diff --git "a/reddit_finance_43_250k_410.txt" "b/reddit_finance_43_250k_410.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_410.txt" @@ -0,0 +1,10000 @@ +UPDATE 2: BLOCKFOLIO HAS JUST LISTED $FROG + +UPDATE: CURRENTLY MOONING šŸš€šŸš€šŸš€ + +&#x200B; + +šŸøšŸø The OG Frog.Finance ($FROG) šŸøšŸø + +So itā€™s been almost 4 daysā€¦ While most other projects are dead, $FROG is still ALIVE, HEALTHY & THRIVING>> + +EVERYBODY has heard of iconic Pepe the Frog šŸø, heā€™s been making us laugh for more than a decade. Some may even argue he is more up there in the meme industry than Doge. Definitely more than Grumpy Cat. Essentially meaning $FROG has a very effective edge when it comes down to marketing, brand awareness, meme culture and familiarity. + +Forget comparison to Hoge and Safemoon.. $FROG have AMBITIOUS plans to massively scale and achieve Pepeā€™s crypto meme dream. The team of developers and A+ community of tadpoles are more active than ever pumping out memes, videos and progress left, right and CENTER... itā€™s flown under the radarā€¦ NOT FOR ANY LONGER šŸš€ + +āž”ļøāž”ļøāž”ļø **$FROGā€™s LONG TERM VISION.** Unlike Hoge and Safemoon, which are simply buy and hold tokens. $FROG will have similar tokenomics WHILE being a high demand utility token. $FROGā€™s huge future goal is to become the #1 stop shop ecosystem for meme NFTs completely REVOLUTIONISING the meme industry for good. Essentially an advanced crypto NFT marketplace utilising $FROG tokens to mint meme NFT variations as well as the main $$ as the base currency for our Pepe god. Eventually adding the framework to allow the minting of other meme NFT variants such as Doge, Grumpy Cat, Animals , Fish , Hoge, Pokemons you name it, the meme potential is limitless. Through this Implementation of an NFT ecosystem the plan is to also install further automated token burns for every NFT minted/purchased when the ecosystem is launched to reward $FROG investors in the Medium>Long term. NFTs are planned by the team to be limited depending on popularity, encouraging different tiers of rare collections.. These will cost more $FROG and in return increase the token burn quantity and demand for $FROG and certain NFTs. Topping off this ecosystem it will be loaded with features such as $FROG run games (leapfrog), $FROG run gambling šŸŽ° , multiple staking and farming options to complement token value/adoption šŸš€. + More to come! + +&#x200B; + +**šŸ“£šŸ“£ First off. $FROG project is completely safe, fair, secure and transparent**: + +āœ… No mint function or proxy in the contract preventing any change of the code. + +āœ… Burned surplus coins. šŸ”„ + +[https://bscscan.com/token/0x035f0470755dbb305fb2b4ff775fb7b4ce2354e5?a=0x000000000000000000000000000000000000dead](https://bscscan.com/token/0x035f0470755dbb305fb2b4ff775fb7b4ce2354e5?a=0x000000000000000000000000000000000000dead) + +āœ… No presale. (Minimises whales) + +āœ… 95% Liquidity locked for 1 year. šŸ”’ + +[https://unicrypt.network/amm/pancake/pair/0x56774B78108A2d3747FA86E7762edE0404652fDB](https://unicrypt.network/amm/pancake/pair/0x56774B78108A2d3747FA86E7762edE0404652fDB) + +āœ… No hidden team tokens. + +āœ… Fair Distribution of tokens (also minimises whales) + +āœ… Completely Rug Pull Proof. + +&#x200B; + +šŸ“Š Current Circulating Supply: 4,668,162,086 ā€” $FROG 50%+ BurnedšŸ”„ of 10,000,000,000. + +šŸ“Š Currently at <$200k Market Cap at time of post. + +šŸ‘‰Token: [https://bscscan.com/token/0x035f0470755dbb305fb2b4ff775fb7b4ce2354e5](https://bscscan.com/token/0x035f0470755dbb305fb2b4ff775fb7b4ce2354e5) + +&#x200B; + +**What are $FROGā€™s short term/current plans?** + +āž”ļø Complete Overhaul/Revamp of website (In progress), + +āž”ļø Receive secured SSL Certification (Applied, should be updated very soon) + +āž”ļø CoinMarketCap Listing (Applied 48hrs ago) + +āž”ļø CoinGecko Listing (Applied 48hrs ago) + +āž”ļø Staking/Farming Implementation (In progress, big project at the moment) + +āž”ļø Massive Marketing Campaign Launch (next few days) + +āž”ļø Crypto Meme Influencers and Project Partnerships for Farming pairs + Brand Awareness + +āž”ļø Whitebit (Investigating) + +āž”ļø Smart Contract Audit (Current backlog in services/have applied) + +āž”ļø Grow Social Medias and Frog Community. (Improving) + +&#x200B; + +**$FROG Future projects after short term plans are complete** šŸš€ : + +āž”ļø Meme toolkit release (Simplify and Produce Higher Quality Memes) + +āž”ļø Release games running on $FROG currency + +āž”ļø Allow gambling options on $FROG currency (+Token burn implementation) + +āž”ļø NFTs of community memes and submissions. Issued in limited quantities, must be exchanged through $FROG + +āž”ļø Launching merch and merch NFTs + +āž”ļø Launch of the Meme NFT Ecosystem + +āž”ļøSignificantly increase Partnerships with Meme Projects to extend a vast range of NFT variants within the ecosystem + +āž”ļøImplement further token burns for games, gambling, NFT features. + +āž”ļø Binance Listing Application (When volume and adoption picks up.) + +&#x200B; + +**$FROG Tokenomics (2% Fees):** + +1% Burn every swap šŸ”„ + +1% Distributed to holders every swapšŸ”„ + +&#x200B; + +Come JOIN our army of frogs and tadpoles! Have a laugh! Pray to our god Pepe. + +šŸ‘‰ Join Reddit (Especially for the Memes) [https://www.reddit.com/r/FrogFinance](https://www.reddit.com/r/FrogFinance) + +šŸ‘‰ Join Discord [https://discord.gg/REEYvTjN3M](https://discord.gg/REEYvTjN3M) (Meme Submissions) + +šŸ‘‰Join Telegram: [https://t.me/frogfinance](https://t.me/frogfinance) (Price Bot Active) + +šŸ‘‰ Join Twitter : [https://twitter.com/FrogFinanceDev](https://twitter.com/FrogFinanceDev) + +šŸ‘‰ Check out Medium: [https://frog-finance.medium.com/](https://frog-finance.medium.com/) + +&#x200B; + +šŸ“Š $FROG Chart has formed a nice base šŸ’ŖšŸ», every dip is being eaten. slowly breaking out of a falling wedge. Was pumped and dumped as everyone assumed it was another shit scam token on day 1: [https://unidexbeta.app/bscCharting?token=0x035f0470755dbb305fb2b4ff775fb7b4ce2354e5](https://unidexbeta.app/bscCharting?token=0x035f0470755dbb305fb2b4ff775fb7b4ce2354e5) + +šŸ‘‰ Buy on PancakeSwap šŸ„ž : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x035f0470755dBb305fB2B4Ff775Fb7B4Ce2354E5](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x035f0470755dBb305fB2B4Ff775Fb7B4Ce2354E5) + +Contract Address: 0x035f0470755dbb305fb2b4ff775fb7b4ce2354e5 + +P.S We also have a meme-bounties section on our Discord for whoever can make the most quality memes. Thatā€™s for all you meme creators :) + +&#x200B; + +Grandpa Frog, šŸø +Canā€™t say how many times Iā€™ve needed to pick up from the food pantry, only to get home and realize I just picked up someoneā€™s expired cans/soup/etc that they donated after obviously cleaning out their cupboards. + +Itā€™s not ā€œhelpingā€. Giving ā€œthe poorsā€ your expired food may make you feel good about yourself, but it sends the message that weā€™re only worthy of having your expired garbage. + +Edit- I know that canned items arenā€™t necessarily expired by the time they reach the dates printed. I am mostly pointing out the message it sends by only donating your expired items that you found by cleaning out your cupboards- that people who need the help from the pantry arenā€™t worth the fresher options in the first place, and youā€™re donating the things you yourself wouldnā€™t take the risk eating. +I want to grow my savings. I have 10k USD right now. I am an electrician, I make okay money. + +Where do I even start with investing? I've been reading a ton of articles on investopedia, but not sure where to take it from here. Also not sure if this is a good market to start investing in... I feel like another recession may hit soon, and if it does, then I shouldn't I hold out until then to begin investing + +Thoughts / advice appreciated +Hi everyone, 7 months ago I sent mistakenly 1 BTC to the Huobi's cold wallet. Yes, I'm retard, I feel terrible. + +&#x200B; + +**Transaction**: + +[https://www.blockchain.com/es/btc/tx/4769c93d8c9e0d5eaf8311ac8af513e23096ae461da0256a77cf70ca73fd4e4b](https://www.blockchain.com/es/btc/tx/4769c93d8c9e0d5eaf8311ac8af513e23096ae461da0256a77cf70ca73fd4e4b) + +&#x200B; + +**How I send mistakenly 1 BTC to the Huobi Cold Wallet?** + +A day I was watching a BTC rich list and exploring the addresses. I'm unsure how exactly it happens because I verified the address, but when I sent 1 BTC I did mistakenly to the wrong address!!! I verified that I was sending to the correct address, but I had to remake the sendship because the wallet crashed, probably there was the problem, the huobi's cold wallet address was in the clipboard. Anyways I don't have certainty how it happens.List: [https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) + +It was a mistake, I work often sending and receiving BTC. When you do a certain task all the days copying wrong data could be a **TERRIBLE** but **EASY** mistake to do, because we are humans and we fall in the trust. **As you did a task correctly many many times you earn trust on yourself and try save time.** If it didn't happens to you ever you aren't being honest. + +&#x200B; + +**7 months talking with Huobi Customer Support (part 1)** + +I tried to contact Huobi's customer support. First they first didn't understand me, thinking that I tried to deposit on Huobi and sent to a wrong address. After they understand they told me that the address doesn't belongs to Huobi and they can't help me. That is false, I did an investigation and they have direct relation with this address, they can help me. Read my following analysis please: + +&#x200B; + +**Huobi Ownership Analysis** + +Searching, sites says that the address belongs to Huobi Huobi support says that address doesn't belongs to Huobi + +I don't know if belongs to Huobi or not, but I can deduct and track that the address is related with Huobi + +Why? The address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 regulary sent big amounts to 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D + +Then, is VERY PROBABLY THAT 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 OWNER KNOWS 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER And the 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER can help me. + +Searching, some sites (and sites like USDT Official page [https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist](https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist)) says that the address 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D belongs to Huobi + +Again, I don't know really if the address is of Huobi, but I can deduct and track that the address is related with Huobi + +Why? On my Huobi account I made only 2 BTC withdraws from Huobi in the past + +2018-05-08 18:36:45 , txid: 0e6bf02323ebc166b6638afcd6170ecb73948748235e687def7e7a3cb1902fca , it has 239 inputs 2018-05-08 20:17:10 , txid: b59b988d642fe3773268e246ef1a0d048bbd3f734a611d00722b39126ed9e20b , it has 239 inputs too + +In both transaction, all inputs are addresses that BELONGS TO HUOBI, because you huobi are sending me BTC + +Both transactions has 39 addresses as inputs in common (all huobi address, maybe deposit addresses of anothers huobi users) + +Example: 1M9ndPSQ4fmMKaKW2oX7LtjduDqYUcFKCW + +Analyzing the transactions of this address, we can found many transactions sending BTC to 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER + +[https://www.blockchain.com/es/btc/tx/740236113bde5a95cfc168d732762be00eee435556c686b00b74b85b3e6c3f77](https://www.blockchain.com/es/btc/tx/740236113bde5a95cfc168d732762be00eee435556c686b00b74b85b3e6c3f77)[https://www.blockchain.com/es/btc/tx/e2367daa464818d46da93e9a364f23536ef31e767f04cd01ff0a01e2baca6f87](https://www.blockchain.com/es/btc/tx/e2367daa464818d46da93e9a364f23536ef31e767f04cd01ff0a01e2baca6f87)[https://www.blockchain.com/es/btc/tx/5c16244c0efaba9aeb1e141e9ff4c8702f7a34f44bac73121ea6f55eb98adab2](https://www.blockchain.com/es/btc/tx/5c16244c0efaba9aeb1e141e9ff4c8702f7a34f44bac73121ea6f55eb98adab2)[https://www.blockchain.com/es/btc/tx/69e73d1bbcdcb8ffacf0ea555298ee226f1740c02d1131e2db72e7ade32aace1](https://www.blockchain.com/es/btc/tx/69e73d1bbcdcb8ffacf0ea555298ee226f1740c02d1131e2db72e7ade32aace1)[https://www.blockchain.com/es/btc/tx/110eff2733a88b626ca38d63b9f2d8b6d5b3e26574f1d918c99c36c785eb0d56](https://www.blockchain.com/es/btc/tx/110eff2733a88b626ca38d63b9f2d8b6d5b3e26574f1d918c99c36c785eb0d56) + +User withdraw? No BECAUSE the amounts are lower than the quantity required for a Huobi withdraw (0.01 BTC) VERY VERY PROBABLY that 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER is Huobi And seeing all transactions, probably all of them are being used to pay USDT fees (i didn't study this part but isn't relevant) + +Then, if 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER is Huobi, you can help me High probably that you know the 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 OWNER , address which I mistakenly sent 1 BTC + +Please, tell him that give me back my 1 BTC + +See my transactions asking the 3CBq.. owner give my BTC back: [https://www.blockchain.com/es/btc/tx/d60eed9b025f9c5d3fe3b168e2f64e0abcb880123c1c0a51290eaeddbd60b8d7](https://www.blockchain.com/es/btc/tx/d60eed9b025f9c5d3fe3b168e2f64e0abcb880123c1c0a51290eaeddbd60b8d7)[https://www.blockchain.com/es/btc/tx/0015646c3df821b035a15837b26c65f458276c05128bbaeae3293284d178d14e](https://www.blockchain.com/es/btc/tx/0015646c3df821b035a15837b26c65f458276c05128bbaeae3293284d178d14e) + +sending to 1SentYou1BtcP1sBackToMeP1sNznQ1zH(read the address) and to 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 with the same addresses used to send 1 BTC to 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 + +&#x200B; + +**7 months talking with Huobi Customer Support (part 2)** + +After understanding this , they asked me my consent to pay a fee. I agreed. After they asked me sign a message with my privates keys. I did it. And finally they tell me "Wait". I'm waiting 7 months ago, all months I ask and they ever reply the same "We will contact you". Now they told me " Helloļ¼Œsorry for the inconvenience, we feedback your problem to our technology department.Ā  After a series of research and development, but it can not be solved.Ā  Please understand this.Ā  " + +I want to think that the team is failing and Huobi isn't wanting steal my BTC. What they are doing maybe could be illegal. I'm thinking to talk with lawers on Singapore, I don't know what more to do. + +I tried to contact the CEO Livio on Twitter ( [https://twitter.com/livio\_huobi](https://twitter.com/livio_huobi) ) but they don't reply me! I want to think that someone else is administering their account. + +&#x200B; + +**My ownership evidence**: + +Message: + + I sent mistakenly 1 BTC to the address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 on these transaction + TXID: 4769c93d8c9e0d5eaf8311ac8af513e23096ae461da0256a77cf70ca73fd4e4b + + Please send me back to 3J4n1P9qX1nnPHxb8e63B8z7HQs65QXRoz or 1NVvNmfpPrGey4fKRUnDrXbzbbZFDqpXHL or 1K8JEvgg3sketnpExziFupBb2UQaQaCiaE + +( Pastebin: [https://pastebin.com/K6bXr6Mz](https://pastebin.com/K6bXr6Mz) ) + +Signature (1NVvNmfpPrGey4fKRUnDrXbzbbZFDqpXHL) + + H/443F0x29qHAQJj8FoizXCX4V+kVzjifKq2LYhsJisjGf5iyBotpF0W7y74lg7vMV9ebsHgaW9FEfzzd8TIA6U= + +Signature (1K8JEvgg3sketnpExziFupBb2UQaQaCiaE) + + H7GCXHHb+Iy6T9xu8c6867Wd7u6jc9sabbMVvGsUtEvddKqbslwajYBfFe3stQvIVJ7mK3Nuyh2aKOOdnjfU840= + +***Huobi CEO contact me please, my UUID is 1995155*** + +&#x200B; + +**UPDATE 16/06/2019**: + +All the balance of **3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64** was sent to **1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D**. That is an address which is PROPERTY OF HUOBI. Read my analysis. Tether saying that this wallet is owned by Huobi: [https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist](https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist) + +&#x200B; + +**Please upvote this and help me , I don't want to start legal actions , please help me** +> Gary Gensler will lead the Securities and Exchange Commission after the Senate voted 53-45 on Wednesday to confirm his nomination to head the nationā€™s top financial regulator. +> +> Gensler, chosen for the role by President Joe Biden, will now play a key part in enforcing and drafting the rules that govern Wall Street, investors and a wide range of other financial entities. +> +> Now, with the SEC commissioners possessing a 3-2 Democratic majority, Gensler will likely have a long to-do list after he settles in to his new job. +> +> Progressives expect the 63-year-old to follow through on his promises to look into a range of topics, including digital currencies, the Game Stop trading mania and how corporate America prioritizes environmental, social and governance issues. +> +> Gensler, a former Goldman Sachs executive, is perhaps best known in Washington for his unyielding work at the Commodity Futures Trading Commission, where he devised the regulatory framework for the multitrillion-dollar derivatives market. +> +> Democrats and Republicans alike asked Gensler in March whether he would scrutinize payment for order flow and game-like tactics used by brokerages to entice customers to their platforms. Both subjects received attention on Capitol Hill this year after Januaryā€™s wild trading in Game Stop, AMC Entertainment and other stocks. +> +> Gensler also noted potential problems with the current structure of payment for order flow, a common practice on Wall Street whereby trading firms, such as Citadel Securities, pay companies to send them their customersā€™ orders for execution. +> +> Questioned in March how the SEC should regulate bitcoin and other digital assets, Gensler replied that the responsibility could fall across the government depending on how assets such as bitcoin are classified. One of his earliest and most-anticipated decisions as head of the SEC will be whether to allow the creation of a bitcoin exchange-traded fund. + +https://www.cnbc.com/2021/04/14/gary-gensler-confirmed-to-lead-the-sec.html + +Gary Gensler also taught the [Blockchain and Money](https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn) course at MIT's Sloan School. +The most well-reasoned investors I follow seem to be laughably rejecting this branding attempt. + +Reality: + +'Evolve or die' is the nature of open source, ecosystem driven, networked tech. BTC fails in this regard. +Personally have heard that GRC is a great alternative to Golem but it's worth getting your thoughts. + +From what I have researched it feels like quite a good long term bet. Most probably won't to the $10's, but for all its potential I feel it's undervalued. + +Want to know if there's any indicators against this idea....For one, it's been pretty confusing to set up. +I've done my DD and Monero seems like, barring some massive hack/crash, it should be within the top 3 crypto within 3 years and at <$100 USD, I'd never forgive myself for not buying in. + +BTC obviously has the potential for growth, but I fear the >$4,000 USD valuation is simply a result of all markets (including the stock market) being up, and that a market downturn will bring BTC back down. I think it's already such an optimistically priced coin ATM, and will probably remain that way for at least a year or two. + +XMR, on the other hand, may begin to draw volume away from BTC and ETH as the layperson in the market catches on to the value of anonymous transactions. + +Thoughts? +Also posting this on /r/CryptoCurrency - [here](https://www.reddit.com/r/CryptoCurrency/comments/7glulr/the_interconnection_problem_which_platform_is/). + +Seems to me that the next big crypto rise will be the blockchain that manages to address the interconnection problem (i.e. a chain that will allow for the exchange information between different blockchains). The crypto that manages to solve this and gain widespread adoption will blast right past our moon to planet moon Endor! + +From my research I've come across several platforms that are attempting to address this: + +* [Blocknet](https://blocknet.co/) +* [ARK](https://ark.io/) +* [Polkadot](https://polkadot.io/) +* [Cosmos](https://cosmos.network/) +* [ICON](https://www.icon.foundation/) +* [Wanchain](https://wanchain.org/) +* [Aion](https://aion.network/) + +EDIT: Not a block chain but another great solution: + +* [Interledger Protocol (ILP)](https://interledger.org/) + +Obviously some fierce competition. Anyone have any thoughts on which of these platform(s) are most likely to succeed in this space? Why? Also do you know of any other contenders that I haven't listed here? + + +**Update:** Thank you everyone for your contributions. Seems that out of this list the strongest contenders appear to be ARK and Blocknet. Also as pointed out by /u/ryano-ark, it has been noted that blockchains do not need to inject code into their blockchain for interoperability with ARK like I initially thought. Both seem to be great projects and I personally will be backing both. + + +It would also be good to get some opinions from supporters of the other listed tokens, as so far the discussion has been biased towards Blocknet vs. Ark. +I got a phone call today from a spoofed number (real police department number) pretending to be from the police department. He said some irs is checking my older tax return and found some improper tax reporting of my scholarship. They were gonna put out a warrant to arrest me and he was going to help me by putting me through some process. Halfway through the call I got suspicious and mentioned I should probably get a lawyer, and he hanged up. +I called the number back, and it was indeed the police department. He immediately said itā€™s a scam and itā€™s been happening a lot. He ensures I will get something in the mail if I actually have problems with the irs and calmed me down. So it turned out ok. + +My concern was that the scammer was actually able to gave the name of my university and the exact scholarship amount(they were from 6-7 years ago). And he somehow also had the idea that I might have reported it incorrect?(I donā€™t think so but I wasnā€™t sure) how did he get that information and how should I protect myself in the future preventing situations like this? +This is my first post here so take it easy on me. As a newbie investor trying to learn about the market, i was searching for articles about crypto to ensure i get to know basic fundamentals in depth. I came up to \*\*this article from Coinbase which said some very interesting and important things to understand the propaganda against crypto by the goverments! + +To sum up so you dont have to read this.. Each year money laundering, drug trafficking etc. account for less and less of cryptocurrencies transactions (lower than half percent in 2020) while the "innocent" cash is used for an extremely larger amount of illicit activities. + +You hear people with power like Christine Lagarde come out and say stuff like that and it makes you angry at first place. But if you sit down and rethink, this is good for us long term. They try to dispute us with all they can, most of the times with unbelievably ignorant means which makes them look even more stupid and helpless against crypto. This is just a reminder that we are here to stay and as much as they fight us, we will come back stronger than ever. + +\*\*Edit : I have trouble with the link so i put it in a comment below but i don't know how to pin it so it's visible if someone could do it it would be awesome, thanks!! +On April 16, 2021 the Securities and Exchange Commission released a staff letter reminding brokers that they will be enforcing a rule which requires brokers that have "fully-paid lending" programs to carry collateral on the shares that are borrowed or lent out. This staff letter is a reminder that the rule will be enforced starting April 22, 2021 (**tomorrow**). + +I believe a lot of people misunderstood this letter, so let's talk about it in depth. + +## Original Letter October 22, 2020 +The SEC sent a letter to FINRA, in response to FINRA's findings that many "Fully-Paid Lending" Programs (FPL) were in violation of an SEC rule 15c3-3. Here is the letter: https://www.sec.gov/divisions/marketreg/mr-noaction/2020/finra-fpl-20201022-15c3-3.pdf + +>Your staff has brought to our attention that a number of broker-dealers are operating programs in which they borrow fully paid and excess margin securities from their customers (ā€œFPL Programsā€). As discussed below, the staff of the Division of Trading and Markets (ā€œDivision staffā€) believes that some of these programs do not comply with the requirements of the broker-dealer customer protection rule (ā€œRule 15c3-3ā€). The staff also believes it would be appropriate to provide a limited amount of time for broker-dealers to come into compliance with Rule 15c3-3 which would allow them to adjust or wind down such FPL Programs in an orderly manner. Consequently, the Division staff will not recommend enforcement action to the Commission if a broker-dealer operating a FPL Program that does not comply with Rule 15c3-3 for the reasons discussed below comes into compliance with the rule as soon as practicable but no later than six months from the date of this letter: April 22, 2021. + +## What is a Fully-Paid Lending Program? +The FPL Programs were created by brokers that wanted a new way to lend out shares and provide compensation to the owner of the share to lend them out to short sellers. This is important to note that FPL Programs lend your shares whether **you have a cash account OR a margin account.** "Fully-paid" quite literally means a share that you have purchased, own and paid for with *cash*. This *could* also apply to shares purchased on a margin account without your direct enrollment as part of a broker's Terms of Service. + +Lots of brokers have FPL programs: + + * Fidelity + * E-Trade + * Ally + * Schwab + * Interactive Brokers + * [Plus many more.](https://np.reddit.com/r/wallstreetbets/comments/l2n5wv/most_of_you_are_helping_the_gme_shorts_and_you/) + +Unlike shares lent out on margin accounts, you *typically* have to enroll into the FPL program in order for your shares to be lent out. That being said, I think some places like Robinhood and Webull lend out your shares by default. I am not sure if it matters if you have a margin account or a cash account. I believe they loan out your shares regardless unless you find a way to opt-out. What I could find in reference to Robinhood, is they *used to* pay you interest to borrow your shares. I've found a few people discussing Robinhood paying interest for lending shares back in 2016-2017. It seems like they may have changed in 2018 or later, now they just borrow your shares and keep the money. (It's gotta be *free* somehow..) Webull appears to have lending on by default and you must opt-out manually. + +## Rule 15c3-3 + +This is the rule that regulates what a broker must do when borrowing your shares. They **must** provide collateral for your shares in the event that they are unable to return your lent shares. This is a **big** problem that brokers are lending shares and not ensuring there is something to collateralize your property. Why? Because if **anything** happens to your shares that were lent out, they are **legally** no longer yours. They have an obligation to make things right for you, but what if the broker goes under? You're done. Your shares are not insured because they were lent out. You can lose them. The collateral is literally the only thing you could get, and if brokers are not providing the collateral, **you have all the risk.** + +What I think a lot of people get wrong is: **This is not a new rule. This rule has been in place since 1982.** + +It was found by FINRA that these new FPL Programs were not adhering to the rules, so the SEC gave them 6 months to come into compliance. The SEC literally said: *We caught you doing bad stuff. You have 6 months to fix it, or else we might do something.* + +Let's read more from the October 2020 letter: + +>In 1982, the Securities and Exchange Commission (ā€œCommissionā€) amended Rule 15c3-3 to add paragraph (b)(3), which sets forth requirements for borrowing fully paid and excess margin securities from customers. The paragraph, in pertinent part, requires a broker-dealer borrowing fully paid or excess margin securities from a customer to enter into a written agreement with the customer that, among other things, specifies that the broker-dealer must undertake to: (1) provide the lender collateral that fully secures the loan consisting of cash, U.S. Treasury bills or notes, an irrevocable letter of credit issued by a bank, or such other collateral as the Commission designates as permissible; (2) mark the loan to market not less than daily and provide additional collateral as necessary to fully collateralize the loan; and (3) notify the lender that the provisions of SIPA may not protect the lender and that, therefore, the collateral delivered to the lender may constitute the only source of satisfaction of the broker-dealerā€™s obligation to return the securities. In the adopting release for these requirements, the Commission stated that the rule will ā€œcompel the firm to turn over the collateral physically to the lender.ā€ +> +>Your staff has informed Division Staff that some broker-dealers operating FPL Programs have not turned over the collateral physically to the lender and therefore retain control over the collateral that is used to secure their borrowings of fully paid and excess margin securities. For example, the collateral may be deposited into the lenderā€™s securities account at the broker-dealer or an omnibus account at a bank in the name of the broker-dealer. In either case, during the term of the loan, the collateral must be accessed through the broker-dealer and the broker-dealer has the operational ability to transfer or liquidate the collateral. The written agreement underlying such a program gives the broker-dealer control over the collateral. As the Commission has stated, paragraph (b)(3) of Rule 15c3-3 ā€œcompel[s] the firm to turn over the collateral physically to the lender.ā€ + +**This letter does not specify who is not complying with the collateral requirements.** It could be one single broker that they didn't want to single out, or it could quite literally be all of them. + +You can read more about the rules here: https://www.finra.org/sites/default/files/SEA.Rule_.15c3-3.pdf + +I believe this is one of the most important lines 15c3-3(b)(3)(iv): + +>Contains a prominent notice that the provisions of the Securities Investor Protection Act (SIPA) may not protect the lender with respect to the securities loan transaction and that, therefore, the collateral delivered to the lender may constitute the only source of satisfaction of the broker's or dealer's obligation in the event the broker or dealer fails to return the securities. + +## TOMORROW - APRIL 22, 2021 + +**Do not put a lot of faith into tomorrow being a catalyst. It could very well be business as usual.** + +Starting tomorrow, brokers that were out of compliance, must have the collateral and provide it to customers in case something happens such as a collapse causing brokers to bankrupt or I don't know... a stock squeezes and the lent shares cannot be returned for some reason. + +What will actually happen is a guess to anyone here, but I have a few questions: + + * Which brokers are lending shares without collateral? + * What enforcement actions would be taken to ensure collateral is in place? + * Would it be a meaningless fine? + * Would brokers be shut down? + * Would all shares be forced to be recalled? + * Could those who lent shares be left with nothing? + * Is this an endgame? Does this give the shorts an *out*? + +It seems to me, that those who have lent out shares may be in a worse position than those who (legally) shorted the shares. What if they lent them out, did not get them secured with collateral and now they're just *gone*? Anyone who naked shorted is of course, fucked as always. + +I must raise the question: *Do (non-naked) shorts need to cover?* + +What if those that lent shares are being inadvertently forced to sell their shares through a technicality? What if we wake up and find that everyone who lent shares was provided with the current market value and that's it. Their shares are now cash and it has no impact on the price of the stock? + +Don't get me wrong, a LOT of brokers and institutions need to fail for the lent shares to be forced to disappear. Those that bought the shares, **APES**, own the shares. Apes have gone to great lengths to ensure their shares are not lent out. Those that lent the shares may very well be fucked over in the process. +Not financial advice... Im retarded + +Vix represents over all volatility of the market. + +Hedgies use options, stocks, etc. In other companies as collateral to protect against margin call. + +For example, if im a hedgie and I have 10000 shares worth $90 each in banks or blue chip stocks. I can leverage those shares so that I can spend more money shorting GME. + +If the price of those 10,000 shares goes down to $80 i have less collateral to put down to cover what I've leveraged. I cant short more without getting close to marge calling. + +So this means if the market tanks, hedgies have less value in their portfolios to leverage. Their risk teams also freak because there is too much exposure in the risky shorting compatible to the safe bank stocks. + +VIX, DOW are indicators of market health in a way. Vix jumping up means investors are likely to flee to gold, exit positions to hold cash, etc. Causing safe haven stocks to dip, reducing hedgie leveraging power. + +Edit: as someone pointed out, VIX could go up if everyone made a bullish bet - like yolo into penny stocks... But given how many bearish indicators are present its safe to say the volatility is coming from a bearish bet + +TA;DR: volatility and market crashy is good for gme holders as hedgie collateral value goes down so more chance of marge callin +Emailed a local animal rescue and a cat that might be a good part of my household and I saw this is the email that they responded back to? Kind of seemed like a scam to me? + +"This is how your donation works.Ā  You make a 100% tax deductible donation to [Shelter Name]. For $500. +Ā Now at the end of the year you will doing your taxes! RIGHT? You list the Donation on your tax forms. That amount will now be deducted from Ā what you own on your taxes.Ā  So the pet is free. Itā€™s a win win!" + +I know animals, especially rescues are never cheap, but this seems excessive? Especially for an ordinary house cat? + +Thanks for the advice and reading. + +TLDR: local shelter says their "adoption fee" for a cat is a 500$ donation to them which is 100% tax deductible so in the end the cat is "free". Seems shady to me. +I recently commented on an /options/ thread about covered calls and made the observation that the profit profile of a covered call trade can be exactly replicated by selling a naked put at the same strike and expiration. It appears I kicked over a hornet's nest, because many redditors here told me there was *no way* that could be the case. In fact it is, and below I will attempt to explain why. + +It is a result of [put-call parity](https://en.wikipedia.org/wiki/Put%E2%80%93call_parity). Sure, we can read the definition, but what does it mean in real life? + +Here's how I think of it: using the 3 security types (put, call, stock), you can use a combination of any TWO to precisely replicate the profit profile of the other one. + +These are illustrated below: +Long put = Short stock + long call +Long call = Long stock + long put +Long stock = Long call + short put +Short put = Long stock + short call (covered call) +Short call = Short stock + short put +Short stock = Long put + short call + +(All of these presume that the options are implemented with the same strike and expiration as the one on the other side of the "=" sign.) + +Violations of these equalities would result in a risk-free arbitrage situation (subject to certain bounds outlined below). This has the effect of constraining the IVs of puts and calls at the same strike to be equal. E.g., a $40 put and a $40 call will have the same IV. If this were not the same, someone could buy the underpriced IV and sell the overpriced IV using the hedging equalities outlined above, and presto, free money. + +Here are some cases in which put-call parity can be violated: +- Bid/ask spreads: The securities have to be tradeable at the calculated IVs +- Shortable: the underlying stock must be freely shortable without high SLB rates, and the cash proceeds invested at the risk-free rate. +- Dividends: I've seen excited traders think they found a violation in the options chain, without considering upcoming dividends. + +How do you spot a violation of put-call parity? Simple, look for calls and puts with different IVs at the same strike and expiration. It's a useful exercise to look down an options chain and try to spot them (most likely, it's due to wide spreads). + +If covered call and short puts are the same, why would you choose one over the other? One reason is the OTM options generally have more narrow spreads than ITM options, so it may be easier to sell an OTM call than an OTM put. + +Several weeks ago I was in a discussion with a trader who was selling double covered calls (long 100 shares + short 2 OTM calls), which he thought of as a low-risk trade. Using the equalities above you can see that this trade has the same profit profile as a short straddle, which has the reputation of a high-risk trade. + +Put-call parity is a fundamental concept of options trading. I understand that there are new traders on this sub every day who are still learning how things work, so hopefully this was a helpful post. + +Another explanation can be found [here](https://www.reddit.com/r/thetagang/comments/iwlz21/comparing_covered_calls_and_short_puts/). +Okay, so hear me out Apes because I know we all hate to be disappointed with dates. Yet, here I go with a good idea of the GameStop NFT Marketplace launch timeline. All links below from where I sourced this DD. + +From what LoopRing keeps teasing on Twitter, it sounds like it will happen in LoopRings Q4 (Oct-Dec). Loopring is one of the top choices, if not the best choice for Layer 2 tech currently available. They even responded to the creator of ethereum today with some big balls, talking about a ā€œPartner who is bringing a NFT Marketplace to Loopringā€. And essentially saying they are the best Layer2 option available right now. They also have super low fees compared to their peers and are estimating to be 400 times cheaper than trading NFTs on than OpenSea. + +So why is LoopRing going to be the choice? + +- Very few companies are properly setup right now to the degree of LoopRing in terms of tech/function + + - GME head of Blockchain (Matt Finestone) used to work at LoopRing. His resignation letter to LoopRing is linked below. Another Ape just hooked me up with it. + +- Finestone is an expert in Blockchain, Crypto, LoopRing, zkrollupā€™s and he is also a Chartered Financial Analyst + +- Finestone worked on the LoopRing Whitepaper publication (link below) +- LoopRing has some of the lowest fees available and is fast and secure + +- LoopRing has stated multiple times they are bringing on a major partnerā€™s NFT Marketplace in Q4 + +Edit: ruh row, who gave me the all seeing award, DFV wut doing? + +For those apes that are saying WTF is LoopRing? + +https://medium.com/loopring-protocol/loopring-now-supports-nfts-on-l2-29174a343d0d + +Loopring Whitepaper publication Matt did: + +https://github.com/Loopring/whitepaper/blob/master/en_whitepaper.pdf + +Loopring fee details vs peers: + +https://twitter.com/loopringorg/status/1435211366898487299?s=21 + +Tweet confirming a partner is bringing a NFT Marketplace: + +https://twitter.com/loopringorg/status/1435443912517173252?s=21 + +Interview w LoopRing founder/CEO stating LoopRing will not create their own NFT MarketPlace, but they are doing so for a premium partner launching in Q4: + +https://medium.com/loopring-protocol/counterfactual-wallet-nfts-on-loopring-229d38a3c28a + +2nd confirmation of Q4 is a Tweet that the next update is a major NFT update: + +https://twitter.com/loopringorg/status/1432641795809320965?s=21 + +Little moon related tweet doesnā€™t hurt: + +https://twitter.com/u_sharkbaitlol/status/1432699854527082517?s=21 + +Or this other moon themed one either: + +https://twitter.com/loopringorg/status/1427198800398061568?s=21 + + +Based on all the above, I think this is one of the stronger associations we have with GameStop, especially given Matt Finestoneā€™s background. + +For anyone interested in following these guys closely, here is the CEO of LoopRing + +https://twitter.com/daniel_loopring?s=21 + +And here is the Loopring Orgā€™s Twitter account: +https://twitter.com/loopringorg?s=21 + +Matt Finestoneā€™s resignation letter to LoopRing: + +https://www.reddit.com/r/Superstonk/comments/oyxbmk/since_we_celebrated_the_london_fork_update_today/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf +Hi Folks, + +I'm a college student super interested in investing and recently came across this sub (love all the great educational content so far!) I'm looking to start increasing my dividend yield (only 1.33% at the moment) by looking at ETFs as well as the dividend kings/aristocrats but I am wondering if I should start this dividend portfolio in my fidelity brokerage account or my Roth IRA. + +My Roth IRA has its max contribution right now with 69% in SPY, 14% in VUG, and 17% in VYM. I am wondering if I should sell some of my positions in my Roth IRA and use the cash to buy these dividend stocks or if I should just add more money to my brokerage account. + +Advice would be appreciated! Thank you so much sub! +Many investors keep 5-10% of their portfolio in cash, often to make it easier to enter/leverage a position. Iā€™m interested to hear opinions from the dividend-focused community. + +How much cash do you keep on hand? Has that changed at all in the past year, as so many companies/sectors have become clearly overvalued (although that has not seemed to inhibit growth)? + +High-yield (4%+) dividend stocks/ETPs are much more vulnerable to market corrections (with exceptions, of course). Do you keep **more** cash on hand in the event that a correction occurs and you can enter/leverage positions? Or do you keep a lower amount of cash and trust in true DCA? + +Edit: It looks like many of you hold between 2-5%, which is understandable. A handful are very, very insistent that 0% is the only way to invest. Whatever your preference is, best of luck! +Anyone know the best alternative to an emergency fund with low <0.25 yields. Iā€™m trying get around 3.2% but still keep it vary safe since it is still an emergency fund. Iā€™m thinking muni bonds Donā€™t know +A recent Bloomberg article has claimed that China would have just prohibited Crypto transactions, which is misleading. + + +Crypto transactions are prohibited since 5 years, a week ago China has told their banks of this policy again and made the market slide about the same one ban again. + +Now media is falling for the same 5 year old ban again, by quoting the misleading Bloomberg article which is quoting the other weeks old news which is based on the 5 year old news. + + +This is the same thing as the Walmart Litecoin thing, but even bigger. +So I noticed a few posts that say they're selling their crypto or taking profits. Doesn't feel right. Feels like someone rich and powerful wants the little guy to sell his crypto on the cheap so they can buy it all up. + +Anyone notice this? + +Edit: Just to be clear, I'm not against anyone taking profits, that's the whole point in investing IMO. It just seems like there's more posts about selling than usual. + +Edit 2: The top post on Reddit right now is about selling and the user u/AmishMagic is 1 month old and has just this one post which got upvoted to hell. And we all know upvote bots are active on Reddit. + +Edit 4; This post is getting down voted hard +Apple announced on Monday an event for Nov. 10 where itā€™s expected to announce new Macs. + +Apple said earlier this year that it planned to release Mac computers with its own Apple-designed chips based on ARM, instead of Intel processors. Appleā€™s iPhones and iPads have long used Apple-designed processors, which the company says helps extend battery life and provide faster performance. + +Apple could launch a iMac desktop with a new design and laptops using Apple chips, according to a research note from TF Securities analyst Ming-Chi Kuo published earlier this year. + +Mac sales have been a highlight for Apple during the pandemic. In the quarter ending in June, Apple reported $9 billion in Mac sales, which was up 28% year-over-year. + +[Source](https://www.cnbc.com/2020/11/02/apple-announces-event-for-nov-10-where-new-macs-with-apple-chips-expected.html) +\[update: 1 hour after beginning the post, floor is at [0.84](https://opensea.io/collection/trump-digital-trading-cards) ETH\] + +**\[uddate2:** u/Trixteri **pointed out,** [**that one of the biggest wallets owns a lot of cards and is also receiving fees**](https://www.reddit.com/r/CryptoCurrency/comments/zonm0u/trumps_digital_trading_cards_are_about_to_get/)**, which means there will be at a dump (not surprisingly) so act accordingly\]** + +It seemed ridiculous and of course we've made fun of them - Trump's Digital Collection Cards. + +https://preview.redd.it/wdfg7mit0j6a1.png?width=1135&format=png&auto=webp&s=04001dabdbf47796575a9c7631dcfff5af787863 + +Not surprisingly, prices almost steadily climbed, now having 0.5 ETH for the cheapest listing, >3,600 ETH in trading volume (!): + +https://preview.redd.it/ejsoy0q11j6a1.png?width=906&format=png&auto=webp&s=8ec919a21a734c1ce4d56a0a98cde917c2058f7f + +Once again, doing the opposite of the sentiment in this sub has been profitable. The criticism can not to be denied: buying these cards is pumping Trump's wallets - not only on minting day, but also later, since he's taking 10% fee of every trade on Opensae. I must admit, just like Gen 1 and Gen 2 of Reddit, this was too obvious and I've bought one for 0.1 ETH. My explanation: I'll take money from Trump fans later, that money sure af won't be donated to Trump. + +Now, who of you doesn't like to talk about it but bought one as well? +Can someone explain which would be better for retirement, factoring in inflation etc. + +Right now my job has a state pension plan where you can retire at 99% of your salary but no 401k, I'm curious which would be better in 30+ years for now. + +I've heard pensions are good the first couple of years, but inflation can really drive them down the longer you collect them. + +How secure state do pensions look, vs your own funds? + +If any additional info is needed, just ask away. +[Stolen work](http://www.zerohedge.com/news/2015-02-18/housing-recovery-weekly-mortgage-purchase-apps-drop-again-down-66-2004) + +[Confounded Interest Blog](https://confoundedinterest.wordpress.com) + +[and an email from Confounded Interest owner...](http://i.imgur.com/BC7oaGp.jpg) + +Edit* I only point this out as the other specifically banned him then posted his work. +I just spent the last hour or so watching all of the CNBC interviews from today on YouTube. + +u/dlauer awesome job. Trey and Matt, awesome job. + +Unfortunately, they brought you all on to make it look like Melissa Lee is your unbiased, totally neutral friend who just interviews everyone involved including retail, and occasionally even stands up for them. + +The entire thing was to make viewers feel that CNBC and Melissa are giving meme stocks a fair chance. Like they're on the side of the retail investor. Like they and their hedge fund overlords might be finally turning and shining a spotlight on the corruption we've all discovered to be true. + +https://youtu.be/QHrqEItwZWQ + +Watch that. This is a former SEC lawyer who's on CNBC virtually every night, Jacob Frenkel. + +Melissa: "What group do you think is number one on the SEC list to investigate?" + +Jacob:"The momentum traders on Reddit" + +Watch the videos with Trey and Matt. Watch the video with u/dlauer. What do they talk about immediately afterwards? + +https://youtu.be/KjVM3pidH_A + +https://youtu.be/Z8be2-z-CNM + +First of all, the interviewees - u/dlauer, Trey, and Matt - are clearly handcuffed in what they're allowed to say due to threat of lawsuits or worse from evil actors. Dave Lauer almost even says as much when pressed. "Oh no no no, that's too dangerous for me to answer". + +Not one of them mentions naked shorting, all of them mention dark pools and lack of market transparency in as strong a way as they legally can, but they're obviously incredibly careful and restrained. + +Their forced restraint for fear of lawsuits (or, you know, much fucking worse) is honestly reminiscent of al-Qaeda hostage videos. + +The douchebags CNBC has on immediately afterwards hardly even address anything said by the guests, even when Melissa asks them directly. + +You get a retail investment advocate to give an interview while totally castrated in what they may say, then you have every commenter say something along the lines of "yeah I see where they're coming from, but honestly institutions are not trying to stick it to retail" after literally no one tried to make that point. + +In other words: + +"Hey shit is fucked and we're buying the stock, but I can't legally talk about it" + +"Wow those guys were so adorable but they're so grumpy wumpy thinking the man is out to get them. Back in my day, we used to have even less transparency, we used to have to read things in the newspaper. Be grateful you're even allowed in the room, children". + +This entire hour with Melissa Lee on meme stocks was 100% pure unadulterated slightly filtered: + +#FUD + +Plain and simple. + +It was all designed to make you like them, change some of your minds and calm your tits, but most of all send a message to their boomer audience that you're all cute but wrong and ungrateful. +I only found out about two weeks ago. I hope you all don't mind, but I'm using a throwaway here because I haven't revealed it to everyone I know yet, and I'd hate for them to find out the bad news by snooping on my regular Reddit profile. + +So here's the deal: Personally, I'm at peace with it the the extent than I can be. I can get a lot of my bucket list out of the way in five years, and it gives me a good amount of time in reasonably well health leading up to the last year or so for me to spend with my wife. + +But now that the shock has worn off somewhat, I'm trying to plan a little more practically. I'm looking at a *LOT* of guaranteed medical bills in the next few years, if only to maintain a reasonable quality of life. That's going to require a lot of my work-provided insurance, which of course I need to work full time for. + +The problem is, obviously I'd really have nothing to work towards other than the insurance. I don't really have much of an incentive to work towards building a career now. I'm 27 years old, and likely won't live to see 35 unless I'm a rare medical case and end up extremely lucky. I'd rather spend my remaining years knocking things off that bucket list and generally just *living* as much as I can, not existing in a florescent lit office out of mere necessity. + +What are my options here? Is there something within Obamacare that would allow for me to have a better quality of life when it came to medical bills and working full time? Are there any options I'm not considering? Any help at all would be greatly appreciated. + +**Update:** Thanks for all of the wonderful replies. This seems to have taken off since I posted it this afternoon, and my inbox has obviously exploded. I don't really have time tonight to reply to everything, but I will try my best tomorrow. + +To answer the general conversation, no I haven't really completely given up. It's great to see many stories from survivors here, though I am not very knowledgeable of this whole thing and I don't even really understand the specifics myself at this point to be honest. I have gotten two opinions from doctors that were both suggested to me, but I need to take time to process things to understand the next step. + +I'm kind of a whirlwind of emotions right now. I'm sad for my wife who has to deal with this, angry with God for doing this to me, resentful and jealous of others who live healthy lives without worry, but in a weird way kind of happy that I know it all has an end date. At least there's that bit of certainty in a situation otherwise altogether uncertain. + +The thing that really sucks is that right now, at this moment on paper, I'm worth more dead than alive. If I were to die in a car accident tomorrow, my wife would have a half million payout on my life insurance. If I continue to live for five years or longer, I'll have sucked our life savings dry with medical costs. + +So yeah, still trying to figure out what to do, but looks like I came to the right place to start considering my options. Thank you so much. +As the [Kardashev scale](http://en.wikipedia.org/wiki/Kardashev_scale) + details, we would be in a transition from a type 0 civilization to a type 1 civilization. + +This means a global government which could be run by Strong AI, or any better system we create, and the fact that we are a all global citizens instead of national citizens. Basically we are becoming a global society and will eventually do away with nation-states. The internet is said to be the beginnings of a type 1 communication system. + +**Bitcoin is the birth of our type 1 currency system!** +**TL;DR:** + +* **ESG = Environmental Social Governance. ESG ratings provided by ratings agencies help determine whether a mutual fund or ETF does well by ratings of metrics including environmental concerns, slavery use in supply chain issues, animal cruelty and more. ESG ratings have grown more popular and have been performing well in recent markets.** +* **However, ESG scores have been horribly inconsistent across different companies. Most notably, Tesla was at one point ranked an #1 and dead last across different agencies. Currently, Musk has criticized S&P for removing Tesla from a sustainability index but keeping oil giant Exxon Mobil. Even ESG scores among ratings agencies in the same company (Morgan Stanley's MSCI in one study) do not correlate often with one another's ESG ratings.** +* **ESG ratings might be seen as a proxy for risk, so good ESG score is seen as good risk management. This might not be true, as not only are ratings often inconsistent, many companies hide their methodology from researchers, but many banks and firms (Goldman Sachs, BNY Mellon) have been investigated over ESG ratings issues or outright fraud. Most notably, Deutsche had its ESG arm for DWS raided by 50 men in Frankfurt in recent weeks.** +* **Many current and future issues exist for ESG ratings, such as the fact that short positions do not need to be reported in ESG ratings for hedge funds and there are worries of "double counting" emissions during securities lending. ESG ratings--and their wide range of potential risk--have also come under pressure to a growing number of derivates that exist, including "green" collateralized debt obligations and "blue bonds" or "ocean-related sovereign ESG debt swaps". 2 researchers for the Bank of International Settlements compared the risk of ESG ratings/products as parallel to the rise of MBS products pre-2008.** + +&#x200B; + +https://preview.redd.it/icfm8ax8g7791.png?width=600&format=png&auto=webp&s=40637c48ca298b869331b96a24c99cfbfed21ec9 + +**Sections** +**1. What is ESG?** +**2. How It Goes Wrong** +**3. ESG Scoring** +**4. Scandal** +**5. One Bank's Trash is Another Bank's Treasure** +**6. Me vs. the ESG Company in the Mirror** +**7. You Need More People** +**8. Under the Hood** +**9. Protect Me bby** +**10. Lawyer Up Assholes** +**11. I'm Ya Pusha** +**12. Credit Risk Proxy** +**13. It Happened Already** +**14. Criticizing the Critics** +**15. "Soooooā€¦whatā€™s this gotta do with GME?"** +**16. Double or Nothing** +**17. Post-MOASS Investing** + +For the culture: [https://www.youtube.com/watch?v=9xZx1lf2tvs&t=28s](https://www.youtube.com/watch?v=9xZx1lf2tvs&t=28s) + + + + + +&#x200B; + +# 1. What is ESG? + +ESG = Environmental Social Governance. + + +&#x200B; + +[Unless your Lindsay apparently](https://preview.redd.it/0gkx4glkh7791.png?width=1342&format=png&auto=webp&s=fe1f1540b2aada85c8c76047026f035e77a1c2f2) + +ESG, despite its weird abbreviation, has been growing in popularity for some time. In fact, as of 2020, one report said 1/3rd of all capital under management in the US was managed by ESG funds. + +**Growing demand means increased interest in ESG rankings has led to increased pulls for ESG data. For example, the US Dept. of Labor pushed a new rule in 2020 keeps ERISA plans from selecting unrelated ESG stocks not related to plan participants. And in Europe, even though some form of ESG investing/ranking has been around for 2 decades, itā€™s only ramped up more now especially in the wake of the EU Commissionā€™s new sustainable finance strategy that got launched in 2021.** + +&#x200B; + +\*\*\* + +&#x200B; + +ESG investing CAN have material effects on stocks: long-term risk management adjustment. These, ahem ā€œsustainability-related financial productsā€ seem to give people more than just a feel-good post-masturbatory sense of calm. Hereā€™s one such plus: a 2020 study found that ESG products that perform as well, if not better than traditional market-weighted investments. Whatā€™s not to love! + +**The real-term impact of ESG metrics is not to be undervalued. This includes everything from making sure the chocolate that your youngā€™ns nibble on wasnā€™t harvested by the hands of slave laborers in West Africa (cough cough Nestle), or that your construction doesnā€™t fuck the water supply in the Midwest. ESG companies with strong scores mean that they might be doing right by the climate, or that they might even be avoiding animal abuse in terms of how their products are made or sourced.** + +&#x200B; + +&#x200B; + +If it is to be believed that not only are you doing good with your money, but also making returns, this is why many look to the bigs in the ESG ratings world, including the Dow Jones Sustainability Index, Morgan Stanleyā€™s (ahem) MSCI Research, Thomson Reuters & Sustainalytics, etc. to help them navigate the waters of happiness, sunshine, and eco-friendly tendies for all. + +What could go wrong? + +# 2. How It Goes Wrong + +ā€‹ + +**In short, ESG is a feelgood sticker slapped on your mutual fund or ETF.**Ā  + +&#x200B; + +https://preview.redd.it/5ed3rimyh7791.png?width=500&format=png&auto=webp&s=6ca22b56b7695df87a1bf86ca204b775f70f704c + +ESG investingā€“sometimes called sUsTaInAbLe fInAnCeā€“is so self-masturbatory you might as well bring out the jumper cables and nipple balm. Institutional investors and mutual funds have taken notice more and more of how iffy these scores end up being. The OECD (the Organisation for Economic Co-operation and Development) found frameworks vary A LOT between different ratings agencies. And I mean A LOT. + +&#x200B; + +&#x200B; + +**ESG ratings methodology remains inconsistent among providers, with less than robust data to back up any claims; in fact, back in 2017 a BNP Paribas study said 55% of institutional funds said there was SO LITTLE DATA on how the ESG scores were even made up that thatā€™s what kept them from jumping into more ESG investments.** + +**Because surprise surprise, a lot of ESGā€“like literally fucking everything in the stock marketā€“relies on self-reported data.** (We examined ourselves and found nothing wrong.) + +# 3. ESG Scoring + +ESG scores can rank on everything from carbon score to gender diversity. But like most credit agency work, ESG scoring is a black box and some even wonder if they are even necessary being so hidden. **At their heart, ESG scores are like any rating system: arbitrary.** GreenBizā€™s Joel Makower threw the literary version of a bedpost at ESG scoring when he said this: + +&#x200B; + +>**ā€œESG ratings are first and foremost an independent opinion about the environmental, social and governance risks facing a company and its shareholders, not the risks to people and the planet.ā€** + +Sometimes, the issue of ESG ratings differences come down due to its methodology (ā€œcommensurability problemā€) or defining what an ESG construct is (ā€œtheorisation problemā€). Agencies are NOT transparent, remaining opaque about many of these ESG rankings. + +&#x200B; + +**This is also important since this is helpful for data research for academics and hurts actual research that can even be done to see whether 3rd-party sources can confirm how accurate ESG scoring is, what it means for the environment, animal rights, etc.** + + +[this is prob way more transparent than any ESG agency rn](https://preview.redd.it/j3y3bpwei7791.png?width=400&format=png&auto=webp&s=14ba3d331f54996295794303212b29b3a45c875a) + +But at itā€™s heart and per Makower, these ratings really often donā€™t give a shit about people and the planet. Often, there is confusion between ESG and another old-school metric: impact investing: + +&#x200B; + +>ā€œIn principle, the concept of an ESG rating might seem simple: A ratings provider generates a rating, say on a scale from AAA to D, of how well a business incorporates ESG practices and considerations.Ā  +> +>The reality is more complicated. There is no agreement on what to measure, how to measure it or for what purpose. Most fundamentally, there has been pervasive confusion between ESG and impact investing. **This can result in the false impression that ESG ratings measure a companyā€™s impact on the environment or social wellbeing.**Ā  +> +>**This is typically not the case. Most ESG ratings measure the risks and opportunities to the rated company of ESG-related factors, not the impact the company has on the environment or society.ā€** + +&#x200B; + +# 4. Scandal + +So itā€™s the company itself is who benefits or is hurt by these ratings. Not the earth, not its people like you and me, not its animals, etc. etc. + +&#x200B; + +[nothing says green like installing \\"emissions cheating devices\\" in your cars](https://preview.redd.it/3rckynvpi7791.png?width=1330&format=png&auto=webp&s=c581a672e450990b7b231e9ed755ad423a7071c9) + +Remember, ESG matters when you consider corporate scandals in the mix. Although we all know Volkswagen for the VW squeeze back in 2008, there was a huge uproar over falsified data on green reports. **Wells Fargo was also recently in the news for lying about how many minorities even show up on their goddamn interviews.**Ā  + +Another famous example includes fast fashion company Boohoo. Boohoo was an ESG ratings darling for some time by many agencies, receiving nonstop outstanding ratingsā€¦only to be caught in a major forced laubour scandal (i.e. slavery) which made many question those ratings. (Quelle surprise!) + +&#x200B; + +&#x200B; + +**You start to see then really quickly why these ratings might matter if for example, you buy into Volkswagen hoping their as green as they say they are only to find out theyā€™ve been fraudulently lying about their pollution metrics the entire goddamn time.** + +# 5. One Bankā€™s Trash is Another Bankā€™s Treasure + +&#x200B; + +What makes it worse is that the wide range of scoring only shows just how arbitrary the process is, perhaps only proving furthermore how much its more for the companies than the world. Two researchers found after poring through the 70 ratings providers, they honed in on examining 2 ESG ratings providers. From those 2, they found that there was ā€œlarge performance dispersion and low correlation of returnsā€ on 2 pairs of ESG portfolios and individual picks were even MORE out of wack.Ā Ā  + +&#x200B; + +https://preview.redd.it/tvw7cr6tg7791.png?width=1540&format=png&auto=webp&s=5ce0bdced123c1af510fe8a10f3526bbf361e50a + +So itā€™s seen that despite what should soon like a great thing, ESG ranking are literally ALL OVER THE FUCKING MAP.Ā  + +I**n 2018, FTSE said Teslas was dead last in ESG performance but Morgan Stanleyā€™s MSCIā€“the current larger provider of ESG ratingsā€“ said it was #1, with Sustainanalytics putting it in the middle. For another car you get the same idea: ā€œUnlike credit ratings, ESG ratings can be wildly inconsistent between different providers. For example, MSCI gives one vehicle manufacturer a very low rating of CCC, whereas Standard & Poorā€™s gives it a score of 61, roughly equal to an MSCI rating of A.ā€** + +&#x200B; + +[regardless of your view of Musk, his criticism of S&P is spot on](https://preview.redd.it/als2osg0j7791.png?width=1590&format=png&auto=webp&s=43ed03841009ed11c2567c6147034b21ceb6617d) + +**If you want even more Tesla tomfuckery, hell just THIS MONTH, S&P Global removed Tesla from its ESG 500 index..but fucking kept oil giant EXXON MOBIL who has been in the news for multiple scandals. Just last year, Exxon was even suspended from the Climate Leadership Council after an Exxon lobbyist was caught on camera openly saying they were only for faking saying they were for a ā€œcarbon taxā€ because they actually knew it would never pass or be implemented.**Ā  + +The (dis)similarities donā€™t stop there. In fact, for 2 of the biggest rankersā€“Reutersā€™ ASSET 4 and MSCIā€“their ratings donā€™t even seem to converge to other rankings like AT ALL. After a statistical study, they connect anywhere between 0.05 (!) to 0.39 in terms of their correlation coefficients after academic research studies. Which puts their likelihood to be in the same ballpark as other ranking systems as less than 40%...AT BEST. + +# 6. Me vs. the ESG Company in the Mirror + +So you might say ā€œOk, but thatā€™s Reuters vs. Morgan Stanley. These are 2 different companies, so thatā€™s different!ā€ + +&#x200B; + +**Great point! But just to show how much of a shitshow it is, researchers at Schroederā€™s compared ESG scoring WITHIN the same company (Morgan Stanley/MSCI) and showed EVEN THEN it didnā€™t fucking line up.** + +&#x200B; + +https://preview.redd.it/awej2hlng7791.png?width=1540&format=png&auto=webp&s=31eaf2c9cb2fb33d93b594c608374ca96b174274 + +**Last year, Schroederā€™s mentioned that the 6 Morgan Stanleyā€™s MSCI indices tracking ESG scores, BARELY correlated WITH EACH OTHER even inside the same parent company over 5 years.** Only 2 of the funds correlated in a pairing greater than 0.5 (0.6, or 60%), just barely better than randomly flipping a coin. + +&#x200B; + +# 7. You Need More People + +As you quickly see, this leads to some confusing shit. For example, as of early 2021, Reutersā€™ ESG rankings is the ONLY major ranker to cover animal testing, while Bloomberg & KLD were the ONLY ones to comply with environmental regualtions.Ā  + +And look, I understand that this shit can be tough to keep consistent and other shit is tougher to quantify, so fair enough. One Invesco fund manager Clive Emery talked about how metrics used in ESG scores like implied temperature rise (ITR) are hard to distill as one number; this is especially tough as the FCA (the UKā€™s version of the SEC) has been pushing for firms to include that ITR number in their metrics. Emery summed it up pretty neatly: + + +> **The funds industry has only JUSTĀ  learned how to forecast quarterly earnings, let alone reduction of carbon emissions over a 30-year time horizon.ā€™** + +&#x200B; + +And tough as fuck it is. But regardless, if ESG scoring is so difficult, then why the fuck have banks dragged their feet on adding more staff to support these ā€œtough jobsā€. **In fact, Funds Europe had one fund manager tell them it was JUST hiring its FIRST full-time employee to double check climate-risk modelling. And they only did that, becauseā€“to their creditā€“they said that the info and models were simply too advanced or difficult to be able to confirm whether the ESG scores were anything more than a ā€œfalse sense of securityā€ otherwise.**Ā  + + +\*\*\*\* + + +So unless you have a FT employee running the numbers (mind you, even if thatā€™s just ONE person) thatā€™s still not enough to keep ahead of risk. For those of you that remember 2008, some have even compared the ā€œfalse sense of securityā€ that ESG scoring as similar to the VaR scoring (value at risk). (I wrote in the past about one such example or poor VaR, and how Societe Generaleā€™s fucked VaR positions on their naked/unhedged positions cost them billions during 2008 and created Jerome Kerviel, the worldā€™s poorest man who owes billions due to his poor bets as a ā€œrogue traderā€ for the French bank.) + +**So why the worry? Well, these new Climar VaR models might not mean much to a smaller public firm, but mean a shit ton if a giant polluter is also fucking with their implied temperature rise number (while banks are willing to rate them as such as look the other way).**Ā  + +# 8. Under the Hood + +So fine, we know there are problems with ESG scoring. What are the biggest ones then? + +&#x200B; + +**One is that because agency ratings literally often are based on PUBLIC reporting which often comes through annual reporting cycles, it often might not line up in terms of having a more regular up-to-date ranking. You could hugeeee monthsā€™ worth of gaps between a company updating you on how its ESG stuff is doing, and from when a ratings agency decides to update their rankings.Ā All the while, investors aren't privy to accurate ratings, much less the "special sauce" of how its been calculated and if that metric changed.** + +&#x200B; + +[pictured: ESG ratings agencies](https://preview.redd.it/t14o0fchj7791.png?width=386&format=png&auto=webp&s=5d698cfc347b9693ecd2c6d7fb2d31518626acb1) + +Also, raters often donā€™t distinguish between disclosure vs. performance (ā€œhow much carbon do you emitā€ VS ā€œwhat did you do to fix this?ā€), making it easier to hide this info. Because many of these methodologies are viewed like KFC special recipe and pRoPriEtARy, it gets even harder to justify. One transparency report went mask off on this issue: + +> +ā€œIt has been argued that an increasing amount of capital is misallocated due to the inadequacy of ESG criteria and the ESG services marketā€™s lack of transparency. The rankings produced by ESG rating agencies create a false sense of security *(there it is again!)*, and investors who buy into ESG funds with dubious credibility need protection.ā€ + +&#x200B; + +# 9. Protect Me bby + +Protection might be what investors need most.Ā  + +&#x200B; + +[Pictured: not the SEC](https://preview.redd.it/us0twejtj7791.png?width=339&format=png&auto=webp&s=fd88eeabae943086d195714e579e9b9bdf768bea) + +**In 2019, the UKā€™s FCA (Financial Conduct Authority) published a letter saying that as far as companies applying for ESG labeling, they were ā€œconcerned by the number of poor-quality fund applications we have seen and the impact this may have on consumersā€. These potential lies also open these funds forā€“if theyā€™re caught fucking lyingā€“lawsuits from shareholders under section 90/90A of FSMA for false or misleading statements.**Ā  + +Letā€™s all appreciate this quote on that argumentā€¦forā€¦reason: + +&#x200B; + +>ā€œConversely, fixation on sustainability at the cost of financial performance could also be a catalyst for disputes. Terry Smith, founder of Fundsmith, in an annual letter to investors noted that *"Unilever seems to be labouring under the weight of a management which is obsessed with publicly displaying sustainability credentials at the expense of focusing on the fundamentals of the business****ā€¦a company which feels it has to define the purpose of Hellmann's mayonnaise has in our view clearly lost the plot"*** + +&#x200B; + +[we all thought it](https://preview.redd.it/otmrj0kwj7791.png?width=1181&format=png&auto=webp&s=f10ebc55099b7f917f83679e5411879d923d220b) + +Itā€™s completely different when the firm might go under because of a giant extramarital orgy upon a bed of clubbed baby seals. **And remember, this is problematic because if you might be BUYING ratings, then the pension fund that buys in and says ā€œyay this seems good!ā€ might get fucked.**Ā  + +# 10. Lawyer Up Assholes + +In June 2021, the Internaional Organization of Securities Commissionsā€™ Sustainable Taskforce said there needs to be a ā€œglobal corporate sustainability reporting architectureā€ that doesnā€™t rely on a patchwork quilt of what the fuck someone ate for breakfast that morning to drive their decision making. Big banks (like hm, letā€™s say I donā€™t knowā€¦Deustche and Goldman as examples) have now opened themselves up to liability over these ā€œimpreciseā€ ratings.Ā  + +&#x200B; + +**Linklaters report on ā€œBanking Litigationā€ for 2022 identified ESG as 1 key area that might open up big banks to lawsuits, both in the UK and abroad. This report came out months after the UK governmentā€™s ā€˜Roadmapā€™ to sustainable investing published in Oct. 2021.** + +&#x200B; + +https://preview.redd.it/x5xp37hzj7791.png?width=990&format=png&auto=webp&s=1ea201a6b3b4acf431159a8f60602509bb5dc6bf + +For example, in the UK, mandatory climate reporting (as of Jan. 2021 periods going forward) means pushed climate disclosure rules for asset managers, pension providers, & equity share issuers. It also means ā€œpremium listed companiesā€ must include statements in their annual report as to whether they reported against the UKā€™s climate task force (or at least why they didnā€™t). This comes as the UK looks to accelerate its economy-wide Sustainability Disclosure Requirements by the end of 2022. Greenwashing worries continue. + +&#x200B; + +>ā€œoutside the UK, formal complaints have been brought against banks under OECD soft law standards, alleging failures by banks to adhere to policies concerning the environment.ā€ + +&#x200B; + +Litigation risk will now have to be brought into new projects financed by big banks or others. In particular, the United Nations UNHCR (UNā€™s Commissioner for Human Rights) has stated that these new ā€œsoft lawsā€ imply EVEN custodian banks (BNY Mellon anyone?) or nominee shareholder services (beneficiary and not DRS level?) would be on the hook for avoiding averse human rights impact. + +# 11. Iā€™m Ya Pusha + +All this talk of lawsuits and crime..."Have any banks got in trouble yet throwawaylurker012 you might say?" + +Oh, I got you fam.Ā  + +The UK has been one of the BIGGEST battlegrounds for this. Alan Miller called ESG ā€œExtra Strong Greenwashingā€ in the wake of Legal & Generalā€™s ESG China CNY Bonds UCITS ETF (long ass-fucking name I know). **Miller said that Chinaā€™s background for what was included in this ETF in no fucking way met ESG standards**, and was warped through a process called ā€œtiltingā€ ("applies JESG issuer scores to adjust the market value of index constituents from the baseline J.P. Morgan China Aggregate Index"). (Fun fact: Legal & General also holds GME. Who knows if they are loaning it...) +Ā  + +[shoutout to u\/pdwp90 on this one!](https://preview.redd.it/qy4coouak7791.png?width=1630&format=png&auto=webp&s=f24caf555ef63d9db15990e5a7f5adc0cee188e3) + +Deutsche Bankā€™s asset management branch DWS Group was caught overstating its ESG credentials. **It was so bad that they werenā€™t just called out, they were FUCKING RAIDED.** + +&#x200B; + +>ā€œGerman law enforcement officials raided the offices of Deutsche Bank on suspicion of the fraudulent advertising of sustainable investment funds at its DWS unit, dealing yet another setback to CEO Christian Sewing's attempts to move on from years of corruption scandals. +> +>The investigation revolves around allegationsā€”leveled by a former DWS managerā€”that the retail money management business engaged in "greenwashing," in which environmental, social and governance (ESG) investments are sold under false claims. +> +> +> +>ā€œ**The allegations are that DWS has been advertising so-called ESG financial products for sale as being particularly green and sustainable when they actually weren't," a spokesman for the public prosecutor told** ***Fortune*****, which has been looking into the claims since January. "In the course of our investigations we've found evidence that could support allegations of prospectus fraud.ā€** + +&#x200B; + +**German securities regulator BaFin sent 50 pissed off German regulators to turn drawers upside down and figure out just how the fuck this prospectus lie passed through. I mean, itā€™s not like there was any warning including THEIR OWN former head of sustainability Desiree Fixler said there were misleading statements in their 2020 annual report, misleading investors about their $900 billion in assets saying that half were ESG.** + +&#x200B; + +This even caused the departure of a chief executive from DWS, even while the ESG branch of Deutsche doubles down that it did nothing wrong and will continue its committed ā€œESG focusā€. + +&#x200B; + +https://preview.redd.it/h3fzfejhk7791.png?width=1054&format=png&auto=webp&s=9b3309cbe543329b77fed3ae7ead308ef7421f67 + +**This was raiding not under the pretense of ā€œoh your ESG scores were iffy there buddyā€, but insteadā€“in their own termsā€“what they called ā€œcapital investment fraudā€.** + +&#x200B; + +And of course, they arenā€™t the only one. Goldman (Ball) Sachs is caught in the crosshairs right now too on ESG bullshit. Goldman is caught in USā€™ regulatorsā€™ cross-hairs that itā€™s been fucking LYING on mutual fund prospectuses regarding ESG holdings. (Of note, Goldman changed the name of its ā€œBlue Chip Fundā€ to the ā€œUS Equity ESG Fundā€, perhaps running the risk of changing absolutely nothing bu the title.ā€) And the Goldman digging only followed AFTER finding BNY Mellon guilty of its own ESG bullshit for which the SEC paid them a handslap fine of $1.5 million and then be on their merry way. + +# 12. Credit Risk Proxy + +So remember: why lie? Once again, what is a big reason to lie about ESG scores? +**Well apart from the fact that good ESG scores are jacked up marketing materials, one recurring statement offers this: good ESG scores = proxy for low risk/good risk management skills.** + +Meaning many find that investors are willing to see strong ESG scores as meaning that they have their risk management hats on while they slap these ESG stickers on with a discerning eye. In reality, these ESG scores often end up being anything but that, as they are used to paper over major gaps in risk, as well as cram questionable holdings into portfolios that they can then more easily sell to mutual funds, pensions, 401ks, etc. + +&#x200B; + +\*\*\*\*\* + +&#x200B; + +In these cases, ESG scoring is something seen as equal to credit risk. +So then it ends up being tough if you are pricing certain metricsā€“like climate riskā€“which are veryyyy long-term issues. If earnings projections barely ever go as far as 5 fiscal years down the road, then how can ESG scores cover that time frame, accurately without the elemental bullshit that seems so heavy-handed by so many banks? + + +&#x200B; + +https://preview.redd.it/ije2v2jmk7791.png?width=600&format=png&auto=webp&s=079a89c7ba268d184ffc4d58e54d8fd9dc4e3d4e + +**For example, Morningstarā€“whom we might hear more about in the near future ourselves ahemā€“puts up an ESG screener to filter out low scores.**Ā  + +**Now what if Morningstar says ā€œdonā€™t worry about those 1 and 2-star ESG-rated companies, theyā€™re not greatā€ and then we find out later that their ESG scoring metrics were shit orā€“just like the Volkswagen exampleā€“they flat out lied about the upper end of the curve, and every 5-star ESG score is just free-range organic dogshit wrapped in greenwashed catshit?** + +&#x200B; + +&#x200B; + +**It gets more problematic when you might determine the near future: John Quinn, founder of the worldā€™s largest business litigation law firm, worries about ESG-pegged pricing mechanism that might trigger in a credit agreement (perhaps credit default swaps?) Does that credit default swap or equivalent item trigger when the score drops, but what if its based on a different methodology/way the score is calculated rather than a palpable change to the companyā€™s work?** + +You see quickly how if credit default swaps ever enter the world how this could be problematic. Letā€™s hope that never happens. + +# 13. It Happened Already + +Unfortunately, these already exist. Even last year, one report sounded the warning on how the next wave of danger could from ESG derivatives: + +&#x200B; + +>One potential effect of this trend could be to accelerate a pace of growthā€¦that is already worrying regulators. **On September 20 two economists from the Bank for International Settlements drew an explicit parallel between the growth in ESG products and the increase in private mortgage-backed securities in the approach to the global financial crisis of 2008.ā€** + +Wow, yet more 2008 warning signs. FUCKING FUN. + +&#x200B; + +https://preview.redd.it/6kjbuo0dm7791.png?width=1248&format=png&auto=webp&s=fbc41e86b162865c9ebd0dbe75eee86988ff4c82 + +**Even more fun, Bloomberg reported just 2 weeks ago that theyā€™ve even been slapping these ESG symbols onto collateralized debt obligations. Remember what I said about hiding credit risk? I mean, how could you be made at this little baby CDO it comes in ā€œgreenā€!**Ā  + +&#x200B; + +**Even more fun fact, any ocean based ESG derivatives are called ā€œblueā€**. (Fucking gag.) + +&#x200B; + + **In fact, many of these so-called ā€œblue bondsā€ which are linked to ocean conservation projects have come under fire as they might be linked to countries with severe amounts of sovereign debt such as Belize.**Ā  + +**These instruments are then linked to OTHER INSTRUMENTS called (I shit you not) ā€œocean-related sovereign ESG debt swapsā€, so think of it as a way to make bets on a country going tits up or not as to whether it can clean up the ocean surrounding it.** (If you thought CDO squareds were bad, then wtf is this shit) + +# 14. Criticizing the Critics + +Now look: legit criticisms DO exist. For everyone who says Rolling Stone canā€™t boil down the new Kendrick or new to a single number, yeah the same tough titties show up in ESG scoring. And ESG scoring can still be seen as a necessary evil: yeah, itā€™s imperfect as fuck but maybe these metrics do matter especially as we view their relevance in securities related to risk management.Ā  + +&#x200B; + +&#x200B; + +But it also means that asset allocation can go wrong for both mom-and-pop investors as well as institutional investors. **Especially when you have the same companies pushing these products being fucking raided in banks like Deutsche in Frankfurt, ranking Exxon Mobil as climate friendly, and creating fucking credit default swaps on the goddamn ocean.** + +# 15. "Soooooā€¦whatā€™s this gotta do with GME?" + +Thereā€™s not much that I can directly tie but some general problems do show up again due to this issue.Ā  + +Recently, ESG scoring powerhouse MSCI admitted: + +> +ā€œThis topic came to prominence 15 years ago owing to concerns over ā€˜empty votingā€™, under which hedge funds could use long positions combined with short equity swaps to give them voting rights without any economic interest, or vice versa.ā€ + +A lot of the same fucking problems that show up in past DD on governance relate to ESG. If you push more ESG products that people eat up, you might have these funds then be able to loan these shares.Ā  + +&#x200B; + +**For example, MSCI could lie and rate a company like GME as 5-stars so that then pension funds and mutual funds eat that shit up. Then those funds are then incentivized to loan those shares which are then used to dump it into the market. You can then theoretically switch back the rating at the last moment and have had the funds being unintentionally complicit in your scheme.** + +Tinfoil much? Yeah, sure. But there have already been a number of ESG stories over governance issues. **Most recently, tiny hedge fund Engine No. 1 held Exxonā€™s feet to the fire in a 2021 shareholder proxy contest, which pushed it to report it would aim for netzero emissions by 2050.**Ā  + +&#x200B; + +https://preview.redd.it/iflfc8zsm7791.png?width=680&format=png&auto=webp&s=5f9c00c94bb8f75f75163bf2a408e571be5011c5 + +And MORE IMPORTANTLY, Morgan Stanleyā€™s MSCIā€“linked to a number of total return swaps Iā€™ve seen myself in my GME researchā€“discussed ESG reporting in long-short portfolios 2 months back: + + +> +ā€œESG reporting frameworks to date have mainly focused on long-only portfolios, which allows for straightforward portfolio ESG aggregation that is easy to understand and interpret. **Short positions have typically been excluded from ESG analysis to date.ā€** + +&#x200B; + +In the past, Iā€™ve talked extensively about how hedge fund (Irish ICAV sub-fund, to be exact) Cooper Creek Partnersā€“which includes an ex-Citadel Surveyor doucheā€“was short GME during the sneeze. (Fun fact, Morgan Stanley of MSCI fame was their counterparty.) However, they also feature prominently-along side many other big banks and hedge funds I might addā€“on lists of companies that support war. + +MSCIā€™s report said carbon emissions may be the biggest push going forward into the future. Why might this matter? + +# 16. Double or Nothing + +One thing that Iā€™ve addressed in the GME saga that is time-intensive but could be another way of determining positions is looking backwards. I will hope to address this in a future post, but Iā€™m researching over funds in the past that have held GME either as (1) contract for difference, (2) securities lending, or (3) total return swaps. And Iā€™ve mainly been focusing on funds that are either alternative funds, ICAV sub-funds, orā€“an idea Iā€™ve tried pushingā€“long-short equity funds. + +Long-short equity funds are exactly what they sound like. They are hedge funds that might invest in a few stocks here, a few stocks there, some they go long (bet for), some they go short (bet against), and some get through into total return swaps.Ā  + +&#x200B; + +But this is where it gets more complex. Because, as weā€™ve seen with GME, sticky floor and other stocks, some of these funds engage in securities lending (especially for shorting, as might be seen in long-short funds) which is what happens in long-equity short funds. Why is this a problem? Tell us MSCI! + +&#x200B; + +> +**ā€œComplexity can arise when portfolios engage in securities lending leading to potential double counting of the same emissions between portfolios.** Carbon accounting in this regard will be addressed in more detail in a subsequent analysisā€¦.**Some hedge funds ascribed double counting of emissions as a rationale for netting.**Ā  +> +>**Double counting can arise in different scenarios, for example when long only investors engage in securities lending, the stocks and their ESG metrics can be counted in multiple portfolios. It was acknowledged however that current regulations across jurisdictions do not stipulate that emissions of a given company held across portfolios globally require summing to the total company level emissions.** Further analysis on the topic of carbon accounting may be required in follow up research.ā€ + +https://preview.redd.it/j73l9iy6n7791.png?width=1024&format=png&auto=webp&s=415a92f59f3ac89afda9fff5e00553aa5645daae + +&#x200B; + +*(First off, how fucked is it that hedge funds will now go up in arms over double counting emissions, but not rehypothecated treasuries or short stocks being lent? Anywaysā€¦)* + +We see that MSCI is aware that in the future, one issue that might come up for hedge funds is how emissions are double countedā€“or not double countedā€“among portfolios. This then overcomplicates our future of hedge funds as they garner more and more ESG holdings.Ā  + +&#x200B; + +**If good ESG scores are a metric for risk and netting kicks in, then maybe certain hedge funds might engage in certain levels of securities lending to either boost the profile (prop up hedge fund) or drop the profile (create a bagholding hedge fund) on who they lend to.** + +And it still does leave an issue that we apes will have to contend with as we read into short hedge fundsā€™ portfolios in the future: + +&#x200B; + +>ā€œAsset owners generally preferred the grossing approach on the basis that the business involvement exposure of all sources of return should be made transparent. For example, an investor may short a company that engages in child labor, but this still implies a portfolio exposure to child labor, regardless of the positionā€™s directionality. +> +> +> +> **It certainly would not imply that shorting that company ā€˜removesā€™ child labor associated with a long exposure to another company in the portfolio that is implicated in child labor. Asset ownersā€™ views illustrated that the concern for business involvement is about association, and whether the investor is benefitting from the price performance of a firm engaging in specified negative business activities. ā€œ** + +&#x200B; + +# 17. Post-MOASS Investing + +Despite in one report MSCI slobbing knob over SHFs, it did provide one comment in another ESG report to a different tune. MSCI was examining whether it was better to divest (remove your investment) from a company or short it:Ā  + +&#x200B; + +>**ā€œThe above indicates that while shorting may be perceived as a similar or a better to divesting owing to the potential to influence the cost of capital, we could not find any economically significant evidence to support this hypothesis.** We repeated this exercise and found similar results during 2021 and between 2020 and 2021, in a period of media spotlight on several cases of activist investor campaigns for large scale coordinated shorting of certain companies.ā€ + +&#x200B; + +And in case youā€™re wondering which companies they mention, yes they do mention GameStop. + +&#x200B; + +&#x200B; + +**And the story of GameStop, whether MSCI was right that maybe some SHFs should have divested vs. shorted in their own way, is still not the biggest worry for a firm locked in inconsistent ESG scoring, all while it worries about how the next generation of short hedge funds will deal with those inconsistent ESG scores affecting their portfolio.** + +**Because the story of lies, damned lies, and ESG scores is just as much as story of pre-MOASS times, as it is post-MOASS times.**Ā  + +&#x200B; + +https://preview.redd.it/fo31p8mjm7791.png?width=1242&format=png&auto=webp&s=5d904e6166c29492e360cd94f026c3dbd52f5f28 + +When MOASS happens, and we get our tendies, I am sure many of us wil have a keen eye on what good we can in the world. But just as we are to be ever vigilant in other parts of our lives, we must remain ever vigilant about these post-MOASS times. + +&#x200B; + +**It would seriously not surprise me if the same banks & hedge funds that caused MOASS due to their fucking crime would engage in pushing both regular investors and apes towards highly ESG-rated items to wash the ā€œstinkā€ of the utter fraud the world will all be witness to.** + +&#x200B; + +ā€œLetā€™s make the world better now, to get away from just happened!ā€ is something I guess weā€™ll all say (Iā€™m too lazy to make a more accurate thing Iā€™d say but too lazy at this point lol) all the while these banks and SHFs are herding us as cattle to the next round of lies and deceit, circling us down and further round the drain into the next crisis in part through these kaleidoscopes of fuckery that are ESG funds and their derivatives, too busy to look at the green and blue sunshine being sold to us while the water path smells less of hope, and more of sewage. + +&#x200B; + +Pt. 2: ??? + + +https://preview.redd.it/q9tva6wzg7791.png?width=798&format=png&auto=webp&s=29ecd12bac90bcd8220d977e9b5294c32c58a0e6 +They may not take too many questions, but I want to see those lazy fuckers sweat when they realize hundreds of thousands of apes are watching them. + +https://www.sec.gov/news/upcoming-events/hot-topics-retail-investors + +As always, please be respectful when interacting with officials in a public forum. I know it will be tempting to ask the guy named "Dick Best" if he uses the same name on his pornhub account, but please refrain from doing so. + +Edit 1: Viewer count not visible, all attendees have been set to "listen only" and the chat has been disabled. However, the host said they have "a very large audience" tonight. Bullish! Lol. + +Edit 2: This lady from FINRA is very smug. In other news, water is wet, sky is blue. + +Edit 3: Lady from FINRA is talking about "buy and hold investors" specifically, and said that they are not as concerned with short-term price movements. Bullish again! + +Edit 4: Dick Best shared a poll asking whether people consider themselves "investors," "traders," or both. I don't understand the question. "Ape" is not an option; other kinds of primates also not represented in the poll. + +Edit 5: Lady from SEC is discussing PFOF while sitting in front of some gigantic abstract painting that was probably donated by a hedge fund for a tax write-off. + +Edit 6: Smug FINRA lady is back. Compared commission-free trading to kids buying shit irresponsibly with credit cards because they don't understand it's real money. Real nice, lady. + +Edit 7: Host from the university told FINRA lady "Wow, that was so helpful! Now let's change the subject." Do I detect a hint of sass? + +Edit 8: All 4 women in this presentation are wearing pearl necklaces. Is that a thing? + +Edit 9: Same host from university, Porco, told a different panelist "I'm an accounting professor so I love numbers. Would you mind giving us an EXAMPLE of what you're talking about?" Lol. Sass confirmed. She's really HAMming it up. + +Edit 10: SEC enforcement lady says they "vigorously enforce" false information shared on social media. Watch out Jim Cramer, abstract art lady from the SEC is coming for you /s. + +Edit 11: "Meme stock" counter: 1 + +Edit 12: Abstract art SEC lady interrupted the host to pat herself on the back for bringing enforcement action against elon musk for securities manipulation. Good job guys, I'm sure Kenny is shaking in his shorts. + +Edit 13: Smug FINRA lady literally has not stopped smirking for the entire 45 minute presentation so far. Impressive. + +Edit 14: As expected, unfortunately this has been a waste of time on par with the congressional hearings. The one highlight has been Porco's sarcastic segues. + +Edit 15: The guy from the CFTC has not moved at all except for his brief comments. The dude is like Drax the Destroyer. + +Edit 16: Question time! Ayyy first question is "why are market makers allowed to do naked short selling?" Bullshit answer about contributing to liquidity incoming. This shill from the SEC is explaining what a market maker is now. Smh. + +Edit 17: SEC shill continuing to explain how reg SHO requires market makers to mark shares long, short, or short exempt. Somehow neglected to mention the penalties for failure to do these things are basically non-existent. + +Edit 18: Porco commented on the volume of questions! SEC enforcement lady's wifi has myseriously cut out. Dick Best made a brief Melissa Lee face. Gold. + +Edit 19: SEC lady wants you to contact them. You know what to do everyone! + +Edit 20: Time is over. Basically answered no questions. Fuck you shills. We aren't fucking leaving. + +Edit 21: In my opinion, the highlight of tonight's bullshit parade: + +https://www.reddit.com/r/Superstonk/comments/nvgeot/dick_best_from_the_sec_reacting_to_questions/ + +*insert it's always sunny theme music* +"The gang gets FOIA'd" title card +Because if you multiply any number by high enough coeficient you get a high number as a result. Maybe the world's effort to cool drinks for pleasure consumes more energy than minig Bitcoin, then we can compare if having undisputable uncorruptible global electronic currency is better than having a cold drink once in a while. +Hi there. I'm new to algo trading and just found this sub. I was looking through the bestof posts and saw a couple right off the bat that piqued my interest. First, someone asked ChatGPT to build an indicator using C#, and the second was someone who built their own trading platform. As I have been looking at what appear to be robust, third party platforms like QuantConnect and TradingView, I found it interesting that some people decide to go their own way. + +I think it's really cool, but at this stage in my learning, I'm also not totally comprehending the reasons behind it. I assume there may be a financial benefit of doing it yourself and not having to pay for managed infrastructure. But are there other benefits as well? e.g. more flexibility around data feeds or something like that? Or are there certain limitations that come with using an existing platform? Or is platform building interesting for hobbyists who want to learn more about the engineering side of things? Or something else? + +Also, is this the same market that companies like Alpaca and Polygon.io are catering to? I'm playing around with their APIs and can see how someone would begin to approach building their own platform with the building blocks they provide. + +Anyways, I'm just curious and have no opinion at all either way. I was hoping someone could help me understand all of the benefits though of a building a self-managed platform over choosing something like QuantConnect or TradingView. +I have a few years in college of coding experience (although I am rusty) and am interested in trying out a trading bot. Should i just get my own or attempt to make one? Any tip? +Quite a bit of experience in both ML and investing, so I'm not exactly a newbie at this, but wanted advice from someone who has attempted this in the past. Is an RNN the optimal route to go, given the importance of time-series data? Or would an ANN with a moving window of data do much the same thing. And as a broader topic, is a neural network really the best route to go? I can see random forest having some success in the area, which do you find to be better? Any input appreciated. +Say Iā€™m testing a solid algo with a few different 3X ETFs. Most of them do well based on historical data. + +But JNUG blows them all out of the water, at a 50% return per year for the last 5 years. + +Whatā€™s stopping me from only trading my algo on JNUG? Shouldnā€™t it work then, if it has in the past, on just that one ETF? +Hey I wanna make a trading bot that goes over and does some basic fundamental analysis of stocks. Is there any good apis out there you all recommend I am just gonna do this as a little side project? Please let me know thanks. +[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! +Now that you have been in the FIREd island for sometime, what comments in this sub makes you chuckle from those who are still trying to get to where you are? +Morgan Stanleyā€™s optimistic view of the economy isnļæ½ļæ½ļæ½t keeping it from warning about a looming correction in the U.S. stock market. ā€œThe issue is that the markets are priced for perfection and vulnerable, especially since there hasnā€™t been a correction greater than 10% since the March 2020 low,ā€ said Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management, in a note Tuesday. The bankā€™s global investment committee expects a stock-market pullback of 10% to 15% before the end of the year, she wrote. + +ā€œThe strength of major U.S. equity indexes during August and the first few days of September, pushing to yet more daily and consecutive new highs in the face of concerning developments, is no longer constructive in the spirit of ā€˜climbing a wall of worry,ā€™ā€ said Shalett. ā€œConsider taking profits in index funds,ā€ she said, as stock benchmarks have dismissed ā€œresurgent COVID-19 hospitalizations, plummeting consumer confidence, higher interest rates and significant geopolitical shifts.ā€ + +She suggested rebalancing investment portfolios toward ā€œhigh-quality cyclicals,ā€ particularly stocks in the financial sector, while seeking ā€œconsistent dividend-payers in consumer services, consumer staples and health care.ā€ + +[https://www.marketwatch.com/story/stocks-may-fall-15-by-year-end-warns-morgan-stanley-here-are-some-portfolio-moves-investors-might-consider-11631057723?mod=home-page](https://www.marketwatch.com/story/stocks-may-fall-15-by-year-end-warns-morgan-stanley-here-are-some-portfolio-moves-investors-might-consider-11631057723?mod=home-page) +I'm a smoothbrain but hear me out for a second, I'll keep it short. + +I am reading a lot of comments and some highly upvoted posts about an upcoming fake squeeze where the price will go up to a max of around 1000 and then drop down to the low 100s in a way for hedge fucks to simulate a squeeze. In my opinion this narrative that is being spread might cause a few of the apes to day/swing trade and sell some shares with the intention to buy back cheaper. Or worse...they will sell for 1000 and then the MOASS will actually start without you and you just gave the SHF a way to buy your shares for pennies. + +Now let me tell you 2 things: + +1. No real ape will think that the squeeze will have happened if the price reaches 1000 so there is no need to "warn" us about it. + +2. It's a sort of price anchoring to give a highest share price for a "fake squeeze". And we all know price anchoring leads to FUD. + +Also to tell you the truth I believe that if the price goes to 1000 then FOMO will be kicking in like crazy and I have a hard time believing it will be easy for SHF to actually suppress the price. I mean remember what happened in January? They had to turn of the buy button for gods sake. So to any "ape" who thinks they can sell for 1000 and buy back in the low 100s I would urge to think again cause if you are wrong then you just gave away your tickets to the moon because that "fake squeeze" was actually the beginning of the real squeeze. + +Anyway this is just my opinion. I for one won't care what the price is until it reaches the millions but everyone can make their own decisions. All I know is that SHF are cunts that are fuk and all I need to do hold until I see international phone number in my account. +So the question is - What else would, should, or are you doing to create your wealth. Take this as a starting question. You have a newborn, a steady job, and want to create wealth so to provide a good life for yourself and your family. What do you do? +Hey, Iā€™m 19 and I recently started learning trading in forex and Iā€™m really loving the whole idea of it. Been through a lot of ups and downs in my family and everything lies on me now. I know you forex isnā€™t a shortcut to wealth but I love it and Iā€™m willing to stay in It for the long run. However, I need someone who would teach me the ā€œdoā€™s and donā€™tsā€. I know everyone makes mistakes and no one is perfect but to be on the right path, I would need someone to hold my hand and put me on the right path. Anyone willing to help a beginner rise? +There are too many people asking how to avoid losses and once again are looking for the holy grail. Ladies and gentleman I present to youā€¦ + +The holy grail! (your system that you built tailored to your personality that makes a consistent profit by having a positive RR and a win rate that will support that RR. For example a 60% win rate and a 1:2RR backtested over at least 100 trades is all you need) + +Thatā€™s literally it. There is no strategy out there that wonā€™t lose. Why is it when a business loses money itā€™s seen as normal and a necessary cost but when a trader loses money they start to question their ability? They question the system or they question the markets and everything surrounding it? The statistic that only 5% of traders are profitable may sound scary but if you look at life where else are the chances not like this? In fact 90,000,000 people buy a lottery ticket every year, if not more. The chances of winning the lottery are like 1 in 13 million yet people will still pay for a lottery ticket every time. 9/10 business will fail in the first year then a further 9/10 will fail in the second year. The chances will always be against you whatever you do. + +You chose trading because you knew that you wanted to make a difference in your life. Take the losses as they come. Manage your risk and learn from your mistakes. Keep optimising your system and always keep in touch with other like minded traders. Community is definitely not talked about enough when it comes to trading. Having just one person that you can share ideas and discuss concepts with will tremendously help. + +Letā€™s discuss in the comments :) + +Hope everyone is having an amazing week! +Me and a friend decided to do forex trading via a broker. + +For the first trade we made Ā£200-Ā£500 each from just a Ā£100 trade. For the second trade we decided to invest more money, my friend made a 5k profit and I made a 2k profit. But in order to withdraw the money, my friend had to pay a signal fee of Ā£850 and I had to pay Ā£300. We decided to pay my signal fee as it was cheaper, but now Iā€™ve received an additional email saying I need to pay an extra 450 usd for the transfer VAT code so I can withdraw my money. + +Have we been scammed if I pay this 450? Itā€™s annoying because the broker never told us about paying different fees. The only reason I donā€™t think itā€™s a scam because we made profit off first trade, but we donā€™t want to risk it anymore as it seems like heā€™s playing us. Thank you + +UPDATE + +he blocked me and my friend + +His Instagram is https://instagram.com/kel__pips?igshid=p6p5bb1v7ufv + +Number is +1 (530) 278-5178 +He downloaded the app and loves all the (controls) and screens. He started buying and selling and watching the little built in videos. He says it is a never ending video game where the score could actually matter in real life. + +He is taking the same serious approach he always does to his games. I see small experimental trades and in the first few days the account has fluctuated back and forth from 49,000 to 51,000. + +It is fun watching him develop his (video game) strategy. It seems to be one of technical scalping with small continual "point" growth. + +When he sets out to beat a video game he always uses youtube for help along the way. He's doing the same with the forex and explained candlestick graphs to me in detail two days ago. + +I taught him his multiplication tables when he was four and he's in ap classes so the potential is there. I am curious to see how he trades next week. + + + + + +This weekend after 18 months of hard work and long hours of studying every day i feel like its clicked for me. I could be wrong of course, I'm still back testing a few pairs, but it is looking quite promising. For me being a swing trader its mainly down to momentum, market structure and a price action using no indicators. + +What was it for you? +Hi everyone! + +I was updating the wiki and discovered that we never put any names of foreign brokers into it. This is likely because the majority of the mods are US based. Reddit is international, so we need your help, those of you who are based anywhere that is **not** the United States: Tell us about your broker. + +We need: +* Name of Broker +* Home page html link +* Is the core language something other than English? Do they not have English interface? This is fine, let us know. +* Assessment of spreads (tight, wide, unfair, fair, variable, unknown, etc.) +* Assessment of Customer service +* Minimum Deposit required (It does not matter which currency, just tell us which one with the appropriate symbol) +* Country of residence (the Broker's) +* Max leverage on Majors, Crosses, and Exotics +* Any restrictions we in the US may not be aware of (do any of you poor bastards have strangling regulations like we do in 'Murica??!) +* Any relevant information that may influence a new trader's decision, such as finances, deserved reputations, treatment of customers, etc.. In the US, the best example is FXCM having almost gone bankrupt and needing a bailout from Leucadia LLC. Overseas, I am looking for info such as Saxobank being a basket of cunts to overdrawn clients about the CHF, Dukoscopy constantly being the home of advanced forex competitions, how Oanda treats non US clients, etc. + +As many as possible. Not just Europe, either! I want to hear from Asia, Africa, South America, and the Pacific Rim. Antarctica and Mars can chime in too. + +Thanks! +that quote is from this website + +[https://www.dailyfx.com/forex/fundamental/article/special\_report/2015/06/25/what\-is\-the\-number\-one\-mistake\-forex\-traders\-make.html](https://www.dailyfx.com/forex/fundamental/article/special_report/2015/06/25/what-is-the-number-one-mistake-forex-traders-make.html) + +If this is true then why don't traders just do the opposite of what technical indicators and analysis would suggest? +I don't know any other trader so no one to talk to. + +This isn't about the money (I actually don't have a big account), but it's about what losing represents, it's something much bigger than money thats why it hurts. Feeling like shit. + +Hey guys, + +I'm relatively new to forex trading, but have been trading stocks and crypto for the past 2 years. I was able to turn 64k to 210k in the span of 5 weeks. I have a good understanding of technical analysis. + +Most of my trades have been successful. But then came AUDUSD, where I made a loss of 160k in the past 2 days. + +My account size trend looked like this:64k -> 145k ->180k -> 150k -> 220k -> 145k -> 210k ->66k. + +Absolutely devastated. + +My return over 5 weeks has just shrank from 160k to 2k. + +I know I made a profit, and I didn't lose any initial money. But I feel sick in the stomach. I oversized on my AUDUSD position, assuming that it needs to pull back at least. It just kept on flying higher, and I had a high conviction on this trade. Literally everyone was wrong on their AUDUSD calls. I think my fatal error was relying on fundamentals - my mind thought "it's a risk off environment, there is NO WAY that AUDUSD can go above 0.66". Oh boy was I wrong. Wrong, wrong wrong. + +I feel like a complete failure. I just withdrew everything from my account, as I know that if I traded some more, I probably could lose everything. + +I'm going to have to rethink forex. It is definitely very very difficult. + +Any feedback would be excellent. Thanks everyone. +Ever since starting Forex this has honestly become my dream. + +* What's a day in the life like for you? + +* What kind of a lifestyle do you sustain with Fx + +* Family? + +* Taxes + +* We all have losing days/trades but do you guys ever have losing "weeks" where you have to take a "pay cut" + +* How much capital did you start off with and at what age? Age now? + +I'd really appreciate anyone who could give some answers +I have been learning about forex and trading for a while now and almost all or the major stratrgies involve liquidity i have been searching everywhere i can(which is youtube and google ofc) but i still cant quite wrap my head around the concept.If anyone can help and if possible even some materials or links to learn it would be much appreciated. +To start with, my condolences to everyone who took quite a hefty hit today with the Pound, and cheers to those who have a nice paycheck for em this weekend. + +Anyways I am curious to hear what your guys' systems are, not specific, i.e a trend trading system, counter trend, scalping etc. Go as in depth as you want, experiences with it, draw backs, timeframe, if you've changed and why. + +I use a counter trend system using the daily chart and executing on the 4 hour using a series of overlapping CCI's and ADX's. A good risk management system has made it quite a profitable system. + +Lets hear em +My strategy has been pretty much spot on, but most of the time cutting my profit short, like eur/usd sell at .xx973 cut for profit at .xx700 when It ran to .xx300. I was emotionally weaken when it ran up 20 pips, so i didn't want to risk. what's your way of dealing with this situation? +I would like to start trading forex,but I obviously have a lot to learn. +Where did you learn how to trade? How did you decide you want to learn? +And how long did it take you to become successful :) +Thank you in advance. +I have been lurking around here for a little while. Judging by the responses in these post, nobody seems like they know much about actually trading, just speculation on what it is like. Don't mean this in a negative way, just curious of the demographic. +I've been reading a lot of articles about famous forex traders. It all comes down to the same philosophy: Keep your losses small and push your winners to the max. It seems easy but it isn't. What I mean is that it's not hard to place a stop loss order and risk 1% per trade. But i'm having difficulties with 'pushing the winners'. When youre in profit, it's really hard to let the trade run, I think many people experience this but i think the reason for this 'fear' is that we are afraid that the now profitable trade will in the future return to break-even. And the idea that we now have a 10% profit but if we let it run we could lose it all is perhaps the biggest fear amongst traders? +Is there any way to overcome this tought, to stimulate your subconciousness to let the winners grow and grow and grow. Any tips? :p +~~So this is a incredible true story of being amazing at forex~~ +I blew account down to Ā£3 gave up, came back a few days later said fuck it and decided to start balls to the walls trading, wacked on a 0.01 and it ended up going to Ā£7.80, i kept going balls to the wall every time, and kept going, since (Friday?) ive managed to get it up to Ā£115 +Proof: https://gyazo.com/9ca82ca4cccd05a2ad3673c3870855bc, Starts on the first trade after i blew account +Proof: https://gyazo.com/3edc9c214edd5e1b3067d96a6613f956 Ā£111 Equity Right now +Only 2 lost trades where when my brother put some on that i had to cancel. +Overall, selling the method i used to 3000% my account in 3 days for Ā£5000 +^^^^/s +EDIT: should say before someone comments about SL and Lot sizes, i kinda just forgot about SL on this account, was doing stuff on demo and that was just back of my mind on my phone, use SL 100% of the time other than that, and lots where balls to the walls, taken them down a notch after active trades finish +I'm not completely new to forex, I've bought some courses, blown some accounts, the usual. +I'm now starting at zero. The problem I'm dealing with is setting up a strategy. Having consequent rules for an entry and exit. I just can't seem to get it right. My old strategy led me to taking one trade a week with minimal profit, because it had way too many criteria for entering a trade. +After that I said fuck it, entered every trade setup I saw and made 2k in a day. Wow. It's that easy? Fuck risk management too. Lost 2k the next day. +I can't seem to get it right. My entries are sometimes amazing, zero drawdown. Sometimes hundreds of drawdown, I can't close the trade - don't want to accept the loss. The biggest problem is that I don't have a strategy I 100% trust in. But how to set that up? I've bought so many courses now, their strategy doesn't work for me. I want to set up my own strategy but obviously never really done that before. Can y'all recommend anything, books, videos to help with that? Would be much appreciated +I have been lurking around here for a little while. Judging by the responses in these post, nobody seems like they know much about actually trading, just speculation on what it is like. Don't mean this in a negative way, just curious of the demographic. +I always come across posts here and there mentioning "Big Players" traders who actually cause the big market swings. + +Who are those "big banks" that move the market? Are they Goldman Sachs, JP Morgan, SG, HSBS or some trading-specialized banks (or maybe hedge funds)? Are investment banks allowed to take big risk and trade on margin to make abnormal profits? Do they have people who sit there and study charts to take positions with the banks money? + +I've been trading for a while now and the picture is still blur when it comes to this in particular. +Thanks for making it clear! + +&#x200B; +"An economic system is the result of its legal system. All EWR analysis begins with the two fundamental principles of the old English Common Law. These two rules can be expressed in 17 words: do all you have agreed to do and, do not encroach on other persons or their property. The first rule is the basis of contract law, and the second, the basis of tort law and some criminal law." + +-Richard J. Maybury + +the publisher of U.S. & World Early Warning Report for Investors. +Hi UK PF, + +My spouse and I moved from the US to the UK back in August of 2015 on a Tier 2 ICT Visa for my work. Since then, we filed our US taxes (which is always a nightmare process) properly, but I'm completely lost on how to ensure we're doing UK taxes properly. Prior to moving, my company provided brief consultations with UK and US tax experts. I have notes from the conversations indicating we'd probably need to file in the UK, but I have notes about domiciled vs non-domiciled and that we'd need to claim back some form of overpayment, as we were only in the UK for eight months of its tax year. I can't make any sense of what we're actually supposed to do. + +We own a rental property in the US and have the usual bank accounts, retirement accounts, etc. We have not transferred any real assets from the US to the UK (aside from taking the occasional Ā£20 at ATMs out of our US checking account). We have a shared UK bank account and I have a pension through my UK employer. My spouse has been working self-employed off-and on throughout 2016 (various work here in the UK) and found a full-time job late this year - I believe she has registered with HMRC, though I don't know specifics at the moment about when she started earning in the UK (I think it was sometime early-mid 2016), so I can't recall if she'll fill out the self-reporting forms this year or next. + +I've been looking through the UK Gov tax information, but I'm in a complete fog about how we're supposed to proceed. I know online tax returns are due at the end of January, so while we do still have a month, I'm now stressing that we've completely screwed up the UK side somehow or aren't taking the steps we should. + +Can anyone provide some recommendations about what we might need to do next, or with whom we should speak about this (or how to find the right person to talk to)? The tax consultations my company provided were a one-time thing; we were then given a hideously-expensive quote to take care of the US and UK taxes. + +Thanks in advance for any help. +Good morning, here's my watch list: + +Gap Ups: ACN, AHPI, BMRG, INO, MRNA, RAD, SRNE, UVXY, VIR + +Gap Downs: ALK, BA, IQ, KBH, LUV, NCLH, QURE + +Yesterday I mentioned support at the 200 Day moving average on the SPY as nearest support and thets where price stopped. Pre market price is sitting on top of the 200 dma. Next nearest support is at the previous pivot/bounce at around the 296/297 area. As of this moment I am still bullish as long as these levels hold. What is a bit interesting is that there are 3 gaps in the SPY that have not been filled yet. So if these levels break, will the gaps get filled? Only time will tell. As far as trading goes, there has been some decent moves. If the market falls further I'll try to catch another move in UVXY since TVIX is delisted. If it holds, business as usual and regular setups on continued momentum. Good luck out there +Took my young daughter to the park for the first time. She is just getting big enough to do some of the "tiny kid" things at the park. We were eager to put her on a swing. Daughter of tturedditor was not super impressed with the swing, but we had a great time as a family. It wasn't until we were leaving that I looked around closely, and I was the only dad there. A lot of moms and a few who based on appearances were likely nannies. Made me feel good and I had to humble brag to the wife in case she hasn't noticed herself. Sometimes I think she just wants me out of her hair and vice versa:). But for me it was one of those moments that solidified a lot of my choices. + + +Second story from same day: rode my bike for a little over 90 minutes. I am working on getting back in shape, and this was my longest ride to date. 24 miles. I have lost ten lbs in a few short months. + + +I am not FIRE yet, although I could be if I moved LCOL and leanfire approach. But I have found a job that is incredibly lifestyle friendly to the extent of having 3/4 of a given month off. It has been a blessing to say the least. I have already decided if for whatever reason this job doesn't pan out, the only ones I will consider moving forward would be lifestyle friendly. +http://www.forbes.com/sites/mayakachroolevine/2016/11/14/how-this-28-year-old-retired-in-nyc-with-a-net-worth-of-more-than-2-million/#3772c0de491d + +Pretty interesting read in Forbes today. I came to the FI movement a little later in life (started at 32), but it's cool to hear how others are doing it young and it gives me hope I can finish up quickly as well. + +I'm not sure I could live in an apartment with slanted floors though. I'm too old for some things. Anyone else have thoughts? +$xFund is hovering right near $2000/xFund - this might be your last chance to secure a "make-it" bag before we go parabolic. Shiba's L2 solution is being developed by $xFund's devs and will be the market leader in solving the ETH gas crisis. $xFund is literally solving the biggest problem in crypto alongside a 10 top coin!! Purchasing at this level is still millionaire-maker territory. + +$xFund reached a token price of over $10,000 per token earlier this year, and is primed to smash right through to $25,000-$50,000 in the near-term this alt season + +* Barely a 14mil MC with a circulating supply of 7000. Max supply is set to be a mere 10,000 tokens, with emissions halving multiple times along the way. Scarcity will increase fast! + +**DO. THE. MATH. At a tiny 100mil MC $xFund will break $15,000 per token. The same MC as hundreds of useless BSC projects. At ChainLink's MC: 1 xFund = $2,000,000. 2 MILLION DOLLARS per token. These are the most ridiculous tokenomics in all of crypto.** + +* xFund's oracle is already the best tech in the space - beating ChainLink to market with their VOR random number generation, leading to my next point: +* xFund is currently providing the oracle services for ShibaSwap, and developing Shiba's Layer 2 blockchain solution to alleviate the ridiculous gas ETH gas fees. Arguably the most important DeFi use case available to pursue. xFund is also what powered Shiboshi's - SHIB's NFTs, yet another massive DeFi use case. +* The team is experienced, doxxed, and have been in this space for years - Our Chad CEO has been seen alongside other huge names in crypto such as Sergey of ChainLink. +* Staking rewards are still live, and have been since the very start of 2021 - team is always eager to reward holders. Additional rewards are available through staking Liquidity Tokens on the $xFund pair on ShibaSwap. +* Multiple NDAs have been signed and the team is constantly working to partner with only the best projects in crypto - many huge milestones have been reached in 2021 with 0 marketing, no gimmicks, and no manipulation. +* xFund has a literal top-10 coin using their services and developers - our partnership with SHIB is easily the most undervalued partnership in all of crypto. +* $xFund is part of a dual-token ecosystem with $FUND - the native blockchain. Now transitioning into a DAO - The next big space in crypto's evolution. Don't be late to the party! + +Contract Address: 0x892a6f9df0147e5f079b0993f486f9aca3c87881 + +Telegram: [https://t.me/unificationfoundation](https://t.me/unificationfoundation) +#Today at 12:00 PM GMT+1 the MoonPump team made history! + + +$PUMP launched with an initial market cap of 1 million USD and rallied, barely touching the 9 million mark! + + +All the Twitter contests, all the posts on Reddit and 4chan paid off! + + +We're currently sitting at a 3.5 million market cap, some people running off with their profits, but let me get to the real thing. Why take a profit equivalent to a night out at a fancy restaurant when you could wait just a little longer and be able to buy the whole thing? + + +This is what we're about at MoonPump, HODL HODL and HOLD. + + +We've got huge rewards for HODLers such as: +Buy $PUMP to win $PUMP. + +In this contest, you have to buy 5$ worth of $PUMP to be eligible to win a prize as big as 10.000$! + + +All you have to do is submit your txn over here along with your wallet address so that we can track it! + + +Worried you won't win any prize? Don't be! All HODLers are getting rewarded with a 2% redistribution of all sold tokens! + + +So I ask again, why would you sell when you can HODL? + + +Links: + +šŸŒ Website ā€” https://moonpump.tech/ + +šŸ“§ Telegram ā€” http://t.me/MoonPumpTKN + +šŸ”ˆ Telegram ā€” http://t.me/moonpumptoken + +šŸ•Š Twitter ā€” http://twitter.com/MoonPumpToken + +šŸ“˜ AMA ā€” http://soundcloud.com/user-272968677/ama + +šŸŽž Audit ā€” https://www.certik.org/projects/moonpump +Hello dear investor! +I'm really glad you stopped by to check out why xxxNifty could be the next boom in Everything adult, including but not limited to NFTs & Adult Content. + +xxxNifty is a registered business, utilizing Blockchain technology with itā€™s utility token, in several facets of their business. Some key points about xxxNifty include : + +Launch of Alpha release of Pleasurely.com, xxxNifty's Adult Social Platform. (OnlyFans Competitor) + +Just sold an OnlyFan xxxNifty Amouranth OnlyPunks NFT for over $125,000 using $NSFW on their World's largest adult NFT marketplace. + +Stormy Daniels OnlyPunks NFT Auction Live right now! + +- The Worldā€™s Largest Adult NFT Platform, to date. Their Utility Token $NSFW is used for purchases in the marketplace. + +- Merch.xxxnifty.com is the xxxNifty Merch store! + +- Nsfwpay.com making buying $NSFW a breeze via flooz trade! + +-2 Top 10 Exchanges on the way! + + +If this isn't enough, On Pleasurely.com, interacting with creators will be as easy as the push of a +button! Tip with $NSFW. Interact in live streams with $NSFW. Messaging and unlocking posts +and other content With $NSFW! And lastly, Interacting & Unlocking creatorā€™s social feeds with +$NSFW! Once launched, the team will be looking into furthering and expanding the platform as +well! + +Just sold an OnlyFan xxxNifty Amouranth OnlyPunks NFT for over $125,000 using $NSFW on their adult NFT marketplace. + +Monday Stormy Daniels OnlyPunks NFT Auction! + +āœ”ļø700 Adult NFTs on their Marketplace. +āœ”ļø100+ creators on the platform to date (no matter of gender anymore!) Adding more daily +āœ”ļø600+ NFT sales. Over 200 1of1's +āœ”ļø8 partnerships w/Agencies +āœ”ļø8 Brand Ambassadors +āœ”ļøDeflationary Tokenomics benefit holders +āœ”ļøDaily NFT sales +āœ”ļø$27 million MC, 2 working platforms utilizing the utility of their native [NSFW] token +āœ”ļøXXXNIFTY is a registered business, meaning devs and team are all doxxed +āœ”ļøTechRate Audit approved + +The number of holders, content creators, and partners is growing day by day. Check it out for yourself as well, be a member of an industry changing project, and join an amazing community! + +TOKENOMICS + +Total Supply 69,696,969,420 + +2% LP Pool Growth +2% Holder Reflections +2% Burned +4% Marketing & Dev wallet + +Over 40% Of Supply Burned +Liquidity Locked +Liquidity is locked for 12 Months on Pancakeswap +========================================================== + +šŸŒWebsite: + +SFW with: https://nsfwpay.com +NSFW: https://xxxnifty.com + +========================================================== + +šŸ“±Telegram: + +https://t.me/xxxnifty_official +https://t.me/xxxNiftyAnnouncements + +========================================================== + +šŸŸ¦Twitter: + +https://twitter.com/XxxNifty + +========================================================== + +šŸ“ƒContract : + +0x9daaa05946e486add2c81e0d32d936866b8449d9 + +========================================================== +šŸ”’Liquidity is locked for 12 months +Transportation Secretary Anthony Foxx says Pres. Obama's 2017 budget proposal will include $4B for self-driving car pilot projects over a 10-year span. Among other things, the funds would cover a program to test self-driving cars on technologically advanced roads. + +To encourage tests, the DOT also plans to make up to 2,500 self-driving cars exempt from some proposed safety rules for up to two years, and to work with state governments to create state regulations for autonomous vehicles. It suggests an interest in lowering auto fatalities is behind the effort. Foxx: "We ask ourselves, 'What if human error could be eliminated? That is a possibility worth pursuing. + +"Mobileye which is going after the autonomous driving market via its driver-assistance systems, is a potential beneficiary. As is Google/Alphabet (GOOG, GOOGL), which has amassed a major lead in real-world driving data for self-driving prototypes, and is looking to bring a self-driving car to market by 2020. A JV with Ford is rumored to be on the way. +So, I'll take as an example an apartment that currently rents at $100,000 per year and the method I'm using so far. + +(The figures are completely unreal and serve as just an example) + +&#x200B; + +To determin the net rental income: + +1. Take the average annual rent for that building ($100,000) +2. Subtract 10% as an unoccupancy risk factor ($90,000) +3. Subtract 7% for various appartment management , remodellings and expenses over the year(s) ($83,700) +4. Subtract all service charges you might be paying annualy as a landlord to the building management (for example $20,000) + +Would leave you with a net annual rent of **$63,700** + +&#x200B; + +Then, for example say you want to figure out the real value of the flat with an ammortization timeframe of 15 years. + + $63,700 * 15 = $955,500 + +If in a good area, with access to public transport, restaurants, schools and so an add a 20% premium on top. + +Which would result in an actual value for the property **$1,146,600** + + $955,500 * 1.20 = $1,146,600 + +Is this an accurate way to measure single unit valuation? + +&#x200B; + +(Amateur here so would like to hear all opinions) + In an open letter Wednesday, Cook wrote, "the government's demands are chillingā€¦ We are challenging the FBI's demands with the deepest respect for American democracy and a love of our country." Google boss Sundar Pichai as well as Jan Koum, CEO of messaging service Whatsapp , are among those who have backed Apple's decision. +I hope Iā€™m not coming off as snobbish, itā€™s just that I see the term AR-NFTs a lot these days, and while like all things crypto, Iā€™ve done my own research, I just want to know what the attraction is. What are the real-life uses of AR-NFTs? The only thing I really know about them as a concept is, that theyā€™re not ā€˜flatā€™ NFTs that are just ā€˜links to documentsā€ but other than that, how are they applied to actual use? Are there any marketplaces to look out for too? +**Eth hits $325:** "Damn, that's a nice gain from the bottom, but I learned my lesson from last time when I lost all that money, I'm staying clear of crypto for good. Let those idiots see what it's like to lose 70% of their money LOL. Gonna get my popcorn ready." + +**Eth $650** - "Shit, I could have doubled my money if I got in at 325... oh well this can't go on forever, it will surely crash back down soon and you can't time the market of course. A bunch of my friends are buying in, I kinda feel sorry for them. Dave said he went 'all in'. Dave is such an asshole, can't wait to see him shut up about crypto real quick when this bottoms out." + +**Eth $1k -** "Ugh I really shoulda gotten in at $325. Even if I got in at $650 I'd be doing amazing right now. But this is where I bought in at last time and I can't afford to lose 70% again. Can't buy at the top again. Besides, there are so many shitcoins and my dad says it's all a scam. Dave won't shut up about how great that Lasik surgery he just got was. Fucking Dave" + +**Eth $2,500** - "Smart contracts are an absolute game-changer with endless applications across the world. Vitalik is the Steve Jobs of our generation. Sure I could have 9x'ed if I got in at $325 but when Eth hits $15k like reddit man said it would I'll be so rich and it won't matter. Putting my savings into crypto again! this will be different because I know much more about crypto now, I also picked up some BCH because Roger Ver is very good looking and you gotta diversify. John McAFee 2020! Lmao. Jesus Christ, another instagram post from Dave in Santorini? It feels like that guy is always on vacation." + +**ETH $1,300** - FUCK I can't believe this happened again. This is such a bubble. I need to get out before it goes even lower, I can't afford to lose any more. Time to sell. Dave says to ride it out, but thats easy for him to say, he got in at 325." + +**ETH $1,000** - I learned my lesson from last time when I lost all that money, I'm staying clear of crypto for good. Let those idiots see what it's like to lose 70% of their money LOL. Gonna get my popcorn ready. +I'm bracing for downvotes but here goes: + +During the 2017 rally, I have invested a sum of $12K while bitcoin was gaining value like crazy. BTC was around 17K when I invested. I was very new to crypto & it was a mix of fomo & taking advice from people on reddit. Everyone was just so optimistic & posting links to articles like "BTC to hit 100k this year" etc. I fell for it. + +Couple weeks after my investment, BTC started tanking. Free fall, a total bloodbath. I kept coming back to Reddit for advice but since a lot of people on the BTC / ETHtrader subreddits have money in it, the subreddits were plagued with "HODL it's coming back up!" & other nonsense "TAs" with funny graphs & impossible predictions. + +Needless to say, I decided to HODL like most people were advising while my portfolio sank all the way to 2.5K (I had invested in some shitcoins as well that never recovered - also due to some reddit shills that were selling dreams but that's a story for another day lol...) + +I never sold. Simply re-arranged my portfolio, sold some shitcoins & reinvested in those who were tested & proved. + +BTC has now soared above 50K & it was just enough for me to be in the green again (due to some coins losing 95% of their value & never recovering). Looking back at it, selling during the drop or converting whatever I had to USDT then buying again when the bloodbath was over would have been a much smarter choice & my gains would have been much more substantial. + +All of this to say: Don't "HODL" blindly. BTC has gained immense value during the recent rally & eventually, it will crash again like it always does. When? No one really knows but sometimes, it's okay to sell so you can lock yourself in a better position after a big dip. Don't follow every optimistic advice because frankly, no one really knows where it's heading next. + +Note: I'm only blaming myself for my crypto misadventures. I should've been more careful. I should've researched more & made my own decisions. But one has to make rookie mistakes to learn from them... happy investing! +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Not looking for career advice or anything, but generally asking the question to gain a better understanding of the different types of people who frequent this subreddit and what they do for a living. I'm sure this is a pretty sensible question for this subreddit as what you do to make an income is one of the biggest factors of your own personal finances. + +&#x200B; + +I see alot of young 20's people posting here, aswell as some 30 year olds and above so would be interesting to see the type of careers/jobs/businesses everyone has, what made you get into that and would you change it if you could go back in time and choose to follow a different path for yourself? +Pretty simple question. + +What stocks, commodities, or other tradable assets do you think are currently mis-priced on the low end relative to the rest of the market? Please explain your reasoning as well. + +Please stick to things that are not totally obscure. +Bonus points for dividend picks. + +It seems to me that right now most things are on the high end of the valuation scale. Lots of money out there chasing everything it can buy. +https://www.bbc.co.uk/news/world-54566730 + +Anti-viral drug remdesivir has little to no effect on Covid patients' chances of survival, a study from the World Health Organization (WHO) has found. + +Whilst itā€™s manufacturer Gilead ($GILD) have rejected the findings of this study itā€™s likely that it will have a massive impact on the demand for the drug worldwide. + +$GILD is down around 1% in premarket and I imagine will have a solid red day. +Hey all. About a year ago, I fulfilled my wife's request and invested a few thousand in BTC. I was always against it, but at some point, I just got tired of her constant ""my colleague bought herself a new car investing in crypto"" blabbering and reproaches of my short-sightedness. + +&#x200B; + +So I decided it would be safer for my mental peace to give up and open a crypto wallet. In my mind, I'd already put up with the idea that this was lost money, and when BTC started falling, I wasn't surprised. TBH, I quietly gloated seeing my wife's facial expression change every time she checked the exchange rate and enjoyed not hearing any stories about her acquaintances who made a fortune on crypto. + +&#x200B; + +I've already forgotten about owning any BTC. Still, a few weeks ago, I received a fine bonus from my boss, and when my wife found out about it, she started nagging me about putting it all into BTC since we don't have any urgent financial needs. + +&#x200B; + +At all my arguments that it'll be the same as literally burning the money in our backyard, I only hear, ""You don't get it. BTC will be worth millions in a few years"", ""Crypto winter is the best time to buy more,"" ""All my friends are doing it."" Frankly, the thought of getting divorced has never visited me more often than in the last two weeks. + +&#x200B; + +Though I must admit, she's right in saying that I don't get it. I always preferred to avoid risky endeavors and go with the traditional ways they recommend on places like [Investor Junkie](https://investorjunkie.com/) \- individual stocks, index funds, REITs - low-risk, long-term investments. + +&#x200B; + +It's hard for me to understand what makes BTC such a promising investment especially given the energy crisis this year and all the scam scandals around crypto. IMHO, BTC would rather deflate than ever rise to a hundred thousand. Am I wrong? +it started out as just a $100 payday advance here and there and now iā€™m in the negatives after all the repayments came out this paycheck. i donā€™t have money for groceries and iā€™m too embarrassed to talk to my parents. how do i get out of this cycle? +Iā€™m 24, currently on Ā£37k. I contribute 8% to my pension and my company contributes 10%. My pension is with legal and general. + +Ive read on here that the default investments for pensions arenā€™t always the best. I donā€™t know anything about investing and I donā€™t have any outside of my pension. Itā€™s something I want to learn more about and get involved in, but at least for right now, what is a good strategy to allocate my pension contributions to? Looks like mine at the moment are primarily invested in company shares and the fund has been down all year. +Help a youngling out. I'm early on in my career, and I want to know what you did in your career that really paid off. + +Networking event that got you a job? A scary project that impressed the boss? Learn a skill that led to a career change? What actions did you take that led to improvements in your work life and (hopefully) income? + +So often in this sub we talk about increasing our income via side-hustles, but I want to know how you increased your income in your day job. + +EDIT: Also, did you make your career moves more aggressively after committing to FI? I know that I'd like to retire in 10-15 years, so I'm trying to move up that ladder ASAP. Is that a good strategy? + +(Also, mods I'm not sure if this qualifies as too personal finance-y. If it is, let me know and I'm happy to take it down). +Seems there's quite a bit of investment in real estate from folks here as a part of their portfolio. Because of the interesting tax incentives around depreciation, 1031 exchange, and building wealth more conservatively now. + +As someone looking at different options like buying directly, types of RE, and syndicates, what real estate investments have you made? How much? Worked out well? +The news that the UK is now in a recession has led to an increase in people asking whether now is the right time to invest. + +If we look at the performance of a number of UK indices since the start of the year: + +- FTSE 100 is -16.85%. +- FTSE 250 is -17.80%. +- FTSE All Share is -16.87%. + +Let's compare this against a number of global indices over the same time frame: + +- MSCI ACWI is 3.87%. +- FTSE World is 3.44%. +- FTSE Global All Cap is 3.11%. + +The market capitalisation of these indices shows the amount weighted in the UK ranges from 3.73% to 4.39%. Back of a fag packet calculations, but that means the overall effect of the UK markets on overall global returns is somewhere around -0.67%. This shows that the rest of the world as a whole has been resilient and held up quite well, highlighting the importance of diversification; even though markets in the UK have tanked you'd still be up. + +We know that time in the markets beats timing the markets but people like to invest when markets are at all time highs and question whether to invest when volatility goes up and markets go down, which is pretty counterintuitive. As doom and gloom as the picture in the UK may be at the minute don't let that cloud your judgement if you're investing in global equities because the overall outlook isn't as negative. + +Buy it, hold it, forget about it. If you keep checking how your investments are doing too frequently you'll drive yourself mad. +I'm always really annoyed when something big happens while I'm sleeping. Like a hack, attack, unexpected development update or some kind of hard fork that went wrong. **I lose so much money by not being able to act instantly.** + + +For this reason, I'm **developing an app that will literally wake you up the second something bad (or good!) has happened.** Of course, it will also alert you when you are not sleeping ;) + + +The app will be released before the end of the year. + + + +**It will work like this:** + +- You set your favorite cryptocurrencies in the app + +- You set the minimum 'importance score' for when you should be alerted by an alarm, from 0-100. 0 means not important news, 100 means most important super urgent news. + +- You will get alarms for important events for your favorite cryptocurrencies + +- The app has a monthly fee + +- **News events are crowd-sourced** from regular users of the app: Users can report events. The first reporter to report a specific news event gets rewarded with a portion of the app's income. This is to incentivize reporters to report news quickly. + +- Reports get curated by my 24/7 team. We decide to accept or reject the news event. When accepted, the news event is pushed to the app's users (only then will the reporter earn money). This is to prevent spam, duplicates, FUD, and false news pushed by reporters. it ensures **high quality content**. We also assign the 'importance score', which is chosen arbitrarily, but expertly. + +- Please note that there will be a feed, so you can read all news events that were under your 'importance score' whenever you want. + + + +**Future upgrades:** + +- Different 'importance score' thresholds for different time ranges. For example, only alert me for news events that have an importance score higher than 70 while I'm sleeping. But alert me for news events that have an importance score higher than 20 while I'm awake. + +- 'Roadmaps' section, which shows the roadmaps of your favorite cryptocurrencies, with important dates. Reporters can also submit changes (and earn money) for this. You will also be able to set alerts for specific events like these. + +- Only get alerted for certain keywords. For example, if I only want to get an alert when OKCoin adds Ethereum, I will add a rule to include "OKCoin" in news item name. + +- The app will be built on Ethereum platform. Currently it is still a centralized platform, just because it is quicker to release an MVP (Minimum Viable Product) quickly like this. + +- Apple/Android watch support + +- Alerts other than alarms inside the app, e.g. email, sms, social media, etc. + + +**Questions:** + +1) Would you use an app like this? + +2) How much would you be willing to pay for something like this per month, if the quality of reporting is high? +My mom (a travel nurse) worked to max out my dads 401k instead of building a savings, then they divorced. He took the 401k, bought a house and left her with nothing but her own meager savings. + +She came to visit a couple weeks back and somehow ETH came up. She asked if I could invest for her and thanks to the fork, I managed to double her money: buying BCH at 2.1 and selling at 4.2. + +Just some positive news for the cryptoverse. Now she (and I) are hodling our ETH. +After returning to work part-time after parental leave, my wife wants to return to her full-time hours to increase her take home pay. Yearning for the days of pre-baby income - i'd also like to reduce my financial stress with some extra money to start investing. +I sat down and worked it out, it seems that any increase in her income would be mostly eaten up by the additional day care fees, and her increased tax/HELP payment obligations. With maybe an extra $80 a fortnight after paying daycare. + +We're already receiving the child care subsidy, which certainly helps. But unless she's able to find a higher paying job (one that is just as flexible) or had a grandparent move closer for free, full time childminding, it looks like we're stuck on a reduced income until the kids are in school full time. +I've thought about getting her set up salary sacrifice to her super, which would really only delay her HELP repayments but at least it's a step towards starting to put money away now, and her super balance could really use a top up. + +Is this the exact same scenario with all working parents? Forced to stay at home part-time because paid child-care isn't economical?? +Iā€™m 27 and have $15K in savings. Just to note: I recently had elective surgery that cost me $13K out of pocket, as I donā€™t have private health insurance. So, I did have $28K in savings prior to my operation. This surgery was crucial for me, and has improved my happiness and quality of life immensely. + +Two months ago I began my Masters degree (by dissertation), and as a result I also commenced as a casual researcher at my university. Right now, I am basically being paid to do my Masters research via a scholarship received due to academic excellence, in which I earn $1100 per fortnight. At the moment, I live off this and itā€™s fine. Because my research/writing takes up a lot of time (and heck, I love it), I havenā€™t yet looked for another ā€˜sideā€™ job, but I might do that soon to earn a bit more money. I intend to commence my PhD next year (also through a scholarship, which will pay more than what I earn at the moment). + +I currently rent with one housemate and Iā€™m not in a rush to buy a house. I pay $717 per month in rent. I donā€™t shop much (only essentials and a few occasional purchases here and there), and I am careful with my money. I do understand the benefits of purchasing/owning property, but at this stage, I like being able to have the opportunity to move somewhere new if I want to. I also feel there is so much social pressure on people my age to buy, even when they may not be truly ready. Of course, some day in the future when Iā€™m older, perhaps Iā€™ll be ready to buy something. + +I suppose my question is: do you think Iā€™m doing okay? Is there anything that seems concerning about my situation, or is there any particular financial advice you would give me for now? Sorry if my post seems vague or somewhat pointless - I suppose Iā€™m just looking for any general thoughts/advice from people who know much more about finances than I do. +Lets be clear - Back in january we weren't apes. We joined the wallstreetshits for a gamble, for a fast buck or just for fun. + +Take some profit and move on i did thought. + +Gamestop has gained a lot of attention since then, massive attention but also massive contradictions. + +The mainstream media are telling us stories (lies), the hedgefunds are telling us different stories (more lies) damn even your neighbour is telling you to sell (even more lies)! + + +I think this movie is not there to satisfy US - THE ORIGINAL APES. + +It is there to show the world the truth about the past NOT THE PRESENT from the perspective of gamestop, nothing more. + +#WE ARE STILL IN THE PROCESS. HEDGIES ARE MORE FKD THAN EVER. BUY. HODL. DRS. +Really there is no reason for it. There is first mover advantage but at some point tech 2.0 or tech 3.0 will take over. Bitcoin maximalists don't think this way but really there is no clear explanation for the whole market following inferior tech always. At some point people will realize that there are many "stocks" or "startups" or call them whatever you want projects out there. +So you may have seen the [post that is still currently on the frontpage of this sub](https://www.reddit.com/r/CryptoCurrency/comments/qf3eqg/coin_bureau_is_a_brand_owned_and_operated_by_a/) where a user raises questions regarding CoinBureau's and Guy's legitimacy. Multiple users tagged Guy, and he replied a few hours ago but I thought posting it would bring more awareness to his reasoning given that is answer was buried in the replies. + +Here it is. [Link to Guy's response.](https://www.reddit.com/r/CryptoCurrency/comments/qf3eqg/coin_bureau_is_a_brand_owned_and_operated_by_a/hhywt8f/) + +> Thanks for the tag. I don't know why this is a controversy, given that I answered most of it in a previous AMA here: + +> https://www.reddit.com/r/CryptoCurrency/comments/p2ytn0/guy_from_coin_bureau_here_ama/ + +> I thought it was obvious that we were a team. You merely need to take a look through my instagram to see all the other people behind the scenes. We work hard every day and night to provide the most honest and trustworthy crypto education we can. + +> With regards to the founding of the Coin Bureau and its history, I answered it here: + +> https://www.reddit.com/r/CryptoCurrency/comments/p2ytn0/comment/h8nw6zj/ + +> Yes, my friends started the Bureau and I decided to join them on the journey to grow the YouTube channel. + +> When it comes to the accusations of trying to "manipulate your opinion" or "shill to the highest bidder", I won't really dignify that with a response. Perhaps OP didn't see my Tweet from last week: + +> https://twitter.com/coinbureau/status/1451576240679395343?s=20 + +> It's literally *pinned to my profile*. + +> As to how we make money, I also covered that in the AMA: + +> https://www.reddit.com/r/CryptoCurrency/comments/p2ytn0/comment/h8o25wm/ + +> I have never *run a single ad* on YouTube. Here is a snapshot of our *lifetime* adsense account: + +> https://prnt.sc/1xa8atn + +> We don't do sponsored reviews and have a company policy against promoting any sort of leveraged trading. Every single product or service we talk about has to benefit our users first. And if my viewers don't want it, I'm totally cool with that. + +> Maybe they want to help out by buying a merch item, maybe they donā€™t. Itā€™s entirely up to them and as long as they get something from the content we put out, Iā€™m happy. + +> At the end of the day, we are here trying to give people the highest quality crypto content they can get. All that is free and I donā€™t place anything behind a paywall. There are other great YouTubers who do the same of course, who I have covered here: + +> https://www.youtube.com/watch?v=LoWOO3GtUBY + +> But I can't focus too much on what others are doing because my efforts are better spent keeping the channel going and doing what I love. + +> I think that the success and growth of it is testament to the quality of that content, and the impartial way in which we approach it. + +> Now, with respect to OP. I gather that he/she is an Algo fan. About 2 weeks ago, I made a video on Algorand vs. Solana. There were two inaccuracies in the video. That was mainly as a result of timing on the release of Algorand's announcement of the ending of accelerated vesting. It happened the day when the video was scheduled and we didn't pick it up. + +> However, after realising the error, I immediately started work on a new video that looked at the Algorand ecosystem and explained in the beginning that I was mistaken. I am happy to admit to mistakes when I make them - Iā€™m only human, after all. +When you consider what politicians, the SEC, and bankers have to say about crypto, it should be evident that according to them, they have no value and are regarded as a worthless and a useless assetā€¦ but theyā€™re still taxing us on crypto. When it comes to value, they probably didn't understand the ecosystem and use cases of (not shitcoins) crypto. + +For someone like me, I did a lot of trading and utilized a lot of different exchanges and wallets (which of course wasnā€™t a good idea). + +I also use a coin tracker and records to keep track of my gains and losses. I started with [Koinly](https://koinly.io/?r=1), but because I didn't want to pay for the tax reports, I switched to [Crypto.com](https://crypto.com/?r=1) and their tax tool. I experienced the same problem with both of them. I then discovered that [CryptoTaxCalculator](http://cryptotaxcalculator.io/?r=1) was a lot more accurate at recognizing transactions than Koinly. + +But seriously though, this just makes government bankers and politicians hypocrites if they make people pay taxes on crypto if they consider it a useless asset and that they'll receive a part of their paycheck from taxes collected from crypto. + +To have intrinsic value, something does not have to be a "physical asset" like gold or have "official" government support or acknowledgment. From a philosophical and practical standpoint, the whole argument that it has no intrinsic worth is a ridiculous slippery slope. +Iā€™m 2nd generation with immigrant parents who I support as they have no retirement savings. My wife and I are a dual physician income family so weā€™re fortunate and are on pace for FATFIRE with our 2 young kids and should be able to provide them a nice trust as well. + +I have an older brother who has 1 kid and expecting another soon. Heā€™s a great guy and is trying his best to juggle his work and family life. + +I feel guilty because heā€™s like most Americans where he earns a decent earning but lives in a high COL area with high housing cost. His relatively good income is dependent on living in this area. + +My question is how much do I help him? I feel conflicted because we are where we are in life based off a lot of individual choices and effort but at the same time I know he would have gone out of his way to look out for me. + +Heā€™s certainly not struggling but heā€™ll likely have a hard time paying for his kids college (I can afford 529 for both his kids to support them through undergrad) and buying a home. Part of me thinks he should buckle down and save aggressively but it feels guilty saying that when Iā€™m living a much more comfortable lifestyle. + +Thoughts? +I have 3.5M value in single family houses (13 houses). I liked the idea of having a physical asset so I went on a buying spree 3-4 years ago as prices were low too but have skyrocketed. I also have more in stock plus income. Right now with all the taxes, lease issues, etc. I'm profiting about 150k a year. So like a 4% cash on cash return (though the houses have all nearly doubled in value since owning) ... I kind of feel like the market is about to tap out though but uncertain as it's a high growth area. Lots of factors. It's almost no time investment as a property manager deals with it all. I know it's a lot of information but I'm not super investment savvy (got a bit lucky investing in a friends and family round in a friends company that ended up IPOing). Any feedback on owning SFH long-term and that cash on cash ratio, even general would be helpful. +Iā€™m 2nd generation with immigrant parents who I support as they have no retirement savings. My wife and I are a dual physician income family so weā€™re fortunate and are on pace for FATFIRE with our 2 young kids and should be able to provide them a nice trust as well. + +I have an older brother who has 1 kid and expecting another soon. Heā€™s a great guy and is trying his best to juggle his work and family life. + +I feel guilty because heā€™s like most Americans where he earns a decent earning but lives in a high COL area with high housing cost. His relatively good income is dependent on living in this area. + +My question is how much do I help him? I feel conflicted because we are where we are in life based off a lot of individual choices and effort but at the same time I know he would have gone out of his way to look out for me. + +Heā€™s certainly not struggling but heā€™ll likely have a hard time paying for his kids college (I can afford 529 for both his kids to support them through undergrad) and buying a home. Part of me thinks he should buckle down and save aggressively but it feels guilty saying that when Iā€™m living a much more comfortable lifestyle. + +Thoughts? +This Chinese proverb is extremely applicable to crypto today. If you believe in it long term, youā€™re not close to too late. Even looking back one year you can see that + +All these posts and comments saying ā€œI wish I got into crypto earlier. I missed the boatā€. You didnā€™t. The boat hasnā€™t even left the dock yet +Shorted 5 shares of TSLA yesterday at $568.85, and bought a Mar12 695 call, with a delta \~0.05, for $1.80, as a hedge. Today I closed my short position at $674.46 for a loss of $528.05 and sold my call for $15.95 for a gain of $1415. Net gain was $886.95. Not to bad for being wrong :) +Is anyone else having this problem? When I drill down into my account level, there is zero price movement for anything.. straight up frozen. Tried multiple browsers/devices.. same thing. What's going on? + + +DRS +DRS +DRS +DRS +DRS +DRS +DRS +DRS +DRS +DRS +I ask because, well, I'm definitely starting to waver a lot in my journey. + +It seems like I'm constantly recalculating my retirement numbers, irrationally hoping that I'll find some optimism that I could quit in a year, or quit in 4 years. Sadly, no matter which way I cut the numbers, no matter what caveats I add in(e.g coastFI instead of retiring early), there's just no way around the fact that it will take me a really long time to achieve financial independence. + +Given that, I don't understand why I shouldn't just continue to explore different jobs until I find something I like. I mean, it just seems kind of senseless to willingly be in a spot in life where I'm unhappy when I could just live in the moment. Granted, I think it's worthwhile to practice what is preached in FIRE communities to some extent, since it's pretty rational to tell someone to save money and prepare for the future possibility that you'll want to quit your job, but what's the sense in killing yourself to do that when you hate the job that you have right now? + +So, with that being said, any of you "lost your faith" so to speak? Did you come back, or have you grown into a more lax view of FIRE? +Hello there, a couple of days ago, I asked Redditors about their best performing stock. Hopefully, in contrast, I was wondering if anyone would be interested to tell fellow Investors which stocks they chose that they lived to sorrily regret. +Hi guys. Throwaway account. + + +My mom has been working at a nail salon while getting paid through my information. She's done this before with another nail salon without me knowing. The boss there was under the impression that I was aware (I found out when I picked up some money there when my mom was out of the country). She currently hands me checks with my name on them every week, and makes me deposit them into a joint account we have (actually didn't want to open the account at first, but she cried when I said no). + + +I don't really understand why she does this. She gives me dodgy answers if I ask. We're aren't exactly in the best financial position either, so I'm worried for her well being too. I'm not sure what the implications of this are. How worried should I be? Should I put it to a stop? Should I be worried about the joint bank account? Please advise. Thank you. +I think a lot of the current speculation about Bitcoin and Ethereum trading is based around the idea that it is catching on in Asia and that Japan officially recognized it here. I just thought I would give a few details that are important to keep in mind. I understand there are those out there who don't like to see Ethereum grouped with bitcoin, but I think in this situation it is good to look it at it simplified. + +I am posting this because it seems to me like there is this notion that Asia is suddenly on board with cryptocurrency and now this is going to open the floodgates for demand and drive prices up in a dramatic, sustainable way. And I think this might be true to a degree, but I think the process of this catching on in Japan is going to be way more sluggish than you would imagine if you base it off your experiences in the western world. + +1. It has been recognized by the Japanese government not to make it easier to obtain, but to make it possible to track all that is purchased in the country. + +2. It is NOT easy to obtain. There are only a few ways to do it. Coinbase, etc. will NOT let you purchase anything using Japanese bank accounts or Japanese issued credit cards. (They can tell which country the card belongs to.) + +3. Just to get a Japanese exchange account activated you have to be willing to jump through a million hoops. For example you have to surrender a whole ton of personal information, send photos of your govermnent issued IDs, photos of you holding them up by your face, etc. There is no way to purchase here in Japan anonymously. You also have to prove your residential address by showing it listed on your ID and successfully receiving a postcard with an activation code delivered by courier. It took about 5 days just to be able to get that far. + +4. For example, even after you finally manage to activate your account, one of the major sites, BTCbox does not let you use credit card, you HAVE to first decide how much money you want to put into your card with yen, then you have to physically go to the bank, make a bank transfer for that amount to the BTCbox account, wait for the bank transfer to go through, etc. It is a huge hassle and takes time. I mean, what a nightmare! + +5. Don't forget the social stigma, there will be lots of people who will be afraid of family finding out and will not be willing to have postcards sent to their house to confirm their account. + +6. Also, don't forget that Bitcoin, Ethereum or any other similar currency needs to be used as an actual currency, not just an investment to be viable. I think it may take a while for that to happen. I think buyers are going to be mostly buying speculatively until big corporate partners step in and start developing for it. For example, Rakuten, the Japanese company is famous for accepting bitcoin, but that is just for Rakuten USA, NOT applicable in Japan. + +7. Japan doesn't care very much about world trends, but often prefers local solutions. For example, Facebook, Instagram, etc. were crazy slow to catch on. Facebook and Instagram are only just catching on. Reddit, for example, is pretty much unheard of. Things like Whatsup and Snapchat completely failed to catch on. On the other hand, a local app called LINE is wildly popular. WAY more popular than Facebook. + + +I am just saying this to help all of you manage your expectations considering the influence of Japan over the cryptocurrency markets. I, for one, find that it is going to be a very helpful tool in sending money to the USA to pay for my student loans, and I am also investing a certain amount. But I thought maybe giving you a little peek into the reality over here would help. + +Edit: formatting +https://www.prnewswire.com/news-releases/vanguard-brings-unrivaled-access-to-etfs-with-launch-of-industrys-largest-commission-free-platform-300700163.html +[https://ir.citiuspharma.com/press-releases/detail/141/citius-pharmaceuticals-reports-strong-clinical-community](https://ir.citiuspharma.com/press-releases/detail/141/citius-pharmaceuticals-reports-strong-clinical-community) +This is a vent from a pro trader - am i the only person that thinks this is the worst rule/strategy/indicator ever? so many times i've seen a stock run on like crazy 50x+ daily volume 1 day very green and then the next couple days it gives away all gains on very low volume. + +Then social media starts saying "volume precedes price, selling on low volume". That doesn't really mean anything. If a stock went +50% on heavy volume then afterwards goes -50% on low volume, you still lose all gains and become a bagholder, really don't care if it's high or low volume when stock goes down you lose and are stuck +Hi everyone! As the title states, I'm 22 and I've always loved spending money and I basically live paycheck to paycheck. I'm in a commission based +industry so on top of the $50K or so I make a year, I can sometimes make anywhere for $1K to $10K extra per fortnight and every time I do, I always find a way to spend it. + +I'm not addicted to drugs or gambling and I have made big strides in putting away money when I've felt like I've had to but I've found it very hard to think like that at the moment. + +My sister and I have each received a a substantial inheritance to come into our accounts in the next month or so after a property sale has been settled and divided up. + +I know that I could probably have that money sit in there and I could use it sparingly but at the same time I want to remove the temptation altogether and +I'm putting it out there for advice. I know just how much of a big thing this is and I donā€™t want to fuck it up. + +I'm thinking about parking it in property to gain capital growth and rental income but the investment space isn't one l'm +incredibly familiar so I thought I'd ask if there was anything to do that people would recommend? + +Thank you so much in advance! +Lets say APPL is currently at $90 a share. I buy June 10th strike price of $100 because I think APPL will be worth $100 by then. + +If On June 10th I the stock is at $100.50/share and I purchase 10x100 contracts do I make 10.50 a contract? Since I knew that stock was going to be up to $100 buying it at $90? If not can someone please explain how it works? thank you. +Oil has fallen to below $11 for a 42-gallon barrel but Hershey's premium bulk ice cream is holding at $23 for 3 gallons making a barrel worth $322. This clearly means that consumers value ice cream more highly than oil. The market cap for Exxon is 180B and Hershey is only 21B; clearly, this development has not been priced in yet. + +THIS CANNOT GO TITS UP +You ever hear the expression "Throwing good money after bad?" + +*Technically*, this was his second transaction, where he followed his 1BNB purchase of Safemoon on the 17th April 2021 with another 151 BNB, and then apparently found another 1.84BNB underneath the couch cushions and lobbed that in as well. + +I am talking about a Twitter user called "Unknown_Whale", known as "Safemoon Whale" + +But don't tune out just yet, this isn't really a Safemoon story, it's actually **much ruggier**. + +So my guy eventually spends a snifter over $514,000 on Safemoon on a handful of purchases between March 2021 and March 2022, I guess he is unimpressed by the "Birthday month filled with gifts" and stops buying. Then Safemoon list a new shit token on their swap a couple weeks ago... + +##Blockbusters Tech Family + +Ya, straight away leveraging the "family" just to hook in those desperate suckers. + +What does this token even do? To be honest, I didn't give it the time of day. I immediately discarded it as another stack of bollocks ram-packed with scam "developers" + +Turns out my tingling TNG-senses were right on the money, as you will quickly discover. + +Let's come back to Unknown Whale. On the 5th, he turned his unrealised loss into realised loss and sold pretty much his entire Safemoon bag for $177,000 - that's a whopping **-65.5% loss**. + +And what did he do with this still impressive wodge of cash. Invest it wisely? Make a play on Ethereum or Bitcoin? Look at some interesting L2's? **BUY MOONS?!**. + +No, he bought BBTF token, just before the contract "somehow" broke right at the top of a massive run up where people weren't really able to sell, and then one sell got through [where **ONE** person was able to dump $1.5m on the market all at once](https://bscscan.com/tx/0x858361c4d666a8e7c949f13e6ff85b2440851180522bde6539c9096a7cbc1164), making the price tumble -98.5% in like, one minute flat. Immediately rekking thousands of investors. + +###[Bloodbath chart](https://i.imgur.com/D0qgNiT.jpg) + +And this isn't even the good bit... + +So apparently our whale here bought early enough that even after the mega dump he was still in profit, good for him. Didn't want to take his profit out even though on paper he had recovered his entire Safemoon losses, and even fired off some snarky tweets about how he will be rich rich rich. He flashed a video of his wallet with $778,000 BBTF tokens - a 51% gain on his total Safemoon purchase costs. + + +###And then, yesterday, alas... + +--- + +So turns out when you get a bunch of yoo-ha's to cobble together random offcuts of barely-functional smart contracts, you end up with something so catastrophically amateur, some of the most bare-faced mistakes fly under the radar. + + +When you try and send more tokens than you have in a Smart Contract, there's usually a line of code that checks you can execute the transaction. If not, it errors out. + +Not with BBTF. + +> The transferFromWithPermit function did not check for underflow + +> Meaning if you transferred someone 1 more token than you owned, the contract would let you, and instead of you having 0 tokens left over, you'd have 2^256 - 1 tokens. + +This attacker created + +[115,792,089,237,316,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 BBTF tokens.](https://bscscan.com/token/0xe7057B10E2B59F46D151588d9C8694B4b8328F44?a=0xc02b8cdfe74f0487782b7dc1e387d10518429616) + +To understand how catastrophic this is, BBTF was meant to have a 10 Billion supply . + +The attacker created + +##One hundred fifteen octodecillion seven hundred ninety-two septendecillion eighty-nine sexdecillion two hundred thirty-seven quindecillion three hundred sixteen quattuordecillion tokens. + + +And then he sold as much as he could before the LP was emptied - and made off with about $530,000. + +--- + + +Remember, this story is about Unknown Whale. He started with $514,000 and lost $337,000 of it due to theft & incompetence of the Safemoon team. Then he bought $170,000 worth of another shitcoin made by another dodgy team of incompetent nobodies (who are stationed a few miles away from Safemoon HQ weird that) and that's now worth $17,400. + +From $514,000 to $17,400 - a 96.6% loss courtesy of Safemoon and BBTF. + + +#Shitcoins - NOT EVEN ONCE. +Bcash is trying to make us adopt the "bitcoin core" moniker which is a tacit surrender of the "bitcoin" name. + +It's a strategic play to lessen the authority of bitcoin by putting it on the same level as the also-ran alts who adopted the bitcoin xxxx naming convention. + +bitcoin is bitcoin. + +edit: Well, that escalated quickly, I learnt some new stuff (great community) & thanks for the gold kind stranger! Remember, perception is reality. + [Nio shakes off chip shortage with more than 8,000 deliveries in June (cnbc.com)](https://www.cnbc.com/2021/07/01/nio-shakes-off-chip-shortage-with-more-than-8000-deliveries-in-june.html) + + **PUBLISHED THU, JUL 1 2021 4:45 AM EDT** + +[**Evelyn Cheng**](https://www.cnbc.com/evelyn-cheng/)[**@CHENGEVELYN**](https://twitter.com/chengevelyn) + + **KEY POINTS** + +* **Nio said Thursday it delivered 8,083 vehicles in June, bringing the second-quarter total to 21,896 cars, according to a release.** +* **That quarterly figure came in on the high end of Nioā€™s forecast for deliveries of between 21,000 and 22,000 vehicles in the three months ended June.** +* **June figures also brought deliveries for the first half of the year to more than 41,900, close to surpassing the total for all of last year.** + +**In this article** + +* [**NIO+1.71** **(+3.21%)**](https://www.cnbc.com/quotes/NIO) + +BEIJING ā€” Chinese electric car start-up [Nio](https://www.cnbc.com/quotes/NIO) said Thursday it delivered more than 8,000 cars in one month for the first time. + +The company delivered 8,083 vehicles in June, bringing the second-quarter total to 21,896 cars, according to a release. That quarterly figure came in on the high end of Nioā€™s forecast for deliveries of between 21,000 and 22,000 vehicles in the three months ended June. + +Nioā€™s U.S.-listed shares are up 9% so far this year. The company has typically delivered more electric cars a month than two other U.S.-listed electric car start-ups, [Xpeng](https://www.cnbc.com/quotes/9868-HK) and [Li Auto](https://www.cnbc.com/quotes/L87A-FF). Their shares are up about 3.7% and 21%, respectively, so far this year. + +The strong second-quarter performance came despite a decline in [monthly deliveries in May](https://www.cnbc.com/2021/06/01/chinas-xpeng-motors-ev-deliveries-accelerate-and-nio-declines-in-may-.html) from April ā€” which the company had attributed to the global semiconductor shortage. + +Nioā€™s June figures also brought deliveries for the first half of the year to more than 41,900, close to surpassing the total for all of last year of 43,728 cars. + +However, the start-upā€™s deliveries still fall far short of industry giant Tesla, which delivered [184,800 vehicles worldwide in the first quarter alone.](https://www.cnbc.com/2021/04/02/tesla-tsla-q1-2021-vehicle-production-and-delivery-numbers.html#:~:text=Squawk%20Box-,Tesla%20just%20reported%20first%2Dquarter%20vehicle%20production%20and%20delivery%20numbers,FactSet%20as%20of%20April%201) + +Teslaā€™s shares are down more than 3.5% for the year so far. +AVGO just raised its dividend by 12%! I love this company, have owned forever, but nobody really ever talks about its dividend. Am I missing something? +The title of this post is pretty self-explanatory. Iā€™m looking for new, potential stocks and I already have the Kings and Aristocrats added to my screener. + +So, what say you? +Hello everyone! I am a small fish in the pond and have about $50 a week I can spend on dividend stocks. I know it's not alot but even a penny earned that I had to do nothing is a win in my book. I have seen a bunch of names pop up but am wondering what you guys would recommend for re-accuring, re-investing dividend stocks? TYIA +Hey everyone, + +Last week I posted my DD of SHELL ([SHELL DD](https://www.reddit.com/r/dividends/comments/ta5x9r/shell_plc_shell_due_diligence/?utm_source=share&utm_medium=web2x&context=3)). I really liked the input/perspectives some of you gave. Therefore, I decided to post more of my DD once they are finished/updated. This week, I updated my DD on BTI and would like to share it with you. The DD can be found here: [BTI DD](https://docs.google.com/presentation/d/e/2PACX-1vRF80EEr4kI-PjkaP1nqoeMgiieDI0NP59AeNcGwuYiJTCthxQa0xl4T18H30_HEqkfPnsx6D2ncHFS/pub?start=false&loop=false&delayms=3000). Let me know your thoughts about BTI and the industry in general. + +Greetings from a dividend potato :) + +Disclaimer: Do your own research before taking a position. I am not a financial advisor. I have a position of 12.5% in BTI (initially 10%). +Could TNXP Hit 3-4$ price target? (Not financial advice, I just like the stock.) + + +Credit u/captTEM + + +**First off, the stock is finally moving. Why is it moving?** + +As of today, TNXP announced that they will begin developing a Covid 19 skin test. + + +TNX-2100 is the name for their new Covid-19 skin test that Tonix will begin developing this calendar year. This skin test will be very similar to existing skin test like the TB. ā€œ[The] Intradermal Test is Designed to Measure SARS-CoV-2 Specific Delayed Type Hypersensitivity (DTH), the Classic Method of Measuring T Cell Immunity to Tuberculosis and Other Pathogensā€ + + +[Yahoo Finance Article Discussing Announcement](https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/tonix-pharmaceuticals-develop-covid-19-120000546.html) + + +This past week, TNXP received a Notice of Allowance on 2/1 from the US Patent and Trademark Office for Application No. 16/518,338, titled: EUTECTIC FORMULATIONS OF CYCLOBENZAPRINE HYDROCHLORIDE. What is CYCLOBENZAPRINE HYDROCHLORIDE you may ask? + + +**Their main drug is TNX-102 SL** (cyclobenzaprine HCl sublingual tablets), HCI stands for Hydrochloride in medical terms. This means that their new patent is regarding their main drug. Tonix is developing TNX-102 SL as a potential treatment for the symptoms of Fibromyalgia. It is currently in Phase 3 clinical development. The Fibromyalgia market is huge, and people is not satisfied with the medications that is available today. + + +[The market](https://preview.redd.it/fmrgadkgugf61.png?width=2157&format=png&auto=webp&s=b66b43c92f45908c9c3c27d790bc45c7ea25165a) + + +&#x200B; + + +[People are not satisfied with the medications that are available today](https://preview.redd.it/0e3pwfkougf61.png?width=2215&format=png&auto=webp&s=a9cf8d398d2e7542258c1211eb1a94dcc0ea8687) + + +So this TNX-102 SL could be huge long term. Data from second Phase 3 trial due 2H 2021. + + +The TNX-102 SL is ongoing a phase 3 for PTSD, Phase 2 ready for treating Alzheimer, Phase 2 ready for treating alcohol use disorder. A lot of upcoming catalysts here. + + +**TNXP is also developing a Covid-19 Vaccine** + + + TNX-1800 (TNX-1810, TNX-1820, TNX-1830) is their preclinical Covid-19 vaccine. This vaccine is different from the ones that are out today (Pzifer and Moderna) as this is a live virus. Using the Horsepox viral particles, TNXP has altered the spike proteins on the virus to elicit an immune response similar enough to COVID 19 in order to produce antibodies. While this is a slightly more primitive method of vaccination relative to the mRNA vaccines, it is still a historically successful method of vaccination. + + +[TNX-1800 goes under \\"Live Attenuated virus\\", so as you can see these vaccines takes much longer time to make. The vaccine in this category that is closest to release is still in phase 1. Which means that TNXP probably isn't far behind.](https://preview.redd.it/b963x6l1rgf61.png?width=650&format=png&auto=webp&s=82c3a02e19a6a05edb46e84c4ac79c527942fbf2) + + +Their non-human primate results is expected **1st Quarter 2021**, it was rumored that this would come out late January/early February if i remember correctly (couldn't find my source on this). This to me makes sense why they would discuss " the importance of having multiple vaccine options, and protecting against forward transmission" two days ago. As that gives them more media coverage when they release the results. + + +Here is some info from their website: + + +*TNX-1800, as a horsepox vaccine, has potential advantages over vaccinia-based vaccines, including:* + + +* *Maintains strong immunogenicity with potentially improved tolerability* +* *Relative to non-replicating vaccinia, horsepoxā€™s replication in human cells provides direct antigen presentation by Class I MHC* +* *Horsepox may behave differently as a vector, in part because of its different repertoire of genes that modulate immune responses and host range* + + +**Upcoming catalysts** + + +&#x200B; + + +https://preview.redd.it/a0tu584htgf61.png?width=2342&format=png&auto=webp&s=813088d092890c05b514720c09eb2e90cb15ff17 + + +**Insider buying** + + + "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise" +\- Peter Lynch + + +&#x200B; + + +[The CEO bought shares in early January.](https://preview.redd.it/q7efr3uavgf61.png?width=1970&format=png&auto=webp&s=dabe30ffd3b1cb64eea90c5a23c06dd787dbd553) + + +The insiders believes in their company as the total buys is 1 599 808$, total sales is 155 931$ + + + \*not financial advice + + +**Sources** + + +Patent : [https://patentcenter.uspto.gov/#!/applications/16518338](https://patentcenter.uspto.gov/#!/applications/16518338) + + +Pipeline overview : [https://www.tonixpharma.com/pipeline/overview](https://www.tonixpharma.com/pipeline/overview) + + +Their January 2021 Corporate presentation : [https://content.equisolve.net/tonixpharma/media/cfe6777f777cbb421861e6b7727ebb85.pdf](https://content.equisolve.net/tonixpharma/media/cfe6777f777cbb421861e6b7727ebb85.pdf) , [https://sec.report/Document/0001387131-21-000055/](https://sec.report/Document/0001387131-21-000055/) + + +Insider trading : [https://www.secform4.com/insider-trading/1430306.htm](https://www.secform4.com/insider-trading/1430306.htm) +Jesus fuck guys. The markets been closed for almost three hours, and none of you degenerates made a post to commemorate all our fellow autists that passed on this day, 18 years ago. So this is that post. To all those that passed, may you rest in peace, and I hope robinhood is available in the afterlife. To the survivors, I am sorry for your losses. And to the heroes, you guys are fucking heroes, may you never see a red day for as long as you live. That is all. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I can see eth shoot up to crazy numbers soon. Why? Greed. I see it all the time in the stock market and we will see it here. People don't want to miss the next bitcoin so greed takes over. + +Be careful out there guys +This isnā€™t exactly DD but it relates to the daily DD u/rensole (formally) posted every day. + +Apes donā€™t fight apes and apes love Rensoleā€™s daily post. We all look forward to it and I think for a lot of us it has become part of our morning ritual. + +My guess is that the people attacking Rensole are not apes, but shills. No ape would think Rensole is a shill, and no ape would think Rensole posted FUD. + +BUT without levelheaded wrinkle brain apes like Rensole keeping us grounded FUD will be a lot easier to post. + +FUD doesnā€™t work, itā€™s too easy to call out. But I think itā€™s totally within the realm of possibility that they decided to attack Rensole with ā€œreverse FUDā€ comments, calling him a shill. + +Rensole, I hope you see this- we know youā€™re not a shill. Apes think youā€™re awesome. We appreciate your DD and Iā€™m sorry moderating has become so difficult lately. But please donā€™t leave. If you leave the mod team they will have to replace you, and that opens us up to more attacks. + +More attacks are coming and the most visible apes are going to get it worse. Iā€™m sorry, Ape Captains, but we stand with you, hodling the line. + +Please upvote so that Rensole will see this and hopefully take heart. + +This is not financial advice + +šŸ’ŽšŸ’ŽšŸš€šŸš€šŸ¦šŸ¦ + +Edit: some commenters are saying something to the effect of ā€œweā€™re allowed to disagree!ā€ And thatā€™s true! Rensole didnā€™t decide to stop posting because people disagreed, it was because he was attacked and called a shill. So if you disagree with Rensoleā€™s post this post isnā€™t about you. If you attacked Rensole then you didnā€™t just disagree, you became an agent of Shitadel. And that makes you a no good, dirty, rotten shill +Hello! Sorry if this isn't the right place for this. I'm lost and don't know what to do. + +I work security. Recently the company I work for got bought out by a different security company, and since then me and my coworkers have had nothing but issues. +I'm currently missing two paychecks. One is a two week check from about a month ago which I was supposed to get from the company that got bought out. The other is the most recent paycheck from the new company. I've gotten my last paycheck with the bought out company, but not the one before. The new company is also only paying me for 32 hours instead of 46. +My coworkers are also being shorted on their hours, and my boss can't get through to anyone in the new company. + +My question is what can I do now? Do I call a lawyer? I'm already looking for a new job, but there are no decent jobs in my area unfortunately. +I've already had to borrow money from friends and I'm now behind on bills because of this. +We've been having a lot of power surges lately due to weather but we come home one night and find our AC unit not working. Later on my wife finds out a drunk driver hit a power pole (transformer? idk) which caused this particular surge and it ended up frying a component ($750) in our AC unit. Talking to our neighbors, it seems it fried the same component in everyone's AC unit. We live in a new development so there's only 10 of us on the street right now, we moved in less than 3 months ago so we're not to thrilled about this. + +We already contacted our home owners insurance and they'd cover it for a $1000 deductible, so it wouldn't make sense to do that. AC unit warranty specifically says environmental causes aren't claimable. + +I asked for an accident report from the highway patrol and plan on going after the driver's insurance but i'm not sure how that will pan out. Kind of at a loss on what to do now, am I just out $750? + +Edit: Thanks for the support so far everyone. +To clarify a few things: + +1. This happened two weeks ago. We already replaced the component in our unit as it was 90 degrees that day. + +2. My real concern with going after the driver's insurance is there's no way to prove the outage he caused created the surge which fried the component. As another redditor suggested, it'd be more to hire an electrician to come out and assess the situation to prove that's what happened than for what it's worth. + +3. I've had a few people in law enforcement reach out and offer to get the report for me without having to wait for the DMV, so thank you to those people. + +4. My other issue is that since this happened to everyone on our street within 3 months of moving in, shouldn't the units have a surge protector anyways? They're ground 220v units. It sounds like the builder screwed up somewhere + +My next steps are: + +1. To file a claim against his insurance (longshot but can't hurt) + +2. File a claim with the utility company (also a longshot but why not) + +3. Contact the insurance company again and see if it they would go after the driver if I pay the deductible. + +4. Contact the DA and press charges on the driver + +5. File a warranty claim with the AC unit company anyways + +Update: https://old.reddit.com/r/personalfinance/comments/8y2etg/update_drunk_driver_hit_a_power_pole_outside_our/ +Hey guys, + +My brother and I own a flat, 50% each. He originally did shared ownership for 25%, and when he could afford another 25%, I bought the other side with the hope of making some money in the future. + +Now Brexit has happened, and we have been trying to sell for roughly 8 months with very little interest for the price we are looking for (we are not prepared to lose thousands over it). For added difficulty, my partner wants to buy a house with me in the coming months and of course I'm stuck because I can't get another mortgage (or just not as much as I already have one). + +My brother's friend is in the business and has suggested stuff like room to let (we both exceed the tax threshold, so would both be paying 40% I think on it). Anyway, he now wants to go back on the market with another estate agent (no. 5?) for a similar price when I already promised my girlfriend I should be good for the new year (we said months ago he would buy me out, but now cannot afford it). + +I'm posting here in case there is a solution we are missing or some external perspective. We don't mind keeping the flat for now, but we need a way for me to get out, so I can buy something for myself in the new year (hopefully cheaper, with the market going down, around Brexit). Thanks for any help. +As the title says, what's the best way to keep all my financial details (bank account details/investments/Pension/credit card details) safe and accessible for my wife/other family members for easy and safe access if something happens to me? +Hello, + +We recently purchased a house and we are in the process of getting life insurance. I have tried many insurance providers and every time they just accept myself and not my partner due to her BMI. I have tried around 15 or so companies now but just no luck. We are 23 and 24 and looking for around Ā£230000 worth of cover for 30 years. + +Does anyone know any insurance providers who are a bit more relaxed on the BMI requirement to use whilst we both hit the gym? + +Thank you +From Shapeshift.io: +Hello everyone, +We wanted to provide a quick update on our status. +Yesterday afternoon, we noticed several pieces of evidence indicating our server infrastructure was compromised and threatened. We made the decision to scrap that infrastructure, and rebuild in a wholly new and safe environment. This is what we are currently engaged in. While we hate having the service offline, it was the safer path. +By design, ShapeShift doesn't hold customer balances, so even in the case of a security breach, there is no customer money at risk. However, a portion of our own hot wallet inventory funds were taken, but nothing that will interfere with operations once our new environment is online. This is also by design. +We've built customer protection into our platform ā€“ hacks may be inevitable, but customer losses should not be. Not a cent of customer funds was lost, nor could they have been. +For those few customers who had a pending order processing with us when we went offline, we'll get those funds returned to you within 24 hours. Customer support link is below. +Existing in Bitcoinland is a pioneering struggle against many threats and challenges. We'll use the opportunity to build even bigger, better, and more resilient infrastructure. We've been inspired by the immense growth ShapeShift has seen over the past several months, and will get this beast back online ASAP. +Kind regards, +-Erik Voorhees +CEO ShapeShift.io +Direct link to customer support while site is down: https://shapeshift.zendesk.com/hc/en-us +After BlockFi declared bankruptcy today, it's time to take a closer look at Nexo. + +[Nexo 10&#37; ā€œYieldsā€œ](https://preview.redd.it/5yrl9udu4q2a1.jpg?width=625&format=pjpg&auto=webp&s=17cac194318c3414007eca1b53f2c50243e055a4) + +As you can see Nexo is paying 10% on stablecoins. Where does this yield come from? + +If the yield is greater than the ā€œrisk freeā€ market rate, they are by definition taking directional risk to chase said ā€œyieldā€œ. This is a big red flag! + +Nexo makes interest via collateralized borrowing to users, and itā€™s higher rate than the yield provided. The problem here is that in a system with no lender of last resort, the commercial bank model on crypto rails can blow up, quickly. ā€œLiquidity issuesā€, and every customer have lost their money. + +Nexo also controls over 82% of the total supply of its tokens: + +[Nexo Token Supply](https://preview.redd.it/xrlq9pxu6q2a1.jpg?width=1642&format=pjpg&auto=webp&s=32dd5649304d9d645e4a929e33fcf74f18255ea9) + +85% of Nexoā€™s total assets held on Ethereum are Nexo tokens. This means that the platformā€™s backing could become compromised if liquidity issues mount. + +[Nexo's Ethereum Assets](https://preview.redd.it/azbhcx8i7q2a1.jpg?width=1084&format=pjpg&auto=webp&s=90d6200bebff55b386b22287e8fcb1f6ba3ae10a) + +Nexo is full of red flags and could be the next company to fall! +I just need to vent right now. + +I got my dad turned onto Bitcoin and he ended up with a sizeable chunk on coinbase, right? He gets his passwords compromised at least once a year, so being the dutiful son that I am, I buy him a trezor and my wife and I help him set it up. + +He's a little upset that he can't check his balance all the time, but I assure him it's much safer in his trezor that's sitting in his closet safe than it is on coinbase. + +Fast forward to yesterday. I'm on vacation and he calls me asking why his trezor pin doesn't work. He tells me, "it already had me put in all 24 of those damn passwords, why won't it work?". + +I told him over and over and over when I set up his trezor and the seed phrase. "Dad, don't type this in anywhere, don't even take a photo of it". And what does he do the first time he tries to use his trezor himself? + +I am so angry and frustrated right now it's kinda ruining my vacation. You cannot save people from themselves. + +EDIT: While I appreciate the "advice" of all you crypto aficionados, consider this - dear old dad was supposed to leave the trezor in his safe and not touch it without me. Literally he had an index card with all the Do's, Don'ts, and all that. And sweet lord Satoshi, y'all project/assume a lot. + +EDIT2: Reading all the comments, both the empathetic and the weirdly hostile/salty ones, made me feel better about the whole situation. And yeah, my immediate thought as soon as he called me was that I should have kept the seed to myself. Fuck me for trusting my old man to listen to me. Big lesson learned, and not about BTC. + +And since people have asked what exactly happened and to pass that lesson along: Afaik he tried to access his trezor and ended up on a trezor lookalike site that prompted him to put in his recovery seed. I don't know much beyond that right now. +Hey folks, + +I occasionally post stuff here. I posted the market dashboard link a couple of days ago and you folks gave me great response. Here is another free resource. + +I have been trying to create a few scanners that everyone can use and find setups for trading be it day trading, swing trading, or investing. Finally, created a bunch of them and added them on a website. Would love for everyone to check them out and suggest new ones. The goal is to have the most comprehensive and easy to use scanner in the market. The scanners can be easily used to find good penny stock setups. + +&#x200B; + +[Scanner](https://preview.redd.it/hud7gh8p6mv51.png?width=1637&format=png&auto=webp&s=8f8ec0f3ba5a343d444ba65d755dc2ff9606f215) + +Link: [https://www.tradytics.com/scany](https://www.tradytics.com/scany) + +For each ticker, you also have a free dashboard that you can use to do your DD: + +[Individual Ticker Dashboard](https://preview.redd.it/bvnqwmhr6mv51.png?width=1646&format=png&auto=webp&s=fdaa589dcce0f7ee265ec4e441eb596c5ba32b3c) + +# How are these different from other scanners? + +I know there are other scanners and tools out there that let you find a lot of setups but two things make this different. + +1. I am willing to add a lot more stuff if folks have any suggestions. +2. I believe it's a lot easier to use than almost all the tools out there. The amount of data that you can filter through with ease is a lot. + +There are just 2 premium scanners in the list so please just ignore them. I am not looking to get paid here, just spent a lot of time on these and would love if people use them in their day to day trading. + +Cheers. Would love to know your thoughts! +Do I have to do anything with my crypto? I made a few trades and made a negligible amount of money, less than $1000 and haven't cashed out, changed coins for other coins, etc. + +Is there anything I need to do? +Hi all + +Just wanted to share my frustration about not buying more ETF units during the March dip when I could have. Currently holding a bit of VAS, VDHG, and IAF, and normally I like to buy a bit more when I see the price dip. + +However when everything started going downhill with COVID, I was expecting to want to jump in but ended up being too nervous and held off. Then I didn't pay too much attention when it started to rise again. + +I know the general principle of ETFs is not to time the market, but I suppose anyone who is trying to play the long game would say it's worth trying to take advantage of a price dip if you can. Considering where most of these ETFs are sitting compared to their values in February, it's still a pretty good discount, but I can't help beating myself up about missing the low point. I'm probably going to buy some more units soon, but I just wanted to see if anyone else has been feeling the same way. +I've been investing in stocks for some time and only relatively recently got into crypto on a larger scale. In the time I've been in crypto I've seen my investments make far more in a far shorter time. + +Day trading has never been my thing; i'm a put money in and let it sit kind of person and with crypto I just feel much more relaxed. Particularly as you don't really have to use a broker - just transfer your coins to a wallet and secure your passphrase. + +The potential for mass adoption is so exciting to me; I will always diversify but most of what i have invested is now in crypto. + +Crypto just seems on the verge of mass adoption and the monetary explosion which comes with it. +I wanted to post my experience over the last few months as a word of warning, or 2 cents, or however you want to take it. + +A few months ago I left my slow, dull but well paying job for a new, more challenging, faster pace job with a big pay raise and the ability to work mostly remote. I was hoping for the best and excited to see where it took me. + +Three months later (today) I'm sitting in the presidential suite of a nice hotel, free food and alcohol included, and I'm miserable. I'm miserable because I'm "remote", but not at home with my family. I'm miserable because I've worked three 70+ hour weeks and average 4-5 hours of sleep a night and see no clear end to any of it. I'm miserable because I have zero time for any of my hobbies anymore and it's an endless cycle of work I'm not even super excited about. I'm miserable because my daily workout routine went to twice weekly for the first time in 10 years and I feel gross cuz of it. + +I took 5 minutes last night and recalculated how much sooner I may be able to FI from this job. The numbers were not perfect cuz I didn't account for compounded interest, but from a straight savings perspective, I would only be shaving off a year from my target date. + +All this crap, for around one less year... not worth it at all. + +I've been in this job for 3 months and I'm already burnt out. I plan to quit after I close out my project and possibly if I can hold out for a bonus at the end of the year. Then I think I need to take a few months off. It isn't going to help my FI numbers, but all this work is not worth just one less year later on. + +So my advice, don't just take a job because it promises more money and flashier things. It is not always what you expected and can end up setting you back more than helping you. +So, Me and my partner are already homeowners 2 years into our first mortgage. An opportunity has come up to buy a house close to where my parents live for Ā£60,000. We would have enough for a deposit and could afford the stamp duty. We would be able to afford the repayments on our own if we needed to. + +My parents are in their 60s, still working and are renting a house at Ā£400 a month. They'll both be on state pension but are likely to continue working as they won't have much money. + +My thoughts were to buy this house for Ā£60k and try get a 15 year mortgage on it, have them pay me the Ā£400 a month to cover the mortgage. Then if they can pay off the mortgage they will have less to worry about as they head into old age. + +&#x200B; + +I understand theirs always risk attached to these things but with the house only being Ā£60k it's an interesting prospect. It also gives us experience in purchasing a second home which is something we are interested in as a potential investment opportunity. I just wanted to hear if anyone else had done something similar? and if anyone knew of anything I'd need to consider that I haven't already? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the Ethereum Classic Bi-Weekly Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, and minor questions. +- Important ETC content SHOULD NOT be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Have a look at Bittrex, all the most pathetic and useless coins that haven't been touched in years are pumping over 100%+. It really doesn't make any sense -- why is there so many PnD's going on? I get it that new money is coming in but it seems like all the new money would be going into BTC/ETH because they are more popular -- and even if some of the money are going into other alt's it still doesn't make sense why they're pumping so hard. I honestly don't care about not taking part and losing out on the profits but what scares me is what's happening to the market is total, it's so much misinformed chaos that just feels unjustified and wrong right now. Thoughts? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I'm in danger of being downvoted by life HODLers, but considering this is ethTRADER, what price are you looking to sell out at and then buy back lower? +Hello EthTrader, + +what a rough start we had :) +We want to be very clear: the Arcade City Council consists of 7 people, of which 4 people from Antwerp (the Antwerp Dev Team). We would love to answer all your questions related to the project. + +Stefaan Ponnet +https://be.linkedin.com/in/sponnet +https://twitter.com/sponnet + +Michael Thuy +https://be.linkedin.com/in/michaelthuy +https://twitter.com/kingflurkel + +-- UPDATE -- + +We would love to get the whole "scammer Chris" story behind us. +That's why Chris is handing over the keys to the city. + +https://www.youtube.com/watch?v=mFNma6n0vFg + +Stefaan's reply: https://youtu.be/AiUpD7wluAw + +https://twitter.com/ArcadeCityHall/status/792104912624549888 + + +-- END OF THE AMA -- +Okay guys, had a great time answering question and learning all about how you feel about Arcade City. +As you can see, we already changed some things thanks to your feedback. +You were of great value to our community, which we like to call "our swarm". +Hope to see many of you later. I loved doing this. KF + +After half a year of research and DD, we have seen all the ways Wall Street can operate. Iā€™m not talking about just hedge funds, but the collective of everyone involved, including banks, brokers, media, government, etc. + +We have learned of the existence of dark pool trades, failure to deliver cycles, media manipulation, negative public sentiment campaigns, pump and dumps, direct forum boards infiltration and manipulation (Reddit, discord, YouTube, etc.), complicit regulatory agencies, SEC ineffectiveness, government to Wall Street revolving doors (and vice versa), short sale restriction (SSR) dud, naked short selling, short ladder attacks, married puts to hide shorts, and now even a hedge fund pro-image multimillion dollar media campaign to paint them as good guys. + +I have no doubt in my mind that most, if not all, stocks have been illegally manipulated in some way or form (whether it be on a large scale or small unnoticeable scale). I would bet my GME shares that you can pick a stock at random and it would have had something happened to it before in the past (or ongoing present). What retailers and the rest of the common folk consider illegal market manipulation, Wall Street considers it loop holes and everyday business per usual. Just because they can, and it makes them a sh*t ton of money robbing everyone else. Not like anyone knew, or could do anything about it. Until now.... +Amazon (AMZN) is to cease accepting payments made by UK-issued Visa (V) credit cards from next year, it has been revealed. + +The online retail giant blamed the decision on high fees charged by Visa to process transactions. + +The changes will come into effect as early as 19 January 2022, Bloomberg first reported, citing information that Amazon had shared with its customers this week, after they had purchased items. + +$V down approx 3.25% in the pre-market. + +Thoughts? +My Up and Down votes jump 10 at a time i wonder why šŸ¤” + +Intro + +This is a thesis based on Logic, Data, Math, and Facts about šŸ’ŽšŸ™ŒšŸ¦s owning the system (not financial advise) + +The šŸš€ is just Inevitable. + +Shitedal only has one out and that isn't happening (šŸ’ŽšŸ™Œ) + +šŸ¦šŸ§  Smooth šŸ¦ can learn anything cause šŸ¦ know nothing + +[Please please please please watch this video](https://www.reddit.com/r/GME/comments/mi21pt/attention_you_need_to_watch_this_the_author_of/?utm_medium=android_app&utm_source=share) + +šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ + +Gonna start with TLDRs + +Everyone's fucking the cookie jar, šŸ’ŽšŸ™Œ stopped the game, Feds/Longs are forced to bend the knee/join šŸ’ŽšŸ™Œs and clean up their Laundry mat/printer/naked Shorting and šŸ¦s own the world + +DUH šŸ¤¦šŸ¤¦ā€ā™€ļøšŸ¤¦ā€ā™‚ļø new revelation + +*šŸ—s will create a bull run in Main st and Wall St, šŸ¦s are the safety net from the crash by paying off debt, all of our families, friends and loved ones debt. Michael Lewis was 1 šŸ¦, 1 šŸ¦ weak, šŸ¦šŸ’Ŗ together that's the most important thing to take away from this šŸ¦šŸ’Ŗ Together* + +Bonus: Fed is forced to pass infrastructure bills to prevent the Bond Market from blowing up, Fed is FORCED to invest in America šŸ¤« we own the world + +MEMES for [Perspective](https://www.reddit.com/r/GME/comments/mivssm/lets_get_this_shit_straight_this_isnt_a_once_in_a/?utm_medium=android_app&utm_source=share) +[Money](https://www.reddit.com/r/GME/comments/mi86rb/im_posting_this_again_because_i_want_us_all_to/?utm_medium=android_app&utm_source=share) and [Story](https://www.reddit.com/r/GME/comments/miksow/its_july_2021_youre_drinking_water_and_exercising/?utm_medium=android_app&utm_source=share) + +šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ + +Meat and Potatoes + +[ This is it!*](https://www.reddit.com/r/GME/comments/mippnw/what_a_rare_opportunity_this_community_has_with/?utm_medium=android_app&utm_source=share) I came to the same conclusion thanks to this [TLDR**](https://www.reddit.com/r/GME/comments/mhjuyi/the_everything_short_citadel_sec_exemption/?utm_medium=android_app&utm_source=share) and i was making a write up of it so instead ill just post my thoughts with DD referencing, + + +[Ken/Shitedal will be the fall guy](https://www.reddit.com/r/Wallstreetbetsnew/comments/mhiil4/61727054_says_ken_is_next/) and the DTCC/FED NEED to own Shitedal to take control of Palafox ([Subsidy of Shitedal](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)) to "fix" the books and the damage in the [US bond Market](https://www.reddit.com/r/GME/comments/mhqvee/reverse_repo_rate_for_today_is_at_134_billion_usd/?utm_medium=android_app&utm_source=share), Ken will go down as the mastermind and GME Holders will be given unlimited Tendies [to pay off home debt](https://www.reddit.com/r/GME/comments/miuqrp/200813/?utm_medium=android_app&utm_source=share), family debts, and pay [Treasury debt (this actually shows that all players are complicit in the Treasury Printer)](https://www.reddit.com/r/GME/comments/mjv3oj/the_great_reset_the_laundry_machine_of_the/?utm_medium=android_app&utm_source=share) solidifying the market and creating a bull run in Main St and Wall St. Retail will become the safety net of mainstreet through the Squeeze pay out, the Squeeze will be set off [ by a historical Margin call on Shitedal***]( https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/). In order pull this off the DTCC [is stopping naked shorting](https://www.reddit.com/r/GME/comments/mi3xdt/dtcc_new_proposed_rule_change_dtc2021005/?utm_medium=android_app&utm_source=share), the FED allowed the leveraging rules to expire along with the [DTCC rule changes****](https://www.reddit.com/r/GME/comments/mgrx9n/new_dtcc_filing_30_march_recalculating/?utm_medium=android_app&utm_source=share) which is [forcing mass deleveraging of Shorts](https://www.reddit.com/r/GME/comments/mhew67/109m_sell_candle_at_close_on_the_dow_jones_to_the/?utm_medium=android_app&utm_source=share) so Naked shorts are forced to close which [Shitedal will never do](https://www.reddit.com/r/GME/comments/mhwf5o/apes_proof_there_is_no_volume_other_than_naked/?utm_medium=android_app&utm_source=share) as [they have no cloths](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/?utm_source=share&utm_medium=web2x&context=3) the DTCC is also [preventing new shorts from being placed via the Rebate Rates](https://www.reddit.com/r/GME/comments/mgva26/gme_borrow_rates_do_reflect_a_hardtoborrow/?utm_medium=android_app&utm_source=share). They are also prepared for massive deleveraging they expect it to [break the NSCC repeatedly*****](https://www.reddit.com/r/GME/comments/mhx3p8/i_have_translated_srnscc2021004approvalnotice/?utm_medium=android_app&utm_source=share) this will simultaneously remove the naked shorts from the Stock Markets balance sheets and leave the largest bag of excrement the world has ever known in Shitedals/Melvin/[Robinthehood hands](https://www.reddit.com/r/GME/comments/m74e3g/this_is_huge_robinhood_never_owned_your_gme/?utm_medium=android_app&utm_source=share). [Also another reminder that Shitedal plays by its own rules and will only cover via Margin Call](https://www.reddit.com/r/GME/comments/mh93dp/is_it_true_the_sec_exempted_citadel_from_the/?utm_medium=android_app&utm_source=share) and all of this is done because of šŸ’ŽšŸ™Œ, this would never happen without šŸ’ŽšŸ™Œ + +How deep did they dig? šŸ¦ + [GME Volume](https://www.reddit.com/r/GME/comments/mgl19d/calling_smart_ape_yahoo_high_volume_graph/) and + [Negative Beta](https://www.reddit.com/r/GME/comments/mfhszf/gme_adjusted_beta_23735_bloomberg_terminal/?utm_medium=android_app&utm_source=share) and [Potential SI %s](https://www.reddit.com/r/GME/comments/m8mokf/short_interest_compliation/) and [GME Volume](https://www.reddit.com/r/Superstonk/comments/mlnvor/32_billion_daily_volume_reported_by_finnhub_stock/?utm_medium=android_app&utm_source=share) + + + +šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ + +Other šŸ¦ insight + +A quote from u/jarvislatteier on how they will liquidate Shitedal completely cause šŸ’ŽšŸ™ŒšŸ¦ want blood, they know we won't sell until Shitedals gone. + +"If I were to put my tinfoil hat on, the DTCC has rules on forced collection and close out of debt. If the liquidation of that security would cause a shit show the DTCC gets to orchestrate how that spring gets unwound. The shorts must cover that hasnā€™t changed. But maybe theyā€™re running out the clock till they can cover their ass with the new regulatory revisions. + +Warning āš ļø the following was intentionally being misinterpreted and used as FUD. Pay attention to the most important word ā€œcompletionā€ + +SEC. 6. (a) Promptly after the Corporation (DTCC) has given notice that it has declined or ceased to act for the Member (HF OR MM), and in a manner consistent with the provisions of Section 3, the Net Close Out Position with respect to each CNS Security shall be closed out (whether it be by buying in, selling out or otherwise liquidating the position) by the Corporation;... provided however, if, in the opinion of the Corporation, the close out of a position in a specific security would create a disorderly market in that security, then the completion of such close-out shall be in the discretion of the Corporation. + +I want to reiterate THE SHORTS MUST COVER. ā€œThe COMPLETION of such close out and disorderlyā€ are the takeaways here. I believe they are running out the clock and setting up Citadel / Melvin / Robinhood to take the fall with no government bailouts. In the last congressional hearing they said theyā€™d let a market maker burn. + +Tinfoil hat off. I like the stock." + +No Bailout means Shitedal Bleeds dry and then it rolls up into the next organization until all shorts cover and printer goes BRRRRRR [lender of last resort](https://www.reddit.com/r/GME/comments/m6u16s/the_lender_of_last_resort_as_foretold_by_dfv/?utm_medium=android_app&utm_source=share) + + +šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ + +Conclusion + +The Squeeze will happen. That's it. + +Shitedals ultimate goal is getting GameStop to fail, šŸ’ŽšŸ™ŒšŸ¦s own the system because šŸš€, Feds are forced to contain the damage and Ken is the Sacrifice plus they are changing the rules (once in an ever deal). Blackrock is waiting to buy crash just like šŸ¦s. Only question is how many šŸ— do šŸ¦s want? + +Shitedals only other play: A Commodities Squeeze would fuck up the main street/bond market and crashes the dollar fucking all longs up, ignore Silver/Commodities stay with GME. + +Tin Foil Hat Theory: Shitedal crashed the evergiven to crash the US Economy or buy time (more likely I doubt Shitedal could crash it, the Feds would never let it blow up, Fed is head hancho) + +[End Game is DTCC enforcement](https://www.reddit.com/r/GME/comments/mir4xo/ever_have_doubts_dtcc_rule_2021005_practically/?utm_medium=android_app&utm_source=share) + + +Credit also goes to [BlackRock a Trillion Dollar Honey Pot](https://www.reddit.com/r/GME/comments/mhd7ba/blackrock_and_a_trillion_dollar_honeypot/) from u/weeknddev for helping my collect my thoughts and evidence together on this, giving me an opposing view leading to the obvious truth šŸ¦ in control šŸ˜ + +šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ + +Referencing quote's Section + +*"So here is my thought. I think the DTCC, SEC, Government, all know what is going on. We keep crying for action but I think they already know. Personally, I think they are trying to figure out how to solve this problem without undermining the US Equity Markets. They know it's been corrupt for years but now the average person is just starting to learn about it. They have had the game rigged in their direction since the beginning but this will be the straw that will breaks the camel's back. If they lose creditability, world investors will take their money to other places but they can't do it publicly. They will quietly change the rules and hope this doesn't blow up in their faces. + +In reality, people should already be in jail for this because they have/been breaking the law. They don't want that kind of attention because it means the entire system knew and they were complicit. This entire thing could literally bring down the system. So I expect them to protect their own asses first." + +**"TLDR: Blackrock, RC Ventures, the Fed, the government, the SEC, the DTCC, or any combination of the aforementioned could very well be conspiring to use the GME play to bankrupt and pillage every GME shorty (and likely every treasury shorty if there are others besides Citadel) to offset the financial damage done and maintain global public sentiment. The potential fallout for not employing a coordinated strategy here is untenable. You'd be talking a global "max pain" scenario. But if cooperating, only shorties would die, Blackrock and other longs would come out well ahead, retail gets PAID and reinvests/spends, government gets paid and doesn't look UTTERLY incompetent, the dollar remains reserve currency and hyperinflation is averted. And hopefully, legislation and regulation reform follow, but crisis averted! For now..." + +ā€‹ + +***" NSCC-801 TA;DRĀ ā€” ā€œIf your positions are fucked enough that youā€™re at risk of losing so much money it'll fuck us all over, weā€™ll margin call your ass so fast itā€™ll make your head spin. If two or more of you assholes were that much of a dipshit, we can make you pay OR we can make everyone in the gang have to chip in. They're going to fucking hate that and theyā€™re going to want to prevent the possibility of that happening, so theyā€™ll probably turn on your ass.ā€ + + +****."it will probably increase leverage constraints on all players, some of which may or may not be embroiled in GME." + + +*****"Section 5.2.4 (Recovery Corridor and Recovery Phase) outlines the early warning indicators to be used by NSCC to evaluate its options and potentially prepare to enter the ā€œRecovery Phase,ā€ which phase refers to the actions to be taken by NSCC to restore its financial resources and avoid a wind-down of its business. Included in this section are descriptions of potential stress events that could lead to recovery, and several early warning indicators and metrics that NSCC has established to evaluate its options and potentially prepare to enter the Recovery Phase. These indicators, which are referred to in the Recovery Plan as recovery corridor indicators (ā€œCorridor Indicatorsā€),23 are calibrated against NSCCā€™s financial resources and are designed to give NSCC the ability to replenish financial resources, typically through business as usual (ā€œBAUā€) tools applied prior to entering the Recovery Phase." + + +šŸ—šŸ—šŸ—šŸ—šŸ—šŸ—šŸ—šŸ—šŸ—šŸ—šŸ—šŸ—šŸ—šŸ—šŸ—šŸ—šŸ—šŸ—šŸ—šŸ—šŸ— + +[Part 2: World War 3](https://www.reddit.com/r/Wallstreetbetsnew/comments/mm95m5/war_world_3_longs_vs_shorts/?utm_medium=android_app&utm_source=share) +Iā€™ve been day trading for over 2 years and the one thing I get tricked up on always (especially recently) is when futures and stocks move 1-2% overnight and I have calls / puts that are opposite and just am instantly screwed at open. It seems I have the most success doing trade setups throughout the day but my main problem is if a trade goes south Iā€™ll just ā€œhold till tomorrowā€ in hopes it rebounds. Does anyone have tips or psychology knowledge about this? Like I want to start everyday at $0 and trade from there but I keep digging myself holes holding options for big futures moves. Then it ends up in rage trading / averaging down because I start the week or day red a few hundred. Just getting frustrating. Whatā€™re your tips to ensure you start at $0 everyday regardless? +So I shipped off to basic combat training for the army, and 6 months later when Iā€™m ready to graduate I found out a new account had been opened up that I didnā€™t know about. My credit score dropped significantly. There was $701 worth of charges. I called the company to see what happened and they told me my mother was an authorized user on the account. They read me what the charges were and I knew it was her. How the hell can somebody open up a whole account without me knowing? Sheā€™s always had financial issues since her divorce and is constantly in some sort of debt. Anyways, my credit has been negatively affected and the account became delinquent. Any advice on what I should do here? I donā€™t want her to get in trouble but I canā€™t let my credit be affected by charges that arenā€™t mine +So my company laid me off. Their term was ā€œphase out the positionā€. They said - thereā€™s no end date to me leaving, which I thought was confusing, but basically it had to end soon. + +Does anyone know what this is all about? I told them I would take the time to finish up big projects, but Iā€™d also like to milk it out a little longer till I find a new job. How would you approach a situation like this? I told them Iā€™d like this all in writing and Iā€™m still waiting on that - but does this generally mean something? +Dr. T brought our attention to [shareholder proposals](https://www.reddit.com/r/Superstonk/comments/s5o5k8/what_is_a_shareholder_proposal_the_article_shared/) 9 days ago. + +TigranMetz came up with a brilliant proposal and shared his [final draft](https://www.reddit.com/r/Superstonk/comments/s5ioe3/shareholder_proposal_gamestop_corp_should_open/) with the sub: + +> Shareholder Proposal: GameStop Corp. should open both Roth and Traditional IRA Shareholder Investment Programs at Computershare + +as far as I know it has not been submitted yet, and TigranMetz [said he can't](https://www.reddit.com/r/Superstonk/comments/s8ppey/apex_is_deregistering_ira_shares/htiqhen/?context=3): + +> I wrote up a draft Shareholder Proposal last weekend and posted it here for any enterprising apes to pick up and run with: https://www.reddit.com/r/Superstonk/comments/s5ioe3/shareholder_proposal_gamestop_corp_should_open/?sort=top + +> Unfortunately, I don't meet the share threshold to submit otherwise I would do it myself. + +Deadline is [February 9](https://www.reddit.com/r/Superstonk/comments/s99i5s/shareholder_proposal_is_the_way_to_iraroth_ira/): + +> However, there are procedures that dictate that a Shareholder Proposal must be received 120 days prior to the annual meeting in order to be included on the Proxy Card for a vote, which is February 9, 2022. + +between the Jan 28 anniversary and Cramer's latest meltdown, the proposal is not really getting the attention it should. Apex just shut down DRS and we suspect the custodian shares [are their locates](https://i.imgur.com/r1GOU1t.jpg) aka their Achilles heel. which means the proposal could be an absolute game changer, if we manage to submit it and not give in to the bystander effect. + +šŸ’ŽšŸ™Œ + +edit: pink checked with Computershare and got [this reply](https://i.redd.it/1wqz6w0ii2e81.jpg), hm. wut mean? + +edit2: update + +> me: does that mean the shareholder proposal for GameStop to support it is impossible? + +> pink: It would be up to Gamestop and the BoD to implement an IRA program at CS so without knowing the details, it wouldn't be an unreasonable request. Not impossible! + +not impossible! LFGšŸš€šŸš€šŸš€ +Ola ppl, + +as the title says, dont be lazy to backup those 2FA codes! (write em down on paper, or print the QR code, there are also other ways). + +If you lose your phone or it brakes without you having access to the backup codes/QRĀ“s, you are in for a major pain to get em reseted everywhere you use 2FA. Yes, every site that you use 2FA must then manually verify you and turn it off. IT. IS. A. PAIN + +Tip: If you didnt back em up when enabling 2FA, log in to the respective account, turn the 2FA off (you will need you actual 2FA for this), than turn it back on and save the backup code/QR now. It takes a little time, but if SHTF, you will be glad you have done it. + +Cheers + +EDIT: as user /u/Milge pointed out, on some exchanges the disabling of 2FA triggers a TEMPORALY withdrawals freeze for security reasons. +If someone posts an nft giveaway that requires you to click links or sign up for something, DO NOT DO IT! This can be an easy way to phish for your personal info or even gain access to your wallets. + + +Any giveaways that require this kind of stuff is against the rules and should be reported immediately so it gets removed. + +Love ya apes +Buy, hodl, DRS +Hereā€™s my [original post ](https://www.reddit.com/r/personalfinance/comments/i202t4/i_18_was_just_kicked_out_of_my_house_and_have_no/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) + + +I firstly would like to say how thankful I am for all of the replies Iā€™ve gotten. Iā€™m sorry I couldnā€™t reply to everyoneā€™s comments, but I promise I did read many of them. And to those who have privately messaged me as well, thank you for that! You guys have given me amazing advice. Iā€™m sorry I didnā€™t really reply to any messages, I have nearly 200 and Iā€™ve been really overwhelmed lately to respond to all of them, but I promise Iā€™ve read them. This sub is full of amazing people, who have given me a lot of hope. Not much has gone down but thereā€™s a couple changes. + +Many people told me to withdraw my money from an ATM and I have, I drove around for awhile until I was able to get all of the cash out. I have an appointment with my bank at 10:30 tomorrow to discus removing my mom from my account and I am still heavily considering switching banks, I do like the bank Iā€™m at, and they have a great virtual app for teenagers/young adults to help manage their money which has helped me. + +My mom wonā€™t give me my car back until I pay her $2,400 that I ā€œoweā€ for the car. Apparently sheā€™s been paying $100 of my insurance for the past 24 months, which Ive had no idea, and I would have gladly paid for it to prevent something like this being thrown in my face. I told her to just give the car to my brother then, as I donā€™t even have that much currently, and my boyfriends dad is a mechanic and trying to find me a cheap car that he can fix up a bit. It wonā€™t be great, and itā€™ll be a beater car but it will work for the time being until I can afford better. + +Iā€™m currently staying with a friend whoā€™s family has been extremely kind to let me stay there, drive their cars, shower, eat, etc... Iā€™m going to be moving into my best friends house eventually, her mom invited me to and said we can make the spare room into mine. Iā€™ll be paying for some of the groceries, helping with household chores, taking care of animals and other miscellaneous tasks. I offered them rent per month and they were extremely kind to refuse. I do still plan on looking for my own place eventually but at least I have time to sort things out and not feel rushed. I was beginning to panic and this has really calmed me down. + +My job is finally giving us bonus pay for working all of Covid. Itā€™s only around $300, and Iā€™m going to get another $200 for completing manager training. Itā€™s only $500 total, which isnā€™t much in the ā€œreal worldā€, but itā€™s going towards a new car. + +I keep in contact with my mom, itā€™s hard for me to completely cut her out, despite how toxic sheā€™s been I still love her. She has said very harsh things to me including telling me Iā€™m not her daughter anymore. I offered her two options between us trying to work things out and going to counseling or never speaking again and she said, ā€œThen we donā€™t have a relationship anymore.ā€ She keeps flip-flopping between telling me how much she misses me and loves me, to saying how she never wants to see me again. I feel very manipulated, and sheā€™s sent me threats that ā€œthere will be hell to pay if Iā€™m not home today.ā€ So I decided that Iā€™m not going back home. I offered to talk in person once weā€™ve had some time apart, so I can feel safe and comfortable. She laughed at me again and told that ā€œyou have to feel safe around your mother.ā€ I sent her a list of reasons why I didnā€™t feel safe coming home and she still keeps playing the blame game. I miss my little brother the most, and heā€™s been cheering for me this whole time, without him I would fall apart. Tomorrow morning Iā€™m going home to pack up my extra clothes, blankets, pictures and whatnot before my mom gets home from work. + +I am in need of some advice, my mom was in charge of a bank account for me that holds roughly $15,000. This money was given to me from child support payments and will money. My mom told me legally this was given to her to help raise me so she wonā€™t give me any of it, and laughed when I asked. I have no idea if thereā€™s anyway Iā€™m able to get the money. I tried looking it up but Iā€™m confused and figured this sub would be great at helping. Iā€™m going to bring this up to the bank tomorrow, as I feel that this money has to legally be mine. + +I would also love some advice on how to build my credit up! I have no idea where to even really start. I plan on buying a cheap laptop for school, like a chrome book that I can possibly use a credit card and pay off within the first month. Any other tips are welcome! + +I appreciate everyoneā€™s kindness, and to those who have reached out to offer to pay for a meal or something for me, thank you for showing me how amazing some people truly are. I wouldnā€™t accept anyoneā€™s money as I feel bad taking money from strangers. This sub has made me feel a lot better about the future, things will still be rough, and I donā€™t have an easy road ahead of me, but I know Iā€™ll be okay in the end. + +-Edit: Thank you so much for the award! Itā€™s my first one ever!! +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1563162865590468608) .@The_DTCC Does #DTCC and @GaryGensler comprehend the message $GME #GME retail is sending? Fully 25% of total shares outstanding in $GME are DRSed. Over 191k accounts @Computershare represent ~200k people who have lost faith in the US market's ability to protect their investments +>A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome. + + +Bitcoin is apolitical. Who cares who it's users are? It is technology. People carry stigmas and it is never good to start putting labels on something or grouping things that might be associated negatively with someone right off the bat. This is a forum after all and where do noobs always go to first learn about something? Usually internet forums, specifically on reddit. I am certainly not politically libertarian myself. It Just seems like a rather odd statement to make is all. Am I overthinking it? +Okay, so Im 20 years old and live in South Carolina. Charleston to be exact and I just started my apprenticeship as a new construction plumber a month ago. Iā€™m earning $14 an hour and I was just curious if this is something that could benefit me in the future? Long term goals that I have is to be able to invest in real estate. Have rentals, flip houses, that kind of thing. But I also want to have my own business so being in plumbing helps there. What Iā€™m thinking is finish up as an apprentice which is about 4-5 years, start working as a journeyman making better wages, and whenever I feel ready, go off on my own. I would appreciate any help possible to be honest because sometimes I feel lost about what to do + +EDIT: I want to be able to invest In rental properties in the hopes that I wonā€™t have to physically work once Iā€™m older and not as young. + +Thanks so much for everyoneā€™s input. It really does mean a lot guys +EDIT: Should add, the two checks paid to the estate total less than $400. It's a really pretty insignificant amount to have to go through much hassle, but I guess it is what it is. Thank you everyone for your help; I will work on responding to each of you. + +I took the check to our bank and they said I'd need an estate tax ID to set up an estate account or something? And also mentioned something about needing to prove that I am the beneficiary/appropriate person to have power over this estate account. How do I go about getting this? They left very generic instructions and said I'd have to go to irs.gov... + +I think I could probably figure it out eventually, but I'd really appreciate it if someone with more knowledge on how this all works could just guide me through the process. I don't have much energy to do, well, anything right now. + +Thank you in advance. +**DISCLAIMER:** *This is a throwaway and I don't check DMs or pay attention to anything on this account. Don't try to scam me, it won't work.* + +Here's a reason you shouldn't panic. + +Prior to this week, my wealth allocation was around 40% crypto (mostly BTC) and 60% stock market. Then, on November 29th and November 30th, I wanted to rebalance my allocations to 75% (mostly BTC) and 25% stocks, so this is very close to "going all-in" at around 60k per BTC. I moved a total of $70k USD from stocks to crypto between those two days. Fast forward to today, my crypto holdings are down 28k USD. + +How does it feel? Fine. I haven't sold, and therefore I haven't lost. Will I sell? Not a chance, even if BTC drops to 8k per coin. + +How do I recover? By DCA'ing. Each time I will deposit more fiat into crypto, I will be lowering my average cost per share. Then when Bitcoin inevitably reaches a new ATH, my gains will be even higher than if ATH happened today. + +Moral of the story? There's no reason to panic unless you sell. +To cover it up, they would need to buy back about 150 000 bitcoins. + +I will let you connect the dots with what happened this last week + +https://preview.redd.it/efzkvxsnfge61.jpg?width=997&format=pjpg&auto=webp&s=0452dfe548f424bd9e9a83a4c847de238d16007f +So after all the drama with hedge funds over the last eight months or so, I thought to myself it would be really interesting to see what working for a hedge fund was actually like. + +So I applied for a job at one of the big ones. I got the job right away, which was kinda suprising given my questionable trading knowlege and history. All I had to do was to take a simple aptitude test that checked my mental health, visionary goals and outlook on life and passed it with flying colours. Who knew? + +Anyway my first day came along and I was expecting the hedge fund to be an absolute boiler room of testostorone, swearing, crazy money and cocaine snorted off the buttcracks of hookers. + +Boy was I wrong. + +What an absolutely lovely environment to work in. When you walk in the door they greet you in the most pleasent way i've ever been greeted when entering a company. The butler hands you a lovely hot towel smelling of jasmine before you head to your desk. + +The other trades were so humble, one of them was trading just so that he could pay for his grandmother's medical bills. Another was donating his entire salary to the homeless and living out of the back of his car. He didn't even drive a Lambo as well, it was a 12 year old Honda Civic. + +Every Friday the boss's secretary bakes cupcakes with dollar signs on them and gives them out to everyone in the morning. She's met with praise and admiration from everyone. + +And that's not even the best bit. They do a monthly raffle, where everyone buys tickets for $10k each and the person who wins get to choose which orphanage to give all the money to. + +Were we wrong about hedge funds guys? + +^(Mods please mark this post with the appropriate shitpost flair.) +I met with my friend recently and he had some questions that were outside of my scope. So I will start with a few details then go into the questions. We will call my friend Alex for the rest of the post. + +Alex has a franchise of about 15 store fronts he owns 2 outright and he has a partner for the other 13. Right now his gross income is around 400-500k depending on sales but this is from just the 2 stores. Right now neither he nor his partner are taking money out of the business. That is about to change. They plan next year to each draw a salary. The partner wants to take about 900k each and the business has more than enough income to support this so there is no danger or issue in that aspect. + +&#x200B; + +The primary question is my friend has been living very comfortable on his current salary and he really doesn't want to take on more taxable income and he is looking for ways to defer his income. He doesn't want to establish a 401k and go through ERISA regulations when less than 10% of his income would be deferred. What other tax advantaged strategies can he look into for his business. Would a Deferred Comp plan or even Phantom stock plans be reasonable or am I off base? +Context +- looking at a $1.3M 2br on the next block +- net worth of $1.5M so 20% down payment isn't over extending +- currently pay $5400 for rent, my analysis shows similar monthly outflows if I buy +- breakeven around 2 years assuming 2% annual application +- quality and size of property are very similar + +Question +- Am I thinking about this correctly? +It basically makes no sense to buy since there's not meaningful upside financially but I have ownership downside due to having to deal with maintenance and losing flexibility of moving easily +I see that most fatFIRE stories are from the US. I know it's harder to attain such levels in Europe because of lower salaries and more socialist laws, but is there anyone already at fatFIRE or on their journey that lives in Europe? What are your strategies? +I first started reading about FI but recently found fatFIRE subreddit. +I recently (6 months ago) moved to Germany after finishing grad school. +For reference, I am 27, make 60k/year and currently save 50% of income. +As the titles says, my parents want me to what I can only assume is co-sign on a new home loan. However, I have some questions that I might get better answered here instead of doing self research. + +A little bit of background, one of my parent's life is coming to an end here shortly, he's been through a lot. (2 pulmonary embolisms, congestive heart failure, spinal stenosis, broken upper back, and the list could just keep going on.) Their current living situation isn't pretty, and because neither parent is able to really do work around the home, it's begun to break down and become a much bigger issue than they can handle. I will be a co-signer with upwards of two other people for them to even have a chance at qualifying for the loan-however the money my parents make mostly comes from the state from a number of places (disability, social security, child support, and money from the state for taking care of my mom's two special needs children.) They live in rural Nebraska, and need to move closer to doctor's appointments as well. + +I'm 24, make 42k a year working as a retail manager, and have virtually no debt, however I have very little money saved and put away. I have a decent credit score, but my history is short as I only began building credit roughly a year ago. My s/o is currently in their last year of college, and once they're out, we'd like to begin our lives together and start planning to purchase our own home. + +The questions I have are as follow; Will co-signing on their loan disqualify me from future first-time home buyer loans and grants? Due to my ill-stricken father-once he passes who would be required to continue paying off the mortgage? My other parent doesn't collect much money-except from the state for taking care of two special needs children and social security (the disability is from my father, and I assume that would be taken away from their total income after he passes)-if they are unable to continue paying for the mortgage-and default-how does that immediately effect my stake in the purchase? Would I ever be able to take my name off the loan before the payments are complete? If in 10 years both parents pass and it's just myself and the other payee on the loan, who ends up receiving the loan? Could potentially either payee sell the home? + +I understand that this is a lot, but any advice would be helpful. My current thoughts are-even though I have no doubt my parents would be able to afford with both incomes-I worry that after one passes things will go awry. I would prefer to not have my life drug down due to this situation and potentially ruin my chances at securing a stable home for myself and my future wife. As much as I love my parents and would love to help-I'm worried that repercussions long term vastly outweigh the potential good outcomes. + +Edit: Thank you all for responding and confirming what I had thought but couldnā€™t quite say. As well as providing other options that I totally over looked. Iā€™ve since spoken with my family about other options, and asking them to utilize their case worker for what theyā€™re meant to do; help. Iā€™ve denied their request to co-sign the loan as I know the situation doesnā€™t benefit my future. Again, many thanks to yā€™all kind stranger. +Hey guys. If you're into NFTs, then I think you need to watch the video below. I'm walking you through the best way to be certain that your flips will deliver. Sniping and flipping without some supporting software really is tough nowadays. + +The first time I've started to learn about NFTs and got into OpenSea, I discovered that there's a sweet spot for getting good snipes. That sweet spot is when the projects just uploaded the meta data. When this happens, everyone discovers what traits their NFT has. This is an exciting moment, but it is also filled with opportunities. For example, someone who just got a super rare might have it listed for sale. It is at this time that you can buy that token if you move fast enough. + +OpenSea takes 30min-1h to update all the data, so in that time, a lot of people do not know what properties they got, even if they are publicly available. Keyword: **publicly available.** + + +I've been working hard to create a tool that sees all these properties before OpenSea updates them, so we can have an advantage when the reveal happens. Tell me what you think! Thanks :D + +[https://www.youtube.com/watch?v=OI0iNlzQrO8](https://www.youtube.com/watch?v=OI0iNlzQrO8) +During Christmas I have had so many people tell me that I am difficult to buy gifts for. I am very content and I have everything that I need, so I don't know what to tell family members when they ask me for gift ideas. + +Does anyone else have this problem? +As the title says I took my toddler to the park to get some air and as we were walking through the playground I heard the word Bitcoin so I turned to see who said it and there were four kids probably ages 12 or so having a very intense meeting about their plans to obtain Bitcoin. I didnā€™t want to seem like I was eavesdropping so I couldnā€™t hear the whole conversation but I caught some of it and it went something like rent bots get graphics cards sell the graphics cards for profit and buy Bitcoin. One of them was unsure of the plan and then I heard one say ā€œdonā€™t worry guys Iā€™m very good at investing I got this.ā€ Then they proceeded to talk about the percentages they would make if it reached certain levels and how they would split it and take care of it. Little rascals...what a time to be alive. +I received a Notice of Deficiency from the IRS for a different issue. On this notice it shows I have taxable dividends from a USAA 500 Index member fund and Victory Capital (which appears they are the same company?). + +However, I completly forgot these accounts existed, I have never had access to them nor have I seen any bank statement, or any information on them. I vaguely remember him opening it for me when I was a kid. My grandfather refuses to send me information, told me he forgot about the accounts, then told me his ex wife has been the custodian for them the past decade, and then informed me the reason I have $38K in student loan debt is because I "didn't ask him for the money to pay my tuition." šŸ™„šŸ™„ The accounts have my SSN attached to them, and he has told me it was for education. + +Is this fraud? Was he supposed to turn this over to me when I turned 18? What can I do to access these account and take him and his ex wife off? I admittedly don't know anything about this stuff. He's a wealthy bastard that is very smart about using different accounts to spread out his money and keep it from the IRS. I think he opened this to evade paying taxes as I have not seen a single dime, and I am almost 30. + +Any information or direction you guys can give me would be appreciated. Thank you! + + + +Edit: Thank you for the helpful replies and ideas! All I saw were these accounts with my SSN attached that I didn't know about, so naturally my mind went to the worst. My grandfather is the ultimate narcissist. He's not well known for being generous and better known for being shady as fuck. Which is why my post seems so "entitled" and angry. I've just known him to fuck everyone over to benefit himself. My toxic grandfather story is for another sub. Either way thanks again and this gives me a solid start! +In this research, I analyze the workings of the risk assessment mechanism used by OCC (Options Clearinghouse). I also tracked *some* of the collateral used by OCC members to offset risk. This DD comes short of my initial goal but I'm posting it none the less. + +&#x200B; + +* **A) THE OCC - skip if needed** + +The Option Clearing Corporation or OCC is the central entity in charge of clearing and settlement for options, futures and other derivative transactions (between its members). OCC protects its members from counterparty risk by acting as a guarantor to ensure that the obligations of the contracts it clears are fulfilled. + +The OCC is in charge of settlement specifically in the following products^(ā˜…1) : + +* \-> Equity Options +* \-> ETF Options +* \-> FLEX Options +* \-> Futures Products (Exchange traded only on CBOE and SMFE. PS: No Single-Stock Futures are listed on these exchanges) +* \-> Index Options +* \-> LEAPS +* \-> OTC Products (only OTC S&P 500 index options) +* \-> Quarterly Options +* \-> USD Cash-Settled Currency Options +* \-> Weekly Options + +Of note here is that, except for S&P 500 index options, all Over the Counter (OTC) products, such as Swaps and Forward Contracts, fall outside of the remit of the OCC. + +Also of note, is that the OCC serves and is contractually obligated towards its Clearing Members (list here^(ā˜…2) ). Similarly, Clearing Members have contractual obligations towards the OCC. Clearing Members in turn have clients of their own, like non-clearing broker firms, who in turn may have you and other people as clients. And so, a trade you and I make, will be sent by our broker to its Clearing Member partner who will submit it to the OCC for clearing/settlement. To summarize, all trades end up being covered by the OCC but the OCC only deals directly with a limited number of Clearing Members. + +The OCC, in order to protect itself and its Clearing Members as a whole, asks that each of its Clearing Members properly manage the risk associated to their portfolio. For each Clearing Members, the OCC measures the potential risk of its portfolio and determines if collateral is sufficient or if margin has to be posted^(ā˜…3.) In this context, a Clearing Member's portfolio includes its own proprietary trades and those of its clients and its clients' clients etc. Of course, in practice, a Clearing Members will in turn monitor its non-clearing clients' risk and ask margin/collateral from them - margin/collateral which will then be factored in the OCC's assessment of the Clearing Member's portfolio risk. In Summary, margin requirements is recursive and ultimately applies all the way down to individual traders like you and I - but for the purpose of this research, of interest is the top layer of this system where all positions and risk has been aggregated in the Clearing Members' portfolios. + +&#x200B; + +* **B) STANS** + +The OCC measures the risk associated to its Clearing Members' portfolio using a proprietary methodology named System for Theoretical Analysis and Numerical Simulations (STANS)^(ā˜…3.) STANS is essentially a Monte Carlo Simulation - a simulation that looks at (wrinkle : randomly samples for) all possible outcomes, and using these outcomes as starting points, another round of all possible outcomes can be calculated, etc. The end result, is a bell curve showing the probabilities of the portfolio returns (profit/loss). You can think of it as a bean machine used to demonstrate outcome distribution. You may also think of it as Dr. Strange looking at all possible futures and counting how many futures result in a 1% loss for the portfolio, 2% loss, etc. + +Unlike traditional/historical risk assessment methodologies that consider past outcomes as future possible scenarios (wrinkle : apply a hair cut to certain products based on past performance), a Monte Carlo Simulation will provide for scenarios that never happened before, however unlikely. One such never seen before scenario may be for example that AAPL and TSLA both go down 20% while an idiosyncratic stock goes up 85%. It may seem unfair that a Monte Carlo Simulation provides for these extreme outcomes, but it is important to understand that if these scenarios are low probability, they will have very little weight in the final outcome of the simulation, and thus the risk associated can be considered low. Unless of course the portfolio being assessed for risk has a very large short exposure to the idiosyncratic stock and so many of the Monte Carlo Simulation outcomes result in a net loss and the aggregate probability of these outcomes becomes a concern. + +&#x200B; + +[\(top left\) A Bean machine. \(top right\) A graph of an actual Monte Carlo Simulation for a single stock. \(low left\) The typical bell curve, centered on the mean and symmetrical. The area \(and not the curve line\) is the probability of the outcome being measured. Notice how thin the tails are. \(low right\) A Value at Risk bell curve for a portfolio. The bell curve may not be symmetrical. Tails may be fat and long. Notice most of the area show a return greater than zero. The left tail is the one we are interested in, it extends into the negative, where the portfolio posts a loss. The read area shows the 5&#37; worst outcomes. -0.82\(standard deviation\) is the minimum loss for those 5&#37; worst outcomes. The OCC uses averages of the X&#37; worst outcomes to determine margin requirements.](https://preview.redd.it/p94uegevv2g81.png?width=1126&format=png&auto=webp&s=b21b4690a764774394a362f306bf4bb7b397765e) + +&#x200B; + +STANS has the following features: + +* It has a two-day horizon. (It simulates what may happen in the next two days)^(ā˜…4) +* It models the joint effects of risk factors on the value of the portfolio. A risk factor is like a variable, something that may change through time. I cannot find an exhaustive list of risk factors, however + +>The majority of risk factors pertain to the prices and option-implied volatilities of individual equity securities^(ā˜…3) + +* STANS runs a simulation in a 3 step process^(ā˜…4) +* (i) Calibration +* (ii)Generate the list of risk factors (wrinkle: Copula) to be simulated and identification of *correlations among simulated changes in the various risk factors*. **(Important : correlation between risk factors is taken into consideration.)** +* (iii) Run the simulation (10,000 scenarios for each risk factor). Calculate how securities/derivatives position change in price for each scenario outcome (Net Asset Values or NAVs), and calculate whether the overall portfolio returns a profit/loss for each outcome (positions + collateral = profit/loss). When the portfolio outcome is a loss, calculate margin requirements. + +&#x200B; + +STANS calculate margin requirements in the following fashion^(ā˜…3) : + +* There are 3 components in the calculation of margin requirements : **Base, Dependence and Concentration**. +* For each components, the 3 step simulation described above is performed. +* For the **Base** component, the 1% worst outcomes from the simulation are used (wrinkle : 99% Expected Shortfall). To the extent that these 1% worst outcomes result in a loss for the portfolio, the average loss is calculated and becomes the margin requirement from the Base component. +* The **Dependence** and **Concentration** components also run through the 3 step simulation, however only use the 0.5% worst outcomes. These components are discounted and are only taken into consideration to the extent that they exceed the Base component. They are like add-ons to model extreme risk. +* The **Dependence** component essentially simulates outcomes with extreme level of correlation (perfect correlation and zero correlation) in single-stock returns instead of historical correlation. (Therefore, a modified step (ii) of the 3 step process above). +* The **Concentration** component can be thought of as a proportion of the *extra risk that would arise from extreme adverse idiosyncratic moves in* ***two*** *risk-factors to which the portfolio is especially exposed*.**(Important : Extreme idiosyncratic moves in 2 risk factors is the basis of an entire component of the margin calculation.)** + +&#x200B; + +[ The 3 main components of margin as per STANS methodology. ](https://preview.redd.it/cgzqi5dyv2g81.png?width=926&format=png&auto=webp&s=3a4461eb6ed3aae73aa7e29081148d79daf5ebd4) + +For Additional information and details on margin calculations according to the STANS methodology, see sources^(ā˜…3) ^(ā˜…4) ^(ā˜…5) + +&#x200B; + +* **C) INITIAL HYPOTHESES** + +From the theoretical description of the inner workings of the OCC, the following hypotheses were formulated and later tested: + +* (i) In an effort to alleviate the risk associated to an idiosyncratic security (GME), there should be signs of increased use of GME-correlated securities as collateral. +* (ii) There should also be signs of increased correlation between these GME-correlated securities and GME, as their value as collateral increase with their correlation level. + +For (i) and (ii), the GME-correlated security researched will be āˆ€WC. + +* (iii) As the best possible collateral for GME associated risk, GME shares should also see an increased use as collateral + +&#x200B; + +* **D) INITIAL DATA ANALYSES** + +Additionally to clearing derivatives transactions, the OCC also organizes a stock loan program, whereby its Clearing Members can borrow shares directly from any DTC members. The goal is to allow : + +>Clearing Members to use borrowed and loaned securities to reduce OCC margin requirements by reflecting the real risks of their intermarket hedged positions ^(ā˜…6) + +This Stock Loan Program (previously known as "Hedge Loan") is supplemented by a second stock loan scheme named "Loan Market" where the OCC connects its Clearing Members to available shares on the Equilend Clearing Services (ECS) Alternative Trading System (ATS). ^(ā˜…6) + +My understanding is that, because the Loan Market has more intermediaries involved, the fees could make it less attractive than the OCC-DTC Stock Loan Program. Perusing data confirms that the vast majority of loans are of the OCC-DTC Stock Loan Program type. + +The below charts use data from those stock loan programs, as reported by the OCC itself. Where the loan scheme is not specified, the data is for the aggregate. + +Also included in the below charts are some Implied Volatility data from Quantcha via Alpha Query ^(ā˜…7) + +*Note on correlation data and analysis* : + +* Implied Volatility Skew: A measurement that quantifies the difference in implied volatility of options at lower and higher strike prices. +* Implied Volatility (Mean): The forecasted future volatility of the security over the selected time frame, derived from the average of the put and call implied volatilities for options with the relevant expiration date. +* 500 days rolling is used because the STANS uses 500 business days of data to build its Copula.^(ā˜…4) + +&#x200B; + +[ OCC Stock Loan balances in USD ](https://preview.redd.it/lzsxwp3aw2g81.png?width=2105&format=png&auto=webp&s=bbca5712749687d90d9c8ff4931eba89f4e56f3f) + +In this Chart, the bars represent the total loan balances in USD issued through the two combined OCC sponsored stock loan programs : "Stock Loan" and "Loan Market". GME loans are red, āˆ€WC are Orangish-Yellow. We can see from this chart that around mid August 2020, the loan balances for both stocks begin to trend differently. There was about 50M in stock loans for each stock then. Correlation in stock price also begins to decrease. + +Stock Loan balances peak on January 27th. Here is a table of what happened during that week + +|DATE|GME Loan Balance (USD)|āˆ€WC Loan Balance (USD)| +|:-|:-|:-| +|Jan 25 2021|2,377,597,341|172,335,875| +|Jan 26 2021|3,967,296,729|265,261,650| +|Jan 27 2021|7,370,134,830|1,042,731,025| +|Jan 28 2021|2,083,683,558|467,106,925| +|Jan 29 2021|1,459,381,403|573,407,207| + +It can be noted that the GME loan balance \~triples whereas the āˆ€WC loan balance jumps almost ten folds. + +Interestingly, in that same period, price correlation bumps from the negatively correlated score of -0.129939292290387 to the low positive score of 0.077557722237023. + +(A score of 1 means perfectly correlated. 0 means no correlation. -1 means inversely correlated). + +This is a 0.207 correlation score jump in 1 week/5 continuous trading days. (!) + +Most interestingly, despite GME remaining higher priced, most volatile and thus arguably requiring the most collateral, āˆ€WC loan balances will surpass GME's beginning Feb 3rd 2021 and will remain so to this day. Price correlation smoothly improves back to the 0.8 range. This data proves - at least tentatively - hypotheses i) and ii). + +&#x200B; + +[ GME shares loaned through the OCC stock loan programs. ](https://preview.redd.it/i9yv844dw2g81.png?width=2124&format=png&auto=webp&s=dfa16e93bdb7573efcec2eeaf0a8bd4669901387) + +This is a GME only chart. Displayed in bars are the approximate total number of shares loaned (share loan balance divided by close price) through the two combined OCC sponsored stock loan programs : "Stock Loan" and "Loan Market". When loans include shares from the presumably more expensive Equilend "Loan Market" the bars are orange. This happened mostly in 2020, including in December 2020 all the way to, and including, January 29th 2021. It again occurred briefly April 7th and 8th 2021 and January 27th and 28th 2022. + +Of note is that the total number of loaned shares peaked at \~35M on January 13, have been sub 1M since March 3rd 2021, dropping slowly to the 100k or below range in December 2021, before coming back up recently to around 500k-600k range. + +I think this chart clearly disproves the hypothesis of an increase usage of OCC sponsored GME shares loan as collateral for the purpose of OCC margin requirements. The dramatic drop and almost flat-line of 2021 brings up the question of *how* the short entities are collateralizing their positions : + +* GME shares owned outright (unlikely, would show in 13F filings) +* GME shares private loans (Judging from initial NPORT filings analysis, the reported loan amounts seems grossly insufficient) +* Hard cash and other securities - perhaps highly correlated securities (additional researched needed) +* Derivatives (This would fall outside the remit of the OCC(?) More research needed). + +&#x200B; + +I remain open to ideas and criticism. + +\-S- + +**Sources** + +* (ā˜…1) [https://www.theocc.com/Clearance-and-Settlement/Clearing](https://www.theocc.com/Clearance-and-Settlement/Clearing) +* (ā˜…2) [https://www.theocc.com/Company-Information/Member-Directory](https://www.theocc.com/Company-Information/Member-Directory) +* (ā˜…3) [https://www.theocc.com/Risk-Management/Margin-Methodology](https://www.theocc.com/Risk-Management/Margin-Methodology) +* (ā˜…4) [https://www.sec.gov/rules/sro/occ/2020/34-90763.pdf](https://www.sec.gov/rules/sro/occ/2020/34-90763.pdf) \- Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Proposed Rule Change Concerning The Options Clearing Corporationā€™s System for Theoretical Analysis and Numerical Simulation (ā€œSTANSā€) Methodology Documentation - December 21, 2020 +* (ā˜…5) [https://www.math.nyu.edu/\~avellane/ICEBERG\_BDF\_2016.pdf](https://www.math.nyu.edu/~avellane/ICEBERG_BDF_2016.pdf) \- Risk Management of Large Option Portfolios via Monte Carlo Simulation - Marco Avellaneda - 2016 +* (ā˜…6)[https://www.theocc.com/Clearance-and-Settlement/Stock-Loan-Programs](https://www.theocc.com/Clearance-and-Settlement/Stock-Loan-Programs) +* (ā˜…7) [https://www.alphaquery.com/stock/GME/volatility-option-statistics/10-day/historical-volatility](https://www.alphaquery.com/stock/GME/volatility-option-statistics/10-day/historical-volatility) +In this research, I analyze the workings of the risk assessment mechanism used by OCC (Options Clearinghouse). I also tracked *some* of the collateral used by OCC members to offset risk. This DD comes short of my initial goal but I'm posting it none the less. + +&#x200B; + +* **A) THE OCC - skip if needed** + +The Option Clearing Corporation or OCC is the central entity in charge of clearing and settlement for options, futures and other derivative transactions (between its members). OCC protects its members from counterparty risk by acting as a guarantor to ensure that the obligations of the contracts it clears are fulfilled. + +The OCC is in charge of settlement specifically in the following products^(ā˜…1) : + +* \-> Equity Options +* \-> ETF Options +* \-> FLEX Options +* \-> Futures Products (Exchange traded only on CBOE and SMFE. PS: No Single-Stock Futures are listed on these exchanges) +* \-> Index Options +* \-> LEAPS +* \-> OTC Products (only OTC S&P 500 index options) +* \-> Quarterly Options +* \-> USD Cash-Settled Currency Options +* \-> Weekly Options + +Of note here is that, except for S&P 500 index options, all Over the Counter (OTC) products, such as Swaps and Forward Contracts, fall outside of the remit of the OCC. + +Also of note, is that the OCC serves and is contractually obligated towards its Clearing Members (list here^(ā˜…2) ). Similarly, Clearing Members have contractual obligations towards the OCC. Clearing Members in turn have clients of their own, like non-clearing broker firms, who in turn may have you and other people as clients. And so, a trade you and I make, will be sent by our broker to its Clearing Member partner who will submit it to the OCC for clearing/settlement. To summarize, all trades end up being covered by the OCC but the OCC only deals directly with a limited number of Clearing Members. + +The OCC, in order to protect itself and its Clearing Members as a whole, asks that each of its Clearing Members properly manage the risk associated to their portfolio. For each Clearing Members, the OCC measures the potential risk of its portfolio and determines if collateral is sufficient or if margin has to be posted^(ā˜…3.) In this context, a Clearing Member's portfolio includes its own proprietary trades and those of its clients and its clients' clients etc. Of course, in practice, a Clearing Members will in turn monitor its non-clearing clients' risk and ask margin/collateral from them - margin/collateral which will then be factored in the OCC's assessment of the Clearing Member's portfolio risk. In Summary, margin requirements is recursive and ultimately applies all the way down to individual traders like you and I - but for the purpose of this research, of interest is the top layer of this system where all positions and risk has been aggregated in the Clearing Members' portfolios. + +&#x200B; + +* **B) STANS** + +The OCC measures the risk associated to its Clearing Members' portfolio using a proprietary methodology named System for Theoretical Analysis and Numerical Simulations (STANS)^(ā˜…3.) STANS is essentially a Monte Carlo Simulation - a simulation that looks at (wrinkle : randomly samples for) all possible outcomes, and using these outcomes as starting points, another round of all possible outcomes can be calculated, etc. The end result, is a bell curve showing the probabilities of the portfolio returns (profit/loss). You can think of it as a bean machine used to demonstrate outcome distribution. You may also think of it as Dr. Strange looking at all possible futures and counting how many futures result in a 1% loss for the portfolio, 2% loss, etc. + +Unlike traditional/historical risk assessment methodologies that consider past outcomes as future possible scenarios (wrinkle : apply a hair cut to certain products based on past performance), a Monte Carlo Simulation will provide for scenarios that never happened before, however unlikely. One such never seen before scenario may be for example that AAPL and TSLA both go down 20% while an idiosyncratic stock goes up 85%. It may seem unfair that a Monte Carlo Simulation provides for these extreme outcomes, but it is important to understand that if these scenarios are low probability, they will have very little weight in the final outcome of the simulation, and thus the risk associated can be considered low. Unless of course the portfolio being assessed for risk has a very large short exposure to the idiosyncratic stock and so many of the Monte Carlo Simulation outcomes result in a net loss and the aggregate probability of these outcomes becomes a concern. + +&#x200B; + +[\(top left\) A Bean machine. \(top right\) A graph of an actual Monte Carlo Simulation for a single stock. \(low left\) The typical bell curve, centered on the mean and symmetrical. The area \(and not the curve line\) is the probability of the outcome being measured. Notice how thin the tails are. \(low right\) A Value at Risk bell curve for a portfolio. The bell curve may not be symmetrical. Tails may be fat and long. Notice most of the area show a return greater than zero. The left tail is the one we are interested in, it extends into the negative, where the portfolio posts a loss. The read area shows the 5&#37; worst outcomes. -0.82\(standard deviation\) is the minimum loss for those 5&#37; worst outcomes. The OCC uses averages of the X&#37; worst outcomes to determine margin requirements.](https://preview.redd.it/p94uegevv2g81.png?width=1126&format=png&auto=webp&s=b21b4690a764774394a362f306bf4bb7b397765e) + +&#x200B; + +STANS has the following features: + +* It has a two-day horizon. (It simulates what may happen in the next two days)^(ā˜…4) +* It models the joint effects of risk factors on the value of the portfolio. A risk factor is like a variable, something that may change through time. I cannot find an exhaustive list of risk factors, however + +>The majority of risk factors pertain to the prices and option-implied volatilities of individual equity securities^(ā˜…3) + +* STANS runs a simulation in a 3 step process^(ā˜…4) +* (i) Calibration +* (ii)Generate the list of risk factors (wrinkle: Copula) to be simulated and identification of *correlations among simulated changes in the various risk factors*. **(Important : correlation between risk factors is taken into consideration.)** +* (iii) Run the simulation (10,000 scenarios for each risk factor). Calculate how securities/derivatives position change in price for each scenario outcome (Net Asset Values or NAVs), and calculate whether the overall portfolio returns a profit/loss for each outcome (positions + collateral = profit/loss). When the portfolio outcome is a loss, calculate margin requirements. + +&#x200B; + +STANS calculate margin requirements in the following fashion^(ā˜…3) : + +* There are 3 components in the calculation of margin requirements : **Base, Dependence and Concentration**. +* For each components, the 3 step simulation described above is performed. +* For the **Base** component, the 1% worst outcomes from the simulation are used (wrinkle : 99% Expected Shortfall). To the extent that these 1% worst outcomes result in a loss for the portfolio, the average loss is calculated and becomes the margin requirement from the Base component. +* The **Dependence** and **Concentration** components also run through the 3 step simulation, however only use the 0.5% worst outcomes. These components are discounted and are only taken into consideration to the extent that they exceed the Base component. They are like add-ons to model extreme risk. +* The **Dependence** component essentially simulates outcomes with extreme level of correlation (perfect correlation and zero correlation) in single-stock returns instead of historical correlation. (Therefore, a modified step (ii) of the 3 step process above). +* The **Concentration** component can be thought of as a proportion of the *extra risk that would arise from extreme adverse idiosyncratic moves in* ***two*** *risk-factors to which the portfolio is especially exposed*.**(Important : Extreme idiosyncratic moves in 2 risk factors is the basis of an entire component of the margin calculation.)** + +&#x200B; + +[ The 3 main components of margin as per STANS methodology. ](https://preview.redd.it/cgzqi5dyv2g81.png?width=926&format=png&auto=webp&s=3a4461eb6ed3aae73aa7e29081148d79daf5ebd4) + +For Additional information and details on margin calculations according to the STANS methodology, see sources^(ā˜…3) ^(ā˜…4) ^(ā˜…5) + +&#x200B; + +* **C) INITIAL HYPOTHESES** + +From the theoretical description of the inner workings of the OCC, the following hypotheses were formulated and later tested: + +* (i) In an effort to alleviate the risk associated to an idiosyncratic security (GME), there should be signs of increased use of GME-correlated securities as collateral. +* (ii) There should also be signs of increased correlation between these GME-correlated securities and GME, as their value as collateral increase with their correlation level. + +For (i) and (ii), the GME-correlated security researched will be āˆ€WC. + +* (iii) As the best possible collateral for GME associated risk, GME shares should also see an increased use as collateral + +&#x200B; + +* **D) INITIAL DATA ANALYSES** + +Additionally to clearing derivatives transactions, the OCC also organizes a stock loan program, whereby its Clearing Members can borrow shares directly from any DTC members. The goal is to allow : + +>Clearing Members to use borrowed and loaned securities to reduce OCC margin requirements by reflecting the real risks of their intermarket hedged positions ^(ā˜…6) + +This Stock Loan Program (previously known as "Hedge Loan") is supplemented by a second stock loan scheme named "Loan Market" where the OCC connects its Clearing Members to available shares on the Equilend Clearing Services (ECS) Alternative Trading System (ATS). ^(ā˜…6) + +My understanding is that, because the Loan Market has more intermediaries involved, the fees could make it less attractive than the OCC-DTC Stock Loan Program. Perusing data confirms that the vast majority of loans are of the OCC-DTC Stock Loan Program type. + +The below charts use data from those stock loan programs, as reported by the OCC itself. Where the loan scheme is not specified, the data is for the aggregate. + +Also included in the below charts are some Implied Volatility data from Quantcha via Alpha Query ^(ā˜…7) + +*Note on correlation data and analysis* : + +* Implied Volatility Skew: A measurement that quantifies the difference in implied volatility of options at lower and higher strike prices. +* Implied Volatility (Mean): The forecasted future volatility of the security over the selected time frame, derived from the average of the put and call implied volatilities for options with the relevant expiration date. +* 500 days rolling is used because the STANS uses 500 business days of data to build its Copula.^(ā˜…4) + +&#x200B; + +[ OCC Stock Loan balances in USD ](https://preview.redd.it/lzsxwp3aw2g81.png?width=2105&format=png&auto=webp&s=bbca5712749687d90d9c8ff4931eba89f4e56f3f) + +In this Chart, the bars represent the total loan balances in USD issued through the two combined OCC sponsored stock loan programs : "Stock Loan" and "Loan Market". GME loans are red, āˆ€WC are Orangish-Yellow. We can see from this chart that around mid August 2020, the loan balances for both stocks begin to trend differently. There was about 50M in stock loans for each stock then. Correlation in stock price also begins to decrease. + +Stock Loan balances peak on January 27th. Here is a table of what happened during that week + +|DATE|GME Loan Balance (USD)|āˆ€WC Loan Balance (USD)| +|:-|:-|:-| +|Jan 25 2021|2,377,597,341|172,335,875| +|Jan 26 2021|3,967,296,729|265,261,650| +|Jan 27 2021|7,370,134,830|1,042,731,025| +|Jan 28 2021|2,083,683,558|467,106,925| +|Jan 29 2021|1,459,381,403|573,407,207| + +It can be noted that the GME loan balance \~triples whereas the āˆ€WC loan balance jumps almost ten folds. + +Interestingly, in that same period, price correlation bumps from the negatively correlated score of -0.129939292290387 to the low positive score of 0.077557722237023. + +(A score of 1 means perfectly correlated. 0 means no correlation. -1 means inversely correlated). + +This is a 0.207 correlation score jump in 1 week/5 continuous trading days. (!) + +Most interestingly, despite GME remaining higher priced, most volatile and thus arguably requiring the most collateral, āˆ€WC loan balances will surpass GME's beginning Feb 3rd 2021 and will remain so to this day. Price correlation smoothly improves back to the 0.8 range. This data proves - at least tentatively - hypotheses i) and ii). + +&#x200B; + +[ GME shares loaned through the OCC stock loan programs. ](https://preview.redd.it/i9yv844dw2g81.png?width=2124&format=png&auto=webp&s=dfa16e93bdb7573efcec2eeaf0a8bd4669901387) + +This is a GME only chart. Displayed in bars are the approximate total number of shares loaned (share loan balance divided by close price) through the two combined OCC sponsored stock loan programs : "Stock Loan" and "Loan Market". When loans include shares from the presumably more expensive Equilend "Loan Market" the bars are orange. This happened mostly in 2020, including in December 2020 all the way to, and including, January 29th 2021. It again occurred briefly April 7th and 8th 2021 and January 27th and 28th 2022. + +Of note is that the total number of loaned shares peaked at \~35M on January 13, have been sub 1M since March 3rd 2021, dropping slowly to the 100k or below range in December 2021, before coming back up recently to around 500k-600k range. + +I think this chart clearly disproves the hypothesis of an increase usage of OCC sponsored GME shares loan as collateral for the purpose of OCC margin requirements. The dramatic drop and almost flat-line of 2021 brings up the question of *how* the short entities are collateralizing their positions : + +* GME shares owned outright (unlikely, would show in 13F filings) +* GME shares private loans (Judging from initial NPORT filings analysis, the reported loan amounts seems grossly insufficient) +* Hard cash and other securities - perhaps highly correlated securities (additional researched needed) +* Derivatives (This would fall outside the remit of the OCC(?) More research needed). + +&#x200B; + +I remain open to ideas and criticism. + +\-S- + +**Sources** + +* (ā˜…1) [https://www.theocc.com/Clearance-and-Settlement/Clearing](https://www.theocc.com/Clearance-and-Settlement/Clearing) +* (ā˜…2) [https://www.theocc.com/Company-Information/Member-Directory](https://www.theocc.com/Company-Information/Member-Directory) +* (ā˜…3) [https://www.theocc.com/Risk-Management/Margin-Methodology](https://www.theocc.com/Risk-Management/Margin-Methodology) +* (ā˜…4) [https://www.sec.gov/rules/sro/occ/2020/34-90763.pdf](https://www.sec.gov/rules/sro/occ/2020/34-90763.pdf) \- Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Proposed Rule Change Concerning The Options Clearing Corporationā€™s System for Theoretical Analysis and Numerical Simulation (ā€œSTANSā€) Methodology Documentation - December 21, 2020 +* (ā˜…5) [https://www.math.nyu.edu/\~avellane/ICEBERG\_BDF\_2016.pdf](https://www.math.nyu.edu/~avellane/ICEBERG_BDF_2016.pdf) \- Risk Management of Large Option Portfolios via Monte Carlo Simulation - Marco Avellaneda - 2016 +* (ā˜…6)[https://www.theocc.com/Clearance-and-Settlement/Stock-Loan-Programs](https://www.theocc.com/Clearance-and-Settlement/Stock-Loan-Programs) +* (ā˜…7) [https://www.alphaquery.com/stock/GME/volatility-option-statistics/10-day/historical-volatility](https://www.alphaquery.com/stock/GME/volatility-option-statistics/10-day/historical-volatility) +I'm an 18 year old kid going to a state college in the US with parents who never went to college, no way to pay for my loans other than through my own hard work, and an aptitude for working with numbers in a scientific setting that is limited. + +I have always enjoyed analyzing other people and understanding how they work, and feel as though Psychology is the correct major for me. However, I have heard/read that Psych majors have some of the highest unemployment rates in comparison to those of other majors, not to mention that the entry level pay grade is much lower than a good number of other fields, such as engineering. + +I feel as though the older and more experienced redditors of this sub may have some wisdom that can aid me in not fucking my life over financially. + +Some academic background: +GPA: 4.07 +SAT: 1810 +Highest Completed Math: +Honors Calculus 1~93% avg +Highest Completed Science: +AP Phyiscs Part A~80% avg +Highest Completed English: +AP Literature & AP Language~89% avg +Years of foreign language: +3~94% avg + +TL;DR +Need advice as to major choice so i don't get screwed over by loans after college. + +Edit: To be totally honest, I am really thinking of changing my major now, so thank you for those who have shown me that the stats do not lie. Anybody have any suggestions for majors/double majors I could pursue with my academic background that would bring economic success? + +Edit 2: My original plan was to go to college and major in Psych and minor in Economics, and then attend grad school for Law almost immediately after. Sorry for not putting that in the OP. + +Edit 3: Holy crap! I didn't think I would get so many replies! Thanks so much for all the time you guys have put into replying to this post, over the course of the next couple days i'm going to really take the time to do some more research for myself. I can honestly say I think my major is not going to be Psychology now (I know I seem easily swayed and all that, but I was really on the fence prior to this post anyway, the amount of responses that have backed up my fears has now cemented my decision to change my major). I am going to look into a double major of Computer Sciences and Engineering, because I honestly believe I will have better success with those degrees, and believe that the careers offered to graduates with either of these degrees will be more appealing to me than if I were to take a career in the mental health field. I plan on doing a follow up post in a week or so to let everybody know what I have decided upon. For now, I'm off to work at my local deli for the next 8 hours, so feel free to continue commenting or PM me if you like, any tips or advice is greatly appreciated :) + +Edit 4: To those of you telling me to go with either CS or Engineering as a major as opposed to both, thank you. I figured that i could take classes that apply to both (a concept another redditor had suggested) but it seems as though that won't work. I'm just trying to figure out what combination of majors/major and minor would be the most future proof and give me the greatest chance at financial success. +So yes, I am flip flopping a bit, but for the reason that I am still at the point where I am trying to basically create my new life plan from the ground up and wish to have those with more worldly experience show me the pros and cons of my ideas, seeing as I am only a teenager with academic experience limited to the American High School classroom. +Anyway, back to slicing meat! + +Edit 5: I just got home from work and all I can say is thank you so much you guys! All of your feedback and ideas are really helping me see that I really had no idea as to what I could do and what I want to do with my life. I've been trying to read and reply to as many people's comments and PMs as possible but I literally cannot keep up with them all, so sorry if I don't reply to you! Anyway, feel free to keep commenting and PMing, as in the next week I will be meditating on your ideas before I decide to let my college know I would like a major change. For those curious, I will be attending Umass Amherst, so if anybody has any connections there let me know! Also, I am really interested in learning more about majoring in CS and was thinking that a double major in CS and Neuroscience or perhaps CS and Computer Engineering might be neat. Just to reiterate, I know very little about these majors and how they would interact together, so I will be doing A LOT of research over the next few days (those who are/were majors in CS, Neuroscience, Computer Engineering fell free to PM me with wisdom/helpful things to know). Finally, I will be making a follow up post once I do a bit more soul searching (in this subreddit if that's OK with the mods) to let you guys know whats up. Thanks again for all the knowledge, every little bit of wisdom helps! +The Internet is a buzz with financial advisers and other so called experts talking about the glories of waiting to collect Social Security. DELAY, DELAY, DELAY, they say. + +They promise a 7-8% "annual return." But it is not a true annual return. Instead your monthly checks will be 7-8% higher if you delay collecting for a year. The reason your Social Security check is 7-8% higher each month if you delay a year is you don't get a check while waiting. So you are not getting an investment return because there is no money given to you while you wait for benefits. + +A 8% investment return would mean that you had, for example, $1000 and your investment increased 8% and now you have $1080.00. But when you delay your social security a year, you have no base of funds to work with, so there is no real return on your investment in a traditional sense. Your annual return while you wait is $0. You only get a return in twenty years or so. + +Please, call it what it is when you delay Social Security: A increase in your monthly check of 7-8% by delaying your benefits because you did not get any checks the previous year. It is not an annual return! +The Internet is a buzz with financial advisers and other so called experts talking about the glories of waiting to collect Social Security. DELAY, DELAY, DELAY, they say. + +They promise a 7-8% "annual return." But it is not a true annual return. Instead your monthly checks will be 7-8% higher if you delay collecting for a year. The reason your Social Security check is 7-8% higher each month if you delay a year is you don't get a check while waiting. So you are not getting an investment return because there is no money given to you while you wait for benefits. + +A 8% investment return would mean that you had, for example, $1000 and your investment increased 8% and now you have $1080.00. But when you delay your social security a year, you have no base of funds to work with, so there is no real return on your investment in a traditional sense. Your annual return while you wait is $0. You only get a return in twenty years or so. + +Please, call it what it is when you delay Social Security: A increase in your monthly check of 7-8% by delaying your benefits because you did not get any checks the previous year. It is not an annual return! + + +Hi everyone. I have checked my clearscore app this morning and noticed a very dramatic decrease in my credit rating. + +It has gone down by 306?! From 741 to 435. + +I have no outstanding debt, have never missed a payment and have a healthy savings account. I use my credit card a couple of times a year and pay off the amount in full within the same month. + +Upon diving deeper, the reason its gone down is from a hard search by a finance company conducted back in February l when I was applying for finance on a car. I decided back in February to go elsewhere so I didn't take up a loan with the company that conducted the hard search. + +This was back in February so why is it only flagging up now? + +Is this a true representation of what a hard search can do? A 306 decrease in score seems very dramatic for a hard search, especially when you look at my overall financial situation, with no outstanding debts and never missing a payment etc. + +Should i challenge this with ClearScore? +It feels like Iā€™ve been saving for a car for years. I initially started working at 17 (21 now) and could never save enough for a car because of bills, school expenses, food etc because where I live itā€™s considered lower cost of living (which is not that true) so minimum wage is still 7.25. My first job was a fast food restaurant and I would walk miles to and from work to save money but my neighborhood isnā€™t that safe anymore and even then I constantly got harassed more times than I can count. I had to start using cabs and Lyfts to work and at one point I was spending more than I made at a hardware store because of short hours with more days yet was fired for being late too many times because Lyfts would either cancel on me or arrive late. Now im training at a pretty high paying job but since I started on the end of the pay week and itā€™s biweekly, I wonā€™t have a check until the middle of next month. I got a loan for cab fare and I scheduled last night ahead of time to be picked up an hour early, although the job is 16 minutes away, just in case. They came an hour late and I still had to pay partial cab fare. Itā€™s so embarrassing and frustrating being a hardworking person but having to depend on others for transportation, because even used cars are too expensive and people are unreliable in general. I honestly donā€™t know what to do if I get fired because of attendance and I feel hopeless + +Edit: A blessing in disguise happened because they decided to just let me come back with the next orientation class on the 31st. I am supposed to get a small fasfa refund for this semester so hopefully itā€™ll come by then. Thank you all for the encouragement and advice +I've crunched some numbers on Solar Panels, I'm hoping I'm missing something, because they seem a terrible investment, and I really want solar panels... + +&#x200B; + +A few years ago there was a really nice "Feed In Tariff", but that's been replaced with the SEG scheme, which pays about 5p/kWh. + +&#x200B; + +These are the figures I'm working on, based off [Which.co.uk](https://Which.co.uk) and other random websites. + +&#x200B; + +It'll cost approx Ā£7000 to install a 4kWp system (fairly standard for 2020). + +&#x200B; + +If the house has a mostly south facing roof with no shade it'll generate around 3000kWh/year (more in southern England, less in northern). + +&#x200B; + +**Savings:** + +Assuming half that generated electric is used by the house, it'll save 1500 kWh/year at 14p/kWh, worth Ā£210/year. + +&#x200B; + +Assuming the other half of the generated electric is sold to the energy company using the SEG scheme at 5p/kWh, it'll be worth Ā£75/year. + +&#x200B; + +A total saving of Ā£285 year. + +&#x200B; + +**Maintenance:** + +Solar panels are expected to last 20-25 years, but the inverter only lasts about 10 years, and costs around Ā£750 to replace. + +&#x200B; + +Solar panels need cleaning, I'm guessing Ā£50/year for this. + +&#x200B; + +We'll be optimistic and assume nothing else will go wrong, and the panels will last 25 years. + +&#x200B; + +Total maintenance Ā£125/year + +&#x200B; + +**Yearly savings - yearly maintenance = Ā£160**, over the 25 year lifespan of the panels you'll save Ā£4000, but they'll have cost about Ā£7000 to install. + +&#x200B; + +Even if the upcoming government scheme gives a decent contribution to the installation, it's still a pretty poor investment. + +&#x200B; + +Please someone point out where I'm wrong, because I really want solar panels... + +&#x200B; + +**Edit: check the** [**updated calculations**](https://www.reddit.com/r/UKPersonalFinance/comments/hzfxce/are_solar_panels_a_terrible_investment_160year/fzka5h2) **based on southwalesfi's feedback. It's still not a good deal, but it's not directly losing money.** +Long time lurker as an outsider, joined Reddit specifically for this post. Hi everyone and thanks for everything this sub taught me for far! + +Yesterday I bought two different types of tea and coffee, the cheapest possible one for visitors and a slightly nicer one for our own consumption. I was feeling dead smug until I got home and my wife called me an asshole. She also reminded me we arenā€™t exactly receiving many visitors at the present moment. Valid point hun. + +Okay so thatā€™s a minor anecdote of little consequence, but this same attitude is creeping into other aspects of my life. I spend hours agonising over decisions and will regularly deny myself small luxuries I can afford in favour of being frugal. I parked on the outskirts of town the other day to save Ā£1.20 in parking, then ended up getting soaked when it rained as I walked back to the car. I even spent an hour last weekend on a cost-benefit analysis around where to buy petrol. I worked out travelling distance (and thus the fuel cost) vs the cost saving achieved for filling stations in my area to work out whereā€™s most efficient. In case youā€™re wondering itā€™s Tesco as long as I put in at least Ā£42.12... anything less and Iā€™m better off going to Esso. When I then attempted to factor in brakes/tires wear-and-tear, I eventually caught myself and realised how utterly ridiculous Iā€™m becoming. + +Anyone else find themselves thinking about everything from a financial perspective? How have you managed to overcome this? +President Biden is set to announce his aim for 50% electric vehicles by 2030. Yahoo Financeā€™s Rick Newman shares the details. + +### Video Transcript + +AKIKO FUJITA: The Biden administration is setting ambitious targets to reduce the country's carbon footprint, calling for electric vehicles to make up half of all new US car sales by the end of this decade. Some climate activists, though, saying the goal doesn't address the urgency of the crisis. Let's bring in Yahoo Finance's Rick Newman, who is following this story for us. + +And Rick, you know, we're talking about 50% by the end of the decade. And yet, today, EVs only make up about 3% of new car sales. So how realistic is this? + +RICK NEWMAN: It depends on what the government does, honestly. If the industry were just left to itself, I don't think there's any way we would get to 50% of new vehicle market share by 2030. The cars are still more expensive than gas-powered cars. There's still range issues. But the Biden administration plans to do a lot to incentivize people to buy these vehicles. + +So there's going to be billions of dollars for new charging stations. So there will be charging stations, in theory, wherever you might need one. That's in the bipartisan infrastructure bill that's now in Congress. Biden wants about $170 billion in addition to that. He wants new subsidies for anybody buying an electric vehicle, electrify school buses. He wants subsidies for building battery plants in the United States and all this kind of stuff. + +So this-- these are the reasons that the auto industry really seems quite happy to go along with this. Because they're going to-- they think they're going to get so much funding from the federal government to help them reach this target. By the way, we should point out to everybody watching, this is a target not a requirement. There's no penalty for any automaker that does not get to 50% of all new vehicle sales being electric by 2030. That's just the goal. + +AKIKO FUJITA: And Rick, you've also got some additional measures here laid out in that plan, including limits on tailpipe emissions. I mean, walk me through how significant of a bump that is. Because we all - there were standards set under the Obama administration. The Trump administration rolled that back. Where do things stand now? + +RICK NEWMAN: We don't know exactly. Because Biden has not yet said what he plans to do on that. I mean, just the very briefest history here, Obama, in 2012, raised fuel efficiency standards really aggressively. That would have required about a 5% improvement in fuel economy every year. And then Trump came in, and he slashed that down to about a 1.5% improvement in fuel economy every year. + +Now the reporting is that Biden is going to split the difference basically. He's going to raise fuel economy standards above where Trump left them to what would amount to about 3.7% increase in fuel economy every year. But that- they have not announced that yet. And that takes a long time. That is the-- that's changing a federal regulation, which has to go through months and months of review and things like that. + +And I think one of the things we're probably going to hear the Biden administration say, well, yeah, his guideline for fuel economy is not as aggressive as Obama's was back in 2012. But if we have all these new electric vehicles on the road, that is something that we didn't have really back in 2012. So that should make it easier to reach the 3.7% annual increase, or whatever it turns out to be. But that is down the road still. + +AKIKO FUJITA: OK. Rick Newman, staying on top of the details. Of course, you can read his story on YahooFinance.com as well. Thanks so much for that, Rick. +I only recently just bought a house. I am married and me and my wife bring in 110K before taxes. I recently just sold a partnership business and will be receiving roughly 500k after taxes. My monthly bills with food/gas/power/mortgage/etc are around 3k. We both bring in 6K total a month after taxes. I just want some advice on how to invest. Do I pay off my house? (210K) We are planning on having kids and I want to put some back for there college, but we would also like to retire early. Our only debt is the mortgage. +Wow - TRowe absolutely tanking , under $120 a share which according to my calculations put it at a 4% yield. Too good to pass up or is there something Iā€™m missing ? +Hey guys I know that there has been alot of controversy about the ARK ETFs in the dividend community, they do pay a dividend (so it is relevant to this group) but I just wanted some opinions on what you guys think about holding them in your dividend growth portfolios and do any of you have any first hand experience with them? What is your favorite one? +I was wondering what yā€™allā€™s thoughts were on Proctor and Gamble. They have a $ 3.48 annual dividend and the yield is about 2.6%. The stock right now is $134.12 and I was wondering what a good buy in point would be. Based on what I have looked at, this seems like a pretty good point to buy in at, and they have so many different brands that they also seem pretty recession proof. +Hey guys I know that there has been alot of controversy about the ARK ETFs in the dividend community, they do pay a dividend (so it is relevant to this group) but I just wanted some opinions on what you guys think about holding them in your dividend growth portfolios and do any of you have any first hand experience with them? What is your favorite one? +There was a post recently on ā€œUSā€œPF with money saving tips when moving home. Iā€™d be keen to hear any helpful money-saving suggestions with regard to moving home in the UK. I donā€™t mean tips on how to get a better mortgage, cheap surveyors etc., though those are welcome too. +Genuine question. Every response I've seen to a post/question on here seems to be encouraging people to save literally every spare penny, increase pension contributions, invest in ISAs etc etc. I've just finished reading a post in which a UKPFer was asking for advice on what to do with the Ā£500 or so he'll have spare each month after expenses. The most upvoted response? Someone advising the OP to put the lot into savings/investments of some sort. Really? That, to me, sounds like awful advice. Put a bit away, but for the love of God leave enough for a few things you enjoy. If you don't, what's the point? + +Is the collective ideal really to save your life away from the ages 18-65 just so you have a decent pot for a retirement you may not even be around to enjoy? + +I personally spend around Ā£500 per month (earn roughly Ā£1650 pm*) on stuff I enjoy; be that drinking, gambling, weekends away, playing sports, buying clothes - am I doing it all wrong simply because I'm enjoying myself? + +*Expenses ~Ā£700, Save ~Ā£350 + +Edit: Some context: I'm 24, single, renting, no debt, 4 month emergency fund, currently saving enough to hopefully be able to put 20-25k down on a house within the next 3-4 years. Sure, I could save more, put a larger deposit down or buy a bit sooner, but why? I'd be sacrificing things I enjoy doing and that, to me, seems a much more slippery road to take. + +Also, I should have made clear in my original message that I'm referring to posts in which someone is asking for advice on what to do with spare cash or income. Obviously if someone has high-interest or substantial debt, it's in their best interest to commit most of what they can spare to get it paid off as quickly as possible. +I'm looking for some advice. + +Basically, I ordered a couple of sofas from DFS five months ago and was given an expected delivery time of 12 weeks. Since then they have changed the expected date several times, always the day before it was due. The balance has been paid in full. + +I don't really want to cancel, mainly because DFS had a sale on at the time and I know other sofa manufacturers would have a long lead time as well. I'm just pissed off at them changing the due date so many times. + +If I phone them and say give me a confirmed date or I will cancel, will they laugh at me? +Hello there, I've been using T212 for buying penny stocks. But there's no way to sort stocks by price on their platform. So I've exported all the stocks they have on the platform then filtered them by country and sorted them by price. I used this list to find some stocks that weren't discussed here before. + +The list was exported on Saturday when markets are closed, so the prices specified are from January 16, 2021. Usually, I export this data once in 2-3 days so let me know if you are interested in seeing more posts like this. + +|Ticker|Current Price| +|:-|:-| +|SUME|1.0| +|NAOV|0.9901| +|MBRX|0.9809| +|ZOM|0.9751| +|ARTL|0.9702| +|MUX|0.96| +|PXS|0.958| +|COGNY|0.9532| +|NTRP|0.95| +|SCON|0.95| +|GLGI|0.94338| +|NANX|0.94126| +|OGEN|0.9205| +|TNXP|0.9136| +|IFMK|0.9104| +|NBY|0.9102| +|ZN|0.9053| +|GTMAY|0.90298| +|STAF|0.8908| +|WSTL|0.88| +|GSAT|0.8749| +|CCOM|0.8724| +|AZRX|0.871| +|ZSAN|0.87| +|SONM|0.8688| +|CLSN|0.8592| +|DSGT|0.84| +|BIOL|0.8348| +|CIDM|0.83| +|PURE|0.83| +|RETO|0.8294| +|XELA|0.8287| +|ONTX|0.824| +|SYN|0.8204| +|SHIP|0.82| +|INBP|0.811| +|MKD|0.81| +|REED|0.8066| +|MRMD|0.80543| +|SCTC|0.8048| +|3USSl|0.8| +|SDPI|0.7959| +|NEOS|0.7841| +|HHT|0.7821| +|DNN|0.78| +|PTN|0.776| +|ADMP|0.7739| +|RIBT|0.7726| +|INTEQ|0.73628| +|MEEC|0.7327| +|HLIX|0.7326| +|GEN|0.7255| +|SNDL|0.7136| +|UAMY|0.7101| +|DYNR|0.71| +|PLPRF|0.7087| +|USWS|0.6948| +|LKCO|0.69| +|NLST|0.68745| +|CPHI|0.676| +|SHRMF|0.6618| +|SVBL|0.65905| +|INUV|0.6536| +|XPL|0.6526| +|IONI|0.6508| +|AUMN|0.6444| +|CVSI|0.6309| +|GHSI|0.6283| +|ECIA|0.6218| +|LBTI|0.62093| +|TSSI|0.62| +|IVFH|0.6116| +|TEUM|0.6113| +|ADXS|0.6101| +|NSPR|0.605| +|ACST|0.6044| +|INRD|0.60239| +|RYES|0.6008| +|STLY|0.5943| +|ASRT|0.5901| +|SXTC|0.5801| +|ITP|0.5783| +|OIBRQ|0.5717| +|BMMJ|0.55117| +|STMH|0.52931| +|MTL/P|0.5225| +|NAK|0.521| +|BUKS|0.5208| +|GTE|0.5132| +|GMVD|0.5018| +|MACE|0.5008| +|FRAN|0.5| +|PHCG|0.4818| +|NAKD|0.4551| +|FTR|0.4427| +|PRKA|0.44172| +|ADOM|0.43024| +|SMDM|0.4177| +|AMMX|0.401478| +|NVOS|0.40008| +|JSDA|0.39327| +|NROM|0.3927| +|AVHOQ|0.3754| +|DXLG|0.3703| +|SORT|0.3559| +|CTST|0.3501| +|CTRM|0.3355| +|SYCRF|0.33034| +|CNBX|0.32537| +|ABCP|0.32045| +|COUV|0.320009| +|TLRS|0.31089| +|TRTC|0.31043| +|SENR|0.30688| +|PIAC|0.3017| +|CLOK|0.30159| +|CBWTF|0.3002| +|CHHE|0.3| +|ENZN|0.3| +|GFKSY|0.29868| +|DTST|0.29551| +|SDRLF|0.29545| +|FTMR|0.2919| +|YGYI|0.2909| +|TGODF|0.2873| +|HLSPY|0.28031| +|ZXAIY|0.27067| +|ATVK|0.267189| +|RVRA|0.26| +|LONE|0.2504| +|TAT|0.2462| +|NJMC|0.24048| +|MNK|0.2401| +|QMCI|0.23093| +|OTIVF|0.23079| +|PACD|0.23| +|EMGCQ|0.22628| +|DO|0.2203| +|HITIF|0.2129| +|SHRG|0.21023| +|VFRM|0.20013| +|AGOL|0.2| +|HEWA|0.19058| +|INVU|0.18142| +|NAUH|0.17068| +|SPRWF|0.1701| +|MGTI|0.16614| +|BGG|0.1601| +|NNUP|0.15042| +|TAUG|0.1502| +|VVCIF|0.1474| +|SURG|0.14411| +|EXPFF|0.1401| +|SRNA|0.13045| +|VKIN|0.12857| +|HERTF|0.127| +|LUVU|0.12254| +|CBBT|0.12234| +|ESV|0.1206| +|MJARF|0.1201| +|VVUSQ|0.12| +|LQMT|0.1154| +|JCPNQ|0.11509| +|IVST|0.11265| +|INAP|0.11| +|TCLRY|0.10823| +|GPOR|0.1032| +|ADMT|0.10038| +|CRVW|0.10001| +|CLWD|0.09851| +|GRMM|0.07341| +|NEBLQ|0.07265| +|INIS|0.06511| +|TLSS|0.06198| +|XOGAQ|0.06022| +|NUKK|0.06| +|ELTP|0.05562| +|CBL|0.0552| +|SUWN|0.05516| +|TRNX|0.0452| +|PSV|0.0392| +|DWOG|0.03323| +|CBKC|0.030088| +|GAXY|0.0265| +|CHUC|0.014536| +|LLEX|0.0131| +|SSI|0.012| +|HCMC|0.0001| + +Updated list: [https://www.reddit.com/r/T212PennyStocks/comments/lf849x/list\_of\_us\_penny\_stocks\_under\_1\_available\_on/](https://www.reddit.com/r/T212PennyStocks/comments/lf849x/list_of_us_penny_stocks_under_1_available_on/) +Hello there, I've been using T212 for buying penny stocks. But there's no way to sort stocks by price on their platform. So I've exported all the stocks they have on the platform then filtered them by country and sorted them by price. I used this list to find some stocks that weren't discussed here before. + +The list was exported on Saturday when markets are closed, so the prices specified are from January 16, 2021. Usually, I export this data once in 2-3 days so let me know if you are interested in seeing more posts like this. + +|Ticker|Current Price| +|:-|:-| +|SUME|1.0| +|NAOV|0.9901| +|MBRX|0.9809| +|ZOM|0.9751| +|ARTL|0.9702| +|MUX|0.96| +|PXS|0.958| +|COGNY|0.9532| +|NTRP|0.95| +|SCON|0.95| +|GLGI|0.94338| +|NANX|0.94126| +|OGEN|0.9205| +|TNXP|0.9136| +|IFMK|0.9104| +|NBY|0.9102| +|ZN|0.9053| +|GTMAY|0.90298| +|STAF|0.8908| +|WSTL|0.88| +|GSAT|0.8749| +|CCOM|0.8724| +|AZRX|0.871| +|ZSAN|0.87| +|SONM|0.8688| +|CLSN|0.8592| +|DSGT|0.84| +|BIOL|0.8348| +|CIDM|0.83| +|PURE|0.83| +|RETO|0.8294| +|XELA|0.8287| +|ONTX|0.824| +|SYN|0.8204| +|SHIP|0.82| +|INBP|0.811| +|MKD|0.81| +|REED|0.8066| +|MRMD|0.80543| +|SCTC|0.8048| +|3USSl|0.8| +|SDPI|0.7959| +|NEOS|0.7841| +|HHT|0.7821| +|DNN|0.78| +|PTN|0.776| +|ADMP|0.7739| +|RIBT|0.7726| +|INTEQ|0.73628| +|MEEC|0.7327| +|HLIX|0.7326| +|GEN|0.7255| +|SNDL|0.7136| +|UAMY|0.7101| +|DYNR|0.71| +|PLPRF|0.7087| +|USWS|0.6948| +|LKCO|0.69| +|NLST|0.68745| +|CPHI|0.676| +|SHRMF|0.6618| +|SVBL|0.65905| +|INUV|0.6536| +|XPL|0.6526| +|IONI|0.6508| +|AUMN|0.6444| +|CVSI|0.6309| +|GHSI|0.6283| +|ECIA|0.6218| +|LBTI|0.62093| +|TSSI|0.62| +|IVFH|0.6116| +|TEUM|0.6113| +|ADXS|0.6101| +|NSPR|0.605| +|ACST|0.6044| +|INRD|0.60239| +|RYES|0.6008| +|STLY|0.5943| +|ASRT|0.5901| +|SXTC|0.5801| +|ITP|0.5783| +|OIBRQ|0.5717| +|BMMJ|0.55117| +|STMH|0.52931| +|MTL/P|0.5225| +|NAK|0.521| +|BUKS|0.5208| +|GTE|0.5132| +|GMVD|0.5018| +|MACE|0.5008| +|FRAN|0.5| +|PHCG|0.4818| +|NAKD|0.4551| +|FTR|0.4427| +|PRKA|0.44172| +|ADOM|0.43024| +|SMDM|0.4177| +|AMMX|0.401478| +|NVOS|0.40008| +|JSDA|0.39327| +|NROM|0.3927| +|AVHOQ|0.3754| +|DXLG|0.3703| +|SORT|0.3559| +|CTST|0.3501| +|CTRM|0.3355| +|SYCRF|0.33034| +|CNBX|0.32537| +|ABCP|0.32045| +|COUV|0.320009| +|TLRS|0.31089| +|TRTC|0.31043| +|SENR|0.30688| +|PIAC|0.3017| +|CLOK|0.30159| +|CBWTF|0.3002| +|CHHE|0.3| +|ENZN|0.3| +|GFKSY|0.29868| +|DTST|0.29551| +|SDRLF|0.29545| +|FTMR|0.2919| +|YGYI|0.2909| +|TGODF|0.2873| +|HLSPY|0.28031| +|ZXAIY|0.27067| +|ATVK|0.267189| +|RVRA|0.26| +|LONE|0.2504| +|TAT|0.2462| +|NJMC|0.24048| +|MNK|0.2401| +|QMCI|0.23093| +|OTIVF|0.23079| +|PACD|0.23| +|EMGCQ|0.22628| +|DO|0.2203| +|HITIF|0.2129| +|SHRG|0.21023| +|VFRM|0.20013| +|AGOL|0.2| +|HEWA|0.19058| +|INVU|0.18142| +|NAUH|0.17068| +|SPRWF|0.1701| +|MGTI|0.16614| +|BGG|0.1601| +|NNUP|0.15042| +|TAUG|0.1502| +|VVCIF|0.1474| +|SURG|0.14411| +|EXPFF|0.1401| +|SRNA|0.13045| +|VKIN|0.12857| +|HERTF|0.127| +|LUVU|0.12254| +|CBBT|0.12234| +|ESV|0.1206| +|MJARF|0.1201| +|VVUSQ|0.12| +|LQMT|0.1154| +|JCPNQ|0.11509| +|IVST|0.11265| +|INAP|0.11| +|TCLRY|0.10823| +|GPOR|0.1032| +|ADMT|0.10038| +|CRVW|0.10001| +|CLWD|0.09851| +|GRMM|0.07341| +|NEBLQ|0.07265| +|INIS|0.06511| +|TLSS|0.06198| +|XOGAQ|0.06022| +|NUKK|0.06| +|ELTP|0.05562| +|CBL|0.0552| +|SUWN|0.05516| +|TRNX|0.0452| +|PSV|0.0392| +|DWOG|0.03323| +|CBKC|0.030088| +|GAXY|0.0265| +|CHUC|0.014536| +|LLEX|0.0131| +|SSI|0.012| +|HCMC|0.0001| + +Updated list: [https://www.reddit.com/r/T212PennyStocks/comments/lf849x/list\_of\_us\_penny\_stocks\_under\_1\_available\_on/](https://www.reddit.com/r/T212PennyStocks/comments/lf849x/list_of_us_penny_stocks_under_1_available_on/) +I am sitting here trying to understand and rationalize the market rebound and I have come to the conclusion that I have no idea why the market is trending back upwards. Was there something in particular that can be attributed to the turnaround? Just not sure where all the current resilience and market confidence is coming from. + +I have been hesitant ever since it was signaled that there would be an announcement from the White House on how they wanted to ā€œenforce rules around crypto as a matter of national securityā€. Iā€™m sure this announcement will be something close to what India has done with their 30% but there is no way to know. +[https://www.cbsnews.com/news/zoom-app-personal-data-selling-facebook-lawsuit-alleges/](https://www.cbsnews.com/news/zoom-app-personal-data-selling-facebook-lawsuit-alleges/) + +This does not bode well. +Why is nobody talking about how they are diluting? This stock is my biggest position, but it's pretty sad to see the float and S/O going up... + +Archive shows the public float was 313m as of January 22, 2021. Now at 504m. Almost 200m shares added during the time it has been circulating reddit. 250m S/O added.. [https://web.archive.org/web/20210122000641/https://www.marketwatch.com/investing/stock/hitif](https://web.archive.org/web/20210122000641/https://www.marketwatch.com/investing/stock/hitif) + +If no shares were added, given the current market cap, the price should be at \~1.30, instead it is at 0.67. No wonder it doesn't go up despite heaps of good news. + +Dilution seems counter-intuitive of their plan to uplist. Instead of letting the price rise organically, they dilute and then propose a reverse split, which is generally bad for the price of a stock (especially short term). + +They also have unlimited authorized shares, so they can keep diluting as much as they want. + +The dilution is not because of the Meta acquisition. Post acquisition they had 436m S/O. They now have 655m S/O. + +I get that they need money to expand, but 200m shares at \~.65c = $130m. They opened a couple of stores I guess, but ~~each store costs a couple of thousand to open~~ this doesn't justify the dilution. So where's all that money going? They also have been operating at a loss for the majority of their recent quarterly reports. + +I know everyone likes the stock, but I think it's important to stay objective and be wary. + +Anyways, someone tell me why I'm wrong. +The limit for my 2 other credit cards is Ā£200-250 and have had them for a few years. They still refuse to make even a slight increase. And even other banks/companies are hesitant to offer a decent limit. But not Amex... + +Even a couple of years ago, I applied for a Gold Business charge card and they gave it to me with no limit. + +My question is: why? Why are Amex the only ones to do this? And to this extent? It must surely be profitable for them (in the long term at least). So why don't more companies do the same? + +NOTE: It's a credit card, not a charge card. + +UPDATE: + +I'm not planning to ever use up the entire credit limit - not even close. The card is simply to act as a buffer for my monthly salary payments. + +I will always be paying off the entire amount each month, won't be paying a single pound in interest. +Unfortunately I have found out the hard way after a crash, but an FYI Sheila's Wheels have an EXTRA excess of Ā£250-Ā£750 if you are under 25. They DO NOT state at the time of agreeing the insurance that this will be the case, and it is not shown through any 3rd parties such as compare the market or [confused.com](https://confused.com). + +&#x200B; + +It is slyly added to the Terms and Conditions that they send you out once you have already agreed to the insurance, and the even sneakier thing is that it does not show on your account on the online portal until AFTER the 14 day cooling off period. + +&#x200B; + +I then asked the person on the phone if this was stated in the verbal contract I agreed, to which they stated yes, so I asked for a copy and it has been 4 days and that copy still has not arrived.... +I just got a job offer. Monthly take home pay is 1.9k. I'm seeing apartments close to the office (Northwest big city centre) for about 900. I really value independence and space. Should I go for it? +If this has been discussed to death already I am deeply sorry. I was wondering if this forum could help me out. I got into options trading a while ago, particularly based on the approach of selling naked puts (further out than one sigma and delta smaller than 0.1). + +I like this strategy because it is somewhat reasonable and plannable (of course I know that all can go to hell at some point) but selling options with a certain ruleset makes sense to me and lets me choose my level of gambling, so to say. + +Now to buying. I am well aware that there are no get rich quick strategies, but I was wondering if there are any systematic approaches to finding potential options for buying and getting one or the other lucky strike along the way. Or is it all just /r/wallstreetbets anyways when it comes to buying? Do I just have to have a strong opinion / think that i know something others don't and place a bet based on that? + +I have an example (ignore this part of the question if this goes too far of topic): + +LK (Luckin Coffee) might be something one or the other has looked at right now. After selling puts after its last massive dip that have already worked out, I was wondering if I should start gambling against them and buy put options (with Corona and their potential fraud case + the fact that these chinese busineses are, in my opinion, massively overrated anyways). + +Which time frame would be wise to choose for options someone like me has an approach like this. Weeks? A month (I was thinking that) or even further out? + +Anyways, I hope this connected two part question is not too much and I would love to hear your opinions on buying options strategically. +I work in finance and feel pretty knowledgeable on the subject, but maybe Iā€™m missing something. My dad and I have gone through a lot this year. We saw a little 2014 camper trailer at an RV dealership and thought it would be a nice get away tool. They boast about being a smaller establishment, and offering better prices. Like buying a car (which I have a lot of experience with) thereā€™s a stage where we talk to the ā€œsales guyā€. It took this dealership two days to get back to us. There werenā€™t any fancy terms we made. We just applied, and they said theyā€™d call us later. I thought that was strange as they didnā€™t seem busy. Anyways we were prepared to put 10% down. They called me today asking to put 50% down or no bank would lend to us. When I asked about the interest rate if we did, they didnā€™t even have a number for me. I feel like thatā€™s absolutely incorrect, but have also never purchased a camping trailer before. We have great credit. Hardly any debt at all (all of it is long term debt too). So Iā€™m trying to see if Iā€™m being scammed or thereā€™s some other incentive they have, that Iā€™m not seeing. Any info helps. Thanks. +Do any of you guys or girls do that just to be satisfied or whether you have already got plans to use the money at that time? + +(if you do what does that say about your finances) +I must not be the only one lol! +We're currently in Taiwan and have reached FI. We're happy to be here, but I've been reading a lot of posts by people who have reached FI. It's kind of hard and isolating reaching FI during COVID and then moving to a different country. It's very privileged in a lot of ways. + +My husband and I were talking about experiences, struggles, or events that have isolated us from people. I think it's a bit hard to reach FI in your late 30s. A lot of people around my age are busy working and/or raising families. I had a lot of friends in their 60s in the US before I moved. But now I am just friends with a lot of people in the late 20s and early 30s. But I am not a digital nomad and I am living in a capital city where it's weird not to work and be my age. Obviously maybe I should have looked for a hippie small surfing town, but as an expat that comes with its own set of difficulties. + +Maybe it's COVD. But Maybe it's also a bit hard to reach FI in your late 30s without some sort of cohort/friend group who are working on FIRE or FI. What do you all think? +TLDR: it's not really a disruption, it's a necessity for MQG and don't expect other banks to follow suit. + +I'm a member of a financial committee in a bank where the topic of Macquarie's transaction account topic was brought up during broader discussions on our funding position. I saw an article headline not too long ago that stated MQG is disrupting the banking sector with this increase. I want to shed a little more light on the situation. + +Since the start of 2020 two things happened: savings rates went bonkers (mostly into bank deposits) and as is so often discuses on this forum house loan commitments also went bonkers. + +These new loan commitments are funded in part by deposits and in part by (mostly) overseas wholesale funding. If loan commitments is increasing faster than deposits it creates a funding gap which can be plugged by wholesale markers. + +Now, for almost all banks deposits increased much quicker than loan commitments so there is actually a massive surplus of deposits. If I remember correctly all big 4 banks had at least a $20bn drop in the funding gap I mentioned earlier. + +Not MQG... their funding gap increased by $30bn in that same period as their mortgage growth was much faster than deposit growth. This is fine at a time when the wholesale funding market is on fire. More recently the market has dried up and its becoming increasingly more difficult and expensive to get wholesale funding. + +This has put MQG in a difficult position and is forcing them to increase their rates in a desperate move to bring deposits into their bank to replace wholesale funding. This is not desirable because it eats into their Net Interest Margins. + +Given other banks have a surplus of deposits, don't expect them to increase their transaction account rates in face of this "disruption". In fact, once MQG has neutralised their funding problem you're more likely to see their rates drop back to normal levels in line with industry. + +PS: the only other bank that had its funding gap widen was BOQ. The gap was about $6bn, so far less than MQG. +Hey guys, I am a FIFO worker and this has been bugging me for the past two weeks, + +I got a message on LinkedIn from another company asking if I was interested in a 2:1 FIFO supervisors position, the competing company does the same work as mine , however the pay was 80-90k below what I would get on the same roster as a supervisor with my company. + +I know supervisors at my company who do a 2:1 get between 260-270k (Add on another 10% if they do nightshift) on the same roster; the other company was offering an 180k package for everything including nightshift. + +Is it worth replying and explaining that this is actually a very weak offer? OR just ignoring it, the other company has been around for long enough to know how pathetic the offer is. + +Thanks for the insight,Someone very new to LinkedIn +So the cash rate increases, which causes the banks borrowing costs to be higher. Does that mean the banks are paying the RBA more money? + +&#x200B; + +Tried to look up macroeconomics but it got a bit heavy quickly. +A financial influencer had a go at me about why the cost of of financial advice is so high and why there isn't a lower cost alternative. + +I walked the influencer through a simplified model of a small firm and solo operator. I've added more detail for this post. I also said that anyone looking to switch has both opportunity cost and risk of launching a business. Hence, the solo operator figures. + +I did have to cover non-compete agreements and moonlighting under duel roles is frowned upon. As well as the compliance issues it creates for dealer groups. + +Basically, there is great difficulty when someone leaves a secure role on between $100k-140k to launch a start up, especially when considering life staged, capital required and the economy at the moment. + +The example below shows the cost structure, profit margins, revenue targets and client services metrics in an ideal situation. It also addresses the issues of fixed fee vs percentage based fees, along with the number of clients a firm can service. + +The table below contains the cost structure of a 3 person silo and a single operator under a dealer group model who internalises their workloads (advice production). The purpose is for a comparison. + +While it's possible to save money in some areas, they tend to average out. For example, salaries might range from $320k down to $240k depending on the skill, experience and qualifications of the people in the firm. However, they might not have the same level of production output. + +As a side note, due to the remediation work thats been taking place over the last 5 years, talent has been sucked out of advice and into compliance roles which has increased the salaries and reduced the supply of qualified employees. These figures could be verified on Seek. + +The totals at the bottom are the expenses only, $501,500 & $217,000 p.a. + +Most professional services firms have an operating profit margin of between 25% - 40%, which would set the revenue target at between $625,000 & $700,000. + +There is nuance to this point but in summary all business need capital to start and investors would expect to generate a Return on Equity (ROE) that is higher than a liquid diversified portfolio i.e. the stock markets 7-8% p.a. So, it makes sense than someone would say the risk premium, and liquidity premium for investing in a small business is worth 10% each (20% total) at an absolute minimum. + +**Fixed fee vs a percentage based fee** + +The method of how you get there is a sticking point. Fixed fee vs a percentage based fee. I've seen both models work well, and both perform poorly. + +The better firms tend to match the fee structure with the clients goals, preferences, risk profile, product and portfolio. Meaning that the firm becomes indifferent and offers both options. It's a nuanced point. + +Assuming a fixed fee model, then $700,000 is divided by the number of clients a firm can service in a year. Assuming 100 clients, that's an average fee of $7,000 per client. + +Assuming a percentage based model of 1% p.a. $700,000 is divided by 1% to determine the level of funds under management (FUM) so about $70m for revenue, or $50m for costs. An interesting point on this goes back to risk management, the better firms tend to manage the risk in a clients portfolio better because of the relationship between profit targets and their revenues. Terrible firms don't have the same robust risk management frameworks and when markets fall, they feel it. + +**Where do insurance commissions come in?** + +Fair disclosure, the figures above don't factor in insurance yet. In the last few years insurance commissions payments have dropped from 130% upfront down to 66% and ongoing commissions have also fallen due to regulatory changes. So if an insurance premium is $2,000 for life cover, then the commission would be $1,320 ($2,000 x .66). + +At face value it is easer to assume a commission figure like $100,000 p.a. split between 50% upfront and 50% ongoing. Mainly because of how the composition of firms client base can impact the necessary levels of cover and premiums. Let's make a few assumptions to see that commission rates are 66% upfront and 20% ongoing. + +Upfront commissions: $50,000 / .66 = $76,000 in gross premiums, but that's split across 30 clients over a 12 month period. Which means that on average 30 clients pay $2,500 to have Life, TPD, Trauma, IP. + +Ongoing commission: $50,000 / .20 = $250,000 in gross premiums, but it's split over 60 clients, or $4,100 in premiums per client. + +Commissions can create a misaligned incentive structure where people are advised to take out excessive insurance, the wrong types or unnecessary cover. There are rules at dealer groups to stop churning, like 're-brokering' a policy inside 3 years, it normally triggers a manual review and some form of vetting, audit or compliance check. + +**How many clients can a firm service in a year?** + +To charge a fee for personal advice, you must produce a legal document called a Statement ofAdvice (SOA). It can run up to 100 pages in length and takes about 20 hours to produce, give or take. Add to that the marketing, meetings, notes and SOA presentation meeting and implementation that go into it, the whole process can take about 40 hours. + +The amount of time required can be debated a little, but not much, it really does take that long. + +**How many hours are there in a year?** + +Working the standard 38 hour week, thats about 1,900 hours, take out holiday, sick leave, education (CPD) and a little bit of slippage and your at about 1,700 hours p.a.. In a team of three, thats 5,100 hour in total. + +5,100 / 40 hours = 127 clients. + +Taking a grain of salt with this, a firm can service between 100-120 clients p.a. at full capacity and still operate within the law. + +What is the average fee a firm would need to charge across 120 clients to meet their $700k revenue target? + +About $5,800 ($700,000 / 120) or $7,000 ($700,000 / 100) + +**Adjusting the figures** + +Some firms are ruthless with cost cutting and driving efficiency, so they may only have $450,000 in expenses. + +Some firms might only have $600k in revenue, but it's made up of $100k in commissions, $300k fixed fee and $200k in percentage fees. They might have 80 clients or they might have 120 clients. Meaning they might have spare capacity to take on new clients. + +Links + +* AFR - [https://www.afr.com/companies/financial-services/100-000-quit-financial-advice-as-fees-jump-another-8pc-20220418-p5ae5t](https://www.afr.com/companies/financial-services/100-000-quit-financial-advice-as-fees-jump-another-8pc-20220418-p5ae5t) +* ABC - [https://www.abc.net.au/news/2022-04-27/strict-regulations-and-high-fees-turning-customers/13856384?utm\_source=abc\_news\_web&utm\_medium=content\_shared&utm\_campaign=abc\_news\_web&fbclid=IwAR13S8fOcQBfK1LZXwPcZJ9-oQ1vaWtL8cKNZxPOJ4rZv-maocfZcRdH1bM](https://www.abc.net.au/news/2022-04-27/strict-regulations-and-high-fees-turning-customers/13856384?utm_source=abc_news_web&utm_medium=content_shared&utm_campaign=abc_news_web&fbclid=IwAR13S8fOcQBfK1LZXwPcZJ9-oQ1vaWtL8cKNZxPOJ4rZv-maocfZcRdH1bM) +* Adviser Ratings - [https://www.adviserratings.com.au/news/the-changing-face-of-the-australian-adviser-and-their-clients/](https://www.adviserratings.com.au/news/the-changing-face-of-the-australian-adviser-and-their-clients/) + +&#x200B; + +|Licensing costs|Amount (3 person team)|Amount (Solo Operator)| +|:-|:-|:-| +|Authorised Rep Status (Adviser)|$25,000|$25,000| +|Authorised Rep Status (Associate)|$12,000|| +|Insurance (2% of revenue ($700k x 2%))|$14,000|$5,000| +|Software Packages ($7k x 2)|$14,000|$7,000| +|||| +|Salaries (Incl. Super)||| +|Financial Adviser|$140,000|$140,000| +|Associate Adviser / Paraplanner|$110,000|| +|Client Service Manager|$66,000|| +|||| +|Fixed Costs||| +|Office Space ($450 p.a. x 150 sqm)|$67,500|$15,000| +|Office Equ. (IT, Website, Hardware, Stationary)|$30,000|$5,000| +|Marketing / Advertising|$20,000|$20,000| +|||| +|Total|$501,500|$217,000| + +&#x200B; +Edit: thanks for the awards :) + +I swear Iā€™m not being paid to advertise. I have been using the Yahoo Finance website for the last while to keep track of some of my stocks (the ones I canā€™t get through my main broker because TDā€™s way of displaying data is needlessly convoluted). + +I just decided to download the app on IOS and it blew my mind because it put everything in one place. + +It lets you add a list of your favourite tickers so you can see them all on the same page in real time. + +After you create a list by adding your favourite stocks you can click on ā€œlist detailsā€ and there is even a customizable table where you can decide which details you want to see for your stocks (52 week high, day high, day low, volume, avg volume etc). + +It also lists upcoming earnings reports for your favourite stocks. + +And if you scroll down on any page it lists news articles related to the stocks on your list as well. + +Now, instead of doing frequent searches for all the stocks Iā€™m following to get updates I can just sit back and let it all roll in (Iā€™m still going to cross reference for a while because I donā€™t know how accurate they are). + +This is probably a bit random and Iā€™m sure there are more experienced people who will scoff at this but it just made my day. +TAWNF hit $5 in March. Currently running hard as I write this, up to .17. There is a meeting tomorrow about if the government should continue to sponser the airline. + +For a tourism country I'm betting they do what they can to keep it healthy. + +A couple of articles: + +[https://www.aviationpros.com/airlines/news/21221694/thai-airways-still-in-holding-pattern-after-cabinet-meeting](https://www.aviationpros.com/airlines/news/21221694/thai-airways-still-in-holding-pattern-after-cabinet-meeting) + +&#x200B; + +[https://www.bangkokpost.com/business/2109775/thai-union-at-odds-over-survival-plan](https://www.bangkokpost.com/business/2109775/thai-union-at-odds-over-survival-plan) + +&#x200B; + +Meeting will happen overnight so you gotta enter today if you want the lotto ticket, could easily go the other way. Not finincial advice, GLTA. + +Edit: Morning! Looks like they have to hammer out some details. Vote is moved to May 19th. Still the same play for me. But pushed back. + +New with info: https://www.bangkokpost.com/business/2114523/thai-airways-creditors-delay-vote-on-debt-restructuring-plan + +Edit2: 5/14 - Second verse same as the first. Heating up again, and still very confident in the vote. If the restructure doesn't pass creditors will only get about 13% of their money back. Looking good. Not sure how many dips are left in this. + +FinalEdit 5/19 - WELP, everything went as planned except the price and the reaction. There were plenty of times to take profits so hopefully most did. After the $5 spike in march it leveled off to a buck and a half, I don't see any reason it shouldn't get back there for full value, but it might be a while till it does. I'll be holding most of position until then, as I got in early enough I'm still up with feeling it has room to grow. +This is either a psy op or a bunch of idiots parroting and karma farming. + +You're spamming the sub. People are entitled to be fatigued or not fatigued. Zen or not Zen. + +Some people are in a good spot and can hold forever. Some people are not in a good spot and hold out of absolute necessity. + +Yes nice dogs, nice views etc but there are other subs for that and it all comes off as disingenuous as fuck. + +Its always some new fad spamming up the sub. +Race Oncology has released the first of 3 expected announcements due by the end of this quarter. + +The latest one on Pillar 1 can be accessed here - [https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02355446-6A1025371?access\_token=83ff96335c2d45a094df02a206a39ff4](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02355446-6A1025371?access_token=83ff96335c2d45a094df02a206a39ff4) + +It addresses the research that will be done for FTO. For those that do not know, the FTO protein promotes cancer drug and a recent independent study by City Of Hope found that Bisantrene (the drug RAC has) can target and kill this protein. Therefore, RAC are looking to identify how effective this is in trials. Really ground breaking if found to kill FTO, no other drugs on the market can do that. + +Anyways, this is just the start of the journey if they're successful. It still has a lot of risk, but that's why they have the 3 pillar strategy, to hedge against the risk. +**EDIT: I posted my first trade as a new comment below.** + +Hello you degenerate gamblers + +Welcome to week 0 of the Inaugural Rivkin Cup. Hopefully you have all saved up your jobseeker payments from the last fortnight. Thanks for all the feedback on the initial post - I think we're ready to go. /u/Crow91, I have incorporated most of your suggestions, including dropping the $1k limit. Everyone else, I don't want to hear you bitching about how it's easier to make money with money. Although larger amounts gambled will bring down proportional brokerage costs, it will also hurt the losers more and that warms my cockles. Go nuts. + +The final official rules are: + +1. The competition begins Monday 18 May. It will run for 3 months until Saturday 15 August. There will be 3 mini rounds ending on 13 June, 11 July and culminating in a 6 week final round ending on 15 August. +2. All money must stay in the game - once it's out for a week, it's gone. Just fuckin' YOLO. +3. All trades must be readily available to everybody. Nothing which requires margin is allowed, no US options (ASX options are ok). I was actually going to do US options, so this is tragic for me too. No one is stopping you from still using other products and you can post them in the weekly thread, but they won't be counted towards the cup. + +That's it. + +There were some comments in the last thread which showed some confusion about what is expected, so to clear some of that up: + +* You don't have to trade every week. You can buy BBOZ and hold until August (but don't). +* You don't have to trade Monday 10:01am. You can buy on Friday for all I care. From next week I will do a post every Saturday arvo so people can post the previous weeks' trades and updates. + +For what it's worth, I'll likely be playing bank options. + +NB. **This post is only to clarify the rules, and let everyone know we're going ahead. Make your trades, but post them NEXT WEEK (I will post mine below, but just as an FYI). Next week is the first official reporting date.** + +**BONUS STORY - WHAT HAPPENS WHEN OPTIONS EXPIRE ITM?** + +I thought this story would amuse some of you sadistic assholes. I was holding 12 contracts of WBC $15p 14/5s as a hedge coming into last week. On Tursday, I checked the share price at about 1.30pm and it was OTM by 2%, so I figured I was fine. I checked again at 4:05pm and it was still OTM so I considered that the end of it. + +At 7.30am the next morning I got the following email: + +https://preview.redd.it/l8rhvwe1r9z41.png?width=558&format=png&auto=webp&s=8e6554326670c9571ae96797f8db9768760ccbd0 + +So I checked the share price, and sure enough, after-hours WBC had moved down to $14.95, and my puts were now in the money. I had always wondered how this would work, as I always sell them before expiry or let them expire worthless, so I was interested to see how it would play out. I actually thought that Commsec would buy the shares at $14.95, exercise the put at $15 and give me the difference. Of course, this is not what happened at all. + +At 9.01am I get a call from the Commsec options desk. "Hello Mr Ratty-fish, this is some asshole from Commsec. You are short 1,200 WBC shares. You need to buy them by 2pm today." + +I check futures and the ASX is up. WBC opens at $15.15. The price fluctuates between $15.2 and $15.35 for a few hours, and I finally bite the bullet at $15.22. + +https://preview.redd.it/2m6drqdcv9z41.png?width=526&format=png&auto=webp&s=6652ec6a66d153664cdebeb3b6dfe961707f8095 + +And that is the story of how I lost $356.86 on a $200 hedge, thanks to a fucking after-hours drop. Luckily I was only holding 12 contracts, or this could have been rough. +The last post didn't gain as much attention as I hoped, so I'll be returning the original captivating name. You're all welcome. The rules of the game are [here](https://drive.google.com/file/d/1sfJAyX21MpJKpzy2za6kQdQllTk0U-hO/view?usp=sharing). + +&#x200B; + +The second week of formalised reports have come around, and I've just spent nearly 2 hours extensively revising the new [Strategy Guide](https://drive.google.com/file/d/1jeFnQ0nCVRjdqxhYp_mnoKCsoe5DajwJ/view?usp=sharing), catering to those who wish to be more active or passive in this strategy. That reminds me. It is with great pleasure I am 100% confident in the following statement. + +# THIS STRATEGY IS PROFITABLE šŸš€šŸš€šŸš€šŸš€šŸš€ + +\*Disclaimer-I do not invest in this strategy yet-I am not investing in it because I have not got the cash for it-If I had the cash for it, I would invest in it-I am not a financial advisor and this is not a super intelligent financial "strategy" + +&#x200B; + +On top of this new guide, which was translated to legible English instead of whatever the fuck my brain decided to pump out at 1am or something, the [Experiment Spreadsheet](https://drive.google.com/file/d/1Iw6ym-Qbe89u7u7P7TAbHOis-nG0NKk_/view?usp=sharing) has seen a number of expansions and a little reworking. To reduce bias in the results from extreme results, a box plot was introduced, which **STILL ASCERTAINED PROFITS!** + +&#x200B; + +Now, you're probably wondering exactly how effective this strategy is. That comes down to how much brokerage you're spending, which will easily chew your profit margin. If, like me, you use CommSec, I have followed the safe assumption of $30 brokerage ($10 to buy, $20 to sell, regardless of gain or less). + +&#x200B; + +Today is a momentous and grand day for all of us retards. Let us rejoice in the free tendies we find ourselves! + +&#x200B; + +**Edit: See comments for updates. I will now be providing them daily on the thread and continuing to post a new thread weekly.** +Simple explanation in this post about some key charts which show imo that the ASX is setting up very soon ie within a few weeks if not days for a puke (aka panic sell off). + +For people new to markets/trading or who don't know how to read a chart there are clue about what the market is doing which can be used to give us an idea about the future direction of the market and position ourselves accordingly. What you need to know is that markets move in 4 key cycles - being accumulated, marked up, distributed, marked down. After stocks are accumulated they rally, after they are distributed they fall. + +&#x200B; + +https://preview.redd.it/w5lcdasg08i61.png?width=1494&format=png&auto=webp&s=429c2daa7734b6a47d75fe0c38484c1f831e8196 + +This is a chart of the ASX 200 aka the XJO. XJO formed a major low in March 2020 after the coronavirus induced sell off. An important point is that there was clear evidence of distribution throughtout 2019 prior to the sell off. + +Off the March low there was a major rally into early June, where there was a large correction. The market took 4 months to reaccumulate stocks to prepare for another mark up, which happened in November. + +For around a month the market rallied without a single pull back until early December. After that it became encountering supply (supply of shares) and distribution. Distribution is when major shareholders begin actively selling shares. The easiest way to see distribution on a chart is when the stock is going sideways, when attempts to push higher (upthrust) get viciously sold into and end up push it back to bottom of the trading range. Distribution set ups always ultimately end up breaking down and the stock gets marked down/sold off. + +You can see that from December 2020 the XJO began to form what is called a broadening megaphone pattern. This is when price rallies and then falls touching two trend lines which move away from each other forming what looks like a megaphone. + +The important thing to see is that each time the index has hit the same supply line as where the two most significant pull backs happened (in June and December) it has sold off each time. This tells us that the major shareholders in the market (institutions with far more money and stocks that us poor schmucks could ever hope to have) are actively selling each time buyers try to push the price higher. + +There was a sign of weakness in the market over several days in late Jan into 1 Feb. The market hit the demand trend line from the March and November lows and bounced as expected (aka buying the dip). + +This formed the demand trend line of the megaphone. It is very likely that when the sell off occurs it is this megaphone pattern where it will find support/be safe to buy the dip and go long. + +Price levels are important for the market and it remembers it. Based on that the level 6517 which was where the market bounced off the early sell off in Dec, and the one on 1 Feb could be one support. If not there then the other most obvious is somewhere around the 6400-6450 level, this is the part where there was a short pause in the rally in December, and aligns with the bottom of the megaphone. + +There are a couple of key market leaders where you can see the distribution getting set up for a sell off is already taking place. Yes these aren't the stocks of the day on r ask bets like XST, IOU, FFG etc, but trust me - if the broader market falls the spec end of the market cops it just as hard (go look at where all the spec stocks were trading in March 2020 if you don't believe me). + +&#x200B; + +https://preview.redd.it/6i2u5z2o28i61.png?width=1494&format=png&auto=webp&s=83284bb0d4830447110807cd125668898be72f17 + +This is CBA aka Commonwealth bank the biggest stock on the ASX. You can see since December 2020 the stock has formed a distribution pattern which looks very similar to the one in June-Sept where it fell from a peak of $76 to $62. If there is the same price move from this pattern is could fall further from $83 today to $75 across a few weeks. + +&#x200B; + +https://preview.redd.it/4atx4ah158i61.png?width=1494&format=png&auto=webp&s=dd7873f769ce5ed62e2d8c03d2dae6a79724cee1 + +XRO is a key tech market leader and basically the epitome of insanely highly priced tech stocks which the market pays 1000 price earnings multiple for on the basis of "growth". The stock price peaked in December (same point where the XJO began distribution) and has $30 since. Last time the stock fell $30 high amount of volume was seen which we read as buyers stepping up to absorb the selling - which is why it rallied so quickly once it bottomed in May. This time there is very little volume, which means nobody is stepping up to buy the dip, because its being actively distributed. Currently sitting on support, it looks very likely it will break down soon. + +&#x200B; + +https://preview.redd.it/jxpw1pmo68i61.png?width=1494&format=png&auto=webp&s=0e38564fd42e6bd5b99680cbdb80ab4af44eceb9 + +NWH is a mining services firm. Had a large rally off the March low. You can see that from September to November there was an accumulation trading range - the dips got aggressively bought, the right hand of the trading range was constantly pushing up towards of the trading range. Eventually it rallied into December where it began getting distributed. The distribution set up was clear when there was a mini sell off that got bought, but then instantly sold again. The stock then fell over 20% today when its earnings report was released. + +&#x200B; + +https://preview.redd.it/e0saofbz78i61.png?width=1494&format=png&auto=webp&s=b346b7f9b1932b3b2338d8509c8db05627c4c34b + +COL Coles got distributed from middle of November after partially catching the Oct/Nov rally. Weakness clear from mid Jan and was sold into each time it touched the top of the range. Broke the distribution trading range with 2 days of heavy selling on the release of its results . + +I could go on and post another dozen charts showing distribution set ups but you get the idea. Based on my reading of the index the stock market has been setting up to sell off since at least December and we are about to see the panic selling hit the fan into somewhere between 6400-6500 - around a 500 point pullback. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Bought in a week ago in anticipation of their 4E (preliminary annual report), so a warning that I'm quite biased and optimistic. The company looks good in terms of fundamentals but is really unnoticed. Currently trading around 11x P/E looking for any alternative opinions to stop me from going degen gambling like my Z1P bagholds. + +Essentially it was a failed mining company that turned into a debt restructuring company in 2018 operating in Hong Kong. Debt restructuring = helping financially distressed companies and businesses. It's a micro cap stock which is probably the reason it's gone under the radar without much interest. With covid screwing so many businesses and economies, it makes sense for business to improve for CI1. Lots of emphasis on expansion and it's already expanded into Singapore and Australian markets. + +I couldn't find much research out there for the company and the research that I did find was probably biased or not very useful such as their page on [simplywall.st](https://simplywall.st) which compares their 5 year annual earnings to the market when they've only been a debt restructuring company for 2 years (so the 5 years includes the fked up results from their years as a screwed mining company). + +[Doesn't make sense to look at 5 year earnings growth when they've only been a debt restructuring company for 2 years.](https://preview.redd.it/qnwu67ibhvh51.png?width=1064&format=png&auto=webp&s=e2865f7ec692ccb6658ce8e5678aa1ca14733686) + +So having a look myself, they were super under the radar until January this year when they released unaudited profit guidance and later in February when they released their half year report for 2020 with pretty good numbers. + +Profit guidance: + +Full year PAT attributable to CI1 shareholders forecast at around **\~A$2.6m, a 420%** increase over FY 2019. + +And the report highlighted: + +Profit after tax increased by **+355%** to $1.25 million over the previous half year. + +Revenue increased by **+116%** to $6.1 million over the previous half year. + +&#x200B; + +Numbers seemed pretty insane so I looked at previous reports as well. Gathered some numbers. + +https://preview.redd.it/8qgmkhqqpvh51.png?width=932&format=png&auto=webp&s=31cfb1de1a86fc46885106eb069935f9d979945e + +In the past 18 months, Hong Kong has been getting hit hard with anti-gov protests, and also by coronavirus (wave 1 and 2) so it makes sense for debt restructuring businesses like CI1 to be booming. + +They've had some other announcements since the report of huge growth early this year. They've secured a $5 million equity funding facility with LS Whitehall Group, Inc. to secure funding for their expansions, and also negotiated terms that allow them to receive additional funding based on performance of their shares (so incentivises management to do well). The extra negotiation allows them to receive non-dilutive funding as more funding is only received based on good share performance. + +In terms of their expansion, so far they've acquired 60% ownership of Singapore based ICS Funding Pte Limited and also 60% of Hup Hoe Credit Pte Limited, both of which are already profitable. They've also acquired 60% of an Australian debt restructuring company, Chapter Two Holdings Pty Ltd for which they'll only pay around 4x NPAT. + +The Australian acquisition has similar conditions to the 2 Singapore companies, both of which are on track to meet the Profit Guarantee. + +https://preview.redd.it/epnmiu2o0wh51.png?width=699&format=png&auto=webp&s=df71d2a5aa8237b00eff7026d2fe70be3cd539b5 + +&#x200B; + +In addition, they also reaffirmed the profit guidance in June: + +Projected revenue for the year to 30 June 2020 is forecast at around \~A$13.5m (FY 2019: $6m) up **125%** on pcp, and forecast 30 June 2020 NPAT is around \~A$2.6m (FY 2019: $0.5m) a **420%** increase over the prior year. + +&#x200B; + +**Insiders also own a significant part of the company**, many websites say >70% is owned by insiders but not sure how accurate/up-to-date that is. + +[from their investor presentation](https://preview.redd.it/ot5pur1b2wh51.png?width=728&format=png&auto=webp&s=3fad24ad0d0f81f0ce94b23d91f7f59bfbba6d53) + +TLDR/summary: If you cbbs reading, + +\- Debt restructuring insolvency business doing good, trading at a low P/E + +\- Profit guidance of +420% reaffirmed in June šŸŒæšŸŒæšŸŒæ + +\- Insiders own a lot of the shares + +\- The last two prelim annual reports (Appendix 4E) came on the 23/8 for 2018 and 28/8 for 2019 so expecting an announcement in the next few days/next week. + +\- TA below, broke bearish trend today but everyone knows TA is a meme right guys :\^\^\^) + +https://preview.redd.it/2ghukl15xvh51.png?width=1352&format=png&auto=webp&s=4d54ae5dc2ded61158e4e57f8eb9e2f5ebfcad36 + +&#x200B; + +Also just cos I do own the stock and don't really know the rules on DD and don't want ASIC fking my ass for some reason, + +Disclaimer: This is not intended as legal, financial or investment advice and should not be construed or relied on as such. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser. +**EDIT: I posted my first trade as a new comment below.** + +Hello you degenerate gamblers + +Welcome to week 0 of the Inaugural Rivkin Cup. Hopefully you have all saved up your jobseeker payments from the last fortnight. Thanks for all the feedback on the initial post - I think we're ready to go. /u/Crow91, I have incorporated most of your suggestions, including dropping the $1k limit. Everyone else, I don't want to hear you bitching about how it's easier to make money with money. Although larger amounts gambled will bring down proportional brokerage costs, it will also hurt the losers more and that warms my cockles. Go nuts. + +The final official rules are: + +1. The competition begins Monday 18 May. It will run for 3 months until Saturday 15 August. There will be 3 mini rounds ending on 13 June, 11 July and culminating in a 6 week final round ending on 15 August. +2. All money must stay in the game - once it's out for a week, it's gone. Just fuckin' YOLO. +3. All trades must be readily available to everybody. Nothing which requires margin is allowed, no US options (ASX options are ok). I was actually going to do US options, so this is tragic for me too. No one is stopping you from still using other products and you can post them in the weekly thread, but they won't be counted towards the cup. + +That's it. + +There were some comments in the last thread which showed some confusion about what is expected, so to clear some of that up: + +* You don't have to trade every week. You can buy BBOZ and hold until August (but don't). +* You don't have to trade Monday 10:01am. You can buy on Friday for all I care. From next week I will do a post every Saturday arvo so people can post the previous weeks' trades and updates. + +For what it's worth, I'll likely be playing bank options. + +NB. **This post is only to clarify the rules, and let everyone know we're going ahead. Make your trades, but post them NEXT WEEK (I will post mine below, but just as an FYI). Next week is the first official reporting date.** + +**BONUS STORY - WHAT HAPPENS WHEN OPTIONS EXPIRE ITM?** + +I thought this story would amuse some of you sadistic assholes. I was holding 12 contracts of WBC $15p 14/5s as a hedge coming into last week. On Tursday, I checked the share price at about 1.30pm and it was OTM by 2%, so I figured I was fine. I checked again at 4:05pm and it was still OTM so I considered that the end of it. + +At 7.30am the next morning I got the following email: + +https://preview.redd.it/l8rhvwe1r9z41.png?width=558&format=png&auto=webp&s=8e6554326670c9571ae96797f8db9768760ccbd0 + +So I checked the share price, and sure enough, after-hours WBC had moved down to $14.95, and my puts were now in the money. I had always wondered how this would work, as I always sell them before expiry or let them expire worthless, so I was interested to see how it would play out. I actually thought that Commsec would buy the shares at $14.95, exercise the put at $15 and give me the difference. Of course, this is not what happened at all. + +At 9.01am I get a call from the Commsec options desk. "Hello Mr Ratty-fish, this is some asshole from Commsec. You are short 1,200 WBC shares. You need to buy them by 2pm today." + +I check futures and the ASX is up. WBC opens at $15.15. The price fluctuates between $15.2 and $15.35 for a few hours, and I finally bite the bullet at $15.22. + +https://preview.redd.it/2m6drqdcv9z41.png?width=526&format=png&auto=webp&s=6652ec6a66d153664cdebeb3b6dfe961707f8095 + +And that is the story of how I lost $356.86 on a $200 hedge, thanks to a fucking after-hours drop. Luckily I was only holding 12 contracts, or this could have been rough. +Anyone care to share what their bonus numbers were? Wells Fargo is said to have paid [$85k base plus $60-70k bonus](http://dealbreaker.com/2015/08/bonus-watch-15-wells-fargo-junior-bankers/). +I'm basically starting to review company financials for everystock I investigate. + +My first question is regarding AVON [(AVP)](https://www.google.com/finance?q=NYSE%3AAVP&fstype=ii&ei=amU4UdD5MIOvqQGAJw) +If you look at their most recent quarter, their operating income @ 10.7 is really low compared to other years. What does that mean? Unusual expenses are also high... + +The second company is [UBA](https://www.google.ca/finance?q=NYSE%3AUBA&fstype=ii&ei=jVs4UeCGHcSEqQH48wE) +Their net income is only a little less this quarter than last but their earnings available to common are much lower @ 1.58. What should my takeaway be from this observation? + +I have lots of questions about small things that I trip over while fllowing the market all day. If there is anyone with sound financal knowledge in technical and fundamental analysis, please let me know. I'm a quick learner and very involved with the market. + +If anyone wants to discuss stocks and bounce ideas/opinions off each other msg me anytime. +I'm basically starting to review company financials for everystock I investigate. + +My first question is regarding AVON [(AVP)](https://www.google.com/finance?q=NYSE%3AAVP&fstype=ii&ei=amU4UdD5MIOvqQGAJw) +If you look at their most recent quarter, their operating income @ 10.7 is really low compared to other years. What does that mean? Unusual expenses are also high... + +The second company is [UBA](https://www.google.ca/finance?q=NYSE%3AUBA&fstype=ii&ei=jVs4UeCGHcSEqQH48wE) +Their net income is only a little less this quarter than last but their earnings available to common are much lower @ 1.58. What should my takeaway be from this observation? + +I have lots of questions about small things that I trip over while fllowing the market all day. If there is anyone with sound financal knowledge in technical and fundamental analysis, please let me know. I'm a quick learner and very involved with the market. + +If anyone wants to discuss stocks and bounce ideas/opinions off each other msg me anytime. +For instance, a lot of the time these days people complain about how evil Comcast is. What if ever single person who despised Comcast donated $60 (about their share price) to a central, crowd-funded organization who then used the accumulated millions (or billions, if a VERY large amount of people participated) to buy up a majority stake in the company, then used said influence to force Comcast to change their business tactics? Obviously, Comcast is huge, so this most likely wouldn't work at that level. + +What I'm wondering is if there are any laws/regulations in place that would keep this from being able to happen? +Am I being played somehow or is this what smart people do? Why not just use a credit card for everything and pay off the amount spent on the card each month? Are they just relying on people spending more than they have so they can make it back in the form of interest? + +Whatā€™s the smart way to use a credit card? +(LIKE THIS SO THIS BECOMES A TOP POST!) + +I think that if we the people win the AMC war, we should put aside 2% of our profit and try to give back to the less fortunate people(homeless, sick kids) go out and make someoneā€™s day. DO NOT RECORD IT,do not do it because of this post. Do it because we are actual people who care about what hedge funds and WS has done to the general population. + +P.S HOLD THE LINE! +#AMCGANG #APESTOGETHERSTRONG! +So i'm expecting my stim check soon: hasn't come in yet. However i did some grocery shopping for my usual stuff when i noticed i spent way more than I was expecting. + +Then I realized what the problem was: a lot of the items that are routinely on sale that i buy, were not on sale. As a matter of fact: they weren't on sale last week either! + +The cheese i buy, chicken, lunchmeat, bread, they were all either off sale, or reduced. Some I NEVER knew to be "off sale" too! + +I talked with a friend, he informed me at his jobs all the printer ink had price markups done earlier in the week. Same with the chairs and desks. + +It's supply and demand: businesses are SET on soaking up every extra dollar they can till the stimulus shopping runs out. They're taking items off sale since they're anticipating a demand increase later on. So what should we do? + +HOLD. + +Hold on to as much of that money as you can. Sales should resume once the rush dies down and supplies stock back up into surpluses. Our goal till then is to avoid spending where possible. Cut back. I know its tempting to finally get those big things we needed, or eat a little bit better... but if you do it now, your money won't go as far. + +Now's not the time to eat good. Eat as conservatively as you have been prior. That new desk and chair for your work from home job? Wait on it, if you can. Prices aren't gonna come down for a while, sales wont be major. + +Some friends thought they'd compete for our dollars and have better sales: not likely, most companies know once one place sells out, customers will have to come to them next and settle. They're not after the frugal shopper, they're after the impatient ones. The ones who want it now and don't care if they pay more to get it now. + +Anything you can be patient on: be patient on it, might take a month or so, but the sales should return once supplies of merchandise restore themselves. + +Just food for thought before everyone's stimmy checks come in. Good luck everyone, may your money go far! +It's a CP2000 form. I don't understand where this is coming from. All the letter says is that they "received new information" and now I owe them more money. Unless I jumped in a time machine back to 2018 and got a second job then I have no idea what to do. I know I can't time travel but I can't prove them wrong. I can't even pay this. I've tried calling them but they never pick up. What is going to happen to me? +I just want confirm I'm not gonna look dumb and waste seller/realtor time. There is a duplex listed for 275k and needs 80-100k worth of work. Fully done houses in the area that are similar go for 285-310k. I'm thinking of offering 200k after I see the property. Is it worth my time to even do this or should I just skip this house at this point. Any investor experience with mispriced houses? + +I think my logic is reasonable, but wanted to get a second opinion. +Does anyone have experience buying tax foreclosures? Looking for more insight into the cons and why it might not be as good as it sounds / why everyone isnā€™t out doing it. + +I am suspecting the cons are primarily due to unfit buildings (requiring demo that costs more than the raw land value) and timeline to take possession. + +Additionally, from my understanding a tax sale clears all other liens, is this true for all US jurisdictions or does it depend? + +Any help / guidance would be greatly appreciated. +How many of you have really stable jobs ie government, acct, and etc, and you use a moderate to SUBSTANTIAL amount of your income to invest in real estate, but don't plan on quitting your 9-5 until you retire or until your rental income can reliably replace your rat race income? + + +Just for some context, I'm a new homeowner (1 year under my belt) and I rent the other rooms at my house. I'm looking to buy a MF in about a year. + +I know that issues with problem-tenants isn't something that can ever be completely avoided. People can be dumb, lazy or just not care about a house that doesn't belong to them. + +That said, I know that there must be some things within a landlord's control to minimize risk of catastrophe. One of the things I've had in mind are ways you could "dummy-proof" a house. + +Example: I work in HVAC, and its no secret that most people don't change their furnace filters nearly enough. A lot of people who *own* their homes neglect this, and it's even worse with renters. So to mitigate the risk of extra ware on the furnace, if I buy a rental I will 1) change the filter box to house a 4" filter (needs to be changed much less frequently) and 2) I'll require my tenants allow me to do a semi-annual maintenance on the mechanicals of the house. Boom, no chance for the furnace to die prematurely (and less of a chance of a midnight phonecall for no heat). + +I'm still very much in the brainstorming phase, and I'd very much like to hear anyone's thoughts on how to make your rental fool-proof. + +Or similarly, maybe there are things on a prospective rental you see as "too easy to end in catastrophe." Something that a normal home owner might not have an issue with (because they'll take proper care), but that you'd avoid on a rental. Would you see a house with a hot tub out back and turn away immediately, because there are too many things that could go wrong? + +Thank in advance! +I'm not handy and have a full-time job, which provides the income to invest. Many of the properties I am looking at need moderate interior and exterior work (esp. drywall and paint work). + + +I would like to hire others to bring new properties up to par. How did you go about finding a company that you felt you could use regularly? How did you evaluate their pricing? I would like to develop a long-term relationship since I plan on doing lots of little houses and would need their services regularly, but am not sure where to start in figuring that out. +Hi there amazing people, + +I know your time is valuable so Iā€™ll cut to the chase. Iā€™m investing locally in northern NJ so homes are very expensive, but itā€™s a market Iā€™m most familiar with. In September I bought a 4 bed 2 bath multi-family for $390k, and I put 20% down (~$78k). It appraised for $420k under contract. Projected net profit comes to about $500/mo fully rented out. + +I spent about ~$10,000 on relatively light renovations for the walls, floors, and windows (60% contracted, 40% sweat equity). Iā€™m planning to have the second unit ready for tenants by spring. I inherited tenants on the first floor unit and they are great. + +My worry is that I actually wonā€™t have enough equity in the property to recoup most of my capital back to buy the next one anytime soon. I was too excited thinking that I could be getting a house at a $30,000 discount, and I was eager to start applying my knowledge asap. But in reality $390k is only perhaps about 93% of the appraised value of $420k (before my upgrades). + +What do you guys think are my options at this point? Is refinancing still possible by the time spring comes? How much will it hurt my cash flow on refinance? Thanks in advance! +Hi, +I'm looking for some reality tv shows to get some ideas on how to start investing in real estate. +I'm not in the position to buy anything right now,but i'm planning it ahead to do it in the future. +i don't want my first purchase to be a home which is only a liability. + +I want to purchase investment properties but i'm very novice and i'm still a college student. + +got some small savings but big dreams. + +Would appreciate your advice. +Curious because I really want to get into real estate but don't have the money or skills for a full flip myself. Is it possible to buy part ownership in a rental or retail space? Would like something more connected than just REITs. +Hello all, long time lurker. I am heavily considering turning my current home into a rental property. Background story: Purchased for $135k in 2013 and still have $120k left on the loan. I had a realtor pull comps in my area and similar homes (3 br/1 bath bungalows) have recently sold for $185-210k. He also provided that the rent/month for similar houses is $1,600 (+/- $100). My mortgage is $900/month. My wife wants to move, but I do not want to cash out, I prefer to keep this home and rent it out based on the cash flow I think I can generate monthly: + +Rent $1,600 +Mortgage (Principal, Interest, Property Taxes, Trash) ($900) +Repairs + Maintenance ($120) +Capex ($80) +1/2 Unleased Month (avg per month) ($67) +Rental Income Tax ($87) +**Monthly Net Income/Cash Flow** **$366** + +I would not include any utilities, but would have Spring/Fall cleanup done on the yard. + +Is this really a no-brainer as it seems? I plan on moving within the community and would handle all issues that would arise myself. Are my assumptions far off or are they reasonable? +Can't figure out how to unload my investment flip. We've done drastic price decreases and have had one showing, but the buyers are just getting started on their search so wants to wait. Just paid for a water leak to be fixed, and just found out that the furnace fuse has gone out which means more money to fix a house that I will likely earn nothing on, and probably lose a lot more. This property is costing me over $5K per month in interest and carrying costs. I want to get rid of it and move on considering how much we've had to drop the price. + +Just curious, what does it look like if I were to just default on my hard money loan and just let the lender keep the house? At this point I'm so frustrated that I'm dreaming up ways of getting rid of this property. I won't let this happen, but curious on what it looks like at least. +I was just thinking today with recent gains I've seen, we're only 5 good trades away from being a millionaire. + +For example, I've seen 5x options gains fairly regularly on here for various stocks. If you happen to do that 5 times, you're golden. + +$1k > $5k +$5k > $25k +$25k > $125k +$125k > $625k +$625k > $3.1M + +Obviously we're all unlikely to go all in each time, but it's not all that farfetched to get lucky and have returns like this and I know plenty of people that would just let it ride. + +Anyway was just thinking about this and found it interesting lol. Carry on. +I am looking to understand which stocks or securities I should hold in a scenario where we get high reported inflation and subsequent increase in interest rates during the coming years. I understand this scenario will be bearish for many stocks but I do not wish to short stocks or similar. It would be interesting if you would like to describe your vision for how a gradual increase up to interest rates of 7 % over 5-10 years would affect the most important assets such as housing, commodities, bonds, dividend stocks, growth stocks, and cryptocurrencies. + +Feel free to remark why this scenario is not going to happen, but, in the interest of readers, please try to expand on the high-rate scenario anyway as a theoretical exercise. +Decided to try TurboTax this year, since using Credit Karma was resulting in my mailbox filling up on a weekly basis with loan spam. + +1st attempt: using the free online page, amounts match what I had last year. At the very end I am taken hostage with a "Pay for Deluxe or we won't let you submit, since you have an HSA". There goes an hour of my time. + +2nd attempt: bought their Deluxe for $30 off Costco, start reentering all that on the desktop program. When it gets to state filing, it holds me hostage again to pay *another* $40. My state refund is about $100 tops. I call in customer service and get put on hold for about an hour by a rep who had better things to do (55 mins to be exact). So TurboTax stole about 2-3 hours of my life at this point, ~~and $30 on top since Costco does not refund those keys.~~ + +Meanwhile I put laundry in the drier, vacuum the room a bit, register again on Credit Karma, file the entire thing and submit before finally telling the agent I did not need her help anymore. +I've been in the crypto space for about 4 years now and having experienced the the full market cycle, I want to share some advice for those of you who may be new to the space and open up a dialog for any other experienced players to share their advice as well. + +For the newer folks around here, **build your portfolio's foundation around projects that you believe are solving a real life problems**. I'm not saying you can't save some money for the potential 100x's out there, but back those moonshots up with a foundation of solid projects first. + +Here's why...When the euphoria and excitement of the bull market inevitably comes to end and we find yourself returning to the days of -50%, -75%, -95% from ATHs, you will start to lose faith in those heavy ass bags of shitcoins you've collected. Some of those coins will die, many more will never see their ATHs again. When you watch your portfolio shrivel up like testicles in a cold swimming pool, you'll ask yourself, "What went wrong?" "Was it something I said?" "Will I ever financially recover from this?" You might sell for a huge loss or you may chose to hold those heavy ass bags forever. **But the worst case scenario is that you cut all loses and leave the crypto space only to return to buy at the next ATH**. + +Anyone who's made it through the last few years will tell you, the bear market is the best time for accumulation. You don't get a $5k Bitcoin, $80 ETH, $2 LINK, or $.0001 DOGE in the middle of bull market mania. You get those prices by researching and learning when others have cut their losses and start playing scratch offs instead. Staying focused and remaining confident in your investment decisions will ensure you're still here to pack your bags for dirt cheap and letting everyone else is jump in late to buy your $200k Bitcoin. + +So how do you stay focused and confident in your investments? By finding the real fucking projects out there. + +When things start going down, you want to look at your bags and say "yeah, regardless of the current price, my coins still have a lot more intrinsic value". Maintaining that confidence and excitement in the space and in your projects will keep you involved, researching, and learning about other blockchain projects during the bear market. + +What makes a good project you ask? I don't think there's any one size fits all answer but here's some factors I look for to get you started. + +&#x200B; + +1. **What problem do they claim they are trying to solve?** Does that problem seem like a real problem, or like a problem they invented so they can solve it? Do they actually solve the problem? This on takes a bit of intuition and common sense, trust your gut, be critical, and be impartial. Don't make it something it's not. +2. **Is the token actually needed to solve that problem?** Sometimes a company may be solving a real problem but the coin they created is kind of just a symbolic gesture of this and doesn't actually assist in the solution. The intrinsic value in the token is directly linked to the problem it solves. +3. **Do they have a working product?** I think there are plenty of projects that don't have a product now but will in the future. It doesn't mean they're less valuable, I'm just saying that if a bear market comes and the dev team wallet is down 90%, are they going to stay motivated to deliver on time? That I'm not sure of so I factor that risk into my investment decision. +4. **Is the project still being worked?** Look I get it, not every project is going to be completely fielded and working right this second. Look at the roadmap and see what they have planned. Look for their Github and see if they are actively working it. If you see that's been over 6 months since anyone has worked it, that project might be dead. Join the projects telegram and ask questions about the development. +5. **Do they have meaningful partnerships?** Pretty much every shitcoin out there will have at least a dozen or so partnerships. If you don't know what their "partner" is, look it up to see if it's really any value added. If someone says they patterned with Tesla, look it up to make sure they aren't claiming that Elon tweeting "I like XYZcoin" is a real partnership. +6. **Tokenomics.** This is a broad one so I'll break down some key areas. + +* *Total Supply:* How many coins will ever exist? Does that make sense to you? Does a currency project with an unlimited supply sound like a good idea to you? +* *Circulating Supply:* How many coins are released as of today? If only 10% of coins are distributed so far, I might not be eager to invest because when the new coins are released, they could flood the market and tank the price. I don't always write off a project based on shitty circulating supply, but if the allocation method or incentives don't support it, I'm out. +* *Token Distribution Method & Allocation*: How were the initial tokens distributed. Does it seem fair and trustworthy to you? How do future coins get added and over what time period? +* *Token usage incentives:* Are there incentives for having the coin? Do you get staking reward? Many projects nowadays inject supply to current holders, stakers, liquidity providers etc. This type of incentive may justify a low circulating supply if that's how they plan to distribute the remaining tokens. +* *Marketcap:* Not really a factor in it determining if it's a good project or not but will help you gauge growth potential. + +**Conclusion:** There are dozens of projects out there doing amazing things but there are also hundreds of coins that will ultimately be worthless. If you're starting out with $50, $100, or $1000 now and you're bummed you might not be rich after this bull market ends, please try to take my advice. Having coins that are solving problems and exciting to you will keep you around during the next accumulation phase and then maybe in the next bull market you can cash out and by your lambo. + +But hey, I don't know everything. I welcome those with more experience than me to share their advice for find solid projects as well. + +&#x200B; + +Disclaimer: I chose not to namedrop coins to avoid sounding like a shill or getting up voted or down voted because I did/didn't mention your favorite coin. + +&#x200B; + +**EDIT:** Thank you all for the awards and commentary in the comments. Definitely some good info down there as well, one that I think should be highlighted is the comment by /rndmsecretaccount. + +"It's important to keep reexamining whether your original thesis behind investing in your holdings still holds. One of the worst things to happen is becoming emotionally attached, because it'll cloud your judgement when yellow and red flags start popping along the journey." + +It's good to revisit your original thesis from time to time. If a project is not meeting your expectations anymore, get out. Don't get emotionally attached. +The S&P500 doubled within 5 years up until 2007. I imagine the sentiment must of been bullish, until it wasn't. Was the media predicting a rejection from the 2000's top/ calling a recession? Were the issues with home loans being highlighted like corporate debt is today? + +I'm curious because today economists are calling for growth slow downs and a recession within the next few years, but as we know economists rarely get it right. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 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) + +*gobble gobble'n up those shares* šŸŽƒšŸ¦ƒ + +>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! + +# 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. + +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! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +Iā€™ve been a stock market guy for years. Like most people itā€™s what I was taught and itā€™s what I knew. Invest in stocks and some day you might be able to retire. + +That all completely changed this past year when most of the world was inevitably stuck at home. Now I had heard about Bitcoin but I never really read into it or really even gave it that much thought. + +Living alone I had a whole lot of time on my hands and to pass that time I like to get high sometimes. Well one night I decided to toke up and found myself reading some article on cryptocurrency, the technology and uses surrounding it. + +At the time I wasnā€™t sure if it was the weed making me think this was the coolest thing ever or if the technology actual was this incredible. + +Woke up the next day and started reading more and more. Turns out itā€™s pretty damn incredible. Itā€™s been a few months now and Iā€™m still learning more every day. + +To be able to invest in something like this at what looks like itā€™s beginning stages, something that can truly change the world, Iā€™m in. Iā€™m all in. + +Iā€™ll leave my stock portfolios as they are but any money going forward will be invested in projects I like long term. + +My goal is to retire by the age of 40, that gives me 9 years to make it happen. + +This is all because I decided to smoke one night and stumbled upon a great article. Thanks weed!! + +TLDR: Crypto and weed are tight. +https://www.cnbc.com/2020/09/13/mulan-scores-23point2-million-during-opening-weekend-in-china-.html + +Heading into the weekend, the film's perception with the public had been marred by calls for boycotts and a smattering of poor reviews. + +The studio estimated that around 91% of China's theaters were open over the weekend, the majority of which had a 50% cap on attendance. +I hope this is the right place to get help. My brother in law suggested I try reddit.com for help with trying to recover any amount of money my husband may have used with bitcoin and Google led me to this page. Ive tried my best to figure this out on my own but this bitcoin stuff is confusing and I just get angry and cry. All I want to do is recover any money he may have spent on bitcoin and be done with it. + +My husband died of a heartattack two weeks ago and he was our family's only source of income while I stayed home with our daughter. He was only 37 so his death was very unexpected. While going through our safe I found a ziplock bag with the word bitcoin written on it and a USB thumbdrive inside. There was also a card with a bunch of words written on it and a 5-digit number. + +The thumbdrive has a little screen and two buttons on it. When I plug it in my computer doesnt seem to recognize it. It looks like it wants me to enter a password but I cant seem to get past the first digit. Im hoping the 5 digit number written on the card is his password but its like its missing a button or something. + +I need help getting the bitcoins off of this thumbdrive and then help figuring out how to cash them out. + +Thank you +Sara + +NEW: Hi everyone. Thank you so much for the replies. I thought my post got deleted because my brother in law checked it out after I posted it and it only said [removed]. I had almost lost hope until i decided to check again. Im working through the steps now and will followup once ive made some progress. + +NEW2: With the help of the users in this forum they identified the thumbdrive as a Ledger Nano S and I now have access to my husbands bitcoins ($1500!). My next step is to figure out how to sell them. Thanks for everyones help so far! + +FINAL UPDATE: Ive started the process of setting up a Coinbase account and getting verified. It seems like that is the easiest place to handle the transfer. Ive received a lot of really great youtube videos that should get me through the rest. + +I see a lot of people suggesting I hold onto the bitcoin because the market is down but I'm not in a situation where I have that luxury. The funeral ate into the little savings we had and Im now responsible for all the bills. And to the people who keep saying im doing this for karma, Im not here for your donations so you can keep your karma/bitcoin/whatever. + +Once I've figured out the Coinbase stuff and taken care of his bitcoin, Ill go through the other wallets? on his ledger to see if there are any other bitcoins in them. People have also recommended I visit a few sites on his computer to see if there are any saved logins so I'll do that too at some point. If I run into any issues I know where to come for help! + +One last thing before I go. PLEASE make sure you have a plan in place to handle these kinds of things in case you suffer an accident or pass away. I had almost given up because I didnt know what I was doing and there is nothing simple about bitcoin. Dont leave your loved ones in the same situation as me. Learn from this and protect yourselves. Give your children a big hug too. + +Thanks for sticking with me. +Sara +Currently in all equities (early 40ā€™s) but thinking about adding bonds (via a bond fund like AGG or BND) in addition to my treasury positions given the rates are still high enough. + +1. Not sure if its a good time to get into bonds now or wait until the Fed is done with rate hikes. + +2. Thinking about getting an intermediate maturity date vs short & long + +3. Thoughts on purchasing a bond fund vs an individual intermediate bond? Proā€™s / Conā€™s + +Thanks. +As we all know crypto is bad for government's .The government in Egypt control religion so they banned it and made it Haram + +Source: https://www.egypttoday.com/Article/3/100224/Egypt-s-central-bank-prohibits-issuing-cryptocurrencies-or-carrying-out +I simply want to use my own CSV files to run back tests. I tried so hard to make Zipline work but there are just too many bugs. I could have probably built my own backtesting library in the time it took me to debug Zipline. +I want to create a trade bot that trades Cryptocurrencies; however, I am not sure where I can start. I have been using python for 4 years. Is there a tutorial or youtube video I can look into? +Just found this sub...... very interested in seeing if its viable to invest into algo trading with my current strategies. + +Long story short: I am a discretionary futures trader, mainly ES and CL. Profitable for 6 years straight, learned my methods from 2 great mentors (who have been full time day traders for 30+ years, they are both near 75 years old now... they are both mainly futures traders as well). + +I have certain setups/strategies that repeat regularly through the day or weeks, doesn't work everytime (there is no holy grail) but with proper methodology and trade discipline we make it work out just fine (...over time). + +I know nothing about algo trading, but I have money. I did some google-fu and there are a bunch of "program your algo here with easy 1-2-3 coding" but it seems these sites would simply take the winning algos and use it for themselves. + +If you were once in my shoes, could you please give me some direction? What's the proper play here.... ? Any programmer I hire would obviously be able to replicate and use my system, so is that simply a part of the biz? + +Learn coding myself? + +&#x200B; + +Thank you +Hello there reddit, first of all who am I? I'm a second year physics engineering student that has some experience with machine learning (DNN, DQN..) in pytorch applied to particle physics. + +I have been feeling like a child lately, googling my way through this subject. I've recently putted my hands on the dirt: downloaded some crypto data (because it's free!), added some random indicators from a library I barely know, plug everything in dubious reinforcement learning algorithm, backtested it on an environment that I build in an hour and voilĆ ! Nothing. Because I probably still have much more to learn and I'm still far away from understanding how "this" works. + +The question how is: How do I learn about it? What books do you recommend me internet? + +Thank you for your time reading this post kind stranger :) +Have a great day ā¤ļø +Ive been playing around with a sports betting bot and have had some success. I have however read in the TOS of DraftKings and BetMGM that the use of bots can subject you to forfeiture of all account assets. Has anyone had this happen to them before? If so did they take all your assets or only your winnings? Any insight/advice would be greatly appreciated. +I had an algo that outperformed buying and holding $SPY in backtests, with an excellent sharpe ratio, amazing CAGR, drawdown, etc. even with fees, slippage, and margin interest taken into account. Not an HFT algo. The cumulative returns (compounded) were incredible, in the thousands of percent over just a few years. I tested the shit out of it, spending a few days testing its robustness, verifying results, randomizing time periods, etc. + +I was feeling really good. I was getting excited. I started planning the actual implementation. I was feeling on top of the world. I even started day dreaming about early retirement. + +...then I realized I forgot to take short term capital gains taxes into account. Rekt. +##This is more for my sanity I am writing about how I am going to use Linear Regression, coupled with testing the Intercept and Volume Analysis and Client sentiment in a new automated trading program I am working on. Here is the Psudo code/breakdown of the process. + +* **Pick from a Forex Pair.** +* **Check for a Low Spread (2pt) If above discard it and try again** +* **Check client sentiment, Is Long or Short above 69%... Again, if neither ā€¦ Discard and try again** +* **Download Data for a set period (30 ā€“ 50 lots of 15-minute data)** + + * **Paying close attention to the Traded Volume** + + * **Close Price for each interval** + + * **Time** + + * **(And Other prices)** + +* **Use the Max of the Average True Range for a reasonable basis for a Stop Loss Value.** +* **Feed into a Standard Linear Regression Algorithm.** +* **Saving the results from this for the Slope, Intercept, and Standard Error (Deviation)** +* **Go to making the trade decisionā€¦.** +* **Gather current price and work out how many points away this is from the intercept. (Current Price ā€“ Intercept)** +* **The difference of this should be a positive if the current price is above the Linear Regression line and negative if negative if below.** +* **Check the Standard error for a value of between -2 and 2. If this is close to this we can start checking other things to make a trade decisionā€¦. Otherwise discard it and try again.** +* **IF the price difference is ABOVE 0 AND Client Sentiment is above base level AND the last volume level is less than the average across the time period.** +* **SELL!!** +* **IF the price difference is BELOW 0 AND Client Sentiment is above base level AND the last volume * **level is higher than the average across the time period.** +* **BUY!!** +* **Set the Take Profit/Limit, this is done by taking the price difference and a ā€œGreed Indicator" (between 0 and 1).** +* **Otherwise NO TRADE (This time)** +* **Confirm Trade has been entered OK** +* **Trade is Live** + + + + +##Feedback/Comments and suggestions welcome. As with all my work I will be releasing it for free on Github. Is this something people would be interested in? + +[GitHub](https://github.com/tg12/FAIG-LABS/blob/master/faig_experiment2.py) + +Edit/Update - Been running this for less than 24 hours (Since the open 9PM (GMT)) last night and I am over Ā£1000 in profit. Trade sizes of Ā£1/pt and Margin no more than Ā£5000. All automated. + +I was doing some quick math and trying to figure out if itā€™s more advantageous to sell a put vs buying a stock and selling ITM covered calls. + +For example (using made up numbers): + +AAPL is trading at $125. I can sell a 115 put for .35 or a 115 ITM covered call for 10.35 and let it get called away. Both make my break even price 114.65. + +When I used real numbers the break even price was close enough that itā€™s almost negligible. + +What is the advantage of one or another. Or am I missing something? +&#x200B; + +https://preview.redd.it/wa1dlgmrncf71.jpg?width=984&format=pjpg&auto=webp&s=4fc2e68f5272c53e6ab803633348787edde3de21 + +https://preview.redd.it/1bsjjhmrncf71.jpg?width=976&format=pjpg&auto=webp&s=e6223eecaec51fff56d0033d89e678804180ba03 + +Via Bitcoin Magazine [https://twitter.com/BitcoinMagazine/status/1422877088328134656?s=20](https://twitter.com/BitcoinMagazine/status/1422877088328134656?s=20) + +&#x200B; +SWR- not a new concept here clearly, but I find that my understanding of its actual implementation details get hazy when I try to apply it. Curious on a couple of points that perhaps you all have already addressed. + +1. SWR is supposed to account for inflation, but perhaps this only is in reference to "value loss" of your capital due to inflation, and not the "value loss" of the withdrawal. Especially if retiring early, this would mean that you are actually getting more value out of your early withdrawals than 30 years later, in which case, you'd almost want to increase your SWR over time to have an even withdrawal "value" over your lifetime. Am I looking at this right? +2. Is there not a temptation to "re-snapshot" your saved amount after a 10 or 15 year asset value run-up? I wonder how many people FIREd in 2010 and are now looking at their portfolios and thinking they should re-do that SWR x Basis math. Is this an absolute no-no? I would think so. But, if you're getting later in your life, seems easy to justify cranking it up if your goal is to die with zero. +3. Tax considerations. Maybe more of a FatFIRE centric question where SWRs are potentially hitting non-trivial tax brackets. Are you all modeling how your withdrawals will be taxed? And, over time? Or just saying "I get to take this amount each year and we'll see how much I've got left after uncle sam"? + +Appreciate your insights. +We're redoing our kitchen and master bath. What FAT things should I be looking at that I haven't considered? + +Things we're already looking at: +-Full size wine fridge +-InLine water heater for master bath +-Bigger Wolff range and fridge +-Faucet over the stove + + +I'm in Phoenix, so not looking at heated floors or towel bars. +When the price hit $1,200, they told me I had better get out now. + +When the price fell to $440, they told me that I should have sold. + +Now the price is pushing $700, and I'm in for the long haul--to the moon. Screw you, Mom and Dad. + +**I have no regrets.** +Literally watching the online user ticker, right as earning call ended and the AH price tanked, boom +40k users online. + +HODL the line, the bots and shills are back with vengence! + +and just to add general discussion suddenly got bombarded with "Why don't they care about us, we did everything for them" "We deserve more" "This isn't fair" "i can't do this any more" + +FUCK you bots and shills, this is a dip for ants! + +250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit250charlimit +**This deserves its own post; Original comment by: /u/David_BoBavid** + +This is actually for impending MOASS obfuscation tactics. Master of MOASS strategy coming through. + +Have 1 of the interns just build accounts while the others operate the discouragement efforts. This will happen over time so the accounts look like they joined at the beginning of GME, or somewhere along the way. + +Artificially raise karma to meet sub requirements (Mods, REAL due dilligence: tighten up karma restrictions in a MOASS drill or actual MOASS). + +Move the accounts over to r/Superstonk in waves. + +Don't get all of them banned. Keep them sleeping until true MOASS. Keep them online at all times to provide a false sense of security in numbers. Apes' biggest weakness is pride. + +At live MOASS, throw away all accounts toward panicking the crowd. $300, $500, $800, $1,000, onward, FUD about the dip looks like it is the death of MOASS, too many paperhanders, see this news article, hey you could be a millionaire NOW if you take 50k a share and sell all, look at MY gain porn, etc, etc. + +You see where this is going? Some of those steps have been discussed already, but trust me, they'll need thousands of free, not bought off accounts to really scare the weakest of us as we MOASS. Follow the steps. Watch closely, and don't sell. EVER. If it goes over 10,000,000 or 20,000,000 a share, I will forgive you if you sell a few... + +Please don't be scared by my revealing what's behind the curtain. Be EMPOWERED. Apes together stronk. There will be many contrary voices, but the MOASS ending is a lie. You will be filthy rich when it is over for you. Don't let them off easy. Take what you are owed for years, decades, of back-breaking, depressing, soul-destroying mediocrity and servitude. + +BUY. HOLD. VOTE. šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ +Since there was one hot post yesterday and a bunch of people copying them today, how about we just put all these fake stories in here and avoid spamming the sub with this circle-jerk moon-farming nonsense... :D +Throwaway account. First off, thanks to everyone in this thread for the years of guidance. In my mid-30ā€™s, single, US citizen based abroad, current NW \~$4m fully derived from what is explained below. No home, still rent and live a pretty lean/minimal lifestyle. + +I was fortunate to cash out \~$6m (pre-tax) in crypto in December to lock in some security. To clarify, my job is in crypto and this job granted access to early stage opportunities that profited through both work upside and investment upside. There is still additional upside tied into many of these contracts for the next 1-2 years, fully dependent on market performance though so no guarantee. + +In short, I have absolutely no clue what to do now with this money. All of the funds are currently sitting in my bank account. My idea was to throw most of this into index funds (DCA) and let it compound while living off of future earnings. Truthfully, the current market is making me hesitant and I am getting rapid analysis paralysis. Inflation kills cash, equities are currently a falling knife, real estate is hyper inflated, crypto isā€¦dead :) etc. + +My goal is to keep things simple and beat the market. I am not looking for any more home runs, but I would also not enjoy watching things go backwards. I prefer simple portfolio allocations and minimal headaches, hence the traditional FIRE ETF approach. + +Do I simply just start deploying into ETFs asap and disregard the current slide and urge to time the bottom? Buy real estate for the sake of preserving some of this cash? Looking for any and all guidance. I know the general consensus is to not time the market, but is waiting a few months until we get clarity completely amateur given the inflation eating into this cash sum? + +Thanks in advance. +You are sitting there on your swivel chair in front of the PC, neck slumped forward from years of bad posture, watching your portfolio slowly bleed out for the 100th time. You are browsing coin market cap and see that another fucking dog coin has somehow entered the top 100. This one is called Shiba Inu. You just shake your head and go back to browsing. + +A few weeks later you notice that it's somehow broken into the top 50. "probably nothing" you think, and alt-tab back into Steam. + +Another month goes by. Somehow Shiba just keeps gaining value. You discover an entire subreddit dedicated to the coin. You read some of the comments. "those poor, deluded fools" you think to yourself, sniggering away. You go to sleep knowing that's its only a matter of time before the dump happens. + +A week later the dump does indeed happen. Shiba loses 40% in a matter of hours. You race to the CryptoCurrency subreddit to join the rest of the neckbeards gleefully posting about people losing money. "how could people not know its a scam lmao" you post with cheetos encrusted fingers. + +A few months go by, and Shiba is all but forgotten. But while browsing twitter looking for Cardano's latest hype tweet, you notice that Elon Musk has tweeted a picture of his new dog which looks suspiciously like a Shiba breed. Before you could leave a scathing reply, you notice that Shiba gained 100% in the past hour. Shiba is now in the top 30. + +"What the fuck!" you angrily post in the IOTA subreddit. "How does a meme coin have more value than my precious feeless coin? We have partnerships!" you go to bed in a daze. + +Some time goes by, and then one day you wake up and realize Shiba has been listed on Coinbase overnight. "What kind of people are running Coinbase?" you think to yourself. "if I was the CEO, I would list NANO, doesn't coinbase care about making money?" "Bunch of idiots" + +Shiba is now in the top 20. There is at least 10 posts a day in /r/CryptoCurrency talking about people who have made life changing gains. You downvote every one of them, but still don't invest. + +Shiba gains another 100% over the following 2 days. A bad feeling starts gnawing away inside your brain. "why didn't a invest earlier?" you moan out loud. Your favourite coin, Stellar, is slowly bleeding out while this shitcoin is mooning day by day. That evening, you read a post "if you just invested $1000 few months ago, you would be a millionaire right now". You spend a sleepless night in bed. + +On the bus ride to work next day, you watch Tik Tok videos of 18 year olds driving their lambos and giving investment advice to the seasoned bankers of Wall Street. "All thanks to Shiba" they say with a shit eating grin. Shiba has now passed Doge Coin by market cap. Upon arriving at work, a coworker asks you condescendingly "how's that Vechain invesent going bro? You must have made bank." he claps you on the back and walks away laughing. The secretary at your company overhears this and asks you how to buy Shiba. You give her an incredulous look. "But if Shiba goes to $1, I'll be a millionaire!" She smiles at you expectantly. You manage to choke down your rage and walk away. + +When checking blockfolio while taking a shit on company time, you discover that Shiba has gained another 70% in the past hour. Shiba is now number 6 on coin market cap. Something inside you snaps. You race back home that evening and YOLO 10k into Shib. You get the funds by selling your precious Bitcoin. "it's not like Bitcoin is becoming more and more adopted, its old and slow technology" is your final thought before closing Brave. + +Before you go to sleep, you check your portfolio one last time. Your well researched portfolio consisting of coins which are making a difference in the world is down 10%. Shiba is up another 25%. "so this is what it feels like" you think to yourself. + +That night, in some dark corner of the internet, the 4-5 billionaires who have been manipulating the market and Internet forums these past 6 months check their algorithms and trading bots. Enough new retail investors have FOMO'd in. "time to open the short positions". + +When waking up the next morning, you discover Shiba is down over 50%. Panicking, you search the Internet for answers. It turned out that 3-4 large wallets controlled over 60% of the Shib supply, and they all decided to sell at the same time. Gnashing your teeth, you sell back into bitcoin at a 60% loss. "I'll never touch meme coins again". + +That evening, you notice that a new meme coin called Kisha Inu has entered the top 100.... +Hi there, + +Looking for some advice - I'm currently employed full-time and for the last 3 years, I've earned over Ā£100K, so have to complete a Self Assessment Tax Return. I only have a single source of income through my employer, I have no other income or investments. So self-assessment is basically confirming what they have on my P60. + +For the last couple of years, and it seems from the self-assessment I've just done for 21-22, I owe roughly Ā£2,800 in unpaid tax. Like last year, I'll pay off monthly. + +What I really don't understand is how I'm ending up with a tax bill when I'm PAYE on all my income. I thought it might be that we get medial insurance, however, I've checked with my employer and it's taxed at source (so I don't get a P11D). Am I missing something here? And I suppose a second question, is it worth getting an tax accountant to take a look? +Everybody says negative yield curve is bad but no one explains why the fuck that is. + +Banks borrow money from the Fed, central banks around the world and other entities in the short term market and lend it to people in the long-term market. Also, the interest rates of depositors is determined by short term bond yields while interest rates of borrowers is determined by long term yields. + +Basically the bank borrows money for 1% and lends it to you for 4% and makes money on the 3 percent difference. When the yield curve is zero or negative, banks can't make money by lending money, so they stop lending money. This means less money in the system and credit crunch. If people and businesses can't borrow, the economy can't grow. That's when you start sucking dick for money. + +This also depends on how long the curve remains negative. If it dips for one day and reverses the next day it might be ok but if it is persistently negative, time to start getting worried. + +If you can't get loans you can't buy cars, houses, mail order brides, roll your debt over...etc. That's how it causes recession. Fed can sometimes help by lowering short term rates if they are too high but it has little room to help if short term rates are already at low levels. +I work in construction. The money is good. I make 4K a month and itā€™s allowed me to buy a lot of GME shares. Problem is I work 12 hour work days from Monday to Saturday. And the more I read up on GME the more I feel like a slave in the current economic system that were in. Iā€™ve felt stronger and more confident in myself because of this community. Iā€™m thinking about getting another job with less hours, less pay, but Iā€™ll atleast be happier. + +I want the squeeze to happen. I need it to happen. I donā€™t want to do anything other than trade for a living and help out the community. I trust the dd and I trust that something big is coming. Hope yā€™all have a blessed day, and may the tendies be plentiful + +šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸ™ŒšŸ™ŒšŸ™ŒšŸ™ŒšŸ’ŽšŸ’ŽšŸ’ŽšŸ’ŽšŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ³šŸ³šŸ³šŸ³ + +(Edit) Holy crap!!! Thank you for all the support!!!! I have faith in the dd. May you all live an amazing life + +(Edit2) 1000k UPBOOTS WHAT TF!!!! Thank you guys and thank you all for sharing your struggles. WE ARE IN THIS TOGETHER AND KENNY G!!....... I AINT HEARD NO MF BELL šŸ”” šŸ™ŒšŸ™ŒšŸ’ŽšŸ’ŽšŸ¦šŸ¦šŸš€šŸš€ +A lot of studies can be very misleading. Especially if you just look at them at a surface level without examining whether or not they even apply to you. One such example is the claim that you'll do a lot better by just sticking to total market ETFs because the "studies say so and that retail investors usually underperform unless their money is being managed by someone else (either a passive or active fund)". + +for retail investors: + +1. These studies are looking at *everyone*. From day traders, to swing traders to people who donā€™t know basic tenants such as time in the market beats timing the market. If you donā€™t day trade, if you donā€™t invest only for the short term and donā€™t try to time the market, why would you look at a study where a significant portion of the population is doing exactly that? What about studies that look at just long term investors, who know what the hell they're doing and who aren't constantly trading? +2. These studies are looking at a time period that's not really applicable to today's investors. A lot of communities and tools on the Internet either did not exist 10-15+ years ago or did not yet mature to the same level of sophistication that they're at right now. I don't think it's possible to overestimate how big of a deal the Internet has been in empower retail investors. + +But the "studies" say that 95% professional traders underperform as well. So what makes you think you'll do any better?: + +1. Itā€™s much harder to generate alpha when youā€™re managing 10s of billions of dollars. +2. Fund managers have rules and regulations that theyā€™re forced to follow and many can only allocate a small percentage of their portfolios in their ā€œtop 5 ideasā€ due to risk management policies for example. +3. Many arenā€™t even trying to beat the market but are staying within their own benchmarks theyā€™ve set for their customers, and for this reason theyā€™re mostly doing short term trading. Which means they'll most likely underperform long term oriented portfolios over 10-15+ year periods. + +&#x200B; + +As Warren Buffet said "Investing is the only field in the world where the amateur can very likely do better than the professional. As long as they are self aware that they are in fact amateurs." and "When I was younger I had more ideas than money, now that I'm managing hundreds of billions of. dollars I have more money than ideas." + +Iā€™m not saying that you *shouldnā€™t* invest in index funds at all. Iā€™m just saying that the arguments Iā€™ve read about why you should "just stick to total market index funds, because the studies say you should", seem shallow and may not be applicable to a lot of people in this subreddit or people who take a serious interest in investing. +https://www.youtube.com/watch?v=oua4wzoNo_8&ab_channel=IntenseInvestor + +Our beloved PePe has been an internet sensation for the last decade and a half. I know you guys love your meme/shit coins. Hereā€™s your chance to send PePe on a vacation to the moon.. $DOGE made it, why canā€™t PePe? Letā€™s help get PePe to the moon shall we! + +\#PePeNeedsYourHelp + +Market Cap less than $300k. Only 1 day old. We experienced a massive pump and dump during launch but the project behind the scenes is actually trying to build something beautiful. + +Token Information: + +Binance Smart Chain (No ridiculous $60+ fees) + +Liquidity Is Locked so Rug Pull Proof. Developers and community have been sticking around and working together on the project since launch. If there was a Rug Pull it would have been during the first hours of launch. + +[https://unicrypt.network/amm/pancake/pair/0x56774B78108A2d3747FA86E7762edE0404652fDB](https://unicrypt.network/amm/pancake/pair/0x56774B78108A2d3747FA86E7762edE0404652fDB) + +Chart Current Price:[ https://goswapp-bsc.web.app/0x035f0470755dbb305fb2b4ff775fb7b4ce2354e5](https://goswapp-bsc.web.app/0x035f0470755dbb305fb2b4ff775fb7b4ce2354e5?fbclid=IwAR1Y8-HzHYxhV2-t_AS8jmCCeuDwYqiGrydOscdTMYoyB_4Em2Hs-IxJ_t4) + +Binance Scan + Contract Address: https:[//bscscan.com/token/0x035f0470755dbb305fb2b4ff775fb7b4ce2354e5](https://bscscan.com/token/0x035f0470755dbb305fb2b4ff775fb7b4ce2354e5?fbclid=IwAR0xuNTw9d_VkaTaLHv2XkbrTjjPlhRJXncRNROvqgh185C8QEVobgUsIj4) + +Pancake Swap Address: https:[//exchange.pancakeswap.finance/#/swap?outputCurrency=0x035f0470755dBb305fB2B4Ff775Fb7B4Ce2354E5](https://exchange.pancakeswap.finance/?fbclid=IwAR3oZ5jlXFcHOB9Hy0dSc6HnjdEy1opW5iary7_POfM2PiSFURP7RrmJJT8#/swap?outputCurrency=0x035f0470755dBb305fB2B4Ff775Fb7B4Ce2354E5) + +Always make sure you're trading for Frog. Finance and not CryptoFrog.Finance + +CryptoFrog.Finance ($FROG) Is a project founded last year October but was dropped quickly. Our frog community saw the potential and has since picked up and recreated the project with better Defi/tokenomics. + +Community Links (Come join us! We are active and constantly recruiting tiny tadpoles): + +Reddit: https:/[/reddit.com/r/FrogFinance/](https://reddit.com/r/FrogFinance/) + +Telegram: https://[t.me/FrogFinance ](https://t.me/FrogFinance?fbclid=IwAR238BQ4P7w4pMy0T2A0nk1H0j5Va06ZnZZT4V563i4O6ldT9NbzsL5xshg) + +Discord: https://[discord.gg/REEYvTjN3M ](https://discord.gg/REEYvTjN3M?fbclid=IwAR3PbQ-VRthbXuYaBee4Mi_pppALOBdjVcuZgofJwFKO5iNSVWcojf7SGRI) + +Medium: https://[frog-finance.medium.com](https://frog-finance.medium.com/?fbclid=IwAR0BS48WoYbRBfttRtRZBZQtpRbIUR2rGSWGe2GyhTiiPQiUQnjesOJ778Q) +This beautiful ape [u/Carborundum\_](https://www.reddit.com/u/Carborundum_/) create this post [https://www.reddit.com/r/Superstonk/comments/q8l0u6/etoro\_will\_consider\_transfering\_shares\_if\_enough/](https://www.reddit.com/r/Superstonk/comments/q8l0u6/etoro_will_consider_transfering_shares_if_enough/) + +&#x200B; + +https://preview.redd.it/l99akzv392u71.jpg?width=699&format=pjpg&auto=webp&s=a2fe025e9628052a5b9ce5c2bb154c1d457e5979 + +u/[CharltonnBreezy](https://www.reddit.com/user/CharltonnBreezy/) created the template! + +**HOW TO SEND AN EMAIL TO ETORO** + +* Link to open a ticket + +[https://www.etoro.com/customer-service/](https://www.etoro.com/customer-service/) + +* **Subject** : Transfer my GME shares to the agent Computershare +* **Email template:** + +Hello there. + +I and many others would like the option to transfer our shares to Computer Share via DRS. As a user in your company and a shareholder, I believe it is my legal right to do as I please with the shares I've purchased and for you to hold us in your custodian agreement. I would like to know if there will be a statement by eToro on transferring our purchased shares via DRS? + +Is there anything you can tell me about the possibility of this in the near future? + +If this cannot be done, please state why in writing so that I can seek legal advice as I am serious about my shareholder rights. + +Regards, + +&#x200B; + +https://preview.redd.it/may7jbnr82u71.jpg?width=1011&format=pjpg&auto=webp&s=c71df6656813da29b1946590476daec270a3f482 + +If we have the same impact as the moment of voting in the shareholder meeting we can finish with KG games! + +I'm reposting this because almost nobody saw it. +Background: 35. Give 15% into 401k. No savings. Grew up poor and am bad/undisciplined with money (make it, spend it). I got a raise from 60k to 80k a year ago - thought I would be able to pay down debt, instead I've got in deeper. Realized the problem is not my earnings, its my habits. Would appreciate any feedback on where you would start. + +**Monthly After-tax income:** $4500 | **Jan Spending:** $5020 + +**Essentials** + +* Rent -1012 +* Insurance -132.77 +* Student Loan -165 +* Car Payment -314 (owe 6k) +* Debt Consolidation Service -559.35 (owe 12k) +* Utilities -395.45 (electric, water, trash, gas) +* Medical (Injury Rehab, required for some time) -340 +* CC Payments -313.77 (pay over the min, I owe 4k across 4 cards in addition to debt consolidation listed above) + +**Other Spending** + +* Gym -22.63 +* Charitable -45 +* Amazon Purchase (home goods tru prime) -117.34 +* Gas Station -85.55 +* Other Spending (Home Depot, Autozone, tax service, etc) -503.13 +* Grocery -592.35 +* Restaurants -161.16 +* Education -39 +* Apple Sub -152.76 (stupid/careless. I have cancelled all but $20 here already) +* Clothes -23.67 +* eBay -44.36 + +&#x200B; + +&#x200B; + +&#x200B; + + + +**Update from OP because this thread blew up!** + +Thank you everyone for your feedback! I've taken some of your advice and here's what I've done so far + +* Changed 401K contribution to 5%. This should free up at least $500 to pay off the CC debt with a month +* Refinanced my car from $314 a month (6%) to $160 (3%!). +* Switch insurance companies and knocked $20 off there +* Am going to try and cut my grocery spend at least by half for February and see if I can improve it even further from there +* Naturally I'm going to stop buying all the non-essential stuff listed outside of absolutely necessary things that come up. + +One of my credit cards, which was my first one ever, has a $250 limit. What I'm going to try and do and use that as my budget: I'm to make it my goal to spend under $200 a week on groceries, gas, and all other extra spending - pay the card off each Monday and start again. Keeping to that, I should be able to pay off over a thousand dollars a month in debt. + +Thanks again for your suggestions everyone! +It is going to be our first "home" but obviously not a forever home. We found something less than 8km out of Melbourne CBD in a decent building. It fits the bill for us as a first property 2bedrooms with some facilities. What are some of the things I should know in thos situation? + +The advertised "range" is 300k-340k. Do I just put in an offer at 300k and go from there or should I try even lower? I don't think we have a lot of competition and it's been on the market for 1.5months. It is our first time buying so feeling quite overwhelmed at the moment. + +I have a decent deposit roughly 30% but haven't got pre approvals. I have heard mixed reviews about this with some people saying it is a waste of time. Should I get that done first or just go straight to offer then back to the bank? I'd love to hear any tips you have for us. +Lehman brothers was a critical part of the financial system that, when it went down, caused credit freezes that domino'd into more financial crisis. Due to the nature of their business, it makes sense them blowing up could really domino, but.. + +Evergrande is just a real estate developer. Investors will get screwed, sure, but how can this really cause financial dominos like in 2008? The bears seem really excited about this and keep posting articles and charts about how BLK and other US and international firms are the biggest bagolders. But when I look further into this I see that these firms are hardly exposed. It's pennies in their portfolios and probably less than they'd lose on a bad 1 minute candle in the equity markets. + +They quote the $300b worth of bonds that will be worthless, but that's not that much to the global economy, realistically. More wealth is destroyed on a bad day for $AAPL. Additionally these were junk bonds for a long time. Were not talking triple a mortgage bonds that were "too big to fail" and unsinkable like the titanic. + +This all also assumes that the chinese government will sit on their hands and watch a crisis unfold, when that seems super unlikely. Say what you will about the CCP, but they're not gonna let all their stellar economic growth crumble when they have: +1. More power and political will than the US did to tackle such a crisis +2. The ability to plan their economy to recover from any domino effects unlike more "free market" economies +3. Knowledge of previous global housing crashes/financial crises to draw from + +Maybe I'm an idiot but I just don't see how anybody should think this will cause a serious bear market in the US or elsewhere. Chinese stocks are already beat down hard so I can't see those selling off too much more either. I'm inclined to buy the dip if it keeps dippening into this week. I'm lucky to have increased my cash and entered some shorts last week at least. + +What are your thoughts on this? +Not sure if this is the right place to ask if not let me know and I will take it down. + +I'm 26 years old and have been living week to week with my pay since I've been working. I don't understand or can't grasp the concept of saving money or having emergency money. I've been through bankruptcy and come out the other side but I've still learnt absolutely nothing. I don't know if there's someone I can talk to like an accountant or financial advisor or something like that. If anyone has some tips or anything to help get me going or point me in the right direction it would be greatly appreciated. + +Thanks for your time. +Hi, stupid mistake and kicking myself. + +Forgot to pay a credit card bill. Due yesterday. Noticed today and immediately paid full balance. Never missed a payment before this. + +How bad is this for my credit rating? I won't need to borrow much for 3-4 years, but very annoying. +Spent some time looking at DB's reports / presentation. To understand DB's problem you need to look back at Lehman. Here is Lehman's last report ([https://www.sec.gov/Archives/edgar/data/806085/000110465908045115/a08-18147\_110q.htm](https://www.sec.gov/Archives/edgar/data/806085/000110465908045115/a08-18147_110q.htm)) - if you look at assets / liabilities - their total assets were 639,432 million and total equity was 26,276. In essence levered 24:1. This high leverage means that if just if just 4% of loans goes bad, the bank is wiped out. + +DB has a similar problem. DB's assets are 1.43T euros vs equity of 62.9B euros - levered 22:1. DB has book value of 25 euros per share, yet it 6.9 euro per share. Thats because it is likely they will have lots of losses while unwinding the balance sheet like they are doing now. +Shares are trading at the $4 level in spite of the fact the retailer is continuing to grow its top line, and Custom Closet/Spaces market with plans to double its store count over the next 5 years. (2023 to 2027) + +Shouldn't the stock be trading at least in the 20s? + +Thoughts? + +MWWFAN +That this unregulated market can be completely manipulated all the way to the top...and that perhaps market cap is a very poor measure to compare coins because of this. + +Verge completely fails at what it is supposed to be, a privacy coin. Yet it is sitting on the cusp of becoming a top 10 currency based on market cap. But hereā€™s the thing. No one...and I mean no one that actually cares about privacy would use this coin. + +So what is happening? I think that we have coordinated collusion amongst a few big players trading this worthless coin back and forth driving the price up. And when it is time for them to sell, they will make some money...but nowhere near what the market cap stands at now. Because the truth is no one actually wants this coin for any kind of long term prospects because it is fundamentally a complete failure. + +Iā€™m not sure what the solution to any of this is, but it seems like the more of this kind of stuff happens, the more coins Macafee pumps, the more people collude...the faster we will become a regulated market...and at this point I would almost welcome regulations. +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? +Back when I first got into crypto in 2017 in my naivety I was convinced XRP was going to be the next bitcoin. I told my dad and a friend they had to invest and they both put in around $1000. + +Their investments plummeted and for the last 3 years every time I have mentioned crypto my dad has given me grief over the money he had lost in XRP. + +Today with the XRP pump I was finally able to recover both their investments with some profit ... more profit in fact than they would of got from leaving it in the bank for those 3 years! + +Both my dad and my friend are happy now and I hope I can use this experience to get them onside with bitcoin and ethereum in the future. + +Edit - just to clarify when I say my dad had "given me grief", it was in a joking manner. We have a great relationship and he only put in what he could afford to lose. +Over the last three years I posted two models that attempted to look into the future of Tesla and the correlating price. + +I've updated the sheet to include all the different changes/events that have happened in the last 3 years to come up with a more inclusive (and complete) projection of TSLA thru 2025 based on the latest guidance from the company. To summarize: + +* Tesla is guiding for 500k car units sold in 2018, 1m by 2020 (model reflects a more conservative approach at 80% of guidance). +* Since 3 years ago along with its purchase of Solar City, Tesla has announced new vehicles and products that it will be adding to its catalog. Including Model 3 (mid-size $35k sedan), these are Model Y (mid-size SUV), a Pick Up truck, a Semi Truck, a "Mini Bus", a solar roof, solar panels, battery storage, and a ride sharing business. All of these can be found in Tesla's [Master Plan, Part Deux post](https://www.tesla.com/blog/master-plan-part-deux). +* Tesla is projecting its Energy division to be as large as its car/transportation division, with an S curve growth (i.e. exponential) in the coming months. + +Based on these, I've create a yearly chart of my projected units sold by category, revenue, and expected GM%. Quick note: + +* I'm projecting the Tesla Freight (semi truck) and Bus to be a service model, not one where companies are expected to purchase the truck or bus outright (i.e. Tesla becomes a 3PL provider with fully autonomous trucks). I've modeled these on 100% margin on an expected profit amount that I think they'll be able to draw from each unit on a yearly basis. +* I have no idea what the per-unit price of the storage business extrapolates to, so I attempted to model it based on a % of total business. Don't pay too much attention to the unit figures under the storage business. + +I'm setting a price target of $733 using 2021 figure for revenue of $91.7bn. You can use this same exercise for any of the figures on the model (i.e. if you want to assuming price based on 2025 revenue, you can apply the same math above to arrive at a stock price). I'm assuming the following: + +* 10% EBITDA to Revenue ratio based on guidance from Elon Musk on one of their 2015 earnings calls. I'm using this to remove the assumption that Tesla will forever be in maximum growth mode (i.e. reinvesting all profits back into the company) +* A P/E ratio of 15 +* 20% discount based on risks (Model 3 launch, macro environment, etc.) + +[Click here for the sheet.](https://docs.google.com/spreadsheets/d/1Zs30mjhipex_eIyjRJWiMRlKfmsrPSFNB7wHg4fUJRg/edit?usp=sharing) + +Feedback - GO! +No idea what to flair this as, so I'm going with Discussion for now. If I need to change it, I will. + +I've posted about local/state regulators before, partly because I've been talking with mine since Jan about all the manipulation with GME. But mostly, I've posted about them because I know a state regulator personally. (Mods, feel free to ask for proof if you need it. I don't mind sharing with mods, but he has asked me to keep our relationship private for anonymity purposes) + +I'm on vacation and had a chance to talk a bit with my contact there and, of course, we started in on GME. I brought up the usual things, market manipulation, giant crash coming, etc. Then RH and their shenanigans came up. He said it's really weird because he can't find anything out from his contacts at the SEC. I obviously asked what that meant cuz it seemed a little sketch to me. He said it's not super unusual when they're working on bigger and more serious cases. + + +I don't know what it is, but they're working on a massive investigation into January's shitshow. The reason we won't hear anything is the same reason you don't hear about police investigations; they can't talk about them until they're finished investigating. + +Don't get me wrong, I love the memes shitting on them as much as anyone, but I actually am a little more optimistic about them doing their job and I'm positive that GME was the catalyst for this. + +I also pitched the idea of Ryan Cohen working directly with them (especially since he was in their neighborhood a couple months ago) and he said that is absolutely what has to be going on. + + +Edit: Thanks to u/lionbernd1 for linking [this](https://www.reddit.com/r/Superstonk/comments/oflfs3/foia_appeal_update/?utm_medium=android_app&utm_source=share) post from u/nmorngan81234 about a denied FOIA request +Just a bit of a feel-good Friday post and a bit of my story. + +At the end of 2017 I, then 23F, was in around Ā£8k of debt. Iā€™d had a plan to kill my already large-ish credit card debt before someone threatened to sue me and I had to take out a loan to pay my solicitor (it turned out to be a very expensive tweet). No savings, and I was constantly struggling to live on my Ā£25k salary. + +Fast forward to today. I have Ā£11k towards a deposit and just paid off my last credit card (it was interest free so I wasnā€™t in a rush). Finally free. +I'm wondering how you get to recieve the yield on the bonds? It is through dividend yes, but if you recieve that monthly do you get 1/12 of the total yield of the 1 year treasury 12 times? + +If I buy a 1 year bond etf at 3% yield do I get that 3% indefinitely or is it for one year, then it resets? Or does my yield change on the bond yield at that time, no matter what price I purchased at? + +What is expense and expense ratio? + +Bond etfs are usually a basket of bonds with a set range of dates e.g. 0-1year, 0-6months so how do I determine what the yield for that basket will be, there is no given dividend yield, so how do I determine the yield? + +Many thanks +Iā€™m not exactly the most brand new dividend investor, but Iā€™ve mostly been chasing dividend income rather than some growth, and now that I have a certain amount of income I want to start looking at some growth focused dividends to match the income. Iā€™m looking to retire in about 15ish years. +So basically whatā€™s everyoneā€™s favorite dividend stock, besides of course O? Iā€™ve been looking here and there but I canā€™t make a final decision on which ones I should toss into the portfolio. +I donā€™t mind reits, etfs, or just individual stock suggestions. +I started a custodial account for my child that is currently 1 years old. I created it to start a dividend profile. What dividend stocks do you recommend me choosing for the accountā€¦Currently has $500 from his birthday in there .. +I keep seeing a lot of posts talking SCHD and VTI (Iā€™m holding both) but it seems that ARCC is still a solid choice and has been holding up well in this market. I plan on picking up more but am curious why I havenā€™t seen more recommendations on this one. +Iā€™m not exactly the most brand new dividend investor, but Iā€™ve mostly been chasing dividend income rather than some growth, and now that I have a certain amount of income I want to start looking at some growth focused dividends to match the income. Iā€™m looking to retire in about 15ish years. +So basically whatā€™s everyoneā€™s favorite dividend stock, besides of course O? Iā€™ve been looking here and there but I canā€™t make a final decision on which ones I should toss into the portfolio. +I donā€™t mind reits, etfs, or just individual stock suggestions. +Iā€™m 22 and I am struggling to make a decision and was looking for some Reddit advice. I know this is also a common topic that is discussed but I also want to know what people think about this portfolio setup. + +A Reddit user who goes by vanguardsucks posted about a solid dividend income portfolio. The 4 stocks he recommended are as follows: + +1. DIVO +2. JEPI +3. NUSI +4. QYLD + +I was crunching some numbers and if I had 100 shares of each at a cost of $14817 I would have an annual dividend return of $1100.3184 (this is under the assumption the dividend is stagnant at last months payout). This is a 7.43% return a year not including asset growth or loss. + +Although I can try to make a higher growth portfolio that will bring in higher asset growth I like the idea of monthly income. This could help pay my college debt as well as help me retire early in the future. + +I think what has me hooked on dividend/income investing is the concept of compound interest and how it can exponentially accelerate growth over time. + +Is this something people generally shy away from at a young age or is it personal opinion based off of goals? Any advice helpsšŸ’° + +If I didnā€™t articulate anything correctly or left some info out please lmk + +Edit 1: I already have a decent sized growth portfolio ($7000) but I would stop contributing to that and just let it ride while aggressively contributing to dividend stocks +I started seeing so many misinformed posts about QYLD and dividend investing in generals so this is my replies and my justifications for choosing QYLD and similar ETFs and hope it helps people who are on the fence looking for some directions on how to proceed. Don't really care about what naysayers were saying since I have been doing growth investing for a long time but only started to switch recently. + +The amount of misinformation and FUD spread on this subreddit could be daunting and I am still not sure why some people who are so against dividends are even here ? Maybe feeling insecure about their investment choices and need to shit on people on the other side of the fence to feel better about themselves ? + +Here are the reasons I chose QYLD and other similar investment options: + +* I care about cash flow rather than some growth magic. There was a period where SP 500 didn't grow at all from 2000 - 2013. Growth is speculative and those stocks are only worth as much as the next people who are willing to pay for it. The values are not realized until you sell. +* Tax is a fact of life. Scared of tax ? May as well stop working, stop changing jobs to get pay raise, stop working hard to get promotion, bonus, etc... Tax gonna get you anyway, why bother ??? The point here is learn to live with tax. You can minimize it but not completely eliminate it. And I plan to move to income-tax free states in the future anyway so I will only pay federal income tax, not state income tax. +* Some of the returns from covered call ETFs like QYLD or NUSI are classified as return-of-capital. It will reduce your cost basis but are tax-free until you sell your shares which I never plan to do +* QYLD utilizes a tax straddle strategy that makes it very efficient for tax vs. trading your own options. Read this up: [https://www.globalxetfs.com/content/files/Global-X-Covered-Call-ETF-Tax-Primer.pdf](https://www.globalxetfs.com/content/files/Global-X-Covered-Call-ETF-Tax-Primer.pdf) and be ready to be mind-blown. +* QYLD and similar kinds like JEPI, NUSI are a good hedge against flat & down market. You need it as part of a balanced portfolio. Growth is not indefinitely, stocks will pull back. When it pulls back 30% what will you do ? Eating rice and bean rather than selling stocks at their bottom to meet your income need ? QYLD has been proven through multiple crashes to provide consistent income with consistent range that even some dividend etfs or companies couldn't do. +* The guy who invented 4% rule that FIRE people follow like Bible only studied for 30 years period and the guy apparently doesn't know what he's doing. He made recent comment about increasing the WR to 5% during the period where stocks are the most volatile in history and PE is to the moon. Lots of experienced fund managers have warned about a potential flat market in the next 10 years due to PE ratio right now in the unbelievable territory +* I do have growth vehicle: SCHD, VINIX (SP500), IHDG so I am not worried about growth. I only buy QYLD + JEPI + NUSI enough to meet my income need for FIRE then I start buying only growth or dividend growth etfs, no need to keep buying QYLD after I have sufficient income +* Financial security: you will never know when you lose your jobs, when you can't work anymore, etc.. Having focused on income etfs first and keep doing that till it meets your income needs will give you a mental safety net that you could have never imagined. Try switching your investment and have that 5k checks coming every month. You won't give a fuck about your work, your boss, COVID, etc... I guarantee it. +* QYLD does have its driving force for growth. Selling ATM calls against NASDAQ will get you \~3% per month, QYLD gives you back 1% and the 2% the fund managers will use it to ensure the funds doesn't collapse. QYLD will match NASDAQ returns if NASDAQ only increase at most 2% a month but it will miss the rest of the growth minus 2% monthly if NASDAQ increases beyond 2% such as after a crash, which explains why QYLD recovers much slower. Hence, comparing QYLD vs. NASDAQ is like comparing Apple to Orange, same underlying investments but different return-generating strategy. QYLD recovers much slower in the event of a crash but you can be sure that it will never go to zero unless NASDAQ crashes more often than it grows (which is not possible). However, if you are worried about stagnant values, you can choose funds like JEPI and NUSI which writes out of the money cover calls for lesser income but it comes with some growth prospect. On top of that they are all actively managed so fund managers can intervene and close calls early to make sure you don't miss the growth opportunity. + +So my final advice for fellow dividend investors and like-minded FIRE people is that do your own researches and make your own decisions. Lots of herd mentality here and make sure you choose whatever makes you comfortable with. +**Reason 1:** + +Lately the price is being driven down when the overall market is down. On days that S&P 500 takes a beating, GME is typically driven even lower as a percentage. + +I believe that this is due to SHF margins/collateral issues. If the meat of their portfolio is down they need the price of GME to correlate with the decline to offset their collateral balances. I personally believe that this is due to some of them being on the brink of a margin call or it has already happened and they are preparing for the liquidation. + +**Reason 2:** + +By now everyone on this sub should know that the annual earnings call (March) has always been later in the month. Also, all earnings calls have typically been announced 14-16 days in advance. + +This particular earnings call was announced 10 days in advance which is the time that the SEC requires as a notice for any dividends. Finally, the earnings call was moved up to 3/17 which is also a big day for Papa RC because it his father's birthday. Wall Street is too corrupt to not have people that would provide inside information from SEC if the dividend was in fact reported to the SEC on the 10th day prior to the scheduled earnings call (3/7). They would know and they would try to tank the price to get the last paper hands and to get a lower starting price once the price sky rockets. + +Not financial advice. Just pure speculation. +How do I get my money back? + + +I wait on hold for hours each day, Ticketmaster says I have to talk to my bank to access the money as itā€™s left their system, my bank says that they need Ticketmaster to reissue the money so they can access it. Ticketmaster wonā€™t reissue. + +Help?! +**EDIT** Thanks for everyone's help and advice. I will definitely start tailoring my resume to every place I apply to, and in the meantime, maybe find a therapist who is in my range. For those worrying about my car- it is not $600 because it's a super fancy car and I can't bear to do without it- the minimum is like $280-300 and I choose to pay $600 because I have the money and my payments are totally over in about 6 months. It would not be smart to sell it and then start all over when I'll have paid if off in full by November/December. I should have mentioned this in my OP. I am *not* going to quit and I will try to stick it out as long as possible because as others have said, there's no guarantee of anything happening within the next couple months, and unemployment looks way worse in the long run. I've taken down notes from people's comments, including the book recommendations. I was feeling pretty depressed yesterday but maybe some of the tough love on here has made me feel stronger today. I am going to keep trying to make it work. Thanks again. + +I'm currently employed and receive a steady biweekly paycheck of around $1300. I cannot express how unhappy I am here, and have been applying to others jobs across the country since January. I would say I send in about 10-20 on busy weeks, 30-40 when I really get going. I've gotten zero interviews, no offers, barely any responses except for some rejection letters. I cannot keep going like this. I will seriously lose my mind. Every day I feel like walking off. My shoulders are so tense you could break bricks over them. + +So it's been over 5 months of active application, but over 2 years of serious depression and unhappiness because of my current job. I have about $5k saved up. It's not much at all, I know. I have no debt, my apartment is $500/mo +$100 utilities, car payment is $600/mo, and I spend between $600-$1,000 on my credit card for groceries, clothes, whatever I feel like. + +At this point, my mental health is deteriorating fast and I'm on the verge of crying every single day when I get off work. I want to just quit. But I know that this is so, so reckless and I probably won't last long. Is it even worth it to consider? Do I just suck it up for now? How many people have "just quit" and have it work out? I'm afraid I'll just be unemployed for the next 6 months, or possibly forever, and then what will I do? + +I am so desperate. I want out so badly. I don't know what to do. Someone smarter than me please advise me. +Hey Aus Finance, +So I have spoken with a financial counsellor already to get a better idea. But has anyone declared bankruptcy and was it worthwhile? Did you attempt to negotiate to not have to declare bankruptcy? + +Some basic details about me. I was and have been full time employed for years. Earning 50 to 70k a year. Each job I left for medical reasons thinking it was aggravated by the job, and would go try something else. Never had issues. But Im now unable to work full time and can barely work a day a week at the moment. I'm on Centrelink receiving $750 a fortnight. I am balls deep in debt sitting at around $33k. I have $28k of the debt in a secured car loan against a car. I have $3.1k unsecured loan with the bank and a 2k zippay debt. I have a car worth 23.5k to a car yard (offered already). And a bike worth about $1000. No other possessions of notable value besides maybe a computer. But the bike and the computer are not able to be possessed due to their value and uses. My income is protected too. + +EDIT: thought I'd update before closing Reddit and start fresh tomorrow morning. My current plan of attack for the morning- call the unsecured debt and zippay and see if I can get the repayments deferred temporarily. At the same time, I'm getting the bank to evaluate the car and see if they will allow for a full settlement or part settlement to ensure I can sell the car for the most value as quick as possible. Then organise a repayment plan to get back under control with debts. Then get my health sorted/whilst this is happening get my health sorted, and then hopefully back into full time employment and getting all debts cleared asap +I have signed a contract for a property which had a whole heap of junk, but also 4 caravans and a car. Sale was "as is, including the junk, car and vans", however before going unconditional the owner has removed at least one of the vans. + +Is there anything I can do? + +I'm worried about complaining and the owner withdrawing from the contract. + +I was planning to sell them and or use them. +[https://www.9news.com.au/national/australia-interest-rates-february-2022-decision-inflation-property-grows/f41bb48a-54ae-490f-8bf1-bd0bb57a1d24#:\~:text=Australia's%20interest%20rates%20remain%20on%20hold%20at%20the%20historic%20low,last%20changed%20in%20November%202020](https://www.9news.com.au/national/australia-interest-rates-february-2022-decision-inflation-property-grows/f41bb48a-54ae-490f-8bf1-bd0bb57a1d24#:~:text=Australia's%20interest%20rates%20remain%20on%20hold%20at%20the%20historic%20low,last%20changed%20in%20November%202020). +Over the past year, GME is up 270% and just over the last 3 months, it's up over 70%. It's currently sitting at about $20. Normally, I'd just brush this off as saying GME is following the crazy bull run of 2020, but for a dying company like GameStop (so much so, I thought it was a meme), it's absolutely remarkable to me. + +Does anybody know why this trend is happening to GME? Do you think this trend will continue for the stock long-term? +This crap keeps happening. I have a stop loss at a level, market would close and then open right at my SL, triggering it which is far and then price will magically right away make it to the pre-close levels: https://dl.dropboxusercontent.com/s/w2ay5znc57a9ppl/chrome_2018-05-07_19-08-51.png +That's an hourly chart for XPTUSD. I don't see price doing anything like this on Tradingview. + +What the hell is this? I lost thousands of dollars to this shit. Is there any way to check validity of this price action? Is there even anything I can do legally? +Please include trading time-frames and what your strategy is based on. What is your personal edge and personal curse when it comes to trading? Mine is that i can predict where price will be correctly more often than not, but my entries are ass. I trade channel breakouts on the 2min/5min and roll a dice to measure my SL size (joking) +Title says 200 EMA. I meant **50 EMA** :) + +Note: the data set is only 50 trades over 3 months. I'm currently forward testing with a small account size. + +**tldr;** **42.85% return in 50 trades**. **2% risk, 2:1 RR. It's a winner on paper (on EUR/USD M15).** + +**Overview Of The Strategy** + +This is a simple strategy where you look for long trades above the 50 EMA and short trades below the 50 EMA. Entries are triggered by a MACD crossover. I chose 50 EMA over 200 EMA after finding the 50 EMA saves you from a few losing trades, probably since it's more responsive. + +&#x200B; + +**Actual Back Tested Chart Drawings** + +[https://uk.tradingview.com/chart/auTMbtCQ/](https://uk.tradingview.com/chart/auTMbtCQ/) Couldn't show first 15 trades from July since TradingView stopped showing the charts that far back on M15. The link contents may change, idk how the sharing actually works. + +&#x200B; + +**Parameters** + +EUR/USD (M15) + +50 EMA + +MACD + +&#x200B; + +**Risk Management** + +2% risk per trade + +2:1 risk/reward ratio + +Stop loss is determined in the contents below + +&#x200B; + +**Long Criteria** + +1. Price is above 50 EMA. +2. MACD and its signal line is below 0 (signal line can touch 0 and be valid). +3. Enter on the next candle that causes the MACD to cross the signal line upwards. +4. Stop loss is set to slightly below the swing low of the MACD cycle that crossed over (including pins). Check out the example + +[Cherry picked long example](https://preview.redd.it/qe98ll9ae2t51.png?width=1627&format=png&auto=webp&s=0494febec971ff77e5e43f30610c5f9ec10fd1bb) + +&#x200B; + +**Short Criteria** + +1. Price is below 50 EMA. +2. MACD and its signal line is above 0 (signal line can touch 0 and be valid). +3. Enter on the next candle that causes the MACD to cross the signal line downwards. +4. Stop loss is set to slightly above the swing high of the MACD cycle that crossed over (including pins). + +[Cherry picked short example](https://preview.redd.it/tmshmdbhe2t51.png?width=1627&format=png&auto=webp&s=3967581a5125aee1547bbd0f51db65d3a9851547) + +edit: formatting changes and added exit strategy +So, Long story short. I'm a Quantity Surveyor based in the UK. I know numbers and numbers know me. I dabbled in Forex for about a year and didn't do too badly until I had ulterior commitments. The only social media I use is Instgram and I need to ask. I see CONSTANTLY these accounts of users flashing the cash and saying "join my team" etc. + + +Can someone give me a nice healthy dose of the redpill here as I can't grasp the concept of these places cropping out of no-where. My guess its some form of pyramid scheme? + + +Any advice will be grand. I don't intend to join but I am curious and I am sure a few fellows out there know the score. + + +&#x200B; +Plus500 must be the worst broker iā€™ve ever come across. The spreads are awful, The interface is the worst design ever, on 3 occasions it moved my stop loss down and activated it without the price ever going near it. Overall worst experience ever I recommend never touching it. +I've been studying FX for 3 years, since 15 years old. I'm 18 now and I've seen it all. Technical analysis, Bollinger bands, Ichimoku clouds, Heiken Ashi candles, RSI, MACD trend lines, S/R SMC, ICT, Supply & Demand etc. We have so many traders constantly arguing and battling over what technical analysis is the best, what works and what is quite frankly bs. + +I've studied a great deal of successful traders now, watched hundreds of hours of content and there is this one common trait that is massively overlooked when it comes to the FX world, one trait that is the key to defining a strong edge in the markets, a practice that is simple in concept, but that 90% of traders will not take the time to utilize. + +I'm not afraid to put this out there because most who read this will still not implement it even though it will certainly increase your probabilities of winning to an optimal level. This analysis takes time and dedication to develop. + +What is this analysis I hear you cry? + +**Scenario Analysis** + +For those who do not understand this concept let me explain briefly the role of technical analysis. **Technical analysis seeks to capitalize on non random market data** (patterns, S/R), which is statistically more likely to react in one way than another, providing the trader with an edge. + +The key word here is **statistically**. And herein is where scenario analysis comes in. + +In order to capitalize as traders we have to completely shift our mindset to **think in terms of statistics & probabilities**. The likelihood of something happening must take precedence in our trading decisions. We must only act when we observe something that has happened before a great deal of times. In addition to this, our **historical data must create boundaries for our trading**, it should give us reasons not to enter as much as it gives us reasons to enter. + +Now you might say, that's exactly what back testing is? And that is true, but the few traders that back test only look at how often their strategy gives them a signal to enter and never factor in anything other historical data. Here are some scenario analysis questions that I believe should be implemented into your trading. + + **Trend probability analysis** \- How often does a Monday trend continue through to Wednesday?/ What are the average lengths of a market bias/ How log does a trend last until it crosses the 200MA? + +**Highs & Lows** \- What day does the high of the week typically occur in? / How often is a Wednesday high broken? + +**Profitability analysis** \- What days, times & sessions am I typically profitable in? What is my average drawdown in winning trades? + +**Range analysis** \- What is the typical weekly range of this currency pair? + +These are just a few rough examples, they will differ for everyone's strategy. But the premise here is you must: + +&#x200B; + +1. **Develop scenarios** +2. **Sift through historical data to understand how often these scenarios occur** +3. **Decide how confident you are that one outcome occurs more than the other** (70% and up is a good requirement but the higher the better) +4. **Use the data to create boundaries and outlines for your trading, even if your strategy would give you a signal to enter the market** (E.g. you see a signal to go long on Thursday near a Wednesday high but have seen historically that the market respects the Wednesday high 76% of the time, your signal is thus negated) + +Scenario analysis puts the probabilities on your side, provides you with greater confidence as a trader and an optimal edge for your trading strategy. + +With scenario analysis the more time the more scenarios you test & the greater the timescale for your analysis, the more likely you are to succeed. + +I hope this helps, ask me anything. +Hello Lads, + +Itā€™s been a while since I have posted on this forum. + +Iā€™ve been trading a solid 3 years now and was learning about the market since I was 16 ( currently 20) and have not found my edge yet. I started rereading my old course and watching new videos on how to trade and I just feel like Iā€™m back to step 1. All the effort I had put in the past 4-5 years just evaporated. I am starting to lose hope and really do not know what to do. Need some trader advice. + +Appreciate your help in advance šŸ’Æ +I've been studying FX for 3 years, since 15 years old. I'm 18 now and I've seen it all. Technical analysis, Bollinger bands, Ichimoku clouds, Heiken Ashi candles, RSI, MACD trend lines, S/R SMC, ICT, Supply & Demand etc. We have so many traders constantly arguing and battling over what technical analysis is the best, what works and what is quite frankly bs. + +I've studied a great deal of successful traders now, watched hundreds of hours of content and there is this one common trait that is massively overlooked when it comes to the FX world, one trait that is the key to defining a strong edge in the markets, a practice that is simple in concept, but that 90% of traders will not take the time to utilize. + +I'm not afraid to put this out there because most who read this will still not implement it even though it will certainly increase your probabilities of winning to an optimal level. This analysis takes time and dedication to develop. + +What is this analysis I hear you cry? + +**Scenario Analysis** + +For those who do not understand this concept let me explain briefly the role of technical analysis. **Technical analysis seeks to capitalize on non random market data** (patterns, S/R), which is statistically more likely to react in one way than another, providing the trader with an edge. + +The key word here is **statistically**. And herein is where scenario analysis comes in. + +In order to capitalize as traders we have to completely shift our mindset to **think in terms of statistics & probabilities**. The likelihood of something happening must take precedence in our trading decisions. We must only act when we observe something that has happened before a great deal of times. In addition to this, our **historical data must create boundaries for our trading**, it should give us reasons not to enter as much as it gives us reasons to enter. + +Now you might say, that's exactly what back testing is? And that is true, but the few traders that back test only look at how often their strategy gives them a signal to enter and never factor in anything other historical data. Here are some scenario analysis questions that I believe should be implemented into your trading. + + **Trend probability analysis** \- How often does a Monday trend continue through to Wednesday?/ What are the average lengths of a market bias/ How log does a trend last until it crosses the 200MA? + +**Highs & Lows** \- What day does the high of the week typically occur in? / How often is a Wednesday high broken? + +**Profitability analysis** \- What days, times & sessions am I typically profitable in? What is my average drawdown in winning trades? + +**Range analysis** \- What is the typical weekly range of this currency pair? + +These are just a few rough examples, they will differ for everyone's strategy. But the premise here is you must: + +&#x200B; + +1. **Develop scenarios** +2. **Sift through historical data to understand how often these scenarios occur** +3. **Decide how confident you are that one outcome occurs more than the other** (70% and up is a good requirement but the higher the better) +4. **Use the data to create boundaries and outlines for your trading, even if your strategy would give you a signal to enter the market** (E.g. you see a signal to go long on Thursday near a Wednesday high but have seen historically that the market respects the Wednesday high 76% of the time, your signal is thus negated) + +Scenario analysis puts the probabilities on your side, provides you with greater confidence as a trader and an optimal edge for your trading strategy. + +With scenario analysis the more time the more scenarios you test & the greater the timescale for your analysis, the more likely you are to succeed. + +I hope this helps, ask me anything. +So I post relatively alot on here. I'm new to trading and want to absorb the most information I can to help my become a good trader. Whenever I make a post, I state I'm a noob so people can understand where I'm coming from. This brings alot of scammers my way. Trying to sell me courses. + + They say that if I give them $1,000 they will turn it into $10,000 or even $18,000. Let's say they can do this, why would they need my $1,000? I may not know much about trading but I'm not a complete idiot. + +So to the new traders who might fall for this just dont believe anything. Most courses are a load of rubbish and cant teach you much more than you can learn yourself. + +At the moment I got 2 users trying to scam me and I'm baiting them to see what they would do if I really fell for it. They are, + +Cousinsfxch and davexlr. + +If you hear from them, just block them. Stay safe and good luck trading. +I have come to realize there is learning how to trade and learning how to make money trading. + +I have also realised that I would search for strategies and systems and patterns instead of searching for how the market really works or moves. + +Strategies and Systems are your patterns, indies etc. + +How the market works has led me to very interesting posts on ForexFactory Forums. The likes of CrucialPoint, Copernicus and others who more or less philosophise trading. They ask deep questions. + +I have found so many lenses through which different people look at the markets. Physics, Mathematical, even Astronomy. + +Hurst exponents, Fourier Transformation, Wavelets, Statistics and Probabilities, Bayesian, Planetary cycles, Market Profiles, Volume profiles, Orderflow, Patterns, + +To fundamentals + +Dollar Milk Shake Theory, Petro dollars, Eurodollars, QE, Intermarket Analysis- Currencies ,Equities, Commodities,Bonds , Correlation, + +To Options Volatility, Expected Vol, Put Call ratio, Risk Reversals + +To whatever it is Raja Banks and ICT and Mike Bellafiore to Tom Sosnoff to whoever the hell is in this business is doing. + +I even figured how to get Free Live futures data on a Free platform for 2 weeks trials to check volume on futures to trade forex. Even tried DOM trading. + +You name it, I have seen it! Anyway, I might be just about to blow my account but its been a ride! + +I didn't know whether i was looking for a strategy or to understand the market. + Just turned 18 not too long ago, I've been studying and learned how to use the TDI indicator, and know a tiny bit on how to use the ichimoku indicator, but nothing seems to be working. I am only using demo right now so I don't actually blow my account up and still haven't gotten a strategy that could work at least 20% of the time. What I really hate is that every single person out there wants to sell you something or doesn't actually teach you anything. Is there a person/group/chat/channel/voicechat that can mentor a bit? It's insanely hard to find someone not scamming! I've almost came to the conclusion that there is no way to "get in the know" anymore and just ditch the idea; but then would've wasted all this time studying. +I have come to realize there is learning how to trade and learning how to make money trading. + +I have also realised that I would search for strategies and systems and patterns instead of searching for how the market really works or moves. + +Strategies and Systems are your patterns, indies etc. + +How the market works has led me to very interesting posts on ForexFactory Forums. The likes of CrucialPoint, Copernicus and others who more or less philosophise trading. They ask deep questions. + +I have found so many lenses through which different people look at the markets. Physics, Mathematical, even Astronomy. + +Hurst exponents, Fourier Transformation, Wavelets, Statistics and Probabilities, Bayesian, Planetary cycles, Market Profiles, Volume profiles, Orderflow, Patterns, + +To fundamentals + +Dollar Milk Shake Theory, Petro dollars, Eurodollars, QE, Intermarket Analysis- Currencies ,Equities, Commodities,Bonds , Correlation, + +To Options Volatility, Expected Vol, Put Call ratio, Risk Reversals + +To whatever it is Raja Banks and ICT and Mike Bellafiore to Tom Sosnoff to whoever the hell is in this business is doing. + +I even figured how to get Free Live futures data on a Free platform for 2 weeks trials to check volume on futures to trade forex. Even tried DOM trading. + +You name it, I have seen it! Anyway, I might be just about to blow my account but its been a ride! + +I didn't know whether i was looking for a strategy or to understand the market. +As the title says, I've started automating strategies (made in MetaTrader5) for a acquaintance of mine some months ago, I'm a programmer (mostly back-end) and have never been interested in the market.I'm in the fourth year of High-school, have only coded games and simulations (3-4 years of experience) and it's my first work: I, knowing that initially would be getting a very low amount but that it would get substantial in the long run (somewhere like 800 EUR per month after a year), accepted to get paid on the monthly growth of the balance after it hit a certain threshold.Weeks passed and when the first iteration of the program was ready (in mid-summer), after a month of demo, we went live and he, accordingly to our deal, put the initial amount.All was going well and I started making changes: came lastly to the fifth version, hugely more risk-free and profitable than the first instalment (he decided to continue using the second version of the code on the live account because that was the last version where he made all the logic, he didn't feel okay in giving the money in the hand of an algorithm thought by a 17 years old student, I can understand that).The problem is that he, feeling probably a god-of-the-market, began making stupid things and not leaving the algorithms to take care of the situation: lastly he made a huge fuck up and lost almost everything on the account... I was pretty annoyed, but since the money was still his (we did not hit the threshold) I let it slip and continued my work.Somewhere like 3 weeks ago, he asked me to develop a system with Anti-Martingale to recover the situation and regain what was lost: I, even though was not really okay with that, accepted and started making it.The new algorithm was set up in demo last Monday and I was finally getting some relax (I also started making a second version) when he, Wednesday morning, sent me a screenshot of his smartphone where there were what was left of the real money he lost: he had opened some manual orders on USDJPY and lost them all.I got angry because I had worked all that time only because of that money, I knew that if my work was nicely done we could have regained everything and more, he told me that he could put other money on the account and that we should have stayed strong.I snapped, went to my home, connected to the servers and shut everything down: I explained to him that I'm sick of his bullshit, he fucked up everything I did in these months and if he wanted to still work with me and get away with his way of doing he should have started paying me, he said nothing about it and asked to speak with me next Monday, I think he doesn't have any intention of paying me. + +What should I do?Is there somewhere where I can find someone who would buy all of this work?How much should I ask for this?Know that all of this happened in the span of 5 months. + +TL;DR I've automated and perfectioned 2 strategies in the span of 5 months (I'm only a videogame developer, not a professional) and don't know what to do with them because my customer is probably not going to pay for them. + +&#x200B; + +UPDATE: After having spoke to him the customer has decided to pay me when the last version will be finished, then we'll be done with business between us. +As the title says, I've started automating strategies (made in MetaTrader5) for a acquaintance of mine some months ago, I'm a programmer (mostly back-end) and have never been interested in the market.I'm in the fourth year of High-school, have only coded games and simulations (3-4 years of experience) and it's my first work: I, knowing that initially would be getting a very low amount but that it would get substantial in the long run (somewhere like 800 EUR per month after a year), accepted to get paid on the monthly growth of the balance after it hit a certain threshold.Weeks passed and when the first iteration of the program was ready (in mid-summer), after a month of demo, we went live and he, accordingly to our deal, put the initial amount.All was going well and I started making changes: came lastly to the fifth version, hugely more risk-free and profitable than the first instalment (he decided to continue using the second version of the code on the live account because that was the last version where he made all the logic, he didn't feel okay in giving the money in the hand of an algorithm thought by a 17 years old student, I can understand that).The problem is that he, feeling probably a god-of-the-market, began making stupid things and not leaving the algorithms to take care of the situation: lastly he made a huge fuck up and lost almost everything on the account... I was pretty annoyed, but since the money was still his (we did not hit the threshold) I let it slip and continued my work.Somewhere like 3 weeks ago, he asked me to develop a system with Anti-Martingale to recover the situation and regain what was lost: I, even though was not really okay with that, accepted and started making it.The new algorithm was set up in demo last Monday and I was finally getting some relax (I also started making a second version) when he, Wednesday morning, sent me a screenshot of his smartphone where there were what was left of the real money he lost: he had opened some manual orders on USDJPY and lost them all.I got angry because I had worked all that time only because of that money, I knew that if my work was nicely done we could have regained everything and more, he told me that he could put other money on the account and that we should have stayed strong.I snapped, went to my home, connected to the servers and shut everything down: I explained to him that I'm sick of his bullshit, he fucked up everything I did in these months and if he wanted to still work with me and get away with his way of doing he should have started paying me, he said nothing about it and asked to speak with me next Monday, I think he doesn't have any intention of paying me. + +What should I do?Is there somewhere where I can find someone who would buy all of this work?How much should I ask for this?Know that all of this happened in the span of 5 months. + +TL;DR I've automated and perfectioned 2 strategies in the span of 5 months (I'm only a videogame developer, not a professional) and don't know what to do with them because my customer is probably not going to pay for them. + +&#x200B; + +UPDATE: After having spoke to him the customer has decided to pay me when the last version will be finished, then we'll be done with business between us. +Hello fellow traders, + +Since April 9 at around 14:20 was I when I decided to change from a scalping technique which didn't work for me to a daily and 4 hour time frame (sometimes 1 hour when needed). So far it's been profitable and I want if possible if I can receive some feedback to improve it. Here's a brief description, I put my stop loss on each trade at around 2-3% of my equity, no more than 6% risked at any given time (no matter what) I try to aim for the 20-60 pips range, risk reward ratio is about 2:1, 3:1 usually.. My leverage is 100:1 and it is a demo account.. + +A redditor who I can't remember inspired me to seek major support and resistance on daily charts. And I just do swing trading mostly, its been easy so far.. I've been on and off of forex for about 2 years and this feels awesome, having a "click" moment. + +Anyways I will be gladly receive any suggestions.. Thanks in advance. + +myfxbook profile : https://www.myfxbook.com/members/mavalu/demo/3189183 +I am a bit delayed in getting my last weeks observations out. It's been a very busy week at my day job and it's only going to get busier until mid November. I did review my trades from last week and got some good solid observations to take away even though I did end the week down just shy of 2%. That puts my return since I started journaling and being methodical about my trading at the start of August this year at +12%. + +&#x200B; + +*Big Lessons for the week* + +**1) Indicators really do lag price.** I have been using indicators for entries and kept getting whacked on the small moves, break even or small loss on the medium moves, and only really making something on the really big moves. I fully believe that my approach has merit, I just need to adjust for the fact that indicators have lag for timing my entries. I am not sure if it's a personality thing or a trader immaturity thing but 14-16 trade losing streaks are not that good for me in the long run - even if they are small. I am not going to wholesale change my approach as I feel my general hypothesis is still sound, but I do need to make some adjustments. + +**2) Stop Placement.** I got too stringent on my stop loss orders based on some of the numbers I crunched last week. What I did not account for was 1) the short spikes that take you out by a couple of pips and 2) the widening spreads of Oanda around 5pm ish NY time. Three decent winning trades were stopped out after I moved my SL up a bit and then got clipped by just a couple of pips on a price spike. Another trade that would have been my biggest winner by far for the week was a CAD/JPY stopped out from the spread widening from 5 pips to 16 pips for a few seconds and hitting my stop. + +&#x200B; +Hello everyone! + +&#x200B; + +So, after doing loads of reading up about it, Trading Bots are definitely not peoples favourite. I've seen a lot of people just come out with "It does not work and never will" without going into the details of where the bots fail. + +&#x200B; + +Hear me out, if to be a successful trader, you need to be 'emotionless' and to be emotionless is almost robot like. Then what make the difference between being a robot or a human? + +Now, I'm not talking about some dude who threw together some code and made a bot in 2 hours and tried selling it for 199$. I'm talking about a robot which has had a lot of work and can almost act human like but without emotions. Hard, but in our day and age, AI is becoming a lot more active. + +&#x200B; + +So, what's people's thoughts? Are the ones saying "Robots don't work" are the ones who are just mad at others selling the bad ones and who fell into the trap of them? If not, then what's the reasoning behind them not functioning? + +&#x200B; + +Discuss! + +&#x200B; + +Edit: Spelling and wording +edit: it's real! [https://bedbathandbeyond.gcs-web.com/static-files/2f3c77a8-3c64-430d-85a8-cb4a3d2ff8ad](https://bedbathandbeyond.gcs-web.com/static-files/2f3c77a8-3c64-430d-85a8-cb4a3d2ff8ad) + + +[https://www.sec.gov/Archives/edgar/data/886158/000119380522000426/ex991to13d13351002\_03072022.htm](https://www.sec.gov/Archives/edgar/data/886158/000119380522000426/ex991to13d13351002_03072022.htm) + +*Disclaimer: WSJ and GMEDD published that RC Ventures bought a large stake in Bed Bath and Beyond, but as of the time of this writing, no SEC Form 13G can be found anywhere to confirm this. This post is my attempt at debunking this news, because most of you will remember that the WSJ recently published an article about the NFT Marketplace that was used as a coverup to jack up the price of GME stock in the after hours a few weeks ago. As a result, the implied volatility also shot up and anybody that bought call options the next morning lost a lot of money on overpriced options that depreciated rapidly. I could be being paranoid, but I thought it was important enough to write about. Be careful out there. Shills are everywhere.* + +First, whenever news like this comes out, it is important to verify it by checking the SEC filings first. Absence of these forms is not necessarily proof that the news is fake, since it may take a few days for the forms to be submitted, processed, filed, and published. Currently, there is no 13G on file anywhere. + +[https://sec.report/CIK/0000886158](https://sec.report/CIK/0000886158) + +[https://bedbathandbeyond.gcs-web.com/financial-information/sec-filings](https://bedbathandbeyond.gcs-web.com/financial-information/sec-filings) + +The only evidence we have of this is a letter allegedly written by Ryan Cohen / RC Ventures.[https://s.wsj.net/public/resources/documents/bbbletter030622.pdf](https://s.wsj.net/public/resources/documents/bbbletter030622.pdf) + +At first glance, things seem to check out, but there are subtle differences when you compare this letter to the letter that Ryan wrote to the board of GameStop.[https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) + +Let's take it from the top: + +First, the headers are slightly different: + +[Note the absence of the use of parentheses, quotation marks, and colon](https://preview.redd.it/yiz211dw8vl81.png?width=812&format=png&auto=webp&s=dad371656ee1e341c31b90f4459b928344ab3bfc) + +[Note the use of parenthesis, quotation marks, and a colon](https://preview.redd.it/3t3xikyx8vl81.png?width=812&format=png&auto=webp&s=4566644842212eaaac06930eefdf92e72e090b31) + +In his letter to GameStop, he addresses the Board of GME first. In this letter to BBBY, not only does it come last, but the opening address and the punctuation used is different, i.e. "Dear Members of the Board," versus 'Dear Members of the Board of Directors (the "Board"):' + +The next thing I noticed was that in this new letter, emphatic text is simply underlined, whereas in the letter to GameStop, anything Ryan emphasizes is not only underlined but is in all caps, bolded, centered, AND italicized. + +[No all caps, no bold text, no centering, no italics](https://preview.redd.it/019srn8r9vl81.png?width=805&format=png&auto=webp&s=a7e81a5d8f73c57f5d596d9de3f7b65d524141a7) + +[I AM TALKING TO YOU VERY LOUDLY HERE](https://preview.redd.it/p0uiaxls9vl81.png?width=820&format=png&auto=webp&s=0d0c3a03dd262e7748de630bdb70259e81f2dab0) + +Next, this new letter contains a table with cells highlighted in red, whereas in Ryan's letter to GameStop, he did not include a table, but he highlighted text in red instead. + +[Table. That's new. Red cells.](https://preview.redd.it/lbpgye6o9vl81.png?width=799&format=png&auto=webp&s=220d3210d5c940903b220887642b80e96885018d) + +[No table. Red text instead.](https://preview.redd.it/f6z16erp9vl81.png?width=799&format=png&auto=webp&s=2dbc5e765523f40c0868c3e27ec16904b89cbc0a) + +A couple other similar discrepancies occur, but the way Ryan signs the letters has also changed. + +&#x200B; + +[New letter is signed \\"Manager\\" and ends with 3 pound signs](https://preview.redd.it/i0anq7hdavl81.png?width=818&format=png&auto=webp&s=6b2e09627ed1bb9cbdc1da036f7cd3191256820d) + +[Letter to GameStop is signed \\"Managing Member\\" and ends with 3 asterisks](https://preview.redd.it/ei4da1neavl81.png?width=817&format=png&auto=webp&s=a9bc280aa1aaba9aacc615403b240bc93ed13a93) + +So you tell me. Real? Fake? Am I just being too paranoid? + +Keep an eye out for that SEC Form 13G, y'all. Stay frosty. + +edit: It might be a 13D. My bad. Either way, I don't know if the letter is real or fake, all I'm saying is it's inconclusive until that filing either shows up or fails to show up. + +edit 2: There are a lot of people that don't believe that WSJ would dare to publish something like this to ruin their reputation. I agree, but they can also just blame their source and dodge some of the blame. Again, I don't know if the letter is real or not, especially without a 13D/G, but also consider the possibility that if you're a short hedge fund and you're already completely fucked and going bankrupt, then you will potentially make up anything to try to survive another day. + +When in doubt, remember the fraud triangle: + +https://preview.redd.it/1mothzztkwl81.png?width=1280&format=png&auto=webp&s=813e9ec5a7cd17403eae14573c9d11913b7b327d + +If the letter is real, it's still bullish. As always, keep an open mind, and watch the charts! LFG!!! +Hello r/investing, + + + +Iā€™m using a throwaway just in case some of my friends have discovered my reddit profileā€¦ + + + +Long story short, Iā€™ve inherited a large amount of stocks (~700k). These stocks are essentially all US domestic, mainly large cap, and horribly undiversified. Thereā€™s ~300k in energy (oil), 200k in technology, roughly 150k in biotech, and the balance in consumer staples and consumer discretionary. No materials, no infotech, no industrials, no financials. + + + +Some background on me: Iā€™m 25, make ~75k per year pre-tax, and my yearly expenses are probably ~20k. + +I have been trying to diversify by buying Intā€™l mutual funds in my Roth IRA (5.5k/year), buying precious metals (physical bullion), and trimming the larger holdings to move into deficient sectors. However, these accounts have huge amounts of unrealized capital gains, so I would have a huge tax liability if I were to try to re-diversify over the course of one year or two. + + + +I would appreciate any help or guidance in figuring out how to diversify my holdings without incurring too much of a tax liability (if thatā€™s even possible). I realize this is basically the ultimate first world problem, but any advice would be greatly appreciated. + +Thanks for your help! +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. +So, I get that I'm not a typical facebook customer - I am not on it all the time, I do have a profile and friends but I only visit it occasionally. But maybe someone who is on it more often can explain to me how facebook can sustain such an incredible valuation ($104 billion)? I mean, are ads on facebook really that valuable? If not that, then what? App store? I get that they have millions of users but how do you make money off those people without driving them away? + +Isn't there a delicate balance between providing a non-intrusive place for people to socialize and targeted advertising? What am I missing here? + +Just curious to see what others think... +Edit: Thank you so much for all your thoughtful replies. You all provided some great advice here which I appreciate. +-------------------------------- +Hi there! Thanks for all your help so far over the years. (Previous Post: https://www.reddit.com/r/personalfinance/comments/41ghgw/unsure_how_im_doing_or_what_to_do_next_looking_to/) + +Based on your great advice, we are looking to buy a house. We found one that is perfect for us, in a great school district and only 30-40 mins to work. + + +#House Details + +* The house is $330,000. +* We will put down 66,000, and after closings costs, will have $40,000 in savings. Cheaper homes seems to have more hidden costs such as work to be done on them and the monthly mortgage costs seem to be negligible. This is a newer home that is mostly move in ready. +* Property Tax is $6,000 a year and Insurance will be about $1600 a year. +* I've estimated utilities at $7,000 - $2,500 a year for electric (home has solar panels; I will assume the 20 year contract which is 0.12/kw hour (cheaper than the local co which is 24cents per kw/hour) and $2,500 a year for oil (est. 1,110 gallons per year) and $700 for other services (septic cleaning, chimney sweet, boiler cleaning). I estimated higher in the event oil goes back to $4 a gallon. Can't be too careful. + +#Question + +* **House** Can I really afford this and be comfortable. +* **Kids** How can I ever have kids? Daycare alone is $1,600 a month which would equal all savings. :( +* **General** I feel like we make decent money, but looking at these numbers is depressing me. We currently save $2,700 a month so this will be a $1,000 hit per month. + + +Thanks so much in advance! Here's all the details: + +#**Details** +Married + +Person 1: 32, Full-Time Employment, FICO: 810 + +Person 2: 32, Full-Time Employment, FICO, 801 + +Location: Massachusetts + +No debt. + +2 Cars, Fully Paid + + +****Expenses**** + + +Desc.| 2015 Totals with 2016 Estimates with a New House +---|--- +Morgage, insurance, taxes | $24,000 (29% of net or 19% of gross) +Electric/Water/Sewer | $7,000 +Car Gas | $2,500 +Car Insurance| $1,500 +Car/Transit Expenses | $2,000 +Cable/Internet | $1,650 +Cell Phone | $1,616 +Grocery | $6,576 +Restaurants | $1,680 +Streaming Services | $500 +Medical | $60.00 +Clothing | $1500 +Gifts | $300.00 +Misc/Home (Amazon/WalMart) | $3,500 +Memberships/Entertainment | $1,100 +Petty Cash (ATM) | $1,200 +Charity| $300 +Travel / Vacation | $6,000 + +****Est. Savings and Expenses **** + +Desc. | 2016 Monthly Estimate +---|--- +Est. expenses per month | $5325 +Est. savings per month | $1611 + + +****Income **** + +Income| 2015 Total +---|--- +Person 1 Gross | 52,000 +Person 1 Medical/Dental/Life| 1,954 +Person 1 403b Contribution | 2,017 +Person 1 403b Employer Cont. | 4,437 (included for informational purposes, not included in totals) +Person 1 Net | 27,328 +Person 2 Gross | 73,000 +Person 2 Medical/Dental/Life| 2,920 +Person 2 403b Contribution | 1,461 +Person 2 403b Employer Cont. | 7,308 (included for informational purposes, not included in totals) +Person 2 Net | 48,553 +Combined Gross | 125,000 +Combined Net| 83,000 + +#**Totals** + + +Desc.| Total +---|--- +Net. | $83,240 +After-Tax Expenses| $63,900 +Savings (Net-Expenses)| $19,332 +Person 1 403b| $40,000 +Person 2 403b| $88,000 +Debt/Loans | $0 +Savings/Checking| $140,000 +Down Payment| $69,000 +Closing Costs| $15,000 +Moving Expenses| $15,000 +Total One Time House Expenses| $100,000 +Total Remaining in Bank| $40,000 + +#**pre house and post house purchase** + +Desc.| Pre | Post | Difference +---|---|---|--- +Monthly Net (after tax, 401k, health) | $6,900 | n/a | n/a +Monthly Expenses | $3,600 | $5,325 | +$1,725 +Monthly Savings | $2,720 | $1,611 | [-$1,109] (/tg) + + + + + + + + + + + + + +This threat of a government shutdown that those of us in the U.S have to deal with almost every year proves to us that if they're incapable of keeping themselves funded every year, then why do we trust their paper money? On the news there's constant naysayers about how bitcoin is not backed by anything and the Dollar is backed by the "full faith and credit of the U.S. government". Well that "faith" is put in doubt every time our elected leaders use the credibility of our country as a political football to bash eachother over the head with. I myself am choosing to replace my faith with what truly backs bitcoin: the fundamental laws of mathematics. Math doesn't shut down every year, but the U.S. government threatens to do that every so often. How long will that "faith" last in the eyes her people? +This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. +The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. +In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information +that has not been made public. So for example if there are drug trial results that are bad and not public, +insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good +track record at timing their purchases. All trades that are marked as part of a 10b5 plan are excluded from this report. + +## Largest Insider Buying (Last 7 Days) +Company|Count|Shares Changed|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[OMAD / One Madison Corporation](https://fintel.io/n/us/omad)|1|4,615,384|6|29,999,996 +[CNST / CONSTELLATION PHARMACEUTICALS INC](https://fintel.io/n/us/cnst)|2|800,000|34|27,600,000 +[MJCO / Majesco](https://fintel.io/n/us/mjco)|1|2,000,000|8|15,940,000 +[FRG / Franchise Group, Inc.](https://fintel.io/n/us/frg)|2|937,500|12|11,250,000 +[GTT / GTT Communications, Inc.](https://fintel.io/n/us/gtt)|1|559,035|12|6,676,723 +[EPD / Enterprise Products Partners L.P.](https://fintel.io/n/us/epd)|8|241,196|28|6,668,774 +[PBF / PBF Energy, Inc.](https://fintel.io/n/us/pbf)|2|201,045|30|5,999,274 +[PPR / Voya Prime Rate Trust](https://fintel.io/n/us/ppr)|4|651,680|5|3,203,317 +[TAT / TransAtlantic Petroleum Ltd.](https://fintel.io/n/us/tat)|1|7,363,053|0|2,769,244 +[PLCE / Children&#x27;s Place, Inc. (The)](https://fintel.io/n/us/plce)|4|35,900|56|2,020,014 +[AMEH / Apollo Medical Holdings, Inc.](https://fintel.io/n/us/ameh)|4|101,928|18|1,847,335 +[ADC / Agree Realty Corp.](https://fintel.io/n/us/adc)|3|22,500|69|1,537,955 +[SPRT / support.com, Inc.](https://fintel.io/n/us/sprt)|4|728,420|2|1,493,261 +[LMPX / LMP Automotive Holdings, Inc.](https://fintel.io/n/us/lmpx)|1|91,500|15|1,373,415 +[KMR / Kinder Morgan, Inc.](https://fintel.io/n/us/kmr)|1|59,624|20|1,201,054 +[CXDC / China XD Plastics Co., Ltd.](https://fintel.io/n/us/cxdc)|1|554,923|2|1,137,037 +[CYTK / Cytokinetics, Inc.](https://fintel.io/n/us/cytk)|3|118,413|10|1,126,700 +[XAIR / Beyond Air, Inc.](https://fintel.io/n/us/xair)|2|198,589|4|726,999 +[TACO / Del Taco Restaurants, Inc.](https://fintel.io/n/us/taco)|1|91,369|8|717,996 +[JNJ / Johnson &amp; Johnson](https://fintel.io/n/us/jnj)|1|5,000|141|706,399 +[ATRI / ATRION Corp.](https://fintel.io/n/us/atri)|1|1,000|686|686,250 +[FEIM / Frequency Electronics, Inc.](https://fintel.io/n/us/feim)|6|66,271|9|622,630 +[RHP / Ryman Hospitality Properties, Inc.](https://fintel.io/n/us/rhp)|1|6,426|86|550,772 +[MNE / BlackRock Muni New York Intermediate Duration Fund, Inc.](https://fintel.io/n/us/mne)|4|36,316|14|519,791 +[OKE / ONEOK, Inc.](https://fintel.io/n/us/oke)|1|6,094|74|450,657 +[USCR / U.S. Concrete, Inc.](https://fintel.io/n/us/uscr)|1|10,500|39|414,120 +[JBGS / JBG SMITH Properties](https://fintel.io/n/us/jbgs)|1|10,000|39|386,500 +[STOR / STORE Capital Corp.](https://fintel.io/n/us/stor)|1|10,000|37|374,194 +[PACW / PacWest Bancorp](https://fintel.io/n/us/pacw)|3|9,280|38|349,515 +[HSAC / Health Sciences Acquisitions Corporation](https://fintel.io/n/us/hsac)|1|31,500|11|344,024 +[IIPR / Innovative Industrial Properties, Inc.](https://fintel.io/n/us/iipr)|4|4,545|73|331,456 +[CLPR / Clipper Realty Inc.](https://fintel.io/n/us/clpr)|4|31,200|10|306,052 +[POPE / Pope Resources, L.P.](https://fintel.io/n/us/pope)|3|3,321|91|300,276 +[PHD / Pioneer Floating Rate Trust](https://fintel.io/n/us/phd)|2|27,324|11|290,865 +[CSV / Carriage Services, Inc.](https://fintel.io/n/us/csv)|1|10,000|27|274,800 +[FFIN / First Financial Bankshares, Inc.](https://fintel.io/n/us/ffin)|1|7,100|35|248,571 +[SPNE / SeaSpine Holdings Corporation](https://fintel.io/n/us/spne)|1|20,000|11|222,400 +[LINC / Lincoln Educational Services Corp.](https://fintel.io/n/us/linc)|5|94,168|2|207,287 +[DLTH / Duluth Holdings Inc.](https://fintel.io/n/us/dlth)|2|19,740|10|198,593 +[GR / Goodrich Corp](https://fintel.io/n/us/gr)|3|105,000|2|187,819 + +## Largest Insider Selling (Last 7 Days) +Company|Count|Shares Change|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[MDGL / Madrigal Pharmaceuticals, Inc.](https://fintel.io/n/us/mdgl)|4|-2,400,000|105|-253,128,000 +[TCDA / Tricida, Inc.](https://fintel.io/n/us/tcda)|2|-3,000,000|40|-120,000,000 +[AZO / AutoZone, Inc.](https://fintel.io/n/us/azo)|39|-35,807|1,246|-44,365,993 +[RH / Restoration Hardware Holdings, Inc.](https://fintel.io/n/us/rh)|15|-184,136|232|-42,702,144 +[CB / Chubb Ltd](https://fintel.io/n/us/cb)|1|-157,835|153|-24,226,094 +[CRM / Salesforce.com, Inc.](https://fintel.io/n/us/crm)|6|-137,560|162|-22,283,564 +[VFC / V.F. Corp.](https://fintel.io/n/us/vfc)|3|-172,512|91|-15,763,400 +[BATRB / Liberty Media Corporation](https://fintel.io/n/us/batrb)|4|-306,730|47|-14,554,239 +[CGNX / Cognex Corp.](https://fintel.io/n/us/cgnx)|3|-216,929|53|-11,531,711 +[SEIC / SEI Investments Co.](https://fintel.io/n/us/seic)|6|-176,250|65|-11,522,600 +[MAR / Marriott International, Inc.](https://fintel.io/n/us/mar)|4|-72,351|146|-10,426,671 +[WHF / WhiteHorse Finance, Inc.](https://fintel.io/n/us/whf)|2|-675,000|14|-9,335,250 +[CME / CME Group, Inc.](https://fintel.io/n/us/cme)|2|-42,680|203|-8,643,444 +[BRY / Berry Petroleum Co](https://fintel.io/n/us/bry)|2|-900,000|9|-7,743,537 +[TWNK / Hostess Brands, Inc.](https://fintel.io/n/us/twnk)|1|-500,000|14|-7,027,600 +[IMXI / International Money Express, Inc.](https://fintel.io/n/us/imxi)|4|-440,000|13|-5,544,000 +[HUM / Humana, Inc.](https://fintel.io/n/us/hum)|3|-15,285|358|-5,428,210 +[SPLK / Splunk Inc.](https://fintel.io/n/us/splk)|4|-35,003|147|-5,128,285 +[KEYS / Keysight Technologies Inc.](https://fintel.io/n/us/keys)|4|-47,737|106|-5,096,997 +[BDX / Becton Dickinson &amp; Co.](https://fintel.io/n/us/bdx)|5|-18,857|267|-5,034,192 +[CMIA / Cumulus Media Inc. Cl A 2018](https://fintel.io/n/us/cmia)|8|-264,967|17|-4,619,641 +[BKU / BankUnited, Inc.](https://fintel.io/n/us/bku)|2|-125,758|36|-4,570,945 +[CHGG / Chegg, Inc.](https://fintel.io/n/us/chgg)|3|-116,996|37|-4,369,980 +[BXP / Boston Properties, Inc.](https://fintel.io/n/us/bxp)|4|-31,216|138|-4,304,875 +[CLUB / Town Sports International Holdings, Inc.](https://fintel.io/n/us/club)|1|-2,800,000|2|-4,200,000 +[ASUR / Asure Software, Inc.](https://fintel.io/n/us/asur)|3|-500,000|8|-4,100,000 +[FICO / Fair Isaac Corp.](https://fintel.io/n/us/fico)|7|-11,000|351|-3,873,685 +[SEDG / SolarEdge Technologies, Inc.](https://fintel.io/n/us/sedg)|7|-42,700|87|-3,766,286 +[BDGE / Bridge Bancorp, Inc.](https://fintel.io/n/us/bdge)|2|-109,527|33|-3,599,713 +[LECO / Lincoln Electric Holdings, Inc.](https://fintel.io/n/us/leco)|2|-34,910|94|-3,293,225 +[ADI / Analog Devices, Inc.](https://fintel.io/n/us/adi)|1|-25,760|118|-3,049,819 +[WAL / Western Alliance Bancorporation](https://fintel.io/n/us/wal)|2|-50,000|55|-2,772,000 +[SWKS / Skyworks Solutions, Inc.](https://fintel.io/n/us/swks)|1|-25,000|109|-2,715,000 +[CHD / Church &amp; Dwight Co., Inc.](https://fintel.io/n/us/chd)|2|-38,800|70|-2,704,651 +[GD / General Dynamics Corp.](https://fintel.io/n/us/gd)|1|-14,870|181|-2,693,701 +[MNST / Monster Beverage Corporation](https://fintel.io/n/us/mnst)|1|-42,750|62|-2,664,180 +[FI / Frank&#x27;s International NV](https://fintel.io/n/us/fi)|2|-472,200|6|-2,596,006 +[A / Agilent Technologies, Inc.](https://fintel.io/n/us/a)|3|-30,728|84|-2,567,884 + +*Count* column is number of transactions. +I believe Citadel and Melvin didn't in any way directly make robinhood and others halt GME buying. They didn't have to. + +The [DTCC](https://en.m.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation) (clearinghouse) is owned and directed by it's users - literally a consortium of banks and brokers including two of Mr. Griffin's Citadel firms [check the alphabetical list](https://www.dtcc.com/client-center/dtc-directories).I know there are practical reasons it was set up that way, but they've clearly shaped and manipulated it so it can save their asses. + +It's a complete scam that the DTCC is apparently allowed to manipulate order flow the way they have without any impartiality or accountability to the public. + +It's why these hearings are and will be a sham that we won't get anything out of other than a few memes, because Congress and investigators know they'll never find a smoking gun by investigating the HFs and brokerages., +[https://finance.yahoo.com/news/bank-america-nyse-bac-increasing-072447225.html](https://finance.yahoo.com/news/bank-america-nyse-bac-increasing-072447225.html) + +" Bank of America Is Increasing Its Dividend To US$0.21" + +Great post about a month ago on the history of bank dividends during the months leading up to the 2008 crisis and discussion on the current trend along with the total MSM hard-on for big bank stocks. + +[https://www.reddit.com/r/Superstonk/comments/oa371g/the\_big\_banks\_just\_increased\_their\_dividends\_some/](https://www.reddit.com/r/Superstonk/comments/oa371g/the_big_banks_just_increased_their_dividends_some/) + +Each domino is falling as predicted. + +Buy, Hodl šŸ’ŽšŸ™ŒšŸš€ +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. + +Fidelity announced this morning (2022-04-26) that they will be the first major retirement plan to allow investors to put bitcoin in their 401k plans. + +> Fidelity Offers Bitcoin as 401(k) Investment Option + +> Will become first provider to allow cryptocurrency in 401(k) accounts + +> By MARK KOLAKOWSKI Published April 26, 2022 + +> Fidelity Investments has become the first retirement plan provider to allow cryptocurrencies in the 401(k) accounts that it services, starting with Bitcoin (BTC). This investment option will become available by mid-2022 to 23,000 employers that use Fidelity to administer their retirement accounts. Since Fidelity has $11.3 trillion in assets under administration (AUA), making it the largest retirement plan provider in the U.S., this move represents a major milestone in the mainstreaming of crypto.1 +> +> Dave Gray, head of workplace retirement offerings and platforms at Fidelity stated: "There is growing interest from plan sponsors for vehicles that enable them to provide their employees access to digital assets in defined contribution plans, and in turn from individuals with an appetite to incorporate cryptocurrencies into their long-term investment strategies." Business software provider MicroStrategy Incorporated (MSTR) reportedly will be the first employer to offer Bitcoin as an investment option in its employee retirement plans.1 +> +> KEY TAKEAWAYS +> Fidelity will offer Bitcoin as an investment option in 401(k) plans starting sometime in mid-2022. +> How much plan participants can put into Bitcoin will be determined by their employers, but a maximum of 20% is likely. +> This is likely to give a major boost to the mainstreaming of cryptocurrency. +> However, the U.S. Department of Labor has "serious concerns" about crypto in retirement plans, due to the high risks. +> Fidelity Account Details +> Initial reports indicate that investors in the Bitcoin-eligible retirement plans administered by Fidelity will be able to allocate up to 20% of their accounts to this investment option, although this figure may change. Moreover, the cap on Bitcoin investments will be determined by the employer.23 +> +> Fees for Bitcoin-eligible accounts reportedly are planned to range between 0.75% and 0.90% of assets, with the exact amount to depend on the amount invested and the employer. Additional fees, particularly per-trade fees, reportedly also will be charged.23 +> +> Mainstreaming Crypto +> Fidelity's move would allow first-time crypto investors to obtain Bitcoin without having to make a separate account on a crypto exchange. This is likely to become a major boost to acceptance of crypto as an investment alternative. In the subset of retirement plans represented by 401(k) plans, Fidelity held an estimated $2.4 trillion of assets as of 2020, making it the third-largest provider in this segment.2 +> +> In November 2021, Fidelity launched the first regulated offering in Canada that offered Bitcoin custody and trading services for institutional investors. Fidelity next launched two publicly traded bitcoin funds in December 2021 on the Toronto Stock Exchange (TSX). In 2022, Fidelity has launched similar products in Switzerland and Germany.2 +> +> 'Serious Concerns' From Department of Labor +> In March 2022, the U.S. Department of Labor (DOL) warned that cryptocurrencies were speculative and volatile investments with inflated valuation. The DOL expressed "serious concerns" about providers offering cryptocurrencies in retirement plans. The DOL also stressed that providers must offer adequate information to potential investors about the risks involved in cryptocurrency investing, including the volatile prices and the evolving regulatory environment.2 +> +> +> Role of Microstrategy +> As noted above, business analytics software provider MicroStrategy reportedly has signed on to become the first employer offering Bitcoin in its 401(k) plans administered by Fidelity. That company holds billions of dollars in Bitcoin, and its founder Michael Saylor is a staunch supporter of cryptocurrency through numerous tweets on the subject.2 +I'm currently a nursing student who having read the thread that suggested someone not become a nurse is now having second thoughts. The catch is I also have the opportunity to become a train driver/awaiting an interview for the swinburne cyberacademy having completed the testing for this. + +Any advice would be much appreciated +I know most of you scoff at the idea of storing BTC on Coinbase, but I am not nearly as technologically inclined as most of you. Each storage suggestion I read looks to me like this: + +1. Download armory and Electrum and run armory from an offline underground bunker. + +2. double encrypt using Eorepadaeuium with 4 USB drives running Linux UEc.3f3.c2q1 + +3. backup with Efekjwsf and wefkjlfe + qt and create a public key, private key, and semi-private key. + +4. print private key and public key, but not semi-private key. Laminate printed copies and store in a vault along with 3 of the 4 USB drives. But be sure not to run EFkjlwef foeropwerk. + +5. Use a submarine to bury the vault in the ocean. + +6. A hacker who is %1000 times smarter than you is watching your every move and will steal all your bitcoin if you slip up. + +More near computer illiterate people like be are going to be buying BTC, and Coinbase seems like the safer and simpler option. + i feel like a baseball player in a slump, even when i can see the pattern, i fail to capitalize. how do you move past this? + +https://preview.redd.it/uv75coi0aaz81.png?width=847&format=png&auto=webp&s=3b5e7837e180754b91635fe0ce3b270a09e8a190 +not sure if i'm late but ARK already runs a space ETF in Japan that likely has very similar holdings to what ARKX will have. see holdings and insights in the tweet + +source: some guy on twitter + +[https://twitter.com/FPTXYZ/status/1350096696433377283](https://twitter.com/FPTXYZ/status/1350096696433377283) +We fucking warned you. Over and over and again and again since the January debacle. So stop bitching and accept responsibility for your actions. + +Also, this isnā€™t a Doge sub. + +And, we did fucking tell you. +Hello everyone I wanted to document and hopefully inspire some younger people. I grew up pretty poor. I decided to join the military at 19. My plan was to save as much as possible so I could start my new life. I join the service as an E-1 with $5 in my wallet. 7 years later and i'm an E-4 and I have managed to save/invest a little over $103k. I have always lived on base in a barracks. I'm single and receive no bonus pay nor do I get BAS. I have done what everyone says to do yet very few actually follow, I spend less than I make and I invest the difference. When I get a pay raise I save all of it. I still live as if i'm an E-1 7 years later and iv had many pay raises along the way from either promotion or yearly pay increases due to inflation yet iv never spent more than when I first joined. Some would say this is unreasonable and some friends even make jokes that this cant be sustained long term. But in reality I have no debt and i'm able to have more fun with my income than most because I have minimal bills. It's not always how much you make.... it's usually how much can you save. + +My income is $2,746 before tax +currently I invest 28% of my paycheck (5% matched) into my TSP(401k) split 70% C fund and 30% S fund. +C fund = SP500 index +S Fund = Small cap stocks index + +Each month I invest $500 into a Roth IRA in SWTSX + +My monthly bills are between $750-$1100. +Most of my money is spent on fun or travel due to no car payments or housing costs. Biggest expenses are car insurance and internet. +https://puu.sh/FTRgO/e2479604d5.png + + +My goal is to retire from the military after 20 years of service with an estimated net worth of $600k and a pension of 40% of my base pay for the rest of my life. If I retire as an E-6 that would give me $1,668 a month ($20,025 yearly). I estimate ill live off of $35k-45k annually meaning ill need to make sure my investments can cover the remaining $15k. After assuming the 4% SWR I should be more than fine after 20 years of service. + +I post this not to brag. I wanted to show that people of lower incomes can do this FIRE thing also. Don't be discouraged by these people who make $150k a year because I've never made more than $35k a year. Focus on getting out of debt and when you finally do it just keep investing the difference. +I can (barely) afford my daughter's tuition in a private secondary school. But should I? Alternatively, I can put this money towards pension and better wellbeing of the family. + +Is there any definitive data on how much private schools affect person's future income? +So, Iā€™m very close to being offered a role for a new job. The stipulation they have is the fact I donā€™t drive - The job would involve some out of hours visits to data centers to resolve problems, and they made it clear it would be something they would include as part of passing my probation. + +I have been fully up front about my lack of driving license - it was never a requirement on the job spec (potential red flag) and now theyā€™re leaning more and more on this as more conversations start up. + +Iā€™m 30/31 y/o M - I have had about 20-30 hours of lessons but the necessity for car ownership for me during my teens and 20s was never there, additionally, I was never in a position to put money together for car ownership and thus the idea of driving was never really that important to me. + +The issue Iā€™m struggling with for this role is the money theyā€™re offering. At the moment Iā€™m on about Ā£24K and the job on offer is Ā£30K - itā€™s a small bump but for me, who has no kids or mortgage and 0 debts - the money is never really a driving factor - I love what I do for a living but we all have costs to bare. + +With that being said, Iā€™m concerned that the offer they have made, when accounting for income taxes, and then additionally the cost of lessons, road tax, insurance, financing a loan for a car (or saving per month), would mean the offer of 30K represents 0 growth financially. + +However, I donā€™t know how much a car costs to own, insure, or anything really. + +If we assume that the company gives me 6months to learn pass and purchase my car, Iā€™d assume I would need a finance option like a loan or rental? + +Honestly Iā€™m really out of my depth here so any pointers would be fantastic. + +P.s. this isnā€™t a job in desperate for, itā€™s certainly much more interesting technically than what I do now, and Iā€™m also not desperate to leave, I just happened to update my CV and LinkedIn when the call came and it took my interest. +\+1400% thanks Papa Pump Trump. Was a 40 bagger at one point if i held for 60 more seconds. Sold out around SPY 269, contracts went to >$2 when SPY went over 270 at the close. + +https://preview.redd.it/er2kauc8oim41.png?width=718&format=png&auto=webp&s=5478ee9fa57ec48fec7c58f33d2ea89cdbcf6750 + +EDIT: For you tards who don't understand expiration, yes I sold these before the close. + +EDIT: Fixed screenshot for readability. +Very sorry for the massive post. + +My girlfriend and I could do with some advice. We're 27 and 28 and quit our jobs in London in summer 2019 to travel around Asia before returning to move away from London (didn't like it there anymore). We arrived back in England 2 days before lockdown in March so our return has been a lot less smooth than anticipated. We moved to Newcastle at the beginning of August. My gf has a job here and I got a fully remote job based in Scotland. We both earn Ā£32k. I had saved Ā£15k in London but spent most of it on travelling/being unemployed for months upon our return but not wanting to go home and risk infecting family. I'm now saving again - we save Ā£1k a month each. + +We have both been fortunate enough to inherit money. My gf has around Ā£70k and I've just been given Ā£75k by my grandad (he set up a fund for me when I was born with the intention of helping me to buy a house). + +The thing is, we know we want to do plenty more travelling. We both really like Newcastle and could see ourselves settling down in Northumberland in the future. Long-term we want to live a bit more rurally and I plan on quitting my corporate job and running a smallholding (potentially building up a small holiday let business) whilst my girlfriend continues down the corporate road. In the meantime, I'd love to experience living abroad (whilst working my remote job - if my gf managed to go remote too) and there are some more backpacking trips we want to do. + +We're stuck as to whether we should rent another year in Newcastle once our lease is up and then sell all our stuff/pay for storage each time we leave and come back from the various trips we want to do, or whether we should get a property here which we can live in and pay the mortgage for and potentially rent out when we aren't around (I appreciate that this is a lot harder and more limiting than it sounds). We can save Ā£20k between us (with LISAs) by summer, plus the Ā£145k we have already. I was thinking we could get a house between Ā£220k-250k so our mortgage repayments would be low enough (I'm guessing around Ā£500 a month) that we could easily cover them on one salary. + +On the one hand, we would be using our first time buyer stamp duty exemption (and potential extra LISA savings in the following years) on a house which we wouldn't see as our long-term ideal home (I guess we would settle down in 5ish years) and then there's the added stress and financial burden of home ownership. On the other hand, we would be paying into our mortgage instead of rent, wouldn't have to keep doing the whole 'in and out of storage' thing when we leave and return and would have a mortgage which is likely lower than the cost of anywhere we could rent. + +My guess is that the answer will be 'stick the Ā£145k in index trackers and take the hit on the money you'll spend on storage and rent every time you leave and return'. I'm kind of reluctant to put the Ā£75k in anything with associated risk because my Grandad worked very hard throughout my life to build this up for me and I know nothing about investing. I appreciate that real estate is also a risk but at least this was the purpose he saved the money for and I wouldn't be able to forgive myself if I ended up losing a lot of it on investment. However, if this is still the clear and obvious front-runner then I'd be happy to educate myself more and give it a try. + +Thanks! +I have been taking profit at or close to 50%. Is it better to hold longer and let them get closer to expiration? Or is it better to re-enter with a higher delta call? +Was waiting for a better price on SNAP, CHWY, PLTR, GME to sell slightly OTM calls but milieu being more bearish than otherwise, I sold ITM calls at yesterday's market end. + +The wheel is a bullish strategy overall, but if you're holding stock you're near term or mid term bearish on, I think ITM calls are viable. Tech looks bad, oil looks good rn. Selling 30 to 40 percent OTM calls on OXY, VET and BPT. +Wondering about this strategy Iā€™ve been using - sell atm puts on the VIX weeklies. Iā€™m doing this if the VIX is in the low 20s since thatā€™s seems to be itā€™s resting place since Covid. I figure if the VIX drops and I have to roll a loss, all my other plays are likely in the green so it works as a hedge that also tends to pay. Any thoughts? +I'm wondering if there's anyone that is consistently selling weeklies on this for at least the past few months or longer, is there some safe % strategy that you are going with, and do you believe that it is a safe method, or will Tesla start to go down maybe a week after the 21st? +As option sellers, our strategy makes us naturally short Vega. To compensate for this, what strategies to you recommend to gain positive Vega exposure? I would consider buying the VXX, but it decays over time. Instead, we could sell short puts on the VXX. This gives us Vega exposure to the SP500 by being bullish the VIX and still allows us to benefit from theta decay without having to worry about the decay of the underlining because that will be priced in. + +What issues do you see with this strategy? +TDAmeritrade brings you their version of Tom Hanks' "Cast Away", Trading by smoke signals! + +From the logs: Checking for new version of suit +Problem when connecting to [https://216.105.247.134](https://216.105.247.134) +java.net.ConnectException: Connection refused (Connection refused) + +As we all know, TOS is down for the second day in a row. TDA support says use mobile and/or TOSWeb. TOSWeb is also freezing, and the net liq difference between my accounts on the mobile vs web app is close to $1k different at any one time. + +It's gotten so bad now that I can't even get thru to retail trading concierge support. Chat support is non-existent. + +What are you all doing to mitigate damages here? I understand you can still enter trades on the full website, but this is flying blind. How are you analyzing positions, charts, etc.? +Wondering about this strategy Iā€™ve been using - sell atm puts on the VIX weeklies. Iā€™m doing this if the VIX is in the low 20s since thatā€™s seems to be itā€™s resting place since Covid. I figure if the VIX drops and I have to roll a loss, all my other plays are likely in the green so it works as a hedge that also tends to pay. Any thoughts? +Looking to get some ideas or strategies. If I set up a put credit spread for stock xyz, e.g. trading at $100 and I sell a put at $85(lets say it's at 0.3 delta) and buy a put at $75 both at 40 DTE. I reevaluate at 21 DTE and note that the stock xyz is now at $87. What is your typical next move, what do you look at and what do you think about? + +1. Do you check the greeks and make decisions based on that? +2. Do you roll the entire spread down and out? +3. Do you roll just the short leg by buying back the $85 put and selling another one further out, and perhaps at a lower strike price? +I'm wondering if there's anyone that is consistently selling weeklies on this for at least the past few months or longer, is there some safe % strategy that you are going with, and do you believe that it is a safe method, or will Tesla start to go down maybe a week after the 21st? +Iā€™ve been very good over the years losing money, but Iā€™ve only started to professionally lose money for about a year now since Iā€™ve joined wsb. I buy calls, I buy puts, sometimes it works out but usually I hold for too long and end up giving all my money to you guys. GameStop definitely wasnā€™t a great introduction to stock analysis and options. + +Can I join your club of wolfs in sheeps clothing? I want to be on the right side of these trades for once. Calls and puts just require too much discipline, and for me who has never really had an exit plan (and lost a couple K holding $RSX puts) and I feel like selling shit to degenerates like me is just more profitable. +Reddit has changed so much in the last 3 years. This place is unbearable. The only expectation seems to be this sub. When the market is down it really seems to show. +Just wondering your thoughts on this. It really did take like 2 min to book my shares in CS. 60% of my total shares were in plan and were converted to book last week. + +I'm not the only one.. I know there are many, many others. + +Is this possibly the cause of this drastic rise in cost to borrow? I'm also seeing lots of interesting posts on the towel sub.. Though that sub is a little crazy lol. + +Thoughts? +Just wondering your thoughts on this. It really did take like 2 min to book my shares in CS. 60% of my total shares were in plan and were converted to book last week. + +I'm not the only one.. I know there are many, many others. + +Is this possibly the cause of this drastic rise in cost to borrow? I'm also seeing lots of interesting posts on the towel sub.. Though that sub is a little crazy lol. + +Thoughts? +Hi all, late 20s with ~$2.2M NW due to an early 2020 windfall. Have $1.3M invested in a simple 3-fund portfolio. Currently DCAing $100k per month into the market, but Iā€™ve been wanting to diversify into other strategies. + +Currently in consulting making $200k, love the job, but only gripe is Iā€™m not building any equity in anything - which seems to be the key to success here on fatFIRE. Iā€™ve explored playing the startup lottery, but am now starting to look for a role in PE that offers co-investing - ideally, Iā€™d be able to invest $3-500k over the next 4-5 years in the fund on top of the cash compensation. + +Has anyone done something similar - and whatā€™s your thoughts? + +Thanks! +Do you guys think there are a lot of people who are actually seeing returns like that. I mean, were they smart enough to get in early, and hold until they turned like 5k into 60k in three or four years? ETSY, SQ, SHOP, W, TSLA, NIO, ZM, and many others, have all skyrocketed. But how many people actually got in early, AND didn't sell after making, say, 50% (which is still a hell of a lot), but let it ride until they made 10x their money or more? +[Congress Announces Hearing on Bitcoinā€™s Energy Use - CryptoShameless](https://cryptoshameless.com/2022/01/congress-announces-hearing-on-bitcoins-energy-use/) + +So the hearing starts next Thursday, Jan 20th. Who's going to be the complete fool up there on capitol hill during these hearings? How much just total idiocy will Maxine Waters show? How about Brad Sherman? Pick your favorite idiotic politician! +Iā€™m seeing a lot of people on this subreddit talk about dipping into their emergency funds during this Covid-19 pandemic. Obviously this isnā€™t something that anybody wants to do, but I presume this is exactly what theyā€™re designed for. Without trying to be insensitive, these posts have really inspired me over the past few weeks, and today, I have started my own. + +I still have my job (to date), and am still working and not furloughed, but my company has taken a big hit from the pandemic and I expect some redundancies to be made. Iā€™m at the very start of my career and thought I could get away with putting off a proper emergency fund for a couple of years until Iā€™d sorted out buying a house etc. I also struggle to commit to things if the end goal seems so far away, and the prospect of saving for months to build up this pot was originally discouraging. This crisis has given be a bit of a ā€˜kick-up-the-arseā€™ so to speak and made me realise just how unstable and fragile the world economy can be. + +My first goal is to save up 3 months of bills for me and my partner. Even though my partner has a relatively safe public sector job compared to me, Iā€™m working on the assumption that we both lose our jobs and need to hold out for a few months. Iā€™ll be a few months off reaching that target goal, but I guess any savings made each month are better than none. + +Thank you to all of the people sharing their stories and waking me the hell up. Not only have you protected yourself and your family by setting up your EF, but youā€™ve also encouraged somebody else to start their own and improve their own financial security. I just hope that I havenā€™t left it too late and can hold out until I need it! +Hi all, +I am absolutely new to Reddit and this is my first post. Please allow me some time to learn. + +Yeah, so, I have been investing on Groww app for about 6 months now. And this is something small, but peculiar that I recently noticed. + +There was some money in my Groww balance, after buying stocks. In the morning, the amount was Rs. 94.97. And at night, it got reduced to Rs. 94.60. I have made a similar observation a day before as well. + +The amount might seem small, but I really want to know what it is. Is this some charge that I don't know about? Is this some glitch in their system? I am afraid that if not escalated, this could result in some big loss some day. Please help, people! Thanks! + + +Update : +1. So it seems I haven't expressed clearly what had happened. I'll give some more details: +You can check the transaction here. +[Details](https://ibb.co/59V0zT7) + +I know about these charges and these were deducted, and that's fine. + +But some amount was deducted after this. That is what I am concerned about. +>Midcap and smallcap stocks have started buzzing on Dalal Street amid rising prospects of PM Narendra Modi retaining power in the forthcoming general elections. + +[et](https://economictimes.indiatimes.com/markets/stocks/news/finally-a-rally-in-midcaps-smallcaps-stocks-to-look-at-to-ride-this-rebound/articleshow/68268756.cms) + +&#x200B; + +Is it start of a bull run or just a relief rally? +https://m.hindustantimes.com/india-news/sc-asks-centre-to-take-a-stand-on-levy-of-interest-on-loans-in-moratorium/story-n4e2JDiFkR0I8K3HYmTMNN_amp.html + +This could end up being detrimental for banks - while the center might pick up the slack for the PSU banks, what about private ones? + +The tone of the court seems like it's not a big fan of interest during moratorium +Here's the thing, I got into mutual funds investments due to ET money back when I was in college. Fast forward 3 years the app is literally filled insurance and loan ads. My notifications are just being bombarded with these every 5 or 6 hours. I would've planned shifting to another app but I have a good amount of SIPs that I do every month through the app. Is there anyway I can shift to another mutual funds only app without losing my SIPs. + +Any suggestions for alternatives for no brokerage mutual funds apps will be most welcome. +Hey guys !! + +I'm been thinking about investing in Startups off lately. + +Anyone here who has done so or any pointers what to look for while investing ? + +Key sectors where we will see the major impact ? + +TIA +Franklin is holding a vote to decide whether to wind up or continue these schemes. What should be the preference here? They are saying that continuing the schemes, would put to much pressure of redemption, as most of the people would start to redeem there holdings. + +What are your thoughts? +Ugro Capital + +Friends, + +UGRO is a specialised fin tech SME / MSME lender with over 5% Net interest margin across secured and unsecured portfolios. In fact i booked approx. 100% profits in Paisalo Digital (a more sizeable but less credit risk savvy fin tech lender) in January, after Paisalo stake was acquired by SBI LIFE to find and switch to UGro + +Paisalo is a pure assignment based lender i.e. they originate and assign the loans to SBI and Bank Of India if i remember correctly. This makes the business model very low risk and after COVID if you see the chart, it was a very easy fundamental buy for me (twice - once in April and second time in early December). + +I stumbled across Ugro after gaining in Paisalo trying to find a peer - they are a more sophisticated new entrant in the fin tech space but have developed strong credit risk specialised lending (NBFC) capabilities, as well as co-lending (smart-NBFC) and assignment (Paisalo and Spandana strategy) capabilities + +I see Ugro to have exponential growth ahead due to its co-lending platform, which has Kotak, Bank of Baroda, Adar Poonawala (Serum institute / Magma) finance, and a few other banks signed up. + +The focus on sub-sectors (e.g. play schools, light electrical auto ancilliary) in SME lending is very powerful as you keep developing your understanding, and i have personally seen the potential in US/UK and EU banks. UGros understanding is probably the best in India (no offence to Shriram City and DCB). +The icing on the cake is that as they have only commenced recently their balance sheet does not have the significant stress that SME divisions or segments of other banks have. Typically banks work in segments and do not lend to a segment until NPA levels normalise, so even if ICIcI has less than 3 percent NPA overall , they will not lend in SME until their SME NPAs (letā€™s say 7 percent today) go back to 3 or 4 percent . Ugro will have no such issues and will be able to fill the gap in the market. + +i will post more over this coming weekend on the growth potential. But the core growth engines are: + +**1. Lending** - earlier they were lending using their capital (1000 crores raised from 2-3 PE funds, assigning 100cr to Poonawala finance etc); now they are raising NCDs to lend more so their ROAs would look much better. + +**2. Co-lending** - they have on boarded Kotak, Bank of Baroda and ICICI recently to co-lend; The beauty of this is that if their models are correct and NPAs remain low through the cycle, then a lot of PSU banks have this issue of not being able to originate good quality loans - they(UGro) will fill this gap in PSU banksā€™ balance sheet and in turn partly expand their balance sheet. The fees would boost PnL and the balance sheet leverage being limited will retain some space to expand more than the traditional lending model + +**3. Micro-SME**: they intend to also fuel growth in higher quality indian micro SMEs by deploying their understanding of specific sectors to ensure low NPAs + +**4. Assignment** - obviously if all of the above engines run well, they would hit their leverage limits in 4-5 quarters and would increasingly need to assign loans to Kotak, ICICI, SBI, BoB etc to remain in the growth zone. + +will include links over the weekend. +Think that buying this for the long term is a no-brainier (could easily trade at 2x or 3x book in medium term, 5x in long term if all goes well). Short term it may do nothing i think. Unfortunately this stock cannot be pledged to get FnO limits either :( + + +As there is a lot of froth in the markets , I am Switching gradually to low risk high return ideas such as this one, Muthoot Capital, Sanghi, City Union Bank, Asian paints and continue to hold some very dull stocks like Federal Mogul , without expectations of quick returns. But the sectors are cyclical / growth sectors and value will support me if I am wrong about the upcoming upcycle . I also have Bajaj Finserve and IRCtC that I will continue to hold until covid disappears at least 95% from face of the planet + +Best, +Chet +I mean having enough and being self-sufficient. For example, assume I saved, and saved, and now I have 1 Crore in cash which I invest in fixed deposits (or equity/debt funds, whatever, that's not the point) and get around 9% interest. Yearly, I'll be making 9 lac, which is more than enough for living a decent life. Surplus can be reinvested into equity. I can then take up any job that I like, even if it pays low (3-4 lac), since now I'm not dependent on just money. + +I know, I know there are a lot of problems with this kind of thinking. What if there's a huge medical emergency and my savings are wiped out? Will I be able to reduce living costs? What if this, what if that. But, it feels nice to think about this. What if I set the bar at 2 crore? Whether it'll be enough to feed my future greed, even I cannot tell right now. + +/r/financialindependence discusses a term called 'F-You' money which basically means the amount of money that you have to keep yourself financially independent, and therefore work only for people you like to work with. If you don't like working in a certain place, you say F-You and leave. This 1 or 2 Cr. can become my F-You money. + +What do you think? +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://discord.gg/hqBNg4u) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +I mean, come on. This is too much. I sold my positions last summer and I've watched as prices kept shooting up, and I'm scared of a financial crisis. Is anyone else? American debt is at an all time high, and there is no sign of the administration trying to stop it from growing, international relations are extremely frail and it just seems like the perfect mix. Time to short? +Life time subscription to NFT drops and items, a usable model in a Metaverse environment ready to go. The Cyber Crew clone and clone card are going to be remembered as the ones that did it first and did it well. The price of these is already shooting upwards and in the coming weeks, I feel its going to be in the 1000's of $$$. If Bored Apes can be worth nearly 100 Eth, these are definitely worth alot more. + +Congrats to those that managed to snag one of these, unfortunately I ended up buying a cyber bike and cant afford the prices now. The bike is also a great buy but no way as good as the 2 clone NFTs which will open the door for self owned characters and items. +Hi guys, it was hard to find this info but I finally found it. + +The article below shows the price cap per unit for April 2021. This was 19p per unit for electric and 3p per unit for gas. + +https://www.ofgem.gov.uk/publications/energy-price-cap-increase-april-consumers-should-switch-save-money + +We know in October there is a 12% increase to the cap so the figures should be round about assuming same breakdown of costs. + +21.28p unit for electric. +3.36p per unit for gas. + +Octopus are currently offering me 19.74p per unit electric and 3.759p per unit gas on a variable deal. + +Offering me 23.772p per unit electric and 5.607p per unit gas on a 12 month deal. + +So can see fixed deal is considerably higher, and thats not taking into account the standing fee increase on gas as well. + +So from what I understand there wont be much leeway for these variable prices to increase because they already around the cap level, which probably explains why octopus energy fixed deal is so much higher as fixed price deals are exempt from the cap. + +The ofgem cap probably will go up on next review, but its in April 2022 when it can next be increased, 6 months away, half of the term of the fixed rate deals. + + +--UPDATE--- + +Someone found the published TCR rates for October 2021, the good news is they are still significantly lower than the fixed rate deal, the bad news its higher than my calculated gas unit values. + +https://www.ofgem.gov.uk/publications/record-gas-prices-drive-price-cap-ps139-customers-encouraged-contact-supplier-support-and-switch-better-deal-if-possible + +**From 1 October the equivalent per unit level of the price cap to the nearest pence for a typical customer paying by direct debit will be 21p per kWh for electricity customers and 4p per kWh for gas customers.** +My wife and I are starting the barefoot model, with the 4 buckets + +- Daily Expenses (Orange everyday) +- Splurge (Orange everyday) +- Fire Extinguisher (Savings Maximiser) +- Smile (Savings Maximiser) + +The confusion comes in, as we've already got an ING home loan with an offset account. +The offset is managed by ING as another Orange Everyday account. + +ING only allows customers to have 2 Orange Everyday accounts. + +So do I use the offset as Daily Expenses or Splurge... or do something else entirely? +Was thinking of getting balls deep into AMC. Missed the $4 entry (rip I was hesitant af) and planning to get in premarket at $8+. + +I know AMC has a relatively high SI % float, but with the unfolding of a certain stock , + +1. Can large hedge funds/shorters /MMs somehow take a certain course of action to ensure a suppressed squeeze? Is there any possibility ? + +2. Also, what are the potential downsides of going into AMC? + +I read the DDs on a certain subreddit about their consistent revenue growth etc. , but they plummeted abit before COVID started and went all the way down during COVID. I can only think of AMC declining if WANDA decides to bail out but given 20% ownership I donā€™t think so... + +(Sorry if it sounds like abit of a noob question) +I fucked up this fortnightā€™s budget and canā€™t make my mortgage payment which will attempt to automatically direct debit this evening. There isnā€™t enough money in the account. + +Iā€™ve never missed a payment for anything in my life so I have no clue what the process is here. + +Iā€™m expecting some holidays paid out (new job) on Tuesday but also my next payslip in 3 weeks can cover this missed payment plus the next one and all my other bills. In short I have the money coming and assuming I can pay later, I wonā€™t fall behind. + +Two options Iā€™m considering: + +1. Borrow money off family +I will make my payment and everything should be fine. Only downside is the inconvenience to myself and family needing to facilitate this. And also need to figure out an instant way to move about $2k of cash into my account as some methods have a multiple business day waiting period. Withdraw cash from atm and deposit cash into atm? + +2. Call bank and arrange to pay it later. +Very convenient, however Iā€™m unaware of the consequences. Basically my credit score / serviceability. Can doing this harm my credit score and loan serviceability? Is it possible that my credit score remains fine but my serviceability for my current bank is impacted due to internal policy about customers deferring payments? + +To summarise: +What are the negative consequences of deferring my mortgage payment? + +Edit 1: + +I just want to say I appreciate everyoneā€™s comments here, even those expressing concern to whether or not I can afford the property. I know it can be difficult thing for people to hear but sometime the truth can be hard to swallow. + +That being said, I do believe I can afford the mortgage. + +To address some comments: + +Perhaps missing a payment is indicative that I canā€™t afford the home, however I believe I can afford at it. + +My repayments are 1700 a month. Rates are 1600 every 6 months, and insurance is 120 a month. So about $506 a week using exact figures from my budget. Cheapest rentals to support 2 adults and 3 kids are around 350-400 a week in my area. I admit Iā€™m not factoring in unexpected repair costs but it is a brand new home so a lot is under warranty and these issues popping up in the short term are unlikely. + +Also, im working and my partner is not (convenient this way with the kids), so our contingency plan to deal with an unsustainable budget (maybe rates go up a heap) is to have her work which adds a lot of cashflow. However currently without her working, our budget allows for excess of $560 a week on top of all regular expenses. + +Also a good argument can be made that I should have an emergency fund and not be living paycheck to paycheck. My answer to this is that itā€™s temporary. Our new house took 2 years to build instead of 5 months as was promised so we have been paying rent plus mortgage plus storage fees and extra fuel so itā€™s chipped away at our emergency fund over time. + +With our situation stabilised I believe we can afford the house, and if not, my partner can go back to work. + +Edit 2: + +I have called my bank and deferred the payment until Thursday, and I expect to be payed Monday. + +This results in no impact on my credit score, but will show internally that my account is in arrears. The banks says this shouldnā€™t impact my eligibility for any product in future as it is only 5 days and they have noted the reasoning. Assuming that I make the payment all should be well. +In 7 years of running an investment portfolio, I have never been able to successfully chase outstanding debts from tenants who have absconded. Now with COVID and arrears, there's a high risks of tenants doing the same thing. + +Has anyone had experience in successfully getting debts paid? I have tried the lawyer route before and they charge thousands of dollars to send fancy-worded letters to documents that never produce results. + +Are there other options to go with? +Hi everyone! I'm not saying this will help everyone, but in the last few months I've saved a fortune on our monthly outgoings by spending a few hours just going over our outgoings. I'm hoping what I did might help someone else out there! + + +Note that this is for a family, not a single person, but the methods should help everyone where applicable. + + +**1. BROADBAND** + +We got a letter from our ISP that our internet bill was going up in October. I called them and asked a few simple questions; why is it going up, when does my contract end, is the package still relevant to me? A 15 minute call got me Ā£15 per month knocked off my internet and upgraded to the next tier! Note that we had to sign up for an additional 12 months so be aware if you don't want to be locked in. + +**2. GAS AND ELECTRIC** + +We made the dreaded mistake of being on the standard tariff. We called up and asked their best fixed price. We then asked what our average gas and electricity usage was. I put this into a comparison website and saw automatically massive savings. We choose the best one that suited us and saved Ā£40 a month! + +**3. MOBILE PHONE** + +If youā€™re not interested in getting a new phone (I always buy mine up front), then just give your service provider a call when your contract is up for renewal. Youā€™re effectively on a SIM-only deal now, so you should be paying SIM-only prices. For example, Iā€™ve seen deals less than Ā£12 which give you unlimited minutes, messages and around 10GB of data. You should be paying around that! Then, just wait for your phone to go down in price a few months later. This saved us Ā£22 a month. + +**4 INSURANCE** + +This one was a long shot, but it's always worth the phone call. I called my car insurance to make a change and just by chance it made my insurance for the year Ā£40 cheaper. Because I was nice to the person, they just made the change on the phone with no admin fee. As I paid my insurance up front, it was an up-front Ā£40 in my bank! + +**5. CUT THE CABLE** + +This might not sound great to others, but it was the best decision we ever made. We were paying over Ā£35 for Sky, but we werenā€™t watching any of it. Weā€™ve cancelled Sky and moved to Netflix and NowTV (which is part of Sky FYI) and have everything we need for less than half the price! Another Ā£22 in my pocket every month. + +**6. GROCERY SHOP ONLINE** + +We do all of our grocery shopping online. This stops us from splurging on things we donā€™t need. Itā€™s not to say we donā€™t enjoy ourselves ā€“ we always buy what we want. But Iā€™m not indulged to pick up a snack just because itā€™s in front of me. Yes, thereā€™s an up front cost, but weā€™re saving over Ā£15 on ā€œcrapā€ a week - Ā£60 a month! + + +**7. MORTGAGE** + + +I know not everyone has a mortgage, but make sure you get the best rate when your mortgage is up for renewal. We saved Ā£30 a month earlier this month for the next 5 years and got Ā£200 cashback! + + +These 6 things along saved us just over Ā£200.00 a month (plus Ā£240 up front!) ā€“ money in our pocket which we can use for other things! + +We have absolutely nothing to worry about with the price dropping so much. If anything, this is a PERFECT opportunity to pick up more shares. I recall seeing somewhere that if everyone picked up 145ish shares, we'd DRS the float entirely. If the stock keeps going down, we can DRS much much faster. + +Keep on buying these dips! WE ALL CAN FEEL THE PRESSURE BUILDING! + +BUY.HODL.DRS +Markets do not matter right now. We know that eventually, the market will bounce back like it always does. People are losing their lives, and that is the bigger issue at hand. My thoughts and prayers go out to all the people affected by this conflict. + +All of these discussions happening in the heart of the stock communities seem to go directly against all the talking points people spit out, like rhetoric. It seems like posturing as a good person is just a means to get people invested. + +I wish I had more confidence in my investments. I invested in a community and an ethos, and I'm really sad to see those values not being upheld. The community is focusing on their investments and not how to use market tools to solve the problems in the world. +We know GameStop is working with the SEC. We can assume they know how weā€™ve read into RCā€™s tweets to pull out dates, and nothing more blatantly than the NFT launch date. We know that so far none of these hype days have done anything more than spread false expectation and lead to lower prices. + +We think the hedgies are shorting specifically on those dates in an effort to demoralise us. I wonder then: is GameStop building hype out of nothing so SEC can witness market manipulation in action, and build a case to let these fuckers burn when they try to crash the economy at Americaā€™s expense? + +Smooth brained and probably wrong. But I wonderā€¦šŸ¤” + +Moon soon. šŸš€šŸš€šŸš€šŸš€ +I've working towards FIRE for quite a while, since before I learned about resources like this, and I'm pretty close to my "number". + +What I'm confused about though is why everyone says your spending will go down in retirement. Is this just a bit of conventional wisdom that doesn't always apply? + +My wife and I don't have kids, so we don't pay for daycare. I bike to work as much as I can so I don't pay for commuting. I don't spend much on lunches during the week, and I'll still have to eat after I stop working :-) + +Our house and cars are already paid off, and we don't have any major debts. + +If anything, I'll have to spend *more* because my job provides excellent insurance coverage that I will no longer have, I won't be able to expense my cell phone for work, and I'll have more time that I'll want to spend on hobbies that aren't entirely free. (for example I enjoy a lot of "free" things like hiking, but still usually have to drive to a trailhead) + +There are even small (but non zero) benefits like getting free coffee at the office that I'll no longer have. + +Am I missing something? + +[edited because I forgot to mention we already paid off our debts] +Howdy. I have lived in a medium-sized college town for my entire life and am currently a senior in high school. I was accepted into this college, and they awarded me a scholarship. 10,000 dollars is what I will receive annually. Normally, I wouldn't have ever considered living in a dorm because I want to graduate college with zero debt, but this scholarship has created a dilemma for me: should I stay at home, which is about five minutes away from campus, or should I reside in a dorm? My tuition is completely covered by the National Guard, and I don't know what to do. On one hand, I want to invest the scholarship money and leave with at least 40,000 dollars in various index funds, ETFs, and stocks. On the other, I want to create opportunities for myself and make a lot of friends while attending college. I have another year to weigh my options since I will be taking a gap year, and I want to know what your thoughts and opinions are on my decision. +After just 4 days lurking in this sub i now got Wallets set up, a Binance account, a miner set up on my PC, got a general idea of what Crypto is and invested my first 100ā‚¬ worth of ETH and altcoins. + +&#x200B; + +Thank you everyone who keeps this sub filled with informational gold (and sometimes comedy gold). + +Crypto to the MOON šŸš€šŸŒ• +[https://www.reuters.com/article/roblox-ipo/update-1-roblox-ipo-filing-shows-revenue-surge-as-gaming-thrives-during-pandemic-idUSL4N2I54D2](https://www.reuters.com/article/roblox-ipo/update-1-roblox-ipo-filing-shows-revenue-surge-as-gaming-thrives-during-pandemic-idUSL4N2I54D2) + +Place holding their valuation at 1 billion, they plan to trade under RBLX. Latest valuation estimates had them at 4 billion, and they think that can double when they go public. This is one to watch out for. +https://www.theinformation.com/articles/infighting-busywork-missed-warnings-how-uber-wasted-2-5-billion-on-self-driving-cars + +After five years and an investment of around $2.5 billion, Uberā€™s effort to build a self-driving car has produced this: a car that canā€™t drive more than half a mile without encountering a problem. ā€œThe car doesnā€™t drive wellā€ and ā€œstruggles with simple routes and simple maneuvers,ā€ said a manager in the unit, in a 1,500-word email sent three weeks ago to Uber CEO Dara Khosrowshahi, warning of the issues. + +The self-drivingā€“car unit ā€œhas simply failed to evolve and produce meaningful progress in so long that something has to be said before a disaster befalls us,ā€ said the manager in the email, which The Information has seen. The managerā€”whose identity The Information confirmedā€”reflects a common belief across Uber that the unit, known as the Advanced Technologies Group, is destined to lose the high-stakes race to its rivals, which have demonstrated a lot more headway, comparatively speaking. + +The ride-hail giantā€™s Advance Technologies Group has been beset by infighting and setbacks, the Information reports, leading to fears that rivals like Alphabet-owned Waymo and Appleā€™s self-driving tech may soon leave it in the dust. + +Despite the team first beginning its research in 2015, Uberā€™s self-driving car ā€œdoesnā€™t drive wellā€ and ā€œstruggles with simple routines and simple maneuvers,ā€ a manager in the unit told CEO Dara Khosrowshahi, the report said. + +ā€œThe talent is still here to get this job done, but the belief is waning,ā€ he said. + +The manager raised the alarm because the arm of the company ā€œhas simply failed to evolve and produce meaningful progress in so long that something has to be said before a disaster befalls us,ā€ according to The Information. + +Teams within the group have competing philosophies, according to the report, with members who were recruited from aerospace or the government focused on safety above all, while engineers feel that progress is moving too slowly in the wake of a 2018 accident which saw a pedestrian killed by a self-driving Uber in Arizona. + +The engineers feel that Uber ā€œovercorrectedā€ following the accident, and ā€œwant to go back to theā€¦ fatality days,ā€ one member of the team told the Information. + +Uber has been adamant about its public commitment to safety with its self-driving cars. + +SEE ALSO + +Self-driving Uber kills pedestrian +ā€œWe arenā€™t just building software and throwing it on the road and seeing how it works. Everything we make has to have rigor around it in verification [of the softwareā€™s safety],ā€ Eric Meyhofer, chief of the self-driving unit, told the Information. ā€œThat can cause frustrations, and I see that too.ā€ + +Jon Thomason, who last week revealed he was leaving Uber after three years as the head of software engineering for the autonomous team in favor of a CTO position at AI company Brain Corp., said in his farewell letter that the team was increasingly ā€œbogged down in many layers of things that are not real work, and most insidiously, activities that donā€™t even lead to real work.ā€ + +Employees within the unit are reportedly skeptical of the ability of Khosrowshahi ā€” the former CEO of Expedia ā€” to hold the unit accountable. + +Former CTO Thuam Pham, who quit in April, told the publication that over the past two years he ā€œperiodically raised concernsā€ about how much progress was being made by the unit. + +ā€œI just donā€™t understand why, from all observable measures, this thing isnā€™t making progress,ā€ he said. ā€œHow come there hasnā€™t been accountability or transparency.ā€ + +Khosrowshahi declined to comment on the report, but Meyhofer defended the executive, calling him ā€œmore than proficientā€ in his understanding of Uberā€™s self-driving goals, and adding that he ā€œdefinitely has the chops to evaluate our milestones or our progress toward our milestones or to help in articulating what milestones to think about or how heā€™d like to see us describe our progress,ā€ he said. + +Meyhofer said that the self-driving unit, which last year got a $1 billion investment from a Toyota-led fund, would likely raise funds from outside investors, as profitability is still years away. + +ā€œSince we took the first investment money, that began the journey of us being thoughtful about how to go the distance,ā€ he said. ā€œWe expect to have more partnerships.ā€ + +Shares of Uber were up 3.7 percent Monday morning after a British judge granted it an 18-month taxi license to continue operating in London, one of its biggest markets. +I was still a student in 2008 and was not investing yet + +I'll be interested to hear some of your stories. + +What was the impact on your investments? How much did your portfolio go down? What was your asset allocation like? + +Did you react the way you thought you would react? + +Any lesson you've learned that could be useful for the rest of us? + +Cheers! + + +7/15 EDIT: Thanks for all the responses. Just to keep you all posted, I was able to get my insurance switched to USAA and its now $100. If you want to know how it's all going, I'll be checking this and giving status updates. Thanks again everybody! +---- + +Currently going through a Divorce. STBX wound up in an abusive relationship and because of that situation I now have custody of our school aged son. I'm in the Military and just received orders out of state. I'll be taking my son with me and his mother is staying put (financially stressful). + +I recently received notification from family services in another state, that someone is claiming I am the father of their 8 year old. At first I thought it was some kind of scam but I received a letter ordering me to take a paternity test. I'm horrified. If this test comes back positive I assume I will be paying child support. + +To prepare for the worst I input my information into the state's Child Support Calculator. Worst Case Scenario, from my calculations, I will be paying approx. $1K per month. + +I can't afford that. Currently I have about $100 dollars left at the end of the month. I've depleted my savings, fighting for custody of my son. I have debt from the previous marriage (Credit Card Approx. $13K, Personal Loan 2.5K) living expenses, daycare, car payment. My car is fairly new. It's a 2015 Honda I'm thinking of selling it, or trying to find some way to get someone to take over payments but both of those options are going to be tough to impossible. Also I have to have reliable transportation. I put this in the "need" category. + +I'm considering getting a studio apartment at my new duty location. This is going to be painful, because I really want my boy to have a room. Even if I get a 1 bedroom, I have no problem living on the couch, while I get our finiances together. + +Other than lube, is there anything I can do? Any suggestions are welcome. + + +EDIT: Specifics on Finiancial Situation + + +Income: $4000/month + + +Expenses: $1650 Rent, $400 Daycare, $350 Car, $200 C.Insurance, $350CCard, $275Loan, $100 Cell Phone, $120 Electric, $100 Gasoline, $ 200 Groceries, $120 Internet + Netflix&HULU, $200 Savings (I used to look at this as a bill but now its more of an If I can). + +Debt: 12K Credit Card, 17K Car, 2K personal Loan. +I received an email from corporate stating that there was an employee buy in program happening, I feel as if its maybe too good to be true but figured Id ask anyways. The company's stock has been relatively stable the last 5 years (+/-15% at most) so I know the odds of me making large gains on the stock itself are questionable. The program is as follows: 20% discount on the share price, I'm allowed to invest maximum of 25% of my annual gross salary (~120k), and dividends are paid out as more stock (last couple years the dividend has paid out about 5% of the stock price) but the stock needs to be held until 2023, so a 5 year hold. Even if it didn't increase much in price wouldn't I still be looking at a 20% gain? minus any capital gains taxes? Sorry I'm kind of new at this. + + + EDIT: I guess I may as well just say that this stock is for Veolia Environment, traded on the EPA (French stock exchange) under VIE +It's surprising to see so many people speaking about the market considering they opened their accounts very recently. I'm not saying you can't express your opinion, that's what we're here for, it just gets a little annoying when people freak about the market. Settle down, you're an investor, not a gambler. Take your ass to r/wallstreetbets for that. I'm in it for the long term, decades. (Mid thirties) Been investing since high school, started in 2004 +So i was in a work accident when i was 18, i received a lump sum 2 years ago, i was drinking a lot then so i asked my mom to hold onto it till i sobered up which i have.... I've received a steady income and since my accident people from my moms side have come to me for loans.. On top of the $21,000 i put in my moms savings, her family, my sister, grandpa, uncle, and my mom, owe me around $4150 from over the years, i was recently approved for a mortgage and forced my mom to show me my savings account and found out i was sitting at $17,000, she dipped in when she was helping refugees in kos for 2 months... She's going back to help refugees, even though she's broke, again, but refuses to transfer my money "until i buy an apartment" which makes no sense since i need the deposit before hand... I'm done with my moms side of the family, taking advantage of a disabled persons income is just sad, any advice is welcome. +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 r/financialindependence, I am a long time lurker but a first time poster. + +Recently my girlfriend of 13 years left me. We had been dating since I was 14. It was all because of my attitude towards money. + +Here's some background: + +I grew up poor. My family was very blue collar. I lived in a trailer with my four siblings, Mom was a mechanic, Dad was a waiter and both we making minimum wage. Money was always tight. + +From a very young age my father instilled in me the value of money. It's what kept you alive, with a roof over your head and not starving in the streets. Spending money unnecessarily wasn't just stupid (Dad always reminded me that I couldn't afford to be stupid), it was a moral failing. It was sinful, and you should be ashamed of yourself for acting so badly. + +Growing up, I very much took this to heart. I could pinch a penny until it screamed. I started working at 17, and managed to put myself through college without any loans just by working full time. I lived in a 600sqft house with four roomates, eating rice, beans, tuna, milk and not much else. Any cost that could be cut, got cut. The way it should be. + +Drinking and going out?. Sorry, I can't. +Split a pizza? No, I have food at home. +Drive to Tahoe? Gas is expensive, and it's just cheaper to stay put. +$10 a year for Netflix? There's a library up the road and it's free. + +I never even bought textbooks when I could help it. I could usually bribe someone to let me take it home for the night and photograph every page. My goal was to live off as little as I could stand. Which I calculated to be about $15,800 for my city. So that's that I did. + +I was lucky to major in computer science, it's a booming field with lots of high paying jobs and a shortage of people to fill them. I went from minimum wage to making $75,000/yr to $90,000/yr to $115,000/yr to $145,000/yr over the corse of my career. I'm 27 now, and I make almost 7x as much as most of my childhood friends do now. + +I refused to change my budget, minus a few COL adjustments. I was going to live off <$20,000 if it killed me. Spending money doesn't make me feel good. It makes me feel stupid, weak and honestly a bit sick to my stomach. Even now, my car is a beater, my cellphone is an old Android with a $5 prepaid SIM, and my clothes are all from the thrift store, I live with 3 roommates to keep my rend under $800. I don't want to change any of this, because that would be suboptimal. + +This obviously was a point of contention between my girlfriend and I. I met my girlfriend in middle school when she was 13, and we starting dating right away. To her credit, she stuck with me despite my compulsions. She never demanded much, just my time really. So we got along very well. She only just recently graduated from Medical school, and began her residency. In other words, she only recently began 'adulting' for lack a of better word. + +Now that she has a bit of freedom, she wanted to live her life. She wants to travel, go out to shows and restaurants, have a house with furniture in it, shop somewhere besides Walmart, get out of the ghetto. You get the idea, she wants to spend more money. Justifiably so, but it's so hard for me. + +I attempted to compromise with her. I began to rationalize my spending habits, agreeing to spend a bit more on things which were for her benefit. Never on myself, but I could do it for her. And I did, but apparently I have a way of taking the fun out of things. She told me my attitude has a tendency to sour things which should be fun. Which is true, I wasn't enjoying myself when we were out, I felt dumb and guilty. She said I ruined our trip to Paris, by looking like I wanted to die the entire time. It's all true. + +Anyway, long story short, she left me the other day. For the reasons I just told you about. I guess I just wanted to post here to see if anyone has had the same troubles I do. How do you deal with it? Has it negatively affected your life? Does anyone else here get physically sick when spending money? + +Thanks to everyone who can reply. + +Edit: + +Thanks everyone for your replies. It's given me a lot to think about. I don't think things between me and my (ex) girlfriend are irreconcilable, provided I can learn to be less stringy with my money. My immediate plan of action is two-fold. (1) talk to some kind of therapist about my issues, possibly a couples therapist. My girlfriend just so happens to be a psychiatry resident, so I happen to know quite a few. (2) Create some form of a budget. A lot of you recommend putting aside some amount of money every month, which can't be saved, and has to be spent on 'fun' things. It's going to take a lot of mental effort, but I think I can learn to be okay with this. I just need to remember that what I was doing before was a bit beyond the pale, and honestly not totally rational. + +Once again, thanks everyone. Sorry if I didn't get a change to reply to you, but I did read every comment. +# Stonk Picks For The Week + +I posted last Sunday in [r/Options](https://www.reddit.com/r/Options/) my [plays for the week](https://www.reddit.com/r/options/comments/jqlhvn/i_draw_with_crayons_so_you_dont_have_to_made_4k/) and updated the thread Monday morning when I entered the position. Last week I netted about $1,500 on $80,000 or roughly 2%. Not bad considering most stonks ended lower for the week and a few of my positions were looking at risk of being assigned. [The week prior](https://www.reddit.com/r/wallstreetbets/comments/jmbuff/i_draw_with_crayons_so_you_dont_have_to_this/) I netted $4k on $75,000 or 5% return. + +Please refrain from any comments such as "only 1% per week dude you suck". 1% per week will double your account in about 80 week. So yes that's all I aim for. + +**What am I doing?** + +I do technical analysis and selling cash-secured-puts 1 to 3 weeks out on stocks that are nearing key levels of support. My goal is to collect premium, but should I get assigned I have absolutely zero problem running the wheel on stocks I want to own. As a backstory I nearly blew up my account doing WSB-style plays in March but have regained all of my account and then some running this strategy since April. What I do now is basically wheeling on weekly puts. + +I watch over 200 stocks, I would say its 90% waiting game and 10% true technical analysis. My levels work, but it's normally because I am patiently waiting for an entry point. Yes that's a lot of tickers to watch, but I research my stocks on weekends and then monitor additional plays & levels during the weekday to see if there is an obvious setup I want to participate in. + +**Here's a few things regarding my strategy** + +**1.** I don't do spreads because if the stock price blows past your long strike and you assume max loss you need a lot of capital to actually be assigned the shares. For that reason I don't really see spreads as a "Theta Gang" play and is still very high risk. + +**2.** I only sell cash-secured puts with the capability to be assigned if need be. My goal is to never take a loss on a position and always wheel it back to profitability. If something has changed fundamentally with the stock then yes I will close the position and realize the loss. + +**3.** If IV on a ticker is very low, then yes I will outright buy shares instead. + +**4.** I only aim for 1-4% per week collecting on theta and an occasional earnings theta yolo. No call-buying, no spreads, only put-selling! + +Honestly, that's about it. I'll go through some tickers on my watchlist this weekend and what I currently have open. + +# Open Positions From Last Week + +**BABA**: 1x CSP $260 strike 20 Nov expiration, 1x CSP $245 strike Nov 20 expiration. + +I opened the $260 strike put last week when the stock dipped, then opened the $245 strike put on Friday after the stock dipped for a second time. The $260 was down about 25% when I opened the $245 and I saw it as free money to get me back to at very minimum break-even on this particular ticker by this upcoming Friday the 20th. These 2 CSPs are taking up a fuckload of my buying power, so I will need to close them if I want to open up additional positions because I don't like being over-leveraged. If BABA gets a pop on Monday, I'll close out one or both and free up some capital if I want to enter new positions. + +# Chart Rules + +**Pink Lines** = Trading range & channel. I find stocks typically trade within certain channels until an event, such as earnings or some news which changes the fundamentals of the stock price changes the trend and a new channel is formed. + +**Blue Lines** = Key areas of support/resistance. I don't like focusing on supp/res levels every $2 down like some people do. I look at the bigger picture and find where where key levels of buyers come in to grab the stock. I'll try to sell puts there. + +# Master Plays This Week + +**LULU - 4 week earnings run-up play** + +https://preview.redd.it/1li7lsn4yhz51.png?width=2430&format=png&auto=webp&s=3a52ab2615fbdc745084ff5eecfc0c3de87a55ce + +LULU has been trading in the same range for the last 5 months unable to hold the break-out, but not falling below support either. I'm feeling comfortable owning this stock around $310 range and expecting a potential run-up into earnings set to report mid December. I will look to sell Dec 18 puts to collect on earnings IV and see a potentially pump in the next few weeks. These will be about 4-5 weeks out, so I'll even sell closer to an at-the-money strike and hopefully find a good return. LULU IV isn't the best and the stock price will require a lot of buying power so I will keep an eye on some opportunities this week instead of jumping right into the play Monday AM. + +**Positions I'm looking at**: + +Dec 18 $300 strike put for $9.50 or $950 in premium, 3.17% return in 5 weeks + +**OR** + +Dec 18 $310 strike put for $12.50 or $1,250 in premium, 4.0% return in 5 weeks + +&#x200B; + +**DOCU - Earnings December 3rd** + +https://preview.redd.it/py6frev5yhz51.png?width=2434&format=png&auto=webp&s=b547e7f2b24e661e5e1e1b069b4a915344faad7f + +I made some money on DOCU 2 weeks ago. Last week stock price was crushed by vaccine news which turned out to be nothing but fluff. We can see DOCU is once again trading at the lower range of the trend/channel (pink lines). The trend is still up, but the stock price has been highly volatile failing each break-out and returning into the channel. I like selling $195 or even $200 strike puts if I can. All depends how we open Monday. DOCU is set to report earnings December 3rd. + +**Positions I'm looking at:** + +Dec 4 $200 strike put for $11.00 or $1,100 premium, a return of 5.5% in 3 weeks + +&#x200B; + +**AMD - A spin-off from NVDA earnings.** + +https://preview.redd.it/z39ri90cyhz51.png?width=2304&format=png&auto=webp&s=43185021db634a624327cadaae0792e097e98b83 + +I made some good money selling puts on AMD back in June/July when the stock was trading completely flat for 2 months. The price action from May-August is very similar to what it's doing now, just at lower stock price back then. Looks like it's been in a similar range for the last few weeks. NVDA options are quite expensive, so I'll be using AMD as a proxy and playing that. Looking at the fancy crayola support/resistance lines I drew I think there will be buyers if we get down to $78 or $74. I'm comfortable **HODL**ing AMD at those levels and run the wheel if I need to. In my opinion, we can see a bullish bounce from NVDA earnings. If you have the capital and want to sell against NVDA I think there is a similar play that can be found there. + +**Positions:** + +AMD Nov 27 $78 strike puts for $1.10, a return of 1.4% in 2 weeks. + +&#x200B; + +**TDOC - TELEDOC** + +https://preview.redd.it/nr8v2rbdyhz51.png?width=2300&format=png&auto=webp&s=e5d4f41ae7c40013b0a00df854479fca014b6577 + +TDOC is a newly added ticker to my watchlist and I think will have good potential in the future. You might be seeing me enter this trade quite a few times in the next weeks. The TDOC chart has been highly volatile recently. I wouldn't say technicals don't matter, but it's quite possible this stock just blows past any support/resistance with ease. The stock has had a pretty good dip in last week's trading sessions and trading down 30% from the August highs. I'm comfortable selling the $175 strike put and owning the stock at that price if it continues to dip. + +**Positions:** + +Nov 27 $175 put for $4.30, or 2.5% return in 2 weeks. + +A lot depends how we open Monday, if market has a melt-up we simply wait until entry points become favorable to us. That might not be until later in the week, but patience is always key in the stonk market. If we open down then we can sell the positions mentioned at 1 or 2 strikes lower for the same premium, that's a win-win. Don't forget we have a monthly options expiration this week and it could be volatile. + +&#x200B; + +Hope y'all had a good weekend, **lets get this bread**. + +**10am UPDATE:** + +Closed 1 of my BABA CSP's for a 15% gain, will let the other ride to expiration or close at 90% to free up capital if I want another play. + +At the market open everything was moving fast. Wish I got in when everything was pretty red, but it climbed quick shortly after open. Entered only 2 positions so far, AMD + TDOC, I think I will add DOCU in there as well. I'm still liking most plays on my list, but going to sit tight for now. Lots of opportunities out there. Good luck all! Will post another update + +**Positions** + +&#x200B; + +https://preview.redd.it/7zcicbkdamz51.jpg?width=1125&format=pjpg&auto=webp&s=df7ebc4702398c8337b485acbffd9caf78e196c9 +Under here: + +https://coinmarketcap.com/currencies/bitcoin/ + +They have links to https://bitcoin.com/ and https://forum.bitcoin.com/ which are no longer BTC sites; they're BCH sites. + +I'm not good at twitter and don't have many followers but I've tweeted at them here: + +https://twitter.com/bitplane/status/955918445014585344 + +Can we raise awareness of this and get them to change it please? +Why is the average rent in an around Sydney letā€™s say $600 a week for a 2 bed apartment in Haymarket or a 3 bed terrace in Newtown $900 but when I look at home loan repayments if I wanted to invest in a property in those same areas for similar or same beds and amenities itā€™s would cost me $1000 or better for the rent. How do the owners of these homes keep the rent so low when they have rates/strata, water, management costs, maintenance costs. I just canā€™t understand please help. +Spread the word. They don't send out local sale papers like target or whatever. It is basically just the internet. LUCKILY GameStop has a badass following and we need to be their marketing volunteers and customers. Spread the word, share their tweets, like their posts. BUT for MOASS's sake, go to the store and buy anything, ANYTHING. I went to my local Gamestop this weekend and found their normal section of clothing was gone and replaced with cardboard boxes full of T shirts and games. Everything was $7 I think. So go grab a shirt or game or two. They NEED to get rid of this stuff. And WE NEED to do something about it. + + + + +https://preview.redd.it/uttuxilpp4b91.png?width=598&format=png&auto=webp&s=de972a44ea5260942b05ea31aaf9d5e6e9595954 +Lucky you, youā€™ve found someone who likes the look of you naked and can stand your not so funny jokes, well done. + +Now comes the tough conversations around money, odds are one of you has a little or a lot more than the other, and you may have different ideas on how you should manage money, or different experiences with money that have shaped your money behaviors. + +Psychologists note there are several recurring themes when it comes to relationship conflict, those conflicts usually center around: sex, jealousy and infidelity, chores and responsibilities, control and dominance, then lastly **future plans and money**. + +So to avoid conflicts and lower relationship stress, getting on the same page about money is important, and the best way to do that is by spending some quality time financial planning. + +The objective of the process is to help you set goals (future plans) and discuss how you will manage your money in line with those objectives, and ideally avoid conflicts on money issues, resulting in a strong and happier partnership. + +Today I want to focus on what you should be considering when entering a new relationship, what to watch out for and some tips and tricks from someone who helps couples with these conversations all day everyday. + +**Goals & Roles** + +Firstly, most couples like to divide and conquer, sharing responsibilities is important to getting more shit done and it lets people who have natural strengths perform in roles they are best suited to. So, someone is likely to wear the hat of finance manager, who that is, is usually the first decision you are going to make. + +This person will pay the bills on time, manage pocket monies for future children, manage financial policies and obligations like: insurance, taxes, investments, superannuation, bank accounts, debts etc etc. + +I recommend you have a regular meeting with your partner, at least once but ideally twice a year to talk money, track progress and set goals. + +* I find 2nd of July and 2nd of January are the best dates to do this, If you are like me then you enjoy a drink on the 30th and your mental capacity on the 1st of those months isnā€™t all that crash hot. + +Great now you have a finance manager and regular scheduled catchups, next up is: + +**Cashflow Management** + +Lets agree on one thing, if you and your partner are not yet ready to combine your finances, then your relationship is not yet a partnership and more time and discussion is required to work through what is holding you back from feeling ready to make this leap. + +Typically after 2 years of living together and sharing costs you are moving towards de-facto territory and should be wary of that, Iā€™m not a lawyer so donā€™t take this as a golden rule, just something to be aware of. + +Good cashflow management ensures you are managing your money in line with your stated objectives. It helps to have clear goals that include specifics like timeframes and expected dollar values. + +There are some logical steps to follow in understanding your cashflow position: + +*Step 1* + +Understand how much it costs for you to live, by doing a budget. Budgets arenā€™t scary words, its a roadmap of your spending and provides a great deal of insight. Use the ASIC moneysmart budget if you cant be bothered building your own spreadsheet: [https://moneysmart.gov.au/budgeting/budget-planner](https://moneysmart.gov.au/budgeting/budget-planner) + +*Step 2* + +Work out your income position, you will have regular wages coming in, maybe rental or investment income as well, potentially bonuses/commissions or other lump sum income. + +Websites like pay calculator are great at working out you taxable income position: [https://paycalculator.com.au/](https://paycalculator.com.au/) + +*Step 3* + +Subtract your planned expenditure from your taxable income and you will be left with a surplus or deficit, a good goal to aim for is 20% savings rate. + +The higher the savings rate the faster you will reach financial independence, but remember nobody like a stinge, so if your savings rate is up around 40% ask yourself are you really enjoying your life as much as you could. + +*Cashflow Structure* + +Segregating accounts for their purpose can be a great way to manage money, it should be fit for your purpose, there are many ways you can do this so find something that works for you. + +Example: If your budgeted monthly spend on Bills is $1,000, then have a regular transfer to a separate Bills account and link all your direct debits and pay all invoices from that account. + +* Youā€™ll know then if your bills budget is accurate without having to go through bank statements all the time. + +You can do this for other accounts like: Lifestyle (specific savings goals), Living expenses, Investments etc. + +*Tip* + +Try to avoid credit cards, especially ones with annual fees, while points are fun, you pay through the nose for these. They are also backward looking, and not conducive to living to a planned spend so can cause issues with savings patterns and achieving objectives. + +*Important Note* + +If your partner must come ask you for money, its likely you are exerting some level of coercive control and financial abuse, stop now and seek help! + +* You can learn more here: [https://www.wire.org.au/financial-abuse/](https://www.wire.org.au/financial-abuse/) + +Great, the cash is coming in, you know what your savings capacity is, and you have a plan for how you will allocate those savings towards your objectives! Now for the less fun stuff, what if it all goes wrong. ā˜¹ + +&#x200B; + +**Protecting Yourself** + +Especially for those who meet later in life, you can come into a relationship with a disparity in wealth, and protecting your hard earned savings is usually important to people. + +The best defence is not getting into a relationship with a dead beat, by that I mean, find someone who is on a similar financial footing, this provides you both protection as no one has anything to really lose from a split in the future. + +If youā€™ve fallen for the proverbial pool boy, and there is a disparity of wealth, then a binding financial agreement (Australiaā€™s Pre-Nup) is a powerful tool to protect each otherā€™s financial interest in the event of a relationship breakdown. + +* If someone has an issue with singing this, then they potentially have their own agenda, love rarely precludes someone from giving up their rights to your financial interests, so tread with extreme caution. +* Anything you build together from that point onwards is usually fair game in a separation down the road anyhow. + +These are expensive agreements because you both will usually need to seek independent legal advice, and care needs to be taken when making new or changing your investments. + +&#x200B; + +**Having Kids** + +Get your life insurances and estate planning sorted out ASAP to protect your dependants futures, Iā€™m sure everyone knows of someone who has been struck down by injury or illness and this can ruin families. + +&#x200B; + +Thatā€™s all folks, I hope you enjoyed this read, best of luck with your new relationship. +I was curious about out-of-pocket costs to have a baby at nearby hospitals, so I called my insurance and asked them the typical expenses. They said it is near $2k?! How in the world can anyone afford that without a serious emergency fund? There was an article the other days that said about 30% of Americans have less than 1k in savings. What does the average "non-PFer" do to afford this? Is this number way off? +Can someone explain how this works? +So say for instance I'm staying within a complex and the rent is $1000 and goes up yearly + +1100, 1200, 1300, 1400, 1500 etc... + +At what point does the rent stop increasing? As in would we ever have that same unit eventually reach 3k or more per month? + +I don't understand because it's not like everyone gets decent raises yearly or everyone is at the top of their companies. + +Low income you practically need to work a part-time job to qualify. +I honestly cannot think of a coin that was anywhere near this high of market cap and plummeted so much. Yes, one can argue ICP launched just as a bear market started, but hardly any coins in the top 100 by market cap fell anywhere near this amount. ICP is a true outlier. +This isn't new information. We have known since the start that the shorts only way out is to hit the bankruptcy jackpot. + +Nothing has changed, as long as GME does not hit zero and stay there for 2 years, the only way to close a short position is to cover. And Gamestop is too strong of a company now for that to happen. + [https://stockmarketnews.today/2019/10/14/trade-deal-china-wants-more-talks-before-signing/](https://stockmarketnews.today/2019/10/14/trade-deal-china-wants-more-talks-before-signing/) +So Iā€™ve been investing in stocks for almost 2 years now and Iā€™m actually in the green, but my portfolio is not very diversified and really want to invest in a ETF. The only thing I havenā€™t been able to find in research if you should invest in a ETF like a stock. Like should you invest on a dip or a low? Is there a support and resistance for ETFā€™s? It seems like most ETFā€™s are close to a high or not even close to a low. +I rolled my old 401k into an IRA and invested in a 13 ETFs. I think I picked too many ETFs and some may be very similar to one another. I'd appreciate some advice on how I can improve my portfolio, any ETFs I should buy, sell, etc. + +Investment | Amount +---|--- +iShares Core Dividend Growth ETF | 4.47% +iShares S&P Small-Cap 600 Value ETF | 6.47% +iShares Core S&P Total US Stock Mkt ETF | 10.72% +iShares Core S&P US Growth ETF | 11.35% +Vanguard Mega Cap ETF | 12.18% +Nuveen ESG Mid-Cap Growth ETF | 3.73% +Schwab US Large-Cap ETFā„¢ | 11.47% +SPDRĀ® Portfolio S&P 500 Growth ETF | 10.17% +Vanguard Dividend Appreciation ETF | 5.14% +Vanguard Total Stock Market ETF | 8.63% +Vanguard Russell 2000 Value ETF | 5.48% +Vanguard Total International Stock ETF | 3.14% +GraniteShares XOUT US Large Cap ETF | 1.95% +Cash | 5.09% +Recently came across AVUS and noticed it doesnā€™t hold Tesla (which is a pro in my opinion). Looking at for a little more information on this ETF and other peoples thoughts? I know AVUS is very new but seems to be a mix of VTI/VOO with some sort of screening process? Looking to couple this with my VTI holding. +*Disclaimer: Any commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. For proper financial advice, seek professional guidance from an accredited and registered professional outside of Reddit.* + +If you are new to r/ETFs, please familiarize yourself with the rules listed in the sidebar. + +**Post, upvote, and comment on ETF portfolios!** +Looking for alternatives to traditional market cap weighted funds. What are some well known alternative etfs that take a different approach to security selection? +My ETF strategy for the next 30 years (until retirement) was originally going to include a combination of VOO, QQQM, and QQQJ - but I started researching more ETF options and have stumbled upon the under appreciated VUG, for simplicity. Instead of contributing to 3 funds it would be a lot more simple (and easy to stay consistent) by just contributing to a single fund that essentially acts as a hybrid of the other 3. + +VUG (Growth) | VOO (SP 500) | QQQM (NASDAQ 100) | QQQJ (NASDAQ Next 100) + +Pros: +* Lower aggregate expense ratio of 0.04% (just above VOO at 0.03% without the Qā€™s averaging that up with their 0.15% expense) +* No rebalancing needed (less taxes over time) +* Gain exposure to a wide net of stocks included in the other 3 +* Own the top 300 growth stocks at all times +* No picking and choosing what ETF to invest in, just funnel it all there. VUG and chill. +* Much more diverse than the Qā€™s while still maintaining a growth edge (includes Disney, McDonalds, Visa, MasterCard, Salesforce, Home Depot, Thermo Fisher, Nike, etc all of which I am happy with) +* Gets the blue chip growth names from VOO +* Gets the large cap growth names from QQQM +* Gets the mid cap growth names from QQQJ +* Basically is an ETF of all of the stocks that I would want to invest in individually +* Did I mention all for only a 0.04% expense ratio? + +Cons +* Donā€™t get the minimal ā€œvalue stockā€ exposure from the slice of VOO (which I am honestly fine with) because most stocks filtered out are very ā€œboomer stocksā€ that I would not invest in individually if I had the choice (at least during my capital appreciation/growth phase of investing). Just being honest. +* Donā€™t get international exposure outside of the hundreds of multi-national companies based out of the US. Too much diversification can lead to diworsification. I believe the US is one of the best places for growing and innovating companies to flourish. Also donā€™t want to invest in places like China with the CCP. + +Thoughts? + +Note: Before I get flamed for not following the classic 3 fund boggle heads portfolio, I plan on switching over to that in retirement. I very much believe in the premise but would rather take my chances to squeeze out extra growth if I can while working. +Just been getting into investing this year and been building an ETF portfolio. Now I'm wondering how many ETFs you guys think is too many? There's so much out there that interests me. All the megatrends and more specific ETFs. I now have 8 different (32k spread out among them) but still eyeing a couple more. Still have around 20k cash at the moment waiting to find a home. +I just placed the biggest order (for me) on ETFs. While my risk is calculated and aware of what I am.geting into, I was fidgety and wanted to get some educated opinions on my choice to invest 5 figure amount +At 50% ARKK (diversity and growth) +20 % Arkw +15% arkf +8% arkq +Remaining _ thinking about $SOXX. + +I understand there's a little bit of overlap between the different ETFs and I'm okay with it. Based on what I saw and researched our investment invest in solid technologies that has a promising future but anything with over a 200% growth within a year is generally deemed to be volatile. So wanted to get some opinions from the experienced lot here. + +Thanks... +Hello! I'm very new to investing, and I would like to learn more about where to invest, how to research, things like that. + +I'm a 22 year old graduate student, with a fair few expenses with tuition and travel, and while I've heard people say that the best time to take risks in the market is when you're young, I don't feel completely confident in my abilities to read the market right now. I invest mostly through Acorns and a couple of ETFs (VOO, PBW, ESGU, and ARK) with maybe $60 in Robinhood right now. I wanted to start very small just to see if I could figure out where growth was heading, but for the most part it's not been great. + +So my questions are, I suppose: +1) What should I look for in researching a company or ETF to know if it has good potential +2) Are there any resources which can help me better understand ETF investing, and the stock market as a whole? +I have heard/ read a lot of good things about India, Bangladesh, Chile, South America, and Indonesia, however for the most part Iā€™m unsure why the crowd is bullish on these stocks. What bills/ financial decisions are these countries making that make us bullish? + +Also what other international countries have some future potential and why? Taiwan? South Korea? +New and young investor (22) that is in it for the absolute long haul (AT LEAST 10-15 years) Most of my holdings are in VTI but I like the exposure QQQ gives. Is that too much overlap? If it is, what would be a good alternative? Would really appreciate the input. +**EDIT: After hearing feedback, especially about the overlap between VTI/QQQM/QCLN, I consolidated to VTI, added bonds, added VUG as a factor tilt on VTI, and swapped ARKK for ICLN, a clean energy fund with a decent ER.** + +Below is my current plan for Monday morning. Let me know if I should be considering alternatives, or if this makes sense. For some background, I am mostly interested in tech/s&p500 type stuff. Tear me apart! 10k, allocated as follow: + +VTI - 50% + +BND - 25% + +VUG - 15% + +ICLN - 10% + +~~SPY - 25%~~ + +~~QQQM - 20%~~ + +~~QCLN - 15%~~ + +~~ARKK - 15%~~ + +I'm also open to suggestions for expanding into additional ETFs as well. I will likely be putting about 1k into investments each month going forward. +What are your thoughts on EV ETFā€™s? Iā€™m currently looking at KARS, IDRV and DRIV. The expense ratios seem a bit high but I feel like they could turn out to be great investments as I believe the future of transportation is going towards EV. +Hello friends, + +The idea of an All ETF portfolio appeals to me, and Iā€™m looking to create one. The ETFs that I currently want are $LIT, $VTI, $QQQ anddd thatā€™s about it. My biggest issue is that I know I wonā€™t be reinvesting any money and I have a bit of money on margin. If the market does correct and I near a margin call, Iā€™ll be forced to liquidate a portion since I canā€™t double down. Wait Iā€™m an idiot, fucking dollar cost averaging right? šŸ˜‚ Anyways, are there any must have ETFs? How many ETFs should I include in a portfolio with all ETFs? +Recently came across AVUS and noticed it doesnā€™t hold Tesla (which is a pro in my opinion). Looking at for a little more information on this ETF and other peoples thoughts? I know AVUS is very new but seems to be a mix of VTI/VOO with some sort of screening process? Looking to couple this with my VTI holding. +Hey all currently invested in VTI, VXUS, and BND. I want to add ARKK because it has the companies I buy and use from everyday. + +Would this be a bad idea due to its volatility? + +Thanks! +I would like to organize my "three bucket" accounts; Tax-Free, Taxable and Tax-Deferred +I've been following the Canadian Couch Potato (CCP) strategies and Boglehead mentality. + +I am currently trying to max my TFSA by investing 50% of my anual income each month. +I have an emergency fund put aside and I make $100,000 anually. + +I am following the typical CCP strategy, by investing into: XAW and VCN (When I get older I will purchase ZAG) +My allocation percentages are: 95% XAW and 5% VCN currently. + +First I will max out my TFSA - then once my TFSA is maxed, I will put $500 into: TFSA, RRSP and Taxable accounts. +The remaining 50% of my anual income I will fund into my RRSP until that is maxed as well. + +What I would like to discuss here, is what would some good options be for my RRSP and Taxable accounts? +Should I put VGRO into my RRSP and Taxable account, or VEQT + VAB / XEQT + XBB? +Should I just do the XAW + VCN + ZAG into all three accounts? + +Thanks for your time, hope you all enjoy the weekend! +I'm really thinking of buying ARKK, but I'm worried my data is skewed by Tesla's recent gains. Also I'm not very familiar with the healthcare industry. Do you think it is a strong ETF even without tesla? + +Edit: this is a Roth IRA at fidelity with roughly $40k +Iā€™ve read a lot and asked some questions. I was previously way over indexed in the same few tech stocks. How does this look for current + ongoing daily investments: + +VOO: 50% +VXUS: 20% +VB: 20% +VGT: 10% + +I am betting long on tech/IT firms which is why Iā€™m including VGT. I also wanted to get into an energy ETF, but it seems like a bad time to buy in. + +Thoughts? +Iā€™ve recently moved some of my savings into my brokerage and purchased shares of SGOV. Before anyone tells me Iā€™m better off putting it into a HYSA, short term CD, money market fund, etc., I simply donā€™t want to open yet another account if I can capture a similar yield in one I already have. I also cannot figure out how to purchase a CD or MMF through my broker (TD Ameritrade) and I give up trying. Lazy, yes. Stupid, maybe. (If anyone can enlighten me here, I would appreciate it!) + +Anyway, it seems like a no brainer to go with something like SGOV since interest rates continue to rise (somewhat benefit from interest rate risk), the short term duration of the bonds held (cycle out bonds with lower rates quickly as new issues with higher rates are brought in), and what appears to be minimal downside risk to the principal (next to no credit/default risk because the bonds are all US Treasury). + +So what am I missing here? Whatā€™s the catch? Tell me if Iā€™m an idiot. This ETF seems too good to be true to just sock away some savings or extra cash that may be needed in the short term. + +Thank you. +Hi everyone! + +I am very new to investing and I decided to began with ETFs. I am a student, so I can allocate only 50 dollars monthly. Week ago I bought ESPO for 36 euros. I prefer higher risk than waiting a long time for earnings. Any suggestions ? +I plan on holding Visa for the long term as well as VTI/VXUS. Is allocating 20% of your portfolio to individual stocks too aggressive? I am in my mid 20's and I plan on investing in a few more individual companies that I believe will continue to grow in the future. I will keep investing in VTI/VXUS as well and keep it at a 60/20 ratio. +*Disclaimer: Any commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. For proper financial advice, seek professional guidance from an accredited and registered professional outside of Reddit.* + +If you are new to r/ETFs, please familiarize yourself with the rules listed in the sidebar. + +**Post, upvote, and comment on ETF portfolios!** +I have about 15'000 CHF laying on my savings account that I want to put to work. I don't need it short term and have enough liquid means besides it. My Idea is to dump it into a MSCI World and one or two other broadly diversified ETFs and wait. My horizon is easily 10-15 years. However I'm wondering if I should wait for the market to go down until I dump it all in or is this stupid and exactly not what a long term investor should do. +31. 401k maxed. 6 figure income. + +I know a lot of people tend to go for numerous ETFs spread across the market. + +For simplicity, what are the thoughts of a Brokerage account being: + +**50% ITOT / 50% ARKK?** +Hi All, +I am relatively new to etf investments and have a basic question. As i understand, etf's are good long term investment strategies. So lets say i buy vanguard etf every month, and after 20 years of regular investing i have a total of 500K dollars worth of etf's in my portfolio. Now if i wish to liquidate my entire amount, can i do this irrespective of whether there is a buyer or not ? +Or can i only liquidate this if somebody else is willing to buy my etf's ? +If its only possible to liquidate if a buyer is willing to buy my etf, is that not a risk ? Because i may have etf worth a million dollars, but if i cannot liquidate them , then it holds no intrinsic value. Please help me understand. +I am considering changing from a target date fund in my 457b account to a classic three fund approach. The 457b is a supplemental account on top of my retirement pension. The target date fund in the 457b is not performing as well as the S&P 500. I am looking at switching to a S&P 500 index fund, an international non-US stock market fund, and an inflation protection bond fund (composed of TIPS, commodities, and REITā€™s) with weights of 75/15/10. The traditional bond fund only performed at 0.5% interest during the past quarter and less than 2% for the past 2 years while the Inflation Protection Fund has been ranging from 2.5% to 4% on average. + +I am getting matching for up to 4% from my employer and am increasing my contributions. I am only 50 but will have 25 years on job in 2 years and am considering retiring early (where I would get approximately 3000 in monthly income from pension and 457b) and getting another job in another, less stress inducing profession as I have health issues. I also need to put in more quarters to qualify for Social Security when I am 65 as my government job does not pay into it. + +Am I thinking clearly here? Constructive advice would be appreciated. +What if you invested something like $1000 everytime the market dips, into TQQQ? It seems like, in the long-run, that major North American stock exchanges go up. There was the dot com bubble, the '08 crash, and the pandemic dip, but even after major setbacks the markets rebound. If you bought shares @ $20 of TQQQ last March, you would be up 400%/5x. If I just buy every dip (NASDAQ 100 Index for example) of over 10% from ATH, in the long-run wouldn't I outperform the market, depending on when I sell? Not even TQQQ in specific, but any 2x or 3x bull ETF. +For the newfriends, this is our far-too-frequent group prayer thread as we beg the tendieman to return. + +These generally come about when we have 3-5% losses in large companies, as such moves will usually wipe out the portfolios of anyone holding FDs... which is a lot of you. + +[Pleas fly again](https://www.reddit.com/r/wallstreetbets/comments/kccpoi/found_this_on_twitter_how_fucked_is_he/). + +Edit: + +The market, believe it or not, is bigger than GME. There's a lot of exciting things happening today worth talking about. + +Edit 2: [GME Megathread](https://www.reddit.com/r/wallstreetbets/comments/lqj165/gme_safe_space_megathread_for_february_23rd_2021) +I kinda got the shit end of the stick growing up. Mother didnt want me, her side of the family kept me from my pops. Grandparents bought everything i wanted as a kid to ā€œmake up for my parentsā€ as they put it but never taught me about finances, credit, none of that. My brother and i work at Fedex and together we are pushing in $600 a week but have no place to live (rent spiked here in florida as soon as we got here) I lost my vehicle in the move so now i have to get a new one and now with all these bills and worries i just feel so damn lost and it feels like im not making any progress. I try to ask my family for help but they refuse to help because my mother and uncles screwed them over once upon a time ago. I opted to go with a motorcycle because its soo much cheaper plus not required to be insured in florida. I need a 1500 down payment with no credit and i have to pay for a basic riders course since the one i took in PA isnt honored here plus i have to get helmet, boots, and gloves as required for the course. I just want everything to come together and finally work out so i dont have so much weight on my shoulders. Any advice at all would be phenomenal. im not opposed to tough reality or anything. I will not be offended by ā€œtough loveā€ from a stranger. +Edit: Finally got the full time figured out! Also got a co-signer for my bike and have a beautiful down payment of 0 and have very low monthly payments. the only thing left to do is find a place and continue to save as much as humanly possible! +Hello wonderful r/FI community! Throwaway here, but longtime sub participant. I wanted to share how my "sabbatical" has been going as a datapoint/argument for "building the life you want". Happy to answer questions if there are any, but it's night on this side of the planet so I may not get to them until (my) tomorrow. + +After a year or two of planning and saving, my SO and I (both ~30) quit our jobs to travel the world ~6 months ago. I loved my job and my company, and made every attempt to leave on good terms with enough heads up to leave the door open for a possible reentry, whereas my SO was pretty burnt out of her occupation and we're still unsure if she'll want to return to it. + +Travelling has been everything you'd think it would be: mostly amazing, with a hefty dose of new and different problems coming with it. It's been great for our relationship. We've had a few big fights (spending literally every day together and with no one else will do that), but ultimately we're much closer together than we've ever been. + +Since I'm not pitching a book or blog I won't claim that the travel itself has been a fundamentally life-changing, epiphany-inducing experience, but it has been a TON of fun, and has left me a lot more ready to "settle down" into "adulthood". We've created a wealth of memories and stories that would've taken many years of "vacation travelling" to accumulate. + +But here's the crazy part: this may actually turn out to have been a financially *positive* (or at least way less negative than expected) move for me. First, I had around $500k invested when I left, and the bull market has more than made up for our spending during the trip. The real cost for me was always going to be lost salary from not working, as I live in an (V)HCOLA so travel expenses<=regular living expenses, and I'm fortunate enough to make around $175k. However, thanks to playing my cards right before I left and having [fooled everyone](https://en.wikipedia.org/wiki/Impostor_syndrome) into thinking I'm a top performer, I'm actually coming back to my same company, very similar role, at a 20% pay *increase*. The reason for this is that I've received several raises/promotions during my time (<5 years) at the company, but the pay raises for employees always tends to lag a bit behind what a new hire at each level would earn, and the company is aware of this. So my director, who has been a fan and champion of mine for years, saw this as an opportunity to "true up" my salary to market level. He asked what salary I had in mind, I gave him a stretch goal thinking he'd negotiate down a bit, but he actually ended up offering me a bit more than I'd asked for. + +I'll acknowledge there's a bit of humblebragging going on; I can't really tell most of my friends or coworkers about the raise, so I'm hoping this is a safe community to share with. But really what I want to do with this post is to urge anyone who's considering taking a similar leap to DO IT! Yes, it's weird and sorta scary to see the numbers in my savings account go down instead of up, but this experience has been so incredible and worked out so well for me that the idea of ever regretting it seems utterly impossible. If you're telling yourself you're putting off travel for 10 or 20 years until you've hit FI, I strongly, strongly urge you to do something like this, even a mini version of it, NOW. Lots of places are changing, both culturally and environmentally, and many fun and exciting travel opportunities are literally disappearing year by year. And of course, you could always get hit by a bus next week and you can't take your 401k with you. + +I also realize there is a TON(!!!) of privilege behind my ability to do any of this, and that not everyone is in the same position. But if you ARE in a similar position and are considering something like this, this random internet stranger votes HELL YES. + +**tl;dr:** Quit my job 6 months ago to travel with SO. It's been amazing, I'm coming back to a raise, and I cannot recommend it enough. + +**Edit:** Good morning from the other side of the world! I can't tell you how nice a surprise it is to wake up and find literally 100% supportive and positive comments. I mean, no one's even playing devil's advocate?? You guys and gals freaking rock. I'm going to do my best to answer all questions today but am heading out on a tour in a bit. Please keep them coming and I'll be back later today. +I am currently on around Ā£8.75 an hour and do 37.5 hours a week. After some deductions (pension,business dress etc) i get about Ā£1250 a month . + +I know someone who got a small promotion and now actually earns less than she did before due to being over a certain threshold of tax so she is taxed more than before and the increase in pay just wasnt enough to bring her over. + +Hopefully i have given you enough information, without giving away all my details im a 30 yr old british male, working full time. So the standard tax code +I live in England. My family own a terraced house on an interest only mortgage and have lived here for 15 years. I'm 22 and my parents are on benefits as my mum is disabled and my dad takes care of her, I am the only person who works. I have been paying the mortgage for around 4 years. The money comes out of my account. + + +Due to severe issues at work, I have been unable to get work for the past few months through no fault of my own, and have not been able to find another job in the meantime. We never had any real savings so now in a month or so we are not going to be able to pay the mortgage (Ā£500 a month). + + +My dad tells me this will ruin my credit for life and mean I can't ever buy a house/get a mortgage. Will it ruin my credit if the house is in his name, not mine? Is there anything I can do to save my credit? + + + +Thank you in advance for all answers +A friend-of-a-friend has been regaling me with tales about how they paid off their mortgage in two years by taking a teaching job at an army base in Afghanistan. Excellent pay considering (and I quote) "that staff have a 10% mortality rate..." + +I've no idea how accurate that is - but it got me wondering what other extremely well paid jobs there are for people with a casual disregard for their own mortality. +Just a quick browse of Money Saving Expert shows interest rates of at best 1.5%, apart from a few edge cases with a low maximum amount. These are all well below inflation at 2.5ish %. + +&#x200B; + + + +&#x200B; + +At a glance, this seems like a huge loss. Am I missing something? Or is investment (ie S&S ISA, Vanguard) much more sensible? + +&#x200B; + + + +&#x200B; + +Background: had my first few months of salary, got about 10K to put away now +[Mid-cap mayhem: Long road to recovery](https://www.livemint.com/market/stock-market-news/mid-cap-mayhem-long-road-to-recovery-1563819716599.html) + +> So much is the pain in the mid-cap sector that since January 2018 investors have lost more than ā‚¹28 trillion in all the corrected stocks. The BSE MidCap and the BSE SmallCap indices lost 21% and 30.7%, respectively, since January 2018. + +> On the other side of the market cap divide, the large-cap based BSE Sensex has been masking the pain. The bellwether gained 12% since January 2018, and till recently was soaring to new highs, although, within the large-cap universe, only a handful of stocks are driving the index higher. One might be tempted to think that all is well with the market, but that isnā€™t the case. + +> Consider this. Of the BSE 500 stocks, 71% have seen negative returns since January 2018 when the slide started. Look at the even wider universe, i.e. all stocks listed on the BSE, and the picture is even grimmer. More than 1,976 stocks traded on BSE have dropped since Januaryā€”thatā€™s 86% of all traded stocks. Chances are, if you owned 20 stocks, 17 of them would have suffered losses. + +> Going by the sentiment in the market, it seems small-caps are completely busted for now. Noted market expert Shankar Sharma recently tweeted: ā€œA handful of Nifty stocks is masking the ugly truth that the Indian market, now and over the last 18 months, has been far, far worse than the 2008 meltdown in terms of price damage." + +This article paints a very negative picture; would be interested in hearing your thoughts on how accurate it is. +I am thinking of canceling my credit cards. Would you advice this? I don't think I need credit and am not a reward points guy! Plus, I don't see any big benefits of owning one. + +I have only fallen in cc debts and didn't manage to use it properly ever. +A friend if mine works as a partner at an interior designing(both corporate and residential) firm in Bangalore. + +They are going through a tough time for the last couple of months. They are apparently struggling hard to collect the dues owned by their clients. Monthly targets of one relatively new division was just 15% met and in an another reliable division was 0%! + +Does /r/IndiaInvestments think this is seasonal or is it linked to the liquidity crunch in MSME sector that is being talked about by the media & govt.? + +Note: This company survived through 2009 meltdown with flying colors as the partners say. + +Note 2: It's a firm with 30+ employees.. interior designers, sales, artists etc. +Multiple agencies have downgraded the rating for yes bank, due to the recent Q4 shock. But I personally feel that the loss recorded is due to increase in provision, which I think would lead to better contingencies and shows better governance. So the question here: Is the rating a reflection of short term volatility or some fundamental issue? +> This article posits that there is an unpleasant conjunction of events beginning to undermine government finances in advanced nations. They combine the arrival of a long-term trend of rising welfare commitments with an increasing certainty of a global-scale credit crisis, in turn the outcome of a combination of the peak of the credit cycle and increasing trade protectionism. We see the latter already undermining the global economy, catching both governments and investors unexpectedly. + +> Few observers seem aware that an economic and systemic crisis will occur at a time when government finances are already precarious. However, the consequences are unthinkable for the authorities, and for this reason it is certain such a downturn will lead to a substantial increase in monetary inflation. The scale of the problem needs to be grasped in order to assess how destructive it will be for government finances and ultimately state-issued currencies. + + + + +https://www.goldmoney.com/research/goldmoney-insights/monetary-failure-is-becoming-inevitable + +How do you think this will affect India and India economy? +I'm 24 and entered Market via SBI cards IPO :) last year. +My interest is only long term investment, after some research, i have selected below funds to be part of my portfolio. Can save up to 30K per month only for Mutual fund investment, and decided to start SIP in the same from this month May 5th - 10th. + +Index funds: + - HDFC NIFTY 50. [3K] + - Motilal Oswal S&P 500. [3K] + +Large Cap: + - Canara rob bluechip equity fund-reg(g) [7K] + +Flexi Cap: + - Parag parikh flexi cap fund. [7K] + +International funds: + - Franklin India feeder us opportunities fund [5K] + - Edelweiss greater china equity off-shore fund [5K] + +I have used https://www.rupeevest.com/ as a screener and to check rolling returns of MF. + +How good is My portfolio ? is above money allocation ok ? any red flags that i can't see? + +I want to invest in EV themed fund, but could not find one. Smallcase is other option, but i am not able to understand its algorithm ? + +below is a case: + - say i have shortlisted some 15 stocks to be part of my smallcase. + - 45K is one time starting money to buy each stock in smallcase, Higher one being 12K. + - I am interested to do SIP of 5K each month. + - on what basis does smallcase decided to buy stocks form that monthly 5K ? + - when it will buy the higher stock worth 12K ? I'm guessing, it will purchase other stock in higher amount and sell at next SIP and buy the higher one. but i do not have any proof for it. +FYI: +As usual, the recent change in implementing the 2FA as required by SEBI is a mess. + +One of my friends has been trying to redeem some mutual funds since Friday and did not see an email from BSE Star. + +When contacted Kuvera, here is their response: + +> We depend on the Bombay Stock Exchange (BSE) for Mutual Fund order execution. Starting 1st July, the new SEBI regulation requires BSE to verify redemption orders via OTP. + + +> There is an ongoing issue from our transaction partner BSE STAR MF. We expect the redemption order flow to resume again with our transaction partner within 1-2 business days. + +Fyi: I'm not pointing that it's Kuvera issue. This would be affecting anyone using BSE Star. IMO, this is a bad implementation done by them. + +- Which bank do you recommend for savings account or fixed deposits? +- How's your experience with wealth management services? + For example, you can discuss your experience with Citigold / CitiPriority, Kotak Privy League, DB WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. + +- What bank offers the best forex rates? + +- Discuss the quality of the bank's mobile apps and the services they offer. + +- How are the lending practices at your bank? Did your home loan / car loan / education loan get approved on time + + Were you required to purchase additional products (like insurance) to avail a loan? + +--- + +You can also ask for a general review of a particular product or services that you have been researching: + +> Is bank X good? Is it recommended for basic services no-frills accounts? + +but please avoid asking for personal advice. + +The discussion is meant for consumption by a broader audience. + +For advice regarding your personal situation (like _My family is pressurising me to take a home loan, what would you suggest?_), the bi-weekly advice thread is recommended. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +Hi everyone. My partner and I have almost completed on a house. We expect to complete by the end of the month at the latest. We want to get new furniture and other stuff for it and want to get this on a credit card. I currently have a Virgin credit card with a limit of Ā£6800 and havenā€™t used any of the balance. The 0% interest period ended about two years ago. + +Whatā€™s the best way of going about getting a new card? I think these are my options: + +1. Should I spend whatever I need to on the virgin one and then see if I can transfer the balance to a 0%? + +2. Close down the virgin card and then apply for a new card with 0% interest rate for around 24 months. + +3. Spend a negligible amount of money on the virgin card before we move in (like Ā£5 or something) and then transfer that balance to a new 0% card and then start getting new stuff for the house on the new card. + +Any help would be very much appreciated. Thanks. +For anyone unaware: The idea behind websites like lendingclub.com and prosper.com is that some folks seek loans, and investors can fund some of the loan. If enough people fund it, it gets issued. Then as payments are made monthly, the investors get their money back. + +Does anyone have experience with either of these, or another peer to peer lending website? + + +As the title says, how did you break into finance? Networking? Brains? Luck? Alma mater? Actually having a finance degree? + +As an recent Economics grad, I'm finding it very tough to get into the field. I had one internship at Morgan Stanley during my Senior year. Other opportunities were limited based in my experience to qualify for other internships. + +I'm leaning toward becoming a Financial Analyst & to help prepare myself, I was thinking of taking excel classes an enrolling in a finance certificate course. My network has been tapped out, many of my parents' friends just tell me to "Never give up, all you have to do is keep applying and talking to people in your network." "You're a smart kid, I know you'll be successful in our world!" + +I've considered getting my MBA, but don't think it is worth it considering my lack of industry experience and the opportunity cost of being out of the workforce I haven't even entered. + +Any advice is highly appreciated. +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 recently got an interview at J.P. Morgan for a Financial analyst development program and was wondering if anyone had any advice on what they might ask and what I should know for the interview. Thanks! +Anyone got any advice? I've never lived alone before so don't know much about financial stuff. How much would one person need a month and year to survive? + +My parents won't be financially contributing. +Hi, everybody. + +[Nevion03ā€™s recent post](https://www.reddit.com/r/financialindependence/comments/cdu8k5/32_black_woman_single_mom_raised_in_hood_drug/) sparked a good bit of conversation about the communityā€™s current ruleset. Topics included the nature of self-promotion, what might make a thread too big to remove or refer elsewhere, and how best to welcome influxes of newcomers. This raised a question: is the current ruleset still adequate to the communityā€™s needs? + +To address that, the staff has drafted a revision proposal that weā€™d like to submit for your consideration. The draftā€™s goal is to clarify existing rules, eliminate grey areas, tighten up the language, do away with redundancies, andā€”to the minimum degree possibleā€”fill holes by proposing new rules. Weā€™ve also drafted a couple of items for inclusion in the FAQ: a clarification of brigading and a description of the automoderatorā€™s function. + +Our plan is to leave this draft up until Monday, August 5th, after which weā€™ll revise it and implement itā€¦or not, depending on your feedback. Implementing some rules but not others is also an option. Weā€™re not all gonna agree, of course, but hopefully a consensus will emerge. And do you have suggestions for other rules? + +When making a top-level comment itā€™ll be EXTREMELY HELPFUL if you first quote the proposed rule and then your commentary. Thatā€™ll save everyone a bunch of scrolling. If youā€™re replying to a top-level comment, donā€™t bother quoting. No need. + +One more thing: weā€™ll soon be calling for moderator applications. + +Thanks as alwaysā€¦ + +ā€”ā€” + +**Rule One: Staff** + +The staff will facilitate the discussion of FIRE, not control its direction. However, facilitation may involve certain acts of control, e.g., enforcing the rules. Impersonating staff is forbidden. At the staffā€™s discretion any post \*may\* be left up if the amount of FIRE-related discussion it elicits shows it to be of value to the community. + +*Note: the phrase ā€œthe amount of FIRE-related discussion it elicits shows it to be of value to the communityā€ is an obvious grey area in the decision whether to approve a post that's weakly or implicitly-related to FIRE. Assigning this decision to staff discretion rather than establishing an entirely objective standardā€”i.e., a set number of upvotes and comments within a certain time periodā€”is an attempt to reach a ā€œbest badā€ solution, since an objective standard would be extremely difficult if not impossible to agree on, implement, and monitor.* + +**Edit:** consensus seems to be emerging that this rule doesn't belong. Perhaps a section in the FAQ about "here's what you can expect from the moderation team" would be more appropriate. Point has also been made and taken that the term "moderators" is more appropriate than "staff." + +ā€”ā€” + +**Rule Two: No link-only or quotation-only posts** + +If you'd like to link to something, please use a text post. Explain in the post why you're linking and whatā€™s interesting about the link in the FIRE context. + +ā€”ā€” + +**Rule Three: No general personal finance or investing posts** + +Consider, whether youā€™d be better off asking in a daily/weekly thread, /r/personalfinance, /r/investing, /r/entrepreneurship, /r/realestate, etc. Also, USE THE SEARCH BAR BEFORE POSTING QUESTIONS. Your questions may already have been answered. Examples include ā€œHow can I make more money?ā€, ā€œHow can I get out of debt?ā€, and ā€œShould I rent real estate, or buy it?ā€ + +**Edit:** feedback seems to indicate that this rule ougtta be better defined and more black-and-white. + +ā€”ā€” + +**Rule Four: Read the FAQ before posting** + +If itā€™s clear you didnā€™t read the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq), your post will be removed. + +**Edit:** suggestion has been made to use clearer wording along the lines of: "Posts raising questions which are already answered in the FAQ will be removed." + +This raises the question of whether the FAQ needs to be revised. Consensus seems to be that it does, but be aware that doing so would be no small project and at current mod team size would be a longer-term projectā€¦which is another reason the sub needs more moderators. + +ā€”ā€” + +**Rule Five: No spam** + +*Direct* attempts to monetize traffic are prohibited everywhere. Examples include spam, posting affiliate links, offering products or services for pay, etc. *Indirect* attempts to monetize traffic and/or increase oneā€™s social media presence are permitted in the weekly self-promotion thread and nowhere else. E.g., posting a link to your blog when your blog has ads in the sidebar. + +**Edit:** perhaps a title more like "No spam, advertising, self-promotion, affiliate links, etc." + +ā€”ā€” + +**Rule Six: Don't be a jerk** + +No rudeness or personal attacks. Racism, sexism, ageism, etc. are prohibited. Profanity is prohibited in submission titles but allowed in comments to the extent itā€™s used ā€œpolitely,ā€ i.e., not to deliberately offend. Condescension, especially to newcomers, is considered a personal attack. Please remember itā€™s a basic principle of logic to attack the argument rather than the person. Exception: telling someone who achieves FIRE to go fuck themselves is a congratulatory idiom; not rudeness. + +\----- + +**Rule Seven: No gender discussions, comparisons, or complaints** + +Such conversation frequently veers into violation of the rules against ā€œismsā€, rudeness, and personal attack; thus alienating and driving away people who could greatly benefit from the principles of FIRE. This rule is a "best bad" solution. + +ā€”ā€” + +**Rule Eight: No political discussion** + +Examples of political discussion include partisanship, supporting/attacking political figures, and politically editorializing about law/public policy/etc. + +ā€”ā€” + +**Rule Nine: No "research"** + +No conducting research on the community without prior approval from the staff. Examples of research include surveying, broad interviews, and requests for individual interviews via DM. + +**Edit:** "research" in this context was meant as professional-type research where a journalist/post-doc/etc. comes in and starts a group interview or invites people to a different website to complete a survey or does whatever. This arises from the current ruleset, which says: + +>**No surveys.** No requests for participation in surveys, interviews, studies, or anything similar, except with special moderator approval. +> +>Survey-like text posts are OK as long as they are on-topic. External survey sites are entirely disallowed. +> +>This is intended to stop people trying to do research on the subreddit's user base (yes, this happens), and to discourage use of external survey sites which (1) can be shady or ad-laden, (2) probably will turn into a dead link soon, (3) are less likely to generate good discussion than asking on directly on reddit. + +So in this context questions from subscribers like "What was your FIRE number?" in the daily discussion thread are fine. The second bullet point of the current rule does a good job spelling out the pitfalls of the external stuff. + +ā€”ā€” + +**Rule Ten: No stand-alone posting of policy reminders/statements** + +Dangers inherent in this practice include misinforming others, creating/exacerbating factionalism, and giving the impression that a single person speaks for the entire sub. Comments within posts that refer others to the rules are permitted. + +**Edit:** it's been suggested that a better way to phrase this would be "No meta posts without prior moderator approval." But this raises the question: should moderator approval be required for a meta post? + +ā€”ā€” + +**Additions to the FAQ:** + +**Vote manipulation:** + +The Reddit-wide prohibition of [vote manipulation](https://www.reddithelp.com/en/categories/rules-reporting/account-and-community-restrictions/what-constitutes-vote-cheating-or) says: + +>Vote manipulation is against the Reddit rules, whether it is manual, programmatic, or otherwise. Some commonĀ forms of vote cheating are: +> +>\-Using multiple accounts, voting services, or any other software toĀ increase or decrease vote scores. +> +>\-Asking peopleĀ to vote up or down certain posts, either on Reddit itself or through social networks, messaging, etc. for personal gain. +> +>\-Forming or joining a group thatĀ votesĀ together, either on a specific post, a user's posts, posts from a domain,Ā etc. +> +>Cheating or attempting to manipulate voting will result in your account being banned. Don't do it. + +In /r/financialindependence the prohibition of vote manipulation is interpreted to include a fourth example: + +It may happen that individuals collaborate in the reporting of posts/comments they believe to be inappropriate to the sub, with their goal being to trigger the automoderator to take such posts/comments down. + +Although this practice is impossible to police, itā€™s HEAVILY DISCOURAGED. A few individuals shouldnā€™t exploit technicalities in Redditā€™s self-defense system to censor the discourse of hundreds of thousands. + +If you choose to engage in this practice, consider that our community strongly influences countless people. Real people, whose quality of life is just as important to them as yours is to you. However good your intentions might be, the harm you can cause them by blocking their access to information is incalculable. + +Whatā€™s more, this practice is tantamount to moderator impersonationā€”not in name, perhaps, but certainly in deed. + +Again, DONā€™T DO IT. + +**Edit:** While the intent of this FAQ addition is to address the practice rather than any particular group, the point has been raised that a group's intentions should be considered by the mods before any action is taken. So perhaps a preemptive approach isn't right. If in the future a situation arises where this practice proves detrimental to the sub's discussion of FIRE, the Reddit-wide prohibition of brigading can be invoked to curb it. Meanwhile: if it's not a problem then it's not a problem, so to speak. + +Thoughts? + +ā€”ā€” + +**How the automoderator works:** + +This communityā€™s first line of defense against off-topic posts, trolling, spam, personal attacks, etc. is the "report" link under every post and comment. Clicking that link begins the process of flagging the post/comment for staff review. If a post/comment gets reported three times, the automoderator takes it down so the staff can make a restore/remove decision. The automoderator doesn't send a reason for removal because it doesn't know what the reason is. Once staff has reviewed a post, the staff will more than likely send a DM to the OP explaining why the post was removed and suggesting a more appropriate place for it. + +Bear in mind that the automoderator is a Reddit-wide system that, while narrowly customizable, has functional limitations the staff has no control over. +About a month ago, I applied for level 3 options trading and was approved as I had high risk tolerance and have been trading options for over a year. Currently, thereā€™s no money in the account as I am using WeBull for options trading but just wanted an another broker just in case if WeBull is down or something. + +Today I got an email from Robinhood saying that after review they found that my current options level is no longer appropriate for me. What possibly could have caused this and what can I do to fix this and keep my current options level? + +Is it because I have no money currently in my account? (Just for some background I am college student so my income and net worth are pretty low if that makes an difference) +Thanks! +About a month ago, I applied for level 3 options trading and was approved as I had high risk tolerance and have been trading options for over a year. Currently, thereā€™s no money in the account as I am using WeBull for options trading but just wanted an another broker just in case if WeBull is down or something. + +Today I got an email from Robinhood saying that after review they found that my current options level is no longer appropriate for me. What possibly could have caused this and what can I do to fix this and keep my current options level? + +Is it because I have no money currently in my account? (Just for some background I am college student so my income and net worth are pretty low if that makes an difference) +Thanks! +I see all these people saying "not your keys, not your coins" and making such a big deal about how keeping your crypto on exchanges is the worst thing ever. Yes, because I'm willing to pay a 60$ transfer fee to move my Bitcoin onto some wallet where I pose a risk of losing my keys (like many people you've heard of on news stories). Keyword is TRUSTWORTHY exchange. Obviously don't keep your crypto on some shady exchange which will most likely exit scam in 3 months. But if you keep your crypto on a good exchange like Coinbase Pro or Kraken, you are fine. Coinbase insures your crypto up to $250,000 in case of loss (I think). Also, Coinbase/Kraken have world-class engineers working on it so it's not some 2014 shit exchange like Mt. Gox. Crypto has evolved a lot from those times. Coinbase is literally a public company subject to certain regulations (which help protect you). The odds of Coinbase or Kraken getting compromised (and not insured) is much lower than the chance of you losing your keys. + +Edit: Some people pointed out that Coinbase just insures the USD and not the actual crypto (not entirely sure how it works/ if these people are correct). Still being a public/reputable company I think they would provide some level of compensation if in the highly unlikely chance they get breached to protect their image (similar to what Binance did when they got hacked in 2019). Regardless, all my other points still stand (including on Kraken). +Hey guys, + +As the title suggests I am not feeling good now at all so I'll try and be concise. I'm terrified, if I'm honest. + +My dad and I moved into a two bedroom flat in the north west in October. We never alerted the electric company because we were told the letting agents would do that (maybe that was silly to believe, but doesn't matter now.). + +We just got our first bill for an all electric flat (no gas - heat is electric) and it's almost Ā£700 since October. + +I just... is this normal in winter? I don't understand. Even if it was estimated, that's surely taking the piss? We rang up the customer support and they said it's definitely right because it's a smart meter. + +What are our options here? I am so scared. + +Edit: "Usage charges - 3500 units at 17.89p each; standing charges - 25.5p" - that's what's on the bill. Thoughts? + +Edit 2: I'm going to bed now. Sorry for not getting back to every single comment, but I'm reading every one. Thank you, everybody. Let's see where this goes tomorrow when I ring them... +The obvious caveats apply that anything posted here does not constitute professional advice, weā€™re on reddit with no contract so do not rely on anything here! + +My motivation for this is to help where I can as tax advice is expensive and sometimes people just need pointing in the right direction. + +In terms of credentials, I work at a big 4 firm and Iā€™ve been working in UK tax for over a decade. + +If I can help, I will. + +UPDATE: thank you for all the questions, Iā€™m trying to get to all of them so if I havenā€™t replied to yours yet, please be patient but Iā€™ll get there eventually. + + +Talk about your plays today or things you are on the lookout for. This is where you belong if your comment includes a ticker. + +*keep it civil please* +My dad passed away and left me his house and approx 300k. + +Approx 100k of that will be spent - renovating the house (not touched in 30 years, needs everything), paying off all debts, new car(10k max), 1 years salary for me so I can study / career change. + +The remaining 200k(ish) I would like to 'invest' towards my future / retirement. I am currently 32 years old and was previously living paycheck to paycheck in an IT Analyst type job. +Any guidance from you guys? + +I do have a call setup tomorrow with a financial advisor, but thought I would see what reddit thinks. + +Edit: Damn this post blew up. Thank you so much to everyone who responded, it's given me a lot to think about and has got me quite excited about learning more and the potential that this has. + +I appreciate everyone who took the time & effort to offer guidance, thank you!! +Invariably getting a car, and getting the internet are the two most important steps to being able to spend less, earn more, and access greater resources. + +What do you think is more important, getting a car, or getting internet in the house? +I became fat after my equity grant awarded as an early stage tech employee became liquid through a recent IPO. + +I still feel that I have room to continue pushing my career vs retiring early, but have been dealing with imposter syndrome and anxiety that I feel is holding me back from progressing from VP to C level. I've seen many posts on this sub from others in a similar spot recommending seeing a therapist which seems like a good path to explore. + +What's the best way to find a fat-friendly therapist who would understand the situation and can also play executive coach to help me get to the next level? Feels like a run of the mill search on local therapy directories won't net the results I'm looking for... +We have a 3 year old and a 1 year old and are debating getting a vacation home (Hawaii or Park City), but worried weā€™d miss out on new experiences. Pre-kids we went on 2-3 international vacations per year but I donā€™t love 10+ hour flights with the little ones. + +Any advice on new destinations v building memories in one place? +So I posted this already on r/financialindependence (sorry for those of you who already saw it) but I didn't realize that this second sub existed and I think I'd like to know the answers from here as well. Ultimately my FIRE goal is to retire while making \~300k investment income/yr after accounting for inflation protection on my savings and also to have paid off my mortgage by then so my disposable income will theoretically be higher than it is right now and I'll actually be able to step up my lifestyle in retirement. + +But anyway, me and my wife are approaching 30 and about to reach our financial independence goal but are unsure of the next steps. So now I'm curious to hear from some of the rest of you that have done so this early in life. To be honest while I'm sure about the financial independence part I'm not 100% sure about the whole retire early portion. I'll be retiring at or above my current means which I'm happy about and I've always wanted to take a year off and travel. This will probably be the first thing I do but when I get back I'm not really sure. + +I have a number of hobbies that I mostly haven't done in years and a few that I want to pick up but I'm afraid I'm going to get bored or feel unfulfilled. Alternatively if I stay working for my current company which I don't want to leave I probably won't get the year off and won't get the freedom I want with such a demanding job. + +So for those of you who have reached it in their 30s or so, what has it been like? Do you still work even though you know you can quit? Or if you retired are you satisfied with your day to day life or do you feel at all bored or unfulfilled? Do you still do freelance work or anything? + +Also is there anything else you think that I should know? + +Thanks for any advice you can give! +When the price drops more than 10% from the previous day's close, then the short sale rule (SSR) goes into effect. + +$20.56 x 10% = $2.056 + +$20.56 - $2.06 = $18.50 <-- SSR trigger price + +Once the price dropped to $18.50 today, shorts were no longer allowed to short below the best bid price (meaning they can't short the price down), hence the rise after it hit $18.50. + +This SSR will be in effect for the rest of the day and all day tomorrow. + +Also, T+35 FTD close out tomorrow + rising CTB +Iā€™ve noticed a lot, especially since the GameStop drama in January, a lot of people, mostly the newcomers that come to this sub, feel as if they need to tell everybody what a good investment strategy is. Well Iā€™m here to tell you that that is not why this sub exists. + +This sub is for people that can Yolo in FDs on spy cards, this sub is for people that put their entire money enough feeling video game market and getting 200,000% and then somehow still come out losing money. This is not to say that the sub is only for people that lose money but rather this is a gambler sub in that we put a lot of trust and really a lot of retardation into our DDā€˜s and hope that at least one of them goes to the moon and make us a millionaire. Tomorrow is either a Lambo or a food stamps. + +So while your advice of ā€œJesus dude you should just buy LEAPs on Apple callsā€ is appreciate it is not appropriate for the sub. this is not why the sub was created. we are not investment, I cannot stress this enough, this is not a good investments sub. if youā€™re only investment is for your 401(k) in a company, you should leave like right now. + +You donā€™t get to have a profile picture of a WallStreetbets logo with diamonds in your hand and then cry every single time on every single post ā€œoh dude you shouldā€™ve gotten the leaps call Apple thatā€™s the good strategyā€ + +We venerate people like keepfuckingvalues that made insane amount of money betting on an insane stock. Weā€™ve venerate people like analfarmer that got insanely lucky and insanely dumb at the same time and made so much money and also lost so much money. We venerate people like controlthenarrative who gave us such an amazing run of his own life. These people, were not venerated because they all lost or had massive gains but because they attributed the essence of this sub in its purest form: a gambler hub. Thereā€™s nothing ā€œinvestmentā€ going on in this sup ,at least not that I know of. + +Iā€™m not gonna soap box about ā€œLe new people ruined old feelā€ but please understand that people are not buying GameStop or such securities the same way you would buy apple. It is fundamentally different. We should not try to make this sub into another investment. Wallstreet treats markets like casino. And this sub was directly made for retail investors to treat it as a casino as well. +Throwaway account. + +I have been a longtime lurker, and finally decided to introduce myself and ask a few questions of this awesome group of people :) + +I am in my Low 30s, work for a FANG company in the Bay Area, and currently make ~$300k. My wife stays at home with our children. +Because of vesting schedules, I will be closer to $350-375k next year if nothing changes, and around $450-500k if/when I get promoted in several years. + +Last year, I made ~$250k and we saved ~$85k (including employer 401k matching): +$54k in 401k accounts (maxing out pre-tax 401k, employer matching, and mega backdoor) +$11k in Roth IRA accounts (backdoor contributions for both my spouse and I) +$20k in brokerage accounts + +We plan on holding our yearly spend mostly constant, and increase or SR as my compensation grows. Our current net worth is ~$400k. + +We currently rent a house for $4k/mo which would cost about $1.8-2mm to purchase in today's market. We are currently getting a REALLY good deal on our rent, but expect it to go up next year (and the years following). + +I feel like we are in a very odd scenario where we are on a great track FatFire in 18 years when all of our kids are out of the house, but we cant afford to buy a home (4 bed, with a yard, in a good school district). We would like to settle down and want stability for our kids (not changing schools on them), but at the same time, I don't want to buy a home if it is going to put me way behind from a FIRE perspective. + +What would you do if you were in this situation? + + + + + +As the title says - I'm1/3 beneficiary of a 75m estate with 25m in taxes due. + +&#x200B; + +My late relative passed about a year ago in my most recent conversation with the trustee (who is also 1/3 beneficiary) they estimate that the current tax balance is 10+ million after what they have calculated with the accountant etc. The rough numbers of from what the estate is bringing in is 1.2m a year NET. + +&#x200B; + +All the assets (primarily real-estate) is paid off free of all encumbrances. They seem more on the side of wanting to hold on to all the property and wait to pay off the taxes. Our rough math on in our chat put us at roughly 10 years to do that. The trustee will ultimately have final say but we have a good relationship and I think they value my input. + +&#x200B; + +Personally, I'd rather not wait that long to start receiving any cashflow from the inheritance. + +&#x200B; + +I also understand not wanting to sell paid off real-estate. At the same time... I think... what's the point. + +&#x200B; + +If we were cash flowing that would give more opportunity for other investments to grow in that 10years time? + +&#x200B; + +Assets are all in CA. roughly 3 multiunit apartment complexes, A hotel and property on the coast, 1/2 ownership of a shopping center and other misc. partnerships/LLC's etc. +Mandatory. A disclaimer. The following is probably all wrong. I'm an idiot. + +https://reddit.com/link/vq5t71/video/7yxsx9yq09991/player + +Rather than go through a bunch of code that few understand, or try to explain it, let me just explain what I've found and how it can be utilized. + +First off: + +&#x200B; + +https://preview.redd.it/0e41o9x019991.png?width=870&format=png&auto=webp&s=3d8a7e9b605b4a660700d1c0ed444ddf12378047 + +Immutable X is a company. + +&#x200B; + +From the contracts, you can see what Gamestop has planned. + +\- A games trading platform + +\- An NFT trading platform + +\- A household goods trading platform + +and most importantly + +\- A stock trading platform + +&#x200B; + +**Digital games trading platform:** + +&#x200B; + +When you buy a digital game now, you play it until something else comes along. + +\- Your storage is full but you're out the money you spent on the original game when you delete it to make room for a new one. If you can sell it to someone else at a discount, you can get some of your money back. + +\- On the other hand, a streamer (or you) has spent 10,000 playing a game and unlocking everything in it. That game is now worth considerably more than you originally paid. + +\- Say you want to make a game and sell it without all the contract bullshit from a big studio... + +\- Or just want to make the landscape. + +\- Someone else buys it and adds characters. + +\- Someone else then buys that and adds..... + +\- Sell gaming music... + + \- Royalties or outright sell + +&#x200B; + +**An NFT trading platform:** + +&#x200B; + +\- This has been covered fairly well at this point. + +&#x200B; + +**A "household goods" trading platform:** + +&#x200B; + +This would replace just about every trading platform going at this point, or at least give them a run for their money. Everything would be backed by an NFT to eliminate most crimes. + +&#x200B; + +https://preview.redd.it/ccpconff19991.png?width=1458&format=png&auto=webp&s=58cd30aede846b463dc1997c58cf2051ec4d6f08 + +\- Fake pictures + +\- Misrepresented items + +\- meeting people in an alley way + +&#x200B; + +And last, but certainly not least; + +&#x200B; + +**A STOCK TRADING PLATFORM:** + +&#x200B; + +This one is obviously the most important one. + +Let's say a company wants to issue stock to raise capital for a variety of reasons (increase employees, increase inventory, buy new equipment, buy land, build additions/warehouses, etc...), + +They currently have two options: + +\- take out a loan from a bank + +\- list stock on the NYSE + +In the case of crypto, there's a hoard of platforms available. + +&#x200B; + +https://preview.redd.it/9pixq2kt29991.png?width=830&format=png&auto=webp&s=6625b9476f5eeb96f7ca360695ea77c3b62016a4 + +For stock, there's only 1. + +&#x200B; + +https://preview.redd.it/wkwo98jx29991.jpg?width=960&format=pjpg&auto=webp&s=8ff527967a7c2f2eeed293021980c0b0b654b1d2 + +A trading platform that's ripe with fraud, greed and fuckery. Most of which, we're only somewhat aware of. + +Listing stock should assist in the growth of a company. Not so a bank or hedge fund can fuck with it and drive the company into bankrupcy while they fill their pockets. + +With those shares certified on a blockchain, they can't be duplicated, phantomed or fucked with. + +Your investment in the company when you buy their stock is secure. You're actually helping a company grow. Your reward will come in many forms: + +\- dividends + +\- true ownership + +\- higher share prices as the company does buy backs due to increased growth + +Can you say that now when you're buying a stock on the NYSE? + +FUCK NO! + +When the creators say "This will be the equivalent to the introduction of the iPod for music", you can bet your ass, RC didn't just spend 18 months building garbage that's going to let this community down. + +&#x200B; + +Buckle the fuck up and hang the fuck on. This will be one hell of a ride. + +&#x200B; + +https://reddit.com/link/vq5t71/video/kswkohfg49991/player + +&#x200B; + +https://i.redd.it/475a5hty49991.gif + +Edit: + +typo +###Greetings r/PennyStocks! + +As most of you know, thereā€™s been some recent [changes to the moderation team.](https://reddit.com/r/pennystocks/comments/gzy9mz/we_have_recruited_a_total_of_3_new_mods/) This, in combination with the rapid growth of the community, has resulted in a lot of questions being raised regarding both new and old policies/procedures. + +In this post I hope to propose a few ideas for ways in which I think we can make progress towards more substantive and productive discussions, while retaining the ability for everyone to participate. Iā€™d like you all to provide feedback on these ideas, and propose your idea if it isnā€™t included. The mod team will review the results of this discussion and begin making changes this week where possible. + +#Firstly letā€™s discuss the changes which have already been made: + +- The minimum requirements to participate have been adjusted to the following: 5 day account age for posts, 2 day account age for comments. The minimum karma requirement has been removed. Many users have been very active, yet had no idea that their messages could not be seen by anyone else. We believe it will be easier to ban abusing users rather than manually approving good ones (most of these users are contributing in a positive manner). We will be monitoring how this new policy works and adjusting as needed. + + +#Next, the changes which need to be made: + +- **Wiki:** Expand and improve the quality and organization of resources provided. Many new traders flock here, and they often have questions which have been asked and answered many times before. We do not want to discourage those who are new, but having solid resources to point to would be of great service to these folk, and would help reduce clutter and repetitive answers from being present. If there are any specific sources or guides YOUā€™D like to see added, let us know here! + +- **DD:** We have a flair for DD posts, but these submissions often actually contain no due diligence at all. Filtering posts by ā€œDDā€ has a high potential of yielding poor quality posts which suggest to buy into a stock because they think it ā€œlooks good.ā€ Here is an idea and Iā€™d like to see what you all think: any post flaired as ā€œDDā€ must follow a format similar to [what is outlined here.](https://www.reddit.com/r/pennystocks/comments/gtabgh/due_diligence_how_to_research_assess_analyze_and/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) Some leeway would need to be provided, but having some core features such as an overview, catalysts, risks, and conclusion would be very beneficial. If such requirements were to be instated, having a ā€œTipā€ flair could still allow for users to give the community insight into a stock which theyā€™ve seen some movement or promise in. Thus, we would have the ability of filtering by DD (higher quality more in-depth research/analysis) and Tip (less robust, quick notification of potential). We could have automatic removal of DD posts which do not follow whatever format we decide upon (not too unreasonable), and the OP would be linked to a resource to assist them for next time. If you have feedback for this proposed system, please provide it here. We do not want to hinder the ability for new and less experienced users to speak their mind on a stock, only to provide a standard to which we hold actual (more formal) DD. + +- **Megathreads:** Currently we have a very inefficient system for the creation of megathreads. Every week there are often 2-3 ā€œhotā€ stocks here that get discussed much more frequently than others. In the past and up to now, we have chosen one or two of these stocks each day and created a megathread for centralized discussions. Idea: have one stickied post each week that maintains an updated list of links to several megathreads for the most popular stocks here. A daily discussion thread can also be a part of this post. This system would help clean up the feed, and promote more productive conversations. One key element - you all, as a community, would need to make an effort to use them appropriately. Today I saw a handful of user created megathreads which worked very well, so thatā€™s promising. We need to continue being diligent on this front. + +- **Gain/Loss porn Friday.** On Fridays, after close, create a megathread for all weekly gains/losses to be shared. Currently there isnā€™t a good avenue for such posts, and this would allow everyone to discuss their results and perhaps strategize for the following week. + +- **Meme/Newbie Saturday.** Share some dank memes relating to the previous weekā€™s trading, and provide a megathread for ā€œnewbieā€ Q&amp;A. + +- **Strategy/DD Sunday.** Provide a megathread for discussion about the big plays you intend to make leading into the week. What stocks are you interested in picking up? At what price? Are you still holding something? Whatā€™s your plan? + +- **Live thread?** The idea of a live chat is interesting. Would any of you find this useful? What would you likely use it for? Casual conversation? Something else? + +#Some reminders of current policy: +- Promoting paid services &amp; newsletters is forbidden. +- Low-effort content and spam will continue to be removed. Posts such as ā€œOMG $ABCD IS UP 300% BUY NOWā€ or ā€œThoughts on $ABCD? I have no idea what they do but I like the tickerā€ or ā€œ$ABCD: cOuLd iT gO uP?ā€ are examples of such content. +- No memes outside of Saturday. KSD (Keep Saturday Dank). + +Additionally: +Iā€™ve seen an influx of links to either personal or outside content (including news/twitter links) which are not summarized or explained in the post. Currently, we enforce summaries for links to self-promotional content, but I am considering expanding this rule to all links to outside pages. Far too often a post will be titled ā€œMASSIVE UPDATE CHECK THIS OUTā€ and there will be a link to a mysterious tweet or similar material. This rule would require all such links to be summarized, e.g. ā€œJohn Doe hinted a potential partnership with ThumbMuscles, could see news soon - LINK.ā€ + +**Swearing:** swearing is allowed here, but the use of derogatory and personal insults is not. Using words such as ā€œgay,ā€ ā€œfag,ā€ the N word, or any other racial slur or the like is forbidden. Violations will result in a warning and continued issues will lead to a ban. + +#To conclude +I want to thank all of you for making this community a friendly, fun, and information-rich hub for penny stock trading. Now, help us take the next step in transforming r/PennyStocks into the utopia it can be. Provide your feedback below, we will be listening closely. + + +Update: Love the feedback so far, keep it coming! I plan to start working on several of these ideas tonight and will keep you updated as things move forward. +Rallying global equity markets in the face of rising COVID-19 infections are "totally irrational", says private investor and former Vocus boss James Spenceley, who made millions betting against Wall Street in the early stages of the coronavirus outbreak. + +Despite hospitals in the US warning they are reaching capacity and signs of a second wave of COVID-19 arriving in major economies, Wall Street futures indicated US stocks were set to open more than 1 per cent higher after returning from the July 4 holiday. The S&P 500 is up 39 per cent from its 2020 bottom. + +Asian stocks soared on Monday, with the Shanghai Composite rising 5.7 per cent, for its biggest rally since 2015, attributed to ample liquidity, recovering activity and boosting by state media. Hong Kong's Hang Seng added 4.2 per cent. + +The US is clearly completely screwed, we're coming into a second wave here and the travel stocks are either flat or up. + +ā€” James Spenceley, Spenceley Investments + +Mr Spenceley said it was hard to believe the market was being so optimistic in the face of what he believed to be a severe second wave, echoing the events of February when shares hit record levels before a pandemic was declared. + +"It was amazing to see the market making all time highs as the pandemic was spreading. Back then it was clearly mispricing risk and we're seeing the same now," said Mr Spenceley. "I think it's just totally irrational." + + +Advertisement +In February, Wall Street was soaring while COVID-19 infections were rapidly expanding beyond China, leading Mr Spenceley to cancel Valentine's Day plans with his wife and take out $15 million worth of face valuation puts against the S&P 500. + +Investors flying blind +Evidence of new infections and weakened protection measures as economies reopen has failed to trouble US investors. The S&P/ASX 200 Index ended Monday's session 0.7 per cent lower at 6014.6, after trading in the green most of the day. + +The rise in US futures ahead of the reopening of trading comes despite a number of hospitals in US states, such as Arizona and Texas, reporting they are near capacity to treat COVID-19 cases. + +The Nasdaq Composite was on track to hit another record high on Monday, with the tech heavy index delivering the strongest returns amid the pandemic. + +"I'd much rather be underinvested in this market," said Mr Spenceley. + +"If you take a step back and you look at this without the emotion of sitting out, at these levels, is this really a time to be invested?" + +The reimplementation of lockdowns across Melbourne and the closure of the border between New South Wales and Victoria have thrown fresh doubts on the ability of Australia to flatten the curve after successfully suppressing the coronavirus. + +Victoria recorded 127 new cases of COVID-19 on Sunday, its largest ever daily increase. + + +UniSuper chief investment officer John Pearce. Supplied + +"Suffice to say that itā€™s a setback, particularly for the travel and tourism sectors," said UniSuper chief investment officer John Pearce. + +"[But] we still need to put things in perspective. Relative to the rest of the world, Australia is in great shape as far as the health crisis is concerned." + +The closure of the NSW-Victoria border has also thrown doubt on whether domestic tourism and travel will be able to resume as quickly as anticipated. Losses in domestic travel stocks were limited in response to the news. + +Corporate Travel Management dipped 1 per cent to $10.31 and Qantas fell 0.8 per cent to $3.79. Webjet rose 2.1 per cent to $3.41 and Flight Centre advanced 0.4 per cent to $11.44. + +"The US is clearly completely screwed, we're coming into a second wave here and the travel stocks are either flat or up," said Mr Spenceley. + +"No one wants to admit it but this is going to hang around for a long time." + +Many investors are largely flying blind when it comes to assessing the earnings impact of the COVID-19 pandemic and are trying to determine which areas of the economy are likely to counter the pain. + +Defensives such as Telstra and Spark Infrastructure were among the market leaders on Monday, ahead of what is set to be a tough earnings season for most companies. + +"For this market to be rational, you'd have to have a good idea of what earnings are going be like and really, you have no basis," said Mr Spenceley. + +Transurban, which owns Melbourne's CityLink tollroad, fell 2.4 per cent to $14.27 as more Victorian local government areas were added to the lockdown list on the weekend. Those restrictions do not yet extend to the central business district but active cases have been detected in the city. + +The latest quarterly business outlook from Deloitte Access Economics warned Victoria would feel the economic pain for longer than the rest of Australia. + +"Victoria has had the strongest COVID restrictions across the country and now, with the prospect of a second wave returning and the reintroduction of restrictions, the state is likely to see some prolonged misery in particularly hard-hit sectors," Deloitte partner Chris Richardson wrote. + +https://www.afr.com/markets/equity-markets/totally-irrational-global-stocks-rise-defying-second-wave-20200706-p559by +Less than 2 decades ago, the public was sold on paying for their internet by the hour, and AOL was the only king. Eventually people moved on to much different and better alternatives to get their porn beamed to their house. + +I think weā€™ll see something similar over the years to come with Bitcoin. Itā€™s the general publicā€™s entry point into crypto, but once they are in they realize how much better other cryptos are for multitudes of reasons. + +Tl;dr I think your bitcoins are going to be about as valuable as your 20 hours of free internet CDs from AOL +Less than 2 decades ago, the public was sold on paying for their internet by the hour, and AOL was the only king. Eventually people moved on to much different and better alternatives to get their porn beamed to their house. + +I think weā€™ll see something similar over the years to come with Bitcoin. Itā€™s the general publicā€™s entry point into crypto, but once they are in they realize how much better other cryptos are for multitudes of reasons. + +Tl;dr I think your bitcoins are going to be about as valuable as your 20 hours of free internet CDs from AOL +Hi all, I'm full of ideas and empty of coding skills. Do you know some platform that let you build and trade your strategies without coding? + +I know trade-ideas but it's a little bit expensive for paper trading + +Edit: I found Wealth Lab and started a free trial with them + +Edit2: Looking for a way to automate a strategy that trades on IBKR by buying stocks that dips on the hourly timeframe. + +Edit3: I feel overwhelmed by all of you guys that offered to help me in PM. Thank you so much for your availability, this community is truly amazing. + +Edit4: Special thanks to u/NewMe80 that coded my simple strategy and backtested it. Much love! +I posted earlier on how powerful Online Portfolio Selection can be as a trading strategy when its essential elements are understood and implemented. I worked with OLPS for several years and extracted what I think it is the essential idea: use a metric of performance (you can invent your own or test the ones in the literature) to rank assets in a given universe and forget about predicting individual assets behavior but focus on the group dynamics. The algo I use here is similar in nature to the one described in my earlier post. I basically look at a very short scale (few days) how stocks in NASDAQ 100 behaved and I sort them with a metric of performance that is supposed to be predictive of the following day ranking of the stocks in terms of the returns. I then switch between a mean return and a momentum strategy (basically betting on the first or last stock once they are sorted from 1 to 100). This algo has basically no parameters (in the title I mention 2 parameters to be conservative given the switching between the mean return and momentum is also done on a independent time scale from the sorting time scale) besides the time scale used for the performance evaluation. The scale is chosen among a dozen via a walk-forward optimization. I actually trade with this algo so I know it is not just some theoretical result but exactly how the real cumulative curve looks like (slippage is about 0.02 % per trade so a rounding error given the daily average gains). + +&#x200B; + +https://preview.redd.it/jd221s177ju61.png?width=1238&format=png&auto=webp&s=01a9b66568fbb78e6a261c27d305b8b935bab33f +A lot of research claim that many Crypto Exchanges Fake Trading Volumes. Even if we have good algorithms, using wrong data we would still get wrong output. How do you handle this in your trading system? Or just ignore this issue? + +[https://www.nasdaq.com/articles/how-and-why-crypto-exchanges-fake-trading-volumes-2021-08-24](https://www.nasdaq.com/articles/how-and-why-crypto-exchanges-fake-trading-volumes-2021-08-24) +I list theĀ [best day trading books](https://jns-millennial.com/best-book-for-day-traders-in-2021/) to help you improve your general knowledge and information about stock market investment, especially for day traders. + +1. **Day trading 101**ā€“ Best for recognizing the risk factors and highlighting key principles of investing for traders ( Best Investing Books). +2. **How to trade for a living**\*\*ā€“\*\* Best day trading book for beginner (Best Investing Books) +3. **Day Trading for Dummies**ā€“ Best for highlighting common costly mistakes in investing ( Best Investing Books) +4. **The Truth About Day Trading Stocks**ā€“ Best for understanding the high risk involved in day trading and emphasizing the importance of self-discipline to stay in the game ( Day Trading Books Best) +5. **How to Day Trade Stocks For Profit**ā€“ Best for beginners and intermediate traders ( Best Investing Books) +6. **Start Day Trading Now**ā€“ Best for learning foundation knowledge and learn how to read the chart and other technical indicators (Best Day Trading Books) +I list theĀ [best day trading books](https://jns-millennial.com/best-book-for-day-traders-in-2021/) to help you improve your general knowledge and information about stock market investment, especially for day traders. + +1. **Day trading 101**ā€“ Best for recognizing the risk factors and highlighting key principles of investing for traders ( Best Investing Books). +2. **How to trade for a living**\*\*ā€“\*\* Best day trading book for beginner (Best Investing Books) +3. **Day Trading for Dummies**ā€“ Best for highlighting common costly mistakes in investing ( Best Investing Books) +4. **The Truth About Day Trading Stocks**ā€“ Best for understanding the high risk involved in day trading and emphasizing the importance of self-discipline to stay in the game ( Day Trading Books Best) +5. **How to Day Trade Stocks For Profit**ā€“ Best for beginners and intermediate traders ( Best Investing Books) +6. **Start Day Trading Now**ā€“ Best for learning foundation knowledge and learn how to read the chart and other technical indicators (Best Day Trading Books) +Every time I see a few green sticks I buy, sure enough, as soon as I buy, 2 pennies later is starts going down like a roller coaster on its way down, doesn't fail. Lost $400 today to those impulses, hope this was the last time. +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1567136246308425730) .@The_DTCC $GME #GME finished its first NFT drop. NFTs sold for about $45, and the market accepted the prices, w/appreciation. Knowing #DTCC can't do a divi via shares (intl courts pending?), what will happen when GME drops an NFT dividend previously valued/accepted at $45/share? +Im 22 (M) and in my current job I make $40/hr. I was thinking of attending a masters program that will last 18 months and it will cost $45,000 for tuition. Once i graduate starting pay will be $75/hr. Should i bite the bullet and go for it? +I just found what seems to be the perfect house in a college town and I wanted to run my numbers by some smart people as this would be my first time buying a house. + + + +The house is a 1488 square ft 3br 1 bath with a large unfinished basement, an attached in-law 1br 1 bath, a detached 2 car garage, as well as a small deck. It is under a mile from campus in a pretty good location. The description says newer roof, HVAC, and windows. This is in a college town that's growing rapidly with very large investments coming to the area in the next couple years. + + + +Asking price: 200k + +Rent: 2650 (1800 for 3 br and 850 for 1br) + +Mortgage: 1070 + +Taxes: 551 + +Insurance: 85? (Estimated) + +Cap ex: 250? (Estimated) + +Maintenance: 300? (Estimated) + + + +This gives me a cash flow of 394. +However, with the 50% rule (2650/2 - 1070) I get a cash flow of 255. Why is there such a large difference, and do all of my numbers make sense? I know finding tenants for a 6 or 18 month lease for the spring semester will be hard (i would potentially use a property manager for the first lease) but after that there should no issue finding tenants. + + + +Let me know what you think! And thanks in advance. +Hi everyone. I'm an investor in Michigan where our state just passed a legalized recreational marijuana law to take effect Dec 6. + +There is an allowance for citizens to grow a limited amount of plants at home per adult in the residence, up to 12. My understanding is Colorado allows 6. + +I want to know more about how investors and landlords in jurisdictions where this exists now have navigated and adopted the change. + +How do you handle this in your lease? Do you allow tenants to have hydroponics setups or grow in your rentals? Can you legally have a clause in the lease preventing this? I know MI law could differ on any of these aspects down the road. + +I'm trying to find some compass bearing as to what we can expect and what others are doing/feeling about this. I am for the law change but as an investors were all unsure how this affects us right now. +I wanted to know if bigger pockets membership is worth it. I am new to real estate investing and wanted to educate myself from the ground up. Not sure if its worth the 200 bucks a year or not ? any info or advice would be greatly appreciated +Iā€™m about to close on a 32 unit property and Iā€™m not experienced when it comes to properties this size. If I hire a property management company would this suffice and what is a typical fee structure for something this size ? + +I own a total of 14 units but none have been close to this size. I sold one and am purchasing a 32 unit via 1031 exchange . + +Thank you +I often hear how it is easier to get into real estate with a partner due to double the money being used with 2 people. So that brings to ask, have anyone here partnered with a family/friend on a rental property? What were the pros or cons of this transaction? And what did you learn from it? +With so many landlords still on the hook for taxes, utilities and more. I am wondering why haven't the sued state government and CDC for eviction moratorium? They are offering no support for the landlords. + +Is there some legal doctrine preventing this? I'd love to hear from some real estate attorneys if there are any on these boards. +Iā€™m in the process of purchasing a 2 story, 2,800 square foot house in Cleveland and the home inspector found knob and tube wiring in the house. Based off r/electricians, it seems to be unsafe to keep in the property and I should remove it. Do I have any other options here? What should I expect the cost the be should I hire a contractor? +I'm a small-time landlord. Own a few houses that I used to live in, break even on them, and work a normal day job. I'm getting 4 or 5 calls/texts a DAY right now from random people looking to buy my house. None of my properties are for sale, nor have they been in the last several years. + +Is this normal? Short of changing my phone number, is there any way I can stop these? Every one gets blocked, but the calls still just won't stop. +This was his first video interview in a couple of years (the whole thing can be found on GMEDD.com). He speaks about GameStop, investing, and they even go through a bunch of his tweets together. + +I snipped out a portion where he talks about why he sold his stake in BBBY. Clearly he isnā€™t able to say much, but he was able to give a general explanation for why he sold. + +He admits that he simply did not want to see a guy f*%#ing a watermelon. Jk šŸ˜‚ +The pace at which good things happen on Ethereum is accelerating: + +\- [The amount locked in defi is booming](https://defipulse.com/) + +\- [Scaling through Plasma is actually happening right now](https://np.reddit.com/r/omise_go/comments/eq7mn4/omg_network_security_audit_complete/) + +\- [Scalability under its rollups form is already here on eth 1](https://np.reddit.com/r/ethfinance/comments/e83l6u/jeremy_allaire_with_the_ethereum_istanbul_hf_zk/) and allows more than 3,000 tps (more than VISA) + +\- Despite the delays, [eth 2 is undeniably happening](https://blog.ethereum.org/2020/01/16/eth2-quick-update-no-7/) + +\- [EIP 1559](https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1559.md) will most likely be implemented and will significantly reduce issuance + +\- [The merging of eth 1 into eth 2 (eth 1.5)](https://np.reddit.com/r/omise_go/comments/eq7mn4/omg_network_security_audit_complete/) is a superbly elegant solution to the two chains problem and will not only make the transition way quicker but will decrease issuance even more + +\- [On-boarding through communication and education is finally fully part of the](https://medium.com/marketingdao/introducing-the-ethereum-marketing-dao-89ce07229c3c)plan + +\- Communication to the community has improved a lot (big up to Danny Ryan) + +\- The interconnected dapps ecosystem (LEGOS thing) is becoming more and more robust every day. Take part in [PoolTogether](https://www.pooltogether.com/)'s no loss lottery, switch you eth to the stablecoin dai using Uniswap without even leaving PoolTogether. + +\- No other platform comes close to any of this + +There are still mountains to be climbed but it's all looking pretty damn good. + +If you're interested in learning more about Ethereum, consider joining [r/ethereum](https://np.reddit.com/r/ethereum/) and especially [r/ethfinance](https://np.reddit.com/r/ethfinance/) +The Apple Watch is not the hit Apple needed. Apple didn't release sales figures for it, except to say that December was its best quarter ever, but the anecdotal evidence is pretty overwhelming. +Same thing with Apple TV: nice product, slowly growing sales every quarter, but not particularly material to earnings. It's lumped with the Watch and Beats headphones in the "Other" category, which delivered $4.3 billion in revenue out of Apple's $75.9 billion in total. +Plus, Apple's record with services is bad. Apple Maps still isn't as good as Google Maps. Siri works right about half the time. Also, iCloud is confoundingly frustrating ā€” I just had a problem updating my iPhone software because my iCloud storage was full to capacity and they wanted me to buy more. I wasn't even aware I'd turned it on. And Apple Music is a buggy mess. +Don't get me wrong: Apple is not in trouble. It just posted the biggest quarterly profit of any company in history. It has more than $200 billion in cash and investments sitting on its balance sheet. More than 1 billion Apple devices are being actively used right now, and Apple can theoretically sell services and downloads to all of them. It will continue to iterate on its existing hit products, particularly the iPhone, to keep people upgrading every two or three releases. +But for a company to keep growing at the rate Apple grew during the last decade, it can't just keep reworking the same old classics. It has to deliver new hits, too. +http://www.businessinsider.com/apple-needs-a-hit-2016-1 +Back in the day when I was budgeting in 1-2 ā€œfast daysā€ per pay period and telling my coworkers it was for religious reasons, I had zero money for entertainment. No $0.99 books, no $1.75 Redbox, no Internet, no going out to eat... you get the idea. + +So, I got creative with what I did with my free time after work. Streaming talk radio because it was easier on my data, spending every spare hour I had at the local library, becoming active in two churches (itā€™s the south yā€™all, we like to serve food)... You get the idea. + +So, what are some things that you do/have done to stay sane while being flat broke? +This is my third time trying to post this so let's see if it works... + +Essentially Gamestop hits 350 in 3 month intervals with a reversal from its low happening at the two month interval. + +&#x200B; + +We hit 350 in **March**, bottomed out in **May** (two month interval), back to 350 in in **June** (3 months from **March** high), we bottom out in **August** (two month interval from June) and Rise towards 350 by Mid **Sept** (three month interval from **June**). Buckle Up Buckaroo. + +Edit: the lines are the graph are exactly parallel. So the high from March to the low of May coordinates almost perfectly with high in June to the low of August (low should occur soon based on chart). + +Not financial advice. + +&#x200B; + +[The blue dates at the bottom show the two month and three month time intervals](https://preview.redd.it/yrt635cku7f71.png?width=1837&format=png&auto=webp&s=98cbfcaef4ea75c2d1581ab07f080a1781a20a8f) + +&#x200B; + +Update as of 8/4/2021 9:00 AM Pacific + +&#x200B; + +[Trend still seems to be holding, Looking to see a reversal in the next couple days. Low in the 140s maybe high 130s depending on where it catches support. ](https://preview.redd.it/wumk7o4p8df71.png?width=1862&format=png&auto=webp&s=97130bcf027a5e4633b8b3c5d8082d4c3964f64f) + +&#x200B; + +Update as of 8/4/2021 1:07 PM Pacific + +&#x200B; + +[GME is close to its bottom around 145. If it breaks that support, the lowest i see it going is around 130. ](https://preview.redd.it/e0jgs8oleef71.png?width=1856&format=png&auto=webp&s=1a452a05ac38b74e2ba3eb8ad55cfb90d3db50ed) + +&#x200B; + +Update 8/5/2021 7:55 AM PST + +[Trend still holding. Had a nice bounce of 145 level. ](https://preview.redd.it/5zrhwc4uzjf71.png?width=1472&format=png&auto=webp&s=3703ed68dfdd812f589d618f68734464ee4654dc) + +Update 8/5/2021 11:27 AM PST + +&#x200B; + +[We have broken to the upside. Based on the chart we could see another low around 145 before completing this reversal.](https://preview.redd.it/wmr1w6po1lf71.png?width=1558&format=png&auto=webp&s=143138a5afb21f56d5ea5ca2a431617d11623667) + +Update 8/6/2021 10:27 AM PST + +&#x200B; + +[I think it is safe to say we have officially entered the trend reversal. Should see some nice upward movement from here moving into next week. ](https://preview.redd.it/0ggtrnmxvrf71.png?width=1856&format=png&auto=webp&s=537ff722371a642c18889579d1ed88658def845d) + +&#x200B; + +&#x200B; + +Update 8/9/2021 7:00 AM PST + +[Hope you bought your moon tickets !](https://preview.redd.it/588kiccw9cg71.png?width=2752&format=png&auto=webp&s=cc7b46ef99786ce885253d9603875ccf3b986bf9) + +Update 8/16/2021 + +&#x200B; + +[Trend is holding, 250 - 350 by mid sept](https://preview.redd.it/n42ma79ciqh71.png?width=1444&format=png&auto=webp&s=b7cc700bb068dafecb2b2638bd9de49ff2148846) + +Update 8/17/2021 + +&#x200B; + +[What's behind 170 Mr. Griffin? hmm...](https://preview.redd.it/tfqsi17rfzh71.png?width=1907&format=png&auto=webp&s=ed416c19a26d99961609f04eb3d7f826276fa6d3) + +&#x200B; + +&#x200B; +I will be quite frank here, I believe the Reddit IPO will be the end of this sub as we know it. I may be wrong, but I will guage the feel after IPO, and if either one of the following happens, I'm just going to delete my account and the app and continue to hold in silence.. + +1) the FUD gets to a point where it's abundantly clear that the flood gates, or should I say FUD gates, have been opened + +OR + +2) The new feel of Reddit is that of a more censored platform + +I encourage all of you fellow Apes to send a message that is very clear to the folks running this company by deleting your account AND the app if it gets to the point where we can no longer maintain a sub like this. + +Edit 1: A fellow sub user asked me to share this Discord chat as at least a way to have communication with fellow Apes if shit were to hit the fan, so I will reluctantly post it here, https://discord.gg/eJYW3SHB ,but to be fair and unbiased, I must say that I would rather see the mods set something up or atleast support and get behind a certain alternate. +With all the NASCAR stuff being mentioned, wanted to throw this into the fold. Trying to get a fighter on a Fox card would get massive viewership (maybe not as much as NASCAR but still huge). + +**Edit:** Since there seems to be support here, I am using the hashtag #BitcoinUFC on Twitter as I know many fighters are very active on there. Let's get the word out so fighters know we are interested. +I loved reading this quick article on John Urschel, a published Mathematician and 303 lb NFL guard. + +http://espn.go.com/blog/baltimore-ravens/post/_/id/20934/ravens-guard-john-urschel-is-living-big-in-a-tiny-car + +Received a $144K signing bonus when he was drafted and decided to buy a $9,000 Nissan Versa with 30,000 miles because it was a "good deal". + +Goes to show that no matter how successful you are, the right mindset on money, budgeting, and knowing where to spend your money that gives you the most enjoyment is what matters. + +P.S. there's a funny picture of his car next to this teammates in the article. +I need HELP. Iā€™m 32 years old and I have a 6 year old daughter. I feel like a should have it all together. But I donā€™t. I just now got my own place a month ago with her by myself. Barely. My friend had to help me out with money for that cause I had none. I feel like I never have money. Itā€™s such a vicious cycle of I get paid and two days later I have $6 in my account, and I feel like $hit for it. Between trying to buy stuff for my apartment because I literally had absolutely nothing for it and Christmas I feel like I am drowning. I am so stressed. I literally donā€™t know what to do. I sometimes hate myself cause of the face that I never have any money. My bills arenā€™t too high. My car is the most expensive thing and Iā€™m so behind on it, Iā€™m afraid they are just going to come take it when Iā€™m not looking. Im almost always late on all my bills. There seems like thereā€™s never a light at the end of the tunnel. +This is NOT DD but more so my speculation from scouring the internet and what I have discovered. **Interpret it as you'd like.** (This is also my first Reddit post, so please don't be too harsh) + +For those that have performed DD, you know CEO Ted Murphy has been counting down to Friday, with the first mysterious message this past Sunday. These cryptic posts can be found on IZEA's Twitter and Instagram. Each message has had lyrics to Harry Belafonte's calypso song, *Jump in the Line (Shake, Senora)*. + +([Twitter](https://twitter.com/izea) \---- AND ------ [Instagram](https://www.instagram.com/izea/)) + +Additionally, with each message there has been a PR directly from IZEA or some sort of news: + +(Sunday: [Zacks upgraded IZEA from Hold to STRONG-BUY](https://zolmax.com/investing/izea-worldwide-nasdaqizea-upgraded-to-strong-buy-at-zacks-investment-research/4246644.html)) + +Monday: PR from IZEA [Announces NEW Fortune 500 Customer](http://www.globenewswire.com/news-release/2020/06/08/2045140/0/en/IZEA-Announces-New-Fortune-500-Customer.html) + +Tuesday: PR from IZEA [Announces New Contracts with TWO Fortune 500 Retailers](http://www.globenewswire.com/news-release/2020/06/09/2045887/0/en/IZEA-Awarded-New-Contracts-by-Two-Fortune-500-Retailers.html) + +SO what is IZEA announcing Friday? Maybe revealing the *NEW* Fortune 500 customer. Maybe revealing the two Retailers that renewed contracts with IZEA, one of them a **Fortune 10** customer. + +[Current FORTUNE 10](https://preview.redd.it/83vzg0hu2z351.png?width=639&format=png&auto=webp&s=3d5904999c04eb786904c21c5a6e3626e79288c1) + +On IZEA's [Customers landing page](https://izea.com/managed-services/our-customers/), Wal-Mart is (technically) the only current Fortune 10 company that previously has had a contract with IZEA. + +https://preview.redd.it/pn2v0ffy2z351.png?width=995&format=png&auto=webp&s=471d7a737bf9826697169060a5e62a1baa2473ec + +However, we know that [Twitch and IZEA are already in bed together](https://izea.com/influencer-marketing/twitch/). And who owns Twitch? Yep, you guessed it...AMAZON. Could Amazon indirectly be the Fortune 10 customer because they own Twitch? Maybe. But Twitch is not on the above Customer's page which was surprising to me. + +This brings me to the Jump in Line lyrics that have been used as captions on each of the Social Media posts so far. The song has had appearances in: + +1. [The Little Mermaid](https://youtu.be/5p6DUZUFC7E) +2. [Beetlejuice](https://youtu.be/QooqZkNk8Bw) +3. Even [Pitbull and T-Pain made their own version](https://www.youtube.com/watch?v=AmuKdoe8MvI) (screenshot of lyrics below so you don't have to listen to the song....) +4. Steve Wozniak + +&#x200B; + +[Shake Senora lyrics](https://preview.redd.it/xqspo4956z351.png?width=379&format=png&auto=webp&s=ef15c6818331ec2f9202fd9113c19884e95cef71) + +&#x200B; + +**The Little Mermaid**: Disney is currently ranked 53rd in the Fortune 500. That eliminates them from being the Fortune 10 customer. Have they had a previous contract with IZEA? I couldn't find anything publicly but did confirm [the CEO has consulted with Disney before](https://izea.com/company/leadership/ted-murphy/). + +* [IZEA HQ is in Orlando, a short drive from Disney World](https://izea.com/contact-us/orlando/) (Keep in mind that Walt Disney Co. is technically HQed in Burbank, CA) +* A Live-action remake of the Little Mermaid, originally announced back in 2016, was originally scheduled to begin production in April 2020. Then COVID happened. [Filming is now expected to begin as early as JULY 2020](https://en.wikipedia.org/wiki/The_Little_Mermaid_(franchise)#Live-action_remake) +* [They have finished recording all the music for the film](https://thedisinsider.com/2020/04/17/first-look-at-prince-erics-castle-for-the-live-action-the-little-mermaid/) + +**Beetlejuice** + +* Distributed by Warner Bros. A sequel has been shelved as of April 2019. +* One of the most memorable appearances of this song was in Beetlejuice during the climax of the movie. +* Warner Music Group ($WMG) - On June 3, WMG officially had its second IPO on Nasdaq (went private in 2011), raising $2 billion with a valuation of $12.75 bilion. +* Could there be some connection to WMG? Unlikely, since Harry Belafonte released all his albums with RCA Victor which is owned by Sony Music. With no sequel in the works and Sony owning rights to Belafonte's albums, it's hard to find a connection there. + +**T-Pain** + +* In a "random" social media post today, IZEA gave a shoutout to a past marketing campaign for [Target and Trident Gum](https://www.instagram.com/p/CBN8qj5h0OB/) +* I reached out to the users tagged on this post to find out how recent the campaign happened but received no responses. +* HOWEVER, this past February, T-Pain had a pop-up performance in Chicago to unveil his partnership with Trident Gum and drive awareness to their new product Trident VIBES gum. +* Yes, T-Pain was featured in Pitbull's rendition of Shake Senora, AND partnered with Trident Gum for this recent marketing campaign that IZEA spotlighted on its social media accounts TODAY. + * "The campaign produced 41 pieces of content, 295k+ social interactions, and an engagement rate of 10.32% šŸŽÆ Instagram stories drove 11x more click through traffic to the coupon redemption page than Instagram photos in this campaign" +* [Trident's IG post revealing T-Pain partnership](https://www.instagram.com/p/B9Xio9NhifB/) +* This still seems like a stretch to me, but Target is actually on IZEA's customer's page (link above), right next to Wal-Mart.... +* **Apple** +* This one seems furthest from likely, but I wanted to include all my findings. +* In 2009, in season 8 of Dancing with the Stars, Steve Wozniak danced a Samba to this song. +* It was terrible lol. He got a 10 out of 30, the second lowest score in the history of the show. "It was the only dance that got 3s or less and was not the celebrity's final dance." +* Steve Wozniak co-founded Apple with Steve Jobs and AAPL, as you know, is #4 in the FORTUNE 10. + +&#x200B; + +So, this leaves us with the perpetual question: + +# What does it all mean? + +Well, I don't fucking know. But let us commence this Discussion. Share your feedback. Share your own thoughts that might connect some dots I didn't. Hell, maybe it'll become a megathread by Friday's announcement. I will add on as I make new discoveries. Bless everyone that is along for the ride! And cheers to all who may profit from IZEA. + + + +OP's Investments into IZEA: + +Currently, here is my investment. + +https://preview.redd.it/xpgo5cuihz351.png?width=646&format=png&auto=webp&s=5ed3fa6bb775b22f4688b1fc4bea900864dc03e0 + +Last month, I had owned 5,547 shares at an avg price of 0.6199. + +https://preview.redd.it/18tqh3tmgz351.png?width=701&format=png&auto=webp&s=9221064dfc0547716cfa2d4f850cf576bb0f86f1 + +With weak hands, I regrettably sold for a loss to put that equity elsewhere. + +https://preview.redd.it/rbrnongogz351.png?width=704&format=png&auto=webp&s=9c2e106b100f12a4e8244f1dfcb491f451d1d2c1 +It was a feature on the app to redeem power up rewards for digital currency for PSN and Xbox. My source: done it countless times. + +Not to say they havenā€™t reworked it to mean something else, seems like we are reaching hereā€¦. + +As always, tomorrow is the day!! + +šŸš€šŸ’ŽšŸ¤²šŸ» +Robinhood Markets Inc. priced its initial public offering at $38 a share, at the low end of expectations, after the popular trading platform met tepid demand for its highly anticipated debut. + +The price chosen by the company and its underwriters is at the bottom of the range of $38 to $42 a share they had been targeting. It pegs Robinhoodā€™s valuation at about $32 billion, far higher than the nearly $12 billion it fetched in a funding round a year ago but below the lofty prior expectations of some investors and bankers. + +Robinhood has said it and some executives would sell 55 million shares, so the offering should yield more than $2 billion. + +The price reflects both hesitation on the part of some investors, who bristled at what they saw as the high valuation Robinhood sought, as well as a conscious decision by the company and its underwriters to be conservative in order to help set up a successful first-day of trading, according to people familiar with the matter. + +Next up for Robinhood is its trading debut, which the company will make Thursday on the Nasdaq stock exchange under the symbol HOOD. It is a markedly different debut than the traditional IPO. While most companies only allocate a small amount of stock to individual investors at the time of their IPOs, Robinhood sold a big chunk of its IPO shares to individual investors over its new platform that gives users access to IPOs before they start trading. + +That high individual investor allocation is an X factor for Thursdayā€™s debut. The large chunk in the hands of individual investors-ā€”as well as the buzz around Robinhood by other individual investors who didnā€™t receive shares in the IPOā€”represents a wildcard, and some traders at banks that underwrite big IPOs say it is hard to predict how that will impact the stock at the open. + +Robinhoodā€™s decision earlier this year to stop users from buying meme stocks like GameStop Corp. GME -5.28% during the height of the frenzy for such shares rankled some investors and could prompt some to eschew the offering. + +Past IPOs in which a significant percentage of shares were allocated to individual investors have struggled. In 2012, Facebook Inc. FB 1.49% sold about 25% of its IPO to individual investors. The stock closed slightly above its $38 IPO price in a rocky first day of trading before tumbling the next day, in part because many individual investors received more stock than they wanted. It took more than a year for Facebook to close above its IPO price again. In 2006, Vonage Holdings Corp. VG 0.56% allowed longtime customers to buy into its IPO. Its stock also wobbled in early trading. + +The Robinhood listing is another landmark in a historic boom in IPOs as a rising stock market and hearty investor appetite entice a slew of successful private companies to shift to public ownership. Some 20 companies are going public each week this year, according to Dealogic. Traditional IPOs had raised more than $98 billion as of Tuesday, on the cusp of surpassing all of 1999 and 2000 as the biggest year ever for U.S.-listed IPOs. + +In the nearly seven years since it launched its app, Robinhood has gone from a tiny startup to one of the largest U.S. retail brokerages. The firm, which popularized zero-commission trades, says its mission is to democratize investing. It is a philosophy Robinhood reinforced Saturday by hosting a live-streamed roadshow presentation for individual investors. + +As of the end of June, the firm had 22.5 million funded accounts and its users held about $100 billion of assets on the Robinhood platform. + +The company went viral earlier this year when millions of amateur investors downloaded its app to participate in the explosive rally in meme stocks like GameStop. The breakout moment nearly broke Robinhood, as the company had to restrict purchases of some high-flying stocks and raise billions of dollars in emergency capital to meet regulatory requirements that kicked in because of the increased trading volumes. + +Robinhood bounced back and continued to attract new users, but, more recently, it flagged that its growth is slowing. The company said in a securities filing last week that it expects its third-quarter revenue to fall relative to the second quarter, partially due to decreased trading activity. + +Its popularity has brought increased regulatory scrutiny too. In the past nine months, the company has agreed to pay more than $130 million to settle investigations into a range of its business practices. There could be more on the way: Robinhood disclosed this week that it got a new request for information from Wall Streetā€™s self-regulatory body, Finra. + +https://www.wsj.com/articles/robinhood-ipo-prices-at-38-a-share-11627515866?mod=hp_lead_pos7 +Someone commented in the daily thread earlier today that theyā€™re tired of all the manipulation and that our DD keeps ā€œmoving the goalposts,ā€ and that theyā€™ve ā€œbeen here since January ā€˜21.ā€ + +I wanted to argue with them, but I actually had some introspection about my entire time on this sub, the last sub, and the last sub before that, through this entire saga. + +In the beginning, price fluctuations really bothered me, but I never voiced my frustrations in the sub directly, I just went through posts and the daily thread, finding negative comments and arguing with them instead. I know deep down that this play will unfold as weā€™ve predictedā€¦**and weā€™re finally seeing the fucking thing unraveling as weā€™ve predicted** + +ā€œMoving the goalpostsā€ is a lazy way of saying I canā€™t stay patient. Especially when everything we predicted is finally unfolding. A year ago, all we had were predictions and breadcrumbs. Now, we have the market on the brink of utter chaos, the wallet launch, the NFT marketplace launch imminent, one of the main fucking villains (Melvin) dying, a stock dividend! + +Looking back on everything weā€™ve been through, it is incredible to see everything that the brilliant people (not me) in this sub have predicted coming true. + +As someone who has gotten their entire family and a lot of friends into GME it feels really good to tell them that this is not some crazy conspiracy theory and show them proof that we found a diamond in the rough. This is the result of some brilliant people from all walks of life from all over the world, peer reviewing theories and all of it finally coming true. + +We are fucking close. We are right. Weā€™re gonna be dumb rich. +It looks like GDAX's margin traders and stop-lossers weren't the only recipients of good news today. I guessed 3 hours, 23 minutes, not the exact time, but close enough to win! A deleted account took second with slightly over 2 hours, and our very own /u/jtnichol [+16] snatched third for a sly 67 mins 67 secs. [Link](http://np.reddit.com/r/ethtrader/comments/67hu7o/1_ethprize_pool_to_nearest_second_how_long/) + +Just saw the 1 Eth deposit confirm in seconds! It looks like the blockchain has really cleared up nicely. And now Vitalik is on the move with a mid-term scaling solution! At times like these I just have to reiterate how cool it is that we can send funds without an intermediary, quickly, and with low fees. Not to mention the best development team on the planet. + +Thanks again to /u/-o-o-o for funding the contest and not needing a smart contract to come through on this one ;). A welcome reminder of how great this community was, is, and will continue to be. +In the real world, after hundreds of years and millions of written contracts in developed countries, there is an understood social contract executed by the justice system that does not allow a party to a signed contract to have property expropriated from him/her if it is thought to clearly not be the intent of the contract's signer. + +If I click on "accept all terms and conditions" on an iTunes software upgrade, if there is language in there, either on the first page or 50th page, that says I agree for Apple to take 1/3 of my net worth, no court will side with Apple. That would be an evil system and completely socially unacceptable--so that contract would not be "immutable." And importantly, it would not be a better legal system if that contract were immutable. So after hundreds of years, the contractual system has evolved to where it is--where some contracts are not immutable--because that is the best system. If there was a better way, society and the justice system would have spoken and we would have a different system. + +I believe the future of smart contracts will have a similar feature. Why? Because whether it's a recursive call or some other bug, the big idea is that mistakes will always be made at some point. This is unavoidable. The ultimate winning smart contract platform will not tolerate what happened to the DAO. Whatever system accepts what happened, whether it's Ethereum or some other platform, ultimately it will die and another system will win--one that has the same understood social contract that exists in the real world. Mechanisms will ultimately be put in place to bring about such a system. + +Soon, the current DAO matter will come to a conclusion. One thing of which I am sure: if the result is that the DAO investors will lose 32% (or more) of their money because of an obscure bug that even many experienced programmers missed, clearly something the investors had not intended and never would have agreed to, then Ethereum seriously damages itself and opens the door to a competitor that will have a socially correct solution to such a mishap. On the other hand, if the stolen money is returned, and Ethereum comes up with and implements robust solutions to what will be a feature of smart contracts, then I think Ethereum will keep its lead as the smart contract platform and grow. + +I was wondering what benefits besides being a DEX and occasional token drops and whether they're actually worth using for the average user, although the reasons might be relative I'm curious to what people think when compared to a CEX? + +For example, I had some ETH in my metamask account and attempted to buy some USDC to interact with PoolTogether, currently [UNISWAP ](https://uniswap.org/)offers a 40$ fee whereas [1INCH ](https://1inch.exchange/)offers lesser fees which cost around 20$ after unlocking, Hence making 1 inch my preferred DEX + + +However, I could do the same thing on a CEX like binance or Coinbase for less than 1% of that fee. +So besides the increased fees for trading, what are the privileges of using a DEX and which one do you prefer? +So with the recent attacks on peoples accounts and the people being advised to not use SMS for 2FA, I decided to contact my phone service provider and bring up the topic. My provider has a chat option where I can just message with a representative, so I decided to bring up social engineering and they were surprisingly helpful. They let me know that I was able to set up a password that would have to be provided every time I required customer service and set it up for me (screenshots below). Even with this added layer of security I still don't advise using SMS for 2FA, but it's worth contacting your provider to see if you can set up something similar. + +http://imgur.com/vrvUvRr + +http://imgur.com/AMMiNLC + +http://imgur.com/pKsaKmh + +Here's a few general rules to keep your accounts safe: + +1. Do not use the same password on multiple accounts. +2. The password should contains at least 15 characters, it should consists of both numbers, letters and special symbols. +3. Do not use the names of your families, friends or pets. +4. Do not use postcodes, house numbers, phone numbers, birthdates, ID card numbers, social security numbers, etc. +5. Do not use the most commonly used English words. +6. You should not let your browsers( FireFox, Chrome, Opera, IE, Safari ) or FTP client programs save your passwords, any password saved in the browser can be revealed with a simple click using a script. +7. Do not login important accounts with a public computer or a machine of other guys. +8. Do not login important accounts with HTTP or FTP connections, because the username and password in the message of a HTTP or FTP connection can be captured easily with a network protocol analyzer like Wireshark, which means that the password can be sniffed or hacked with very little effort. You should use HTTPS or SFTP connections. +9. It's a good habit to change your passwords regularly. +10. It's recommended that you remember 3 to 5 main passwords, and store other passwords with a certain software, for example, you can save them in a plain text file and encrypt it with 7-Zip or BitLocker, or manage them with a password management software. +As above, I just sold my summer sports car that I rarely use, I've owned it for years, but now I got 20k to drop somewhere. Can someone who knows more than me give me some advice? Currently own 3.5 ETH +Hello. + +I'm moving in with my girlfriend at the start of June and consequently no longer need my own internet connection. + +I just rang them up to cancel my account with them and was informed that because my contract doesn't end until 2023, there would be an early leaving fee of Ā£113.98. This seems a bit steep and I'm wondering if this is just them assuring me I need to pay them money that I actually lawfully don't have to? I pay around Ā£28 per month for my internet. + +I've been through situations like this before when I cancelled a Ā£10 pcm gym membership. I was informed I owed them a over a hundred pounds and was about to pay it until I did some research and discovered that legally I was only obliged to offer one month's fee. Could this be the same situation or do they have me over a barrel? + +Also, if I do go down the "You can whistle for it" route, will this damage my credit score? + +Any input welcome. +The hedgies have dug themselves a hole way too deep to get out of this without triggering MOASS at some point. Every day their collateral shrinks and they are forced to short even more to keep their obligations under their collateral value, further digging themselves deeper into the hole. And while they could keep this up for a while, we are looking at a market that is held together with gum and duct tape, and now it's starting to fall apart. We are looking at a market correction soon, and their collateral will take a huge hit. + +Maybe they can short it enough to keep Marge from calling, but that price drop just makes it easier for the apes to DRS the float. They will either eventually be unable to meet their collateral requirements and get margin called, or the lower GME price from preventing margin calls will allow apes to DRS the rest of the float. The walls are closing in, and short of the Fed stepping in to save the SHFs (which would completely destroy the world's confidence in the US markets, so unlikely), MOASS is inevitable. +I started saving when I got my first graduate job about 6 years ago, and with no fixed goal in mind I decided to just make an investment into an index tracker each month. About a year and a half ago my circumstances became right to buy a house, not least because by this time I'd managed to amass a fairly sizeable deposit. However, the crazy house price growth over that time has always kept my goal just slightly out of reach, with prices increasing by more than the fairly substantial amount I was able to save (Ā£1-2k each month). + +Across this time period, I kept investing in the index tracker because I had no idea when prices would calm down enough for me to be able to buy, and I was worried that my savings would get eaten up by inflation. The same is still true now, but I'm getting increasingly twitchy about the prospects of losing money on the stock market in the short-term future, what with the cost-of-living crisis and the looming recession and everything. With that in mind, should I look to pull out of the stock market and move the money somewhere safer (probably the Chase account paying 1.5%) as soon as possible? Or are there any reasons I'm not considering for why it would actually be more sensible to keep my deposit in stocks? +["The Week on Chain - 19" from Glassnode.](https://insights.glassnode.com/the-week-on-chain-week-19-2021/) + +I've been pushing for more DD to be done to try and understand this bull market, and potential for it ending or continuing on. I'm very bullish in this regard, and I wanted to share some data points I've found that are most alarming. The full write-up by Glassnode is in the link at the top of this post. + +1) Miners are accumulating! This is one of the most bullish signs you can look for, considering miners are some of the most heavily invested in the space. On top of that, it is a hindsight indicator, as I call it, meaning it uses 14 day moving averages, and only really shows a trend over 3 or 4 difficulty epochs. + +&#x200B; + +[Miner's Accumulating - Credit to Glassnode](https://preview.redd.it/fb4qtp5w1az61.png?width=2400&format=png&auto=webp&s=754b44b519f211f86461f625b2a5c50e45a37e21) + +2) Supply on OTC desks is continuing to dwindle, pointing to two possibilities, or a combination of both. Miners liquidate much of their holdings via OTC desks, so a supply shortage there confirms our previous data point, however it could point to an increase in institutional FOMO. One thing I found most interesting is that OTC desks hit a local low of only 6,000 Bitcoin! That is dangerously close to forcing institutional money onto exchange markets, which would be a pretty intense supply squeeze. + +&#x200B; + +[OTC desk supply over 4 years - Credit to Glassnode](https://preview.redd.it/lu0fllin2az61.png?width=2400&format=png&auto=webp&s=d6fc4320eca7fdde5efbd7990c18d65326e0c28e) + +3) Coinbase and Binance balances are flipping, showing two trends, potentially. One being massive institutional demand/HODLing from US based customers, as Coinbase balances slide over the past 6 months. The other being a rapidly developing market in the global space for Cryptocurrency, as balances on Binance actually hold steady, and show an increasing trend, over the same time period. + +&#x200B; + +[Exchange Balances Over Time, Credit to Glassnode.](https://preview.redd.it/s5rdz7am3az61.png?width=2400&format=png&auto=webp&s=0c367ebe23e2bff81e0d2f885e335c06be85690b) + +I do implore anyone even remotely interested in the Bitcoin and Ethereum market to tune in further to Glassnode's insights. Of course the company has a bullish bias, considering they are a company built around the space, however I find that the writing is professional and they maintain skepticism and point out common flaws in logical reasoning, like correlation =/= causation. + +And don't forget to HODL. Cheers! +Can anyone offer some advice on the pros/cons of extending my loft, in the current economic climate? + +I'm thinking of extending my mortgage to cover the cost, and for around Ā£60k (after tax) I'll get a whole new floor on my two bed flat in Tottenham, and a nice new bathroom to go with the big loft room. + +On the positive side my LTV will still be <60%, and I'll get a good interest rate. I'll also get the benefit of the space for around Ā£175 a month on my mortgage, and have the option of renting out the space to get some income. I really like the lifestyle options this gives me. + +However I worry about the impact of a falling housing market, and the poor economic outlook. My monthly payments will be Ā£850 so I think I'll be okay in terms of affordability as I have no dependents. But I was wondering what the worst case scenario might be if house prices end up dropping? Could it end up being a costly and imiting mistake? + +My long term goal is to move house (in around five years) and to retire about 5-10 years after that. My pension is looking reasonable - currently around Ā£350k, at 45 years old. So I'd be interested in any views about the options I have ... + +BTW: I've been really impressed with the quality of advice in this group, both for myself and others. Thanks for all the support! +Hi, + +When I was 16 I opened my first bank account, an Halifax easy cash account. + +Without me knowing, my mum took my card/account details and opened a large overdraft on the account and maxed it out. + +This was ten years ago, I since have opened a new account and went about my life. + +Recently, I found out she was still using it and constantly hitting the overdraft limit and had been for the past 10 years. She says she canā€™t afford to pay it off, should I approach the bank about this? I donā€™t want her to get into trouble or anything for fraud. + +Worried about it affecting my credit rating. + + +My dad died on Tuesday he was the main income in our household. My mum is worried about losing our family home and paying the bills my brother and sister live at home with her while I am moved out in my own place. + +My mum does work but she is currently settling his affairs as he was a self-employed tradesman and closing down his business. + +I don't make enough money to help provide for my mum and siblings, my dad had life insurance to cover the mortgage but that was it. + +My dad is ex-army and so am I, i have already been in contact with the Citizens Advice. + +Is there any advice and signposting that can be given to make this easier on my mother financially. I plan while on my break to see the British Legion. + +Scottish based. +Late last year the members of the Fed sold all their stocks and then held a press conference where they said they were going to reverse their actions of the previous 2 years and dump the market. All year the market has dumped. Anytime we get a rally the Fed comes out and says we aren't done bringing the pain and the market dumps again. + +If you have 20+ years to retirement and are dollar cost averaging into etfs great, keep doing that. Also why are you bothering to post on here. + +If you are trying to pick stocks, stop. If you do not have a complex strategy to trade these markets you should be in cash. + +But when do I deploy my cash? The Fed will literally tell you when they feel like inflation is getting better and they are going to taper off rate hikes. Start buying then. Its just that simple. Some people will always pile in before every CPI/FOMC hoping to catch that bottom but its better to wait and see and miss a bit of gains to know the Fed is taking its boot off the markets neck. Until it does it doesn't matter how much you like Google Meta AAPL or whatever they are going to go down for now. +**News out this morning. The company has clarified the status of its lead product Mino-Lok.** + + +Is the Market Value of Citius Pharma (CTXR) About to Make a Big Move? + +Good day everyone, + +WE are continuing our coverage ofĀ **Citius Pharmaceuticals, Inc. (NASDAQ: CTXR),**Ā a late-stage specialty pharmaceutical company dedicated to the development and commercialization of critical care products. + +Current priceĀ Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā  $2.24 per share + +After closing at $2.16/share in last Fridayā€™s session CTXR shares climbed to a high of $2.32 in early trading. Trading volume has been brisk with nearly 4M shares traded in the first 30 minutes of todayā€™s session. + +Today CTXRĀ [released a business update](https://finance.yahoo.com/news/citius-pharmaceuticals-inc-provides-first-132000110.html)Ā including highlights and upcoming milestones. The company has clarified the status of its lead product Mino-Lok: + + +* On July 1, 2021, Citius reported that the independent DMC recommended continuation of the Phase 3 Mino-LokĀ® pivotal superiority trial as planned with no modifications or safety concerns, +* Citius expects to complete the Mino-LokĀ® trial by the end of 2021 or early 2022, subject to continued easing of COVID-19 restrictions in the U.S., +* Citius plans to submit a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) in 2022 following completion of its Phase 3 Mino-LokĀ® trial. + +We urge you to read the CTXR article linked above as part of your due diligence as it clarifies the exact status of Mino-Lok in detail and dispels any recent misinformation. + +We want to reiterate that the recent interim analysis by independent Data Monitoring Committee (DMC) for the Mino-LokĀ® Phase 3 Pivotal Superiority Trial was a positive event and we are excited about it and the associated implications. + +2 Wall Street analysts have issued ratings and price targets for Citius Pharmaceuticals in the last 12 months. Their average twelve-month price target is $5.00, predicting that the stock has a possible upside of 131.48%. The high price target for CTXR is $6.00 and the low-price target for CTXR is $4.00. There are currently 2 buy ratings for the stock, resulting in a consensus rating of "Buy." + + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +The company shares have retreated 52%. How willĀ **YOU**Ā play the dip? + +Good day everyone, + +WE are updating our coverage ofĀ **Citius Pharmaceuticals, Inc. (NASDAQ: CTXR),**Ā a late-stage specialty pharmaceutical company dedicated to the development and commercialization of critical care products. + +Current priceĀ Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā  $2.15 per share + +CTXR shares retreated from their June 22ndĀ high of $4.56/share last week after a report by the independent Data Monitoring Committee (DMC) for the Mino-LokĀ® Phase 3 Pivotal Superiority Trial recommended proceeding with the trial as planned. News of the interim DMC report at 65% enrollment left some investors wanting. The company shares are down 52.85% and may represent a rare buying opportunity. + +**Here is what we heard from CTXR last week:** + +[Citius Pharmaceuticals, Inc. Announces Positive Recommendation by Independent Data Monitoring Committee to Continue the Mino-LokĀ® Phase 3 Trial as Planned](https://finance.yahoo.com/news/citius-pharmaceuticals-inc-announces-positive-130000617.html) + +The independent Data Monitoring Committee (DMC) for the Mino-Lok Phase 3 Pivotal Superiority Trial has recommended to proceed with the trial as planned, following a unblinded data review of safety and efficacy. The DMCĀ **did not**Ā identify any safety concerns and no modifications were recommended. + +**CTXR and Mino-Lok have NOT experienced a negative event. The interim review by the DMC was positive news.** + +ā€œWith Covid-19 restrictions easing, we believe we are now better positioned to accelerate our efforts to complete the trial. To that end, we will continue to engage with the U.S. Food and Drug Administration (FDA) and look forward to their guidance as we advance this program," said Mr. Myron Holubiak, President and CEO of CTXR. + +We read a couple articles posted about the recent phase III interim report, downplaying the DMC interim review results and hereā€™s the gist of them: + +ā€œAnother interim analysis has come and gone with an unsatisfying result. Mino-Lok hasn't achieved superiority over standard care yet. The Mino-Lok phase III trial is taking too long.ā€ + +Frankly, we had hoped there would be safety and efficacy data included in the DMC report. That data has been collected by the DMC, just not reported to the company. We are reminded that the phase 2b clinical trial resulted in 100% efficacy with virtually no side effects. + +We are curious about the failure to establish superiority over the standard of care comment. The current standard of care is to remove and replace an infected catheter. It works. Regrettably too many people die from the procedure, and it can cost up to $50,000 verses, an estimated $1,500 for treatment with Mino-Lok. + +Yes, the phase III clinical trial for Mino-Lok is taking a long time. We are now 15 months into the coronavirus pandemic, an event that has shut down many clinical trials being conducted in hospitals. There are still 3,798 Americans in critical condition with covid. While most of us can now go to our favorite restaurant or shopping venue, be assured that hospitals are still operating with restrictions. + +As defined in the DMC charter, the primary role of the independent DMC is to safeguard the interests of study participants, assess the safety of the treatment, and monitor the overall conduct of the study. To ensure the protection of patients enrolled in the trial and to assure the timely and efficient completion of the study, each DMC recommendation is bound by strict parameters outlined in the DMC charter. + +The interim analysis last week at 65% enrollment, is the third one in the phase III trial and as in the prior two reports,Ā **the DMC did not identify any safety concerns and no modifications were recommended**. Thatā€™s a big leap for any company with a drug in a late-stage phase III clinical trial. + +Letā€™s review some of the positive aspects of CTXR weā€™ve liked all along: + +The company has 4 viable pipeline products.Their share structure is small.CTXR is entering the Russell 2000.They have a hoard of cash close to $100M.Mino-Lok is a late-stage phase 3 product.A strong experienced management team.Two analysts issued a ā€œbuyā€ rating this year.One analyst has a target of $6.00/share. + +We posed the question above, how will you play this dip? The future of Mino-Lok does not seem uncertain, itā€™s likely it will be approved by the FDA this year. The company has previously stated that on their website. There will be catalysts in H2 for the company shares provided by Mino-Lok news and potentially one or more of the other CTXR pipeline products. + +It seems like CTXR shares have been oversold based upon a reaction to some questionable press and we believe the current price is a rare buying opportunity. + +[Privacy Policy and Disclaimer](https://mailchi.mp/tradersnewssource/new-report-coming-tomorrow-at-the-bell-649548?e=[UNIQID]) +A Loopring developer shared some **very** ambiguous plans on Discord. I want to hear what your thoughts are on it. Is it at all possible or are we in for another massive rug pull? + + + +Here's the **Tl:Dr:** +We are building a futuristic, secure Smart Wallet and the dApps to give users a true **All-in-one** solution to give them safe/secure/**self-custodial** access to **ALL** of Crypto + + + +He goes on to say that LRC will be a better, self-custodial, future-proof, trust-less version of Coinbase or Binance. +And that it will be the **last wallet** a user will ever need to acess the **entire** Cryptoverse. + + + +Full message can be seen here https://imgur.com/a/L3AH1qU + + + +I'd love if **all** cryptos were available in the same place. I find it weird that we have to rely on exchanges to list the projects we want to invest in. +Also, at what age do you plan to fire? + +Full time, Iā€™m a state government investigator. I investigate doctors and nurses for things like drug diversion, malpractice, and application fraud. $60k/yr. + +For a side hustle, Iā€™m an on-call police officer (weekends only) for about 1-2 shifts a month for the department I previously worked at full time. $4k/yr. + +My wife is a licensed practicing counselor (therapist). $65k/yr. + +For her side hustle she does online therapy which pulls in another $3-4k/yr. + +Edit: my wife works in a community clinic for now, but she may open her own private practice in 6-10 years which would push her to $100k-150k. +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. +If you're new to Ethereum, but in love with Bitcoin, you may be thinking, "well, Ethereum is winning now, but Rootstock is still a contender". This topic come up frequently and has been addressed community members quite well. Because posts get censored elsewhere, and deleted over time, I thought I'd reiterate the points here. + +**tl;dr Using Ethereum to create bonded side chains has advantage to Bitcoin holders that cannot be obtained by non-currency agnostic chains (such as the proposed chain called Rootstock). Ethereum is better for Bitcoin, and with PoS, is more secure.** + +Rootstock is currently a proposal to be the path to creating smart contracts with Bitcoin. There is this idea out there called ā€œbitcoin maximalizationā€ in which a some cryptocurrency enthusiasts will only accept Bitcoin as THE blockchain of the future. Well, the challenge with that idea is that, while Bitcoin was the first successful blockchain, it is also slow, expensive, and the least-developed. Bitcoin maximalists believe that will change. They believe that bitcoin will adapt. They think Bitcoin will incorporate more technological innovation and maintain global dominance. Sadly, this belief still holds true for many, despite the clear conflicts between mining, development, and exchanges that have driven the long drawn out block size debate. Bitcoin ability to adapt and incorporate new technology is clearly questionable. + +One technological revolution brought on by Ethereum has been the smart contract (programmable automated contracts). Ethereum has had a year long monopoly on this innovation, and the monopoly appear to be maintain for the foreseeable future. Bitcoin maximalists do not like that idea. They feel it is a threat to Bitcoin dominance. + +While bitcoin and Ethereum COULD make lovely music together, the idea that Bitcoin could lose its dominant position (by market cap) is likely true. Ethereum has many more use cases. This doesnā€™t mean Bitcoin will go extinct. As a streamlined, non-bloated, currency, it may still be very useful, but I digress. + +What if Bitcoin could simply gain Ethereumā€™s technological sophistication? Rootstock desires to do just that, well, sort of, and for a piece of the pie. For that reason, itā€™s often promoted by /r/Bitcoin (a highly censored bitcoin community similar /r/btc). + +**So how will Rootstock plan to achieve this?** + +First, understand Rootstock is currently vapor. **An idea** and **an implementation** can be worlds apart. At the time of this post, there is not a single line of code on Github, while Ethereum has just matured to "Homestead" and is running perfectly. While some describe Rootstock as ā€œopen sourceā€, currently, nothing is open. Ethereum development took years to get where it is today, and the open aspect of the development led to Etherumā€™s current remarkable sophistication and stable platform. + +But letā€™s assume, fairly, that Rootstock does eventually emerge from vapor. Rootstock developers are borrowing some of Ethereumā€™s technology. Thus, in some sense, some of the work is provided for them thanks to Ethereum. Of course, it is easy to overstate. You canā€™t just cut and paste Ethereum and have it work. It requires a massive amount of development. + +**So what will Rootstock look like.** + +Currently, they have two major version planned: + + * 1) Smart contract via a 2-way peg, + * 2) Smart contract by merge mining. + +/u/vovobov (throwaway account) had this nice contribution: + + > **Ethereum as a bonded sidechain of Bitcoin with advantages over Rootstock** + + > What is a sidechain? + + > According to block stream: + + > A sidechain is a blockchain that validates data from other blockchains + + > Ethereum already does that with BTC Relay. So how about pegged assets? + + > * Two-way peg refers to the mechanism by which coins are transferred between sidechains and back at a fixed or otherwise deterministic exchange rate. + + > * A pegged sidechain is a sidechain whose assets can be imported from and returned to other chains; that is, a sidechain that supports two-way pegged assets. + + > This is an idea for an Ethereum contract that makes Bitcoin-backed tokens without any softfork or trusted Bitcoin multisig managers. Instead, Bitcoin IOU's are created on the Ethereum blockchain and backed by Ether bonds which are governed by Ethereum contracts like BTC Relay or price oracles. The Bitcoin IOUs are backed by Bitcoins held by the escrow managers but if they steal/lose the Bitcoins (or refuse to redeem them) the Bonded Escrow Contract will observe their naughty behaviour and sell their Ether bond to redeem the Bitcoins from someone else! + +> **Rootstock vs Bonded Escrow Contract on Ethereum** + +>There are two methods that Rootstock developers plan to use for issuing Bitcoin IOUs (called "Roots") on their Bitcoin "sidechain". AFAIU the first involves merged mining and a multisig wallet that entrusts a quorum of Bitcoin miners with the entire basket of Bitcoin eggs that were "moved" to the Rootstock chain. The second method requires softforking the Bitcoin blockchain for a two-way peg. + +>**Pseudonymous, distributed, untrusted issuers** + +> Rootstock dev maaku7: + +> > ā€œIt's a known trade-off made by any presently deployable implementation of the 2-way peg. It's also something that we were very upfront about in the sidechains paper, and part of the reason why many of us are so concerned about decentralization of bitcoin mining. + +> > In any non-SNARK, non-extension-block version of the 2-way peg a bitcoin node does not perform full validation of the sidechain as part of the consensus rules. Therefore it is perfectly possible (by design) for a threshold majority of the miners / signers to steal the coins in the peg pool, and censor any attempt to stop them. Why by design? Because that's the promise of sidechains: performant permissionless innovation at the cost of SPV trust in the honest majority of signers / miners. + +> > Sidechains we are working on (e.g. Alpha, Liquid) and Rootstock, by the looks of it, make use of a fixed set of signers instead of or in addition to reliance on >50% honest hashpower. This is because while less pure, it is ultimately safer to work with known, contracted entities as functionaries rather than 50% hashpower which at the moment is just a small handful of unaccountable people. + +> > EDIT: Although obviously the ideal end goal is fully decentralized mining, where creating a 50% hashpower cabal requires organizing thousands of people at minimum. In such a case we may be able to consider a pure SPV peg to have a reasonable security model. But we're a long way from there yet...ā€ + +> says this about sidechain security: + +> > ā€œIn any non-SNARK, non-extension-block version of the 2-way peg a bitcoin node does not perform full validation of the sidechain as part of the consensus rules. Therefore it is perfectly possible (by design) for a threshold majority of the miners / signers to steal the coins in the peg pool, and censor any attempt to stop them. Why by design? Because that's the promise of sidechains: performant permissionless innovation at the cost of SPV trust in the honest majority of signers / miners.ā€ + +> Ether bonds can remove most of the need for this trust and allow pseudonymous, permissionless participation in issuance and escrow management. Without anonymous, untrusted validators, distributed around the world, Bitcoin is looking more and more like Chinese Liberty Reserve or E-gold. ā€¦ + +> **Bonded sidechains decentralize pegged assets** + +> Even with a Bitcoin softfork, Rootstock has just one Bitcoin IOU with all the Bitcoins sitting like a duck in one "wallet". Since Roots are just one Bitcoin IOU from one issuer, they can't be used to back/bond IOUs the way Ether can. If Rootstock's multisig/SPV wallet is robbed by it's signers/miners or (as they always say) hackers, the value of Roots become "zero" along with any asset or contract using Roots. Ether continues to have value if Bitcoins are stolen. Theft just thins out the herd and makes people more cautious. Ether bonds make issuers mostly responsible for their IOUs with IOU holders assuming some risk if Ether loses too much value to Bitcoin. + +> **Issuing servers and indie issuers** + +> A basic Bonded Escrow Contract is practically complete since [BTC Relay]( http://btcrelay.org/) does the difficult part. "Bonded Escrow Contract" is completely decentralized and requires no modification to Bitcoin. It would allow **anyone** to "anonymously" manage Bitcoin escrow wallets or issue Bitcoin IOUs. They only need to obtain Ether for the bond, send it to the Bonded Escrow Contract along with their Bitcoin escrow address and the terms of the IOU they wish to create. Indie issuers don't have to babysit a "server" (that needs to be online all the time) if they create IOU contracts that won't have harsh penalties if they take some time to redeem the tokens. IOU buyers who want faster redemption can buy IOU's from issuing servers. Issuers are free to choose alternatives to SPV such as prediction markets, to verify Bitcoin transactions. + +> **Bonded Escrow Contract options** + +> Here are some options that the Bonded Escrow Contract could make available: +> * Designate how much Bitcoin the IOU tokens are to be worth and how much Ether will back them. This may be a fixed rate or it may be based on other Ethereum price oracle contracts. If a price oracle is used the issuer may have to add Ether to prevent the IOU from going into default if the Ether price goes down relative to Bitcoin. +> * Set exchange or rental rates for the Bitcoin IOUs. These rates may be in Ether and/or Bitcoin and could be based on oracle/derivatives contracts. + +> **When IOUs aren't redeemed (right away)** + +> What happens if the IOU's are sent back to the issuer but the Bitcoins aren't released right away? + +> * Set grace period where there is no penalty. After this you have these options. +> * Set the rate of an Ether stream that is sent slowly from the escrow contract until the value of the bonded Ether gets too close to the value of the Bitcoins in escrow. At this point, all the Ether is transfered from the issuer to the "creditor" (or to another contract). +> * The user who is waiting on the Bitcoins may choose to take some of the bonded Ether instead. This option sets the rate to buy some of the bonded Ether from the Bonded Escrow Contract instead of waiting for the Bitcoins. +> * The contract may automatically use the Ether to buy Bitcoins from a more reliable issuer. Or the creditor may be given the option to do this manually. + + +**In more recent news:** + +Rootstock devs (RSK) clarified that instead of creating a token, like Ether, which is sold to the public to fund initial development. With Rootstock, ā€œevery time a person or a corporation runs a smart contract on RSK, 80% of the fuel paid goes to the miners and the remaining 20% to RSK Labs, so we can continue the development of the open source platformā€. + +In other words, Rootstock is a sidechain business venture centrally controlled by RSK. Unlike Ethereum, it is NOT a public resource. This does not foster independent, open source, development, such as what we are seeing with ventures like [Ethcore]( https://ethcore.io/) and [Consensys](https://consensys.net/about/) and well, the many many other Ethereum developers well deserving of attention. If youā€™re planning to build on Rootstock, RSK labs get a cut of your expenses. Enjoy having a new boss. That doesnā€™t exist with Ethereum!!! The Ethereum Foundation started the enterprise, but Ethereum development is already much bigger than a single foundation. + + +**/u/sjalq also makes these [fair comments:]( https://www.reddit.com/r/ethtrader/comments/48lb7e/rootstock_business_model/d0kpl7t)** + +> * 2-way decentralized pegs do not yet exit. +* People are not going to be very elated about the FedPeg, but I don't suspect this will do much to inhibit RSK token exchange. ShapeShift will for instance allow for an RSK to BTC exchange. +* It merge mines with Bitcoin. OI VE! Talk about an anti-feature. This exposes RootStock to all the problems associate with the great firewall while trying to accomplish sub 10sec block times? What if it becomes obvious that RootStock is now worth more than Bitcoin and Bitcoin becomes this empty shell that does nothing but "burn" Bitcoins into RootStock? +* RSK trades at 1:1 to the Bitcoin. Think about this for a second. It's like going to college, studying a medical degree for 10 years and then equally distributing your income to all your family members and extended family. Even if RootStock is faster, better, more secure than Ethereum. This one single "feature" cripples it. The RootStock ecosystem will never see most of this value. They are giving all their money to rich Bitcoiners who took no risk building their network. ... +* It doesn't much matter that it is EVM compatible. I can launch another Ethereum blockchain today with no token value. The problem isn't compatibility but the value of the state of the blockchain. IE Digix will not only have to relaunch their network on RSK but they'll have to import and close off their state on Ethereum or write and move to Bitcoin. +* All the features they build can be forked by building a network that isn't 20% more expensive to fund it's development. RootStock will basically get a RootStock of its own. + +Add to this is that Ethereum's PoS will be far more scalable, with [Casper development reaching high levels of sophistication.](http://blog.synereo.com/2016/03/06/Synereo-Update/) + +**Basically, unless you absolutely refuse to hold anything but Bitcoin, there is no reason to ever use what's proposed for Rootstock. It's less capable, less secure, less scalable, more centralized, and will be two years behind Ethereum's remarkable network effect (at a minimum). Ethereum's monopoly is going no where for the foreseeable future.** + +--- + +**Update: March 18th 2016** + +--- + +**What About Counterparty?** + + * In most repects, Counterparty's model has the exact same issues as Rootstock's outlined above, so it's the same problems as that described above. Unlike Rootstock, there will be an altcoin, but instead of currency agnostics, it's connected only to bitcoin. + * Counterparty is also greatly limited by bitcoin's slow blocktime. + * [Detail discussion here.](https://www.reddit.com/r/ethtrader/comments/4avjh2/had_a_quick_15_hours_look_at_counterparty_github/). Basically, Counterparty's model is a model that the Ethereum founders abandoned because it is a technologically poor decision. + * [More perspective from Ethereum dev Alex van de Sande](https://www.reddit.com/r/ethereum/comments/4axlau/what_ethereum_can_do_what_counterparty_cant/d14cb6j). +* "many ex-xcp developers who are migrating to Ethereum due to ease of development and better tools. [such as Bitnation] ... Also I don't understand the advantage of counterparty 'using Bitcoin': they also have their own token and their own Blockchain, what is gained by having a ten minute block time?" +* "The 'there's only one Blockchain' crowd is what we call 'Bitcoin maximalism'. I think this is more a political position than a pragmatic one: Ethereum Blockchain is secure and created from the ground up for contracts. Counterparty is hack trying to put them into a Blockchain that wasn't made for it and doesn't seem to want contracts. I do wish them the best, I just never saw their software stack." +* "... they claimed they had cloned us and then the next day Vitalik answered that he had implemented counterparty in X lines of codes in ethereum." + * **VB response to "What Ethereum can do that Counterparty cannot"** +1. <15s block time +2. Light client support +3. Lack of exposure to Bitcoin development politics (personally, I think this point alone is enough to outweigh whatever 8x difference in dollars wasted per hour on PoW the maximalists like to wave around, and was [the original reason](https://www.reddit.com/r/ethtrader/comments/4asiad/ouch/d1385jc) for not making ethereum itself a bitcoin-based metacoin) +4. Lack of exposure to the possibility of Paul Sztorc convincing bitcoin miners that XCP [decreases the value of BTC](http://www.truthcoin.info/blog/contracts-oracles-sidechains/) and so should be censored by miners. +5. Lack of artificially low block size limit +6. Has a coherent long-term scalability roadmap +7. Just to throw a bitcoin maximalist argument right back at them, ETH has way better liquidity than XCP so there's less overhead in acquiring the token to pay fees (alongside other network effects like developer tools, user community, etc) +8. We have DELEGATECALL implemented, they as I understand don't + + * VB does give Counterparty one benefit +> "That said, counterparty is more closely linked to the bitcoin blockchain, so it's easier to make crowdsales that accept bitcoin directly; that's the primary point in favor of a bitcoin blockchain-based metacoin. Though now btcrelay makes up for quite a bit of that difference." + + +**What About Lisk?** + +It's basically trying to be Ethereum, but using javascript (rather than Ethereum's clients which make a hell of a lot more sense, such as Go, C++, Python, Rust, Java, Ruby, .net). A Javascript Ethereum is a terrible idea, and even if it wasn't, why devote a whole new blockchain to it. Seems pointless, leading to some to suggest this may be an elaborate scam. I doubt it's a scam, but it does seem poorly thought out. + +Ethereum's Solidity is VERY close to Javascript, but [MUCH better for smart contracts](http://ethereum.stackexchange.com/questions/2104/how-does-lisk-differ-from-ethereum/2270#2270). + +As noted by /u/Itsaconspiracy and /u/Nevermindthequestion : + +>* The javascript is sandboxed but unrestricted. They have half a dozen rules you're supposed to follow in contracts, to avoid breaking consensus. Nothing's stopping you from putting a call to math.random() in your contract and then nobody gets the same results. Every contract runs in its own sidechain so at least you're not breaking global consensus, but contracts can call each other so it's not totally isolates easier for bugs to sneak in. For example, if someone passes the string "1" into a parameter where you're expectd either. +>* Javascript numbers are all floating-point, so you can get rounding errors in your contracts. (It's possible that they provide a bignum library, but I don't think so, their rules for contract writers don't say "please use our bignum library.") +>* Javascript has weak dynamic typing, so it'ing a number, and you haven't written explicit code to convert it to a number, then you can end up with the wrong answer. ("1" + 2) / 3 = 4 in Javascript. (Try it yourself online). +>* Not to mention that the LISK contracts will be stored in plaintext, which means they'll be vastly more expensive to publish. + +**OK, so Bitcoin focused smart contracts and LISK are bad ideas, but sometimes bad ideas win, after all, bla bla "network effect"** + +Ethereum already has its own network effect within the smart contract space. Bitcoin is far behind. There really is no mechanism to catch up. At this time, there appears to be just as much fresh money going into Ethereum development as Bitcoin, if not more (200+ project and counting) and over a billion dollars in investments estimated this year by Vinay Gupta. Bitcoin is certainly used as a currency in more places, but its use as a currency is still pretty much a joke. **An Ethereum credit card would make this "currency network effect" absolutely pointless.** What people don't seem to get it that Bitcoin's market cap is larger as an artifact of it being around longer, but soon, that will change. The amount of new investment in Ethereum, the number of devs deeply involved in Ethereum projects, has already made Bitcoin's history irrelevant. It seems very obvious to me. In my opinion, it really is over already. **Ethereum has already won its place as the primary public blockchain. It's just a matter of time before people realize it.** And some very clever investors, already have. +I remember when Bitcoin first hit $1200 and we thought we had really made it. It then dropped down to $200 and people were posting numbers for suicide hotlines. + +Be careful out there. +If you don't know what you've missed already, check out Aion Founder Matt Spoke in action at the [Vancouver Meet-up](https://youtu.be/pa6QjCmtEXE) last month. + +Future dates: + +>Feb 22, Toronto - Enterpreneurship Society's [Monthly Ethereum Update](https://www.universe.com/events/5a3595206405f9003f754e6a) (Meet-up and Demo) + +>Feb 26 - March 1, Barcelona - [Mobile World Congress](https://www.mobileworldcongress.com) (Booth) + +>March 5 - 6, Toronto - [FFCON18: VELOCITY](http://fintechandfunding.com/) (Featured Speaker at Fintech and Funding Conference) + +>March 7, Cape Town - Meet-up + +>March 8, Johannesburg - Meet-up + +>March 8 - 9, Johannesburg - [Blockchain Africa Conference](http://blockchainafrica.co/) (Speaker) + +>March 12, Nairobi - Meet-up + +>March 23 - 25, Toronto - EthUofT Conference (TBA) + +>March 27, Hangzhou - China Interoperability Event (TBA) + +>March 29, Shanghai - Meet-up + +>March 30, Beijing - Meet-up + +>April 8, Israel - Meet-up + +>April 16 - 17, Dubai - [World Blockchain Forum](https://dubai.keynote.ae) (TBA) + +>May 2, Toronto - Aion Full Day Event (TBA) + +>May 3 - 5, Toronto - [EDCON](https://edcon.io) (Super Sponsor and Speaker) + +>May 14 - 16, NYC - [Consensus 2018](https://www.coindesk.com/events/consensus-2018/) (TBA) + +>May 17, NYC - Meet-Up + +(SPOILER ALERT - Main Net drops for the encore ā¬‡ļøšŸŽ¤ https://aion.network/downloads/aion.network_monetary-policy_en.pdf) + +Edit: Formatting +Back in late September, I left the company I had been working at for 8 years. In mid-November, they direct deposited me an 80 hour holiday bonus into my bank account. I didnā€™t touch the money, as I figured it was some type of mistake and it would be corrected, which I had not problem giving back. About a week ago I received a letter in the mail demanding I pay back the gross amount, not just the net of what was deposited. Part of what they want me to pay back is benefits payments for having me covered through November as they claim. I left the company in September, and have been insured by my new company since but my old employer claim my separation didnā€™t happen till November 6th. I gave nearly a month notice before leaving. They claim they canā€™t fix it and I must pay. Iā€™m just wondering what my options are and what legal recourse they have against me? +Hi, + +We normally talk about 3-4% SWR and an 80/20 portfolio allocation. Drawback: most data is based on US markets, which are among the more stable ones. + +I have done a little study on the _swedish_ stock market during the past 146 years, to see how a 100% stock allocation would have performed in real terms. I have plotted all possible retirement periods from 1870 onwards in the following graphs. Comments are located within the images. + +EDIT: Added 75/25 and 50/50 stock/bond allocations. Added black color to represent "going bust". + +Here is an example on how to read the graph: + +[Retirement periods from 1970, 3% SWR, 100% stocks](http://i.imgur.com/ZWKrkvV.png) + +100% stocks|75% stocks, 25% bonds|50% stocks, 50% bonds +------------|------------|------------| +[Introduction/legend/returns only](http://i.imgur.com/ohiX2On.jpg) | [0% WR, 75/25](http://i.imgur.com/21V0a6R.png) | [0% WR, 50/50](http://i.imgur.com/ixanVul.png) +[1% WR](http://i.imgur.com/faXRpSA.jpg)|[1% WR, 75/25](http://i.imgur.com/kgx3J1z.png)|[1% WR, 50/50](http://i.imgur.com/WSrbTml.png) +[2% WR](http://i.imgur.com/SOQybj7.png)|[2% WR, 75/25](http://i.imgur.com/0rtyCYW.png)|[2% WR, 50/50](http://i.imgur.com/o3Ir00X.png) +[3% WR](http://i.imgur.com/zqIpoZL.png)|[3% WR, 75/25](http://i.imgur.com/EJu0fiq.png)|[3% WR, 50/50](http://i.imgur.com/icW4Cuk.png) +[4% WR](http://i.imgur.com/cWpPRPI.png)|[4% WR, 75/25](http://i.imgur.com/FPzXGNM.png)|[4% WR, 50/50](http://i.imgur.com/Q1ZE3LF.png) +[5% WR](http://i.imgur.com/Fx0r9XW.png)|[5% WR, 75/25](http://i.imgur.com/C5CNxEY.png)|[5% WR, 50/50](http://i.imgur.com/UUjNjQN.png) +[7% WR](http://i.imgur.com/I4emSHX.png)|[7% WR, 75/25](http://i.imgur.com/7ZWvhxJ.png)|[7% WR, 50/50](http://i.imgur.com/e7IiX41.png) + + +100% stocks are an unrealistic high amount -- as can be seen in the pictures, the harsh stock markets of the first half of the 20th century meant that even a very low SWR could fail, some even at 2%. This strengthens the argument that you should most definitely have a bond allocation. + +Most cohorts "survive" 3% WR at 30 years, for example -- but not all, and the odds become worse for longer holding periods. And while a 4% SWR while being 100% invested in swedish shares would actually seemingly work _most of the time_, the risk of eventual failure is rather high. + +Let me know if there is any interest of other simulations using this data. I find it interesting to see data from outside the prevailing US markets. + +A little note, adding bonds to the mix reduces volatility, but for a high (risky) SWR, you need to be heavy on stocks to survive long-term -- there are more long-term failing cohorts in 50/50 4% SWR than in 100% stocks. + +EDIT: [US market charts available here](https://www.reddit.com/r/financialindependence/comments/6p8b66/a_study_of_100_stocks_and_fire_usa_18712015_17/). +Late night thoughts here. I've gotten so immune to volatility and dips that I honestly could care less the my portfolio dropped 25% today. + +I just rummage around the ole couch cushions for some change to buy more. + +Not sure if this desensitization is a good thing or a problem. I guess since I'm in it for the long run it's a good thing. + +Anywho gonna type some more words so I can get around the character limit. Hopefully all you late night owls have a good night and for those waking up elsewhere in the world. Have a great day. +EDIT: Iā€™ve heard TD is only doing this on margins, which is a bit more reasonable than what Robinhood and some others are doing. Not giving anyone any kind of advice here, but one might consider reports on some other brokers as well/instead. + +[Hereā€™s the link if you would like to submit a tip to the SEC](https://www.sec.gov/tcr) + +Why canā€™t I buy GME and other securities I would like? I personally think they are good buys via my own technical analysis, so I should be able to buy them. TD Ameritrade literally cannot do this just to protect their involvement in uncovered short positions. Just thought Iā€™d help some folks out if theyā€™d like to help me in making the SEC aware of this. +I'm posting on the weekend so hopefully the mods let me show you all my appreciation. + +A little over a month and a half ago I saw a rocket ship. +I climbed aboard with my fellow autists and bought Calls without doing any research at all. +I didn't even know the actual name of the company. +I only knew, "PLTR is going to the Moon!" +I bought a fist full of calls and strapped in. + +This last Tuesday, my dog was faced with a difficult emergency surgery. +I had to find $6,200 with less than a weeks notice or he would face losing his eye or possibly his life. +A deep and sincere thanks to all of my fellow autists and PLTR. +I let go of a couple 1/15 $19 Calls to make it happen. +He is alive and well with both eyes. (Extremely poor sight on the right eye.) + +I really can't thank all of my fellow retards enough for saving my dog. +Added pics of him as per the mandatory Dog Picture Tax. + +My remaining positions : Stacks of each +12/31 22.5c 33c and 33c +1/15 19c 28c 35c +1/22 27.5c +2/19 27c +1/21/2022 20c 42c +[https://imgur.com/gallery/RPDWug5](https://imgur.com/gallery/RPDWug5) +Hi, + +Saw this in another post, so not sure from which document this was found. + +Other post: [https://www.reddit.com/r/GME/comments/outsvl/i\_figured\_out\_the\_missing\_puts\_located\_in\_brazil/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/GME/comments/outsvl/i_figured_out_the_missing_puts_located_in_brazil/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +This sections right here. + +If this is legit, its basically a free pass on shorting the shit out of the market without any risk of getting margin called. + +https://preview.redd.it/px29ogdnkie71.png?width=740&format=png&auto=webp&s=f9418edeea9a72eed6defd8f023caf3d0a02b607 +I just found out that new hires are starting at my current salary despite being three years in. On top of that, I'm very highly regarded at my job with consistent praise and fantastic reviews. I'm beginning to feel that I'm often taken advantage of due to my laid back and positive attitude as the majority of my peers do not welcome change and challenge any increased workload. I haven't minded because I enjoy being a team player and I'm more than willing to be flexible to best serve the company. + +I'm being moved to another group in the company (for the second time this year) to perform the same role, but in a much more challenging environment. While I appreciate their faith in me as an employee, I feel as though I'm being taken advantage of. + +Am I justified in trying to negotiate a higher salary? What is the best way to go about it without diminishing my reputation? I really enjoy working for this company, but I fear this could burn me out in time. Especially when there is little-to-no growth potential in my role. + +Edit: Thank you everyone for your input. Lots of great responses here that give me some incentive to present my concerns with evidence of my value to the company. I think verbally they value me with high regard, but that only goes so far. Leaving would be an absolute last resort for me as I really do enjoy working for the company. +[Personal Financial Literacy as a High School Graduation Requirement ](https://www.branchoutfinance.com/post/personal-financial-literacy-as-a-high-school-graduation-requirement) +Iā€™ve seen this mentioned in comments . + +2mil nw? 3? + +I know everyoneā€™s situation is different , if your 31 no kids and have a 2mil networth your in a much different boat then a 45 guy with 6 kids headed to college with 2mil nw. Curious to see what people think . +This came up once before on here, but it didn't really get a full discussion. It's a very interesting topic and I think it has a rare obvious upside for long investors. + +In August, it was [reported](http://blogs.wsj.com/moneybeat/2016/08/31/dow-chemicals-1-in-1000-stock-action-works-in-warren-buffetts-favor/) that a Yale professor had found pretty clear evidence that the price of $DOW was being manipulated. It would hit a ceiling multiple times, barely ever going above $53.72, despite hovering around there frequently. This is visually evident from this [six month](http://imgur.com/a/566bR) and [three month] (http://imgur.com/a/Q9gub) view. Here's a [histogram](http://online.wsj.com/media/dowhisto0831.jpg) of closing prices from 2014 to 2016. Pretty obvious manipulation right? That distribution should be closer to normal. + +Now, due to the Dupont merger talk, the price closed above the threshold 9 times. What's the significance of $53.72? Well back in 2009, Warren Buffett struck a deal with Dow for 3 bn to get preferred stock that happened to come with an 8.5% dividend. That yields a solid ~$225 m per annum for Warren. The deal has a buyback clause though. If the share price trades over ... you guessed it... $53.72 twenty times in a 30-day period, Dow gets its stock back and doesn't owe that 8.5% dividend anymore. So while Warren might have had some September jitters over the loss of his stake, 9 times wasn't enough to trigger the buyback. Phew. + +Some analysts say that Warren/BRK aren't exactly passive observers in all this. That they deliberately shorted the stock with enough capital that they drove down the price whenever it threatened to hit the threshold. It seems likely from the study done by the professor. It's not illegal, just shady. The agreement BRK signed prohibited them from shorting the stock until April 2014. Which just precedes the suspicious activity. Coincidence? It's a classic Buffett move - either he keeps his juicy dividend or is forced to sell at 53, having bought at 6. + +The conclusion for us should be somewhat evident: **go long on Dow**. Or buy puts (I don't trade options, so I'm not exactly sure of the mechanism here). If the price is being artificially suppressed, it stands to reason that it's undervalued and that its fundamentals will eventually win out. Buffett can't keep it up forever. + +Some discussion questions: + +* Does the Dupont merger completely overshadow the significance of this price suppression? +* Do you believe that Dow's price is being manipulated? +* If it is, is that immediate cause for a buy? +* Will it cease now due to the bedding in period of the merger? +* How best to exploit this? + +Disclosure: I don't have a stake in Dow, but I am strongly considering taking one. They pay a nice 3.4% dividend and have near-monopolistic control of their industry. Economies of scale are massive. I haven't fully investigated the implications of the merger yet though. Interested to hear your thoughts. + +Edit 2: I was totally wrong about a bunch of stuff, including Dow's market share and how to trade options. Still learning... +My brother wants to buy a house this year and he said he might not have enough money for the house deposit. I'm 24, saving money myself for my future and by the end of next year if I can get a pay rise this year I should be on track to just about affording my first home. + +My thinking is that if he wants to buy a house and doesn't have enough money for a deposit should he be trying to buy a house at all? Because if I borrow him Ā£3,000 from my own savings how can he afford to pay back the mortgage as well as the money I lend him? + +Please let me know your thoughts, as I'm not smart when it comes to finances. +https://www.marketwatch.com/story/ira-contribution-limit-lifted-for-the-first-time-in-six-years-2018-11-01 + +IRA limit will increase to $6,000; limit for 401(k)s and similar plans will increase to $19,000. Plan accordingly. +I have a totally different reaction to an ad popping up on Brave than I do, say, a commercial on television. + +On Brave I'm getting BAT for that. + +I'm presenting myself to be advertised to and it was consensual. I didn't just have to take it. + +I would be happy to get a cut of, say, the RH payment for order flow as well but we're talking about crypto here baby +Check out Part 2 here after reading! ([https://www.reddit.com/r/Superstonk/comments/rqpup4/the\_big\_short\_again\_the\_auto\_loan\_asset\_backed/](https://www.reddit.com/r/Superstonk/comments/rqpup4/the_big_short_again_the_auto_loan_asset_backed/)) + +&#x200B; + +Hey all! Welcome back to another DD but this time on a different type of Asset Backed Security. You probably know me now as the 'SLABS guy' (Student Loan Asset Backed Securities) due to my recent 5 Part DD Series on SLABS, but I figured at the request of many comments I'd take a deeper look at the auto market. + +As many have pointed out, there are a ton of different collateral markets for different types of loans. Credit cards, medical, auto, student loans, etc. I am of the belief that these ABS markets are all inherently risky, as the regulatory measures like ratings have been corrupted in the pursuit of money. I decided previously to look into the Student Loan ABS bubble because of how big the market was - about $1.6T in student debt is held by the USA total. I didn't even realize that the auto market has about the similar amount of debt outstanding - approximately $1.3T. Wow. Time to go down this rabbit hole for a bit. SLABbit hole? ALABbit hole? + +This is the first time I've ever really looked into auto loans and the securities market associated with them. So take this with a grain of salt. We're all still learning here. + +With that said, let's go! This is gonna be a fat DD. I'll include a TL:DR at the bottom, but I'd still recommend reading the whole thing. + +First of all, the structure of Auto Loan Asset Backed Securities (ALABS) functions very similarly to how SLABS work, or Mortgage Backed Securities worked back in 2008. This link ([https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/](https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/)) explains: *"Subprime auto loans have been and are being bundled into auto loan asset-backed securities (ā€œABSā€) and sold to the public as solid, income-producing debt investments similar to corporate bonds. Theyā€™re marketed as secure products offering above-average interest. But while a bond may be backed by an issuing companyā€™s income and assets, these auto loan ABS products are backed solely by a pool of auto loans.Ā  The loans are bundled and the rights to receive the payments generated by the loans are sold to investors.Ā  Those rights are divided into tranches."* Tranches? Subprime loans? Asset backed securities that are misleadingly marketed as secure products? That all sounds familiar. + +But first, let's discuss how big the market is for these ALABS. I will be extensively referencing [this study](https://ilr.law.uiowa.edu/print/volume-106-issue-5/bursting-the-auto-loan-bubble-in-the-wake-of-covid-19/) for information, and using graphs with data from the New York Fed. The study is entitled "Bursting The Auto Loan Bubble In the Wake of Covid-19". Well that title is straightforward isn't it. + +It's important to understand just how many people take out loans to buy cars. *"About 85% of Americans own a car, and 2/3 of car owners fund their ownership with loans".* So obviously, even though these loans will not have larger dollar values than student loans or housing loans, they're still very widely used. And they're growing. A lot. This graph should help demonstrate this rise further. It uses data from the New York Fed. + +&#x200B; + +https://preview.redd.it/48y31vajmb881.png?width=493&format=png&auto=webp&s=fcc3198391119fa6fa9cb30ed97422b1c98f949e + +The study continues, saying *"During the past decade, auto debt has skyrocketed, increasing nearly 40 percent overall, with the average auto loan for a new car rising 11 percent. Part of the growth stemmed from a flourishing subprime auto loan market, which now accounts for nearly one-quarter of the $1.33 trillion in auto loan debt outstanding. Overall, as of the beginning of 2020, auto loans made up about nine percent of household debt, making ā€œ\[t\]he auto loan market .Ā .Ā . the third-largest consumer credit market in the United States,ā€ behind home loans and student loans."* Ummmmm...this should be a HUGE red flag. The subprime (aka ' very risky loans that probably never should've been given out') market alone makes up nearly $325B (a quarter of $1.33T) of the auto loan industry! And with this growing amount of subprime loans comes increasing levels of default. Just look at this graph here, compiled also from data from the New York Fed. + +&#x200B; + +https://preview.redd.it/pcr5sv6kmb881.png?width=481&format=png&auto=webp&s=c673813e7ee93def5cc6d793f04bae4fd61b34ca + +You can see a DRASTIC rise in auto loan defaults which as I believe is a result of increasing lending to subprime consumers. So why hasn't the bubble burst yet? Well, that same study says *"Prior to the pandemic, the build-up of auto loan debt outstanding and the growth in delinquencies and defaults led experts to classify the auto loan market as a bubble and to predict that the bubble would burst soon. The United Statesā€™ strong pre-pandemic economy combined with a low unemployment rate likely were the leading reasons that the bubble did not burst at that time. Yet, even then, multiple reports recognized that the rise in auto debt in the United States showed an unsustainable dependence on automobiles financed by households."* Ok. So the reason that shit hasn't hit the fan yet is because the economy was really strong before the pandemic. Well, here we are a few years into the pandemic now, and this thing still has not burst yet. In my eyes, it's only a matter of time. + +A reason why defaults and delinquencies may be increasing is because people are strapped for cash recently, with inflation and now the pandemic. This article ([https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/](https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/)) states, *"Borrowers with more cash than credit tend to pay their loans more quickly to avoid the high interest rate attached to the loans.Ā  The fact that theyā€™re* [*paying loans more slowly*](https://www.forbes.com/sites/davidkiley5/2017/05/31/sub-prime-auto-loan-payback-and-delinquencies-rising-along-with-new-vehicle-prices/#61c6af459742) *is thought to be a sign that borrowers are more strapped than they have been previously."* Basically, people are paying loans more slowly, which causes interest to snowball, and will thus cause even more risk of default. + +Another interesting thing to note is how auto loans actually work. While some large companies have in-house crediting, like Ford Motor Credit, typically banks partner with dealerships who then give loans to customers. This is a huge issue. Because **instead of these banks directly servicing consumers, they are instead trying to please dealerships the most.** This means that *"the auto loan origination market prioritizes the interests of lenders over those of customers, which has led and will continue to lead people to agree to loans with disadvantageous (and inflated) interest rates, fees, and terms."* Pretty straightforward - because the dealership is the middle man who is actually giving the banks business and money, the banks negotiate loan terms that are *more favorable* for the dealers than the buyers. This would obviously lead to increased rates of delinquency and default, but this strategy is still *immensely profitable* for dealers. Take a look. *"Over the past decade, the relative proportion of profit that auto dealers have made from car sales versus car financing has narrowed. For instance, in 2011, dealers made 66 percent of their profit from car sales versus 34 percent from car financing. In 2018, this balance had flipped, with dealers making money from car loans than car sales. Dealers should be increasingly more interested in selling auto loans than actual cars."*Ā  Woah. So now, **when you go to buy a car, the dealers are actually more interested in putting you into debt and making money off your loan than making a profit off the physical car.** That's pretty wild to think about. + +How is this even allowed? Well, the study continues, saying "*Similarly, as noted by Edward Balleisen and Melissa Jacoby, car dealers have succeeded in lobbying at the state level, leading to the lack of state-level regulation of auto loans, and have a lobbying force that is ready to take on proposed regulations."* Try to act surprised. + +But how does all of this tie into an ABS market? Well, similarly to other types of loans, *"Auto asset-backed securities are essentially a bundling of car loans that are then sold to investors. They are grouped by the creditworthiness of the borrowers and categorized as prime, nonprime or subprime."* ([Link](https://smartroom.com/blog/asset-backed-securities/is-the-auto-lending-market-bubble-going-to-burst/)). As I explained in my DD about SLABS, the record-high levels of RRP show that everyone is absolutely desperate for collateral. So I would not be surprised if these ALABS were also being used extensively as collateral. But, as I've shown above, these ALABS are again overvalued. That article continues, saying *"Delinquency rates are on the rise in auto ABS, especially in the subprime category. According to a May 2018 story in* [*PYMNTS*](https://www.pymnts.com/news/alternative-financial-services/2018/consumer-spending-loan-credit-card-debt/)*, ā€œsubprime delinquency for loans more than 60 days past due reached its highest since 1996 at 5.8 percent.ā€ That number, according to Business Insider, was a jump of 0.6 percent from the year prior and up 2 percent from the same time period in 2014. Perhaps even more telling, according to PYMNTS, the default rate leading up to the 2008 financial crisis was around 5 percent."* Well shit. We already know that subprime loans make up a pretty damn big percentage of all auto loans. And if defaults are on the rise, then obviously the ALABS market is being strained. This article also says that *"* [*Bloomberg*](https://www.bloomberg.com/news/articles/2018-04-06/smaller-u-s-subprime-auto-lenders-are-folding-as-losses-pile-up) *reported in April that two smaller subprime lenders ā€“ Summit Financial and Spring Tree Lending ā€” filed for bankruptcy while Pelican Auto Finance shut down completely. Furthermore, the publication notes that rising interest rates will likely make things more challenging for these lenders."* This again is a pretty big red flag. These subprime lenders going under signals a *significant* risk that these subprime loans are dogshit, and their value is finally coming down to Earth. + +**Even Morgan Stanley** is calling out this bullshit. As Walter White once said, *'you can't bullshit a bullshitter'.* [This link reads](https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/), *"*[*Morgan Stanley has stated*](http://www.businessinsider.com/wall-street-is-worried-about-car-loans-2017-3/#fitch-deteriorating-credit-performance-will-be-more-acute-in-the-subprime-segment-1)*:Ā  ā€œIn fact, since 2010, the share of Subprime Auto ABS \[asset-backed securities\] origination that has come from these deep subprime deals has increased from 5.1% to 32.5%.\[2\]ā€ Subprime loans are those made to people with low credit scores.Ā  While there is no standard definition for ā€œsubprime,ā€ it often refers to people with credit scores lower than 640, and ā€œdeep subprimeā€ refers to credit scores lower than 500.Ā  The lower the borrowerā€™s credit score, the more likely the borrower is to default on a loan.Ā  Accordingly, subprime loans are inherently riskier than prime loans and deep subprime loans are riskier still."* Again, this highlights how the bottom line of this market is about to go down the shitter. This graph demonstrates even further. + +&#x200B; + +https://preview.redd.it/67tja4bmmb881.jpg?width=987&format=pjpg&auto=webp&s=3441ccd104bd44fb02486819afa0ebf5e5972977 + +It's similar to the graph I showed previously. But this one highlights how these prime and subprime markets have drastically diverged recently. And like I mentioned, banks are starting to notice. As far back as 2016, banks started decreasing their exposure to ALABS, while independent companies have taken up this slack. Hence why like I previously mentioned, it was these smaller players beginning to go under. + +https://preview.redd.it/7vqm75fnmb881.jpg?width=941&format=pjpg&auto=webp&s=5fd56c6d6ce72300a34c9546bf19a9ac3fc0a215 + +As you can see, banks decreased their exposure by 1.6%, with private finance companies increasing their exposure by 1.6%. These graphs are from [this source](https://www.businessinsider.com/wall-street-is-worried-about-car-loans-2017-3#fitch-deteriorating-credit-performance-will-be-more-acute-in-the-subprime-segment-1). + +But there is YET ANOTHER problem. As I'm sure you're aware, cars are essential to American life. And **this has led some people to get desperate enough to get a car to commit fraud.** [This source](https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/) states that *"Given the higher risk inherent in subprime loans, one would hope that borrowers are being forthright in their loan applications and that lenders are being thorough in their due diligence.Ā  Unfortunately, it appears that neither may be happening.*Ā  [*Bloomberg reports*](https://www.bloomberg.com/news/articles/2017-05-17/auto-loan-borrowers-may-be-gaming-their-credit-scores-ubs-says) *that ā€œas many as one in five auto-loan borrowers admitted in a survey that their applications for debt contained inaccuracies . . . meaning fraud could be more pervasive than lenders planned for."* Ā Oh great. So not only do we have to deal with the risks of companies giving out subprime loans to people with horribly low credit scores, but we also have to deal with people lying about their financial situations to get a loan at all, which would expose this industry to even more risk. + +But it's not just borrowers who aren't doing their due diligence. This same source continues, saying *"Unfortunately, as borrowersā€™ inaccuracies or falsehoods increase, lenders are growing lax in their data verification. It was reported recently that Santander Consumer USA Holdings, Inc. ā€“ one of the largest subprime auto finance companies ā€“ verified income on a mere 8% of the borrowers whose loans it bundled into $1 billion of bonds.Ā  Santander agreed to pay nearly $26 million in settlements with Massachusetts and Delaware related to allegations that it facilitated unfair, high-rate auto loans for thousands of buyers.Ā  Naturally those loans were packaged into securities sold to investors.Ā  Santander is, however, not alone in its income verification procedures.Ā  Americredit, another large auto-loan company (and a unit of General Motors Financial Company),* [*reportedly verifies*](http://www.crainscleveland.com/article/20170523/NEWS01/170529947/analysis-sloppy-subprime-car-loans-will-deepen-automakers-woes) *only 64% of its prospective borrowersā€™ incomes."* **So not only do you have one in five auto loan borrowers committing fraud to get a loan. You also have lenders who are straight up not checking the credit scores and incomes of people they're giving loans to.** And why would they? Again, like I mentioned earlier, the profit for dealerships now comes from making people take out as many loans as possible. Holy shit. Hello, 2008 again. + +Here's the bottom line. Via [this source](https://www.stockmarketloss.com/securities-law/auto-loan-backed-securities/). *"If the underlying loan slow payments and defaults are significant enough, it is possible that investors wonā€™t receive the interest they expected to receive.Ā  The bond values will then decrease on the open market.Ā  Investors trying to unload the under-performing or non-performing bonds may only be able to sell them at a loss, if theyā€™re able to sell them at all.Ā  If the underlying loan performance is bad enough, some of the bonds themselves could go into default, meaning that the principal sums due are never repaid.Ā  Investors face the possibility of losing some or all of the money invested in these supposedly safe bond or bond-like investments. The bottom line is that auto loan ABS investments are not safe, secure, and better paying bonds or bond alternatives. They are subject to major losses and will become increasingly risky as car loan defaults continue to increase."* This quote really just speaks for itself. This is a bubble, and a big one. + +So who's left holding the bag if this goes to shit? Here's what [this source thinks](https://wolfstreet.com/2019/08/13/auto-loan-subprime-delinquencies-at-2009-level-biggest-12-month-surge-since-2010/). *"The most aggressive have been specialized lenders, including small shops backed by private equity firms, and larger lenders such as Santander Consumer USA. But theyā€™re spreading the risks to investors by packaging their loans into subprime auto-loan backed securities, of which the highest-rated tranches have AA or even AAA ratings. Ā And these securities are everywhere, from bond funds in the US to some pension fund in a Scandinavian city. For investors and lenders, these delinquent loans donā€™t represent total losses. If the default cannot be cured and the lender decides to repossess the collateral ā€“ which is easy to do with modern tracking technologies ā€“ the lender obtains a used vehicle for which there is a liquid auction market (unlike housing) with wholesale auctions around the country, and finding a buyer is generally not the problem. The problem is the difference between the price at auction and the outstanding loan amount. The difference plus expenses is the loss that the lender and investors take. This loss might be 50% of loan value."* Yup. So it looks like a whoooole lot of people are about to be exposed to significant losses in their portfolios. Wonderful. + +***Now, it's time for a TL:DR.*** + +***TLDR:*** Auto Loan Asset Backed Securities are similar to Mortgage Backed Securities and Student Loan Asset Backed Securities. When loans are taken out to buy a car, these loans are then packaged into ALABS, which are then sold to investors who reap the interest rates. However, these ALABS are posing increasing risk of devaluation, due to increased numbers of default rates due to the pandemic, the drastic increase in the usage of subprime (shitty) or deep-subprime (most shitty) loans, fraudulent reporting by borrowers, incomplete due diligence on part of lenders, and slow loan payments. This relates to GME, as if these ALABS lose value, they also lose value as collateral. RRP has shown how desperate people are for collateral, so the thesis is that ALABS are being used extensively as collateral. Devalued collateral = banks get scared and raise margin requirements = margin calls = MOON. Not to mention that even if these aren't being used as collateral, tons of investors are exposed to these things, so a recession would ensue which I believe would also cause margin calls. + +Thanks so much for reading you guys! We'll see if there will be any further parts. Originally I planned for my SLABS DD to be one part, yet I'm already on Part 5. As always, I will write more parts if more new information comes to light via comments or DMs. So please, put me onto some more leads! + +One final thing. I am not a financial advisor. Please do not ask me how to make money off this situation. My personal investment strategy has been all GME, and this information does not change that. as always, I believe GME to be the best hedge against a market crash. Thanks again, and make sure to check out Part 2. +The amount of posts stating ā€œIā€™ve made so much money on NIO, BLNK, XPNG, LI, etc. but EVs are the future and Iā€™m not sellingā€ are nuts. I also rode SBE but sold at $25-$26 as a 100% gain on no fundamental change to the company is insane. + +Yeah EVs probably are the future, but when everything EV related is flying (Blink has $4M in revenue and a $600M+ market cap, thatā€™s 150 P/S ratio lmao) theyā€™re all going down together soon. + +Take profits, selling is as if not more important than buying. For the ā€œif itā€™s a longterm investment donā€™t time the marketā€ and ā€œidc if it dips Iā€™m holding for years, cost doesnā€™t matter in the longtermā€ quit being ignorant. + +Cost basis 100% matters in the longterm, buying a stock now vs buying after a 50% decline will lead to a massive multiple difference in returns down the road if it performs well. + +The FOMO is obvious, get your popcorn ready for some loss porn. +So I installed Brave this morning and I have to say I'm very impressed. I've always been on Chrome + Adblock having had issues installing Brave in the past (Google extensions not supported, Kaspersky calling it malware).. but Brave is just a nice clean experience and it feels snappy! + +Anyway, I've already earned 1.05 BAT in the little time I've had it running which is pretty cool. It's not so much about the money but what it represents as a shift for us to be paid for ad revenue instead of mightily rich middlemen. Times have changed so much with the internet and how companies make money off our personal data. That was fine, Google have supplied us with great services and they deserve to paid for it. But now the internet infrastructure is set and there should be much more competition... what's really important is that we feel like we arent being used for the monetisation of our data. + +Crypto is allowing us to regain control through P2P markets and things exactly like this. This is not a revelation for me, just a bit of excitement that this is coming into fruition. Crypto just keeps getting more and more exciting. I know that this is a trading sub and that most people here probably mostly only care about the fiat gains but I'm truly In it for the tech**ā„¢..** if I also make some fiat gains for my crypto investments, then that's a nice bonus! + +Back to Brave.. I keep seeing people say that it's been done before so it wont work and they bring up some company in 1999 that tried to do the same thing. My question is, how is that at all comparable aside from 'pay money to watch ads'...like I said earlier, the internet space has changed so so much since then with the monetisation of our personal data, so I think people really desire to have something like Brave. Also, it is powered by crypto..something that was still a decade away from being properly invented in 1999. I doubt the payment system was as efficient as it can be with crypto now. And lastly, I bet the UX/UI of it was nowhere near the enjoyable experience that can be offered today...just thoughts.. I'm willing to hear any counterpoints. + +Lastly..the ads seem to be working! You don't actually need to click and view them to be paid BAT (weirdly) but I have been anyway. If only to support those who are trialing the new system and one thing I came across, that I've come across before is [CoolWallet](https://coolwallet.io/).. it does seem really cool and am just wondering if anyone has one that can tell me the experience of using it. +Exactly one year ago today ETH's price was $410. Ethereum made more than 10x in one year. Ethereum might be moving slowly recently but it still doing great in the longe term! +Rule SR-FINRA-2020-041 - Another rule squeezing those bad actors + +Rule SR-FINRA-2020-041 has been approved after being proposed in Nov 2020. I have not gone through the detail including the letters and comments submitted as part of the review process. The process has taken a while and there was a predetermined deadline of July 30, 2021 to approve or disapprove....hey presto its approved. + +Just my own quick interruption....It appears that some 'firms' are consistently and willingly recruiting rogue employees with a history of misconduct, who then go on continuing to break the rules. Firms who employ these people will now either have to get rid of those rogues or pay financial deposit that is not accessible by the firm who pays it, the amount reflects the risk of employing such people. Firms will also be publicly displayed as a 'RESTRICTED FIRM' to give investors more transparency about the risk associated with a firm relating to the people it employs. + +If I was to read between the lines, Firms are pro-actively employing rogue traders who have breached the rules previously because they are EXACTLY the type of people who will happily comply with their new employers request to break more rules, commit crimes, manipulate systems, cover evidence, turn a blind eye to fraud, lie to regulators, mis record data etc etc. Why are these rogue new employees also attractive.......................... THEY ARE LESS LIKELY TO WHISTLE BLOW OR SQUEAL. These firms are rogues, who are employing rogues, who make money for more rogues!! + +I've not read through the entire document or response letters from firms. I'm sure more juicy info to find! + +Full rule link below and extract from opening page + +[https://www.sec.gov/rules/sro/finra/2021/34-92525.pdf](https://www.sec.gov/rules/sro/finra/2021/34-92525.pdf) + +"This proposal is designed to address persistent compliance issues that arise at some FINRA member firms that generally do not carry out their supervisory obligations to achieve compliance with applicable securities laws and regulations and FINRA rules, and act in ways that could harm their customers and erode confidence in the brokerage industry.19 According to FINRA, recent academic studies have found that some firms persistently employ registered representatives who engage in misconduct, and that misconduct can be concentrated at these firms.20 FINRA states that these studies also provide evidence that the past disciplinary history and other regulatory events associated with a firm or individual can be predictive of future events.21 While these firms may eventually be forced out of the industry through FINRA action or otherwise, FINRA observed that these compliance issues include a persistent, if limited, population of firms with a history of misconduct that may not be acting appropriately as a first line of defence to prevent customer harm" +I have a credit card that I do not normally use. There are a few re-occurring payments on it like car insurance. My every day use: grocery/restaurant, etc are on another card completely. + +Last month I used the CC to pay for plumbing on a major leak in the house. I had to provide my CC info over the phone for them to bill. Otherwise they wouldn't even come out to the house. Next thing I know, there are 6 unrecognized/fraud transactions posted immediately. + +I already reported this to my CC company, and they are closing the card/issuing new card. + +I am near 100% confident it is the plumbing company that used my CC info, since they are the only party to receive that info in like 6 months, and the unauthorized transaction happened within days of me providing them the CC info. The cc company would not do anything but asked me to report to the police. + +Should I report to the police? Since these guys have my home address and all, I am concerned about retaliation. What can I expect when I report this to the police? +Mid 20s, single, NW of $1.5M ($1M index funds, $100k real estate equity, $400k cash) + +Gross salary of $200k at top 3 consulting firm with defined promotion / pay path. Assuming 40% savings rate of net salary, and 6% annual investment growth, Iā€™m looking at $5M by 38. + +Now, Iā€™ve been offered a role at a Series E startup - $150k cash and $40k in options annually. + +Assuming the options become worth $0 and I increase my base salary on average 2% a year, Iā€™m looking at $5M by 44. + +Worth stepping off the guaranteed path to $5M by 38, for some variety in my career path, and maybe some new doors in the future, or should I just shut up and stay put with my head down? + +Thanks all! +Have reached a fat quasi-RE and am lucky enough to be in a position that I brought another person in and am able to work half the year for 65% of the revenue which to me is the dream (trading operation, niche corner of the market but if the opportunity closes i'm in fine shape to pack it up). + +Now that I've got more time on my hands than I've ever had I've been thinking a lot about health. Do you have any tests you have run regularly or things you screen for that are cost prohibitive to most but worth it if the money isn't important? Not a hypochondriac at all but my last physical didn't leave me feeling like it would've caught anything important early. + +For add'l info - 32 year old Male, living in New England +TLDR: How did you allocate a windfall when you were past your number already? + +I'm already past my FIRE number (low 8 figures). I have a large private investment that is going to become liquid soon. I'm trying to decide how to allocate that windfall (likely mid-8 figures) into long-term investments. Basically my entire net worth now is index funds plus this private investment -- so in my mind, my "VTI and chill" is already happening. (Yes, most obvious answer is "more VTI and chill.") + +Rather than present a concrete plan, I'd love for those in the community who have been through multiple exits to share what they did in this situation. Did you take bigger swings with second/third exits? Love to know the thought process. + +For the record, my early thinking is something like: + +* 65% into index funds +* 25% VC and PE +* 10% to donor advised fund + +(But I'm less interested in critiques of this strategy than pure experience shares). + +TIA +TLDR: How did you allocate a windfall when you were past your number already? + +I'm already past my FIRE number (low 8 figures). I have a large private investment that is going to become liquid soon. I'm trying to decide how to allocate that windfall (likely mid-8 figures) into long-term investments. Basically my entire net worth now is index funds plus this private investment -- so in my mind, my "VTI and chill" is already happening. (Yes, most obvious answer is "more VTI and chill.") + +Rather than present a concrete plan, I'd love for those in the community who have been through multiple exits to share what they did in this situation. Did you take bigger swings with second/third exits? Love to know the thought process. + +For the record, my early thinking is something like: + +* 65% into index funds +* 25% VC and PE +* 10% to donor advised fund + +(But I'm less interested in critiques of this strategy than pure experience shares). + +TIA +Curious about what would you consider: + +1. too little (cannot have good accommodation, food, time on such budget)? + +2. too much/ wasting money? + +3. What is your typical spend on a single holiday (incl. for how many people youā€™re paying)? + +4. How many holidays a year? + +5. What is the total annul spend/ budget? + +6. Do you rent a place? Book hotels and activities yourself? Or use a travel agent? +After following the 50/30/20 rule, I only have $500 dollars left. My 50% doesnā€™t include food. Iā€™m basically living paycheck to paycheck. I have no money saved up. Should I just move back into my moms? + +At this point Iā€™ll never save enough or quick enough to buy my own house, I feel like a failure at this age. + +Please be kind. I know that most of America is living paycheck to paycheck, but I feel hopeless and lost. + +Net monthly pay: $4k + +Rent: $1600 + +Car: $309 + +Phone: $120 + +Internet: $55 + +Light bill: $100 + +Car insurance: $198 + +Credit cards monthly: $80 (have 2.5k left to pay off) + + + +Monthly subscriptions like Crunchyroll, Netflix, gym, pet insurance add up to $148 + + +EDIT: The reason why my list doesnā€™t look complete is because I donā€™t know how much I am spending on gas and food. It varies a month. Maybe one month gas is $80 a month + +And then groceries pretty much take up the rest. I spend around $200 on groceries per paycheck. Thatā€™s $400 a month. That pretty much goes the rest of my money. + +EDIT 2: thank you so much for all the advice! I didnā€™t think so many would reply to this, definitely going to get back and reply to these soon. +https://www.youtube.com/watch?v=YT0mEetZT9U + +Considering this is topic about his personal life, 15 years ago. + +It's baffling how fast this sub was ready to label the dude as a pathological liar. + +Solana team was caught lying about the amount of token supply, but I guess THAT'S not a problem....when this thing doesn't really have direct relevance to Cardano as a blockchain to begin with. + +Why all the constant tribalism, misinformation gets upvoted to the top? Why people are so quick to believe their own bias and take slanderous claims as facts? How did Hoskinson hurt you? + +Welcome to modern-day "journalism", where if you're unfortunate enough to be relevant, you get thrown into situations where you must spend hours of your day to pull out decade-old paperwork to address whatever accusations these leeches throw at you. If you fail to do so you get canceled, if you decide to waste your time and do pull out the paperwork, those leeches won't even issue an apology and they still get the clickbait that they wanted. + +For people wanting details about his degree, here ya go "At 18 an AS from front range community College in 2005. " - https://twitter.com/IOHK_Charles/status/1502097939669434378?s=20&t=1zqxKMiXKZcYZQS9pzw6Wg + +Edit: +Okay. People have mentioned that Solana thing was widely discussed here. I admit I based this assumption on few comments by people who were shitting on Hoskinson while seemingly being all fine with Solana. In retrospect, I shouldn't have said anything about Solana. + +But my point was, that lies about the total supply of tokens is something that is directly related to the blockchain of Sol, while this case doesn't have much to do with Cardano. + +However, I understand that I'm coming off as hypocritical here myself. And I'm sorry for that. But I just wanted to put these things into perspective when it comes to this cancel culture of this sub. +I live in south west WA and slowly some rentals are popping onto the market - still at crazy inflated prices though. + +Still a lot of homeless workers (even local professionals) who can't find a place, but it looks like things are easing as we head into winter. + +&#x200B; +I think itā€™s probably the fact Iā€™m stuck inside watching American flip shows tv.. but I really donā€™t think that itā€™s possible in Australia. +The biggest component wound have to be tax. + +Would love to hear if anyone has any experience in renovating houses for a profit. +26 years old, 100k base salary, stable employment as a CA qualified financial analyst in a relatively recession resistant industry. No debt apart from HECS, no intention of buying real estate in the next 5 years (No girlfriend and want the flexibility to move home to QLD at some point). + +Basically I'm planning on holding these equities until retirement then living off the dividends Peter Thornhill style. + +I was thinking of dipping my toes in with a NAB equity builder with 30k down, 70k loan for 10 years at 4.55%. This would be 9k annual payments leaving me with about 20k extra cash to buy more shares or prematurely pay down the outstanding balance. + +After 10 years at a 7% nominal return, the portfolio would be worth almost 200k, I'd have paid 18k interest and received about 7k in tax benefits. Assuming no changes to interest rates. + +https://preview.redd.it/6ugn42wu4jn31.png?width=803&format=png&auto=webp&s=42d7d5cac8fbfe853bd127bc23baf4fd59f64203 + +**Pros** + +* Principle is degraded to inflation. +* No risk of margin calls. +* Strong free cash flow. +* Deductible interest at 37% marginal tax rate. +* Dividends should cover interest payments +* Portfolio can be easily liquidated and loan paid off without penalty. + +&#x200B; + +**Cons** + +* Australia falls into a recession shortly after I execute my order. +* Perhaps the declining interest rates of the past 25 years have fueled a housing and share market bull run and I missed the boat on both. Assets are now very expensive with less scope for growth. +* Housing boom 2.0 starts and I miss out on that too. + +I don't have a crystal ball so I figured I'd ask the next best thing (AusFinance). Should I buy? +My mother just quit a job shortly after training and doing some admin work for a small company(she quit because the owner made a mistake and wanted my mom to take the complete blame for it including writing a 2-page apology letter!) +Per the owner, both training and the admin work time are paid/billable. The owner hasnā€™t paid her or made any mention of paying her for the brief hours that she worked there. Should she reach out to them and ask for the pay? + +Edit: Thank you for the gold kind stranger! +My cat cost me $792 today. Is pet insurance worth the monthly payment? + +Having a pet is a luxury Iā€™m not always sure I can afford. + +[Beau. He peed on the vet.](https://i.imgur.com/OSfbrCP.jpg) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +What do you guys think about TokenCard? + +http://tokencard.io/ + +It essentially aims to be a card that allows you to pay for things with ETH and ERC20 tokens through the visa payment system via a Token (TKN) that converts to fiat when swiped. You can also withdraw fiat from visa ATM's using it. + +Seems like a great idea, but I have a couple questions that I was hoping you guys could help me answer. + +1.) When you convert the TKN to fiat, is this considered a taxable event? If so, it would be a huge inconvenience to have to keep all of this information available for tax purposes and might limit adoption. + +2.) How much personal information will you have to submit in order to get a card? + +I watched a video and read the information available on the website (besides the whitepaper), but I couldn't find any information regarding either of these topics. + +I think TokenCard has a lot of potential if the card can be used anonymously and the tax is somehow incorporated into the conversion fee. + +Would love to hear your thoughts. +I was rewarded 400 stock options from my employer. They are vesting over the coming 3 years and I was just wondering what would be the best strategy to monetize this reward without additional investments. I understand just possessing these stock options will not give me any income. The stock is rewarded at ā‚¬280. +I would love any thoughts on buying a house vs investing the down payment money in a taxable account for example. Seems like Iā€™ve always heard buying a house is a good investment, but the down payment required is a lot of cash and Iā€™m in Seattle where houses are very expensive. + +So I am curious what you think. Is there a scenario where it would make more sense to continue paying rent (which is also high in Seattle) and put the down payment money in a taxable account for retirement? Or better to buy a house and stop wasting money on rent. + +Iā€™m 46 recently divorced, sold our house last year and been renting since. I have cash we made off that sale and been trying to decide to put that towards a house of my own, or invest it. + +Any thoughts you all have would be greatly appreciated! +Hey everyone. So I (24M) am looking into getting a new car. I currently have a Honda Pilot with 230k miles on it and just need to upgrade to a more reliable vehicle as the transmission is on its way out. Iā€™m estimating taking out about a 10K loan in order to purchase a new vehicle. Currently my wife and I are saving for a house in the NoVa area (so not exactly cheap), but are looking to buy a house in the next 5 years or so. She has about 8k left in her vehicle loan and would need to co-sign for me because I am still building my credit (669) and she has excellent credit (753). Currently our combined total salary is about 65k-70k before taxes. Is it a good financial idea to get this loan, which will eventually end up helping my credit but initially will bump my score down as well as my wifeā€™s? Or should I buy a $5000 car outright off Craigslist and have that last a few years? +I found an article on a site called The Money Mix this morning where they surveyed a bunch of the big name bloggers and FIRE enthusiasts about early retirement and financial independence. + +The main topics were FI numbers, maximum age for early retirement, and how much you can work and still be retired. + +Lots of talk about Suze Orman's comments about FIRE and the response of the pf community, too. + +I thought it was an interesting read to see so many different perspectives... + +[https://themoneymix.com/early-retirement/](https://themoneymix.com/early-retirement/) +Im 27 years old. Ive managed to save roughly $100,000 over the past six years by spending far below my income. Somewhat impressive seeing as I do not have a college degree and have been making between 25-35k per year. I would like to purchase a home at some point but the average cost of a home in my area is 600K and the housing market is a scary place for a single young man that doesnt MAKE much money. This money has been sitting in my bank account growing for years with no return. Any advise is greatly appreciated. +Hereā€™s the hypothetical scenario. + +John, age 60, has money in a Roth 401k. Upon leaving his job, John opens a Roth IRA and rolls over the funds from the Roth 401k to the Roth IRA. + +John kept good records and knows exactly how much of his Roth IRA balance consists of his own contributions to the original Roth 401k. But since John has no other Roth IRAā€™s and he just opened this one, we know he cannot take a qualified distribution from his Roth IRA yet because he has not met the 5 year rule. + +Can John still withdraw his contributions from the Roth IRA after the rollover is completed without facing any penalties? +(IN USA) I currently have ~$5000 in my checking, ~$10000 in my savings and ~$5000 in VTI and a few other investments. I just recently got hired for a part time job for $16/hr this summer and I intend on using this income flow to invest in a Roth IRA. Iā€™m more confused on what I should be doing with the majority of my money, seeing as the $10000 in savings is in a laughably low yield Wells Fargo savings account. I pay about ~$700 in rent and utilities. Iā€™ll do my best to give any more details about my financial situation down in the replies. Thanks! +This has been my plan for a while now. I have developed a deep hatred and loathing for the system of the United States. My veins burn with angry blood sometimes when I don't keep it in check, and I almost pass out. Nothing in this life has ever made me feel the way I do these days. There are no words for it. + +So I've been planning on leaving this shithole behind! Gonna try locating myself somewhere else, give it the ole college try before I.... Well, some of you know. + +I know some of you will be moving far away as well. Where are you looking into? + +I've been looking at thailand, costa rica, and portegal. Porteguese chateaus are actually in my price range after moass. And I read an article about Costa Rica actually being a pretty safe place to live. + +I dunno, any of you guys have experience with relocating to another country? What are some things I should know? What places interest you? What are some lesser known things I should keep an eye out for? + +I will hold until Citadel fucking burns. +I had a kid with my girlfriend, we are still very much together but due to my job Iā€™m out of the country most of the year so she lives at home with her parents in MI to have a support network, + +With that said- I pay for all of my childā€™s (and most of my girlfriends) bills, food, diapers, clothes, have him on my healthcare, etc. I send her spending money and pay her parents a form of rent of around 250-300/month and pay for their meals out on occasion. + +With tax season approaching I am aiming to use Foreign Earned Income Exemption due to me being gone so long and combined with the Child Tax Credit to get myself in a good place financially. + +Her parents are now telling me I would be committing ā€œtax fraudā€ by claiming my kid since he and my girlfriend live with them. + +Please advise. Just want some preliminary advice before I contact a CPA. +A lot of us get caught up in the idea of making money but good trading isnā€™t defined by how much money you make. Good Trading is being able to execute a plan flawlessly, itā€™s pure psychological, if you can execute on a plan 100s of times and not deviate no matter the circumstance (profitable or not) then congrats youā€™re most likely an amazing trader. If you arenā€™t making money but you execute flawlessly then all that means is that you donā€™t have an edge. If you are currently in your learning phase then it is paramount that you learn the skill of being able to execute without deviating because if you can do that then all youā€™ll need is an edge in the market and you will be profitable. Trading is all about doing the same thing over and over again and letting the probabilities play out, losing sucks but trust in yourself and your system. Itā€™s better to lose money or in the worst case blow your account because you donā€™t have an edge than to lose because you didnā€™t follow your system/plan and let your emotions get the best of you. Being profitable is the by-product of good trading and having an edge. +I've recently embarked on this FIRE journey and the few people that I've talked to about this - smart, college educated, well paid - almost scoff at the idea. These concepts definitely aren't for everyone, but I'm glad I came across it. I'm 30 now living in a VHCOL area but am planning to relocate to a LCOL area soon which will help me invest and save enough for FI by 45-50. + +So, how many folks know about your goals? How do they react? Have you "converted" anyone to these principles? + +Edit: by "converting", I mean inadvertently leading someone to practice these principles that did not do so before, not a deliberate attempt. This may be religion-esque to some of the FIRE practitioners, but not what I was aiming for! +I love this sub. First time poster, long time lurker. My husband and I had the opportunity to buy said trailer in staff housing at the prison he works at. $5k for the trailer, and $100 a month all inclusive with electric, water, trash, and lawn maintenance (last two courtesy of the inmates). While my salary raised considerably the last year, this is our opportunity to finally be debt free. Some people in my life were disgusted by this move for some odd reason, but we are basking in home ownership and not living paycheck to paycheck. Paying off debt! Saving! We even remodeled the entire bathroom and all the floors for 500 bucks and my husbands hard work! To anyone thinking that everything is permanent, it's not. Making these changes despite the fact that yes, we could spend money on rent in a nicer place, has been liberating. To the people in my life living so beyond their means to impress others, I'm still happy that I have a place to live, food on the table, and am slowly on my way to financial security. +Bonds and other debt securities uniquely have both a price *and* a yield/interest rate (unlike, for example, equities, commodities, and currencies which only have a price). When investing in equity/a commodity/a currency, the goal is to buy at a low price and hold the asset, hoping its value will appreciate as much as possible. But with bonds, is there a clear goal the investor has since the investor is juggling the price *and* yield of the bond (which are, of course, inversely related)? If so, what is the goal? +Hi folks, + +Iā€™m currently 17, turning 18 in July, and I have been lucky enough to get onto a degree apprenticeship with a starting salary of Ā£21,500. + +Iā€™d quite like my independence, so buying and renting are my first options to avoid a house share. Iā€™d want to move in around August time, before my start date (27 Sept.), though Iā€™m flexible up until a few weeks before that, probably. + +Looking at houses, to rent, Iā€™d be looking at >Ā£700 (Berkshire area), with most totalling over 850 before any bills. + +After tax, Iā€™d be looking at around Ā£1450 p/m, with potential for my brother and girlfriend to also be living there for a bit (6m-1y). I need to keep within my own means, but there is also the option to find someone in need of a house share if no one were staying at the time. + +My main questions at the moment are regarding the mortgage. Can I get a mortgage before officially starting the job (I have signed contract)? + +Iā€™d be able to put down a deposit of around 12,000-15,000 as of now, with potential for flexibility in the future depending. Most houses seem to be in the 170,000-200,000 range (2 bedroom). From what Iā€™ve seen, a mortgage (especially over 35 years) works out cheaper than renting. Additionally, talking with my mum, she would guarantor if needed, with a house as collateral. + +Any help, advice, reality checks, etc is appreciated. Iā€™d really rather put money in to a house I own than into a landlordā€™s pockets if I can. Thanks folks +**Welcome to the Weekly Skeptic's Thread.** + + The goal of this thread is to go against the norm and bring people out of their comfort zones by focusing on critical discussion only. This thread will be prioritized over the Daily General Discussion thread on Sundays. + +- +*** +- + +**Guidelines:** + + * Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects. + * Refer topics such as price, gossip, events, etc to the [Daily General Discussion](https://www.reddit.com/r/CryptoCurrency/search?q=flair%3AGeneral+Discussion&restrict_sr=on&sort=new&t=all) thread. + * Please report promotional top-level comments or shilling. + * Consider changing your comment sorting around to find more criticial discussion. Sorting by controversial might be a good choice. + * Share links to any high-quality critical content posted in the past week which was downvoted into obscurity. Try searching through the [*Skepticism* search listing](https://www.reddit.com/r/CryptoCurrency/search?q=flair%3Askepticism&restrict_sr=on&sort=new&t=all) to find this kind of content. + +*** + +**Rules:** + + * All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply in this thread. + * Discussion topics **must** be on topic, ie only related to critical discussion about cryptocurrency. Shilling or promotional top-level comments will be removed. Violations of this rule could result in temporary or permanent ban. + * Karma and age requirements are in effect here. + * Simple comments giving the current composition of you portfolio, asking for financial adivce, or stating that you sold X coin for Y coin(shilling), will be removed. Please help in reporting these comments. + +*** + +**Resources and Tools:** + + * Click the RES subscribe button below if you would like to be notified when comments are posted. + * Consider reading through or contributing to r/CryptoWikis. r/CryptoWikis is the home subreddit of the CryptoWiki project which aims to give an equal voice to pro and con opinions on all coins, businesses, etc involved with cryptocurrency. + * If you're looking for the Daily General Discussion thread, [click here](https://www.reddit.com/r/CryptoCurrency/search?q=flair%3AGeneral+Discussion&restrict_sr=on&sort=new&t=all) and select the latest item in the search listing. + +*** + +Thank you in advance for your participation. Enjoy! +Go to "Input Data" and click on "Convert to UT8" to view the text. + +Letter: https://etherscan.io/tx/0x2d6a7b0f6adeff38423d4c62cd8b6ccb708ddad85da5d3d06756ad4d8a04a6a2 + +More info: https://qz.com/1260191/metoo-activists-in-china-are-turning-to-the-blockchain-to-dodge-censorship/ + +https://supchina.com/2018/04/23/beida-student-to-school-stop-trying-to-gag-me-on-rape-case/ +**Fair warning, I am not sure alerts are 100% guaranteed. Every once in a while it seems that thinkorswim doesn't trigger a passed alert, so this is just a helpful insurance measure.** + +Anyway, channel alerts. I imagine other tools have something similar, but I've been using thinkorswim for a while and somehow never learned this basic thing. I wanted to teach other people who might be in the same boat. Everyone knows about alerts, right? You can right click the stock chart, set an alert, and have a bell go off if the stock goes above (or below, if you request that) a certain point. + +However, in some cases I find myself continually wasting time adjusting alerts. A stock rises, and I adjust my upper and lower alert levels so I know when something happens. Then it rises some more, and I adjust again or set new alerts as the trend continues. So, what you can do is middle click a chart, choose the line tool (2 down, left column), and draw a trend line roughly at the top or bottom of the trend you're following. Then right click the line and choose redraw as channel. That will let you move the mouse and click to place the other side of the channel. Once it is placed, you can left click the channel and adjust the square points to widen, narrow, move, or tune it as you wish. + +Finally, the really cool thing: **You can right click the channel and choose "create alert with drawing".** You can then select a condition like "crosses" to alert you when the stock crosses a line. + +The result: https://abload.de/img/channel_alert7ekgr.png + +Now you don't have to keep fiddling with your alerts until the stock does something outside the expected trend. Have fun! + +**edit** + +It appears you need to use a basic price chart for this option to show up, and you may also need to (temporarily) turn off log scale if you do not see the option. +Hey all, first time posting in this forum. + +Bit of background first, I'm nearly 28, male, living with partents just outside London. Have been unemployed since March 2020 due to COVID. My working background is 7 years in accounting and my most recent salary was Ā£32k pa. I didn't go to Uni as I didn't know what I wanted to do (dabbled in Music Technology, Graphic Design and now Accountancy) I don't have any real education other than A-Levels (A,B,B) I have Ā£72k in savings across various minimal interest accounts. I only recently got this money as the majority was tied into a renovations project I had with a friend (which was stressful but glad I tried it) + +The job market has proven to be very difficult, have had interviews with roughly 10 different companies and got to the final stage a few times but never successful. Last week I got to the final stage with an Entertainment company for a great role - which I really wanted (above all other interviews I've had so far. It was perfect Location, Company and the role sounded genuinely interesting) I got pipped to the role by one candidate at the final hurdle. + +Safe to say I've been pretty down since receiving the news and started thinking to myself, maybe I just need to try something else. I just wish I knew what I genuinely want to do with my life but it's never come to me. + +I haven't started any form of chartered accountancy exams. Partly because I didn't know if accounting is what I wanted to do in the long term, partly because I've never been a good studier because I procrastinate too much. + +I've been applying for all sorts of jobs starting from the bottom to maybe try a new avenue. (Marketing, Account Management, Sales, etc.) But as with most jobs you need to have a background of some form to get into it, whether it's relative education or work experience. So literally nothing happening on that front. + +So it's safe to say, I'm at a loss. + +Feel like I should do something with my money but at a minimum, I can't get a H2B ISA as technically I've had my first property. + +I wish I was the entrepreneurial type of person but no idea what to do. Would love to have that one idea I could run with. Genuine interests are Cooking, Music, Animals, Tech, Football, as well as Day Trading for quite a few years now, I've read lots and watched loads of videos on but never delved into. + +It'd be great to find something where I could just work hard and climb the ladder and not have to study because in my previous role, I'd like to say I was a pretty good worker. I would be doing overtime most days for no additional pay. + +This is a long read and I completely understand if no one will reply but I guess it's just good for my mental health to get my thoughts out somewhere. I'm struggling with insomnia at the moment because all I do is worry about everything. +Hi, +I am long time reader from Czech Republic (geographically Central EU, politically Eastern EU, pick your choice). + +I am inspired a lot by a stories here and I would love to reach something similar as all people here. + +But the reality is that I do not live in capital and I make pretty average salary in my city which is a 1100ā‚¬ gross (e.g. 700ā‚¬ after tax). But I spent some 400-500ā‚¬ just for living (I do not own my flat, food, public transport,...) and the rest I try usually to save. I try to really not buy stuff I donā€™t need. I avoid expensive things. I do not own a car. + +I am 29 IT Consultant. I know there might be a long way ahead of me but currently I do not see any chance to reach FI/RE at all. + +Are there any people from my part of EU who at least reached some of their FI/RE goals? +Fellow investors and traders!!! I'm here again to give you another undervalued stock with huge upside. If you miss my calls on [CLWD DD](https://www.reddit.com/r/pennystocks/comments/ksdx23/clwd_way_lesser_stock_floats_than_gaxy_and_tlss/) and [IONI DD](https://www.reddit.com/r/pennystocks/comments/kwkwoq/dd_on_ioni_if_you_miss_the_clwd_rocket_dont_miss/) last week. I have another very solid stock which so undervalued at the moment!!! For me, this probably has the most potential growth out of the 3 stocks i recommended. + +Ticker ā€“ **INIS** ā€“ OTCMKT +Current price upon writing: **0.08/share** so undervalued + +**Please Read and do your own DD first before taking positions!!!** ASAP!!! + +**Description:** + +International Isotopes, Inc. manufactures and sells nuclear medicine calibration and reference standards, cobalt-60 products, and radiopharmaceutical and radiochemical contract manufacturing services. The company operates in five segments: Nuclear Medicine Standards, Cobalt Products, Radiochemical Products, Fluorine Products, and Radiological Services. The Nuclear Medicine Standards segment manufactures sources and standards associated with single photon emission computed tomography imaging, patient positioning, and calibration or operational testing of dose measuring equipment for the nuclear pharmacy industry. It offers flood sources, dose calibrators, rod sources, flexible and rigid rulers, spot and pen point markers, and various specialty design items. The Cobalt Products segment produces bulk cobalt; fabricates cobalt capsules for radiation therapy or various industrial applications; and recycles expended cobalt sources. The Radiochemical Products segment produces and distributes various isotopically pure radiochemicals for medical, industrial, and research applications. It provides sodium iodide, cobalt-57, cesium-137, germaniumƂĀ–68, sodium-22, and barium-133 isotopes. The Fluorine Products segment offers products that are used to support the production and sale of gases produced using its fluorine extraction process. The Radiological Services segment decommissions disused irradiation units, performs sealed source exchanges in irradiation and therapy units, and processes gemstones, as well as offers transportation services. The company sells its products directly to end users and distributors. International Isotopes, Inc. was founded in 1995 and is headquartered in Idaho Falls, Idaho. + +Website: https://intisoid.com + +**Their FDA Approved Cancer drug:** https://intisoid.com/wp-content/uploads/2020/09/ME_Isotopes_Final-to-Print_v4-7-28-20-1-1.pdf **BULLISH**šŸš€ šŸš€ šŸš€ + +**They have government contract from Department of Energy(DOE)** + +**Reason why i'm so heavily invested in this stock and believes in it's potential growth!!! Please read...** + +The cobalt business is the company's historical money maker and should be back to normal this quarter. Over the last several years the company has been expanding their core business into other areas. What attracted me to this investment was deconversion. This is an area that the DOE(Department of Energy) has spent over 1.5 billion into over since 2002. Recently, there was an announcement that their (DOE) two deconversion facilities have not met their production goals for 2020. INIS has a NRC license to do deconversion. They have a Government Contract that ends until 2024!!! That is where the big bucks are for the company. **Note** the nearly 90% insider ownership. + +And after doing more research i stumbled into this article: https://www.argusmedia.com/en/news/2162427-medical-cobalt-industry-tackles-supply-shortage + +**BULLISH SIGN:** Strong insider ownership here considering there's 424 million outstanding, Here are the top five shareholders of International Isotopes Inc based on the size of their shareholding: + +Kennerman Associaates, Inc. Corporation +Percentage owned: 38.7% (164.2m shares) +Richart (Ralph M) Individual Investor +Percentage owned: 17.76% (75.4m shares) +McCormack (John M) Individual Investor +Percentage owned: 14.25% (60.5m shares) +Grosso (Christopher G.) Individual Investor +Percentage owned: 6.48% (27.5m shares) +Nicholson (William) Individual Investor +Percentage owned: 5.7% (24.2m shares) + +**High insider ownership typically signals confidence in a company's prospects and value in its shares.** + +**UPCOMING CATALYST:** + +* Inauguration of Joe Biden tomorrow (In which he wants to fund R&D for the future of Nuclear energy and new technologies) + +* There was talk of another radiochemical in the works for FDA approval. + +* It is rumoured the announcement of the new contract manufacturing facility due any day/weeks from now + +**Price targets:** + +**Short/mid term: $2-3** + +**Long term: $5-10++** (Sotera has a share price of $25 and they are on the same business and both has Government contracts) + +I'm holding this long term as i believe they will be big this year especially with Joe Biden strong support for Nuclear Energy and the supply and demand for cobalt health sector and EVs... Anything under $1 is cheap for this stock. So i'm taking my positions now before this thing will explode this year!!!šŸš€ šŸš€ šŸš€ +Hello WSB. It's been awhile. + +I'm asking us to stay united on these 2 fronts. DO NOT SELL ANY OF THEM. Simply buy more GME and BB. Do not let the bots divide us. We can work together and make big profits. The plan has always been GME -> BB. + +Disproportionately selling any one of these 2 can cause one of the shares to suddenly collapse and can lead to an influx in the other one. This can lead to a lot of innocent WSBers losing out on gains during the pandemic. We need this rise to be stable. If you want to buy either of these shares, DO NOT SELL THE OTHER ONE. Sell your Yugioh cards, your kids, your body...but DO NOT SELL EITHER GME OR BB. + +Thanks. :) + +EDIT: Just kidding, there was never a plan. WE JUST LIKE THE STOCK. +I just had an interestingconversation with my coworker who vehemently believes that you should never discuss your pay. Ive always believed it is something that Should be discussed because it is very easy for companies to underpay seasoned employees etc but her reasoning for why itā€™s absolutely inappropriate is that ā€œyou dont just go around telling people your pay, thats just rude, what if you make more than them?ā€ and so I respond ā€œthen they go to their manager/whoever and ask for a raiseā€ but then responds ā€œsaying $&amp;;@$ makes more than meā€ is not how it works and is not good. + +Im just looking to hear from you guys what you think about pay secrecy. I feel a little embarrassed as she is 30+ and im ~20 arguing with her about pay secrecy. + +Edit: I did not ask for her pay we were simply having a discussion and had different opinions. Salary should only be discussed with appropriate people and you dont ever have to discuss or disclose anything about how much you make to anyone(apparently it wasnā€™t obvious) +Before I jump in, I want to start with a few disclaimers: + +1) This post is about GME, NFTs, and the future of the company. While I am not discounting the possibility of a NFT token dividend issued for the purpose of triggering MOASS, that is not what this post is about. Much has been written about that already, and I am not going to address it here. Even better, for the purposes of this post, imagine that a NFT dividend does not exist. Even MOASS does not exist. I am talking solely about how NFTs may fit into GME's overall strategy and future of the company. + +2) This post is pure speculation - not financial advice or any other kind of advice, and I do not have inside knowledge (or arguaby any knowledge at all) about GME, Loopring, NFT tokens, the Wu Tang Clan, or yo mamma. All good? Let's begin. + +&#x200B; + +Overview - What we know + +* We know there is SOMETHING going on between GME and Loopring. What exactly that is, is as of yet unclear. +* We know GME has started posting NFT/Blockchain related job postings - and more than just one or two, but dozens at least, maybe more. +* We know GME has lured top-flight kinds of talent from various industries. Execs have been offered fair, but certainly not outrageous, pay packages. So from this we can infer that it isn't like GME backed up a dump truck full of money and that is the only reason people are leaving Amazon and others to come to GME - at least one person even it a "once in a lifetime opportunity." +* We know RC has cut his teeth at Chewy, going head-to-head with Amazon and coming out on top, which means he understands what it takes to challenge a dominant, established market, and succeed. + +&#x200B; + + **What does it mean??** + +At its core, GameStop is a company that sells video games and video game accessories, per Hank Hill. Yes, they have expanded into other areas more recently, but their core business model is built around video games - specifically buying/selling used video games. One of the major reasons GME had been left for dead by analysts, the talking heads, and pretty much everyone until Apes came along and rocked the boat was because their model WAS a dying one. They weren't wrong about that. + +Sure, you can still buy and sell systems and controllers and bobble heads dolls of the Master Chief... but with video games moving increasingly to digital distribution, the trade-in + used game market, the lifeblood of GameStop's business, was drying up. At that point, what does GameStop offer that can't be purchased more easily elsewhere? Everyone sells new games, and I can buy my MC bobble head on Amazon or probably a dozen other places, and before January 2021, there wasn't much interest in GameStop branded swag like hoodies. + +&#x200B; + +**So if I'm GameStop... what do?** + +Pre-RC, it was pretty clear that GameStop management believed the jig was nearly up. To them, GameStop was building horse-drawn carriages in the age of the automobile - the core business itself was increasingly irrelevant and doomed to eventually fail. It was just a matter of time. So the only thing TO do was to milk every last dollar out of the business until it finally went under. Enter RC, the man with the vision. And what is that vision? + +&#x200B; + +**The GameStop Marketplace** + +An online marketplace where you can buy and sell DIGITAL COPIES of games. + +Historically, used games have been the bane of publisher's existence. Back when everyone had cartridges and discs, you could buy a used copy of anything except for the very newest title for probably half the price of the new game. Maybe less. And worse the publisher doesn't see a dime of that revenue. That is all GameStop. Now we have non-transferrable digital distribution of games - this eliminates the secondary market and guts GameStop's business model, but it also eliminates a portion of the gaming population that WOULD have bought the game at a lower price point later (at least until the publisher lowers their prices, which we know they don't do until long after anyone cares about the game). + +&#x200B; + +**So how does it work?** + +Let's say you buy a game from GameStop new, or from the publisher directly onto your Xbox, PS5, or whatever. You download it. You play it for a while, then you get bored. Today, you are stuck with a worthless piece of software you can't transfer and don't want to play. But what if you could selll your digital copy through a GameStop marketplace... using a unique NFT or blockchain entry to identify your digital copy as real? The whole reason digital copies aren't transferrable is because you can't easily verify them, which will lead to fraud and people selling multiple copies of the same game (Sony tried a solution to this with its DRM but everyone despised it...with good reason). But if games were only transferrable to the GameStop Marketplace and the Marketplace ensured each copy was legitimate with NFTs, then that concern is eliminated. + +Okay, cool.... but so what? For this to work, you'd need the game publishers to buy in (so you could attach a unique identifier to each game when it was first created/sold)... and why would they do that? +Game publishers don't WANT a secondary game market, right? Historically no, but they will now. +Publishers will embrace the secondary market because in a digital marketplace, GameStop can easily (and would have to) offer them something it never could/would before... a piece of the pie. Remember how I said video game publishers (and ALL media publishers frankly) hate the secondary market because it costs them sales and drives down prices? Well, what if GameStop cut publishers into that pie for the very first time. Say, 10% of the gross price of every sale? Maybe 20% Every publisher in the world would take that deal. It is money for nothing. + +At this point you may be asking yourself: Then why would anyone EVER buy a "new" game as opposed to a "used" game in the marketplace? If its digital, they are identical right? There is literally no reason anyone would ever buy new, so publishers will still end up with less money. Not so fast my friend. Because we now have the ability to uniquely identify each game, we can see this particular game has been bought before. Publisher's could include special content only available for "new" or first time purchases (skins, maps, in-game credits, characters, etc.) as an incentive. But what if you don't care about that, you'd always just pay less and get the used game right? Well... you could do that, if there are actually copies of the game for sale at the time! These are unique identifiers remember, so just like how it used to be back when you went to your local GameStop in 2005... there may not BE a used copy of Hello Kitty Island Adventure available when you try to buy one - or maybe there are only a few, which would make the "used" price very close to the "new" price... And if I can pay $10 more and get access to the Feline Frenzy skin plus 20,000 kitten bucks? Maybe I'll just buy new after all. More revenue for publishers. More revenue for GameStop. + +&#x200B; + +**Future So Bright I'm Wearing Shades** + +So bully for gamers and used video games... but is that really IT? Why would an executive from Amazon think that selling used video games is the chance of a lifetime? + +Because once perfected in the arena GameStop is most comfortable in (used video games), the model can be applied the same way to ALL digitally distributed content. Movies. Art. Music. Software programs. Anything. That. Is. Digital. + +THIS is why GameStop is poaching Amazon talent. THIS is why people believe working for GameStop is a once in a lifetime opportunity. Its not because of the squeeze, or the shorts, or sticking it to wallstreet, or anything like that. It is because GameStop has the potential to become the primary hub for the buying *and selling* of all digitally distributed content in the world by creating a NFT token/blockchain based marketplace. + + +GameStop is aiming to become the Amazon for digital things. + +&#x200B; + +Tl:Dr - Gamestop + NFTs = Sploosh + + + +Edit #1 - + +Got a message from an Ape without karma to post making a great point! Thanks u/eatguamuchil !! + +"I agree with what you are saying and would like to add that through an nft system they can also capture the micro transaction market. + +Paying a few dollars could get you some skins in one game that you can then later use to trade for tokens and skins or parts of another game. There have been entire underground economies that develop from games, this could legitimize them and make them better for the player and the dev." +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. +Okay, so for full transparency I am trading with a two-thousand dollar account. My strategy is 30 DTE credit spreads on SPY. Maybe more if I feel that I need some more time. I do technical analysis each morning and I'm always paying attention to economic factors that may influence where the market goes next. I will typically make my strikes 4 to 5 dollars wide, and always make sure I'm collecting 1/3 of the strike prices in terms of premium. With all that being said, I am wondering how much money I can make trading this strategy assuming I don't FOMO into trades and make stupid mistakes like yoloing all my money into one position. + +Ultimately, I'd like to grow the account to 6 figures with the understanding that this will take a long time and require a lot of patience. Has anyone done what I am trying to do successfully? What advice do you have for a small account trader like myself? Thank you. +I would be interested in hearing this sub's case for short puts on DIS. + +I target 1% every 45 days and I'm looking to sell the DIS Feb 3 2023 76 puts @ 0.79. + +I am concerned that because the stock has fallen so much, and that interest rates are much higher than a year ago, that debt costs will be much higher going forward than a few years ago. + +QQQ or SPY seems so much safer. + +Prove me wrong. +Hey gang, + +Last year, I was selling CSPs on high IV stocks and made "lucky" returns. Then the market turned and a lost of some of those early gains. + +Now, I have a $300K margin account and would like to be safer (relatively speaking) and earn about 10-15% (per year) using theta strategies. + +Lately, I have been trying the wheel strategy, selling CSP at approx 0.30 delta 30DTE. +My positions have been small, 1-2 contracts on stocks like NVDA, MSFT. +Got assigned on NVDA, now selling CCs. I'm down on the underlying but have made a bit of income on the sale of said options. + +Should I increase the number of contracts and keep following the strategy? +What other strategies would be suitable? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I have 3,481 shares of TSLA that are worth $3.1M as of market close today. I want to figure out how to use this position to generate cash flow that I can use to acquire more TSLA shares as well as to build out other investments as well. + +I've sold covered calls on my SQ position to learn more of the mechanics and so I'm already familiar with this process but got my shares called away one time. I got greedy and after something like 7 or 8 weeks in a row of winning I sold during an earnings week when I had told myself not to do it because anything could happen. No surprise, SQ outperformed expectations and despite the great premium I made selling the covered calls I lost out on the share upside and I decided against buying back the position. I ended up rebuying some of that SQ position, but I share the story to show that I've already had some (failed) experience doing this. + +What recommendation would you have for me to sell covered calls on my TSLA position without losing shares? I don't want to get shares called away at all, but especially until after March because that's when the shares will transition to long term cap gains. Here were my initial thoughts on strategy: + +- TSLA is crazy at times so I was thinking one week out only. +- Never sell during an earnings week unless it's really far OTM +- Avoid selling during events +- Hold onto a few percent in cash to buy back calls when I make a bad trade. etc + +Are there any additional resources I should learn from or anything else like that? When I was selling SQ calls it was very simple like "Ok well, I don't think it will go up 15% this week so I'll just set my strike for 15% above." like really basic level thinking. + +Any feedback? +Hey all, + +Just discovered beauty of selling rather than buying options. Wanted to start with a few moves and was hoping for some feedback to make sure Iā€™m not making a completely ridiculous move and that I understand CSPs. + +Been sitting mostly cash, with some minor scalps for short term rallies, but my thesis is that market will bounce around current range for at least a few more months, maybe skewed a bit more towards bearish. Iā€™m looking to start selling CSPs with the hopes that I either get a premium and worst case get assigned so I can make an entry into some stocks I like and start wheeling if needed. + +TSLA 505p 7/15 +AMD 85p 7/15 +NVDA 140p 7/15 + +I like the dates because they are before the next earnings calls ie hoping to reduce risk. + +Overall, just looking to dip my toes into theta side and start with some safe plays ^. +Do you keep it cash, use the premiums to buy shares of stock, or something else entirely? + +edit: I purchase 1 share of the stock I made the trade on, and keep the rest cash personally +So the markets started off the week RED - seemed like a good time to sell some CSP's - of course I was a little bit nervous about the overall market direction with all of the FUD going on in Congress. Since I am mainly focusing on the Wheel Strategy - I do hold the following tickers and sell CC's weekly (A few are monthly) **CHPT, CHWY, DKNG, GME, LCID, MRK, NOG, PINS, RIOT, TTD** \- this has caused my overall portfolio to remain red the past 2 weeks. So Im running my Covered Calls scanner on Bar Chart and I see this ticker pop up with crazy IV last week - **CCXI** So I check into this ticker and find out its a pharmaceutical company waiting on FDA Approval for a new drug. This stock traded at $70 earlier in the year - but now was trading around $17. I could sell the October 15th 20 CC for 4.87 - so I started buying shares and selling CC's - ended up with 1100 shares and 11 contracts at different strike prices. My thought process was this - if the FDA news is not good - I can immediately sell the underlying shares - and leave the CC's naked until expiration (Or BTC since the value would plummet) - and if the FDA approval got announced - I could allow exercise or BTC the CC's and hold the shares. I ended up day trading these a few times because the stock price was bouncing a little bit. I ended up with $9500 in premiums collected. So Oct 7th arrives and all day we are waiting for the FDA announcement. Market Closes - nothing yet. So now Im rather nervous carrying these shares overnight. I do trade on Fidelity so I can Buy/Sell after hours. 7 PM still no news - so I guess we wait until the next morning. IM up at 6 AM watching stocktwits - what a roller coaster some of these folks are on ... 6:55 AM the ticker is halted - and the announcement comes out - Full FDA Approval. What a great feeling. 7 AM hits and the stock opens at $35 per share. I immediately buy 1400 more shares at a cost average of $33. So now my 2500 shares are average cost of $24 each. Now decision time - what to do with the CC contracts. So at 0930 when the market opens I BTC all of my contracts. Now Im holding 2500 shares that are trading in the $35 range. My P/L shows $27,000 - this is the best trade I have ever made. See chart below with my trades. + +&#x200B; + +[Week of Oct 8th Covered Calls](https://preview.redd.it/ylpisdbbnfs71.jpg?width=1048&format=pjpg&auto=webp&s=941ad58a93f34eb165500b0f212582c29c3ad55d) + +Opening P/L + +&#x200B; + +[0930 Fidelity Trader Pro](https://preview.redd.it/61n5yr7fnfs71.jpg?width=397&format=pjpg&auto=webp&s=3e4d45faff730acc4127e8826ac543907825a4c0) + +I ended up selling 1000 shares later in the day for $37.80 and still hold 1500 shares. I also opened a spread just to capture the profits if this thing runs like they are predicting. + +&#x200B; + +[50 Contracts - Max Risk $4800 Max Profit $20,000](https://preview.redd.it/683m93xynfs71.jpg?width=888&format=pjpg&auto=webp&s=13987afee17644dff24f495c0d485ac1d8ca0160) + +Overall I am very happy with how this worked out. I felt my risk was somewhat minimized because I had sold the CC's early on - and my cost average was about 30% below my purchase price. I do realize this could have gone south real fast - and I was prepared for that scenario. + +I did sell CSP all week also - and that chart is below. I ended up not taking assignment on anything this week. I have been BTC most contracts after 70% profit just to be safe and free up margin. I am really interested in the TSLA PUTS - these seem to be a nice little premium generator. + +&#x200B; + +[October 8 Weekly CSP ](https://preview.redd.it/7jbh4d0lofs71.jpg?width=1275&format=pjpg&auto=webp&s=e184d3ff033abe523bed317092c0d509c214d257) + +The only other change I made this week was the Energy Sector - I added some shares and sold some CSP and CC's on a few Energy Tickers - they seem to be strong going into Winter. **DVN, NOG, COP** and Ive always invested in **GPRE** who does great thing in the Ethanol Space. + +Thats about it for this week - all feedback appreciated. I am still learning and my weekly goal is still $4000 per week in revenue generation - but for the past 5 weeks I have definitely eclipsed that. +I have 3,481 shares of TSLA that are worth $3.1M as of market close today. I want to figure out how to use this position to generate cash flow that I can use to acquire more TSLA shares as well as to build out other investments as well. + +I've sold covered calls on my SQ position to learn more of the mechanics and so I'm already familiar with this process but got my shares called away one time. I got greedy and after something like 7 or 8 weeks in a row of winning I sold during an earnings week when I had told myself not to do it because anything could happen. No surprise, SQ outperformed expectations and despite the great premium I made selling the covered calls I lost out on the share upside and I decided against buying back the position. I ended up rebuying some of that SQ position, but I share the story to show that I've already had some (failed) experience doing this. + +What recommendation would you have for me to sell covered calls on my TSLA position without losing shares? I don't want to get shares called away at all, but especially until after March because that's when the shares will transition to long term cap gains. Here were my initial thoughts on strategy: + +- TSLA is crazy at times so I was thinking one week out only. +- Never sell during an earnings week unless it's really far OTM +- Avoid selling during events +- Hold onto a few percent in cash to buy back calls when I make a bad trade. etc + +Are there any additional resources I should learn from or anything else like that? When I was selling SQ calls it was very simple like "Ok well, I don't think it will go up 15% this week so I'll just set my strike for 15% above." like really basic level thinking. + +Any feedback? +I have been using IBKR and have done 350+ trades for this year, each trade has multiple contracts. My current brokerage comm is around 92bps (0.92%) of Net Profit YTD. + +How are you guys doing? No complaints really but Just wanted to get an idea of what others paying. Cheers! +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. +For those who do weekly/monthly Put Credit Spreads, I have a couple of questions. I'm trying to learn some basics to help grow the smaller of my two trading accounts. + +Here are my questions: + +1) How far OTM do you usually set your short strike? + +2) How narrow/wide are your strikes? + +3) What Delta do you look for in the spread? + +4) What Theta do you look for in the spread? + +5) Do you roll at a specific point or just take your lumps? + +&#x200B; + +The TasteyTrade PCS 'checklist' is in essence: (not that this is perfect, but I'm using it as a starting point to learn from) + +Approx. 30-45 DTE + +Aim for a premium total that is 1/3 the width of your strikes + +Delta in the range of 0.1 to 0.2 + +Roll out about a month if the short strike is at or in the money + +&#x200B; + +The TT strat sounds good, but has been inconsistent/ineffective for me. Any advice/pointers? Are PCS's even worth doing? + +&#x200B; + +Thanks! +[https://www.marketwatch.com/story/disney-earnings-surge-in-disney-subscriptions-leads-to-surprise-profit-11613078561?siteid=yhoof2](https://www.marketwatch.com/story/disney-earnings-surge-in-disney-subscriptions-leads-to-surprise-profit-11613078561?siteid=yhoof2) + +ā€œDisney+ has exceeded even our highest expectations,ā€ Chapek said in a [conference call with analysts](https://edge.media-server.com/mmc/p/snvice4i) later, noting it stood at 26.5 million subscribers in the same-quarter a year ago. He also noted spikes in usage for ESPN+ (up 83% to 12.1 million) and Hulu (up 30% to 35.4 million). + +Disneyā€™s Media and Entertainment Distribution, which includes Disney+, brought in $12.66 billion for the quarter, a decline of 5% from the same quarter a year ago before the pandemic swept across the country. The Disney Parks, Experiences and Products unit took in $3.6 billion, down 53% year-over-year as many Disney parks and its cruise line remain closed. The flagship Disneyland Park in Anaheim, Calif., and Disneyland Paris will stay closed in the current quarter, Disney Chief Financial Officer Christine McCarthy said during the analyst call. + +The sustained strength of Disney+ has impressed Wall Street analysts despite stiffening competition from Apple Inc.ā€™s [AAPL](https://www.marketwatch.com/investing/stock/AAPL?mod=MW_story_quote) Apple TV+, Netflix Inc. [NFLX,](https://www.marketwatch.com/investing/stock/NFLX?mod=MW_story_quote) AT&T Inc.ā€™s [T](https://www.marketwatch.com/investing/stock/T?mod=MW_story_quote) HBO Max, Comcast Corp.ā€™s [CMCSA](https://www.marketwatch.com/investing/stock/CMCSA?mod=MW_story_quote) Peacock, Amazon.com Inc.ā€™s [AMZN](https://www.marketwatch.com/investing/stock/AMZN?mod=MW_story_quote) Prime Video, and others. + +Here's last night action of charts when they announced the partnership. + +[https://coinmarketcap.com/currencies/kava/](https://coinmarketcap.com/currencies/kava/) + + +**People who don't know what KAVA is:** + +Kava is a Layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. + +Here's screenshot of their deleted tweets + + +&#x200B; + +[Deleted Tweets](https://preview.redd.it/9lpfij6ff5r81.jpg?width=480&format=pjpg&auto=webp&s=4097c52fdbe656299f560d85bac90bf8464ce6a3) + +Here's one of the people who fell for this prank. + + +[RIP](https://preview.redd.it/8apmu79qf5r81.png?width=687&format=png&auto=webp&s=6c245bc5c89370d8752df8099592afd839b78e67) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Hey guys. +I'm a long term Bitcoin (cryptocoin) enthusiast and this is the first time I post on r/ethtrader/. I consider myself to be well above the average informed about how cryptos and it's underlying technology/blockchain works, but I'm no where near confident in understanding all the details (although I've read a lot about it). To be honest - I've been very sceptic regarding altcoins and never really considered investing in them. Recently however I've come to trust Eth more and more because it's been around a while and seems it's developing fast and I've seen plenty of positive comments. +Okay, so I will be honest. I have to admit I don't really understand how Ethereum works and how it can be (or is) utilized. I can't imagine there are many people out there who truly understand it or have even heard about it in the first place. From the trading perspective (we are on the trading subreddit afterall) it makes me believe that Ethereum is just few steps above infancy and nowhere near showing it's full potential to the mass public. Kind of like Bitcoin in year ~2013. If I am not mistaken this would be quite bullish on the long term price. Current price can't be all speculation - there must be some "smart money" involved. What do you guys think? Do *you* understand the technology behind Ethereum? + +Thanks for all the inputs! +Disclaimer: I own few coins/some fuel or however you wanna call it. :) +I thoroughly enjoyed my time here the past few weeks, but the reddit format does not lend itself well to this conversation. People who have been here for less than a day carry as much internet presence as those of us who have been here for a long time. Accounts less than a day old spam the sub with fantastical statements while level headed advice from board vets get drowned out in the process. This leads to fear begetting fear. Panic spreads, and the board discourse diminishes in value. I am not suggesting that this board moves the market (lol far from it). But when the price tanks, it would have been nice if we could come here and discuss relevant NEWS instead of the inane bubble comments that get posted here. The fact is, this needs to be an eth investing sub, not an eth trading sub. Oh well. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +The network effects in the past few weeks have been astonishing. Even just in my personal circle, I can see the idea spreading fast. In the last 2 weeks alone I've seen several "outsiders" find out and buy in with little knowledge of why. + +How do you guys talk about Ethereum when someone asks? I find it nearly impossible to explain in a concise way. I need to get better at that. Often I end up jumping too far ahead without walking through all the steps so that they understand why I'm saying things like "This could bring down Facebook" or other seeming ridiculous statements. + +The one thing that has worked well is [Don Tapscott's TED Talk](https://www.ted.com/talks/don_tapscott_how_the_blockchain_is_changing_money_and_business) from last year. + +How do you guys explain the revolution to people that don't even realize that one is coming? +Been looking at stocks I want to invest in for a while now but Iā€™m not sure how much I should save up to dump into them. Does it matter how much (or how little) money Iā€™m investing at once? +Does anybody have any recommendations for good trading books they've come across. Anything that influenced you guys in building your trading systems. I have a few amazon credits. + +I have already read Reminiscences and Zone, both were good reads. +Hi All, + +I am experimenting with MT4 strategy back testing some mechanical trades I wrote. i came across many strategies that were profitable when back test them between 2000-2013. then when I wana test them out of the sample,2014-2018, they fail badly! + +I am not optimizing the strategy even. just default values of the indicators. I use daily time frame.strict money management rules. risking 1% on each trade and using ATR based stop loss and take profit. it is not working .. all the time, no matter what I use. + +my question is not about the strategy and whether it is legit or not. my question is why would a strategy that is profitable for 13 years fails in the next 5 years? +Hi All, + +I am experimenting with MT4 strategy back testing some mechanical trades I wrote. i came across many strategies that were profitable when back test them between 2000-2013. then when I wana test them out of the sample,2014-2018, they fail badly! + +I am not optimizing the strategy even. just default values of the indicators. I use daily time frame.strict money management rules. risking 1% on each trade and using ATR based stop loss and take profit. it is not working .. all the time, no matter what I use. + +my question is not about the strategy and whether it is legit or not. my question is why would a strategy that is profitable for 13 years fails in the next 5 years? +In the battle field of the Forex markets, the impulsive waves are the nukes. It's where the dreams are dashed, and the fortunes made. + +&#x200B; + +A lot of money can be made trading impulse waves. It's hard to overstate how much can be made by a person who becomes good at catching these moves whilst also filtering out losing trades. There is a lot of opportunity, but as with most opportunities, there are a lot of people trying to take it. This means price action tends to get particularly deceptive as we approach the start of the impulse wave. It requires good planning and proper execution to benefit. + +&#x200B; + +To make sure everyone is on the same page with terminology, "impulse" waves are the big trend moves. The ones that really take the market from one point to another in a short period of time. They're the ones everyone talks about just after they have happened. They are usually the product of some catalyst event. This could be expected news, it could be shock news or it could be other catalyst. One thing is consistent, they are the big moves. + +&#x200B; + +Whenever you see people posting "WTF just happened to XXX/XXX", it was probably an impulse leg. Which sadly, is rarely the answer given. Usually the answer is more obscure and something that gives the impression you can not plan for. As if a person would have to be able to calculate unfathomable amounts of data to have any clue price could make a large move. It's not the case. I am not that smart, and I can spot an impulse leg forming often enough to do well. + +&#x200B; + +These are the entry spots I am looking for in a downtrend. + +[Bearish impulse legs](https://i.redd.it/4kv222950ge31.png) + +&#x200B; + +I will be using a very low risk style of trading. Trading infrequently, and risking 1% to 1.5% over my net position at any time. This will also account for me possibly being stopped out a few times. Which means I will really be engaging the market in risk amounts closer to 0.5% at a time. I will focus on specific pairs for as long as they show suitable trending properties. This should give me results that are flat a lot of the time and then have big spike ups when I hit impulse legs. + +&#x200B; + +See current results below. + +&#x200B; + +&#x200B; + +[Current Results ](https://i.redd.it/hiyk91ja1ge31.png) + +&#x200B; + +I'll post updates on trades I take and explain more about my analysis and positioning for them. You can learn about some of the things I am using for entering into trend corrections in others posts I have here. See the following, [\[2\]](https://www.reddit.com/r/Forex/comments/cko0d1/shorting_noobs_tweaks_improvements_and_parabolic/) [\[3\]](https://www.reddit.com/r/Forex/comments/cks8q1/shorting_noobs_problems_proofs_and_fine_tuning/) [\[4\]](https://www.reddit.com/r/Forex/comments/clbxk2/shorting_noobs_common_trend_following_mistakes_im/) +Hello Everyone , + +I was wondering if there are people in this subreddit who work or have worked in a company as a FX trader and wouldnĀ“t mind sharing their experience ? + +IĀ“ve been live trading on my account for a couple of months now and have been enjoying it so far and was wondering how the work floor generally looks like and if people have enjoyed the trading environment . + +So I'm in my freshman year and I want to get into trading. My dad introduced it to me, but his strategies aren consistent I've found (right now he's down $12,000 and says it's going to go up... yea it's not any times soon). I've seen content from "Reyner Teo", but I don't understand a word he's saying because I know nothing about trading. I don't want to have to worry about money and work a minimum wage job on top of school later so this is something I really want to learn. I don't need (or expect) to make a million dollars or something crazy but I do want a good second source of income later in life. I'm currently using a demo account and plan on using it until I'm very good at trading. +To my fellow highly regarded investors, + +&#x200B; + +The ticker, BBBY, is a very volatile and dangerous stock to buy at this time. As the SEC Says, you should not listen to folks on the internet and never should buy things such as, 'Meme Stocks'. There is also no such a thing as 'short squeeze', the market was built on the backs of the working class and is made for YOU to be successful. + +&#x200B; + +Please be careful with your money. I have taken it upon myself to prove to you this is a bad investment. I have invested $100,000 into stock and an additional $20,000 into calls that expire next friday. Please learn from this very bad stock play. + +&#x200B; + +Your fellow highly regarded investor sends his regards. + +&#x200B; + +https://preview.redd.it/ox1vrol2gah91.jpg?width=2208&format=pjpg&auto=webp&s=70220c43274ec9353f55af76a5710682708eeeab +Here is the game: +You are not allowed to know the price of BTC for exactly 1 week. You can't check it at all for 1 week. + +Then, in exactly 1 week come back to this thread with a guess on what the current price of Bitcoin is. + +Once you have guessed, you may then know the price of BTC. + +Your prize for completing the challenge is: +- long nights of sleep without any stress. + +Ok time starts NOW. + +See you in a week. +This is the search link for today: [https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=all&startdt=2021-05-07&enddt=2021-05-11](https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=all&startdt=2021-05-07&enddt=2021-05-11) + +A lot of 13F's came up, showing us where \~800k of our beloved stock is, but also quite a big PUT position for CTC LLC. They also have a call, but it's smaller. + +Also a IBKR quarterly report showed up. Here's a little quote: + +>*ā€œShort Squeezeā€ Antitrust Litigation* +> +>Since late January 2021, more than three dozen federal class action lawsuits have been filedĀ in different jurisdictionsĀ against various brokers and other market participants claiming that the defendants acted improperly in restricting trading in the shares of and options on **GameStop** Corp. and other companiesĀ that were subject to unusual trading in January 2021 in what has been referred to asĀ the ā€œReddit-related short-squeezeā€. Most of theseĀ cases assert federal antitrust claims, includingĀ allegingĀ an illegal antitrust conspiracy among the defendants, as well as various state and federal securities-related claims.Ā IB LLC and its affiliates have been named as defendants inĀ nineĀ of these class action lawsuits. These cases have been consolidated into a multidistrict litigation (ā€œMDLā€), and were transferred to the Southern District of Florida on April 1, 2021 for pre-trial proceedings. All discovery has been stayed until amended complaints are filed, and issues regarding the timing of amended complaints and responses to the allegations therein will be addressed by the MDL court at a future date. The time for IB LLC and its affiliates toĀ respond to the allegationsĀ will likely be stayed during the pendency ofĀ the Judicial Panel on Multidistrict Litigation proceedings. The Company believes that the claims asserted against IB LLC and its affiliates lack merit on their face and the Company intends to file, at the appropriate time, a motion to dismiss any class action that might name IB LLC and its affiliates as defendants.Ā  + +\--------------------- + +Also used the shitadel search link: [https://www.sec.gov/edgar/search/#/q=citadel&dateRange=all&startdt=2021-05-10&enddt=2021-05-11](https://www.sec.gov/edgar/search/#/q=citadel&dateRange=all&startdt=2021-05-10&enddt=2021-05-11) + +Not much I can read there, mostly buying portions in investments firms, but a lot lower rate. + +\------------- + +Since I was there, I thought I'd look another term: **squeeze** + +[https://www.sec.gov/edgar/search/#/q=squeeze&dateRange=all&startdt=2021-05-01&enddt=2021-05-11](https://www.sec.gov/edgar/search/#/q=squeeze&dateRange=all&startdt=2021-05-01&enddt=2021-05-11) + +Some companies have the same phrase GME had in their filling. + +For the others, this seems like a new added phrase for "Just in case" + +>While we have no reason to believe our shares would be the target of a short squeeze, there can be no assurance that we wonā€™t be in the future, and you may lose a significant portion or all of your investment if you purchase our shares at a rate that is significantly disconnected from our underlying value. + +This document has the definition of Short selling and short sqeeze in it, in legalese [https://www.sec.gov/Archives/edgar/data/0001006373/000008805321000420/df050121vit.htm](https://www.sec.gov/Archives/edgar/data/0001006373/000008805321000420/df050121vit.htm) + +**Look like Wells Fargo is pushing a false narative:** + +[https://www.sec.gov/Archives/edgar/data/0001081400/000119312521154925/d50560dncsr.htm](https://www.sec.gov/Archives/edgar/data/0001081400/000119312521154925/d50560dncsr.htm) + +>This was compounded by technical factors as some hedge funds were forced to sell stocks to protect themselves against a well-publicized short squeeze coordinated by a group of retail investors. + +BlackRock seems to warn about a short squeeze (just search for squeeze), aso there's more fillings from BR mentioning "squeeze", this is just one of them, and it looks like it's talking about swaps and derivatives.. this is way ahead of me.. u/atobitt?: [https://www.sec.gov/Archives/edgar/data/0001752019/000119312521156447/d732236dn2.htm](https://www.sec.gov/Archives/edgar/data/0001752019/000119312521156447/d732236dn2.htm) + +Take a look at what these fuckers say: Western Asset Diversified Income Fund [https://www.sec.gov/Archives/edgar/data/0001819559/000119312521148573/d16511dn2a.htm](https://www.sec.gov/Archives/edgar/data/0001819559/000119312521148573/d16511dn2a.htm) + +>To the extent that the Fund takes a short position, if such short position or strategy become generally known, it could have a significant effect on the Fundā€™s ability to implement its investment strategy. In particular, public disclosure may increase the likelihood that other investors could cause a ā€œshort squeezeā€ in the securities held short by the Fund forcing the Fund to cover its positions at a loss + +I may be stupid but it looks like they say they don't want to disclose their short positions. Dudes, **the best way of avoiding a short squeeze, is to avoid shorting, not to avoid transparency!** + +So it looks like "squeeze" became a more and more usual word on the SEC filings. Will include this is my daily searches (I know I don't post daily, sometimes it's not much to see) + +Do what you want with this info, could be nothing, could be good DD starting point for more wrinkled brain apes, I just like to search [SEC.gov](https://SEC.gov) and this is no kind of advice, this is written on the SEC website + +Obligatory: šŸš€šŸš€šŸš€ + +&#x200B; + +Edit: Okay, so I thought I'd give it one more try with "short positions": [https://www.sec.gov/edgar/search/#/q=short%20positions&dateRange=all&startdt=2021-05-07&enddt=2021-05-11](https://www.sec.gov/edgar/search/#/q=short%20positions&dateRange=all&startdt=2021-05-07&enddt=2021-05-11) + +Take a look at what these fuckers say: [https://www.sec.gov/Archives/edgar/data/0000898745/000089874521000361/sp20202054globalmulti-stra.htm](https://www.sec.gov/Archives/edgar/data/0000898745/000089874521000361/sp20202054globalmulti-stra.htm) + +>When taking a short position, the Fund may sell an instrument that it does not own and then borrow to meet its settlement obligations. + +**They SELL before they Borrow! WTF?** + +Edit 2: Adding other fuckers with other interpretation of short selling: [https://www.sec.gov/Archives/edgar/data/0001314414/000158064221002289/biondo497.htm](https://www.sec.gov/Archives/edgar/data/0001314414/000158064221002289/biondo497.htm) + +>A short sale is a transaction in which the Fund sells a security it does not own or have the right to acquire (or that it owns but does not wish to deliver) in anticipation that the market price of that security will decline. + +**WTF?** +## Update: +In addition to the post length minimum below, we are also imposing a temporary account age restriction for making posts. Everyone can still comment, but new posts will be restricted to only users with an account age of at least 4 days. This is because we're seeing a ton of spam from brand new accounts, grifters, charlatans and scammers and most of it is coming from accounts less than 4 days old. Also, please see /u/lykosen11's post in the comments below. Thanks! + +## Original Post: + +Hi everyone, + +In light of the gigantic influx of new subscribers (woo!) we need to impose a temporary length minimum on posts. There are just way too many posts for us all to filter through and remove all the junk so we're restricting posts to only the highest quality which usually comes with increased post length. The minimum is not very high, it's 560 characters and will stay in place until things are back to normal. We hope this will cut down on all the repetitive "OMG U GUYS LOOK AT GME?!!!?!!!11!!" posts and brand new people asking questions that are [easily searchable](https://www.reddit.com/r/StockMarket/search). + +So for the immediate future until things settle down around here, keep your posts long enough to justify some insightful discussion. Some things that would be great to have around here: + +- High quality DD including bull cases, bear cases, timeframes, entries, targets and stop prices, sourced with legitimate sources +- Trading ideas including technical analysis, lists of tickers to watch, marked up charts, etc +- Analysis of current news/events in the market +- Writeups for newbies on basic topics like how options work, how to select a broker, developing a trading strategy, etc. + +There are plenty of other things that will meet this length minimum but the main goal right now is just to cut down on the junk posts. If this doesn't help we might need to raise it further, but I think 560 is a good limit for now; it's basically four 140 char tweets which should be at least a paragraph or two. + +Note: All other sub rules still apply, and additionally if you try to circumvent the filter with funny business like "aaaaaaaaaaaaaaaaaaaaaaaaaaaaaa1111111111111111111111122222222222222222222222222hdfgkhjg kjhdgf lkjshdfg kdjfhgl ksfdhglkhg YOLO GME!" to get to 560 chars, we will hit you in the head with the ban hammer and if we can find you, perhaps a literal hammer :-D + +Thanks homies, keep the good stuff coming! + +I'm very confused as to what the hell the current markets are supposed to be. The only thing that matters seems to be predicting what the federal reserve will do. + +None of this makes sense to me as a young investor. By literally every marker we are in the biggest market bubble of all time, and many experts are talking about it. Yet this is somehow just the new status quo. + +It's no longer about investing in how good the actual economy is doing, is it? I mean if you were sitting there in summer of 2019 before the virus started to become known, and I came to you in the future telling you there would literally be lockdowns and economic shutdown, what would you do? + +You would sell many of your investments, maybe even short the market. Warn people of what's to come. This is the rational decision, isn't it? Things go up, and they also go down. What the hell has happened? + +But actually the federal reserve decided to prop up the markets at the expense of savers and the dollar itself... so what was the point of speculating on the economy? It didn't even matter that we had a literal pandemic (or atleast the response of one), asset prices just went up and up. + +Which leaves me very confused. Obviously you can't just create wealth out of nothing, there is always a downside to QE and that is inflation (more specifically, loss of purchasing power). + +What the hell happened to the markets, how did we let it get this bad? Why would the fed not use QE to turn a crisis into a less painful downturn, instead of creating so much new money that they somehow turn a shutdown into a bull market? + +Am I going crazy here? We read the statements made on Friday and the Federal reserve STILL is scared to stop pumping money into the market. But nobody's doing anything about it. How did things get this bad? No bubble resolves sideways. This is no longer investing, this is gambling. +Not sure if it's just me but it looks like a lot of people quickly realise now that crypto isn't some Messiah coming down to Earth to save us all. + +The game is rigged and it doesn't matter if it's stocks, crypto or whatever. At the moment they all trade in tandem. Big Wall Street guys, VC investors and the house always wins, we are just sitting a watching it trying to hop on the back of that wave to ride it with them, that is the reality at the moment I'm afraid. Decentralisation is just a slogan for small folks like us to get tricked and start investing during the FOMO phase. + +Crypto still gives a lot of opportunities especially if one is lucky enough to get on a project early at a very low price but there are so many scams out there that it's becoming harder and harder. And I think that the sooner people realise that this space is completely rigged the better. Whales are accumulating like crazy right now and they'll just dump it on us and freshies once the new FOMO kicks in during the next cycle. + +Governments are blocking projects left and right, imposing regulations and it isn't looking very good, to be honest, oh and CBDCs a probably our future too which is extra scary. Your thoughts? +So my friend recently told me that she met with a friend of a friend of a friend who is FIRE at 26. She's telling me this person now meets with people to teach them how to get financially independent as well. + +My friend couldn't answer some initial questions I had (where is the income coming from, what investments are generating said income) which I get, but I still feel like this is some kind of scam or something. + +Has anyone in this sub experienced something similar? Or have any other good questions I can ask to see if this is legit or not? I don't want my friend to be scammed, but if it is legit I don't want to pass a good opportunity. + +Many thanks, friends + +UPDATE: Texted my friend, she said she just got done reading Business of the 21st Century so it's a definite MLM. We did it Reddit bake em away toys +Hey everyone. I'm 22 years old, I have a 50k cash reserved for an emergency, checking balance, car fund and fun fund. This 50k is sitting in a HYSA earning 3%. Currently making around 80K a year pre-tax. Maxed out my Roth IRA every year. Contribute 15% towards a company 401k. Expenses are around 500$ - $600 which leaves me a ton of money to work with each month. Not a huge spender, and I budgeted money that I allow myself to fund hobbies and going out around 200$ a month. I still have about 2000$ a month I would allocate towards savings. I really don't have any major plans of purchasing a house or anything (maybe in about 8-10 years from now). I also don't have any debt to worry about. Car is also working fine. My question is that that does it make sense for me to dump all this money (2000$ a month) in an S&P500 fund for the time being, at least until I know what I want to do with it? I know I want to invest it, as 50K for me is more than enough to have in cash reserves. But technically speaking would buying S&P500 index funds monthly be a good move for me financially and tax wise? +Everyone I work with and people at other companies that I've talked to didn't know this and have been double paying every year. + +Note that not every situation is the same so please double check everything for you personally. + +Anyway, to summarize, when you receive stock from an Employee Stock Purchase Program, your company generally includes the discount (e.g. 15% of the total or whatever your program is, and possibly more if you have a lookback provision) on your W-2 income. However when you sell the stock, and you import your consolidated 1099 from the brokerage, it will also include that discount in the capital gains income. The cost basis will be the cost of the stock when it was deposited. + +Therefore if you just click through everything and submit your taxes without changes, that discount will be doubly included in your income. + +What you want to do is look in your consolidated 1099 for a 'supplemental information' section, though sometimes it's sent as a separate document. This will tell you the 'true' cost basis which is the reported basis plus the W-2 reported addition. This is not included automatically in the reported 1099 data because not ALL W-2s include the discount. So you need to manually edit that 1099 and change the cost basis to the one in the supplemental. + +Voila, you reduced your tax burden by potentially thousands of dollars. + +Note that if you did not sell right away (my preference is to do so), you may have additional profit/loss that isn't included in the discount and is just additional capital gains/losses. The cost basis could still be higher or lower than your sell price in that case. + +EDIT: I see several people saying the discount is listed on their W-2 as code DD (in the box 12 area). That is NOT related to the ESPP. It's the cost of your employer sponsored healthcare. The discount is likely to be included in the Box 1 amount but not broken down on the form. I would expect to see it in Box 14 if anything, but this is definitely not always the case. For example, my employer does not put anything there. +Hey everyone! Just finished an annual review of my personal finances, and progress towards FIRE, and I thought I'd share all my juicy data because: (1) we love charts and graphs, (2) to start a discussion and see if you can learn anything from me or if I can get any advice from you (3) to blatantly ~~humble~~ brag. + +# Life situation: + +**30M**: Engineer in Big Pharma, 100k salary, 10k bonus. **28F:** Registered Dietitian, 46k salary (until this month! just got promoted). Discovered MMM and FIRE in 2014, been working towards it ever since. Wife isn't nearly as interested in retiring early as I am, but is fully onboard with the reasonably frugal lifestyle (more below) + +# Data: + +[Total Balance of Retirement Accounts.](https://i.imgur.com/9Gfa9PC.png) + +[Monthly Cash Flow Summary.](https://i.imgur.com/DrY6JPz.png) (<- Graph I'm most proud of) + +# Discussion: + +First: For all you folks new to the FIRE community... when you look month by month, it might be hard to see progress. But it's amazing how just 4 years later looking back I realize I went from $90k to $400k in cash + investments. You don't *feel* it while it's happening, but when you look back you'll be like "Holy Shit!". + +It's really fun that I can start to see the exponential shape of my retirement account balance account. + +We currently spend about 65k a year, or $5.4k a month. I'm very roughly *aiming* for 1.5MM as my "FIRE Number" but this is conservative: I expect retirement expenses to be significantly lower (no mortgage?), and my wife will very likely continue to work for a decade or so after I retire, and by then her salary would probably cover all our expenses even without a fat stash of investments. + +As you can see our savings rate is about 50%. Some interesting things you might note about the cashflow graph: + +* Huge income spikes are due to annual bonuses and 3-paycheck months (mine and wife's happen at the same time) +* Food expenses are now above $1k a month. Eating out as much as I do is definitely a conscious "splurge" area. +* Travel expenses are pretty low, despite the fact that we travel all the fucking time. We take 4-5 "long weekend" domestic flights a year. This year we visited Denver and went camping in the mountains, spent a weekend in New Orleans, spent a weekend in NC, and a weekend in LA. All flights were purchased entirely with free miles from churning credit cards, so the main expense is AirB&Bs. We also spent a week at the beach on in-laws dime, and I spent a week a a music festival (just $340 for tickets plus camping pass) +* My 401k contributions spiked up massively this September. I've started going full throttle for my mega backdoor roth strategy, and by the end of the year wife will have contributed $18,500, and I will have contributed $37,000 + $5,000 match. +* In fact, while I still work towards truly maxing out the mega-backdoor roth, *all* of our retirement savings are in tax sheltered accounts. I'm going to keep doing this while there is space, and while I'm still 2+ years away from retiring. +* "Additional savings" includes some extra mortgage payments. I consider extra payments towards my mortgage diversification, kind of like the bit of money I put into bonds instead of stocks every month. I expect to be mortgage free when I retire. Currently have over 50% equity (150k). EDIT: I'm also on a 15 year mortgage. My $1,800/mo payments are included in my expenses. +* Emergency fund consists of all the buffer cash in our checking and savings accounts from which we pay all our bills. about 30k. + +# Lifestyle + Future Plans + +Cheap janky cars. I bike the 5 miles to work when it's nice and I feel like it. Middle unit, $275k townhome, starting to see our friends moving from their $200k-$300k "starter homes" to $500k+ homes. We don't currently have plans to move. \~50% possibility of kids in the future, if it happens it will likely be timed with my "retirement" / "becoming a stay at home dad". Cheap hobbies: board games, fitness, reading, podcasts, hiking, traveling w/ free flights, drinking cheap booze with friends while grilling meat and veggies. I'm into mindfulness, introspection on what actually gives happiness, and lazy or entry level "minimalism". We love learning about fitness and nutrition. Now that I look at it, basically our approach is: learn how to "optimize" everything, then back away from the *extreme* version of that optimism, which usually requires sacrifice in other areas of life, and simply incorporate the philosophy to such an extent that it feels like a good balance between the advantages and the disadvantages. We take this "moderation" approach in: + +* minimalism +* fitness +* healthy nutrition +* transportation (We still have 2 cars, but they are cheap and I bike to work when I can, but not when it's cold!) +* frugality + +In general, I think this makes for a great way to tackle the "build the life you want, then save for it" approach: we have built a lifestyle that makes us almost absurdly happy, even while working, and are saving so that we can keep the exact same lifestyle going without having to work. Oh yeah we also have an [adorable dog.](https://i.imgur.com/7STWxSG.jpg) +100% of portfolio is in crypto. + +Entered at the beginning of December and did not move anything during the crash. Been reinvesting and hodling ever since. + +Which in total fiat value is not much, pre-dip was 50% bigger, but is my ticket to long term economic freedom. + +Although I'm thinking in diversifying in the future, once I get a bigger chunk of value from hodling a few years in crypto. + +Ride the crypto wave my dudes. + +Let me just say something else so the fucking autobot doesn't kill my post. + +That is all. +This is not financial advice, just some thoughts that came out while I was chewing my crayons for breakfast. If I'm wrong about any of this, please help me grow a wrinkle by correcting me in the comments. + +The free float is about 30M shares. + +Official short interest is about 20% (16M). + +We have about 10M shares DRS'ed. + +That leaves only 4M shares out there being recycled to service short obligations (and some of them are in foreign countries like Germany that don't allow lending customer shares). That, my apes, is a short squeeze. Hooray, but no dancing. + +But... MOASS theory says that the real short interest is more like 200% or higher. So... Why has the borrow fee only NOW been going up? Why are we only RECENTLY at 100% utilization? + +There can be only one answer: **because hidden shorts don't contribute to borrow fee or utilization.** + +It's only when DRS + reported SI got close to the full free float that borrow pressure went anywhere. And it's only the lit exchange borrow fee that triggers margin calls. + +As Carl Sagan said, "what's the difference between an invisible, incorporeal, floating dragon who spits heatless fire and no dragon at all?" In other words, what's the difference between shorts that don't contribute to triggering/sustaining the cascade of margin calls, and no shorts at all? + +In terms of the short squeeze, **the hidden shorts may as well not exist**. They only matter during an individual margin call, when *all* positions have to be unwound and they basically turn into bonus buy pressure. It's possible that we don't even get to most of the hidden shorts until Citadel gets margin called, which is at the end of a long chain of dominoes and a very high stock price. + +The VW squeeze in 2008 peaked when Porsche sold 5% of their holding - more or less 5% of the free float. For $GME the equivalent is just 1.2M shares. + +This is scary to me. + +If only official SI and DRS matters for triggering/sustaining the squeeze, and the squeeze can end when just 1.2M of our DRS'ed shares are sold... **The only way to reach GMEFloor ($95,718,057) is if no one sells on the way up.** + +**TL;DR: the only numbers that matter for the squeeze are the DRS count and official SI. Which means to sustain a squeeze, everybody has to keep HODLING on the way UP.** + +So my mantra these days is: "I will not sell on the way up. I will not sell until each share is worth 7 digits, Kenny and co go to prison, or both. I will not sell on the way up. I will not sell on the way up." I hope you consider saying the same. + +EDIT: u/bobbos2020 pointed out that it sounds like I'm saying it's OK to paperhand non-DRS'ed shares. It is not OK! Margin call trigger comes from (borrow rate) X (stock price). You want those numbers to be as high as possible. Selling from anywhere pushes the stock price down, selling from CS additionally lowers the borrow rate. + +TL;DR stays the same: MOASS relies on apes hodling strong on the way up. +Companies like Google, Microsoft, Amazon, IBM, etc. offer 5-15% discount on their stock if you work for them. Assuming you abide by day trading rules and wait a few days can you sell and reap the profits from the 10% discount assuming you sell on a green day? +Q1 EPS $0.02 vs est. $0.04 + +Revenue $446M vs est. 443.38M + +&#x200B; + +GUIDANCE: Q2 2022 revenue $470M vs est. $483.84M + +Company is trading at 12 P/S before market open. For this growth, that valuation should be half if not less. +[https://blockworks.co/tesla-leaves-door-open-for-resumption-of-cars-for-crypto/](https://blockworks.co/tesla-leaves-door-open-for-resumption-of-cars-for-crypto/) +What am I missing with SBUX? They already are incredibly established in their market; they donā€™t have that much more growth potential. Other food companies like Wendyā€™s and McDonaldā€™s have p/e around 30, yet SBUX has has over 4 times that at 142. Why do people think they have that much potential? Call credit spreads seem like a good play on their earnings in the following weeks, but there has to be something Iā€™m missing. +It seems like the shares shoot up to the buyout price and drift around at that level until the sale is completed. But I can't imagine there's a big demand for the shares. Is there somebody that steps in to buy them? Or maybe since the price is almost guaranteed there are people willing to buy them at a small discount to the buyout price? + +Also what happens to the option? Especially if you have ones that aren't in the money. +I'll try to keep it short. When I first joined FIRE, I was reading blogs like early Mr. Money Mustache. In conversations on here or /r/personalfinance, it was common to mock American consumerism, and concepts like "I got a raise so I deserve to buy myself something nice". These blogs would frequently tabulate the cost of a comfort activity like getting coffee everyday, and show the cost over a year and compare that to if you invested that in the S&P500 over 30 years. In almost a patronizing tone, the discussion was essentially "Are you really a baby that needs coffee every day? Or do you want $15k more in your 401k when you retire?". The same was repeated with new cars, consumer electronics, fancy date nights, eating out, expensive vacations. The movement advocated for tiny houses, or alternative living solutions and regarded you as stupid if you paid for market rent in a desirable HCOL city. + +As I browse this subreddit now, it seems that a lot has changed. Somedays it seems like up to 50% of posts with more than 100 comments are about burning out of FIRE, about being frustrated and feeling lonely. Most of the comments say things like "hey, you've gotta enjoy life a little, don't be afraid to treat yourself now and then". Judging by upvotes, it seems like this is the prevailing trend of thought. I'd argue that this new mentality is distinctly different from the old one I remember. The sidebar here says this subreddit is about (among other things): + +>Simplifying and redesigning your lifestyle to reduce spending. Your wants and needs aren't written in stone, and less spending is powerful at any income level. + +>Striving to save a large percentage (usually more than 50%) of your income to accelerate achieving FI + +Going by the conversations here, I'd say that a significant proportion of people in the discussion do not agree with some of these founding principles. It seems to me that the movement has been watered down a bit, from a very engineer-y mindset of life hacking, having a stoic philosophy, and doing an extreme min/max on your financial life, to basically /r/personalfinance2, or a couple of vague bullet points that you'd see on a Chase web page about budgeting: "Try to save 15% of your income, even if you have to drive that car a little longer! But if you feel embarrassed around your friends, treat yourself and get a new car!" + +I'm just wondering if anyone else has seen this, because it's been a while since I've seen a discussion or post on here that really speaks to the lifestyle/journey that I'm on, which is more in line with the FIRE from a decade ago. Are most people who hopped on then burning out? +(This text is lifted from Yahoo's Mile Udland... + + Lately, the Buffett Indicator has been flashing a warning sign about the stock market. Many outlets have been reporting on this including [Fortune](https://newsletters.yahoo.net/T/v600000178c5a78487a7e58af4bbcf6cc0/e8ea15ecd6a74ec50000021ef3a0bcc3/e8ea15ec-d6a7-4ec5-a503-42e442706998?__dU__=v0G4RBKTXg2GvzBXXO0iqzhQD4bfSOAnZx&__F__=v0fUYvjHMDjRPMSh3tviDHXIoXcPxvDgUUCCPvXMWoX_0h_ycLATMmA74F-F1yt25GHRl4JfJ4tsfa9wWEub4jG7zMio_6LJJb2oRbDy0RZJLax7yo-KZlqfuSLDp_nBvZJaryEaEYoaq9fmBB7sXnE07AGPcn7d9FovzcWEYQF8cHxxc_mYEUZUFQ-KFVvXFkcXdJNS-fVgNw6BcByZEQ7V7R7b90sPQpPoVHFAMpSUjGKq-RMonZa82ZtRnzL-MbHnsZ8U9UEP4ZoCSFBkwYux7FWg_afvbzZb26tc-5uk9t8MdW0aN9SrRJJzL03PU9WpkebAXeOGP69ClWDufftUqLZfToD7a7RadAeXRimMs=), [Bloomberg](https://newsletters.yahoo.net/T/v600000178c5a78487a7e58af4bbcf6cc0/e8ea15ecd6a74ec50000021ef3a0bcc4/e8ea15ec-d6a7-4ec5-a503-42e442706998?__dU__=v0G4RBKTXg2GvzBXXO0iqzhQD4bfSOAnZx&__F__=v0fUYvjHMDjRPMSh3tviDHXIoXcPxvDgUUCCPvXMWoX_0JoZLAZABQF8G5gOH5oFN1N6-YCrc_3ImoVgYYBTu8FLbZPH2jWToOAY1ykR2rF2I3lg9rMgDpPCZfsW1QZr17VYRAHphrfJHhf-g17y6llmost-4BuGRbIui7E6YRKtV-YvMVKW5g8w1juDmtjTbKBS5o8DWw7zXPWhnyvMmFRI5SUjxNk3Y_R4GNs4J4wf5Cj7IzE91lfTlVApqmr2APj7drBut5GMaWk_bdZMloV8tbO0p0IuS3yqVwsfLq5VIcyVQreoYCkzysf8GigLUv4pQqAVE4Glo5IQlExjnWj_gk-vFO3zSLz6mqV06esArh3UfYJCjUoO6u5Cx_GZL8Hb51EA1e6P0aMiJk-Et9vw==), the [Wall Street Journal](https://newsletters.yahoo.net/T/v600000178c5a78487a7e58af4bbcf6cc0/e8ea15ecd6a74ec50000021ef3a0bcc5/e8ea15ec-d6a7-4ec5-a503-42e442706998?__dU__=v0G4RBKTXg2GvzBXXO0iqzhQD4bfSOAnZx&__F__=v0fUYvjHMDjRPMSh3tviDHXIoXcPxvDgUUCCPvXMWoX_0JoZLAZABQF7wXGB2i2hJCp5RWi4lFENaxYbyytCCLJfOLYylCPNT9QIoDIFSvGzH-7nCKyNTUXDEA8ud7J6AhmPsXKHslxoMEQR09WGLN9-qTDWfPiuQbGbXqTFX39-ltFF9t0uwGKweLQ2ONlGv1eh24tR5n5fMyuf5xa6s_Kg8NZGZsUXN0a0IlXIJoMDFROoFDBhrUUZr6O3emVySIDr7ah2CwgZCjilqzujFN98Ibvh0PsML0MgNy9rOlNu5qxpSVpnsgB5DDjCsCWRUsccLpZp5wxLxQpR2IZgx5bsC3uT6Y1VITjuQeM5XGRA-BJnchazxAaw==), [Business Insider](https://newsletters.yahoo.net/T/v600000178c5a78487a7e58af4bbcf6cc0/e8ea15ecd6a74ec50000021ef3a0bcc6/e8ea15ec-d6a7-4ec5-a503-42e442706998?__dU__=v0G4RBKTXg2GvzBXXO0iqzhQD4bfSOAnZx&__F__=v0fUYvjHMDjRPMSh3tviDHXIoXcPxvDgUUCCPvXMWoX_0k4eFf_MPpUTFG4rtuyTPC2eRLvCadm765hsB4DPcAzxK_amiccckrOfz-fukvt5lf2NPwxnPMRp8nWHGdiWOvJG5U12GMT9c4Om_-QOzM-mj0RG4sSzwluCv19oT3tSbT-zAwBweyhU8Jk8n9n2SuoDWSOqJIoI9BJvi1QVYYGveiScNnK8mnPduvH8zkBGDY1Ok7OMgFkpp2CDK4WUhKLrN8sndv6TXnIbIm_nYRdOLx66EaMtmsGIKfn1No5ofGLfypOjV7Sh_2yRqdChanzGoUjLAYRfhwkI9hlELJ1jFHDdVksz8ini3-yOkxR6CdKxCP2NP7Y3eTYQTXtvJYFxghZMlxoQVq6XbAE9-WkgA6WGmmqmZe1rVNQewrmuQ=), [MarketWatch](https://newsletters.yahoo.net/T/v600000178c5a78487a7e58af4bbcf6cc0/e8ea15ecd6a74ec50000021ef3a0bcc7/e8ea15ec-d6a7-4ec5-a503-42e442706998?__dU__=v0G4RBKTXg2GvzBXXO0iqzhQD4bfSOAnZx&__F__=v0fUYvjHMDjRPMSh3tviDHXIoXcPxvDgUUCCPvXMWoX_0JoZLAZABQF2DXUp4QoVc3pGU0vQ8fpRdlxfLzxecrNRZkbaW_Twl1vRs8om1BhwAmX7FtUGa9exBNkj-PQEbkhlZDPi9k9HkWCImOTqKXOHTuirvmr8_hhQqzdrsrNnB5JP_xgzzZdQUuaPA1sO81z1oZ8rzJhUSOUlI8TZN2P0eBjbOCeMH-Qo-yMxPdZX05VQKapq9gD4-3awbreRjGlpP23WTJaFfLWztKdCLkt8qlcLHy6uVSHMlUK3qGApM8rH_BooC1L-KUKgFROBpaOSEJRMY51o-3R9TgPupakXtjDtLg4KkvNpM7xyFH5RoAtITlItj4H4FGWH0K6XazGjIiZPhLfb8=), and even [Yahoo Finance](https://newsletters.yahoo.net/T/v600000178c5a78487a7e58af4bbcf6cc0/e8ea15ecd6a74ec50000021ef3a0bcc8/e8ea15ec-d6a7-4ec5-a503-42e442706998?__dU__=v0G4RBKTXg2GvzBXXO0iqzhQD4bfSOAnZx&__F__=v0fUYvjHMDjRPMSh3tviDHXIoXcPxvDgUUCCPvXMWoX_0h_ycLATMmA01sxpLB0wX6whu-HQ-wwvTrxxEx49TENwU7MB96XCTisreFMdV5p6z12kJm0UWjrxkbxw8E0tXcivLqbqOAGDQdhkQiR_ZaW9xRX2v8A1lBLYDHkYIhEnh3rhSOLVaYGSAcb-a9wOdKdX_JvOiO_fyp8L8agwKBx9MhyDZxAAlqVqAVTb6SM21OwBj3J-3fRaL83FhGEBfHB8cXP5mBFGVBUPihVb1xZHF3STUvn1YDcOgXAcmREO1e0e2_dLD0KT6FRxQDKUlIxiqvkTKJ2WvNmbUZ8y_jGx57GfFPVBD-GaAkhQZMGLsexVoP2n7282W9urXPubpP9jiTU6rTVkyCLBGdnlAG-RaokhF9-sA59yfEd4DMuAj2t0aNvSEpJ0WnQHl0YpjL). + +For those catching up, the Buffett Indicator is the value of a country's publicly traded stocks divided by its gross national product (and [different](https://newsletters.yahoo.net/T/v600000178c5a78487a7e58af4bbcf6cc0/e8ea15ecd6a74ec50000021ef3a0bcc9/e8ea15ec-d6a7-4ec5-a503-42e442706998?__dU__=v0G4RBKTXg2GvzBXXO0iqzhQD4bfSOAnZx&__F__=v0fUYvjHMDjRPMSh3tviDHXIoXcPxvDgUUCCPvXMWoX_0JoZLAZABQF2Pso6IkHjsZUBe58OuN1fBFQrEtJQC8s2iPqlalbOuE2LYWmW-Qd8vgs-kyAohp369Yf6SJaItOXs6SO631JWTpVKWLCV0TQS2vfrWe41Z-orpzD0QvbMEfKbiPw9BwAZTKRs-4pbyL-d-sWbjId3AHdvSKKMA0PL2DMP9mxFXtsXrf0SKnooZkZGQHiBzgqiSqtinmvP_pIkBPU8YXglAcb9ib_MLq78o1UA7U25g2fBTiDGGRxdry-nXERnaFjZeHG2fgNKVM4nOSyuBlMAZeQ0Qj52ddmSy4dpqOnHn6lELmwtC-_8pQNx0vu-xAu2--S_QUnk3FH6D_xw0B0w7lR26CqJJbr9x1G72x4LMdeBMU-15vn-0=) people have [different](https://newsletters.yahoo.net/T/v600000178c5a78487a7e58af4bbcf6cc0/e8ea15ecd6a74ec50000021ef3a0bcca/e8ea15ec-d6a7-4ec5-a503-42e442706998?__dU__=v0G4RBKTXg2GvzBXXO0iqzhQD4bfSOAnZx&__F__=v0fUYvjHMDjRPMSh3tviDHXIoXcPxvDgUUCCPvXMWoX_0JoZLAZABQF-WevGckz2vtd57bmmo2XBEcY8RnRqTcQYRZ18Bhe_ZGNXcS1eO8VdjCbeZvLbHoZ7L90B5s6WVt-Z5_SdX9XsttFF9t0uwGKweLQ2ONlGv1eh24tR5n5fMyuf5xa6s_Kg8NZGZsUXN0a0IlXIJoMDFROoFDBhrUUZr6O3emVySIDr7ah2CwgZCjilqzujFN98Ibvh0PsML0MgNy9rOlNu5qxpSVpnsgB6sNc1f5bnyp_CjrsWrniji0FCUSHBMaygQ_SOLM0hFKh1gtPOPmTpmBJnchazxAaw==) ways of accounting for [those inputs](https://newsletters.yahoo.net/T/v600000178c5a78487a7e58af4bbcf6cc0/e8ea15ecd6a74ec50000021ef3a0bccb/e8ea15ec-d6a7-4ec5-a503-42e442706998?__dU__=v0G4RBKTXg2GvzBXXO0iqzhQD4bfSOAnZx&__F__=v0fUYvjHMDjRPMSh3tviDHXIoXcPxvDgUUCCPvXMWoX_0JoZLAZABQFzP4zRbJRmEwUdS3TsVmj3x7kJYWouDKenSu-8EKxO-e05iY4bWJ9I5tFF9t0uwGKweLQ2ONlGv1eh24tR5n5fMyuf5xa6s_Kg8NZGZsUXN0a0IlXIJoMDFROoFDBhrUUZr6O3emVySIDr7ah2CwgZCjilqzujFN98Ibvh0PsML0MgNy9rOlNu5qxpSVpnsgB8OYmw5SUHk6X7_6OzTzAU0r-xrgyDj5bkSlWPdbqQgxddleVR0_4GmBJnchazxAaw==)). This ratio first became associated with Buffett in [a 2001 interview with Fortune's Carol Loomis](https://newsletters.yahoo.net/T/v600000178c5a78487a7e58af4bbcf6cc0/e8ea15ecd6a74ec50000021ef3a0bccc/e8ea15ec-d6a7-4ec5-a503-42e442706998?__dU__=v0G4RBKTXg2GvzBXXO0iqzhQD4bfSOAnZx&__F__=v0fUYvjHMDjRPMSh3tviDHXIoXcPxvDgUUCCPvXMWoX_0IA9a7wNY25rl8tV_fdHJevgX4XXK3bkbhR1EACwxC6W0yX6FMpkcRzONmL3LsaWVYK4J6PRtpakiMvmNsT1thfmHLkDuETwz5RXvAIAE3EXIDdgq3EIwhBS5o8DWw7zXPWhnyvMmFRI5SUjxNk3Y_R4GNs4J4wf5Cj7IzE91lfTlVApqmr2APj7drBut5GMaWk_bdZMloV8tbO0p0IuS3yqVwsfLq5VIcyVQreoYCkzysf8GigLUv4pQqAVE4Glo5IQlExjnWjzXIAyillFdjYx-UeRDT9szfaQXyyksO9Q_-UFSaEwO3CERXsxFoCO4aMiJk-Et9vw==) where the investor characterized the ratio as "probably the best single measure of where valuations stand at any given moment." + +ā€ŒAt the time he noted, the ratio was very high in the late 1990's, portending the dot-com bubble which eventually burst. + +And now that this ratio is exceeding levels seen during that era, people are sounding the alarm again. Even [Elon Musk has put a spotlight on the metric via a tweet](https://newsletters.yahoo.net/T/v600000178c5a78487a7e58af4bbcf6cc0/e8ea15ecd6a74ec50000021ef3a0bccd/e8ea15ec-d6a7-4ec5-a503-42e442706998?__dU__=v0G4RBKTXg2GvzBXXO0iqzhQD4bfSOAnZx&__F__=v0fUYvjHMDjRPMSh3tviDHXIoXcPxvDgUUCCPvXMWoX_1P8SSwvgaM7Bj1wKVct32AolBBcZay-HEzaoyapfqnfxwkFyG8mskrFWcSxKL6t-4gwcFkILaiDU7AGPcn7d9FovzcWEYQF8cHxxc_mYEUZUFQ-KFVvXFkcXdJNS-fVgNw6BcByZEQ7V7R7b90sPQpPoVHFAMpSUjGKq-RMonZa82ZtRnzL-MbHnsZ8U9UEP4ZoCSFBkwYux7FWg_afvbzZb26tc-5uk_8pXILOkrL4VMED7D9xpcL45Credh1WBuyjRvNh-6Ts8cubat0bkyLRadAeXRimMs=). +I elected to continue my health insurance coverage (as cobra coverage) with my old company since I won't be covered at the new company for 90 days. The old company deposited my check for over 300 dollars (just coverage for April). Neither my benefits enrollment page nor the insurer website shows that I was covered for the month I paid for. I contacted HR about 3 or 4 times and spoke to someone each time demanding a receipt or proof that I was insured, but have not gotten anything. Did my old company steal this money from me? What can I do? (Note: I live in a new city and can't just stroll in there on my lunch break) +Canadian citizen here. C$ 5M NW. No kids. Married. We intend to retire early in LCOL provinces. Any one here who (Fat)FIRE'd in Canada here want to share their experience and what NW they felt like FI/RE'ing? The life style change will give me plenty of time to start my long time hobbies and possible become a local YouTube'er. +NW 3M+. +37 yrs + +1.7M company stock +400k SP500 +100k other stock +600k rental property +500k cash + +Salary is about 600k a year, after tax and cost of living maybe save 300k a year. Rentals brings in about 35k profit a year. + +Single but want to get married and have multiple kids soon. Rent the current place I live. + +I am a lawyer at a company. I would describe my position as comfortably middle management. I have enough direct reports to not have to bust my ass all the time, but I am not making millions or deciding core strategy. I could work out every day at the company gym, but average probably only twice. My weekends are generally free. I get in at 10am get off around 7-8pm, but I have control over my schedule. I work abroad (aka not in the USA) and the distance from my mom and friends and native culture drags on me. + +The work matter is fairly interesting, although I have been at the company for nearly 10 years so it gets old. I manage about 12 people in various locations. + +The company has its politics and there are turf wars and promotion is slow. My work environment could be better (aka not Google), but it is nice enough. I donā€™t have super close friends at work since most donā€™t speak English. + +I could FIRE and maybe even FATFIRE. But it seems most people donā€™t find it fulfilling and still want to do stuff. Also at my current rate I could probably hit 5M in 3-5 years. Also kids are expensive as heck abroad and having a job provides security and identity and is useful in dating... + +Now or later? Am I even analyzing things in the right way? + +Crypto has literally changed my life for the better. Thank you for letting me be a part of it. + +Rewind a year(ish). I live paycheck to paycheck and have no idea where all my money goes. I have literally $5 in a savings account, and the day before payday my bank account has <$200 in it. I have never had more than $2000 in my bank at any given time. I have tried doing all different kinds of budgeting techniques but I either get bored of it or the math doesn't add up and I still end up broke. + +6 months ago I dive into Cryptocurrency as a hobby, literally just something to do. I start putting more and more money into it. 50 bucks here 50 bucks there. I start to value my crypto more than I value my dollars. I literally pinch pennies to be able to deposit a couple more dollars each day. I start challenging myself, "Hey, if I pack a lunch instead of eating out I can deposit $7 today." Little mind games I played on myself and my portfolio started to grow. + +Three months ago I was able to withdraw about half my portfolio, $5,000, and pay off a 3 year old credit card debt. No way in hell I would have been able to due that with traditional savings or making payments. Today I have $13,000 in my portfolio. I still have less than $200 in my bank account at any given time because all my spare money goes to crypto, but it's better there than in my bank well, because I value it more than I value the money if it were in my bank. I decided to tally up all my deposits I have made in the last 6 months. It came out to be about $4500. Even if my portfolio made 0% or even lost some, I would still have more saved up than I could have possibly done without crypto. + +So, again, thank you to the crypto community, thank you for all of your help, thanks for the shillings (thank you antshares, btc, and nuls), thank you for quite literally changing my life. I don't have to worry about having a random car emergency and not being able to pay it anymore, I don't have to worry about not having groceries. I don't fight with my wife about money anymore. (I firmly believe crypto even saved my marriage.) I was struggling with depression because I wasn't a part of anything, I was going nowhere. Now I have my place. I feel like I am part of an alliance of people who are going to change the world. All because of crypto and the crypto community. + +tl;dr- Investing in Cryptocurrency made me less reckless with money and saved my life. +So i've always had a Commonwealth Bank account (thanks Dollarmites...) but I'm now looking at opening up an ING Orange Everyday account. I'm wondering should I keep the CommBank account for everyday transactions and have my salary paid into the high interest ING and then leave it alone. Or would I be fine to close the commbank account and use the ING for everything. I'll have to do the 5 monthly purchases with ING anyway... + +Just wondering how you all approach having multiple bank accounts, or not. Thanks +Hi guys, + +I have no debt, no intention of buying a house any time soon, no big expenses on the horizon... I'd like to invest and get a bit more than 2.5% in a savings account. + +But reading coverage about a "correction looming" in the sharemarket has me a bit spooked? Should I hold off a few months or look into shares overseas or government bonds instead? Or is trying to "time the market" a bit silly? +I feel like any time a discussion on high frequency trading comes up on reddit, the top comment is always something to the effect of "Financial Transition Tax. Slap 10bps tax on each transaction and kill HFT for good." +Don't get me wrong, I understand there are some real concerns to be had about HFT. The way I see it, it is both good and dangerous at the same time. But I don't understand why the outrage is pointed specifically towards high frequency trading. What separates HFT from other algo traders or day traders doing tech analysis that warrants the desire to completely slash HFT trading volumes? +This asshole is 35 and single still calling his mom everyday to talk to her Bc the big bad world is scary. + +The asshat yesterday showed my class what Economics can do to you as a major and he with his PhD showed off his Robinhood account. Dude has over $1.2 million and started trading this past year. + +Mf is the most socially awkward, and horrible professor that Iā€™ve ever had and he just Yeeted $20,000 at Robinhood and had over a 1,600% return. I almost asked to marry him to get half on the divorce and Iā€™m not gay. + +I almost want to give up on my major and just do economics even the he is god awful professor. Like dude has all this tendy money and he rents a damned apartment. +\*\*\*EDITED\*\*\*... My apologies, I messsed up the trade details. + +I was browsing some YouTube trading vids last night and happened upon one that I thought was interesting. It was about an "experiment" with an Investopedia setup involving a hammer candle play that a certain YouTube poster had done. I watched it and was quite impressed. + +Then, as I was going over some vid's last night trying to absorb and learn I saw this set up quite a few times. I thought to myself "I'm going to look for that on the SPY tomorrow. Sure enough!!!! + +There are some VERY smart people out there posting some great content. Very thankful. + +I am going to add a caveat to this post and to every post from here on out, especially for new traders: + +\*\*\* trading is hard\*\*\* if you're new to trading and think this is a way to make some fast cash... IT ISN'T!!! + +That mindset will cost you dearly! You are here b/c you are trying to learn. + +&#x200B; + +\*\*\* KNOW THIS\*\*\* I am no guru!! + +I am here b/c I like the interaction amongst fellow traders (you included) and I too am trying to learn and pass along what I have learned. My advice is to take what you are learning and papertrade the hell out of it! + +Back to the setup. If the hammer is preceded by a bearish candle, and the body closes in the top 33.33% of the overall length of the entire candle, and then is followed by a bullish candle, its a reversal sign. + +[Here is the setup](https://www.tradingview.com/x/NnqbECas/) +The vineyard had it's craziest year of real estate ever and it seems like there was a huge influx of fatfire types spending the winter and buying summer homes. Anyone here among them? + +We're here year round now with two small kids, always happy to meet new people with a similar mindset. Maybe if life is more normal we could get a few together for a beer this summer. + +Apologies if this isn't applicable to the sub but doesn't seem to violate and rules directly +There is no doubt in my mind that something else is coming this week. I, like many of you, were pleased to wake up July 11th and see the market place launch. + + +But thatā€™s absolutely only the beginning, and with the team thatā€™s running GameStop, thereā€™s a 100% chance that something else comes either this week or next. + +We either end Q2 with another bang, or begin Q3 with another bang! +Who the fuck is **Citron Research**? Well hereā€™s a fairly precise not too technical guide as to who the fuck these roaches are, so that the average retard on r/wsb with IQ in the -ve range can understand. Listen, english isnā€™t my first or my second language, i tried my best, suck it up if it ainā€™t good enough. + +**Citron Research** is a shady as fuck stock commentary website operated by Mr. **Andrew Left**. Now a bit on this autist. In short, Andrewā€™s a šŸŒˆšŸ», in long heā€™s a self proclaimed ā€œ*activist short seller*ā€. He was married to Ms. Andrea Left, *her username checked out*. His internet newsletter has been running for 17 years now, and apparently has 50 cases in the companyā€™s favor since 2001, do the math and you find out that he can fuckin time travel. Now, thereā€™s a lot of stock commentary websites, newsletters, tv shows and podcasts. Why has Citron Research become such a beacon to attract controversy? + +Why has Citron Research become such a beacon to attract controversy? Well, dear autists, the self proclaimed ā€œ*activist*ā€ weā€™re talking about here, who sees himself as a messiah against corporate fraud and market manipulation is reported by NYTimes as follows : ā€œHe can make a killing in a bear market while everyone else on Wall Street suffers.ā€ His methods of investment are rather questionable and has come under much of the financial worldā€™s scrutiny. + +Now, fellow autists, this part is very important. **This is his strategy**. Reported by NYTimes once again ā€œAfter he places a bet against the price of a stock, he then publishes research designed to torpedo the companyā€™s value, often by airing accusations of fraud or abuse. This is entirely legal, as long as what he publishes is not itself fraudulent. Left takes short positions in companies across a whole range of industries.ā€ Keep in mind we are talking about a man that shorted Tesla stock in 2018 and got mad when it didnā€™t go his way. So mad that he sued Tesla and Papa Elon for stock manipulation. [Source](https://www.cnbc.com/2018/09/06/short-seller-andrew-left-files-class-action-lawsuit-against-tesla-and-elon-musk.html). + +SERIOUSLY, THIS DUDE FUCKING SHORTED TESLA AT **$177**, ITS AT **$4,325** TODAY (Pre-Split price). If this wasnā€™t enough wait to hear the companies in his ā€œ*ambitious track record*ā€. + +Since all of you lack basic correlation skills to connect the dots, let me do it for you fucking losers. What is he doing with GME. Are we not seeing the same pattern here? He is publicly short on GME and is tweeting it. He is known for this kind of manipulation. When he noticed the price had crossed the $43 wall he made it public that he is short GME. He couldā€™ve scheduled the meeting immediately, but no. He scheduled it a day later, now this is perfect for the šŸŒˆšŸ» because, he is literally buying time. Buying time when alot of GME holders are in with their life savings on r/wsb. **24 HOURS IS ENOUGH TIME TO SOW THE SEEDS OF DOUBT AND CAUSE PARANOIA TO PEOPLE WITH THEIR LIFE ON LINE. BUT WHAT ARE WE GONA DO? WE ARE GOING TO FUCKING HOLD TO MARS**šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€. LATEST UPDATE received states that they chickened out of the livestream that was to be at 11:30AM EST. THEY NEED MORE TIME. THE SHORTS ARE SWEATING. THIS IS WORKING GUYS HOLD. + + +**SCANDAL #1**. Hereā€™s a notable event on this aucstivist. In 2016, this šŸŒˆšŸ» was banned from the Hong Kong stock market for 5 years over a 2012 report on the firm China Evergrande Group as a result of releasing a report containing ā€œfalse and/or misleading claimsā€ about the above-mentioned company. Forced to pay a little over $720,000 as fines on the profits and legal expenses. Heā€™s on his last string in HK, after his warning, he could end up in jail for violating once again. [Source](https://www.scmp.com/business/article/2038381/hong-kong-bans-short-seller-andrew-left-market-five-years). + +**SCANDAL 2**. This guy is what he swore to destroy at this point wait till you read this. Jumia Technologies ($JMIA : NYSE) is an online e-commerce platform founded out of Nigeria in 2012. They gained a fair amount of traction and went public in Apr 2019. It was received very well and rose from around $25 at opening to $41 within a matter of a few weeks. Everything was well until Shitron Research adopted a short position and saw nothing of its potentials. The report came in accusing Jumia of fraud, torpedoā€™ing the company downwards. It dropped till approx. $2.80. BUT GUESS WHAT, SURPRISE! SHITRON AND ANDICKREW šŸŒˆšŸ» said theyā€™re LONG ON THE STOCK. AND THEREā€™S **NO WAY** THEYā€™RE SHORTING AGAIN. This man capitalized on the drop of an e-commerce startup out of Nigeria and is now currently benefitting from the uprise. $JMIA sits at $45.56 as of now. [Source](https://www.theafricareport.com/45712/jumia-short-seller-andrew-left-changes-his-mind-now-buying-the-shares/) + +Now these are just 2 scandals that I pointed out because no one on r/wsb seems to be aware of this. Now iā€™m pretty sure if youā€™ve been active on the sub youā€™ve seen the COLOSSAL failures this company has made. Iā€™ll attach it right here. [JUST GO AND SEE THIS ITS IMPORTANT TO GET A PROPER VIEW](https://imgur.com/a/QvKVC9V). + +Apart from this, another IMPORTANT info would be that, the live stream where he claimed he is going to expose the top 5 reasons why heā€™s GME short right now, would PROBABLY be live on his **TWITTER** (@CitronResearch). Hope to see everyone there and I CANNOT WAIT TO PROVE this self proclaimed ~~activist~~ WRONG. + +NOW RETARDS KEEP READING BECAUSE, this is not possible without everyone holding tight and buying more šŸ‘šŸ‘šŸ‘šŸ‘šŸ’ŽšŸ’ŽšŸ’ŽšŸ’ŽšŸ’ŽšŸ’Ž. We will be hit badly again, the boomer investors cannot take Citronā€™s cock out of their mouths, so we expect a sell off, DO NOT GIVE THE BEARS A CHANCE TO BUY. Today could even be a red day, **BUT FEAR NOT**. We will hopefully emerge victorious. I AM SO PROUD OF EVERY LAST AUTIST ON HERE šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€. + +**NOTE** : + +Holding our shares doesnt cost us anything šŸ¤·šŸ»ā€ā™‚ļø. + +The short sellers pay high borrow fees and will eventually get margin called if the price rises further. + +A red day doesnt matter at all as we are not selling anyway šŸ’ŽšŸ’ŽšŸ™ŒšŸ¼šŸ™ŒšŸ¼ its just a question of time until the next good news hit and it will explode šŸ”„šŸš€ + +TL;DR : Citronā€™s been doing this for a long time. The stocks they short do go down only because boomer investors suck them off dry. Time for a revolution. HOLD ON TO YOUR STOCKS WITH DIAMOND HANDS šŸ‘šŸ‘šŸ‘šŸ‘šŸ’ŽšŸ’ŽšŸ’ŽšŸ’ŽšŸ’ŽšŸ’Ž. HOARD AND HOLD. EVEN A RED DAY OR TWO WONā€™T EXTINGUISH THE FLAME IN WSB. LET US FUCKING TAKE OFF AUTISTS šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€. + +Edit #1 : Citron really just chickened out of the livestream that was taking place lmfao. THIS IS WORKING EVERYONE HOLD šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€. +This was never a trade about the health of BBBY or them selling some Buy Buy baby side company. + +There is over 100% of the float shorted. +Who cares if this towel company is trying to restructure. This is a basic market mechanics trade. + +Is the short % of float over 100% = Yes + +Is there a reason the short % of float has gone even higher since the drop = Yes + +Did the Ryan Cohen sell change the market mechanics of this trade = No + +Did GME and AMC both drop before they had their squeeze = Yes + +Is BBBY playing out the exact same patter as every other big squeeze play = Yes + +Is the Broad market in a bullish euphoric period and overall rallying = Yes + +This looks worth a bet to me. +Link: [https://etherscan.io/address/0xb170dd1352b9928bd1dd1f11d25f5a1d617baeb2#code](https://etherscan.io/address/0xb170dd1352b9928bd1dd1f11d25f5a1d617baeb2#code) + +Information to who linked it: [https://github.com/Loopring/protocols/commit/b65c9a17c87880417acf5205ff118c02b6410737](https://github.com/Loopring/protocols/commit/b65c9a17c87880417acf5205ff118c02b6410737) + +Here is a picture of more GME evidence in the Code: + +&#x200B; + +https://preview.redd.it/z1tevulhqlx71.png?width=810&format=png&auto=webp&s=bdcdb87a3e36951622661eb1eca4daa61dfea09c + +Twitter GME also hinting at the "relationship": [https://mobile.twitter.com/GameStop/status/1455993619299684357](https://mobile.twitter.com/GameStop/status/1455993619299684357) + +Not sure if this information has found it's way over here yet, but this is even more smoke indicating the fire that would be a GME partnership. + +I am very hopeful that this will be a very lucrative buy the rumor sell the news event. However, I believe this is a great short term AND longterm play + +I posted this last night and it gained a lot of traction but there were too many LRC posts and it got removed. Still this is new code from a more credible source, as well as a mention from Gamestop themselves and deserves to be known by this sub. + +Edit: Looks like the top 2 links are no longer working. This in my eyes is extremely good news as it looks like some1 let the cat out of the bag too soon. + +The picture came from the code in the top link that has now been removed from a person inside Loopring. I posted the full text from just one of the many pages published from the original leak in the comments. This most certainly means they changed the repo to private +After moass pops off and im a fucking multi millionaire, you think im gonna just put all that money in come criminal bank? Besides turning all that money into tangible assets, where is the best place to keep just straight up cash? Any ol little credit union? Are there special rich people credit unions? Should i dig a hole in the ground and bury it all like pablo escobar? Im just a poor lil broke country boy, i dont know how to be rich. +I'm currently making ~$560 per week and I'm living with my parents so I don't have to pay rent/utility/groceries. Would it be okay for me to invest $350 in stocks/cryptocurrency on a weekly basis or should I be saving more? +/u/Coincle pledged in [this message](https://www.reddit.com/r/Bitcoin/comments/5bnggm/if_trump_wins_heres_what_ill_do/) that if Donald J. Trump won the US Presidency, that he would give each user who commented on his post, .01 bitcoin. + +2,547 fulfilled their end of the bargain by commented on his post, Mr. Trump fulfilled his end of the bargain by becoming President Elect. I believe it's now time for Conicle to fulfill his end of the bargain. + +Coincle said, "I've been a long time bitcoiner, and this won't break me" + +However, after several hundred people commented on his post, he updated his post with a survey [link?] asking whether he should give .01 bitcoin to the first 250 people, or .001 bitcoin to everyone who posted. + +2,547 people ended up commenting on his post. That's 25.47 bitcoin. (Many didn't leave a bitcoin address, so it would be much less). I was one who left my address, yet I don't see any .01 bitcoin transferred to my address. + +Does anyone here believe that ones word is ones bond? If Conicle has been here "for years", and this post "won't break" him, shouldn't he be a man of his word and do what he says? (Or, even if it would break him, shouldn't he be a man of his word anyway?) + +Besides, if Coincle was an early adopter, and a miner before 2012, than 25.47 bitcoin is only 1/2 of one 10 minute reward. + +I'm calling you out /u/Coincle - Keep your word and your end of the bargain. + +Or, are you going to sell your good name for only 25 bitcoin? + +edit I: His post as been locked, and his original comments deleted + +edit II: /u/Coincle has now [deleted his entire account](https://www.reddit.com/user/Coincle) +I couldnā€™t really find a more appropriate subreddit so here goes. Itā€™s got a finance flavour so everyone chill out. + +To get straight to the point, my boss, other than being an awful person, quite often pushes and bullies people to do things that are unethical and against the banking practices that we need to abide by. I really want to report him to something or someone but Iā€™m concerned that either my feedback will disappear into space (like normal) or Iā€™ll somehow become a target for him. I have no faith in our internal systems as our HR and upper management turn a blind eye to these issues. + +What resources are available for bank staff in Australia to report specific incidents whilst remaining anonymous? Iā€™ve gone down a couple channels internally and they all reverted me back to my people leader...who is the guy that needs to be investigated. Bleh. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 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/x3byy4/drscomputershare_megathread_092022/) + +>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! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +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... +Patience and HODLing does pay off! For those who held and didnā€™t touch your moons during the previous month, you just earned yourself a 20% bonus! A common misconception however is that you will receive that bonus as additional moons. **This is not the case** The bonus is applied to *karma*. This means that your karma got a 20% boost. Factor this into your calculations for this distribution and moving forward. + +And for the ones who donā€™t know how to get moons, simply open your vault on the reddit app and youā€™ll get moons! How you ask? Simply by receiving upvotes on your posts and comments in r/cryptocurrency, itā€™s that easy! + +Mainnet is just around the corner and our wildest dreams and expectations **can** come true. I hope that the last distribution before 2022 was everything you hoped for and more. Have a moontastic New Year farmers! +The title kind of sums up the situation, but essentially my girlfriend and I ran into some financial trouble this month and weā€™re late paying our rent. For some reason when rent hasnā€™t been submitted online through their portal by the 1st of the month, the option to pay online isnā€™t available. Whatever, thatā€™s fine. Just going off of muscle memory of when I was younger and had issues with being late on rent I head to Walmart to pick up a money order for the amount without even thinking to check with our front office. Get the money order, stop by our front office to drop it off and thatā€™s when they tell me that they donā€™t accept money orders and they need a cashierā€™s check. Fine, except for the fact that I had already addressed the money order to the apartment complex and now my bank wonā€™t accept it as a deposit. Fine again, I guess. I head back to Walmart to cancel it, they state that I have to wait 24 hours before I can cancel it and receive a refund. Not fine. + +At this point Iā€™m understandably frustrated, swing by the front office and tell them the situation and that I wonā€™t be able to pay rent until I get a refund from Walmart for the money order. + +I go home and decide to check up on our lease, and it states multiple times that they do accept money orders and cashierā€™s checks, but do not accept cash. + +Is there anything that I can do at this point? Given that the lease clearly states that money orders are an acceptable form of payment, I feel like I shouldnā€™t be responsible for the the daily late fees that will be charged after today. How do I go about this?? +I just wanted to complain about what happened yesterday. I know that my parents are poor, because they always say that we should save but I didn't know how bad it was. +Just to make this a bit clearer, I am 18 and I am planning on going to college. I am capable of working during the holidays so I always have some of my own money. +So, I went grocery shopping with my dad yesterday and I bought groceries for the whole week, I bought quite a lot of veggies because I thought we could afford it. Then, when we went to pay, my dad's card declined. It was so humiliating to find out that my parents have reached their credit card limit, which is basically one of their paychecks below zero. I had to go to the car to get my card, come back there and pay for it myself. +But my monthly budget is just enough for me to buy myself lunch sometimes, pay for bus tickets and I was hoping to buy myself something nice one in a while when I worked every day the whole summer. +The account technically belongs to both of them but only my mum know how much money is there. And she didn't tell us a word. I also now feel bad about my spending before I knew but I couldn't have known that, right? +Thanks for reading. + + +First a bit of background: This work was done solely by me over this weekend. I'm not a professional, nor have I attempted anything similar in the past. In fact, I wasn't aware of R squared before this weekend - so take everything with a major heap of sale. If there's mistakes and such, please feel free to point them out. It's also possible that everything I did was wrong and this is just gibberish. The point of this was to create an exercise for myself as well as create discussion online regarding attractive market options. There could also be a lot of simple mistakes there, but due to time constrains (weekend is finishing) I'm forced to post it online now. If you guys like it and if this even makes sense, I might do something similar in the future again + +Also, I will happily share the Excel with the raw data and analysis. However, I do not know how to. I do not want to share from my personal office online account as I want to keep my reddit profile at least semi-private. If someone can please help me out, I would very much appreciate it. I'm sure my data and analysis needs a lot more work and we can make a editable version where multiple people can contribute + +Data: Was compiled using freely available MSCI data found online. Historical PE by country MSCI Index was sourced from [Barclays](https://indices.barclays/IM/21/en/indices/static/historic-cape.app) + +(data available for download). Then I found corresponding index historical data (took me a lot of time to find I might add) through [MSCI End of Day Index Data Search](https://www.msci.com/end-of-day-data-search). The website is very slow, but it works. For most of the developed markets, the data goes back to 1982, which I thought was sufficient enough to come to reasonable conclusions + +Methodology: Using the data obtained above, I calculated 10 year annualized average return for each month (for example Jan 1982 to Jan 1992, Feb 1982 to Feb 1982) for each of the 12 MSCI Indexes: Australia, Brazil, Canada, Europe, Germany, Hong Kong, India, Japan, Netherlands, Singapore, UK and USA. Then I used graph on Excel to make the line of best fit through regression analysis for each one of those markets. Because I was using 10 year returns, I could only use the 10 year annualized returns until June 2012 and run Regression analysis on CAPE vs returns until 2012 only as well. For developing countries, like Brazil and India the data set was much more limited, therefore I was forced to use 5 year returns. I also calculated the average 10 year return as well as the standard deviation for the 10 year returns. Then I ran a regression analysis on each of the data sets. + +Results: + +&#x200B; + +|Country|Current CAPE|Avrg Historical Cape|Average 10 YR Return|StDev of 10YR Return|Expected Future 10 Year Return|Line of Best Fit|R2 Squared| +|:-|:-|:-|:-|:-|:-|:-|:-| +|Australia|20.45|20.48|5.87%|4.02%|6.18%|y = -0.0027x + 0.1149|0.54| +|Brazil|12.96|14.73|9.27%|18.09%|\-4.87%|\-|\-| +|Canada|21.49|23.79|6.29%|3.89%|6.13%|y = 0.0004x + 0.0527|0.01| +|Europe|19.65|20.20|6.14%|5.16%|6.51%|y = -0.0042x + 0.1476|0.35| +|Germany|16.67|22.87|6.43%|4.86%|8.59%|y = -0.0031x + 0.1376|0.37| +|Hong Kong|16.62|20.15|8.29%|7.02%|10.32%|y = -0.0051x + 0.188|0.13| +|India|28.19|11.54|7.68%|12.22%|4.27%|y = -0.0054x + 0.1949|0.26| +|Japan|20.24|42.29|2.31%|6.40%|6.69%|y = -0.0016x + 0.0993|0.23| +|Netherlands|28|19.86|7.53%|5.97%|1.32%|y = -0.0058x + 0.1782|0.56| +|Singapore|13.12|22.20|4.94%|5.20%|8.37%|y = -0.0031x + 0.1244|0.13| +|UK|16.67|17.54|4.68%|5.24%|5.57%|y = -0.006x + 0.1557|0.25| +|USA|28.51|24.31|8.29%|5.04%|5.46%|y = -0.0052x + 0.2029|0.76| + + + +Note: India and Brazil were calculated on a basis of 5 year annualized return due to the lack of data. Unlike other indexes that start in 1982, Brazil index data starts in May 2011 (earliest CAPE available) and India in August 2003. + +Analysis: The data was surprising to say the least. My inspiration came from the book "A random walk down wallstreet" where the author Markiel mentions that CAPE Ratio, and that it is the best predictor of future returns. In the book, I believe he mentions that about 45% of the returns in the US stock market can be explained by CAPE Ratio. If my understanding is correct, he must be referencing the R squared. I do not remember which data set he used, but I wasn't able to get similar results. + +Australia: Seems right around historical averages. Nothing too noteworthy, expect maybe a strong correlation (R2) + +Brazil: It is the only country with expected negative returns. Brazil data sat was also the most limited, therefore it is hard to make any significant conclusions based on available data. Brazil also has the highest standard deviation. It seems that the Brazilian market has been insanely volatile in the 21st century. I did not run a Regression Analysis because I thought it was moot + +Canada: Now this tripped me up big time. In fact, the only reason why I included line of best fit formula was for Canada. Canada has **POSITIVE** relationship on Cape vs Expected returns. The higher the CAPE, the higher is the 10 year expected return. I double checked the numbers. Unless I'm making a mistake somewhere that I'm not aware of, Canada is a fluke. + +Europe: Nothing noteworthy with Europe MSCI Index, + +Germany: Probably the best/safest investment out of all based on this analysis. German MSCI index seems to be below historical averages, has a pretty strong R2 and is posed for solid growth in the next decade from now + +Hong Kong: For those wanting to take a risk, this might be a very good opportunity. I'm not at all surprised by this data, and it makes sense on an intuitive level as well. In the 2000s USA went through strong economic growth, but the stock market languished. After 2009 it went on an incredible bull run ending only now. China has spent the 2010s positioning itself from factory of the world to a world-wide brand. Tencent and other companies are now a household name. I took a short glance at the Hang Sek 50 index, and a lot of the top stocks are also Value companies. After tencent, there's a list of 4-5 banks. I checked their revenues and profits online and they have all grown massively in the last decade. Meanwhile the stock market has not moved. Of course banks are generally low P/E but it seems like the Chinese companies are highly undervalued even accounting for that. That being said, any investor should be careful to due high interference of the CCP. As for myself, I would consider buying a small leveraged position, something like Yinn 3x leveraged China ETF. However I will need to research more + +India: India went through a massive bull run in the 2010s, along with USA. It is only the cyclical nature of the markets that the best performers of the previous decade tend to be lackluster in the next one. I'm not very bullish on India, especially with the sky high valuations + +Japan: Japan is just a mess. Their CAPE systematically reached 50s 60s 70s and even peaked at 80s in the 2000s, they were overvalued for a long time even after the asset bubble burst. They seem like they're undervalued now, but honestly I don't think I know enough to say anything meaningful about Japan. If I were to speak out of my ass, I would say they were insanely overvalued from the 1980s all the way to 2010s so CAPE at 20 is not undervalued, but valuations catching up with reality. I would personally steer clear. + +Netherlands: Interesting to see that Netherlands is overvalued next to its European peers. I do not know the reason for it. Needs more researching + +Singapore: Another very good bet for the future IMO. Yes, R2 is low, but it is a developed economy and they have traditionally been very business savvy. I would definitely look more into investing into Singaporean Markets + +UK: Have to say, quite surprised by this one. FTSE 100 hasn't returned much at all since the year 2000. I thought it would mean they're undervalued. but doesn't seem so. Interesting to note that while FTSE 100 (big-cap) stagnated, FTSE 250 (mid-cap) brought in stellar results, tripling since 2000. Definitely warrants further investing. I've also seen some evidence online that only FTSE 100 specifically is undervalued, so maybe a big cap play in the UK? + +USA: Well, I think the amazing bull run is dead. For stellar growth in the coming years, we will have to go down much lower in the near future. Some people say it will happen, others think we're close to the bottom. If it's the latter, I personally wouldn't expect the returns of the last decade and a half going forward. In 2008/9 MSCI CAPE bottomed at 13. We're more than double that now. American markets can't grow exponentially to the corporate profit growth rate anymore without detaching from reality, so something has to give. Either we see a crash and another bull cycle, or a slow upwards growth. + +Interestingly enough, USA has the highest R2. I wonder if it's due to highest pricing efficiency due to the largest investor participation. + +Criticisms: + +The obvious criticism of Shiller CAPE is Excess Cape. We are in an era of record low interest rates even with the recent hikes. A lot of people will rightfully point out that comparing current values to historical values is at least not painting the full picture i.e. more expensive stocks now make more sense than they did in the 90s. However Shiller CAPE is still one of the most powerful tools at our disposal for predicting future growth + +The other criticism is the limitation of data. I couldn't get any meaningful information about emerging markets. Even for the developed markets, looking 1982-2012 might be too limited. +[Protocol.Gemini](https://www.protocolgemini.com/) is a project that will be coming out of stealth mode shortly to make public appearances and announce partnerships, Gamestop is likely one of their unannounced partnerships. With the NFT released today on the marketplace featuring the GME astronaut, the Cybercrew Clone, and a mystery guest crashing a Cyberbike into a Gamestop store, things are starting to move quickly in the upcoming inception of the Gamestop Metaverse. While there are numerous games that build on decentralization, giving players the ability to own their own assets, and take their assets with them from game to game, I wanted to focus this post on the Protocol Gemini project and why this insanely ambitious startup has the ability to change EVERYTHING if they do it right. + +Gamestop building out a vast Metaverse featuring gaming studios, artists, creators, pioneers, and defi has the potential to literally change society and how we all interact with each other. Facebook, Twitter, Instagram, these are all essentially Web2.0 tech companies that dictate how we all interact with each other as a society. Enter the new iteration. ENTER THE RENAISSANCE. + +&#x200B; + +https://preview.redd.it/wx3oo8r51s2a1.jpg?width=1280&format=pjpg&auto=webp&s=9dd8b0cfb1167d51cefccbd4cb1f2e8b2a55dc46 + +Taken from the Protocol Gemini BlackPaper (they are thinking REALLY BIG picture!): + +"The development of society and the individual in the post-industrial era is directly related to new ways and means of disseminating information. The widespread introduction of the Internet and Web 2.0 technologies has completely changed approaches to thinking, communication, creativity and other aspects of human life. However, these transformations not only failed to solve all the problems but also led to the emergence of new ones." + +"Ordinary people who saw the future in new technologies and were pioneers in the development of relevant protocols and systems were replaced by large companies and megacorporations. At present, Big Tech completely determines the appearance of cyberspace and the opportunities in it for each of us. Megacorporations own the rights to the technologies and software products used and strive to maintain the monopolization of the digital space. Promising new solutions are acquired and concentrated in the hands of Big Tech, who use them for their own purposes." + +"For these reasons, real users are forced to use a limited set of software products and to adapt to the way corporations want you to see the world. This leads to a limitation of the creative potential of people who are driven into a given framework and deprived of the possibility of a real choice. The result of this process is the concentration of control in the hands of a narrow group of people, and the neglect of the personalities of ordinary users. Such a disproportion inevitably leads to increased stratification and an uneven improvement in people's living conditions." + +&#x200B; + +So you have this project that believes in giving back power to the players and power to the creators. Sound familiar? They not only envision a shift in the power dynamic, but they have an exciting way to create our own future, enabling freedom away from the Web2.0 powerbrokers who own all our content, own all our data, and give us little choice. + +The actual protocol gemini project is very exciting, they aim to build an Augmented Reality on top of our own physical world. A very popular game that might help describe a use case is Elden Ring or Death Stranding. In Elden Ring you can indirectly interact with other real gamers by seeing a message they left behind, or see a hologram of how they died. Similarly, with AR technology users will be able to leave unreal items in places in the real world, like songs, images, objects, displays or messages. Our physical real world in the future will be enriched by unreal things, providing new experiences and opportunities to interact with other real people in previously impossible ways, both across time and space. + +Unlike Mark Zuckerberg's weird-ass metaverse, the protocol gemini seems to be centered on AR (augmented reality) and not just VR (Virtual Reality). You know who else believes in AR as the future, as opposed to VR? APPLE! [https://www.apple.com/augmented-reality/](https://www.apple.com/augmented-reality/) + +"**What if the line between your imagination and the real world didnā€™t exist? With augmented reality, not onlyĀ is that possible, itā€™sĀ here.** + +**AR transforms how you work, learn, play, shop, and connect with the world around you. Itā€™s the perfect way to visualize things that would be impossible or impractical to seeĀ otherwise.** + +**Apple has the worldā€™s largest AR platform, with hundreds of millions of ARā€‘enabled devices, as well as thousands of AR apps on the AppĀ Store. And because Apple hardware and software are designed from the ground up for AR, there is no better way to experienceĀ AR."** + +Apple is working on Apple headset, and that will eventually usher in the Apple Glasses. Much like how we all carry around incredibly powerful smartphones, it is only a matter of time before we all have devices like Apple Glasses to augment and enrich the reality around us. And I truly believe that by investing in Gamestop and the vast network of tech companies and defi creators, this is our chance to be a part of the revolution. Sure, we are all going to be rich as fuck. But this is also an incredibly exciting time to be early in a movement that could change it all! +[BoC](https://www.bankofcanada.ca/2022/07/fad-press-release-2022-07-13/) + +The Bank of Canada today increased its target for the overnight rate to 2Ā½%, with the Bank Rate at 2Ā¾% and the deposit rate at 2Ā½%. The Bank is also continuing its policy of quantitative tightening (QT). + +Inflation in Canada is higher and more persistent than the Bank expected in its April Monetary Policy Report (MPR), and will likely remain around 8% in the next few months. While global factors such as the war in Ukraine and ongoing supply disruptions have been the biggest drivers, domestic price pressures from excess demand are becoming more prominent. More than half of the components that make up the CPI are now rising by more than 5%. With this broadening of price pressures, the Bankā€™s core measures of inflation have moved up to between 3.9% and 5.4%. Also, surveys indicate more consumers and businesses are expecting inflation to be higher for longer, raising the risk that elevated inflation becomes entrenched in price- and wage-setting. If that occurs, the economic cost of restoring price stability will be higher. + +Global inflation is higher, reflecting the impact of the Russian invasion of Ukraine, ongoing supply constraints, and strong demand. Many central banks are tightening monetary policy to combat inflation, and the resulting tighter financial conditions are moderating economic growth. In the United States, high inflation and rising interest rates are contributing to a slowdown in domestic demand. Chinaā€™s economy is being held back by waves of restrictive measures to contain COVID-19 outbreaks. Oil prices remain high and volatile. The Bank now expects global economic growth to slow to about 3Ā½% this year and 2% in 2023 before strengthening to 3% in 2024. + +Further excess demand has built up in the Canadian economy. Labour markets are tight with a record low unemployment rate, widespread labour shortages, and increasing wage pressures. With strong demand, businesses are passing on higher input and labour costs by raising prices. Consumption is robust, led by a rebound in spending on hard-to-distance services. Business investment is solid and exports are being boosted by elevated commodity prices. The Bank estimates that GDP grew by about 4% in the second quarter. Growth is expected to slow to about 2% in the third quarter as consumption growth moderates and housing market activity pulls back following unsustainable strength during the pandemic. + +The Bank expects Canadaā€™s economy to grow by 3Ā½% in 2022, 1Ā¾% in 2023, and 2Ā½% in 2024. Economic activity will slow as global growth moderates and tighter monetary policy works its way through the economy. This, combined with the resolution of supply disruptions, will bring demand and supply back into balance and alleviate inflationary pressures. Global energy prices are also projected to decline. The July outlook has inflation starting to come back down later this year, easing to about 3% by the end of next year and returning to the 2% target by the end of 2024. + +With the economy clearly in excess demand, inflation high and broadening, and more businesses and consumers expecting high inflation to persist for longer, the Governing Council decided to front-load the path to higher interest rates by raising the policy rate by 100 basis points today. The Governing Council continues to judge that interest rates will need to rise further, and the pace of increases will be guided by the Bankā€™s ongoing assessment of the economy and inflation. Quantitative tightening continues and is complementing increases in the policy interest rate. The Governing Council is resolute in its commitment to price stability and will continue to take action as required to achieve the 2% inflation target. +I'm currently 19, I'm a full-time student, and I'm still living with my parents. I've just recently heard about Roth IRA and it's been a big eye-opener to just how ignorant I am. Are there any basic financial planning advice or things I should know at this stage? + +For example, programs or special accounts like the Roth IRA that will make a significant impact on my future that I should start doing now. Like I mentioned, I'm completely lacking any knowledge whatsoever about finance and I want to change. Normally, I'd google the things I don't know but since I don't even know what I don't know, I have no clue where to start. +**Income and Assets** +Iā€™m 32 and my SO is 30. We are both permanently employed, earning a gross combined salary of $155K/year (plus up to $10K annual bonus). Out of our gross salary, my SO contributes $18K (2016 max) into a company 401K, which currently has a balance of ~$30K. My company does not have a 401K, but I plan to open and begin funding a traditional IRA with the $5,500 (2016 max) each year. After these automatic deposits, we will take home approximately $8K/month. We both drive 10 year old cars that are paid for but we have no other tangible assets. We have $185K in an ordinary savings account (stupid, I know). *Thatā€™s where you guys come in!* + +**Debts and Expenses** +We have no debt. We spend an average of $3,000 per month and have been depositing the rest ($5K/month) into our bank account (hence the $185K balance). + +**Objectives for the $185K** + +* Set aside $___ to buy a home. We are pre-qualified for a 97% loan up to $450K at 3.5%, but weā€™re trying to find something at or below $350K so our mortgage payment will be approximately the same as our rent. (Should we put 20% down to avoid pmi, or take our lenderā€™s option of only putting 3% down and invest the rest?) + +* Set aside $30K for an emergency fund and deposit it into an account that earns a decent interest rate without freezing our access to the funds. (What kind of account might that be?) + +* Invest the rest of the $185K (-$30K emergency, -??K down payment) in the best way possible. We do not need immediate access to the principal, but it would be nice if that money could yield annual returns. Establishing a passive income stream would be awesome. To that end, I've been looking at rental properties and I've got one offer pending on a $60K house ($12K down payment) that should gross $1100/month in rent, and net me approximately $500/month after taxes, property management, insurance, and repairs. (Whether or not this deal works out, what should I do with the rest?) + +I am becoming more nervous about my finances and retirement planning. Summary below. + + +Age -40 +Salary - $130k +Debt - $0 +401 - $65k ($1,000/month) +Market - $65k ($1,000/month) +Emergency and cash- $35k + +Thoughts? + +I should note that I started saving exactly three years ago from scratch after emptying everything for a medical emergency for my Dad who passed from colon cancer. It appears Iā€™m saving approximately $20k per year. I am a research scientist so expect to be able to find work reliably for a good while. + +I recently turned 18 and I manage a restaurant in Colorado Springs. Pay is nice and itā€™s definitely enough to live easy off of. It isnā€™t a bad job at all, especially for this time in my life. I live with some roommates, rent being about 500$/month. Iā€™m currently making roughly 2,000$ monthly. Iā€™m definitely financially stable and I have money adding up that I donā€™t need to spend, so there is no better time than now for me to start investing. + +The problem is that I donā€™t have any experience with investing. What is an easy place to start? What are examples of good things for young investors to invest in? What are some resources I can use to learn more about more successful ways to gain wealth? What have successful entrepreneurs done early in life that have made huge impacts on their net worth? These are just a few questions I have haha, Iā€™m just very curious and there is a lot I wish to learn. + +What would you guys think? What steps do you recommend I take first? +My dad wants to borrow 20k from me to remodel the basement. Iā€™m 18 and I live with him and do not have to pay any bills or rent so Iā€™m obviously willing to give him the 20k but I am wondering if I should have him sign some sort of contract recognizing that he will pay me back. I just do not want to lose 20k because in the next 5ish years I plan on moving out and building my own tiny house + +Edit: I do have a full time job but the large sum of money came from my mothers life insurance when she passed, he did not give me the money +What percentage of your total investments is in your 401K, IRAs or regular (taxable) investment accounts? + + +Talking with an advisor colleague about whether people have all their money in their 401K or what type of accounts they have. Do you invest in all three accounts (and how much in each) or focus exclusively on one? +So firstly, hi! I (M32) am completely new to finance and handling $ over 4 digits. + +&#x200B; + +I have been told that I'm getting a quarter-mil USD inheritance once I turn 35 in 3 years. I can't directly use the money before then, but the executor is asking where I want the money invested/held until it's transferred to me. It would more than wipe out all of my debts and have me good to go on almost any new path I wanted. I like my lifestyle now and wouldn't want to change it no matter how much money I have when all is said and done. + +&#x200B; + +My short term goals (3 years) for the money are to beat inflation and prepare ways to avoid paying out the nose when I get control of it (I am in the US). + +\-The executor and I are both wary of the stock market; I don't want to be glued to the ticker and the executor is keen on keeping money in relatively liquid vehicles. I'll be preparing suggestions to send to the executor for banks with deposit bonuses and HYCAs. Any suggestions? + +\-To avoid income/gift tax, would one way be setting up an LLC, having the money owned by the LLC, and I simply be put in charge of the company? +Hi everyone! +I was hoping to get some advice on my finances. I am a recent grad student with 50k in debt (havenā€™t started paying them off yet). I had a Toyota Corolla that I was making monthly payments on for $260. I wanted to minimize the payment so I decided to sell the car and pay off the loan. I now have no car and was wondering if you all think I should take out a small loan and get something through a dealer or if I should use what I have $6k to buy through a private owner ? + +I am super nervous about investing in something that will give me trouble in the near future. (I also am moving to Florida for a job and planned on road tripping there! So, I definitely need a car before I begin on October 2nd). + +Thanks in advance :) +We have been in this apartment for 10 months have 2 left on our lease. It's brand new, first floor, quiet neighbors, everything is great in my eyes and I think my gf really enjoys the place as well. The thing is that rent is increasing $100 a month to make it a total of $1200. The first two months I lived here alone so I paid 100%, after my gf moved in she started paying around 35% and I paid the rest. We split groceries, wifi, utilities, etc... the problem is that she wants to find a cheaper place to live for the next 8-12 months and after that she really wants to move states. We have decided to split rent 50/50 from now on moving forward. In my eyes, I cannot justify moving across town just to pack our stuff up, essentially as soon as we can just to move to another state. Maybe I need to be more frugal and start saving money where I can, but at the same time moving isn't free nor cheap plus we would be having to pay another security deposit for us and our dog. I haven't figured the numbers but I don't think that it would be saving us enough money to justify moving. + + +Sorry for the horrible punctuation and organization, if you need more info I will reply asap, thank you for your input on our situation! +Hi. I am 25 years old; I make around 70k/year before taxes. I pay $1,100/month on rent and utilities, and $300 on student loans. I have $20k in debt (just student loans, about $500 in CC debt). I recently found out I am set to inherit roughly $35,000 which is obviously life changing. Looking for any and all advice on how to handle this. do I pay off my loans immediately? Or half and live a better quality of life/travel/etc? Iā€™m truly floored and this money was not expected. Thank you for any advice! +I'm about to finance my first car, but don't really have proof of income because I've only been a dancer for a few months. I also have no credit or cosigner. +The car I am looking at is $3200 and I have $2100 to put down(62.5%) not including my trade in for my current car(around $300) +Is it likely that I will be able to be financed for the remaining $900-$1000? +My wife and I have been going out to a nice dinner every time our net worth is up 50k as a small celebration of being financially stable. we just hit 1M, and dont know how to celebrate given the pandemic. dinner feels to small. we also have 3 young kids. + +&#x200B; + +Note: i understand this is a very good problem :) wishing every the ability to get to this milestone! +My professor said that a few advanced techniques he uses in algo Trading are Kalman Filters, Fourier Transformation, pairs trading (using cointegration), state space models, hidden Markov model, particle filtering and VAR (vector auto regression). + +Does anyone have experience with any of these? +My script is using data from the finnhub [api](https://finnhub.io/docs/api). However, when I fetch the EMA indicator data, it returns inaccurate numbers. For example, looking at `AAPL`, resolution `D`, and timeperiod `100`, I get the EMA as `117.0767717332421`. However, on TradingView, the current EMA is `116.48` given the exact same settings? +My to and from periods are `1609456293` and `1592176293`. Another problem I've found with the API is that if I give it exactly 100 days between now and 100 days ago, it throws an error saying the time interval is too short given the time periods. +Hi, I want to get into algo trading after doing discretionary forex trading in the past, but I have no understanding of coding and when I looked at quantstrat in the wiki it did not make much sense to me. Do you have any suggestions of how I should learn to code and what the best resources are with the objective of algo trading? A lot of suggestions I have seen online are for coding things like web development, which does not seem as relevant? Many thanks! +I have been looking for a low-code or no-code book that focuses on the foundations of financial mathematics and some of the theoretical underpinnings of working with financial data. + +Some that I own include ... + +*High-Frequency Trading* by Aldridge. It is a little dated (2010), and it feels like a compendium of research papers that were probably relevant at the time. It has the look and feel of the book I want, though. + +*A Course in Derivative Securities* by Back. Has the look and feel of what I want, but is overly focused on derivatives for my taste. The first three chapters should be required reading for all quants. + +*Advances in Active Portfolio Management* by Grinold and Kahn. New (2020), big, and thorough. Extremely complex. Seemingly a compendium of Grinold's many many research papers. +Seems like a very powerful new branch of finance yet very difficult to grasp. + +If you do, how do you use it? Have you got any results from it? Whatā€™s the usefulness of it? +Overfitting is one of the biggest mistakes and downfalls of algo traders. Essentially it means we create a system that is ideal for the historic data we use, under those market conditions. However, as conditions change moving forward, our live results always differ. + +One solution is to let the law of big numbers take hold, and let the algo trade for a long enough time period for the edge and probabilities to work out though the varying conditions and cycles. Another is to update or switch strategies based on the current market condition. + +Yet another I've been considering is to have the algo automatically change some of it's own parameters, since my best algo has a few settings that can be adjusted in code. + +The idea is every morning, what if the algo ripped through all parameter combinations for the past X days or periods and utilized the best values for the next trading session. Clearly "best" is totally subjective but let's ignore the meaning of that for the discussion. Backtesting this would be interesting, but the hope is as conditions change, instead of working with an "overfit" model I'm working with a "current-fit" model + +Pros? Cons? Stupid? +Yes, there would be a 3x loss in bad years, but even looking at it spanning like the COVID crash (I can't do the 2008 crash with UPRO because it's inception was 2009), but if you're holding long term it SEEMS to come out as 3x pretty consistently. I've read about this and about how volatility decay can make recovery after a crash a long process, but over the LONG term (several years) this seems(?) to work itself back out, from my limited testing. What am I not understanding? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 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) + +*gobble gobble'n up those shares* šŸŽƒšŸ¦ƒ + +>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! + +# 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. + +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! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +TL;DR Unless an exchange allows you to withdraw and deposit bitcoins it's not a real exchange, and its "price quotes" are entirely fantasy, just like MtGox prices. + + +Now that Wall Street and established finance is entering Bitcoin It's time to prepare for the baloney that'll follow. + +Chief among those shenanigans is [naked short selling](http://en.wikipedia.org/wiki/Naked_short_selling). Naked short selling is when an exchange puts offers to sell bitcoins into their system, without bitcoins backing those "offers". Naked short selling is basically fraud and counterfeiting. Just short selling is a legitimate market practice (opinions may vary). + +Any "holder" of bitcoins in such a situation holds nothing more than numbers in the exchanges database. If this sounds awfully familiar, it's because that's basically the exact same thing MtGox also did. + +There's a few problems with naked short selling, among them is that they can give a wrong impression on price. It's also the case that they basically create "bitcoins" out of thin air. + +An exchange is only a proper exchange if it supports the following features: + +* You can withdraw bitcoins +* You can deposit bitcoins + +Bonus points go to an exchange that publishes a proof of reserve. + +Exchanges that do not allow for these things are not at all exchanges. They are betting sites, little more Wall Street run casinos (ETFs, futures, spread bets, CFDs, etc.) + +Most importantly, prices that such fake exchanges "quote" aren't real prices. They're entirely fantasy and stand in no correlation to real bitcoin valuations. It's important that the community realizes this and that any site that quotes bitcoin prices clearly indicates if the price quote is from a real exchange, or from a betting site that hasn't got any coins backing their bets. + +On regulation: I don't have any illusions that regulation would help with naked shorts (after all they're also mostly illegal for other kinds of assets, but happen anyway). But since NY has taken it upon themselves to regulate exchanges, I'd suggest they put safeguards against naked short selling in place as well, for whatever good that'll do. +I work for USPS and have 15 years in. I'm only 34 and if I include the value of my paid off house we have a net worth of $1m. I would have to wait till I'm 57 to retire with a full pension. I don't want to wait that long but don't feel right walking away from a pension and health benefits. My wife is in a pension plan too and is a little over halfway to retirement. I'm wondering what the FI community thinks about walking away from pensions? And should I count my paid off house in my net worth? +**The Goal:** To find the places around the world that you can live on salary earned solely from r/CC shitposting. + +**The Budget:** At a Karma/Moon ratio of 0.88 and a moon price of $0.0768 (time of writing) you will need to receive 15,000 karma per month to earn a wage of $1014.04. + +[I decided on 15,000 as this is the current proposed limit on monthly karma. Also, anything over this and you should probably just consider getting a real job and some sunlight.](https://preview.redd.it/qulr12y8nau61.png?width=425&format=png&auto=webp&s=105ac346a84679b41f1c2eb58e6d3edea4fe412d) + +**The Criteria:** Using data from numbeo I found the monthly cost of living for a very basic life in each country. + +*Accommodation:* A one bed apartment outside the city. + +*Basic Utilities:* Gas, Electricity, Water etc. + +*Internet: ā€¦* + +Food: I assumed we will eat two McMeals a day every day of the month. While this would lead to problems of its own, and it would likely be much cheaper to eat local food in most of these countries, it is best comparison across such a broad set of countries. + +CoL: These four added together gives us our cost of living (CoL). Now while in theory you could live on this budget, it is unlikely that a foreigner who is new to a country would be able to live on this budget given the hidden costs (insurance, tax, transport etc.). To account for this, we add 30% on to the CoL to get our adjusted CoL. + +**The Results:** + +[The data is for the country as a whole, so keep that in mind when it comes to the results. You probably can't expect to move to Istanbul \(in the case of Turkey\), but you may be able to live on farm near the Kurdish border...](https://preview.redd.it/248wa0jspau61.png?width=621&format=png&auto=webp&s=8cb554f21cade76621fe6f949b0dffa267b6976f) +If you're a successful daytrader, you must have been consistently lucky and/or are skilled in daytrading. There's no other way for you to be successul in daytrading. + +If you're one of those people, do you find daytrading easy? Do you identify profitable patterns with easy? How long did it take you to become a successful daytrader? +I finished school in Dec 2010. I'm proud to report I just scheduled my loan payoff payment. I want to thank this community and share my experience. You're teaching me all the things about money my family never did. Thank you! + +*Tl;Dr - Student loans add up and then become huge, pay as much as you can and when you get raises don't change your lifestyle!* + +**How I Got All This Debt** + +* Bachelor's in computer engineering from a fancy private school (1998-2002) -> 60K + +I had tons of grants and scholarships, but I also had to take out the max in loans, as well as some extras to cover my parent's portion when their finances tanked. + +* PhD in EE (2004-2010) -> 20K + +My program was funded but I got divorced in my 5th year and took out loans to be a buffer and cover first/last month's rent and funds while I found a job + +*In total I owed ~80K, ~$450/month with rates from 3.25-6.8%* + +**How I Paid it Off** + +* 2002-2004, Salary ~30K, Paid ~$450/month (minimums) + +I did 1 internship in college but mostly focused on research. When I graduated during the DotCom crash half my graduating class couldn't find a job, including me. I did temp work in offices, tutored high school, taught summer camp, etc to pay the bills then went back to grad school. + +I always lived with roommates. I bought a Hyundai and paid it off in 3 years. I minimized eating out and buying anything I didn't need. I did still travel to see family and go to music events for entertainment. I didn't feel completely deprived but was hoping for more security and flexibility in the future. + +* 2004-2010, Salary ~25k stipend during PhD, loans deferred + +* 2011-2012, Salary ~45K, Paid ~$800/month +