally to both scenarios. This is not correct, because its effects on the mortgage payments are occurring over two different time spans (15 years vs 30 years). The 30-year mortgage allows more time for inflation to eat away at the real cost of the mortgage. You can see this using the [calculator](http://michaelbluejay.com/house/15vs30.html) I linked earlier, using the tool at the top of the page. Vary the inflation rate between 0-10% and see how the real cost of the mortgage changes. +At one point, my account hit 100K. March 31st I lost it all. One week earlier, I lost a family member. Quickly dwindled into a state where I didn’t think I would ever go. + +Just 3 weeks ago, I was on top of the world, then an abrupt sudden stop to life. + +Life continued, being on the front lines seeing COVID patients everyday before my eyes and still to this day has been the most challenging thing I’ve ever seen. It’s been hard, thinking what I could I have done to make it up, relentlessly searching for DD’s, it all feels so surreal. + +If you’ve been here, you know the feeling, and I’ll always commit to helping people in a struggling phase in life, more so than outside my job. + +From here out, it’s a road upwards, staying strong has been hard, days seem to go up and down, but reality is still hard. + +I’ll be better because of this, and I’ll always know how others have felt through the process. + +Stay strong friends. + +[https://imgur.com/gallery/GhnP7Cl](https://imgur.com/gallery/GhnP7Cl) +I really don't get it. Every period had its well-running stocks like in the nifty fifty. +But nowadays I don't say any reason why those companies would loose somehow their value. Can anyone give me a few scenarios besides government regulations? +I mean take GOOG, FB, AMZN and partly MSFT. They all basically have huge monopolies, let's say not including China. +GOOG and FB and somewhat AMZN are basically data mining, means the more data they have, the more valuable they get. How should they ever lose value as they are monopolies and get more data over time? I just don't get it. +There was a big fat finger on Binance US and 575 coins seemed to have been dumped at much below the market price. Big oooff + +&#x200B; + +[Big fat finger](https://preview.redd.it/yevvecpsrsu71.jpg?width=1500&format=pjpg&auto=webp&s=27ad5a4625fda438a316b41537784fdf290ec3cd) + +A far finger occurs when someone sells but sets an incorrect price. In this case, it seems the whale had set a price much much below the asking price and this has resulted in a flash crash, and others who had open orders at low prices scooped up cheap coins, and were up over 1000% in a matter of seconds. + +&#x200B; + +[Low of 8200!](https://preview.redd.it/d9frbfmassu71.png?width=787&format=png&auto=webp&s=dcca79b2a0f1bea6361836f877f3f1286a5312d8) + +The price was at 8k for 5 seconds, so anyone (or a bot) that was alert could also have scooped up cheap coins. + + + +https://www.dallasfed.org/research/economics/2022/0802 + +> **Inspecting Individual Recession Indicators** + + +>The NBER committee’s indicators used to date business cycles include real (inflation-adjusted) personal income minus transfers, nonfarm payroll employment, employment as measured by the Bureau of Labor Statistics household survey, real personal consumption expenditures, wholesale-retail sales adjusted for price changes and industrial production. + +>The gray lines in Chart 1 show the movements of nonfarm payrolls and industrial production in each previous business cycle relative to the peak of that cycle (month 0 = 100); the average across all previous cycles is the black line. The 2020 COVID-19-induced recession is excluded because its cause, scale and timing were extremely atypical. The red line is the indicator’s movement between June 2021 and June 2022 relative to the level in December 2021. + +> The data show that employment in the overall economy and output of the industrial sector in 2022 have significantly outperformed what occurred during every previous recession at a similar point. Chart 2 repeats this exercise for an alternate source of employment (surveying households rather than businesses) and for manufacturing and trade sales. + +> While these indicators in 2022 (red line) are not as starkly above the gray recession lines as the indicators in Chart 1, their paths remained at the higher end of the distribution and were notably higher than the corresponding average recession paths. These indicators are also more volatile than their counterparts in Chart 1, with a wider range of recessionary outcomes. + +>Finally, Chart 3 shows a similar pattern as Chart 2 for real consumption and real personal income excluding transfers. + + +——- + + +> **Low Unemployment Rate Is Also Argument Against Recession** + + +>While not listed among the indicators considered by the NBER committee, the unemployment rate is also among the indicators pointing to labor market strength through the first half of 2022 (Chart 5, Panel B). It has declined from 3.9 percent in December 2021 to 3.6 percent in March 2022, where it has held steady through June. By month six, every other recession incurred an unemployment rate increase of at least 0.3 percentage points. + +>Increases in unemployment may also better match conceptually what is generally understood to mean a recession—an increase in slack or underutilization of resources rather than a decline in economic activity. As trend GDP growth slows due to aging demographics and slower productivity gains, there may be more frequent periods of negative GDP growth without an increase in unemployment, making the distinction between increasing slack and declining activity more relevant than in the past. + + +Click the link, they’ve got pictures too! +CoinsForTech is fast approaching our 1st birthday and I wanted to give an update of what our first 9 months as a bitcoin-only merchant has been like. I really think we provide a great service and have grown incredibly well since our launch. This is with no mentions from blogs and very little expenditure on advertising. + +There are some figures and statistics below which are incredibly positive. I am most proud of our widespread customer base as accepting bitcoin has really been a game changer here. We do good volume in areas flagged incredibly high risk and have not been scammed once. Not to mention the instant irreversible payments and almost non-existent fees. **IF YOU ARE AN INTERNATIONAL MERCHANT YOU SHOULD BE ACCEPTING BITCOIN.** I cannot stress this enough. Incredibly low start-up and ongoing costs, clear market from bitcoiners wanting to spend, irreversible and instant payments worldwide – what have you got to lose? + +* Since our launch we have sold over $300,000USD of electronics to customers across nearly 40 different countries. All of these sales were in bitcoin. You can see our order map [here](http://coinsfortech.com/about). If our current growth continues we will break $500K revenue for our first 12 months which is awesome, especially given lack of marketing. +* Of these sales we have been scammed a total of zero times. This is an incredible testament to bitcoin as we are in an incredibly high-risk market. I have been in electronics reselling for several years and never have achieved remotely close to a 0% fraud rate. Quite ironically we have had three attempted scams – each of which tried to pay using credit card. +* **Every day we are transferring HUGE amounts of money between countries with very little reliance upon current banking infrastructure**. We are doing this incredibly cheap and quickly compared to fiat business as well. In March alone we have processed over $50K of orders across 15 separate countries at a fraction of the cost of non-bitcoin businesses. +* We are active in several high-risk markets. In fact, customers in areas such as India, Israel and Pakistan are some of our best. We could never ship to these countries using a system other than bitcoin. We are honestly comfortable delivering to some of the most high-risk countries due to the nature of bitcoin. These markets are now ripe for the picking as our products are significantly cheaper than they can find locally and there is no currency conversion barrier stopping them purchasing from us. +* We have many customers that replace the bitcoins as they spend them. They are using them as a method of payment rather than for speculation. Depending on the market, it is cheaper for many to use bitcoins and purchase internationally than it is for them to use fiat and source locally. +* We just recently broke 1,000 products listed. It’s worth mentioning this is just a fraction of what will be available. Think software, much more camera equipment, video games, fragrances, make-up and a HUGE amount of computer components. I seriously mean huge – it’s going to take forever to get them sorted. + +Lastly, some of you might be interested in the free shipping promo we launched for 48 hours as of last night. + +Free shipping via DHL, EMS or FedEx is available on all tablets, gadgets and gaming consoles to over 20 countries. Video games themselves are sent by AirMail. For more info a full list of supported countries please see here - http://eepurl.com/QxSqn + +Was talking to some fellow apes and someone mentioned having found Bezos plane, but didn't mention the tail numbers. + +&#x200B; + +So I went on a scavenger hunt and found all three for yall. He has two Gulfstream jets and one helicopter. + +&#x200B; + +Here are the tail numbers: + +[Tail Numbers](https://preview.redd.it/naqbtjg5e1q71.jpg?width=1890&format=pjpg&auto=webp&s=b4105fa5abc682e1d6d7c3a657b2ebdf84b6bc69) + +&#x200B; + +I think this is an alternate tail number for the helicopter, but am not 100% + +&#x200B; + +&#x200B; + +https://preview.redd.it/b857p20he1q71.jpg?width=1920&format=pjpg&auto=webp&s=2c1cc729fa6f155634e32fc93563c49eea68783a + +&#x200B; + +Anywho...Poplar Glen LLC is his private company where these planes are registered. + +&#x200B; + +https://preview.redd.it/2pjm63woe1q71.jpg?width=1919&format=pjpg&auto=webp&s=4064670aba97939a0cd68666ccea81ea4a7f3f50 + +I find it interesting that he does similar multiday stops and short mid air trips as I found KG to also do. Also found it interesting that he's making trips to Europe like KG. That being said I haven't had time to cross-reference these data patterns and other data patterns regarding other business planes. + +He does do some personal time on N271DV, whereas it seems KGs N302AK is nearly all business. + +&#x200B; + +I would love to see any triangulations folks do. Please tag me if you can so I can read any similarities you find or patterns in flight data as they pertain to patterns within the market. + +&#x200B; + +&#x200B; + +(Don't give me shit about tracking planes. It's public info. It's past-tense and all for data comparison as it pertains to the market. This shit indirectly effects GME as anything effecting the market effects GME) +There is an accepted belief by many traders that big players go “stop-hunting” to stop out retail traders. + +Ok. What do they accomplish by doing this? + +Is it to elicit movement in the opposite direction (based on people getting mad they were stopped out and then re-buy en masse)? + + +Are there any strategies, such ch as making a two-layer complex order such that is you are stopped out then a new buy order is entered (or, alternatively, just put in a buy order around your stop order?) + + +Do these big stop-hunting whales themselves run into problems, such as they are doing their thing and then real market-moving news comes out that forces the price action against whatever they are doing? + +Why do big bad whales even bother coming into the micro futures markets (whose margin requirements are within reach of almost anyone who has an account). + +Shouldn’t those whales be up in the real futures markets (the real /NDX and /SP)??? + +Do some whales trade for sport only, and consider stop-hunting to be a recreational activity? +First post here. I have a 3 family home and just bought a 2 fam. I have security cameras installed in the 3 family but am not quite happy with the product. I’m looking to add cameras to the property I just purchased and was wondering what everyone was using for the cameras on their investment properties and if they were happy with them. Ideally I’m looking for something that is WiFi and battery powered with no monthly subscription fee, I’ve looked at the products available and the reviews are very mixed. What do you guys use and how do you like them? + +Edit: I should have specified that the cameras are on the outside of the property surveilling the perimeter, pointed at the driveways to make sure nobody’s messing with the cars. Just was looking for a reliable brand people are happy with. +Morning all, + +A drunk driver hit the side of my rental property early this morning. Left a hole in the side of the house. What should my next steps be? +Generally my understanding of paying off a mortgage early is financially a bad idea. + +My background is stock trading which I am confident I could earn a higher return than the amount of interest I am paying, probably significantly. + +So I am sure there are tons of better places that money could go to earn you a higher return than you're paying an interest. + +I guess the reason I ask this is because I would feel more comfortable paying off and additional 20% of my principal and then just going on monthly payments from there. + +Right now I Still owe 80% LTV so my interest payments are at their highest point. +I’ve raised my budget this year to buy roughly 1.5million in real estate and I was hoping to land 12-15 units but they’re impossible to find lately. + +All I have been able to find are a couple deals on duplexes which doesn’t really excite me since it’s more rooftops. + +Would you wait for bigger property to become available or is a good deal better than no deal and I ought to be buying up these smaller rentals? +Lets make this a fun thread. What are some hacks you've done that have been time or money savers in a fun, witty way? + +&#x200B; + +1. I have rekeyed all my rentals to my work key. "And 1 key to rule them all" + +&#x200B; + +2. I call myself the "property manager" and openly talk bad about the owner. Even have let slip, "I live with the guy.." +Construction prices are going up and up and I don't think that's slowing down. This demand shortage is only going to go up as more people go to college instead of trade school. Has anyone thought of just quitting their day job, going to trade school, and working as a contractor. Eventually you can work your way up and start your own company, and it would be a great tool to use in order to build your own houses and start your own projects. +What software do you use to manage real estate you rent? or to manage your own person finances both in terms of revenue from properties or companies you own and as you are paid from them? Do you use different software for each? Does your software give you data you can use to invest or make other decisions? Do you just use excel? +From an investment stance, what is the better option? 1) Owning a duplex or 2 family legal, where you live in one half and rent out the other or 2) Owning an apartment and renting out the second bedroom to a friend or someone you know. +The website has now updated the price to $619,000. We signed a contract with a base price of $669,000. The construction is still to begin, but we have already put down $20,000 in earnest money, along with $10,000 for upgrades to the design center, making a total downpayment of $30,000. Any suggestions or insight would be greatly appreciated on how to negotiate the price adjustment with the builder. +Long story short I (30F) rented a room out in a house that I own. It was for a 6-month term for 2020-2021 with basically a 2 page agreement, clear start and end dates, and no explicit or implied month-to-month thereafter. But I let the roommate (35F) stay afterwards because it wasn’t too bad (at first, now they’re quite annoying) having them around and getting that extra money. + +I am moving in with my partner in a different state at the end of December, and want to rent out the whole house, which the roommate cannot afford. I was able to find qualified renters to move in January 1. + +Now I’m getting concerned that my roommate might be bitter/immature enough to try to overstay. After our initial agreement that ended April 2021, we have nothing else in writing about her renting the room. She pays me via Apartments.com but that’s it. + +So I’m trying to understand the legal processes I may need to follow should I have to evict her. This is in AZ. + +What I’ve interpreted from searching so far is that she’s considered a tenant-at-will and just needs 30 days notice. After that it’s unclear if I would have to follow an eviction process, or if I can just go straight to requesting law enforcement to remove her. + +Yes I will contact a RE attorney for counsel, but does anyone have any experience/advice for a situation like this? + +ETA: There's a longer comment below with the whole story, but to make clear--I told her I was intending to move earlier this summer and have been consistently checking in about plans. This is not a surprise to her. +You have probably seen links to the [Poocoin App](https://poocoin.app/) come up in various pitches on this and other subs. In addition to having a continuously improving web app to view prices and track your wallet for BSC (Binance Smart Chain), there is a coin associated with the project ([Poocoin](https://poocoin.app/poocoin)) that I am extremely bullish on. + +# What problem is Poocoin solving? + +Poocoin helps folks track BSC (Binance Smart Chain) wallets and understand how individual coins are trading. Given how high-risk and volatile crypto markets are, this is an incredibly important function – and it hasn’t surprised me to see links to poocoin charts popping up all over the place. + +**A bit of background:** Right now there are two primary DEX (decentralized exchanges), and most of the coins you’ll see here are traded on one of them. [Uniswap](https://app.uniswap.org/) is used for trading coins against Ethereum (ETH), while [PancakeSwap](https://exchange.pancakeswap.finance/#/) is used for trading coins against Binance Coin (BNB) – projects on the latter are also referred to as Binance Smart Chain (BSC). + +[Uni](https://info.uniswap.org/home) and [Pancake](https://pancakeswap.info/pairs) both have native analytics interfaces, but they are very limited in functionality, and Pancake’s significantly lags real-time trades. Additionally, they do not do a good job of showing price movement or individual transactions. For digging into individual transactions and wallets, [etherscan](https://etherscan.io/) and [BSCScan](https://bscscan.com/) are great for research if you know what you’re doing – but it’s hard to understand trends and see the bigger picture from there. + +[Dextools](https://www.dextools.io/app/) has rightly emerged as the leading analytics / charting app for Uniswap, with great charts and individual transaction data. BSC / Pancake have been lacking a similarly high-functioning, fast, reliable solution. Poocoin provides that solution – with charts, transaction tracking, wallet tracking, [Yield Farm tracking (Toilet feature)](https://poocoin.app/toilet) and more to come as driven by the community. I don’t think the app is quite at the level of Dextools just yet in terms of features, but it’s not far off and quickly improving as the community requests new features. Check out the [telegram](https://t.me/poocointokenchat) to see how it really is a community-driven project, with users requesting features and the lead developer responding in real-time. + +# The web app is cool but what does the token have to do with it and why should I buy it? + +Unlike many projects which trade on the promise of future functionality (no shade, I’ve invested in many of these) – poocoin began as a product first, with the token added in what seemed like an afterthought. The point was to create something useful for traders. More recently, the token has begun to play a bigger role in the ecosystem, including a new [premium tier](https://poocoin.app/premium) to track other wallets if you are pooling BNB / POO in the Pancake pool. I don’t speak for the Poocoin creator, but I have spoken with them and I think that over time the coin itself will play a more important role in the ecosystem, for instance unlocking certain premium tracking / alerting features while retaining most of the functionality for all users / free. + +On that topic, one thing that I love about this project is that the focus has been much more on building the community of users than extracting value by requiring people to hold or pay POO, so I think that most new features will continue to be available to all users. It’s also been almost completely organic growth to date, with people using the product and getting acquainted with the coin because of that – as usage and the community grows, I believe the price of the coin will as well. + +# Tell me more about the tokenomics and how much upside potential this thing has? + +**— Redistribution / deflationary mechanism.** 8% fee charged for each transaction, 4% distributed to token holders (in accordance to the size of their POO holdings), 4% burned. Seems like a lot of coins here recently have a deflationary / redistribution mechanism and I think for good reason. Transaction fee + redistribution incentivizes hodlers over swing traders, and you’re able to increase your holdings simply by having the coin in your wallet (apart from price appreciation). And then the token burn deflates supply which creates upward pressure on the price over time. Additionally, no more than 100,000 can be traded in 1 transaction, meaning there’s a limit on huge whale buys / sells. + +**— It’s still very early**. The initial supply was 10M POO. The total supply now (5pm Pacific on 3/13/21) is 6,839,793 with a price of around $0.30. That’s a market cap of $2.05 M. Compare that to GoSwapp (BSC charting platform that people appear to be using significantly less than poocoin, at least the last few weeks) @ $36M (18x for Poocoin), Unidex (another BSC charting tool that poocoin has surpassed in functionality imo) @ $19M (9.5x for Poocoin), or DexTools at $151M (75x for Poocoin). **Comparables are always tough in crypto but I’m planning on hodling until at least $6 (20x current value)**. + +**– No presale and distribution of holders has grown less concentrated over time.** As described in this excellent [moonshots 101](https://www.reddit.com/r/CryptoMoonShots/comments/mbdlil/cryptomoonshots_101/), a presale is often (not always imo) an indicator that there are a lot of large holders looking to make a quick buck who will sell off at the first sign of a peak. Poocoin had no presale; it simply launched on PancakeSwap. If you’re buying in now, there are folks like me who bought in at a lower price (I got in around $0.10 and have been buying more gradually, including significantly more at the current price today). I can’t speak for other holders, and of course there will be those who take some profits as price continues to rise. But I do get the sense from the community that a lot of people see the rare potential here and are looking to ride out the waves until it hits a large multiple of its current price before they consider selling. + +**– What about liquidity and volatility?** Liquidity was a significant concern for myself and many in the community for the past week or two. Currently, liquidity in Pancake sits at \~$120k (i.e. \~$60k worth of BNB and \~$60k worth of POO). More liquidity generally means less volatility (i.e. a given buy / sell has less price impact), and it’s a generally a good thing for a coin’s legitimacy. Realizing the liquidity issue, Poocoin added a [premium tier](https://poocoin.app/premium) accessible via being a liquidity provider. As a result, there has been a sizable increase in liquidity over the past few days (currently \~$120k in the pool) although I'd like to see it go significantly higher still – given the responsiveness of the team to this issue, I’m confident liquidity will continue to increase. + +**– Sounds good but what’s with the name? Are you really comparing a coin called Poocoin to DexTools?** When I bought in, I found the name amusing, but growth-wise I saw it as maybe a good thing (meme potential / funny) or maybe a bad thing (may prevent people from taking the project seriously). I could still go either way – although I do like that it's a funny reference to the storm of shitcoins we are all in with some on-the-nose irony that this actually is **not** a no-utility shitcoin. Name aside, check out the community and use the product – I'm confident this is the real deal. + +**– Okay but what if DexTools adds BSC or Unidex or Goswapp improve their features and surpass Poocoin?** If DexTools added BSC features tomorrow (they have not made any such announcements to my knowledge and if it happens, seems like it will be awhile), I think that would pose a modest risk for the Poocoin product’s continual user growth. However, Poocoin really has added many features that rival DexTools, while adding unique features like the best Wallet Tracking I’ve experienced across any of these types of apps. DexTools and others also appear more keen to gate premium features with high subscription costs ([$75+ month](https://www.dextools.io/) for wallet tracking). + +On Unidex / Goswapp, I think they will continue to improve their products (coin tracking / analytics is a huge space and there could be many successful projects), but I’ve been incredibly impressed with the pace of Poo’s development and adoption relative to them – and personally I think it's a much better product than those. **And again, those are currently 9.5 and 18x Poo’s market cap!** + +# Aight, how do I buy this thing and join the community? + +[**Poocoin Chart**](https://poocoin.app/poocoin) **(on Poocoin!)** + +[**Buy on PancakeSwap**](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xB27ADAfFB9fEa1801459a1a81B17218288c097cc) (Click the Gear Icon and **Set Slippage to 9-12%** due to the 8% transaction fee + regular slippage, I’d suggest starting with 10%) + +[**Telegram**](https://t.me/poocointokenchat) (Lead dev is on there regularly and is super transparent) + +[**CoinMarketCap listing**](https://coinmarketcap.com/currencies/poocoin/) (price chart should be live soon) + +# About Me + +I’ve only been trading crypto about 2 months, most of that time spent on small cap coins. I’ve been investing modest amounts in public equities / stocks for several years and many of the principles are somewhat similar here, I think. I wrote about some of my thoughts / lessons from crypto trading [here](https://www.reddit.com/r/CryptoMoonShots/comments/mga3sj/some_perhaps_obvious_from_a_few_months_of_small/). I’ve gotten some right (e.g., HOGE and BOG early) and some wrong (e.g., TOTORO, BOBO), with a number that are too early to tell relative to my buy-in (e.g., Mercurity / MEE, Unitrade / TRADE, and others). +If this has been addressed, please let me know. I have googled and searched through this sub and can’t seem to find an answer to my question. + +I didn’t contribute enough to my Roth this year and want to reach the $6000 maximum. The problem is that my income went into my brokerage and I’m concerned about how it may look to the IRS if I withdraw money from my brokerage and deposit into my Roth. This money would not be in surplus to what I deposited into my brokerage. + +The IRS website just says that the money used to fund it has to be earned wages, but doesn’t go into further depth. Is it still “earned” if I’m just withdrawing money that I had earned and churned through some day trades? Am I over thinking this? + +Any answer is appreciated and thank you for your time +I'm wanting to add US trading to SelfWealth and they're saying they don't have my TFN but to add my TFN I need to print out a form and sign it. It cannot be digitally signed. This requirement seems really dated and I'm wondering they are enforcing this? + +I already had to do this just to update my address and it took like a week or more for them to even update it once I did mission to office works just to print out the form. +I’m currently 21 studying full time in neuroscience and business and also working a full time corporate job in the daytime as a tech consultant making $50k/annum after taxes and work teaching piano on the weekends. + +I know that it’s certainly do-able for me to make 6 figures before I’m 25 but even all the calculations for a home loan, I’m not sure how I’ll ever be able to afford a home in Sydney even with a partner who makes the same amount as me (we’ll both likely make 6 figures by 24/25). + +Given this horrific lockdown situation, I’ve learned how important having a yard, separate office space given I’ll likely be working from home after lockdown too. My mental health is honestly in the biggest decline and one of the only things that keeps me happy is my succulent farm that I’m growing in my backyard and the separation between my office and bedroom (I live at home and plan to live at home till buying a house as in my culture it’s acceptable to stay home till marriage). + +Would anyone have any advice or suggestions as to how to save for a home in the future? Would be kindly appreciated. + +Edit: Thank you for all the advice everyone! +[https://www.cnbc.com/2020/03/08/dow-futures-drop-700-points-as-all-out-oil-price-war-adds-to-coronavirus-stress.html](https://www.cnbc.com/2020/03/08/dow-futures-drop-700-points-as-all-out-oil-price-war-adds-to-coronavirus-stress.html) + +&#x200B; + +pUtS aRe toO exPensIve + +&#x200B; + +fEd wiLl prOp ecOnoMy + +&#x200B; + +prIced In + +&#x200B; + +Bulls: guh + +&#x200B; + +Bears: GUH IM CUMMING +Excerpt from an interview: + +Reporter: "Have you thought about trading cryptocurrency futures to take a negative position on bitcoin?" + +Warren Buffett: "No, I get into enough problems with things that I think I know something about, why in the world would I take a long or short position of something that I don't know anything about?" + +Yet, in the same interview, Buffett also states that: "In terms of cryptocurrencies, genereally, I can almost say with certainty that they will come to a bad ending." + +And further that: "We don't own any, we don't short any, we'll never have a position in them." + +These statements are contradictory. He says that he doesn't understand it, yet he claims that he can say with certainty that it will take "a bad ending" (whatever that means). Still, he wouldn't short it. Indeed, he would shy away from taking any position at all. + +Has he formed somewhat more of a consistent opinion nowadays and expressed it? + +Source of the interview: [https://www.youtube.com/watch?v=YWMmd7hlwNI](https://www.youtube.com/watch?v=YWMmd7hlwNI) +I recently did a 401k rollover into an IRA, and I feel like I timed it horribly. The check for the rollover was mailed to me when the SPX was around $3900, and I just now got the check into the settlement fund of my IRA, so I am in an all cash position at the moment. The market just had two strong rallies where the SPX is now at $4158. It seems I missed those gains if I put the money into VOO or some target date fund right now. + +Should I still get back into the market ASAP? It seems this recent rally could be a bear market rally that will later reverse to new lows, but how confident can anyone really be about that? Am I better off waiting to see? If the market doesn't test new lows and keeps going up, I'll be kicking myself. + +Edit1: I have about 30 years until retirement if that helps. + +Edit 2: The rollover cash amount is about $200k. +* so, if I understand this correctly, we're raising rates to cool off the economy and to make it harder for companies to grow through cheaper financing. As long as we're not in a recession, does this mean the fed will continue to raise rates to keep inflation under control? If this happens, how much downside in the markets could we be looking at over the next couple years? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If 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!* +**TL;DR at bottom.** + +Here's your obligatory bear post for the day/week/whatever. + +I'm not an expert but I do have some qualifications that lead me to believe that the global economy is in for some trouble. I could be wrong, of course, and actually my entire theory is predicated on that fact. Still, I feel I am sure enough in my convictions to the point where this statement is worth making. You may disagree with the worthiness of this post, and of course, the premise behind it. That's fine; I'm just here to share the way I see things. + +What's certain is that, even if one may see the warning signs of a looming crisis, it's near impossible to tell when that crisis might be. I have no idea. All I know is I see some precariousness and warning signs right now. So, without further ado: + +&#x200B; + +**The Uncertain Nature of the World** + +The world is uncertain. Black swan events happen, and they happen frequently. Again, some people may have some inkling of them, but it's hard if not impossible to predict these things with any degree of certainty. Some examples that come to mind (please excuse the lack of chronological ordering): the Covid-19 pandemic, September 11th, the Global Financial Crisis, the John F. Kennedy assassination, Columbus discovering America, the Challenger/Colombia space shuttle disasters, the assassination of Franz Ferdinand leading to WW1, the Great Depression, the Black Death, the storm that destroyed the Spanish Armada, the Wehrmacht crossing the Ardennes, the smart phone / internet revolution, etc. The last one is interesting if you ever saw *Back to the Future: Pt. 2.* The most they predicted were flying cars, but not smart phones or internet. + +But I digress. These events are part and parcel of life, and the major events of history do not happen in a linear fashion. Sure, we may be able to connect the dots after the fact, but when they happen it's almost unbelievable: we seem to be taken utterly by surprise. Just think: apart from Bill Gates or someone like that, which one of us normal folk thought we'd be dealing with a pandemic this time 2 years ago? I certainly didn't imagine it. + +And it happens in our personal lives too. You meet someone. You have a break up. You get injured. You get sick. You lose a loved one. You fall in love. Who knows? Life is very, very unpredictable. + +Don't get me wrong; that doesn't mean I don't think we should try. Science helps. We can form hypotheses and test them. This adds a lot of certainty to a world that is very uncertain. But even Einstein would admit that some things are simply out of our grasp: + +"What I see in Nature is a magnificent structure that we can comprehend only very imperfectly, and that must fill a thinking person with a feeling of humility." + +&#x200B; + +**The Folly of Economics** + +I studied economics. I was very interested in Econ 101 and decided to make that my major. Later, however, I was disappointed in what I learned. I don't know. There was just too much mathematical formulating and analysis. I didn't feel, really, that I had learned much of anything that was actually relevant and applicable to the real world. To be honest, at the time I just thought I was an idiot and bad at math, blaming myself rather than the field (as a young, lost kid might be prone to do). Looking back, however, I think there were serious shortcomings that I had picked up on but did not have the tools to express. + +I'm not saying that there isn't a place for that sort of analysis in the study of economics: I imagine there is. I just don't think that it should be the singular focus of the whole field. Indeed, while mathematical equations are imperative for pure math and even for practical applications like physics and chemistry, can they really be applied with the same rigorous veracity to the study of something so complex and changeable as the economy? + +Former economic advisor at the Bank of International Settlements William White argues that instead of looking at the economy through equations and equilibria, we should be viewing the economy as a [complex adaptive system](https://en.wikipedia.org/wiki/Complex_adaptive_system#:~:text=A%20complex%20adaptive%20system%20is,the%20behavior%20of%20the%20components.&text=The%20Complex%20Adaptive%20Systems%20approach%20builds%20on%20replicator%20dynamics). You know, like a garden. You have an idea in mind of what you want to plant and where, but some plants die, some don't, weeds pop up, there might be an infestation. The whole thing is quite unpredictable because it depends on an enormous amount of variables interacting with each other. Well, that's a lot like the economy. (Read more here: [Recognizing the Economy as a Complex, Adaptive System: Implications for Central Banks](https://williamwhite.ca/2018/04/22/recognizing-the-economy-as-a-complex-adaptive-system-implications-for-central-banks/)) + +&#x200B; + +**The Folly of Modern Central Banking** + +The folly here follows naturally from the aforementioned ontological error in the field of economics: we think the economy is predictable and controlable. Cut interest rates here, buy assets there, and we're good to go. If only it were that simple. + +Look at the data we're looking at right now. Despite absolutely unprecedented amounts of liquidity being pumped by the Federal Reserve (and by other central banks around the world), we're still unable to get people back to work. Check out the [ADP numbers](https://www.cnbc.com/2021/08/04/private-companies-added-330000-jobs-in-july-according-to-adp-far-short-of-the-653000-estimate.html) today: 653,000 new positions were expected in July, but the actual result was a miss by just over half (330,000). If you've been paying attention to the data in past months as well, you've noticed consistent misses in employment. And how about inflation? YoY inflation hikes are expected due to base effects from the pandemic last year, but MoM inflation has been coming in consistently higher than expected. All of this makes you wonder: does the Fed really have things under control? *Could* they have things under control? + +I would argue that you can't solve structural employment issues by throwing liquidity at the markets. The problem is not liquidity, there's plenty of it: the problem is structural mismatches, as well as other factors like people preferring to take extended unemployment rather than working. You can't fix that with more liquidity. One of the most respected modern economists, Paul Krugman, would probably say "well, it can't hurt". And according to their models, it can't. Unfortunately economists and central bankers seem to do be doing their absolute best to turn a blind eye to obvious asset bubbles. SPX is up nearly 48% since pandemic lows less than 18 months ago, while the Nasdaq is up nearly 58% in the same period. Meanwhile the real economy has been absolutely hammered. The [Shiller PE ratio](https://www.multpl.com/shiller-pe) is at 38.25 at time of writing - a level unseen since prior to the bursting of the dot-com bubble. It is clear that there is a severe disconnect between fundamentals and asset prices due to excessive liquidity in the system. + +If the Fed manages a controlled walk down of interest rates, and earnings continue to grow into current valuations, then no problem, right? Right. It's possible. But that would be hoping for the best. William White argues that it's more rational to prepare for the worst rather than naively hoping for the best. A long series of things would have to go according to plan for this bubble to be "defused", and any number of unforeseen events could arise in order to knock the whole plan off track. Some examples come to mind (and these are just the ones that we can fathom... the whole point is that there are more that we probably can't): Delta variant or other Covid-related scares, geopolitical tensions with China/USA/Taiwan, inflation running hotter than expected, etc. + +And speaking of inflation, why in the world is the Federal Reserve so confident that inflation is transitory? As I mentioned above, YoY and MoM inflation expectations have come in consistently higher than expectations over the course of the last few months, oftentimes to the tune of 70-80%. If whoever is making these predictions is getting it so wrong in regards to the numbers, who's to say that they aren't getting it wrong in regards to it being transitory? + +Look, it very well may be: the supply chain disruption argument is a valid and strong one. But nobody has a crystal ball. The Fed is not an all-seeing eye where they can simply predict exactly what is going to happen. One might hope that the Fed would be more prudent and humble in their analysis of the situation. + +And certainly the Fed has a long history of getting things wrong. In early 2007 Ben Bernanke famously declared that subprime was "contained". Just a few months later, when the crisis did begin to arise, Jim Cramer called out Bernanke for "being an academic" and for being out of touch with the situation on the ground. Look, I don't really like Cramer, but I do believe he was in the right at this particular moment. This sub won't allow me to link it here, but I recommend looking up "Cramer tells Bernanke to wake up" on YouTube. It's worth a watch. + +Let's not forget either that even before these two events the Fed absolutely failed to anticipate the crisis in the first place. Later they would say that such a crisis was unpredictable, and totally based on panic. But they forget the fact that people like Dr. Michael Burry, of Big Short book and film fame, did see it coming. All of the people in that book saw it coming. Even [William White saw it coming, and warned Alan Greenspan of it at Jackson Hole in 2003.](https://www.spiegel.de/international/business/the-man-nobody-wanted-to-hear-global-banking-economist-warned-of-coming-crisis-a-635051.html) The Fed, however, did not see it coming. Bernanke would also claim that the crisis was nothing more than old-fashioned financial panic, and that if not for the panic it would have been the equivalent of merely "a bad day in the stock market". This is a convenient view for him to take, as it alleviates him of all responsibility for completely bungling the situation. Even [Paul Krugman challenges Bernanke's assertion that it was all related to financial panic and not at all tied to fundamentals in the housing market](https://www.google.com/search?q=Paul+Krugman+Great+recession+bernanke&oq=paul+krugman+&aqs=chrome.1.69i57j69i59l3j35i39j69i60l3.2811j0j7&sourceid=chrome&ie=UTF-8). + +Of course, Bernanke and those around him would hold on to their view that nobody could have seen the crisis coming, and go on to congratulate themselves for rescuing the country and the world from a crisis that they themselves had failed to prevent. + +&#x200B; + +**Where We Are Today** + +And that brings us to where we are today, with massive monetary stimulus coming from the Fed and all major central banks as a response to the Covid-19 crisis. The response to 2008 was seen, rightfully in many ways, as a success. By injecting liquidity into markets when they needed it most, the Fed and other central banks were able to stave off the next Great Depression. Unfortunately, however, apart from their failure to prevent the crisis in the first place, central banks have also failed to take into account the limitations of their policies. Not only have their policies become less effective, but they've also opened the door for a dangerous array of unintended consequences (William White talks about both issues [here](https://www.dallasfed.org/~/media/documents/institute/wpapers/2012/0126.pdf)). William White also says that, contrary to what the Fed seems to believe, monetary policy "is no free lunch". + +Recovery since 2008 has been asymmetric: we seem to be trying to fix deep, structural problems via simple injections of liquidity. Meanwhile, [inequality grows](https://hbr.org/2018/09/research-how-the-financial-crisis-drastically-increased-wealth-inequality-in-the-u-s), the poor get poorer, and political and social unrest continue to grow as a result. It's a dangerous path to go down, and rather than try to explain it myself, I would recommend reading the White paper I linked above. One clear and present danger I see today, which White mentioned in the paper, is the presence of serial bubbles: the dot-com bubble led to the housing bubble, and the housing bubble has led to the current stock market bubble, only to be aggravated by the Covid crisis and the Fed's response to it (ironically causing a new bubble in the housing market as well). If something unforeseen were to happen, these bubbles could pop, causing lasting damage to Main Street. + +Another issue I see now is that, if we were to have another crisis, what more could be done? How much higher can the Fed expand their balance sheet? How much more deficit spending can the federal government engage in? I believe that we are dangerously close to exhausting our policy options. + +If everything goes according to plan, it's possible that everything works out just fine. The issue, however, may be in assuming that everything will go according to plan. + +&#x200B; + +**What To Do as an Investor** + +I'm not an expert at this, but I would not tell anyone to go cash right now. I would say, however, that it may be wise to hold a larger cash percentage than you're normally accustomed to. If you normally hold 5% in your portfolio, for example, then maybe you'd consider holding 10-15%. This will provide for buying opportunities in the event that we do have a major correction, and it will also help to preserve capital. That said, full cash does not seem to be the way to go. If you're waiting for a crash, you may be waiting forever. + +What I would recommend, and this seems pertinent to a lot of what I see on this subreddit, is diversification. I see people with dangerous allocations into overvalued tech stocks ("buy Microsoft at any valuation"), holding 3-4 tech stocks as their whole portfolio, a 2-fund portfolio with levered funds UPRO and TQQQ, etc. I see people holding large allocations of ARK funds and other "disruptive" tech with unproven track records. I see people recommending lump sums right now, because, "on average", they do better. + +If it were me, I would diversify and play it more conservatively. VOO would be infinitely better than UPRO, for example. A diversified portfolio of blue-chips which very well may (and should) include stocks like Microsoft would be infinitely better than *only* holding Microsoft. Patient dollar cost averaging would probably be wiser than dumping one's life savings into an S+P 500 index fund at the moment. + +I would also encourage people to look at fundamentals. One should never, IMO, feel the urge to pay for a stock at 30, 35, or 50+ times earnings just because of "future growth potential". It's a gamble. + +In the end, all of these strategies that I am opposed to may end up working out and may even end up doing better than my conservative approach. The problem, however, is what happens if they don't. + +&#x200B; + +**TL;DR, Summary, and Final Thoughts** + +As humans we seem to have a problem with humility. In some ways I think it's painful for us to accept our limitations and fragility. Thus, it's easier for us to pretend that the world is predictable, orderly, and within our control. This fallacy has made it's way into the field of economics and by extension into central banks and the Federal Reserve. Current policies, encouraged by the "success" of 2008, operate under the fallacy that the economy is orderly and able to be controlled with surgical precision, rather than accepting the unpredictability of the economy as a complex adaptive system and taking measures to be prepared for black swan events which will inevitably occur. + +As a society and as investors, we can certainly hope for the best, and sometimes the best does manifest itself, and in those cases such optimism does tend to lead to better outcomes for those who profess it. However, perhaps a more prudent, realistic approach would be to prepare for the worst, or at the very least recognize our limitations and put measures in place in order to mitigate the damage which can be caused by unforeseen disruptive events. + +Good luck and best wishes to all. +When I read posts in this sub it seems like people here make far more than average. It makes me wonder if this is practical for the rest of us. + +Do we have any average earners having success? My wife and I combined make around $85k/year. +I took an extra dose of addy today, and now cracked a bottle of wine. Feeling a little extra but holy shit do I love you all. We are making money like very few of us ever have. I up like 5k the last two days and it is blowing my mind. I was an executive chef. I have worked 100 hours in a week. I almost feel like I am taking back those hours I was never compensated for. It all trickles down right? Anyways, this community is the tightest and kindest I have ever experienced on Reddit and I have been on this site for over 10 years. (acct is only 9 years.) I have seen movements come and go, but holy tits this community is wholesome. It goes to show how effective income inequality is at fucking with our heads. We are all about to feel relief we could have never imagined. We are going to be able to take care of our loved ones, chase our dreams, and take a fucking deep breath for once. I know some folks are already there, but man financial stability is something foreign to me. My mom is almost 60 and is working 60 hours a week because my Dad has a chronic disease and had to go on disability at 50. We lost our house in 08. I just want to give my Mom a second to fucking relax. That is all at the end of the day. Lambo's or foodstamps, but it's actually Momma in that lambo or foodstamps for me. +You adopted Bitcoin cash. You did it during the time when thousands of new people are rushing to your site each day. People that don't know the difference between the currencies and will buy Bitcoin cash because it's cheaper. You can't even handle the volume of the demand for the three coins you had. You said stability and security and then segwit are your priorities. You then decide to add a shit coin. The problem here isn't necessarily your decision, it's the power you have as the on ramp into crypto. I think you do a good job overall but I really can't wait until you have a competitor. I feel like you just hurt Bitcoin by doing this. +Just so I could tell some people "I told you so" and they learn their lesson early on. + +However, this is not a good way of thinking - when I go a bit deeper I really want all my friends to make some good cash even though they made some risky investments. + +I missed the train, I shouldn't be sour about it. I'd love to go back a month and go all-in on Doge and cash out right now, but I can't - and I shouldn't feel bad about that. + +I'd be no different than all the non-coiners waiting for "the bubble to pop" so that they can tell us the same "I told you so". + +So anyways, whatever you're invested in right now, whether it's a meme coin or the must cutting-edge technology underappreciated crypto project, I hope you make it and have a prosperous future ahead. +Quick background story, I am not a whale but I have a decent amount of shares with the average price of 250ish! I went to my bank for my transfer bc they wouldn't let me phone transfer! Red flag one! I went to the agent, he did some stuff on the computer and told me it was good. First attempt!(early April!) + +Two weeks later, nothing happened. I emailed him and he said I will follow up with you. I waited another week before going back to the bank. This time he made me sign a bunch of papers with what I was holding and filed it to the "transfer people." Nothing happened again and I kept asking him what was happening but I was busy with school since it was exam period (late may) so I just left it there. + +Now this is my 3rd time trying, I went back like last week and the guy apologized and saying he is gonna rush it and I am going to see my account being transferred within 5 business days. (July 20th ish) I woke up today and indeed the account was transferred but it was a partial transfer!!! All my other stocks transferred (not a lot of stuff since my portfolio is like 95% gme) but my gme shares wasn't fully transfered. About like 30% of my shares were not transfered. I am a high 2xx ape and it is not a lot of shares! Why did it not work? I am not sure? They can't locate my shares?! Why did it not work before and the guy never gave me a proper explanation! He claimed he screwed up the fee, I had 100 bucks in the account and the fee was only 15 bucks but I have savings as well! + +My account type is CASH! Not margin + +Any thoughts is appreciated! Diamonds hands!!💎✋🚀🚀 + +Edit one: I need to clarify I was trying to transfer out of TD Waterhouse (Canadian version of Ameritrade) to Questrade since I have more shares of GME there + +Edit two! I forgot one important part!! During the second time when I signed a bunch of papers!!! They only transfered my Canadian cash account. I had like 100 bucks of cash in there but the US account did not transfer (the one I am holding GME shares!) That was my second try and it is really weird cuz others are also having similar issues with TD! +Usual disclaimer: I don’t know what I’m talking about, all of this is probably wrong, fact check and do your own research. + +I wanted to jot down all the lasted info and resources on SR-NSCC-2021-801 and SR-NSCC-2021-002, and when they may get approved. I will refer to the changes as NSCC-801 and NSCC-002 for short. + +March 5, 2021: [DTCC Important Notice](https://www.dtcc.com/-/media/Files/pdf/2021/3/5/a8974.pdf) describes two changes: + +1. An Advanced Notice ([NSCC-801](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801.pdf)). +2. A Proposed Rule Change ([NSCC-002](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf)) + +NOTE: both of these need to be greenlighted for the proposed change to go through. + +Here's where to see the status of the changes: + +* Official [DTCC rule change updates](https://www.dtcc.com/legal/sec-rule-filings.aspx?subsidiary=NSCC&pgs=1) +* Official SEC updates for [NSCC-002](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002) and [NSCC-801](https://www.sec.gov/rules/sro/nscc-an.htm#SR-NSCC-2021-801). + +&#x200B; + +These changes are governed by these rules, which lay out the deadlines: + +* For NSCC-801: [Section 806(e)(1)](https://www.sec.gov/rules/final/2012/34-67286.pdf) +* For NSCC-002: [Section 19(b)(2)](https://www.law.cornell.edu/uscode/text/15/78s) + +Event Calendar: + +|✔️2020\_05\_21|NSCC\_002|Changes approved by the Risk Committee of the Board of NSCC. (Note: this was a long time ago)| +|:-|:-|:-| +|✔️2021\_03\_05|NSCC\_801, NSCC\_002|[NSCC-801](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801.pdf) and [NSCC-002](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf) filed to SEC. An [Important Notice](https://www.dtcc.com/-/media/Files/pdf/2021/3/5/a8974.pdf) posted by NSCC.| +|✔️2021\_03\_18|NSCC\_801, NSCC\_002|Published on SEC sites [NSCC-801](https://www.sec.gov/rules/sro/nscc-an.htm#SR-NSCC-2021-801), [NSCC-002](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002).| +|✔️2021\_03\_24|NSCC\_801, NSCC\_002|Published on Federal register [NSCC-801](https://www.federalregister.gov/documents/2021/03/24/2021-05993/self-regulatory-organizations-national-securities-clearing-corporation-notice-of-filing-of-advance), [NSCC-002](https://www.federalregister.gov/documents/2021/03/24/2021-05995/self-regulatory-organizations-national-securities-clearing-corporation-notice-of-filing-of-proposed)| +|✔️2021\_04\_08|NSCC\_801|Comments due. [Here they are](https://www.sec.gov/comments/sr-nscc-2021-801/srnscc2021801.htm). Lots of them ;-)| +|✔️2021\_04\_14|NSCC\_002|Comments due. [Here they are](https://www.sec.gov/comments/sr-nscc-2021-002/srnscc2021002.htm)| +|✔️2021\_05\_04|NSCC\_801|SEC posted that they have no objections on the deadline day. Required notice period ended (60 days from SEC filing). Timing from [Section 806(e)(1)(E)](https://www.sec.gov/rules/final/2012/34-67286.pdf). "\[...\] within **60 days** of the Commission’s receipt of the Advance Notice,” unless they request more info. No objections noted [here](https://www.sec.gov/rules/sro/nscc-an.htm#SR-NSCC-2021-801).| +|✔️2021\_05\_08|NSCC\_002|SEC delayed the decision. (Options were to approve/disapprove, extend time, or start proceedings. The deadline was 45 days from publication). Timing from [Section 19(b)(2)](https://www.law.cornell.edu/uscode/text/15/78s): “not later than 45 days after the date of publication \[the SEC will\] approve or disapprove the proposed rule change; or institute proceedings”. Delay noted [here](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002).| +|2021\_05\_31|NSCC\_002|New extended comment period ends. Find the link to submit comments [here](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002).| +|2021\_06\_21 or earlier|NSCC\_002|SEC to decide within the extended period (approve/disapprove, or start proceedings). The date is stated directly, but the allowed timing is in [Section 19(b)(2)](https://www.law.cornell.edu/uscode/text/15/78s): “\[...\] may extend \[...\] by not more than an additional 45 days”. Look for updates [here](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002).| +|2021\_07\_06 or earlier|NSCC\_801, NSCC\_002|**Optimistic scenario**. If approved during the above period, Implementation within 10 business days after both the NSCC-801 notice period, and NSCC-002 is SEC approved. From [NSCC-801](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801.pdf): “NSCC would implement the proposed changes no later than 10 Business Days after the later of the no objection to the advance notice \[NSCC-801\] and approval of the related proposed rule change \[NSCC-002\] by the Commission. NSCC would announce the effective date of the proposed changes by Important Notice posted to its website. “ We'll know when this happens by checking [DTCC important Notices](https://www.dtcc.com/legal/important-notices?subsidiary=NSCC&pgs=1)| +|2021\_09\_20 or earlier|NSCC\_002|**Pessimistic scenario** (going through SEC proceeding): SEC to approve or deny (within 180 days of publication). Timing from [Section 19(b)(2)](https://www.law.cornell.edu/uscode/text/15/78s): "not later than 180 days after the date of publication \[the SEC\] shall issue an order approving or disapproving the proposed rule change."| +|2021\_10\_04 or earlier|NSCC\_801, NSCC\_002|**Pessimistic scenario** (going through SEC proceeding) Implementation within 10 business days ... (details above).| + +&#x200B; + +I'm running with calendar days where unspecified (just "days"). If you know better let me know. + +There are provisions for expediting emergency changes, but NSCC didn’t classify this as an emergency change. + +In conclusion, there's a wide span when this rule change may happen. It may happen today, but it equally may not happen before September/October. So, don't get excited about nearby dates, but know that this change is lurking like a shark and may happen at any moment. I sure hope it happens soon! + +Please let me know if you have a different reading - I'll happily add edits. + +Edits: defaulting to calendar days instead of business days. basing 002 approval on publication date instead of the filing date. Updated NSCC-002 dates based on info from u/Basting_Rootwalla. The changes were dated 3/18, but actually published to the federal register on 3/24. Shifted dates. + +Edit 2: updated reflecting delay action on 5/7 +READ THE WHOLE FUCKING THING. + +I don’t care if you only want $1k because you’re already a millionaire at that price. (After the peak) If your floor isn’t AT LEAST 10 million, you need to get some shit straight. + +It doesn’t matter if you are only holding for the X apes, it doesn’t matter if you’re only holding until the last second to just become a millionaire. IT DOESN’T MATTER! + +Instead of only taking what you feel that you deserve, take MORE than what you deserve and DONATE IT. Being greedy doesn’t always have to be about YOU! It can be about being greedy for your family, your friends, the people who love you. Give back to your teachers who inspired you, the community that raised you, the hospitals that nursed you. GIVE BACK. Be GREEDY AS FUCK SO YOU CAN GIVE BACK. + +Also, if there are any apes who want to talk with others who are like minded, my DMs are open. I understand that it’s difficult feeling like you’re the only one who knows what’s going on. We will need each other more than ever during the MOASS. Find a trusted ape buddy to talk to and set your heart straight! + +I love you all. 🤤🥴🦍💎🚀 + +Edit: had a few DMs come in and you guys are awesome. Keep em coming! I’ve got nothing to do but enjoy life :) +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. +Seriously, + + +I unsubbed months ago because of all the brain-dead reposting. Yeah yeah yeah you just like the stock, shorts r fuk, delight customers blah blah... I got it the first 100 times. Every now and then I drop in to see what's new and most of the time it's nothing. Just another re-post of a Tweet, DRS, a dead meme format or some other shit. + +Or worse off, people here will find an interesting lead and just make a post to ask someone else to look in to it for them. Holy fuck. + +That's exactly why I know you mf'ers are going to hold. Ain't no way people who put that little effort in to their posts will pass up an opportunity to make a lot of money. You were made for holding - literally just holding and doing nothing. I'm 100% sure that people here will refuse to sell even at ATH because selling would take more effort. Y'all refuse to look at YouTubers/Twitter clout chasers pumping other stocks because that means monitoring more than one stock and that's too much effort. + +In a way, it's annoying. In another way, there's no way something like this can ever be successful without a community this fuckin' stubborn. + +Never change, SuperStonk. +I was reading a post regarding shills trying to convince us that the floor is 1k or whatever the hell, and some apes were asking why they would even bother to try. Scoff scoff. That's when my smooth brain went 💡💡⚡⚡🤯🤯. + +Let's say for a second that's not a rhetorical question. + +Why would hedgies try to fool us, when they know apes are the most diamond handed vengeful bastards in the known universe? + +What if - hear me out now - what if it's not us they're trying to convince? + +If the hedgies (and SEC and DTCC and Feds) know 1. there's no way out of this for them and 2. apes are going to see them in hell before they sell (not a bad slogan tbh), then Plan B would be to make the squeeze the least catastrophic as possible BESIDES what they pay us. + +Maybe, just maybe, ~~Christmas means just a little bit more~~ they've resigned themselves to the fact that apes are without question going to make a fucking fuckton of money in the squeeze. Period. 🥳🥂 Then their next best strategy would be to convince as many agnostics as possible to paperhand at 1k, 5k, 10k. Not that GME is a religion OMG SHUT UP I CAN'T HEAR YOU LALALA. + +They won't give up trying to psych us out to the bitter end, of course, like the raptors pathetically trying to bite the T-rex before he rips them apart at the end of Jurassic Park, but when you see fud from now on, remember that it might be aimed at everybody BUT us - those who don't have balls of adamantium. + +In closing, your confirmation bias for today is that they know we can name our selling price, and now we know they know we can name our selling price, and once the interns read this they'll know we know they know. Wow, know doesn't even look like a real word anymore. + +Interns! We know you know we know. Blow your damn whistle before the carnage ensues! 🚀🚀🚀🚀🚀🚀🌕🌕🌕🌕🌕🌕 +Hello, + +Hopefully this is allowed. Full breakdown of my finances. Mortgage and home, salary, pensions, budget, savings, investments and goals. + +Advice me, critic me or rip me to shreds if I’m being delusional, I can take it. + +30 years old, couple, South East London/Kent + +Myself and my partner, current combined income of £68,000. Overtime could be anywhere up to £15,000 a year but as a conservative estimate I will say £6,000. + +Just purchased a house so actual savings are now low and all dumped into a current account (was previously spread around high interest current accounts, Marcus and HTB ISAs) + +Price £375,000 +Deposit £18,750 - 5% +Mortgage £206,250 - 55% +HTB Equity loan £150,000 - 40% +5 year fixed rate @ 1.9% + +Vanguard S&S ISA - £500 (only just started this) FTSE Global All Cap + +Cash - £10,000~ but will probably spend a lot of that on furniture. + +Monthly budget + +Mortgage £675 +Ground rent and service charge £130 +Water electric gas £120 +Broadband £30 +Pet £30 +Food and toiletries etc £400 +Cars (we need two cars) £370 +Petrol £120 (probably a bit less) +Car maintenance £50 (saved separate for yearly service costs, cars under warranty so unlikely any repair costs) +TV licence £12 (average of the year) +council tax £113 +Netflix and amazon £18 +Phones £75 (ones sim only, will move both to this when contract ends) +Contents insurance £15 +Car insurance £100 (might get cheaper on a joint policy next year) +Gym £45 (one is free at work) +Holiday fund £400 (so we can go on holiday every 6 months or so) +Vanguard S&S £500 +Fun £400 (£200 each for meals, haircuts, going out etc) + +(Couple of costs have been estimated, such as food, contents insurance, and the utility bills) + +Total out goings - £3606 + +Total income after tax and gross salary deductions (pensions etc) is £4,200 (this is the minimum, based on the last 6 months pay slips including OT it has been £4,700, but this isn’t guaranteed) + +This leaves min £600 unaccounted for (more on this later) + +We also both pay into a pension, these amounts have already been deducted from the above total income. One is expensive (£450~) but is a DB and will probably be worth about £24k a year, the other I don’t know the details of, but is the minimum 5% + 3% employer, we should probably up this. + +Next year our total salaries will increase to £78,000 basic, making the monthly net income £4700 minimum - £5300 (with decent amount of OT) + +In 5 years time we will have to remortgage and will hopefully buy out the HTB equity loan. + +I want to retire ASAP, 50-55 years old? With no mortgage and £35k per year net. + +1. Where should I put the excess income? (Current £600 per month, next year to be about £1100). Into the ISA or overpay the mortgage? Obviously the investment time is 5 years, until I will need the cash to buy out the HTB ISA. I could switch the vanguard to something weighted more towards bonds like life strategy 20 or 40? Maybe split between the ISA and over paying? Assuming a very small/moderate value increase of the property, after 5 years with no over payments we will owe £184k mortgage and £166k on the HTB equity. + +2. Should we increase the payments into the second pension now? Or do I need as much cash/investments for the short term to sort the HTB ISA? + +3. Any advice on the budget? Improvements etc + +4. Is my FIRE goal realistic? Give me a reality check if I’m dreaming. After the HTB equity loan is sorted I’m planning to smash everything spare into FTSE global all cap. Should I also be putting £4K into a S&S LISA with the same fund whilst earning an extra £1k per year free? + +Thanks +As per the title , how much do you typically keep in your current account after bills are paid out, assuming any emergency funds are stored somewhere else? + +For example I have a bills pot in my Starling app which takes care of the monthly stuff, investments etc, and I transfer the rest of my salary to my Chase account, which I use for daily spend. Emergency fund is with Chase too. + +I just leave few of hundred quid in my Starling account in case I've forgotten about a random bill increase, or have to purchase something that I don't want to take out of the emergency fund. +Where would you invest 30k right now? We have come into some inheritance money, and would like to see how other people would invest this money. + +Background: + +Couple in late 20’s that would like to buy a house within less than 5 years. + +Person #1. Makes 60k a year. Has student debt. Student line of credit is 10k and owes 17k for the government students loans. + +Total debt = 27k of debt. + +Total savings: has 10k of retirement savings, 5k for house savings. + +Person #2. Just finished paying off debt and makes 90k a year. Has minimal retirement savings, around 3k. + +Does anyone have any good recommendations for a fee only financial advisor? +Im on the fence on how i should go about this purchase. I have the funds to do so on my DC but these funds can also pay off my CC entirely, then i would load the tires on my CC Or is it better to pay the tires with DC and hold the slowly chip away at the CC debt? +18f, got my first credit card 7 months ago. I was told to only spend money I have so if I spent 300 bucks on my card I’ll pay off the 300 completely, so i’m left with a 0 dollar monthly fee. I’ve been doing this the whole time. + +If i wanna better build my credit the best that I can, would it be better for me to not pay off the 300 (either partially or completely) and HAVE a monthly fee? or should i continue to fully pay off my spendings and have a 0 dollar monthly fee? + +My train of thought is that monthly consistent payments might look better than just right away paying off every time i use my card. +I have 2-3 years at a state college left, and I have an associates degree. Would it be better to pay for school up front out of pocket? Or should I take a loan because it would help my credit. I currently have 2 lines of credit, 2 credit cards with a score of 750. I have had one card for a year and another for 2 years. I do not have any other debt. Is having my credit cards enough to keep solid score or would it be better to add a loan and pay it off? Or, should I maybe pay half up front and pay the other half off later? +Hello, I am in the process of buying a home with my longtime girlfriend in a HCOL area. We will both be on the loan and title as 50-50 owners, however, I will be putting down approx. 66% of the 20% mortgage DP (20% down) and she will be putting down the remainder, basically because I can afford to put more down. We will be splitting all monthly costs evenly after we close on the mortgage. Also, if we sell the property, the current understanding is that we recoup our down payment costs and split any equity posts expenses 50-50. I have never gone into a huge capital purchase with a someone else (and I have never been married before). We have agreed to have a co-habitation contract that I would guess should include language on payment defaults, selling, etc. Any advice on this? (Much appreciated) +A trader eventually comes across the statistic that 90% of traders fail to make money when trading the stock market. This statistic deems that over time 80% lose, 10% break even and 10% make money consistently. Still trading attracts millions of people in the attempt to beat the market and make money. + +To quantify how bad the fact of 90% losing money is I compared it to a coin flip trading bot which makes a trading decision based on a virtual coin flip *random(0,1)* 🤖 + +Below are the results for + +* Trading $QQQ +* Random enter and exit on 30min intervals +* No stop loss +* Always exit EOD (no hold over night) +* 100 simulations per year to smooth it out + +[Coin Flip Bot Setup](https://preview.redd.it/5qofnedwzyi81.png?width=3360&format=png&auto=webp&s=bdb20bcb1779578f1830e3996341f8e9e27a5139) + +Year over year performance: + +|Year|Average Annual Performance|Best Annual Performance|Worst Annual Performance|Average Annual MDD| +|:-|:-|:-|:-|:-| +|2016|1.92%|20.38%|\-10.21%|\-6.65%| +|2017|3.08%|10.92%|\-4.10%|\-3.99%| +|2018|\-3.56%|21.65%|\-21.08%|\-12.05%| +|2019|4.80%|15.61%|\-6.75%|\-6.03%| +|2020|6.66%|33.63%|\-17.12%|\-10.69%| +|2021|2.41%|26.31%|\-17.97%|\-7.25%| +|2022|\-4.21%|3.91%|\-10.00%|\-5.40%| + +I expected it to perform worse than that ;) +Here's the statistic for 2016 to 2017. + +https://mobile.abc.net.au/news/2018-08-20/where-do-migrants-to-australia-come-from-chart/10133560?pfmredir=sm + +We can extrapolate that, in the last 5 years, India China UK and Philippines had the most immigrants. + +The most reasonable explanation of why immigrants leave in a recession that I've heard is "it's better to be unemployed in your home country with an extended family support system (financial, mental, and emotional) than be unemployed in your adopted country (Australia) by yourself". + +Given the situation in India, China, UK, and Philippines, will the Aussie experience be similar to what happened to immigrants, let's say Polish in Ireland and Mexicans in the US? +There are plenty of conversations around savings, mortgage repayments as a percentage of income and whether redditors are in mortgage stress or not. What I don't see as much and am really interested is how much people typically spend on living. + +We're a modest family of 4 in Perth and spend $5500/m. It's easy for us to calculate as we use our CC for every single transaction and have divided total spend by the 12 months. No car payments, no mortgage. Just bills, food, gifts, weekend entertainment, schooling(government), sports and anything required to cover a family of 4 from one year to the next. + +Really interested to know what others spend on average per month across the year... +Via [Bloomberg](https://www.bloomberg.com/opinion/articles/2022-03-10/ukraine-war-should-cause-fed-to-slow-down-its-rate-hikes?sref=q1j4E2z1) (non-paywall link at [archive.is](https://archive.ph/7zYIA)): + +>The U.S. Federal Reserve is widely expected to raise interest rates by at least a 25 basis points next week. And if inflation stays high, the Fed is “prepared to raise by more than that” in the coming months, Chair Jerome Powell said last week. +> +>That would be a mistake. After next week’s hike, the Fed should hit pause for at least the next several months and possibly through the summer — even though the war in Ukraine will no doubt make inflation worse in the U.S. +> +>It’s unclear how bad the conflict will get, the effect it will have on the region and whether it will lead to a global recession this year. The probability of that last is less than the most extreme predictions, but is nonetheless real. +> +>A more aggressive Fed might use a recession as an opportunity to rapidly bring down inflation by sticking to its rate-hike schedule. That is risky policy, and one that [Powell seems disinclined to take](https://archive.ph/ybhBA). If a recession hit, it’s likely that the Fed would simply have to reverse any rate hikes it had made in the preceding months. +> +>A see-saw pattern in rates would weaken the overall impact of the Fed’s policy. Consider, for example, the plight of a homebuilder who cuts production next summer in response to rising rates. She is not likely to increase production immediately if rates fall in December; she’d want to wait for a signal that rates will remain low for a while. From the Fed’s perspective, it would be more effective to leave rates alone, encouraging her to keep production high for the next several months. +> +>There are also risks to consider beyond outright recession. The direct costs of higher energy and food prices will cut into consumer savings. Even more important, spiking commodity prices are likely to dent consumer confidence, leading to reduced spending on other items. +> +>Another consideration is the effect of the war on developing markets around the world. Higher food and energy prices will hit their economies harder. Global uncertainty will lead investors to move funds out their markets and into the U.S. That could cause a drop in the demand for U.S. exports, which are geared toward investment goods such as heavy machinery. That would reproduce some of the effects of the mini-recession that swept the Midwest in 2015 and 2016. +> +>At the same time, money flowing into the U.S. from both developing markets and Western Europe will cause the dollar to rise and the relative prices of imports to fall. As consumer spending shifts toward imports, that will cool some of the underlying inflationary pressures in the U.S. +> +>The near-term environment is complex. It’s unclear how long the war will last and how far-reaching its effects will be. The ideal Fed response, however, is straightforward: **Go ahead with the rate hike next week. But make it clear that there won’t be any more for at least two more meetings, and then only as the fallout from the war in Ukraine becomes more certain.** +The biggest living expenses is around housing. The bigger the house is, the more expensive it is to pay for it and maintain it. Utility bill gets bigger too. So the most sensible method is obviously to reduce housing to the minimum to increase our saving rate in a meaningful way. At least that’s the theory. + +I make very high income from my job and investment returns. I was qualified for more than a million dollar loan to purchase a new construction custom home. It was tempting to move into a a dream home with all the amenities and custom features I wanted. But after much debating and soul searching, I decided to stay put in my 2 bed 2 bath 900 sqft home. My family size is only 3. We are comfortable and have everything we need. If I pull the trigger, I can easily pay off the remaining balance or cover payment from my stash. + +I am wondering who else out there are choosing to stay in small home? How many people live in it? Does that decision play a major role to enable you to FIRE? Or oppositely, do you wish to downsize/simplify to speed up your FIRE journey? +I'm 24 years old, and on a £30k salary. + +I have a standard current account and a saving account, that I put a lump sum of my salary each month. + +&#x200B; + +I've read a lot about the importance of investing now, but struggling to find the best account / product to use. + +I was reading an article that stated if I save £20 a week as a 24years old, by the time I'm 65, with compound interest, this will equate to something near to £650k. (Unsure if these stats are 100% correct - but the idea still stands) + +&#x200B; + +I've looked into MoneyBox, but wondered if there was better options on the market. Thanks! +**Introduction:** + +I’ve seen a ton of discussion of Grid+ on this sub and others recently, but it doesn’t seem like those that are posting have actually read up about the project yet. This post is my summary of the Grid+ project, thoughts on token valuation, concerns, and additional resources. + +I’ve been following this team and project closely for the past few months and I’m planning to invest in their ICO this coming Monday, November 30th. Grid+ is one of the main ConsenSys spokes and is advised directly by Ethereum co-founder Joseph Lubin; the project is a blueprint for mainstream blockchain adoption and ConsenSys can, must, and will deliver real world results within the next year. + +This post isn’t a social media bounty like shady ICOs push on Bitcointalk and I’m not associated with the team. I am just convinced this is one of the most exciting projects in blockchain right now because the team is barreling ahead on real world implementation for ordinary consumers. So, read this skeptically; I’m presenting my outlook and the data I base that on so that others can easily dive in and draw their own conclusions. + + +**Project Synopsis:** + +Grid+ allows customers to use their Smart Agent energy meter to access wholesale market electrical market rates and purchase at the lowest available cost as opposed to paying a much higher monthly fixed rate like retail customers are forced to do now. Customers in deregulated energy markets don’t need to understand cryptocurrency, they just need to know that they can buy their electricity from Grid+ and save money. + +Energy consumers in the U.S. typically pay a fixed rate that includes greater than 100% markup, but by giving customers access to variable wholesale rates they anticipate providing savings of over 40%. + +The Smart Agent does more than that though: it is actually a Wi-Fi enabled hardware Ethereum wallet that can be used for staking after the shift to proof of stake. Additionally, the Smart Agent will adapt to consumption patterns and optimize its purchasing strategy for each users’ needs. + +Those who produce their own electricity to sell back to the grid will also benefit from the Smart Agent automatically selling at optimized rates. As the electrical infrastructure advances and consumers add storage batteries to their homes, this will provide greater opportunities for savings, profits on selling back to the grid, or even automatically conduct temporal electricity arbitrage to generate revenue. Calculations are provided in the white paper for how this could result in a Tesla Powerwall II to paying for itself within six years of use. + +If ConsenSys can successfully launch this project, it could serve as the archetype for much of what’s to come on the Ethereum blockchain. Massive future transaction volume is more likely to come from connected devices like the Smart Agent than from cryptocurrency retail point of sale transactions (which I think is a poor use case for blockchains). Devices that just deliver consumer benefits without them having to even know what a private key is will drive adoption in a whole new way. The pitch writes itself: buy this electrical meter and prepay and you save 40% on your bills forever. + +Team member Karl Kreder (who has a PhD in Materials Science researching advanced battery technologies) likens the Smart Agent to the AOL CD-ROM in the 90s: a simple and ubiquitous means of getting regular people using the Ethereum blockchain every single day. A trojan horse for making Ethereum part of day to day life. + +**The Tokens:** + +The system uses two tokens: BOLT and GRID. + +BOLT is a U.S. dollar pegged stable token that consumers will use to pay their bills. They load their Smart Agent via a cell phone app and then the meter automatically purchases (or sells) power at the best possible prices available at that moment. Preloading the meter rather than paying for the previous month’s usage means Grid+ doesn’t waste any money on bad debt collection, which is among the largest expenses for energy retailers. BOLT tokens are created when purchased and destroyed when the money is spent. + +GRID represents 500 kWh of wholesale electricity. A fixed number have been created and when redeemed by a customer, they are destroyed forever. This is the token available during the crowd sale. Savvy customers can buy these on the secondary market to redeem them for even more savings. + + +**Token Valuation:** + +GRID is being offered at $1.15 at ICO with a Eth spot rate to be determined just before the sale. Presale buyers were offered discounts for major purchases but the interest side effect of their purchase price being denominated in USD instead of a fixed Eth ratio is that presale buyers took on risk based on Eth price fluctuations. The presale period coincided with the September downturn so if they had to contribute in the mid to low $200 range their advantage will be severely eroded or gone if the current price is maintained through this weekend. + +Where can the price go after the crowd sale? Once customers are onboarded the full value can be calculated from wholesale rates. [You can download U.S. Government pricing statistical data in Excel format here]( https://www.eia.gov/electricity/wholesale/) + +Per the white paper the first market they are expanding into is Texas, followed soon after by California and New England, since each of these areas have deregulated electricity markets. Using Texas as an example u/hegeliansynthesis calculated that with an average price of $.075 per kWh 500 kWh would then be worth $37.50. Grid+ is planning to charge 30% markup, so 30% of $37.50 would result in a GRID token value of $11.25 or 9.782 times the ICO price. + +Using the above link and other publicly available data you can see the average price they based this on actually skews a little bit low. However, it would be rational to slightly discount the full value until customers are onboarded and able to redeem the tokens. The roadmap in the white paper sets a target of 5,000+ customers in their first target market (most likely Texas) by Q3 2018. Furthermore, customers are only incentivized to buy tokens on the secondary market if they are slightly cheaper than the rate already available to them. + +So, everyone on Reddit has been saying that the intrinsic value of the token is $11 or so, however, this is based on the first target region. [However, the team has already announced a partnership with Japan’s TEPCO.](https://www.coindesk.com/no-nuclear-japans-biggest-utility-turns-blockchain-power-pivot/) In Japan the average kWh is about 22.35 JPY which is $0.1963 USD which would result in a GRID value of $29.45 which is 25.6 times the ICO price. + +The value is based on where they expand and the customers onboarded. Speculating that Grid+ goes live in Japan in a year or two means the token works as a long term hold if you think Ethereum won’t 26x (~$7,800) in the same time period. + +There are more variables in this scenario, but even in markets where they would license the technology rather than act as a retailer (as might be the case with TEPCO) the team has stated a base requirement would be acceptance of the standardized BOLT and GRID tokens. + +**Concerns:** + +The ICO is a traditional first come first served structure. If it sells out within the first few blocks that may be a disappointment to the community and impact sentiment in the way it initially did with Basic Attention Token. + +Also, there are several competing blockchain electrical grid projects since it is a prime area for disruption. PowerLedger is one such project, but its focus is P2P energy trading and the infrastructure for this does not yet exist. Grid+’s first stage is to immediately act as a traditional retailer and establish a customer base that can eventually use the Smart Agent for P2P trading once the opportunity arrives in the real world. They’re not yet competitors, but eventually they might be. UK startup Electron is also building on the Ethereum platform but is at a more speculative stage in its development. + +The most likely immediate competitor would be incumbent retail energy giants implementing a similar solution, but if Grid+ makes headway as fast as planned hopefully it would be more appealing for them to license the Smart Agent rather than building a competing solution from the ground up. + +**Additional Resources:** + +**Videos & Audio Interviews:** + +* [What is Grid+](https://www.youtube.com/watch?v=rwkjAXom_6U) + +* [CTO Alex Miller explains Grid+](https://www.youtube.com/watch?v=EFx74jecwNc) +* [EthTrader mainstay Evan Van Ness's podcast interview with Alex Miller and Karl Kreder]( http://thebitcoinpodcast.com/an-ethereum-podcast-episode-4/) +* [Karl Kreder interview on Bloomberg](https://vimeo.com/235596031) +* [Karl Kreder interview on Epicenter]( https://epicenter.tv/episode/206/) +* [Video explaining how to participate in the Grid+ token sale.]( https://www.youtube.com/watch?v=Iw6rOY7LT88) +* [Crypt0’s video interview with Karl Kreder]( https://www.youtube.com/watch?time_continue=1&v=aIR8IOpT_fg) + +**Links:** + +* [The Project’s Home Page – Check out the full white paper!](https://gridplus.io) +* [The Grid+ Blog - Excellent In Depth Technical Explanations](https://blog.gridplus.io/) + + +If anyone else has any other links they think are relevant, please let me know and I’ll edit this post to include them. +These pump and dump posts are getting completely out if control, it's ripple this, doge that, moon such blablabla, this is the ethtrader sub, aka ether, the sub has become a littered mess now and it seems the mods are no longer able to keep up with the massive influx of newbies shilling their meme coins, all the while ethereum is breaking record after record.. + +Could this simply not be fixed by making newly joined members unable to post for some time? Maybe they can use that time to do some actual reading on here and get educated instead of falling for and promoting pump and dump schemes + + +Edit: Mods have suggested to set up a governance poll, which can be found here: https://www.reddit.com/r/ethtrader/comments/lch05z/governance_poll_temporary_post_ban_for_new/ +These pump and dump posts are getting completely out if control, it's ripple this, doge that, moon such blablabla, this is the ethtrader sub, aka ether, the sub has become a littered mess now and it seems the mods are no longer able to keep up with the massive influx of newbies shilling their meme coins, all the while ethereum is breaking record after record.. + +Could this simply not be fixed by making newly joined members unable to post for some time? Maybe they can use that time to do some actual reading on here and get educated instead of falling for and promoting pump and dump schemes + + +Edit: Mods have suggested to set up a governance poll, which can be found here: https://www.reddit.com/r/ethtrader/comments/lch05z/governance_poll_temporary_post_ban_for_new/ +Time in the market is the key factor, so if you're patient, you'll make decent money regardless of how much you have invested. + +Even if all you have invested is a few hundred dollars, that amount could be significant to you, and the gains you receive will also be significant, A smaller investment at first is ideal to test the waters, it gives you time to understand how crypto works, and do your own research on projects. DCA helps manage your Crypto investment, and is a favoured method of the sub. + +When I started I would've been amazed just to double my investment, things are looking good now thanks to my patience. Remember, only invest what you can afford to lose, do your own research, and don't be afraid to ask, we're friendly here. +We're coming to the end of our fix period and have a remortgage locked in at a favorable rate (2.2%) for 2 years, but due to changes in personal circumstances, we're considering instead moving to a bigger house which has been a medium-term goal for some time. + + +We're looking to move to a house worth nearly double our current property, so the increase in monthly payments based on interest is a bit shocking at the current rates for a 5-year fix (3.5%), although it is affordable. + + +Family/friends are convinced that now is a bad time to move, with high mortgage rates & recession fears, and would be silly to sacrifice our locked-in rate given rates have jumped. + +My counterargument is that we are ready to move and can afford the current rate and will lock in a 5-year fix to weather any potential short-term drop in house prices (praying we won't be in negative equity after 5 years). I feel they are trying to effectively time the market, which could leave us in a worse situation. + + +Although it may feel like we'll be paying a lot of interest, it will enable a house purchase that fulfills our goals which could potentially be out of reach if we defer for a few years (assuming house prices keep rising). Furthermore, we're leveraging our money more than we currently are, so any "smaller" increases will be more profitable than our current property? + + +To summarise, what I consider pros/cons: + +Pros +1. We're locking in our dream home and can avoid being priced out of it by waiting. +2. We can afford it now, this might not be the case if lenders tighten their lending criteria or rates keep rising and don't come back to what currently feels "normal". +3. If housing continues to appreciate, we'll likely profit more than our current property. + +Cons +1. Mortgage rates are expensive, we could save money by waiting for rates to go down and enable more disposable income (assuming house prices don't keep increasing and price us out of what we want) +2. Fears of a recession with house prices dropping and us getting a poor deal or worst case negative equity + + +I appreciate I may be making some incorrect assumptions here, so please keep me honest. What do you think, am I being naive? +Sorry for the long title, can anyone explain it to me like I'm five why China's economy is dropping it like it's hot? What are the core problems? I hear phrases like circuit breaker policy, and the government is artificially keeping their stock alive but I don't really understand it. What is happening? As a followup, can anyone explain how this connects to the problems with the American stock market in the last couple of days. +Hi guys, + +I'll be taking the first level this June and I'm currently just reading through the CFA texts. Would any of you have questions that I can practice? + +thanks! +About me: 32M, looking to purchase a few hundred acres of recreational land as a retreat/secondary home. I'm looking for an area that's really lush and forested and hopefully close to California (although Cali itself is too expensive). My price range is $1-2M. Oregon or Colorado seem like good candidates. Can you list your experience purchasing land, and how did you find it? Frankly, many of the properties online don't look as beautiful as I had imagined. +My parents are going through a divorce after being married for 40 years. My dad is going to be getting a 7-digit inheritance in the next several years and my mom’s only living parent is living off social security. + +I am considering putting down enough of a down payment on a condo that my mom could afford the mortgage payment and other expenses. She will be getting some money on the divorce, plus has retirement accounts and social security, but it’s not enough to buy something herself. + +Would love to hear from others that have gone through this experience or something like it. +Given the unpredictable nature of earning money in the arts a la the starving artist, I'd be curious to know if anyone has both struck it wealthy in a creative industry (sorry, not including entrepreneurs of the start-up variety) and approaches their finances from a lens of FIRE. This includes both artists and people on the business side of the arts. + +I'm in film production, have certainly met my fair share of wealthy artisans and producers, but have not heard much in the way of FIRE in those circles. +How big of a position are those guys holding in Jushi Holdings, legitimately every article mentions that company for being best growth, insane super growth in revenue, best small cap +Like arent u getting tired and blatant at some point +Any time the market rising people flock to cryptocurrency looking for "*the next big win*" and are constantly asking others to tell them what the best opportunity is. + +Because in many countries the cryptocurrency market is not a regulated industry, it is one that is ripe with manipulation and scams. The mod team here at /r/cryptocurrency regularly has to ban professional manipulation groups (sometimes as large as 800 members) who have been paid to promote projects. + +Given this, it's important to be able to do your own research and so I've assembled this handy guide for you. + +**Some tools that might be useful:** + +* [CoinCheckUp.com](http://coincheckup.com) - this is my preferred research site as they have a lot more data, and more diverse data than other price monitoring sites. + +* [Coinmarketcap.com](http://coinmarketcap.com) - this is one of the oldest price tracking sites, and is more popular than CoinCheckUp, but has less data. + +* [Delta Portfolio Tracker](https://getdelta.io) - A popular cryptocurrency potfolio tracker. (Downloadable app not vetted by /r/cryptocurrency) + +* [Blockfolio](http://blockfolio.com) - A popular cryptocurrency potfolio tracker. (Downloadable app not vetted by /r/cryptocurrency) + +**Disclaimers:** + +* Crypto isn't an investment strategy. + +* Crypto is highly volatile and highly risky. Any money put into crypto could be lost in a crash. It could take years to recover. It could never recover. + +* The following information is not financial advice. + +* This is a guide on how to perform research, and is formed from an individual opinion. It's focus is helping you debunk *some* of the under qualified advice that others try to give in this space. It should not be considered complete or sufficient. You should never base any decisions on things you read online. Use your own best judgement. + +Here is my personal approach to researching coins: + +**Step 1 - Understanding your risk profile:** + +A lot of people advocate for users purchasing cryptocurrencies and tokens that are "low-cap" ($10M - $100M) because they have the most opportunity to grow. + +While this may be the case, the smaller a coin, and the earlier the project the more risk there is that the project can go to 0. + +In traditional stocks some people are happy to make a 3% - 4% annual return, but would be in financial hardship if they lost money, and will invest in larger, safer and more stable stocks. + +Other people, would only be satisfied with a return of 7% - 12% annual return. These people may also be willing to lose all of their investment. In their case they'd look at higher risk and turn around companies. + +We say these two people have different 'risk profiles.' + +It's important with any purchase (even something like a car) to decide what your financial risk profile is. + +My personal view is that just because something has the highest chance of return, doesn't mean that it is the best opportunity. + +**Step 2 - Identify New Coins:** + +There are three ways I generally discover 'new' coins: + +* 1) Bitcointalk.org forum posts in the altcoin and token announcement sections. + +* 2) Coins mentioned here on /r/cryptocurrency + +* 3) Coins newly listed on https://coincheckup.com/newly-added as coins tend to list on price trackers very early on. + +**Step 3 - How I rule out coins:** + +One of the first things I do when examining new projects is find really strict criteria to remove projects from the list. + +Everyone should come up with their own list of things that voids a coin from being on their list, but here are a few I personally use: + +* I don't buy coins in industries I don't understand. +* I don't buy coins in regulated industries. +* I don't buy coins that are inactive in communication on social media. +* I don't buy coins that are registered in countries where I can't validate that a corporate entity. +* I don't buy coins if I can't find their executives on LinkedIn and validate it is a real profile. +* I don't buy coins that spam low quality partnerships on channels like /r/cryptocurrency +* If a coin is building a brand new technology, I won't buy it unless there is a detailed technical paper explaining the new technology. +* If a coin had an pre-ICO with discount, I tend not to buy it. If I do, it would need to be a small ICO discount and significant time would have needed to pass so that early investors have likely already dumped on the market. +* I don't buy coins if I wouldn't use them as a customer. + +These criteria I use to quickly filter down my list before I do some more detailed analysis. + +**Step 4 - Doing detailed research:** + +First and foremost I **read the white paper** and then I ask myself the following questions: + +1. Would I use this as a customer? +2. Would I pay that price as a customer? +3. Does this project require a new technology to be built? +4. If I look at the team behind the project, do they have a previous track record? Have they run a successful company previously? What happened to that company? +5. Does this team have the ability to build this technology? Are their engineers published in this industry? Do they have product managers and customer support? +6. Is it clear how the project will get users/customers? +7. Why are they using the blockchain - does it add value here? What are the pros and cons to using the blockchain here and why would the blockchain improve the current alternative? (Remember, right now blockchains are slow and costly in most cases) +8. Watch out for absolutist claims. Every projects has downsides and cons, a real project will be realistic in outlining those. + +After that, if it is an already launched project I check out the coin's detail page on CoinCheckUp for example the Bitcoin page: [https://coincheckup.com/coins/bitcoin/charts](https://coincheckup.com/coins/bitcoin/charts) + +I then look at: + +1. Tab "Analysis" > "GitHub Development" to see if there is active engineering development on the project. + +2. Tab "Analysis" > "Coin facts & figures" if it is a company I check the information on the CEO/CTO as well as some info on the team. + +3. Tab "Markets" - I check where the coin is trading to see if any of my preferred exchanges are available yet. If it's on limited exchanges, I look for non-sketchy ones. I also may look to see if there is a large spread between currencies. + +4. Tab "Charts" - I check that the volume has a decent, growing and steady turnover. It's easy to get trapped at a bad price in a currency that has a low volume. + +Once I've gone through those pieces of information, I usually check out the subreddit of the project and ask myself questions like: + +* Are they constantly announcing partnerships etc? If so, what will those partnerships do for me? Are they legitimate? If they are frequent low quality posts, I assume they are just trying to pump the market and I'll avoid it. + +* Are the users hostile towards people who are critical of their project, or who are asking questions? If it is a brainwashed, angry, subreddit that can't have any questions, I usually try and avoid. + +* Does their team's marketing/communication people respond to posts in a genuine fashion or is there a lot of "marketing" language with no real answer? + +**Final Tips:** + +* Finding "the next big coin" is overrated. When you weigh up the risk the odds are better that a divrese set of coins would be better. + +**Share your research methods!** + +Everyone has different research methods, and things they look out for. Consider sharing yours in the thread below so that others, especially new users, can learn from your methods! +Does anyone know a reason for GME up so much, or is this the beginning of the short-squeeze? In a short-squeeze, how high do stocks typically climb? + + +I'm aware that this will depend on how many people have shorted the stock, I'm more interested in how fast it will accelerate and what to look for and general trends from past short-squeezes +I've lost a lot should I just get out and go back to cash before it's too late?people are predicting it may take 10 years to get back there now. This is not a troll thread. +Sorry if this is a mess- I have no idea what I’m doing. + +My estranged mother died unexpectedly. Aside from dealing with the general confusion and sadness I am completely lost and overwhelmed with what to do financially. + +As far as I can tell by going through her paperwork she has at least $16,000 in debt between medical and credit cards. And that’s just what I have found so far. I have no idea what to do. Am I responsible for this as next of kin? I’m not listed as a co-signer or anything on any of them. Everything says it’ll be docked from the “estate” but there is no “estate” the only bank statement I can find says she had about $1,000 to her name. + +Do I need to cancel her social security and Medicare/Medicaid? Does that cost money? + +If this isn’t the right sub please let me know. I’m overwhelmed and incredibly distraught. + +ETA +First off, this has been incredibly helpful and I am so grateful for the responses! It is clear that I am not going to do/touch anything regarding her bank accounts or debt or anything. If debt collectors call me I will politely direct them to lose my number as they will not be getting a cent from me or the surviving family. I did call SSA to notify them of death so she’d stop getting benefits. + +Second, answers to some common questions up here since I am overwhelmed (in a good and super grateful way!) by the response: +1) she had no house, no job, and no assets. Literally just whatever was in the bank. +2) there is a will but my mother had tried to have it nullified; unclear what she meant by that or what happened. The lawyer is out of office this week but I’m going to call her next to get it all straightened out. Technically my older sister is the executor, but I am the alternate. +3) I am doing this for two reasons: while we were estranged from our mother, it wasn’t our choice. She was deeply unwell and estranged herself from us. We tried to have a relationship. And also, I’m doing this because while I was listed as an alternate on the possibly nullified will, my sister is too far away and not handling this well so it falls to me. + +Thank you all again for the help! +Quoting original article [at CNBC](https://www.cnbc.com/2022/01/06/the-fed-is-scaring-markets-with-the-triple-threat-of-policy-tightening.html): + +>Investors have been preparing for the Federal Reserve to start hiking interest rates. They also know the central bank is cutting the amount of bonds it buys each month. On top of that, they figured, eventually, the tapering would lead to a reduction in the nearly $9 trillion in assets the Fed is holding. +> +>What they didn't expect were all three things happening at the same time. +> +>But [minutes from the Fed's December meeting](https://www.cnbc.com/2022/01/05/fed-minutes-december-2021.html), released Wednesday, indicated that may well be the case. +> +>The [meeting summary](https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20211215.pdf) showed members ready to not only start raising interest rates and tapering bond buying, but also being prepared to engage in a high-level conversations about reducing holdings of Treasurys and mortgage-backed securities. +> +>While the moves are designed to fight inflation and as the jobs market heals, the jolt of a Fed triple threat of tightening [sent the market into a tailspin](https://www.cnbc.com/2022/01/04/stock-market-futures-open-to-close-news.html) Wednesday. The result saw stocks give back their Santa Claus rally gains and then some as the prospect of a hawkish central bank cast a haze of uncertainty over the investing landscape. +> +>Markets [were mixed Thursday](https://www.cnbc.com/2022/01/05/stock-market-futures-open-to-close-news.html) as investors tried to figure out the central bank's intentions. +> +>"The reason the market had a knee-jerk reaction yesterday was it sounds like the Fed is going to come fast and furious and take liquidity out of the market," said Lindsey Bell, chief market strategist at Ally Financial. "If they do it in a steady and gradual manner, the market can perform well in that environment. If they come fast and furious, then it's going to be a different story." +> +>Fed officials said during the meeting that they remain data-dependent and will be sure to communicate their intentions clearly to the public. +> +>Still, the prospect of a much more aggressive Fed was cause for worry after nearly two years of the most accommodative monetary policy in U.S. history. +> +>Bell said investors are likely worrying too much about policy from officials who have been clear that they don't want to do anything to slow the recovery or to tank financial markets. +> +>"The Fed sounds like they're going to be a lot quicker in action," she said. "But the reality is we don't honestly know how they're going to move and when they're going to move. That's going to be determined over the next several months." +> +>Clues coming soon +> +>Indeed, the market won't have to wait long to hear where the Fed is headed. +> +>Multiple Fed speakers already have weighed in over the past couple days, with Governor Christopher Waller and Minneapolis Fed President Neel Kashkari taking a more aggressive tone. Meanwhile, San Francisco Fed President Mary Daly said Thursday she thinks the start of balance sheet reduction isn't necessarily imminent. +> +>Chairman [Jerome Powell](https://www.cnbc.com/jay-powell/) will speak next week during his confirmation hearing, and a second time this month following the Fed meeting on Jan. 25-26, when he may strike a more dovish tone, said Michael Yoshikami, founder and chairman of Destination Wealth Management. +> +>Stock picks and investing trends from CNBC Pro: +> +>One big factor Yoshikami sees is that while the Fed is [determined to fight inflation](https://www.cnbc.com/2021/12/14/wholesale-prices-measure-rises-9point6percent-in-november-from-a-year-ago-the-fastest-pace-on-record.html), it also will have to deal with the negative impact of the omicron variant. +> +>"I expect the Fed to come out and say everything is based on the pandemic blowing over. But if omicron really does continue to be a problem for the next 30 or 45 days, it is going to impact the economy and might cause us to delay raising rates," he said. "I expect that commentary to come out in the next 30 days." +> +>Beyond that, there are some certainties about policy: The market knows, for instance, that the Fed starting in January [will be buying just $60 billion of bonds](https://www.cnbc.com/2021/12/15/fed-will-aggressively-dial-back-its-monthly-bond-buying-sees-three-rate-hikes-next-year.html) each month — half the level it had been purchasing just a few months ago. +> +>Fed officials in December also had penciled in three quarter-percentage-point rate hikes this year after previously indicating just one, and markets are pricing in close to a 50-50 chance of a fourth hike. Also, Powell had indicated that there was discussion about balance sheet reduction at the meeting, though he seemed to play down how deeply his colleagues delved into the topic. +> +>So what the market doesn't know right now is how aggressive the Fed will be reducing its balance sheet. It's an important issue for investors as central bank liquidity has helped underpin markets during the Covid tumult. +> +>During the [last balance sheet unwind](https://www.cnbc.com/2017/09/20/fed-approves-october-reversal-of-historic-stimulus-leaves-rates-unchanged.html), from 2017 until 2019, the Fed allowed a capped level of proceeds from its bond portfolio to run off. The cap started at $10 billion each month, then increased by $10 billion quarterly until they reached $50 billion. By the time the Fed had to retreat, it had run off just $600 billion from what had been a $4.5 trillion balance sheet. +> +>With the balance sheet now approaching $9 trillion — $8.3 trillion of which is comprised of the Treasurys and mortgage-backed securities the Fed has been buying — the initial view from Wall Street is that the Fed could be more aggressive this time. +> +>'Uncharted waters' +> +>Estimates bandied about following Wednesday's news ranged from maximum caps of $100 billion from JPMorgan Chase to $60 billion at Nomura. Fed officials have not specified any numbers yet, with Kashkari earlier this week only saying that he sees the end of the runoff still leaving the Fed with a large balance sheet, probably bigger than before Covid. +> +>One other possibility is that the Fed could sell assets outright, said Michael Pearce, senior U.S. economist at Capital Economics. +> +>There would be multiple reasons for the central bank to do so, particularly with long-dated interest rates so low, the Fed's bond profile being relatively long in duration and the sheer size of the balance sheet — almost twice what it was last time around. +> +>"While longer term yields have rebounded in recent days, if they were to remain stubbornly low and the Fed is faced with a rapidly flattening yield curve, we think there would be a good case that the Fed should supplement its balance sheet runoff with outright sales of longer-dated Treasury securities and MBS," Pearce said in a note to clients. +> +>That leaves investors with a multitude of possibilities that could make navigating the 2022 landscape difficult. +> +>In that last tightening cycle, the Fed waited from the first hike before it started cutting the balance sheet. This time, policymakers seem determined to get things moving more quickly. +> +>"Markets are concerned that we've never seen the Federal Reserve both lift interest rates off zero and reduce the size of its balance sheet at the same time. There was a two-year gap between those two events in the last cycle, so it is a valid concern. Our advice is to invest/trade very carefully the next few days," DataTrek co-founder Nick Colas said in his daily note Wednesday evening. "We're not predicting a meltdown, but we get why the market swooned \[Wednesday\]: these are truly uncharted waters." +Lately I’ve been obsessed with financial independence and early retirement. I’m reading articles, blogs, books… it’s bananas! + +What I’ve discovered is that there is a secret underground network of people in the exact same pursuit! I had no idea! They even have a term for it: FIRE. + +Let me share some of what I’ve learned.. First is FI/RE. + +FI stands for financial independence. And RE represents early retirement. + +A couple of weeks ago I yelled to my bride, “Let’s sell it all! We’re pulling the ripcord!” + +This is not a new exclamation, I’ve said it many times before. My bride, Stacey and I own a couple of small businesses. For those that are entrepreneurs you understand completely when I scream SELL IT ALL! + +For those who work for others let me explain. + +First let me say that working for myself was always the plan. For one, I’m very unmanageable. And secondly, I saw entrepreneurship as a path to freedom and autonomy. + +Now sixteen years into working for myself, there is more to it than the green grass makes it appear. Having people work for you is both a blessing and a curse. I’m proud to provide jobs for more than thirty people (most of them are part-timers at the Dairy Queen). But it’s also a huge pain in the ass. + +People for the most part are good. I always tell my kids that there are two types of people in the world. Good people and bad people. The good people far outweigh the bad, despite what the media leads us to believe. + +However, even the good people are flawed. Most of their flaws they come by honestly. We all suffer from the human condition and most never become aware. + +The human condition is a series of intertwined traits and commonalities that we all share. We all have a inner voice that treats us like shit. We all feel the universe revolves around only us. We are jealous, crave attention, feel underappreciated, and are grounded by fear. + +Because of these conditions, most people exhibit degrees of assholery. + +When you are the employer of said humans, assholery is commonplace. And unfairly stressful. + +One of the many advantages I’ve developed over the years is the ability to see the big picture. This vision provided me with an unfair advantage in the real estate sales business. When other agents focused only on commissions, I focused on providing the best possible service to my clients. Sounds like a no-brainer, right? You’d be surprised. + +When my competitors negotiated from a Win/Lose mindset, I patiently stayed the Win/Win path. When a client overreacted emotionally I would humbly redirect, and paint the big picture. + +Please don’t think I’m speaking from the soapbox. It was only after making mistake after mistake that I began to develop the big picture superpower. + +These days I unfortunately detect an increased level of assholery. With the explosion of social media feeding the, “Look at me Look at me!” ego and the constant and consistent reaction of OUTRAGE… people are becoming just a little bit more difficult to deal with. + +So this time when I yelled, “Sell it all!” it felt different. Stacey looked over with sincere ponder. As our eyes met with a twinkle, brows furrowed and lips pursed… both thinking, “Hmmm.” + +Within a few days of this proclamation my father passed away unexpectedly. He was 73 years old. Seventy three used to be old. Now that I’m forty-five, it’s not. + +Funny thing about funerals, they slow down time. We consider life from a bigger picture perspective. We acknowledge the fundamentals: family, friends, health, and happiness. And we typically vow to stop more for the roses. Then after a couple of days we unwittingly hop back on the treadmill of life and continue our herded path. + +But here I am a few weeks into my dad’s passing… and the fi/re in my heart and belly are growing! + +So it is with much fear and trepidation that I announce my early retirement! + +As of today my projected retirement date is December 31, 2017. That is exactly 607 days away. + +My goal over the course of these six hundred and seven days will be to share with you all of the financial and life mistakes I’ve made. Along with the lessons I’ve learned, how I applied them, and the impact they’ve had on my life… and more importantly my happiness. + +Currently I have no idea how much money I spend each month. Well I have an idea, but I faint every time I begin to think about it. + +I’m going to gather all that information. Share the intimate details with you. Along with that I will openly disclose the details of what will need to be accomplished in order for me to successfully pull the ripcord and officially and permanently retire from the rat race. + +Now if you will excuse me, I just pooped my pants. +Let me start with a little context ... + +My wife and I are currently \~ 2MM net worth, in the low end of our mid 30s. We've always had FI in mind, but haven't ever put together a budget or killed ourselves with frugality. We've always lived well within our means and have had a healthy attitude towards money. We don't get off on flashy things, but blow more money than most people on travel, going out, and having fun. + +To me, FI starts at 3MM, with 5MM being where I would actually consider adding RE to the mix. Though, neither of us would ever RE, we would instead work for ourselves / work a lot less, which also helps with cash flow if we did ever FIRE. To some people, this already puts us in the fatFIRE range, but to me, fatFIRE would truly start at 8MM. This is why I'm here. I think we can reasonably hit my definition of FIRE (3MM to 5MM) in the next 5yrs, and I think we have a shot at fatFIRE (8MM to 10MM) in the next 10yrs to 15yrs. + +We currently live in a MCOL city, but work may take us to either coast in the near future. No kids yet, but probably will have a couple in the next few years. + +What I want to get input on, is how realistic is it that we hit either my FIRE range or fatFIRE range in the next 5, 10, 15yrs. + +|Current NW (conservative)|2MM| +|:-|:-| +|W2 Income|380k (250k me, 130k her)| +|Rental Income|40k to 70k, variable| +|Retirement accounts|460k| +|ETFs / Index Funds|122k| +|Crypto|70k| +|Cash (high yield savings)|165k| +|Checking|40k| +|Real Estate Equity|1.15MM| +|Real Estate Portfolio Value|2MM| + +I'm pretty heavily invested in real estate, which I started doing in my mid 20s. My plan is to continue doing this. + +To get to 3MM in the next 5 years, I only have to save 200k per year and dump it into the S&P500, which is in the plans but will be a bit of a savings stretch without bumping up income. The 165k I have sitting on the sidelines in cash will likely go to more real estate, or the S&P500. I started saving the cash about a year ago to build up some runway as I was close to quitting my job to work on a business I started the year before. The business failed, but I kept saving anyway. I know it's stupid to keep it in cash, but at this point, I think it's reasonable to hold it for a market downturn while I continue to make regular DCA contributions to Vanguard index funds. The high yield savings account the cash is in has roughly the same return as holding bonds. + +My current W2 income should rise over the next 5 years. I believe with a pretty high confidence level that I can get my W2 income to the mid 300s in the next few years, and with a move to the coasts I should be able to get into the 400s, potentially 500s with a lot of luck and burnout. She's probably close to maxed out on W2 income for the next couple years as she's already near the top of the pay scale for her career. A move would likely get her a COL bump, but nothing crazy beyond that. + +So, we've got the 3MM level figured out in the next 5 yrs. + +For 10 to 15yrs and getting to 5MM or the 8MM to 10MM range: + +I plan on leveraging some of my real estate up and building a larger portfolio if we do see a downturn and real estate prices drop. This would reduce my real estate income, but with 15yr loans should increase my equity and recover cash flow loss within 5 to 10yrs, or if I can buy right, no cash flow loss and just a reduction in equity. + +I'll probably make the jump at some point to start a business. This is what I ultimately want to do career wise, and actually already would be doing if I didn't have a really solid W2 income. The opportunity cost is really high, and outside of the business I started and ultimately shut down, I haven't had anything else I've been passionate enough about to make the jump for. + +On the flip side, I could bump savings up to 300k per year during this time and work for the next 10yrs. That puts me around age 45 or 50 with what should be getting into the 8MM to 10MM fatFIRE range, though at an age that is a little later than I would like. A big reason I want to reach FI is so I can actually spend time with my family and actually live. + +If I did jump and build a successful business, I should blow past my 8MM to 10MM fatFIRE range, so this is a wild card. + +Anyway, that's a lot of text. I appreciate any input and would love to hear your thoughts on potentially hitting the 8MM to 10MM NW range with our current NW and plans. +I was reading up on the JP Morgan Private Bank and kept finding that clients under $10M are directed towards "Private Client Direct" but I can't find any info about that service outside of job postings and the initial news stories. + +Does anyone have any experience with it? What are the differences between the two services? Are they explicitly advertised differently when you sign up or is it all blended together? +I was on the New Zealand stock exchange today and I saw a company called “Kiwi Property Group” and according to yahoo finance, it’s book value per share is around $1.40 and it’s trading at $0.90. Sounds like a great company. Would you say it’s undervalued? +I just wanted to make this post to remind people of what they should look out for, I made a killing in the last 24 hours and lost 2.5k to a scam after getting confident. Sorting by newest posts is the best way to fuck yourself because they will take your money before it even reaches 50k MCAP. + +- Website (How good does it look, what’s the ending (.com, .io, .club) I lost money to a Safeweed.club earlier + +- Are Owner/Devs renounced + +- Is Liquidity Locked + +- How long ago was it launched (Beware of very new coins, 1-2 hours old) + +- What’re the comments like and what kind of accounts are posting under the post (I know the dev he’s a great guy, woah what a safe project def the next safe moon) + +- What’s the MCAP (Low MCAP can be dangerous) + +(Edit 1): Just wanted to add some additional indicators + +- If the coin is ready before the website, run. + +- If the Telegraph/discord has less than a hundred members and is actively being muted you should be cautious, they’ll mute sometimes to stop people from warning you + +Feel free to add on other indicators but I hope no one feels the way I felt earlier, losing 2.5k after doing a mild amount of research made me feel stupid as hell because I wasn’t expecting there to be this many thieves openly advertising their scam. Definitely don’t all in something before other people do if you have even a shred of doubt because these fake tokens are 5x as common as the safe ones and easy to set up. Good luck to all. +Not a shill post, just sharing my opinion on why I see a huge potential in this coin. I've been following a number of meme/$shit coins of late but it is my opinion that DogeBSC one of the low-cap, earliest ones you can get in and experience enormous gains. And disclaimer: this is not financial advice, DYOR. + +So why $DogeBSC? Sharing my thoughts here: + +&#x200B; + +1. **Much lower market Cap**, compared to other meme coins. Total supply of DogeBSC is 40 billion coins, and of the time of writing (price of $0.0000014) the Market Cap of DogeBSC is **52,000.** For comparison, **HOGE** and **SafeMoon** has a market Cap of around 200 million - which is almost **4,000 times** higher than DogeBSC's market cap. I'm not even talking about meeting the OG's Doge market cap here, just staying in the realm of Meme DeFi Coins. So far, there are only about 600 wallets holding the coin - still a super early project so far. Details here: [https://bscscan.com/token/0x1a82c24dd17c2b309b8ae4807920829237d59f26](https://bscscan.com/token/0x1a82c24dd17c2b309b8ae4807920829237d59f26) +2. **Brand Name.** DogeCoin is the first ever meme coin with over $7 billion market cap. DogeCoin is also the only coin with mainstream and institutional interest (albeit as a joke), and more companies (following Dallas Mavericks) will start accepting Doge as a payment method in the coming future. But that is DOGE and not DogeBSC, you might say. But guess what - DogeBSC is the first and only DOGE project on ANY DeFi space - when DeFi blows up (as it already is), interest in Doge in mainstream space will translate to interest in Doge in the DeFi space. When DogeBSC gets into mainstream attention as the first Defi Doge project, and media coverage the market cap has the potential to exceed Hoge/Safemoon. +3. **Listing** on **Binance Smart Chain,** as opposed to Uniswap. I've lost count of how many people are put off by buying HOGE and GRUMPY and instead putting their money into SafeMoon instead because of the insane gas fees of Eth. A $100 entry gas fee is not an accessible fee for the average institutional investor, and if you look at DogeCoin there are plenty of early adopters with just a $10 or $30 stake getting into it. The price of DogeBSC means you can get millions or billions with a small bag, very similar to when the OG Doge first came out. But the small investors won't drive the market, you might ask? I'd argue you're missing the point here - it is the **INTEREST** rather than the amount that is the real commodity here, for every 10 small investors talks about Doge on the BSC there might be 1 big money investor investing in the coin. +4. **Rugpull-proof, solid project** with a **set timeline**. As of today's writing, the coin is barely 1 weeks old and is awaiting listing on coingecko. When DogeBSC was first launched, the original liquidity tokens were burned, no pre-sale was launched and the devs do not hold any coins to promote trust in the project. Similar to HOGE and SAFEMOON, the element of no rugpull and devs putting the project in the community's control is important to create trust in the project. Full details and project timeline found in their official website [https://dogebsc.finance/](https://dogebsc.finance/) + +Conclusion: The (extremely) early nature of this project and being Doge's first DeFi project are reasons why I believe it makes a lot of sense for me, especially as it has not hit interest even in the meme coin space because listing on CoinGecko and Coinmarketcap is still incoming. Going in at on the first DeFi Doge with a $50k market cap, imo that's a huge potential just by the brand alone. As usual, DYOR. +CBDAO has been created to serve as a sandbox for users to experiment and proof-test various consensus protocols which help govern DAOs. The initial consensus mechanism put in place will be the ‘Incentivized Governance Protocol’, a model invented by CBDAO which simplifies and combines the solutions of the holographic consensus model on a completely decentralized level. + + Why was this sandbox created? + +Existing DAO environments are usually limited with pressures arising from regulations and internal/external politics. This makes it (i) slow to implement changes (ii) limited in terms of implementing creative consensus mechanisms which has a tendency to directly affect the overall tokenomics of a DAO’s native token. We believe that a sandbox free of these pressures will help bolster our abilities to research and implement various consensus mechanisms without any imposed limits, in a timely manner. + + +📌 Immediate Plans for August + +1. Token contract public testing on ropsten (2 days): [https://medium.com/@coinbreeder/bree-public-testing-guide-ropsten-network-35c904b5a6d1](https://medium.com/@coinbreeder/bree-public-testing-guide-ropsten-network-35c904b5a6d1) + +2. Token contract audit (12-14 days) (AUG 10-24) + +3. Token contract launch on mainnet (AUG 24-26) + +4. Liquidity campaigns (AUG 24- 26) + +5. Farming & staking dashboard launch + +6. Marketing initiative begins + + + [https://coinbreeder.com/](https://coinbreeder.com/) + + +trade here + [https://app.uniswap.org/#/swap?inputCurrency=0x25377ddb16c79c93b0cbf46809c8de8765f03fcd](https://app.uniswap.org/#/swap?inputCurrency=0x25377ddb16c79c93b0cbf46809c8de8765f03fcd) +Was entering a CSP but accidentally bought to open executed @ .78. Quickly realized my fat finger mistake and went to sell to close executed @ .84. + +Realized maybe this is what folks meant by scalping. Pretty sure I made $45 by mistake. If one could do this 10x a day that would add up. + +(Not sure on flairs it’s only providing this one choice??) +My plan over the next 5 or so years is to slowly transition my emergency fund from cash to I Bonds. I only want to add a bit at a time due to not being able to touch for a year. Ideally, I would have a lump sum in I bonds with no restrictions on taking them out for emergencies and not have a lump sum sitting in a bank account. Is this an ideal use of an emergency fund which, hopefully, will never have to be touched? +Here's a couple of points (5 of them tbh) why I would argue putting your money in an uncapped or high market-capped ICOs is not going to give you returns you expect and can eventually kill a project and leave you losing out on your initial investment. Of course, there are always exceptions and other input that influences investment decisions but this post is only about general logic of tokensale strategy: + +1. It's hard to grow from high up. It's pretty straight forward, this one - projects starting from a lower valuation have much more space to grow. With delivering on milestones, gaining traction with the product and have their token being used for the designed purpose, the price should appreciate and market cap should grow in correlation. On the flip side, large valuations have a much more difficult task to show why higher market cap is indeed deserved to support the growth, especially if you pair it against a smaller valuation (e.g. making 10X for investors by growing from 40m to 400m market cap is more likely than 400m to 4b). + +2. Efficient fund placement. Projects getting insane amount of proceeds will have a hard time spending it efficiently. In vast majority of cases (if not all), having a 10year runway is unnecessary and terribly inefficient way to place funds. It seems teams don't realise it's hard to spend money in a smart way, especially large sums, if you have nothing but a concept or barely functioning MVP. As an investor, I would be more comfortable team having max 2-year runway to deliver on their promises, show fast growth in adoption, and then look for additional funding if necessary. + +3. Hype will be hard to sustain over time. Large valuations and initial fundraising traction are quick to create FOMO and attract even more investors. Following that crowd impulse might be a bad idea, though. Bigger investors are usually given better deals than you and, most importantly, FOMO hype will be super-difficult to sustain once the tokensale has finished. This is when results will start to count to support further growth. Without a working product, high valuations will be hard to sustain and can even start to revert at that point, making a correction to the over-pumped tokensale price. + +4. You want to keep some room for the future. Thing is, some ICO holders are releasing all or at least a great deal of tokens in the first offering. While sometimes this might be OK (if it's a single-purpose ICO), lots of time it is not. From investor's point of view, I would see it as more responsible if a company goes for several smaller rounds corresponding to the phase of development they are in. Trying to pull as much as possible from currently bullish market will inevitably limit the growth potential down the line as they will run out of tokens to stage next rounds or will force an additional issuing which means your investment will be diluted. + +5. Just putting it here so there are 5 points and not 4. ;) + +Did I miss anything important? + +I consider myself a value investor, so lately I’ve been thinking about how to value Ethereum as a network going into the future. I’ve come to a basic but I think solid preliminary valuation based on an Ethereum takeover of the worldwide bond market. I’ve been looking into whether this valuation has been done by others and I haven’t found anyone who has done it so I’m hoping to add a new perspective. + +The first thing we have to remember is there’s basically no yield for most of the world at the moment. Unless you are willing to buy bonds in an unstable third world government, for most people with savings (especially those living without an income, think rich boomer retirees), there’s basically no option but to buy stocks (and in some cases real estate) to get any kind of return on your savings. This wasn’t always the case but since interest rates have basically been at 0 (or negative) taking into account inflation since 2008 (and maybe even 2000), there’s nowhere to put your money besides stocks and real estate. Side note: it isn’t a surprise that these two asset classes have become insanely inflated in the past two decades or so. + +Enter Ethereum. I’m not the first to say that the Ethereum network seems to be the last place you can get yield in the world today (check out [this article](https://ca.finance.yahoo.com/news/ethereum-last-bastion-yield-201317647.html) by David Hoffman). Basically, as most of us know, a person can get real yield (from 4.6% to 16%) by providing collateralized loans (either in stable coins or Ethereum/ other crypto) through decentralized smart contract DAOs like Maker. + +What I think hasn’t been done though is to extend this fact to a valuation of Ethereum. + +Some napkin math: + +The worldwide bond market is valued at [about 100 trillion USD](https://www.sifma.org/resources/research/fact-book/) (fun fact: it's much larger than the stock market, [4x larger than in the US alone](https://learnbonds.com/news/how-big-is-the-bond-market/)). + +Assuming that Ethereum takes over this bond market (and that it grows at the same rate it has to about 120 trillion in the 5-10 years), we are looking at a growth of about 400x for Ethereum’s market cap in the next decade. This gives us 1 million dollars USD per Ether. This isn’t even taking into account the transfer to Proof of Stake, the deflationary nature of the new changes to the network, and other non bond uses of the network. More importantly, it isn’t even taking into account that the bond market could grow *because* of Ethereum and the yields it provides (think about all the money that could have been in the bond market but isn't because the yields are so low). In this case we could see each Eth worth multiple million dollars. Even if it only takes half of this market, we're looking at 500K Ether. + +At the moment, the average boomer, who holds the vast majority of savings in the world, doesn’t understand Ethereum, blockchain, or anything about it. Once this changes and they realize it’s the only place they can get yield we will see mass adoption of this platform. + +Once this happens we could be seeing a future where you could support a family with the yield from a few (or even 1) Ether and all savings (and even capital) are denominated in Ether. I’m not someone who hates Bitcoin because I hold Ether because think they have different use cases (at the moment) but this scenario is one in which I could see a complete replacement of Bitcoin as a store of value by Ethereum. + +Of course there are risks that would prevent this future from happening. One would be government action to prevent its existence because it threatens their ability to borrow money. Another would be governments coming together and raising interest rates to compete with the yields Ethereum offers. However I think these risks are low enough to warrant considering this future valuation as a real possibility. + +I hope this analysis doesn’t read as just hopium and also helps people wondering when they should sell their Ether since I’ve been grappling with this idea too. As a value investor I believe you should sell your investment when it’s appropriately valued by the market. While calculating the future value of a revolutionary technology like Ethereum is hard, I think this analysis is valuable as a starting point that could at least give a range of what we could be looking at. +What has your annual income been? Or is there an amount that you should for per day? Right now I have a full time job so I only shoot for about $200-$300 trading options. That comes out to about $50k-75k a year which is plenty of extra “side income” for me. + +At what point did you realize “yeah I can quit my job and do this full time”? + +How do you deal with health insurance and not getting any 401K matches? +What has your annual income been? Or is there an amount that you should for per day? Right now I have a full time job so I only shoot for about $200-$300 trading options. That comes out to about $50k-75k a year which is plenty of extra “side income” for me. + +At what point did you realize “yeah I can quit my job and do this full time”? + +How do you deal with health insurance and not getting any 401K matches? +I went back and forth on how to write a post on Day Trading Options. One can get very granular on this topic but ultimately it seemed to me that what most people wanted was a general guide. + +*It was pointed out to me that I spend way too much time replying to people who post disruptive/antagonistic comments. I agree. So moving forward I will be ignoring comments that are posted solely for the purpose of being argumentative. If you question my qualifications or intentions, both of those have been addressed numerous times and you can check my profile. I have been a Day Trader for five years, consistently profitable for the last three years, and I do this for a living. I have nothing to sell, nor do I benefit from anything I recommend in terms of resources.* + +*Comments that try to disparage Day Trading in general will also be ignored, as this is a Day Trading sub, if you don't think it is possible to be successful Day Trading than your only reason for being here is to antagonize people.* + +*As always, I will engage in substantive disagreement or criticism, as those discussions are part of what make forums like this worthwhile.* + +So....Options. I am going to assume that people here have a general understanding of what Options are, including the Greeks (*if not than this post will be of limited use to you as you* ***should not*** *be trading options unless you understand them).* Thus, if the extent of your understanding is, "Use a Call when you think it is going up and a Put when you think it will go down..." you should probably skip the rest of this and learn the mechanics of Option Trading first. + +While Options have many purposes, the ***primary purpose of using Options to Day Trade is - leverage.*** Otherwise you would simply use the stock directly which is far easier, and tends not to be subject to issues in liquidity. + +Given this, the closer to parity with the underlying that you get on option pricing, the better (if you are buying options rather than selling them) - ideally a stock worth $120 would have $100 Calls worth $20. But since you are paying for time and volatility as well (not going to get into *Rho* here), you are getting charged a premium. + +Also, as a general rule, I do not hold Options over an earnings date. Many people buy Calls or Puts on a stock right before earnings, and even when they get the move they were expecting their options did not increase in value - usually due to an **IV Crush**. Option pricing is higher before earnings because there is more volatility around the predicted future range of pricing for that stock. If you add the price of the ATM Calls + Puts together you will get a rough idea of the +/- expected $ move post-earnings. The larger that move is in proportion to the stock price, the higher the volatility. Once those earnings are released, that volatility deflates, taking down the Option premium with it. Earnings and the stocks response to earnings is simply too unpredictable, and also well outside the purview of Day Trading (as these occur pre or post-market). + +This is how I Day Trade Options, it isn't the only way, it may not even be the *best* way, but it has worked for me - as always you need to explore what works best for yourself: + +**1) High Delta - 1-3 WTE :** I have a decent account balance but not 5,000 shares of NVDA "decent" and certainly not 5,000 shares of AMZN level. So it is on stocks like these (usually priced over $500) that I will use to Options to Day Trade. However, my NVDA may be your AAPL - so essentially, I am using Options when I cannot afford to get enough shares of the stock to make the trade worth it. The temptation here is to go for the cheaper options which are going to be OTM or ATM - but I recommend against this. The underlying position has to make a larger move to get those options close enough to parity to start overcoming what you paid in premium. In the end your Risk/Reward is much better on the ITM options. + +*For example: You want to go long AAPL using Options - You can either use the 2 weeks out options with a Delta of .8 or the ATM options that expire this week.* + +***Choice 1 - On Monday 6/21 you buy 5 123 Strike Calls on AAPL that expire 7/09 for $8.15 each, costing you $4,075. Assuming the stock is at $130.46, you are paying .69 cent extra (123+8.15= $131.15-$130.46 = .69) in premium ($345). The Delta is .8 and Gamma is .03.*** + +*Scenario A - The stock goes up $1.50 on Monday. At the end of the day your option would now be worth (not using an Option Calculator so this is a rough estimate) - + $1.20 (Delta) + .015 (Gamma) - .01 (Theta) = $9.36 (roughly). You made about $1.21 per contract, or roughly $605.* + +*Scenario B - The stock stays the same - since the Theta on these options is only .06 you can hold them overnight with minimal loss ($30 total).* + +*Scenario C - The stock declined $1.50 - as the stock declines you have room on the Delta to weather the decrease. With the stock now at $128.96, your options would be worth roughly $6.85 (although a decline like this would most like increase volatility, further cushioning the drop) a loss of $1.30 per option, which is roughly $650 total. However, you can still hold this option if you believe AAPL will recover enough in the next 2-3 weeks.* + +***Choice 2 - On Monday 6/21 you buy ATM (130 strike) options on AAPL for $1.80. Because they are cheaper, you get 23 of them for $4,140 (roughly the same cost as 5 options in Choice 1). Assuming the stock is at $130.46 you are paying an extra $1.34 (130+1.80 = 131.80-130.46 = $1.34) in premium ($3,082).*** + +*Scenario A - The stock goes up $1.50 on Monday. At the end of the day your option would now be worth (not using an Option Calculator so this is a rough estimate) - + .78 (Delta) + .04 (Gamma) - .09 (Theta) = $2.53 (roughly). You made about $.73 per contract, or roughly $1,679.* + +*Scenario B - The stock stays the same - since the Theta on these options is .15 it now cost you $330 (roughly) to hold these overnight in additional time decay.* + +*Scenario C - The stock declined $1.50 - and you are now screwed. Your options are worth about .75 cents each, you've lost roughly $2,415 on them, and if you hold them overnight they will continue to decline rapidly with time decay kicking in faster.* + +Compare the Risk/Reward on both of these choices (*Choice 1 - $650/$605, Choice 2 - $2,415/1679)* \- and while these are rough guesses they aren't too far off from what would happen (a good Option Calculator can help here). + +**Choice 1 is better.** + +*Less contracts - Higher Delta - More Time to Expiration.* + +*Naturally this applies to Puts as well.* + +You are looking for the following attributes in the stock you are want to Day Trade with Options: + +*Strong Intra-Day Chart -* Ideally you want a stock that is strong vs the market (SPY) or weak vs the market (SPY), depending on if you are doing calls or puts. The stock should be through any significant support/resistance (e.g. you do not want to do calls on a stock that is at 119.75 if their SMA 100 on the daily chart is at 120, you need to see it go through that and hold, first). Relative volume usually needs to be above 1.5, and you should using VWAP to guide you as well. + +*Strong Daily Chart -* Obviously the Daily chart will be important in telling you where significant support/resistance lies, but you also want to see an overall strong directional trend (bullish or bearish depending on your desired position). I like to see HA candles in a continuation (e.g. flat bottomed) at least two in a row, and orderly trends without parabolic moves. If you choose the right options and the stock hasn't violated any major areas of S/R, you can hold them overnight. + +Your exit should be similar to the exit you would have used if you were trading the stock - the same principles apply. + +**2**\*\*\*)\*\*\* **Selling Premium -** This is rarely used a Day Trading method and for good reason, you are usually not going to get much bang for the margin you are spending if you only plan to flip them within the same day. As a general rule I only sell Puts on a stock I wouldn't mind owning at that price. If I get assigned, I am perfectly happy with it, and if I keep the credit, I am also happy with that. Overall, I would not recommend this strategy for Day Trading as you are removing the primary benefit of selling premium - *theta decay.* + +**3) Debit Spreads -** Call Debit Spreads(CDS') are an acceptable and widely used method to Day Trade Options, particularly among those that are risk adverse. Here are some simple rules to follow that will help increase your odds: + +*A) Find stocks that are making significant moves on that day - note, I am not talking about low float cheap morning gappers - rather I am referring to stocks like ROKU, ZM, ABNB or stocks like SNAP or NIO (these stocks are examples as they are capable of making and sustaining big daily moves, but their are many like these). Basically you want a stock that is up more than 3-5% and holding those gains after an hour into trading. They should be strong against the market, meaning if the market (SPY) is going down, this stock is staying strong either still going up or compressing. There is usually at least one stock a day that qualifies, sometimes two or three. Volume will of course taper off, but you do want to see Relative Volume over 1.5.* + +*B) You are looking for the ATM Options to do the CDS' and they expire* ***this*** *week - so on Friday a stock like ROKU would have been perfect. Around 10:25 SPY started to drop and ROKU continued to build on already strong gains. In this case you would want something like the 360/365 or 360/362.5 spread. You* ***never*** *want to pay more than 50% of the distance between the strikes. If you were doing the 360/365 Spread, you want to pay less than $2.50 for that spread - obviously, the lower the better.* + +*C) The moment you put the spread in, you put in your order to receive your credit. The day of the week matters here - On a Monday put in an order to get 10% profit, Tuesday would 15% profit, Wednesday - 20-25% profit, Thursday - 25%-40% profit, and Friday - 40% - 75% profit. Rarely do I keep these until expiration unless the stock just blows through the strikes. The reason the day matters is that these spreads only start to really move when you are close to expiration, it is difficult to get more than these percentages on those days. If you took that ROKU spread on a Monday (360/365) and paid a $2.00 debit, you should look to get a $2.20 credit, but on Friday (since it is expiring that day) you could have gotten at least a $3.00 credit.* + +I see traders that do this type of spread as their primary trade type, and by the end of the week they would have executed roughly 20-25 of them, with over a 95% win rate. These are usually very safe spreads, but of course with low risk also comes low returns; however, they are consistent. The stock doesn't have to make much more of an upward move to hit your target, and considering how strong they were to begin with it is very rare to miss with these. Obviously there is always a stock like NVDA which on Friday if you did a 765/770 spread in the morning, it would have made perfect sense, but quickly reversed. In those cases you should recognize the reversal and take the loss (e.g. if you paid $2.00 for NVDA, you should accept a $1.50 credit, do not let the stock drop to where the credit is lower than that, just take the loss). + +**4) Lotto Trades** \- These are the most fun, and are specific to Friday. What you are looking for are stocks that have options expiring that day. In the final hour of trading, the ATM options are going to be very close to parity. So a stock that is $119.80 cents, will have $120 call options worth roughly .05-.10 cents with an hour left. What you are looking for are stocks that are either relatively strong (or weak if you are doing this with Puts) to the market and a market tailwind (in the direction of your options). You are looking for these options to get into the money, but even if they don't you can still do quite well with them. On Friday for example, back to NVDA, it began dropping and the 750 Puts were worth roughly .20 cents with 25 minutes remaining and NVDA at around 755. The stock was weak compared to the market (on the 5 minute chart when SPY went up, NVDA went down), and SPY began to drop with volume (tailwind). If you bought 25 of those Puts ($500), within 10 minutes they would have been worth $3.60 an 1,800% increase. Your $500 would now be worth $9000. You won't find a better Risk/Reward play than lotto options. However, note, you shouldn't be making large financial plays here as a many of these won't work, but the ones that do more than pay for the ones that did not. Many times I take max loss on these; however, since these can turn very quickly, I have also taken that smaller loss only to see the stock soar or plummet in those final ten minutes. Either way, these are really fun (I have a more detailed post on this). + +So there you have it, like I said, there are many other ways to Day Trade Options (would like to hear them), but this is how I like to do it and it has worked well for me over the years. +I just want some insight on what people who have been doing this for years think. Is market harder then usual? I trade NQ mainly and lately the bulls and bears have been fighting on hardcore it seems like. Seems like both sides can't seem to catch a hold on. Most days are range, but with insane moves in both direction. + +Whats your guys take on current condition? +Please use this sticky to ask questions and to see answers to similar questions you may have. + +Over time we'll be collecting common questions and [adding it to our wiki.](https://www.reddit.com/r/Daytrading/wiki/index) See the [getting started wiki here.](https://www.reddit.com/r/Daytrading/wiki/getting-started-daytrading) + +If anyone is new to day trading, I highly recommend reading the [Forex community's wiki](https://www.reddit.com/r/Forex/wiki/index) paying special attention to babypips website which also teaches some general tools you can apply to stocks/futures/etc and especially read the wiki's sections on *risk & money management* that can be applied to any market. + +[Pattern daytrading rules wiki.](https://www.reddit.com/r/stocks/wiki/pdtrules) + +Also see the sidebar (or "about this community" on mobile website) on every related community to learn more about trading. + +Here's a list of all the [previous question stickies.](https://www.reddit.com/r/Daytrading/search?q=author%3Aautomoderator+title%3Aquestions&restrict_sr=on&include_over_18=on&sort=new&t=all) +I started investing right when I turned 18 in the summer of 2020. I'm talking index funds and ETFs, the boring but good stuff. Ended 2020 with a 34% return thanks to the raging bull market which made me pour even more money into it. I bought into the GME hype at $34 dollars but eventually dca'd my way to a solid $64 average cost. I got caught up in the bullish GME echo chamber that [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) now is - I was just lucky to get in and out early compared to others. + +As WSB's member count went through the roof, more and more users commented price targets and abusing people into not selling. By going to these users' history, a lot - and I mean A LOT - had comments from 2 days ago along the lines of "where to buy stocks?". It just made the echo chamber even clearer. These people, who had no idea, were commenting advice and about the future of GME. I'm a beginner too but I wouldn't even think of pretending like I have a clue. The quote “If shoe shine boys are giving stock tips, then it's time to get out of the market" have always stuck with me, but I never put much credibility into it, until now. + +I eventually dca'd my way out at an average cost of $206 after reading about the conspiracy theories regarding why the reported 53% short interest was false. Maybe it is false and maybe these hedge have pulled off a great move in suppressing this % without actually covering in order to mislead investors, but I would never bet on that. Took $3.1k profit which was cool, but this whole situation has made me realize the importance of being independent. + +It has motivated me to actually learn how to read a balance sheet, do my own due diligence and come to my own conclusions - not depend on others. Reddit, Seeking Alpha and Twitter are great resources to take inspiration from, but I'll never invest through someone else's thesis again even though it worked out this time. The only thing that separates me from the guy who bought at $400 is that I picked up on the information earlier. We were both "promised" $1000, which I always saw as ridiculous but hey, "everyone is spamming it so it must be true". No, that echo chamber mentality is dangerous and a lot of people have lost a lot of money as a product of it. You never know who's on the other side spamming their thesis. Might be Warren Buffet or a guy who downloaded \*insert controversial broker here\* 2 days ago - I won't blindly follow their advice either way. +Hi guys, I have for as long as I can remember known that working a 9-5 job for the rest of my life wasn't for me. And have tried starting my own businesses to get out of working for someone else, the idea of passive income came to me via Pat from smart passive income. And last year I read rich dad poor Dad and from there it went. Now many books later I have found a name for my longing Financial independence. My S/O are aboard and we are on our way towards freedom. I have a close relationship with my family and often talk about money and investing with my parents, I have noticed that my mom (who takes care of my parents economy) strongly disbelieve in investing and only says that the risk is too big and it's no point to try. I really want to help my parents and family to understand and give them a push in the right direction. Do you guys have any good ways to talk about the general ideas that can change a closed mind? + +Sorry for a wall of text and any misspellings (mobile). + +Fyi, 27m from sweden. +Okay this could be very niche but: +Let's say you are a scientist that does basic research, and somehow you gained FI and want to work less hours, what do you do? + + +Assuming you want to keep contributing to the field (because it's important and fun and your life etc.) but don't necessarily have to or want to be part of the academic eco system. + + +If you are very rich you could obviously go full Elon. But let's say you are just medium FI. Holding down a job in a top lab (or even leading it) is very hard work and many hours. Has anyone found to a way to half-ass it or do it part-time, or is it just impossible? Could one be a modern-day Gentleman-scientist who just casually interrogates nature whenever it suits his schedule and whims? I wonder if anyone here has gone that path, or has related experiences that could transfer to this problem. +I’m far from achieving FIRE, but I think about it everyday due to my “mom’s guilt”. I have a hard time +leaving my kids for work. I miss my kids at work, so I’m thinking about FIRE constantly. Anyone else feels the same? +Today is hard. I want to spend some quality time with my kids , but I have to pack my lunch and go to work. So I decided to look at good benefits that my work has provided. I just make selections for my annual benefit enrollment. I will pay 18 dollars/ month for: +- health, dental and vision for my whole family( 4) +- life insurance for myself and dependents +- short and long term insurance +- 500 dollars/ year to health saving plan + +Since my husband is covered under my insurance, his work reimburses him $250/ month. +Have a good weekend... and congrats to all who achieve FIRE today. + +Updated: I didn’t expect to receive many positive responses like this. Thank you everyone for your kind words! +My shift has been good so far, and I can not wait to be home... to finish my homework( and submit it), so I can enjoy the weekend with my family. +I love you all, so so much. It seems like our goal is among us, and soon to be a reality. I LOVE that each and every one of us are here, fighting the good fight, us against “them”. I love that you and me all see what we see in our beloved stock. It’s not normal, what we’re seeing is not normal. + +I see the signs that i presume you all see. Something is coming… it feels like a change is coming and we’re all here waiting for it because we know it’s coming. Other people call us crazy, but for some reason it’s so obvious to us? and they’re the stupid ones. This community and what we’ve accomplish will be remembered for my entire life and probably for future generations. This is big, so big yet the majority are oblivious. + +What exactly is it that we want? The truth? Transparency? Or is it revenge. Revenge for all they’ve put us and others like us through. None of us had done any bad compared to them. Those in control, they manipulate, steal, and punish. They only punish the weak and ignorant. But now we know more than they ever wished of us knowing. The corruption, the manipulation, the fake. Why is it that everything we were supposed to trust is fake and deceiving? + +I believe we are here for a reason. There is a common enemy amongst us and it is our duty to put them in their place. It’s our duty to move towards a real reality, where things are truly just and fair. Truth be told, anything is better than what we have. fuck it i want communism right now, or SOMETHING. I want GMERICA. I want MOASS. I want the truth in everyone’s mind. I want salvation. + +And i can’t have it until these fucks are in prison, broke, and suffering worse than any of us had. MOASS is here. + +Buckle the fuck up. + +I LOVE THE STOCK 🫡🚀🌎🚀🚀🌔🚀🚀🚀🪐 + +by the way it rains diamonds in Uranus. + +Edit: Typo + 🚀🚀🚀 +&#x200B; + +&#x200B; + +&#x200B; + +[Christopher Leonard is a business reporter whose work has appeared in The Washington Post, The Wall Street Journal, Fortune and Bloomberg Businessweek.](https://preview.redd.it/10mcakt2rlt81.jpg?width=201&format=pjpg&auto=webp&s=0e2507d755c5c9255c85465e2d66dbfa389f5c7b) + +&#x200B; + +LET THEM EAT ASSETS...CHAPTER 13 THE INVISIBLE BAIL OUT 2019-2020.... This bail out was unprecedented, and it benefitted a small group of hedge funds that had essentially hijacked the repo market and used it as a vehicle to make risky bets. The Feds saved them from the consequences of those bets... + +&#x200B; + +At 9:05 on the morning of Friday, September 13, 2019, a group of financial traders and analysts gathered for their regular daily meeting at the New York Federal Reserve Bank. These traders were expected, every weekday, to have a firm grasp of what was happening in global markets so that they could explain it to their boss, Lorie Logan, who oversaw the New York Feds entire trading floor. After everyone got settled that morning, the New York traders described what had them worried. They had been watching the enormous global market for the U,S, dollars, which they referred to simply as "money markets" The money markets tracked the flow of real actual, hard cash as it circulated around the world. + +There were many parts of this market, including overnight loans that banks used to keep their books straight, along with the billions of dollars borrowed daily by hedge funds to finance their bets. The New York Fed was obsessed with global money markets. The Fed's primary job was to control the price of money, and this price was expressed in the short-term interest rates paid by the banks and hedge funds. The Fed's traders were worried that there might be a cash squeeze looming on the horizon. It was trued that the world was awash in cash, perhaps more cash than existed at any point in history. But the traders were seeing market signals indicating that short term interes rates were rising, and they might continue to do so, maybe sharply. + +The Fed itself was directly responsible for the situation. The strain on financial markets was happening as a direct result of the normalization process overseen by Jay Powell. Normalization had been taken off autopilot, and had been essentially halted but the Federal Open Market Committee (FOMC) had none the less withdrawn some of the extraordinary interventions of the Bernanke era. When the Fed reversed quantitative easing, it drained more than $1 trillion of excess cash out of the banking system. Excess bank reserves ---meaning the level of cash that banks kept in vaults inside the Fed--had been drawn down from 2.7 trillion in 2014 to about 1.3 trillion in September 2019. This was still about 76,000 percent more excess bank reserves than existed in 2008. But the reduction was significant. + +The warning signs were coming from the crucially important cash "repo" market. The repo market was part of the bedrock of the financial world, and it was supposed to be a super-safe form of lending. A repo loan was short term, maybe as short as overnight. It always worked the same way: A borrower would hand over Treasury bills in exchange for cash. Then, the next day or the next week, the borrower would give back the cash in return for the Treasury bills, paying a very tiny fee for the transaction. THe whole point of a repo loan was to be able to get cash when you needed it, in exchange for ultrasafe Treasury bonds. This was very important for Wall Street firms---they had hard assets like Treasury bills, which were worth a lot, and they needed ways to unlock the value in the form of cash to meet their overnight obligations. Banks were more than happy to do this short-term loan because it was safe; the banks held on to the Treasury bills as collateral so there really wasnt any risk. If the borrowers went belly-up, the bank could sell the Treasurys and recoup the total value of the loan. This is why the repo loan market was a muti-billion dollar market. All kinds of financial institutions used it every day to swap Treasurys for cash, so they had money on hand to do daily business. + +On Friday the thirteenth, however, the repo market was sending out flashing signals. There were early signs that big banks like JPMorgan were increasing the very tiny interest rates that they charged for repo loans, banks were raising rates because they were growing hesitant to extend repo loans. The banks seemed to feel that they were running too low on cash reserves. On the following Monday the banks would be running extra low on cash because two things would happen at the same time. First, it was Tax Day for big corporations, which meant that banks would be sending a lot of cash out the door to pay tax bills. Second, a lot of auctions for U.S. Treasury bills were going to settle, meaning that banks had to pay cash for Treasury bills they had earlier agreed to buy. All of this would drain cash from the system and reduce the level of excess reserves. + +&#x200B; + +The events of the following Monday showed that the Fed's of New York trading team was essentially flying blind. This meant that the entire leadership team of the Fed, including Jay Powell, was also flying blind. The central bank had transformed the financial landscape by swamping it with money and in doing so had destroyed one monetary regime and replaced it with a new one. But there was no reliable instrument to measure the terrain of the new regime. This fact was made a stark reality on Monday, when the repo market blew up, the resulting market crisis almost became a full fledged financial crisis, at a moment in history when the markets were supposed to be stable and in good health. The only reason this didn't happen was that the Fed stepped in, almost instantaneously and initiated a 400 billion bail out. This bail out was unprecedented, and it benefitted a small group of hedge funds that had essentially hijacked the repo market and used it as a vehicle to make risky bets. The Feds saved them from the consequences of those bets. But the most remarkable part of the bailout is that the Fed did it without much notice. A 400 billion emergency cash injection was no longer news. The Fed described it as a matter of normal maintenance. But thats not how it looked from inside the Fed, as the repo market melted down. + +&#x200B; + +It wasnt unusual for repo rates to rise about 0.3 percent in times of stress. In December 2018, for example, the repo rate spiked dangerously during the market turmoil that prompted Jay Powell to reverse the normalization process. At the time the rates had jumped alarmingly high, from about 2.5 percent to over 3 percent . Nobody was expecting that much movement in September, when markets were tranquil, unemployment was low, and the economy was growing. The New York desk sent an alarming dispatch repo rates continued spiking, they would hit five percent that day. Nobody knew what was going on, this was the kind of repo rate that signaled a market panic. But there was no discernable reason for a panic. No bank had gone bust, no nation had just defaulted on its debt, and no major news had come out of a central bank . The analysts in New York were trying to get a handle on why the rates were spiking. It quickly became clear that the turmoil was not a fluke. The market was deteriorating. Lorie Logan who oversaw the New York Feds entire trading floor dispatched a message to Jay Powell , the repo market was seizing up, she reported , it wasnt stopping, and her team was simultaneously trying to understand the problem and come up with a plan to deal with it. + +If the repo rates did not immediately subside from 5 percent back into a normal range between 2.25 and 2.5 percent, they could precipitate a cascading series of failures on Wall Street. All those hedge funds, that used repo loans to pay their daily bills would be forced to find other ways to raise cash, and raise it quickly. This meant they would start selling off hard assets, like Treasury bills or mortgage backed securities . When too many people do this at once, it creates a "deleveraging" event, meaning that everyone is liquidating their holdings at the same time, which causes prices to crash. Logan and her team worked until seven in the evening on Monday to get an accurate picture of the repo market, the situation was very bad, the repo panic was not abating. But even more worrisome, it looked like the Feds Funds rate was about to rise above the level set by FOMC. + +On Tuesday morning Logan arrived early at the Eccles building to hold an emergency meeting with Powell, Logan presented the plan that her team had developed, if market conditions worsened, as the data seemed to predict, the Fed would be ready to act. That morning the price of a repo loan crossed 9.5 percent, this was the territory that caused financial meltdowns. That day the Fed initiated an unprecedented $75 billion into the overnight markets. That was just the start of a long bail out, which would later come to include massive new rounds of quantitative easing. When the Fed announced these measures, it used a lot of technical terms and talked about the whole thing as if it were a plumbing job. But this obscured and important reality. The money that the Fed unleashed was not a neutral force. It benefit some people and disadvantaged others. + +Between 2014 and 2019, the total value of "short" positions in the Treasury futures markets owned by hedge funds rose from about $200 billion to nearly 900 billion. The hedge funds found themselves obligated to make payments on their future contracts but had to pay more money to keep the repo debt rolling. When repo rates spiked in mid-September, financial analysts on Wall Street started hearing alarming stories. Certain hedge funds were very very desperate to raise cash and raise it quickly. Ralph Axel, an analyst with Bank of America captured the moment in a report published months later, his message was chilling. He pointed out that the hedge funds dependence on repo loans had doubled in a decade. If the repo market was closed off to hedge funds, then they would be forced to liquidate Treasury bills and mortgage securities at a level twice as large as the amount liquidated in 2008. Always understand Axel wrote, "The impact could be massive" The financial world faced a forced liquidation event that could be twice as large as that in the horrific crash of 2008, and this was all happening during the apparently sunny weather of an economic boom, when markets were not just stable, but rising. + +When the Fed entered the repo market on September 17, it bailed out any hedge funds that found themselves desperate for a repo loan. The going rate for such a loan was over 9 percent that day. The Fed offered such loans at 2.1 percent, using the money it could create instantaneously. The hedge funds could breathe. The repo market was once again available to them . It is difficult to quantify, financially, just how much money this was worth to hedge funds. They saved a great deal of money on the repo loan itself. But they saved a nearly incalculable amount by escaping the consequences of having entered basis risk trades that went bad. The Fed made sure the hedge funds did not need to liquidate their holdings. When the Fed announced its repo intervention. It didnt talk about hedge funds or basis trades or the fact that it was improvising a new system for controlling overnight loan rates. As the repo bail out continued over weeks and months, Fed officials like Powell and Logan talked about if as if it were a routine form of system maintanence. The Fed was trapped by its own past actions. It was committed to a level of intervention and money creation that would have once seemed wildly improbable. This is what it took to keep basic market functioning. + +Robinhood: + +Robinhoods platform was made to look like something that democratized high finance, moving riches of stock trading from Wall Street to the family living room. But Robinhoods business model was dominated by the same big players that already operated at the peak of financial power. The people who traded on Robinhood were not the companys real customers. Its real customers were big hedge funds and trading firms like Citadel Securities. Robinhood might have organized all the trading through its app, but the trades were actually executed through Citidel. These firms paid Robinhood millions of dollars for the privilege because it allowed them to see what people were buying then make trades based on that information as they filled the order. This was called Payment for order flow. Robinhoods cash from order flow more than tripled from the start of 2020 to the same period in 2021. Its unclear how much money Citadel earned from the arrangement, because its privately held. Market swings were hard to predict, but Citadel had a good view into how things worked at the Federal Reserve. In 2015, the company hired Ben Bernanke to be a senior advisor. +So what should make us optimistic about a recovery? A lot of investors are down or safely even but unless you are in this game long term then you are probably pretty bummed out with the current market. I mean $1.4 Trillion wiped out in in a few weeks is no joke. Something needs to give in my opinion for the market to pick up. It just feels like we are one tragedy, one bad news away from another sell off. Yet again it also feels like we are one positive US regulation or ETH 2.0 for the market to spike back up. + +SO what keeps you optimistic about crypto in this lame ass economic climate. God knows the fed, the government, the bankers or institutions are worried about us the little guy investing in our fun little coins. What needs to happen in your opinion for things to pick back up? +Not sure if this belongs more in r/relationships, but I'm guessing this is the more appropriate forum. + +My wife and I have been married for 11 years. We have 2 kids together, an 8 year girl and a 3 year old boy. She is an amazing mother, a fantastic partner, and the only person I want to FIRE with. We are in our mid-30's, and we just crossed the 1MM networth mark this year. 850K in investments, 220K in home equity. + +I've always been a frugal person, and I've doubled down on this since discovering the FIRE mindset a few years back. My wife has been incredibly supportive about this whole mindset despite her wanting to live more in the present given that there's no guarantee we'll make it to XYZ age. + +One continuous point of contention is our house. We paid 455K for it in 2010. The house also comes with 10K a year in taxes. I think if we were to put the house on the market today, we would get right around what we paid for it, despite finishing the basement and improving the landscaping. As a result, I cannot stop seeing the house as anything more than a money pit with a negative rate of return. We have wood siding and it's been 7 years since we painted it, so the paint is starting to chip. We're the corner lot, so it would be nice to plant some large trees around our short fence for more privacy. The landscaping's not great and we have too many weeds. + +My problem is that I don't want to do any of it because I would rather invest the money in something with an actual return. However, I also understand that we should have some pride in our home and take on the normal costs of home ownership. My wife asked me just the other night - what's the point of buying a house if you don't want to do any upkeep on it? Our house is average for our neighborhood but appearances matter, and my wife doesn't feel good inviting people over when there's paint peeling by our front door. We get into a cycle of her suggesting an improvement, me hemming and hawing and being incredibly indecisive, her giving up and saying forget it, me feeling very apologetic and responsible for being so frugal, and then me giving in due to guilt. + +I want to break the cycle. We have the money for home improvements. We have the money for a larger house. Would appreciate any advice on how I can have a healthier view of money and home ownership. I don't think my wife is irrational and I don't want my frugality to ruin our marriage. + +EDIT: Thank you for taking the time to read my post and share your thoughts. I've read through all the posts and it's definitely given me a better perspective on how to view the house as a home, and how to see things more from my wife's point of view. Now it's time to go home and try to mend things with my wife. + +IRS has sponsored VITA program across the country since the sixties. VITA stands for Volunteer Income Tax Assistance. Nonprofits like United Way, Community Colleges and Public Libraries etc. participate in preparing free taxes. This will save you several hundred dollars compared to a for-profit location or a CPA. Turbo-Tax etc are cheaper but not completely free. VITA is 100% free, you cannot even tip them, not even a candy. For terms, conditions and nearest location please go to https://www.irs.gov/Individuals/Free-Tax-Return-Preparation-for-You-by-Volunteers +I am an accounting faculty and the VITA coordinator at our local Community College. +But with much worse balance sheet. What exactly is their appeal? Maybe I am missing something but lets be honest how much are they really saving by not having brick and morter stores? +Moreover, it's not like clones like Ally bank are dominating the banking sector. +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! + +Pretty self explanatory. Massive swings already happening and will continue to happen. People are going to get dominated. + +If you value your ether or your fiat, don't trade right now. Buy if you want to buy, but I wouldn't be selling *with the intent to buy lower.* If you wanna get out and take profits that's one thing, but trying to time the market is gonna wreck you otherwise. + +Edit: Some of you may know I've posted this chart for weeks now in the daily discussion: https://www.tradingview.com/chart/pQe91Rlh/ + +We bounced right off the long term trend line. Close one. +I've recently learned there are ways to get ether besides buying it. For example, I saw Cent (beta.cent.co). I then saw coin-hive.com. While the latter uses Monero, it still opened my eyes to the potential. My question is, what are ways you've seen to "earn" ether. Mining doesn't count ;) +2017 vet here. Zoomed out. Forgot how to find the sell button a long time ago. Just buy what you can afford, and then fucking forget about it. Close that tab you have sitting open at work all day, sitting there staring at the lines move, and go get a fucking life. Seriously. Throw some money at it every now and then, then come back like I did... a mere fucking 3 years later... and laugh. You will win if you stop fucking worrying about it. + +Tldr: laughed and cried through 2017, and got dulled to the swings. Now I just buy occasionally and laugh as my portfolio consistently outperforms literally every other asset class. +&#x200B; + +[This is a real GME Stock Certificate given to me by my Mother-In-Law in 2009. Held through $3 and now were holding steady over $200. This made it's move from NY to Louisiana and back to NY. Now it's definitely a showpiece hanging in my office. Searched all over the internet and I can only find replicas. Been able to increase my position since then and this one is part of the infinity pool.](https://preview.redd.it/838t8qq6u0971.png?width=908&format=png&auto=webp&s=2322f42275d304486a1de2af0eadc8fc1cf6f847) +So I realized that not everyone that wants to FIRE is necessarily savvy with Excel or with math in general. I took a quick few numbers to do a simplified calculation of how many years of saving it would take to hit the standard goal of saving up 25x annual spending. The 25x is a rule of thumb found in the FAQs of this forum. This is really just for estimation since real savings and returns aren't going to be identical year after year. + +I assumed a net return on investments (after inflation) of 5%. This uses a percentage of your retirement income goal as the savings input, so 30% would mean that every year, you plan to save \~30% of the amount you plan to spend annually in retirement. Your income isn't a factor and the dollar value doesn't matter either - just the ratio of your savings compared to what you want to draw. This produces the number of years you'd need to save to get 25x of your annual retirement spending in your account. + +Using an input of 5% net return and a target account value equal to 25x your annual retirement spending needs, you get: + +Annually invest 10% of your retirement income needs - 53.4 years to retire + +Annually invest 20% of your retirement income needs - 40.6 years to retire + +Annually invest 30% of your retirement income needs - 33.7 years to retire + +Annually invest 40% of your retirement income needs - 29.1 years to retire + +Annually invest 50% of your retirement income needs - 25.7 years to retire + +Annually invest 60% of your retirement income needs - 23.1 years to retire + +Annually invest 80% of your retirement income needs - 19.3 years to retire + +Annually invest 100% of your retirement income needs - 16.6 years to retire + +Annually invest 200% of your retirement income needs - 10.0 years to retire + +Edit: As an example, if you’ll need to spend $50k per year after you retire and you can save about $30k per year while working, every year you are saving $30k/$50k = 60% of your annual retirement draw needs. Looking at the table, at this pace you’re on track to retire in about 23 years. + +Down in the comments I show another quick calculation which is how much income an existing investment is expected to yield at retirement by using the same assumed interest rate and 4% draw rate. The results are: + +Immediate draw - $40/yr per $1k invested + +5 years maturation —> $51/yr per $1k + +10 years maturation —> $65/yr per $1k + +15 years maturation —> $83/yr per $1k + +20 years maturation —> $106/yr per $1k + +25 years maturation —> $135/yr per $1k + +30 years maturation —> $176/yr per $1k + +/Edit + +Details: I used Excel's Future Value formula "FV" to do this. An example formula in Excel is =FV(5%,33.7,-30%)\*1. \[The "\*1" at the end just keeps Excel from misformatting your result.\] You can paste that directly into a cell in Excel and it will give a result of about 25. This example formula uses an annual savings rate of 5%, a term of 33.7 years, and an annual saving rate of 30% of your anticipated spending. The formula result (\~25) is the multiple of your retirement spending goal that you've saved. By tweaking the input parameters or targeting a different output you can see a range of savings rates, terms, and interest rates that will get you to your goal. I hope this is helpful to someone. +My husband works in a big box hardware store doing order picking making $25k a year. I have a work-from-home job that allows me to watch our kids and bring in about $15k. + +We are making it work, but there are still struggle months and weeks when something comes up like a car repair bill. We have about $10k in debt. We have NOTHING saved for the future. No retirement savings. No college funds. No savings to buy a home instead of renting. Nothing at all. We make "too much" to qualify for assistance programs so everything we bring home each month goes to keeping the lights on, the roof over our heads and food in our bellies. + +Recently a new distribution center for another company opened up near us and they are *starting* their employees at $45k per year. The job is similar to what he is already doing but in a warehouse instead of a retail location. + +With my husband's work experience and references - he would be a shoe in. + +But he refuses to apply to the new company. His reasons are - it is a 10 minute longer commute, he doesn't know anyone there, it is in a town he is not familiar with. + +I'm just so upset about it. I've been crying all day. We could finally stop struggling and actually get ahead. + +I am so sick of struggling. I wish I never got married and had kids. + +I'd go apply there myself if I could. (But no car, breastfeeding and a physical disability prevents me from taking a job like this) + +We need more money and I don't know what to do anymore. + +Thanks. I needed to get that off my chest. +At first, I didn't think anything of it past the connection to a share split. + +Today, I decided to re-read the 2022 proxy statement. Yup, the whole thing, again. + +So, two interesting bits and one very big thing caught my attention with this reading. + +1) **Interesting bit**: compensation plan. It extends the runway for Gamestop and allows them to hire top talent that will have a deeply vested interest in shared success. Heavily weighted towards future equity awards with a strong "No-hedge" policy on utilizing the share awards. Considering the soon to be glut in "redundancy" at many tech firms in the months to come, I see some major talent acquisition possible as GameStop's web3 products spin up. + +2) **Interesting bit:** Somewhat connected to the big thing, RC's agreement with Gamestop that allows for him to purchase up to 20% in one big, or several smaller purchases is still in place. After acquiring more than 20%, RC would be considered an "interested shareholder" according to Delaware General Corporate law and would restrict RC, or his holding company from pursuing any other business with Gamestop for a period of 3 years, including purchasing more shares. Basically it's a pending standstill agreement. So, why has RC not completed his 20% acquisition? Well, first, the 20% is larger than the 15% threshold indicated in section 203. This indicates an INTENTION to own more than 15%. It also indicates that there was, or may be within 3 years an attempt at a hostile takeover of Gamestop. At the very least, the concern that such an occurrence may hamper the strategic road map RC and crew had in mind when they accomplished their backdoor takeover of Gamestop. + + a) This indicates, to me at least, that RC is keeping his powder dry for now in case of a proxy war in the near future. + + b) This also is the big stick that allows RC to walk softly and talk trash about BCG etc... Between DRSed Apes and RC, there's not enough available shares to feasibly wrest control. + +**The BIG thing**: The Authorized Shares Amendment. Big, big deal. Much bigger than just a split. This is the thing that makes aqcuisitions truly feasible for Gamestop. At a time where valuations are crashing in many tech companies, having the flexibility to acquire undercapitalized companies or projects for "all stock" transactions is HUGE. Also, because of Ape tendency to DRS their shares, Gamestop knows that a split only empowers their HODLers, it increases the margin of safety from hostile takeovers by increasing the total number of shares that Gamestop can sell in private placement should a proxy fight whose outcome is not in the interest of the shareholders be imminent. RC will be able to double his stake before a proxy war could conclude, through new issue directly from Gamestop and still be able under of the Section 203 rules due to the 20% agreement. Or, should another like minded tycoon want in to RC and crew's vision of the future of Gamestop, private placement of a significant percentage of shares inflating GameStop's war chest, RC follows suit with a block order on lit markets to lessen the dilutive effects of the private placement. + +Anyhow, I got excited. I wanted to share my epiphany. I have not yet taken the time to crush all the numbers, but I suspect that any split would be 4 for 1 or 5 for 1, as Gamestop would keep a proportionate amount of unissued authorized shares in treasury for mergers and acquisition, employee compensation and raising capital from occasional ATM offerings. + +This is the year the shorts start to cover. It may not be all at once, but it may end up that way. + +Have a great weekend! +I was reading somewhere by 2030 98% of bitcoin will have been mined. + +So I wondered if 90% had already been reached: not yet, so I calculated what day the bitcoin that adds up to 90% will be mined, and it coincides with Christmas day! + +For the curious, the calculations: + +90% of 21M = 18,900,000 bitcoins, will be reached in block #715,715 (630,000 + 85,715): 210,000 \* (50 + 25 + 12.5) + 85,715 \* 6.125 = 18,900,004 bitcoin. Block #710,118 was mined on Nov 17 at 11:00 GMT. 5597 blocks remaining / 144 (blocks/day) = 38.8 days = 25th to 26th Dec., a few hours should be subtracted by the current upward trend of the hashrate. + +**TLDR:** On block #715,715, most probably Christmas Day or eve, 90% of bitcoins will have been mined! +"At that point some miners may decide to ignore that block and continue mining on a 1MB block max-sized chain and that may create another fork in the Bitcoin Network" + +Do I even need to explain why this is a disgusting misrepresentation of this situation that we find ourselves in? + +Reminds me of a news article I once read that did its very best to downplay a police murder. It described someone who the cops attacked as having "walked around the corner where they became deceased." + +I've never used Xapo before but if you have and have half a clue, this kind of narrative twisting cannot be ignored. +Guys, I have come up with a plan we can all follow and we will all be rich. + +First, we all make new Spotify accounts and do not upgrade to premium, so we will get ads. Then, we change the settings on our computers to never fall asleep while we leave Spotify running random music 24/7 (probably with headphones plugged in or just the sound muted). Since Spotify will be making a ton of money off of this, we buy calls before their next earnings report. As a bonus, we can stop running Spotify 24/7 and then buy puts for the next earnings report. There is literally no scenario where we don't make a ton of money. +Tesla has the largest short bet against a stock in history at 25 billion. Willl Tesla bears be vindicated ? The primary issue here is that tesla may be worth 400B but not for a few years. + +Will the stock plummet following the split ? I hypothesize that some may be more comfortable taking some profit/principal. +Majority means >50% .. this is standard, of course they were going to say this. + +Wait 4 days for DeLoitte to do the audit, GameStop will then file the vote count with the SEC and then we will know. + +Wait for the 8-K .. it's this simple. Everything else is FUD & speculation. + +This is disappointing coming from a moderator. + +EDIT 1 - The stream had over 20k viewers, it's disappointing that emotions cannot be kept in check and information be vetted before it is splashed all over the stream. + +All we heard for 15 minutes was u/luridess's opinion, which was completely misguided. + +Frankly, it was embarrassing. The community works so hard to build solid DD's, check each others work, and this is the example we're given by moderators ? + +EDIT 2 - Does this even need words... [https://www.youtube.com/watch?v=a4SicgRYTmk&t=4320s&ab\_channel=Superstonk](https://www.youtube.com/watch?v=a4SicgRYTmk&t=4320s&ab_channel=Superstonk) +Twitter user FatmanTerra recently tweeted a thread about Do kwon's arrogance which cost Anchor users in $20.8 in losses. + +https://preview.redd.it/x96ux0tt82191.png?width=668&format=png&auto=webp&s=39f5400a539fb16f5e00a06da3c8932ef30f6435 + +> In August of 2021, whitehat dev +> +>[@0xfr\_ (Twitter)](https://twitter.com/0xfr_) +> +>contacted Do Kwon about a serious bug involving Anchor's possible liquidator issues. He was dismissed for 'raging' and Do Kwon was 'pretty confident' that it would work (you can already tell what's about to happen) + +&#x200B; + +> In April this year, as per responsible disclosure, +> +>[@skgBanga](https://twitter.com/skgBanga) +> +>and +> +>[@0xfr\_](https://twitter.com/0xfr_) +> +>emailed the Anchor team, describing three issues in detail (one of which could potentially cause hugely unfair liquidations due to a major bug in the liquidation queue). + +&#x200B;