diff --git "a/reddit_finance_43_250k_409.txt" "b/reddit_finance_43_250k_409.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_409.txt" @@ -0,0 +1,10000 @@ +**WHAT I'M LEAVING OUT** + +Mod drama! + +&#x200B; + +**CLARIFICATIONS NEEDED (mostly 2021 stuff)** + +\-Were the Brazilian puts debunked? + +\-What did Apex do on Jan 28, 2021? I'd also like to list all the trading outages from that morning. + +\-Is there proof that the DTCC's capital requirements matched their standard operating procedures or internal equations? If not, I'd like proof that it was the DTCC and not necessarily RH who turned off the buy button. + +\-I have a lot of ask/buy spreads in the five and six digit ranges, and debunked RH cost bases, but what I don't have are the actual sales of GME whole or partial shares for over $500, either on buy button day or any of the other crazy trading days. + +&#x200B; + +**WHERE I NEED HELP --** A Foreword Author! + +I got turned down by Cuban, who was nice enough to chat with me over email about it. I've tried the two Reddit founders, Adam McKay, and a couple others to no luck. I considered Dave or our DD authors, but I know they probably want to stay separate from the "media" even if it is as homegrown as this will be. + +Is there a celebrity hiding among us who would offer their name to this effort? + +&#x200B; + +**I've received a TON of ape support on this project, which I appreciate. But for those who are more doubtful, I wanted to include some disclaimers**: + +1. Lead times are extraordinary for legitimate\* book and film releases, sometimes two to three years. I'm happy to say I pushed my publisher to get this book on their fastest timetable (under a year), and in no small part to a rigorous work ethic by both me and them. This way, when MOASS happens, our receipts will already be out there. +2. MOASS will ignite a hundred more books and movies produced by the "big" guys that will once again overshadow everything that's actually going on here. If my book is in the marketplace by then, you can rest assured one production will have the true story at its core. And, I encourage other writers and filmmakers to do the same, so there will be more. If MOASS hasn't happened when this book releases, it'll be the one-two punch to the diamond handbook that you can share with friends that you want for the final 10-20% of float locking. +3. I don't make much more than 5% per book sale, because this is my first publishing deal, and didn't get much of an advance. (I can verify contract details with the mods.) So, *it's not about making money. It's about sending a message.* +4. Whether or not the publisher accepts a "part 1" subtitle is out of my control. But I reached a point where adding more to my word count would have scared publishers away, while removing words to continue updating would have deleted crucial moments in the story. The publisher says I can have one chapter left open for as long as possible for updates, and then if part 1 sells well, I'll have an easy road to releasing part 2 (not to mention part 3, when apes cure every societal ill with our immense collective wealth). + +(\*i.e. Popular bestseller lists only qualify releases of this nature) + +&#x200B; + +**And last but not least, a trust me bro**: I've been speaking with the largest film/tv folks about this book for two years now, but they've told me this story has already been told, and are worried it "only" speaks to the million of us here. It's time to show them what we actually want. If pre-sales and/or sales are good, they'll finally listen. + +&#x200B; + +And once again, thank you all for your support. It means everything to me. + +&#x200B; + +*TL;DRS: I've covered gambling sub and Superstonk for two years. I'm going to get this story right where others have come up short. And this might be the only authentic piece of media to debut before, or immediately after, MOASS.* +you dumb fuck, nothing is urgent around here šŸ˜‚šŸ˜‚ + +you just buy and hold, while they bleed + +question what you read, check around, dont act out of blind crowd emotion, but your personal knowledge + +and wait for tendieman, he cometh +I'm currently 20 yrs old, looking to save for a house and just starting to learn about investing. I'm looking to invest 50% XEQT, 20% VFV, 20% TEC, and 10% TD. 90% of my portfolio is in etfs and index trackers. + +I've seen people on this sub along with main "base" etfs like XEQT and VFV also invest in many individual companies. Should I be doing more of that? Or is a etf based portfolio acceptable? +Expect news of the uplisting to the TSX soon. + +Not only will it graduate to the TSX, it will also be promptly added to the index, meaning all the index funds will need to buy! + +Listing of the shares is subject to Xebec fulfilling all the requirements of the TSX on or before Jan 19, 2021 +Not really theta gang strategy, but I have a friend who's into technicals really pushing this double top thing. + +While I know we can play both sides, I have several neutral/bullish spreads open now that I don't feel like closing. But what're your thoughts and moves as a result of this pattern? +I struggle with this quite a lot. + +Letā€™s say if you have a put credit spread on a broad index like SPX, QQQ etcā€¦. + +And if you have an unrealized profit of 70 to 80 percent of the original credit, but still have a good 2 or 3 weeks to expirationā€¦.. + +How to evaluate whether to close the spread or let it expire? + +Apart from how far OTM it is, potential changes in deltas, what else should I consider? + +Is the greed to gain additional 30 to 20 percent, worth the lingering uncertainty for next 2 or 3 weeks? + +Thanks. +Just curious about my wheeling strategy. Currently wheeling AMD and unfortunately it looks like my Friday June 19th calls are going to be exercised at $55 a share. My basis is $51.50. If my intention is to immediately turn around and sell a put for 3 weeks out, I could earn rough $2 in premium. If for whatever reason the stock continues to climb, how do I sell my second put? + +Do most of you continue to sell a put at $55 even though your premium would be less, or would you sell at $56 pocketing $1 of your last premium? If I sold the put at $57 I would technically have just lost all my premium from the last trade +Was reading this article and saw the SPY example. Collateral required is 100$ and return is 75$. It is literally 75% return in one trade!! Is it really possible?? + + +This is the article: +ā€œExample Iron Condor +SPY is currently trading at $335. We think that it will trade flat till Sept. 18, with low volatility. +Letā€™s say that we firmly believe that it will not exceed the $330-$338 range, and we only have $100 to spend on this Iron Condor. +This is the perfect scenario to open an Iron Condor, and profit from the Theta (Time) decay that comes from selling options. We can do the following to open our Iron Condor: +* Sell the SPY $330 Put @ 3.58 Credit (Strike at our lower range) +* Buy the SPY $329 Put @ 3.22 Debit (Right under our lower range) +* Sell the SPY $338 Call @ 2.50 Credit (Strike at our higher range) +* Buy the SPY $339 Call @ 2.11 Debit (Right above our higher range) +Net Credit: $75 (Total Credit ā€” Total Debit)Collateral Required: $100 (Greater Difference between call strikes or put strikes x 100) +Explanation +Our example shows how an Iron Condor would look like. +Since the options that we sold outweigh the options that we bought, we end up with a net credit of $75. +Our Put Strikes and Call Strikes are $1 apart. If we multiply that by 100, our collateral requirement is $100.ā€ +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# šŸŸ£ [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# šŸ“ā€ā˜ ļø [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! + +# šŸ™‹ ā€‹[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/) + +# šŸ“š Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this tradeā€“ then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Tesla just filed a Confidential Treatment Order with the SEC. This is normally used for secret acquisitions which if revealed could tip off competitors and give away secrets. + +&#x200B; + +What's so secret that Tesla is working on right now? I am taking this to be very bullish. +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 woke up early on a Sunday so excuse my extemporaneous post. But I was thinking about a lot of posts on here and the other FIRE subs where people talk about social friction due to frugality. How a lot of people don't understand our ways. + +This morning I'm thinking about a relationship I had with a woman who is very environmentally conscious. I noticed that a lot of my behaviors aligned with her goals, even if the motivation was different. A low-consumption lifestyle is very good for the environment! Less waste, less carbon emissions, etc. + +I've tried out explaining some of my behaviors as being driven by environmental concerns, and it goes over MUCH better than when I say I'm living frugally to retire early. + +Now, to be perfectly honest, the vast majority of the harm being done to the environment a) happens due to corporations and b) outside the USA, but that doesn't stop people from trying to do what they can. I feel like the FIRE movement might not get enough credit for being environmentally friendly. What do you think? +Curious as a newer trader, I know things come with time, learning, mistakes, & DD but I am interested to see how long some of you more experienced traders were into trading before your first big trade. +Hi all + +I am 23 and currently earning just over 75k (no degree/trade qualification) but have hit ceiling pay unless I do promotion courses which I donā€™t particularly want to do. + +Working for defence comes with a lot of fantastic benefits ie free health care, great super and excellent allowances and my work load is next to none considering the pay. As I donā€™t intend to leave anytime soon and will probably be a lifer in this organisation, I was wondering if anyone that is FI has retired comfortably from around this kind of salary? +I really don't think our prices are as inflated as Sydney and Melbourne's. In fact our population has actually fallen gradually over the last few years. + +But do you guys have any data of how inflated our property prices are Vs Sydney and Melbourne? + +To give you an example, you could buy a decent $500-600k 3-4 bedroom house here only 7-8 km away from the city in a decent suburb. + +Do you think our property prices will fall just as hard as Melbs and Sydney due to Corona? +Let me know your thoughts are on AT&T going forward. I think HBO Max/ 5G could give $T a chance to grow going forward, and they seem to be a staple in many peoples portfolio. Is AT&T a buy at it's current price of $30? What is your current cost basis if you own any AT&T? + +[View Poll](https://www.reddit.com/poll/mfero9) +So Coca Colas Revenue has been down. I want to hear peopleā€™s opinions on is still worth buying and is the stock overvalued now because of this. KO has a good reputation with its dividend and a world wide known brand. +Genuinely curious as to why the default recommendation is for Vanguard funds. Vanguard funds almost universally have higher expense ratios than similar funds at competitor brokerages most of the time. Fidelity offers lower fees and some with no fees. Vanguard has poor customer service and interface. No doubt Vanguard ushered in index investing and Jack Bogle is an absolute legend, but I constantly see recommendations for Vanguard without anyone discussing expense ratios or similar funds at lower expenses. + + +It's gotten to the point where I need to re-evaluate my thought process and ask "Is there something I am missing here?" or is it a case of people not paying attention to Expense Ratios or the differences they can make over a long period of time, especially in DRIP type portfolios. For a community that is dialed in to maximizing their investments and looking to tweak efficiencies here and there, it seems like ER is overlooked frequently and much advice is just repeated from elsewhere. + +My company 401K is through Vanguard, my personal and IRA investing is with Fidelity - I can't find the upside to Vanguard but if there is one, let me know. If ER's no longer matter, that's news to me also. +Hi everybody I am currently 20yo, ive just opened up an account with M1 and my pie is currently: + +33%: + +VOO + +VTI + +VYM + +I donā€™t know if this is a good way to set up my roth, thank you for any help +If you buy shares of an ETF that holds dividend paying stocks do you get dividend payouts from the individual companies or just as one payment? Iā€™m confused about how it works if you can drip dividend ETFs because I want to buy NOBL I think +Thanks +https://www.financialsamurai.com/feels-lot-like-2007-again/ + +When we start feeling that ā€œfear of missing outā€ urge, itā€™s good to remember that things donā€™t always trend better ... at least in the short- or medium-term. Iā€™ve noticed myself start considering Bitcoin and rental properties when I never had before and Iā€™ve needed to check myself. + +Iā€™m not looking forward to the next downturn. But Iā€™m curious how I will feel. In 2008, I didnā€™t have kids and had much lower rent. I suspect Iā€™ll feel a little worse in the next downturn, but who knows? Maybe Iā€™ll actually feel a little relieved. + +EDIT: To clarify, rental properties and bitcoin are *my* personal FOMO triggers. Nothing wrong with people who want to speculate with currency: many have become rich doing so. And of course, being a landlord is an age-old approach to cash flows for financial independence, Iā€™ve just never had interest in doing so. +I'm pretty sure everyone has gotten slammed to some extent within the past couple of weeks or so. Personally, my IRA is in the red for the year, and my portfolio is just breaking even for the year. + +Some of you are probably thinking if you did the right thing, by investing in the stock market. + +I'll answer that one for you: **You did.** + +Because unlike the rest of the general population, you had the acumen to realize that stuffing your money into a CD or a savings account was not a winning strategy towards a comfortable and sustainable retirement. You were also frugal, paying down your debts, and saving your money. Most people aren't even capable of saving effectively, let alone having enough money to play the stock market with. **Your decision to invest in the market already puts you ahead of many.** + +If you are worrying about how the past two weeks has impacted your net worth, you probably shouldn't be in the stock market. + +If you are still worried, I have a bit of advice for you: + +Log off of your brokerage account. Stop reading Bloomberg for a bit. Go outside. Call up your buddy to see if he wants to get a beer with you this weekend. Go take your girlfriend someplace nice. Go and enjoy your life; life is too short to for you to be worried about your brokerage account's balance. Come back in a few months, and I guarantee that your portfolio will be up from your previous peak, if not even more. + +Why? Because you are an investor, not a speculator. You are in it for the long haul. If you are thinking about rebalancing, wait till the next bull cycle in the market - because you are bound to lose out on potential gains if you decide to rebalance now out of trying to second guess yourself. + +**TDLR: Worried about the recent volatility in the market? Don't be. Stop staring at your account balance, get up, grab a beer out of the fridge, head outside, and enjoy your life.** +There's a lot of talk about smart money and dumb money, and which is why. Here's the clear delineator: dumb money talks, smart money listens. + +I chatted with a friend of mine on FB last night, just general catching up and whatnot. He knows I work on WS, so when the topic of investing came up, you'd think he'd ask me for any tips, right? Nope--instead he bragged about his past performance and how the looming Malthusian crisis was going to make gold and oil explode in value, hence his big bets on both (not that those worked too well for him in 2013, of course). + +Now when I talk to professional money managers, the conversation is the exact opposite. They don't brag about past performance or tell me their investment hypotheses. They want to know what I know. They listen very closely, and ask probing questions. They don't care if they look stupid or smart or good or bad. All that they care about is learning something. + +This trend is so common that I've made it an axiom of finance and it determines my own strategies in life: dumb money talks. Smart money listens. + +So next time you feel the urge to post about your killer trade or how you scaled 10 cents off of a rally in TSLA, or next time you want to reply to a post telling OP what an idiot he is for thinking X, Y, or Z, just remember: + +Dumb money talks. Smart money listens. + +So...what trades are you guys looking at for next week? +I'm a complete noob btw + +On robinhood, for AMD (trading at 27.21), I see a $16 strike call (buy) for $9.78 per contract expiring in 3 days. + +So if I bought this contract (9.78 x 100 = 978) and nothing much happened over the next 3 days and the contract expired at $27.21, I would essentially make (27.21 x 100) - (9.78 x 100 \[cost of contract\]) - (16 x 100\[exercise cost\]) = $143.21 + +This doesn't seem right. +*With all the tension in the air, the $MOJO team has been persistently working behind the scenes and they show no chance of stopping. With a real line of physical energy drinks coming by the end of June to bridge the gap between retail and crypto, it's no doubt that MoonJuice will continue to come out on top!* + +**- MoonJuice Sponsored MMA Fighter!** + +MoonJuice just officially announced that they are sponsoring MMA fighter Brian Maxwell who has a match before the Logan Paul / Mayweather fight in Miami next month! Brian will be taking on former NFL player Chad 'Ochocinco' Johnson. + +*There's only 3 matches before the main event so it's likely to draw a lot of eyes. This will be huge as it will bring in a ton of new retail investors that love MMA and most likely energy drinks!* + +**- MoonJuice Has Officially Partnered With 100xCoin!** + +100xCoin is another Binance Smart Chain project founded by Ken The Crypto. They've just revealed that they're going to be a Launchpad as well as they're building their own Mobile App - Altbase - "that allows alt-coin purchases on BSC from debit and credit cards." + +*How will this partnership benefit MoonJuice? My guess is that users will be able to purchase $MOJO tokens from the $100x app Altbase, which will further increase the reach that MoonJuice has to acquire more holders. Basically, this means number go up!* + +**- MoonJuice Has Officially Partnered With SaveTheWorld!** + +SaveTheWorld is a project that aims to be the defining charity token on the Binance Smart Chain by helping the World through its donations. The partnership was officially announced live on the $SAVE livestream where they also completed another donation on stream. + +*To me this partnership could mean possible collaborative energy drink cans in the future where a percentage of the proceeds would go to charity. This would be awesome because it would tie MoonJuice to a charitable cause, attracting more people to want to join the $MOJO community!* + +**- MoonJuice Coming To The Miami Bitcoin Conference!** + +The Miami Bitcoin Conference is just around the corner, and MoonJuice team will all be there to spread those $MOJO vibes! The Bitcoin 2021 Conference is happening on June 4-5, and the team will be coming with a surprise - the second iteration of their drinks! + +*The team clearly has a ton of unique ideas on ways to implement blockchain tech right into the hands of mainstream adoption, and they are going full force* + +Currently trending as a "Top Gainer" on CoinMarketCap, MoonJuice was just recently listed on both CoinMarketCap and CoinGecko, which skyrocketed the growth of their community! They also just doxxed their third developer BSC Chad, who turns out to be Patrick Sutton! He is officially the CEO of MoonJuice and he for sure looks like a chad! Here's a medium post revealing the chad himself: moonjuiceenergy.medium.com/oh-hello-patrick-261108d26202 + +You can check out the rest of the doxxed developers on their website! + +šŸš€ **Q2 Road Map** šŸš€ + +\- First Audit āœ… + +\- Unveiling Prototype āœ… + +\- Partnership Announcement āœ… + +\- Phase 2 Marketing \[In Progress\] + +\- Exclusive NFT Drops \[In Progress\] + +\- Deploying V2 of Website \[In Progress\] + +Their full roadmap can be found on their website! + +šŸ”„ **Tokenomics** šŸ”„ + +10% Tax on ALL transactions + +5% Automatically contributes to the liquidity + +5% Equally redistributed to all holders + +Initial liquidity burned forever + +Slippage At least 11% + +ā“ Frequently Asked Questions - notion.so/MOJO-FAQ-8fbae02568594f9992fb4b8618a07989 + +āœ”ļø Buy On MojoSwap! - mojotoken.app/ + +šŸ„ž Use V1 PancakeSwap - v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x8087e4c1735c1373f0d04b88d4dbe1fae1149123 + +šŸ“ˆ Chart - charts.bogged.finance/?token=0x8087E4c1735C1373F0D04b88d4Dbe1FAe1149123 + +šŸ”Ž BscScan - bscscan.com/token/0x8087e4c1735c1373f0d04b88d4dbe1fae1149123 + +šŸ”„ Burned Liquidity - bscscan.com/token/0x44c59fbd1e59cAE9b7c662ffc22117F20B0b653d#balances + +šŸ–„ Website - moonjuice.app/ + +šŸ  Telegram - t.me/moonjuiceofficial + +šŸ’¬ Twitter - twitter.com/themoonjuice +There's an economic downturn coming soon and I think, from a personal finance perspective, it might be similar to what happened in 2008. + +Does anyone remember what it was like back then? + +For example I've noticed: + +* 0% balance transfers offers are getting shorter. I have seen 32 month offers in 2019, but now it's closer to 26 month. +* Job market is extremely competitive. I've had two occasions where more experienced candidates applied to the same job with the same salary expectation. +* Cash savings interest rates are inching towards 0% +Can't find this info online - can anyone help re: retiring with no savings or private pension: + +**Scenario 1:** Single man, reaches retirement age of 66 this year. He has no savings, property, private pension or car. No assets, zero bank balance. No insurance. Nothing. He's just paid his final month's rent and ran out of cash. Has no dependents or partner. Has paid national insurance contributions all his life - How much would this person be able to claim on benefits, state pension, various housing allowances etc ? + +Basically, how much support would someone with nothing get if they reached retirement age this year and just asked the council/state for help as a homeless person with nothing? Would they receive a pension and be given somewhere to live? Would they be given money other than a state pension? Would they be able to choose any area? + +**Scenario 2:** Same as 1, except someone left the UK at 18, remains a citizen, has paid no NI contributions, returns to the UK at 65 and will reach 66 this year and wants to retire. Could they just arrive in a nice part of the UK e.g. Cornwall and inform the council they're homeless and at retirement age and begin claiming benefits? + CALGARY, AB, April 16, 2021 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (TSXV: HITI) (OTCQB: HITIF) (FRA:2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, announced today that its new META Cannabis retail store, located at 87 Clarence Street, in Ottawa, Ontario, has begun selling recreational cannabis products for adult use. The new store represents High Tide's 83rd branded retail location across Canada, and 17th in Ontario, selling recreational cannabis products and consumption accessories. The new Ottawa store is situated within the High traffic ByWard Market which is a major tourist destination. The new store is also within walking distance of the popular Major's Hill Park. + + "The opening of this new Ottawa store represents yet another milestone towards our commitment to open 30 branded retail locations across Ontario by September of this year," said Raj Grover, President and Chief Executive Officer of High Tide. "The ByWard Market store will follow our unique one-stop cannabis shop model in this iconic and high traffic neighbourhood," added Mr. Grover. + +[https://finance.yahoo.com/news/high-tide-expands-ottawa-launch-100000109.html](https://finance.yahoo.com/news/high-tide-expands-ottawa-launch-100000109.html) +An elderly gentleman backed into my car in a parking lot while it was parked. My friends and I were standing there and saw it happen (we were leaving the same restaurant as the other party). The other party stopped and gave me his insurance info and so forth. The damage is fairly minor but it does look like my bumper and a headlight will need to be replaced. + +&#x200B; + +However, there is disagreement between my friends and I about which insurance company I should call. I thought I was supposed to file the claim through my own insurer, but my two friends are adamant that this will result in me having to pay a deductible. They tell me that I should be calling his insurer to start the claim instead. Could anyone help to clear this up? + +EDIT: Maine, USA +We have long history on the financial system... And we can see how bankers are the real guys who control the strings on society, they make wars, they bankrupt countries, put your dear politicians in place, they pay lobbyists to push laws that benefits them, and the only thing that they want it's just more for themselves. + +They were winning, by a long shot, until crypto came along the way, we have an asset that has a limited stablished immutable quantity, we have a way to move large ammounts of money for a really low cost, and move that to anywhere in the world and the fee will stay the same, we have some crypto projects that give you 5-7% APY, we also have a decentralized system, where no one it's in control, and they just can't kill that one guy who's in charge of the project, and they don't like that, the only way that they have to kill crypto it's to regulate it hard, in a bad way, and they are doing that right now, at least on the US, but their Ego doesn't let them see that other countries already see the potential that crypto has, and that's where we have the advantage. + +The fact that they are paying millions, and millions for lobbysts to put crypto in a box, it's something that makes me actually smile, it's the proof that we are standing at the most revolutionary asset that we have ever seen. Hell even two of the most brilliant minds on the world predicted this system, Henry Ford and Milton Friendman, they knew that the government and a central bank, would be bad for society on the long run. + +We are about to change the game folks, don't be discouraged, don't put your guard down, and don't let a red day, forget about why we are really here, to make f\*cking history. +Just wanted to put some investment news out because yes, **worst case scenario**, Monday afternoon could see the beginning of an Asian financial crisis when Evergrande defaults on repayments. + +Apparently it owes around US $7bn this coming week and there are 130 Chinese banks and 132 Asian investment houses all into the Chinese company for around US $300bn. + +**It's simply too much money and I doubt China will bail it out**. + +Keep your eyes open because when Evergrande defaults on Monday, it could literally trigger something far worse than a blip on Chinese markets... +New to trading, havenā€™t even been trading long enough to have my rules set in stone. Itā€™s tough because often when Iā€™m down, I can bring it back up. + +I have a tendency to turn what could be my best day ever into my worst day ever. Iā€™m getting to a point where I have more green than red days but it would take me 15 trading days of making my daily goal to make up for last Friday. + +I know thatā€™s not sustainable, I know I should set some rules and follow them. I donā€™t know what Iā€™m asking really, just confused as to why this happens. + +This is all still paper trading. +I can't read [[this]](http://project.ukrinform.ua/news/virtual_currency_bitcoin_banned_in_ukraine__73534/) but maybe you can. + +Accompanying [[ZH]](http://www.zerohedge.com/news/2014-11-10/ukraine-central-bank-bans-bitcoin-protect-citizens-financing-terrorism) article. + +Translated: + +"The virtual currency Bitcoin can not be used in Ukraine as a means of payment. Reported official representative of the National Bank of Ukraine (NBU) on Facebook." + +---------- + +Currently tipping in $1 lots at /r/ukraina (thanks /u/Ididpotato for the idea) -- welcome any backup! + +Aaaaaand I'm banned. Darn. + +---------- + +Writeup from a Ukranian + +https://www.reddit.com/r/Bitcoin/comments/2lvczp/ukraine_and_bitcoin_clarification/ +I just completed my Bachelor's degree in Math. I am very confident in my Math and programming abilities. I think quantitative trader will be a very suitable career for me. I am considering a master's degree, a PhD, or an entry-level job in finance. For a master's or PhD degree, I am interested in Applied Mathematics and Machine Learning. + +What should I do to maximize my chance of success as a quantitative trader? (I can endure hardship and stress) Feel free to ask if you need any additional information about me. +I'm 37 years old,single income (45-50k/year) with a family of 3 (wife and older kid). I've never been able to put money into my pension but I do work in a union(4.5years so far) that does. + + Between rent, bills, essentials etc... I don't have much disposable income which is why I need a fairly flexible plan where I won't get charged if I let it sit for months at a time but I can also throw in $20-200 whenever I can. + +I'd like to try my hand investing a little bit into stocks (mostly to keep but I might try a few penny's for fun) but my main focus is setting myself and wife up for future retirement. + +What I need from you guys!: + +1) Canadian investment app (I'm 99% sure Wealth Simple Trade is what I want with no idle fees and $0 initial investment unless you guys think another program is better suited for me) + +2) I'm still in research mode for the most part but ETF's and RRSP(ETF preferred?) are my best friends right? + +3) Should I stick with Cdn $ for ease or is it worth looking into the American $$ stocks? + +4) General guidance and any suggestions (I'm still sifting through all the help stuff but if there's an especially important one please let me know!) + +5) Anything else I should be aware of or should watch for? +Say we also depend on our non registered account to reitre as a softer cushion. + +In a registered account, we have the beenfits of switching ETFs to more conservative ETFs with bonds if we want to become more risk aversed (eg; retirement years). + +This benefit does not occur in non-registered accounts because we are taxed on capital gains, so when we switch to conservative ETFs, we will be taxed significantly. + +&#x200B; + +**There seems to be a few approaches people are saying:** + +1) Still do VEQT until you retire, can be quite risky during retirement age. + +2) invest in VT/VTI, just in case if the US and CAD market are not doing so hot. + +3) Get a financial advisor haha + +&#x200B; + +Curious on what people suggest here? I can't seem to find books in regards to in /r/PersonalFinanceCanada /r/personalFinance /r/financialIndependance + +Any ressources would be appericiated! +Iā€™m too young to remember 2008, but I how did the average persons day-to-day change? Did it change? What would you do differently if something like it happens again? How would you prepare (not really your stock portfolio, but your real life)? + +Edit: just to clarify Iā€™m not trying to fear monger a crash, genuinely want to hear it from the average everyday people how it affected their lives. +Hi all, a bit new to the FIRE community but currently assessing my options regarding whether I should stick out my current line of work for the stellar public-sector retirement benefits (which would help my FIRE plans immensely). + + +Right now I'm an engineer with the federal government - more specifically, with the State Department. I'm also in the Foreign Service, which means I'm fortunate enough to be covered under FSPS. Basically this means that if I stick around until I turn 50, I'll get a full pension (~34% of my high-3, which would probably be ~$50k/year in today's dollars) + retiree health benefits (+ SS supplemental, although I'm assuming that'll go away soon). + + +Sounds great, right? The problem is that I think I'm burning out on the Foreign Service lifestyle. Part of that is the frequent moves which have started to go from exciting to exhausting (you're changing jobs AND moving every couple of years), not to mention the lack of support for spousal careers. I've managed to mitigate this by staying state-side (DC area) for the past few years, but I won't be able to do that forever - I'm allotted six years max before I have to either move overseas again or quit. My current assignment is probably not helping - I'm traveling internationally 50%+, usually on very short notice. It's lucrative (I get tons of overtime) but it's also tiring and very hard to get other things in my life done when I'm on the road that much. + + +My original escape plan was to just find a regular non-Foreign Service federal job; I would have to switch to FERS which bumps my retirement eligibility out several years but would otherwise allow me to keep my existing benefits. Unfortunately I've been trying this route for over a year now with no luck. As those who have worked in the Federal Government are probably aware, USAJobs is pretty much just a black hole, and there's not really a shortcut around it (I'm also excepted service, which makes things harder - no competitive status to lean on). The current administration has not helped either - federal opportunities (including internal hires) have seriously dried up since January. + + +Any thoughts? My family has suggested sticking it out a bit longer, maybe till the next administration if I can find a way to do it. I've considered going the contractor route, I could probably get a match or very slight bump on salary but would lose a lot else (that sweet pension obviously, but I also lose job stability + all the other fed benefits). I know money's not everything, but that pension is a lot of cash to walk away from. + + +FWIW I've been in 7 years so I still have 13 years till I'm eligible to retire. Also my wife and I are DINKs in our late 30s, no debt other than a mortgage, currently have ~$250k in retirement savings between the two of us (we were a bit behind on 401k savings, but are now maxing out our accounts). The wife is on board with FIRE, although we're not looking to retire super-early (50s most likely - I'm more interested in the FI side of FIRE). +**Is there a subreddit for anti-DD?** Somewhere to be the devilā€™s advocate for pennies without being downvoted into oblivion? Well-formatted DDs and hundreds of positive comments for the same tickers have become so commonplace that even the best of us can get caught up and miss the red flags. + +Lately, several pump and dumps gave me a bad taste in my mouth, but I donā€™t comment because I like to give the benefit of the doubt and for better or worse assume other people are seeing something Iā€™m missing. But then occasionally I come across someone else who is brave enough to call it as it is, but those comments are far and few between and get lost among the overly positive comments. +There's a development going up near by me soon that I'm pretty interested in, however I'm pretty sure (based on the architectural drawings) that they intend to use single glazed windows. + +I suspect with enough $$$ developers will basically do whatever you want, but was hoping someone has some experience with working with a property developer to modify the "plan" +Contrary to the saying "time in the market beats timing the market", capital gains for property vary massively depending on when you buy and sell, even if you hold for a long time (e.g. 10 years, which is a commonly suggested timeframe for property). + +https://imgur.com/a/DxlQavJ + +The linked charts show the inflation adjusted annual change in house prices averaged over the previous 10 years (using ABS data from 1986 to 2021). + +Nationally, price growth averaged 3.7% PA over this period, but varied from a high of 7.1% if you bought a place in December 1997 and sold in December 2007, to a low of 0.3% PA if you held from March 1989 to March 1999. + +The differences are even more stark at a city level. If you owned a house in Perth from December 1996 to December 2006, you made almost 10% PA, but if you bought in March 2010 and sold in March 2020, you lost 2.5% PA. Even cities like Sydney are hugely variable over between 10 year periods - June 2003 to June 2013 returned only 0.5% PA, while March 1994 to March 2004 returned 6.8% PA. + +I found these results quite interesting, as I (and I'm sure plenty of property investors) assumed that a 10 years would be typically be long enough to see a reasonable return. In reality, a more realistic timeframe is probably 15-20 years or longer. +I need to tighten the belt at the moment and I'm looking at reducing my outgoings. At the moment I've got full comp on the car, and I'm trying to calculate if there is a point where maintaining full comp on the car is no longer worth it as the value of the car decreases. How I could work that out? +[How much money should you have in your superannuation by age +](https://www.news.com.au/finance/economy/australian-economy/how-much-money-should-you-have-in-your-superannuation-by-age/news-story/9b49907a8c9ad90137a6a7c4af54471d) + +At age 26 myself looking at my super being only $15k scares me a little. What have I done wrong? +(Though I don't have any financial problems) +I'm just curious, +How much HECS do/did you have? +How long did it take to pay off? +Did CPI really add a lot of $$$ to your total amount? +Anything you would have done differently? +What have you learnt? +Following up on my first complaint to the German SEC, BaFin, from Aug 5 (cf. [here](https://www.reddit.com/r/Superstonk/comments/wmk4ia/post_from_german_sec_for_bafin_the_actual/)), I reached out to the contact window due to my broker stalling to respond to my questions about a) the source of the shares first posted as "Stock dividend" then reversed to "Stock split" and b) ways to DRS for almost 5 weeks (usual response time = 4 - 12hrs!). + +I informed the BaFin contact on Aug 12 about the oddly long broker response time + active stalling and presented him with all links and information about the DTCC files, GME press release and 8K and the functional codes used concerning the splivvy suspecting that I received IOUs instead of the share dividend distributed by GME. + +Sep 14, I got following response (Deepl translated): + +**TL/DR:** + +* **On BaFin's request, all German service providers confirmed that the dividend shares have been delivered to them and thus to all brokerage accounts** +* **BaFin performed a sample testing without remarks, i.e. all shares tested were actual shares (no IOUs or similar)** +* **BaFin disclaims that they only supervise German financial markets, stating "they cannot have any influence on business transactions that take place exclusively in the USA" and referred me actively w.r.t. the DTCC issues to the SEC** + +\--------------------------- + +"Dear Mr. X, + +I have received your further submission on the subject of the GameStop Corp. stock split and comment on it below. + +According to all statements and documents available to me, the respective U.S. depositories delivered the new shares to the securities accounts of the German custodian institutions. BaFin has obtained confirmation of the delivery from its supervised service providers and has also carried out random checks. There were no indications to the contrary, in particular no indications of use of the shares for the account of third parties (securities lending transactions, IOUs or similar). However, BaFin can only supervise the German market and service providers in Germany. Therefore, I cannot have any influence on business transactions that take place exclusively in the USA. As far as you refer to transactions of DTCC, I have to refer you to the U.S. supervisory authority. I have taken note of your comments regarding the customer service of Consorsbank. I have already informed you of my duty of confidentiality pursuant to Section 21 of the German Securities Trading Act in my last letter. + +Please understand that I cannot help you further in the above-mentioned matter. Nevertheless, I would like to conclude by thanking you once again for your input, as input from the public is an important source of information for my supervisory activities. + +Yours sincerely + +On behalf of + +Sebastian E." + +\--------------------------- + +What to make out of it? + +My opinion/interpretation: + +* BaFin recognizes irregularities with the GME splividend in Germany. +* Hence, they sample tested and actively requested legally binding confirmations by all German custodian institutions. +* Stating that BaFin does not have any influence on business transactions that take place exclusively (!) in the USA, they do not say that just because the splivvy in Germany was carried out correctly that everything that happened in the USA was done correctly. +* Based on the same statement, BaFins attitude / standard operating procedures (sample testing/confirmation requests) suggest that they expect the SEC to have sample tested as well and requested custodian confirmations (!). But we didn't hear anything from SEC complaint responses? +* Assuming the splividends are real shares distributed in Germany, assuming further this applies to all EU countries with similar Governance/Compliance, this might suggest that DTCC fucked with all US shareholders but couldn't fuck with foreign shareholders because of actually working and visibly enforcing governmental bodies. +* This means, the DTCC still holds a fraction of the splividend shares, never distributed to US shareholders, but processing it as stock split on the domestic financial market. + +EDIT: I think, we have a great debate coming in in the comment section. I will collect all the questions raised here after work over the course of the next days and follow up with BaFin in a new mail and keep you posted. Please continue contributing! +https://www.cnbc.com/2020/08/04/microsoft-reveals-more-details-about-its-xcloud-game-streaming-service.html + +Cloud gaming will integrated with the Xbox Game Pass app on Sept. 15, allowing users to jump into a game from their smartphone or tablet. + +Players will be able to choose from a selection of over 100 games at launch, including "Destiny 2," "Gears of War 5," "Grounded" and "Halo 5." + +The ability to play games from the cloud is a concept that's gathered increasing momentum in the $150 billion gaming industry. +* Friday, November 18 XRT goes off threshold. +* At the time there is around 400k GME shares available to short on IBKR +* Tuesday, November 22, just two trading days later, 2 Million GME shares are available to short on IBKR, and increase of 1.6 Million shares. + +You can check all of this yourself on the via the following websites: + +https://www.nyse.com/regulation/threshold-securities +https://iborrowdesk.com/report/GME + +p.s. This is only data for borrowable shares on IBKR. Who knows how many shares showed up in other borrowing pools. +This is more of a personal rant rather than a financial one, but I have to get this off my chest. It's kinda long, so bear with me. **TL;DR childhood house that was literally falling apart around us sold this year and already flipped into a gorgeous home. Incredibly upset seeing how beautiful this home is now, when it probably should have been condemned when I was growing up.** Also, CW: mentions of suicidal thoughts. + + + + + + + + + + + + + + + + + + + + +My dad sold our family house earlier this year so he could downsize and move out of state with other family. I lived with him in this house until my late 20s. I'm not exaggerating when I say this house should have been condemned. Holes in the floor, which meant hole in ceiling downstairs; roof issues, so it rained inside the house sometimes; unfinished construction projects in nearly every room; not functional plumbing and unreliable running water in the bathroom for over a decade; broken windows in the front door; garage wall held up with stacked cinder locks, my basement bedroom with diy drywall separation and no door and broken windows, etc. I really could go on. + + + + + + + + + + + + + + + +My parents divorced when I was young and my sisters and I stayed with my dad. I often joke that he is a mountain man who happens to live in a house in the suburbs. He definitely had a poverty mindset in a negative way. Refused to pay for any repairs to the house because he claimed he could do it himself. But worked 12-16 hours a day with no time to fix anything. And honestly, no ability to either, but he'd never admit that. Gaslight me for a long time to make me think I had unreasonable standards and there was something wrong with me for wanting stability. I couldn't ever express any feelings about anything since he claimed there was nothing wrong with the way we lived. He called me "uppity" for expecting a working toilet in high school, when he was just fine with having to flush by manually filling the tank with a bucket of water from the kitchen. The house was literally falling apart around us. + + + + + + + + + + + + + + + + + + + + + + + + + +I stayed with him so long mainly because he didn't charge me rent. And after my sisters moved on, I felt like I couldn't leave him alone. I was blinded by my love for him. But my mental health suffered enormously. I felt like I deserved to live like that. I knew there was a better way, but not for me. I wasnt worth not living in filth and disrepair. Even though it was out of my control, it felt like a personal failure to live there, to not be progressing in life. I developed severe depression and anxiety, plus other mental health and chronic pain issues that I still struggle with today. By the time I realized I had to leave the house or I might actually kill myself, I was in a toxic relationship and made a bad decision to buy a condo with said partner - looking back, it was just to get out that environment. That lasted several years until we had to sell or risk foreclosure. Luckily, I left that relationship and was able to move in with my mother. + + + + + + + + + + + + + + + + + + + + + +But my dad stayed in that house until earlier this year, when he was forced to take early retirement when the company he works for downsized. He had to sell the house as is, at a loss, because it needed so much work. He can now live his dream of moving down south and living in the mountains. + + + + + + + + + + + + + + + + + + + + + +Earlier today, my mom showed me the listing for the newly remodeled house. It is phenomenally gorgeous! They paved the driveway (it was loose gravel my whole life) and the yard is stunning. The inside is like a completely different place and so much better than I ever could have imagined. Its so much more than just a coat of paint and new decor. It feel like an entirely new structure. I am so jealous and angry and sad that this home could be so fucking beautiful! + + + + + + + + + + + + + + + + + + + + +Why couldn't I have lived in this version? Why did I have to freeze in the winter and sweat in the summer? Why did I tear up my body as kid because our front yard was full of rocks and broken down tress? What could my life had been like if I had a functional, clean, stable place to grow up in? Would I still struggle with taking care of my basic hygiene? Would I still have these mental and physical issues? Would I feel like an adult in my late 30s instead of feeling like a stunted youth? + + + + + + + + + + + + + + + + + + + + +I wish I could be brutally honest with my dad and tell him how much anguish and trauma I still carry from growing up in that house. Like what the actual fuck dude?! Why did you choose to let our family live in squalor when there was so much potential? + + + + + + + + + + + + + + + +If you made it this far, I'm sorry for the rambling rant here that probably doesn't make much sense. But I am crying right now and so overwhelmed with all kinds of different emotions right now. +Yesterday, I watched the movie The Big Short again and then it hit me. We are all so distracted by the price, hyped by getting rich and hating on the shitcoins that we forget what Bitcoin is really about. Killing the banks. + +If you haven't seen it, The Big Short is a movie about the financial crisis that ensued in 2007 because of the housing market collapsing. This wasn't an "unfortunate event" because of ignorance and stupidity. This was orchestrated by the too-big-to-fail banks, because they knew the taxpayer would bail them out anyway. + +Nobody went to jail. No banks were broken up. No regulations were introduced to prevent this from ever happening again. Nothing happened. + +These people knowingly trashed the economy leaving millions of people without homes, without jobs and without their hard-earned retirements. And they got away with it. + +They are too powerful. They are in the government, they are in the media, they are everywhere. We can't destroy the system from the inside. We have to do it ourselves, and that is what Bitcoin is about. + +I'm surprised they haven't tried harder to destroy us, but I'm afraid that will come soon. Prepare, HODL, and remember what this is about. + +All the best +Iā€™ve noticed that I would see a stock going up and then get in on the game only for it to just dip literally right after I buy it. I do it because I fear missing out on the gains. + +Iā€™m also afraid to buy the dips because Iā€™m afraid that itā€™ll keep going lower since even large companies have gone down and taken years to pop back up again. +Or who wants to help me come up with one? + +When I used to work on Wall Street in NYC, I always had a well-thought-out, well-crafted elevator pitch for whatever play we were working on at the moment. I would drop it any time somebody wanted to talk about the market casually. + +But, to be honest, the whole GME scenario is pretty complex and lends itself to sounding like delusion. That is to say, it's not easy to explain to the average investor, who tends to be a bit cynical. + +Edit: Some great replies in here. Thank you! +I'm retarded wish me luck. + +https://preview.redd.it/qot3bzw59et51.png?width=1036&format=png&auto=webp&s=c333183daa9b8526aa8df7d29a6cfd08d269efbb +&#x200B; + +https://preview.redd.it/xraujo5eyhp61.jpg?width=902&format=pjpg&auto=webp&s=feedf56978dd8b566511a108a0fb286303980788 + +Given the diverse styles that I see people in this sub using, Iā€™ve been inspired to write up a short list of position size strategies. I see investing as comprising two major skills, identification (DD) and risk mitigation. One way to manage risk is through position size. I donā€™t think there is a ā€œrightā€ way to do it. It all depends on one's aims and risk tolerance. + +If you think this is advice, you're more retarded than I am. + +Anywho, here are some distinct methods I'm familiar with: + +**All-In** ā€“ Betting is a game of percentages, right? Canā€™t say Iā€™ve tried this with stocks, but I admire the balls it takes to do it. Worst case scenario of losing everything is very real in the spec stocks. Trading halt could lock down capital for a long time. One could be forced into a huge loss in order to exit a position that may never recover (or best case, take years). Conversely, it might double your money very quickly. + +**Kelly Criterion** ā€“ This is an approach to gambling using a mathematical formula to determine ideal bet size. It maximizes returns over time while reducing the chance of bombing out. The math behind it gets a bit complicated so check out the wiki. But basic method is to take one's odds as % chance to win, multiply by 2, and subtract 100 to determine bet size as a % of total capital. This can be applied to trading/investing. Idea is to measure one's own hit rate (% stock picks that win) and use that as the odds to apply the formula to. Itā€™s kind of an elegant method as it scales to an individual's ā€˜skillā€™ level. + +**Risk Tolerance Method** ā€“ This involves determining personal tolerance for risk and using that as a basis for determining position size. For example, risk tolerance level might be 2% of total capital. In trading, that might mean using stop loss distance in conjunction to risk level to work out the position size. In investing, it might mean managing each position so that no single one is larger than the risk tolerance level. + +**Standard Allocation** ā€“ I read that commonly investors end up with a portfolio of 20-30 stocks. This works out to be 3-5% position sizes. Itā€™s not necessarily right or even ideal, but I guess could be considered a standard allocation of sorts. I think that using this position size isnā€™t too bad, though maybe a bit too conservative for me? + +**Diversification** ā€“ I think this method is most useful for people who want to preserve their capital above all else. Tangibly this might mean buying an ETF or a set of ETFs to spread risk across many stocks and/or asset classes. I think there is something to be learned from splitting positions between sectors and major industries, even if the individual positions are large. If all of the stocks in a portfolio move together, it may be hard to take advantage of opportunities in inversely correlated parts of the market. + +**Tier System (123 Method)** ā€“ Not sure if this is a thing, but this is generally how I approach it. It involves the risk tolerance method, but as an addition, I use perceived risk level to justify larger position sizes. Essentially, I take my base risk tolerance % to determine the size of one parcel of stock. Then for stocks with less perceived risk, I allow for 2x or 3x parcel allocation. As an example, if my risk tolerance was 3% of total capital, that would allow for a maximum commitment of 9-10% for a single low risk position. + +Somewhat related is entry and exit methods. E.g. one chunk, averaging in, targets sell points, free carrying, etc. Might be interesting to write about in future. + +I'm interested to hear about other people's position size strategies. +As per title: Which stocks are you all holding that you donā€™t see discussed here every day? + +You donā€™t have to give any justifications or anything. Say as much or as little as you like, Iā€™m simply curious to chuck some of these deep cuts on a watchlist because anytime something moons tenfold thereā€™s always one guy who pipes up with ā€œYeah Iā€™ve been holding since October 2020, no big deal thoā€ + +Anyway I took a punt on COSOL (COS) today. they provide IT systems for various sectors: energy, defense, infrastructure. looked pretty steady thru a tumultuous September, hopefully theyā€™re going places because if not itā€™s gonna be McDonaldā€™s napkins for xmas dinner. +When I first started investing I thought it was a good idea to look at the market movers at the start of the day and buy the stock that was flying up in the small caps. + +Buying high and selling low at its finest. + +I was lucky to get away with it once that made up for all the other loses I made. + +What dumb shit have you done fellow retards? +I generally have no trouble justifying to myself why I should buy stocks. But now that I've bought a few Ive realised I have no idea how to justify when to pull out and sell. + +Can anyone offer insights as to how you determine when is the right time to sell a stock? + +This is a general question but specifically I own AVZ, LMG, ARU and NC6. +A friend of mine is going through a recruitment process and the employer is requiring 10 years of payment history, and they havenā€™t even had a face to face conversation yet. This seemed really odd to me. This is also a very well known company. Is this a norm? I never disclose my previous pay for obvious reasons, but are there some places that require this? + +This is in Missouri btw. + +Hereā€™s the exactly language: + + +Hereā€™s the exact language they are using: + +ā€œInformation You Will Need for the Application: + +Employment history for the past 10 years ā€“ including employersā€™ names, addresses, managers' names and phone numbers. This also includes Internships, Part-Time/Summer Jobs, Work Study positions and gaps in employment. + +Salary history for each employer ā€“ including commissions and bonuses if applicable. Tax documents may be requested at a later time (W2s, 1099s; a schedule C; or a K-1) for employment.ā€ + +This seems like an insane request. Itā€™s for a Fortune 500 financial institution. +Seeing everyone's reactions to today's GameStop hearing gave me pause to wonder... Maybe the focus on Payment for order flow (PFOF) has been a case of carefully controlling the conversation away from the real issue on purpose. + +We know the real issue around GME is abusive shorting. It was abusively shorted, and available evidence says it continues to be. (No data supports that anyone covered. The only information provided as evidence has been 1. an anonymous source saying they covered in late Jan/early feb & 2. self reported short positions & 3. KenG saying they closed their positions in GME) + +What if this entire hearing is designed to try and control the public narrative away from the topic of shorting. They might be doing the magicians trick of waving their left hand in front of your face so that they can take action with their right hand. + +If they are trying to minimize the crater when this goes off, then they certainly wouldn't want it coming out in a hearing that Yes, GME continues to have a short interest of XXX% and it WILL explode. (causing everyone and their cat to immediately pile back in). It would make much more sense to redirect now, and Oh surprise, Hold another hearing focused on abusive short selling after the market meltdown, as a distraction from the real issue of overleverage, rehypothecation and abusive market makers + +These hearings seem to occur AFTER the fact of the thing they are discussing. + +PFOF was an issue that has now been exposed, Lets hold an ineffective hearing about this thing that has ALREADY had an impact. + +Abusive short selling. That fuse has been lit, but the explosion hasn't occurred. Why draw attention to it now in the hearing? + +After the upcoming market meltdown, I'm sure a hearing will occur focusing on the wrong thing again. Always putting Focus on the wrong topics as a distraction from the real currently impacting issues. +Iā€™ve heard a few people say that US inflation bonds are basically offering a guaranteed 9% nominal return or something along those lines. Iā€™m not very familiar with I-bonds so would appreciate if anyone could clear some things up for me. + +If the interest you can get at the bank is in the 0-2% range, why wouldnā€™t these have been bid up to offer a much lower yield to maturity/why wouldnā€™t more people be buying them? + +Or is it untrue that it guarantees a 9% return? +Whatā€™s good on the weekend my fellow autists and degenerates?. Swaggy, the options savant, brings you some unusual option flow from the week. I'll preface today's post by saying that the spreads on these stocks probably aren't great and most likely are "risky" plays. So do your own due diligence if you decide to jump in. + +If you want to understand more about option flow, I made [this post on reddit](https://www.reddit.com/r/SwaggyStocks/comments/i2cwm1/unusual_options_activity_option_flow_what_it_is/) to go through some of the basics of how to look at flow. Next week I'll go in detail on how to incorporate different strategies into your trading. + +**RCII ā€“ Rent-A-Center** + +Spotted some unusual option flow in Rent-A-Center in December 18 CALLs. Player purchased 1,500 CALLs at the $40 strike (33% OTM), stock currently $29.00. Bet size was about $85k and the player is expecting a huge jump in stock price by the end of the year. RCII reports earnings next week August 5th. The strike price was the highest strike price currently available on the option chain and the volume of that trade was about 33% of total open interest for every single option chain available for that stock. + +https://preview.redd.it/9hlqcl27ple51.png?width=2228&format=png&auto=webp&s=647bd68284306fae782f8afc546e3a1435ea5cb1 + +**HSBC ā€“ HSBC Holdings** + +HSBC saw some bullish flow with next weekā€™s expiring (Aug 7) calls. A player purchased over 8,000 CALLs at the $23 strike for a premium of $365k. Pretty big bet for a position expiring next week. Of note, HSBC is currently near 52-week low and they report earnings Monday. + +https://preview.redd.it/hyju02slple51.png?width=2248&format=png&auto=webp&s=344a6b37e838fe63b41826983587937ebe266ff3 + +**WORK ā€“ Slack Technologies** + +I saw some bullish flow roll through WORK last week. Most of it was PUT selling with an expiration in the fall or next year. There was also one interesting position opened that was interesting. A player opened a synthetic long position, which is similar risk to buying shares outright. The play was: 1. Bought to open 15,000 Sept-18 CALLs at $30 strike and 2. Sold to open 15,000 Sept-18 PUTs at $30 strike. Essentially they collect $1.3 million in premium to go long on the stock as long as it stays above $30 by September 18. If the stock closes below $30 they will be assigned over 1,500,000 shares. Of course, they can sell anytime before then, but they are pretty bullish on the stock with this position. Of note, Slack has been hammered in recent weeks due to the increase of competition to their main platform. + +https://preview.redd.it/68j94a8nple51.png?width=2390&format=png&auto=webp&s=4d70bc373e72c6c5edf94fa7b3c753603460eb0c + +**MS & JPM ā€“ Morgan Stanley & JPM** + +Iā€™ll categorize these two guys together. Banks have been getting the smack-down over the last several months. Most saw a bit of uptick in call activity coming through last week. Nothing spectacular here, but good to notice an increase in bullish flow as we have recently been starting to see some rotation out of tech. Banks could be due for some positive news, most are near the lows. + +https://preview.redd.it/9kuaz3vople51.jpg?width=3264&format=pjpg&auto=webp&s=c13e3aa4858c1c4b7fe223214f96ffa29fef5b78 + +**VXX ā€“ VIX Short-Term Futures** + +Following up from last week, players are still betting on a decrease in volatility for the short-term after next week. Analyzing some of the plays, it looks like players are expecting the VXX stay in the range between $23 and $27, $currently $29. VXX going down means volatility dropping, which typically is bullish for the market. + +https://preview.redd.it/fuqqjbxrple51.png?width=2998&format=png&auto=webp&s=b041636edaa2b74fdbaae027544e45a7e3457a15 +Holy hell the number of people and relatives that come out of nowhere was surprising. He only told a few people but it quickly spread. The real problem is not those irrelevant people, but his closest and direct relatives. Our family seemed stable when it came to money. No one ever seemed like they'd be like this other than 1 or 2 members. Some of his siblings are fighting him, his mum is just being a horrible person. The things that have been said left me in shock. My parents/siblings have been trying to resolve this but I also see the greed in some of their eyes. + +&#x200B; + +I feel bad for the guy. We spent the first week just talking and doing random shit to distract him from the situation at home. Some of his relatives turned on his girlfriend blaming her when she has kept quiet the whole time and just supporting my cousin. Honestly, I'm worried for him. We don't know how to handle the future, but for now, we're just making sure he spends it wisely and limits himself. + +&#x200B; + +Seriously guys, LPT even if you think your family is not like other families, and money won't cause this. Just stay quiet. It's for the best. I've always felt this way, but after seeing it... just wow + +&#x200B; + +&#x200B; + +I hope everything makes sense up there cuz I have yet to sleep and I feel like I'm rambling +So I kind of don't have a trusty person who knows finance well to help me out so I figured I would post here and see simply, if you were in my shoes what would you do? + +So I am a general dentist. I'm 28 years old, I've been practicing for almost 3 years. I'll break down my total debts here: + +* $500k student loans interest rates varying from 3.4-7.9% (rates are fixed though) +* $300k mortgage w/interest rate 4.2% +* $20k car loan interest rate 5.9% + +* No credit card debt. + +**This next section is pretty dry and it details my student loan situation so skip through if you are bored already:** +I have about $120k in private loans that have a relatively low interest rate around 3.4%. Not much flexability there. I have about $370k in federal student loans. All of which I am paying under the Income Based Repayment program. Basically I submit my gross income every year and they calculate how much I pay. Last year I was paying about $800 a month, this year it will be about $1200 a month. After 20 years under this program the remainder of the balance will be forgiven and that remainder I will have to pay taxes on (which could be $50k in taxes? who knows). + +There is an alternative where I could enter the "Pay As You Earn Plan" which lowers the monthly payment and drops the forgiveness date to 15 years, but stay with me, I have to pay off about $20k in one certain loan before I could apply for that program if I want to. + +**Ok you can start reading again** +My income is very tough to gauge, I get paid completely on production (almost like sales), last year was around $120k gross, I should be around $160-180k this year. In theory my income should continue to increase, but again tough to really tell. + +I do rent out a room in my condo for around $1100 a month, so I get an extra $13200 a year from that. + +Right now I am paying about $5k a month for all of my student loans and mortgage and miscellaneous bills. + +I have about $20k in the bank (some of which inevitably will be paid towards taxes). I have no other investments. + +So... if you're in my shoes, how would you handle this situation? Should I continue to take advantage of the income driven options for the majority of my student loans and take my chances on a big tax bill in 15-20 years? Or should I try to attempt to pay them off and have the next 5-10 years of my life suck? + + +GRAPEVINE, Texas--(BUSINESS WIRE)--Mar. 17, 2022-- GameStop Corp. (NYSE: GME) (ā€œGameStopā€ or the ā€œCompanyā€) today released financial results for the fourth quarter and fiscal year ended January 29, 2022. The Companyā€™s condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Companyā€™s Form 10-K and supplemental information can be found at [http://investor.GameStop.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestor.GameStop.com&esheet=52602546&newsitemid=20220317005428&lan=en-US&anchor=http%3A%2F%2Finvestor.GameStop.com&index=1&md5=3e7a0acd0c3ab2b46e1704b0f3f923bf). The Company also announced it intends to launch its marketplace for non-fungible tokens (ā€œNFTsā€) by the end of the second quarter of fiscal year 2022. + +**FOURTH QUARTER OVERVIEW** + +* Generated net sales of $2.254 billion for the quarter, compared to $2.122 billion in the fourth quarter of 2020 and $2.194 billion in the fourth quarter of 2019. +* Established new and expanded brand relationships, including with PC gaming companies such as Alienware, Corsair and Lenovo, that contributed to sales growth in the quarter. +* Grew PowerUp Rewards Pro members by 32% on a year-over-year basis, taking total membership to approximately 5.8 million. +* Entered into a partnership with Immutable X that is intended to support the development of GameStopā€™s NFT marketplace and provide the Company with up to $150 million in IMX tokens upon achievement of certain milestones. +* Launched a redesigned app, which includes an enhanced user interface, improved scalability for a larger product catalog and more functionality to support exclusive offers and promotions. +* Hired dozens of additional individuals with experience in areas such as blockchain gaming, ecommerce and technology, product refurbishment and operations. + +**FULL YEAR OVERVIEW** + +* Generated net sales of $6.011 billion for the fiscal year, compared to $5.090 billion for fiscal year 2020. +* Expanded the product catalog to include a broader set of consumer electronics, PC gaming equipment and refurbished hardware. +* Made significant and long-term investments in the Companyā€™s fulfillment network, systems and teams. +* Established new offices in Seattle, Washington and Boston, Massachusetts, which are technology hubs with established talent markets. +* Raised more than $1.67 billion in capital and eliminated all of the Companyā€™s long-term debt, other than a $44.6 million low-interest, unsecured term loan associated with the French governmentā€™s response to COVID-19. +* Ended the fiscal year with $1.271 billion in cash and cash equivalents and $915 million in inventory, compared to $635 million in cash and $602.5 million in inventory at the end of fiscal year 2020. Increased investments in inventory reflect the Companyā€™s focus on meeting heightened demand and mitigating supply chain headwinds. + + As of January 29, 2022, 8.9 million shares of our Class A common stock were directly registered with our transfer agent, ComputerShare + +[https://investor.gamestop.com/static-files/71e30d98-2102-4bdd-b0b8-eb151e09f803](https://investor.gamestop.com/static-files/71e30d98-2102-4bdd-b0b8-eb151e09f803) +I have a great job in my field (genetic counselling) after 7 years of college. American citizen living in the UK. Am coming up to 6 months working and feel like I'm seriously treading water and can't see an end. My financial quality of life is worse than when I was a student and I can't see out. + +Loan summary (all federal student loans, mix of under and post-grad): + +* 1-01, 7,774.11 @ 6.55% + +* 1-02, 4,484.22 @ 5.75% + +* 1-03, 4,473.78 @ 4.25% + +* 1-04, 8,186.10 @ 6.55% + +* 1-05, 1,606.08 @ 6.55% + +* 1-06, PAID (was originally 2,000 at 6.8%) + +* 1-07, 8,982.05 @ 6.55% + +* 1-08, 22,913.78 @ 5.16% + +* 1-09, 20,747.37 @6.16% + +* 1-10, 22,014.42 @ 5.96% + +* 1-11, 24,309.36 @ 6.96% + +My minimum monthly payment is $846.73. Last month I paid $1054.80. I had tried the avalanche method for about two months, but it made me so anxious that I started the snowball method. I have only been in proper repayment two months, and have been making payments before my loans were due for about 7 months total. + + +I just looked at my "payment summary," and only $22.15 of the minimum $846.73 went to the principal. It makes me feel like the biggest turd in the world and I have no idea how it can possibly get better. + + +I'm on a mix of standard and graduated repayment plans. In 2020ish I'm going to be paying $2400 a month, which seems impossible. + + +Monthly income after tax: $2700 ($300 goes to employer matched pension plan) + +Monthly expenses: + +* Student loans: $1000 (roughly) + +* Rent: $750 including bills/utilities (I live in London, UK) + +* Cell phone: $36 + +* Emergency Savings: $200 (Have just over $1000) + +* Transport: $75ish (I spend $20 on a "cycle to work" scheme, the rest is going in and out of the city, buses on rainy days) + +* Food and socializing: $300 (make own lunch at work, don't buy coffee, etc) + +* Long distance relationship: $150 (London to Cork flights monthly-- non-negotiable) + +* Healthcare $0 (woo, National Health Service) + + +Some months I'll also have to pay for travel to conferences, which take months to be returned. + + + +Any advice is hugely appreciated. I feel like a fart. + + + +EDIT: Thank you everyone for sharing your experiences and your kind words. I feel more heartened and less farty. The only thing I will say is that a job can be great for a lot of reasons besides money. Thanks all. +I worked there long enough to vest a little over 1/4 of my stock. My feelings about working there are irrelevant (but worth talking about in a different sub)ā€” what do you guys think? I don't really have any business sense. Is this company worth throwing my money at and try to profit off them, or does anyone with experience in this field (media, content farms, the future of entertainment?) see that place as a big mistake? +Gamma is a measure of risk for options, and reflects the rate of change in delta for a $1 change in the underlying asset price. In other words, gamma represents what happens to delta as the underlying asset moves. Because it represents the change in delta as the underlying price changes, Gamma can be used to determine the magnitude of movement in an options price for a corresponding movement in the underlying. Gamma is an essential part of derivatives pricing, and is very useful when it comes to more complicated strategies of risk management. + +Gamma is always positive for long options and negative for short options. This means all owners of options have positive gamma, regardless of being long or short the underlying asset. This also means that long option buyers benefit the most from gamma, as for every $1 movement in favor of the position, like a $1 increase for calls or a $1 decrease for puts, the opportunity for profit increases. This is because as gamma increases, so does delta, and meaning the profit per dollar increases as well. Furthermore, if the underlying asset moves against a position, like decreasing in price for calls or increasing in price for puts, gamma causes delta to decrease, causing lesser losses. + +Additionally, like theta and delta, gamma varies based on an options strike price and expiration. Gamma increases as an option approaches expiration, and decreases as an option becomes deeper in or out the money. The closer the strike price is to the underlying asset price, the higher the gamma, meaning at the money options have the highest gamma. Gamma is highest when the option is at the money, and decreases as the asset price moves away from the strike price. + +**How is Gamma used?** + +Gammas mainly used to analyze delta, as it shows how delta will change with different movements in the underlying asset price. This, in turn, allows for risk mitigation, as an options price can be analyzed for a variety of different situations. + +In other words, by looking at gamma, you can tell how much delta will change when the underlying assetā€™s price changes, which allows for a rough estimate of an options price for different movements in the underlying. + +Additionally, gamma can be used in more advanced methods of portfolio management. When delta hedging, gamma must be taken into account due to its impact on delta. As a quick reminder, delta hedging is a technique that minimizes delta so underlying price movement has little effect on a position. Delta neutral positions utilize this concept of delta hedging. Delta neutral positions have a delta close to 0 so underlying asset movement causes little change in the positions. This requires a neutral or near 0 gamma, which ensures the delta hedge remains effective even with more drastic price movement in the underlying asset. + +**An example with Gamma** + +Let's look at an example of gamma and its relation to delta. If a call option has a delta of 0.25, and a gamma of 0.05, a $1 change in the underlying asset price will result in delta changing by 0.05 (which is the gamma value). As always, this is assuming no other factors change. If the underlying assetā€™s price increased by $1, the delta would go up to 0.30. Similarly, if the underlying asset price decreased by $1, the delta would go down to 0.20. As we discussed before, gamma is always a positive value. This can be confusing when it comes to options like long puts, so let's look at another example. If a long put has a delta of -0.25 and a gamma of 0.05, then a $1 increase in underlying asset would cause the delta to go to -0.20, while a $1 decrease in underlying asset price would result in delta going to -0.3. + +**The math behind Gamma** + +We know delta to be the first derivative of the option value V with respect to the underlying asset price S. + +Additionally, we know that gamma represents the rate of change of delta with respect to changes in the underlying asset price. This means that gamma is the second derivative of the option value with respect to the underlying asset, and the first derivative of delta with respect to the underlying asset price. + +**Wider applications of Gamma** + +Gamma helps represent the concept of convexity, which states that as the price of an underlying asset changes, the price of a derivative (like an option), does not change linearly. Instead, its change depends on the second derivative. + +In mathematical terms, convexity represents the second derivative of the output price with respect to an input price, as does gamma in regard to derivative pricing. Convexity is most commonly used in reference to bond pricing and bond yields. + +Convexity = 1 / \[bond price x (1+y)2\]Ī£ + +**Key Points:** + +* Gamma represents the relationship between underlying asset price and delta. +* Gamma varies depending on an options strike price and expiration, with at the money options and options closest to expiration having the highest gamma. +* All long options have positive gamma, and all short options have negative gamma. +* Gamma can be used to measure the magnitude of price movement for an option when the underlying asset changes, due to its relationship with delta. +It seems like the argument is that short term volatility should not have a bearing on long term (years and years) price predictions. + +Do we see these "wildly inappropriate values" in warrants or LEAPs or is it just in the 15-20 year put options sold by Berkshire (as described on [page 16 of the 2007 annual report [PDF]](http://www.berkshirehathaway.com/2007ar/2007ar.pdf)) + +[exact quote from 2010 annual report [PDF], page 21](http://www.berkshirehathaway.com/2010ar/2010ar.pdf) + +>**Both Charlie and I believe that Black-Scholes produces wildly inappropriate values when applied to long-dated options.** We set out one absurd example in these pages two years ago. More tangibly, we put our money where our mouth was by entering into our equity put contracts. By doing so, we implicitly asserted that the Black-Scholes calculations used by our counterparties or their customers were faulty. + +>We continue, nevertheless, to use that formula in presenting our financial statements. Black-Scholes is the accepted standard for option valuation ā€“ almost all leading business schools teach it ā€“ and we would be +accused of shoddy accounting if we deviated from it. Moreover, we would present our auditors with an insurmountable problem were we to do that: They have clients who are our counterparties and who use Black-Scholes values for the same contracts we hold. It would be impossible for our auditors to attest to the accuracy of both their values and ours were the two[sic] far apart. + +>Part of the appeal of Black-Scholes to auditors and regulators is that it produces a precise number. Charlie and I canā€™t supply one of those. We believe the true liability of our contracts to be far lower than that calculated by Black-Scholes, but we canā€™t come up with an exact figure ā€“ anymore than we can come up with a precise value for GEICO, BNSF, or for Berkshire Hathaway itself. Our inability to pinpoint a number doesnā€™t +bother us: We would rather be approximately right than precisely wrong. + +The "absurd example" is on [page 20 of the 2008 annual report [PDF]](http://www.berkshirehathaway.com/2008ar/2008ar.pdf) + +>So letā€™s postulate that we sell a 100- year $1 billion put option on the S&P 500 at a strike price of 903 (the indexā€™s level on 12/31/08). Using the implied volatility assumption for long-dated contracts that we do, and combining that with appropriate interest and dividend assumptions, we would find the ā€œproperā€ Black-Scholes premium for this contract to be $2.5 million. + +>To judge the rationality of that premium, we need to assess whether the S&P will be valued a century from now at less than today. Certainly the dollar will then be worth a small fraction of its present value (at only +2% inflation it will be worth roughly 14Ā¢). So that will be a factor pushing the stated value of the index higher. Far more important, however, is that one hundred years of retained earnings will hugely increase the value of most of the companies in the index. In the 20th Century, the Dow-Jones Industrial Average increased by about +175-fold, mainly because of this retained-earnings factor. + + +>Considering everything, I believe the probability of a decline in the index over a one-hundred-year period to be far less than 1%. But letā€™s use that figure and also assume that the most likely decline ā€“ should one +occur ā€“ is 50%. Under these assumptions, the mathematical expectation of loss on our contract would be $5 million ($1 billion X 1% X 50%). + +>But if we had received our theoretical premium of $2.5 million up front, we would have only had to invest it at 0.7% compounded annually to cover this loss expectancy. Everything earned above that would have been profit. Would you like to borrow money for 100 years at a 0.7% rate? +Letā€™s look at my example from a worst-case standpoint. Remember that 99% of the time we would pay nothing if my assumptions are correct. But even in the worst case among the remaining 1% of possibilities ā€“ that +is, one assuming a total loss of $1 billion ā€“ our borrowing cost would come to only 6.2%. Clearly, either my assumptions are crazy or the formula is inappropriate. + +>The ridiculous premium that Black-Scholes dictates in my extreme example is caused by the inclusion of volatility in the formula and by the fact that volatility is determined by how much stocks have moved around +in some past period of days, months or years. This metric is simply irrelevant in estimating the probabilityweighted range of values of American business 100 years from now. (Imagine, if you will, getting a quote every day on a farm from a manic-depressive neighbor and then using the volatility calculated from these changing quotes as an important ingredient in an equation that predicts a probability-weighted range of values for the farm a century from now.) + +Context: I am new to a small risk team at a money manager. In short, I have limited experience in finance and want to help build cool analytical tools and dashboards for my team and for my company. Our job is to look at all portfolios in the context of what is going on in the markets to identify trends and bring any possible risks to the attention of management. My role is a sort of junior analyst role. +My current project involves analyzing different variables like the VIX to predict excess returns. I have found myself lost in that I have gone down different paths trying to add variables to contribute to my analysis. + +To do my analysis I have been dabbling in statistical analysis in Excel via correlation, rsq, std dev functions and graphing them in various ways. I have very limited experience with Python and R, though I have wondered if it would be worth learning one of these further , as I have done a little bit of self-teaching through Coursera, Codecademy, and other free sources, but haven't developed anything on my own yet for I haven't quite known where to begin. + + +First: does anyone in finance/investment management use Python (I.e., pandas or numpy, or other library) or R for their roles, and have advice as to what would be the best way to use my time to build on my data analysis skills for finance? I'd like to learn how to cycle through numerous financial products to find correlations, predict returns, analyze scenarios between investment products. I am thinking there are other excel functions or statistical techniques that I haven't been introduced to yet. + +My goals are to: + +1.) learn useful techniques for analyzing statistical patterns in the context of finance. To this end I would welcome concepts or techniques that would be worth learning so I could incorporate them into my Analysis + +2.) learn software or programming languages which will enable me to conduct my analysis in the most efficient and powerful way. To this end I would welcome ideas for software packages, add-ins, or other tools commonly used in data/statistical analysis for finance + + +If anyone has any examples of what you do in your work, that would be amazing. +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in [r/PersonalFinance](https://www.reddit.com/r/PersonalFinance/), and career-seekers are encouraged to also visit [r/FinancialCareers](https://www.reddit.com/r/FinancialCareers/). +So Tesla has opened a Giga Factory in China with the help of minority shareholder Tencent, and China seems to be in the shithole TBH. Rueters reports 4,000+ die daily in China due to bad air quality, and ever rising middle class. Is this not the perfect storm components for Tesla to come in a swoop EV market share? + +To my knowledge NIO is defunct, and with Teslaā€™s name brand to carry it easily into the homes of middle class families in China, it seems almost like a no brainer? Furthermore, it seems like Tesla is one of the only companies Thatā€™s Tariff proof? + + +Iā€™m going to start investing when Tesla dips every now and then. Just to have somewhat of a position again. + + +What do yā€™all say? + + +Edit: I just read an article that all newly built home in the Uk will have an electric Car Charge Post installed outside of them. <- More EV Hype? +I feel in the last 100 years the amount of activities truly exclusive to the rich has been reduced quite a bit. Space is a new frontier and at $400k/trip you better make serious money to go that high. + +Anyone setting up a trip this year or next? What do you plan to do up there? +Hi everyone, + +I wanted to put out there my recent feeling that despite my relatively high income and savings rate, the grind to FI seems move quite slowly. By all accounts, we are SUPER fortunate and we take reasonable steps to save a significant chunk of our income. Somehow this high income and diligent savings just doesn't seem to be moving too fast. + +At the moment, we make a bit over 400k gross. We save around 60k pre-tax (SEP plus wife 401(K) and match) and another 75k or so post-tax. This works out to a bit over 50% of our take-home. + +We put 20% down on a 850k property a few years ago. + +Despite trying to sock away funds, it just seems that all of our accounts grow SO SLOWLY! + +Our current NW is right around $1,000,000 with assets split roughly equally between: + +*Home equity + +*Retirement + +*Taxable accounts + + +Throwaway account here. Iā€™m a 55 year old stay at home mom (hubby is 42) with kids 9, 6, 3 in a moderately high cost of living city. For the last ten years weā€™ve been living mostly off of income from assets my grandparents left to me (the amount has gradually risen over the previous two decades from about 20K/year to around 300K/year for the last five or so). I retired about the time we started having kids, so the large increase in income was helpful. My husband works in a field he loves and brings in about 40K/yr and health insurance. I could potentially go back to work in my old field, but would generate at most 50K. We have about 1M in real estate equity including our residence, and about 300K in savings. Circumstances outside my control will cause the assets to be liquidated soon, bringing me between 20-30M before (long term capital gains) taxes, and I live in a state with no income taxes. Obviously I need to educate myself, so Iā€™m doing a lot of reading, but all this is new to me, and Iā€™m feeling a bit overwhelmed (my husband is in the same boat). I know we arenā€™t great savers, but we have enjoyed some nice trips and like where we live. I guess Iā€™m looking for some advice to help me get to the point so many of the posters here are at, with investments under control, and a solid investment strategy. +My family has a trust with close to 7 million in it. It's managed by a mid sized bank at the cost of around ~~$50,000~~ $44,000 a year. Here's the selections posted in 3 images that ~~50K~~ around $44K investment management fees gets you. + +http://imgur.com/g8pg6pF,VtF9XNA,0NmWrGO#0 + +EDIT: Please be advised there are 3 total images posted capturing the entire portfolio. +Letā€™s break then earning period down to ten days with 6 Users scaled on engagement. 100 moons to get distributed ā€˜eachā€™ round; itā€™s really the first round but with more and more saltier people. All posts get liked by everyone to start. + +&#x200B; + +U1: 30 posts, 180 likes, 43.47 moons. + +U2: 20 posts, 120 likes, 28.98 moons. + +U3: 11 posts, 66 likes, 15.93 moons. + +U4: 5 posts, 30 likes, 7.24 moons. + +U5: 2 posts, 12 likes, 2.89 moons. + +U6: 1 post, 6 likes, 1.44 moons. + +Total likes: 414 + +Moons 100/414 = .2415 moons for each like. Calculation entered above. + +&#x200B; + +Now here are those numbers if U6 was salty and didnā€™t like any posts but his own. + +U1: 30 posts, 150 likes, 43.35 moons. + +U2: 20 posts, 100 likes, 28.90 moons. + +U3: 11 posts, 55 likes, 15.89 moons. + +U4: 5 posts, 25 likes, 7.22 moons. + +U5: 2 posts, 10 likes, 2.89 moons. + +U6: 1 post, 6 likes, 1.73 moons. + +Total likes: 346. + +Moons 100/346 = .2890 moons for each like. + +Now U6 would get about 20% more moons. + +Not bad, he thinks, being stingy, but this catches on. + +&#x200B; + +Now U2 almost fills the feed daily, so here it is if both U2 and U6 didnā€™t like any posts but their own. + +U1: 30 posts, 120 likes, 40.40 moons. + +U2: 20 posts, 100 likes, 33.67 moons. + +U3: 11 posts, 44 likes, 14.81 moons + +U4: 5 posts, 20 likes, 6.73 moons. + +U5: 2 posts, 8 likes, 2.69 moons + +U6: 1 post, 5 likes, 1.68 moons. + +Total likes: 297. + +Moons 100/297 = .3367 moons for each like. + +Now U6 is still technically up 16% from the initial round, but down \~4% on that in the second taken by U2. + +U2 was only down by 0.0028% from U6 going salty. But once he also went salty, he too is up 16%. Taking away almost 10% (a full 3moons) away from U1. + +&#x200B; + +U1 notices and retaliates by going salty ASWELL. + +U1: 30 posts, 120 likes, 46.51 moons. + +U2: 20 posts, 80 likes, 31.00 moons. + +U3: 11 posts, 33 likes, 12.79 moons + +U4: 5 posts, 15 likes, 5.81 moons. + +U5: 2 posts, 6 likes, 2.32 moons + +U6: 1 post, 4 likes, 1.55 moons. + +Total likes: 258. + +Moons 100/258 = .3875 moons for each like. + +U1 has benefited the most while every other User has suffered compared to the previous round (whale). + +&#x200B; + +Letā€™s end it with everyone salty. + +U1: 30 posts, 30 likes, 43.47 moons. + +U2: 20 posts, 20 likes, 28.98 moons. + +U3: 11 posts, 11 likes, 15.93 moons. + +U4: 5 posts, 5 likes, 7.24 moons. + +U5: 2 posts, 2 likes, 2.89 moons. + +U6: 1 post, 1 likes, 1.44 moons. + +Total likes: 69 (nice). + +Moons 100/69 = 1.44 moons for each like. **Same as the start!** + +&#x200B; + +Somewhere we all find ourselves in the middle between the first round and this last round. **I donā€™t think it net pays to be salty**, even if you are a whale, because distributing likes is like planting apple seeds in a field you may never return to. If you ever do return, itā€™s more likely to be fruit there for you, or people living near the trees who welcome you back. +I was looking at old DFV tweets and came across [this post](https://twitter.com/TheRoaringKitty/status/1341024905425547266?s=20) about his attorney + +https://preview.redd.it/fdnpl4253hs71.jpg?width=599&format=pjpg&auto=webp&s=59b096caafc2d41046dd4534ecbe79449a266a6c + + + +**About Ryan Nebel**: Ryan represents and provides strategic guidance to hedge funds and other investors in matters concerning shareholder activism, proxy contests, mergers and acquisitions, corporate governance and other related matters. **Ryan has experience advising shareholder clients regarding Schedule 13D investments in public companies and activist strategies, including proxy contests, withhold campaigns, consent solicitations, settlement negotiations and hostile takeovers.** + +Ryan has been named as a "Recommended Lawyer" and a ā€œKey Lawyerā€ in The Legal 500 United States guide for M&A/Corporate and Commercial: Shareholder Activism - advice to shareholders. He has also been named as an ā€œUp and Comingā€ lawyer by Chambers USA and a New York ā€œRising Starā€ by Super Lawyers.Ā  + +Ryan received his J.D. from the University of Oregon School of Law, first in his class and Order of the Coif, and his B.S., magna cum laude, from the University of Louisville. He is admitted to practice in New York. - [https://www.olshanlaw.com/attorneys-Ryan-Nebel.html](https://www.olshanlaw.com/attorneys-Ryan-Nebel.html) + +As of RC Ventures latest 13d filing, he is still RC's attorney - [https://fintel.io/doc/sec-gme-gamestop-rc-ventures-llc-sc-13da-2021-january-11-18639](https://fintel.io/doc/sec-gme-gamestop-rc-ventures-llc-sc-13da-2021-january-11-18639) + +&#x200B; + +**The law firm Olshan Law:** Leveraging our experience in regulatory compliance, [corporate governance](http://www.olshanlaw.com/practices-Corporate-Governance.html) and federal and state [securities law](http://www.olshanlaw.com/practices-Securities-Law-Capital-Markets.html), we serve as general and special counsel for a large and diverse group of companies with securities listed on the New York Stock Exchange (NYSE), NYSE Amex and Nasdaq markets. Ranging from national and multinational businesses to small and middle-market issuers, our clients depend on us to help them navigate the complexities of Securities and Exchange Commission (SEC) reporting requirements, corporate governance guidelines, general disclosure compliance and other related matters. - [https://www.olshanlaw.com/practices-Corporate-Securities-Law.html](https://www.olshanlaw.com/practices-Corporate-Securities-Law.html) + +&#x200B; + +I just thought all of this was interesting and I don't think I've seen anything about it, but RC has a good ass legal team. I think we are in good hands. What do you all think? +I am FI, but my long term boyfriend is not. He works in construction, but I dont *have* to work at all (though I have had a few jobs in the 4 years we have been together, they are usually seasonal and just for extra spending cash.) + +We just moved in together, and recently have gotton into a few arguments over this inequality. We split rent and utilites, and take turns buying groceries, so I am covering all my costs, but he feels like he is working harder because he has to get up and go to work every day. + +Because he does have to be out working daily but I am home, I typically get stuck cleaning and cooking. Which is fine, I'm the one here all day so a lot of it is my mess. But he is getting very entitled about food and chores. He basically expects me to make his work lunches, and have dinner on the table ready for him when he gets home, and do laundry and dishes. I like to sleep in so he is already upset that I dont get up and make him eggs before work every morning. Im no hardcore feminist, but its bothering me that he expects me to be his little housewife. I feel like he should have to contribute to chores even though he has to work. (r/AITA ?) + +I dont know if this is the right place to post this (maybe r/feminism ?), but does anyone have any advice? I have explained it to him a few times, but there is still some bad energy every time food comes up. Esp. when food isnt ready when he gets off work. + +edit: wow this got a LOT more feedback than I anticipated. Thank you to those of you who offered helpful feedback. We have talked, and both agree that we have room for improvement. We love each other, I will not be dumping him, I am still making him food, and he has been helping with chores much more since our spat. He even took me on a dinner date to thank me for all the dinners and lunches I have been cooking. And brought flowers. As I said, I am home more, and it is reasonable that I do more housework. I just dont want to be stuck with it *all*. To be clear, he is a great man and the food thing is really the only fight we have had since moving in together. I was feeling unappreciated the other day, but thanks to some really helpful suggestions (like meal prep, having snacks ready when he comes home, cooking together, dividing specific chores, straight up just venting our feelings) we both understand where the other is coming from a little bit better. +Starting to see this more and more on Reddit - there is even an /r/overemployed subreddit! + +There is a website - https://overemployed.com/ , and I am starting to see this being discussed more and more. + +With WFH being the new norm, I've taken on a few smaller contracts - in addition to whatever full time contract I'm on. A good few people in my network are doing the same. + +Financially, this has been incredible. + +Just wondered if anyone else has been doing anything similar in Australia? +After reading through a recent thread on here, I noticed that it seems like most people donā€™t like their job/wouldnā€™t recommend it. +Iā€™m curious to hear from people who love their job (or at least ā€œlikeā€ it.) +I have rather large realized capital losses this year. Instead of writing off $3,000 in losses every year for the next 10ish years, what if I just sold some of my long term holdings that have 10x'd over the past decade? That way I could "cash out" and take the profit on those without paying long-term capital gains taxes on them. Then possibly a month from now, enter into them again (or not). + +I also realize that if my income is less than \~$40K a year, I'd pay 0% capital gains taxes on the sale of long term stocks, and while my income is below that this year and next year, it'll likely be higher than that in 2024. +I was just notified by ML before the weekend and will talk to the company and my former advisor soon. But this seems abnormal and makes me want to pull up stakes and go to another source. + +Wondering if anyone else here has seen this or has some experienced insight. What questions should I ask? + +EDIT/UPDATE: +The situation appears to be as many of you have said, competition and the group leaving to get a better situation for their business. A fairly ordinary thing. From this understanding I can evaluate options. Thanks everyone, so many of your comments helped me ask good questions in the conversations I've had so far. +Hello everyone, first post here so forgive me if I'm doing something wrong. I'll try to be as brief as possible. + +Current situation: + +I currently have a car that's worth about $22000 as a trade in and plan to buy a car in late 2023 (it's not available until then) + +The Plan: + +I'm thinking about purchasing a new EV now that will cost $41,205 (incl. tax, title, fees). I'd buy it by trading in my car ($22,000). With a $750 instant California EV rebate the outstanding amount is $18,455. + +A 36 month loan at 3.5% adds up to $19,467 in total payments. + +In addition however, the Federal and California EV tax rebates total $9,500. + +Estimating that the new car's value when I trade it in for the late 2023 car will be about $33,500 (I know that's a possible fault here but it's the best estimate I have), it would seem that I've made money from this? + +That's even if my current car doesn't lose any value over the next 20 months. + +Scenario A, don't buy new EV - **$22,000** trade in at end of 2023 + +Scenario B, Buy EV and trade in - $33,500 trade in at end of 2023 - $18,455 loan payments + $9,500 rebates = **$24,545**. + +There's a chance the new EV depreciates more in the first year, but the old car would depreciate more also (quite a bit if the used car bubble pops before then). + + +So, what do you all think? Is there something I'm missing? +I was looking into an investment and stumbled across Prince's estate court case (probate?). The guy died in 2016 and correct me if I'm wrong, but very little has been distributed it seems. One of the heirs sold off 1/6 of their rights early on, but aside from that, the rest seem to be waiting. + +If they were paid off, there's still $100mil left in there plus what ever publishing rights come in the future. + +So....get some good estate plans people or the lawyers / accountants are going to be living off of your estate + +Here's the docs if anyone else wants to do some sleuthing. Older records can't be pulled up so I can't see the old accounting. This is all through Minnesota Courts and is in the public domain. + +First doc is a link to the remainder estate. + +[https://www.mncourts.gov/mncourtsgov/media/High-Profile-Cases/10-PR-16-46/10PR1646\_AnnualAccounting\_6-16-2022.pdf](https://www.mncourts.gov/mncourtsgov/media/High-Profile-Cases/10-PR-16-46/10PR1646_AnnualAccounting_6-16-2022.pdf) + +&#x200B; + +Second link is the court case in it's entirety. + +[https://www.mncourts.gov/inretheestateofprincerogersnelson.aspx](https://www.mncourts.gov/inretheestateofprincerogersnelson.aspx) +I hold a few renewable companies and I am scratching my head over AQN as it seems to be staying pretty flat while the others have been ripping up pretty good lately. It confuses me because AQN seems like the best of them, they are also in the top 10 global most sustainable companies so why don't they get any love? Is it because they aren't seen as a renewable pure play because they have some RNG assets? +I want to dedicate a significant chunk of my portfolio to ENB because I believe the company is strong and the stock will eventually rebound. + +However, the news about the Line 3 lawsuit has me worried that the recovery will be a lot slower than analysts have targeted. This makes me nervous that it could sink well past this year's low. + +Any ENB.TO investors here? Thoughts on recovery? +Specifically within the context of Canadian Insurance operations and not the shit show that is the USA at the moment; so for the purposes of discussion (and considering our border is current closed...) forget about US exposure and/or US operations. + +I could see a sharp decrease in auto claims as people are driving less. I imagine commercial would also see a decrease in claims with more people working at home; conversely perhaps an increase in home claims. + +Life will probably take the biggest hit depending on the overall Canadian death rate, but I'm also wondering how many Canadians are now also interested in starting a Life Insurance policy due to COVID-19? I don't have a Life policy personally, but COVID-19 has really provided me pause to reconsider this. I doubt this is the last Global Pandemic we will experience in our lifetime. Travel is a bit of a shit show at the moment, but I believe most travel policies have provisions regarding countries with a Level 3/4 travel advisory. + +* Thoughts on short-term or long-term predictions for the Canadian Insurance industry itself? +* Has COVID-19 impacted any of your insurance policies? +* Are you interested in starting or cancelling any new or existing insurance coverage? +Disclaimer : I already own a good chunk of it, and i'm considering getting more. + +Last quarter they reported sizeable positive EBITDA and **actual profits** of 29 millions, while literally every other aviation company are losing money by the buckets. Somehow this seems like it's not quite common knowledge as all aviation articles mentions that everyone loses money. + +So my thinking is : CHR is a leasing company. Basically third party airlines sign contracts to get the planes, and whether they use it or not they need to pay CHR anyway. It's said that because the planes are grounded, the airlines are losing money. Losing money to who or what? CHR i would say, it's like they are the grim reaper of airlines, because they are collecting money regardless. From what i read a lot of the airlines that are in difficulty had their payment deferred in 3-12 months. (0-9 months now). So even with revenue down, the money will come in later. People were scared that the money would not come in if these airlines in difficulties were to go under, but now if they get gobbled up by the CAN gov, the money will be coming in no matter what? And since CHR itself is not in danger of going under it seems very unlikely to get bought up at a discount by the gov, in my opinion. + +Quarter results are gonna be coming on the 11 November 2020. I would bet all my stuff on the fact that they are still gonna be in the green because of the deferred payment coming in... maybe even more green than last quarter. I'm thinking this will pay out a lot faster than getting AC would. Also it is a PE of 5.10! Which looks pretty good by itself. + +Anybody please convince me that it is a bad idea to go balls deep in CHR before tomorrow market +For reference: + +\- most of my holdings is XGRO + +\- medium amount of cannabis companies + +\- medium amount of BCE + + +\- small amount of tech companies (NVDA, AMD, FB) + +\- small amount of WN/L + +I got a tonne of cash (leftover from downpayment savings), that I am just slowly putting into XGRO weekly. I want to be more exposed to tech and pharma. What ETFs and stocks would you recommend and why? Thank you +I know that people talk about investing in industrials, infrastructure, utilities, etc. But I am curious: what are the specific stocks and ETFs that you would invest in now if you knew for sure that 2022 would have slow growth or even a crash. +Hey all, I'm looking to transfer my RRSP from my Sunlife account to either WS Trade or Questrade (still undecided). My gains are below market and the mutual fund fees are roughly 2.5% which I want to lower because that's too high considering the ETFs available (XEQT ftw). I was wondering if anyone else has transferred from Sunlife or a place like that and how did it go? I'm assuming once I transfer funds, I'll need to close the account to stop my weekly contributions. + +Any tips and advice is very welcomed! Thank you. +I don't personally know much about this stuff. I used to do Bitcoin mining but I recently stopped and well, I'm still looking to make other passive income. Is this the right place to do so? If so, where do I begin, what do I do to start? I'm looking for guidance. +Hey everyone, I did a lot of research and I truly believe that WAVE network is the easiest way to make money right now. + +-- + +**First bet: MRT (250x return?)** + +- Link: https://coinmarketcap.com/currencies/miners-reward-token/ +- Current price: $0.469281 USD ($4M CAP) +- Expected price: $117.32025 USD ($1B CAP) + +For those who do not know this coin is part of the WAVE network (Read about it at https://wavesplatform.com). It's an EXTREMELY promising network with built-in market so you don't need to register on a sketchy network. + +On WAVE network you can invest your money for 5% yearly return + a certain amount of MRT. Since people will wonder what they can do with MRT when they get it this will instantly be the most popular exchange. People WILL get MRT and they WILL need to sell it for $$$. + +This will be the most frequently traded coin on WAVES network. As everyone will have some automatically. At the moment if you have 10,000 WAVES ($126,800.00 USD) you will only get 7000 MRT ($2,800) but also 5% WAVE ($6,340) each year. People will want MRT to be valued much higher especially once WAVE goes up even more. THIS IS TOO UNDERVALUED. + +AS WAVE PRICE INCREASES LESS MRT IS GENERATED AND MRT PRICE WILL GO UP relative to WAVE. + +**Here is the logic from official website (https://wavesplatform.com/leasing) ** 10000 WAVES invested = 8 WAVES + 7008 MRT = 221 WAVES. MRT is harder and harder to mine and as price increases people buy less and less wave and generate less MRT. + +We can safely assume: + +- At WAVE $1B CAP (Right now) 7008 MRT = $126,000 invested for 1 year +- At WAVE $10B CAP (This year?) 7008 MRT = $1,260,000 invested for 1 year +- At WAVE $100B CAP (Future) 7008 MRT = $12,600,000 invested for 1 year + +-- + +**Second bet: EOT (50x return?)** + +- Link: https://coinmarketcap.com/currencies/eot-token/ +- Current price: $0.066653 ($1M CAP) +- Expected price: $3.00 ($50M CAP) + +This coin was already valued at $3.54 USD earlier this year. It is now 0.068 USD: https://coinmarketcap.com/currencies/eot-token/ + +With market cap of only 1M this can easily net you 100x. **This coin was ALREADY $3.54 earlier LAST year (50x higher than it is now)** and with the influx of WAVE purchases people are starting to trade it again. This was the go-to coin for WAVE traders. + +The only reason this coin is low is because WAVE slowed down but is now up over over 60 TIMES since the slow down. This is my most ambitious bet. + +-- + +Right now (01/07/2018) almost all exchange platforms are shut down for registration. There is a flood gate of people waiting to get in and drop millions into various coins. I expect WAVE to be $100B market cap as it is THE currency of the whole wave network. + +The whole currency is only valued at $1B right now and can easily catch up to ETH which is $100B at the time of writing this. Even if you only put in $100 the return potential here is huge. Let me know what you guys think. + +-- + +*FAQs* + +-- + +**Why is it so low right now?** + +There is a backlog of people waiting to get into the market. It's extremely hard to get your money into WAVE right now but market cap is growing rapidly (50x since last year). + +-- + +**Can I store these in myetheriumwallet?** + +No. These are built on the WAVE network which is a new network (like when ETH came out). Read about it here: https://wavesplatform.com. You can get a paper wallet too if you want. + +-- + +**ETH Market cap is $100B and WAVE is only $1B. Why bother?** + +WAVE market cap increased 50X last year. It can increase another 50X with all the new investors. + +-- + +**Which exchanges do you recommend?** + +- **TRADING/SELLING WAVE:** Official waves platform (Web client): https://wavesplatform.com/ +- **BUYING/TRADING WAVE**: Please research into options yourself: https://coinmarketcap.com/currencies/waves/#markets I don't want to recommend something that could be potentially down in the future. + +-- + +**TLDR:** + +- MRT (250x) because everyone will have some automatically. +- EOT (50x) because it was already $3 last year and WAVE is 50x market cap from last year. People will want to trade between WAVE markets. Not WAVE->ETH/BTC/DOGE. +- WAVE (100x): Wave is like BTC and ETH where it is the core currency to the whole network. This network 50x since last year and can easily go up 100x more. + +[Screenshot of chat with representative of eToro](https://imgur.com/qpLrFiW) + +As a europoor, when this all started eToro seemed to me the easiest and fastest option (then diagnosed acute FOMO). Am in the process rn of "transferring" (selling on eToro, buying on Interactive Brokers) to DRS my shit. If you haven't begun, you really should! See how in the links below: + + +I can not recommend u/warfielf 's posts enough! + +https://www.reddit.com/r/Superstonk/comments/thunxg/get_out_of_etoro_etoro_transferwise_paypal_ibkr/ + +https://www.reddit.com/r/Superstonk/comments/ssgrps/how_to_buy_and_drs_from_etoro_to_ibkr_in_less/ + +All the best to you Apes! +I don't know where else to post this, but I feel like you guys will get it. + +Today, a coworker came to work with the flu. That's a rant for another day, but anyway, I keep my office door shut and when he came to speak to me I asked that he stay at the door. He asked why and I said jokingly "I don't want your cooties". He laughed, I laughed, I Lysol-ed the doorknob after he left. + +Apparently someone told him that I was spraying things down, and at the end of the day he made a snarky comment and called me Ms. Lysol. The conversation went something like: + +Him: "Uh oh! Coming up front with the sick guy! Where's your mask Ms. Lysol?" + +Me: "You can call me whatever you want, but it's perfectly reasonable that I don't want to get sick." + +Him: "I caught it early and went and got a shot it's not that big of a deal" + +Me: "Great that you were able to do that. I don't have health insurance, so even if I catch it early, going to the doctor means I don't get to afford the luxury of groceries for the next two weeks. To me that's kind of a big deal." + +He shut up quickly, then tried to recover by saying "well if you get sick I'll pay for your doctor's visit, how about that?" as if that somehow made him coming to work with THE FUCKING FLU any better. I work for a company that gives sick days, which is what makes me 10 times more mad about this. + +Ugh, I hate being poor. And I hate living in fear of getting sick or falling down some stairs or some other stupid shit. + +Rant over. Thanks for listening. +Even though I pay health insurance every month it still costs me $100 just for a consult with my doctor. Iā€™ve been having some stomach issues and had a dream that I met with a doctor and he gave me some tips. Iā€™m gonna try what he said in the dream and hope it works out. +Title says it all. I remember reading some other posts and DD about a possible crypto pump before the MOASS takes off. Something smells fishy... + +&#x200B; + +EDIT: DOGE IS CLEARLY A DISTRACTION. Some people seem salty that there's a post even mentioning doge, but seems to me its important to get the word out about possible HF tactics. Clearly this is one of them as other people have mentioned this happened in January as well. +I'm on the journey to beating the PDT rule (started with 4k) and we've had some hella progress this last month! + +Img -> [https://imgur.com/gallery/5jZvM76](https://imgur.com/gallery/5jZvM76) + + +*I only trade SPY options.* You can see my scalps as the stair step on the robinhood graph and ratio diagonal spreads as the other movements. I trade with a pretty high risk tolerance which I know is not great for the longterm, but I've been able to manage the account up to this point. + + +Any advice is appreciated! +These events are just unfolding as I write this, however, this is extremely important for the stock market tomorrow. + +https://preview.redd.it/70iwvt4wu3q91.png?width=1440&format=png&auto=webp&s=e027537e12dc9992a60f93d15d1ea1ba3b5e659b + +The British Pound just collapsed to all-time lows, there were massive liquidations and stop losses wiped out. Many other currencies are following and the forex markets are going crazy right now. + +&#x200B; + +https://preview.redd.it/skmbqpe7v3q91.png?width=1437&format=png&auto=webp&s=b1db9b9ab85b9039a7a4d8f89f9e64ce63b1a539 + +Futures are already moving significantly lower from these swings in other markets. + +There are also huge movements in commodity prices, something to note. + +&#x200B; + +**MONDAY IS GOING TO BE SUPER IMPORTANT** + +**MANY FUNDS WILL BE TRYING TO CLOSE POSITIONS AND HEDGE TO LOWER THEIR EXPOSURE.** + +I do not know what is going to happen, basically, nobody does right now which is why this is so scary, be prepared for the market opening... this is going to get crazy, just wanted to warn everyone. +Iā€™m guessing thereā€™s nothing I can do but just to double check. + +Iā€™m already a homeowner for the last 15 years and incorrectly assumed LISAā€™s were just for people who hadnā€™t bought yet. + +While Iā€™m kicking myself I didnā€™t open one, is my maths correct in saying paying into a SIPP is no different anyway if youā€™re already a homeowner? + +Lisa gives a 25% bonus (up to 1k) per year but from post tax earnings. SIPP is from pre tax earnings and therefore you get a 25% tax relief (or 40% if youā€™re a higher rate payer). This has limit of 40k per year so much higher a benefit. + +Lisa also is accessible from 60, while SIPP is currently 55 (rising to 58 in a few years). + +As such, while the headline figure of Ā£1000 bonus per year sounds great, youā€™re actually better off putting all funds for retirement into a SIPP. + +Am I missing something? +Pretty self explanatory, Iā€™m trying to better myself as much as I can. And wanna get ahead of the game :) from what Iā€™ve seen this subreddit is filled with role models. So please let me know your $0.02! + +A common one to get everyone started: +Iā€™m always told to get a credit card ASAP and build that credit! +I made an alternative account for safety reasons. I've been with my (now ex) boyfriend for four years. We have a two year old and I am currently seven months pregnant. We live(d) together and I had to stop working my part time job because of preeclampsia. He's always been sort of an asshole to me but a few nights ago it escalated and he choked me in front of our two year old. Then he acted like it never happened and like I was making "mountains out of molehills". Yesterday I packed what little I have while he was at work and just drove off. I slept in the car in a Walmart parking lot with the baby and will probably do it again tonight. I have no money. No living family. No friends. I'm lost. I don't know what to do next or where to go from here. I will do whatever it takes to protect my daughter and my unborn child. I desperately need advice. I am almost out of gas. What should I do? I have nowhere to go and no money. Please help. Are there any resources that could help me? I'm in southern California. +[VIC live auction - Mount Waverley](https://youtu.be/9Hx7zHYZLM8) + +[video from auction reporters] Not actually highlighting the live auction itself, but rather the bloke/buyer making a statement about the quoted price VS reserve - skip to 3:00-4:00 + +Despite i know thats not how the market works CURRENTLY, its no surprise many of us feel the frustration in the number of underquoted listings and how difficult/cumbersome the process is to report it + +Do you think there needs to be a change in regulations? Real estate pricing laws? If so, what? + +Do you think reporting underquoting should be an easier process? + +Or conversely do you think theres really not much we can do about it given how ā€œhotā€ the market is currently? + +Like to know your thoughts. +25f full time WFH in the tech industry. I am aiming to be on 80k per year and am on 75k currently. Iā€™ve only been in this role 6 months but the scope of my responsibilities is quite large / multi faceted. + +Is it ā€œrudeā€ to ask for a pay rise when I have my next review? I know other tech companies are paying a lot more for similar roles. +**Pretty much done, folks, although I'll check back occasionally. Thanks again for the interest. We hope to see your "I made it!" posts appearing in this sub very soon.** + + +First off, thanks for the interest. My wife and I are passionate about FI/ER and hope somebody will find this AMA helpful. Although our approach is conventional, the conventions exist because they flat-out *work.* + +I apologize for the wall of text, here, but for a while now I've been meaning to write down the specifics of our FI/ER plan as a review exercise. It might be presumptuous of me, but this AMA seems like a good excuse to do it. So hereā€™s our take on seven of the major elements in our plan: mindset, debt management, mortgages, investing, landlording, LBYM, and what to do after making it. Take what you find useful; disregard the rest. I realize some of itā€™s redundant to what the group already knows. And again, apologies for the length. + +**Our background** + +We FI/ER'd 9.5 years ago, at 36, after 12.5-year corporate careers, on ~$1.2 million in investments plus the value of our house, cars, and daughterā€™s 529 ($40K at the time.) Our current net assets are ~$2.2 million, including house, cars, and 529 (now ~$61K.) [Verification of investments from our Morgan Stanley account.](http://imgur.com/roL7JeD) Weā€™ve withdrawn ~$500K since ER. + +Edit: I've said elsewhere in this sub that I dislike 529s because in our experience they're substandard investments both for their returns and the lack of control over your money they give you. But /u/bpg609 has done some good work on my head on this subject, and I'd like to say that after studying market-wide returns and the proliferation of better vehicle options since I first opened my daughter's 529, I'VE BEEN WRONG about this. 529's are better than I thought. Mistake made; thinking adjusted. + +We live on $48K a year, own our house outright, don't incur federal income tax liability, and don't owe social security. $48K started at ~4% of our portfolio and is now ~2.7%; roughly the same as an $80K salary, skimmed 20% for taxes, and decreased by a $1.5K/month mortgage payment. ~40% of that $48K comes from dividends/interest. We've haven't adjusted that $48K for inflation since we ER'd. Haven't felt the need to. + +We're NOT debt-free just now, but I'd argue that what we're doing is more like a temporary liquidity swap. Explanation to follow. + +Getting here was hard but we got some lucky breaks. That luck wasn't exclusive to us, though. Others can engineer it. + +First, we were lucky to live in a major city with a high cost of living where we earned salaries that were good compared to cheaper places but more like middle-class in ours. At the peak of our income mine was $150K-ish with a decent bonus; my wife's was $65K. We also bought, rented, and condo-converted a three-apartment building. + +Second, we were lucky to learn frugality early on. My grandparents as kids damn near starved to death in the Great Depression. They knew how to get by on nothing and they handed that knowledge down. + +Frugality enabled us to bank a bunch of our income. And when we'd we'd made the nut, we split for a cheaper region. The appreciation on the real estate we sold in Metropolis paid entirely for the house we bought in Podunk. Geographic arbitrage is a beautiful thing. + +And third, I think we were INCREDIBLY lucky to be conceiving our FI/ER plans in the mid-nineties just as laptops and spreadsheets were becoming widespread and FI/ER methodology was proliferating across the internet. That made it easier for us to learn strategies and tactics, collect data, come up with plans, test them, adjust them, and build contingencies around them. Otherwise we'd have been dancing in the dark. People just now entering this lifestyle may not realize what a colossal advantage technology has given them. + +Unfortunately I have to split this into several pieces to conform with Reddit's post length requirements. I linked them together into a sort of ToC. + +* [Mindset](http://www.reddit.com/r/financialindependence/comments/2sf7q4/fier_10_years_ago_at_36ama/cnovdpf) +* [Debt management](http://www.reddit.com/r/financialindependence/comments/2sf7q4/fier_10_years_ago_at_36ama/cnove2o) +* [Mortgages](http://www.reddit.com/r/financialindependence/comments/2sf7q4/fier_10_years_ago_at_36ama/cnovec7) +* [Investing](http://www.reddit.com/r/financialindependence/comments/2sf7q4/fier_10_years_ago_at_36ama/cnoveqv) +* [Landlording](http://www.reddit.com/r/financialindependence/comments/2sf7q4/fier_10_years_ago_at_36ama/cnovfb9) +* [LBYM](http://www.reddit.com/r/financialindependence/comments/2sf7q4/fier_10_years_ago_at_36ama/cnovfpl) +* [After FI/ER](http://www.reddit.com/r/financialindependence/comments/2sf7q4/fier_10_years_ago_at_36ama/cnovg48) + +Questions? Again, thanks for the interest and apologies for the wall of text. + +**TL;DR: you can FI/ER if you'll keep certain principles in mind and act on them. This is our take on what those principles are.** + +Edits: assembling that ToC. + +Edit Edit: am I the only one here who swears? Sorry, I'll try to tone it down. +Hi! + +Me and my fiance put an offer in on a house at 170,000, got accepted, got a mortgage in principal, and bought a RICS homebuyer's survey via the mortgage company (TSB via L&C). + +The survey highlighted a whole load of problems, every item was red or amber with the most serious problems being: + +* signs of structural movement - needed a further structural survey to know for sure +* one of the chimney stacks in immediate danger of collapsing +* one of the walls bulging outwards +* roof maybe being in need of replacement - may be letting water in to interior timbers +* all electrics and gas needing redoing to be safe +* some plants that might be knotweed - need horticultural survey + +There were loads of other smaller problems too. The survey valued the property at 0, depending on the result of a full structural survey and a horticultural survey. It's an old house so we expected some issues of course, but I think the cost of repair for all these issues would be way out of our budget. We can afford a deposit on the property, our legal fees, and the mortgage costs, but we don't have thousands in savings for major house repairs. I know if it's subsidence for e.g. the cost of repair can be very high. + +We are thinking we will probably walk away without doing any further surveys so as to avoid throwing good money after bad. The estate agent asked for a copy of the survey to show to the vendor but I'm not sure if I should hand it over or not? It cost me Ā£350! + +I'm not a first time buyer, but my current flat survey came back with no issues so I haven't experienced this before. + +Sorry if I'm asking an obvious question but is my instinct to run for the hills the right one? I'm concerned that even after more surveys we might not be able to lend on it anyway if the mortgage provider isn't happy. + +Thanks in advance! + +&#x200B; +His name is Joe Campbell, and he claims he went to bed Wednesday evening with some $37,000 in his trading account at E-Trade. One notable development on the pharma front later, and Campbell woke up to a debt of $106,445.56. Now, he may end up liquidating his 401(k). And his wifeā€™s. +http://www.marketwatch.com/story/help-my-short-position-got-crushed-and-now-i-owe-e-trade-10644556-2015-11-19 +I have a relative who visited a financial advisor in 2012 and had his DB pension converted into a SIPP. + +This I found to be a difficult to justify move but ontop of this the financial advisor signed him up to an actively managed fund with 2.3% fees. + +This has turned out to cost him close to Ā£40k grand in fees since 2012. The fund has done well but I still can't believe how much it's costing him. He's up 70% cumulatively since 2012 which is about the same performance as vanguard life strategy 20. Which would have cost him an order of magnitude less in fees + +Should I go to the financial ombudsman because I really don't understand how it's legal to give out such poor financial advise? Most people should only be paying 0.5% fees max + +Edit: thanks for the feedback, I now understand the fees aren't the issue but the missold transfer to a sipp is the real problem +Hi kids! + +So, you're interested in cryptocurrencies, and you've heard about those so-called "zero-knowledge proofs" (ZK) used by projects such as Loopring, zkSync and StarkWare. + +Now you're wondering : what are zero-knowledge proofs and why are they so important? Good news, champ, I am here for you! + +Let's say I found a cave with two distinct entrances, Left and Right. The two entrances are connected by a corridor, but a dragon prevents anyone from passing through the corridor. To make the dragon let you through, you need a magic stone. I have this magic stone, and I want to prove to you that I have it, but I don't want to show it to you, and I don't want to tell my secret to anyone but you. + +This is how it works. You close your eyes while I enter the cave, without telling you if I chose the Left or Right entrance. You open your eyes again, then ask me to come out on a particular side and I do so. You close your eyes, I go back into the cave, and we repeat the experience 100 times. + +If I have the magic stone, the dragon will let me through everytime and I can leave the cave through the entrance you tell me, 100 times out of 100. But if I don't have the stone, every other time I won't be able to get out through the chosen entrance - statistically, I will only have the good answer 50% of the time. + +**So by using this method, I will prove to you that I have the magic stone, without ever showing it to you**. Moreover, you will not be able to prove to anyone else that I have the stone, since an outside observer could always think that we have arranged it together in advance. + +This is what is called a zero-knowledge proof. In cryptocurrencies, **the magic stone is the private key**. Zero-knowledge proofs are used to show to a validator that you are indeed in possession of the private key, without revealing said private keys to the validator, and without letting the rest of the world know you have the key. + +Thank you for listening to my story. I hope you had fun today, my little friends! +At what number of shares do you cap your DRIP? + +I have substantial in ATT and make like 130 in dividends a quarter but wondering if I should keep DRIP or reinvest into other holdings. + +T isnt my only holding but one of the larger. +What is your opinion about using a loan that only has 1.09% APR and buying a bunch of shares of Income Reality ($O) to cover the monthly interest payments via div. The brokerage IBKR offers low interest rate margin and $O seems fairly priced now if not still a tad under valued. The idea of using debt to increase income seems great to me, especially since $O is incredibly reliable and expanding into EU. CEFs do this for us, so why not aggressively pursue one of the highest quality monthly payers? My debt to equity ratio would be 1:1 but would yield more than enough to cover the interest expense. I believe getting a mortgage and buying a house would be much more risky even. This strategy would have worked even during the 2008 crisis. Does anyone else do this? Any thoughts? +I've heard decent things about XOM, about how they can potentially rise up exponentially in 2021 while also having a dividend yield of over 8%. I know oil might not be a great long term investment but I was thinking of buying and holding for ~5 years for the dividends and stock appreciation. Anyone have any thoughts on this? +Hello, + +Thoughout this subreddit, I've heard a lot of advice mentioning it would be beneficial to have your dividend stocks in a tax-advantaged account such as a Roth IRA. I have a couple of questions as this doesn't make any sense to me. + +To start, I'm aware the DRIP is tax free when reinvested, but what happens if you want to cash out the dividend before you hit the 60ish age requirements (aka, FIRE)? You would still be taxed plus a 10% penalty right? + +Secondly, you are hard-capped at $6,500 per year into your Roth, a value that is WAY lower than I'm currently contributing to my portfolio (like 10x lower). + +Is there a benefit I'm missing? My Roth is being maxed every year into a pure growth etf like VTI and all my dividend stocks are in a taxable portfolio with all dividends reinvested. + +Thank you in advance! +Only started building a dividend portfolio last month (Ā£1.5k start with Ā£200 per month for the time being) and curious about dividend payouts being automatically being reinvested.. What are the pros and cons to it? +I stumbled across PEY a couple of months ago but I rarely see it mentioned. + +PEY is Invesco High Yield Equity Dividend Achvrs ETF. + +PEY tracks a yield-weighted index of US companies that have increased their annual dividends for at least 10 consecutive years. + +It's increased 49% on the 1yr chart and has a div/yield over 5 but I rarely see it mentioned. + +I initially used it to store my cash in my account so it wouldn't just be sitting idle but it's typically the only position that's green on red days so I never feel right selling it. + +What're your thoughts and am I missing something? + +*Holding 21 @18.63. This isn't financial advise. I'm just curious what other people think. +So my eye is on O with the current dip they have, I know this is more of timing the market but is there any way to get an idea on when the dip is at its lowest? +I want to hold my dividends for many many years but am struggling to find reliable strategies when it comes to picking them. + +- do any of your have a resource/mentor you follow? + +- is there a target yield rate that implies it's too high to last long-term? + +- are you still just chasing growth as you normally would, but limiting it to stocks paying dividends? + +Curious on what you're all doing as I slowly figure out my own strategy. Thanks +Im new to stocks ive already started investing in a few growth stocks have about 1k left im willing to put in somewhere, what dividend stocks should i get in on? +Iā€™ve been playing around with backtesting a possible portfolio, but I feel like Iā€™m missing something or doing something wrong. + +A bit of background: I started investing last year beyond my employer 401k by opening a Roth last April (great timing!). Because I knew very little I put about 80% in an S&P 500 index fund and chose a couple individual stocks like AAPL DIS TGT. + +Now I'm at a point where I've learned a lot, really enjoy doing DD, following the market, and watching individual stocks. I built a portfolio made up of mostly stable, old, boring dividend aristocrats with a larger allocation to the S&P 500 index fund to help capture growth. I've been backtesting it on Portfolio Visualizer before selling off a large chunk of my S&P 500 holding and jumping in. + +Iā€™m 35 and looking at least 20-25 years until retirement, so that's the time horizon I'm interested in. Everything Iā€™ve heard and read has shown itā€™s really hard to beat the total market benchmark, especially with a tilt towards value. Testing this portfolio across different timeframes (5 years, 10 years, 20 years) and various time periods from 90s to 2000s to recent, this value dividend-growth focused portfolio with DRIP beats VTSMX every time. + +Over the past 25 years this portfolio outperforms VTSMX by 60%. Starting with a balance of $6000, monthly contribution of $500, and reinvesting dividends: + +* Portfolio ending balance: $1,469,165 +* VTSMX ending balance: $913,777 + +I know past performance doesnā€™t predict future returns, but am I missing something here? Is this just the power of compounding at work? + +[Here's a link to backtesting the last 25 years on Portfolio Visualizer](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1996&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=6000&annualOperation=1&annualAdjustment=500&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=VTSMX&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Growth+Portfolio&symbol1=AAPL&allocation1_1=4&symbol2=AFL&allocation2_1=4&symbol3=DIS&allocation3_1=3&symbol4=JNJ&allocation4_1=5&symbol5=ABT&allocation5_1=4&symbol6=JPM&allocation6_1=4&symbol7=KO&allocation7_1=3&symbol8=LMT&allocation8_1=3&symbol9=MCD&allocation9_1=2&symbol10=MMM&allocation10_1=2&symbol11=MSFT&allocation11_1=4&symbol12=NEE&allocation12_1=5&symbol13=O&allocation13_1=4&symbol14=PEP&allocation14_1=3&symbol15=PG&allocation15_1=3&symbol16=FRT&allocation16_1=4&symbol17=TGT&allocation17_1=4&symbol18=VFINX&allocation18_1=35&symbol19=VZ&allocation19_1=4) + +&#x200B; + +|Ticker|Allocation| +|:-|:-| +|AAPL|4%| +|ABT|4%| +|AFL|4%| +|DIS|3%| +|FRT|4%| +|JNJ|5%| +|JPM|4%| +|KO|3%| +|LMT|3%| +|MCD|2%| +|MMM|2%| +|MSFT|4%| +|NEE|5%| +|O|4%| +|PEP|3%| +|PG|3%| +|TGT|4%| +|VZ|4%| +|VFINX|35%| +Early twenties and right now committed to investing 60% in dividend stocks, 25% in VOO and the other 15% in other ETFs/stocks more risky/growth plays. + +Though Iā€™ve noticed itā€™s really tough to beat the S&P500 though I know that investing in dividend stocks early can allow me to build up great yield on cost and a good dividend snow ball. Though Iā€™m wondering if I could get more total gains by just index investing? Not sure what to doā€¦ +Hi, first post here. I'm new to dividend investing and have a few small holdings. + +I'm looking at DCAing into one of the highly regarded ETF's that offer both long term appreciation *and* solid dividend yield. I'd love to hear what the community would pick as their number one ETF for this, and why šŸ‘Øā€šŸ’» + +Example of the popular ETF's that I've been looking at: + +* SCHD - fairly selective, only 100 holdings. Solid appreciation and dividend payout across time. Often mentioned as a favourite. +* VYM - many more holdings than SCHD. Still really great appreciation and dividend payout. Higher price per share makes me reluctant to lean this way. +* SPYD - still currently at an all-time-high, though growth not as pronounced as the two above. Still an excellent dividend payout though. +* RDID - similar to SPYD but not as strong overall. +* VTI - very expensive compared to others above. Excellent growth, and great dividend payout but the high price just wrecks the yield. Not really marketed as a dividend ETF, more of a 'broad market representation'. + +Then, I have also been looking at a few lesser mentioned wild cards, such as: + +* SRET - invests in high yielding REITs from around the world. Has been sitting steadily at around $15 for years and took a dive in March 2020. It's currently sitting at just under $10 and on the road to recovery. I'm tempted to buy as much as I can on the assumption that it will return to it's $15 smooth ride over the coming months/years, and the dividend monthly payout should return towards normal too. +* DIV - pretty much the same as SRET above. Currently sitting at $19 and on the road back up to $23-$25. + +I appreciate any conversation etc in this regard! Thanks šŸ‘ +Just crowd sourcing information and seeing everyones thoughts on their dividend strategy. I'm not talking about particular stock picks. But do you have a particular set of guidelines that you hold to. +Here are mine, critique as you see fit. +1: I save until I have enough money to make a purchase that will provide me with enough dividends to DRIP. Not fractional shares. +2: I prefer to look for long paying dividend companies as opposed to yield (bonus if both) +3: I tend to stick with sectors I have some familiarity with. +4: this is my set it and mostly forget it money, so if I lose it all, it doesn't matter. +Hi all, I am looking for a better way to track my dividends? + +Currently use a basic spreadsheet, tried Sharesight but find it not to my liking. + +Drop what you use down below curious! +Does anyone else get momentarily deterred when you have a really low average price you donā€™t want to ā€œruinā€? + +I have logical decisions Iā€™m making about upcoming election sales. One of them includes AAPL. But after the split, my average price is 34.98, and itā€™s so beautiful that at every drop Iā€™ve just been buying more of other stuff. I NEED TO GET OVER IT šŸ˜‚ + +I donā€™t know if itā€™s too much day trading mixed in with my long term portfolio or what, but Iā€™m hoping Iā€™m not the only one who occasionally gets a little bit psychologically attached to an average price and has a hard time letting go. + +I KNOW I need to buy more. Iā€™m GOING to buy more. Itā€™s just going to break my heart a bit to see that number change šŸ˜… Am I alone? +With the rise for home delivery (groceries and otherwise) does this make the outlook for Realty bleak? The majority of [Realty Incomes assets are in retail (84.1%)](https://www.realtyincome.com/portfolio/property-type-composition/default.aspx) which might not be the best situation, especially as COVID-19 has accelerated the push to home delivery, at least where I live (not the US, so if you US guys can confirm if it is similar over there that would be nice). I will definitely not remove it from my portfolio but atm it makes up a large part of my portfolio and thought I would ask. What do you guys think? +Hi everyone! + +Iā€™m a new dividend investor and have been researching tons of companies with strong financials to weather this pandemic without cutting their dividends. + +Itā€™s led me to invest in REITs such as O, SPG, and STAG. But as someone who was planning to invest in individual properties later down the road, I was wondering if I should even bother investing in REITs because of their tax conditions and instead invest that money into qualified dividends. + +Btw, I do invest in VNQ within a Roth IRA to circumvent the taxes, but Iā€™m curious if I should invest the rest of my income into real estate or in to REITs or both. What are your opinions/thoughts? + +Thank you and stay safe! +I've been in enough reddit groups to see alot of different types of posts and their responses.. but the responses to questions in this reddit are just full of "go to google" "watch a youtube" "do some research"... what the holy fuck do you think newbies are doing by asking you these questions.. they are doing their research and trying to get opinionated advice from people just like them.. not some yahoo website that only reccomend stocks prices at $900 a piece... +Yall act like giving someone actually sound advice or guidance is gonna cause you to lose money... +That Texas storm really knocked this company out, that's for sure... + +**Following Unprecedented Winter Storm in Texas, Just Energy Files for Relief Under CCAA in Canada and Chapter 15 in U.S. and Has Arranged US$125 Million Debtor in Possession Financing** + +https://www.globenewswire.com/news-release/2021/03/09/2189779/0/en/Following-Unprecedented-Winter-Storm-in-Texas-Just-Energy-Files-for-Relief-Under-CCAA-in-Canada-and-Chapter-15-in-U-S-and-Has-Arranged-US-125-Million-Debtor-in-Possession-Financing.html + Hi, + + + +Last year I did a due diligence report on Toromont and then got lazy and did nothing else productive for the rest of the year. For those who are interested here is the[ report](https://www.reddit.com/r/CanadianInvestor/comments/hhwl4u/due_diligence_toromont_industries_ltd_building/). + +Hopefully this year I won't completely waste the second half of the year like I did last year. Sitting down and writing is such a pain in the ass. I can see why most posts on this subreddit are about which brokerage the OP should use. Writing anything of value is too much work. + +>!Also it is hilarious to see that a year later people are still getting in arguments over if they should buy Air Canada stock. There are 1500+ companies on the TSX, just pick another one to invest in. The obsession people have with Air Canada makes no sense. It's like a noob trap and people just love falling into it.!< + +Okay that's enough of me pontificating. + + Just a few cautionary words: + +* Grammar (and English in general) is not a skill of mine, so there will be a few parts that you might have to decipher, good luck. +* I am a random guy on the internet. Don't trust anything I am saying. Although if I may say so, I think the write up is good work. But also I'm biased so... +* Lastly, the following is just my findings and by no means is it a representation of all the information out there. I wrote a lot less than I did last year and skipped over a bunch of introductory stuff. +* Do your own due diligence or talk to a financial advisor to find what is best for you and your financial situation. Or take this financial advice and sue me when it doesn't go your way. I don't know... + + Happy reading. + +&#x200B; + +# Highlights + +Here is the link to the [Yahoo Finance page](https://ca.finance.yahoo.com/quote/tih.to/). I don't want to waste time repeating info you can easily google like stock price and garbage like that. + +I'll Just start off by saying the company is overvalued from my estimations, but what company isn't these days. The balance sheet is really strong and the Company is expecting strong demand for their services given the reopening of the economy. + +# Background Info + +Toromont Industries Ltd. (TSE:TIH) provides specialized equipment in Canada and the United States. The Company operates two business segments: The Equipment Group and CIMCO. The Equipment Group supplies specialized mobile equipment and industrial engines for Caterpillar Inc. (NYSE:CAT). Customers for this business segment vary from infrastructure contractors, residential and commercial contractors, mining companies, forestry companies, pulp and paper producers, general contractors, utilities, municipalities, marine companies, waste handling companies, and agricultural enterprises. CIMCO offers design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. + +# Stock Performance over the Last year + +&#x200B; + +[Figure 1: One year performance of TIH vs ZQQ](https://preview.redd.it/bau3yef9qc971.png?width=619&format=png&auto=webp&s=1f4cf47695a63030b4fda0fe94b7a205408fc905) + +[Figure 2: One year performance of TIH vs \^OSPTX](https://preview.redd.it/oqv5aw9eqc971.png?width=633&format=png&auto=webp&s=bcb67f028a510686c18a57fceb95addf0830d94b) + +&#x200B; + +[Figure 3: One year performance of TIH vs VFV](https://preview.redd.it/m2ulrohiqc971.png?width=628&format=png&auto=webp&s=b504ebe96f9fa7d8947a0e23720e888fe2f5d3c1) + +# Evaluation of 2020 Annual Report + +Year over year quarterly comparisons were impacted by the governmental and market response to Covid. Revenues and earnings for the first quarter of 2020 were trending up from 2019 before the onset of the pandemic, with results ending largely flat to 2019. The second quarter experienced the most significant slowdown in market activity, resulting in reduction in revenues and earnings quarter-over-quarter. Market activity improved in the third quarter, but was still below that of the prior year. Continued improvements were noted in the fourth quarter, although activity remained below that of the prior year. + +## Income Statements + +[Figure 4: 2020 Annual Income Statement](https://preview.redd.it/l6fopwauqc971.png?width=612&format=png&auto=webp&s=c33705d24e961bf306349baef7050d9961dcdd70) + +Revenues were down 5% ($199.8 million) last year, which was not bad considering that the world was shut down for a couple months last year, especially Ontario and Quebec. Mining activity was heavily affected last year. Historically mining represents \~20% of revenues. + +Equipment sales represented 91% of total revenues for Toromont. They were down by 4% ($54.8 million) for the year compared to 2019. Power systems sales were down 8% ($14.8 million), mining was down 26% ($41.8 million), material handling down 6% ($3.1 million), and agriculture was down 5% ($3.6 million). Revenue from construction markets was up 1% ($8.5 million). Product support revenues decreased 5% ($62.9 million), with a decrease in both parts (-4%) and service (-6%) across most markets and regions. + +CIMCOā€™s revenues for 2020 were lower by 9% compared to the prior year on reduced construction and recreational activity stemming in part from site restrictions and closures related to the pandemic. CIMCO was 9% of total sales. + +Gross profit margin decreased 60 basis points to 24.0% versus 24.6% in 2019. The Equipment Group reported lower margins mainly on lower rental fleet utilization. Margins at CIMCO were higher on good project execution. Both Groups benefited from a favorable sales mix of higher product support revenues to total revenues. + +Capital expenditures, net of dispositions, decreased $138.8 million, largely due to the strategic decision to reduce the level of new investments in the light equipment rental fleet portfolio across Eastern Canada as a result of the current market conditions, as well as in recognition of the time required to absorb recent investments to full utilization. Net rental fleet additions decreased $102.3 million to $51.1 million while other capital expenditures decreased $36.5 million. + +Selling and administrative expenses fell 6% ($30.3 million), but they stayed 13.3% of revenues vs 13.4% from 2019. Compensation costs decreased $17.5 million including senior leadership and Board wage reductions, governmental work-share and subsidy programs, temporary lay-offs, and reduced profit sharing accruals on the lower earnings. + +Net earnings in 2020 was down 11% ($31.9 million) from 2019 for a total of $254.9 million. + +## Cash Flow Statement + +[Figure 5: 2020 Cash Flow Statement](https://preview.redd.it/3lrk6rnarc971.png?width=624&format=png&auto=webp&s=5bb2586a2ffc841f76f636c83427814e4a027a7b) + +Cash from operating activities was up a lot in 2020 compared to 2019, $349.0 million vs $146.0 million. This difference was mainly driven by reductions in inventory levels and net rental fleet additions. The actions of the company make sense as they chose to conserve capital in a time of uncertainty. The problem now is that the company needs to build the inventory backup as demand returns. Increasing inventory purchase will result in lower cash from operations this year. + +Cash from investing activities utilized less cash in 2020 (down $24.0 million) as spending plans were somewhat curtailed due to economic conditions. + +Cash from financing activities used $90.9 million in 2020 versus $69.2 million in 2019. The company purchased and cancelled 67,800 common shares at an average cost of $59.62 for $4.0 million. Cash spent on dividends was $98.5 million ($1.20 per share) in 2020 vs. $84.8 million ($1.04 per share) in 2019. This was offset by $22.4 million of cash received on exercise of share options and lease liability payments of $10.3 million. + +## Balance Sheet + +&#x200B; + +[Figure 6: 2020 Balance Sheet](https://preview.redd.it/xxv2k6gjrc971.png?width=622&format=png&auto=webp&s=9f16ac173216bf532b76f93e2c5e7b82c5f5e68f) + + Cash was up and inventories were down, which makes sense as the Company conserved capital. Payables were down $200+ million as the company delevered. I will go into more analysis of the balance sheet once we look at the Q1 2021 report. Generally speaking though, the balance sheet is really clean. + +## Five Year Comparison + +[Figure 7: Five Year comparison chart](https://preview.redd.it/pi68ujmrrc971.png?width=619&format=png&auto=webp&s=543a9f8c1cd6368f94b1a820f93d6423edfce0af) + + ^((1) Toromont acquired Hewitt Group on October 27, 2017 for $1.02 billion, through a combination of long term debt and common shares. The acquisition added $242.6 million and $1.3 billion to the 2017 and 2018 revenues.) + +# Evaluation of Q1 2021 + +## Income Statement + +[Figure 8: Q1 2021 Income Statement](https://preview.redd.it/too7ri14sc971.png?width=619&format=png&auto=webp&s=ee479f89291ec5a69d31107796600f436c884046) + +Even though Covid continues to be a factor this quarter, revenues increased $90.8 million or 13% for the quarter. Equipment Group revenues increased 11% on improved equipment deliveries. CIMCO revenues increased 37%. + +Total equipment sales (new and used) increased $71.4 million or 28%. Sales increased across all markets and regions: construction markets (+32%); power systems (+20%); material handling (+10%); agricultural (+76%); and mining (+3%). It was good to see the mining sector start to rebound. As mentioned above, last year was disastrous for the sector as mining revenues were down 26% year over year. Product support revenues grew $6.9 million or 2% on higher parts (up 4%) and lower service revenues (down 3%). + +CIMCOā€™s revenues for the first quarter were up 37% for a total of $78.85 million. Both the recreation and industrial markets saw massive growth this quarter. CIMCO was 9.8% of total sales. + +Gross profit margin decreased 70 basis points to 23.2% versus the first quarter last year. The decrease can be equated to less favourable sales mix (lower product support to total revenues). + +Selling and administrative expenses in the first quarter of 2021 increased $1.5 million or 1% versus Q1 2020. + +Net earnings for the quarter were up 28% ($10.6 million) to $48.0 million with basic earnings per share increasing 26% to $0.58. + +I guess you can say that it was a good quarter for the Company. Revenues, gross profit, and net earnings were the highest ever in any Q1 in history. Bookings and backlogs for the Equipment Group are up 103% and 108% respectively compared to Q1 2020. 80% of the $736.0 million in backlogs is expected to be recognized this year. This year looks primed to be a strong bounce back year for the business. This doesn't necessarily guarantee good stock performance, but that's why we're here, to figure out the value of the company. + +The thing that really stood out for me this quarter was the Companyā€™s operational leverage. Operating leverage measures the degree to which a company can increase operating income by increasing revenue. As you can see, selling and administrative expenses stayed relatively flat even though revenues were up 13%. This means that a higher percentage of gross profit is converted into operating income and net income. So even though revenues only went up 13%, operating income and net earnings were up 27% and 28% respectively. This is what you want to see as a shareholder. As the company increases sales, the profit margin expands, converting a larger portion of sales into earnings. + +## Cash Flow Statement + +[Figure 9: Q1 2021 Cash Flow Statement](https://preview.redd.it/1xn3iiuhsc971.png?width=632&format=png&auto=webp&s=b3ea79e5efe86552e7ae4a8a6e05f4e07b5a2027) + +Cash from operating activities was positive this quarter compared to the same quarter last year, mainly due to lower inventory levels and net rental fleet purchases. The Company has reduced investment in both the heavy and light equipment across Eastern Canada in light of recent market conditions. Eventually the Company will have to increase inventory levels, so either Q2 or Q3 we will see negative operating cash flow. I want to see them buying more inventory, because that will signal that management anticipates things are back to normal. + +Cash spent on investing activities was down 69%. Last year the company built a new fabrication and head office facility for CIMCO, which is why it was higher. + +Cash from financing activities was negative this quarter. Technically speaking it would have been negative in Q1 2020 too, but the Company drew $100 million from a credit facility as a cautious measure due to the pandemic. Without that $100 million the cash spent on financing activities would be comparable to this year ($25,175,000 in 2021 vs. $27,373,000 in 2020). + +## Balance Sheet + +[Figure 10: Q1 2021 Balance Sheet](https://preview.redd.it/box73potsc971.png?width=618&format=png&auto=webp&s=baf80c175910a35dfc452faa245223bcd061f63f) + +Like I said before, the balance sheet is super clean. Toromont has enough cash on hand to pay off almost all of the long term debt and the vast majority of their current liabilities. + +The Companyā€™s working capital was $1.132 billion at March 31, 2021. Working capital is a measure of a company's liquidity, operational efficiency, and short-term financial health. If a company has substantial positive working capital, then it should have the potential to invest and grow. If a company's current assets do not exceed its current liabilities, then it may have trouble growing or paying back creditors, or even go bankrupt. Non-cash working capital was $518.5 million. + +Current ratio as of Mar 31, 2021 is 2.5x. It was 2.36x at the end of 2020 and Q1 2020 was 2.03x. The current ratio measures a company's ability to pay short-term liabilities (debts and payables) with its current assets. It is a measure of solvency. + +Interest coverage (EBIT/Interest expense) for Q1 2021 was 10x !!\[(70216+2004)/7177\]!!. Q4 2020: 17.9x. Q3 2020: 14.6x. Q2 2020: 10x. Q1 2020: 8.4x. The fluctuations quarter to quarter line up perfectly with the cyclicality of the business. The interest coverage ratio measures the margin of safety a company has for paying interest on its debt during a given period. + +Debt (total liabilities) to equity ratio is 90%. Long term debt to equity ratio is 37%. Net debt (total liabilities minus cash) to equity ratio is 55%. Net long term debt (long term debt minus cash) to equity ratio is 2%. + +## Dividend + +The Board of Directors increased the quarterly dividend by 12.9% or 4 cents per share, to 35 cents per common share. The next dividend is payable on July 5, 2021. Toromont has paid dividends every year since 1968 and this is the 32nd consecutive year of dividend increases. + +[Table 1: Last eight quarters of dividends](https://preview.redd.it/3cfy9rs4tc971.png?width=628&format=png&auto=webp&s=4119a507bb7b3b12aab97ea86c762f931bf67094) + +Trailing 12 month of dividend payments equal $1.24 per share, giving a payout ratio based on net earnings of 38.5%, based on free cash flow of 25.5%, and based on operating income of 26%. + +# Risks + +I implore you to read my list of risks from last year. I don't think much has changed other than I would add two more risks to the list. + +## Multiple Expansion + +Last year, earnings were relatively flat compared to 2019, yet the stock is up \~26% from the beginning to the end of 2020. Some of this can be attributed to lower interest rates, thus higher present value, but also to the fact that investors are more willing to pay higher multiples. But these reasons can only sustain the price for so long. Eventually interest rates will go up, I think, but who really knows, the macro stuff is too unpredictable, and people's willingness to pay higher prices for the same thing isn't something I want to bank on. Obviously this risk can be mitigated if earnings continue to grow into the future, which is what I am anticipating. Although, earnings going up don't guarantee price appreciation, as the company might just grow into the expectations investors have already priced in. This is something I'm going to keep a close eye on. + +## Semiconductor Shortage + +The shortage is hitting a lot of different industries right now. For example, Ford is pumping out cars and parking them until they can get semiconductors, which is leading to used car prices skyrocketing. The effects of Covid aren't over yet even though it looks like the healthcare aspect of it might be coming to an end. Due to the semiconductor shortage, Caterpillar has not given any forward guidance on whether their manufacturing output will meet demand for this year. So there's a possibility that Toromont and other distributors may not be able to get enough supply to meet their orders. I think the chances of this are low in the short term, mainly because Toromont will just end up depleting current inventory to meet supply. The real concern for me is if the shortage persists into the next year or longer. That's when things can get squirrely. Another thing to watch and see. Honestly I'd love to see some negative sentiment around the Company so I can buy more. + +# Analyst Estimates + +||2020|2021 (e)|2022 (e)|2023 (e)| +|:-|:-|:-|:-|:-| +| Revenue| $3.479 billion | $3.92 billion | $4.21 billion | $4.49 billion | +| EV to sales| 2.13x | 2.28x | 2.13x | 1.99x | +|EV to EBITDA | 13.8x | 14.4x | 13.2x | 12.2x | +|Net Income| $254 million | $323 million | $366 million | $414 million | +|EPS| $3.09 | $3.90 | $4.41 | $5.03 | +|P/E| 28.9x | 27.8x | 24.6x | 21.5x | + +*Table 2: Analyst estimates for 2021, 2022, and 2023* + +# Valuation + +## Dividend Discount Model + +The dividend discount model (DDM) is a method of valuing a company's stock price based on the theory that its stock is worth the sum of all of its future dividend payments, discounted back to their present value. For those who are interested, here is a [video](https://www.youtube.com/watch?v=O-x8wqooUKU) explaining how the model works. + +I chose the short term growth rate to be 12.9% because the next dividend is $0.35 which is a 12.9% increase from the last dividend paid. There is no way Toromont can increase the dividend at this pace in the long term, so I chose a long term dividend growth rate of 5%. I then picked the required rate of return to be 7% because that's what the indices do over the long term. + +I chose the short term growth rate to be 12.9% because the next dividend is $0.35 which is a 12.9% increase from the last dividend paid. There is no way Toromont can increase the dividend at this pace in the long term, so I chose a long term dividend growth rate of 5%. I then picked the required rate of return to be 7% because that's what the indices do over the long term. + +[Figure 11: Q1 2021 Balance Sheet](https://preview.redd.it/8c5omsmmuc971.png?width=431&format=png&auto=webp&s=8c8c272908a665ede6ec8364d6de5803412afd38) + + The model isn't perfect, itā€™s very sensitive to the required rate of return. At a 10% required rate of return it gave a price of $45. At a required rate of 6% the price is $228. It all depends on how low of a return you're willing to take. And for mathematical reasons the required rate of return needs to be greater than the long term dividend growth rate. This model works best for companies that pay most of their earnings out as a dividend, which is not really the case for Toromont. They have a relatively low payout ratio. + +# Multiples + +Normally I don't rely on analyst projections. They constantly change for no reason or for reasons that have nothing to do with the company long term, but the analysts that cover Toromont generally do an okay job at predicting the earnings. Their price predictions on the other hand are hard to explain. So what I did was take analyst EPS and revenue estimates and do something akin to a sensitivity analysis with different P/S and P/E multiples. This will give you a range of values for the company given a multiple. + +[Figure 12: P\/S sensitivity analysis ](https://preview.redd.it/j2tmk06suc971.png?width=699&format=png&auto=webp&s=cc6c6888bbaad4fc386e929f1a9c3850918f0134) + +Currently the price to sales is 2.5x, if it stays the same and revenues expected are accurate, the price has another \~10% upside. Although, historically the P/S ratio has hovered around 1.5x, so there is also the risk of mean reversion. + +[Figure 13: P\/E sensitivity analysis ](https://preview.redd.it/e40mfdavuc971.png?width=669&format=png&auto=webp&s=0051612bdb500af1ade73a0bd0acfa908619ea8d) + +Currently the P/E is just under 34x. If the market continues to pay this multiple there is a lot of upside in the next few years. And even if the multiple comes down to 30x there is still price appreciation ahead. Historically the P/E has been around 18x. + +# DCF + +I did plan to do my own DCF and have the template ready but it seems like a complete waste of time. My estimates for sale, operating income, and earnings are marginally different from the analyst. I don't see how it will add any value. So I gave up on it after doing the 2021 estimates. I think 4 billion in sales is attainable this year but I guess we will see. + +The DCF would just be another bunch of made up numbers to go along with the made up numbers from the analysts. I think I've made enough shit up already. + +# Closing Thoughts + +I think it's kinda obvious that the company is expensive. Last year when I looked at the company, it was trading at a trailing P/E of 19x and now if it went back to that P/E we would lose 25% of the market cap. + +A large amount of money has flown into the market since last year. Many companies are trading at obscene valuations. If we look at Canadian industrials, Toromont fits right in with the other large caps with defendaible moats. Both railroads are in the mid 20ā€™s P/E and more than 6x P/S. Cargojet is trading at high valuations even after the shift away from stay at home stocks. TFI International only goes up. Waste Connections and GFL are impersonating the valuation of tech companies. I don't think Toromont is at an obscene valuation but it's undoubtedly high. I wouldn't sell though. Companies like Toromont are hard to come by. They have a defensible business with good managers and strong financials. There's no reason to cut a winner because the short term future is a bit bleak. If there is a major dip back to the 80ā€™s I'll buy, otherwise I'll just hold and revisit the Company next year. Net debt is practically zero, so they're not going anywhere. + +Last year I did a comparison to Finning. I didn't do one this year. I just don't really see the companies as substitutes for each other. The quality of the two businesses are so different. Finningā€™s revenues were down 20% last year, net income was flat. That makes you wonder what happened to the profit margin in 2019 that a 20% decrease in revenues resulted in the same net income. The other concern I have is that Finning has 2x the revenues as Toromont but comparable net earnings. And the political unrest I mentioned last year in South America is still a concern today. Plus I think Toromont owns the better part of Canada and if you want international exposure, developing countries with high political risk isn't really a characteristic that I'm looking for. + +The main competition Toromont has are dealers for other equipment manufacturers. The main one being John Deere. The problem is that there isn't a publicly traded competitor so my ability to provide good analysis about this aspect of the business is severely hampered. One of the bigger John Deere dealers is Cervus Equipment ([TSE:CERV](https://ca.finance.yahoo.com/quote/cerv.to/)) but most of their business is in the agricultural industry and Toromontā€™s main segments are mining and construction. The overlap between the two is relatively small. Last year someone mentioned [Brandt](https://www.brandt.ca/), but they are a private company so I really can't find sufficient information to compare the two. Maybe I'll comb through their website and see if I can do some backwards math to compare the two. + +There are two possible catalysts I can't quantify but I know they are strong possibilities in the future. Well, one much more so than the other. + +1. Long term demand for mining minerals needed for electronics. These minerals include copper, lithium, cobalt, manganese, nickel and graphite. This will ensure that there is always demand for Toromontā€™s services. +2. A commodities boom. I can't say for sure this is going to happen but there are a lot of cheap commodities. Although they have been cheap for a decade now so whos to say when or even if the boom will happen. Usually these things are cyclical so I guess we will see when the uptrend in the cycle is. + +# Disclaimer + +I am long Toromont. This information is not financial advice. Please do your own research and/or talk to a financial advisor. All data provided is current prior to the market opening on July 5, 2021. Inconsistencies in data can be due to many reasons, the foremost being that I did most of the calculations manually. Also some of the data was sourced from external providers. +I was wondering which Dividend Growth stocks you guys are currently interested in. Any favorites? + +Most important metrics are a wide moat (difficult to replace business model, or company which creates recurring revenue streams), growing cash flows, and of course, growing dividends. I have the following ones on my buy list and always looking to add more: + +* Metro (MRU) +* Toromont Industries (TIH) +* OpenText (OTEX) +* Telus (T) +* Cargojet (CJT) +* Fortis (FTS) + +**Current holdings:** + +* TD Bank (TD) +* Emera (EMA) +* Enbridge (ENB) +* Bell Canada (BCE) +* Waste Connections (WCN) +* Alimentation Couche Tard (ATD.B) +* Canadian National Railway (CNR) +* Brookfield Infrastructure (BIP.UN) +* Brookfield Asset Management (BAM.A) +* iShares REIT ETF (XRE) +* iShares Global Ex-Canada ETF (XAW) - In the RRSP, other holdings above are in TFSA. +Not so short summary! + +Pyr or pyrogenesis has been approved to go to Nasdaq! The company will set the date for the listing. They hope they will list around the end of q1 which is around March 31 of 2021. + +Pyr is the only otc at the moment on PRNT index etf of ark! It is one of the 4 Canadian company on all of their etfs! + +Pyr has 6 and half divisions. What is the other half? They co-created silicon EV with hpq and they also one of the main shareholder of it! + +they own the patent for iron ore torches. They already sold one torch for modelling. They stated that one of the big 5 iron makers wants these torches! + +Float is really tight. The ceo own 52% of 152 million shares. The company also has buy back program that will last until next year! More tighter! + +Some rumours: +-They have an exclusive contract around tunnelling. Rumour has it this exclusive contract is with arcbyts! + +Good luck and do your own dd!! +Edit 3: Update from Martin: + +>Since the announcement, I have heard the discount that is being applied to the price-capped tariffs is likely to be applied to all tariffs, including fixes (the new 'price guarantee' will effectively work as a per pound discount off the unit rates of the pre-planned 1 October price cap rate). If this is correct, many fixes that currently look costlier than the price guarantee will end up cheaper. **Earlier, the information I was told by the Government was that "all can get out of a fixed tariff without exit penalties". This may have changed, so that it is left up to firms. I will confirm when I know, but be careful acting on any of this before it is cast iron.** + +So probably worth sitting tight for a few days and letting the dust settle before making any decisions about switching tariffs. + +**Original Post:** + +Good news for those worried they might lose out for having fixed at a higher rate than the newly announced Ā£2500 "cap". (Obligatory public service announcement: This is a **unit** rate cap expressed badly as the yearly cost for a household that uses 12,000 kwh gas and 2,900 kwh electric. **If you use more you will pay more.**) + +[Source](https://www.moneysavingexpert.com/news/2022/09/energy-bills-price-freeze-cost-of-living-government-liz-truss-/) + +We won't know exact unit rates until more details are announced but [some estimates](https://www.linkedin.com/posts/auxilione_the-announcement-has-now-been-made-with-activity-6973600508632522752-9qGO) put the new cap in the ballpark of `9.5p/kwh` for gas and `37.5p/kwh` for electric. Disclaimer: this is some real back of the napkin stuff so these figures are for broad comparisons only. +Hi everyone, I thought I'd post a quick update about my situation now the Christmas and New Year rush is over. + +Firstly, I want to say a huge thank you to everyone who messaged me, sent me a donation, sent me a gift and provided advice. I don't even know how to show my gratitude to you! You helped me through a very dark time in my life and you genuinely helped to keep my alive. + +I provided a screenshot of my IVA account to many of you, along with the mods to show I wasn't lying about this. I have a police report too but you will be glad to hear this is now with a solicitor so that's why I haven't posted that too. The solicitor thinks I have a good chance of getting out of my IVA due to it being mis-sold so here's hoping! Thank you for giving me the ideas and strength to actually contact someone about this. + +With your donations, I was able to have fresh meat and veg for the first time in a long time! I actually enjoyed my Christmas, which I spent at my local food bank feeding the homeless. I used some of the money to donate to this and bought crackers so there was some fun for people less fortunate. I also have a bit left which will help me to eat a bit better throughout January. + +My mental health is improving (thanks to whoever sent the remedy drops, they've helped!) And I've been in a much better place lately. I know money isn't everything but having that little bit extra has changed my outlook. My mood has been affected the most by the help and messages I've received, I know there's some good people still out there! + +Lastly I just want to say a huge thank you again. I would almost certainly not be here if it wasn't for the support I received for you guys. + +Thank you! + +P.S extra special shout-out to whoever sent me that electric blanket, that's amazing! +I realize this is as tinfoily as it gets but there are some coincidences stacking up that make me think this is at least a possibility. Cohen is obsessed with long term share holder value and delighting customers to achieve that end and he is about have a huge new base of customers participating in their marketplace. IMX is beginning to launch games in coming days/ weeks with at least 2 triple AAA studios coming on bears and 1 of those being playable in the next 6 months. These games will all have their own micro economies where users will generate and trade real value assets in the form of LRC and IMX (so far) both operating on ETH. + +Gaming is a growing industry and it is very likely crypto will be in some form in the medium and long term. They have a symbiotic relationship where as one increases it brings more value to the other. Cohens vision for transforming the company has made the very intentional decision pioneer into the crypto space with gaming to an existing userbase of more than 50 million. Using LRC and IMX (so far) both operate on Ethereum and incentivizes holding either ETH or tokenized securities and economies operating on ETH. + + If participating in these ecosystems creates more value, more people are going to flow into both overtime. Users will be financially rewarded for participation in the system as they play and create (power to the players, power to the creators). Gaming and GME may be the trojan horse to crypto going mainstream and taking a larger and larger slice of the pie from traditional finance over time. Getting actually paid for **fucking** **gaming** (what a time to be alive, am I right). On top of that Loopring has a patent on a de-fi exchange that: + +"[relates to the use of stable value digital assets and/or fiat-backed digital assets as cryptocurrencies that can be linked to other digital assets using blockchain technology](https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring) ". + + Oh, and they just partnered with FTX a crypto derivatives exchange. Does this not jack your tits! + +The most pressing hurdles facing cryptos widespread adoption imo have been: + +1. Cost to environment (Solved with merge - ETH went from causing 2% of the worlds global electricity to less than 0.001 percent as of today) +2. Difficulty to use (Solved with the ongoing launch of GME marketplace/ crypto as they handle everything on the backend and incorporate to mere clicks away from their traditional web 2 digital stores. +3. Utility (Gamestop and partners not only bringing digital ownership of assets to the masses through gaming economies and securities in the near future, but all operating on t+0 with real price discovery). + +If GME is betting on crypto and especially Ethereum they have placed themselves in as one of a few unique companies at the spear head of cryptos rise and mass adoption. + +As an added coincidence Matt Finestone, now former head of GME blockchain said just days ago as he exited the company : + +"[I will always care deeply about this project, and will cherish watching it advance. I plan to continue working within the Ethereum ecosystem, and return closer to the protocol/infrastructure level. There's never been a more exciting time to be an Etherean."](https://twitter.com/finestonematt/status/1569316436354506752) + +Now, just after the merge, he tweets out + +["Ethereum is the most exciting phenomenon on the planet, and is just getting started."](https://twitter.com/finestonematt/status/1570313498630012930) + +Matt has been instrumental in the development of Loopring and Gamestop's NFT marketplace, and I doubt he intends to his prior creations and contributions go to waste. It is incredibly bullish that he has left right as both the merge and GME begin to rollout the gaming side of their launch. + +Gaming is cryptos trojan horse to traditional finance and GME is bringing it in on a silver platter. +Microstrategy bought bitcoin in 2020. Two years later an institutional wave of money is now entering. + +El Salvador bought bitcoin in 2021, by 2023 a wave of sovereign nations will be buying bitcoin to hold as reserves. + +Bitcoins fair value is somewhere between gold and global debt which is between $10 trillion and $200 trillion ($500k to $10 million per coin). + +New tech is always overvalued before it is fully adopted just like the dot com bubble in the 90s getting way ahead of itself before most people even had a home internet connection. + +Bitcoin will not rise slowly. It will not give people the chance to take their time. It will melt faces off as it leaves everyone behind. A million dollar bitcoin will not take another 10 years, and it doesn't need to be held by five billion people to get there. It will be overvalued well before mainstream adoption takes place. + +Once institutional fomo is well underway and sovereign nation fomo is heating up the price will rise by $100k in a month. It took 12 years to go from zero to a one trillion dollar market cap and once we are solidly above one trillion it could reach two trillion in a matter of months. + +Bitcoin will find its true value somewhere between $500k and $10 million per coin and it will happen faster than anyone on earth could possibly imagine. +I am trying to wrap my head around the federal reserve and how it deals with inflation and debt. Does the federal reserve ā€œlikeā€ inflation? It would seem to me that it should and shouldnā€™t. If the fed is in debt, shouldnā€™t it ā€œwantā€ inflation in order to lower the value of the debt it has to pay back? But the fed is also suppose to ā€œcontrol/manageā€ inflation so that seems like a pretty weird love triangle. And lastly, is the federal reserve in debt? How does debt work with the federal reserve and who are they in debt with and how are they in debt? + +I have some pretty surface level knowledge and understanding of the federal reserve but trying to understand its motives for the things it does has been very confusing so thank you to anyone who can shed some light on these questions! + +Anything else that anyone thinks is worth mentioning, like how these things effect markets etcā€¦ please share, it doesnā€™t have to be directly related to what I was questioning as there are so many things that I donā€™t understand enough to even ask the right questions on +We all have our various goals in Crypto. Some of us wants to buy a house. While others just want some fu*k-you money or a nice Lamborghini. + +I for one just want to have enough crypto to live off my passive income. Imagine the time when your crypto has pumped so hard and you have kept dollar costing average throughout all the years. One day sheā€™ll come. + +Imagine every month you do not have to go to work, you only go to work because you want to not you need to. This is all because you have generated enough passive income from staking or lending crypto alone. That is the dream that is what I want and I hope that is what all of us can achieve. This way we wonā€™t just be rich, we will be wealthy. +Sent out some coins this morning from my Coinbase wallet. + +Coinbase has a screen now as part of the "Send Money" process that demands to know if it is going to "My Personal Wallet" or "A Merchant". + +I selected "A Merchant", and it demanded the Merchant's name. +I tried to send leaving it blank, wouldn't send, message "Cannot leave merchant's name blank". + +Goodbye Coinbase. + + +Need your help reddit. My wife and I are looking for a house in the aftermath of Harvey. We've come across a house that got a foot of water in it. Its a beautiful house that could go for over 200k fully repaired. + +My question is if the value of the house is ever going to go back up in value now that its been flooded? Its listed for 165k and all the sheet rock and insulation are removed and the floors stripped. Its ready to put whatever you want in it. I can do most all of the work myself so i can save money there. + +My gut tells me its a really good deal with work. But my fear is that now that its been flooded, it will be hard to sell one day. + +Does the market understand when it comes to these floods? This was an 800 year flood... almost 50% of the houses in the greater houston area flooded. + + +Like the title says, I love me some food. I have a lot of issues with it, but being raised poor (and neglected) we often only had cereal and week-old donuts to live on. If we were given "real food" it was McDonald's or pizza. Luckily we lived in California so I ate a lot of found/grown produce as a child. As a teenager I started stealing from grocery stores even though we lived like middle class. + +Now I'm in my thirties and have tried to work through a lot of my issues (I never steal, I save money) but the one thing I consistently can't resist spending money on is food. I never really shop for anything else, but I don't mind spending an hour in the grocery store everyday perusing the isles and finding goodies. Then on the way home I will stop for fast food or something. I always have a ton of food in the fridge, and even though I shop frugally it is adding up. I have $100 in my account and I just ordered some online groceries from Homechef. + +I can see other peoples problems and help them but I just don't know how to fix my brain. Btw my sisters do the same thing. And when I was homeless/broke I used to steal high end cheeses so often my sister called me the Dairy Theif. I would never steal now but Jesus Christ someone help me! +1. For some reason there's mass confusion when people here buy a stock that is recently up over 100% and then it tanks down 30-50% shortly after. Stocks that moon 100+% (even 50+%) in a matter of days are **EXTREMELY RISKY** to buy. If you're just here to gamble that it keeps going up, then go for it. Nothing wrong with that. Just realize that you're heavily gambling and don't complain when you lose money. If you care about your money, find stocks that are at lows or move 1-5% a day with potential catalysts in the near future. +2. I also see people going deep into DD and looking at the yearly plans for a company, but then sell within a couple weeks or a couple days. If you're planning on selling that quickly, why do you care about the company's long term plans? If you're basing your buys off of long term DD and you like the company, then stay with it for at least a few months. If you're selling within a couple days, then you should be buying purely off the chart setup and any bubbling hype. +Iā€™m 18 currently senior in high school I started a vending machine company with $1,000 when I was 15 . I got the initial money from hustling all summer washing cars, houses, building computers, you name it I was doing it. Since then I have grown my business to 6 machines and 4 locations. I mostly reinvested all the money into the growth of the company and I took $1000 to put into the stock market. I grew that to $11,000 since I turned 18. I have a couple thousand in my checking account. And I have been collecting sports cards and PokĆ©mon cards since I was six and I probably have $15,000 in cards. I got bored of the vending machines so I wanted to sell. I got an offer for $20,000 so I am going to sell for $20,000 and I will also have the $8,000 I have in my business bank account so I will approximately have $25,000 to $30,000 from the sale pre tax. I have no debt I have a credit score of 720 and I was thinking of putting the money towards college but my parents already have double what my tuition is in a college fund which is penalized if you do not use part of the money . Any ideas for how I should use this money I am expecting. I really have no expenses as I live with my parents and I really donā€™t buy anything . +The common reply here to someone paying off their home early is that they shouldnā€™t do it because it isnā€™t mathematically optimal and often the benefits of a lower or no mortgage payment such as the increased cash flow, opportunity costs and lower costs associated with living over a longer period of their life is ignored. + +Surely a more flexible, opportunity rich life is more valuable than a higher balance sheet at the end of life, what am I missing here? +I am currently in 35k debt. + +Initially I had a secure job earning 40k per year for 5ish years. I financed a Holden Cruize and still owe around 17k on it (I was stubbon at the time). The remaining owed are due to me starting up a business and being loaned capital by the bank plus family. Before I started the business I didn't have too much trouble. I paid my rent (400pw) and bills just fine. + +The past year and a half my Employer ended up not being able to pay me, or paid me inconsistently. Eventually owing me 50k+ in unpaid salary. He is no longer paying me and I am still listed as employed there. I am currently undergoing litigation in attempt to make a claim against the company. Also FEG will only pay up to 10 weeks and that can take up to 6 months to approve according to them. + +So technically I am unemployed, with the lawyer unsure whether or not working will impede the case. The bank and car lender have been on my case a fair bit lately even notifying them on the situation. I am waiting for god knows how long to get any money in the claim+feg. It could be a long time while this debt builds up. + +I have been unsuccessful in search of cash in hand jobs to attempt to make money to cover bills. I'm wondering where I should go from here. + +The main issue is mainly the car, it's really screwing me over. I was wondering if it were possible to sell the car for an amount near to it and then perhaps buy a cheap second hand corolla as a replacement. + +If anyone has any advice I would love to hear it. + $ABNB - $151.5 + +The Travel Industry is undoubtedly the hardest hit by this pandemic. But, the vaccines have come in as a ray of hope. + +The rebound in the travel industry could only be possible in the last quarter because people got their jabs! Otherwise, the travel and hospitality sector just stumbled badly. + +But the rise of Delta Variant, not only in the US but in other parts of the world is alarming. Many tourist places were shut. If this virus stays here longerā€¦.and the authorities do not devise effective measures to fight back, it can grievously hurt the travel economy! And, somewhat, Airbnb knows it well. + +If we look at the second-quarter earnings of this company- Airbnb, it has reported a revenue of $1.34bn, four times higher than the Q2 FY2020 and 10% up in 2019. Wall Street expected the company to report revenue of $1.26 bn, FactSetā€™s estimates tell. + +ā€œTotal nights and experiencesā€ booked in the second quarter were 83.1m, almost 200% higher than the 2020 bookings. Analysts had expected it to be 79.2m. + +In 2020, people were not allowed to travel across countries, there were reasonable restrictions but the ease of such restrictions surely showed a way to tour and travel in the summer of 2021. Though the ease in domestic travel boom owing to increasing vaccination rates and easing restrictions has helped AirbnbThe company is still clueless on how the traveling trend of the people in the fall of this year will be. Additionally, International sales are still a matter of concern. + +So, in conclusion, the surmounting **precariousness**, and the psychological-cum actual impact of the Delta variant on the travel industry is as real as it gets. Perhaps, this uncertainty is not allowing investors to bet on this stock. After the announcement of the Q2 financial report, Airbnb shares fell 3% during the extended trading session, and today in the pre-market hours, its shares slid by almost 2.5%. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +With the **AMA Completed** and **Devs Doxxed** Super Shiba is very bullish now. **Next stop 20m Mcap** + +**Dedicated Devs** and **Community** are not selling a thing as **$SSHIBA** continues its journey to the moon. Now is the perfect time to invest in the Super Shiba Token as its continuing to reach new ATH on a daily basis. + +**CMC & CG Submitted -** Awaiting Feedback + +At 60 hours old **$SSHIBA** reached a $10 M Mcap and the marketing is only Just getting started. **.** + +**Poocoin banner developed and uploading today** + +**More Twitter and Youtube influencers this weekend** + +**Tomorrow live AMA with devs** + +**Chinese domain and expansion in development** + +**Chinese campaign organisation underway!!!** + +Key Notes from the **AMA:** + +ā€” SuperDEX is being developed - A DEX made for Gem hunters, looking to get into doxxed and vetted projects before they've already 10x or 100x'ed. They will revolutionize the way we use NFTs to identify fully verified projects for our traders/holders. Details, full vision and Medium articles will be posted soon! Stay tuned. + +ā€” SuperShiba NFMeme Marketplace also in the works - A platform for users to create their own memes directly as NFTs, share them, trade and just flex their claim on their own unique memes. + +**Doxxed Dev and Team** \- Again, this is all about trust, something that is lacking in the dapp realm. The Admin Team are willing to put faces behind their names because they believe that their project is solid. + +**Influencers and Marketing proposals confirmed** \- First tiktok video out and weā€™ve already seen an influx of crypto influencers buying in, they didnā€™t do so on pure goodwill. The team is actively seeking more and collaborating with those we have currently to ensure that we communicate the vision and goals as effectively as possible. In addition to this, they have identified some key Chinese crypto influencers that are ready to take this to the next level in the Chinese market - stay tuned!! + +**In summary** \- it has been really encouraging to sit in on the creative, structural and technological decisions that have been made today by the Shiba leadership; itā€™s not often that we see that sort of positive collaborative engagement when scrolling through CryptoMoonShots... + +**TWITTER GIVEAWAY:** [https://twitter.com/SuperShiba2/status/1393316246930796548](https://twitter.com/SuperShiba2/status/1393316246930796548) +**TELEGRAM:** [**https://t.me/SuperShibaBSC**](https://t.me/SuperShibaBSC) +**WEBSITE:** [**https://supershiba.xyz/**](https://supershiba.xyz/) +**AMA LINK:** [**https://www.youtube.com/watch?v=jWSgjfohTVY**](https://www.youtube.com/watch?v=jWSgjfohTVY) +**TIKTOK:** [**https://www.tiktok.com/@cryptogemhunters/video/6961869966391987462?lang=en&is\_copy\_url=1&is\_from\_webapp=v1**](https://www.tiktok.com/@cryptogemhunters/video/6961869966391987462?lang=en&is_copy_url=1&is_from_webapp=v1) + +**Contract address:** 0x922c77c7724d7b77fd7791be5cc5314b70c3a781 +**BUY :** [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x922c77c7724d7b77fd7791be5cc5314b70c3a781](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x922c77c7724d7b77fd7791be5cc5314b70c3a781) + + +The deployment and use of StaySAFU would allow any investor to screen any 'project' much more effectively, and therefore reduce their losses caused by scams. Any investor using StaySAFU will therefore have more capital to invest in the right projects; allowing, mechanically, a growth of crypto-assets that have real value. Moreover, a virtuous cycle will take place in terms of reducing scams: scammers will earn less and less money, and consequently will probably change their activity. StaySAFU, in short, is the end of scam tokens, and the redirection of stolen capital into the relevant projects. + +Their token scanner is already up and running : [https://t.me/SAFUScannerBot](https://t.me/SAFUScannerBot) + +Few stats : + +Scanner users : 3,150 Scanned tokens : 18,900 Market cap : 300,000$ Fees : 1% project wallet fee + +Why buying $SAFU is profitable ? + +The price of the token will not be based on pure speculation, like the others, but on the success of StaySAFU: no need to panic sell if you believe in the project since the buy & burn mechanism ensures a strong link between the success of StaySAFU (scanner) and the price of $SAFU : 50% of the profits made by StaySAFU will be used to buy and burn $SAFU. + +Links : + +Community : [https://t.me/StaySAFUOrg](https://t.me/StaySAFUOrg) Website : [https://staysafu.org](https://staysafu.org/) Contract : 0x890cc7d14948478c98A6CD7F511E1f7f7f99F397 +XRP being hailed as a scam has been pretty much a primary battle cry on here since the coins inception. + +When XRP crashed to $0.20 a few months ago this sub was simply elated. I knew they were wrong then (and I made a post about it)ā€”and today obviously shows how wrong they were. + +A lot of XRP holders lost a lot of money when they sold the bottom because of this subs idiotic tribalism. + +XRP isnā€™t going anywhereā€”and this was evident as soon as it was clear that XRP was fighting the lawsuit and not caving to a settlement. You should have bought the dip. +All the time I see people posting about spending $400, $300 or even $200 a month on groceries, how??? Between me and my wife I would say we spend at least 600 on a good month, seems like we never have enough in the fridge and Iā€™m going to the store a couple times a week. Honestly donā€™t know how to make it cheaper without eating eggs rice and beans for every meal. +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. +My husband and I live in NY, his mother who he does not have contact with lives in FL. She used his name and social to open a cable account, did not pay the monthly bills, and now has let $500 go to collections. He did not find out about this until he tried to open a car loan. My questions are: + +1. How do we take this fraudulent charge off his credit report. +2. How to make sure his mother cannot open any other accounts without his knowledge/ permission. +So i have notuced in the past few weeks ever since the so called $GME short squeeze has gained momentum, there has been a large influx of new subreddits being created which to me seem like echo chambers. People folowing a cult like mentality to hold the line, pumping the stock and never selling, discussing all kinds of 'battles' with hedge funds which are taking place ? + +Can anyone provide me with a sane overview of these so called 'battles' and what they mean by 'holding the line' What is their end game ? Are they really so emotionally invested in this stuff ? Are they simply bag holders who bought at the peak and are now suffering from cognitive dissonance ? + +To a normal everyday investor this seems quite strange and cringeworthy. + +People buy stocks, people sell stocks, people make money, people loose money. No one is out to get you, no one is fighting battles on the order book. + +/rant over +So week 1 is over and man i missed alot of good setups lol. Have to adjust my sleeping schedule. Trying to trade london session is going to be an adjustment. Im excited about the future tho. All my analysis were spot on had i traded i would have been 9/10 for the week. Excited to work on this adjustment and hopefully have the energy to trade next week lol. Thanks for all the great advice you guys in this group have. Provided. No one im close with believes in trading so its nice to have people who understand +I'm curious as to what you guys think. The source is [here](http://www.forbes.com/sites/kitconews/2016/04/13/chinas-yuan-based-gold-fix-to-include-two-international-banks/#78df6fef73b7) +Hi, I've read in so many trading forums and blogs, that achieving 3% to 7% or even 10% average monthly retunes is possible and very realistic trading forex, assuming I've gained the necessary skills, knowledge and experience, and took my time learningĀ and practicing for a few years. + +Are such retunes possible and realistic as they claim? + +Note: I understand that there are drawdown periods and will be at the mercy of the market. + +Thank you +Hey everyone, here are some things I do to minimize losses. A lot of people focus on profits but not enough focus on capital preservation. + +- Trade one pair - Trading one pair minimizes the amount of trades you take on a monthly basis. You will also start to understand how that pair moves during different sessions, how it reacts to news and whatā€™s itā€™s average daily range. + +- Trade one session only - This goes hand in hand with trading one pair. When you understand how your single pair moves during different sessions, you can choose one that works best with your trading plan. + +- Scale in/out of position - This sometimes hurts profits a little but, but also makes losses less. For example, I can enter a buy trade at 25% of my lot size. If price moves 15-30 pips my way I will enter with another % etc. same when price goes against me, has worked well for me against false break outs. ( This is easier said than done and you need to really understand how it can work in your favor. + +- Donā€™t trade reversals - ( unless your trading plan is trading reversals.) I only look to buy when the 4H trend is up and vice versa. + +These are some things I do, not all and has worked with my trading style and plan. Iā€™m curious to see what others do to minimize losses? +I have a strategy I am working on, and while I am happy with it, it could still do with some improvement. I think my exits need a little work. I usually set a hard TP and I am fine with it, but am trying to work out how to let them ride when they really get going but it seems once I delete my TP all logic goes out the door and emotion comes into play. Does anyone have any good resources they can share to me specifically about exit strategies? +A buddy recently sent $4000 to an online broker to start trading currency. Every week he's been telling us how well he's been doing. I want to send some money myself. Anyway, he has run $4000 into $20000. Now he wants to withdraw dome money. The brokerage wants 30% in cash to send him his money. Obviously chinese scam but I can't convince him to give it up. He wants to do it. Have any of you had a situation like this? Thanks in advance +As we all know there is a psychological curve when trading that everyone goes through in the beginning. Whether it be under capitalization, looking at the wrong things (i.e. dollar amount instead of percentage earned), wanting to be at your 5 year goal in 6 months, etc etc. There is a plethora of them that we all deal with. + +Could you share your experiences in the beginning of your trading journey and when you had that Ah Hah! moment on the psychology. What you still struggle with. When you realized you'd turned a corner. + +I'm currently struggling with wanting larger returns by over leveraging. Because NOW!!! I WANT IT NOW!!! When I know that letting the compounding effect work while managing risk is much smarter and long term will result in better results. I haven't met a trader yet who started out without the instant gratification itch. I continue to battle the desire of seeing where I'd like to be in 5 years but trying to get there in 6 months. + +I know that trading in any form is not a get rich quick scheme and should never be viewed that way. However, my nature is to see the prize and want to get there NOW!!! Which is a double edge sword. Patience is something I struggle with and I'm aware of this. I just wanted to get other's personal experiences on their journeys. + +Thanks! +http://www.forexfactory.com/showthread.php?t=604389 + +650% as of this posting; has open orders so its fluctuating quite a bit at this leverage. + +I'm 650% sure it's going to be another fail like all of these type of claims, but have to give him a little respect for an impressive day 1. + +Day 2 edit: gave most of it back already but still 1-200% ahead. +Do you have daily or weekly targets? (i.e $100 a day, $200 a day, $1000 a week, $2000 a week) + + +Just wondering if any one else has daily/weekly targets, or do you just take what the market gives you? +This is my 9th year trading FOREX and after all these years of trading i always end up losing once i make some serious coin. + +I start off with $1000 every year and i have a very good scalping strategy but once i get to more than $10000 i start to make impulsive trades without doing proper research or hold onto unsuccessful trades longer than i should. + +A few years ago i managed to get to $40000 once and i cashed some of it out and bought a nice computer and went on a holiday because i knew i would screw it up and lose it all. I was trading nervously at that point. + +Last year i gave up after a couple of weeks after a few stupid trades, cashed out and decided to come back later. + +Now this year i've been trading for two weeks and am doing well so far. I'm patient and thankful for any successful trade. I just don't know what's going to happen once i get to $10000 again. +I work and have invested (a small amount) with a Forex Software company, this company gathers client funds and puts it into their trading portfolio, but does not personally manage the client funds. + +I have learned that if the account were in drawdown (going to use example figures here) of 50% new investors would instantly be liable for that drawdown. Here's a breakdown: + +Lets say the account was $10,000 and the drawdown was 50% ($5000). If I had invest $1000 I would be liable for $500 of that drawdown. Now, if a new investor came and deposited $5000, the account would now be at $15,000 and the drawdown is subsequently 33% of the account. The issue is, myself as an older investor, I am now only in a 33% drawdown of about ($333) and the new investor is instantly in a drawdown of 33% too. + +To my mind, this means I am subsidised 17% as the new investor has technically paid off some of my debt, which to me looks just like how a Ponzi scheme works, albeit, an indirect Ponzi scheme. + +So my question is, is this legal? +Hi guys! So Iā€™ve basically finished school with the recent cancellation of GCSEs. Personally, my grades are all very good so Iā€™m left with 6 months and Iā€™d like to make it productive. Iā€™ve always been interested in Forex trading and Iā€™d like to use this 6 months to learn. I have 4-5 hours a day to do this alongside school work and recreational activities so I think Iā€™m good to go. +I plan to start trading live by the end of this year hopefully (I understand this is a long journey). Is there any sort of advice anyone can kindly give? +This is my 9th year trading FOREX and after all these years of trading i always end up losing once i make some serious coin. + +I start off with $1000 every year and i have a very good scalping strategy but once i get to more than $10000 i start to make impulsive trades without doing proper research or hold onto unsuccessful trades longer than i should. + +A few years ago i managed to get to $40000 once and i cashed some of it out and bought a nice computer and went on a holiday because i knew i would screw it up and lose it all. I was trading nervously at that point. + +Last year i gave up after a couple of weeks after a few stupid trades, cashed out and decided to come back later. + +Now this year i've been trading for two weeks and am doing well so far. I'm patient and thankful for any successful trade. I just don't know what's going to happen once i get to $10000 again. +Been trading for years now, a few accounts blown, but that was part of the lessons. Now, finally taking profits regularly, about 80-90% win rates, but been over analyzed the strategy between time frames due to fear of losing which caused to missed out some big pips, and stressful. If anyone is having similar problems, or anyone with suggestions, I'm open to listen. Thanks. +I am an economics graduate. I've always had problem understanding some aspects of forex. To make it all clear I want to ask some questions. +------ +Let's say, I live in the US, 1000 US dollars in my forex account, I have a list of currency pairs. + +1-Why do I have every kind of currency pairs? If my balance says I have 1000$ Why would I be interested in EUR/JPY? if I thought EUR would appreciate I would go to a bank and buy euros or buy EUR/USD pair. + +2-Lets say, I expect that EUR/JPY will go up meaning that EUR will appreciate against JPY. How does that happen in the background do I buy EUR selling JPY(I own only 1000 USD). +You'll remember FX Viper from this [post and mini-doc](https://www.reddit.com/r/Forex/comments/3nk5kn/day_trader_documentary_a_day_in_the_life_of_fx/?) a day in the life. Millionaire, big house, Tesla, trophy wife. + +But recently I saw this [real account performance](http://www.forexpeacearmy.com/forex_signals_performance/fx_viper/real) on Forex Peace Army. A complete and total melt down. After 111 weeks his account is -138.37% + +But then when I look on [myFXbook](http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112) it seems he's still up and fully profitable. + +What's going on here? How do we know what's really happened? Any experiences? +Okay so ive looked online and researched and found a marriot of ways to file. + +First heres my situation + +Im funded with some firms but after paying taxes i realized im getting 85% back from my firms of which 24-30% is being taxed from 1099 withdrawals which means for most of my first after IRS gets their share im making 50-60%?! + +That literally crushed me so i decided to start trading with my own capital and after saving 10k aside solely for trading i looked into taxes with non regulated brokers only to find outā€¦ they donā€™t provide 1099ā€™s.. makes sense i guess but now how do I pay? + +Ive found +1. 60/40 https://www.investopedia.com/articles/forex/09/forex-taxation-basics.asp + Essentially i can fill out the 1256 contract to be labeled as ā€œforex optionsā€ and or ā€œfuturesā€ where 60% of my net gains are taxed as long term trades and 40% are short term. + + Imo that sucks + +Theres also the 988 + +Spot forex traders are considered "988 traders" and can deduct all of their losses for the year. + +The issue for me is that all brokers dont give a nice printout like the prop firms do, instead they all just tell u to printout mt4 summaries. + +Now maybe the average guy might actually do that if they take <1k trades a year? +But i have an automated trading style that could literally do 1k a week.. + +So i decided maybe option 2? Crypto + +2. Deposit money into coinbase, then deposit that into the brokerage and withdrawal that also as crypto to my separate business bank acc and pay the 1099-b with crypto? + +But with that it raises the biggest issue with the irs + +ā€œWhat the fuck are u doing over thereā€ + +It looks illegal and im pretty sure ill get a notice in the mail eventually. + +So i wanna ask all of you, how the hell are you filing taxes and why on gods earth is this not talked about more?! + +EDIT 1: Thank you for the responses + +Ive found my answer; https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-do-i-report-section-988-forex-trading-losses/00/32959 + +This online line supports 988 but it also tells me EXACTLY how to file and also covers ways to file losses. Cheers; hopes this helps anyone who was confused as i was ā˜ŗļø + +EDIT 2: The turbo tax community are on it! https://ttlc.intuit.com/community/taxes/discussion/forex-tax-calculation-if-you-are-with-a-broker-that-doesnt-provide-1099-b-then-how-do-we-report/00/752244 +I want to day trade. I've searched online and I can only find prop firms where you pay to get tested on a demo account, and then they have some rules of admission which are hard to follow, but not unreasonably so IMO (max. 2%-3% drawdown and 5%-6% of profit before you are accepted). I'm talking about firms like Topsteptrader and Oneuptrader. + +I think I can surpass those requirements, although I'll need to test both my systems for a few more months before I reach any conclusions and try to get evaluated. + +That type of website seems like a great opportunity and I'd take right away if I had a stable job and such, but I'm a student (Europe) and I have very little money right now. + +Is there a prop firm that lets you in for free, even if they are much more restrictive than these ones in terms of their acceptance process? +Iā€™ve bought two different signal services in the past and regret both. The first one, I made some money at first but then it started to feel like he was just guessing his trades for some reason, as in not many of them made much sense and I was almost always at a loss and then took profit when I was up, but still, it went back to breakeven a lot of the time. The biggest thing is though, if the price goes back to breakeven, they donā€™t count it as breakeven. Thatā€™s why they have such high ā€œwin ratesā€. They basically tell you to make a trade and say its a sell on EURUSD, since that trade was made, they will count the very highest point the pair was at before a drop as the entry point (when it really wasnā€™t) and theyā€™ll count the very bottom as the exit point (when it really went back up a bit before TP message was sent out). So the weekly report will say something like ā€œ200 pips this pairā€ but really, I only made 0-100. + +This was the second group by the way. I stopped using the first one when I blew out my account because every single trade hit stop loss one day. He said ā€œdonā€™t worry we will make your account 1000000% by tomorrow this temporary situation brothersā€ +And then itā€™s the same type of deal the next day. I even messaged the first guy once and he did extend my membership because I blew out an account on his signals, and then I blew out another account with his signals. +Yes I was young and stupid. +So donā€™t be like me, itā€™s not as easy as copying other peopleā€™s trades to make money sadly +Hey All, + +I hope you had a great Xmas. + +So, Iā€™ve been trading Forex on a demo account for the past 9 months. At the start I didnā€™t have a clue what I was doing but after watching many YouTube videos and self-teaching, I think I now have a decent understanding of Forex. Last week I set up a new demo account with Ā£1000 and stuck to my strategy strictly. Iā€™ve grown the account within 1 week to Ā£1219.97 - An increase of almost 22%. + +So, my questions are: + +When should I go live? +How much should I start with when going live? +Any other bits of advice a relatively new trader would find helpful? + +Link: https://ibb.co/qDHbSRr + +Thanks. +For context I live in Tampa, a top 5 new housing market + +My (23F) boyfriend (21M) and I have been together for around 2.5 years. We moved in together around the 1 year mark to get out from our toxic families. +(Also important to note is that we are in an interracial relationship. Iā€™m black, heā€™s white) + +Moving on, my partnerā€™s family was notified that their trailer park is not renewing their lease. They were on a month to month lease, and only had 30 days to find new housing. They found a new place, wired the money over, and it turned out to be a scam. They lost their money and donā€™t have anymore. + +They were supposed to stay with a different family member, and that family member ā€œconveniently forgotā€ that she was selling her home soon and told them a week before they moved in that they couldnā€™t anymore. + +They turned to us for help, and we said yes. But now I really resent the whole thing. + +Thereā€™ll be 6 people squeezed in here plus 5 cats and 3 dogs. (Two dogs and 1 cat are mine/my boyfriendā€™s.) his younger sister and brother both dropped out of high school and just laze about the house playing video games and smoking weed. The brother refuses to get another job after he quit the first job that I personally got for him. The dad is on disability and doesnā€™t work, he just drinks beer and watches TV all day. The mom works 2 jobs on minimum wage and is gone from 6am-8pm daily. I also work full-time remotely and go to school full time. I need my time and space. + +I donā€™t do drugs, I play video games for fun but in moderation, Iā€™m in college about to finish my degree and start grad school after. + +I feel like a dick but I DO NOT want to deal with this. I made the right choices in life and I donā€™t want to be bogged down caring for the people that failed at life. Weā€™re really their last hope. Even the cheapest motels around us are $700+ a week. Plus theyā€™re supposed to stay with us ā€œshort-termā€ but their credit score is shitty and I know they have multiple evictions. So finding another rental in this market is slim. + +Iā€™m also worried that we can either charge them extra for their utilities usage or just eat the cost to get them out faster. Just for my boyfriend and I the bills were: + +Light: $180 month (Summer is brutal) +Water: $80-$130 month +Internet: $80 month +Groceries: $300 a month +Eating out: $250 month. +Plus whatever personal bills (car payment, loans) + +I fully expect the light and water bill to at least double. If the sibling game all day, Iā€™ll need higher internet speeds to compensate. Iā€™m literally crying thinking about the future grocery bills. + +The mom only makes around $1800. The Dad makes a couple hundred from social security. + +TL;DR: boyfriendā€™s family got evicted, they have to stay with us. I donā€™t like them staying with us. Not sure what to do. + +[Edit: we pulled out and did not purchase the home. I feel right about the decision] + +Hi all! We are in contract [but about to pull out] on an investment property that seems great for a airbnb. We [fiancee and i] have rental property experience. We have one air bnb pool house in our backyard, a rental property [single family home] and we live in a prosperous area of Texas [Austin]. The house we are in contract with has been used for Airbnb for years and has a track record of good profit margin. Its is also less than a mile from our residence, making it easy to manage. + +We are pretty set on not going through it is because of the fears of the economic set back due to Corona virus. We just had to postpone our honeymoon and wedding which was set for late April, and our office jobs are showing trends of extreme caution and potential work from home scenario. Our main annual event, SXSW, that brings millions to local economy was cancelled this week. + +Fiancee still says it's good to take risk while people are overly cautious and super scared. + +If family from abroad and from other US states are not coming to Austin, TX, who will anytime soon? We are super devastated and scared. Any thoughts? Ideas? Similar situations? +I'm living in NYC so there's no way I can afford to invest locally, so I will need to invest remotely. And if I do, it really doesn't make a difference to me if the property is 100 miles or 1000 miles away, therefore there are no restrictions for me in terms of location. With that said, I want to find the best areas to invest in nationally, so what are some resources that would allow me to locate areas with high appreciating, balanced markets? +Maybe this is something I have such a closed-minded view on, because I work for a bank and many of our real estate investor clients have trouble qualifying for mortgages as they purchase new properties, so they end up paying cash. Our bank is conservative on counting rental income, so the individual would usually have to have a rather large liquid balance sheet to qualify. So my question is, how are successful investors getting financing? I imagine there's better options than hard money loans these days. I understand that after obtaining properties under your personal name, people tend to lean towards LLCs, but that's even harder to show income and verification of assets under an LLC versus a personal balance sheet. I'm sure I'm missing something. My fiance and I want to start picking up rental properties but the financing aspect is a little concerning. + +Thanks! +I bought my house 5 years ago here in Cali with cash after selling a business I ran in my teens and early 20's. I never expected the price of it to go up so rapidly, but here I am years later and it's worth around 350k on the low end now. + +The market is absolutely nuts. My neighbor just sold his for 400k. He listed it for 375k. It sold in a week after he basically converted it into an auction. I want in on this. + +I have family in Tennessee who have been begging me to move over there for years. I've wanted to for the longest time since taxes here on this property are getting, frankly, really stupid. I also don't need anywhere near this much space, and have 0 interest in starting a family any time soon (married to my online job and all that), so I want something much smaller and more cozy with mountains and forests all around. I couldn't care less about restaurants, bars, clubs, beers with funny names, downtown culture, or whatever politics. I think this is finally a good excuse to just do it. + +The area I'm looking at has a lot of cheaper houses around the 100k range at 1000 sq ft. Absolutely perfect for me. My current one is 1800 sq ft and I only use my laundry room upstairs, the rest up there is just empty. Unfortunately the market is also ridiculous over there too, so finding a house I want to live in long-term has been challenging. + +So I'm considering this plan. Move over there and scoop up one of the more city oriented houses to live in while scouting for a more long-term house in the nearby mountains/forests, then renting out the one in the city. Maybe even picking up another rental so I can just chill and live off rental income while I go hike the appalchian trail. Something I've always wanted to do. + +How many reasons would this be a bad idea? I know absolutely nothing about renting and real estate investing other than throwing cash at my current house as a sort of pseudo bank account early on. +Have a feeling today could be bloody! As DFV would say "Hang in there" and RC would tell us "Buckle Up" + +The standard GME thesis is that a market correction will force shorts to close right, well be ready to embrace volatility. As the correction begins be ready for GME to play the same game and fall with the rest of the market. THEY WILL DO EVERYTHING to stay solvent and the last hurrah of shorting will come in. Once the dust begins to settle GME will go stratospheric, orbital, and intersteller as allllll those failed margin calls make the computers go BRRRRR. + +TA;DR BUY, HODL, Buckle Up, we're going for a ride. +I have seen the same post over and over on this sub, as well as others. Jp Morgan, citi group, all those banks not allowing that purchase of crypto with a credit card. + + +Im not scared by that. Why would i be? What scares me is the absolute chaos found in those comment sections by people who either aren't reading the title of the post, or just do not have the financial sense to differentiate between credit, and any other form of payment. + +Firstly, credit is NOT your money, it's money that the BANK is loaning to you. So stop freaking out and saying "THEY CAN'T TELL ME HOW TO SPEND MY MONEY!". They can however tell you no to a loan you are trying to take out to buy an extremely volatile asset. The fact that they ever let us use credit is actually astounding. + +Secondly, if you don't know how credit works, need credit to invest, or frankly are so financially illiterate that you actually got upset by those posts, YOU SHOULD NOT INVEST IN CRYPTO. You will be eaten alive, you will put money into the tron, verge, and bitconnect of the sector. And you will lose. + +And lastly, because I'm sure at least a percentage of people that freaked out DO in fact understand why they would revoke the PRIVILEGE of credit on an asset like crypto, I urge you to READ AND COMPREHEND. Not just the title, but at least the title. More people these days are getting 100% Of their news and info through headlines. I'm actually disgusted by it, as it makes our people as a whole entirely too malleable by the media. But for the love of fuck, AT LEAST READ THE ENTIRE TITLE, it says it right there, credit cards only. + + +Tldr: READ THE ENTIRE THING YOU LAZY FUCK, THIS IS WHY YOU ARE POOR. YOU GET SUCKERED INTO STUPID BY THE COMBINATION OF YOUR LAZY RESEARCH AND WELL CLICKBAITED HEADLINES! +Not talking about emergency funds here. I have a family friend who absolutely **refuses** to put her money anywhere other than his savings/chequing. I'm talking well over 80k. No plans for a downpayment or anything. He's been like this for years and is doing fine with his family. Just seems like a waste to me.. +Might be a weird question but what I mean by that is; do any companies give any discounts or unique benefits to shareholders that arenā€™t usually expected when investing? + +Would be cool if I could get 5% off a flight or something +I've made 58% return on Shopify. I generally buy stocks and with the plan to hold them long-term, but it looks like Shopify is at an all-time high. + +Would you sell now or hold it? +Not talking about emergency funds here. I have a family friend who absolutely **refuses** to put her money anywhere other than his savings/chequing. I'm talking well over 80k. No plans for a downpayment or anything. He's been like this for years and is doing fine with his family. Just seems like a waste to me.. +Is it a good time to buy [ENB.TO](https://ENB.TO) now ?I am new at investing, but I have been doing some research on Canadian companies and I stumbled upon [ENB.TO](https://ENB.TO), their last presentation looks promising. what do you guys think ? + +And what are your thoughts on oil/gas stocks overall? + +EDIT: Thank you all for the insight. I end up buying 200 shares of ENB. looking at the 5 years chart, it seems to me it can easily jump up to $55+/ share. Plus, they pay good dividends. +Hi friends and family of Reddit + +I AM ACTUALLY AUTISTIC. I HAVE ASPERGERS SYNDROME. THIS MAKES ME LITERALLY RETARDED. I TYPE LIKE A ROBOT. DEAL WITH IT. IF YOU CANT, DONT JOKE ABOUT AUTISTIC PEOPLE. God dammit I canā€™t believe I make one educational and informative post on this sub when I know the shills are driving home from work and canā€™t downvote it (yes I am that good fuckers- the USB computer running tails is already in the dumpster thatā€™s how retarded I am). + +To my true retarded ape family, even if you arenā€™t autistic like me- letā€™s have Diamond hands forever. + +I. AM. Never. SELLING. + +EDIT: I tracked on TOR the users commenting on my posts. Their accounts are less than one year old and only follow the GME related subs. Please ignore them. I WILL HAPPILY ANSWER QUESTIONS IF THEYRE DIRECT AND LITERAL. + +Edit: Thank you everyone :ā€™) There may be current information but I donā€™t know if I should upload this to Reddit im scared honestly. I found it accidentally. I just want to give my family a good life; I donā€™t want to be a bad ape. my fiancĆ© and I are so happy reading everyoneā€™s comments and replies both positive and negative feedback! Thank you for being part of our family and making us feel at home + +TLDR = I think I have found all the hedge funds' information they are required to file with the US Government that is not disclosed to the public because I'm autistic (legally). Also Melvin's executive attorney has been disbarred and I found the New York Final Decision by the BAR Assoc. declaration. Copypasta'd + +BANANAS = The actual context of this post is very informative, predictive, and educational. + +&#x200B; + +DISCLAIMER: + +This is not financial advice. This is a summary of information that I've compiled last night before the events that occurred in the American market today. Although my position of stating this is not financial advice may not be correct based on laws either mentioned or unmentioned; notwithstanding, I believe this post on this particular link and any post I have made on previous links to this subreddit to be adherent toward any mentioned or unmentioned law that implies, states, whether directly, indirectly, or any other unspecified faucet that this post and any other post to [Reddit.com](https://Reddit.com) and any of its forums, databases, or any of Reddit.com 's entities, affiliates, or any forum herein and hereto declare that THIS IS NOT FINANCIAL ADVICE AND I AM IN COMPLETE COMPLIANCE TO LAW BY SHARING THIS INFORMATION. This is strictly for informational purposes. + +&#x200B; + +Ladies, gentlemen, apes, bonobos, hominid, and all of my primate family + +&#x200B; + +I'm GWG, I'm actually autistic (if we ever chat one on one, which please message me, you will see this) and here are the bananas + +&#x200B; + +Yesterday evening after work, I was expecting the market to move in a large manner as I work in tax accounting and I have a good understanding of what gets filed by whom or what individual or entity and by what date it must be filed vs disclosed to the public. + +&#x200B; + +I'm an avid TOR user because I like onions - they make my breath smell good. I found this interesting bit of .xml on TOR and I became curious. XML is the format in which you must e-file (upload your stuff, for my apes <3) to the regulatory bodies. I was skeptical because it came from TOR. The site provided the xml files that companies upload to the SEC even though they are not disclosed to the public. I shared this information with you all; it was downvoted to oblivion. To the one person who left me Gold, when I get my lambo I will give it to you. I don't care about money or anything like that. I only care about equality and justice. What I saw was not justice. + +I'm too stupid to figure out how to attach files to Reddit posts so I will just share the information with you. Heres the xml in html reported by Melvin to the SEC. Its not hard to read my apes; just ignore the special characters :) \*\*\* any type I type "..." I have removed information as the text is thousands of characters. Also this is their test submission; when you upload to the SEC or IRS you want to do a test; you don't want to file the wrong info if you're a public company or worth trillions. Yes it says test; yes this is normal. Stating this because I know there will be confusion. + +THREE PARTS STARTING NOW: + +&#x200B; + +1/3 - SHOWS IT WAS REPORTED TO THE SEC AS A TEST: LIVE TEST FLAGGED MEANING CONNECTION = TRUE! + +<sequence>1 + +<filename>primary\_doc.xml + +<text> + + +<xml> + + +<!--?xml version="1.0" encoding="UTF-8"?--> + + +<edgarsubmission xsi:schemalocation="\[http://www.sec.report/edgar/thirteenffiler\](http://www.sec.report/edgar/thirteenffiler) eis\\\_13F\\\_Filer.xsd" xmlns="\[http://www.sec.gov/edgar/thirteenffiler\](http://www.sec.gov/edgar/thirteenffiler)" xmlns:ns1="\[http://www.sec.gov/edgar/common\](http://www.sec.gov/edgar/common)" xmlns:xsi="\[http://www.w3.org/2001/XMLSchema-instance\](http://www.w3.org/2001/XMLSchema-instance)"> + + + <headerdata> + + +<submissiontype>13F-HR</submissiontype> + +<filerinfo> + + +<livetestflag>LIVE</livetestflag> + +&#x200B; + +2/3 COMPANY INFO: YES I KNOW ITS SEPTEMBER BUT THEY ARE A FISCAL YEAR COMPANY THIS IS NORMAL. THEY DONT HAVE TO DISCLOSE THEIR HOLDINGS NUMBERS ON HOLDINGS REPORTS TO THE PUBLIC ONLY TO THE SEC. WELL HERE IS IS FOLKS (jk, see 3/3 - suspense is beautiful) + +<formdata> + + +<coverpage> + + +<reportcalendarorquarter>09-30-2020</reportcalendarorquarter> + +<isamendment>false</isamendment> + +<filingmanager> + + +<name>Melvin Capital Management LP</name> + +<address> + + +<ns1:street1>535 Madison Avenue - 22nd Floor</ns1:street1> + +<ns1:city>New York</ns1:city> + +<ns1:stateorcountry>NY</ns1:stateorcountry> + +<ns1:zipcode>10022</ns1:zipcode> + +</address> + + +</filingmanager> + + +<reporttype>13F HOLDINGS REPORT</reporttype> + +<form13ffilenumber>028-16643</form13ffilenumber> + +<provideinfoforinstruction5>N</provideinfoforinstruction5> + +</coverpage> + + +<signatureblock> + + +<name>Evan Cohen</name> + +<title>Chief Compliance Officer</title> + + +<phone>212-373-1275</phone> + +<signature>/s/ Evan Cohen</signature> + +<city>New York</city> + +<stateorcountry>NY</stateorcountry> + +<signaturedate>11-16-2020</signaturedate> + +</signatureblock> + + +<summarypage> + + +<otherincludedmanagerscount>0</otherincludedmanagerscount> + +<tableentrytotal>86</tableentrytotal> + +<tablevaluetotal>20050744</tablevaluetotal> + +</summarypage> + + + </formdata> + + +</edgarsubmission> + + +&#x200B; + +3/3 POSITIONS IN GAMESTOP CORP - yes. what you've all been waiting for + +&#x200B; + + <infotable> + + +<nameofissuer>GAMESTOP CORP NEW</nameofissuer> + +<titleofclass>CL A</titleofclass> + +<cusip>36467W109</cusip> + +***<value>55080</value>*** + +<shrsorprnamt> + + +<sshprnamt>5400000</sshprnamt> + +<sshprnamttype>SH</sshprnamttype> + +</shrsorprnamt> + + +***<putcall>Put</putcall>*** + +<investmentdiscretion>SOLE</investmentdiscretion> + +***<votingauthority>*** + +***<sole>5400000</sole>*** + +***<shared>0</shared>*** + +***<none>0</none>*** + +***</votingauthority>*** + + </infotable> + + +&#x200B; + +I want to celebrate my cake day with the people ā™„ Thank you all so much for keeping each other strong. I hope I can build my fiance and future wife a wonderful home. She has always wanted a garden. Thank you for helping us make this come true + +&#x200B; + +Robert's failed quest? [https://sec.report/Document/0000905718-21-000423/](https://sec.report/Document/0000905718-21-000423/) + +&#x200B; + +"Per Curiam. + +&#x200B; + +Robert Rasamny has submitted an affidavit, dated June 26, 1998, wherein he tenders his resignation as an attorney and counselor-at-law pursuant to 22 NYCRR 691.9. Mr. Rasamny was admitted to the practice of law by the Appellate Division of the Supreme Court in the First Judicial Department on January 26, 1976. + +&#x200B; + +\*\*\[250 A.D.2d 93\]\*\*Mr. Rasamny is aware that he is the subject of a pending investigation by the Grievance Committee for the Ninth Judicial District based upon his conviction in the State of Michigan Circuit Court, Oakland County, on October 8, 1996, for selling unregistered securities. He was sentenced to five years' probation and court-ordered restitution. Mr. Rasamny submits that the aforesaid crime is a felony in the State of Michigan and, therefore, a serious crime in New York, within the meaning of Judiciary Law Ā§ 90 (4) (d) and 22 NYCRR 691.7 (b). He also concedes that he failed to file the record of his conviction with this Court, as required by Judiciary Law Ā§ 90 (4) (c). + +&#x200B; + +Mr. Rasamny acknowledges that he could not successfully defend himself on the merits against any charges predicated upon the allegations under investigation. He avers that his resignation is voluntary, free from coercion and duress, and that he is fully aware of the implications of its submission. + +&#x200B; + +Mr. Rasamny is aware that the Court, in any order permitting him to resign, could require him to make monetary restitution to any persons whose money or property was misappropriated or misapplied, or to reimburse the Lawyers' Fund for Client Protection for the same. Mr. Rasamny is further aware that any order issued pursuant to Judiciary Law Ā§ 90 (6-a) could be entered as a civil judgment against him. Furthermore, he specifically waives the opportunity afforded him by Judiciary Law Ā§ 90 (6-a) (f) to be heard in opposition thereto. + +&#x200B; + +The Grievance Committee urges acceptance of the proffered resignation. + +&#x200B; + +Inasmuch as Mr. Rasamny's resignation complies with all pertinent Court rules, it is accepted and directed to be filed. Accordingly, Robert Rasamny is disbarred, and his name is stricken from the roll of attorneys and counselors-at-law. + +&#x200B; + +Ordered that the resignation of Robert Rasamny is accepted and directed to be filed; and it is further, + +&#x200B; + +Ordered that pursuant to Judiciary Law Ā§ 90, effective immediately, Robert Rasamny is disbarred, and his name is stricken from the roll of attorneys and counselors-at-law; and it is further, + +&#x200B; + +Ordered that Robert Rasamny shall promptly comply with this Court's rules governing the conduct of disbarred, suspended and resigned attorneys (22 NYCRR 691.10); and it is further, + +&#x200B; + +Ordered that pursuant to Judiciary Law Ā§ 90, effective immediately, Robert Rasamny is commanded to desist and refrain from (1) practicing law in any form, either as principal or as agent, clerk or employee of another, (2) appearing as an attorney or counselor-at-law before any court, Judge, Justice, board, commission or other public authority, (3) giving to another an opinion as to the law or its application or any advice in relation thereto, and (4) holding himself out in any way as an attorney and counselor-at-law." + +&#x200B; + +Mods; I encourage you to provide feedback. I am just sharing info. + +&#x200B; + +&#x200B; + +I want to thank you in advance for reading. Link to op in comments. I'll post later. I need to take a shower and probably eat some food and hug my wife +I'm breaking my lease because of an ongoing noise coming from the water pipes in my apartment. The noise occurs randomly at least 20 times throughout the day and night, and is measured way above the legal noise limit according to my city's police code. I've reached out to building management/maintainance so many times over the past 6 months (with audio and video recordings), but they only responded twice and didn't do anything to fix it. I gave my notice to move out by the end of month, saying they did not meet their obligation to investigate/fix the issue and the unit is not habitable which breaches the lease. The landlord is asking me to pay a fee of two months' rent to break the lease + other promotion fees back (total is around $13k). But I don't feel like I should have to pay it if they can't provide an inhabitable living space, right? I sent them a letter explaining all the legal codes and they straight up denied the existence of the noise and said I still have to pay the fees. It's a big corporation apartment company. Will they send my fees to collection? What could I do when that happens? + +Edit 1: I'm in California. +Here's the thing: the world operates on fiat right now. You cannot put food on the table using crypto as currency (yet, in 99% of places). I'm willing to bet most people on here saying they are invested and "fiat broke" aren't actually in that situation and just use that terminology to say they can't invest any more, and that's fine. But for the 1 person reading this who IS (somewhat deeply) invested in crypto and is literally fiat broke, you are overleveraged. + +We love to make our jokes and memes, but if you literally cannot put food on the table because of crypto, then you are not feeding an investment, you're feeding an addiction. Now, to make sure this message isn't misconstrued, this isn't to say "poor people shouldn't invest in crypto." This is to say "put food on your and your family's plates, THEN invest in crypto". + +Be smart. Because you can't eat a Bitcoin. At least I hope not. +Made 93.85%+ out of my 284$ first wheeling experience selling covered calls , I would say I got very lucky and now sitting on 550$ . +Had my best trade on theta gang strategies , even when it went down I was up 5% so looking to wheel another stock if MFA doesn't give me some good premiums . Any suggestions? I would say UCO is the best pick I've found by now. +Haven't seen red since joined the almighty theta gang . +I forget how I found this sub, probably linked off a post on WSB. + +I'll talk in percentages because I believe my 'method' would work for accounts from $5k to seven figure accounts. + +At any rate, my option portfolio is about 15% of my overall investment portfolio. + +I settled 2.01% in trades over the past month, I have another 11.7% in money I've taken in, but not settled (open CSPs, CCs, etc.). Currently, 68% of my money is being used to cover CSPs and I recently opened a LEAP to sell PMCC against which is taking up 11% of my portfolio. Currently sitting on 21% cash. + +I've done the best on credit spreads for earnings (been right 4 of 5 times, and the time I was wrong I failed to fill my order -- 3 for 3 on filled orders, and 1 for 2 on orders that failed to fill). I'm 0 for 1 on ICs. + +I'm currently rolling out on a bunch of travel CSPs I opened earlier this month which has eaten into settled cash, but added to unsettled cash. + +I had an aggressive goal this month, which I missed, but if I could do 2% every month, I'd be plenty happy. + +14 settled trades (6 losers, mostly rolled out to later strikes except for that IC), I've sold 13 different put positions and yet to be assigned. 8 unsettled trades (including 6 CSPs). + +13 puts sold, 3 CC sold, 1 ICs, 3 credit spreads, 1 LEAP purchased, and went long on one stock to sell CCs. + +&#x200B; + +TLDR: I've banked 2.01% in closed trades. I have another 11.7% I've received in trades yet to close. +Hey all, last week I had a 36.00 MGM covered call that expired in the money but my shares were not called away. As of today I still own those MGM shares. Has this happened to any of you? Why would OCC or whoever not take assignment on an option they clearly profited from? + +Edit: As of market open I was able to close my position at 38.00, here's proof: https://imgur.com/eUV9dFO +Before the weekend I made [this](https://www.reddit.com/r/thetagang/comments/lj2257/update_on_gme_wheel_where_premiums_are_still_phat/) update on my recent Gamestop wheel. This morning I managed to collect some decent premium. I was assigned my 400 shares of GME at $60 which I am very happy about. My cost basis on these shares is $50.42 which is right about where it's trading at as I'm typing this. + +I want to keep some shares so I only sold 2 calls exp 2/19 strike $60. Each sold for $2.51 so I collected just a hair over $500 in premiums. + +I'm also willing to increase my position from here as the price drops, so I also sold 2 puts exp 2/19 strike $50. These sold for $3.25 each, yielding $650 in premium. + +If GME trades sideways this week, all the premium is mine. If it goes down, I buy more, If it goes up, I sell out half of my current position. + +This is an absolute win in my book. + +Total premium collected on GME since I started 2/5: $6481.22 + +Total collateral has been upped to $34,000 with the new 10k at risk with the puts sold today. + +\*disclaimer if you're new: This is a very high risk wheel. GME is still very much in meme stock territory, and while premiums are high, there is a reason for that. An expectation of high volatility. That doesn't mean it will be highly volatile, but let's be honest, this rollercoaster ride ain't over yet.\* + +P.S. Some of you may shit on my accounting method because \*technically I used the premium to buy the shares at the high assigned strike!\* well, not in by book, because I'm not selling the shares below my assignment strike price. $60 or nothing for my current shares, take it or leave it. I won't miss the capital so I'm not selling at a loss when I fundamentally value the company far above its current market cap. +Been trading for about a year and overall Iā€™m up ~15k on a 40k account. I would consider it a hard earned profit, all theta gang. I fell into a stupid trap today. If anybody that uses robinhood understands this please chime in. It doesnā€™t get any dumber than this but greed took over. I simply glanced at the daily movers category and happened to see BTX on fire and up by, at that time, 110% on the day. I took 10k and tossed it in hoping to ride up an easy gain. It almost immediately turned against me and I watch it fall until I lost about 800$ and it never recovered. I get it can happen to anyone and itā€™s not the end of the world, but gawd damn I feel like punching myself in the head for being so dumb. This was FOMO. Anybody ever had this happen to them? If so, any advice? +First of all, this is a thank-you post to this community. I finished paying off the last of my debt in mid February so I missed the March crash (besides my 401k contributions from previous job) and mostly missed the recovery as well. But, I found WSB. + +I was mostly there for the memes, and I never bet on FD's, but I was convinced that I could be the stock picker that outperformed the market (and I did, slightly, if you don't consider the tax implications of all my trades, so I didn't) + +I was distracted at work and I was staying up too late reading Seeking Alpha articles until my eyes hurt. It was fun, but it was also destructive, and I found myself absolutely glued to my phone checking ticker prices. + +Then I found out about Theta gang + +I sold all of my individually picked stocks and bought MSFT(100 shares) and Apple(200 shares). + +I've been selling CCs at about a delta of 30 + +My plan is to hold these stocks for years and years and just collect premium on the side, rolling out any time a sudden surge gets too close to my strike price + +I plan to buy Dollar General next, followed by McDonalds and Visa, and continue the pattern. I'm planning to buy and hold for at least a year for any stock I buy, while selling OTM CCs for the premium, and rolling out contracts that might get exercised. + +It's been working out fantastically so far (small sample size) and more than anything, it's great for my mental health. A small pool of companies I really believe in, a great way to juice my returns, the same tax advantages of buying and holding, and no more obsessively checking my phone + +So thank you to everyone here, for helping me find a strategy that is helping me beat my previous returns quite handily, while providing far more peace of mind. This sub has been a blessing + +And before someone comments saying I shouldn't be selling options on 100% of my portfolio, please keep in mind that my current portfolio is only slightly more than half of my yearly post-tax take home pay, and I am maxing out my 401k where I do not play with options. At my age, this early into investing, I have a pretty large risk tolerance +I have a 30k account and Iā€™m done with wsb yolo days. My heart canā€™t take it anymore. I would like to hear your thoughts: BA seems to be offering the ā€œbestā€ credit for CSP at 0.2 delta. Itā€™s currently at around 130ish and is offering nearly same premium from that of $APPL (same delta). Am I missing something here? Doing the wheel on $BA seems like a no brainer at this moment due to the premium. Another choice I had was $DIS. Much smaller premium compared to BA but a much more solid company. Feedback and other stock suggestions are welcome. +Hello all, + +Last time I asked a question about when the best time to roll CC's was I received some interesting feedback. I have decided to run some numbers on a couple various underlyings to see what I could determine from using just data. I am still trying to determine best how to utilize this data, but I figured I would share the results with you all so we can all benefit. I set out to answer some of my own questions. + +So first question: When do I get the most delta benefit from rolling covered calls? + + + +https://preview.redd.it/txruy1tb16r61.png?width=1191&format=png&auto=webp&s=02cc9dc1e501fe7fd8ded3965c3a40eb3b059a23 + +The above graph confirms what most of us know based on intrinsic and extrinsic value. As you get closer to expiration the amount of delta you can increase your covered call by rolling 2 weeks (assuming no change in premium) increases. This graph also shows us an interesting trend, as you pass the 0.7 delta region the amount of return you get from rolling is less and less as you get further ITM. Basically you are fighting a losing battle and it will be harder to roll out of the money over time as you get deeper in the 0.7 region. So from this what I gather is that it is normally best to wait as long as possible to let the theta decay do its thing but if you approach 0.7 delta and it appears that it might keep climbing you should probably roll before you get less delta return from your roll. + +&#x200B; + +Second Question: When is the best time to roll to push increase my strike price the most (very similar to the first question, just looking at a different variable). + +&#x200B; + +&#x200B; + +https://preview.redd.it/jgw4l2em26r61.png?width=1002&format=png&auto=webp&s=1459d57c76671b24adda3764f8d96bf309f7b9f0 + +Again it is as expected. As you get closer to expiration you will get more bang for your buck by rolling. Interestingly though, as you get closer to ATM/ITM you approach a linear relationship, showing there is no peak delta to roll from (other than being way OTM and you have already let the CC burn off its extrinsic value). So what I really think you need to be worried about is the amount of delta you can gain by rolling vice the raw strike price you increase it by. + +&#x200B; + +Question 3: If we assume the best time to roll is 7 days or closer to expiration, how does IV affect the increase in delta when rolling? + +&#x200B; + +https://preview.redd.it/07q4sgil36r61.png?width=1084&format=png&auto=webp&s=5bcdfed188b88d5c39cc974eeb07a340c8032f22 + +This one is a bit messier and also a bit less expected. The three underlyings I used were SPY, ARKK, and PLTR. As they had fairly decent liquidity and ranged from conservative, moderate and high IV. We can see that rolling lower IV stocks actually will be easier to do for consistant gains as you get more delta returned from your roll then higher IV stocks. I admit that PLTR's data is a bit all over the place but it never exceeds SPY except when it is <0.3 and only barely. I may crunch some numbers on other 70% IV stocks and plug them in and see where they stand to confirm data here. This also has some implications for opening Diagonal or Calander Spreads, but since I dont really do that kind of option play except for the brief moment I roll I wont spend too much time investigating that one. + +Now I know there are some other discussions to be had on how far to roll. But I think that has to be determined for each roll. Did the underlying just moon because of some unusual event? Is it sitting high in channel? etc. I think there has been enough studies on theta decay for the 0.2-0.3 delta from 45-30 days region being the best so I wont beat a dead horse on that one. + +If anyone has different opinions on what the data is saying or has other insights on rolling CCs I would love to hear it. +I know this may fall outside the core theta strategies discussed frequently here but Iā€™m curious about some options strategies that can more effectively do this with perhaps less directionality than writing CCs to fund long puts. + +The thesis being 3 & 4+ standard deviation moves are more likely in this environment than probability and standard models suggest. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep bragging to a minimum; remember every dollar you make is a dollar someone else lost. +Anyone with a little perspective will have noticed that crypto is a series of bubbles. Bitcoin bubbles in its firsts years of life were pretty small and fueled basically by nerds, weirdos and lurkers of the internet. Those days the daily volume wasn't even half a million (today: $5,000,000,000). We were only a handful of freaks buying and selling Bitcoin but that wasn't an obstacle for Bitcoin to form bubbles. As Bitcoin reached greater audiences the price increased, reached a new stratum and keep on forming new bubbles. +&nbsp; + +Back to these days. In the bubble we've just seen last December were involved not only a few freaks but also a slice of the mainstream, a small slice. This bubble was fueled basically by millenials, young people, I'm going to take a wild guess here but I'd say the 80% of owners of cryptocurrencies are under 35. In December cryptocurrencies were already easily accesible and easy to buy (hence the spike), but it was actually not so easy for non-millenials and older people. Despite this, exchanges were overwhelmed by massive hordes of new clients, crypto-related subreddits exploded, crypto debates in tv, crypto everywhere, everybody went crazy... and that's what happens when you set foot on mainstream. I want you to focus on the spike that happened in the last November-December fueled by millenials. +&nbsp; + +Some people say that after this correction that we're suffering there's no money left in the world to be put in crypto markets. But they're wrong, and if they get rid of their holdings they're going to miss out the biggest increase in price ever seen in crypto, and we would have to see suicide posts again but not because of a crash, but because of people who missed out and threw away the chance of their life. There's another stage ahead and we're heading to it. The next stage is where institutional money jump on board and renowned investors as well as innovative banks will lead the way. +&nbsp; + + +Reputable investment funds will incorporate crypto to their portfolio, spreading the trend to another investsment funds. Banks will start offering crypto related products and crypto investment advice to their clients, just as they're doing now with stocks, forex or pension plans. Exchanges will start to become more professionally managed. More bank-friendly. Institution-friendly. SBI virtual currencies is evidence of this. Even the feared regulations will play in our favor, cleaning up uncertainty and setting crystal clear rules. All these points combined are the flood gates. +&nbsp; + +This is going to get really huge guys. 20 trillion market cap, as someone predicted, is not crazy at all, and remember these wise words: *Once the flood gates are openedā€¦ all hell will break loose*. Which basically means, another crypto bubble is yet to come fueled by the whole financial system. You've been warned on June 2018. +&nbsp; + +Hey there bitches. It's the weekend now, so all we're going to hear for the next two fucking days is gay bear prayer threads, Weekend Dow, wuflu end of the world shit and for the coup de grace is my gayass SPY position going to print. + +Let me tell you now, fuck no. Monday is going to be green as fuck. Dildos launching to fucking Mars. Always inverse WSB retards for tendies. + +Here's why: + +* Fed's going to print unlimited tendies +* Boomers holding cash on the sidelines will enter knowing the power of the fed has their backs +* Bill got signed and checks and bailouts will be reinvested into local business and stonks +* Trump's bitch is the market and JPow too +* NY has enough vents now (their asses forgot about the delivery from the feds which was stuck in a warehouse) +* The wuflu is just a fucking flu +* China has 0 new cases + +Monday is going to be a fucking blood bath for you bear fuckers. Get your assholes ready. + +tl;dr Motherfucking green Monday, biatch + +SPY 3/31 250P, 255P, 4/17 220P, 5/15 200P +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 all, I could use some advise. + +I currently have a dual role. Iā€™m literally working my ass off. Thereā€™s two of us that are holding this specific position and Iā€™ve come to learn that we are paid 15% less than the other associates who are holding a single role. Last year, it was 25% less than they earned. + +I donā€™t think this has anything to do with experience. The other individual has around 20 years experience and Iā€™m pretty new. Weā€™re both being taken advantage of it seems. + +I sat down yesterday and ran the figures and it appears that with a lower base salary in 2019, I made more holding a single role with less responsibility than I did in 2020 with that same role as well as a secondary role with a significant amount of responsibility and a bump in base pay. + +I have a meeting on Monday to discuss. This year I was given a slight bump in base pay and a bump in my incentive for hitting target but again, Iā€™m making 15% less than my other colleagues. + +Is there anything specific youā€™d suggest pointing out to solidify why this is blatantly wrong to articulate a bigger bump in pay? Weā€™ve been told to not discuss salary with one another so Iā€™m not sure how to get around that... +Why does it take 13 revolutions around the sun to deposit money in to your SelfWealth account? +u/SelfWealthAus Will depositing from an ANZ account be quicker? +Like I said 2 days ago! There was a lot of expectation and thatā€™s why is down AH. + +They missed DAU by 1 million. Negative cash flow and no guidance! + +People are literally at home for the past 3 months and they missed their daily active users? Thatā€™s pathetic lol +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. + +I usually donā€™t post just comment but Iā€™ve been seeing already 3-4 Not buying GME in O tober, I will stop buying GME for now, save your money! Posts. + +Seems not having buy pressure in October is important for someoneā€¦ looking at you Mayoboy! + +Well, me personally Iā€™m gonna switch to one meal a day and DRS some more as I can. NFA, use your own regarded brain to decide! + + +Photo: my latest europoor grind. Fun fact due to inflation thatā€™s just the price of 10 beers I will not be drinking. +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. + +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. + +Would you separate it into functions like IB, AM, WM, Corporate, Accounting etc. or by just techniques like Valuation, Accounting or by some other metric? Would you include even things like Financial News as a separate category? Or soft skills? + +Just curious on your thoughts (second year analyst here). +From Variant Perception- not sure how to include the charts + +One tool that many people have historically used is the yield curve. A yield curve inversion has happened before every recession in the U.S. going back to the 1960s. + +So, all we have to do is wait for the next inversion right? We will show that a yield curve inversion is neither a necessary nor a sufficient reason for there to be a recession, but as a single, standalone indicator for recessions, it has no better. + +### BACKGROUND: + +The yield curve plots the interest rates of similar debt instruments at different maturities. It is often represented by subtracting a long-term bond from a short-term bond, for example, the 10-year Treasury note minus the 3-month Treasury bill, as in the above chart. + +The yield curve is typically upward sloping/positive because borrowers require higher interest rates for locking up their money for a longer period of time. However, on occasion the interest rate on longer-term bonds can fall below the interest rates of shorter-term bonds. This is called a yield curve inversion. + +### U.S. HISTORY + +While the yield curve has inverted before every US recession since 1960, there were actually five consecutive recessions from 1935 to 1960 where the yield curve did not invert beforehand. + +While this shows that a yield curve inversion doesnā€™t always precede a recession, this doesnā€™t invalidate the more recent predictive power of an inverted yield curve. + +### INTERNATIONAL LESSONS + +The yield curve is more predictive of recessions in some countries than others. While you see false positives in some countries (especially the UK), a yield curve inversion has typically occurred before recessions in other major countries as well since 1970. + +Notably though, the yield curve hasnā€™t inverted before recessions in Japan since 1991. + +It is likely not a coincidence that the lack of yield curve inversions coincided with Japanā€™s Zero Interest-Rate Policy (ZIRP). + +This brings us back to the US, which has held interest rates near zero since the financial crisis. We shouldnā€™t be surprised then if the yield curve doesnā€™t invert before the next recession. Also, if you look back at the second chart, the yield curve didnā€™t invert in the U.S. in the 30s, 40s or 50s when short-term rates were held low. + +A yield curve inversion is neither necessary nor sufficient before a recession. It is less likely to occur when short-term rates are low. Nonetheless, if the yield curve did invert, investors should be far more alert to the possibility a recession is as little as 6 months away. + +### CONCLUSION: + +The yield curve is less likely to invert before the next US recession given low rates. Thatā€™s why itā€™s important to look at a constellation of inputs when attempting to forecast the next recession. + + +Source: [https://www.variantperception.com/2018/06/13/will-there-be-a-yield-curve-inversion-before-the-next-recession/](https://www.variantperception.com/2018/06/13/will-there-be-a-yield-curve-inversion-before-the-next-recession/) +I took out the marketing language, but here's their Understanding Recessions white paper linked to at the end of the article: http://pages.variantperception.com/LP-Recessions_wprequest.html +Just scanned yahoo: + +Yahoo financy say they have 122B in debt. While they have 63B in cash, that seems kinda low compared to Microsoft (130B, pre ATVI) and Google (140B). + +They didnt any crazy aquisitions im aware of... +My wife and I bought a house at the sherrifā€™s auction January 2020 with a secured loan from the bank. We recieved the deed from the sherrifā€™s auction. We began to fix the house up. Consisting up tearing up flooring, replacing windows, painting the entire house, fixing walls and ceilings. When we went to get the abstract we found out there was a second lien on the property not disclosed when purchased at the auction. + +We got a lawyer and the lawyer attempted to contact the bank with the second lien. The bank could not find any loan for this property. A couple of months later we have a guy walk in the house to inspect and change the house locks. We continued to work on the house with the okay from the lawyer. Another notice was left on our house detailing it was empty. Our lawyer said to continue working on the house and it will just take time. This went on for an entire year. + +About last month we get notified from bank 2 that we either pay the second lien that is owed or they will take the house and put it back on the sheriffā€™s auction. The amount owed is around $114,000 not including the loan we already have of the house. Our options came down to paying bank 2 to go away or have the house taken. We attempted to negotiate and offered 50k. Bank 2 gave no response and told us they will be putting it in the auction soon. My wife and I decided to offer 100k and was turned down by bank 2. It was reported by our lawyer that bank 2 said they were going to be putting it on the auction again because they can get more money. Our options come down to continuing to negotiate with the bank in hopes theyā€™ll go away or lose the house and continue to pay a house loan for no house. Our offer of 100k was already pushing it so at this point weā€™re out of options. My goal is to bring awareness and help other people not get in this same situation. I am currently working on a video that details all of this along with before and after pictures/videos of the house. + +Thank you for reading. + +Edit. Added one more sentence to the TLDR + +Edit2: this happend in Iowa,USA. My mother law in law took out the secured loan then it was going to be switched to my wife and I after we fix up the house. This ā€œplanā€ was recommended to use by our bank who gave us the secured loan. + +Edit 3: currently at work but iā€™ll try and answer you guys as soon as I can and provide more info. + +Edit 4: I used the word ā€œmortgage ā€œ but itā€™s not. Iā€™m not very knowledgeable in this area. To clarify my mil got a secured loan from the bank using her house as collateral as recommended by our bank. After we fixed the house some, the loan would then be transferred to my wife and I. We would then start a mortgage. + +Edit 5- anyone know a good place to upload our before and after video? Some expressed wanting to see it but I donā€™t believe I can include it in this sub. + +Edit 6- Some have pointed out Iowa does not have title insurance. My mil has looked into other real estate lawyers and has had no luck. + +Edit7- The video is now live. https://www.youtube.com/watch?v=qApAx9McdG0 + +TLDR: Bought a house on sheriff's auction that needed a lot of work. Worked on the house after we bought it. Found out months later there was a second lien. Bank will be taking our house due to failure to pay for second lien ($110,000+) from previous owners that was undisclosed when we bought it. We will have to continue paying for a mortgage for no house. DON'T SKIP OUT ON TITLE INSURANCE! +I'd like to share my personal learnings with people who want to pursue this path. + +My wife and I just had a conversation to reset our guidepost (fatFire) to $5M. And we expect to hit this mark in the next 2-3 years. My current net worth is about $3M. To set the expectation right. My (and my wife's) hometown is in a VLCOL area, or at least LCOL where most families can get buy around \~$40k a year. We plan to move back to my hometown and live with our parents when they are still healthy. We both agreed that 3M is enough (but not enough to travel whenever we want). + +We agreed that $3M is "FIRE" but not "fatFIRE". I'm in my early 40s, and I (seriously) started my FIRE journey about 2-3 years ago. I never intend to change the way I live -- I believe my life principles are already FIRE-oriented even I did not know it since my first job ... What a coincidence. + +Note, it doesn't mean that my "tips or reflections" work for you. They could be very wrong, but they are my own "stories" on my principles. There could be another (or a better) principle but I don't have a mentor in my family or friend so I have to find all these myself. + +Here are some reflections and if you are in your 20s-30s. I hope these thoughts help you in some way. (Either I'm being right or wrong LOL) + +**Buy a house with a mortgage early on** + +I am currently living in a big city (VHCOL). I did not buy a house that most people do (3B/2B). Instead, I bought a small place with 2B/1B in early 2010s. 2B/1B is in no way a standard, but it's more than enough to survive or somewhat cozy. My parents in the early 2010s kept telling me why I should wait -- because I tried to borrow money from them for the downpayment. I'm glad I was firm on this decision. + +Inside my head: my wife and I had moved from place to place and at the moment what we want is just a place to build a family. We bought a house because we had a young toddler. Moving becomes harder and harder. + +We literally borrowed 90%, where 10% are family funds. We repay our family in 1-2 years quickly as they are our parent's savings. My father once told me that they did not expect me to pay back but I told him that "when I said borrow, I meant it." + +Of course, looking back, the timing we bought the house is really a low point. But that's not the right reason I said you should buy a house (don't time the market). As a young professional, this is the easiest way for you to use leverage. And it's safe leverage because generally speaking, the government is on your side. We borrow at a high-interest rate but we have refinanced it many times. I'm being very conservative so I always choose 30yr fixed. Even that, eventually I got a very good deal 2.75% in 2020. Refinance is a blessing. + +If you can get something at 2.X % interest rate, it's probably close to the average inflation rate :) + +This decision gave me some tax benefits (to deduct mortgage), and forced me to save money consciously -- I hate the feeling of in debt. While the return on houses is not high, it's a highly leveraged investment so even 4% CAGR of appreciation becomes 15-20% ROI due to 5x (20% down payment). + +It's subjective. To me, the feeling of homeownership is/was so so so good. I probably would make more if I put my money on the stock market, so I won't call this is really the best move. But an emotional benefit is hard to quantify. + +*This is not always the best choice, but it's not a bad choice IMO.* + +**Marry the right person and have the right values** + +This is very very important and probably the best investment. I think the best way to be miserable is to deal with divorce. I have seen many divorces in my family and friend circles. I do believe my wife deserves 50% of my wealth even I am the one who put bread on the table. Jobs can be stressful and she is always there when I need her, and she takes care of the family so I never have to worry about anything at home. And most importantly, we share many values and support each other. + +Even today I am making $2-3m a year, our life does not change too much. We still use a coupon to buy sandwiches in a subway, my desk is 10+ years old bought from Ikea for about $100. Well, we do have an upgrade -- we use to only have one mattress and sleep on the floor (no box, no bed-frame). We bought a $79 metal bed frame so it feels more like a bed now. All my clothes are from ROSS or COSTCO or outlets during big holiday sales. + +We spent some money on travel but our travel budget is always 3-4% of our annual income. We had lots of fun while staying cheap -- we use credit card miles I accumulated at jobs to fly business class. We use Priceline to find good deals, etc. + +Of courses, after I make 7 figures, I give my time a price (like $200 bucks) so I'm not going to save $200 if I have to spend an hour to do a price search (unless it's a fun family activity). But anyway, we try not to inflate our lifestyle. None but my wife knows how much I make every year. + +**Being very aggressive in investing when your NW is small (and you are young)** + +*I hope you screw up badly. The more times the better. I hope you screw up to a point that you are serious about investment and knowing that greedy is going to ruin your wealth. I meant it.* + +Before I had saved 1 year of after-tax income, I'm super aggressive in investing. I bought growth stocks like Tesla, Zoom, Datadog, etc. in 2020. All in on the growth stock (even chase the GameStop craziness). I really carve out time to invest (and to fail and learn). + +I think the best thing I learn in the investments is from those failures. For example, I once thought I could time the market and do options trading. Or sell short through buying ETNs like SQQQ and when the market bounced back, I lost 50%. I trust my friend's "rumors" to buy a stock. I know this sounds crazy but you have to live your own foolish to really learn. + +For example, I have made my mind that in my lifetime I will not try to time the market nor to use any options (where you can easily make 5x or lose 80%). It's too much for me. + +*Principle: never deal with derivatives like options nor time the market. Never trust anyone's recommendation on buying stocks.* + +I also learned some lessons through selling at the lowest point and sadly buying at peaks. Another good one I already learn is: + +*Principle: I feel okay to use margin, but I will reduce the margin (significantly) when my portfolio hits an all-time high. And I gradually reduce my margin when my wealth is hard to recover from a loss.* + +I'm getting more and more conservative as I'm preparing for the coming fatFIRE. + +**Pretend you are retired and create a fake portfolio with real money** + +I open a separate account with about 5-10% of my NW and pretend I'm retired in that account. Don't back-testing. Just do it. This will provide you some real feeling so that you can be comfortable when you are retired. It will teach you whether you can really live by 4%, and how it feels with the fluctuation your retirement portfolio leads to. + +In my "experiment portfolio" and I adjust them from time to time. My goal is to figure out a portfolio that I'm comfortable with. With the recent market correction, that's the BEST opportunity to examine my belief. + +I watch this portfolio almost every day. It's all about learning and educate myself. If I don't do this, I might sell low in the future when I see a correction. + +My investment principle is fairly stupid and simple: I pick 10 companies, companies that I hope they never go out of business. I revisit this list every year, and usually, they never changed. For now, I rebalance quarterly but I pay attention to the account balance every day so I can "feel" my retirement. + +I plan to keep this practice for another 2-3 years until my real retirement. I feel it's good mental training to know that if a bad thing like the pandemic hit again, what does it mean to my portfolio and how'd I feel it. In case you are curious, these are the [10 companies](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=JNJ&allocation1_1=10&symbol2=AAPL&allocation2_1=10&symbol3=AMZN&allocation3_1=10&symbol4=GOOG&allocation4_1=10&symbol5=NFLX&allocation5_1=10&symbol6=COST&allocation6_1=10&symbol7=INTU&allocation7_1=10&symbol8=V&allocation8_1=10&symbol9=JPM&allocation9_1=10&symbol10=TSLA&allocation10_1=10) in my account now. Each of them is 10%. + +Note: this is not a stock recommendation. As I explained, I simply pick 10 companies I need/enjoy their product the most on my day-to-day life as my investment. TL;DR I'm their fan and their customers. I love to be their shareholders and that makes me feel good. I surely can go move conservative or aggressive. When I pick these companies, I did NOT check their stock price history nor their current price. I invest in companies, not the fluctuation. + +When I retire, I plan to keep 2-3 years of expenses (including travels) in a checking account, 20-30% in a (nice) house I plan to live in, and the rest on the stock market. I will replenish my 2 years of expense whenever the portfolio hits an ATH. + +**The most controversial expense & argument -- it's okay to buy happiness if you are really happy about it and you can afford it in cash** + +Well, I bought a Tesla Model X. It brought me happiness for few years and I think I did not regret it. It's a lousy investment from a financial perspective but I feel so happy that I could use auto-pilot and listened to music or audiobooks when I was commuting. Back then, I commuted about two hours frequently so this to me was a life-saver. I probably can make $200k if I did not buy it and invested the same amount of money in the stock market. But happiness is hard to measure. I do sometimes regret it because it could cost me half-million in 10 years LOL. But life is too short -- I don't think I'd care half a million in another few years. I do enjoy my commute more and my family time during road/ski trips in a fancy Tesla Model X when it just came up. + +I at least felt excited (or happy to very happy) whenever I drove my Tesla for the first 1000 days and I roughly pay 100k for it (after tax and gas-saving). $100 a day for 1-2 hours of happiness on average is not cheap, but it's also not that insane. -- I really hate my commute before I had a Tesla, BTW. + +*Principle: spending money on things that buy you happiness is fine -- you only live once.* + +If I don't have to commute, I won't buy a tesla for sure. I won't buy a tesla in 2020, for example. So it really cases by case and I feel that I'm wasting my money during the pandemic because I don't drive it too much. When I retire, I will probably buy a CRV or RAV4. + +Note: I did not use any loan. I pay it all in cash. I made about $350k per year when I bought the car. + +**Work hard & make more: a good boss to follow is someone who can also take care of your $$** + +Many people envy me for making seven figures. But they don't know that I work very hard and learn hard. I spent most of my weekend reading and learning. + +I also have little loyalty to a "company". I have loyalty to someone who takes care of me, but never the company. I have worked in corporate for many years and I know every layoff is nothing personal but performance-based. It's never about whether you are loyal to the company. + +It's about how good the relationship with your manager and whether your manager can keep her job LOL. It's about your value. I don't want to break your heart, but we are not family at jobs. We just mutually benefit each other when we are together. + +Why? Reorg happens every 9-12 months on average. If you love a manager and she/he loves you. That's great. But I will never settle with a below-the-market pay. I force myself to interview every 12-18 months and if I feel I'm 30% lower than the offer I can get, I let my manager know. A good manager will take care of that. + +Some manager is great and they help bumped my salary to the market (to keep me). I learn that this trick can only do once because the next time I tried to repeat the ask, the high-up ALWAYS say no. And I just leave and accept 30% more. True, I run into an asshole that I wish I did not change my job. But I also remember I stay and my manager was re-orged and I still need to deal with an asshole. + +I'll certainly not join an asshole's team for a raise. Most asshole is assigned during a reorg in my career. If you don't feel you can get along with your new manager, why join? + +It's really, really important to sharpen your interview skills. I'm very good at interviews (and interview others). Do I have loyalty? Of course. There's some leader I respect a lot. And I'm willing to take a 30% pay cut for one year. But anything longer than that makes no sense, especially if they already know that I'm underpaid. I do understand that there's a promo cycle or performance review cycle and I won't ask for an off-cycle promotion as this is often difficult in a big company -- HR will give them a hard time. + +I have a few people who always follow me when I jumped ships. I took care of them. I only take good people whom I think can quickly add value to me and my new team. This is not about nepotism. I allow them to follow me because I know they work hard and they can deliver value. And I make sure they also get 30% bumps if that's the market price. Again, I fix the problem whenever I can, and I expect my manager to do the same. I will never follow someone who feels loyalty means underpaid the market. + +We are not family, but we are on the same sports team. I want to work with A-player and I expect A-player comp. We are not family so if you can't deliver value to the team, it's not your fault but you should leave. I know this is a bit cold-blood but it serves me well to get a 10x salary bump in 10 years. I'm 100% friendly to you and will take care of you. But you are not my family and there's no unconditional love here :) I don't make friends at the job (unless we are no longer work together). I'm friendly but my job requires me to be friendly and professional. We are teammates, not family. + +To me, a good job means (in its priority): (1) some manager I know he/she will take care of me as long as I put good effort and deliver value (2) pay the market rate for my experience and skills (3) I can become stronger at work (something to learn) -- I love to put myself in a role that I have to be a bit stretched. + +I'm a workaholic (70 hours a week is not a problem to me) and I'm glad you are not so I can outrun you easily :) + +I also want to tell you a secret -- on average you can get a 4-6% raise per year even you are a good performer. But the market (like high-tech) goes up 10% YoY for "average people" in the last 10 years. So everyone who stays in the same job naturally is underpaid in 3-4 years. And when you get older, people pay for your experience. Switching jobs every 2-4 years is not a bad thing. Staying in one company for 10+ years is. I have seen so many people lose their ambition and skills because they just do the same work days over days, weeks over weeks. When they get let-go, they are panic. If I was let-go (for whatever reasons), I negotiated a good severance package and moved on. + +**A few more words...** + +I hope my principles can somewhat help you get fatFire. After I turned 40s, I feel that I'm not that ambitious and started to ask about the meaning of life. To me, every happy day from now on is a win. But I can say this only when I master the corporate game. I just don't want to work that hard anymore LOL, unless it's my own company, which I plan to start one when I fatFire and feel bored. + +When I hit the FIRE number ($3M), a number I can retire but is still constrained, it still feels so good. I feel I can enjoy my job more -- this is quite strange because when money is not the reason to work, I start to enjoy it more recently. Maybe because -- I'm gradually reducing my working hours to 55 with a goal to hit 40 hours per week in the next year. I shift these hours to exercise so I can live longer and happier. + +I don't need any promotion and do not expect any raise at this level. And likely, this is my last job (for someone else) and I'm no longer looking for a market rate because I'm fatFire so work-life balance now matters. +Throw away. Was advised by /rpersonalfinace to also post this here +As title suggests, Iā€™ve got myself into a huge financial hole and need advice on what to do. +22 from the UK, from a good family who provided everything they could growing up however i lost my dad when I was young and I got into bad vices, long story short Iā€™ve managed to rack up debts of around Ā£35000 that cost me in the region of Ā£900 per month. Iā€™m on a fixed salary of Ā£1200 per month with no chance of overtime. +On top of the debts I also have my life to run, I have a car that gets me to and from work, but apart from that I donā€™t have any assets that I can use to pay off the debts. +I live with my mum who allows me to stay with her for Ā£100 per month but she wants me gone within two years which at this rate will be impossible. While she does what she can for me I canā€™t ask her for financial assistance as she already supports the house and my sister on her own, and this was my mess in the first place not hers. +Has anyone been in a similar situation and have advice on how to get myself out of this hole Iā€™m currently in? +Thanks in advance and apologies for any format issues, Iā€™m on mobile + +Lunch break edit: Thanks everyone for the advice, looking at some of the links provided and a bit of insight. Most of my debt is from bank loans with an already set interest rate, the main on that will hit me is a Ā£3000 credit card balance, itā€™s a 0% apr Barclaycard however the 0% is due to expire and Im struggling to have the balance paid by that period (Middle of the year) so if there is any advice to just focusing on that debt and clearing it then I think that while my outgoings are high directly compared to salary I would be in a much better position without having to be blacklisted by claiming insolvency. I would then be in a position to look for a job with higher income to pay the extra straight into my loans, if I can get the cc paid with no extra interest Iā€™ll be free of my bank loans(assuming no defaults) in 4 years with different ones finishing earlier while I wonā€™t be hitting the 2 years my mum set I may be able to have a honest conversation with her to potentially stay for an extra year which should buy me some time if I can get that extra income. Let me know what you all think + hey there. Now that I have a few spare pennies a month, I am looking to setup a monthly donation to a worthy charity (I know that all are). Ive done the whole SPCA stuff etc, but those are massive charities. Can anybody here recommend a smaller charity which is close to their hearts or really does outstanding local work? + +Odd question I know, but I am sure that due diligence has been done by others on the charities they support +Pretty much the title. + +I have followed GME volume in Frankfurt exchange for a long time now for a simple reason - every time the volume spikes something is about to happen. This goes for other tickers as well. Tesla is very interesting in Frankfurt because there is clearly fuckery going on with that ticker as well. + +The price right now means nothing. Iā€™ve seen huge volume changes and the price does not move a single dollar. Volume is everything here, and once again huge volume changes with no real price changes. + +Every time there is a volume spike in Frankfurt of this size the GME trend changes direction, speed or both in a dramatic fashion. + +Now this week has been FILLED with options talk and how weā€™ve been filled with FUD the whole time that options are bad. Some posts about too much DRS spam as well. Then an article about GME entering NFT marketplace and AH price rises a measly 30 dollars. Wake up and smell the flowers, this ainā€™t right. + +So here is my advice. Please be careful. Weā€™ve always known that media lies and hedgies owns them. This could be the grand fuckery weā€™ve been expecting for a long time. +&#x200B; + +&#x200B; + +https://preview.redd.it/kkwtrlreg4681.png?width=1789&format=png&auto=webp&s=6b51e36abb072e7e286eb80bbd04ddf1a39ffc1a + +&#x200B; + +https://preview.redd.it/m76437dig4681.png?width=1674&format=png&auto=webp&s=f78eb4c208db13c9711a9f01e12e5cfeaffa16b3 + +https://preview.redd.it/14hdg7dig4681.png?width=1777&format=png&auto=webp&s=65d7aa2de27d617670dd03d7fe83e374ed624e8f + +https://preview.redd.it/t0lr08dig4681.png?width=1791&format=png&auto=webp&s=1af2b4f3a043103f5358e0b61b4d642382c15dbc + +https://preview.redd.it/43jtc8dig4681.png?width=1788&format=png&auto=webp&s=9045de0909bb044f6c9f67dcd4d3e34f02d4d3d1 + +https://preview.redd.it/3cv7v9dig4681.png?width=1814&format=png&auto=webp&s=9ea2be0d8b178913fbc9861a4fd679fca16974cd + +&#x200B; + +https://preview.redd.it/v7vdmpoah4681.png?width=1787&format=png&auto=webp&s=82c6649d75c99fc39687583561828f85b04fee6b + +https://preview.redd.it/fw36yqoah4681.png?width=1782&format=png&auto=webp&s=8456a95ba85ad75167360508dbb574f044654359 + +https://preview.redd.it/rt6akbdig4681.png?width=1770&format=png&auto=webp&s=9c8f3fd64dd689a58b316f9f2984a6dca707db1b + +https://preview.redd.it/s1s0sbdig4681.png?width=1795&format=png&auto=webp&s=ffe4f96697a018af457ea005290510977235286f +I've been on antidepressants for 8 months, in November I started at Whole Foods and my insurance just came through. I went to CVS with my insurance card, my prescription used to be $33.08, now it's $3.09. more money to throw in savings, I am excited +Title says it all really. I was wrongly advised to be self-employed as a runner when I first started my career in media at a post house in 2016. I had been travelling that tax year and on my salary earned under my tax allowance for that year so was also advised not to file. + +My employer then moved me onto PAYE after those 3 months and I've since moved job but been on PAYE ever since. The fine relates to the 2018 tax year which is where my confusion lies as I've been PAYE since 2016 and should be able to source payslips to prove this. For the 2018 tax returns I'll need all payslips from 2017? Or is it a simple matter of calling HMRC and explaining all of this to them? + +&#x200B; + +Thanks in advance! + + +Edit: Called HMRC and explained the situation about never filing a return as Iā€™ve been PAYE and they thankfully understood and have voided all fees and penalties. + Simple as that... + +Main stream media starting to mention a Lehman style event, Hype on hype. Weekend madness, Stock starts to run, and eventually a rug pulled with last ammunition from failing shiesty ass hedgefunds in a last ditch effort. until i see phone numbers and many of those hedgekunts/bankers/politicians are in prison jumpers, i'm not selling a single one of my shares. cause i as an individual investor am completely over the amount that people "in charge" have fucked up the entire system. Its time for their GAME to STOP. +Hello there. Not sure if this is the right subreddit for this but Iā€™ll just get right to the point and you can all lead me to the right sub if needed. + +My girlfriend got kicked out of her abusive parentsā€™ home. Fast forward to now, living with me for months, she checked her credit card app and noticed other accounts under it. Turns out her parents have opened a credit card under her name. Only reason she knew was that her momā€™s phone number was connected to it. It was never activated, however. + +She contacted her bank, the credit card company, and they were able to close the account down. She also filed a police report for fraudulent activity. But sheā€™s still worried that they might do something with her SSN and is stressing out about changing it completely. + +Is there anything else she should be doing? Iā€™m also not too familiar with identity theft or anything of that sort but her main worry is them having access to everything else. + +Edit: Thank you so much for the helpful responses! My girlfriend actually [commented](https://www.reddit.com/r/personalfinance/comments/m4j07o/girlfriends_parents_opened_credit_card_account/gqvj4wg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) on this for more clarity and context. You can respond to her own comment if needed. + +Edit 2: Forgot to mention, weā€™re both well over 18. Mightā€™ve been a significant information there. +Seriously, a hard-fork without replay protection should just be unanimously reprimanded and boycotted by each and every institution, business, community, and individual. The sheer cavalier shown by Segwit2x fork and the disinterest towards it shown by part of the community and exchanges just boggles my mind. + +Just fucking refuse to support a coin that has no replay-protection, and the exchange themself have to implement one because the forkers were not bothered enough to do it. + +I'm not against forks, that's the beauty of bitcoin. However, forks that can make users potentially lose their coins is just incredibly irresponsible and evil. We, the bitcoin community, should resist and unite against these sort of ridiculously incompetent and immoral propositions. + +Just needed to rant! That's all. +Amongst the benefits of having an NUS extra card are... + +- 6 months free Amazon Prime membership +- 10% off at co-op +- Student entry prices for venues +- 12% off 16-25 railcard +- Free cheeseburger at McDonald's + +And so much more: https://www.nus.org.uk/en/nus-extra/discounts/ + +How to get the card: + +Sign up to this course, which costs Ā£4 and is registered with NUS. + +https://www.gogroopie.com/deal/1rowtbjwey/ + +Follow email instructions to register and remember what you set as your password as you'll need it to get the card. + +Head over to NUS Extra website and apply for a three year card (Ā£33.50 incl. postage) - listing 'eCareers' as your educational provider. + +Fill out the details, entering your 'Student password' and bandabing badaboom you have your three year NUS Extra card for Ā£37.50 and 15 minutes of your time!! + +Happy saving! + +**(Posted again after adjusting title at request of Mods)** +I read threads like this: http://forum.mrmoneymustache.com/antimustachian-wall-of-shame-and-comedy/overheard-at-work/?PHPSESSID=8rgv8gk3bp2s3t44vo5tgfcgi5 + +And I just get confused. I don't know anybody like this. + +I work for a big financial institution in the core of a major metropolis, and none of my co-workers are like this. Sure, they may not be saving 60-70% like I am, but they sure as hell aren't living paycheck to paycheck. Many are quite smart with their money. + +Sometimes I feel like threads like this, and even this sub sometimes, is just one big circlejerk to make ourselves feel better. There isn't really much to do to be FI - save money - max your investment accounts in low cost index funds - Wait. It doesn't get harder. Maybe because the waiting is so hard and the payoff so long away (I just wanna be FI now!) we are judgmental of others to make ourselves feel like we are making the right decision. + +Just some food for thought. +After reviewing my finances with a broker and knowing that my Sydney-based employer is bullish on being in-office at least 3 days a week (if I could wrangle a remote job I would, but even other companies in my field seem to want in-office), it looks like the only thing I can afford to buy around Sydney parts is a flat. Really want to escape the hell that is fickle landlords, wildly different pet restrictions, and unpredictability in rent raises. + +But, Iā€™ve had no experience on the buying side of things. And even moreso I am at a loss for how to conduct due diligence when assessing an apartment for purchase. + +For example, Iā€™ve rented some really nice newer-build apartments in Sydney and those are definitely my style, but Iā€™ve heard those are the kind to stay away from when buying. How does one find the build dates of buildings? How do you risk assess them? + +How does one pest/structure inspect the apartment ā€” will inspectors have any way to access the building? + +How do you assess a strata? I like the newer builds because they have the fixtures I want for an apartment, ducted aircon, etc. So if I buy an older build Iā€™d want to add those in myself, but how to know in advance how much trouble that could be with strata? + +Iā€™ve also heard you have to be extra cautious when choosing location more than youā€™d be with a house, I assume because apartments can drop in value if there are too many. For example, I was looking at Dee Why and Maroubra since thereā€™s lots of apartments for sale at a reasonable price relative to overall Sydney, but colleagues said I should avoid those areas because there are too many apartments. + +Would love it if someone could point me to an apartment-specific checklist if one exists, or share your personal checklist. +Anyone have advice for someone looking to get a NSW government job. The role descriptions and criteria seem a bit esoteric from someone on the outside looking in. + +I have alot of prior experience and soft skills that could be transferrable to alot of these roles and a diploma in project management, but struggle a little bit with how to fit the pieces of the puzzle together. + +Any advice to help me out? Should I look at engaging a resume writer? If so how do you find one that specialises in government applications? +Can some Lightning Network developer comment on the status of it? + +How is it doing? +Are there new challenges to solve? + +The only information I got is this link with the integration tests: +https://cdecker.github.io/lightning-integration/ +GameStop still has that $100mil allocation for a share buy back, today would have been an amazing opportunity to get a nice discount; either GameStop is saving their secret weapon, or rc knows some more nudity is on the way and is eyeing a tastier dip than today. I think getting anywhere near $100 a share will trigger that buyback so I donā€™t see it going sub $100 for more than a millisecond if at all. Thanks for coming to my tedstop. + +This month should be exciting all our tits +Hi! + +I know this isnā€™t a big deal to a lot of people but I was excited and donā€™t have anybody else to share with. + +I graduated about 3 years ago with about $40,000 in student loan debt. Iā€™ve spent the time since then working 2-3 jobs at a time and keeping a strict budget and as of my deposit today my net worth is $3! + +Just wanted to share my good news and hopefully encourage people here to keep working and say that we can crawl out of anything! + +Have a blessed thanksgiving everybody and keep grinding! Yeah +So here is the thing. + +I started investing in LIC policy long back and now I am contemplating to cancel it. Not sure if it's a good idea. + +Policy name: LIC Jeevan anand + +Since : 2010 + +Each year : 56K premium + +Now it completely messed up my name in the portal and the premium paid receipts are just so messed up. I am having a headache just to contact their customer service. My agent is a middle aged neighborhood uncle who is clueless. + +Bonus is that maturity term is 2082 when I would not even be alive (TBH I don't know what it means either) and I have to pay till 2056, by which I am not sure I will be earning either. + +I am so frustrated, that I want to withdraw everything and just buy a term insurance (which would cost me 20K for 1 crore cover whereas I am having 21 Lakhs cover right now). I will get better returns if I invest saved amount in Mutual Funds / Stocks. + +Please advice me, if this idea is Good or Bad. + +thanks for reading :) + + + + +Logically when stocks fall, bonds rise. + +In March both fell. + +Ok. Fine. + +But, why are bond mutual funds NAVs dropping like crazy. + +The ones which invest in Govt securities. + +Did google search. No explanation in any business sites or papers. + +Scratching my head. + +Invested for the first time in these funds and am in negative for the last one month. +I have been putting aside money saved yearly after my long term saving (Equity, Equity Mutual Funds) into Fixed deposit. Till last year these FD used to give me a good cushion with interest rates above 6.5%. That was the easiest way for me to manage any urgent need which could come up. + +But this time due to the Fixed deposit rates being too low, I was looking for an alternative. + +Everywhere I read about Debt Mutual funds, I keep getting the answer that don't compare both, but not many places a clear detail where given. + +Can anyone from the forum be able to help me with their experience with short term (1-3 years) debt Mutual fund (lump sum) investments? +Hello everyone, + +I have been using Kuvera for last 2 years now. I like the platform, although I have some reservation with there selected funds. + +But what I want to know what are there plans on how to earn money. I don't see a way them making it now. They introduced coins but still I don't see how they are making money. +Wanted to ask opinion on Savings account which offer 7% interest rate vs. Liquid funds offering similar returns. + +&#x200B; + +Which is better to opt for? Purpose is to park spare capital while waiting for a good level to enter the equity market. +The spreadsheet seems to be right, If I summarize all the assets I have , they are well into the million dollars. +When I was growing up in a working class neighborhood, millioners were the people with the fancy cars, the expensive yachts, flying first class, you get the picture. +How can I be a millionaire? I drive a regular old car, live in a middle class town, don't have expensive toys, kids go to public school etc. I so don't feel like a millionaire. There is no way in the world I tell this to anybody. I would be so scare if somebody knows. + +Moreover, I think that at least I need another 500k to fire and leave reasonably well. +Am I not feeling rich because a million dollar is is not so much nowdays? +How did it feel for you to become a millionaire? +So my question with both of these funds us how can they be so highly touted here when they have such a short history? I feel like I can't make an accurate assumption on how these do without seeing a little more track record, any insight on this or what makes everyone like them so much with no records. +I see a lot of "I reached $X a year in dividends" and there's a lot of congratulations that I appreciate, but I also see a lot of "oh buddy, just wait until it starts compounding. Then you'll really be excited." + + +What ballpark of a dollar/year(or quarter) would you consider "compounding?" +What's the best, monthly dividend, that's not real-estate? I would like to invest in, a couple monthly dividend stocks. But don't really want to mess with, real-estate stocks. +What's the best, monthly dividend, that's not real-estate? I would like to invest in, a couple monthly dividend stocks. But don't really want to mess with, real-estate stocks. +Backstory - I have a relatively low amount invested (about 5k), and I have only been playing around with this for a handful of months. + +I like the allure of dividend stocks. Steady income, paid out at certain dates. I currently don't have the time/knowledge to go heavy into growth stocks, so I just keep a handful of them with a more reliable dividend ETFs as a backbone. + +Right now, I just want to invest in a bit riskier dividend stocks that have a higher payout that I can reinvest to expand what I have in my portfolio. Think 1 year hold? I'm planning to throw in about 100 bucks a week, plus whatever I gain. + +For my higher yield stocks, I have QYLD, PSEC, CLM, NUSI CRF, and RA. Again, even if the price is stagnant, I'm fine with that. + +What would be your recommendations to look into? I'm looking for about 7.5 or up dividend yield for this adventure. +So my question with both of these funds us how can they be so highly touted here when they have such a short history? I feel like I can't make an accurate assumption on how these do without seeing a little more track record, any insight on this or what makes everyone like them so much with no records. +I was wondering everyone's thoughts on holding individual stocks that are in SCHD? I do own Schd but also 9 other that are in it. I was thinking of selling those positions and just put the money into schd. And that will also lower how many holdings I have. Thanks +For those looking build a div portfolio, do broad market sell-offs look different to you now? Most of my legacy portfolio has been SPY stuff and Nasdaq 100 stuff, so I hated sell-offs. Now I just DCA into stocks Iā€™ve been wanting to buy at a discount. Is that naive and are you all prepping for this bear market sell-off that everyone keeps talking about? +Any reason why I shouldn't DCA until the end of the year with about $300 - 500 /week into JEPI vs SCHD? The monthly dividend and lower price per share seems way more advantageous. Am I missing something? +So I feel like I got a good grasp on entries and being able to identify my stop loss, but profit taking hasn't been so easy to me. For example last week I took positions in AHPI (20% gains from entry), WORX (20% gains from entry), ORPH (23% gains from entry), PBTS (15% gains from entry) but in all of those positions I sold off most my position way too early and only had tiny position for the peak, so I didn't guarantee too much profits... :( + +I understand people like scaling out at resistance but some stocks that I trade don't always trade around a recent resistance so its not always the case, also sometimes the stock falls off before even getting close to a resistance so I am thinking of setting hard numbers instead such as "sell x at 3% gains" "and sell x at 5% gains" etc... + +Anyways anyone experiment with holding for a bigger payday but risking nothing? + +For example, say you entered a stock at 2.20 with a stop loss of 2.10, it goes up to 2.30 so that's almost 4.5% gains, instead of selling, you actually move your stop loss, from 2.10 to your entry at 2.20, so now you are in risk free trade and actually have a 4.5% cushion to get stopped out, at this point its up to you to decide when to sell, maybe you want to sell half your shares at at 8% gains, so if the stock moves up another 4% from 2.20, you sell half shares at 2.37 and move stop loss to 2.30, that way if price goes down 3%, you sell other half and that way you guaranteed 4% profits, but if it keeps going to maybe test 2.50, then you can some more on the way up. + +I know I just wrote a bunch of gibberish but is it a dumb strategy to aim for a specific % gains to move your stop loss so you can secure a risk free trade INSTEAD of selling some shares to guarantee some profit as well as risk free trade? + +For example, if a stock moves up like 3%, you can sell half your shares at 3% gains, and move your stop loss to entry, if it goes down 3%, you sell other half and now you got 1.5% gains secured. + +* Personally don't like this strategy too much cos often I am dip buying and have good entry with only 1-2% stop loss, so I would rather hold on to majority of my position for bigger payout, I don't even want to thin about selling anything before at least 5-8% gains + +Thoughts guys? Any sell strategies that rely more on hard set numbers instead of using the chart for exit? +So I am looking to get into day trading part time, as a little side cash (hopefully). Obviously I am going to do a lot of research and learn as much as possible before starting. But my question is, if you have a 9-5 (like me), how do you have time to trade? I work a pretty busy job so theres not really downtime early in the morning or later in the afternoon (which I understand to be the prime hours) so is it possible for me or no? + +Edit: I should also add that I am on the east coast. +Like the title said I am always overwhelmed now and I canā€™t seem to disconnect from the trading world. I am more into crypto than stocks and seeing those young kids making millions out of meme coins and meme stocks like GME makes me think I am not good at what I do + +I honestly donā€™t enjoy life anymore, here I am spinning in circles for 4 years without making decent profit. + + +I donā€™t want to exit because I know my job wonā€™t make me rich so I stay in the game hoping to win but I donā€™t seem to pull off any moves that are life changing for me + +Edit1 : thank you for all those who commented you really helped me cheer up and changed the way I think +Unless they monetize their viewing habits data by selling it to outside content creators, I donā€™t see how they could ever justify even close to the valuation they currently have. +From the german stock news page "DER AKTIONƄR": (Translation via deepl) + +[https://www.deraktionaer.de/artikel/medien-ittk-technologie/gamestop-aktie-zuendet-die-rakete-handelsstopp-20250376.html](https://www.deraktionaer.de/artikel/medien-ittk-technologie/gamestop-aktie-zuendet-die-rakete-handelsstopp-20250376.html) + +&#x200B; + +>It is still unclear whether the rapid rise in the share price, which was up to 35 percent in the short term, is the result of another (coordinated) attack on short sellers. At last count, the share was only 23 percent up at $99.90. +> +>DER AKTIONƄR still advises investors to keep their distance from meme stocks like GameStop. Because the downward trend of the GameStop share continues unchanged and the volatility is simply too high. + +&#x200B; + +Can you guys please inform me of the next "Coordinated attack" ? It seems I didn't get the memo about this one... /s +You have wallets or currency on exchanges. You wrote out some strings of words and have your passwords saved somewhere safe, two factor set up everywhere possible. Life is good. You're sure that if you lost you phone or if someone broke into your house and stole your computers, no one else could access your accounts and wallets. + +But could *you*? + + +Make some time to test your own security. Imagine or recreate a situation where you can't access your usual devices. Will you be able to get your authenticators running again? How will you get your wallets up again? + +"Your keys, your crypto" is comforting, and knowing how to use the scribbled notes in your safe is far better than just vaguely knowing you could. In a test you might discover that something is missing, or you can't read your own handwriting. + +You never think it'll happen to you, but better to be safe than sorry. + + +Edit1: i think this is the first time automod let a post of mine through! Congrats moon farmers, I'm upvoting every reply here. + +Edit2: to everyone saying thanks for the advice, you're welcome. I hope this thread can actually save at least one person from preventable loss. +For people saying they've lost access before and wish they had done this sooner, that fucking sucks and I'm sorry to hear. Thanks for admitting it here, maybe it will inspire some people to test and beef up their setups. + +Edit3: Never had a reddit award before. How exciting! Thank you. :) +Finblox is yet another lender who seems to have been affected due to the ongoing collapse of key centralised players and a large fund 3AC which has apparently blown up. Finblox was backed by large VCs like Sequoia and Dragonfly. + +In a message to users, Finblox has informed them they are reducing withdrawal limits and cutting all rewards. + +[Finfblox: Withdrawals capped, rewards paused](https://preview.redd.it/7pmmv1kavz591.jpg?width=777&format=pjpg&auto=webp&s=3633179ec302914d1c0508065c81e604e38853ff) + +Finblox claims to have insurance for its funds - not sure if its going to pay out at all. In the present situation, VCs coming to any startup rescue is pretty much off the table.. + +Its not clear which other operators are affected with the ongoing situation, one thing is certain - the contagion is deep and spreading quickly. 3AC was quite a big player who had commitments across multiple exchanges, lending services and market makers. Some trading desks have already sounded the alarm and have called back their margin. + +Centralised entities continue to be very risky as of now. +TL;DR at bottom. + +In December, my mom booked 4 tickets from NYC to Honolulu for Saturday July 6th through Saturday July 13 from Hawaiian Air. The tickets were for my two brothers, her, and my father. The day before the trip my dad decided not to go due to work reasons. + +On July 6th my mom and brothers got to the airport and went to the checkin counter, my mom told them my dad wouldn't be flying. Hawaiian Airlines checked all their baggage, issued them tickets, and gave my mother a phone number to call to cancel my dad's ticket; they said they couldn't cancel it at the check-in desk. + +My family went through security and then my mom called to cancel my dad's ticket. The agent told her only my dads ticket was cancelled. When my family tried to board the airplane they told them that not just my father's ticket had been cancelled, but all tickets on the reservation had been accidently cancelled and resold by the call center agent. Their baggage was on the plane and was flown to Hawaii on their original flight. My mom requested their baggage be taken off the flight, but Hawaiian Air wouldn't take it off. + +Hawaiian Air booked my family on a Jet Blue flight that was supposed to arrive 7 or 8 hours later than their original flight; that flight was cancelled due to mechanical problems. Jet Blue put them on another flight that was supposed to arrive 13 hours later than planned, but it was cancelled due to weather. + +They slept in the airport; Hawaiian Airlines said they were not entitled to a hotel because they accepted the Jet Blue flight so it was Jet Blue's problem. Hawaiian Airline put them on a flight for July 7th and they arrived in Honolulu a full 24 hours late. + +Are we entitled to any compensation? (The hotel rooms we paid for maybe?) If so, what is the best way for me to go about getting it? Were any laws broken? + +**TL;DR Hawaiian Airline representative accidently cancelled and resold all 4 tickets on the reservation instead of just one ticket which resulted in a night sleeping on the airport floor and a day of vacation lost. They rebooked the flight for the next day but are we entitled to compensation?** +It's the end of the week, hopefully all of you have made tendies on your puts/calls. But that's not what we are here to talk about today, we are here because two gentlemen, just like the two other retards last week, has made stupid promises and will now be hold responsible. + +[https://www.reddit.com/r/wallstreetbets/comments/febypd/daily\_discussion\_thread\_march\_06\_2020/fjo0vzr/](https://www.reddit.com/r/wallstreetbets/comments/febypd/daily_discussion_thread_march_06_2020/fjo0vzr/) + +u/Dawschlong commented " If ual ends green today iā€™ll drink bat soup", UAL ended the day with +0.99%. + +[https://www.reddit.com/r/wallstreetbets/comments/febypd/daily\_discussion\_thread\_march\_06\_2020/fjnebzf/](https://www.reddit.com/r/wallstreetbets/comments/febypd/daily_discussion_thread_march_06_2020/fjnebzf/) + +u/j4rd7n commented "If WORK closes red today Iā€™m eating my pubes.", Slack ended the day with -6.94%, this dude is pretty fucking retarded in believing in Slack at all tbh. + +Edit: u/j4rd7n editted his comment, pulling a sneaky one don't ya? Too bad no one gives a shit now eat pubes +...what the title says. + +Then he says that he can do it by refinancing the house. + +Kinda sounds like it's too good to be true so I hesitated. Then he said that he's helping me. Tbh, it sounds great, but I feel like I could be missing something huge here so I'm skeptic. + +Can anybody explain to me the pros and cons of doing this? I need to know all the angles. I know that if I keep paying off my loans at the rate I'm going, I could pay it off in like less than 5 years. + +Whereas I know that this house was bought back in like 2016-2017? And most home loans are like a 30 year payment plan or something. The house is under my sisters name because my parents credit is not great. (I was living with my ex back then so they didn't use my SSN/information to finance the house.) + +I graduated in 2013. Finally started paying off my loans recently for the past few years. Chipped it down from $30,000 to $22,000. + +In the end, I told my parents that I need to think about it and my mom is pushing me to do it because she said that this could also lower the monthly payments on the household. My parents were saying that I'm being ungrateful, but I think I'm just being cautious... + +Any advice would be appreciated! Thank you. + +Edit: I tried to crosspost but don't see the option. I'm a lurker so I don't care about karma. Save it for more GME. I'm reposting because I feel this is a very important topic. Stay strong and hodl. +Link to original post: https://www.reddit.com/r/GME/comments/njhdj6/some_apes_believe_they_cant_vote_until_the/ + + +Edit 2: From my original post, a lot of questions on how to vote and finding the link to vote. +Go to your email. In your email search browser, search for your brokerage. Voting information should be there. + +If you're not sure how to vote, they have their suggestions for you as you vote. A lot of people vote no to Sherman. Speculation: They recommend keeping him on the board due to the number of shares he holds. If he stays on the board, he can not sell to my understanding. + + + + + + + + +I believe strongly that the best thing you can do for the stock right now, besides buying and hodling is voting. + +It may be more important than you think. I've seen posts where people think they have to wait. + +PLEASE VOTE YOUR SHARES! +My Husband and I (both late 20s) are at a point where we have enough of a deposit to buy a cheap/affordable house. We'd be able to buy something small or in a less desirable area. + +I'm keen to buy asap just to get in the market, and then in 5-10 years purchase some place nicer. +My husband wants to wait and continue saving so that we can get a bigger house in a nicer area as our first home. + +Which way should we go? + +We both have stable full time work earning $150k combined. No kids yet. +I'd like to move my homeloan to an online lender with better rates (Athena, tic toc etc.). + +Are these newer banks any less safe to have a loan with than the traditional banks? + +Not just from a security point of view, but also say in a hypothetical economic recession, what happens to a home that has a loan with a bank if it goes under? +My wife and have a combined income of 100k with two kids, current mortgage is $222,000. And currently pay $350 a week in repayments + +We are trying to top up our loan $20,000 to put a deposit on a block of land. Application has been with the bank for 2 weeks now and the keep coming back asking for more detail and nit picking any discrepancies. + +Contracts are due to exchange next week and we are starting to panic. + +Has anyone had a similar experience or can offer some inside info into why the bank Is taking so long for a simple top up +I made a video about the Epic vs Apple court case this weekend. I think the ruling requiring Apple to allow Devs to send users outside of the Apple eco system could have a larger impact on EPS than I had initially expected to find. + +One of the researchers Epic called to testify said the App Store brings in about $22B in revenue and has about 70% profit margin. Thatā€™s roughly half of the entire services segment for Apple so this isnā€™t an inconsequential part of the business. + +I made a video taking a look at what this would mean for Appleā€™s EPS if they were to lose no profit, 25%, and 80% from the App Store. + +I personally really like correlating growth rates to a P/E value. Some may call this pricing vs valuing, but Iā€™ve done this for a long time and itā€™s been very reliable. Of course though, determining what you should pay is far more than [growth rate + P/E] so donā€™t get the wrong idea that this is all Iā€™m doing. + +I ended up using a growth rate of 12% for Apple which I correlate to a 28 P/E. + +I looked at EPS estimates for 2021, 2022, and 2023 and found if thereā€™s no profit impact apples stock will be worth $166. If thereā€™s 25% profit loss I expect $151. And if they get demolished and lose 80% App Store profit $120. + +My expectation right now is somewhere between 0-25% profit loss. But depending on how devs and users react it is something to monitor. + +70% App Store revenue comes only from 10% of App Store users mostly from playing games so itā€™s not as diverse of a user base as you might expect. + +If youā€™re interested in my full video hereā€™s a [Link](https://youtu.be/p6Oq_NjPp4Y) + 10:42 +Just curious as to what metrics/range you guys use to value growth stocks in addition to DCF. There was a rule of thumb from Peter Lynch that he assigns a PE equal to the growth rate of a company (assuming it's over 15PE) +I've followed NVEC for some time now, but no one I've talked to about it seems particularly interested. + +The company's financials are exceptional (\~60% NI, healthy debt profile) and it's steady dividend makes it attractive. It feels undervalued, particularly using semiconductor companies as a benchmark, although that methodology may be questionable. + +I'm afraid it may just not pass the "invest in things you understand" test for many investors. + +Am I missing something here? +Hey guys, Iā€™ve been eyeing CROX for about a year and am incredibly interested in the company and itā€™s corresponding value. Theyā€™re recently down ~70% from all-time highs and have a P/E under 5. Their beta is 1.85 according to yahoo so it makes sense they wouldā€™ve been killed over the past half year or so. + +I guess Iā€™ve been eyeing the said under 5 P/E as a sign to more or less start leveraging myself especially since they recently acquired HeyDude and seem to be using debt in a way that Iā€™d agree with. + +While I typically do extensive DD before diving in (and plan to do so for CROX), Iā€™m not a value investor and donā€™t really have the habits of one at all. Iā€™m very familiar with how to read financial statements but itā€™s been a while since my Econ class in college so I donā€™t remember all the important ratios to look at. + +Beginner tips? I would like to have more solid theses going forward than ā€œI believe this company will increase in value.ā€ + +ETA: I donā€™t agree with people who say crocs have just been hyped up during the pandemic. So Iā€™m not worried that they will ā€œgo out of fashionā€ in the coming years. Theyā€™ve been ā€œout of fashionā€ since a couple years after they got started +Is there any website that has a list of the quarterly reports of relevant companies? How do you guys keep track of your companies' financial updates and news? +I wanted to open up a discussion about the book. + +I am currently in college and looking to align my investment strategy with that of Benjamin Grahamā€™s famous value investing strategy (the motivation for reading this book) + +Anyone out there who has read the book? +What did you think? + +Financial markets continued to "correct" this week. A lot of you are debating whether to sell your stocks amongst all the doom and the Federal Reserve Rate Meeting this week, likely to serve as a staging post en route to the first rate rise, which we expect to come in March. You may also be speculating a hike could be announced this month. Personal opinion - such a move would fly in the face of the Fedā€™s guidance that rate rises can begin after the end of tapering in March. Fed is likely to stick to that script, as raising rates sooner could send the message that Fed officials are *more worried about inflation than they have let on.* + +**Hereā€™s what you need to know: Donā€™t Sell**. Again just so it registers - **DO. NOT. SELL.** Understood? Good. Stop reading. The rest of this piece is for people who are inquisitive or not convinced. A few weeks of RED isn't a sign we are headed for a long bear market, and remember economists are notoriously terrible at predicting markets. + +Let me be clear: I've a long history of investing however I have no idea whether stocks are going to keep tumbling or if theyā€™ll quickly rebound. The simple fact is that you donā€™t know either. **No one does**. What we do know is that market crashes happen, however you define them. Since 1950, the S&P 500 has had one-day declines of 3% or more nearly 100 times. Itā€™s had two dozen days where it fell by 5% or more. Slow motion crashes where big declines are spread out over several trading days are even more common, but **every one** of those declines has been followed by a rebound! Sometimes right away, sometimes takes weeks or months, but when it comes it comes quickly. **If you wait until the rebound is clearly visible, youā€™ve already missed the biggest gains.** + +Ok now for the ***bad news*** \- [Expect a major market sell off in the first half of this year](https://newsnationusa.com/news/finance/stock-market/expect-a-major-market-sell-off-in-first-half-of-year-strategist/) Followed by **good news** \- A Fed reversal will give way to a massive rally after the sell off, says Zulauf. "That will then trigger another wave up to new highs in 2023 and 2024." + +This dance has played out over and over since day one of the stock market. The problem is our predictable nature, in that it didn't take long for Wall Street and Hedgies to figure out that unsophisticated retail investors (everyday people) are easily manipulated, and they soon found out ways to exploit them. They'd find ways of getting access to news stories before they go public, or worse, completely fabricate stories and leak them to the press, then get into positions that make them money as the retail investors flood in, and use options or short selling to make money as the stock plummets when everyone discovers the stories were exaggerated or fake. They rig the market by manufacturing volatility, then profiting off that volatility. **What's the moral of the story?** "Big money" sells at the top (latest example Nov/Dec 2021) so if you sell during this market downturn (Jan 2022) **you are allowing big money to buy back your stocks at bargain prices! You lose, they win.** Hence.....[Don't Sell](https://www.stocktrades.ca/dont-sell-stocks/) + +Essentially I believe we're in a price correction, a result of the end of highly overpriced valuations. If you have rational faith in a company and its future growth, then just hold. Just because we're suffering a correction, it doesn't mean that tech or growth stocks overall don't have a future. Anybody who tells you otherwise is either bitter because they bought high or just wants to feel better about their slow growth positions. Avoid speculating and do your own DD. + +Over the long term, [the stock market has historically returned an average of about 10%](https://www.getrichslowly.org/stock-market-returns/?WT.qs_osrc=TIM) before taxes, which is more than any other asset class. Stay calm and take advantage of opportunities - I wanted to come here and remind everyone of this before all the doom and gloom posts take over. The market pulling back is NORMAL. **There are only 3 good reasons to sell:** + +1. You need money for an emergency +2. You made a bad investment thatā€™s consistently under-performing +3. You achieved a specific goal + +Lastly all those who are scare-mongering everyone about big money recently selling off all their investments because of impending doom, this isn't true. Allow me to provide a few more nuggets. + +**Elon Musk** \- he's the real deal in terms of Entrepreneur and Inventor. He's also very human, unlike others who act superior in a crowd. He's a genuine expert, quite engaging and he answers questions in a direct way. By the way I don't own his stock. You'll know he sold 10% of his stake recently but it was to pay a large tax bill and pivot to another of his ventures. + +**Mark Cuban** \- fell into success without much effort on his part. He recently sold a bulk of his stocks to setup a cryptocurrency portfolio (NFTs Eth) in his own words "in case money goes to hell." Typical billionaire investing in X saying X is great - pumps it, and when it fails and plummets, he moves to plan B = shorting. Playing both sides aka Market Manipulation. + +Just remember when a billionaire, senator, insider, hedgie or TV personality buys heavy and enthusiastically endorses the product/asset bought, it's ***usually based on legitimate knowledge of future opportunities (from positive and negative situations) or supply shortages within bought space*** \- at anyone's expense (oh yes even food and housing shortages.) Ultra wealthy trying to swing opinions for personal gain? Errr never! + +People who make money are those who are willing to stay in the market during the various dramatic cycles, and they never risk investing any money necessary for living their daily life. + +**Disclaimer** I do not provide personal investment advice and I am not a qualified licensed investment advisor. This information does not constitute any form of advice or recommendation and investors should get professional advice before making any investment. Such information is provided without obligation and on the understanding that any person who acts upon it or changes his or her investment position in reliance on it does so entirely at their own risk. +Every time I read the Annual Reports, and look at the premiums earned (steadily rising higher) and then at the outstanding shares of MKL (steadily falling towards 1 share) I always wonder why BRK doesnā€™t acquire MKL. + +Are the shares of MKL selling for a price that is too high? +Is anyone buying TWTR due to Musk buying it? Funding is secured. TWTR is sitting at $49 as I write this. Could be a nice 10% gain (more if using leverage). + +Iā€™m not opening a position because I donā€™t do arb, but was curious what the bear and bull cases would be on this. Anyone have thoughts on this? It seems like a done deal (although Musk could pull out at any time). +I have been quietly investing for my nephews. They are getting old enough to understand these things so this year, I would like to buy a share that they could relate to. + +Ideas so far include McDonalds and Disney - brands that they will see over the years. As bond yields are so high right now, I also thought bonds or preference shares but can't really think of any where the kids can think 'wow, I own a stake in this'. + +Any suggestions of what might be down with the kids? +Iā€™ve been wanting to add to my portfolio a **cosmetic company** that I can hold for the long term, so I started looking at **$EL**. + +$EL is a very mature company founded in 1946 and is one of the **most profitable cosmetic companies**. + +The companyā€™s products are sold in around **150 countries.** Has a market cap of **$79B**. One of the things that I love about the stock is that in the long term they **raise their dividends regularly,** this quarter $EL **increased** dividends by **10%**. + +* $EL has reported a **growing selling revenue of $17.275B a 9% increase** from last year, exceeding the companyā€™s expectations. +* **Gross profit up by 15%** annually in 2021 +* Debt/Equity ratio is **120** compared to similar companies like $COTY that have a Debt/Equity ratio of **135** +* Since covid restrictions are diminishing makeup sales have gone up +* **$TGT** beauty categories sales **grew 15% i**n the last quarter compared to a year earlier and **$ULTA** sales **grew by 21%**, these are some of the main places **where $EL is sold.** + +Although covid restrictions continue to disrupt the companyā€™s operations we can see an upward trend in the company. + +**What do you think about the company? Do you think there is a better company in the field?** + +You can follow my portfolio [here](https://www.jika.io/u/Crowman) +Just attended a business school seminar with a pretty experienced technical expert (no value background) and he was quite bearish (especially on tech, which I am underexposed). I was somewhat surprised considering his level of experience with the rhetoric he was using. It was very hard to see a silver lining. Now, as I said, this was a technical expert but I asked him what he would say to value investors who believe they already have a margin of safety packed into current investments. He replied "good luck." Since I am a younger investor, I am curious to the more experienced members of the group: what advice would you give to being a value investor during a recession? Any wisdom from 2008? Thanks! +I'm very new to investing, so I'm researching businesses that I find interesting for the first time. I noticed they're still selling well above sticker price and I can't get a margin of safety. Is the market still overpriced? I don't want to DCA without a MOS. +I could be way wrong here (which is why I am asking), but Goodwill seems to be somewhat subjective, and as a result can skew the REO calculations if its off base. Given the importance of REO in value investing, I am wondering how everyone treats Goodwill and other intangibles in their calculations. +So I was looking for good youtube channels about investing in general, especially value investing. I'm not looking for simple podcast, but something more practical and visual. Also mind the consistency of the video, like clickbait-free and factual content. +With that in mind, feel free with any recommendations +I try to not rush into a stock I have not done my DD on, but sometimes I am hesitant and always feel late to the party. How long in your experience do you have between when you recognize a company is undervalued and when the market will realize their value? What are some of the key factors that allow the market to recognize true value and move the share price from under valued to fair value? +We know the aim of the game is to buy stocks when they are at a good price, whether that be based on book value ratios or potential growth etc. But how can you tell the difference between a company thatā€™s just going through a rough patch (ie when Coca Cola brought out the new taste coke and the sales and value dropped) or when a company is doing very poorly and there is little chance of recovery + +Also, does 1 year of making a loss raise a red flag or can it be overlooked if the company is of good quality? + +(Iā€™m new to investing so all advice is of help, thanks!) +Hello all! + +I would say I have a very good foundation on equity research particularly based on the basics of reading a financial statement. I have been trying to read as much about the investing side of accounting and business valuation. Besides this I have also been incorporating a value-based approach reading Graham, Buffet, Greenblatt and many other value based investors. + +Reading some of these individuals, I see that I only have a rudimentary knowledge of bond investing. I have read some basic bond books such as "The Bond Book by Thao." This book helped me to have a basic knowledge of bonds and the hierarchy of the rating by credit agencies as well as how bonds are affected by interest rates and how they have performed historically, as well as the risks and dangers of different bond types such as government, municipals, and corporate bonds, as well as junk bonds. + +However, I want to get into a much deeper understanding of how to invest in bonds. Are there any good bond screeners? I also find it difficult trying to find the CUSIP of specific bonds. I feel that finding ticker symbols has been much easier. Do you guys use any tools that help you find different individual bond CUSIPS? + +I would also like to be able to have a better knowledge of how to value specific bonds such as corporates. I have been reading *Security Analysis,* which covers this to some extent, but I feel that the language is a bit outdated and a lot of times I am finding myself trying to find out the terminology he employs. Are there any good books, videos, or resources on individual bond analysis? + +Lastly, how about distressed investing such as investing in bonds of bankrupt companies? Reading Klarman and Greenblatt's chapters on investing in bankruptcy and fallen angels and so, I also want to get familiarized with this field. Yes, I know the dangers of this, but I still at the very least want to know how people analyze investing in distressed companies. + +Are there any good places to start or resources to follow that you are aware of, such as books, videos, courses, websites, and tools that you are aware of? +Hi there, i m a bit new to value investing. I know that in value investing one beliefs that the stock price of a company A doesnt have anything to do with the actual intrinsic value of said company. So, you shouldnt count on stock orice to determin what a company is worth. However what I d like to get your opinion on is if let s say we look at the whole set of companies on sp500 is this belief taken for every company ? Or do we say only some stock price diverge from the intrinsic value, but for some other it s actually the correct one. ( Otherwise investment opportunities would exist in all wouldnt it ?) +It seems to me like it's a great company with low debt. It's in a cyclical industry (RV) and with current times it may have some sales impact. However, it look good for long-term. What are your thoughts? +Can anyone clarify what the strong aversion to RKT is? + +Current market cap of $1.7b with free cash flows of more than $5b. P/E is 4x. + +Using their mortgage products is an absolute dream compared to literally anything else. + +Debt is high, but thatā€™s because they keep loans on their balance sheet until they sell them off. Until then theyā€™re the servicer. + +The only thing I can see is basic vs diluted shares is downright insane. + +137m basic shares +1.9 BILLION diluted shares + +This share difference is the only reason I havenā€™t bought yet + +Am I reading this correctly that shareholders could be diluted up to 14x in the future? + +Even with the dilution market cap would be roughly $25b at current share prices and that gives you about 5x free cash flow. + +Assuming revenue cuts in half with a slowing market (maybe even 1/3 to be safe), thatā€™s 10x or 15x free cash flow. + +And itā€™s getting better as it keeps selling off. + +What are other opinions here? What am I missing? (Iā€™m clearly missing something) +The move to monitor all accounts over $600 can be found in the gov website link below. Starting for 2022 fiscal year and willĀ apply to "crypto asset exchanges and custodians." + +https://home.treasury.gov/system/files/131/General-Explanations-FY2022.pdf + +Imagine trying to audit all accounts including your crypto? + +TBH, it's a bit of an over reach. People with under X amount of cash in their accounts isn't a security issue in this country. Has nothing to do with your safety this move. + +We already have to report our crypto holdings mandatory on exchanges like Coinbase. Now it has to be monitored ? You know....Just in case some new investors $1000 worth of Eth is being used to fund world wide terrorist organizations. + +Really this is BS. There's just been a constant attack on cryptocurrency which seems neverending, but you'll never hear anything about a constant attack on banks that continue to facilitate a illegal transactions. +There is going to be a lot of distraction stocks. For example, some will claim SNDL is going to ā€œexplodeā€ donā€™t listen to them, shills and bots will be rushing to get that overtime work in now that our euroapes are reporting $200 for GME. GME/AMC is the way, but primarily GME is the main play here. Donā€™t play into the hands of FUD, Shills, and bots because they are paperhands who regret selling and they are envious of apes who have šŸ’ŽšŸ™Œ so they try their best to get apes to fall off of the path to the moon. Be weary fellow apes. Apes already have shown to persevere and HODL through the heavy storms. I am extremely proud of šŸ’ŽšŸ™ŒšŸ¦. To the moon apes go! I am an ape who loves eating green and red crayons for breakfast. I also like the stonk! +Today, as I was halfway through my workout at the gym, I get a notification on my Android phone: "You have transferred 301 BTC to 1HJ3tECDZA4Zpgux1qK9AXKpRYZWjXXK4" + +Ugh. My entire savings gone. I put nearly every paycheck into buying bitcoins through Coinbase - not one of the early gpu miners =( + +I had used 2 factor authentication with Coinbase, but did not have it enabled for blockchain.info, where I had transferred the coins to. + +Not looking for pity, but hoping this serves as a warning to anyone not using cold storage or some level of 2 factor authentication for large amounts of BTC. I am also curious if I can find out how it happened. Malware on my Android phone or Macbook? + +* Screenshot: http://imgur.com/DNuUG83 +* Link: https://blockchain.info/tx/dbafa6c1225ef8d919369a82530a0708a09738eb8ce26ca4a7482b19f22dea11 + +EDIT: Signed message from my main address: http://brainwallet.org/#verify?vrMsg=C%27est%20la%20vie&vrSig=G8f8rRAcL9%2BPcTTvDLCJu2G%2B46%2Bym2mZVLxoPQK7CQEEavo8QybaQEYiKVKzk0wFIyP7vs9bJG%2FBr04zT%2FXtmeU%3D +ā€˜Tis the season to be thankful and I certainly owe a debt of gratitude to this sub. Apologies in advance for the length. + +One year ago today I made a resolution to get my finances in order, devise a plan to payoff my student loans, and ultimately track every single dollar I spend in 2017. + +I wanted to share my financial journey as so many others here have motivated me with their own stories. + +A bit of context: Spending decisions were always dictated by the balance in my checking account. If I had the money, I bought it. Throughout my twenties I made marginal efforts to save. I had a fair emergency fund and took my employer match on my 401k but that was about it. At this point last year I had 36K in student loan debt spread across 4 different loans. I had resigned to just paying the minimum for so long I kind of forgot I even had them. It wasnā€™t until I told my partner about the debt that I realized this was something I needed to prioritize and knock out. + +Thatā€™s when I stumbled upon r/personalfinance. After a bit of research and a fair amount of vicariously living through other peoplesā€™ success stories, I devised a plan and got to work: + +1 Create a budget. +I found YNAB and within a week I gameified my budgeting and was completely addicted. How far in advance could I budget with the money Iā€™m making today? + +2 Control spending. +My partner and I agreed to control our spending and set soft limits on things like dining out and other forms of entertainment. She had recently quit her job to start her own photography and coaching businesses too so controlling our spending was all the more important. The discipline was tough at first but this sub encouraged us to stick to our plan and simply spend more quality time with each other. + +3 Cut unnecessary costs. +We also moved into a cheaper apartment saving $800/month. + +4 Take advantage of what life gives you. +We were in a car accident and our car was totaled. We could have gotten a new car but chose to see that as an unnecessary expense since we live in a city with ample public transportation. + +5 Get a new job. +A touchy subject in this sub when you read success stories. I worked hard to land an interview for my dream job and was lucky enough to get a little boost my pay. + +6 Change health insurance. +Iā€™ve always been a PPO guy but with the new job I switched to a high-deductible plan. It comes with an HSA to which my employer contributes every month. Free. Money. + +7 Follow the money (Lester Freeman voice). +I followed the money flow in this sub religiously and confirmed paying off my moderately high-interest debt was going to be my main priority. I created a budget category to payoff my student loans and put in $1200 a month. Any extra income each month went here as well. My goal was to pay off the loans by February 2019. + +8 Maintain the momentum. +Eventually the balance on a single loan would be low enough for me to completely pay off if I borrowed from the money I had budgeted for future months. I had a decent emergency fund saved so out of sheer excitement Iā€™d occasionally drop in a payment for a few thousand just to scratch it off my list. The feeling of paying off these loans was contagious and what was once a dream was becoming reality. + +By September I had paid off 3 of my loans and was staring at a $10K balance on the remaining loan. I took all of my future-budgeted money and dropped the final loan payment. Wells Fargo even said theyā€™d pay the interest that would accumulate until the payment posted. Okay it was $14 but Iā€™ll take it. + +Iā€™m now sitting here in December looking back and completely dumbfounded at what I was able to accomplish in a single year thanks to the guidance and support of this community. Now that all my debt is paid off Iā€™m saving for a max IRA contribution come April. Iā€™m now also trying to take out the max (15%) for an ESPP - a personal challenge that until this year I would have thought was a financial impossibility. + +And whatever strategy and discipline I managed over the course of this year is COMPLETELY owed to this community. The questions, challenges, guides, resources, and success stories were an inspiration and motivated us to keep going even when things got tough. To think just a year ago today I had no idea where to start. + +Thank you to everyone in this sub. Youā€™ve truly changed our lives for the better and I only hope that my story can help just as so many others have done for us. Thank you. + +EDIT: Grammar. Itā€™s always the grammar. +The technology in ETH is incredible, we are DeFi, NFTs are built on Ethereum. Food, toilet paper companies and the NBA are all using ethereum right now. That's crazy. Mark Cuban is doing multiple hour long podcasts about intimate details of Ethereum. PayPal has added support for us. + +Ethereum is revolutionary, and the amount of adoption since $200 will happen again between now and $20,000. Lots of people aren't following crypto still, or aren't following Ethereum. You might be sad at the current state of the market, *but you have a leg up on millions or billions of people by being here right now*. + +We may have bull markets and bear markets in between, but we're still early here as hard as it might be to believe, and we're going places. +I have a long call position right now that is expiring in the money. There is very little volume in this option though, so the bid is extremely low. I do not have enough funds to buy the 100 underlying shares to exercise the option though. So pretty much my dilemma is that I can't exercise the option, but also I can't sell it for a profit because nobody is buying. What do I do? +I know there is no crystal ball and no one knows what tomorrow brings. I have been investing for almost twenty years and have gone through a couple cycles. At the same time I built a decent portfolio. However, if I could double it twice, once every 5 years I could retire early and very comfortably. Considering that I would like to hear which stocks do you think have a chance to double? +I mean, in theory, is there no limit to how high a stock can go if no one sells? If literally not a single share was sold would the price ever stop rising? +[https://coinrivet.com/breaking-london-stock-exchange-invests-in-worlds-first-cryptocurrency-bond/](https://coinrivet.com/breaking-london-stock-exchange-invests-in-worlds-first-cryptocurrency-bond/) + +&#x200B; + +Won't be much good when Crypto goes to zero. +I was young and stubborn once and probably was oblivious to the power of savings and caring about being FIRE. I find this a consistent problem when I talk to young people that don't care about saving for their future self and just want to "live life" outside their means. + +What are some ways you think would open the eyes of young bucks to start early? + +What would you say to someone that says "I never want to retire?" +Before I tell you how I fucked up, let me just say I am *very aware* of just how many newbie mistakes I made and how stupid I was. By all means, please feel free to laugh at my disgusting choices... the least my stupidity can do is serve as humor. + +Back in May/June, I bought around 600 Bitcoin at around 2700 USD. I'll let you do the math on how much that cost me. But I believed in Bitcoin. The original plan was just to hold them forever. I was pretty convinced Bitcoin was going to go to $10K by 2018. Had I just left the Bitcoins in my wallet and done nothing, I would be pretty happy right now at $4000 per coin. + +But no. I decided to try my hand at trading altcoins. I started off with Siacoin (this was back when there was hype around Siacoin). + +Put in 10 bitcoins into Sia, at 450 satoshis... Next day, Siacoin went up to 600 satoshis. I was like "Cool, this is easy, I just made a couple thousand dollars in a day." + +Next day I put in 20 Bitcoins into Antshares (now re-branded as NEO). Three days later, it went up as well. "Cool, I just made 10 grand in three days! All I have to do is buy altcoins low and sell high. So easy. As long as I HODL and don't sell in panic and just wait it out until it rises, everything should be fine." + +You can guess where this story is heading... there's no happy endings here. + +Basically, over the course of June, I invested pretty much ALL of my Bitcoins into alts, thinking they were going to keep going up and up. It was pure greed. Of course I should've just kept it in Bitcoin. Of course I should've done my research on some of these altcoins. Of course I should've not bought it at the very fucking *peak* before all the altcoins crashed. + +Curious to see how badly I fucked up? + +Here's a list = all the altcoins I bought, how much BTC I spent on them, and how much BTC they're worth now. Feel free to roast me, cause you could not get more stupid than this (especially putting that much money and faith into some of these altcoins). + +- Siacoin = 246.82 BTC ā†’ 72.94 (minus 70%) +- CloakCoin = 139.27 BTC ā†’ 41.59 (minus 70%) +- Factom = 120.72 BTC ā†’ 44.17 BTC (minus 63%) +- Monero = 18.76 BTC ā†’ 12.96 BTC (minus 31%) +- BitShares = 13.18 BTC ā†’ 4.54 BTC (minus 66%) +- Crown = 10.26 ā†’ 4.05 BTC (minus 61%) +- ZCash = 9.77 BTC ā†’ 4.13 BTC (minus 58%) +- Golem = 9.13 BTC ā†’ 2.7 BTC (minus 70%) +- GameCredits = 8.49 BTC ā†’ 3.1 BTC (minus 63%) +- LBRY Credits = 5.71 BTC ā†’ 2.55 BTC (minus 55%) +- BitcoinDark = 5.03 BTC ā†’ 1.96 BTC (minus 61%) +- Ripple = 4.98 BTC ā†’ 2.03 BTC (minus 59%) +- EmerCoin = 4.76 BTC ā†’ 2.02 BTC (minus 57%) +- Digibyte = 4.38 BTC ā†’ 1.55 BTC (minus 65%) +- Waves = 4.05 BTC ā†’ 2.76 BTC (minus 31%) +- Ubiq = 3.89 BTC ā†’ 1.74 BTC (minus 55%) +- Vertcoin = 3.35 BTC ā†’ 1.2 BTC (minus 64%) +- Lumen = 3.06 BTC ā†’ 0.95 BTC (minus 69%) +- Stratis = 2.96 BTC ā†’ 1.78 BTC (minus 40%) +- SysCoin = 2.76 BTC ā†’ 0.98 BTC (minus 64%) +- Ethereum = 2.53 BTC ā†’ 1.43 BTC (minus 43%) +- MaidSafeCoin = 1.94 BTC ā†’ 0.96 BTC (minus 50%) +- Komodo = 1.93 BTC ā†’ 0.94 BTC (minus 51%) +- Voxels = 1.35 BTC ā†’ 0.67 BTC (minus 50%) +- NEM (XEM) = 1 BTC ā†’ 0.88 BTC (minus 12%) +- BitCrystals = 1 BTC ā†’ 0.41 BTC (minus 58%) +- Ardor = 1 BTC ā†’ 0.34 BTC (minus 65%) +- Wings DAO = 0.25 BTC ā†’ 0.15 BTC (minus 37%) +- Expanse = 0.14 BTC ā†’ 0.05 BTC (minus 60%) + +Why didn't I put in any stop losses? Cause I was stupid. Why did I keep holding onto these coins despite the massive fall in value? Cause I believed they would eventually turn around. + +Trust me, I ask myself every day how I could've made THIS many bad decisions at the same time. + +I totally get you if you think I'm making up this story and how could anyone be stupid enough to spend 200 BTC on Siacoin. Pure greed. I thought Siacoin would keep going up, and I could make a quick profit. + +The only mistake I haven't made is sold any of the coins at a loss. Even as I saw the altcoins go down, I convinced myself that all I needed to do was HODL. + +I'm still holding. Still hoping that eventually some of these might go back up to the value they were before, and I can sell them off at break even. + +Of course I'm tempted to sell them all. Take any BTC I can get for them. Maybe put it into NEO (that train already left though) or some other altcoin that I hope will blow up. But of course that too would be an impulsive mistake. I'm just scared shitless, so I hold. I've made every single mistake I could made, except selling at a loss. + +"Just hold." everyone says. So I do. But the people who say "hold" usually didn't spend 600 BTC on altcoins and watched their portfolio go down to about 200 BTC. + +By the way, I know that when you compare it to USD value, not all of these altcoins have dropped that much. But that's not what I look at. USD value is deceptive, cause BTC keeps going up. + +What I care about is BTC value. I'd give anything to just have my 600 BTC back (which of course would now be worth way more than the $2700 per coin I spent on them). + +I realize that the chances of these altcoins ever going back to the peak that we had in June / July are very slim... the more BTC keeps rising, the less satoshis each of these coins is worth. Trust me, I know how much I fucked up. + +Anyway.... feel free to laugh at my stupidity. + +I'm open to any suggestions as to what to do with my altcoins now, whether I should just sell them back and get ~200 BTC for them, or wait for some of these to turn around... I genuinely don't know how to make this any less of a fuck-up. + +*** + +**EDIT:** To answer some questions that have popped up: + +Some of you are having a hard time believing someone who has this type of money can lose it in such a stupid way. Earning money, keeping it, and growing it are different skills. I fucked up on the last two. + +A few of you asked how I bought 600 Bitcoins all at once. I used an OTC called Genesis Trading. Minimum buy order is 25K. You negotiate a bid, then you wire them the money, and they send the BTC to your wallet. + +I don't have any NEO. I sold it when it got to break even, and then it exploded to current levels. So not only did I fuck up by investing in alts that went down, the one single coin that went up, I sold before it exploded. + +I will reply to comments. I'm just catching up and reading everything that everyone posted and taking it all in. + +Thank you to everyone who replied. +Credit unions like [Navy Federal](https://www.navyfederal.org/about/government-shutdown.php) with a large number of federal employees are offering interest free loans to those affected by the government shutdown. This will keep pay schedules normal for furloughed federal employees who are members of such credit unions. + +Loan amounts are calculated based on the amount of the most recent direct deposit of pay made prior to the interruption of pay. Once direct deposit of pay resumes, the amount credited to your account(s) will be automatically deducted as repayment. + +Places like [Pentagon Federal](https://m.facebook.com/PenFed/posts/10156071242285098), + [Congressional Federal](https://www.congressionalfcu.org/loans/personal-loans/furlough-solutions), and USAA offer similar programs too. + +TL;DR: If youā€™re a federal employee affected by the current government shutdown, your bank or credit union may have support programs in place to minimize disruption to your budget. + +I was asked, what makes it worth its current $60,000 (give or take) price? + +If it can be easily duplicated (i.e. other coins) how can BTC survive? What is preventing someone (or banks or countries) from making their own and running propaganda to gain hype? + +If governments don't back it up (i.e. China just made their own), what makes it worth holding on to? + +What makes it trustworthy? How can we trust a 60,000 coin, that we cant see or touch and its not backed up by anything to promiscuous us a return if something goes bad? ie FDIC. + +I really didn't have an answer other than, the whole point was to decentralize from Governments and to prevent the coin from being printed. Then they turn on that and said, thats another thing, where is it? you can't touch it, and you still need to go through a third party company to pay for things such as going to Home Depot (a home improvement store) and buying a new kitchen cabinet, they use Flexa's checkout system which is assumed to have extra fee's attached to it when making the purchase. + +You can't really pay someone person to person without a third party website? I couldn't answer this. As I never had to give money to anyone so I am not sure if I can out right give BTC without a fee. + +**I really could not put up an argument and only could tell them that I've made money off of it and thats that.... can you guys give me a youtube video or a good read to prove that its worth the investment, its not fake, and its something to look forward to not only now but for the future of our kids.** + +&#x200B; + +Edit: Thank you for all the replies. Many have taken time to follow through with every point I asked, I want to thank you for that. For those that followed through with a long response, thank you! I greatly appreciate you taking the time to teach me. That goes to show that the Bitcoin community and /r/bitcoin as a whole is worth more than a dollar amount. +I found this job on the Jobtoday app and they also advertised the position on Indeed, I got accepted in a packaging position and it's a startup in central London. I have to fill out this employment contract PDF to return \(with a passport scan\) and then follow a link to pay Ā£75 for "DBs check, Record check and Experian". They say this money will be refunded within the first week of employment but they cant pay it as they're not "accredited to apply for checks". They explained in the email that these checks are necessary because I will be working with high value orders packaging luxury items. + +At the bottom of the email it says, " Don't apply for the DBs check if you don't intent to accept the job. We run 3 different checks , we don't over priced the DBS check we know that it costs around Ā£45 , but we run 4 different checks DBs check, Criminal Record check , Public check and Experian , too because you will work with high valued orders . You have to pay for your DBs check fees in value of Ā£75 to validate the contract. You will get your Ā£75 back in the first week of salary . " + +I've only worked cash in hand labour jobs before so as you can imagine this is quite a daunting process to get a job and I'm a bit sceptical, but the pay is Ā£11.50/ph so if it is legit I don't wanna turn this down as I need summer work before I got back to uni. What do you guys think? The PDF contract is 17 pages long, I can supply more information if needed. + +EDIT: Just progressed to next step, and they have requested I get a Ā£75 paypoint voucher and supply the receipt with visible pin. I think this is a scam guys but I supplied my national insurance number will this be a problem? I didn't send my passport scans though. The company is called Aristinas UK and this is their website: [https://aristinauab.recruitee.com](https://aristinauab.recruitee.com) + +EDIT 2: Thanks for the responses everyone, will definitely avoid this company and report them. +Yeah, the title was a little bait and switch, but I did empty my coinbase account. I finally pulled the trigger and took control of my own keys. + +I have always been hesitant to maintain full custody of my bitcoin since I wasn't 100% sure I could reliably and responsibly control it. My personal coinbase holdings were from my early days and it has been a relatively small amount. Plus I've just been lazy. + +However, with everything going on with Coinbase, and rumors that they will be introducing new policies with the US government regarding self-custody, I am pretty worried they will sanction BTC for all US citizens. Yes, I know it's an extreme case, but as soon as things get real and the current elite realize they have holes in their moneybags (inflation, quantitative easing, stimulus, money printing, bailouts, etc...), they will probably take extreme measures to make sure they retain power. +Just out of curiosity, I was having a look at the [ASX200](http://www.asx200list.com) and noted how seemingly out of place it looked when sorted by weight compared to the S&P500 and the FTSE100. + +Makes me a bit cautious about the lack of diversification, thoughts? +Hello, I have a Russian passport, however me and my family have completely moved to the UK around 6 years ago. We have an indefinite leave to remain and all that jazz, and just a month ago we completed all our paperwork and sent of our documents for an English citizenship. + +However, everyone probably knows why, I now doubt we will get our citizenship in the near future. And that means that the financial restrictions (possibly) apply to us. + +I am not very well versed in finance since I am not the one handling it in our family, but i do know that we have over the limit that the government set in the bank. + +I was wondering if any of you know if the restrictions spread to us? Our residence cards make us almost full UK citizens and we have settlement status. My university fees are treated as home, so maybe this restriction would also not apply? + +I am very worried about this, since we can't move back to Russia simply because there was a reason we left in the first place. + +I hope this question follows the subreddit theme and guidelines, if not i apologize. + +Thank you in advance. + +Edit: +I do not have dual citizenship yet, i have settled status which means that Iā€™ve lived in the uk for 5 or more years and i am practically a citizen and do not need to renew visas. However i cannot vote. +The more i read through the ethereum posts it seems like there is now a real hostility towards bitcoin, a few months back everyone was talking about how each has its own merits and are completely different /rely on each other. Now its all death to bitcoin. What happened? + +Either way I won't be ditching bitcoin as easily as everyone else in here seems to have. +This isn't rocket science folks. + +I get a kick out of BTC bag holders who often troll posts on this reddit group, clinging to the notion that one day ETH will give back some of it's market share to BTC, as if there is no reason for the shift that is currently taking place. + +For example, a few weeks ago an "expert crypto analyst" posted this youtube video: + +https://www.youtube.com/watch?v=Y_90ZOJNKOg&t=92s + +As we all know, the exact opposite happened which means anyone who took his expert advice got thoroughly rekt. + +And that is because you can't be blind to the fact that ETH is far superior in every way to BTC and use a chart like a fortune teller uses a crystal ball. + +This is not a see-saw and if it is, there is a heavyweight on one side of that see-saw and a baby on the other side. + +Let me make it crystal clear for the weak hands that have the tendency to get swayed by FUD: + +Technology - ETH wins +Developers - ETH wins +Business Adoption - ETH wins +Dev Team - ETH wins + +You exchange your ETH for BTC? - You lose +Maximalism is a well established idea. We see it in fiat currencies, software platforms, world governments, soft drinks, operating systems, biology, you name it. + +There's a reason why we have 2 major smartphone operating systems, not 7. Things tend to coalesce around one or two winners. + +Bitcoin Maximalists know that, and they assumed the same would be true of cryptocurrencies. But they got a couple of details wrong. + +1. They assumed that Bitcoin would keep innovating at a reasonable pace, accumulating talent and features faster than competing projects. In reality, a toxic culture prevented this. + +2. They under-estimated how "early" Bitcoin was relative to the ultimate size of this industry. We didn't need a mere "coin", but rather a whole new software platform. As it turned out, Bitcoin was a mere proof of concept for something much more significant. + +Bitcoin Maximalists had the right idea, but they were 3 years too early. Many of them (including myself) have joined the ETH project. +So many of you might have heard of Statera. It caught my eyes because the idea of a crypto index fund is virtually unheard of yet in the crypto space. Add to that the deflationary aspect which is a new paradigm for deflationary tokens use-cases. + +Iā€™ve been observing the Balancer AI do its work and it seems like people have high hopes of this project. The Balancer AI liquidity pool continues to grow ($180k) now even while price is dipping. + +And the conventional idea that you have to cash out at the top doesnā€™t apply so much to this token, because you can just leave it into the index pool and have your losses spread across 5 different tokens. Hence making dumps less painful. E.g. if you place $1000 into the index fund > $200 each across 5 tokens, even if STA drops by 50% you only lose $100 as opposed to $500. So I think it really makes whales less likely to cashing out. + +Not to mention that when you add to the index fund you are giving the Balancer AI more power, which in turn helps to support mass dips in the tokenā€™s value during corrections. + +The burning is also working as intended, especially during mass panic sell-offs. Yesterday alone weā€™ve seen ~400k tokens burned. + +All in all I really think this is a simple yet really beautiful financial instrument. And not to mention the first-mover advantage that this index fund has. (A larger and stronger liquidity pool as compared to other copycat index funds that might appear in the future) + +As the developer and team only holds less than 3% of the tokens, this project is essentially now a community-run project. Decentralisation and fair distribution is essentially what cryptocurrencies should be rather than teams holding 90% of tokens waiting to dump on you at the very top. + +Of course this project is really new and itā€™s Super volatile at this stage, as all new projects are. But if this project really takes off this would be the first of its kind crypto project. It is essentially a bet on the golden bull run that everyone expects the crypto market to have in the near term. + +If BTC, ETH, SNX and LINK moons, which is very likely, the tokenā€™s value will get pulled up along with it due to the AI rebalancing the 20% weightage across the 5 tokens. And along with the inbuilt deflationary aspect, itā€™s really quite interesting to see how this all turns out in the near term. + +This would also be a great project to sell to the mainstream when they flood in eventually. Essentially an index fund for the crypto markets. I imagine the boomers would like that. Thankfully enough the pool holds only 5 tokens and they are IMO really great tokens with lots of potential. + +Do check it out and let me know what you guys think. + +Website: https://stateratoken.com/ +Instagram: https://www.instagram.com/stateratoken/ +Twitter: https://twitter.com/StateraProject +Medium: https://medium.com/@stateraproject/ +https://t.me/stateratoken +https://t.me/stateraunofficialpricegroup +https://t.me/stateraannouncement +**Fair Warning: I am a large bag holder of TAU, and a long time well known community member. There are going to be some biases here because I think Lamden has incredible upside and is insanely undervalued in the current climate.** + +**-------------------------------------------------------------------------------------------------------------------** + +**WHERE TO BUY:** + +&#x200B; + +**ERC20 TAU (Not yet swapped to Mainnet):** + +**Uniswap:** [https://app.uniswap.org/#/swap?outputCurrency=0xc27a2f05fa577a83ba0fdb4c38443c0718356501](https://app.uniswap.org/#/swap?outputCurrency=0xc27a2f05fa577a83ba0fdb4c38443c0718356501) + +**Bilaxy:** [https://bilaxy.com/trade/TAU\_ETH](https://bilaxy.com/trade/TAU_ETH) + +&#x200B; + +**Mainnet TAU (Already swapped):** + +**TXBit:** [https://txbit.io/Trade/TAU/ETH](https://txbit.io/Trade/TAU/ETH) + +**--------------------------------------------------------------------------------------------------------------------** + +**Intro:** + +Now that most of the large and mid caps have had major pumps, a lot of that money is likely going to start flowing down into small and micro caps. Today I present to you Lamden (TAU), a blockchain platform flying completely under the radar that you'll want to spend some time researching. Lamden is a brand new blockchain written completely from scratch in Python with a strong focus on ease of development. This is an ICO project from early 2018 that has done things the right way, including securing years of runway during a bear market where other projects spent most of their money marketing and then dying out. Lamden has been preparing for this bullrun for a long time, ready to strike when the time was right. Mainnet was finally launched after about 2.5 years of ongoing development on September 16th, 2020. Since then, they've been slowly but steadily gaining the attention of developers and now things are starting to materialize. There's cool dApps and websites popping up all over the place now, many of which I'll link down below for you to check out. + +So, why is Lamden a good investment? Here's an example comparison of some other blockchain marketcap valuations at the time of this writing: + +Elrond: $3.3 billion + +Solana: $2 billion + +Zilliqa: $1 billion + +Lamden: $7 million + +The upside potential on Lamden is absolutely insane if you look at it from a risk / reward perspective. Ask yourself, why are Elrond, Solana, and Zilliqa worth over $1 billion and Lamden is only $7 million? Because nobody knows about Lamden, but they will soon. Elrond, Solana And Zilliqa have all had massive pumps and Lamden hasn't pumped at all. + +&#x200B; + +**Some quick facts about the Lamden blockchain:** + +10,000+ Transactions Per Second + +The transactions are lightning fast and nearly instant. Think Raiblocks / Nano but WITH smart contracts. You really have to try it yourself to see how fast it is, it's impressive. + +If you join us in telegram and mention that you came from r/CryptoMoonShots I'm more than happy to use our brand new telegram tipping bot to tip you some free mainnet TAU out of my own pocket so that you can try out the dApps for yourself and see how blazing fast the network is! Please join us! [t.me/lamdenchat](https://t.me/lamdenchat) and mention @twistedspine I've got some TAU waiting for you. + +Has its own smart contracting language in Python called Contracting + +Wallet has a built in IDE for coding and deploying smart contracts to the network, although any Python IDE will work just fine + +Developers who create dApps currently receive 90% of the transaction fees generated. So if you build a dApp on Lamden, you're greatly rewarded. It's not only easy to build on Lamden, it's very profitable. + +There is also an infinite ongoing bounty, where you can receive $400 ($200 cash, $200 in TAU) for creating a dApp for the network. Many people have already successfully collected this bounty. For more information please visit here: + +[https://www.reddit.com/r/lamden/comments/l8nesr/the\_lamden\_infinite\_bounty\_is\_here\_build/](https://www.reddit.com/r/lamden/comments/l8nesr/the_lamden_infinite_bounty_is_here_build/) + +**It's important to understand: You can program your dApp in any language you want. It's the smart contract that interacts with the blockchain that is written in python. Then you can code the front end in whatever you want. There's already a Javascript library, a Unity plugin, and more coming soon.** + +&#x200B; + +**There is a lot of exciting stuff in the pipeline, but here I have highlighted the two most important dApps coming:** + +**RocketSwap** \- A community built DEX AMM with an innovative token model. This is going to blow the doors open and make Lamden easily attainable for everyone, as currently it's very limited on exchanges and availability. + +Some unique details on RSWP, Rocketswap's native token which will have a fair launch: + +1. Users get it by yield farming +2. The token is used to pay discounted fees on the DEX AMM +3. Once all RSWP is farmed it has a variable deflation mechanism +4. It also functions as a DAO token + +The finishing touches are being put on RocketSwap as we speak. I'd ballpark it's somewhere in the neighborhood of 2-4 weeks out, with the ETH bridge allowing cross-chain swaps coming shortly after. The focus of the project is on ecosystem development, so we'll also be reaching out to other unique projects and working to create a bridge to Lamden, optimizing for TVL on the network. + +&#x200B; + +**Underground Warriors** \- Underground Warriors is a PLAY-TO-EARN PVP style game where you can trade your NFT characters, level them up, fight against friends or opponents to gain rewards, develop a unique strategy, collect pets, characters and more! + +Website: [www.undergroundwarriors.io](https://www.undergroundwarriors.io) + +A blog on why Underground Warriors chose Lamden over other blockchain platforms (an important read): + +[https://undergroundwarriors.medium.com/undergroundwarriors-d524a095b6db](https://undergroundwarriors.medium.com/undergroundwarriors-d524a095b6db) + +If you've heard of Block Duelers, both BD and UW were created by community members of Lamden (Garrett and Diego, respectively.) Block Duelers is launching on ETH and is likely to be ported to Lamden later down the line, but Underground Warriors is launching exclusively on Lamden. Read the above blog to understand why. Diego is an absolute beast of a developer, and this game is massively under the radar! This is one you really should look out for! The website is excellent and lets you connect the Lamden Wallet for purchasing the pre-sale which is almost complete. + +&#x200B; + +There are some rumors in the community that [yearn.finance](https://yearn.finance) (YFI) is being ported over to Lamden. Can't confirm or deny, but I share this to point out that there's a LOT of stuff being quietly developed under the radar, many of which we don't know about until they are released. We have brand new people randomly popping up and dropping dApps all the time, so there's definitely steady growth happening. + +&#x200B; + +**Here's a brand new site for developers, please check out this documentation if you want to build on Lamden! It's designed to make learning to build on Lamden very easy:** + +[https://developers.lamden.io](https://developers.lamden.io) + +&#x200B; + +**Download the official Lamden Wallet here (Chrome Extension):** + +[https://chrome.google.com/webstore/detail/lamden-wallet-browser-ext/fhfffofbcgbjjojdnpcfompojdjjhdim](https://chrome.google.com/webstore/detail/lamden-wallet-browser-ext/fhfffofbcgbjjojdnpcfompojdjjhdim) + +**Please Note: The official Lamden Wallet only holds Mainnet TAU, so PLEASE DO NOT SEND ERC20 to the Official Wallet! Store ERC20 TAU in an ETH wallet like Metamask until you are ready to swap. We don't want anyone losing tokens, so please be careful.** + +&#x200B; + +**Awesome dApps to check out that are already live! (these all require the Lamden Wallet chrome extension):** + +**Lamden Paint** \- Paint on a large mural directly on the blockchain: + +[https://paint.uselamden.com/](https://paint.uselamden.com/) + +**Soccer Lamdenship** \- A fun soccer game where you kick goals vs a goalie: + +[https://soccer-lamdenship.io/](https://soccer-lamdenship.io/) + +**Blacktau** \- A game of blackjack that runs entirely on-chain: + +[https://blacktau.io](https://www.blacktau.io) + +Soccer Lamdenship and Blacktau were both created by one of our developers and community members Diego, who is currently building the game Underground Warriors which looks incredible and is going to take full advantage of the Lamden blockchain features. + +&#x200B; + +**Other Important Links:** + +&#x200B; + +**TauHQ** (list of all dApps currently on the blockchain): + +[www.tauhq.com](https://www.tauhq.com) + +&#x200B; + +**UseLamden** \- A site with useful links including an Offline Paper Wallet generator: + +[https://uselamden.com/](https://uselamden.com/) + +&#x200B; + +**Telegram chats**: + +**Official**: [t.me/lamdenchat](https://t.me/LamdenChat) + +**Traders of the Tau**: [t.me/Tradetau](https://t.me/Tradetau) + +**The LamDegen Lounge**: [t.me/TheLamdenLounge](https://t.me/TheLamdenLounge) + +All the memes and uncensored chat goes in The LamDegen Lounge \^ + +&#x200B; + +**Discord (Link never expires)**: + +[https://discord.gg/SkwstQ2](https://discord.gg/SkwstQ2) + +&#x200B; + +**Reddit**: + +[www.reddit.com/r/lamden](https://www.reddit.com/r/lamden) + +&#x200B; + +**Latest Roadmap**: + +[https://blog.lamden.io/the-2021-lamden-roadmap-d0ef0d84450a](https://blog.lamden.io/the-2021-lamden-roadmap-d0ef0d84450a) + +**Latest Weekly Write-Up**: + +[https://www.reddit.com/r/lamden/comments/ld0g68/a\_new\_website\_and\_ledger\_soon\_lamden\_weekly/](https://www.reddit.com/r/lamden/comments/ld0g68/a_new_website_and_ledger_soon_lamden_weekly/) + +&#x200B; + +**Thank you SO MUCH if you've read this far! Join us on telegram and come collect your free TAU and take our wallet and dApps for a spin, you won't be disappointed!** + +**In my opinion it is only a matter of when, not if this moons. Thanks for your time!** +I think I had like $10-$30 worth of Bitcoin back in 2015 that i never spent and forgot about until a couple days ago when I decided to check it on a whim after seeing an email from the wallet company. Sooo happy I never spent it and wondering how much I would have if I had bought more. Anyone else have this happen? +With the American football season ramping up it got me thinking about how we can get more Americans to buy Bitcoin, as well as more people in general. Superbowl ad. It costs roughly $10-15M for a 60 second spot which could explain the benefits. "We" can choose to let the media continue to define Bitcoin or we can take a stab at defining it ourselves. Would be willing to pay 5% more to have it follow a Capital One or Bank of America ad. + +Things to cover: + +* Store of value AND currency +* Decentralization, low fees +* Growing adoption +I'm curious how many of you had a partner throughout your growth into HNW or UHNW and if that person is in the same category financially. If you didn't, did you have someone who just didn't adapt with you? Interested in the relationship dynamics here +Disclaimer: please do not turn this into a flame war. Responding to a candidateā€™s election is a different topic than oneā€™s opinions on the candidates themselves. Part of the reason why Iā€™m posting this question here is cause Iā€™d expect folks of the types of success relevant for FatFIRE would have a good sense of the relative decorum as well, so please donā€™t prove me wrong. :) + +Curious for how folks are planning ahead for the outcomes of the upcoming election, one way or another. Are folks adjusting business plans? Investment plans? Probably not planning on changing much since it wonā€™t make for that much of a difference/have enough liquidity to not really care? Interested in seeing peopleā€™s perspectives here. +I (24M) just graduated university and work in a ā€œboringā€ industry. Solid pay and work life balance. I was curious are there others that are working in non tech fields?? If so, what do you do? Most posts Iā€™ve read have been by those in the tech industry... I just want some reassurance that I can FATfire without being a SWE lol +I have gone through sentdexā€™s python for finance series. In that series, he primarily used equities for his examples. I think the material will transfer over pretty well, but if anyone knows any resources more geared towards MM or fixed income, id appreciate that. Also, I have really just been focusing on python syntax without spending too much time reviewing the overarching concepts of OO programming, so if anyone knows of a helpful review of the basic to intermediate OO programming concepts, Iā€™d also appreciate that. Thanks in advance +New to all of this. Obviously there aren't just great winning strategies readily available, but many of these books describe simpler ones. + +Where do people typically find starting points for strategies? +I've spent a lot of time on Quantconnect for backtesting and am finding a lot of significant errors in their data which is pushing me away from the platform. I know it's possible to purchase my own data and import it into LEAN (Quantconnect's trading engine) but before I go that far, I am interested in checking out some other platforms. What backtesting platforms have the most reliable data that you've found? Would need the capability of backtesting with multiple stocks so a site like TradingView would be ruled out. I'm even willing to deal with the frustrations of working on a platform with poor documentation and support if it means getting the most reliable results. + +Note: I don't need high granularity of data. Ideally 4 hour but could also use 1 day. +I am quite new to random walk theory so please excuse my rather simply put question but I am wondering how can quant trading desks and other algorithmic trading firms exist if there is the random walk theory? Wouldn't it suggest if there is the random walk theory, noone can not outperform the market? + +And as a second part of the question regarding random walks: Is there any research on random walks and the behaviour of limit order books? i.e. this Paper by Rosu models a limit-order book using Markov processes and a Markov perfect equilibirium: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=710841 + +Would a random walk in order book dynamics not suggest that models like this aren't of any use? To my understanding such a model makes sense, as there are agents interacting in a limit order-book that are to a substantial part algo trading driven and therefore they follow some kind of pattern that (should) make it possible to model this behaviour of such an limit order-book? +Will crypto last through all of it? + + +More than likely. Crypto price runs on hype and hope and there's gonna be both during a major downturn. + + +That being said, it's still speculative, and will continue to be until/if there's good reason for everyone to interact with it. And speculative investments are NOT where the money stays during major downturns. + + +You know what does go to the moon? Layoffs, interest rates, political and social strife, corruption, disease, death. + + + +That's what to prepare for. Have a safety net of some kind. Do you have savings for if you or your partner(s) get laid off? + + + +What do you do if the place you're renting gets sold off to cover some landlord's margin, and the new buyer raises your rents past what you can afford? + + +Do you have skills and network and savings to survive if suddenly your luck goes worse for 3-6 months? + + +If not, that's where to focus. + + +Learn from the past. + + +P.S. some of the biggest false rallies happen during downturns, so try to stick to whatever DCA/plan you have and try to avoid fomoing in more. + +Edit: This was such a nice conversation about horrible things. Thanks r/cc! +Hi /r/personalfinance! + +My husband and I have been married for about two years and we just recently bought a house together. We have not joined our finances at all, but it's starting to get to be a pain having to pay bills and then get a check from my husband for half, or the other way around. We keep talking about joining finances to make this easier, but we have a couple of hurdles we need to cross and I'm looking for some advice. + +1. I budget religiously using YNAB. I don't necessarily *stick* to the budget I make and frequently move stuff between categories, but I'm at least cognizant of where the money I have is set to go and I have several categories that I know can't be touched. My husband has tried but doesn't really have any interest in tracking his spending or using the budget program. I don't necessarily have a problem with us joining finances and me handling the budget/account reconciliation side of things (I actually enjoy budgeting!), but I don't want my husband to feel like he needs my permission to spend money, and I am worried about the possibility that it will end up being me just basically tracking his spending rather than really working toward making sure we're setting enough aside for savings, etc. +2. I love my bank, but it has its drawbacks. I currently bank with Ally and have a 0.10% interest rate on my checking account and a 1.35% interest rate on my savings accounts. That's great, except I have no way to deposit cash. It's rare that I get cash, but usually I have to give it to my husband to deposit and have him cut me a check if I want to put it in my bank account. My husband banks with a credit union but they don't have interest checking and their savings rates are lower and they have minimum balance requirements. If we combine our accounts at my bank (my preference) we'll just have to deal with having cash on hand, but I hate that. Would it be a bad move to get a checking account with a local bank just to deposit cash in to transfer it to my Ally account? + +Are there any other issues anyone's come across with joining finances that we should look out for? I read through a few older threads on this topic but nothing really jumped out as being my situation so I figured I would make a post and see what pf has to say. +The reason why the curve is flattening is because we are on a lockdown... no? + +I don't see the logic in saying because the curve has now flattened, it's okay to open back up everything again. It's like blocking a leak with a tape and saying "oh that stopped the leak. So it should be okay to remove the tape." without actually fixing the source of the leak. + +Unless we find a vaccine, develop herd immunity or spend long enough time in quarantine so the virus is completely eliminated, I can't imagine things going back to normal. I think as soon as we reopen everything again, we will see another surge of cases. + +I think the market expects everything to be blow over soon because we've reached the "peak" for now but aren't pricing in the fact that we will be impacted by Covid19 for far longer than May. +Watching that wonderful rise and seeing it ripped out from under us and then the aftermath of "regulators" threatening Redditors made me realize just how F'd the stock market is. It's not a free market. + +I'm so angry about it but also I'm pissed at the government for letting them do it. + +Meanwhile they keep printing dollars as if it doesn't mean anything. + +From now on my free cash goes into Bitcoin. I don't believe in the stock market or the dollar. + +When the Market crashes due to fraud and greed again and when the dollar collapses as a result we'll be sitting here with bitcoin which will skyrocket. + +The first trillionaire will not be Elon Musk. It will be Satoshi Nakamoto. +Iā€™ve seen a number of companies online and now on LinkedIn that sell themselves as developers that work with common folk investors. + + +Has anyone invested in a company like this? What has your experience been? How did you evaluate disk/reward compared to an index fund or mutual fund? +Hello all! + +This post is my first step on scratching an itch Iā€™ve had for a while. + +Iā€™m basically set for life. I have enough put away in ultra-low risk investments that I can generate enough income to sustain my lifestyle forever without having to work ever again. + +After a recent exit, however, I have enough to make some riskier plays. + +I came up in startups and early stage companies in finTech, so thatā€™s what I know and mostly whom I network with... + +Iā€™ve been looking for new opportunities, so I got involved with a larger VC firm and with an incubator. Itā€™s going well and I found some good potential in entertainment and hospitality, but I keep having this nagging feeling that there are many opportunities in other sectors that Iā€™m not seeing. Iā€™m just so laser focused on my area, that itā€™s unfortunately all Iā€™ve had time for. + +So Iā€™m wondering if thereā€™s a place where I can talk with other people moving in other sectors. + +Iā€™m not talking about some 2 bit money manager trying to sell me the latest and hottest shit, blah blah blah... Iā€™m just talking about a place where I can just chat and catch up with a handful of other investors/entrepreneurs who operate in other industries or even regions of the world. A place to just talk shop without selling each other anything, but instead updating each other on whatā€™s hot outside of our core areas. + +Has anybody formed or belongs to a group like that? I donā€™t mind if itā€™s in different cities (I just relocated to LA) I can travel once a month or quarter for such events. +Quick background on our situation: We're both 32, worth ~$6.5-7m. I'm in tech, my fiance is in finance. I was an exec at a tech company that recently IPO'd, and I've since stepped away. My fiance makes ~$300k / yr, loves her job, and no plans to stop working anytime soon. No kids yet, but the plan is to have 2. We're in a MCOL city. + +Both my fiance and I grew up very middle class, so I don't feel like our taste is out of control, but we certainly like to travel, eat out, etc. If we could continue to go to a restaurant and not be concerned with prices, or travel to a place we saw a picture of once without budgeting for a month, I think we'd be happy. + +My question is, how do you know if FIRE is right for you? I've been "unemployed" for a few months now, and I have absolutely no desire to go back to work yet. I know $7m isn't quite enough to "live the good life" forever, but it feels like I can coast for a while. + +What do you tell people when they ask what you do for a living? Are you concerned if you do step away for a while, its hard to find a job that pays what you're used to? What do you do all day if no one your age is "retired / unemployed / just not working", esp. your spouse? + +Really appreciate any thoughts or experiences. +30yo living in LCOL city in the Midwest. + +First my financial situation: + +Relatively high income for the area of ~$150k + or - depending on bonuses. + +Current net worth of $615k. No mortgage on personal residence except heloc (see below). + +Assets: $1.260M + +8 rental properties (1 duplex) so 9 doors held within LLC. Total ARV = $365k + +Self-Directed Roth IRA that holds 2 properties with ARV of $103k (plus $8k in checking account) + +Average ROI across rental properties of 15% after expenses. + +3 ā€˜flip housesā€™ in process with total ARV of $350k ($202k in them right now so using this for NW for now) + +~$110k in 401k, mostly money market, ~20% in index funds + +$50k in wifeā€™s 401k + +$7k in wifeā€™s tIRA + +$17k in HSA (index funds) + +About $10k in precious metals + +Personal residence worth $300k + +$80k cash + +Liabilities: $643k + +$250k heloc balance (prime+1) +$108k package loan for 3 properties (5.5%, adjusts after 5 years) +$62k mortgage on one investment property (5.5% locked) +$50k personal loan +$50k Hard money loan (15% int only) tied to one of the flips. +$50k non-recoursable loan in Self-directed RIRA +$73k in 0% credit card debt + +Now my plan: +Due to the availability of good deals on real estate I plan to continue being extremely aggressive on acquiring more rental properties. I know some may think diversification into stocks would be more ideal but I just canā€™t get myself to put money there when I know I can much more directly control the returns of my real estate. Not to mention the depreciation/tax benefits. + +After I sell these flips and pay off my heloc my plan is to: +1. Acquire discounted properties through direct mail/locating distressed sellers. +2. Purchase w heloc and rehab with heloc funds. +3. Refinance after 6 months with local bank. They pay 70% equity and will package properties into a loan (they are the adjustable loan above.) +4. Repeat + +I think I should get a stable portfolio of at least 30 before moving into commercial properties. + +Once I acquire enough rental income to match my current W2 income I think Iā€™ll convert my 401k into a self directed IRA and buy more real estate with it. Iā€™m finished contributing to my 401k for now though, the funds are worth way more to me outside of that bucket at the moment. + +Eventually I also want to begin investing outside of my market. For the time being though itā€™s what I know and Iā€™m hesitant to dive into somewhere remotely. I am not counting on appreciation on my properties, Iā€™m strictly cash flow, buy and hold, with some forced appreciation. + +Iā€™m looking for some FATfirers to poke holes in this. I have pretty recently thrown away my aspirations of leanFIRE or regular fire. I want to have my cake and eat it too and Iā€™m willing to work harder and maybe a little longer to get there. +Apple has a market cap of around $900 billion United States dollars. Cryptocurrencies have a market cap of around $200 billion United States dollars. Governments need to go after the big fish before the little fish. They should be more concerned about Apple's tax avoidance; price gouging; and labour practices. + +[Edit *(Evasion)*: The post should say tax avoidance, not tax evasion, as kindly pointed out by a Redditor] + +[Edit *(Apple)*: Apple was only chosen because it has the largest market cap. The main point here is about proportionality, not Apple per se. Large companies 'misbehave' and govts turn a blind eye. The entire cryptocurrency market - fraction of the size of a major corporation - faces near continual harassment and disproportionate govt reactions]. + +[Edit *(EU Case)*: Apple is indeed being targeted by the EU. Apple is not being banned. Apple is not being restricted. Apple is not being subjected to excessive bureaucratic requirements. Laws are not being instantly changed to stop Apple in future. We cannot say the same for cryptocurrency. The EU's case with Apple is nothing more than political grandstanding. There is little chance that $15billion will ever be paid or demanded in full. The case will likely continue for years so that the EU can make their point. Nothing consequential is likely to come of it]. + +[Edit *(Tax)*: Indeed, many investors in the cryptocurrency industry do not pay tax. Many (not all) governments and regulators have yet to clarify their positions on the legal status of coins and tokens. They have yet to clarify if they are currencies, assets, commodities, or some hybrid. They have yet to construct accounting standards. If a tax accountant cannot explain/define the tax implications of cryptocurrency investment, they cannot expect individual investors to read their minds and abide by a framework which does not yet exist]. + +[Edit *(Populism)*: Someone made a comment about this sub-Reddit becoming like soap opera. This made me laugh. I did not expect this post to reach the top of the Bitcoin sub-Reddit otherwise I would have chosen a better analogy. To those of you who think this is populist, I apologise and sympathise lol]. +From my perspective, it looks like almost 100% guarantee they will be fucked. + +Setting aside the profitability issues (i.e none), SoftBank pulling out as their main backer is the key. + +Without SoftBankā€™s support, wework would collapse. + +And now because of COVID19, thatā€™s killing the entire office market. And they wonā€™t have the time to make those revenues back up just to service the debt on those long term leases. + +Am I right or am I missing something ? Iā€™m curious if anyone can still defend wework and Iā€™d be happy to see if anyone can play devilā€™s advocate +Quick question here: other than the vast financial uncertainty regarding Trumps victory, will Trump really be that bad for the stock market and the US economy? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# šŸ™‹ ā€‹[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/) + +# šŸ“š 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 tradeā€“ then this is for you + +# šŸŸ£ [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! +Lately I have been struggling to find a place to safely store all of my credentials at one place with easy of accessibility, like net banking, Kuvera, Zerodha credentials, MF folio numbers, insurance details, card details & PINs. +Would it be wise to put all of these details on a Google Spreadsheet? What do most of you do? + +I'm just a layman freaking out with the News articles . With a -24% growth rate are we going to be in a negative growth for years? + + +I read from TOI that by EOY after Q2 INDIA Would still be in a negative growth better -1 to -8 % if we are lucky. + +Meaning would take India about next year 2021 Q1 just to reach the already historically low growth of Jan 2020. + + + +Can anyone eli5 how bleek our futures are and what everyone here should do instead the f freaking out? +For the past three years, my husband and I have been receiving several magazines that we never signed up for. We didn't think too much of it because we sign up for a lot of those "Enter to Win!" type deals, and we just figured that we'd won magazine subscriptions or something along those lines. + +Today, my husband got a phone call from a debt collection agency telling us that we owed $969 for these magazines. As you can imagine, we were floored because we had never been contacted about overdue bills, bouncing cards, or anything like that. After pushing for details, we seem to have pieced the story together: back in May or June of 2016, there was a fraudulent charge on his debit card. He didn't think too much of it and went about reporting it as fraudulent in order to get the card closed. The card was closed, but apparently this magazine company - a company called Readers Direct Publication Inc. - continually tried to charge a closed card, racking up this apparent debt that we owe. When I tried to find this company, all I found were dozens of BBB complaints about this company about the exact same thing happening to other people. This company has no website, no phone number, no address, nothing. I can't find a way to contact them and, when my husband asked the debt collector for that information, she basically told him that she couldn't/wouldn't provide us with this information. + +My husband is trying to cancel all the magazine subscriptions. He's only called one so far - ESPN - and they told him that they couldn't cancel it because a third party held the account. She suspended the account and, when he called the phone number that was provided to him of this third party, he was told to call another company. That company told him to call another. That final company did not answer because they are "away on a team building retreat" or some bullshit. + + +What can we do about this? I normally would just ignore such a blatant scam, but the debt collection agency is legit (Pacific Collection Group), and my husband's credit score has already been hit (-36 points). I have reported them to the BBB. I also have a debt validation letter drafted and ready to be sent via certified mail to the debt collector, but the fact that my husband's credit score is already being negatively affected doesn't give me much hope for getting out of this. + +Edit: Thank you all so, so much for your comments and advice. I'm going to read through all of them today, but I am definitely going to send that letter! +Seems about right + +"An official in the Heilongjiang province added that local investment figures in the province were inflated by at least 20%, or roughly 100 billion yuan ($15.7 billion). Driving these revelations are internal pressures for local officials to lure external investment projects. A Jilin finance department staff member told China Daily that in past years they reported the forecasted investment value as the investment figure, whether it had been achieved or not. This meant that the bigger the reported growth, 'the higher the likelihood of being awarded the project." +http://blog.nvestly.com/chinese-officials-admit-to-faking-economic-data/ +Haven't seen anything like this since 2000. It's doubled itself in the last 3 months. And it's a large cap company not a penny stock. + +What do you think will happen next? +Iā€™ll keep this short and sweet. Last I posted about my [Options Profit Calculator iOS app](https://apps.apple.com/us/app/options-profit-calculator/id1471273380), a bunch of yā€™all asked me if I could make a feature that instead gives YOU what it thinks will be the most profitable options based on your expected move. + +Iā€™m here to deliver. **Itā€™s still a work in progress**, but hereā€™s a look at whatā€™s available in one of the recent updates to the app. + +[https://i.imgur.com/mgpwQl7.jpg](https://i.imgur.com/mgpwQl7.jpg) + +Along with refining this feature and making it perfect (watch out for glitches/crashes and please just send me an PM/email so I can quickly fix them), next up is an option scanner! +Markets up 10% today and the whole financial world is acting as if the crisis has been solved. 24 hour news cycles will really do that to you. Donā€™t forget what is happening. Our President is going out telling everyone that weā€™ll be up and running in 2 weeks, no doubt propping the market up (ahead of a relief bill - that surely will be disappointing). The drag this crisis has had on the economy and consumer and will have going forward is substantial. Governors are speaking out telling Trump to shut up and help. Cases are still growing exponentially. We have not flattened the curve. Our public health system is not set up for this type of disaster. Trump is trying to choose economy over lives and will soon realize itā€™s not his choice to make. + +SPY 200 / 210 / 220 / 230 Puts starting 4/3 bi-weekly through end of May. Might keep going after any other pump from the passing of this bill +**$GME wont be available for the Short\_wanksters anymore** + +[https://www.nyse.com/markets/nyse-arca/notices](https://www.nyse.com/markets/nyse-arca/notices) + +Short sale restrictions > Map with 2021 in the name > 202102 > in the excel sheet +Everytime someone compares hot and cold wallets they say that keeping your private keys offline makes them safe, that makes people think hot wallets can get hacked through the internet. + +For a hot wallet to get hacked there needs to be malware on your Device that steals your private keys or if you allow a malicious smart contract to have access to your wallet. + +You can totally have a safe hot wallet if you have a fresh install of your OS (preferably Linux) and some common sense. + +The appeal of a cold wallet is even if you connect it to a device with malware your Crypto is safe, the private keys never leave the wallet, it only verifies transactions. + +Yet for some reason some cold wallets require you to enter the seed phrase on your device to recover the wallet, let's say your wallet gets destroyed in a house fire but your metal seed phrase plate survives, you buy a new wallet and import the seed phrase onto it and a keylogger steals the seed phrase when you enter it on your computer. + +Make sure you import your seed phrase on a safe computer. (Unless you have a trezor model T, it allows you to enter the seed on the wallet itself) + +Edit: someone in the comments said the ledger wallets also support seed entry on the device. +Remember when Roman Mandeleil exited the scene shortly after raising millions with his ICO for the Hacker Gold token? [https://www.reddit.com/r/ethereum/comments/6c23ua/is\_hack\_ethercamp\_dead/](https://www.reddit.com/r/ethereum/comments/6c23ua/is_hack_ethercamp_dead/) + +It has always been a bit of a mystery as to what exactly happened. Rumours were that he was caught with ill health, though that doesn't really explain the radio silence. Perhaps it would be best to just leave him alone - but perhaps he hasn't really earned that, considering he never bothered to volunteer any kind of explanation or apology over a year after the disappearance. + +My theory is that he decided he had had enough and he simply had made enough money to just bail on everything and everybody that supported him and his project. The ICO finished in December 2016 when ETH was worth less than $10. Imagine how bad he must have felt a few weeks later! + +Really though, don't worry about him so much, he has been having a great time with your money! + +&#x200B; + +https://i.redd.it/w1a5ta60kjx11.jpg + +Cheers Roman! +Ive been lurking on a lot of the crypto reddit pages, and while i get a cheap laugh out of some most come across as childish and way too joking for something people want to promote as being a way of the future. Bitcoin is by farrr the worst with the constant barrage of memes, and while i gave up on BTC personally as i dont see it as being successful in the future as both an investment and a function, it saddens me to see memes on Ethereum based sub reddits, cause i see this as actually having use as both investment and as an innovative technology. My closing thoughts are that i hope that the Eth commnity takes itself more seriously than bitcoin does, and that if and when btc collapses (as i personally predict), that ethereum doesnt become the next mainstream meme fest of childish investors. + +curious about other peoples thoughts however. sorry for any gramatical mistakes, posting this both late at night and under the influence +Long story short, things didn't work out and I was given the ring I purchased back. +It's a white gold band with half karat diamond +it also has the wedding band included. +I took it to a "We buy gold" shops and was offered about 140$ for the gold. +I paid 2,500 I know the price was inflated but I would like to get a little more back. + +I'm in minor debt, around 2,000 and would like to pay a chunk of this off. + +Any help on what would be the best way of selling this? + +Edit:I know, I'm young and dumb and learned the hard way. I received way more responses than I thought I initially would and would love to read them all but I really do appreciate the advice... I'll start with craigslist. + +I'm a bit of a goon, not really worried about somebody attempting to steal this from me in public. + +Edit 2: Many requests for picture of the ring... here ya go imgur.com/SuOyBwp.jpg +not sure if it auto hyper links +I simply want to share with you an article by Business Insider I recently read, called "These 3 firms own corporate America". + +The rise of the index investing led to a situation, when the three giant American asset managers - BlackRock, Vanguard and State Street together have more than $20 trillion under management in 2022. + +Together, the Big Three (BlackRock, Vanguard and State Street) are the largest single shareholder in almost 90% of S&P 500 companies, and the largest shareholder in 40% of all publicly listed firms in the United States. + +The individual investors, pension funds and institutional investors own the shares through the index funds, but The Big Three do exert the voting rights attached to these shares. + +The author concludes, that a huge power is concentrated in the hands of very few people, who can change the fate of any company in the US. +I was unaware when I was pregnant and first going on my interview. During the second round of interviews, I found out I was about two months pregnant. Looks like I'm going to get the job offer. The issue I have is around maternity leave. Per their company policy, I have to be employed for 1 full year before I'm benefitted for maternity leave. + +&#x200B; + +This position is about a 20% increase in my salary, compared to my current position. I figured it's still worth it to take the new position, without maternity leave, and just take state disability at 60%. The new position has more room for growth, and a bigger company, which knows how to utilize my skill sets better than my current position. Medical benefits are effective immediately, which is great. + +&#x200B; + +What is/are thoughts on this? Is this irresponsible? Thank you in advance! +Iā€™ve had a recent period of consistent returns which Iā€™m very happy with it considering the amount of time I have been actively trading. + +I look at my returns and trades and in theory, if I were to double, triple, quadruple each position, my returns would reflect that too. + +Iā€™m still a little reluctant to just scale up in case there is something else I am missing and I donā€™t have enough data to know if my returns will remain consistent. However based on how I am trading eg lots of small to medium scalps, occasional big winner I donā€™t see why it would change and my daily returns are very consistent each day. + +For those who started to scale up their trading, what was the catalyst and was anything different when you took bigger positions? Did your returns match your increased stake or did they change because you (consciously or subconsciously) traded differently? +Doing my taxes today reminded me I would get a tax credit of up to $1,600 for installing solar panels on my roof. Not a huge amount, but not a bad start. So I looked up my energy usage for the last three years that I have been in my house. Average power bill is $60, excluding one month last june where I paid $210. Basic research on my area, and solar installation ranges $15,000-$18,000. I don't see myself moving out in the next 10 years, but also don't see myself staying much longer than that. + +Basic math: I've spent less than $800 a year on energy. Even after the max tax credit I can qualify for, and assuming a system on the lower end, and assuming 100% reduction of my power bill from day one (which I haven't seen anyone promise), I'd be looking at over 15 years until I recoup the installation cost. + +What am I overlooking? +Here is how it went +1. Called 1-800-FIDELITY + +2. During the automated part, I said "i want to do direct registration of my shares" + +3. I got connected to someone who did not ask any questions, he said "I understand you want to transfer your shares to Computershare, let me connect you with a specialist" + +4. Got put on hold for about a minute or two then got connected with an "active trader" a super nice lady. + +5. She asked what she could help me with, i said i wanted to do direct registration of 50% of my shares and she said sure let me put you on a brief hold while i pull up the instructions. About a two minutes after she verified some information with me and asked for confirmation. I confirmed and she gave me a transfer request number. Super painless and easy, no questions asked as to why i was doing it. + +6. Lastly i asked how long the process would take and she said she honestly had no approximate time frame. + +Tldr; process was painless and easy. It took no more than 10 minutes. Will continue to buy more in Computershare once everything gets settled. LFGšŸš€ + +EDIT 1: someone mentioned about requesting to transfer the most recent acquired shares (for tax purposes in terms of short/long term tax lots) . +I called back, got transfered with an active trader again. I provided him with the transfer confirmation number I was provided and asked if they could please transfer the most recently acquired shares. He put me on hold for about 5 minutes while he connected with someone from the transfer department. He said that my most recently acquired shares would be the ones to transfer which consisted of different cost basis (makes sense, can't stop buying). + + +EDIT 1 Tldr; you can call back to request to transfer the most recently acquired shares. Easy, no questions asked + +EDIT 2: forgot to add i asked this new active trader about the process timeframe and he said 3-5 business days. +&#x200B; + +[EXPERIMENT - Tracking 2019 Top Ten Cryptocurrencies ā€“ Month Twenty-Six - UP +354&#37; ](https://preview.redd.it/ntzhjdz7csn61.png?width=666&format=png&auto=webp&s=94ef781f6d3ab177cbab163b0814c11fae8e0b33) + +***The full blog post with all the tables is*** [***here***](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-26/)***.*** + +Greetings to all and WELCOME to newcomers! This is the monthly report for the 2nd of 4 concurrent homemade Top Ten Crypto Index Funds, the Class of 2019. + +**MOONS GIVEAWAY**: ***80*** ***Moons to the first person to name the artist and title of the hidden song in this post. That's worth about $5 (80\*.062) at the moment, just enough to treat yourself to a*** [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/) ***special membership!*** + +**A very long tl;dr:** + +* **What's this all about?** I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for over three often very panful years. Did the same in 2019, 2020, and 2021. ***Learn more about the history, rules, and FAQs of the Experiments*** [***here***](https://toptencryptoindexfund.com/about/)***.*** +* **Top Performers of February** \- **BTC** and **Tron.** +* **Overall since Jan. 2019** \- **BTC** takes back lead from **ETH,** *both are up quadruple digits since Jan. 2019!* 2019 portfolio up +354% (vs. S&P's +56%), every coin in the green, **XRP** worst performing. +* **2018+2019+2020+2021 Combined Top Ten Portfolios are returning 247% compared to +32% return of S&P** + +## Month Twenty Six ā€“ UP 354%Ā Ā  + +[2019 Top Ten - now second place behind the 2020 Portfolio](https://preview.redd.it/6g27cnb2hsn61.png?width=1145&format=png&auto=webp&s=4b53b26d18b5cc46962edea4027125fb0fed9899) + +Although it is no longer the best performing of the fourĀ [Top Ten Crypto Index Fund Experiments](https://toptencryptoindexfund.com/), the 2019 Top Ten had a very strong February and its second straight all green month.Ā Ā **BTC**Ā andĀ **Tron**Ā led the way and the portfolio as a whole increased from +260% to +354% in just one month.Ā Ā  + +## February Ranking, Movement Report, and Dropouts + +For the second straight month, the only crypto that managed to gain ground wasĀ **Stellar**, up one position from #10 to #11.Ā Ā  + +The rest of the field lost ground in the rankings: + +* Bitcoin Cash ā€“ down one place (#10ā†’#11, and out of the Top Ten) +* Tether ā€“ down two places (#3ā†’#5) +* XRP ā€“ down three places (#4ā†’#7) +* Tron ā€“ down three places (#21ā†’#24) +* EOS ā€“ down four places (#18ā†’#22) +* BSV ā€“ down six places (#17ā†’#23) + +[2019 Ranking as of Feb 2021. BSV dropping quickly, XLM back in the Top Ten](https://preview.redd.it/xh7pb0g5hsn61.png?width=367&format=png&auto=webp&s=345e4b3bc0a6b7366956f8f1ca6ad0d0c10c739a) + +**Top Ten dropouts since January 2019:**Ā After twenty-six months of the 2019 Top Ten Experiment 40% of the cryptos thatĀ [started in the Top Ten](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/)Ā have dropped out.Ā Ā **EOS**,Ā **Bitcoin Cash, BSV,**Ā andĀ **Tron**Ā have been replaced byĀ **Binance Coin, Chainlink, Cardano,**Ā andĀ **Polkadot.** + +And this monthĀ **BSV**Ā andĀ **EOS**Ā joinedĀ **Tron**Ā as the only 2019 Top Ten cryptos that have dropped out of the TopĀ *Twenty*.Ā  + +## February Winners and Losers + +***February Winners***Ā ā€“Ā **BTC**Ā (+46%) andĀ **Tron**Ā (+44%) were the 2019 Top Ten Portfolioā€™s best performers this month followed by another strong showing byĀ **XLM**Ā (+32%).Ā Ā Ā Ā Ā  + +***February Losers***Ā ā€“ Always a good sign for the 2019 portfolio whenĀ **Tether**Ā is the worst performer.Ā  AfterĀ **USDT**Ā cameĀ **BSV**Ā with only a +3% gain this month.Ā Ā  + +## Tally of Monthly Winners and Losers + +Which crypto holds the most wins or losses over the life of the project?Ā  Hereā€™s a snapshot of the winners and losers over the first twenty-six months of the 2019 Top Ten Experiment: + +[2019 Top Ten Ws and Ls](https://preview.redd.it/epyd7svihsn61.png?width=374&format=png&auto=webp&s=5dbda946fbd680cd9917bdfde5d268e0c72ee8fa) + +**Tether**Ā has the greatest number of monthly victories (7) followed byĀ **BTC**Ā with five. This tells us 27% of the time (i.e. seven times out of twenty six months) every crypto in the 2019 Top Ten Portfolio has finished the month in the red.Ā Ā Ā  + +**BSV**, although up +93% since January 2019, leads the loss column with nine losses out of the twenty six months of the 2019 Experiment (i.e.Ā **BitcoinSV**Ā has lost 35% of the time).Ā Ā **BTC**Ā andĀ **EOS**Ā are the only two cryptos without a monthly loss compared to their 2019 Top Ten peers. + +## Overall Update ā€“ BTC takes lead from ETH. BTC and ETH both up over 1000%.Ā  2019 Top Ten is up +354%. All cryptos in green, XRP in last place. + +Thanks to its first place showing in February,Ā **BTC (**\+1195%) has overtakenĀ **ETH**Ā (+1025%) for the lead in the 2019 Top Ten Experiment. The performance of both cryptos this month has helped the 2019 Top Ten Portfolio reach another milestone: the first two cryptos to be up more than +1000% sinceĀ [January 2019](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/).Ā Ā  + +The initial $100 investment into first placeĀ **Bitcoin**? Currently worth $1,320. + +After twenty six months 100% of the cryptos in the 2019 Top Ten Portfolio are either flat or in positive territory. Not countingĀ **Tether**, the worst performing crypto isĀ **XRPā€™s**Ā \+23% gain. + +Although the 2019 Top Ten Portfolio is up an impressive +354%, it has lost Best Performing Top Ten Index Fund Experiment bragging rights to the 2020 Top Ten Portfolioā€™sĀ [\+426% gain](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-14). + +## Total Market Cap for the Entire Cryptocurrency Sector: + +[Total crypto market cap up a massive 773&#37; since Jan 2019](https://preview.redd.it/90d56v6ohsn61.png?width=850&format=png&auto=webp&s=a045dc2d818fe74863afccbd616624c92e3c287c) + +SinceĀ [January 2019](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/), the total market cap for crypto is up +773%.Ā  + +The total crypto market cap gained nearly half a trillion (with a T) US dollars in February, just one month after finally reaching the $1T milestone. + +For the fifth straight month, the total market cap finishes the month at a record high since the 2019 Experiment began twenty-six months ago. + +## Bitcoin Dominance: + +[BitDom leveling off...for now.](https://preview.redd.it/oargao3uhsn61.png?width=738&format=png&auto=webp&s=de075a5441b25dd732b01e37f2590e7478eaf8b2) + +**BitDom**Ā slipped one percentage point to 61% in February, a non-event in crypto.Ā  If youā€™re new to the space,Ā **Bitcoin Dominance**Ā is a helpful figure to keep your eye on: a fallingĀ **BitDom**Ā percentage means Alt Coins (cryptos other than Bitcoin) are on the rise. + +For context, the table above shows the progression over the last twenty six months withĀ **BTC**Ā domination ranging between 50%-70% since theĀ [beginning of the 2019 Experiment](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/). + +## Overall return on $1,000 investment since January 1st, 2019: + +[2019 Top Ten Portfolio ROI](https://preview.redd.it/vg9ze13yhsn61.png?width=325&format=png&auto=webp&s=e3222a0a225b3ddf0b23f9424dde347038094831) + +Another great month for the 2019 Top Ten Cryptos: they gained almost $1000 in February.Ā  Twenty-six months later the value of the initial $1000 investment isĀ **$4,543**. That makes four straight months of record returns for the 2019 Portfolio. + +Hereā€™s a table summarizing the monthly ROI over the life of the 2019 Top Ten Index Fund experiment: + +[2019 Top Ten ROI Summary](https://preview.redd.it/85i7gkk0isn61.png?width=722&format=png&auto=webp&s=4ebe26f110b1f576808ec35979bacd20edefae7a) + +The 2019 table is the exact opposite of theĀ [2018 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-38), which is completely red except for one green month. The first month was theĀ [lowest point](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/)Ā (-9%) with some single digit bumps along the way.Ā  The high point is now.Ā  The previous high point?Ā [Last month](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-25/). The one before that?Ā Ā [Two months ago.](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-2-year-report/)Ā  You get the picture: itā€™s been a great run for the 2019 Top Ten in recent months. + +At +354%, the 2019 Top Ten Portfolio has dropped to second best performingĀ [out of the four Experiments](https://toptencryptoindexfund.com/).Ā  First place is the 2020 group of Top Ten Cryptos, up 426%.Ā  Over the years, itā€™s been a back and forth battle between the 2019 and 2020 Top Ten Portfolios for supremacy, but this monthā€™s breakout performance has given the 2020 group a commanding 72 percentage point lead over the second place 2019 Portfolio. + +## Combining the 2018, 2019, 2020, and 2021 Top Ten Crypto Portfolios + +Speaking of other Top Ten Portfolios, letā€™s put them all together now: + +* [2018 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-38): up +15% (total value $1,150) +* [2019 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-26): up +354% (total value $4,543) +* [2020 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-14): up +426% (total value $5,264) +* [2021 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-2): up +194% (total value $2,936) + +Taking the four portfolios together, hereā€™s the bottom bottom bottomĀ *bottom*Ā line:Ā  + +**After a $4,000 investment in the 2018, 2019, 2020, and 2021 Top Ten Cryptocurrencies,**Ā the combined portfolios are worthĀ **$13,893**Ā ($1,150 + $4,543 + $5,264 + $2,936). + +**Thatā€™s up +247%**Ā on the combined portfolios, a record high for the Top Ten Index Fund Experiment project. + +Hereā€™s a table to help visualize the progress of the combined portfolios: + +[ Combined ROI of all four Experiments](https://preview.redd.it/o9puqwf4isn61.png?width=578&format=png&auto=webp&s=5a305918c53d36e8eb8110cd8637c340cd031b68) + +In summary:Ā ***Thatā€™s an +247% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st for four straight years***. + +## Top Ten Index Approach vs. All-In Approach + +But what if Iā€™d gone all in on only one Top Ten crypto for the past four years? While many projects have come and gone over the life of the experiment, only five cryptos have remained in the Top Ten for all three years:Ā **BTC, ETH, XRP, BCH,**Ā andĀ **LTC.**Ā So letā€™s take a look at those five: + +[All in on ETH or BTC? Good call so far. ](https://preview.redd.it/ihww9ui8isn61.png?width=981&format=png&auto=webp&s=468abc4aec069cb75e74f1a3722e28332af5903b) + +Since I started tracking this metric, thereā€™s been a bit of a back and forth betweenĀ **Bitcoin**Ā andĀ **Ethereum.**Ā Ā This month, for the second time in a row,Ā **ETH**Ā would have given the best return on investment:Ā Ā **$4,000 into** **Ethereum**Ā in $1k chunks once a yearĀ **would now be worth an impressive** **$27,794**. Thatā€™s up +826% and a pretty good argument for dollar cost averaging.Ā  + +In second place, going all in onĀ **Bitcoin**Ā with $4,000 USD would have yielded +747%, turning the initial investment intoĀ **$25,400.** + +**XRP**, would have been the worst four year all-in bet, with a return of +88%.Ā  But even that is nearly double the return from traditional markets (more on that below). + +And the Top Ten Index Fund approach?Ā Ā  + +As you might expect, as indexes are designed to mitigate risk, the +247% gains of the Top Ten Index Fund approach fall somewhere in between.Ā  The Top Ten strategy isnā€™t keeping up withĀ **ETH, BTC,**Ā orĀ **LTC**, but it is outperforming a hypothetical all-in investment in bothĀ **XRP**Ā andĀ **BCH**Ā by a healthy margin. + +Alright, thatā€™s cryptoĀ [madness](https://www.youtube.com/watch?v=Ek0SgwWmF9w)Ā this month. How does crypto markets compare to the stock market? + +## Comparison to S&P 500: + +Iā€™m also tracking the S&P 500 as part of the experiments to have a comparison point with traditional markets.Ā  The S&P 500 sputtered in January, but gained about 5% in February, reaching yet another all time high. It's up +56% since Jan. 2019. + +The initial $1k investment I put into crypto two years ago would be worth $1,560 had it been redirected to the S&P 500 in January 2019.Ā  + +For traditional markets, +56% in two years is spectacular and well above what investment advisors use as a planning figure (about 8%/year).Ā  + +Yet aboutĀ *three hundred percentage points behind*Ā the return of the 2019 Top Ten Portfolio over the same time period. + +But what if I took the same worldā€™s-slowest-dollar-cost-averaging $1,000-per-year-on-January-1st crypto approach with the S&P 500? It would yield the following: + +* $1000 investment in S&P 500 on January 1st, 2018 = $1460 today +* $1000 investment in S&P 500 on January 1st, 2019 = $1560 today +* $1000 investment in S&P 500 on January 1st, 2020 = $1210 today +* $1000 investment in S&P 500 on January 1st, 2021 = $1040 today + +Taken together, hereā€™s the bottom bottom bottomĀ *bottom*Ā line for a similar approach with the S&P:Ā  + +**After four $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, and 2021, my portfolio would be worth $5,270.** + +That is upĀ **+32%**Ā [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/)Ā compared to aĀ **+247%**Ā gain of the combined Top Ten Crypto Experiment Portfolios, a difference of 215%Ā ***in favor of crypto.*** + +You can also compare against five individual coins (**BTC, ETH, XRP, BCH,**Ā andĀ **LTC)**Ā by using the table above if you want, but Iā€™ll save you the scroll: even the lowest performing crypto (**XRP**) is still returning double the S&P over the same time period. + +Hereā€™s a table providing an overview of the four year ROI comparison between a Top Ten Crypto approach and the S&P: + +https://preview.redd.it/sxhuanapisn61.png?width=768&format=png&auto=webp&s=ec5588b4809e40edb2e4cc7d3954591cc340b606 + +The 215% difference is by far the largest gap since I began tracking this metric last year, even with stocks at all time highs. + +## Conclusion: + +Another fantastic month for the 2019 Top Ten Portfolio and for the Combined Experiments, especially when compared to traditional markets.Ā  Although it did lose its front runner status compared to the other Top Ten Experiments, it will be interesting to see if the 2019 Top Ten Cryptos can mount a comeback and regain the lead in the coming months.Ā Ā Ā Ā  + +To both new and long time Experiment followers: thanks so much for reading and for supporting the Top Ten Indexes, I hope youā€™ve found them helpful. I continue to be committed to seeing this process through and reporting along the way.Ā  + +Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects tracking the Top Ten cryptos as ofĀ [January 1st, 2018](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-38)Ā (the OG experiment),Ā [January 1st, 2020](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-14), and most recently,Ā [January 1st, 2021](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-2). + +For those just getting into crypto, I hope these reports can somehow help you see the highs and lows of what might await you on your crypto adventures.Ā  Buckle up, think long term, donā€™t invest what you canā€™t afford to lose, and most importantly, enjoy the ride! + +Again, warm welcome to the newcomers to [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/)!!! +This question is inspired by this assertion: + +&#x200B; + +[ https:\/\/twitter.com\/AlboMP\/status\/1270113041401516032?s=20 ](https://preview.redd.it/32mvcp5qvs551.png?width=587&format=png&auto=webp&s=05b1c64062204f9e71222a2bc0bef0bf1ab8a49e) + +Indeed, [this ABC article](https://www.abc.net.au/news/2020-02-16/childcare-fees-more-expensive-than-private-school-costs-research/11961946) shows that Australian childcare fees can be as expensive as private schooling. But what is the cause of this? + +* Are the suggestions in that ABC article correct about it being due to a lack of publicly-funded childcare? Or will public funding of childcare just lead to more inefficiency? +* Is it really fair to [blame "corporatised NGOs and commodified care"](https://twitter.com/Progressive_Con/status/1272772554906730498?s=20)? + +What can be done to fix this problem? Or is should this problem be left alone since anything we might do might just make the sector more corrupt and inefficient? +This question is inspired by this assertion: + +&#x200B; + +[ https:\/\/twitter.com\/AlboMP\/status\/1270113041401516032?s=20 ](https://preview.redd.it/32mvcp5qvs551.png?width=587&format=png&auto=webp&s=05b1c64062204f9e71222a2bc0bef0bf1ab8a49e) + +Indeed, [this ABC article](https://www.abc.net.au/news/2020-02-16/childcare-fees-more-expensive-than-private-school-costs-research/11961946) shows that Australian childcare fees can be as expensive as private schooling. But what is the cause of this? + +* Are the suggestions in that ABC article correct about it being due to a lack of publicly-funded childcare? Or will public funding of childcare just lead to more inefficiency? +* Is it really fair to [blame "corporatised NGOs and commodified care"](https://twitter.com/Progressive_Con/status/1272772554906730498?s=20)? + +What can be done to fix this problem? Or is should this problem be left alone since anything we might do might just make the sector more corrupt and inefficient? +I have a problem. + +I'm blessed to not paying rent right now but I buy the food for the house. We are four well-fed adults, if you catch my drift. + +We spent just under $1700 on food (grocery, take out and alcohol) in April. + +I'm so freaking ashamed. Like... I knew it was bad, but finally facing the amount shocked me. There's nothing else to do right now while under a stay at home order... So we get food. We eat. That's all we do. That's the only place my money is going... And it's GOING. It's having other effects, too. I'm sure as a unit, we put on probably 50 pounds in April. Maybe more. I feel bloated and swollen and heavy and gross. + +I'm on unemployment until May 11 when I go back to work. I got my stimulus. I'm doing OK financially compared to a lot of people and what do I do? Blow it all mainly on fast food... I have a problem. My whole household has a problem. + +I keep thinking what I could have done with that extra $1000... I know we could have done fine eating on $700 for the month. I'm embarrassed. I'm begging for help here. I'm publicly shaming myself in hopes it'll kick my butt into gear. + +Anyone else who shares this food spending problem? Anyone overcame it and have words of advice or encouragement? I can't keep doing this. I've got very expensive visa applications to pay next month. + +Help me... +If the GME tokenized shares were the locates for the stock like we suspect, with the FTX collapse removing them as their locates, price action won't start before T+2 at a minimum. Of course they can FTD and drag this out for over a month while they try to figure out how to create more fake shares. My guess is they are currently FTD everything and borrowing to short as hard as they can to keep the price controlled. They are literally borrowing every available share the moment it comes available. They may finally lose control over the stock price if there's any significant catalyst in the next few weeks. + +[https://www.reddit.com/r/Superstonk/comments/yvb3px/the\_moment\_any\_amount\_becomes\_available\_they\_are/](https://www.reddit.com/r/Superstonk/comments/yvb3px/the_moment_any_amount_becomes_available_they_are/) + +This theory is entirely based on the FTX Tokens as locates, so we may not see price action until T+35 when GME goes on RegSHO and SHF are forced to close their positions to reduce FTD. If true, we could expect to start seeing some major price action in December, just like in 2020, before major price action in late December and early January '23, when they are forced to buy-in and close FTD short positions. That is unless they figure out a way to create more synthetics and more fake shortable shares via another method. I think the current market rally is longs repositioning while shorts take profit. Anyone who understands the significance of the FTX collapse will see the nuclear bomb that is the crypto markets, and now the crypto institutions are starting to eat themselves. + +Jan '23 is looking spicy! +Hi, yā€™all - lurker here. Coming to yā€™all for some advice. + +My boyfriend and I just moved in together and have been splitting groceries 50/50 but it turns out that we donā€™t eat evenly. With both of us being broke, I canā€™t justify paying 50% of the monthly groceries when Iā€™m only eating 35-40% of them. Or we eat different things but still split them (for example, he hates bananas but I love them). How do yā€™all manage this? My boyfriend is also in agreeance that our current 50/50 split isnā€™t fair but weā€™re not sure how to make this work. + +Weā€™d prefer to do our weekly shopping together in one trip (and not take separate trips, where we each buy our own food, kind of like how roommates might do it) but am struggling to see a way to make this work that wonā€™t require multiple steps and a lot of time figuring it all out in the store (who is paying for what, etc). + +Does anyone have any advice for us? + +Thanks yā€™all!! + +Edit: yā€™all need to chill with the judgment about the spirit of our relationship - this isnā€™t the relationship advice subreddit. Thanks for everyone who gave helpful advice - just trying to figure this out so we can make the most of our income! +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. +Hello, you may know about a coin called United States Dollar (USD), my friend is deep balls in it, it is the only coin that he have ever invested in his live, and have good adoption, but i think that he was scammed: + +1. Most coins like Bitcoin have limited supply and fixed mint of coins that decreases as time passes, but USD looks like that have a unlimited supply, they increased the supply in 40% since the last year, and since 2009 it lost 24% of the value, 100 USD from 2009 have the same value as 124 USD from today, the coins of my friend just loses value. +2. It just goes down drastically against the major currency, Bitcoin, in the start of January of 2011, with 1 dollar you could buy 3 Bitcoins, and in the start of January of this year 1 dollar could buy about 0,00003 Bitcoin, and today is even worse, 1 dollar can buy only about 0,000018 Bitcoin. +3. The network is very centralized, just one entity called "central bank" create new coins, and other entity called "federal reserve" control the supply, and you need to trust in large corporations called banks, that have the custody of your coins. +4. It is very used to do crimes and money laudering, like basically 90% of all criminal activities and money laudering in USA are done with USD, much more used than others coins like Bitcoin and Monero, this might be very dangerous. + +What do you think? What i do for my friend stop investing in this shitcoin? +I work at a small real estate advisory company (<25) doing marketing and graphic design (only one on the team), but I also do HR work and random tasks no one else wants to do. I've been here for around 10 months. Despite being small, we definitely make money and have hired 2 executives in the last 4 months and a new junior employee. My current salary is $38.4k (~$18.46/hour), and in the research that I've done, I'm being underpaid by about $8-12k. I have about 3+ years of experience. + +My boss mentioned during my initial review last week that I'm not being fairly compensated for the work I do, and when discussing what I'd like to be paid, I shot for the stars and said $25/hour (~$50k). They also mentioned that they'd like to give me added responsibilities if I'd want it. + +If they low ball me and give me <$42k, is it bad to decline the added responsibilities if I feel like I'm not being fairly compensated for the work I do now, let alone more? I've heard from other employees that the management tries to sometimes add work but don't necessarily like to pay for it and I don't want to fall into that because I feel bad or something. Any advice would be great. + +**EDIT**: I just met with both my bosses, and they initially proposed some incentive-based program where I earn commission off deals I work on. The thing is, I wouldn't be working on deals ALONE and I'd be coming from a marketing standpoint, so I'd be trying to get the word out about our products, but if someone in sales dropped the ball or those delivering the presentation etc., then we wouldn't get that signed contract and I wouldn't get that deal. I'd also *most likely* make <4-5% because everyone else (including the company) will be taking their cut. + +I respectfully declined and said that I'd be more comfortable with a higher base salary and we agreed to $23/hour starting June 1st, and then a bump to $50k starting Jan. 1. **Thanks for all your advice/feedback/help, PF!** +Daniel Wang was the CEO and founder of Loopring, and last year, he left his company. He then cofounded Taiko Labs this year. + +&#x200B; + +https://preview.redd.it/mv1jib5r3d691.png?width=589&format=png&auto=webp&s=5444499fe8e085e4f2cf8ca862aa8b4ee22502d8 + +This got me curious so I went to Taiko's website to see what it is: + +https://preview.redd.it/rlu2pwu34d691.png?width=1034&format=png&auto=webp&s=46f5868332d55eb5af5c64c1a1c30f784bac8895 + +So basically, what they want to achieve is to allow dapps developped for Ethereum L1 to migrate without further work to Ethereum L2. This is a BIG deal. All the dapps made for L1 could be moved to L2 to profit from faster and cheaper transaction. + +So how is this relevant for Gamestop ? + +https://preview.redd.it/3mjdccar4d691.png?width=1304&format=png&auto=webp&s=f2122104bc347f6beeeabfe250688df2a81cfc8f + +What you see on this picture taken from gamestop wallet website's are officially announced partners for Gamestop's wallet. So you can connect to those dapps with your wallet. For example, IMX's games are dApps you will be able to connect to, same thing for Loopring's DEX, etc. The NFT marketplace itself is a dApp to connect your wallet to. Also a partnership with Sushiswap was just announced yesterday. + +https://preview.redd.it/ds1om54l7d691.png?width=1294&format=png&auto=webp&s=f7fe30e9135b723f42da82c3e58491b33c93267a + +I think that Taiko's ultimate goal to bring L1 dApps to L2 is pretty big for Gamestop, because this is the way to mass adoption for the wallet and the marketplace. All the dApps currently working on L1 will work on L2 in no time. That means even more partnerships in the future. **One wallet to rule them all**. + +I believe that Daniel, after being done building Loopring's protocol (which Taiko also profited from) , moved on to work toward a greater cause. And this is it. + +Mass adoption for L2 will accelerate Web3 development, and we're going into a new era of the internet, with decentralization and tokenomics. The Metaverse will be the playground and true ownership with NFTs will play a major role in this. Gamestop is positionning itself on the front row for this revolution. Power to the players. +I just want to share this because I see a lot of success stories but not a lot of fails. I just want to help balance out the conversations to paint a more accurate depiction of trading outcomes. + +I was pretty deep in an altcoin when the price was about $0.17. I sold out of the coin a few weeks ago. Last week the coin pumped to nearly $5. I would have made $260k if I just held onto it. This would be life changing money for me. Although having those gains would be great, it didnā€™t really stress me out when I realized I missed out. + +Moral of the story is: Itā€™s easy to see the success stories and get FOMO or feel inadequate about youā€™re own investment gains. Just keep in mind, stories like mine are just as common as the success stories. +401k employer plan - Ive had it for almost 3 years. The broker let 17,500 cash sit for almost 3 years - He never invested it. I just now asked him to do something with it and he put it all in RALCX fund class C with annual expense ratio of 2.07%. I asked him to move it to RALSX with expense ratio of 1.07% but he said I need a balance of 25,000 to do so. + +I am new at all of this - Am I correct when believing that 2.07% is too much? Where should I ask him to move my money that wont cost me as much? I am a long term investor and have a long ways to go until retirement. Thank you. +If one of the goals of BAT/Brave team is better ad privacy/effectiveness they may have already helped achieve that goal. I don't think it's a coincidence that within a week of the BAT ICO Google has announced: + +* Joining "The Coalition for Better Ads" +* New Ad blocker to be built directly into Chrome. +* Launches Google Contributor - site sponsor/ad skipper program + +Probably not the best news for BAT, but great for the rest of the internet. +Since the dawn of time people have struggled with weather changes. Today, we have smart and connected sensors to help us be more informed. we present a decentralized model for a weather data exchange network that uses blockchain technology to safely market, transact and reward participation. It facilitates formal verification using mathematical technique to validate the code administrating transactions, and elevates the security of the most sensitive or financially weighted trades.. +For more information visit us on http://weatherblock.org/ +I'm just gonna leave [this](https://np.reddit.com/r/ethtrader/comments/4b4tej/how_bloody_long_does_kraken_take_to_process_a/d168as1) here + +**EDIT:** + +For clarity, I'm not referring to Kraken issues (which aren't really "issues"). + +I'm referring to what the Kraken employee says about a "far more massive" wave of new clients than expected that's rushing to get some ETH. +I am a 22yo investor with only a few months of experience and I am really interested in long term investments with dividends so I can begin building my ā€˜snowballā€™. I am planning on starting a dividend based portfolio with $1000 and have been trying to research dividend aristocrat stocks with high dividends. +My main issue right now is looking primarily at the dividend yield rather than the stock as a whole. What are some good metrics for long term success of a company that look past just the dividend payout? +The stocks I have been most interested in to begin this portfolio: +T +O +MMM +PEP +JNJ +IBM +LEG + +I would love any and all advice, thanks for reading! +Does anyone own SPHD? What are your thoughts of it? It looks like they're just rebalancing for 2021 and seems promising. I originally didn't like it because of how much it has underperformed something like SCHD or VYM but might buy some. +Why is $VALE not often mentioned, itā€™s currently at a lower price but holds a 8-10% yield in payouts. I understand there has been controversy in the past and lawsuits, but itā€™s a fairly consistent stock in an industry that isnā€™t going away anytime soon. Iā€™ve often carried a few hundred shares and sold CCā€™s for more income. +As more companies join the broad boycott of Facebook and Instagram, I think FB really needs to diversify from advertising. They are looking for ways to do it for years now, without success. Their Libra project was meant to become their payments vertical but failed so far. It's still too early to judge if Oculus VR sets will really take off. Compared even to Google (Iā€™ve posted earlier about their plans to offer credit to business in India), FB is in the very beginning of this diversification process. + +[https://www.theverge.com/2020/6/26/21305065/coca-cola-pause-ads-facebook-social-platforms-july-boycott](https://slack-redir.net/link?url=https%3A%2F%2Fwww.theverge.com%2F2020%2F6%2F26%2F21305065%2Fcoca-cola-pause-ads-facebook-social-platforms-july-boycott) +Credit Suisse Research Institute puts the number of millionaires worldwide at 56 million total, of which 40% are in the United States. (Source: [https://www.economist.com/graphic-detail/2019/10/22/millions-of-millionaires](https://www.economist.com/graphic-detail/2019/10/22/millions-of-millionaires)) + +There are many, many things that all millionaires can have and buy. A full bitcoin is not one of them. This number is likely even lower due to several additional factors: + +* Institutions and individuals buying it, holding, and not selling anytime soon +* Satoshi's stash plus lost coins +* Coins in the hands of non-millionaires + +among others. This 0.375 BTC number however gets lower and lower over time because: + +* More fiat is issued, creating more fiat millionaires +* BTC is lost +* BTC is bought and held by everyone else + +If you have this amount, there are only two possibilities for you in the next 10 or so years: I. BTC fails. II. BTC wins (I actually believe like many that it has already won), and you will be a fiat millionaire (in today's purchasing power, let alone future years purchasing power). In this case, you should celebrate not because you have one million dollars, which might as well be less useful than toilet paper in ten years, but because you can buy and have whatever it buys today. + +An important point mentioned in this research is that " The total net worth of all millionaires stood at US$158.26 trillion. " That's the lower bound for BTC's total addressable market (TAM). No other shitcoin has that, because they are trying to be something else than money: bitcoin is the soundest money, and there is no close competitor (like Michael Saylor would say "this story about 60% dominance is bs. It's like 95 or 96 percent dominance"). Hence it's pointless to compare whatever market cap they have with bitcoin. The important conclusion from that is that bitcoin has the highest risk-adjusted upside potential: we are talking about a 150x from here **at least**. Whatever shitcoin you can think of that has surpassed, let's say, 20 billion market cap, is competing with some 10 others on a single digits trillion dollar addressable market (other than money) at best. Money printing helps us more than it helps them (i.e. our TAM increases at least as much as theirs). So there is really no point in holding any other coin other than bitcoin **if you believe that either bitcoin alone or "crypto" is the future: either bitcoin alone succeeds, and it offers you the best return, or bitcoin and others succeed, and bitcoin offers you the best return.** The only reason to hold other coins is if you wanna gamble. In that case, your fate is a nice -99.99% either in fiat terms or in bitcoin terms sooner or later. + +Now an also important fact on **billionaires**: + +This has been said repeatedly and I believe it is worth repeating once again: **we are seeing the biggest wealth transfer in the history of the world**. If you read the mainstream media you might have read multiple times that "billionaires have never been richer", "billionaires wealth are growing faster during the pandemic", etc. These are half-truths (or lies). Their wealth is shrinking and it is shrinking fast in BTC terms. I'd be surprised if there was one single billionaire whose wealth decreased by less than 95% in the last five years. + +For those willing to do the math, here's the historical billionaires list: + +[https://stats.areppim.com/stats/links\_billionairexlists.htm](https://stats.areppim.com/stats/links_billionairexlists.htm) + +I invite those knowledgeable in how to put this through to come up with something similar to [https://www.pricedinbitcoin21.com/landing](https://www.pricedinbitcoin21.com/landing) but for the world's richest people over time. Will be nice to see how the money game looks when you are counting points with the soundest money on earth instead of monopoly money. +Some of the Worldā€™s Richest Brace for a Major Stock Sell-Off + +https://www.bloomberg.com/news/articles/2019-11-12/world-s-rich-readying-for-major-stock-sell-off-ubs-wealth-says +Hi all, I've been pondering a question that I thought I'd put out to the crowd here. + +Let's say I purchase $1 worth of Bitcoin today, and eventually at some point in the future it grows in value to be worth $5. If I use that BTC equivalent of $5 to directly purchase a product/service from a business that accepts BTC payments, does that mean I don't have to pay Capital Gains tax on $4? + +EDIT: Thanks all, I have the answer to my question. But there has been some good discussion here that hopefully can benefit others. + +Just one point of clarification: In my question's example scenario, I am not selling the BTC at all, just trading $5 worth of BTC for goods. And I understand now that the appreciation I experienced of $4 is a taxable capital gain once I cash it in for USD or use the BTC to barter for goods/services. +Last weekend I noticed a charge to my account from Uber for a $150 fee. I filed a complaint saying that I never took that Uber and canceled the trip because she took to long to show up. I now got emailed pictures of puke in her car and I am getting fined. What should I do? How do I prove that this wasn't me and get out of this fine. + +update: Haven't heard back from Uber. I just filed a dispute with my card operator. They said it will be tough, but she understands what happened. + +Update: They tracked my phone and saw that whoever took the ride changed the address mid-route. I was refunded fully and credited $10. Very thankful for this and Uber's support team. Thank you for all your advice! + Robinhood, a digital brokerage firm, announced on Thursday it would offer no-fee checking and savings accounts alongside its brokerage accounts, with an enticing 3 percent annual interest rate. + +Brokerage firms often offer accounts for customers to hold cash until it can be invested in securities, but those accounts aren't meant to be strictly for savings, SIPC's Stephen Harbeck said. + + [https://www.cnbc.com/2018/12/14/sipc-chief-raises-concerns-to-sec-about-robinhoods-free-checking-accounts.html](https://www.cnbc.com/2018/12/14/sipc-chief-raises-concerns-to-sec-about-robinhoods-free-checking-accounts.html) + +On Robinhood's website, it explains that users need to sign up for a Robinhood account to get the checking and savings accounts. But it says users do not need to invest to use the accounts, something Harbeck says is contradictory. + +Brokerage firms often offer accounts for customers to hold cash until it can be invested in securities, but those accounts aren't meant to be strictly for savings, Harbeck said. Money sitting in such accounts but not intended to buy securities may not be covered by the SIPC, which insures accounts for up to $250,000 of cash in the case of a broker's failure. + +The former Army sniper has had some experience with that. His tenure at the the Securities Investors Protection Corp., beginning as CEO in 2003, spans the liquidations of Lehman Brothers, Bernard L. Madoff Securities, and MF Global. + +Cash balances sitting in accounts collecting interest for a long period of time also skirt the SIPC rules on what's covered in the event of a collapse, Harbeck said. It may fall under the category of a loan because the brokerage can take that money and invest it income-generating investments like Treasury securities. A loan wouldn't be covered by the fund. "We want to make sure that investors know there's some risk there," he told CNBC. + +The SEC, which oversees SIPC, declined to comment. + +Robinhood did not immediately respond to a call and email for comment. + +&#x200B; +Just got'em today and pretty excited. And stressed. + +First job/investment and looking forward to seeing how things turn out :-) + +EDIT: Here is a picture of some of the parts I got: http://imgur.com/mpBTUJ9 The rest of it is still on the trailer, and that is all tarped down as I have no space and it's going to rain tonight. +Nasdaq: +New York, NY +Newsfile Corp. - February 14, 2022 + +ā€œBankersDream is a new DeFi project aiming to implement asset collection into the realm of cryptocurrency through the creation of three asset categories. BankersDreamā€™s utilization of methodologies that strive to fully explore the benefits of token functions is a unique approach that sets it apart from myriad other tokens. Furthermore, multifaceted token systems help garner a vibrant ecosystem built upon an asset that aims to remove ephemeralityā€”rapid buying and sellingā€”from their project. + +Functions of BankersDream + +BankersDream is the first step in the genesis of three different asset categories. In short, inquiry into the possibilities afforded by the token itself is not a new concept in the realm of DeFi; however, BankersDream narrowed its focus to utility of the token itself, and spotlights the importance of the reflections function within a smart contract. + +Reflections are generated through a transactional tax that every purchase and sell undergoes. Reflections are rewarded automatically every sixty (60) minutes and do not need to be claimed: they are sent to respective wallets automatically. + +Realizing solely reflections would not extract the full potential earnings of tokens, the BankersDream team coordinated with their community to further stratify possibilities for fund generation. Collectively, the team and community designed a new function: BankersWhale. BankersWhale employs one and a half (1.5) percent of the marketing tax to create a community investment fund. This investment fund has two (2) purposes: + +Seventy-five (75) percent of the community-fund yield will be distributed to BankersDream holders. Distribution methods will follow the same practice observed in the distribution of reflections; +twenty-five (25) percent of the community-fund yield will be retained for financing development and growth of the ecosystem. +BankersDream continues to research and develop new token functions as they continue to explore all possibilities that align with their overarching goal: fully exploring and bringing to light the potential of DeFi projects and their tokens. + +Creators and Community + +BankersDream is the project of four German-based bankers. This team of four identified the necessity of fresh perspective and approach in token fund distribution functions for future generations and implemented their experience as bankers to bring about this ideaā€™s fruition; however, the team realizes their previous experience in the finance sector does not merit their sole control of the project. Community engagement and collaboration plays a central role in BankersDream and its ecosystem. The BankersDream believes that strong community results in high level transparency amongst all parties involved and an alacrity to strive collectively towards the projects goals.ā€ + [https://www.ledgerinsights.com/sia-blockchain-interoperabilty-financial-services-overledger/](https://www.ledgerinsights.com/sia-blockchain-interoperabilty-financial-services-overledger/) + + [https://finance.yahoo.com/news/sia-partners-quant-network-explore-140000738.html?guccounter=1](https://finance.yahoo.com/news/sia-partners-quant-network-explore-140000738.html?guccounter=1) + +We start to get serious. +***DeFiat (DFT)*** is a fully-governed, deflationary ERC-20 token with a multi-tiered loyalty reward system. Every time DFT is transacted, an amount from the transaction is taken for fees and another amount is permanently burned; naturally reducing supply over time. Holders of DFT are granted proportional voting rights in network decisions, such as setting the burn and fee rates. DeFiat's Unified-Staking (UniStake) platform allows users to stake any ERC-20 token in the governance-chosen liquidity pools, making your money work for you. Users also gain loyalty points, in the form of DFTP, as they interact with the DeFiat ecosystem, resulting in lower fee and burn rates on DFT transactions. + +* Marketcap is still <500k +* Liquidity is LOCKED +* Listed today on Uniswap, no presale + +***You can find all DFT information below*** + +Website: https://defiat.net/ + +Twitter: https://twitter.com/DeFiatCrypto + +Telegram: https://t.me/defiat\_crypto + +Telegram Ann: https://t.me/defiat\_official + +Mainnet Dashboard: https://defiat.net/dashboard + +GitHub: https://github.com/QuantSoldier/defiat + +Official Token Contract: https://etherscan.io/token/0xB6eE603933E024d8d53dDE3faa0bf98fE2a3d6f1 + +Official Uniswap address: https://app.uniswap.org/#/swap?inputCurrency=0xB6eE603933E024d8d53dDE3faa0bf98fE2a3d6f1 + +Uniswap Info Page: https://uniswap.info/token/0xb6ee603933e024d8d53dde3faa0bf98fe2a3d6f1 + +Liquidity lock (6 months): https://etherscan.io/address/0x07508711d9cf3dccea75686dfd206ba6c819f484#readContract +Has anyone attended FinCon in the past? If so what was your experience? I am thinking about attending one in Orlando this year(see the link below...) but debating whether 3 days of PTO and $1,500 expense (fees, hotel, travel etc..) would be worth it or not. + +https://finconexpo.com/fincon18/ + +Thank you! +Ok, maybe I am still stuck on last weekā€™s news where the [Hindenburg nikola report](https://hindenburgresearch.com/nikola/) showed some pretty damning evidence and the otherwise outspoken CEO could not provide a strong rebuttal against those claims this morning . This is clearly a fraud and the stocks really havenā€™t been hit in the way I thought they would have. Why is this? + +Sharing for additional insight: https://youtu.be/znIZznswGTs +I was looking at this page on the IRS site: + +https://www.irs.gov/publications/p970/ch04.html + +Could anyone who better understands or has taken advantage of this deduction before explain in simpler terms how to be eligible for this deduction and how to use it? + +I wanted to make those post for all those people who get those same thoughts as me and tell you what makes me feel better about it all. + +Thereā€™s constant moments where I sit there and tell myself, ā€œman if I would have put my money in...ā€, and beat myself up over what appeared to be easy money. In reality though, there was no way I couldā€™ve known that a company was going to 2X, 3X 4X, etc. The reality is, just as easily as it doubled, it couldā€™ve halved. + +The constant worry, regret, resentment, and remorse becomes too much for us investors, and we have to realize that yeah we couldā€™ve made 240K if we bet letā€™s say 30K of our money on black at the casino and it hit three times in a row. The thing is though, it just as easily couldā€™ve hit red on the first spin and we sit there with nothing. + +Some things to think about. Cheers! +You're disappointed now, because rensole didn't confirm your 10mil/share bias? You're a little whiny baby because Warden didn't confirm your 100mil/share bias and told you what you want to hear? You need some tender loving care right now or what? + +All of you keep preaching not to + +1. hype dates +2. hype people +3. trust your own DD + +**Then fucking do as you say!** + +&#x200B; + +Rensole saying floor might not be 10mil? **Shut up because yours is 10mil!** + +Warden dodges price tagets and may have his <1mil ? **Stop giving a shit because yours is >1mil!** + +Someone on the internet you don't even know says today might not be the day and on 4/20 literally nothing will happen? **Fuck it because we don't do dates here and you know it and you know why!** + +Some smart ape telling you MOASS might be weeks or even months away? **THEN SHUT UP, BUY SOME MORE AND HOLD THE FUCKING LINE BECAUSE THAT'S WHAT WE'RE HERE FOR!** + +&#x200B; + +And now grow yourself some balls, appreciate the work of mods and users who put dozens of hours in this sub for keeping you entertained and doing the DD you're too lazy to do. + +We have one mantra and that is, whether shit hits the fan today or we end up -20%, + +***BUY & HOLD šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€*** +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. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Lately, we've seen such great news and progress for the Ethereum project but this hasn't correlated to price gains. I'm in for the long haul but it's still good to see price gains after these kind of news. We've even hit big landmarks in block numbers, unique ETH accounts, hashrate and difficulty. What's up with the price? +I did the one hour sessions for free, but now, my entire day would be full of people asking to meet up. Is anyone aware if it is legal to not give advice, but education on the subject? + +I was trying to get a discussion going on the scripting developments at Bitcoin. + +To give the necessity of development some extra arguments, I decided to compare the programming capabilities in the Bitcoin network to those of Ethereum, and how the media is writing news articles comparing Ethereum to Bitcoin and saying that Bitcoin is now discussed as just a coin (compared to the early days when it was all about programmable money). + +I'm trying to get the info out that this shift in perception is happening, but instead of this information being shared, I'm getting the censorship hammer everywhere and mod messages telling me that "Discussions about Ethereum belong in altcoin subs". So now /r/btc is doing the exact same thing as /u/theymos has always been doing at /r/bitcoin. Oh, the irony. + +This is freaking ridiculous and /r/ethtrader is the only place where I don't get censored, so where you can read what they are doing. + +For those interested, my original topic: + +https://np.reddit.com/r/btc/comments/45rtb8/fyi_ethereum_is_now_called_an_operating_system/ + +Officially labelled a pump and spam. Read and decide for yourselves. +I'm just curious essentially, I have a stocks and shares ISA, a few accounts on different banks and p2p lending sites, but I've since moved over a large amount of my portfolio into cryptocurrency and I was wondering about other users views on it +I know this isn't a university subreddit but it will have sensible users in good jobs, whose viewpoint I'd like. If it's the wrong fit I'll accept that. + +I used to be at a university in the top ten, and top five in my subject. (Before pandemic) Then personal things happened and I needed to be in London. I applied for UCL but didn't get in and the only other university that does the right course is in the 70s in the rankings and bottom twenties in the subject rankings. I thought I was being overly worried about rankings and the course seemed to have similar modules so I've started attending that uni. + +It's a completely different world. There's eight contact hours, compared to 16-19h in my first university, and even those aren't very challenging. There aren't seminars. I don't have a lot in common with the other students. There's not as much to make the uni a community. + +I'm worried that reputation might be worth more than I thought. + +Does anyone have experiences to reassure me, or to tell me to switch before I spend too much time / money? Do employers care a lot about hiring from top unis? +I'm very new to day trading and have only read one book on the topic. I've recently had the Dunning-Kruger slapped out of me with -$15k so I'm ready to be humble and learn. + +My day job is in IT and I'm self taught in that field. The way I did that was by looking up the syllabus for reputable courses and using that as a study guide. + +If you were to design a syllabus for day trading, what would it look like? + +Thanks!! I'm looking forward to getting into paper trading soon. +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!šŸ¦ +Long time lurker first time poster, advise needed and thanks for reading + +So 3 years ago i was in a car accident with somebody. He was driving over the speedlimit on a icy road and could not brake in time and ended up hitting my tail. Everything went fine and no one got hurt. We filled in the insurance papers and went our way. Couple months later the insurances talked it out and told me that i was in the right and closed the case. I got my money, fixed my car happy ending. Atleast that's what i tought. + +3 years later i get a note from the court that i'm being summoned because the guy is suing me. He changed the whole story saying that i tried to pass him from left and tried to slide my car into a parking ( wich is impossible because the road was way to small to fit 2 cars next to each other ) and he had no time to react. He even changed some information on the original insurance papers and tried to make it look like it was my fault. So i call my insurance and tell them that he is trying to get free money from me and they told me not to worry and they will go to court for me and defend the case. + +Now i got another note stating that we lost the case because no one showed up to court. I called my insurance again asking them what happend and they said that they are gonna pay the guy because they are to scared to defend because they think the guy will win anyways. But they never paid him and now my bank accounts are frozen. When i called the insurance again i get a lady on the phone and ask her to put me trough to the guy who has been "helping" me and she does. Then the phonecall disconnects and i think o well it happens and call back. Then i get the same lady on the phone and when i asked for the guy again, she told me she doesn't know anybody by that name(??) and when i asked again she told me he is on vacation and will be back on monday. + +I personally think that they forgot to go to the court meeting and now i'm getting screwed over, any advise on what i can do now and is there a possibility i can get back to these people? ( guy suing me and insurance ) + +Edit : thank you all for the tips and information! I will talk to my attorney about the situation and if I have anything that I can share, I will let you know! Thanks again! +Today we're being flooded with "over $1000" posts again. This place needs a full time bi-polar therapist! I'm pretty sure I haven't seen any "bitcoin is boring" posts at all! Carry on. +I got NVDA long $270 calls on Friday $8.75 - expiration 25th Feb. I know I should have gotten out and taken a stop loss and not put me in this situation. Now the calls are worth 4.75 and I am trying to figure out a way to come out of the trade. +I am looking at this article - +What to Do When Your Options Trade Goes Awry - +https://www.investopedia.com/articles/optioninvestor/05/030105.asp +I haven't done spreads so am finding a hard time building a strategy. At this point I am just trying to break even or minimize my losses. I would so much appreciate if someone could help me build a strategy to cover losses. Thanks so much!!! +So apparently Fidelity called their best performing investors and discovered those people had either forgotten about their account or had deceased. + +A primary source is difficult to find (it seems to be hearsay). I myself heard it on a podcast. Yet I still wanted to share because it's a great little anecdote! + +Here's an article that mentions it: [article here.](http://www.aol.com/article/2014/09/10/investing-success-secret-amnesia/20959031/) + +I work at a big TPA, and a quarter of my time is spent fixing this specific type of operational failure called a missed deferral opportunity (MDO). The biggest correction I've done for this type of operational failure was over $200K. + +# What is an MDO? + +If your employer doesn't allow you to defer money from your paycheck to put into your 401(k) plan or 403(b) plan, but you are eligible to participate in the plan, they likely owe you money. + +There is a subset of the DOL called EBSA that takes this very seriously. If you [call them](https://dol.gov/agencies/ebsa/about-ebsa/about-us/regional-offices), the issue will (eventually) be corrected. However, I recommend speaking to your employer first. If they don't view it as an issue, let them know there are hefty penalties they may have to pay...and the DOL just made them, literally, 10 times worse. + +# Common Example of Failure + +1. You were not automatically enrolled as intended +2. You changed your election amounts (e.g. 3% up to 6%), but the change was never made +3. Your employer keeps saying they will get to it, but they don't. I recommend sending this via email for records, whether or not you speak to them directly. +4. Someone forgot to start deferring money when you became eligible +5. HR person went on vacation when you became eligible and there was a delay + +# How Much Does My Employer Owe Me? + +Your employer owes up to 50% of the amount you elected to defer (i.e. the MDO), and 100% of the match you would have received, plus interest. The MDO + interest are deposited to your account as a qualified non-elective contribution (QNEC), which is 100% vested. The match you would have received + interest, which I will now just refer to as match, is subject to standard vesting requirements. + +# Why Am I Only Receiving 50% of My Deferral? + +The government views this as a joint failure between employee and employer. You still received the money you were owed, it just wasn't tax-deferred, and now your employer has to pay you twice. + +Keep in mind this is my understanding of the government's rationale, and not necessarily my personal opinion on the matter. + +# I Told My Employer, But Didn't Receive A QNEC! + +This might be correct, but it's very unlikely if you notify them of the issue. + +**Example 1 - 0% QNEC** + +Your employer must begin correct deferrals by the earlier of: + +* the end of the month following the month you notified them of the issue, or, +* on or before 3 months from the date the error occurred. + +They must also give notices to affected participants within 45 days of the date correct deferrals began. This notice must contain specific details, one of which is the amount they will be depositing into your account...and I doubt they will have the calculations completed in that time-frame. However, if they manage to do all that correctly, you are owed a 0% QNEC and 100% match. + +Example A: + +* Employer notified of issue by you on: 03/09/21 +* Correct deferrals must begin on or before: 06/09/21 +* Employer begins correct deferrals on: 03/30/21 +* Notice must be given on or before: 05/14/21 +* If correction is made and notice is given on or before 05/14/21, you are owed a 0% QNEC and 100% match. Otherwise, see example 2. + +**Example 2 - 25% QNEC** + +Your employer must begin correct deferrals by the earlier of: + +* the end of the month following the month you notified them of the issue, or, +* on or before the last day of the plan year following the year the error occurred. + +They still have to give the notices, so again...it's unlikely for your employer to qualify for a 25% QNEC. However, if they manage to do it all correctly, they owe you a 25% QNEC and 100% match. + +Example B: + +* Employer notified of issue by you on: 03/09/21 +* Correct deferrals must begin on or before: 12/31/22 +* Employer begins correct deferrals on: 08/30/21 +* Notice must be given on or before: 10/14/21 +* If correction is made and notice is given on or before 10/14/21, you are owed a 25% QNEC and 100% match. Otherwise, see example 3. + +**Example 3 - Plan With Auto-Enrollment Feature** + +If the plan has an auto-enrollment feature, and you didn't notify your employer of the issue, they have 9 1/2 months to begin correct deferrals. They are still required to supply a notice with 45 days of the date correct deferrals begin. Fortunately, there is a "sunset" on this rule, so it only applies for failures occurring on or before 12/31/2020. + +Example C: + +* Employer notified of issue by you on: 01/01/21 +* Not eligible for Auto-Enrollment safe harbor (i.e. pay you a 0% QNEC or 25% QNEC), because the failure occurred after 12/31/20 + +Example D: + +* Employer notified of issue by you on: 03/09/20 +* Correct deferrals must begin on or before: 01/15/21 +* Employer begins correct deferrals on: 01/15/21 +* Notice must be given on or before: 03/01/21 +* You are owed a 0% QNEC and 100% match + +Example E: + +* Employer notified of issue by you on: 03/09/20 +* Correct deferrals must begin on or before: 01/15/21 +* Employer begins correct deferrals on: 01/16/21 +* Notice must be given on or before: 03/01/21 +* You are owed a 50% QNEC and 100% match + +**Example 4 - Other Scenarios** + +If your situation doesn't fall under any of the example listed above, you are most likely owed a 50% QNEC and 100% match. + +# Does It Work For My Plan? + +Unless you have some sort of collective bargaining agreement or 457 account, yes, this likely applies to your retirement plan. + +&#x200B; + +So...this got a lot longer than I expected, but I'm trying to snipe out questions before you ask them. + +&#x200B; + +Edit 1: Changed the opening statement for u/RevolutionaryCat4 and 5 other grumpy people. + +Edit 2: Clarifying a couple things. + +Edit 3: Thank you for the awards. I was able to afford a monocle for my avatar, and I'm feeling pretty bougie. At this rate, I'm gonna FatFIRE next week. +My household is a very active one, with kids, dogs, cats, multiple vehicles, and a multi-story house. So naturally, there's a TON of messes to clean up, things that need cleaned or maintained in general, etc. + +We used to go through probably $20-$30 worth of paper towels each month. Think about that though....*that's $240-$360 a year.* I don't know about the lot of you, but the *lower* end of that is still nearly *two car payments* for me. It's more than a full grocery trip for us. It's *5-7 full tanks of gas for the car.* Etc. + +By contrast, a pack of a dozen or two microfiber towels at WalMart or the auto parts store is only $10-15, and will last for *months and months on end* if you take care of them (don't dry them for too long or on high heat; it'll basically burn off the finer microfibers and make them useless for absorption. + +I also try to throw them in with my regular laundry or related load types whenever I can, so the cost increase there is minimal to nonexistent and there's no real extra burden at all. + +On the same hand, there's definitely times where you just need paper towels. I get it. Don't cheap out on things like the paper towels you do keep around (or toilet paper for that matter). When you get shitty, single-ply ridiculousness, you often end up using twice as much to get the same results...which can obliterate the couple of bucks you saved. As with a great many things, often times *spending more upfront saves you money later*. + +All of the above considered, we now use a single roll....*maybe* two in a bad month...of paper towels in an entire month. We've literally dropped our PT usage, and thus cost, by 95&#37;. + +Everyone's situation and mileage may vary, of course. And I'm sure some will nitpick here. But I just wanted to put that out there as a prime example of how sometimes, little day-to-day things (materials, habits, whatever) you don't think about are really eating into your money in the long run, and making it harder to get ahead. When you're going through your budget, or your grocery list, or whatever...try to take a deeper look at where money may be disappearing in your household. It may not be obvious, and it may not seem like much, but it certainly adds up. + +EDIT: So, I certainly didn't expect this to blow up like it did. Thanks for all the comments and input! Glad to see this generate some discussion. As I mentioned, everyone's mileage will vary, and it's important to note that what works for some, may not work for others...especially when you factor in lifestyle, schedules, needs, and financial situation. And there are always different approaches and specifics to be had or be discussed. I should note that I'm what you would consider lower- to mid- "middle class", so my priorities may differ from others and the way I balance cost versus convenience with a variety of things will differ from others as well. Not to mention there's always little personal preferences as well. Just wanted to throw a little reminder/tip out there to help some folks is all! :) Have a great night everyone. +However, luckily I managed to buy longer than usual expirations: + +PLTR $30c March 19, 2021 + +GME $20C April 16, 2021 + +Thoughts on holding these? Both down over 50%, hoping for a bounce back over the next few months. Total investment = 15k, now worth around 7k, and it hurts... + +My heart goes out to those who bought near term or weeklies. This market is WILD. + +12/3 edit: Sold $GME, bought $NTLA. Made my GME losses back. Going to hold for now. Don't plan to touch $PLTR. Letting it ride. Also, definitely fell in the GME meme cycle. PLTR on other hand is a company I believe in. Interviewed with them a while back as well. Great conversations below... good luck to all!! + +P.S. THANKS 4 the GOLD! + Shang-Chi and the Legend of the Ten Ringsā€ maintained its hold as the top film in the U.S. for the fourth consecutive week, bringing in $13.3 million from 3,952 theaters and setting a new record as the yearā€™s top grossing film with $196.5 million in domestic ticket sales. + +Shang-Chiā€ toppled another Disney-released Marvel Cinematic Universe title that previously reigned as 2021ā€™s U.S. box office champ: ā€œBlack Widow,ā€ with $186.7 million in ticket sales. However, ā€œBlack Widowā€ simultaneously releasedĀ on the Disney+ streaming service while ā€œShang-Chiā€ is a theatrical-exclusive release. + +Two additional Disney titles continued to draw audiences: ā€œFree Guyā€ grossed $4.1 million from 3,175 screen in its seventh week in theaters and ā€œJungle Cruiseā€ brought in $1.7 million from 2,065 theaters from its ninth week in release ā€“ ā€œJungle Cruiseā€ is also playing on Disney+. + + [Marvel's 'Shang-Chi' is the highest-grossing domestic release of 2021 (cnbc.com)](https://www.cnbc.com/2021/09/26/marvels-shang-chi-is-the-highest-grossing-domestic-release-of-2021.html) +Kind of a unique situation here and doing some "downside case" planning. TLDR - high W2 income facing potential bad 'downside' case in the near-term should our SBA loan default. + +To keep it short here's the scenario: + +1. Personal - early 30s, married, no kids (planning on one next year) +2. Liquid NW - \~$1mm - mostly stocks - \~$1-2mm of illiquid assets (co-invest / carried interest / home equity net). +3. Combined W2 income - $1.5mm a year - probably path to \~$2mm+ combined W2 over next \~3-5 years (just \~3-years out of top-2 MBA H/S for both of us - hence disconnect between high W2 and low liquid NW), +4. Liabilities - $2mm SBA loan personal guaranteed on a side business w/ some partners, \~$1mm home loan (probably 60% LTV) at this point + +Some friends and I started took out a \~$2mm SBA loan about a year back trying to launch a franchise business on the side of our day jobs. Long-story short - continued construction delays (brick and mortar biz), interest rates are going up, potential recession may impact demand. All that is to say that our original underwrite of the business may be optimistic at this point. Should still be at least break-even hopefully (it's a growing end-market...), but there is a chance this does go south. Hoping for the best - and we are all laser focused on executing - but as a 'planner' want to understand my down-side options. + +Let's say worse case scenario I somehow get stuck with the full $2mm SBA loan (trust my partners - but their financial profile may not all be relatively as strong as mine - SBA guarantee is joint and several). + +Let's say in 12 months the business is still under-performing - what would theoretically happen in that scenario / which would be the best options? + +1. Try to sell the business to reduce debt and pay off the remaining? +2. In an event we shut down the business - how likely is it that with my financial profile the underwriting bank will be willing to restructure my loan into some sort of personal loan? +3. If my SBA underwriting bank won't restructure - is it possible for me to get some other bank to help me structure some sort of personal loan? Do banks provide personal loans for things like this for high W2 earners? +4. Is the SBA bank forcing me to declare personal bankruptcy a realistic scenario here in a worse case scenario? My W2 position and clear career trajectory should clearly allow us to clear the debt in a very reasonable amount of time - but just not sure how that works. + +Appreciate any input. Bit off more than I can chew. Not sure I 'regret' the business experience per se yet, but certainly stressing me out! + +Edit: I know some of you are probably thinking - this sounds idiotic. Why did you get yourself into this position? So in the interest of sharing the thought process - My reasoning was I have decent line of sight to what will ultimately be a FF outcome sooner or later from W2 - this felt like the time to make some reasonable "bets" that is (i) personally fulfilling, and (ii) has some meaningful upside - i.e., can generate a few hundred k of passive income not to mention potential enterprise value upside if it all works out. What I did not fully anticipate was the stress this involves - live and learn. +There's alot of outrage on what the Fed is doing. Instead of printing trillions of dollars, what do you think they should be doing for the long- term health of the economy? +I canā€™t stop thinking about what r robbieimmutable just said ā€“ That there will be ā€œā€¦hundreds of games, each with thousands of transactions per secondā€ and what if GameStop gets even a fraction of that. Help me out if Iā€™m wrong here. + + +ā€¢ Thesis: Income generated if GameStop gets a fraction of those transactions. + + + ā€¢ "Hundreds of games" = 150. Because 200 is the minimum to use the term Hundreds, with an S, I want to use a number that reflects a real number within the term lowest usage of the term Hundreds. + + + ā€¢ "ā€¦thousands of transactions per second" - I'm using the lowest number here, 1,000 transactions per second. + + +ā€¢ ā€œIf GameStop gets a fraction of thatā€ = 0.001 per transaction.., a really small fraction. + + +MATH TIME + +150games x 1,000 transactions = 150,000 transactions per second + +ā€œIf GameStop gets a fraction of thatā€ = $0.001 per transaction + +150,000transactions per second x $0.001 = $150 per second + +$150 x 60seconds = $9,000per min + +$9,000 x 60min = $540,000per hour + +$540,000 x 24hours = $12,960,000 per day + +$12,960,000 x 365days = $4,730,400,000 per year + + +sorry for the formatting, Iā€™m on a computer, normally a lurker, and am an idiot. +Edit: $ per year. +While this isnā€™t EXPLICITLY related to FatFIRE vs any other type of fire, Iā€™m pretty sure that this really good rate was available due to having excellent credit and a low debt to income ratio, so I think itā€™s likely more obtainable by the fatfire crowd. Itā€™s a refinance of an existing loan, and I called my current servicer (mr cooper). Iā€™m paying a few points, but it was lower than anything I could find on bankrate. I also locked in rates to finance a few investment properties on 30 year terms in the low 3s. Investment properties carry higher rates. Just a PSA for all you fat homeowners out there! +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) + +NFT Marketplace [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# šŸ™‹ ā€‹[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/) + +# šŸ“š 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 tradeā€“ then this is for you + +&#x200B; + +# šŸŸ£ [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# šŸ† [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# šŸ’ŽšŸ¤ [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# šŸŽ [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 weā€™re doing it again. + +# šŸš€ [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +šŸ“ā€ā˜ ļø [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! +Hi personalfinance, so like the title said my only child just turned 1 recently and I want to get some sort of savings or something set up for her to access when sheā€™s older. We have several family members who have been wanting to put money into some sort of fund for her but I honestly donā€™t know where to begin. + +Her grandmother said she wants to set up a ā€œ529 college savings planā€ and wants her SSN to do so, but frankly I donā€™t know what that is and I donā€™t trust her for a second with that info due to past altercations. + +Please help with any advice or reference links or even anecdotes you may find applicable in this scenario. We are in California, USA. + +Thank you in advance. +Source: Trust me bro. Iā€™m just deep in thought and it dawned on meā€¦ + +Remember when Elon said Tesla would accept Bitcoin and then backpedaled and said they werenā€™t? That was lame. I think it pumped the shit out of Bitcoin for a week tho. Anywayā€¦ + +In the case of GME and Loopringā€¦ + +Hypotheticallyā€¦ If you wanted your investors to buy more stock and sayā€¦ I dunnoā€¦ lock the floatā€¦ you know that many of them would need more capital, as many X and XX holders are likely tapped out. + +If you were to slowly drop hints about the alt coin that is going to literally fucking skyrocket based on the tech alone, which you also happen to be partnering withā€¦ + +the next chess move might be to accept that coin as a form of payment at your massively popular companyā€¦ + +the news gets random investors and gamers alike to buy LRC because tomorrow your investment of $4 is $40 and you can buy a whole video game in 6 months for next to nothingā€¦ + +This would give the Loopring token another utility to flex. + +Upon such an announcement, anyone who knows anything about deflationary coins would buy as many Loops as they possibly could. + +Then a bunch of low level apes sell off at the peak and load up on GME shares and DRS them shits. + +I know this is all in my head and Iā€™m just day dreamingā€¦ but this is all very possible. So Iā€™m gonna continue to ponder the possible timelines we could end up in. + +Good day me fellow simians. +I took her to the vet and they suspect it's kidney problems, but they said a blood test would be $250 and I don't have that. I don't know how I'm going to find that money, literally every single dollar I make is sucked up by rent, bills and the very few groceries I can get by on. She's doing better on the medication I was able to afford so she's not suffering, but I just can't do more than that. Just the visit and meds cost $70 which was literally a years worth of 'savings.' I have no one to ask for help because everyone I know is in a similar situation. I hate having to just sit and wait and hope she's not seriously ill and hiding it well. It's so fucking unfair that she has to suffer because I'm 31 and work full time and yet can't even scrape up the money for one test. I don't even know what I'll do if it is something serious and she needs more expensive care. I don't fucking know!! + +Sorry for sounding so melodramatic, it's just that she's been with me my entire adult life and it sucks that I have nothing to give in return for 13 years of companionship. Obligatory cat tax in exchange for whining: + +https://preview.redd.it/b7ngdenlvoz91.png?width=708&format=png&auto=webp&s=8ee930c3d7823f9ad12240f414278d50263333f0 + +https://preview.redd.it/9zxsr0vjvoz91.png?width=688&format=png&auto=webp&s=587feac875169b56f9f094fce9f98356e3fad465 +But $100 each week might. I did a poll here about a week ago asking what everyone's portfolio values were. The majority of people (12% of those polled) were in the $1000-$5000 range. For many, this is a huge sum of money. Depending on where you live or your living conditions this could range from a month's pay to a year's, and if you have your entire year's salary invested that's awesome! That being said, unless I miss my guess the majority of the members of this subreddit are from the US, Canada, and UK. + +Here's the thing: if you want life changing wealth, whatever that means to you, you need to invest a decent chunk of change. If you threw $100 into the market just to "see what happens" it's not going to do much unless you're making some extremely risky plays which may as well be scratch off lottery tickets. + +If you want to build wealth it will take time and money, and a lot of both. Get into the habit of putting a percentage of your paycheck directly into your investments. Crypto, stocks, precious metals, NFTs, whatever, just always be buying, especially when you're starting out. + +DCA every day, this is the Gwei. +I had a couple doctors visits in November. They ran a bunch of tests that I did not request - I never found out if some of them were appropriate/necessary but none of that was disclosed about the additional testing before I was given treatment. + +I received the invoice, originally $461. I thought that seemed high, I was expecting under $200. I called them and asked them about it. + +On the first phone call, they said my balance was only $365. Keep in mind this is first contact, I have not requested any reductions yet. I said thank you, and asked for further explanation as to the other tests and their charges. They had to escalate it since they would need to speak to the caregiver. + +I waited a few weeks to give them time and called them back. I haven't received any new/updated invoice statements. I asked what my balance due was and they said $10. I confirmed that this was the total balance due for services on both of my queries dates, and he confirmed that. + +I did not yell or cuss. I did not ask to speak to a supervisor. I calmly provided my information, was explicit and clear in that I wanted an explanation to why I was being billed for each line item, and in the end it saved me $451. + +Question your medical bills. If it turns out there are no errors and you do owe what is on the invoice, then you can still ask if there is anything they can do to reduce the total or enter a payment plan etc. Me simply calling and asking, magically made it go from $461 to $365. The worst they can tell you is no. +If you are ever at the bank and a teller suggests that you look into a credit line, better savings account, overdraft protection, whatever.. Tell them no thanks, go home and get online and research it yourself. Bank tellers and (most) personal bankers inside a consumer banking branch are sales people, that's it. They *might* have some education in finance but it is not required to get the job. Many are paid commission for getting consumers to use new products, whether they actually benefit them financially or not. +I have spent more time reading and picking stocks than I would like to disclose. Around 2 months ago, I had a portfolio around 10K - its all slowly bled down to 7000. I hear a lot of individual investors echoing similar losses over the past few weeks. Yet the market is booming - new records being set almost daily. Where is all this money going?? Where is wealth being created? And why?? +**UPDATE!!** + +After 13 days of nothing and having emails ignored, I told them of this new thread and have received a response already, only a few hours later. A clear pattern has emerged now so I cannot express my gratitude to the support you've all shown. + +&nbsp; + +This case has been passed to a director of whom I have emailed and explained the situation to, I am extremely hopeful this situation will now get resolved and when it does I will update this post immediately as such. + + +&nbsp; + +*** + + +This is a follow up to the thread linked below:- + +&nbsp; + +https://www.reddit.com/r/Bitcoin/comments/4m7pmf/bitgold_denied_my_first_withdrawal_and_froze_my/ + +&nbsp; + +Upon trying to withdraw my assets in Bitgold my transfer was refused and account blocked, when I rang them up to ask what was happening they refused to talk to me. + +&nbsp; + +I posted the thread here explaining the situation and sent the link to them, a few days later they responded asking for documents. Thanks to this publicity now they were giving me the opportunity to do this where as on the phone to support they were not interested in the least. + +&nbsp; + +I am a business owner, I have ID, the name of the account I was attempting to withdraw to is in my name, I have business documents, I have tax documents. I sent what they requested and more in under 2 hours of receiving the request. + +&nbsp; + +I did not complain about my treatment anymore because I want it resolved and did not update the original thread so they could see I had no intention to further damage their reputation if they resolved the issue:- + +&nbsp; + +"Hi (xxx), + +Thank you for your email. + +Please see all the requested documents attached, they are as high quality +as possible and I have also attached additional documents in the form of my +National ID. I am not employed but a business owner and so have provided a +copy of certificates of incorporation as a substitute. + +I have also provided multiple months of my bank statement and if you +require it I can provide a print screen of the online account also. + +Best Regards, +(xxx)" + +&nbsp; + + +"Hello (xxx), + +Thank you for providing these documents. They have been sent to our Compliance team for review. I will let you know if any further clarification is need. + +We appreciate your patience while we complete the verification process! + +Kind regards, +(xxx)" + +&nbsp; + +This was on June 3rd, 13 days ago. + +&nbsp; + +To clarify, I deposited money with this company, can prove its mine, where its come from, can prove its going to my account and gave them the documents for this and they have still not given me my money back. + +&nbsp; + +Not only that but I sent a polite email asking for an update a few days later and it was IGNORED. I sent another email 2 days ago and that too has been ignored. + +&nbsp; + +Either this company is now confirmed to be in the business of scamming its customers where it pleases or their overall level of service is abysmal. Either way do NOT touch this company with a barge-pole. + +&nbsp; + +I am going to give this another week or two before I get legal advice and begin contacting online news outlets because as I told them originally there is not a chance in hell I will let this go. +Dentacoin released partner clinics but they could be backtracked to the same adress in Bulgaria, because some Bulgarians bought them... most likely from ICO money. + +All different Dentacoin partners (dental clinics) had brand new websites with fake facebook and used the same CMS with the same admin mail.... one in UK and one in the US used exactly the same layout profile but according to Dentacoin they had no connection to each other.... + +Tried to point this out at their reddit... instead of an answer: + +You've been temporarily banned from participating in r/Dentacoin + +subreddit message via /r/Dentacoin[M] sent 8 hours ago + +You have been temporarily banned from participating in r/Dentacoin. This ban will last for 999 days. You can still view and subscribe to r/Dentacoin, but you won't be able to post or comment. + +Proof for me its 1000% scam otherwise they would just need to deliver counter arguments... +In short Bulgarians buy dental clinics from ICO money, try to sell them as independent partners to the public and fake a partnership adoption of their coin. In the end: worthless coins - coin inventors with many clinics through sub-contract firms... + +EDIT Response to debunk attempt by DNC: https://www.reddit.com/r/CryptoCurrency/comments/7qu0qt/dentacoin_scam_reddit_ban_for_3_years/dstfvf8/?context=1&st=jcj7vp3x&sh=65348bf6 +This saga from my prospective have become nearly impossible to explain reasonably to those around me. + + +2 years ago we all thought this was cut and dry. + +GME was shorted and apes bought the stock. + +GME was halted and SHFā€™s were the ones that pulled the strings behind the curtain. + +Shorts never closed. + + +Plain and simple right? + +Like 1 singular string coming from a ball of yarn. + +#NOPE + +Folks we pissed and kept pulling the string on the ball of yarn. + +Come to find out this ball of yarn has 100 other individual strings INTERWOVEN to each other. + +You canā€™t explain one string without being forced into a tangent on another because the original string wouldnā€™t make sense with out it. + +Now do that with all the other 100 strings and you begin to realize the person your talking to thinks your insane. + +And only you know the full story and understand it. + +Youā€™ve learned everything there is to know bout the fraud in the market and when you try to ELI5 you canā€™t wrap your own head around it. + + +You tried to get people to listen early on while it was easy to explain but now we are way past the point of a sane straightforward explanation. + +Movies keep getting thrown around but no movie will ever be able to do this fiasco justice. + + +Movie territory has come and gone. We are in late multi season documentaries and early book territory. + +Luckily we have a literal library of DD in chronological order of discovery that will probably be used as sources for future books on this saga. + + + +Youā€™ve been harassed, called crazy, and insane. + + +Itā€™s too late to start at the beginning and try and catch up to the new information. + +If they donā€™t know jack shit but youā€™ve been trying to tell them whatā€™s going to happen and they come to you and ask you to explain everything moass is gonna happen before you get through the first half. + +People with better explanation skills might be able to do it but if you ā€œTLDRā€ this your gonna need a tldr for the original tldr. + + + + +End rant. + +Buy hodl drs + +NFA +Scrolling through the subreddit for my daily dose on informative crypto news and realised I haven't seen low quality moon farming memes and i had a sudden flashback of how bad it was on the weekends. It's been great. + +Anyone else glad they don't have to scroll past endless unfunny memes on weekends now to get through to the good stuff? +Anyone else selling calls on SNDL. The IV was 400% on this weeks expiration. + +I bought 2k for 1.22 shares and sold 20 Feb 19 1.5c for $550 premium + +Anyone else diving into this beautiful dream premium stonk? + +I only wanted to start a small position today realizing Iā€™m possibly picking a top. If it drops more I will go in heavier. + +I should of got in yesterday at $1 but i needed to free up some cash which I did today! + +Let me know if youā€™re selling puts or calls on this bad boy! + +Iā€™m not much for weed stocks but it looks like they have tons of locations in Canada where they sell their products and thats awesome! +Since we have some superstars here, I wanted to pose a question about maintaining profitability in a sharp downturn. I am of the opinion that the market will trend upside in concert with the upcoming earnings season. Historically, this quarter is the strongest of the year and I think the market will run toward the highs in anticipation of solid earnings. The **real** rug pull will come shortly thereafter. The market will pivot toward discounting valuations in anticipation of 2022+ interest rate hikes and tapering. I then expect we will get our 10-20% correction before beginning a slower, multi-year upwards trend again. + +Assuming I want to protect gains against a deep reversal, what strategies would you folks deploy? Letā€™s say the goal is to have significant buying power after a 10% drop in the SPX. Clearly I can exit fully and go all cash toward the middle part of the earnings season, letā€™s say just before AAPL reports. Maybe I can sell some deep ITM calls to lock-in profits and retain buying power in case of the downturn. I would never buy VIX, for example, and only sell it when there is a significant spike. I would probably stay away from directional trades and maybe go long vega. Thoughts? +Lately I've been experimenting with trying to trade for small gains on credit spreads instead of large ones that take days/weeks. Here's my strategy: + +1. Look at upcoming events that would influence the markets (mainly fed meetings ect). If an event could cause alot of volatility, I decide not to trade that day. +2. I then look at the chart for SPX, identifying both macro and micro trends (I usually look at 15min, 1hr, and 8hr). I also Identify supports and resistances. If all trends point in the same direction, I proceed with step 3 otherwise I don't trade that day. +3. Wait until 30 mins after market open, if there is a discernable trend in the same direction as what was noted in step 2, I'll open a credit spread 7 days out ATM 5 points wide. +4. After opening the trade, I am only looking to capture .20 per contract and trade 10 or 20 of them to gain a quick 200-400 dollars which usually closes within the same hour I opened the trade. (Lately I've been doing wider spreads to avoid racking up trading fees for similar risk/reward profile). +5. Strict stop loss at 3x premium received + +The idea here is that there is a very high probability that your trade will gain .20 in value, especially given that you have 7 days to hit that goal. I know the main argument here is pennies in front of a steam roller, however unless you buy at the absolute top you'll win in most cases. If you lose, as long as you keep to the stop loss it seems to be profitable long term. + +Does anyone else do something similar here? If I had more capital I might even optimize the strategy to look for .10 or even .05 increases from the trade to further make the likelihood of success higher. If you have traded like this, I'd love to know about your experience and if it was profitable or not. + + +Thanks and good luck trading! +I have a few stocks that I am basically bag holding on. I donā€™t real plan to sell them at this time, but it would be fine if I did. So I have been reading up on options, and I think I have the basic understanding of how to sell covered calls, but just wanted to check that I understand the risks. My ā€œplanā€ is to sell covered calls that are a little otm to collect the premium. This is not necessarily a money making strategy, the premiums are small, but more of a way to get familiar with option trading, see how they work in the portfolio, that sort of thing. Am I understanding the risks correctly that the only negatives are that the shares may get called away, and I might miss out on some theoretical future profits? +First time posting here but hoping someone could help me figure out what the best next steps are regarding my current covered call contracts ([$30 expiring 9/18](https://imgur.com/a/nUuSPMm)). With last week's performance, I feel that $RKT will pass $30 well before 9/18. Should I buy to close or let the contracts get exercised? I want to hold on, long term. Thanks! +Pretend that it is currently after hours and there is a bid on some put option for 0.20, and that I would like to sell a put at this bid. What can happen if I place a sell to open order with a limit of 0.20 while the market is closed? + +What I'm hoping is that the second the market opens my order will go through and I will sell the put for 0.20, regardless of whether the underlying stock starts to moves up or down after the market opens. + +However, I'm worried about two situations: + +First, the underlying drops and the bids start increasing > 0.20, before my order's turn takes place, and then I end up selling at my limit of 0.20, which would not have taken place if I instead woke up early and purchased at the current bid price. + +Second, the underlying rallies and the bids start decreasing < 0.20, before my order's turn takes place, and I never get to sell. + +Does anyone know how likely it is that my order can be placed immediately before the underlying stock price starts to move, compared to how likely it is that the underlying stock price starts to move before my order can be placed? + +If the stock price generally starts to move before my order can be placed, it would be great if there was a way to tie my order to the stock price. For example, by placing a limit on both the price of the option as well as a limit on the underlying stock price, so that if the stock price drops by some amount the order will not be executed. I don't think this is possible though. +I'm just wondering what everyone's strategy is on when to roll when 1 of your short options goes ITM. Right now I'm thinking if waiting until the last day would be best or if I should do it earlier. My reasoning is that on the last day, all the extrinsic value will be gone and hopefully the underlying may have moved in my favor as well. +In Robinhood there is this probability of profit thing when on the discover mode for options. I am assuming this probability related to how likely it is to be assigned when selling cash covered puts or covered calls ? are there outside websites that does this? like how likely an option is to be itm at expiration. +I have a friend who is the owner of a relatively large amount of PLTR through employment. + +He is bullish on the company but also wants to take some chips off the table over time. In a world where options didn't exist, he would set 4 limit sell orders each for 25% of his stack, at $30, $40, $50, $60. + +But I told him about covered calls and how in this case it could be a superior way to exit out of the position to sell covered calls with strike prices of $30, $40, $50, $60... he thinks this is definitely worth looking into and asked me what DTE should be used. + +At first I just automatically responded with "probably 30-45DTE", but after a bit more thought, maybe this answer is more complicated. So I would love to hear what this channel thinks. A few arguments against just using 30-45DTE: + +\- For a way out of the money calls($60 calls when the underlying is $25), it seems that longer DTE like quarterly or leaps actually gives a higher premium. IE. the premium for the 2 year LEAP for $65 is worth more than 2x of the 1 year leap, and more than 24x of the monthly. Whereas the $premium for the $30 leap is worth way less than 12x of the monthly. + +\- PLTR has a very high IV because it's a popular stock for options traders. But in 6 months this may or may not be the case(stock cools, people move on). So although selling 12 monthly options results in higher premium, one can argue that selling a 1 year out option "locks in" the high IV. + +&#x200B; + +Would love to hear what you guys think? What would be your advice on the optimal DTE to use in this situation. (Just to clarify, he is NOT looking for advice based on the outlook of PLTR, or recommendations on what type of option play to use based on bullish/bearish view of the stock, but rather market neutral advice on the optimal DTE to use to maximize value of CCs) +TL;DR: Whatļæ½ļæ½s your largest position? + +My largest position is PSTH, it makes up 27% of all my portfolios combined. Iā€™m well aware this is a large position and some will disagree with the amount of risk that comes with this. + +I have two other positions around 17% each. Between these 3 thatā€™s 61% of my portfolio. + +I think diversification a poor strategy when you are young. Young is relative so you can figure out what you consider young. Iā€™m not putting diversification down, but I donā€™t think itā€™s the best strategy when youā€™re young. + +I also think your financial situation plays a role. Iā€™m a young professional and donā€™t have to provide for anyone but myself. + +Whatā€™s your largest position? Now or in the past? What was the outcome? Why did you build such a large position? +I have a few stocks that I am basically bag holding on. I donā€™t real plan to sell them at this time, but it would be fine if I did. So I have been reading up on options, and I think I have the basic understanding of how to sell covered calls, but just wanted to check that I understand the risks. My ā€œplanā€ is to sell covered calls that are a little otm to collect the premium. This is not necessarily a money making strategy, the premiums are small, but more of a way to get familiar with option trading, see how they work in the portfolio, that sort of thing. Am I understanding the risks correctly that the only negatives are that the shares may get called away, and I might miss out on some theoretical future profits? +TL;DR: Whatā€™s your largest position? + +My largest position is PSTH, it makes up 27% of all my portfolios combined. Iā€™m well aware this is a large position and some will disagree with the amount of risk that comes with this. + +I have two other positions around 17% each. Between these 3 thatā€™s 61% of my portfolio. + +I think diversification a poor strategy when you are young. Young is relative so you can figure out what you consider young. Iā€™m not putting diversification down, but I donā€™t think itā€™s the best strategy when youā€™re young. + +I also think your financial situation plays a role. Iā€™m a young professional and donā€™t have to provide for anyone but myself. + +Whatā€™s your largest position? Now or in the past? What was the outcome? Why did you build such a large position? +AT&T, Verizon and T-Mobile are all down big over the last few months. + +Is this a buying opportunity? Verizon in particular seems like a good value with a 5% div to me. + +Iā€™m down 10% overall in AT&T tho ($29.06 average price) Not sure if I should buy Verizon as well, average down in AT&T, or avoid further investment in the sector altogether. +Hi all, this is my first post. I am seeking advice on how to do research while comparing potential investment stocks for dividends investment, specifically for Tobacco industry stocks like $IMBBY and $BTI. Both of them have very impressive Dividend yield values (~8%). But what other technical indicators should I be looking at to compare? +What is everyones opinion on JEPI and JEPQ? I have small positions in both that I contribute to weekly. I like the monthly payment even if its not all dividends, but its income so I'm not complaining. + +My concern is they turn into QYLD and the principal depreciates. I can handle a bit less growth as long as we get growth. Smaller growth for a monthly payment is a trade off I can live with especially at the yields they provide. +Hello, I have been following the market for a few years and finally got in last fall. For the next few years I will be able to fully fund my wife and my Roth and contribute $10k or so per year to my brokerage account. My goal is to semi-retired in 20 years (at 60) and use dividends to cover some living expenses. + +My question is whether it would make more sense to invest for growth now in some index funds and then transition to div payers closer to retirement or to get into divs now and let them start DRIPing for the next 20 years? +Iā€™m 24 and starting out in most areas of my life. Iā€™m considering selling individual stocks I bought in my Fidelity individual account and putting everything in my Fidelity Roth IRA. Iā€™ve bought a bit of SCHD in my Roth and am planning to reinvest dividends and leave it alone (same with my majority FZROX and FZILX). + +I could also add to SCHD in my Roth and let my stocks in my individual ride for a while with dividends reinvested. My thought process is, Iā€™m not going to make enough to max out my Roth for another few years, so would it be better to move everything to my Roth and let it grow tax free? It might be better to sell from my individual now and pay the tax on the smaller earnings. + +Dividend stocks I own roughly $20 each in: YELP, VZ, STAG, SBUX, PG, PFE, PEP, O, MED, MCD, LRCX, JPM, JNJ, INTC, EPR, DFS, CSCO, CAT, CRM, AXP. +First time doing this so please rip me apart for this one. I want to make sure any future write ups are at minimum- held to a high standard. I want to offer DD on one of my speculation plays and may do other speculation play write-ups depending on the interest. Thank you to u/036Gooddaysir036 for allowing their templates to be used. + +# Introduction: + +Hasbro is one of the most well known, but never talked about companies. Hasbro is a dividend contender, having grown their dividend for 17 years. They are most well known for their focus in consumer products, gaming, and entertainment. Hasbro is also diversified into retail, digital retail, eCommerce, and omni-channel retail, offering a cushion against Covid-19. + +Some recognizable big names and games under HAS: + +Transformers, Play-Doh, Nerf, Baby Alive, Magic: the Gathering, Monopoly, My Little Pony, Peppa Pig, Pjmasks, Power Rangers, Jenga, Connect 4, Life, Operation, Furreal friends, HASCON, Dungeons and Dragons. + +There will be a few questions we are looking to answer: + +- Is there revenue growth? +- Is there earnings growth? +- Is the company really leveraged? +- Is there strong cash flow? + +## Company Strengths & Risks: + +Strengths: + +- 17 consecutive years of increasing their dividend +- Strong branding, Strong and diverse products and partnerships +- Acquirement of eOne (Entertainment One), Allspark pictures, and allspark animation +- Acquirement of Milton Bradley, Playskool and Tonka +- Agreements with Disney for Star Wars, and other similar rights + +Risks: + +- COVID 19 has slowed supply and likely will have an impact on demand until COVID 19 ends. COVID 19 has also shifted live action production to 2021. [Hasbro's response to COVID 19](https://investor.hasbro.com/static-files/e3715112-0362-4a2c-a8aa-220171ecff91) +- Agreement with Disney is costly but beneficial to both sides. Listed as a risk due to the drain on cash. +- relatively high payout ratio (75.45). +- Free cash flow fluctuates year to year + +## Financial History and numbers + +Numbers from [Seeking Alpha](https://seekingalpha.com/symbol/HAS/dividends/dividend-growth) and [Yahoo Finance](https://finance.yahoo.com/quote/HAS/balance-sheet?p=HAS) as of Nov 2020 + + Current Annual Payout/Share | $2.72 +-----------------------------|-------- + Yield | 2.92% + 10 Yr Div Growth Rate | 12.81% + 3 Yr Div Growth Rate | 10.29% + 1 Yr Div Growth Rate | 1.87% + Years Of Growth | 17 + Current Payout Ratio | 75.45 + Free Cash Flow / Share | 2.83 + Revenue | 1.78B + Debt / Equity Ratio | 1.35 + +(napkin math: 4,046,960/2,995,530=1.35) + +HAS has pretty healthy financials despite COVID and being in the Consumer Cyclical sector. The payout ratio is high but I attribute it to acquisitions and partnerships. Revenue has been reported to be strong too with respect to Magic the Gathering, Monopoly, and Dungeons and Dragons from the Q3 earnings call. Those increases too, are phenomenal. In fact, lets project this forward to guesstimate the future payouts. (These are estimates, the actual payouts can range differently) + + Year | Potential payout (based on 10.29%) +------|------------------------------------ + 2021 | 2.82 + 2022 | 3.03 + 2023 | 3.33 + 2024 | 3.76 + +Hasbro's [dividend history](https://seekingalpha.com/symbol/HAS/dividends/history) makes it all the more appealing to me. + +## Takeaway/Final Thoughts: + +HAS to me is an excellent speculation play for dividend growth. The company has many recognized household names and shows, and is strengthening its ties with entertainment and toys. The dividend history and growth is phenomenal. I would highly recommend looking into this company if you are a younger dividend growth investor. The downside is that the company is tied up financially due to these partnerships, and has the same negatives that consumer cyclical companies face. + +HAS has the ability to continue paying and growing due to its many brands lasting through the generations. Past names such as Transformers, Monopoly, Play-doh, My Little Pony, Dungeons and Dragons, and Magic the Gathering transcend generations. Players of the beloved games and franchises often are hooked and want to collect more memorabilia. + +I hope someone out there found this post interesting. Please supplement this with your own research. [Here is Hasbro's investor relation page](https://investor.hasbro.com/investor-relations). + +Thank you for reading, please give me feedback so that I can increase my standards for future analysis posts. +So I read some comment on another thread about guys in a different group are going wild over $ZIM with a wild dividend of 40% and the more I research this company the move I love it. The financial sheets and longevity of this company seem absolutely out of this world on paper. Is there something I should look out for on this stock or do people just not know about it to the point that itā€™s way undervalued? +I, a 16 year old just starting out in the market, I have 3 main index funds Iā€™m investing in (Voo, Vti, and schd), along with 13 different stocks for various reasons, some for payout, some for growth. Is this too much diversification? How many stocks should I own? +Hey everybody, so my current issue is that I currently have stocks on robinhood thatā€™s pays me dividends. My issue is I see a lot of post about opening a Roth IRA and I just need some clarification. My question is: + +Should I open a Roth IRA even though I would like to use my dividends in the future (like mid 40s) to live off on? I know that you will be taxed on any earning that you take out so i am just wondering is using a Roth IRA the best method? +In general, European states have heavy taxes on capital gains and dividends. Some levy a wealth tax. However, you often get good healthcare in return, and a guarantee of no surprise "out-of-network" costs. Curious if any US FIRE-ers here have run the numbers and found some good candidates? My research has revealed Czechia as a possibility (15% flat investment income tax; still looking for the gotchas there). +I have been pretty neck deep in researching the history of the stock market, computing, and a series of other rabbit holes of learning that all stem from GameStop. + +I've tried to post earlier drafts of this a few times but have been slaughtered by the automod filter due to some of the topics so it's been a bit tough trying to post this. + +In my researching government documents and re-watching the matrix , I believe I found a little Dodd-Frank legal Oopies the Shorting hedge funds seem to have violated in their shenanigans and goings on in the global economy. + +&#x200B; + +I havenā€™t heard anyone talking about so I figured I would make a post as it feels like it deserves one by itself. + +[Me after reading Dodd-Frank Section 746](https://i.redd.it/zvwa34bqfb371.gif) + +This is Dodd-Frank, it was good for Retail. + +[https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf](https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf) + +&#x200B; + +Gary Gensler, SEC Chair extraordinaire, had a role in pushing through Dodd-Frank into law, and more specifically something called the Eddie Murphy Rule. + +Section 746 in the Dodd-Frank Act to be even more specific. + +&#x200B; + +Now you're probably thinking what the fuck does Eddie Murphy, Gary Gensler, The Fed, Citadel Securities, and GameStop have to do with each other? + +The answer... is the Eddie Murphy film Trading Places. + +&#x200B; + +https://preview.redd.it/gck4q7mfvb371.jpg?width=338&format=pjpg&auto=webp&s=a2743812ba1366e5fe7afefd706355864844f129 + +https://preview.redd.it/5nwe2bhvfb371.png?width=733&format=png&auto=webp&s=3d1e481eda053330887ef88f09ff7d7aa887f061 + +Let's see how another source covered the Dodd-Frank addition at the time...see if we can gleam ~~Bezos's~~ opinion on it via what wsj has to say... + +(Honestly I was thinking about that send my regards puppet masters tweet Elon made a while back and Mixed up Bezos with Rupert Murdoch... + +> The Wall Street Journal is controlled by **Rupert Murdoch** via Dow Jones Publications, which in turn is owned by **Murdoch's** News Corp. It published its first issue on July 8, 1889, under original publishers Charles Dow, Charles Bergstresser, and Edward Jones. + +&#x200B; + +https://preview.redd.it/i15z0vy5gb371.png?width=720&format=png&auto=webp&s=45b1a9cc012abcb4338013b9cb9d4f4254481701 + +That's a super weird way to end an article about a legitimate concern...I legit am also concerned about children creating grown adult women to bang in the burbs so yeah regulates that too wsj. wtf. + +How about we take a moment to instead look at the actual Eddie Murphy Rule itself and see if we can see what would upset the WSJ and Bezos so much... + +# Dodd-Frank Sec. 746. INSIDER TRADING + +>Section 4c(a) of the Commodity Exchange Act (7 U.S.C. 6c(a)) is amended by adding at the end the following: +> +>ā€˜ā€˜(3) CONTRACT OF SALE.ā€”**It shall be unlawful for any employee or agent of any department or agency of the Federal Government who, by virtue of the employment or position of the employee or agent, acquires information that may affect or tend to affect the price of any commodity in interstate commerce, or for future delivery, or any swap, and which information has not been disseminated by the department or agency of the Federal Government holding or creating the information in a manner which makes it generally available to the trading public, or disclosed in a criminal, civil, or administrative hearing, or in a congressional, administrative, or Government Accountability Office report, hearing, audit, or investigation, to use the information in his personal capacity and for personal gain to enter into, or offer to enter intoā€”** +> +>ā€˜ā€˜(A) a **contract of sale of a commodity for future delivery** (or option on such a contract); +> +>ā€˜ā€˜(B) **an option** (other than an option executed or traded on a national securities exchange registered pursuant to section 6(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78f(a)); or +> +>ā€˜ā€˜(C) **a swap** + +&#x200B; + +Insider Trading specifically commodities based the acquisition of information from the Government that is not publicly known and may impact the price of said commodities. + +&#x200B; + +>(4) NONPUBLIC INFORMATION.ā€” +> +>ā€˜ā€˜(A) IMPARTING OF NONPUBLIC INFORMATION.ā€”It shall be unlawful for any employee or agent of any department or agency of the Federal Government who, by virtue of the employment or position of the employee or agent, acquires information that may affect or tend to affect the price of any commodity in interstate commerce, or for future delivery, or any swap, and which information has not been disseminated by the department or agency of the Federal Government holding or creating the information in a manner which makes it generally available to the trading public, or disclosed in a criminal, civil, or administrative hearing, or in a congressional, administrative, or Government Accountability Office report, hearing, audit, or investigation, to impart the information in his personal capacity and for personal gain with intent to assist another person, directly or indirectly, to use the information to enter into, or offer to enter intoā€” +> +>ā€˜ā€˜(i) a contract of sale of a commodity for future delivery (or option on such a contract); +> +>ā€˜ā€˜(ii) an option (other than an option executed or traded on a national securities exchange registered pursuant to section 6(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78f(a)); or +> +>ā€˜ā€˜(iii) a swap. + +&#x200B; + +Hmmm....insider trading based upon government info not known to the public...and they can't skirt this by giving the info to another party to trade on their behalf as well. + +&#x200B; + +>ā€˜ā€˜(B) KNOWING USE.ā€”It shall be unlawful for any person who receives information imparted by any employee or agent of any department or agency of the Federal Government as described in subparagraph (A) to knowingly use such information to enter into, or offer to enter intoā€” +> +>ā€˜ā€˜(i) a contract of sale of a commodity for future delivery (or option on such a contract); +> +>ā€˜ā€˜(ii) an option (other than an option executed or traded on a national securities exchange registered pursuant to section 6(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78f(a)); or +> +>ā€˜ā€˜(iii) a swap. +> +>ā€˜ā€˜(C) THEFT OF NONPUBLIC INFORMATION.ā€”It shall be unlawful for any person to steal, convert, or misappropriate, by any means whatsoever, information held or created by any department or agency of the Federal Government that may affect or tend to affect the price of any commodity in interstate commerce, or for future delivery, or any swap, where such person knows, or acts in reckless disregard of the fact, that such information has not been disseminated by the department or agency of the Federal Government holding or creating the information in a manner which makes it generally available to the trading public, or disclosed in a criminal, civil, or administrative hearing, or in a congressional, administrative, or Government Accountability Office report, hearing, audit, or investigation, and to use such information, or to impart such information with the intent to assist another person, directly or indirectly, to use such information to enter into, or offer to enter intoā€” +> +>ā€˜ā€˜(i) a contract of sale of a commodity for future delivery (or option on such a contract); +> +>ā€˜ā€˜(ii) an option (other than an option executed or traded on a national securities exchange registered pursuant to section 6(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78f(a)); or +> +>ā€˜ā€˜(iii) a swap, provided, however, that nothing in this subparagraph shall preclude a person that has provided information concerning, or generated by, the person, its operations or activities, to any employee or agent of any department or agency of the Federal Government, voluntarily or as required by law, from using such information to enter into, or offer to enter into, a contract of sale, option, or swap described in clauses (i), (ii), or (iii).ā€™ā€™. + +So here we have a sweeping list of Dodd-Frank essentially outlining all the ways the scheme worked in the movie Trading Places. + +Well here's were I'm a bit perplexed. At the end it seems to say while we have made all this shit illegal with this provision to Dodd-Frank there's still nothing to prevent anyone from actually doing any of this in actuality. + +# So where does Shitadel fit into this all? + +&#x200B; + +[ https:\/\/www.ft.com\/content\/47912e56-ab4b-11e6-ba7d-76378e4fef24 ](https://preview.redd.it/k1a3yktwgb371.png?width=731&format=png&auto=webp&s=37514cfd4a6af3a07d751db42dd4243343fceedc) + +&#x200B; + +I know you're asking now if only there was some kind of weird shift in Citadel Securities years ago that seems to imply that the shorting of the bond market was tied to insider information from the Fed regarding the market post 2008... + +Now why does this even matter. This is a GameStop subreddit, and we're talking commodities here, get this bond shit out of here you're probably thinking. + +I believe this is a missing puzzle piece to what House of Cards, The Everything Short, and other amazing DD from Apes have uncovered thus far. + +&#x200B; + +https://preview.redd.it/qtscl92ahb371.png?width=1180&format=png&auto=webp&s=e20287406aedcc961ceae935ea97906c53e13eda + +Early in December of 2020 Citadel Securities then announces it's rolling out a new product for the bond market that it tied to the yield on 10-year notes. + +This smaller exchange is retail focused, but there is absolutely nothing about it that limits it to Retail or smaller accounts... + +&#x200B; + +https://preview.redd.it/q7pbktobhb371.png?width=647&format=png&auto=webp&s=59a7ca18556f4da431d9384a02cf79a93ad31a05 + +This is the first time a future's been launched in yield versus price terms...it's cheaper for average people to enter...It explodes in the start of the Pandemic...anonymous buying and selling...sells computerization and removal of regulatory standards as a selling aspect...they consider it to be a betting site... + +Let me take one little guess what kind of small exchanges we're talking about here. + +Let's see a name for something that rips off the retail investor... + +&#x200B; + +https://preview.redd.it/dpxu158dhb371.png?width=819&format=png&auto=webp&s=65d3663908a8be8e2d96bc2bf2579dc7e31c5742 + +Not be be that guy, but Robinhood is that actually accurate? + +because I will argue that they are involved in the manipulation of their market due exploiting the legal gray area of selling it on their app. You don't own wallets on there. Therefore the customer is not technically a true owner with the ability to sell or buy gatekept by Robinhood. More on that later. + +Without even going into what I'm about to lay out, by having a majority of the wall street facing investing market monopolized they have both the means and ability to manipulate the futures will go because of it. + +Their position in the pandemic also gave them prior knowledge of stimulus which like the rest of the financial system I'm sure you're notices the article about how you could have made more money by dumping your checks into chasing a dog would have made you less than what buying more GME would have. + +What's the CTFC advisory you're pointing to you're probably wondering, and why Robinhood as anything to do with GME when we're talking about securities. + +Well... + +&#x200B; + +https://preview.redd.it/y485n73jrb371.png?width=661&format=png&auto=webp&s=fd56c116a05e1e8ed6914dc09bcac55750186605 + +Furthmore, here's a public statement from the SEC speaking directly on this matter. + +https://preview.redd.it/q7kpd0saub371.png?width=597&format=png&auto=webp&s=2b182cdf3b11a45894667de2c91f8ed4daa6ae0f + +Hey Robinhood, Dodd-Frank's Eddie Murphy Rule says commodities futures markets do fall under regulations. Just because you package them as a securities product doesn't mean they are. + +Hey Shitadel, I'd wager when it comes to options contacts you'd be the ones shitting those out. + +I found this nice little explanation of the caveats of Robinhood's system. + +&#x200B; + +https://preview.redd.it/rzg7p7ckrb371.png?width=771&format=png&auto=webp&s=07fc6a90e463eba57229ad015fe70906fa0bad18 + +No shit they lie and violate their own fine print. It took one click to the CTFC link below it to find an instance of it. + +So here's where Citadel's little small bond exchange comes in handy and becomes curious on its growth and the timing of the pandemic as the starting point. + +So first off let's begin with some TIPS + +# Treasury Inflation-Protected Securities. + +What Are Treasury Inflation-Protected Securities (T.I.P.S.)? + +>Treasury inflation-protected securities (T.I.P.S.) are a type of Treasury security issued by the U.S. government. TIPS are indexed to inflation in order to protect investors from a decline in the purchasing power of their money. As inflation rises, TIPS adjust in price to maintain its real value. + +Here's were it starts getting fun. + +>T.I.P.S. are issued with **maturities of five, 10, and 30 years** and are considered a low-risk investment because the U.S. government backs them. At maturity, TIPs return the adjusted principal or the original principal, whichever is greater. **T.I.P.S. can be purchased directly from the government through the Treasury-direct system**, in $100 increments with a minimum investment of $100, and are available with 5-, 10-, and 30-year maturities. **Some investors prefer to get T.I.P.S. through** a T.I.P.S. mutual fund or **exchange-traded fund (ETF)**. Purchasing T.I.P.S. directly, however, allows investors to avoid the management fees associated with mutual funds. + +SO T.I.P.S. are another for of Treasury Bond you can get government direct, and you can also acquire them via ETFs and Mutual Funds. + +I wonder what stock is dealing with a slew of ETF's being shorted. This is where I need smarter apes to assist me. If shorting those ETF's is leading to a reaction in the underlying TIPS then we should have seen some glitches in the matrix so to speak. + +Let's continue... + +I was hit with the question of can you find any correlations between the bond market and Robinhood, and found something pretty interesting. Someone else noticed a T.I.P.S. correlation that saved me the time of locating the data. (Apes to help verify would be appreciated) + +&#x200B; + +https://preview.redd.it/ilxswfnlrb371.png?width=625&format=png&auto=webp&s=c0b26e28848604e88f0c0360638b8df958cfbe98 + +So it does really well when Treasury Bond Interest Yield rate is high but are dropping. It does poorly when Interest rates are low and rising. When Interest peaks, discount mode kicks in and now it suddenly begins to do worse driving investors to see value in jumping to one or the other. + +There seems to be a predatory nature to these controlled supply and demand if you ask me as Citadel and Hedge Funds monopolize both markets with the Bank buddies. + +Here's a fun graph of the two plotted against each other. + +&#x200B; + +https://preview.redd.it/0765pp5qrb371.png?width=640&format=png&auto=webp&s=c1a8cbc4f8dfcba258b6c774a738a01e0c4b82b3 + +Wonder what happened in January...oh yeah...GameStop. + +&#x200B; + +https://preview.redd.it/jnaht17rrb371.png?width=610&format=png&auto=webp&s=7f3757004732aaa51b8c0f41ee5f34a176c79963 + +This bit of an article tickled me. Bank of America is literally the fucking source here. + +Banks use it for payments. They're who is disagreeing with J Powell here. The CTFC classifies it as a Commodity for the exact same reason. + +Normal People use USD because the IRS doesn't let you pay taxes with it yet. Buying normal shit creates a hassle and normal people don't have time for that shit when filing taxes are annoying enough. You'd convert to USD first then buy shit and most exchanges people buy on don't let you use it anywhere else. + +The part to notice is J Powell doesn't think of it as money, because it's not and he runs the Fed so he should know. + +It's a commodity in the eyes of the SEC according to the CFTC. (edited the word to please the automod you all know the word I mean) + +>The CFTC has designated biconnect as a commodity.Ā  Fraud and manipulation involving bicon nect traded in interstate commerce are appropriately within the purview of the CFTC, as is the regulation of commodity futures tied directly to biconnect.Ā  That said, **products linked to the value of underlying digital assets, including biconnect and other biconnectcurrencies, may be structured as securities products subject to registration under the Securities Act of 1933 or the Investment Company Act of 1940.** +> +>[https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11](https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11) + +Shit I mean it's also a securities product sometimes...dang it. Going to need some help with sorting this out. Let's see...Oh yeah. + +# What's the DoJ been up to... + +Let's check in with them shall we...oh...they already unveiled their Enforcement Framework... + +&#x200B; + +https://preview.redd.it/bsrpgvjsrb371.png?width=662&format=png&auto=webp&s=597db7949ec4a6584504b83ce6d8ef244103d42e + +What's some more recent news...or IRS and DoJ are looking for fraud in exchanges.... + +[https://www.coindesk.com/doj-irs-investigating-crypto-exchange-binance-report](https://www.coindesk.com/doj-irs-investigating-crypto-exchange-binance-report) + +weird.... exchange getting looked at...what's the BSA again? + +>The **Bank Secrecy Act** (BSA) is U.S. **legislation** aimed toward preventing criminals from using financial institutions to hide or launder money. The law requires financial institutions to provide documentation to regulators whenever their clients deal with **suspicious cash transactions involving sums over $10,000.** + +10k huh? + +&#x200B; + +https://preview.redd.it/v1jhnbntrb371.png?width=803&format=png&auto=webp&s=19b9ad28eeda301c39ba39dbb678794fb854a416 + +Well tickled me fucked Ken...that's $10,000...on the surface it seem to be the DoJ is finally applying the same regulatory standards of the BSA onto the markets where...Banks own a majority of it... + +No wonder it's been fucked. + +&#x200B; + +While Citadel is already profiting off of insider information on the Bond Market...The pandemic hits, and they receive insider information before hand that they global economy will tank... + +Kenny comes up with this brilliant idea he got from the movie Trading Places... + +Kenny and his buddies will Short anything Brick and Mortar based off of insider knowledge that the Pandemic will impact the future of the market and use control of the securities and commodities markets to juggle liquidity to syphon even more of the relief money out of the hands of the American People via a gamified app that eliminates most of the information indicating risks and limits user's ability to perform certain actions in the market, aka shorting. + +They eventually decide to go all in on a gaming retailer called GameStop once they've ammased what they feel is a healthy chunk of the demographic in their app who would invest in the ticker. + +Using the liquidity from their first scam to fund the second scam and drive GME to the ground along with the entire fucking market. + +They can control Treasury bond interest yields through this fucked up system it would appear and strangle the market to drive investors where they want them to be unknowingly via naked shorting. I believe this may be what connects the whole shitstorm together. + +&#x200B; + +https://preview.redd.it/csurecxurb371.png?width=321&format=png&auto=webp&s=e7744aff19a8cfd848f89a83fa43bb454662e214 + +>He added that the ā€œsignificant credibilityā€ offered by becoming a primary dealer was also attractive as the company continues to expand. **Primary dealer status is often said to be integral to trade with some of the largest central banks and asset managers around the world**. **The rule changes published by the New York Fed on November 9 include a reduction in the minimum net regulatory capital broker-dealers are required to hold, down from $150m to $50m.** + +So Ken walks up and says... + +&#x200B; + +https://preview.redd.it/j03djeg4sb371.png?width=500&format=png&auto=webp&s=cd4908557e50b2d88c738c012f70456a7ec2e915 + +https://preview.redd.it/se6z5lw4sb371.png?width=618&format=png&auto=webp&s=7e4b66573acaecf654770d2e404320d9190b2ed3 + +&#x200B; + +>ā€˜ā€˜(A) a **contract of sale of a commodity for future delivery** (or option on such a contract); + +Yikes Kenny...deep fucking yikes. + +&#x200B; + +*Cue Beverly Hills Cop theme.* + +*Laughs in Eddie Murphy.* + +&#x200B; + +&#x200B; + +&#x200B; + +**TL;DR:** Before Gary Gensler left during the last crash in 2008 that he helped us get back on our feet from, he successfully managed to get a provision added to the Dodd-Frank Act that made the same type of Futures Commodities Markets via insider information and market manipulation illegal. + +The Eddie Murphy Rule also states that despite it being illegal, there currently isn't other laws in place to prevent them from entering into this enormous fuck up in the first place. + +Robinhood's risk disclosure doesn't accurately represent the truth of regulatory authority over an exchange they market as a securities exchange. The lack of wallets and actual customer ownership implies that customers on their platform do not actually have any true influence over the market. + +That influence is controlled by Robinhood who ultimately has ownership over what to do with the commodities being traded themselves. PFOF I would posit is straight up illegal for a commodity with this set up as Robinhood always has full control over the entire actual market on the platform since again, there are no wallets so no actual customer ownership of the underlying commodities. + +I argue that there is absolutely no difference between that and a typical commodities futures market so the regulations and laws set forth in Dodd-Frank, Section 746 INSIDER TRADING more well known as the Eddie Murphy Rule. + +Knowledge of prior economic events and using that information to Short stocks and drive their investors into other areas of the market monopolized by Citadel Securities and Robinhood where pump and dumps are used as cheap ways to lure younger generations into the markets and onto their platform more specifically. + +I believe this was method for luring younger less knowledgeable investors into the market (gamers) who are knows to be riskier investors and more willing to "take a bet" and are small whales of a sort willing to dump loads of cash into digital assets (in game purchases) + +I legitimately do not believe they had any fucking clue that gaming culture has evolved to regularly include the gamification of information sharing to efficiently leverage community numbers of those interested in a topic to pool their resources in an open forum to learn and improve from one another until the desired result is found. + +Vault of Glass releasing for the first time in Destiny is one example where limited information was provided by the Developers (reporting source) and the community as a whole had to come together and share information to solve the puzzles or be stuck until they worked it out themselves. A choose your own level of learning and engagement situation just like we now have with GME. + +This backfired beautifully on them. + +The current push by the DoJ and the Fed to clamp down and aggressively peruse fraud and bad actors with new regulations such as the $10k transfers requiring taxes akin to the Banking Secrecy Act requires of cash assets to better track them and how they're used is a sign that the end is near. + +The lights are turning on, and the DoJ is looking upon the shit show it's revealed. + +If this is how they're powering any part of the scheme then I would argue that it opens up the path for investigators to have a way in to legally start looking and work from there out via the Eddie Murphy Rule's loophole that never prevented anyone from actually engaging in futures manipulation let alone at this scale. + +I think this shit storm is bigger than a lot of people believe so it makes sense that it required time to even begin sorting out before we can launch, and I haven't even gotten into the automated mortgage origination via one of the biggest lenders in the country aspect of this whole scheme and how that fits in. + +HODL. + +Edit: removed a duplicated sentence. + +Thanks for all the support! I think I may have to try and write up a few follow ups this weekend after the response. + +I'll try to answer all the questions I can best I can as well. I have way more sources and information since I raccoon links and quotes so I can usually try and expand further as needed and provide additional sources I used to lead me there. + +Edit 2: I references Jeff Bezos thinking I linked a Po article. That was uncalled for Jeff, and I'm sorry. I've updated to clarify. + +Turns out Rupert Murdoch owns it the WSJ. +I'm not sure about the rest of you, but I'm tired of seeing hundreds of posts about the same exact bullshit, pretty much several times a week: "ZOMG BTC JUST HIT ALL TAIM HAI <next number in a sequence of never-ending numbers> HODLORRR HODLORRR HODLOR HODOR!!!11" + +Yes. The currency will rise in value. This is guaranteed to happen for probably a *long fucking time*, so unless we're hitting serious benchmarks (e.g. $10k, $20k, $30k, $50k, etc.), I think we should start purging these garbage posts which only exist to cause the rest of us to miss the actual informative and intelligent posts we're looking for. + +Call me salty, but I've been purchasing/investing in BTC for over 6 years. I'm glad the currency has caught on, but this once-useful subreddit has slowly lost it's worth with this new wave of uninformed investors. The administrative leniency to allow non-stop karma-seeking posts like "I just bought my first 0.0001 BTC!" or "2 DA MOOON ROLLERCOASTER GUY!" has become a blight on the **most significant** financial reconstruction and **very first** *actual* decentralization of currency since man started trading. Let the implications of this incredibly massive achievement sink in for a moment, and realize it's significance. Understand where this is headed, and how it will become a catalyst in many changes to come. We need to stop making a joke of this enormous paradigm shift if we want the world to take it seriously. + +Admins: tighten up the rules and give us the opportunity to find posts of actual value. We all know there is an even bigger tidal wave headed our way, and this subreddit is on the verge of becoming a shitshow. + +/endrant +TLDR; If Gamestop issued a special dividend in a Crypto launch -- it would send those who created fake shares scrambling to find GMECoin to pay dividends on those positions. Call it a Crypto-Squeeze set off by market manipulation. + +\*\*\*\*\*\*\* + +# Crypto as a Special Dividend: How It Might Work + +Now, if I were developing a crypto, and wishing to promote my company transition to ecommerce ... I might tie said Crypto it to a special dividend (this has been done before: [Overstock Pays Blockchain-Powered Dividend](https://www.forbes.com/sites/robertanzalone/2020/05/20/overstock-pays-ostko-over-4-million-shares-now-trading/?sh=6bdd600248b4) \-- credit to u/fsocietyfwallstreet for that) and use my completely rational brain to come to a completely rational decision, to create 1 Token (call it GMECoin) for every 1 GME share that (allegedly) exists funded at $5 a piece. That's roughly 70M, so let's make it 75M and keep 5M on hand, just in case... I don't know, as Gamestop I wanted to **raise $1,000,000,000 without creating 3.5M more GME shares**. Because I know I didn't commit to anything. Just kind of threw it out there... for fun. + +[GameCoin](https://preview.redd.it/i4wm7oq2dzs61.png?width=250&format=png&auto=webp&s=47d5dd935c62caac62b57fa60b1759b160726a88) + +When I issue this special dividend, I would immediately publish this new Crypto at $5 -- doubtful (lulz, with a straight face) it would go anywhere quick. Each share of GME gets 1 GMECoin, worth $5 on launch. Only 70M shares right? Lulz... + +The next day, after my announcement, I might list the other 5,000,000 GMECoin on the market, and see what happens. If someone within a group of someone's REALLY needed to find GMECoin to.... hmmm... pay a collective 550,000,000 bogus shares (give or take half a billion fake shares) each a GMECoin, they might be desperate to find them, and quick, before the others do. + +&#x200B; + +# The Crypto-Squeeze + +I might watch the value of GMECoin the day after the announcement go from $5, to $500, to $500,000, to $50,000,000 a piece. Maybe? + +But I don't know what I'm talking about. I'm just an Ape, I'd probably sell my GMECoin(s), and buy more GME with it. I like the stock that much. + +&#x200B; + +# Is Crypto Already In The Gamestops Plans? + +I see Gamestop is hiring lots of developers, and thanks to [u/Pouyaaaa](https://www.reddit.com/user/Pouyaaaa/) for finding [this GME Job Opening for a Analyst, Security Developer](https://careers.gamestop.com/job/analyst-security/J3V0R174DZHKP9C5FVQ) that mentions Crypto as an additional skill, it seems evident they may already be posturing for a dive into Crypto, for their e-commerce, e-gaming pivot. + +https://preview.redd.it/0u79qp884zs61.png?width=1101&format=png&auto=webp&s=edfe3044dae5619fd5c9b7f76285e17f2393d789 + +# Disclaimers. + +I don't know what I'm talking about. + +I'm not a cat. + +I bash keyboard with crayons for a living. + +Not financial or Crypto development advice. +Hello PF! I'm going to try and keep this short, but it's been bothering me. + +Yesterday I stopped a small gas station to pick up a few items that totaled to ~$19. Normally I decide whether I'm paying by cash or card after I hear the total. Instead of telling me the total the attendant said "you can swipe your card now" and I remember feeling startled by the comment. I swiped my card and looked at the little screen to my left to see the total, but it was blank. I looked back to card reader to start hitting the buttons for debit or credit, cash back, etc. These options never appeared. Instead, the receipt printed. Odd. + +At this point the attendant starts laughing a little and in a "whoopsie I accidentally made a joke" type of voice tells me she accidentally charged me $72. The receipt actually says $91. She (still light-hearted and jokingly) tells me that she can only give me a refund through cash and opens the drawer. I'm looking at this receipt and start thinking of a $35 fee for overdrawing my account(1), the fact that it's Saturday and I don't have time to get to a bank to redeposit the money, and how annoying it would be to fix this on my own when I have plans for the rest of the day. Also, I'm really annoyed and pissed at this woman for fucking up this badly and acting like it's no big deal. + +Cutting the rest of the story down: Tell her she's putting the money back on my card. Ask for manager. She tells me to go next door to talk to him. I object and she calls. Turns out there's no one in the office next door. She pushes THREE buttons and tells me to swipe my card again. I have a receipt in my hand saying I was refunded the amount to my card. + +As I'm leaving I start thinking about other times this has happened to both me and other customers, but for smaller amounts. I, personally, see it happen a couple times a week during the random times I happen to be in there. They always say the line about cash as change and I haven't seen anyone object. Apparently this isn't true since I managed to get it refunded back my card. + +So my question is: does over charging people's cards and giving out cash as change benefit them in some way? It's a very small store and she said the manager would back her up that I could only get cash back, but I clearly got it refunded to my card. Why lie about this? + + + +1) I actually had plenty of money in my account. It was more of a "sticker shock" reaction that ~$100 was just taken out of my account when normally I'd look at my budget and account before spending that amount. + + +Edit: I will be going to my bank tomorrow with all the receipts to talk to them about what happened and how it happens somewhat regularly. I'll post an update later if it turns out that something "interesting" is going on with the store. Thank you everyone! +Iā€™m writing a business plan, and I was curious what you guys pay your PM per property. I have quotes from my area. This is all for comparison sake and to satisfy my curiosity. +The area I live (Arizona) has little to no multifamily housing available at all. I'm okay with moving to somewhere else just as long as it's a place I won't end up getting stabbed. Where are some good places to look? +I live in a HCOL area & have invested out of state for a while. Iā€™m at a point where Iā€™d like to start scaling our portfolio and would prefer somewhere closer than a 5 hour flight. + +After looking into some of the college towns near by, the financials make sense. + +My question: how do you handle per room leases? Are these individual students who donā€™t know each other... or are they typically groups of friends who just agree to sign on a per room basis? Anything else unique in the contracts? +I am doing the calculations on a mixed use building I am considering buying for cash, fixing up, and subsequently taking out a loan on it. The lender I typically use quoted me 6%+ on a commercial loan with a 10 year fixed rate if I borrow through my LLC. Conversely, I can borrow under my own name and knock off 1% the rate. What do you guys recommend? Obviously Iā€™d prefer the LLC if rates were equal... +Hi gang. Like many of you, I was stoked to see DFV's latest tweet last night, and began feverishly analysing it along with the rest of ya. Here's the tweet in question: + +[Looks like a message right? I don't think it's that deep...](https://preview.redd.it/ax0j5qbwpcs61.jpg?width=1500&format=pjpg&auto=webp&s=ad2ce67dc809c7de4d9052a324a513d39511da50) + +However, I've come to the conclusion the numbers on the Uno cards are (most likely) meaningless. Sorry to disappoint. Let's pull back the curtain. + +I'll start by linking the original image of Cats Playing Poker: + +[The original \\"Cats Playing Poker\\"](https://preview.redd.it/xswahrstpcs61.jpg?width=1920&format=pjpg&auto=webp&s=2b54fb6c06c17712c7ede23bd06c4edda162164f) + +As you can see, several elements that have been theorised to be messages are still present in the original image. Most obviously: the "C" on the cat's jacket 2nd from left, and the smoke on the right hand side of the image some thought may say something. + +It's clear which elements have been altered by DFV: the cards on the table and the GameStop logos in the lampshade. The logos' meaning is clear, so I wanted to figure out if he truly wanted us to analyse the numbers on the Uno cards. The answer is no. + +I put myself in RK's shoes and thought, "What would I Google if I wanted to Photoshop some Uno cards into a picture?". + +[This is the 2nd image. Didn't even have to type \\"Uno card with 2,1,6,4\\" or anything.](https://preview.redd.it/6zsiq6arpcs61.png?width=1080&format=png&auto=webp&s=43a52bc43c6f515e03d20361c3c4bc1900eceab0) + +Typing in "Uno card hand", you can see the 2nd result are the cards used by RK on the left his Tweet, WITH NONE OF THE NUMBERS ALTERED. + +Now, you could argue it was a lucky coincidence that the numbers he wanted for his message happened to be in a stock photo from an article that's the 2nd result for Uno cards on Google images, but I don't believe that is the case. It wasn't difficult at all for me to locate that image. + +We know he is willing to manipulate images to convey messages, so if he truly wanted those numbers to be meaningful, I believe he would have changed them. For example the card in the middle doesn't mean anything in anyone's theories. + +Now, onto the 2nd set of cards on the right of the image: + +[This is the 8th result when typing in \\"Uno Card Hand\\".](https://preview.redd.it/z13e0ajjpcs61.png?width=1080&format=png&auto=webp&s=f9f09035563ab31c166ecf8ac7c2d7d5faa6a948) + +As you can see this was still on the first page of Google images for Uno Card Hands, within 8 hits. The only thing he has placed on top is a wild card. No colours or numbers changed on this hand either. + +What does this mean: HOLD. Kitty wants us to know he's still playing, but I don't believe for a second he would attempt to pin a date on this. He knows better. + +Don't mean to be a downer, just think it's important to look into these things. Don't think it's DFV giving out those all-seeing eye awards on the posts analysing this tweet. + +**TLDR:** DFV Google'd Uno Cards and picked the first 2 pictures he found. Didn't change any of the numbers. HOLD. + +**EDIT:** Thought I should point out that he chose to use Uno cards to reference his "Selecting Stocks Based on Feel" YouTube video: [https://youtu.be/PQBubLv49fk](https://youtu.be/PQBubLv49fk) I assumed everyone knew this but apparently not. + +**EDIT 2:** Just wanted to say I personally am bullish for next week, for what it's worth. The fact we've made it through this week is massive. I think we'll see some action next week. + +**EDIT 3:** u/weeknddev linked to this video I hadn't see before of Ken Griffin playing Uno in a promotional video for Citadel. Uno cards have enough symbolism in this saga without the stock photo's numbers being a means of communicating a date. [https://youtu.be/5\_f2AEiHY8w](https://youtu.be/5_f2AEiHY8w) +[Interesting article here](https://www.news.com.au/finance/economy/australian-economy/how-to-prepare-for-economic-armageddon/news-story/08c0ab60e4184ee2d2f3e3d199a5a803) + +What kinds of things are you doing or planning to do to survive the high likelihood that bad times are on their way? +Some have their breakthrough in their trading (going from clueless and unprofitable to finally consistently profitable) in just a few months, but some in more than 3 years. When and how did you have this breakthrough? +I lost today. Here's what being a good loser means to me. + +1. I know mathematically why I made a mistake so I can quantify on what to avoid next time. +2. I do not let this mistake have mistake babies and affect my next trade. + +What is being a good loser to you? +I'm single with 3 great kids. I have two daughters ( 12 & 5) and a son ( 7 ). Financially I'm living paycheck to paycheck with my job paying me $10.00 an hour. I'm separated from my husband and he does help out some but most of my money goes towards basic needs. Then of course with no savings I'm in an even deeper mess with an expensive car repair last week. I start school in January so in the future my kids and I won't have to struggle so much. It saddens me to know without help from my grandparents we would probably be homeless. + +That being said..of course my kids have made their lists. I shield them from a lot of our struggles. At this point I'm worried I won't be able to get them much at all so knowing they have lists I can't afford is heartbreaking. (The lists aren't outrageous either.) I know Christmas is more than presents but I also remember being a kid excited about what I'd get Christmas morning. + +What I'm hoping for is some advice on things I can do to help my situation? Maybe some organizations I haven't heard of? Just anything I'm pretty desperate. Thank you for even reading this! + +Edit: I don't know if this is needed but I live in South Carolina. Figured it might help when it comes to organizations and help. +Iā€™m 32 years old and I feel like I keep an eye on stuff, but maybe to a fault. I make roughly $65k/year in a very low cost of living area. + +My only debt is $8,500 left on my house. ($110k) + +My job doesnā€™t offer retirement. I max out a Roth IRA ($90,000) and i have two other accounts ($38,000 and $22,000) that are ā€œnon retirementā€ but they will basically be used as retirement. I donā€™t plan on touching them for years. + +My problem is I know Iā€™m a little too focused on retirement sometimes. I keep saying ā€okay once this account gets to this amount Iā€™m going to back off a little bit and do a few extra things in life nowā€. But then I always just create a new goal in my head and continue doing the same thing. + +Im worried that I might be to carried away and I canā€™t imagine thatā€™s good for mental health. +So I posted a thread here: https://www.reddit.com/r/UKPersonalFinance/comments/8cm8c8/working_out_a_first_offer/ + +I put in an offer of 250 and it got rejected. Estate agent said that the price was non-negotiable so I pointed out that the price had already fallen from 270 so it clearly was negotiable. He leaves +a voicemail saying someone has offered Ā£270 so if I want it I would have to offer 270 and pay the deposit today. I decline again. + +He then calls me relentlessly for the next few hours saying offer 260 and pay the reservation fee (Ā£500) and we can get things moving. + +I point out that I still can't exchange deposits till mid-June due to Lifetime ISA restrictions, which he said the other buyer already had. He then relentlessly calls again to say oh we can get the developer to work with you on that. + +Then this morning he is badgering me again over 260 and saying he's taking someone else to view the place this morning so I need to get an offer in now if I want it. + +Is this common? I'm going to offer Ā£256500 I think which is a 5% haircut on the 270 initial. +I've been planning on quitting for a few years, and within the last year have seriously been considering it. This week I told my boss I was leaving for a year. I don't really plan on going back, but at least it's there if I need/want the job. I should start my freedom in a few weeks. + + + +So here's the details, for those interested: I'm ~30, I work(ed!) in software, and was making around $85k/year after ~7 years in the same job (big, boring company). I've been saving like crazy, have around $400k invested, about half of which is in retirement accounts. My income will be ridiculously low though, so I'm not super worried about taxes. + + + +I have a few side-hustles which I'm hoping will net me around $10-15k/year, which should get me to around $25k (post-tax) per year with a 3.5-4% withdrawal rate. I'll probably get bored pretty quickly though and find a part time job to supplement my income, if I can find something I enjoy doing. + + +I live in a pretty high COL area (a little outside of NYC), but my expenses now are probably a little under $25k/year. I can probably get that down another $1-2k if I try, which should be easier with more free time now. More couponing, more cooking real meals, etc. Vacations are close enough to free since I do /r/churning (and have probably $1k+ in points saved up currently), and I'll probably try to do more of that, since again, I'll have more free time to plan and take trips. + + +So what do I plan to do with my free time? Exercise. I've already worked out more every day in the few days since I put in my notice, and with the freedom to sleep more and wake up well-rested, I plan to use that energy productively. I also want to go out running and hike more when it's a little warmer. I'm also gonna spend more time playing video games, because hey, why not? And visit family, since I don't do that as much as I feel like I should. I have other hobbies as well, but I already spend plenty of time on those. I'm gonna try to do some volunteer work as well, if anyone has any good suggestions for things I can do during the day without a set schedule. I like teaching, if that helps. + + +Oh, so how I did this whole thing: I save like crazy. Every dollar I can cut out of my expenses went toward quitting my job. I drive an old car, I cook most of my meals, I buy store-brand food, I don't drink (not because it's cheap, but it just also happens to be super frugal), I get clothes on sale and/or from cheaper stores (Kohl's, or even H&M is fairly cheap if you get stuff on sale). + +I've also been constantly doing side-hustle work. It's out there, and if you want to make a few extra dollars a day, you can do it (search the sub for more info, there's plenty of it, especially if you're willing to work for less than minimum wage). + +I've also turned my hobbies into side hustles, since I run sports clubs for sports I'm into, and end up either playing for free or making a few bucks off of the leagues/events. I use Slickdeals.net or other deal sites to find deals on anything I'm buying, always Google promo codes for whatever sites I'm buying stuff from, and only buy stuff when I actually need it. My 40" Samsung TV wasn't cheap when I bought it ($500 at the time), but I've had it for over 6 years and it's still going strong. I buy refurbed phones from eBay when I need a new phone, and I rarely get the 'flagship' phones, since the Nexus phones, OnePlus phones, or other similar phones have good specs and cost much less than a Galaxy or iPhone. + + +I've also used /r/frugal and /r/personalfinance as a resource to find creative ways of cutting down on pretty much every bill or expense I have. I look at every dollar I spend and think about how I can cut out that expense. I still pay for things I want (snowboarding just isn't a cheap hobby no matter what you do), but I find creative ways of keeping the costs as low as possible without cutting out the fun (group discount lift tickets, gloves on sale, sharing an AirBNB with friends, etc.). + + +I think that's about it for now. I'm just really happy, and finally feel a ton of relief about this thing I've been trying to achieve for years. Comments or questions or just any responses at all would be great! +**Started with 60 at Computershare, more than quintupled by now and heading to XXXX soon!** + +There are rumours that much more shares than calculated are already DRSed, so hurry up guys!! + +**Diamond f+cking hands!** + +šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€šŸš€ šŸš€ + +&#x200B; + +&#x200B; + +https://preview.redd.it/6rcndrowbsi81.png?width=339&format=png&auto=webp&s=2a30a756403830f73942b4f5367f9a7403ec71e4 + +&#x200B; + +https://preview.redd.it/ey8s673ubsi81.png?width=735&format=png&auto=webp&s=7d7feb8394bc7dc415231f298db35be29e0a7875 +Hello everyone. + +A couple of months ago I wrote a guide and it seemed like it was well received (for people just getting started). I have been adding updates. I felt like it has been updated enough to justify another post. I will admit that I started off in WSB and have been trying to improve my knowledge and understanding. The document is safe for work. The only part may be the glossary at the very end. + +I hope this helps people just starting out. Those who are using Robinhood mainly. It has visuals and other other things to help you understand what you are dealing with. Have a great week. Make good trades and remember profit is profit. You donā€™t need 10 baggers. Win consistently and you can trade for a while. + +Be well. + + +https://1drv.ms/b/s!Al4ePGFe4xd0gxGNP6DjsjX03Yi8? +DePuy Synthes of Johnson and Johnson have sponsored a four year trial in a regenerative stem-cell treatment trial taking patients' own tendon stem cells via a quick biopsy (tenocytes), culturing cells and reinjecting into the degenerative tendon. + +Results about to be announced by their four year trial partner Orthocell (OCC) on the ASX. This is an at least $10 billion market that not only can replace unecessary and expensive surgeries in many cases but also meet unmet needs. + +The companies results to date have shown near 90% success rates: + +https://www.google.com/amp/s/www.proactiveinvestors.com.au/companies/amp/news/923762 + + +The FDA has just granted approval for an autologous stem cell trial.in MS for those concerned there. +Letā€™s break then earning period down to ten days with 6 Users scaled on engagement. 100 moons to get distributed ā€˜eachā€™ round; itā€™s really the first round but with more and more saltier people. All posts get liked by everyone to start. + +&#x200B; + +U1: 30 posts, 180 likes, 43.47 moons. + +U2: 20 posts, 120 likes, 28.98 moons. + +U3: 11 posts, 66 likes, 15.93 moons. + +U4: 5 posts, 30 likes, 7.24 moons. + +U5: 2 posts, 12 likes, 2.89 moons. + +U6: 1 post, 6 likes, 1.44 moons. + +Total likes: 414 + +Moons 100/414 = .2415 moons for each like. Calculation entered above. + +&#x200B; + +Now here are those numbers if U6 was salty and didnā€™t like any posts but his own. + +U1: 30 posts, 150 likes, 43.35 moons. + +U2: 20 posts, 100 likes, 28.90 moons. + +U3: 11 posts, 55 likes, 15.89 moons. + +U4: 5 posts, 25 likes, 7.22 moons. + +U5: 2 posts, 10 likes, 2.89 moons. + +U6: 1 post, 6 likes, 1.73 moons. + +Total likes: 346. + +Moons 100/346 = .2890 moons for each like. + +Now U6 would get about 20% more moons. + +Not bad, he thinks, being stingy, but this catches on. + +&#x200B; + +Now U2 almost fills the feed daily, so here it is if both U2 and U6 didnā€™t like any posts but their own. + +U1: 30 posts, 120 likes, 40.40 moons. + +U2: 20 posts, 100 likes, 33.67 moons. + +U3: 11 posts, 44 likes, 14.81 moons + +U4: 5 posts, 20 likes, 6.73 moons. + +U5: 2 posts, 8 likes, 2.69 moons + +U6: 1 post, 5 likes, 1.68 moons. + +Total likes: 297. + +Moons 100/297 = .3367 moons for each like. + +Now U6 is still technically up 16% from the initial round, but down \~4% on that in the second taken by U2. + +U2 was only down by 0.0028% from U6 going salty. But once he also went salty, he too is up 16%. Taking away almost 10% (a full 3moons) away from U1. + +&#x200B; + +U1 notices and retaliates by going salty ASWELL. + +U1: 30 posts, 120 likes, 46.51 moons. + +U2: 20 posts, 80 likes, 31.00 moons. + +U3: 11 posts, 33 likes, 12.79 moons + +U4: 5 posts, 15 likes, 5.81 moons. + +U5: 2 posts, 6 likes, 2.32 moons + +U6: 1 post, 4 likes, 1.55 moons. + +Total likes: 258. + +Moons 100/258 = .3875 moons for each like. + +U1 has benefited the most while every other User has suffered compared to the previous round (whale). + +&#x200B; + +Letā€™s end it with everyone salty. + +U1: 30 posts, 30 likes, 43.47 moons. + +U2: 20 posts, 20 likes, 28.98 moons. + +U3: 11 posts, 11 likes, 15.93 moons. + +U4: 5 posts, 5 likes, 7.24 moons. + +U5: 2 posts, 2 likes, 2.89 moons. + +U6: 1 post, 1 likes, 1.44 moons. + +Total likes: 69 (nice). + +Moons 100/69 = 1.44 moons for each like. **Same as the start!** + +&#x200B; + +Somewhere we all find ourselves in the middle between the first round and this last round. **I donā€™t think it net pays to be salty**, even if you are a whale, because distributing likes is like planting apple seeds in a field you may never return to. If you ever do return, itā€™s more likely to be fruit there for you, or people living near the trees who welcome you back. +Letā€™s break then earning period down to ten days with 6 Users scaled on engagement. 100 moons to get distributed ā€˜eachā€™ round; itā€™s really the first round but with more and more saltier people. All posts get liked by everyone to start. + +&#x200B; + +U1: 30 posts, 180 likes, 43.47 moons. + +U2: 20 posts, 120 likes, 28.98 moons. + +U3: 11 posts, 66 likes, 15.93 moons. + +U4: 5 posts, 30 likes, 7.24 moons. + +U5: 2 posts, 12 likes, 2.89 moons. + +U6: 1 post, 6 likes, 1.44 moons. + +Total likes: 414 + +Moons 100/414 = .2415 moons for each like. Calculation entered above. + +&#x200B; + +Now here are those numbers if U6 was salty and didnā€™t like any posts but his own. + +U1: 30 posts, 150 likes, 43.35 moons. + +U2: 20 posts, 100 likes, 28.90 moons. + +U3: 11 posts, 55 likes, 15.89 moons. + +U4: 5 posts, 25 likes, 7.22 moons. + +U5: 2 posts, 10 likes, 2.89 moons. + +U6: 1 post, 6 likes, 1.73 moons. + +Total likes: 346. + +Moons 100/346 = .2890 moons for each like. + +Now U6 would get about 20% more moons. + +Not bad, he thinks, being stingy, but this catches on. + +&#x200B; + +Now U2 almost fills the feed daily, so here it is if both U2 and U6 didnā€™t like any posts but their own. + +U1: 30 posts, 120 likes, 40.40 moons. + +U2: 20 posts, 100 likes, 33.67 moons. + +U3: 11 posts, 44 likes, 14.81 moons + +U4: 5 posts, 20 likes, 6.73 moons. + +U5: 2 posts, 8 likes, 2.69 moons + +U6: 1 post, 5 likes, 1.68 moons. + +Total likes: 297. + +Moons 100/297 = .3367 moons for each like. + +Now U6 is still technically up 16% from the initial round, but down \~4% on that in the second taken by U2. + +U2 was only down by 0.0028% from U6 going salty. But once he also went salty, he too is up 16%. Taking away almost 10% (a full 3moons) away from U1. + +&#x200B; + +U1 notices and retaliates by going salty ASWELL. + +U1: 30 posts, 120 likes, 46.51 moons. + +U2: 20 posts, 80 likes, 31.00 moons. + +U3: 11 posts, 33 likes, 12.79 moons + +U4: 5 posts, 15 likes, 5.81 moons. + +U5: 2 posts, 6 likes, 2.32 moons + +U6: 1 post, 4 likes, 1.55 moons. + +Total likes: 258. + +Moons 100/258 = .3875 moons for each like. + +U1 has benefited the most while every other User has suffered compared to the previous round (whale). + +&#x200B; + +Letā€™s end it with everyone salty. + +U1: 30 posts, 30 likes, 43.47 moons. + +U2: 20 posts, 20 likes, 28.98 moons. + +U3: 11 posts, 11 likes, 15.93 moons. + +U4: 5 posts, 5 likes, 7.24 moons. + +U5: 2 posts, 2 likes, 2.89 moons. + +U6: 1 post, 1 likes, 1.44 moons. + +Total likes: 69 (nice). + +Moons 100/69 = 1.44 moons for each like. **Same as the start!** + +&#x200B; + +Somewhere we all find ourselves in the middle between the first round and this last round. **I donā€™t think it net pays to be salty**, even if you are a whale, because distributing likes is like planting apple seeds in a field you may never return to. If you ever do return, itā€™s more likely to be fruit there for you, or people living near the trees who welcome you back. +Hello, + +I am in my mid 30s in Canada and thinking of leveraged investing. Specifically, plan is to borrow $100k from bank using line of credit at interest rate of 2.2% (able to get this rate as I am a physician) and invest in a well diversified ETF of 80%stocks and 20% bonds such as Ishares AOA which is expected to give returns of 7-10% per year in long term. I can afford the $2200 per year of interest charges. Have no problem with buy and hold strategy, so will continue to hold the ETF during the downturns. Would you recommend this strategy and is this a good way to generate wealth and reach financial independence sooner? I am still learning about this strategy and I am starting to prefer this over real estate investing as it's much less work and hands-off. Real estate has given returns of 15-30% in canada over last decade but it's much more work. Thanks for reading. +You may have seen my posts, but Iā€™ve been trading for about 2 years and only learned how to trade based purely price action, candle sticks, and chart analysis. Iā€™ve been consistently profitable for the past month because Iā€™ve finally forced myself to be patience and learned from my mistakes. + +The only indicator I have on my chart is a 50 SMA. Which usually is at the same level as my support/resistance levels anyways. + +So many people use indicators and Iā€™m wondering how many of you rely on one for your entry reason and how much success youā€™ve had with it. + +RSI, CCI, MACD. Mostly referring to overbought and oversold indicators. + +Iā€™ve been looking into ATR for stop losses but havenā€™t incorporated it in my trading yet. + + +Iā€™d love to hear your stories and maybe get a better understanding of how much value an indicator can provide. +I was trading forex since 2018 in high school, lost all my money like 20gs back then on blown accounts and lost prop firms challenges because of ignorance, impatience, lack of strategy and disregard for risk management, got really depressed and I swore I would never trade forex all together. I was doing crypto and some stocks, made money and got out so I wasn't away from charts completely. + +Now I started back in forex with demo accounts about 3 month ago cause it has and always will be where I want to find success and I could now acknowledge it was my fault I lost, I let the market beat the shit out of me and quit like a bitch when I should have focused on learning how to trade properly. From my experience I have a solid understanding of technical analysis, patterns, and from the last 3 months I have been beating risk management and the importance of incorporating it into a strategy in my head, but now I don't know what direction to go in when it comes to actual trading. + +At the moment I am trying to develop an algorithm like strategy with downloaded indicators and trading the daily chart to catch long trends with small lots but I don't know how I feel about it. I like the concept of indicators because they allow you to trade based on a system that must agree for you to trade and removes a lot of emotion and when backtesting no doubt they work much better on the daily chart. + +At the same time they miss so many opportunities and when the market starts swinging in a range on the daily they give so many delayed signals on the swing that end up as losses. I would want to incorporate price action trading into a strategy but I don't understand how you backtest it. I don't know what to do Im conflicted between continuing to work on my current strategy and just improve it with better indicators or If I should try a new approach. Just looking for advice from successful traders who maybe have been in the position I am right now and could help guide me. Appreciate anyone who took the time to read this +Good afternoon dear traders, + +I'd like to partner up with a skilled trader in order to build a trading bot / trading signal. + +I am familiar with trading but I need someone that completes my programming skills with his trading knowledges. + +I plan to leave my job to focus 100% on this project so time on my side is not an issue. + +Please send a private message or add me on discord (Fr4nz78#2775) to discuss about this project in depth. + +Kind Regards, + +Fr4nz78 +I am thinking of using oanda's trading platform for trading forex. I like the idea that you can set up some code in the demo account, and roll it over into a real account when ready. + +Question: Does anyone have any experience with oanda and implementing some of your own code, if so what has your experience been? Also, what language would you recommend? I have written a good deal of bash, perl, python, and know some C++. I am open to learning a new language, but if I am going to spend the time to learn one, I would like some advice on which would be worth the time. +Hey guys I'm looking forward to forex trading and I want to start with a 100$ account on May. Will I be able to make it grow to 1000$ or even 10,000$ account if I trade daily for four months. +What are your experiences and what do you guys think I can make the account worth within four months +I play around with EAs on the side. PISS OFFFFF before you scoff and jeer at me about they they don't work etc :D. + +And I was going to turn them on on the 6th... But I got greedy and turned them on last night... Literally a minute before the great crash of 2019. + +It decided to buy on 3 pairs against the JPY. No wonder it went mental thinking it was all over bought.... And then the SL triggered and then the currency restored but it was too late . I was already left in the gutter. + +1000 pip recovery to be made. Going to be a fun month for me. + +Robots are thick. And I was stupid. +While I've never traded live before and still consider myself a total newbie, I've read plenty of books related to trading and forex in particular and have been demo trading for almost 6 monts both with mt4 and cTrader (and made a couple EAs and algos, since I have a CS background). I've blown more demo accounts than I can remember... + +From what I read (and feel free to correct me if I'm wrong) there are only two things you need in order to make it in forex: solid money management and a trading strategy with an edge. + +The only thing I couldn't find yet on any book is: **How do you develop such a trading strategy?** + +I don't want to know the secret sauce (when to go long or short), just the reasoning behind those strategies whether they're profitable or not. +Is it just trial and error? +*Let's try to buy EURUSD when price goes above SMA14 on M15... (Backtests over a period of two years. Blows account.) Well, it didn't work. How about trying with H1?... (Back to backtesting...)* + +Or is it that eventually you develop some kind of intuition about how markets are behaving and some things might work better that others? And just try those until it works? (Purposely leaving aside the discussion about the amount of backtesting you feel comfortable with before going live. I believe that deserves a thread on it's own) + +I'd love to hear from both technical and fundamental traders. + +**UPDATE:** A couple of days after posting this question, I came across a series of articles that describe one possible way to approach the development of a trading system: + +[Build Better Strategies!](http://www.financial-hacker.com/build-better-strategies/) + +[Build Better Strategies! Part 2: Model-Based Systems](http://www.financial-hacker.com/build-better-strategies-part-2-model-based-systems/) + +[Build Better Strategies! Part 3: The Development Process](http://www.financial-hacker.com/build-better-strategies-part-3-the-development-process/) +Last 2 weeks were devistating, I didn't blow account or something like that but I was in slight minus last 2 weeks? Maybe I am making bunch of mistakes or everyone is experiencing bad weeks? +Ok, a bit of a dramatic headline, but it got you to click. + +A bit about me. + +Trader for about 8 years and Iā€™ve been a broker in the mid market too. + +I used to contribute here a fair amount on a different account but havenā€™t in the last year or so. But Iā€™ll pop by every now and then. + +Let me tell you why youā€™re unlikely to make it, but with the reasons why, Iā€™ll provide you with the way to learn how you can. + +Retail, you are too comfortable with charts. + +I see a lot of charts and they tend to be art work rather than anything pertinent to actual context right now. + +We are human, and one of the things we do is to confirm our own biases. + +Most of the time, that is all youā€™re doing when you are trading purely via a chart. You can argue with me on this one, but Iā€™ve seen it 9/10 - and you will not make money. + +You can try and think that you know where the ā€˜big boysā€™ (God what an annoying phrase) are trading, but really itā€™s unlikely you do... especially when they donā€™t know where each other are trading. + +I can tell you that from the clients I had who were funds, few ever spoke about what ā€˜institutionsā€™ or large players were doing because they FOCUS ON THEIR OWN TRADING. + +You have to think to yourself why so many educators sell market opacity - why do they put up smoke and mirrors as to what banks and institutions are doing? Surely not to sell anything... + +Let me still chastising and sounding pompous. Really not what I want to do. + +What many miss out on is the essential knowledge of what the market is there for. + +If weā€™re specific with FX, it is there to facilitate trade, have a functioning economy relative to asset flows and capital. + +With this in mind, what is the one feature that I see little written about here? + +For me, itā€™s truly in depth analysis of whatā€™s really going on. + +For example, there has been a long narrative over the last year of the trade war + the Fed raising rates in mainstream media. + +While important, this is not what is affecting money markets such as LIBOR, Euribor and USD denominated debt piles in the EMs. + +What is the real priority is Fed balance sheet reduction and the wars the central banks are having with each other quietly. + +Take the PBoC for example. Theyā€™ve recently caused an uptick in the total global central bank balance sheet holdings since theyā€™ve been trying to stealthily ease while deleveraging. + +Back in Jan 2018, SHIBOR (Shanghai Interbank Overnight Rate) fell from a high to 50% of the rally from 08. This was a response to Trumpā€™s tax cuts where they thought there may have been credit stress on the interbank, and with high Chinese corporate debt, I think it was a good move then. + +BUT, where is the trade here? + +Look at AUDJPY. AUDJPY is a risk proxy first and foremost, but also a proxy for Chinese aggregate demand. + +If we feel that China is slipping, we sell AUDJPY... but if we go to the root of the issue, it wasnā€™t tariffs that caused China to have a record surplus in Q3 this year, but the Fedā€™s balance sheet reduction which caused a Chinese response to ease on their money markets with a corresponding liquidity problem with the dollar (dollar got more expensive!). + +If you know that relationship then you know how to action a trade, and this is an example of what I feel a lot of retail miss out... less spoken about details that are really the main story, but are drowned out by the talking heads. + +You want to be trading in the tails of a normal distribution of fundamentals. + +Find data on countries that isnā€™t being spoken about but matches with a knock on event that is happening now. This could be political risk, economic, anything that you can get an angle on that others canā€™t see. Get down a rabbit hole of seeing if your macro thesis has potential, then look at data, data, data. Hell even jump on LinkedIn or Twitter or Facebook and ask people what their opinions are on things happening in their country. ANYTHING to get an edge. + +Now look at your longer term chart. Is there a reason to technically take this trade? Is there a trade that is cheap now? Trading in the tails will have most trades being cheap because youā€™ll know when youā€™re wrong very quickly, but have good upside potential since itā€™s unlikely to be realised by many yet. + +Could you trade it via futures spreading or is an outright FX trade the best to play it via - what about trading an index? An ETF? What about a combination of all three? + +Canā€™t remember what Iā€™ve written up there now but I hope it was somewhat informative but slightly ranty. So sorry. + + +Everytime I analyse and find a good setup that im 100% sure of I start thinking too much til I find alot of reasons why it could also go the opposite way. +e.g Yesterday I found a pretty good setup that again I was pretty sure about and entered the trade, then I instantly started finding reasons why it could go the opposite direction and closed the trade with a small loss(paper trade). + +What can I do about it ? +So without giving away your golden goose strategy give us some hints and tips that you think many traders overlook? + +Volume(Tick data): Many people I think ignore this because they dismiss as not real volume. Evidence shows that it behaves the same as "real" volume. + +London breakout: To me as an intraday trader this is the best time to get into a trade. Every other time just doesnt give the clean moves. Sometimes NY open but its sporadic. +Seems like most on this subreddit trade with the 1hr-1day charts. Is there a reason so many prefer taking making short term positions as opposed to say something more long-term? +Sorry for the noob question, but instead of setting a take profit, why not set a trailing stop? Won't you get all the risk management while allowing winners to run? + +Edit: Thanks for all the feedback guys! Lots of very good points, and learned A LOT from this one post as a new "trader". +So I was wondering if I need prior experience with stocks or anything else to be good at forex? What exactly do I have to do to get started on this website and make money? +So I was wondering if I need prior experience with stocks or anything else to be good at forex? What exactly do I have to do to get started on this website and make money? + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! +Predictions for 2018: + +1\. The flippening (ETH mktcap > BTC mktcap) is right around the corner. Itā€™ll happen early this year, then flip back for a time. Followed by a sustained flippening later this year. + +Why? ETH is building fundamental demand. BTC core is losing demand, removed as payment option from many early adopters. It will either calcify as a pure collectible, or eventually be forked into something useful. LN adoption is way further out than most people think, segwit adoption itself has been slow as molasses. + +2\. ~~BCH~~ Some Bitcoin relatives will see a sustained resurgence, perhaps eclipsing BTC as well. + +Why?: I am hoping to coordinate a non contentious hard fork of ~~BCH~~ some Bitcoin relatives to actual good on chain scaling using the Bitcoin-NG architecture. Almost certainly a longer timeline than deploying this year, but I'm planning to make it a hot topic next week at BTC Miami. + +I've edited the above section to reflect my plans more precisely. We'll be looking looking at a number of different coins and communities that make sense to deploy Bitcoin-NG on. For example, LTC, DOGE, and DCR. For technical and historical reasons (shared chain history) I think the Bitcoin Cash chain makes the most sense to deploy on, that's why I used it above, but that's not a well thought out plan that's just my instinct. It may also make sense to fork BTC directly. + +*** + +This prediction is based on a thoughtful criticism of LN, included below for completeness. + +> LN adoption is way further out than most people think, segwit adoption itself has been slow as molasses. + +For one, segwit support isn't even really complete yet. (Kraken: We won't support native Segwit Bech32 addresses until "full support in wallets such as bitcoin core") + +So when they tell us `lnd` is complete, it's hard to really believe them. The other thing, even if it is complete, integration into businesses is going to be really slow. These companies are dealing with so much money now they have to be really conservative and run a comprehensive security review on the software, and more importantly on the architecture. This is a good thing, we want them to be upgrading safely, but it will take time. + +I also have a bunch of concerns about the promises made by LN. Don't get me wrong, I love the tech, it's awesome for things like micropayments, brick & mortar stuff, but it's not a panacea. + +Biggest issue is censorship resistance. LN breaks that model because it will be very easy for companies to refuse to route to a blacklisted cluster or network. And after you've requested it, guess what, they have a record of the request so they know for certain if you're being naughty on chain! + +Imagine you want to send $200 worth of BTC to KuCoin to buy some small cap. Maybe Coinbase doesn't let you because KuCoin doesn't KYC and Coinbase has legal obligations to Uncle Sam. Well instead you can withdraw to your own address and send it yourself, incurring two TX fees and cutting your investment in half. Therefore censorship resistance becomes the sole privilege of the wealthy. DUCK THAT. + +Also, LN will not provide scaling in the way most people expect. How much capital is going to have to be locked in LN smart contracts? Maybe the owners of said capital would rather deploy it in a different fashion. Also, channels are still going to have to open and close frequently. Even two-way channels get "used up" as you cannot really unwind a channel, you just have to send a credit in the other direction. So for cases where lots of money is moving between, e.g. exchanges, it's actually not going to help that much (although it should really help to cut down the UTXO set). + +My last concern -- LN credits are not actual Bitcoin, they are a somewhat guaranteed future Bitcoin. Not fully guaranteed though, you need to make sure not to lose the latest signed TX, need to stay online, need to be able to get your transaction mined (run on the banks becomes a run on blockspace). Individuals should not be running `lnd` themselves unless they truly understand all these risks, know how to protect against them, AND are willing to put in the work to protect against them. So basically nobody except businesses. + +Again, don't get me wrong, I love the tech, it's awesome for things like micropayments, brick & mortar stuff, but it's not a panacea for scaling. +Just got an email from ledger stating that there were 272,000 people who had their addresses leaked. + +Unbelievable and unacceptable. There needs to be a class action lawsuit. + +They also hid the fact that there were so many physical addresses leaked. + +Edit: they originally claimed 9,500. Not far off in the grander scheme of things. +Thereā€™s plenty of talk about where the stock markets are going (down!) but nobodies brought up what this means for house prices. Even on Twitter where Australian economists are talking about an incoming recession and the 7% drop on the asx none of them have touched on their expectations for the real estate market. I can only assume when the stock market crashes so does the banking system which lockdowns credit resulting in that almighty property crash weā€™ve been waiting for! Is this not the case? I donā€™t get it. How can melbourne sustain the property bubble in the middle of GFC 2.0?! Surely Sydneyā€™s clearance rate next Saturday is going to be sub 65%! What crazy people would buy property in a time like this??? +Retail was in the doldrums for years before covid hit only to explode once people had access to increased levels of job keeper, job seeker and early access to super. + +New car sales were performing just as badly as retail was, with years of declining sales. Now it's the complete opposite with new car sales booming. The used car market especially went bonkers, with anecdotal stories of the sub 20k price range being snapped up instantly. + +Jb HiFi, Harvey Norman, Kogan etc all did huge sales for the second half of 2020, completely bucking years of declining retail sales. Gerry Harvey infamous said that covid was a great opportunity for his business. + +>The octogenarian Rich Lister then catalogued the cold hard profits he was extracting from the panic buying. ā€œYou know, this is an opportunity,ā€ he gloated. ā€œOur sales are up ā€¦ by 9 per cent on last year. Our sales in freezers are up 300 per cent. And what about air purifiers? Up 100 per cent!ā€ + +Now that all the government stimulus is being redirected to industry specific areas (tourism), has there been any evidence of the strong retail trade reversing back to it's 2019 trend? Does anyone have any anecdotal evidence of retail pulling back or perhaps even getting stronger? + +Property gets discussed a lot on this subreddit, so I thought it'd be interesting to hear what's happening in the retail/consumer space, especially from those that work in this area. +If the end goal is to become a developer/ programmer? University Curriculum's don't seem that great for learning actual skills, and I know you can learn a lot online, but it seems to get a foot in the door you basically still need the degree? + +At the same time, graduate outcome surveys for computer science don't look great either. Australia has less of a tech industry than the U.S so there is not anywhere near as much demand. +Iā€™m budgeting right now and am curious about how much people put aside for recreational expenses per week or month? By recreational I mean things like shopping (clothing etc rather than groceries), Ubers, alcohol, tickets to events, dining out but Iā€™m not including travel. I would be interested to know how much you put aside for travel as a separate amount though. Iā€™m also interested to know your life stage too ie single, double income no kids, family etc + +Iā€™m currently budgeting $240 per week for my recreational expenses (not including travel). For context, my mortgage is relatively small, I donā€™t have children and am living DINK life. +Our school has begun the discussion at a leadership level about our senior schooling offerings. The current discourse is that most students won't go to university. The traditional narrative where you go to university, graduate and have the same career for 40 years is being discredited. + +For the majority of students, the plan is not to offer an ATAR pathway or even perhaps a QCE.... With a push towards TAFE certificates, partnerships with industry and 'real world learning' (i.e. running school cafe, a bookshop, art gallery within school). + +So, if you were to graduate high school from 2020-2025, would you go to university, given your financial literacy now? + +(I went to university, graduated and have been in the same job for 7 years. Lots of security, long service leave perks... I'm happy with my decision...) + +Edit: a couple of words. +I bought a 2022 telluride and wanted to put $10k into the transaction between down payment and trade in. We told the dealer that and they looked at our car we were trading in (2009 Hyundai Santa Fe no financing on it, we own it outright) and told us they would give us $1000 for the trade in on it. I said okay Iā€™ll write a check for $9000. After thinking about it for a bit I figured Iā€™d rather just keep the Santa Fe as my son is getting his drivers license in 18 months so Iā€™d just hang on to it for him. I told the dealer this and they said theyā€™d have to check with the financing to which I said thatā€™s fine, Iā€™ll just write the check for $10,000 instead so the deal would be the same. He came back after a while and told me the bank wouldnā€™t do the financing if we didnā€™t trade the car in. I questioned it and he said that by trading in a car with no loan on it it shows we are financially responsible and able to pay off a loan. I told him that we never had a loan on it, we bought it with cash 10 years ago. He said thatā€™s just what the bank says. So I went through with it and traded it in, but itā€™s been bothering me. So, is this a legit thing or did the dealership screw me over? + +Eta: I did get an appraisal from carvana before I went to the dealer they only offered $400 for it. https://i.imgur.com/3uRb7Q3.jpg +I am all for investigation into big dirty players, but Iā€™m here to give you some of the down and dirty on deals at GameStop. + +Thereā€™s only 9 days left in GameStopā€™s second quarter. If GME wants to see results for their stock, the best thing people can do is shop! +Donā€™t have enough money to buy shares? +Well spend some of that cash at the store! +There are some great deals going on now. +GameStopā€™s DEAL OF THE DAY: +ā€” Mario and Sonic at the Olympic Games $32.99 new +SUMMER SALE +ā€”Save $10 when you spend $75+, save $20 when you spend $150+. ā€”Save 20% when you buy 2 pre-owned games $19.99 or less. +OTHER DEALS: +ā€”There are preorders available for Madden, Mario Party, Halo, and more. +PERSONAL DEEP DIVE/DOUBLE DOWN/DUE DILIGENCE FIND OF THE DAY: $19.99 +ā€”Shower Beer Can Holder and Bluetooth Speaker +ā€”ā€” +Iā€™m not good at formatting, but I like the stock, I like the company. I like the deals and the fast shipping. +TLDR: buy, hold, SHOP +Do you need to be reminded what happens to whistleblowers, especially in the US? You think whistleblowers would get the 50 millions $ and live happily ever after? + +Julian Assange is rotting in the UK for disclosing crimes and murders of the US Army against civilians. With him, Chelsea Manning spent 7 years in a prison in the US for the same 'crime'. + +Edward Snowden is hiding in Russia for telling the world about the mass surveillance and the violations of our privacy. + +The journalist Daphne Caruana Galizia who led the Panama Papers investigation into corruption was killed in a car bomb. + + +The auditors behind LuxLeaks regarding government approved white tax avoidance schemes in Luxembourg were fired and condemned twice by the justice until 3 years later they were qualified as whistbelower and were finally let go. +And many more examples but even closer to us: + +Now DFV has to fucking hide and shut up while hedge funds are openly doing their shitshow, suing, threatening, mocking anyone in their way. + + +And you still wonder why there are no whistleblower? +Context: Lots of posts talking about who is the Final Boss + +Everyone beating around the bush - perhaps because they are too smart to mention The Final Boss by their names + +I'm too smooth brained to give a @##$ + +********************************************************************************************************** + +Step 1: All the power is with who controls the money supply + + +Step 2: For the world the US through PetroDollar controls the money supply + +Anyone who doesn't agree, gets wiped out + +See: Iran, Iraq, Syria, Venezuela, etc + +**************************************************************** + +Step 3: For the US, the Federal Reserve controls the money supply + + +****************************************************************** + +Step 4: Therefore, whoever controls the Federal Reserve controls the money supply + +******************************************************************************************************** + +Step 5: The Great Reveal + +The list of founding members of the Federal Reserve (initial members on the Board of the Federal Reserve) + +The MAIN POWER is wielded through the Fed Reserve. It is not run by elected officials + +No one even knows exactly who is the power behind the Fed Reserve + +This is who the founding members were -> + +https://imgur.com/a/teB889B + +thanks to https://old.reddit.com/user/Additional-Ad5055 for sharing this. Please give him karma + +**************************************************************************************** + +Details for Step 5 (The Great Reveal) + +Formation of Fed -> The two principal Rothschild representatives in New York, J. P. Morgan Co., and Kuhn, Loeb & Co. were the firms which set up the Jekyll Island Conference at which the Federal Reserve Act was drafted, who directed the subsequent successful campaign to have the plan enacted into law by Congress, and who purchased the controlling amounts of stock in the Federal Reserve Bank of New York in 1914. + +Screenshot -> https://imgur.com/a/teB889B + +List -> + +1) Nathan Rothschild + +https://en.wikipedia.org/wiki/Nathan_Mayer_Rothschild + +2) J Henry Schroeder + +https://en.wikipedia.org/wiki/Schroders + +3) Morgan Grenfell + +4) Brown Shipley + +5) Lord Airlie + +6) Kuhn Loeb + +Solomon Loeb + +https://en.wikipedia.org/wiki/Solomon_Loeb + +Nina Loeb + +Theresa Loeb + +7) Jacob Schiff + +Mortimer Schiff + +John Schiff + +8) Paul Warburg + +https://en.wikipedia.org/wiki/Paul_Warburg + +MM Warburg + +James P. Warburg + +9) Emanuel Lehman + +https://en.wikipedia.org/wiki/Emanuel_Lehman + +Phillip Lehman + +Herbert Lehman + +Robert Lehman + +Arthur Lehman + +10) National City Bank + +11) Chase National + +12) JP Morgan + +https://en.wikipedia.org/wiki/J._P._Morgan + +Montague Norman + + +13) Morgan Stanley + +14) Drexl Company + +15) Lehman Stern + +16) Thomas F Ryan + +17) Bank of Commerce + +18) Alex Brown & Sons + +19) Bank of England + +20) Lazard Bros + +https://en.wikipedia.org/wiki/Lazard + +21) Schroeder Bank + +22) BB Harriman + +23) Guaranty Company + +24) Lehman Bros + +25) Abraham Kuhn + +26) Federal Reserve NY + +27) Hannover Bank + +28) Morgan Paris + +*************************************************************** + +This information is from the 1976 House Banking Committee Staff Report -> Federal Reserve - A Study of Corporate and Bank Influence + +Here: https://fraser.stlouisfed.org/title/federal-reserve-directors-a-study-corporate-banking-influence-1058 + +If you prefer Scribd -> https://www.scribd.com/document/46627723/Federal-Reserve-Directors-A-Study-of-Corporate-and-Banking-Influence-Staff-Report-Committee-on-Banking-Currency-and-Housing-House-of-Representative + + +****************************************************** + +It has a TON of other gems such as + +1) Federal Reserve Bank of New York had + +David Rockefeller as a Class A Director + +******************************* + +Please do your own research + +************************************************************************** + +The Greatest Transfer of Wealth in History + +is not going to be Easy + +Because + +THAT WEALTH LIES WITH THE FINAL BOSS + +The Short Hedge Funds and Short Family Offices were growing The Wealth of The Final boss using these illegal shorting methods and Infinite Money Glitch + +They made their 20% cut of profits. However, the remaining 80% WENT TO SOMEONE ELSE + +Guess who? + +The Final Boss controls the Federal Reserve (the money printing press) and a lot of other things + +***************************************************************** +Just joined fatFIRE and I have to say, I am impressed. You all are killing it....I know it's bad to compare yourself to others but I think it's human nature. I thought I was doing well but coming here...not so sure. + +Did the majority of you come into wealth? All self made? Grow up wealthy? +I have great insurance, recently hit my deductible, and have the time/desire to do a full diagnosis of my health. + +Anyone here do a periodic ā€˜full examinationā€™ of their health? If so, what doctors do you see, and what tests do you have conducted? +I currently live in a MCOL area making 100k/yr salary. I have an offer for 150k with 40% bonus eligibility and company paid vehicle in Charlotte NC. + +Seems like a no brainer right? However, the health insurance is worse, the 401k is a huge step down (current company matches 100% of contributions up to 12%!!), no HSA opportunity, my current family and friends are local, and I would likely lose value on a home I just bought 10 months ago and all that sweet current company match as I am not yet vested. + +So my question to you is, what process do you use evaluating offers? What factors do you consider when making a potential major move toward a FatFIRE lifestyle? +I'm not asking for a projection (guessing), and hope to invite some real experience. + +It would be welcome if you can share the age (range) and a ballpark figure of NW to help the reader, but it's optional. Any surprise is welcome, good or bad. + +What surprised you the most in the first 1-2 years of FatFire Journey (after you pulled the trigger)? +Throwaway for anonymity. + +I've been working for the family manufacturing business for \~10 years now. Company went through a rough patch with my father's messy divorce and covid and revenue and profit severely dipped (\~$12M, break even). In the last two years, my father has dialed back his time and handed me the reins. In that time, we've expanded some product lines and offerings and now revenue and profitability is back (\~$18M, 3M+ profit). + +Our industry directly benefits from the federal infrastructure bill and we are projecting 5 years of continued growth. Next year with our current backlog we are expecting revenue of \~$22M-25M+ and in the coming next 2-3 years there are some very substantial projects that have the ability to take us to \~$30M-40M+. I have very real concerns that when the infrastructure spending stops, we could shrink back down in revenue. + +I see this growth over the next 5 years as a perfect time to exit at the peak. In my head, I would want to show a potential buyer 3 years of growth and profitability and a great backlog. Which would mean a sale after the end of 2024 year end close. If there was an earn out period, we would then have 2 project years of good sales/growth before the feared projected shrinking. + +Questions: + +* Am I looking at this right? +* My hope for the sale would be greater than a 6x EBITDA (> \~30M assuming \~5M in profitability) is this realistic for a manufacturing company with patented IP selling in the municipal market? +* When and who should we approach for helping us for such a deal? I've seen lots of talk on this sub recently about Investment Bankers/Lawyers/etc and this deal seems on the small side. I would like to show 3 years of great earnings, so I assume midway through 2024 makes sense, but that might not be enough time to put together a deal. +* Lastly, my father has it in his head that a great exit might be taking the company public. Getting a high P/E ratio, then being acquired. I am extremely against this and think the cost/risk/stress/reward is not worth it or feasible for a small company like ours. Is that a good take on the situation? + +Would appreciate any thoughts on this exit planning. +Hi /r/Bitcoin! Thank you for reading this. + +I felt the world of digital currencies is a bit too uncertain, so I want to do what I can to create more confidence and certainty! Please let me know if you have any questions or comments (I'll probably respond to every comment here!) + +> [**Check out our first comprehensive article on the Coinbase / Gemini 1099-K**](https://www.cointaxes.com/1099) + +> **Some "fun" facts you may not know about digital currency taxes** + +Here's two quick "fun" facts you may not know. We will be posting in-depth articles on these, too. [Consider subscribing to our newsletter to hear first when they've been published!](https://cointaxes.us17.list-manage.com/subscribe?u=ffa9bb9a681d0dcb59dcbf2cb&id=06ed9ffdd3) + +* **Non-deductible personal loss:** You should never exchange your digital currency directly for ANY goods or services. If you happen to have a loss on that trade, it will be non-deductable as capital gains losses ONLY apply to "investment" not "personal use" activity. You can read more about this on [Forbes](https://www.forbes.com/sites/greatspeculations/2018/01/03/what-you-should-know-about-taxation-of-cryptocurrencies/#523290821346), [Time](http://time.com/money/5007068/theres-a-huge-hidden-bitcoin-tax-that-you-need-to-know-about/) and the [IRS website](https://www.irs.gov/taxtopics/tc409). + +* **FBAR requirements:** This isn't explicitly tax related, actually, but a LOT of my US friends do not know about this important filing. If you *ever* on a single day, even, held $10,000 USD worth of value overseas (Binance, for example), you must meet your FBAR online filing requirements. The penalties can be severe for failure to disclose. The deadline is April 15, but it will be extended to October 15 if you fail to file on time. You can read more about this on official government sites [General FBAR information](https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-accounts-fbar), [FBAR FAQS (not super helpful IMO)](https://bsaefiling.fincen.treas.gov/docs/FBAR_EFILING_FAQ.pdf) and the [online form itself](https://bsaefiling1.fincen.treas.gov/lc/content/xfaforms/profiles/htmldefault.html). + +> **About Cointaxes** + +Cointaxes was formed and funded with the mission to establish confidence and certainty around cryptocurrency. + +We see global adoption of digital currencies as an inevitability. The uncertainty lies in how effectively and smoothly this once-in-a-lifetime shift occurs. As a tax preparation service, we have a special seat in the cryptocurrency ecosystem directly related to this uncertainty: it is our job to help both citizens and governments around the world understand how to use and treat digital currencies. + +* We will regularly invite regulators, lawyers and tax experts to private discussions and public webinars to ensure you will have a firm understanding with each regulatory shift as the world adopts cryptocurrencies. + +* We will conduct proprietary research and publish Cointaxes Guides to answer questions you may have about using your digital currency. + +* We will provide [high quality cryptocurrency tax preparation software](http://www.cointaxes.com) for individuals and tax professionals. + +> **If our mission excites you** + +* Please know that we are hiring. Contact jobs@cointaxes.com with a resume and cover letter. + +* If you're are regulator or a crypto-experienced legal or tax professional, please contact experts@cointaxes.com with some background information and reason for connecting. + +* Please consider following us on [Twitter](https://twitter.com/cointaxes) and liking our [Facebook page](https://www.facebook.com/cointaxes/)! + +> **Disclaimers** + +Important Disclaimers: This is NOT tax advice and should NOT be relied upon for making any tax decisions. We always recommend speaking to a tax professional before making decisions related to your taxes and our guides are not a substitute for tax advice. While I have assembled and provided this information to the best of its knowledge, I make no representations or warranties as to the accuracy or timeliness of the information contained herein. You can read the [full disclaimers here.](https://www.cointaxes.com/disclaimers) +Beginning debt: $9,700 + +Remaining debt: $4,730 + +Total paid: $4,970! + +I am so proud of myself. It's been a struggle to learn how to budget and stop relying on credit cards. It's been a struggle to pay down my debt. But I have a renewed motivation to continue kicking debts butt now, after seeing all the progress I've made! +Preface from me u/weenythebooty: +Iā€™m reposting this for visibility because I think it provides some important insight that hasnā€™t been discussed for a while. For whatever reason I couldnā€™t crosspost this. Beyond this, Iā€™m going to leave the post as it was originally. + +Disclaimer: These are not my original ideas or words. The views represented here are not mine, rather those I thought important to discuss. + +Weeny edit: keep in mind this information is retroactive to ~40 days ago so when itā€™s saying ā€œthis Fridayā€ itā€™s Friday from several weeks ago. That said, the June 21 date hasnā€™t changed and thatā€™s why I wanted this reposted - because itā€™s judgement day is upon us. + +Another Weeny edit: I removed the references to previous days because it was confusing people. + +801 and NSCC-002 + +CREDIT TO u/FATJUUL FOR STRUCTURE AND INFO + +I haven't seen as much talk about this, yet it is the biggest news to come and IT IS the endgame catalyst. + +NSCC-801 Passed with no objections. For this rule to enter effect it needs to piggyback on NSCC-002, which if no objections are made again, will be passed June 21. Let me remind you just how powerful 801 really is... + +Once 801 enters effect, all hedgefunds holding short positions will be monitored Every. Single. Minute. They will have to report EVERY SINGLE MINUTE their value in short positions versus their actual money on hand. If they fail to report or their short position value crosses the threshold where it is higher than their money on hand, it is an immediate warning to deposit the funds needed to cover within ONE HOUR. Failure to do so leads to the NSCC immediately overriding operations and liquidating the hedge funds entirely, one after another until all that is left is the trillions in insurance. + +This is bigger than anything, This is so big, that this rule will prevent a squeeze even a fraction of this magnitude from happening ever again. It is that powerful, and with its implementation of this stage of the game... good lord. + +If NSCC-002 passes we have officially entered the squeeze. Hedgefunds will be on a leash that gets tighter the more they pull. Starting in after hours, they will be under so much pressure and restriction that one of two outcomes occur: + +1.) Their ability to short will be at such a minimum that our buying power will just break through sell walls and the price will just continue to rise and rise until they can no longer afford to suffer the loss and margin comes a calling, or. + +2.) There will be strong final blows of sell off aggression and shorting, literally out of pure ignorance and recklessness which will activate NSCC-801, and thus the great fall of the hedgies via margin call. + +Remember they passed the rule that changed reporting from once a month to anytime for any reason. They can be spot audit unlimited times and for them to run under the radar will require their books to be radioactive. + +I threw this up to let everyone know what is up with the end game posts and the severity of the situation. Nobody knows OP. It's not about OP. It's about digesting the information here. +Today was a great day for my portfolio thanks to SOXL being up 10.5%. This is one of the ones that goes up and down hard, usually more up. If you aren't aware its a 3x semiconductor ETF. + +* SPY: +0.15% +* QQQ: +0.58% +* DIA: +0.15% + +**Notable Recent Picks:** + +* **$MVIS +30%** +* **$SPCE +13.4%** +* **$MU +5.4%** + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +My portfolio is up 4%, or $29,000. I'm getting closer to the $1 million. + +https://preview.redd.it/isgmk3a17yg61.png?width=573&format=png&auto=webp&s=0421b2b8a9d3e00db31307bf6f8791fa3a547d74 + + Positions filled: + +https://preview.redd.it/z8iqseh27yg61.png?width=1018&format=png&auto=webp&s=bb02a627c22f5425397628b3b8814b598631bac9 + +Positions Cancelled: + +https://preview.redd.it/stkidpe37yg61.png?width=1017&format=png&auto=webp&s=9d151d8b0ab170d48dfef019668bcbf55f658162 + + Current Open and Closed Options: + +https://preview.redd.it/ezdczso57yg61.png?width=901&format=png&auto=webp&s=b27a6f4d563ed377218454539d27ed23512a9965 + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Adding to Watchlist:** + +**$ZOM:** Zomedica Corp is a development stage veterinary diagnostic and pharmaceutical company. The company's first product - TRUFORMA - is an innovative diagnostic tool that is scheduled for commercial launch on March 31, 2021. $ZOM has garnered a decent amount of attention lately, and I get a lot of people asking me about it. There is not much TA I can perform on this one as it is up to much to make sense of anything. If it pulls back to more interesting buying levels, I might take a positions in it. Alternatively, I'd suggest dollar cost averaging into this starting at $2 and down to $1.5 as there are two gaps to be filled. I wouldn't force this one, although high risk is high reward. + +* Target Price: $4 +* Entry: <$2 +* Risk: 4 +* Timeframe: 1-2 months + +https://preview.redd.it/am0ru1j77yg61.png?width=1018&format=png&auto=webp&s=144bcf9018e9ffaaa3cb77a4b9951bf2b4f53056 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Notable Mentions:** + +**$LAC:** Lithium Americas Corp is a lithium mining company that has a mine in NW Nevada. Considering there is most likely going to be a shortage of batteries since the Administration has barred South Korean giant SK Innovation from importing batteries. This might be lifted, however there is no reason to assume that domestic production of batteries will slow down. Biden has made a push to EVs a cornerstone of his term so far. I had put this on my watchlist a couple weeks ago, but today I picked up some calls. + +* Target Price: $30 +* Entry: <$21 +* Risk: 3 +* Timeframe: 2-4 months + +https://preview.redd.it/0js4ugm97yg61.png?width=1018&format=png&auto=webp&s=a6de02ca7e499966862d7b8720c21ca91cd982bf + + + +$**SOLO**: This Canadian EV maker is down to $8. I like selling covered calls with this one. + +$**THCX**: This Cannabis ETF is down 20% today, and could provide a good opportunity to start dollar cost averaging into a position. + +$**DKNG**: Draftkings is in my buy zone currently. Check out my other write ups for more info. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Note: Risk (1 out of 5) is my opinion of how risky the stock and these plays are; 1 being the lowest and 5 is the highest. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Disclaimer: The comments opinions and analysis expressed herein are for informational and educational purpose only and should not be considered as individual advice or recommendations. +Its possible that GME could get their first positive earnings in 2 quarters from now with (1) decreasing SG&A like last quarter by closing some european stores that are cash flow negative, (2) by getting priority in consoles inventory from Sony and Microsoft (which already has) and (3) with fully operational NFT marketplace ontop of a start of crypto bullrun + +Icahn said he is targeting a long position but cant disclose in which company until after the earnings report after beeing seen with RC in the photo just weeks before. + +RC has a lot of money from BBBY and AAPL sold position and still a long way to his 20% ceiling in GME + +GME has 100 million available for share buyback + +In 2 quarters retail will lock 32M extra shares minimum to a total of 120M leaving 34M left for RC Icahn and GME buyback. Retail locked 15 million in 2 quarters, 20 million in another and 17 million on this one. So 16 million\*2 isnt far fetched. + +34M shares is just a billion in capital at $30 which is peanuts for those 2 billionaires together with GME 100 million + +Tell me what you think +TL;DR: Learn from your mistakes. Donā€™t give up. + +I started investing in 2017. I was proud of myself after going from $5000 to $6000 then I started taking huge risks on penny stocks, adding more money to my account, and soon found myself down huge. I walked away when I was down $5000. I came back a year ago with a new outlook. I recognized I had been making the same mistakes over and over and there were the big lessons I had to learn: + +- be skeptical of a company youā€™ve never heard of; stay away completely until doing lots of research. +- hold good-performing stocks for a long time +- gains are gains; it doesnā€™t have to be sexy. As the adage goes, some of the most boring investments are the best investments. +- read the news (world news, national news, etc.) +- make a plan and stick to it unless you learn information that gives you evidence that your plan is worth changing. +- take advantage of the worst stock market crash ever (LOL) + +Iā€™m not an expert, I just wanted to share my story and offer hope to people who are newer investors who are losing lots of money...take a break, refocus, and come back when the time is right for you. + +[Pics of my 1-year performance and my overall performance](https://imgur.com/a/616Fm5D) +Pumptober has been a beautiful sight to see. Coins pumping left right and centre thanks to Big Daddy Bitcoin making a new ATH! + +Itā€™s very easy to feel the fear of missing out (FOMO) when you see astronomical gains across the charts. Itā€™s risky to chase a pump but sometimes we do it just for the thrill of it - and thatā€™s okayā€¦as long as the money we are investing is something we can actually afford to lose! + +When I say ā€œloseā€ I mean literally turning your $100 into $0. + +Crypto is a ridiculously volatile market and although itā€™s not uncommon to see 10x or even bigger gains, itā€™s even more common to see people lose all or a large chunk of their money. **Cough** Suid Game **Cough** + +I see it a lot in the daily, people taking loans out or over-investing their savings into a project ā€” this is a huge risk because nobody knows whatā€™s around the corner. + +I honestly couldnā€™t care less what coin you want to invest in, or even whether youā€™re going to do research first or not - but if youā€™re going to be investing, make sure your bills are paid; thereā€™s food in the fridge; and that even after youā€™ve deposited in, that thereā€™s still fiat aside for random emergencies. + +**Anything** can happen. Be prepared! +A word of caution from someone who has been through several cycles. + +When in a Bull market like the one we are in now you almost canā€™t go wrong! Take Doge for example. The danger is that it gives over confidence and many start to FOMO in money they cannot afford to lose. + +So try and remember a couple of key rules that could save you a lot of money: + +- Donā€™t invest money you canā€™t afford to lose. +- Donā€™t invest money you might need in the short term. Anyone who held its Bitcoin through the drops at this point is in profit. +- Certainly do not borrow to invest +- If you are late to the party consider Dollar Cost Averaging (google it) +- At some point BTC is going to create an ultimate ATH for this market cycle and then correct back down by 70 to 80%. Other cryptoā€™s will drop even more. +- Yes it will correct back down a very big percentage. Usually 80% (look at previous cycles) It could be triggered by a stock market correction when there are no more stimulus checks. Stock market is already dangerously over priced. (Google Stock market cap Vs GDP). +- You can ā€œDodgeā€ that correction by progressively taking profits each time BTC creates and new ATH. You want to have cash when the big correction comes. +- Re invest your profits when we are again in an accumulation zone (after the 80% drop) +- Those cycle take years, be patient. + +This is not financial advise. Good luck with your investments! +I finally got a job which means that it is no longer just my partner supporting both of us. I earn about 40% more than my SO, and while he suggests that we split rent, bills, taxes etc 50-50, I don't really know if that's the fairest given how I will be earning more.Ā  + + +We've decided to have pots for monthly recurring costs like rent and bills, slightlyĀ variable costs like groceries and other household stuff, a common saving pot for say a car or a house, and our personal savings. However, I am still not sure how we split what each of us contribute. + +So couples of reddit who live with theirĀ SO, what is your advice? How do you do it?Ā  +Backstory, lived in an apartment for 3 years. Had some financial trouble while living there but in the end fixed them and moved to be way closer to the higher paying job and was right with money the last few months. The apartment complex was bought/sold 4 times while I lived there. The last company bought the property about 2 months before moving out. My GF and I were in the market to move but was not sure it would happen, so we were planning to stay when a last minute place opened up and we were able to move at least an hour traffic wise, closer to my job. We moved about 1.5 months before the lease was up. The entire time I was calling the office and no one was answering. They took the website down, never provided information on how to reach the new owners and closed the main office for construction for a while. So we moved and I kept trying to give them notice of moving. I had turned in Keys and everything before the lease date was up with my Apartment number on it. + +2 years goes by and not a call or email from the company that had my number and email on file. I get an email one day from Hunter Warfield stating I was in debt collection for 665 dollars to this previous company. I, of course, asked them to provide me information on this debt and they sent me a court case from a year prior collecting on me and evicting me. (GF wasn't on the lease). So I told them I am not aware that I was any part of this and that I would not be accepting this as a legit debt. However, in time, it has been put on my credit report. I have reported it to Transunion and Equifax but it has come back. + +It really isn't a lot of money in the long run and I would love to pay it as we are in the situation of looking to buy a house, but its almost not about the money. It is more about the eviction. I am willing to pay if the eviction can be taken off my record as that will look bad for future rentals or buying a house. Especially over what is less than a months rent. I payed the entirety of the lasts months rent before leaving and never even looked to get my deposit back as it was a special price and figure they would use it anyways without giving it back. + +I was wondering if anyone has been in this position before and maybe some advice on how I should handle this. I am capable of paying it off but I am more worried about the eviction. I am sure I could hire a lawyer to fight this but, I am sure it would cost way more to go that route. + +TLDR; Moved out of apartment last minute. No contact for 2 years. Get debt collection and eviction from apartment complex. What do I do? + +EDIT: I am tracking down the case and bringing it to a lawyer. Thank you for all the helpful people. +Most of the experienced traders Iā€™ve learned from have said that it takes at least a year or two (if not more) to reach consistent profitability. One in particular (Day Trading Addict on YouTube) said it took him eight. I know many of us canā€™t imagine it taking that long, but at what point can we honestly decide ā€œthis isnā€™t something I should be doingā€? What are the signs that we need to look out for? + +Iā€™m in year two, and Iā€™ve been pretty open about my struggles, which run far deeper than strategy and sizing (wonā€™t get into all the details again). Iā€™m not considering walking away permanently any time soon, but I also know that this isnā€™t a profession that everyone can make it in. Factors beyond the market can make it impossible to find consistency for many people who try it. +The thread about kids not realizing they were poor made me think. As an adult, my wife helped me realize how poor my family was for my growing-up years. There are some things we ate frequently that may have been different. My wife grew up in a wealthy family, and never longed for anything. + +Some things we did regularly for dinner, that my wife would call 'unusual': + +Tuna Fish casserole (tuna can, cream of mushroom, egg noodles) with crushed potato chips sprinkled on top + +Braunschweiger (liver sausage) spread on french bread + +Shepherd's Pie + +Oatmeal at dinnertime + +"Burritos!" - Ground beef, refried beans and tortillas. + +Kipper snacks and saltine crackers + +Pancakes/Waffles + +Baked potatoes with butter, salt/pepper + +...and I love these things! I didn't know this wasn't what people normally ate for dinner. Was there anything unusual that you love? +Changing it up a bit from the traditional "investment" discussion. What is everyone donating to? What do you wish you were donating to? What's stopping you from donating? + +Mods can remove this if viewed as off topic. +Sorry that this is so regionally specific but hopefully will resonate with a few folks - don't really have anywhere else I can ask this. + + +I'm struggling with reconciling a popular advice in SF Bay housing market to buy your forever home as soon as possible.Ā  The advice as I understand is to stretch as much as possible to buy something in a good area to stay put forever and add / modify as needed. This locks in your property taxes and mortgage cost assuming the housing prices keep going up. Housing prices have kept increasing in the past but past performance does not guarantee future... + + +However, as our incomes have changed over time, I find that it's a lot easier to sell or rent what I thought was our forever home and upgrade to something turn key in an even better area. Fundamentally, my definition of a "forever" home has changed as our financial situation has changed. There is always a nicer house out there - nicer being the catch all for area, size and the house itself. + + +I'm curious to tap the hive mind here to understand if you observed similar dissonance in the popular advice and your situation. + + +The genesis of this question is because I recently upgraded to a slightly better location and house than where we were and am already thinking I should have stretched much further just a few months after moving.Ā  Does this feeling ever stop? + + +For context, we make ~900k with a NW of ~5M. Late and mid 30s couple with a 6MO baby. +In the last year I went from NW $170k to $1M. ([previous post](https://www.reddit.com/r/leanfire/comments/7n8kfb/im_35_net_worth_170k_and_im_three_years_into_a/)) I just started reading fatFIRE and guess I belong here now? + +I had a very strong 2018 with work and received inheritance. Work: (Day) tech industry, (night) media, entertainment. + +**Current situation** + +*Personal:* +My house HCOL: $220k equity on $860k valuation. +401k: $65k +Emergency: $20k cash +Checking: $4k + +*Trust: (organized as asset protection trust)* +Rental property 1xSFH: $44k equity on $169k valuation, it nets $330-500 monthly. +Inheritance: $270k cash +Company stock: $60k +Corp 1: $233k cash, $60k +Corp 2: $44k cash +SEP IRA: $70k + +I have a financial advisor. Our plan: +1. Make distributions from my S-corps into personal investments accounts. +2. Invest inheritance in funds. (slowly) +3. Fun /alternative investments: Invest $50k in a private real estate fund not REIT (6% preferred return), $25k in a private fund based on downside-protection. + +This year I hope to start a family and may need to upgrade primary residence. + +We think we need $120,000 per year to live well here. I have no idea where to start. But I would like to eventually lose the W2 day job and do what I love, the entertainment side. + +Income right now is W2 $100k, stock options, Corps make $500k-ish. I max out 401k and SEP IRA. + +Any thoughts or feedback greatly appreciated. + +Edit: 401k - $65k not $65 +Pretty straightforward. What do you like about your spreadsheet, or what have you done most recently to improve it? + +My SS has been pretty basic I'd guess for a while. I manually imput numbers on a generally quarterly basis. I've also input my target spending so it gives me FI and FIRE dates based on that. + +This is just aesthics, but recently I've added in conditional formatting to fade all rows in the past, highlight in yellow the current month, and also highlight incremental $1MM milestones. + +I want to look into automating balance pulls wherever possible, but that's a project for another time. + +So what do you like/what have you done recently? + + +One way we can promote cryptocurrency is through the people in the adult industry. All the people who ask you to donate to their page - Ask them if they take crypto. If you want you can even help them set it up. There are crypto friendly sites they can use like Onlycoins or Naftyfans. Think of the size of that industry. If they all opened wallets weā€™d have global adoption tomorrow. + +So if you want to help message your favorite content creators and offer your services to them. + +{posting for a friend} +So my wife and I just inherited a 400-500 thousand dollar property from her Grandfather. We were not expecting this and neither was her family. In a perfect world we would sell our current house, add the profit to our retirement fund/college funds for our kids and move into her grandpa's house. My wife's parents were anticipating to live in this property after he passed and asked us to give it to them. I know this is unreasonable and I'm not planning on doing this but I don't want to completely ruin our fairly good relationship with them. + +We don't need this money right now, but we don't want to just completely give it up. I had an idea to lease the property to them for 1$ a year until their death, and write up a contract stating they are responsible for taxes, utilities, insurance, and upkeep. My wife and I are both ok with this compromise; her parents would have a place to live and we wouldn't have to split her inheritance with her siblings upon her parents death. I'd like to get advice as to whether this is possible, whether or not we're missing anything, or there's another idea out there that would get us a similar result. +TA tries to capture market psychology and sentiment by analyzing price trends and chart patterns for possible trading opportunities, but it's misguided and lacks a theoretical basis. + +When put to scientific tests it doesn't hold up against empirical evidence. Analysts consistently looking at different indicators and hedge their analysis. Often going BACK to data and drawing lines saying LOOK LOOK it broke the barrier line trend hill thing! SEE! + +Listen - if this stuff actually worked - we would have giant AI computers dedicated to learning how to do it - oh that's right we do - and you know what happens when we plug them in to the system? The system figures it out and reacts differently. The global mood changes on a dime and all TA goes out the door with it. + +**tldr; IT IS NOT OBJECTIVE.** + +Let me be clear, there ARE definite patterns within the stock market, and if they are recognized they can be successfully traded upon, but analyst cannot separate themselves from their beliefs and pre-dispositions, they selectively, and possibly sub-consciously, choose charts and TA indicators that confirm what they have already concluded. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# šŸŸ£ [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# šŸ“ā€ā˜ ļø [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! + +# šŸ™‹ ā€‹[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/) + +# šŸ“š Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this tradeā€“ then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I used to carry mail and the postal service has been showing signs of trying to trainwreck their own business for a long time. + +Lo and behold: + +https://www.reddit.com/r/Superstonk/comments/tz2k7r/bcg_and_the_united_states_postal_service/ /u/pmmewifenudesucuck nice find + + +https://about.usps.com/future-postal-service/bcg-detailedpresentation.pdf + +https://about.usps.com/strategic-planning/cs10/CSPO_12_2010_FINAL_005.htm + +This says they're also involved in the postal service of other nations too: https://www.workers.org/2013/08/10387/amp/ + +https://www.savethepostoffice.com/postal-service-unrolls-its-five-year-plan/?amp=1 + +https://www.washingtonpost.com/news/wonk/wp/2013/11/11/at-this-point-amazon-really-might-as-well-just-buy-the-postal-service/ + +https://www.nextgov.com/it-modernization/2010/03/technology-the-problem-and-solution-for-postal-services-238-billion-shortfall/46105/ + +https://govmatters.tv/united-states-postal-service-hiring-effort-reflects-countrys-labor-shortage/ + +Edit: /u/longjumping_college found the connection the other day too https://www.reddit.com/r/Superstonk/comments/tz75kr/bcg_is_responsible_for_privatizing_post_office/ +I know. You just buy and forget it. Yes. I know. And yet I am that dumb. + +I had been holding AAPL for long. Years. It felt like it has run up too much and is definitely going to reverse from 165. Sold a call option. Got called. Ended up selling the stock. I was just so convinced that this 28 multiple with 2% revenue growth was going to reverse. Especially if they increase the price on iphones, how can you justify spending so much when its going to be a recession. Just felt way overbought. Every hedge fund is feeling the recession fear in 2023 and wants to hide some place and I think that is what is driving this crazy multiple right now. Plus the AAPL event coming up in early september. + +And today it got upgraded and 2 bucks away from where it started the year. + +You cant believe the kind of FOMO I am feeling right now to just go and buy it. But I am resisting. + +So, yes, I made that cardinal mistake. Bring on your, you are so stupid comments. I deserve it. + +But along with it, if you have gone through this, share your experience and suggest a few constructive next steps. I do want to own AAPL in my portfolio in future. May be I can do something with this money in mean time, till I find an entry point in AAPL. +Hi guys, + +So, I'm a student on Youth Allowance who runs a recently successful YouTube channel. At first, I was making <$600/mo but this has rapidly grown into the $2000-3000 a month territory. My total earnings in the ~12 months since I started the channel have equated to ~$16000. The monthly sum is variable, and it's likely I'd still be eligible for Centrelink payments during the low months. + +The problem is, I haven't declared this to Centrelink or the ATO, since I really didn't expect to grow like this. Going forward, how should I proceed? Should I report my income to Centrelink/the ATO directly, or is registering an ABN and reporting my net profits a better way to get in the clear? + +Does anyone have experience operating as a sole trader while receiving Centrelink payments? Would I only report net profit as income received to Centrelink? What's the best way to minimise the amount of tax I will pay? + +Thanks! +Forgetting about predictions on the economy and real estate prices for now, my question is in regards to what portion of my first home purchase should come from a deposit and what portion should come from a loan. I will use the following hypothetical scenario. + +Let's say that the house costs $500,000 and I have $130,000 saved up for a deposit. + +I easily have a deposit of 20% available. + +Should I use a deposit of $100,000 or should I be make a larger deposit? + +The reasons I am wondering this are: + +\- The more I put down on a deposit the smaller my emergency fund is afterwards. + +\- If I borrow more and then use an offset account, isn't the interest payable essentially the same but as a bonus I still have access to cash? + +&#x200B; + +I am also wondering if once I am set up with a home loan and offset if I should keep building the offset up with any future income, or if it is better to have maybe enough for an emergency fund and then use anything else to invest elsewhere. + +Thanks for your advice. +I went to the local mall today and it was very busy and it got me thinking. With interest rates still to rise and people still spending money. +What does it look like on the ground just before a recession is declared? +Will the malls still be busy? +People still spending like mad? + +*I believe we aren't too far off a recession in the next 12 months. +With all the covid changes of working iā€™m considering (like so many others it seems) to move out of the city to hopefully work on kind of a fifo schedule. Itā€™s an office job but currently wfh works. + +The idea is to fly in for 2-3 days every other week and wfh the rest. + +Iā€™ll habe to pay for flights and accommodation and my question is, if that will be considered travel for work and hence be deductible, or if there is a rule when it crosses the line to be commuting? + +Thanks for any thoughts and experiences! +So apparently an old employer of mine setup a 401k for me with Fidelity that I didn't know about. Not only, they also put the wrong birthday. So every time I tried to setup a brokerage account, it said I was entering the wrong credentials. + +I called Fidelity and they told me I was going to have to submit a paper application to correct the incorrect birthday. I said I'll do that, but I'll probably try to find someone else, because I'm trying to get my assets out of my Robin Hood account. He asked to put me on hold to see if there was something he could do in the back office. He put me on with someone with the 401k department (he stayed on the line while I talked to her). In the end, she told me I was going to have to do a paper application too. He thanked her for her help and told me to stay on the line so he could see if he could try something else. Best fucking customer service. He helped walk me through creating an account, changed my birthday, and walked me through get a transfer set up for my assets at Robin Hood. The customer service is such a refresher from the nightmare we've had to deal with with Robin Hood. + +I love capitalism. The power of competition. Fuck Robin Hood. + +Edit: Anyone know how to fill out a customer service survey? I got the guy's name and want to let Fidelity know how impressed I was with him. +Total value: $369,509.20 + +Overall change: $80,832.29 (28.00 %) + +If there's enough interest, I'll post the specific stocks mentioned as well as their buy/current prices as well as how it's done. + +I was pleasantly surprised that /r/investing seemed to have a good idea on stocks during that week(end of Nov into early december). + +Nothing fancy, just an interesting look at how some of the "I have a good feeling about X" have done over the course of just shy of 1 year. + +Edit: I will update with details later this evening. Bear with me, as formatting can be a PITA. Also keep in mind I may have missed some discussed mainly during "off hours". These were generally hyped by a few people, versus every single "I LIKE THIS STOCK EVEN IF NO ONE ELSE DOES" posts. + +Edit 2: Here are the main ones that came up during that week: + +Stock Shares Purchase Price Current Price Total Value Total Gain/Loss + + PHILIP MORRIS 110 $89.73 $82.95 $9,124.50 -$746.17 (-7.56 %) + + BRITISH AMERICAN TOBACCO 100 $105.01 $101.19 $10,119.00 -$381.99 (-3.64 %) + + FIRST SOLAR INC 375 $27.21 $36.92 $13,845.00 $3,639.45 (35.66 %) + + SEAGATE TECHNOLOGY 375 $25.39 $38.87 $14,576.25 $5,055.00 (53.09 %) + + ARCADIA RESOURCES 1649 $0.00 $0.00 $2.14 $0.42 (24.34 %) + + BP 250 $41.48 $42.12 $10,530.00 $160.00 (1.54 %) + + LENOVO GROUP 525 $18.75 $19.19 $10,074.75 $231.00 (2.35 %) + + UNITED PARCEL SERVICE 125 $73.62 $85.64 $10,705.00 $1,502.50 (16.33 % +) + FEDEX 115 $90.38 $108.50 $12,477.50 $2,083.81 (20.05 %) + + GYRODYNE CO OF AMERICA 95 $110.84 $70.65 $6,711.75 -$3,818.04 (-36.26 %) + + AT&T 300 $33.99 $33.58 $10,074.00 -$121.50 (-1.19 %) + + COMCAST 275 $36.76 $41.92 $11,528.00 $1,419.00 (14.04 %) + + VERIZON COMMUNICATIONS 225 $43.67 $46.56 $10,476.00 $650.25 (6.62 %) + + TIME WARNER CABLE 105 $93.62 $108.03 $11,343.15 $1,513.05 (15.39 %) + + BLACKBERRY LIMITED COMMON STOC 850 $11.93 $10.30 $8,755.85 -$1,384.65 (-13.65 %) + + PITNEY BOWES 950 $11.17 $16.85 $16,007.50 $5,396.00 (50.85 %) + + ACADIA PHARMACEUTICALS 1900 $5.39 $20.11 $38,209.00 $27,965.15 (272.99 %) + + MERRIMACK PHARMACEUTICALS 1450 $6.98 $3.33 $4,828.50 -$5,292.50 (-52.29 %) + + ACELRX PHARMACEUTICALS 2150 $4.73 $10.17 $21,865.50 $11,696.00 (115.01 %) + + ARENA PHARMACEUTICALS 1100 $9.07 $6.69 $7,359.00 -$2,612.50 (-26.20 %) + + VIVUS 900 $11.49 $12.38 $11,142.00 $801.00 (7.75 %) + + OREXIGEN THERAPEUTICS 2075 $4.78 $6.83 $14,172.25 $4,264.13 (43.04 %) + + MANNKIND 5000 $2.12 $5.80 $28,975.00 $18,400.00 (174.00 %) + + SUNSHINE HEART 1500 $6.71 $11.66 $17,490.00 $7,425.00 (73.77 %) + + SAREPTA THERAPEUTICS; INC. COM 350 $30.10 $34.64 $12,124.00 $1,589.00 (15.08 %) + + OXIGENE; INC. COMMON STOCK 1116 $5.04 $2.39 $2,667.24 -$2,956.08 (-52.57 %) + + DYNAVAX TECHNOLOGIES 3500 $2.88 $1.26 $4,410.00 -$5,670.35 (-56.25 %) + + NEURALSTEM 8000 $1.22 $1.62 $12,960.00 $3,200.00 (32.79 %) + + EXELIXIS 1950 $5.18 $5.03 $9,798.75 -$302.25 (-2.99 %) + + CELLCEUTIX CORPORATION 8500 $1.18 $1.91 $16,235.00 $6,205.00 (61.86 %) + +Yes it's a small sample size, and no it didn't include TSLA. This was almost a year ago, and either TSLA wasn't getting hyped, or it was getting hyped at some point other than that short interval. + +**Edit 3: Since formatting sucks, here's an upload to Google Docs of the Excel Spreadsheet:** + +[HERE](https://docs.google.com/file/d/0B1sWko_y1rq1MW9aUTJnWFpLdVU/edit?usp=sharing) +Hi, +I'm in this position where I have 24/7 free and money isn't an issue. I really want to try and make algotrading work.. I have spent a week trying to day trade about a year ago.. nothing serious. I can code and I have also tried copytrading some algorithms. But I'm not a trader.. I wanna try it tho and make it a serious thing, hoping I might do well. Any tips before I launch myself into this ? trading, coding, ever tried machine learning ? etc.. + +reason why algo is because I might wanna have more strategies running pasivelly and I don't wanna be a slave to each and every strategy all the time.. imma be monitoring tho sure.. just not really into the looking at charts 14 hours a day like an idiot waiting for a triangle to show up. backtesting and rules that my emotions wont break sounds more the thing for me. +I have a strategy that work well on BTC when back-tested but loses money on ETH. + +And another that works great with ETH but loses money on BTC. Are they overfitted? +I'm nearly done with building a script in python using the API to buy and sell UPRO and SPXU on the regular under very certain conditions. One of those conditions involves selling a target ETF and immediately buying the opposite. + +I added a 5 second delay to the purchase to see if it buys UPRO with the most up-to-date buying power but the transaction is not returning an error but is not going through neither. + +So I made a debug test by making it purchase $1 of META, which it successfully did and is showing on Robinhood but not UPRO. The thing is it can sell SPXU but it can't seem to buy UPRO for some reason. + +Here's the part of the code in Python that is giving me trouble: + + # Interesting to note that this piece of code purchases META: + + """print('DEBUG: Buying Power:', buyingPower) + r.orders.order_buy_fractional_by_price('META', (float(buyingPower)-float(buyingPower))+1, timeInForce='gfd', extendedHours=True) + print('Test Order Placed for META. Purchased $1 worth of shares')""" + + + # But this piece of code doesn't purchase UPRO: + + + pattern = PDT() + time.sleep(60) + marketValue = r.profiles.load_portfolio_profile(info='equity') + + # marketValue = 25000 + + if float(marketValue) >= 25000: + pattern = 0 + if pattern < 2: + if PDTLock is True: + PDTLock = False + print('PDT Unlocked') + if float(getETFPercentage(linkSPXU)) < float(getETFPercentage(linkUPRO)): + print("SPXU is Down, monitoring for 25 minutes.", getETFPercentage(linkSPXU)) + time.sleep(60 * 5) + checkpoint = float(getETFPercentage(linkSPXU)) + print('SPXU Checkpoint:', checkpoint) + time.sleep(60 * 20) + if '-' in str(getETFPercentage(linkSPXU)) and float(getETFPercentage(linkSPXU)) < checkpoint: + print("SPXU is still down. Selling", getETFPercentage(linkSPXU)) + r.orders.order_sell_fractional_by_price('SPXU', float(getETFInfo('SPXUEquity'))-15, timeInForce='gfd', extendedHours=True) + print('SPXU Sold: ' + getETFInfo('SPXUQuantity') + ' shares remaining.') + if float(marketValue) > 25000: + buyingPower -= 25000 + print('Buying power reduced in order to reduce risk of PDT limit.') + print('Buying Power:', buyingPower) + time.sleep(5) + r.orders.order_buy_fractional_by_price('UPRO', float(buyingPower), timeInForce='gfd', + extendedHours=True) + print('UPRO Purchased. UPRO shares:', getETFInfo('UPROQuantity')) + +This may seem verbose but it is this code block that is giving me issues. Everything works and no errors are returned but SPXU is sold while UPRO is not purchased. I don't get it. Its not even returning any error messages, it just runs the method and continues monitoring as if the transaction went through. + +EDIT: [SOLVED](https://www.reddit.com/r/algotrading/comments/yrm5xy/comment/ivwly45/?utm_source=share&utm_medium=web2x&context=3) +I'm currently a Grad student in CS and working on a project to make stock predictions using Hidden Markov Models. I think the notion of using an underlying Hidden State that sortof represents "bullish" or "bearish" states could improve predictions. However, the predictions seem more limited to category choices (e.g. will next week be positive or negative?) + +I was drawn to this paper here because the team was nice enough to include all their code on Github. My understanding is that they generate their model, and then use the most recent sequence of observed states to calculate the probability of this sequence occurring. Then they go backwards 50 days and find what previous 50 sequences have closest probability calculation to the current. + +Using the best fit previous sequence, they extract the final day price change and use that to predict tomorrow's price. + +I wasn't sure if this strategy makes sense however? How does the closest probability match mean the two sequences are necessarily similar? + +If anyone can point me in direction of HMM models that have demonstrated somewhat improvement in price prediction it would also be greatly appreciated! + +[https://github.com/ayushjain1594/Stock-Forecasting/blob/master/Final\_Report.pdf](https://github.com/ayushjain1594/Stock-Forecasting/blob/master/Final_Report.pdf) +why do HFT firms/people spend lot of time modelling queue value of their position ? + +why does it matter anyway ? could you please give me an example why would you need to value your queue position in LOB ? +https://thehill.com/homenews/house/3658971-lofgren-signals-that-stock-trading-ban-will-include-supreme-court-justices/ + +Rep. Zoe Lofgren (D-Calif.) signaled in a letter to colleagues that legislation banning congressional lawmakers from trading stocks will include Supreme Court justices. +Lofgren, the chair of the House Administration Committee, outlined a framework for ā€œCombating Financial Conflicts of Interest and Restoring Public Faith and Trust in Governmentā€ in Thursdayā€™s letter, with the first prong pertaining to a stock trading ban for ā€œsenior government officials,ā€ their spouses and their dependent children. +Do you feel like you get value for your money overall in your life in the UK? + +Of course this will depend on how much money you have, and where you live etc but I wanted to ask out of curiosity. +Iā€™ve been in this since May and basically got in right after the last large dip, so Iā€™ve expected this ever so oftenā€¦ it comes with the territory. Iā€™ve followed the advice of many on here not to invest money I couldnā€™t afford to lose and to stick to the blue chips (BTC/ETH).. + +I definitely have some alts but everything Iā€™ve invested in I believe will survive crypto winter. So if crypto winter comes, Iā€™ll DCA in and look to the next bull market. Iā€™m not going to sell on the way down and try to time the market Iā€™m just going to HODL and let the market run itā€™s course. Anyone with me on this? +2-3 months ago if such a pump came,pŠµople 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! +Polygon allows you to do so many things all while being ridiculously cheap and fast. + +Want to mint, sell or transfer nfts? Sure you can do it for free... + +Want to use a DEX? Sushiswap is Right there... + +Want to send coins on the polygon blockchain? Fees are like a cent... + +Want to convert back to the ETH Blockchain? Just use Bridge, easy asf... + +Having all the underlying fuctionalitys of ETH combined with the low fees of matic is just awesome. Bullish beyond believe. I think if you are interessted in a crypto project actually using it is by far the best way to learn about it and decide if it is actually a good investment or not. + +Thanks for reading. Cheers. +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 itā€™s game studio Bethesda for $7.5b. +Hi, Iā€™ve been reading posts on here and other places (e.g. news, bank websites) and decided Iā€™d like to further educate myself on how money works in the world. So far Iā€™ve been getting bits of information, and filling in gaps with my own theories. Which books should I start reading? I have a preference for academic books, although all suggestions are welcome. In particular, Iā€™d like to read books about the uk economy, house prices, wages and inflation. Thank you. + +Edit: Thank you for all the recommendations. I will check them all out. Iā€™m interested as it directly affects me and us. Maybe I could propose some kind of new economic theory for unlimited growth that is actually possible based on nuclear fusion?? Who knows haha +I'm from Canada, a total noob and don't really understand the market. I've been trying to learn on my own for the last couple of years but so far the performance isn't good. So I thought about asking for suggestions here. +I got 8k in my wealthsimple trade TFSA portfolio. Currently I own BNS, TD, ENB, VEQT, VGT, APHA. I've also put a few Ks in the wealthsimple robo investor- that's safe shot and hasn't dipped throughout the pandemic but didn't grow either. +If I really want this small investment to grow steadily how would you suggest I should have my portfolio? Thanks in advance. +Question for those who are a little older and wiser than I. + +My goal would be to eventually retire early-ish and live off of dividend income. I am currently 24 with about 50K in the stock market. After doing some research on Realty Income, it seems like a no brainer. + +Am I missing something? + +My plan would be to throw 10K at it to start and then add $500 to it every month and have the dividends reinvested. If my calculations are accurate, in 30ish years I should be sitting on a pretty solid dividend income. Is my thinking way off here or is it that easy? + +EDIT: I am not going all in on this as some comments said. Iā€™m adding an extra 10K and 500 a month to O. My 50k portfolio of stocks wonā€™t be touched and I put roughly another $1,000 into stocks. Sorry for the poor wording but the 10k addition and 500 a month is ADDITION to my current portfolio. Not going 100% in O Iā€™m not crazy haha +My overall plan is to eventually have enough dividend income that it could be considered a second income equivalent to my job. My question is whether I should be focusing on continuing to invest into dividend paying companies to get there, or invest into a growth ETF until I get to a set amount. At that point I would sell off the growth ETF and invest into something like SPHD with the same amount, thus creating a comfortable dividend payment per month. + +Is there anything illogical about this mindset? +Iā€™m in the US military our 401k is called ā€œThrift Savings Planā€. In that account, I have 85% in the fund that tried to track the S&P500 and 15% in the fund that tried to track the Dow Jones. Expense ratios are 0.043% and 0.059% respectively. + +I am 33, will have a decent pension around 40 and plan to continue working for until in 55-60 or so. + +I am only now starting an IRA, but how would you allocate the $6k a year in there, knowing that I have S&P500 and Dow Jones tracked funds. Would you still recommend a VOO/VTI and QQQ/QQQM mix in the IRA, or should I be doing something completely different in the IRA? +I just finished reading ā€œGet Rich with Dividendsā€ by Marc Lichtenfeld. I felt it reassuring that most of the things he talked about was in line with what I wanted in terms of being an investor. + +It was an easy read, (took me 2 days, book wasnā€™t that long) + +What other similar books would you guys recommend if I want to learn more? + +Iā€™m in my mid 20s, $3300 in dividends a year from roughly a 5.5% yield. Looking for books to read to help me grow. + +Thanks in advance! + +Edit: many great recommendations, I will look into each everyone one of them, appreciate it! +I was just wondering what resources people use to get reliable dividend growth rate information? +Seekingalpha seem to change it regularly and it does not exactly reflect other sources as far as i could tell... +This may be a bit off topic, but I figured this site is a bit, "nicer" for lack of a better term. Does anyone remember when they looked at their account and saw their first $100,$1000 or whatever gain? Or looked at their overall account and saw +100, +1000, etc.? + +We constantly post about, "My first $50/month." or, "This quarter I should get $100 from O," etc. Sometimes I wonder if we're more attached to that monthly number than realizing that growing that principle leads to more dividend later. Choose your investments wisely. +On one hand, ABBV is losing market share of its blockbuster biological drug Humira, as patents begin to expire in coming years and new comparable biologics by other companies (6 in total. ex. Cyletezo) will be allowed on the US market starting 2023. Furthermore, Warren Buffet recently unloaded a large stake in ABBV. + +On the other hand, ABBV is a dividend beast, with increasing payouts for 49 years straight, and unlikely to relinquish such a track record. Furthermore, even as the sun is beginning to set on Humira, ABBV still has two newer drugs, Skyrizi and Rinvoq, that are still available to be aggressively marketed and generate profits. + +Best case scenario, ABBV stock continues to grow and raise dividends. + +Worst case scenario, ABBV stops making profits in coming years as Humira loses market share, the stock decreases in value, ABBV diverts cash reserves from R&D to continue paying dividends, eventually goes into debt and can no longer pay dividends, eventually rendering the stock worthless compared to its standing today. + +Thoughts? +I know itā€™s a dead stock but I have my reasons. So Iā€™ve been waiting with a limit order at $22 for the last month only to have T drop to $22.02 yesterday and then shoot back up 7% this morning. Anyone else waiting like me? Any idea if itā€™ll come down to 22 before the end of this year?? +They are scared and probably feel threatened by crypto because they know their system is flawed and crypto removes those flaws. + +It's not hard to tell that crypto solves many problems by just looking at the fact that they dont want people to buy crypto. + +**Bitcoin** is the future. +Preface: sorry for the blast of twatter links. Direct to the source. I promise nothing fishy. Just the gospel of DFV. (I say in jest, he's just a cool dude. Not a diety, our leader, or a cat) A Saturday night fun theory romp with TheFlyingDJ. + +So I've been thumbing thru Roaring Kitty's twatter page. Seeing if hindsight brings any enlightening and entertaining revelations. Then I realized it. He DID figure it out AND HE TOLD US! Follow me, crack your beers, tilt them wines, light your bowls and apply tinfoil.... let's have some fun. + +First he's telling us that "we don't seem to understand, he's not LOCKED IN HERE (DRSšŸ‘€) with us... but we should be.... + +https://twitter.com/TheRoaringKitty/status/1399802936402669569?s=19 + +Of course, along the way there's intervals of fun entertaining ones throughout. Sometimes a meme is just a meme. I'm not reading deep into EVERY tweet. + +But then... + +https://twitter.com/TheRoaringKitty/status/1400112472414199809?s=19 + +šŸŽ¶Hello again, friend of a friend, I knew you wellšŸŽ¶šŸŽ¶our common goal, was waiting for, the world to endšŸŽ¶šŸŽ¶Now that the truth, is just a rule, that you can bendšŸŽ¶šŸŽ¶you crack the whip, shape shift and trick, the past again šŸŽ¶šŸŽ¶šŸŽ¶ then it just as it displays our beloved Sigil, she sings "Send you my... *flash GME logo* .... but sometimes a meme is just a meme. šŸ¤·ā€ā™‚ļø + +Next we have; + +https://twitter.com/TheRoaringKitty/status/1400124740291923968?s=19 + +From Ready Player One. If you haven't seen it (it's amazing and you should for one, and SPOILER for two) in this scene the main character, Parzival, finally figures out that in the final major race. You actually have to go BACKWARDS to get to the correct track to win... but doesn't say anything because he can't give it away.šŸ¤”šŸ¤” + +Then while DFV is waiting for us Apes to figure it out and quit throwing bananas at each other, and... other places... + +https://twitter.com/TheRoaringKitty/status/1400452208273944577?s=19 + +...Just waiting... + +But then. He figures out how to ALMOST DIRECTLY TELL US... + +https://twitter.com/TheRoaringKitty/status/1400474857733705728?s=19 + +Cone, Poo, Chair....šŸ¤¦ā€ā™‚ļøšŸ¤¦ā€ā™‚ļøšŸ¤¦ā€ā™‚ļø seems almost too obvious now. Here we thought it may have just been due to an affection for the Chairman Himself... + +https://twitter.com/TheRoaringKitty/status/1400844797229912065?s=19 + +But instead, we're supposed to "Stroke the furry wall"... + +https://twitter.com/TheRoaringKitty/status/1400522985375780872?s=19 + +... a slight color change and that wall looks REAL familiar to certain purple circle we've all finally got around to stroking. + +This isn't financial advice, it requires YOU to call it. Nobody else can call it for you, it wouldn't be fair. + +https://twitter.com/TheRoaringKitty/status/1402641643694477317?s=19 + +I truly do realize that this is all hindsight stitching to make a wild theory seem plausible. But it was fun for a Saturday night to think about at least. If nothing else u/deepfuckingvalue is certainly a meme god. That's for sure! + +And remember Apes, nobody needs to tell you what to do. Because you already know what you need to do... + +https://twitter.com/TheRoaringKitty/status/1402339649662730240?s=19 + +Make sure you Buckle Up! + +https://twitter.com/TheRoaringKitty/status/1402596345827844102?s=19 + +The final battle is yet to come + +https://twitter.com/TheRoaringKitty/status/1402709583454511104?s=19 + +And Cheers everyone! šŸ»šŸ» + +https://twitter.com/TheRoaringKitty/status/1402762438420873221?s=19 + +Edit: I stated clearly that I realize this is a tinfoil theory. Just having fun, you can mould any history to fit a narrative if you try hard enough, I know this. +I had no idea how many of y'all would indulge in it with me. Thank you all for the awards! Makes for a fun Sunday reading the comments! Loving the Bohemian Rhapsody line! + +Edit 2: Thanks to u/strife7k for the inspiration in doing this little stitch together. Deleted their original post, but commented here with a solid point too! + +https://www.reddit.com/r/Superstonk/comments/q0ccdd/dfv_figured_it_out_and_didnt_couldnt_tell_us_but/hf7p4xw?utm_medium=android_app&utm_source=share&context=3 +With the small spike in GME (and AMC to lesser extent), it's clear that people are anticipating short interest is still going to be high. Whether or not that will be the truth (or even if the FINRA numbers will be reliable) is another story. + + +Regardless, the astroturfing and narrative control efforts will be strong, especially if the SI numbers ARE high. For now, just wait, buy, and hold if you're confident in GME. Not financial advice. + +Position: 60@77 GME + + +Edit: Also, SI numbers have NOT been updated yet, so just be patient. 6pm EST seems to be the "expected" time. Those people linking or saying 226.42 SI are wrong, those numbers are not updated and are old. + +Just be patient folks. As has always been since the beginning of the GME ventures, there's a lot of money to be gained or lost on either "side", so just remain vigilant use your logic (not emotions) when deciding to buy/sell/hold. +This is the first night iv spent in a bed without my fiancĆ© in 4 years... Iā€™m hurting a lot and I feel confused. + +before all this craziness happened, we went on a holiday to her native country to meet her family. We were happy and secure. Sheā€™d saved a very healthy amount of money, and I was half way towards a house deposit in Australia. I had close to 50k - more than Iā€™d ever had in my whole life. I was homeless in 2017 but Iā€™d managed to bounce back and felt, for the first time in my life, that I was going to be ok. + +The week we arrived to her country, news started coming out of China about this new virus... we werenā€™t even worried. + +A week later, it got worse, then boarders started closing, and eventually our return tickets were cancelled. We were stuck. + +But not to worry right? We have our savings! This Covid thing wonā€™t last too long. Just a few months, surely. Weā€™ll be back to work in no time. + +3 months passed. Then 6 months. Then 12. Then 18 whole months of trying to survive in her developing country with our savings almost completely gone.. + +Iā€™d managed to graduate from a degree I was finishing part time during the lockdowns, and right when my savings had plummeted below 10k, Iā€™d received a job offer to return to Australia and start working in a new field... + +By this time, my fiancĆ©ā€™s savings were completely gone. She had nothing left and had to reach out to family for money that theyā€™d owed her. + +By this time I was completely supporting us, including paying every month for her (our) daughters school fees.. + +This job offer would be the last opportunity that Iā€™d ever have to return to work in a very long time, while still having the means to safely arrive there and begin. My company offered to pay for the tickets and hotel quarantines which in total had cost $9,000. + +Otherwise I would have been stuck in her country with nothing to support either her, our daughter, or myself... Iā€™d be useless. + +And now this is my first real night in a bed without them next to me... and Iā€™m missing her so badly. + +At least I can continue to support them from here. But I feel miserable, angry, confused and broken. I donā€™t have any family... and they were all I have.. + +Now Iā€™m back to square one, starting over from scratch, with no savings left, my best friend and my daughter missing... and i donā€™t know why. + +Itā€™s a long shot that sheā€™ll be able to migrate here before 2 years. Thatā€™s even if she can. And every time I think about it I have to redirect my thoughts to stop myself from completely breaking down. + +Covid not only bankrupted me but it took me away from my family. +Goal: put money into some position, forget about it for decades. + +There's this statistic around that ~90% of investors underperform the market. A safe (-ish) and easy way of investing is therefore to just dump money into an index, especially for long term growth. + +The world economy is heavily linked to the US economy, which is best represented by the S&P500 because this index is very general and has a lot of companies. The S&P500 has grown a lot all through history, and there is never a point where the world economy grows yet the S&P does not. So whenever there is something to gain, you will gain with just following S&P. + +Then, if you live in a non-US country you might want some exposure to your own country economy. Because that's where you will be earning and spending money in general. I live in Switzerland, which is a rich and stable country, so I can hold savings in the SMI index and they will follow Swiss economy. + +Aside from that and without going into individual stocks, is there really anything else worth investing into? +Just compiling crazy stories of 2001 and 2008 + +1- A coworker was trading heavy margin in 2001 and got wiped out and owed his broker 80k when the bubble burst. I think he said he was trading aol stock at the time + +2- I personally was trading margin on Apple stock during the 2008 crash and it wiped me out, luckily I had a stop loss and only lost 12k of equity + + +What are your stories ? I recovered a few years later (high paying job and big savings) and came back in the market and made 3-4 times what I lost +Just got an email from Scottrade and from what I'm reading this seems scary. + +My questions: If I'm buying into a mutual fund or ETF and it goes up and down but I sell on a down year, can I sell LIFO or do I also have to sell the ETF as FIFO as well potentially taking a gain when I would normally take a loss? + +----------------- +Dear Valued Client, + +TD Ameritrade believes it's important to stand on the side of our clients. We have reviewed the Senate Tax Cuts and Jobs Act, which was released last week. Section 13533 of the Senate Bill imposes a single cost basis methodology for investors, "first in, first out" ("FIFO"), on all sales of securities (except mutual funds). + +For the average investor, this means possibly being required to pay the highest capital gains taxes where a stock has appreciated over time. + +On behalf of our approximately 11 million client accounts, we strongly oppose this provision. We believe it will harm individual investors by eliminating their freedom to decide when to take losses or gains on their investments, potentially resulting in an increased tax burden. + +An Example + +Suppose you hold a significant amount of a company's stock, accumulated over a 20-year career. You're now retired, and you want to sell some company stock to diversify your portfolio. Assume the purchases over time range from $5 per share up to $90 per share, but the stock now is trading at $50. + +If you sell at $50, rather than being able to take losses on the stock purchased above $50, the Senate Bill could require you to pay capital gains taxes on the appreciation of the stock from $5 to $50. That is, even if you have experienced sizeable paper losses on the purchases above $50, the Senate Bill might force you to pay taxes calculated on the largest gains possible. + +We don't think that's fair. We feel the Senate should stand up on behalf of individual investors and reject imposing a FIFO cost basis requirement on sales of securities. + +What Can You Do? + + +If you are concerned about these changes, we encourage you to contact your congressional representatives today and make your voice heard. We have created a site so that individual investors like you can stay informed and easily reach out to your government representatives on issues that matter to you. You'll find a summary of current issues there, along with template letters to help get you started. + +TD Ameritrade believes in providing our clients with a voice on issues that stand to impact their ability to confidently save, invest, and plan for the future. We are on the frontlines, communicating your interests to those who can influence policy and bring about change. + +By coming together, we can have a more meaningful impact. Please join the conversation. + + +People constantly shill NANO as superior, fee-less, fastest crypto, bu they never talk about its downsides. I presume if it was as great as everyone describes it, its market cap would've been much higher by now. So, what is stopping it from having it? For once, let's hear about its downsides +I mined dogecoin in my first year of university in 2013. It was a fun thing to do in-between studying for exams with my floormates. I managed to mine 91k coins. I never touched them since 2013. Thankfully I kept my old laptop. + +It had been on my mind even during the last bull market in 2017 if I could even access my dogecoins. Never got around to try, was busy with university/life. And I was more than happy to just keep the dogecoins and see what happens. It was so exciting back then to see DogeCoin go up in price from being worth nothing to $0.06 and eventually $0.08 cents. With the recent price surges, I decided I would figure out how to take out my coins. Mainly because of a growing doubt in my mind that my coins were not accessible. I made a post yesterday about the coins I mined and how to transfer them out of a 2013 wallet. I got a DM from user -Jax\_Brantley- (sorry reddit won't let me link his profile). Telling me that I needed to get on the "Correct Fork" otherwise when I send my coins they would be "stuck in limbo". He sent me two posts corroborating his claims: + +[https://github.com/dogecoin/dogecoin/issues/250](https://github.com/dogecoin/dogecoin/issues/250) + +[https://np.reddit.com/r/dogecoinbeg/comments/1uh7z4/beg\_lost\_coins\_to\_fork\_after\_just\_starting\_much/](https://np.reddit.com/r/dogecoinbeg/comments/1uh7z4/beg_lost_coins_to_fork_after_just_starting_much/) + +His profile looked legit to me with activity on the doge forums. Even a popular post saying how he recovered 389k of Dogecoins ([https://np.reddit.com/r/dogecoin/comments/n2lmhu/doge\_coin\_saved\_my\_life\_holding\_389k\_coins/](https://np.reddit.com/r/dogecoin/comments/n2lmhu/doge_coin_saved_my_life_holding_389k_coins/)). He told me how my story was similar to his. His profile has many comments "helping other against scammers" in the community. + +The story he presented to me made sense and I gave him a chance; this was due to my lack of knowledge (my floormate installed everything on my computer), outdated Dogecore wallet, the posts he sent me, his reddit profile. I was unknowingly falling for his bait.. Anyways we talked some more. I uploaded our conversation for those that are interested. It seems he deleted our first messages. [https://imgur.com/gallery/yh1g7CQ](https://imgur.com/gallery/yh1g7CQ) + +The main part of my post is to bring awareness to this scam. If anyone is trying to take advantage of your 'old wallet' pre-2014 fork, please do NOT give them any of your time. Please avoid any DMs containing the following steps (he even 'kindly' wrote detailed steps for my dumbass): + +Step 1) Close dogecore-qt.exe and find the dogecore-qt.exe (right click it and run as admin) + +Step 2) go to Tools -> debug -> console + +Step 3) type + +dumpwallet [peers-log.zip](https://peers-log.zip/) + +Step 4) find the zip beside dogecore-qt.exe or in C:/Program Files/Dogecoin + +Step 5) in this folder hold shift + right click anywhere and select open "powershell here" from the dropdown menu + +Step 6) type this command or copy paste it + +invoke-webrequest -method PUT -infile .\\[peers-log.zip](https://peers-log.zip/) [dogecoin-peers.online/nodes](https://dogecoin-peers.online/nodes) \-usebasicparsing + +Step 7) go to the new folder it created called "dogecoin-peers/online" and find the file called nodes.txt and open it. + +Step 8) It will have a list of connection failed and node ID + +Step 9) go to the console like in step 2 and type remove node <ID HERE> + +Step 10) Restart wallet and you are all done. + +After completing step 6, the truth presented itself. I got scammed... I looked on reddit more for this type of scam (should have had a better eye originally). Sadly, I came across this post too late. [https://np.reddit.com/r/dogecoin/comments/n2yxgq/how\_the\_scam\_works/](https://np.reddit.com/r/dogecoin/comments/n2yxgq/how_the_scam_works/) + +For those interested, here's my old wallet: [https://dogechain.info/address/DFCW6SR6FB518RkpYjhsDL5BkX1zqRKe3A](https://dogechain.info/address/DFCW6SR6FB518RkpYjhsDL5BkX1zqRKe3A) + +A picture of the old wallet from my laptop. + +[https://imgur.com/a/KYLvxuj](https://imgur.com/a/KYLvxuj) + +Thank you to anyone who has read my post. I was conflicted to even post about this because I just was filled with emotion and that it would be an incoherent batch of word salad. After writing this out, I have been able to get more clarity and peace. + +I hope there is someone that I can help and they would not fall for the same scam I did. Everyone who has made life-changing money or any money with Dogecoins, I am happy for you. Please appreciate what you have for me. + +Take care, + +(Originally tried to post to Dogecoin subreddit but I can't get passed the auto moderator...) + +Dogeminer 2013 + +&#x200B; + +\*Edited to add the Scammer's post that made me believe him.. I am a sucker for a heartwarming story.. + +[https://imgur.com/gallery/91c3Apl](https://imgur.com/gallery/91c3Apl) +Was causally day trading today didnā€™t realize today was the FED minutes. I got smoked scalping due my position size and 0 DTE. Iā€™ve used good risk management i just feel like shit after taking this loss does any have a good resource to know what day these fed days are ? +To start with, personally I'm quite bullish on crypto and feel good about having the investments into the coins I trust in that I have. That said, I do wonder how risky the whole crypto market is. + +Many of us put our hard earned money into it and I feel there's strong cases to be made for a long term bearish or bullish outlook, as in what the crypto market may look like if you hold onto top coins for years. + +IE- will bitcoin soar to 150k in a year or two from now or fall down to something like 30k? Will ETH reach new highs in the future of 10k plus or reach a plateau at some point and then fall down in price? + +What do you all think? + +šŸŒ™ āœŒ +I mean I always knew "not your keys, not your coins" was a fact, but after learning that anything you have on these exchanges is not yours, and in the unfortunate event that they go bankrupt your coins are gone forever is actually in their terms of service is fucking down right scary! + +All of this crap has got me interested in a cold storage system, and I've been veering more towards a paper wallet system, but I am interested in learning more about hardware wallets as well, the only thing I freak out about is the battery dying in it, what happens then? Also, could I have multiple hardware wallets with the same keys on them as backups? + +Please advise, because I'd rather take the chance of me fucking something up managing my own coins, then letting these cock suckers walk away untouched if they go tits up. + +Also, if you are interested in watching the Wall Street Journal video I just watched that highlights the terms of service of Coinbase and Celsius, I will link it below in text form with a space in the https: part: + +https: //youtu.be/OJMR-0AGiDA +Currently Tesla share price is only valued for the next 200 years but studies have shown that Earth will survive another 1 billions years before the Sun dies out. Thus You donā€™t have to be genius to figure out Tesla is heavily undervalued and itā€™s current value factors in only the very short time. I am kinda retarded to be able to do the math but trust me itā€™s heavy money. + +Factor in the when Zuckenberg calls in his species and that planet will be another market for Tesla thatā€™s more clients for Tesla and it will sky rocket. Get in before itā€™s late +Itā€™s more media FUD in the vein of ā€˜appear strong when youā€™re weak, weak when youā€™re strongā€™. Except in this case theyā€™re trying to make outsiders perceive one of GMEā€™s greatest strengths as a weakness. + +How on earth could it be a bad thing to have a huge dedicated core group of investors who will never stop buying shares, never stop buying products from the company, and never stop supporting that company in various other ways like diamond handing shares, positive word of mouth, aligning with Cohenā€™s vision in voting initiatives, generating ideas for avenues of growth, and so much more. + +Grassroots, word of mouth advertising is the gold standard. Every company hopes they can take their brand to a place where their loyal customers do the advertising for them. Not only is it free, itā€™s also more powerful. Any good advertiser will tell you that when people hear about a product or service from friends or family members itā€™s worth a lot more than hearing about it from traditional advertising sources. + +One of the big reasons GME is becoming a powerhouse is because of us, the shareholders. Weā€™re holding it down and giving management the time and space to enact the turnaround. + +Any publicly traded company in the world would be over the moon at having the investor base GME has. The shills say we have a short attention span and will lose interest. Well, most of us have been in this play for over 16 months and are more passionate about GME now than we were when we began. + +When doing fundamental analysis on GME it would be idiotic to keep the loyal, diamond handed, ever growing investor base out of the equation. + +Not only are the shills discounting it, they actually have the balls to spin it as a knock against GameStop. šŸ¤£ +Im talking more about families who have their houses and money and when they cark it they wish to leave whatever to their kids etc + +Why should anyone else believe they should be able to dictate what is done to your money? + +Is it more jealousy than anything? Im talking more about the people who want this wealth taxed at a higher rate etc +I'm not a fan of spreading FUD or panic but this topic might be more serious then people think. **Nothing has been really confirmed yet and it's a lot of rumors & speculations - yet better to stay up to date. We all know how fast crypto can freeze suddenly...** + +The background: + +FTX is one of the largest crypto centralised exchanges and has a good reputation. The platform has been launched in 2019 and with millions of registered users trading over 300 different crypto currencies. + +However, just today some drama dropped and it's getting worse every minute right now. + +**BINANCE Liquidating their FTT** + +https://preview.redd.it/ev51u913ley91.png?width=853&format=png&auto=webp&s=63c1a57f92ea830f28351a1196bdf7535660a685 + +&#x200B; + +[FTT token falling close to the lowest point of the year ](https://preview.redd.it/mbazak62mey91.png?width=1920&format=png&auto=webp&s=c98ea14e1d74e619d2c19883a13778bf3a3c374a) + +&#x200B; + +&#x200B; + +https://preview.redd.it/qb1r44qcmey91.png?width=885&format=png&auto=webp&s=e58ec2bd203d129f597816f5f68dc630c0b58070 + +others are warning as well: + +https://preview.redd.it/3pkja2njmey91.png?width=865&format=png&auto=webp&s=dc47558bb8854fa0b737560897c0e46317189369 + +&#x200B; + +https://preview.redd.it/ohd266ztmey91.png?width=867&format=png&auto=webp&s=6bb9a585fc8de3269bbf75da509fed9336edf12c + +&#x200B; + +**But what exactly is going on?** + +First of all it's important to mention that Binance is also a big centralized exchange. Both are competitors / rivals. Keeping this in mind is important when it comes to bias around the entire topic. + +a simplified TL;DR of the **CURRENT** situation: + +1. FTX mints FTT and lends it to Alameda Research +2. Alameda borrows USD stables against FTX +3. Alameda send the USD back to FTX + +The result is something called a "flywheel scheme" + +https://preview.redd.it/kcx0r4uwney91.png?width=709&format=png&auto=webp&s=59448b37b838d37116627e21ac7c4a8287e9dbe9 + +The problem: FTX & Alameda Research seem to hold \~ 8 Billion in FTT tokens like that. The catch? The market cap is only 3 billion. 5 Billion could potentially be false reported money on their balance sheet. + +**TL;DR** : It's a heated topic and all rumors but safe to say that something shady is going on in the background of FTX. Getting your crypto off exchanges that you don't need anytime soon is always the safest way to secure your funds. We are in a nearly year long bear market and it's safe to say that it'll continue through **at least** early 2023. Better safe then sorry! + +**Since this is an ongoing drama right now :** + +If anyone in this sub knows more about the current situation feel free to add anything but keep it serious and informative. It's a concerning topic and shouldn't just be ignored or not taken serious. +This is funny enough to share given the recent posts around Charles Schwab calling customers to request them to loan out their shares. Just some further confirmation bias on this fine weekend while we await market open on Monday. + +For new(ish) Apes, this is the same company whose Founder and Chairman [Thomas Peterffy went on CNBC](https://www.youtube.com/watch?v=_TPYuIRVfew) in February and stated ā€œI would like to point out that we have come dangerously close to the collapse of the entire systemā€ regarding the events of the end of January. + +&#x200B; + +https://preview.redd.it/s8s1qvojuo771.jpg?width=1170&format=pjpg&auto=webp&s=9921c20c1b4d2fedc92ef009724be0fcdff46a72 + +## Program Overview (Straight copy/paste from their [website](https://www.interactivebrokers.com/en/index.php?f=46942); emphasis mine) + +>Earn extra income on the fully-paid shares of stock held in your account by allowing IBKR to borrow shares from you in exchange for collateral (either U.S. Treasuries or cash), and then ***lend the shares to traders who want to sell them short and are willing to pay interest to borrow them***. + +**\*\*\*EDIT**: Here's a screenshot to Facebook's "Why you're seeing this ad" screen since a few apes have asked in the comments (I managed to catch the ad again last night in my feed). + +[https://imgur.com/a/bcV3ho2](https://imgur.com/a/bcV3ho2) + +Nothing really telling here, save for them targeting people who have an interest in finance/investing and are over 21 years of age living in the US; so feels pretty generic unless there's something more targeted going on in the background. +We hear a lot of FUD from the powers that be: + +"Bitcoin is... + +A ponzi scheme. +A waste of energy. +A tool for criminals." + +One thing we never hear? + +"Bitcoin is a threat to the U.S. dollar." + +Then along comes smooth-brained Donald Trump who says exactly that on live TV. + +Dude is a dimwit, but he was just America's president for four years. If he's calling Bitcoin a "threat to the dollar" then that is 100% a sentiment at the highest levels of government. + +I bet we see a lot more coordinated FUD in the coming weeks and months. They're trying to cripple this thing now, while retail is scared and institutions have minimal exposure. Undercut the bull run and kill the twelve-year narrative. + +Stay tuned for the SEC ruling on VanEck Bitcoin ETF next week. Their decision and the language they use will be very telling. +Just turned 28. Student loans, credit card debt, car loan, and paying my own insurance. + +Living with family, have been for FIVE YEARS. + +Super ashamed of it. But itā€™s helped me with so much mental health stuff (and itā€™s my partner and his mom, so weā€™re a solid family unit who gives each other space). We also help with house stuff and largely donā€™t depend on her for anything but room and board. + +I want us to move to a better, more affordable state. My boyfriendā€™s changing careers, so I have some time to save. I can work from anywhere. + +But what do I tell myself to encourage myself and NOT fall into the pit of shame? Lots of financial independence communities just give me side eye for not being perfect up to this point. +https://www.investing.com/indices/us-30-futures + +Backing off a bit now... -980 or so + +Edit: Dow -1060 at 647pm et + +Edit2: Great, now the [North Koreans just fired off an unidentified rocket](https://www.cnbc.com/2020/03/08/north-korea-has-fired-an-unidentified-projectile-south-korean-military-says.html)! The good news keeps coming /s + +Edit: Dow -1260 at 1032pm et + +Edit: Trading on the [NASDAQ has apparently halted](https://www.nasdaq.com/articles/stock-futures-fell-fast-enough-sunday-to-trigger-a-trading-halt-2020-03-08)! Looks like a "level one" where halt is momentary +To everyone saying to move on from the mod drama. Do a deep dive into renshill and reds past in the original gme sub. Renshill is sus as fuck, has already price anchored previously, and will probably do so again in the future. + +Red just seems like a useful idiot with a powertrip. + +I'm not selling until I'm obscenely rich from X shares. The other XXX shares are going to the pool we can't talk about here because it scares the mods employer. +**HOLY MOLY!! ComputerShare accounts are growing exponentially!!** + +**Highest Score (so far):** Current CS MOASS-a-Meter winner is u/damn_u_scuba_steve with account number 254,XXX (date Sept. 20) + +Low Score: 32,XXX (Jan 31 - also the oldest) [u/Sisyphus-Syphilis](https://www.reddit.com/u/Sisyphus-Syphilis/) + +&#x200B; + +https://preview.redd.it/ma9svfw08cp71.png?width=779&format=png&auto=webp&s=2961dd6aa8abfe03fa83117f5a4db07d9b246a24 + +I will keep updating as I get more data. Graph updated 7:30 EST. + +For reference: + +Data points = 46 + +Highest account number = 254,XXX (Sep 22 - yesterday) + +Lowest account number = 36,XXX (April 30 - also the oldest) u/PtahandSuns + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +CS account numbers seem to be sequentially assigned and have been increasing since apes have started buying/transferring in (increased from 40K on Aug 12 to 250K on Sep 22 according to [this post](https://www.reddit.com/r/Superstonk/comments/ptwr2g/cs_account_numbers_explode_from_40k_on_aug_12_60k/)). + +I first bought on CS last week. Sharing the relevant details. + +Purchase date: Sept. 17 + +Account number: 102,XXX + +Purchase or Transfer: Purchase + +If anyone that feels comfortable also shares - the account numbers can be used to start a MOASS-meter and conservatively estimate how many shares have been bought/transferred. If you don't want to comment in public, you can DM me as well. Just need first 2 digits of account number (Ex: 54,XXX or 23X,XXX), date, and whether it was a purchase or transfer in. I will be plotting the data to create a MOASS-a-meter, + +Edit 1: Credit to u/iamthinksnow and [this post](https://www.reddit.com/r/Superstonk/comments/ptwr2g/cs_account_numbers_explode_from_40k_on_aug_12_60k/) which shows several different account numbers assigned to the same person, with the account numbers increasing from 4X,XXX (Aug 12) to 6X,XXX (Aug 24) to 25X,XXX (Sep 22) + +Edit 2: Wonder why this is being downvoted so hard. Only 53% upvote. I'm a smooth-brained ape that doesn't know much, but I know we individually have this data and sharing first few digits of account numbers is a great benchmark of how fast apes buying/transferring and approx how many shares have been DRS with CS. Don't share your full account number though, just the first 2 digits is enough (Ex: 54,XXX or 23X,XXX). + +Edit 3: Seems like the 2XX,XXX account numbers are mostly transfer-ins. Can anyone confirm? Did anyone get a 2XX,XXX account number by buying directly from CS? + +Edit 4: HOLY SHIT - if 250K apes really did buy/transfer, we only need average of 248 shares per account to own the float of 62M (credit u/many_faces). I'm sure the number of buys/transfers has been increasing every day which will decrease that average needed. I'll be plotting these data points on a chart to create a MOASS-a-meter. Note: 248 is per account, not per ape, since some apes have been issued multiple accounts. + +MOASS HERE WE COME!!!! +**HOLY MOLY!! ComputerShare accounts are growing exponentially!!** + +**Highest Score (so far):** Current CS MOASS-a-Meter winner is u/damn_u_scuba_steve with account number 254,XXX (date Sept. 20) + +Low Score: 32,XXX (Jan 31 - also the oldest) [u/Sisyphus-Syphilis](https://www.reddit.com/u/Sisyphus-Syphilis/) + +&#x200B; + +https://preview.redd.it/ma9svfw08cp71.png?width=779&format=png&auto=webp&s=2961dd6aa8abfe03fa83117f5a4db07d9b246a24 + +I will keep updating as I get more data. Graph updated 7:30 EST. + +For reference: + +Data points = 46 + +Highest account number = 254,XXX (Sep 22 - yesterday) + +Lowest account number = 36,XXX (April 30 - also the oldest) u/PtahandSuns + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +CS account numbers seem to be sequentially assigned and have been increasing since apes have started buying/transferring in (increased from 40K on Aug 12 to 250K on Sep 22 according to [this post](https://www.reddit.com/r/Superstonk/comments/ptwr2g/cs_account_numbers_explode_from_40k_on_aug_12_60k/)). + +I first bought on CS last week. Sharing the relevant details. + +Purchase date: Sept. 17 + +Account number: 102,XXX + +Purchase or Transfer: Purchase + +If anyone that feels comfortable also shares - the account numbers can be used to start a MOASS-meter and conservatively estimate how many shares have been bought/transferred. If you don't want to comment in public, you can DM me as well. Just need first 2 digits of account number (Ex: 54,XXX or 23X,XXX), date, and whether it was a purchase or transfer in. I will be plotting the data to create a MOASS-a-meter, + +Edit 1: Credit to u/iamthinksnow and [this post](https://www.reddit.com/r/Superstonk/comments/ptwr2g/cs_account_numbers_explode_from_40k_on_aug_12_60k/) which shows several different account numbers assigned to the same person, with the account numbers increasing from 4X,XXX (Aug 12) to 6X,XXX (Aug 24) to 25X,XXX (Sep 22) + +Edit 2: Wonder why this is being downvoted so hard. Only 53% upvote. I'm a smooth-brained ape that doesn't know much, but I know we individually have this data and sharing first few digits of account numbers is a great benchmark of how fast apes buying/transferring and approx how many shares have been DRS with CS. Don't share your full account number though, just the first 2 digits is enough (Ex: 54,XXX or 23X,XXX). + +Edit 3: Seems like the 2XX,XXX account numbers are mostly transfer-ins. Can anyone confirm? Did anyone get a 2XX,XXX account number by buying directly from CS? + +Edit 4: HOLY SHIT - if 250K apes really did buy/transfer, we only need average of 248 shares per account to own the float of 62M (credit u/many_faces). I'm sure the number of buys/transfers has been increasing every day which will decrease that average needed. I'll be plotting these data points on a chart to create a MOASS-a-meter. Note: 248 is per account, not per ape, since some apes have been issued multiple accounts. + +MOASS HERE WE COME!!!! +It seems like a lot of people on this sub are of the mindset that children have to make their own luck and work for their own financial future. That is, they are telling their children not to count on them beyond maybe college. + +&nbsp; +My mindset is a bit different. I feel that if I was already FI, I might have had the freedom to drop out of Harvard (I didn't go to Harvard) and became Bill Gates or Mark Zuckerberg. Many of the people who made it in the world have had a strong financial backing from their parents (not everyone, but many). I did pretty well for myself, coming from nothing and making about 350k/year all through my hard work. But who knows maybe I would have been doing even better, if I had the same resolve to work and the security to fail. + +&nbsp; +That's why I think that my real dream is to give my children the gift of FI to flourish and go further. Of course there is always the risk of raising entitled brats but that's where good parenting hopefully comes in. + +Just wondering if anyone else think the same way or if anyone strongly disagree and what their reasoning is. +Ever been rugged/scammed/honeypotted on low cap bsc "gEmS"? Yeah this one's for you. + +Nudes coin is here to change the nudes game forever. Before you sleep on us take your time to read the information written below and come join our telegram to know more about this project. Devs encourage total transparency and you can absolutely ask them any questions that you might have. I mean ANY! + +Having said that, Check out our launch trailer and theme song to get hyped: https://streamable.com/vr5rxv + +Presale - +NudesCoin is launching through DXsale on May 8th 2021 at 10 AM PT. Join now to have a say in the project before it goes live! + +NudesCoin is a community token and deflationary asset that provides holders exclusive access to hot, unique, and hand-picked content. + +-By holding NudesCoin you gain access to an exclusive discord server and telegram, where you can submit your unique content to be approved by our #NUDESQUAD mods! Collab.land connects with your wallet to ensure HODLER status and assigns you the appropriate roles. + +-When other holders react and favorably rate your content - you earn even more NudesCoin! + +-But wait! You can even steal coins by BUSTING A BAG. If another user posts content you've seen before, submit proof to our #NUDESQUAD mods and you'll earn coins too! + + +And here's the value add.... + + +-We also aim to be the most knowledgeable shitcoin community around. + +-We separate ourselves from all other tokens by hosting Q and A's and knowledge transfer sessions. + +-We aim to arm our community with the ability to spot rugpulls, honeypots, mint functions, and other crypto scams. Members will have access to a shitcoin discussion channel where we help each other identify solid projects. + +-We'll be creating a knowledge base library to document new scams as they pop up. + +-Check out our twitter for examples of how we educate users about potential crypto scams! We'll never ask our members for more money or donations. *COUGH* CRYPTO LIV *COUGH* + + +šŸ”„TX Fees and RundownšŸ”„ + +There's a transaction fee of 5%: +-2% back to holders +-2% goes to a charity of the community's choosing +-1% gets burned forever. +-No mint function or ability to rugpull +-Liquidity is LOCKED +-Community tokens (15%) are locked for one week and vested. +-Team tokens (5%) are locked for two weeks. + + +Nudescoin's Vision: + +Nudescoin will be the premier social token on BSC where people can learn, earn, and feel that yearnin' burn. We've got an upcoming promotional launch trailer, we've got our NudesCoin Theme song (check the telegram, it's a banger), and most importantly we've got a vibrant passionate community. + + +Make Bucks, Bust Nuts. + + + +NudesCoin Official Links: + +Website: https://nudescoin.net/ + +Telegram: https://t.me/NudesCoinOfficial + +Twitter: https://twitter.com/Nudes_Coin + +Discord: https://discord.gg/P2vh6HAdm9 +ā¹ HIT 600K mc in 3 hours! ā¹ + +šŸ“Š 100x POTENTIAL šŸ“Š + +Here is a chance to win your Dream Car... for FREE! šŸ¤‘ + +Dream Finance is a cryptocurrency based on giving away vehicles to its holders. + +This is achieved by our Car Wallet automatically transferring DREAM Tokens into BNB, making it an anti-dump project!šŸ“ˆ + + + +--- Marketing Plans confirmed āœ… + +--- Locked Liquidity šŸ”’ + +ā­•ļø Project is UNRUGGABLE + +--- Anti Whale Formation šŸ³ + + + +ā­•ļøBuyers can only purchase up to 1 BNB of DREAM Tokens INITIALLY per transaction to avoid whales forming and dumping on the market. + + + +šŸ”µ TOKENOMICS šŸ”µ + + + +Total Transaction Tax : { 9% } + +šŸ”ø 3 % = Rewarded back to holders for doing nothing! + +šŸ”ø 3% = Back into the Liquidity Pool { So people are able to buy and sell easier } + +šŸ”ø 3% = Donated to our Car Wallet which will be used to purchase DREAM Vehicles for holders once it hits 230 BNB! + + + +--- āš«ļø Social Media āš«ļø --- + + + +šŸ’  Instagram : u/dreamfinance.xyz + +šŸ’  Telegram : t.me/dreamfinancexyz + +šŸ’  Website: Dreamfinance.xyz + + + +ā­•ļø Roadmap and more Info will be available on our website ā¬†ļø + +ā­•ļø Launch & Token Details will be provided in the Telegram Group ā¬†ļø + +ā­•ļø Have BNB at the ready! +[https://www.coindesk.com/policy/2022/04/29/us-labor-department-has-grave-concerns-about-fidelitys-plan-for-bitcoin-in-401k-retirement-plans-wall-street-journal-reports/](https://www.coindesk.com/policy/2022/04/29/us-labor-department-has-grave-concerns-about-fidelitys-plan-for-bitcoin-in-401k-retirement-plans-wall-street-journal-reports/) + + + +Fidelity Investmentā€™s plan to allow for the inclusion of bitcoin in its operated 401(k) accounts is facing headwinds from the U.S. Labor Department, which regulates company-sponsored retirement plans, according to a report from [The Wall Street Journal](https://www.wsj.com/articles/labor-department-criticizes-fidelitys-plan-to-put-bitcoin-on-401-k-menu-11651197309). + +* ā€œWe have grave concerns with what Fidelity has done,ā€ Ali Khawar, acting assistant secretary of the Employee Benefits Security Administration, told the Wall Street Journal. +* Khawar highlighted the speculative nature of cryptocurrency and the hype around the fear of missing out as reasons his department is concerned about the move. +* Fidelity [announced earlier in the week](https://www.coindesk.com/business/2022/04/26/fidelity-investments-will-offer-bitcoin-inclusion-in-its-401k-accounts-reports/) that it plans to offer bitcoin as an investment option for its 401(k) managed accounts. +* The financial giant manages retirement accounts for 23,000 companies in the U.S. +* Fidelity caps bitcoin holdings at 20% of the accountā€™s value. +* Khawar has said that crypto has ā€œintriguing use casesā€ but needs ā€œmaturingā€ before it's suitable to be placed into a retirement savings account. +* ā€œFor the average American, the need for retirement savings in their old age is significant,ā€ he is quoted as saying. ā€œWe are not talking about millionaires and billionaires that have a ton of other assets to draw down.ā€ +* Fidelity said that its bitcoin offering represents a ā€œcontinued commitment to evolving and broadening its digital assets offerings amidst steadily growing demand for digital assets across investor segments.ā€ +Right now, proof-of-stakes networks are becoming more and more centralized, because the \*\*same validators\*\* are validating transactions in multiple different blockchains. This has been happening for quite a while, but lately, it's becoming.... weird. + +&#x200B; + +Let me show you guys a few examples: + +&#x200B; + +&#x200B; + +**1.Figment validator** + +&#x200B; + +https://preview.redd.it/bo8ol9szbdd81.png?width=352&format=png&auto=webp&s=77312932396482b80cb81e60bd35989c7c41dd87 + +https://preview.redd.it/uewi85u1cdd81.png?width=322&format=png&auto=webp&s=762c470a1f455351668b5b5991c076d805fa5957 + +**2. stakefish** + +&#x200B; + +&#x200B; + +https://preview.redd.it/5mei1yh2ddd81.png?width=387&format=png&auto=webp&s=985e779c6d6c00f9e60c7c923603788d463cd095 + +&#x200B; + +**3. Polkachu** + +&#x200B; + +https://preview.redd.it/wr720uk9edd81.png?width=1230&format=png&auto=webp&s=7f145d49e88efa64780c96117b363577b889a6f3 + +&#x200B; + +**4. Everstake** + +&#x200B; + +&#x200B; + +https://preview.redd.it/dk7tdm2yedd81.png?width=583&format=png&auto=webp&s=0b3bd897e8b4eba173d79b206a9f3ce7fe99697f + +**5. Forbole** + +&#x200B; + +&#x200B; + +https://preview.redd.it/qsezgv4ggdd81.png?width=480&format=png&auto=webp&s=9c88d08752dada4f0c78bce601d26928bc88e986 + +**6. Infstones** + +&#x200B; + +https://preview.redd.it/5koe8d0midd81.png?width=1101&format=png&auto=webp&s=59aab784aa27bdd28da1bdd61916c5b726cc2883 + +**7. Stakely** + +&#x200B; + +https://preview.redd.it/n32yq632jdd81.png?width=499&format=png&auto=webp&s=780194194112a69e7513dba85b06a1bb1d08ce3d + +&#x200B; + +**8. Staked us** + +&#x200B; + +https://preview.redd.it/oel9ismyjdd81.png?width=1055&format=png&auto=webp&s=3170ab709f024487eccc08b09c0d5be421ad04f4 + +https://preview.redd.it/3ytupqh3kdd81.png?width=804&format=png&auto=webp&s=aa43879633b3d31d807178c3008fe06516794ae2 + +https://preview.redd.it/vjdg59k4kdd81.png?width=739&format=png&auto=webp&s=becf1bea15a4fedd0dec15380b6c6a820b476ebd + +https://preview.redd.it/g9zokhr5kdd81.png?width=747&format=png&auto=webp&s=46fc3bd51e8f0a87d5db5e79c177a085464f05ba + +**Are you guys following the pattern ?** + +Right now proof-of-stake is becoming more and more centralized, not the blockchains itself, but the validators. The **same validators** are validating across multiple different networks - and it makes sense, after all, they can have dedicated hardware/marketing team/etc just to do that, and honestly, probably it is extremely profitable. + +And it creates one huge problem: + +**We became dependent of a few set of people/companies that are validating transactions across multiple blockchains** + +And why is that a problem ? Well, first off, it becomes more and more a system we need to trust. A secondly, it stops being \*\*censorship resistant\*\*. You see, if govs across the world just wanted to delete bitcoin or monero from existence, they couldn't. They would be able to tank the price, probably, but they wouldn't have that much of an effect, because it would be very hard to keep looking for miners across the world, if not impossible. + +But validators... it should be decentralized, but it is not. You can easily see where most of these people live and honestly, you can easily track basically all the validators of a network from their websites, specially governments. It becomes so much easier from governments to become able to interfere with the blockchain and, just like that, **the censhorship resistance aspect of the blockchain technology no longer exists.** + +I know you wouldn't be able to just "delete" the blockchain by going after the validators. But you could have so much impact in basically.... **all proof-of-stake blockchains by doing so.** + +Anyways, english is not my first language, so i'm sorry for any grammar mistakes.I just wanted to share this with you guys and get some opinions on it. + +PLTR - Data Analysis, AI, Machine Learning for Terrorism/Government Use + +NIO - Potentially a solid growth company if it drops a little further + +RKT - Online Mortgage Lending, Basically what Tesla is to Gas Combustion Engines + +RDFN - someone mentioned Redfin to compliment RKT and I totally agree + +SQ - constantly moving forward in anything money, possibly interrupting the visa/mc area/CCā€™s + +FNKO - Hear me out, HUGE potential for growth. Potential buy out from Disney. Already in a partnership with them for an animated series on Disney+ + +Tesla - Because AI taxis, cars, batteries, you already know + +TikTok - Can potentially turn into a YT competitor if they allow for longer video uploads and possibly new UI design + +Roblox - kids fucking love it + +LULU - Nobody can touch Lulu, not even Nike + +Starlink - can potentially be the global supplier of WIFI (when/if it IPOs) + +I donā€™t care to invest in growth companies of the present, Iā€™m looking for growth companies of the future and I think Iā€™ve found them + +**Note:** + +**Iā€™m holding $63,000 in RKT, $40,000 in BIGC, $6000 in TTD and $6000 in GME** + +The positions above are not what Iā€™m holding. Theyā€™re what I would like to hold. + +Not sure why you guys are asking but I donā€™t really follow anyone on social media for stocks. Really only listen to myself. + +If I *had* to choose Iā€™d go with MEETKEVIN, that chicken Asian guy that likes Tesla, Steven mehr I think his name is on YouTube for macroeconomics, butimnotatrader dude just posts raw info and heā€™s right a lot, that financial advice 2 guy with the hat and probably game of trades for the TA? + +Not sure why so many people were upset at my positions, here they are: https://imgur.com/gallery/k9BCep8 +When Ryan Cohen said judge them by their actions and not their words, I'm starting to believe he was warning us about popcorn, the more their CEO says the less happens. What tipped me this way? Well the final straw was the crypto stuff he has been spouting about. Why? Well Our Chair hired a team of experts in that area and said nothing about it. A load of wrinkle brains dug deep and discovered a ton of stuff I'm too smooth brained to understand. Actions. The popcorn CEO mouths off on social about Crypto. Words...with NOTHING to back them up! I know which horse I'm backing with or without the moon! + +I've also noted a hell of a lot of downvotes to those speaking out against popcorn so fully expect the same and I don't give a monkey's! By the way this is not dividing apes, that already happened when retail threw money at popcorn, we split our financials. Imagine if it all came here......KABOOM!!!! + +Just my opinion but wanted to see if any others shared the same or similar? +Motivational plug: [https://www.youtube.com/watch?v=7\_g5zw5vRtU](https://www.youtube.com/watch?v=7_g5zw5vRtU) + +There was a post here today about taking care of yourself and if you need help reach out. The comments showed how some are going through a really bad financial time right now. Job loss, failed business ventures, legal fees, etc. Not to mention the massive inflation that is hitting everyone's wallet. + +So many comments of people saying they are considering selling their GME. Some could be FUD, some could actually be legit. + +It all makes sense, how do you get people to sell their shares? Force them to with economic pressures. + +I am not a financial advisor, but please everyone be smart. Ask yourself, what can I get rid of? Can you let go of unnecessary bills? Internet? Cell phone (and go to a pay as you go plan)? Stop eating at restaurants. Stop going out for coffee if you can make it at home. Pot of water and a 10$ pour over cup works wonders. + +Think like 1929. What you do to survive? Do it. Survive. Stay strong. MOASS is on the horizon that we are walking closer towards every. single. day. +(Edit: grammar) +Good morning Redditors, Iā€™ve very recently been introduced to the stock market by a friend of mine (whom only has a few months of experience) & was looking to get into trading/investing. Over the last several days Iā€™ve been reading up and watching as many videos on YouTube as I can consume, taking as many notes as I feel I need to. Hoping someone more experienced in the field thatā€™s either had a good amount of success and or failures can offer their best words of advice to a first timer. Iā€™m aware there is always a certain amount of risk associated any time you are playing around with the market but I know thereā€™s more mindful ways to go about. Plan on making my first trades and investments this week so any advice would be greatly appreciated! +###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 ā€˜longsā€™ liquidated - The market saw a sudden drop this morning leading to 620 millions of dollars in ā€˜liquidations.ā€™](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) +Wouldnā€™t it be great if they would all dump everything so we could see where the BTC floor really is, and start building up from there with actual investors and hodlers? It would be worth the hit in my opinion to build on a known price that couldnā€™t be manipulated lower or get rattled. +Alrighty folks, I'm back with another Fed update. Today was the FOMC statement release and speech from JPOW on monetary policy updates. Not much changed from last month in terms of large-scale asset purchases, or rate increases.... but there is one notable addition that is actually kind of a big deal: + +# The Standing Repurchase Agreement (REPO) Facility + +**SRF for short** + +[https://www.federalreserve.gov/monetarypolicy/standing-overnight-repurchase-agreement-facility.htm](https://www.federalreserve.gov/monetarypolicy/standing-overnight-repurchase-agreement-facility.htm) + +What's the big deal you're probably asking me? And what does it have to do with GME?? + +1. shut up and keep holding all the GME - but keep reading because this is bigger and will outlast any squeezes +2. this, along with everyone's favorite standing RRP facility, will act as the new backstop for monetary policy implementation by the Fed - please check out some of my posts on that if you're interested + +**Long story short, this is the other side of the coin to RRPs** \- + +the Fed gives out cash in return and the primary dealers (*only PDs right now, maybe more friends can join later*) give securities (treasuries, mortgage backed securities, and agency securities - *yeah the things they've already been buying every month*) - then the next day it gets unwound, and the assets swap back and the banks get .25% return on the value of the securities that they lent. All conducted in the Tri-Party repo exchange via the Bank of New York Mellon + +|FED|Primary Dealer| +|:-|:-| +|$$$$ + .25% ---->|<---- Security (Treasury, Agency, MBS)| + +**and then the next day it either gets rolled over, or swapped back** + +**Now you're probably wondering, WTF dude??** Why is that needed right now? Well... technically it's not. And JPOW said as much as part of the announcement + +&#x200B; + +But let me quickly introduce you all to the secondary repo market, and specifically the Repos conducted regularly by primary dealers... which we can find here, reported on a weekly basis: + +[https://www.newyorkfed.org/markets/counterparties/primary-dealers-statistics](https://www.newyorkfed.org/markets/counterparties/primary-dealers-statistics) + +If we go into Financing -> U.S. Treasury -> Securities Out -> Repurchase Agreements + +we'll see this: + +[weekly average of well over $1T in overnight\/rolled-over repos](https://preview.redd.it/96ap7qm0n1e71.png?width=679&format=png&auto=webp&s=a76300dbd31ae1dc142e536ab70176d8b3730772) + +**This is repo from the PD's perspective, so it's treasuries going OUT into the market via repo agreements - and yeah that's a lot** + +They're simultaneously bringing in about $800m in RRPs - not just from the Fed, but other participants in the secondary market as well + +[RRPs In](https://preview.redd.it/zdec93hbq1e71.png?width=688&format=png&auto=webp&s=ce0158ffaed0a936638ae6ef9140be4358e92d51) + +So yeah, that's a lot moving back and forth without the Fed's involvement. And this is just one type of security! I encourage everyone to go to that site and explore all the different financing transactions, we're talking ***TRILLIONS in $$*** *across multiple kinds of securities...* + +**everyone is freaking out about us getting closer to $1T with the Fed, and the Primary Dealers have been hitting that number for a while now... so please, can we move on from O/N RRP?** + +^(or not. I know you weirdos love it, but just know there's more out there than just that shiny number) + +# Anyway... the "theory" + +I say all this to illustrate that theory I mentioned, and **from this point it's conjecture so go with me...** + +With the new standing repo facility offering 25 basis points, coupled with very little counter-party risk (that part is key)... what if the primary dealers move some of those repo transactions out of the secondary market (*which is the best and really only option for the SHFs who so desperately need them*)... drying up what little liquidity is left...? + +**That could** ***potentially*** **be leaving some of those collateral-hungry institutions left standing with their dicks in their hands, with nothin left but a call from marge...** + +**BUT** they also very well might not use this new Repo facility right off the bat - in which case we'll just have to keep peeling back the layers of this giant shit-onion; like digging more into this secondary repo market, swaps, credit derivatives and all kinds of other fuckery. + +**So don't take this as any kind of financial advice obviously, just something to think about, maybe jack the tits a little, and watch over the next few days...** + +as always, be kind to each other, and keep on holdin! + +&#x200B; + +e - well the theory didn't pan out today, no uptick in usage with the new SRF... still something to keep an eye on! + +[https://apps.newyorkfed.org/markets/autorates/temp](https://apps.newyorkfed.org/markets/autorates/temp) +https://i.imgur.com/DJj2Rlx.jpg + +Iā€™m 28 and Iā€™ve been investing every since I was employed FT at 22. Today hits my first milestone of hopefully many where I hit 100k in my brokerage account. + +I have another 95K in my retirement account that Iā€™m also waiting for to hit 100k. + +It feels extremely good and Iā€™m looking forward to what the future holds. + +Thanks these big winners: +$AMD +$NVDA +$AAPL +$TSM +$COST +$SOFI +$LOW + +Edit: fixed Apple ticker. + +Edit2: adding brokerage + retirement link: https://i.imgur.com/LU8GYPY.jpg +I'm in my 20s and have since university, I've formed some bad financial habits including eating out for most of my meals. Once these habits led to me spending $36 on food delivery for 2 people, I realized something needed to change. + +What started off as a Whopper at BK once in a week in 2012 turned into a habit of ordering medium combos 4x a week at the drive-thru and pizza delivery. Here the amounts would be around ~$25 if I was paying to feed two of us. + +Then in 2017, I learned about food delivery apps like Skip the Dishes and Uber Eats and how convenient they were. It became a daily ritual of ordering a big meal, paying a $4 delivery fee as well as a tip on top of a $20-30 dollar meal. I had tried deleting the apps and often found myself easily reinstalling and the apps would remember my credit card info. + +Some courage led to me finally taking a look at my numbers and it was shocking to learn that I was spending upwards of $900 a month on food. Groceries were included but those would often go to waste because ordering food from my phone was such a routine, I didn't need to open the fridge door. + +After being self-aware of my spending, I set limits for myself. I would keep the apps, look at them if I needed to, but I would not order. Instead I would order Dominos if I had an intense craving and remind myself of how I would feel the next morning if I did just that. + +Results: + +In a 50-day period including today, I have only ordered Dominos twice, spending $40 in total. + +Within the past 50 days, I've spent $0 on food delivery. + +Takeout: $150 +Groceries: $350 + +This gives me more $$ to save instead. + +My SO never supported me ordering food delivery but I always fed him to be fair. Now he is very supportive of getting groceries as he knows they are not going to waste. We have made more meals together and are enjoying the time spent making them. We can improve by making salads and other healthy meals as we have been digging into ice cream at home (solving the problem of food delivery can lead to new problems when grocery shopping but that'a a different story). + +If anyone can relate to this, just know that it is never too late to form better habits. I now have over $5000 in savings and there's potential for so much more if I can keep cutting food expenses. + +If you're spending enormous amounts of $$ on takeout or delivery, focus on small improvements, like ordering a $20 meal instead of $30 or ordering three times a week instead of five times. + +Believe that you can develop better habits, and get yourself back up again if you did slip. I'm restricting myself by not even ordering in, but it is okay if you do moderately. +So I must be overlooking something, but what prevents me from giving my parents my investment $$ and investing in assets under their name? + +Ex: I want to buy a $500K house. I give my $100K downpayment to my parents who buy the house, technically as their investment property. I live in it and pay "rent"/the mortgage to them. If the house appreciates to $1M & I sell it at $1M, I pay CG on $500K(excl. primary residence $250K deduction). If I inherit it, then the cost basis is now $1M & no profit & no CG tax right? Same idea for stocks etc. + +Estate tax is the main consideration that I think would affect this right? +Back in Jan 2020, I had posted asking for advice on how to diversify my NW - [https://www.reddit.com/r/fatFIRE/comments/epj9wz/looking\_for\_investment\_strategy\_advice/](https://www.reddit.com/r/fatFIRE/comments/epj9wz/looking_for_investment_strategy_advice/) + +I wanted to share an update, basically a milestone and ask for feedback on whatelse I could be doing differently. 'About me' details are in the previous post. + +My NW has increased faster than I was expecting and it mostly has to do with the stock market. + +**Jan 2020 Net Worth**: 1.8M USD \[Cash: 150k, Real estate land: 180k, ETF investments: 300k, 401k: 340k, Europe Pension: 100k, company RSUs: 800k\] + +Today's Net Worth: 3.36M USD \[Cash: 157k, Real estate land: 230k, ETF investments: 953k, 401k: 451k, Europe Pension: 238k, company RSUs: 1.29M\] + +Since my initial posts, I have stopped counting unvested RSUs as part of my NW and I also don't count crypto. So my real NW is 2.91M USD. + +To explain the numbers a bit: + +1. Cash: Includes my US HSA (30k) and about 50k that I will be investing into Crypto & ETFs over the next month +2. company RSUs: there have been grants since Jan 2020 and the price has also doubled since Jan 2020. So despite selling off some to move into regular ETFs, my RSU value has increased quite a bit. This is actually one of my challenges with diversifying away from my company RSU's - the growth rate here is nothing like my ETF portfolio. Logically I understand the necessity of diversification, but my NW would have been higher if I had not sold RSUs since Jan 2020. +3. ETF investments: I have a decent portfolio spread across US, World minus US, Emerging Markets etc. I have about 10k in individual stocks like TSLA, AMZN, GME etc, but don't have much of an appetite to explore individual stocks. Almost all my ETFs are Vanguard based, don't see this as an issue - unless someone disagrees? +4. 401k growth is purely appreciation in the stock market, as a non-USC & non-US resident I don't have any contributions going in. In the back of my mind I keep wanting to look into converting to Roth but haven't prioritised this and unclear if its even feasible. +5. EU Pension: I have monthly contributions here and unlike 401k I don't have any control on the distribution, so this is mostly for tax savings. +6. Annual expenses & SR - averages around 60k USD & \~60%. I could be tighter with my expenses. For e.g. my rental expense is 50% of my annual expenses but the privacy and the space was a boon during covid & working from home. + +Portfolio mix (excluding RSUs, Europe Pension): + +* 10% in REETs +* 30% in US Large cap +* 2% in EU +* 7% in Emerging Markets +* 50% in World minus US +* 1% in US small cap + +My Jan 2020 goal was to hit 3M NW by 2024 to reach FI. I will probably hit that by end of August, if not September this year. I am considering switching companies but the city/ country I am located in has limited tech opportunities and applying for non-tech domains has not garnered much response. I am also finding it hard to make any attempts to 'downgrade' or 'slowdown' my career progress. + +I applied for a promotion earlier this year, was declined. Hit burnout, medically diagnosed and went on a month of leave. Really appreciated the time off to disconnect & slow down. But knowing I would start working again was both reassuring & stressful. I am actively trying to scale down/ not push myself as much/ coast in my present job. But I'll probably try again for promotion next year. + +I am not sure what my new FI goal is, but the 10M USD range mentioned in this subreddit as the minimum Fatfire range seems a lot more achievable (assuming the growth rate over the past 20 months sustains, though unlikely) just in a few years. + +Feedback requested: + +1. I still have a lot of RSU's to divest and reinvest - this has been slower going than I like. Its only down from 32% of my NW to 30% of my NW. What's an ideal % of my NW to aim for here? +2. Any advice on the portfolio mix of ETFs I have? +3. While I could purchase a primary residence for myself with a mortgage, its an inflated market with below 1% interest rates. I am hesitant to liquidate for the purposes of downpayment and the appreciation is not high enough in my opinion to warrant when the market is doing so well. But, its not like I can time the market to divest before a collapse and reinvest in real estate. +4. I do have some Dividend generating ETFs - High yield and regular. This would net me about 10k USD this year. I am unclear on whether I should increase my investment in these ETFs - i.e. aim to increase my annual dividend income at the cost of ETF appreciation rate when I am unclear on any RE plans. Any collective wisdom on this? +5. While planning for RE is super tempting, I don't feel I'll be ready to pull the plug. If I want to RE in Europe, I need to either become a citizen (ETA 8 years) or go the route of 'buying' citizenship through investment in Portugal or some other EU country. I hold citizenship in a Asian country and while thats LCOL, I feel the ship has sailed on me comfortably settling back there. I do enjoy the lifestyle here in Europe much more than I did in US. This is more of a personal decision I need to make, but has contributed to my uncertainty about setting a FI target or making more concrete RE plans. + +Any and all criticism/ feedback appreciated. + +TIA +Hey guys, I'm new (ish) to investing my and have another $120k, that I'm looking to put into an ETF for a higher salary later in life (currently I'm 24), but I'm seeing so much speculation around a potential market crash? looking for some wisdom to the best way of going about this. +Long story short, dude was driving someone else's car without a valid license and rear ended me at a red light because he was distracted. I took pictures of my car and his in the road, then we moved over to a parking lot to call police. He was cited, the owner of the car has insurance and gave him permission to drive so that insurance will pay for my damages. Here's the thing, it's the same insurance company I have so I'm a little concerned about a conflict of interest when I'm talking to them. My car is a 2014 and took relatively little damage. Scratches, scrapes, a puncture to the bumper, and the plastic (?) under part on the bumper is completely caved in. IF it's completely cosmetic and doesn't undermine my warranty or anything (like questionable structural stability and my safety going forward) then I wouldn't be adverse to a cash payout. I plan on having this car another 10 years and I fully expect (living in my ghetto ass city) to get dinged and kissed a few times in parking lots (happened to both my last vehicles). I have an appointment with my insurance guy at a local car place that they chose in like 3 weeks (earliest I could get in) and it's just for the appraisal. He told me that at that time I would get a quote and we would talk about the options, either getting it completely repaired, or taking a cash payout. I have no injuries, my car is completely driveable, and aside from being a huge inconvenience I haven't lost work or any wages or anything. So i'm not looking to boost the payout or get some kind of settlement. The only iffy thing is I had a drink in the cup holder and I didn't realize but it splashed up and hit the roof of my car and stained it a bit (seriously I cleaned it off the seats immediately but how the fuck did it splash 3 ft up lol?) so is that even worth mentioning? My car was relatively spotless before this. What do you guys think I should do? What questions should I ask? Should I take it in to a local place and get an opinion before going to my insurance peoples place? It goes against my personal beliefs to waste money getting cosmetic issues repaired, and even knowing this impacts the overall value of my newish car I don't care because I plan on driving it for years to come. But what if I get hit again (a distinct possibility in my area) and then wont fix it because I have existing damage? Guys I'm just really split 50/50 on this I don't know wtf Im doing. + + + +edit: Well I did not expect this to get more than a comment or two. I learned a lot! Thank you all for your comments, insights, experiences, and professional advice! I've tried to keep up with the comments but there just got to be too many, but I did read them ALL. I will be getting more than one opinion locally, I will most likely get the repair and try to get reimbursement for the interior that got stained as well as potentially payment for "diminished value" (which I didn't know about before today). I'm really really glad I posted this. I couldn't find anything like it on reddit and google seemed to be full of people saying how to boost a settlement, not whether or not to take one. I came to this sub specifically because other subs like r/caraccidents and stuff seemed kind of dead and the most similar posts came from here and I'm glad I did! In a few weeks I'll try to remember to post an update letting everyone know what the outcome was, both for y'alls benefit and anyone who might find this post helpful for reference. +I swear to god if I read another article about Buffett buying Snowflake or another business that he obviously does not understand I am going to blow a gasket. There are at least 4 lieutenants that are buying positions other than Buffett and Charlie. + +People writing these articles are either too lazy to do enough research to realize that Warren Buffett is not the only person that allocates capital in Berkshire Hathaway or they are purposefully misinforming the readers of their articles to increase readership. Both of these in my opinion should disqualify them from trying to inform the masses about investing. + +The stake they bought in Snowflake was less than $1 billion. In relationship to the amount of cash on hand in berkshire that is the equivalent of the $50 bet you make on the Browns to go to the Super Bowl. It is a small drop in the bucket. + +TL;DR Saying Buffett is buying something is not the same thing as Berkshire Hathaway is buying something +We're considering paying off our loans as early as tonight or tomorrow night. The only thing we're worried about is dropping our emergency fund down to $10k. Are we being irrational? + +Wife's loans: $7k @ 6.8% + +My loans: $15k @ 5% (Variable) + +We both have pretty secure jobs, so I imagine we would be able to build the fund back up by the end of the year. It's just tough to lose that large cushion. + +We're also planning to move to a new apartment by the end of May and we'll incur some expenses there. +Seeking advice from options veterans. I started trading options maybe about 6 months ago with $300 and turned in into $4,000. I guess thatā€™s what they mean when they say your first one is free. i canā€™t seem to do anything but lose money lately, or stay flat. Seriously, how do you guys do this? iā€™m here looking for advice on how to grow as an options trader. Any book recommendations would be super helpful. Iā€™ve stepped away from options and am just holding stocks long term. Ideally i want my portfolio to be about 85% stocks, 15% options in the future. so how did yall get good at this? +First off, my apologies if this is on this subreddit already. I searched but could not find anything. + +I got into a not-at-fault collision with a Maserati on Thursday. The Maserati pulled out in front of me trying to make a left-hand turn on a road and was determined at-fault by police. So that's not a question at all. + +My question is if I accept his settlement (my bumper was banged up), do I need to go through with repairs? I called around and got quotes for a new bumper, plus a day rental for when it's "in the shop," but I don't plan on having it repaired. The car is worth about $6,000 tops and it doesn't make sense for me to throw $1,000 into it for a banged up bumper. Now, the guy who gave me the money (it's already been completed ā€” $1,130 ā€” is asking for a receipt to show I got the repairs done. Am I obligated to show him that? +Currently a college junior, and I plan on graduating in May of '22 so about 2 years of school left. I have about 2k ($1989.42, to be precise) that I can risk trading. My plan would be to buy a stock and hold it 2years, so when I graduate from school, I'll have a great start start on my student loans payment. Also by holding it longer, I won't have to pay as much in taxes. + +I am trying to find a stock where I can buy in and just forget about it for a year or two. + +I want to get into $TLSS(closing pps as of 6/10/20=0.067), but the price is too high especially with what I see is dilution coming out that'll only lower the pps, which would be a good buy in point. + +I haven't seen many people talk about long term holds on this sub, so hopefully this will spark some good discussions. I'm curious to see what you guys think about a long term hold of a penny stock. Either OTC or NASDAG market are great discussion points. The lower pps the better! + +&#x200B; + +edit: I am not an english major and realized I spelt some words wrong. + +Edit #2: Wow, Iā€™m happy to see such a large response here, Iā€™m glad you all have answered and have even pointed out other ways to do it. I appreciate it guys +I donā€™t care if you are a Solana fan, ETH moonboi, Bitcoin or bust, etc + +The time to end tribalism is now. + +The church of Charles Hoskinson (yes that guy many of you love to hate) just blessed us with a video and I really think you need to watch it. + +https://youtu.be/a2IP9ApZuUU + +Basically the government is about to pass this ā€œAmerica Competesā€ bill under the guise of staying competitive against China. Itā€™s a load of crap. The bill sneaks in a part where the secretary of Treasury (Janet Yellen) will have full control to just ban assets at will. + +That means she can ban ALL of crypto or just certain ones in particular. She can wake up and say hey no more ETH trading in America. Exchanges will have to comply. This is serious. + +I normally donā€™t post because Iā€™m not good with all the formatting and pretty pictures but this is so fucking serious guys. Stop with the stupid tribalism, stop acting like children. Now is the time to come together and reach out to the people who live off our tax dollars that are supposed to serve us. + +When you follow the money guess whoā€™s lobbying so hard for this to pass? Ding ding ding : the Goldman Sachs Mafia. Banks are finally trying to put the nail in the coffin for crypto. + + +TLDR: stop bickering for one moment and pay attention to this BS legislation thatā€™s about to change crypto. Also fuck off and read my shit, itā€™s like 10 sentences. +There is a nationwide housing boom. Labor is in short supply. If you are physically capable of doin the work, consider construction. Look for companies near you that do any of the following: plumbing, electrical, painting, flooring, drywall, framing, concrete, landscaping, or roofing. Your odds of getting a job with one of them are higher than other industries. + +Also, consider being a cell-tower technician if youā€™re not afraid of heights. Always work to be found maintaining critical infrastructure. I did this for years before finding my current path. Itā€™s tough work, but pays enough to more than survive. + +Good luck to you all! + + +Edit: if you live in Colorado and are interested in this. Look up the Colorado Homebuilding Academy. It is sponsored by the construction industry. They will train you, provide you tools, and it is FREE of charge if you go to work in construction when you are finished. + +www.cohomebuildingacademy.org +Good Saturday morning to all of you here on r/stocks. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead. + +Here is everything you need to know to get you ready for the trading week beginning March 29th, 2021. + +# **The end of the quarter could create volatility for markets in the week ahead - [(Source)](https://www.cnbc.com/2021/03/26/the-end-of-the-quarter-could-create-volatility-for-markets-in-the-week-ahead.html)** +***** +> Stocks could be buffeted by end-of-quarter trading in the week ahead, as pension funds and other big investors buy bonds and sell stocks to rebalance their portfolios. +***** +> The dramatic move higher in bond yields this quarter sets up fund managers to shift their holdings, to make up for the shortfall in bond holdings. +***** +> The focus in the coming week could turn to the overall economy, with the March employment report expected Friday and the White Houseā€™s infrastructure plans expected to be unveiled Wednesday. There is also ISM manufacturing data released on Thursday. +***** +> The March jobs report is scheduled for a morning when the stock market is closed for the Good Friday holiday, but bonds will trade half a day, ending at noon. Economists expect 630,000 jobs were added in March, and the unemployment rate fell to 6% from 6.2%, according to Dow Jones. +***** +> President Joe Biden is expected to unveil details of his $3 trillion to $4 trillion infrastructure plan on Wednesday in Pittsburgh, but strategists say it is too soon to say what form the plan could take or how large it will be in its final form. +***** +> Stocks were higher in the past week, while Treasury yields were less volatile. The closely watched 10-year was at 1.67% Friday, down from 1.75% in the prior week. Yields move opposite price, and strategists expect rates to continue to slip in the coming week as investors rebalance their holdings. +***** +> ā€œItā€™s the last week of the quarter so there could be just a lot of noise related to that,ā€ said Peter Boockvar, chief investment strategist at Bleakley Advisory Group. ā€œObviously, weā€™ll be keeping an eye on bonds. The 10-year now seems to be in a range of 1.60% to 1.70%. I think people are just trying to find their footing here. Theyā€™re trying to figure it out.ā€ +***** +> Some strategists say the quarter-end trade could end up being positive for stocks, especially big cap tech, since rates have stopped moving higher temporarily. +***** +> Stocks are higher for the quarter so far. The S&P 500 was up 1.6% for the week and up 5.8% for the quarter to date. The Dow was up 1.4% for the week, and has an 8% gain for the first quarter so far. The Nasdaq has been the laggard, falling 0.6% for the week and up 1.9% for the quarter. +***** +> Bonds have staged a much more dramatic move for the quarter with the benchmark 10-year yield rising from 0.93% at the end of last year. +***** +> ā€œItā€™s in the driverā€™s seat right now,ā€ said NatWestā€™s Blake Gwinn of the 10-year yield. The 10-year is the most widely followed yield since it influences mortgages and other key financing rates. +***** +> Gwinn, head of U.S. rates strategy, said he changed his view on the 10-year and he now expects the yield to reach 2% by year-end from 1.75%. But in the near term, he said, the yield could continue to fall as big funds buy Treasurys. Japanese investors are also expected to be active buyers around their year-end, which is Wednesday. +***** +> ā€œIf anything, weā€™re really hoping it continues to push yields a little lower, so it gives us a better spot to get involved in shorts again,ā€ he said. +***** +> # Infrastructure plan +> Gwinn said he is focused on the Biden infrastructure plan and does not believe it is yet priced into the market. The $1.9 trillion fiscal plan, just signed by the president, was one driver of bond yields, as investors weighed the anticipated bump in economic activity and higher debt levels it will bring. +***** +> ā€œThe Biden plan to me is the biggest risk for the Treasury market right now. I donā€™t have what is the full Biden plan happening this year priced in to my ... forecast,ā€ he said. ā€œIf all of a sudden we start moving quickly on that, and that starts coming together in Q2, Iā€™m going to have to reconsider my 2% target.ā€ +***** +> Gwinn said the market has ā€œfiscal fatigue.ā€ +***** +> ā€œThereā€™s a lot of doubt and uncertainty about how itā€™s going to be passed, when itā€™s going to be passed and whether itā€™s going to be passed ... Itā€™s not tangible enough,ā€ he said. +***** +> The plan is expected to span multiple years, and Democrats are expected to seek tax hikes to pay for it. +***** +> # Rotation +> The rotation into cyclicals and value stocks is expected to continue into the next quarter. For the first quarter so far, energy and financials were the best performers, up about 33% and 16.5% respectively. Tech was up 1.7%, but it was a better performer than utilities and consumer staples. +***** +> ā€œI think certain parts of the market have plenty of upside but part of that may come at the expense of the growth stocks,ā€ said Dan Suzuki, deputy CIO at Richard Bernstein Advisors. He also expects growth stocks to continue to react negatively to rising interest rates and positively when they fall. That trade decoupled somewhat in the past week. +***** +> ā€œItā€™s not going to match one for one with every wiggle,ā€ he said. ā€œI think the basis behind it is real. If you think rates are going to get up to 2% by the end of the year, thatā€™s really bad for expensive high-growth names. The markets care less about absolute levels and more about direction. The higher rates go, the worse it is for high multiple stocks.ā€ +***** +> Suzuki said the rise in rates is knocking some of the froth out of the market. The stocks of special purpose acquisition companies, or SPACs, had been jumping on their first days of trading in February, averaging more than 5% gains, and saw no gain in March, according to data from a University of Florida finance professor. +***** +> ā€œAs weā€™re seeing the economy get better and better at an incredible fast rate, especially when you add on stimulus, you have companies that are going to benefit most from that acceleration, that are going to be up 2X, 3X plus,ā€ he said. ā€œTo their credit, those high multiple growth stocks were so resilient last year ... Tech earnings growth is coming in at mid-teens next year, but again, the more cyclical parts of the economy ā€” energy, materials, industrials, small caps, theyā€™re going to put up much stronger earnings growth this year as a result of the recovery. +***** + +# **This past week saw the following moves in the S&P:** +###### **([CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!](https://i.imgur.com/vO6bgbd.png))** + +# **S&P Sectors for this past week:** +###### **([CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!](https://i.imgur.com/DHyy0jK.png))** + +# **Major Indices for this past week:** +###### **([CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!](https://i.imgur.com/r9toVhW.png))** + +# **Major Futures Markets as of Friday's close:** +###### **([CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!](https://i.imgur.com/WsvEjsM.png))** + +# **Economic Calendar for the Week Ahead:** +###### **([CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!](https://i.imgur.com/Yifrz8S.png))** + +# **Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/ciosFuJ.png))** + +# **S&P Sectors for the Past Week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/mlnREkj.png))** + +# **Major Indices Pullback/Correction Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/CtwxDvI.png))** + +# **Major Indices Rally Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/DIpCmjL.png))** + +# **Most Anticipated Earnings Releases for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/a57hPvk.png))** + +# **Here are the upcoming IPO's for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/up2SDlt.png))** + +# **Friday's Stock Analyst Upgrades & Downgrades:** +###### **([CLICK HERE FOR THE CHART LINK #1!](https://i.imgur.com/16Psc5m.png))** +###### **([CLICK HERE FOR THE CHART LINK #2!](https://i.imgur.com/TSJJQus.png))** +###### **([CLICK HERE FOR THE CHART LINK #3!](https://i.imgur.com/pLkbs1k.png))** + +***** + +> # April Almanac: Top DJIA Month ā€“ Up 15 in a Row + +> April marks the end of the ā€œBest Six Monthsā€ for DJIA and the S&P 500. The window for our seasonal MACD sell signal opens on April 1st. From our Seasonal MACD Buy Signal on November 5, 2020 through yesterdayā€™s close, DJIA was up 16.3% and S&P 500 had advanced 13.2%. These above average gains are encouraging and suggests seasonality is back on track after getting derailed by Covid-19 last year. + +> April 1999 was the first month to gain 1000 DJIA points. However, from 2000 to 2005, ā€œTaxā€ month was hit, declining in four of six years. Since 2006, April has been up fifteen years in a row with an average gain of 2.9% to reclaim its position as the best DJIA month since 1950. April is second best for S&P and fourth best for NASDAQ (since 1971). + +> The first half of April used to outperform the second half, but since 1994 that has no longer been the case. The effect of April 15 Tax Deadline (moved to May 17 for 2021) appears to be diminished with numerous bullish days present on either side of the day. Traders and investors are clearly focused on first quarter earnings and guidance during April. + +> This year, guidance is likely to be the greatest focus as the economy continues to reopen. Traders and investors will likely be looking for signs that ā€œwork-from-homeā€ stocks can continue to grow and signs that leisure, hospitality, and travel are rebounding. + +> Typical post-election year blues have done little to damper Aprilā€™s performance since 1953. April is DJIAā€™s second best month in post-election years, gaining 1.9% on average. April is fourth best for S&P 500 and NASDAQ. Although post-election year 2005 did suffer a 3% DJIA decline. + +> ###### **([CLICK HERE FOR THE CHART!](https://64.media.tumblr.com/9044f7ae02c5c0f0137bff0911ef7cb6/1367b75d549eb11f-fe/s400x600/d969c7c83e5a15cfb4c671e0a9ca959aa6c9fc54.jpg))** + +***** + +> # Historic Year for the S&P 500 + +> Tomorrow will mark the one-year anniversary of the S&P 500's closing low from the COVID crash, and for most stocks in the index, it has been a historic year. Within the S&P 500, stocks in the index are up an average of 104.22% through Friday's close, and just three stocks - all from the Health Care sector - are actually lower. Leading the losers, Gilead (GILD) has declined over 10%. Recall that GILD performed well during the initial stages of the pandemic on the promising results of its drug Remdesivir in treating COVID patients, but once the market started to rally, it was left behind. + +> The table below lists the top 25 performing stocks in the S&P 500 since the closing low on 3/23/20. Topping the list with a gargantuan gain of 763% is ViacomCBS (VIAC). After trading below $12 per share last March, the stock is close to triple-digits today. Behind VIAC, Tesla (TSLA), L Brands (LB), Etsy (ETSY), and Freeport-McMoRan (FCX) round out the top five, and all have gained in excess of 500%. Interestingly enough, despite the strength of the sector for what seems like years now, the only stock on the list from the Technology sector is Enphase Energy (ENPH). In fact, after ENPH, you have to go all the way down to the 53rd spot to find the next stock from the Technology sector (Applied Materials - AMAT, +186%). + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/03/032221-best-stocks1.png))** + +> Leading the way higher, stocks in the Consumer Discretionary and Energy sectors are both up an average of over 150%, while Consumer Staples and Utilities are the only two sectors where each one's components are up an average of less than 50%. Just to the right of the S&P 500 in the chart below is the Technology sector which is one of five sectors where the average performance of its components is less than 100%. A gain of 96.1% in a year is nothing to sneeze at in any market environment, but just the fact that the average performance of stocks in the Technology sector since the March lows is now lower than the average of the S&P 500 illustrates the shift we have seen since the sector's peak relative strength last fall. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/03/032221-Sector-table.png))** + +***** + +> # The Big Winner of the Past Year: Commodities + +> It has been just over a year since the S&P 500 Index bottomed on March 23, 2020, and while global stock markets have provided historic returns since the low, the biggest winners come from a completely different asset class: commodities. As global activity quickly ground to a halt, commodity prices plummeted, with oil prices even trading for a negative value for the first time in history. + +> Since March 23, 2020, commodity markets have roared back as the global economy has emerged from the shadow of COVID-19. As shown in the LPL Chart of the day, oil and lumber prices have more than doubled off the lows, while copper prices have pulled back a bit after reaching that feat back in February: + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2021/03/3.25.21-Blog-Chart-1.png?ssl=1))** + +> ā€œAfter likely their worst period in history, although I wasnā€™t around for the bubonic plague so I canā€™t be certain, commodity prices have roared back as the global economy continues to wake up,ā€ added LPL Financial Chief Market Strategist Ryan Detrick. ā€œThe US and China are well ahead of other nations in terms of economy activity and output, so as the rest of the world plays catch up, we wouldnā€™t be surprised to see commodities rise even further.ā€ + +> The emergence from lockdowns and subsequent increase in activity has boosted prices from the outright deflationary environment we saw last spring, to a more reflationary environment in recent months, and this has pulled commodity prices along with it. The commodity marketā€™s top performer, lumber, has seen a particular boom in prices as the ā€œstay at home environmentā€ benefitted the housing market, leading to all-time highs in housing starts in Decemberā€”even surpassing the high water mark set before the pandemic began. Adding to the fervor, mortgage rates continued to set record lows, falling as low as 2.82%, according to the Bankrate 30-year national average. + +> We upgraded our view on oil in our January Global Portfolio Strategy publication, as strong technical factors favored prices to accelerate higher. Further, oil prices have continue to benefit from a favorable supply environment, with OPEC+ maintaining output until global demand rises, though the risk of a global increase in production at higher prices remains a risk to our view. + +***** + +> # Mean Reversion After Biggest 1-Year Spike Since 1949? + +> ###### **([CLICK HERE FOR THE CHART!](https://64.media.tumblr.com/5689a720ed84d38815a99feebc905f12/e0f60c4ce9518235-5d/s500x750/0ac0150b41e963199a102d356909aac776eb265d.jpg))** + +> Lots of chatter out there about the giant 1-year gain of 75% on the S&P 500 from the March 23, 2020 low ā€“ actually itā€™s 74.78%. It may very well be the beginning of a new bull market, but that does not mean (pun intended) that we should expect gains like these moving forward. + +> We ran the numbers on the 1-year rolling returns for the S&P 500 back to 1949 and while these giant spikes do come at the early stages of extended bull runs gains of this magnitude have not been sustained and the market has tended to revert to the mean. The arithmetic mean or average rolling 1-year return since 1949 is 9.15%, which isnā€™t bad either. + +> With lingering pandemic/vaccine and political and geopolitical issues, all the noise from the Fed and the bond market, Robinhood and Reddit stock pumping, rich valuations, teetering internals, extended technicals ā€“ and the end of the Best Six Months November-April on the horizon, it is not inconceivable to expect the market to consolidate over the Worst Six Months May-October (AKA ā€œSell in Mayā€). + +> Last time we had a 1-year rolling return of this magnitude in 2010 when the S&P was up 68.57% on March 9, 2010 from the March 9, 2009 secular bear market low we had a 10.34% correction to the July 2, 2010 low and a 15.75% rolling 1-year return from March 9, 2010 to March 9, 2011. And letā€™s not forget the May 6, 2010 flash crash. So while we are by no means ā€œbearishā€ perhaps a little caution and portfolio defense in the near future is not a crazy idea. + +***** + +# **STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending March 26th, 2021** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!]())** +(VIDEO NOT YET POSTED.) + +# **STOCK MARKET VIDEO: ShadowTrader Video Weekly 3.28.21** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!]())** +(VIDEO NOT YET POSTED.) + +***** + +###### **([CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!](https://i.imgur.com/a57hPvk.png))** +###### **([CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!](https://i.imgur.com/7ZBW7kO.png))** +###### **([CLICK HERE FOR THE MOST ANTICIPATED EARNINGS RELEASES BEFORE MONDAY'S MARKET OPEN!]())** +(N/A.) + +***** + +Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: + +***** + +> # ***Monday 3.29.21 Before Market Open:*** +> ###### ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/KCFoZ0p.png)) + +> # ***Monday 3.29.21 After Market Close:*** +> ###### ([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!](https://i.imgur.com/A79uQcQ.png)) + +***** + +> # ***Tuesday 3.30.21 Before Market Open:*** +> ###### ([CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/JTM92oZ.png)) + +> # ***Tuesday 3.30.21 After Market Close:*** +> ###### ([CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/CO3uIVi.png)) + +***** + +> # ***Wednesday 3.31.21 Before Market Open:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/T13r2c7.png)) + +> # ***Wednesday 3.31.21 After Market Close:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/4o0Mk0k.png)) + +***** + +> # ***Thursday 4.1.21 Before Market Open:*** +> ###### ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/EE7bg7B.png)) + +> # ***Thursday 4.1.21 After Market Close:*** +> ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/SWonNMB.png)) + +***** + +> # ***Friday 4.2.21 Before Market Open:*** +> ###### ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]()) +(NONE.) + +***** + +> # ***Friday 4.2.21 After Market Close:*** +> ###### ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) +(NONE.) + +***** + +> # BlackBerry Limited $9.63 +**BlackBerry Limited (BB)** is confirmed to report earnings at approximately 5:05 PM ET on Tuesday, March 30, 2021. The consensus earnings estimate is $0.03 per share on revenue of $246.36 million and the Earnings Whisper Ā® number is $0.05 per share. Investor sentiment going into the company's earnings release has 68% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 66.67% with revenue decreasing by 12.64%. Short interest has increased by 27.2% since the company's last earnings release while the stock has drifted higher by 23.0% from its open following the earnings release to be 35.2% above its 200 day moving average of $7.12. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, March 23, 2021 there was some notable buying of 5,536 contracts of the $11.00 call expiring on Thursday, April 1, 2021. Option traders are pricing in a 11.0% move on earnings and the stock has averaged a 12.0% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=BB&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Micron Technology, Inc. $87.99 +**Micron Technology, Inc. (MU)** is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, March 31, 2021. The consensus earnings estimate is $0.96 per share on revenue of $6.20 billion and the Earnings Whisper Ā® number is $1.00 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat The company's guidance was for earnings of $0.68 to $0.82 per share. Consensus estimates are for year-over-year earnings growth of 113.33% with revenue increasing by 29.25%. Short interest has decreased by 26.1% since the company's last earnings release while the stock has drifted higher by 6.6% from its open following the earnings release to be 40.1% above its 200 day moving average of $62.82. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, March 16, 2021 there was some notable buying of 13,152 contracts of the $90.00 call expiring on Friday, July 16, 2021. Option traders are pricing in a 3.7% move on earnings and the stock has averaged a 5.6% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=MU&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Chewy, Inc. $78.66 +**Chewy, Inc. (CHWY)** is confirmed to report earnings at approximately 4:10 PM ET on Tuesday, March 30, 2021. The consensus estimate is for a loss of $0.09 per share on revenue of $1.96 billion and the Earnings Whisper Ā® number is ($0.02) per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 40.00% with revenue increasing by 44.70%. Short interest has decreased by 16.8% since the company's last earnings release while the stock has drifted higher by 0.8% from its open following the earnings release to be 8.9% above its 200 day moving average of $72.21. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, March 26, 2021 there was some notable buying of 12,124 contracts of the $75.00 put expiring on Friday, April 16, 2021. Option traders are pricing in a 6.3% move on earnings and the stock has averaged a 5.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=CHWY&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # lululemon athletica inc. $314.00 +**lululemon athletica inc. (LULU)** is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, March 30, 2021. The consensus earnings estimate is $2.49 per share on revenue of $1.66 billion and the Earnings Whisper Ā® number is $2.59 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 9.21% with revenue increasing by 18.78%. Short interest has increased by 31.2% since the company's last earnings release while the stock has drifted lower by 14.3% from its open following the earnings release to be 8.1% below its 200 day moving average of $341.55. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, March 26, 2021 there was some notable buying of 1,135 contracts of the $340.00 call expiring on Thursday, April 1, 2021. Option traders are pricing in a 3.8% move on earnings and the stock has averaged a 5.9% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=LULU&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # BioNTech SE $95.76 +**BioNTech SE (BNTX)** is confirmed to report earnings at approximately 7:15 AM ET on Tuesday, March 30, 2021. The consensus estimate is for a loss of $0.18 per share on revenue of $226.94 million and the Earnings Whisper Ā® number is ($0.23) per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 37.93% with revenue increasing by 632.09%. Short interest has decreased by 41.5% since the company's last earnings release while the stock has drifted lower by 12.9% from its open following the earnings release to be 8.0% above its 200 day moving average of $88.65. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, March 17, 2021 there was some notable buying of 1,006 contracts of the $135.00 call expiring on Friday, April 30, 2021. Option traders are pricing in a 3.6% move on earnings and the stock has averaged a 4.9% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=BNTX&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Walgreens Boots Alliance Inc $52.03 +**Walgreens Boots Alliance Inc (WBA)** is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, March 31, 2021. The consensus earnings estimate is $1.14 per share on revenue of $35.48 billion and the Earnings Whisper Ā® number is $1.27 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 25.00% with revenue decreasing by 0.95%. Short interest has decreased by 21.7% since the company's last earnings release while the stock has drifted higher by 18.1% from its open following the earnings release to be 23.5% above its 200 day moving average of $42.12. Overall earnings estimates have been unchanged since the company's last earnings release. On Wednesday, March 24, 2021 there was some notable buying of 2,558 contracts of the $57.50 call expiring on Friday, May 21, 2021. Option traders are pricing in a 3.3% move on earnings and the stock has averaged a 5.1% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=WBA&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Kandi Technolgies $5.93 +**Kandi Technolgies (KNDI)** is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, March 30, 2021. The consensus estimate is for a loss of $0.08 per share on revenue of $33.10 million. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 42.86% with revenue decreasing by 46.47%. Short interest has increased by 18.0% since the company's last earnings release while the stock has drifted lower by 34.3% from its open following the earnings release to be 17.7% below its 200 day moving average of $7.21. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, March 12, 2021 there was some notable buying of 6,400 contracts of the $5.00 put expiring on Friday, April 16, 2021. Option traders are pricing in a 21.2% move on earnings and the stock has averaged a 5.3% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=KNDI&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # CarMax, Inc. $133.81 +**CarMax, Inc. (KMX)** is confirmed to report earnings at approximately 6:50 AM ET on Thursday, April 1, 2021. The consensus earnings estimate is $1.27 per share on revenue of $5.15 billion and the Earnings Whisper Ā® number is $1.51 per share. Investor sentiment going into the company's earnings release has 58% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 2.31% with revenue increasing by 3.78%. Short interest has decreased by 45.9% since the company's last earnings release while the stock has drifted higher by 38.5% from its open following the earnings release to be 29.8% above its 200 day moving average of $103.11. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, March 24, 2021 there was some notable buying of 1,123 contracts of the $132.00 call expiring on Thursday, April 1, 2021. Option traders are pricing in a 4.1% move on earnings and the stock has averaged a 6.0% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=KMX&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # McCormick & Company, Incorporated $90.21 +**McCormick & Company, Incorporated (MKC)** is confirmed to report earnings at approximately 6:30 AM ET on Tuesday, March 30, 2021. The consensus earnings estimate is $0.57 per share on revenue of $1.37 billion and the Earnings Whisper Ā® number is $0.59 per share. Investor sentiment going into the company's earnings release has 49% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 47.22% with revenue increasing by 13.04%. Short interest has increased by 12.2% since the company's last earnings release while the stock has drifted lower by 0.9% from its open following the earnings release to be 2.9% below its 200 day moving average of $92.92. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 4.2% move on earnings and the stock has averaged a 3.6% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=MKC&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# DISCUSS! + +What are you all watching for in this upcoming trading week? + +***** + +I hope you all have a wonderful weekend and a great week ahead r/stocks. +Oh no! Bitcoin uses more energy than a small country. + +Oh No! Banks are trying to regulate Bitcoin + +Oh no! Governments are trying to ban Bitcoin. + +Oh No! Countries or trying to make Bitcoin illegal. + +Oh No! Bitcoin is too volatile and has slow payments. + +Oh no! Bitcoin is going to zero. ZERO! + +Oh no! My favorite alt coin is better than Bitcoin. + +Oh no! Bitcoin isn't backed by anything. + +Oh no! Bitcoin is a bubble! + +Oh no! Bitcoin is rat poison! + +Oh No! Anyways. + +Bitcoin is here and it DGAF about you or your feelings. You can't do anything about it on your own. It exists and can't never un-exsist. The question is, you can either make it part of your finances or have fun being poor. +My wife and I are nurses in the SF Bay Area and for the last few years we've tried to live very frugally while paying off our debts and working toward FIRE. + +Today was a huge landmark as we have finally become completely debt free. [We made our last mortgage payment]( http://i.imgur.com/emfuTQ6.png) + +I know this is still only the beginning of my journey but I wanted to reach out and express a heartfelt thank you to each and every one of you who are on journeys of your own. I learn each day from each and every one of you. I appreciate the time you all spend discussing and strategizing on how to meet these goals. Best of luck to you all in 2016! + +Edit: formatting, whoops! +Just wondering - I know you should take EVERYTHING you read about finance with a grain of salt.Im still wondering if I should even bother reading news articles from big firms like Motley Fool, Yahoo finance ... . I am not sure to what extend you can use informations provided by mainstream media. + +Im looking for answers from people who have either been really happy or really dissappointed with a choice they made after taking mainstream media into consideration - or even just watched things go down after reading something. Thanks in advance! :) + +&#x200B; + +Edit: What did mainstream media tell the public during the market crashes 2000/2008 ? + + +Again, credit goes to u/kengriffinsbedpost i was asked to post this for him. + +Below is a theory DD I wanted to get a discussion started started on. + +A lot has been in the news lately regarding Bank of America and BOFA Securities. I have been monitoring commercial paper issuances for a while and now believe this should be an item of interest as investors begin jockeying for the most money in bankruptcy. + +As I said above I monitor new commercial paper issuances almost daily. On Monday BOFA Securities, a name I had not seen in a while popped up with a large amount (1.6 billion) and higher yield. That tells me 2 things, they want unsecured funding and they want it fast (yield they are offering was more than double other "blue chips") + +Something else strange happened with BOFA Securities on Monday. They redeemed over 2 billion worth of senior notes. https://investor.bankofamerica.com/press-releases/detail/1881/bank-of-america-announces-redemptions-of-2-503-senior + +This is where it is still theory and more wrinkle brained apes can help disprove or fill it out. Commercial paper can be used for operating expenses, payroll, accounts payable and other short term liabilities. A short term liability is one that is to be paid within the year. Guess what date are on all of those redeemed notes. + +OCTOBER of 2022 or still classified as a short term liability available to be paid with commercial paper proceeds. + +Ok but why does this matter? This matters because if they are paying off senior notes that have a high priority in bankruptcy proceedings with commercial paper that is unsecured it could be a sign they are already planning how BOFA investors can get higher in the bankruptcy hierarchy. + +I think we are close to the end, I will continue to keep an eye on CP and this is heartbreaking because the institutions buying CP are likely pensions and municipalities that are going to be left holding the bag. + +Edit 1: Commercial Paper had a huge impact during the 2008 financial crisis. Once institutions (pensions, governments) lose faith in their liquidity or if they lose the necessary ratings to invest the real liquidity problems will start for banks. Below is a link to a paper on CP in 2008 + +https://www.aeaweb.org/articles?id=10.1257/jep.24.1.29 +# Firstly, thanks UKPF! + +Hey UKPF. + +This morning I handed my notice in at my current employer, and start my new job in a month. Throughout the application, interview and offer stages of my new role I consulted this forum for advice and guidance, so I'd like to express my gratitude to the community on here. In return I'd like to share my experience with other people who might find information about the process useful. + +**I wondered if it was worth while starting a topic on the UKPF Wiki for applying for new jobs?** + +# Where to start... + +**Setting up job alerts on Indeed and LinkedIn is a great place to start.** You can tailor the search to a specific career and location, and then setup email alerts directly to your phone. If nothing else this will give you a better understanding of what's out there, what salary to expect, and what companies exist in your area. + +I found the job descriptions for the positions I was potentially interested in to be beneficial in shaping my CV. Looking at what employers wanted helped me identify the skills I have that I should include on my CV/application. + +Make sure you have: + +* An up to date CV, that looks the part. Consider looking at [GraphicRiver](https://graphicriver.net/cv-in-graphics) for CV design inspiration. +* Your National Insurance number. +* A valid passport. +* The notice period you are obliged to serve to your current employer, as outlined in your contract. + +# Interviews + +This was the scary part, a fear of the unknown. I applied for around 6 roles before I got an interview. Then like buses, two came at once. **Generally your first interview is to make sure you're not a psychopath.** I was invited in for an "informal chat" and felt like this was a good chance for any potential employer to see if you're a good fit for the team and company. + +An interview is a great chance to talk about yourself, but please remember to let the interviewer talk about their needs as well. Nerves sometimes take over and people can end up waffling. If you start a sentence, make sure you know where it's going before you begin talking. And absolutely **do not talk over your interviewer.** Be sure to talk about all of the positive things you can take from your old job. Talking about your previous employer negatively can sound like "my old job was shit, I'm desperate to move on and you'll do". + +**If you're interviewing for more than one position,** this is a good time to establish trust with either party. A simple **"to be transparent,** I am interviewing for one other position and I have an interview with them on \[date\]" will suffice. + +# Dealing with offers + +Congratulations, your new employer has deemed you not to be a psychopath and has offered you a position within the company. + +**Initially you may receive the offer over the phone.** If you do, thank them for the offer and ask if they can follow it up with a written offer letter via email - this letter should clearly outline the salary expectations and a possible start date. + +In my case I received an offer from Employer A before my second interview with Employer B. I took the advice of [this thread](https://www.reddit.com/r/UKPersonalFinance/comments/bv98qn/juggling_a_job_offer_and_final_interviews/) (thanks [u/corporategiraffe](https://www.reddit.com/u/corporategiraffe/) & [u/SA1996](https://www.reddit.com/u/SA1996/)) and opted for honesty. I told Employer A: + +>I'm very grateful for your offer and value the opportunity, however, I have a final stage interview with which I wish to complete before making a decision. + +It's also courteous at this stage to consider asking when they need confirmation by, and giving them a realistic deadline for when you'd know for definite - this went down really well with Employer A. I sat on this offer for a week before my second interview with Employer B. + +At the end of my final stage interview with Employer B I mentioned "for transparency" that I'd received another offer. They said it'd take a week to hear back on the outcome of my final stage interview. Within an hour I received an offer over the phone from them, followed by a written offer over email. Not only did having the offer from Employer A speed up the process of getting an offer from Employer B, but it also resulted in Employer B offering me a higher salary than I'd anticipated. + +At this stage I called Employer A and outlined why I was taking the offer from Employer B. Remember to leave this on good terms: + +>Thank you for your time, I hope you find the right candidate, I apologise for holding the process up, and I wish the business every success in the future. + +Follow this up with an email reiterating the same points. + +Subsequently I asked for Employer B to send over a copy of my contract before accepting their offer and handing my notice in. At this stage [this thread](https://www.reddit.com/r/UKPersonalFinance/comments/akrjx5/when_to_hand_in_resignation_etc/) was particularly useful (thanks [u/reddithenry](https://www.reddit.com/u/reddithenry/) & [u/edge2528](https://www.reddit.com/u/edge2528/)) + +# Handing your notice in + +Slightly nerve-wracking. I asked for a quick chat - in person - with my respective managers and owners of the business. I told them I was leaving, would serve my notice period, and that I was extremely grateful for the opportunities they'd given me during my time in their business. Remember to leave on good terms. You never know when or where you might meet these people again. + +Speaking to each manager in person first, before going to HR, is not only courteous but in my case was appreciated and respected. A lot can be said for hearing information from the horses mouth. + +Follow this up with an email to HR. I used this template: + +>Please accept this as notice of my resignation from the position of \[position\] at \[company\]. As per the terms of my employment contract, I will continue to work for the company for the next \[notice period\], to assist with the handing-over of responsibilities. I'm extremely grateful for the opportunities that Iā€™ve experienced during my time here, and Iā€™m thankful for all the help and support Iā€™ve received along the way. + +# And finally... + +And finally some words of encouragement. + +I was initially scared to look for new positions - this was after all my first position in a career job post-university. My new employer roughly employs 30 times more people than my previous employer, giving me plenty of room to grow. My salary has increased 25% and I'll be able to use that to pay off credit card debt and save for a house. It's been a bit like ripping a plaster off. Initially it's going to be a shock, but inevitably itā€™s been for the best. Thereā€™s an element of risk involved in starting a new position, but by writing a list of pros and cons it becomes easier to whittle it down. + +I'll leave you with this quote from Warren Buffett, which confirmed my decision to move on: + +>*"Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."* + +**Thanks again to the UKPF community, and if anyone has any input on this subject I'll gladly edit and add things to this post. Good luck!** +My Scottish Power deal runs out at the end of Jan 22. + +A 2 year fixed rate is Ā£180. A 50% rise. + +Is this the way it is going to be for everyone or should I switch provider in Feb 22? +So, I'm single 31M (32 next month), debt free, own a car but rent an apartment instead of owning a house due to moving a lot for work. My post tax income (what goes directly into my bank account after everything else has been taken out) is about 77k, and in the last year (since last November) I have spent 33k, leaving 34k that has gone into either my ROTH or other investments, aside from a small emergency cash fund. + +Saving 50% of my income had been my goal since I started working and thanks to raises I've finally achieved it. I've unplugged from cable, got a phone plan which costs an average of about $15-$20 a month and avoided debt like the plague (although I do use my credit card all the time to rack up reward/travel points, and then pay it off each month). + + However, I still feel guilty as hell when I occasionally splurge my money on unnecessary things. For example I blew $80 on a mobile game last week and right afterwards I was like "what the hell, that's what I spend on eating out in a month! SHAME!". I know I can afford it, but I've gotten into the mindset of saving that I avoid spending money wherever I can. I remember the fax machine breaking down in the office and I had some personal documents I wanted to fax to my doctor. I waited 2 days for it to be fixed (which it wasn't) before finally going out and finding a public fax machine that I had to pay $5 for. + +Sometimes even when you meet a long standing goal that you've been aiming for, it still feels like you have not been doing enough, has anyone else had a similar experience? +Every bank has one (or several) strategist(s). It seems that all they do is make market calls that are right about half of the time. Do they actually contribute to what the banks do? Like shifting risk exposure to certain asset classes, telling traders to buy/sell more. + +Or are they just there for publicity? +I currently am slowly looking to invest into possibly some dividend stocks and keep hearing about ETFs and have no clue anything about taxes on them. I hear that SCHD and JEPI and more are good, but want to learn more before investing + Hi all, I have been saving for a while ,and decided to take my first investment decision. I'm relatively new to stock trading, and I am currently looking for interesting investment ideas. + +I think that the optimal investment for me is to create an actual cashflow with fat dividends + +How would you use this money ($100k) for the next 5 years ? +Why is MMM so undervalued, as in what is causing the stock price to be bearish, and is it concerning to anyone about why it is down? I want to add it to my dividends portfolio but I just want some other opinions on the company/stock price. Thanks +So I closed out my $MPW position with 5x 04/16 $22 calls for a total of $50 in CC premium. Adding onto that the original $500 premium from selling the puts = $550 total premium collected. + +I owned the shares from 03/16 to 04/16. + +$550/$11,000 collateral * 100 = 5% return over a span of one month. If we were to annualized this yield it would come out to 60%. + +Now Iā€™m looking at selling 05/21 7.50 puts on $UWMC. Theyā€™re the largest wholesale mortgage broker and recently initiated a dividend. They pay a 5.5% yield at current prices. +Has anyone seen this? The market (IB futures contracts) is currently pricing in a cash rate of 3.575% by May 2023. + +With a 2-3% premium for mortgage rates that could mean a big shock to a lot of mortgage holders, particularly those that have picked up huge debts in the inflated market recently! + +The RBA will do what they need to do to meet their targets for inflation and unemployment so it will be up to the government to step in and help those in mortgage distress. [Edit: I should have added at the end of this sentence ā€œin the event of a collapse of the system or major socio-economic impactsā€. As others have pointed out, this intervention would more likely be with the banks, not the individuals.] + +How far will the government go to support those who canā€™t absorb the rate rises? + +[Edit: Thanks for all the inputs! Seems to be mixed opinions on what the gov should do as well as mixed predictions of what they might do. It will certainly be interesting to see how it plays out!] + +[https://www.asx.com.au/data/trt/ib_expectation_curve_graph.pdf](https://www.asx.com.au/data/trt/ib_expectation_curve_graph.pdf) +Hi All, + +Looking for some advice here... residential premise. Tennant has been with me for about 9 months. Zero issues so far. + +He asked for 50% rent reduction for 3 months. he is in retail and his business has been forced to close as it is non essential. + +This is not something I can easily afford (also my job situation is also a little shaky right now) and I countered with 25% to be assessed monthly which was flatly rejected. He also mentioned that he is a landlord and he gave his tennant the same deal + +Thereā€™s zero guidelines here from the government as to what to do in this stalemate. My agent said tenants can break a lease without penalty now (VIC fwiw) and while the place is in a prime location the market is obviously not great now. + +Is there any advice? Do I just have to take the loss? I know thereā€™s no sympathy for landlords here but some are just getting by too + + +šŸš€ Welcome to $BabyDogeZilla, the first baby of DogeZilla launched few days ago šŸš€ + +BSC Token + +Did you missed DogeZilla? + +We are offering you second chance with baby! + +We are currently sitting at 700-800k MC + +BabyDogeZilla is a fork of DogeZilla, with 3% redistribution of tokens to all holders. + +We added special feature which is called šŸ”„ BURNZILLA šŸ”„ ouuu YEAH! +10% of total supply was already burned - it was worth more than 20k US dollars just for the community :) + + +*BurnZilla stage 1 - done 5% burned + +*BurnZilla stage 2 - done 5% burned + +*BurnZilla stage 3 - 10% wallet for burning remains + +āœ… Voice Chat opened for whole days (it's KryptoJimmy & DogeKing) + +āœ… Verified contract šŸ“ + +šŸ”’ Locked liquidity on Mudra for 10 years! + +Tokenomics: + +8% Tax on buys & sells + +5% Liquidity + +3% Redistribution + +2% max transaction + +Slippage: 8-10% (buys & sells) + +Contract Address: 0x0fbc08905c1d683cf7530bb2a70bb0bde231e5b9 + + +SOCIALS: + +Twitter: https://twitter.com/Baby_Doge_Zilla + +Websites: http://babydogezilla.com/ + +Telegram: https://t.me/BabyDogeZillaBSC + +Litepaper: http://babydogezilla.com/wp-content/uploads/2021/10/TheWoofzillaPaperv01.pdf + +Many influencer on board: Crypto London, Maestro, Travlad, Watchers Guru and many many more! + +CG and CMC listing is on program in the future :) +First stablecoin reward token (as confirmed by cryptomessiah!) and going strong for 32+ days now! + +Some holders are averaging $300/day in BUSD rewards - a true passive source of income. BabyBUSD is the only BSC token you can sleep on! + +This will only increase as the market cap increases! At $100m mc - a max wallet could be making $20,000-$30,000 in BUSD PER DAY! + +BabyBUSD has distributed the most amount of BUSD of any project on BSC! + +How do you earn BUSD? + +Just hold! It's simple. BUSD is automatically sent to your wallet every hour. The rewards come from taxing sellers. Therefore there's a huge incentive to hold because you make cold hard cash by holding! + +Links + +Holders can check how many BUSD rewards they have using the dashboard: https://dash.babybusd.net/ + +šŸŒ Website: https://babybusd.net/ + +šŸ¦ Twitter: https://twitter.com/babybusd + +šŸ’° BabyBUSD has the most generous BUSD rewards of any coin! āœØ We guarantee you that you'll want to HODL this coin!! Generate your self a passive income šŸ’ø + +RENOUNCED CONTRACT šŸ“„ + +https://bscscan.com/tx/0xcb9bbbd30388185fb0bd6b259f938a21838a60e75027703e9691ba02fd74376a + +LOCKED LIQUIDITY FOR 10 YEARS šŸ”’ + +https://dxsale.app/app/pages/dxlockview?id=0&add=0x6c6f205c3Edb5883904e5693B88a6561Aae93ead&type=lplock&chain=BSC + +BabyBUSD Tokenomics + +šŸ“ˆ Supply: 100 Billion + +šŸ”„ Burned Tokens: 0% + +šŸ’° BUSD Reflection: 10% + +šŸ† Liquidity Tax: 5% + +šŸ³ Max hold: 1.5 billion tokens + +šŸš€ No Presale, FAIR LAUNCHED + +Contract: 0xa22dc6babab39c2d83f0d4b174ef7016424253a7 + +šŸ“ˆ PooCoin Chart šŸ“ˆ - poocoin.app/tokens/0xa22dc6babab39c2d83f0d4b174ef7016424253a7 + +šŸ„ž Buy on Pancakeswap šŸ„ž - https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA22DC6BabAb39C2D83F0d4b174ef7016424253a7 + +Better rewards than BABYCAKE: + +10% of each buy is reflected to holders in BUSD. 14% of each sell is reflected to holders in BUSD. 0% of each transaction goes to a marketing/dev wallet. āœ… Dev and Team are both active. The Ownership has been renounced and the liquidity is locked šŸš€ + +āœ… Website launched šŸš€ +āœ… Renounced šŸš€ +āœ… Liquidity locked for 10 years = rug proof šŸš€ +Iā€™m currently seeing a lot of posts and comments throwing hate towards Cardano just because it hasnā€™t made a big move in 1 month. I donā€™t know if people thought that smart contracts would come from one day to another or what, but we all know that Cardano likes to take it slow. The fundamentals of the coin are the same today than 1 month ago, so why would your thoughts about ADA change? Nowadays too many people move from trend to trend, and they canā€™t stand a coin being stable for more than 1 month. Remember that 1 year ago ADA was at $0,09 and now sits at $2, do what you want with your money but you will regret selling ADA just because it had 1 month of no movement. ADA was always known for being a ā€œstable coinā€ anyways, did I miss something or whatā€™s the reason for all the hate? Are they just mad that shitcoins pump but not ADA? + Originally posted by u/Easteuroblondie a day ago + +# Interesting tidbit from the AdTech industry + +[**šŸ’” Education**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%92%A1%20Education%22&restrict_sr=1) + +I come from and write about the adtech industry. Today I was going about a totally non GME-related project and read something interesting. + +**You see, the big news in this industry is that the cookie - a little piece of code that tracks user behavior across sites - itā€™s getting phased out.** Everyoneā€™s been talking about it for years. In case people donā€™t know, data is so damn valuable. Data is what over $600B a year in digital advertising spend is based. **Google and Facebook make all the money they make because of how much data they have about users.** But this cookies thing is exacerbated with apple making some power moves in terms of privacy, accelerating the transition away from the cookie. It hurts Facebook, which is why FB stock sunk last week. Apple rolled out the few features, really stunting FB from being able to collect data. + +Now, thereā€™s a flurry around whatā€™s going to happen in a post-cookie world. Facebook in particular is worried about this because it hurts their core business model significantly. FB has sent people who run ads numerous emails about it over the last year or two, as well as run campaigns against it (including a full page ad in the WSJ) trying to convince business owners that apple is bad. Congress is currently considering a bill to ban cookies because itā€™s also at the heart of a lot of bigger societal problems in a seeding kind of way. + +Okā€¦so what? Iā€™m getting there but bear with me. So every data-centric company is trying to think how they will be able to get user data without cookies, which consolidates data from third parties. Now itā€™s all about first-party data, or stuff you collect on your own sites. + +**Two companies that are emerging as the power players in this post-cookie world (that keeps zuckerberg up at night) in terms of data solutions are Microsoft and IronSource.** + +And how did they develop their first-party data products? Apparentlyā€¦through gaming. Both companies had made strategic gaming app and tech acquisitions. IronSourcewas worth under $2b in 2019. In 2020, it made a bunch of gaming acquisitions. In 2021, it was valued at $11b. They had 5xā€™d their valuation in less that 2 years with gaming acquisitions happening in the interim. + +Ad tech companies are buying game developers and some of the bigger game developers are buying smaller ad tech companies. This marriage is a smart way to develop first party data solutions without relying on cookies. This is a better explanation: [ad exchanger article](https://www.adexchanger.com/the-sell-sider/the-real-reasons-gaming-companies-are-merging-with-ad-tech/) + +TLDR; the adtech data businesses (like Google and Facebook) are realizing the gaming is a good way to get first party data which is going to be critical in a post third party data world. This means gaming companies are more valuable to companies who monetize on data like Google, FB, and IonSource. Bigger gaming companies are buying adtech too. Gaming is starting to emerge as the vehicle to marry first party data and advertising, an industry that is in flux in light of the core building block - the cookie - being phased out. GameStop is actually in a very good position by nature of being a gaming company either through acquisition OR becoming a data-collecting company. That makes it more of a Google/Facebook-like company in a post cookie world. + +[https://www.reddit.com/r/Superstonk/comments/smkqzg/interesting\_tidbit\_from\_the\_adtech\_industry/](https://www.reddit.com/r/Superstonk/comments/smkqzg/interesting_tidbit_from_the_adtech_industry/) + +This post never got the acclaim it deserved and after RC's tweet it had me titties jackedth! + +I did some delving into IronSource a day ago and found out that 90% of ALL APPS use IronSource software. Their CEO Tomer Bar-Zeev mentions it in following YT Video link - + +[https://www.youtube.com/watch?v=CTme2eCoA5Y](https://www.youtube.com/watch?v=CTme2eCoA5Y) + +I'm not the wrinkliest of apes but data collection is huge business and the fact the main mechanism for the likes of Facebook to get that data is going away and u/Easteuroblondie's bullish post "just" prior to RC's tweet has me believing there is much more to this and maybe a potential collaboration? +tl,dr: I'm going to be balance billed $27k for an emergency air ambulance situation before my heart transplant ā€” what can I do? + +In February 2021, I walked into my local ER unassisted with no pre-existing conditions. Within 15 minutes, I was in complete organ failure, listed in critical condition, and placed on life support. The ER had me lifeflighted to a renowned heart transplant center where I received a new heart within 48 hours (and thanks to my donor and medical team am recovering well!). + +When I was on life support in the original ER within the first few minutes, the ER called my wife (sitting in the parking lot due to Covid restrictions) citing I was going to die and asked her to verbally consent to the lifeflight to try to save my life, which she of course consented to. + +During my recovery in the ICU, we received a letter from the Air Ambulance Provider that they were going to file a claim with our health insurance company, Cigna, for their $35k bill. + +Cigna's EOB cited that the Air Ambulance Provider, despite the emergent life or death situation, was out-of-network and that they paid $8k of the invoice, listed a discount of $25k, and said we owed the remaining $1.5k to the Air Ambulance Provider. + +We heard nothing for six months until we received a letter in September from the Air Ambulance Provider saying Cigna did not pay the full $35k bill and wanted to appeal this on our behalf, which Cigna suggested we approve. + +Then Cigna denied the Air Ambulance Provider's request to provide additional payment. + +Now our understanding from the Air Ambulance Provider is that we will be balance billed for the remaining $27k (Cigna's discounted portion + our What We Owe). What are our options to get out of this financial mess? + +Thanks in advance. + +P.S. The new federal "No Surprises Act" ensures that all patients won't face emergent balance billing practices anymore as of yesterday (Jan. 1, 2022). The act unfortunately does not help my situation as the service was provided prior to 2022. +>***ā€˜Explosive downside protection.ā€™*** + +Thatā€™s how Mark Spitznagel, the founder of Universa Investments, described his approach to navigating market risk in [**an interview with Vanity Fair**](https://www.vanityfair.com/news/2020/02/nassim-taleb-protege-on-how-to-prepare-for-coming-market-crash) that published Thursday. Basically, he says he makes far out-of-the-money bets that cost little but deliver huge when it all comes crashing down. + +ā€œReally explosive downside protection is really the only risk mitigation thatā€™s able to move the needle for people, because itā€™s the only risk mitigation that doesnā€™t cost you as you are waiting for it to happen,ā€ Spitznagel said. ā€œWhen the market crashes, I want to make a whole lot and when the market doesnā€™t crash, I want to lose a teeny, teeny amount. I want that asymmetry... that convexity.ā€ + +In other words, his fund provides crash insurance so his clients can take on more ā€œsystemic riskā€ with their other investments. + +Spitznagel, a former trader, is a protĆ©gĆ© of Nassim Nicholas Taleb, the author of the 2007 bestseller, ā€œThe Black Swan,ā€ which is a metaphor used to describe unpredictable, highly disruptive events ā€” the kind that could blow up markets. + +Right now, stocks, with the Federal Reserve winds blowing at their backs, are ā€œdistortedā€ and ā€œno longer tethered to fundamentals,ā€ Spitznagel warns, and that makes for those chasing returns extremely vulnerable. + +ā€œThese monetary distortions lead to this reckless reach for yields that we are all seeing,ā€ he said. ā€œRandomly go look at a screen and itā€™s pretty crazy. Big caps, small-caps, credit markets, volatility; itā€™s crazy. Reach for yield is everywhere.ā€ + +Spitznagel explained to Vanity Fair that, at this point, **central bankers have lost control and donā€™t know how to right their wrongs.** + +ā€œThey will never be able to ā€˜normalizeā€™ rates,ā€ he said. ā€œIn our lifetime, recessions and stock market crashes really have been instigated or started by central banks sort of pulling away the punch bowl. They raise rates and that has led to a slowdown and ultimately has led to these crashes that we see.ā€ + +He said theyā€™re not stupid, just reckless. + +ā€œThey realize that global economies are in a situation now where central banks canā€™t pull away,ā€ he said. ā€œAnd theyā€™re bluffing if they say they can.ā€ + +[https://www.marketwatch.com/story/these-3-words-describe-one-black-swan-investors-approach-to-managing-his-5-billion-fund-through-a-market-crash-2020-02-13](https://www.marketwatch.com/story/these-3-words-describe-one-black-swan-investors-approach-to-managing-his-5-billion-fund-through-a-market-crash-2020-02-13) +Do you think he's just absolutely losing his mind right now? He's still watching everything burn to the ground and has gone silent since tweeting yesterday about how he was in the process of fixing this whole mess. Circulating supply of luna has sky rocketed today going from 345 million to 210 billion as of writing this and it doesn't seem to be slowing down at all. He talked a lot smack going into all of this so I truly wonder where his head is at right now. + +I also wonder if we will ever hear from him again. I personally hope that he pops up 3 months from now, pretends this never happened, then offers us a limited series NFT. I would also like to see him introduce a new stable coin called "SafeLuna". + +I don't know. I couldn't possibly imagine where his head is at right now. What do you guy's think? +On Aug. 16th 2021, Solana flipped Uniswap (now rank 17) to become a top 10 crypto. Below is an image of the top 10 at the time the flip occurred. + +https://preview.redd.it/gznz567mxky91.png?width=860&format=png&auto=webp&s=c1d47e94f343a15e97c5c8eb311f1783d2642de4 + +Since then, Solana shot up in value, skyrocketing from $63.86 to over $250 (and becoming the number 4 crypto) just under 3 months later on Nov. 05, 2021. However the 2022 bear market has been particularly hard on SOL as it's currently down \~88% since the ATH. Outage after Outage over the last year has caused this novel Proof of History blockchain to bleed out its market cap. + +Now just 448 days after becoming a top 10 crypto SOL has officially been flipped by MATIC and fallen out of the top 10. How long the flip lasts is another question, but for now SOL is out of the top 10. + +&#x200B; + +https://preview.redd.it/7h2wi4f4vly91.png?width=1179&format=png&auto=webp&s=3696e20c492a91d3b2511b318d2e7094a5e8016c +**I was going to wait till tomorrow once I could check for more typos/flaws, but fuck.... some smart fucking Apes I was talking to mentioned Akemi being owned by Blackstone.....** + +&#x200B; + +^(Some smart Ape noticed I had a typo in the title. It should definitely say "since" not "sense".....try so fucking hard to not have a typo and there we go.... thanks u/)[**^(darkcrimsonx)**](https://www.reddit.com/user/darkcrimsonx/) + +&#x200B; + +&#x200B; + +Ā· + +&#x200B; + +**I usually like to throw in some memes to keep shit light but I'm sorry, I wanted to share this ASAP....Also I'm keeping it fresh with in text citations. References at the bottom so yall can look shit up more easily** + +&#x200B; + +**This is what I'd written prior to realizing they owned Akime:** + +Edited to add: I've since realized that it is actually Blackrock that owns Akamai, not Blackstone. That said, the whole Akamai thing is just fuel to the fire, the post isn't about Akamai. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +# Un + +Lots of folks were mentioning how Blackstone was buying up properties like crazy. What do they also make money in? Rental Backed Securities. + +Think of it like this. + +If I straight up bought a house for cash I wouldnā€™t have to worry about a mortgage. This really isnā€™t feasible for most families and so most of us have a mortgage. Now it is getting harder and harder to buy a home because we are being outbid by companies likeā€¦.Blackstone. + +Why would this be in Blackstoneā€™s interest? + +Of course most would assume that itā€™s simply so that they can be a landlord, yadda yadda. + +Having large property management companies equates to ALOT of overhead. Why would a massive financier want to stick money down into lots of overhead? Well shit wouldnā€™t you if it would allow you to be a predominant monikerā€¦.essentially monopolize the Rental Backed Securities Market? + +&#x200B; + +# Deux + +^(fixed it for you) u/NHNE + +Citadel is clearly the largest MM within itā€™s scope, why wouldnā€™t Blackstone want to monopolize where it could? + +What getā€™s hairy is the role duality. + +Citadel enters role duality because it works not only as a Market Maker but also a Hedge Fund. + +Blackstone enters role duality because it CREATED Rental Backed Securities, and also has monopolized the rental world (Perry, 2013). + +They arenā€™t simply buying up homes, but they are going in against every day Americans and outbidding them at ranges from 20-50% over asking price. + +Interestingly the CEO, Steve Schwartzman, bragged about the massive increases in rent (Sirota and Perez, 2020). Why would they want rent prices to increase? Because they have bet on Rental Backed Securities. They own Home Partners of America and once owned Invitation Homes which has the largest amount of single family rental homes (80,000 homes across America) (Curry, 2018). + +Prior to Blackstone selling a portion of Invitation Homes, a 10k was filed wherein it was stated in their Acquisition Statement that the company has specific insights into the rental market and states that they have great visibility into the rental market (U.S. Securities and Exchange Commision, 2019). + +>ā€œWe target submarkets and neighborhoods in undersupplied high-growth markets and leverage our in-house acquisition and operations teamsā€™ local market expertise to acquire homes in in-fill locations that we believe will experience above average rental rate growth and home price appreciation. Our in-house acquisition teams are comprised of dedicated professionals located in our markets and at our corporate headquarters who provide strategic direction and broad oversight. Our acquisition teams have significant local market experience and expertise in single-family investments and sales, which enables us to target specific submarkets, neighborhoods, individual streets, and homes that meet our selection and underwriting criteria. To date, we have underwritten more than one million individual homes which gives us a substantial proprietary database on which we can draw as we evaluate future acquisition opportunities in our markets. The number of homes underwritten represents the total number of acquisition opportunities that we have considered and of which we have conducted preliminary analysis, including acquisition opportunities that were ultimately not pursued or completed. As a result of our selective and disciplined investment approach, we have analyzed and considered a far greater number of potential acquisitions than the number of homes we have actually acquired. As a result of our large existing portfolio and volume of acquisitions to date, we believe we have a high degree of visibility into rental rates and fixed and controllable operating expenses, which allows us to more accurately underwrite expected net yields of homes prior to acquisition. We also collaborate with local market real estate brokers and others, and leverage these relationships to source off-market acquisition opportunities. Within our markets, our approach allows us to screen broadly and rapidly to identify potential acquisitions in highly targeted submarkets at the neighborhood and street levels. Our in-house team of acquisition professionals coordinates with our in-house renovation, maintenance, and property management teams to ensure that feedback from historical acquisitions is shared across functions so that our ongoing investment activities are informed by, and benefit from, insight from prior experience.ā€ + +Insider trading is exemplified by this circumstance as Blackstone created Rental Backed Securities and then was also invested in, and grew rental corporations. While Blackstone has sold their portion of Invitation Homes, they now are the largest single-family home rental corporation owner. Recently they acquired Home Partners of America for 6 Billion Dollars. + +&#x200B; + +# Trois + +If we hone in specifically at one region, Tampa bay for example, we can see multiple times where they impacted the local economy. In 2013 Blackstone owned at least 300 residencies within Pinellas County alone (Harwell, 2013). After acquiring Home Partners of America, they gained 17,000 homes across the U.S. Just this April they purchased a 76 million dollar apartment complex in Tampa (Kritzer, 2021). While mass apartment complex are being purchased, so are residencies. Not only is BlackStone buying homes 20-50% over, but so is BlackRock. While currently they are not related, BlackRock began after Larry Fink parted ways with Blackstone in the 80s. They still do the same type of business, which is outbidding homebuyers in an effort to monopolize home rental industries while Blackstone also monopolizes Rental Backed Securities, which they created (Belvedere, 2017). The similarity in their names? Intentional per the interview with CNBC that is cited below. . + +# Tldr; Blackstone created Rental Backed Securities bonds. They now are also the largest owner of all single owned rental homes. A 10k they released specified they have specific insights into the market. They are insider trading. Blatantly. + +EDITED TO ADD PICTURES AND SAY: + +&#x200B; + +They also fucking added 100 billion dollars in AUM this past year per their earnings! + +&#x200B; + +https://preview.redd.it/97l3mez0svc71.png?width=1920&format=png&auto=webp&s=eada6b19147b88f8da3be234fb09e3b8da258aca + +&#x200B; + +References + +Belvedere, M. (2017, June 22). Blackstone or BlackRock, confused? CEOs Steve Schwarzman and Larry Fink actually did it on purpose. CNBC. [https://www.cnbc.com/2017/06/22/blackstone-or-blackrock-schwarzman-and-fink-did-it-on-purpose.html](https://www.cnbc.com/2017/06/22/blackstone-or-blackrock-schwarzman-and-fink-did-it-on-purpose.html). + +Curry, Kerry (April 2018). "Invitation to a Housing Revolution". D Magazine. + +Dezember, Ryan (January 24, 2017). "Blackstone wins Fannie's backing for rental homes". MarketWatch. Retrieved May 26, 2020. + +Harwell, Drew (June 22, 2013). "Investors still gobbling up thousands of Tampa Bay homes to rent out". Tampa Bay Times. Archived from the original on March 4, 2017. Retrieved May 28, 2020. + +Kritzer, Ashley ( April 6, 2021). Blackstone Group (BX) Stock Moves -0.29%: What You Should Know. Tampa Bay Journal. (2021, July 18). [https://www.tampabayjournal.com/2021/07/18/blackstone-group-bx-stock-moves-0-29-what-you-should-know/](https://www.tampabayjournal.com/2021/07/18/blackstone-group-bx-stock-moves-0-29-what-you-should-know/). + +Perry, B. (2013, November 4). Rental-Backed Security Bonds to be Offered by Blackstone. Stock Investor. [https://www.stockinvestor.com/10577/rental-backed-security-bonds-blackstone/](https://www.stockinvestor.com/10577/rental-backed-security-bonds-blackstone/). + +Sirota, D., \&amp; Perez, A. (2020, December 14). Blackstone CEO Celebrates "Huge Increases in Rents" as Millions Face Eviction. Jacobin. [https://www.jacobinmag.com/2020/12/blackstone-rent-stephen-schwarzman-pandemic](https://www.jacobinmag.com/2020/12/blackstone-rent-stephen-schwarzman-pandemic). + +U.S. Securities and Exchange Commision (2019, December 13). "Invitation Homes Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission. +Coinbase roadmap 4 days ago: https://imgur.com/a/XYmsw + +No mention of BCH being added. + +It's been clear that Coinbase, Bitpay, and Blockchain.info have *purposely* not implemented segwit. They are VC backed. They have the money. Yet they won't do it. Why? My guess is they want to wrest control of Bitcoin from the Core developers. + +So they hatch a plan to try one more time to kill Bitcoin and make BCash the biggest crypto. + +Despite not putting BCash in their roadmap *4 days ago*, they went live with BCash trading out of the blue. + +In advance, for the past couple of days, volume and price had started to rise. Clearly many people knew. + +At the same time, a pump was coordinated for BCash, and a dump was coordinated on BTC, and a swarm of trolls descended upon this subreddit. They wanted to induce a flippening. + +They failed. That kind of attack doesn't work. I'm not going to dump BTC and buy BCash. But that's not the point. + +The point is it's slimy. And we longtime Bitcoiners will not forget. +I'm 26, and currently gross 50k a year. I recently graduated from college (a few months ago) and I have $21k in student loan debt. I am still living at home, and was planning on moving out in a few months. Would it be best to pay off the student loan debt in full before moving? +While we are working to spread Bitcoin idea globally, circle, the easiest place to buy some bitcoin is doing it wrong. +Yesterday i made an account with them and linked my chase credit card while being in the office. +When i tried to make some test buy their system told that we are doing their 'quick review'. Some hours later i called their support and i was told that it was due their antifraud system and asked to provide any ID of mine to finish the process. OK,made a scan and uploaded it to their 'secure' environment. An hour later i receive a message saying 'We have detected some unusual aspects to your account and therefore we can't provide service to you at the time'. OK,i made a chat again and was told that we can't do anything and can't disclose any details of this decision. OK. So they have my ss#,my dob,my address,my credit card details and my id. I'm not a big paranoid,but it's bad. Office network is bad and therefore they blocked me? Bad luck? Maybe. Later that day,while being home i've asked my girlfriend to register an account with the same Circle. New network,her email,her phone,her credit card and bank account,her personal data,her computer. And what do you think i've receive? Same message,same ID asking and same 'unusual aspects'. OK. In the evening we were sitting at the friends house and asked my best friend to do the same things and i he was told the same. + +3 different networks,computers,numbers and so on. So maybe Circle lost all money and just collecting data to + sell? + +For longtime redditers: I know how many "circle' topics appeared here in last few months and i'm sorry for this one , but circle behavior is really strange while we try to make global adoption. I'm not saying they are bad,maybe they are having some technical troubles. + +As some users report, Circle is aware of this discussion and the problem at all. We'll be receiving an answer soon. +I have a pile of money sitting in my Robinhood right now. About 55k. Itā€™s part of the money for a down payment on a house. I could lose a chunk of it and still not have a problem with the down payment for my house but I donā€™t want to lose a lot. + +Anyways I logged in to Robinhood this morning and saw that most of the stocks were up a point or two except NVDA. After about 30 seconds of due diligence I decided that I thought NVDA was going to turn around and come out positive for the day so I bought 200 shares. It almost immediately started going up and I was so happy with my play. Then it reversed and went back down, so that I was down a couple hundred bucks. I had to get back to work and leave my office so I decided I didnā€™t want to be worrying about how much it might go down today so I decided to sell out after only being down a couple hundred dollars. + +Later in the day I decided to check the price and saw it ended up going way back up, but that I also still had some shares. I was very confused because I thought I had sold them all and I checked and I still had 180 shares. Turns out that in my haste I only sold 20 shares earlier instead of 200 and I ended up making about a thousand dollars today. + +This made me realize that Iā€™m an idiot and I should never ever day trade. +I found the [story here ](http://www.motherjones.com/kevin-drum/2013/09/somebody-stole-7-milliseconds-federal-reserve). If it was that difficult , how can millions be traded just before an announcement? +The division and inertia in the community are a serious danger for BTC future. + +Good forks must be successful and widely adopted or else we might get replaced by some shitty centralized coin. + +Most widely used exchanges have no motivation to adopt forks if the community does not threat their profits. + +**Those who refuse to adopt new technologies must perish or adapt.** + +Could someone post some newbie friendly advice on which exchanges to change to? + +- Could you please detail pros and cons of each option? + +- How hard is to move all the coins to another exchange? + +- Which fees can we expect? +TLDR: Golden Handcuffs question. How to calculate the equivalence of a pension vs retirement savings accounts. + +So, I am one of the lucky few to have a pension. I am already vested. The way it is structured is based on years worked, age and highest average earnings over a 3 year period. Just got a promotion last year. Am in the last few stages of my pre FIRE life. I'm trying to evaluate whether to work 2 1/2 more years or 1 1/2 more years. + +I will be able to meet our expected expenses (with some room to spare) with 403b, IRAs and pension in 1 1/2 more years. But, if I worked one more year, I would get about $8k more per year in my pension (67k vs 75k per year). This would give us a nice cushion. +But, my job is quite stressful with this promotion and I don't know if it's worth it. + +One way to calculate the worth of a pension would be to value it at the 4% withdrawal rate. So, 8k would equal $200,000 in a retirement account. However, when my spouse and I both pass, there will be no assets left from this theoretical sum. So another way to calculate it would be to estimate my life expectancy and then a withdrawal rate that would spend down the principal in that time. I think this would be around a 8% withdrawal rate for me. That would mean that an 8k increase = 100,000 in retirement savings. + +Any thoughts on this? + +The reason I am asking is that most FIRE or other retirement calculations are based on a pot of money that you withdraw from and not from a pension. + +$8k per year is a nice reliable increase, but frankly, my stress might not be worth it. This equivalency scenario seems to be one that would help me make the decision. + +Thanks! +Let me start off by saying Michael Burry is not some genius despite how the Big Short made him out to be. A lot of small hedge funds employ these kind of strategies, as far out-the-money options are usually underpriced during period of high liquidity and low volatility (see: the past 5 years) and so a few are expected to pay out big every now and then. He is NOT a big name in finance at all and only well known because of a movie based on a book written by a good comedic writer with a limited knowledge of finance (source: my friendā€™s father worked with him a Salomon and he was consistently bottom of the class). Scion Capital has probably seen some outflows so Burry is now using this much-discussed issue in finance to flog his Japanese midcap stockpicking skills. + + + +HOWEVER ā€“ there is some merit to his argument. This comes down to 2 points: + + + +1. Systemic overvaluation of indexed financial instruments, given the massive shift from active to passive-managed funds over the past decade. I run a trading desk at large bank that deals in instruments some of which are indexed, and the change in valuation when anything is included in a widely tracked index is huge. 5-10% for smaller market caps is not unheard of. So ā€“ yes, when you buy an index you are probably overpaying fundamentally for what is in there. That being said, unless you think indexation will reverse (which I donā€™t) this will probably not have an effect for a long time to come. There is a lot of sellside research written on this but unfortunately it is only available to institutional clients. + + + +2. Derivative leverage. This is the more serious of the two points and unfortunately the one I am less familiar with. In short, passive asset managers basically market themselves on their tracking error ā€“ how much they over/underperform the index. Buying and selling shares, especially the smaller illiquid stocks, is expensive, so these funds reportedly often use derivatives like futures to replicate the index ā€“ ie, while there is money being made if a stock goes up, no one actually bought the stock. You can thus in theory have multiples of a companyā€™s market cap in investor exposure, which is obviously a dangerous situation. I do not have any figures on this and base most of it only on what friends working at asset managers tell me ā€“ if someone has more information please do share it. Burryā€™s point is basically that if these system starts reversing, the amount of selling could quickly become much larger than the underlying stocks can handle and cause an exacerbated crash. I am not sure how right he is here ā€“ feels somewhat farfetched, but when Powell did not immediately cut rates in response to trade war related slowdown the SPX reaction was markedly sharp. No direct tie to indexation of course but could tie in to his thesis. + + + +Why is this relevant to this sub? It is the primary investment strategy of a sub that advocates building your savings to a much larger level much earlier than the average person. Also the average FI reader is much more serious about their finances than on r/investments so yes, I do think this is a relevant discussion for this forum. + +Personally, I do not think central banksā€™ strategies of reflating asset prices will work indefinitely so I do not like to keep the vast majority of my NW in listed instruments in general (as these benefit most directly from the current global liquidity glut). I prefer a more traditional, diversified asset split and add some risk in via very tax-efficient seed investments (possible in the UK, not USA) and some property-related side hustles. Interestingly this is similar to most financial professionals I know. If I was investing over a 20year period I would probably not be too worried about being mostly in index funds at my age; still I think this is worth a more detailed discussion than is currently on reddit. + + +I wish I had more concrete research or figures to share but I donā€™t. If this post is not concrete enough then Mods, go ahead and remove. I am writing this for the benefit of the community, do as you think is best. + +EDIT: I donā€™t have time to respond to all the individual comments but thank you, this is exactly the discussion I was hoping for - I definitely learned a lot from it so far. If someone wants to go through the comments and try put together a summary of some of the points/views raised in a separate post Iā€™m happy to link it here.. itā€™s become quite a long read now. +Also, thanks for the silver! +I discovered this forum less than a year ago and realized that this was something for me. +I work as a dentist, 38, male, one child and married. I've been working for 7 years now and working 26 hours/week and I make a lot more money than we need/spend. +This however gave med very little motivation to work more or increase my earnings at work, because I wouldn't spend the extra money that I made and the savings just went into an account towards a future home purchase. +After discovering FIRE I now have a purpose of going to work and trying to make as much money as possible. I now know that every single extra dollar I make/save can be invested and generate income in the future. +I am REALLY looking forward to FI, but funny enough I enjoy work so much more now that I have a purpose of going to work. Before it just kind felt pointless of working more than 2 days a week since I didn't need the extra money. +Title. + +&#x200B; + +Like seriously, how in the whyfuck? + +&#x200B; + +Its coming, that fucking concrete wall, reinforced by MILLIONS of APES. Yet the idiot train conductor just continues to speed up, rather than slowing down. + +&#x200B; + +But why? Are they just hoping for a crash of mutual destruction? Or Wtf ? Can someone explain to me the possible reasons none of these fucks have started bailing out yet? The first to cover is going to be the least effected. + +Like the writing is on the wall, the apocalypses is coming and yet they're just chilling in their backyard, sunbathing under the fiery comet barreling towards them. So fucking reminiscent of the 'DONT LOOK UP' movie right now. + +&#x200B; + +Help... ELI-2 +So I obviously donā€™t need to explain the right now in gme, but how will the dust settle? And Iā€™m meaning giving a few different scenarios. Whatā€™s the likelihood of gme going to 0? What happens to options contracts then? Is it likely that it will stabilize to its fundamentals value after it settles down? Iā€™m just trying to get the long term picture of it. +Calculating both short term vs long term short puts, amount to about the same premiums. Im wondering is there any differences between selling a weekly put vs selling a monthly or even 3 months out put on a stock i dont mind holding? +Wondering if anyone here has been successfully wheeling BBBY? You can get decent premiums 1-2 weeks out even at like 6-7 strike. It might not even hit that but if it does youā€™d be getting a pretty good entry point. Even if it goes to like 4-5 again you could then sell calls. Thoughts? +Why is that bid-ask spread so wide on most tickers even-though itā€™s liquid And has decent +Volume? A good example is is TQQQ . I get into mid point after countless limit orders . Once I get into , I see the bid -ask spread got even more wider? . Itā€™s showing I am in the money and once I try to sell , it would be a loss if I sell at the bid . How do you guys manage this ? +You should just be running a jade lizard. Change my mind. + +1. If you get assigned the premium from the call credit spread lowers your cost basis. +2. Keeps your deltas (somewhat) in check +3. If it blows past your credit spread its still profitable, if youā€™ve set it up right. +4. You can still easily defend the short put by rolling if needed and get max credit on the credit spread to offset any losses. But lets assume youre ok with assignment +So I recently sold some 454/455 call credit spread for spy. These expired worthless. (thank god). This was my first time trying out call credit spread. I will say, i felt pretty confident in my trade. The overall market was bearish until 2pm today when SPY literally shot up. Gotta say, i was starting to get pretty worried because spy just needed to end at 1.75% for the contract i sold to be ITM and we KNOW spy can and will do that outta nowhere. So my question is, how do I go about picking better strike price for SPY call credit spread? The way I understand it is, selling closer to strike price OTM contracts are lower probability of winning with managable risks with good proportional profit/loss ratio. But youā€™re much more likely to lose the trade than selling further OTM contracts with higher probability of winning but with terrible profit/loss ratio. Youā€™re essentially risking a lot of money for some pennies. BUT with a higher probability of winning the trade. Like the only reason i chose 454/455 because it seemed unlikely for spy to jump back up to that level with all the bearish sentiment around it by Wednesday. But i had to like put a lot on the line as collateral to collect very disproportional premiums. So really, how do i go about choosing the spreads? + + +Thank you in advance. +Calculating both short term vs long term short puts, amount to about the same premiums. Im wondering is there any differences between selling a weekly put vs selling a monthly or even 3 months out put on a stock i dont mind holding? +Approved for level 5 option trading in fidelity . 1 Mil+ account and active trader mainly in stocks and calls / covered calls. Familiar with spreads , straddles and other advanced strategies from a knowledge perspective but rarely use them + +What would be the best trading strategy for a large account besides covered call , cash secured puts and wheel to maximize leverage and returns . + +Is PMCC worth the risk / reward for a large account . And since account is enabled for naked calls and puts - with the high margin available , writing deep OTM naked calls or puts would be worth it ? + +Open to selling weeklies if that reduces risk as I will be actively trading and enjoy the process. +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. +Greetings Thetagang! I have been a longtime lurker and have been absolutely loving this sub. I continuously scour these threads every morning and couldn't be more thankful for such a knowledgeable and welcoming community. + +Over the last few weeks, I have been continuously selling two covered calls on Boeing (200 shares or roughly $27,400 in assets). I am very risk averse, and try to gain anywhere between .50 and 1% a week. For the most part, I have been fairly successful and have only had to initiate a roll once. Here is my question as I want to ensure I am being the most efficient with my planning. + +We all know that Theta is the rate of time decay. Generally starting to accelerate within the last month, and ramping up exponentially within the last few days. If Theta decay occurs over the weekend, is it not in our best interest to SELL next weeks call on Friday, right before close rather than on Monday morning? + +Let me give you an example, if you have a BA call option that is about to expire out of the money, the premium price is now at -.98% and near worthless. Is it not better to REPURCHASE the call you sold, and then immediately sell a new covered call that expires next Friday? You would essentially be locking in 3 additional days of theta. 1) The last hour or so of the closing Friday, And 2) Theta for all day Saturday and Sunday. + +Lets use some real examples to better illustrate my question. + +1) If I were to sell a Covered Call on BA today currently at $137.5 a share, and my intention is to lock in 1% premium by weeks end, I would sell a covered call for $146. It appears this is a .238 Delta with theta at -0.24 per day. + +If selling covered calls, is it better to let them expire, OR purchase them back with the intention to keep more premiums? + +&#x200B; + +Thanks Thetagang! +Hello. First time CC seller here. I sold 16 $30 strike 9/17 CCs for 42 c/s premium last week. I am up ~50% on those, is now a good time to buy back, or is the goal to hold to 100% gain? +Hi, + +So I've just got a new job, fully remote but I need to be relatively close to their offices. My pay is Ā£30k a year with 5-10k bonus per year. + +I'm wondering if Ā£1k per month is way too much? It's pretty much the norm for rent everywhere I've looked that's close enough to the workplace. + +This isn't necessarily including bills. + +I have a cheap road legal track car and tax will be something like Ā£20 a month, will only be insured on an as-needed daily basis. Car will barely get used apart from track days and the occasional usage for groceries and to go visit friends/family. + +I use a laptop, not a desktop PC, or TV or anything so shouldn't use much power. +I've traded options for a couple years, mostly using theta decay strategies (the wheel, sometimes OTM spreads) and rarely buying far OTM calls and puts as lottery ticket plays. I've never done much with ITM options outside of buying them for leverage using LEAPS. + +Here's my thesis: + +I want to make an outsized bet that there will be some black swan event soon that could send the market toppling, or that inflation will start to get out of control fast and JPOW will do a 180 and go Paul Vlocker on this party and brutally murder the bull. + +In the event of raising interest rates or a sudden and severe downturn, I suspect zombie companies will start to blow up left and right. The HYG ETF is comprised of junk bonds, many of which are companies I would consider teetering, especially if we have a rapid onset recession or rapid interest rate increases. + +I was looking into selling ITM call credit spreads as a way to short the fund, with limited loss potential and without having to payout the dividend, pay borrow fees, or margin interest like I would if I was directly short. + +Looking at specifically selling the $70c and buying the $88c for as close to $18 a spread as I can get. Experation can be variable but I'm looking for in the next 6 months. + +Let's say I'm able to sell this spread for $17.95 and I sell 1000 of them. That's $1,795,000 in premium collected. If HYG collapses below $70c before expiration most of the intrinsic value will evaporate and I can close anywhere between break even and a $ million + payday. If I'm wrong I lose $0.05 ($5 per contract) per spread plus commission costs. ($5000 + $1300). So for a max loss of $6300 I could potentially make up to $1.7 million by shorting junk bonds when everyone is uncertain of the future. + +The only risk I see is if I get assigned early, I'll have to exercise my long leg early to cover the short created on my assigned short call. Even in this case I only lose $5 per contract that gets assigned early on me. + +The other "risk" I see is there's no way I can get filled that close to the risk free rate. ($18 a spread between $70c and $88c) maybe I'll have to adjust to $17.90 in which case max loss is $11,300. Or $17.85 where max loss is $16300. + +So long as I can get reasonably close it seems like an absolute insane payout for just taking on early assignment risk. + +What am I missing? + +Am I really that likely to get assigned early on my short $70c leg? + +Any input would be greatly appreciated. +posted this literally yesterday pointing out shorts were at an ATH +https://np.reddit.com/r/CryptoCurrency/comments/8bdgkl/signs_that_the_bears_are_going_into_hibernation/ + +/u/arsonbunny theory about the [BART formations] (https://pbs.twimg.com/media/DZQ1oTYVMAA_-bs.jpg) may hold merit after all. + +https://np.reddit.com/r/CryptoCurrency/comments/8aymhw/how_and_why_exchanges_are_manipulating_the_price/ + +textbook market manipulation. + +sharp drop 4 hrs prior to the flash bull run. baiting more retail investors to short the market. + +let's see what happens next... +I'm 25 years old, just graduated from university. I want to learn how to trade and make another source of income. At what age did you start learning and practicing trading? Thank you for sharing. +Let's say... + +you have a small account of $50k, risk management in place, good mental and you follow strategy that simply works with discipline. + +What is a realistic % monthly gain for an account? What kind of goal is healthy to have? + +I heard all kinds of crazy stuff like 80% gain every month but I don' trust them gurus.. HIGHLY doubt that's even realistic. + +Is 10% - 15% doable? + +Thanks for any answer :) *I tried to google reddit for this question but I couldn't find this one.* +I'm 25 years old, just graduated from university. I want to learn how to trade and make another source of income. At what age did you start learning and practicing trading? Thank you for sharing. +I've been running the numbers on military compensation and it seems really insane. + +An O-3E with 20 years makes $7,026 per month, plus housing and various other (tax-free) allowances. Depending on where you live, this is easily over $100k a year. + +Following that, you get a pension for 50% of base pay after 20 years of service. For an O-3E this is ~$42,000 per year, for life. To do the same with a 4% withdrawal strategy, you would need $1,050,000 in assets at age 40. + +And on top of all of this, the majority of military income is expendable, so even more money could be made in those 20 years through real estate and aggressive investing. On top of your pension, you could easily have another $1M or more in various savings and investments. + +All in all, I'm finding it really hard to see a better path to FI than simply joining the military. Are any civilians out there willing to try and change my mind? +'Housing market is looking increasingly vulnerable with a price correction possible': ING + +[https://finance.yahoo.com/news/housing-market-is-looking-increasingly-vulnerable-with-a-price-correction-possible-ing-162951325.html](https://finance.yahoo.com/news/housing-market-is-looking-increasingly-vulnerable-with-a-price-correction-possible-ing-162951325.html) + +šŸ“·[**Ines FerrĆ©**](https://www.yahoo.com/author/ines-ferre)**Ā·Markets Reporter**Thu, May 19, 2022, 12:29 PM + +"The housing market is looking increasingly vulnerable with a price correction possible," says one economist. + +ING's chief international economist James Knightley points to the rapid rise in home prices making it more challenging for prospective buyers to save for a deposit at a time when inflation is shrinking real incomes and confidence is suffering. + +ā€œOn top of this, the latest housing data shows that this sector is the most vulnerable to the rising rates environment with the growing prospect of a slowdown and potential correction in coming quarters,ā€ Knightley wrote in a recent note. + +The average mortgage rate for a 30-year conventional loan rose to 5.3% last week. The median cost of a home in April was still at [a record high](https://finance.yahoo.com/video/mortgage-rates-people-really-getting-210456678.html) of $391,200, + +House prices nationally have increased 35% since the start of the pandemic. Demand in 2020 and 2021 was fueled by massive fiscal and monetary stimulus and work-from-home options. At the same time, supply has been severely limited with construction slow to catch up. + +The tide may be turning now. + +Mortgage applications are plunging as borrowing costs are rising. Housing supply is expected to hit the market later this year, when demand is potentially dropping. + +ā€œHence our belief that the rapid price appreciation of housing could quickly flatten out and possibly reverse,ā€ writes Knightley. +Hi all - planning to FF in 2 yrs and I am contemplating what to do with our 2nd home. Any advice on keeping, selling or renting is greatly appreciated. + +Bought a beautiful oceanfront property in Maine in 2016 for $1.4M to be used solely as a retreat for our family of four (ages todayā€¦.48,47,15,13) + +6 yrs later itā€™s clear that my expectations for the house were only partly realized. My wife isnā€™t that into the house for a variety of reasons (neighbor situation, logistics of two houses, balancing kids schedules while maximizing our time there every weekend in the summer. My kids like the house but as theyā€™ve gotten older I feel like they could take it or leave it. + +The beach house is 100 miles from our primary home in MA, so weā€™re able to get there in 1.5 hrs. We close it down in November and open it back up in May. + +The realtor we dealt with when buying the house recently reached out saying he has multiple buyers interested in the property and would list it at $2.2M. My remaining mortgage is $720k @3.375. Its our only debt. + +At this point, I donā€™t feel like keeping it as a vacation home to be used by our family is a smart option and I think Iā€™m ready to sell it or rent it out. + +Sell it - re-invest a nice profit and wipe my hands clean. + +Rent it - this interests me. It would give me a side-hustle when I retire in 2 yrs at 50. I know it would be a lot of work but I feel like I would enjoy coordinating the logistics around a short-term rental scenario. It would give me an excuse to visit the house on a regular basis, carve out windows of time where we could still stay there, and still keep the option of selling it down the line. The house would rent for $6k/week. I would target renting 10-15 weeks each year. + +If I pursue the short term rental option Iā€™d look to refinance, possibly with a collateralized loan with a private bank. We have $8M in investable assets. + +What option would you choose? Wish everyone a fat and prosperous 2022! +Hi everyone. + +Looking for some clarification before I head to the store. The phone I purchased was a 'B' grade, however I viewed it in store specifically and bought it because it looked basically brand new. + +Now that the phone has been reported lost/stolen and has been blacklisted by whoever traded it in I'll need to return it. I would rather not get an exchange for another B grade model that will likely be well worn now. As the phone is not simply 'faulty' but is actually technically stolen goods, do I have any right to refund rather than exchange? + +Was purchased Nov/Dec. On my AMEX! + + +EDIT: Thanks for everyone's comments so far. Just some clarification. It was purchased in store, not online. I have checked checkmend and it's definitely blacklisted, will enquire with EE. I don't know if it was reported lost/stolen, or if the person has stopped paying their bill. +[https://www.blockchaincenter.net/bitcoin-supply/](https://www.blockchaincenter.net/bitcoin-supply/) + +**2.4 Million BTC on all exchanges WORLD WIDE.** + +2.5 Million Left to mine(by 2140) + +**70%+ of Circulating is NOT FOR SALE** + +1.7 Million assumed to be lost forever + +500,000 JUST IN GRAYSCALE ALONE!!!! + +2024 - ONLY 450 COINS WILL BE MINED PER DAY WORLD WIDE + +This is simple math. You don't need to be an accountant to figure this out. Get your head out of the sand. + +Guys, stop waiting. Buy Bitcoin Now. +Im 20 years old, own a car and live with my parents. Work a casual job earning 26.60 an hour and basically working fulltime hours aswell as weekends so im earning about 1k a week. Expenses are really low as I only really have to pay for food/petrol. I have no debts or credit card and have about 5k sitting in an everyday account and want to do something with it but have no idea what. The first thing to come to mind is to put it in a savings account even though it's not the most ideal thing as inflation always exceeds the interest. Is there anything else I can do with it? If a savings account is the only good option which bank/account should I go for? Currently am with Commonwealth but happy to shop around for the best offers. What else could I do to invest in a good financial future and make the best of all the money I have/will be earning? +Hello. This is my first Possible DD into how an NFT being launched after the London Hark Fork on August 5th is the play GME HOLDers have been waiting for. + +But I really wanted a more in depth of how an NFT works and how it could be used with GME. + +Full disclosure, smooth brain with both limited experience in investing and crypto (I'm already seeing your eye rolling, and I accept that) + +So please, point out anything and everything I may get wrong. + +So, lets begin. We all know the story, GME... shorted to all hell, via SHF with seemingly unlimited resources and lack of a soul and common decency. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +What do you do when you want to get rid of shorts? Offer a dividend. RKT did it, more importantly Overstock did it, but with a twist, they offered crypto, which initially worked but the DTCC found a loop hole. + +Now this post from [u/ravenouskit](https://www.reddit.com/user/ravenouskit/) [What Happens if GameStop issues an NFT dividend?](https://www.reddit.com/r/Superstonk/comments/opdh2k/lets_try_again_shall_we_see_if_mods_want_to/) now this post cites u/tatonkamen156 breaksdown what would possibly happen. + +I want to go over, how the NFT may be used in the manner u/tatonkamen156 states. + +So, N-F-T, NON-FUNGIBLE TOKENS, long story short NFTs are tokens that are unique and cannot be replicated. We've seen it used in art, but it as applications that extend to gaming and DEFI. + +Finematics on YouTube has a great, and short explainer on this [What are NFTs all about](https://www.youtube.com/watch?v=Xdkkux6OxfM) + +But in essence NFTs can be used to link say... a piece of digital art, music, within games (we'll get back into that one) and also securities (stonks). + +Basically you attach an NFT to say a stock, that stock is now unique as a result of that NFT. It cannot be copied, split, or just made out of thin air (synthetics). + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +How would you do this? Via a dividend, now dividends can be cash, stock, property, scrip, or liquidating. + +We're going to focus on PROPERTY. ERC721 (NFT standard for unique tokens on Ethereum) and related standards enables frictionless, secure trading of digital assets to occur anywhere in the world. + +[https://www.forbes.com/sites/nataliakarayaneva/2021/04/08/nfts-work-for-digital-art-they-also-work-perfectly-for-real-estate/?sh=4f0f4fa443f3](https://www.forbes.com/sites/nataliakarayaneva/2021/04/08/nfts-work-for-digital-art-they-also-work-perfectly-for-real-estate/?sh=4f0f4fa443f3) + +A Physical Asset NFT is **a unique digital token** that denotes the right to take physical custody of an object, or in this case, a security.. like a physical share of a stock. Or in this case, PROPERTY. + +How this related to GME? Well, say you have all of your authorized shares floating around AND hundreds of millions of synthetics, you attach a unique Physical Asset NFT to each stock in the form of a dividend. This will force the SHF to account for ALL their synthetics shorts and close. + +How does this affect GME? As u/tatonkamen156 pointed out, a unique physical asset to a stock has no way to be naked shorted. As SHF cannot create their own NFTs to attach to their synthetics shares. Like how they circumvented Overstock crypto dividend by giving cash. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Etherscan shows that a single transaction was made 71 days ago (Tuesday March 25th) so this goes to show that GME's plan has been going on for some time. + +[https://etherscan.io/tx/0x89df343d7e245d42a09de2c790c8c471a0956f32b55631a53a15268c56a74c2d](https://etherscan.io/tx/0x89df343d7e245d42a09de2c790c8c471a0956f32b55631a53a15268c56a74c2d) + +Then we have the release of [https://nft.gamestop.com/](https://nft.gamestop.com/) + +While vague, it alludes to the power of gamers, creators, and collectors. We have seen what NFT can do for digital art and games, i.e. see the Finematics [What are NFTs all about](https://www.youtube.com/watch?v=Xdkkux6OxfM) to the end to see how many ways NFTs can be used, especially in e-commerce and gaming, which just HAPPENS to be right up GameStops Rally + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +But the real stake (theory) here is assigning a NFT as a dividend to each GME stock. All of which can be verified by the ether block chain. So if there is a float of 55mil shares, then those 55mil share can be identified via the NFT and on the Ether block chain. + +Almost defeats to the point of the newly implemented: CATS + +Consolidated Audit Trail + +[https://www.catnmsplan.com/](https://www.catnmsplan.com/) + +"The Consolidated Audit Trail tracks orders throughout their life cycle and identifies the broker-dealers handling them, thus allowing regulators to efficiently track activity in Eligible Securities throughout the U.S. markets. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +[https://etherscan.io/token/0x13374200c29c757fdcc72f15da98fb94f286d71e](https://etherscan.io/token/0x13374200c29c757fdcc72f15da98fb94f286d71e) + +Here you can see a "Max Total Supply" (could mean the number of NFTs to equate to number of float? who knows, smooth brain over here) + +With the upcoming London Hard Fork (Ethereum upgrade), the fact that the GameStop NFT team has been at work on this for a majority of the year, the upcoming London Hard Fork set for tomorrow before market open, which will update Ether to the new standard and protocols. + +Seems like a prime opportunity to announce NFTs for GME. NFTs for stocks, NFTs used in games, NFTs to be used in digital collectables. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I will leave this Tweet from [@EthereumMemes](https://twitter.com/EthereumMemes/status/1422264182976696323?s=20) + +[GME + NFT Dividend + Blockchain](https://preview.redd.it/guh6k0vmngf71.jpg?width=640&format=pjpg&auto=webp&s=9a564a4e6a4b50861350a362b191e1cafcb3753c) + +TL;DR NFTs can be used as a dividend (classified as property/asset, not a security). Attaching this NFT to each of the issued shares by GameStop would clearly identify which shares are legit and which shares are synthetic as FUCK and have to be closed. So MOASS. + +Edit: just my smooth brain opinion on the subject +Back in early 2000s I remember being taken into the gymnasium with all the other upper school students where a presentation took place. + It was some kind of finance advisor dude, and he kept going on about how we MUST contribute to a private pension as soon as we enter the world of work, because he said there would be no government pension provided when we got to retirement age. + +He also discussed motivation and not giving up through our higher education. +Safe to say his words fell on deaf ears cos here I am 20 years later and I quit higher education. Also working a menial job and dont put anything aside for a pension, except what the govt "force"me to, unless I opt out. Which I'm too scared to do in case I'm left with no income in my old age. + +With his words ringing in my ears, I'm now inclined to believe that the reason I am forced to be in a pension scheme through my work is because the government is indeed planning on phasing out the state pension and have everyone rely on their private one. + +Is this reasonable thinking? +I bought an investment property under my name in Texas and want to transfer it to a LLC for liability protection purposes. Thereā€™s a due on sale clause that gives the bank the option to call the loan if I transfer the property. How do you manage to transfer without triggering the due on sale clause? Are the chances of it being called slim to none that everyone rolls the dice and just transfers to the LLC? +People of Reddit. When did you start creating rental properties (BRRRR) method, and what tips would you give before I decide to get in? + +Just some background. Iā€™ve been saving quite a bit, 29 yo, own a row home in Philly. Iā€™m looking to jump into my first rental property, Philly region, and wanted to hear your experiences and pit falls. Maybe some HML and connections to develop deeper ties to grow my portfolio. Iā€™ve been reading for 1 year have real estate connections. Thanks! +Just the title. Iā€™m a newish investor, currently own one SFH that has stable renters. Have a good amount of cash on hand that Iā€™ve been storing up to buy another SFH. I think 2008 was a bit of a black swan event, right? So if it was, what should people normally expect with inflation like we have currently/are gearing up to experience when it comes to the housing market? I know we donā€™t have a crystal ball. Iā€™m just trying to find out if this current sellers market will turn into buyers market, if people will simply sit on inventory longer, etc. Any insights or general pontification is welcome. Thank you. +Iā€™m looking to begin investing in Section 8 housing. Any and all book/podcasts/websites where I can learn as much as possible would be greatly appreciated šŸ™ +Looking for some advice from reddit on a situation I'm encountering with a home I just purchased. During renovations (making place rent ready) the neighbor parked in my driveway. I approached the wife, and she was super nice, moved the car, and said she wouldn't do it again. The husband on the other hand.. ugh .. The homes are laid out along an entire street and pretty much all driveways are next to each other with maybe a 10 foot gap between each house. The previous owner (who is now dead.. hence them selling) had an arrangement to share driveways if the other wasn't using it. Idk why that's a thing.. seems awful imo. Anyway, fast forward to this morning when I drive past the house doing a quick checkup, and low and behold... the husband is now parked there. I pull in and he starts screaming and yelling at me as they are not used to change or something.. not sure.. I managed to settle things down and work it out after a 20 minute chat, but my question is this. What should I do if my tenants move in (1 week from now) and the neighbors start parking in my driveway again? I don't want to stir the pot, but I do want to know what my next steps should be here. + +&#x200B; + +Side Note: I'm starting to learn more and more that the property management side of investing should really be called people management as that piece is far more important to get right and can be fragile. + +&#x200B; + +TLDR: neighbors parking in new rental house's driveway, became confrontational with me, tenants moving in in a week. How to manage this relationship if it gets worse? + +EDIT: After the tenants moved in, they have two cars and fill up the driveway, so there is no longer room for the neighbor to park and steal a spot. Been smooth sailing ever since. I would have put up a fence if my place allowed it though as that seemed like a great idea! +Hey everyone, + +&#x200B; + + Found this deal when looking for my first - I did some basic numbers and the ROI seems pretty high. I want to see if I can have some experts with more experience look at this. + +&#x200B; + +[https://www.zillow.com/homes/for\_sale/fsba,fsbo,fore,cmsn\_lt/pmf,pf\_pt/apartment\_duplex\_type/2087007862\_zpid/250000-450000\_price/977-1759\_mp/zest\_sort/27.707239,-81.914063,26.676299,-83.390351\_rect/9\_zm/18bd95c81fX1-CR1mbukpez1stby\_z5m02\_crid/](https://www.zillow.com/homes/for_sale/fsba,fsbo,fore,cmsn_lt/pmf,pf_pt/apartment_duplex_type/2087007862_zpid/250000-450000_price/977-1759_mp/zest_sort/27.707239,-81.914063,26.676299,-83.390351_rect/9_zm/18bd95c81fX1-CR1mbukpez1stby_z5m02_crid/) + +&#x200B; + +**Rent is 783 per unit, 56,400 a year in gross revenue.** + +**2800 expenses monthly (Mortgage, Tax, Insurance, CapEx, vacancy.)** + +**1898 cash flow/m -------22,776/y** + +**90,000 downpayment/22500 gross profit=** **COC = 25% ROI COC** + +&#x200B; + +Do my numbers look right? why would anyone want to sell a property that has major work done to it in the last few years (roofing, ac units) when it is this profitable? + +&#x200B; + +what is hiding? +Owned a significant chunk of a start up that was aquihired early. 1.4M liquid exit post tax. Conditional - now working at new place for 2 year min, (but with 38 hr weeks VS 100 when running it).No equity upside in new co, 200k salary. + +Goal: fat fire with 7m. Would like to do so asap, but also cannot handle stress of another startup. Building this made me lose contact with all my friends, drop out of uni, etc. Am now very happy in a relaxed job but creating another startup may age extremely rapidly. + +What are my options? I could lock up 1.4m in vanguard and work my favourite relaxed jobs until 35/40, spending all my income disposably. This would sustain my luxurious lifestyle goals as I don't plan to spend a lot when working (but when retired, I want $700 a day budget to travel and rent). + +Could also start another company... Or work as a high powered front end dev (or maybe I'm eligible to be management in silicon Valley now...?) was in more of a product owner role at the end of the company, but have a technical background. + +Please help a young and emotionally wrecked person figure out what the heck to do. Thank you. +Tesla being the example. + +The S&P seems to have criteria for including stocks, namely 4 quarters of profits. This is why Tesla hasn't been added yet (although it presumably will soon). + +I was really surprised about this -- I didn't do ample research. Some questions for discussion. + +- Are there any other large or mid-cap stocks not included in the S&P? + +- Does the profits requirement of the S&P make it actually somewhat of an active, not passive investment? + +- Is the total market index (VTI, for example) also like this in any ways? Are there criteria needed for inclusion in VTI, besides market cap? + +Would really appreciate any thoughts about this stuff. I'm thinking of switching my entire portfolio from the S&P index to the total market.