diff --git "a/reddit_finance_43_250k_412.txt" "b/reddit_finance_43_250k_412.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_412.txt" @@ -0,0 +1,10000 @@ +>With an office next to Mr. Buffett's at Berkshire's headquarters, Ms. Britt helps with financial research, accompanies Mr. Buffett to meetings and occasionally drives him around town. + +>Ms. Britt "takes care of all kinds of things that come up," Mr. Buffett told college students in Omaha last month. + +>Ms. Britt and Mr. Buffett declined to comment on her role at the company. + +Becky Quick, Alice Schroeder, and now Tracy Britt, I'm starting to see a pattern here. +To all the new guys who regret not investing in crypto earlier: You're still early. Wanna know why? + +**#1** \- Most people still don't have any idea what cryptocurrencies are. They might've heard the word "bitcoin" once, but can't really tell what it is, or if there are other cryptos as well. + +**#2** \- Media coverage is mostly negative, lobbying against crypto is harder than ever. However, this is slowly, but steadily shifting. + +**#3** \- Most cryptocurrencies are still under development and are far from a finished product. Even those dev teams that claim to have a finished product are optimizing and polishing their network/platform. + +**#4** \- Price discovery is still going on, the ratio of supply and demand are changing 24/7. Also, the volatility is very high, which scares off many investors. + +**#5** \- Most merchants don't accept cryptocurrencies. We are starting to see the signs of mass adoption, but there's still a long way to go. + +**#6** \- Cryptocurrencies are still lacking in user experience. For the average user, buying, selling and trading cryptocurrencies are still considered complicated, and while Coinbase and co. have very simplified platforms for purchasing cryptos, improving UX is still an ongoing process. + +Feel free to add anything to this list in the comments! + + +I know for some of you, you are new to the PLTR game. After the recent run up yesterday, I know a few of you probably FOMO'd in around 25.76 and I personally thank you. Yoloing your Wendy Tendie's and allowance into a stock you know nothing about is normal sane behavior. Here I will be short and sweet in explaining WTF PLTR actually does. + +&#x200B; + +Picture you're high AF watching LOTR and the munchies hit you HARD. You go to to refrigerator to see what you have. You open the fridge and you have a lot of food but can't figure out what you want to make. Now, let's pretend you have a friend named Alex that has immaculate hair, wears workout clothes exclusively and has a barn in New Hampshire. + + +Alex can tell you everything you have in the refrigerator, the freezer, the pantry and even the vegetables that are ready in your wife's shitty little garden. They are in separate places and you're way too lazy to be walking around everywhere. Luckily Alex brings it all together. Alex could track costs, expiration dates, quality, quantity and anything else you could imagine relating to this food. Alex could also give you a list of recipes based on the food (data) that you have or any of these other factors. Eventually Alex would get so good at this, he could tell you what you want to eat when you open the fridge. He would know you better than your wife's boyfriend knows her cervix. + +&#x200B; + +Alex is so smart, he constantly thinks of ways to help you except when he's swimming, playing Qigong or performing sexual activities. Alex is dedicated and he is the one you want to help you make this essential decision. + +Your friend Alex's last name is Karp and he is the CEO of Palantir. The service he is providing you is what Palantir offers. This service is scalable, meaning it doesn't matter if you have 1 fridge or 42,069, it will still work. You might be OK at looking through one fridge, but you know damn well you can't look through multiple fridges high AF. None of these boomer companies can efficiently look through all these fridges either, that's why they hire PLTR. + +&#x200B; + +Positions + +115 - PLTR Feb 18 2022 21C + +1110 shares + +&#x200B; + +P.S. Palantir is the name of the company that has the stock ticker PLTR, in case you were confused. + +Edit: my words suck +Time to put some news on the table about one of the most undervalued stocks. It still blows my mind why wall street hates this company. +We know the boomers are retarded, but you literally cannot be that much retarded to undervalue this goddam stock. But enough with chit chat. I am talking about our favourite fruit #BB. + +Just to put it into perspective… Blackberry has a market capitalisation of 5.12B and a total valuation of around 6B. Total turnover was around 890 million. +Just for comparison cloudflare inc. has a total market cap. Of 23B with a total valuation of 21B while having a total turnover of approx. 430 million. I know this isn’t the best comparison, I just thought it would be interesting. +https://de.wallmine.com/nyse/bb +https://de.wallmine.com/nyse/net + +This company has transformed itself from a lost hero that made phones to one of the best, if not the best company making security software, yes. Security software, not only cyber security software. + +Currently BB makes several interesting products. +QNX +QNX Hypervisor +Spark +IVY +AtHoc +And they even make a new phone (manufactured by OnwardMobility) +Information about the phone currently is kinda scarce but still interesting +https://en.letsgodigital.org/smartphones/blackberry-5g-smartphone-2021/ + +As you can see there is plenty of interesting stuff going on… + +There are plenty of DDs posted on WSB for BlackBerry already and I would only tell the same news again so here is the link for the best one if you want to know more about their products. +Thanks to u/_MoveSwiftly for that great post. +https://old.reddit.com/r/wallstreetbets/comments/l4ehan/blackberry_dd/ + +So what has changed since the DD I posted above? + +BlackBerry released their earnings, which led to a big dip, that keeps dipping. Reasons for the dip? Honestly I don’t get it. There are literally only positive news for the future. But the boomers don’t care, they are probably still salty their favourite phone company from the good old days is gone and they don’t like the new touch tech. + +Now the good… And there is plenty good. +New partnership with IBM Canada to bring Spark ® to organizations across Canada +https://www.blackberry.com/us/en/company/newsroom/press-releases/2021/blackberry-and-ibm-canada-establish-a-new-partnership +Canada relies on blackberry for event management and secure communication +https://www.blackberry.com/us/en/company/newsroom/press-releases/2021/the-government-of-canada-selects-blackberry-for-secure-productivity-and-secure-communications +Volvo (not the car, but the heavy machines company) use QNX for dynamic software platform +https://www.blackberry.com/us/en/company/newsroom/press-releases/2021/volvo-group-selects-blackberry-qnx-for-its-dynamic-software-platform +SCANIA (trucks and busses) also use QNX +https://www.blackberry.com/us/en/company/newsroom/press-releases/2021/scania-chooses-blackberry-qnx-for-its-next-generation-of-vehicles +Blackberry created blackberry alert ® +And there is more and more and more. Check for yourself https://www.blackberry.com/us/en/company/newsroom/press-releases +I don’t know when there was a stock slept on for such long time. + +Obligatory… 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: position. 25@8€, 25@ 10€, 10@18€, 50 today at 7€ +The fear and greed index is **on a scale of 0-100**, where 0 represents extreme fear, and 100 represents extreme greed on the market. + +Crypto Fear & Greed, is currently at 25, which puts us in the "Extreme Fear" category. Mind you, the last time we saw these levels were at the May crash. So what does this all mean? + +&#x200B; + +Well... It means that there will be some great discounts on our favoroute coins! Like no- i'm not trying to inject anyone hopium or positivity or something. There \**probably* will be a huge dip and im ready to accumulate as much Crypto as I can! + +I lived the same thing with the May crash as well. Never understood why we call them \*Crash. Like, so negative for a huge wholesale discount... + +&#x200B; + +Jokes aside, it would be no surprise if markets decide to take a deep dive for some time with the current indicators. When it does, simply get your Fiat, and pray the Crypto Gods that it won't dip further! + +&#x200B; + +**EDIT:** Yep. After 10 hours of posting it markets crashed. Get those discounted Crypto everyone! +What would be the best way to use equity. We bought our house about 7 years ago and made extra payments and refinanced at a lower rate (2.5%)when rates were low. We now have about $65000 in equity. + +Now, I always hear about people using equity to make smart moves, doing this and that and then grow their money. Not sure if they use that to buy stocks or do some financial wizardry to make more money with that equity. + +Im always playing on the safe side so my best plan is to just use that money to upgrade my house in order to up the value in the long run. + +That being said, was wondering what other things can be done with equity? + +Thanks! +My husband and I will be close for the new limits for Roth IRA in 2023. With his sales job and my potential for bonuses, I won’t know what we will make until the end of 2023. We have good fund options through our Roth 401ks but do not max the Roth 401ks out . Is there any reason we shouldn’t just do the roth 401ks so we aren’t hassling with the back door roth? Thank you for the advice. +So I’m struggling and feeling very overwhelmed right now. I feel like I’ve got a mountain of debt and it’s becoming a bit too much. + +I’ve got probably 60k in credit card debt spread across a few cards in a mix of attempts to pay things down with deferred interest promos and really bad spending habits. + +Most of it came from bad spending habits, but some of it came from a slightly messy divorce several years back. + +I make plenty of money at $145k base annual, but I have never felt like I’m doing very well for the above. I’m not at my CC limit, but feels like I’m on track to get there versus paying it down. My credit has gone down from the high balances, probably 660-680 at this point. + +Where do I start? I have not missed a payment anywhere. My car loan is $300/mo, rent is $2000/mo, and I have student loans for $400/mo. + +I know that leaves me with quite a bit to pay down, but I’m not even sure how to realistically change the underlying behavior. And it’s becoming overwhelming looking at the different cards with balances that I don’t even want to sign in to pay because it’s depressing. Is consolidating the loan a good idea? Or just continuing to pay down the cards while somehow working on the behavior (which I’d love suggestions for, my parents did this same thing so I’m not really sure where to go). + +I know part of the answer is budgeting, but I don’t even know what that should look like, let alone sticking to it. +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/). +[https://www.benzinga.com/analyst-ratings/analyst-color/19/06/13984052/leaked-email-from-teslas-musk-says-automaker-approaching-record-vehicle-delivery-nu](https://www.benzinga.com/analyst-ratings/analyst-color/19/06/13984052/leaked-email-from-teslas-musk-says-automaker-approaching-record-vehicle-delivery-nu) + +&#x200B; + +In a leaked email, **Tesla Inc** [TSLA 2.65%](https://benzinga.com/stock/tsla#NASDAQ) CEO Elon Musk said the electric carmaker is near to setting a record vehicle delivery number for a single quarter, and said delivery logistics are key, according to Business Insider. + +&#x200B; + +I personally don't see this causing any long-term price action. Bearish. +Guilty as charged. + +However - my portfolio is a small amount, my bank account is even lower, I only pay a small amount of bills, no rent, and I work, so I am not risking my life savings here. + +All in all, I am about 350% up and I plan to hold until the end of the year. + +I see people posting portfolios here and biz (mostly biz) of upwards 30-40-50k worth so I am curious to see what is going on behind the scenes. + +What about you? +Valeant's female libido pill does not appear to be selling well. +Addyi, the new drug designed to spark sexual desire in women, has been available in the US since October 17. +Between then and November 6, only 227 prescriptions have been written for the pill, Bloomberg's Anna Edney and Laura Colby report. +By contrast, more than half a million people got prescriptions for Viagra in the first month after it went on the market, according to the report. +The female pill — made by Sprout, a unit of Valeant Pharmaceuticals — is laden with controversy. +For one thing, it comes with serious side effects, including low blood pressure and fainting. It's also expensive. +And it doesn't really do what it's supposed to: When Sprout conducted clinical trials, women only reported a small increase in the number of times they had satisfying sex — around one additional time per month. +Addiyi is Sprout's only product. +Valeant Pharmaceuticals bought Sprout for $1 billion shortly after Addyi got FDA approval. +That company has faced a handful of its own controversies in recent months, including accusations of price gouging and fraud, and its stock has collapsed since September. +Valeant's controversies stem from its business model, which is to load up on debt to acquire a string of companies, and then lift drug prices. +So far, that model has worked for Valeant. But it won't work if the companies Valeant acquires aren't able to sell their product. +Valeant's female libido pill does not appear to be selling well. +Addyi, the new drug designed to spark sexual desire in women, has been available in the US since October 17. +Between then and November 6, only 227 prescriptions have been written for the pill, Bloomberg's Anna Edney and Laura Colby report. +By contrast, more than half a million people got prescriptions for Viagra in the first month after it went on the market, according to the report. +The female pill — made by Sprout, a unit of Valeant Pharmaceuticals — is laden with controversy. +For one thing, it comes with serious side effects, including low blood pressure and fainting. It's also expensive. +And it doesn't really do what it's supposed to: When Sprout conducted clinical trials, women only reported a small increase in the number of times they had satisfying sex — around one additional time per month. +Addiyi is Sprout's only product. +Valeant Pharmaceuticals bought Sprout for $1 billion shortly after Addyi got FDA approval. +That company has faced a handful of its own controversies in recent months, including accusations of price gouging and fraud, and its stock has collapsed since September. +Valeant's controversies stem from its business model, which is to load up on debt to acquire a string of companies, and then lift drug prices. +So far, that model has worked for Valeant. But it won't work if the companies Valeant acquires aren't able to sell their product. +GameStop’s price manipulation, bedside being blatantly obvious, has some other very noticeable behaviors if your missing the 5-10 point drops on the daily. + +1. GME has a rockstar team that took over management with a superstar track record. +2. All debt has been cleared. +3. 550 Million raised. +4. Online distribution business model revealed. +5. Brick and motor stores are cash flow positive. +6. 10’s of Millions of supporters both retail customers and retail investors world wide. +7. Galvanized diamond hand cult following. +8. Ryan Cohen. +9. Citadel 10 year criminal record. +10. Illegal naked shorting 140% short. 140%! + +Unless you’re completely delusional and a sociopath NOBODY IS SHORTING A COMPANY ON TRACK FOR COMPLETE INDUSTRY DISRUPTION! + +Please do your job before they(Ken) take down the entire market which at that point it is your fault. + +☠️ ☠️ ☠️ +EDIT: This post is stirring up some shit. People are reporting me for hate speech and trying to take this post down. Too bad Shills, the truth hurts and so will bankrupting your entire criminal organization. Welcome to a new era. +Hi everyone! +I want to run my financial picture by you guys. +We are getting ready to upgrade to a home for $570,000- we are putting 5% down and our payment (PITI) will be $3,350/ month. +We currently own our first home and plan to rent it out. After paying that mortgage and saving $200 for repairs- we will profit approximately $1,200/ month…. + +Which in my mind brings our total housing costs to $2,150. (New mortgage-profit from rental). + +I am a realtor (9 years in the business) and on average over the last 9 years make around $120,000/yr. (80k being the lowest(first year in real estate) and in 2021 making $195k. This is pre tax. So subtract out approx 25%-30% to hold back for taxes. + +My husband is a teacher and makes 50k gross/yr. + +We have no credit card debt, 1 car payment ($400) and 1 camper payment ($200). + +50k in self directed IRA, 20k in savings, 30k in stock market, husband has a pension. +I contribute $800 to the self directed IRA/month. +No childcare costs (2 kiddos). + + +Feedback? Thoughts? +Hello fellow fatties, long time listener, first time caller. + +I finally started saving money about 5 years ago and have managed to accumulate enough that I won't need to work another day while maintaining my current lifestyle (having said that, I have serious issues about stopping work but that's for another post, another time). + +Anyhow, despite all this money saving business, I have managed to also accumulate quite a bit of expensive toys including collectable cars, collectable coins, art and machine guns. + +My question to the group is how do we protect the valuables that naturally belong in the house, with the whole family vaccinated, we are going to start traveling soon and I am worried about leaving all this stuff behind. Here are some ideas I am already thinking about: + +1. Security system (what is a good state of the art, money no object automation and security system) <- this is the direction I am currently leaning towards +2. Home sitter (we have had some negative experiences in past unfortunately with this) +3. Build a safe room, but that doesn't work for art that is mounted and cars that are too big + +ps. Please don't suggest using machine guns to protect the household, I can't even shoot bambi let alone a human intruder. +I always thought it was prohibitively expensive, but retail fronts amd restaurants in the suburbs are really affordable in major cities. +I find commercial attractive, in theory, because of long lease contracts and in the long term less oversupply risk than high rise apartments - which are what would otherwise be available in my budget. + +Has anyone invested in commercial real estate? And why or why not? +Long story short, I worked for this boss a few years ago and my super was never paid but was recorded on payslips. After a long, long period of being told stories and constantly having to nag, some unpaid super was transferred in to my bank account instead of my super fund. + +I was asked if I could sort it out myself and put it in to my super on my own as apparently my old boss was having issues transferring it to my super fund, so I agreed due to waiting so long for this. + +It was finally transferred to my bank, now I am wondering if I can put it in to a different savings account, or am I legally supposed to put it in to my super fund? + +I was asked to sign a declaration that I will not make any more claims of unpaid super against the old boss, and that I would put it in to my super fund. Haven't signed anything yet, looking for advice. + +Thanks! +So let's get this out of the way up front - I know there's a certain segment of this community that will just say, "Your kids should be on the hook for their own college costs/college is useless and they shouldn't even go/don't have kids because they're expensive." Those are all valid perspectives, but as someone who benefited from a fancy top tier college education, I fundamentally disagree. I received huge financial aid benefits because my parents were working class, and graduated with a reasonable debt load that I was able to quickly pay off within a couple years. + +And now that my wife and I have a couple of our own kids, we'd like to do what we can to make sure our own kids have similar opportunities. When they were born, we set up 529s for both of them, built a little spreadsheet with some assumptions about investment growth, college inflation, etc. to show how much we needed to contribute to pay for \~75% of the total cost of an in-state public university, and set up paycheck deductions, treating it like another retirement account. We plan on reaching FI sometime between 2025 and 2030, with our kids hitting college age in the early to mid 2030's. + +The problem is, I have *no idea* how to handle planning for the possibility that they get into and want to attend a fancy pants college, which can cost like 4x as much as in state public universities. I always kinda held out this vague hope that we might get decent financial aid if we stop working or transition into lower paying careers a couple years before they attend college, but hadn't really looked into the details. + +Now that I have, I'm kinda worried. [This article](https://www.forbes.com/sites/baldwin/2013/02/28/college-aid-formulas-fafsa-profile-and-consensus/#1d3dc27e1671) does a pretty good job of outlining the problems. There are aspects of FIRE planning that are good. Retirement account balances are shielded, for example. But outside of that, colleges assume that parents should spend *5% of their assets on college each year.* That's going to quickly drain 529 funds, and any taxable accounts you've set up. Roth ladders are a decent option, but they cause you to incur income each year, which is bad for the formulas. And pretty much all of the fancy schools are using CSS Profile or Consensus, which take a pretty deep dive into your assets. You *could* superfund a 529 in the expectation of getting no financial aid, I suppose, but there's a huge downside risk of penalties in getting the money out if they don't end up going to one of those fancy schools. + +So I'm just wondering if anyone else has done any planning, and what your ideas are. And yes, this is pretty much the textbook definition of an upper middle class first world problem. +I have lost count of the times I have seen people comment saying BTC and ETH are too expensive to invest in and it does not make financial sense to invest in something valued so high. This is generally followed up by individuals saying it is more worthwhile and financially sound to invest in cryptocurrencies under $1. There is a believe that this will have a chance of doing what BTC did and 50000x in price. This is of course fundamentally flawed. + +There is only 1 area of this logic that I can agree with. It is similar to small cap stocks/penny stocks. They have MORE room to grow in the sense they are VERY early on and if it is an extremely solid project and marketed right, this has more financial reward. HOWEVER, and this is a monstrous HOWEVER, actually successfully picking this gem of a project is extremely difficult and the sheer number of these projects that are scams, shitcoins is high. Look at the number of alt coins from the 2017/2018 bull that have disappeared and they were highly regarded in the space. And even if you pick a fantastic project, it doesn't even mean it will succeed. People leave jobs, marketing fails, the public don't invest etc. + +Ultimately, it doesn't matter what the price of the cryptocurrency is. You don't have to buy a WHOLE BTC or ETH. if you have 1 BTC or 0.01 BTC, a 100% gain is still double your money. This is the same for a 100% gain in BTC valued at $57000 or VET valued at $0.20. Both would net you the same profit. And no, VET is never going to get to the same price as BTC, that would literally require astronomical amounts of investment to do. + +If you are a new investor, and actively investing in this space. Please don't make this mistake. Don't let greed and a fantasy of a better life blind you from reality. A low-price coin does not give you better odds of making better returns, more often than not, I'd actually argue it will give you less. +I come bearing the scars of this turbulent market and I wanted to offer guidance for people struggling with the psychology of getting crushed. + +Yes, I’ve made mistakes and my account is nearly cleaned out but I realized there are still highlights. It’s important to take stock of the blessings in your life no matter what they are in order to stay grounded. + +For example: While my account has been sliding backwards for months I haven’t used any money I need to get by, allowing me to chalk up mistakes as market tuition and to realize it’s “just money”. Meanwhile, people in other parts of the world are losing everything including their lives making me realize it could always be worse. + +On a personal level, I’ve been able to evaluate success by learning important lessons. I stay grounded by realizing I’ve only been trading for a few months and to not get wrapped up in the fact I’m not wildly successful; yet. This takes time. + +TLDR: Stay grounded my friends. What have you learned recently that you want to share? +Like many others on here, I’ve seen so many incredible stories and thought wow how did people do that. No doubt a lot of hard work and smart budgeting went into it, but I think it’s also important to acknowledge that there was a lot of luck - the stock market has been on an amazing run the last 10 years. If you started working and saving 10 years ago, the S&P 500 was just over 1000. It’s now over 3300, and that doesn’t account for dividends. Compare that to the previous 10 years when it was basically flat. Just something to keep in mind. We all do the best we can but somethings are out of our control. +I know this is somewhat on the "life advice" rather than "financial advice" front. I'm posting here because I'd like some advice from people with a more financially literate mindset. I may also post in grad school subs for other advice. + +I'm currently in my 2nd term of a thesis-based MS degree in a sub-field of biology. My career goal post-graduation is to work for a government agency - US Fish & Wildlife, state fish & wildlife, NOAA, USDA, EPA, etc. - or non-profit. My financial goals are to be able to afford bills at retirement (at 65 or 67 years old) and hopefully travel (budget international travel, or minimal RV camping in the USA). + +I'm currently 34 coming into this degree after an 8-year career teaching public school, which I ultimately decided was not for me, but I could return to in a pinch. + +**Finances**: + +I owe \~45k in student loans from my teaching master's degree. I have 8 years of certified employment toward PSLF and am currently in in-school deferment. Two years of working in government or NGO would clear my loans. + +I'm not paying for my current degree. I'm a on grant through the Bureau of Reclamation and I receive full tuition remission, health insurance, and a $24k stipend. My lab could fund me, including yearly COLA, through a PhD if I wanted. + +I have 8 years in the public employee retirement from teaching but have minimal retirement savings otherwise (maybe $20k?). + +I own my house with my partner and we currently pay $900 each to cover mortgage and utilities. I get a check for $1800 each month and I pretty much spend it all after bills, groceries, textbooks, and occasional activities (scuba diving, skiing, etc.). + +&#x200B; + +I'm loving my research and everyone in my lab. My school is welcoming and it's near my hometown. I love the surrounding area and would ideally want to work near here after graduation. Selfishly, I would love to be able to add "Dr." in front on my name. + +My big concern is that I may be 40 if I stay to get a PhD. While this would likely start me at a higher salary, it would not be higher than the yearly increases I would get entering the field earlier with a MS. I'm also not sure what, if any, age discrimination I might experience (though I do look really young -- except the gray hairs). I would also lose out on \~4 years of retirement accumulation during the PhD. I don't really know how much this will make or break my retirement goals. + +**Advice?** Any perspectives are helpful. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [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! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [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) +We are on our last $6.80. My wife went to safeway to get a bag of dog food with our last $6 plus 80 cents we found in the car. The cheapest bag was on sale for $6. Great! + +We get checked out and with tax came out to $7. And out to find some change, to no avail. + +Come back in and say "sorry we couldn't find the change, can we use that quarter in the spare change container?" + +Her: "sorry we can't let you use it, it goes towards our donation fund at the end of the night" + +And we apologize we can't buy it and holding up the line with some snarky ahole behind us glaring at us. And go to walk away and then the cashier says "oh, your poor dogs. How are they going to eat tonight? So sad!" Half way across the store. + +Yeah fuck you lady. +I’m a kidney doctor and the estimates of the death rate from Coronavirus for patients with one comorbidity such as diabetes are alarming (8% from what I have seen). + +Patients on chronic dialysis have at least one chronic medical disease (kidney failure) and usually also diabetes and high blood pressure. They are also usually older people. + +Davita makes its money by performing dialysis chronically for patients, fewer patients = less revenue. It has had a 35% increase in its share price over the last year. + +If it loses 8-10% of patients this year and possibly next year earnings will definitely take a hit. + +TLDR: DVA 67.5p 4/17 and 7/17 +Fresenius is also a possibility but puts are more expensive and it’s business is more diversified in dialysis equipment manufacturing. + +Would post screenshot but order was just placed so it’s not in effect yet +There seems to be a good mix of both styles in the sub-reddit. + + +My research shows that most people will not outperform low cost index funds .. If you do pick your own stocks why do you go against this general advice and how have you found your performance? + + +I'm trying to decided if it's worth a subscription to something like Stockopedia and investing myself over index funds ... +Hi, I am new so appreciate any advice. + +31M I recently started investing with Vanguard and chose the LifeStrategy 100% Equity Fund as this seemed a sensible option for the long term. I have £20K saved but my idea was to use around 8k (which I planned to deposit 2k per month) with Vanguard and hold for the long term (20-30 years) and use the rest for an emergency fund plus I am getting married next year. + +I currently have 3k in the LifeStategy and 1K in S&P 500. I can also commit to investing £350 a month long term into Vanguard which would be split £250 to LifeStategy and £100 to S&P500. + +My question is would I be better using something like a Global All Cap fund rather than the LifeStrategy? Is the LifeStategy weighted towards the UK? Do I need more diversification than these two funds? + +Anything appreciated, thanks in advance +Hi, + +I had purchased ASML stock last year through HL ISA account. + +This year I am planning to transfer my ISA account to Interactive Investor - to consolidate everything at one place. + +During the due diligence, II informed me that ASML is NOT allowed to be traded on their platform because it is no listed on "standard exchange" - their words. + +So after calling them they clarified that I cannot buy this stock on II, howerver they will allow me to sell it once the transfer is over. + +I am not sure I understood their point. The person on the call could not provide any more information. Their trading desk, that puts such control in place is not available on phone. + +Now I understand that it is a ADR, but why two brokers treat 5his differently. + +So, can someone please help me understand what would be the reason in this case? + +https://www.hl.co.uk/shares/shares-search-results/a/asml-holding-nv-eur0.09-adr + +Thanks +Shrini +Deliveroo's IPO is fast approaching, in Q1 2021. Here's my take on its competitive position: + +**DISCLAIMER: THIS IS NOT FINANCIAL ADVICE** + +# Executive Summary + +* Industry trends suggest consumers are steering towards sustainability and health & wellness, and away from “unhealthy” habits +* It’s not clear how post-covid will affect the sector. Deliveroo expects demand to drop +* Low industry attractiveness due to the high degree of substitutes, low barriers to entry, and high fixed costs +* The sector has an adaptive environment and can easily be disrupted by tech. Despite not having a scale advantage, Deliveroo has strong execution capabilities to win in this environment +* Is creating a 3-sided marketplace to add value for customers, restaurants and couriers, which is essential to win +* Differentiates through big restaurant chains rather than quick-service restaurants, and recent entry into grocery and alcohol. However, this differentiation is likely not sustainable in the long run +* UberEats poses a significant threat, but Deliveroo is leading the way in the sector through innovation, differentiation, and a niche offering +* Has shown signs of profitability and has a somewhat diverse revenue stream +* For 2021, growth plans include scaling Editions, grocery, Plus and introducing new features + +# Recommendation + +It's certainly no doubt that it's a risky investment, but the environment of the sector means that incumbents win through execution capabilities, and Deliveroo certainly has strong ones (alongside innovation capabilities, strong differentiation, signs of profitability, value add for primary stakeholders, and niche offering). Plus it has backing from Amazon. For me, all of this means that Deliveroo will be a key leader in the sector in a few years time (in terms of market share and revenue). + +Of course, entry strategy is a whole different story... + +&#x200B; + +If you'd like to understand the logical reasoning behind the arguments, I made a post, check it out [here](https://jitenchablani.medium.com/should-you-invest-in-deliveroo-7cabc5dd43f) + +Curious to hear your take on it. +I am aware of the concept of compound interest and do ‘understand it’ to an extent. + +The thing is, I am struggling to get my head around how you would apply compound interest when dealing with markets. + +£1 in a bank generates interest and then the interest generates interest. That concept is fairly straight forward. + +However, when you buy a share at say £1, and it goes up to £2, the £1 gain is only realised once sold, right? How does compounding work in this case? I saw a comment in this post https://www.reddit.com/r/UKInvesting/comments/fpdy8o/do_investments_generate_compound_interest/?utm_source=share&utm_medium=ios_app&utm_name=iossmf that touched on it but more clarification would help immensely! Thanks in advance! +Hello, I was just curious as to what are some good courses or degrees (at specific universities) which would be good for learning more about investing and getting proper training. + +Thanks for the help! +anyone know of any financial advisors in UK who charge for advice? +Eg hourly rate to answer questions etc + + +My needs are quite complex (not just chucking money into index funds in ISA) but i am unwilling to pay 1% to these guys to manage my portfolio when all they will be doing is investing in the same stuff i will be. + + +I just have technical questions and would like an opinion on my stategy/portfolio, without full management + + +Every advisor wants their full management fee and the ones i've spoke to don't even seem informed. In terms of the actual management it seems they don't even do that directly, just pass it off to vanguard/fidelity etc + + +I guess i'm being too hopeful +Hi All, + +I currently have some long term single US stocks in my trading 212 ISA account but I’m planning on moving to H & L in April, i want to leave them in my 212 account to avoid the additional charges from HL but if I want to sell them in a few years time will I be able to even though I have another ISA that I’m paying in to already? +With SVS recently going in to administration, is there a risk with HL? Are clients stocks, OEICs and Trusts ring fenced? + +I know HL is a FTSE 100 company but it could happen to any company. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. + Hi, + +Is anyone here invested in LT UK? + +How do you feel about it right now? + +Every time I look something else has gone wrong for the fund. + +I will be honest, it's one of the first things I invested in when I didn't really know what I was doing. I went in too heavy and it's roughly 20% of the portfolio I run for my kids futures at the moment. + +I have held it for what must be around 3 years plus. It's around 4% up at the moment. + +I keep telling myself that their time is coming and it will improve. But it just continues to disappoint. Much like their Japan fund that I also own... + +I keep wanting to halve the holding, but would kick myself if it did take off later this year. So I'm a bit torn. It's the only time I have been really. + +Looking for opinions on this one. Are they just too stubborn nowadays? I don't feel good about some of the main holdings like Hargreaves. + +Thanks for any input. Don't roast me too hard, I was new to investing when I did this! +Hi All, + +I drank the Kool Aid over the last year or so with regard to passively managed funds and switched to mostly passive index funds such as Vanguard FTSE Global All Cap. + +However, on review, my best performing funds have been managed funds such as the Baillie Gifford American and Lindsell Train Global Equity. I must admit these were chosen purely on the basis of Hargreaves Lansdown's Wealth List which has came in for some understandable scrutiny over the last 12 months. They weren't informed decisions but they did do very well. + +Now I have a good chunk of money in passive funds, I would like to try and take advantage of these potential market-beating gains and diversify my future investments into managed funds. I was wondering if, similar to UKPersonalFinance having consensus on which passive funds are best, whether there was a similar consensus here for actively managed funds here? + +Thanks! +Apparently their fees are fairly high, but if you plan to invest long term (>10years) do the fees really matter? + +Just wanted a general opinion on the brokerage anyway. + +Thanks +It looks like there's going to be another crash in the market because of Covid and Brexit. I have a few stocks I am looking at from a long term perspective, but I am looking at swinging a few positions. +Tell me, what's on your radar to swing in the coming months? +Hello All, + +Which investment trust/s would you invest in now? + +I have about £65k sitting in cash in my SIPP and I want to invest it long-term into an investment trust/s. + +I like (active) investment trusts as they have people staring at Bloomberg every day (so I don’t have to) reacting to the markets - and if the Investment Manager isn’t performing, the Board can move the trust to another Manager. I accept this costs me more than passive ETFs. + +If I can’t come up with (more?) interesting options, I’ll probably add to my ATST, MRCH or BUT holdings - but as they all invest only(?) in listed equities, I’m not sure they are making the most of ITs’ capability to invest in non-listed equities. (Though I’d like to avoid investing in a ‘Woodford’.) + +Any dividends will be used to add to the holdings. + +So what investment trust/s would You invest in now, and why? +So as the title says I am completely new to investing. I have never invested before and I have literally no idea where to start or even (embarrassingly) what platforms I can use. Are there good forums/books/how-to's that can get me started the right way? + +This all started on a bit of a whim. Was researching online investment services like Nutmeg but much of the advice boiled down to "why not do it yourself?" I know I have the ability to do it and I want to begin investing my money for the future. So, in the spirit of wanting to try something new and hopefully making this a long term interesting hobby and money making venture, how can I start? + +All advice welcomed. This is something I want to pursue and from tomorrow onward I will be researching like crazy - some pointers would be quality! +What are peoples thoughts on GAW, do people think the £ 100 + Stock price will float around £ 100 for much longer? How are people currently approaching this personally? + +I've personally held this stock for a long while and is doing me well, I first brought mine in 2019 \~ £ 30 and was originally a purchase made purely because I love Warhammer 40K and without much understanding of shares, however it's turned out fantastically for me. Shout out to those who brought even earlier! + +[https://investor.games-workshop.com/2020/11/06/trading-update-11/](https://investor.games-workshop.com/2020/11/06/trading-update-11/) They've done well over COVID, and I don't personally feel scared of this stock dropping too quick, soon. Like to see what their next updates detail. + +https://preview.redd.it/z91fgihraly51.png?width=1349&format=png&auto=webp&s=6decd06d0b316f6e27df8a108ae84cf8598fa33e + +[Round two!](https://www.reddit.com/r/Superstonk/comments/sdc0ce/hester_peirce_voted_no_today_for_hedge_fund/) since she won't stop with the Mercatus Center agenda (see below) + + + +After [last times vote](https://i.redd.it/ud1ada6jy1e81.jpg) it seems relevant to discuss why this no troll exists in the SEC, she's paid to be there by the Mercatus Center, she helped write Dodd-Frank and now attacks it for how much it sucks, but also defends wanting no changes to it, and the law firm represents the shit banks in really sketchy situations, they also [are lobbyists.](https://imgur.com/FXhwLNT.jpg) and have [direct financial ties to Citadel](https://imgur.com/XBiRg0G.jpg) (that's a retainer fee from 2004, it went on for more years) + +&nbsp; + +> Peirce started her career as a clerk for Judge Roger Andewelt on the Court of Federal Claims from 1997–1998. Afterwards, she was an associate at Washington, D.C. law firm [Wilmer, Cutler &amp; Pickering (today WilmerHale) between 1998 and 2000.](https://en.wikipedia.org/wiki/Hester_Peirce) In 2000, Peirce served at the Securities and Exchange Commission, first as a staff attorney in the Division of Investment Management from 2000 to 2004 and then as counsel to Commissioner Paul S. Atkins from 2004 to 2008. + +> Afterwards, Peirce worked as part of Senator Richard Shelby's staff on the Senate Committee on Banking, Housing, and Urban Affairs. In that position, [Peirce's work mostly centered on the financial regulatory reform in the aftermath of the financial crisis of 2008 and the oversight of the regulatory implementation of the Dodd–Frank Act.](https://www.reuters.com/article/us-usa-trump-sec-idUSKBN1972K7) + +&nbsp; + +> [In that position, she oversaw financial regulatory reform efforts following the 2008 financial crisis and conducted oversight of the regulatory implementation of the Dodd-Frank Act](https://cle.cobar.org/cvweb/cgi-bin/memberdll.dll/info?WRP=facultyBio.htm&amp;customercd=529136) + +&nbsp; + +She attacks Dodd-Frank now + +> HESTER PEIRCE + +> Testimony Before the Oversight and Investigations Subcommittee of the Committee on Financial Services of the US House of Representatives + +> May 13, 2015 + +> Chairman Duffy, Ranking Member Green, and members of the Subcommittee: thank you for the opportunity to appear before you today. The financial crisis of 2007 to 2009 shook this country deeply. It upended the lives of Americans, many of whom found themselves without jobs and homes. As the crisis unfolded, the desire to do something in response was thick in the air in Washington, DC. + +> The general sentiment in favor of action was not matched with specifics about what the problems were and how they could best be solved. People were angry and scared and understandably wanted to do what was necessary to prevent a similar crisis from happening again. [The hastily crafted response—the Dodd-Frank Wall Street Reform and Consumer Protection Act does not make another crisis less likely. To the contrary, it sets the stage for another, worse crisis in the future.](https://financialservices.house.gov/UploadedFiles/05.13.2015_Hester_Peirce_Testimony.pdf) + +> The flaws of Dodd-Frank are not surprising; the drafters were working quickly under difficult circumstances without full information. Rather than relying on its own investigative powers, Congress delegated much of the legwork for determining what had gone wrong to the Financial Crisis Inquiry Commission. + +> That commission produced its report six months after Dodd-Frank became law. [Commission member Peter Wallison points out in his dissent to that report that “the Commission’s investigation was limited to validating the standard narrative about the financial crisis—that it was caused by deregulation or lack of regulation, weak risk management, predatory lending, unregulated derivatives and greed on Wall Street.” That popular but inaccurate narrative undergirds Dodd-Frank and continues to misinform debates about whether Dodd-Frank is working.](https://financialservices.house.gov/UploadedFiles/05.13.2015_Hester_Peirce_Testimony.pdf) + +Says the above, defending wall street + + +> In addition to its new responsibility for systemically important nonbanks, Dodd-Frank otherwise expands the role of the Federal Reserve Board. [It has supervisory authority over, among others, a large array of bank holding companies, savings and loan holding companies, and insurance companies. FSOC is looking closely at the asset management industry, so the Board’s supervisory mandate could expand further.](https://financialservices.house.gov/UploadedFiles/05.13.2015_Hester_Peirce_Testimony.pdf) + +> A consequence of the Federal Reserve Board’s broad authority over a wide range of institutions is homogenization across the financial industry. Although the Board likely will make some adjustments to accommodate industry differences, similar liquidity, capital, and risk management requirements could lead firms to hold similar assets. + +> This homogenization could increase the likelihood that a problem at one firm would spread to other firms. Stress testing and resolution plans may further enforce a system-wide uniformity, which could prove harmful, particu�larly in a time of market stress. + +&nbsp; + +Now I want to remind you why [the other commissioner's (Elad) law firm is mad about Dodd-Frank reform- they are protecting these people from reporting what they are doing, they put it in place initially](https://www.sec.gov/comments/s7-39-10/s73910-88.pdf) + +> Many such entities enter into interest-rate, currency and credit default swaps to manage their currency reserves and +domestic mortgage and related securities portfolios. Agencies potentially affected include +central banks, treasury ministries, export agencies and housing finance authorities. The volume +of such transactions is substantial and may well exceed the levels proposed in the Commissions' +definition of "major swap participant." + +&nbsp; + +She's fully ~~paid~~ sponsored by Mercatus Center + +> [SEC nominee Hester Peirce received 98 percent of her salary directly from the Mercatus Center, a “think tank” that provides an academic façade to a radical anti-regulatory agenda.](https://theintercept.com/2015/11/12/nominee-to-oversee-wall-street-works-at-think-tank-dedicated-to-blocking-regulation/) + +> her formal title — senior research fellow and director of the Financial Markets Working Group at the Mercatus Center at George Mason University — which sounds a lot like an academic post. + +> But Peirce, new disclosures show, received 98 percent of her salary directly from the Mercatus Center, a “think tank” that provides an academic façade to a radical anti-regulatory agenda. The Center’s so-called research reflects the lobbying priorities of its corporate funders — chief among them, Koch Industries. + +> The Mercatus Center has been described by the Wall Street Journal “as a coordinating center for lobbyists trying to block a flurry of regulations.” Congressional records show the think tank routinely cited in over a dozen hearings over the last two years by lawmakers seeking to roll back regulations on business interests. + +&nbsp; + +> [At a recent event hosted by the Bipartisan Policy Center, the Securities and Exchange Commission’s (“SEC”) Hester Peirce expressed criticism about the registration provisions for private funds. The SEC commissioner said such funds are not a systemic risk to the financial system, but they are often viewed as banks. Rather than rely on the Dodd-Frank Act-mandated requirements, she wants to do away with the provisions altogether.](https://www.cbh.com/guide/articles/sec-commissioner-condemns-registration-requirements-for-private-funds/) + +> While preferring that there is no mandatory registration of private fund managers, Peirce is open to curtailing the requirements. She highlighted the difficulty in determining where the systemic risk comes from in this part of the financial industry, and the requirements stem from a lack of understanding. Peirce is also open to offering safe harbor to private funds that are examined by another supervisor. If another supervisor reviews the funds, then it can be policed by that supervisor. + +&nbsp; + +Let's check the same pattern as Elad, predatory lending/vulture investing law firm. + +> Wilmer, Cutler &amp; Pickering (today WilmerHale) + +[First court filing](https://imgur.com/fRzsk5A.jpg) seems to [be a similar pattern.](https://imgur.com/8uk5FQi.jpg) and [a second page](https://imgur.com/c85yQZy.jpg) + +&nbsp; + +> [A team of white-collar defense partners from five large firms advised Goldman Sachs in a foreign bribery investigation that culminated Thursday with record-setting $2.9 billion resolution. Under the supervision of Goldman Sachs' general counsel, lawyers from Sullivan &amp; Cromwell, Paul Hastings and Kirkland &amp; Ellis, along with Winston Strawn and ***Wilmer, Cutler, Pickering, Hale and Dorr, handled various portions of the probe, which centered on the bank's role in a Malaysian bribery scandal.***](https://www.law.com/radar/newsfeed/all-the-big-firms-that-guided-goldman-sachs-to-a-record-setting-foreign-bribery-resolution-398-61398) + +They both are clients of Goldman Sach's + +&nbsp; + +2014 + +> [Barclays Plc has hired lawyers from the high-profile firm Wilmer Cutler Pickering Hale and Dorr LLP to help the bank defend itself against accusations that it deceived investors in its "dark pool" trading venue, according to people familiar with the matter.](https://www.reuters.com/article/barclays-lawsuit-idUSL6N0P850820140627) + +> Matthew Martens, formerly the chief litigator at the U.S. Securities and Exchange Commission, is among the WilmerHale lawyers working on the case, the sources said. + +*** + +> [“The facts alleged in our complaint show that Barclays demonstrated a disturbing disregard for its investors in a systematic pattern of fraud and deceit,” Attorney General Eric Schneiderman said in a statement: “Barclays grew its dark pool by telling investors they were diving into safe waters. According to the lawsuit, Barclays’ dark pool was full of predators – there at Barclays’ invitation.”](https://www.forbes.com/sites/marcelmichelson/2014/06/27/barclays-dark-pool-crisis-another-dent-in-confidence/) + + +&nbsp; + +Turns out [the law firm is a lobbying firm too](https://imgur.com/FXhwLNT.jpg) with a [giant list of companies that retain them....](https://www.opensecrets.org/federal-lobbying/firms/summary?cycle=2008&amp;id=D000000721) including Google, the entire sugar industry, Northwestern University, pharma, whomever ["Business Roundtable" is,](https://www.opensecrets.org/federal-lobbying/clients/summary?cycle=2007&amp;id=D000032202) JPMorgan, Citigroup, and even [had *CITADEL INVESTMENT GROUP under retainer in 2004](https://imgur.com/XBiRg0G.jpg) as [well as 2003](https://imgur.com/3STJSlT.jpg), Goldman Sachs and more. + +***These guys are the other lawyers and lobbyists for the shit banks and funds.*** +^((Sorry if you've already seen this, but too many apes messaged me asking to post here, and I didn't have the karma requirements to do so until a few days ago)) + +So I've been looking into the **MASSIVE** amounts of Reverse Repo lending and I think I came up with a theory that ties Shitadel into all of this. This is all speculation, so take this all with a big grain of salt.... + +What is a Reverse Repo (RRP)? Investopedia states: "A [reverse repurchase agreement (RRP)](https://www.investopedia.com/terms/r/reverserepurchaseagreement.asp) is an act of buying securities with the intention of returning, or reselling, those same assets back in the future at a profit. This process is the opposite side of the coin to the repurchase agreement." From the point of view of a bank, this is liquidity draining, since they are using cash reserves to get ahold of treasuries. If you're still confused on Repos, watch this great WSJ piece [here](https://www.youtube.com/watch?v=gzCkXNrjFQM). + +Ok, so what does this mean for us smoothbrains? Some of you may not know, but issues were arising with the Repo market as far back as September 2019. Basically, as [Wolfstreet](https://wolfstreet.com/2021/05/20/fed-drains-351-billion-in-liquidity-from-market-via-reverse-repos-as-banking-system-creaks-under-mountain-of-reserves/) states, + +"*In the fall of 2019, when the repo market blew out, the Fed stepped in and bought Treasury securities and MBS and handed out cash via repurchase agreements. When these repos matured, the Fed got its money back, and the counterparties got their securities back. The Fed also did this during the market rout in March 2020. But by July 2020, the last repos matured and were unwound.* + +*Now the Fed is doing the opposite, with “reverse repos.”* ***Repos are assets on the Fed’s balance sheet. Reverse repos are liabilities.*** *With these reverse repos, the Fed is now massively* ***selling*** ***Treasury securities to counterparties and taking their cash, thereby draining liquidity from the market – the opposite effect of QE.*** + +*This morning, the Fed sold* ***$351 billion in Treasury securities*** *via overnight reverse repos to 48 counter parties, thereby blowing past the brief spike at the end of March 2020, and more than replacing yesterday’s $294 billion in Treasury securities that it has sold via reverse repos to 43 counterparties and that matured and unwound this morning."* ***(This was as of last Thursday, as of Friday it reached $369 Billion, to over 50 participants. See the graph for yourself*** [**here**](https://fred.stlouisfed.org/series/RRPONTSYD)**)** + +&#x200B; + +[Overnight Reverse Repo Rates](https://preview.redd.it/so1la5g3e3171.png?width=574&format=png&auto=webp&s=d4daf4611078f88380cb0d334a8e280b2ddea174) + +That figure is MASSIVE. Fifth largest RRP transaction in the last decade, during a period of apparent relative calm in financial markets. + +Go read that whole article. Seriously. + +The SLR rule exemption expired in March 2021, creating potentially huge issues for banks that have been undercapitalized during Covid and been able to ride this out due to the exemption. What's the SLR? Well, I'm glad you asked: + +*"The SLR (Supplementary Leverage Ratio) is the U.S. version of BASEL-III capital adequacy norm and a Tier-1 leverage ratio; it varies from 3-5% common equity capital U.S. banks must maintain relative to their total leverage exposure. This is like a backstop to risk-weighted capital requirements."* + +Basically, the Fed was worried that many banks would be bankrupt (at least on paper) during the March 2020 crisis as corporate debt default rates skyrocketed and their securities started collapsing en masse. So, they changed the rules of the game, basically exempting banks from having to keep a percentage of capital on their balance sheets to stay solvent and allowing banks to lend more than they normally would be able to, supporting asset prices and ensuring the money markets and corporate debt markets wouldn't collapse. + +But now, the FED is selling treasuries-effectively withdrawing liquidity from the system? Why the hell are they doing this? Isn't that the opposite of QE? Wouldn't that put the banks and their prime brokers at risk (whose liquidity is already being squeezed by the new DTC/ICC/OCC rule changes)? + +I was reading through some comments when I found this gem: + +&#x200B; + +[UHH WHAT](https://preview.redd.it/zpfi89j8e3171.jpg?width=1080&format=pjpg&auto=webp&s=63d3302ade20a71e86addc45667cd24f71ef3b4b) + +Then it clicked. Remember [u/atobitt](https://www.reddit.com/u/atobitt/)'s godlike DD [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)? I am drawn to a specific paragraph from Step 4: + +*"So the fed is printing free money, the repo market is lending free money, and there's basically NO difference between the collateral that's being lent and the cash that's being received.. With all this free money going around, it's no wonder why the price of the 10 year treasury has been declining.* + +*In fact, hedge funds are SO confident that the 10 year treasury will continue to decline, that they've* ***SHORTED THE 10-YEAR BOND MARKET.*** *I'm not talking about speculative shorting, I mean shorting it to oblivion like they've shorted stocks.* + +*Don't believe me?* + +*Hedge funds like Citadel Advisors must first locate the treasury bond in order to swap them for cash in the repo market. It's extremely difficult to do this with the fed because they're tied up in government BS, so they locate a lender in the market. These consist of other commercial banks and hedge funds.* + +*So financial institutions keep treasuries on reserve for hedgies like Citadel to short. Citadel comes along and asks for the bond, they throw it into Palafox Trading and collect their cash. So what happens when they need to pay for their repo agreement? Surely to GOD there are enough bonds floating around, right?* ***Not unless hedge funds like Citadel have shorted more bonds than there are available."*** + +***Guess what? 90% of the Bonds used in Reverse Repos have a maturity over 1 year, per this graph from an SEC research*** [paper](https://www.sec.gov/files/mmfs-and-the-repo-market-021721.pdf)**:** + +&#x200B; + +[Most of the Repos being used are \>1 year maturity](https://preview.redd.it/nutfgs24f3171.png?width=659&format=png&auto=webp&s=90a74caf5a448d9ce840627a417520ee0d3ffff3) + +Citadel shorts the entire 10 year bond market, and now most of the securities being used as collateral are of a similar maturity. **Strange huh??** + +Well FUCK. The hedgies have shorted a shit ton of treasury bonds, borrowing these securities from their big daddies the prime brokers/banks. BUT, now the SLR exemption has [expired](https://www.cnbc.com/2021/03/19/the-fed-will-not-extend-a-pandemic-crisis-rule-that-had-allowed-banks-to-relax-capital-levels.html). Previously, the banks were allowed to go down to a 0% capital reserve ratio, but **now they have to keep some assets on hand to remain solvent at all times.** Just see this letter written from Senators Warren and Brown of the Senate Banking Committee to the Fed, FDIC, and OCC: + +*"On April 1, 2020, the Federal Reserve Board of Governors (Fed) released an interim final rule* *(IFR) that allowed bank holding companies to exclude U.S. Treasuries and deposits held at* *Federal Reserve Banks from the calculation of their Supplementary Leverage Ratio (SLR)* \*through March 31, 2021....\****This change resulted in a $55 billion reduction of capital requirements for the largest banks.*** *The stated rationale for this change was to allow banks to “expand their balance sheets as appropriate to serve as financial intermediaries and serve their customers.”* ' + +So, U.S. banks were allowed to temporarily exclude holdings of UST and cash kept in reserve at the Fed from their assets when calculating the ratio. Basically, this meant that the treasuries they owned could now be lent out to hedgies to short in the market for the duration of the Covid-19 crisis. But, this exemption has expired- now they HAVE to have a higher amount of reserves at the Fed ( reserves are like a bank account that cannot be withdrawn), largely in the form of treasuries. Hedgies who are short are hitting FTDs, and now the big banks cannot loan them any more because they are required to hold them in reserve at the Fed. And per the comment above, who has all the treasuries? The FED. Now the system is truly straining as liquidity keeps drying up as these HFs need treasuries to cover FTDs that may **exceed the amount of treasuries in existence, per Atobitt.** + +Likely, they are having the banks do overnight repos, but they themselves are writing 1 week/month repos to continually buy themselves some time. Thus giving them enough Treasuries to satisfy the bare amount of FTDs they need to in order to stay alive. + +Liquidity is being sucked out of the system at an unprecedented rate. This can't continue forever. Something is going to break. + +Check out this section from an [article](https://blog.pimco.com/en/2021/03/slr-expiration-treasury-markets-likely-to-shoulder-the-costs#:~:text=The%20Federal%20Reserve%20on%2019,from%20the%20COVID%2D19%20pandemic) written by Pimco, one of the largest fixed income investment management firms: + +&#x200B; + +[Deteriorating Liquidity \(written March 22\)](https://preview.redd.it/gyx2zqqje3171.png?width=708&format=png&auto=webp&s=7aeb6cb9ddc96f01b3b1861a7dbbaa4ed8708e79) + +DO YOU GUYS UNDERSTAND HOW CRITICAL THIS IS? Treasuries are NOT normal fixed income instruments. They are literally the **backbone of the entire financial system. Almost every other price is indirectly derived from treasuries: LIBOR (used for lending), WACC Discount (used to price stocks), ARMs (adjustable rate mortgages), Credit cards, auto loans, venture loans, Lines of Credit, etc etc.** + +Hedgies r FUKd. It's only a matter of time. **There is no fucking way that the Big banks/Fed will allow the collapse of the banking system just for a few hedgies and an egocentric MM CEO who has dreams of being a trillionaire.** + +TL/DR: Hedgies may be using the banks as intermediaries to facilitate treasury borrowing so that they can locate treasuries and kick the can down the road. This is draining liquidity from the system, and is actually undoing QE. Hedgies (shitadel) may have shorted more treasuries than exist, and are digging their grave deeper by continually borrowing more and more in order to survive. + +BUY, HODL, VOTE GME. + +edit: added chart from SEC research paper, and link. Fixed another grammatical error. + 🌐 Website: [https://www.everrisecoin.com](https://www.everrisecoin.com/) + +✍️ Bsc Contract: 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a + +📢 Telegram: [https://t.me/everriseofficial](https://t.me/everriseofficial) + + EverRise has established the new standard of DeFi tokenomics with its innovative Buyback system and game changing use-cases. + +EverRise will soon release their first use-case, EverOwn, which will help developers build trust in their community by giving them the ability to renounce their contract while maintaining the ability to make improvements with a community vote to return the contract. + +**EverRise’s CEO and Developer “TITAN” will be Doxxing himself during the launch of EverOwn with a live demo of how EverOwn will be used.(Date TBA) Join our telegram for updates and more information.** + +&#x200B; + +☀️THE BUY-BACK SYSTEM☀️ + +&#x200B; + +On the EverRise protocol, $RISE tokens are bought back from the market, resulting in an immediate effect on the price. + +These repurchased tokens are then instantly burned, permanently removing them from the circulating supply. + +The EverRise buyback function, also known as The Kraken, is funded by the strategic buyback fee. The tokens are converted into BNB and securely stored in the EverRise contract (while also sending the project sustainability percentage to the marketing wallet). + +The BNB locked and stored in the EverRise contract is known as the Kraken’s Strategic Reserves. The EverRise contract is coded so that the Kraken’s Strategic Reserves can only be utilized to buyback $RISE from the open market via the liquidity pool. + +These funds cannot be sent to any external wallet. + +Once the $RISE tokens are bought back, the new BNB amount is added to the liquidity pool and the $RISE tokens bought are immediately burned. This creates a true burn and guarantees the price per token will increase every time a buyback is activated. + +&#x200B; + +🔥35K+ BNB used so far in strategic buy-back burns (23.56% of circulating supply)🔥 + +&#x200B; + +The Kraken Strategic Reserves are deployed at specific moments to create stable floor prices during downward market trends, chart manipulation, or whale dumps. + + Holders are additionally "auto-staked" instantly receiving 2% of the transaction volume and you can watch your wallet grow in real-time. + +&#x200B; + +💎 THE EVERRISE ECOSYSTEM 💎 + +&#x200B; + + EverRise’s game-changing ecosystem and EverRise dApps will bring a true revolution to the cryptocurrency space. + +Our dApps: EverOwn, EverWallet, EverSwap, EverLock and EverSale will solve key problems in the crypto industry and will bring a new dimension in personal and project security for crypto. + +All dApps are coming to both the Binance Smart Chain (BEP-20) and the Ethereum blockchain (ERC-20). + +The EverRise Kraken Strategic Reserves will be fed both by the volume of transactions on RISE/BNB and the external ETH and BNB revenue from the dApps. + +This provides stability not only for the EverRise native token, but all projects within the EverRise ecosystem through their required reserve holdings of EverRise. + + This further protects EverRise ($RISE) investors and allows more power for the true price increasing buyback burns that the Kraken performs. + +&#x200B; + +📄 TOKENOMICS AND PROJECT SUSTAINABILITY 📄 + +&#x200B; + +The EverRise contract is coded to collect 11% in fees from all transactions (buys, sells and transfers), to be dedicated into the following: + + \* 6% for strategic buyback funds + +\* 2% as commission to holders (rewards through reflection) + + \* 3% contribution to project sustainability: enhancements, operations and marketing ✅ ACHIEVEMENTS ✅ + +\* Blue Checkmark Verified on BscScan + +\* CoinPayments integration for payments on Shopify, Magento and WooCommerce + + \* MyCryptoCheckout integration for payments on Wordpress Sites + +\* Listed on CMC, CoinGecko & Blockfolio + + 4K BNB Presale sold out in 10 seconds + +\* 76K+ Holders + +\* 34K+ Members on Telegram + + \* $39m+ Market Cap + +\* 5.5K BNB ($2.2M+ USD) "Kraken" Strategic Reserves + +\* 35K+ BNB used in Strategic buy-back burns (23.56%) \* Code audited by Certik(85) and Techrate + + \* Included on PancakeSwap Top 100 List + +\* Most searched token on CoinMarketCap [https://twitter.com/CoinMarketCap/status/1411859090964467714](https://twitter.com/CoinMarketCap/status/1411859090964467714) + +\* The most engaged community in the crypto world and the most trusted Dev & Team + +\* Just hired experienced a Legal and Business Director 💰 MARKETING 💰 + + \* Big marketing wallet for non-stop promotion + +\* DAVID GOKHSHTEIN joined the Core Team as Branding Consultant + +\* Wasso from Hodge finance (Marketing) has joined the Core Team + +\* Marco Calicchia from CertiK (Business Development) has joined the Core Team + + \* 2nd July NY Times Square Billboard + +\* Luna PR as agency of record + +\* Donated $100,000 to Binance Charity Fund + +\* 11th July Btok ads in China started for 5 weeks \* Certik AMA with Doxxing on July 15th + +\* 21st July London Billboard on the dominating Europe’s largest financial district, The Screen @ Canary Wharf \* Poo Coin and BTOK Ads running 24/7 🔼 NEXT STEPS 🔼 + + \* EverRise to become a registered company + +\* Ads campaign on more platforms \* dApp EverOwn (Contract locking; allowing community vote to unlock if fixes need to be made) + +\* dApp EverLock (Liquidly locking) + + \* dApp EverSale (Pre-sales) \* dApp EverWallet (Wallet) + +\* dApp EverSwap (Swap) \* More big announcements coming soon + +&#x200B; + +🌐 Website: [https://www.everrisecoin.com](https://www.everrisecoin.com/) + +&#x200B; + +📢 Telegram: [https://t.me/everriseofficial](https://t.me/everriseofficial) + +&#x200B; + +🐦 Twitter: [https://twitter.com/everrise?s=21](https://twitter.com/everrise?s=21) + +&#x200B; + +✍️ Contract: 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a + +&#x200B; + +🔝 Or type EverRise into PancakeSwap and select RISE from "Top 100 List" + +&#x200B; + +📋 Certik Audit: [https://www.certik.org/projects/everrise](https://www.certik.org/projects/everrise) + +&#x200B; + +🔒 Liquidly locked for 1 year (Connect wallet to see it correctly): [https://dxsale.app/app/pages/dxlockview?id=3651&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=3651&add=0&type=lpdefi&chain=BSC) + +&#x200B; + +🔐 Dev wallets locked until January 2022 + +&#x200B; + +☀️ With #EverRise, we all $RISE together ☀️ +“Maybe I should have voted... +I should have sent my proxy... +Ah, it’s ok, enough people will vote I don’t need to it...” + +In the last 10 years there has been a number of surprising election-based results across the globe. + +Have you ever looked at the outcome and thought, “wow- didn’t expect that to happen”, or even- “wow that was closer than I thought...” 🤡. + +Vote for this thing and let’s do this the right way; by the leaving the SHFs in our rocket fuelled, ape-contaminated dust. + +Buy +Hodl + +And for GOD SAKE- VOTE! + +Edit: damn autocorrect soz +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +My top (bottom?) 3 are: + +$PLTR - Sold for a profit, down 45% since + +$BABA - Sold for a very small loss, down 50% since + +$PTON - Sold for a small profit, down... 70% Jesus. Didn't know it was this bad. + +Honorable mention to $BYND - Lost like 10% on this but it's down another 30% since. + +Why I sold these? Got tired of holding a bunch of meme stocks and ended up just tossing all the money back into S&P500 like I've always done before 2020 warped my brain. +Hi folks, apologies for all the property-related questions lately. + +What are your thoughts on offering less than the "offers over" price listed on for-sale adverts? Do people do that? + +Whenever I see a listing that has "offers over" what I'd be willing to pay, I just close the advert and forget about it. Should I be still making an offer? I feel like it'd be a complete waste of both my and the real estate's time... but I thought I'd ask. thankyou. +Does anyone here have experience as to how this works exactly? Basically folks will put their house (2 mil or so) up as security for a house I'm looking at buying. We have a deposit but will it be required? Any complications to be expected? Thank you +I hate to be angry at (some of) the bitcoin community but right now I cannot avoid but being so. JP Morgan is a multinational bank that invests OUR money and then makes profits off it by investing and then gives us 1% return on its investments, and artificially boosting investments if they don't go their way. By panic selling, you are giving them the power to manipulate our currency against theirs. This guy has a vested interest to maintain power to the banks (the elite few) who control the vast majority of our money. Bitcoin goes against that in every way, removing the middleman for transactions (i.e. him). I cannot fathom how this is causing a panic sell, it's a banker... (switch the b to a w to know how I feel about that). + +I have started to try and disassociate myself from just mindlesssley buying branded items for the sake of it where a generic one more than does the job. + +However I'm due to buy a hoover today. + +I bought a cheaper cordless one but it is useless so in this case I'm more inclined to try one of the branded ones. + +Any recommendations are appreciated. Is Dyson the way to go or are there others just as good thanks? +Obviously puts are the correct play for a rational market. But the 🌈🐻slaughter this week points to the fact that the market is behaving like a boomer in denial. To get tendies you have to change your way of thinking! Think about the most boomer person in your life, and become them... think boomer thoughts, watch some cable news, type with your two index fingers while looking at the keyboard, bitch about millennial snowflakes. + + +Position: on the couch watching football reruns while wife fucks her millennial boyfriend +https://www.thetimes.co.uk/article/modest-earners-find-formula-to-retire-in-their-40s-fbk3p63bk + +Right, out with it - which one of you here writes for The Times, and why haven't you got our flowchart on the front page, or at least, on the editorial page. + +[Misc] +Sorry if this isn't the right place to post this in but saw a similar thread recently.. I graduated with a Bachelors in Crim Justice/Minor in Sociology, and am working as a paralegal at a small firm now. The pay isn't terrible but also not too good and I'm not very happy where I am now. Basically, it's not worth the small amount of money I make and I'm at a bit of a crossroads on figuring out exactly what I want to do. Regretting my area of study a bit now. + +Any advice on decent paying jobs that generally hire based off simply having any bachelors degree? + +TIA. +[https://finance.yahoo.com/news/us-world-biggest-oil-producer-172500673.html](https://finance.yahoo.com/news/us-world-biggest-oil-producer-172500673.html) + + Oil prices are high, energy worries are roiling the global economy, and the cost of filling up the gas tank is fueling [one of the biggest economic shocks](https://moneywise.com/investing/alternative-investments/ways-to-hedge-against-high-inflation?utm_source=syn_oath_mon&utm_medium=B&utm_campaign=22638&utm_content=oath_mon_22638_one+of+the+biggest+economic+shocks) in U.S. history. + +Unfortunately for American drivers, it’s familiar territory in a country that simultaneously leads the world in oil production but is among the planet’s biggest oil importers. + +Gas prices have started to retreat, bringing small relief in the dead of the summer travel season. But those prices still hover at $4.16 per gallon nationally. + +Considering President Biden’s failure to win production increases from Saudi Arabia — along with the criticized decision to send 5 million barrels from reserves to Europe and Asia — attention is again turning to the frustrating paradox of America’s oil export/import status. + +At $70 or more for a tank, it can be frustrating to watch as domestic oil leaves U.S. ports faster than foreign oil comes in. But it’s a decades-old challenge, and only the nature of the crisis has changed. +I'm wondering if someone could explain the housing market for me a bit. Does it always just trend upward or is there volatility and if so what causes said volatility? +I have a pretty good chunk in IRA's and mutual funds but I'm having a hard time swallowing the fact that my hard earned money is being converted to 1's and 0's in some computer network and can potentially be gone overnight. Plus, I don't think the FDIC would do much for us if things really turned upside down. + +Before I go sell off all of my retirement funds, please give convincing reasons why I should just stick to the standard retirement plan. + +**EDIT**: To clarify, I am not a doomsday prepper and I do not believe that the government/economy will definitely collapse in the near future. I am not dead set on going through with my crazy plan. I was just throwing it out there to see why this idea may be bad or good. + +So reading /r/technology specficially https://www.reddit.com/r/technology/comments/3s0e64/the_tpp_is_the_most_brazen_corporate_power_grab/ I came to wonder. So many people want the "0.01%" to not exist, that their wealth was spread out over the general population. + +My question is, if that indeed happened, that all the stockpiled money was actually distributed, wouldn't that simply deflate the value of the currency by exactly the same amount as the wealth added to each citizen? + +I get that trickle down economy doesn't benefit the middle man, but I don't see people better off if the 0.01% didn't have a massive stockpile of money. +I invest and don't mind the small gains. I look on this sub every now and then and see some of the losses you people make off options going from 100k to 0 in an hour. How do you people deal with your decisions? How do you all still have a house? I just don't understand, so many questions that I need answered. If I lost 50k in a day I would legit be broke, homeless, and would be selling everything I have to stay afloat. Where do you all work at, do you all make 200k+ a year from your job? Are you all surgeons and lawyers? Wtf +I'm 14 years old, and for the past year I've been very interested in bitcoins. I've tried getting them on localbitcoins, but my bank won't let me do a bank transfer until I'm 18 and everyone selling BTC for PayPal requires me to have past trades there. + +Every bitcoin exchange either requires me to be 18, or requires me to give some proof of identity. I'd do this, only my parents don't want me giving my passport (that's the only proof I have) on some "shady" website. + +I have a debit card. Is there any way I can buy some bitcoins with that, be under 18, and all without identification? + +p.s. I only need 0.01, but I'd love to be able to get anything up to 0.3. If anyone here is willing to sell some BTC for PayPal (I'm verified), please let me know and I'll be happy to buy. + +Edit: I'm in the UK btw. + +Edit 2: Thank you u/WVBitcoinBoy and /u/Petersurda for the tips :D If anyone has the last 0.003, I'll buy it for $1.20 on PayPal (it's $0.88 on Preev) + +Edit 3: Thank you so much for all the bitcoins you've given me! I can't tell you how grateful I am, and thanks again for helping me find I place to purchase bitcoins :) +SO lives in Florida and has been collecting unemployment since her resturant closed. Her father then helped her refile for the unemployment benefits. She then recieved about 10 backdated payments from Mass in unemployment, as she is a dependant to her mother in Massachusetts. Now she's super nervous about it and I dont know jack about the welfare system. Is this legal? What would be the next step for her? + +Edit: she collected unemployment from MA in March and April. Collected unemployment from FL in May and June. Not sure if this changes anything, but just to note she wasnt collecting from both states at the same time +So yesterday before going to sleep and decided to check the sub to see what was going on and saw myself facing the following post: + +&#x200B; + +https://preview.redd.it/qhpfqd8zz19a1.png?width=1348&format=png&auto=webp&s=4390016fedc8b2ede904e74ead3c17b5daed0f64 + +My first thought was *I can't believe I have to do this sh\*t again*. I say again because I wrote some posts ([here](https://np.reddit.com/r/CryptoCurrency/comments/ygq27b/influencers_how_many_wrong_predictions_make_a/) and [here](https://np.reddit.com/r/CryptoCurrency/comments/ynvaom/serious_influencers_how_many_wrong_predictions/)) showing how all of his predictions for BTC's ATH (when and how much) were wrong. All of them. My point here is that no influencer, even the highly-regarded ones, can predict the market. **It's** **nothing personal**. + +The OP of that post said that Cowen correctly predicted the dominance would be higher at EOY. I'm here showing he was wrong about that, since the value was 47% in June and **42% is less than 47%** (yeah, I maths!). + +Now let's jump back into the cryptoverse lmaoo and see what he has said about BTC's dominance! + +# In June this year, when the dominance was 47.58%, he said he believed it would be 50% or more by the end of that month + +In a video posted on the 9th of June (watch?v=7oKGQyPFfiQ) his exact words were: "I think we're easily gonna go above 50% in June". He said this around 5:15s of the video. As you can see in the chart below, **two days after he said that the dominance started tanking for good**: + +&#x200B; + +https://preview.redd.it/kkvxr150029a1.png?width=1615&format=png&auto=webp&s=fd1260deed6b2153c4124ff76bdff8008942bc36 + +# He kept saying he believed dominance would go up through his videos, even though it was clearly going down + +On a new video 10 days later (watch?v=jHFc0dQakGs), dominance was already 43.89% and kept saying he believed it was going higher. On his exact words, "Bitcoin dominance will continue going higher", said around 9:26s. If it was 47%+ 10 days before, it was not "**continuing** going higher". + +# He reportedly excludes stablecoins from the debate + +In a video (watch?v=zA30CseQFGw) posted on 17 Nov 22, he said that during "this bear market, it has gone up very, very slowly", and posted this chart: + +&#x200B; + +https://preview.redd.it/wxjlp6a1029a1.png?width=1176&format=png&auto=webp&s=7752c47fdf2374f88b42810fd3d62c9714a17123 + +He claims that because of the higher lows, the dominance was higher \[sic\]. BTC was at 40.62% when he posted the video. In addition, he excludes stablecoins from this debate. It is unfair, imho. If stablecoins are also crypto, they must be taken into account when calculating dominance. + +# In addition, Cowen (all influencers, actually) uses manipulation techniques to avoid being burned + +"I might be wrong, though" and "It's just dubious speculation" are the sentences he says in almost every of his videos (as well as other influencers). This is a textbook manipulation technique when forecasting whatever, from crypto prices to if it will rain tomorrow. **You make a claim that's taken out of nowhere nor is it well-based on anything and after spending minutes talking about it, you just throw a "I might be wrong" at the end of the presentation.** + +If it's just dubious speculation, why bother in (repeatedly) making them? + +Influencers are wrong and wrong again, but people forbid them because they said such statements. + +# In addition yet, Cowen doesn't use/apply real data science (no influencers, actually) + +He literally draws angles and lines and claims he is using data science. Any professional on the field knows that's not the case. This is, in my opinion, yet another manipulation technique where one **sandwiches their arguments between science topics** to make it more believable. The closest thing on his videos to real DS are log regression curves he posts, which is nothing new and even a [regular Joe like me can do](https://np.reddit.com/r/CryptoCurrency/comments/zbv48f/logarithmic_regression_tutorial_making_your_own/). + +# Not surprisingly, he has a huge fanbase + +I know this post will get downvoted to oblivion, because his fans here are quite keen on defending him here on the sub. + +# At the end of the day, he just wants to sell his premium list + +That's about it. He uses charts and lines and make, in my opinion, bold claims to convince people into buying his list. To some it might be worth, but not to me. + +# TL;DR + +OP in the other post said he correctly predicted BTC dominance to be higher by EOY. With 47-ish% at the beginning of June, dominance fell throughout the year, proving the other OP's and Cowen's claims wrong. + +**Trust no influencer.** + +EDIT: My points here apply, in my opinion, for almost all influencers. I've edited the titles of the sections and parts of the text to acknowledge that. Ben engaged with me in a DM chat and I'm publicly apologizing if my words were harsh to him or anyone else. My opinion on influencers, though, remains the same. + +#Edit. You know what fuck it. Fuck this post and fuck hedge funds. + +#Fuck the inner workings. Directly register your shares for the best chance at standing on Ken griffin's stupid fucking face and destroying the entirety of citadel. + +#The end. + + +&#x200B; + + +&#x200B; + + +**TL;DR - I urge you to not immediately dismiss this post and thoroughly read through. There's a genuine list of benefits to DRS, but I want to address some of the myths I have seen going around the sub. My aim is to inform and provide the correct information...and as always, it's not financial advice.**  + + + +u/tallfeel ***edit - I think it’s important to note that those apes whose shares are tied up in a broker that can’t DRS transfer shouldn’t panic and sell in order to move to a broker that can. I’m seeing a lot of worried apes out there.*** + +I hate to write this post and I'll probably be down voted to infinity and beyond, but I feel a bit of critical thinking has gone from the sub regarding Computershare and direct registration. I want to clear up EXACTLY what happens and ensure the facts are addressed. + +&#x200B; + +&#x200B; + +**Some of the common points I see are usually...** + +&#x200B; + +* *Will we lock up the float?*  +* *They can't borrow or lend our shares* +* *This will trigger moass* +* *We're removing shares from the DTCC* +* *What happens if computershare registers more shares than the float?* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The good stuff + +&#x200B; + +**I want to start off with the good stuff so you don't think I'm running some FUD campaign.** + +As you may well be aware, the majority of the f\*ckery done by hedge funds and banks is done with shares held in the anonymous (but convenient) pool, registered to a 'Street name'. + +Directly registering your shares **does not allow** these people to mess with them and rehypothecate them into oblivion. + +**I want to stress that my current opinion, is that directly registering your shares better than holding in a street name.** + +&#x200B; + +**HOWEVER** + +&#x200B; + +There have been MANY myths surrounding what DRS can achieve, with some of it being just downright wrong. I am not here to dissuade you from anything, **I would just like to highlight my findings and show that DRS is merely just the better of two evils.** + +&#x200B; + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The Recap + +&#x200B; + +Let's just recap exactly how it all works. u/atobitt s house of cards explained this wonderfully. I'll try and keep it in short snippets. + +&#x200B; + +Cede and Co hold all physical (real) 75 million shares of Gamestop. (stick with me here, don't scream it's more lmao , we all know it is).  + +If you bought your shares through a broker, the shares are registered in a 'street name'. For example, all shares owned by retail investors in Fidelity are registered under the name of 'Fidelity'. Fidelity just keep a record of who owns what in their little 'pool' of shares. Their balance is updated as and when people buy (or sell) shares from their 'pool'. + +This balance is an entitlement (or contract) to a certain amount of those shares held by Cede and Co. You buy the contractual rights of the stock. This includes dividends, voting rights...you get the point. + +&#x200B; + +In a previous time, physical certificates were more common to have and to hodl. If an investor decided to directly register their shares **AND** hold it as a physical certificate...  + +&#x200B; + +* The share would be removed from Cede and Co +* And reregistered to the retail investor + +*(this is the only way shares were/are removed from the DTCC...but we will get onto that)*  + +&#x200B; + +There were many concerns surrounding paper certificates. They can be lost, burnt, stolen and all the other disadvantages with holding something physical. So of course, the DTCC and many transfer agents decided it was best to move away from physical certificates and utilize the book entry system. (sound familiar? ) + +&#x200B; + +You'd be led to believe that the principle is exactly the same. Shares are transferred between the DTCC and the transfer agent, leaving the shares to be yours to register as though you had the physical certificate. + +&#x200B; + +**Wrong.**  + +&#x200B; + +Of course, the DTCC are a bunch of crooks. As you may have understood from above, you don't hold shares in your account, **you hold the contractual rights to the shares, the shares are still held at Cede and Co.** *This isn't anything to worry about it's just clarification.*  + +&#x200B; + +***Take a breath. This is nothing new. Let me explain a little more..*** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# So what happens when you transfer to Computershare? + +&#x200B; + +As you seen above, the only way to get shares OUT of Cede and co was with a paper certificate. So what happens now? + +Well here's where it gets interesting... + +&#x200B; + +To transfer 'physical certificates' (they're actually digital but the principal remains) the DTCC transfer these shares via the FAST system. These shares are digitally transferred to the transfer agent and held in a 'FAST Balance'. + +&#x200B; + +In short, this FAST balance is the amount of shares 'taken out' of the DTCC. (*stick with me... More on this*). As paper certificates aren't being physically removed anymore, *(ie paper certificates)* the DTCC conjured up **balance certificate.** + +&#x200B; + +https://preview.redd.it/jezeabj1vao71.png?width=917&format=png&auto=webp&s=d8d861db4a55c70ade0a61b5428564dde713d783 + +**What are these? Well here's where it gets interesting. It becomes extremely convoluted at this point so I will try and keep it simple-** + +&#x200B; + +Cede and Co hold the shares. You transfer to Computershare and they receive an IOU. **This is an IOU for computershare to owe the DTCC for the shares they've 'removed'. It goes a little like -** + +&#x200B; + +**DTCC** \- *You've taken something from us and actually owe us* + +**Computershare -** ***oh okay that's cool, so what do I actually have?***  + +**DTCC** \- *Well you hold a single certificate, that states the balance of the shares you've 'taken' from our vault. You can put people's names next to it, just like if they had a paper certificate!*  + +*They'll have all the same rights as though they had one, just not actually hold it. Sound good?*  + +**Computershare** \- ***well what happens if somebody sells?***  + +**DTCC** \- *it's cool, just update the balance on that single certificate accordingly.*  + +&#x200B; + +&#x200B; + +**So it's a little shady I have to admit.**  + +**The actual contract between the DTCC, transfer agents and balance certificates is even WILDER.** + +&#x200B; + +[ B](https://preview.redd.it/gtcd1y8cwao71.png?width=704&format=png&auto=webp&s=455b2b79b2536e2d83b3da84ed791b668712b764) + +[BALANCE CERTIFICATE (dtcc.com)](https://www.dtcc.com/-/media/Files/Downloads/Settlement-Asset-Services/agent-services/WC-PROC-Agreement.pdf) + +&#x200B; + +**So the registered owner is STILL CEDE AND CO. The shares WITHIN the FAST balance is registered to individuals and will help GameStop identify actual share holders.** + +**This was just the DTCCs way of keeping their stranglehold on the entire stock market.** + +&#x200B; + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# So where the F*ck do you go from here? + +&#x200B; + +**I repeat, there are MANY beneficial reasons to directly register. However, some have gotten carried away with factual inaccuracies.** + +Pooled shares in a 'Street name' are subject to so much fuckery as we have seen. This includes lending programs, turning off the buy button and other ways to restrict you from exercising your rights as a shareholder.  + +Irrespective of the fuckery behind the scenes, **directly registering your shares removes that capability for SHFs. That alone is a reason to move there.** Also, a dividend is much easier to distribute as it can come to you directly as you're registered directly.  + +The benefits explained are in all the other posts as I'm sure you've seen.  + +&#x200B; + +&#x200B; + +**Let's address the initial questions at the start of the post-** + +&#x200B; + +* **Will we lock up the float?** \- Well in theory, you're removing shares from 'the pool of fuckery'. So yeah, it's is possible. + +&#x200B; + +* **They can't borrow or lend our shares** \- exactly right!  + +&#x200B; + +* T**his will trigger MOASS** \- Difficult. Anything could trigger MOASS. Though I don't believe this is the silver bullet people are making it out to be. DRS is great but I don't think it's the be all and end all. + +&#x200B; + +* **We're removing shares from the DTCC** \- **NO**. Not anymore. Since the removal of paper certificates nothing is actually removed and everything is still technically owned by the DTCC and held at Cede and co. + +&#x200B; + +* **What happens if computershare registers more shares than the float?** \- Probably nothing. They just register and keep the shares tallied up imo. HOWEVER, as there is now a list of shareholders that could possibly be higher than the float, providing a dividend is that much easier to prove SHF fuckery. + +&#x200B; + +# Should you worry after this post? Fuck no. DRS is a better of two evils and removes hedge funds ability to fuck with your shares.  + +# This post was merely aimed to keep you angry at a corrupt system and to clear up the misinformation! +Hi all, + +I made [this post](https://www.reddit.com/r/financialindependence/comments/4qtqle/working_toward_fire_in_a_lower/) here four years ago, and got a lot of responses that helped put me on a better path toward FIRE. I've made decent progress during that time but have also made some changes (got married, bought a car) which affect my target FIRE amount, so I thought I'd provide an update to get some responses and see if I need to alter my track. + +**The Basics:** I work 5 months a year at a remote station in Alaska as an ecologist, and spend the other 7 months at a farm and house I built in Costa Rica. The goal is to eventually be able to just stay with my wife at our place in Costa Rica. + +**Age:** 37 + +**Wife:** Nonresident, no income, has an ITIN so we can file jointly (necessary for my ACA healthcare and seems to get me a bigger tax return) + +**Income:** **$32k** pre-tax in a normal year. **$40k** this year due to an extra period of work, which allowed me to set aside the following emergency fund. + +**Emergency Fund:** **$10k** in a checking/savings acct. (is there a better place to keep this?) + +**Roth IRA: $135k (91% VFIAX and 9% VBTLX)**, maxed out every year. It about doubled in the four years since my previous post. I am going to start dumping the $6k at the beginning of each year from now on as many here seem to recommend. + +**Brokerage Acct: $20k (77% VTSAX, 23% VBTLX**), I haven't put much into this in the past couple years as we bought a car and did a lot of house projects, but I'm motivated again and will have dumped **$13k** in by the end of 2020, and can hopefully maintain at least **$10k** in yearly contributions starting in 2021. + +**Debt:** **$0**. Working seasonally allowed me to save up and buy land outright and build the house over two seasons. + +**Expenses:** Four years ago I estimated our annual expenses at **$8k** per year. That is definitely feasible if we're staying mostly put, but now that we have a vehicle and travel a bit more frequently to see my family in the U.S., I would estimate with **$16k** per year we can really live quite well and basically do whatever we want and I can dedicate 50% of my earnings each year to the Roth and Brokerage accounts. Fortunately we don't have expensive tastes. Our water is free from a spring, our electric bills are $20/month, our taxes just $70 a year, and we grow our own coffee! + +**So, what next?** Early retirement calculators seem to suggest if I continue this way I'll have the necessary $16k in annual interest about 8-9 years from now. + +**Future Potentials that could help a lot:** SSA.gov seems to suggest that if I work 9 more years earning about the same, and began collecting at 62 I'd get $773/mo, or **$9k/yr**. If I began collecting at 67 it'd be $1098/mo or **$13k/yr**. Even half of that would help tremendously. I'm not really sure if I should factor that into when I should feel ok to retire. There could also be a decent inheritance from a house sale when my parents pass away but I know not to count on that either. + +I'm curious: + +1. Does being married-filing-jointly and having a long way to go before reaching the upper end of that income 12% tax bracket change anything for us besides a bigger return each year while I'm working? Is there any way to take advantage of it? +2. Is there any reason I should *not* max out my Roth annually and instead put that money into the brokerage account? +3. Is my 80/20% S&P/bonds ratio in the brokerage account too conservative for my age and place along the path? +4. Is there a better place to keep my emergency fund? Is it too much? +5. Anything else sticking out to you folks as something I can alter and improve? + +Having 7 months off each year is wonderful for being able to dedicate myself to our marriage and our house and farm but we could definitely use some of that time to increase our income if there are opportunities. The economy where we live is quite poor and job potential near zero, but we could work online if we could find an opportunity, although our speed (4 mbps download) seems to be a hindrance as many online-teaching outfits require minimum 10 mbps download speeds. If anyone has any suggestions in this dept I'd be glad to hear about them. + +Another opportunity could be motivating my wife to produce and sell [her art](https://imgur.com/XfiCcNB) which I think could easily be sold in the touristy towns of Costa Rica. She's too shy about it, in my opinion. +You know, after we discovered Computershare, and I went back and watched Peterffy's sweaty interview from 2021, when he said "all they had to was ask for their shares"... I thought he seemed like a somewhat decent guy. (Like we thought about Fidelity until November). I thought ok, this guy is playing by the rules, and actually wants the SEC to do something (I was actually 50% more retarded in 2021 than I am now.) + +**Now he is basically calling us retards. Only WE can call each other retards.** + +**I swear I hate the word "sophisticated" too. And his language is a direct jab at us.** + +[https://www.cnbc.com/video/2022/03/22/interactive-brokers-customers-arent-participating-in-the-market-rally-says-thomas-peterffy.html](https://www.cnbc.com/video/2022/03/22/interactive-brokers-customers-arent-participating-in-the-market-rally-says-thomas-peterffy.html) + +One of 2 things here. Either: + +1. He really is a dick, and had a moment of judgment lapse in the last year's interview, or... +2. He could be a nice guy, but his billionaire friends and peers have been kicking the crap out of him for 1 year, for (A) Verbalizing that Gamestop was "going into the thousands" before they had to turn off the buy button. And (B) Inadvertently referring to Computershare (which most of us were too retarded to pick up on last year). + +I guess Shark Cuban stands alone as the only billionaire we can truly trust in all this. Where are you Mark? u/mcuban. u/JonStewart you need to get Cuban on to discuss all recent GME events. +https://www.theverge.com/2022/4/23/23036976/eu-digital-services-act-finalized-algorithms-targeted-advertising + +The EU has agreed on another ambitious piece of legislation to police the online world. + +Early Saturday morning after hours of negotiations, the bloc agreed on the broad terms of the Digital Services Act, or DSA, which will force tech companies to take greater responsibility for content that appears on their platforms. New obligations include removing illegal content and goods more quickly, explaining to users and researchers how their algorithms work, and taking stricter action on the spread of misinformation. Companies face fines of up to six percent of their annual turnover for non-compliance. + +Although the legislation only applies to EU citizens, the effect of these laws will certainly be felt in other parts of the world, too. Global tech companies may decide it is more cost-effective to implement a single strategy to police content and take the EU’s comparatively stringent regulations as their benchmark. While lawmakers in the US keen to rein in Big Tech with their own regulations have already begun looking to the EU’s rules for inspiration. + +The final text of the DSA has yet to be released, but the European Parliament and European Commission have detailed a number of obligations it will contain: + +* Targeted advertising based on an individuals’ religion, sexual orientation, or ethnicity is banned. Minors cannot be subject to targeted advertising either. + +* “Dark patterns” — confusing or deceptive user interfaces designed to steer users into making certain choices — will be prohibited. The EU says that, as a rule, cancelling subscriptions should be as easy as signing up for them. + +* Large online platforms like Facebook will have to make the working of their recommender algorithms (e.g. used for sorting content on the News Feed or suggesting TV shows on Netflix) transparent to users. Users should also be offered a recommender system “not based on profiling.” In the case of Instagram, for example, this would mean a chronological feed (as it introduced recently). + +* Hosting services and online platforms will have to explain clearly why they have removed illegal content, as well as give users the ability to appeal such takedowns. The DSA itself does not define what content is illegal, though, and leaves this up to individual countries. + +* The largest online platforms will have to provide key data to researchers to “provide more insight into how online risks evolve.” + +* Online marketplaces must keep basic information about traders on their platform to track down individuals selling illegal goods or services. + +* Large platforms will also have to introduce new strategies for dealing with misinformation during crises (a provision inspired by the recent invasion of Ukraine). + +The DSA will, like the DMA, distinguish between tech companies of different sizes, placing greater obligations on bigger companies. The largest firm — those with at least 45 million users in the EU, like Meta and Google — will face the most scrutiny. These tech companies have lobbied hard to water down the requirements in the DSA, particularly those concerning targeted advertising and handing over data to outside researchers. + +Although the broad terms of the DSA have now been agreed upon by the member states of the EU, the legal language still needs to be finalized and the act officially voted into law. This last step is seen as a formality at this point, though. The rules will apply to all companies 15 months after the act is voted into law, or from 1 January 2024, whichever is later. +Cathie Wood’s flagship exchange-traded fund pounced on a huge slump in Zillow Group Inc. to add more shares of the embattled real estate company. + +The ARK Innovation ETF (ticker ARKK) bought 288,813 shares of the property firm on Tuesday, according to the daily trading update from Wood’s Ark Investment Management. Zillow plunged over 10% on the day after pulling the plug on its tech-powered home-flipping operation + +Source: Bloomberg +Hi there! I’m starting to take more of an interest in pensions, and as I understand it, a pension is not going to pay out tons of money each month compared to the salary you received when working. I expect that this isn’t so much of a problem if own a house and have paid off your mortgage - your outgoings will be far less without mortgage repayments to worry about, and you can always sell your house, downsize to somewhere cheaper and live off some of the equity. + +My question is, what do you do if you don’t own your own house? I’m concerned because my ageing mum doesn’t own her own house, and I’m wondering how she will manage if she’s still paying extortionate rent on a reduced income. I’m also part of ‘generation rent’ so it’s possible I won’t ever own my own house, either. + +I know that if you don’t own your own house or have much money the government will subsidise your care for you, but I don’t know if there’s any similar help for elderly people when it comes to housing and living costs generally. Thanks! + +Edit: Wow, I didn't expect to get so many responses! I think the next step will be to investigate my mother's existing pension as it sounds like public sector pensions are fairly generous. Thanks so much for your help, everyone. +I noticed most people like selling otm puts. Am I the only one who prefers atm puts? More premium and when your wrong that initial premium really helps buffer the pain when your put gets blown through on the downside. I'm sure I have to roll more often but I am OK with that. In the beginning of Sept I sold an atm put on aapl and an otm put in amd. I was in pain for most of September but was able to close both for a profit. I just noticed the pain on amd with it being otm was much greater. Any studies or input on this? Thanks guys. +Since there is much to do in the market in the past 2 weeks, let's talk. +Here's how I'm dealing with this mini correction: + +* For index positions: you should usually be fine holding for long term, and can take this opportunity to average down by buying more. The broader your index is, the less you have to worry about it. Unless a majority of your portfolio is in 1 index that tracks a single narrow sector like cannabis, then you should probably trim it down. I have most of my portfolio in QQQ, about 10% in 2 ARK funds. Obviously they've lost quite a bit, but I'm not too worried. I'm very tech-heavy, so I might open some positions in VTI if it dropped enough, to balance things out a little bit. I'm also rolling out and down my short puts where it makes sense, but to no longer than May. If QQQ is down 20% from high (around \~$270), I'd start to buy in more heavily. +Since we all love options, it's necessary to remind everyone that you don't always have to buy in lots of 100, nor do you have to sell a put to get assigned stocks. Just straight up buying small amounts of shares. Sometimes this slipped my mind. +* For large, stable, resilient companies (e.g. AAPL, AMZN, MSFT, WMT, etc.): unless their fundamentals have changed significantly, I wouldn't bother. I might or might not buy more, depending on how far down they go, but I definitely won't trim my positions here. There are no doubts AMZN, AAPL and the likes will bounce back. +* For meme stock positions: much as we love them, we should look to trim those positions first. The selection criteria is personal preference. For me, since I sized them properly based on their respective ATR when I opened them, they all have roughly the same risk to me. You should always size your positions based on their own volatility measures, whatever you fancy. Remember, 20% drawdown on MARA is different from a 20% drawdown on AAPL. I usually close the positive ones and leave the negative ones as is. If your portfolio is meme stock heavy (e.g. > 15%), it's probably a good idea to trim this down. Taking some loss is okay. + +Overall, during these corrections, I just limit my attention to the market and go on about my life. Nothing I should be doing at this time. Nasdaq is down 10%, it either will go back up or down 20%, and I would only need to take actions when either of them happens. + +What about you? +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. +Today I attended a workshop by Simple Option Strategies. They spoke about the following three specific strategies: + +* the trades are made up of a call credit spread, a put credit spread, or both using an iron condor + +SPX 0DTE trade + +SPX 7DTE trade + +SPX Monthly trade + +&#x200B; + +The individual indicated that you could produce 5-15% returns in an account on a monthly basis. I am having a hard time digesting this because it either blows my mind or it's bullshit. + +&#x200B; + +Can anyone chime in with any input as to the validity of such claims? If someone out there is doing this please reach out. I would love to hear from you. + +&#x200B; + +Thanks. +Hey guys, + +I was curious if there is anyone in here that just sells options contracts for a living. How much do you have in your account and how much do you typically try to bring in per week/month. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Hi! As a newbie, with some capital, the wheel strategy seems kind of “too good to be true”. + +I realize it’s probably not as easy as some posts here make it seem, but still, A conservative 1-3% a month of gains is huge. + +So the question that I’ve been asking myself recently is the following: what is the catch? Why doesn’t « everyone » do the wheel - in your opinion? +I’m not seeing much discussion or love for calendar spreads here (the strict definition where you sell a call for shorter timeframe and buy call for longer time frame at same strike). I’ve had some large successes with them. Vega and delta long. Theta on your side. Just have to find a stock where the price won’t utterly collapse and also that you buy when there’s a low IV rank and you’ll make money almost always. + +Any experiences with calendar spreads and optimal strategies for setup/adjustments? +So what is dangerous besides having an unlimited loss potential (besides by having a set stop loss) on selling deep OTM 0DTE options on SPX? +let’s say I have 5k, what is not feasible about selling $300 worth of options everyday? I could even spread these out to different strikes (Regardless of PDT rules.) +I’ve been running spreads on spx 0dtes for some time on paper, but I know trading is no walk in the park & I’m definitely not the first to think about this. So what I’m I missing? Or is theta gang really that good LOL. +Any advice, or advance reading/videos would be a big help +Edit: Thanks! For everyone’s feedback! +Hey there theta gang, I was curious on what you guys recommend I wheel for an account with 5k. I plan on doing the wheel and closing at 50% profit. Thanks! +I had sold a $90 call on AMD which expired Friday, and for some reason the shares are still in my account and instead of the usual "Removal of option due to assignment" message in my account, I have one that says "Removal of Option due to expiration 1.0 AMD 100 (WEEKLY) 12 Feb 2021 90.0 CALL". But AMD closed Friday at 93.77, so it's not even close to being OTM. + +Strange? + +Edit: for clarification, this was a straight CC; I hold the shares and sold the call. + +Edit 2: It's tuesday, the market's open, and the shares are still in my account. Profit? + +Edit 3: A full week later and they assigned the option and took the shares, which is awkward because I'd already sold another CC on them, so now I have this naked call in my account. Lucky for me that AMD has been going down since then, so I can buy it back and make a profit, but WTF Ameritrade?? I have accounts also at Fidelity, and none of this weird stuff ever happens there. +Hello everyone, + +Has anyone here experienced early assignment on long dated puts? (30-60DTE) + +I have a few spreads that are deep ITM on both strikes, and on the way of rolling it back to profitability. + +I have had many early assignments before, but mostly a few days DTE at most. + +Thanks everyone. +Hello everyone. When I started here, I made some posts talking about wheeling strategies on meme stocks, and I was posting some updates for a while on my positions, and calculating rate of returns vs risk of assignment. But as everyone pointed out, I wasn't doing a true wheel strategy, because if the underlying went heavily in my favor early (Capturing around 60-80-% of possible return in a short period) I would cash out and wait for technicals to give me signals for me to enter in again. I still stand by that this is a good idea, but it messed up the data. Because of this, I scrapped the initial experiment I was working on. + +Regardless, I've had decent-ish results, but I'm curious how "Good" this rate of return actually is. + +[4 Months of Testing out Theta Strategies](https://preview.redd.it/nepweiofllg71.jpg?width=950&format=pjpg&auto=webp&s=b6eb2cf9e9f691908897942926be87d82c7d9e7b) + +This VERY DETAILED graph is from my TD Ameritrade account. In this account, I put 20k in, and was doing almost entirely Theta Wheel related strategies on AMC, focusing on selling 1-2 week expiration puts/covered calls. What I find interesting, is despite AMC going down from it's all time highs in the 70's, I'm still reaching all time highs. + +[4 Months of AMC Stock price](https://preview.redd.it/mdmo4cogllg71.jpg?width=988&format=pjpg&auto=webp&s=969b74ebee78d244a5e0c405639543443b97e011) + +The results are somewhat difficult to draw conclusions from, because there were variables such as me exiting the wheel early, or waiting for more ideal entries before buying/selling premium. But I still think that despite that, if you have faith in a meme stock, or rather enough faith that it will stay in the peoples interest for several months and not be a pump and dump, it may be worth playing out, even if the price is going down. + +I'm still somewhat new to this, so any feedback is welcome! Thanks for taking the time to listen to what I had to say. :) +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 am new to credits spreads and have been doing decent going by RH chance of profit as an assist… I would like to know what strat you guys use for spreads and what expiration is best +So I started running the wheel on SPY last week. It worked out fine but was wondering if you guys use all 3 of the weekly expirations or just 1 or 2 a week? + +Basic summary of what I did last week... + +Monday...sold a SPY csp in the morning, bought it back after 90% profit before the bell. Made about 75 bucks. Then sold another SPY csp Monday afternoon that expired on Wednesday. + +Wednesday...bought to close the SPY csp after 90% profit before the bell. Made about $140 bucks. Sold a SPY csp with a Friday expiration. + +Friday...bought to close the SPY csp that I opened on Wednesday for another $140ish bucks. + +Think I made about 0.8% that week, which is cool...but, + +Is this the way to wheel the SPY or QQQ? + +Is it better to just stick with Friday expirations? +Remember that investing is not a race or a competition. Nor is it about hiding and protecting capital. Design your investments to contain risk, and keep your eye on those life goals your money is aimed at. Marriage. A house. Kids. Retirement. A Harley Davidson Softail. +And that reminds me. The best advice new motorcyclists get is not to look down at where you are on the road, but to gaze far ahead to where you’re going. Way more stable. Those who worry about the next fifty feet often land there. They fear. They fall. + +Just ride. +Greaterfool.ca +I'm just curious because I've been doing mostly credit spreads/ICs and my monthly returns are around 20% which seems pretty high. I'm wondering if my trades have just been too risky (I usually open them at around 20D or 15D) and I've been lucky or if these returns are actually sustainable. Part of me says they can't be sustainable because everyone would be doing this. But I'm curious what "normal" returns are like in this group. +I was wondering if there are any strategy out there that can mimic a half contract. + +for example, lets say someone wants to do a buy write covered calls on SPY. + +but they dont have 40k. can do go long 50 delta by buying 50 shares, and shorting a call by going half covered and half naked? + +i still see to many flaws on this, and still makes it a naked call essentially. so i dont see that working. which is why it got me thinking if there is a way to mimic a "half contract" options +I have been a bit inactive lately, but i'm picking the challenge back up! If you have any more suggestions, i'd love to hear them! + + +**Nano:** + + +- Wenano: 0.016 nano ~ $0.11 +- NanoRoyale: 0.01 nano ~ $0.07 +- PlayNano: 0.005 nano ~ $0.03 + + +**Ban's:** + + +- Faucets: 30.72 ban ~ $0.73 +- Tips from community: 205 ban ~ $4.90 +- Folding@Home: (It worked!) 64.5 ban ~ $1.51 + + +**Moons:** + + +- 110 Moons ~ $7.15 + + +**Total:** + +$14.5 + + +Things that didn't work/are not available in my country: + +- Brave Browser :( +- Coinbases Earn +- Coinmarketcap Earn +- Algorand faucet (don't have small amount in balance) +This is a hypothetical question, don't be worried. I was thinking to myself if I did find out I was going to die, what would I do. Would there be anything stopping me from maxing out my CCs for a few months to live it up? + +EDIT: Hey! It's my first post here even though I've been subbed for several months. Glad I was able to provide some interesting discussion material. You gents and ladies are some quite clever bastards. If I ever do any of this before I die, I'll come back and buy you all some gold. +Sup apes, long time know sea + +not financial advice yada yada + +&#x200B; + +Everyone has been beyond jacked recently and the community has never been better. I used to post my technical analysis of GME on a daily basis, but have remained out of the spotlight for a bit, simply because price is irrelevant. + +I live by a simple rule... if GME isn't 8+ figures, I buy. 8 figures > 3 + +That being said, I was able to time the peak of todays move using a predicting that i drew all the way back in April (dont believe me? check this out:) + +[Target drawn 4\/13](https://preview.redd.it/fl7gsxixb4471.png?width=2792&format=png&auto=webp&s=2bbbaec0f5144d52ea6248e62d4c6827ea51dc9a) + +Before you comment "TA can't predict this and that!" it predicted not only the rejection point of today's move, but also the first downside target. There is one more target that I expect to be met in the upcoming days, if not tomorrow, and I'm writing this to spread awareness of my best dip buy prices! + +If you're new to the sub or EW theory, in a nutshell it looks like this: + +&#x200B; + +[EW inna nutshell](https://preview.redd.it/ob6wmx7ec4471.png?width=1280&format=png&auto=webp&s=2ea98d038fbaa53d88e833b736fc0b6c51625a2b) + +Okay, so we have a general idea of EW. Now you're asking, where are we in the cycle? + +Today, we \*\*APPEAR\*\* to have completed our cycle wave 3 (cycle = white lines in my chart). Cycle moves inside of super cycle, and super cycle moves inside of grand super cycle. confusing, i know, but bear with me. + +If you would like to learn more about EW theory, check out some of my previous posts where I do a pretty good job explaining the wave ratios and character traits. The diagram gives a good idea though. + +Elliot waves is human nature in essence, which is why it is my favorite, and to be honest, only form of TA I ever really trust. Sure, I'll use some indicators or chart patterns here and there, but it's always supplementary to EW, meaning I already have targets in mind before looking at, say a "bull flag." + +Check out GME over the past few days: + +[15m view](https://preview.redd.it/4vahq1j6d4471.png?width=2808&format=png&auto=webp&s=6e4410271403665eace0a1a3fccf1fc51469a986) + +after a 5 wave impulse, we can expect an ABC correction, which targets ideally 50% of the 12345 impulse. BUT, we just completed our cycle wave 3, meaning our cycle 4 is expected to finish to the downside. Sure enough, as my 344.21 target was hit (to be fair, originally it was 303, but seeing the relative buying strength of GME, I adjusted as the first target broke. low and behold, the 2:1 extension target came out to 344.21, 45 cents off of todays high, from a target that was drawn in April.) + +&#x200B; + +wave 4 targets a 23.6 - 38.2 correction of the entirety of the 123 move. confusing, but accurate. below you can visualize our waves inside the cycle wave, marked by white (primary), the blue annotations are minor waves, or the waves within the primary waves. + +&#x200B; + +Don't sleep on EW!!! + +[4hr](https://preview.redd.it/2nqbcr8rd4471.png?width=2830&format=png&auto=webp&s=c3442147903c2bd8c1eb82376a0d58a81b505c86) + +notice how at the top, the III, ((5)) and (5) all line up (EW has weird annotations, this is how i differentiate the cycle. color also helps). This is the beauty of EW. + +&#x200B; + +That being said, we only completed our "A" and "B" phase of the correction today. Given that we can expect a 50% correction of the 5 wave primary move, AND a 23.6%- 38.2% of cycle wave 3, that gives us an "A" target of 294, which sure enough was sort of close, tho likely an attempt to from SHF to push price below technical trader's SL. jokes on them, i bought more there. I can't help but panic and buy when I see red. + +My "B" correction target came out to between 303 and 306 ish, visualized below. Sure enough, we couldn't break above that 306 level... + +[5m](https://preview.redd.it/n28szmq2f4471.png?width=2778&format=png&auto=webp&s=e4a64497c34c3bbcbed3d3656d884892843041bd) + +So... 2 possibilities going into tomorrow. I know you're gonna hate me for this, but using EW theory, I expect us to hit a low of 264, possibly 257, if it gets really ugly with a short attack, we can see 238, or a hail mary down to around 220. + +Do note, there is a gap up around 220. If you read my DD months ago when I timed the 350 to sub 200 drop, I looked at historical price action and drafted that hypothesis. This time it's different, but still always good to be aware of what you're buying, and how it trades. + +&#x200B; + +[GAP](https://preview.redd.it/vprltbcnf4471.png?width=2832&format=png&auto=webp&s=378522b0efb631791c30a871a75457bc92f93318) + +Other possibility is we have already completed our cycle 4, which can be argued by today's retracement past the 23.6 area of our cycle 3: + +&#x200B; + +&#x200B; + +[possible completion of cycle 4](https://preview.redd.it/xf3src1ag4471.png?width=2398&format=png&auto=webp&s=ab5ce902ed642eafd8ab6ae7305c22334a9d928d) + +at the end of the day, I always have a pretty good idea of whats gonna happen in terms of price action, but I was BORED! I mean shit, I held from 16 to 12 to 513 back to 40... a 50 point move is cake for this ape. + +That being said, Im jacked to the max. For what its worth, the flash crash was also predictable by watching options order flow. I saw this in my scanner today: + +[look at the OTM PUTS](https://preview.redd.it/2x1pjdjlg4471.png?width=1986&format=png&auto=webp&s=be3c4440f44a6fb0a1a39af647215e99f48222b0) + +This tells me an institution (cause cmon now, what idiot rEtAiLeR is buying 239k in July 60p lol) bought these puts, exercised and sold at a loss in order to bring down the price. Also explains the super low volume on the drop. + +Stay vigilant my friends, and if we see a dip tomorrow, BUY THAT SHIT!!!! + +:) + +Thanks for reading <3 RC if you're reading this, you give me faith in humanity. Thank you for all you've done and are doing for your shareholders. + +&#x200B; + +If you Daytrade GME, ur moms a hoe and u dont deserve los tendies... dont even think about it + +Buy hodl vote as always, would love more green tomorrow + +Edit: hate me or love me, I was right lol + +Low after hours of 264 +Hey, what appears below was written by /u/melonbalon who, along with the rest of the survey team, has put in a lot of work ensuring we get end data that's highly accurate and useful. The link to the survey's at the bottom; please read the text below before you get started. + +----- + +The day you've been waiting for has arrived! The /r/FI survey is here! We'll be leaving the survey open until Friday, July 15 to let those who are on summer break and may not see this post right away have a chance to complete it. + +A few notes before you take the survey: + +* There are a maximum 65 questions possible, but the actual number of questions each person will get is dynamic. For instance, if you aren't retired, you won't get the questions about being retired - or if you don't want/have kids, you won't get questions about kids. + +* Of the 65 total possible questions, fewer than 10 are required. Everything else can be skipped if it's too much for you. We encourage you to be as thorough as possible, but realize that there are a lot of questions - the sub had a lot of suggestions! + +* There are a lot of questions asking for dollar amounts. Sorry non-Americans, but please enter them all in US Dollars. + +* To fully complete the survey, you'll need quite a few numbers, so have all your information in front of you before you try to take it. + +There were a lot of inquiries during the planning process about releasing row-level data (meaning individual responses). There were several people who expressed concern that if row-level data is released, it would be easy to figure out who they were. There were several other people who really wanted to see row-level data. As what we hope will be a happy middle-ground, the last required question asks whether you consent to your data being released individually. If you answer no, your data will only be released in the aggregate. If you answer yes, your data will be released individually (meaning in an Excel sheet that has all your answers in one row). + +Also, since this is our first survey attempt for the sub, we've included a comments box as the very last question. Please don't hesitate to make suggestions for future improvements. + +And finally, please give some love to our crack survey team: +/u/_bartleby - For taking the first crack at writing a majority of the questions, and giving constant feedback on later iterations. +/u/HonestlyTho - For taking the first crack at writing the rest of the questions, and giving constant feedback on later iterations. +/u/drphungky - For taking a lot of time to review and comment on draft questions...repeatedly. +/u/noonecaresontheweb - For getting the discussion on several topics going in the right direction. +And our beta testers, who gave us invaluable perspective and feedback: /u/twmimtakinmefishin /u/Hackanddash /u/zataks /u/renegadecause /u/sagetology /u/Generic_Reddit_ /u/tksdks /u/tinyvices /u/JEdwards /u/Sahasrara /u/TheMeiguoren /u/Wubangle /u/william_fontaine /u/15Rhema /u/technotrader /u/anyadualla /u/cscq_2016_ta /u/J_Mallory + +Oh...you want the link? **LINK REMOVED; SURVEY IS NOW CLOSED.** + +**Edit: As of 9:15 AM mountain on 7/16/16 the survey has received 5,108 responses.** +seeing the list of speaker of the next DEF CON 25 (July 27-30, 2017 at Caesars Palace in Las Vegas!) +[list of speakers](https://www.defcon.org/html/defcon-25/dc-25-speakers.html) +I find a very interesting presentation named: + +**BREAKING bitcoin hardware wallets** + +this is the intro: +"The security of your bitcoins rests entirely in the security of your private key. Bitcoin hardware wallets help protect against software-based attacks to recover or misuse your key. However, hardware attacks on these wallets are not as well studied. In 2015, Jochen Hoenicke was able to extract the private key from a TREZOR using a simple power analysis technique. While that vulnerability was patched, he suggested the Microcontroller on the TREZOR, which is also the same on the KeepKey, may be vulnerable to additional side channel attacks. + +In this presentation we will quickly overview fault injection techniques, timing, and power analysis methods using the Open Source Hardware tool, the ChipWhisperer. We then show how to apply these techniques to the STM32F205 which is the MCU on the Trezor and KeepKey. Lastly, we will present our findings of a timing attack vulnerability and conclude with software and hardware recommendations to improve bitcoin hardware wallets. We will show and share our tools and methods to help you get started in breaking your own wallet! +Josh Datko Principal Engineer, Cryptotronix LLC +Chris Quartier Embedded Engineer, Cryptotronix, LLC" + +so in a month, we can see this interest presentation. in general, u can find all the videos on the official channel [youtube](https://www.youtube.com/user/DEFCONConference/videos) or in the [official web](https://www.defcon.org) + +keep update! +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +Hi fellow stock investors, + +which portfolio tracking tools do you currently used? I was using Google Finance in the past, but since there changes I have not yet found another one which is nice + easy to use, especially for mobile devices. + +I therefore coded a little one myself, would be great to hear about your tools and get inspiration: [https://stockcomparison.pandabearventures.com/portfolio.php](https://stockcomparison.pandabearventures.com/portfolio.php) +[https://www.bloomberg.com/news/articles/2018-08-06/forget-apple-goldman-says-flagging-new-1-trillion-for-s-p-500](https://www.bloomberg.com/news/articles/2018-08-06/forget-apple-goldman-says-flagging-new-1-trillion-for-s-p-500) + +Investors fixated on one 13-digit milestone last week, Apple Inc.’s value. But another trillion-dollar threshold is in sight and is more relevant to the bull market in U.S. equities, says Goldman Sachs Group Inc. + +It’s the volume of stock buybacks that corporate America is likely to announce this year. The total for S&P 500 firms will jump 46 percent from 2017 to an annual record, according to an increased estimate from the Goldman unit that executes share repurchases for clients. + +The new forecast highlights accelerating demand from companies, a sign that any weakness in stocks is likely to be met with unbridled corporate buying. While August has been one of scariest months of the year for equities in the past decade, it’s also the busiest in terms of buybacks, accounting for 13 percent of the annual total. + +Now, with more than 80 percent of S&P 500 members done with quarterly financial reporting, most companies can boost discretionary buybacks, concluding a blackout period that typically restricts share repurchases. + +“Investors should focus on a different $1 trillion number that will have a key influence on the market: total buyback authorizations,” strategists led by David Kostin wrote in a note Friday. “It’s not the size of the company but the use of the cash that matters.” + +With a year-end forecast of 2,850 for the S&P 500, a level that’s less than 10 points above Friday’s close, Kostin is far from being the biggest bull among [Wall Street strategists](https://www.bloomberg.com/news/terminal/PB38C4SYF01T) tracked by Bloomberg. Yet he said that the growing alarm around equities, particularly tech stocks, is unwarranted. + +At the end of last month, Morgan Stanley’s [Mike Wilson](https://www.bloomberg.com/news/articles/2018-07-30/correction-worse-than-february-is-building-morgan-stanley-says) predicted that declines in stocks such as Facebook was a precursor to a correction that would be more painful that the February rout. At the same time, strategists at Bank of America and Credit Suisse sent separate [warnings](https://www.bloomberg.com/news/articles/2018-07-30/credit-suisse-joins-bofa-in-warning-of-tech-stock-crowding-risk) about the crowding risk in tech stocks, particularly the FAANG bloc of Facebook, Apple, Amazon, Netflix and Google parent Alphabet. + +“Our analysis leads to a different conclusion,” Kostin wrote. “Tech is less of a ‘crowded trade” than many investors believe,” he said, adding the firm’s weekly data on hedge fund clients showed 26 percent net exposure to tech stocks. That compared with 25 percent for the broad industry positioning at the end of the first quarter, which declined from levels in 2016 and 2017. + +Moreover, there is still untapped buying power left from tech companies themselves. While the sector has announced 40 percent more repurchases this year, their actual buybacks are up at only half the pace. + +“By extension, significant potential demand remains for tech shares as firms look to complete their existing programs,” the strategists wrote. +Hello AMA/EthTrader/Cryptocurrency communities, my name is Ron Pol. I’ve been quoted in US Senate testimony describing anti-money laundering laws arguably the least effective anti-crime initiative, ever. I wrote the following paper (picked up by the Economist and Forbes), and others, detailing profound failures in the global AML system: + +The World's Least Effective Policy Experiment – Together We Can Fix It. [https://doi.org/10.1080/25741292.2020.1725366](https://doi.org/10.1080/25741292.2020.1725366) + +A 1-para. satirical summary of the paper, in \[my attempt at\] the style of The Onion is here: [https://www.effectiveaml.org/aml-laws-crushingly-effective/](https://www.effectiveaml.org/aml-laws-crushingly-effective/) + +As the cryptocurrency space gains more attention from regulators and calls to subject cryptocurrency users to more stringent AML rules grow louder, my research on the effectiveness of the AML system has become more relevant than ever to cryptocurrency users and advocates. + +For example, there is, it seems to me, a huge “Trojan horse” risk, easily overlooked. While awareness of AML’s failure is growing in the AML community, regulators seldom admit it (at least publicly). So, the crypto community and public don’t know about the huge gap between AML rhetoric and reality, politicians have no incentive to face the real issues, and AML regulations keep metastasizing into more areas without addressing their own core failings. + +Some of the hidden problems are outlined on a Gitcoin page. (It’s also a grant form so I’ve checked with r/EthTrader moderators it’s ok to post): [https://gitcoin.co/grants/3380/effectiveamlorg-decentralize-knowledge](https://gitcoin.co/grants/3380/effectiveamlorg-decentralize-knowledge) + +Please feel free to ask me anything you please. + +Please note, this AMA does not offer legal or financial advice. Any matters discussed are purely academic, and you should not rely on any matters discussed hereunder as legal or financial advice. + +More papers in the series are pinned to my Twitter profile, with an infographic: @ ronaldpol \[Some give free access to the full paper, others to the full abstracts\]. +I remember when this sub used to have 1500+ active members, now we have like 300-400 (which basically means Icy, RayG, raymv, home sweet, Pandora key and the mods). + +Most of my comments now don't get any upvotes, and in the last two days I'm seeing my comments getting downvoted without even saying anything controversial. + +These are either people downvoting or downvote bots, due to the low amount of karma being earned on r/ethtrader the value of an upvote increases and donuts become easier to manipulate using bots. + +Please upvote for the love of donuts, I'll start upvoting almost everything that's not completely low effort and I want everyone to do the same, upvote this post to spread the word. +There is really nothing left for Bitcoin. The ETF failed. The innovation halted. The infighting is worse than it has ever been. It is technologically behind Ethereum in all respects, even as a means of payment. Seriously, can we just accept it is time to move ETH into the position it well deserves. The dominate market cap. + +Hey, I'm all for Bitcoin making a comeback someday. But without the Flippening, we maintain the status quo. I would even argue Bitcoin NEEDs the flippening as a wake up call. If ETH took over the market cap, the Bitcoin community might enter a phase of mutual cooperation, or at least, hyper innovation, to stay relevant. If you care about the future of Bitcoin, let the fucking thing flip. +I am supposed to be a social worker who works for free but honestly I don't have the skills, knowledge and credentials to be called a social worker. I am just an MD-PhD student in real life trying to help out needy individuals on /near my Native American reservation. + + + + +In the present case, I am trying to help this non-Native white woman who has lost everything, from her job to her savings, health insurance - everything - thanks to cancer and an unsympathetic employer. So I thought I would ask the opinion of this useful sub for advice. + + + +Obviously this woman has rights to health insurance, even though she has lost her job. I think that's called Cobra or something like that. What else can she get to enable her to get back on her feet? She is 59 years old and a US citizen, so a few years away from social security. +I have been following the Gamestop saga since around November 2020. This is pure speculation based on events that I have witnessed. + +The SEC knows it all: + +* They know the colossal scope of the naked short positions. +* They know all the media entities that are helping short sellers manipulate the market. +* Gary Gensler knows every single illegal naked short seller and could put them behind bars right now if he wanted. + +So what has SEC done? + +* They prevented whales from forcing the short squeeze. Michael Burry was subpoenaed by SEC over GameStop. He was most likely forced to exit his position shortly before the January FOMO. +* They have possibly placed a gag order on Gamestop regarding this situation. +* They have allowed the naked short selling and media manipulation to continue in order to suppress the price. + +The only thing that can put an end to this is direct registering your shares. + +It does a couple of important things: + +* Those shares are completely out of the slimy hands of DTCC. The same DTCC that is mingling with Citadel and co. +* Once the float is locked, it gives irrefutable evidence of naked short positions and Gamestop can take legal action. Remember they have 1B in cash laying around? +* It also makes SEC look complicit. +Reading some of the comments [in this thread](https://www.reddit.com/r/investing/comments/gr09bz/slack_ceo_microsoft_is_unhealthily_preoccupied/) on r/investing, I wonder if Zoom will face the same situation in some time. The trio of MSFT, GOOG and FB all have some workplace offering that includes a version of Video Conferencing. What would make Zoom repel (and flourish against) this attack from three sides ? +Hello everyone, + +&#x200B; + +Based on some news from Kaisa Group Holdings missing a payment, it seems that we needed to have a deeper dive. + +No TL;DR; See Conclusion. + +&#x200B; + +I used the list of companies that I posted earlier, the top 50 Chinese property developers that are in trouble: [https://www.reddit.com/r/Superstonk/comments/qmc9eg/contagion\_of\_the\_top\_50\_chinese\_housing/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qmc9eg/contagion_of_the_top_50_chinese_housing/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Based on that list, I decided to take a look at individual company's information. + +The data source was Fitch ratings. + +Here's a sample of Aoyuan group: [https://www.fitchratings.com/entity/china-aoyuan-group-limited-91794891](https://www.fitchratings.com/entity/china-aoyuan-group-limited-91794891) + +Please keep in mind that this data comes from China, and not every data point is available. + +I have searched for top 20 companies in trouble, of which 11 could be found on Fitch Ratings. + +&#x200B; + +Evergrande may be the most talked about, however I've identified a few more developers that are in more trouble. + +The bonds that I will be talking about are off-shore, no data on on-shore exist on Fitch that I could find. + +Total value of debt in the 11 companies: USD$65.792B + CNY$2.8B which is equivalent to approximately USD$66.240B. + +&#x200B; + +[Figure 1: Bond details for companies with available debt data](https://preview.redd.it/hhfn5lbidpx71.png?width=1432&format=png&auto=webp&s=fa1fe799b1aa83c1b42d3b4841ecfb400101e8b8) + +&#x200B; + +Let's take a a look at the data with a chart as well: + +[Figure 2: Percentage breakdown of Total Live Debt](https://preview.redd.it/arbur8u0cpx71.png?width=1534&format=png&auto=webp&s=03e190bc8db1573e3af4b8e35d5dc8fd3ae30f49) + +Based on the data, I found there are two other companies with more debt than Evergrande group, but we have a few more of interest: + +* **Vanke Real Estate** + * 21.1% of total found debt + * USD$14.1B + * USD$5B higher than Evergrande group +* **Country Garden Holdings** + * 16.9% (nice) of total found debt + * USD$11.17B + * USD$2B higher than Evergrande group +* **Sunac China Holdings** + * 11.7% of total found debt + * USD$7.76B + * USD$1.3B lower than Evergrande Group +* **Kaisa Group Holdings** + * 11.6% of total found debt + * USD$7.68B + * USD$1.3B lower than Evergrande Group + +&#x200B; + +But debt is one thing, you should also take a look at how badly is each debt is valued. + +In this case, Vanke Real Estate - despite having $5B more in debt than Evergrande has a very low repayment had an extra bond without coupon rate or maturity date + +&#x200B; + +[Figure 3: Vanke Real Estate Missing Data](https://preview.redd.it/ogn9jkkjfpx71.png?width=1116&format=png&auto=webp&s=2cb9051aceb1ba9b58599229a9848e1623bc5533) + +So, I took a look at what is the debt to average annual coupon payment. + +&#x200B; + +[Figure 4: Raw Data for Annual Coupon Payments](https://preview.redd.it/znz1fje2gpx71.png?width=2578&format=png&auto=webp&s=04081575c8f5dd5356cdcdc0d5fe21588247b564) + +Each year, USD$3.96B have to be paid by the 11 companies. Kaisa Group having largest coupon pamyments of USD$820M/year. + +So, let's visualize this ratio information - I've highlighted Evergrande Group in Red. + +[Figure 5: Visualized &#37; of Annual Payment to Total Debt](https://preview.redd.it/fp8jva09gpx71.png?width=1508&format=png&auto=webp&s=8f8f391dbf0a70470f4408ac616cc3723f06c9e0) + +We can see here that today's Kaisa missing payment was no surprise, as their rate was at 10.7%. + +Moden Land contains higher coupon rates on average to their bond at 11.2% and is likely to be the next unit on the chopping block, despite only having USD$1.1B in debt. + +We also see Zhongliang Holdings as having higher rate than 9.25% and USD$1.2B in debt. + +&#x200B; + +In conclusion: + +Evergrande does not have the largest debt of known Chinese developers in trouble. **Vanke** (if you count the USD$9.5B unknown bond) and **Country Garden** have significantly higher debt compared to Evergrande. + +However, those with large debts seemingly got off on a good note with their bonds as their coupon payments are OK - comparatively. + +It made sense why Kaisa was in the news today, but I'd expect **Modern Land** and **Zhongliang Holdings** to be the next companies in the news due to their unfavourable coupon rates. +The hedge funds are moving shares amongst eachother to make it look like the price is diving to get us redditors to sell. DO NOT SELL. + +NOK will break $50 by Friday. DO NOT SELL. + +They are trying to take the wind out of the sail. Shutting down WSB. It’s all to get you to sell. + +HOLD BUY HOLD BUY HOLD +Sup Apes. + +I set up a CS account today for the sole purpose of future buys. I’ve been here since Feb and have seen it all. I don’t think transferring shares to CS is a bad thing, but I hesitate hard when something blows up like this pushing me to take action. + +I will however make future purchases through CS with the hope it helps get the world closer to annihilating the crooks behind all this absolute fuckeration. + +It’s ok if you aren’t comfortable transferring, BUY and HODL is the only true method for squeezing these bitch ass fucks out of their positions anyway. + +Do consider making some buys from CS regardless, I’m going to be ready and waiting for the mother of all dips. + +Fuck you. Pay me. + +Diamond Hands, Apes. 🚀🚀🚀🚀🚀🚀 +My company yesterday performed layoffs across the board and I unfortunately was caught in the cross fire. They offered a barebones severance package and the meeting lasted a whole 5 minutes. The room was full of despair and I played along even though I knew that I'd be fine. + +That all being said, I'm not in the least bit worried! I have 7 months worth of expenses saved up and have started planning a three week long vacation through the 4th of July. If it had not been for this sub and the constant push to save for the future, I would not be in the situation to do this. Yes, my FI plans are delayed, but the peace of mind that I have from not worrying about how I am going to pay bills/eat food/keep a roof over my head is worth the delay. + +In the next couple of days I'm going to do the following: + +1. Roll over 401K into a Vanguard account (still need to look into specifics for this) +2. Freeze gym payments as company used to cover this ($50/month) +3. Request for double the severance that they offered. +4. Enjoy the next three weeks of downtime and vacation. + +Again, if not for this sub I wouldn't be in such a stable situation. +We've all been hearing (for quite some time now) about Apple's large amount of cash-on-hand. I've seen tons of articles talking about all the things/entities that they could buy in cash if they wanted to. Its almost as if Apple is bragging about how much cash they have. + +Maybe I'm missing something, but isn't this a bad thing...? Isn't there a reason why we use discount rates when valuing future cash flows (because there is a time value of money)? I don't understand why it would be good for Apple to have tons of cash-on-hand rather than investing it. Someone please explain this to me... + +**TL;DR Why would it be good for Apple to have tons of cash-on-hand?** +Im starting a paper on jet fuel hedging using exchange-traded future contracts on crude oil. Im trying to get a better understanding once a airline buys a future contract on crude oil dated for september, what happens in september with the crude oil contract? How does the airline get the jet fuel? +Haim Bodek of "Dark Pools" by Scott Patterson fame is featured in this new documentary showing the true scale and scandal of the High Frequency Trading Space. Exchanges collude with HFT bandits to make millions off the backs of pension funds, mutual funds and other market participants by giving them the worst prices possible and manipulating laws to their advantage, all without oversight or penalty. http://www.sanglucci.com/checkout-sanglucci-in-this-new-documentary-the-wall-street-code/ +My main role is now in research and strategy development. The majority of trading is quantitative and automated, ranges between high-mid frequency, and targets equities, but we have consistently growing volume in other asset classes. + +Ask me anything, I might answer. +EDIT: Apologies for the title. **Expecting.** Dyslexia can be a bitch. + +EDIT 2: For anyone else who is looking for information on this there is a great video on the subject that /u/philosophicalbeard has found. [Here is the video.](http://www.youtube.com/watch?v=XY5SeCl_8NE) + Part 1 was fine but it basically talked to retail investors, about the old sub, and gave the basic details of what happened Jan 2021. However Part 2 went into all the structural problems that have been identified by all the DD writers. It goes into the DTCC, Naked shorting, FTDs, and it absolutely destroyed Citadel AND (somewhat surprisingly) the Prime Brokers! + +It discussed the evidence of collusion between RH and Shitadel. Strongly emphasized naked shorting and also mentioned problems of overvoting associated with it. Strongly implied Melvin and others never covered their shorts. Dr. T, Wes Cristian, and Dennis Kelleher had valuable contributions and Roman Roy roasts Kenny G. + +It was so incredibly bullish. Don’t take anyones words for it, watch it for yourself! + +EDIT: Language. Changed Closed to Covered their shorts. Important distinction, the doc makes this point as well! +SPY seems to be the only ticker I can make a positive trade on. Every other ticker I've tried to play I've lost more than gained. I'm getting small consistent wins with SPY, but I still feel like I'm gambling/guessing. What are some good, tried and true strategies that people have used to make it less "gamble" and more "educated guess" on SPY? +I'm a stay at home mom. I have 2 children, who's schools are still currently closed. I only work 10 hours a week from home. I live with their father. He has a good job and good health insurance. We are not married. + +My doctor suspects I have thyroid cancer. Not a big deal, but still needs to be taken seriously. I can't afford a biopsy or the right medication to help alleviate some of my symptoms. + +I haven't had insurance since my mom died a few years ago. I'm 25. + +I can't get insurance on the marketplace because it tells I can't include my boyfriend's income because we are not married. It doesn't even give me the option to purchase a plan. I don't make enough money so it automatically refers me to medicaid. I don't qualify for medicaid because Medicaid includes my boyfriend's income because we live together and he is the father of my children. I'm excluded from both the marketplace and medicaid. + +I'm stuck in limbo and I'm very sick and feel pretty hopeless at this point. + +I need advice please. + +Edit: we can not get married for several reasons that I can't explain here. It is not an option unfortunately. +As the title says, he got a very official letter from the North Carolina Department of Commerce denying his unemployment claim. He's been steadily employed by the same company for 7 years. What should our first steps be? Assuming his identity's been stolen and going nuclear with credit bureau freezes? Contacting the Department of Commerce to get more info into the claim? +I have +-10K EUR in my main broker account, mostly for dividends, 'big companies' etc..Was looking for some info and came across this sub, for the laugh I put 500 EUR in a different account and 'followed' the buy advice of the specialist here. + +This is the result after a few months, I know it is a short period of time -- Will repost again after 1 year. + +PS: It is in Dutch and can not change the language.. but you'll understand it. + +\--------------------------------- + +EDIT: To clarify, since I was only willing to spent 500EUR I didn't buy stocks that cost 'a lot' (like Tesla), this was more of a 'test' on penny/low cost stocks after reading on this sub. + +On my main account I got : Tesla, Kimberly-Clarck, Barco, Coca-cola, Tencent, Microsoft, Sony etc... the basic boring ones. + +https://preview.redd.it/bm2bgwz7ds241.png?width=815&format=png&auto=webp&s=9c49c33dd076ed3a0b03e3248d5f79738fd772e6 +I have been in my current job for a couple of years. The all-in pay is 215k/year, the hours are 9-5, and the job is 100% permanently remote. In terms of lifestyle this is pretty great, as I have no commute time, can travel frequently, and have a great work/life balance for my profession. + +However I have just been offered a new position through my network. This job would pay 500k/year (including bonus). It would also require me to live in NYC (a city I love, to be fair), be in the office at least a few days a week, and work much longer hours (at least semi-frequent late nights and weekend work, monitoring emails all times of the day, etc.). + +I am really struggling with the decision. While the compensation difference is massive, a fair bit of that would likely get eaten up by NYC cost-of-living and taxes (I currenty live in Miami), and my work/life balance would be substantially worse. + +Would it be insane to turn down this offer? + +For context, I am mid/late 30s, single, with about 500k of assets and no debt. + +EDIT: One big factor I left out. I have lived in NYC previously, and outside the winters and high COL I actually really enjoy the city. The concern with location is just that with the new job I'd be tied to the office/city, so couldn't travel spontaneously and work from home the way I do now, in addition to the higher stress job. +Quick update, our holders are strong and steady. + +It's not every day you see a doxxed dev with a new crypto token! Most of these new tokens are instant rug pulls… but this one you can trust for a long-term investment. + +Gaining holders by the hour, they are staying on board and buying the dips. + +Our roadmap doc should be ready by this evening, hope to share with you all soon. + +Excited to show everyone more details on what’s to come! + +Let us know in the comments if you have any questions or ideas for our upcoming platform launch. + +Look out for more updates on $Bubblegum and thanks all + +Telegram: [https://t.me/bubblegum\_bsc](https://t.me/bubblegum_bsc) + +Liquidity has been locked for 24 months: [https://bscscan.com/tx/0x9a6a69ef104570e2b0cc147be4a4b7d5966b335d5e9867b85e233310d3eccbb2](https://bscscan.com/tx/0x9a6a69ef104570e2b0cc147be4a4b7d5966b335d5e9867b85e233310d3eccbb2) + +PancakeSwap (v2) buy: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x58bfc98f3974aef4fed9a0168b97cccd3512cb4a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x58bfc98f3974aef4fed9a0168b97cccd3512cb4a) + +PooCoin chart (V2(: [https://poocoin.app/tokens/0x58bfc98f3974aef4fed9a0168b97cccd3512cb4a](https://poocoin.app/tokens/0x58bfc98f3974aef4fed9a0168b97cccd3512cb4a) + +Contract: 0x58bfc98f3974aef4fed9a0168b97cccd3512cb4a +So I don't think housing will crash but i was hoping for a correction. I went to an auction to bid on a 300k home and it sold very very high at 225k . Eviction is needed for current owner and 30k rehab minimum. + +I am not seeing a slow down in my cities from investors. + +How are other people doing in their markets? + +I'm still buying plenty from preforeclosure folks but there aren't many of these either since banks are modifying loans pretty easily to avoid foreclosures. +Saw this post in R/Investing, and thought this was crazy. Never once in my Investing life could I compare stocks with REI. To me, I would never consider Investing in stocks. I make like 30% cap on my property. Never seen a stock like that before over long term. + +Also, with stocks, once you sell, you lose ownership, but in real estate you can cash out your equity retain all ownership and full rental income with a refi, to buy muchore property. + +Anyways, after reading that post, I am under the impression that stock investors are very lazy. Their main concern is dealing with tenants and doing lots of work. In that sense they are correct that it is far more work than clicking on a stock over the internet. + +Everyone I know who is wealthy, got rich in real estate, and everyone I know who invested in stocks gets rich for like 10 years then loses their money. Seems like OP's investment didn't perform and he blamed the entire REI because of it. + +Edit: can't seem to find the post now, may have been deleted? Or just my internet? Here is a copy below: + + +"TLDR: We bought our first investment property and after running the numbers, I believe we would have done better putting our money in the stock market. + +We bought the property based on hearing so many people talk about how incredible real estate is as an investment (Bigger Pockets, our realtor, and many wealthy older people). Now that all is said and done - we did our repairs and have renters in - I did a full projection of our property with some estimated (conservative) appreciation, all of the tax benefits, etc. In the end I think a conservative stock portfolio managed by a professional would do better over a 10-20 year period. I believe that our house will perform decently compared to other real estate investments, so this question isn’t about our house in particular, but really all real estate vs stock market decisions. + +I’ve talked to a few people who have invested in real estate about this, and they seem hung up on the real estate return figures. I can’t get them to realize that just because you’re not actively losing money doesn’t mean you’re not leaving money on the table. + +At this point I’m pretty confident that I’ll put the rest of my savings with an investment firm, but I want to make sure I’m not missing some huge opportunity in real estate." + +My mom want's to sell me her townhome below market value, but I'm not 100% sure if this is a good idea. She owns the home free and clear (No Mortgage) and has already brought a second house to live in + +She wants to sell the home to me for between $225,000 to $250,000. This is A 3/2 townhome in the Tampa area. A comparable unit in her neighborhood just sold for $275,000, however my mother's house is on the water which may make her home value higher. + +I am a full-time 23 y/o Computer Science college student (will graduate in 6 months), with a full-time tech job making $40,000 a year. Or around $3,000 a month. For my expenses I pay : + +\- $1000 month for Rent/Utilities (My half) + +\- $400-500 Miscellaneous/Fun + +\- I have no savings right now + +\- I have $8500 in Federal student loans that are deferred until 2024. For a 10 year plan I pay $150/mon + +\- Credit Score 680's + +The rest is either used to pay-off debt or put in my Roth Ira. + +I have been doing some research and the mortgage (assuming 250k) would run me $1900-ish a month, including HOA fees, property taxes (she would transfer her homestead exemption to me), Homeowners Insurance, and some utilities. Also, how does a gift of equity work? Would the home price be $300,000 and the equity gift be $50,000 bringing the price to 250k? The research online is a little confusing. + +The home has: + +\- 3 year old new roof + +\- 3 year old new HVAC system + +\- 3 year old new appliances + +\- 5 year old flooring + +\- Recently had an inspection (less than 1 year ago) in which there were only minor problems + +\- Would come partially furnished + +I currently live with my boyfriend of 3 years, I of course would not put him on the mortgage or anything official, but he would be my roommate and is willing to pay $1000 month for expenses/rent. I also have a friend who would be interested in renting one of the rooms out for $500. I could also rent the 3rd bedroom out for extra income, but I'm not sure on that yet. + +My mother (who is a realtor) said she would pay $10,000 for my down payment and cover closing cost. She would also waive realtor fees, although I know we can go through an attorney instead to lower prices as well. + +I'm really hung up on this decision. I know this is a great deal but the monthly payment is daunting. + +Although, I am a bit comforted that my income will increase after I graduate to at least $55,000. + +What do you guys think? +How do you guys/gals store any emergency funds/reserves for each property? Do you just put it in High Yield Savings account or do you keep it in low-volatile treasuries/bonds? + +&#x200B; + +Also, will I have trouble getting financing if I keep my reserves in low-volatility treasuries/bonds? Because I heard that typically lenders want to see reserves (preferably cash) before they finance. +“Real estate crash incoming!!” + +This is all I hear lately. On Reddit, YouTube, all the clickbait news sites. + +Let’s take it back to 2008 (before a truly epic real estate crash) + +25% of US homeowners in negative equity position. + +20% of mortgages were subprime NINJA, adjustable rate garbage. + +Now for 2020 + +Less then 5% of homeowners are in negative equity positions. + +For a “crash” to happen, we would need a large quick influx of supply, in 2008 this came from foreclosures since no one had any equity and just walked away. + +We won’t get this large influx of supply from foreclosures this time around, sure maybe some, but far too much equity out there. + +For those that think a crash is coming, where will the glut of supply come from? Only a larger supply then demand can send prices falling. If anything all the damage points to lower supply. One could better argue that real estate prices have a better chance at rising then falling in the next few years. +Every time I see this question I mostly hear the answer: don't pay off early just buy another building. But here goes anyway: + +I bought a 4-unit building in March, 2018 for $230,000. Borrowed $175,000 on a 30-year fixed with 20% down. + +After a $20K rehab, three units are renting with the building cash flowing $800 above the mortgage, taxes and insurance ($2,600). The last unit will/should rent for $1,400, for a $4K gross a month). Mortgage payment, insurance/taxes are $1,800. + +I now have some money and could pay off the entire loan or $100K of it. Paying off $100K and "recasting" would lower the payment to $1000 and pay off the loan in 8 years. + +Total interest paid would be $18,000 with the recast; $175,000 paid in interest with the 30 year. + +I am 57 years old. Not retiring anytime soon but realistically working another 10-15 years. It just seems stupid to pay $175K in interest over the life of the loan when I could save that money by paying early and building back an investment fund with the rents. + +I'd love to buy another building but prices are too high now and I have a full-time job and don't want to spend every moment of my spare time managing more units. Thoughts? + +I was approved by multiple lenders for over $275,000 for my first investment property but I can't get any of them to service a loan at $45,000. I'm planning to put about $15,000 into it but want to do the work myself so I don't want to get some kind of home improvement loan and I don't want to unload a lot of cash up front on the actual purchase price or it'll put me over my goal number for cash on cash return. + +Does anyone know a secret outside of raising my own capital to get a mortgage for this low? +I’ve found a property listed today in one of the markets I’m interested in. It’s a triplex (2/1, 1/1, 1/1) going for $75k and two of the units are rented for $580 and $555. I would cash flow $350 monthly with the current tenants, ignoring that market rates are higher (yes this is after maintenance, vacancy, property management, and landscaping). + +The shape of the property is probably a C and it could definitely use some rehab. My plan is to rehab the non-rented unit and bring it up to market rent while I wait for the other leases to end. + +My annualized CoC ROI is ~15% before rehab after accounting for repairs, vacancy, and even property management. If I get that third unit rented for 50% market rents, my ROI goes to 42%. + +I’m planning on self managing for now since I’m close to the property. + +The sale price above is about 25% below comps so I think this deal makes a lot of sense even with the macro conditions. I don’t expect value to decline 25% in this market over the course of the fed’s tightening. + +I feel like the property is just gonna disappear in front of my eyes to a cash buyer but hopefully that’s not the case. + +Am I missing anything? Please poke holes in this plan. +I can’t stand when I talk to people about interest rates now being 6%. Often I’ll get a response saying, “when I was your age (29), interest rates were 16% for a mortgage”. Do you not know how irrelevant that is today? Imagine buying a 3 bed 2 bath in the Bay Area for $1.2M. That’s $16,137 a month at 16%. A $1.2M loan at 6% is $7,195. MASSIVE difference. Your $50,000 home at 16% was $672 a month. A $50,000 home at 6% is $300.00 a month. NOT THE SAME PEOPLE! Lol. Even if you made $20,000 a year in 1975 vs $150,000 today. It’s still impossible to sustain a real estate system beyond 8% in my opinion. Everyone would go broke today. +So far, the real estate market hasnt been effected much by COVID. +Ppl were calling for crazy ‘08 drops in price, i thought inventory would dry up, leading to prices remaining stable. + +So far I’ve been proven right, as I barely see new listings come online in my own city. + +Are any of you all planning on selling any homes right now in case “the shoe drops”? + +Curious as to what others are doing. My properties all cash flow atm, but I’m considering liquidating maybe one or two +So the scenario is, I placed an offer on a home subject to a 15 day inspection window. I had the inspection done inside the widow and the inspector said “I can’t get into the crawl space, the foundation has shifted and it’s too tight” end of inspection. The seller disclosed there is foundation problems - so this was to be expected and I didn’t immediately respond to the seller asking for repairs to be done as I wasn’t sure what all was needed + +Fast forward a few days I hire a foundation / water mitigation company to come out to quote for repairs (FYI - now we are outside the 15 day inspection window per the contract), they find a guy who can fit in the crawl and he come back up and says “there is lots of black mold and cats living under the crawl. The insulation will need to be ripped out and floor lifted with waterproofing and new insulation installed” + +As stated before, the foundation issue was disclosed, however the mold issue was not - I decide this is too much for me to take on (quote for repairs was 18k and seller was trying to sell “as is”) + +Do I have any right to my $1000 earnest money back? It’s true I decided to walk after the inspection window but the seller never disclosed the mold issue we found...thoughts? +Married with 1 child who is about to start Kindergarten this year. Currently own a home with about 40-50k in equity. Current base salary is 53k but with overtime I make about 70k currently. Was offered a chance to move to our Chicago office which would come with an immediate promotion and raise to a base pay of 73k and would still be eligible for overtime at 1.5hr rate. I typically work about 10hrs OT a week. Position also comes with a guaranteed 5% raise every year I am in Chicago, but I am not sure what the cap is at. I imagine 85-90k base at this position, but still can get OT. We have about 10k in credit card debt we have been trying to payoff slowly the last year or two. Company would pay for all moving expenses, 2 trips up to Chicago to scope out a place to live, and an immediate $6k bonus. We have to accept by Monday. + +We would have to do spend some money to get the house ready to sell, but it would increase our return when sold. + +I never thought I would be posting one of these stories in here, but this opportunity sounds too good to pass up. My wife works remotely so it won't affect her job. What things should I be considering in this decision that I may not be already. + +edit: the raise would equate to about 38-40% increase immediately. To get that where I am would probably take several more years. + +Edit 2: Would be looking to rent an apartment in Deerfield due to school zoning and proximity to work. Approximately 6 miles. Estimated apartment rent would be 2200/month. Estimated expenses based on COLA increase is 4500/month. Estimated income between 5000-5600 take home/ month. Would be debt free with about 25-35 emergency fund. +The asset class of alternatives generally seems to be rarely discussed among passive investors and retail investors - with a big focus on the typical portfolio allocations to solely equities and possibly bonds. However, among institutional investors including pension funds, life assurance and more, an significant allocation (sometimes as much as 50%) to alternatives is standard. Examples include, long/short funds, commodity ETFs, precious metals, collectibles. + +A number of academic studies and analysis by various asset managers has indicated a benefit to risk-return profiles of portfolios given an allocation (most sources suggest between 5-20% weight of total portfolio) to alternatives. The performance of bonds and stocks in 2022 have largely been poor, and this time will be remembered as one of the rare times high quality bonds and stocks have both performed poorly at the same time. Various alternatives such as infrastructure, commodities, and real estate have comparatively performed well YTD, showing their value in market conditions where stocks and bonds happen to show higher correlations, along with their long term ability to reduce volatility. Many alternatives are poorly correlated or uncorrelated with stocks and bonds, providing additional diversification. + +Just interested to know people's views on alternatives, and if they are a part of your portfolios? If yes, why and how are you choosing to gain exposure to these assets? +I’m from a third world country, we live on $200 a month and I don’t wanna keep like this. + +My parents have bleed to death for me, to give me a good education (we together managed to pay for my education in the best college in my country) and I want to be able to give them the retirement they deserve. + +I’m currently 25 and planning to move to Spain to make more money and help them. We are also beginning a business so they can have their own income while I’m not able to help. + +I also own a little Bitcoin and ethereum that I keep as an emergency fund. + +But I would really like to learn more about finances, investments and trading. I’m not only interested in money, I also think it is really interesting and exciting so I don’t think at all that it will be boring for me. I’m learning a little with Coursera but I can’t pay a real course because we live on a tiny budget. + +So I’d really appreciate if some of you could give me some advice on maybe a book, a podcast, yt channel or free courses I could learn from. + +Also, if you had any other advice it would be absolutely welcome. Thank you! +As the title says, I want to get involved with day-trading. My short term goal would be to average about a $20 per day return. + +Is this realistic? + +and which would you recommend, stock trades or FOREX? +Multiple issues with the house, but the main issues of concern were: +-Natural Gas leak in the attic +-Multiple fire hazards including outlets facing upwards under the stovetop and the oven using incorrect electrical setup +-Water penetrating throughout the entire home leading to mold growth +-The panel covering the main electrical breaker for the house is caulked shut and inaccessible + +Other than obviously revoking our offer, what do we need to do? We're thinking of trying to get out of the lease, but not sure if we would be subject to early termination fees. + +Houston Texas is the location + +Update: Gas Leak was fixed promptly by the gas company + +Update 2: +Thank you to all for the great and thorough inputs. We are getting a mold test to determine which strains the home has. Waiting on the emailed official report from the inspector before trying to get the landlord to fix the electrical and fire hazards. Currently staying at a friend's house. + +Clarification on the stovetop outlets: The stovetop is on an island in the middle of the kitchen. Around the rim of the range's metal body, there are small gaps leading below where their are outlets facing up towards the island counterspace +So all these companies accomplish the same thing transferring your fiat from one corner of the world to next with high fees + +Ethereum is accomplishing the same thing and more + +From my point of view ether is really undervalued +Good evening, fellow ethtraders! There's been some stuff on my mind regarding TipJar that I would really love to get your input on. If you're unfamiliar with [TipJar](https://www.reddit.com/r/TipJarBot), it's a project I've been working on for a couple months. It's a bot that allows redditors to send tips to one another in ether by using the `!tip` command. I've been thrilled to see that this sub has received the service positively, and in the past 1.5 months, over 1,500 tips have been sent. + +--- + +### My thoughts on the future of TipJar + +Here's what has been on my mind: /u/TipJarBot has turned out to be a neat little prototype for sending ether to one another on reddit. **But I think the idea of rewarding one another for high quality content using micropayments is a powerful one that could go so much further** than the simple reddit bot that TipJar is now, by doing the following: + +* Extend beyond reddit to other social platforms (Twitter, Slack, Discord, Twitch) as well as content distribution platforms (Medium, YouTube, WordPress). +* Make the service much more user-friendly for a mainstream audience: + * Highly improved web app with a professionally-designed layout, logo, and "branding". + * A browser extension to make it easier to tip without manually entering a command. + * An HTML "Tip" widget that content creators could add to their pages, depending on the platform. + * Offer more streamlined ways to deposit/withdraw funds (Mist/Metamask support, integration of the Coinbase "Buy Ether" widget, etc.) +* Support ERC20 tokens, which will hopefully one day include a "stable-coin" of some sort. + +--- + +### Long-term goals + +* Promote the creation of high quality content by social media users, bloggers, and other content creators without as much dependence on traditional monetization models like advertising. +* Help bring Ethereum usage to mainstream adoption by users outside of the cryptocurrency community. I believe that given the proper time investment, TipJar could be one of the projects that makes Ethereum more approachable. +* Give people that feeling of excitement that comes with receiving a well-deserved tip, and provide a means for people to show gratitude beyond an upvote or a "Like". +* On a personal note: my dream for some time now has been to turn Ethereum development into my full-time job, and I'm hoping I can make that happen through TipJar. I work full-time as a game programmer, and I love my job, but working on Ethereum-related projects is what really gets me excited in life. + +--- + +### What's this post all about? + +In a way, TipJar belongs to this subreddit, so I would love to hear your feedback on *how* to move forward. The reason I can give only ~10 hours/week to TipJar rather than 45+ is purely financial -- I can't just quit my job to work on my side project. I'm posting this because I'm trying to figure out how to get to the point that I can work on TipJar full-time. + +* In the past, some of you have thrown out the idea of a TipJar ICO (and some sort of "TipCoin"). The benefit of this option is that the project could scale depending on the success of the fundraiser (the dream of hiring another developer or two plus a graphic designer is a tantalizing one). Plus, an ICO would allow me to offer supporters something in exchange for the fundraising, in addition to just the TipJar service itself. But with the level of vaporware, greed, and ICO-fatigue we've seen here lately, is this even something anyone would want? Or is everyone just about ICO-ed out? + +* Another option is to use a service like Patreon for monthly financial support. It does require much less of an up-front investment than an ICO would, but that also inherently gives me less security in moving to TipJar full-time. I personally like the Patreon idea less than an ICO because it doesn't offer as much in exchange for supporters of the project. + +* Yet another option is just to continue along like I am now -- work on TipJar in what little free time I have, and eventually make it open source in an effort to speed up production. I plan to continue working on TipJar regardless, but it's hard to only give the project I love working on so much only a few hours of my time each week. + +--- + +Maybe some of you have other thoughts on how to achieve this -- or maybe you all think I'm crazy, in which case, tell me! I'm very curious to hear what you guys think about how (or even *if*) this project should grow. + +**TLDR: I want to make TipJar way more awesome and I'm looking for input on how I can work on it full-time... ICO? Patreon? Don't bother?** +Probably get down voted like crazy for this. + +I'm not going to fluff you with some bullshit about how we are due for a bull run. In fact we definitely are not. With all of the uncertainty around Bitcoin right now crypto investors are shying off. + +We won't see a bull run until well after this Bitcoin segwit/hardforking nonsense is over. You and I know Bitcoin is not even comparable to ethereum but sadly the rest of the world does not, and we simply don't know how market forces will handle an event like this. + +This hypothetical post hard fork bull run is only going to happen if the hard fork goes well. + +It's kinda like groundhogs day. If Bitcoin sees it's own shadow in the wake the current network difficulty we are in for a long, cold cold winter. Or summer for you folks on the other half of the world. + +Not what y'all wanted to hear I'm guessing, but I think it's pretty damn near accurate. Stay classy, stay hodling. +[LINK](http://www.reddit.com/r/personalfinance/comments/2uuioz/i_wanted_to_tell_someone_but_not_anyone_who_knows/) + +MNST holdings are now worth $650k, with another $396k in retirement funds + +EDIT: I am by no means suggesting people should dump $90k into a single stock. Just thought this thread was highly entertaining to see the insane result of such a decision. + So this is probably more of a rambling of my thoughts rather than a specific question \- but mostly curious to see if others are/have been in a similar situation. And before I start I want to acknowledge that I realize that I’m in a very lucky situation and this is a very first world problem, so I’m not looking for sympathy, but rather just advice. + +I’m a 33y old mom of almost 2 kids \(a 2 year old and a baby due in 2 months\). And everyday I face mom guilt. I work in tech, make roughly 300K a year, have a flexible schedule, and reasonable hours. I’m home by 5pm most days and compared to most I get to spend my mornings, evenings and weekends \(roughly 4 hours a week day\) with my kids. But it doesn’t feel like enough. + +My son is in daycare all day, and he seems happy, but I wonder everyday if he’s too young for that kind of stressful/busy day so young. I get 6 months of maternity leave that I’ll spend with the baby, but will have to leave her all day too when I return back to work. We live in the Bay Area and have no family near by. + +Everyday I struggle with should I quit and spend more time with my kids or should I take advantage of this high paying, comfortable job that I really enjoy. + +Would my kids be better off if I spent more time with them now or should I focus on creating a net worth that gives them every opportunity they want in the future? + +Part time in my job is not an option. Leaving work for a few years and coming back is not an option \(ageism is real\). + +Would I be a better role model for my kids if the see me working on really exciting and ground breaking projects \- things I’m really proud of, or would my time spent with them be more beneficial? Also things like going to the gym have been put on hold, because every moment I’m not working I feel guilty not being with my kids. We also outsource everything \- cooking, cleaning \- so when we are home, we are 100&#37; focused on the kids. + +My husband makes good money and has a similar schedule. He doesn’t feel this guilt at all and love our setup. + +We have a net worth of 1.2M. So staying at this job is both about the money and also about my identity and impact in this world. Working for the next 5 years could potentially bring our NW up to 3M, or maybe more. + +How do you all balance your self identity, being productive, building a strong financial foundation for your family’s future vs being present and spending time with them now when they are young? +Let's take a short break from trolling and FUDing and look at the facts for a change. + +[Avg. # of BTC Segwit tx](http://segwit.5gbfree.com/countsegwit) +(10-block-average): +47 (increasing) + + block 484379 total: 2255 Segwit: 25 + block 484380 total: 2019 Segwit: 41 + block 484381 total: 1945 Segwit: 46 + block 484382 total: 2236 Segwit: 51 + block 484383 total: 2083 Segwit: 33 + block 484384 total: 2637 Segwit: 63 + block 484385 total: 1700 Segwit: 43 + block 484386 total: 2420 Segwit: 46 + block 484387 total: 1790 Segwit: 62 + block 484388 total: 2570 Segwit: 59 + +[Avg. # BCH tx](http://fork.lol/tx/txs) +(per block, 24-hour-average): +38 (stagnant) + +(good thing that BCH has that 8MB blocksize!) + +Fact: 47 > 38 + +Edit: People are complaining I cherry picked the data. I used the very last 10 blocks at the time of writing. If using the last available information is cherry picking now, I don't even know what to say. You can use [moving average crossovers](https://en.wikipedia.org/wiki/Moving_average_crossover) to predict trends. + +**Update:** + +It is now 18 hours after I posted this. The 3-hour-average of SegWit transactions is now also higher than the 3-hour-average of BCH transactions. The 24-hour-averages are closing in very fast. +Someone I know has decided to move back in with her parents because she and her husband could not afford the rent she was paying living in the city. They have one child. Due to the lock downs, they don't have any jobs. They have decided to move back in with parents who have a three bedroom house in the suburbs. Everything is fine because the parents sleep in one room and this lady and her husband sleep in another room, and there is a spare room for the baby. + +It is common for boomer parents to have purchased three or four bedroom homes expecting to have a family, and when the millennial kids move out, there are one or two empty bedrooms. The parents don't downsize usually due to comfort, habit or massive stamp duty. This is a huge waste not just monetarily (the beds could be rented out and the millenials who move out pay rent when they don't need to) but also environmentally as new apartments and houses need to be constructed to house the millenials who move out. + +Living with parents should be done to save money and help the environment. Privacy is not an issue anymore thanks to technology. Noise cancelling headphones allow you to block out noises from other parts of the house. + +The key to saving money on accommodation is through high density. The less space you have, the more money you save. This can be achieved with not just flatmates and romantic relationships but also living with parents. Having less space can also be seen as a positive rather than a negative if you have a "minimalist" mindset eg you have less to clean up, it forces you to buy less stuff, heating costs are lower per person etc. +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 don’t. It’s entirely up to them and as long as they get something from the content we put out, I’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 don’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 - I’m only human, after all. +... + + + +Robotic Assistance Devices Receives Opening Order from Recently Signed Dealer St. Moritz Security Services + +BUSINESS WIRE 9:00 AM ET 4/21/2021 + +Symbol Last Price Change AITX 0.07125 +0.0014 (+2.004295%) QUOTES AS OF 09:32:35 AM ET 04/21/2021 + +HENDERSON, Nev.--(BUSINESS WIRE)-- Artificial Intelligence Technology Solutions, Inc.(AITX) today announced that its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received a 5-unit order from recently signed authorized dealer, St. Moritz Security Services, Inc. + +“It was just last month when we signed on to become an authorized RAD dealer, and we knew that we had a few good opportunities where we could place RAD solutions,” said Matthew Schwartz, CEO at St. Moritz. “We are really pleased with how rapidly our clients have embraced the RAD product offering and are ready for deployment,” Schwartz concluded. + +Specifics of the purchase agreement were not disclosed, but the company confirmed that the order is comprised of three ROSA units, plus two AVA units. The end-users where these units will be deployed are a logistics/distribution warehouse and a HOA community. ROSA (Responsive Observation Security Agent) is a compact, self-contained, security and communication solution that can be deployed in about 15 minutes. Its AI-driven security systems include human and vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras. AVA (Autonomous Verified Access) is an ultra-compact, stanchion mountable unit that provides an edge-to-edge 180° field of vision with advanced access control over gates, doors and other controlled entries. + +“We knew that we’d see great results with St. Moritz,” said Jordan Lippel, VP Security Solutions of RAD. “This nice initial order is an indication that we are going to have a solid relationship going forward.” + +St. Moritz achieved over $100 million in annual revenue in 2019, which ranks them as one of the largest American-owned security companies in the U.S. and in the top 2% of all security companies worldwide. St. Moritz has thirty offices nationwide, and covers the entire U.S. and Canada. + +Robotic Assistance Devices (RAD) is a high-tech start-up that delivers robotics and artificial intelligence-based solutions that empower organizations to gain new insight, solve complex security challenges, and fuel new business ideas at reduced costs. RAD developed its advanced security robot technology from the ground up, including circuit board design and base code development. This allows RAD to have complete control over all of design elements, performance, quality and the user’s experience of all security robots, whether SCOT™, ROSA™, Wally™, Wally HSO™, AVA™ or ROAMEO™. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto. + +CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS + +This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Artificial Intelligence Technology Solutions(AITX) to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, to meet business and financial goals including projections and forecasts, and other risks. Artificial Intelligence Technology Solutions(AITX) undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions(AITX) expectations. + +About Artificial Intelligence Technology Solutions(AITX) + +AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD and RAD-M companies help organizations streamline operations, increase ROI and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services, and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education and healthcare. To learn more, visit www.aitx.ai and www.roboticassistancedevices.com, or follow Steve Reinharz on Twitter @SteveReinharz. + +View source version on businesswire.com: https://www.businesswire.com/news/home/20210421005375/en/ + +Source: Artificial Intelligence Technology Solutions, Inc.(AITX) +I apologize to the ape who’s comment I originally read this in, you deserve all the credit. It was a day ago and I just can’t find it. + +It really struck home with me as a valid end game. What I wanted out of multiple shares can be attained with the sale of a single share sold at a higher price. All it takes is collective diamond hands. I’ll do my part. Not advice, just thought it was worth saying out loud. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: As has been pointed out below, selling 1 for 3x your desired take home price makes more sense. I think I feel my first brain wrinkle coming on! + +2nd Edit: credit to u/noyogapants ! +Approximately this is when the CNBC interview happened and the dude raged yelling "sell it now, ask questions later". + + +Later then follows, and everyone's buying the shit out of it! + + +Hedgies R' So Fuk + +Can't Stop +Won't Stop +**GAMESTOP** + +https://preview.redd.it/o8y8oxig6im71.png?width=881&format=png&auto=webp&s=e30c2a6930d085082dab13689dca90aebdc11a30 +Theres a big discussion going on in r/financialindependence about this. In many subs, any alternative investment advice outside of "VTSAX, Index funds" gets downvoted. There is hardly any discussion about real estate or business ownership, private equity, stock picking because not everyone succeeds at those and higher risks. + +What do you think of this? +So I am getting a pretty large sum of money, 90,000 US Dollhairs quite soon. Like, two weeks soon... + +I am single and in my mid twenties. I am currently homeless with nothing to my name besides a tent and a backpack with clothes and some hygiene in it. I have no debt or liens, nothing that requires payments of any kind at this point. I have no bank accounts either. No current employment. I am on food stamps and Medicaid but no financial benefits. No unemployment. + +My initial thought was something along the lines of... + + I'll just use 33%, or 30,000 to pay for things I have always needed but never gotten; a scooter/cheap used car for transportation, a camper or RV for a permanent roof over my head, a small piece of property or pay for a spot in advanced to place such, phone and phone bill pay a year in advance, and any other small basic necessities and loose ends I can't think of currently + +Use 25% or 22,500 to invest, how, I don't know yet and would like to find out. Probably a decent amount into crypto, some into S&P, etc. + +25% or 22,500 would go into savings, CDs, idk you tell me + +17% or 15,000 would be used as startup for a small pool cleaning or lawn care business I'd like to begin owning/operating. + +I'd maintain a full time job to cover loving expenses and any other type of things I have to continue paying for... + +This is a super rough draft and I'm open to ideasm obviously my knowledge and background in finances is straight trash and I need some guidance, advice, what you thinking? Thanks! +To preface this, I have been pretty sheltered all my life despite my age (28). Both a blessing and a curse. My schooling took a while and I started my adult career 7 months ago. And through this time, I’ve been getting monthly allowances from my brother (32) who took over the family business from my dad. + +He has 50% of the shares, my mom has 25% and I have 25%. But a few months back, he asked me to give him my shares while promising financial support while I advance my career. This includes allowance, house down payment, signing as a guarantor for a mortgage, etc until I say stop. It's generous, I know, but these things were also given to him by my dad previously as well. And the thing is, my dad and my brother do business together and my brother is refusing to work with my dad until I give him my shares. I've never been involved in the business personally. + +I asked him how I can guarantee what he's promising; he said I'll have to trust him and that he's done diligently so far. He told me he's willing to negotiate terms, so I asked for a financial report of the business to be more informed. He refused. Originally, I thought he was asking for a "raise" (so to speak) so I suggested asking for my mom's shares. He also refused. It feels like he's willing to take care of me, but just doesn't want to "share" the business. I don't know. And then I just found out his wife is pregnant. + +I can't give my brother my shares on just his word, I know that... but I don't know what I have to tangibly do next. Draft a contract? Get the business evaluated? I don't know what my plan should be and tbh pretty overwhelmed. + +Any advice is super appreciated. +[https://imgur.com/a/ruIvZu6](https://imgur.com/a/ruIvZu6) + +As you can see in the screenshot BitPay is now forcing customers to register, identify ourselves and set up a wallet on BitPays website to increase their userbase --- in order to pay with bitcoins for e.g a pizza. This is some NSA bullshit. Customers whom they are siphoning out from all online stores where BitPay have been implemented into. Online store owners most likely thought BitPay was a smooth and easy way to implement bitcoin/another payment gateway. Now they will be losing customers instead. + +This is extremely shitty for bitcoins adoption and what bitcoin stands for. We are supposed to be able to send bitcoin freely to an address without being forced to register anywhere. That is exactly what a p2p bitcoin payment / transaction is: from one address to another. + +I therefore suggest that all of us: + +# STOP USING BITPAY - NEVER pay an invoice with them again. NEVER!!! + +Email all your favorite online stores who uses BitPay and ask them to immediately gateway to any of the following (in no particular order): + +* BTCPay: [https://en.bitcoin.it/wiki/BTCPay](https://en.bitcoin.it/wiki/BTCPay) and [https://btcpayserver.org/](https://btcpayserver.org/) +* CoinPayments: [https://www.coinpayments.net/](https://www.coinpayments.net/) +* CoinGate: [https://coingate.com/](https://coingate.com/) +* Blockonomics.co: [https://www.blockonomics.co/merchants#/](https://www.blockonomics.co/merchants#/) +* Full list: [https://github.com/alexk111/awesome-bitcoin-payment-processors](https://github.com/alexk111/awesome-bitcoin-payment-processors) + +&#x200B; + +**I will be emailng something like this:** + +"Dear online store, + +BitPay, i.e. the company you are using for bitcoin payments, have now started to force us customers to register an account on their website and will ask us for a scan of ID, passport, selfie with passport, video recording saying random words and a proof of address in order to let us pay with bitcoins in YOUR online store. Neither I nor my friends support this and will therefore never shop here until this is changed. Would you be interested in using a payment method where you are asked to submit all of those requirements? Most definitely not. So why force us? + +I kindly ask you to immediately change your bitcoin payment gateway to any of the following: + +* BTCPay: [https://en.bitcoin.it/wiki/BTCPay](https://en.bitcoin.it/wiki/BTCPay) and [https://btcpayserver.org/](https://btcpayserver.org/) +* Confirmo.net: [https://confirmo.net/home](https://confirmo.net/home) +* CoinPayments: [https://www.coinpayments.net/](https://www.coinpayments.net/) +* CoinGate: [https://coingate.com/](https://coingate.com/) +* Blockonomics.co: [https://www.blockonomics.co/merchants#/](https://www.blockonomics.co/merchants#/) +* Full list: [https://github.com/alexk111/awesome-bitcoin-payment-processors](https://github.com/alexk111/awesome-bitcoin-payment-processors) + +They are cheaper, better, has better support, offers EUR/USD withdrawals, and likeable by all in the bitcoin community. The only reason BitPay is "the biggest" is because they were first. + +There is an ongoing BitPay boycott in the whole bitcoin community. Your website will guaranteed be blacklisted on lots of bitcoin websites (with millions of users..) and marked as potential fraud in case you keep using BitPay. I can guarantee you will lose all bitcoin customers. + +Best regards" + +# This is a real serious threat. Please spread the information and upvote for visibility. The biggest bitcoin gateway is going in the wrong direction. Lets kick them out of this community for good. Last thing we want to is a company stopping the adoption and making it harder to use bitcoin. + +To all "if you dont have anything to hide whats the problem" + +1. [https://en.wikipedia.org/wiki/Nothing\_to\_hide\_argument](https://en.wikipedia.org/wiki/Nothing_to_hide_argument) +2. [https://www.amnesty.org/en/latest/campaigns/2015/04/7-reasons-why-ive-got-nothing-to-hide-is-the-wrong-response-to-mass-surveillance/](https://www.amnesty.org/en/latest/campaigns/2015/04/7-reasons-why-ive-got-nothing-to-hide-is-the-wrong-response-to-mass-surveillance/) + +Plain stupid. These type of control mechanisms will become more and more normalized if we do not stop it right away. + +&#x200B; + +!**Edit: /r/NambaCatz shared his clean straight to the point version:**! + +I modded your letter as follows: + +*Dear Sir or Madam,* + +*You have just lost a $999999.99 customer purchase because of BitPay!* + +*Please discontinue using BitPay as your bitcoin payment processor. They have begun enforcing unfair practices on their users. In protest, I and many others refuse to use this payment method.* + +*We suggest the following alternatives:* + +*BTCPay:* [*https://en.bitcoin.it/wiki/BTCPay*](https://en.bitcoin.it/wiki/BTCPay) *and* [*https://btcpayserver.org/*](https://btcpayserver.org/) + +*...* +Might as rename this shit to NanoDaily cause no1 talks about anything else. I just cant believe this amount of hopeium is real. This is the main reason why I havent bought. Something smells wrong. Last time I saw a post get hellllla upvotes constantly was + +Req, Power, relex, elec, sub, and some other shitcoin that didnt do anything... + +Now the same brigading is happening with nano.... + +I'll just wait til they get an attack from their own community, from the govt, and from cypher punks, and survive it...I'll consider.... for now shit smells like fish. + + +Edit: 313 comments!!!!! God damn... it's almost ironic that the thing I'm questioning happening to be fake is happening right now on this post. Mention nano = millions of comments and upvotes. Is this natural? Bots? Did I ask a good question? What's going on????? +I just saw [this tweet](https://twitter.com/elonmusk/status/1526958110023245829?s=20&t=bBo3d-nen5rz5ZCUdY0L2Q): + +[@elonmusk](https://twitter.com/elonmusk) Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list! ESG is a scam. It has been weaponized by phony social justice warriors. + +(Not pro or anti Musk/Tesla but I do think he has a point here) + +I have contemplated for a really long time to or not to invest in any ESG funds, I find things like above really strange about ESG. What does this sub think about ESG funds? + + +EDIT: +Related news: [https://www.reuters.com/business/sustainable-business/tesla-removed-sp-500-esg-index-autopilot-discrimination-concerns-2022-05-18/](https://www.reuters.com/business/sustainable-business/tesla-removed-sp-500-esg-index-autopilot-discrimination-concerns-2022-05-18/) +My girlfriend and I have decided to separate with each other after being together 6 years. We have a house that we paid £160,000, buying it off a family friend. The house was given To us £40,000 under the market value. Therefore our house is worth £200,000 at current market value. My girlfriend will take the house. We have £157,000 left on the mortgage. My question is how is this split this? As we got it under market value we didn't need to put down a deposit. Do I get half the equity we have in the house? Am I entitled to anything at all? We split the mortgage payments evenly. Our split is amicable if that information helps. + +Thanks for your help. +I don't know about you other apes but I feel like we were getting some real traction especially outside of Superstonk around how German Brokers and BAFIN were calling out DTCC and then suddenly we are inundated with HKD posts which could even serve to lure unsuspecting retail into bag holding. +I was having a conversation with a friend yesterday about what happened in the markets and I thought about some things + +It seems as if an important thing to consider are the places the coins flow to, how they move around. One thing I was thinking about was things like sales. I buy x for 10eth, the seller has to buy more x to keep stock, not get burned by an unpredictable market ect. So they sell immediately, this really does nothing for price. +Mining on the other hand does even less for price as new coins are mined then sold to support the operation. + +I believe that ico’s were a big driver of the short lived but very strong bull run. Locking up eth for a bit left and right. But of course the people who now held the eth have to sell it. To make their product or just buy cars and fancy shoes + +I think pos will be similar to icos, but with an added benefit. Nothing will incentivize them to sell, there’s no electricity costs, their investment grows over time. With all other things being the same, or growing, like sales demand using crypto, general investment and buying potentially even growing I think tied up eth will have a positive effect on the market. Perhaps even spur a bull run. +However my question is, will the total amount of eth that has to be tied up be similar to the total amount that was tied up during the peak of the IOC crazy last year? + + +I’ve been in crypto for a couple of years now, but I still don’t understand the mechanics of this. I would somewhat understand it if ETH/BTC was the biggest market for ETH and bots correct the fiat markets on that, but it’s not. +So Ethereum's ecosystem is healthier than it's ever been, and lots of exciting innovation continues to happen every day. I realize that ethereum has outperformed bitcoin this year in terms of % gain, but anyone have theories why eth is not also at its ATH? Is it bitcoin's fame that is driving 'bitcoin first' investments? Most metrics indicate that ethereum is more well-known now than it was in 2017, so I'm unsure if that's the silver bullet. + +Apologies if this comes across as a naive question. I'm just trying to understand what factors could be at play here. +Many of us have noticed recently that there has been an enormous volume of links to merchandise related to Ethereum (especially t-shirts) that users created on websites like RedBubble and Teespring. These posts are usually submitted by real /r/ethtrader users and sometimes receive positive feedback, but they are also frequently reported as "advertising/shilling." + +Let's decide as a community how these posts should be categorized. + +[**Please cast your vote here.**](http://www.poll-maker.com/poll1102413x81Cd4D5f-46) The vote will end on June 28 at 12pm PST. +Over the last few months I've come across many posts in this forum, and other FI forums, on how to "retire" and I find the whole concept a bit misleading because I really don't think that retirement is a goal... it's a state of mind. + +About a decade ago, while teaching some financial management classes, I developed a theory of the 3 stages of income producing life. To me, I believe that they represent the progression to "retirement". You might have seen me mention this elsewhere, but I think it might benefit others to read it as well. + +&#x200B; + +1. J.O.B. - This stage stands for Just Over Broke. This is the first real work you will have after college, or a trade school, or a firs job that you had to put your big boy/girl pants on. You are not making much money here, but you are building skills, knowledge, experience, relationships, and generally learning how to behave in the industry you have chosen as your profession. There is no glory in the J.O.B. phase, you are happy to just exist. Overworked and underpaid is the defining aspect of this phase. +2. Career - In this stage you are capitalizing on your skillset developed during the J.O.B. phase. It is is by far the most money you will make. You are hitting your stride as a professional, you might be even considered an expert in your field after a while... but you are not free. Your ethics and morality are still muted by the ones of your superiors. You might enjoy certain luxuries in life, but in essence you depend on the paycheck. House, kids, family, other responsibilities prevent you from actually telling your boss to go to hell. If they tell you that you need to stay late during your kid's recital, the chances are you'll be missing your kid's recital. +3. Calling - This is the stage where your finances have allowed you to no longer chase the buck and you are focusing on the things that you're passionate about. The calling, is defined by one single aspect... having enough F\*#K YOU money. So when the boss comes in and says "I need you to stay late" you tell them that they have a choice... to figure out how they will do it without you or fire you, and to let you know which one they chose when they've figured it out. + +&#x200B; + +To me, the last one is actually the "EARLY RETIREMENT" aspect of the whole movement... I have nothing against sitting on the beach drinking fruity drinks and traveling the world. If that is your passion, if that is the calling you've chosen, then enjoy it and have fun. For most of us, especially in the fatFIRE community, we lack the quit in us and we are always looking for an angle... I still haven't met a single one that isn't a scheming bastard (myself included)... so why not use that skill to better the world, better the planet, better your community? + +So, the point of the post? If you're struggling with your current job but you have enough money to not worry about bills... maybe it is time to get into the calling stage and enjoy life a little while you're still making some money? +I'm making this post to encourage those that are still far from their goals (I'm still far from mine!) and remind them that progress does not have to be linear. I don't have a cushy tech job (but I am a decently paid Senior PM), and my parents have been struggling financially my whole life in a semi HCOL area. + +My life has been full of suffering, but I'm intelligent, driven, and optimistic as many of you are. I'll give some highlights about how I got to where I am: + +* Second year of university (2011) I was diagnosed with Hashimoto's disease. Despite medication I struggled with focus and had chronic fatigue +* It was very difficult for me to keep a job and prove my worth, despite being ambitious and highly motivated (mentally). I was constantly fighting my body to cooperate, sleep was a disaster, and staring at the wall was sometimes the only thing I was physically capable of doing (none of this is an exaggeration) +* I would take short and preplanned courses of prednisone to get through things like certifications and job interview so I could look and present myself well enough to land something, then go back to crashing +* I started a company with my best friend, our interviews went viral and things started to look promising. Clients were flying us around the world to bid on biometric consulting projects. I was too exhausted to put in the hours and effort needed to close on deals. We failed over and over again until I eventually walked away with nothing but a $200k+ hole in my pocket and a lot of debt. +* Living with a BPD mother who weighed on my mental health, I was eventually compelled to forge bank documents to qualify for a Manhattan apartment with roommates to get away and force myself to find a better job at 28 years old. I found a shitty job quickly enough +* At \~27 I was still only making around $40k/yr and then was laid off after 8 months or so. I had only 4 months of expenses before I would go bankrupt, so I made a list of my strengths, got my PMP and CSM certs and interviewed for 3 straight months like it was my job. I finally landed a gig paying $120k as a project manager and moved to Dallas. +* Seeing a lot of local real estate growth, and since monthly mortgage seemed so close to rent, I decided to immediately buy a house. FHA allowed me to only need about $15k down. +* Over the last several years I had continued trying and failing at different software businesses, and eventually was approached by some people that needed development work. I created a digital agency with some people that I had worked with and landed a really big contract (for me!) of half a million dollars. +* At this point I had also figured out a diet and lifestyle routine that gave my life back and kept my Hashimoto's under control. Only took 10 years but I was finally able to output the work ethic that I needed to be more successful. +* Saved up about $50k cash at \~30 and went all in on crypto at the 2017 peak, lost pretty much all of it within a year. Was emotionally crushed but optimistic long term +* Scraped another $10k and threw it into Chainlink at $0.35 because I believed in the project and the future of DeFi smart contracts (now worth \~$800k) +* Acquired a small amount of equity in a couple of startups that needed my technical expertise. At this point I was really good at creating companies and knowing how to create an MVP, how to organize the basics (accounting, legal, marketing, technology, etc) how to sell, how to find and recruit talent. I was a one man machine. At this point I started learning how to delegate. People started looking to me for advice on how to approach their software businesses. +* I still have a long way to go, and a lot of personal optimization to do, but between my equity, crypto holding, real estate, and general investments, I'm around $1.5-2MM. I expect my growth to accelerate in the next couple years as long as I keep working hard. My goal is $10MM by the time I'm 35. I'm currently 32 + +I know that was long, thanks for reading +I’m a software dev and the company I’ve worked at for the past few years in The North has decided operating two offices is no longer viable. The northern office will be shut down before the end of the year and some of us have been offered re-location to our main London office. + +I have been offered a relatively small pay rise (28k -> 35k, which to me doesn’t seem like it will make much of a difference since most my time will now be in London). Plus accommodation package of £1k a month, which they haven’t decided how long will last for yet. I’m guessing this won’t go very far in London? + +They’re pushing to keep us there all week but myself and other colleagues think they may accept 3/4 days a week with the remainder being remote (the company has other remote contractors anyway). If we band together and all say this there is probably quite some leverage, there’s some quite essential people. + +I wouldnt be willing to relocate full time due to mortgaged house and family being up’ north, and I couldn’t deal with London all week. Plus I do contract work up here that pays quite nicely as a side hustle, although I guess finding new contacts for contracts in London isn’t too tricky to continue this. + +What are my options here? Am I right in thinking this is essentially a pay cut, the accommodation spending is decent but I’m guessing this won’t last indefinitely so after that I’ll be out of pocket. Will I get no redundancy since I’ve been offered a relocation package? The company purposely went into administration last year and re-formed for structural reasons so I don’t know if this affects redundancy too? + +EDIT: Thanks so much for all the detailed advice everyone! I think the conclusion is I should ask for considerably more but also only if I actually want to be in London. +Been eyeing it off for a couple of weeks and it only keeps rising. However, there has been a massive boom in the last 3 months, have I missed the peak? it is still worth buying into. Anyone have an opinion, surely lithium is a safe buy going into the future everyone will using lithium for electric cars and batteries in the future +Tyro 2 weeks ago and now Nearmap, I'm wondering if the level of active targeting we're now seeing by short sellers is the start of a trend - it seems to be a lot more common than it was previously. + +I'm really curious how these reports and responses don't seem to be under the investigation of ASIC.. For example, Viceroy made a claim that 50% of Tyro's merchant terminals were bricked. Whereas Tyro have said this is false. Which is it? One of these parties is lying, which either means that Viceroy is trying to manipulate the market, or Tyro is lying to the market. + +Meanwhile, we're hiring people to decode rocket emojis to see if the $200k total capital floating around ASX\_Bets is market manipulation? +The Purge is over. The ASX_bets sacrifice to the market gods has been chosen. Full post due over the weekend will occur. + +A new baby mod has been chosen. Their flair will be adjusted. + +Victoria discovers the cost of using lowest bidder contracts to secure hotels that prevent $10+ billion dollar shutdowns. The Commonwealth of Australia survives, long may it endure. +It seems most of the 10 and 100 baggers are made from people getting in early as fuck and holding for a year or 2. What’s the best way to keep track of newly listed companies. Is there a place on the asx website or something? +Been eyeing this bad boy for a minute and today’s dip is making me relapse into my gambling habits. Anyone have anything smart sounding to back this up looking at the 4C? +I would give you a super long background but because 99% of you won't read that much I recommend you just check out their website and I'll focus on why you're all here - why they'll moon, but TLDR they are basically Spotify for artists/the corporate music industry instead of individual listeners/consumers with real platform stock capabilities. + +I highly recommend checking out the following video to understand their transformative deal with Songtradr. Some of the questions answered in the 2nd half of the video really open you up to the capabilities and opportunity here: + +[JXT Business Update](https://www.youtube.com/watch?v=oxcyIyFYqdQ&feature=emb_logo) + +Management have substantial skin in the game and like the best tech stocks, their platform is highly scaleable and growing in a sector worth $2.5B sector annually. The best part is they are tiny at only 30M market cap and trading substantially below last week's high on low volume, technicals on this thing are outstanding and primed and ready for a big re-rate which I suspect we'll get later this week post this Wednesday's annual results which going off their website stats should be top-knotch. They already have data rights in place and existing partnerships have again already been established, geographic expansion is pretty seamless yet barriers to entry are high due to the legals involved and first mover advantage in this space. + +The main downside to JXT is just how technical what they do is, your average boomer investor that thinks they're clever for investing in Afterpay just isn't going to understand how Jaxsta works and so its hard for a lot of retail investors to understand. + +Thankfully for us this means it only trades at \~$30M which provides easy multibagger potential. Steady growth will translate into steady share price growth however more API deals will really send this into the stratosphere. We are hoping to find out more about these deals when/after their Annual Report is announced on the 30th, this Wednesday - Which is why so many posts in the general have been "JXT WEDNESDAY" but really I think this is more of a short-term/medium-term hold. + +This is also really good reading: [https://www.livewiremarkets.com/wires/finding-the-next-afterpay](https://www.livewiremarkets.com/wires/finding-the-next-afterpay) +Does anyone else think it's smart to just keep buying and averaging down when your stonks tank immediately after buying? + +You've only lost money if you sell + your buys might help bump the price up. + +Someone rate my trading tactics? +Currently 30% down portfolio wide but only a matter of time till these bastard rebound. +[https://www.stuff.co.nz/national/123324311/tears-and-anger-as-special-votes-fail-to-flip-narrow-cannabis-referendum-loss](https://www.stuff.co.nz/national/123324311/tears-and-anger-as-special-votes-fail-to-flip-narrow-cannabis-referendum-loss) + +>Despite hopes among the Yes campaign, special votes failed to flip the results of the cannabis referendum. Recreational cannabis will remain illegal, with 50.7 per cent voting “no” and 48.4 per cent voting “yes”. + +&#x200B; + +[View Poll](https://www.reddit.com/poll/js6hiz) +Ok here’s a little scenario that I would some advice with. It’s to do with CGT and offsetting profits with losses. + +I’m not 100% sure this is right, but I’m assuming that sometimes if you have big wins, it can good to offset with a few loss. + +Say you had a put $2000 into a stock and you sold after if hit 10 bags = $20,000 (for argument sake, say your tax rate it 30% so you put aside your $6000 of CGT and are left with $14,000) + +Another stock in your portfolio wasn’t performing as well so you decided to sell for a $4000 loss. + +Question - does that $4000 loss get subtracted from your taxable income (so lowering your taxable income?). + +For example, if you were on a salary of $123,000... would that $4000 loss actually put you in the bracket lower bracket (as your total income would be $119,000). So would be in line for a slightly bigger return. + +Does this make sense? After declaring profits and losses you would still be up $10,000, but pay less income tax? + +I realise these numbers are quite small and it probably would have been a better example if they were bigger losses and profits but I hope that makes sense! +Hello autists, + +Autistic question for you. I've been trading CFDs for the last few months, up about \~200% thanks to catching the crash on its way down, then down \~50% thinking it would keep going. Currently cash gang. I don't believe the current bull rally, so looking to short again soon, probably if the S&P hits \~3,000. + +As I am sure all of you are aware, some of the retards over there at WSB having been making 10x and 100x returns (survivorship bias I am sure), but I wanted to check the potential upside of options compared to CFDs (which our blessed country still allows). + +Assume I want to risk $5,000 and I predict SPY will go to 220 within a few months. If I do with with a CFD, it would look like this: + +&#x200B; + +https://preview.redd.it/ggffpoimcwr41.png?width=1018&format=png&auto=webp&s=d170ec32eb79a15494d9d7c06a618330b2c95394 + +So, basically I am short 15 units of SPX 500, my stop loss is $5k if market his \~3,000 (my total risk in some sense) and take profit it market his \~2,000 / SPY 200, where I would make $15k profit. + +If I did an equivalent kind of thing with options, it would look like this: + +https://preview.redd.it/owcty2n0dwr41.png?width=729&format=png&auto=webp&s=b88bb0ff08fd42e78692672b96ab90b4a6c72e61 + +The image shows profit calculations based on \~5k worth of puts with a strike price of $220 and expiry of 19th June. That is, it's a very similar scenario to the CFD example. + +My question is why anybody would be these puts when the CFD seems more attractive. + +CFD benefits: + +* Market goes side ways for 3 months, you basically just lose your holding cost (a few dollars per day). With puts, you are immediately in the red from day one if market goes sideways, and after a month your position has halved in value. +* If market drops late (e.g. 2 months), CFDs will print $$, puts will still be in the red simply due to how their value is calculated. +* With puts, basically, only in the case where I get a drop to 220 within a month, can I get profit of \~$15k. And that drop has to be straight to 220 (which is obviously not likely to happen that quickly). With CFDs, if any any point in the next 3 months I get a drop to 220, I make \~$15k less minimal holding costs (i.e. if the next leg down is staggered which is more likely in my opinion, then the CFD is much more attractive). + +PUT benefits: + +* The only benefit I see is that a rise beyond 300 will wipe out the CFD position, but it won't wipe out the PUTs. It will render then at a significant loss, but with the possibility of gaining in value later. However, if this happens, basically the entire thesis that SPY is going to 220 is wrong, and I would be cashing out the puts then anyway. So I'd have a small saving (e.g. \~50% loss instead of 100%). This is all excluding the chance that SPY has another sharp leg up and then an epic crash which is of course possible, but I would be surprised if the difference in benefits between PUTs and CFDs in this case came down to the relatively unlikely chance of that happens. + +In evaluating this I am confused why options can sometimes be more attractive than CFDs. I am aware that with CFDs my counter party is the MM but that has not been a problem so far and seems to be an overblown concern unless you are trading on signficant margin or holding short term positions where by manipulating their instruments they can wipe your positions out (I am not in these categories). + +Another explanation might be that current options are poorly priced due to high IV; perhaps if they were not price highly, the above options profit calculator would be much more attractive. If that is the case then that is the simple answer - basically (1) when volitility is high, trade CFDs, when it is low, trade options. But since I am retarded, I don't know how IV affects option pricing. + +Basically - with puts I am betting the market will go down, this is less likely than what I am betting with CFDs, which is the market will go down but if it i goes sideways, I don't even lose money (with puts I do). But a CFD in this example gives the same return (more or less). What am I missing? + +**TL; DR SPY 220 JULY-19, however via CFDs and not PUTs since PUTs seem worse value to me unless I am autistic.** +After being burned several times I feel like I need to be an expert in company board compositions, reading financials, industries I invest in, and reading between the lines of company announcements. Now you could say I was burned due to greed, not selling when I was up a lot. But my plan was to hold the stocks I had for at least 5 years. I would be woeful at selling high and buying back in low. How much research do you guys do (those that have made money) into an industry/company/board before committing? +Alright guys, giant noob to this sub (and to trading in general if you have seen me commenting dumb questions today lol). I am generally a long term trader who picked up afterpay ($9.40) and zip ($3.68) in march last year and have just been riding those like a cheap hooker. My other shares are much longer term investments. However, assume my general trading knowledge is zero, because honestly I just lucked out on most of my gain investments that I currently have. Prior to recent times, I was a 'buy a stock and leave it for 2-5 years' kind of guy. No research or nothing, just full blown winging it. + +I'm up alot from the resurgence of the market in the last 11 months after the crash, I bought a house with my profits and now I have some cash lying around to reinvest. However, now looking to get out of long termers and take some higher risks (I am 27 and pocket $1k a week in savings after all expenses). Biggest question is where do you guys find the research/gossip for all these stocks prior to them going to the moon? I know some people are going to **hate** me asking this, but it is driving me insane not being able to grasp that. Every time I see some meme stock or something going to the moon, I am generally too late in getting on to make it worthwhile (XST today for example). As I have cash to burn at the moment, I am wanting to jump on the ship with y'all but feel like I am always too late. Please help a brother out. + + +So far some of the legends on this sub have pointed me in the direction of some quality research methods and forums like HC etc, but I am wanting to expand that knowledge bank and in turn share that knowledge to other dumb noobs like me. Thought a post might be the more direct way to achieving that rather than spamming questions in comments like a plague. + +Cheers autists! +Well that was fun. Today took off about as much as u/_pixelrage trading halted meme. (Which if you understood the context was Great btw). No ones copped it harder then u/bigfoot2077 defending DW8GATE to the death and I've gotta admit dealing with negative sentiment takes a strong lens so good on ya. + +Now I love all you fuckbags and I'm feeling generous after some gambling wins this week. so as a result I wanna hear how shit your day was both in the market and outside of it. I've got 3 gifts I wanna give out to possibly give you some gains. No personal details needed to receive them. Most upvoted comments by 2030PM get them. +Hello all, + +My energy provider owes me almost £200. My bills are about £60/mo in winter. They've just e-mailed me to say they're putting my direct debit up from £85 a month to £105 a month. + +I've tried calling them, after being on hold for about 20-30 minutes I get hung up on. + +Can I just call my bank and cancel my direct debit? I am happy to pay my bill via card manually, just wanting to check that unilaterally cancelling a direct debit doesn't violate some obvious rules that I've just failed to learn as an adult. + +I'm in Scotland, but don't imagine it makes much difference. +As I write this, DOGE is a hair under a $70 billion market cap. I know there’s plenty of new people here loving their sick gainz from their $100 investment, but let me assure you, when it pops it will be ugly. And it will pop. With a market cap that large and so much public visibility and notoriety, this thing will bring down the rest of the market with it. Hopefully, the market shrugs it off and continues the bull run, but I fear with how fucking frothy this market is getting. + +Update: $86 billion USD +The form 144 filed by RC ventures today, with the intent to sell all his shares of BBBY, in my opinion, is bullish as fuck. The form gives his intention to sell within 90 days of the filing, which was officially yesterday. **HOWEVER, IF HE SELLS ANY OR ALL PRIOR TO 9/7/22 HE FORFEITS ALL PROFITS OVER TO BBBY AS INSIDERS AND 10% HOLDERS ARE RESTRICTED FROM SELLING WITHIN 6 MONTHS OF INITIAL PURCHASE** My tinfoil hat theory, is that RC actually believes that between 9/7 and 11/16 that the BBBY squeeze will have fully played out! This, at least to me, is extremely bullish, and I think the people shorting this news just gave us all another prime entry point! +&#x200B; + +https://i.redd.it/1qlqv8g8eho21.png + +&#x200B; + +&#x200B; + +And I can carry over remaining -$10,345 net loss to lower my taxes for next 3\~4 years. + +This is an easy way to lower your federal taxes dues, so I highly recommend you to use this strategy if you are concerned or is afraid of paying taxes next year. +I have seen a recent influx of posts from people who bought a call/put and are now seeing massive losses asking "oh no what should I do?" + +By the time you ask, it is way too late in the process. Before even buying or selling options you should be able to answer these questions: + +&#x200B; + +What is the max gain/loss? + +At what % of gain will I exit? + +Do I ride to 0 and hope for a bounce, or exit at a certain % of loss? + +What justification do I have for predicting this price movement? + +&#x200B; + +Regardless of what is happening in the market you need to hold yourself to standards and rules otherwise you'll be posting your losses on WSB by the end of the month. +Stock prices are supported by something in the real world - corporate assets and earnings. Crypto prices are supported entirely by investor (speculator) confidence. I think a lot of whales and little guys have been massively burned over the last 6 months. The little guys don't have money to put in now and have lost their nerve anyway. The institutional whales are going to be reigned in by their Boards of Directors. + +I wouldn't be surprised if prices languish where we are now for a LONG time. I also wouldn't be surprised if 90% of cryptos go tits up in the next year, because lets face it, the world doesn't need 3,000 cryptos, most of which do nothing useful. And I wouldn't be surprised if BTC, ETH and the other bigger cryptos lose 80% of their current value because these are investment (or gambling) vehicles unlike any other and we're in uncharted territory here. +IMPORTANT: + +-Revolut + +-Vanguard + +-Fidelity + +NEVER halted trading! THEY ARE BETTER THAN WEBULL. + + + +-Saxobank + +-XTB + +-Tastyworks + +-Degiro (though they blocked stop loss orders - really weird) + + +have also been said to be ok by users. + + +Prevented/halted trading due to technical or other reasons: + +-SoFi (potentially technical issues) + +-TDAmeritrade + +-Merril Lynch (halted in AH) + +-FreeTrade UK (conflicting reports of buying only being allowed after 3:58) + +-Schwab (imposed restrictions on trades for a time according to users) + +-E Trade (last hour of trading - could very well have been a server issue tbf) + +The aforementioned were previously said to be ok, but users claim they either blocked orders or halted for some time. Need proof. + +Disclaimer: its a Chinese company. I know that might bother some of you guys and they're far from perfect - they halted trading as well earlier today. They do however offer advanced charts and a discussion section. They also allow extended hours trading. + +The only thing that RH has over them is a sexy UI. Besides that, RH is a bunch of shills with a shitty platform that folds under heavy volume constantly - and a broker that halted trading to benefit the institutions while claiming it was for your own good - remember that. +I honestly don't need all these idiot questions like "how do I short LYV" showing up on [https://www.reddit.com/r/wallstreetbets/new/](https://www.reddit.com/r/wallstreetbets/new/) . + +My Saturdays and Sundays are free since I follow market hours. I volunteer my time to be enforcer. + +inb4 Positions or Ban. I'd propose all future posts arguing a position needs this. I will enforce since I'm basically refreshing new every minute. + + [https://imgur.com/a/GNvASTx](https://imgur.com/a/GNvASTx) + +&#x200B; +Just initiated my DRS from Fidelity, and the CS rep gave me some fun info and numbers (chat with them -- you never know what you'll find, and it makes their job more fun)! + +1. The last three digits of your transfer number are the number of transactions done that day. I was 5XX! +2. They're getting about 75,000 calls per day, and about every other call is DRS. +3. Anecdotal story: the rep said everyone calling in is pretty confident about what they're doing. He wasn't willing to comment personally (expected), but I feel in good company. :D + +Entire call, including small talk, took 9 minutes. Do it! Buy, Hodl, DRS! +How do people with super large incomes handle investing? Say i make $5 million a year, or $3 million a year after taxes, and I spend $1 million and have $2 million a year left to invest...how do you handle investing such a large disposable income? Do you hire someone to do it, especially if you don't really have much time to do it? +Thank you for all the kind words on the previous posts, it has REALLY helped me the last few days/nights. + +I did it. 💯 nights in a tent. What's next? More nights in this damn tent until I can save enough for a trailer. + +Updates. Last post I had gotten a job at the dump 3 days a week, I got a 2nd job and started today so 13/hr × 24hrs + 15/hr × 40hrs, once I get some income again it'll be a stress relief. I'm so thankful I was able to pay my truck payment and insurance a couple months ahead while I was at my last job or I'd be screwed. + + +The night before Christmas Eve my tent flooded, I woke up and had to go to work so everything sat wet all day while it continued to rain. Without any other choice I slept in a flooded tent Xmas Eve and that's how I woke up on Christmas. + +I wasn't expecting Christmas to be emotionally challenging but it was. I'm stuck in the desert, living in a tent that's falling apart after 100 nights, haven't seen my Apette since August, haven't spoken to my family in over a year, so I text my mom "Merry Christmas" but haven't gotten a response, at least I tried. + + + + +I want to go home, MOASS soon please so I can have one... + + Until then life is good, although soggy currently. 🏜️🦄 +I know, no dates! But this is pretty tit-jacking. Options have been a point of contention for a solid week now on this sub, and it seems many folks made a decision whether smart or otherwise to play weeklies this past week. I've learned my lesson in the past with weeklies, and I know not to touch a hot stove a second time... That said; maybe all the interest in weeklies this week wasn't all for naught. + +If you go watch one of u/gherkinit's latest clipped videos, he stumbles upon a finra notice that settlement for today's exposure is actually deferred until 11/29. What's that mean? Maybe- just maybe, the settlement we expected to see today will happen Monday because the SHF's figured we didn't have this extra bit of information- and those folks who purchased calls for this week set up enough of a gamma ramp that there was no way they were going to cover today and force gamma into an upward thrust putting cheap weeklies in the money? They let all those weekly contracts expire worthless knowing that they had an extra day, but they knew that we didn't know that. + +Gherk says in his stream that "Everybody that bought far-dated calls, that might be good news for you come Monday" If the folks buying cheap weeklies this week actually forced the SHFs to settle their exposure on Monday then Monday might be an exciting day for our favorite stonk (unfortunately at the expense of folks that had to learn a valuable lesson about short dated options). Last year the settlement was spread between the Friday following Thanksgiving and the Monday after. There was no settlement today- the price action surely didn't support it, so the settlement volume we saw last year between Black Friday and the Monday after should all fall on this coming Monday. +In a nutshell I've received part of an inheritance with more to come. At the time I whacked it all in an easy access Santander savings account that was offering 2%. Since interest rates have increased I see there are other easy access saving accounts that offer up around 4% with the added ballache of opening or transferring current account. + +Is it worth it, or what would be the best thing to do? I am thinking about throwing the majority of the inheritance when I receive it in Vanguard, and keeping an emergency fund in an esaver account. + +But should I keep changing savings accounts as and when I find a decent rate? Or split the money across multiple accounts? +So on Wednesday January 27 the AMC option chain showed a Jan 22 $15 put with an asking price of $33.20. How is that even possible? I took a screenshot too. It was real. Someone please explain +Hello ladies and gents, + +Despite historically being quite averse to buying a house, a find myself wanting one of my own, purely to avoid the rigmarole associated with renting, as opposed to buying with a view to generating return. + +I am, however, quite scared, and I'd like to use you anonymous internet experts as a sounding board. + +The way I see it, a mortgage is a 30-year commitment that may well be done within 20 years and is very likely to last at least 10-15 years. Currently, interest rates are outrageously low, which is nice. I am told that when calculating borrowing capacity, the powers that be factor in (as required) a 'buffer' of 2.5%. Thus, my maximum borrowing capacity at 2% is calculated as though I will be paying 4.5%. Somewhat comforting. That said, over the course of so many years it seems to me that interest rates can and are maybe even *likely* to rise much more than that. I have no particular reason to say this other than observing that historically, cash rates of 5-7% (compared to the current 0.1%) seem to be fairly typical. I assume the corresponding home loan rates would be in the vicinity of 7-9%. + +Is it possible or likely that, were I to get a mortgage tomorrow at 2%, that within 5-10 years I might be paying 5, 7, or 9%? I doubt my wages will have grown sufficiently to accommodate that kind of increase, assuming I borrow at anywhere close to my maximum capacity. Is a mortgage right now some sort of Schrodinger's Timebomb? If things continue as they are, you're fine, but if they return to normal, you're doomed? + +**TL;DR: If I mortgage a house today how scared do I need to do be that my interest payments will double, triple, quadruple, throughout the life of the loan?** +A close family member of mine graduated from pharmacy school 2 years ago. + +They started their internship, but then quit within a month because of the toxic work environment. + +Then they took a year break (I.e. unemployed for a year). + +Then they worked jobs not relevant to pharmacy (I.e. Cafe work) for another year. + +In total, it's been 2 years since graduation. + +That family member is now feeling mentally better to go back into their pharmacy internship. + +But they are worried that they will not get hired by a community pharmacy as an intern or they will be judged because they didn't go into their internship straight away. + +Because how do you explain that gap in unemployment. + +The only explanation would be "I wanted to take a break to do other things, but I'm ready to go back into completing an internship" + +And then the interviewer might question why they only lasted a month in the other internship. + +All of these would be red flags to a potential employer right? + +Edit: it would be a bad idea to say that she took a break for her mental health right? + +I think she's going to say that she took a break to travel and be with family. + +She can't leave the internship off her resume, as employers can check the ahpra register and will see that she started an internship 2 years ago, and they can also see where she started her internship. So it'd be best to keep the internship experience on her resume, because at least it shows she isn't hiding anything if the employer ends up checking the ahpra register (which they likely will since they tend to check it to see if the health professional has any conditions). + +Edit: it's normal to take 1 year off. I've seen interns do this, and still get accepted. But 2 years off is not as normal. The fact she got first class honours and excellent grades shows she's hard-working and studious. But the 2 year gap is questionable +I am shaking as I write this. I just came home and my wife told me she got a phone call from the "FTC," and she called them back, spoke to someone with a foreign accent, and gave that person her social security number, birthdate, full name, and the name of our bank. + +She called the bank to notify them, I will call now to verify what they can do. What else do I need to do right now? + +Thanks for your help. +13 months ago when I stopped working, I was pretty happy with my initial withdraw rate of 3.5%. I didn't go through any complicated calculations nor technicality of figuring out a dynamic withdraw strategy. 3.5% seems safe and it should cover my expenses. But that was then. + +Now, after losing nearly 20% of my folio value, sticking with 3.5% means I will have to cut 20% expenses. I had some benefits of doubt as how the withdraw strategy should work during a market downturn, so I turned to two sources of calculations. + +1) Fidelity's retirement analysis planning tool. If you have a retirement account with them, you should have access under "Planning and Guidance" + +2) ERN's infamous Google sheet, which you can find it here: [https://docs.google.com/spreadsheets/d/1QGrMm6XSGWBVLI8I\_DOAeJV5whoCnSdmaR8toQB2Jz8/copy](https://docs.google.com/spreadsheets/d/1QGrMm6XSGWBVLI8I_DOAeJV5whoCnSdmaR8toQB2Jz8/copy)? + +ERN's math seriously gives me a headache, so thankfully, all of his formulars are built in, I just need to learn how to plug in my numbers. + +Fidelity's analysis is pretty cool since you can enter all of your holdings at one place and it will give you a much more comprehensive view of your asset allocations. + +Both calculations take side earnings and SS/Pensions into considerations if you shall chose to count them. The time span I used is 40 years for both calculations. + +My results are pretty interesting. + +If I pick "perform below market average" in Fidelity 's tool, I get a safe withdraw rate of 4.6%. If I pick "significantly below market average", safe WR dropped to 3.75% + +As for ERN's math wizard's sheet, he actually has a specific WR during a 20% down market and 0% failure rate. My number came to 4.2%, way higher than 3.5%. + +This prompts me to think that during a market downturn, the safe WR can actually be higher than the conventional 4%. But that's highly counter-intuitive and it turns my stomach. + +I am wondering how ya'll handled the WR when the market starts to slide? Or how will you handle it if you are about to FIRE? +I've been in my new job for almost 5months and thoroughly enjoy it. I've known for some time that I am getting underpaid (tried negotiating a higher salary but was told there wasn't any room in the budget) but didn't realize how bad until today. Today I found out that one coworker who is basically my assistant and another coworker in my department who is responsible for 1/3 of the amount of work I do (and started after me) both make more than me. When can I reasonably approach my boss/upper management for a raise? How can I ask for a raise without throwing anyone else under the bus for making more yet being responsible for far less? Any advice anyone can give would be greatly appreciated. + +Update: Thanks all for the responses. I wanted to clear up a couple things: + +1. I'm not expecting a raise immediately after only being there for 5 months but I would like to be ready to have the conversation when the time is right hence me asking "When can I reasonably approach my boss/upper management for a raise?" +2. Yes I generate quite a bit of revenue for the company so even after only 5 months I've proven my worth and will continue to do so + +3. Yes, I know for a fact that they both have less responsibilities than me +TL;DR: All governance polls will be posted and promoted in the week between the snapshot and distribution. + +I'd like to address a few main points with this idea: + +* Voter participation is rarely enough to meet the decision threshold +* There is confusion about how and when to propose or vote on polls +* Governance Polls should be treated equally + +Currently, moon snapshots happen every 4 Wednesdays ([like this](https://old.reddit.com/r/CryptoCurrency/comments/nw8a06/new_moons_distribution_round_14_proposal/)) and the following Wednesday we have the moon distribution post ([like this](https://old.reddit.com/r/CryptoCurrency/comments/o1mwu8/new_moons_are_ready_round_14/)). My suggested changes to establish Moon Week are as follows: + +**Day 0** + +The day prior to the snapshot post (a Tuesday), mods will post a sticky reminding people to [submit their governance polls](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki#wiki_how_to_create_a_proposal). All governance polls should be posted Tuesday or Wednesday (Days 0 or 1) + +**Day 1** + +On Wednesday, the snapshot post by the admins happens as normal and replaces the sticky from the day prior + +**Days 2-7** + +On Thursday, a mod will create a sticky that links the snapshot post from the day prior and all currently running approved governance polls. This is the deadline for your poll to be highlighted with the others because the mod may not be around to add your poll later and people are less likely to check back multiple times throughout the week to vote on new polls. During this time, mods may take additional measures to promote the sticky post if the polls are not on track to have enough participation to reach the decision threshold. + +**Day 8** + +On Wednesday, the moon distribution post by the admins happens as normal + +This idea should further formalize a process for when to create a proposal, reduce confusion on when to vote, equalize the exposure and promotion of governance polls, and clarify the monthly moon schedule. To help people anticipate when the snapshot will happen, we will probably create a list in [the wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) of upcoming snapshot and distribution dates. + +Thank you for your consideration and thank you to everyone who gave their feedback on the meta post + +[View Poll](https://www.reddit.com/poll/o7spnx) +Seen this video go viral on TikTok from someone who gives financial advice. Can’t be just me who thinks this advice is terrible? [Video](https://vm.tiktok.com/ZMNsktF5h/) + +For those who can’t view the video - she is essentially telling people with ‘high interest debt’ to only pay the minimum balance and use their leftover money to start an emergency fund instead. If you have an emergency then you have the money for it! If you pay of your credit card then you’ll have to put the ‘emergency’ back onto the credit card and you’ve made no progress. + +She states high interest as “Over 7-8%” + +This just doesn’t seem right to me. Surely you’d pay off the credit card to reduce your interest payments each month- if you have an emergency then yes you put it on the credit card, but if you just don’t pay it off and use your savings then you’re still in the same position of ‘high debt no savings’ but at least you’ve reduced the interest in the months before. + +Open for discussion on this, everyone in the comments agrees with the woman’s video and I really don’t? + +Edit: Yes i’ve seen the flowchart - it does mention building up an emergency fund if less than 10% and then trying to refinance those debts. +She hasn’t mentioned any intention to refinance or reduce those interest rates, so in this case is not paying the best route? “Over 7-8%” could include 30-40% + interest credit cards and overdrafts +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) + +NFT Marketplace [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [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! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [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! +Booked a car with Sixt 2 months before my flight to the Dominican Republic. Arrived at car rental place in punta cana to be told the deposit was $3500 plus another $2000 but the woman couldn't explain what the second amount was for. I was only expecting a $1200 deposit so did not bring my large purchase CC for the trip, so I said I would not be able to facilitate a $5500 charge on card for deposit. I was then told no problem if I take out there extra insurance policy then the deposit is only $300, I said how much is the extra insurance? It was £550 (initial rental was £450, bringing the total to £1000) I said I would like my money back to which the woman replied to cancel now Sixt will charge a cancellation fee plus charge for 5 days rental out of the total 10 days I wanted the car for. Therefore, had no choice but to take the car and pay their extortionate fee as paying the cancellation fee plus trying to get a new car would have cost more. Please either be prepared for thousands in deposit or get ripped off at the airport. My advice avoid sixt. on their site said insurance included, damage waiver etc etc. Turns out that's only covers the other car in an accident. + If btc and sp500 are so dependant and interconnected and if the USA economy was designed to fail with its fiat currency and policies and printing, how exactly is Bitcoin going to survive this? Let's say In a hyper inflation scenario in 5 years how is BTC going to save our lifetime savings, it's going to crash first, isn't it? Would you kindly explain how exactly sp500 fails big time and BTC succeeds despite that. +Since we're trading fairly close to ATHs now, I feel like it's an appropriate time to ask this question. Does anyone here have a legitimate case for why parking my money in equities at these current prices is a good long-term value investment? (no meme answers please) + +I realize that the Fed, FOMO, and various other factors may cause people to feel obligated to buy into equities, but those factors don't increase the underlying value of the stocks in question. Everywhere I look, I still see companies going bankrupt or projecting depressed earnings for a good period of time. **The main reason I see people are buying stocks is that they're looking for returns created by the expectation that other people will pay more down the line.** + +Nowhere do I see people projecting great earnings growth and a favorable environment given the now (more) massive amount of debt we have to service. P/E ratios have expanded. With more debt, the risks of stocks in general have also increased (liquidity =/= solvency). The Fed tried to raise rates last year just a little and markets freaked out. It feels like our economy can no longer handle higher rates of any sort. In my book, that's a HUGE warning sign, particularly given that we're already at 0%. + +Sitting in cash, I realize I missed out on the returns of the recent FOMO. But I can't help that the whole equities market is just one massive bomb waiting to blow up, if not now then sometime down the line in the near future. + +So, can any of you convince me that it's a good idea for me to buy in right now and be able to sleep well for the next couple of years? +https://qz.com/1567934/amazon-sellers-panic-after-the-company-reportedly-canceled-orders/ + +Amazon is reportedly going cold turkey on thousands of vendors. + +The e-commerce behemoth has canceled orders with many wholesalers, pushing them instead to sell directly to consumers on its marketplace, Bloomberg reported today (March 7). Having vendors sell directly to customers is a better arrangement for Amazon because it can charge merchants for services like storing and shipping products and take a commission on each transaction, plus it avoids the risk of buying inventory that doesn’t sell. +Source: Trust me bro. I’m just deep in thought and it dawned on me… + +Remember when Elon said Tesla would accept Bitcoin and then backpedaled and said they weren’t? That was lame. I think it pumped the shit out of Bitcoin for a week tho. Anyway… + +In the case of GME and Loopring… + +Hypothetically… If you wanted your investors to buy more stock and say… I dunno… lock the float… you know that many of them would need more capital, as many X and XX holders are likely tapped out. + +If you were to slowly drop hints about the alt coin that is going to literally fucking skyrocket based on the tech alone, which you also happen to be partnering with… + +the next chess move might be to accept that coin as a form of payment at your massively popular company… + +the news gets random investors and gamers alike to buy LRC because tomorrow your investment of $4 is $40 and you can buy a whole video game in 6 months for next to nothing… + +This would give the Loopring token another utility to flex. + +Upon such an announcement, anyone who knows anything about deflationary coins would buy as many Loops as they possibly could. + +Then a bunch of low level apes sell off at the peak and load up on GME shares and DRS them shits. + +I know this is all in my head and I’m just day dreaming… but this is all very possible. So I’m gonna continue to ponder the possible timelines we could end up in. + +Good day me fellow simians. +I posted this a number of months back and it got a fair bit of traction so thought I’d do another post. Help to Save is a type of savings account. It allows certain people entitled to Working Tax Credit or receiving Universal Credit to get a bonus of 50p for every £1 they save over 4 years. Help to Save is backed by the government so all savings in the scheme are secure. + + + +Eligibility: + +You can open a Help to Save account if you’re any of the following: + +-receiving Working Tax Credit + +-entitled to Working Tax Credit and receiving Child Tax Credit + +-claiming Universal Credit and your household earned £604.56 or more from paid work in your last monthly assessment period + + +If you get payments as a couple, you and your partner can apply for your own Help to Save accounts. You need to apply separately. The total amount of free money for a couple over the duration of the account is £2400, tax free. + + + +[https://www.gov.uk/get-help-savings-low-income](https://www.gov.uk/get-help-savings-low-income) +I posted this a number of months back and it got a fair bit of traction so thought I’d do another post. Help to Save is a type of savings account. It allows certain people entitled to Working Tax Credit or receiving Universal Credit to get a bonus of 50p for every £1 they save over 4 years. Help to Save is backed by the government so all savings in the scheme are secure. + + + +Eligibility: + +You can open a Help to Save account if you’re any of the following: + +-receiving Working Tax Credit + +-entitled to Working Tax Credit and receiving Child Tax Credit + +-claiming Universal Credit and your household earned £604.56 or more from paid work in your last monthly assessment period + + +If you get payments as a couple, you and your partner can apply for your own Help to Save accounts. You need to apply separately. The total amount of free money for a couple over the duration of the account is £2400, tax free. + + + +[https://www.gov.uk/get-help-savings-low-income](https://www.gov.uk/get-help-savings-low-income) +The ERC-20 is being taken advantage of, and It will eventually crash the party for everyone when regulators step in and pull the plug. You guys need to put the pressure on Ethereum Project to restructure how the ICOs are conducted. + +Let's take Status as an example. There is absolutely no freaking way a startup with only an MVP (they call it Alpha, let's call it for what it is, a Minimum Viable Product) needs $105M to launch. It's a mobile app like any other mobile app, and it surely can't be as complicated as Facebook app, and more than that, it doesn't have as much expanses as Messenger, Snapchat, WeChat because it operates mostly on the blockchain. + +In the classic fundraising model, Startups mostly bootstrap to come up with an MVP, then go for a Seed investment to start working on a Beta product for a soft launch, I worked almost a decade with startups and I know for a fact that in order to launch an app like Status, you don't need more than $20M. These guys here have an MVP that is barely working from the feedback I've seen on Slack, riddled with bugs and tested by only a handful of people, and they are raising a 100 Million. + +They haven't shown anything to convince the crypto community they deserve a 100M investment, and more than that, they outright lied to us in r/Statusim when they said 300k ETH is the failsafe and that the hardcap is much lower than that. Guess what? They DID raise 300K. And I need to apologize here because just yesterday I was right here on this sub ranting against some of you who doubted the project and outlines some anomalies, I had good faith in the team, but apparently I got fooled, like a thousand others. + +Imagine in the future when a legitimate startup is operating on the Ethereum blockchain and their services get disrupted due to a silly ICO, I don't think anyone in their sane mind would decide to launch a startup on top of Eth if things continue like this. + +Fixing the ERC-20 is vital to the continuity of the Ethereum Project, I have no ETH to my name, but I really want this project to succeed. +Many people and developers believe that Eth 2.0 is here sooner than expected (July, 2022). Once Eth 2.0 is out what price you think Eth would be at that time? Give me your numbers. +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 people, + +So some co-workers of mine and I are putting some money into random Shitcoins every month, its a thing we've just started doing. I call it Shitcoin Roulette. We'll be using bittrex, any suggestions on a coin that hasn't pumped in awhile that's in need of a pump soon? + +Literally can be anything on Bittrex. Except Doge lol. + +Thanks! +Hi everyone, such a great community, got outstanding feedback: + +Thanks /u/kristalmeth + +https://twitter.com/iEx_ec/status/872059644998553600 + +Thanks /u/Rune4444/ + +Who is joining the event + +Thanks /u/PurpleHamster + +http://www.gbcc.co/ + +I hope that the event takes place and that it benefits ETH in a big way! +More adoption, more publicity, more use-cases for a better ETH. + +PS: Nonetheless the post with the source is still legit + +Original post: +----------- + + + + +Hi Ethtrader!! + +I’m a longtime hodler and have to tell you something. This is **not** a joke and **not** a scam. +Please take this post with a grain of salt!!! + +So we’re all anticipating the China event in Chengu and I assume there is a connection between the ETH spike and the event. + +To be honest, the website looks shady. +There are barely any other websites reporting on it. There are a lot of typos (even in the names of the speakers/attendees), background info of the site is quite rare, and so on. +http://news.btc123.com/news/detail?id=5893 + +**FIRST RED FLAG(s)** + +So I went on and tried to contact the organizer over email. + +When you try to send an email to the address `business@btc123.com` it delivers a delivery error —> It does not exist. +I also tried to add them over WeChat, got no answer for days. +In addition, there still isn’t an official website for the event (just a reminder that one will follow soon —> How long do they want to wait????) + +**SECOND RED FLAG** + +So I went on and tried to contact the speakers. None of them responded, but one! + +He is listed as a key speaker here (at the bottom): +http://imgur.com/a/s95I3 + +This is the response: + > Hi, no I am not, never been asked to. + +Here’s proof of it: +http://imgur.com/a/VN4SV + +**That’s a major one!!!** + +Yes he could have lied, but just judging his response, IMHO this clearly doesn’t look like a lie! +Maybe he wasn’t invited and the event still takes place, could be… + +**That’s just FUD, you want to drive the price down** + +I’m an ETH supporter for quite a long time and want to help this community. If this is true and it comes out on the 14th a lot of good people could loose significant money. + +You can try to contact their mail, it’s not working. I don’t know how to proof that the chat with the other person is legit tho, if you have an idea, write in the comments. I’m also in contact with a mod regarding this. + +**tl;dr** + +There Blockchain China Event could be scam! One of the main speakers never heard about it! + +Edit: Formatting + +Edit: Added the website of them + +FYI: I've sent a video of the chat (incl. website reload) to the EthTrader mods as proof + +Disclaimer: I don't want to spread FUD or drive the price down, it could absolutely be true that the event is real. Just want to inform you that one of the 3 main guests told me he knows nothing about this event. +TLDR - Limit on shares released by GME, No limit on how many can be sold by Market Makers to continue to "provide liquidity". Supply and demand is bullshit in the markets for stocks that don't fit the mold of the market. Market makers make shares and don't have to deliver "on time". Absolute Bullshit. GARY GENSLER. This is what needs fixing. You can only have 76 Million shares. NOT 300 Million to "provide liquidity". + +&#x200B; + +Ok, In my fairly short time in the markets and that is about 5 years.... I've always thought that there is a limit to how many shares of a certain stock are on the market and there is from a company's perspective, and there are from the companies prospective. I've also been lead to believe by the dynamics of the market that stocks are driven by supply and demand. + +Ok lets get down to the crux of the matter. \*\*\*\*Market Makers can make more share legally\*\*\*\* (Well not exactly) to provide liquidity. Lets break that down a second. " [Market liquidity refers to a market's ability to allow assets to be bought and sold easily and quickly" - Investopedia.](https://www.investopedia.com/articles/basics/07/liquidity.asp) + +So 76.49 Million shares have been issued by GME, 61.76 are publicly traded. To allow for easy trading of a stock market makers can make shares (or duplicated, triplicate etc..) without having to deliver them on time. They've always been able to use deep in the money calls/puts to shift delivery but this GME scenario has really shown how problematic this can be for retail investors. Gary Get off your ass and fix this "Market liquidity relief process". + +What all investors believe is that the law of supply and demand rules the market price of a stock, well that is until there isn't any left to buy and then they just make some up with no defined time line or intent to return them. + +GAMESTOP - Are you getting the capital returns on the extra shares these market makers are creating? Are the filings getting updated to show how many shares exist? NO, you're not. Nor is any other company for their share that these market makers are "Shorting", "Providing Liquidity". + +If 10 shares are available from the company and 10 shares are bought, then someone else wants to buy 1 of those ten shares, they must wait for one to become available and or ask the person who owns 1 of those shares what their price is... guess what providing liquidity is not, I repeat NOT just creating more. That is just fraudulent shit. ---- Trimbath is right about one thing, FTD allowance is our end problem. +As we approach the DTCC Cartel vs GME Shareholders Endgame, it occurs to me that the safest place for GME shareholders to sell their shares will be via Computershare. + +According to **Section 13** of their brochure, Computershare have the right to use any Broker of their choosing for purchases or sales. This means that as well as their current fiat Broker, Merrill Lynch, they could also choose to sell our shares through the GameStop-partnered crypto Broker FTX. + +[https://cda.computershare.com/Content/1a56f72c-e002-417e-a6ed-8925edb42713](https://cda.computershare.com/Content/1a56f72c-e002-417e-a6ed-8925edb42713) + +From the **Disbursement Section** of their Q&A Brochure, we also know that Computershare are set up for direct deposits as well as currency conversion of funds. + +[https://www-us.computershare.com/content/download.asp?docid=%7Bf2ea5d8b-8dee-44d3-af60-b633864f03cd%7D](https://www-us.computershare.com/content/download.asp?docid=%7Bf2ea5d8b-8dee-44d3-af60-b633864f03cd%7D) + +Q: How do I request payment of my cheques directly to my bank account? + +A: Many companies offer direct deposit of payments to their holder’s bank accounts. + +Q: Can I receive my payment in another currency? + +A: Many companies offer the opportunity to receive payment in various currencies. + +Once you include the GameStop Wallet, it appears that both Computershare and GME now have everything in place to allow GME shareholders to conveniently sell their shares via Computershare in the asset/currency of their choice. + +IMHO this is even more exciting as it means that all sales will be Computershare batch sales through either the fiat Broker or crypto Broker and the sales funds will then be deposited directly into Computershare’s own account before disbursement into our individual accounts. This will provide much needed extra security because at no time will our fiat bank account numbers or GameStop Wallet addresses be exposed to Brokers or purchasers. + +The Endgame approaches Apes! + +If you haven’t already, it may be time to get those GameStop Wallets ready. [https://wallet.gamestop.com/](https://wallet.gamestop.com/) + +And to sign up for that GME-Branded FTX Visa Card. + +[https://www.reddit.com/r/Superstonk/comments/xycl78/visa\_partnered\_with\_ftx\_im\_in\_first\_line\_to\_get/](https://www.reddit.com/r/Superstonk/comments/xycl78/visa_partnered_with_ftx_im_in_first_line_to_get/) + +[https://www.reddit.com/r/Superstonk/comments/x8gmkf/gamestop\_partnering\_with\_ftx\_guess\_who\_else/](https://www.reddit.com/r/Superstonk/comments/x8gmkf/gamestop_partnering_with_ftx_guess_who_else/) + +Buy, DRS, DRS Tweak, Hodl, Shop + +&#x200B; + +**Edit 1**: GME non-DRSers may want to keep in mind that most fiat Brokers are not yet set up for crypto sales. + +**Edit 2**: I’m assuming there will be Computershare batch sales as Apes will direct Computershare to sell their share(s) at whatever [www.gmefloor.com](http://www.gmefloor.com/) is priced at for that particular moment/day! + +**Edit 3**: Would Credit Suisse please hurry up and die already so that we can go back to typing CS for Computershare! + + +**Edit 4**: Recent post providing information on Computershare's preparation for a blockchain system. + +[https://www.reddit.com/r/Superstonk/comments/ybyu9p/computershare\_tested\_blockchain\_ownership\_of/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ybyu9p/computershare_tested_blockchain_ownership_of/?utm_source=share&utm_medium=web2x&context=3) +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. +So I want to put this out there, though I know this is quite a rare situation to be in, because it's something that caused me quite a bit of unnecessary suffering. I don't know if this is the right place, but I think this post needs to exist. Summary at the bottom. + +I'm recovering from about a 2 year depression. Story is, I interned at a wonderful company summer of 2016, started making good income, and decided that I would try to save as much of it as possible. So I lived at home with my parents, didn't eat out much, cut a lot of other costs, and I was saving almost all of my income. + +This was not a good idea. I fell into a pretty good depression. Living with my parents was not good for me. It took me until the beginning of 2018 to realize that what I was doing wasn't healthy. I ended up moving to a mountain town where I wanted to be outdoors and be active, among other things. + +Sure I increased spending a lot, but I only decreased saving by a little bit. If you're saving a lot, you can vastly increase the amount you spend while only marginally decreasing the amount you save. Another thing is that quality of life is not linearly correlated to spending. If you go from a medium to a lot of spending, your return is less than linear, but this works both ways. If you go from a little to a medium amount of spending, your return is more than linear. + +Moral of the story is don't forsake your well being for the purposes of your financial future. You need your health now. I understand that the tendency is to splurge, but I think, especially here in this subreddit, there's a lot of people who earn a good living with a tendency to spend none of it. Money never spent/donated is worthless. + +Edit: Removed personal information, more to the point. Also I kind of thought this would get downvoted. I can share numbers if that would help, but I didn't want to distract from the advice. +* It provides an optimistic projection to accommaodate well over VISA level volume on the blockchain 14 years from now. + +* If there is a problem with blocks being too large, the maximum size could be lowered via a soft fork. This would be much easier than raising again with another hard fork if there is a problem with too low of a limit picked with another proposal. + +* Global average upload speed is about 5Mbps today ([source 1](http://www.prnewswire.com/news-releases/akamai-releases-first-quarter-2015-state-of-the-internet-report-300103575.html), [source 2](http://www.cbc.ca/news/technology/why-internet-upload-speed-in-canada-lags-behind-world-average-1.2578682)). This means 50% of the internet connected world could in theory handle the bandwidth requirements of 90MB blocks today. Don't believe me? Math is easy 5Mbps / 8bits X 600s = 375 MB every 10min. Since you will need to download and upload that many blocks and transactions from 1 peer and to at least 1 peer 375 / 4 = 93.75MB blocks are possible to run a neutral (non-leaching, non helping node). To help the network and upload to multiple peers you would need more bandwith, but 35 countries around the world have more than 5Mbps bandwidth ([source 3](https://en.wikipedia.org/wiki/List_of_countries_by_Internet_connection_speeds)). Let's say all users are only willing to use 25% of their bandwidth to run a node, 23MB blocks are still possible today for half the world, and that's if blocks are 100% full 24/7. + +* The often cited possible attack where a high bandwidth miner generates an artificially large block to force out low bandwidth miners is not a concern because SPV mining exists. Further, because the attack wouldn't work due to the existence of SPV mining, the attack is disincentivised because the attacker would have a high orphan rate. So this is not a concern. + +* Miners with low bandwidth need not generate large blocks, their propagation time and orphan rate won't be affected if they decide produce smaller blocks by setting their own soft limit. + +* We've seen transaction spam attacks take out 10% of full nodes by filling mempool and crashing nodes due to low memoy in the past couple months. The cost of performing that attack increases linearly with max block size. RAM is the limiting factor today for nodes, not bandwidth and not CPU. Larger blocks clear mempool faster. + +* It will allow for blocks to be large enough by halving number 4 for miners to more than make up for their loss of revenue from unrelenting halvings with transaction fees, without the need to increase today's average transaction fee of around 5,000 satoshis per KB. + +* Lots of altcoins have had a larger effective block size than bitcoin for years, and to my knowledge there have been no problems of the kind feared by small blockers. + +* It is supported publicly by many industry leaders, including Coinbase, Circle, BitPay, Coinify, Bitnet, Xapo, blockchain.com, itBit, BitGo, and KNC miner. + +* It was written by Gavin Andresen, the man whom Satoshi Nakamoto entrusted to take his place. + +* It is the only proposal that is written and implemented, with binaries of a client available to this day. +Not sure if I am asking in the right subreddit, but was always curious about this and had no one break it down for me. Just wondering what kind of set up this may involve so that I can have an accurate understanding of this, rather than making these "loopholes" sound like an unexplainable conspiracy theory. +I have started paying for things with cash again recently and I have to say - I LOVE IT. I actually love the physical feeling of withdrawing the cash, holding the cash itself and experiencing that feeling of holding legal tender wealth in my hand; as well as handing it over in exchange for goods and services, and then getting change. I dunno. Maybe we should start a Paying With Cash trend ? And that way we can ensure that we will always have a way to be private citizens if we want to, as well as be able to pay for things when the power goes out. What do you reckon ? +https://www.google.com.au/search?q=property+market&cr=countryAU&client=safari&channel=iphone_bm&tbs=ctr:countryAU,qdr:w&prmd=nmiv&source=lnt&sa=X&ved=0ahUKEwjfjsP65PDeAhUXQH0KHRhCABwQpwUIHg&biw=375&bih=553 + +Googled real estate this morning and was confronted by two articles from news.com referring to the market as a crash. Is that where the consensus has shifted or are we still calling this a correction? + +I’m treading with caution because I believe the lower quartile of Melbourne property would be sensitive to an interest rate cut I see coming next year. + +Anyone still think this is just a small correction? Melbournes dropping like a lead ballon on the core logic ticker. +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! +What is the inflation on ETH right now? How much needs to be bought every day to keep the price stable? + +I saw around 10% but I'm not sure of this figure... +I'm very new to crypto currency and have been looking around to find something to invest. looking around I feel like ethereum seems to be the best option but I feel like I am way too late to the hype. Please give me some advice as to how to proceed. +I've been lurking on this and bitcoins sub for a little while now and every now and then I see a comment from bitcoin hodlers saying that ETH is a scam and a cult ideology. My question is where does this come from and what do you guys feel about those accusations? +I read: +https://www.reddit.com/r/realestateinvesting/comments/c42w1m/as_a_real_estate_investor_is_there_any_benefit_to/ + +I was curious for everyone out there what degree, class, certification, or other has been helpful to you? I know obviously theres the school of hard knocks of actually doing it, but perhaps an advantage came from having a previous background etc. + +For example maybe being a Realtor saves you 1.5% on each deal which gives you an edge. Perhaps being from construction means that you can better evaluate. I hear a lot about ex-engineers who are pragmatic and good with math etc. + +What was helpful, what wasn't? + +I'm also especially curious about those with real estate development or other similar degrees. Did it matter? Was it all about the network etc? +I am fortunate to have a stable and decent paying remote job that allows me to live anywhere in the lower 48 states (and near an airport for business travel). I am early 30s, single, very mobile, and wanting to invest intelligently. Currently own my first property and researching my next target. + +My overall real estate plan is to buy another house or duplex under ~$300k range every 2-4yrs to live in, add curb appeal improvements as needed, then eventually rent out or sell. Aiming for at least 2 beds and 2 full baths to potentially rent the room out to lower costs. Rinse and repeat then have option to sell any remaining rental properties once they’ve really appreciated over time. I also like the idea of moving to different places every few years to start again and get to know the locality, assuming I don’t settle down permanently in one region and just grow my real estate portfolio locally. Planning on using a management firm to look after my rentals. + +Looking for small-to-mid sized urban areas with strong potential for long term growth and appreciation. Especially for cities that can become the next major Tier 3/4 economic player like what Austin, Denver, and Tampa have become. With my price range, I am mainly focusing on the Southeast region (NC, SC, GA, TN, FL) with LCOL towns and cities primed for attracting retirees, employment, young professionals and families; but also open to all regions in the US to research into. For those who have a similar strategy, hoping we can all share “hot tips” for areas about to reach a flashpoint in the next 5-10yrs! + +I have enough for 20% down for my price range, and emergency savings if the economy really goes for the worst. Starting to research and hunt for great deals especially if rates stay or get lower, and prices have fallen some due to the Covid pandemic. Here are my Top 5 areas I’m considering, any thoughts on the below for my next move? + +- **Raleigh-Durham-Chapel Hill, NC**: +This area is already a spoiled secret but can still find opportunities in the growing rural areas 30-45min outside of the Research Triangle Park. Soon will become a leading Tier 3 urban area in my opinion. *This is where I’m based now with my first investment property near downtown Durham. Just reached 2yr ownership and have already built a nice estimate ROI. Have an interested party lined up to start renting already. May stay in the RDU area if I find another great deal to buy next.* + +- **Savannah GA - Hilton Head Island - Beaufort SC**: +Once seen as just a sleepy retirement or tourist/golfing destination, I think this region has started growing exponentially with recent YoY leaps in population and housing. My older brother’s family relocated to HHI and lives in and rents out two properties, and currently building his third home in Beaufort to move into. Most of HHI is already developed and quite expensive but off the island, there’s been more developments and planned communities starting in the $200k range. My brother is starting to see more young professionals moving in as well the last few years, not just retirees. Very family friendly area and why I’m strongly looking into nearby downtown Savannah, GA. Able to find beautiful remodeled historic homes and fixer-uppers well under $300k. These types of historic and new colonial styled homes are often $1M+ in sister historic port city Charleston, SC. With the major shipping port, growing aerospace/defense industry, local SCAD and State universities, and “southern charm” seaside appeal, I think downtown Savannah is starting to catch up with Charleston in accelerated value and growth. + +- **Winston-Salem, Greensboro, High Point, NC**: +Known as the “triad” (sister to RDU “triangle”), this urban region seems to mirror what Raleigh Durham was 20yrs ago. Winston Salem, similar to Durham, has beautiful old tobacco factory buildings repurposed into mixed use, but currently a high crime rate and void of a younger concentration (also like where Durham was 20yrs ago). Local education is strong with several good universities (Wake Forest, High Point, UNC-G, AT). Since the triad had a brain-drain with young professionals moving to the bigger cities as Big Tobacco became less of the anchoring industry, there are now active municipal and grant-supported efforts to attract research, medicine, and IT partnered by the universities. Banking also has regional presence due to nearby Charlotte. I think the biggest “hot tip” to the triad is its location between Raleigh and Charlotte, equally 1-1.5hr away on the I-40/85 corridor. Feels like the triad is the last big urban area in North Carolina primed to explode just like RDU, Charlotte, and Asheville. There are cheap under $100k historic homes in downtown Winston Salem and Greensboro getting snatched up for gentrification and remodeling. + +- **Jacksonville FL**: +Home value and population have dramatically increased YoY like other big southern cities, but jobs/construction have cooled off last 2 years. This temporary stunt lead to oversupply of affordable newly built homes under $300k. My thinking for investment is more long term, as JAX is already a Tier 4 city in terms of population, but seems to be the last large urban environment in Florida that has not yet matured into a big economic and luxury market player that the rest of Southern Florida has become. Don’t get me wrong....there’s still mansions worth several millions in JAX...but the city and its beaches haven’t garnered the same high status and wealth as Miami-Boca Raton, West Palm Beach, and now Tampa/Sarasota. I can see the long term potential especially as a large Atlantic seaside city. I also foresee positive job growth returning to JAX in the next business cycle, sandwiched between Atlanta and Miami. + +- **Chattanooga TN**: +Has attracted STEM and is now the “Gig City” of the world with some of the fastest internet connections. I still don’t hear too much about “Nooga” yet...but have the feeling it will will grow quickly and attracting national trending similar to Nashville as of late. So most real estate investors haven’t largely caught on just yet, but I’ve seen trending in buying and housing prices spike this year. Equidistant to Nashville, Knoxville, and Atlanta, this town seems ready for a flashpoint. Situated at the foothills of the Appalachian mountains, this town is highly regarded to be family oriented and very safe. I can see it attracting the same active young professional crowd who enjoy the outdoors that Denver, Salt Lake City, and Colorado Springs get. Great prospects for real estate buying, # 2 under Nashville and above Raleigh Durham on PwC’s Real Estate 2020 report. (https://www.pwc.com/us/en/asset-management/real-estate/assets/pwc-emerging-trends-in-real-estate-2020.pdf) + +*Smaller areas that I’m also considering:* + +- **Fort Mill SC**: +Just south of banking capital Charlotte NC. Young professionals and families are relocating south of the border for the cheaper housing, lower taxes, gasoline, etc compared to NC. + +- **Greenville SC** +The fastest growing market in SC and halfway point between major economic players Charlotte and Atlanta. Very family oriented and has attracted a trendy progressive vibe similar to Asheville and Austin. + +- **Columbia SC**: +For potential long term value, as the state capital and home to the flagship USC university. Higher crime rate and low industry but may benefit from SC’s overall growth trajectory. Currently not a valued proposition for employment...but maybe in another 10 years? May never become an “Austin” but maybe potential as the next Nashville or Birmingham? + +- **Cape Coral-Fort Meyers-Naples FL** +Gulf-seaside area that caught national attention as of late. One of the highest increased rates in the state. Potential to become the next big luxury housing market player in south FL. Thinking it would be a great place to buy and rent to retirees. + + +Are there any cities or towns you would suggest that could become hot markets in the coming years? +As an cash flow investor it seems fairly obvious, but what is it based on in general? + + Like if someone says SF is overvalued right now... home price to wages? Home price vs price to rent? + + +I just moved into a multifamily I purchased in September with tenants I inherited (that moved in that same month). Yesterday my girlfriend noticed a cat in our yard and today shes hearing the cat on the floor above us. The lease clearly states no pets but does not list any recourse if they violate that condition. + +The tenants have been nice so far and I dont want to create any tension, especially with me having a dog of my own. How should I proceed ensuring I'm compensated for any damages caused by the cat? I dont exactly mind that it's there except some quiet meowing. Can I bring it up that we can rewrite the lease to include pets at a small increase in what I'm charging? +I just moved into a multifamily I purchased in September with tenants I inherited (that moved in that same month). Yesterday my girlfriend noticed a cat in our yard and today shes hearing the cat on the floor above us. The lease clearly states no pets but does not list any recourse if they violate that condition. + +The tenants have been nice so far and I dont want to create any tension, especially with me having a dog of my own. How should I proceed ensuring I'm compensated for any damages caused by the cat? I dont exactly mind that it's there except some quiet meowing. Can I bring it up that we can rewrite the lease to include pets at a small increase in what I'm charging? +Jed McCaleb initially has eight billion XRP given to him for his initial work with a past project that is now named Ripple. He left Ripple to work on Stellar (XLM) in 2014, and ever since he has been dumping his XRP tokens in the market, but now he is almost running out! + +According to data provided by [Jed Balance](https://jed.tequ.dev/), which is a site dedicated to tracking Jed's XRP holdings, he now only have about 111 million XRP left in his name (or this particular wallet/account). + +&#x200B; + +https://preview.redd.it/v0o57nzej1891.png?width=1767&format=png&auto=webp&s=957f41819aa15b8b2979537ef0012ffc688c5aec + +He has been dumping about 4 million XRP tokens per day this month, going at this phase we might see him run out of xrp in a single month, of a few months time if he changes how much he sells everyday. OR he might altogether just stop selling again like what he did around 2021. +I was reading the other thread where some people wish they could trade all the millions they have to be 25 again. It made me think that our 20s are probably the most precious since it's when we peak physically. There are some things we'll never be able to do later if all we just let it go to waste in the name of FIRE. + +I think in general, you can achieve FIRE on a 45-50% savings rate in 20 years. So... what if someone in their 20s just puts away the 401k amount for employer match, and spends everything else on experiences such as crazy travel and treks around the world, going out with friends, and just having a blast. Then around 30, start their FIRE journey. By that time, their income should've doubled or tripled, and should be a reasonable lifestyle to live on for a 50% savings rate. They'll also settle down and maybe get kids. Kids will take 18-20 years to raise (2 kids 2 years apart), and you can't go as crazy living your life to the fullest while taking care of them. During those 20 years, they're on that FIRE journey with their spouse, and finally when the kids go off to college, it's the perfect time to RE. + +They're 50, they had all the nice experiences taking advantage of physical youth in their 20s. They leveraged the boring middle to live the frugal life raising kids. Then they are able to experience financial freedom at the best time, when kids are gone and are still healthy. Those 20 years of frugality are also a great environment to teach kids important financial concepts. They can go on more relaxing trips, and many of their friends are also retiring in their 50s, so it's not lonely. They also have the experience and energy to start business ventures if they want. + +I feel like that's a way more attractive life than grinding out the 20s and lose that one chance at enjoying youth forever, only to retire in the 40s when kids might still be in their teens, and so you don't really have youth, nor do you have true freedom, unless you'd like to spend a lot of time with teenagers (they probably don't). +Looking at the Shiller P/E, we see that it is around 36, which pretty much denotes a massive bubble in equities and signals doomsday. Or does it? + +Maybe others can offer some insight on this, but I think we need to look at a couple other things in addition to earnings. Let's look at the all-time high for the Shiller, which was 44 right before the dot com bust in Feb/March 2000. + +In early 2000 we had: + +1. Average corporate AAA bond yield at 7.6% with inflation running at around 3.2% +2. Unemployment rate at 4.0% + +In early 2022 we have + +1. Average corporate AAA bond yield at around 3% with inflation running at 7.5% +2. Unemployment rate at 3.9% + +So we can easily see that if one were to pull his money out of equities, there simply isn't anywhere else to put the money. Corporate bonds look terrible because of awful yields and inflation, and are vulnerable to rate hikes. This was not the case in 2000, where one could dump his money into PIMCO funds and ride out the crash in equities. + +Now some will say "put money into real estate"! --well that sector is in an even worse bubble than stocks, and there is a building shortage, rising property taxes etc. Going from one overheated sector on the verge of a crash or correction and into another ins't a solution. + +At the end of the day, it needs to be a massive crisis in the financial markets and doomsday before I sell all my stocks and hold cash or bonds, which will guarantee I lose (lots) of money. Municipals are better, but yields are still below inflation + +so is this one reason the market is holding at these levels? +I’m 22 years old earning £22,500 before tax. I have £10,000 in my LISA, and will most likely be looking at flats/apartments in the 100-120k range. + +I own my car outright and insurance is around £600/year. This is my main outgoing payment, everything else except food is around ~100. + +Now my question is, if you were in my position would you go for the mortgage now? Would you wait another year so my LISA would have a value of £15,000? Also, apart from the LISA money, how much do you think I should have in my bank account to cover any costs I may be faced with when purchasing or having purchased the property? + +Thank you in advance and if I have missed out any vital information please let me know so I can update the post accordingly. + +Edit: I’m based in the north of England if that is relevant. +Most of you are probably familiar with the wheel strategy where you sell cash secured puts (CSP) to eventually enter a long position, then once assigned begin selling covered calls (CC) on the underlying. Creating a nice cycle for collecting premium with limited risk. Now double it. + +# The Strategy: + +1. What I'm suggesting to do instead is to sell a naked straddle to enter either a long or short position on the underlying. With this, you do not care about the directionality of the underlying, however, if you had a bullish or bearish bias the strategy could be modified to favor a direction - I'll get into this below. +2. Let's assume after selling the naked straddle you were assigned on the put and you're now long 100 shares of SPY. You'd begin selling 2 OTM calls on the position. 1 of these calls is a covered call with the 100 shares you're long, the other call is naked. If the underlying breaches through the strike price at expiration you're going to have your 100 long shares get called away from the CC but then end up short 100 shares from the naked call. +3. Now that you're short 100 shares on the underlying you begin selling 2 OTM puts on the position. 1 of these puts is covered with the 100 short shares, the other put is naked. If the underlying breaches through the strike price at expiration you're going to have the 100 share short position closed by the covered put but then end up 100 shares long again from the naked put. + +This process gets repeated just like The Wheel, only with 2x the premium on the same sized underlying position. This obviously doesn't come without increased risk. + +# Adjustments to the Strategy: + +Much like with The Wheel strategy, you'd likely be selling the options at 30-45 DTE to capture a lot of that accelerating theta decay at about .30, -.30 deltas. + +However, let's say the underlying is SPY and you're long term bullish, you'd want to maximize the amount of time that you're long the underlying and minimize the amount of time you're short. + +You would continue to sell your \~.30 delta calls however, if the strike price was breached you would roll the short calls up and out to continue to capture more of the underlying's upside while trying to get them to expire worthless rather than take the assignment and end up short on the underlying. + +If you did get assigned and ended up short the underlying you could instead sell much shorter duration puts (weeklies) and instead of selling the -.30 deltas, you could bring the strike to ATM. Enabling you to collect more premium for the ATM strike but also increasing the likelihood of assignment quickly and returning to your long position on the underlying. If the market did happen to take a turn and you wanted to quickly capture the downside, you could of course roll those puts down and out. + +# Additional Thoughts: + +This strategy obviously brings about more risk due to the short calls/puts so it might limit the underlyings you'd be willing to trade. A big earnings move against you could wipe out a few months worth of the premium selling so you'd probably want to stick to the more stable/liquid ETF's and long term stable blue chips. + +By selling 2x the premium you're much more cushioned for a move against your underlying. For example: Let's say you're short the SPY shares during a nice bull run. + +SPY is currently at 280 and you're short but you've just sold 7 DTE puts ATM which are sitting at 5.30 right now. You collect the 10.60 in premium so if SPY moves up against your short position, you don't see a loss until SPY breaks above 290.60 within that 7 day window. + +&#x200B; + +Would love some feedback on this, tell me where I'm either wrong or failing to account for something. Or better yet, if this can be improved somewhere? +If the New York law takes effect requiring that funds not touched in 5 years be handed over to the State of New York I request that by default all accounts include a pre-approved beneficiary if funds aren't touched for 4.5 years. + +For example; upon signing up for a coinbase account you should have to select a desired beneficiary. Either enter a bitcoin address of your choosing, or select a charity from the list (i.e. Sean's Outpost). If your account isn't touched in 4.5 years coinbase must send your balance to the selected address or charity. + +We don't want to fund the state; we'd much rather the money goes to a good charity. +https://www.scmp.com/economy/china-economy/article/3052985/coronavirus-chinas-factories-activity-plunges-all-time-low + +China’s official manufacturing purchasing managers’ index (PMI) dropped to 35.7 in February from 50.0 in January, below the 38.8 figure reported in November 2008 + +The non-manufacturing PMI – a gauge of sentiment in the services and construction sectors – also dropped to 29.6 from 54.1 in January, the lowest since November 2011 +I realise this is not really entirely relevant to this sub. However in the past Ive seen really insightful comments here. + +Ok so basically.. I was studying engineering at Uni but found the maths way too hard and didnt have enough focus to study the amount I should have.. after dropping out I somehow got involved with a security company and have been working with them for the past year. + +It pays pretty shit (8.5ph to 10.5ph) depending on the job and my biggest gripe is that you never really know where you are gonna be and weekends are rare. Plus its boring as fuck 99.9% of the time. + +I dont exactly know what I want to do which is annoying (i am 23 now) but Uni is deffo not on the cards. Ideally it would be office based. I think ive seen mentioned here specific IT courses you can do online that can get you entry level IT jobs. + +Literally any ideas of jobs or what to do would be much appreciated.. + +My GF studies Law and is always nagging me that I could do so much better than security.. but Ive been lazy. + +Thanks, hope this is allowed to stay. + +O and by the way this Sub enabled me to save my first 5k so thank you all very much! (i had an overdraft of 1.7k this time last year!!!) +One of the investment meetings I had this week the advisor told me the index funds collectively have more money than there are shares available to fill them, so they track the indexes in other ways, using derivatives, etc. Anyone have any literature on this? trying to wrap my head around this, so the S&P 500 is 23 trillion $ and I see Vanguard has 4 trillion under management, so could definitely see all the various stock market funds actually accounting for more funds than are in the actual market, which makes me think WTF!? +Analyzing my portfolio has indicated the growth is larger than my contributions and my expenses are at 2%, thus allowing me to retire whenever. Some background, I (47/M) am divorced, have a long term gf/partner (43/F) we have 3 kids (1 (12)mine, 2 hers (11,8)) and live in separate houses, etc. She wants to merge families, which I am ok with, but I will not get married. Since marriage/divorce has protections I want to make sure I cover all the bases for her safety. Live in a no common law marriage state and she might stop working. Any input would be appreciated. + +* Contribute the same amount she currently contributes to 401k to an IRA in her name +* Contribute the same amount as she currently contributes to her children's 529 +* Rent her house, she keeps all income, stays in her name. +* Domestic partner so she can go on my insurance (Her kids are covered by ex) +* Haven't figured out car insurance +* She/kids are in estate plan +* Regular expenses are just that, household, food, cell, etc. Just part of my ongoing costs + +When I retire brings a slew of more questions, plan to keep working for a bit. + +&#x200B; + +EDIT: I don't want to get married, she's ok with whatever and added ages. + +&#x200B; +46Years old, Near FatFire (not super-rich, FatFire target 7M, live in HCOL), planned to reach there in next 3-4 years. Have been traveling in coach all my life and now planning to explore business class travel for Europe or Asia bound flights from the US. Does not work in a consulting company so little business travel (3-4 domestic trips per year). Never bothered for collecting and managing the miles as have been using google flights to book flights that are cheaper with any airline (except the budget airlines). Now planning to use United Airlines more due to their direct flight options to Asia. + +Should I explore the world of collecting the mile through credit cards like United Airline Card or Chase Saphire Prefered etc. to earn miles for business class upgrades or just book the business directly? Is learning the mile game worth the time spent on it? I did try to see how much miles need to book ticket for asia on United business and it seems you need 150K to 300K miles for one side. That seems a lot of miles and seems will require good amount of hassle to earn that. Just curious what other FatFire fellows do for business travel? What are the best ways to earn business class travel? +Those of you who are pursuing FatFIRE, what is your income progression over time? How has that helped your NW grow over time? How has your career progressed as your income went up? +I’m not sure if this is the right place but I was wondering if taking time to learn more about the stock market was worth it. I’m in college and don’t plan to have any career in it but was thinking about spending some time learning more. + +My basic question is it worth it? I’m familiar with the story of Buffet betting against the hedge fund mangers? that investing in the index would outperform them and he won. So does having knowledge in stocks give a significant monetary advantage or is it pretty much guess work. +To all newbies from a fellow noob. + +I decided today that I was going to put a small amount into a penny stock for a long haul with intentions of adding more later. + +I’m currently using fidelity so I do not know how this works with other companies but... + +I purchased $20 at $0.12.. (I know not a lot) thought all was well.. checked a little later and saw that my gains/losses for the day was -$49.50???? + +After checking into it a little more I realized that I jumped the gun on a foreign stock and fidelity has a $50 fee for each foreign stock transaction.... + +So now I need this stock to go up to at least $1.00 a share to make a small profit and to account for the transaction fees. + +Moral of the story, do not invest in foreign stocks unless you are putting up an amount of money that will easily account for these transaction fees. + +That is all, thank you. + +Edit** +Link to fidelity fee list +https://www.fidelity.com/trading/commissions-margin-rates + +Second edit since I really didn’t think this would get this much attention** + +I’ve seen comments on here about how if the ticker has a F at the end then you will get charged this fee. +I can confirm that this is true as the stock I purchased does have a F at the end. (ZBISF) +Got a part time job paying $14 an hour at one retail company with the expectation that I'd be full time fairly soon. This was end of October. Got a second part time job to cover the bills until the full time spot opened. + +Full time spot never opened, and it's expected to not open for quite some time. I know it's only been a few months, but I've never worked retail in my life. I've always worked 9-5s. I've never been consistently on closing shifts every single day because for whatever reason I'm the favorite for closing for both jobs. + +I go into work later, but I've been feeling increasingly angry because the day is gone when I get home. I rarely have days off. I can't send a quick text to friends just to not feel so isolated because both workplaces are anal about phone usage. + +I've been feeling sick since yesterday. I have a 12 hour day coming up on Sunday and none of my coworkers will cover the second shift. And I have to be up at 4am the next morning to open at my other job. + +I kinda just want to go home and just not go in to either job. I've never done that, but I'm this fucking exhausted. + +I know what you're going to say - I'm an adult and it's only been a few months, suck it up and deal. I'm just so *tired*. I don't know how else to explain it. Tired of not having any time to do anything. Tired of feeling like the entire day is gone and I'll I've had time to do is run errands and go to work. + +I can't say anything to anyone because I'm probably seen by my coworkers as some dumb little princess who's never worked a "real" job and can't handle being an adult because I've always worked for small companies in customer service in an office with normal hours, without having to worry about coming to work sick. + + +In a quarterly event known as triple witching, roughly $3.5 trillion of single-stock and index-level options are set to expire, according to Goldman Sachs Group Inc. At the same time, more near-the-money options are maturing than at any time since 2019 -- suggesting a bevy of investors will actively trade around those positions. + +And once [again](https://www.bloomberg.com/news/articles/2021-09-16/triple-witching-to-hit-market-where-traders-pay-up-for-hedges), this triple witching coincides with a rebalancing of benchmark indexes including the S&P 500 -- a combination that tends to spark single-day volumes that rank among the highest of the year. According to an estimate from Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, the rebalance in the index alone could spur $33 billion of stock trades. + +Friday’s session lands just as the S&P 500 regains its [footing](https://www.bloomberg.com/news/articles/2022-03-16/stocks-aided-by-upbeat-powell-bonds-flash-caution-markets-wrap) with a three-day jump, buoyed by the Federal Reserve’s optimism the economy can withstand rate hikes and China’s promise to bolster its financial markets. Yet in the telling of derivatives pros, the rally has been fueled by dealers covering short positions to balance exposures while demand for stock hedges is elevated. + +Now as many contracts expire, the key question is whether investors will rebuild their holdings of protective puts amid growth concerns and the war in Ukraine -- or will they chase the market rebound with call contracts.  + +“I’ve never seen an environment where you’ve had so many potential overhangs in the market that can not be controlled,” said David Wagner, a portfolio manager at Aptus Capital Advisors. “We’ll see if people can see to redeploy their puts.” +Good morning, + +When i’m at home I generally turn on CNBC around 8:30 and listen while I do other things. I know that CNBC, Cramer, and the guests they have on should be taken with a grain of salt but I really enjoy that part of my day. They kind of tell you what’s going on. Dow&Nasdaq are down but gold is up, jobless claims report was released, oil drops on worries of Saudi Arabia’s commitment, etc... + +Does anyone have a website they like to visit in the mornings or throughout the day to get updates and kind of get a feel for the market? I appreciate any reply’s. I’m sure i’ll at least glance at all sites provided. Thanks! +So today is my brother's 13th birthday.He is pretty tech savvy and he looks up to me a lot so I did what someone never did for me on my 13th birthday.I bought him $50 worth of BTC and gave him his very first bitcoin address.Considering I am now 21,if someone bought me this amount in 2013 and taught me what bitcoin and crypto is all about,I would now be in the 5-digit mark,just from that $50 alone. So for anyone out there with younger relatives,give them the gift of bitcoin.They will definitely appreciate it sooner or later. +Hi all, I'm planning on writing an algorithm to trade penny stocks, and I was looking at Quantopian, but the only info I've been able to find about the stocks they support suggests that while you're able to bring in data on penny stocks, they only support the trading of large stocks. + +Has anyone traded penny stocks using an algo? How should I go about getting started? +Hi, I'm not sure if anyone here may be able to answer this or has heard of this, but it's fair to say for sure that many banks (small banks too?) use trading algos. Do they also use technical analysis, like what most amateurs use? It would be wierd for all of these trading "secrets" to be available to the public. Do they have super-algos that take into account technical analysis, sentimental analysis and other stuff like portfolio management? Wouldn't an algorithm that has to compute that much be slower and maybe even less profitable? +Hi ! if you try literally just plugging in windows of stock market data and next direction as labels into a neural network, can you experience any success ? and if not why? +(insert joke about being fat in the kitchen) + +I'm curious what fatFIRE has allowed you to do to your kitchen setups. Top of the line applicances and gadgets and not much else? Separate prep kitchen to contain the mess? Features from industrial kitchens like specialty appliances, walk-ins, etc? + +What things are available to only fatFIRE and not chubbyFIRE? What's the cream of the crop? +Certain global cities are quite inexpensive, but do you want to live like the locals or do want to have access to luxury experiences and goods? + +This report is long, but makes some attempt at quantifying how much certain services and goods cost in different areas. So Bangkok may be inexpensive for food or cleaning services but if you want a Ermenegildo Zegna suit or a Steinway & Sons Grand Piano or a Two-Michelin-starred restaurant then it will end up being relatively expensive vs other global cities. + +Make of it what you will, thought some here might be interested [in the report.](https://srv-file8.gofile.io/download/Nb6rWJ/global-wealth-and-lifestyle-report-2020.pdf) +I did this without knowing the term fatfire existed. +Real Estate can be tricky, I hear so many stories of people that aren’t successful with it that if you want to pursue this be sure you do your homework. + +Real estate is also work. I just happen to really like it. I have a engineering and finance background and an absolute obsession with real estate. Found I didn’t care that much about my engineering career, let’s just say the bullshit factor exceeded the emotion reward and I was sticking around for $$$. + +I started real estate very slowly. Many many years ago I bought a vacation property just like many of my friends, but I researched what property was in high rental demand then found a management company I liked. My friends couldn’t imagine someone in their house.... I couldn’t imagine not having my asset working for me when I wasn’t there. I kept my things in a locked closet and it meant when I visited the lights were on, sheets were washed and everything perfect.... and I could just walk away and go home. + +I held the property for 17 years and the value increased just under 100%. Pretty standard, but since my investment was leveraged I earned closer to 300% plus writing off expenses. + +Then during the recession I asked my real estate agent what to buy and she said multifamily so she helped me buy a duplex and 4 plex. They cash flowed pretty well and many people would be tempted to let it ride and pay them off for a nice retirement. + +But I sold all three moved and 1031 exchanged them to commercial, medical and larger residential. + +I FIRED early prior to the last set of transactions (real estate takes time too) +But now my passive real estate income replaces my old salary. + +I don’t intend to pay them off, I will leverage them again and buy more. +One unit was turnkey and one was a whopper of a project and the other is VRBOing the apartment above my garage. + +I do the same thing with my sailboat, by chartering it out I could buy a brand new 38’ sailboat and have the ownership lifestyle without the expenses. And being retired I spend 2 months a year on the boat. Way more that most folks can because they are tied to their desks. + + +Fairly recent to being high NW (currently at higher end of 7 figures). I'm aiming to diversify from the public markets, but am struggling to get access to private deal flow. + +I don't have friends who run in such circles and so far have struggled to find much. How do those of you with similar NW find private deals (private equity, hedge funds, real estate funds)? + +I've spoken to a couple of private wealth managers and asked about their deal flow, but on top of the standard \~1% AUM fee, the deals they presented to me were only offered via a single purpose LLC vehicle, which also layered on significant fees. + +I've read some comments about private banks offering such deal flow. If true, which banks? Anywhere else I should be looking? +Skipton Building Society have an online easy access saver with an interest of 1.2% (0.5% bonus for 12 months). Just in case it was useful for anyone. Probably the highest you can get at the moment. [Found here](https://www.skipton.co.uk/savings/easy-access/online-bonus-saver) +Hopefully it helps someone. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +It just seems to me like both munis and corporate bonds may have unusual risks with the upheaval in the economy. Currently it is papered over by congress and the Fed, but I don't know how long that can or will continue, especially in the case of the solvency of cities. + +Just wondering what investment types you are holding for your first few years of FIRE. +So I work in healthcare and live in NYC. I was offered 80K at a major hospital in Manhattan. 1199 Union, morning shift and 35hr/week. Double paid holidays, vacation days, etc... It's a 45 minute commute by subway. + + +However, I got offered 95K at a private institution. Pretty much corporate health care. It comes with health insurance, morning shift, 40hr/week, 5K sign on bonus, etc... This 95K job is ~31miles north from where I live. Meaning I'd have to drive; public transport is basically non-existent. I don't have a parking space at home. Basically I'd have to move up closer. + + +I'll be giving up my $740 monthly rent (family's apartment). If I do decide to move I'd want to invest in a co-op but I don't have the down payment for one. No debts, no car payments, 10k saved up. + +I don't know what to do. I keep getting advised that the union job is better for me in the long run and that the salary will go up eventually. Not having a car payment is awesome but I'm also a tiny bit concerned about my safety using the subways these days. + +Any questions please feel free to ask, as they will help me make a decision. + +Thank you for your time. + +P.S. I'm currently employed earning 34/hr. Using paid off car to commute 19 miles (40 mile round trip). Gas prices of course, are killing me. +Hello all, I'm an early February '21 ape and while I'm not active on this board, I lurk frequently to get the latest information and data. First off, DRS your shares. I am no financial advisor, and you all are individual investors, but sign your shares to your name or they're just being used against you. + +Now that we have the important stuff out of the way, I would like to take a second to just talk about the things AROUND the stock rather than about the stock. When this bad boy starts heading to the moon, all things you are going to come out. The good and the bad. All of us have our ways we want to change society for the better. Me, myself and I want to start a business that revolves around employees rather than employees revolving around the business, but that's all I'm going to get into with that. Point being, we all have a plan, so write that shit down, memorize it and make the world a better place. + +However, my main point is that all of us have negative things about ourselves that create waves in our own lives, our personal lives, and our professional lives. For me, that's marijuana. I love being high. However, when the stock we all like goes ape shit, everything about ourselves, both good and bad, gets amplified multiple times over. For me, I could buy out literal tons of weed, sit in a field the rest of my life and stare at the sky while feeling like I'm floating in it. But obviously, this is not what I want to do. I want to better myself and moreso society. So I've started taking steps to mitigate this, such as only smoking on my days I don't have work, and even then I only smoke on about half of those days, so that way it doesn't get away from me. + +Everyone here has SOME type of demon lurking in their closet. Ask yourself, is the demon going to move out of the closet and lay with you in bed when this thing goes bananas? Or instead, maybe youre going to evict that demon before he has a chance to make himself known to the rest of the world. Whether it's gambling (do you really want to gamble it all back to the hedgies who are just going to destroy more of society?) or porn, or drugs, anything. Don't avoid your problems, embrace them and start finding ways to send your demon a certified eviction notice. If that demon isn't chained up when this thing goes, GUESS WHAT?? It's coming out full force. Don't believe me? Look up nearly anyone that has won the lottery. Sex, drugs, gambling and bankruptcy. That's what most of them get. Is that where you want to be? Then start finding a track towards redemption. Even if you have to check yourself into rehab right now, isn't that better than you dying of an overdose while you're laying around literal stacks of cash? I would think so. + +One other point I would like to make before I wrap this up. If you don't have a sell price in your head, go find one and write it down. Circle it, underline it, highlight it, memorize it. UNTIL IT HITS THAT PRICE, DO. NOT. SELL. You think the fud is bad now> imagine when the price is at $10,000 and dips to $7,000 and all of these posts start popping up saying "hedge funds covered, here's the data and volume" with a whole bunch of ""evidence"" that hedge funds have covered. As Mike Tyson said, "everyone has a plan until they get punched in the face." Is your plan face-punch proof? No? Then make it so. Is $10,000 really worth two YEARS of fuckery, fud, self doubt, and literally everyone telling you to sell? Even $100,000 isn't worth that to me. $100,000 over two years of stress, constantly reading DD, pacing and long nights of no sleep is absolutely not worth it to me. I have my sell price and even if the price dips, I know that my price will still be hit. + +Thank you for coming to my APE talk. +**Update Tuesday, 11:15am EST:** ATOS is now listed on Fintel's most likely to short squeeze list. + +&#x200B; + +[Short squeeze + gamma squeeze = goodness](https://preview.redd.it/5aeiiaffyza71.png?width=2532&format=png&auto=webp&s=2a4dd005f92372ef0b405bcf16b99d8abcad4b17) + +&#x200B; + +Gamma squeeze melt up within the next 8 days. + +**Very bullish moving into next week**: 1) July 16 Opex and the 271,000 net call OI (which needs to be hedged via MM buying shares), 2) new all time high short interest at 29mil shares (at least 23% of float), 3) new trial of their Covid-19 drugs. + +**July OPEX** + +Repeat: **271,000 NET CALL OI**. This is a lot of hedging in the next 8 days. As the MM completes hedging of the ITM calls (of which there are 141,537 ITM currently), you will see a huge positive impact on price. + +How does this work? As we move closer to expiry, the ITM calls move closer and closer to 1.0 delta (corresponding to the MM buying 100 shares for every ITM option) at an exponential rate. + +&#x200B; + +[delta and time](https://preview.redd.it/omtd0bxos0a71.png?width=788&format=png&auto=webp&s=763f4f1851a5afb32483775486537155e9cc04d2) + +**Short Interest** + +It's absurd the amount of shorts opened **(29mil / 23% of float)** and how little it impacted the price. The amount of shorts opened in the last 5 days was **ridiculous** (in gray bars below). They attempted to drop the price enough to dehedge the July call OI, but didn't suceed. Shorts are now at all time highs (red line below). + +Again, the short activity the last 5 days made a negligible difference. This is very bullish moving into next week. We should see the MM working on the bulls side, buying more and more shares until Friday, July 16. + +**Shorts will begin covering**, putting more calls ITM (33,500 6c for example), corresponding to more hedging (+3.350mil shares purchased). This prompts more shorts to cover, putting more calls ITM (59,740 7.5c, corresponding to 5.974mil shares purchased). + +&#x200B; + +[red = shorts. gray = short volume. yellow = FTD.](https://preview.redd.it/cimq8utqs0a71.png?width=2434&format=png&auto=webp&s=96c7e7f31f7af3d322ef958e24852b9e2c7701e2) + +Repeat ad nauseam. + +**Covid Therapeutic Trial** + +[Atossa just released this news](https://finance.yahoo.com/news/atossa-therapeutics-receives-regulatory-approval-133000327.html) that they received regulatory approval to commence a joint phase 1/2 trial in Australia for their new covid-19 drug. Solid, sounds good, add some fire to the mix. + +**New Weekly Options** + +We just got new weekly options. The overwhelming call buying should aide the move up on July opex. + +Cheers. + +**side note**: I expect shorts to be aware of all of this and to pull out all the stops trying to get people to stop buying / sell their shares before the max hedging takes place. Comical, really. +&#x200B; + +[Just Up](https://preview.redd.it/46c7begjop491.jpg?width=1000&format=pjpg&auto=webp&s=2db6a96f8bb81aac16d3875fc956eb9a4d4cc40c) + +Put on your tinfoil hats and follow me on what I think the plan is for GameStop in the coming 2+ weeks. + +1. GameStop Wallet for iOS. I have worked with companies that develop software. You ALWAYS do the iOS version FIRST. When it is approved, it goes into your holding queue and you get to release it when you want to. I believe the iOS version exists now, but the GameStopNFT team released the chrome version to bug test to a less rapid audience. The Chrome browser extension is a hit. The iOS version is coming imminently with corrected bugs already ironed out. +2. The NFT Marketplace is also likely ready to go, but I suspect it will be released as a tease with an announcement for a launch date. Soon though, everyone will be able to explore all of the premium content about to debut (you just won't be able to get it quite yet). +3. The Share Splividend Announcement. + +Although I stay away from options for GME, it's impossible not to notice the huge Gamma ramp setup for June 17th (quad witching day). It gets super aggressive when GME exceeds $150 a share (which we already pushed up against this Wednesday). Any of the three plays above COULD trigger this ramp happening. All three (and probably even more surprises from the GameStop team) could ignite MOASS in a violent push at market close on the 17th and into the following week. + +And it will be during this liftoff event that the GameStop Marketplace will be officially released. It would also not shock me if an announcement concerning DFV and his new role at GameStop is also released at this time. + +I believe this launch sequence has been planned for some time. Strategic Chess from the GameStop team mapping out a long to-do list leaving no stone unturned for maximum liftoff velocity. + +Apes and Retards, Buckle Up. We are going to Uranus. +I apologise in advance as there have been so many of these posts but I think it's useful for newbies to read this, as it was for me. + +After initially reading the famous flowchart I reluctantly decided that it might be a good idea to put aside some money in an emergency fund. I honestly didn't see the point at first as I couldn't really imagine when I would need it. + +However, this week we tried to put our heating on and of course the boiler is broken and we need a new one. + +Fortunately, this is no problem as I have my emergency fund! And I've been doing a little happy dance in my head all day knowing that i can comfortably afford this. Especially as I have just got married and I was so close to spending every penny in my bank account on the wedding. + +So if there is anyone out there who thinks they dont need an emergency fund, please think again. It has saved my bacon. + +Thanks for reading :) +Just wanted to update everyone with the latest Medium Blog Post from the OriginTrail team. They are great at keeping everyone updated with everything that is going on. + +I have grown more and more bullish with this project with each thing I have seen. They really have the potential to bind the others together nicely! + +Their team has multiple people active in the telegram chat ready to answer questions at any moment and are taking suggestions and actually implemented them quickly! + +For a team with an actual product, masternodes info coming, a great team, an exciting roadmap... its hard not to see the huge value and potential of this project. I'm personally accumulating over 100k $TRAC to run a master node (the numbers haven't been released yet but I would rather not pay 2-10x for one when the times come) + +What are your thoughts on $TRAC? + +https://medium.com/origintrail/origintrail-report-on-market-development-2017-southeast-asia-and-china-532a7ee2a228 + + - **Official Website:** https://www.origintrail.io + - **Whitepaper:** https://origintrail.io/storage/documents/OriginTrail-White-Paper.pdf + - **Comparison Matrix (VEN, AMB, WTC, etc):** https://pbs.twimg.com/media/DUs_dKMWkAEb4F_.jpg + - **CoinMarketCap:** https://coinmarketcap.com/currencies/origintrail/#markets + - **Quora "Why is OriginTrail getting so much attention lately?"** https://www.quora.com/Why-is-OriginTrail-getting-so-much-attention-lately + - **Where to Buy?:** I have really enjoyed the MetaMask/IDEX pairing! It is actually pretty awesome! https://idex.market/eth/trac + +A bit of information from the $TRAC team about their ERP Integrations (this is huge for corporate support) https://media.discordapp.net/attachments/396736415259557928/407663663479128074/image.png + +--- + +Editing to provide some information as requested in comments! + + - **Current Market Cap:** Based on 290m circulating we are around 116-125 million and growing very quickly. Still early y'all! + - **Circulating Supply:** 290 million confirmed circulating supply. Team is in process of contacting CMC to resolve it not being listed. +As the title says - I live in upstate NY, I have a 6 year old son and I work an 8-4:30 job as well as an overnight job (10:30-7am) a day or two a week. I have 30,000+ in student loans that I almost never pay on (they defaulted about 3 years ago and I had my wages garnished. On top of that I had to enroll in a program through the company that owned my loans and ended up having to pay about $500/month between the garnishment and 7 months plan to get myself out of default). I'm always behind on my electricity. I claim a tax exemption of 4 federally and 3 state (instead of the typical 0) because I was afraid of not being able to afford my bills and ended up owing $1100 to the IRS (turned into a $25.00 a month payment plan). And now I'm terrified of lowering them, even though I absolutely have to, out of not being able to afford what I need to. + +I make $14/hr and work 37.5 hours per week with no chance of OT. I also work 8-16 hours a week at an overnight position that makes $11/hr. It's a temp position, so some weeks I don't work any hours. It's pretty sporadic, but I've managed to get at least 1 day a week on average. I'm making about $935.00 every two weeks at my day job, and $76.44 every week from the overnight job. + +Expenses - + +Rent $550.00 + +Internet - $50.00 + +Netflix - $10 + +Electric - $100 + +Cell Phone - $100 (upgraded to a newer iphone early last year where they tacked on an extra $12/month to my bill for 2 years) + +Food - $140 (I tend to spend more on Fridays when I pick my son up for the weekend buying the things he wants. I almost never eat out.) + +Gas - $120 give or take + +Child Support - $360 ($90/week. My son's mother and I never went through the courts. We decided on the child support amount and me getting him every weekend the moment that we split up 5 years ago). + +Car - $265.00 (I have $661.00 left on the car. So that's two normal payments and a smaller third payment. I was hoping to be able to make two larger payments over the next two months and have it paid off one month early) + +Car Insurance - $143.00 + +401K - $68.30 (I was automatically enrolled at a 3% rate). I know I never see this money in the paycheck, but would it be at all worthwhile to stop contributing at the moment and bank that money? +My car will be paid off in 2-3 months. When that happens I will have that $265.00 free as well as lowering my car insurance (as I wont have to carry full coverage any longer). I want to take care of my student loans. I want to put money in savings. I want to not have to work a second job any longer (as it tends to conflict with my son's practices and/or games). What do I lower my tax exemptions for federal and state down to (I ask because I have no idea how much the amount of money I get paid will change based on changing those exemptions in NY)? I've been a person that has always been horrible at paying bills because I have a fear of paying bills and then not having any money (stupid, right?). I always wait until the last possible moment, or even too long, to ensure that I have more than enough money to pay my bills. I pay my rent on time, every month, without issue. I've been in debt since I was probably 20 years old. I don't want to live that life anymore. I have a 6 year old that wants a father he can rely on. It's my job to provide for him for Christmas, his birthday, and everything in between. I grew up in a poor household where our Christmas gifts were delivered by a truck and labeled with stickers that said "To: Boy". I don't want my son to experience that life. I want to be able to afford a home in the not so distant future. Being broke and constantly anxious about it has put a huge damper on my life in general (social, dating, self confidence, etc...). + +I don't know that anyone here can help me change my life around. But I've seen so many people thank this sub for helping them climb out of debt and live a life of no/less financial stress, and I'm realizing (better late than never) that I can use all of the help I can get right now if I'm ever going to right this sinking ship. +Thanks! + +EDIT - Wow. Thank you Reddit. I spent yesterday evening, after I got home, getting all of my bills paid. I also set up payments for my student loans (again). I was also given great advice to look into IBEW, heating, and plumbing unionized positions to increase my income. Low income and a poor mindset are my two biggest issues. Reading all of your kind words and tips has been more helpful than any of you will ever know. You've inspired someone to really take control of his life to get to where he really wants to be for his son and himself. Thanks! +This post is not to be a brag at all, but I did want to share how my wife and I have been able to go from $0 net worth at age 22 to an approximate $650k net worth at age 30 while having three kids and 1 income most of the time. + +Some background on me. I was raised in a lower middle class household in a LCOL area. I went to public school and was able to get most of my college funded via scholarships. My wife and I got married and graduated from college with about $20k in loans. I was fortunate in that I lived with my parents for 8 months or so and was able to save up a down payment for our first home and pay off our school loans. This was in 2013/2014, and we were able to buy a 3/2 home in a LCOL area for $189k. The same has today would be worth $350k - $400k, so I understand that part of the story isn't really replicable. + +My wife worked in education and her starting salary was $33k in 2013. I worked in supply chain and my starting salary was $45k. We had our first child in 2016 and have had two additional children. We are done having kids, but it was always our goal to have kids early (we were both 24) and design a lifestyle where my wife could be a SAHM. + +**Education** + +* Wife - bachelor's in educaiton +* Me - bachelor's in accounting and an online MBA from an online "university". I was able to get this for free via a program with my company, but would not have paid even $10,000 for what I "learned." + +Our income history is below. You will notice our income goes down in 2016 due to her dropping out of the workforce. The large growth in income since 2018 comes from 2 promotions, one in 2019 and one in 2022. + +* 2013: $78k +* 2014: $85k +* 2015: $95k +* 2016: $80k - this is when my wife started staying home +* 2017: $86k +* 2018: $90k +* 2019: $115k +* 2020: $125k +* 2021: $135k +* 2022: $155k + +**Our current investments:** + +* 401k: **$150k** +* Post Tax Brokerage: **$175k** +* Roth: **$50k** +* Fundrise: **$25k** +* Cash: **$50k** +* Total Investments/Cash: **$450k** +* Home Equity: $200k - this seems to go up every month by $10k or so. I do not count this in my FI number, but do count it in my net worth number. +* I did have a rental property at one time, but recently sold the property. Although the returns are great, I personally did not like the hassle of dealing with tenants in the area I owned the rental home. +* Most of my investments are in an S&P 500 based index fund. I do have some in alternative investments (less than 10% of total). + +**Expenses** + +We currently spend about $60k a year, which does include preschool for some of my children. My mortgage (not including PT and I) is less than $1,7300 a month on a 15 year mortgage at 2.375%. I refinanced last year. I currently owe $245k (including a HELOC at 5.5% interest) and plan to pay the loan off early, although about $1,000 of the payment each month goes to principal. I know this is not the mathematically optimal strategy, but I am personally debt averse. I sold my first house in 2015 and bought my current home to upgrade to a larger home with an additional bedroom. One of my only financial regrets is not keeping my original home as a rental. I think I would have an easier time finding quality tenants where I live than where my other rental properties were located. I would guesstimate my home is worth about $450k, but could probably get a little more. We have no intention to move at this time. + +Although we could spend less, I personally feel like our budget is fairly tight with three young kids. I own both of my vehicles with no loans. My vehicle is a 2008 toyota and my wife drives a 2016 honda. Total value of vehicles is probably about $35k in a "normal" car market. + +**Career** + +I have stayed at the same company my entire career. I work at a Fortune 200 company in a MCOL area with decent benefits and decent pay. I work from home 90% of the time, I have minimal stress and I enjoy my job. As of right now, I will be able to continue working from home in the future. I do have direct reports, but I have been able to build my team and have 0 drama each day. I would guess that I probably "work" about 3-4 hours a day, although I do stay online for 8 hours or so. I am on a solid career trajectory and will probably be making $250k - $300k over the next 5-6 if I keep working. + +**FI Plan** + +Based on our current investments and savings rate, we will have about $1.1M - $1.2M in investments in the next 5-6 years depending on how soon I get my next promotion and market returns. I will be 36 or so and my wife is the same age. We plan to pay off our house at that point and will have about $1M in investments. We will also be done paying for any preschool, and our projected annual spending is a little under $40,000. The $20,000 difference includes projected inflation, and is driven by no mortgage/HELOC and no preschool. I actually think we could spend closer to $30k with no mortgage if we had to. + +I do plan to work in the future, but definitely not in the corporate world. I am not sure what this looks like yet, I would love to be some sort of life coach (I know that is frowned upon by some). I enjoy teaching/coaching others, but would want to set my own hours. My ideal life would be working 15-20 hours a week and making at least $40,000 a year to cover my annual expenses while my investments grow. I personally do not do well without some productive work each week, although I totally understand some people are not wired that way. + +I know this is not the most interesting story in the world, but I do think most of it is replicable for people with a college education. If you are 22, the biggest difference would be housing costs, I am thankful I'm not trying to buy a house right now. Happy to answer any questions if you have any. +For a little background I’m an EMT-B and I work for a pretty large private ambulance company roughly 2,00 employees. + +Anyways I was hired in august 2019 at $16.00 fast forward to March company wide all employees get a $2.00 raise. And the starting rate for new hires is now $18.00. That’s a 12.5% raise so ya that’s more than I would have received in 4 years, can’t complain. + +Now on the company website it states the pay scale start is $18.00 after year one it’s $18.48 year two $18.97 and so on. + +So here the issue, august comes HR forwards me a packet to fill out and a few other tasks in order to get the raise. Complete it send it in and I wait two month with no response. After some tracking down I finally got ahold of the person who I would do the review with at the end I was told everything is great you’re on track to receive you’re raise next august but as for this year you got the raise early in March. My qualm is going forward people who were hired 6-12 months after me will be receiving their annual raises before me. + +Should I contact HR, finance, or a different manager. Or do I keep quiet and just take the loss and wait until next year? If you’ve made it this far thank you for holding on, any advice would be greatly appreciated. +For the past days I made 0.5 - 0.75% of my capital every day but I am worried that a loss could wipe my earnings. I haven't lost lately and I believe it's because a combination of luck, somewhat good timing and picking good stocks, really. I trade momentum. + +I always risk 1% of my capital per trade so I think that means that I am currently risking 1R to get 0.5R (which is terrible I guess). + +I am not sure what to do. Should I continue trading the way I do and expect 0.5 - 0.75% each day. Or should I consider set my stop loss to half (0.5% risk) and expect 1% of my capital in return? Any other idea? + +Also, I often take a single trade with half of my capital in order to concentrate. Do you think I should use less per trade? + +I don't have much experience on this. Every feedback is welcome. +Good Day! + +Been trading a few years, and for me - consistent success only came after looking at what I was doing in the moments before and after hitting the 'buy' or 'sell' button (vs. Strategy). + +Big fan of Psychology when it comes to looking at the markets - both in terms of understanding how market participants behave and how that influences liquidity, and also from a personal perspective, the role of the amygdala and how it influences our decision-making. + +For example - Google: 'Amygdala Hijack', or of course, the pretty well known trading book by Mark Douglas, 'Trading in the Zone'. + +Interested to see how others have progressed in terms of the critical success factors, in terms of becoming consistent traders. + +**So the question is: Strategy vs. Psychology - if you had to pick one, what's the hardest aspect of trading for you?** + +Cheers. +Today, the great day of October 31st, 2022, there was a [volume of 23,828,123](https://finance.yahoo.com/quote/GME/)^^[1] for the stock ticker GME. With [66,344,494 remaining retail](https://www.computershared.net/?bot=scraper)^^[2] GME shares available to trade, this represents 35.915% of all legal remaining retail GME shares traded in one day. + +The Great Day Of | Volume | Remaining Retail | % of RR volume +---|---|----|---- +October 31 2022 ⭐| 23,828,123 ⭐ | 66,344,494 ⭐| 35.915% ⭐ +October 28 2022 | 7,997,051 | 66,408,302 | 12.042% +October 27 2022 | 2,303,302 💩 | 66,573,873 | 3.459% +October 26 2022 | 3,849,240 | 66,691,342 | 5.771% +October 25 2022 | 7,767,353 | 66,912,343 | 11.608% +October 24 2022 | 3,098,778 | 67,071,484 | 4.620% +October 21 2022 | 2,999,649 | 67,256,554 | 4.460% +October 20 2022 | 5,134,227 | 67,045,614 | 7.657% +October 19 2022 | 5,279,108 | 67,361,324 | 7.837% +October 18 2022 | 4,204,797 | 67,770,440 | 6.204% +October 17 2022 | 3,139,473 | 67,770,440 | 4.632% +October 14 2022 | 2,642,272 | 67,980,956 | 3.886% +October 13 2022 | 3,483,624 | 68,319,914 | 5.098% +October 12 2022 | 3,233,866 | 68,313,974 | 4.733% +October 11 2022 | 3,978,281 | 68,869,054 | 5.776% +October 10 2022 | 2,830,952 | 69,300,491 | 4.085% +October 7 2022 | 3,242,183 | 69,509,417 | 4.664% +October 6 2022 | 2,367,920 | 69,491,678 | 3.407% 💩 +October 5 2022 | 2,979,785 | 69,877,000 | 4.264% +October 4 2022 | 4,474,088 | 69,863,238 | 6.404% +October 3 2022 | 2,646,593 | 69,878,966 | 3.787% +September 30 2022 | 3,035,786 | 70,061,094 | 4.333% +September 29 2022 | 4,107,036 | 70,059,134 | 5.862% +September 28 2022 | 2,630,100 | 70,535,414 | 3.728% +September 27 2022 | 4,459,843 | 70,535,414 | 6.322% +September 26 2022 | 3,420,914 | 70,392,334 | 4.859% +September 23 2022 | 3,592,980 | 70,388,414 | 5.104% +September 22 2022 | 4,304,440 | 70,768,262 | 6.082% +September 21 2022 | 3,787,024 | 70,674,374 | 5.358% +September 20 2022 | 3,118,352 | 70,449,434 | 4.426% + +*lower Remaining Retail = "high score"* +*high scores based on recorded data beginning Sept. 20th, 2022* + +---- + +1 - https://finance.yahoo.com/quote/GME/ volume data from random time after market closes +2 - https://www.computershared.net/?bot=scraper Trimmed avg with all options turned on and Last Updated Sat Oct 29 2022 +Why does he feel the need to take time out of his day to tarnish bitcoin? Is it just a celebrity/important person thing to take it upon themselves to vocalise their opinion, or does he have some kind of incentive for doing this? +https://edition.cnn.com/2021/03/02/investing/china-banking-financial-bubble-intl-hnk/index.html + +> One of China's most powerful financial officials is sounding the alarm over a bubble in global markets. + +> Guo Shuqing, the Communist Party boss at the People's Bank of China, told reporters in Beijing on Tuesday that confidence in Chinese markets could be hit by volatility around the world. + +> "We are really afraid the bubble for foreign financial assets will burst someday," said Guo, who is also chairman of China's Banking and Insurance Regulatory Commission + +> ... +I don't see myself spending more than $40k a year. Obviously this can change depending on where life takes me, and emergencies and such down the line. With this, I would still have a generous savings account strictly for emergencies, so until something huge were to happen, I should still be covered. + +What I am wondering is if there is anything wrong with using a taxable investment account for the majority of my assets, and withdrawing \~$38,600 a year from that account. I am under the assumption that this would mean I would pay no gains tax as the gains would be considered long-term. If this was this case, would this be more beneficial for retiring early as I wouldn't have to take any penalties when withdrawing from a Roth, or having to mess with a conversion ladder? Is this too simple? I feel like there has to be an issue with this method. + +TL;DR - Have one taxable account with most of my assets, withdraw \~$38,600 a year gains tax-free. Never have to deal with withdraw penalties or Roth conversion ladders. Would this work? +Starting at the end of last year, I decided to really buckle down with overspending and not budgeting properly. In this, I managed to accrue a small sum in my savings account that I wasn't just transferring back to my checking before next payday. + +Unfortunately, life happens and my car needed an emergency repair. $400 worth, which nearly wiped out most of what I was able to save. + +At first, i was SUPER upset and INCREDIBLY disappointed that basically my entire savings was gone. But today I realized that emergency car repairs and "shit happens" expenses are exactly why I wanted to have the savings account in the first place! I would be short on rent or my car payment if it wasn't there. So now I'm thankful I had it more than upset that it's gone (for now!). + +My plan for this year is to get about $3500 in a savings account (roughly 3 months of expenses) and then I think I'm going to start saving to buy my next car in cash. +I thought this table was worth passing along as it was interesting to scan the historical inflation percentages. The 70’s and early 80’s was rocked with high levels, but other than 1991 & 2008, levels have been low to moderate. Last month we hit 5% and that hadn’t happened since 1991, the fed has remaining somewhat steady in their messaging but Janet’s recent comments *could* be a indicator. (She said a little inflation is ok) + +I just wonder how much higher it could go, and what exactly transitory means from this point forward. We’ve all seen constant rotations this summer and it’s been hard to get a grasp on where the market is moving. Are there higher levels of Inflation that can still warrant continued returns on growth names? Or are we entering a period of defense/value names? It’s a very interesting time. +Is this still a bear market? Is it a fucked bull market? What is even going on? When searching for possible reasons as to why it’s happening, most sources seem to suggest that it’s due to the uncertainty around a new covid variant. But wasn’t this kind of danger/threat always present? And why is going down „slowly“ compared to a harsher „crash“ like just a few weeks ago? My tactic is to HODL and DCA my coins/tokens anyway so it doesn’t affect me as much I feel, but I’m getting curious as to why my portfolio is seeing mainly red for a while now. +There are a couple post here that has the sentiment that crypto is the only road to riches. Given crypto's astounding track record and astronomical returns, it is not hard to see why. However this mentality is dangerous and limiting, as there are other viable investment opportunities out there. I am not dismissing crypto's endless potential as crypto has a decent proportion in my investment portfolio. + +Stocks, along with Bonds, are traditionally the slow and steady road to riches. The great thing about stocks is that even though it seems scary with so many different companies to choose from, there is no need to go in deep as simply buying an index fund ETF like S&P500 or MSCI World Index has shown to perform better than the average managed funds. There are definitely opportunities to pick stocks on companies that you understand well and get solid returns, but like I said, there's no need for it as a simple passive investing strategy of buying ETFs consistently over time will suffice. Even though the returns aren't as stellar as crypto, it is much less volatile and has a much longer proven record of over more than hundred of years of long term returns. Instead of throwing everything into crypto, it's better to have some allocation into stock/bonds for diversification. + +Investing in yourself, learning new marketable skills like design, coding, marketing etc., getting a trade certification, buying workout equipment, getting a gym membership is also be highly valuable as improving yourself not only allow you to earn more, which you can then invest more into crypto, and having a more fulfilled and more healthy lifestyle will allow you to enjoy the fruits of your investment and labour. + +There are also plenty of other investing options like real estate, gold/silver, and starting your own business, each with their own characteristics and risk/reward that can be considered too. Like the internet and crypto, who knows what innovative new opportunity is going to arise? + +My point is crypto is not the only road to riches, and it is important to keep an open mind and take up any opportunities that arises, but don't forget to do your due diligence at all times, or like this sub like to call it, DYOR. +I receice a job offer for a job I would really like to do. Unfortunately the salary is less that what discussed, and less than the industry average. I would like to ask for 5k above this salary, but doesnt want to sound greedy. Thanks ! + +Edit : Thanks everyone for the advices, I feel much better now asking and can find a few ways to start the conversation with the employer. To answer some questions : Salary offer was 45K looking for 50k (so a little more than 10%). Its in the Marketing industry in Montreal (Canada). I have a degree in marketing, worked in agencies for 4 years. I already have a job so I'm not in trouble if the employer doesn't accept my counter-offer. Once again thanks ! +&#x200B; + +[Which stock matches to this rapid rise in borrowing costs?](https://preview.redd.it/stox2jd0mto81.png?width=1320&format=png&auto=webp&s=08a3c71f5d6b27f3e7729a134d5606e360167a3c) + +And as a bonus game, can anyone describe what happened to said stock last time the borrow fee exploded upward so ferociously. I'll give you a hint ... think January 2021. Need another hint? There was once a very famous YOLO post on Wall Street Bets about this particular ticker. In fact, I think it's the most awarded post on all of Reddit. + +Give up yet? + +................................... + +Edit: Today go good for you? Nice, right? Great! Now consider DRS'ing (direct register) your shares of GameStop with COmputershare, GameStop's transfer agent. Then the shares will be in your name and can't be lent out, and can't be synthetic or an FTR (failure to recieve). GameStop has already published the fact that fewer than 126,000 investors own 8.9 million registered shares (as of January 29, 2022). They published these numbers in their recent 10-K. Here's what those numbers mean: + +https://preview.redd.it/dm42l6yib0p81.png?width=2334&format=png&auto=webp&s=311a6b17ecbd5c6bad895efe2f81f7d571ebd027 + +&#x200B; +Anyone who has strategies/tricks to gain an edge over market will not be sharing them on a public Internet forum, unless they're done making money or the strategy/trick doesn't work anymore. + +This is a good place to learn how to avoid losing money, but not good for making money. There's nothing wrong with that, but if anyone's looking for something that'll give them an edge, they're not going to find it here. I approve of the advice for retirement accounts and diversification, and setting up a solid investing base, but I dislike the posts that pertain to what specific stock/commodity/product to invest in. + +Anyone who has the real answer will either not share it, or if they share it, will get heavily downvoted - the best trades/investments are contrarian in nature. + + +I am looking into buying a significant amount of t bills due to some money I recently came into (600k abouts). I need the money in the next 2-3 years so I dont want to invest in the stock market but t bills + +1. Is it better to buy directly from [Treasurydirect.gov](https://treasurydirect.gov/) or is TD ameritrade a viable option? +2. I saw the most recent auction for the 13 week was 4.155% on 11/17/2022 . Is it worth dealing with a government website when I can just park my money in capital one earning 3%? +3. Anyone ever had issues with [treasurydirect.gov](https://treasurydirect.gov/) releasing money back to your account after maturity? I've read some people here of wanting bank medallions issued, etc... +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. +Kinder Morgan forecast to raise dividend by 60% for 2018, the first increase since December 2015. The company slashed its dividend payment at the end of 2015 by 75% in order to cut costs and survive during the oil downturn. +The company plans to increase its dividend to $1.00 per share in 2019 and $1.25 per share in 2020, a growth rate of 25% annually. +The board also authorized a $2Bil share buyback program. +KMI, that recently had successful IPO of its Canadian business, posted a 7% increase in revenue for 2Q17 to $3.37 bln. It earned $337 mln, a slight increase from $333MM a year ago. +A snapshot of the earnings here: https://alphastreet.com/bite/7b3d175 +PROS: +1) I do not accrue interest on student debt +2) I do not have to worry about my student debt + +CONS: +1) I do not get to "build credit"? +2) I will not have 63k sitting around. + +Any suggestions? + +EDIT: Thank you all kindly for posting. I have an appointment with a professional to discuss this further. I suspect that his advice and that my action despite his advice will be to pay off student debt, but I will withhold judgement until I talk to him or her. + +I was the manager of a company about 3.5 years ago. While working there they issued me a company credit card to use for business purposes. When I quit I handed over the card and was told they would cancel it and have someone else take over the account. Today I ordered a credit report and saw that same credit card is still listed as active and has been used continuously for the last few years. They have always paid the bills in full and don't have any late payments but it says personally guaranteed on the description on the credit report. I called the company and they said they have been trying to get it switched but didn't have any managers who qualified for that level of credit. They asked me to give them until Friday to get it sorted. Is it legal for them to even use it? Should I call and cancel it asap? Should I give them until Friday? Any advice would be greatly appreciated. +**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. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +**I really don’t think enough apes are listening and realize the sense of urgency that’s needed. Don’t give the hedgies “one more day”!** + +#RIGHT NOW !!! +Get off your butt, turn off the video game, the TV, the porn, or whatever else you’re doing and get on whatever social media you know how to use and **spread the word about how critical DRS is to all the people outside of Reddit** that already own GME. Also, get the word out about GameStop’s fundamentals and turnaround plan to those that aren’t already investors. Twitter, FB, Instagram, YouTube, Stocktwits, Financial apps, etc., etc. If you don’t know how to use any of these, please learn or ask. I (somewhat) figured out Twitter just so I can do this. I’m old and tech-challenged, so I know if I can do it, anybody can do it. I’m here and happy to help you in anyway I can, either by telling you how to use these things, putting you in touch with another ape who can, giving you scripts or phrases to use, whatever…comment below and I will answer/help. I already hired an assistant months ago to run my business specifically so I can spend many hours a day every single day here helping others and learning. Other than the Gospel, there is nothing more the important than this! +#Changing the world is what’s at stake!! + +**Please do this as much and as frequently as you can.** Who can’t tweet a few times a day or week? +This community has made it clear what it can do when it puts its hive mind to it!! Do your part. Join the fight. The one person you “reach” could be that special person that has $millions or that will reach 1000’s of others!! + +**Try one of my Twitter scripts:** https://twitter.com/millertime1216a/status/1495553243014905856?s=21 + +#For anticipated negative nellies in the comments: this post is not DRS bullying or even urging to DRS, it’s about educating the masses outside of Reddit!! + +Link to an ongoing post of mine: + +https://www.reddit.com/r/Superstonk/comments/szhnfo/im_going_to_keep_saying_this_updated/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf +CS, RC, DFV, etc... NONE of them can openly tell us what the float count is if they are privy to such information. They can't blatantly give us clues, details or otherwise provide ANY information pertaining to the registered share count. They can't openly cheer us on, help or possibly implicate themselves for catalyzing a substantial financial movement- PERIOD. + +BAD FOR 🦍. + +Computershare is the primary transfer agent of hundreds, if not thousands of other companies. They don't have time to waste trying to answer your questions that do not pertain to business when they have shares needing registered. + +Stop being counterproductive! Stay on the topic, spread the DD and don't push apes into registering. They are fully capable of making those decisions for themselves. + +MOASS happens when it happens. Quit being impatient. + +Edit: Think of it this way... If the SEC claims to be doing an "investigation" and GS openly says/does anything that could trigger MOASS, that looks bad. IMO the NFT is being reserved as a last resort if the investigation "report" is bogus and GS invokes their fiduciary duty to protect us - even from the SEC. Otherwise, it will take a registered float *and shares needing to be rejected* to confirm a substantial naked short position to either A. Demand a share recall B. Release the NFT. + +SEC claims to have found nothing > Release the NFT > Where did all these shares come from then? + +Now you're implicating the SEC for covering it up. + +RC *wants* to believe the SEC will protect investors, but also wants us to give GS a good reason to overstep the SEC and take action because he knows they're just as useless as we do. + +Feel me? +I’m just curious to see what some of you guys have “won” off of in the past. I’m not looking for anyone to shill their *current* altcoin favorites either. I’m specifically interested **only** to hear about any monumental gains you’ve made off of an altcoin that you dumped a ton of fiat into. I’d assume most of you would rather give percentages rather than the fiat amount so I’d encourage that. + +Things I’d also like to know in your comment: + +Did you hold conviction with the crypto’s utility or use-case(s) prior to your entry, or was it just a YOLO because you thought it would catch hype? + +Did a low market cap/circulating supply affect your decision to buy in? + +What was your entry and exit price (if you remember)? + +Did you sell near the top or hold through the pump and become a bag holder? + +I’m interested to hear your stories! + +Personally, I threw a decent amount into a low market cap alt (won’t reference it specifically to avoid a shill) a few months ago and was up over 650% after about 45 days. I sold off a good amount and continue to hold 2.5x my initial investment. +The US has taken action on El Salvador about adopting bitcoin but also about our political decisions. + +In our country they have been openly asking for us to go back to the previous political administration that we had and to go back in our steps to restore the previous system we had, they want back the politicians that they used to control with money in our country. Like the US has been controlling our country and doing whatever they wanted since the civil war we had in the 70's when they influenced the government or even before in the 50's when they used to slave us and control the fruit exports from us and also started to control the corruption. That is a historic fact that everybody knows here in El Salvador and and a practice that they kept until the current government and they are still thinking that they can keep doing it, but we are a different society now. + + +It was revealed that the US tried to buy Salvadorian politicians recently and today we had a new protest with US flags everywhere (they don't even hide it anymore). The politicians who had accepted money from the US in exchange for decision power are being processed by our laws and El Salvador just opened a new media channel to fight agains all the fake news that come from Washington DC, for now one of the first El Salvador news in English is this: + + +[El Salvador news English](https://elsalvadorinenglish.com/2021/12/12/salvadoran-political-opposition-fails-in-a-march-called-against-nayib-bukele/) + +Edit: I also forgot to mention that they removed the ambassador and the "foreign" businesses delegate that they had in our country saying that our relation is "complicated" now and tried to put fear in the population making them think that the US is now against us. But the people now sees their government like the interventionists that they've always been, we are in peace with their people because a lot of their citizens are also our family but we're disliking their government. +Hi everyone, + +I learned investing stocks from ASX\_Bets and I started from November 2020, last year. + +As 8 months past from my first investing, I have a question for my self. + +Am I doing it right? + +My current holdings are: + +ASIA, VAS, HACK, TLG, Z1P, VML, NVX, RBL + +I've invested total $27K($11k in ETFs $16k for the rest) and now it's -4%... + +and of course My ETFs are outperforming the individuals stocks (except NVX) + +Plus I have to say that I love the dividend from etfs.... + +I have a strong belief on potential growth of my individual stocks for the future, + +but I keep thinking 'what if I started all my $27k into etfs?' +I feel like I'm lost... + +Please give me some advices because I know there are many smart people here not like ASX\_Bets... +I took a 4 month break from crypto and when I returned almost all are down except for ETH and BTC. It’s also that during that time I realized there are other better things I can do than to follow each movement of my alts daily. + + +So moving forward it’s just alternate DCA for these two. I won’t be selling my altcoins either as it’s not wise for me to sell them at these losses and I don’t really need the fiat. + + +PS. I’m not saying altcoins are a bad investment for everyone else. Just don’t lose yourself and too much time in it chasing that 100x. + + +Cheers to those who are still here. +As we all know, Patient Access Solutions ($PASO) delayed their merger which was supposed to happen today. I posted yesterday, putting hours upon hours of research and my own DD and I compiled it and made a post about it in this community. + +Fast forward to today, as they delayed their merger, I started to receive loads of hate and blame, people calling me "scam", "fraud", and people saying to "ban him." I understand why people are mad: I get it. But what I don't understand is that everyone is blaming me for their financial investments. All I did was post my DD onto the community, simply sharing it to all of you guys. + +At first, I got loads of great feedback and people saying that they invested. That's fine. Nothing wrong with that. + +Then, after all goes wrong, I start getting loads of hate and blame. Blaming me? For what? I gave you all the research and DD that I did, and simply came to an educated conclusion regarding what I think. + +If you ever solely rely on one person on Reddit for your investment decisions, stock trading isn't for you. It's that simple. You can't always get spoon-fed all the DD and complain when it goes south. How does that make any sense? + +And for the people that don't believe that I bought into the company, here's the evidence below. + +&#x200B; + +https://preview.redd.it/40f6cc0h04b51.png?width=750&format=png&auto=webp&s=81f9cac9e1eff20d765caa0dc605a85ea5af8c3c + +**Conclusion:** + +I understand why people are mad. I do. Lots of money was lost. I lost a lot as well. However, it is simply ridiculous to point all the blame towards me for your investment decisions. + +Thank you for understanding, and with that, I will be taking a break from stock trading for a while to simply rest and regather my thoughts. Hope you guys understand. + +EDIT: Thank you for all the kind comments and words of support, it’s means more than you guys could imagine. +Shares of Facebook parent Meta jumped in extended trading on Wednesday after the company reported earnings that topped estimates even as revenue disappointed. + +Here are the results. + + - Earnings per share: $2.72 vs $2.56 expected, according to a Refinitiv survey of analysts + - Revenue: $27.91 billion vs $28.2 billion expected, according to Refinitiv + +Wall Street is also watching other key numbers in the Meta report: + + - Daily Active Users (DAUs): 1.96 billion vs 1.95 billion expected, according to StreetAccount + + - Monthly Active Users (MAUs): 2.94 billion vs 2.97 billion expected, according to StreetAccount + + - Average Revenue per User (ARPU): $9.50 expected, according to StreetAccount + +The stock was up 13% after hours. + +Meta reported daily active users (DAUs) on Facebook that beat analyst estimates after reporting its first ever decline in users on record last quarter. + +[Source (CNBC)](https://www.cnbc.com/2022/04/27/meta-fb-q1-2022-earnings.html) + +Additional Notes from SA: + +Revenues rose 7% to $27.9 billion, while analysts (even after a number of downward revisions) had forecast 7.8% growth to $28.2 billion. + +Net income declined just 21% vs. expectations for a 24% drop, though. + +In operating metrics, daily active users rose 4% to 1.96 billion, topping expectations there, while monthly active users rose 3% to a generally in-line 2.94 billion. + +Family daily active people - the metric that looks across Meta's family of apps, including Instagram and WhatsApp - rose 6% to 2.87 billion on average for March, while family monthly active people also rose 6%, to 3.64 billion. + +Earlier, a flash slide in Meta's stock happened when an erroneous headline moved on Bloomberg terminals saying the company had guided Q2 revenues to $27 billion-$29 billion (that actually was its guidance for Q1, issued with fourth-quarter earnings). + +It's actually guiding to Q2 revenues of $28 billion-$30 billion, still a bit shy of consensus for $30.69 billion. That's due to a "continuation of the trends impacting revenue growth in the first quarter, including softness in the back half of the first quarter that coincided with the war in Ukraine," as well as expectations that currency changes would provide a 3% headwind. + +The company sees 2022 total expenses in the range of $87 billion-$92 billion, down from a prior outlook for $90 billion-$95 billion, with expenses driven mainly by Family of Apps rather than Reality Labs. And 2022 capital expenditures are forecast for $29 billion-$34 billion (unchanged). +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. +The mortgage for my duplex (I'm an owner/occupier) was sold to Fannie Mae from Wisconsin Mortgage Company (serviced by WHEDA). I know that selling mortgages is common place so that wasn't much of a surprise to me. However, they are now telling me my PMI release amount has changed. Initially the mortgage balance had to reach 80% of the original value, but now they are saying it has to reach 70% of the original value. I have paperwork stating that the PMI release amount was $98,800 rather than the new $86,450. Their response was: + +"As your loan was sold to Fannie Mae, WHEDA as the Servicer, is required to follow their rules regarding the cancellation of PMI along with the Federal PMI Cancellation Laws." + +Can they do this?!?! Any insight would be helpful - who can I even reach out to to confirm this information (other than reddit). It does not seem right to me that my mortgage can be sold and components of the agreement completely changed. +The prices of food is rising and its just really bad in my area. Before, I would shop for groceries once a month and it might be $80, up to $120 if I eat out a few times. + +I've started eating only on weekends but somehow it still runs up to $60 a month. I live alone so this money is pretty significant to me. I'm unemployed but *actively looking and applying* for a new job so I feel stuck. + +Welcome to Scooby-Doo Inu ($SCOOBY) + +From the Owners of NFTLootBox.com (http://nftlootbox.com/) + +Scooby is an Experimental DeFi Token with Automatic Liquidity Generation and Token Redistribution on each trade. + +⛓ Binance Smart Chain +👨‍👩‍👧‍👦 5% of Each Trade Redistributed to Holders +🚀 5% of Each Trade Added to Liquidity + +Please set 11-13% Slippage when buying. + + 🚀Buy On PancakeSwap +📈 PooCoin Chart +📊 Dextools Chart +☎️ Telegram +🐦 Twitter +📖 Medium +💰 Telegram Price Channel +🌍 ScoobyToken.com +🔥 50% Burned on Launch +✅ Doxxed Team +👨‍💻 Github +💻 BSCScan + +Contract Address: + +0x86f5a70511b55186bbbe8276b02340b2aba9e4a5 + +🔥Burn Transaction Proof 🔥 + +https://bscscan.com/tx/0x729dd0bdf13b31e308c20e59fa4bab534589a0f7ded749920ffba63eba8cc582 + +Support $SCOOBY By Donating: Community fund + Marketing Wallet: 0x3c83903C47f625ab078e8E6D868A2A82299d0E6b + +Note: + +This project was started by the Loot Degen Club. + +Members of the Club need to hold at least 5 Loot tokens (ETH network) + +Current access to the room is controlled by the Collab.Land Bot here https://telegram.me/collablandbot?start=VFBDI1RFTCNDT01NIy0xMDAxMzkwOTcyMzc5 + +The bot will READ your Eth wallet to grant access. + +Join Us for the latest Degen Plays. +I wanted to pick people's brains a bit. Are there any innovative ways people have tried to save money as a single-income household? For example my scenario - on a decent wage for the area where I live supporting wife and two small kids. + +Other than more obvious things such as budgeting, grandparents for childcare etc - how are people saving money? +Nobody's advice is going to perfectly suited for your personal situation. + +Given that, why the hell is there so much hate on MMM around here lately? There is a shit ton of practical information on that website, from the immediately tangible (how to save on grocery bills, utilities, how to start up aquaponics) and the philosophical (stoicism and FI, why saving is about more than just you, it's also your community and environment) as well as interesting perspectives on savings and value (making every $10 count, looking at the long term value of money save via compounding). + + +Sure sometimes he can come off as pompous due to his writing style, but not nearly as pompous as the people around here who enjoy shitting all over him for no clear reason. Can someone please explain to me why it's suddenly the "in thing" to bash his blog and his FI strategy, which has helped thousands of people turn their shitty consumerist lives around? + + +EDIT: instead (or in addition to) downvoting this post or my comments, please speak your mind! +I am 27, have recently been promoted and I will now be earning £60k + +Took out a postgraduate loan of £11k 3 years ago which has been gaining a lot of interest + +Just wondering if those in a same/similar position would consider putting some money aside to pay off loan? + +Edit: Just to confirm this is the postgraduate student loan that the govt gives out to cover tuition fees. +Phillipson Hardwick Advisory LTD is the company name mentioned in the 'HMRC' letter (ran out of space in the title). + +On the reverse of the HMRC letter is the company she used to work for and pension scheme allowance figures which seem to tally up. HMRC (if it's legit) say she's owed £xxx back and they've sent a copy of the calculation to Phillipson Hardwick Advisory LTD + +Her address and 4 digits of her National insurance number are on the letter + +She has since received a text message that can't be replied to with a link to follow and an email with a link to follow to verify. + +I've done a search on Phillipson Hardwick Advisory LTD and they seem legit from what I could find + + +We are both just a little concerned because I thought HMRC sent you a cheque directly? And you hear so much about not clicking on links (scams). She's never had any previous dealings with Phillipson Hardwick Advisory LTD. + +Is this legit or should we enquire with HMRC? + +(Edit: changed check to cheque, silly me) + +Update: Gf has phoned HMRC, she says it seems as if the woman she spoke to knew what was happening + +HMRC are looking into her case, they haven't yet confirmed or denied if any money is owed + +They received an official form from PHA that my gf had signed agreeing for PHA to act on her behalf, they are posting this out to her tonight and if she doesn't recognise it she is to contact Action Fraud immediately. + +HMRC have put a note on her file saying if there's ever any money paid out it's not to go to PHA or any other company. + +No cheque has been posted to PHA + +Finally I did some more digging to see if I could find how long PHA have been operating and if I'm reading this right, it seems to be around 2 years and they were previously called Ninth Circle +https://find-and-update.company-information.service.gov.uk/company/12557258/filing-history +https://www.thedrive.com/news/31761/enormous-costs-of-new-tractors-drive-demand-of-40-year-old-equipment-to-all-time-highs?xid=fbshare + +In this piece by *The Drive*, the author proposes a scenario in which John Deere slowly loses its customer base by creating a technologically advanced product, raising prices to the point that older loyal customers are turning to secondary used markets to fulfill their equipment to needs. + +Agriculture has long been an industry participated in by few, but contributes the sustenance of many. Ag has high upside when producers can maximize efficiency, find production equilibrium with supply needs through economies of scale (which allows for fewer producers to need to play and those producers increase the size of their enterprise). But in order to really make economies of scale advantageous, it requires mechanized help. + +John Deere tractors are your flagship tractor. When you think of tractors, the green with yellow accented behemoths tilling those fields are probably the first that come to mind. But what happens when farmers begin to look at secondary markets to satiate their equipment needs when the producer of their prized equipment no longer is working with their customers to meet their needs? + +[Newer models can run upwards of $300,000 for a rig](https://www.fastline.com/farm-equipment-for-sale/listings/john-deere-tractors/results?category=Tractors&manufacturer=John+Deere&minprice=220000&page=1) even on the used market. Why pay $200,000+ for a machine that you could buy for $30,000 thats 40 years old? In fact, farmers are turning to these older machines because they are less complicated to fix. But the demand for those older models are actually driving up the prices in the secondary markets because sellers realize how valuable their old machines are becoming. + +John Deere tractors are becoming more technologically advanced, but this may not be a good thing. Deere is raising the prices of their machines, and making it such that farmers are looking to used markets to find older machines. If you’ve ever worked on an old car, you can think of it in the same manner—the older tractors are very barebones and mainly mechanical. If you understand how to repair the machine, it’s a fairly straightforward process. + +Not only is the upfront cost a factor when it comes to investing in one of these machines, but maintenance repairs is a contributing factor. These newer machines have technological locks built into the operating systems that limit private owners from performing their own repairs on the machine, forcing them to contact the dealership, have them send out a mechanic representative at the dealerships convenience, potentially holding up production for extended periods of time. This puts the farmer’s operations at a reduced level unnecessarily, and at a greater cost, than what they normally would repair themselves. + +Due to this, farmers have found an outside solution to this roadblock Deere corporate has put in place to lock the technology systems of the machines: [Ukrainian software hacks.](https://www.vice.com/en_us/article/xykkkd/why-american-farmers-are-hacking-their-tractors-with-ukrainian-firmware). [October of 2016, buyers were required to sign a licensing agreement forbidding the repair and modification of farming equipment.](https://www.deere.com/privacy_and_data/docs/agreement_pdfs/english/2016-10-28-Embedded-Software-EULA.pdf) + +Is John Deere alienating one of its leading sales segments? With international trade agreements being formed, amended and expanded—soybean, grain and corn is going to be in great demand. Farmers are going to need equipment that fulfills their operations, small or large scale. These new equipment prices, in addition to prices to maintain the machines, are going to be passed onto consumers, ultimately driving up prices for some of our most common goods. Why pay more than you have to for a machine today when one three decades old can be refurbished and folded into operation for significantly less cost? + +According to their financial statements, FY 2019 revenue was the first year since FY 2014 that it was greater. Bringing in $39.26B in 2019, 8.9% greater than the second highest year this decade in FY 2014 at $36.02B. $DE’s brought in a net profit of $3.25B in FY 2019, up 2.8% from FY 2014. FY 2015-2018 all showed negative growth from the peak in 2014 if omitting 2019 data. + +With John Deere and Caterpillar ($CAT) being some of the leading manufacturing segments in the United States, is manufacturing at risk if $DE doesn’t change their business model to be more accommodating to their customers? $DE and $CAT are both major construction equipment manufacturers, with Caterpillar leading over Deere in that segment. + +From John Deere’s financial statements, they revenued $20,511B in Ag sales (84% of total sales), compared to construction at $3,831B (16% of their equipment sales). So clearly, their ag customers will have significant leverage if a portion of them begin to look in the secondary markets for used equipment they can fix themselves, or even if they purchase new equipment, but use this Ukrainian hack to crack the operating systems of their machines and fix it themselves. + +With agriculture being Deere’s most prominent segment, if they don’t begin to accommodate their farmer customers more carefully, $DE could begin to face sales pressures in the next coming years. The commodities will be needed to be farmed with or without Deere, so will they bend the knee? Or continue in an adverse customer-producer relationship that ultimately may hurt the company. If Deere doesn’t change their business model, they may eventually price themselves out of the market. + +TL; DR: if John Deere doesn’t start making efforts to work with the customers as opposed to trying to squeeze every penny out of them. +I am BRAND NEW to the stock market and would simply like to know the best (easiest) way to get my foot in the door and start investing. Any and all advice would be very helpful. Thank you! +There are commissions fees, closing cost, inspections, (not looking for a new build) if something happens i.e. roof, water heater etc. + +I'm single just turned 39, spend most of my life not holding down a real job trying to pursue an art career but I finally just got a real tech job and get paid well now with benefits etc. + +I've been maxing out everything for almost 2 years now while saving for a multi family house but it seems I can't catch up! In my area seems like just for a decent SFH it's around $300-400k + + +How much would you save for a down-payment? I have about 80K saved because honestly I don't want to purchase a SFH but a duplex and those are going for about 600-800k in my area and they a very rare!! Not a lot in my city. + +Should I still hold out on my goal of buying a duplex of multi family or bite the bullet and buy a SFH. Just want some advice because rent is getting stupid in my city as well. Crap places are under 1300 and anything decent is 1500 that isn't a lock stock apartment complex and one major thing I need is a garage. + +Any advice and perspective is welcome. Reason I want a duplex is because my mother is getting old in her 2 story house so I'd rent that out use some of that income to fund monthly payments for the duplex and put her in it. Thanks +[https://www.bbc.co.uk/bbcthree/article/2b3f3f67-2338-4253-b7f5-a36192885492](https://www.bbc.co.uk/bbcthree/article/2b3f3f67-2338-4253-b7f5-a36192885492) + +You have seen these stories from the Daily Mail, now the BBC plumbing new lows in journalism. + +Yes, this guy is a scammer. Yes, this post will probably lead to him lifting a few hundred K from people. No, I have no idea why journalists keep printing this shit (some of these guys have gone to jail...this isn't a new scam). +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. + +[Pricing](https://www.betterment.com/pricing/) + +Betterment has gone from .15% for balances over 100k to .25% for all account balances on their new Basic/Digital plan. + +1. Since according to IBKR and their boss, last spike was only due to gamma, means most of them weren’t even covering at the time. +2. Remember that they had to inject 33 MILLION SHARES(MINIMUM) just to keep the price down last Friday, alone that’s 66% SI if you think that they actually covered all that shit last time. (But if you thought that, that begs the question why did the price spike again, and why are they still using every dirty tactic to keep it down below strike prices? I.E. Cramer, short ladders, crying hedgies) +3. Many say that the 50 million volume during the spike was the squeeze but if you believed at least premise 2 which is backed up by data that is being monitored and cannot be avoided by hedgies. Then we had 140% SI at start, got down to 40% SI if they covered at all, and jumped to 106% SI last Friday on their push to <100 +TLDR: Hedgies are fucked even in the worst case scenario we are 106% SI still. We ain’t finished yet boys. They could still play the long game and cover before key strike and sell prices are met though. What does that mean??? They know 800 was an important target for us so they might only cover till it jumps to 700. They know 1000 is where a lot of us may start shaving off so they might cut it at 900. 69420 is a popular price they think people will pull out so they pull out at 60-65. +In conclusion: they may think their pullout game is good enough to avoid getting the ass blast of a century, but if that were true, they wouldn’t have gotten buttfucked to begin with. + +Edit: +Forgot to add 20@ 85. Waiting till 40-70 to reload +Brief back story: UK citizen currently living in Perth, Australia. 30 years old. Have a mortgage here $500kAud. Just had a baby. As you may imagine, having a baby and not being able see family due to the current situation is making us incredibly home sick (no one has even met my daughter). So we are looking at moving back to the UK in the next few years when things have hopefully settled a bit. + +So naturally I'm looking on Rightmove to see what the current housing market is like (Midlands) and to get any sort of decent house you're looking at £300-400k. And from what I've read online and posts on here, banks are currently lending roughly 4x your wages. So unless you and your partner are on £50k a year each, are these houses pretty much only available for 2nd+ time buyers who have equity in their own home? + +Sorry if this just sounds self explanatory, but when I'm looking online there are some really mediocre houses for like £250k lol! The UK housing market just seems crazy over priced, am I missing something? + +EDIT: Thanks for all your replies, I've made a comment below to try and answer some of your questions, cheers! +It's budget day! + +The mods will be enforcing all rules as normal, with a slight relaxation of the politics rule for this thread only. + +An example of an otherwise rule-breaking comment that we might allow: + +> This budget is at odds with the conservative party's approach over the past few years. How are they going to deal with the national debt? + +Examples of comments that we won't allow: + +> OMG tory scum blah blah blah + +> Keir can stick that in his pipe and smoke it + +> Landlords/tenants are scum/amazing and should/shouldn't be helped out in this way!!! + +> eAt tHe rIch!212! + +> BUY DOGECOIN ITS INFLATION PROOF1181! + + +News: + + * https://parliamentlive.tv/event/index/a491e75e-ca0c-493c-8d5f-355dfd2adcf3?in=12:34:40 + * https://www.bbc.co.uk/news/live/uk-59035120 + * https://www.ft.com/content/22c1bb77-5660-42fa-9c33-cfea8163ca0f + * https://www.theguardian.com/politics/live/2021/oct/27/autumn-budget-2021-rishi-sunak-spending-review-borrowing-live-updates + * https://www.independent.co.uk/news/uk/politics/budget-2021-live-sunak-speech-today-b1946033.html + * https://www.telegraph.co.uk/tax/news/autumn-budget-predictions-speech-rishi-sunak-what-to-expect/ +I was following the 10Q release and earnings call this week, and I have to admit I left the call feeling confused and a bit demoralized. Not questioning the DD, or my choices, at all, just feeling kind of deflated. + +Then y'all immediately set about re-jacking my tits with memes, DD, analysis, and basically a comprehensive explanation of what the hedgefucks did, within hours. This community feels invincible, and I just had to send out some appreciation. + +We are on the right side of history and I pity anyone still trying to prop up the disgustingly corrupt legacy system, now in its death throes. + +Love you all 💜💜💜 +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) + +NFT Marketplace [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [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! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [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! +This sub is the single most powerful investigative tool that has ever been assembled by far. Never in the history of mankind has there been a more diverse set of competence peer-reviewing each other's work, so that all angles can be scrutinized and improved upon. The power of a worldwide crowd-sourced community that never sleeps, never takes a day off and never bends to the will of any one entity is the future of true democracy. + +Ladies and gentlemen, we are the template for all just causes of the future. No matter if it is us or others, we have shown the way for what is possible and how to achieve it. Of all the things I have ever been a part of, this is by far the most important, and I thank you all and myself for the unwavering resolve shown in the face of pure oppression and unfairness. + +Now slap yourselves on the backs for being awesome, and MOASS tomorrow. +This article got me thinking if this approach to charitable giving is popular. + +https://www.theguardian.com/money/2019/nov/09/i-give-away-half-to-three-quarters-of-my-income-every-year + +I tend to stick to giving one off or by direct debit to causes that resonate with me but this approach of researching what can have the most impact with your donation seems really sensible. I usually look into how much of their income actually goes on the service/cause but never really think about how impactful the intervention is. Givewell mentioned in the article seems like a really good place to start. + +Has anyone else taken a similar approach in setting a % of their budget to donate to charity? I'm not expecting everyone to be in a situation to do this, but if you are, I'm keen to know if there is a common %? If you are doing this, I'd also be interested to know what started you off? + +Obviously people have strong views about charities but hopefully we can keep this positive! +I have just found out today that my mum has had £6,000 sitting in a current account for over 15 years doing absolutely nothing. Accumulating nothing. Barely any interest worth mentioning, with no intention of adding any more to it or using it for anything. + +I told her about a LISA and Index Funds and that sort of thing, she was amazed that those things even existed! + +Please, if you know someone like this you need to educate them. They don't know that there are other, better ways of saving money. I don't even want to think about how much money they could have made over the years by just letting it sit there as they already have been. +Finally some clarification for the self-employed. + +From the update on 26th March 2020: + +* Self-employed income support scheme introduced to pay a taxable grant of 80% of average monthly profit within the last three years capped at £2500/month +* Available for at least 3 months +* Can claim the grant and continue to do business +* HMRC will contact you directly and the grant will be paid directly into your bank account +* Self-employed people can access business interruption support +* Covers 95% of self-employed people + +&#x200B; + +>Rishi Sunak says self-employed people facing financial difficulties will be able to have 80% of their monthly wages covered by the government. +> +>He says this will be calculated using average monthly profits over last three financial years. +> +>He says support will be capped at £2,500 per month, and will initially last three months. + +[https://www.bbc.co.uk/news/uk-52053914](https://www.bbc.co.uk/news/uk-52053914) + +&#x200B; + +**Edit #1:** + +* To be paid in June and backdated to 1st of March. If you're struggling for money now, you are encouraged to look at the other schemes such as Universal Credit and Business Interruption Support loans. + +**Edit #2**: + +Government article: [https://www.gov.uk/government/news/chancellor-gives-support-to-millions-of-self-employed-individuals](https://www.gov.uk/government/news/chancellor-gives-support-to-millions-of-self-employed-individuals) + +**Edit #3:** + +* The scheme will be open to those with a trading profit of less than £50,000 in 2018-19, or an average trading profit of less than £50,000 from 2016-17, 2017-18 and 2017-18. + +**Edit #4:** + +* This scheme is only available to those who have earned majority of their income from self-employment. + +**Edit #5:** + +* Those who pay themselves a salary and dividends through their own company are not covered by the scheme but will be covered for their salary by the Coronavirus Job Retention Scheme if they are operating PAYE schemes. + +**Edit #6:** + +* Just discussed on question time: If you've got less than one year's account, you are still asked to provide as much detail of income as you can and the government will do their best to help but there is no guarantee. + +**Edit #7**: + +* Question Time on the update (more discussion regarding **Edit #6**): [https://www.bbc.co.uk/iplayer/episode/m000gpnd/question-time-2020-26032020](https://www.bbc.co.uk/iplayer/episode/m000gpnd/question-time-2020-26032020) + +Article: https://www.creditkarma.com/insights/i/fomo-spending-affects-one-in-four-millennials/#editorialnote + +Methodology: + +Online survey of 1,045 U.S. consumers between the ages of 18 and 34 during February and March 2018. + +Avg Debt Calculation = Total debt across U.S. 18-34 y.o. members of Credit Karma (CK) for March 2018 divided by total number of U.S. millennial CK members for the same month. + +Summary: + +Key Findings: + +39% of respondents spent money they didn’t have to keep up with their friends. + +73% of those who went into debt to keep up with their friends typically keep it a secret from their friends. + +27% of respondents don’t feel comfortable saying “no” when one of their friends suggests an activity they can’t afford. + +Two-thirds of respondents feel buyer’s remorse after spending more than they had planned to on a social situation that they later regret. + +36% of respondents doubt they can keep up with their friends for another year without going into debt. + +How much do millennials spend?* Amount spent over the weekend|** % of respondents** :--|:-- $100 or less|69% $101-$250|15% $251-$500|16% Over $500|7% + +Does not take into account COL differences. + +Discussion: Inherent issues with sample collection; otherwise interesting article to begin a discussion on life style creep and modern take on the adage “Keeping up with the Jones” + +Stolen/X-post from: www.reddit.com/r/personalfinance/comments/8dscu2/39_of_1834_yos_overspend_to_keep_up_with_friends/?utm_source=r + +Credit: u/Zfriske +If there's anything Bullish for Bitcoin's price its the halving next summer. For anyone wondering why the price didn't stay at $1000 you'd need 3.6 million a day of new money flowing into Bitcoin. Next year after the halving it will only take approx. $900,000 of new money for the price to stay at $500. We can assume if Bitcoin investment interest stays the same (meaning the same amount of dollar value is flowing into it) the price will double by next summer before the halving. Also, I would like to add, if there's a way to keep the miners from selling most of there BTC by paying their bills in Bitcoin and getting other companies to hold some Bitcoin's the price will go up significantly! Thanks to Satoshi ingenius all things being equal we will see increase in price due to halving! I don't know about you guys but I am steadily buying before the price goes back up! +Hey people of r/personalfinance, PSA if have student loans and are having trouble with them because you aren't making much money, you can switch to an Income Driven Repayment plan. The application is free and can be found [here](https://studentaid.ed.gov/sa/repay-loans/understand/plans/income-driven). + +There are services out there that are advertising loan consolidation by sending official looking letters, one of which even had a Department of Education logo on it, another came as a secure document. They saying that you qualify for loan consolidation program and to call before a certain date (normally the end of that month). The people who I dealt with wanted $30 a month ($360 a year) to re-enroll me in the income based repayment plan (which apparently you have to do annually, but it's just reporting your family size and income..) and their affiliate wanted $900 to "process the loan documentation". Because this can all be done for free, this is basically a scam, but they claim "it's no different than a company that does you taxes for you". Seems a little different. + +I was having a medical issue that was effecting my cognitive skills and ended up agreeing to pay these people. I'm on the mend now, but I'm out $900 for something that could have been done for free and in an even more precarious financial situation then I was in previously. + +Corporate logos and contact info for the companies I've had contact with so far can be found [here](https://imgur.com/a/qaXdY). Don't let them sucker you out of any money. + +Crosspost from Today I Learned (couldn't do it directly because no links allowed) +http://www.guinnessworldrecords.com/world-records/most-successful-chimpanzee-on-wall-street + +Still trying to beat the market, eh? + +The community is lost and blind by greed. Nobody cares about the technology but only to trade for a higher fiat balance. I watch as noobs get pushed away from the proper knowledge and information to conduct safe transactions in this world. Only to get trolled and made fun of for asking a question someone who has been around would assume they should just know the answer to. The people today in crypto are not the same who were there to welcome me to the community back in 2013. It is a sad occasion when we can't stop arguing over price movement, block size or hard forks galore. On coin market cap there are so many bitcoins i can't even remember which one is the original chain anymore and i have block rewards from when there was only one. We all need to take a step back and look at where we are headed. Do we want bitcoin to end up like the fax machine ? + + I urge each of you who find yourself checking the bitcoin price, or charts many times a day. Instead find someone who needs help with a question or talk to someone who doesn't know about cryptocurrency. Don't just tell them about the price. Explain the technology or platform which is the entire basis for what we consider a crypto "currency" most of which are just a tokenized representation of the value of the platform. If this was really the case, do you think coin marketcap would look the same ? +I’ve been losing money non stop the last couple of months. I know growth stocks have been hit the hardest while everything else is going up. Has anyone else been hit hard the last couple of months? And does anyone know when this shit storm end? Man I’ve been getting pummeled continuously and it’s just honestly sad. I’m about to sell everything and just dump my money into VTI or VOO and forget about it for the next 3-4 years at this point. Stocks in holding such as IPOE, XONE, STEM, MP, and FCEL have been continuously getting pummeled and I just feel annoyed at this point. I don’t know how much longer this shit storm will last. Even ARK ETFs have been struggling. +# Bear behavior is similar to bull behavior right after we crashed from $69K: + +Remember when we started to crash down from $69K, after the bull market peaked, and bulls were the ones in denial? + +Bulls were saying it was a fake drop and we would bounce back to eventually $100K. It was "obviously manipulation". The drop was gonna be a bear trap. + +Now that the bear market may have bottomed, we are starting to see the exact same thing from bear. + +I'm seeing comments and posts about these latest rallies being fake, and probably manipulation. It will eventually crash to $10K. How it doesn't make sense, and how it's a bull trap. + +&#x200B; + +https://preview.redd.it/8mcmblcrbxf91.jpg?width=698&format=pjpg&auto=webp&s=bf6fdf96517f970f39c156baa173046b405533f1 + +It's been well over a month since we were supposed to be in a bull trap. + +We dropped all the way down to $17.6K on June 18, and haven't found as new low since. And somehow managed to get as high as $24K. + +# Bears have begun to switch their narratives: + +The more telling sign is that bears have started to switch their narrative. The main narrative of bears has been macro economics, and the plunge into a recession. + +The initial idea was that, if average Joe is struggling, he won't be able to buy much crypto. That's assuming average Joe really is the market mover in crypto. + +Inflation was increasing, gas prices went sky high, home prices too, it was tightening the budget of average Joe. + +The only flaw remaining in their argument, was that unemployment was still low, in a year when wages increased the most in decades. So most average Joes still had money. + +But bears brushed that off and said mass layoffs and rising unemployment were coming. + +But now those increased unemployment numbers didn't come. And unemployment is continuing to drop. + +What's worse is oil prices have plunged from $123 to $89. And the housing market is cooling off. While the supply chain is continuing its recovery. + +Energy was the #1 culprit of the increased CPI numbers. In fact, if you removed energy from the last CPI data, it wouldn't have had any increase. + +The whole reason for Fed hikes has been CPI. + +Lower CPI means the Fed won't have to be aggressive with rate hikes. + +**The switch:** + +So now I've started to see bears switch their narratives that if the economy and all those things are starting to do better, that means we're unlikely to see Fed printing any money to bailout a struggling market. + +So we won't see any bull market for crypto and will remain in a bear market. Based on the assumption that the stimulus is what caused the crypto bull market (if you check my past post on this, you will see that it's not entirely true). + +Economy going to shit was what they originally said would cause the bear market. But now some bears have started to switch to the economy going well being bearish. + +# How we bottomed in the last bear market. + +The evidence is growing, and the picture is looking increasingly less in favor of bear narratives. + +You only have to look at how we bottomed in the last bear market. + +[2018 market bottom](https://preview.redd.it/8snms4ucaxf91.jpg?width=955&format=pjpg&auto=webp&s=db61c37b9a3dde18a738c2899e4ffd793f9d8ea1) + +&#x200B; + +[2022 market bottom?](https://preview.redd.it/g2p1f9xeaxf91.jpg?width=955&format=pjpg&auto=webp&s=f7919f7f233afc3f307b0afb1076c7ce3cd606f3) + +While the timeline is shorter (probably because we also had a premature and shorter bull market), the magnitude, and most importantly the ratio is almost the same, with a similar over 40% drop. + +We had the same period of stagnation (crabbing), before crashing under the final support. Before crashing into limbo, but with a slowly growing uptrend. +Hi everybody, long time lurker, first time poster.... + +I've recently got a bunch of cash that I want to use to help my family and also invest. My brother has been looking to move, and we found a great house that costs $585k. His budget is $385k, so I was hoping to be able to figure out a way to "co-invest" that last $200k with him. I am going to go ahead and purchase the house in cash this week so that we can get it into the family, and then we are going to figure out how to sell part of it to him using a mortgage that he will get. I have enough money that it wouldn't be a big deal to just gift him the $200k, but I don't want to get into gift tax stuff and also feel like the property itself would be good investment for me, so seems like everybody could win here. + +Basically, I would want the place to be functionally his, but get paid a pro rata share of the profits when he eventually decides to sell the place. I also would like for him to be responsible for ongoing mortgage payments to the bank, and not me. But, the more that I look into it, seems like this is a fairly uncommon arrangement. Any advice on a clean way to do this would be much appreciated! +I thought I'd start the new year by resigning and do something new. I wasn't happy at my job, so left on the 23rd to not go back. All motivation to do what my manager tells me was lost in the last year, being fairly FatFI. He's a great colleague, but all our discussions ended with "ok, I disagree, but whatever, dude". This made me really look forward to pursuing some of the business ideas I have. + +In fact, so far, quitting did make me happier. Like a weight has been lifted off my shoulders. I'm left with the question of "how does it feel to move from a worker to an entrepreneur?" I could help someone with a project as a contractor/consultant, but I don't think I could do an indefinite employment again. Pent up demand for creative freedom, perhaps. And I like being spontaneous. Try things and see what sticks. + +Has anyone here lost employment motivation and triggered their "RE", but you still want to create things? Perhaps not build a career or have a statue of yourself erected, but feel that you're useful to the people around you? What were your expectations and how did it work out? + +Numbers update humblebrag section: >!Just barely made it to $10M NW in 2020, and I can live well off of 1.5% WR. It'll definitely go down from these highs, so I'll better celebrate while it's 8 figures.!< +As you guys know, if you buy a 2nd home you have to pay 3% additional stamp duty on top of the stamp duty that everyone else pays. It's a bummer and costs a lot. + +In my case, I was living in a flat which I tried to sell, but couldn't. I bought another home hoping that I would sell the original flat, because if you do so within 3 years, then you can claim the stamp duty back. I still couldn't shift it. + +Meanwhile, the 2nd home that I purchased was a complete state and not livable. It had to be stripped back to the bare bones and redone, in order for it to be somewhere I could live my wife. + +I did some research, asked on several forums, spoke to a lawyer who told me to speak with an accountant and an accountant that told me to speak to a lawyer. Everyone said that there was no way I could claim back that stamp duty. But they were wrong! + +I came across a piece of case law (P.N. Bewley Limited v The Commissioners for Her Majesty’s Revenue and Customs [2019] UKFTT 65 (TC)) that I thought would be significant to my case. + +And to cut a long story short, after waiting for a response from HMRC for a couple of months, I received a cheque for £17k, out of the blue. I am very pleased! + +Not sure if this will be of any interest/use to anyone. +http://www.businessinsider.com/things-everyone-should-know-about-investing-and-the-economy-2014-12 + +From Morgan Housel - normally don't like things that aren't actionable, but this collection of quotes is a great 101 for every level of investor (not trader). Some of these you will say "duh, that's obvious", some of these you will disagree with, some you will say "where's the evidence?", but they should all give you something to think about regarding the nature of the markets and investing. + +A few of my favorites: + +7 There is a difference between, "He predicted the crash of 2008," and "He predicted crashes, one of which happened to occur in 2008." It's important to know the difference when praising investors. + +8 Investor Dean Williams once wrote, "Confidence in a forecast rises with the amount of information that goes into it. But the accuracy of the forecast stays the same." + +26 James Grant says, "Successful investing is about having people agree with you ... later." + +27 Scott Adams writes, "A person with a flexible schedule and average resources will be happier than a rich person who has everything except a flexible schedule. Step one in your search for happiness is to continually work toward having control of your schedule." + +40 Since 1871, the market has spent 40% of all years either rising or falling more than 20%. Roaring booms and crushing busts are perfectly normal. + +52 There is a strong correlation between knowledge and humility. The best investors realize how little they know. + +62 Try to learn as many investing mistakes as possible vicariously through others. Other people have made every mistake in the book. You can learn more from studying the investing failures than the investing greats. +Hello, + +I am considering starting day trading and I am wondering how I should go about learning it. I have done some research and it seems like there are many different resources out there, including online courses, books, and forums. I am wondering what methods have been most effective for others in learning day trading? + +I am particularly interested in hearing from those who have successfully made the transition from being a beginner to an experienced day trader. What steps did you take to learn and improve your skills? What resources did you find most helpful? + +I would really appreciate any advice or recommendations you have to offer. Thank you in advance for your insights! +Good morning, here's my Watch List: + +Gap Ups: API, BIDU, BILI, CRWD, DADA, FUTU, GSX, KC, LMND, MYO, NIO, NIU, OSTK, PDD, TDOC, TSLA + +Gap Downs: NONE + +SPY gapping up again. Tested the 200 day moving average twice and now trying to clear resistance around the 315/316 level and complete the gap fill. Outlook is bullish for now. Hope everyone had a good weekend and if not, hope your week is better. As always before entering trades it is a good idea to have stops and targets calculated to eliminate emotional trading and unwanted losses. Good luck out there, stay safe! + +&#x200B; + +\*I do not add stocks under $5 to this list\* + +I also don't add all gapping stocks. I only include the ones that I think have the best potential for day trading opportunities. This list is a portion of my main list, if I added all stocks on my main list, this one would be far too big. +Last night, after a few shots of tequila, my friend and I started talking about our crypto holdings. His parents overheard us and joined the conversation. After a long discussion about the differences between regular money and crypto, they told me it was "bullshit, bitcoin could never reach 100k. Mining sounds like a pyramid scheme." After trying my hardest to put it in simple terms and to reference posts and articles for more accurate info, they still refused to understand. + +What can I say to make people comprehend the future value of crypto? Without sounding like a salesman lol +The GME weekly call spreads have been very effective recently. The premiums are high, and the value of GME has been on a steady decline with exception to a short rally in August. I have not found any other options strategy as effective. + +Any suggestions on other stocks with high premiums? +This popped on my google home page because it knows I have been thinking about options too much lately. + +https://www.investors.com/research/options/nio-stock-today-how-to-build-synthetic-long-trade-using-options/ + +This is not a theta play but still I thought I ask here. Here is a synthetic way of owning a stock that you are bullish on with zero cost - selling a put and buying call at the same strike very far out. The only requirement is that you have to have a margin account. + + Let's say the stock is $10 and you can still lose $1000 if the stock goes to zero but you will lose the same amount if you own the stock. So what is the drawback of this? +Hi Traders, A while back I sold QQQ 21 oct 275 and 2 of 270 puts when stock was higher. They are all losses. How would you defend them or just sit tight and wait? I would appreciate all suggestions! + +update: I sold oct 290 put to make the position less long. I hope I didn't make thing worse. +I'm curious as I get deeper and deeper into the world of options, theta and the rest of it - to know how long it took you guys to get to the 1mil milestone? Presumably it wasn't plain sailing, and there would be times you got close and dropped back a fair bit - but what's your story and how long did it take you? + +Full disclosure - I'm not there yet, nowhere near in fact, but I've set myself a goal and I'd like to attribute a timeframe to it; a realistic one at that. There's no better way to get a realistic timeframe than to consult those those who've been there and done it! +Say you're selling weeklies. For a 7DTE, Does the extra money you gain by holding until expiry (assuming it expires worthless) offset the theta decay of a 14DTE? Or is it better to close out the 7DTE with less profit so that you can sell the 14DTE for higher premium (assuming all else equal)? +FIRE has been hitting mainstream media the past few months as we've all seen the articles shared here. I also follow quite a few investors, financial planners, finance writers, etc. on twitter and they have been tweeting/writing about it as well. Ben Carlson (who seems well respected around these parts) wrote a piece on his blog the other day titled [Some Thoughts on the Extreme Early Retirement Movement](http://awealthofcommonsense.com/2017/07/some-thoughts-on-the-extreme-early-retirement-movement/) which also made its rounds on twitter. + +The main counter point to FIRE I would like to discuss is "I love my job" or "What else would I do with my time." + +I've had a number of jobs since I was 14. I've liked some more than others. But I've never **loved** working in a job. Therefore I have a couple questions: + +* **Do you love your job?** If so, why do you love it? Would you REALLY do it if it didn't pay you a salary? Also, how did you find a job/career you love? Was it luck? A lot of soul searching? + +* **Do you think people who say "I love my job" are full of it?** Do these people just really just not have families they want to spend more time with? Or don't have hobbies they would like to devote 4 hours a day to instead of 4 hours a week? Do they not have a business idea that would give them a lot of joy to start even if the financial reward is most likely zero? + +At the end of the day, I'm envious of those who say they love their jobs. I'd love to find something I really enjoyed for ~40 hours a week and get a paycheck for it. Are there just a select few lucky ones? Or are we who haven't found work we really enjoy doing something wrong? + +**EDIT:** Feel free to replace "love" with "really enjoy to the extent you would still do it for a decent pay cut or even for free." +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I am on a student visa (post completion practical training) which allows me to work in the US for 1 + 2 (extension) = 3 years. I am deliberating if I should invest in 401k or not. My employer’s match won’t really vest till 3.5 years if I leave in between so it’s mostly only tax saving for me and no free cash. The fact that the money is stuck till I am 60 old is the fact that troubles me. If i don’t get a work visa in future and have to leave after 3 years, would I need to maintain a phone number and a US address for 30-40 years? My employer uses fidelity. For people on visa, how do you plan to take out your money at the age of 60 if you are not in the country? Do you invest in 401k ? +Other than this sub and FI, what regular publications/sites does the FATFire crowd read? I'm always looking for new content to consume. + +My list: + +* NYT +* WSJ +* The Economist +* RadReads +* Marginal Revolution +* BiggerPockets forums +* FiveThirtyEight +* ThePointsGuy +* SSRN + +If the powers at be decide to take action against some of our fellow long holders once we start seeing other-than-sideways trading, I think it’s important that we all remember any action taken against investors is an action against everyone holding GME. + +I fully expect that if any actions like PCO’ing or forced position closing are taken, they’ll be accompanied by a flood of shill posts along the lines of “you should have DRS’d!”, “it’s your own fault for staying in etoro!”, and “you should have bought 100% shares and not any call options!”. While you may somewhat agree with these points, there are a lot of investors who believe in GME that aren’t on this subreddit, and may not know any better. Also remember that any forced selling or disabling of buying hurts EVERYONE who has invested in GME, and all individual investors should feel compelled to get loud about any such shenanigans and fight them with public opinion. + +Yeah, someone who holds GME in Robinhood may be a bit of an idiot, but that does NOT mean it is okay for their fully-paid positions to be closed against their will. +We all may have thought that the FTX scandal could not get worse but it today actually got a lot worse. The same person who handled Enron just said that FTX is the worst thing he ever saw, that speaks a lot of volume. + +Now it also got revealed by SBF himself, that all the money that the user sent to FTX, first went through Alameda Research bank accounts. Thats like $8b that went through Alameda by users who just sent crypto. + +&#x200B; + +[From twitter BTC\_Archive](https://preview.redd.it/937ovc9tsj0a1.png?width=711&format=png&auto=webp&s=f10bd38425ee86fef4044b1120b1f4741b0715de) + +This message by SBF confirms it himself, according to him they “forgot“ that there was an account linked to Alameda. That according to him is an explanation, why Alameda Research had so much money from FTX. + +Now I do not know whether this is an even worse explanation that they “forgot“ about an account linked to Alameda or that they were loaning it to them, both is just as bad according to me. Surely there will be even more reveals on what kind of fraud they were running as we are just a week in since FTX declared Chapter 11 bankruptcy. +**TLDR:** + +[F.U.D. Courtesy of The Fed](https://i.redd.it/lnne0752iwe81.gif) + +A LOT has changed since NOV ATHs.... + +We sit on the edge of a Bear Market in many assets, and have a new 8000lb Gorilla in the room, (a hawkish FED that um, day trades). + +Meanwhile, crypto has recently correlated with the VIX (-94% on Friday), so now the SPX and Crypto are joined at the hip: + +[ATHs in VIX Correlation](https://preview.redd.it/dyrvahorewe81.png?width=722&format=png&auto=webp&s=74c66bf65f603426cfd18723b4e169d7a6c91006) + +What's interesting here is how much the order book has dried up. The book is running very thin (that trend is ongoing), which means that prices can bounce a lot more then would otherwise be the case. It also means that prices will likely come under even more pressure (high volatility does not support price increases in the average asset), in the short term. + +Additionally, this set up may create some extra wild price swings that may whack the over leveraged margin & futures traders. How that will affect Exchange Operability remains to be seen-but let's just say it won't help them stay more stable. ***;)*** + +Here are some charts that help illustrate the problem, they look like Rorschach (ink blot) Tests: + +[S&P Book Depth Is Shrinking...see that flash crash point in DEC Week 1?](https://preview.redd.it/2322juyfewe81.png?width=925&format=png&auto=webp&s=d6deb7aa59f8cde5abc8249b93b7a51836556e5e) + +[Nasdaq Book Depth Is Shrinking...](https://preview.redd.it/18u5bnxhfwe81.png?width=950&format=png&auto=webp&s=c185674b9ffbcb996c7d8b516ff4e4a11e2b351c) + +[Bid\/Ask Spread is HUGE here.....](https://preview.redd.it/o6npfgawfwe81.png?width=929&format=png&auto=webp&s=aaad2c1a72e6971e9823ad5ea853510216f968f8) + +These are indications that volatility is likely to remain significantly elevated in the days ahead-atop a level that is already very high. ***This also suggests that the price declines we have seen in the cryptoverse correction are not over.*** What's more, January is usually one of the most chill months for volatility-so the fact that we are already running high in a normally chill month-is note worthy here: + +[January is supposed to be chill bro'......but ain't!](https://preview.redd.it/119pzsqogwe81.png?width=946&format=png&auto=webp&s=7e4c3e50abe9504ee6c7d6a7d1229d95a079cdae) + +Here is a chart of Volatility, and Volatility of Volatility, overlaid: + +[The VIX is Now Trending Up, Up, Up and away......](https://preview.redd.it/yzuib1g1qwe81.png?width=1150&format=png&auto=webp&s=9f83eee07ec3b8e4261700eb6921d814bf17c711) + +At present, volatility is retreating off its highs, but the trend is clear-and that trend is UP. + +Volatility is now bullish trend, where for all of 2021 it was not. That is a huge sea change. As long as the correlation to the VIX remains as titanium strong as it is at present, *this suggests that prices will remain under pressure for quite some time.* (No Virginia, Coin #1 will not be hitting $100k any time soon-as in this year dear.) + +Meanwhile the book is thinning to where it was at the December Flash crash.....ruh roh! + +**I am not a chicken little, and I am not given to fear. That said, the set up here is ripe for whaler whack-a-mole, Skynet's favorite game of chance.** + +*The takeaway?:* + +*Traders: be on the margin watch!* + +*HODLr's: buckle up for more roller coa$ter action.....* + +Good Luck! +For reference, here's a long-winded post I put up a few months ago: + +https://old.reddit.com/r/financialindependence/comments/9e788m/fedfire_or_how_a_us_foreign_service_officer_can/ + +---- + +Anyway, on to bidness (I say ‘bidness’ cuz I’m from the streets). And yes, this is rambling, but I ain’t got nothing to do right now. + +**Being FIRE in Furlough** + +This seems to be a bit of a no-brainer. If you are pursuing FIRE, you should likely have an emergency fund, right? Well, we do, no problems there. The thing is, many people overlook the fact that, even if you are a FIRE adherent, some are *just* starting out. I mentor people, and I try to push financial responsibility as *part* of the job (FIRE in a bubblegum wrapper, maybe)…and technically, financial responsibility is important to maintaining clearance eligibility, so it’s not a bad idea to stick it. If you’re just starting…a year or two in, you may not have saved up that much, you may be shoveling more into debt, paying for living in the DC region, and having to take on new-ish car debt (because some countries don’t let you bring in vehicles X years or older). My friends in the civil service (non-diplomats) don’t have the exact same problems, but even in the government, a lot of people…they may not all be living paycheck to paycheck, but they can only miss one or so. + +Our efund will let us last about two months before we would have to start raiding personal stock holdings, those stocks would probably let us last out any length of shutdown (assuming this one doesn’t last until 20 Jan, 2020). FIRE was invaluable for letting me go to sleep in this situation. Certain folks may not have declared a *national* emergency, but this furlough has now reached the point of being a financial emergency for many. + +I will say, efund aside, this happening *directly* at the holidays was probably one of the most terrible ways for it to go down. People splurge at the holidays. It may not be sensible, but it’s a fact. Compound that with a missed paycheck (or more), and things get nasty quickly. I’m sympathetic…happy I’m not currently in that situation…but a decade earlier, I sure as heck would’ve been. + +**Just Go Get Work or Barter with Your Landlord** + +Gee, thanks OPM…the administration being tone deaf as usual. Funny thing, *many* federal employees are restricted in their outside employment. You have to get permission from your supervisor, from higher echelons in your office, from HR, from Legal, depending. This is for ethical reasons, security reasons, and proprietary info reasons…plenty of reasons more, I’m sure. Guess what you can’t do when the government is closed? Get government approvals, oddly enough. I’m not allowed to enter a federal building without explicit orders to do so—it is literally against the law right now, just like any other random citizen trying to enter a federal building without permission. Working without permission is *also* against the law. Read into that what you will, but technically, if I check my email for work purposed, I’d be breaking the law. + +So, the recommendation to get additional work applies to some, but certainly not all, otherwise we’d be in violation of regulations, and could be ousted from a government job once we returned. Would a reasonable boss do this, probably not. Would administrators put into place to disrupt or co-opt the mission of certain agencies do that? Well…I wouldn’t put it past the Zinkes or Pruitts of the world to gleefully fire employees after the furlough was over for seeking outside work without approval. Just following regulations, after all. + +The whole barter with your landlord thing…come on. I don’t know a single apartment complex in the area that isn’t run by a real estate corporation. Your ‘landlord’ is a board of directors in Nevada or some other place with low incorporation fees. Individual renters, sure, maybe…but landlords gotta eat, too, and painting or odd jobs don’t buy groceries. + +This also sticks with me because, right now I’m in the DC region, but if I was overseas, I’d be working (most of my colleagues at post are working without pay). Still, can State or other civilian employee do side work to make ends meet overseas? No. We’d literally be stealing their jerbs. No rent, most of time, but there are still bills. + +**This Is Just Hurting Those DC Elites** + +85% of federal employees work and live outside the DC area (to be clear, DC area is DC, Virginia, and Maryland). National parks are, well, nationally found. NASA has a big presence in Florida and Texas. Air Traffic Control and TSA are in *every* state…border patrol, USDA inspectors…not all these people are considered “Essential”…the security apparatus, sure, but you know who is not there? Administrators, processors, plenty of IT folk, and others who actually make sure things run smoothly. + +The way it normally works when a shutdown occurs is that people are pre-identified as essential and non-essential (various agencies have different terms for this). There are also mission critical people (they know from day one they don’t get time off in emergencies or shutdowns or zombie apocalypses). Depending on your organization some people have pay funded from the previous fiscal year, some don’t. It really kind of depends on what bills your funding falls under. I have a friend right now who is currently working under DoD and getting paid. Meanwhile, the guys two offices down from him are working but *not* being paid, and the office further down the hall has been furloughed. It seems like a crapshoot from the outside. + +The kicker with this is, not that much work is getting done. We are in a holding pattern (to use the parlance of overworked and unpaid air traffic controllers). The Federal Government is not really operating right now, rather, *just* enough is operating to make sure nothing incredibly terrible happens. You are less safe now than you were 20+ days ago, and it has nothing to do with the border. + + +**Who Wouldn’t Love a Long Paid Vacation?** + +Here’s a thought experiment. Your employer tells you that you can go on vacation. Great! While you are on vacation, regardless of your vacation days, you will not get paid. Wait! Also, your employer can require you to return to work with no more than 12 hours notice. Uhh… + +Doesn’t sound so good, does it? We now know—two weeks in—that Congress is authorizing backpay. That wasn’t true at first, and I’m not holding my breath that it’s a done deal. I can’t go visit my folks for a long weekend because I don’t know if I’ll be at work on Monday. We’re not allowed to take time off in lieu of furlough, either. I certainly can’t go on a real vacation (sorry, mom and dad, but you’re not exactly Disney World). Even then, traveling takes money, which will be tight for plenty of people. + +Maybe it’s a taste of Early Retirement [insert angels’ choir sound here]? Nope. I am definitely not experiencing a sense of independence, freedom, or lack of financial concern. I’m not sweating my next meal, but I also kind of feel like I’m under house arrest…or maybe just wearing an ankle bracelet with a DC-area range. + +To add insult to injury, *many* organizations are having employees come in for a day here, a day there (in the sense that you are “essential” one day and return to furlough status the next), so that everyone would at least get some money in a paycheck in the event Congress did not authorize backpay. Kudos to our bosses who do this. It’s good foresight, but it definitely makes doing anything but waiting around for a phone call difficult to accomplish. To reiterate, not how most people spend a “vacation”. + +**What About All Those Free Meals and Discounted Cocktails?** + +So, in the DC region, there are places offering “furlough” deals. Some places are giving discounts on food or drink, some places a free meal…and all you have to do is show your ID. This is marketing. I mean, yeah, you can take advantage of it, I guess, but a lot of it is in DC proper, not the ‘burbs where a majority of the employees live. And are you going to try to do that every day? Probably not. And does it apply to your kids or spouse? Most likely not. I’m pretty sure this also isn’t happening much in other states, either…again 85% of the federal workforce is not in DC. + +On top of that…well, there’s the issue that it’s also typically *against* regulations (possibly the law, though don’t quote me on that) to receive benefits based on your federal status. Approvals can be given, and there are exceptions here and there (GEICO, for example, gives a discount to government employees as a standard practice). The idea here is that we’re supposed to *avoid* reciprocity…you give me a discount and maybe I’ll help you out later. Admittedly, the likelihood of my State Department role affecting a pub in Arlington is *pretty* low, but I don’t get to choose which rules I want to follow, and there’s literally no one to consult about that right now. + +**I Don’t Work for the Government. Who Cares?** + +Even when the government is working, there are still disasters, still romaine lettuce that will make you sick, still bad guys doing bad things…all that is, well, not entirely unchecked, but certainly not as well-guarded against. There is no significant food inspection going on right now. You still go to the grocery store, don’t you? Water safety, environmental protection, all that is limited or non-existent. Probably nothing to worry about, but if you were an amoral company looking dump something toxic, when would you do it? No risk, right now. Customs and Border Patrol gets paid pretty poorly, TSA too…now they’re not getting paid at all. This isn’t even to imply their doing their job *less*, but rather, how long can they show up and *not* get paid? + +You do depend on interstate commerce, and travel, and flying, and all other sorts of things. No one should *really* have to make an argument that the federal government provides vital services, but here we are. If a few more TSA folks stop showing up at Atlanta, Chicago, JFK, and maybe LAX, air travel is going to be messed up. That impacts things like Amazon deliveries, too. It’s not just business or vacation travelers that will feel it. + +Following this, I wouldn’t expect Q1 numbers to look great if this continues for another paycheck or so. It’s not just federal employees…it’s contractors, contract services (like cleaning or maintenance), stuff as simple as office supply companies, vending and cafeteria services, all sorts or stuff that are suspended or operating with skeleton crews. How many of these companies can survive weeks without being paid? It ripples out. + +Heck, let’s go a step further…800,000+ federal workers are non-essential, and almost a million more are working but not getting paid. Two million people, so even assuming these employees are terrible with money and aren’t investing *anything*, the government is still investing 1% of their salary into TSP. If everyone is being paid $50,000, that’s about $40,000,000 that didn’t get invested with this past (missed) paycheck. The average salary in the federal government is higher than that, and the average TSP investment is *definitely* more than 1%. When institutional investors (and the TSP most definitely qualifies) *aren’t* buying stock…is that good or bad for the economy…? I forget. + +**Some Personal Notes and Being Reminded of FIRE on Furlough** + +Meh, that’s a lot of doom and gloom. I’ve been at work four days since the holidays. Moral is not good. Maybe a needed to vent. + +Fortunately, right before the holidays, I sold my underwater townhome for mortgage value + $3500. I found a local “We Buy Houses” type company (just a realtor with a bunch of investors backing him up), and they bought the townhome *with* the renters still in place. After owning the place for 12 years…I literally broke even (probably less, since I’m not really accounting for inflation). But hey, I’m not shelling out $200 a month in excess of my renters’ rent anymore. + +A weird thing that happened included my going to a pre-pre-retirement seminar on Monday and Tuesday. This was training I had paid for out of last year’s budget, so I could still go (no refunds). It was a seminar designed for people more than five years from retirement. There was some good stuff, and they talked specifically about FERS, FERS Special, and Foreign Service Retirement. I am still on course to able to really retire at 50, so, yay. + +There was some great stuff on legal and financial planning, particularly regarding springing power of attorney, revocable trusts. The lawyer who spoke for that part made a point of indicating that from 18 years onward, all family members should have springing powers of attorney, and possibly limited powers of attorney. This was particularly important for those of us in foreign service, since we find ourselves in tough situations every once in a while, but just for general financial security in a time when you or a spouse is incapacitated, it’s good to know you can accomplish critical business if needed. + +Revocable trusts were an interesting concept from an estate planning perspective. Those of you who plan to have more than once residence or property in multiple locations may want to look into that to possibly simplify probate / estate planning. It does not work in all situations, but it might for some. + +The financial planner presented a case for having a mortgage in retirement, which I thought was interesting. He made a point to not to use it to overbuy, but rather—and this was particular to people with pensions—it can used to avoid some tax liability. Much of this was dependent on current mortgage rates, but it *could* be tax advantaged if you have a pension to also have a mortgage interest write off. I found it funny, because he specifically called out Dave Ramsey and his “anti-debt at all cost” schtick. I probably won’t have a post-retirement mortgage, but it’s food for thought. + +The Financial Planner also made a great analogy about the market (it hit home for those of us in the DC area): + +Being in the market is like being in traffic. You pick a lane, and you’re going along to your destination. Then your lane starts to slow and you see people to the left and right of zooming past. After some swearing, you pull out into another lane, zip along a few car lengths, and then stop. Now, the rusted-out Ford you were behind for the past ten miles is passing you in your old lane, so you switch back, but there are a few more care between you and the Ford. Waitaminute! I’m losing progress! Better switch lanes again. Rinse and repeat. + +This isn’t to say there aren’t some true fast lanes, but unless you have really good financial GPS, all you’re doing is weaving in and out of the market on a hunch, and losing position along the way. The destination, and progress toward it, are still pretty well-known / predictable factors. + +There wasn’t anything particularly illuminating about the financial planning part of it, (though the fact that these guys charge 0.5 - 1.5% to give advice we talk about here daily is a thought for post-retirement income…though I’m not sure what’s all involved in becoming a Certified Financial Planner). + +He went over opportunities for backdoor Roth contributions, and made a point that Roth isn’t always better depending on where you are in your career, and where you expect to be, tax-wise, in the future. For federal employees, unless you choose to work *after* retirement from the government, it would be hard to have more earned income post retirement. Our pensions are *always* a fraction of our past earnings. Again, not mind-blowing, but Backdoor Roth is often chanted as a mantra here, but everyone is different in their situation. + +He also mentioned this step-by-step guide for the backdoor Roth from Physician on Fire. + +So, the guy knew about FIRE, but never actually mentioned it by name…heh. + +**Some Fed-Specific Stuff** + +For those who are federal employees, a guy from the TSP board talked to us and told us that significant positive changes to withdrawal options are coming, and they are looking at growing fund options in the next 3-7 years. He said there’s usually very little pushback in that area, so don’t do anything drastic (i.e., moving all funds to another brokerage) if you don’t have a better reason than you just want a little more diversity. + +As a final note, the guy from TSP board mentioned three huge mistakes they see all the time: Keeping everything the G Fund—don’t do it unless you’re already retired and the low return meets your needs. Moving everything into the G Fund when the market dips (happens a lot, good ol’ buy high and sell low). And last, having some money in a target date fund (L Funds) *and* in a regular fund (G, F, C, S, I). If you’re going to use an automatic balancing fund, having any of the same funds outside there is silly, and if you want more control, just mimic the allocations of your preferred target fund once a month (or quarterly, or whatever). Creating combinations of target funds (like having 25% in aggressive 2050+ and 75% in the 2020 fund) is fine (though maybe not optimal), since they’re still all automatically rebalancing. + +For those who are FERS-RAE or FERS-FRAE (people who pay more for their pension plan), the poison pill retirement adjustments pushed by zombie-eyed granny starver Paul Ryan (credit to Esquire), we were shown math that indicates you still benefit, obviously, from a full government career (the health care coverage being a primary factor), but the inflection points are about 8 and 12 years for RAE and FRAE. If you quit before then, not a huge loss, if you quit after then, you’re likely cheating yourself financially. I can’t replicate the math here, but I don’t think he was lying. He did point out that if the healthcare situation in US changes for the better (Universal / Medicare for all), many federal employees might find themselves re-evaluating the benefits of their benefits. + +---- + +**tl;dr:** Pimpin’ ain’t easy, but neither is being a federal employee on furlough, that said, sticking to FIRE ideals *really* really helps. Also, please reiterate with people…the furlough is national…it’s not just DC. This affects Americans as a whole. + +Hi so basically I got a car from a used car dealership (Larry h Miller in Utah) and the car I chose was about 12,000 dollars and I could pay it off in like a year and a half or so with how much I was making and if I made double payments. No problem I thought, but I called the bank recently that gave me the money for the loan and they said I still owed 16,789 dollars and the original loan was something like 18,000 dollars! I flipped, I was literally going to have a heart attack. Now, I work 4 jobs for the summer to pay off this car, I want to move out and transfer to a new school but will be working even more than I already do just to live and pay for the car and idk what to do about that extra 6,000 like idk what it’s for, where it came from, or why it was taken out. I’m going to be speaking to the dealership but does anyone know why dealerships take out more money? As well, how can I get out of this massive hole I got shoved into? Any help is appreciated, when I transfer schools I don’t want to be working 40 hours a week just to make the payment on the car on top of rent. Ya’ll are great + +Edit: whoa went to bed and this blew up. Sorry for the lack of information all, it was late. I’ll be going over the contract in a bit and replying to all the comments, giving all the information I can. Thanks for all your replies +With the exception of a stint as an analyst at an investment management company out of college I went the high risk high reward route and have worked at private startups in San Francisco my entire career. + +With the news on the most recent company I’ve worked for going public via SPAC earlier this week I have officially worked for 4 private companies that went public after I joined, with 3 going public all this year (and 1 a few years ago). + +I doubted my choices many times as I watched friends working at FAANGs see their liquid comp grow year over year while I basically have lived on a base salary. But within a year I am experiencing 3 liquidity events (slow at first then all at once). + +I wouldn’t necessarily recommend my path to most people as a high degree of luck was involved, but now that going public has never been easier for private cos I would advise anyone looking at offers to 1) try to get offers at FAANGs for leverage (you’ll rarely get the best offer without it) and 2) put on a VC hat and look at mid stage companies in the low billion valuation range and ask yourself where a comparable offer to FAANG could grow to in an IPO in 5 years or less. +If DFV didn’t take notice of the quantity being short sold, HF’s would’ve gotten away with it. GameStop would’ve been put out of business while Wall Street profits billions off the retail investors involved. The only other option would be GameStop not going under and they have to cover. You can see, in the end there’s only gonna be 1 of these 2 outcomes and they knew that too. But they wanna play stupid saying this is retails fault, retail weren’t the ones to invest hundreds of billions into this companies decline, as that money continues to expire worthless and is just poured into the market cap, they wanna act surprised and say “you can’t do that” No one told HFs to short 222% of a stock with money they never had. No one told wallstreet and the banks to bail them out several times. These meme stocks are just the result of wall street shorting, which they got cocky with during Covid, Wall Street made the meme stocks not us. All we did was buy and hold +Was contacted by these guys via phone. Apparently I signed up to a contest at some point and indicated that I would be interested in something, and I suspect I have a inkling what they were trying to sell me. I think Negative Gearing is involved but I just don't get what the catch is. How does me buying another property help me save money when I had to spend the money to achieve that anyway? Seems counter intuitive. + +--- + +Anyway here are the main points: + + - guy A calls you, ascertains your interest in saving money off your tax + - transferred to guy B who then starts getting your details and passes it to their "consultants". + - finally transferred to guy C, their "consultant manager" who arranges a meeting at your location. They insist you must attend the meeting with your SO. + - if you turn up without your SO the consultant will leave. + - at this point, no mention of "investment property" is made. Any questions about this on the phone is replied to with "we have many options and we will find the best one for you depending on your situation". + - Until I pressed the issue with the consultant who finally mentions that an investment property is the vehicle for the tax minimisation. + +Not going to name these guys, but PM me if you really want to know. + +--- + +Anyway, whole thing smelt like a scam. Consultant was smooth as fuck, I noped the fuck out as soon as I could as there was no way I could sit with him for an hour without getting suckered in some way. Lots of phrases like "want to help you", "pay off your mortgage faster" etc. +via DJ: + +The contraction in new home sales is a looming threat to the Australian economy as it may hurt new home construction. New home sales have fallen every month since the introduction of Covid-19 restrictions in March. The Housing Industry Association reports new home sales fell by 4.3% in May from April. Over the three months to May, sales were down by 20.3% compared with a year earlier. The first signs of this contraction will flow through to housing construction work as early as July, before falling more significantly from September onwards, the HIA says. The number of cancellations of home building projects, which are typically around 7%-9%, are at 26% in May, as compared with a 17% cancelation rate after the global financial crisis in 2007-08. +I recently did a domestic 9 day road trip around NSW, and we spent nearly $300 per person per day (including accomodation). It was definitely the most excessive holiday I’ve enjoyed. And enjoy, I did. + +Do you budget for holidays before hand? Or track expenses post holiday? + +If anyone wants more details about how we spent that much, here’s our rough itinerary: + +2 nights in the Hunter valley with a friend. It was a 2 bedroom apartment near hope estate brewery. We spent an afternoon drinking beer and playing board games at hope. Lots of nice dining out for dinners. + +2 nights in Bellingen in a cabin with a private hot tub. Was the highlight of the trip. All home cooked meals because we didn’t want to drive anywhere. + +2 nights in port Macquarie. Had a cocktail night at a local cocktail bar and had the best edamame we’ve ever had. + +2 nights in Newcastle; close to foghorn brewery. We checked out a hole in the wall rum bar and had a lot of fun. + +Many board games were played and many breweries were visited. On the way back home I bought a boiler maker Xmas collection with a Tasmanian whiskey from ekim brewery. + +I knew the cost of accomodation before the trip and used a spreadsheet to note down all of the shared expenses. I was surprised when I ran the final tally. It’s only recently that I started tracking holiday expenses for my own benefit/research. + +We’ve got a week in Tassie planned for May next year (3 nights in a cabin in cradle mountain and 2 nights in a grand design tiny house in Lewisham) and a board game cruise planned in December. They probably won’t be as excessive and will be better planned financially. + +What other challenges do you face when on holiday in regard to finances? What holiday are you looking forward to next year? How much do you think it’ll cost you? +Given all the talk of rocketing house prices, I've noticed that in the corelogic data, apartment prices have not moved nearly as much. Would this indicate that apartments are not as massively overvalued and FOMO'd as houses are, and can be considered a better buy? +I am 17 years old, I will be 18 in august of next year. My parents have already told me that I will not be welcome in their house the day after my birthday. + +My birthday is 8 months away, that’s usually enough time to save up some money before I get kicked out. Unfortunately due to the COVID pandemic my parents are refusing to let me work. My parents both have co-morbidity issues, and I spend a lot of time caring for my grandparents (87 and 84). They are worried I will bring the virus home to them. + +Right before the pandemic hit I had a really nice job lined up at a daycare center, paying a full dollar above Florida’s minimum wage. It was supposed to start in may last year because daycares are busier during the day in the summer. I have worked in the past babysitting, temporarily at the daycare center, filing for my mother’s company, in a grocery store. None of that money that I made is mine. All of that money (~$2500) is in a bank account with my mothers name on it, not mine. I have a debit card from that account, but it doesn’t have my name on it. + +I do have a vehicle, but it’s not really mine. A few months after my 16th birthday I bought a $1,200 Ford Ranger (with my own money) from a nice old man who gave me a very good price. Unfortunately, my mothers name is on the title. She doesn’t refer to it as my truck anymore, but as my little brothers. Her plan is go give it to him in 3 years when he turns 16. + +I really want to go to college, the community college where I live is incredibly cheap. I would get my AS in nursing and get an RN certification. That’s probably a goal for me a few years from now, I need to have a place to stay first. + +You probably gathered enough from this to guess that my family situation is a dumpster fire. If you did you’d be right. My mother is an alcoholic that enjoys hydrocodone and ‘medical’ marijuana. My father is out of work for a completely shattered wrist (he’s a mechanic). Here I am no money, nothing to my name, and a crap ton of time on my hands. I am still in high school and I do that from home. + +As far as I’m concerned, I have a few housing options when I turn 18 + +-Move in with my boyfriend, we’ve been dating for two years and I really like his family. Even though it seems great, I really don’t want to do that. That’s a lot of commitment that I don’t feel ready for. + +-Crash with a friend? This isn’t too much of an option, I am no joking when I say I don’t have any friends. My parents don’t really make having friends easy. + +-I could sleep on the couch with my grandparents. This is my least favorite option, they live next door to my parents and as selfish as it is, I’m sick of being their main caretaker. + +-There is a youth homeless shelter 70 miles away from where I live. It does have places nearby where I could work. This is probably my best option. It pisses me off relentlessly that I will be homeless the day after I become an adult. + +I live in Jackson County, Florida if that helps any. I need a plan. I don’t know what to do and everyday is pretty hellish for me here. Even with my home life as awful as it is, I wouldn’t want to move out the day after my 18th birthday. I am completely unprepared. My parents are kicking me out onto the streets in the worst economy since 2008. Any advice is greatly appreciated, I’m trying to keep myself composed. + +Everyone says that the first 100k are the most important and some share their experience of overcoming this milestone. Reading these stories, I also thought about how I would do it, and finally, in July 2021, me and my wife a happy to celebrate the fact that our net worth exceeded 100k. I have decided to write and share with you to congratulate myself again and hopefully inspire someone just like you inspire me. I read stories from those who earn 200-300-400k per year while being shocked at the INCREDIBILITY of these figures but today there will be a story from an Eastern Europe guy, with some modest earnings. Planned to do it yesterday, as my first ever post here, but had not enough karma)) + +I was born in Moldova, the poorest country in Europe. Statistics show that the average salary in Moldova for 2021 is $480/month, $5760 per year (before taxes). It makes me happy that I was able to break out of the numbers of these statistics, even if I had to wander around the world in search of a better life. Another reason why this achievement pleases me is due to the fact that my family never had much money, no one gave me pocket money(since we didn't have any extra), and in our best times, my parents had savings of $500-1000, but most of the time there were no savings at all. We lived from paycheck to paycheck. It happened that in the last weeks of months, parents borrowed so that we could make it till the salary day. I am very grateful to my parents for raising me and my brother. We did not starve, we were dressed, but now I understand that they do not know how to handle money at all. In this matter, only my grandmother deserves great respect from me. With incredible hard work, together with my grandfather, they managed to raise children, build a house with their own hands, help their children and grandchildren up to this day, somewhat of heroes in my eyes, but let's get back to my story. + +Back in 2013, Having received a scholarship and left to study at a university in another country, with approximately $ 300-400 savings. I have been very careful with money since childhood, practicing a very frugal lifestyle. Using free sources from the Internet, I was able to master the profession of an interface designer and began to earn extra money in my free time during my studies (I haven't worked for a day in my specialty, realizing that I did not like what I was studying). Trying to spend less than I earned, investing in different ideas in an attempt to increase my savings, and working in my free time during that period (2013-2017), I managed to gather about 15-16k. I remember opening a bank account(hoping to earn some %) and feel so proud that I am starting a diversification and it is the beginning of my huge passive income...As a result, I learned that the deposit, at best, only covers inflation, and due to the devaluation of the local currency, I even lost in $ equivalent, but this was an important lesson about the currency risks in emerging economies. + +After graduation, I left for Russia to look for a job and since then I live and work in Moscow. While being here, in 2017, for the first time I was seriously thinking about investing in stocks because in Russia it is at least somehow developed, while in Moldova even now it seems like something extraterrestrial for the average person. At that time, the threshold for entering the investment field seemed too high and I rejected this idea. In 2019, I returned to investing subject, having learned about the FIRE movement along the way, and decided by all means to open a broker account. On October 1, 2019, I opened an Interactive Brokers account and for the first time replenished my account with $10,000. I have not missed a monthly top-up ever since, paying myself first at the beginning of each month. By January 1, 2020, my total capital (broker + cash) was approximately $ 43,500. At the end of 2020, we pooled our savings together with my wife (at that time my girlfriend) and we got about 81k (with my 73k). + +As I wrote above, thanks to my salary, stable growth of the stock market, and a couple of successful projects from my wife, our net worth for July 2021 exceeded 100k and is equal to about $115k. Maybe we would come to this amount faster, but we love traveling and it takes a good amount from our savings. + +1. 70k - a regular brokerage account (for citizens of Moldova, I do not know any ways to optimize taxation, I even have to pay 30% tax on dividends as a non-resident of the United States). 30% - VOO 10% - Gold (ETF and stock) 60% - Individual stocks(mostly some huge players like JPM, MSFT, JNJ, FB...around 15 companies). Due to some luck, I am at the same level as if I would simply regularly buy VOO, so I plan to shift mostly to ETFs and focus on generating some other sources of income. +2. The rest of the money is cash. Part of the money waits for interesting investment opportunities and the other part is a working capital that my wife uses in her work (she works for herself and fulfills orders for the arrangement / interior design). + +I am 28 years old, my wife is 31, no children yet. We have a car (which I did not include in the net worth as its price is insignificant). We are renting a one-bedroom apartment on the outskirts of Moscow. My current salary is $2,800/month (after tax), hopefully going to receive a raise up to $3370. I have a part-time job as a mentor which makes me 270$ more. My wife's income is hard to estimate, as it depends on the existing projects (which suffer a lot due to the pandemic). Last year she made $4000-4500, but this year she is already $5750$ ahead of my total income. We have calculated our FIRE number and will go to it, trying to keep the savings rate above 50% of income. It may have been messy, but I am very grateful that you read this far. I will be glad to answer your questions. +Not to belittle countries that aren’t developed, but most people would consider countries like El Salvador not very technologically advanced. + +The fact that countries like El Salvador are adopting crypto is amazing, and it shows the benefits when younger people are in power, as opposed to the vast majority of our government officials who are tech illiterate. + +Unfortunately many of them have become complacent, and think that our financial systems are perfect. + +**I tip my hat to you, El Salvador.** +Congrats, happy for the SPRT holders. Wanted to provide a quick update to the holders. + +A very unique situation happened today: a combination of **a market maker liquidity crisis** and **a short squeeze** simultaneously. I'll explain this and provide an update for what I believe will is a remaining bullish move for the remainder of the week. + +**Litquidity** + +Due to the extreme vulnerability of of the low float (only 5.5mil shares as described [here](https://www.reddit.com/r/pennystocks/comments/onhs9i/sprt_supportcomgreenidge_merger_q3_alternative/?utm_source=share&utm_medium=web2x&context=3)), it looks like the market maker either got close to running out of inventory (shares to sell) or ran out all together. I've never seen this before. It's complicated, but practically, the MM had to bid up it's own price to buy back shares to deliver to other orders to buy. + +https://preview.redd.it/ancqlj2z9ud71.jpg?width=1961&format=pjpg&auto=webp&s=530b9f43d892c38bcffcc153e0b7154beebd35b3 + +**Short Squeeze** + +The monster liquidation issues caused a rampant short squeeze after hours to $10.86(!), highest price so far in the last couple years. Are we done? I don't think so. By my count, only 1.5mil of 5mil shorts covered (other shorts in fact reshorted). + +Looks great when we look at the last 4 months. + +https://preview.redd.it/vvvb22hd8ud71.jpg?width=1974&format=pjpg&auto=webp&s=031d8fedd41ab386e5639fc2b0b2d5a092a4e4b5 + +But zoom out a little and see the possibilities. + +https://preview.redd.it/cecllczq8ud71.jpg?width=1974&format=pjpg&auto=webp&s=22c413b199f67bd034c0af518ef13d1e76ecbe3c + +A combination of things may take us here including having nearly **60% of shorts still open** (several million) as well as a **mess of FTD's coming due.** Will touch on this in a later post. + +**Tomorrow** + +Tomorrow, approximately **$2.7million in sold call premium will be closed out** in the morning either by margin requirements, risk management, or being blown up and margin called. It will be the equivalent of someone coming in and buying a ridiculous amount of calls right at open and it should pop the price and IV make your calls and shares more valuable. + +My advice would be to not sell everything before this. Let the shorts work for you. + +&#x200B; + +[Today's opened naked calls\/credit spreads\/covered calls](https://preview.redd.it/gian0r589ud71.png?width=1180&format=png&auto=webp&s=b5973b93068f15690fed853870daca4365611ce4) + +[Yesterday's opened naked calls\/credit spreads\/covered calls](https://preview.redd.it/xtequxu89ud71.png?width=1166&format=png&auto=webp&s=5f888eac740ad04019a618369335da6025d90ddc) + +Enjoy having the shorts make you money from their own greediness. + +Cheers. + +&#x200B; + +Edit 10:20pm EST: The run right now in \[related digital assets\] may definitely help this in the morning considering the Greenidge merger. + +Edit 2: 11:45pm EST: I've been asked about price targets. I'm hesitant to say 1) NFA and 2) I'd be full of it and 3) nobody knows. What I can say is that high frequency trading algorithms run this all. These algorithms tend to gravitate to towards liquidity gaps (price discovery) and towards stops. + +I'm looking for gaps post breaking $9.5 in RTH: 1° at $16 -- 2° at $33 -- 3° at $49. Price moves fairly quickly in between gaps. + +https://preview.redd.it/9irbupblnvd71.jpg?width=1974&format=pjpg&auto=webp&s=9f4b6b2e39e06d9a7beea53b84ea1f1191365a57 +So I just realized they banned GME from another thread. At first I assumed it's because they were sick of GME spam. I went to see what's being pushed over there since I haven't visited in ages. I clicked on a few posters on the front page, and low and behold: bots and REALLY suspect accounts spamming the same links everywhere on Reddit. It's literally the same 5 stocks being spammed. Don't just blindly believe me, go look yourself. I also noticed a lot posts have really little activity. Yet there are 10 million subscribers... It's scary how an uninformed person can visit WSB after watching something like CNBC and just lose all their money. Is this their new way of ensuring retail always gets cheated since they know the younger generation doesn't follow boomer news? These guys are really scum of the Earth. +Email: +Hello + +We’re sorry to hear that you haven’t received your item(s) from order #205-3006941-9514768. + +We have fully investigated this matter with the carrier. It appears that  the package weighed the correct weight, ,0.370(kg, upon delivery. The  package was delivered in good condition, with no visible packaging  damage. + +Based on the results of our investigation, we won’t be able to provide a replacement or refund for this order at this time. + +If you think that someone has intercepted your item, this is a crime,  and we advise you to contact your local police authorities, if  necessary, in order to pursue this matter further. + +If the issue isn't resolved after contacting local police, please contact us again and include a copy of the police report, crime reference number and  details of the station where the incident was reported. Please note we are only able to provide a replacement order or refund on reports that we can validate with the local police force in question. For that reason, we are unable to accept reports filed with Action Fraud, as this is a reporting centre, rather than a local police force. + +Please forward a PDF, JPG or PNG copy of the report to the following address: uk-deliveryinvestigation@amazon.co.uk. + +Please be sure to include key information including: + +- Name/Rank +- Station/Organisation +- Phone Number +- Crime Reference Number + +Without the police report, we're unable to take further action. + +Thank you for your understanding. + + +Warmest regards, + + +Amazon.co.uk +Your feedback is helping us build Earth's Most Customer-Centric Company. + +========================= +I DID NOT say that the package arrived in good condition. Can I file a chargeback with my credit card and win? Will I win but get banned? If I get banned, will I be banned by Amazon co UK and not Amazon com? I got this item in London using Amazon Co UK but I'm an American and will be not using COUK again +If you don't know who he is, you probably know him by this screenshot|| + +[BTC was at $11 in 2013.](https://preview.redd.it/20aszvtjhht81.jpg?width=648&format=pjpg&auto=webp&s=1f3a5deefe216ff78d994656ae85fc875a743e84) + +He has been involved in different pump and dump coins but the recent coin he tweeted was a complete rugpull. Here's the screenshot of his tweet. + +[It got rugpulled.](https://preview.redd.it/815sy5xqhht81.jpg?width=1232&format=pjpg&auto=webp&s=5a54bf0b7a7f5477ab9b87cb9b79bcfd6ff94ab7) + +&#x200B; + +https://preview.redd.it/xiaq5sguhht81.jpg?width=1208&format=pjpg&auto=webp&s=d10218caa38458334bb4159a009c6abc2bfa8f89 + +Please stay away from these YouTubers always do your research before investing into these shitcoins just because he shilled Bitcoin doesn't mean his all shills are legit. + +&#x200B; + +Report him to the Dubai police so he gets what he deserves, he has deleted his tweets. + + [https://twitter.com/DubaiPoliceHQ](https://twitter.com/DubaiPoliceHQ) + + +[https://twitter.com/Davincij15/status/1514054596376907781](https://twitter.com/Davincij15/status/1514054596376907781) Here he's shilling another scam which got rugpulled too, if you check out the replies people still don't believe he was involved in it they think his account got hacked. +Imagine you're an average Robinhood user and on July 28th you see some penny stock for a camera company nobody uses shoot up 300% because they can make cameras with vaccines now or some shit. + +And then FOMO wants you to invest now but you think "This shit has peaked." + +Then imagine it goes up like 500% the next day and now you regret not going all in when you had the chance. But, you think "Now it has peaked." + +Imagine, 30 minutes later, the stock goes all the way from $2.50 to $54, a weekly increase of +2,370% + +And now you think,"Fuck it, I'm riding this to the moon." and you invest at $54. + +And then it drops from $54 to $30 lol get fucked +Part of the fun and caution around bear markets could be how low cryptos prices have gone done since the top. + +It can easily make someone think that it's both a great opportunity while simultaneously being a bit of a risk too- IE- what if I invest bit and the crypto market tanks. + +The upside can be quite big too, of the crypto market manages to go big at some point in the future. IE- you may even be able to double or triple whatever money you have now by investing in it- 'if' big bull runs are still to happen. + +How do you view the risk of crypto at this point in time? Are you certain that crypto will come back strong at some point and when do you think that might be? + + 🐮 🐻 ✌️ +Alright I’m gonna write this so you only need to read this once, so rub your crusty eyes, fix your posture in your chair and recompose yourself you animal. This coin is going to the MOON and I can list several bullish, fundamental reasons (albeit vanilla) why; such as: + +1. Self Doxed Dev +2. Audited and cleared by WOR +3. Partnership with $FEG (Elon has given $FEG publicity) +4. New bottom of 1 cent with HARD support +5. Beautiful NFTs made by community members +6. 80% Growth of community in the past 3 days alone +7. GREAT Tokenomics +8. Low MCAP, huge room to grow +9. In the time I have started this post it has jumped from .013 to .017. + +Alright so besides all these beautiful things, the reason why I KNOW this coin will meme is because of TWO THINGS: + +1. The Enthusi-fucking-astic community which keeps on growing on tele. Seriously it’s just fucking memes and talking about making making more and better memes with FEG (Dogira vs King Kong/Gorilla). It’s seriously just fucking fun. +2. MEME COINS ARE IN AND MEME MAGIC IS REAL. This is a bull run, there are plenty of other low mcap projects that are out there that have HUGE usage and I’m invested in those too. Here I’ll drop one that people won’t talk about but will moon in 2-4 months; $UNN. That being said you cannot ignore the power of memes and it’s influence. The sheer mention of Elon posting about Doge brought in so much new money into the Crypto Space. Dogira is in fact a product of, and will be propelled, by MEME magic and its enthusiastic and fun community that continues to grow. You have seen in the past week meme coins that have more than 30x, and it’s definitely what’s in season. You cannot deny that. Drop in to the tele, see what the community is all about, have some fun and make some fucking money. If you like the coin drop, .2 ETH at the minimum so when this DOES moon you don’t feel like a dick. Get in while you still can you degenerate. + +The TX: 0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1 + +Ether: https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1 + +Tele: +https://t.me/dogiratoken + +Website: +https://dogira.lol +So during this Dip in the Market I managed to liquidate my stonks and ETF to put it in Bitcoin. Bitcoin is the answer and the only asset I can trust to hold it for decades. Other than corporations. + +What do you think should I do? Should I try to time the market if let‘s say the market turns really risky and euphoric by 2023 or shall I hodl and nevermind? + +I love the diamondhand and never sell movement, but I also don‘t wanna live like a wageslave just to stack sats until I die lol. + +Btw I live in Europe so studying cost are basically almost zero. +My understanding is that a leasehold means you own the "living space", or "the right to live there", but that if the owner of the property itself decides to say bulldoze the place and build a new building, you'd just be outta luck? + +Anyways, I read this paragraph, and just... have no idea what they're talking about: + +"*This is a leasehold property, but AOAO has a 62% beneficial interest in fees and is continuing efforts to purchase the remaining interest to convert it into Fee Simple.*" + +Is that, like... a *good* thing? What does it mean? + +Coming from the mainland, the idea of "buying a house" a *not* owning the property sets off all kinds of red-flags in my mind, but my understanding is this is not only common, but *normal* in Hawaii? Land is obviously at a premium, and they aren't making any more of it, so I suppose that's the only way to reasonably allow so many people to live in such a congested location. + +Anyways, I'm just trying to get a feel for what the housing market's really like living in Hawaii. I *assume* houses are probably becoming crazy-expensive, just like everywhere else in the country, but I've been looking at listing prices over the years, and... well, they *seem* surprisingly affordable right now? Maybe I'm missing something? + +In addition to just answering my stupid questions, I would certainly also appreciate any sort of feedback or advice from anyone who *is* familiar with Hawaii's housing market, particularly Oahu (which feels like it would be the most stable, both in terms of finding employment, and potentially renting-out down the road if possible). +I wanted to pull some cash out for the weekend. It is over $10,000 as I’m looking at a travel trailer. I didn’t want to spend my cash on hand so I did a small personal loan with them till we figure out what the economy and inflation will do. (FWIW I did it all online and they direct deposited the funds, so this branch might have not known) + +After I verified my identity she asked what did I do for a living. Puzzled I replied honestly. When she came back on I asked her why she asked that and her reply was “we have to file the request per occupation, it’s not a big deal.” + +That didn’t really make any sense to me. I have been a customer since I was 18 (now 37). Anyone have any insight? + +Edit: This gained way more traction than I was expecting. Thank you all for the valuable information. Hope it helps others as well. + +There is something extremely divisive going on in this sub and it needs to be addressed. Over the past month there has been a SEVERE uptick in other tickers mentioned in this sub, specifically moviestock. This is what I’ve been noticing, and I don’t think I’m the only one. + +It started with just screenshots being posted that contained “Moviestock” mentions specifically some vague news along with repeated mentions of GME and “Moviestock” together. These FUDshots came as a trickle at first but the tap has been slowly turning to full blast. Back in early July these things were getting called out by watchful apes, it’s now almost impossible due to the sheer volume. I’ve been seeing posts with DD information that solely pertains to GME with #moviestock on it and ALWAYS BEFORE ANY MENTION OF GAMESTOP. This is some sneaky ass FUD. + +THIS IS A GAMESTOP ONLY SUB. MOVIESTOCK DOES NOT BELONG HERE + +These “FUDshots” have became more and more prevelant to the point where the “Ape no fight Ape” narrative has now returned. Now I’m seeing posts about partnerships between the companies with all kind of support. + +THIS IS NOT THE WAY + +There is ONE stonk that is debt free, has an aggregous short position against it, has a low float, and is on a massive turnaround. + + +IVE BEEN HERE QUITE A WHILE NOW. Moviestock was only mentioned on WallSkeetMets until AFTER GameStop started rocketing. In fact the most credible evidence “Moviestock” has going for it as a MOASS candidate is its identical price movement. + +Now let’s get hypothetical for a sec. + +If I’m an institution getting railed by the internet because of an obscene, impossible to cover short position, what’s the first thing you’d want to do? +Convince as many investors to not invest in that stock. Media manipulation just isn’t enough in this situation. Convincing investors that a different, cheaper stock has MOASS potential has proven QUITE SUCCESSFUL. + +This sub knows that the price is constantly wrong and being manipulated every damn day. Would it not benefit these SHF and short Institutions to manipulate the price of a second stock to match the price movement of the one true MOASS stonk??? Pair this with the passion of the REAL investors they’ve duped onto fabricated hype trains and an endless supply of YouTube “influencers” that exclusively shill “Moviestock” and you’ve got the perfect way to funnel as much retail cash away from the one true MOASS stonk. + +Moviestock investors, +I really don’t enjoy shitting on you like this. I just really believe we’re alll getting played HARD by these institutions. I love your company, in fact I saw two movies at a Moviestock they’re this weekend and enjoyed myself immensely. That doesn’t change the fact that there is only one final short squeeze, one short squeeze to end short squeezes, ONE MOASS. + +If I haven’t tickled your suspicion nerve that’s fine, I’ll leave you with one final statement. + +THIS IS A GAMESTOP ONLY SUB. FUCK OFF WITH ANYTHING AND EVERYTHING THAT ISN’T GAMESTOP. + +This is a hill this Knight is prepared to die on and I hope I’m not the only one. + +Edit: formatting +https://www.cnbc.com/2021/08/30/paypal-is-looking-to-launch-a-stock-trading-platform-for-its-customers.html + +PayPal is exploring ways to let users trade individual stocks, according to two sources familiar with the plan, and public details around a new executive hire. + +As part of that expansion, the payment giant hired a brokerage industry veteran to lead “Invest at PayPal” -- a previously unreported division of the payments giant. + +The move comes amid a retail trading boom that brought millions of new investors into the stock market, and more regulatory scrutiny for some brokerage firms. + +This is a definitely good news for paypal. It is the best fintech play and the customer bases are growing very healthy. By adding the stock trading platform, it can attract more customers assets and able to generate more revenue. +I’ve started doing research on ETF’s which seem like the perfect option because it’s immediate diversification while buying a stock in a company will be more prone to fluctuations. Are there any downsides to ETF’s? +Hi all and Happy Holidays! + +&#x200B; + +I'm in my early 30s. Recently had a big liquidity event last year through selling my software startup for about $10MM. My money is currently in the stock market, which makes me nervous, especially as of late. I'm seeking advice as to whether you think Real Estate is a good path to capital preservation (and keeping up with inflation), while getting monthly living income. + + +If I was to allocate $2-4MM to enter the real estate business, what is the best way to get a return? My thought process right now is finding properties suitable for short term rentals, buying them with financing in place, and involving a STR management company that would take care of 99% of tasks. I understand that there's risk of cities cracking down on STRs and making them impossible to operate because of regulations. If this becomes an issue, I would seek to sell the property or rent it long term. + +&#x200B; + +I have a goal of clearing $30-50k/month pre-tax. Is this completely unrealistic given the amount of capital I'm able to deploy? I would be able to dedicate 100% of my time to this, but would also like to be able to manage remotely. + +&#x200B; + +Do you think the STR route is good? or which "modality" of real estate investing do you think is the most profitable? + +What are some guides or resources you would recommend studying before making any moves? + +How do I research where the "hot" and profitable markets are? + +&#x200B; + +I am even willing to pay someone experienced to consult and guide me through this. All feedback is \*highly\* appreciated. + +&#x200B; + +Thanks! + +&#x200B; + +&#x200B; +I own two rentals and one primary. I stopped buying after that because I felt like I could become over leveraged. I am full of fear and don’t know how to proceed. How do I develop my mindset? Are there any particular books I should read? +When getting an investment property, how would you setup your bank accounts? + +And how would you do it when your portfolio starts to grow? + +&#x200B; + +Like: + +Starting with 1 property, you would have: + +1.Operation account- for receiving rent (by property) + +2.Maintenance account -% of money goes for repairs (by property)? + +3 Paying your mortgage from rent(1 Account) + +4 Deposit account (by property) + +5 And your personal account for keeping what is left as income(1 Account) + +&#x200B; + +Is this good structure? + +Would this be overkill if there is 30+ and more properties? + +What would be best structure? +So we are currently in a house hack situation. We do have the means to pay off the last $150,000 or so of the mortgage which would save us about $1500 a month or about $26,000 interest over the last 10 years of the mortgage. + +We have a good rate at 3% for the next 10 years. But I’m curious as to whether it makes sense to keep the mortgage for tax purposes or what I’m overlooking? Given that this is a house hack and for some additional reasons like I’d like to take my foot off the gas at work, it’s not the traditionally leveraged straight up real estate investment. That being said we do have a second home that will be our retirement home someday. We could relocate there sooner rather than later. + +FYI I am 45 years old, SO is 52 years old. No kids. We have approximately $450,000 in retirement accounts (granted in a record high market) and conservative valuation of this two family is approximately $550,000. No intention of stop working just lower our income needs. +I have some rentals in California and recently had an applicant who is from a European country here on a work visa. How do you screen their credit? I don’t want to end up with “Inventing Anna” in my house lol! Thanks! +So I searched on ways I could invest in real estate. I found this company, roofstock.com, where I can invest in. Searching through reddit, I see no recent discussion or reviews on such real estate investment companies. Neither I know if there exists any other company (not bigger pockets) which is in the same retail RE investment business. + +Like any/most of us, I saved up some cash with a mindset to invest in an RE in next one year with the minimum expectations of earning a regular monthly income which could pay off it's mortgage, property tax, taxes on monthly income, and maintenance of this new investment property. This my understanding of break even. + +So, several questions here: +1. Is my expectation to at least break even not possible? +2. Anyone has a review of Roofstock.com to share? +3. Is there a better approach to invest in real estate (not REIT) without syndicate? +Hey all, apologies if this isn’t welcome or if I missed some info in the wiki or something. + +I’m looking to purchase my first rental property in the next year or so (thinking waiting until rates go up and the market cools a bit may be beneficial). Can anyone point me in the direction of a good book, podcast, etc that may have helped them when they were just staying out? Essentially looking for any and all information to help me make the right decisions. My goal is to eventually be purchasing a property once every two years or so. + +Thanks all! +I just bought a brand new renovation. It is mostly carpet, and I have a lot of applicants who have pets. Obviously, my first reaction is to say no to pets. + +&#x200B; + +However, I have heard of tenants simply lying and going around the landlord's back. Another option would be to do a monthly pet fee and a higher security deposit. The normal monthly rent is $900/mo. + +&#x200B; + +What's the best way to handle this? There is a potential to make a little extra off the top, but I can't help but worry about pets peeing on and tearing up the carpet in this new house. +As the title says, I have around $500k-$700k of home equity in my primary residence that I could potentially use to invest in another property/real estate opportunity. I’m considering looking into a way of how we can passively invest some of that equity in real estate so that my husband can be a stay at home dad to our child and we could possibly retire early. I’d be interested in hiring a financial advisor who is knowledgeable in this type of investment tactic, so what sort of advisor would we need to look for to help us accomplish this? I have literally no clue how to passively invest and would need someone to explain everything to me in layman’s terms. TIA! +This will be my 1st property purchase. I have saved a good amount of money and so did my friend. We figured we would make more money if we merge the funds to better/bigger multi unit property. + +How have you guys dealt with a situation when shit hits the fan? Such as: co investor wants to cash out, or gets lazy and stops putting the energy and time to maintain the investment is capital is needed for repairs and such + +What other thinks should I address with him before I jump into this agreement? +New property hit the market this morning in an area I've been prospecting for the past few months. Info as follows: + +Duplex / 2B 1Ba / 3B 1Ba - 2B is vacant can be rented for $1,100 & 3B is rented for $1,395 + +Sold in 2013 for $90,000 / Currently listed at $200,000 + +Utilities are on separate meters & Separate Gas, Electric and water meters. Landlord responsible for sewer. + +Taxes: $5880/year + +Let me know if I missed anything. + +Edit: Insurance $80/Mo +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. +Hey folks, + +I'm thinking of taking a career break (12 months) so that I can pursue some further education and maybe get a job in in data analytics. I'm studying a grad cert in Data Science and am doing additional study on Datacamp (Python, R, SAS, SQL, PowerBI etc...) so I can get a familiar with the tools required for the job. I also want to travel a bit next year (1-2 months) as I really feel like a need a bit of a break after the last 3 years. + +I currently work in a 24/7 operational government role (think ATC, kinda...). The job pays okay ($100k after shift penalties and OT) but is incredibly niche (can't get a job anywhere else in Australia), has inhumane shift work (rotating 24/7 roster) and is completely dead-end and isolating. There is nowhere really to go from here apart from another operational job (more shift work) which I completely want to avoid. Long term, my job isn't really sustainable and I don't really want to keep doing this in the future. + +I'm at a bit of an awkward phase in my life. I've just turned 30, single. I would like to find someone in the next 6 - 12 months and settle down and have some kids. I have a 20%+ deposit saved and ready to go but have been waiting for a slight downturn in the market before I put it down on a house. + +With the recent interest rate hikes (and proposed hikes) it seems that the next 6 - 12 months would be the ideal time to get a house around $750k before they start to skyrocket again. If I do end up getting a job next year, it would be an entry level and I assume the pay would be around $65k ish (or maybe a bit higher). Obviously this would greatly affect my borrowing capacity and delay me entering the market for a while (who knows how much house prices will rise in 2023/2024). + +Now If I put in an application for a career break (need to give 6 months notice), I assume no lender will touch me even If I have the 20% deposit and maybe go Interest only (would rent it out) for the 1st year. + +So my question is, is this the right time to take a career break or should I stick it out in this crappy job till I buy the house then try for a career change once I get a partner and stuff? +Pretty much the title. If you just want a ride to get from A to B that is used minimally there are no EVs that can compete on price. What do you think base EVs prices will get to in Aus? +Hey guys, +Will taking out a loan and buying an apartment in Melbourne, (probably close to the city, 500-600kish), set me back if say, in 7 or 8 years time I want to buy a house in Melbourne? I definitely can't afford a house right now. +Would I be better off just saving for the house? (I would just be renting for roughly 1.2k a month anyway if I don't buy apartment, +Thanks, any info from someone who knows their stuff is appreciated +I'm 28, earn almost 60k a year before tax. My gf earns a little less than that at 25. +We both expect to be on higher salaries in the next two years, as I attempt a move to management and she has finished her Public Health Masters with a very good Sales background. + + +I don't think I am rich enough to have children, so they are pretty much off the table for us. + + +I was just wondering, should we be attempting to buy a shitty apartment in Sydney for like 450k, or a house out west for 650k? + + +Or should we just save and save and save for ages and buy a place outright for 300k 3 hours out of Sydney? + + +It just doesn't make sense to me that I should be 45 before I get to have my own place, so I am trying to figure things out but it seems that the government doesn't think I deserve my own house. + + +Please answer seriously. +2nd Quarter of 2021 did NOT have a "short squeeze" risk factor. + + +THe 10-K (annual report) did have the risk factor. + + +Ctrl+F Short squeeze, and the 2nd quarter 10-Q doesn't have any results: + [June 9, 2021 - 10-Q: Quarterly report for quarter ending May 1, 2021Open document](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001326380/000132638021000066/gme-20210501.htm) + + +Ctrl+F "Short squeeze", and the 3rd quarter 10-Q has 6 results: + [September 8, 2021 - 10-Q: Quarterly report for quarter ending July 31, 2021Open document](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001326380/000132638021000090/gme-20210731.htm) + + + +Tit Jacking? +due to the recent absolutely heart-breaking news about a new trader on RH, I vow to renew my commitment to tell OP's they are an idiot if their post says "I'm in this option position and idk how to determine the price of an option" +Im due to finish payments next month with the final payment, its 70 instead of my usual monthly 218 which was setup as DD after getting the letter a. year ago about avoiding overpayments. Im not sure how this will go, will they debit the 70? or take 218 and ill have to claim it back? any ideas? Thanks +Just now, US CPI has offically been released and comes in at 8.5%. That's a good margin below the estimates of 8.7% and massively below last month's CPI of 9.1%. Markets will now probably start to rally. And that lower inflation was crucial for Crypto to continue its rally and expand it further on. + +Also in my yesterday's post about inflation numbers I layed out the scenario of a lower than 8.7% inflation and that will mostly happen now. + +It has especially been important as the FED will have no arguement at all now to do a 100bps hike and weay be looking at a 50bps hike next month that could make markets pump even more as the FED is looking to pivot now. Who knows whether inflation has peaked now bit the US government will definitely make it market like that as we are going into Midterm elections. Crypto will have less moving forward from the FED and a reversal, at least for now, is actually possible. +So I'm about to take the leap and quit my 9-5 to trade full time. +I have a decent account, decent savings to live off for a while and a supportive partner. +I've taken weeks at a time off last year to trade and made decent returns 2/3 of those weeks and a minor loss 1/3. + +I'm sick of my current job with not much to do, but too much to trade while there. I trade after work but miss a lot of entries that I have to watch run. + +I'm going to go all in and see how I go full time for a few months and drive Uber or something in my down time if the market is slow for some extra cash. + +Please share your thoughts/experiences, anyone done this? How did it go? +I am 38F. +I recently pulled all of my accounts into Mint and it seems the numbers should be legit for FIRE but I am not sure if I am ready. I have high expenses. If you are a number cruncher, do you mind go through my numbers and advise how you would work with what I have to achieve a more enjoyable life than working full time? + +Assets list: + +Cash Taxable: $18000 + +Securities taxable: $74000 + +IRAs & 401K: $563000 + +Primary residence : $885,000 (mortgage $543,000) + +Rental residential: $520,000(mortgage $319,000) + +Rental Commercial: $1,260,000 (business loan/mortgage : $363,000) + + +Income: +W2 : $134,000/year + +Rental residential : $2400/mo, ($700 cash flow a month) + +Rental commercial : $9300/mo, ($3600 cash flow a month) + + +My liabilities are mostly these 3 mortgages ($8400/mo), a hefty tax bill of $55,000 both Fed and State and lots of property taxes total $22,000 plus $12000 in annual insurance dues. So you add them up, that's a lot. Plus I max out 401K and I put $7000 a year away for college 529 for 1 child I have. + +So I feel although I make a great income and my networth is around 2 million, but I am also enduring huge bills each month. So I am not comfortable to let go of my W2. What would you do differently? + +Good people of r/financialindependence: + +&#x200B; + +On your slow and steady journey to FI, do you ever feel a tug to take a risk when you hear about someone who built a great company (or accomplished some other great feat) relatively early in their lives? + +&#x200B; + +I'm in my late 20s with a solid net worth, and am on my way to reaching financial independence in my 30s. For those curious, I'm a midlevel associate at a large law firm. While I think I can build a nice nest egg in this profession, and eventually FIRE in a MCOL area there are certainly times when I wonder if I am dreaming too small. We live in an exciting time when new and innovative ideas (including FIRE) are being introduced and I sometimes wonder if I will look back on my youth and wonder if I should have been more courageous and tried to find my passion or impact the world on a larger scale. + +&#x200B; + +In particular, I am concerned that by the time I am FI I will be too old to take a bigger risk and am settling for a good (but not great) life. + +&#x200B; + +For those of you who have felt this way, how have you dealt with those feelings? What would you tell someone in my position? I'm especially curious to hear from those of you who are a little older and farther along the journey to FIRE. + +&#x200B; + +Thanks! +I'm a 27 years old teacher in Canada btw. + + +Can you reassure me that it wouldn't be stupid to retire early in this situation OR confirm that it would be stupid to leave so much money behind. + + +Thank you! + + +Edit: Nevermind, /u/jmanthethief and /u/uencos made me realise that I can retire early, I just can't take my pension early. I knew there were people here that would be financially smarter than me. :) +Patience and HODLing does pay off! For those who held and didn’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 don’t know how to get moons, simply open your vault on the reddit app and you’ll get moons! How you ask? Simply by receiving upvotes on your posts and comments in r/cryptocurrency, it’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! +If the infrastructure bill is passed, it'll go to the House - who are significantly more pro-crypto than the Senate. *Any* crypto provisions passed won't be active until 2023 at the **earliest**. + +There's plenty of time to fight and overturn this if necessary - whether in Congress or in the courts. + +For now, **call your senators.** + +But also remember: + +1. We will not fall off a cliff tomorrow. + +2. Innovation always outpaces regulation. + +3. Crypto is inevitable. +Hello, + +&#x200B; + +Long story short, me and my partner currently have £4500 in 0% interest debt, the debt repayments for all of this combined is £360 a month. This is 4 separate loans/credit cards used to mainly buy furniture and other general moving related costs when we moved earlier this year. All of the arrangements we have with theses debts mean they'll all be paid off before any interest kicks in. + +&#x200B; + +Our take home pay fluctuates slightly between £3000-£3200, so currently these debt repayments are taking up over 10% of our entire income, is it worth us attacking this debt Dave Ramsey style, so that we have an improved cash flow position, or as these are inflationary times we sort of see it as 'healthy debt' and just chip away at it as we've been doing. By the end of 2023, £3500ish of the £4500 would've been cleared. + +&#x200B; + +Basically, are we missing anything with this in terms of a precedent in terms of what to do, or does it entirely depend of personal preference/situations? +i've been buying Bitcoin every month since it was 200 + +i;ve always been a saver and not a spender, the banks barely give me any interest on my savings, it's complete bullshit + +i really hate the banks, they always reward the spenders who are in debt + +it's unbelievable how much money i have made in the last several years + +it makes no sense to take out my bitcoin and put it in a bank, where i get no interest + +i am richer and richer everyday + +even with all this money, i still don't have anything to buy, + +i have everything in my life that i need, + + +even if i hit 1 million in the next several years, i am unsure what to do with all this money + +this is how the monetary system should be like, +with a monetary system like this, there would be no need for pensions +we can take care of ourselves, + + +thank you Bitcoin & thank you to everyone supporting bitcoin +Hello apes of all genders. With the awakening given to us by u/atobitt regarding the rampant corruption that runs up and down the chain I began my due diligence. I ran across an article that I thought had to be shared. + +I would like to say that I didn’t write this article but it’s on a crappy website that wants to spam you with ads. However, it’s written in a mature ape language that’s easy to understand and reads to me who the actual illuminati is. Surprise it isn’t the Rockefeller’s, Rothschilds or Bilderbergs. + +Here is the article: https://www.dailystar.co.uk/news/weird-news/secret-trillion-dollar-company-owns-20790205 + +Enjoy 🍌 + +Conspiracy theorists are convinced that a tiny organisation owns all of the wealth in the US. + +Who owns America? That depends who you ask. A growing body of opinion points to an obscure, but immensely powerful organisation called CEDE and Company. + +This small New York based financial institution has a dozen directors and no more than a half dozen employees but holds, according to some reports, some 34 trillion dollars in assets. A complex system of interlocking bodies, such as The Depository Trust &amp;amp;amp;amp;amp;amp; Clearing Corporation, the National Securities Clearing Corporation and the Fixed Income Clearing Corporation oversee all stock trading in the US. They all come under the umbrella of Cede. + +And, on paper at least, own all the stocks traded. The multi-trillion dollar secret works like this: The Depository Trust Company is a private bank for securities. Every other financial organisation in the US, bankers and brokerage houses, is obliged to secure membership with DTC. +Like the Federal Reserve, DTC is a private company entrusted with national responsibility. It processes all stock and paper securities for every US bank and brokerage house. + +Cede technically owns nearly all of the publicly issued stock in the United States. Private investors don’t own the stock they think they own, but rather have contractual rights that are part of a complex chain of rights ending up at Cede and Company. + +It sounds dry and academic, but it impacts every American. And as long as the USA remains the preeminent economic power on Earth, it affects the rest of us too. + +The Depository Trust Company absolutely controls every paper asset transaction in America and they physically hold the majority of stock and bond certificates in their name. Very few people hold genuine stock ownership certificates. Most trust their brokers to do that for them. + +And many Americans, who unlike Brits depend on private finance for all of their retirement and health needs, are concerned that these precious stocks could at any moment ‘vanish’ overnight to service the country’s staggering national debt. The Depository Trust &amp;amp;amp;amp;amp;amp; Clearing Corporation is notoriously publicity-shy, but the DTC’s Jim McNeff spoke to financial journalist Anthony Wayne. Explaining to Wayne how infallible the DTC’s governance of the US stock market was, he said ”DTC's first controlled test was 4 or 5 years ago. Do you remember Black Monday? There were 535 million transactions on Monday, and 400 million transactions on Tuesday". "DTC cleared every transaction without a single glitch!". + +Wayne’s conclusion from that interview that Black Monday – a colossal financial downturn that ruined many Americans – was a controlled test. That it was a deliberately manipulated disaster for the benefit of the DTC. + +With the global financial system becoming ever more complex, it’s increasingly hard for even the experts to understand much more than a part of it. + +The 2008 financial crash which led from a crisis in the US subprime mortgage market to a series of massive bailouts that taxpayers are still paying for is just one symptom of a system that’s not only too big to fail. + +As one Reddit user put it: “America has gone bankrupt 4 times. The government has mortgaged the entire country. No one really owns anything...we don't even have our original birth certificates. Titles and deeds have small print telling you the original is with the DTCC. + +“All the people, and their property, are really owned by Cede, which is owned by the private bankers… “It is not a lawful system, but it is legal.” + +EDIT 1: Found this 6Y Reddit user who was deleted and only got like 4 upvotes on his post 🤔 + +And correction it is the damn Rothschilds and fam. + +https://www.reddit.com/r/conspiracy/comments/26xqtg/who_owns_cede_co/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf + +EDIT 2: And we thought England owned us. Larger share holder in this shadowy clan is Australia. DTC is 13th in the club. LETS MAKE THEM LAST PLACE! + +http://www.gwb.com.au/gwb/news/banking/wpac97.html + +This is WWIII. They need us or the game is over. What are they going to do play against themselves? 10 Million floor is still cheap. We want reparations for all of our ancestors you reptilian creatures! + +EDIT 3: +- Owners of all stock certificates. +- Owner of all birth certificates. +- 🤔 +**TL;DR:** + +* **Normalcy bias can explain why many think that MOASS might not happen, why family & friends find it hard to believe the stock market isn't just a giant Ponzi scheme, and why no one is preparing if there is an actual stock market crash or other disaster. Normalcy bias research has been used in everything from disaster management for tornados, evacuation routes for stadiums, and more.** +* **To self-soothe themselves, humans like to think of alarming situations as part of business as usual. People also shame others--even those who correctly see the danger--to act as if nothing bad is happening!** +* **A famous case of normalcy bias includes the 1977 Tenerife plane disaster. Many people who survived the initial impact of another place tearing off the ceiling were stuck in paralysis. Though some had sufficient time to escape, many sat there waiting for instructions on how to exit as the plane was on fire and the flames overtook them.** +* **Reacting to a disaster takes valuable computation cycles--cognition, perception, comprehension, decision, implementation, and then movement. Practicing and prepping for it helps avoid dealing with those computation cycles when time is everything.** + +EDIT: All taken from this book: [https://youarenotsosmart.com/](https://youarenotsosmart.com/) + +Hey y'all, it's your friendly neighborhood throwawaylurker012, and I'm using thimbles as condoms for my eew eew llams this week. + +I was planning on re-submitting this today after saw u/Hipz awesome post on mental health resources: [https://www.reddit.com/r/Superstonk/comments/swizgb/superstonk\_mental\_health\_resource\_list\_a\_request/](https://www.reddit.com/r/Superstonk/comments/swizgb/superstonk_mental_health_resource_list_a_request/) + +&#x200B; + +https://preview.redd.it/lqb6uv97x7j81.png?width=927&format=png&auto=webp&s=14b5fcdfc2f2fc18da7fd4846c9c3df61f9c0e41 + +It reminded me that I had wanted to do a short series of posts discussing famous things in psychology that I thought were relevant to MOASS. This one--"normalcy bias"--I've posted about before nearly a year ago but thought it might be worth reposting (sorry!) as I'm looking to rev this series of posts up. + +&#x200B; + +As I mentioned back then, many of us are worried about the coming crash and MOASS that might come soon and it's perhaps worth addressing our emotions head on early. I think when this all does finally happen, people will be left in the lurch during this next global financial crisis. + +&#x200B; + +And whether it's the psychology of why your brain thinks the way it does--or why no one fucking believes us!--I think it's helpful to read about this and mentally practice (thank u/ewba for their Sir London site for one!) to keep our emotions in check when this finally happens. + +&#x200B; + +[sirlondon from u\/ewha for those that don't know!](https://preview.redd.it/s08e33tzy7j81.png?width=1901&format=png&auto=webp&s=82464b839cda646cdb025281ec3b2e1dd04e8cd0) + +&#x200B; + +\---------------------------------------------------------------------------------------------------- + +&#x200B; + +[That's my secret Captain, I already knew I'm not smart](https://preview.redd.it/6wjrc557z7j81.png?width=1500&format=png&auto=webp&s=9631f97707baaf9125dcb9f7b34190983da6fe56) + +*From "You Are Not So Smart" by David McRaney* + +**THE MISCONCEPTION: Your fight-or-flight instincts kick in and you panic when disaster strikes.** + +**THE TRUTH: You often become abnormally calm and pretend everything is normal in a crisis.** + +&#x200B; + +**If you knew a horrific mile-wide force of nature was headed toward your home, what would you do?** Would you call your loved ones? Would you head outside and look for the oncoming storm? Would you leap into a bathtub and cover yourself with a mattress? + +&#x200B; + +No matter what you encounter in life, your first analysis of any situation is to see it in the context of what is normal for you and then compare and contrast the new information against what you know usually happens. **Because of this, you have a tendency to interpret strange and alarming situations as if they were just part of business as usual.** + +[No it's fucking not](https://preview.redd.it/g7q7my2oz7j81.png?width=556&format=png&auto=webp&s=eed1ab2c3a56afc06e916e59b3f314364fea693c) + +For three days in 1999, a series of horrific tornadoes scrubbed clean the Oklahoma countryside. Among them was a monster force of nature later called the Bridge Creek–Moore F5. The F5 part of the name comes from the Enhanced Fujita Scale. It goes from EF1 to EF5 and measures the intensity of a twister. Less than 1 percent of tornadoes ever reach the top level. + +&#x200B; + +At 4, cars go airborne and whole houses are leveled. + +&#x200B; + +To reach level 5 on the Enhanced Fujita Scale, a tornado’s winds must exceed 200 miles per hour. + +&#x200B; + +The winds in Bridge Creek–Moore reached 320. + +&#x200B; + +[The Bridge Creek devastation](https://preview.redd.it/38n51q4qz7j81.png?width=1024&format=png&auto=webp&s=8ec24c52876320fcd8bee6a7cef90a9ac96c8250) + +Warnings were issued thirteen minutes in advance, yet many people did nothing as the monster approached. They milled around and hoped the killer would spare them. They didn’t attempt to run for safety. In the end, the beast destroyed 8,000 homes and killed 36 people. Many more would surely have perished if there had been no warning at all. For instance, a similar twister in 1925 killed 695. + +**So, given there was a warning, why did some people not heed the call to action and seek shelter from the colossus?** + +&#x200B; + +[tHeRe's nO mArKeT cRaSh cOmInG](https://preview.redd.it/1qb8l8yxz7j81.png?width=1400&format=png&auto=webp&s=6afae971dc540d55956739d1bc3584e6e1a1ff41) + +The tendency to flounder in the face of danger is well understood and expected among tornado chasers and meteorologists. Tales of those who choose to ride out hurricanes and tornado-spewing storm clouds are common. Weather experts and emergency management workers know you can become enveloped in a blanket of calm when terror enters your heart. + +**Psychologists refer to it as normalcy bias. First responders call it negative panic.** + +&#x200B; + +**This strange counterproductive tendency to forget self-preservation in the event of an emergency is often factored into fatality predictions in everything from ship sinkings to stadium evacuations.** + +&#x200B; + +[Not real life, but I guess the Mayans in this movie or whatever the fuck it was warned them](https://preview.redd.it/17y4v6h208j81.png?width=1080&format=png&auto=webp&s=58428d5b4c55d03c0ef55e6aa994ba452d5f7170) + +**Disaster movies get it all wrong. When you and others are warned of danger, you don’t evacuate immediately while screaming and flailing your arms.** + +In his book Big Weather, tornado chaser Mark Svenvold wrote about how contagious normalcy bias can be. **He recalled how people often tried to convince him to chill out while fleeing from impending doom.** **He said even when tornado warnings were issued, people assumed it was someone else’s problem. Stake-holding peers, he said, would try to shame him into denial so they could remain calm. They didn’t want him deflating their attempts at feeling normal.** + +&#x200B; + +https://preview.redd.it/pyt6wv8f08j81.png?width=928&format=png&auto=webp&s=7ad98bdde7b5eea0e0b0f5e2bb518f98f0556888 + +Normalcy bias flows into the brain no matter the scale of the problem. It will appear whether you have days and plenty of warning or are blindsided with only seconds between life and death. + +Imagine you are in a Boeing 747 airplane as it touches down after a long flight. You hide a sigh of relief once the ground ceases to rush closer and you hear the landing gear chirp against the runway. You release the hand rests as the engines power down. You sense the bustle of four hundred people preparing to leave. The tedious process of taxiing to the terminal begins. You play back some of the moments on the giant plane, thinking how it was a pleasant flight with few bumps and nice people all around. You are already collecting your things and getting ready to remove your seat belt. You look out the window and try to make out something familiar in the fog. Without warning, shock waves of heat and pressure tear into your flesh. A terrible blast rattles your organs and tears at all corners of the plane. A noise like two trains colliding under your chin bursts eardrums up and down the aisles. An explosion tunnels through the spaces around you, filling every gap and crevice with streamers of flame surging down the aisles and over your head, under your feet. They recede just as quickly, leaving unbearable heat. Clumps of your hair crumple into ashes. Now all you hear is the crackle of fire. + +Imagine you are sitting on this plane now. + +&#x200B; + +[fully prepped for normalcy bias](https://preview.redd.it/msk18feo08j81.png?width=736&format=png&auto=webp&s=298dcb54c1626352a8083ad629adcc7c6794a3ea) + +The top of the craft is gone and you can see the sky above you. Columns of flame are growing. Holes in the sides of the airliner lead to freedom. + +How would you react? + +You probably think you would leap to your feet and yell, “Let’s get the hell out of here!” If not this, then you might assume you would coil into a fetal position and freak out. + +**Statistically, neither of these is likely. What you would probably do is far weirder.** + +&#x200B; + +[\\"The Crash of the Century\\"](https://preview.redd.it/uaxxtgqr08j81.png?width=1280&format=png&auto=webp&s=f294a7b80cd6a5f10345f49f3d4c3baca04cc22b) + +In 1977, on an island in the Canaries called Tenerife, a series of mistakes led to two enormous 747 passenger planes colliding with each other as one attempted takeoff. A Pan Am aircraft with 496 people on board was taxiing along the runway in dense fog when a Dutch KLM flight with 248 inside asked to be cleared for takeoff on the same airstrip. The fog was so thick the KLM crew couldn’t see the other airplane, and both were invisible to the control tower. The crew misheard their instructions. Thinking they had just been given permission, they began to speed toward the other plane. Air traffic controllers tried to warn them, but radio interference garbled the messages. Too late, the captain of the KLM flight saw the other craft ahead of him. He pulled up hard, dragging the tail along the ground, but couldn’t take flight. He screamed as half of the KLM aircraft smashed into the Pan Am at 160 miles per hour. The KLM airplane bounced off the Pan Am jet, soared for five hundred feet, and then tumbled in a terrible jet fuel explosion. Everyone on board disintegrated. The fire was so intense it would burn until the next day. + +&#x200B; + +Rescue crews spilled out onto the tarmac, but they didn’t drive out to the Pan Am flight. Instead, they rushed to the flaming wreckage of the KLM plane. For twenty minutes, in the chaos, firefighters and emergency personnel thought they were dealing with only one problem and believed the flames peeking out from the fog in the distance were just more wreckage. The survivors on board the Pan Am flight would not be rescued. + +The engines were still running at full power because the pilot had attempted to turn at the last second, and the crew couldn’t switch them off because the wires had been severed. The crash sheared away most of the top half of the 747. People lay in pieces from the impact. Flames spread through the carnage. A massive fire began to take over the plane. Smoke filled the fuselage. + +To live, people had to act quickly. They had to unbuckle, move through the chaos onto the intact wing, and then jump twenty feet onto wreckage. + +&#x200B; + +[You can see the fully intact wing here](https://preview.redd.it/qv27dcbv08j81.png?width=800&format=png&auto=webp&s=1ed5c3ac091ed797ccaf1fa7fb4f00f23991dce3) + +Escape was possible, but not all of the survivors would attempt it. + +&#x200B; + +Some bolted into action, unbuckled loved ones and strangers and pushed them out to safety. Others stayed put and were consumed. Soon after, the center fuel tank exploded, killing all but the seventy people who had made their way outside. + +[this book is on my list](https://preview.redd.it/ot65m7mz08j81.png?width=290&format=png&auto=webp&s=c0ae2fbc3afdb59a61f790ed2c5f2e03d05715f7) + +&#x200B; + +According to Amanda Ripley’s book, The Unthinkable, investigators later said the survivors of the initial impact had one minute before the fire took them. In that one minute, several dozen people who could have escaped failed to take action, failed to break free of paralysis. + +**Why did so many people flounder when seconds mattered?** + +&#x200B; + +[one of my fav fucking things in this saga ever](https://preview.redd.it/vw4gcffi18j81.png?width=1920&format=png&auto=webp&s=c830ffeddbc9e14867c5b721f8c18e6924ee478e) + +Psychologist Daniel Johnson has rigorously studied this strange behavior. In his research he interviewed survivors of the Tenerife crash among many other disasters, including skyscraper fires and sinking ships, to better understand why some people flee when others do not. In Johnson’s interview with Paul and Floy Heck, both passengers on the Pan Am flight, they recalled not only their traveling companions sitting motionless as they hustled to find a way out, but dozens of others who also made no effort to stand as the Hecks raced past them. + +In the first moments of the incident, right after the top of the plane was sliced open, Paul Heck looked over to his wife, Floy. **She was motionless, frozen in place and unable to process what was happening.** He screamed for her to follow him. They unbuckled, clasped hands, and he led her out of the plane as the smoke began to billow. Floy later realized she possibly could have saved those sitting in a stupor just by yelling for them to join her, but she too was in a daze, with no thoughts of escape as she blindly followed her husband. + +&#x200B; + +[get off the trackssss ohhhhhhhh long johnson](https://preview.redd.it/y2qhrlip18j81.png?width=480&format=png&auto=webp&s=f548e8174245fbeee9a4a52b0913082c3d5a1129) + +Years later, Floy Heck was interviewed by the Orange County Register. She told the reporter she remembered looking back just before leaping out of a gash in the wall. She saw her friend still in the seat next to where they had been sitting with her hands folded in her lap, her eyes glassed over. Her friend did not survive the fire. + +**In any perilous event, like a sinking ship or a towering inferno, a shooting rampage or a tornado, there is a chance you will become so overwhelmed by the perilous overflow of ambiguous information that you will do nothing at all. You will float away and leave a senseless statue in your place. You may even lie down. If no one comes to your aid, you will die.** + +&#x200B; + +https://preview.redd.it/rnpmiyv328j81.png?width=863&format=png&auto=webp&s=058f4a59b99f6f13d2030f163317859a85ef06ff + +**John Leach, a psychologist at the University of Lancaster, also studies freezing under stress. He says about 75 percent of people find it impossible to reason during a catastrophic event or impending doom. On the edges, the 15 or so percent on either side of the bell curve react either with unimpaired, heightened awareness or blubbering, confused panic.** + +**According to Johnson and Leach, the sort of people who survive are the sort of people who prepare for the worst and practice ahead of time. They’ve done the research, or built the shelter, or run the drills. They look for the exits and imagine what they will do. They were in a fire as a child or survived a typhoon. These people don’t deliberate during calamity because they’ve already done the deliberation the other people around them are just now going through.** + +Normalcy bias is stalling during a crisis and pretending everything will continue to be as fine and predictable as it was before. Those who defeat it act when others don’t. They move when others are considering whether or not they should. + +&#x200B; + +\*\*\*\* + +&#x200B; + +&#x200B; + +**As Johnson points out, the brain must go through a procedure before the body acts—cognition, perception, comprehension, decision, implementation, and then movement. There’s no way to overclock this, but you can practice until these steps individually are no longer complex, and thus no longer take up valuable brain computation cycles.** + +&#x200B; + +**Johnson likens it to playing an instrument. If you’ve never played a C chord on a guitar, you have to think your way through it and awkwardly press down on the strings until you make a clumsy twang. With a few minutes of practice, you can strum without as much deliberation and create a more pleasant sound.** + +**To be clear, normalcy bias isn’t freezing at the first signs of danger like a rabbit who confronts a snake, which is a real behavior humans can succumb to.** To suddenly stop moving and hope for the best is called fear bradycardia, and it is an automatic and involuntarily instinct. This is sometimes referred to as tonic immobility. Animals like gazelles will become motionless if they sense a predator is nearby in the hopes of tricking its motion-tracking abilities by blending into the background. Some animals go so far as to feign death in what is called thanatosis. + +&#x200B; + +[Normalcy bias is...inevitable...](https://preview.redd.it/kb5tjpa928j81.png?width=1350&format=png&auto=webp&s=eb0fbdb6bd0b95b3a590b1418b870b3d86114dc2) + +In 2005, researchers at the University of Rio de Janeiro were able to induce fear bradycardia in humans just by showing subjects photos of injured people. The participants’ heart rates plummeted and their muscles stiffened immediately. T**o be sure, this sort of behavior happens in a disaster, but we are talking about something different with normalcy bias.** + +Much of your behavior is an attempt to lower anxiety. You know you aren’t in any danger when everything is safe and expected. Normalcy bias is self-soothing through believing everything is just fine. If you can still engage in your normal habits, still see the world as if nothing bad is happening, then your anxiety stays put. + +**Normalcy bias is a state of mind out of which you are attempting to make everything OK by believing it still is.** + +**Normalcy bias is refusing to believe terrible events will include you even though you have every reason to think otherwise.** + +**The first thing you are likely to feel in the event of a disaster is the supreme need to feel safe and secure. When it becomes clear this is impossible, you drift into a daydream where it is.** + +&#x200B; + +[ppl who don't know MOASS is coming, or didn't believe it would](https://preview.redd.it/qqui2wrd28j81.png?width=472&format=png&auto=webp&s=8c24c242ec2315e727acbb3e143297592f447bb7) + +Survivors of 9/11 say they remember gathering belongings before leaving offices and cubicles. They put on coats and called loved ones. They shut down their computers and had conversations. Even in their descent, most moved at a leisurely pace—no screaming or running. There was no need for anyone to say “Remain calm everyone,” because they weren’t freaking out. **They were begging the world to return to normal by engaging in acts of normalcy.** + +To reduce the anxiety of impending doom, you first cling to what you know. You then mine others for information. You strike up dialogs with coworkers, friends, and family. You become glued to the television and the radio. You gather with others to trade what you know so far. Some believe this is what happened as the Bridge Creek–Moore F5 tornado approached, which caused some people not to seek shelter. + +&#x200B; + +[Famous case some years back, where everyone basically who ignores those warnings early on a flight was caught putting their mas on wrong in an actual emergency](https://preview.redd.it/2p8yogbo28j81.png?width=964&format=png&auto=webp&s=06c06f9e411dbe349be09904b3bd144d744689ea) + +**All the tools of pattern recognition, all the routines you’ve become accustomed to are rendered useless in a horrific event. The emergency situation is too novel and ambiguous. You have a tendency to freeze not because panic has overwhelmed you but because normalcy has disappeared. Ripley calls this moment when you freeze “reflexive incredulity.” As your brain attempts to disseminate the data, your deepest desire is for everyone around you to assure you the bad thing isn’t real. You wait for this to happen past the point when it becomes obvious it will not. The holding pattern of normalcy bias continues until the ship lurches or the building shifts. You may remain placid until the tornado throws a car through your house or the hurricane snaps the power lines.** + +If everyone else is milling around waiting for information, you will too. + +&#x200B; + +[millingggggggg](https://preview.redd.it/5i2jypzg28j81.png?width=400&format=png&auto=webp&s=466b04f52873b26ed15fb5a77ecb11f5b99d18c6) + +Those who are deeply concerned with evacuation procedures—first responders, architects, stadium personnel, the travel industry—are aware of normalcy bias, and write about it in manuals and trade journals. **In a 1985 paper published in the International Journal of Mass Emergencies and Disasters, sociologists Shunji Mikami and Ken’Ichi Ikeda at the University of Tokyo identified the steps you are likely to go through in a disaster. They said you have a tendency to first interpret the situation within the context of what you are familiar with and to greatly underestimate the severity. This is the moment, when seconds count, that normalcy bias costs lives. A predictable order of behaviors, they said, will then unfold.** + +You will seek information from those you trust first and then move on to those nearby.Next, you’ll try to contact your family if possible, and then you’ll begin to prepare to evacuate or seek shelter.Finally, after all of this, you’ll move. + +**Mikami and Ikeda say you are more likely to dawdle if you fail to understand the seriousness of the situation and have never been exposed to advice about what to do or been in a similar circumstance. Even worse, you stall longer if you fall back on the old compare-and-contrast tendencies where you try to convince yourself the encroaching peril is not much different than what you are used to—normalcy bias.** + +They use a 1982 flood in Nagasaki as an example. Light flooding occurred there every year, and the residents assumed the heavy rainfall was part of a familiar routine. Soon, though, they realized the waters were getting higher and doing so faster than in years past. At 4:55 P.M., the government issued a flood warning. Still, some waited to see just how peculiar the flooding would be, how out of the ordinary. Only 13 percent of residents had evacuated by 9 P.M. In the end, 265 were killed. + +When Hurricane Katrina bore down on my home in Mississippi, I remember going to the grocery store for food, water, and supplies and being shocked by the number of people who had only a few loaves of bread and couple of bottles of soda in their carts. I remember their frustration as they waited in line behind me with all my bottled water and canned goods. I told them, “Sorry, but you can never be too prepared.” + +**Their response? “I don’t think it’s going to be a big deal.”** + +**I often wonder what those people did for the two weeks we were without electricity and the roads were impassable.** + +Normalcy bias is a proclivity you can’t be rid of. Everyday life seems prosaic and mundane because you are wired to see it as such. If you weren’t, you would never be able to handle the information overload. Think of moving into a new apartment or home, or buying a new car or cell phone. At first, you notice everything and spend hours adjusting settings or arranging furniture. After a while, you get used to the normalcy and let things go. You may even forget certain aspects of your new home until a visitor points them out to you and you rediscover them. You acclimate to your surroundings so you can notice when things go awry; otherwise life would be all noise and no signal. + +**Sometimes though, this habit of creating background static and then ignoring it gets in the way. Sometimes you see static when you shouldn’t and yearn for normalcy when it cannot be found. Hurricanes and floods, for example, can be too big, slow, and abstract to startle you into action. You truly can’t see them coming.** + +The solution, according to Mikami, Ikeda, and other experts, is repetition on the part of those who can help, those who can see the danger better than you. If enough warnings are given and enough instructions are broadcast, then those things become the new normal, and you will spring into action. + +Normalcy bias can be scaled up to larger events as well. Global climate change, peak oil, obesity epidemics, and stock market crashes (!) are good examples of larger, more complex events in which people fail to act because it is difficult to imagine just how abnormal life could become if the predictions are true. + +&#x200B; + +https://preview.redd.it/8u8mwkxz28j81.png?width=1200&format=png&auto=webp&s=8632f3d3e0684d497a9ff80856d0ccf92ff88aff + +Regular media over-hyping and panic-building over issues like Y2K, swine flu, SARS, and the like help fuel normalcy bias on a global scale. Pundits on both sides of politics warn of crises that can be averted only by voting one way or the other. With so much crying wolf, it can be difficult to determine in the frenzied information landscape when to be alarmed, when it really is not a drill. + +**The first instinct is to gauge how out of the norm the situation truly is and act only when the problem crosses a threshold past which it becomes impossible to ignore. Of course, this is often after it is too late to act.** + +&#x200B; + +&#x200B; + +&#x200B; + +\--------------------- + +&#x200B; + +**TL;DR:** + +* **Normalcy bias can explain why many think that MOASS might not happen, why family & friends find it hard to believe the stock market isn't just a giant Ponzi scheme, and why no one is preparing if there is an actual stock market crash or other disaster. Normalcy bias research has been used in everything from disaster management for tornados, evacuation routes for stadiums, and more.** +* **To self-soothe themselves, humans like to think of alarming situations as part of business as usual. People also shame others--even those who correctly see the danger--to act as if nothing bad is happening!** +* **A famous case of normalcy bias includes the 1977 Tenerife plane disaster. Many people who survived the initial impact of another place tearing off the ceiling were stuck in paralysis. Though some had sufficient time to escape, many sat there waiting for instructions on how to exit as the plane was on fire and the flames overtook them.** +* **Reacting to a disaster takes valuable computation cycles--cognition, perception, comprehension, decision, implementation, and then movement. Practicing and prepping for it helps avoid dealing with those computation cycles when time is everything.** + +EDIT 3: This ape fucks! u/No_Mistake_7720 wrote the following and thought it might be worth seeing! I gotta get on this shit too! + +&#x200B; + +&#x200B; + +>Great read OP. So basically, **in order to not freeze during MOASS, one must have walked through their strategy, exit or not, beforehand. I wasn’t aware of the exact psychology behind it, but it’s why I started my MOASS prep this weekend:** + +* change all relevant passwords with a password manager and use max factor authentication; +* create encrypted email and link to broker, IBKR and my bank; +* download important DD and save on desktop, phone, sent to email and google drive; +* download brokers statements, take pictures off, and take screenshots off my positions; sent to encrypted email, save in a secure folder on desktop and print; +* bookmark links to alternative gathering spaces such as gangnam style, several twitter handles etc.; +* set up discord and become a member of ape channels; +* save brokers nrs. on phone and laptop; +* write downpersonal hodl & partial exit strategy, including indicators, and save on phone, desktop and in email; +* write a post-MOASS to do list; +* always have external battery in bag that can charge phone 7x over. +This might seem like a basic question but I feel like I'm doing something wrong? I don't regard myself as a big spender by any means (live in cheap rented accommodation, don't run a car etc) but I struggle to save enough each month and generally be responsible without going insane with boredom. + +Basically if I'm not eating or sleeping I can't stand to be in the house, it drives me up the wall, especially at weekends. So I'm constantly out and about- and that costs money. Whether it's social events or just visiting a different city/area to explore, it all adds up. I do have some free/cheap hobbies like running and hiking but eventually I get bored of all the routes in my local area and have to travel further afield, which again costs money. Travel in general is a pretty big weakness for me actually- routine kills me so I have to constantly be seeing new places. I take a lot of weekend breaks and day trips which can end up being expensive. + +Just wondering is there anyone else out there like me and do you have any good suggestions for staying sane but cutting back the spending? I feel like I may as well give up now if I have to spend the rest of my life stuck indoors staring at a screen, but at the same time my current habits can't go on. Cheers +Battery metals/electric vehicles/energy storage is getting a lot of hype right now, and rightfully so. With that in mind, I want to share my DD on one of the best long-term mining plays out there; Nouveau Monde Graphite Inc. (OTC: NMGRF). I recently had the opportunity to speak with Nouveau Monde’s Director of Investor Relations (we’ll refer to her as DIR) and she had some great insights that I think are worth sharing. NMGRF closed at $1.59 on Friday which I see as a really solid entry point. Adding to it’s long-term growth potential, there are two major competitive advantages that set NMGRF apart from the rest. Let’s get this bread. + +Agenda: + +1: Company Background + +* Value propositions + +2: Industry Review and Forecasts (Graphite specifically as well as Li-Ion Batteries) + +3: Core Projects + +* Matawinie Graphite Mine +* Battery Anode Factory + +4: Conclusion & Risks + +**1: Company Background** + +I’m going to kick things off with the fancy, profile lingo from Yahoo Finance: "NMGRF engages in the acquisition, exploration, evaluation, and development of mineral properties in Quebec, Canada. The company primarily explores for **graphite**. It owns a 100% interest in the Matawinie property that includes 319 mining claims covering 17,585 hectares situated to the north of Montreal, Quebec”([Source](https://finance.yahoo.com/quote/NMGRF/profile?p=NMGRF)). Most importantly, it is also set to become a key player in the global energy revolution as it develops the only fully integrated source of green anode battery material in the Western Hemisphere" ([Source](https://nouveaumonde.group/about-us/#our-value-proposition)). + +Long story short - They’re a graphite mining company with two major projects; an open-pit graphite mine and a battery anode factory. + +**Value Propositions** + +Before discussing these projects and the graphite industry as a whole, I want to outline the aforementioned competitive advantages: + +VP1 - Fully-Integrated Supply Chain + +Combining their graphite mine and battery anode factory, NMGRF has the only fully-integrated graphite to battery supply-chain in the Western world. This exclusive position allows them to earn revenues from any stage in that value chain as they can supply graphite in various forms. For example, they can sell graphite concentrate to refractories (which use it as a lubricant) or use the concentrate to manufacture battery anodes and sell those directly. + +VP2 - Sustainability + +As the title states, NMGRF maintains world-renowned environmental standards. These include clean water standards, tailing management, and most importantly, **carbon neutrality.** This is especially relevant because one of the largest concerns with graphite production is its environmental impact. + +**2: Graphite Market** + +Before discussing Nouveau Monde in detail, let’s get a better understanding of the graphite market. There are two forms of graphite; natural and synthetic. Natural graphite is mined (this is what NMGRF produces) and synthetic graphite is produced from petroleum coke or coal tar. Consequently, “Graphite is only produced by crushing and then roasting a mined product or as a byproduct of coal mining or oil refining” ([Source](https://www.greentechmedia.com/articles/read/graphite-the-biggest-threat-to-batteries-green-reputation)). As a result, all graphite production comes with a large carbon-footprint. Synthetic graphite, however, is both more expensive and more environmentally costly to produce. + +Despite this fact, synthetic and natural graphite are still competing for space in the battery anode market. To date, synthetic graphite’s lower electrical resistances and greater consistency led to more advanced technologies ([Source](https://www.greentechmedia.com/articles/read/graphite-the-biggest-threat-to-batteries-green-reputation)). However, as the EV market continues to boom, there is likely to be a growing focus on the source of raw materials and, specifically, their environmental impacts. Consequently, more recent forecasts suggest that natural graphite will dominate battery-anode production. By shifting their focus to natural graphite, battery manufacturers can reduce production costs and lower emissions ([Source](https://www.globenewswire.com/news-release/2020/05/13/2033097/0/en/Synthetic-Graphite-Market-Growth-Trends-and-Forecast-2020-2025.html#:~:text=%2D%20Synthetic%20graphite%20is%20used%20as,graphite%20at%20over%2099.9%25%20purity.)). Additionally, the leading producer of these metals is currently China ([Source](https://clearpath.org/tech-101/supply-chain-for-lithium-and-critical-minerals-is-critical/)). Importing these metals comes with steep monetary and environmental costs as well. In turn, any company that produces high-grade graphite in a sustainable manner AND is in close proximity to graphite buyers is destined to be highly sought after (Enter Nouveau Monde). Finally, the Biden administration has even stated that they will be evaluating the United States' current reliance on China for these metals ([Source](https://www.cnbc.com/2021/02/18/biden-to-order-supply-chain-review-to-assess-us-reliance-on-overseas-semiconductors.html)). Who knows what the tangible impact of that scrutiny will be, but it is still worth noting today. + +If you're not familiar with the composition Lithium-Ion batteries, graphite is one of the most critical metals. As a result, because of the expected growth in the EV and energy storage markets, graphite demand is also expected to skyrocket. Per the U.S. Department of Energy's Energy Storage Market Report, Lithium-Ion batteries are expected to capture the majority of energy storage growth in the next decade. As the chart shows, this demand will be heavily driven by transportation (Electric vehicles). + +[https:\/\/www.energy.gov\/sites\/prod\/files\/2020\/12\/f81\/Energy&#37;20Storage&#37;20Market&#37;20Report&#37;202020\_0.pdf](https://preview.redd.it/fwrvvqxrhbk61.png?width=1074&format=png&auto=webp&s=4b2a3e7af540a1ca0674f1d4bf9d06bee856a2d0) + +&#x200B; + +I'm not going to do a deep dive on this space because it's already getting a lot of hype. Just know that the expanding production of electric vehicles and stationary energy storage in North America and Europe will drive demand for graphite. However, if you haven't started researching this market, you should. Now, in addition to Li-Ion battery production, graphite is critical to a number of other industries. + +[https:\/\/www.alliedmarketresearch.com\/graphite-market](https://preview.redd.it/vp7lx772ibk61.png?width=1356&format=png&auto=webp&s=f251ed543005d98d1ede4256f4cc30ee328ef590) + +Per the DIR, Nouveau Monde expects to be a player in most, if not all of these spaces. For example, they’re able to sell expandable graphite to construction (where it is used as a fire retardant), and graphite concentrate to be used in hydrogen fuel cells and refractories. + +Regardless of industry, manufacturers will need access to an environmentally-friendly mine and/or anode factory within close proximity. + +**3: Core Projects** + +Now that we’ve outlined the potential of the graphite industry as a whole, let’s see why Nouveau Monde stands out. + +**Matawinie Graphite Mine** + +The Matawinie Graphite Mine was approved by the Quebec government just a few weeks ago (February 10) and is set to become the largest graphite mine in the Western Hemisphere ([Source](https://finance.yahoo.com/news/key-milestone-reached-nouveau-monde-080000062.html)). Now that they’ve received the necessary permit, they plan to finish construction by mid-2023 (Originally, they were planning for early 2023, but Covid-19 delayed permit receipt). This time of completion does imply that they will be operating at full-capacity production (100,000 tons of annual graphite concentrate). For context, this is the largest graphite mine in the Western hemisphere and slightly below ⅓ the capacity of the world's largest graphite mine ([Syrah Resources Balama Mine](http://www.syrahresources.com.au/overview)). The Balama mine is expected to produce 350,000 tons annually, however, it has been set back due to Covid-19 and is not currently operating at full-capacity ([Source](https://www.miningweekly.com/article/graphite-output-to-bounce-back-by-2024-after-2020-dip-2021-01-07/rep_id:3650)). Syrah is also planning to build a battery anode material factory that will offer them a fully-integrated supply chain. + +As I stated earlier, the size and location of the mine give Nouveau Monde an excellent opportunity to provide graphite to North American and European markets. As these regions continue progressing towards electric vehicles (the announcements from [GM](https://apnews.com/article/gm-electric-vehicles-auto-industry-9308f9f3fcfbc1cffd0f9d18864dbcca) and [Jaguar](https://apnews.com/article/technology-birmingham-england-f91c5ee326a260b8ad36404efe577aaa) being prime examples), there will only be more opportunities for NMGRF in the battery market. + +Finally, the Matawinie project will be the first open-pit mine to use an entirely electric fleet. This operating model represents a reduction of 300,000 tons of CO2 emissions over the 25.5 year lifespan of the mine. The reduction of significant input costs is also expected to raise profit margins in the long-run. + +**Advanced Materials Plant** + +To optimize savings across the value chain and ensure full traceability of products, Nouveau Monde has established a vertically integrated business model to bring battery anode materials and advanced materials directly to the market. ([Source](https://nouveaumonde.group/operations/#advanced-materials-plant)). + +The facility’s location in Québec will allow it to leverage the region’s vast hydraulic resources. Per DIR, Nouveau Monde is receiving hydro-electric power from Hydro Québec at a rate of roughly $0.03 per kW. This is an especially attractive price - the world’s average rate is around $0.05 per kW ([Source](https://www.hydroquebec.com/business/customer-space/rates/rate-l-industrial-rate-large-power-customers.html)). The electrification plan that leverages clean and renewable hydropower paired with their distinctive transformation processes will enable the production of anode material with a greenhouse gas (GHG) footprint up to 50 times smaller than that of common spherical graphite. In addition to reducing their emissions at the source, Nouveau Monde is finalizing its GHG emissions monitoring and compensation strategy for both direct and indirect emissions. Through the purchase of verified and certified carbon credits, and investment in carbon sequestration projects in nature, they will attain carbon neutrality as of 2021. ([Source](https://nouveaumonde.group/sustainability/)) + +To reiterate - carbon neutrality is possible because of their hydroelectric power supply and their unique transformation process. Electricity is being supplied by Hydro Québec and their transformation process is the brainchild of a [world-class R&D team](https://apnews.com/press-release/globe-newswire/alternative-and-sustainable-energy-renewable-power-generation-products-and-services-automobile-parts-manufacturing-asia-47f5e0613a3f2c2734d4e0fbbbc5bbba). Investment in this cutting edge research keeps NMGRF at the forefront of sustainability and, in turn, profitability. Per the company website, this operating model allows them to produce 99.5+% pure advanced materials. + +This environmentally-friendly process comes with one beneficial caveat; it’s optional. Per the DIR, NMGRF’s unique value proposition is that it can offer a carbon-neutral product if client’s are interested in paying a premium. Any client that would rather reduce costs for a less sustainable product is able to do so. + +**4: Conclusion - TL;DR** + +Anyone investing in the EV space cannot ignore Nouveau Monde Graphite. The company operates a fully integrated supply chain of graphite through their open-pit graphite mine and battery-anode production factory. The graphite industry is expected to continue growing as demand increases from Li-Ion batteries, stationary energy storage, and more. Unfortunately, one of the biggest concerns of graphite production is its environmental impact. This is where NMGRF shines as it’s operating model allows them to produce battery-anodes with a carbon-neutral footprint. In conclusion, their fully-integrated supply chain, the company’s proximity to North American and European markets, and their sustainable operating model suggest that Nouveau Monde is an excellent investment for the long-term. + +**Risks** + +Synthetic Graphite: While natural graphite has a plethora of applications, a decrease in the amount of natural graphite used in Li-Ion batteries could be detrimental to NMGRF. + +Syrah Resources: Despite having higher expected output, Syrah resources currently has a market cap of $376 M to Nouveau Monde’s $593 M. In the long-run, if the graphite industry grows at the rate it is expected to, these valuations shouldn’t make a difference. + +Financials: At the end of the day, this is still an unprofitable mining company. As a result, the financials are not particularly attractive. While the DIR was confident that NMGRF will not be deterred from reaching full-capacity production by 2023, there is always a risk that the firm will run out of capital prior to achieving operation. + +This is not financial advise. I am not a financial advisor. Do your own DD. +So a lot of people asked me to recount this, God knows why, but I'm happy to do it if I can get it done before the Astros game. + +In 1987 I was at UT, having just finished my freshman year. I was interested in the markets, so I applied for an internship with Dean Witter. + +They didn't take anyone who wasn't going into their junior year, but the broker who was looking (Ken) really dug my interview and recommended me to the manager for a second interview, because he wanted to go against the custom to get me. + +That interview is a whole other story but when he asked "why shouldn't I give you this position", my answer was "because if you do, one day I'll take your job". He was aggressive, loved that, and let Ken hire me. + +I went in after class three days a week and made cold calls and stuff. It wasn't selling, that wasn't legal because I had no license. I was gathering information and trying to get people to talk to Ken. + +I was good at it and into it. My parents bought me some ties and nice shirts and slacks and so forth, and I dug in hard. I was putting up big numbers. + +Ken was a giant broker with his own little suite in the office on one end. Had his own reception area, conference room, and giant office. He was also as cool a 40 year old dude as my 18 year old ass had ever met. + +Anyway, one day I get out of class and head to the office as per usual. + +I walk in and there are women running everywhere, literally like the building was on fire. I thought there was a plumbing leak, fire, or fight or something. Back then we didn't think about active shooters. + +As I walk past the empty reception desk I see the first glass-walled office and this older dude, probably my current age (55) literally sitting at his desk crying like a fat kid who dropped his ice cream. I mean sobbing audibly through the window. + +I turn right to head to Ken's office suite and I see the same. Guys screaming into their headsets (we had wires attached to our phones back then), some crying, and the assistants running around. + +I found out the pneumatic tubes we used to send orders (they were handwritten on tickets back then) were overloaded and broken. They were running orders to the cage for processing. + +I get to Ken's office and walk in and he's on he phone and he literally waves his hand at me and screams "GET THE FUCK OUT!!!!!" + +I'm in complete shock. + +I go to leave and his assistant runs past me back to his office and I keep going to the door. + +She runs back and grabs me and says "wait... he needs you to call all these people and tell them to relax and answer the phone because Ken's gonna call them soon." + +She hands me his "B book", which is the way he kept his clients. They were on paper with ticket copies behind each person's page. They were arranged usually by size of account and activity. He was calling the "A book" and I was letting the B people know he was going to get with them. + +So the actual Dean Witter computer system got overwhelmed and pseudo-crashed. + +When we were placing orders they were coming back all fucked up in batches. So 10 people would sell IBM, and the trades were so fast and furious and everyone was selling that you couldn't match a sale to a ticket. + +At the end of the day the floor sent us massive notices that said shit like "your branch sold 10,000 shares of IBM at $100 (no idea if that was the price - just an example), 8,000 at $90, 15,000 at 87 5/8 (that's the way the prices used to be, in 1/8s), and 23,000 at 84." + +We all met in the conference room (I was there to find Ken's client pages when he asked for them) and literally, I shit you not, argued over who would get what price for which client. + +The manager would say "we've got 27,000 shares of Dell at 4 and 5/8 gone, 18,000 at 3 7/8, and 50 thousand at 2 7/8. Make your pitch." + +Ken would say "I need 10,000 of those at 4 5/8. My guy has 2.4 million with us, he's been my client for 5 years, and he fucking deserves it." + +Then other guys would ask for shares and the manager would ask who they were for and why they should get them. + +We were there all night. These guys cussed each other, cussed the manager, threw shit, stormed out and came back... it was a fucking war. + +Basically the bigtime brokers got the best prices, and they gave their best prices to their best customers. + +The thing is, that practice is illegal. It's called allocating trades. It what made Hillary Clinton a PILE of money in futures. She always got the lowest buy price and the highest sale. Not in that crash, way later. Long story but check it out. + +Anyway, that was all kinds of fuckery. Guys quit over it. If the manager didn't like you, your customers got raped. + +So we were there fighting for pricing til like 9 or 10, and calling clients to deliver the bad news until almost 1 a.m. + +So that sucked, but the weirdest was yet to come. + +Ken asked me to skip class the next day to help him call everyone he couldn't get ahold of, help the assistant field incoming calls, and work the paperwork for his books. I did it. Screw it. This was gonna be my career. + +I get there at like 7:30 and there are two effing armed guards at the double doors, which were closed and locked. + +I ask if we're closed (I just assumed the whole firm had gone under - I was still in a half daze), and got ready to leave. Security guy asks my name. I say "Bob Wheeler. I work for Ken." + +Dude knocks on the door and says "Bob Wheeler. Kid who works for Ken." + +The door opens and another armed guy lets me in. He takes my backpack and empties it on the reception desk. Says "okay, take your stuff." + +I get back to Ken's suite and find out from his assistant that we're all getting free breakfast. It was massive and badass. Like everything you could ever want. Bacon, eggs, biscuits, juices, fruits. I mean a major spread. + +So I ask her if it was bonus for some kind of great job and she shocks me to death. + +She says "no, and we're getting lunch too. We're locked in. We aren't leaving til the market closes and no clients are allowed in. There've been several death threats to basically everyone. When you leave you'll have an armed guard." + +I about shit my pants. It wasn't the same for a LONG TIME. The guys didn't go out for drinks together anymore, people didn't walk into each other's offices, nothing. For six weeks it was like working in a fucking cemetery. + +To Ken's credit he had people buying with both hands and I'm sure everyone who listened ended up rich, but it was a goddamned bloodbath and lots of brokers never recovered. + +So that's the story. When the market goes down 5% I'm not fazed. +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. +What irritates me about economic growth is we talk about it like it is something that can grow indefinitely. Are there types of growth that don't strictly mean more people/production/resources used? We know that the planet has a limit for sustainability and we'd destroy ourselves (and the planet as we know it) if we just infinitely grew, yes? + +Edit: Thanks everyone for your insightful thoughts and replies! +Down 500, up 400, down 400. Hope all you other fellow investors are enjoying the roller coaster ride. It's making really difficult to figure out when I should throw some more money in or pull my money out. +Down 500, up 400, down 400. Hope all you other fellow investors are enjoying the roller coaster ride. It's making really difficult to figure out when I should throw some more money in or pull my money out. +I’m fortunate enough to hold some Morrison’s shares.. but I’m a bit confused by the latest news. Morrison’s have accepted an offer of £2.52 with a 2p dividend. (I don’t understand why it’s split though) + +Today the share price has shot up £2.60+, but don’t understand why. Is this because another offer is expected or am I missing something obvious? +Guess what? That Reddit Profile with the attractive person's picture randomly messaging you after you posted about being unsure if you should drop 5k on BTC or ETH is not a helpful stranger. + +More than 99% of these messages are from scammers. They might want to invest your money for you or want you to join an investment group or push you towards a shitcoin purchase, but they aren't doing it to help you or as part of a legitimate honest business. It is unlikely the person who reached out to you is one of the less than 1% of people not trying to scam you. + +What the person is saying sounds great because it is not true. Please don't lose your crypto because the greedy part of your mind wants to make quick profits. +IMPORTANT: + +-Revolut + +-Vanguard + +-Fidelity + +NEVER halted trading! THEY ARE BETTER THAN WEBULL. + + + +-Saxobank + +-XTB + +-Tastyworks + +-Degiro (though they blocked stop loss orders - really weird) + + +have also been said to be ok by users. + + +Prevented/halted trading due to technical or other reasons: + +-SoFi (potentially technical issues) + +-TDAmeritrade + +-Merril Lynch (halted in AH) + +-FreeTrade UK (conflicting reports of buying only being allowed after 3:58) + +-Schwab (imposed restrictions on trades for a time according to users) + +-E Trade (last hour of trading - could very well have been a server issue tbf) + +The aforementioned were previously said to be ok, but users claim they either blocked orders or halted for some time. Need proof. + +Disclaimer: its a Chinese company. I know that might bother some of you guys and they're far from perfect - they halted trading as well earlier today. They do however offer advanced charts and a discussion section. They also allow extended hours trading. + +The only thing that RH has over them is a sexy UI. Besides that, RH is a bunch of shills with a shitty platform that folds under heavy volume constantly - and a broker that halted trading to benefit the institutions while claiming it was for your own good - remember that. + +I know the amount gets smaller for couples making more than 150k, we are just concerned of being hit with a significant tax bill come next year. We currently use the standard deduction as we have little to nothing to deduct from our income. We usually receive a modest refund 1k-2k every year and would like to keep it that way or break even. Last year we made 135k with the expectation we will make over the 150k Thanks!!! + +Edit/update: So I actually went to the IRS website and did some reading. Apparently initially you will only be able to opt out. At some time later this year they will add functionality to the website where you can change income levels, bank acct info, martial status, more kids, etc. +I believe we will take the “free money” for now and adjust or opt out later. If I have a small tax bill I will be ok with that. +Hello again, + +&#x200B; + +It's me again (: +We told you $DOGIRA is going to the moon, now check out this tweet: + + +[https://twitter.com/DOGIRATOKEN/status/1372826255033135108](https://twitter.com/DOGIRATOKEN/status/1372826255033135108) + + +"Has anybody wondered what the + +[@dogecoin](https://twitter.com/dogecoin) + +Lead Dev has been up to?" + + +We **already told you** that an OG $DOGE dev was here - although he was just doing moderation and invested into $DOGIRA himself. But what will happen now? Most, or well kinda everyone, in the Telelgram group thinks he's joining as dev and we think they will make an announcement in r/dogecoin. + + +JOIN US NOW. We are already back at 4.5c - it's the best time to get in now. + +**Why $DOGIRA**: + +1. Dev has more news for us this weekend regarding OG $DOGE dev +2. Dev doxxed, CoinGecko coming soon and WOR audited! +3. $FEG partnership +4. EVERY DIP MAKES US STRONGER! +5. OG Dogecoin dev creating NFTS [https://rarible.com/rootpew](https://rarible.com/rootpew)) +6. Community bound is growing, every dip makes us more connected +7. You are encouraged to BUY and HOLD by the tokenomics mechanic. + +**JOIN US NOW AND DON'T MISS OUT!** + +TX to Look in @ Dextools: 0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1 + +Site: [https://dogira.lol](https://dogira.lol/) + +Telegram: [https://t.me/dogiratoken](https://t.me/dogiratoken) + +Ether: [https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1](https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1) +This is a simple way to lock in profits if you’re in the green but want to let it run. I know this is obvious, but I thought I’d make this table to make it simple. You let a stock go up(if it does), then if you think it’ll keep going, you sell enough to recoup your investment and the rest is profits no matter what(unless it goes to 0.00) + ++10%=sell 90.9% of shares + ++20%=sell 83.33% of shares + ++30%=sell 76.92% of shares + ++40%=sell 71.43% of shares + ++50%=sell 66.67% of shares + ++60%=sell 62.5% of shares + ++70%=sell 58.82% of shares + ++80%=sell 55.56% of shares + ++90%=sell 52.63% of shares + ++100%=sell 50% of shares + ++more than 100%=lock in profits you greedy bastard + +Also if you want to calculate this really simply. +Just do 1/(1+(percent +/100)) + +So for 150 percent profits it’s 1/(1+(150/100)) + +1/2.5=sell 40% of position +https://investor.paypal-corp.com/news-releases/news-release-details/paypal-acquire-honey + +**HOLY SHIT. 4 FREAKING BILLION DOLLARS???** +- + +&nbsp; + +> Honey Science Corp. is an American technology company headquartered in Los Angeles, California. Its browser extension aggregates and automatically applies online coupons. +> +> Honey's revenue comes from a commission made on user transactions with partnering retailers. When a member makes a purchase from select merchants, Honey shares part of its commission with the member in a cashback program. +> +> Users are notified of price drops and price history on selected items sold by participating online stores. + +> As of January 2018, Honey has raised a total of $40.8 million in venture backing. + +[Source](https://en.wikipedia.org/wiki/Honey_\(company\)) + +&nbsp; + +* Honey had 17 million MAUs in October 2019. PYPL is paying ~$235 per MAU. That is insane. + +* Honey's estimated annual revenue is $100 million and growing at 100% YoY. +**Strap in, we're seeing $50 before Christmas (IMO. IANAFA.) (I'm not putting a date on MOASS)** + +&#x200B; + +I follow 3 stocks. GME, the Baby one and the one I'm talking about below. I'm not going to talk about what is going on with this other firm - but it has it's own story which you can see in old posts in my profile and is led by a family that I would very surprised aren't chatting with RC about fighting cellar boxing. + +&#x200B; + +I personally believe that it is in the retail basket and been fighting against shorts. But put aside my belief - **This is directly related to GME** \- please hear me out: + +This got announced yesterday - + +https://preview.redd.it/3m65jy9h7p0a1.png?width=1958&format=png&auto=webp&s=ec1ad015d0e438ee60b60f9f423a1a58c5780b4a + +The share price is currently $363 at closing last night. + +&#x200B; + +https://preview.redd.it/g5hn2bv38p0a1.png?width=1282&format=png&auto=webp&s=e5d80c261ace9d9ade1ec11c6da19545c64668f0 + +If you hold a share on the 15th December (t-2 =13th December) you get a $15 dividend. + +That is a 4% return on your entire holding, for holding a share for a day at current prices. Sounds pretty juicy right. + +This is what happened last time they announced a $15 special dividend on the 25th November 2021. + +&#x200B; + +https://preview.redd.it/zvj45tb29p0a1.png?width=2264&format=png&auto=webp&s=f2a994ea707466a4925f32529a17c3a2e4049446 + +The price more than doubled from announcement to date of record (intraday price was over $400 on the 23rd November). + +At the same time, this is GME moving (sorry for different graph and tighter time frame - only shows accurately on 4hr view) + +&#x200B; + +https://preview.redd.it/00rr7tbdap0a1.png?width=2098&format=png&auto=webp&s=0aaefa621435a1c5b863634f63c3e51eb9943ccf + +GME ran from around $43 to $63, peeking on the 23rd of November. A 40%+ rise. 1 of only 4 times that GME has spiked past a $60 price. There was no GameStop news to drive the price. It just happened to ramp and peak at the same time as the other stocks date of record. + +This is massive. + +It doesn't matter if we don't have news, the SHFs are fucked by this. + + +EDIT 1: one thing I didn't make clear is that the reason why this helps GME so much is that the SHFs have to stump up $15 cash a share they are short. OR buy their share back. Which means they don't have cash/ collateral to suppress GME at the same time. + + +If you could choose one place anywhere in the world to spend the bulk of the rest of your life, where would it be and why? + +I would choose Carmel by the Sea but I haven’t been to a number of places that people rave about i.e. Hawaii, Costa Rica, etc. +Hello /r/Investing +Python is a powerful language to collect and make sense of large volume of data. In this tutorial, we are gonna learn how to fetch historical and daily end of day data and technical indicators, use it in a Pandas data frame (a useful object to manipulate financial data) and plot it with Matplotlib. +This tutorial was made using Python 3.5, Requests 2.10 (HTTP library), Pandas 0.18 (Data Analysis library) and Matplotlib 1.5.1 (2D plotting library). + +[You can read the tutorial here](http://blog.stockvider.com/stockvider/load-stockvider-data-python/) +[If you are familiar with Python and want to jump straight to the code, you can access it here](https://github.com/aberdah/Stockvider-API) +[To learn more about Stockvider, the API used to fetch the data in the tutorial, click here](https://www.stockvider.com/gettingStarted/) + +Thank you for your time and fire away if you have any question you would like to ask. +https://www.nytimes.com/2018/01/18/technology/amazon-finalists-headquarters.html + +Atlanta +Austin, Tex. +Boston +Chicago +Columbus, Ohio +Dallas +Denver +Indianapolis +Los Angeles +Miami +Montgomery County, Md. +Nashville +Newark +New York +Northern Virginia +Philadelphia +Pittsburgh +Raleigh, N.C. +Toronto +Washington, D.C. +I currently feel like I’m drowning and I need help. I’m writing this mainly to vent. 2020 has been a really horrible year for me and more than anything it feels like God has abandoned me. + +In 2019 I got into a business venture with a friend.she does nothing to help me and I am drowning, I’m physically and mentally drained everyday.everything good and bad that the business undergoes falls on me. With the covid pandemic we have gotten into debt (about $20000) to be exact because the people who were handling my logistics have been stealing stock from me. Besides this we have had bad luck in all aspects; missing stock, transporting trucks burning down, you name it. Was this Hod telling me to stop?? We are currently in the process of closing down because we can’t afford it anymore. The business model was one that was created to help the people of Zimbabwe which is where we are both from so now in the process of trying to help I have lost everything, my hope included. I have also had to drop out of my honors degree program because I have failed to pay that. + +I lost my 9-5 job at the begging of the pandemic and bills are just pulling up. Everything feels so heavy and I am failing to understand what the lesson in this is. My biggest wish is just being able to get out of debt but with no job and no surviving business, I feel stuck. + +If you have any other advice on how I can get out this mess, your advice is welcoMe! +Edit: I’m so dumb, there is no connection to the cryptos here. My dumb ass was looking at Saturday and the timings happened to line up. Banks happened on Friday, crypto happened Saturday. I’m a idiot, please forgive + +I want to preface this post that I don't know what this all actually means other than something fucky happened at 4PM EST and 5:07PM EST on Friday. Everyone talked about Royal Bank of Canada showing volume at $33.75 and I wanted to check it out myself. I clicked into the "see more trades" button and that was just the beginning. + +Right as I finished my DD and started to make this post, I see posts of Bitcoin losing money and for the dip today, the timing lines up. My initial fear after completing my DD was that there were other sectors/regions having the same thing happening and my heart sank when I saw the news on Bitcoin. I think we're connecting two dots today 🦍s, (apparently 3, I found another one at the end 😭) + +This DD is broken into 3 Sections because I wanted to understand different aspects. What happened with Royal Bank of Canada? Did anything like this happen to other banks? What about top shareholders of Royal Bank of Canada?. This is going to be long, but it's worth it. The tiers are as follows: + +* ~Bitcoin connection (I did this in 2 minutes after finishing initial DD and seeing [other post about bitcoin](https://www.reddit.com/r/Superstonk/comments/mt5eas/uh_bitcoin_just_lost_10k_in_value_in_like_a_minute/)~ see edit above +* Royal Bank of Canada, look into last 100 AH trades +* What about a bunch of other banks?, look into last 100 AH trades +* Top shareholders of Royal Bank of Canada, look into last 100 AH trades or fund connections + +I want to analyze the last 100 AH trades because that was the default returned by Nasdaq. I'm planning on writing some code to go through all the trades, but this will take many days and I fear I don't have time to complete that before this post. If there aren't 100 trades available, I will use the max there is. I also did some general googling as I went through everything to fill in gaps or questions I had. Buckle in everyone! + +~**Bitcoin connection**~ +~All I want you to know in this connection is when things happened, [look at 4PM EST](https://imgur.com/a/8Fkh48A). It's when everything happened today and I think it means next week is fucked.~ see edit at top + +**Royal Bank of Canada, look into first 100 AH trades** - [Raw data](https://www.nasdaq.com/market-activity/stocks/ry/after-hours-trades) + +_Average volume: 830,617_ +_Total volume for day: 1,076,337_ +_Total shares in AH analysis: 211,473_ +_AH analysis volume as % of total volume for day: **19.65%**_ + +**WTF volume** - _187,950 total shares (what a nice even number!) or $17,800,744.50_ + +| After Hours Time (ET) | After Hours Price | After Hours Share Volume | +|:---------:|:-----:|:---------:| +| 16:01:53 | $94.71 | 125,300 | +| 16:01:37 | $94.71 | 7,831 | +| 16:01:32 | $94.71 | 7,831 | +| 16:01:29 | $94.71 | 7,831 | +| 16:01:06 | $94.71 | 7,832 | +| 16:01:03 | $94.71 | 7,831 | +| 16:01:01 | $94.71 | 7,831 | +| 16:00:45 | $94.71 | 7,832 | +| 16:00:26 | $94.71 | 7,831 | + +**AH Price Data** + +| | | +| :-----: | :----: | +| Average | $93.38 | +| Median | $95.03 | +| Mode | $94.71 | +| Max | $95.65 | +| Min | $33.75 | + +**AH Volume Data** + +| | | +| :-----: | :---------: | +| Average | 2978.492958 | +| Median | 200 | +| Mode | 200 | +| Max | 125300 | +| Min | 1 | + +All I did was copy/pasta from nasdaq website into a google sheet and do 5 dumb formulas. This was done the same for each institution in this DD (where possible) + +Sooooooo it looks like the after hours volume was approximately 19.65% of volume for the day? I could just imagine a room like from margin call, where they make the decision to be the first person to run out of the room and exit positions. Although we don't know if these are buys or sells, it's volume (probably sells). Mainly, it looks fucked and that's on top of the weird price "glitch" that some shills are saying to ignore (and sells might explain why the price dipped to that for some poor souls). + +**What about a bunch of other banks?, look into last 100 AH trades** + I just randomly thought of banks and made a quick list, others can add to this post if they want, I'm not sure if it matters much. + +I'll summarize the banks after hours volume as a % of total volume for the day to get a starting point since the Royal Bank of Canada analysis pointed at a high volume in AH + +| | | +| :------------------------------------------------------------------------------------------------------------------------: | :-------------------------: | +| Bank | AH volume % of total volume | +| [Citigroup (C)](https://www.nasdaq.com/market-activity/stocks/c/after-hours-trades) | 2.22% | +| [Credit Suisse Group American Depositary Shares (CS)](https://www.nasdaq.com/market-activity/stocks/cs/after-hours-trades) | 0.92% | +| [Bank of America (BAC)](https://www.nasdaq.com/market-activity/stocks/bac/after-hours-trades) | 5.42% | +| [Wells Fargo (WFC)](https://www.nasdaq.com/market-activity/stocks/wfc/after-hours-trades) | 1.02% | +| [JP Morgan Chase (JPM)](https://www.nasdaq.com/market-activity/stocks/jpm/after-hours-trades) | 4.32% | +| [Morgan Stanley (MS)](https://www.nasdaq.com/market-activity/stocks/ms/after-hours-trades) | 1.05% | +| [Deutsche Bank AG Common Stock (DB)](https://www.nasdaq.com/market-activity/stocks/db/after-hours-trades) | 1.08% | +| [Fidelity (FNF)](https://www.nasdaq.com/market-activity/stocks/fnf/after-hours-trades) | 0.22% | + +There were some banks that had some consistency to it and nothing looked really strange, but I also wasn't able to see the 1600 timeline for the banks because they have so much AH trading. There might be some stuff in there, but honestly I found a lot more interesting data further in the analysis. I will try and access that data in the future with a script, but the nasdaq website isn't letting me expand on that time region in their shitty app. Banks with too much volume: + +- Citigroup +- Credit Suisse +- Bank of America - above 5% in AH volume +- Wells Fargo +- JP Morgan Chase (JPM) +- Morgan Stanley + +Now Deutsche Bank and Fidelity have low after hours volume and you can see trades executed around the same time: + +* Deutsche Bank - Only see 16,345 shares @ $12.55 and this could also just be nothing. That's chump change. I'm leaving this data point out of analysis as an outlier because I can't definitively say this looks weird. + +| After Hours Time (ET) | After Hours Price | After Hours Share Volume | +| :-------------------: | :---------------: | :----------------------: | +| 16:00:23 | $12.55 | 6,460 | +| 16:00:23 | $12.55 | 6,370 | +| 16:00:23 | $12.55 | 3,515 | + +* Fidelity - There are a decent amount of trades at this time and the volumes are all over the place, so I'm not sure what to add. I'm leaving this data point out of analysis as an outlier because I can't definitively say this looks weird. + +| After Hours Time (ET) | After Hours Price | After Hours Share Volume | +| :-------------------: | :---------------: | :----------------------: | +| 16:01:54 | $44.63 | 9,653 | +| 16:00:39 | $44.63 | 169 | +| 16:00:30 | $44.63 | 6,186 | +| 16:00:18 | $44.63 | 59 | +| 16:00:18 | $44.63 | 3,532 | +| 16:00:18 | $44.63 | 106 | +| 16:00:17 | $44.63 | 900 | +| 16:00:16 | $44.63 | 103 | +| 16:00:08 | $44.63 | 2,032 | +| 16:00:06 | $44.63 | 223 | +| 16:00:06 | $44.63 | 121 | +| 16:00:06 | $44.63 | 3 | +| 16:00:06 | $44.63 | 400 | +| 16:00:06 | $44.63 | 273 | +| 16:00:06 | $44.63 | 72 | + +So the initial bank analysis is kind of a bust. The nasdaq website sucks and I'll have to try and build a script to get at those specific pieces. I wanted to keep this because I think it's important to still report all the criteria I initially started with. Onto the next piece. + +**Top shareholders of Royal Bank of Canada, look into last 100 AH trades or fund connections** + +[RY top institutional shareholders](https://finance.yahoo.com/quote/RY/holders?p=RY) + +| Holder | Shares | Date Reported | % Out | Value | +| :-------------------------------: | :--------: | :-----------: | :---: | :-----------: | +| Royal Bank of Canada | 73,467,566 | Dec 30, 2020 | 5.16% | 6,028,748,465 | +| Bank of Montreal/Can/ | 63,690,065 | Dec 30, 2020 | 4.47% | 5,226,406,733 | +| Vanguard Group, Inc. (The) | 42,948,836 | Dec 30, 2020 | 3.02% | 3,524,381,482 | +| TD Asset Management, Inc | 30,345,972 | Dec 30, 2020 | 2.13% | 2,490,190,462 | +| FIL LTD | 29,240,055 | Dec 30, 2020 | 2.05% | 2,399,438,913 | +| Bank Of Nova Scotia / | 23,615,062 | Dec 30, 2020 | 1.66% | 1,937,851,987 | +| CIBC World Markets, Inc. | 22,523,244 | Dec 30, 2020 | 1.58% | 1,848,257,402 | +| Toronto Dominion Bank | 19,693,568 | Dec 30, 2020 | 1.38% | 1,616,054,190 | +| Mackenzie Financial Corporation | 17,908,185 | Dec 30, 2020 | 1.26% | 1,469,545,661 | +| Norges Bank Investment Management | 16,206,021 | Dec 30, 2020 | 1.14% | 1,329,866,083 | + +This is where the bomb drops for me. We don't need to look at anyone else, it's the Candaian Banks. The Canadian Banks were hit along with bitcoin at the same timeframes: + +[Bank Of Montreal Common Stock (BMO)](https://www.nasdaq.com/market-activity/stocks/bmo/after-hours-trades) - AH volume was 24.14% of daily total volume + +| After Hours Time (ET) | After Hours Price | After Hours Share Volume | +| :-------------------: | :---------------: | :----------------------: | +| 16:01:42 | $91.78 | 8,437 | +| 16:01:38 | $91.78 | 8,438 | +| 16:01:34 | $91.78 | 8,437 | +| 16:01:17 | $91.78 | 8,437 | +| 16:01:13 | $91.78 | 8,438 | +| 16:01:09 | $91.78 | 135,000 | +| 16:00:48 | $91.78 | 8,438 | +| 16:00:44 | $91.78 | 8,438 | +| 16:00:26 | $92.19 | 10 | +| 16:00:26 | $91.78 | 8,437 | +| 16:00:12 | $91.78 | 306 | +| 16:00:12 | $91.78 | 412 | +| 16:00:11 | $91.78 | 288 | +| 16:00:11 | $91.78 | 417 | + +[Bank of Nova Scotia (BNS)](https://www.nasdaq.com/market-activity/stocks/BNS/after-hours-trades) - AH volume was 24.14% of daily total volume + +| After Hours Time (ET) | After Hours Price | After Hours Share Volume | +| :-------------------: | :---------------: | :----------------------: | +| 17:14:14 | $62.08 | 1,354 | +| 16:01:36 | $62.08 | 25,000 | +| 16:01:34 | $62.08 | 25,000 | +| 16:01:31 | $62.08 | 25,000 | +| 16:01:29 | $62.08 | 25,000 | +| 16:01:26 | $62.08 | 400,000 | +| 16:01:11 | $62.08 | 25,000 | +| 16:00:51 | $62.08 | 25,000 | +| 16:00:47 | $62.08 | 25,000 | +| 16:00:28 | $62.08 | 25,000 | +| 16:00:23 | $62.08 | 1,381 | +| 16:00:23 | $62.08 | 829 | +| 16:00:23 | $62.08 | 255 | +| 16:00:10 | $62.08 | 232 | +| 16:00:10 | $62.08 | 561 | +| 16:00:09 | $62.08 | 1 | +| 16:00:09 | $62.08 | 166 | +| 16:00:01 | $62.06 | 1,622 | +| 16:00:00 | $62.05 | 19 | + +[Canadian Imperial Bank of Commerce Common Stock (CM)](https://www.nasdaq.com/market-activity/stocks/cm/after-hours-trades) - AH volume was **51.51%** of daily total volume and who the fuck popped up at 17:07?? Maybe a friend of a friend finding out shortly after and doing the same thing + +| After Hours Time (ET) | After Hours Price | After Hours Share Volume | +| :-------------------: | :---------------: | :----------------------: | +| 17:14:13 | $99.77 | 2,418 | +| 17:11:58 | $99.78 | 1 | +| 17:07:38 | $99.77 | 156,600 | +| 16:41:40 | $99.77 | 1 | +| 16:41:40 | $99.77 | 1 | +| 16:35:18 | $99.83 | 4 | +| 16:01:37 | $99.77 | 12,500 | +| 16:01:35 | $99.77 | 200,000 | +| 16:01:33 | $99.77 | 12,500 | +| 16:01:30 | $99.77 | 12,500 | +| 16:01:27 | $99.77 | 12,500 | +| 16:01:04 | $99.77 | 12,500 | +| 16:00:58 | $99.77 | 12,500 | +| 16:00:41 | $99.77 | 12,500 | +| 16:00:24 | $99.77 | 12,500 | +| 16:00:07 | $99.77 | 9 | +| 16:00:07 | $99.77 | 926 | +| 16:00:07 | $99.77 | 606 | +| 16:00:07 | $99.77 | 53 | + +[Toronto Dominion Bank (The) Common Stock (TD)](https://www.nasdaq.com/market-activity/stocks/td/after-hours-trades) - AH volume was 47.41% of daily total volume and who the fuck popped up at 17:07 again????? + +| After Hours Time (ET) | After Hours Price | After Hours Share Volume | +| :-------------------: | :---------------: | :----------------------: | +| 17:14:08 | $66.24 | 1,655 | +| 17:07:38 | $66.24 | 476,800 | +| 16:01:42 | $66.24 | 31,250 | +| 16:01:40 | $66.24 | 31,250 | +| 16:01:38 | $66.24 | 31,250 | +| 16:01:36 | $66.24 | 31,250 | +| 16:01:16 | $66.24 | 31,250 | +| 16:01:13 | $66.24 | 31,250 | +| 16:00:48 | $66.24 | 500,000 | +| 16:00:44 | $66.24 | 31,250 | +| 16:00:26 | $66.24 | 31,250 | +| 16:00:12 | $66.24 | 107 | +| 16:00:12 | $66.24 | 217 | +| 16:00:12 | $66.24 | 68 | +| 16:00:12 | $66.24 | 100 | +| 16:00:12 | $66.24 | 700 | +| 16:00:12 | $66.24 | 100 | +| 16:00:12 | $66.24 | 576 | +| 16:00:12 | $66.24 | 229 | +| 16:00:12 | $66.24 | 400 | + +YIKES!!! So....Someone (or some algo) did something big with the [Big 5 Banks of Canada](https://en.wikipedia.org/wiki/Big_Five_(banks)) and ~Bitcoin. I'm going to assume the volume above is selling based on the Bitcoin aspect. Well at least that giant second player at around 17:07 didn't hold Bitcoin. The [second player had Ethereum](https://imgur.com/a/36tmMD2) and it looks like the first player did also~ see edit at top. There is definitely a couple $100M between all that and I think that is a conservative estimate now. I'm guessing we're going to get shills saying that 1600 is some common time for things to auto-do-things, I don't buy it. + +I'm afraid for the world next week, but I'll be sitting on my hands and jerking it my GME. Is that enough disclaimer I'm up to the tits in GME? This might not have anything to do with GME, but something is about to happen. My first big markdown post with graphs and pictures as links, hopefully it formats right on first post. + +🚀🚀🚀💎👐 + +Edit: Thank you to whoever gave my new account it's first award, I appreciate you. 🚀🌕🦍 + +Edit 2: After seeing a lot more posts of things just connecting, we should not celebrate, but keep in mind that there is a chance that Friday was a significant date in the shorts eyes and we are seeing a step in the execution of their next plan. Stay alert and always vigilant, hold for the tendies, you know I will be +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. +As an investor in the oil industry, Chesapeake (CHK) has been hanging on the liquidation rack for a while, but does that mean its time to buy? + +With oil having a strong rebound this quarter, what can we expect from this high risk, high reward trade? +I am thinking to try swings in addition to my day trading. I was wondering what are the major differences and tips you can give? I know daytrading has some specific characteristics, like the jerky open when price can turn in a split second, the lunch time doldrum and pick up activity after it. What are the gotchas for swing trading? +Hello all, this is a genuine question. I am well succeed in my career, I have spare money to survive at least two years without a job, but I’m really tired of the corporate shenanigans. I have been studying TA (don’t kill me because of that) and I have been trading for the last two years, my first year was disastrous, but my second year was consistent and now I’m close to a break even in my trading account. Do you know anyone who is doing day trading for a living? Are there anyone who can give some enlightenment? Can we consider this a career? +There has been a plethora of divisive opinions all over the internet, the media, reddit and such as a result of the coronavirus economic shock. And it may not be over yet. + +what has been your key learnings during this time as an investor? will you look to implement or change aspects of your investment strategy in the future? +So business is still relatively young. $85K/month overhead with roughly 40-50% profit margin. Aiming to keep $500K relatively liquid in high yield savings and CD's. Is that too overzealous? I anticipate that would give me a minimum of 2 years running at a deficit if economy crashes. I'm still a solid 20 years from FIRE. +I've been doing some 3rd party consulting on the side via the "expert" channels in the post title. At some point I was guided to $550/hr by someone and I've been using that as default for the rest. They're only really ever 45min-1hr phone calls and don't factor into long term planning, but if I keep it up over several years, it bears the question: how much should I actually be charging? + +$550/hr seems high, but less so when there's a prep phone call with the agency and it accounts for only a few hours per week or month. For context, I'm a startup founder in the $10mm-$100mm valuation range. Still very illiquid, which is why I bother with the calls. Interested to hear others' experiences + +&#x200B; + +edit typo +I'm not sure where to start or how to even go about asking for advice on here, but this is my last resort in an attempt to figure out what to do. + +My aunt has terminal cancer (aggressive lymphoma with brain and central nervous system involvement that will not go away and keeps resurfacing in various parts of her body including her heart and adrenals.) She is having some pretty severe cognitive issues that may or may not be a result from the cancer and/or therapies her oncologists are utilizing. + +I was recently asked to become her Power of Attorney and have been given all rights to handle her finances. + +This is the gist of it: + +She has about $88k in credit card debt, not including a $39k HELOC. She doesn't have a mortgage and lives in a condo. She is currently on payment assistance for her HELOC, but that is ending in December and we will have to start paying about $455 per month on it. + +She is currently receiving long term disability from her employer and SSDI. + +She is a widow and has no children. Her car is paid for, but she does have an extended warranty through December of this year, I believe. + +She does have a small amount of money in a Rollover IRA (she had been pulling money from her company 401k for reasons I'm not entirely sure of) + +The issue I'm running into is three-fold. + +1. Her credit card bills (monthly minimums) total about half of her monthly income. I have attempted to contact her creditors to see if there is anything we can do to get her payments fixed or reduced but I've hit nothing but dead ends. + +2. She requires home health care that isn't covered by her insurance. She is currently paying for these costs out of pocket. She is, fortunately, on a payment plan at the center she receives chemotherapy from. + +3. After paying her monthly fixed expenses (HOA fee, insurance, gas, electric) we are at about a $500 deficit monthly. This deficit will increase, however, because (as I mentioned earlier) she has been pulling money out of her 401k at 20% interest in order to pay bills and have some money in her accounts in case of an emergency. This money has been used to pay bills and is quickly dwindling. + +We have spoken to a lawyer and she makes too much money to file Chapter 7 bankruptcy. I spoke with a debt management company at the suggestion of one of her creditors and they want entirely too much money to consolidate and pay down her unsecured debt. + +I have absolutely no clue how she got into this situation aside from living well beyond her means. She was an international systems accountant for a large corporation for the better part of 25 years and used to make over $115,000 per year. The messed up thing now is that she has just about nothing to show for it. + +I don't know how to free up any money for care giving costs that are only getting more expensive as time progresses. I'm not sure what to do about the credit card debt and I'm not sure she will qualify for financial assistance on a HELOC since she makes too much money per month. + +If anyone has any suggestions on what I should do, I would be so grateful. + +My ultimate goals for her are: + +1. Figure out the best course of action for all of this unsecured debt. + +2. Let her live the rest of her life (however long that may be) without all of this on her shoulders. Her financial situation weighs heavily on her and it's the last thing she needs given her medical condition. She is aware that she got herself into this mess but doesn't know how to get out of it. + +**EDIT:** +I wasn't expecting such a response, and I'm so very grateful for the responses and information. My next step will be to contact a lawyer to determine the best way to proceed. I will try to respond individually to questions and to those I have additional questions for. +I've got 438 calls for 12/30 spy is where it closed yesterday, but options are down $0.10 from where they closed yesterday. Are people spooked by tomorrow or just taking profits? + +Edit: I now know I'm an idiot. Thankfully it is not a life changing amount of sink and I only ever learn the hard way. +The transaction malleability issue in bitcoin isn’t something that makes new transactions just generate on their own. It means that if you’re able to modify a tx hash and broadcast it out, you can *claim* that the transaction never happened, if the sender’s client hasn’t been configured properly to keep track of modified transactions. + +The only way to then generate a 2nd transaction to make up for the first one, is to *manually report the renamed tx as lost to the sender*, who then has to go and *manually* send out a new one. In reality, malleability is not actually an issue with bitcoin, it is an issue with the operators responsible for sending transactions. + +There is no possible way they would have manually pushed out so many malleable payments that their balance went to zero. What they’re claiming here is that the attacker was able to do it on their own, without having the operators manually process 2nd payments. + +There are a few options here, none of which add up to what the SR2 operators are claiming: + +- A hacker got the bitcoin, but it was an old school private key or database break-in, not anything to do with malleability +- The SR2 system was specifically designed to somehow automatically re-send transactions for which it could later not find the original tx hash +- The operators of SR2 see the malleability issue as a cover for their theft + +#1: The SR2 operators seem pretty confident that it was not a regular prvky/db theft so why not take them at their word? + +#2: This is tantamount to a malicious implementation anyway, so if it were programmed like this, which would be beyond stupid, it should equate to the operators being guilty of the theft themselves anyway + +#3: The only reasonable conclusion + +Their talk of honesty and integrity was and is a ruse. This operator should never be trusted again for anything. + +Anyone else have an alternative explanation? If they're innocent, they have some explaining to do. +As the title says my brother hasn't paid taxes in a long time. He went through a rough patch--got addicted to opiates. Fell off the map for a while. He got clean which is great but that was like 7 years ago, and ever since then, he's been working under the table as a tradesman. While he was an addict he worked here and there as a tradesman, also under the table. So basically all of his income has been unreported. + +I'm concerned that he hasn't done a tax return in over fifteen years. I feel like it's only a matter of time before the IRS catches up to him, and he faces some sort of consequences. + +On the other hand, I'm not sure there's any record of him ever getting paid anyways, so maybe there's no reason to be concerned? I don't know how the IRS handles stuff like this, and what they know and what they don't know about his situation. + +My questions are: is he in trouble? What should he do? Does the IRS offer a path to get back on track? Or do they just throw people in jail for stuff like this? + +His solution is to hide his head in the sand, but I don't want to see him go to prison. He'd be willing to work towards a solution but he believes there are none, and that he's basically just fucked. + +Also, he filled out a form online to get the stimulus checks, so they have his address. He never got a check but he gets these letters sometimes saying that he can still fill out a form to get his stimulus money. I can only assume those are automatically sent out. So they DO send him mail, but, he's yet to receive anything scary. + +Edit: I just wanted to thank everyone for the comments so far, this is really helpful. + +Edit 2: Thanks again guys, this is incredibly helpful. This is a topic that I've lost sleep over. After reading the comments here I feel like he will be able to avoid jail time, which is my main concern. + +I think the plan, as it stands, is to enter his info on the IRS site to see if anything has even been reported at all. Then once he gets an actual full time job, instead of freelancing, we will help him hire a tax attorney or accountant, and start the process at that point. I have very little hope that my brother will do any of this on this own. Opiates really fucked him up and destroyed his sense of self worth. It's been rough getting him back on track but I think he has enormous value, he just doesn't realize it. + +He's a hard worker and very clever but he has remarkably selective intelligence. He's a skilled carpenter and electrician, he's articulate (much more so than his competitors), he's good at solving problems and I can't think of a better person to have in an emergency, or high-pressure situation. On top of this he's saved 5 lives over the course of his life on 3 separate occasions (2 fires and a sledding incident). He has enormous value but he's absolutely broken in terms of managing his own life, building wealth, or even sitting at a desk long enough to do a tax return. I honestly think he was just born in the wrong century... He would have thrived in the middle ages +bill text: [http://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill\_id=201920200ACA11](http://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200ACA11) + +&#x200B; + +So apparently prop 19 passed. I'm trying to figure out how they are actually calculating new values. + +The text reads: + + (A) The taxable value of the family home, subject to adjustment as authorized by subdivision (b) of Section 2, determined as of the date immediately prior to the date of the purchase by, or transfer to, the transferee. + +(B) The applicable of the following amounts: + +(i*) If the assessed value of the family home upon purchase by, or transfer to, the transferee is less than the sum of the taxable value described in subparagraph (A) plus one million dollars ($1,000,000), then zero dollars ($0).* + +(ii) *I****f the assessed value of the family home upon purchase by, or transfer to, the transferee is equal to or more than the sum of the taxable value described in subparagraph (A) plus one million dollars ($1,000,000), an amount equal to the assessed value of the family home upon purchase by, or transfer to, the transferee, minus the sum of the taxable value described in subparagraph (A) and one million dollars ($1,000,000).*** + +&#x200B; + +so for example if you have a house that was bought at 500k in the 90's, and due to 2% increase every year under prop 13 is currently has a tax basis of 1 million dollars. If the Fair market value is 1.9 million currently then does that mean 1.9 million - 1 million = 900k which is less than a million and thus there is no increase in the tax basis? + +&#x200B; + +Say the house Fair market value is 3 million. Is it then 3 million -1 million = 2million and you pay stepped up taxes on 2 million or is it 3 million - 1 million (original tax basis) - 1 million = 1 million increased tax basis? + + + +Also how would the homeowners exemption work? Do you need to live there for 1 year or you need to live there forever? The text is very ambigous: + + + +5) (A) Subject to subparagraph (B), in order to receive the property tax benefit provided by this section for the purchase or transfer of a family home, the transferee shall claim the homeowner’s exemption or disabled veteran’s exemption at the time of the purchase or transfer of the family home. + +(B) A transferee who fails to claim the homeowner’s exemption or disabled veteran’s exemption at the time of the purchase or transfer of the family home may receive the property tax benefit provided by this section by claiming the homeowner’s exemption or disabled veteran’s exemption within one year of the purchase or transfer of the family home and shall be entitled to a refund of taxes previously owed or paid between the date of the transfer and the date the transferee claims the homeowner's exemption or disabled veteran’s exemption +Hello everyone! I posted this to a facebook RE group but didn't get any responses and couldn't find any answers here from previous posts + +I am a rookie real estate investor looking to get started this year. I've been exploring my options and have come to the conclusion fix and flips or BRRRR will be my main focus. However because I was "self-employed" since the beginning of January 2020 I cannot get a traditional mortgage. This is relevant because I am wondering if I was to BRRRR a property; currently looking at a 4plex... What sorts of options would I have in order to refi out of a hard money loan? + +I was thinking a local credit union may do a portfolio loan 70-80LTV or a commercial loan then refi later when I can qualify but I'm not sure if there's any other options + +TIA!! + [https://imgur.com/gallery/NBrQwma](https://imgur.com/gallery/NBrQwma) Terms on the deal from my lender. + +https://imgur.com/gallery/l8mEAtU Some pics of what to expect when buying an off market home at 45% of arv. I'll most likely paint the cabinets and replace countertop. Everything else will be replaced . Exterior has nice siding and decent roof maybe 10 years of life left. +&#x200B; + +PP 92K off market from my wholesaler which begged me to buy it because most investors are scared to buy right now. He wanted 120k initially and I told him to keep me as a last resort and I was going to low ball him. + +He came back and said 100k so I said 90k best offer and he says ok. I ask for 2k closing credit so it ends up at 92k. The 2k closing credit just minimizes my cash out of pocket. If everything goes according to plan it should be 92k pp with 8% down because of the 2k credit so around 7400 down and 5k closing costs on average. total 12500 down(on a 210k arv property). Rehab I asked for 36k but only need 25k but let's say worst case it ends up at 30k rehab. I keep 6k from rehab leftover. + +I'm now down from 12.5k down payment to 6.5k capital invested in the property. + +Arv is somewhere from 200k to 230k based on comps of the area. If it stays at what the lender said 210k I should get 157500 cash out minus the loan of 119k is 38,500 . I also have to subtract approx 6k in closing costs from refinance so I'll be left with 30k on the low end of the cash out refi. + +&#x200B; + +6.5k capital I have invested in the property - 30k cash out leaves me at +23.5k and the property. The property itself is in a nice area the home is only 1100 sq ft. Rent should be around 2100 and my expected mortgage after refinancing into 30 years will be around 1300 a month which would leave me somewhere around 500 cash flow profit monthly on this "infinite return" deal. + +I honestly didn't want this property because this city where it's located is a pain in the butt to deal with but the numbers are great. Hope you guys can see the deals are always out there if you have the proper network and financing in place. Doesn't matter what reddit says because reddit is wrong more than half of the time especially when it comes to financial matters. + +Please don't dm me asking to invest with me I'm not interested I don't have the time and I don't need capital. I'll answer any questions on my free time because I like helping new investors out. +*Nothing in this post constitutes professional and/or financial advice, nor does any information in the post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.* + +Okay global Apes. Yes you USA Apes. And you South Korean Apes. And you Europe Apes. Every Ape on the planet. Whatever language you speak. Listen the fuck up! + +**You will never see any of your moass earnings in the banks. What’s more, you’re not even going to get your initial investment in GME back! This is a guarantee.** + +Don’t believe me, think this is FUD, then fuck-off and take your chances. + +If you’re interested in how to protect yourself, then read on. + +In every G20 nation there are Bank Recapitalization “Bail-In” Regime laws in place. This means that when the economy crashes and the banks need saving, it’s not your government who will be saving their asses with bail-outs. It’s you. The depositors. Anyone who has any money in a bank will see that money confiscated. This is known as a bail-in. + +Scared yet? Don’t believe me? Wait for it. Because there’s more! Even worse. Grab the fucking bottle of whiskey! + +In every country your investment industry put together an insurance scheme to protect your securities, shares, tax-advantaged savings accounts, etc. What they don’t tell you about though, is their “back door, screw Apes over, get out of jail free card”. + +Allow me to demonstrate. This is the example given out by the Canadian Investor Protection Fund (CIPF): + +“If a client bought one hundred shares of Company X at $50 per share through a member firm, and the share value on the day of the member firm’s insolvency was $30, CIPF’s objective would be returning the one hundred shares to the client because that’s the property in the client’s account at the date of insolvency. **If the one hundred shares are missing from the account, CIPF would provide compensation based on the value of the missing shares on the day of the firm’s insolvency.** In this example, that’s $30 per share.” CIPF maximum payout on all my GME shares will be $1m per account. + +Me: Ummm …. Why would the shares be missing? + TD Lawyer: I don’t know. Maybe because they weren’t delivered in time before the other company went bankrupt. + Me: As in “failure to deliver”?? + TD Lawyer: Yes. + +**Annnnnddd …. We’re fucked!** + +**This then is their loophole for limiting payouts and erasing the billions of counterfeit shares in existence!** + +Have the rest of the whiskey now. I’ll wait. I mean it. Go take a fucking break. Let this sink in. + +Intermission. + +Breathing yet?! Alright. Let’s get to how you protect yourself, safeguard your GME shares and get paid moass prices. + +If you haven’t figured it out by now, I’m a Canadian Ape. The details and examples I use will be from the Canadian plans and only for demonstration purposes. + +In Canada: + +**CDIC** – Canada Deposit Insurance Corporation – insures deposits with banks and savings institutions. In Canada the maximum is $100k. + +**CIPF** – Canadian Investor Protection Fund – insures securities, investments, shares, etc. In Canada the maximum is $1m. + +**CDIC/CIPF:** + +Don’t mix up the two laws. Break it down as follows: + +1. CDIC bail-in law, especially in respect to deposits over $100k. + +2. CIPF law for “missing” shares and the need to safeguard all your shares via DRS. + +3. Protecting your moass earnings especially if they’re to be deposited into bank accounts once a 3-5 year bail-in regime has been enacted. + +That’s it. It’s really that simple. The rest are all mechanics of each plan. + +And another Canadian Ape, Opposite-Decision579, may have already found a risk-free way to secure our post-moass earnings! GME NFT, krypto, gold bullion. Gmerica. + +Get to it global Apes. Your mission now is to seek out the equivalent plans in your own country and understand what’s eligible, not eligible and their limits. + +Trust what I’m saying? Then DRS **all** your shares to Computershare right away. Diversify your current bank accounts now so that they’re under the insured limits for confiscation. Or move it into Krypto or gold bullion. (Experts are predicting a 66% drop in prices across the board once the crash happens, but krypto and gold bullion will bounce back and how!!!). + +Spread the word amongst your family, friends, neighbours, bosses, etc. Because the bail-in laws affect personal, corporate and government bank accounts. Payrolls will be confiscated! + +**Please make sure to emphasize which country is being analyzed in your post title so we don’t muddy the information waters with the different country plans.** Maybe consider a country specific sub similar to GMECanada to keep the posts and conversations contained. + +Don’t ask me questions about your country plans because I don’t know. + +Instead, use my own 7-part series posts as an introduction on why bail-in laws exist, what happened to Cyprus when their top two banks were bailed-in, the mechanics of the bank depositor insurance, the mechanics of the investment insurance and finally a solutions database aimed at making sure we get paid and keep our moass earnings. + +Don’t ask me questions about credit unions and trust companies because my opinions are already expressed within my posts and comments. + +[https://www.reddit.com/r/Superstonk/comments/q0w25r/bank\_bailins\_an\_apes\_worst\_nightmare\_how\_you/](https://www.reddit.com/r/Superstonk/comments/q0w25r/bank_bailins_an_apes_worst_nightmare_how_you/) + +[https://www.reddit.com/r/Superstonk/comments/q0w39v/bank\_bailins\_an\_apes\_worst\_nightmare\_how\_you/](https://www.reddit.com/r/Superstonk/comments/q0w39v/bank_bailins_an_apes_worst_nightmare_how_you/) + +[https://www.reddit.com/r/Superstonk/comments/q0w7ek/bank\_bailins\_an\_apes\_worst\_nightmare\_how\_you/](https://www.reddit.com/r/Superstonk/comments/q0w7ek/bank_bailins_an_apes_worst_nightmare_how_you/) + +[https://www.reddit.com/r/Superstonk/comments/q0wc88/bank\_bailins\_an\_apes\_worst\_nightmare\_how\_you/](https://www.reddit.com/r/Superstonk/comments/q0wc88/bank_bailins_an_apes_worst_nightmare_how_you/) + +[https://www.reddit.com/r/Superstonk/comments/q0wec3/bank\_bailins\_an\_apes\_worst\_nightmare\_how\_you/](https://www.reddit.com/r/Superstonk/comments/q0wec3/bank_bailins_an_apes_worst_nightmare_how_you/) + +[https://www.reddit.com/r/Superstonk/comments/q0wfsw/bank\_bailins\_an\_apes\_worst\_nightmare\_how\_you/](https://www.reddit.com/r/Superstonk/comments/q0wfsw/bank_bailins_an_apes_worst_nightmare_how_you/) + +[https://www.reddit.com/r/Superstonk/comments/q0wh6s/bank\_bailins\_an\_apes\_worst\_nightmare\_how\_you/](https://www.reddit.com/r/Superstonk/comments/q0wh6s/bank_bailins_an_apes_worst_nightmare_how_you/) + +[https://www.reddit.com/r/Superstonk/comments/q3d5se/bank\_bailins\_do\_i\_think\_bank\_bailins\_would\_be/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/q3d5se/bank_bailins_do_i_think_bank_bailins_would_be/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/q3d7lm/bank\_bailins\_or\_how\_you\_could\_lose\_your\_money\_in/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/q3d7lm/bank_bailins_or_how_you_could_lose_your_money_in/?utm_source=share&utm_medium=web2x&context=3) +GameStop still has that $100mil allocation for a share buy back, today would have been an amazing opportunity to get a nice discount; either GameStop is saving their secret weapon, or rc knows some more nudity is on the way and is eyeing a tastier dip than today. I think getting anywhere near $100 a share will trigger that buyback so I don’t see it going sub $100 for more than a millisecond if at all. Thanks for coming to my tedstop. + +This month should be exciting all our tits +We all regret buying a coin at some point in our crypto investment journey, mine was buying a shitcoin called Statera at the wrong time. You know the drill, they great a shitcoin, some whales invest in early, then they shilled like crazy and dump it on clueless investors. + +So what about you which crypto do you regret buying? +I will never understand why some people put few k $ or even much more in some random shitcoin. Some of them even go all in one coin and ignore everything else, cause they think it will make them multimilionaires. It is terrible idea to do it. I am risking 10/20$ if I gamble on shitcoins or memecoins ( also not more than 10% of my portfolio). I like it, cause at worst case I lose 10/20$ and at best I will find next x100 or x1000 coin. I would never put everything in it, like unfortunately many people do. If you have few k$ or more then invest in safe coins, divide it into BTC, ETH and some altcoins. At least you do not risk they will be rug pulled or go down -99%. + + +I think those people wake up one day, accidentaly read about some shitcoin in the internet and decide it is good to put everything they have into it. And later they act suprised if coin is scam, rugpull or just go down like most coins do. Sometimes of course it work. But either oerson that put few k are milionaires, so they do not risk much or they had dumb luck. Many people YOLO their homes or lifesavings into shiba over last few months. They are rich as hell now, but it doesn't change that they acted like gambling addicts or idiots. For every dumb luck milionaire is hundred dumb people that lost everything. +And no, no one in crypto will feel any empathy if you will do anything like that. We saw it too many times. It is natural selection. If you are bad investor or have no experience you should learn more, not put more money. It should be obvious for anyone. + + +I understand sometimes we are curious about some coin or have good feelings about it without any reason. Doing this instead of proper DYOR is bad strategy in crypto, but if you really want to check what will happen invest 10/20$. In worst case you will learn a lesson to never listen to hour feelings when you invest. Or you will be lucky. If you will be lucky it doesn't mean you should put more money into it. No one know future, everyone would be rich if we could predict future profits. +And that's using busted valuations the remit so many prices to fit the "inflation is transitory" narrative. + +This is even worse considering the calculations used in the 70's and then the 90's would be closer to 15 and 10% respectively! (back when information wasn't on purposely remitted to make the calculation look better) + +Costs of literally everything are increasing on a month to month basis, while property values, stocks, bonds, and crypto all seem to be increasing (especially crypto). + +The larger global market is likely due for a housing crash in the coming year or two as well, with Chinese property companies barely able to scrape up enough liquid cash to pay the interest on the bonds due. + +I don't see the crypto bull market dropping anytime soon as the global money printing continues to churn at an ever increasing rate. + +Just a reminder, if you did not receive at least around a 7% wage hike at your business or job, you lost an incredible amount of purchasing power year over year. + +But don't worry right? "It's transitory" nothing to see here. Do not look at the man behind the curtain. +Note: This is based off my proprietary TransUnion and Equifax scores, which have always had a strong correlation with my FICO 8 score. I am waiting on the next FICO refresh. + +I thought I was a credit master. I brought my score up from the 500s to 820 over the past 8 years. I read all the literature, understood the score factors were things like payment history, utilization, total credit availability, # of inquiries, average account age, etc. + +I had 2 private student loans that were both recently established in the past 2 years. They were loans, not revolving credit, and were bringing down my average credit history to 7 years. I recently got an influx of money so I did the math and paid these off, freeing me up about $1000/mo in payments. As a result, my average credit history went up to 9 years as expected. + +What was unexpected was my credit score dropped by over 50 points. + +I'm racking my brain and re-reading literature trying to figure out what went wrong. I have 100% on-time payment history, less than 1% usage on my revolving accounts (credit cards), 0 deregatories, 0 hard inquiries, 9 year avg credit history (and 19 years is my oldest). My credit mix still includes 2 other installment accounts (federal student loans auto-deferred due to covid) along with my 7 revolving. The ONLY thing I could see affecting my score...is that I went from 11 total open accounts, down to 9 total open accounts. According to CreditKarma, 0-10 total accounts is a red zone, and 11+ accounts is in the green zone. + +Is it possible that I dropped nearly 60 points because I have too FEW accounts open? Really? + +Normally I wouldn't care too much, but I am BUYING A HOUSE this summer and trying to nail the smallest rate possible - every partial percentage point equates to a ton of money over 30 years. I feel like I screwed myself big time, here. +So the total vote was 55 million shares. There are around 75 million total that are supposed to exist. So someone can correct me if I'm wrong, but if people can't vote for themselves (eg, Ryan Cohen), then that's pretty much every single legal share voting. Adding the people who couldn't vote due to brokers or people who just didn't vote (Etoro said around 37% didn't), then we have over the float in votes. +I am in the process of buying my first property with a friend; the chain is complete and we are looking to try and exchange before Xmas (happy days). We are holding the property as Tenants In Common, initially agreed at 50/50. + +Our offer is £395,000, of which I am putting in a £45,000 deposit and my friend is putting in nothing. I don't have a problem with this, as their income is considerably greater than mine and allows us to borrow a lot more. + +My question is, what is the best way of dealing with the unequal deposit in making sure I get a fair return when we sell the property which won't happen for many years as this is a long term investment for the both of us. + +- Initially I suggested we apportion the mortgage payments so that my friend is paying more, but this seems tricky. + +- Our solicitor advised that the deed is written so that when we sell the property, I get back my £45k and then we split the profits 50/50. On paper this seems fair, but in reality wouldn't my 45k be worth less because of inflation? I could stick that into a savings account and watch it mature (albeit in the current market not by much) + +- Agreeing that the TIC split is not 50/50, but 60/40 (for example) in my favour? + +Any advice would be great. + +Edit: Thank you for your comments & suggestions, I have taken them all into consideration and will be discussing with my friend a solution that we are both happy with. I'll probably post a second update with our decision in case anyone else finds themselves in a similar situation. + +Edit2: For those that are interested or stumble onto this thread looking for the resolution, there actually wasn't one. Our short, medium and long term plans conflicted (i.e. my friend was looking to settle down with a partner and move out, which could have been as early as 6 months time) so they pulled out. Advice to anyone going in with a friend is have those kind conversations before you start, let each other know where you plan to be in 2, 5, 10 years time. Sounds like common sense, but I got blinkered by the prospect of moving out of my parents place. +Had this have not been an issue, I expect we would have gone with Wantag_Bob's suggestion; I would have owned 11.4% from the 45k I put upfront. The remainder split 50/50, and then mortgage payments, bills, maintenance costs ect... would have been split 50/50. + +I am the same old story you have heard on this subreddit a million times. 25, soon-to-be-married, 120k combined income, own a home, net worth around 110k. Only debt we have is our mortgage. Currently we have about a 36.2% savings rate. + +Growing up I have ALWAYS been obsessed with cars. Not how they work but how the look and perform. I always wanted to eventually own an amazing car. It is just hard for me now that I am so grounded and want to save for retirement to justify buying a higher end car. + +My question is to you guys in a similar situation who drive the Audi's, Bimmer's, and Porsche's -- do you ever regret it? + +I would really love to buy a 35k-40k used Porsche but I feel like I would constantly be regretting it when the monthly payment, insurance, repairs etc came in. + +Any insight? Also I do not need to hear a million answers of "Why would you ever spend so much on a car blah blah blah". I want to hear from people who have the same passion in performance cars. + +**Update** -- So holy shit. Did not expect this kind of response and I really appreciate everyone's feedback and it actually made my decision really easy. I actually read EVERY single response to this thread. I decided I am going to keep my current paid off car ('11 Hyundai Sonata 2.0T). Looks like I will also be spending some money on some track days to experience some of these high end cars however. I figure I would rather not have to worry about all the thing associated with these high-end cars and instead have more money for things that I also enjoy like travel. Thank you all so much! +You adopted Bitcoin cash. You did it during the time when thousands of new people are rushing to your site each day. People that don't know the difference between the currencies and will buy Bitcoin cash because it's cheaper. You can't even handle the volume of the demand for the three coins you had. You said stability and security and then segwit are your priorities. You then decide to add a shit coin. The problem here isn't necessarily your decision, it's the power you have as the on ramp into crypto. I think you do a good job overall but I really can't wait until you have a competitor. I feel like you just hurt Bitcoin by doing this. +" UPDATE https://twitter.com/kellykolisnik/status/800631422851510272 + +Kelly Kolisnik @kellykolisnik “He who controls the past controls the future. He who controls the present controls the past.” -George Orwell. #Orwell @WikiLeaks + +Kelly Kolisnik of Wikileaks tweeted this about an hour after the the earlier version of this post. + +Very possible this is a /Wink&Nod/ to indicate we are on the right trail + +Blockchain is the key + +Cabelgate ( http://www.righto.com/2014/02/ascii-bernanke-wikileaks-photographs.html ) + +Backup files found in blockchain. Wikileaks used special insert / withdraw tool. + +Characteristics of suspicious transactions: + +.0001 BTC to multiple created wallets + +Transfers with abnormally high TRANSACTION COSTS, to ensure posting in case of unusually high volume + +List of other suspicious transactions - u/Cpt9captain http://pastebin.com/j3VwksdW + +https://tradeblock.com/bitcoin/tx/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d .0001 transfer FEE 291 BTC ($280,000 USD) + +The answers are here, it is only a matter of isolating the data. Stay strong. Stay focused. This is history. + +ORWELLIAN DICTIM IS BEING BROKEN + +INFORMATION IS POWER + +He who controls the past controls the future. He who controls the present controls the past. Today He dies. + +It will be where the dead switch is released if it exists, and Julian confirms its use in VERIFYING PAST DUMPS. The odd behavior on behalf of Wikileaks Wallet pushed me to do some search into Wikileaks history with Bitcoin. After reading the chan posts about DMS / keyholders / wildcards, I noticed that most documented instances of Julian's discussion of BITCOIN/BLOCKCHAIN architecture always ended up relating to publishing and time verification. (two elements of a DMS). “Bitcoin is an extremely important innovation, but not in the way most people think. Bitcoin’s real innovation is a globally verifiable proof publishing at a certain time. The whole system is built on that concept and many other systems can also be built on it. The block chain nails down history, breaking Orwell’s dictum of ‘He who controls the present controls the past and he who controls the past controls the future’.” IF THERE IS A DMS IT WILL BE ACTIVATED VIA THE BLOCKCHAIN. moreover, IN THIS VIDEO ASSANGE DISCUSSES USING THE BLOCKCHAIN IN THE PAST FOR CRYTO VERIFICATION. https://www.youtube.com/watch?v=RSfZC_u1Fcg We must pour through WIKILEAKS Blockchain transaction history as their is most certainty new/and or undiscovered information/indicators. He knew the dark days would come, and there is no doubt in my mind the answers to the questions we have are answerable due to the breadcrumbs and canary left for us. #FreeJulian " +How useful are technical indicators like stochastics, ichimoku cloud, macd, etc, not custom indicators developed quant firms or whatever. Say if I tried to make a neural network that attempted to find correlations between various TAs and price movement would that be worth working on? Or are technical indicators akin to astrology for finance bros? +Seems to me that infrastructure and data are very big time/money spends. + +Why don't a bunch of us just share the infrastructure/data as well as the cost? We each have to repeat outselves whereas the sum of our work can be a huge win. + +Or if we are devs, we can collaborate to write better software. + +The **ideas/strategies would be proprietary**, just sharing the data/infrastructure. + + +EDIT: To be clear, I'm talking about retail algo trading, NOT professional trading, which obviously, would not share infra +I developed a system that should be able to create trading rules based on arbitrary historical data. It does so by running a genetic algorithm on hundreds of backtests and picking the best set of strategies each generation. + +Currently, I’m using technical indicators and OHLC data to create these strategies. The problem is that I can’t develop a profitable strategy that outperforms Buy and Hold on the validation set. I’ve identified two possible causes for this: + + +- I need to work with intraday price movement for technical indicators to really work. +- I need other data outside of historical price data to create a successful algorithm. + +In figuring out the next steps, I wanted to get some feedback on this question and some possible direction for next steps. Should I tweak the system to work with intraday data? Should I incorporate other types of data? + +Thanks! + +EDIT: What type of data do your most successful algorithms use?* Damnit I wish I could edit the title. +Hi all, so i've been doing live trading with a couple of automated strategies i've developed, for about a month or so and the net gain is ~20% as of today. But is a one-month duration sufficient to justify me investing a larger amount through these trading strategies. +Given the input, and given the fact that there can only be 1 output node, + +no matter what neural network architecture I use + +(residual neural network, or regular MLP with batch normalization....etc, input data normalization....etc), the output value is typically around -0.05 (plus or minus of about) 0.003 + +&#x200B; + +Because the output value is so small in magnitude, it's near impossible to train the system. I tried with just a linear activation for the output node, but still the same result. +Hi! I'm starting the process to buy a home for the first time. My partner and I got pre-approved earlier this week and I'm struggling to wrap my head around the pre-approval letter. I know pre-approval letters can differ depending on lender and I'm not sure how much of this reflects the letter vs the current market. + + +We were pre-approved for a 300K home. This is with 15K down, 13K closing costs, and 6K in escrow, so about 35K up front from us. We'd be making monthly payments of a little over $2100, which seems insane. We currently rent and pay significantly less than that in rent - 90% of the homes under 300K in our area are at best, as nice as our rental and at worst decrepit. We're able to put more than 15K down (we've both been saving up for this) but for every extra 1K we put down, it translates to $6/mo less. The pre-approval letter can be changed by the mortgage company to go up to 500K, but that will increase our monthly payment by $1500-1600, so we'd be paying 3500/mo, which isn't affordable for us. This number includes all taxes/interest/mortgage insurance/etc. + +For reference, both our credit scores are over 800, we both have great jobs and combined take home 130K+/year, I have no debts, my partner has less than 20K in student loans she's been paying off. We've never missed a payment. We're in great financial standing and have a combined 50K we'd be willing to put down on a home, plus more in assets. We live in a major city in the US with a lower COL compared to other major cities and are trying to buy a home in an up and coming neighborhood (the one we currently rent in). + + +Can someone help me wrap my mind around this? Why would we pay 35K up front to have a higher monthly payment to live in a shittier house than we do now? Why doesn't the cost per month drop significantly with the more we put down (if we put 50K down, not including closing costs, on a 300K home, it would be....$270 less a month)? The APR on the letter is also 6%, which seems high to me. + + +With these parameters, I'm struggling to see how anyone affords a home. Going in, I felt like we were in a really good position to buy a home, but I'm feeling discouraged at this point. I'm thinking about getting other quotes from other lenders but I'm not sure if now is the appropriate time to do so or if we would wait to do that until we moved in with an offer. + + +Can someone provide insight on this? Any feedback is appreciated. Thanks. +*Disclaimer: This event is not monetized, there are no sponsers, the prize pool, event, minting and distributing the NFT-Shirts is all out of pocket.* + +&#x200B; + +https://preview.redd.it/zi0tun9bwka91.png?width=4000&format=png&auto=webp&s=f539d91dace8518b4401e496adfd479b0faeb14a + +Tonight in the Loop Monsters Open Beta game at **9pm EST** will be the first Layer 2 gaming tournament. Come and spectate for free and receive a wearable NFT-Shirt. + +We were proud to acheive being the first game built on top of Loopring and integrate the Gamestop Wallet. + +&#x200B; + +You can login to the game with the Gamestop, Metamask or Loopring Dex wallet. + +To attend: + +* Connect your wallet to: [https://play.loopmon.com](https://play.loopmon.com) +* Connect to the game. +* Follow the signs in the map to the venue! + +**The event starts at 9pm on the dot!** + +&#x200B; + +If you have any queries regarding the security, the authentication method is open source and can be inspected by anyone: + +[https://github.com/LoopMonsters/LoopringUnity](https://github.com/LoopMonsters/LoopringUnity) + +&#x200B; + +Lineup + +&#x200B; + +https://preview.redd.it/uz71otblela91.jpg?width=3840&format=pjpg&auto=webp&s=2bf103b8907d9c3596def3a9ef22950195369cfa + +&#x200B; + +Edit: There is a planned patch update at 7pm EST. +Hello Everybody, + +I just read a book about alternative investments and I wanted to get your take on what your favorite alternative investment is? Or what alternative investment really interests you the most? +&#x200B; + +So, we all remember the first attack on WSB last week, resulting in the sub going private for an hour so that the mods could get things under control. + +If you recall, it was a pure numbers game. Insane amount of obvious bots with brand new accounts spamming tickers and 🚀 with no other actual content. + +It was extremely easy to spot and report suspicious accounts. Mods took control quickly. + +They have adapted. **Quickly**. The manipulation is currently much more sophisticated. + +HFs underestimated individual investors and currently find themselves in a world of trouble. Do not make the same mistake they did. Consider the following: + +&#x200B; + +Every time you see a post that is ever so subtly guiding your attention away from GME, or has a general tone that the squeeze is basically over, or is giving good SI indicators about other potential squeezes etc, open their profile and do the following: + +* **Posts**. Things to look for: + +1. What were they posting about a few weeks ago. If its only topics unrelated to finance/investing➡️suspicious +2. When was the last time they made a post before starting to post about GME/investing. If theres a time horizon greater than 2+ weeks between their usual activity and current GME squeeze posts➡️suspicious . +3. *Telltale signs*: Account has a long history, posting about topics unrelated to finance and investing. Out of the blue, successive GME squeeze related posts. + +* **Comments**: + +1. Scroll through the comments to get a general sentiment and feeling of how “real” the account is. If they seem to be parroting a lot of GME squeeze related stances in great succession, followed once again by a time period cushion before their usual comments on other unrelated topics ➡️suspicious + +&#x200B; + +TL;DR: I will not repeat what everyone has heard and is already well aware of by now. We are in a historic event. The stakes are high. Huge sums are involved. Recognize the magnitude of the situation and approach every interaction with caution. Social media manipulation has been “solved” over the last decade, be constantly aware of that. Any information you read, always do your own research, on the topic and on the source itself. + +And, of course GME 🚀🚀🚀 + +EDIT: In regards to the 2+ week time horizon between non finance topics and GME, that only applies to POSTS that are very confident in their advice. Obviously that doesn’t apply to comments. People have naturally gravitated from non finance topics to this historic event over the past few weeks(5m+ new members in a week says it all) +Hi all, + +I’ve seen quite some posts about the effects of rule changes and some puzzle pieces about what happened in the last few days. This post tries to connect some of the pieces to clear some of the image. + +We’ve seen OTC changes: companies that have been delisted (read: shorted into the ground by SHFs) are not longer collateral for new leveraged trades. u/Criand Made some great posts about this. I’d like to clarify why that’s apparently a big thing. + +Let’s say they used 100M shares in naked shorting to run company A to the ground. The position went from $4.50 per share to $0.50 per share, giving the 100M ($450M) massive profit of $400M. Note: if they don’t close this position, they don’t have to pay taxes on it as they’re unrealized gains. + +Now before September they could use that unrealized gain as collateral for a new leveraged naked short position. If they only need a 10% margin they could get a multi billion dollar ($4B) naked short position to run down company B. The Archegos files showed a 20-to-1 leverage, which means a 5% margin, resulting in a 8 billion dollar position with $400M margin. +(Edit: Rest of Europe to UK / US: 20x is not 20:1 ofc and 10x is not 10:1 but you get the idea.) + +You get the idea. If we take this a few steps further it’s leverage-on-leverage-on-leverage which doesn’t need to be taxed for, until now, because the rules changed. + +It’s time to make the puzzle image more clear. + +We’ve observed Citadel that needed to borrow $500M in august to meet the margin requirements. Initially, I’ve seen apes saying this is because of the new margin requirements which didn’t make sense to a lot of other apes because the margin requirement increase from 10k to 250k are so small. + +SPOILER ALERT: +It’s not because of the margin requirements. It’s because they have $500M in collateral OTC (naked) shorts that they previously used as margin to bring down GME, movie stock, and others. + +Citadel is about to be taxed on those, having to pay like $100M. This should fuel the financial institutions and the SEC to bring up the net in times where they are needed to support the economy. It’s basically easy tax money for them. + +TL;DR: we missed the impact of OTC rule change. It should be clearer now. +Reject Manhood Become Dog - Take the Dogpill! + +Admit it, women 💃 would much rather be with a dog 🦮 than you. That is why it is time to take the 💊 DOGPILL! Dogpill Finance 💉 is a new BSC token that would be perfect for your existing 🐶 dogfolio. 🐕🌭🐩 + +1% of each transaction goes to a charity wallet - $11.000 dollars raised in just 12 hours! +Yes, that is correct - this project is just 12 hours old. + +Some big things up next: + +$10k+ donation to charity + +Token burns on major milestones + +Coingecko and coinmarketcap listings + +Influencers and marketing + +New website + +New roadmap + +NFTs + +CEX listing + +Website: https://dogpill.finance +Telegram: https://t.me/DogpillFinance +BSC scan: https://bscscan.com/token/0x50c718cFD843807d545C7C627d3b6Be662092488 + +Original Ended Presale Link: https://dxsale.app/app/pages/defipresale?saleID=67&chain=BSC + +Chart link: https://unidexbeta.app/bsccharting?token=0x50c718cFD843807d545C7C627d3b6Be662092488 + +PancakeSwap: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x50c718cFD843807d545C7C627d3b6Be662092488 + +LP locked: https://dxsale.app/app/pages/dxlockview?id=67&add=0&type=lpdefi&chain=BSC + +Tokens burned to date: https://bscscan.com/token/0x50c718cfd843807d545c7c627d3b6be662092488?a=0x0000000000000000000000000000000000000000 +**What is Wagerr (WGR)?** + +* A decentralized, blockchain sports book that allows you to bet on sports from anywhere in the world (no geo-restriction) +* You hold and control all of your funds in your own desktop, app, or website wallet +* All sports bets are placed on the blockchain +* Smart contracts payout bets after oracles feeds results to the blockchain + +**I'm an investor, not a sports bettor, what is in it for me?** + +* You can be the house! The typical "profits" a sports book would make are distributed to all masternodes. Anyone can run a masternode for 25,000 WGR +* Wagerr is Proof of Stake and anyone can stake any amount of WGR to earn block rewards +* The tokenomics are deflationary (all bets are burned, winning bets are minted). Because "the house always wins" more coins are burned than minted deflating the supply of the coin. Decrease in supply means WGR is worth more. The more betting the more burning! + +**Why is Wagerr different than other traditional or "crypto" sports books?** + +* You hold your own funds (no more BEGGING to withdrawal your own money!) +* Best Odds (no profit motive for WGR as it is decentralized and there is not company behind it, so they can offer the best odds) +* NO KYC (you don't even have to provide a name or even an email) +* No geo-restriction (bet from anywhere in the world) +* No limits on betting (Dana White that means you can bet $1 millions on Ben Askren) +* Winning bettors won't get limited +* Completely transparent, you can see every bet, every line movement, EVERYTHING on the block explorer at [https://explorer.wagerr.com/#/betevents](https://explorer.wagerr.com/#/betevents) + +**Why is Wagerr starting to go up now, why is it up 30% so far TODAY, and why does it have a TON of room to grow? Here is everything that has happened in 2021:** + +* Launched [https://www.wagerr.com/sportsbook](https://www.wagerr.com/sportsbook) (now someone can signup on a website in 3 clicks, provide no personal info, and they are ready to bet on sports. Before this launch someone had to download an entire node which took hours, just to bet) +* Listed on Beaxy - US Regulated Exchange where you can buy and sell WGR with US Dollars providing a safe and easy way to get money on and off of WGR +* Listed on Uniswap +* Listed on Pancake Swap +* Various AMA's to different crypto communities +* Even though it is up 30% today it is still just under 5 cents a WGR with a TON of room to grow. Back in the first bull run (when Wagerr was just an idea and had no product) it traded at 1 dollar a WGR! + +There is so much more I am sure I am forgetting. Wagerr community, what did I forget? For those that want to learn more, what questions do you have? + +(Also, it should be noted I am a degenerate sports bettor, not a financial advisor, so don't take this as financial advice and as always do your own research) +Here’s my analysis of the 3 main anti Elon coins. + +📚CLEAR WINNER: $fuckelon on the Binance Smart Chain. 13k HODLERs, market cap of $390k, largest wallet owns 0.39% of the coins (very good). Was tweeted by Logan Paul. Tokenomics: 5% of each transaction is burned, 5% is redistributed to HODLers, 3% is goes to liquidity. “Not a scam” per tokensniffer.com (You can verify for yourself) and clean report card on bscheck.eu . No whales. Zero chance of rug pull. +Telegram: https://t.me/fkelonmusk Website: https://fuckelon.net/ +There’s also a subreddit /r/fuckelonmusk + +Contract ID: 0xD2602dBB063627B80D5ae671007900F558c49E35 + + +📚RUNNER UP: $FELON coin on the Binance smart chain, just over $3k HODLers and $180k market cap. Largest wallet has 1.8% of coins. Tokenomics: 5% tax, 5% liquidity fee. Website: unknown. + +Contract ID: 0x19e69d1551d9ea3cf0de3412d1325c348905a2d7 + +📚THIRD PLACE: $STOPElon, binance smart chain, (top 5 wallets own 20% - high probability of rug pull), market cap of $18M, 22k HODLers. Tokenomics: deflationary. High rug pull probability and a warning on bscheck.eu comes up. + +Contract ID: 0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +There are numerous other anti-elon coins, these by far are the top 3. If you appreciate this post please upvote. +Microsoft is sidestepping the original equipment manufacturers like Hewlett-Packard and Dell that have long built PCs for its Windows software to build its own $1,499 laptop. Microsoft — which also introduced two new smartphones, a new Surface tablet and an updated wearable device — is betting that by deploying premium hardware, it will lure more customers into its cloud ecosystem. + +It’s an effort by the company to one-up Apple and Google both of which recently unveiled higher-tier mobile devices designed to compete in the workplace. + +The Surface Book, with a screen measuring 12.3 inches diagonally, is Microsoft’s first laptop and its second device category designed for enterprise-tier use — the Surface line of tablets came first. + +Microsoft has outperformed both Apple and the Dow Jones Industrial Average over the last three months, rising 5.2% versus declines for the other two. +S&P 500 hits record as Wall Street bets the Fed will lower interest rates, Dow surges 250 points - https://www.cnbc.com/2019/06/20/stock-market-dow-futures-higher-after-fed-raises-rate-cut-hopes.html +If i see a stock that keeps moving between 0.05 and like 0.055 could i possibly just keep buying and selling when it reach's 0.055? I know that when you sell, there is someone buying at that price at the same time, is there some way i can make sure that my sell order will execute and that there's enough people to buy at 0.055? +Seriously, **read it** \- it's the best DD you will read all week. + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +Please credit the original poster u/RubinoffButtChug69 + +As we all know, last Thursday on the 28th RH and other brokerages disabled the purchase of GME shares at a critical moment that very well may have been the beginning of the squeeze. This is a significant day because it broke the momentum, and many users seem to believe that the hedge funds planned this moment to strategically cover their short positions. + +Link is [https://www.reddit.com/r/wallstreetbets/comments/ldjbg1/analysis\_on\_why\_hedge\_funds\_didnt\_reposition\_last/](https://www.reddit.com/r/wallstreetbets/comments/ldjbg1/analysis_on_why_hedge_funds_didnt_reposition_last/) + +Fellow Apes, I have seen a lot of discussion on the possibility of hedge funds covering and whether or not they could have covered during the RH shutdown. I have done some analysis and would like to shares my results. This is not investment advice and should not be construed as such. + +I know you guys can't read, but I highly recommend learning how to read and reading this.🚀🚀🚀 + +**Part 1: What Happened on the 28th?** + +As we all know, last Thursday on the 28th RH and other brokerages disabled the purchase of GME shares at a critical moment that very well may have been the beginning of the squeeze. This is a significant day because it broke momentum, and many users seem to believe that the hedge funds planned this moment to strategically cover their short positions. + +[Here is a graph of the 28th with some of my analysis](https://imgur.com/a/XyG9sfV) + +[Here is a tweet from Ihor (S3) stating the short interest data as of the 28th](https://twitter.com/ihors3/status/1355194252674953219?s=20) + +Per S3, Short Interest was 62.9M as of the 27th and 57.8M as of the 28th. The net SI is (57.8M)-(62.9M)= -5.08M. This means the net short position reduced by 5.08M shares, however, many users claim that hedge funds may have used this opportunity to shift their short position higher so that they could minimize losses by covering on the way back down. + +Well lets say that's what happened, and lets assume it was carried out flawlessly. We will also assume this happened in a vacuum, i.e. retail did not contribute to any volume, so that we can get a liberal estimate. + +To establish a short position at a higher price, hedge funds would be borrowing to short sell shares for the first 30 minutes as the price quickly rose to $482.85. If the entire volume during this period of time was hedge fund short selling, than they would have opened 15.8M more short positions. \~10M in volume happened in the first 10 minutes, so at best they would have 10M more shares sold short between $275 and $350, and the remaining 5.8M positions would be opened between $350 and $480. + +This means that if shorts added to their position at this time, the best they could have done is add \~15.8M short positions at an average \~$300. This is assuming **no covering** was done during this period of time, which is highly unlikely considering the price **went up.** + +Now, during the freefall following RH trade restrictions, there was only 10.4M in volume. If hedge funds used this moment to cover old positions at a reduced price, they would have only been able to cover 10.4M positions, and 5.7M of those positions would have been covered at a cost greater than $300, only 4.7M could have been between $300 and $112. This is a minuscule amount of covering despite the ideal period of time, and it doesn't even account for that fact that **covering would drive the price up, not down.** + +Lastly, after the nosedive there was a bounce of \~9.2M in volume. If we were to assume hedge funds were again able to add more short positions here to transition into a better average, they would only be able to add 9.2M at an average of \~$250. Once again, however, adding positions would have drove the price down, not up. + +So even in the most ideal situation using RH's restrictions and ignoring market mechanics, shorts would have only been able to add 25M ideal short positions at an average of \~$280, while covering only 10.4M at exorbitant costs. + +This likely didn't happen, for several reasons. + +First, S3 reports that short interest decreased by 5M on the 28th. Now of course there is plenty of volume to cover after the first half of trading, however, they would be at non-ideal prices. + +Second, this theory is impossible because when shorts cover en mass, the price would increase not decrease, and when shorts sell en mass, the price would decrease not increase. + +Third, this is assuming that 0 volume was from retail investors trading between eachother, also highly unlikely given the hype at the time. + +Fourth, in order to sell something short you need to borrow a share, and we know that, at that time, GME was **hard to borrow.** + +What is more likely is the **inverse** of the above, which would mean shorts covered 15.8M shares at an average cost of $300, then short sold 10.4M shares at an average of $250, before further covering 9.2M at an average of $250. **Despite ideal circumstances, that is not an ideal result for hedge funds.** + +That means hedge funds **are not** kicking back and counting stacks after swapping their positions to $480 sell points, that would be impossible. + +**Part 2: What About Last Friday?** + +Now this was an important day, GME fought hard and closed at above $320. What makes this day confusing, however, are the claims that short interest drastically decreased. + +[Here is a chart of the 29th with my analysis](https://imgur.com/a/nU0JOXs) + +[Here is a tweet from S3 claiming short positions decreased by 30M shares by the end of Friday](https://twitter.com/ihors3/status/1356018482471718916?s=20) + +Now I won't get into detail about the other factors that call this claim into question, you can look into those on your own. What I want to go over is **how could it be remotely possible?** + +S3 claims 31M shares were covered on the 29th, however the share price had a net decreasing trend. There were only 2 notable upward rallys, and combined they only account for 24M shares. If hedge funds covered the whole 24M in volume it would still be 6M shares off and thats not even accounting for retail investors trading between themselves. Where did the other 6M shares go? I find it hard to believe they could cover 6M shares with no significant upward momentum while retail investors were buying shares in a frenzy on friday. + +[Also note that Short Volume was 17.6M on Friday](https://fintel.io/ss/us/gme) + +So on Friday there was 50M in volume. 17.6M of that volume was due to shares sold short, so SI would be (57.8 SI as of the 28th)+(17.6M shares sold short) = 75.4M. In order for short interest to have decreased to around 27M as [S3 said](https://twitter.com/S3Partners/status/1356317744300490752?s=20), it would have required the covering of (75.4M)-(27M) = 48.4M shares. **How do you cover 48.4M shares when there is only 50M volume and 17.6M of that volume was used to ADD SHORT POSITIONS?** + +**There simply was not enough volume to cover a net 31M shares. At most, 32.4M shares TOTAL could have been covered if EVERY single purchase of GME was by a hedge fund with a short position, which would make SI (75.4M)-(32.4M) = 43M. It is highly unlikely that not a single retail investor, insider or institution purchased GME shares on Friday, so the actual SI is likely much higher.** + +Furthermore I want to draw attention to **other times shares were covered** and their effect on the price, and you tell me if hedge funds could cover 31M NET shares last Friday. + +[S3 claims](https://twitter.com/ihors3/status/1355249817048522755?s=20) that from Jan 12th to Jan 14th, the SI went from \~69M to \~62M, a decrease of 7M shares. On the 12th GME was worth $20 and by the 14th we saw a high of $43, an >100% increase. + +They then claim that from the 14th to the 25th, there was a slight steady increase in SI as the share price crawled towards $50. From the 25th to the 27th there was literally **exponential growth** in the share price **despite no change in SI**. But then, all of a sudden, on the 28th there is a net decrease of 5M short positions and a significant reduction in price, and on the 29th there is a net decrease of 31M shares along with a steady decline in price. How could that be remotely accurate? + +There was 50M in volume on the 29th, how could the purchase of >31M shares by a single entity, not even accounting for retail, result in a net decrease in share price? + +**Part 3: How Could They Do It?** + +[Read this post, and the sources within it, in detail](https://www.reddit.com/r/wallstreetbets/comments/ld5rd9/evidence_pointing_to_shorts_did_not_cover/?ref=share&ref_source=link) + +Shorts can use deceptive options trades to trick you and other short interest analyzers into believing they have covered **when they have not** + +There were $43M worth of mid March 800c purchases, you do the math. + +Why was their a silver rush pulled out of thin air on monday? Why is the media still aggressively spreading FUD? Why are there bots everywhere in WSB? Shorts haven't covered, they can't cover and they wont. They also **did not** shift themselves into an advantageous short position last Thursday, there was only 19M in short volume total and minimal volume during ideal circumstances. They want you to think they covered, they also want you to think they have a better short position. + +They want you to think this is over because there may not be enough shares for them to cover even if they wanted to. If there were they would have repositioned on Thursday. Brokerages restricting buying for retail investors was likely due to the fact that shorts couldn't find the shares to cover, nor could they find enough shares to reposition. They really need your shares and want to funnel them away from retail. + +TLDR: Seriously, read this whole thing. I know you won't, but do it. Hedge funds did not transition to better short positions during the RH fiasco last Thursday, it would have been impossible to do so in meaningful amounts. They also did not cover 31M shares last Friday, it would have been impossible based on volume alone. They want you to think they did, they need you to, but they did not. + +Disclaimer: I am not a financial advisor, nor am I licensed or in any way qualified to dictate or advise your trading decisions. This is not financial advice. This analysis is not meant to influence, inspire, or inform you regarding your trades. This analysis was written purely as speculation and could be entirely incorrect. I found my own analysis interesting and wanted to share my unprofessional opinion. Furthermore, while these numbers are accurate as per their sources, they may not account for other factors that relate to the stock’s activity. I own shares of GME. + +Monke Storng Together🦍, Memestonk to the Moon🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I interviewed with several companies recently. I accepted an offer with one company, a bank, but then I later called them to let them know that I was not going to start with them. Instead I went to a different company. + +Friday May 13th marks 2 weeks after which I would have started. Today in the mail I received a check in the mail for the amount that appears to be one week's worth of work, after taxes. + +The lady from HR who I spoke to understood I would not be coming on to join the team, as did the hiring manager, so there's no miscommunication there. Do I need to call the payroll department directly? Or should I call the HR number? + +Alternatively, and I know this isn't really ethical, but I am curious about the legality here, what if I just deposit the check? Why not? They sent me the money. If they want to pay me for doing nothing more power to them. + +**Edit:** I will edit this post and/or post a follow up depending on rules regarding update posts so the community knows what ends up happening. +Title, basically. + +Would be awesome if there’s some mechanism where Joe Q. Public could request or petition the CFTC. A petition to end the halt on swaps reporting would bring light to a dark corner. + +I’m too smooth brained to know how this could be done. +Hey everyone, I don’t want to ruin the moment we’re all having in the market right now, but I keep seeing comments in this sub saying something like… in the next bear market most of these coins pumping right now won’t exist any more. + +Can someone explain this to me in more depth please. + +Does this mean that people currently invested in a coin will sell and the coin will ultimately drop super low in value? If that’s the case it will surely still exist though right? + +If you believe the hype in subs for each coin it seems there are many loyal investors willing to Hodl through a bear cycle, in which case despite a drop in price, the project would surely survive wouldn’t it? + +Or is the comment mainly in reference to meme coins only, where people are purely invested for returns and not the validity of the project itself, so a dip will trigger rats from a sinking ship. + +Or are there legit projects we would see disappearing? If so how would this happen and which are more in danger of that happening than others? Lower market caps? + +I’m still learning here, so I may well have missed something obvious. +As stated in the title, I've just received the email from Coinbase stating that if your account gets hackes or you're exposed to phishing attacks, then you're eligible for a £150,000 refund. + +Looks like a great initiative and as far as I know, there's no other exchange that offers this as a regular customer package. I've heard of insurances you can get but really never looked into it. + +This actually makes me consider buying some of their stocks too. + +https://preview.redd.it/zmnqgp7ejii71.png?width=415&format=png&auto=webp&s=73dd377d21eded5eb69f3f18690585c45fb0fb8f +Sitting at work and I've got not much to do for the next hour, I figured some people on here would find it interesting to compare this plan with the US ones, if not to pass time! Reading up about the IRAs and 401k plans seemed interesting to me, so I thought i'd reciprocate. + +Kiwisaver is a retirement fund that all registered employers must offer to staff. Once you as an employee join Kiwisaver, there is an 8 week period where you can cancel and pull any money you've put in to date. After this 2 month~ period, you're in it for life! although there are contribution holidays up to 5 years you can apply for, where you don't make any wage deductions. Because they're applied for however, you could be denied if you attempt to stop paying into it by regularly apply for holidays. + +The fund is broken down into three parts: + +Personal contributions! Exactly how it sounds, this money is money that you either have deducted from your wages, or money you put a lump sum into. It should be noted you can only choose 3%, 4% or 8% deductions, although a recent letter I wrote to our finance minister stated they are looking to change it to 3%, 4%, 6%, 8% or 10%. Because there are no tax exemptions (except MTC, more later) there's no difference between a higher deduction rate above employee match, or paying lump sums. if you paid an 8% deduction, $8 would be paid into it, but you'd still pay the full income tax rate, just there would be less take home pay. + +Employer contributions: Employers must legally match at least 3% deductions if you're paying into the scheme. This is also taxed, so at a 33% tax rate (the highest income tax rate in NZ) it would be in reality a 2.5% match after the progressive tax system (outside the scope of this post). + +The Government: Yep! one cool quality of this system is that the government will step in and pay us for paying into the plan. For every $1 we put into our plan, the government will give us 50 cents tax free, for the first $1,042.86 we annually put in ($521 given all up). This money is refferred to as Member Tax Credits (MTC). In reality, this isn't a lot to a higher paid worker, however for the younger people, it is seen as a good idea to pay lump sums in, to reach this goal, if your total income isn't going to reach this amount. Up until a few years ago the govt also did a $1k kick start for when you joined, noting it here because it's govt money as well. + +Access to your money: Kiwisaver has a withdrawal age of 65. There has been political discussion of raising it, and by the time that I (19) am 65, it would likely be over 70. There are ways to withdraw it early too, i'll cover the main ones: + +Bankruptcy/Financial Hardship: Lumping these two together. Essentially it can be entirely withdrawn (except MTC) to prevent going bankrupt, or in the case of bankruptcy, it will be used to pay creditors. It is not a bankruptcy proof asset, this is to avoid tactical bankruptcies as there's no limit on voluntary contributions, unlike the US limits. + +Serious medical illness: Can withdraw the lot. This is designed for people wanting to retire early for medical issues, as well as to pay for treatment if it is a financial problem. + +Moving Overseas: If you move out of the country, you can withdraw the lot except MTC. The exception being Australia, where you can transfer your scheme and merge with your Aus super, although you cannot withdraw this NZ portion until NZ's preservation age, currently 5 years higher than Australia. This is due to our special relationship with the men down under. Fun fact, we're in the Australian constitution as a state! (seriously though, something like 30% of NZ born people live in Australia) + +First Home: You can withdraw all of your Kiwisaver, including the $1000 and MTC. Designed for first home buyers to help with deposits. Because it is up to your provider(usually a bank, or another business specializing in investing it) to accept or deny applications for early access, you could previously buy a first home overseas with this option under some providers, but some would deny it. The law has since been changed to NZ only homes. Oh, they also give you up to $5000 extra too, $1k per year in the scheme. If you're building a new house, this amount doubles! +You must leave $1k in your account however. For most people they just consider this the $1k kick start given, if lucky enough to get. Cannot be used for investment property as you must live in it for 6 months or more after construction/purchase. + +I know this isn't relevant to 99% of this sub, but I figured some of you would be interested, if nothing else just to compare how good the IRA and 401k is. Personally, I'm in it, because it's free money, but as somebody moving to Australia it's quite restrictive to access, especially as somebody wanting to retire early. Speaking of that, I've read up on the Australian super too (Girlfriend's parents run one, actually!), if people are interested, I could write up that plan too! +Sitting at work and I've got not much to do for the next hour, I figured some people on here would find it interesting to compare this plan with the US ones, if not to pass time! Reading up about the IRAs and 401k plans seemed interesting to me, so I thought i'd reciprocate. + +Kiwisaver is a retirement fund that all registered employers must offer to staff. Once you as an employee join Kiwisaver, there is an 8 week period where you can cancel and pull any money you've put in to date. After this 2 month~ period, you're in it for life! although there are contribution holidays up to 5 years you can apply for, where you don't make any wage deductions. Because they're applied for however, you could be denied if you attempt to stop paying into it by regularly apply for holidays. + +The fund is broken down into three parts: + +Personal contributions! Exactly how it sounds, this money is money that you either have deducted from your wages, or money you put a lump sum into. It should be noted you can only choose 3%, 4% or 8% deductions, although a recent letter I wrote to our finance minister stated they are looking to change it to 3%, 4%, 6%, 8% or 10%. Because there are no tax exemptions (except MTC, more later) there's no difference between a higher deduction rate above employee match, or paying lump sums. if you paid an 8% deduction, $8 would be paid into it, but you'd still pay the full income tax rate, just there would be less take home pay. + +Employer contributions: Employers must legally match at least 3% deductions if you're paying into the scheme. This is also taxed, so at a 33% tax rate (the highest income tax rate in NZ) it would be in reality a 2.5% match after the progressive tax system (outside the scope of this post). + +The Government: Yep! one cool quality of this system is that the government will step in and pay us for paying into the plan. For every $1 we put into our plan, the government will give us 50 cents tax free, for the first $1,042.86 we annually put in ($521 given all up). This money is refferred to as Member Tax Credits (MTC). In reality, this isn't a lot to a higher paid worker, however for the younger people, it is seen as a good idea to pay lump sums in, to reach this goal, if your total income isn't going to reach this amount. Up until a few years ago the govt also did a $1k kick start for when you joined, noting it here because it's govt money as well. + +Access to your money: Kiwisaver has a withdrawal age of 65. There has been political discussion of raising it, and by the time that I (19) am 65, it would likely be over 70. There are ways to withdraw it early too, i'll cover the main ones: + +Bankruptcy/Financial Hardship: Lumping these two together. Essentially it can be entirely withdrawn (except MTC) to prevent going bankrupt, or in the case of bankruptcy, it will be used to pay creditors. It is not a bankruptcy proof asset, this is to avoid tactical bankruptcies as there's no limit on voluntary contributions, unlike the US limits. + +Serious medical illness: Can withdraw the lot. This is designed for people wanting to retire early for medical issues, as well as to pay for treatment if it is a financial problem. + +Moving Overseas: If you move out of the country, you can withdraw the lot except MTC. The exception being Australia, where you can transfer your scheme and merge with your Aus super, although you cannot withdraw this NZ portion until NZ's preservation age, currently 5 years higher than Australia. This is due to our special relationship with the men down under. Fun fact, we're in the Australian constitution as a state! (seriously though, something like 30% of NZ born people live in Australia) + +First Home: You can withdraw all of your Kiwisaver, including the $1000 and MTC. Designed for first home buyers to help with deposits. Because it is up to your provider(usually a bank, or another business specializing in investing it) to accept or deny applications for early access, you could previously buy a first home overseas with this option under some providers, but some would deny it. The law has since been changed to NZ only homes. Oh, they also give you up to $5000 extra too, $1k per year in the scheme. If you're building a new house, this amount doubles! +You must leave $1k in your account however. For most people they just consider this the $1k kick start given, if lucky enough to get. Cannot be used for investment property as you must live in it for 6 months or more after construction/purchase. + +I know this isn't relevant to 99% of this sub, but I figured some of you would be interested, if nothing else just to compare how good the IRA and 401k is. Personally, I'm in it, because it's free money, but as somebody moving to Australia it's quite restrictive to access, especially as somebody wanting to retire early. Speaking of that, I've read up on the Australian super too (Girlfriend's parents run one, actually!), if people are interested, I could write up that plan too! +&#x200B; + +hi bro\~ + +i'm korea ant + +&#x200B; + +The Korea Securities Depository says Germany's bafin re-directed the stock dividend into a stock split. + +&#x200B; + +Below is the answer from the Korea Securities Depository. + +&#x200B; + +Please understand that there may be an incorrect translation because it is an image translation. + +&#x200B; + +https://preview.redd.it/q3ercitg82h91.png?width=860&format=png&auto=webp&s=747d80fd7d21b1d9cfde76b3e65c3d14be5cf3b8 + +https://preview.redd.it/brufj57i82h91.png?width=915&format=png&auto=webp&s=d2b0208ef45fbec154d3c11dd20e9e467698308f + +\[ **on 29 july 2022, individual data providers changed the type of capital measure to a stock dividend. on 1 august 2022. however. this change was reversed.** as a consequence, it may be necessary for som custodian banks to revise the account statements concerned \] + +&#x200B; + +The Korea Securities Depository, which saw this sentence, claims that bafin processed it again as a stock split from stock dividends. + +&#x200B; + +wtf + +&#x200B; + +That's not it, you bastards + +&#x200B; + +They must have used a translator too. + +&#x200B; + +they don't understand it properly. + +&#x200B; + +Domestic securities companies also received the same response from the Korea Securities Depository. + +&#x200B; + +Korea Securities: The Korea Securities Depository says so. So the stock split is correct. + +&#x200B; + +Answer source + +[https://gall.dcinside.com/mini/board/view/?id=gmemeltdown&no=67343&page=1](https://gall.dcinside.com/mini/board/view/?id=gmemeltdown&no=67343&page=1) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [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! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [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) +Cramer says sell Peloton on the stock’s next bounce ‘if you haven’t sold it already’ + +[https://www.cnbc.com/2021/11/05/cramer-says-sell-peloton-on-the-stocks-next-bounce-if-you-havent-sold-it-already.html](https://www.cnbc.com/2021/11/05/cramer-says-sell-peloton-on-the-stocks-next-bounce-if-you-havent-sold-it-already.html) + +I bought in when PTON was down 30% so I'm currently down 15%. Any thoughts on whether I should hold, sell, or average down? +I started a bit before May. So I've seen a few big corrections usually followed by somewhat steady growth leading to another correction. + +This feels different. It feels like the corrections are the same but less growth before yet another correction/crash. + +I don't see a need to sell my crypto anytime soon so I'm just looking at this as a way to buy more of the projects I'm interested in. + +But what would you say officially signifies a bear market? How long does the trend need to be going downward to say hey this is the bear market people have been talking about? + +I'm thinking my strategy for an actual bear market is to hit Bitcoin and eth much harder and stuff keep holding and staking the alt coins I already have. Any thoughts on that? + +EDIT: My question is poorly worded as I think it should have been more along the lines of "is this how a bear market starts?" I've gotten some very good input though it's much appreciated! +The fed decides for a 75 bp rate hike. Biggest in decades after last fridays hot CPI print. + +Edit: Fed expects to hike 50bps each remaining meeting this year and end the year at 3.4% + +https://www.cnbc.com/2022/06/15/fed-hikes-its-benchmark-interest-rate-by-three-quarters-of-a-point-the-biggest-increase-since-1994.html +Unfortunately it was a lump sum. Luckily i invested in the SPY ETF broad index fund, but still it hurts a lot that my balance is now only 160k! What should i do? just wait and DCA? I mean it will probably take years to break even! This was like 90% of my net worth being crushed on a daily basis, i feel bad and depressed, i followed the advice of just keeping 6-12 months for emergencies and the rest for investing.... + +i need a hug!!!! +We are wanting to stay in our current area (Essendon) so buying a property to suit our needs means spending $1-$1.2m target. + +Current combined income is now sitting at $250k (salaries jobs). We are planning on starting house hunting once we hit $100k for deposit ($75k currently). + +Yet to speak with banks/brokers, but doing the online big 4 calculators supposedly we can comfortably afford the range we are looking in. + +Does anyone have real life experience with similar circumstance? This would be our first property also, so not sure if that has an effect on getting such a loan. + +Do banks change their consideration on deposit size depending on property value (ie is 10% enough) + +Thank you. +Hey guys + +A lot of good advice in the last thread but I feel like I need to start fresh and transparent with you guys + +Ok, here goes. + +My gf and I decided it be best to leave my job and focus on being a student. We budgeted and it seemed doable. + +After leaving, a series of events wiped my savings. Car is in hardship, owes 16k, worth maybe 10k + +It needs services and rego this month. We can’t afford it. We budgeted, but she’s very impulsive and hasn’t been sticking to it. + +I have a small card game business in the background that Isn’t paying yet because I’m waiting on quotes from manufacturers before I kickstart the project so I can use the profit to jump start the business proper. + +I’ve been looking for work but I’m 32 and fell for the whole “how good is $24 an hour unskilled labour” meme. I’ve wanted to make card and tabletop games since I was a kid and to be this close to my dream with a marketable idea that every person I expose to it loves makes me scared I’ll be forced into the loan treadmill for another 5 years with interest keeping me down while I part time my way through uni. + +Just leave and get another full time job right? What’s the problem, pay it off in a year, then follow your dreams? + +I’m already in classes. I can’t just pull out. But this situation has shown me that my gf is scarily immature and impulsive. Things not related to money have started bothering me about her and I worry that if we break up, I’ll be on the street and then I’ll definitely have no way of paying the car off. + +Is there a way to liquidate every item I own and try to break even? The banks willing to let me out of the loan if I get someone to buy it and it’s close enough to the loan value, whatever that means, so I’m guessing 15k and I just don��t have the time or money to keep it running or to get it to a point it needs to be at to sell for close to that. + +I’m scared. It’s feeling more and more like bankruptcy is going to happen. Borrowing money isn’t an option because the debt doesn’t go away and I literally can’t afford to pay it back, doubly so if I’m forced to use my student allowance for housing if I leave my gf, which I still can’t even get because it’s impossible to call Centrelink, and the last of my savings I’m using for text books, fuel and maybe 3 months rego. + +The worst part is that I know each financial mistake I made, and wish I could just go back and undo them. At this point I don’t even care about my credit rating because I don’t plan to ever use it again. I don’t plan to become rich with my business, all I want is to earn a comfortable living that gives me enough to get by living simply so I can live my passion, but these terrible choices I made in my early twenties keep kicking me down. + +I thought I could make this work. I really could. And to be so stupidly desperate over a couple grand, it’s just... I don’t know. I know it’s not meant to be fair, but having learnt from your mistake and then have every effort to escape them fail... all because I lacked the motivation to educate myself on money. + +I’m sorry for the text avalanche sob story guys. My problems are my own. I guess I just needed to get my feelings down because I feel like every possible pathway is closed to me and that there’s no way out. Called the debt helpline and they just shrugged and said that the” loans gotta be paid, maybe give hardship a go?” + +It’s melodramatic, but I understand why debt can push a person to shit like suicide. It’s a way out of the treadmill at least. “It’s only $17k you drama queen”. Maybe so, but I have $350 to my name and then I’m dry. And the bills keep coming. Powers due tomorrow and it’s 330, Telstra due next week that’s 130. Car needs brake pads, rego check and rego in a few days, a few hundred to a few thousand. + +I can’t even afford fucking food, that comes from the gf, I feel like a drain and pathetic because I can’t fucking escape this nightmare. + +TL;DR: help. Full time student with no current income possibly facing homelessness and trying to payback a car I can’t afford the repayments, running costs or even fuel on. It’s a tiny amount but is less than 20k worth bankrupting myself over given my situation. +I'm 26, earning $125k. Some clever voices around me have advised me against contributing more than 9.5% into super despite the tax savings. + +Their reasoning is that by the time I turn 60 (2054) the goal posts for retirement and withdrawing super will likely have changed, average life expectancy will have increased, and retirement age will likely be 70, if not more. + +If I were to retire at 70 (2064) they believe the world will be too different, and perhaps the concept of super will not exist (at least as we know it). 2060s are when the world will be in the grip of the worst natural disasters known to mankind, overpopulation will have taken it's toll on the world and life will be bleak. They think it's likely governments and policies will have changed enough that super will not exist as we know it, and there will be restrictions in our ability to dip into it if Australia as a country is in the depths of a recession. + +I will admit that I'm not too sure how good this advise is, but I also see that things will not be as they are 54 years from now. If you look at the last 100 yrs of history, governments and entire countries have changed monumentally over time. Compulsory super has only existed since 1992 i.e. 29 years. In that time the goal posts for withdrawing your super have changed without notice. Will super survive as we know it for another 54 years? + +EDIT: This forum is great, thanks everyone for your advice from both ends of the spectrum. Keep it going though because I'm still undecided and haven't been able to make up mind mind to the vest approach +I have been using the same Bitcoin chart for the last 15 months, on it I have coded in the 10, 50, 100, 200, 300, 400, 500, 600, 700, 800, 900, and 1000 day Simple Moving Averages (SMAs); calculated by adding recent price and then dividing by time periods. I also added the Bull Market Support Band (20 week SMA, 21 week EMA (exponential moving average; placing greater weight on more recent data points)). + +[Bitcoin Simple Moving Average Lines](https://preview.redd.it/xcjhudzh6hv81.png?width=1802&format=png&auto=webp&s=fb4be69bab7182deb4526f1e396f9089a4696121) + +I'm no technical analyst, but it looks like the price in USD has been bouncing on and off that tan 600 day SMA many times this year. Every time it goes back down to this average we get the FUD *"Bitcoin has crashed, fell, & tanked"* articles. This may be oversimplified, but prices seem to both shake and grasps these average lines. Recent FUD has been calling for 800/900 day SMA levels. For some hopium; notice how those longer averages just slowly and constantly trend upwards. + +This is not financial advice. This is just a chart. +One year ago, I had $72 to last me two weeks while out of town for a work conference. That week marked the one year anniversary of my divorce while also a single mom. I felt like an absolute failure and was terrified that something would happen to my boys and I’d have to beg my ex for help. Through the last year, I’ve been able to develop much healthier spending and budgeting habits. + +This sub gave me so much hope and helped me realize that while I made poor spending choices, there is a path out. I’m still definitely in poverty, but now I don’t have to worry so much about feeding and clothing my children. While my emergency fund isn’t brag-worthy, it is in the black and it makes me very proud. + +Just for further information that might be helpful- I am an educator with a Master’s degree. My ex makes at least double my salary and I receive no child support. + +The year has been hard. I’ve cried more times than I can count. But I’m back on track and hope that this might help others in my situation. + +EDIT +I wasn’t expecting so much attention to the non-child support, so here’s my best explanation- +I am two years post divorce. At the time, I just wanted out. Instead of paying child support, he helped with the mortgage for a year until I sold the house I couldn’t afford. I haven’t requested further assistance from him mostly because I am trying to keep things amicable for the kids. + +I had a lot of time to reflect on this and have decided it’s time to meet with an attorney to help sort this out. Thank you for all the positive thoughts! +Yep. 700% is the highest one, she took out 11 others with 142% at the lowest. Don't know what she was thinking, my family just found out a couple months later. We're still processing that this happened and is actually legal, I don't know how to help though besides telling her "pay it back immediately." Any input? Thanks. + +**Edit:** she took from payday loans, is in Utah, and is sitting at about $15k in debt at $1500/mo. Credit score is around 500. Bonus: she has chronic migraines and is unable to work full-time. + +**Edit2:** I greatly appreciate your responses, I'll try to get to them all by tomorrow. Obviously this is an absurd, scary situation for her -- I'm looking for full-time work myself to help, just can't seem to land a lead anywhere -- some very valuable insight from you folks here, will apply it best I can. +Hello everyone, I'm looking for a long term investment to invest a percentage of my salarie. A lot of people recommend index funds but I'm also seeing a lot of people comment that the market is very inflated and that the market is going to go down. What do you think? Is VOO a good investment if I'm planning to keep my money in there for at least 10-20 years? Also, do you recommend putting half my money on Nasdaq 100 instead of everything on S&P 500? +Tesla has bucked the wider trend of declining sales brought on by the global chip shortage in the third quarter this year, as it sold 241,300 cars — a total of 102,000 more vehicles than the same quarter last year. It’s the most Tesla has ever sold in a quarter (and for some added perspective, the company [sold 367,500 in all of 2019](https://www.theverge.com/2020/1/3/21047233/tesla-2019-deliveries-q4-record-model-3-sales)). + +The company managed to deliver more vehicles once again despite the fact that major automakers saw huge drops this past quarter. General Motors, the largest automaker in the US, said [Friday morning](https://www.freep.com/story/money/cars/general-motors/2021/10/01/gm-sales-chip-shortage-suv/5934699001/) that it only sold 446,997 vehicles in the third quarter — a 33 percent drop from the same period last year. + +Tesla has avoided similar problems in part because it has been [sourcing different semiconductors and rewriting software on the fly](https://www.theverge.com/2021/7/2/22560608/tesla-q2-2021-deliveries-elon-musk) to make those chips work in place of the ones not currently available. Beyond that, the company continues to see strong sales in China, where it started making and selling vehicles in early 2020. The Model Y SUV has also become a popular option in the United States, and Tesla [just started selling them in Europe, too](https://electrek.co/2021/08/23/tesla-tsla-starts-model-y-deliveries-europe/). + +Edit: If Tesla increases production by another 73% by Q3 2022 they will be producing 416,000 vehicles a quarter. If GM sells only 6.5% less vehicles Q3 of next year than Tesla and GM will have the same production numbers. Something to keep in mind. + +[https://www.theverge.com/2021/10/2/22704830/tesla-sold-241300-cars-third-quarter](https://www.theverge.com/2021/10/2/22704830/tesla-sold-241300-cars-third-quarter) +I work for a huge Canadian broker **Questrade** and been getting many questions regarding the shareholder meetings and clients wanting to recall their shares. + +**Please upvote this so more Canadian Apes can see.** + +Questrade guideline + +So regarding your eligibility to vote, you would need to contact the investor relations of GME directly to confirm if you are eligible (for most corp actions eligibility can be determined by % owned of the company). **At this time brokers cannot confirm for the client if they are eligible to vote.** Regarding if the SHR is done via mail, that would also be something the company would communicate with the client, if you have been indicated that you would need to do this as a proxy vote and need assistance with the broker providing you a proxy control number then you maybe contact your broker and they can do this for you. As for the shares being lent, Questrade only lends shares if the client holds them on margin (meaning you have a borrowed balance in a non-registered account), **shares CANNOT be lent out in registered account such as TFSA, RRSP**, or if the client is not borrowing funds from the broker. + +**YOU DO NOT HAVE TO RECALL YOUR SHARES IF YOU OWN GME IN REGISTERED ACCOUNTS OR DID NOT BORROW FUNDS TO BUY GME!!!** + +**TLDR** + +1. **Shareholder vote registry is sent through the mail by GameStop shareholder relation, and they will provide further information on how to registered. You may contact the broker to get a proxy control number if you informed to do so by GameStop.** +2. **Your shares CANNOT be recalled within registered accounts, since they cannot be lent out.** +3. **For Questrade users, please check your account to see if you borrowed funds to purchase GME or not. Borrowed funds are shown in red digits under your US cash balance. If it's red, please convert your CAD to USD to cover the borrowed funds, then YOU WILL HAVE FULL OWNERSHIP OF THE SHARE AND THEY CANNOT BE LEND OUT!** + +**Edit 1: Thanks for the awards apes, I love this community, I love this movement.** + + **🦍🍌🍌🍌🍌** +My husbands job recently laid off two employees but then lost two more who left. They are being overworked and working really long hours. They cancelled bonuses. + +My husbands supervisor hinted asking if he was leaving and in a round about way asked how he can get him to stay. + +What’s a good discussion point on getting an increase in salary and vacation time? My husband left his employer paid insurance plan, so that is 4K they gained, plus the money he didn’t get for his bonus, plus the money they are saving from less employees. + +For perspective, they work in an industry where they’ve already been paid for the work they are doing. They did layoffs just in case Covid affects future jobs. + +Edited to add: they would be in a very hard position if he left, and they may be unable to complete jobs because of it. + +Edited to add, the company that the two people left from would be willing to take my husband. + +Edited to add: thanks everyone for the advice. There was such a good combo of options. we are still deciding the best course of action. +**Natural Shrimp, Inc. (SHMP)** is disrupting the billion-dollar seafood industry with its patented electrocoagulation technology that allows them to grow fresh shrimp in any major city, disease, and virus free without any antibiotics. After almost two decades of R&D, SHMP is moving into the production (revenue-generating) and commercialization phase of their operation and will be “very profitable” in 2021 (see numbers below in the “Fun Facts” section). + +**TLDR:** **Natural Shrimp** has applied to be **uplisted to the Nasdaq** and this is likely the last time you’ll see the stock price this low based on their recent announcements at the H.C. Wainwright Annual Global Investment Conference (recording here - [https://wsw.com/webcast/hcw7/shmp/1618264](https://wsw.com/webcast/hcw7/shmp/1618264)). + +&#x200B; + +**Disclaimer:** Currently hold and have been long on **SHMP** for 3+ years (in at 2 cents, currently trading at 12 cents). This is the only OTC stock I own in my portfolio. + +This DD is based on my own research over the 3+ years I’ve been following the company, as well as the research of others. Many insights I’m sharing were sourced directly from research in *The Emergent REAL Green Aqua Technology: A TRAGIC NECESSITY* *-* [*The Eddie Yolk Zone*](https://www.facebook.com/healthyselfnow777/?eid=ARDe4SZgioRfdUtiDYgm97z7xTBbmgFxaWlmIANPwayQxizgZbWThxmrJjBTCGHtgi4Z2HWAap3jVW71) + +*-------------* + +NaturalShrimp, Inc. **(OTCQB: SHMP)** is a publicly-traded agro-tech company headquartered in Dallas that has developed the first commercially viable system for growing shrimp and other seafood indoors with their patented proprietary technology. NS produces fresh (never frozen), gourmet/sushi-grade shrimp without the use of antibiotics, probiotics, or toxic chemicals. + +**Company and Technology Summary:** + +NaturalShrimp set out with one explicit goal in mind; to raise shrimp WITHOUT the use of ANY chemicals, antibiotics in a clean, sanitary, completely organic aqua-farming environment comprised of indoor recirculating sea-water tanks where their location is dependent upon consumer locale rather than any dependency upon coastal regions or even the ocean itself. + +Through the use of their patented “electro-coagulation” (EC) technology, an electrical current is generated in the water and the susceptibility of bacteria and viruses to this electro-disinfectant mechanism results in approximately 99% of all pathogens to be eliminated; therefore, this physical nature and effect of electricity provide the means by which a clean, completely organic environment is maintained. Electrocoagulation is not a new concept, however, to address both essential and critical factors responsible for the demise of most aqua-farming crops; bacterial, viral infection and or the increase in ammonia levels as a result of the waste build-up from shrimp crops; the latter is the arch-nemesis and far more difficult to manage. + +However, the use of EC also confers the other essential benefit by liberating the chlorine molecules in the NACL or salt compound of the seawater that in turn combines with the nitrate compounds building up as a result of increasing shrimp waste levels; the newly formed solid aggregates (Chloramine, NH2CL) are formed that can be readily filtered from the seawater and therefore effectively controlling ammonia levels in the tank environment. + +**Where does our shrimp come from today?** + +Are there certain products you wouldn’t consider buying if they were from China, Vietnam, Indonesia, Thailand, or India? I know I wouldn’t buy my kid’s baby food or my medications from there and I’d certainly never buy seafood from these places. + +**So, why are we?!** + +An analysis was conducted covering a decade of records from the FDA related to imports, inspections and rejection data from 2006 to 2015. The analysis revealed only 6 % of the total seafood market is domestic whereas 94% comes from imports outside the US and only 2% of these imports are inspected and from this minuscule sampling; only 1 in 9 imports are rejected. + +📷 + +However, from these rare inspections, since 2001, the FDA has detected the use of banned veterinary antibiotic residues on the shrimp crops sampled with unacceptable levels of chloramphenicol and nitrofuran antibiotics imported from China, Vietnam, Indonesia, Thailand and India. These antibiotics remain banned and illegal due to the carcinogenic nature of nitrofurans and chloramphenicol use associated with the onset of aplastic anemia. Yet these same banned drug residues still find their way onto American dinner tables merely by overwhelming an already sporadic and ineffective inspection system mediated by the FDA. The danger of tainted shrimp crops is twofold; the bacteria organisms that survive the chronic overuse of antibiotics develop immunity to more and more of the antibiotics used and are elevated to the status of “Superbugs” and the drugs themselves, particularly pesticides can cause neurological, respiratory, organ system damage with prolonged exposure. In the article “[Shrimp containing antibiotic-resistant bacteria found in Canadian grocery stores](https://www.cbc.ca/news/canada/shrimp-antibiotics-resistance-amr-marketplace-1.5055101?fbclid=IwAR1KxQ4CUv8dFPaHFFM8OqY9fkR3NwcXT6FfhFrbwL7mG89VXAHa4yKbjjE)”; the “Marketplace” periodical cited “17 percent” of the sampled shrimp (9 of 51 shrimp sampled) and tested by the University of Saskatchewan revealed strains of E.coli and Staph Aureus that showed resistance to at least one antibiotic and all but one of the shrimp were resistant to multiple drugs “meaning they have the potential to cause hard-to-treat infections – so called superbugs that antibiotics may not be able to kill”. + +**Why Aquafarming?** + +The shift from wild-caught to farm-raised seafood where the production of the Aquafarming industry has grown dramatically from 50 million tons (in 1970) annually to over 150 million tons speaks to the necessity to provide environmental relief to land-based farming and the over-fishing of wild-caught species where nearly 90% of the world’s marine fish stocks are categorized as either fully fished to overexploited. + +While seafood comprises 17% of the animal protein consumed in the world, it is estimated 200 million jobs are either directly or indirectly connected to the fisheries sector making fish one of the most traded food commodities worldwide and therefore generates more income than most other food commodities combined. + +For some of the biggest seafood species and markets like North Atlantic salmon; over half of the salmon consumed annually comes from the Aqua-farming industry. The largest seafood industry continues to be shrimp, however, where worldwide, the consumption of shrimp amounts to nearly 5 billion pounds per year. The estimates for this year’s shrimp consumption are set for 1 billion pounds for the US alone. We will never be able to meet the world or even national seafood demand. + +**Why is NaturalShrimp different?** + +The NS solution chose to simulate the ideal natural environment of shrimp in their natural habitats where water quality is high and where bacterial and viral infections are not a critical deterrent to healthy cultivation because the entire cascade of out of control oxidation, waste build-up and poor water quality that leads to bacterial and viral infections is eliminated altogether and the focus then becomes how to MAINTAIN the optimal environment rather than a risk mitigation approach. + +This is an altogether DIFFERENT patented solution that did warrant the 18 years of research in order to arrive at a more quantitative, specific and effective technological breakthrough and solution that can in effect maintain optimum conditions within recirculating tank environments albeit a completely clean, organic and healthy methodology for the shrimp organisms and ultimately for us; the consumers. + +**Conclusion** + +To understand the essential differences between all of the most innovative models is to appreciate how actually groundbreaking this NS technology is and why such a patented solution that is currently being tested across MANY seafood species (barramundi, salmon, clams, crab, lobster) is poised to become a historical marker and industry disruptor for the seafood industry. + +Can you imagine sitting in the middle of the country, hours away from an airport with the ability to eat freshly harvested king crab legs?! That’s the future in which SHMP is leading the charge. If you believe in socially and environmentally responsible companies (BYND, TSLA, etc) that will disrupt the future with their technology and products, SHMP is a company you be watching. It is simply where the world is heading and the world millennials and future generations want to live in. Always fresh, never frozen, always natural - no antibiotics or chemicals introduced. + +Similar to Tesla, there are many applications outside of their core focus in seafood, such as use in both residential and commercial aquariums and pools (multi-billion dollar industries). This is a billion-dollar licensing of their technology opportunity and I can assure you the SHMP team has this on their radar. + +Now, after nearly 20 years of R&D, they’re on their final step to commercial production and massive revenue streams. They’ve stayed pretty quiet and have been flying under the radar until more recently from a publicity standpoint as they prepare to launch into their production phase and uplist to the Nasdaq. I’d encourage you to check out their recent filings and press releases in comparison to previous years (see link below). It is very obvious they’ve hired the appropriate resources to start marketing, selling, and propelling SHMP to the next level. + +Once more institutional investors gain access (most can’t hold OTC assets) and SHMP gains more exposure, the stock should rise steadily. That run should continue and start spiking as that revenue switch gets flipped on in 2021. Barring massive market instability, SHMP shareholders would see massive gains and I truly believe the next few weeks and by the end of November will be the last time you will see prices under .25. By 2022, this could easily be $5-10+ if not considerably more. + +This isn’t that far off from what Beyond Meat did to get started and is doing. Look at their massive market cap of almost $10B with a net revenue of only $297M in 2019 and $87M in 2018. SHMP could easily see that level of net revenue over the next few years, as their Iowa facility alone is forecasting $8-10M in net revenue. + +With their Texas facility up and running already, the major expansion plans (see diagram below), and massive opportunities to license their technology (it has been indicated there are several opportunities to do so), they’ll easily hit the $100M mark and see similar trends from a market cap standpoint to BYND. Thus, rewarding shareholders with an innovative, socially responsible technology and massive gains for early shareholders. + +**Fun Facts:** + +* (9/16/20) CFO presented at the HC Wainwright Investor Conference + * **Announced SHMP will be “very profitable” next year as they move into the production phase of their rollout.** + * 60-65% margins (this is HUGE) + * The cost to grow out shrimp are $6/pound + * The Webster City, Iowa location alone will be producing 15-20k pounds of shrimp per week (270k sq. ft., 240 - 10k gallon tanks, all equipment is new) + * Full production by late October/early November 2020 + * **Distributing the shrimp fresh, never frozen and always natural** + * 90% of the shrimp market is frozen + * As soon as wild shrimp are caught they are dipped in sodium triphosphate and then flash frozen. Sodium triphosphate is a preservative for seafood, meats, poultry, and animal feeds. In foods, STPP is used as an emulsifier and to retain moisture. Many governments regulate the quantities allowed in foods, as it can substantially increase the sale weight of seafood in particular. (per [Wikipedia](https://en.wikipedia.org/wiki/Sodium_triphosphate)) + * **With EC tech, SHMP can raise 4x the density of shrimp compared to biofloc systems in that same cubic yard (much more economical which allows them to be profitable)** + * Biofloc isn’t scalable (profitable) but does work, however, it is more suited for selling shrimp at a farmers market + * Current commercial biofloc systems are not profitable and will not be profitable without the use of the NS EC technology (many are already calling SHMP) + * **Anticipating 2-3 species to be raised in 2021, scaling to more species from there** + * Many discussions and requests to expand the use of this technology into China for crayfish + * Very successful in their phase 1 trial to cure amoebic gill disease in salmon. Responded within 3 minutes of being exposed to the technology + * **Shrimp larvae are bought from 1 of the 2 growers in the nation but there is work being done internally to build and produce their own shrimp larvae** + * In 2019, after being assured they were healthy, SHMP unknowingly bought and started growing larvae that were infected with the viral shrimp disease Infectious Hypodermal and Haematopoietic Necrosis Virus (IHHNV) which resulted in the Texas Parks and Wildlife Department quarantining the facility + * **Announced joint venture in California and Florida that are “both well on their way” - more to come (this could be the licensing of technology play many shareholders are hopeful for)** +* SHMP has an amazingly transparent and open team that readily accepts and acts on feedback, answers questions, and proactively updates shareholders on a regular basis (check out their Facebook group - [https://www.facebook.com/groups/1158050257692447/about](https://www.facebook.com/groups/1158050257692447/about)) +* Their business model allows them to grow fresh shrimp in warehouses in major cities, allowing for a farm to table strategy to provide the freshest, healthiest shrimp possible to restaurants and grocery stores + * **No deveining required** **- Their technology, process, and regional site business model allow them to stop feeding the shrimp 3 or so days before harvesting so that all waste is expelled from the shrimp at the time of harvest and therefore not requiring you to devein the shrimp** +* $SHMP applied to be uplisted to the Nasdaq on 8/19/20 (this process usually takes 4-6 weeks so their assumed approval should be announced very soon). - [https://finance.yahoo.com/news/naturalshrimp-submits-application-nasdaq-capital-113000886.html](https://finance.yahoo.com/news/naturalshrimp-submits-application-nasdaq-capital-113000886.html) + * **When this approval happens, they’ll have access to institutional investors with large wallets and the stock price should jump accordingly.** +* 3 institutional investors took positions in June (combined these institutions are managing 10’s of billions of dollars in assets) - [https://www.nasdaq.com/market-activity/stocks/shmp/institutional-holdings](https://www.nasdaq.com/market-activity/stocks/shmp/institutional-holdings) + * **CAPTRUST (has $364B in assets they manage) -** [**https://www.captrust.com/**](https://www.captrust.com/) + * **Cullinan Associates -** [**http://www.cullinan.com/**](http://www.cullinan.com/) + * **Formidable Asset Management -** [**https://www.formidableam.com/**](https://www.formidableam.com/) +* SHMP Head Chef, Douwe Iedema, showcasing the massive shrimp at the Texas Restaurant Association Tradeshow in 2019 + * **Skip to 4:24 to see the shrimp in the tank and waiting to be prepared** \- [https://www.youtube.com/watch?v=Q4BqFbN69KM&feature=youtu.be&fbclid=IwAR3kWDtGtCC-jzM1Ff0h8hgzKLCcBNk2miW3zmTCe\_76nMjNZQXD4\_5RSeY](https://www.youtube.com/watch?v=Q4BqFbN69KM&feature=youtu.be&fbclid=IwAR3kWDtGtCC-jzM1Ff0h8hgzKLCcBNk2miW3zmTCe_76nMjNZQXD4_5RSeY) + * [https://www.youtube.com/watch?v=-YJUhgD8YlA](https://www.youtube.com/watch?v=-YJUhgD8YlA) +* Expansion plans - [https://www.sec.gov/Archives/edgar/data/1465470/000165495420010146/shmp\_ex991.htm](https://www.sec.gov/Archives/edgar/data/1465470/000165495420010146/shmp_ex991.htm) + +**Links:** + +* Company History/Timeline - [https://naturalshrimp.com/about-our-company/](https://naturalshrimp.com/about-our-company/) +* FAQ - [https://naturalshrimp.com/faqs/](https://naturalshrimp.com/faqs/) +* September 2020, Commercialization Podcast with President and Founder, Gerald Easterling (10min) - [https://stockdaymedia.com/naturalshrimp-inc-discusses-upcoming-commercialization-strategy-with-the-stock-day-podcast-shmp-september-10-2020/](https://stockdaymedia.com/naturalshrimp-inc-discusses-upcoming-commercialization-strategy-with-the-stock-day-podcast-shmp-september-10-2020/) +* September 2020, Investor Presentation - [https://www.sec.gov/Archives/edgar/data/1465470/000165495420010146/shmp\_ex991.htm](https://www.sec.gov/Archives/edgar/data/1465470/000165495420010146/shmp_ex991.htm) +* September 2020 - H.C. Wainwright Investor Conference Recording with SHMP CFO, Bill Delgado - [https://wsw.com/webcast/hcw7/shmp/1618264](https://wsw.com/webcast/hcw7/shmp/1618264) +* The Emergent REAL Green Aqua Technology: A TRAGIC NECESSITY - The Eddie Yolk Zone - [https://www.facebook.com/healthyselfnow777/?eid=ARDe4SZgioRfdUtiDYgm97z7xTBbmgFxaWlmIANPwayQxizgZbWThxmrJjBTCGHtgi4Z2HWAap3jVW71](https://www.facebook.com/healthyselfnow777/?eid=ARDe4SZgioRfdUtiDYgm97z7xTBbmgFxaWlmIANPwayQxizgZbWThxmrJjBTCGHtgi4Z2HWAap3jVW71) + +&#x200B; + +**Legal disclaimer:** this is not investment advice and I’m not an investment advisor. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [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! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [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) +Fewer-than-expected listeners tune in to Pandora in third quarter. With serious competition from Spotify, Apple, Sirius, and Amazon wouldn't they be an obvious takeover candidate? +I bought a 2019 Kona from a family-owned Toyota dealer about a year ago. + +I just got a text from their head of sales that they want to buy my car back because they “really need a vehicle like yours for our pre-owned inventory lot” and they’re willing to pay “top dollar” for it. + +Is this a normal thing? Do people usually go for these offers? + +I have about 4 years left of payments. +I invest only in crypto and also invest most of my money in crypto. Two big mistakes for most people here. I am aware about that. I could invest in stocks, silver or some other safer things. But it would be waste of money in my opinion. Those things are less profitable than crypto, so I would waste my time. For the same reason I invest almost all of my money in crypto, not just some. But I can afford that, I am student, I live with parents, I have no girlfriend/wife and no kids. I don't need most of my money. I earned or saved them myself, so I can do whatever I want with those money without regrets. And I live in europe, so whatever shit happen I still will not need my money, healthcare is "free". + +I do not buy shitcoins or believe in 1000x profits in few weeks. I risk, but I am not an idiot or gambler. I believe crypto is the future, and it will grow. I diversify between different coins. This is all well calculated. If crypto will grow a lot, in which I believe, I will be the winner. I think most people here are afraid too much. I believe in crypto technology. It will change the world and I want to be part of that. If it will go to zero I will be not sad cause I lost some fiat, but because so beautiful idea failed. Fail of crypto would harm my pride and humanity more than my pocket. + +I want to be rich from crypto in few years. I don't want to keep investing safe and wait 30/40 years, because it is waste of life. If I will lose all invested money then fine, I am prepared for it. I will be like all those other people that never tried. Better try and lose than whole life ask "what if?". Crypto is life time opportunity, last one was internet, but it was before I was even born. No no know what or when will be next one. + +People have small dreams or none at all. Average life, working 9-5 is not for me. I don't want family and boring job. Formal education do not give big opportunities. I still study at university, so I have doors open. I can have good well paid job, but it still will be 9-5, working for someone else success. No thanks, I want have my own company, change word for better, not support rat race. Most people don't want to persue their dreams. All people had dreams as kids, most grow up and settled for reality, but some people still dream. I prefer to dream, invest in crypto and risk. + +I have a lot of hobbies, I love reading and dreaming. I don't want to be part of the crowd. I want to do great things. Maybe it is naive, maybe not. Crypto is my only way for that, I am poor, I see whole my life like people waste their lives. I will change my life thanks to crypto or even without it. I live in europe, so even if I would end homeless I would have free healthcare, free food, free clothes and place in shelter. Even if I would have no money I would be fine. And in worst case I could travel around european union. All of it is better than lack of dreams. I believe thanks to crypto I will be rich, even if not, I will not stop trying. Many successful people failed or went bankrupt a lot of times before they achieved their dreams. What they had in common was that they never gave up. + +Of course it is not any advice, it is risky and probably not for most of people. It is just one of many different ways to look on investing in crypto. +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. +2017 vet here. Zoomed out. Forgot how to find the sell button a long time ago. Just buy what you can afford, and then fucking forget about it. Close that tab you have sitting open at work all day, sitting there staring at the lines move, and go get a fucking life. Seriously. Throw some money at it every now and then, then come back like I did... a mere fucking 3 years later... and laugh. You will win if you stop fucking worrying about it. + +Tldr: laughed and cried through 2017, and got dulled to the swings. Now I just buy occasionally and laugh as my portfolio consistently outperforms literally every other asset class. + +**COIN - Percent from ATH (Sorted by Market Cap)** + +1. **BTC** \- 32% +2. **ETH** \- 19% +3. **BNB** \- 22% +4. **SOL** \- 30% +5. **ADA** \- 59% +6. **XRP** \- 75% +7. **DOT** \- 54% +8. **MATIC** \- 16% +9. **LINK** \- 62% +10. **ALGO** \- 61% +11. **XLM** \- 69% +12. **ATOM** \- 51% +13. **VET** \- 70% +14. **SAND** \- 37% +15. **ICP** \- 97% (RIP to those who bought at the top) +16. **FTM** \- 57% +17. **XTZ** \- 53% +18. **CAKE** \- 71% +19. **LRC** \- 44% +19. **ONE** \- 45% + +Of course this is not financial advice and some coins may never reach their ATH again. Low cap coins usually suffer the most in a bear market. +Everyone that was seriously trying to make a quick buck off GameStop and have now realized the problem with it are going to realize robinhood can do this whenever they like. This is the perfect ad for Bitcoin as a solution, as soon as this whole debacle is over I expect a big stampede to Bitcoin. Buckle up +If you read my previous posts, you’ll know I’ve spent my entire life in extreme poverty, disenfranchisement, and sometimes violence. + +The past few years, have been looking up with a few major blessings coming into the picture. The biggest one being that our house has sky rocketed in value. + +Neither me or my mother are financially literate. We still make under 30k combined yearly. The upside being, we have under 10k in debt. Mostly hospital bills and unpaid utilities. + +What is the best course of action, given our current circumstances? Given the area and square footage it’ll most likely cap out at its current price for some years. + +I’m inclined to sell, and purchase another property for the family in an area that will mimic what this one did. In Detroit there are a few solid options for under 75k that will be good investments. + +Any ideas on what path I should take? I’m 24 and not a real estate prodigy or investing genius haha. But I would like to continue my families journey out of the struggle. + +What I don’t want is to fuck our bag up 🙏🏾 any advice is greatly appreciated +My mom is 65 and in massive credit card debt. Her credit score is completely shot. She lost her house and has been living with my for the past two years. Her only source of income is social security which she took early. I help her out when I can but I only make around $44,000/year which is barely getting us by. When she first moved in with me she lived in the dining room f my one bedroom apartment. When the rent increased to where I could no longer afford it, we moved to another one bedroom slightly smaller which was cheaper. The lease is up for renew in June, however I’m getting ready to move in with my boyfriend into his one bedroom apartment, which means my mom needs to find a place to live. Due to her horrible credit and her lack of decent income she will not qualify for an apartment, even low income places will do a credit check. Also all the low income housing options we have looked at within an hours drive of me have huge waiting lists. I don’t know what to do to help her. I can’t afford to renew my lease and also contribute to rent and utilities at my boyfriends place. But I can’t let my mom be homeless either. She keeps saying she’ll just live in her car which of course is out of the question. +I have to admit, seeing people joke around and take the crash lightheartedly is something I haven't seen for months. + +People get so serious in here and hostile. Now it looks like we're all anticipating a further crash, but cracking jokes along the way. + +I think I'm starting to like it here again :) +By default Windows 10 saves the last 25 items you copied. These items might include wallet adresses you don't want anybody to know, like your metamask wallet address for example. + +So do yourself a favor and delete these items from your clipboard history after every time you copied and pasted a wallet address. To do this press Windows+V and it shows you all the entries where you can manually delete items. + +If you don't want Windows to save your clipboard history, turn it off completely in the settings. Just go to Windows settings -> System - Clipboard and turn it off there. + +A lot of people don't know of this vulnerability and it seems to be easy to read out for hackers. +I have heard of rich people using negative gearing, which gives them some tax benefit. But what I don't understand is that they are still making a loss. + +Surely it makes more sense that if they have the money, just pay for the house outight instead of paying interest on a mortgage? +I'm (20m) hoping to begin studying a Bachelor of Veterinary Science next year. Whilst I'm not completely motivated by money, I would be interested in hearing some real figures on what vets can expect to earn. Looking at job postings online seems to give 70k-80k as a realistic starting figure for someone fresh out of school, and jobs looking for more experienced candidates seem to offer up to 140k. However, most of these jobs are for small animal vets, I haven't seen anything solid relating to specialists/rural large animal/contractors etc. I'd also be keen to know if there are any other financial advantages, such as supposedly being exempt from LMI. + +If it matters, I could see myself working with large animals somewhere within rural Australia, however I'd love to hear from people who work in all areas of the Veterinary Industry. +Not sure what people are on about with their "Buy buy buy" posts. I mean, I haven't seen a suicide hotline posts stickied in months now. Some people argue that the fear and greed index (currently at 10) is the right way to go, and normally I agree, but I don't think this is a normal situation. + +History shows us (as far as BTC is concerned), bear market bring a 80% dump to BTC. Sure, sure, now we have a lot of institutional investors involved, who won't allow BTC to go down THAT much. And we're currently 50ish% down from BTC ATH. I was also under the impression that "this time it's different" and that BTC drops of around 80% are not as likely. But this is the first time BTC is around in a situation where we have a major global recession. Which is just now starting to show it's ugly teeth. So if you're thinking this is the bottom, you have another thing coming. + +Don't make the mistake in thinking things will get easier over the next few weeks. It is highly likely that people will lose jobs. People will lose homes. We are still in a completely unregulated market. BTC and crypto will dump a lot more from this point. + +If you have a DCA strategy (and available FIAT now), sure, continue to buy weekly/monthly. Nothing wrong with this strategy. It is historically proven this is the best strategy which minimizes risk and general emotional connection with how your portfolio is doing on a daily basis. + +But I'm waiting. I have my buy orders set at $22k (around 65% down from ATH) and all the way down to $11k (a bit over 80% down). Once it hits those levels I'll continue to DCA, and after a month or two, start to buy alts (solid projects, no shitcoins), also DCA. + +I am not making the same mistakes I did the last bear cycle. +Hello! We have two young kids (1 & 4) and will be ready to fatFIRE in 3-4 years (with NW of at least $15M, but if things go well with my business, could be 9-figure) + +We love to travel, and have thought about hiring a teacher to homeschool the boys as we explore the world. I'm wondering if others have experience with hiring a full-time teacher to travel with them. How did this work for you and your kids? Did they miss out on not having a traditional school experience? +Hello everyone. + +I accidentally stumbled upon this wonderful community, and was blown away by the amount of super talented and savvy people who generously share their wisdom with others. However, I noticed that a lot of the posts are dedicated to retirement so, if mine doesn’t belong here, please feel free to ignore/ remove. + +So here goes my story. I am a 35yo F residing in NYC for the past 20 years. I immigrated here from an Eastern European country, and my parents had absolutely nothing when we came here. I went to HS, college and grad school here in NY but was not financially literate, and quite honestly was not very motivated to achieve FI. I had a good- paying job but did not have an ambition to climb the ladder. I mostly coasted through my 20s, but had an amazing youth living my best life in New York. + +I then met my husband who was a complete opposite of me. He had a very successful career working for a major investment bank. He was making close to 1M a year, and had several homes and brokerage accounts. He always expressed to me that his job is very stressful, and he wants to retire as early as feasible. I kinda nodded because I thought it was at least a decade or 2 away, and did not think much of it. + +We got married and have a 6yo child who attends a great full-day private school. After school we both have plenty of time to spend with her and I take her to all activities. When my child was born, I took 3 years off to raise the child. While I was on my maternity leave, I started a business that currently generates about 3M in revenue (I am a 50% partner), and is constantly growing. I now work full- time in that business but I have a partner who pulls half of the weight, so I am able to both work and dedicate time to my family. + +A couple of years ago my husband started to seriously talk to me about selling our NY residence and moving to Florida full time so he can retire. I am absolutely terrified about this retirement lifestyle considering how young we are. I also do not want to uproot my child, and I worry that the child will not have the same cultural and educational opportunities as in NY. Most importantly, I love that I have my own business into which I had put a lot of my blood, sweat and tears. Seeing my business grow gives me immense amount of satisfaction and self-actualization which I have not experienced before. + +At the same time I do not want to rob my husband of his retirement especially because I agreed to early RE before. I also understand that he worked much harder than I did thought out his life, and did not take as much time off as I took for maternity etc. I just know I will go brain dead hanging out with soccer moms all day (no offence, God bless their hearts but it’s just not my cup of tea). I am also concerned for my husband to go from having to grind for the past 25 years to now totally unplug and become a beach bum 🤨 + +Did any of you guys ever face this kind of dilemma and how did you reconcile? My husband’s happiness is very important to me, and I love him to pieces I am just worried that this RE lifestyle will push me over the edge and I also do not want to be abandoning my business 😭 +Often it is discussed here effective risk mitigation procedures in protecting the path to fatFIRE. Asset diversification, umbrella insurance, and counseling on mental health. Here is a stark reminder to this community of how everything you work for could disappear in a moment through poor decision making and emotional dysregulation. + +[**This 2 minute fight video**](https://www.reddit.com/r/PublicFreakout/comments/jx9erc/had_to_delete_original_due_to_harassment_because/) was on the front page of /r/publicfreakout yesterday. A Charlotte based dentist and his family using ugly language towards a neighbor and then beating him up. Needless to say there is a buzz today in Charlotte about this. Here are the quick hit impacts that presumably debilitates his path to fatFIRE: + +* His dental practice has already removed him from the website. He will likely be very hard to employ for a long time to come +* He will likely face legal charges including possible felonies for assault +* The neighbor's lawyers are going to have a field day with this for civil suits. +* He will be a pariah in the community until he can demonstrate incredible remorse for the fighting and ugly language +* Likely his nest egg will take a hit from the fall-out and potential for future cash flows. + +What I see here is a man with mental health issues probably stemming from his childhood environment that now are materially impacting him. With adequate mental health treatment hopefully he can learn to control his emotions and treat others with respect, kindness, and empathy. + +Don't underestimate the value creation (living a happier, more meaningful life) and value preservation (de-risking your life and actions) with therapy, mental health treatment, and developing yourself. This will pay far greater life dividends than anything you can make in your financial investments. +Hi everyone, + +In addition to my passive index fund investments and real estate ownership, I want to invest a modest portion (10%) of my net worth with an investment manager who picks individual stocks. + +I'm doing this because I'm seeking differentiated exposure Vs. what's available through the indexes, and I'm a believer of not solely relying on a single strategy (in this case, a passing indexing strategy). + +I've been looking for the right person to work with, and I was referred to someone that runs a small fund nearby in my city. + +Most of our conversations have revolved around his strategy, how he does research, and his prior work history. We've also talked a bit about his personal life. + +So now I'm wondering, what else I should I be asking this person? Are there certain red flags I should be looking out for? + +His strategy makes sense to me, fees seem reasonable, and his net returns have been significantly higher than the passive indexes. + +My biggest concern is that this person is young (early thirties) and while he worked at a reputable hedge fund for a number of years, he doesn't have a long track record of his own with his current outfit. + +For those of you who work/worked with a fund manager, what did you ask them before you made a decision? +The prospect of an impending German recession jumped on Friday after the country published its worst industrial production figures since January 2009. + +Data released on Friday showed that German industrial production fell for the fifth time in the last seven months, dropping by almost 7% on the year. Exports have also barely grown in the month of December, up by just 0.1% month-on-month. The recent figures add to the ongoing pressure facing Europe’s largest economy. Yesterday, official figures showed German factory orders contracted 2.1% month-on-month. + +“I am pessimistic about the German outlook because Germany could experience something like the perfect storm,” Marcel Fratzscher, President of the DIW (German Institute for Economic Research), told CNBC’s Squawk Box Europe Friday. + +He said that there are “so many risks,” such as global trade slowdown, the coronavirus, geopolitical conflicts, a weak financial sector in Europe and Brexit, that the German government must take immediate action. + +Continue reading: https://www.cnbc.com/2020/02/07/germany-recession-fears-grow-as-insdutrial-data-disappoints.html + Well, as I predicted, they kept the price over $50 so that the stack of 10,000 (yes, ten thousand options) Put contracts didn't get executed. That tells me that they aren't just tanking the price, and that they are playing the options spread at the moment. + +It also tells me that they are scared shitless of shares needing to be delivered and taken off of the open market. They'd rather keep the price boosted over $50 to stop delivery than to risk an extra 1,000,000 shares getting into long hands. + +But, thankfully, that also let's us know that they're still playing the game. If they were giving up and going into all-or-nothing mode, they wouldn't give a shit about the deliveries. They'd either flood the market with 25,000,000 FTDs while tanking the price to cover at $20 while hoping they have enough left over for the fines... Or they'd cash out what they have left now and file for bankruptcy while leaving the clearing houses to pay the bad debt. + +No, they're still planning on finding the cheapest way out of this without any (or minimal) legal trouble. That means we're still getting paid. (Eventually...) + +I've been watching this for a while now, and I think I've gotten a hand on what they are doing. This coming week will be the tell-all... And I'm going to explain why I believe the price can only go up... + +So. Let's crunch the 2/19 option chain and see where this train is headed... - This Week, oooon Gaaaaaame Theeeeory!... *queue intro music*... + +Current price $52: + +Put ITM: 59,434 + +Put OTM: 346,288 + +Call ITM: 29,930 + +Call OTM: 87,111 + +At Current Price, a total of 89,364 option contracts are ITM. + +Now, let's look at possible price movement. See, they are keeping Gee em eee at the line of demarcation between the single-dollar price change contracts ($41-$42-$43-et al.)... And the five-dollar price change per contract ($50-$55-$60-et al.) + +That means that for every dollar that the stock drops, it executes a new Put option contract... But it would need to climb five dollars to execute a new call option. That's why I told you in the last thread that they are playing between the $50-$54.99 range all week. + +See, because of the contract price structuring, it actually costs them MORE to knock the price down any lower. Allow me to explain: + +Lets look at both the Call and Put sides of the option chain... And for the nearest $10 swing in prices... + +There are 29,337 Put Options for $40-$50 strike. + +There are 2,459 Put Options for $51-$59 strike. + +There are 13,187 Call Options for $40-$50 strike. + +There are 3,066 Call Options for $51-$59 strike. + +Now, lemme explain why I believe this matters in predicting where the price is going to drift this week. + +If the price were to drop by $10, the net difference would be an ADDITIONAL 16,150 options that would be executed because of the contract price structuring. 10 Put Options would become in the money. + +Conversely, if the price went UP by $9, the net difference would be 507 extra contracts that would be able to be executed. Because of the price structuring, only two new Call Option strikes would be able to be executed between $55-$59. + +If we were to just look at the next five Put Option contracts below the current strike price, it equals up to 22,175. That means if the price were to DROP $5, they would need to find delivery for an EXTRA 2,217,500 shares. + +If the price were to go UP by $5, they would only need to find 85,600 extra shares to cover the extra contracts that would be ITM at $55. + +Let me say that again. If the price goes DOWN... It takes MORE shares off the market because of the Put Options going in dollar increments, while the Call Options go up in $5 increments. + +It is also interesting to note that ending the week at $59 would cause less deliveries than ending at $55. + +My hypothesis: They can't hold the price at $50 this upcoming week simply due to the lack of shares available and the buyer demand staying so consistent. We only had 12mil-13mil volume the last two days. The shares are drying up. + +So if they can't hold the price steady, they need to decide which direction to move it. And based on the math, moving the price UP would save the shorts money by causing the lesser of two evils in extra deliveries. + +But one thing is for sure. They can't let the price tank any lower this upcoming week. It would trigger too many new deliveries. + +(There's actually some serious game theory that says the best move to trigger the squeeze would be for us to ALLOW the price to drop to exactly $39.99 at close of next week... as odd as that seems) + +So what's my non-financially-advising-crystal-ball predict that this weeks close will be on 2/19?... + +$58.47... + +They are going to allow some big single-day swings Tuesday and Wednesday to send the stock price from $52 up to tickle the $60 mark so that they can go balls-deep selling $60C Premium... And then they will hold the price just below the line. + +The next target after that would be $69 (giggity), as there is a large off-set of Calls vs Puts at $70 that would cause the delivery equilibrium to start going net positive again. I just don't think they're going to let us get $19 in a single week, as that would cause retail investor interest to start going up again. + +Tl;dr: We end next week at $58-$59 and the slow bleeding continues until the week of Feb 26. + +I'll be back when I finish another model I'm working on... + + orgininally posted by u / ThatGuyOntheReddits +I know that they are not the best investment especially with higher interest rates but are they still safe? I.e. is there virtually 0% chance of you losing money by buying them. + +Was hearing on the news about gvt bonds potentially being worthless and the BoE having to buy them to protect peoples pensions. Was this relevant to premium bonds at all? +Coinbase wallet has disabled users ability to send NFTs as apple wants them to pay 30% of the gas fee to apple. This is lunacy. Apple clearly do not understand how NFTs or the blockchain works and they are messing it up. + +>Apple’s proprietary In-App Purchase system does not support crypto so we couldn’t comply even if we tried. + +A great point by the coinbase wallet twitter: + +> This is akin to Apple trying to take a cut of fees for every email that gets sent over open Internet protocols. + +As of now, this affects IOS users. It is now harder to transfer NFTs or send them as gifts. + +> Simply put, Apple has introduced new policies to protect their profits at the expense of consumer investment in NFTs and developer innovation across the crypto ecosystem. + +Anything for the 30% cut eh apple? even though this makes no sense you still want your cut? Insane! +It hasn't even released tokens yet but it looks like there will ba a massive airdrop sometime soon to the very small community. + +&#x200B; + +It seems they will be utilising innovative code structre called Block-DAG. This kind of tech hasn't bee seen before but it aims to utilise the best features of both blockchain and DAG to solve scalability, transaction speed and chain-weight problems that other projects have encountered. This could be absolutely massive if it gets some push. + +&#x200B; + +Here is the whitepaper: [http://smartx.one/Whitepaper.pdf](http://smartx.one/Whitepaper.pdf) + +I'm waiting in the TG now for someone to release info about the airdrop. + +&#x200B; + +Also here's the main sub for the freshest news: [https://www.reddit.com/r/Smartxone/](https://www.reddit.com/r/Smartxone/) + +&#x200B; + +\*Edit: wow this thread blew up lol Here's the TG link: t.me/smartx\_en +I know there is a small chance of this happening but let's face it, it's not far from reality. I know lots of us here are daydreaming that we'll be able to catch a unicorn coin one day. We watch coins/tokens shoot up to the moon and it's already late when we realize it has gone up 10x/100x in just a matter of time (Months, Weeks). Am I missing something? I'm curious how people research about them and how they we're able to pick some them. +Their twitter and medium accounts are gone. + +Price massively plunged. + +Really what a shame. Many people believed in this project and they do a rugpull like this. And they do it at the lowest point of people's lives right now. + +Thats why hodling doesn't work a lot of time. Crypto is a short term game of playing hot potato. You don't wanna be holding it too long or you are gonna get burnt. +Preface: Been asked by several apes to repost this DD I wrote 2 months ago in r/gme to here for newer apes and for visibility. I've made some slight edits / updates as well. And now, without further ado... + +&#x200B; + +So you've been combating FUD, HODLing/buying during 30-60% dips, and reading DD nonstop cuz you like the stock. Congratz, you have been doing well on the front lines and you've been surviving. But this is actually just the easy part. The hardest part is actually knowing when/how to sell and actually turning those shares into tendies, because obviously it doesn't matter how much we hold if we mess up during the squeeze and fail to capture most of the value of the shares. And that's why we're going to add a wrinkle on your ape brain today and discuss about your EXIT STRATEGY. + +&#x200B; + +\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~ + +&#x200B; + +# What is an EXIT STRATEGY, and why is it important? + +&#x200B; + +An EXIT STRATEGY is your plan for how and when to sell your shares. This is arguably the most important part of trading, as this is the step that determines how much money you're actually getting. Obviously we're not going to rely on just emotions, or luck, or just YOLO / 360noscoping the sell button arbitrarily during the squeeze, but we're gonna use our wrinkles to get a better educated guess as to when we're going to sell our shares. Not knowing how to sell our shares well will not only give you as an individual less profit, but also might hinder the squeeze and rob the rocket of rocket fuel, meaning the squeeze won't be as high as it could have been, and meaning ALL APES will have less profit. So read, learn, grow a wrinkle or two, and don't fuck it up for the rest of us! + +&#x200B; + +\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~ + +&#x200B; + +There is already two EXCELLENT DD's on this, and just in case reddit dies during the squeeze, or if these posts gets deleted, here is the archived version as well; copy and paste the articles themselves or the links to save them just in case. + +&#x200B; + +**Wedges and Triangles:** + +&#x200B; + +\[[https://www.reddit.com/r/GME/comments/m073v6/exit\\\_strategy\\\_dd\\\_a\\\_comprehensive\\\_guide\\\_to](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to)\]([https://www.reddit.com/r/GME/comments/m073v6/exit\_strategy\_dd\_a\_comprehensive\_guide\_to](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to)) + +&#x200B; + +\[[https://web.archive.org/web/20210309074023/https://www.reddit.com/r/GME/comments/m073v6/exit\\\_strategy\\\_dd\\\_a\\\_comprehensive\\\_guide\\\_to/](https://web.archive.org/web/20210309074023/https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/)\]([https://web.archive.org/web/20210309074023/https://www.reddit.com/r/GME/comments/m073v6/exit\_strategy\_dd\_a\_comprehensive\_guide\_to/](https://web.archive.org/web/20210309074023/https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/)) + +&#x200B; + +**Short Squeeze Case Study: $DRYS** + +&#x200B; + +\[[https://www.reddit.com/r/GME/comments/m0r4kg/gme\\\_exit\\\_strategy\\\_here\\\_is\\\_what\\\_i\\\_not\\\_we\\\_i\\\_am](https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am)\]([https://www.reddit.com/r/GME/comments/m0r4kg/gme\_exit\_strategy\_here\_is\_what\_i\_not\_we\_i\_am](https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am)) + +&#x200B; + +\[[https://web.archive.org/web/20210319103103/https://www.reddit.com/r/GME/comments/m0r4kg/gme\\\_exit\\\_strategy\\\_here\\\_is\\\_what\\\_i\\\_not\\\_we\\\_i\\\_am/](https://web.archive.org/web/20210319103103/https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am/)\]([https://web.archive.org/web/20210319103103/https://www.reddit.com/r/GME/comments/m0r4kg/gme\_exit\_strategy\_here\_is\_what\_i\_not\_we\_i\_am/](https://web.archive.org/web/20210319103103/https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am/)) + +&#x200B; + +\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~ + +&#x200B; + +**Some new/repeated points that needs to be reiterated or may not have been covered above:** + +&#x200B; + +\- GME holders don't want to sell on the way up, but they'd **\*\*want to start selling after the peak on the way down\*\***, to potentially minimize the regret of selling at $10k but seeing the stock hitting $10 mil, $20 mil, and beyond. Plus selling on the way down ensures the stock can reach it's max price. + +&#x200B; + +\- **\*\*We don't need to worry much about paper hands selling early\*\*** at like $5k or $10k because they make up only a small part of retail investors, and because of the short interest is estimated to be anywhere from 200% - 300% all the way to over 500%, it means our wallstreet bagholder shorters will need to buy these shares back multiple times to cover their position, so even if they buy all the paper hand shares, they'll need to do it again multiples of times to even start to cover. They'll buy multiple times to first cancel out the naked shorted positions, then lastly buy a final round to actually cover the legit short positions they have. + +&#x200B; + +\- The short squeeze isn't going to last for 2 minutes and that's it. From previous short squeezes, **\*\*the build up to the top will last for days, so you'll have PLENTY of time to see it coming\*\***. And even at the very top, the price will bounce around a bit before heading down again to earth, so you'll have plenty of time to sell (by plenty of time I mean more than a few minutes, how much time actually I don't know) + +&#x200B; + +\- **\*\*When you sell, sell with a limit order, not a market order\*\***, because you don't want some freak accident or some illegal shinnanigans where the stock price is worth $10 mil but because you did a market order sell, you somehow got only $50k for your share. From more reading, the bid/ask spread of GME during the squeeze could be stupidly wide, ie bid prices of $10k vs ask prices of $10 mil, so if you sell a market order you'll hit the bid price of $10k. Another situation is your broker routing your orders through market makers like Citadel, and who knows what could happen once they receive your orders. From the DDs it's possible your order won't even make it to the market, and they'll get swallowed up by Citadel instead and you just get back pennies compared to what your shares should be worth. + +If your broker doesn't allow you to do limit sells, it's okay you can do market order sell, but expect there to be a difference (usually small but sometimes bigger during times of high volatility) between the market price you see reported on your brokerage platform vs the actual price you sell it at. The problem with limit order selling is that you have to manually view the price all the the time, waiting for the price to hit whatever level you were planning to sell at. Warning, in times of EXTREME volatility, if you set your limit too close to the current price, there is a chance it won't execute. For example, if the stock is dropping from $1 mil, and you go and spend a minute to set up a limit set order at $990k, by the time you finish clicking and typing, the price could already be at $989k by the time you submit the order, and your order won't fill. Best to have looser sell limit of like maybe 5-10% below current price, or even more, during times of extreme volatility. If you want to, you can also set a trailing stop limit order, which is something that limits how much you can lose but doesn't cap the gain. The issue with setting a trailing stop limit order is that if you don't set it properly, ie, not giving yourself enough room, then potentially any volatile spikes downwards on the rocket ride up could accidentally trigger those stop loss limits and make you sell prematurely, kicking you off the rocket before it arrives at andromeda. For example, in the $DRYS example in the linked DD, if you set your trailing stop loss to be 10%, then you would have gotten kicked off the rocket at only a little past half way. If you just use a plain old limit order sell, then that gives you the most control. I guess you could also set a trailing stop limit order sell at 10% below current price once the price goes past your target price. For more info: \[[https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-15#:\\\~:text=A%20trailing%20stop%20order%20is,is%20not%20a%20specific%20price.&text=However%2C%20if%20the%20security's%20price,reaches%20the%20trailing%20stop%20price\](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-15#:\~:text=A%20trailing%20stop%20order%20is,is%20not%20a%20specific%20price.&text=However%2C%20if%20the%20security's%20price,reaches%20the%20trailing%20stop%20price](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-15#:~:text=A%20trailing%20stop%20order%20is,is%20not%20a%20specific%20price.&text=However%2C%20if%20the%20security's%20price,reaches%20the%20trailing%20stop%20price](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-15#:~:text=A%20trailing%20stop%20order%20is,is%20not%20a%20specific%20price.&text=However%2C%20if%20the%20security's%20price,reaches%20the%20trailing%20stop%20price)). + +&#x200B; + +\[[https://www.investopedia.com/terms/l/limitorder.asp](https://www.investopedia.com/terms/l/limitorder.asp)\]([https://www.investopedia.com/terms/l/limitorder.asp](https://www.investopedia.com/terms/l/limitorder.asp)) + +&#x200B; + +\[[https://www.investopedia.com/terms/s/stoporder.asp](https://www.investopedia.com/terms/s/stoporder.asp)\]([https://www.investopedia.com/terms/s/stoporder.asp](https://www.investopedia.com/terms/s/stoporder.asp)) + +&#x200B; + +\[[https://www.investopedia.com/terms/t/trailingstop.asp](https://www.investopedia.com/terms/t/trailingstop.asp)\]([https://www.investopedia.com/terms/t/trailingstop.asp](https://www.investopedia.com/terms/t/trailingstop.asp)) + +Another potential risk of everyone setting a trailing stop loss, especially at the early stages of the squeeze, is for the shorts to do a MOANS (Mother of all naked shorts) and drive the price downwards to trigger everyones trailing stop loss. I think this is what happened back in March where the price dipped 50% in a day. When the price is like WELL on it's way to the moon, I'm pretty sure at that point the shorts will have no more ammo left to do any extreme funny business, so a trailing stop loss at that point (not too tight) could be suitable. + +EDIT: Some have told me they can't set limit sell orders below current market price. If that's the case maybe it's better to set a stop loss sell order so when the price hits that stop price, the order will fill. Problem with that is your order won't execute right away if the price remains higher than your stop price. Or just do a market sell order and hope the actual sell price is close to the reported sell price when you submit the order. Each brokerage behaves a little differently so it's best to get to know the ins and outs of your own particular brokerage. + +Another method if you really have market sell orders only available for your broker is to sell 1 single share at a time. If nothing shady happens, then you can keep on proceeding to sell your shares a couple at a time with your market order. But if you sell a share and you get back like $10k instead of $10 mil, then obviously you'd want to hold off of selling the rest of your shares and figure out how you can sell using alternative options (maybe changing the routing? Ask your broker) + +&#x200B; + +\- **\*\*Don't panic when the price halts\*\***. It's supposed to halt when there is a drastic change in price, either up or down. Because of these price halts, you'll have even more time to react when the price sky rockets.\[[https://www.investopedia.com/terms/t/tradinghalt.asp](https://www.investopedia.com/terms/t/tradinghalt.asp)\]([https://www.investopedia.com/terms/t/tradinghalt.asp](https://www.investopedia.com/terms/t/tradinghalt.asp))\[[https://www.investopedia.com/terms/c/circuitbreaker.asp](https://www.investopedia.com/terms/c/circuitbreaker.asp)\]([https://www.investopedia.com/terms/c/circuitbreaker.asp](https://www.investopedia.com/terms/c/circuitbreaker.asp)) + +Just halts alone on the way to the peak is gonna take up hours of trading time. + +&#x200B; + +\- Make sure your brokerage actually allows you to sell your shares at your price target. I've heard some brokerages have a limit on how big your order can be or maybe have limits to your account itself. Example, if the brokerage has a limit on transactions being less than a mil, then you'd be screwed if you're trying to sell GME for more than a mil. Also, it's a bit different than being allowed to set limit prices at like a mil while the current price is still $200. Even for the broker I use, they said there is a limit to what price you can set a limit sell order at, and that limit changes depending on the stock price. So if GME rockets, so should the limit sell price cap. + +&#x200B; + +\- Watch the volume as well. It's expected the volume to increase signicantly during the squeeze, probably being at it's max around half way into the squeeze, and tapering off towards the top of the squeeze. Conversely, the sell volume will be almost non-existant in the middle of the squeeze, and will increase gradually as we get to the top and then down on the other side back to earth.\[[https://www.thebalance.com/buying-and-selling-volume-1031027#:\\\~:text=Total%20volume%20is%20made%20up,were%20associated%20with%20selling%20trades](https://www.thebalance.com/buying-and-selling-volume-1031027#:~:text=Total%20volume%20is%20made%20up,were%20associated%20with%20selling%20trades)\]([https://www.thebalance.com/buying-and-selling-volume-1031027#:\~:text=Total%20volume%20is%20made%20up,were%20associated%20with%20selling%20trades](https://www.thebalance.com/buying-and-selling-volume-1031027#:~:text=Total%20volume%20is%20made%20up,were%20associated%20with%20selling%20trades)). + +\- [While OBV (On-Balance Volume)](https://www.investopedia.com/terms/o/onbalancevolume.asp) is good for seeing a bigger picture of the general trend of a stock (ie: GME OBV = we're HODLing very well), the way it's calculated is looking at day to day volumes. Meaning it'll still be good for monitoring the squeeze process over the course of a week or two (not sure how long it'll really last), but OBV is pretty much useless if you want to see intra-day activity. Correct me if I'm wrong. For intra-day momentum indicators, MACD and Stoch RSI is still your best friend. Although ,they are known as [lagging indicators](https://www.investopedia.com/terms/l/laggingindicator.asp#:~:text=A%20lagging%20indicator%20is%20an,trends%20and%20changes%20in%20trends), so they won't be able to exactly capture changes in momentum in real time. + +\- Also, make sure you have access to multiple ways to access your account to sell. IE: Don't rely on your ghetto phone at like 3% battery left on the day of the squeeze to sell on your app. Have multiple devices ready, phones, laptops, desktops, all set up to log in quick and to issue sell orders at a moment's notice, all fully charged. + +***\*\*- lastly, the peak will not be whatever number you want it to be, or whatever number we all want it to be. It could, or it could not. The peak will simply be the peak. Don't just blindly hold to a certain number thinking that it's gonna be the peak. You must always check all the indicators as the squeeze is happening and monitor carefully so you don't miss the peak. All the prices we've been asking for are theoretical. None of us are prophets. Do your own due diligence during the squeeze, don't rely on others.\*\**** + +\- Have multiple ways of monitoring GME price movements / doing TA on GME. I'm just paranoid that during MOASS the powers to be will shut down Yahoo Finance, Trading View, Think or Swim, etc, so that we're trading blind. You'll need multiple backup methods of monitoring stock price + momentum indicators. If anyone has a list, then by all means let's brainstorm and get a list going. Personally my broker also offers this service so if worse comes to worse I'll just use my broker's ghetto UI chart for GME. + +\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~ + +&#x200B; + +⭐EXIT STRATEGY EXAMPLE⭐I'm sitting here masturbating and suddenly the price jumps from trading sideways at $200-$300 to $400. I know something's up. So I now actually stay paying attention to the price. The price goes up past $1k. Okay, maybe it's a gamma squeeze, and it's transitioning to a short squeeze. There has been a LOT of halts along the way, but it's fine, because as the price is rising, in my head I'm thinking that the share will go past $100k minimum, so if there are slight dips along the way I don't panic. After several hours, the price has hit $5k and the trading day ends. My portfolio is now sitting at over a mil of unrealized gains. Now I'm fighting myself. Should I sell? I mean, a mil is a lot, more money than I've ever seen in my life. A mil can make my parents retire not too shabbily either. Or, should I wait until tomorrow? Everyone will have inner struggles at this point with their inner paper hand demons. But at this point I take a look at the overall volume. Multiple times higher than pre-squeeze, but is it enough for all the shorts to have covered? If not, then why sell? Shorts still are buying to cover. What are the MACD and RSI saying? I'd wait until the next day. Next day, a bit of a sell off due to paper hands. Expected. After a 15% dip, the buying continues and stutters and gaps it's way up to $20k, and the trading day ends again. Same thing, now I think to myself, damn I have over $5 mil I can just pocket immediately. Probably don't have to work for the rest of my life if I'm careful of spending. Should I sell? This is a personal question, only you, fellow ape, can answer. But I'm holding to bankrupt the DTCC so I'm not selling at this point. Rinse and repeat until the price gets REALLY interesting. + +I am also keeping an eye on technical analysis indicators in the above linked DDs to try and guess where the top is. Let's say the price has reached $1 mil, and it paused there, and the indicators are starting to point to a reversal. Whether $1 mil is the top or not, we don't know, but we can still wait to see if it breaks out and rockets up further. At that point I could: + +1. Put in a 10% trailing stop limit sell order on my 10% of my shares at $1 mil. If it goes up, then I will still on the ride to the top. But if it goes down 10%, then it'll fill my sell order. At that point, I have 90% of my shares left. I can set another stop limit sell order with 10% of my shares at 10% below the new current price. If the share goes back up past a mil on it's way to the peak (which I still don't know what it is), then I'm still on the rocket with 90% of my shares left. If the stock continues to go down and my 2nd order is filled, then I'm going to rethink how much I plan to sell next. And I don't think at that point near the top there would be any more volatile movements of 10% or more, but this is pure speculation. One thing for certain is I'm not going to fire all my bullets at a single shot and sell everything. Chances are you've failed to pinpoint the exact peak, and the real peak is at a different price point. Selling in smaller chunks lets you have more chances of actually reaching the peak instead of blowing your load at like 20% on the way up. + +&#x200B; + +PS: Before you all accuse me of anchoring the price at a mil, $1 mil per share is just an arbitrary price point I picked to illustrate an example. Could be 100x higher , could be lower, no one knows. I don't know how high it'll moon, that's why this post exists in the first place, so you do the DD and know the technicals so you can guesstimate where the top is when it happens. The numbers can change, but the strategy won't. $1 mil is just an easy number to type. + +&#x200B; + +\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~\\\~ + +&#x200B; + +**# Warning, the ULTIMATE FUD is coming, and the ONLY way to combat it is to have a solid exit strategy NOW.** + +&#x200B; + +With the way things are going on our sub, I almost can guarantee when the squeeze starts and when the price hits $1000 or higher, we're gonna be FLOODED with fake DD's saying that it's the peak and here's why, with lots of technical charts and crayons and lines and fancy trading language and other bullshit to try and trick people into selling. If you don't sufficiently do your DD now and understand why $1000 will NOT be the peak, then I can guarantee you you're gonna paper hand and sell at $1000. Knowledge is power, and HFs know that. That's why posts like this gets downvoted to oblivion as soon as it comes out. EDUCATE yourself, form your exit strategy NOW, and stick to it through thick and thin, through the FUD FLOOD armageddon that will come. + +&#x200B; + +Adding to this, as mentioned by another user, while r/superstonk bans gain p0rn until the whole thing is over, r/wallstreetbets and other subreddits will not, so you're going to see a whole flood of people posting gain p0rn after selling at $1k or $2k, and buying various articles of luxury maybe, like lambos. You have to prepare yourself now for that day when reddit front page is just all GME gain p0rn. Are you also gonna FOMO and paper hand it before GME truly reaches the stars, because the shill tactics then is making it look like everyone else is selling,and you're afraid of being a "bag holder"? + +&#x200B; + +***EDIT 2:*** Some are saying not to sell on the way down because there is no more demand and you'll be caught holding the bag, thus you should only sell on the way up. This is only correct if you assume that the very last few shares hedgies need to buy, the last shares out of all 300%+ of outstanding shares, is bought at the very peak, and after that, demand drops to exactly 0% and there is not a single person buying anymore after the peak. But is that a realistic assumption? Up to you to decide. My thinking is that there will be sellers who sell on the way up, and there will be buyers as well on the way up. But some people will wait until the peak and sell on the way down, just like there may be buyers who wait until after the peak and buy on the way down. I personally don't believe there is a hard cut off at the peak where the buy volume suddenly drops to 0. The amount of buyers and sellers at each price point during the squeeze should follow a gaussian distribution curve, imho. + +***EDIT 3***: I have some apes saying they don't believe in TA when it comes to GME. Their argument is based on the fact that TA is largely based on historical patterns of trading and is not applicable to a heavily manipulated stock such as GME. True. But they would be lumping all of TA together in one big umbrella. TA emcompasses many indicators that are calculated using many different metrics that allows one to analyze many aspects of stock behaviour. While it is true that in general TA is based on "normal" historical patterns of human and institutional trading and would be skewed or even wrong when used to analyze a heavily manipulated stock such as GME, that's not what I am stating or claiming. I'm just using 3, which is volume, Stoch RSI, and MACD. During pre-moass, HFs still has enough ammo to keep naked shorting and manipulate the price movement, but during the actual MOASS, when they're all margin called, they'd just be focused on covering and buying, and won't have the resources to manipulate the stock to as strong of a degree. Moreover: + +1. I'm not saying to use any TA, I'm specifically saying use MACD and Stoch RSI. MACD is calculated based on EMA, and EMA is based on pricing for the last X number of days. While HFs can manipulate many things, during the squeeze, I doubt the HFs can manipulate the price anymore, so EMA and thus MACD should still be of use. Plus if the squeeze is to last for a week or two, then MACD would be perfect to capture and process data during that period as well as a week or two before the squeeze because you're using the 12-period EMA and 26-period EMA. TL;DR, MACD is a momentum indicator that should be difficult if not impossible to manipulate let's someone see overall trends in buying and selling, which is something that one would want to analyze anyway to try and make an educated guess as to when the top is. +2. Stoch RSI is calculated based off of RSI, which in turn is calculated based on an average gain / loss over a 14 day period. Gain and loss, similar to the average price, is something that is very hard to manipulate, especially during a squeeze, so the Stoch RSI should provide accurate look at momentum, relatively free from giving false data due to manipulation. Again, Stoch RSI is used to analyze the momentum of a stock, whether it's still bullish or beginning to turn bearish. + +And I am of the opinion that data is king, and the more data and info we have to make an informed decision, such as the decision of when to sell and how to sell, the better it is. It sure beats just picking a random number that we like and hoping that the stock will get there, which is basically what you're doing if you don't use any TA at all and just focus on looking at the price. What is a proper price target? Who can claim to be 100% sure and willing to bet their families lives on how high this will go? Who can say that the stock will 100% reach the price target we desire? I sure am not confident enough to bet my family's life that the stock will definitely go to my personal price target. + +**TL;DR** + +&#x200B; + +**Ape ask: WHERE PEAK?** + +&#x200B; + +**Fellow ape answer: Ape need read DD. What's gonna help you is actually knowledge obtained from reading, no shortcuts unfortunately.** +Congratulations you've got a two day break to screw your heads back on straight. + +I'm sick of hearing "Bull gang, Bull gang." And then something like this happens and suddenly everyone except the guy who got lucky on AMZN goes dark. If you're bull gang you play bull gang all day every day not just when the day ends in green. You hold you dont pull out early because theres some red you be a true bull and HOLD UP YOUR CALLS till they expire or you're posting your tendies. + +But instead most you autists jump ship the second you see those tits turning. We are in a bull market and THE TITS CANT GO UP. Some chinese people who got a cold from eating bad seafood isnt going to do shit to the economy so untangle your undies and beat beargang to the ground with a 2x4 by selling those special folk some puts, its literally free real estate. + +So if you pussies cant take the heat, GET OUT OF MY KITCHEN. THE HOTTER IT GETS THE FASTER THESE TENDIES COOK. + +GO BE A TRUE BULL AND BUY CALLS, HOLD TILL EXPIRATION, AND EAT YOUR TENDIES. +Hi all, wanted to pick your brains. I recently renovated a 3 bed end of terrace house, the space is heated via underfloor heating throughout using an air source heat pump. I also have an electric car which I probably charge once a week at night. I generate about 70kw with a solar array per month (150kw in October and November. + +My bill from ecotricity this month (8th nov to 8 dec) was £455 based on 32.80p/kwh for 1,296 kwh. + +I appreciate I have a higher than usual demand due to the air source heat pump and the electric car so I do expect my bills a little higher. But this seems extortionate, especially seeing + + +I'm a little naive with this all as it's my first owned house, I just wanted to see what everyone else thought before I call my supplier (ecotricity). +I don't really know if this is the right place to post or not, but I'm not sure where else I'd ask this sorta stuff. I'm 18 and I've never had a job before. I'm finishing sixth form in a few months, and I have no clue where I'm supposed to go from there. I have absolutely nothing to put on a resume and I doubt any workplaces are going to take me on due to pity. Because of covid and all the frequent lockdowns I haven't been able to find a place to volunteer. I'll be honest, it's stressing me out so much. I feel like I don't have a future. I don't even want to be rich, I just want to be able to afford to rent a small apartment and be able to afford food, but even that feels so impossible. I don't even know how to apply for a job, I don't have anybody to ask for advice on this sort of stuff. I don't plan on going to university, I don't think it's for me. I already struggle so much in sixth form. I just don't know where my life is supposed to go from here. I feel so much pressure. +Does anybody have any advice? +>CONSUMER PRICE INDEX – JANUARY 2022 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.5 percent before seasonal adjustment. +> +>Increases in the indexes for food, electricity, and shelter were the largest contributors to the seasonally adjusted all items increase. The food index rose 0.9 percent in January following a 0.5-percent increase in December. The energy index also increased 0.9 percent over the month, with an increase in the electricity index being partially offset by declines in the gasoline index and the natural gas index. +> +>The index for all items less food and energy rose 0.6 percent in January, the same increase as in December. This was the seventh time in the last 10 months it has increased at least 0.5 percent. Along with the index for shelter, the indexes for household furnishings and operations, used cars and trucks, medical care, and apparel were among many indexes that increased over the month. +> +>The all items index rose 7.5 percent for the 12 months ending January, the largest 12-month increase since the period ending February 1982. The all items less food and energy index rose 6.0 percent, the largest 12-month change since the period ending August 1982. The energy index rose 27.0 percent over the last year, and the food index increased 7.0 percent + +JPOW: Fuck your calls + +[Full Report](https://www.bls.gov/news.release/cpi.nr0.htm) +We often have users ask about emergency funds and it got me thinking, a lot of the time, the request for information is due to not having experienced having to use an emergency fund and not being able to consider likely events for its use. Perhaps if we create a list of things beyond the ordinary (like car expenses) it'll help everyone better tailor it to their circumstances. + + +So what was the weirdest use of your emergency fund in paying for a random expense? + +I've a few: + +* Bay window gutter replacement/roof repair when someone climbed on to my pay window to escape the police - £400 for repairs and check for damage +* Replacement of rear back gate after it got kicked in by vandals - £250 +* Washing machine replacement - £300 +* PC failed in the middle of creating a uni paper (remote course) - £600 +* Oculus Quest purchase - to keep me sane during lockdown - £400 + +Individually those expenses can be nasty, but add in 2-3 arriving together and it becomes very painful. +My partner and I live in a low income complex in a major metro that charges $1300 a month and will be $1450 next year. Obviously we're going to be moving because that's excessive, especially for a low-income complex, but still... + +That comes out to $15,600 in rent payments annually. + +[According to the HHS's poverty guidelines, you only need to make over $18,310 annually for two people to be not considered in poverty.](https://aspe.hhs.gov/topics/poverty-economic-mobility/poverty-guidelines) + +That would leave us with 2710 after just paying rent, or 225/month. If we made anything above that, we wouldn't be poor anymore. Apparently. +It is the name of a software implementation of the Bitcoin protocol - the protocol for the cryptocurrency 'Bitcoin'. +Anyone can make a different node program similar to Bitcoin Core, as long as it follows the protocol (consensus) rules. This is analagous to there being multiple web browsers for the http-protocol. + +Some people dont seem to understand this. +A day may come when they pass the Motor Law, and I shall be an outlaw, driving my brilliant red Barchetta, from a better, vanished time, Fire up the willing engine, responding with a roar! Tires spitting gravel, I commit my weekly crime… + +But it is not this day! + +What then are good cars for FI or FI-adjacent car guys? Compared to the average purchaser, we have more assets (and can absorb larger shocks) and more time (to work on cars), but want lower total cost of ownership. In general we don't finance, we work on it ourselves, and it's not our daily so it can sit while parts come from eBay. Some thoughts on stuff in the ten year old range that car guys target: + +Miatas: Overpriced / Not cheap anymore. All bought up for Spec Miata and track says. For some years, you can get a same year Boxster (!!) at the same price. MR Spyder may be a better choice. + +Boxsters/early water cooled 911: Underpriced. IMS failures can now be easily mitigated, and the 90s Taurus styling hides cars with great balance and the old hydraulic Porsche steering that can't be had anymore at any price. If anything breaks, it's a paperweight. + +WRX/Evo/Cobalt SS/SRT-4: Overpriced. Previously owned by twenty-somethings who drove them hard and modified them on the cheap. Finding an unmolested WRX is like finding a virgin in a Harvey Weinstein movie. + +C5, 350Z: Underpriced. Common and thus cheap as they were built before the recession when fast cars were still popular. They share significant components, to include engines, with more common cars/trucks that were built in the millions. Parts are cheap and simple. + +Mustang/Camaro: Fairly priced, under-appreciated. Someday we will look back on these cars like we now look on the Supra TT and FD RX7: era-defining cars with supercar performance that came out of humble family car dealerships. Today's ZL1 and GT350 are future classics. + +German sports sedans: Great drivers. Tendency towards electrical gremlins and random suspensions seizures. Many people have bought one, few have bought two. + +Classic cars: No depreciation whatsoever, look great, sound great, and easy to work on. They handle horribly. An old muscle car will go around a corner faster on a trailer pulled by my truck than it will under its own power. + +Nissan GT-R: Ferrari performance. Ferrari reliability. Ferrari maintenance costs. One can dream, probably a nightmare. + +Gallardo: Bit of a random one here. I know a few owners. Actually an Audi underneath, so merely mid-2000s German reliability instead of 90s Italian reliability. Much of the switch gear/window motors etc. is actually garden-variety VW stuff. Not as fast as you might think though. + +What would you buy in your stage of FI/RE? +I have a job and work 48 hours a week and make $825 a month. I am struggling to pay for my apartment. I love my job and dont want to leave it, but with my wife I am not willing to be away from home any more hours a day, or days a week. If there is another way, like making things and selling them online that would work too if anyone could reccomend a site. +Just want to throw it out there - this is a **HIGHLY** volatile stock market right now, with massive option positions which can change significantly each trading session. I, as I'm sure many of you have as well, have experienced **MASSIVE** gains, only to see those gains disappear in 2-3 subsequent trading sessions. + +For all of us playing the market, especially in penny stocks - know this. **THERE IS ABSOLUTELY NOTHING WRONG** with selling too early. + +A profit taking strategy defines when exactly you sell your stock (or option) to realize a profit. Many traders don’t even have a profit taking strategy in place when trading. + +Often they say: *“I’ll sell the stock when I made enough money”,* or *"*Just one more day..." + +The problem: There’s never “enough money.” + +Often us reddit boys are are too greedy and expect ONE stock to make up for all the money they lost in the past. That’s why they hold onto a stock for too long. These days, trends are short-lived, and markets can turn around on a dime. I do this all the time, and I'm deliberately forcing myself to close positions at positive gains to realize profits. + +**If you don’t have a solid profit taking strategy for your trading, you could end up leaving a lot of money on the table! Or having big gains and actually realizing losses after all of it. THINK IT THROUGH. GLTA !!** +Hi everyone, + +As a preface, I'm 22 and have been trading since the start of the year. I made a little money from investments, but my emotions soon got out of control and I started investing in penny stocks. + +Right now, I've lost around 3k and I'm down 8k in my foolish penny stock investments (stupid me put it on XSPA and GNUS) and I don't know if they are going to go up any time soon... I honestly feel depressed of how quickly my numbers turned negative. I'm holding onto them because I can't bring myself to sell them and confirm the losses. + +I was planning on putting a down payment on a condo later this year but now I don't have enough for it and a family member recently got diagnosed with leukemia so now there are some additional expenses that I have to help out with. + +If I decide to sell all of my stocks, I'd lose around 11k total but would have enough money free'd up to put a down payment. + +I don't know what to do. I've been saving up so that I can move out once I get a condo but this fucked me up. I called in sick from work today because I just feel depressed, and sick to my stomach every time I look at my numbers. Every day it feels like I'm sinking into a bigger hole as XSPA and GNUS get lower. + +Would it be wise to just accept my losses and walk away from trading? +This morning I received my weekly direct deposit from uber in the amount of $778.80, which was mysteriously $126.53 short of the $905.33 I was expecting. I've been driving for uber for 2 months and this is the first time something of this sort has happened. I looked in the transaction feed of my uberdriver app and noticed a subtraction (in the magic amount of $126.53) with the description, "Earnings Withholding Order Tax Levy." There was an included tracking case/claim number. + +I called uber support, explained the situation, and provided my claim number. They had no record of the claim number I provided. They then said that it must be a problem with my bank because uber deposited the full $778.80 I was owed. I explained again, slowly, that I was actually owed $905.33. They put me on hold for a while, then came back to explain that the missing $126.53 was garnished by a garnishing agency. I would need to contact this garnishment agency, receive an Amended Order, fax this Amended Order to uber, and uber will forward it to their Legal Department for review. Uber support said that they will email me all the information I'd need to do all this. Great! + +I checked my messages, and uber said I'll need to contact "{{garnishing agency}}" and referred to that company as this a few times (screenshots provided). I should note that I have never been threatened with wage garnishment and I am paying all my loan payments on time. + +I called uber support again, and after the fun & games of explaining the situation again at length, clearly and slowly, and being on hold for long spans of time, they finally told me they didn't know who the garnishing agency was and they'd forward the situation to their specialists. + +Has anyone encountered a problem like this? Other than continuing to pester uber support, I have no idea what to do here. + +tldnr; Uber claims a garnishing agency garnished some money from my paycheck, despite all loan payments up to date, and won't tell me who is the agency doing the garnishing. + +Pics: https://imgur.com/a/BaNE43x + +**UPDATE:** The IRS confirmed I'm all good on their end. The customer service rep was shocked there would be a sudden garnishment without my knowledge and had no answers. + + +**UPDATE 2:** The California Franchise Tax Board automated line confirmed I'm all good on their end. Checking in tomorrow morning at the suggestion of FTB live-chat to speak to a living, breathing human to double-confirm. + + +**UPDATE 3 (A BREAK IN THE CASE):** I got an email from uber support explaining that {{garnishing agency}} is actually... THE STATE OF CALIFORNIA FRANCHISE TAX BOARD (several of you guessed this, including Quaziau who was sure of it). The email came with an attached PDF of a tax levy in the amount of $22,910.70 from 2012. Pic of garnishment PDF: https://imgur.com/gallery/UaZM0bF Of course, the only problem was that this {{CleanHelicopter}} who owes all that money wasn't me! Not even a little! He lives in Lake Elsinore and has a, you guessed it, completely different first 7 digits of his social security number. I then called uber support and argued over my own identity for about 20 minutes. It didn't matter that I'd never heard of Lake Elisinore or was still in college in 2012, what mattered is that this {{CleanHelicopter}} and I had the same name and the same last two social security digits. It HAD to be me, and perhaps I should reach out to my previous employer or mother of my child to see if that $22k could be lowered, said uber. I can't begin to explain how frustrating a phone call this was, or how Kafka could write 2-3 books about this phone call if he were alive. My next step is to get in touch with the FTB and make them get in touch with uber to explain that they have the wrong {{CleanHelicopter}}. More updates to come... + + +**UPDATE 4:** I spoke to the State of California Tax Board's Account Resolution department (after being referred by their mainline number). I explained the situation and they thought all of it was ridiculous. They also said there's unfortunately nothing they can do on their end. The order number can't be cancelled and garnishments will continue to occur until the entire amount of $22,910.70 is payed off. They said this is entirely uber's fault so I now need to try to get a hold of uber's payroll department. + + +**UPDATE 5:** On my third try with the State of California Franchise Tax Board's Account Resolution department, I spoke with a woman, we'll call Veronica. Explained the situation, acknowledged this is entirely uber's fault, wondered if it would be possible for the FTB to cancel the order and create a new one. She explained that this action makes a lot of sense, but unfortunately by their company practices cannot cancel an order and immediately issue a new one (and hope uber doesn't make the same mistake again) because there is the small, but possible chance to lose their queue in debt collecting with this other {{CleanHelicopter}}. Veronica said she understands how annoying and backwards this sounds, but it's just the way they work. I then conferenced Veronica with uber support and what transpired was one of the most equally funny and sad exchanges I've ever heard between two people, second only to the time when that guy conferenced two Chinese take-out places together. This is almost verbatim: + +Uber: Hi, can you verify your name and number, please? + +Veronica: Hi this is Veronica with the State of California Franchise Tax Board. I am calling on behalf of one of your drivers. There is a false garnishment that needs to be rescinded immediately, and I was wondering if I could receive the phone number for, or be connected with someone in your payroll department? + +Uber: Hi Veronica. Yes, I understand, one moment. (long pause) The phone number is xxx-xxx-xxxx. + +Veronica: Great! And what department is this? + +Uber: What? + +Veronica: (agitation starts to seep in) What department is the phone number you gave me? + +Uber: Uber Eats + +Veronica: *What?* + +Uber: Uber Eats. Are you a rider or eater? + +Veronica: (fully agitated now) I just need the phone number to your payroll department. I'm calling from-- + +Uber: What city you in? + +Veronica: I'm in Sacramento. I work for the state. I just need to speak to someone in-- + +Uber: There's no phone number for payroll. Unfortunately, you can only go through email. + +Veronica: What's the email? + +Uber: (long silence; background ambience) + +Veronica: Is she still there? + +Me: I think so, I can hear a TV or something in the background. + +Veronica: Ok let's hang up, this is clearly pointless. + +At this point, Veronica tells me that she's going to keep trying to dig around and she'll get back to me later today. She said what she likely thinks will happen is that the FTB will need to first see the money come in from my garnishment before the possibility of a order cancellation is implemented. Again, she acknowledged that this is annoying but it's how it works. + +**UPDATE 6 (FIN?):** I just got a message from uber that a refund had been applied to my next pay statement. + +Pic: https://imgur.com/gallery/WEoqXXA + +I’m going to assume all is well now, fingers crossed. Not sure what or who ended up wrapping this up so quickly, but thanks to all who reached out to me privately with connects to uber and FTB. I have to assume Reddit was the reason this was solved. +Bit of a background, I graduated from uni in December 2018. Previously, I've held casual jobs throughout and have always filed my tax return on my own using the myGov page. + +Cue 2019, I got a full time job, moved cities (Canberra to Melbourne) and now have to file for taxes soon. No investments or other sources of income so far. + +Do you reckon, I should hire an accountant to do my taxes in order to receive 'tax-saving tips' or it's just not worth the extra $$$ and do it again myself on the myGov webpage? + Anyone investing in UK REITS? + +I've been following a few of them but the one I liked the most has very little volume (av. 94 trades daily for JAN/21, 48 for DEC/20...) which made me think twice, ideally I want to hold it for a long time and reinvest the dividends but if I need to dump due to unforeseen circumstances then I'm stuck?! + +Any thoughts on UK REITS market in general? + +Thanks! +Hi all, + +I’ve dabbled in investing before and currently hold shares in Apple, I understand the principles, and I only ever do it as low-risk, low reward. + +I know of a company that’s about to launch an IPO and get listed on the market with an introductory price range of $17-19, which is very affordable and something I’d like to invest in as I know their platform and understand their business. + +How does one get access to buying these shares? Is it as simple as buying on the day of going live? Or is there a sign up process? + +Thanks +Hi, newbie here. + +I see that Greggs is popular on this sub, I am a fan of the business and am happy my local branch is open again! + +In recent weeks the share price has dipped slightly to 1633p today, from a pre-covid high of 2550p. You might be tempted to buy, but personally I would be cautious today. + +A simple comparison with the privately owned Pret a Manger explains my thinking. + +*Pret* +- 8000 employees in the UK + +- 410 stores + +- Deliveries (Deliveroo etc) now makes up 8% of sales + +- Currently seeing a 74% reduction in sales + +*Greggs* +- 20000 UK employees + +- 2050 UK stores + +- Announced a Just Eat partnership in Jan 2020 + +- Has not released recent sales figures + +Yesterday, Pret announced 1000 job losses and the closure of 30 stores - this is to deal with the reduction in sales since 339 of its 410 stores have reopened. To me, this is the parallel to draw with Greggs and a load of other retail businesses. Yes, the stores are reopening, but turnover is massively reduced and the businesses are having to pay wages, rent and other overheads. + +Probably the good news for Greggs is its cash position of £47m (as of April) and its ability to draw down £150m of government covid support. In April, Greggs said it was expecting to burn £4.5m a week from July onwards, so its cash will take a hammering in the short term. Interim results are due on 28th July so hopefully it will include an up-to-date indication of cash burn - one to watch later this month! + +Edit: formatting +The UK market has finally been showing some signs of life in recent months. Part in anticipation to upcoming summer without lockdown (fingers crossed) and partly due to the vaccination programme. This is having a knock on effect in the property market too. Furthermore, As the stamp duty holiday continues and the new 5% deposit scheme kicks off the new tax year, the property prices are poised to rise significantly in the coming months/year and possibly beyond. + +As the title suggests, I wanted to bounce off ideas with people who are considering or have already invested to benefit from this. I have been pondering how to expose myself to real estate as my "expertise" only lies in equities. + +What is the best way to take benefit of this with low capital available? Are REITs the best way to go? And if so any recommendations are welcome. Is anyone participating in peer to peer lending or something similar? + +Thanks in advance! +Hi, newbie here. + +I see that Greggs is popular on this sub, I am a fan of the business and am happy my local branch is open again! + +In recent weeks the share price has dipped slightly to 1633p today, from a pre-covid high of 2550p. You might be tempted to buy, but personally I would be cautious today. + +A simple comparison with the privately owned Pret a Manger explains my thinking. + +*Pret* +- 8000 employees in the UK + +- 410 stores + +- Deliveries (Deliveroo etc) now makes up 8% of sales + +- Currently seeing a 74% reduction in sales + +*Greggs* +- 20000 UK employees + +- 2050 UK stores + +- Announced a Just Eat partnership in Jan 2020 + +- Has not released recent sales figures + +Yesterday, Pret announced 1000 job losses and the closure of 30 stores - this is to deal with the reduction in sales since 339 of its 410 stores have reopened. To me, this is the parallel to draw with Greggs and a load of other retail businesses. Yes, the stores are reopening, but turnover is massively reduced and the businesses are having to pay wages, rent and other overheads. + +Probably the good news for Greggs is its cash position of £47m (as of April) and its ability to draw down £150m of government covid support. In April, Greggs said it was expecting to burn £4.5m a week from July onwards, so its cash will take a hammering in the short term. Interim results are due on 28th July so hopefully it will include an up-to-date indication of cash burn - one to watch later this month! + +Edit: formatting +Let's say that I wanted to hold a certain amount of USD as a satellite holding in my portfolio. + +What would be the differences, other than the inherent ones, about doing so as: +• Physical USD bills in a wallet/safe. +• Electronic USD in a bank account e.g. Revolut will allow you to buy and hold foreign currency in-app. +• USDC cryptocurrency, the USD-pegged stablecoin. + +Naturally physical bills are subject to earthly elements, loss/theft, physical deterioration with time. Yet they are easy to store, usable in multiple countries and aren't going to suffer technology-related issues. + +Holding USD electronically seems sensible enough, although I couldn't go to the cash machine and withdraw them. I'm unsure of how easy it would be to pay for USD-denominated goods etc. using a dollar account. + +USD-C seems most 'risky' because of some of the inherent risks in dealing with cryptocurrencies. Does it have putative benefits that I'm not thinking of e.g. exchangeability for other cryptoassets, use in certain scenarios where using fiat currencies isn't possible? +Most shops are reopening from Monday in some capacity. This morning stocks are still falling. Anybody jumping on some of these? What are your thoughts? + [https://www.hl.co.uk/news/articles/changes-to-the-wealth-50-list-of-favourite-funds](https://www.hl.co.uk/news/articles/changes-to-the-wealth-50-list-of-favourite-funds) + +&#x200B; + +They've both been strong performers for me over the past 2-3 years. +If I invest 10k in a S&S ISA in April, and then the shares gain value so the ISA is now worth £100k for example, I then sell all the shares and cash out 100k back to my bank account, would the balance over 20k (ie 80k) now be liable to CGT? +I've noticed that at least once (usually more) on each thread, people love to recommend vanguard funds. I personally am not invested in vanguard but I just wondered if there was any particular reason? +I am interested in investing in a number of US ETFs such as VOO (Vanguard S&P 500), QQQ (Invesco Nasdaq 100) and the FDN (First Trust Dow Jones internet index fund), plus a few others. + +My question is - Is it more beneficial to invest in these ETFs directly or to by the UK equivalent ETF such as the VUSA or the EQQQ? I've noticed that the return on the US versions is higher for some reason? + +Also is there any tax implications that come with purchasing a US ETF as opposed to a UK traded ETF, like capital gains tax etc? +I am trying to follow Warren Buffet's advice (EDIT: given in 2014) + +>*My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard‘s \[time stock-symbol=VFINX\].) I believe the trust’s long-term results from this policy will be superior to those attained by most investors—whether pension funds, institutions, or individuals—who employ high-fee managers.* + +and trying to keep about 10% in a UK short-term government bonds fund but I have been unable to find anything exactly like this. Do people have any recommendations? + +Thanks! +I'm a bit confused what's going on here, as a noob + +So dominos dropped a chunk when their CEO left - which makes sense to me, but then dropped even more over the last couple of days. why? + +HL news has informed me of all kinds of good news about UK and Irish sales (as well as swiss, norwegian, icelandic and swedish growth), new franchises opening, lots of new technology, improvements in labour efficiency, dividend growth. "it's been another good trading period for domino's" said their CEO David Wild + +so why is it down so much right now? it all sounds great from what I'm seeing. I put some fun money in when their CEO left and it had dropped 10% because I thought "I'm still gonna buy their pizza at ludicrous prices whoever the CEO is". As it stands I'm down 21% on DOM but it seems to me that it should be a good buy? + +**edit:** seems like it's not all the good news i saw on HL! https://www.telegraph.co.uk/business/2018/08/07/dominos-profits-sliced-spiralling-overseas-costs/ +Made the mistake of buying the Funding Circle IPO after having good results with lending on their platform. + +Things got a bit dodgy so sold my loans and got out after 70 odd days of waiting. + +Now I'm just sat on a 75% drop in their share price. +It's only a small percentage of my mostly index portfolio. + +Wondering what others opinions are on this... Take a hair cut, or pull out 25% of my remaining stake, on the chance they go fully tits up. +I hate Brexit but may as well try and make some silver lining out of it . + +I have a S&S ISA and was wondering if there is anyway we can short Brexit / bet against it etc? + +Many thanks +Hi guys, + +About a month ago I was in a dilemma over whether to choose ATT or SMT (scottish mortgate trust) for one of my technology ETF's. + +I steered towards ATT as it seemed to slightly outperform SMT but also has less bearing on Tesla. I like the fund and everything in the portfolio but Tesla is one that sticks out like a sore thumb to me. I am ok with the added risk however as it is a large portfolio. + +Is there any reason why I should switch over to SMT? I can see that the fees are higher with ATT, and there is also way less people recommending ATT. Have I made the wrong decision? + +I'm not a huge investor, Im in it for the long run. Other than this I hold INRG, Vanguard All Cap, and Bitcoin. I'm not concerned whatsoever by the dip, however as said above I have some concerns with Tesla. It isn't a stock that I have full trust in, but the same goes for Bitcoin. + +Would be good to hear peoples opinions. There isn't much online about ATT and I had to personally email them to get access to the full portfolio. I am also have no idea how active the manager is. I've also heard things about Baillie Gifford US Growth Trust. + +Thanks all :) +Hopefully my colorful title will attract more clicks than derision. There's something I don't really understand. If you look at online platforms like H/L the cost per stock goes from say £11.95 per trade to like £5.90 if you really trade a lot. + +On £100 that's a massive number. On £1000 it's still not to be snorted at. So am I right in thinking there's really no point in buying stocks unless you're putting at least a grand or so in each company? + + +Hi guys, + +Just a bit of advice I needed for some time now, but never really got around finding the answer. Let’s say I have invested in a few growth stocks, which I am up considerably in, what is the best strategy to increase your position in them. Do you add on red days? do you add on days when it’s a certain percentage down? Is it ok to add on green days? + +I know ‘time in the market’ > ‘timing the market’ but at the same time is there any strategy people use when they want to add to their position? + +For instance, I have Square, which I want to buy more of it. I am already 25% up. When should I add more. I was thinking of creating a pie(trading212) and having all my growth stocks(or stocks which I want to add and grow over time) and then deposit a certain amount every month at a fixed date, let’s say the date I get paid. + +How does that strategy sound? +Is it possible to do this? + +How much would the fees be to say buy a 50k annuity this year? Is there an efficient way to do this to keep fees down? Who would you contact. + +*Its all hypothetical , don't spam me with "Forex chance of a lifetime trash" 😝 +So I’ve got a few questions around the Rolls Royce 2020 rights issuance, I have added numbers to each question to make replies easier, apologies if I’ve asked too many! + +Background, +So yesterday when checking the price chart for RR on ig I noticed that the price for Dec19 was showing around 200, whereas it had previously been shown around 600, on apple stocks app it is still shown as around 600, this confused me a lot so I emailed ig to which they sent me a link to an RR rights issuance document dated November 12th 2020 (link below), this showed that there was a rights issuance and from reading it would appear roughly 6B new shares have been created, I’ve googled for RR Shares outstanding charts and websites I’ve found only run up to Jan20 and show around 1.8B shares outstanding, the figure on ig today stands at 8.368B, an increase of 6.568B shares in the last year. +Therefore there are now over 4 times more shares outstanding than at the start of 2020 from my findings, which is concerning as someone who thought RR going above 200 in the long term was no issue as it used to trade for 600+... + +My questions, +1. I believe ig and google charts have been updated to reflect the share dilution which is why the Dec19 level now shows around 200, is this correct? + +2. Were existing RR shareholders compensated for this dilution? It is my understanding that the rights issuance was an opportunity for new investors to buy new shares from RR at a discount (put simply), this is different to a stock split and so I do not think existing shareholders have been compensated, is this correct? Further to the above would retail investors have been notified of the action? When you own shares through a broker the broker owns the shares and thus they will exercise the right to purchase the new shares at a discount, but would this gain be in any way passed onto the retail end user? + +3. For the existing shareholders who bought pre-pandemic at 600+, are they effectively screwed now? I don’t see how the price can ever rise to that level again now given total share count has more than quadrupled. + +4. At what point are the investors and the wider market notified of this action? I’m pretty sure the update to historic price charts has taken place following the recent 2020 earnings results as I check RR regularly, but could it really be that one day you think there’s however many shares, then they release earnings and you realise your ownership percentage stake in the company has been cut in 4, this seems pretty brutal. + +Thanks you! + +Link to rights issuance document - +https://www.investegate.co.uk/rolls-royce-holdings--rr--/rns/result-of-rights-issue/202011120700050529F/#:~:text=Rolls%2DRoyce%20Holdings%20plc%20 +As I currently have a basic understanding of investing (This is being worked on) I wanted to avoid putting money into stocks that I manage until I feel more comfortable. This led me into reading about indexes and whilst there are a few tech indexes that interest me, I would much rather invest in a renewable energy index. + +What, if any, renewable energy indexes do you think are worth investing in currently? +I opened my account a few months ago, and from what I read there's no maintenance fee for 3 months, but after that is 10usd per month. (Minus comission for that month) + +Anyway, for someone like me who make a trade maybe once or twice a month (or more often 0 tradd), it seems super expensive. Is my understanding correct? I'm basically paying them 10 to keep my account alive + +Also, say if I keep my account at £0. And I only transfer fund in when I make my first trade (after the fee free period), will they take my comission for previous month's that I haven't paid since it was £0 before? +Hi, + +I’ve been reading a lot of the ARK website and along with watching interviews of Cathie Wood I’ve decided I want to invest in their ARKG ETF. I think it’s an incredibly interesting sector and I would like to have some skin in the game. + +For reference, I have 80% of investments in Vanguard FTSE Global All Cap and the rest in sector specific ETFs on Trading 212. I’m 24 and willing to take the risk with some of these sector picks, I also enjoy the reading up and following innovative tech, probably what drawn me to ARK in the first place. + +There’s a guy on Trading 212 who has an ARKG pie that he updates and rebalances every week, do you think this would be suitable to follow or can you see any issues with this? I’d far rather invest in the actual ETF but unfortunately this doesn’t seem possible. I’d have to put in a bit more work checking that it’s being actively rebalanced weekly, and it’s missing a few of the smallest holdings as they’re not on trading 212 but it’s very close. Does anyone here do anything similar with 212 pies or try to invest in ARK from this side of the world? + +Thanks in advance! +Hey everyone! + +I've been having big tech issues with iweb whenever it comes to selling more volatile stocks (not being able to make the sale online automatically and having to sit on the phone for 10 minutes instead!). + +I've read that it's also an issue with AJ Bell and HL, and understand that it comes from MMs not wanting to give automated quotes when the stock is volatile, but I was wondering - is it an issue that affects all brokers equally, or are some brokers less likely to have that problem? + +Cheers everyone, any pointers are really appreciated! +So a quick intro, + +Mccolls is a conveniance store operater, think newsagents and those tesco express stores as a comparison. + +They operate around 1200 conveniance stores and approx 250 newsagents. + +**Some headline numbers from 2019** + +Revenue £1.2Bn + +Gross Profit £311.4m + +Operating Profit £18.2m + +Pretax Profit £5.4m + +Adjustment -£104m due mainly to a £98m impairment charge on NC assets. + +So after adjusting the pretax profit for the impairment we arrive at a significant loss for 2019 + +No one wants to invest in non growth sector making a loss - **this loss is issue number 1**. + +**Next lets tear apart their balance sheet.** + +Firstly an Equity figure of 38.7M vs 141M the previous year, this drop of around 100m is due to the impairment as mentioned above. I sometimes like to see the equity figure as a number that if the business sold off everything, it would be left with its equity figure in cash. However this is not really the case, especially in the case of Mccols. it may be most prudent to strip out all their noncurrent assets of 246M and be left with a equity figure of -£200M. + +No one wants likes a company with a negative equity figure, **this is issue number 2.** + +**Challanges mentioned in the most recent annual report.** + +Supply chain issues: i guess issues with getting the products they need in the stores as and when they need, ive read things from consumers saying they often had empty shelves. **This is issue number 3.** + +Brexit: Everyone uses Brexit as an excuse for bad results, i will skip over this one. + +**Now for the good stuff, and some points regarding their issues.** + +The most recent news was that Wm Morrisons and McColl's are extending their wholesale supply partnership (Mossisons now McColls sole wholesale supplier out to 2027). **This deals with issue number 3.** + +Over the next 3 years 300 McColls stores will be converted to Morrisons Daily stores. + +The bankers to McColls have amended exisisting banking arrangements. "The updated facility consists of a £100m revolving credit facility and an amortising £67.5m term loan." with increased leniancy of covenenants. + +Both of the above indicate MCColls to be a going concern - I beleive Morrisons would not form a partnership with a company which will not survive. Bankers would not extend credit facilities with more leniant terms if they did not beleive they could get their money back. This may suggest that the company does indeed have value in its non current assets and perhaps our prudent approach to strip them all out was incorrect. **This deals with issue number 2.** + +**Issue Number 1 - Profitability.** + +Profitability is perhaps the most key issue here. Firstly let us note that Mccolls is actually profitable at the pretax income level in 2019 and has been profitable at the net income level every year going back to 2013 (i didnt check prior to that). The only reason they made a loss in 2019 was because of the rightdown of NC assets. + +Their cash flow from operations is positive, and has been from 2013, which is key in determining that the business is actually operationally profitable. + +Next - "Wm. Morrison Says Its Products Have Been the Strongest LfL Sales Performers in McColl's Estate So Far." - this was news on the 1st of March 2021. As McColls trasitions further to a 'Morrisons outlet' so to speak this should prove positive for them in terms of revenue, and therefor operating profit. Bar 2019 with the right offs and revalutions, the operating profit margins have been positive, allbeit tight. Below are operating margins for Morrisons and Mccolls from 2013 to 2019. it appears that operating margins are in line. + +Morrisons Operating Margin 2.59 2.39 2.54 2.16 2.21 1.28 -7.42 + +Mccolls Operating Margin 5.24 -0.54 -4.14 1.95 2.87 2.65 2.44 + +**Other Notes** + +The company has a market cap of \~£36M at the time of writing. Assuming they dont do any more writeoffs and continue with pretax profitability of around 15 to 5m per year, this shows quite a low P/E ratio. + +"McColl's Retail Raised to Buy From Add by Peel Hunt" + +Their comment was as follows: + + Peel Hunt says. "It is clear that the Morrisons brand resonates far more with U.K. shoppers and the only surprise to us is that it has taken so long for the companies to alight on a solution that allows the rebadging to move from 31 to 300 stores over three years," the brokerage says. Peel Hunt raises its rating on the stock to buy from add and has a target price of 50.0 pence." + +**In short i like the stock, the above facts are sourced from the companies 2019 annual report and other news websites. The oppinions above are sourced from my head. Ofcourse this is not financial advice and just my own oppinion, i am also long the stock, do your own research first.** + +**Let me know what you think, but more imporantly let me know if you if anything ive said is wrong so i can correct it.** +From listening to radio 4, there was a lady on. Who spoke about buying an English speaking business in her town for 4k. + +Due to being in high demand at the time, she more than made up the amount she initially used to buy the business. + +So how and where do people put up their businesses up for sale? + +Would I be able to buy the local chippys if there where such a place that brings us together? + +Would be interested to knowing more and I thought this was the place to ask. +Thanks. +I've been reading up on finance occasionally for about 6 months. I'm at a point where I've got my emergency fund and know how to budget etc. The only logical next step for me would be to start investing + +I know the long term play is to invest in index funds and stay in them for the long term which I plan to do. Everyone talks about Vanguard so that was going to be my plan but I also want to dick around with some individual stocks but with smaller amounts, mainly just for fun (like £50 a month whereas £200-£300 per month for long term investments) + +The thing is I've just learnt you can only pay into 1 S&S ISA per year so I'm not really sure what to do. I've never heard of people investing in long term funds on T212, it's always Vanguard that I read about and people get directed to. And on Vanguard you can't buy individual stocks (is that correct?) like you can on T212. + +I'm sure there's many many people who have their long term investments with vanguard and then buy individual stuff on T212 but how do they do it? Just open a normal invest account rather than an ISA or is there something I am overlooking? +What would be the best major in college that would help with day trading? Or does that even exist? What would be the equivalent to a bachelors degree in trading? And what would that curriculum look like? To those who have a degree in finance or computer science, do you feel like it's helped with your trading? +After two weeks of waiting, the tenants at the old address let me know it had arrived. + +The excitement came to an abrupt halt. I opened up the letter, checked my ID against unclaimed prizes. + +I had a grand total of £100 and £0 in unclaimed prizes. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +I found [this interesting article](https://americanaffairsjournal.org/2019/05/ubers-path-of-destruction/) that discusses Uber's business model and technology. Amongst other things, it argues that: + +* Uber really isn't that innovative (and isn't really a tech company) +* It's only grown big due to massive subsidies +* It doesn't have any lasting competitive advantage, and is actually less efficient than existing taxi companies + +I know there's been several posts about this topic on reddit, but this seems to go into more detail. + +Thoughts? +https://www.bloomberg.com/news/articles/2017-11-08/millennials-ready-to-ditch-stocks-to-keep-bitcoin-rally-alive + +Survey may be biased.... But that number is pretty alarming. +* To be clear, I am not making any judgements or trying to offend anyone, but I was talking to a friend about poverty and homelessness, and he said that a lot of people who live in poverty as a result of their own bad choices, such as doing drugs, having children despite not being able to afford them, etc, and I am wondering how much truth there is to this? +> Heavy hearts soared Monday with news that Moderna’s Covid-19 vaccine candidate — the frontrunner in the American market — seemed to be generating an immune response in Phase 1 trial subjects. The company’s stock valuation also surged, hitting $29 billion, an astonishing feat for a company that currently sells zero products. +> +> But was there good reason for so much enthusiasm? Several vaccine experts asked by STAT concluded that, based on the information made available by the Cambridge, Mass.-based company, there’s really no way to know how impressive — or not — the vaccine may be. +> +> While Moderna blitzed the media, it revealed very little information — and most of what it did disclose were words, not data. That’s important: If you ask scientists to read a journal article, they will scour data tables, not corporate statements. With science, numbers speak much louder than words. +> +> Even the figures the company did release don’t mean much on their own, because critical information — effectively the key to interpreting them — was withheld. +> +> (... more in link, this was the first snippet) + +https://www.statnews.com/2020/05/19/vaccine-experts-say-moderna-didnt-produce-data-critical-to-assessing-covid-19-vaccine/ +Edit: I know this is not enough to retire now, I was asking how to use it as a head start into FIRE as early as possible. + +Hey guys, posted this on personal finance a while back but there were several people saying it wasn't possible or feasible and being downright negative. I have read the wiki on how to handle a windfall and several posts by others but am still quite lost. + +Received 350k inheritance. Just graduated last week with a Bachelor's in Communications. No debt at all. 2010 car paid off. Currently unemployed. Living with mom currently. Monthly expenses 800-900? Had 13k in savings prior to the inheritance. I do NOT want to ever get married or have kids. + +Was thinking about putting this into S&P 500 for the long term and contributing to it monthly once I get a job. But I'm not sure how the math on that works and how I would even go about putting the money in there or how I would be penalized if I wanted to take some money out (taxes, etc). + +I met with a financial advisor at my credit union and mentioned early retirement (30s) and asked what type of account I would need to live off the 4% SWR and he told me he has never heard of anyone retiring that early and that he doesn't know of any accounts that will not charge you for taking money out. + +Any help would be greatly appreciated, thank you. + +Edit 1: Money is from a house that was sold, 350k in my savings right now. +I would rather live lowkey and not spend much, but in a nice area. I'm thinking at most 20-25k. +Although if an extra 10 years would mean I could retire THAT much more wealthy then that's another thing I would have to consider but I am not sure how to do the math on that. +I love learning how others have progressed over the years towards (or away!) FI. What is your [brief history of the stash](http://www.mrmoneymustache.com/2011/09/15/a-brief-history-of-the-stash-how-we-saved-from-zero-to-retirement-in-ten-years/)? + + +Some links from /u/cb_hanson (sp?) have gotten me wondering what are the best/most influential finance papers of all time. A link to where they can be read/downloaded would be perfect. + +Update: The response here was much better than anticipated and I would like to thank everyone for contributing. I'll update this post with all the papers mentioned below and their corresponding links. +&#x200B; + +[NASDAQ is hitting a resistance level after completing a fibonacci retracement, signifying the continuation of an overall downtrend](https://preview.redd.it/qu9z7tbvmug81.png?width=896&format=png&auto=webp&s=964b39cb73957496e6e491f0f309cf3ae64278bb) + +&#x200B; + +[CPI data coming in similarly to last month could be a 'market killer' phenomenon](https://preview.redd.it/ckt701zsmug81.png?width=902&format=png&auto=webp&s=4e86af5b1bcff78ac8a2ef16d77f92499f449974) +A kidney sells for $262,000. A kidney transplant costs $400,000. One year of hemodialysis costs $72,000. + +Considering how fast MSFT is mooning, you could sell both kidneys for $524,000, buy MSFT options, become a multi-millionaire, then get a kidney transplant. Even two kidney transplants if you want to feel whole again. + +Hell, even in a post-MSFT era, you could sell both kidneys, get a kidney transplant, pay for a year of hemodialysis, and still have $52,000 left over to throw at FDs. But since you pay after the transplant and all, you could also spend the transplant and hemodialysis money and claim bankruptcy. + +Anyone know where I can sell kidneys? +I took a one-week night class on investing, and it was completely worth it. My teacher is a wealth advisor but only manages clients with multi-million dollar accounts. He was teaching to a class of not-even-close millionaires, so I didn't feel like it was a sales pitch like how I've felt when other financial advisors would lead seminars. He gave some pretty good advice, so I thought I'd share here. Some of it you probably know this stuff but I thought it was really good in general. + +1. Don't trust the advice of just one person (per my teacher, not even him). Warren Buffet, The Wall Street Journal, Business Week, well-known economists (well known for the industry, but not to me) have all predicted wrong. The teacher read quotes from business publications that in hindsight were obviously wrong. +2. If you put your money in a small, private investment firm, don't feel comfortable that they have a fiduciary responsibility to you. Most ponzi schemes were committed by fiduciaries. *This next part I don't really understand, but I have it written in my notes so maybe someone can clarify it*....If you're going to use a small investment firm, don't trust the financial statements provided by the firm. Ask the firm to see the statements from the financial institution where the money is actually kept. +3. Asset allocation should not be based on age or retirement date, it should be based on risk tolerance and goals. Pressuring someone in their 30s to have an aggressive portfolio when they have a low risk tolerance may cause them to panic sell when the stock market dips. Alternatively, pressuring someone in their 50s to be in a more conservative fund may cause them to feel FOMO and cause them to panic buy. The key is to try to keep emotions out of investing. +4. Investment apps on your phone may lead to worse returns. Again, keeping emotions at bay. If you see a huge loss in one day, you might panic sell. The teacher said an actual study showed that people who have investment apps on their phone tend to perform worse, but I couldn't find the study for this. He talked about the Norwegian Investment Fund and how the fund has remained consistent in its asset allocation regardless of how the market was doing. He said they do well because they don't react to panic. He spent almost an whole hour on human psychology and how it can ruin a good investment strategy. +5. The teacher doesn't really like target retirement allocation funds because the fees are higher, and you can build your own allocation cheaper if you put in the effort. I'm only writing this since I figure most people in this sub have enough interest to build their own asset allocation. +6. He praised index funds for their low cost and market performance. + +Anyway, it was a lot of good info that he crammed into 5 days. I thought it was an interesting class so hopefully these pointers help someone out! + +Edit - I mentioned the teacher gave us a reading lists, and someone asked for it. Here is the recommended reading list that the teacher gave us in case anyone wants to do more research. It's a lot more extensive than I thought and he even categorized them. + +Periodical Reading List: WSJ - Read selectively (only important stuff), Barron's, Economist, NYT Business Section Sunday Edition, Financial Times. + +For Social Security: Get What's Yours (Revised and Updated) by Laurence Kotlikoff etc (only putting first author name) + +Psychology: Thinking Fast and Slow by Kahneman and Mindset by Dweck (he said Bill Gates recommended Mindset) + +Statistics: How to Lie with Statistics by Huff and Mindware - Tools for Smart Thinking by Nisbett (he said Gates recommended Mindware). + +Beginner Reading List: + +1. David Scott's Guide to Investing in Bonds by David Scott +2. The Bond Book - Everything Investors Need to Know About Treasuries, Muncipals…(very long title) by Annette Thau +3. The Future for Investors by Siegel +4. Dividends Still Don't Lie by Wright +5. Intelligent Investor by Graham +6. Investing for Dummies by Tyson +7. Random Walk Down Wall Street by Malkiel +8. All About Index Funds by Ferri + +Intermediate Reading List: + +1. The Little Book that Beats the Market by Greenblatt +2. The Art of Asset Allocation (long title) by David M Darst +3. Invest Like the Best - Using Your Computer to Unlock the Secrets of Top Money Managers by O'Shaughnessy +4. Warren Buffet and Interpretation of Financial Statements by Buffet and Clark + +Advanced Reading List + +1. Graham and Dodds Security Analysis - Fifth Ed by Cottle, etc +2. Global Investing: The Professional's Guide to the World of Capital Markets by Ibbotson etc +3. Investment Analysis and Portfolio Management by Cohen. +I was doing some research on what analysts of years past said were the worst stock picks of previous years. I decided to do some performance analysis of these picks. + +In 2012, a financial [article](https://moneymorning.com/2012/12/31/the-best-and-worst-stocks-of-2012/) wrote that these were the 5 "Best" stock picks of the year: + +**PulteGroup Inc (PHM)** \- It's had some volatility but overall has grown by about 180% in 8 years + +**Sprint (S)** \- Pulling data is hard but it appears that Sprint was pretty volatile but overall had a nice run, then a decline, until it was bought at 280% above its 2012 price + +**Whirlpool Corp (WHR)** \- It had some volatile growth but is currently sitting at 99% growth from its 2012 price + +**Expedia (EXPE)** \- It had a nice period of a lot of growth but COVID hit it hard. It's now sitting at 59% up from its 2012 price + +**Bank of America (BAC)** \- It grew quite a bit for a while but it hasn't fully recovered from COVID yet. It's currently up 135% from its 2012 price + +**If you had invested $1k in the 5 "Best" stocks of 2012 at an even distribution (and HELD), you would now be sitting on about $2500, or over 150% growth.** + +Now let's see what the "Worst" stocks of 2012 were: + +**Radioshack (RSH)** \- Sold in 2015 having lost effectively 100% of 2012 value + +**SUPERVALU Inc (SVU)** \- Immediately experienced a 3 year 500% run-up, fell, then was sold in 2018 up 62% from 2012 value + +**Apollo Group (APOL)** \- Sold in 2015 at 50% less than its 2012 value + +**Best Buy Inc (BBY)** \- Almost immediately after the author hit send, this stock had an eight year run-up. It is now up 900% the value it was in 2012 + +**Advanced Micro Devices (AMD)** \- It took a few years but eventually had a run-up over 3400%. AMD, everyone. This was among the "worst stocks of 2012. + +**If you had invested $1k in the 5 "Worst" stocks of 2012 at an even distribution (and HELD), you would now be sitting on over $9000, or over 800% growth.** + +If you had taken all that many and just bought VOO in 2012, you'd be sitting at about **145% growth.** + +Of course, AMD is the real diamond here. Without it, this outcome would look different. + +**But even if we remove AMD, the other 4 "worst" stocks would have seen 140% growth.** + +**What does this all mean?** + +I think it means you shouldn't *necessarily* overlook "bad" stocks. Of course, do your due diligence. And definitely don't invest all your eggs there. But conversely, don't ignore picks just because someone tells you to. It might be worthwhile to keep a few "bad" eggs in a small basket of your larger portfolio. You never know what will come roaring back in five to ten years. +DRS YOUR SHIT PEOPLE. If this ftx thing has made anything clear it’s that you can and will be fucked by companies if you don’t actually own your securities. Period. They have made so much money for so long selling the promise of products but it is all crumbling down. Do you want to be sure you own what the balance sheet says you own? I do. 100% DRSed and always will be. + +I know it can be confusing or scary to move out of an established broker but there is a lot of great info on this sub. I can personally attest to how easy and secure it is to transfer to computershare. If you haven’t for whatever reason at least think about it +https://www.cnbc.com/2020/08/27/walmart-is-teaming-up-with-microsoft-on-tiktok-bid.html + +Walmart confirmed it’s teaming up with Microsoft in a bid for TikTok. + +TikTok is nearing an agreement to sell its U.S., Canadian, Australian and New Zealand operations in a deal that’s likely to be in the $20 billion to $30 billion range, sources say. + +In a statement, the big-box retailer said TikTok’s integration of e-commerce and advertising “is a clear benefit to creators and users in those markets.” +First these projections are in no way done in conjunction with GameStop or anyone connected to the company. They are done by a bunch of Wallstreet idiots the same ones who have leverage at an unsustainable level and thought GME was a failing brick and mortar store. GME is also investing a ton of money in infrastructure we've seen the new distribution centers, new customer service centers, new talent acquisition, and thats not including the NFT side of things. So when Wallstreet idiots fail to account for the long term because they can't see past the next few months don't be surprised. Trust RC, Trust the process, HODL, AND DRS!!! +[https://fortune.com/2022/06/16/cryptocurrency-peg-stablecoin-japan-yen-jgbs-yield-curve-ycc-terrausd/#:\~:text=The%20peg%20in%20question%20is,broader%20economy%20and%20support%20growth](https://fortune.com/2022/06/16/cryptocurrency-peg-stablecoin-japan-yen-jgbs-yield-curve-ycc-terrausd/#:~:text=The%20peg%20in%20question%20is,broader%20economy%20and%20support%20growth). + +Last month’s [collapse of TerraUSD’s stablecoin](https://fortune.com/2022/06/08/citibank-terrausd-luna-collapse-hit-crypto-market/), which promised but failed to maintain a fixed exchange rate to the dollar, heralded the beginning of what may be a new ice age for digital assets.  + +Now another currency peg looks set to fail. Only this time it could vindicate crypto bulls, as confidence in a traditional central bank appears to be evaporating, with potentially ugly ramifications for Americans.  + +While Bitcoin bulls are nursing losses as the original cryptocurrency plumbs [depths not seen since December 2020](https://fortune.com/2022/06/15/bitcoin-bear-market-enters-deepest-and-darkest-phase-hodlers-back-off/), the Japanese yen has fallen even further, marking 24-year lows versus the greenback.  + +The peg in question is the Bank of Japan’s self-imposed ceiling on the benchmark 10-year government bond that restricts the yield investors earn to no more than 0.25%. This helps pin down borrowing costs across the broader economy and support growth. + +Should bond vigilantes dump their holdings overboard in a sign of their dwindling faith, the BoJ steps into the void to buy up excess supply with the help of freshly created yen. This exerts downward pressure on the yield, pushing it back below the central bank’s target level. + +The technical term for this is yield curve control\*,\* but the mechanics are not much different to maintaining a peg—a line is marked in the sand with the implicit warning to speculators that it will be defended at all costs with the full force and power of the issuer, in this case the BoJ. (The practice may soon be introduced by the [European Central Bank](https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220615~2aa3900e0a.en.html) to help Italy fend off bond vigilantes of its own.) + +“We do think that the BoJ will be forced to capitulate at some point,” Russel Matthews, senior portfolio manager at hedge fund BlueBay, told Bloomberg Television, justifying a “[sizable short](https://www.bloomberg.com/news/articles/2022-06-14/hedge-fund-bluebay-is-shorting-japanese-bonds-until-boj-breaks)” on Japanese government bonds.  + +## ‘Between a rock and a hard place’ + +While the foundation behind TerraUSD [burned through](https://fortune.com/2022/05/16/luna-foundation-guard-dumps-bitcoin-reserves-terra-usd-peg/) almost its entire reserves of Bitcoin in a failed attempt to prop up its fixed exchange ratio, the BoJ can in theory print unlimited amounts of money to cap yields on government debt. + +Now it appears speculators are set to test its resolve much the same way they attacked TerraUSD, eventually sending South Korean creator Do Kwon’s stablecoin into a death spiral from which it never returned. + +“The bond market appears to be pricing in the chance of a collapse in yield curve control,” [wrote Jun Ishii](https://www.reuters.com/markets/rates-bonds/boj-ramps-up-bond-buying-defend-yield-cap-undermining-jawboning-2022-06-14/), chief bond strategist at Mitsubishi UFJ Morgan Stanley Securities, in a research note.  + +The unique problem the BoJ faces is that it can defend the peg by flooding the market with freshly created money, thereby sending the yen into a potentially uncontrolled tailspin, or it can defend its currency as an immutable store of value—but it cannot do both, and the market is forcing it to make a choice. + +“The Bank of Japan increasingly seems to be caught between a rock and a hard place,” [predicted NN Investment Partners](https://www.nnip.com/en-INT/professional/insights/articles/the-bank-of-japans-yield-curve-control-strategy-is-coming-under-pressure) senior economist Willem Verhagen before the peg was tested this week.  + +## Tensions running high + +That is, unless it picks a third option—and this is where risks emerge for America’s economy. + +Given Japan’s role as the largest foreign owner of U.S. government debt, with an estimated [$1.3 trillion in reserves](https://www.statista.com/statistics/246420/major-foreign-holders-of-us-treasury-debt/), the dollar could come under pressure if Tokyo starts liquidating its holdings to prop up its own currency. + +“Tokyo could intervene if the yen slides below 135 to the dollar and starts going into a free fall. That’s when Tokyo really needs to step in,” [said Atsushi Takeda](https://www.reuters.com/markets/currencies/japan-edges-closer-intervention-yen-after-rare-govt-cbank-joint-statement-2022-06-10/), chief economist at [Itochu](https://fortune.com/company/itochu) Economic Research Institute in Tokyo, last week. + +If it did, it would mark the Japanese government’s first intervention in currency markets [in over a decade](https://www.omfif.org/2022/06/japan-should-not-intervene-to-slow-the-yens-decline/). BoJ governor Haruhiko Kuroda is set to announce his plans tomorrow.  + +“Tension is heightening toward Friday’s BoJ decision,” Katsutoshi Inadome, a strategist at Mitsubishi UFJ Morgan Stanley Securities in Tokyo, [told Bloomberg](https://www.bloomberg.com/news/articles/2022-06-15/boj-expands-rates-defense-with-bond-buys-to-curb-futures-selloff#xj4y7vzkg) on Wednesday. + +A failure of confidence in one of the world’s premier central banks would vindicate crypto bulls who believe community-driven governance—of the sort found in the management of cryptocurrencies—can create better outcomes than can a small committee of unelected and unaccountable central bank policymakers. + +## Last man standing + +At its heart, the move toward currencies like Bitcoin started out as a reaction to central banks actively debasing their fiat currency by flooding the market with new money created at the touch of a button.  + +Called quantitative easing (QE), the aim was to counteract the deflationary effect from Wall Street repairing its balance sheet that had become overburdened by debt during the financial crisis. Effectively, central banks were levitating the economy through sheer will.  + +Speculation aside, the crypto bull run of the past few years was therefore an implicit message from investors they had lost faith in the powers that be and sought to unplug themselves entirely from the centralized finance system. Instead they would take ownership over their affairs by shifting to assets like Bitcoin, which MicroStrategy CEO [Michael Saylor](https://fortune.com/2022/05/11/bitcoin-whale-michael-saylor-defuse-fears-over-microstrategy-margin-call/) repeatedly argues is the hardest currency the world has ever seen.  + +On Wednesday, Deutsche Bank’s head of thematic research, Jim Reid, argued the BoJ peg is becoming increasingly expensive to maintain with the yen plummeting 20% in value since March: “They are becoming the last man standing on QE.” + +And while he views a capitulation by the BoJ as a low-probability outcome, it nevertheless poses a high risk for global interest rates. + +“It’s the first thing I look at every morning when I wake up,” he wrote in a research note.  +Over on PropertyChat \- holy shit [https://www.propertychat.com.au/community/threads/timing\-of\-gladstone\-sale\-htw\-says\-market\-picking\-up\-performance\-data\-say\-no\-foreseeable\-growth.31964/](https://www.propertychat.com.au/community/threads/timing-of-gladstone-sale-htw-says-market-picking-up-performance-data-say-no-foreseeable-growth.31964/) + +Going to post their text in case it's deleted: + +> Hi all! +As you may have read in another thread \- I'm just about to list **one of** my poison Gladstone properties for sale. I paid $600k for this at the peak in 2012, expecting around $330\-340k. +The general consensus on the PC forum is to sell and move on (opportunity cost, mental health benefit \+ no foreseeable growth prospects), although I just read HTW just came out with their new report, saying that the market has just started to pick up (although their predictions are 'gut feel'). +The market has been described as 'patchy'. +Vacancy on SQM has just dropped down from 4.x to 3.4&#37;, which is amazing. First time I've seen a 3.x in over 5 years! (it was at 12&#37; once!). +Would it be worth waiting 12 months before selling or just sell and moving on and up? + +> +>**They are costing me $20k per year in negative cash flow** \- so they'd need to grow by say double that within 12 months. + + +This is their other post where they detail their other disastrous Gladstone property: [https://www.propertychat.com.au/community/threads/my\-investment\-journey\-a\-reset\-and\-re\-drawing\-of\-my\-plan\-at\-age\-40.29972/](https://www.propertychat.com.au/community/threads/my-investment-journey-a-reset-and-re-drawing-of-my-plan-at-age-40.29972/) + +> Step 2 (mid/late 2018) – Depending on the sale of Gladstone property 1, sell Gladstone property 2 (the weaker one). Bought for $530k (2012) , should sell for $270k. Cash flow improvement of $20k again, left with a \-$200k loan. + +Massive loss across two properties. + +This is just the tip of the iceberg for Australia. So many speculators out there holding shit like this hoping it'll go up, hoping they'll get their cash back. + +A $600K property at peak now worth $330K isn't going to increase back to $600K anytime soon... or ever. +As the title suggests, I read that central banks want to make their own coin. + +It obviously angers me and we should all not only refuse to adopt the coin should they create it, but we should demand they not be allowed to make one. + +They’ve been getting by making free money every time they print fiat currency for any nation. Ever since people stop trading shit for other shit and started trading money for things central banks have been ripping everyone off. + +It’s funny because at first they acted like crypto was never going to be a thing, then they wanted a piece of the action, and now they want to control it again. I say hell no. + +I’m sure somebody’s gonna tell me to calm down, and they’ll be right, but i’m passionate about stuff like this when it comes to putting the power back in the peoples hands +The last ~24 hours may have been chaos if you tried to participate in the Digix crowdsale. The FOMO was strong, the cap was looming, there were unexpected issues, blah blah blah. You can blame anyone you want, but it doesn't fix the real core issue: people were NOT prepared. + +So, instead of waiting until the next big thing launches to FOMO-fart so hard you launch to the ceiling & hit your head and come crashing down, prepare yourself now. Blaming after the fact doesn't solve anything. + +## Research and make an investment decision FIRST. + +This means do your research about the company, the DAO, the contracts, the sale itself, etc, NOW. Stay abreast of ongoing developments via the slack channels, reddit, gitter channels etc. Ask questions. Get answers. + +Decide how much you want to invest BEFORE the chaos ensues. Make that decision and stick with it. Of course, things may impact your decision, but you can plan for these as well. Say, I will invest 100ETH into the sale. IF the sale reaches $50m, I will invest another 100ETH. + +## Get your flipping ETH off an exchange and into a wallet your control + +One of the more common issues were people who store their funds in an exchange. The only funds you should have on an exchange are those in which you are actively trading. If you plan on investing any ETH into a sale, these should be **in a wallet you control.** Preferably, *before* the token sale starts. ;) + +Due to the nature of token sales, the best place for these are in the [official Ethereum Wallet client](https://github.com/ethereum/mist/releases). There are a ton of tutorials on how to download, install, troubleshoot, and get your Ethereum Wallet running. There are answers to every question you have on reddit and stackexchange. Use Google or ask for help. Do this **now**. It will take a couple days to sync. It will take a couple days for you to become familiar with the interface. Set up a new account. Send some tests to and from the account. + +**IF** for some reason you absolutely cannot use Ethereum Wallet, we at MyEtherWallet.com will be providing an interface similar to the Digix interface for you to participate in the Slock.it (and probably other token sales). Again, you should move some test funds to a wallet on MyEtherWallet. Receive some ETH. Send some ETH. Familiarize yourself with the interface and become comfortable. Do you research on us, too. In fact, research everything. You should be comfortable and confident in where you store your ETH. + +## Make sure you have backups of all your accounts! + +Regardless of where your ETH is, **you need to have backups of these wallets in multiple places, in multiple physical locations.** + +- [Here is how to backup your Mist](http://ethereum.stackexchange.com/questions/946/how-to-backup-mist-wallets/1981#1981). + +- [#2a covers how to backup your MyEtherWallet](https://www.myetherwallet.com/#help) + +## So, where should I get help or stay up to date? + +**[The Slick Slock.it Slack Channel](http://slack.slock.it:3000/)** + +The Slock.It Slack channel is *full* of amazing community members who are so helpful. There are over 3000 members and the discussions are not limited to Slock.it. It's a great place to hang out and the Slock.it team, especially rockstar Community man Griff, are around seemingly 24/7 to answer the same questions over and over again. I recommend Googling, searching reddit, or even just scrolling up in the Slack channel, but if you really need your hand held, 3000 people are there to hold your dainty little fingers. + + +**Reddit (DUH!)** + +Obviously, reddit is also an amazing place to hang out. I recommend setting up a multireddit with all the Ethereum-based subreddits that suit you. [Here is mine to get you started](https://www.reddit.com/user/insomniasexx/m/all_ethereum) + +**[The Ethereum StackExchange](http://ethereum.stackexchange.com/)** + +Also a great place for more technical questions. Google will often lead you here, but don't forget, you can sign up and ask your own questions. Do be mindful that your questions should be [stated clearly, with proper grammar, and include all necessary information](http://stackoverflow.com/help/how-to-ask). Please avoid, "help me im stuck and teh world is ending" questions. A big THANK YOU goes out to the amazing StackExchange moderators: /u/Souptacular, /u/mids106, *eth* and /u/5chdn + +**Gitter** + +Most Ethereum developers are on the gitter channels. + +- [Welcome](https://gitter.im/ethereum/welcome) + +- [Mist](https://gitter.im/ethereum/mist) + +- [Geth](https://gitter.im/ethereum/go-ethereum) + +- [EthereumJS](https://gitter.im/ethereum/ethereumjs-lib) + +- and even third-party projects like [Oraclize](https://gitter.im/oraclize/ethereum-api) + +There are a *ton* more gitter channels, too. Maybe someone will post their favorites in the comments. + +I think that just about covers it. I'm sure you'll call me out on any mis-information or things I missed. Feel free to ask questions in the comments. +This year is rapidly coming to a close, so I'm going to make some bold predictions ahead of the new year. + +* Over the next few months the market will recover with BTC around 8,000 to 10,000. BAKKT will be ultimately underwhelming, just like Blockchains, LLC. Good stuff, but it will take longer to get any real traction. Prices aren't going to go through the roof overnight. + +* In early to mid 2019 certain projects built on Ethereum will start to gain a small mainstream following...think BAT, games built on Loom, etc. People will start talking about how ETH has matured and may be useful beyond digital cats. + +* In 2019 we'll see lots of long-anticipated Ethereum based projects come to completion. However, I doubt that they will initially see lots of mainstream use. Ex. Augur and iExec mainnets released this year and saw lackluster use. + +* DAI will become a more prominent stablecoin (think top 20 by mkt cap) and see preferred use to corporate issued stablecoins. + +* In 2019 we'll begin to see dozens of established companies start talking about interacting with the public Ethereum chain. The results however will probably be seen in 2020 and beyond. + +* Staking/Sharding will come sooner than most people are anticipating. Development is speeding up big time. We'll have these improvements live on the mainnet before Q4 2019. + +* ETHBTC ratio is going to rise rapidly over the next few months. The Flippening of BTC is a very real possibility in 2019. We could see ratios as high as 0.30. ETH will probably drop back to #2 late 2019 as BTC picks up steam for the Q1 2020 halving. + + +Agree? Disagree? What are your 2019 predictions? + + +Most traders lose money trying to outsmart the market, if you just invested a big amount or if you are implementing DCA, remember why you bought ETH in the first place and you'll be fine just holding, this is normal. Investors like me have endured going from 1.3 to .7, from 20 to 7 and I'm not afraid of going from 53 to 30 (if so), because, as you can see, the trend is upward... for a reason. + + +Maybe next time will go from 100 to 60 and then from 200 to 150, who knows, the thing is that the fundamentals of this investment couldn't be stronger. There's no one at ethereum's level, having by far the biggest network of blockchain developers was not an easy goal to achieve and is yet to pay off when the whole project is complete and users start coming in mass even if they don't realize it. Plus the fact governance is excellent, ETH is the entrance for its plataform's ICOs, slowing inflation, ETH demand to stake under PoS, no more controversial hard forks, better decentralization than bitcoin, being the backbone for the coming trillion sensor IoT, among other things just make it better. + + +So if you are selling I'm very happy to buy from you, and after trading bitcoin since 2013 until I sold it all in 2015 I've learned not to be greedy and just trust a good decision from seed to flower. Ethereum is realizing Satoshi's blockchain tech dreams and according to google trends it's nowhere near bitcoin and just starting... +I was a fool not to invest in Bitcoin when I had a chance and spare cash 2 years ago, but it seemed like a bubble, and I didn't want to risk losing money. I thought that a digital currency that is not backed by gold had no value at all, and boy was I wrong. Watching Peter Schiff's anti-crypto propaganda was a huge mistake tbh. + +&#x200B; + +I changed my mind after I read Satoshi's white paper and understood the basics of crypto. I can't say that I've become a 100% crypto optimist, but investing in Bitcoin is what I need now. I know that paper money continues to lose its value because of manipulations with supply and rates, and it's not good. I'm the only breadwinner in the family, and I can't lose my savings now. Everyone here needs my support, so I can't just sit and wait for divine intervention. I'm ready to invest approximately $2000 now. A big sum for a guy who lost his job 3 months ago. + +&#x200B; + +I've already opened a [free SpectroCoin Euro IBAN account](https://spectrocoin.com/en/invite?referralId=1664362034), but I don't know what to do next. I have no sufficient experience in investing or forex trading, especially with crypto. When is the best time to invest? How much should I invest at once? I'm really confused because I can't find any comprehensive guide on the internet. It's full of suspicious links to scams and deceptive offers. One of my friends told me that forex brokers usually help beginners and create investment strategies for them. Not sure, but the majority of them still don't mess with the crypto field. It seems this subreddit is the only place I can turn to for some practical info. + +&#x200B; + +So my question is, what's the best way to understand crypto investing? What would you recommend to a beginner like me? + +Thank you in advance for any help you could offer. +In a recent interview Jack Dorsey said that despite the ambitions of Square and Twitter, his real passion is building on Bitcoin. I'm not saying people can't have multiple things going on in their lives, but certainly you can spread yourself too thin and lose focus. + +&#x200B; + +The same thing with Elon Musk, he seems very occupied with being a social media star when he's running like a half dozen companies. If I were to quiz him on the financials of Neuralink, how much would he really know? How can you dedicate all the necessary time in your day for all of these projects? +As an example I saw TOMO chart start to move higher rapidly yesterday and I thought it was a good buy opportunity but I didn't act on it because it didn't beat its all-time-high. I was wrong, and all-time-high wasn't a factor here and this time. Today, I had missed that opportunity and TOMO had gone up by a lot more. +The question is if there is a few hundred percent upside move potential for an altcoin in the next few days, how do identify it in the beginning? Do you have a formula? For example, if an altcoin jumped up 10% in 30 minutes after it has been down or not moving for a while? Do you have a formula that actually works most of the time? +Do you act on major crypto news? If so, what are your sources you regularly check? +Thank you, +BPT - Blockport Token is the utility token used by the Blockport Exchange + +&#x200B; + +Blockport is an exchange that gives you the simplicity of CoinBase (Buying crypto currencies with credit cards, bank account, etc.) with the added security of allowing you to keep your private keys, it's a decentralized/centralized hybrid exchange with social features like copy-trading. + +&#x200B; + +BPT like BNB (Binance Coin) will also be used to pay for listing fees so if a project wants to list their coin on Blockport they have to buy BPT this is why Binance Coin has increased so much $12+ in a bear market the same will happen with BPT. + +&#x200B; + +Blockport has an STO at the end of this month, much of the funds will be used to buy back BPT + +&#x200B; + +Blockport has already expanded to 100 countries and the US will be added soon, + +&#x200B; + +The supply of BPT is only 50 MILLION as opposed to 141 million, that means BPT can go higher than BNB in value (20-40+) + +&#x200B; + +The market cap of BPT is < 4 million that means it has a 50x opportunity, many projects will start listing soon, do the math. + +&#x200B; + +What do you guys think? +I am not an economist. I did my two years of micro & macro econ for my poli-sci degree years ago, and continue to read various texts, but I wouldn't consider myself an expert. Like many, I have been considering several foundational economic questions for the past couple of years, and I have found myself a at an impasse on one: + + There has been a great deal of consternation for the past year about the US federal deficit/debt. The growing talk of the necessity of government austerity has me wondering why, at this moment, federal debt is at all relevant. Let us say, I could wave a magic wand and cut the national debt level by 50%, what tangible benefits would this have? Traditionally, it would lower government borrowing rates and boost confidence in the government bond market. However, current bond rates are near historic lows -- with 10yrs bills currently around 3%. Additionally, a lower debt/deficit level would allow for a reduction in federal tax levels. However, current tax levels are, again, near historic lows - with individual top and middle marginal rates at some of the lowest levels in the past 90 years, and effective corporate tax rates at a lower level when compared to other highly industrialized nations. Certainly, there are long term concerns regarding the debt level; however, why -- with growth very low and unemployment high -- should this be a concern now? + +At this time, I don't see how debt/deficit reduction would add any capital to the system, increase growth, or ameliorate unemployment. Conversely, I can easily see how a reduction in government services and spending would negatively impact all of these things in short term. I am sure there is some cogent argument to be made for immediate deficit reduction; however, I can't see it. At this point, I am left with the idea that talk of austerity has more to do with ideology then with actual economics. What have I missed? +I read this [one.](http://www.amazon.com/Crisis-Economics-Course-Future-Finance/dp/1594202508/ref=sr_1_1?s=books&ie=UTF8&qid=1294533586&sr=1-1) + +OK thanks everyone! +I purchased: +"The Ascent of Money: A Financial History of the World" +Niall Ferguson +"Globalization and Its Discontents" +Joseph E. Stiglitz + "The Shock Doctrine: The Rise of Disaster Capitalism" +Naomi Klein + +XRP being hailed as a scam has been pretty much a primary battle cry on here since the coins inception. + +When XRP crashed to $0.20 a few months ago this sub was simply elated. I knew they were wrong then (and I made a post about it)—and today obviously shows how wrong they were. + +A lot of XRP holders lost a lot of money when they sold the bottom because of this subs idiotic tribalism. + +XRP isn’t going anywhere—and this was evident as soon as it was clear that XRP was fighting the lawsuit and not caving to a settlement. You should have bought the dip. +(temp account) I can't really tell anyone else this so I am telling all you kind folks who have given great advice over the years. I finally hit 1M in combined 401k and stocks, almost a split right down the middle between the two. + +I have 5 years left on the house mortgage and am so tempted to pay it off early but I will listen to the data driven advice and keep the debt since it is a pretty low rate ( under 3%). + +I am hoping to retire in about 10 years (which seems a long way away right now) and a goal of 2M which I think I can get to since when I pay the mortgage off it will free up a significant portion of income to invest for the next 5 years. + An alternate option would be to buy an investment property when my current house is paid off but unsure if I would rather have that or more cash. Any opinions here? + +I also have kids who are older (in college) but the wife wants to continue to work when I retire so I am lucky + for that and she will provide the medical benefits. + + I just wanted to say thank you all for the help and keep plugging away! +Would you tell everyone how much money you have in your bank account? Wouldl you tell folks on social media that you just bought $20k worth of stuff to brag? Stop doing this for the upvotes. + +Come on guys, what the hell is going on in this Sub? + +RULE NUMBER ONE: + +NOT YOUR KEYS NOT YOUR COINS + +RULE NUMBER TWO: + +DO NO TELL ANYONE YOU HAVE BITCOIN! + +Look at the end of the day, all of us here are excited for you to realized all the good and wonderful things Bitcoin can bring to help you out. + +I think if you have 1btc or more, you have basically won the SLOW LOTTERY. It might not be wealth and riches now, but it will be soon. + +Read this, it's what happens when you win the lottery and all the consequences that come with it. +https://www.reddit.com/r/AskReddit/comments/24vo34/whats_the_happiest_5word_sentence_you_could_hear/chb38xf/ + +Guys, friends, whole and part coiners, calm ur tits. +From inputs.io homepage: + +Two hacks totalling about 4100 BTC have left Inputs.io unable to pay all user balances. The attacker compromised the hosting account through compromising email accounts (some very old, and without phone numbers attached, so it was easy to reset). The attacker was able to bypass 2FA due to a flaw on the server host side. + +Database access was also obtained, however passwords are securely stored and are hashed on the client. Bitcoin backend code were transferred to 10;15Hd@mastersearching.com:mercedes49@69.85.88.31 (most likely another compromised server). + +What about my coins there? If you stored more than 1 BTC, send an email to support@inputs.io with a Bitcoin address (preferably, an offline, open source light/SPV wallet like Multibit or Electrum). Use the same email you're using on Inputs. Please don't store Bitcoins on an internet connected device, regardless of it is your own or a service's. + +I know this doesn't mean much, but I'm sorry, and saying that I'm very sad that this happened is an understatement. +What are your thoughts on using your savings for purchasing a more expensive house (your savings would go towards the down payment) as opposed to investing in stocks? + +I've read conflicting material on the internet as to which has the better yield. It definitely depends on where you buy a house (assuming a 10-20 year window). Stocks generally seem to have better yield, but the important part is that purchasing a house is also an investment (and not necessarily an expense). + +But the major benefit of purchasing a more expensive house that I think is overlooked is that you're benefiting from your investment as soon as you purchase, because you're living in it. With stocks, you're not benefiting from your investment **until** you sell your stocks (or you only get a small percentage annually as dividends that you would benefit from). +Hello everyone 🙌 I'm moving with my family to UK with a working class visa and earning 150k annually between both. We would like have 2 more children, foster care and eventually adopt (we love being parents and would like to help as many children we can) but this is a decission that needs to choose one place to stay at least 3 decades and we are not going back to our country, so besides settling physically in one place I would like to know if financially is a good decision to choose UK for these goals, so I don’t waste more years doing the residence path and just move out again in the next 3 years. + +Thanks in advance. (Sorry for any wrong expression or misspelling I’m not a native english speaker) +There are some red flags that people should consider before voting for slock.it's proposal. + + +-Slock.it want to rush their proposal ( no reason given) + +-Slock.it refuse to be transparent about their spending ( no reason given) + +-Slock.it community manager is misleading DAO token holders and spamming everywhere how slock.it is amazing. + +-Slock.it does not describe its project accurately and uses fancy words like the universal sharing network to influence people's decision ( which is just an app that list EC enabled device) see https://np.reddit.com/r/TheDao/comments/4jsrgw/is_the_universal_sharing_network_just_a_dream/ + +-Slock.it have ignored many important questions on this forum as well as TheDao's official forum. https://forum.daohub.org/t/slock-it-proposal-1-discussion-thread/539 + +If a proposal with so many red flags get to receive millions from the dao this sets a really bad precedent for future proposals and theDao's reputation as a whole. + +Some people here think it's ok to give them whatever millions because they build thedao, i strongly disagree with that kind of reasonning.. We should be as selective with slock.it's proposal as any other proposal. TheDao is a very new concept and the first decisions will ultimately be the most important ones. + +I am astonished by the generosity of the Omise_GO team, what a great idea to support Etheruem network and it's investors. &nbsp; + +Now SingularDTV & Golem will re-airdrop OMG to their tokens investors despite they didn't raised that much in compaire to other projects. This shows how committed they are to the ethereum community , to it's investors and to the ethereum network. &nbsp; + +&nbsp; + +What i worried about., is that we didn't hear anything from others Teams/Project who raised much more ETH then Omise_GO & SingularDTV & Golem, (https://icobazaar.com/list) : &nbsp; + +&nbsp; + +Status Network : 275,814,878.06 USD &nbsp; + +Bancor &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp; : 133,639,099.20 USD &nbsp; + +Aragon &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : 91,675,730.05 USD &nbsp; + +Gnosis &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : 82,629,855.83 USD &nbsp; + +TenX &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; : 67,372,000.00 USD &nbsp; + +Stox &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; &nbsp; : 49,855,280.00 USD &nbsp; + +Storj &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; &nbsp; : 48,258,440.38 USD &nbsp; + +SONM &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; : 39,469,820.06 USD &nbsp; + +.. &nbsp; + +.. &nbsp; + +OmiseGO &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; : 21,000,000.00 USD &nbsp; + +Golem &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : 8,596,000.00 USD &nbsp; + +SingularDTV &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : 7,500,000.00 USD &nbsp; + + + &nbsp; + +Maybe we should call out other teams through their sub to do the same ? &nbsp; + +Or at least vote for every re-airdrop news . &nbsp; + + &nbsp; + &nbsp; + +Edit: &nbsp; + +**I am happy to see Aragon will not keep airdropped OMG to themselves. see below** &nbsp; + +Just wanted to post a quick note to warn of an Ethereum wallet scam that is out there that my dad has been taken in by. + +After warning my dad to keep his funds in a wallet rather than an exchange, instead of using the wallet I instructed him to - he typed in to Google 'Best Etherem Wallet'. He then went ahead and clicked on the first paid link - +bestethereumwallet [com] + +To me this is obviously a scam site, knocked up in Wordpress but to my dad this appeared legitimate and he transferred 16ETH from Coinbase to the wallet that he thought he had created. + +It looks like a few more people have been stung but not to the same extent: + +https://etherchain.org/account/0x3e15dfe0338107b80d2bd1f2319387fa27ad7c52#txreceived + +If any of you are new to Ethereum please choose your wallet with care and do not fall in to the same trap as my dad. + +All the details of the site look to be fraudulent and indeed so do those listed on the domain registration but if anyone can think of a way to help locate these guys (not holding out much hope) please let me know. + +https://mxtoolbox.com/SuperTool.aspx?action=whois%3abestethereumwallet.com&run=toolpage + +Recommended wallets: +Ethereum wallet +Myetherwallet + +[Updated to break URL to offending site and provide recommendations of legit wallets] + + +[I read this article that got me thinking](https://thecryptoinn.com/acala-network-launches-ausd-polkadots-native-multi-collateral-stablecoin). + +There are so many stablecoins. Which one has the best shot at becoming adopted by the general public? FWIW I am only considering multi-collateral stablecoins for obvious reasons. + +Super keen to hear your thoughts! +I developed this thought a bit in the Daily Thread, but I thought it deserved its own post and associated commentary. Hopefully some of the more well-known cryptos will lend their expertise. + +Let's say there are three multi-billion dollar banks. Bank 1 is Citibank. Bank 2 is Bank of America. Bank 3 is CapitalOne. And the price of ETH is at $50 per ETH at the time of bidding. + +CapitalOne sees its ENS name (capitalone.eth) as worth $20 million. BankofAmerica sees its ENS name (bankofamerica.eth) as worth $30 million. Citibank sees its ENS name (citibank.eth) as worth $25 million. + +Each bids the amount above on their own name. Each bids $5 million on the other's names as well, assuming correctly that the competitor would gladly purchase its own name for millions above the $5 million, which would be a nifty profit if a bank got its competitor's ENS name. For example: Citibank forgets to bid, and BankofAmerica now owns citibank.eth for $5 million, and sells it to Citibank for $25 million. + +In this scenario, according to the ENS rules, each bank wins its own name for $5 million, due to $5 million being the next highest bid. + +They are happy. + +Six months (or whatever the arbitrary time frame is) go by and the re-staking process is occurring, requiring each bank to double their initial ETH stake. ETH is now worth $500 per ETH. However, since they originally staked $5 million back when ETH was $50 per ETH, (~100000 ETH in total), they now must re-stake ~100000 ETH. This means they are now re-staking $50 million dollars (raising their total "staking price" to $55 million) or they risk losing the name to a competitor. + +This would clearly be an unacceptable and unavoidable circumstance for all three banks. Intelligent strategists and risk analysts for each bank would rather coordinate through the EEA and communicate with the Foundation to avoid the unnecessary loss of millions of dollars. + +This loss could easily be avoided if the largest price increases (and financial investment by other EEA members) occur *before* the launch of the ENS. If ETH is at $500 when the original bids are made, and only rises to $600, or even $1000 by the time the re-staking period occurs, these banks will all save millions and millions of dollars. + +I am not saying the Foundation is influenced by the money. I am saying that they are influenced by wanting Ethereum to succeed, and keeping the support of all of these multi-billion dollar companies will help it succeed. + +This is an instance where the EEA (250 multi billion dollar companies?) will probably be able to communicate its needs and concerns with the foundation. Is it so terrible to delay the ENS until after POS/Casper/Raiden rockets the price sky-high? + +The only other way these losses could be avoided (other than delaying the release) would be to actually alter the code to reduce/change the squatting/re-staking rules. I believe the Devs would find this considerably more abhorrent than simply delaying the release date of the ENS a little bit... which would also give the opportunity to find more bugs (even if it is no longer necessary and all bugs have been found.) + +I know it's pretty complicated but I tried to lay it out as best I can. + +These big banks and corporations aren't in the business of losing money for no reason. + +*Predictions:* + +1. Delaying ENS until after large price rises have occurred as a result of institutional investment and developments in the tech (Casper, Raiden, etc) will save EEA members millions and potentially billions of dollars. +*The ENS will be delayed until after the major Ethereum tech updates are complete.* + +2. The longer the ENS is delayed, the more it indicates that the EEA and other large investors believe the price will eventually be incredibly high in comparison with today's price. +*The price will be very high relative to today's price (~$50 per ETH) when the ENS is released.* + +3. The large period of institutional investment will stop or decrease substantially after ENS is released. +*The price will remain stable or decrease for the short to mid term after the release of ENS.* + +I'm taking a pretty firm stance on this one as an actual prediction based on analysis of the technology. This is not a troll post nor associated with the time traveler type stuff in any way. + +Please share your opinions, analysis, name-calling, questions, etc. I see this is as literally the most bullish indicator of the ETH market. + + + + + +Edit: Banks' domain names were bought and sold for the tens of millions in the 90's and early 2000's. The numbers in this analysis might seem large to younger people who didn't see the headlines back then, but I do not see these prices as being unrealistic. +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! + +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 isn’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 😂 +Long story short, got a 60 quid parking fine for parking in my own private spot but not having my ticket on display. + +Emailed them and they’ve basically said they don’t give a fuck that I live there you need to display a ticket - https://imgur.com/a/P8JPj2d + +Realistically is there any way out of this or am I pretty much screwed? + +Link to original post. + +[link to previous post +](https://www.reddit.com/r/UKPersonalFinance/comments/ljljs0/scottish_widows_held_on_to_matured_endowment_for) + + +So, an update. My parents wanted to.make a co.plaint, but also wanted to wait until they had the money to do so. + +They received the money today. + +However the amount they received was roughly £6000 less than the amount quoted to them on the original letter. + +My dad rang up and they were told it was typo on the letter. So he made a complaint then. + +Any other advice for them? + +What can they do? Anything? +I'm currently trying to cut down on my eating out budget, but find myself having cravings for things that are difficult to make or I have not had exposure to cooking growing up. Think along the lines of Chinese soup dumplings, Vietnamese banh mi, Indian and Japanese curry, traditional Korean dishes etc. My girlfriend and I have even tried going to local Asian supermarkets and trying to cook some of the food ourselves but it never tastes the same. We try to cook most of our meals and when we do go out it is usually to more reasonably priced options but when cravings hit it's hard to substitute them with anything. +So I’am 18 and I’m currently working at this Italian Takeaway. My job is to take orders manually with the phone, I receive many orders from WhatsApp SMS Facebook and Instagram. It is quite stressful, my boss is fully Italian and he always shouts and scream all the time. I get paid £5 an hour even though I am 18 and I really don’t know how to ask for an increase. But Last week I tried Deliveroo with my bike and I found it quite good and more relaxing as I do not have any kind of pressure not like like at the takeaway as soon as I do a small mistake my boss start shouting and swearing. With deliveroo it really depends on how busy it gets but averagely for 3/4 hours of work will be around £15/25 on week days but Friday and Saturday even more. I am looking to stop working for this takeaway and instead working for deliveroo. +Advantages for working for deliveroo are I can work anytime and any day without following strict hours ( I work 5-9 everyday except for Sunday for the takeaway right now), possibly more money if it gets busy. +Disadvantages might be that when is raining it’s a bit of a problem but i can solve it I guess. When it’s not busy I could end up earning only £5 in one day???. Can’t think of any other disadvantages. + +So I wanted to ask if I quit my job at the takeaway and start working for deliveroo might be a good choice?? +I’ve always known I’ve not really done much but I’ve just realised this year that I’m still such a child. + +I’m currently a 24 year old student studying a masters degree. +My bank balance is currently £-1100 (student overdraft limit of £2000). That £900 is my rent until my next student loan. I get £30 a week from my 4 hour a week part time job. I have no savings. Can’t drive. No credit card, nothing. + +I’m so shit at being an adult. I don’t know how to get out this mess. I feel like getting a part time job with more hours is clearly step 1 but I’ll be leaving this city soon (3 months). I also want to start applying for jobs in my career around now so that’s another obstacle. + +The bank is gunna start charging me for this overdraft that I’ve now had for 3.5 years around September time. + +Does anyone have any guidance as to the steps I could take to get myself back on track? What’s step 1 from here? Thank you for any advice. +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? +So you woke up this morning and you're portfolio showed nothing but red, maybe a few green sprinkled here and there. Maybe you feel like no matter how many hours of DD and work you put in everyday, nothing seems to work. There is no need to feel bad today, everyone is going through what you are going through right now. Today is not the day to panic sell and lose potential profits. Today is a day to take a break from constantly looking at stocks, this thread, stocktwits, twitter, and screeners. Today try learning something new, or start a new TV show or watch a movie, or call up some friends or family you haven't spent time with lately. Just do something today that doesn't keep your head wrapped up in the market. It is really easy to start stressing out about the market, but remember as easily as the market dips it rises as quickly too. You believe in the stocks you've invested in, they will pay off soon enough. Just let the market do its thing, have a great day y'all. +Absent the house and the commercial building we own for the business we are debt free. The idea of investing into a second home is enticing, but I hate the thought of feeling like the house has to be used and there's the opportunity cost of going somewhere else. + +So, those of you with vacation home(s) where and why? Do you suggest it? I generally just rent a VRBO, but a place near Napa or Santa Barbara could be enticing. +Particularly about how "stocks and assets have no intrinsic value; it's totally abstract and a popularity contest". This is wildly incorrect, and dangerous even. + +I'm new to this sub, but I have my degree in economics (which I though wasn't saying much) and it's really shocking how little people to seem to know about what they're doing and why. It's a recipe for disaster. + +I'm not saying the world is coming to an end or anything like that. Those people don't know what they're talking about, either. But be careful out there. This is your hard-earned wealth at stake. Try to make informed decisions, and don't listen to folks just because they got a lot of upvotes or tell you what you want to hear. +So I've recently put my daughters savings into premium bonds, over £1000. I previously put away £30/month but from yesterday, I've increased this to £50/month. My question is, do I continue saving up, then every 6 months (example) place it into PB account or do I save up 1 year(£600) and add £50/month for the next 10 years into shares/stocks? I want max returns, even if there's a medium risk. I wasn't blessed with anything from my parents, so really keen on giving my daughter a head start when she turn 18. + +What would you do? + +Best wishes +I know that ultimately “it depends” but I’m trying to make a life decision and I’d love some input. + +My wife and i have a long term goal of financial independence through real estate. I plan to start this with single family rehab and rent properties. + +I am an engineer by degree, but took a career detour to work in a non profit space for a season. It’s been great, but with 3 kids and the big 3-0 birthday behind me, I’m ready to focus intensely on RE. + +I have considered putting my engineering degree back to work to have a little more financial flexibility. I breathed this to a friend and he literally just had a job open on a team he leads in corporate engineering world. + +The work pace at the non profit is grueling if I’m honest, but the time is more flexible. The engineering gig would expect a more 8-5 schedule with less flexibility but I would get a significant pay bump. + +Essentials: + +As a newbie investor would you pick: + +Non profit: more flexible (NOT less total hours) and $73k per year. + +Corporate job: less flexible $90-95k per year with more upward income potential. + +I’d love thoughts from those who have moonlighted in RE investing to/towards financial independence. +I am looking to invest in my first rental income property and have been looking at New York City (Manhattan and other boroughs) and also San Diego, CA. Both cities seem to have a large demand for renters with high rents. I was wondering historically how real estate in general has performed between these two cities? The San Diego market seems very hot right now (SF Chronicle calls it 'the next San Francisco') and it has had some very consistent gains whereas NYC took a big hit during the pandemic. But NYC definitely seems like it is on the rebound now too. In the past has one market been preferable to the other in terms of retaining or increasing its value? Is there someplace where you can compare cities real estate performance side by side? By 'performance' I mean if the value of properties have remained the same, increased or decreased. Thank you for any help/tips/advice, much appreciated! +Rental property is in California with 2 investors residing in California and 1 in upstate ny. Likely going to contribute equally to finance the house. 1 (me) will likely help to fix up the house. 2 will likely want to use the house at some point. Any and all guidance welcome. +Hi. I currently have a 2.5 mortgage that I can refi to a new rate of 3.8 to take out enough money to pay for a property in its entirety. The mortgage for the new loan would be 3.875 The other option is to take out an investment mortgage at a rate of at least 5.5. So I’ll have my old mortgage and a new one for the investment property. +I'm about done with my current job and I'm thinking of resigning before having another opportunity lined up. I have enough cash to live comfortably for 9 months without having to tap onto some stock reserves. + +What are some of the things I should be thinking about to prepare for this? For example, what should I do regarding health and disability insurance? How to keep myself busy while waiting a potentially long time for a new job? I honestly don't know how long this might take since I'm looking for a remote-only opportunity (recruiters have been telling me they are not as common for leadership roles). +Crypto is at the end of the day a shared record ledger. That’s it. + +Regarding that other popular post, this doesn’t mean Ticketmaster can’t charge us ridiculous extra fees for facilitating concert ticket sales because they work with the people who own and operate the venue. Not the artists. + +This has nothing to do with centralization and it has nothing to do with the form of currency they’re ripping us off in. + +Crypto won’t solve asset seizure or sanctions. + +It’s not designed to help you evade your taxes. + +It’s not going to “dethrone” fiat currency because it’s not a competition. + +Crypto is a tool like the internet is a tool. It’s one component in a large machine and can be used to serve and to fuck us, usually at the same time. + +We aren’t going to replace governments with a crypto backed DAO because the problem corrupt governments isn’t that we don’t have a shared ledger. + +Anytime there’s a problem and you think crypto can solve it, consider what the problem actually is and what having access to shared record would solve with respect to that problem. + +Media blackout in your war torn country? Crypto doesn’t solve this. PayPal, gofundme, etc stopped processing your cash? Unless you can exclusively pay all your bills and be paid in crypto, it won’t help you there either. + +At the end of the day, remember what blockchain is. It’s a decentralized ledger. It’s a SQL database that everyone can see and no one can modify. Only it’s slower and consumes far more resources than a single SQL server. + +Unless the issue is ultimately rooted in ineffective record keeping, crypto doesn’t really solve it. +Every time I decide to put more money into the stock market, I get stumped on where to start. My question is always 'What stocks should I buy?'. Then, I just search for 'Best stocks for X' or 'Best stocks of Y' and end up on random Zacks and Fool articles. To be honest, half the time I just text my friends and ask them what they've been investing in. So time consuming! +Hi, + +As far as I know, if an ETF is domiciled outside of Germany and accumulating, then it's "Steuerhässlich", but I saw on another thread that this ETF is Steuereinfach, even though it's accumulating and based in Luxembourg. +https://www.justetf.com/de-en/etf-profile.html?pspc=true&columnValueType=savingsPlanReady&from=search&instrumentType=ETF&spc=2&isin=LU0392494562 + +So which one is it? Is it true that only accumulating ETFs domiciled outide of Germany are "Steuerhässlich"? + +Also, if during a year I only invest in Steuereinfach ETFs and I don't make more than the 801€ tax free in dividends, do I have to make a tax declaration at all if I'm not asked by the Finanzamt? (I'm a normal "Angestellter") + +Is the tax declaration ever "mandatory" when investing in ETFs? Or is it just to recover money that was taxed twice? + +Are the Steuerhässlich ETFs really thaaaat annoying to declare? + +Thank you so much! +Ich verstehe auch Deutsch :) +Hi guys, + +So I'm a 23 graduate who got lucky and got a graduate job and after first month I realized that my previous life style/ spending won't cut it anymore so here I am. I'm getting 3k a month(2400 after taxation and employer-sponsored retirement plan), My focus now is pay off all my credit card, overdraft money. I should be done with this at the end of July. Then I will be building my emergency fund and focus on paying off two loans i have ( one is 3.5k other is 7.5k) but then I'm not sure what to do as I don't want the money to be sitting in my account and just tempting me to spend on stupid stuff again. What are your thoughts ? I know for a fact I don't want to do any stock trading as there is a lot to learn about it and i don't have time to do it and even if I did, i probably mess it up one way or another. + +I thought about buying a house in my town and rent it out. As you can get a decent house for about 80k(including repairs to make it more presentable) and rent it for about 800-1000 a month, which seems like a good idea. Your thoughts ? + +One more thing, I probably will want to change my bank as i signed up to my current one only due to the fact they had a good student deal and a branch on campus so it was handy but now i want to look at all the options as it might not be the best one anymore, but I need advice on what to look at when deciding which one to pick as I got no clue at [all.](https://all.Is) Is it better to have only one account or multiple ones ? Also what are your thoughts at online banks like revolut and n26 ? As then seem good especially when I might need to travel abroad often due to nature of my work.(If there is any people here from Ireland what banks would you recommend ). + +&#x200B; + +Thank you for your help guys. +I'm a US-German citizen living in Germany. I have a fair chunk of change that's just sitting in my German checking account because I don't know where else to put it, but obviously I'd like to be getting some kind of return, even if it's just a point or two. + +My bank's (N26) savings account product isn't available to US citizens because of FATCA and I haven't had much luck with google finding options that may work. Anyone know of German/Euro high yield savings accounts that take US citizens? Or something else easy that would give *some* returns while keeping it fairly liquid (and in €)? +Not sure if it’s the right thread but here’s my situation: I work for an internet company and have the option to either move to London or Berlin. + +Since I don’t know much about both cities, I’m looking for people having done such a move and what are their pros/cons, what they like/miss about London or Berlin + +About myself: 29yo, male, single, into sports and culture, love good coffee, wandering around and going out occasionally. +Do bank in Europe really deduct eg. 0,5% of your money in bank account every year? Does it apply across entire EU and all banks? Do you have to have account in EUR or other currencies are affected too? +Hi, + +What is your research strategy when picking the next stock to sell/buy? + +Is there any specific website/journal that you look into? Do you use any analysis tool (if yes which data do you look for)? + +How long does it take generally for you to be confident to buy/sell a stock after researching? +I am an EU citizen but looking to buy a second property in South America. I can afford to pay this in cash but does anybody know what the best and cheapest way is to transport \~120k euros to Brazil? I have been looking at SWIFT transfers, transferwise, travellers cheques and putting cash in a suit case and declaring it to customs but not sure what the best way is - its my first time doing this. + + +Anybody have any advise +Hi all. Trade Republic suddenly notified me that “WisdomTree S&P 500 3x Short USD (IE00B8K7KM88) … is no longer offered for trading on our trading venue Lang & Schwarz Exchange.” + +I have 2 options, either keep it and do nothing (but I won’t receive price updates and can’t sell it) or transfer the position to a securities account at a third party bank if available. I don’t have another securities account. + +Does this mean I need to find another broker who does trade this, open an account, transfer this security, sell it, and then close the account? And if so, how would I find which broker is appropriate for this? I’m in Germany. I hope I don’t need to transfer my entire account. + +Many many thanks! +Everyone typically either recommends IWDA or VWCE, isn't TGET the same? And what I also noticed is that they have a TER of 0 which is amazing. So why isn't it popular? +I tried to find this info but haven't managed to do so. For example I know that for S&P 500 it's 9%. For some reason I can't seem to find this for VWCE even though it is quite popular here. +Hello, + +Let's say I am the owner of a company registered in country B and I am tax resident of country A. + +I do software contracts on the company, but take out no money from the company. + +Can the revenue (tax office) in country A make me pay any tax for the company in country B, on the basis that the work is carried from country A (I actually work on the contracts)? If so, how can they prove this? + +Thanks! +Hi Guys! Long time reader but I never posted it. + +I live in Ireland and investing here sucks due to complicated and high taxes especially on ETFs it is very hard to build wealth here. + +I do love living here but I'm seriously considering relocating at some point. + +Which country in europe makes it the easiest to invest? I obviously dont mind paying taxes on my investments but I want it to be fair and simple to do. + +Thanks! +It's my first post here. +I hope it's not a repetitive subject. + +Most of my family and friends socialize in shopping malls/restaurants. +I noticed that I would save more money during lockdown because all of that stopped. + +As the covid restrictions loosen up, I notice that I'm spending more again just to be with them. + +I work one full time job and one part time job. +Together, I earn 1.7 minimum wage in Portugal and it will be hard to save/invest if I maintain this habit. + +I cannot invite them home because I share a small flat so restaurants/malls have always been a great alternative. +Even if I invite just a few people to the flat, I hate charging them for the food. But on the other hand, I end up spending as much as in restaurants. +Plus, it would be more time consuming to shop/prepare the meals and clean up after. Time is something I do not have with my two jobs. + +Has anyone found creative ways to still budget and maintain dining out habits? +The only thing I can think about is to get a better paying job. But it has been so hard to find one. +I have some savings from my job salary in my bank account (10k net money). I want to send this 10k to my girlfriend's account who lives in Colombia. why? because the exchange rate EUR vs COP is at the highest point in history and I think if I have the 10k over there, in 3 or 6 months when this turbulence (coronavirus) is over and the exchange rate goes back to normal, I could potentially profit anywhere from 1k to 2k just by sending the money back to my account in EUR. + +I am very new in taxes...My question is: + +How will I get taxed on this? + +Will the government (France) see this 11k or 12k as income? And tax all of it? Even is I already pay taxes for my 10k savings... + +For me, it makes sense to be taxed only on the gains ... the 1k or 2k...but how to explain this? + +I hope you understand my question. + +Thanks for commenting +I have seen this statement a lot lately in this subreddit when people talk about how they made their money or how they are continuing to invest. To whom the above statement applies, how exactly are you “in” commercial real estate? Are you the sole owner, partnering with someone, hopping on someone’s syndication deal and silently investing along, doing syndications yourself? And what area of CRE are you in: multifamily, industrial, retail, etc? +I pay to use this Fintel service, so I can get accurate reporting (LOL) and the last reporting date has GME with more shares outstanding and a higher float than the previous reporting period, without issuing shares. + +[Here's the numbers](https://preview.redd.it/j0mwrjsddr181.png?width=1675&format=png&auto=webp&s=13abe9c6549af2a217486d538816c6704aeed8b6) + +As you can see, the float increased to 61.75 on 10-29 with shares outstanding being 74.22. The latest numbers are 61.75 float and 75.59 outstanding + +&#x200B; + +So I emailed them to ask about it and here's where they answer my question by saying they don't know basically + +[not an answer](https://preview.redd.it/9v6y93shdr181.png?width=1431&format=png&auto=webp&s=8ea72c9eb30ca21d286b9a0ff13afd88ff2ffc0f) + +Just another form of data that is made for retail that is not accurate. Oh bonus, check out the n/a %, looks like they can't calculate over 100% + +&#x200B; + +[here's the actual number of shares outstanding](https://preview.redd.it/huciogbgwr181.png?width=691&format=png&auto=webp&s=eea31483b343b85abd5eae703397fbb97df30a3e) + +Based on their last SEC filing this is how many shares they actually have outstanding.. so none of the numbers are correct? + +&#x200B; + +edit: to add actual number of shares outstanding +> “The store is becoming a shoppable fulfillment center,” Tom Ward, chief e-commerce officer for Walmart U.S., said in his first interview since stepping into the role. “And if the store acts like the fulfillment center, we can send those items the shortest distance in the fastest time.” + +> Walmart is leaning into two key advantages to drive its e-commerce business: its roughly 4,700 stores across the United States and its dominance in the grocery business. Ninety percent of Americans live within 10 miles of a Walmart store. +The site is a joke, it's an endless loop of pages that don't give any option for a refund. It takes you to the refund page, says to call, the number says go online to the refund form, the refund form says you can get a voucher or go to another page to get a refund, that page says to call. + +It is extremely infuriating and they cancelled my first flight, i rebooked for the same day at a different airport and they cancelled again a week later. Are they putting up flights they never intended on flying to get cash in and defer the refunds by not giving the option to refund? + +Edit: I booked with points so can't do a chargeback. Called the number again and selected a different option, 30 minute hold and then told to call customer relations instead? Going up to date whenever I get through to this other team + +Edit 2: All sorted now thank you everyone! Got through to a team that could help, if that didn't work i would have used the twitter route. +Hello everyone! I've talked to many people on this subreddit and it's crazy the diversity that is in this community. + +What do you do for a living? If you are self proclaimed successful, what tips do you have for newcomers that are starting to get into your field of expertise? + +p.s - hold onto your ETH boys! We're in for a heck of a ride. +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 am in economics this year and we will be playing the stock market game. Everyone will be giving $100,000 in fake money and are going to invested in a three month period. At the end of the three months will see who did the best I was wondering what you guys would think the best investment strategy with $100,000. Should I be risking it more because we’re playing it for a shorter amount of time? Or should I stick to just normal investment and see how it goes? I’m fairly new and I know very little about stocks. I know like the big ones I also know a little bit about meme stocks but I just wanted to know everyone’s opinion. Thank you very much for your opinion. +[DTCC Twitter](https://twitter.com/The_DTCC) + + +[Today I ask:](https://twitter.com/Jabarumba/status/1514533461885095941) If Citadel @citsecurities the market maker creates synthetic shares for Citadel Securities the hedge fund to short $GME #GME in an attempt to cellarbox $GME, and Citadel Securities the #DTCC member does not require locates for the shorted shares, then how is Citadel Securities required to close the positions? + + #DRSGME + +(actual tweet edited for size) +Cameron and Tyler Winklevoss, + +We all know that seeing Mark Zuckerberg paraded about as one of the most influential innovators of his generation must have been bad. + +We can guess that having Barry "Premonitions" Silbert beat you to the ticker must've stung a bit. After all, you're not trying to hack your way in. You're playing by the rules. + +But having itBit beat you to be the first fully licensed exchange really just takes the cake. Benjamin Lawsky, who has been delaying the Bitlicense, granted itBit a charter under NY banking law to open for business. He did this KNOWING that you were delaying Gemini in order to obtain the Bitlicense. And this comes after you were specifically promoting and advertising Gemini as the first licensed exchange since January. After you'd shown your commitment to working with Lawsky and playing by the rules. I contacted your staff so I know that Gemini has been ready to go. If I were you, I'd feel like [this](http://40.media.tumblr.com/tumblr_md9qr1rhgO1ri1p5ro1_1280.jpg) right now. + +You guys are tragic figures in the tech world. Like Pinky and the Brain, you've experienced setback after setback after setback. We know you both could easily just give up and go ball out in Rio or Ibiza or wherever rich guys like to hang out these days and just forget about all this. No one would fault you for it. But you haven't. You guys have kept at it. And you're still working to promote bitcoin and build your legacy. Jokes aside,* your efforts speak tremendously to your character(s), and on behalf of the bitcoin community, thank you for your hard work. + +*This doesn't mean that we're going to stop making fun of you. + +So like the title states, I'm applying for a financial group at my university that primarily researches and invests in equities. This group is extremely competitive but I managed to make it to the final round of interviews last year (approximately 15 of the 45 or so that apply). At that point I had to make a stock pitch for Chevron. I feel like I should mention that I'm a finance major and that I've done some investing in equities with my dad when I was younger (around 13 or 14 years old). He just ran me through the very basics though. + +Back to the story, I got completely ripped apart during my pitch. I was confident going in that I had done my best and I had results to show after the hours of research I put in. I included horizontal analysis and vertical analysis of a lot of the commonly examined financial statement ratios like P/E, ROE, ROA, dividend payout, free cash flow, etc, as well as a few liquidity ratios. I also examined some intangible things such as Chevron getting access to an important drilling area near Russia and the fact that the dollar was depreciating at the time + +I feel like I had very little confidence as to what was most crucial to look at before I started preparing, so I tried to include everything possible. So even though I'm not sure the following things are useful, I also included the price compared to market cap and also the volume of sales over the past 3 months before the time of my interview/pitch. I also looked at moving averages and exponentially weighted moving averages for Chevron. + +So I guess my question is, what is good to look at and what is just BS when looking to invest? I'm not coming here first, because I've done plenty of research. But it just seems like I can't get a straight answer from anyone. Some people/places say stick to the financial statements, some it's just examine the graphs, the business structure of the company, or even just take a look at the business's competitors and determine if the company's shares are currently incorrectly priced. Or is that how it really is, and everyone has their own opinions on what is best to look at? + +I'm interested in asset management and I'd like to start investing on my own as well, but I feel very misguided right now. Even if I was just given some sort of "importance tier" list of things to look at when researching possible investments, it would make things so much easier for me. I've been learning in some of my finance classes how to price shares in the CAPM model but I don't see much application for that in the market aside from diversification, which can be done without CAPM honestly. Like what do Morningstar and Bloomberg and YahooFinance look at when they give out their analysis on equities? + +I kind of rambled but I hope you get the gist of this. Thanks in advance. +I'm not saying it's either bad or good, it's just truly crazy. + +Yes, buying ETH or BTC at the start of their existence and HODLing till 4K or 67K, was really smart and worth it. + + +But now, holding the best projects will double your money in the best case and throwing $100 at a random Shitcoin or even a dying rugpull (not naming any names) , gives you an easy x10. + +I still HODL my solid project coins, obviously, but I'm trying to understand how is this even possible. + +Is it all just a giant casino after all? +Beginning debt: $9,700 + +Remaining debt: $4,730 + +Total paid: $4,970! + +I am so proud of myself. It's been a struggle to learn how to budget and stop relying on credit cards. It's been a struggle to pay down my debt. But I have a renewed motivation to continue kicking debts butt now, after seeing all the progress I've made! +Just looked on Bitboys twitter to see the fallout of his poor life choices and noticed that David Schwartz himself called out Bitboy. Congrats on destroying what credibility you had left, Bitboy. + +I can only imagine Ben is at home now screaming at his wife and staff that people are making fun of him and it's just not fair. + +&#x200B; + +Oh also, Bitboy you're NOT the largest crypto youtuber. That would be CoinBureau and always has been. No matter how much you cry about it. + +https://preview.redd.it/6d8emoz28rj91.png?width=757&format=png&auto=webp&s=a8dbf522cd988743d5376fabe9714445a19306c5 +https://www.cnbc.com/2022/04/28/us-q1-gdp-growth.html + +Gross domestic product unexpectedly declined 1.4% in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday. + +The negative growth rate missed even the subdued Dow Jones estimate of a 1% gain for the quarter. + + +A plethora of factors conspired to weigh against growth during the first three months of 2022, which fell off a cliff following the 6.9% gain to close out last year. + +Rising omicron infections to start the year hampered activity across the board, while inflation surging at a level not seen since the early 1980s and the Russia invasion of Ukraine also contributed to the economic stasis. + +Prices increased sharply during the quarter, with the price index for gross domestic purchases surging 7.8% in the three-month period, following a 7% gain in the fourth quarter of 2021. + +While recession expectations on Wall Street remain low, there’s further trouble ahead: In an effort to combat burgeoning price increases, the Federal Reserve plans to enact a series of rate hikes aimed at slowing growth further. + +Current market pricing indicates the equivalent of 10 quarter-percentage-point interest rate moves that would take the Fed’s benchmark interest rate to about 2.75% by the end of the year. That comes after two years of near-zero rates aimed at allowing a recovery from the steepest recession in U.S. history. + +Along with that, the Fed has halted its monthly bond-buying program aimed at keeping rates low and money flowing through the economy. The Fed will start shrinking its current bond holdings as soon as next month, slowly at first then ultimately at a pace expected to hit as high as $95 billion a month. + +While economists still largely expect the U.S. to skirt an outright recession, risks are rising. + +Goldman Sachs sees about a 35% chance of negative growth a year from now. In a forecast that is an outlier on Wall Street, Deutsche Bank sees the chance of a “significant recession” hitting the economy in late 2023 and early 2024, the result of a Fed that will have tighten much more to tamp down inflation than forecasters currently anticipate. + +That all comes after a year in which GDP rose at a 5.7% pace, the fastest since 1984. While consumer expenditures, which account for nearly 70% of the U.S. economy, drove growth in the first half of 2021, an inventory rebuild from the depleted pandemic levels accounted for almost all the growth in the final two quarters of the year. + +Sustaining that growth into 2022 will require an easing in clogged supply chains and some resolution in Ukraine, both of which will face pressures from higher interest rates from not just the Fed but also global central banks that are engaged in a similar struggle against inflation. +Nearly $500,000,000 worth of positions got wiped in the last 24h and the numbers keep going up. + +When will people learn? The market recovered slightly for one day and people aped into long positions again immediately. Why not wait a bit longer to see if this is just a dead cat bounce? + +https://preview.redd.it/x1esf3p0q1391.png?width=1605&format=png&auto=webp&s=5a5f31c22e967f29d9f8785f326139e8cc8ff0ab + +In the past 24 hours, 86,926 traders were liquidated, the total liquidations come in at $478.90 million + +The most significant single liquidation order happened on Bitmex - XBTUSD value of $5.00M + +Most of them were long positions: + +https://preview.redd.it/8ol754b4q1391.png?width=1643&format=png&auto=webp&s=57a8d43eab0e00925f0aed370fef30a452e26ebe + +Look how tiny that last red bar is. Jesus, total slaughter. + +https://preview.redd.it/x360siq6q1391.png?width=1599&format=png&auto=webp&s=0360c5aa775eff5944ca6257746f807758a00220 +I think tipping in /r/Bitcoin is causing many disingenuous people to come here and deliberately post fake threads in hopes for tips. + +Please don't feed the pigeons, they poop on our lawn. + +Instead, tip on other subreddits. I know it is hard. I know there is at least a 50% chance you will be downvoted to hell and called an amway salesman. But guys. That is where the fight is. That is where the war is won. + +/r/Bitcoin has users that already have an interest in Bitcoin so you are not causing any "viral effect" to occur here. +Fight the good fight. Save up your tips and tip >1000 when you do (I tip usually 3000-10000) and I ONLY tip in subreddits that are NOT bitcoin. If you follow this process, your tips are received by people that: + +1) Actually have no idea they were going to be tipped bitcoin (its not a bitcoin subreddit) therefor are initially not interested in bitcoin. This gives you a chance to pique their interest->viral/network effect applies + +2) 0% chance they are deliberately posting to get tips + +Again, you had me at subscribe. No need to tip me here. I am one of you already. + +Edit: What this thread has turned into... http://i.imgur.com/uTtSw53.jpg +I hope this is allowed, but I thought that I would refer to a post on the r/financialindependence subreddit that I think most people might ignore but can be applied here. In the post [Tried to keep my FIRE situation secret but, family found out. What to do next?](https://www.reddit.com/r/financialindependence/comments/b7hqn3/tried_to_keep_my_fire_situation_secret_but_family/) the OP mentions that his family found out his financial situation and started demanding that he help them. The top comment is one that states the best way is to offer to help them budget, because if they really want the help they will take your advice and not your money. + +&#x200B; + +I know most of us don't have a spare $500 in the bank let alone $525k. But after reading the post I realized I experienced the same situation and handled it like the top poster so the situation may apply to us too. I used to ask for a lot of help and had a terrible time with money. I blame myself first of course, but my single mother's handling of finances being very poor herself had an impact. My sister is in the same place as I used to be in. Never having any money and one hot second away from disaster. Now we aren't much better at the moment, but to someone with less it sure seems that way. + +&#x200B; + +I got a call from my sister recently asking for money again. It really irritated me that she couldn't see that we were barely able to put any money into our savings. But to her we have a house (a 1970's mobile home we bought for $2000 that needs repairs), we have a car in good repair that we own (her car recently broke down and she had to take a very high interest loan because of bad credit), and we can afford all of our bills without struggling (barely but we can.) But I did not want to jeopardize our situation and we knew if we kept helping her it would never stop so instead I offered to help her budget. When I started talking to her about cutting her eating out and entertainment spending she got defensive, and eventually just said she had to go. Haven't heard from her since. + +&#x200B; + +Most of us know at least one person that would start asking for money. They only need to perceive you are doing better than them. Don't give them money though, you'll just set yourself up to enable them and set yourself up for failure yourself. Offer to do a budget with them using the great things we learn here, and if they really want help and not a hand out they will appreciate it and stop asking because they will be doing better themselves. +I'm not saying it's happening soon. I'm just curious. Beer, vacation, leave everything behind and go learn solidity? Maybe there is something that ethfans could do together to celebrate? +Once again, I'm not saying that it's happening soon. +I understand bitcoin very well since 2016 and I have two major problems: + +1) after mass adoption, how do you keep private corps from owning say 40% and becoming the de facto world government? Facebook already doesn’t care about freedom of speech (neither does Reddit) and if a select few corps run monetary policy say goodbye to American rights + +2) what happens after it’s revealed that the price of btc is largely due to stable coins manipulated the markets by printing money(coins) to buy more btc? Throws the idea of “btc can’t be printed” out the window +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've been doing this for about 9 weeks and I am pleased with the results. + +I am not telling anyone else they should do this, I would just like to discuss my experience doing so. + +Basically what I did was convert all of my funds to equal amounts of every coin available on coinbase. At that time it equated to $300 per coin plus a little extra in DAI and algorand. In that time coinbase decided to really rile things up and add 8 coins last week. I'm not going to lie, that messed up my ecosystem I spent 2 months building. It was the last 4 coins in a single day that really messed with my mojo. + +But..... I'm still way up. I have all 8 new coins from last week and I think 2 others in the last 2 months and all coins are above $400. + +I started this Sept 10th as the entire market was crashing, but I noticed very quickly that even though all my coins were down, they were down a significant percentage less than the actual coin in that time. So even though I was down because the entire market was down, I was down a lot less than if I just held everything. + +I've watched the volatility of some of these coins for some time, and theorized that you can make money by capitalizing on how much and how fast they move. I started by testing the waters and only converting $10 of each coin, and after a few weeks decided to go all in after seeing the results. + +There is a lot that goes into my logic on this strategy but the basics are, once the coin at the top is over 10% of the coin on the bottom, I convert 3% and feed the bottom coin up. Coinbase charges a 1% conversion fee, which I am fine with since I am trading at plus 10%. + +Some coins go absolutely crazy out of nowhere. If that happens, if I end up using the same coin more than twice, I'll begin taking that 3% and converting it to DAI, a stable coin worth a dollar that earns 2% interest. And a lot of times when a coin shoots up like that it comes crashing back down, do I'll use that DAI to scoop that coin back up at a lot cheaper than I sold it. If it doesnt come crashing back down then I'll feed a few more bottom coins with that money + +I've posted what I've been doing a few places and for some reason what I am doing seems to genuinely anger people, and I'm not sure why. I'm not telling anyone to do this, I just want to discuss how this is going for me. I also understand how taxes work and am ok with that. + +Like I said, my approach is a little complicated so if anyone has any questions I'll stick around for a few hours. +I keep seeing ads of the App Acorn which basically just puts change in purchases to a savings. For example, you spend $3.50 on something, and it puts $0.50 into savings, or you spend $3.98 on something, and it puts $0.02 in savings. Some banks do this for you if you want also, but the difference with Acorn is that it apparently invests the change into stocks as well. Just wanted to know anyone's experiences. + +Edit: Thank you for all the informative responses and experiences! Because of a lot of people telling me to try out Qapital, I'm going to give that app a go as well. +I have $10k cash sitting around and I want to invest or put it somewhere so its doing something if you know what I mean. I want access to it whenever I need/want it so i dont want it locked up in an account. What do you think? Thanks! + +Edit: wow, Wasn’t expecting all the advice. I really appreciate it guys. +Read a couple of books on personal finance and most of them seem to suggest investing in Index funds. Most people in this community seem to be Bogleheads as well. I agree with the idea: low expense ratio, low trading costs as underlying transactions are infrequent, adhere to more of a value investing mindset (less speculative returns, more grounded to the growth of companies and dividends), the history of good enough returns for most investors, SPIVA reports, recommendation from top investors like Buffet, Munger, Lynch etc. + + +All this sounds wonderful and I hope it really is. But I am unable to find solid arguments against Index investing in the Indian markets besides a point that Indian Indicies are not as efficient as the US counterpart, would like to know more about this. To be able to make an informed decision one needs to know both sides of the coin. + + +Let's assume we are able to find index funds with low TER, low tracking error. Would the fund performance not depend on the way the index itself is constructed? What if an index is slow to catchup to major issues in the businesses that make up the index? I am not saying that the index should react to each and every short term movement but some things are too big to miss. + +Would a low expense ratio active fund for your target market cap run by a reputed fund manager be better than the benchmark index fund? +I am about to retire and right now have about 20-30% of my corpus in equity and the rest in Debt funds. Currently I hold various kinds of debt funds(UST/Long term/Floating interest etc.) and feel that the returns have been just slightly over and in some cases less than liquid funds. + +Also with the ILFS and other defaults, I took some hit. Since I am retired, I prefer a less risky investment. I spoke to my advisor about investing only in safe Liquid funds with more T-Bills/Gsecs and he said that liquid funds are not recommended investment instruments for a period of more than 3 years. + +What does the sub feel about this ? Returns from one of the UST I have invested in has a return of 7.9% for the past 3 years, where as a liquid fund I would have invested in has 7.2%. Will liquid funds be a good investments for a holding period of more than 3 years ? + +The other option I have is doing half and half. +The term [economic moat](https://www.investopedia.com/ask/answers/05/economicmoat.asp), popularized by Warren Buffett, refers to a business' ability to maintain competitive advantages over its competitors in order to protect its long-term profits and market share from competing firms. Just like a medieval castle, the moat serves to protect those inside the fortress and their riches from outsiders. +I have seen some arguments that suggest that the reason Ambani is planning to make Reliance debt free in 18 months is because the firm thinks that the economy is in for some tough times soon. + +Here's one such article from BQ, I saw similar writeups on livemint as well. + + [https://www.bloombergquint.com/opinion/why-is-mukesh-ambani-putting-reliance-industries-on-a-debt-diet](https://www.bloombergquint.com/opinion/why-is-mukesh-ambani-putting-reliance-industries-on-a-debt-diet) +You can discuss something like these, ITT: + +- Which fund houses are you currently investing with? Why did you invest in the funds? +- Reviews on the funds offered by the fund house? +- Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering? +- How easy it is to navigate & use their app / websites? +- Does the fund house provide periodic communication regarding the markets, fund performance and strategy? +- What PMS scheme / AIFs are you currently invested in, if any? Why did you choose it? +- What does the PMS / AIF fee structure look like? +- Does the PMS manager provide periodic communications regarding portfolio selection and performance? + +--- + +You can ask for general review of a particular product or service that you are researching - _"What is the investing style of fund X? Is it recommended for long-term retirement needs?"_, but **avoid asking for personal advice**. + +The discussion is for consumption by a broader audience, not just specific to you. + +For advice regarding your personal situation (like "I have 25L saved up currently for retirement purposes in 30 years. What fund / PMS / AIF should I choose?"), the bi-weekly advice thread is recommended It's stickied at the top of the subreddit. + +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 discussions only to reviews or requests for reviews of products and services. + +[Link to previous threads](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) +I keep on reading/hearing that consult a SEBI Registered Investment Advisor (RIA) as they are fiduciary. They charge a fee upfront and solve ya problems. + +My question is how do we know that the advice/service they are providing is actually genuine. For example (I'm assuming here) they ask you to have a fixed investment income option in your portfolio and they recommend, say a plan like HDFC Sanchay Plus or something. What's stopping them from claiming commissions for guiding (selling) me that policy or product. + +Tl;dr: how to determine whether the advice provided is actually genuine by a SEBI RIA? +The market is up and no doubt that it is great, wealth is being generated. + +But, the thing is the result companies are coming with is till March 31st, lockdown was announced on March 24 and let's assume around 10 March the effects started showing. + +But the results for this Q1 2021, will be the real test of how companies have been effected. + +Look at PVR or Inox, no movie has been released and I am sure nothing will be there till this June 2020 atleast, meaning no revenue source will be there, what will the company report in it's earning and yet the shares of both has advanced significantly, which makes me think is this a trap. + +Same is the case with many companies, esp banks, ppl are being fired and salary reduced, will they be able to keep up with the emi and other financial aspects. + +States are unsure of how unlock 1.0 is going to change the course of their counts and other things related to revenue sources. + + +I know we are aiming for a strong V recovery and mutual fund houses are sending us mails as how Mr. Calm was better than Mr. Panic. + +Global markets is rising on the optimism of economies opening and probable vaccines for this virus, but still emotions trump everything in the end, the fear is real, the way we connect is changing and what we do is changing. + +Is this all something or am I thinking too much about this? + +Do share your views. + +Mods, I hope this is valid here. +Assume that I am a long-term investor and hold 100 shares of TCS bought at 3000. + +Now, to earn extra money, I sell call options for a premium (say x) of TCS at a 3300 strike price expiring in 30 days. In this scenario, we have 3 options: + +1) TCS does not reach 3300 and options expires and I get to keep the premium. + +2) TCS reaches 3300 and I need to sell my shares. I have 300 profit per share and also get to keep the premium. + +3) TCS crashes below 3000 and I have unrealized loss but that is ok since the fundamentals of the company and strong and I am a long-term investor. + +&#x200B; + +What am I missing here? + +Also, is it possible to do it in Zerodha? +Hi all, here's my 2 cents on potential investment pattern in a falling stock market: +You have 1L INR as investible, and you're planning to invest in your portfolio (or stock) 'V' which is currently priced at 1200. +*Note: I'm planning to invest for the long term(>5 years)* +**Option 1:** Equal investment at each price drop limits. +1100 - 20k +1000 - 20k +900 - 20k +800 - 20k +700 - 20k +So average investment price comes to 900 and you'd have the 1L INR worth of 'V', 111 units of the same. +So equal risk at each entry. + + +**Option 2:** Similar to option 1, but with more gaps, and lesser buy per gap. +1175 - 5k, +1150 - 5k, +1125 - 5k, +... ... ... +... ... ... +... ... ... +725 - 5k, +700 - 5k. +Once again, the average would be 900 and 111 units of 'V'. Equal risk at each entry. + + +**Option 3:** Weighted distribution with higher investment at lower prices. (Less investment to start with, and higher investment as the price continues to drop further) +1100 - 10k, +1000 - 15k, +900 - 20k, +800 - 25k, +700 - 30k +So total you will end up with 120 units, as compared to 111 units in the first 2 cases, but then again we don't really know if the stock/portfolio will continue to drop till 700 at all, maybe drop will stop at 1000 only and you'd have less amount invested. But that's the risk/reward distribution. + + +**Option 4:** Similar to option 3 now, but with more gaps. +1175 - 2.5k, +1150 - 5k, +1125 - 7.5k, +... ... ... +... ... ... +... ... ... +725 - 27.5k, +700 - 30k +So total you will end up with even more than 120 units, more than options 1,2 and option 3. However, a risk, similar to option 3 would be persistent here as well. + + +What would be your take on the same? And would appreciate your insights. + + +Thanks, +S. + + +(I'm a relatively new investor, so please pardon my mistakes if any) +A lot of individuals are employed with MNCs headquartered in countries other than India. Whether this is Google, Amazon, Walmart, Shell, HP, Dell, Accenture or any other listed company - these companies offer Restricted Stock Units (RSUs) or Employee Stock Payment Plans (ESPPs) as part of their compensation package. + +What are the income tax implications on RSUs? How are my stock grants taxed? How to disclose my RSUs disclosed in Schedule FA? So many questions - let's dive right in! + +1. Salary/ Perquisites +2. Dividend +3. Capital Gains +4. Reporting in Schedule FA + +Article link - [https://www.thegalacticadvisors.com/post/income-tax-implications-on-rsus-or-espps](https://www.thegalacticadvisors.com/post/income-tax-implications-on-rsus-or-espps) + +Happy to answer any questions! +I have recently started investing and I was looking to invest in Tech Stocks, while researching I found that Tech Mahindra is a decent pick but the price has seen a steady decline from the all time high, even in the relief rally that we are seeing Infosys and TCS have seen some recovery but TechM keeps sliding downwards. + +I can see from the Groww and Trendlyne app that there is no significant fundamental probelm. PE is normal, PB is decent and Profits keep rising. The attrition issue as seen in the tech industry also seems to be within range of the industry. + +Even recent news articles are about them hiring for their centers, expansions and new acquisitions. + +What am I missing here? What mistake am I making? + +What is it that everyone can see that I am not able to discover in this scenario? + +It would help me out a lot if anyone can help me realise the confusion here, so that I can make better informed choices going forward. + +Thanks in advance. +Are foreign investors still bullish on India? + +1. Jobs data is weak +2. Consumption is down +3. There has been a decline in QoQ GDP growth; so low that we have reached taper tantrum levels of 2013 + +I don't see from which domestic quarters money would enter the market in this scenario. +I have come across a lot of forums and threads both on Quora and here as well about people asking the right time to start investing. Well, here is one fine infographic that takes care of your complete family needs and also advises you [what kind of funds you can invest in order to fulfill your needs and goals](https://www.wishfin.com/infographics/when-and-where-to-invest/). + +I personally feel this sums up our needs at different stages very nicely. For example if you have a kid at home then you can look to prepare for his/her future by investing in certain type of funds. Also, it can be seen that the more you age, the less likely you are to take risks. So make hay till the sun shines ie. invest in good funds when and where you can. Of course you need to assess your risk profile first of all and then plan the whole thing accordingly. +Hello, + +I'm asking this question for a second/third/subsequent house as an investment, not for self use. Let's say there is a ready-possession 2Bhk apartment in Mumbai that costs Rs.1,60,00,000 to buy inclusive of stamp duty, registration, GST, etc. + +Present Rent Receivable is Rs.40,000 per month. + +Monthly Maintenance (society levies, water charges, property taxes etc; but excluding electricity) of the apartment is Rs.5,000 per month. + +Upfront payment is Rs.24,00,000. I could take a 10 year long loan for remaining Rs.1,36,00,000 at interest rate of 8.5% which makes the EMI approximately Rs.1,60,000 + +Let's say the area is fairly developed already and property rates are appreciating at 4%-6% pa. + +The yearly income+appreciation is substantially less than loanEMI+liabilities as per my rough napkin calculations, so I guess only tax benefit remains to justify the investment. I'm really confused about tax benefits/deductions aspect of this. Section 80C, Section 24, Section 80EE and any other. What about capital gains? How much potential tax saving am I looking at (assuming current tax regime remains stable with increases proportionate to inflation)? + +What am I missing? What factors have I overestimated or underestimated or not considered that one must while making real estate investment? Is there a guide on r/IndiaInvestments about this that I have missed? How do I calculate the rate of appreciation needed to justify this as an investment (i.e. beat inflation)? + +Thank you! + +Hi there. I'm trying to find an excel sheet that can track all my Investments and net worth on a live basis. a spreadsheet that can track epf, ppf, nps, emergency fund, stocks, mf, cash etc. thanks. +Line of Business + +GNFC is a state owned fertilizer and chemical company. It's revenues are 70% from chemicals and rest 30% from fertilizers. Chemical catalogue consists of multiple products like weak nitric acid, acetic acid, TDI etc. It is also the only manufacturer of TDI in SEA.[^(\[1\])](https://www.gnfc.in/PDFandWORD/GNFC_ANALYSTS_INVESTORS_PPT_9_7_2018.pdf) + +Financials + +Company is generating consistent net profits of rs. 100 crores plus for every quarter since September 2017. Trailing 12 month profits stands at rs 1039 crores. With an EPS of rs. 66.83 the P/E ratio stands at around 5. The company is also debt free so there's no debt servicing costs and the opportunity of future leveraging if the need be.[^(\[2\])](https://www.screener.in/company/GNFC/) + +&#x200B; + +Credit Ratings + +Crisil ranks GNFC commercial paper at A1+. The rating continues to reflect GNFC's market leadership and established regional presence in the industrial chemicals and fertiliser (urea and ammonium nitro phosphate \[ANP\]) businesses, respectively. The ratings also factor in strong financial risk profile marked by comfortable debt metrics, healthy capital structure in absence of long term debt and ample liquidity, supported by unutilised bank limits. These strengths are partially offset by risks related to price volatility in the chemicals, primarily toluene di-isocyanate (TDI) business, and exposure to risks related to regulated nature of the fertiliser business. CRISIL will continue to monitor sustainability of operations and profitability of the company's TDI plant, the company's overall performance in the fertiliser segment, and any higher than expected debt-funded capital expenditure (capex), which may adversely impact its financial risk profile.[^(\[3\])](https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/Gujarat_Narmada_Valley_Fertilizers_and_Chemicals_Limited_September_27_2018_RR.html) + +&#x200B; + +Valuation + +This has been tricky. The company is predominantly involved in chemicals but the peer comparison available on the internet is mostly against fertilizer companies. This isn't an apples to apples comparison but this is the best I have right now. The P/E and EPS comparison in one of the peer group comparison shows GNFC to have the lowest P/E with highest EPS and profits.[\[4\]](https://www.business-standard.com/company/g-n-f-c-213/peer-group) However, these companies will have very different product portfolie so I am not sure how good the valuations compare. But nonetheless the P/E of 5 seems to reflect the stock is at a discount imo. + +&#x200B; + +Is someone else following this stock? What are your opinions on this one? +Should one invest in this option to avoid the possibility of losing wealth due to miss management of the economy by the government like it happened in the case of Venezuela ? + +Are the recent events like loss of RBI autonomy, increase of cash in circulation, growing bank NPAs and manipulation of economic data by the government indicate that there exists such a risk for India ? +* DHFL - Panic selling after DSP fiasco, RBI to tighten regulations. Corrected more than 70%. +* Edelweiss - Seemed a very strong company before the NBFCs fell. Strong consistent growth for the past five years. But to be affected by the RBI regulations. Corrected more than 54%. +* Indusind Bank - Has exposure to ILFS, and has set aside 275 Cr. for the same, and had it not been for the same, it would have had the same 20%+ consistent growth year-on-year. Corrected more than 28%. +* Indiabulls Housing - Exposed to Supertech, and has the same problems as with other NBFCs. Corrected more than 48%. + +I have a few specific questions: + +* Are there any other specific issues with these companies? +* Is it worth catching the falling knives if I can wait for an year for a turn around? +* The RBI regulations and decrease and difficulty in securitization for NBFCs will definitely lead to slower growth and decrease in earnings. Most of the NBFCs look good when looking at trailing PE, but how to estimate the future PE, and at what valuations do they look good? +So from 1st July 2019 it is going to be only 5 free ATM transactions. From unlimited to 10 and now 5. Is thr any point to still use this bank? Coz similar interest rates are provided by IDFC bank too and it has more physical branches too compared to DBS bank. + +Edit: They have increased ATM withdrawal limit from ₹25k to ₹50k effective 1st June 2019. +I heard from someone that you can invest with Brigade commercial properties and they give you rent after taking 10% of management fees and you also get the property on your name? Is that a good investment?