diff --git "a/reddit_finance_43_250k_240.txt" "b/reddit_finance_43_250k_240.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_240.txt" @@ -0,0 +1,10000 @@ +* Commit to supporting segwit immediately. +* Commit to supporting layer-2 scaling efforts, which **are the official roadmap for bitcoin core**. If they don't *'believe in layer-2 scaling'*, then they need to abandon bitcoin and move to BCH, IOTA, ETH, or some other network with a different roadmap. Had these companies devoted resources to advancing the roadmap, instead of diverting everyone onto counterproductive hard-forks, we would be much further ahead than we are now. +* Hire core devs! Some of these companies have enormous financial resources. Every single one of them should be hiring the best and brightest software engineers in the world and providing resources to support the network; not just the base layer, but every single part of the ecosystem. + +It is not enough that we just 'let this pass' without there being some real change. + +This isn't a joke here. Bitcoin has a market cap over 120 billion dollars right now. Most of us hope/expect to see it hit a trillion dollars some day. + +You don't treat a financial network of this size like you were updating some java-script on a webpage. + +This is serious business and requires the absolute highest degree of software engineering processes. + +No more amateur hour. + +If these companies don't have a culture that supports professional software engineering practices, then they need to hire people who do; and empower them to do their job. + +Every single day, every person involved in this space, needs to understand that the fortune of millions is tied up in this network. It's not your toy to be handed off to one incompetent dev who doesn't understand the most basic concepts of software process. + +**EDIT** + +'Must' is too strong a word. Take these as very strong recommendations. These companies burned an enormous amount of reputation in this near disaster. I implore them to learn from it. +I joined this fight the weekend of January 22. I remember getting an article about how GME had halted from circuit breakers. So I read more articles, and then went to WSB to find the sub's sentiment on everything. Then I became aware that this was more than a stock, it was a movement to take down the hedge funds, and I knew I wanted in. + +At that point, the movement yet hadn't evolved into Occupy Wall Street 2.0. There were some mentions of people wanting to get back at Wall Street for 2008, but that came in the next week once everyone started hopping on board. I think many of you started your journey from the Jan 25 banana/snake post about short squeezes: + +[Disclaimer: This is NOT the origin of the term \\"ape\\" in relation to GME, but that's for a different post](https://preview.redd.it/pupk7c4dga671.png?width=500&format=png&auto=webp&s=e98f526d2f7c4920735078061feedf7a62e18300) + +Then in the following week I watched the biggest green dildos I have ever witnessed in my 6 years of trading^(1) get crushed by blatant market manipulation when those fuckers turned off buying^(2). And then I watched it plummet over the next weeks to \~$38. That was my personal lowest low from this whole ordeal. At that point, I had felt duped and ashamed. "Did they close the shorts? Why are the numbers so low? *Could* they have covered?" Even WallStreetBets, our home, became compromised. The FUD was awful and no one had answers. + +But then people migrated to r/GME and we built a new home. One of the first things we did was fully adopt the Ape namesake. And then we came together in hopes of building a better world. Posts from all over started popping up about how every single person was going all in, with all their money, with all their heart, soul, spirit. People talked about how much they've struggled, how it's been unfair, and how they've been left behind. And within the comments was always overwhelming support. "We're here for you!" "You've got this!" "APES TOGETHER STRONG!" And complementing these posts were the beginnings of the most amazing stream of DD/memes/shitposting to grace the internet and it all started coming together finally for us! And just when we thought we had built this beautiful oasis, it all comes crashing down in a single night^(3)! + +https://preview.redd.it/x0u9i9bspa671.png?width=1242&format=png&auto=webp&s=b509e8460164614fff5f5a50cb06c3b20fd433c2 + +Now we're here at Superstonk and, all things considered in our journey, I feel good about where we're at. I feel like the Apes as a whole have a good grasp on what's Right and what's Wrong and we're able to keep each other in check. It feels like smooth sailing for the most part^(4) but with the flurry of news, DD, and speculative theories popping everyday, it's all taking a major mental toll on many of us. I've been with you through the highs and the lows and I know it's taken a toll on me. I'm fucking tired as hell and I'm not afraid to admit it. And this isn't FUD just because you don't personally relate to it. + +If you're some super robot of a human being and you can just take a beating all day everyday then that's great for you. But I'm gonna tell you right now, I'm fucking tired. And every single person who isn't lying to themselves is also tired. I'm tired of corruption, I'm tired of fraud, I'm tired of everything being unfair and I'm tired of everyone telling us we're crazy for believing that society CAN be better and that society SHOULD be better. I'm tired of the media blatantly lying to our faces and trying to use us for their profit. I'm tired of human beings having to work 80 hours a week at 3 jobs just to put food on the table for their kids. I'm tired of teachers having to pay out of pocket for their students' school supplies. And most importantly I'm fucking tired of the elite playing by a different set of rules that *overwhelmingly*, *unjustly*, and **royally** fucks us at every turn...I'm tired. + +And you know what? It's ok to be tired. We're warriors in what could possibly be the greatest class war in human history. And it's been a long fucking war. Do not feel guilty or ashamed that you're human and that you could use a break. I don't know what you need to hear to feel better about it, but I want you to know that I'm with you. I hear you, I see you, and I'm here for you. + +&#x200B; + +https://preview.redd.it/tzg784bdpa671.png?width=1279&format=png&auto=webp&s=692eab413e2fc5b34e2657fe6dd654f8d66dc190 + +If you're a weary traveler, I invite you to rest by my fire. This isn't gonna happen quick, it might not even happen by summer's end. If you aren't mentally in it for the long haul then you're gonna get burned out. It's a marathon, not a sprint. Go take a breather, go outside, hang out with your friends, have a drink, rip a bong, do whatever you need to do to recharge because it'll happen when it happens and all we can do is wait patiently. If you're tired, know that you're not alone. We're all here with you. And no matter how tired we all get, it doesn't change the fact that Hedgies R Fuk. So hold on, hold tight, and when we launch, rest easy knowing that you secured a seat on a rocket headed to the furthest reaches of the universe. And if you're ever in doubt, just remember **two things**: + +https://preview.redd.it/b12lr45p2b671.png?width=680&format=png&auto=webp&s=959fc94abc840ca9fb967b2ce86cb0b6be50c9f1 + +# AND + +https://preview.redd.it/ikexdd5m6b671.jpg?width=784&format=pjpg&auto=webp&s=1274bb35fcd9a7dceb5d9033fe47b86f1170ddf8 + +# + +# xoxo ButtFarm69 🚀🌕💎🤲🏼 + +&#x200B; + +&#x200B; + +\------------------------------------------------------------------------------------------- + +NOTES: + +^(1) And trust me, I had been trading TSLA calls when they exploded in 1Q20 so I fucking know about big green dildos! + +^(2) This event is appropriately nicknamed "The Sneeze" for those of you who are unaware. + +^(3) The Great Migration occurred on the night of Sunday Apr 4, 2021. This was before I had made a name for myself, but like any true shitposter would do, I made a [shitpost as the ship was sinking](https://www.reddit.com/r/GME/comments/mk9s2a/with_subreddit_sinking_like_the_titanic_i_just/) 😂 + +^(4) A lot of that credit goes out to the Mod Squad, Satori, Knights of New^(4A)...thank you! + +^(4A) Knights of New need to chill on downvoting my memes 😂 +Has anyone else noticed that ETH2 is now showing 4.5% now on Coinbase? I just happened to look at it 111 times today instead of my normal 110 and I noticed the drop. +You've all made your position on robinhood IPO painfully obvious. + +So, what should Mr hedgefund do? He's going to pump the crap out of the stock after all of you short it. + +Would you let yourself become the exact thing we are fighting against? + +APES ARE STRONG. ALL WE NEED IS TO BUY, HODL, VOTE. + +Stay classy. + +Edit: Thank you guys for reaffirming the faith we all have in each other. Apes are retards, but apes are SMART! Also thank you for the awards and upvotes! I know this post was pretty low effort, but the message is still very important!! 🚀 🚀 +[Link to article.](https://www.reuters.com/technology/buy-now-pay-later-surges-third-us-users-fall-behind-payments-2021-09-09/) The latest survey found younger consumers were more likely to miss payments. More than half of Gen Z or millennial respondents-- those born between the early 1980s and mid-to-late 1990s-- said they had missed at least one payment. That compares with 22% of Gen X, who were born in the early 1960s to early 1980s, and 10% of Baby Boomers, those born between the mid-1940s and 1980. +This is a week and a half of wheeling. Still learning the ins and outs but I'm very happy with the results. Even the NERV drop, I'm gonna get assigned but I'll continue to sell calls and lower my cost basis until I can get out of it. Even with that unfortunate event, $421 in profit with another $642 in credit waiting to close I think I'm doing ok. This is so much less stressful than buying premium. I almost quit options and then I decided to give this a try. Glad I did so far. Still have lots to learn! + +&#x200B; + +https://preview.redd.it/rvwz3wvcdd251.png?width=3910&format=png&auto=webp&s=468ddec8a5b4e6fc728f1f330bce89621749cfdd +https://www.cnbc.com/2021/10/26/robinhood-third-quarter-earnings-2021.html + +For the third quarter, total net revenue came in at $365 million, missing estimates of $431.5 million, according to Refinitiv. Revenues increased 35% year-over-year but were well below the second quarter’s revenue of $565 million. + +Robinhood said it expects fourth quarter revenue no greater than $325 million. The company sees account growth in line with the 660,000 opened in the third quarter of 2021. + +“For the three months ending December 31, 2021, we anticipate that many of the factors that impacted our third quarter results, such as seasonal headwinds and lower retail trading activity, may persist,” the company said in a press release. + +Robinhood reported a net loss of $1.32 billion, or $2.06 per share. Wall Street was expecting a loss of $1.37 per share, according to Refinitiv. It was not immediately clear whether those figures were comparable. + +Net cumulative accounts dropped to 22.4 million from 22.5 million in the second quarter. Month active users totaled 18.9 million, compared to 21.3 million in the second quarter. +Hi everyone, hoping someone can provide some useful insight, tips or experience to help me help my dad! + +A bit of background, my parents live together, they're in their 40's and I have a younger sibling in high school. My mother has a chronic illness meaning she struggles to help my dad with his job, or get a job elsewhere for that matter. They run a tiny 15ft x 7ft staff canteen by themselves, which only seats ~30 at a time, so customer turnover rate is quite high (takes 10 seconds to tend a customer, and they get about 10 minutes to eat). They feed around 100 heads twice/three times a day. In September I left home for University, and prior to leaving, any days I had in school where I had no lessons I would go work with him to relieve the pressure. But now I've gone, he's really struggling and just looks like death incarnate. + +So the basic rundown of the canteen is that my dad does *almost* everything, he; + + +* Cooks everything +* Preps everything +* Learns and fixes most broken appliances (because the kitchen is bottom of the list in the maintenance departments priorities) +* Shops for all his produce +* Transports all produce on a daily basis +* Runs the financial side of the business +* Ensures he complies with food hygiene and operating regulations + +The only thing he doesn't do is the washing up, which my mother/other employee does, but obviously with her chronic illness she struggles to keep up with the pace. Sometimes he has a part time employee in who does the washing up, but she has children so she doesn't get into work until 9:30 on the days she's in work because she has to take her kids to school, plus he really struggles to have enough money spare to pay staff. + +Money isn't necessarily an issue, but he's a contracted employee - therefore he gets a salary from the company and any staffing, stock or operation is his responsibility/cost, they simply provide him with a **tiny** kitchen (bare in mind the size I mentioned earlier includes the worktops and appliances, so floor space is maybe 3ft wide by 15ft long) and customers to feed. We aren't in any debt, but we don't have any savings or fixed assets whatsoever (car is on it's last limb, costing £2000 a year to maintain, and we can't afford a new one). + +I must mention as well he only has two 8ft tall fridges to store his stock in, and a small chest freezer - one fridge for drinks and one for food - so the idea of buying in bulk and storing is not an option, the fridges are rammed with one day worth of stock. We can't buy in advance and get it delivered, unless we could save up to buy a chest fridge/freezer - but that would have to come out of our own pocket, and we'd have to pay to run it ourselves. + +My dad has asked for the company to build a extension onto the kitchen so he can have more storage and prep area, but they said the kitchen runs well as it is, so a extension isn't necessary. + +Now, I'll give a brief rundown of my dad's day-to-day life. + +Time|Activity +:--|:-- +5:00|Wake Up, get ready +5:30|Call butchers and order meats +6:00|Drive to butchers and pick up meat +7:00|Arrive at work, unpack 12 bags of food/drink and start prepping breakfast +7:50|Make up ordered toasties (usually 10) +8:00|Have food ready (Full English, enough to serve 100 heads) +8:05|Smoke break +8:15|Service starts +10:00|Service ends, smoke break +10:05|start prepping lunch and cleaning up kitchen & canteen from breakfast (tray's have to be soaked to remove grease/fat so can't cook anything until 10:30 +12:00|Finish lunch prep for 100 heads, restock drinks fridge +12:15|Service starts +14:00|Service finishes, clean up from lunch +15:00|Finished clean up, stock check and clean canteen/kitchen. +16:00|*sometimes* he will have to stay to offer tea/cake/coffee if the workers have to stay later **if not** he is home at this time +17:00|After changing out of work clothes, picking my sibling up from her bus and walking our dog he gets ready to shop +19:30|Has gone to all supermarkets to get his stock for the next day +20:00|Showers and has a tiny portion of dinner, starts tallying up money owed from people on booking rather than cash payments +21:00|Finishes book keeping and relaxes +22:00|Spends some time with my sibling and helps her with homework +23:00|Goes to sleep + +As you can imagine, this takes a toll on the system. He does this every weekday and shops on a Sunday so he has stock for a Monday. He's done that for the past 7 years, and in that time has never had a sick-day, and only 4 weeks of cumulative holiday (excluding Saturday). He's lost 4 stone since he started, he's a 6ft man who weighs 10st. His blood pressure is through the roof, he eats one tiny portion of dinner a day and keeps awake on lots of coffee and sugary snacks. + +I'm personally into fitness and health, so I try to introduce him to healthy foods that he can snack on - but after cooking all day he can't stand to cook again, let alone eat food. + +I'm seriously worried for him, because the doctors have said that if he keeps doing what he's doing his heart is likely to give out any time from the physical and mental stress he puts himself through. He hates his life, but he's such a family man that he does it so there's food on the table and that I never went without so I had the resources to allow me to go to University. + +I'm open to absolutely any ideas, proposals, tips, tricks or anything that I can tell him to make his life somewhat easier! + +**EDIT: Thanks to everyone for their kind contributions and time they took to write any responses. I've had a thorough read through all the comments and have had a lot of people back up my thoughts, and also have helped shed some light on other things like legality. Also, I'd like to apologise to any people who have conceived that I'm being stubborn. I don't mean to be whatsoever, I'm just trying to engage in active conversation and I'm doing my best to provide further insight, which is coming across as more stubbornness. So again, sorry if I made things difficult for some people. Again, thanks to everyone for their time and effort, I hope my dad can take something away when he finally reads this.** +Not only do you have to report Crypto transactions to the IRS for tax purposes, the IRS requires you to pay taxes on mined and purchased Crypto if you make any profit. It's outrageous how the IRS totally ignores billionaires avoiding trillions of dollars in taxes while asking Crypto holders to pay taxes. + +The government literally paid billionaires by the trillions after they printed money out of thin air to dump straight into the stock market. Normal people were already scammed when the dollar supply was increased by **50%** and they were told to go fuck themselves after the government didn't even bother raising the minimum wage as promised. + +Billionaires literally avoid trillions of dollars in taxes by moving their assets to tax havens or just by using shady practices. You have teachers paying more taxes than billionaires while not being able to afford a single bedroom apartment in the city they teach in. + +But of course, tax Crypto while giving billionaires trillions of dollars for free right? How dare the poor peasants invest in Crypto to become rich! +Well, here we are. After an exciting year in 2021, the cryptocurrency space is becoming a ghost town, like the elders from 2017 prophesied. + +I am not just talking about prices, which has been depressed for a few weeks now ; the hype surrounding our ecosystem is fading. Google Trends clearly shows that searches for terms like "bitcoin", "NFT" and "crypto" are at their lowest level since summer, and the activity on this sub has been falling off a cliff. The Daily barely have 2k comments... + +But here's the deal : **I am convinced that, in a few years, people will look at that slump as a once-in-a-lifetime opportunity.** If you are still holding, or even better, DCAing, you're gonna make it. Well, probably. + +Every single person that was there in 2017 told me the same thing : those who bought and hold during the brutal bear market made insane amount of money when the bull came back. And, from a long-term perspective, there is a lot of reasons to be bullish. Ethereum will finally switch to proof-of-stake in about three months, Bitcoin has been hold surprisingly well against growth/tech stocks, a lot of new protocols are being worked on/launched, Biden basically told us last week the US will regulate - but not ban - cryptocurrencies... + +Could the prices get lower in the next few weeks? Absolutely. Inflation, war, recession : it's possible that we drill further down. But if you hold through this tumultuous period, you will emerge on the other side wealthier. + +It is in moments like these that characters are forged. I hope that in ten years you can look back on this time and be proud that you stayed true to your convictions! +Somehow someone logged in to my bittrex account and sold my coins and withdrew it all to a btc wallet. I had 2fa security but they removed it somehow.. All happened within minutes. + +Is there anything i can do? + +Also they withdrew to this account 1FwcF9rjkYBEYqRW2Kvsmg687QrrfVv5tc + +Edit: They logged in from this ip 49.240.123.75. + +Edit 2: + +Like most have suggested it might been compromised phone, or 2FA secret. i haven't saved these anywhere. I did break my previous phone and still have it with me. When i broke the phone i made a ticked for 2fa removal and they removed it and as soon as i got my new phone i activated 2fa, I did not notice anything odd about that. + +Also i had not logged in to bittrex for atleast 7 hours with my pc off. I woke up to an email about someone logging into my account, by the time i got to my pc to start it, i got another email about my 2fa being deactivated. I logged in to bittrex without needing 2fa code (was not the case 7 hours earlier) and went to my wallet and it said 0.00. They had sold my coins and withdrawn it.. + +Edit 3 : I've got a response from Bittrex : http://imgur.com/1nDi7ti + +Not much i can do than ask them to delete everything they got on me and use another exchange. + + +# Gimli +*Decentralized live stream interactions* + + +We are proud, and excited, to present [Gimli](http://gimli.io) to the community. + +**What:** [Gimli](http://gimli.io) is a decentralized eSport platform based on Ethereum blockchain. + +Streamers can turn viewers into engaged supporters by organizing bets, votes, ask for donations, and create prize pools for tournaments using the ERC20 Ethereum token GIM. +Gimli is a platform built by gamers for gamers. Our goal is to *empowers streamers by enabling them to connect directly with their audience, increase and control novel revenue avenues*. + +**Who:** [14 people strong](http://gimli.io/#Team), including + +*Technology:* Ouziel Slama, who co-developed counterparty, Joseph Fiscella who co-founded the Alexandria project + + +*Pro gamers:* Luffy - *street fighter IV world champion* , Stephano - *Starcraft 2 foreigner world champion* + + +*Streamers:* Thud - CEO ASUS ROG school ; Skyyart, Aypierre + + +*Business:* cool (!) and experienced team (some Columbia, Harvard, Polytechnique), and real eSports fan + +**Why:** Streamers have massive audience in the hundreds of millions globally. Yet, due to ads-blockers and poor audience retention as soon as the live game over, streamers monetization of their viewers is low. +With Gimli, streamers can create entertainments and functionalities with GIM embedded commissions. From substantial source of direct GIM revenues, to better engagement, higher number of minutes watched and increased donations, Gimli's promise is to give control back to streamers. + +**Partners and adoption:** [Existing streaming partners](http://gimli.io/#partnerships) with more than one million twitter followers. Streamers set up functionalities and GIM they receive when their audience use Gimli on their stream. Partnering with them creates viral and exponential adoption. + +**Tokens:** GIM tokens are required to run all functionalities including donations, votes, bets and custom ones. Each functionality is a run by trustless Ethereum smart contracts tailor made for streamers. [Try our working PoC](http://demo.gimli.io/). + +**Crowdsale detail:** 90 Million GIM will be exchanged for ETH, with a portion reserved to eSport professionals and early backers. + +**Resources:** + +[http://gimli.io/](http://gimli.io) + +[Backend beta](http://demo.gimli.io) + +[White Paper](http://gimli.io/wp-content/uploads/2017/07/Gimli-white-paper.pdf) + +[Team](http://gimli.io/#Team) + +[Telegram](http://www.t.me/thegimliproject) + +[Slack](https://auto-invite-contact.herokuapp.com/) + +[Discord](https://discord.gg/Zz5GT6) + +[Twitter](https://twitter.com/thegimliproject) + +[Facebook](https://www.facebook.com/thegimliproject/) + +[Bitcointalk.org full announcement](https://bitcointalk.org/index.php?topic=2014659.0) +contact@gimli.io +I'm a huge fan of the man and follow everything he does. However, this is the one investment that continues to baffle me after all these years. + +What does he see in IBM? All this company seems to do is spend their money on share buybacks. +**Warning: This is a very risky play, trade at your own risk** + +Hello, All! + +If you are not familiar with this saga, feel free to catch up: + +[First Mention](https://www.reddit.com/r/stocks/comments/k3p4bc/when_will_the_gme_squeeze_happen_answers_here/) + +[Short Squeeze Explanation and Initial Thoughts](https://www.reddit.com/r/stocks/comments/k688qv/for_those_who_dont_understand_the_inevitable/) + +[Timeline and Predictions](https://www.reddit.com/r/stocks/comments/kaa2qh/gme_either_squeezes_or_gets_delisted_who_will_win/) + +[GME Short Squeeze What Comes Next Part 1](https://www.reddit.com/r/stocks/comments/laln2m/gme_short_squeeze_what_comes_next/) + +[GME Short Squeeze What Comes Next Part 2](https://www.reddit.com/r/stocks/comments/lbuhp0/gme_short_squeeze_what_comes_next_part_2/) + +[GME Short Squeeze What Comes Next Part 3](https://www.reddit.com/r/stocks/comments/lgkm5t/gme_short_squeeze_what_comes_next_part_3/) + +[GME Short Squeeze What Comes Next Part 4 (Micro Update)](https://www.reddit.com/user/hooman_or_whatever/comments/lm92zw/gme_short_squeeze_what_comes_next_part_4_micro/) + +Before I get started I want to apologize, this will be a smaller less detailed version than I had hoped and I will not be releasing a video as I feel extremely under the weather. However, I have received a large volume of messages regarding part 4 and my analysis, so here it is. + +First, let's address something that I find very misleading: "this happened on absolutely no news" + +Well, that simply isn't true. I will mention some key things that led up to this point and would like to also quickly mention the 3-day rule. If ER is bad, you follow the 3 day rule meaning you give it 3 days to bleed before it begins to recover. This is the same for the news cycle. Even the first squeeze when Cohen was announced to be joining the board, it took several days before the market react. + +Ok, so let's talk news. + +1. We have passed the first potential catalyst which was the first GME hearing [which unfortunately, was filled with useless information](https://www.reddit.com/user/hooman_or_whatever/comments/lnkmrn/gamestop_gme_short_squeeze_congressional_hearing/?utm_source=share&utm_medium=web2x&context=3). +2. Another catalyst I mentioned was today, the short interest report that was post Jan. 28th spike. [Morningstar](https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P000002CH) is reporting 60% and [Fintel](https://fintel.io/ss/us/gme) is reporting 24%. Again, the discrepancy between the two is simply based on a calculation difference using a different float. One is including synthetic longs while the other is not. This is the first mention I could find regarding the [XRT discovery](https://www.reddit.com/r/GME/comments/lknjkc/xrt_is_being_used_to_hide_gme_shorts_xrt/) and how shorts may have actually essentially moved their positions into an ETF that includes GameStop. At this point, there are so many moving parts and distrust, I'm having trouble assessing what the true short interest might be. Regardless, even if we use the 24% figure and respect that to be true, [this is still considered very high.](https://www.powercycletrading.com/what-is-a-high-short-interest-ratio/#:~:text=Regardless%2C%20most%20options%20traders%20would,above%2020%25%20is%20extremely%20high) +3. Following [iborrowdesk](https://iborrowdesk.com/report/GME) we can also see a significant amount of new short positions opening over the past several days, probably an attempt to short the stock but without it being reported in todays numbers. +4. Chamath also expressed anger regarding how the Congressional hearing went and followed it up with [this tweet](https://twitter.com/chamath/status/1363571801289154560). I personally believe Chamath was one of the several large buy orders today. +5. Ryan Cohen also [tweeted one of his infamous emoji tweets](https://twitter.com/ryancohen/status/1364650709669601289). Now, I'm not going to bother to attempt to decipher it, but when he Tweets, GME spikes much like when Elon tweets about Doge, it spikes. +6. The [GameStop CFO "resigns"](https://www.cnn.com/2021/02/23/tech/gamestop-cfo-resigns/index.html#:~:text=New%20York%20(CNN%20Business)%20After,his%20roles%20on%20March%2026) which later news indicates he didn't really willingly resign. This is extremely bullish as GameStop continues to make changes. If the company was losing money for years and the man in charge of money was just fired, this is a *good* thing. +7. [DFV doubled down](https://www.reddit.com/r/wallstreetbets/comments/lnqgz8/gme_yolo_update_feb_19_2021/) + +**Ok, now let's discuss some of these things** + +1. The GameStop hearing was simply a joke. The next hearing will paint a more clear picture regarding data as the SEC, FINRA, and potentially, the DTCC will be present. +2. Let's talk short interest. As I have mentioned in previous parts, I have no doubt that original shorts have covered and new shorts have entered. A clear battle I have had in the comments is a lot of individuals seem to believe that shorts only re-opened their positions at the top and that's it. I couldn't disagree with this more. The narrative of GME being a dying brick and mortar company is alive and well, and shorts will continue opening positions all the way down. We saw many new positions open today when it was around $50. There are shorts everywhere, and they completely doubt this company and everyones willingness to hold and continue purchasing more, both for retailers and institutions. +3. Chamath, Cohen, and DFV was a much needed intervention which brought back excitement and truthfully, they probably purchased more shares themselves. + +**Sorry had to take a bathroom break, like I said I'm feeling very unwell and apologize that this isn't quite as good as my other posts.** + +**Let's talk about what happened today** + +I believe today was a gamma squeeze with shorts in the worst positions having to cover. I concur with [this post](https://www.reddit.com/r/stocks/comments/lrrcdk/gme_gamma_squeeze_part_two/) regarding the gamma squeeze and how it started the domino effect. + +I predicted that a large sum of shorts were sitting just over $200 and the AH action helps bolster that claim. We saw the price touch $200 for a moment and then get swatted down like it was a gnat. They absolutely do not want it to break the $200 mark. + +**But onto the important part, my predictions as to what comes next** + +Now, I'm about to say something very silly but the reason is I want you to make your own decision on what the most likely outcome is. + +Tomorrow, either the price will come plummeting down, or it will rise to new, extraordinary heights. + +1. Reason for it to shoot down: There are a lot of bagholders, a lot of individuals who are simply trying to escape with at least their money back. Depending on pre-market, we could expect a large sell off at open as people reclaim their losses. This sell-off will induce a panic sell that causes everyone to exit in an attempt to mitigate as many losses as possible. +2. Reason for it to shoot up: There are a lot of bagholders...who won't be satisfied by just breaking even and will refuse to exit until it breaks $1000-$2000. Depending on pre-market there will also be a lot of people who missed the first run have less doubt in their mind for a potential second run. FOMO and sheer buying power will continue to drive the price upward. + +Both of these are considering retail investors only, although the ATH price action compared to volume suggests there are significant amounts of institutional and "large whale" buyers getting in on the action. They both are also dependent on pre-market so let's talk about that for a moment. + +**Pre-Market** + +While institutional buyers don't necessarily need retail for this to work, it certainly wouldn't hurt to have reinforcements, so I think they won't begin a bull run until the market opens and retail investors have a final chance to double down while new investors have a chance to purchase their tickets. + +However, if they seemingly don't care and want to buy as soon as able then we will test that $200 resistance. If that is broken...this is going to be absolutely wild. The domino effect will continue upward chasing the shorts who entered at the very top. It would be wise for these shorts to cover prior to it reaching them as they could still take profits and walk away with a significant sum of money. This will propel the price extremely high at which point nearly all shorts would have exited. + +**During Trading Hours** + +Again, completely dependent on pre-market, but I still expect a decent sell-off in the beginning of the day as bagholders escape with breaking even happily. If we open above the $200 mark and the selloff does not appear to be driving us below, I expect the shorts who entered their to cover and this reaches parabolic heights. + +**Price Targets** + +Well, I first want to talk about the infinite squeeze notion. I agree with the sentiment but not for the same reasons most users post about. Here's the thing, everyone still considers GME to be a dying brick and mortar retailer aside from few longs such as myself. That narrative is slowly changing as more and more individuals start to see the significant changes being made within the company. So long as this mentality lives on...so does repetition. + +I expect this squeeze to conclude sometime this week, perhaps even tomorrow. What's unique here is we have all now lived through the first one and we will make decisions accordingly, IE taking profits or covering earlier. + +But on the way back down....shorts will open new positions....again. + +A new catalyst will arrive....again. + +And we will squeeze...again. + +I'm not sure how many times this will happen, but I think after 3/25 ER when Cohen globally explains the changes being made and the plans for the company, the narrative will begin to change on GME's business. Until the narrative changes, I expect shorts to continue re-entering at dangerous positions. $50 sounds like a fantastic place to short if you believe this is a dead company, but the market sentiment is changing rapidly on the potential of this company. Once shorts are only entering at ridiculously high numbers, then we will finally see the end of the GME saga. + +I think a second squeeze will be evidence enough to shorts to not enter at such low numbers, however, greed and doubt goes a long way. So it's very possible this is the final squeeze, but I'm not holding my breath. I will address how I plan on playing this in the next section, but first, some price targets. + +So long as we break the $200 resistance, we will have many short positions above that level that will close to avoid getting caught in the red as well as gamma squeeze mechanics at play. That being said, I could see $500 being possible as early as tomorrow. Now the top is so difficult to predict because one of the largest factors is the most unpredictable; the people. Many people were burned by GME and many others have serious FOMO. If there is large volume, then that will be my indicator that people are piling in all over again. If this is the case, I see $1-$2k being possible. If bagholders simply want to exit and take their money back then I think $500 might be the dream peak. + +**So whats your play Hooman?** + +Well, as I have said before I am long on GME. So I will be trimming on the way up and leaving some just in case it continues to parabolic heights. I will then re-enter when I believe we hit the bottom which I feel confident starting to re-enter at $70 adding more on the way down. I will then hold tight for another potential squeeze and repeat this process until finally, the GameStop narrative has changed and I could leave my shares along for several years. + +**Again, I do apologize** + +I know this isn't quite as good as my previous posts, but I wanted to update everyone who was asking me to provide them with my analysis. Part 5 will be coming regardless of what happens tomorrow as I stated numerous times, I don't think this story is anywhere near over, not until April do I think we will start seeing it slow down. + +**TL;DR:** Today was most likely a gamma squeeze coupled with some shorts covering. There were significant catalysts and whales to propel this thing. I don't think the GameStop story is anywhere near over. I'm sick sorry this was choppy writing compared to other posts. + +*Disclaimer: I am not a financial advisor, I am long on GME, this is a risky trade, thanks for reading.* +**Note:** I am putting this here because I would be 100% banned for posting it in /r/Bitcoin or /r/BTC. This is actual information I am telling clients so please at least appreciate the nature of this post. I am not saying the following WILL happen but it does have a small percentage chance of happening to please plan accordingly. **PLEASE PLEASE PLEASE** first and foremost, **do NOT** risk money you cannot afford to lose. +**BTC disclosure:** I have followed BTC since $2/coin and invested and mined at $10/coin. I currently do not own BTC and obviously do not plan to hold BTC in the near future. +**ETH disclosure:** I own a nominal amount of Eth and run a relatively small Eth mining farm consisting of 5 computers. + +This is a post I made a few days ago that I feel did not get the traction it deserved: + +"Holy shit, I wouldn't want to hold ANY Bitcoins anywhere close to an event like that. You can't say for certain it won't death spiral but do you want to take the risk with any significant amount of your store of value ? It could be equivalent to a run on the banks. Fractional reserve works if less than 10% - 20% of the people intermittently take out money. But if that cap is overcome by a wave of withdrawals the only thing a bank can do is stop withdrawals and shut down because as the system stands no bank in the world has enough cash on hand to cover all of its deposit obligations. Not even 10-20% of them. All you would need is a small run on a bank, even just a handful of large clients leaving, for it to become insolvent. As I see it , based on some of the points in the video posted here by vectortrader and my knowledge of finance, the halving could be the final straw in the list of problems Bitcoin has had this year. As of now BTC mining is very centralized but I imagine a significant percentage of the network is people ( as opposed to professional companies ). What I know of the equipment after ASICs came out, it became a arms race for bigger and more expensive rigs. The downside to this is that it also significantly increased energy consumption. If we assume that even a small percentage of the BTC hash rate is still independent miners the halvening has a significant probability to lead to a death spiral. What a death spiral would look like: Miner Joe had miners in his house that take a significant amount of electricity to generate BTC. He covers said electricity with mining profits. At this point if he doesn't get x number of coins per week / month, his electricity cost would be higher than his mining profits. IF Miner Joe thinks that the price of BTC will go up in the future he can decide to cover electricity cost out of pocket and future revenues at higher prices. As of this year, BTC has not been showing the triple digits currency appreciation that it has shown in the past. This makes Miner Joe hesitant to pay out of pocket for electricity costs if his projection of appreciation in BTC price is stable or just a moderate increase from current levels. I can very much see this situation happening a few months from now: + +* 1. Block size limit is not fixed +* 2. Halveining occurs +* 3. Price change is already priced in and doesn't change +* 4. Volume increases based on speculation of price increase & people wanting to avoid risk and leaving BTC +* 5. Joe Miner sees his projected BTC revenue cut in half and no longer covers electricity cost. +* 6. The Joe Miners one by one start shutting down their mining operations as it is no longer profitable +* 7. Hash rate drops, difficulty is stable +* 8. Block times increase past 10 minutes +* 9. Mining is becoming more and more expensive for individual miners and anyone who has to pay for electricity. +* 10. The drop in hash rate causes even more congestion on the network and block in cue are taking days to clear. +* 11. Miners who were still profitable but do not follow the news start to wonder what the hell is going on. Upon finding out that they might not get paid for weeks, decide to halt mining operations until issue is resolved +* 12. With a significant amount of hash rate gone and difficulty adjustment taking longer and longer due to network congestion, network movement grinds faster and faster to a stop +* 13 Without a hard fork and a significant changes in code - the BTC network is effectively dead + +What it means to Eth price is that Eth replaces Btc as the top de facto cryptocurrency. I see this as the best case scenario for Eth. If the BTC network dies, Eth prices should skyrocket. + +Original Thread: +we_are_waiting_a_bitcoin_riseif_i_am_rightwith + +Video Linked by Vectortrader and inspired my post: + https://www.youtube.com/watch?v=_NgFIj9dBkQ + +###If you like my posts, show some love: +**Eth Tip Jar:** 0x172453a0561CC29e36ca90af21904380fbD32D4a +TL:DR – I think the Housing market is in a bubble, which could trigger calamity when home values are no longer worth the inflated loans taken out to purchase them, which will begin to poison the Mortgage-Backed Securities they are packaged in causing further balance sheet woes for those trying to keep Marge from calling. + +Howdy r/Superstonk, Jellyfish here! I would like to take a dive into some of the housing data that has been released. + +[Existing-Home Sales Experience Slight Skid of 0.9% in May](https://www.nar.realtor/newsroom/existing-home-sales-experience-slight-skid-of-0-9-in-may) + +[The highlights](https://preview.redd.it/17evod4ly1771.png?width=781&format=png&auto=webp&s=4e74764e98a5f38a6b1a719f68ca1e996213915a) + +Ok, so the rate of sales continues to trend downward, but median home prices are **up 23.6% year-over-year to an all-time high of $350,300 with May rising at the greatest year-over-year pace since at least 1999, up from $283,500 last year and $340,600 in April.** + +The next thing I want to draw your attention to is the nifty infographic they released for the month as well: + +[\\"If there were a larger pool of inventory to select from – ideally a five- or a six-month supply – then more buyers would be able to purchase properties at an affordable price.\\" Source: https:\/\/www.nar.realtor\/newsroom\/pending-home-sales-slip-10-6-in-february](https://preview.redd.it/s43lzzspy1771.png?width=1000&format=png&auto=webp&s=e9c8b2a7d8d6ca94ce8e939f3a2a252d1465acfb) + +Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace. At these prices, inventory is slowing down: + +Previous months’ supply: + +[May 2.5 months’ supply](https://www.nar.realtor/newsroom/existing-home-sales-experience-slight-skid-of-0-9-in-may) + +[April 2.4-months’ supply](https://www.nar.realtor/newsroom/existing-home-sales-decline-2-7-in-april) + +[March 2.1 months’ supply](https://www.nar.realtor/newsroom/housing-market-reaches-record-high-home-price-and-gains-in-march) + +[February 1.6 months’ supply](https://www.prnewswire.com/news-releases/remax-national-housing-report-for-february-2021-301249009.html) (Five report records for February were rewritten: most home sales, highest price, lowest inventory, fewest Days on Market and fewest Months Supply of Inventory.)—I think this was the top. + +[January 1.9 months’ supply](https://www.globenewswire.com/news-release/2021/02/19/2178972/0/en/Existing-Home-Sales-Tick-Up-0-6-in-January.html) + +[2020 Months’ Supply](https://www.nar.realtor/blogs/economists-outlook/inventory-and-months-supply): + +[2020 Months' Supply](https://preview.redd.it/fgberyyuy1771.png?width=910&format=png&auto=webp&s=55171fb5c70e0f58cf64c8d996d14f6d50afa812) + +So, months’ supply is increasing (supply taking longer to move), sales are beginning to decrease (.9%) (demand), and median existing-home price across all housing types hit a record high of $350,300 in May, an increase of 23.6% from the year before (price). + +Stated another way: + +The current supply is steadying with current inventory not moving at the current prices and is increasing as more homes come online ([census bureau has it at \~ 4-8 months in 2020 to build from start to finish](https://www.census.gov/construction/nrc/pdf/pct_start_to_comp_2020.pdf), projects started during the pandemic will be coming online), Demand is decreasing, Median Prices has increased to an all-time high. + +Revisiting The laws of [Supply and Demand](https://www.investopedia.com/terms/l/law-of-supply-demand.asp): + +* The law of demand says that at higher prices, buyers will demand less of an economic good. +* The law of supply says that at higher prices, sellers will supply more of an economic good. + +[Econ 101, right? ](https://preview.redd.it/ihn3ycl0z1771.jpg?width=200&format=pjpg&auto=webp&s=b670d73c9b08df2b7a389cefc6e4576369128eee) + +# Umm, great, glad to see in a vacuum that the housing market is obeying the laws of supply and demand? How can that be? Surely Jellyfish you have an error in the demand? Or the numbers? Something? + +Let’s dig deeper! + +[The drop in existing-home sales represents the fourth month in a row of declines, Yun said Tuesday. “It looks like that big wave surge that we saw after lifting of the lockdown in the second half of last year is clearly receding,” Yun said. “The sales are essentially returning towards pre-pandemic activity.”](https://www.barrons.com/articles/existing-home-sales-51624318331) + +[By price point, May’s data shows a similar trend to previous months, with home sales rising most dramatically on an annual basis among the highest price points, and dropping among the lowest. “How the numbers are trending is clearly implying that the sales are tilted on the upper end compared to the lower end,” Yun said.](https://www.barrons.com/articles/existing-home-sales-51624318331) + +Ok, so this isn’t just a one-month blip in sales, and as we saw above with the months’ supply of homes, supply is continuing to hold and come online. + +But what about demand, specifically new buyers? [The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2021 shows mortgage applications for new home purchases decreased 5.9 percent compared from a year ago. Compared to April 2021, applications decreased by 9 percent.](https://www.mba.org/2021-press-releases/june/may-new-home-purchase-mortgage-applications-decreased-59-percent) + +[Applications are certainly coming down from the highs of Covid.](https://preview.redd.it/5r3r2s47z1771.png?width=967&format=png&auto=webp&s=e2fa9fd8af54baea06b0852394b79c3e23ae59f0) + +[However, even while demand for new mortgages drops, loan sizes are still increasing](https://www.mba.org/2021-press-releases/june/may-new-home-purchase-mortgage-applications-decreased-59-percent): + +&#x200B; + +[https:\/\/www.mba.org\/2021-press-releases\/june\/may-new-home-purchase-mortgage-applications-decreased-59-percent](https://preview.redd.it/74t5htkbz1771.png?width=802&format=png&auto=webp&s=e2d31996865844bee2d111d90fc9dfdaaff6ca0e) + +With the conditions of the housing market above, I believe we are entering ‘textbook’ bubble territory. + +[Source: https:\/\/www.investopedia.com\/terms\/h\/housing\_bubble.asp](https://preview.redd.it/mummtpqez1771.png?width=794&format=png&auto=webp&s=6b303163091e89afa394bb07931460d14fe0541e) + +Ok, as we covered above, demand had been through the roof and ate its way through the months’ supply from Mid-2020 to February 2021, but the supply is back on the rise and current stock is taking longer to move. At the same time, demand for new mortgages is decreasing as the supply continues to hold and increase—but prices continue to go up! + +[Uh-oh...](https://preview.redd.it/0rzzwcimz1771.png?width=884&format=png&auto=webp&s=7b59781c06dd994a2b5cdb58281a4ae8d6edde75) + +But what about delinquency rates? This can be a source to the supply... + +[https:\/\/www.mba.org\/2021-press-releases\/may\/mortgage-delinquencies-decrease-in-the-first-quarter-of-2021](https://preview.redd.it/37kkgkwoz1771.png?width=1111&format=png&auto=webp&s=67adb417af204a2721cceead4eee719b4549ab3b) + +>On a year-over-year basis, total mortgage delinquencies increased for all loans outstanding. The delinquency rate increased by 141 basis points for conventional loans, increased 498 basis points for FHA loans, and increased 297 basis points for VA loans. +> +>The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure. The percentage of loans on which foreclosure actions were started in the first quarter rose by 1 basis point to 0.04 percent. The percentage of loans in the foreclosure process at the end of the first quarter was 0.54 percent, down 2 basis points from the fourth quarter of 2020 and 19 basis points from one year ago. This is the lowest foreclosure inventory rate since the first quarter of 1982. +> +>The seriously delinquent rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 4.70 percent. It decreased by 33 basis points from last quarter and increased by 303 basis points from last year. From the previous quarter, the seriously delinquent rate decreased 34 basis points for conventional loans, decreased 19 basis points for FHA loans, and decreased 37 basis points for VA loans. Compared to a year ago, the seriously delinquent rate increased by 205 basis points for conventional loans, increased 771 basis points for FHA loans, and increased 379 basis points for VA loans. + +**Then there are those still in or coming out of forbearance with the likely expiration and non-renewal of these Covid rules at the end of the month:** + +[The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 4.18% of servicers' portfolio volume in the prior week to 4.16% as of May 30, 2021. According to MBA's estimate, 2.1 million homeowners are in forbearance plans.](https://www.mba.org/2021-press-releases/june/share-of-mortgage-loans-in-forbearance-slightly-decreases-to-416-percent) + +[Forbearance details](https://preview.redd.it/ac3v82nvz1771.png?width=1169&format=png&auto=webp&s=474f2c02fadb5f56e10f067a8cb5e8aa89aa604b) + +While it is great to see people come out of forbearance, if I am reading the numbers correctly, more than half of folks coming out are still going to have amounts that still need to be paid back on top of the normal monthly payment. Budgets are already stretched tight, [wage growth is decreasing](https://www.atlantafed.org/chcs/wage-growth-tracker), and inflation is making everything else [more expensive](https://www.reddit.com/r/Superstonk/comments/o59uyb/no_inflation_my_waffle_house_has_had_to_print_new/h2lnk5e/?context=3). + +If these mortgages begin to fail, you can bet that it will have an impact on the Mortgage-Backed Security (MBS) it was packaged into. Enough of that begins to happen, and the balance sheets that were already trying to fight inflation are now caught in a two-front war with inflation and decreasing MBS values. Throw in the fact the Fed is kicking around the idea of tapering MBS purchases (who this dog shit would get offloaded to) and the problem begins to compound! + +Tick-Tock... +I’m on benefits - I have £600 saved up and I’m in massive pain every day. I’ve been told the waiting list for surgical removals is years long and I don’t know how long I can wait with this amount of pain. + + +Should I spend all my money on getting this tooth privately removed or is there a charity that helps out with situations like this? + +Are there ways of doing payment plans? + + +I’m in so much pain and I’m scared of having no money at all but I don’t know how long I can wait to get it removed. + + +EDIT: probably nobody will be interested in an update but for anybody coming across this who’s in a similar situation: the dentist was trying to scam me. I paid for a private dentist, they sent a referral off, and a week later I got the tooth removed (for free) + + +Thanks to everyone here for the comments, it helped me feel more self assured in trying to find appropriate treatment and I would probably still be sat in pain without your responses + + +On June 10th, 2022 I received the following message on discord and was told that I had won 0.359 BTC. + +But wait, I didn't just win 0.359 btc but I also won a bonus prize. + +so like any curious and desperate crypto investor would do, I fired up and old laptop that's been collecting dust and proceeded to **CLICK ON THE LINK**. + +&#x200B; + +https://preview.redd.it/rnp472u0s6891.jpg?width=1284&format=pjpg&auto=webp&s=dcdf7b7c9ab3201da7d5a200fbb16d8aa624ac6a + +&#x200B; + +https://preview.redd.it/q9fo4z63s6891.jpg?width=1284&format=pjpg&auto=webp&s=a037f390bce2404f899fe88430a76a62e6d5234d + + I followed the instructions, registered an account with a newly created throwaway email address and then input the promo code + +&#x200B; + +https://preview.redd.it/kgx27sm7s6891.jpg?width=1366&format=pjpg&auto=webp&s=41a590c6c22c3d45b342061aa957f17c5c2787bf + +&#x200B; + +https://preview.redd.it/i1vj45x9s6891.jpg?width=1366&format=pjpg&auto=webp&s=a5448425933f9a1a46dba1ec2ac4c18e280e7216 + + + +Well I'll be damned look at my balance!!! + +I now have 0.35899520 btc, I must now withdraw it into my wallet. + +&#x200B; + +https://preview.redd.it/liacq3qls6891.jpg?width=1366&format=pjpg&auto=webp&s=55548c2099057aba51dc54194b55c0155fb64c39 + + transaction is pending, it's really working!!!!! + +&#x200B; + +https://preview.redd.it/fsezgdd1t6891.jpg?width=1366&format=pjpg&auto=webp&s=1950e91db7a3f7bda41ecd00cd73429b5af2960f + +Maybe this wasn't a scam after all, maybe, just maybe I was about to get some free bitcoin. + +15 minutes later..... + +> ok, it's taking a bit long even for bitcoin + +&#x200B; + +[ ](https://preview.redd.it/57v8wyd2t6891.jpg?width=1366&format=pjpg&auto=webp&s=895f9bf3a05193dc822124481940befdbc5b02bd) + +transaction failed because I have to prove my identity be sending in at least $300.00 worth of btc, but I would get $10,000 USD so it's a bargain right? + +&#x200B; + +Friends, I did not send in the 0.01 btc to claim my 0.359 btc but many people do. + +Don't be one of those people. + +I know everybody avoids these scam links but thought you might want to see what it leads to if you actually decided to click on one. How some people get to this final step and decide that it's a good idea to go ahead and send in the 0.01 btc is beyond me. + +Remember + +keep it secret, keep it safe +My wife and I live in a HCOL area and are avid savers. We both work our tails off and are hoping to retire in about 10 years (mid 50s). We both came from middle class families (my parents sold my childhood home a few years ago fro $70k and prior to this year hadn’t bought a new new car since 2008). Most of our social friends we have through our kids (similar ages, college educated, generally dual income). + +Like most Americans we don’t discuss our finances with people but based on various conversations I feel like we are probably going to reach FI earlier than our peers and maybe with more abilities. We aren’t flashy people (my car has 160k miles on it). We live well within our means but our earnings have grown ridiculously fast these past few years. Our gross is around $750k and that’s probably double what it was 5 or so years ago. + +Any thoughts on if fatFIRE breeds resentment? We have a lot of really good friends and the idea of being done at 57 while our friends are still working may jeopardize that? Also, is there a lot of resentment among the FIRE groups. I tried posting a progress report on r/financial independence yesterday only to have it removed. When I looked at the mods history he posts a lot in r/fijerk a lot. Seems odd to me that everyone trying to achieve their own fi would be upset with others doing the same? But that’s what brought me here. Made me realize my friends might go away if I am hanging it up at 55 while they’re still working. + +I would love some feedback. +I'm diving into the entire BlackRock report this time around guys so it's another late-night release, but I promise it's worth the wait. I think at this point we all know how much Black Rock is (likely) rooting for GME and retail given that they have a ton of shares. They also handle a ton of Retail trades. The thing is, I'm rooting for Black Rock for this reason. But Black Rock had some significant changes in net inflows and earnings (mostly good and some bad) this Quarter compared to Q1-2021. I cannot stress this enough. Black Rock has posted some significant changes, but looks strongest of all our friends. **Maybe retail gets a new friend on Wall Street in the giant they helped create at the end of this all?** Anyways, lets get this going. + +**Edit #3: after many comments saying that BLK is not our friends, I just want to clarify that I’m using the word “friends” very loosely here and not in a literal sense. I do not view any of these banks or entities as friends. My family has suffered in many ways from the previous financial crisis due to the negligence and recklessness of these entities to make financial gains. They exploited and destroyed the market and were beneficiaries.** + +**That said, BLK has the same interest in seeing GME blow up and we can find common ground there. Just like the US relationship with China when they faced war with Japan in WW2. I will be prepared to take on another front after this battle is over, but right now MY focus is on GME.** + +You can find my prior posts here: + +JP Morgan - [(70) JP Morgan \&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp; Why todays earnings release was good for GME : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/ojrn47/jp_morgan_why_todays_earnings_release_was_good/) + +Goldman Sachs - [(70) Goldman Sachs \&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp; Why todays earning release was good for GME : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/ojuvh1/goldman_sachs_why_todays_earning_release_was_good/) + +Bank Of America- [(69) Bank Of America &amp;amp;amp;amp; Why todays earning release was good for GME : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/okjs13/bank_of_america_why_todays_earning_release_was/) + +***By popular demand, a running count of a net revenue for 4 banks Investment Bank and Global Markets so far: A NET DECLINE OF \~$90.43 BILLION Q1 to Q2 - 2021 (JP, GS, BoA &amp;amp;amp;amp; BLK).*** + +Next up on our road show is **BlackRock (BLK).** + +**TL;DR: BlackRock Investment Bank saw a net revenue gain of $422 Million BUT Global Markets net revenue DECLINED $91 BILLION! Slumped to a net revenue of $81 Billion compared to $172 Billion in Q1-2021. A significant portion of this "reflect a previously announced $58 billion low-fee institutional index outflow related to a single client". I NEED HELP FINDING THIS INFO as its not specified and I cant find it ANYWHERE. I'm pumped for this one, so lets just jump in and see what we find and I'll get into the rest. Enter cheat-code(s): SHOW ME THE MONEY + BLACK SHEEP WALL** + +**ELI5: In these reports I’m looking for correlations and trends. In summary, it seems like all institutions are doing okay with investment banking but losing massively in global markets.** + +**In general, I’ve found global markets are usually a leading indicator and investment banking is a lagging indicator.** + +**What this tells me is that the global markets are starting realize stress from lack of trust, or clarity in the long-term, for economic and money market performance. While investment banking shows short-term trust by posting gains in revenue. Basically, it seems people feel okay for now but don’t trust the economic outlook** + +Lets start with the good. **BLK Investment Bank** realized a net revenue gain of $422 Million bringing the total revenue gain to $4.82 Billion and is attributed to gains in: + +1. Investment Advisory - $152 Million +2. Securities Lending Revenue - $13 Million +3. Investment Advisory Performance Fees - $211 Million (Fee growth was there 1st largest driver at 10% gains). Due mostly to their high-performing program iShare ETFs. +4. Technology Services Revenue - $10 Million (This is a huge 14% gain, and notable!) +5. Distribution fees - $29 Million +6. Advisory &amp;amp;amp;amp; Other Revenue - $7 Million + +Now, the bad. **BLK Global Markets** realized a net revenue **DECLINE OF $91 BILLION to $81 Billion.** Lets dive into each portions contribution to the $91 Billion and find the outlier: + +1. *Retail Revenue* \- $21.39 Billion or a SLUMP from $36.5 Billion. +2. *ETF Revenue* \- $75.15 Billion or a net revenue increase of $6.7 Billion from $68.5 Billion +3. *Institutional Revenue* \- This breaks it down into 2 sections: *Active &amp;amp;amp;amp; Index,* and is a **negative net revenue of $36.83 Billion.** + +* *Active Investments Revenue* \- **$43.47 Billion A STEEP INCREASE FROM $16.53 BILLION**. This is the money that's actively traded in the markets. Big deal. **This is a significant 38% increase.** +* ***Index Investments Revenue*** **- NEGATIVE $80.3 BILLION!** *Is this real life?* ***DING! DING! DING! We found out outlier.*** **A VERY STEEP DECLINE FROM positive $11.1 BILLION! THIS IS HUGE!** Index investments are typically safer as this is considered "passive income" for investors and this is alarming. This shows a large number of institutions using BLK pulled insane amounts of money from the Indexes. This is a massive red flag for me. I believe it shows a huge disbelief in the market. Typically the indexes have been safe and out performed the market. This tells me people dont trust the market anymore, and instead trust themselves actively moving their money. + +Posture check! Get your shit together because there's more. *BLK Global Markets Continued...* + +*Long Term Investments Revenue* \- $59.7 Billion A DECLINE FROM $132.64 BILLION. Now I thought others saw large declines, but this is a **WHOPPING 45% DECLINE!** Reminder: Long Term Investments typically consist of Bonds. I'm assuming until I see the 10-Q, but I'm a betting man and I bet this is because of the bond market tanking. I mean if the Bond market wasn't alarming as it was from my other reviews, it should be now. This is a VERY telling trend. Not only did we just learn from BLK that people are leaving indexes, but they're also leaving bonds. Its not safe anywhere for the Bulls right now in the stock market. Not for long anyways. *They don't reflect this in their total, but I think it shows the continued trend among banks. So yes, I separated it on purpose and its because its not considered as part of the $81 Billion for BLK.* + +1. *Cash Management Revenue* \- Down to a net gain of $23.34 Billion from a Q1 net gain of $39.19. Big drop but small in the bucket based on what we read before. +2. *Advisory Revenue* \- Negative $2.08 Billion another decline from negative $187 million. + +Now that's 3 hours of my life I'll never get back until I retired with my 1 GME share. But I mean what I said, and I hope you think this is as big as I think it is. If it isn't please poke holes in this for me. I'm starting to embrace the Bank Earnings Guy (BEG) title, and my girlfriend hates it. But I think I love you guys more now. Keep posting memes and DD. The end is near! + +Obligatory F in the comments for BlackRock. + +*This is not financial advice and is just my opinion on what the earnings report means for BlackRock. I'm just a retard who likes to gamble and loves GameStop stock.* + +Edit: source for Q2 earnings: https://s24.q4cdn.com/856567660/files/doc_financials/2021/Q2/BLK-2Q21-Earnings-Release.pdf + +Source for Q1 earnings: https://s24.q4cdn.com/856567660/files/doc_financials/2021/Q1/BLK-1Q21-Earnings-Release.pdf + +**Edit #2: Found an excerpt in an article from their presentation (which I wasn’t able to watch): https://www.pionline.com/money-management/blackrocks-aum-rises-54-quarter-95-trillion-new-record** + +**Looks like the institution wasn’t named but the Federal Retirement Thrift Investment Board announced they made a redemption of $58 Billion from BlackRock. Down in the comments folks in the military and other parts of government have confirmed this** + +**After some research it looks like they administer the Thrift Savings Plan (TSP), “a tax-deferred defined contribution plan similar to private sector 401(k) plans which provides Federal employees the opportunity to save for additional retirement security.”** +Hello fellow degenerates + +I have been DCFing into DHHF for the last 12 months and it’s been fucking BORING. + +I have lurked long enough, it’s time to join you. + +I am officially converting to the gospel of asx bets and denouncing my past. + +I want to feel sick in my stomach when my holdings release communications to the ASX, fearing a cap raise or another mining exploration fail. + +Please open your arms and accept your new brother. + +Is the daily thread where the true degenerate money making ideas live? +Every week I'll post this and the most commented recommendation will be purchased! I'll be doing this until the end of the year. Just wanted to take away the opportunity for me to make degenerate decisions and see how it ends up. If it works I'm not stopping, updates will be posted! + +Available to invest: $50 +Portfolio balance: $0 +Time for another book summary series but also the last post making these 4 nights in a row! Got to admit I’m starting to get burnt out so this will be the last one for the next week or so, but I still need to do a FY21 or 2022 outlook and that’ll happen eventually, most likely within the next month. But just in general I have done a post on sort of each topic so hopefully your unfortunate people in lockdown now have some more research on stonks you can do or another book to buy! One Up On Wall Street by Peter Lynch is one I hear a lot of good things about, but I was never too interested in largely because I thought it would focus on staying within your circle of competence and be more of an introduction to investing kind of book. But clearly, I’m just ignorant because the book is amazing! By far the easiest book I’ve had in terms of been able to just sit for an hour or so and read, he gives examples after examples and breaks everything down quite small so people with small attention spans like me can read it quite fine. For those of you in speccy miners this isn’t much help, but if you’re looking at investing in mid-larger companies and want a book, I highly highly highly recommend this! This will also just be a 3-part series as the book is quite small and I don’t want to ruin it. + +Part 1: Is This Gambling or what? + +This is literally the title of one of the chapters and it paints investing in a different picture. For any of you who don’t know who Peter Lynch he is has some great speeches on YouTube but most importantly he was the fund manager for Magellan from 1977-1990, he didn’t have a single red year and averaged 29.2% returns. In terms of investing, he is the opposite of Buffett, he is all about diversity and buying a little bit of companies, he’s also a fund manager which means he needs to sell when clients want to cash out and he needs to buy when clients buy in. But what’s the issue? Well, the majority of people want to buy stocks when the stock market is flying (LITERALLY NOW) and people want to sell stocks the more the market tanks, but this is wrong and should be the opposite way around. This means as a fund manager, Lynch has to buy during high markets and sell during low markets and is why Buffett has set up Berkshire not as a fund. + +In terms of investing though Lynch looks at it like gambling in the sense that there’s risk no matter what you do, but long term the market gives the best returns and there’s over 100 years of data that proves that. However, this doesn’t mean everyone should just invest in the stock market and pick their own companies, you have things like bonds to consider, managed funds or even physical assets like gold. Now Lynch is a fund manager so he’s obviously not going to buy other funds, or he would be out of a job quickly, but he’s also an expert so him buying stocks is not the same as me or you. But that doesn’t mean the fund managers have all the edge and he goes on to explain that the risks investors take especially the larger ones are ones which the smaller investor doesn’t need to. + +Let’s look at 2 examples. In the book Lynch discusses that its is quite often a person who works in the mines or that field will be more interested in medical stocks, whereas a person who works in the medical field such as a doctor is more interested in the mining and oil stocks. This he believes is because people love the uncertainty and risk as its easier to believe and invest in something if you don’t know all the negatives, but realistically and as common sense would tell you it would make sense for the miner to invest in mines and the Dr to invest in the medical stocks. He then gives examples of how mining companies which have done great could easily have been spotted by miners and medical companies which Drs should have noticed as they prescribed them more to clients. But what about us? What if we aren’t a Dr or working in the mines or in some specialty field? + +Well, where do you shop? What products do you buy? Where do you work, is it busy? These are the questions which people should focus on and understand these companies for investing, before branching out into other areas where they need to go out of their way and take a large amount of time to understand. For example, whenever I need something tech related, I go to JB-Hi-Fi (JBH) instead of Harvey Norman (HVN) because I like JBH more. Now this doesn’t make me a tech expert, but when I go it only takes a few seconds to ask an employee has it been busy the last couple months and so on, or you could even just look around. An example recently is Kathmandu (KMD) where they were offering sales on everything last year because they were really struggling, whereas they have stopped a lot of those heavily discounted sales because they are starting to see progress towards more normal revenue. + +This strategy could go wrong though if you are looking for a frog to turn into a prince. Lynch gives the example that he used to love buying a sandwich from this store and it was a mix of a 7/11 and a 3-star restaurant, nothing fancy but they had good enough meals that you could use them if you had guests and didn’t want to cook. He loved them and they expanded quite well in his city, they wanted to raise capital and expand into other states, he thought well this is genius! They’re taking market share up and their niche is they focus on people looking for something simple on the way home! The issue was the store didn’t expand well because what worked in his city didn’t work in other cities as the niche wasn’t as common and people did not want to try something new. So just because your company works great, its always important to consider how would they work if they scaled? + +Now these are ways in which you could reduce your risk, you would know if these stores were busy or not, especially in the company you work at. Now this doesn’t mean just buy your company, but make a list and check, because its more than what most funds/analysts can do as they have a bunch of companies to look at. A boomer stock which is a great example is Cochlear (COH) which are for hearing impaired people, and they offer implants, let’s say you used COH when they first started and found they were great or knew a family member which used them. You could have gotten in early and realised how amazing the company was and you would be doing fooken amazing currently. An analyst may have the advantage of quantitative analysis, but if you know the company or use it then its much easier for you to judge the area. To use a previous example, if an analyst says the company is going down the drain their stores aren’t doing well and you go into your closest 5 stores and the employees all say they have been packed the last few months who would you believe? Of course, there’s exceptions as you aren’t going to travel the country to check every store, but you get what I mean. + +Ultimately, investing in any stock is a gamble as there’s risks involved. But if we look at companies which we understand and know about rather than some unknown field because it has a chance of rocketing, then long term we will do much better with returns. The issues you need to make sure of though are not investing at over inflated prices and not having a bias towards wanting to buy the stock. Lynch discusses that even buying a good company at overinflated prices is going to backfire eventually and you will be left confused, so it does take some analysis to understand such as looking at earnings and the balance sheet. But it’s nothing you can’t learn in a month or two, and all of a sudden as Lynch likes to say, you are now One Up on Wall Street. +Hi, + +Have made a throwaway to ask this question because I will go into a lot of detail about my finances and don't want to do that on my main account. Been meaning to make this post for ages but haven't found the time, so bank holiday spare time has convinced me to finally do it. This has turned into a fucking massive post so who knows if anyone will take the time to read it all, but thank you if you do. + +I'm a 37 year old currently living in Bristol and working remotely as a software developer. My take home pay in my bank is currently £2720 per month, after 4% towards my workplace pension and student loan payments, but I am in debt, and really struggling to sort my life out and get started saving for a deposit on a house and getting myself sorted after a divorce in 2020 that has completely threw me off track :/ I have some bonuses coming soon which will hopefully get rid of a decent % of the debt, but won't clear all of it. I feel like my lifestyle just sucks and i'm really struggling to live alone after so long in a marriage. I will detail my budget below, please be kind as i'm trying to sort things out, there is money left, but it seems to just vanish on takeaways and extra spending when I have my daughter, that kind of thing :( + +My Budget + +Bills (£1052)Rent : £431, Utilities: £95 + £40, Phone contract (expires in August) : £43, Shopping and spends: £400, Car insurance: £43 + +Debt (£573)Car loan: £152, Bank charges: £18, Monzo charges: £12, Capital One: £122, Livelend loan: £145.99, Virgin Credit Card: £68.63, Halifax account: £25, Flex: £30 + +Savings (£210)Xmas: £50, Daughter visits: £50, Fuel: £70, MOT/Servicing : £40 + +Other (£545)Prescription: £10, Swimming lessons: £30, Football subs: £12, 1Password: £3.67, Spotify: £9.99, Netflix: £9.99, Child Maintenance: £470 + +Total out : £2356.59, Total in: £2720 + +So currently my total debt amounts are as follows: + +Capital one: £2518, Virgin: £3597, Flex: £259, Livelend: £1665, Car loan: £5397, Barclays Overdraft: £1200, Monzo Overdraft: £400, Halifax Overdraft: £136, Student Loan: £5200ish (plan 2) + +Total: £15172 (Not including student loan) + +So my budget says that there is money left over after all my bills and some savings, but I never seem to end up with money in my account at the end of the month. I am living in Bristol to be closer to my daughter who lives in Newquay with her mum, I see her at school holidays and the odd weekend through the month, I think the maintenance payment looks a little large but i'm happy with it and its not much over the CSA calculator, my ex also gets a percentage of any bonuses as well after tax and was all sorted in a court order last year when we did the clean break thing for divorce.I am paid every 4 weeks, so the £400 grocery and spends is £100 per week, which I thought would be enough when I made the budget but I seem to have massive issues with buying takeaways, going out for lunches and dinners, going on nights out and stuff like that, even though I know fine well it doesn't align with what I want from life and is holding me back massively :( + +There is some hope in the future as i am due to get a lot of random bits of money soon so this is why I wanted to make this post and make sure I didn't squander the opportunity to sort shit out and be in the same spot this time next year. I have a referral fee of £2000 coming next month, I also have an £11875 bonus coming in June (with another £11875 coming June next year, which was a retention bonus for me to stay for another 2 years) and because I am paid every 4 weeks I get one payday every year which is mine to spend how I please (pay bills 12 times a year and get paid 13 times), so July 30th will have another £2250 (£2720 - £470) to help out again, there is also the chance of a company wide bonus in June but we are yet to hear about that, could be tiny, could be a decent amount. Its been really hard for me to figure out any sort of solid final numbers for how much of those bonuses will be left after tax/ni/pension/student loan and money to my ex, but I estimate it to be between £7k-£10k in my pocket to clear down debt with. I would quite like to go on a little city break with my daughter to Barcelona as well as she's learning spanish and I haven't been on a holiday in fucking years, seriously need a break. + +My immediate priorities are to clear the credit cards, which would free up £190 per month, and then if theres enough money also clear the Livelend loan to free up another £145, and that would total up to £7780 taken off of my debt and an extra £335 per month 'spare' money. + +After that though I am still left with such a large amount of debt so it is so disheartening to know that I still wouldnt be in a position to even START saving for a house deposit for another year or so. It all feels very fucking hopeless and I feel like this is having an affect on how I spend money, like I just have a whats the fucking point attitude to it all. My housemates are currently both looking at buying houses as well so there is every chance that my house situation falls apart and I am left looking for somewhere new to live, which would obv cost a lot in deposits and first months rent....so maybe some of my money coming soon would be best used as a small emergency fund for that? + +I feel like I am doing some things right, I am paying into my workplace pension, I have budgeted for things to save for like xmas and having extra money to spend when I have my daughter, which I do dip into sometimes but also generally top back up the following month, but my spending habits, and the fact that I can't ever be arsed to cook and just fall back onto takeaway so often. I feel i'm still really struggling with living on my own and not being in a partnership to try and sort these things out as a team. I was in the army from like 19 and then moved in with my ex when I was 25, at 37 years old this is effectively the first time i've ever had to adult alone without having my mum n dad, the army or my ex to sort shit out for me and its seems so fucking hard being single. + +My number one priorities are to clear my debt (might just let the car loan roll on) and start saving up for my own house, but with the size of a deposit I would need that seems like an entirely new mountain in the distance that I don't want to even think about right now :( + +I play poker in my spare time and have around £1k in my poker account, and also have a tiny amount of money coming in from twitch and some sponsorships/deals I have so I do have a little extra income but at the moment its not something I can withdraw from, trying to build up to a point where I can do though, I say this because I don't have time to get a second job really to make anymore money. + +I'd just really like some advice on how to get out of this fucking hole i'm in and start building properly for the future. I know I waste so much money but I cannot for the life of me stop doing it, I have 2 accounts, one for bills and one for spending money, and I try to only spend my weekly £100 but it just never works out for me and I always dip into my bills account as I know there is that extra money left, I can never seem to leave it alone. I feel like I am running out of time and i'll get to old age to live in poverty and not be able to help out my daughter with things like weddings and big car bills that she might not be able to deal with. Like, I earn a decent fucking wage and want to be the parent that my parents have never been, able to help out when really needed. + +I'm really sorry if this is just a massive first world problems thread with my income and bonuses coming, but even though they will help clear down a lot of it, it's not going to clear the balance sheet entirely and my attitude towards money and spending is just fucking horrendously bad, I'd really like some help and advice because it all feels so very hopeless at the moment with everything just costing more and more and my housemates looking to move out soon :( + +EDIT: I also don't have first time buyer status anymore, we bought a house like 2 years before we divorced and sold it last year, with early repayment fees and money going back to parents for the deposit we didnt come out with much each, my chunk actually cleared another fucking credit card which was good, but yeah no 1st time buyer benefits for me anymore :/ +EDIT2: Formatting went weird so tidied that up, I pay £12 per month to my football team that I play for, £3 per week for the referee basically. I do not spend £121 on that!! :D +So in a casual conversation, I mentioned to some of my colleagues that I plan on paying off my house early. To which someone said, "You don't want to do that." + +I explained that we plan on putting down 12k towards the house at the end of every year and after doing so, our mortgage will be paid off by the time I'm 57. (Currently 43.) His advice was to not dump all of that into the house but reinvest it. + +His school of thought is investments and later retirement. Mine is debt free and part time work instead of full time, or if possible, early retirement before 60. + +Feedback would be appreciated. Thank you all for the time! + +Edit: Holy Inbox! Thank you all again for your replies. Many of you have stated that more info would be helpful. Here’s some. + +1. Current income 100k year gross +2. House is only debt. +3. House purchased 6 years ago at $555k, currently $725k +4. Financed 471k with down payment. +5. 30yr fixed at 3.875% +6. Roth IRA $6000 annually (currently at $26k) +7. Will receive pension upon retirement. +8. Would love to retire at 60. (17 yrs from now) +9. We do not see ourselves leaving this house anytime soon. +While my wife and I's personal life plan/philosophy is much more of a pseudo financial independence (i.e. creating a scenario where we require a far lower income to maintain our lifestyle as opposed to eradicating the need to work altogether), I've thoroughly enjoyed gobbling up all the content in this sub over the past couple months. Full on FIRE isn't for me but I appreciate any strategy that involves breaking out of the system as we know it. + +Having lived as an expat for the past 13 years with most of that time spent in developing countries I can admit that part of our long-term financial planning involves sticking to countries where we get more bang for your buck so to speak. + +April will mark 6 years in Mexico, a popular destination for early (and late) retirees wanting to live a freer life on a limited pension and so I've met dozens of retired or semi-retired people here along every spectrum of income. + +**And one thing is for sure: Not everyone finds the lifestyle they are looking for.** + +We love living here. We prefer the pros to the cons and have discovered a happy medium between adjusting to the "local" way of life along with recreating what we're used to in a foreign land. + +A lot of folk, however, discover that *Living Like a King* doesn't quite feel as regal (or affordable) as they expected it to - and to a great extent this is due to a misunderstanding of what taking your dollars overseas for the highlife truly looks like. + +**The Biggest Mistake is Comparing Apples to Oranges** + +The #1 reason people wind up disappointed in their newfound royal lifestyle overseas is that their vision of a King-like existence is quite literally, King-like. + +The reality is that true luxury living is expensive anywhere in the world and that you're never going to recreate your millionaire vision on US$1500-2000/month. + +What you can enjoy on such an income, however, is the type of lifestyle afforded to the top 2-5% of earners in your adopted home. + +You can live VERY well & VERY comfortably - but this also requires that you shift your idea of what comfort looks like. + +We like our house. It's perfectly nice. But we don't have carpets or a Lazy Boy, dishwasher, dryer and many other common amenities found in a typical upscale 1st world home. Our house feels like a nice *Mexican* house and the expats I know who wish their place to feel like a nice North American or European home pay through the teeth to make it happen - perhaps less than they'd pay at home but certainly to the extent that their lifestyle requires more than a couple grand per month in upkeep. + +*Living Like a King requires a shift in perspective.* **Period.** + +Most imported goods meant for the affluent will cost you more in the developing world than you pay at home - part of living like a King means adapting your tastes for more local delicacies. + +**But that's not to say the benefits of moving to a cheaper country aren't real. They are real. It's just that these benefits are not applicable across the board.** + +Labor/services are crazy cheap. Should it strike your fancy you can never take your own garbage out or lift a finger to clean for the rest of your life. Same goes for gardening or pool maintenance, etc. + +But cheap labor also comes with caveats as staff not always understand what is expected of them, even when you speak the language. + +Same goes for car repairs, plumbers, electricians and on and on. + +And health care costs a fraction of what you pay at home (at least for Americans), too - perhaps it's not "as" good but in most circumstances you're fine. + +Eating out is cheap. + +But a $3 meal in Mexico comes with $3 surroundings. Nice enough but it's not going to be as comfy as Tony Roma's or Sizzler. + +Going to a properly nice restaurant still costs real money. Less real money but real money nonetheless. + +My point is that living as an expat can be amazing and I absolutely love that we have the freedom to control how much we work/earn by virtue of how low the cost of living is here but our day-to-day living looks little like it would if we lived in the US. + +It's not better or worse, it's just different. So if your plans involve beating feet to the 3rd world as soon as you've got half a million dollars in the bank, just remember that *Living Like a King* really means *Living Pretty Damn Well on Little Money* and not tossing money out the window of your Cadillac like a rap star. + +**EDIT:** + +So...quite a few people are misreading my intent here. + +I am not saying that a dishwasher, recliner and dryer are unattainable luxury goods in Mexico. I could buy these things if I so desired. I could go into town today, buy a dishwasher, put it in the truck, drive home, plug it in and wash the dishes. + +I could lay carpet from wall-to-wall...buy a vacuum...and then fight vacuuming up beach sand for the rest of my life. + +I am not saying that Sizzler is the pinnacle of dining excellence. I am saying that a $3 meal in Mexico won't be eaten in an air-conditioned building on a padded chair...a $10 meal will. + +I am not trying to paint a picture of a floral-shirted white guy squatting over a bucket in third-world squalor in order to save a buck or two. + +What I am saying is that life as an expat is different. + +If we look at the situation more abstractly, let's say that there are 100 factors of comfort/convenience that the average middle class North American/European enjoys...and that on average, a middle class Mexican enjoys 75 of these same amenities. + +That leaves 25 amenities that you can choose to upgrade or choose to adapt to the local style. + +If you choose to take all 25 upgrades you won't be living on $1500/month....but you can do, say, half of them and still live well on, say, $2000 (approximate numbers). + +Perhaps for you being able to dry clothes in a machine versus hanging them on the line is more important than having an XBox One & flatscreen in your bedroom...for us, we prefer to have the Xbox, something that costs a LOT more to buy in Mexico vs. the US. + +Perhaps for you it's worth spending double on food stuff every month in order to eat only imported food that you know and recognize but you couldn't care less about having a fluffy USA-style sofa. Maybe someone else pays for the American furniture but eats nothing but local food. + +It's a game of picking and choosing what's important to you...not a dearth of goods/services. + +My point in this post is that if you want your life to look/feel EXACTLY as it does at home, then you're unlikely to see HUGE savings in cost of living. + +My point is that the "Live Like a King" lifestyle requires that your vision of royalty be shaped according to your surroundings...with enough sprinkles of "home" to be the icing on the cake. + +Here are perhaps some better examples of shit you've got to get used to unless you want to pay out the nose: + +**Our hot water heater and oven run on propane.** + +I quite literally have to connect a propane tank, just like you do with your BBQ (and yes, we own a BBQ, too)...when the gas runs out it stops working...I have to disconnect the tank, connect a new one and then put the old tank in the truck and drive to the gas depot or hardware store to change it for a full one. Sometimes this happens mid-shower...sometimes it happens mid-meal...sometimes you get to the hardware store and they are out of gas. + +It's a pain in the ass. It's not as convenient as having an endless supply of natural gas pumped into your home. It's not as convenient as having an electric oven that you can set to an exact temperature. + +You can either get used to it or you can find a middle-ground solution like buying 3-4 extra tanks to store in the garage or you can pay a lot of money to get a giant tank installed and have a propane truck come periodically to fill it. + +Each of these options carry different price tags, from zero extra dollars up to thousands depending on where along the spectrum you want your convenience. + +**Gravity is the standard method for producing water pressure in the home** + +Most Mexican homes have a tinaco (tank) on the roof that is filled with a pump from an underground cisterna (bigger tank, haha)...all water pressure comes from gravity...meaning that a one-story home won't have a shit ton of pressure. + +You can (a) get used to it or (b) install a water-pressure system....which will cost money and possibly cause problems with other plumbing fixtures in the home that aren't designed for that much pressure. + +When I go back to the US and take a shower it's abso-fucking-lutely amazing...like I'm at a water park. It's phenomenal. Bigly. + +But it's not worth the money/headache to recreate my Yankee-Doodle shower here in Mexico - I clean just fine with less pressure. + +**Power goes out more often** + +It's not THAT bad but the power goes out (at least for a minute or two) often enough that I stopped using a desktop computer for my freelance writing work and we never set the clock on the coffee maker or microwave because some time within a week or two we'll lose power at least long enough to send it back to blinking 12:00. + +Internet goes out more, too. + +Not THAT bad but enough that it's not the same. + +I'm not trying to say that living as an expat involves a massive reduction in quality of life...shit...not at all. We have a killer pool and a sweeping ocean view that would cost two million bucks to have in So Cal. Eating out is so cheap we don't even consider price when thinking out whether we want to go to town or eat at home. Going to the cinema costs a few bucks...going out drinking is stupid cheap...and labor is so inexpensive that you could, in theory, do almost nothing yourself. It's like $4 to have the car washed and vacuumed, Armor All on the dash and tires, while we go to a coffee shop and pay $1 for an amazing coffee made with fresh organic beans grown 2 hours away in the mountains --- but the chairs are shitty, uncomfortable stools and not big green Starbucks loungers. + +I think expat life is incredible and even if I win the lottery this summer (I buy a ticket every time I go back to the US) we would still live somewhere that was neither my wife or I's homeland...we'd likely move to Spain - but that's another story. +How legitimate is the content posted on Zero Hedge? I've found myself reading the site recently, and to me it always seems as though they have a 'the sky is falling' mentality. What are your thoughts on the blog? I'm usually a really big Matt Levine guy.. so I wonder if he's just skewing my view with his god-like understanding. +In an effort to help educate the newer community members on our current situation, we are now putting our a Smooth Brain thread on Sundays. +This thread is a place where you can safely ask basic questions and have healthy discussions about basic topics pertaining to the GME situation. +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Please be kind and patient, we were all new apes at one point.** + +^(FAQ:) [^(https://www.reddit.com/r/Superstonk/wiki/index/faq)](https://www.reddit.com/r/Superstonk/wiki/index/faq) +Say I am selling CSP. Since we are in a bear market, it is likely to get assigned. If getting assigned, when choosing for the price to sell covered calls, is it better to just sell covered call right at the last covered puts price to maximize premium and increase the likelihood to get assigned again? +As I learned from many of you yesterday. Instead of waiting for tesla to fall to $500, if ever to go in. I will sell cash secured puts weekly at $500 strike price until I am assigned to collect all the premium, or lower strike after a week or two depending on market conditions. I will sell weeklies though. +20 years old, been making about $35k for 2 years now at my job. No debt whatsoever. Car is paid off, insurance is $100 a month. I have very low expenses and park over 50% of my take home pay. Credit score is 740. I have $15k in savings and a 3% down payment would be about $4500 excluding closing costs and whatnot. + +Can I buy a $150k multi family home in upstate NY with 3% down under a FHA loan? Or any other assisted loan for that matter? What are my odds of being approved for a loan? +Planning to rent out one unit and live in the other. +Not sure if this is the right place to ask this but I’m putting my house on the market and once it’s sold I’ll be sitting on a good chunk of change. But here’s my dilemma do I rent or buy? I keep hearing I should wait to buy when the economy takes a turn, but no one can really predict when that will be. Also, I’ve never rented before so it’ll be a little odd. I’m still willing to do so if that means I’ll end up getting a better bang for my buck later down the line. If the economy does take a turn, then I’ll be able to buy 2 homes. One for residential and one as an investment property. +Hey all, I just joined this sub so apologies if this information is already posted somewhere. I am a 25F who works the typical 9-5 office job, and I cannot possibly imagine doing this for 40 more years. Me and my fiance have been saving money for the last 2 or 3 years to buy a house, but lately I've been thinking a duplex or triplex might be a better idea because we could possibly house hack it. I've had so much trouble finding anything on the market in our price range, everything sells in a day for just ridiculous amounts over the actual value of the house. + +I guess my main question as I'm starting out is, should I keep waiting for this impending "housing crash" to hit? Or just get into the market as soon as possible? + +What credible sources or books would people recommend reading for beginners? +I bought the house across the street for me, a 4 bedroom 2 and a 1/2 bath ranch For $320000. I've been receiving rental applications and I got a section 8 housing voucher application for 3500. I listed the property for 2400. And I've already decided that I'm not going to accept it. But if they're approved for 3500 does that mean I could charge them 3500? +U.S. equity valuations have become a "total nightmare" fueled by "young and dumb" investors, according to Cole Smead, president and portfolio manager at Smead Capital Management. + +At present, investors are paying 22 times forward earnings to purchase stocks on the S&P 500, 50% higher than the 10-year average valuations across the index. + +The forward price-to-earnings (P/E) ratio divides the current share price of a company by its estimated future earnings per share (EPS). + +Much of the market rally which took the U.S. benchmark from correction territory in March to an all-time high in August was driven by tech megastocks and a bullish options market. + +"The buying that went on in August and September is a 10-year phenomenon the likes of which we have never seen, among millennials and in the risk-taking among people that don't want to own bonds and want to own overpriced U.S. quality businesses, it is of record proportions," Smead told CNBC's "Squawk Box Europe" on Thursday. + +He added that current valuations were an example of "stock market failure" driven by millennials speculating in the stock market for the first time. Smead projected that markets could be in for a nosedive since despite its monetary policy shoring up credit markets, the Federal Reserve "can't save a stock market." + +"They are buying bullish call options that expire inside two weeks. There was ($500 billion) of bullish call options bought in a four-week stretch by small retail traders," Smead said. + +A call option is a contract between the buyer and seller of the call to exchange a security, in this case a stock, at an agreed price. + +"In '99 it was $100 billion, in '07, it was $100 billion. That is what young, dumb investors are doing and when the market makers see those (call buying) out there, they sell that call to that person and they buy the stock," Smead added. + +He suggested that the willingness of wealthy investors and the baby boomer generation to "ride the index to a fault" and overpay for stalwart American businesses such as Costco and Microsoft was also detrimental. + +"Microsoft is a wonderful company, but at 40 times earnings, there is a 0% chance of that producing wealth for someone over the next 10 years that will meet their needs." + +Despite a sharp tech sell-off in early September, Microsoft shares remain 40% higher since the turn of the year, while fellow tech titans Apple, Amazon, Alphabet, Facebook and Netflix have all been on a tear since March's crash. + +[Source](https://www.cnbc.com/2020/10/15/smead-nightmare-us-stock-valuations-driven-by-young-dumb-investors.html) +Today i did my first day trade of a spy call and it turned out well thanks to some advice from here. Any other stocks yall like to play on a weekly basis? +I've spent a lot of my time playing video games and hanging with friends all while believing I still had plenty of time with my father and grow. He was a family man who was happy to be there for us. My dad unexpectedly died and now while I'm the youngest, I'm going to be in charge of everything. planning the funeral, Talking to creditors, insurance companies, cell phone, his HR, the VA, we live in military housing but we won't be able to stay so ill soon enough have to look for a house to buy. I have never budgeted before, never had any large sum in my account, never have to pay rent and so forth. My mom and brother both have a disability that makes it hard for them to handle anything beyond house chores. That's okay, I'm happy to step up for them on this. + +My father was a private man about money, he was carefree about expenses, never liked to discuss any sort of plan of "what comes after". I'm scared, lost and overwhelmed. In a fog of grief. I miss him and want to do all of this right for our family. + +Does anyone have any tips to help them stay organized? What are some questions that are good to ask talking to certain companies/situations? Common things to be careful of? + +Thank you for taking the time to read this. + +Edit: Wow, Thank you everyone so so much for commenting, and for future ones. I did not expect to recieve so much support and am so grateful and humbled by it. I have been doing research but it's nice to have a more personal response to help me stay focused. + +Some extra info; + +\-For Military side of it, my father was retired navy for 24years.He had a job he was working and they are being very kind and i speak to their HR soon. Im also going to contact a VSO to help me. + +\- Funeral costs. I am okay on that end. I made a gofundme to at least get him back home since he passed in another state, and people were generous, so I have that covered as well as the service. After, his final resting place will be in Arlington which is a wait but I will get it done. + +\-Some mentioned his phone, which I have no idea where it is now. The incident took place in water so I am concerned his phone and wallet may have been lost as it's not with his "personal belongings". it's also possible the police have it. I'm still making calls. + + + + +Edit: (11/24/21) It's been a few months, I have been so busy I haven't responded on here but I did want to mention I come back often and reread this and find a lot of comfort in everyone's well wishes and advice. I am extremely grateful for this platform and you guys being so supportive during a time while I wrote my post still in shock. Thank you again. +[IT Dept Email](http://imgur.com/gallery/TkMLAHz) + +I posted in the "Where there's smoke, there's fire" thread that I work at a large regional bank that was experiencing system issues that prevented us from doing large funds transfers today. + +I don't think its necessarily fuckery, just a weird day to suddenly not allow people access to their online accounts or funds transfers. Fits with the theme of the thread. + +Anyway here's the proof + +--- + +***This is not financial advice!*** +*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team. +Submitted posts are unedited and published as long as they follow r/Superstonk rules.* +I feel sorry for the real investors that found this subreddit, I mean honestly can you imagine you’re a 40 year old seasoned investor, cocaine stuck in the links of your counterfeit Rolex, finally got the funds to make a real move. And you hear about this sub and decide to join for some good discussion on what to do with you money. Holy fuck lol + +I Fucking love it, every time I’m on this sub I laugh my ass off. Seven hundred fucking thousand degenerates gather in one place. I’ve never felt more at home. + +Anyways I followed some advice I got here and now I’m so far in debt, the only way I’m getting out of it is by committing disability fraud for the next 5 years. Puts on DIS + +EDIT: brb gonna microwave my head for 45mins + +EDIT 2: yes I died +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Hey lads, how's it going? Good? Me too, I suppose it's Friday after all. But enough with the small talk, I just wanted to get a bit of an insight into how you lot are doing from a financial performance perspective. + +Bit of a background from me, I started out investing in my first year of uni in 2015 and I was big into the penny stocks. Anything other than 30% swings didn't excite me. Lucky for me at the time I didn't have much money to lose, but make no mistake about it, for every dollar I made I probably lost $30. I've since changed my strategy and have done extremely well with ASX200/300 stocks over the past 3 years (2018 +50%, 2019 +50% and 2020 +120%) + +So here's my question to you. How successful do you rate your performance dabbling in the penny stocks. I'd imagine a lot of you would have had a hard time, but there is obviously other aspects to consider e.g. the excitement, comradery, the hopes and dreams of picking the next FMG etc. + +Please share your performance, experience and I suppose where do you see your strategy going forward? Still penny? A mix perhaps? YOLO-EVERYTHING-ON-RED? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +After getting mad FOMOlosing money on boomer stocks I've finally had enough. + +How do I find these meme stocks before anyone else? CPH? Bruh what?? It feels like all of you retards found that stock early on and I'm thinking what? Am I so out of touch? Or is it the children who are wrong? +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Revenue: $51.04 billion vs. $49.78 billion, as estimated, according to Thomson Reuters + +EPS: $3.27 per share vs $1.26 per share, as estimated, according to Thomson Reuters* + +AWS revenue: $5.44 billion vs. $5.25 billion, as estimated, according to FactSet + +Amazon's revenue, which includes sales from Whole Foods, increased 43 percent year-over-year. Its North America revenue jumped 46 percent to $30.7 billion, while international sales grew 34 percent to $14.8 billion. + + +Amazon's cloud unit, AWS, continued to be the growth driver of the company. For the quarter, AWS sales grew 49 percent year-over-year, to $5.44 billion, while generating $1.4 billion in operating income, a whopping 73 percent share of Amazon's total operating income. + + +In a prepared statement, Amazon CEO Jeff Bezos highlighted the massive success of AWS. + + +"AWS had the unusual advantage of a seven-year head start before facing like-minded competition, and the team has never slowed down," said Bezos. "As a result, the AWS services are by far the most evolved and most functionality-rich." + + +During the earnings call, investors will look for clues around Amazon's plans for political damage control, further growth in its dominant cloud service, and investments in new segments, like Alexa and logistics. + + +Amazon continues to outperform the market with its stock up over 20 percent this year. + + +Amazon gave revenue guidance in the range of $51.0 billion to $54.0 billion, in-line with street estimate of $52.2 billion. + +https://www.cnbc.com/amp/2018/04/26/amazon-earnings-q1-2018.html +Our family is considering buying a weekend home in upstate New York a couple hours away near the Hudson river. Prices for what we're looking for are close to $1MM (partially because of the pandemic), and property taxes can be $20,000 per year as well. Although we can afford it, these costs (especially the property taxes) are making me balk and making me wonder about listing the place on AirBnB. + +I know second homes aren't a great investment, but I do think we'd use it a lot. We plan to use the home on weekends (\~1/2 of weekends) and a couple weeks in the summer. Other long vacations we plan to still travel, which means that many holidays would be available to rent. Avg prices for this something like this in the area on AirBnb are a minimum of $500/night, up to $1,000 or more during in demand periods. + +Curious about people's experiences doing something like this. Obviously this means more wear on the house, less flexibility in us using the property (but I think we'll usually know 2 months in advance when we want to use it), the need for us to be able to put personal items away, and probably the need to hire some kind of local property manager. But it seems that it might be a not too stressful way to cover most taxes and maintenance costs, and maybe even earn a small return. + +I think we're set on the second home idea, but the remaining question is how much do we want to spend, and I wonder if the possibility of AirBnbing the home changes that. +I originally was doing 50% VTI, 25% QQQ, 15% VYM, and 10% VB, but I have found the returns are quite similar and these funds have significant overlap/saturation. + +I am considering doing 100% VFIAX, which is the mutual fund variant of the S&P 500, that will allow me to do automatic deposits - $500 a month and automatic dividend reinvestments. + +For being a relatively small amount of money a year ($6,000), I am not too concerned about diversifying or adding bonds. I feel that 500 of the brightest companies are decently diversified and should do well over the long term (30 years plus). + + +Considering that 86% of people can’t beat the market, why not just buy the market?? + +My plan is to deposit $500 a month into the S&P 500 in my Roth until I retire. And do small dollar amounts in taxable accounts in single stocks just for fun/speculation. + +Curious everyone’s thoughts on this plan… + + +Thanks +Hello all, + +I am considering 4 ETFs for my roth as an 18 year old, father to two, with untapped inheritance, future retirement in CT, entering BS/MD program + +Starting off, I would add 1500 each every year to VT, QQQM, SMH, and AVUV. + +VT - total market. Low risk +QQQ - heavy tech tilt, large US Cap +SMH - all tech, semiconductor specific with a solid future, phenomenal companies for top ten holdings +AVUV - small cap tilt (my weakest conviction). + +Please provide input and alternatives. +Hello all, + +I am considering 4 ETFs for my roth as an 18 year old, father to two, with untapped inheritance, future retirement in CT, entering BS/MD program + +Starting off, I would add 1500 each every year to VT, QQQM, SMH, and AVUV. + +VT - total market. Low risk +QQQ - heavy tech tilt, large US Cap +SMH - all tech, semiconductor specific with a solid future, phenomenal companies for top ten holdings +AVUV - small cap tilt (my weakest conviction). + +Please provide input and alternatives. +I just turned 30 and wanted to know if my investment portfolio is good for my age, 100% VTI with 100% of my paycheck every two weeks. I would like to know if there is anything I should add, thanks! +My mom has some money she would like to invest in the market and i suggested that she invested it in VOO. Do you guys recommend DCA or lump sum? Thank you +Proof was posted today showing routing of buy orders through dark pools in order to hide demand and suppress the price. + +Meanwhile all sell orders are going through regular channels to make it appear as if people are selling and there is no demand. + +THIS is what should be residing high up for all to see. + +https://www.reddit.com/r/Superstonk/comments/n95vzr/someone_is_turding_in_the_dark_pools_again/?utm_medium=android_app&utm_source=share + +***For those who state Dave Lauer disproved this, he [commented](https://www.reddit.com/r/Superstonk/comments/n95vzr/someone_is_turding_in_the_dark_pools_again/gxomcql?utm_medium=android_app&utm_source=share&context=3) on the above Reddit post saying he has yet to see what we're referencing and that he's going to dig into the data. + +Legitimate findings are being posted all the time, let them get researched before drawing your own conclusions so we can all progress forward, not backward, upward, not forward and always twirling, twirling, twirling toward lift off, thank you*** + +Meanwhile bullshit mayo memes are being pumped and this GMEisME noise rammed down people's throats. + +They are actively robbing you and suppressing the price. They are going to drag this out as hard as they can. + +Don't lose faith, don't lose hope. If they're doing something so blatantly illegal for all to see they have to be desperate. + +Upvote the solid info, especially anything explaining price drops that make no sense. + +Sure, memes are a cornerstone, but we don't need the same shit spammed endlessly. + +Patience and time are our weapons as the hedgies wait and bleed. They get more desperate and attack further only to give use sweet sweet discounts on a larger pile of tendies. + +-----‐----------- + +To the shills voting this down; + +While you're paid to do so, be smart....Buy and hodl a few shares, we know you want Lambos too... +25 years old, split on which way I should be investing. + +This posts consists of my individual brokerage, my Roth has monthly contributions into SWPPX and SWTSX. (Both accounts with Schwab) + +My portfolio is split between dividends: (AAPL, ABBV, AVGO, LMT, NEE, V & VZ) + +and Growth: (NIO, CRSP, BFLY, DM, PLTR, TDOC, SQ) + +I have made a few posts here and received valuable insight but still am wondering a few things and of course the answer really depends on each individuals goals. My personal goal is to simply build another source of income by my 40s, not necessarily to start an early retirement but to take a load off of daily expenses to provide stability. + +I have the finances to invest pretty aggressively, around $1k - 1.5 a month, and I read some people instead just put it in an S&P fund or QQQ (or something similar) rather than individual dividend picks for a better result in the same timeline. I also read that people go 100% growth and then down the road allocate the capital into dividend stocks. I also read that people my age start into dividend growth stocks and keep it that way. + +Just wanted to get some more insight as I am split on which way I should be going and if someone is in the same boat. Thank you. +**Introduction**: This post is part of an ongoing monthly early-retirement series that will continue indefinitely, provided that the voting reflects the view that it is still seen as relevant to the community. I suppose that this is my way of giving back to a movement that helped me tremendously on my journey. As this post has become increasingly popular based on the number of views and comments, and as my desire to spend a great deal of the first day of every month on reddit has significantly waned, **my responses might be limited**. Career and background summaries are provided at the end and repeated every month. Please check those sections as well as the comments and posts from previous months to find answers to potential questions. I genuinely appreciate all the thanks and well-wishers, even if I don’t take the time to say so individually. + +**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772. My maximum withdrawal rate is 3% of each year’s starting balance, provided that the portfolio remains above $1M. Should the portfolio drop below $1M, I will lock back into a maximum $2500 per month ($30k per year) guardrail withdrawal until the market recovers. I realize that this is not the holy Trinity method, but consider these three factors that give us flexibility: a 3% withdrawal rate is below the 100% historically safe mark of 3.2% for fifty-year portfolio survival, the extended bull market peaked us nearly 20% above the original target amount (meaning that $30k annually is actually 2.5% instead of 3% if restarting from the peak); and our actual withdrawal rate has averaged less than 2% of the original portfolio balance thus far due to earning additional income. The budgeted withdrawal amount is $2773 per month for 2018. In 2017, it was $2564 ($2618 adjusted for inflation). + +**Spending**: Living expenses for the month came to $2750. This is $23 under the 2018 monthly targeted amount of $2773. Our spending is 0.8% under budget for the month, 10.1% under for the year, and 12.7% over since retirement. We generated $5140 of income this month from a tax refund, my wife wanting to work, and some of my old book royalties. Our investment withdrawal was -$2390 this month (a $2390 deposit), thus our pro-rated, annually-adjusted withdrawal rate is -2.59% for the month, -0.89% for the year, and 1.58% since retirement. Without the additional income stream, our pro-rated, annually-adjusted withdrawal rate would have been 2.98% for the month, 2.70% for the year, and 3.38% since retirement. + +**Investments**: The portfolio went from $1,155,635 to $1,114,925 (a 3.52% decrease for the month), which went up to a new total of (drum-roll) $1,117,315 after cashing the checks and paying the bills. This is an 8.9% increase from the original starting balance of $1,025,772, even after withdrawals of $12,349 for living expenses over nine months. Since retirement, capital income from the investment portfolio has produced the equivalent of a full-time employee generating $66.60/hr of labor income. To sustain the original portfolio balance, $16.98/hr is the pace needed for COL based on spending rate; $7.92/hr is the pace needed for COL based on withdrawal rate. Ignoring possible dividends, VTSAX (62% AA) went down 3.9% this month (1.3% up for the year); VFWAX (21% AA) went down 5.2% (0.2% up for the year); VWLUX (17% AA) went down 0.8% (down 2.3% for the year). + +**Reflections**: Given the wild ride of the market in February, I suspect that many subscribers are curious about my level of investment panic. These are the ten best reasons why I have none: my withdrawal rate thus far has been less than one-half of the 100%-historically-safe fifty-year portfolio survival point (1.58% versus 3.20%); the market showed that I retired well below its maximum appetite when the portfolio increased a further 10% above my goal amount by year-end 2017 (and nearly 20% by the 1/26/2018 peak); portfolio survival is best understood when considering its correlation with CAPE, and nothing has actually changed there (e.g., $1M at peak market value is no more/less historically safe than $900k following a 10% drop); my model still has no reliance upon social security, supplemental income, inheritance, or home equity; I understand the inevitably of corrections and am still light years beyond where I would have been financially if I had listened to any of the dart-throwing monkeys offering their advice over the years on when to jump out; starting a new career at some point seems inevitable considering that I burn through interests, goals, and accomplishments rather quickly; a market downturn due to something like wage inflation is for the overall good of society (and for the good of those new to the financial independence movement); a market downturn would (fairly or not) reflect poorly upon the one person who is already widely regarded by intellectuals as a demagogic moron; my 100-point gratitude list is embarrassingly rich; and I will never regret leaving work since it was for the sake of my physical and mental health, not because I had met my financial goals. Sure, I wish I had temporarily jumped out near the market peak, but I’m also glad I didn’t jump out in 2008/2010/2011/2015 when the monkeys were howling just as loud. + +**Experiences**: I posted a 1:25:04 in my half marathon to earn my first age group award and first top 1% finish (4th out of 406). My previous best was 1:27:57. I miscalculated/overestimated the effort necessary to go sub-1:25 upon completing Mile 12, conceding that I could not go uphill at 6:10/mi pace when it was actually 6:25/mi that was needed. It’s easy for me to suggest this now, but I feel that I could have found a way to shave five more seconds. Math is hard when you are deprived of oxygen. I finished watching Game of Thrones, which I placed at #11 on my favorite shows list. I played the rest of the Gamecube games that I never got around to experiencing, including the excellent Tales of Symphonia. The controller however nearly ruins the system. I am now finally caught up for the first time since 2005 on having played every game, listened to every album, and watched every film that I own. My parents recently had their house and farm appraised at $800k (up from $500k five years ago), which is good news when considering potential inheritance. I neatened up the driveway a bit and detoured water flow in our woods so that we have a small creek after a rain instead of having everything continue to run into a growing sinkhole. I spent a whole day hanging out with an old friend, listening to what he thinks are financially responsible plans for a large profit from the sale of his house. My solicited advice was analogous to a horse and water. + +**Upcoming**: I have nothing major planned this month because Final Fantasy XV gets a PC release on 3/6. I resisted buying a PS4 to play it for over a year. Training intensity will also peak due to my full marathon taking place on 4/7. It’s the state championship, so we’ll see how that goes. These two events will occupy most of my free time in March. I’ll also be doing whatever the fuck I want. + +**Career**: I am a former retail pharmacist who hated his profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, capitalism gone amok, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors (1997-2001) and a doctorate (2001-2005) before joining the workforce for nearly twelve years (2005-2017, entirely with CVS). $150k in education costs were covered by academic scholarships ($25k), employment during college ($20k), prior savings from high school employment ($5k), revenue from an eBay business while in college ($10k), and massive help from my parents ($90k). My salary plus compensation went from $115k in 2005 to $150k in 2017. My savings rate was about 70%. + +**Background**: I retired at the age of 38 on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. We live in LCOL rural TN. Our asset allocation goal is approximately 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds). We also hold roughly $400k in house, land, and belongings not included in the portfolio. My spending model places no dependence upon supplemental income (future employment?), social security ($10k/yr?), inheritance ($500k?), house equity (no heirs?), universal health care (probable?), or universal basic income (possible?). The final balance will be left to charities and worthy causes. + +If you want an NFT dividend and have held more than $25,000 dollars worth of GME for at least a year, or $15,000 dollars worth for two years, or $2,000 dollars for three years, then you have the chance to make it a reality by issuing a shareholder proposal. It needs to be received by the Secretary, at GameStop Corp., 625 Westport Parkway, Grapevine, Texas 76051, before December 22nd. That is only 14 days from now. I would 100% be doing this but I started buying GME in June 2022. + +All credit to this idea goes to /u/jforest1, who made a post about this but had it heavily downvoted…which makes me think that its extremely useful. Here is a link to the post: + +[https://www.reddit.com/r/Superstonk/comments/yy5wal/shareholder\_proposals\_101/](https://www.reddit.com/r/Superstonk/comments/yy5wal/shareholder_proposals_101/) + +A shareholder proposal is your recommendation or requirement that the company and/or its board of directors take action. Your proposal cannot exceed 500 words. + +You must also provide a written statement that you intend to hold the requisite amount of securities through the date of the shareholders meeting for which the proposal is submitted. + +You must provide the company with a written statement that you are able to meet with the company in person or via teleconference no less than 10 calendar days, nor more than 30 calendar days, after submission of the shareholder proposal. + +If you are a registered shareholder, which means you’ve DRS’d your shares and they are under your name, Gamestop can verify it on their own. If you have them at a broker, you need a written statement from them verifying the $25,000 of GME held for one year, $15,000 for two years, or $2,000 for three years. + +One thing you cannot do in your proposal is state a specific amount dividend be issued. So don’t say “Issue at least $1 dollar worth of GME NFT” or something similar. + +You must present this statement at the 2023 annual meeting. If you are worried about speaking publicly over the phone, know that you are not pitching the idea to strangers, but declaring what thousands of your friends support and want, who are all standing behind you, rooting and cheering for you along the way. + +Don’t let the recent rally distract you or cause you to procrastinate. There have been multiple rallies this year, all short lived. If a proposal isn’t submitted this year, we’ll have wait a full year before we get another shot at it. +Since $APE is going to have its own ticker, it stands to reason that we should ban referring to it just like mention of sticky floor has been banned. I will admit that the ape culture/imagery has never really resonated with me, but I think this would be a good time and way to differentiate ourselves from our well-meaning but ill-informed neighbors. This will probably get down-voted to hell, but thought I would float the idea. +🦅 $RavenX Token!!! + +A automatic hard coded charity donation (5%) to the Binance Charity !!! + +I am not part of the team, however, I think I have just found a GEM. 💎 + +Right now it is just about to blow up, everyone's holding the coin hard and they have a big vision in this project!! 🙏🏼 + +I've been in the telegram group almost from the beginning and the community is helping each other out a lot and the team is just amazing they're working god damn hard to make this happen and theyre very trustworthy, always open and helpfull to the community. ❤️ + +Website: ravenx.finance + +Bscscan: 0x8891de345808e77228677f0efb56125db1e93a49 + +Telegram: t.me/RavenXfin + +Poocoin chart: 0x8891de345808e77228677f0efb56125db1e93a49 + +Pancakeswap V1-V2: ? + +Fair launched, audited, community owned. Contract is safe and secure. ✅ + +There's a 5% fee per transaction: 5% sent to the Binance Charity donation wallet (link the proof) , 2% distributed to holders and a 2% burn. ✅ + +DYOR, this is not investment advice. But I got in some projects that mooned well but this one I really think this is one of those rare rare rare gems, and has BIG POTENTIAL!!! ‼️✅ + +They've already donated 750k in donation to the Binance Charity and there's premium Whitebit and Reddit marketing has been paid by the team right now at the moment im writing this post... ‼️✅ + +As an investor, you should always be aware of where your money goes. Go take a look here you could realize that your investment IS changing lifes and helping the environment!!!! BULLISH 🙉 +www.binance.charity Read carefully :) + +ps. hodl and thank me later 💪🏼 +Was just offered a new contract for $900k in company stock options that vests over 3 years. $300k in the form of ISOs ($100k/yr), the remainder in NSOs. + +This option agreement is my best opportunity to achieve early FatFire dreams. Appreciate any insight or resources this amazing community can offer! + +What questions should I be asking before accepting and how can I best be setting myself up as these options vest? + +Are options of this size typical or should I be asking for something else? + +My network is mostly in finance or the RSU tech startup type - and I can't find anything on the internet about how to handle an option package of this size... Maybe there's nothing special to be doing? But for some reason I can't help but feel suspicious / insecure about this... Very grateful for any insight! + +Background: +- Work for Direct to Consumer "startup brand" +- Yearly salary $350k +- Company probably will not IPO, but is already profitable. Will likely look to be acquired if the offer is right, but could also just exist for a long time as a profitable company. +June 3 RC Tweets: + +&#x200B; + +https://preview.redd.it/5xq2lmuk1cg81.png?width=525&format=png&auto=webp&s=a390fab62fe3342c8695a9e3966d429436a351fe + +An emoji Skull and Sears. + +What is a skull? How about a MEMENTO MORI: + +&#x200B; + +https://preview.redd.it/9rgza86w1cg81.png?width=406&format=png&auto=webp&s=1c53cdc6182f8418d93ecbc44ce012222ce3f8ca + +So what does MEMENTO and SEARS get you? + +How about this SOLID GOLD letter from Family Fund MEMENTO to the board of SEARS calling on them to defend the stock from rampant naked short selling: [https://www.prnewswire.com/news-releases/memento-delivers-open-letter-to-sears-holdings-board-300568216.html](https://www.prnewswire.com/news-releases/memento-delivers-open-letter-to-sears-holdings-board-300568216.html) + +Credit to u/throwawaylurker012 for posting the letter. You can read his analysis and other info in his thread here: [https://www.reddit.com/r/Superstonk/comments/smd7op/in\_2017\_months\_before\_its\_bankruptcy\_sears\_got\_a/](https://www.reddit.com/r/Superstonk/comments/smd7op/in_2017_months_before_its_bankruptcy_sears_got_a/) + +*U.S. 2-YEAR TREASURY YIELD CLIMBS TO 3.48%, HIGHEST SINCE NOV. 2007 + +Historically when fed raises rates risk assets (stocks) get sold off! + +https://twitter.com/Investingcom/status/1564112564883169280 + + +Scary times ahead, but I don't feel as bearish as many I am seeing are.... we may get close to our yearly bottom but I do think inflation for the next report won't be as bad as being priced in currently +Hi all, I have used TurboTax in recent years to do my taxes, both the web and desktop versions. Yesterday I received an email from TurboTax that they caught someone trying to file my taxes, they gave me a number to call. The customer support confirmed that someone created a new TurboTax account and tried to file my return, they said it was caught early enough that no damage will be done. They told me I will have to file my federal return on paper, and fill out a IRS FORM 14039 - Identity Theft Affidavit. They didnt seem to share any more info or what the implications are. + +It doesnt make much sense why scammers would use TurboTax Online to file and not some more obscure platform but anyway, any suggestions on what else to look for or things I can do with the IRS ? + +I keep pretty close tabs on my credit report, so I dont think there are any other red flags. +Hey all, I’m from the Czech Republic and almost everyone I know uses just Debit Cards, a lot of times, I see (mainly ppl from USA) use Credit Cards. + +I wanted to ask why do you, US folks, use Credit Cards instead of Debit Cards. (A lot of times I read about CC Debt..) Is there a reason it’s better then DC or just why, it is more comfortable for you or? In my country it just works like you cam spend money you dont have and pay it later, which leads a lot of ppl into debt circle. + +Thanks everyone! Just curious. + +“Excuse my English” +(CNBC): Microsoft on Monday announced plans to acquire software developer platform GitHub in a deal valued at $7.5 billion. + +GitHub was last valued at $2 billion in its last funding round 2015. + +"Microsoft is a developer-first company, and by joining forces with GitHub we strengthen our commitment to developer freedom, openness and innovation," Microsoft CEO Satya Nadella said in a statement. "We recognize the community responsibility we take on with this agreement and will do our best work to empower every developer to build, innovate and solve the world's most pressing challenges." +Started paper trading forex about a month ago and taking the babypips course online. I’ve been swing trading equities for about 4 years with above average returns. + +Want to test my assumptions thus far. + +1. Riding momentum off news is the best way to make short term gains +2. Otherwise, using technical indicators with some data sets typically is how people determine to buy/sell +3. Risk management is key - setting stops is a must + +In trying to develop a trading plan, I want to see if there are other considerations - or if my assumptions are incorrect. + +When I’m paper trading, I’m basically going off momentum, technical indicators, and my gut. Also, if things start going south I reverse my positions quickly. That seems to be working really well, but I’m also a total noob and understand when my balls are on the line my decision making will probably change. + +Any input on criteria or priorities in a trading plan would be really helpful. Also, any thoughts on active trading vs. taking a position over 2-5 days? What timeframes are people trading? + +Thanks in advance. +I think we can all agree [this](https://www.forex4noobs.com/forex-trading-strategy/), which gets deeply explained [here](https://www.youtube.com/watch?v=gHBNCZHFcZU&t=2601s), [here](https://www.youtube.com/watch?v=5d2S7Nj1wUk&t=1867s) and [here](https://www.youtube.com/watch?v=b_MSGfBUhMM&t=2727s), is rather attractive for someone, like me, who is just getting started. The strategy is as simple as it can get, requires no further knowledge outside of candlesticks and support/resistance zones, and can be learned pretty quickly. You can read the strategy in a few minutes and then go over the webinars in less than a single day. + +On the other hand, I can't help but smell snake oil on this one. I hope I am wrong, but I'm always skeptical of these stuff. If you can be profitable learning something so simple, why would traders ever consider using a more complex approach that requires more time to learn? Why would you look for the perfect combination of indicators, when this guy makes money without using them? + +I highly doubt traders who use more complex strategies don't know any better. + +Should I trust this? + GM will disclose a program to reimburse the owners for the difference in miles per gallon in the coming week, and will temporarily halt sales of about 60K new 2016 U.S. vehicles. +Reasons to tank the price: + +1.) They will actually need to start covering things soon. + + +2.) Create options FUD. "Don't buy options" crap. + + +3.) Friday is the last chance to kill the options chain. XRT will no longer be able to be shorted. + + + +People need to keep asking themselves over and over again these questions: + + +1.) Why would the price increase in the afterhours at the start $15 on a measly 2242 shares? + + +2.) Why was a half-assed news article released following it? + +3.)Could it be a FOMO rugpull or did Gamestop actually release news? + + + +My thoughts: 2242 shares in 1 minute increased the price $15 and they didn't fight it at all. They released fake news to confirm the price increase. I think we're going to see the FINAL rug pull tomorrow. Load the call option chain up and bury it into the ground so people can spend the weekend saying " I told you so." + +GAMESTOP STATED TO ONLY LISTEN TO THEM AT THE EARNINGS CALL. + + +Edit: Think long and hard if you want to invest into options on news _Not released by gamestop._ +I know $O is probably this subs favourite stock, however I have some concerns regarding owning the stock long term. + +**Dividend Payout** + +They have a payout ratio of 222% and over the past 10 years have consistently had a payout over 200%. How can they afford to keep doing this + +**Share Dilution** + +They have increased the amount of common stock by about 15.5% year over year. Is this not a concern to you, especially as you reinvest your dividend of only 4.36%. You're losing at least 10% of your ownership of the company each year. + +**Growth** + +Free Cash Flow has been growing well, however Free Cash Flow per Share has only grown 3.5% year over year for the last 8 years, slightly ahead of inflation but suggesting that it is a fully mature company. + +**Overpriced** + +A Company lacking tooo much growth isn't necessarily bad, especially when they have a nice dividend yield and are profitable. The problem is that a matured company shouldn't have a P/E of 54. + +**Conclusion** + +Realty Income is a great company to maybe retire on due to its high monthly dividend, however, I wouldn't buy and hold it long term as you will end up owning way less than what you started with, and running the risk of a dividend cut. +Hi everyone. + +So I’m 62 and my wife is 61 and we are getting near retirement. + +- We originally bought our home for $200K and it’s appreciated to $500K since then. House is paid off. + +- To simplify our lives, we were thinking of selling our house and buying a condo with 20% down. Condo would be roughly $300K. + +- The rest of the money would sit in a Vanguard Mutual fund (VTTVX) short term. + +The condo would have significantly less upkeep and insurance is cheaper. The interest we’d make on pulling the money out would pay for our mortgage payment. + +Other data points: + +- $240K loan at 2.75%. +- Property Taxes are ~2% +- HOA is $200/month. But insures everything exterior, lawn maintenance, and includes internet+tv. + +*edit* the question itself! + +- Does this make financial sense? It seems like a no brainer but I’m not sure if I’m missing something here. + +Thanks for your help in advance! +I thought this could be useful when looking for markets with under / over saturated occupancy rates and renters + +For largest 1 bedroom rent increases, Maine, Delaware, and Michigan came in at the top with Arkansas and Iowa having the largest rent decreases. + +https://www.apartmentguide.com/blog/apartment-guide-annual-rent-report/ +I hate my job. There’s really no other way to put it. I’ve been here for 6 years with limited growth and now our recent leadership changes have made the culture something I don’t care for. I used to love it, but now I seriously dread coming in every day. It’s not a normal “my job sucks” kind of thing. It’s more like “I hope I get hit by a bus so I don’t have to go in today.” + +I’ve been quasi looking and have had a couple interviews for analyst type positions. I have a bachelors in business administration and have experience as an office manager, operations manager and sales analyst. I make $52,000/year in a southeasternish state and I don’t foresee having an incredibly difficult time landing something, but it has been hard to attend interviews, follow up, adjust my resume for each position and keep a look out for new opportunities while still working full time and managing a household. Side note: I’m a single mom with a busy teenage son. + +Here are my debts: + +$20,000 in student loans which are in COVID forbearance. +My mortgage is $800. I purchased the house for $135,000 and owe $90,000 on it. It’ll probably appraise for $180,000 or so. +I have about $3,000 in credit card debt and a $15,000 personal loan which I used to buy my car and consolidate some old debt. The payment is $300 per month. + +I have just around $3,000 a month in necessary living expenses including paying the mortgage, loans, bills, and groceries. I have about $8,000 in liquid savings and access to like $90,000 of credit. + +I want to take a $15,000-$20,000 loan against my house. I don’t know if it’ll be a HELOC, home equity, or cash out refi. But I’d like to do it so I can quit my job and seriously focus on looking for something new and with a much higher pay scale. I’ll also do some sort of certification in project management or business analytics while I’m out. I anticipate it being 2-3 months. + +I’d love any thoughts especially from others who have left jobs without having another! +I was inspired by a post I saw here a few days ago and had to share the most bizarre conversation I've just had with BT. Took out a £35/m 2 year contract in September. This week we got notification through that the price would be going up in line with RPI, to around £38/m. + +I've called them this evening to ask what the termination fee would be, as Sky were offering to pay the fee and give me a cheaper deal for the same package - termination fee came to £350, which he said Sky won't pay as the max they will pay is £200. However, he offered me a £1 a month increase to my contract which triggers a new 14 day cooling off period in which I can "shop around" and cancel with no termination fee. I read it all back to him to be sure, that if I accept the £1 increase today I could call back tomorrow and cancel for free, which he confirmed. Some serious loopholes out there and if you don't ask you don't get! + +EDIT: Already had the confirmation email through about the new contract, set up the new deal with Sky and got a cancellation email from BT saying "there is no charge for terminating your contract". +Just wanted to share some wholesomeness with ya'll. Last month I bought into ETH and told my mother, a long-time stock market enthusiast, about it. She said that crypto is too volatile and she's too old to understand the tech. Regardless, we talk about it for a few weeks and she's getting more interested each time. She hears about the flash crash and the guy who scored all that ETH at .10 and like a good mother scolds me for not putting in buy orders at that price. + +Fast forward a month, she hands me a check for 10k and says buy me some ETH when it's at 220. Next thing you know she says buy me some Ripple and then starts asking me about different coins like Litecoin and Dash. So we're 5k deep at this point and suddenly my mom is calling me at all hours (I work nights so it doesn't really bother me) to ask me questions about coin so-and-so. + +Friday I sent her Ripple's official video from their website and later that night I'm awoken by a phone call from guess who? Mom. She told me she watched the video and that it led her to other videos on the blockchain and other currencies. Then she says to me "this is technology is the future, I don't fully understand it but if the biggest banks in the world are adopting it then that does it for me. I'm wiring you 30k, we are going to do this together." + +Probably like you, my mom is the most special person in the world to me. Before this, we would talk on the phone 1-2 times a week (she lives in another state). Now we talk 2 times a day AT LEAST plus texting back and forth. She even says BTFD now. + +At the end of the day, it's my mom's money and her years of trading is helping this newb. At this point, making money from crypto is great but I'm so damn grateful that this is bringing mom and I closer together. + +tl;dr got my mom into trading crypto and now we are closer than before. + + +Most of the Fire and leanfire community are fully invested in index funds or a three fund portfolio. I imagine fatFIRE has some more investment diversity. Some of us have trust funds, some have large holdings in individual stocks we get through equity arrangement, some of us just have very high salaries that make fatFIRE possible. + +How many of you achieved fatFIRE through real estate? Anyone who would have never achieved it without real estate investing? At this level, we all have unique and interesting paths. No two people took the same road. I’d love to hear your stories. +Can I get a quick sanity check here from the experts? I've been dabbling in options trading for the past year or so, typically buying calls. With all the volatility around GME I decided maybe I should try and sell some covered calls on shares that I own and I want to make sure I'm doing this right. The language around options trading always trips me up and I don't want to accidentally do something stupid. Here's my trade ticket from Fidelity: [https://imgur.com/VgvBU5s](https://imgur.com/VgvBU5s) + +What I want to do is sell 1 call option on my 100 shares with a strike of $500 on 4/23 and I set a limit price of $4.00. In my head, here is what I believe happens when I submit the order: + +1. When someone buys my call option I will immediately see $400 in cash show up in my Fidelity account. +2. On market close 4/23 if GME is below $500 the option expires worthless, I get to keep the $400 premium and my 100 shares. +3. On market close 4/23 if GME is at or above $500 the option is in the money and my 100 shares of GME get sold for $500 each to whomever bought the option and $50,000 will show up in my account for the shares. Total profit would be $50,400. + +The thing that REALLY trips me up on the trade ticket is the "Max Loss UNLIMITED" at the bottom. I'm assuming thats there because if the price of GME is at $10,000/share (or Infinity!) on or before 4/23 I've lost the opportunity to sell my shares for that price? + +Thanks in advance for the help! +Due to multiple sudden dumps of medical bills, I'm unable to pay my bills this month. Credit card is about $100 away form being maxed out (first bout of medical stuff used up the savings, then the second bout was put on the credit card, and now a third bout). + +The below bills are all due on the 1st. I'll be able to pay them all by the 15th. + +Credit Card - $223.00 +Rent - $550.00 (cannot skip this, landlords are really quick to evict -- tried to evict us once when they just didn't check their payment box) +Medical Bill #1 - 161.98 (trying to get a hold of company to see if we can postpone this, but this is already apart of a payment plan that I signed a contract on) +Car Registration - 62.35 (happy birthday...) +Electricity/Water - 170.00 (est) +Phone bill - 30.00 + +The other medical bills I was able to get postponed (the biggest one was eve "pay whenever you can" God bless them). My current plan is to work on the medical bill listed above to see if that can be moved. That will have us about $10 or $20 bucks left in our pockets, or needing to bum $10 or $20 from family if they can help -- depends on that utilities bill which I wont see for a day or two. I can also likely skip the phone bill until the 15th as I work from home. We have plenty of food in the kitchen and for the cats and I have at least a month's worth of medical supplies. Future medical bills should be covered at 100% so I'm also trying to stock up a bit. + +I appreciate this. :) Thank you! + + +Edit Update: WOW! This post has been amazing. Here are some things I learned. +- Medical Bill people are really chill. +- Utilities people may or may not be chill, but they wont turn off your utilities for a few weeks +- Chase Slate will take my credit card debt from BoA with no fees and no interest for 15 months. +- Modest Needs sounds like an amazing company for exactly this situation (https://www.modestneeds.org/index.asp) +- As does Prosper (www.prosper.com) +- /r/borrow could give me a small loan +- My top post is me being broke (which is yuck, but otherwise everything else about this post is awesome). +- Someone gilded me to make my day! +- Redditors are amazing. I've had multiple offers to help pitch in. I cannot believe how kind everyone is. + +Thank you, thank you, thank you! +I think this is my first post here. Long time lurker, but a shame it had be this kind of post. + +Welp, that's it folks. All the BTC I had to to my name has been stolen on 11/13. + +After checking my wallet a couple of days ago, I noticed an unfamiliar transaction that sent my remaining Bitcoins to some address on 11/13. + +Not sure if it's a good idea to post the transaction ID, but I suppose I could if it sheds light on anything. + +After I saw this, a rush of emotions came over me - despair, hopelessness, I had a pit in my stomach that was so dense, I nearly wanted to throw up. I could barely eat or sleep the day after. Even though it's been a few days now, those feelings are still very strong and I feel they probably will be for a long time. I keep waking up and checking the wallet hoping it's some sort of mistake, but it's real unfortunately. + +It took a while for me to process through the situation just enough to put some thoughts together for this post, but I guess the point of this post is two fold: + +1. It's a bit cathartic for me to be able to get some thoughts out +2. I hope that other people learn from my mistake - coin holders need to take security seriously. Be patient, learn about security of your coins, and enact what you learn. Be diligent. Convenience is an enemy of security. + +The coins I had were originally mined back some time in 2013 if I remember correctly. + +I really had no idea what I was doing at the time, but a friend turned me on to mining and I figured why not, may as well put my GPUs to use for something else while I wasn't gaming. When he first told me about mining, I thought hmm - I bet all this computing power is going to something like helping the government crack into things, but after some light reading on Bitcoin - it stood out to me as something special, so I decided to do some research, joined a pool and started mining some coins not long after. + +Over the years, I sort of forgot about them and they stayed within my Bitcoin core wallet what I had used originally when mining, but three to four years ago my interest in the technology renewed and I really started reading more into the details of the technology and talking about it with coworkers. + +However, after some time I noticed that the Bitcoin core client was becoming quite cumbersome having to store all of the blockchain data and I had moved on to laptops with less storage available than my old desktop and so I started looking at some of the more modern wallets and landed on Electrum. + +I started using Electrum and it seemed to do the job well for what a wallets was designed for. I guess it's my mistake for not keeping up with the real (security related) news surrounding Bitcoin and wallets and various hacks and scams. My memory is a bit fuzzy, but I'm pretty sure I fell victim to a phishing attack vector within the Electrum wallet and possibly was led to download an update from a location other than the main site (github releases section seems to be faintly a thing that I remember). It was either this, or maybe my system was compromised some other way - either way it's a painful lesson in how not keep your coins secure. I really should have just put my coins into cold/offline storage. + +It's a real shame, I was really proud of owning these coins having mined them originally myself and I was hoping one day that I could split them between my two sons when they were old enough to understand and appreciate the technology in 18-20 years and who knows how widespread the technology and understanding will be by then. I feel like I failed them. + +I'm not really sure where to go from here, still trying to work through that. I've definitely been reading up more on security and how to make sure that something like this doesn't happen again should I find my way back into crypto. I wish I would have taken security more seriously up front, it ended up being a very costly mistake not doing so. + +I don't have nearly the disposable income to get back what I have lost. At the current price, it'd take years upon years, and it's highly unlikely that the price will retreat significantly. However, I truly still do believe in the technology, I just find it a bit sad that the main way to participate now is to convert USD to BTC - I wish mining was still a thing for the average person. + +Stay diligent and vigilant people, don't become lax like me. Read up on methodologies and practices for keeping your coins secure. Be patient and take the time to make sure things are done right. + +If this post helps even one person to take their coins more seriously and read up on better security, then I suppose it would be worth it getting these thoughts out. I wouldn't wish the feelings that I've experienced over the past couple of days on anyone, they are truly feelings of despair and regret. + +&#x200B; + +EDIT 1 (12/7): Posting the TxID seems to be a popular request. Here it is: + +b54a451c19e0a5e69c9c9bc0073d2499118bf574da254937ee698996f58181fb + +I tried following it myself, but I'm not a blockchain expert, but from what I'm seeing they redistributed the funds through many other wallets which I guess is a common tactic to reduce chance of being tracked. + +Note that when I got back into the technology 3-4 years ago and talking about it with coworkers, I was made aware of other chain forks and did claim some BCH, BitcoinGold, Clams, and BSV - I followed guides for moving the funds to new wallets after having to give up my private keys. It should only be a couple of hops (4-5?) to see that these were mined back in 2013 or so. All in all, I had mined around 4 total, but traded some away when I got back into it 3-4 years ago around the time altcoins started gaining popularity. + +&#x200B; + +EDIT 2 (12/7): Thanks all for the responses. I enjoy reading them all, even the critical ones (as those are the ones that help you grow). I posted this right before I went to sleep last night which is why I was slow to respond to comments and post the TxID. + +First, I'm not looking for pity here - I realize the mistakes I made are purely my own. First - I should have done my due diligence and researched hardware wallets more seriously. I've always been leery and untrustful of USB devices which is why I irrationally dismissed hardware wallets previously. Painful lesson, but you bet I'll be investing in one of these now for any future crypto holdings. + +I also made a grave mistake of keeping my wallet on a machine that I used daily for other activities, these are the kind of things that should not be taken lightly and if there's anyone else out there doing this now - stop - read up on better security methodologies like hardware wallets or at the VERY LEAST setting up a separate system/environment purely for your wallet. +### Welcome to the fourth /r/economics Graduate School Panel! + +---- + +It's fall, and many of our users are submitting their applications now for the current cycle. If you have any questions about preparation and applications, ask away! Or, if you're thinking about econ grad school in the future, feel free to ask about planning and programs too. + +---- + +The following users have already agreed to offer their time and answer questions (thanks folks!): + +Panelist | Degree | Current Status | Additional Details +---|---|----|---- +/u/Aconmatrix|MA, Economics||AMA about South Africa's economy, Universities, and Economics courses +/u/be_throwmeaway | MA, Economics and Finance | 1st Year | +/u/Caesar1994- | MA, Economics| 1st Year | +/u/DennisDu | MS, Applied Economics and Finance, | 1st Year | +/u/DriftingSkies |PhD, Economics|5th Year| planning to pursue other work opportunities at the ABD stage +/u/fmn13 | MA, Economics | Degree | Canadian program +/u/glah_king | MS, Economics | 1st Year | Got my BA in the US, doing my Masters internationally. +/u/iamelben | PhD, Economics | 2nd Year | +/u/Jericho_Hill|PhD, Economics|Degree|Urban Economics +/u/jsgrova | MS, Economics | Degree | currently working in an actuarial function for an insurance company. +/u/los_thunder_lizards | PhD, Economics | Degree | 2nd year faculty in environmental and natural resource econ +/u/lowskilled_immigrant|MA, Economics|Degree|Working in data analysis now. +/u/LuckstYle | PhD, Quantitative Political Science | 1st Year | German BA, MSc and PhD programs, interdisciplinary +/u/marpool|MA, Economics||I would be happy to answer questions about UK masters and advice for UK undergrads interested in applying for PhDs. +/u/MrDannyOcean | MS, Statistics | Degree | If anyone is interested in doing the undergraduate economics to graduate statistics route, I'd be happy to talk. +/u/nash000999 |PhD, Economics|Degree|behavioral economics. After some years as a management consultant now working in industry. +/u/orangemaen | PhD, Economics | 3rd Year | +/u/person95 | PhD, Economics | 5th Year | +/u/Philosopher013|MA, Economics||non-economics (humanities) background +/u/Richard_Bolitho|MS, Applied Economics|1st Year| +/u/shetoru | PhD, Energy Economics | 2nd Year | +/u/upsidevii|PhD, Economics|2nd Year|I'd be happy to answer any questions about first year, surviving quals, admissions, and math prep. +/u/vodkahaze | | | +/u/wilderecon|PhD, Economics|2nd Year|Can offer perspective from outside the top 100. + +---- + +If you haven't volunteered yet for our panel, and would like to, please post a quick comment below describing your background. In particular, it would be great to hear if there's anything particular about the application process you can speak to (e.g. applying to grad school after significant work experience). PM the mods with your top-level comment, and we will add you to the table up here. + +As an incentive, volunteers will be awarded **special red flair.** By default, it will refer to your degree or status, but PM us if you want to customize it to your field/profession. + +---- + +In addition, we have the career resources and advice in our /r/economics wiki (thanks to /u/Integralds). There's a *lot* of information here. Check it out! + +* [Online Resources for Grad School Apps](https://www.reddit.com/r/Economics/wiki/career) +* [Advice for Undergrads](https://www.reddit.com/r/Economics/wiki/career_undergrad) +* [Grad School Application Checklist](https://www.reddit.com/r/Economics/wiki/career_courses) + +You can also browse our previous Grad School Panels: + +* [Grad School Panel I (Nov 2016)](https://www.reddit.com/r/Economics/comments/5f7p5o/reconomics_graduate_school_question_thread/) +* [Grad School Panel II (Feb 2017)](https://www.reddit.com/r/Economics/comments/5wcut1/second_reconomics_graduate_school_panel/) +* [Grad School Panel III (Jun 2017)](https://www.reddit.com/r/Economics/comments/6i1z8i/third_reconomics_graduate_school_panel/) + +----- + +This thread will run for the next two weeks. +If you wanted to bet that the UK will enter another extended national lockdown in the next week, what positions would the r/UKInvesting community take? +Shares in the FinTech company Revolut are currently available to buy on Seedrs in the secondary market. Their current indicative valuation is $4.25 bn, quite substantially less than the valuation of $5.5bn during the last funding round. Presume this is due to a fall in travel, which as a 'borderless bank' they make a lot of revenue from. + +I think the long term fundamentals of Revolut are still very promising. They doubled the number of users from 2019 to 2020, and gross profit margins are still negative but falling rapidly. They have introduced a suite of new features, from business banking to trading stocks & crypto through the App. + +My question isn't as much whether Revolut is a good investment or not, though keen to hear any thoughts on this, as what the risk of share dilution is when they eventually IPO or from additional funding rounds. Would this erode any gains? + +Source: [https://craft.co/revolut/metrics](https://craft.co/revolut/metrics) + +Source: [https://www.seedrs.com/businesses/revolut#covid\_19\_sm\_message](https://www.seedrs.com/businesses/revolut#covid_19_sm_message) +Came across the LSE-listed PNPL yesterday, looks quite interesting. + +Pretty low market cap at around £6M, looking to merge with a green energy company to bring it public. With the recent boom in clean/EV investing, and the rise of UK-based ITM Power/Ceres Power/AFC/PHE an acquisition could capitalise on the wider market trend of clean energy/SPACs over in the US markets. + +Currently up \~70% since first listing a month or so ago. Not sure what the period over which they're looking to find a target, not much news/info about them on their website (which tbh doesn't come across as great). + +&#x200B; + +Listed on Freetrade if you've got it, might be work a few shares. What do you think? +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-diddly-doo fellow Aperino's!** + +**Nurse Mimi the medi-ape is here for your daily run down!** + +**I hope you are comfy with a nice hot (or cold) drink, ready for your digest - it will be long - as per usual.** + +[HAPPY MONDAY!](https://preview.redd.it/1x1ky75atdv61.png?width=848&format=png&auto=webp&s=eed76651356cbab2060168287108256c1302b8b5) + +**Just a tiny modification to my presentation, all text which is taken from an author will** **~~start with an indent~~** **(Edit: That didn't work!) be in speech marks, as opposed to my previous layout where I modified it all in italics. Anything I write myself will be in bold.** + +**An additional sentence under each news post will be added for my babyapes and smooth brain apes via ELIA -"Explain Like I Ape".** + +\--------------------------------------- + +https://preview.redd.it/tri4fwkythv61.png?width=634&format=png&auto=webp&s=22b0a600db38307e053b15e69f495488b3ff3f46 + +**DTCC liquidity risk testing on 26th April 21 - THATS TODAY!** + +[**u/bosh023**](https://www.reddit.com/user/bosh023/) **Wrote:** + +"What's interesting here is, this is an annual test which was last completed 24th Aug20, this test has effectively been brought forward to 26th April 21. The 2019 test was conducted on 26th Aug 2019. I feel it adds to the general conscious that something is brewing behind the scenes relating to leverage. + +Capped Contingency Liquidity Facility (“CCLF®”) is an integral part of the Fixed Income Clearing Corporation’s (“FICC”) role as central counterparty under the Government Securities Division (“GSD”) and the Mortgage Backed Securities Division (“MBSD”). On an annual basis, FICC conducts a mandatory CCLF test with all GSD Netting Members and MBSD Clearing Members in order to satisfy the requirements of a covered clearing agency with respect to its management of the liquidity risk. + +**APR21 - notice to all members** + +[https://www.dtcc.com/-/media/Files/pdf/2021/4/20/GOV1082-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/4/20/GOV1082-21.pdf) + +**AUG20 - notice to all members** + +[https://www.dtcc.com/-/media/Files/pdf/2020/6/24/MBS861-20.pdf](https://www.dtcc.com/-/media/Files/pdf/2020/6/24/MBS861-20.pdf) " + +**ELIA: DTCC check if enough bananas for risk today.** + +[DTCC planning liquidity risk testing on 26th April 21 (4 months early) : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mww2ah/dtcc_planning_liquidity_risk_testing_on_26th/?utm_source=amp&utm_medium=&utm_content=post_body) + +\--------------------------------------- + +**EXTRA EXTRA!!!**\--------------------------------------- + +[**u/MrPinkFloyd**](https://www.reddit.com/user/MrPinkFloyd/) **Posts an announcement:** + +"Not everyone who is drawn to GME is savvy with sorting/filtering threads, and/or familiar with Reddit. We should make it as easy as possible to get the best info. It's just good business. " + +[Petition To Get an "All The Top DD" Thread Pinned : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mycnyg/petition_to_get_an_all_the_top_dd_thread_pinned/) + +**Dear apes, if you find it difficult to find DD or want the DD to be more accessible via it being pinned, please go to the above link and upvote for visibility.** + +\--------------------------------------- + +\--------------------------------------- + +**Contents:** + +**Section 1- GME DD** + +**Section 2 - HF's/DTCC** + +**Section 3 - MOTIVATION** + +**Section 4 - WEATHER** + +\----------------------------------------- + +\----------------------------------------- + +**Section 1 - GME DD** + +\----------------------------------------- + +[**u/BornLuckiest**](https://www.reddit.com/user/BornLuckiest/) **Posts:** + +"There was simply speculation about the US flag, democracy and voting. It just felt to me like we are missing something - why at half-mast - people just staying something about a vice president who died before Ryan was Born. It all seemed a stretch to me and to be honest (have you got your tin-foil hat on?) like they were trying to distract me from its real meaning! + +So firstly, we have to ask why half-mast? So A flag that is half-mast is either on its way up or way down, right? So perhaps that's part of the hint, is the flag going up or down? + +As I discovered, *THAT* is what Flag and Pennant Analysis are all about - finding out if the stock is about to go up or down. + +Crayons make nice pictures! " + +**ELIA: Ape thinks flag picture not for long dead vice president but for the flag we see in GME.** + +[\\"Bullish Pennant Windsock\\"](https://preview.redd.it/m8m4knqv7hv61.png?width=1554&format=png&auto=webp&s=d3d3ef5194473b0b26168f9ce04e107fb20ebb91) + +[GME Pennant! (NEWLY Decoded Message from Ryan Cohen Tweet) : GME (reddit.com)](https://www.reddit.com/r/GME/comments/myipc1/gme_pennant_newly_decoded_message_from_ryan_cohen/) + +\----------------------------------------- + +[**u/nayboyer2**](https://www.reddit.com/user/nayboyer2/) **posts:** + +" Here is a different way to look at the OTC GME data. It should be abundantly clear that what is going on in the OTC dark pools is extremely abnormal. Citadel and Virtu market makers seem to be doing a whole lot of OTC trading. How did they get hundreds of millions of shares? What about Two Sigma? Why are the same entities trading so much volume so frequently in the OTC marketplace? Why did the number of shares / trade decrease so drastically beginning 1/25? Winter is coming. Are any of them wearing any clothes??? " + +[OTC high frequency trading.](https://preview.redd.it/6vlk7jc59hv61.png?width=638&format=png&auto=webp&s=7ac40d6b2be568fd93f5870866af7b6791563455) + +"Robinhood stepped up again with some serious high frequency OTC trading. Did anything happen that week? Oh yeah, the GME price experienced a huge drop from 280 to 210 on 3/15 and then to around 172 on 3/16. They didn't switch things up at all from their previous attacks. 297,276 shares traded 297,194 times for an average of 1.00 shares/trade. " + +**ELIA: Hedge funds are being mega shady trading shares between themselves very quick to confuse computer algorithms and drop price/keep price low.** + +[(1) Probably the last DD you'll ever need to read... The OTC Conspiracy - Shining Some Light into the Dark Pool data : GME (reddit.com)](https://www.reddit.com/r/GME/comments/myku8k/probably_the_last_dd_youll_ever_need_to_read_the/) + +\----------------------------------------- + +**On request by** [**-\_Artemis**](https://www.reddit.com/user/-_Artemis/) **- thank you for the link:** + +[**u/YoungUrk**](https://www.reddit.com/user/YoungUrk/) **posts:** + +[Board recommends us to vote for all the six nominees.](https://preview.redd.it/r5bzu72rxhv61.png?width=640&format=png&auto=webp&s=2496364f846a038323eb64c68ecd31fcd5a4806a) + +**ELIA: All members of banana boat stock agree all members should be voted for by apes.** + +Y[ou may revoke or change your vote at any time - THE BOARD UNANIMOUSLY RECOMMENDS THAT YOU VOTE “FOR ALL” OF THE BOARD’S SIX NOMINEES (directly from the proxy statement) : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxzmwh/you_may_revoke_or_change_your_vote_at_any_time/?utm_source=share&utm_medium=web2x&context=3) + +\----------------------------------------- + +[**u/WhileNo1676**](https://www.reddit.com/user/WhileNo1676/) **Explains:** + +"Not that I think he’s a bad actor, gme OG’s will know he actually did a lot of good and I think he’s more on Ryan’s side than jim bell and Kathy Vrybeck. But he will be incentivized to sell some of his shares if not voted onto the board, so vote yes AS RC RECOMMENDED and keep his shares locked up." + +**ELIA: Maybe ape recommended to vote for all nominees to lock extra bananas away from HF's.** + +[Voting Sherman in means his 1mil + shares remain locked up : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxyf4j/voting_sherman_in_means_his_1mil_shares_remain/) + +\----------------------------------------- + +[**u/Chabkraken**](https://www.reddit.com/user/Chabkraken/) **shares:** + +"The wave of amateur Korean traders has been inspired by a US campaign against hedge funds that had made bearish wagers on companies such as gaming retail chain GameStop. Kstreetbets, an online forum that targets short-sellers, is named after the popular Reddit group r/WallStreetBets + +Kstreetbets members call themselves “ants” and have dubbed their cause “the Donghak Ant Movement”, a reference to a failed uprising by farmers in 1894 against corrupt aristocrats and growing foreign influence in Korea. Today, many Korean retail traders feel as though they have been exploited by local institutional and international investors + +The “ants” are testing their political power by demanding regulatory changes in the stock market. Some had called for a campaign against ruling party candidates in mayoral by-elections this month in Seoul and Busan, the country’s two biggest cities, and in the presidential vote next year." + +**ELIA: Korean ape strong. Korean ape hold with us. We love all apes.** + +[https://www.ft.com/content/060b527e-8f8c-48f8-9809-8f0e6d60fc37](https://www.ft.com/content/060b527e-8f8c-48f8-9809-8f0e6d60fc37) + +[South Korea’s retail investor army declares war on short-sellers : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myaka1/south_koreas_retail_investor_army_declares_war_on/) + +[GME make us Stronk.](https://preview.redd.it/ozaa97y8khv61.png?width=650&format=png&auto=webp&s=79a202c50620d4098ae7fe960f2f2fedeb54d4f9) + +\----------------------------------------- + +[**u/greysweatseveryday**](https://www.reddit.com/user/greysweatseveryday/) **Posts:** + +" Over-voting does not directly and immediately trigger a share recall or force shorts to cover. It does provide the company with information on the total votes cast, which it could use as evidence of massive naked shorting of its shares and consequently the fraudulent creation of millions of shares. The company may publicize this information, which would refute the narrative that all shorts covered and would put the SEC and the NYSE on notice that this has happened and needs to be investigated and resolved immediately. Vote your shares. " + +**ELIA: Voting good. Vote if you can! Ask for control number and go to proxy voting site! DO NOT CLICK LINK ON REDDIT- Lots of sneaky snakes trying to take your votes!** + +[(11) DD: Here's what happens if there is over voting (more shares voted than issued) : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mya2a8/dd_heres_what_happens_if_there_is_over_voting/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/donkeydougie**](https://www.reddit.com/user/donkeydougie/) **Writes:** + +"GameStop had a [not-so-great Q1 in 2020](https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-first-quarter-results), with: + +* Net Sales: $1,021.0M +* Gross Profit: $282.4M +* Net Income (Loss): ($165.7M) + +Which, looks even worse compared to their [Q1 2019 numbers](https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-first-quarter-fiscal-2019-results): + +* Net Sales: $1,547.7M +* Gross Profit: $471.2M +* Net Income: $6.8M + +Now obviously their Q1 2020 numbers were impacted significantly by COVID-19, which must be taken into consideration. + +Anyways, given the weak performance in last year's Q1, GameStop could potentially have a blowout quarter this Q1 (relative to Q1 2020 - and, potentially, in general)." + +**ELIA: GME did mediocre before. GME might do very well now! Apes buy more product from stores helping sales!** + +[This is the Last Week for GameStop's Q1 2021 Fiscal Quarter! : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myhxcl/this_is_the_last_week_for_gamestops_q1_2021/) + +[ u\/RafaelNobre posted this image, created by the artist Banksy.](https://preview.redd.it/itp2r097phv61.png?width=640&format=png&auto=webp&s=d99266be537482b471b0a8060494b1fe47970a62) + +\----------------------------------------- + +[**u/ThoughtfullyReckless**](https://www.reddit.com/user/ThoughtfullyReckless/) **Posts:** + +**A fantastic weekly round-up of DD. In case anyone wants a list of all DD's from this week!** + +[Weekly DD roundup: w/e 04/25/2021 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myc8ch/weekly_dd_roundup_we_04252021/?utm_medium=android_app&utm_source=share) + +**ELIA: Smooth brain ape no read this one, too many lettery words.** + +\----------------------------------------- + +**Section 2 - HF/DTCC** + +\----------------------------------------- + +[**u/Ninblades**](https://www.reddit.com/user/Ninblades/) **Posts:** + +The NSCC along with the DTC is complicit in defrauding America's investors and its corporations through a Share Borrowing Program designed to allow its participating members to reset their FTDs while maintaining an air of innocence by professing it is powerless to enforce buy-ins due to a rule that they themselves implemented to uphold a lender's identity. + +I'll let Dr. Acosta have the last word: + +***“*** \*When this very same party (the DTCC and its subdivisions) that also has 15 of the 16 separate sources of empowerment to execute buy-ins ALSO pleads to be “powerless” to do buy-ins then I’d say we have some “issues” to deal with especially when the financial benefactors of this acting to be “powerless” are the owners of the clearance and settlement system and the bosses of these management teams."\**Dr. Jim DeCosta* + +Unless the SEC steps in and force the criminal organization that is the DTCC to clean up its act, this charade will continue and nothing has changed since [2004](https://www.sec.gov/rules/proposed/s72404/s72404-14.pdf) when the Stock Borrowing Program first came into effect. + +**ELIA: DTCC likes giving bananas to HF's and try hide banana from ape. SEC need stop this.** + +[(11) The DTC and Its Subsidiaries (DTCC & NSCC) is Complicit in the Robbing of America : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/my4le1/the_dtc_and_its_subsidiaries_dtcc_nscc_is/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/Senior\_tasteey**](https://www.reddit.com/user/Senior_tasteey/) **Shares:** + +https://preview.redd.it/lgcn8u25thv61.png?width=640&format=png&auto=webp&s=4146c5a939c2f4de676ecb20f9d1db3622ce451a + +**u/**[**Bows\_N\_Hoes**](https://www.reddit.com/user/Bows_N_Hoes/) **states in the comments:** + +He is basically saying all the pro-HFT people that say HFT’s “improve liquidity and price improvement for retailers” is hogwash. And considering he is an engineer that actually understands the advanced algorithms, I’d say he might be right. + +**ELIA: Fast banana trading is never good for ape. DTCC and HF's lie to ape about it being good.** + +[(11) EX-SHITADEL EMPLOYEE-TURNED-APE ON US MARKETS! : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myiq1n/exshitadel_employeeturnedape_on_us_markets/) + +\----------------------------------------- + +[**u/Dragon747**](https://www.reddit.com/user/Dragon747/) **Shares:** + +[Oh no. We all know what it means when CNBC is pushing something.](https://preview.redd.it/617sl0i6vhv61.png?width=640&format=png&auto=webp&s=cb6309976e78e084d9b722fea16022062e85ce01) + +**ELIA: CNBC are paid by snakey HF. When CNBC says something positive about something, usually opposite happens for snakes to get innocent ape bananas.** + +[ Found this article this morning.... If CNBC is positive/ trying to move Treasury bonds on behalf of their masters... Welcome to the beginning of the end of the end... : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myii2t/found_this_article_this_morning_if_cnbc_is/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +**Section 3 - MOTIVATION** + +\----------------------------------------- + +[**u/nbrix**](https://www.reddit.com/user/nbrix/) **Posts:** + +[LOL. Who did this?](https://preview.redd.it/tx2rzzwvvhv61.png?width=640&format=png&auto=webp&s=b932999d57332e99b7cae3081f5d24d42356e08a) + +[Checked Glassdoor for any job postings... You beautiful bastards didn't let me down. : GME (reddit.com)](https://www.reddit.com/r/GME/comments/mymfsu/checked_glassdoor_for_any_job_postings_you/) + +\----------------------------------------- + +[**u/feltdumbmightdelete**](https://www.reddit.com/user/feltdumbmightdelete/) **posts:** + +[Hahaha. So true!](https://preview.redd.it/g43a9zc4whv61.png?width=960&format=png&auto=webp&s=e14de175659fe14dc0030fe9b733a1047089b86d) + +[the latest estimations are in : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxza6y/the_latest_estimations_are_in/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/OutdoorAdventurer**](https://www.reddit.com/user/OutdoorAdventurer/) **posts:** + +[What we will all be drinking on the moon!](https://preview.redd.it/hwowyc3cwhv61.png?width=640&format=png&auto=webp&s=cf287f2f55f164fd31f93e6cfa769cb0ac587e8c) + +[(3) Cocktail at my local steakhouse!! 🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxwhg9/cocktail_at_my_local_steakhouse/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/forbiddenloser**](https://www.reddit.com/user/forbiddenloser/) **Posts:** + +[So true. Every day the plot thickens for the ultimate epic tale.](https://preview.redd.it/ldao4bliwhv61.png?width=700&format=png&auto=webp&s=f972eda014ad1d0a4c837f7174b158696d3de128) + +[ 🌚 🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/my2x8y/_/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/ApprehensiveLevel-2**](https://www.reddit.com/user/ApprehensiveLevel-2/) **posts:** + +[Love Mark Cuban. Wise man with very wise words.](https://preview.redd.it/lesop98wwhv61.png?width=640&format=png&auto=webp&s=f3422b13950e16dff735f1d90ea5b348692a27a2) + +[ Just a bit of reassurance that Mark fucking Cuban believed in the little guy winning. “Changing the game is ALWAYS messy” : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/my7sin/just_a_bit_of_reassurance_that_mark_fucking_cuban/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/1980sTokyo**](https://www.reddit.com/user/1980sTokyo/) **posts:** + +[So true. Hold strong apes. And when in doubt - zoom out.](https://preview.redd.it/9g0l5ntpwhv61.png?width=548&format=png&auto=webp&s=a4c0f5cc4585fdf6021b8762d0869221dd85a7a1) + +[Just gonna leave this here for fellow Diamond hand apes 💎🙌🚀🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxvben/just_gonna_leave_this_here_for_fellow_diamond/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +**Section 4 -** **WEATHER** + +\----------------------------------------- + +[ Meme by MrAldo2752](https://preview.redd.it/fe0kn2h9ihv61.png?width=566&format=png&auto=webp&s=c72a3b09b34f7efb4067adce9f4ec6b6d496e5f1) + +**Guest weatherman** [**Sa0t0me**](https://www.reddit.com/user/Sa0t0me/) **predicts:** + +There's a shill low pressure cloud forming on WSB and slowly creeping into [r/superstonk](https://www.reddit.com/r/superstonk/), 90% chance of FUD, clear skies. + +**Nanananananana Batman predicts:** + +Looks like it might start raining cats. Some of ya'll will still find it hard to get some p\*\*\*y. + +**Nurse Mimi predicts:** + +Looking at my magical machine-bob, looks like we start the day with some confirmation bias, morning beginning with heavily jacked tits. As the day goes on we may have strong winds, straight out of Sh\*tadels bum, onto the GME stock. It may be that if we don't properly route our buy orders through fair market makers, Sh\*tadels bumhole can then inhale our shares into their black abyss. + +**And that's all for the weather today!** + +\----------------------------------------- + +**Guys I would love to have you make the weather prediction posts as it is fundamental for a newspaper.** + +**Please post weather predictions in comments and I shall post the top three daily!** + +\----------------------------------------- + +**Lots of love,** + +**Nurse Mimi** + +🚀 🚀 🚀 + +\----------------------------------------- + +**Skip to yesterdays news:** + +[(11) MORNING NEWS (And obligatory memes) from Medi-ape Mimi. 👨‍🚀 25/04/21 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/my4u0t/morning_news_and_obligatory_memes_from_mediape/) + +**POLL TO NAME MY NEWSPAPER:** + +[~~(2) MORNING NEWS NAME POLL : Superstonk (reddit.com)~~](https://www.reddit.com/r/Superstonk/comments/mz2ewr/morning_news_name_poll/) + +[ MORNING NEWS NAME POLL ROUND 2 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mz4275/morning_news_name_poll_round_2/) +*TLDR: reached FI through combination of hard work and luck. FI ain’t everything. Warning: lots of humblebragging ahead!* + +I’ve been running after financial security since I was a wee lad. I figured I had no inheritance (not a wealthy but a hardworking family). I grew up in India, and nepotism was a reliable strategy there to get to a better station in life – and I didn’t have those connections either. I wasn’t poor and certainly didn’t feel poor, but might be considered such by western standards (family income was less than $500/month – which is actually not that bad in 80s India!). Anyway, I thought my only ticket to a comfortable life was to work harder than others around me. + +The wheels to FI were set in motion when I became a teenager. I got serious about studies and went from near-last in class to first in one year. I remember studying by candlelight (my town had chronic electricity issues), and picking my skin to point of blood in order to stay awake. I would mark the pages I knew by heart by little smudges of my blood (I know, gross, but I gotta paint a picture here!). There is no-one besides my wife that knows this crazy stuff. Didn’t let up on the gas and ultimately got a full scholarship to a US college. I owe a lot to US colleges investing in foreign students. + +About 5 years ago I sat down and thought seriously about FI. Didn't know about this community or the fire movement then, but I've dreamt of "financial independence" at least since I entered the workforce in my very early 20s. I just hated depending on ‘the man’. Based on no math whatsoever, I figured my goal was to get to $4M by age 40, and then I'd feel financially secure. I think there is a tendency to overshoot when SWR math is not known, and I was certainly guilty of it. Plus the symmetry between 4-M and 4-0 seemed pleasing, so it must be the right number! + +I hit the financial goal I had for age 40 years ahead of schedule! This deserves some explanation. I didn’t get here by IPO, crypto, tech route. If you think I’m envious of those – I am. If I could get here by less suffering, I would have. + +After college I worked in management consulting (think MBB). I lived extremely frugally and saved money. However, I did save it wrong (traditional savings account earning 0.0x%…ouch!). Growing up I was told stock markets were ‘gambling’…my dad lost money in the Indian exchanges. It took me until my early 30s to deprogram that shit and start investing. I carried the blood-letting studying ethic into my working years. Spent (misspent?) my 20s on work. Like Forest Gump, I gumped my way to long hours year after year trying to get to the top of my field. I never stopped running. I was so afraid of failing. A lonely and scared immigrant pretending to live a normal life. Working 18 hours days...and going back in the wee hours of the night to my 300 sq.ft apartment. I did this for years. A decade in fact. + +However, I didn’t get to my goal just by saving my salary (which is great, but not *that* great). I got there by creating a solution for old industries to modernize by leveraging advanced analytics – winning huge contracts and getting rapidly promoted to profit-sharing role. What they say is true, in many scenarios not including hi-tech/medicine – W2 comp alone is not going to get you to the very high numbers. + +Speaking of numbers. I discussed with my SO and we figured that we need around $130k pre-tax to account for our foreseeable annual expenses. What precipitated this post is that I realized that I am expecting my dividend & investment income (100% passive) to be a little above $130k in 2020! + +Here is how that is generated: + +1. House: $700k (no income) +2. Equities: $5.5M (about $110k passive income). Mostly in index funds, I dabbled in individual stocks and I'm now selling them selectively (e.g. when total return is negative) and shoveling into index. Bogle is investing gospel. +3. Bonds+money market+cash: $1.3M (about $25k passive income) + +Now, for the final part. Having gotten to "FI", I realize that it's not everything. Don't get me wrong, it is **awesome** to not stress about money. It is **incredible** to have FU money and so I don't stress about work either. It's just that goals change. There are some things I want to work on now. These are health, cultivating new friendships, and if I'm being brutally honest - rediscovering who the fuck I am after years of chasing financial security. What am I interested in? How do I want to live my life? How do I want to contribute (without running a concurrent analysis of the $ I'm getting in return)? + +No regrets though. My journey made me who I am. I am looking forward to who I become and incredibly grateful to have the FI tailwind in my sail. I was lucky, I worked hard, I fucked up but then got up. + +**Edit#1:** More (useless?) practical details: I use Schwab as my main brokerage. Love their customer service and low cost. I was using Robinhood too, but for various reasons just ported that account over to Schwab (can explain my decision if you ask). I'm trying to make sure all my index funds have gross expense ratios much smaller than 0.1% (my biggest holding is SCHB with 0.03%). In terms of money market funds, vanguard has some really good ones such as VUSXX (no state taxes, good for states with high taxes and for high-income years) and VMMXX. They pay similar to Ally, which is my HYSA. I keep FDIC-covered about $250-300k in Ally, rest cash in these money market funds. +Millions of pounds is being saved and demand is being built up like a spring ready to be released. How much have you saved and what are you going to do with it? + +[BBC](https://www.bbc.co.uk/news/business-56210579) +https://www.cnbc.com/2019/10/26/pge-will-shut-off-power-to-940000-customers-in-northern-california-to-reduce-wildfire-risk.html + +The weekend outage is the second major shut-off by PG&E this month, after the company two weeks ago cut power to nearly 2 million people to avoid fires sparked by its electricity lines. + +Los Angeles County and Sonoma County have been under a state of emergency since Friday. + +The Kincade Fire that started on Wednesday night in Northern California’s Sonoma County prompted officials to evacuate about 2,200 people as of Friday, and has destroyed 25,455 acres. + +In Los Angeles County, the Tick Fire has destroyed 4,300 acres, forced about 50,000 people to evacuate and consumed nine homes since Thursday. +My job was to handle client comments and complaints as they related to market structure, order execution, exchange rules and house (brokerage) rules. I'd review the situation and make a ruling on if any action should be taken to cancel or adjust an order or explain to the client why they were due what they got. + + +Let me preface this with two comments: + + +1. The volatility in crypto is magnitudes greater than almost any other exchange tradeable product. If you can't handle this, crypto is not suitable for you. + + +2. The "regulation" and safeguards in crypto are magnitudes less than any other product out there. They are near non-existent. If you can't comprehend this, crypto isn't suitable for you. + + +Sooooo.....you were affected by the GDAX "flash crash" yesterday, what are your complaints and what are you due? + +Q1. I couldn't get into my account when this happened, therefore some of these trades shouldn't be due. + + +A1. Wrong. System access is never guaranteed, it's in the ToS, you have no legal basis on any remittance for not being able to access your account. + + +Q2. I had a stop order in, GDAX was negligent in how it executed, therefore it should not be due. + + +A2. Wrong. GDAX would have been negligent in not executing your order at the best bid. You instructed GDAX to liquidate, no matter what the price, at the best bid possible if a certain stop price was met. For a split second that best bid was $.10 and they had standing instructions from you to execute at the best bid. Just because you could not envision the best bid being $.10 doesn't mean they were negligent. Somebody out there did envision a world in which they were the best bid at $.10 and they are a millionaire today for that vision. Lack of liquidity and instructions by clients to execute orders at indiscriminate prices are not GDAX's fault. + + +Q3. GDAX should have given us a time buffer before they start liquidating margin calls OR GDAX shouldn't have executed margin calls at market prices. + + +A3. Wrong. You borrowed money from GDAX on GDAX's terms. GDAX is a business, when they loan you money, they take on risk. They have the right to manage that risk however they want and in this case, it's to sell you out at the market if a call is generated. You agreed to this, it's not their fault for playing by the agreed upon rules. + + +I'd be more than happy to discuss any other topics regarding this sort of thing. +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! + +Throwaway for obvious reasons. + +So, I've been lurking for a long time and I would hate to just wing it without seeking the advice from this wonderful subreddit. + +Background time: So, I got lucky, and then worked hard. I taught myself how to make videos while making videos paid for itself and I made it on youtube. This is my first really explosive year after my big break and I made more money than I've ever seen before, roughly 150k if my December estimates are accurate. I didn't do much with this money. I've put aside about 40k for taxes since I'm terrified of those and then another 20k into a Robinhood account which I've got about a 10% return for the year on and paid off all my tuition and student loans. (Mostly etfs, nothing too crazy). I started eating out a bit more often and I bought a beater car for my SO and everything is great. + +Here's the catch. I graduate from a great school at the end of this month. Because of the youtube work, I will be graduating debt free and because of the youtube work, I have turned down almost every job offer I have received because the pay is all about half of what I get right now. I don't know anything about health insurance but I know once I graduate I no longer can use my uni health insurance and I'm pretty sure I have to have it in the USA. Both the cars I own are paid for and I have no children and I'm just really worried that if I take a job, I'll lose my fire and stop putting the time I want to into my youtube channel which is still growing and I believe can continue to grow. I am equally afraid that if I don't take a job now, I'll wind up being 30 in a few years with no "real job" experience and youtube dries up and then I'm out in the wind with a standard of living I can no longer support, kids on the way and if I try to find a job then, it will be more difficult because I have no traditional experience to put on a resume. + +I see my options as: + +-Get a career job that pays well and is safe, try to do youtube on the side. + +-Forget the job and go YouTube full time. if I keep growing like I hope I could with all my energy to focus, I think I could make twice what I made this year in 2016. + +-Youtube at my current pace and explore other things that interest me with my "investment" money. (i.e. learn to brew beer, self-publish a novel, ect...) + + +I'm also unsure of what to do about my living situation without a dorm. Should I get a cheap apartment and save up for a home? I don't like the idea of debt and now that I'm free of it, I am hesitant to ever buy something on credit again. I love to travel and it is great for making videos but it is expensive and I don't think that "wandering" is a sustainable living situation, even with my income. Other things to note are that I have been with my SO for a long time, and they have another 2 years of education before they could in theory leave the city we live in. Not that I am dying to move anywhere, but am I right in thinking that I should wait for them to have a solid plan before I commit to property or anything permanent? + + +I guess with graduation and seeing all my peers take job offers, I am just really panicky and don't know which path to take and could really use some pointers from others who took the roads less traveled. I know that this post can come off really humble-bragish, and I was not comfortable posting it at all, but the advisers at my school have no idea how to handle the situation and I just want somebody to talk through this with. + + +EDIT 1: For some reason this keeps coming up, but my channel has nothing to do with videogames or lets plays. Not that there is anything wrong with that content, but it is not my niche. Also, since it is of interest to so many, I serve between 250,000 and 500,000 subscribers and generate between 5 and 10 million monthly impressions. +Thank you so much for the encouragement and advice so far. I'm currently looking into finding a CPA and establishing a business for the channel to separate my personal and professional finances for tax purposes. On that point, most everybody seems to agree. +So u/Zinko83 and I thought it would be helpful to compile a list of brokers which offer IEX routing. Thanks to all apes who have helped with useful information, to help create this guide. All information have been gathered by either me contacting each broker, or numerous fellow apes who have helped investigate. + +So as I said the goal is to compile a list of brokers whom do IEX routing, along with a link to some DD which shows how to route your trades through IEX with each listed broker. + +**\*\*Saxo Bank:\*\*** They offer IEX routing, however it's not controllable, they route their buys through the exchange with the best execution. You cannot decide for yourself. This includes both Citadel and IEX. Would therefore not recommend. Verified by u/HelloYouBeautiful + +**\*\*Fidelity:\*\*** Does not support this at the moment. There is a huge push from customers to gain this ability, however they are not acting on this as of yet. + +**\*\*TD Ameritrade:\*\*** Offers routing through IEX only for US customers. Verified by u/TheWildsLife  [TD Ameritrade IEX routing guide](https://www.reddit.com/r/Superstonk/comments/mq8opq/how_to_use_investors_exchange_iex_with_td/?utm_medium=android_app&utm_source=share) +Update: may be debunked, look at update in the bottom of the thread. + +**\*\*IBKR:\*\*** Offers routing through IEX to clients worldwide. Verified by u/HelloYouBeautiful IBKR [IEX routing guide](https://www.reddit.com/r/Superstonk/comments/p2deaf/guide_routing_order_through_iex_on_ibkr/?utm_medium=android_app&utm_source=share) and [IBKR IEX routing guide 2](https://www.reddit.com/r/Superstonk/comments/oyf30z/ibkr_tradestation_how_to_avoid_dark_pools_and/?utm_medium=android_app&utm_source=share) + +**\*\*E\\\*Trade:\*\*** Offers routing through IEX, unsure offered in Europe, but definately offered to US clients. Verified by u/Zinko83, Extensive guide can be found [here](https://www.reddit.com/r/Superstonk/comments/p2i9v9/etrade_guide_how_to_route_through_iex/?utm_source=share&utm_medium=web2x&context=3) + +**\*\*Revolut:\*\*** Does not offer IEX routing. + +**\*\*Degiro:\*\*** Does not offer IEX routing. + +**\*\*Charles Schwab:\*\*** Does not offer IEX routing. They would strongly consider if enough retail made a push for it. However I, myself, would not wait for a broker to act. Instead I would voice my opinion to them, and in the meantime choose a different broker for IEX routing. Verified by calling customer support u/HelloYouBeautiful + +Edit: No Canadian brokers seem to support IEX. They use the best execution price, which on some days is up to 50% (according to data from other posts) in darkpools controlled by citadel. Same goes for most european brokers. In this list there is brokers that accept clients worldwide. Euro and canadian apes can open an account on one of the international brokers, to route their future buys through IEX. As for UK, you can use TradeStation. + +Edit: Vanguard does not support IEX. +Fidelity still dosen't support IEX, stop commenting they do. + +Also, I am noting all of your requests for different brokers, on wether they support IEX routing. As for now, a rule if thumb, would be that they probably do not. Feel free to contact the broker yourself if you are still unsure. Since this takes a lot of time and work to update, I will focus mainly on any brokers that do support IEX routing. + + +For US (Perhaps other countries aswell) +Computershare works great aswell, however it is a bit more complicated. If anyone feels like making a guide, I will link it on here. + +None of this is financial advice, I encourage people to do their own research aswell. My opinion (which is not financial advice) is to diversify brokers instead of transfering at this time, if you feel like opening up a new broker for any potential future buys routed through IEX. + + +Update: As for TDameritrade, it has been revealed that their in fact, do not route your IEX order directly. This basiclly means, that TDameritrade is routing your order through Citadel instead. This news have been reported by some users of TDameritrade so far. I would love if people who have experienced the same (or the opposite) to show proof in the comments, to see how widespread this issue is. I would also encourage people on TDameritrade to look at their previous orders, and see how it was routed. +Nfa. +I started running the wheel on RIOT (weeklies) about 5 weeks ago due to its insane IV and its connection to BTC. Since then, I've made over 60% of what my account's value was when I started. I'm pretty bullish on cryptos given the current state of the world, but I still can't help but feel it's a bubble that's bound to pop soon enough. RIOT is currently at ATH and I really don't want to get stuck holding it, but at the same time, it's netting me INSANE weekly profits. I don't have a strong enough reason to stop trading it (other than fear) so I feel like in the end, I'll continue trading it until the bubble inevitably pops, leaving me bag holding for who knows how long. + +Any advice on what I should do? + +I was thinking of switching my strategy from selling CSP to Put Debit Spreads to at least cap my losses, but I've never tried it because I always thought it'd significantly reduce my profits. Should I even do this, or should I just stop trading RIOT (for no real real other than fear) and trade other stocks just to be safe? +Imagine a world where the crypto community and the mental health community were united as one. + +Meet the biggest charity token of the 2021 that is going to revolutionize the charity token as we currently know it. + +$R0OK Mental Health Charity Token + +Created by the founder of the worldwide clothing brand dedicated to mental health awareness, r0ok Clothing Co, $R0OK is a community charity token that is revolutionizing the charity token itself. + +Total $R0OK supply was 500,000,000 with 25% burned at before launch, and the charity, marketing, and project development wallets locked. + +BscScan verified contract. Rugscreen passed. + +This token is dedicated to making a difference by bridging the gap in creating a steady source of donations for mental health charities (research, awareness, treatment, etc). + +$R0OK Token peaked interest with their DxSale presale filling it's 300bnb hard cap in only 36hrs, and offering bonuses like a commemorative NFT when $R0OK gets closer to their NFT Marketplace launch. + +$R0OK is currently live on PancakeSwap. + +Token Address: 0xB8CBc5DD532c32a16f565Ca6Bd3Cc2DA8015bB2d + +All links can be found at their linktree: + +linktr.ee/r0okcrypto +If we're going to crowdfund things that will benefit bitcoin, we need to start thinking about where we can get the best bang for our bit. + +Seeding Universities with bitcoin (like with MIT) is absolutely the direction we should be going, not sponsoring a UFC fighter because we want to one-up Dogecoin... That's not what we should be doing. + +Here are some past and future hackathons taking place: + +http://texasbitcoinconference.com/hackathon + +http://boost.vc/hackathon/ + +http://sf.bithack.co/ + +Misc: + +http://www.angelhack.com/sponsor/ + +https://us.pycon.org/2014/sponsors/ + +https://ep2014.europython.eu/en/sponsors/sponsoring-information/ + +http://nz.pycon.org/sponsors/prospectus/ + +http://www.pyohio.org/sponsors/ + +Credit to /u/lifeboatz and /u/welikecoin for finding links. + +Edit: Added links +Let me tell you a little story that I hope will inspire the shit out of you to HOLD onto your dreams. 28 days ago I made my first whale teeth meme (fig 1). It was a dumb meme that didn't make sense, it got 66 upvotes and was only 83% upvoted, but it awakened something within me that I wanted to explore. I wanted to take this format further and share it with the world! + +[fig. 1](https://preview.redd.it/t7rztxx5v6j71.png?width=734&format=png&auto=webp&s=fac61f9d18ba31844f76ea63704644f34239331c) + +27 days ago I made a flurry of whale teeth memes posted to r/Superstonk \- initially I tried my best to make them GME related but they just kept coming out, a whirlwind of shitposts and nonsense that the mods couldn't keep up with. I got a lot of hate, people downvoted them and called me a shill and forum slider. I don't know what kept me going, but against all odds **I HELD ONTO WHALE TEETH FOR THE LIFE OF ME.** I made whale teeth memes late into the night until my eyes bled and carpal tunnel syndrome become too great to continue. + +I posted and posted and got slaughtered with downvotes, negative comments, people made fun of me, blocked me, called me annoying, I got temp banned, but I knew some day whale teeth memes would shine like I believed they could (fig. 2 & fig. 3). + +[fig 2.](https://preview.redd.it/ot7zpmdyv6j71.png?width=664&format=png&auto=webp&s=c023b5c1a28e90aac3ebdf6e0ca7aea8cb75027e) + +[fig. 3](https://preview.redd.it/5kug52o4w6j71.png?width=735&format=png&auto=webp&s=b348a9f7d189e3d6b97ee62938649f7d35162923) + +But it wasn't all negative - I made some incredible friends along the way, they supported me and told me to keep doing what I was doing. They kept me together when I was at my lowest, I truly can say I survived only because of them. Together we made whale teeth memes and we shared the joy, it was truly the best of times. I learned to make my own videos and "Whale Teeth for MOASS!" was born (fig. 4). + +[fig. 4](https://reddit.com/link/pad15a/video/vghsg3y4b7j71/player) + +Then, against all odds, a certain pickle-VWAP-praising-streamer discovered the way of the whale teeth. It didn't come easy at first, the initial reaction was disgust and repulsion - only a natural response - but the way of the whale teeth swooned him, and his Whale Teeth for MOASS stream was published just one week ago (fig. 5). + +[fig. 5](https://preview.redd.it/lvhg1e5ea7j71.png?width=319&format=png&auto=webp&s=99dd616ea5dd286b6c5b5fd242088f1d37106209) + +Now people that I don't even know "Whale teeth for MOASS!", some have no idea what it means, others give it their own meaning. But one thing is for certain, they "Whale teeth for MOASS!" together. Some how I knew deep down that this day would come, and nothing has been more clear to me that amongst us are some of the finest apes in existence, all holding onto the greatest stock in the world. **GME.** + +So HOLD for your dreams! Nothing is impossible! If you stay determined, persistent, you work hard and you try your damned hardest, nothing can stop you from achieving your dreams! + +**GME TO THE MOON!** + +Special thanks to my friends: + +u/Justind123 + +u/ButtFarm69 + +u/dylank2209 + +u/I_DO_ANIMAL_THINGS + +u/TheLeagueOfScience + +u/JohnnyStFartHugger + +[u/joeygallinal](https://www.reddit.com/user/joeygallinal/) + +u/BoltFlower + +u/KingSnakeJones + +u/BlackMoldComics + +[u/Mentor6deckbuilder](https://www.reddit.com/user/Mentor6deckbuilder/) + +u/gherkinit + +u/UhUknow + +u/mgrsttone + +u/Siegli + +u/Sufficient-Bowler741 + +u/half_dane + +u/bvttfvcker + +u/zedinstead + +u/coupleofplanks + +u/HODL_GME_HODL + +u/LunarPayload + +and each and every one of you for reading, awarding, downvoting, upvoting, reporting, blocking, banning, and "Whale teething for MOASS!" my dumb ass posts. + +You are all beautiful apes! +To start, I will never be able to adequately thank the amazing apes which are part of this incredible community. u/rensole, u/atobitt, et al have been an inspiration to this ape. In addition to doubling, tripling, DFV’ing down on the stock, I have had more entertainment in the last few months than I have had in years. No matter what happens tomorrow, next week, next month, or next year, know that I will continue to buy and hodl with all of you to make sure we can transform our collective future. While I have posted in r/wallstreetbets, I have never posted in r/GME, and this is my first post in r/Superstonk. In full disclosure, I voted for the Red Cocaine Crayon, but it was a very difficult decision between the MS Paint and the Crayola submission. I can imagine I am one of many triple digit share hodlers who is only interested in the movement and helping others to become financially independent. If we stick together, we will be stronger than any institutions who try to push us down....just remember - HODL to make sure we show the SEC, DTCC, Hedgies, and even Congress that apes together strong should never be underestimated! 💎🙌🦍 + +EDIT: Thank you fellow apes for all the kind words and awards. I am humbled by this community. Cheers! +I’m looking at buying my first property and I’ve found an opportunity that has tenants leased through July 2020 at $1550 a month. + +The house is selling for around $185k, and has no HoA fees. + +Calculating mortgage, insurance, and maintenance I’m thinking it’ll be unlikely to be over $1200/mo. I suppose there could be something big like a new roof needed in the first year, but hopefully the inspection could help with that. + +Any way, I was thinking about buying it. For 35k down I can get some experience with owning rental property, have a year to figure out how to manage and screen new tenants, and hopefully produce cash flow or at least break even considering it looks like the current tenancy is cash flow positive. + +What are your thoughts about this? Do you have any resources you recommend I read before going further down this plan? +3AC borrowed hundreds of millions from user's deposits through custodial agents like Voyager and BlockFi, and used it to recklessly gamble on all kinds of ridiculous crypto things, including "CryptoDickButt" NFT. + +This is one of the wallets of 3AC, [https://etherscan.io/address/0x2e675eeae4747c248bfddbafaa3a8a2fdddaa44b](https://etherscan.io/address/0x2e675eeae4747c248bfddbafaa3a8a2fdddaa44b) + +Which you can see has been drained out of almost every penny except a bunch of illiquid NFT tokens that have no takers. + +[Proud owner of CryptoDickButt 1462](https://preview.redd.it/dojejhe89db91.jpg?width=2682&format=pjpg&auto=webp&s=5ee37fbfe94765a6f99527334527522938809a58) + +Some other priceless (rather worthless) NFTs that 3AC curated include Slacker Duck Pond, Gutter Cat Gang, Gutter Punks etc. + +On other 3AC wallets including a NFT fund known as "Starry Night Capital", they have many more illiquid NFTs including "[Shiboshis" which they bought for almost $10k each](https://etherscan.io/tx/0xf1eeb4303d0c9b9afc6824bf047d86df6cda6605bf8d13a33e73ca7591d4be60). Infact till April, they were buying up all the junk NFTs using the funds borrowed from retail investors via Voyager, BlockFi, and any other centralised lender that was happy to lend to them. + +They bought [this one for 800 eth worth over $2m](https://etherscan.io/tx/0x6cca8635f02eb5c14fa66722392a49ae45152bc40f39bef6741ea04054b8a857) at the time, and another one called "[Arnolfrini Shrimp](https://etherscan.io/tx/0xc71aac6eec93e86a0e13b7bc15773ac95b51c822a2054ce96b20fbbc81b36ecf)" for $130k! + +The fact that these companies like Voyager kept lending out their customer's deposits to 3AC, who then used it to gamble degenerately on useless NFTs is utterly bewildering. Didnt they have any internal controls that would point out that the funds are being diverted to NFTs, when the bear market had already started? +I'm having trouble deciding between ELIX and BNTY for a small investment. I like that BNTY has only been around for a short time (a few weeks) and it seems to have more Reddit buzz than ELIX. I like that ELIX has a lower cap and more potential to grow. + +Both seem to be on dips, this might be the right time to buy. Which seems more likely to go up 10x? Thoughts? +Starting to care less and less about chasing money and more about my work life balance. Open to seeing how many people work 4 days a week and what the roles are for some inspiration. Did you take a big pay cut getting 4 days? Is work life better than before? Interested to find out. At this point I’d leave low level banking to become a barista bro if it meant I could enjoy life. +I thought this morning's interaction with my wife is reportable here. + +Quick background: I sold one of my companies last year for a few million dollars and continue to operate another one of my companies which pays me $2 to $3M per year. + +Here was this morning's conversation, nearly verbatim: + +Me: Looks like I just completed a deal with a customer where I'm going to get paid half in cash and half in equity for my upcoming consulting work. The founders have a solid track record and plan to sell within 2 to 3 years so it looks like in addition to getting paid about $100k per year we may get to cash out the equity piece for as much as $1M in 3 to 4 years. + +Wife: That's great honey. What's your schedule this morning calls-wise? Will you be able to make me scrambled eggs at some point? +I currently work in IT leading a large team and make around 300K/yr. I have an offer at a smaller company (highly-ranked private equity) to lead IT. I would make around 600K starting salary there. + +Current job is a 60 min commute, but I have been WFH since the pandemic. I have excellent job security. I lead security, compliance, and IT. + +New job is a much smaller company, with a smaller team. Commute would be 75 min, expected 5-days a week in the office officially (although they are WFH for now). Totally unknown job security, but I assume private equity expects results. Yesterday. I would not lead security or compliance, just IT. + +Wife makes \~500K with excellent job security. We are in a VHCOL location. We can technically survive on her salary alone, but it would be very tight. (Nanny, clubs, etc). + +Total NW \~3M. Total NW minus home \~1.5M. We currently save around $150K per year -- effectively all of my after-tax salary. We started working/saving late. Significant inheritance likely but not counting on it (crazy fam). Have small children. + +Pros/cons on the private equity job? What else should I ask for if I take the job? + +Are we on track for a comfortable retirement as-is? With 20 more years of work, and a 7% average return, I am estimating we would retire with around $12MM. Is that enough? Is the extra 150K/year worth the potential risk and downsides of the new job? We would likely save almost 100% of the new salary. I calculate around $18MM in 20 years if we can save 300K/year. +I currently work in IT leading a large team and make around 300K/yr. I have an offer at a smaller company (highly-ranked private equity) to lead IT. I would make around 600K starting salary there. + +Current job is a 60 min commute, but I have been WFH since the pandemic. I have excellent job security. I lead security, compliance, and IT. + +New job is a much smaller company, with a smaller team. Commute would be 75 min, expected 5-days a week in the office officially (although they are WFH for now). Totally unknown job security, but I assume private equity expects results. Yesterday. I would not lead security or compliance, just IT. + +Wife makes \~500K with excellent job security. We are in a VHCOL location. We can technically survive on her salary alone, but it would be very tight. (Nanny, clubs, etc). + +Total NW \~3M. Total NW minus home \~1.5M. We currently save around $150K per year -- effectively all of my after-tax salary. We started working/saving late. Significant inheritance likely but not counting on it (crazy fam). Have small children. + +Pros/cons on the private equity job? What else should I ask for if I take the job? + +Are we on track for a comfortable retirement as-is? With 20 more years of work, and a 7% average return, I am estimating we would retire with around $12MM. Is that enough? Is the extra 150K/year worth the potential risk and downsides of the new job? We would likely save almost 100% of the new salary. I calculate around $18MM in 20 years if we can save 300K/year. +Hey there! + +Currently, my employer will match 401k contributions up to 3%. I also have a pension and fully vested. + +This year my employer has offered the option of ending pension contributions and raising the max 401k match to 8%, or I can keep things as they are. + +I am 27yo and do not necessarily plan to retire from this company. I don’t have a clue which route would benefit me most later in life, so any input and wisdom is very welcomed. Thanks! +Good Morning Apes! + +Another possible settlement day rolls in today and I will attempt to explain this. + +Last week we where expecting a large price increase and a decent uptick in volume. This price increase came in, but most of it too early ($20 of the $45 gain happened on 11/19) and the volume did not follow suit. + +Why? + +Well it looks like there was some deferred settlement from FINRA due to the holiday + +https://preview.redd.it/iwndgigsfj281.png?width=820&format=png&auto=webp&s=1d27e23426eb92e8e7570054e1e0b987e5e47934 + +[So the settlement date for Reg T was pushed to market open today at the latest or 11\/26+T+2](https://preview.redd.it/m3lt9lq0gj281.png?width=883&format=png&auto=webp&s=bd59e546057feefe3bad235fd3fe3f18785a4e7c) + +Additionally + +* SEA Rule 15c3-3 (reserve deposit) +* Rule 4210(f)(6) + +https://preview.redd.it/ij0iqqgjhj281.png?width=763&format=png&auto=webp&s=da0f9d6bbb1e4259c9ac346aa94ee30db06c09e1 + +* 4210(g)(10)(D) + +https://preview.redd.it/86fh1h34ij281.png?width=785&format=png&auto=webp&s=a92f06e576778abaafcf962997f201558c9bfe01 + +are all moved forward as well. + +With 4210(g)(10)(D) this could make it very difficult to figure out exactly when the margin requirements must be met to satisfy the gamma exposure from Friday's options but the final settlement day is this morning before market open. + +>*\*Remember that they have had T+4 now to cover what they normally have to cover in T+2, meaning expected price improvement and volume could be diluted. With the deferred margin requirements this cycle they could also have additional time to cover any synthetics used during this period. Additionally, they can place large block orders in darkpools at market open and let those orders settle throughout the day so not ripping at market open is a possibility. This is why we frequently see the stock run mid to late afternoon on many of these settlement days.* + +As far as the Futures Roll/Fail I will be looking out past this Wednesday Dec 1st for either + +* An increase in price/volume indicating a roll +* A decrease in price and volume indication a fail + +[More on this in my Book of MOASS DDs](https://preview.redd.it/v2m5wh8qjj281.png?width=2455&format=png&auto=webp&s=cb9fab0a574781d51187f6707518d16f1e6cf47f) + +Make sure to check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +Video on my current theory... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +GME closing out the day with some slight gains but unimpressive volume. I really don;t think there is any more opportunity to see an influx of volume come in but there was some discussion on stream as to the extent of the settlement deferrals. The question is, do they get an additional settlement period on top of the deferred settlement period? For example... + +[I can't seem to find any information so far on how this deferment plays out. Does the Reg T from the 19th get moved to the 24th and then moved again because the 24th is deferred as well?](https://preview.redd.it/at0kkfvonl281.png?width=1672&format=png&auto=webp&s=2f3dce671d45c72a6e4f3a70806687d9ba5c9117) + +If anybody finds anything on this reach out and please let me know. Thank you all so much for tuning in. + +\- Gherkinit + +https://preview.redd.it/k1n9gvj4ol281.png?width=699&format=png&auto=webp&s=f3b2d766b3e9faef6a5e650b6e61334977ebdf59 + +Edit 5 2:07 + +Failed to sustain volume for the second test @ 207.50, slumping back down, right now it doesn't look like the settlement date is having much of an effect. We can still see volume into the end of the day or they have covered using that extended window provided by FINRA to dilute the remaining volume and volatility. + +https://preview.redd.it/6rtnllwo2l281.png?width=1616&format=png&auto=webp&s=788e8bc9f8be74b6592e64b1160fb8439d94104e + +Edit 4 1:04 + +12:69 incoming if we are gonna see dark pools dumping we should see it from here forward. Technicals look good for inverse H&S breakout. + +https://preview.redd.it/n3sx10hdrk281.png?width=1619&format=png&auto=webp&s=fb80def5a07ce6da60db28420ed03a2f2ec54b8d + +Edit 3 12:24 + +Climbing back up just broke through VWAP looking like another test of 207.50 is incoming + +https://preview.redd.it/r5uyl8x7kk281.png?width=1622&format=png&auto=webp&s=0c44882f1df320c39cd26792f08be134f48f501b + +Edit 2 11:18 + +Going into the midday chop trading at 202.xx, Failed two tests of the 207.50 resistance earlier. We could see darkpool Volume come in after lunch a little later this afternoon. + +https://preview.redd.it/ouqfea5i8k281.png?width=1621&format=png&auto=webp&s=4a9eb43440a039fd74a2a5d23225435233d48bd2 + +Edit 1 10:00 + +Ran up into open, the bid/ask is very wide right now hitting 1.50-3.00 ATM meaning we are gapping up and down all over the place. So low volume, high volatility. + +https://preview.redd.it/7ayh720euj281.png?width=1633&format=png&auto=webp&s=48b4b4c4bb457c5cbe61346483d47f98e7627d46 + +# Pre-market Analysis + +The massive number of shares borrowed before market close and illegally used to "bang the close" appear to have been returned. As far as market open goes the SPY is recovering a bit and GME is up 2% in the premarket on 20k Volume. + +We also have a gap to fill up to 212. + +Shares to Borrow - + +IBKR - 350,000 @ 0.6% + +Fidelity - 1,663,134 @.75% + +[GME 1m pre-market](https://preview.redd.it/vlmyaudzkj281.png?width=1610&format=png&auto=webp&s=67d737eaced6ec7a109ad378e8500e76e457dddc) + +Arbitrage starting to diverge a bit in the pre-market + +[CV\_VWAP ](https://preview.redd.it/k2it1uyclj281.png?width=2450&format=png&auto=webp&s=a70f312b2bc2dd8a574f2d0670057f24122dade6) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I read something that I would have to start with a USD 25k deposit. + +What else is a must for starters? + +Let's assume I can afford it but don't want to waste time and setup. + +Also, I do expect to be a net loser while learning the ropes. + +Edit: do I have to know the FIX protocol to code order management from my bot, or can I get away with some json etc? + +Edit2: for algo trading US stocks I must get an account at a broker who provides API access. Who do you know does that and how much would I need to deposit to get an account? Also, what are their fees in terms of mins and / or real-time data. + +Missed out on 1000x on BabyDoge and MiniDoge. Then be ready and DONT miss out on BabyShibaRocket!!!!!!!!! + +🐶$BSHIBR is a new pup in the crypto world and will be a community-driven token equipped with The Beast Buy Back, is a Hyper Deflationary Coin and Rewards hodlers with every transaction! Complete with its own Rocket, over the coming days, weeks and months Baby Shiba Rocket will fly holders to the Moon, Mars and Beyond so buckle up for the 🚀 to 1000x and $1bn Market Cap!! + +https://t.me/babyshibarocketcoin + +🪙Tokenomics; + +6% The Beast Buy Back + +5% Holder Redistribution Rewards + +4% Token Development and Marketing + +✅ 70% of the liquidity will be locked by DxSale + +✅ Contract Verified and will be shared in advance of DX Launch + +✅ CoinGecko listing fast track + +✅ Coin Market Cap fast track + +✅ BTOK promotions agreed + +✅ HUGE marketing plan + +✅ Techrate Audit + +✅ Max Buy/Sell to prevent bot sniping + +💬 Telegram: + +https://t.me/babyshibarocketcoin + +📜 Contract: TBC + +🌎 Website: + +www.babyshibarocket.xyz + +💬 Twitter: + +https://twitter.com/BabyShibaRocket +Hi there, + +I have proof if the mods/admins need it. + +I am paralyzed from the chest down due to a serious accident that I was in. I'm now a "quadriplegic" which means I have compromised hand/arm/tricep control .... and completely paralyzed from waist down. + +My life is really difficult. I've lost my friends and my girlfriend. I am desperately trying to reintegrate into society and be like anyone else. + +One positive thing out of all this is that after a lot of fighting I won a settlement of 8000$/month for as long as I remain alive. Going up about 1% per year. + +It costs me 2500$/month to survive (shelter, food, medications) + +which leaves me a significant ammount that I ought to have a good plan for. + +instead, I've just been wasting it on hookers, drugs, giving it away to people who use me for my money, and literally just pissing money away. + +My excuse was "well, I'm fucking paralyzed now. I can do whatever I want" and that logic paved the way for me to justify a lot of horrible horrible things. + +Now. I want to stop. I don't want to numb myself with drugs, booze, hookers, false-friends, bullshit. + +I want to save up so that someday I may buy my own home or condo. + +I also want to save up so that I can be in a position to donate to charities and help others. + +I also want to save up so that someday I can finance my own film and produce it. + +I just have zero idea with what I am doing with my life and my money. + +Id appreciate some advice as to what you guys would do with this money and how to best make it go as far as possible. + +thank you for taking the time to read this and I look forward to the replies. + + + + + + +**edit** Thursday/11pm: Wow. Holy shit. I posted this in the morning and went about my day and really didn't think anyone would read it. My inbox has exploded and I have over 400 messages to read in this thread. I will do my best to reply to as many as I can before I have to take a break and go get a little high. + + +<< **Edit #2** >> +-- Wow. It's amazing I got over 600 inbox messages and 80% of them involved people asking me for money. From paying off their student loans to many "startups" and "apps" that need "angel investors" -- geez, this isn't the sharktank! I was asking advice for my life. + +<<**Edit #3** >> +-- I didn't mention it to begin with... but I've managed to get myself in 50,000$ of debt. My efforts will go to paying that off ASAP and then I can commence savings. + +<< **Edit #4** >> +-- I very much agree that my MENTAL HEALTH is the best investment I can make. I am going to seek help so I can stop using drugs and vices to feel something. + +<< **Edit #5** >> +-- I just turned 29 today. March 6'th. + +<< **Edit #6** >> +-- I want to make a horror picture. I think I can write/direct the shit out of a horror movie someday. +Let's say we're at the top of the next bubble and we've all made it through and it looks like we might have another crash coming up, so it's time to get out for a while. Now what? Most of us have never been rich before and don't have offshore secret accounts and wouldn't even know how to set one up. Financial advisers won't help us out because we don't have the money in a form they're used to. Getting our funds out of Coinbase will have huge tax implications (US). And it's not highly likely cryptos will be universally accepted at that point (I can't just buy a house anywhere, and there's still tax implications). I'm not trying to avoid taxes, but I want to be smart about it. At this time, just moving to a stable coin is a taxable event. + +So, what are your exit strategies? Have you thought that far and have a plan, or are you winging it like me? I have some time to figure it out, but it'll run out before we know it. + +P.S. I know eventually everyone's going to use crypto, but I'm talking about in the medium term. I'll get back in again. +I am analyzing corporate profit in India for last 20 years. I used 2 sets of data. + +1. GDP data from World bank - [Link](https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=IN) +2. Corporate profit to GDP % - [Link](https://www.statista.com/statistics/1051225/india-corporate-profits-to-gdp-ratio-trend/) +3. USD INR data from [RBI exchange rate data handbook](https://www.rbi.org.in/scripts/PublicationsView.aspx?id=19131) + +I found following trend from the data: + +&#x200B; + +|Year|Corporate Profits \[Bn USD\]|USD/INR|Corporate profits \[Bn INR\]| +|:-|:-|:-|:-| +|1999|$7.80|43.3327|₹ 338.00| +|2000|$8.90|45.6844|₹ 406.59| +|2001|$9.71|47.6919|₹ 463.09| +|2002|$11.33|48.3953|₹ 548.32| +|2003|$18.23|45.9516|₹ 837.70| +|2004|$33.33|44.9315|₹ 1,497.57| +|2005|$44.30|44.2735|₹ 1,961.32| +|2006|$58.30|45.2495|₹ 2,638.05| +|2007|$88.82|40.2607|₹ 3,575.96| +|2008|$93.51|45.9933|₹ 4,300.83| +|2009|$73.80|47.4433|₹ 3,501.32| +|2010|$108.91|45.5626|₹ 4,962.22| +|2011|$113.03|47.9229|₹ 5,416.73| +|2012|$89.55|54.4099|₹ 4,872.41| +|2013|$85.41|60.5019|₹ 5,167.47| +|2014|$87.68|61.1436|₹ 5,361.07| +|2015|$79.94|65.4685|₹ 5,233.55| +|2016|$71.14|67.0720|₹ 4,771.50| +|2017|$92.85|64.4549|₹ 5,984.64| +|2018|$81.39|69.9229|₹ 5,691.02| + +According to this data, there is no growth in Indian corporate profits since 2012. I have plotted a graph as well, but I am not able to attach to the post for some reason. Does this mean, current PE ratio of market is inflated and there is strong chance further correction. + +Edit: As suggested by many users, I have converted USD values to INR. I have used Average USD values \[Column 4 in RBI data\] from [RBI exchange rate data handbook](https://www.rbi.org.in/scripts/PublicationsView.aspx?id=19131). As per data in INR, corporate profits have low or no growth since 2011/2012. +Hi All. I saw the news that Nykaa hit 1L marketcap yesterday. That made me wonder how does it get calculated. + +I looked it up and found that marketcap is stock price multiplied with the number of outstanding shares. + +I looked up definition of outstanding shares and found that these are the ones which are held with the public. This means these aren't the shares that were held by private investors that invested before the listing. **Q1.** Is my understanding correct? + +Back to the original question, so how do we reach the 1L marketcap? As per the IPO information below( fetched from [https://www.chittorgarh.com/ipo/nykaa-ipo/1170/](https://www.chittorgarh.com/ipo/nykaa-ipo/1170/)), there were 630 crore shares made available to public. **Q2.** Is this understanding correct? I doubt this is incorrect but since it says each share had face value of 1 rupee then these must be 630 crore shares? If not, then what is this aggregate number? + + + +|Issue Size\[.\]|Eq Shares of ₹1 (aggregating up to ₹5,351.92 Cr)| +|:-|:-| +|Fresh Issue\[.\]|Eq Shares of ₹1 (aggregating up to ₹630.00 Cr)| +|Offer for Sale|41,972,660 Eq Shares of ₹1 (aggregating up to ₹4,721.92 Cr)| + +&#x200B; + +**Q3.** And if these understandings are correct, then the marketcap would be 630 crore multiplied by 2239, which is much more than 1 lac crore. + +Please help me make sense of this. Thanks in advance. +They claim to return double the amount of investment upon maturity(124 months). They also claim to not have any upper limits on the amount of money invested. + + So what's stopping someone with say, 2.5 crores of liquid cash from investing into it for the next ten years and walking out with 5 crores after ten years(before tax)? + +Are the Post Offices capable of providing such a sum of money? Why don't more people make use of this scheme to double their money, free of risk? +So i moved out of India over 4 years ago but realised I've been paying TDS on some interest income i was receiving in my account (close to Rs.30k) every year. + +I see that i could be filing DTAA and save on paying any tax every year. The form itself has multiple blank boxes to be filled in. Is there an online CA or organisation which would look into my case for me remotely? Better yet if there was a guide which would help me fill it myself that would be even better. +# Well, the answer is dead simple. Just invest in projects that are fixing what is broken. The end. LOL. + +But seriously, let’s take a look at these huge problems before solving them. + +If you didn’t know, yield farming is 1. a whale game, and the constant dumping of tokens with 2. a relatively small liquidity causes small projects to be dumped close to zero. The classic ‘they come, they eat, they leave’. + +Naturally, it is a good thing when a project is not anything special — bad projects don’t deserve long-term price appreciation. + +Yet, we’ve seen projects with extremely high-quality development and technology being dumped in the beginning and then rise from the ashes. They are now solving these problems even if the token price during early days dumped to close to $100K market cap. + +Was that enough warm-up for you? Here we go, let's fix the problems. + +# PART 1: DESTROY (or tame) THE WHALES + +Tokens represent governance. One governance token governs one ecosystem, right? For example, **SushiSwap** governance happens through **SUSHI** tokens. If you want to be part of several communities and make your vote matter in each of them, you need many different tokens…OR DO YOU? WHAT IF you could own **a governance token that was governing 10 or 100 projects at the time**? + +As farming gives you governance token rewards, you will normally dump that token on the market for ETH. What if there was a platform that would just: + +A. reward you in **ETH** and + +B. only IF you chose to take your rewards in the governance token instead of **ETH** then the governance token would be bought from the market and distributed to you? + +...then... + +C. We would have no dumping of the governance token, only solid ‘pumpamentals’. + +**Dracula Protocol** does this. When you have different LP-tokens from several other farming projects Dracula gives you the option to stake them on its native platform. It then farms your tokens and automatically sells the "victim" governance tokens to the market for ETH, keeping just a tiny portion of the “victims” governance token in Dracula’s vault — *we will come back to the vault part in a moment*. + +Now, the **ETH** rewards then get automatically compounded with **ETH** staking on a trusted platform such as **AAVE**, so the rewards get another boost. + +When you decide to harvest your rewards, you either choose to receive all that **ETH**, or if you choose to receive it in Dracula governance token **DRC**, the code automatically buys **DRC** from the market and distributes **DRC** to you. + +But why would you want to receive the governance token? + +The vault man, the vault. The vault now holds governance tokens from other protocols. Let’s say Dracula would have 2% of all circulating tokens of SUSHI in its vault. **If you then hold DRC, you are holding tokens with 2% voting power in SUSHI governance.** + +Yes, you read that right. + +**Dracula will delegate the voting power from its partners to DRC holders.** While you stake your **DRC** on Dracula, **you will also be receiving a small portion of all ETH** rewards piled on the platform. + +To add a cherry to the top, all actions on **Dracula Protocol** are crowdfunded from the total rewards. This will help all the users as all the fees get cut big time. + +These elements solve the problem of only whales being able to act freely in an ecosystem, and the whales dumping. They also solve a problem with governance as today so many votes do not get used as you often need to pay a fee to vote, too. + +One problem remains though: How to bring liquidity to create an incentive for someone to buy into a project with big money. Also, how to have liquidity to buffer the price when going downwards, too? + +# PART 2: DECENTRALIZE THE LIQUIDITY FOR A MILLION YEARS TO COME + +Enter **Toad Network**. + +In **TOAD** you farm using your LP-tokens and you get rewarded with LP-tokens. The trick is that when you enter LP-token farm, you pay a 10% fee. And when you exit you pay another 10%. + +Wait a minute, isn’t that how some Ponzi would work? You’ll see soon enough. + +These LP-token fees will become future farming rewards. You can withdraw your farmed rewards without an additional fee. + +Then you can use those rewards by adding them to **TOAD-BNB** staking pool to gain rewards in **TOAD**. And again, you can stake **TOAD** to receive staking rewards for more **TOAD**. + +So, the minute the whales come in for their treat of eating and sh\*tting on the project, they’ll give 10% to the existing community of LP farmers. And when they are done with their lunch and withdrawing LPs to dump on the market, f\*ck yeah, they give ANOTHER 10% to the whole community. Don’t you love where this is going? + +Instead of a Ponzi, we have a long-term hodler & farmer community with decentralized & perpetual liquidity. For a million years to come… + +Now, as said, **TOAD** is building an ecosystem of **perpetual liquidity**. Bored of pancakeswap forks and their lack of vision, Toad will launch their own swap soon. As they will use their code on tokens listed on the exchange, there will be enough liquidity for good amount of trading with no possibilities for teams to do rug-pulls. **Toad Network** is building something that no other project is offering — at least I haven’t dyorred any that do. + +The huge liquidity will also serve as a reserve for a myriad of financial tools such as lending and savings. + +DeFi for the people’s republic of crypto space. Or resistance. Or whatever you want to call it. + +These two projects work on different blockchains, **Dracula on Ethereum** and **Toad Network on Binance Smartchain**, but both see their near future as **cross-chain**. Meaning the elements of both ecosystems will serve all of the crypto space. + +Let’s cut it here. Now I ask you to talk to the devs and see if they’re BASED on not. +Long commutes, bad traffic, long times away from home, micro aggressions from co-workers, feeling chained to a desk, open floor plans, lack of privacy, inability to do errands -office life sucked for the most part. And nobody seems eager to go back to it. + +So a big part of the reason people want to FIRE is just that. Now with work from home policies for many, it feels better, less stressful, more time to do other things besides sit endless hours in an office. + +Has this affected your FIRE plans at all or made it maybe easier to work longer? +[Link to article](https://www.wsj.com/articles/vanguard-will-let-investors-trade-its-rivals-funds-online-for-free-1530536400) + +Vanguard Group plans to eliminate online commissions on its rivals’ exchange-traded funds, a move by the asset management giant to lure new assets and steer more customers to financial advice. + +Vanguard became the world’s second-largest money manager by offering some of the lowest-cost products in the industry. Rivals have increasingly tried to match or beat Vanguard on fees, pushing the cost of investing toward zero for some basic portfolios of stocks and bonds as firms duel for customers. + +For years customers paid nothing to trade Vanguard’s own funds. In August the manager will extend that same arrangement to customers that want to buy or sell online nearly 1,800 other ETFs offered by such competitors as BlackRock Inc., Charles Schwab Corp. and State Street Global Advisors. It will still charge commissions for phone trades of these rival ETFs. + +The plan is the first significant pricing change at Vanguard under new Chief Executive Mortimer J. ‘Tim’ Buckley, who took the helm earlier this year. The larger strategy is to attract new brokerage clients to Vanguard and offer them other services like financial advice where Vanguard can collect additional revenue. + +“If we attract new investors, we have an opportunity to offer them advice over time,” said Karin Risi, head of Vanguard’s retail investor group. + +Currently the amount Vanguard customers pay to trade other ETFs depends on a client’s account size and, in some cases, trading frequency. For example, investors with $50,000 or less pay $7 per online trade on the first 25 trades, and then $20 thereafter. Those with $500,000 to $1 million pay $2 per online trade. + +Vanguard won’t be the only firm allowing investors to trade rival funds without paying a commission. Fidelity Investments’ brokerage unit allows clients to do the same thing with 95 ETFs run either by Fidelity or BlackRock’s iShares commission free, according to its website. + +Fidelity last year lowered online trade commissions on U.S. stocks and exchange-traded funds to $4.95 from $7.95, a move that rival Charles Schwab Corp. quickly matched. Earlier this year, Fidelity shook up the way it charges clients for financial advice, making fees more transparent and cutting the cost of its robo adviser Fidelity Go. That service now costs investors 0.35&#37;; they previously paid both management and underlying fund fees. + +Vanguard launched its financial advice business, Personal Advisor Services, in 2015. It caters to customers with at least $50,000 and charges 0.3&#37; of assets under management for that advice. That is less than the 1&#37; typically charged by traditional wealth advisers. + +Assets in that business have reached $106 billion, and roughly a tenth came from new clients, executives said. Vanguard has $1.5 trillion in its retail investor group, which includes brokerage accounts, and $5.1 trillion in assets across the entire firm. +TL;DR: A bank ban for trading Bitcoin has resulted in a system offered by Equifax to prevent me from holding an account with non banking related industries, such as a Gas Electricity Provider. + +----------------------- + +A few weeks ago, I posted a thread here showing a live update on my quest to open a bank account for my Bitcoin trading business here in Australia (OP: https://redd.it/6fl0i3). + +While pretty much all of these application requests were denied, one bank did respond with an application form (Albeit, the email felt a bit generic - but figured I'd give it a try none the less) + +I submitted my application and everything was going great.. Until I was informed that I had failed their ID verification process and to submit it again. It was an online form I had to fill out and I thought it was strange that it didnt request my ID information, just Name, DOB, address and phone number. I thought it may have been a glitch, so submitted the form again. Still no request for ID. + +Two days later, I received a phone call from this bank, stating that my ID verification had been denied, as my details had been "red flagged" for fraudulent behaviour, and I would have to get this fixed up before submitting again. I was told to contact "Equifax" to get the issue resolved and that was that. + +I Immediately contacted equifax (the recent purchaser of VEDA), and asked if I could speak to someone regarding a "rejected ID verification". After bouncing through a few people, it came apparent that no one had any idea as to what I was talking about, and that they only dealt with Credit Reports. + +So I ordered my credit report (for me personally and my business) to see if there was anything on there to be concerned about. Nothing. Just some old credit card applications from 2013, and a car loan. No "Red Flag", No "Suspicions activity reports". Nothing. + +By this point I thought maybe the bank was trying to shift the blame, so they could avoid the conversation of telling me they couldnt offer me a bank account because of my business nature. But before I made the phone call to them, I figured, a quick google search wouldnt help. + +Sure enough, Equifax DOES have an ID verification system called IDMatrix - and as spotted, the bank I was dealing with was one of their clients, and a bank I had been BANNED from in the past was also a client. + +Now that I had a name to the face, I called Equifax bank, and requested to speak to someone from IDMatrix, regarding some verification issues. The closest I got was speaking to someone from their sales team, who put me through to the credit report department, who put me through to "customer service", who put me back through to the IDMatrix sales department, who were then closed. + +Getting no luck with the phone calls, I decided to draft up an email to IDMatrix, and sent another email to the bank, requesting they provide proof of this ID rejection, so I could send it onto IDMatrix, in case they try to stone wall me with "We have no idea what youre talking about" answers again. + +When I was going through the IDMatrix website earlier, I noticed that they provided their services to non financial businesses as well (Such as a large Electricity and Gas Provider here in Australia). Out of curiosity, I started the application process to apply for a new electricity connection to my house, to see if the result would be any different to what the bank got. A few tick boxes later, and sure enough, I was not eligible for an electricity connection with them! + +I was shocked. Dealing with bank bans was one thing, but dealing with the rejection from a basic household utilities company was another. What significance does my business activity have to a utilities provider? I'm sure they have no issue with providing electricity to hydroponic set ups, or a gas connection to a meth lab? At least ive never heard of electricity or gas being cut for that reason. I would assume they couldnt give two stuffs what they do in their spare time. But a Bitcoin Trader? Thats some risky business. (Yes I am aware this isnt the Utilities company's fault - rather IDMatrix's, just using the hypothetical for comparison). + +To wrap this up, I have emailed my solicitor to get advice on the matter, and I'm not "banking" on much to receive any response from the bank in question or Equifax. But thanks for the vent reddit. Appreciate it. +If Donuts are for sale, then we have no better signalling in here than an ETH coin vote. + +I am all in favour of donating, but the transfer of Donuts in any capacity regrettably allows for the sale of donuts. This means EthTrader polls become game-able. + +[View Poll](https://www.reddit.com/poll/aiq8o7) +Conventional wisdom says to diversify your investments so if one fails it doesn’t take out your whole portfolio. + +However, I’ve also heard that concentration builds wealth and diversification preserves it. In addition to this, Buffett has said something along the lines of “why would you add more to your 7th best idea?” + +Personally I’m moreso a fan of concentration over diversification. I have about a $47k ish portfolio split between 6 stocks, with about 65% between just two. I’ve mostly only been adding to those two recently and have brought this up on r/dividends where most were in favor of diversification over concentration. + +What is the general consensus here? +I am not a huge fan of youtube streamers but i came across Everything Money and have been watching their videos lately. Mostly just for entertainment, I am not going to purchase their product or run and buy what they suggest right away. Anyone like them or think they are a joke? TIA +Hey guys. I know this sub is for value investing. Just posting this here in case anybody can steer me in the right direction. + +Out of all the posters in WSB, it seems like there are some people with some legitimate backgrounds in finance and the valuation skills that come with it. So far, I’ve identified three: + +1. u/deepfuckingvalue — was a CFA. Very fluid approach to investing. Is a self proclaimed deep value investor, but also includes technical analysis when forming a thesis on a company. + +2. u/player896 (OP of “Bankrupting institutional investors for dummies”) — made a post about passing first CFA exam, so I assume he’s becoming a CFA. + +3. u/jeffamazon — no idea what background this guy has, but his analysis is legit. Any chance anybody know more about this guy? + +Ok so now I have a few questions. + +1. Are there any other redditors posting great analysis worth following? If so, which ones? + +2. Is becoming a CFA absolutely necessary to learn how to do the analysis that DFV does? + +3. Would it be possible to formulate the CFA curriculum myself without going to through the schooling/tests? Not for the sake of being a CFA, but just to know what a CFA knows (if it is in fact the case that CFA education is what gave DFV the skills to do what he does). + +4. Any recommendations for books, lectures, interviews, that might help me on my journey? I’m essentially building myself a list of material to study. Thank you in advance for any guidance😎 + +Hi everyone, + +I've currently seen some REITs that have been hit by the pandemic but look good enough to be able to get through it, at first glance. I haven't approached REITs before but I like the compounding effect dividends gives the owners and there may be value to be found here. + +As I haven't done DD on REITs before I'm curious to know what Red / yellow flags and things I should pay extra attention to in the DD, please share your thoughts! + **Introduction:** + +I have a company that has been sitting in my portfolio since the very beginning of 2021 and that company is Dropbox (DBX). This is one of the companies that aren’t crazy exciting and you may not see it talked about a ton when looking for all those new, sparkly stocks. This company has a great portfolio of offerings and a great sticky recurring revenue business model along with a founder that has been with the company since the beginning. Plus, they have been making strategic acquisitions to ensure that they can offer a competitive suite of different products to fit the need of their small and large customers. + +TLDR: I currently own shares in this company and would likely only add if we saw a significant drop in the valuation relative to what I think its fair value is (Obviously assuming fundamentals remain the same). At around $16 - $17, I would start to get interested in buying some more shares of DBX.  + +If you would like to watch my Youtube video explanation click [here](https://youtu.be/Cb-PNI4fqVw). + +If you would like the article with pictures click the Substack link [here](https://joshsinvestmentideas.substack.com/p/a-look-into-a-good-recurring-revenue?s=w). + +*Disclaimer: I own shares in Dropbox and it currently makes up 11.5% of the equity portion of my portfolio. This is not financial advice and you should do your own due diligence when looking into a company.*  + +**DBX - Dropbox:** + +“We generate revenue from individuals, families, teams, and organizations by selling subscriptions to our platform, which serve the varying needs of our diverse customer base. Subscribers can purchase individual licenses through our Plus and Professional plans, or purchase multiple licenses through our Family plan or our Standard, Advanced, and Enterprise team plans….We typically bill our customers at the beginning of their respective terms and recognize revenue ratably over the term of the subscription period. International customers can pay in U.S. dollars or a select number of foreign currencies.  + +We offer DocSend as our secure document sharing and analytics solution. DocSend offers paid subscription plans, including a personal plan designed for individuals and Standard, Advanced, and Enterprise plans designed for business users and teams. Similar to Dropbox plans, pricing of DocSend's plans is based on the number of licenses purchased. Customers can choose between an annual or monthly plan, with a small number of large organizations on multi-year plans. We typically bill DocSend customers at the beginning of their respective terms and recognize revenue ratably over the subscription period. DocSend primarily sells within the United States, and the majority of sales are in U.S. dollars.  + +We also offer HelloSign, as our e-signature solution. HelloSign has several product lines, and the pricing and revenue generated from each product line varies, with some product lines priced based on the number of licenses purchased (similar to Dropbox plans), while others are priced based on a customer’s transaction volume. Depending on the product purchased, teams must have a minimum number of licenses, but can also have hundreds of users. Customers can choose between an annual or monthly plan, with a small number of large organizations on multi-year plans. We typically bill HelloSign customers at the beginning of their respective terms and recognize revenue ratably over the subscription period. We sell HelloSign products globally and sell primarily in U.S. dollars. ” [Q1 2022 10Q Filing](https://dropbox.gcs-web.com/static-files/068a808f-da94-4475-9324-d9bf418f2a9b) + + [Product Offering Screenshot](https://imgur.com/a/UsqXJ7S) + +**DBX breaks its revenue down into the following segments:** + + [Segment Revenue Screenshot](https://imgur.com/a/Q5QM11m) + +* The two items you should understand are how this business model recognizes its ***revenue*** and incurs ***expenses***. “We recognize revenue from subscriptions to our platform over the terms of these subscriptions. Our subscription arrangements generally have monthly or annual contractual terms, and we also have a small percentage of multi-year contractual terms. Amounts that have been billed are initially recorded as deferred revenue until the revenue is recognized. As a result, a large portion of our revenue for each quarter reflects deferred revenue from subscriptions entered into during previous quarters, and downturns or upturns in subscription sales, or renewals and potential changes in our pricing policies may not be reflected in our results of operations until later periods. Our subscription model also makes it difficult for us to rapidly increase our revenue through additional sales in any period, as subscription revenue from new users is recognized over the applicable subscription term. By contrast, a significant majority of our costs are expensed as incurred, which occurs as soon as a user starts using our platform. As a result, an increase in users could result in our recognition of more costs than revenue in the earlier portion of the subscription term.” [2021 10K Filing](https://dropbox.gcs-web.com/static-files/58450624-a3a9-4f41-a94a-8799456275d1) + +**Financials:** + +* Total Revenue TTM as of Q1 2022: $2.209B + + [Revenue TTM Screenshot](https://imgur.com/a/s9Mb6Lz) + +* Profit Margin was recently between \~16%. A big reason 2021 was unprofitable was due to a 1-time impairment of their property in San Francisco. + + [Gross Margin, Operating Margin, and Profit Margin screenshot](https://imgur.com/a/6p62ksG) + +* Current P/E: \~22  +* EV/EBITDA: \~18.06 +* Current Cash as of Q1 2022: $445.5M, but they have 1.05B in marketable securities + + [Cash and Marketable Securities Screenshot](https://imgur.com/a/65GrxSA) + +* Total Long Term Debt as of Q1 2022: $1.370B + + [Total Debt Screenshot](https://imgur.com/a/yR7QXkO) + +**Industry** + +* According to Allied Market Research, “The cloud storage market size was valued at $46.12 billion in 2019, and is projected to reach $222.25 billion by 2027, growing at a CAGR of 21.9% from 2020 to 2027. Cloud storage is a next-generation system that interacts in human language and helps experts to make better decisions by understanding the complexity of unstructured data.” + + **Strengths:** + + [Key Metrics Screenshot](https://imgur.com/a/jb4hmE3) + +1. Average Recurring Revenue (ARR) Growth and Average Revenue Per User (ARPU) Growth + 1. Two of the key performance metrics you should look to when reviewing a company like this one is its ARR and ARPU. The ARR shows us how their recurring revenue is growing YoY along with the ARPU to give us a better insight into the efficiency of revenue per user. An increase in ARPU means that we are capturing more sales in dollar terms per user added into the Dropbox ecosystem. The key metrics screenshot above from the investor day presentation shows that they went from $123.07 at the end of 2019 to $133.73 at the end of 2021 while their latest 10Q continues to show that increase in ARPU.  [Quarterly ARR and ARPU Screenshot](https://imgur.com/a/DpxQIQ8) + 2. Paying User Growth + 1.  They currently have 700 million registered users across 180 countries with 17.09 million being paying users. This paying user number continues to increase over time and as they are able to add to their offerings it will convert nonpaying users. [Paying users Screenshot](https://imgur.com/a/AfF0OSi) + 3. Open Ecosystem + 1. One of the competitive advantages that Dropbox has been building out over the last two years is its own ease of access to work with other applications. They have also set up an easy-to-transfer process so that new clients can move their data over to DBX’s own platform with little to no hassle. [Partners Screenshot](https://imgur.com/a/bjsWzYd) + 4. Stock buybacks + 1. “In February 2020, the Company's Board of Directors approved a stock repurchase program for the repurchase of up to $600 million of the Company’s outstanding shares of Class A common stock. In February 2021, the Board of Directors authorized the Company to repurchase up to an additional $1 billion of the Company's outstanding shares of Class A common stock. The Company completed the February 2020 stock repurchase program of up to $600 million during the three months ended March 31, 2021. In February 2022, the Board of Directors authorized the Company to repurchase up to an additional $1.2 billion of the Company's outstanding shares of Class A common stock...During the three months ended March 31, 2022, and 2021, respectively, the Company repurchased and subsequently retired 11.0 million and 18.6 million shares of its Class A common stock, respectively, for an aggregate amount of $259.9 million and $431.9 million, respectively. The amount for the three months ended March 31, 2021, includes $200.0 million in repurchases of 8.6 million shares of our Class A common stock in conjunction with the issuance of the Notes, which was outside of our stock repurchase program.“ ([Q1 2022 10Q](https://dropbox.gcs-web.com/static-files/068a808f-da94-4475-9324-d9bf418f2a9b)) + 2. The current amount left for repurchasing as of March 31st, 2022, is $1.2 billion which means that if they were to use it all today it would be equal to \~15% of today’s market cap (1.2 B Buyback/ 7.58B Market Cap = 15%). Obviously, they won’t spend it all in one quarter, but it just shows how much of an effect the buyback would have. [Buybacks for Q1 2022 Screenshot](https://imgur.com/a/sQjfEVP) + +**Risks:** + +1. Competition + 1. There is a lot of competition in the ever-growing cloud storage and the online team collaboration software space. Whether you look at large offerings from the likes of Google, Amazon, and Microsoft or individual software that the small to medium enterprises rely on like Adobe, VMWare, Box, and DocuSign, there may be some more competition in this space. While Dropbox is not considered number 1 in terms of market share, its take on an open ecosystem may allow this to complement other systems rather than forcing businesses to choose only one or another cloud storage, provider.  +2. Cyber Security Risks + 1. While I know this is a risk for most, if not all, companies I feel like I still want to mention it. Since companies are hosting their files and information on Dropbox’s servers, it is very important that Dropbox does not have any major security leaks that come out because a lot of the information is sensitive information to the business. A large data leak could truly hurt the reputation along with bringing on legal suits that will likely follow a security breach. This could cause the recurring revenue to slow down significantly and possibly have companies/users move their data from Dropbox to a competitor’s offerings that are seen as “more secure.” Part of this may be caused by the open ecosystem due to a breach through a third-party application like Microsoft’s or Google’s offerings. +3. Changes in Data Regulation + 1. Since this company operates with other companies’ data, it is very possible that data regulations become stricter which could cause Dropbox to incur costs that are not currently being forecasted. While this is more of a shot in the dark because you truly never know what changes will come until they get signed, it is a real possibility. We have seen many countries start to take steps toward data and privacy regulations. Dropbox operates in over 180 countries with about half of its sales coming from the US alone, so if we have any significant changes in regulations here in the US that could mean some short-term hurt. + +**Discounted Free Cashflow Model** + +If you would like to see my worksheet the link is [here](https://docs.google.com/spreadsheets/d/1vtpRKAHPunIpvfQ-gB7HeoM19DY-pQTKOPplhJMEE78/edit?usp=sharing). + +[DCF1 Screenshot](https://imgur.com/a/XF1Nsxm) + +[DCF2 Screenshot](https://imgur.com/a/gygcPsH) + +**Closing Thoughts:** + +As we have seen over the last two years, being able to work digitally along with making file storage easier to access for external and internal users is becoming increasingly important. While the company is not growing crazy at 30% YoY for their sales, they are continuing steady growth along with buying back shares to give back to shareholders. Also, this being a founder-led company truly gives the management more incentive to continue growing the business over the next 5 - 10 years.  +Happily go through relevant ratios, annual reports and growth prospects now but, God, I was moronic. + +At the start my stupid moment was making a self-made lithium ETF that at first included large multinational miners but then descended in to just adding stocks with lithium in the name. + +Managed to make 30% funnily enough before I wished up but that's besides the point. +I never missed out FYI, it’s just a common thing I hear on most stocks. +Apple, amazon, Microsoft.... weren’t unknown companies five years ago. The skill isn’t finding a company to buy. The skill is researching what you buy and holding it for years if no reason to sell. + +Buying and finding isn’t the skill, holding and patience is. + +If you weren’t confident on buying Tesla 2 years ago, you wouldn’t have been confident on holding the position that long. +Edit:: **RESOLVED** Thank you all for your help and advice. It ended up being an easy task in their portal that the phone operators weren't able to guide me to. They have all these different options in their calculators in the portal and when I clicked on all of them it said they would reach out to me. However, I found that if I used the "schedule payment" option instead of the other "lump sum" options the payment is going through and reflecting the balance on the calculators on the portal. I did a test run to make sure it's working properly so we'll see. I'll also confirm with them that the PMI will be removed if I pay the balance on their "PMI Removal" calculator. I feel like an idiot for not seeing this before, but I'll transfer some of the blame to the call operators as well.... it was such an easy thing I feel like they should have known. Also if they just emailed me in the 5 business days like they said they would it would also be resolved a lot faster + ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ + +My wife and I initially put 10% down on our home and we have now saved enough to pay off the rest of the 20% to remove PMI. On my payment portal for my mortgage I don't have an option to pay anything else other than my standard mortgage payment. I can make extra "payments" , but to pay a "lump sum" I need to file a request on the portal. + +That's all fine, but when I file the request I get a notification that the company will contact me in 5 business days regarding the request. I've made this request probably 20 times since mid May and have not received any kind of communication. + +When I call their 800 number I get a customer service person who seems to not understand what I am requesting and it takes an hour of explaining and talking for them to "get it." I've called twice and each time they've just told me to wait for a response on the request from the portal. They confirmed my email was correct and I have nothing in my spam folder. I also confirmed on each phone call (latest one was last week) that they had not sent me the authorization to make the lump sum payment. + + +Edit: Clarification: The loan is about a year and 1/4 old + +Is there anywhere I can make a complaint about this? I feel like they don't want me to make this payment on my mortgage. Is there another course of action I should take? +I'll start again. I'm in the healthcare industry in WA. Still busy. Lots of staff shortages for doctors, nurses and pharmacists. I believe the govt is trying to get the hospitals in order before opening borders - which is smart. This is only an opinion. + +Most shops and cafes are booming. Lots of signs looking for workers. However, I also notice the ones that struggled before, have shut down. More empty retail space in city centre than I've noticed before e.g. hay St mall. + +People are still buying houses within the first week of listing. One on my street sold two weeks ago before it was even listed. +I have been waiting all year to post this, as it doesn’t feel right or appropriate to share with friends/family. Similar to others only my fiancé (should have been married but due to COVID wedding is postponed, far better than what others are going through right now) is the only person on this earth who knows. + +For context I graduated college from a small public university, got a degree in accounting and have never made over $90k from a W2. I’ve received zero inheritance, don’t have wealthy parents, and only $1,000 car to my name 6 years ago. Now I drove a $6,000 Camry. Similar to another poster, I did this with day trading, over the past 10 months. I know everyone’s first thought is WSB but I personally don’t enjoy that community (no hate for those who do) just not my style. Yes I had some YOLO trades and yes I invested in some popular stocks, but the one stock I made the most money on is one I have been trading since 2015, and I follow the news on it daily. + +Going forward I don’t see day trading as a possibility (don’t want to end up like dot com day traders). I treat this as a one time opportunity from which I will move on from. I do have rental property and I’m considering focusing more on growing that. My near term goal is $5M which seems tough with two people one income of $90k. + +Ultimately I’m looking for advice from people much smarter than me. What would you do in my shoes? Only debt I carry is on my rental property and primary residence. +When do I retire ( as in I have a pile of money BUT...)? AND + +What do I do now? + +These questions and many similar questions can be answered with confidence once you clear your head of all the garbage. I know one way to do that. This is not for everybody (though I would argue 95% of the folks reading this would gain from this solution). + +Walk the Camino de Santiago. 5 weeks walking with 2 changes of clothes on your back and water to drink. Simple living. All you have to do is walk 15 miles a day. Eat. Sleep. Then meet people from all over the world each with their own story. Somehow you learn what your needs are. You learn to identify what you don't want to deal with anymore. Perhaps this is too radical for many here. Perhaps not. + +You see financial prep is but one aspect of a successful life. I don't have all the answers but so many seek these answers. When I struggled with my food businesses, worked stupid hours and did not get the results I desired, I did the walk. I identified what I did best and what I was weak at. Bottom line, I do less work and make more money now. + +So think about it. How can you clear your head to find the answers you seek. Best of luck. + Another Mod has asked me to submit this to verify if my claims as to my posts are being deleted only because I post to often. + +https://preview.redd.it/lrc0wy50wnp61.png?width=1163&format=png&auto=webp&s=a8b1338189bd4343530542ad1cb3e81da06c0e26 + +https://preview.redd.it/4j3w1tn0wnp61.png?width=1102&format=png&auto=webp&s=89e42051a7354c84a3bec94c2fabfa299e911d39 + + + +Essentially I asked how can I change my posts in order to be following all of the rules here, since I respect this community. Essentially the MOD said that they will just change the language of the rules. + +When I asked this again, the MOD said that there isn't anything wrong with my content and posts, its just the fact that I post everyday. + +Since every post I give entries, targets, timeframes in order to construct option plays of your own, including my reasoning and narrative. I personally don't want to give the exact option I think you should buy because my goal is to encourage others to do their own DD. + +Maybe if I change the name of my posts, the mods will think that it is less journal entry like? Or if I don't post my PNL and account balance. Although that is what a lot of people always ask me to do, so I keep doing it. Also, feel like that give some validity to my plays (i put my money where my mouth is, you could say). + +Overall, I feel like they won't accept my posts no matter what. Maybe its better to follow me elsewhere? Any suggestions to where I can post my due diligence and trades? + +Thanks guys you are an awesome bunch! +[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 your 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/) +EDIT: 3:00 update. I'm told they're on loan again for 6.125%. + +&#x200B; + +&#x200B; + +https://preview.redd.it/2fqlt1o0zh8a1.png?width=1168&format=png&auto=webp&s=5f1e45a5caf491bce398c7e026cb30b0a229b9da + +&#x200B; + +I've posted this information before. + +I am prepared for the blowback because everyone will think I'm talking about myself. It's a data point that I felt is worth sharing. + +A CPA friend of mine loans his shares. He has a few thousand, but he considers it passive income. I have said my piece, he made his decision, we can still be friends. + +Since he's chosen to go that route and not the DRS route that I have I feel I'll have the last laugh, but along the way I frequently ask him what the borrow rate he sees is vs what is posted all over this board. + +Last week he said it was a little over 4%, which made sense, Fidelity makes a killing and he gets crumbs. + +But today, ALL OF HIS SHARES HAVE BEEN RECALLED FROM BEING ON LOAN. Meaning all he sees is a 0% loan rate. + +With the cost to borrow spiking why in the world would Fidelity not be loaning his shit out? + +Very very very interesting. + +&#x200B; + +Edit: I asked him for a picture to show what he sees. Not sure what he took out but at least it shows that another stock is currently on lend. So there goes any end of year theory to recall all loaned shares...maybe. + +https://preview.redd.it/qk5obci6tg8a1.png?width=1164&format=png&auto=webp&s=1347e6cb26376d25480ba2ff5f923cc2d00569bc +I currently own around half of a rapidly growing SaaS-like business (will be around $10Mn ARR in December). My goal is to eventually exit rather than do this as a long-term career. + +I don’t have an absurd standard of living (I take close to $100k/yr salary currently, though I do want that to be higher) and I am in my late 20s. + +What amount of exit cash-in-hand would it take to FatFire (especially since I am young and have to make my capital last a lot longer than someone closer to normal “retirement age”)? +An interesting tidbit shared on the /r/IndiaInvestments [discord server](https://indiainvestments.wiki/discord) by A007, that claims can no longer contested post 8 years of the policy. I did some sleuthing and here is the actual [IRDAI circular](https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4157&flag=1) + +The relevant bits + +> After completion of eight continuous years under the policy no look back to be applied. This period of eight years is called as moratorium period. The moratorium would be applicable for the sums insured of the first policy and subsequently completion of 8 continuous years would be applicable from date of enhancement of sums insured only on the enhanced limits. After the expiry of Moratorium Period no health insurance claim shall be contestable except for proven fraud and permanent exclusions specified in the policy contract. The policies would however be subject to all limits, sub limits, co-payments, deductibles as per the policy contract. + +Would make things interesting like how there is a similar clause for Term Insurance ([relevant post on the Wiki about the same](https://www.indiainvestments.wiki/faqs/insurance/extra-premium-term-cover)) +They’re offering 7.35% interest on FD. (Claims to have tied up with State Bank of Mauritius) + + +Am I missing something here? Why would I not deposit money in this FD? There has to be some catch - some fixed cost somewhere like how they have a withdrawal fee for stocks. + + +Something seems fishy but I genuinely don’t understand. Can someone please help? +Article: https://www.livemint.com/Money/rTkzp1j8bF5UES4wZz9VyJ/The-dangers-of-high-mutual-fund-inflows.html + +Not to instigate any fearmongering, but aren't the stats pretty clear? As an investor are you preferring other asset classes over MFs ? +I recently landed a job that has a decent 401k contribution rate and would like to start investing in that. But with everyone's 401k down the drain, is it a good time to invest? Is it like stocks? Buy low sell high? + +Edit: I'm already contributing to a ROTH IRA, as previous employers rate was less than 10%. Now my new job has a contribution of 75% up to 4% per check, making it feasible for me now. +Any recommendations for a budgeting app that tracks and categorizes your expenditures (preferably from multiple bank accounts)? + +I used to do it on excel by downloading CSVs on a (bi)monthly basis from my different accounts, categorise each expenditure and prepare my personal P&L / BS, but the whole process takes too much time (and is boring AF) and sometimes I’d just skip it.. +Hi everyone, new-ish to investing. I noticed one can buy Microsoft stock 2 of ways on T212 - MSFT (NASDAQ, USD) and MSF (Xetra, EUR). Now I understand that the former is the stock itself but what's the latter exactly? + +Would I be owning the stock if I invest in MSF or is it an instrument that tracks the NASDAQ counterpart? + +In particular I'm wondering if choosing one over the other has any tax implications (Bulgaria). Here's the law: + +Capital gains from transactions with securities of public companies on a regulated securities market in EU/EEA countries are exempt from tax. [Source](https://taxsummaries.pwc.com/bulgaria/individual/income-determination) + +Does it mean I would pay capital gain tax on MSFT and not on MSF? + +Thanks! + +edit: grammar, add source +I tried to do my research and searched a lot of subs and other websites (justETF, Yahoo, Bogleheads, iShares, etc.) but I can't find the answer to my question: + +When do Accumulating ETFs reinvest in themselves? Do they follow their Distributing pairs fund distribution (I found the iShares Dist ETF details [here](https://www.ishares.com/uk/individual/en/literature/prospectus/ishare-iii-plc-en-emea-prospectus.pdf) on page 106) ? If they don't where can I find the Acc ETFs' dates? + +Follow up question: what if the reinvested dividend doesn't cover the price of a full ETF? Is it going to buy me a fraction? +Hi everyone! + +I am working in Finland after graduating from a University of Applied Sciences there. + +Each month I could save about 1000-1200€. + +I am very new to investing and want to ask you guys about investing opportunities available in Finland. + +Saving interest here in Finland is close to 0% so my money so far just sits in my bank account and slowly devalues there. + +Any advice about where/ how to start? Any resources/ links to learn would be helpful as well! + +Btw which banks would be the best to start my portfolio in Finland? + +Thank you guys in advance :) +What I read here is that for long term forget about it investment people choose either VWCE or IWDA+EMIM 88/12% . + +Is it legit strategy to invest in just IWDA and no EMIM? I am very sceptical about Chinese market cause their government can just make up numbers and in general just do not want to support Chinas CCP regime with my money. + +Is there some big risk I am exposing myself to if i decide to go 100% IWDA? + +Thank you +Hi everyone! + +I am working in Finland after graduating from a University of Applied Sciences there. + +Each month I could save about 1000-1200€. + +I am very new to investing and want to ask you guys about investing opportunities available in Finland. + +Saving interest here in Finland is close to 0% so my money so far just sits in my bank account and slowly devalues there. + +Any advice about where/ how to start? Any resources/ links to learn would be helpful as well! + +Btw which banks would be the best to start my portfolio in Finland? + +Thank you guys in advance :) +So I'm thinking of beginning in investing, more than likely going for long term ETFs. I've seen in a few posts though that this isnt overly viable as the tax rate is so high here. Just wondering what some people with experience in this think. + +I have 1k at the moment to begin. +I recently started reading about investments and I would like to choose ETF to put some money into. I'd like to start really conservative and see where it goes over time. + +I haven't found a good article or a book that explains how to choose funds. I don't even know a website that lists some and explains what they are. All I see is a big table with a lot of numbers and abbreviations (the names of the funds), but I don't know how to research more on them. It's really confusing. I'd be really thankful if someone can give me a link to an article or something that explains at least how to read all the numbers. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +My future wife bought critical illness insurance shortly after a friend of hers died of cancer. It's been costing her 600 a month for the past year and I've recently gotten a job in another country. This may require her to not work (since she wont have a visa) and I don't really want to pay into this ridiculously expensive bill monthly when I support her. From what I hear, if she lives until 65 or something, she will receive 100 percent of the money back as long as she keeps paying. If she cancels now (which I'm thinking of doing), she will lose what she's paid into it. + +What should I do? 600 a month is going to be like 15 percent of my monthly take home income... We are currently relatively healthy and in our mid 30's. + +Thanks! +Hi all, + +The subject of premium bonds comes up frequently as a short-term savings option and I thought I'd offer some experience and "data" on my personal win rates after 1 year and people can decide if it is worth it for themselves. + +For those unfamiliar, premium bonds are an investment product issued by NS&I (National Savings and Investments) and fully backed by the UK government. In short, each £1 you put towards premium bonds (min £25, max £50k) is like a lottery ticket and is put towards a monthly draw. The more "tickets" you have, the more likely you'll win in the draw. Unlike a normal lottery, you are not buying a ticket so much as lending money to NS&I and can retrieve the full amount you put in even if you never win a draw i.e. there is basically zero risk to your money. + +The minimum prize is £25 and max is £1 million. Detailed prize breakdown and more information can be found [here](https://www.moneysavingexpert.com/savings/premium-bonds/) All winnings are tax free i.e. no income or CGT tax. + +I have the maximum £50k in premium bonds since mid-May 2020 (house fund savings), so my first eligible draw was on the 1st of July 2020, so I've been in 11 draws so far (including the most recent May 2021 draw). As I have used the max £50k balance, all my winnings are sent to my linked bank account rather than accumulating in the premium bonds account. Winnings generally take around 1 to 2 weeks to transfer into my account. I'll only list wins: + +- July 2020 - £25 + +- August 2020 - £50 + +- Sept 2020 - £25 + +- Oct 2020 - £25 + +- Nov 2020 - £50 + +- Dec 2020 - £75 + +- Jan 2021 - £25 + +- April 2021 - £25 + +- May 2021 - £75 + +Therefore my total winnings so far are £375 = 0.75% of £50k with 1 draw remaining to make a full year of draws. + +Realistically, I might win another £25 in the June draw which brings my return rate to 0.8% per year which is not fantastic but better than all easy access accounts for this amount of money. Luck obviously plays a massive role in whether any of my bonds win and with £50k worth of bonds, I've maxed out my probability of winning. + +It should be mentioned that withdrawing from your premium bonds account to your linked account is not instant. I've not done it myself but I've read it takes at least a couple of days for the request to be processed. Bear this in mind if you intend to use PBs as an emergency fund storage. + +Hope that is helpful to some of you. + +Edit (6th June): I won £25 in the June draw, so return rate is 0.8% for the year with £50k. I'm withdrawing all but £25 to keep the account open as we are finally in a position to buy our new home. I might top it up as an emergency fund, but it is pretty low on my preferences for storing emergency funds. +I’ve just opened an IRA through Fidelity, but I legit had no idea about this until a few months ago! + +I wish I had more financial literacy growing up and even in college?!! Ugh + +We do have a home + condo paid off (with purchasing times being beyond lucky & some inheritance & me budgeting like crazy with a decent income 105k in MCOL area) + 35k in my 401k, EF, 20k in iBonds and no other debt. + +I don’t actually know what to invest in with the Roth IRA, and guess work on if Roth even fits my scenario. I want to make in simple, like VOO. + +I’d love some insight… +Hello all, + +For the first time in my life I have some savings ($3,550), and I need help budgeting my money. I am in a very privileged position because I’m currently living with my parents while in graduate school, so I have to pay for very little of my living expenses. Because of this, I want to take advantage of my situation and save as much as possible before I finish my degree (end of 2021). + +I have a $20,000 school loan that starts accumulating interest at the end of 2021. I have a part-time job where I earn roughly $650 a month. + +I do not currently have a credit card or any investments (both kind of scare me). My goal for the end of 2020 is to have a substantial savings and loan funds. Then in 2021 I plan to get a credit card and start investing. + +I am not sure where to start, so i am turning to y’all in an anxiety-filled early morning post on any and all tips on where to begin. +EDIT +Hi Everyone, going to call it a night now. We planned on doing 3 hours and we've done almost double, the mods did warn me it was likely going to be busy, but its more than exceeded our expectations. We're really grateful to each an everyone who took the time to fire a question over. + + +I've lost count of how many posts we've replied to, but I hope we covered a good range of topics and provided some helpful insight where possible. If there's enough interest I'm happy to come back in a couple of weeks time for a second round... when my poor fingers have recovered! + + +The thread will remain open for those who want to continue to speak to each other and good luck to anyone looking to buy or remortgage! + +&#x200B; + +Hi, this is u/Mortgages101… + +I’ve been an advisor for 10 years and I currently run my own firm. We cover all aspects of mortgage work, but we specialise in dealing with complex cases. Many of our clients are Self Employed or Limited Company directors or are people who have complex credit histories and need a helping hand to buy or remortgage their home, even people with Default’s, CCJ’s and Bankruptcies. + +I’m happy to answer questions on anything mortgage related - what my day to day job is like, how we source mortgages, what types of deals are available, what I think may happen in the future, how different lenders interpret your credit file, how I got into the industry (spoiler – it was a complete accident) or anything else you may want to know about mortgages. I can also give some handy pointers on affordability, income, lenders criteria, mortgage terms, budgeting and loads more. + +Sadly, I can’t answer anything related to unsecured borrowing, savings, investments or pensions, but if it’s related to your mortgage, for example, can you consolidate unsecured debt? Then fire away! + +Per the subreddit rules, please keep all questions in this thread and do not send questions by direct message, feel free to ask me anything related to the mortgage world, and I’ll do my best to answer you as honestly as I can, but please remember that as I don’t know your specific circumstances, ***nothing I say here should be constituted as advice***, think of this is strictly a Q and A session. + +Edit - I have been verified by the mods, they have checked my credentials and I'm sure one of them would happily confirm. +Guys, have you ever been in a period that you feel that trading forex is impossible? That no matter how much you learn about everything related, sucess in trading seems to be extremely hard? Can you relate about your experiences with this topic? +When I demo traded last few days and waas constantly in green i knew its going to vome back hard. Today as a beginner I tried my 1 minute scalping strat on live money and after loss after loss i melted down and just spammed trades. Think i have around 15 lost trades today and 2 went well. + +I think i am going back finishing school of pipsology and get a real strat. +I dont know I also feel very stressed but now I know what the difference is. + +Btw the spreads are what kills a short scalp strat. If i win 4 trades in a row i make 20 cent a trade but when i loose i loose 3 euros. +Aslo i need a few pips just to break even and odds are your stopped out already. + +Anyway, I just wanted to write down wtf happened today. Hope u guys have a good day. +A lot of people don’t believe that trading can be treated as a business, and they just think its gambling. + +Even if you show them your profits, they still don’t believe in it. + +Do you tell your coworkers, family, or friends that you’re trading? If so, how do you respond to the negative feedback? +Hey all, just sharing a strategy I've spent the past little while backtesting and wondering if anyone could suggest any improvements. (very very simple) + +EURGBP 5M + +Place a MACD, ignore everything except the signal line, put a horizontal line on the MACD at 0.00015 and -0.00015, when the signal line crosses BELOW the -0.00015 you place a buy (TP/SL both 10 pips) and vice versa, if signal crosses above 0.00015 you place a sell. + +And thats it really. I tested this across 50 trades and 35 were winners for that 70% win rate. What I noticed and why I'm posting this here is that the losses kind of came in clumps, I think it might have been trying to fight the trend that caused most of the losses. Would a good baseline or volume indicator fix this do you think? In any case thank you for your time, still a bit of a rookie but I'm getting there hopefully. +I personally down a couple glasses of water to get my organs up and running right, wash my face to wake my body up, make some green tea with a couple teaspoons of honey, and finally I’ll start up some classical music or anything that helps keep me focused and calm. +This community seems strong, and I’m glad to be a part of it. I have my own practices regarding multi time frame analysis (one of which I’m sure we all share, which is, that it is essential). I’m curious to learn what practices the members of this community use. I personally focus on about 4 time frames away from the directional chart. Ex: D1 establishes dominant energy/current direction, M15 is used for entries. I’ve also had success with just dividing a time frame by 4. Ex: H1 for direction, M15 for entry. Which methods do you all use? +https://www.cnbc.com/2020/01/31/apple-amazon-microsoft-and-alphabet-and-the-road-to-1-trillion.html + +There's a familiar theme to each of the four $1 trillion technology giants. + +Apple, Amazon, Microsoft and Google-parent Alphabet have all looked to services and cloud businesses for growth in the past couple of years. + +These four tech companies are dwarfing the rest of the stock market, too, making up 17% of the S&P 500's total market value. +I’m trying to decide if there are any benefits to having an LLC both hold rental property also invest in the stock market. I’m thinking that the income from the stock market (eg dividends) could help provide a secondary source of income for the business and help the LLC qualify for a mortgage on its own in the future without a personal guarantee. + +What are your thoughts? +I have a sibling that works at (a major US financial institution) as a manager and I had jokingly made a comment about diamond handing, to which he asked if I was talking about cryptocurrency. I told him no, it's a GameStop joke. He quickly went off the deep end into a 20 minute rant that I shouldn't waste my money because it's a dying company hyped up by social media in an effort to fuck over hedge funds. He kept spewing nonsense about how people are underestimating the amount of money and tricks they have up their sleeves and there's no chance of winning. I asked him if he remembers 08 and how things led up to that economic fallout, and he's like "nah this is nothing like that these banks are covered this time." I asked him why he's so certain this is a waste of time and he told me "look man, they have ways of keeping a stock price down that you'd never understand to keep people like that in check." I responded to him with "oh, you mean like naked short selling on FADF through a dark pool and routing buys through {insert exchange here, redacted because what I said was wrong} to keep the price from going up? Or do you mean how they can squeeze penny stocks to pad their books to avoid a margin call?" He didn't respond to any of this. He just answered with "man it's a dying company." I just laughed and said "no worries bro I've only got like five bucks in it to see where it goes." Then we moved on to another subject. + + +I hate that I learned my brother is a shill. But he doesn't need to know I'm an XXX 💎👐🦍and when this 🚀goes to the 🌕 I will not be coming back to save his sorry ass. + +Edit: institution name removed + +edit 2: please excuse my incorrect explanation of hf tricks, I bluffed him and won. Smooth bain here. + +Edit 3: let me be clear about something, I am well aware that I spewed a bunch of invalid nonsense at him. I lack the wrinkles to explain without actively looking at resources. I do, however, know my brother very well. This interaction proved to me that he is a mouthpiece for the institution where he works and it gave me a very good idea of how they talk and the psychological state of their business. That alone is confirmation bias for me. +TL:DR – I think the Housing market is in a bubble, which could trigger calamity when home values are no longer worth the inflated loans taken out to purchase them, which will begin to poison the Mortgage-Backed Securities they are packaged in causing further balance sheet woes for those trying to keep Marge from calling. + +Howdy r/Superstonk, Jellyfish here! I would like to take a dive into some of the housing data that has been released. + +[Existing-Home Sales Experience Slight Skid of 0.9% in May](https://www.nar.realtor/newsroom/existing-home-sales-experience-slight-skid-of-0-9-in-may) + +[The highlights](https://preview.redd.it/17evod4ly1771.png?width=781&format=png&auto=webp&s=4e74764e98a5f38a6b1a719f68ca1e996213915a) + +Ok, so the rate of sales continues to trend downward, but median home prices are **up 23.6% year-over-year to an all-time high of $350,300 with May rising at the greatest year-over-year pace since at least 1999, up from $283,500 last year and $340,600 in April.** + +The next thing I want to draw your attention to is the nifty infographic they released for the month as well: + +[\\"If there were a larger pool of inventory to select from – ideally a five- or a six-month supply – then more buyers would be able to purchase properties at an affordable price.\\" Source: https:\/\/www.nar.realtor\/newsroom\/pending-home-sales-slip-10-6-in-february](https://preview.redd.it/s43lzzspy1771.png?width=1000&format=png&auto=webp&s=e9c8b2a7d8d6ca94ce8e939f3a2a252d1465acfb) + +Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace. At these prices, inventory is slowing down: + +Previous months’ supply: + +[May 2.5 months’ supply](https://www.nar.realtor/newsroom/existing-home-sales-experience-slight-skid-of-0-9-in-may) + +[April 2.4-months’ supply](https://www.nar.realtor/newsroom/existing-home-sales-decline-2-7-in-april) + +[March 2.1 months’ supply](https://www.nar.realtor/newsroom/housing-market-reaches-record-high-home-price-and-gains-in-march) + +[February 1.6 months’ supply](https://www.prnewswire.com/news-releases/remax-national-housing-report-for-february-2021-301249009.html) (Five report records for February were rewritten: most home sales, highest price, lowest inventory, fewest Days on Market and fewest Months Supply of Inventory.)—I think this was the top. + +[January 1.9 months’ supply](https://www.globenewswire.com/news-release/2021/02/19/2178972/0/en/Existing-Home-Sales-Tick-Up-0-6-in-January.html) + +[2020 Months’ Supply](https://www.nar.realtor/blogs/economists-outlook/inventory-and-months-supply): + +[2020 Months' Supply](https://preview.redd.it/fgberyyuy1771.png?width=910&format=png&auto=webp&s=55171fb5c70e0f58cf64c8d996d14f6d50afa812) + +So, months’ supply is increasing (supply taking longer to move), sales are beginning to decrease (.9%) (demand), and median existing-home price across all housing types hit a record high of $350,300 in May, an increase of 23.6% from the year before (price). + +Stated another way: + +The current supply is steadying with current inventory not moving at the current prices and is increasing as more homes come online ([census bureau has it at \~ 4-8 months in 2020 to build from start to finish](https://www.census.gov/construction/nrc/pdf/pct_start_to_comp_2020.pdf), projects started during the pandemic will be coming online), Demand is decreasing, Median Prices has increased to an all-time high. + +Revisiting The laws of [Supply and Demand](https://www.investopedia.com/terms/l/law-of-supply-demand.asp): + +* The law of demand says that at higher prices, buyers will demand less of an economic good. +* The law of supply says that at higher prices, sellers will supply more of an economic good. + +[Econ 101, right? ](https://preview.redd.it/ihn3ycl0z1771.jpg?width=200&format=pjpg&auto=webp&s=b670d73c9b08df2b7a389cefc6e4576369128eee) + +# Umm, great, glad to see in a vacuum that the housing market is obeying the laws of supply and demand? How can that be? Surely Jellyfish you have an error in the demand? Or the numbers? Something? + +Let’s dig deeper! + +[The drop in existing-home sales represents the fourth month in a row of declines, Yun said Tuesday. “It looks like that big wave surge that we saw after lifting of the lockdown in the second half of last year is clearly receding,” Yun said. “The sales are essentially returning towards pre-pandemic activity.”](https://www.barrons.com/articles/existing-home-sales-51624318331) + +[By price point, May’s data shows a similar trend to previous months, with home sales rising most dramatically on an annual basis among the highest price points, and dropping among the lowest. “How the numbers are trending is clearly implying that the sales are tilted on the upper end compared to the lower end,” Yun said.](https://www.barrons.com/articles/existing-home-sales-51624318331) + +Ok, so this isn’t just a one-month blip in sales, and as we saw above with the months’ supply of homes, supply is continuing to hold and come online. + +But what about demand, specifically new buyers? [The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2021 shows mortgage applications for new home purchases decreased 5.9 percent compared from a year ago. Compared to April 2021, applications decreased by 9 percent.](https://www.mba.org/2021-press-releases/june/may-new-home-purchase-mortgage-applications-decreased-59-percent) + +[Applications are certainly coming down from the highs of Covid.](https://preview.redd.it/5r3r2s47z1771.png?width=967&format=png&auto=webp&s=e2fa9fd8af54baea06b0852394b79c3e23ae59f0) + +[However, even while demand for new mortgages drops, loan sizes are still increasing](https://www.mba.org/2021-press-releases/june/may-new-home-purchase-mortgage-applications-decreased-59-percent): + +&#x200B; + +[https:\/\/www.mba.org\/2021-press-releases\/june\/may-new-home-purchase-mortgage-applications-decreased-59-percent](https://preview.redd.it/74t5htkbz1771.png?width=802&format=png&auto=webp&s=e2d31996865844bee2d111d90fc9dfdaaff6ca0e) + +With the conditions of the housing market above, I believe we are entering ‘textbook’ bubble territory. + +[Source: https:\/\/www.investopedia.com\/terms\/h\/housing\_bubble.asp](https://preview.redd.it/mummtpqez1771.png?width=794&format=png&auto=webp&s=6b303163091e89afa394bb07931460d14fe0541e) + +Ok, as we covered above, demand had been through the roof and ate its way through the months’ supply from Mid-2020 to February 2021, but the supply is back on the rise and current stock is taking longer to move. At the same time, demand for new mortgages is decreasing as the supply continues to hold and increase—but prices continue to go up! + +[Uh-oh...](https://preview.redd.it/0rzzwcimz1771.png?width=884&format=png&auto=webp&s=7b59781c06dd994a2b5cdb58281a4ae8d6edde75) + +But what about delinquency rates? This can be a source to the supply... + +[https:\/\/www.mba.org\/2021-press-releases\/may\/mortgage-delinquencies-decrease-in-the-first-quarter-of-2021](https://preview.redd.it/37kkgkwoz1771.png?width=1111&format=png&auto=webp&s=67adb417af204a2721cceead4eee719b4549ab3b) + +>On a year-over-year basis, total mortgage delinquencies increased for all loans outstanding. The delinquency rate increased by 141 basis points for conventional loans, increased 498 basis points for FHA loans, and increased 297 basis points for VA loans. +> +>The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure. The percentage of loans on which foreclosure actions were started in the first quarter rose by 1 basis point to 0.04 percent. The percentage of loans in the foreclosure process at the end of the first quarter was 0.54 percent, down 2 basis points from the fourth quarter of 2020 and 19 basis points from one year ago. This is the lowest foreclosure inventory rate since the first quarter of 1982. +> +>The seriously delinquent rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 4.70 percent. It decreased by 33 basis points from last quarter and increased by 303 basis points from last year. From the previous quarter, the seriously delinquent rate decreased 34 basis points for conventional loans, decreased 19 basis points for FHA loans, and decreased 37 basis points for VA loans. Compared to a year ago, the seriously delinquent rate increased by 205 basis points for conventional loans, increased 771 basis points for FHA loans, and increased 379 basis points for VA loans. + +**Then there are those still in or coming out of forbearance with the likely expiration and non-renewal of these Covid rules at the end of the month:** + +[The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 4.18% of servicers' portfolio volume in the prior week to 4.16% as of May 30, 2021. According to MBA's estimate, 2.1 million homeowners are in forbearance plans.](https://www.mba.org/2021-press-releases/june/share-of-mortgage-loans-in-forbearance-slightly-decreases-to-416-percent) + +[Forbearance details](https://preview.redd.it/ac3v82nvz1771.png?width=1169&format=png&auto=webp&s=474f2c02fadb5f56e10f067a8cb5e8aa89aa604b) + +While it is great to see people come out of forbearance, if I am reading the numbers correctly, more than half of folks coming out are still going to have amounts that still need to be paid back on top of the normal monthly payment. Budgets are already stretched tight, [wage growth is decreasing](https://www.atlantafed.org/chcs/wage-growth-tracker), and inflation is making everything else [more expensive](https://www.reddit.com/r/Superstonk/comments/o59uyb/no_inflation_my_waffle_house_has_had_to_print_new/h2lnk5e/?context=3). + +If these mortgages begin to fail, you can bet that it will have an impact on the Mortgage-Backed Security (MBS) it was packaged into. Enough of that begins to happen, and the balance sheets that were already trying to fight inflation are now caught in a two-front war with inflation and decreasing MBS values. Throw in the fact the Fed is kicking around the idea of tapering MBS purchases (who this dog shit would get offloaded to) and the problem begins to compound! + +Tick-Tock... +I’ve been slacking on keeping up with the overall crypto news, I know Eth is making amazing headway for the upcoming merge but that’s still to come. + +Essentially any big crypto news? Or whale jumping? +For those of you that make mortgage overpayments (ignoring the argument that investing is potentially a better purely financial decision). How often do you make overpayments? + +I was considering starting a psychological experiment where I drip feed £3-5 per day (price of a coffee) into my mortgage. This would see me paying 13 or 14 months worth of mortgage over the course of a year. + +Being careful to stay within the 10% maximum overpayment per year I thought I’d gather other peoples opinion or experience with such a strategy. +Go take a look at one of the top/hot posts in News. That comment section looks straight out of the meltdown sub we all know. It makes me feel like Neo and he started seeing the code in the Matrix. How can so many people be so clueless. The fact that they still think NFTs are just jpgs is crazy. All it takes is a simple google search and 30 minutes later you'll have a window into the future. Buckle up! GameStopNFT marketplace is just the beginning. +**Quadruple witching day is just ahead, what will happen in the stock market? Does Apple have room to grow again? DASH & ABNB are fading after crazy IPOs. Let’s talk about this and the latest stock market news** + +**\~Very Long Post\~** + +Hello everyone and Good morning! So, let’s start with the recap of Monday, as we saw a great start in the early morning with the Dow hitting an intra-day record, but the rally faded for the broader stock market and especially the industrial heavy [DOW JONES](https://ibb.co/yVcZV95) which lost .61%, with the broad market [SP500](https://ibb.co/xGBkgyF) also losing .44% while the tech heavy [NASDAQ](https://ibb.co/dWNjyCY) lived up to the recent reputation as a go-to defensive play yesterday and finished up .50%. Meanwhile the [VIX](https://ibb.co/mH5Pmsw) also spiked more than 6% and is nearing the 25 levels, which could mean significantly more volatility for the stock market. + +We also saw more companies declining [yesterday](https://ibb.co/jwVnsXt) on normal volume of about 10.5B shares, as we finally went below 80% of the companies trading above the 50-day simple moving average, as small-cap growth companies outperformed [yesterday](https://ibb.co/NNWkSQt) with large-cap value companies lagging, especially from the energy and industrial sectors. With energy losing more 3.5% for the day, while the only 2 gaining [sectors](https://ibb.co/0ymGMHL) were Technology and Consumer Discretionary, which seems to indicate what I was expecting, that investors are dropping losers from this year for tax purposes and betting again on the companies that sparked the rally since the bottom in March. And keep in mind that funds & money managers use this tactic for window dressing also, so that they can have a nice advertising brochure for next year. + +Here is the [HEAT MAP](https://ibb.co/kMTNKY7) from yesterday, you can see here the big wall of red in the energy sector, with Disney which saw a healthy correction after a huge run and Pfizer being some of the biggest losers. While Netflix, Amazon, Nvidia, Tesla and PayPal were some of the biggest gainers alongside the biotech sector. + +[HERE](https://ibb.co/tPnzGmN) is the economic data that will be received today, there isn’t anything big on the calendar, as we get ready for a lot of big numbers coming on Wednesday and Thursday. Just a reminder, there was no big economic data that came in yesterday. + +So, Quadruple witching day is just a couple of days away, and this time it will probably bring even more heavy trading volume than usual. + +For anyone that doesn’t know, quadruple witching [refers](https://ibb.co/p063Sgw) to the day when stock options, stock index futures & options and single stock futures expire on the same day. + +This happens 4 times every single year, and usually brings increased [volume](https://ibb.co/Gxr4pnc) to the stock markets, and guess what guys, this will coincide with the last day of trading before Tesla enters the SP index. + +So I believe this next week and especially the 17th-22nd will be very volatile for Tesla. + +At the [moment](https://ibb.co/SRTyzcN) there is more open interest in tesla stock options, with over 8 million contracts, which multiplied by 100 shares for each contract represent 800M shares, that is more than the actual free float for the stock at the moment at 760M shares. + +And, right now, there are a lot more put options contract on Tesla, with a put to call ratio of 1.5 + +My personal opinion is that we can see the stock continue to rise in the following days before going for a dip or correction following this huge moment of volatility for the stock. We can see the avg [volume](https://ibb.co/qYNg2dL) for Tesla has been near 60M shares in the last 10days, so there have been a lot of shares that have already exchanged hands. I believe most of the money managers, who are not obliged to perfectly track the SP indexes, have already finished up buying the stock, so I expect there will be a lot more sellers than buyers when most retail investors expect the stock to go even higher. But don’t take my advice, do your own research and analysis. Full disclosure, I am a bull long-term on Tesla, but just think there is a downside risk approaching. + +So let go through a couple of stock market news, [Apple](https://ibb.co/NVQsB0b) is planning on manufacturing almost 100M new iPhone in the first half of 2021, that would be an increase of almost 30%, as they are planning make more than 230M iPhones in 2021 (including new & old models). This is great news for the stock as Apple has been pretty much flat after the September pullback, and might finally get some momentum back when they announce sales for the iPhone in the next quarters. + +This might also be helped by the fact that US [consumers](https://ibb.co/f2Tfhpj) are expecting to spend more next year, even if they expect to have a pretty much flat income and earnings growth. This is an improving view of the consumers as they were expecting to spend less in the last survey from October. + +Meanwhile, as I expected [AirBnB](https://ibb.co/xSdVJrG) and [Doordash](https://ibb.co/wLfyvFG) have started to fade after that crazy IPO frenzy. [Doordash](https://ibb.co/tmyyWnW) fell more than 8% yesterday and is down again pre-market while [AirBnB](https://ibb.co/GnRxn3b) is also down almost 10% since last week. And with downgrades from analysts already starting to appear, this companies have small to no room for error at this valuation. Especially with Doordash which has received a significant boost in the last year, growth will be more difficult in the future and won’t justify this price point. + +We have also seen [Snowflake](https://ibb.co/J5j6DsP) come back to earth, dropping more than 15% in the last 5 trading days, as the first share lockup period expiration is today. This will allow current and former employees to sell 25% of their stock options, currently representing 1,3M shares. With Non-employee shareholders also able to sell up to 25% of shares, those shares stand at 38M right now, with the rest of the shares being unlocked after they release their second quarterly earnings report in March, + +We also got [numbers](https://ibb.co/8srNcwj) from New Jersey, as gambling keeps expanding even if sports are not back to normal. This is great news for companies like DraftKings. While others like Wynn will [benefit](https://ibb.co/zHL4Gvw) a lot from more tourism both in the US and in Macau. + +And just keep an eye on [Shopify](https://ibb.co/nMHptKW), as the company seems to be in the eye of the tiger, with Amazon looking into ways of entering that market also. + +So, guys, I still think there are a lot of positive catalysts for the markets, especially with a stimulus apparently very close, the European Central Bank [agreed](https://ibb.co/xqWDmZs) last week on a new stimulus for the Eurozone, as they keep printing money. And with interest rates probably remaining incredibly low after this week FED meeting, money will remain very cheap at the moment. So yeah, with the Pfizer vaccine yesterday, Moderna probably next week, and JNJ to follow in early 2021, I think we are poised for a good 2021 in the stock market. Especially with little political volatility after the Georgia run-off in early January as the US electoral College also formally [confirmed](https://ibb.co/pvjc9nf) Biden as the next President of the US yesterday. + +Let’s hope for a great day in the market as the [FUTURES](https://ibb.co/vjT9ghr) seem to be pointing at a good open, hopefully some green action continues after that. + +Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! + +Have a great day and see you next time! +Just saw this on the news that there is going to be class action against A2M regarding the executives sell off right before the the downgrades. + +Does it have merit? +I think it's a no brainier. The SEC is using a horrible excuse to go after Crypto. They are constantly waging a propaganda campaign against Crypto. To state their own concerns, they call Crypto a "flavor of the year for fraudsters". Yet despite them trying to look like saints, they continue to lobby for banks. + +They call Crypto a ponzi scheme while completely ignoring the shit banks do. The entire purpose of banks is to take your money and scam you by giving you a horrible interest rate while using the same money to loan to others and saddle them with debt using high interest rates. If this doesn't sound like a scam or a ponzi scheme, then I don't know what is. + +Moreover, their entire motive for going after Crypto is to save banks. Imagine if everyone knew about Crypto. Who the fuck on earth would deposit their money into banks for a 0.01% interest rate while they could put that money into any Crypto exchange for an interest rate hundeds or even thousands of times more? Their entire pursuit is to stop Crypto from giving banks a run for their money. + +These people have a mindset from the 19th century and are funded by banks. They keep trying to convince people that banks are superior and that [Crypto won't last long](https://www.wsj.com/articles/secs-gensler-doesnt-see-cryptocurrencies-lasting-long-11632246355). They can't cope with the fact that Crypto is already becoming legal tender of some countries in just 10 years of existence, while banks are failing due to their shady policies. + +But alas, Crypto is used for scams right? I mean, even if you look at some of the most high level Crypto scams, it is nothing considered to the scams you can fall for using banks and fiat. Banks themselves are scamming people at an institutional level. Yet these people ignore banks because their paycheck relies on them. + +TLDR: Fuck the SEC. Their only way to cope is to spread a bad PR campaign against Crypto while shielding banks from anything that comes towards them. Fortunately, these 80 year old corrupt politicians and billionaires can only live for so long. +Howdy, + +I'm new to the whole dividend scene and I've been considering investing into high dividend companies. Am I calculating this properly? + +EX: Microsoft, price $216.52, div yield=%1.03 + +Lets say I have 10 stocks in Microsoft... + +$216.52 x 10 = $2165.20 + +(2165.20 \* .0103) = $22.30 (yearly dividend yields) + +&#x200B; + +If this is a monthly dividend yield we could do this correct? $22.30 / 12 = $1.85 + +&#x200B; + +Or quarterly... $22.30 / 4 = $5.57 +Hi All, + +This is my first Reddit post, so excuse me if it's out of whack. I read "Get Rich with Dividends" by Marc Lichtenfeld over the weekend and was blown away by the long term potential of dividend investing and its ability to out-pace the market. I'm going in. + +Based on the information he provided in the book, I've selected my first three picks. I'll be investing about $3,750 to start and will continue to add more picks, as well as funds every two weeks indefinitely. + +**The criteria he outlines is as follows:** + +* Dividend Yield should be between 4% and 4.7% to out-pace inflation +* Dividend Growth Rate should ideally be around 10% annually (difficult to find) +* Payout Ratio should be between 50% to 75% + +Based on the author's criteria, as well as trying to build a diversified beginning, I have selected the following stocks: + +**Canadian Natural Resource ($CNQ)** + +* 4.56% Dividend Yield +* 10 Year DGR (Dividend Growth Rate) of 15.62% +* Payout Ratio of 56% +* 81% Buy Rating + +**Bank of Nova Scotia ($BNS)** + +* 4.62% Dividend Yield +* 10 Year DGR of 7.39% +* Payout Ratio of 73% +* 83% Buy Rating + +**Enbridge ($ENB)** + +* 6.93% Dividend Yield +* 10 Year DGR of 10.86% +* Payout Ratio of 110% +* 74% Buy Rating + +The way I've structured the portfolio in terms of investment would give me a weighted average of 5.34% Dividend Yield with 13.56% Annual Dividend Growth. The annual Dividend Income to begin would be $110.55 with monthly Dividend Income of $17.28. I plan to reinvest all Dividend Income indefinitely. + +The only call out is the $ENB Payout Ratio of 110%. They *may* reduce the increase slightly, but down from \~11% I am not complaining. I hope this start to a portfolio is an excellent foundation for the next 10 years. I hope this is helpful to some of you! + +Sincerely, a Canadian (living in the US) +We closed on property two months ago. Vacant for a few weeks. We used little water during small repairs and did not run the sprinkler system. First water bill while vacant, excluding connection fee was $106 using 11 CCF approximately 8,300 gallons. Looking back this seems high for a vacant property. Then tenant moved in and got their first water bill just for water was 85 CCF (nearly 65,000 gallons) at $371. Water pressure is strong and no leaks are visible. The sprinkler system was running twice a week for an hour or two for two weeks then off. Tennant called the water company. The water company said high water there is high usage from 3 AM to 6 AM and again from 10 AM to noon. We suspect the early morning water usage was sprinkler system during the first two weeks but this still seems very high. We are going to try to work with a water company to see if they can come out and help us identify if there is a leak which we suspect there is somewhere. When I was there making small repairs, painting and cleaning I did not notice anything wrong. So I cannot figure out where the leak could be coming from. +I am concerned that the previous owner may have known about high water bill and potential leak, but did not disclose. If there is a leak and it cost significant amount to fix. Do I have any recourse? I am going to try to work with the water company to obtain previous owners water bills for the last few months to see if the water bills were high. I am not sure if they’ll share with me but this could indicate if the previous owners knew there was a problem. Does anybody have experience with this situation? Please share your thoughts on how I can best resolve. +This is our first property. +Is there a primer or post somewhere on why you would invest in real estate as opposed to just putting your money into an index fund and watching it grow for 30-40 years with minimal cost? + +Interested in getting into real estate as another form of investment, but I can’t justify it based on what I’ve learned about the rate of return on long term investments in the stock market. +Bad timing for up votes, good timing to get the feel of the most enthusiastic. + +How much are you working with? +I have less than 100ETH and am still following this run like my retirement depends on it. + +Just wondering, if it's not too bold to ask, what the stake of the average member here is? +https://www.cnbc.com/2021/10/26/robinhood-third-quarter-earnings-2021.html + +For the third quarter, total net revenue came in at $365 million, missing estimates of $431.5 million, according to Refinitiv. Revenues increased 35% year-over-year but were well below the second quarter’s revenue of $565 million. + +Robinhood said it expects fourth quarter revenue no greater than $325 million. The company sees account growth in line with the 660,000 opened in the third quarter of 2021. + +“For the three months ending December 31, 2021, we anticipate that many of the factors that impacted our third quarter results, such as seasonal headwinds and lower retail trading activity, may persist,” the company said in a press release. + +Robinhood reported a net loss of $1.32 billion, or $2.06 per share. Wall Street was expecting a loss of $1.37 per share, according to Refinitiv. It was not immediately clear whether those figures were comparable. + +Net cumulative accounts dropped to 22.4 million from 22.5 million in the second quarter. Month active users totaled 18.9 million, compared to 21.3 million in the second quarter. +This was an interesting piece of advice coming from Big bull yesterday. All these years RJ was bullish on Equity[He still is] but this time around he seems to have grown a soft corner for Gold or maybe he was secretly buying gold as a hedge for his massive net worth. + +He directly says without mincing words that the next 5 years Gold will get the best returns. He says "Very bullish, Extremely bullish for Gold" +He also said that ancient Indians were proven to be right[His words were not clear, Can somebody decrypt the audio what he says on this lines, end of the gold section] + +Recently, If you look at the twitter communications of one of the biggest AMC CEO(Nilesh shah) and big private bank Founder(Kotak), They send a series of Anti gold tweets which was highly opposed by their followers. + +https://twitter.com/NileshShah68/status/1168765486139494400 +https://twitter.com/udaykotak/status/1168461201963192320 +https://twitter.com/NileshShah68/status/1172868360666845184 + +Another one is DK from value research, He had written countless articles on Why, not gold, The recent one [Gold is not a good investment. Here are the reasons why](https://economictimes.indiatimes.com/wealth/invest/gold-is-not-a-good-investment-here-are-reasons-why/articleshow/71347348.cms) + +1. Why does gold has always so bad reputation among equity sellers? +2. Do you have gold as part of your Asset allocation? +3. If yes what percentage of gold is appropriate? +4. Do you buy physical gold or ETFs/SGBs for the gold in AA? + +Here is RJ's Video. + +https://www.youtube.com/watch?v=xi8FgrZriUo&feature=youtu.be&t=720 +So I have been reading about FIRE from few months and have seen quite a few posts on Indian as well as other subs too. The thing is that most of the people have some kind of leverage such as inheritance,land,multiple properties etc,how can a guy from a middle class family earning 50k-70k(assuming a mid 20's guy who has a decent job) while supporting his family,living in a diff state in tier 1/2 city can achieve such goal?There are tons of problems plus expenditures for such a guy assuming what they have is just a home and have a family of 2/3 to support. One thing more most of the middle class families have never invested . Plus consider this that none of them are government employee so no way of getting pension . Any suggestions/answers would be highly appreciated . +We've been fortunate enough to bootstrap a niche vertical field services management/PropTech SaaS to $10M+ ARR, 55% EBITDA margin, and 50%+ year-over-year growth. We're now seeking a liquidity event, likely a slight majority deal with a PE firm to take some chips off the table and diversify. We're in the process of interviewing investment bankers to serve as advisors in the process. We have narrowed it down to a couple that seem great. + +One is a big, international and established name with lots of transactions in our space. They usually do larger deals ($500M+), but seem to be branching out into the lower middle market where we sit (\~$100M-$150M EV). The 2 we are talking to are fun guys, a bit heavy on the schmoozing but they come across as seasoned pros. + +The other is a smaller NY-based "boutique" firm that promises a faster process (3-4 months vs 6-9) and more of a hands-on approach. They specialize in lower-middle-market transactions, but they have only worked with a couple businesses like ours. Younger guys and straight shooters. They have been extremely educational so far, really helping us break down new concepts and teaching us how to think about things in the world of financial engineering and M&A. + +For those of you that have done this, what factors do you think are most important when choosing an advisor? Of course we hope to maximize the company valuation. Is reputation / relevant comps or speed-to-close more important? Is it all about the personal relationship and who we wanna spend more time with? + +For those of you in PE, how much does the investment banker matter versus the asset itself? Is it strictly around the numbers or do the relationships matter? +The r/place stuff is fun and all, and I'm always glad to see DRS posts, but what I *really* want to see right now is more discussion, theories, timelines, etc, on the coming stock dividend as per this past Thursday's 8K filing by GameStop. My life is shit (and has been for some time) and I need more of that Hopium. RC's most recent tweet makes me think major stuff is going down SOON. We all need to talk more about it, IMO. +Edit: not actually tmrw haha, next rippy + +1. We're forming a double bottom which means we're going towards the end of this algo cycle (new one could begin after ofc) + + +2. DRS numbers are insane. Still not 100% but all time low volume going into this rip is bullish AF + +3A. GameStop execs and board members are smart, they are near ready to release a full marketplace. They MIGHT be waiting for the upcoming rippy and releasing the marketplace at the end of the double bottom. + +Algo trading will force us to rip and MSM will be forced to write articles "GME is up XX% on the release of the marketplace" + +3B. NFT divvy is on the table + +4. If 3 is true, FOMO will synergize with the cycle to push us even higher + +5. If 3+4 are true, the price might get too high for the shorts. + +5A. You guys remember the trust me bro few weeks ago where someone posted that Susquehanna had an insane margin call in the billions? If we reach the price above that margin price, they'll be in deep trouble. + +5B. Bullish DD done by u/whatcanimaketoday showed that Luk Securities is most likely in default with OCC and recently the DTCC filed a cease to act against Luk Securities. Luk is most likely in trouble due to bad GME bets (again see u/whatcanimaketoday DD). And SEC allowed OCC to access pensions for extra liquidity. Walls are closing in + +6. Splivident, given it was handled correctly (big IF), should start causing damage soon + +7. Given hedge funds and banks will drain pensions to save themselves, Mayo Boy probably expects to live through MOASS. he'll use these connections to pass the bag and somehow survive with a bailout. And after go into politics post market crash so he can reshape laws for his benefit and blame retail for having too much power + +*Written under assumption of buy, hold, DRS only +Hello all! I'm from a Midwestern city where I only have nonstop flights to major hubs. I have a 2nd home in another country which is great, however flight times make it impossible to do a quick getaway. I am thinking of training for a triathlon, and my weather here is also not very conducive to this in the winter. My family also enjoys fishing, boating. I am looking for a 2 bedroom condo with some amenities(like a decent pool) that's reasonable distance to the ocean and has decent weather in the US wintertime. I don't have a specific budget in mind, as it depends on the property and location. I'm open to a house as well, but wanting to minimize time spend dealing with it. + +Florida is a possibility of course, but now with Ian that adds another level of complexity. I have never been, but see Galveston or the bay as a decent location relative to the Houston Airport. Any other ideas? + +I hope this is acceptable here, as it's one of the few subs I could think of that people would have advice in this area. +My partner and I (early 30s) are kind of at a crossroads where we're planning on how to save for the next 4-5 years. We live in a HCOL where median cost of home is $900k, and our target might be homes around $1.2-1.5m. + +We could reach $250-300k for that down payment over the next 4-5 years, but part of me wonders whether we should just plan to rent forever, invest in index funds, and if there's a good opportunity 5+ years down the line, we can buy a home then. + +At the same time, we do have a goal of retiring early, and we're not sure what path to take that will get us there. Or perhaps we could rent until early retirement, and settle down in a cheaper area. + +*Edit*: adding more context after some replies. Our 1br rent is definitely more affordable than what we'd plan to buy (2/3br townhome or condo). We've been doing a lot of reflecting about what we want ourselves, and we're seeking if anyone else had personal experiences with similar situations with rent vs. buy, where they may have settled on renting (when buying was also an option), or vice versa, and found that it was worth it for them (whether in a financial or emotional sense.) +Hello everyone! + +So long story short, I quit my job to be a stay at home mom. While working I was putting 10% of my paychecks into my 401K. Now that I'm not working obviously there's no money going into the account. I must have put at least $1000 into the account during the time I was working. I've been thinking about taking the money and depositing it into my husband's 401K since he makes all the money now. I've also been thinking about taking the money and investing it but I just don't know where to begin! + +Any help on what to do with the money is greatly appreciated! Thank you! + + +Edit: Thank you everyone for all the responses! I appreciate everyone taking time out of their day to help me! + +For the people who are approaching FIRE but not necessarily FAT fire, I'm curious about this as I consider buying a home in this environment and trying to gauge what's the margin of safety for a home as real estate might go down short term but likely up long term. +What are the biggest reasons renewable stocks have been going up these past months? + +The Biden-Harris campaign has some impact, but there has to be more to the story. Do you think part of it is just riding the wave, speculation, or just general transition to renewable energies? +**PsychoMarket Recap - Wednesday, September 30, 2020** + +Stocks traded higher throughout the day before pulling back steeply in the last hour of trading in another extremely volatile day. While major benchmarks are up around 4% in the last five trading days, intraday volatility has been extreme, making options trading difficult. Traders weighed a wild presidential debate and developments among Congressional lawmakers for further fiscal stimulus. Stocks recovered in the last 20 minutes of the market, capping off an extremely volatile final hour. + +The Nasdaq (QQQ) finished the day 0.68% up, the S&P (SPY) finished the day 0.59% up, and the Dow (DIA) led the day finishing 0.99% up. + +Yesterday’s presidential debate between Pres. Trump and Joe Biden proved to be an extremely contentious affairs, with Trump frequently interrupting both Biden the moderator, Chris Wallace who could not control the candidates, and a slew of highly personal attacks from both sides. The Guardian branded the debate ‘a national humiliation’. With the election in 36 days, analysts expect volatility to increase as November 3rd gets closer. Tom Lee, managing partner at Fundstrat Global Advisors, said “I think markets are really nervous into those 36 days \[before the election\] and one of the things we have to think about is, when does nervousness price in the worst is yet to come? When do you think the worst is priced in? There’s $4.3 trillion in cash on the sidelines. I don’t think in the history of any financial market in the world do you ever have a top when there’s 20% of the equity market sitting in cash. Investor cash — that’s excluding the private equity cash, the record cash held by corporates too. So you’ve got tons of dry powder. People are bearish.” + +The election comes against a dire economic situation, especially in the labor, with major corporations recently announcing new rounds of job cuts. Disney (DIS) announced it was slashing 28,000 jobs in their theme parks, cruise line, and retailers. Shell (RDS) announced it was cutting 9,000 jobs as the pandemic has affected the demand for oil. According to CNN business, tens of thousands of airline jobs could be lost as soon as tomorrow, as a federal prohibition on job cuts in the industry expires. Airline executives say they are prepared to keep workers only if Congress approves $25 billion in grants. + +Congressional lawmakers and the Trump administration are attempting to come to a deal in the near-term to provide additional fiscal relief to the families and small businesses that are struggling in the pandemic. House Democrats are pushing forward with a new $2.2 trillion proposal as speaker Pelosi and the White House make a final attempt to strike a deal before the election. Today, Pelosi and Mnuchin were unable to strike a deal after a 90-minute meeting. The pair said they will continue discussion as they continue to work to craft legislation that could pass both Houses of Congress. House Democrats are holding a vote on their plan today, a largely symbolic gesture as McConnel has already opposed the plan. Republicans are rumored to have a $1-1.5 trillion ceiling for any new relief legislation. + +**Highlights** + +* Nikola **(**NKLA) postponed this year's " Nikola World " showcase, saying that pandemic-related gathering restrictions in its home state of Arizona forced its hand. Interesting given Apple (AAPL) and Tesla (TSLA) successfully did online events +* Precious metals underperformed the market today. Gold (IAU) finished 0.55% down, Miners (GDX) finished 0.38% +* Alphabet (GOOG) refreshed its product line Wednesday with new smartphones, a Chromecast laptop, and a new Nest speaker. +* Health care stocks were outpacing most other industry sectors Wednesday afternoon, with the NYSE Health Care Index rising 1.7% while the SPDR Health Care Select Sector ETF was up 1.9%. +* Shares of Datadog (DDOG) jumped more than 10% today after a partnership with Microsoft’s (MSFT) Azure cloud platform. DDOG said in a statement, ““Datadog will now be available in the Azure console as a first-class service. This means that Azure customers will be able to implement Datadog as a monitoring solution for their cloud workloads through new streamlined workflows that cover everything from procurement to configuration.” +* Moderna (MRNA) announced that elderly people in the first trial of its Covid-19 vaccine generated high levels of antibodies against the coronavirus, on a par with younger test subjects and patients who have recovered from the illness +* Albibaba (BABA) received several upgrades today + * Benchmark raised PT to $355 and rated BUY + * Truist Securities raised PT to $308, rated BUY + * Loop Capital raised PT to $350, rated BUY +* Shopify (SHOP) was upgraded by Wedbsuh from $998 to $1,300 from NEUTRAL to OUTPERFORM. This in an important one, this stock is a monster! +* Starbucks (SBUX) + * Cowen upgraded from $77 to $90 MARKET PERFORM to OUTPERFORM + * Telsey Advisory Group raised target $80 to $90 MARKET PERFORM +* Penn National Gaming (PENN) received several upgrades: + * Rosenblat target raised $80 to $90 BUY + * JPMorgan downgraded $62 to $83 OVERWEIGHT to SELL + * Craig Hallum target raised $75 to $90 BUY +* Southwest Airlines (LUV) had target raised by Raymond James from $42 to $45 at STRONG BUY. +* HASBRO (HAS) UPGRADED BY STIFEL NICOLAUS $73 TO $100 HOLD TO BUY +* Canada Goose (GOOS) was upgraded by Cowen from $23 to $36, MARKET PERFORM to OUTPERFORM +* Caesars Entertainment (CZR) currently at $55, had its target raised by Stifel Nicolaus from $67 to $80 at BUY. +* NKLA up 14%, DDOG up 12%, LX up 11%, GRWG up 9%, GOOS up 8.3%, DUK 6.8%, DDS up 6.5%, REGI up 6.3%, BABA a monster 5.5%, NETE up 30%, MRNS 11%, AQST 10%, OPK 7.6%, +This is the second installment to a post I made back in May that documented some of my inflation DD from researching Michael Burry/Scion's 13F plays. People on other subs found the information in part 1 useful so I thought I'd make a part 2 specifically for the broader audience on r/Investing. + +By my estimate, 28.4% of Scion's Q2 2021 portfolio is currently hedging against inflation. I arrived at this number by going through the individual positions of Scion's Q2 2021 13F, using the "Think Back" function in ThinkOrSwim to estimate options contracts prices, and summing the resulting positions together. + +# US 20+ year Treasury ETFs (7.6% of Scion's Q2 2021 portfolio) + +Burry's treasury instrument of choice is the 20+ year bond. This is a direct play on inflation where he's essentially concluding that the Fed will eventually need to raise interest rates which will lead to an increase in bond yields thereby causing their prices to fall. TLT is tied to the bond price itself. TBT is tied to the inverse of the yield (so when the yield falls, TBT goes up 2x that rate (in theory)). + +He has positions in both TLT and TBT (see below for descriptions). It should be noted that both of these positions first appeared in Scion's 13F in Q1 2021. It should also be noted that he reduced his TBT position and increased his TLT position in Q2 2021. His TLT position is the third largest position in his Q2 2021 portfolio (which, in my opinion, says something about which ETF he prefers). + +**Put Options on** [Ishares 20+ year treasury bond etf (TLT)](https://investopedia.com/articles/investing/031915/overview-tlt-etf.asp) **- 7.2% of current holdings** + +Probable Burry thesis: rising inflation over the mid- to long-term will lead to the need to increase interest rates, leading to increased yields and making these 20 year bonds less attractive. + +Some context: The U.S. Treasury announced plans to start issuing 20-year treasury bonds in January 2020. The benefits to 20 year treasury bonds are that they're relatively safe, their value could increase if interest rates drop, and they're relatively liquid. The cons are that they're over a 20 year period (meaning you lock in very low interest rates at which you get paid), inflation may occur over that 20 year period and lead to an increase in interest rates that you'll miss out on, and rising interest rates in general hurt the value of these bonds (link). + +**Call Options on** [Proshares trust ultrashort lehment 20+ year treas etf (TBT)](https://www.zacks.com/funds/etf/TBT/profile) **- 0.4% of holdings** + +Probable Burry thesis: this is the same 20+ year treasury bond mentioned above so the strategy is likely the same. The difference here is that it's a call on a 2x inverse bond ETF. + +Context: The ProShares UltraShort 20+ Year Treasury seeks daily investment results, before fees and expenses that correspond to two times the inverse of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. (from Zacks article linked above). + +# Energy, Commodities, and Transport (11% of current holdings) + +Commodities are a fairly traditional inflation play. This [article](https://www.investopedia.com/articles/investing/020816/importance-commodity-pricing-understanding-inflation.asp) on investopedia gets into some of the details regarding the relationship between commodities and inflation. The challenge with each of these companies is determining whether the company is an explicit hedge against inflation or whether it’s a value investing play. + +[Ovintiv Inc.](https://www.prnewswire.com/news-releases/ovintiv-reports-second-quarter-2021-financial-and-operating-results-301342593.html) **(Pan Canadian Energy - Encana Corp.) (OVV) - 4.06% of current holdings** + +This is the 6th largest Scion position and the 2nd largest shares-only position (i.e., no options contracts). + +Probable Thesis: First, it's an oil & gas company (meaning the commodities checkbox is checked on this one). Second, it's arguably a riskier investment at the moment. They have very little cash on the balance sheet (enough for 1 day of operations). They are currently redirecting their cash flow towards paying down long-term debt which in itself is another positive for inflationary times (one group that does particularly well during inflation is debtors as the debt inflates itself away). + +[Scorpio Tankers](https://seekingalpha.com/article/4438157-scorpio-tankers-has-more-upside) **(STNG), SunCoke Energy (SXC), and** [Golden Ocean Group Limited](https://seekingalpha.com/symbol/GOGL) **(GOGL) - 2.9%, 2.4%, and 1.7%** + +I grouped these positions together as they each clock in below 3% of the overall portfolio. Each of these was also an existing position that Burry added to in Q2 2021. + +***Scorpio Tankers and Golden Ocean Group*** + +These two are likely plays on ocean freight/transport inflation. Scorpio is tied to oil transport and is a proxy play on any boost to oil demand that occurs at the global level. Golden Ocean Group looks similar but tied specifically to dry bulk goods. + +***SunCoke Energy*** + +This is the one that I'm leaning more towards "value investing play" and less towards inflation (but I could be wrong). The arguments in favor of it being an inflation play are that it’s a commodity company (coal), it just recently started paying a dividend, and its been working towards deleveraging (at least that was the case earlier in the year). These are themes that you'll see in other investments such as CVS Health below. + +# Revenue Mammoths (9.8% of current holdings) + +The final group of companies are the revenue mammoths. They hail from the retail, grocery, and pharmacy sectors. All four of these organizations are in the top 31 companies in the world by revenue. They have some combination of pharmaceutical distribution and retail/grocery. They offer dividends with two of them being dividend aristocrats. + +**CVS Health (Call Options and Shares) - 4.7% of portfolio** + +Interestingly, CVS Health is the only stock where Burry is currently holding both shares and call options. They are the [7th largest company in the world by revenue](https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue) (hence the revenue mammoth term). + +The characteristics that make CVS an interesting potential inflation play are: + +• They have a large pharmaceutical distribution presence + +• They have a large health insurance segment + +• They have a sizeable retail store segment + +• They froze their dividend in 2018 to pay down debt related to their Aetna acquisition + +What makes these intriguing characteristics from the inflation perspective? + +Healthcare and pharmaceuticals have consistently beaten inflation over the past several decades. Pharmaceutical drugs continue to trend up. CVS owns a pharmacy benefits manager which, as a business, is incentivized through proportional rebates to push pricier drugs where they can. + +From the retail perspective, their "front" stores are essentially baskets of goods which can pass on the costs of inflation to the consumer. + +Lastly, the most intriguing reason (in my opinion) is their current strategy to pay down long-term debt. Their stock price is arguably depressed due to the massive $69 billion acquisition of Aetna they made in 2018. They had been increasing dividends every year for almost 2 decades before this acquisition, at which point they froze the dividend and put the money towards their debt. They estimate that they'll hit their debt-to-capitalization ratio in Spring of next year (I personally think it will be summer or fall of next year). At that point, it is anticipated that they will resume dividend hikes and share buybacks as they've done historically. + +With CVS, you have a potential case where the 7th largest company in the world by revenue is undervalued due to a large amount of debt that they are slowly and steadily paying off in an advantageous inflationary environment with a predicted return to hiking their dividends in 2022 (and they appear to be largely inflation-proof). + +**The Opioid Twins: McKesson Corp. and Cardinal Health (Call Options only) - 2.9% of portfolio** + +Two more pharmaceutical revenue mammoths: McKesson clocks in at #12 on the largest companies by revenue list and is the largest pharmaceutical distributor in the United States. They also own a chain of 4000 pharmacy stores. Cardinal Health clocks in at 14th by revenue and is in the top 5 largest pharmaceutical distributors with McKesson. Both offer similar inflation characteristics to the ones listed for CVS Health with the difference being that CVS owns a health insurance plan on top of their pharmacy retail/PBM businesses. + +Another key difference between CVS Health and the duo of McKesson and Cardinal is that McKesson and Cardinal Health were penalized in July of 2021 for their role in the Opioid crisis. Cardinal Health [expects to pay $6.4 billion over 18 years](https://www.dispatch.com/story/business/2021/07/22/cardinal-health-pay-6-4-billion-part-opioid-settlement/8053626002/) for its share of a $26 billion opioid settlement. It's possible that this legislation is currently a drag on these two stocks. + +**Walmart (Call Options only) - 1% of portfolio** + +Walmart is an interesting case because, at first glance, it appears to make more sense as an inflation play than the rest of this mammoth revenue group. Walmart is the largest company on Earth by yearly revenue. They have a strong pharmaceutical presence like the other companies in this category though over half of their revenue is actually from their grocery segment. + +What makes them an interesting inflation play is that their stores are literally giant baskets of goods. They have a large breadth of products which allows them to keep the prices of various product categories lower than their competitors. They also own the basket that the goods live in (along with the land around the basket). Real Estate is a well-known inflation hedge. + +Thanks for reading. +Uber announced Tuesday it is acquiring alcohol-delivery service Drizly for $1.1 billion in stock and cash. + +Following the completion of the transaction, Drizly’s marketplace will be integrated with the Uber Eats app. The company will keep the standalone Drizly app as well, it said. + +Founded in 2012, Drizly has become the leading on-demand alcohol delivery service in the U.S. and is available in 1,400 cities. The purchase could help drive people to use Uber’s app more often. + +Uber Eats has been a key segment to Uber’s business amid the Covid-19 pandemic, which has dramatically reduced the number of people leaving their homes. + +“During this time our delivery business as been growing at extraordinary rates,” Uber CEO Dara Khosrowshahi told CNBC on Tuesday. Drizly said it had more than 300% growth in the past year. + +The deal is expected to close within the first half of 2021. Uber said that it anticipates that more than 90% of the consideration to be paid to Drizly shareholders will consist of shares of Uber common stock, and the balance will be paid in cash. + +Uber stock was up more than 7% in the morning. + +Uber has focused its acquisition efforts on its Eats segment during the coronavirus pandemic. After talks failed to acquire food delivery service GrubHub, Uber acquired Postmates last July. + +At the same time, Uber has offloaded some of its more cost-eating transportation segments. The company last May transferred its electric bike and scooter business, Jump, to Lime. Uber also sold its self-driving unit, Advanced Technologies Group, to its start-up competitor Aurora Innovation on December 7, valuing ATG at approximately $4 billion at the time. Just a day later, it announced it was selling its flying taxi business, called Uber Elevate. + +https://www.cnbc.com/2021/02/02/uber-agrees-to-buy-alcohol-delivery-service-drizly-for-1point1-billion.html +Hey! +I’m getting tired of working as an mechanic, it’s rough and I don’t like it as much as I used to do… + +The thing is do that all coffe breaks, free time and weekends I spend reading about the stock market and economics in general. I have been investing in the stock market for 4-5 years and for each day it sure does become even more interesting. + +So know to the question. I do have the skills needed (like the right courses and stuff I did back when I studied). So know I’m just thinking about getting back to school and completely change my carreer. + +Do you think I should? +When people are talking about how much companies like Amazon or Walmart pay their workers, they often bring up how "rich" they are. + +Usually it is people like Bernie Sanders, but I stumbled on some clip of Tucker Carlson also talking about it--and he mentioned something about how Jeff Bezos was the "richest man, maybe ever", and also about how the Walton family was worth about $160 Billion, but still didn't pay their workers well. + +And my question is: **How is their net worth relevant**? + +For example: Jeff Bezos' roughly $126 Billion dollars of net worth is mostly in his 78,000,000 amazon stocks he owns--about 16% of the total Amazon stocks--they have increased from something like,$1 per stock over a decade ago--to about $1500 today. + +Jeff Bezos obviously can't just sell his stocks at once--he has to slowly sell them bit-by-bit if he wants to liquidate them, which apparently he is doing to fund his Blue Origin space company--He sells about $1billion worth a year according to sources I find (although I can't be sure about that, given how unreliable everything is). + +Is it possible or legal to pay your workers with money from selling stocks? + +Is it at all sustainable? + +**Shouldn't they** **be looking at something like his profits, and profit margins instead?** + +How badly would selling most of his stocks (if it was possible) damage Jeff Bezos' position in his company? + +Do these people think Jeff Bezos is like Scrooge, just swimming in $126 Billion of liquid money that he could just hand out to his workers if he felt like it? Or do they want their viewers to think that? + +How badly could selling his stocks damage the company as a whole? + +And again, do they have any justification for bringing up his net worth, other than for fear-mongering , rich-people hate, and convincing the masses, etc.,--in other words, could he actually pay his workers using any of his net worth--**without destroying his company.** +I have seen stuff like [this](https://voxeu.org/article/impact-population-ageing-monetary-policy) arguing that aging populations will decrease interest rates, but I dont get why. Is it because they are saving more for retirement, and the increase in the supply of loanable funds decreases interest rates? what does the increase in capital stock they mention have to do with it? + +&#x200B; + +Also- doesnt the central bank ultimately have control over the interest rates? +I have seen comments about the Yield Curve flattening and was wondering what economists or traders are expecting is the outcome of this change. Why is this metric considered significant to monitor - is there a macro economic indication? + +[link to graphic ](https://twitter.com/anthonybsanders/status/1014882937253384193?s=21) +We're going to ~~shamelessly steal~~ adapt from /r/askhistorians the idea of a weekly thread to gather and recognize the good answers posted on the sub. Good answers take time to type and the mods can be slow to approve things which means that sometimes good content doesn't get seen by as many people as it should. This thread is meant to fix that gap. + +Post answers that you enjoyed, felt were particularly high quality, or just didn't get the attention they deserved. +Is there a simple mandate that could be institutionalized like "pigouvian taxes on all known externalities and 2% decrease in annual pollution", to help the technocrats overcome the politics? It doesn't seem like legislatures can micromanage all those decisions in a relevant time frame or with out excessive corruption. +FUCKING THINK ABOUT WHAT KIND OF A STATEMENT THAT IS, TO USE MOST OF HIS PROFITS AS A MAN THAT WAS NOT RICH BEFORE ALL OF THIS AND TO USE THE MAJORITY OF HIS MONEY TO FUCKING SCREAM AT EVERY ONE OF US IN THE ONLY WAY HE CAN.. “HODL!!!!” + +I’ve been with this whole thing since first gamma squeeze 4 months ago, I’m an ape holding a sexy amount of shares but listen.. throughout this whole thing DFV has been a god damn messiah of the people. He has continued to be a light that people have confidence in. JUST KNOW THAT THE GOOD DD IS RIGHT. WHEN EVERYONE IN THE MSM WONT SHUT THE FUCK UP ABOUT US BEING “WRONG”, its because we’re right :) msm doesn’t have your best interest in mind, this hive of 200k minds in a sub has your best interest. We weed out the bs and shed light on the good holy DD that stands true + +This ain’t financial advice, I pack the green crayons in my lunchbox everyday + +Tits are jacked, pants full of precum and I’m strapped the fuck in 🚀🚀🚀🚀🚀🚀💎🙌🏻 + +Edit: I am in no way saying DFV is “our leader” just that he is a guy who stands for what he believes in and the man has some god damn leviathan balls +I am pretty much a sole grocery shopper at Tesco. Moreso out of habit and how close it is to my house. I know Lidl is often cheaper for many products and I would like to explore what you think are the best value and quality items in Lidl that I could maybe look to combine regularly to get the grocery bill down. + +E.g. I know the ice cream and nuts are decent there. What else? Soaps etc? + +I prefer to get my meat from the local butcher. Are there any things in Lidl I should always look to get? +Was wondering if there's any potential holes in this technique I thought up over the last month. + +PROBLEM: +There's a lot of small neighborhoods in my area with very shitty returns due to the HOAs sucking $300-500 a month of every viable deal away. This results in not many people investing in those neighborhoods. + +MY SOLUTION: +I figured out that you need 80% of the neighborhood to agree to disband the HOA in order to get rid of it. I figured if you could survey the neighborhood and see who would vote yes, then buy the remaining houses under different entities to make the rest of the 80% up using hard money (I got a lender who is willing to entertain the idea). You would carry the loan till the dissolution vote and then liquidate the extra houses you don't need (maybe even at a higher price due to the lower costs to potential investors/buyers bc the HOA is gone) + +POTENTIAL ISSUES: +- Time it takes to dissolve the HOA and resulting carrying costs. +- Convincing enough people to sell their houses to you in cash to make up the rest of the votes you'd need. +- Finding a neighborhood that fits the criteria (small enough to where this can be executed, high enough HOA to make a difference once its gone). +A software engineer by trade.. I came to this reddit to get some ideas/motivation to begin to learn how to trade. + +I think most rational people understand its incredibly hard, and not a free money scheme. What makes me nervous is people are so negative about the possibility of making money or having any success. + +It leaves me wondering that even if willing to spend thousands of hours and many years, is the possibility of making money that grim? I can't tell if the people who are overly negative about making profits are just the loudest on this subreddit, or if the outlook of trading is really that grim +I’m a college junior majoring in IT with a 746 credit score, I’ve dabbled in stocks, forex, and now I’m learning real estate. I was lucky enough to go to a college that pretty much pays for my cost of attendance and pays me to go. As such I can expect to graduate next year with zero debt and some assets to my name. I don’t work and don’t have a car to save extra money. I hope to retire and be FI by 30 I feel I’m doing good but want to hear from others on how they would go about it. +That’s kind of weird to start off with^ but I’m in high school and I want to read more over the summer. Does anyone have book suggestions on business and finance? I want to know more about big boy stuff like (LLC??) or taxes. + +Edit: Thank you so much for the suggestions! There were way more than I expected. +I’m a college junior majoring in IT with a 746 credit score, I’ve dabbled in stocks, forex, and now I’m learning real estate. I was lucky enough to go to a college that pretty much pays for my cost of attendance and pays me to go. As such I can expect to graduate next year with zero debt and some assets to my name. I don’t work and don’t have a car to save extra money. I hope to retire and be FI by 30 I feel I’m doing good but want to hear from others on how they would go about it. +U.S. crude futures suffered a historic selloff on Monday as WTI turned negative for the first time ever. + +The May futures price bottomed at -$40.32 after closing at $18.27 on Friday. + +Brent crude, the international futures benchmark, is trading at its lowest in almost two decades. + +https://www.ccn.com/oil-price-crashes-below-zero-as-u-s-crude-suffers-historic-meltdown/ +I have asked this question on the advice thread but got no good response. Hence creating a thread. + +I have seen read bad reviews of some tax firms for itr filling services on this subreddit. But no one has posted their experience with GalacticAdvisor services, even though they are very active and helpful in this group. + +Anyone can share their experience with GalacticAdvisor for ITR filing? (especially when you have income through foreign equities). Are their services very expensive? Do they communicate well. Did they meet the timelines they committed to. Did they help you save tax.... etc. + +I ask this qn because i want to take their services and am looking for some feedback. +My husband earns significantly more than I do and is about 5 years away from achieving FI. He is very adamant about splitting expenses 50/50 (we live below our means) and keeping his portion of our joint investment earnings separate from mine. When I asked how I should feel about this in r/relationships I was basically told that it's inconceivable for a married couple to not have joint finances and that he's selfish. He says it is so that he can RE and know he is still contributing financially to our lifestyle, which I understand. I'm curious how people here handle their finances if they are in a domestic partnership. + +Editing to clarify: I'm a happily self-employed creative entrepreneur with no desire to retire. My husband wants to retire early to join me in creative pursuits + +Edit #2: wow I wasn't expecting all of these responses, thanks for your input, it gives me lots to think about! I feel like some more details may have helped since lots of you seem to have an issue with the 50/50 split (but frankly, I forgot how unique our situation is). While my husband makes more money, I *choose* to make less in some ways because I choose my own hours. And while sometimes that means I work 60 hour weeks, sometimes that means I work part-time for three months. And since we have both lived below our means to this point (i.e. our household expenses are currently under $2500/mo and we both make 6 figures), the 50/50 worked out fine. We just bought a house in an HCOL area so things will be a little tighter, so an open discussion will need to be had. +There are a lot of questions about how much financial impact a child has. Here are my numbers, for exactly one year - the first year of his life starting in March 2020; with the addition of the "prep" budget. + +For the background info, we are a couple with above average household income (engineer + entry level engineer manager). A median house in our city is selling for \~$500k. When it comes to the financial decisions, we don't purchase the cheapest items, but we look for underappreciated items of decent quality (think - unpopular color patterns, houses that needs work or used stuff off craigslist). + +&#x200B; + +**2019-2020** + +Before the kid was born: +$5100 - Vitamins, doctor visits, car seat, stroller, baby prep items + + +**2020-2021** + +After the kid was born through the first birthday: +Total: $27,044.58 + + +Approximate breakdown: +$13,120.00 Daycare at $1280/m, starting at age 2.5 month +$4,432.00 Doctors - birth, after birth care, visits & vaccinations, one \~4 day hospital stay due to infection +$3,360.00 Insurance increase at $280/m +$2,554.00 Amazon - supplies for the baby and mom +$1,250.00 Target - supplies for the baby and mom +$480.00 Babysitter at $15/hr +$1848.00 Who knows / miscellaneous + + +That comes out to $2250 per month or $75 per day. + +&#x200B; + +**TLDR**: If you are like us, it will cost you \~$32k to have a child for the first year of their life. +Hi all, + +Seen lots of posts on here about investments and noticed quite often the same few options come up. Out of curiosity do you invest in anything less traditional on the side as a bit of fun? + +My boyfriend and I are Magic The Gathering players and absolutely adore the game. Over the years we've bought and sold a few things here and there across various gaming franchises but recently we have started investing just for fun into a small amount into MTG boxes. + +Every quarterly release we buy a couple of new boxes (£200 - £300) to keep aside using Klarna so each month we pay 1/3 rather than a chunk every quarter. Generally these will double in value every 5 years so we are looking to make returns of about £1.6k a year from £800 on the lower end. Not going to change our long term finances but we honestly are doing it for a bit of fun and accepted doubling our money over 5 years is feasible on the most part. You do get some releases that will barely increase in value (but pretty much guaranteed to beat inflation) but more often you find that some will triple or quadruple. There are some YouTube channels where they buy pallets of boxes for investments and we will never get to that level and we also have friends who buy them to invest but ALWAYS give in and open them. We don't really know anyone who is doing what we do on such a small scale! + +I know this is probably going to anger some serious investors on here as that money could potentially be put elsewhere but it comes out of our "fun money" and is really just a bit of fun! We are almost guaranteed to make back what we paid plus inflation and spend hours working together on what we should get next so is a team effort. + +Just curious what other areas people enjoy having a dabble in knowing it's not going to change their retirement plans! +https://www.ssa.gov/myaccount/ + +After creating an account / logging in, click on Earnings, then add the columns. If you have been working for many years, try copying/pasting the column in excel and using the sum function. + +The numbers don't list money not reported to the government, obviously. +~~I don't know if the numbers are before or after taxes.~~ + +e: Numbers are pretax. Thanks guys! + +e^2 : From the comments it looks like people don't know the answers to their security questions or are just discovering their identity is stolen...most likely the former. + +e^3 : My second post to make it to the front page! + +e^4 : [Canada look here.](https://www.reddit.com/r/personalfinance/comments/4iwo4v/us_find_out_how_much_you_have_earned_in_your/d32shp0) Austrailia and UK: Sorry mates, haven't seen anything posted here for you. +This is more for those who are new to trading. Stop losing your shit over pre-market prices. Yes, I know that there might be a big selloff today, but just for future reference, pre-market prices usually mean exactly dick unless something terrible happened. + +Stop panicking, keep your head screwed on straight, and assess your situation for what it is to come up with a strategy WITHOUT panic selling your portfolio off. You will likely be kicking yourself in the ass soon if you do that. We have all been guilty of it at some point but you need to learn this. + +This is normal. It happens. Welcome to the market. Chill. + +Edit: My shit is getting rocked right now but I’m as cool as a cucumber. If you want to trade then accept the fact that this is part of what you will always be dealing with. + +Edit 2: I bought some calls that got cheap as hell on my good picks and now I'm already almost back to trading even. This is the way. +Sorry for the first world problem. + +I bought my husband a very expensive watch before and he isn’t super excited. It’s fine, because whatever he likes he just buys right away. + +With Covid/kids, it’s impossible to take trips. We also don’t go to restaurants anymore— we do get takeout constantly. I encourage him to go on Scuba trip himself (we live in Miami so it’s not a big deal). He is looking forward to it. + +Anything you guys do to show appreciation to your SO? I want to make sure we are not burned being home all the time. +Anyone here who owns a home, please share how you managed it. After looking at my own low finances and all of the costs I’m seeing being thrown for buying a house, I can’t fathom how people on low incomes can do this. Any advice is appreciated. +And if it is a certainty at this point, what can I do to prepare for it? I'm only just now getting into earning a paycheck at my first stable job, and it feels like I'm going to be slipping behind before I can even get started. + +If this is not the right subreddit for this question, just let me know and I'll take this down. +I'm seeing lots of articles about construction companies struggling, both in Australia and overseas. What I don't quite understand though is how this will lead to a collapse in housing prices. + +If construction companies are struggling and closing down due to supply issues; won't this decrease supply (no added product and an increasing population, especially as people who left during the pandemic return) and higher demand lead to increasing prices further inflating the bubble? +I am a bit surprised by often it is said that you will not be able to make money after being out of work for several years. Therefore you should aim for a 2-3% withdrawal rate instead of 4%. + +But even if you aim for 4% or even a riskier 5%, I can't imagine it would be so hard to get back into the job market if the market crashes or something happens. It might not be as well paying as the job you had before, but with technical skills and the ability to learn, would really an employer say no? + +If they did, could you not do a gig job, drive uber, work for Amazon, etc? Or start a company mowing lawns? + +For me, it seems like people here are stuck in boring jobs for years because they want to feel 100% secure, but the fact is that you can never be 100% secure no matter how much money you have. You can get cancer, get in an accident, etc. As time goes by, the changes get higher and higher for something to happen. + +Therefore, it seems safer to retire earlier with a higher withdrawal rate to enjoy life now, than to work longer and risk something happening to your health or life. +My 12 year old has a birthday coming up and is wanting new yeezy’s, Jordan’s, video games, air pods, etc. + +I want to avoid spoiling him and am looking for advice on how y’all have thought about these types of requests? +https://imgur.com/TJlgFET + +I was wondering if we wanted to spruce up the place a bit. I know most of us probably still frequent WSB and like to stop off here to learn theta strategy. Seemed a fitting logo to me. I did my best... I am not a graphic designer, I really just wanted to float the idea. + +From the theta wiki: In ancient times, Tau was used as a symbol for life or resurrection, whereas the eighth letter of the Greek alphabet, theta, was considered the symbol of death. +Hi all, + +Just wanted to thank everyone on the forum over the year providing me support. + +Just a bit of a background on me, 27m I had a bad gambling addiction for most of my life, never saved, went through massive depression with a breakup and turned to alcohol, Decided I wanted to change things in 2020 and saved through the flowchart and your help, saw a therapist and stopped gambling and limited my drinking to sociable levels. I’ve now managed to save up to 17.5k in a year with 10k in my LISA and 7.5k in my emergency fund which I don’t feel is a lot but better then nearly being in debt last year at this time. This would of never happened without your help and support. I’ve also managed to buy some nice Xmas presents for the family for once which has made me feel positive after the year we’ve had. + +Thanks everyone and hope 2021 is better for all of us! +Myself and two peers were promoted recently, and I’m not thrilled with the increase I received (I was told I was at the top of the previous salary tier). I’d really like to understand what my peers received. I know that it is illegal to penalize sharing your salary, but I’m still not sure how to tactfully broach the subject with my peers. In my company culture this is not common. I also don’t want to seem ungrateful for the promo and while bonus structure has increased dramatically base still feels critical to hitting my RE goals. If I were relatively new in my career I’d probably just be direct about it but has anyone done this at the exec level? If so what worked & what didn’t? +I'm not typing this shit. I'm yelling at my phone so you can hear me! + +RC put chopsticks in his nose and titled the tweet PG-13. Page 13 of the GME prospectus talks about a dividend in the form of a unit. We've had tons of DD/speculation on this. That unit could contain something non-fungible or unobtainable by the short hedge funds. They also said in the prospectus that if the DTCC couldn't do their job, GameStop would take their ball and go home. They have their own goddamn exchange people... GME also hired merger/acquisition/carveout talent. They filed for the trademark GMERICA. They could easily merge, acquire or carve out a piece of any of their own companies, GameStop and/or GameStop entertainment LLC, and/or any one of the companies we know they are working with such as Loopring. If they do, that would change the CUSIP on the company stock. Or maybe GMERICA is going to be its own company, and GameStop shareholders are going to be issued a tokenized security for this new company on their block chain exchange. Remember the general TSO's tweet? Yeah.. TSO. Tokenized security offering - on their own exchange.. The huge amount of talent that was stolen from some of the biggest companies around went to work for GameStop. I don't remember how many, but a several executives are not receiving a salary and instead have been issued shares of the company as a form of incentive plan/salary. Do you think they're going to sign on with that type of incentive plan with no W2 salary and allow their stock to be manipulated down to nothing all the while they're putting in the hard work that should make the stock easily worth several thousand dollars a share? (Edit Matt's name) Matt Furlong was issued shares at what, $205 per share? + +Poke holes in this post, add to it, do whatever you need to do. I just vomited all of this out from memory. Hash it out and tell me how they could get out of any one of these changes I've listed which would ultimately lead to MOASS. + +We are bleeding them dry. And yes, they're locked in here with us. Or they'd have left already… + + +Edit: someone in the comments pointed out executives do have a salary. That aside (and thank you for pointing that out) the major part of their compensation is being fucked with. That's a big no-no. You don't fuck with peoples money in this world. + +Edit 2: this post is now dedicated to my boy u/stevo1586 and his smol peepee. 🤣. You're welcome buddy 😇 + +Edit 3: confirmation speaking - https://www.reddit.com/r/Superstonk/comments/vk5bn5/hey_retards_no_i_mean_the_real_kind_of_retarded/idq1717/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 +Taking into consideration inflation, especially in current times, say you have a credit card balance of $5,000. Does it make sense paying it all at once right away, or would you be better off making your monthly payments assuming you make your monthly payments on time. + +The way I see it, that $5,000 won't be worth as much as when you first used it, and should technically be easier to pay off in the future if wages adjust to inflation. + +Am I wrong? +I've had this idea swinging around my head for awhile, figured this would be an appropriate place to ask. The premise is simple: Instead of legislators choosing where to allocate tax revenue, what if tax payers had a choice of where some of their taxes go to? + +For example, let's say there is a minimum percentage (50%) that must be dispersed across all services (first responders, defence, infrastructure, social security, healthcare, etc.) + +Then.. + +The remaining 50% could be dispersed at the tax payers will. If you want to stack your money soully into defence. Go for it. If you believe we need better infrastructure and healthcare, put your eggs in those baskets. + +What are your thoughts? +I'd truly appreciate an economist perspective on this political philosophy debate. Anarcho-captalists and Libertarians oftentimes reject state intervention with the free market on the basis of ideas like property rights, individual freedom and so forth. People in favour of state intervention oftentimes appeal to concepts of equality, social justice, fairness and universal human rights. + +However, let's set aside all of the humanist consideration and speak ONLY in terms of the economic impacts with these following three stipulations. + +A) make no appeals to these humanists' ideas about freedom, equality, justice, fairness, rights, duty... + +B) the people will submit to the rule of free market without throwing a proletariat revolution. + +C) the state will continue to enforce private contracts and sanction fraudulent behaviors. + +For example, in the case of healthcare and essential medication such as insulins, can the supply and demand really hash things out? Overlooking the humanitarian crisis that many poor people will die who cannot afford healthcare, will there still remains enough consumers and suppliers to "keep things going", so to speak? + +Another way to phrase my question: The philosopher David Gauthier argues that the state should only exist to fix "market failures." + +When does the market fail? Fail how? Will the free market be more or less efficient without state intervention? +Recently I was linked to an article by Marshall Steinbaum [http://bostonreview.net/forum/economics-after-neoliberalism/marshall-steinbaum-empiricism-alone-wont-save-us](http://bostonreview.net/forum/economics-after-neoliberalism/marshall-steinbaum-empiricism-alone-wont-save-us) + +&#x200B; + +I do think it is important to address this kind of criticism. I think that what is happening in the social sciences is that people of the far left are becoming increasingly paranoid of right-wing bias because, for a long time, the United States has been oppressive to left wing groups (such as during the Red Scare). But now that these groups have started attending universities and have climbed the ranks, they feel desperate need for retribution to avenge their past. + +A lot of the logic they use is akin to the logic conspiracy theorists use. When a Flat Earther is presented with evidence from NASA, he completely rejects in on the bases that "NASA is funded by the evil government". For some reason, this logic is quickly rejected by academics and social scientist when it comes from Flat Earthers, but not when it comes from the left + +How can economists (and other social scientists) address these claims without being dismissive and gain back the trust of the left? Also, how do I, as a non-economist, yet someone who supports empiricism in all fields, address these concerns when discussing economics. I think that by simply dismissing them, we create echo chambers in our own subs and just further polarize what should be non-polarized subjects that rely on empirical evidence and research rather than "big money" or "group think"? + +&#x200B; + +I personally also like the way this article from way back addressed heterodox thinking back when the internet wasn't as divided along political lines + +[http://www.philosophersbeard.org/2010/10/why-is-heterodox-economics-joke.html](http://www.philosophersbeard.org/2010/10/why-is-heterodox-economics-joke.html) + +&#x200B; + +what do you think? +I really hate how when your poor you can't justifiably have a casual hobby without turning it into some kind of side hustle. If you decide to start learning a new hobby it's viewed as a waste of money. Especially if your not good at it right away. On the other hand if you are relatively good at a hobby then there is this pressure to turn it into a way to make money. I just want to paint because it's fun and enjoyable for me. I'm glad my family and friends think its good enough to sell but I shouldn't be shamed if I opt not to. If your poor and have a hobby and not getting financial gain from it then it's somehow the hobbys fault that your still poor. Enjoying a hobby shouldn't be an experience reserved only for people with money. +My internet provider is Charter. Unfortunately it's a monopoly in the area and the only internet provider in the area that works part of the time. Well my internet's been out for four days. The first day I called and asked how to fix it a robot voice told me that there is a service outage in the area. Ditto the second and third day. Today I was a little more annoyed. I need internet for work and I've had to go to a local coffee shop to do work. So I called and they said there's a service outage in my area. I called billing. The first time when I asked if I could have my money back for the three days they hung up on me. The second time I called asked the same thing and they left me on hold for two hours. + +Is there anything I can do to get my money back? + + +edit: Because this blew up let me say. This wouldn't be as big of a problem for me if they'd just fix my internet. I feel like four days without getting my internet fixed or even getting a human explanation is a little crazy. I did get a response back from twitter now I'm just waiting for someone to call me and hopefully come out and fix my internet. Thank you everyone for all your replies. +If it really comes from spending a million nights reading data and statistics and financial reports and not inside trading information, how the hell did Buffett do it? + +and more importantly, how does he still manage to keep doing it? + +If what he says he does is true (reading billions of financial reports and studying a whole lot) then isn't it so that just any average idiot can do it? +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>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! + +# 🙋 ​[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 your 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 + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs + +&#x200B; + +**📌 Flair update! Out with the ODL in with the new 🧾 Buy & HODL 💎🙌 with a new background color #242424, IYKYK** +I realize this might be bumping up against Rule 5 since it's kind of removed from $GME, but bear with me because I think this is something we should all be aware of and which may have a huge impact on the epilogue of the MOASS saga. Now, I don't know anything about finance, so I usually just lurk, reading DD and confirming my bias. But I *do* know about the law and I think I happen to find myself in middle of a Venn-diagram you apes might find interesting. That being the Manhattan District Attorney Race. + +We've all seen the legal and regulatory walls closing in on the hedgies lately. They're working through the night doing... what exactly? There doesn't seem to be a way out, so why bother moving chairs on the titanic? Suppose for argument's sake that the point is to buy time to shield assets from the eventual bankruptcy of these funds. Certainly isn't hard to imagine, you can bet these people already move their money to avoid scrutiny or taxes, this is no different. But the issue is that even if you were to somehow protect your entire fortune, it means nothing when you land in prison. + +So what do rich people do to avoid paying for their crimes? They buy politicians! And who is Citadel's politician of choice? I present to you: **Tali Farhadian Weinstein.** + +&#x200B; + +[https:\/\/publicreporting.elections.ny.gov\/ContributionsByRecipient\/ContributionsByRecipient](https://preview.redd.it/mzenks2mva371.png?width=2863&format=png&auto=webp&s=6ec935099e881c5614ab0802e25d2c429300ba01) + +That's Kenny G himself and Pablo Salame, the head of global credit at Citadel donating to Ms. Weinstein ($35,000 is the statutory maximum you can give). Bear in mind, Kenny G has donated over 100 million to the GOP over the past few years, he's donated hundreds of thousands to republicans in NY state races, so why is he donating to a democrat in a county primary? The Manhattan District Attorney is a unique position to prosecute financial crimes, they have jurisdiction over Wall Street. The more interesting question, though, is why Tali Weinstein? + +Tali Weinstein is the wife of [Boaz Weinstein](https://www.institutionalinvestor.com/article/b1m3lx01dnj9mq/Boaz-Weinstein-Is-Making-Bank-He-s-Not-Happy-That-You-Know-About-It), founder and manager of Saba Capital. The couple lives in a $25.5 million apartment. It is very clear from the vast amounts of money she's raising that she if very close with the ultrawealthy and is aptly named [Wall Street's Chosen Candidate](https://gothamist.com/news/wall-street-has-chosen-its-candidate-heated-race-district-attorney-tali-farhadian-weinstein). + +Lest you think these rich people are funding her because of her qualifications, it's worth noting Weinstein has "[never practiced \[law\] in Manhattan](https://www.5bd.org/tali-farhadian-weinstein/)" and has "[significant gaps in her understanding](https://www.5bd.org/tali-farhadian-weinstein/)" of the issues faced by a Manhattan DA. She's running as a democrat, but only [registered as one](https://twitter.com/SamMellins/status/1400076074810327040) in 2017 and has never voted in an election for D.A., or even mayor (she will actually be the first county official she votes for). And, of course, she was courted by [Trump](https://www.nytimes.com/2021/06/02/nyregion/manhattan-district-attorney-trump.html) to become a judge, so that tells you all you need to know about her Democrat credentials. + +The point of all of this is there are going to be a lot of very wealthy people in some legal hot water in the next couple of months, and the Manhattan District Attorney is going to be one of the few people who can actually turn up the heat on them. For *some unknown reason,* though, those ultrawealthy people have all chosen an unqualified, Trump-aligned, ultra-wealthy candidate to shower with their unprecedented support. + +So, **BUY, HODL, VOTE**. + +And if you're a Manhattan ape, make sure you also **VOTE** in the primaries on 6/22! + +EDIT TO ADD: + +**TL;DR: Citadel is contributing big $$$ to a NY DA candidate. The candidate has no prior experience or extensive knowledge that should be had with this position. She is closely connected to extreme wealth and if elected would be the one with power to hold these criminals feet to the fire.** (thanks, u/bloodshot_blinkers) + +EDIT 2: + +Taking u/EmoeyJoey's suggestion and adding for those of you wondering what to do about this: if you're in Manhattan, vote in the primaries . If you know anyone in Manhattan, encourage them to vote. Consider donating to Weinstein's opponents. Don't take my word for it, but being a prosecutor myself and having obsessed over that list of donors for a long time, I think Eliza Orlins is the one for the job. Her campaign is entirely grassroots, she's not in the pocket of the wealthy. I've actually been volunteering for her campaign as a result (full disclosure in case you look me up and think this was all a paid ad or something) + +And of course, get ready to raise hell post MOASS if Tali wins. + +EDIT 3: + +u/RL_Fl0p shared [this article](https://nymag.com/intelligencer/article/who-will-replace-cy-vance-manhattan-district-attorney.html) that I think needs emphasis. It summarizes the race pretty well, but the real interest is a quote from Tali justifying taking money from the hedgies. She says, + +"I’m not the first person to have a spouse with interests and concerns of his own... You cannot predict in advance who is going to be a defendant or a victim or a witness in a case, but it is predictable that the defense bar is going to appear in front of the district attorney’s office.” + +But here's the thing, her husband made his obscene wealth precisely by predicting these kinds of things. We have all predicted this. It's clear Kenny predicted it, otherwise he wouldn't have picked this race to break from his record of backing Republicans or hus record of ignoring county races like this. I mean, it's not even a prediction, the crime has already happened, the predictiomln is whether there will be enough public evidence that it can't be swept under the rug. + +So why say this? Do you think this whole meme stock thing hasn't crossed her feed? She and her husband just never talked about it? Isn't the go to answer for this that donations don't create a conflict because you won't let it influence you once elected? But if she says "I'll jail my donors if they break the law," she loses the donors that are donating because they want to influence her. So instead she playa dumb with this "OMG, you never know" shtick and all of her rich friends know exactly where she stands. +It seems like banks are letting people leverage up to their eyeballs in debt when it comes to property. Is this properly stress tested and being done in a prudent way internally, or has the house market euphoria also bitten lenders. What are people really saying behind closed doors? + Hello everybody, wrote an article about position sizing, and here is its quick summary: + +Position sizing is **determining the correct size of the position based on the amount of money you risk on the particular trade**. + +Before you can do that, you need to figure out what is the maximum acceptable risk of the trade. + +That risk is usually expressed as a % of your balance, that you are willing to lose. + +To make sure you don’t lose more than this amount traders set a Stop Loss order which are the real maximum exposure of your position. + +If you don’t use a stop loss, you are exposing your entire portfolio! + +**Where to put a stop loss?** + +* That’s where Technical Analysis can be handy. Majority of retail traders would look at the chart to find out – usually behind some support/resistance level or based on some volatility indicator, such as ATR + +**Rule of thumb:** + +Risk between 1-3% of your portfolio balance on each position. This way any single individual loss won’t wipe your account and break your spirit. And more importantly, even a string of losses will leave you with enough ammunition to recoup the losses. + +**Have a clear approach to risk:** + +1. Set a risk limit for each trade, asset in general, day, week and month (you won’t risk more than X account) +2. Determine the right position size and start small +3. Increase the position size of trades slowly if your account grows +4. Lower size or switch back to paper trading if your account doesn’t + +Two types of position sizing methods: Fixed and flexible + +**Fixed position size** + +* Using the same position size for every trade +* Good for finding out if your strategy has an edge +* Make sure you come back and reevaluate position size periodically. + +**Flexible position size** + +* Using a percentage of current balance +* Cluster of wins makes every following win larger +* Cluster of losses makes every following loss smaller + +**How to calculate the correct position size:** + +You need to know + +1. Trading account size +2. Acceptable risk (in % per each trade) +3. Invalidation point (in form of a distance from the open price) + +**The formula:** + +Position size = Trading account size x Acceptable risk / Invalidation + +Example: + +1. Trading account size = $10,000 +2. Acceptable risk = 1% +3. Invalidation point = 4% drop in market price + +Position size = $10,000 \* 0,01 / 0,04 = **$2,500** + +This way you will always risk losing $100 no matter where your Stop Loss goes! If Stop Loss must be wider, say 8%, the calculation is: + +Position size = $10,000 \* 0,01 / 0,08 = $1,250 + +**Doubling the distance to our stop loss has us reducing our position size by half to maintain the same possible loss.** + +**How to set position size in the trading platform** + +1. Pick a leverage +2. Add a Stop Loss +3. Input the **market price** or the **distance in %** of the stop loss - Whichever value you enter first, that becomes the constant – element that won’t change when you edit other variables. You can select different constant by clicking the “target” icon - +4. Input the Position Size or Margin size while watching the PnL of the Stop Loss - Increase or decrease the size of the position, until the PnL of the Stop Loss is at the level you want it to be- + +https://i.redd.it/8nrgnyp2f6491.gif + +This way you can control exactly what your exposure is, while understanding all the variables involved. You can even add multiple Stop Loss orders, which can help you limit the exposure in lower conviction plays, such as new set-ups. + +The next article will be about Stop Losses. +Hi fellow apes! 🦍🦍🦍 + +**Today we saw the lowest volumes ever in 2021!** + +While my [voodoo proclamation about today went flat (pun intended)](https://www.reddit.com/r/Superstonk/comments/mlltpu/today_was_the_lowest_volume_trading_day_since/), the fact that we had an even **LOWER volume trading day** today makes me even more bullish. We truly are still on the precipice of something HUGE. + +&#x200B; + +https://preview.redd.it/wypemrh1fur61.png?width=500&format=png&auto=webp&s=d4a93129bb8f9c836722acf35d957f79143be64a + +**---------- BOILERPLATE:** + +I still know nothing, I can't do math good. PLEASE don't listen to me! Obligatory 🚀🚀🚀 + +**TLDR: Today was the lowest volume trading day of 2021 and yesterday was 5th lowest. Even with such low volume, the price moved over 4%. This rocket is bursting and just needs a little boost to send it off to the moon.💎✋🚀🚀🚀** + +&#x200B; + +**---------- Daily data** + +Here is my ongoing data table. Today I also added in the FINRA short volume as well since an interesting trend has occurred over the past 3 days. + +Note: Assumption used for float is 54.5 million shares + +[A few people have assed for access to this data table and I am more than happy to oblige! Here is a live read-only link. feel free to use the data!](https://1drv.ms/x/s!AomFEIhCN8icgt1xPEpeIuja-2QEoA?e=qfQiHx) + +&#x200B; + +https://preview.redd.it/6nxscvw0fur61.png?width=1168&format=png&auto=webp&s=092d3f4927d8f48ec2fc6fb9f5a398eb4a0023be + +**---------- Volume** + +As you can see we had the **lowest trading volume day in 2021**, just below Jan 5th. This is so low you can barely see the yellow bar! + +As mentioned in my previous post, historically we have seen **very low volume weeks** leading up to a **huge volume (and price increase days)**. **I have bolded the two other times (Jan 12 and Feb 23).** + +&#x200B; + +**---------- FINRA Daily Short Volume** + +[**For those unfamiliar with the daily short volume and its caveats, you can read all about it here on one of my previous posts**](https://www.reddit.com/r/wallstreetbets/comments/ltcdf5/finra_data_now_shows_over_67_million_gme_short/) + +As you can see, the short volume as a % of total volume has been between **55% and 63%** since **February 19.** + +However, the **last three days we have seen a marked decrease in short volume** and are now down in the **40s.** + +We can also see that this ratio went down into the **30s and 40s just before the previous price increases** (Jan 8, Jan 26, Feb 19). **maybe its a coincidence, maybe its not...** + +&#x200B; + +**---------- Shares to short** + +Now these shares to short have been VERY interesting over the past 2 days. + +GME went from virtually no shares available last week, to **950,000** yesterday and then back down to **200,000** today! If those shares were all borrowed and sold today (which i would expect), that means that **37% of today's volume was shorted shares!** I guess we know why the price went down 3.5%. + +Hilariously the cost to borrow actually went DOWN today to 0.9%, but I'm sure many of you have read the different DD around how ridiculous this borrow price is. + +&#x200B; + +**---------- TLDR** + +**Today was the lowest volume trading day of 2021 and yesterday was 5th lowest. Even with such low volume, the price moved over 4%. This rocket is bursting and just needs a little boost to send it off to the moon.💎✋🚀🚀🚀** + + + +https://preview.redd.it/eqiok000fur61.png?width=430&format=png&auto=webp&s=0ebe27310417dd832f7d221ee74d5727a9317752 +Looking to purchase my first property. The property is a triplex. I want to house hack it. + +Property is listed at 269k +Should rent for at least 800 per unit with 850 being market average for these size units. Doesn’t need more than paint, which I can do myself. + +I’m 19. Still live with parents. I have 2 consistent years of making 19-20k a yr. I was self employed during most of that time though and just recently got my RE license. So now I’m on commission pay. I still do one day of work at my previous job a week averaging about $150-200 a week. + +I have a 709 credit score but only from 3- 4 months of building credit. + +No personal debt. + +I have 10k saved up for the 3.5% down on an fha and about 5k additional for any other costs/an emergency fund. + +So basically I look bad to a bank even though I have 2 yrs of pretty consistent income. So my question is, +If I can get my parents to co-sign and they qualify, how much does that help? Bc I definitely don’t qualify on my own. But can I still make it happen if I have a good co-signer? Or will that not be enough? + +I’m talking to two good lenders on Monday but I’d like to get an idea if I can even do it or if I just have to wait until my finances are better. If so I’ll just work on building my sales business and try to do some flips. + +Thanks so much everyone! +Looking into single family homes in the 300k range and the rents are nowhere near 1% of the value of the house. Maybe .7% at best. Is this rule for much cheaper places? Are single family homes not as lucrative for investing then? +Well, like the title says have $5k in the bank. It's part of my news years resolution and by God I did it. + +For the curious, I set up and second savings account in a different bank and had an automatic amount pulled off my paycheck. I dipped in to it a few times (needs must) but it worked. + +I don't think I will make it to my other goal of investing another $5000 by the end of the years but I will see what i can do. + +Wish me luck. + +EDIT : Thank you all for your kind words. Yall have been very kind and supportive. + + As for those asking how i did it mostly I had to come to a realization last year that there is some truth to the saying " if you chase two rabbits, you catch neither " I other words debts vs savings. I was chasing debts harder that saving and so I switched. If something happens lower debt balances will not help me but cash in hand will. It really is just that simple. + +Also I was giving a lot of thought to the concept of the Black Swan, The idea that unpredictable outliers are what will catch you completely off guard. You can not really plan for a Black Swan but you can bet it will cost you money. + +Thank you all for listen me I really was not expecting this kind of response. I am deeply humbled. + +Like I seriously just got a little 200 dollar check from unemployment. I had a sign of relief thinking I got some extra money to spend THEN I get a call from my school saying that I’m 2 months late on a student loan payment. And the amount is exactly 200 dollars :) Not to mention that paying this bill is only a DROP in the bucket of the amount of money I need to pay. What kinda sick game is this lol. +1. I had tens of thousands of Doge from doing surveys, but converted them when Doge was still under a penny because I didn't think it had any future. + +2. I had a decent amount of ETC, but after learning that it was useless/dead coin I got rid of it. I think it was like $4 or $5 at the time. + +3. I bought Baidu (the Chinese Google) stock the day it IPOed for $80. A couple of weeks later it was at $60 and I sold my holdings. It then went to $1,000/share and split 10 for 1. + +4. My sister gave me a tip on ISRG (Intuitive Surgical) years ago, but at $100/share I thought it was overpriced. It now trades at around $800/share. I didn't buy in. + +5. I distinctly remember the day that the iPod was announced. Apple's stock was around $20/share. I was so into MP3s at that point, though, that I thought "there's no way people are actually going to pay for music if they can get it for free". I didn't buy any shares. + +6. My sister gifted me a Netflix subscription back when they were still only doing DVD rentals by mail. I thought it was a neat idea, but couldn't foresee the transition to digital streaming of movies/TV shows. I passed on buying shares. + +7. I bought a bunch of AMD shares a few years back for an average price of about $4/share. Sold them all when it reached $12. It trades around $78 now. + +8. I used Amazon frequently back in college (2000-2004) to buy/sell textbooks and also buy various other things, as well. Thought that their service was great, but it never occurred to me that I should buy stock in them. + +9. Been a faithful eBay buyer and seller since 1998 (originally on my mom's account because I was too young). Loved the idea of the site since day one. Did I buy stock in them? No. Granted I was 16 when they IPOed, but I could have gotten in when I turned 18. + +There are countless others, too. + +I used to think I was smart, but at 39 now I'm keenly aware of how foolish/stupid I've been. + +I'm not giving up, but reality has certainly taken a bite out of my expectations + +I do believe in the future of crypto, but I'm probably invested in all of the wrong coins. + +Oh well. + +Just felt like sharing. + +Congrats if you made it this far! + +EDIT: Holy shit this blew up! Glad so many of you enjoyed my past failures and stupidity. :-p +Tired of missing early entry into crypto coins that have absolutely exploded? Sick of getting seduced into scam coins? Well we are here to put your mind at rest and do all the hard work for you. After calling Vanity Token before it was released to our small community and watching it absolutely erupt to a 10 million market cap in just 2 days, we have decided to reach out to even more like minded people who want to invest in new, exciting and legitimate projects. + +Why did we create the community project “Shadow Investors” and why is it free for everyone? What’s the difference between other groups? + +📈VanityToken was our first project supported by ShadowInvestors. We all got in early (presale and below 100k mcap). Now it is at 10m and we are all still holding strong. + +📈We don't advertise scams, everything that is approved is thoroughly vetted first, and we don't dump either. + +📈We hodl, eat dips and wash them down with a steaming cup of reflections. + +📈The more people we get in here the higher the gains. + +📈Group for finding and filtering coins so you don’t have to! Stop getting scammed. + +📈We will mostly focus on pre-sale and fair launch coins in earlier stages of the group. + +📈Our main purpose is to create a trustworthy community where we can all get profit. + +Join the movement and be a part of something huge. + +TG: [https://t.me/shadowinvestors](https://t.me/shadowinvestors) + +Discord: https://discord.gg/CnjB9y2J3T + +Twitter: [https://twitter.com/ShadowInvestors](https://twitter.com/ShadowInvestors) + +Reddit: [https://www.reddit.com/r/shadowinvestors](https://www.reddit.com/r/shadowinvestors) +There are a *lot* of people pretending to be WSB. + +I am not going to dignify them with a mention. + +But let's be clear. + +#**WSB will never ask you for your money.** + +A lot of people ask us why we have the rules we do. + +The simple answer is, our rules are written in ~~blood~~ red portfolio ink. + +There's always someone looking to fuck someone else over. + +My advice? Don't get fucked. Instead, fuck. +I am slowly building up my Roth IRA with the little amount of extra income I have up so to stay evenly diversified, I can only have a position in T or VZ for now. What company would you invest into right now if you had to choose? +While a lot of people say they are 'in it for the tech', many of us are here because Crypto seems to be the best way to get to home ownership in the next 10 years. + +For people who saw their parents work and pay rent all their life, I'm sure they want a different life. They want to help their family and get to home ownership. + +One of the best asset class, in terms of growth, which is outpacing the housing market is crypto. + +While people take huge risks, I think BTC and ETH will get people to home ownership. + +&#x200B; + +You'd think the State would regulate home ownership since people are hoarding houses, you'd think they'd try to free us from the leeches who are the landlord class. Yet they are far more bothered that you or me are trying to invest in Crypto. + +&#x200B; + +In France Half of the housing market is owned by 3.5% of families so if someone wants to get a house they'd have to DCA seriously for the next 10 years at least. +So let's meet in 10 years for the wave of 'I bought my house thanks to crypto' wave of post! +Hey! Are there any options paper-trading apps (mobile or web, ideally mobile) that don't require registration with SSN number and other sensitive data? + +Looking to practice some new **credit spreads** ideas. It's important that execution is realistic and **random EARLY assignments do happen from time to time** (like for deep itm calls on dividend-paying stocks). + +Just in case, Webull paper-trading is a BIG no-go since it doesn't allow options spreads.. also hate thinkorswim paper-trading because fills are super unrealistic +Let’s look at stock IVR for example. Let’s say I buy a 100 shares for $285 and sell a 1/19/2024 $0.5 call for $2.45 (Robinhoods current price). This is a $40 net debit, per 100 shares. Their last few dividends (quarterly) have been $0.09. Which means we are getting $9 per quarter in dividends every 3 months, or $36 every year, on a net debit of $40, that’s a 90% dividend yield. The on downside to this I can think of is that we would not benefit to any upside of the stock price because of the short call, but in my opinion that is a very small price to pay for a 90% dividend yield. + +Is there anything I am missing??? +Hey guys, I've been theta ganging since June 2020, making $300-1,000 per week on covered calls and cash-covered puts. I'm asking the veterans, what do you do with your federal tax withholding? Do any of you pay quarterly taxes because of your theta gains? + +25%-30% of my income is Theta Gang. + +I just found this subreddit so i'm looking forward to posting my weekly plays and profits. +Last year, several gaming studios announced plans to roll-out NFTs on their platforms, and the backlash was swift. Gamers threatened to cancel their Discord membership, Square Enix got criticized for introducing NFTs in *Kingdom Hearts*, Ubisoft got panned for a similar NFT program last month... + +At first, I was aghast. Why would gamers reject so violently a new technology? I am not a gamer myself, so it was troubling. + +But I read about it, and I came to this conclusion : gamers are not against to NFTs, they are against microtransactions cash-grabs. And to them, non-fungible tokens are nothing more than another way for studios to make more money. But this will change. + +From what I read, the gaming industry has been plagued by microtransactions for quite some time now. You pay $60 for a game, and yet, you need to fork out more money to buy clothes, armor, weapons, etc., for your character. That pisses off players, and rightly so. So when big studios such as Square Enix or Ubisoft announced plans to offer NFTs, those same gamers are pissed off : they only see this technology as another form of microtransactions. + +(There are also energy consumption concerns, but as most NFTs are build on Ethereum, those concerns will evaporate in six months when it switch to proof-of-stake.) + +**That's why I think that, in the long-term, NFTs will find a way into the gaming industry.** When/if big studios find ways to make it enticing for players, the revolution will begin. The tech will mature, the fears will fade away, and our ecosystem will benefit from this. +My dad is 74 and on social security. He is nearly broke and after his rent, bills, meds, etc he is at around a $400-500 monthly deficit. He lives very humbly but his social security is only $1250. His apartment is a one-bedroom for $839 (very hard to find much cheaper). + +Ive taken over his cell phone bill, renegotiated his car insurance and cable bill, and cancelled some stupid subscriptions. Medication costs keep rising and we have made all sorts of cost-cutting measures including using less convenient meds (ie those that have to be taken more often vs more expensive extended release) And use goodrx, coupons for groceries etc. + +My question is are there any services where the government will make up for the difference in his living expenses? Or ways to at least get his medication covered, which is over several hundred per month? Any and all advice appreciated. + +Edit: So much great advice I really appreciate it! On Monday I am going to help him apply for Medicaid & extra-help, SNAP, as well as inquire into HUD, Low-income subsidy, etc. + +I am also going to look to Social Security administration and various government sponsored help for older people. + +I did some research thanks to redditor advice and found that I should be able to drastically reduce his phone/electric/cable and internet via various programs like Lifeline and directly with utilities. + +Thank you all so much hopefully this thread helps others in a similar situation. +Hi, I am currently in the process of buying my first property and I am learning the process and found that I made some mistakes/lost money. This is just and avenue to educate people to really understand when they are buying + +1. I used a mortgage broker instead of a direct lender: my credit score is good and I would have just gone straight to a lender instead I went to a broker that charged almost 5k for broker fee. + +2. Buyer compensation for the property I'm buying was 2% and my agent said she can't work for less than 3%. She charged me 0.5% and I negotiated for 0.25%. I wouldn't have done that. I would have told her if she doesn't accept the 2%, then I will go look for another agent to represent me. + + + + +I am still in the process and I will try to reduce all other mistakes moving forward and I will update as time goes on + +05/01 +Update: Title search came back and the deed owner is who we are buying it from but there is some form of easement on the land. I would love to get a survey and I want to know if I should shop for a surveyor myself or talk to the lender? +Hello everyone, can someone explain to me why Ada can no longer climb? I mean, all I hear with cardano is very good news. In this context, I expect the price to rise, but it is not. Does anyone know what the reason is +Hey y’all, just want to give some background before I start asking questions. (Just started this job) +-I stock cars, order parts and answer phones at an Autoshop. I got really lucky by knowing the owner since I was younger and he gave me a really good offer. +-I commute about 35 ish minutes so gas is my #1 killer right now. Any gas tips/ways to save would be appreciated +-I currently live at home, bill free. I’ve always been a worker since I was 14 and my mom realized that and understands that so to help me save she just expects the normal chores and things that go without saying. I want to get my own phone line though just to help someway. +-My boss is making me contribute to my 401K (in a good way) and matching my 3%. I have thought about a Roth IRA but kinda need a dumbed down explanation. + +Okay, so questions... How should I go about saving if I’m looking to buy a used truck? I don’t have to worry about paying for labor just parts (perks of the job) so this helps me stretch my budget. On top of that, what are things I should be doing with this money I’m not spending? I already have a savings account and a 401K set up so I was wondering if there is anything I’m missing. Lastly, is there anything else you recommend me doing/things you wish you knew? I’m open to any and all input. + +Thanks! +We're going get to 1500 and we should start thinking about posting him every 250 until we reach 5000$. 100$ is too little. It's 8-9%. We're crossing 2-3 a day ... + +Edit : HOLY FUCK ! I GOT GILDEDDDDDDD !!! THANK YOUUUU !! 2018 IS MY YEAR <3 +(Throwaway) Long story short: dealing with a debilitating stomach issue out of the blue that started a few months back likely related to bacteria causing serious inflammation. Day to day my quality of life has tanked. + +6 months into it and sitting here in a European country where I have private healthcare only to find out all doctors and staff are taking the month of August off for vacations. Everything is taking weeks to schedule. I have been cancelled on twice. Nothing is working and frankly it is becoming beyond frustrating and I am getting desperate. + +As the title says, are there any private institutes, clinics or one-stop shops (think similar to a rehab clinic) where you can pay top dollar, go in, and get treated by world-class physicians and not leave until things are solved? Or something in the middle? Goal would be to eliminate any waiting by paying a premium and get treated by a team dedicated to solving the issue. + +Any and all ideas appreciated! +I am by no means in Fat Fire yet but on my way as I’m approaching $2M in net worth soon and I work for a financial services company. + +Throughout this tough time due to Corona, I have been living a better life than before due to less corporate travel and spending more time with the family at my beach home. + +From a work perspective I have been one of the only people to get more compensation than last year including big bonuses and complete job flexibility. + +Yesterday I started feeling really guilty that I have a second home that has kept my family sane over the last month and that our financial situation keeps on improving. +My wife reminds me that we are in our position because of hard work and planning. + +Does anyone else go through these bouts of guilt about their wealth? + + +Edit 1: I never defrauded anyone or stole money and do not feel guilty for that. + +Edit 2: I was raised in poverty but was still privileged since my parents valued education and pushed me to succeed. + +Edit 3: I have been so focused on making it that I completely overlooked giving back in a consistent and substantial way. I am going to form a family meeting once a month for the family to meet and discuss how we are going to help, this will include many of your suggestions e.g. +1) buying local, +2) ordering food from local restaurants instead of cooking to help support them, +3) donating money to worthy causes, +4) volunteering time to worthy causes, +5) and help mentor anyone that is interested in learning the FIRE lifestyle. +I called and texted her multiple times. She doesn't respond. I have a new tenant moving in in a few days. I've called multiple towing companies and they all say the same thing. They are not allowed to tow from residential property. One lady suggest I move the car into the street and let the city deal with it. The car doors are unlocked. When I opened the door the alarm goes off for like 3 minutes and then turns off. I don't even know how to get it into neutral. + +Any suggestions? + +Should I call the police? +Money that you add to your self wealth account should not be shown as estimated earnings for that day. This seems like it would be a pretty simple change. In fact I’m +Not sure why cash holdings are included in this figure at all - it should just show what your investments are doing. + +Thoughts? +i actually work in a midwest CU but i was embarrassed to apply for a refinance because i knew how bad my credit score was and i didn't want any of my coworkers to know. + +push came to shove at the beginning of last month. i had been driving with temp plates for the better part of a year and finally got stopped and hit with a hefty ticket. a kind coworker stepped in and offered to quietly set me up with a personal loan to pay the ticket and get my car registered. the interest rate was about 14% (with a 583 credit score and a massive debt to income ratio). + +once that was done, she came back to me and set another offer in front of me: refi my car loan at the CU, roll in the new personal loan she'd just drawn up for me, *add* in my two credit cards and make my single monthly payment cheaper than my original car note's. i was floored. + +i now have a 12% rate--down from 25.66% at my other finance company, my credit score is going to leap up since both of my cards are now paid off (and won't be used unless it is absolutely fucking necessary), and in total, i am now saving $317 a month. that may not seem like a lot to some people, but it's huge for me. that money is an oil change, a visit to the dentist, going back to my therapist, and a whole host of things i've avoided because i couldn't find it in my budget. + +TL;DR: if you're struggling, please reach out to a credit union. every single one of my coworkers is kind, understanding and reserve judgment in every situation. i mean, it's why credit unions were even created--for people in poverty like us. they offer *so* much more than a traditional bank, even if all you bring to them are your loans. + +anyway, i'm off my soapbox. if anyone has any questions about this stuff, please PM me! i want everyone in my situation to feel as relieved as i do right now. + +EDIT: well i got way more responses than i expected haha i'll reply to everyone as soon as i can! +French here. Sold 13% of my stack to move & start my new life in Japan from January. + +It was really hard to sell, heartbreaking. Bitcoin allow me to realise my dream. +I started tracking my account balances in a spreadsheet when I was still in college and have updated it fairly regularly since. I'm sharing as I thought people might be interested to see charts over 16 years. (I also haven't had wildly lucrative jobs for most of my career, so this might be a path that feels a little “more attainable” to some people.) + +If I could go back, I would have tracked things way differently. This was the *only* personal finance-y thing I did. I never really tracked my spending, made a budget, made a plan for the future, etc. + +My “philosophy,” to the extent I have one, is to try to get big stuff right: family, friendships/relationships, a job you like, housing, transportation, 401k match, credit cards. I don’t actually drink lattes, but I don’t worry about this sort of thing either, if you know what I mean. + +So here’s some charts, an explanation of how I got here, and then I’ll ask for some advice going forward. + +**Charts 2004-present:** [Net worth](https://imgur.com/a/lXY6am2) **|** [Breakdown of assets](https://imgur.com/a/FcsAhwR) **|** [Allocation of assets](https://imgur.com/a/3rqdHlN) (an odd and fun one) + +**The start:** I graduated with almost exactly $60,000 in student loans. I started tracking my bank account because I was saving for a car and wanted to buy it without a loan. In hindsight, buying a $14,000 car for a $28,000 job was a bad move. Although in my first year I got a promotion to $42k. + +**Years 1-5:** [Net worth](https://imgur.com/a/18YbUUz) **|** [Assets](https://imgur.com/a/RJn0Luw) + +These were good fun years, but financially a slog. I made some good moves in hindsight. I opened a 401k as soon as I could. I kept the 401k contributions going even in 2008-09 when I took a painful furlough and the market crashed. My net worth didn’t even turn positive until late 2009. But after 5 years of steadily chipping away I had $45,000 in the market, $20,000 in cash, and had chipped $12,000 off the student loans. + +**Years 5-10:** [Net worth](https://imgur.com/a/D4) **|** [Assets](https://imgur.com/a/nLpJjfw) + +**Housing:** I don’t like pinching pennies because *you have to pinch a million pennies to make up for a $10,000 financial blunder.* The biggest place I’ve seen people making this mistake is housing. + +In my city (known on the reddit as an HCOL), it was totally socially acceptable for twentysomethings to live in group houses. My first year in a group house wasn’t the right mix of people. A lot of my peers at age 23 were like "I need my own place" and signed $2,000/mo leases on $50,000-a-year jobs. But instead I spent several deliberate months looking for people to form a better group. Guys who are tidy, but not persnickety. Chill, but reliable. Fun, but not a Jack Kerouac character. Four of us on the same page found a 2 br+den place, did some DIY drywalling, and made it into a 4 br. Lived there 2006-13, paying $600-700 a person/mo. We were saving $1,000+ a month, relative to many of our social group, for seven years, because of this single decision. + +In 2013, the house disbanded and I moved in with my then-GF/now wife (we made $110k combined at the time). We ran the numbers. We could live far out and save money on rent but we’d need at least one, and realistically, two cars. Or we could spend more on rent but live in a prime downtown neighborhood and ditch the cars. I think a lot of people in HCOL’s get this trade-off wrong, from a financial perspective. They just look at the sticker price of the apartment/house. I know people who have two cars and 40-minute commutes because they wanted to save $300 a month on rent. + +The most important thing to know about my wife is that she's smart & funny & beautiful & smoking hot and I love her to pieces. Second most important thing is we can get mostly on the same page on this type of stuff. + +Once we decided to live walking distance from work and sell our cars, we were surprised to discover it was significantly cheaper to buy a 1-BR condo than rent a 1-BR in our preferred neighborhood. We went car free for almost 6 years (loved it, it's actually liberating) and saved a ton. We decided car-free life would be too inconvenient with kids, so did get a car again a couple years ago. (I don't track this as an asset anymore.) + +**Years 10 to present:** [Net worth](https://imgur.com/a/YxdjNoE) **|** [Assets](https://imgur.com/a/vesF7g8) + +By 2018, we had \~$200k equity in the condo. Since we could easily rent it for more than the mortgage, we tapped equity to buy a new place. We became landlords of Condo 1, and started living in Condo 2 ourselves. + +The renting went really well, and we still had lots of equity in the original condo, so after another year we decided to tap more equity and buy Condo 3. (I track the equity by averaging Zillow, Realtor.com, Redfin and Homes.com price estimates, which produces something quite reasonable in our locations, and then subtracting 6%.) + +**Equity:** [Condo equity](https://imgur.com/a/wv7No1M) + +We’ve done ok financially, just by starting right away, getting big decisions right, and keeping at it. On paper, I guess we’re millionaires. We both got new jobs in the last couple years and as of 2019 are making good salaries for the first time in our lives ($130k and $100k). We're 37 and 34. We want to get to (undefined value) FI, but at this point we really like our careers and don't have any interest in retiring. With this lengthy explainer, here’s my questions: + +1. I think I want out of rental properties. They're on course to earn \~12-15% this year, but I didn’t anticipate a tenant could lose their job and the government might step in and force me to eat the expenses for a full year. And I’m not even critical of the government here because I wouldn’t have wanted to twist the screws on someone in 2020. I’ve realized I like managing property but simply wouldn’t have the stomach to evict someone down on their luck from their home. Am I nuts to get out (when the current leases end in 2022)? I think we avoid cap gains on Condo 1 since we have lived there 6 of the last 8 years? +2. I’m wondering about a 1031 exchange for a vacation rental w/ condo 3. Anyone have experience with a 1031? What math should we consider for a vacation rental? I’m thinking of an inexpensive place 3 hours away that we could afford ourselves just for fun, but that we could rent out weekly in peak seasons to cover some/most of the mortgage expenses we’d have. I don’t expect to earn 12-15% from it, but I also don’t want to hemorrhage money mindlessly. +3. If we don’t do the 1031 exchange, what should we do with the proceeds from selling? We might be looking at several hundred thousand dollars, even after extinguishing all the associated debt. We already keep more cash than we really ought to from an “optimization” standpoint. What should we do instead? +4. Finally, I'm worried about doing all this saving and then getting slaughtered by FAFSA in 15-16 years. Any tips within that context? +Discovered crypto while I was in graduate school in 2017, but didn’t sell at all during that bull run and learned my lesson lol. Bought more Ethereum in the bear market of ‘18-‘19, and never traded or sold until a few weeks ago when my portfolio hit the milestone I committed myself to. + +Finally got the notification from the loan provider today that it’s paid off in full, and I can’t even describe the relief! (Of course the banks &amp;amp; provider took a few weeks to process the payment haha). + +Hodling crypto feels nice, but freeing myself of this debt feels even nicer. Don’t forget to take profits, it’s more relieving than you might think! + +^sorry ^for ^those ^seeing ^this ^twice! ^automod ^deleted ^last ^post ^because ^of ^title + +Edit: well this blew up bigger than I expected lol. Seeing a lot of the same questions so I’ll try to answer here: + + - Yes, I set aside some for taxes. I intentionally didn’t trade or touch *anything* for well over a year to lock in those sweet long-term capital gains taxes :) + - loan paid off was originally 8.5%, refinanced to 4.5% in 2019. And yeah, I *will* be a little sour if Biden ends up wiping away everyone’s student loans after this haha but it is what it is, and this was a guaranteed weight off my back + - most of what I sold was ETH, but also some Bitcoin and Cardano. Without getting into specifics, I was up ~15x my initial investment when I sold. + - Will probably re-enter during the next bear market, in the meantime I’ll be cheering y’all on and saving up on the sidelines + +Thanks for all of the kind words and awards! +there have been these massive sell-offs on the S&P 500 index around 3:30 pm for the past 2 days now. These huge red bars.. are these institutional investors selling? These sell-off happen in a 5 minute time span. +The FTSE 100 has outperformed its European counterparts in recent days, benefiting from the current macroeconomic and geopolitical climate given its heavy weighting in commodity and bank stocks. + +The index advanced for a 5th straight day yesterday, extending its break back above the 50-day MA. The RSI still shows room for further upside, and a close above the key psychological level of 7500 in the coming days might put it on track for a retest of its post-pandemic highs and the historical resistance around the 7700 level. + +However, there still a number of factors that could create potential headwinds for global equity markets. The war in Ukraine is already nearing the 1-month mark, and commodity prices and overall risk sentiment continue to be directly linked to headlines relating to the conflict. UK inflation figures are also due in an hour, and could provide a deeper insight into how aggressive the BOE might be after last week’s dovish meeting. + +All trading carries risk, but it should be interesting to see if the FTSE can sustain this rally, or if the market will begin a new leg lower. +We all have that friend of a friend who earns a motza doing something you’d never quite expect. We hear a lot about ETFs and property on this sub, but I’d love to hear a few stories of entrepreneurship. + +I’ll start: I know a residential tiler, works on his own. Turns over 30k per month by renovating wealthy people’s bathrooms, on the upper north shore of Sydney. +Hey all. If this isn't the right sub, please let me know! + +I have been a member at crunch for a little under a year. The gym is fine, whatever. When it came time to pay my annual fee (a few months ago), I noticed they charged me 49.95 once and then 49.95 AGAIN the following month. I called my home club, and they said "oh, you're right, you were double charged, I'll request a refund." + +I didn't get that refund for about 3 weeks, because they kept saying it's "in process." SO fine, I got my refund. But if I hadn't checked my statement, I would never have known. + +Now to today, I am seeing my regular monthly 9.95 monthly membership fee TWICE two days apart. So no way it's for two different months, that just makes no sense. Isn't this stuff automated??? Are they doing this on purpose hoping I won't notice?? + +Anyway, my question is, besides asking for a refund, is there anything else I can do? It can't be ok that they keep pulling $$$ out of my bank account that I DO NOT OWE. I didn't sign up for this ..... + +Side note, yes my bank account is linked because a few months ago they were giving away Amazon gift cards to people who linked their bank accounts... big mistake? + +tl;dr - Crunch keeps doublecharging me. Do we just let them get away with this??? What can I do besides ask for a refund (and obviously cancel)?? +I applied to another company to test the waters so to speak. The same job, but higher pay and less work. I just applied via indeed and had not even set up an interview, i guess they called my current employer for a reference check. + +I got called into my managers office this morning and was told that they heard about my "looking for other employment" and that they were looking for a replacement. I told her that i was just looking and didnt think that was considered resigning right now. + +Can they really count that as a 2 weeks notice? +# Yeah, that experiment didn't turn out great. + +# Apparently some people are using the title 'knight of new' to bully apes in 'new' which is the EXACT OPPOSITE of what 'knights of new' should stand for. + +It doesn't matter if it's just agents provocateurs that rally under our banner, or even if it's shit stirrers that pretend like they've been attacked. Because the result is the same: + +Division. + +They are desperately looking for something, anything to use against us because we're nearing liftoff. Yes, this was a good thing, but if there is even the slightest chance that it could be used against us, I'd rather have my flair removed. + +I can sort by new without a flair. + +Mods, perhaps now is a good time to put an end to this - perhaps remove the custom flairs? + +I am happy to support you in any way possible! + +&#x200B; + +Edit: Thanks for the kind words, but I really don't feel bad about it. +I'm flying to the moon, surrounded by hundred thousands of people who I trust and some I even call friends. I'm gonna be rich af in no time. + +So I don't mind if a silly joke kinda backfired 🤷 + +&#x200B; +Does anyone else find the timing of the Morgan Stanley downgrade today a little fishy? They site “lack of near term catalysts” hours after HBO Max reached a deal with Roku? I’m buying this weakness because I don’t think this downgrade is genuine. Am I missing something here? +*Re-posted from the daily, because I believe this is an important one for us to keep in mind. All time highs make me more contemplative than usual. I was thinking back to my journey with ETH over the past year. Some your journeys have been longer, or they have been shorter, but no doubt, we've all been on this path together.* + +Buy BTC in 2013, sell for a loss in 2014. *Swear off crypto for good.* + +Reopen Coinbase years later in December 2016, see this new coin with a weird name called Ethereum. *Close and get on with my life.* + +Watch ETH soar from $8 to $40. *Research and realize this is the real deal. Lose sleep because you realize how big of a deal this actually is.* + +Hope ETH doesn't go above $50 in the short term. *Buy as much ETH as my Coinbase and bank accounts allow, and watch it crush through $50 while buying all the way up.* + +Watch ETH skyrocket to $300, up to $420. ***Hold.*** + +Watch ETH drop back to $300, down to $150, back to $300...for months on end. ***Hold and buy as much as possible.*** + +Watch ETH soar to $700+. ***Hold.*** + +Watch ETH price go to ??? next. ***Hold.*** + +Wait for Proof of Stake. ***HOLD. And profit from the earnings, never the principal.*** + +***But holdin' ain't easy.*** Holding is one of the hardest things I've ever had to do in my life. Holding is harder than trading. (Good) traders take calculated risks and seek appropriate returns for their risk profile. + +**Us holders instead are betting on a bold future- one that is better than the world that we live in today.** One that brings every soul on this planet into a single, more inclusive, and fair economy. It can be easy to lose sight of this day-to-day, when the price goes up, down or even stays flat. But don't lose sight of the end game here. If you need to take profit, do it, but know that there could be a major opportunity cost associated with doing so. + +I'm came to ETH for the money, but I've stayed here because of so much more than just that. ETH could become a foundational technology of our civilization and usher in a great, new era of commerce and (hopefully) harmony. If you think I'm just being hyperbolic, then spend some time to learn more about the coin you are holding. + +I want to be a part of that, in my own way. And if I profit from it, I plan to be extremely generous with the tremendous boon it may confer. + +**To our new friends, welcome. You are part of something bigger than yourself when you hold this coin. Never forget that, and never forget others if you succeed economically from it.** + +**To Vitalik, the Foundation, and everyone involved in the Ethereum ecosystem: I'm proud of everything you've done and everything you have planned. Your work is not done yet, but you have captured the hearts and minds of so many with your vision. With support like that, I have no doubt you will succeed and humanity and the entire planet will be better off for it.** +35 M - NW ~5m - HHI 500k-1m - LCOL Area + +My wife and I are looking for a luxurious upgrade that’s practical with a little more room than our Model S. We have a 1 yr old and another on the way, that means car seats for the next few years and space is important. Typically we don’t drive often we mostly work from home or at an office building we bought nearby. We do take a few road trips here and there. In addition because of where we live and the market right now pretty much all of the cars I’m about to list are not able to be test driven without driving 5-8 (round trip). We also generally like to keep cars for 3-5 years which is usually outside the lease sweet spot. So this will be an out right purchase. + +Cars in the running: BMW x7 M50i, Lamborghini Urus Modestly spec’d, Audi RSQ8, Tesla Model X Plaid + +Currently leaning towards Model X or the BMW as they have the only 6/7 seat configurations. + +Are there other cars I should be considering. What does your family drive? What do you think? + +Thanks! + +Edit: +We decided to make due with our current Tesla and Jeep. We are going to wait until the 180kw version of the Rivian R1S is released and purchase that and at that point I’ll get myself a little mid life crisis car. The Rivian really hits all of our needs, while still looking like it’ll be fun to travel in. The X just missed the mark when it comes to space. You’re not getting a lot more of it without folding the 2nd row, which defeats the purpose. The Urus and RSQ8 didn’t quite fulfill the space requirement either both coming in slightly smaller than the X. I brought the minivan idea to my wife who effectively told me to never bring up minivans again to her. I personally have no problem with them, my first car was the old family minivan. We did look into the Cadillac Escalade and the BMW x7 These cars pretty much nail everything we are looking for, but the Rivian is just a little more exciting to us. After driving an electric car for a while it’s just hard to give up that acceleration you get from electric vehicles. We looked at every single option listed including the e cargo bicycle mention. Thanks for all your input! +So I just found out when my lease is up in November I'll be forced to move. I've had it really good here. I know the landlord and for my portion of the rent and utilities I've only been paying 600 a month. I make around 1200\-1300. I don't see how I can make it into even a studio with what I make. I'm in crises mode now I used to blow so much money . I've had a bad habit of compulsory spending. I'm planning on selling all of my games besides my switch. I've already cancelled my Amazon prime, Hulu, and wow subscriptions. I have no savings besides some crypto. I know this is all pretty vague and I don't expect any perfect answers but I'm hoping for maybe some ideas that might help me. If I left out any important info let me know. + +Edit: I just want to say thanks to everybody posting with ideas and encouragement this sub is awesome +The address (aka address #1) that minted the NFT sent 473,657.64 USDC to an intermediary address (#2). The intermediary address swaps some of that USDC for 1,816.08 SOL. Then Address #2 sends 1800 SOL to a 3rd address. + +The third address makes a bid and wins the NFT for 1800 SOL. That 1800 SOL goes to address #1 (the one that minted the NFT). Then address #1 sends the 1800 to the intermediary Address #2. The intermediary address swaps the 1800 SOL to USDC. + +Blockchains, amirite? + +Credit to user @zachxbt on twitter did the digging here. + +Here it is on the solana explorer: https://explorer.solana.com/address/JB21HTccXiiyZUYpdWxoy1nSu6zbMBVKBQz1if85d7ud + +Here is an article on it: https://www.vice.com/en/article/m7vpx8/analyzing-the-very-bizarre-sale-of-melania-trumps-dollar170000-nft +For the past 15 years I've worked some form of customer service job and the past four years I have been the general manager at a pizza resturant and feel I am severely underpaid (wont discuss pay but lets just say it's less an hour than our biggest size pizza). By general manager I mean I helped get the resturant ready for opening day, run day to day operations (hiring, scheduling, inventory, etc.) Big picture ideas (specials to run, advertising, sponsorships, etc.) And everything and anything in between. I recently discovered a love of coding, currently learning java on MOOC, and know that's what I want to do for a living. If I went back to school I would ask to take on a lesser role at work (with a very minimal pay decrease) so I could afford to take a lesser role to focus on school. My biggest worry is the accumulation of school loans. I've been able to slowly work my way out of debt and I feel like I would be starting over. I know it's possible to continue to teach myself to code and eventually get my foot in the door but college is more of a certainty. Is the debt I will incur while attending college not worth it or should I take on the debt and further my education and start my career in 4+years? + +Edit: thank you to everyone who took the time to give me advice. After hearing from all of you wonderful people and talking to a couple of really close friends, I have decided to go back to school. Two years community college then transfering is affordable and I live close to a good school that i know transfers easily. I wish I had all the gold in all the reddit land to give everyone who took the time to guide me, just know the day I get my diploma I will be thinking about everyone who helped get me there. Back to school, back to school, to prove to dad that I'm not a fool. (I'm old enough to remember when Adam Sandler was funny) + +Edit edit: I'm overwhelmed by the support I've received. I've tried to reply to as many people as I can but I cant keep up. This went from a personal finance question to getting even more motivated to better my career. Thank you. You honestly dont know how much better I feel seeing all these replies of success stories about people going back to school in their 30s. + +For anyone currently feeling stuck in food service, read the replies, you can get out. Dont stay comfortable if you're unhappy and if you're worried about finances like I was, again read the replies. +A survey conducted in my "first-world" country with an extremely (and relatively) high "standard of living" (wooo 🇨🇦!) indicated that [roughly half of us are within $200 of not being able to cover our bills](https://www.ctvnews.ca/mobile/business/half-of-canadians-within-200-of-not-being-able-to-cover-bills-debt-payments-survey-1.5379871) - alternatively, [for every $1.00 of disposable income the average household owes $1.71 in debt](https://www.bnnbloomberg.ca/household-debt-ratio-rises-to-170-7-per-cent-statcan-says-1.1535105) + +So, like most of us I don't have much money to safely ~~gamble~~ invest but I feel absolutely NO FEAR in YOLO'ing my very modest savings on $GME because really, *what's the alternative to the MOASS*? + +Wage-slavery until I'm old and crippled, bitter and broken? + +Spending almost every free moment of my waking life in subjugation and service to the "superior" notion of capital and profit? + +Continuing to participate in a labour market that does not recognize my fundamental value as a human being? + +Sounds like hell exists on earth and I don't want to live in it. I participate only because there is no choice but to participate, unless I thought ending it all was somehow the better option - and sometimes it might seem that way when you stop and consider the world and Humanity's - OUR - place in it. + +I am already going to exist largely "on credit" for the remainder of my short life - if I lose my savings I'm barely any worse off than I was when I started. + +Think I should be scared of "losing it all"? + +LMAYO! + +Jokes on you - I have nothing to lose. + +I'm HODLING $GME until I'm free or I die, whatever comes first. + +Fuck Ken Griffin. Fuck Vlad Tenev. Fuck Steve A. Cohen especially, the ugly fat repulsive fuck. Fuck Leon Cooperman. Fuck Gabe Plotkin. Fuck Thomas Peterffy. Fuck Jim Cramer. Fuck Jeff Yass. Fuck Michael Bodson. + +Get fucked and lick my taint you parasitic skidmarks. + +Welcome to a New Age. + +Meme it to manifest it 🚀🌘 +After pumping Dogecoin for months, Elon flips the script and advises crypto investors to [invest with caution.](https://www.marketwatch.com/story/as-dogecoin-price-tops-60-cents-elon-musk-says-please-invest-with-caution-ahead-of-saturday-night-live-guest-host-gig-11620390114) + +Seems like too little too late. We already know many new investors fomoing into Doge will be burned. + +Seems like a bunch of shenanigans to me. + This trading bot will automatically place trades on the Binance exchange by detecting the most volatile coins in a given timeframe. + +The project gathered significant attention from the GitHub dev community, and have helped to make significant improvements to the original codebase, and I thought you guys might like it as well. + +The code was built with customisability in mind, where each user can modify parameters like: + +* Define what % increase constitues a buy signal +* Time elapsed between price checks +* Trailing stop loss / take profit +* Stop buying when the market is bearish + +In addition to the core functionality, the algorithm is now able to receive and act on external signals which are fully customisable. + +It uses data from Tradingview, and this returns buy signals according to the most relevant indicators. BY default if at least 18 out of 26 indicators agree that it's a good time to buy a certain coin, this will tell the bot to go buy that coin. + +The bot also has a newly-implement pause functionality. It essentially analyses 15 moving average indicators and if half of them show that's a bearish market, the bot will not buy during this period. + +You can also choose and pick any number of custom indicators from oscillators to moving averages and more. Those require a bit of coding, and I'm hoping to make it more user-friendly in the future but the core functionality is there. + +If you're comfortable with Python and would like to inspect the source code please be my guest: + +[https://github.com/CyberPunkMetalHead/Binance-volatility-trading-bot](https://github.com/CyberPunkMetalHead/Binance-volatility-trading-bot) + +Otherwise, if you would like a more detailed guide, and want to try this out start here: + +[https://www.cryptomaton.org/2021/05/16/trailing-stop-loss-and-more-improvements-added-to-the-binance-volatility-trading-bot/](https://www.cryptomaton.org/2021/05/16/trailing-stop-loss-and-more-improvements-added-to-the-binance-volatility-trading-bot/) + +We're currently working on a roadmap to turn this into a working web-app, so there's no steep learning curve for anyone trying this out. You can follow the development progress on GitHub, or here as I will be posting updates on the progress. +I'm 27yo and suspect I'm very behind where I should be financially. + +I didn't start working until my early 20s, and have no real skills - I've pretty much only ever worked by the hour. I dropped out of college (parents' dime and merit grants, so no loans); I don't have a driver's license (no car payment but I have shelled out a few thousand in the past for lessons and failed driving tests). I'm not especially talented at anything. At present, after about 6 years, I have no substantial debt (just regular cc balances), appox 7k in savings, 1k in a Robinhood account because I wanted to experiment before doing real investing, and <1k in an employer-matching retirement account that I started 6 months ago. + +I believe I'm trash with money, especially my food habits (LOTS of premade, packaged, takeout stuff. There's a lot behind that that isn't really relevant here). I'm 100% aware of how bad that is and how much I could save if I ate like a normal person, although I always end up falling back into old habits. More recently I've been rather spendthrift in replacing/upgrading old clothes, shoes, household things. However, from what I read, I suspect making more and investing might be a better option than living in a figurative box to feel rich. + +I'm just not sure where to go. Most advice for my age isn't applicable to me in multiple ways - honestly this post was prompted by some wealth envy of people my own age investing more than I've made in the past 2 years, or making 3-4x as much and trying to figure out what to do with it. I'm somewhat worried about my future too. Family praises me for being a "good little saver", and I'm in better circumstances than a lot of people. But I'm not happy with it and I'm sort of at a loss for what to do other than just grind in my current position. +I am in the process of considering taking a 3 month sabbatical at the end if 2020. I am young (will turn 24 this year), so I will likely have some time to recover in the long run. However, what is holding me back is the fear of the unknown with regards to my net worth, potential salary/earnings, not great prior job history, and employers questioning it + +How I would do it is from the end of August through October (and/or through the time off) apply for jobs and interview. I would leave my current role in the beginning of October and negotiate to start a job in January 2021. + +During the sabbatical I would travel and take courses on R or Python. Would this be worth the risks mentioned above? + +Here is a rundown of my personal situation: + +**Finances**: + +High interest savings account: $26.8k + +Brokerage account: $31.5k + +Roth IRA: $12.5k + +Rollover IRA: $2.8k + +Savings Bonds: $1.3k + +No Debt + +Average yearly spending: $21-24k + +**Job Experience:** + +Worked in current job for just over 1 year at my current job and worked about 7 months at my prior job. +I'm 27yo and suspect I'm very behind where I should be financially. + +I didn't start working until my early 20s, and have no real skills - I've pretty much only ever worked by the hour. I dropped out of college (parents' dime and merit grants, so no loans); I don't have a driver's license (no car payment but I have shelled out a few thousand in the past for lessons and failed driving tests). I'm not especially talented at anything. At present, after about 6 years, I have no substantial debt (just regular cc balances), appox 7k in savings, 1k in a Robinhood account because I wanted to experiment before doing real investing, and <1k in an employer-matching retirement account that I started 6 months ago. + +I believe I'm trash with money, especially my food habits (LOTS of premade, packaged, takeout stuff. There's a lot behind that that isn't really relevant here). I'm 100% aware of how bad that is and how much I could save if I ate like a normal person, although I always end up falling back into old habits. More recently I've been rather spendthrift in replacing/upgrading old clothes, shoes, household things. However, from what I read, I suspect making more and investing might be a better option than living in a figurative box to feel rich. + +I'm just not sure where to go. Most advice for my age isn't applicable to me in multiple ways - honestly this post was prompted by some wealth envy of people my own age investing more than I've made in the past 2 years, or making 3-4x as much and trying to figure out what to do with it. I'm somewhat worried about my future too. Family praises me for being a "good little saver", and I'm in better circumstances than a lot of people. But I'm not happy with it and I'm sort of at a loss for what to do other than just grind in my current position. +With rates the way they are, the Bay Area is slowing quite a bit in terms of sell time for homes. Given that, if there's a preference to buy and sell the old home once moved in, what are options for financing and wrangling the logistics of that if most funds are tied up in less-than-liquid assets? +When, not if, the MOASS happens. Alot of people including myself will begin to see figures in their portfolio that they have never seen before in their life. + +When you begin to see 1m, 2m ,5m,10m,50m and beyond in your portfolio it's important to understand that it's not a race between your fellow apes to see who can sell the fastest before you're left holding the bag and you lose your unrealised gains. This is especially important for those who are new to investing who felt despair on Jan 28th when it went tanked from $400 a share. Trust in the DD, trust in Ryan Cohen, and most importantly, trust your apes. + +People need to remember that all shorts must cover and that the squeeze is not a blink and you miss it event. +The longer you hold out will not only benefit yourself but everyone else in the ape brotherhood. + +It'll be hard to resist but it's because you've been conditioned all your life to consider these huge figures outlandish and a distant dream however you need to start conditioning yourself to accept that this is going to be your life from now on and ALL you have to do is HOLD and 🙌💎 those shares. + +Not much else to say but to hold to infinity and beyond. + +Godspeed apes.🦍🦍🦍 + +Edit: no financial advice, I just eat crayons + +Edit 2: WOW, I woke up to this post blown up, makes me ecstatic knowing that you all share the same mindset. I really wish the best for all of you and hope your lives change for the better. +One of my favorite FIRE related podcasts is [Paula Pant's, "Afford Anything](http://podcast.affordanything.com/listen/)". You can imagine my surprise when I opened Overcast and saw the title of her latest episode with [Suze Orman, titled, "Why I Hate the FIRE Movement".](http://podcast.affordanything.com/153-hate-fire-movement-suze-orman/) + +&#x200B; + +It's a controversial episode to say the least. My first reaction was to feel angst and a bit of disenchantment with what Suze says about FIRE and how 1, 2, or 3 million dollars isn't enough. It took the wind out of my sails for a few minutes until hearing her go to such an extreme with saying expenses could hit a million a year, etc. It's hard to hear someone who is worth $50 million+ rant about how one can't live responsibly on $80,000/yr in order to prioritize freedom, time, etc. + +&#x200B; + +Fortunately, the FIRE community provides solid data, tools, methods and a community to support the mentality that Paula summarizes so well in the last 10 minutes of the episode. + +&#x200B; + +I'm sure Paula would appreciate if most commentary and discussion would take place on her blog, FB, or Instagram, but I just thought I'd get the ball rolling with this amazing community. + +&#x200B; + +\[I have no affiliation with Paula, but just felt as if it was the right thing to do linking her original work. Please correct me if I should't have linked?\] +I work for a company that did $275 million in sales last year. I got a pack of 12 socks. The CEO got gifted a Porsche. + +What’s some of the ridiculous shit you got this year or any year? + +Some of you got a decent one so feel free to post those as well. +I'm in the DC metro area and finding anything out here is difficult, let alone multifamily. I've been kicking around the idea of buying land in another metro area and building duplexes, triplexes, or four unit buildings. + +Has anyone done anything like this? +**SEC FILINGS** + +Form 8-k + +This form is used to report newsworthy events to the SEC, thereby making them available to the public. Included are items such as change in management, change In the company’s name, mergers or acquisitions, bankruptcy filings, and major new product introductions or sale of a product line. A Form 8-K HAS to be filed when a member of the board of directors resign over a disagreement. The 8-K is filed within four business days of the occurrence. This form is used only by domestic issuers, foreign issuers are exempt. Although ADR’s are registered with the SEC, they too are exempt because of the underlying security of foreign issue. + +Form 10-K + +Most domestic public issuers must file an annual report to the SEC on FORM 10-K. This report is a comprehensive overview of the company’s business and financial condition and includes financial statements that have been audited by an independent accountant. Do not confute this with the annual report to shareholders, which also contains and audited financial information than the annual report, while the annual report will have much more detail about the company itself and its future plans. + +The Filing Deadlines depend upon the company’s public float. For Companies with a float of $700million or more, the Form 10-K deadline is 60-days after the close of the fiscal year; $75 million, but not $700 million, it is 75 days; and less than $75 million is due at 90 days. + +Form 10-Q + +Because one year between filings is a long time and a lot can happen quickly, we also have this form, and it is filed quarterly (Q for quarterly). It contains unaudited financial statements and for all but the companies with a public float of less than $75 million, it must be filed within 40 days of each of the first three fiscal quarters of the year (no 10-Q is filed at the end of the fourth quarter—that information is taken care of by the filing of the 10-K). Those smaller firms file theirs within 45 days of the end of the quarter. + +Annual Reports + +When it comes to publicly traded companies, in general, all shareholders must receive a copy of the issuer’s annual report. For those too lazy to access EDGAR, this is the most detailed information they can get on the company’s financial position. Unlike the Form 10-K, this is usually a professionally prepared piece with just as much used for marketing purposes as it is for providing information. There is usually a welcoming letter from the CEO/Chairman of the board, and it is generally loaded with beautiful pictures of smiling people (employees and customers) and the company’s facilities. New plans for products and programs are discussed and voting proxies are included. + +Form S-1 + +SEC Form S-1 is the initial registration form for new securities required by the SEC for public companies that are based in the U.S. Any security that meets the criteria must have an S-1 filing before shares can be listed on a national exchange, such as the New York Stock Exchange. Companies usually file SEC Form S-1 in anticipation of their initial public offering (IPO). Form S-1 requires companies to provide information on the planned use of capital proceeds, detail the current business model and competition and provide a brief prospectus of the planned security itself, offering price methodology and any dilution that will occur to other listed securities. + +SEC Form S-1 is also known as the registration statement under the Securities Act of 1933. Additionally, the SEC requires the disclosure of any material business dealings between the company and its directors and outside counsel. Investors can view S-1 filings online to perform due diligence on new offerings prior to their issue. + +Foreign issuers of securities in the U.S. don’t use SEC Form S-1 but instead must submit an SEC Form F-1. + +Form S-3 + +SEC Form S-3 is a regulatory filing that provides simplified reporting for issuers of registered securities. + +An S-3 filing is utilized when a company wishes to raise capital, usually as a secondary offering after an initial public offering has already occurred. + +In order to utilize the simplified process, firms must first meet a certain set of eligibility criteria.The SEC form S-3 is sometimes filed after an initial public offering (IPO) and is generally filed concurrently with common stock or preferred stock offerings. + +There are a variety of other requirements that must be met for a business to file the S-3 form. In the 12 months prior to filling out the form, a company must have met all debt and dividend requirements. The SEC Act of 1933 also requires that these forms be filed to ensure that essential facts about the business are disclosed upon the company’s registration of securities. Doing so allows the SEC to provide investors with specifics about the securities being offered and works to eliminate fraudulent sales of such securities. + +Form 4 + +SEC Form 4: Statement of Changes in Beneficial Ownership is a document that must be filed with the Securities and Exchange Commission (SEC) whenever there is a material change in the holdings of company insiders. Insiders consist of directors and officers of the company, as well as any shareholders, owning 10% or more of the company's outstanding stock. The forms ask about the reporting person's relationship to the company and about purchases and sales of such equity shares.Form 4 must be filed with the Securities and Exchange Commission whenever there is a material change in the holdings of company insiders .If a party fails to disclose required information on a Form 4, civil or criminal actions could result. It must be filed within two business days starting from the end of the day the material transaction occurred. + +Schedule 13D + +The Schedule 13D is also known as the "beneficial ownership report" and is required when any owner acquires 5% or more of the voting shares in a company. The report must be filed within 10 days of reaching the 5% threshold. It provides the following information: The acquirer's name, address and other background information, Type of relationship this owner has with the company, Whether the person has been convicted of a crime in the past five years. An explanation of why the transaction is taking place, The type and class of the security, and The origin of funds used for purchases. + +Form 144 + +Form 144 is required when corporate insiders want to dispose of company stock. The Form 144 is a notice of the intent to sell restricted stock, typically acquired by insiders or affiliates in a transaction not involving a public offering. The stock is restricted because it must meet certain conditions before becoming transferable. The transaction, or at least part of it, is made within 90 days of filing. Form 144 is required when the amount sold during any three-month period exceeds 5,000 shares or $50,000. + +Initial Public Offering (IPO) + +A corporation’s first sale of common stock to the public. + +Secondary Offering + +A Sale of Securities in which one or more major stockholders in a company sell all or a large portion of their holdings; the underwriting proceeds ae paid to the stockholders rather than to the corporation. Typically, such an offering occurs when the founder of a business (and perhaps some of the original financial backers) determine that there is more to be gained by going public than by staying private. The offering does not increase the number of shares of stock outstanding. + +Regulation D (Private placements continued.) + +The provision of the Securities Act of 1933 that exempts from registration offerings sold in private placements. Rule 506(b) limits the Sale to a maximum of 35 NON-accredited investors during a 12-month period with no advertising permitted, while Rule 506(c) permits advertising but requires that all purchasers be accredited investors. + + +Accredited Investor - As defined by Rule 501 of Regulation D, any institution or individual meeting minimum net worth requirements for the purchase of securities qualifying under the regulation d registration exemption. An individual accredited investor is generally accepted to be one who, individually or with spouse, has a net wort, excluding the net equity in the primary residence, of $1 million or more, or has had an annual income of $200,000 or more in each of the two most recent years (or $300,000 jointly with a spouse), and who has a reasonable expectation of reaching the same income level in the current year. + +SEC Rule Change Effective 12/08/2020 -- Individuals who hold the Series 7, Series 65, or Series 82 Licenses, are now considered accredited investors by qualification. + +There are more but these are some of the essentials to know for any active trader. + + +Edit: 0 days to 40 days for 10q filing, form S-4 to Form 4, and added accredited investor information with link to EDGAR. [https://www.sec.gov/edgar.shtml](https://www.sec.gov/edgar.shtml) +[https://www.bloomberg.com/news/articles/2022-09-06/energy-trade-risks-collapsing-over-margin-calls-of-1-5-trillion?srnd=premium](https://www.bloomberg.com/news/articles/2022-09-06/energy-trade-risks-collapsing-over-margin-calls-of-1-5-trillion?srnd=premium) + +**Excerpt from from the article...** + +*“Liquidity support is going to be needed,” Helge Haugane, Equinor’s senior vice president for gas and power, said in an interview. The issue is focused on* ***derivatives trading****, while the physical market is functioning, he said, adding that the energy company’s estimate for $1.5 trillion to prop up so-called paper trading is “****conservative.****”* + +[*Read more: Europe’s Lehman Warning on Energy Prompts Flurry of Cash Help*](https://www.bloomberg.com/news/articles/2022-09-06/europe-s-lehman-warning-on-energy-prompts-flurry-of-cash-help) + +*Many companies are finding it increasingly difficult to manage* ***margin calls,*** *an exchange requirement for extra collateral to guarantee trading positions when prices rise. That’s forcing utilities to secure multi-billion euro credit lines, while rising interest rates add to costs.* +Does anyone actually care about the price before MOASS now? We know we were right about spoofing, internalization, the reported si being completely fake, the cost to borrow being manipulated, more synthetics than ever, DRS working. Untill phone numbers, I don't see a reason 🤷🏽‍♂️ +Alright, so I'm sure many of you may have u/dlauer's [tweet](https://nitter.net/dlauer/status/1523747775581933568?s=21) the other day about the UST $1 stablecoin losing its peg and falling, at one point, to as low as 60 cents. It is still well below its peg, and had temporarily recovered into the 90s before dropping to the 60s once again. It currently sits at about 80. (Edit: lol I wrote this right before it crashed into the 30s overnight.) Well I, of course, immediately wondered if this was related to GME. Spoiler alert: signs point to yes. + +[UST chart](https://coinmarketcap.com/currencies/terrausd/). Please take a look at the all time chart. You can [see the sneeze](https://i.imgur.com/7Hjn3pp.png). In a stablecoin. What even. + +For reference, compare it to another USD stablecoin, like [USDC](https://coinmarketcap.com/currencies/usd-coin/) which had no reaction at all to the sneeze. In fact, as far as I can see, *no other USD stablecoin had any reaction to the sneeze*, including USDT, Tether, the sketchiest of all. There are quite a few USD coins and I can only inspect so many, but dozens of the largest market cap coins showed nothing, besides UST. If you want to look yourself you can find a list [here](https://coinmarketcap.com/view/stablecoin/). + +But these aren't the only times this coin has lost its peg, it's been lost by more than 1% (1 penny) on 5 occasions. The list of dates is eye-popping: + +* 12/29/20 (down) +* 1/10/21 (up) +* **1/27/21-2/2/21** (up, and remained elevated for several more days afterward but not quite at 1%) +* 5/19/21-5/24/21 (down, deepest dip on 5/22 immediately at the start of GME's June runup to 300) +* 5/9/22-5/11/22 (down, by far the farthest off peg it's ever been) + +But wait, there's more. Because there aren't just anomalies in the price chart, there are anomalies in the volume chart too. Aside from the this new fiasco, the biggest volume candle UST ever had was on... + +* 1/27/22 + +As in, the anniversary of the sneeze. To the day. 1/27/22, like most days for a stablecoin, saw no price action, yet somehow it had vastly more volume than the previous times UST had unpegged. And there was above normal volume for several days leading up to it too. + +Ooookkkkk..... + +I know only the basics of crypto, and even less about stablecoins (beyond this [excellent DD on Tether](https://www.reddit.com/r/Superstonk/comments/qr7cow/tether_the_nuclear_bomb_that_hides_the_chinese/)), but this certainly warrants further research by crypto apes. + +On 5/9/22 at 8:43 AM, CNBC published [this article](https://www.cnbc.com/2022/05/09/what-is-terrausd-ust-and-how-does-it-affect-bitcoin.html). In it, they fret about what would happen if UST lost peg and what it would mean for 🅱TC. Why don't we take a look at what was going on [in the chart at that time](https://i.imgur.com/kvCFk7K.png)? Now this part is pure speculation, but what if they knew that the peg would be lost in a big way several hours later, and wanted to get in front of it and create the narrative of "It's nebulous crypto stuff like 🅱TC, ignore it," since this would be better than people asking why this coin has so many curious coincidences with GME. + +So yeah. I decided to look into this on a total whim and found way more than I ever imagined. Someone please help. + +Edit: [Here's a guy on twitter who claims to know what happened.](https://nitter.net/OnChainWizard/status/1524123935570382851#m) Take it for what it's worth. + +Edit 2: bonus fact courtesy of u/1800smellya: Did you know that 🅱TC's highest volume day ever, by a long shot, was 2/25/21? What was going on that day? Probably nothing. + +Edit 3: Here's a [more in-depth account of what allegedly happened](https://0xfoobar.substack.com/p/partially-collateralized-algostables?s=r). This has now murdered the corresponding LUNA token, which has essentially gone to zero. UST will likely be next. +Hi everyone, I’m 29 and over the last year I’ve been hellbent on turning my financial life around after finally going to school and getting a good job. I know 29 is young all things considered but I do feel I’m lagging behind where I should be financially if I were to have started in my early 20’s + +Right now I’m contributing 8% of my pay with a 4% company match into an RRSP and about $500 bi-weekly into a TFSA. All that money so far has gone into very risky stocks and although I really like those companies, I’d like to start investing into ETFs. + +I’m looking for ETFs that have the most growth potential for the next 5-10 years and then I’ll look into moving it into even safer avenues. As I mentioned before I am newer to investing and recently learned about leveraged ETFs and I believe this is what I’m looking for. So far I’ve looked into TQQQ, UPRO and QLD but I’m definitely open to advice. + +I don’t know if ETFs commonly pay dividends but I’m looking for something that doesn’t pay dividends so I don’t need to worry about taxation. + +Thanks! + +EDIT: I’d like to mention that I would also probably like to eventually start selling covered calls on my shares once I start having increments of 100 owned, if that helps at all. +I am 36m, single, living alone in Maryland, and have been unemployed for the past year. The job I had ended when my store location closed, and they were unable to place me elsewhere. I tried to find work at that time, but had no luck. I was also dealing with other medical and family issues at the time, so I put off trying to get a job for a bit. I was living off unemployment until that ran out, then what money I could withdraw from my 401k, which is pretty much gone. I had no savings. + +I felt a lump in my neck late last year, which I finally got checked out in April, and was then misdiagnosed as an issue with my salivary gland in May. After waiting on biopsy results and my surgeon going out of the country for a bit, my surgery was scheduled for the beginning of August. During the surgery, the surgeon realized it was actually my lymph node that was swollen, and not the salivary gland, so the lymph node was removed. I had Non-Hodgkins Lymphoma in a different lymph node when I was 18. Was treated and in remission. Yesterday, I got the results of the removed lymph node that was just removed, and it was Hodgkins Lymphoma. + +I have zero income right now. I have been applying for jobs left and right before this diagnosis, but now I am not sure what to do, as I know how miserable and time-consuming chemotherapy will be, and have no idea low long that will take. I also now have a large and swollen scar on my neck from the surgery, and my speech is slightly slurred due to muscle damage from the surgery causing my lip to not really move when talking or eating. I'm at a loss for what to do or who to turn to. I have state health insurance since I am unemployed, but I'm trying to see if anybody has advice on income streams in the mean time or ways to cover bills until I'm in a better position to get a more normal job. +Are there non medical professional paths to fatfire in unconventional cities? I grew up in a stereotypical fatfire city and have spent my whole career working in such cities as well. + +I totally get how you get to fatfire as a non medical professional in New York or Houston or Singapore or San Francisco or London. + +I totally get how you get there as a medical professional anywhere. I also get how you get there as an entrepreneur anywhere. + +How do you do it as a professional somewhere unexpected? Is it just a matter of working for one of the few places in your city that pays well like Cargill in Wayzata or Walmart in Bentonville or a Big 4 anywhere? +My personal experience/DD with $BINGUS and why I think it will BOOM + +I’ve never done a Moonshot post before and I never really thought I would However, the recent market hit has set in motion a chain reaction of Rugs left right and centre. For that reason I wanted to reach out and suggest a coin which, after having been invested in it for a month, I firmly believe will boom from here. + +QUICK STATS: + +Type: charity coin Market cap: ≈$10Million Tokenomics: 3% Buy/sell- 1%Charity Wallet 1%burned 1% liquidity + +BACKGROUND: + +I first found BINGUS around a month ago, at that point I had pretty much lost all faith in Shitcoin trading. Having spent 5 months chasing 20-40% profit margins, a friend told me about the crazy potential of BSC coins. Aaaand, like a moth to a light it didn’t take me long to fall into the snare of scam. After being stupid and putting too much into a coin which in hind sight, showed a lot of red flags, I fell into a panic cycle of trying to recoup losses as quick as I lost them. It didn’t work out, and I lost even more. At this point I was ready to exit crypto entirely. My last bet was BINGUS. + +I saw it promoted on some random telegram group and I bought it with zero research. I sold it again after an hour once I saw it dip, but continued to lurk in the telegram group. After a while, and having many questions answered, they won my trust over and I went all in. Since then, I have never felt more confident in my investment and its safety. + +So, that’s how I got to bingus, here is why I believe it’s an awesome investment: + +1- THE CAUSE: BINGUS is registered as a non-profit LLC that donates to charity, that’s around a month and a half old. Its prime objective is to use the cyber world of cryptotrading to create a positive, real world impact for animals in need/ animal shelters. In my experience, these shelters are nearly always underfunded and are forced to make tough decisions daily on how to allocate their funding best help animals with the worst conditions imaginable. Since it’s launch, BINGUS has already donated just shy of $70,000 to various shelters and charities around the globe. More than most of the people I know earn in a year. + +2- THE COMFINESS: Of all the low cap coins I’ve ever held, I’ve never felt so secure holding a coin like now. The coin is straight up rugproof, liquidity is locked and the DEVS are doxxed. The main face of BINGUS is MIKE. He is a living legend who has invested everything to ensure bingus has a bright future. With a background in the Hollywood film industry, he has the contacts no one else in the shitcoin world can get to. + +3- INFLUENCERS BACKING THIS PROJECT: the bingfluencer is an ever growing list with more incoming but here is who we have so far. ROCKY KANAKA- YouTube/Netflix star who is a well known animal rights advocate, he’s already posted a 20 minute video in his YT(2.38M followers) MOIST CRITICAL- twitch streamer (2.7MIL followers) has openly shouted out bingus on stream multiple times and proudly holds BBNO$- charting rapper and bingus lover rakes in 8.8 million monthly listeners on Spotify. Oh yeah, he’s also made 2 SONGS about bingus, they’re on his SoundCloud. MICHAEL RAINEY JUNIOR- Actor and star of POWER tv show, has already shouted BINGUS out to his 1.7 MIL followers on Instagram. + +4- CEX LISTING: earlier this week bingus launched on HOTBIT and later this week (fingers crossed tomorrow) it will also launch on Probit. If you’re wondering why the market cap for bingus is still so low, it’s because we’ve been waiting until we got more listings to market the shit out of it. Bingus’ main target is normal people, for our marketing strategy to be effective we needed it to be as easy to buy as possible. Now that that’s happened, get ready to see the power of real world marketing from trust worthy people + +5- THE COMMUNITY: after a month in the Bingus TG I can tell you it’s unlike any others I’ve ever been part of. Everyone is really friendly, and extremely levelheaded by crypto standards, they’ll answer any and all questions you have about the coin. I’ve also never seen a coin TG with a DEV as active as MIKE, he responds to a lot of questions and sends multiple video updates daily in the group. Everything is done as transparently as possible, I’ve never been lied to by the devs about anything. Nothing is announced unless it is 100% happening. + +THE FUTURE: currently Bingus team is working like crazy behind the scenes to set some things up like: an actually unique roadmap, game partnership with DOGIRA, more onboarding of influencers, new farming opportunities, MORE listings, and so much more. ask about it in the TG + +WOW, that was long... what can I say, I love this coin. If you do anything after reading this, just join the telegram group and get a feel for the community and ask as many questions as it takes to convince you this is a good investment. + +LINKS: + +Instagram: https://twitter.com/BingusToken + +Twitter: https://twitter.com/BingusToken + +Webpage: https://bingus.io/ + +Telegram: Link on website +The car is dead. We got the title to it about a month ago. + +Husband was driving on the free way, car lost power and started emitting blue smoke, he got it home though. It’s a 2009 Mini Cooper S with 82k miles on it. We did maintenance on it, oil changes, etc. it could be the pistons or a head gasket. Of course it’s something that will end up costing us more than the car is worth. + +Why is life like this? We were so excited to be done with that horrible loan and to pocket the money or use to pay other debt quicker. Now the car is sitting in the drive way. We have my car that I locked in low payments and interest on before Covid hit and my credit went to shit when I lost my job which is saving us but now I’m without a car and I’m looking for work. Makes it way more difficult. + +This is why we can never get ahead. I’m so sick of this happening. Every time we celebrate a small win we are hit with something like this. + +Edit: since some people are missing the point of this Vent post, let me clarify. It doesn’t matter what kind of car it is. He got the car he wanted. The car ran great until it died. It’s the fact that we just paid it off, thought we got ahead in life. Got rid of a high interest debt! We were happy and then Bam, just like that another expense hits us. We are still recovering from paying it and don’t even have enough saved, yet. + +I was venting my frustration out that it died when it did. + +However, thanks for all the kind words and advice. Life sucks, I get it. I was just venting. +FatFire appropriate + +[https://medium.com/@yunfangjuan/real-life-angel-investing-returns-2012-2016-b33425fcb816](https://medium.com/@yunfangjuan/real-life-angel-investing-returns-2012-2016-b33425fcb816) + +Followup post: + +[https://medium.com/@yunfangjuan/real-life-angel-investing-returns-2012-2016-crowd-funding-edition-f754ddc0ad99](https://medium.com/@yunfangjuan/real-life-angel-investing-returns-2012-2016-crowd-funding-edition-f754ddc0ad99) +[The Market for Lemons](http://www.iei.liu.se/nek/730g83/artiklar/1.328833/AkerlofMarketforLemons.pdf). + +This week's article was nominated by /u/Dirk_McAwesome + +> It barely needs introduction ([it even has its own wikipedia page!](http://en.wikipedia.org/wiki/The_Market_for_Lemons)) but I think it's a very good fit for this subreddit. The paper's conclusions are understandable but counterintuitive to somebody who hasn't read the paper. + +> Information asymmetry is something which I've heard economists accused of ignoring so I'm sure it will lead to a good discussion. + +*** + +Articles of the Weeks for May 2014: + +5/18 - Moral Hazard vs. Liquidity and Optimal Unemployment Insurance (Chetty) + +5/25 - Escaping a Liquidity Trap (Svensson) +Were all traders here. You've read all the books, taken multiple courses on the topic and still struggle with doing the easy things. How have you guys overcome this? + +Below is a list of easy yet sometimes the most difficult to perform day-in and day-out. + +1. Develop trade plan +2. Stick to trade plan +3. Set stop loss every order +4. Understanding position size +5. Risk management +The decade is almost over — and one incredibly volatile investment stood out from all the rest as the best of the 2010s. Want to guess what it was? + +Bitcoin. If you invested $1 in bitcoin at the start of the decade, it would now be worth more than $90,000. + + [https://edition.cnn.com/2019/12/17/investing/best-worst-investments-decade-bitcoin/index.html?utm\_term=link&utm\_medium=social&utm\_source=twbusiness&utm\_content=2019-12-19T20%3A15%3A09](https://edition.cnn.com/2019/12/17/investing/best-worst-investments-decade-bitcoin/index.html?utm_term=link&utm_medium=social&utm_source=twbusiness&utm_content=2019-12-19T20%3A15%3A09) +I've been putting a lot of hours in at my job and have saved a total of $23,500 dollars as of now. My parents are encouraging me to put the maximum contribution (6k) to a roth ira but I really am unsure. My college will be paid for through my job so I dont have to worry about that. But honestly I really just want to move out ASAP and this seems like a lot of money that will delay my goal of moving out when I turn 18. + + +What do I do? Any tips or general advice? Should I just keep saving? +We are now over 8 years in to a global bull market that has seen very few pullbacks over the entire duration. With a CAGR of close to 15%, and a total return of approximately 300% since the March 2009 market bottom, a huge swath of new investors (including many on this sub) have not experienced what its like to live through a bear market (myself included). + +&nbsp; + +Assuming most people here do not earn real wages until they are 22 (college graduate), you would at this point need to be 30 years of age to have even been in the working world during the tail end of the 2007-2009 GFC and subsequent bear market. To have had any appreciable nest egg at that point under normal circumstances, you would have had to have been working for at least ~4-5 years before 2007, now we're at age 36-37. Using the 2016 survey data as a guide, I'd say that no more than 20-25% of users were at an age that they would have personally felt the financial turmoil caused by a 16 month 50% draw down. In fact, many popular bloggers that I follow (MMM, RoG, GCC, frugalwoods, madfientist, etc) did not fully experience the down turn either. + +&nbsp; + +Now with all of that history/speculation out of the way, I come to my point. From reading this board over the last few years, I would wager that a huge amount of users are at or near 100% equities. I am not suggesting this is a bad idea, I am just questioning the prudence of such a decision without the first-hand experience of a full on bear market. It is one thing to claim that you will 'buy on the way down', 'not panic-sell', 'see it as a buying opportunity', etc. It is another thing all together to actually stick to your plan while you are losing hundreds or thousands every day, for days, weeks, months on end. I am sure that many investors pre-2000 and 2008 also told themselves these same things, before cashing out at the worst possible time, and staying out of the market for years. + +&nbsp; + +I would love to claim that I am going to act appropriately through the next down turn, but with no personal experience to back that up, I do not know for sure what my true risk tolerance is, or if I'll be able to put my money where my mouth is. I started investing in August of 2013, so I personally have less than 4 years of market experience. This fact certainly had an impact on my personal asset allocation, and why I choose to hold more bonds/cash than many others my age (currently 53% stocks, 34% bonds, 12% cash, with an AA target of 70/30 at 28 years old). + +&nbsp; + +I have read many past accounts of what it was like during 2007-2009, mostly from old bogleheads.org posts. Some renditions are truly frightening. Many lost their jobs, homes or half their portfolios (some all three). The financial media was full of doom and gloom. Article after article predicting further disaster, economical turmoil, uncertainty, etc. You would have needed an iron stomach to stay the course. Many were able to, to their credit, and were handsomely rewarded. Many more were not so lucky. + +&nbsp; + +I would like to hear some responses from investors that have experienced major market down turns, be it 2008, 2000 or before. What did it feel like? How were you invested at the time? What did you do? I would also like to hear from those that fall into the younger crowd that are 90-100% equity. How will you insure that you do not make unwise financial decisions when your portfolio loses 30, 40 or 50% over the course of a year or two? + +&nbsp; + +As Larry Swedroe opines, everyone has their own individual need, ability and willingness to take risk. In not so many words, I am asking you to justify yours. Thank you all. +My son just turned 5 and I would like to save up for his future higher education expenses (college, university, or vocational school). + +I've been researching 529s and Roth IRAs (I have a Roth 401k through my employer), but am on the fence on which one to choose. + +How do you save for your child's higher education and why did you choose that method? +Just now getting into theta gang strategies. For those of you who do it full time or plan to retire off selling options, what was your plan? How much premium do you collect to call it a livable week? I’m looking to retire off selling contracts for premium but I would like to hear how much you guys trade with. What percentage of your earnings do you keep in your account for growth and how much do you pull out for expenses? What’s a healthy annualized rate of return for you to keep doing it full time? + +Thanks! +&#x200B; + +[Recorded on 17th of January through shodan.io](https://preview.redd.it/lnig8pgm5ud81.png?width=953&format=png&auto=webp&s=c8ef7d26d9071936e986b7e4d0cbfe65951966cc) + +Despite people saying Banks don't get into crypto, it's interesting to see the Royal Bank of Canada running a Bitcoin-Node. + +Also to note is the statement from RBC's website regarding cryptocurrencies: + +"Important Information regarding cryptocurrency transactions + +Effective immediately, RBC will no longer be allowing the use of RBC credit cards for transactions involving cryptocurrency. We regret any inconvenience this may cause." + +Why should the RBC run a Bitcoin-Node and not allow it's own customers to trade cryptos? +2014 Jeep Wrangler. Engine was knocking so I took it to the shop, and they’ve determined I need a new engine, with parts and labor they say it will be just shy of 13k. KBB says it’s worth about that much, I’m not sure if I’m better off spending less than 13k on something much more used and hopefully more reliable and just paying on a heap of scrap or just dump that money into the Jeep and hope for the best. Looking for any insight from anyone that has been in a similar situation. I am shopping around to see if I can get a second opinion and if I can get it done cheaper. + +Edit: 116k miles, oil filter cooler replaced less than a year ago by a bud if that’s relevant at all. I clearly don’t know much about vehicles. The initial quote was from Pepboys for 13k, the dealership said they could do 8.8k, gonna shop around and see what some independent shops can do. + +I think I poorly worded my initial post. What I’m wondering is what is financially most prudent? Should I try to repair and sell, repair and ride out hoping for the best, trade as is (if that’s even an option to avoid repair costs upfront). Not trying to be obtuse, I’ve lurked this sub for a while and I just hope to make as financially sound a plan as possible from where I’m at if that makes sense. Sorry for any confusion and thank you for any and all advice. +Tell someone who hates their job or who is struggling with money that they can live off unlimited borscht in Siberia on 85 kopeks per day and they'll start packing their bags before bothering to find out that they hate beet soup or that there's no Bed, Bath & Beyond in Irkutsk. + +It's honestly pretty crazy - but you see it all the time. + +There are tons of folks who don't have a passport but are all-in on moving to Cambodia or the Philippines the moment their portfolio can generate $500/month. It's such a poorly thought-out plan that it borders on delusion. + +(Cuz I heard you can live like a king over there on that - which you can't but that's a different rant.) + +Short and sweet - if your primary motivation for moving overseas is to stretch your money, it's very likely that you're going to hate it. + +That's not to say the financial benefits aren't real. Of course they're real. Exaggerated by disingenuous and/or pseudo-homeless bloggers - but real. + +The thing is, though, cheap rent, food and drink isn't really enough to satisfy your soul for a lifetime. + +To make the expat lifestyle work, you've got to love it for reasons other than 3/$1 tacos. + +So here's my simple test: + +Close your eyes and imagine that you've just won $10M in the lottery. + +Now that the world is your oyster. Where would you want to move to? + +If your answer is in your home country, then it's probable that you don't possess the innate adventurous spirit that should be driving the wheel instead of your balance sheet. + +If your answer IS in a foreign land, though, and you'd totally be on board with emigrating when money no longer comes into the equation, then digging deeper into the concept of retiring overseas is worth your while. Sure, sans lottery winnings you may have to shift gears from Monaco to Moldova but at least you're on the right track. + +\* The one exception is people on a very low fixed income and no real option to earn more - but this doesn't really apply to this community. In this case people may be happier to move out of poverty and into comfort even if their true preference would be to stay put and have an extra grand coming in each month. + +EDIT: I think that most people are understanding this but just a quick edit here. I am NOT suggesting that this simple test is sufficient to determine whether or not you are suited to move overseas. Clearly such a huge decision will need to be analyzed from many angles. It's more a roundabout way to get you thinking, "Do I really want to live overseas or am I creating a false fantasy because it's so cheap?" I am mostly directing this notion at those who ONLY became interested in moving abroad when they learned about the potential cost savings. I also see, in retrospect, the fallacy in the test in that $10M would create a hypothetical beyond the bounds of reality. I agree that this test is imperfect but I didn't intend for it to be taken literally, per se. +I've done some top quality TA. This is both equal in quality analysis for both TA AND NFT level. But of course unless you have own the NFT, you AREN'T ALLOWED TO LOOK AT THIS. + +&#x200B; + +So please ~~give me all your money~~. Get great value. today + +https://preview.redd.it/xgr9ls5b6qq81.png?width=1245&format=png&auto=webp&s=455b78a2dc121ad5244d9e197e62569c5b179929 +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +What are your thoughts on how this will effect the market. Are we looking at a surge in energy and mineral producers? Also Cyber security could be something to keep in mind. Does anyone else pre-empt this or is it too hard to pick until it happens? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Lrs bag holder here from way back, averaged at .08 currently sitting at 48% profit. Apparently they have found a “significant site”? Also hearing a lot of chatter with people expecting it to rocket. I’ve never bought into a mining/explore company before. + +Previously reported1 drilling intersected high-grade lithium bearing pegmatites at Northwest Alto, including: +○ LCRC004: 3.0m @ 2.98% Li2O from 90m +○ LCRC002: 4.0m @ 2.3% Li2O from 30m +○ LCRC001: 6.0m @ 1.62% L12O from 18m + + +I’m no expert but these numbers are fucking great right? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Bitcoin, Ethereum, Litcoin are all gonna have explosive weekends. All those folks who heard about crypto during the workweek are finally getting home with free time to sign up and buy. Bitcoin - $2750, ETH-back to $400. Right now it looks like LTC is going huge, but wait for the post-$50 dip as long term holdrs take profits before you buy yourself. + +Second, don't listen to any rumors about Segwit fork for Bitcoin. They need 95% consensus to segwit, and last I checked they had 40%. Even if it was the best idea on Earth, you will find in any group AT LEAST 10% jerkwads who will say no to any idea just to entertain themselves by pissing off the rest of the group. There's no convincing them, and they want to watch you drive yourself insane trying to convince them. Unless that consensus rate metric is lowered they will most likely never fork. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +[Link](http://www.businessinsider.com/bitcoin-ethereum-ripple-cryptocurrency-prices-fall-on-january-16-2018-1) + +It'll be interesting to see if this is contained to cryptocurrencies; could it affect stocks? +Should I ramp up how much I'm contributing? Seems like an easy thing a layman like me can do. Should people adjust their contribution percentage based on how the market is performing at this or that time? If, in the end, the value always goes up, does it not make obvious sense to go hard right now? +Some **important notes** about analysis +1. Analysis was done from **1st of January** of each corresponding year till **31st of December** of the same year + +2. **KSM**, **AMP**, **SHIBA** *ICO* price was not found, therefore the *ICO* price was used from the earliest historical data from ***CoinMarketCap/CoinGecko*** + +3. ***n/a*** means that a coin was **not released** that year + +4. If a coin was released, for example, in **July 1st 2018**, then the analysis of that year was done from *the date of ICO till 31st of December of the same year* + +5. Coins were sorted from the most ***ROI*** from the *ICO* date till **30th of October 2021** +6. Bitcoin didn't have ICO, ICO in the table for BTC means the first day you could have bought it, which was $1 for 1309 BTC, same with XRP, Uniswap, Monero, they had no ICO + +https://imgur.com/a/AKG8M1e + +Key takeaways + +1. **Bitcoin** has the most ***ROI*** from *ICO* date, but compared to other coins, gives less **ROI** each year, still a solid investment +2. **Ethereum** gives better returns than **Bitcoin**, but is worse in ***Bear Market*** +3. **Shiba Inu** has pumped only this year. In **2020** it **lost value significantly**, which means maybe after this bull run, it won't give any ROI anymore. Still hard to analyze with only 1 year of history +4. **Axie Infinity, Solana, Kusama, Polkadot, Helium, Aave, Avalanche, Pancakeswap, Uniswap, Sushiswap, Injective Protocol, Arweave** all were *ICOed* in 2020, and in a span of ***1,5 years*** they gave insane returns, if they continue with the same pace, you can ***10x*** your money in the future +5. ~~**AMP** *ICOed* in 2020 and is ***the only coin*** in this table that gave ***consistent negative returns***~~ +6. Our beloved **Algorand** have a negative ***ROI*** from the *ICO*, but if you were buying the dip, you should be good +7. **Litecoin** is like a little brother of Bitcoin that doesn't get any toys. It gives consistent positive ROI but compared to others, it is really little return +8. **Technically almost every coin has pumped at least 500% this year** + +EDIT1: NANO price was 0 at ICO in 2015, this means the return is infinite. But there was a cap for how much you could have gotten, in the evening I’ll fix it, we would count it as it was ICOED at 0.001 + +EDIT2: Nano ROI was fixed + +EDIT3: AMP ROI was fixed + +EDIT4: Looks like i got into news, lol + +https://finbold.com/bitcoin-remains-the-king-of-roi-despite-hyped-meme-coins-study-shows/ +I started investing in real estate about 18months ago. My score was excellent when I started but I’ve had 5 inquiries since then (bought 3 properties and opened 2 credit cards). + +As expected, my score dipped a little with every inquiry and even more once the new loan accounts hit my report. It typically takes 4-5months to get back up. The bank told me that the credit report is good for 4months and I can avoid multiple inquiries if I apply for another loan within that timeframe but I’ve had legitimate reasons for not being able to buy properties back to back (e.g. high competition and unexpected setbacks) + +Right now, my score is back up from the last purchase (not as high as 18months ago but still high 700s) but my rating on inquiries reads “fair”. I’m not too concerned about this as long as the bank would still give me a loan at a decent rate. + +Does anyone have any experience with this? Will the number of inquiries hurt my chances and/or rates? +And full disclosure, I’m living in one of the 5. I got some encouragement from redditors that I’m very grateful for on this deal, basically saying “it’s not a home run, but you’ll be able to get in there and figure out how to make it work.” + + +3.37% rate as an owner occupant. +Purchased at 277k. +Appraisal came in at 300k. + + +I don’t like to post this stuff on social media bc I like a little privacy. I feel good sharing annon on reddit though. Overall portfolio valued a little over 900k now. 37% equity 63% leverage. Would like to be at or slightly below 30% equity for the whole portfolio, so who knows... maybe I’ll be shopping again sooner rather than later! + + +I’m going to take some time to enjoy this and improve the house (1961 in fair condition) I just moved into. Idk if it’s my forever home, but is a ranch style (my favorite), on a quite street, 2400 sqft, 1/2 mile from my job. The second unit is just basically an efficiency, detached, renting for $625- may consider airbnb-ing it if I can scrape up some $ for a small renovation. Idk if that’s a good idea- might be better off just taking the $625. + + +I think this sub is my favorite of all the online real estate stuff I look at- I appreciate the insights and opinions! The community definitely helped me clear the mental hurdles to get this one locked down! Where do I take it from here? +In this post I will go in-depth on: + +1. How Tether got to be what it is today + +2. Why Tether's market cap is a lot more than 0.5% of the total market cap for crypto you see on CoinMarketCap + +3. Tether printing timing + +4. Tether reserves + +5. What could happen to the market if Tether is found to not be backed by reserves + +Tether is incredibly important to the cryptocurrency market ecosystem and I've noticed far too few people understand what is going on. + +Very little actual discussion of the 2nd biggest crypto by volume happens here and whenever someone starts a discussion they most often got slapped for "FUD". Tether themselves recently hired the major New York based PR firm 5W to spread positive information online and take down critics, I'm sure some of their operatives are probably on Reddit. + +But its absolutely critical you understand the risks behind Tether and especially now with the explosion in reserve liability, breakdown in relationship with banks and their auditor and recently announced subpoena. + + +#What exactly is Tether and what happened so far? + +Tether is a cryptocurrency asset issued by Tether Limited (incorporated in the British Virgin Islands and a sister company of Bitfinex), on top of the Bitcoin blockchain through the Omni Protocol Layer. It is meant to give people a "stablecoin", for example a merchant who accepts bitcoin but fears its volatility could shift bitcoin into tether, which can be easier to do than exchanging bitcoin for dollars. Recently they've also added an Ethereum-based ERC20 token. Tether Ltd claims that each one of the tokens issued is backed by actual US dollar (and more recently Euro) reserves. The idea is that when a business partner deposits US dollars in Tether’s bank account, Tether creates a matching amount of tokens and transfers them to that partner, it is NOT a fractional reserve system. + +Tether makes the two following key promises in its whitepaper on which the entire premise is build: + +> Each tether issued will be backed by the equivalent amount of currency unit (one USDTether equals +one dollar). + +>Professional auditors will regularly verify, sign, and publish our underlying bank balance and financial transfer statement. + +Tether is centralized and dependent on your trust of Bitfinex/Tether Limited, and that the people behind it are honest people. For the new entrants to this market it will be greatly beneficial understand the timeline of Tether and their connection to Bitfinex. + +A brief timeline: + +* Bitfinex operators Phil Potter and CFO Giancarlo Devasini set up Tether Limited in the British Virgin Islands, but told the public that Bitfinex and Tether are completely separate. Throughout 2015 and 2016, the amount of Tether stays relatively flat. + +* In August 2nd, 2016, the second-largest digital currency exchange heist in history happened, when Bitfinex lost nearly 120,000 bitcoin. Bitfinex never revealed full details of the hack, but BitGo (the security company that had to sign off on the transactions) claims its servers were not breached. + +* Just 4 days after the hack Bitfinex “socializes” its losses from the theft by announcing a 36 percent haircut for almost all of its customers. In return, customers receive BFX tokens, initially valued at $1 each. + +* Two weeks after the hack Bitfinex announces it has hired Ledger Labs, to investigate the theft and perform a financial audit of its cryptocurrency and fiat assets. The public nevers sees the results of the investigation, and months later, Bitfinex admits it never actually hired Ledger Labs to perform an audit to begin with. + +* In May 2017, after long standing calls for an actual audit, Bitfinex hires Friedman LLP to "complete a comprehensive balance sheet audit." + +* November 7, 2017: Leaked documents dubbed “Paradise Papers” reveal Bitfinex and Tether are run by the same individuals. + +* November 19, 2017: Tether is hacked, with 31 million USDT suddenly disappearing. Tether Limited reacts to this by creating a hard fork. + +* December 4, 2017: Right after hiring the PR firm 5W to help improve their image, Bitfinex hires law firm Steptoe & Johnson and threatens legal action against critics. + +* December 6, 2017 - CFTC issues a subpoena to Tether and Bitfinex. This news isn't made public until the end of January. + +* December 21, 2017 : Without making any formal announcement, Bitfinex appears to suddenly close all new account registrations. Those trying to register for a new account are asked for a mysterious referral code, but no referral code seems to exist. + +* After a month of being closed to new registrations, Bitfinex announces it is reopening its doors, but now requires new customers to deposit $10,000 before they can begin trading. + +* Friedman LLP completely cut ties with Tether on January 27, 2017. + +#Most common misconception: Tether is only a small part of the total market cap + +One of the most common misconception people have about cryptocurrencies is that the "market cap" amount they see on CoinMarketCap.com is actually the amount of money that is invested in each coin. + +I often hear people online dismiss any issue with tether by simply claiming its not big enough to cause any effect, saying "Well Tether is only $2.2 billion on CoinMarketCap and the market is 400 billion, its only 0.5% of the market". + + +But this misunderstands what market capitalization for cryptocurrency is, and just how different the market cap for Tether is to every other token. The market cap is simply the last trade price times the circulating supply. It doesn't take into account the order book depth at all. The majority of Bitcoin (and most coins) are held by those who either mined or purchased for a very low price early on and simply held on as very small portions of the total supply was rapidly bid up to their current price. + +An increase in market cap of X does NOT represent an inflow of X dollars invested, not even close. A 400 billion dollar market cap for crypto does NOT mean that there is 400 billion dollars underwriting the assets. Meanwhile a 2 billion dollar Tether market cap means there should be exactly $2 billion backing up the asset. + +Nobody can tell for sure exactly how much money has been invested in cryptocurrency market, but [analysts from JPMorgan](https://www.zerohedge.com/news/2017-12-02/jpmorgan-has-some-bad-news-bitcoin-bears) found that there was only net inflow of $6 billion fiat that resulted in $300 billion market cap at the time. This gives us a roughly 50:1 ratio of market cap to fiat inflow. Prominent crypto evangelist Julian Hosp [gives the following estimate](https://www.businessinsider.com.au/heres-why-market-capitalisation-is-a-bad-way-to-measure-a-cryptocurrencys-value-2018-1): "For a cryptocurrency to have a market cap of $1 billion, maybe only $50 million actually moved into the cryptocurrency." + +For Tether however the market cap is simply the outstanding supply, 2.2 billion USDT is actually equal to 2.2 billion USD. In order to get $50 USDT you have to deposit $50 real U.S. dollars and then 50 completely new tokens will be issued, which never existed before on the market. + +What is also often ignored is that Bitfinex allows margin trading, at a 3.3x leverage. Bitfinexed did an excellent analysis on how tether is entering Bitfinex to fund margin positions + +There are $2.2 billion in Tether outstanding and the current market cap of the entire market is $400 billion according to CoinMarketCap. You can actually calculate Tether as a % of total fiat invested in the market according to the JP Morgan estimate, the following table outlines for a scenario of no margin lending and 15/25% of tether being on a 3.3x leverage margin account: + +Fiat Inflow/Market Cap Ratio | Tether as % of total market (no margin) | Tether as % of total market (15% on margin) | Tether as % of total market (25% on margin) +----------|----------------|----------------|---------------- +JP Morgan estimate (50:1) | 27.5 % | 36.9 % | 43.3 % + +Even without any margin lending Tether is underwriting the worth of about 27.5% of the cryptocurrency market, and if we assume only 25% was leveraged out at 3.3x on margin we have a whole 43% of the market cap being driven by Tether inflow. + +A much better indicator on CoinMarketCap of just how influential Tether is actually the volume, i[ts currently the 2nd biggest cryptocurrency by volume](http://coinmarketcap.com/currencies/volume/24-hour) and there are even days where its volume exceeds its market cap. + +What this all means is that not only is the market cap for cryptocurrencies drastically overestimating the amount of actual fiat capital that is underwriting those assets, but a **substantial portion of the entire market cap is being derived from the value of Tether's market cap rather than real money**. + +Its incredibly important that more new investors realize that Tether isn't a side issue or a minor cog in the machine, but one of the core underlying mechanisms on which the entire market worth is built. **Ensuring that whoever controls this stablecoin is honest and transparent is absolutely critical to the health of the market.** + +#Two main concerns with Tether + +The primary concerns with Tether can be split into two categories: + +1. Tether issuance timing - Does Tether Ltd issue USDT organically or is it timed to stop downward selling pressure? + +2. Reserves - Does Tether Ltd actually have the fiat reserves at a 1:1 ratio, and why is there still no audit or third party guarantee of this? + + +#Does Tether print USDT to prop up Bitcoin and other cryptocurrencies? + +In the last 3 months the amount of USDT has nearly quadrupled, with nearly a billion being printed in January alone. Some people have found the timing of the most recent batch of Tether as highly suspect because it seemed to coincide with Bitcoin's price being propped up. + +https://www.nytimes.com/2018/01/31/technology/bitfinex-bitcoin-price.html + +This was recently analyzed statistically: + +>Author’s opinion - it is highly unlikely that Tether is growing through any organic business process, rather that they are printing in response to market conditions. + +>Tether printing moves the market appreciably; 48.8% of BTC’s price rise in the period studied occurred in the two-hour periods following the arrival of 91 different Tether grants to the Bitfinex wallet. + +>Bitfinex withdrawal/deposit statistics are unusual and would give rise to further scrutiny in a typical accounting environment. + +https://www.tetherreport.com + +I'm still undecided on this and I would love to see more statistical analysis done, because the price of Bitcoin is so volatile while Tether printing only happens in large batches. Simply looking at the Bitcoin price graph over the last 3 months and then the Tether printing its pretty clear there is a relationship but it doesn't seem to hold over longer periods. + +Ultimately to me this timing isn't that much of an issue, as long Tether is backed by US dollars. If Bitfinex was timing the prints then it accounts to not much more than an organized pumping scheme, which isn't a fundamental problem. The much more serious concern is whether those buy order are being conducted on the faith of fictitious dollars that don't exist, regardless of when those buy orders occur. + + +#Didn't Tether release an audit in September? + +Some online posters have recently tried to spread the notion that Tether has actually been audited by Friedman LLP and that a report was released in September 2017. That was actually just a consulting engagement, which you can read here: + +https://tether.to/wp-content/uploads/2017/09/Final-Tether-Consulting-Report-9-15-17_Redacted.pdf + +They clearly state that: + +>This engagement does not contemplate tests of accounting records or the performance of other procedures performed in an audit or attest engagement. Our procedures performed are not for the purpose of providing assurance...In addition, our services do not include determination of compliance with laws and regulations in any jurisdiction. + +They state right from the beginning that this is a consultancy job (not an audit), and that its not meant to be assurance to third parties. Doing a consultancy job is just doing a task asked by your customer. In a consultancy job you take information as true from the client, and you have no mandate to verify whether your customer's claims are true or not. The way they checked is simply asking Tether to provide them the information: + +>All inquiries made through the consulting process have been directed towards, and the data obtained from, the Client and personnel responsible for maintaining such information. + +Tether provided a screenshots of twp bank balances. One of these is in the name of Tether Limited, and while the other is a personal account of an individual who Tether Limited claims has a trust agreement with them: + +>As of September 15, 2017, the bank held $60,919,810 in **an account in the name of an in individual for the benefit of Tether Limited**. FLPP obtained an engagement letter for an interim settlement plan between that individual and Tether Limited and that **according to Tether Limited, is the relevant agreement with the trustee. FLLP did not evaluate the substance of the letter and makes no representation about its legality.** + +Even worse is that later on in Note 1, they clearly claim that there is no actual evidence that this engagement letter or trust has any legal merit: + +>**Note 1: FLLP makes no representations about sufficiency or enforceability of any trust agreement between the trustee and the Client** + +Essentially what this is saying is that the trust agreement may not even be worth the paper it’s printed on. + +And most importantly… Note 2: + +>“**FLLP did not evaluate the terms of the above bank accounts and makes no representations about the clients ability to access funds from the accounts or whether the funds are committed for purposes other than Tether token redemptions**” + +Basically Tether gave them a name of an individual with $60 million in their account according to a screenshot, Tether then gave them a letter saying that there is a trust agreement between this individual and Tether Limited. They also have account with $382 million but no guarantee that this account holds to any lien or other commitments, or that it can be accessed. + +Currently Tether has 2.2 billion USDT outstanding and we have absolutely no idea whether this is actually backed by anything, and the long promised audit is still outstanding. + + +# What happens if its revealed that Tether doesn't have its US dollar reserves? + +According to Thomas Glucksmann, head of business development at Gatecoin: "If a tether debacle unfolds, it will likely cause quite a devastating ripple effect across many of the exchanges that see most of their volumes traded against the supposedly USD-backed cryptocurrency." + +According to Nicholas Weaver, a senior researcher at the International Computer Science Institute at Berkeley: "You could see a spike in prices in tether-only bitcoin exchanges. So, on those exchanges only you will see a run up in price compared to the bitcoin exchanges that actually work with actually money. So you would see a huge price diverge as people see that only way they can turn tether into real money is to buy other cryptocurrency then move to another exchange. That is a bank run." + +I definitely see the crypto equivalent of a bank run, as people actually try to secure their gains an realize that this money doesn't actually exist within the system: + +> If traders lose confidence in it and its value starts to drop, “people will run for the door,” says Carlson, the former Wall Street trader. If Tether can’t meet all its customers’ demand for dollars (and its Terms of Service suggest that in many cases it won’t even try), tether holders will try to snap up other cryptocurrencies instead, temporarily causing prices for those currencies to soar. With tether’s role as an inter-exchange facilitator compromised, investors might lose faith in cryptocurrencies more generally. “At the end of the day, people would be losing substantial sums, and in the long term this would be very bad for cryptocurrencies,” says Emin Gun Sirer, a Cornell professor and co-director of its Initiative for Cryptocurrencies and Smart Contracts. + +>Another concern is that Bitfinex might simply shut down, pocketing the bitcoins it has allegedly been stockpiling. Because people who trade on Bitfinex allow the exchange to hold their money while they speculate, these traders could face substantial losses. “The exchanges are like unregulated banks and could run off with everyone’s money,” says Tony Arcieri, a former Square employee turned entrepreneur trying to build a legally regulated exchange. + +https://www.wired.com/story/why-tethers-collapse-would-be-bad-for-cryptocurrencies/ + +The way I see it, this would be how it plays out if Tether collapses: + +1. Tether-enabled exchanges will see a massive spike in Bitcoin and cryptocurrency prices as everyone leaves Tether. Noobs in these exchanges will think they are now millionaires until they realize they are rich in tethers but poor in dollars. + +2. Exchanges that have not integrated Tether will experienced large drops in Bitcoin and alts as experienced investors flee crypto into USD. + +3. There will be a flight of Bitcoin from Tether-integrated exchanges to non-Tether exchanges with fiat off-ramps. Exchanges running small fractional reserves will be exposed, further increasing calls for greater reserves requirements. + +4. The exchanges might slam the doors shut on withdrawals. + +5. Many exchanges that own large balances of Tether, especially Bitfinex, will likely become insolvent. + +6. There will be lawsuits flying everywhere and with Tether Limited being incorporated on a Carribean Island whose solvency and bankruptcy laws will likely ensure they don't ever get much back. This could take years and potentially push away new investors from entering the space. + +#Conclusion + +We can't be 100% completely sure that Tether is a scam, but its so laiden with red flags that at this point I would call it the biggest systematic risk in the crypto space. Its bigger than any nation's potential regulatory steps because it cuts right into the issue of trust across the entire ecosystem. + +Ultimately Tether is centralizing one of the very core mechanics of the cryptocurrency markets and asking you to trust one party to be the safekeeper, and I really see very little reason to trust Bitfinex given their history of lying and screwing over their own customers. I think that Tether initially started as a legit business to facilitate the ease of moving money and avoiding regulations, but somewhere along the lines greed and/or incompetence took over (something that seems common with Bitfinex's previous actions). Right now we're playing proverbial hot potato, and as long as people believe that Tether is worth a dollar everything is fine, but as some point the Emperor will have to step out from hiding and somebody will point out they have no clothes. + +In the long term I really hope once Tether collapses we can move on and get the following two implemented which would greatly improve the market for all investors: + +1. Actual USD fiat pairings on the major exchanges for the major currencies + +2. Regulatory rules on exchange reserve requirements + +I had watched the Bitconnect people insist for the last 2 years that everything about Bitconnect made perfect sense because they were getting paid daily. The scam works until one day it suddenly doesn't. + +Tether could still come clean and avoid all of this "FUD" by simply getting a simple review of their banking, they don't even need a full audit. If everything was legit with Tether, it would be incredibly easy to have a segregated bank account with the funds used solely to back up Tether, then have an third party accounting firm simply review the account and a bank reconciliation statement then spend a few hours in contact with the bank to ensure no outstanding liabilities are held on that balance. This is extremely basic stuff, it would take a few hours to set up and wouldn't take a lot of man-hours for a qualified account to do, and yet they don’t do it. Why? Why hire a major PR firm and spend god knows how much money to pay professional PR representatives to attack "FUD" online instead? + +I think I know why. + +Beginner here, I decided to buy my first $100 today, but forgot that there is/was a fork(?) and not sure which version I got, and which version I want. Seems like classic is dead or dying? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +It seems like daily that there's someone spouting about investing in gold or fiat currency or free markets without actually knowing what they're talking about. + +What makes it difficult to counter is that to deconstruct their argument takes more work than they put into any given statement. + +Is there a resource for common snake oil/uneducated statements regarding finance and counterarguments/sources? If not, would it make sense to make one? + I mean if it's so great long term with 10% yoy average return in the next 30 years, why don't people just load up on leverage and wait for the ultimate return? +I just got into value investing and started reading "Warren Buffet and the Interpretation of financial statements", where in the book they are re-iterating finding companies who are consistent and show songs of durability. But young companies, there's not enough data to employ the analysis the books asking us to do, so I was wondering as to whether value investing is for much more established companies +The stock I’m talking about is $NKE. It’s PE is 30, which immediately may come off as overpriced with the size of the company. However, it’s ROIC is 30% in the past 12 months and has consistently stayed above 20% (ignoring covid years). How am I supposed to value it? +I've been looking into Prosus & Naspers as a discounted alternative to direct Tencent ownership. I'm having a hard time understanding how the Tencent valuation for each company is being determined. It seems like people are arguing that these 2 companies are trading at a huge discount for their 28.8% Tencent holding currently valued at $161B. Prosus has an additional profolio valuation of around $50B and is currently valued at 171B. Naspers is valued at at 35B. So, I assumed based on this Prosus owned the vast majority of the Tencent holding. + +However, I dug a little deeper and found Naspers owns 57% of Prosus and Prosus owns 49% of Naspers. So, Naspers between the two should own a majority of the Tencent shares? Is that correct? + +If this is the case then Prosus seems somewhat overvalued because it would own less than half the Tencent holding and Naspers continues to be severely undervalued. Can anyone else make sense of this? +Bought 1k shares @19.15 +Bought another 2k shares @18.48 + +Per share cost now at 18.70 + +Sold 2k shares @19.01 +Brokerage account shows I am holding remaining 1k shares @18.48 + +So expected profit was (19.01-18.70)*2k = 620 +But actual profit is (19.01-19.15)*1k + (19.01-18.48)*1k = -140 + 530 = 390 + +I understand that brokerage account considered the original price instead of the average price, but why wasn't the 2k shares @18.48 considered in the sale? + +What are the rules pertaining to this situation? +What are the tax implications? Did I lose money somehow? + +Please let me know your thoughts. + +Thanks in advance. +I try to not rush into a stock I have not done my DD on, but sometimes I am hesitant and always feel late to the party. How long in your experience do you have between when you recognize a company is undervalued and when the market will realize their value? What are some of the key factors that allow the market to recognize true value and move the share price from under valued to fair value? +When the Yeezys first came out in 2016, I was one of the folks that lined up outside the store to acquire a pair. It was a terrific side income for me at the time because each pair could easily be “flipped” – resale for 2x–3x its retail price. Personally, I am a fan of sneakers since a great pair of shoes can be worn with any outfit you choose. + +Nike and Adidas are the two footwear companies that come to mind. Since forever, these two renowned global firms from two separate continents – the United States and Europe have been hot favorites in the sectors of footwear and sportswear. Although these two firms appear to have identical business plans, there are significant variations between them. + +Nike is today’s world’s most valuable apparel brand, with a market capitalization of $189 billion (as of 10th June 2022). Nike does have its fair share of criticisms – labor conditions, environmental impact, and animal welfare. With the recent tech sell-off, Nike dropped over 40%, could this be a potential opportunity to buy Nike stock? + +Let’s take a look at what Nike has to offer. Let’s find out! +[https://learntoinvests.com/nike-stock-analysis/](https://learntoinvests.com/nike-stock-analysis/) +Title says it all. I am 25, I’ll finish school in one year and I’ve supported myself the entire way off of the money I made myself. I’ve learned to live pretty frugally and soon I will have access to large amounts of “disposable”(investable) income. + +Even if Bitcoin crashes I’ll just use that time to accumulate tonnes and tonnes of cheap sats. I’m hoping to retire somewhere nice at 35 years old. + +Thank you Bitcoin and FIRE communities. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I have been algotrading since a year. I built a strategy that I didn’t test well and was too confident to not live trade with it. Fast forward to 2 months Mistake comes for a high price and I lost around 100k within 2 months. + +I learnt my lesson and decided to test. Fast forward to today, I have algorithm in place and have been testing for over a month on my HFT strategy. I’ve used paper accounts to test my strategy and I am pretty confident my algo works well in love. However, given my history of losing hefty amounts, I’m too scared to reinvest on my strategies. I’m currently using Alpaca and Webull as my providers. Any experienced people to let me know if live works as seemlessly as paper? Or paper account is made to be seen so easy to attract users to live trade? I have the doubt because I see my orders worth 100k filling in no time when I papertrade. I know this would not be the case in live. Any comments? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Here's what they might do this week. Notice how Goldman Sachs are saying that GME might crash the market? They are going to do it and scare us into selling GME. At the same time **blaming us for the crash to get public support for more government regulations against us!** + +I'm a pretty smart ape and that's what I would do. + +Notice how GME has been going against SPY lately? It might reverse to tank all together this week when they sell their long positions and short GME at the same time. But have no fear fellow apes. Just hold onto that bananananana and GME will eventually come back up. In shorting even more they are incurring a much higher interest day after day. + +I would just ignore the market this week and do something fun to relax until you hear about the squeeze has squoeze. +After I inherited lots of money and combined it with my savings and investments from 25 years of putting money away, I looked at my bank and brokerage accounts and became very philosophical. + +I decided I wanted to see the world, and specifically third world countries. (Also called developing countries). Yes, I had traveled before, but mostly to Europe and resort destinations. This time my wife and I took off on a round the world two month adventure. We wanted to see how people lived in places where surviving was a day to day challenge. We expected that while we could not save the world- it would give us a perspective on poverty and charity. + +What an experience! We saw places of incredible beauty but also incredible ugly scenes. We interacted with lots of desperate people who lived day to day. We saw hillsides of shantytowns and smelled unbelievable filth. Everyone we talked to wanted to move to America so they can become millionaires. + +We returned home wondering why God allowed us to live in wealth when most of the world lives in poverty. + +I don't know if this experience will encourage us to try to be better investors with our money or just accept what we have. + +How has exposure to poverty impacted your view of your own financial independence? + +(Added after reading the 333 replies to date: I find a few things really interesting in peoples comments so far: + +1) People try to link the poverty in America to the poverty in Third Word Countries: OMG! There is no comparison. + +2) Lots of posters tell us that because of love and family in the third world countries even the poorest people seem happy. Maybe true, but maybe the satisfaction many people in those countries have even though they are extremely poor is the reason they will stay poor forever. + +3) Many posters say that after seeing poverty overseas, they have cut down on materialistic spending. Sounds good in theory, but it is the spending on things Americans really don't need that keeps many factory workers overseas alive another day.) +Can someone explain this paradox for me!!! I'm so confused. I'm attaching two articles that back me up. Nationwide apparently there are less vacant rentals than anytime in the last ten years, and prices are rising. Simultaneously the population is falling for the first time in a century. It's also clear, just from looking around, that we're in a construction boom and new apartments are everywhere. I do have some crude theories about how this could be possible but I'll leave them for now, I"m interested in what you guys think! Please help!!!! + +links: [13\_07\_21\_National Vacancy Rate Falls in June 2021\_FINAL.pdf](https://sqmresearch.com.au/13_07_21_National%20Vacancy%20Rate%20Falls%20in%20June%202021_FINAL.pdf) + +and: [Recent-impacts-on-Australias-population.pdf](https://population.gov.au/downloads/Recent-impacts-on-Australias-population.pdf) +For 2023 I plan to start contributing using the backdoor method because of income limits. If I contribute the max $6500 to the traditional IRA then convert it to the Roth paying income tax, let's say 10%. I would have only deposited $5850 into the Roth. How can I reach the max contribution limit of $6500 into the Roth IRA? + +TLDR; how do I get the max $6500 allowed into the Roth IRA via the backdoor method after converting and paying income tax? + + +Update: I understand I was missing a key part which was that this Traditional IRA would be funded with after-tax dollars. So all $6500 can get transferred to the Roth without any additional taxes or changes. +To state the obvious, I was raised with no financial education. + +My parents are well off and will fund a future college education for our 15 year old and I will inherit some money and property. That is a long way off though, I hope. + +My husband of 28 years is resistant to the idea of getting a will or trust for some reason. This seems not quite right to me. We have no debt. We own one house that we live in and half a house with my parents. HOWEVER, both properties are in his name only, not mine. This is due to some financial idiocy on my part while under the influence of prescription drugs. Said idiocy is over and done with. + +What documents should we have in place to protect the assets? + +TLDR: Older spouse, teenage kid, property in older spouse's name only. +Good morning. +I’m not looking for any sympathy here cause I know that I’m totally responsible for all the mess in my life right now. + +I’m 25. I’ve been stripping for 6 years now. What do I have to show for that? Nothing. Nada. Zero. I don’t have a degree, I truly don’t know what I want to do with my life or what I want to do when I grow up. I have 50k in my savings account , a decent credit score and no debt. Sounds not too bad for a young girl but... I’ve been making 70-80k a year. So My savings amount is not enough, IMO. I could have saved so much more. + +The ironic part is that I wasn’t even living super lavish life either. I don’t have a closet full of designer things , expensive electronics or equinox membership(lol), took nice vacations maybe twice, don’t go out much, don’t live in a high-end building with doorman, pool and gym, do not have expensive hobbies and so on. +Thus I really don’t know where tf all these $$$ went to. No, I don’t do drugs. No kids or leeching boyfriends. + +However, I always lived in expensive cities. I can’t move to a state/town with a low cost of living as I’ll obviously make way less over there. +I have to spend some money as I frequently travel out of state to other cities to work when slow season hits my town and my earnings go down to 100-300$ per night. + +My expenses : +1)rent - $1500 +2)bills - $200 +3)cell phone - $100 +4)food - $800(I buy organic and eat out a lot, lol) +5)health insurance - $400 +6)therapy sessions - $800 +7)uber/public transit - $300-500 +8)going out - $200 +9)make-up/skin care - $200 +10)clothing/shoes - $500 +11)toiletries - $50 +12)hobbies - $300-500 +13)helping my father out- $700 +14)traveling - $200 + +When I travel for work to other cities, then I have to spend another grand or two a month. + +I do realize that I could have been way more frugal and cut down on going out and so on but on the other hand, I always justified it by asking myself if dancing is even worth it if I can not even treat myself a bit. I don’t know. + +I’ve been struggling with depression and anxiety since I was a teen. Thus I end up taking LOTS of days off when I go through tough episodes. Otherwise, I just can not focus on working and don’t make shit. Yes, I do need to get my shit together. + +Plus I’ve struggled to save as much as I could cause often I save X dollars, then boom - I have some kind of an issue that requires money to fix, be it a week or two of me, not getting out of bed due to my mental health issues etc or I have earnings slump or some other nonsense comes up. + +I was thinking of buying a property but nobody will lend to a stripper. And I started filing taxes only last year(yes, I know). +A recent post linked to an article about how "millionaires" are hoarding wealth. And this is somewhat true. But of course most wealth is held by people with a LOT more than a million dollars. + +I made the claim and some disputed it, that a million dollars is basically a normal middle class retirement stash. +(EDIT: I want to be specific about what I mean by this. I *don't* mean that it's average. Of course it isn't. The stats I quote in the next paragraph make that clear. What I mean is that it is in the *range* of what normal middle class people save. Most of the people who have a million (at age 60+) are normal middle class people, as opposed to the uber-rich or silver spooners. It requires neither an above average income, nor an unusual level of frugality, just consistent savings from an average income over a typical working life, and *many*, if not most, perfectly regular folks do it.) + +Only 10% of the population has a net worth of 1 million or more. And only 20-30% of age 65+ households. And it's an even smaller group if you don't count home equity. So not everybody is a millionaire! It's still a lot of money. + +And of course that's very true. But 10% is a LOT of people. Think about all the people you know. 1 in 10 could be millionaires. The top 10% of anything are not super unusual, or out of reach living in guarded enclaves, but probably around 1 in 10 of our neighbors, friends and family. + +Here's the really dramatic part which even surprised me. [Look at what percentage someone who earned the median income every year of their working life would need to have saved to get to 1 million by now](https://docs.google.com/spreadsheets/d/13QhFWaJtzioW2-PghvLIqydGV3gCsPafWD4mdSilet4/edit?usp=sharing). The link shows the calculations so you can examine what I'm doing and copy it to play around with different variations. + +Here's a table of start years (ending in 2018) and savings rate, and what that household would have at the end of 2018, with a 70/25/5 stock/bond/cash portfolio the whole time, rebalancing at year end: + +Started working|Years worked|Savings Rate|End portfolio value +:--|:--|--:|--: +1973|45|7%|$1,057,193.60 +1978|40|10%|$1,033,717.76 +1983|35|15%|$1,016,774.04 +1988|30|23%|$1,020,689.73 +1993|25|34%|$1,000,828.19 +1998|20|45%|$999,026.51 +1978|40|15%|$1,550,576.64 +1973|45|20%|$2,819,182.92 + +Remember this is earning the median household income every year. For traditional retirees, these are not just very manageable but perfectly *normal*. If you work 40 years, it's only 10%! Consider that in a lot of 401k plans, that's close to the *default* now, to contribute 5-6% of pay and get a 3-4% match from the company for 8-10% already. Do just that much for 40 years, invest it reasonably, and BOOM -- a million dollars. 10% is NOTHING. You don't need to ride a bike to work or live on lentils and rice or grow your own vegetables or never go out or any of the other stuff that people do to get to 50% or 70-80% savings rates. You only need to do any of that stuff to get there *quickly*. + +So, the big caveat here is the assumption that you don't have any long unemployment spells or big emergencies, etc. But that's still a pretty big share of people. And they are regular people. Middle class people. This is what it takes to save 1 million on the middle-est of middle class incomes. + +Tell me again that 1 million is not a middle class retiree. +Hey FatFire.. + +Looking at doing a potential 6-8 week trip in Europe with 18mo and 4yo... + +Has anyone done a trip at this length with young kids, and what are some life hacks etc. + +Feeling like we want to try make it a yearly thing before proper schooling starts..... + +thx +In early February, I stayed at a hotel using American Airlines miles, and Marriot hotel points for two nights. The only charge that I knew I would be paying was the resort fee at $35/night. + + +Upon checking out, the receipt confirmed the $35/night charges with no other charges shown. A few days later a charge for $160 showed up on my credit card. I called the hotel, but they said they do not see that charge on my account, and advised me to contact their billing department directly through email. I emailed the billing department, but got no response back. + + +So I filled a dispute with Chase. In early April, they found the charges to be valid. They showed a different receipt to what I got as proof that the charges were valid. The charge is for a room charge plus tax, which comes up to $160. + + +I reopened the dispute and showed my receipt and screenshots that it was a points/miles booking. Chase has found that it was a valid charge again, and said it was due to a billing error. + +&#x200B; + +I still don't know what the $160 charge is for. Am I just out of my $160? Any other steps to take? +A bipartisan group of senators is working to attach marijuana legislation to "must-pass" bills at the end of the year, according to a new report. + +Led by Senate Majority Leader Chuck Schumer, D-N.Y., the group, according to Axios, has received the Department of Justice's blessing to implement legislation that would allow cannabis companies access to banking institutions and create grants for state expungement of past marijuana convictions. + +The outlet reported that the "targeted legislation" stems from the pairing of two bills — the Secure and Fair Enforcement (SAFE) Banking Act and the Harnessing Opportunities by Pursuing Expungement (HOPE) Act. + +https://www.foxbusiness.com/politics/senate-aims-attach-major-marijuana-legislation-end-year-must-pass-bills-report + +$0Gi + +The HOPE Act is a bill introduced in the House last year and is designed to erase prior marijuana convictions. The measure, according to a summary of the bill, "authorizes the DOJ to make grants to states and local governments to reduce the financial and administrative burden of expunging convictions for state cannabis offenses." + +The group of senators, according to Axios, will more than likely attach the legislation to a must-pass year-end bill like the National Defense Authorization Act, which gets a vote annually. +Not financial advice. Not legal advice. For educational purposes only. + +This is my first post on computer. Apologies if the formatting is Fubar'd. + +**TA;DR:** + +1. In order for the French Revolution of the Stock Market to be beyond rebuke, there can be no shortcuts or cutting corners. As such, Gamestop will, in all likelihood, transform its business *first* by integrating blockchain technology into the fabric of its being. Any crypto dividend will come *after* such implementation of blockchain and NFT's into its business structure. + +2. The Overstock litigation indicates that the purpose of a crypto dividend cannot be to force the shorts to cover. **There must be a legitimate business purpose.** Where the line is drawn between the two and how they are weighted is anyone's guess, and why I believe Gamestop will ensure that any crypto dividend merely rides on the coattails of the blockchain/NFT transformation it will have already substantially completed. Luckily for Gamestop, the building blocks are already there -- digital character skins, trading cards, any number of collectibles, second-hand gaming market, etc. etc. etc. -- they just need to develop the infrastructure and implement the technology. + +3. In the case of Overstock, the company had been involved in the crypto/blockchain for 5 years before issuing its crypto dividend AND it had subsidiary companies that were wholly devoted to the development of blockchain technology and a platform for trading digital securities. *The issuance of the crypto dividend was directly tied and perfectly synergized with its stated business transformation and the tZero digital trading platform.* + +4. As much as I'd love to see MOASS sooner rather than later, I do not foresee a crypto dividend coming on July 14. I believe we should "Buckle Up" for the long haul. + +5. RC is playing chess, not checkers. He isn't just saving a sinking ship (that's already been accomplished here); he is, with hand-selected team, inventing the steam engine, while all the other companies are still using sails or horseback riding. For all my fellow Civ or history nerds out there, you know how revolutionary the steam engine was for the Industrial Revolution. And in a world that is increasingly becoming more virtual/digital, Gamestop is, in my humble opinion, leading the charge on the next revolution in the digital and pixelated world -- giving Power to the Players, Power to the Collectors, and Power to the Creators. + +**Introduction:** +Gamestop is not the new Blockbuster; it is more the new Overstock (kind of). However, unlike Overstock, Gamestop's business is focused on a sector that seems to perfectly dovetail with the blockchain/nft/crypto universe -- Gaming, Collectibles, Memes, Nerdgasm stuff. The gaming industry is already estimated to be a $150B+ industry. And we haven't even reached widespread virtual reality or whatever else the pixel magicians may create. + +Gamestop is poised to learn the lessons from the Overstock pivot and the lawsuit that followed. Unlike Overstock, Gamestop has a never before seen diehard following of shareholders and customers. It is best summed up by Larry Cheng's tweet: +"Every company is a company. However, on rare occasion, some companies become movements. The company ends up standing for something much larger and more significant than itself. These companies break the traditional paradigm - they can play chess when everyone else plays checkers." + +However, with becoming a movement and having such a loyal following comes a downside: the increased potential for any crypto dividend to look like it is to appease the shareholders (which it *per se* does) but also in a sense of quenching any vindictive thirst by the shareholders or the company itself against short sellers. As such, Gamestop must play Chess, not checkers. + +The Wild West of law and Technology collide in the blockchain/NFT/crypto space. Simply put, there isn't enough legal precedent out there to indicate what is and is not permissible. If you're playing chess, you're using what precedent is available (which isn't much) to plan. And you're ensuring that your business transformation and approach to bringing in shareholders (such as a dividend) is beyond reproach. + +The Overstock lawsuit -- Mangrove Partners Master Fund, Ltd. v. Overstock.com, Inc. (In re Overstock Sec. Litig), Case No. -- is the only direct legal precedent we have in the matter of a public company issuing a crypto dividend. + +A review of the case can help us learn what *one* federal district court thought on the matter, whether in the law and analysis that applied or the dicta (non-legally binding reflections of the court) that the court wrote on the matter. Such a review reflects that the law is nebulous (surprise...) and the Court's underlying reasoning focused on the *reason* for Overstock issuing the crypto dividend. The short of it is: to the extent that the purpose of Overstock's crypto dividend would appear to be to cause a short-squeeze, it would be improper. + +**Background of Overstock's business and pivot into the Blockchain and Crypto world:** +As we know, Overstock was and is a home goods and furnishings retailer, particularly in the e-commerce sector. With falling profits and in a field that proved to be dwindling, Patrick Byrne (founder and then-CEO of Overstock) sought to pivot the business into something new. As a big proponent of blockchain and crypto, Byrne sought to get Overstock into this burgeoning and quickly developing new technology -- a technology that some have characterized as revolutionary as the internet itself. + +**Overstock Case Background:** +[Court Order on Overstock's Motion to Dismiss] (https://securities.stanford.edu/filings-documents/1071/O00_01/2020928_r01x_19CV00709.pdf) + +The Order addresses multiple claims asserted by the Plaintiffs, but this background will focus merely on that of the Crypto Dividend. However, do be aware that the narrative crafted by the Plaintiffs seeks to link the Crypto Dividend into the broader claims, particularly against Patrick Byrne. Plaintiffs claims would have been significantly weaker had they not tied into each other. + +The main Parties: +* Defendant -- Overstock + +*"Lead Plaintiff The Mangrove Partners is an institutional investor that purchased Overstock common stock during the class period. Plaintiff is a well-known short seller, and Dr. Byrne [Overstock's then CEO] publicly denounced short sellers for artificially depressing Overstock’s share price." + +**Background on Overstock's crypto dividend and the observed effects of same:** +(direct language from the Order): +In 2014, Overstock began working on initiatives to develop blockchain technologies, which it now pursues through its wholly-owned subsidiary Medici Ventures, Inc. Medici conducts the majority of its business through a subsidiary, tZERO Group, Inc., which is focused on developing and supporting the issuance of digital +securities. Through tZERO, Overstock sought to create an alternative trading platform where the investing public could purchase and trade digital securities. + +on July 30, 2019, Overstock announced that it would issue a dividend of one share of Digital Voting Series A-1 Preferred Stock for every 10 shares of common or preferred stock outstanding. + +Once eligible for resale, the shares would be traded through a brokerage account established with Dinosaur Financial Group LLC (“Dino”) on PRO Securities ATS, a SEC-registered alternative trading system operated by PRO Securities, a tZERO subsidiary. + +Within hours of its announcement, several market-focused publications recognized the practical effect of the Dividend on short sellers. + +**--Recap--** + +1. Overstock had been involved in the blockchain tech for 5 years prior to announcing the issuance of a crypto dividend. + +2. It was readily apparent to everyone in the industry as to what the effect of a crypto dividend would be. + +3. Overstocks crypto dividend was to be traded on the tZero platform, which is owned by a company that is a subsidiary of tZero, which is a subsidiary of Medici, which is in turn a subsidiary of Overstock. **So, the crypto dividend was intended to facilitate the use and growth of an alternative trading platform that Overstock, in effect, owned.** (*THIS IS IMPORTANT*). + +Allegation by Plaintiff (direct language from Order): + +1. Plaintiffs allege that Defendants made false statements about +Overstock’s financial projections for 2019 and engineered a scheme to issue a digital dividend that purportedly caused an artificial short-squeeze. + +2. Essentially, Plaintiff contends that Defendants engaged in a scheme to issue a locked-up dividend they knew would cause a short squeeze, artificially spike Overstock’s stock price, and force short sellers of Overstock stock to cover their positions at inflated prices. + +3. In Count 2, Plaintiff alleges a market manipulation claim with respect to Defendants’ issuance of the digital dividend that would be paid to Overstock shareholders in tZERO shares. According to Plaintiff, because short sellers with borrowed shares would have to purchase Overstock common stock to repay the lender the digital dividend in advance of the dividend date, Defendants caused an artificial short squeeze “manipulating” an increase in share price. + +4. Although Overstock stated that the Dividend was important for adoption of the tZERO platform and to bring broker-dealers into the broader tZERO ecosystem, Plaintiff claims thatOverstock’s stated goal was pretextual. Plaintiff contends that the dividend was announced shortly after Dr. Byrne learned that his relationship with a Russian spy was about to be come public and he might need to leave the company. Plaintiff believes that the dividend’s short squeeze was intended to increase the price of Overstock shares at the time of Dr. Byrne’s departure. + +**Court's observations (language from the Order):** +Byrne’s very public disdain for short sellers is beside the point because there was a **legitimate business purpose** for issuing the dividend. While Byrne, like any CEO of a public company that is heavily shorted, would want to reduce the downward pressure those shorts exerted on his company’s stock price, there is no evidence that targeting short sellers was the purpose of the dividend. ***Defendants state that Overstock was trying to transition from being a traditional online retailer to a blockchain technology business. The dividend was a creative way to strengthen that transition. Plaintiff has no evidence to overcome this legitimate business for issuing the dividend.** + + +**Conclusion and Opinion** +Gamestop is playing chess. They want to transform their business with blockchain technology. While a retailer (right now), the goods and services they deal in (gaming/collectibles) are a perfect fit with blockchain technology. In the case of Overstock, that company was starting from scratch with blockchain/crypto. No one wants a digital NFT couch. But NFT gaming character skins, NFT second-hand gaming market, NFT trading cards (the Pokemon card trading microcosm is valued at half a Billion alone), among tons of other possibilities? Ya, the building blocks are already there for Gamestop. All they need to do is put them together -- Brick by Brick. + +Ryan Cohen is a creator. He's not here to save a sinking ship and then bail; he's here to invent the steam engine and revolutionize the world -- the world of Players, Collectors, and Creators. While it's purely speculation on my part as are most things in this post, I assume Chewy will always be his baby, but Gamestop will be his legacy. Buckle Up. + +If you're going to beat the corruption, you cannot cut corners. You cannot leave room for error. You cannot in anyway be impugned. Otherwise, you leave threads for others to pull on in legal battles and in the public eye. + +As such, I think this could be a long(ish) haul. Gamestop is likely going to fully implement blockchain/NFT into the essence of its being before any digital dividend is issued. Recall that Overstock had been involved in Crypto/blockchain for 5 years before issuing its crypto dividend. *Further,* the issuance of its crypto dividend was directly linked to facilitating the use and growth of an alternative trading platform that it, in effect, owned. *"Legitimate Business Purpose."* + +Gamestop will ride the tide of speculation, hype, and FUD over its transformation. It will ride the tide of the market crash everyone but the mainstream media sees coming. And only then, once Gamestop has caused a paradigm shift as to the possibilities of how gaming and blockchain/nft's can be symbiotic, then maybe it will issue crypto dividends. It likely will want to have the framework -- both from a technological (servers, development, etc.) and business perspective -- before issuing a crypto dividend. Further, the crypto dividend will likely line up with its very own blockchain transformation -- such that the crypto dividend directly ties in with its business model. Just like Overstock had its crypto dividend tie in with its alternative trading platform. + +If such came to pass, it would be my humble opinion that a crypto dividend would withstand legal challenges. At this time, Gamestop does not (openly) have the involvement and investment into blockchain/crypto that Overstock had for 5 years. With the mainstream media putting targets on the back of Gamestop and Apes, it'd be wise to have the business transformation *first,* before issuing such a dividend. + +Again, I'd like the MOASS ASAP as much as the next Ape. But I'd also want Gamestop to be unassailable in what it does. Negative Beta? Market Crash? Genuine delight by the investing public over Gamestop revolutionizing the virtual/pixel world? There are any number of things that could set off MOASS. The Ace in the Hole is the crypto dividend. + +My hopes for 7/14 and the month-long Moonjam? That Gamestop announces something big about NFT/blockchain/crypto that provides the first peak into the transformation of the business, AND that its use is displayed for all to see during Moonjam. And all while having some pixelated blocks go to the moon (as some have speculated)? Ya, Bullish. + +Power to the Players; Power to the Collectors; Power to the Creators. +Looking at purchasing a rental with a tenant included. Everything looks fine but I have a couple of concerns. Paying cash no loan no banks. 28k for the single family residence. No repairs needed. Descent house. $400 monthly rent. + +The realtor tells me the tenant has been there for years and wants to stay. Single retired lady. However she is on section 8. She pays $50 per month out of pocket & Section 8 pays $350 per month. I have never had a section 8 property. Is it complicated? I can move the tenant out 30 days notice after I purchase the property. I don't want to do that I just mentioned it as an option. Having a long term tenant especially a single retired older tenant is a great bonus I think. I just know nothing about section 8. +https://nsandi-corporate.com/news-research/news/new-year-premium-bonds-boost-nsi-increases-rates-across-several-products + +>Premium Bonds customers are set to get a welcome New Year boost with an extra £80 million in prizes up for grabs from the January prize draw, with an increase to the prize fund rate from 2.20% to 3.00%. + +>Alongside this, effective from today, NS&I has also increased interest rates across several of its other variable products. + +>The change to the Premium Bonds prize fund rate is the third upwards change that NS&I has made this year, with the prize fund rate tripling from the 1.00% it was at in May 2022. The changes will see the January 2023 prize fund hit an expected £299,572,750. + +>The odds will stay fixed at 24,000 to 1, with the changes meaning that customers will have more opportunities each month to win high value prizes, with more than three times as many prizes worth £100,000, £50,000, £25,000, £10,000 and £5,000 available. + +>More than 570,000 customers holding Direct Saver and Income Bonds will benefit from today as the interest rate on both products increases from 1.80% to 2.30%. The rate on Direct Saver is now at its highest level since the account was launched in March 2010, whilst the interest rate on Income Bonds is the highest it has been since February 2009. + +>NS&I has also increased the interest rate that it pays on its Investment Account from 0.40% to 0.60%. +tl;dr: I quit right when I said I was going to, 5 years later! Read [that 2016 thread](https://www.reddit.com/r/financialindependence/comments/5pvriq/past_the_halfway_pointyearbyyear_summary_after/) for how literally getting used as a speedbump in 2011 shoved me down the road to FIRE (even though I had been sleepwalking that direction most of my life). This post will just cover the last 5 years of my journey. Also, I used [The Position of Fuck You](https://www.youtube.com/watch?v=xdfeXqHFmPI) as part of my official but lighthearted farewell email at my next-to-last employer in 2020. All the people I liked there thought it was hilarious. + +**2017 -** "What's a whistleblower?" is not a question you want your foreign coworkers to ask you when the company PA system is blasting something in Japanese. Working in Japan was like middle school: lunch bells and announcements. My company declared bankrup... I mean "Chapter 11" as part of this fiasco, which promptly got my butt mailed back home. I still had a job, and it got better after being moved to a group I liked even more. By the end of the year, I also paid off all remaining startup costs on the vacation rentals--stretch goal met. + +**2018 -** Oceanfront living paid by The Company? Yes, please! Well, except for the endless, unpredictable YOU HAVE TWO HOURS TO GET TO WORK calls at all hours of the day and night. It was the first time I had actual friends at a site, and the company paid for my water-view condo for over a year. My boss's official advice to me during a formal performance review was "milk it for all its worth." He's a cool guy who would rather be a farmer. A sorta-kinda-but-not-really-dating... relationship...? had also been going on for about 3 years when we came to the mutual conclusion that it wasn't healthy for either of us and said goodbye. I have zero regrets (and tons of fun memories), but that didn't mean it should've continued, or that the end didn't hurt. Why do I mention this in a FIRE post? Because it's at this point that FIRE truly stopped being about the money. + +**2019 -** This scrawny nerd picked up rock climbing which is the best physical activity EVER. And I paid off my mortgage. So what if it all happens to be a part of a 1/3 life crisis after reading [Stop Saying You're Fine](https://www.amazon.com/Stop-Saying-Youre-Fine-Getting/dp/0307716732) (Spoiler: I wasn't)? Indoor climbing is a wonderful place to meet people, but a day climbing outside with those same people is epic. Also bought a Section 8 rental in the bad part of town. The rent (tenant+gov't) was about $300/month more than my mortgage+insurance, but I got tired of being a landlord pretty quickly. My vacation rental company then quit on me, so I had to find a new one... which was... not good. I can feel my blood pressure rising just thinking about them... more about them next year. + +**2020 -** Screw being on the road during the middle of a pandemic. I took a job working from home most of the time (with an office 100 miles away from home), got a $10k/year pay increase, and stopped working nights/weekends completely. Easy decision. Unfortunately, it was a government job that quickly sucked all the remaining career ambition out of me, and "just kidding, you have to be in the office 2 days a week" didn't go over well once the pandemic quieted down. At least they kept kicking that can down the road until all the unvaccinated were recently fired. Also due to the pandemic, my vacation rental management company stopped responding to me and my (rightfully furious) guests, and I decided to close the rental business that summer. Another easy decision, even if it meant I was saddled with $3k in monthly expenses while the houses sat on the market. Like most people in 2020, I felt pretty stuck. + +**2021 -** Sold all the rental properties. All of them! BE GONE! And promptly got sued over one after closing. I can't say anything more due to the settlement, sorry. It took over 6 months to resolve, and it put me under a tremendous amount of stress. So much so that I had seriously considered giving the other party a *giant* pile of money simply to fuck off, even if it meant having to work another year or so. In the meantime, I did multiple 1031 exchanges to buy into some DSTs (Delaware Statutory Trusts) which require ZERO involvement from me and now yield \~$1200/month in direct deposits. And the last month of the year? I QUIT. My employer strung me along for months about the WFH form I submitted, and they finally told me they wouldn't approve it the day before dragging everyone back to the office. I took PTO that day and told them that afternoon I was quitting, wouldn't come back to the office, but would stick around a couple weeks FROM HOME to help with turnover if they'd like, which they agreed to. + +So where am I now at 36 years old? A low-cost state surrounded by mountains & water, $1200/month in income from DSTs, a paid-off house w/ a 3-car garage/workshop, fuel for an endless roth conversion ladder, and all the time to do *whatever the hell I want.* There is a poster-sized, oak-framed whiteboard in my kitchen with all the current house and car projects listed, and I climb 3ish times a week with a variety of fun people. Figuring out what to do in FIRE ain't hard for this guy. If I do feel like having some conventional income again someday, I've left all my jobs on good terms with my bosses (and employees), and my former industry is always looking for temporary contractors. + +Yeah, I'm shamelessly excited to be where I am, even if too many of these steps involved far more stress than I recommend to anyone. Hopefully this provides inspiration for at least one reader/lurker to make that next jump to get you to where you want to be. I did it after being flattened by a truck; you can too (hopefully without the flattening). +I know this is subjective to everyone and often can be expressed in terms of a specific dollar amount (e.g., $10 million) multiple of expenses (25 times net expenses), or even a rule (e.g., "when I can live off my dividends/income."). What is yours and why? +I have twins that are about a month old. It’s sucks and I’m looking for ways to spend some money to make this all easier. We (my wife and I are 34) are comfortably chubbyfire and on our way to fatfire. + +So far we’ve splurged on a few things to help us get through these early days: night nanny a few nights a week, house cleaner once a month, double of much of our gear so that we have a full “station” both upstairs and downstairs (including two brezzas), nice pump gear/multiple pumps for my wife, we each see a therapist once a week, lots of extra supplies so we aren’t washing bottles 6x a day / going to the store constantly, etc. We don’t have Snoos and given that we are already a month in (and have the night nanny sometimes), I’m not sure it’s worth it. + +For the other twin parents here with some money to throw around, would love to hear what helped (or what was a waste). + +For example, We have a nanny starting when we go back to work in January, but I’m at the point where I am ready to start the nanny now. Thoughts? + +Thanks for any help or advice you’ve got. + + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +It has recently come to the moderators attention that two of the top users this month have been operating multiple accounts in order to bypass the karma limits on this subreddit. These users are: + +u/WackyMister + +u/Imaginary-Cow25 + +I won't share many details on how this has been identified but the moderation team and myself have *no doubts* this is the same user, using multiple accounts to bypass the 15k karma limit. As you can see below, those two users (or shall I say this user) have a lot of similarities in writing style + +[https://imgur.com/a/8wgniqW](https://imgur.com/a/8wgniqW) + +[https://imgur.com/a/2qQNna3](https://imgur.com/a/2qQNna3) + +These are not the only evidence there is, moderators have **many other evidences** that won't be disclosed on here for obvious reasons. + +Keep in mind, these users are not banned just for having a very similar writing style. The examples cited above are just a ***tiny sample***. Writing style is not the only thing moderators look for, but it's the most visual thing to share to everyone on here. + +While this user may have been permanently banned from this subreddit, we still need an emergency proposal to remove this user from distribution or **20158 karma or 5422 moons** will still be distributed to this user on October 6th. + +This subreddit have very strict rules on using multiple accounts to bypass the karma cap, or otherwise game the system in an effort to earn more moons. Rule 3 is "No Manipulation" and that counts for bypassing Governance rules for the subreddit. + +By passing this poll, it will remove the above accounts from the current distribution, ensuring they do not receive the final moons allocated for their posts and comments in snapshot 18. The methodology to address problem users has been laid out by Reddit admins. + +[View Poll](https://www.reddit.com/poll/q1tcgp) +Just wanted to show my gratitude to everyone here. Over the past couple years I have been reading posts on here and they have helped me tremendously and I while i am not yet FI I wanted to tell my story. When I was 16 I got caught up in gangs and selling drugs. I was homeless and living in my car by 18. I became addicted to heroin. I was in and out of rehabs and hospitals from OD's and suicide attempts. This went on until I was 25 and I decided to make a change, I left the city I lived in and went to a small town 100 miles away with a duffel bag of clothes and about 60$ in my pocket. I lived in my car and worked a shit min. wage job for 3 years slowly saving money living in shelters and got an apt. I clawed my way up to a management position and got some experience which landed me a real job. I now have a beautiful wife, retirement account. I live cheap and save 50% of my income and about to buy my first home with a 40% down payment. I dont know why I felt the need to post this but if anyone out there struggling thinks they cant do it I hope my story can give you motivation. +Long story short: 29yo, kids 4 & 2. Salary $125k full time equivalent, although currently I'm taking a day each fortnight off to complete a post-grad degree. I'm lucky enough to have a job where I can essentially (within reason) decide how much I would like to work, although I need to give plenty of notice. + +I had sort of planned by default to go back to full-time next year, but now I'm re-considering. I am considering instead dropping another day (9 days per fortnight down to 8) and pulling the kids out of daycare on that day each week just to spend some time with them basically. + +My salary would then go down to about $100k for the 4 day week, and of course we'd save a little on daycare fees. We have never had any specific FIRE goals but of course a move like this will probably substantially push back any chance of FIRE-ing, but I'm sort of thinking that the time now is more valuable than free time might be another 20 years down the track. + +Anyone else done something like this? Care to share some experience? +I realize this might be bumping up against Rule 5 since it's kind of removed from $GME, but bear with me because I think this is something we should all be aware of and which may have a huge impact on the epilogue of the MOASS saga. Now, I don't know anything about finance, so I usually just lurk, reading DD and confirming my bias. But I *do* know about the law and I think I happen to find myself in middle of a Venn-diagram you apes might find interesting. That being the Manhattan District Attorney Race. + +We've all seen the legal and regulatory walls closing in on the hedgies lately. They're working through the night doing... what exactly? There doesn't seem to be a way out, so why bother moving chairs on the titanic? Suppose for argument's sake that the point is to buy time to shield assets from the eventual bankruptcy of these funds. Certainly isn't hard to imagine, you can bet these people already move their money to avoid scrutiny or taxes, this is no different. But the issue is that even if you were to somehow protect your entire fortune, it means nothing when you land in prison. + +So what do rich people do to avoid paying for their crimes? They buy politicians! And who is Citadel's politician of choice? I present to you: **Tali Farhadian Weinstein.** + +&#x200B; + +[https:\/\/publicreporting.elections.ny.gov\/ContributionsByRecipient\/ContributionsByRecipient](https://preview.redd.it/mzenks2mva371.png?width=2863&format=png&auto=webp&s=6ec935099e881c5614ab0802e25d2c429300ba01) + +That's Kenny G himself and Pablo Salame, the head of global credit at Citadel donating to Ms. Weinstein ($35,000 is the statutory maximum you can give). Bear in mind, Kenny G has donated over 100 million to the GOP over the past few years, he's donated hundreds of thousands to republicans in NY state races, so why is he donating to a democrat in a county primary? The Manhattan District Attorney is a unique position to prosecute financial crimes, they have jurisdiction over Wall Street. The more interesting question, though, is why Tali Weinstein? + +Tali Weinstein is the wife of [Boaz Weinstein](https://www.institutionalinvestor.com/article/b1m3lx01dnj9mq/Boaz-Weinstein-Is-Making-Bank-He-s-Not-Happy-That-You-Know-About-It), founder and manager of Saba Capital. The couple lives in a $25.5 million apartment. It is very clear from the vast amounts of money she's raising that she if very close with the ultrawealthy and is aptly named [Wall Street's Chosen Candidate](https://gothamist.com/news/wall-street-has-chosen-its-candidate-heated-race-district-attorney-tali-farhadian-weinstein). + +Lest you think these rich people are funding her because of her qualifications, it's worth noting Weinstein has "[never practiced \[law\] in Manhattan](https://www.5bd.org/tali-farhadian-weinstein/)" and has "[significant gaps in her understanding](https://www.5bd.org/tali-farhadian-weinstein/)" of the issues faced by a Manhattan DA. She's running as a democrat, but only [registered as one](https://twitter.com/SamMellins/status/1400076074810327040) in 2017 and has never voted in an election for D.A., or even mayor (she will actually be the first county official she votes for). And, of course, she was courted by [Trump](https://www.nytimes.com/2021/06/02/nyregion/manhattan-district-attorney-trump.html) to become a judge, so that tells you all you need to know about her Democrat credentials. + +The point of all of this is there are going to be a lot of very wealthy people in some legal hot water in the next couple of months, and the Manhattan District Attorney is going to be one of the few people who can actually turn up the heat on them. For *some unknown reason,* though, those ultrawealthy people have all chosen an unqualified, Trump-aligned, ultra-wealthy candidate to shower with their unprecedented support. + +So, **BUY, HODL, VOTE**. + +And if you're a Manhattan ape, make sure you also **VOTE** in the primaries on 6/22! + +EDIT TO ADD: + +**TL;DR: Citadel is contributing big $$$ to a NY DA candidate. The candidate has no prior experience or extensive knowledge that should be had with this position. She is closely connected to extreme wealth and if elected would be the one with power to hold these criminals feet to the fire.** (thanks, u/bloodshot_blinkers) + +EDIT 2: + +Taking u/EmoeyJoey's suggestion and adding for those of you wondering what to do about this: if you're in Manhattan, vote in the primaries . If you know anyone in Manhattan, encourage them to vote. Consider donating to Weinstein's opponents. Don't take my word for it, but being a prosecutor myself and having obsessed over that list of donors for a long time, I think Eliza Orlins is the one for the job. Her campaign is entirely grassroots, she's not in the pocket of the wealthy. I've actually been volunteering for her campaign as a result (full disclosure in case you look me up and think this was all a paid ad or something) + +And of course, get ready to raise hell post MOASS if Tali wins. + +EDIT 3: + +u/RL_Fl0p shared [this article](https://nymag.com/intelligencer/article/who-will-replace-cy-vance-manhattan-district-attorney.html) that I think needs emphasis. It summarizes the race pretty well, but the real interest is a quote from Tali justifying taking money from the hedgies. She says, + +"I’m not the first person to have a spouse with interests and concerns of his own... You cannot predict in advance who is going to be a defendant or a victim or a witness in a case, but it is predictable that the defense bar is going to appear in front of the district attorney’s office.” + +But here's the thing, her husband made his obscene wealth precisely by predicting these kinds of things. We have all predicted this. It's clear Kenny predicted it, otherwise he wouldn't have picked this race to break from his record of backing Republicans or hus record of ignoring county races like this. I mean, it's not even a prediction, the crime has already happened, the predictiomln is whether there will be enough public evidence that it can't be swept under the rug. + +So why say this? Do you think this whole meme stock thing hasn't crossed her feed? She and her husband just never talked about it? Isn't the go to answer for this that donations don't create a conflict because you won't let it influence you once elected? But if she says "I'll jail my donors if they break the law," she loses the donors that are donating because they want to influence her. So instead she playa dumb with this "OMG, you never know" shtick and all of her rich friends know exactly where she stands. +Most brokers require a 300% margin for short positions on $GME. So…this must mean the “critical margin line” or “line of hedgies nightmares” for the majority of shorts is currently $49.38 (or 3x $16.46); here, short positions at this entry price begin to be LIQUIDATED! OnAugust 8th, @9:42 am $GME peaked at $48.00. Update the Dorito of Doom! 😂 +LOL this is a fucking joke. I submitted my DRS on 9/24 and was told a week, then 2 weeks, then 2 business weeks, then 3 weeks, then '100% it will for sure be done by 10/15'. + +Welp, nothing was sent to computershare. I also submitted an asset transfer request on 10/13 and last night I saw that it was cancelled. No email, no notification... nothing. When I asked the etrade rep why they said they don't know. + + +How is a brokerage able to get away with this shit? + + + +EDIT: CALLED FIDELITY AND THEY DONT KNOW WHAT GOING ON. SAID I NEED TO TALK TO A SPECIFIC TEAM THAT IS ONLY OPEN MON-FRI. THEY WILL CALL ME ON MONDAY TO DISCUSS. +Hey guys, new to reddit and need some money advice. Im 18 y/o and my mom recently passed away to cancer this year. I was left with the house which I was able to sell for $522,000, however she took out a reverse mortgage and had lots of other debt as well as large medical bills so I was lucky enough to be left with $150,000. I don't want to spend it, I would like to see it grow instead of just having it sit around. Any thoughts or advice on what to do with it? +I currently attend university and have a full ride scholarship. I have no debt, credit cards paid off, car is paid off, and no large bills that need to paid. As of right now that $150,000 is just sitting and not sure what to do with it. +Hey Guys, +So i’ve been studying the markets for about 2-3 years, around the time the pandemic started. I’ve only been recently seeing some positive momentum on my trading. I’ve studied technicals and psychology. + +I want to focus on my personal life for a bit, so do you guys think it’s wise to take a break from trading? If not, why? And if so, for how long? + +Thanks in advance. +Roughly two weeks ago, [/u/beached89 shared](https://www.reddit.com/r/personalfinance/comments/4e8n3n/how_to_spend_your_money_the_flow_chart/) an informative flowchart on how to prioritize spending of personal income. + +I like what he shared and think having a flowchart of that calibre can be a useful tool, so I decided to make some alterations and revise it into something I felt would be more polished in terms of reflecting what is in the PF Wiki as accurately as possible. + +My goals for this revision included: + +* Major aesthetic redesign to more closely reflect the [Simplified graphical version](https://i.imgur.com/fb7Dtmh.png) of the [How to handle $](https://www.reddit.com/r/personalfinance/wiki/commontopics) PF Wiki entry +* Removal of arbitrary numbers and streamlining of certain node paths +* Reordering of certain nodes to more closely reflect the PF Wiki +* Reworking of some information to more closely reflect the PF Wiki +* Replacement of the "Entertainment Expenses" node with a footnote on entertainment expenses due to its highly discretionary nature and its absence from the PF Wiki + +No single personal income spending flowchart can truly be a "one-size-fits-all" thing, there are scenarios where certain nodes might need to be moved around, but the vision was to have something *as close as possible* to a "gold" standard. + +Keeping that in mind, here it is— + +**The Flowchart v4:** [PF - Income Spending Priority Flowchart](https://i.imgur.com/CcEVQAV.jpg) +*Previous Versions* +[1](https://i.imgur.com/Fsf0HNg.jpg) [2](https://i.imgur.com/qaXYcwz.jpg) [3](https://i.imgur.com/1rPEkGQ.png) + +*Changelog:* + +* ~~Relocated "Pay Any Non-Essential Bills in Full" node after employer match nodes~~ +* Added title text to indicate this flowchart is US-centric +* Reattached missing arrow +* Changed phrasing from "low risk, low volatility investments" to "savings or checking account" + +Due to the progression of the [How to handle $](https://www.reddit.com/r/personalfinance/wiki/commontopics) entry, there is some overlap present in the flowchart, particularly related to the emergency fund steps. I've tried a couple different things, but haven't been able to successfully rework the layout without the flowchart becoming unnecessarily convoluted/hectic. + +I'd love to get any feedback or insights regarding this, or anything else. Your thoughts would be appreciated :) + +Again, the inspiration came from /u/beached89, so thanks to him for laying the groundwork for this. I'd also like to extend thanks to /u/dequeued who has given extensive feedback to help shape this into something that aligns well with the PF Wiki. + +I hope this is beneficial, and thanks for any feedback or thoughts you leave. If the consensus is there, I'll make sure to update as soon as I'm able to. + +***Edit 1:*** I am reading the feedback! Thanks for all the comments, I truly appreciate it. I have uploaded a new version of the flowchart. Changes may be slow, we want to make sure that any changes made stay true to the PF Wiki, so thank you for the patience :) + +***Edit 2:*** After some discussion, I have reverted the changes implemented which relocated the "Pay Any Non-Essential Bills in Full" node. As much as it seems logical that it would be something done after employer matching, it's not realistic or reasonable, particularly when we consider that many people will be utilizing a chart such as this will already be on contracts for Internet/phone services. As such, these bills do need to be paid before employer matching. +Lately our family has been considering installing a residential solar system to cover most of our home electricity needs, and it got me thinking about the relationship between being financially responsible and environmentally responsible. [After buying a Chevy Volt and adding 1,000 square feet to our house](https://www.reddit.com/r/financialindependence/comments/b44qvp/four_year_update/), we suddenly find ourselves paying a lot more in electricity than we were before, and then realized that we could both lower that bill and significantly reduce our carbon footprint by going solar. + +Back of the envelope calculations: current cost to install solar is \~$3.00/watt, so 10kW system would be $30k. The 30% ITC tax credit reduces initial cost to $21k. Payback period given average production of a 10kW system with \~$.11/kW utility pricing is \~**12 years**; your mileage may vary depending on your location and local tax incentives. + +Over 30 years, such a system would produce \~$50k of power, or about **$30k** net after installation costs. If you have to finance it (we're considering a cash out refinance on our mortgage), then given today's low interest rates, basically cut that in half. Admittedly, those returns over 30 years are...well, better than wasting it on avocado toast, but obviously nothing compared to an index fund. You should still invest in both tax advantaged and taxable accounts to build up a nest egg - but I think it's worth considering (especially for privileged folks like us) a few little projects like this that can both save a little money and help mitigate the effects of climate change. + +Of course, some people take this too far, in my opinion, to the point of sacrificing their financial security in order to be on the bleeding edge of environmental tech. I've got friends with multiple Teslas and solar installations in houses they don't live in for the long-term; I admire their principles because they view climate change as a bigger threat than their pocketbook, but I just personally can't help but try to make some kind of financial sense out of the decisions I make. + +Where do y'all land on balancing FIRE and environmental principles? Do you see them as working together, or opposed in some cases? +In recent years there’s been a change in the way investors, economists and officials think about public borrowing. They’ve become less interested in the debt’s size, and more focused on what it costs. With occasional hops and bounces, [30 years treasury yields](https://finance.yahoo.com/quote/%5ETYX?p=%5ETYX) have been on a pretty steady decline since 1985, which makes borrowing ever-cheaper. + +Treasury secretary Yellen said that even though the amount of debt relative to the economy has risen, the interest burden - the amount the Treasury pays to service its debt - has not, due to lower interest rates. + +[If it were possible to take interest rates into negative territory I would be voting for that.](https://www.azquotes.com/quote/711345) \- Janet Yellen, "Why Gold Is Unstoppable" by Doug French, [www.caseyresearch.com](https://www.caseyresearch.com). March 19, 2014. + +On the other hand, Michael Burry is betting that interest rates are about to go up. + +Let's assume FED raises interest rates, that brings up the question: How are we gonna service the debt if borrowing costs get increasingly more expensive? It seems like a debt death spiral - the more expensive borrowing is, the more debt you need to take to service it. + +What are your thoughts? +Hi everyone, + +I'm currently working at the ATO and I got a job offer from the Big4 and as a senior. Growth at the ATO has been pretty slow and I feel like my technical skills have not been tested or developed as quickly as my private peers. I think the Big4 will help me in terms of professional growth and open doors up in the future. + +However, I do have a young family and my partner has been accustomed to me finishing at 3-4pm to help with looking after the kids and house work. She has encouraged me to take the job, however, I don't think she grasps how difficult it will be. + +I have heard they squeeze every drop of soul from you while you're there; work life balance is non-existent. I would love to hear feedback from anyone with experience on moving from govt to big4 and whether they have found it worthwhile? +So, as the title says, turning 30. Currently rent an apartment with my partner, single income as they study full time. + +My salary is $80k before tax, only about $5k in savings. (Note salary was only $60k until 2020). Not really sure where to go from here. I really want to go about securing a house for us in the long term, but we live in Sydney and on a single income it just seems unattainable. + +Have proposed moving out of Sydney to save costs, around central coast area which is closer to where I grew up, but they don't want to leave the city behind plus it would make their commute miserable to Uni (I wfh) so I can understand that. + +Obviously once they graduate and hopefully find a job that will help things out, but really appreciate any advice at all on things I should start to familiarise myself with. + +[EDIT] Thanks all for the responses so far! They've been somewhat sobering in reminding me that 30 isn't the be all end all. Will work with my partner to get some plans together and see where we are post graduation, when there's some stronger savings ready to go :) +Just got an incorrect bill for over $500.00 from an ex-cable/internet company nearly a month after I cancelled with them and moved, due to them not processing my returned equipment. Its probably common knowledge not to do this, but I had always set them up to take the total amount every month and set no-limit as my bill fluctuated slightly due to bonuses/promotions activating and expiring. + +If they don't have an option to limit the payment amount, spend the extra 2-5 minutes to read your bill, understand it, and then pay it through online or by CC. It could have put me in a real bind if I wasn't financially prepared or if I was a student, etc. + +This may only be applicable in Canada, Im not sure. +Let me start with, I don't use Comcast. I hate that fucking company and would never willingly give them a cent of my money. + +So basically in 2007, I moved into an apartment with a co-worker/manager. We very quickly realized we didn't like each other and I moved out 3 weeks after moving in. It is possible that he signed up for Comcast using my name and social since he had access to it as he was manager at the restaurant I worked at. + +Regardless of the potential identity theft, Comcast JUST sold "my debt" to southwest credit systems who then attached it as a negative item to my credit report. Now let me reiterate, this is 7 years after the fact and this is the FIRST notice I've seen of my supposed debt, and it's the collection company adding it to my report. Never once in 7 years did I receive a letter, email, phone call, anything to state I owed Comcast anything. + +The more fucked up part of this is Comcast is starting they don't keep records from this long ago, so they have no evidence (signature, phone call) to show "I signed up" (which leaves me unable to prove that whoever used my social wasn't me; I can't show a fake signature or someone who's voice isn't mine in recording since they don't keep the records this long. + +So here is my problem; Comcast is claiming I have to prove I didn't live there during that time period. I don't know how many of you keep old lease agreements from almost a decade ago, but I certainly don't. It is impossible for me to prove that this debt is not mine, since they apparently have no other information except that the account was open for 2 year, opened with my social, and eventually became past due. They are claiming they have no records of payment methods used, how they signed up in the first place, or any evidence that I signed up at all, be-it a signature or a phone call. + +This seems like a scam to me. How come I have to prove I don't owe a debt, when they can't prove I do owe one? + +Again, I fucking hate Comcast, so I would rather let the 254.40 debt stay on my report for 7 years then give them a single fucking cent of it, but any advice to help this situation would be greatly appreciated. + +Edit: I really appreciate all of the responses and advice. It's really comforting to see that there is actually action I can take and I don't just have to eat this. I can post the turn out if it's wanted. Again, I truly am thankful for all your help. +Hello, I hope this is the right thread to post this on, if not, please let me know! + +After 8 long months of searching, I finally got a home offer accepted and I have home inspections, pest inspections, and the appraisal lined up. I already anticipate some repairs that need to be made but am not sure how to prioritize needs and what to focus on. I think I know what to do, but this is all based on common sense and basic research. + +If you have been in my position before: first time home buyer; bought a duplex; limited cash after the purchase is finished (<$20k)...what would you have done differently? What do you think I should think of that isn't typical to consider? + +Here's my current game plan: + +1. See how the reports come back and negotiate with seller if need be. Close on the property, it will be delivered vacant. +2. Prioritize pest, plumbing, and foundational repairs (I already anticipate I need to replace all the doors; windows; blinds; flooring; paint; replace the vanities in the bathrooms (3); and replace the interior stairs of one side; there is also yard work and fence replacement which I won't prioritize?) +3. Repair 2nd half of rental first to rent out asap. Ideally find a renter quickly +4. Upgrade 1st half of rental +5. Replace fence +6. Re-pave / fix the driveway and yard work in general +7. In the future (6months-2years), once I have a renter established, I'll look into refinancing my mortgage for a better rate / lower costs + +In my planning, I have looked up the cost of items (on Home Depot/Lowe's) but it's too soon for me to get quotes from professionals or general contractors - I want to wait until inspections come up. + +What else can I think about; anticipate; or just leverage to make sure I'm doing this as right as possible? + +BTW: I looked up market rent for what I could get for the 2nd half of the rental, it likely won't cover all of my costs (i.e. mortgage + escrow) but it will likely cover my mortgage at least. Market rent for a 1bed/1bath is about $1200-1500 and my mortgage + escrow will be about $1800-1900/monthly. + +The rental will be 1bed/1bath w/ garage & private driveway; Private laundry (top loading washer/dryer). +I'm looking for some assistance on choosing between a traditional and Roth 401k. I'm knowledgeable about the difference between the two but I'm still unsure which is best for my circumstance. For reference, I can contribute up to 10% of my salary and get 5% matching up to the maximum yearly contribution. + +Here is my situation: +I currently make $115k plus a potential bonus and my wife makes around $85k also with a potential bonus. She already maxes out her 401k. I am currently 39 years old with about $42,000 saved in a vested teacher retirement account that I plan to roll into whatever 401k I open. + +I am able to retire at 66.5 (about 27 years from now) but my wife will likely still work for at least 8 more years after that. + +I am able to contribute to (and get matching for) a Roth, traditional, or combination of both. + +What should I choose at this point? + +(Any other important questions that I missed, please let me know) +Hi experts + +Have been learning about writing cash-secured puts and covered calls. But what has been puzzling me is this: one stated advantage of such options is that they "lower your cost of acquisition of such shares" (i.e. lowering the net cost basis) due to the premiums collected. But proponents of such strategies say that they provide premium income and you can use it to spend on whatever you like etc. How do you reconcile such positions? + +It's really confusing. If I collect the premium and spend it on whatever I want (and treated as income), then how is my net cost basis for the stock actually lowered? Appreciate such insight. + +And on a related note: when doing the wheeling strategy and after you get assigned on a cash-secured put, how do you calculate is the **net cost basis** when deciding to write the covered call? Presumably it includes the premium collected when writing the CSP? Example: Say if I collected $50 as a premium for the cash secured put and I then got assigned. The assigned price was at $100. I now want to write a covered call against that stock. Should the strike price for the covered call now be considered against $100 or $99.50 (i.e. $100 - $50/100)? + +Thanks all! Been really helpful. + +Edited to include example. +How much would taxes take out of that? And most dividend stocks offer quarterly returns right, is it 5% total annually just broken up into 4 payments or 5% every quarter? And last thing, how do you get the money? Like say your with TD Ameritrade right, how do you collect your dividend money? + +I know these are all dumb questions i’m 16 and new to the stock market and quite frankly, I have no idea what to google to figure this stuff out. +I am in my early 30s, I started investing too late, nobody in my family has ever invested in the stock market. After my research I decided to to invest both in dividend stocks and also in growth stocks. Luckily for me few weeks to starting on this, the market tank. I was able to get in on stocks at very good prize +70 shares of NYMT at 1.13 +190 shares of LUMN at 8.8 +40 shares of CTRE at 9.6 +This brought the total shares to roughly $2,135, since I did dividend reinvestment, I just found out that i am making $21.5 monthly. +So I compared it with the growth stocks I started at that same time with about $2000, I have made more than $10k in profit. + +So please for the experienced investors here. I am torn on continuing funding the dividend account when I can use it to increase the growth portfolio. FYI: I have made up my mind am not going to sell those dividend stocks but going forward what are your take on growth stock(I hear people say dividend is for people who dont like risk) and am also aware that the profit is as a result of how well the market is doing. Please leave your advise I want to learn from your journey. + +Thanks +**Hi-diddly-doo fellow Aperino's!** + +**Nurse Mimi the medi-ape is here for your daily run down!** + +**I hope you are comfy with a nice hot (or cold) drink, ready for your digest - it will be long - as per usual.** + +[HAPPY MONDAY!](https://preview.redd.it/1x1ky75atdv61.png?width=848&format=png&auto=webp&s=eed76651356cbab2060168287108256c1302b8b5) + +**Just a tiny modification to my presentation, all text which is taken from an author will** **~~start with an indent~~** **(Edit: That didn't work!) be in speech marks, as opposed to my previous layout where I modified it all in italics. Anything I write myself will be in bold.** + +**An additional sentence under each news post will be added for my babyapes and smooth brain apes via ELIA -"Explain Like I Ape".** + +\--------------------------------------- + +https://preview.redd.it/tri4fwkythv61.png?width=634&format=png&auto=webp&s=22b0a600db38307e053b15e69f495488b3ff3f46 + +**DTCC liquidity risk testing on 26th April 21 - THATS TODAY!** + +[**u/bosh023**](https://www.reddit.com/user/bosh023/) **Wrote:** + +"What's interesting here is, this is an annual test which was last completed 24th Aug20, this test has effectively been brought forward to 26th April 21. The 2019 test was conducted on 26th Aug 2019. I feel it adds to the general conscious that something is brewing behind the scenes relating to leverage. + +Capped Contingency Liquidity Facility (“CCLF®”) is an integral part of the Fixed Income Clearing Corporation’s (“FICC”) role as central counterparty under the Government Securities Division (“GSD”) and the Mortgage Backed Securities Division (“MBSD”). On an annual basis, FICC conducts a mandatory CCLF test with all GSD Netting Members and MBSD Clearing Members in order to satisfy the requirements of a covered clearing agency with respect to its management of the liquidity risk. + +**APR21 - notice to all members** + +[https://www.dtcc.com/-/media/Files/pdf/2021/4/20/GOV1082-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/4/20/GOV1082-21.pdf) + +**AUG20 - notice to all members** + +[https://www.dtcc.com/-/media/Files/pdf/2020/6/24/MBS861-20.pdf](https://www.dtcc.com/-/media/Files/pdf/2020/6/24/MBS861-20.pdf) " + +**ELIA: DTCC check if enough bananas for risk today.** + +[DTCC planning liquidity risk testing on 26th April 21 (4 months early) : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mww2ah/dtcc_planning_liquidity_risk_testing_on_26th/?utm_source=amp&utm_medium=&utm_content=post_body) + +\--------------------------------------- + +**EXTRA EXTRA!!!**\--------------------------------------- + +[**u/MrPinkFloyd**](https://www.reddit.com/user/MrPinkFloyd/) **Posts an announcement:** + +"Not everyone who is drawn to GME is savvy with sorting/filtering threads, and/or familiar with Reddit. We should make it as easy as possible to get the best info. It's just good business. " + +[Petition To Get an "All The Top DD" Thread Pinned : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mycnyg/petition_to_get_an_all_the_top_dd_thread_pinned/) + +**Dear apes, if you find it difficult to find DD or want the DD to be more accessible via it being pinned, please go to the above link and upvote for visibility.** + +\--------------------------------------- + +\--------------------------------------- + +**Contents:** + +**Section 1- GME DD** + +**Section 2 - HF's/DTCC** + +**Section 3 - MOTIVATION** + +**Section 4 - WEATHER** + +\----------------------------------------- + +\----------------------------------------- + +**Section 1 - GME DD** + +\----------------------------------------- + +[**u/BornLuckiest**](https://www.reddit.com/user/BornLuckiest/) **Posts:** + +"There was simply speculation about the US flag, democracy and voting. It just felt to me like we are missing something - why at half-mast - people just staying something about a vice president who died before Ryan was Born. It all seemed a stretch to me and to be honest (have you got your tin-foil hat on?) like they were trying to distract me from its real meaning! + +So firstly, we have to ask why half-mast? So A flag that is half-mast is either on its way up or way down, right? So perhaps that's part of the hint, is the flag going up or down? + +As I discovered, *THAT* is what Flag and Pennant Analysis are all about - finding out if the stock is about to go up or down. + +Crayons make nice pictures! " + +**ELIA: Ape thinks flag picture not for long dead vice president but for the flag we see in GME.** + +[\\"Bullish Pennant Windsock\\"](https://preview.redd.it/m8m4knqv7hv61.png?width=1554&format=png&auto=webp&s=d3d3ef5194473b0b26168f9ce04e107fb20ebb91) + +[GME Pennant! (NEWLY Decoded Message from Ryan Cohen Tweet) : GME (reddit.com)](https://www.reddit.com/r/GME/comments/myipc1/gme_pennant_newly_decoded_message_from_ryan_cohen/) + +\----------------------------------------- + +[**u/nayboyer2**](https://www.reddit.com/user/nayboyer2/) **posts:** + +" Here is a different way to look at the OTC GME data. It should be abundantly clear that what is going on in the OTC dark pools is extremely abnormal. Citadel and Virtu market makers seem to be doing a whole lot of OTC trading. How did they get hundreds of millions of shares? What about Two Sigma? Why are the same entities trading so much volume so frequently in the OTC marketplace? Why did the number of shares / trade decrease so drastically beginning 1/25? Winter is coming. Are any of them wearing any clothes??? " + +[OTC high frequency trading.](https://preview.redd.it/6vlk7jc59hv61.png?width=638&format=png&auto=webp&s=7ac40d6b2be568fd93f5870866af7b6791563455) + +"Robinhood stepped up again with some serious high frequency OTC trading. Did anything happen that week? Oh yeah, the GME price experienced a huge drop from 280 to 210 on 3/15 and then to around 172 on 3/16. They didn't switch things up at all from their previous attacks. 297,276 shares traded 297,194 times for an average of 1.00 shares/trade. " + +**ELIA: Hedge funds are being mega shady trading shares between themselves very quick to confuse computer algorithms and drop price/keep price low.** + +[(1) Probably the last DD you'll ever need to read... The OTC Conspiracy - Shining Some Light into the Dark Pool data : GME (reddit.com)](https://www.reddit.com/r/GME/comments/myku8k/probably_the_last_dd_youll_ever_need_to_read_the/) + +\----------------------------------------- + +**On request by** [**-\_Artemis**](https://www.reddit.com/user/-_Artemis/) **- thank you for the link:** + +[**u/YoungUrk**](https://www.reddit.com/user/YoungUrk/) **posts:** + +[Board recommends us to vote for all the six nominees.](https://preview.redd.it/r5bzu72rxhv61.png?width=640&format=png&auto=webp&s=2496364f846a038323eb64c68ecd31fcd5a4806a) + +**ELIA: All members of banana boat stock agree all members should be voted for by apes.** + +Y[ou may revoke or change your vote at any time - THE BOARD UNANIMOUSLY RECOMMENDS THAT YOU VOTE “FOR ALL” OF THE BOARD’S SIX NOMINEES (directly from the proxy statement) : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxzmwh/you_may_revoke_or_change_your_vote_at_any_time/?utm_source=share&utm_medium=web2x&context=3) + +\----------------------------------------- + +[**u/WhileNo1676**](https://www.reddit.com/user/WhileNo1676/) **Explains:** + +"Not that I think he’s a bad actor, gme OG’s will know he actually did a lot of good and I think he’s more on Ryan’s side than jim bell and Kathy Vrybeck. But he will be incentivized to sell some of his shares if not voted onto the board, so vote yes AS RC RECOMMENDED and keep his shares locked up." + +**ELIA: Maybe ape recommended to vote for all nominees to lock extra bananas away from HF's.** + +[Voting Sherman in means his 1mil + shares remain locked up : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxyf4j/voting_sherman_in_means_his_1mil_shares_remain/) + +\----------------------------------------- + +[**u/Chabkraken**](https://www.reddit.com/user/Chabkraken/) **shares:** + +"The wave of amateur Korean traders has been inspired by a US campaign against hedge funds that had made bearish wagers on companies such as gaming retail chain GameStop. Kstreetbets, an online forum that targets short-sellers, is named after the popular Reddit group r/WallStreetBets + +Kstreetbets members call themselves “ants” and have dubbed their cause “the Donghak Ant Movement”, a reference to a failed uprising by farmers in 1894 against corrupt aristocrats and growing foreign influence in Korea. Today, many Korean retail traders feel as though they have been exploited by local institutional and international investors + +The “ants” are testing their political power by demanding regulatory changes in the stock market. Some had called for a campaign against ruling party candidates in mayoral by-elections this month in Seoul and Busan, the country’s two biggest cities, and in the presidential vote next year." + +**ELIA: Korean ape strong. Korean ape hold with us. We love all apes.** + +[https://www.ft.com/content/060b527e-8f8c-48f8-9809-8f0e6d60fc37](https://www.ft.com/content/060b527e-8f8c-48f8-9809-8f0e6d60fc37) + +[South Korea’s retail investor army declares war on short-sellers : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myaka1/south_koreas_retail_investor_army_declares_war_on/) + +[GME make us Stronk.](https://preview.redd.it/ozaa97y8khv61.png?width=650&format=png&auto=webp&s=79a202c50620d4098ae7fe960f2f2fedeb54d4f9) + +\----------------------------------------- + +[**u/greysweatseveryday**](https://www.reddit.com/user/greysweatseveryday/) **Posts:** + +" Over-voting does not directly and immediately trigger a share recall or force shorts to cover. It does provide the company with information on the total votes cast, which it could use as evidence of massive naked shorting of its shares and consequently the fraudulent creation of millions of shares. The company may publicize this information, which would refute the narrative that all shorts covered and would put the SEC and the NYSE on notice that this has happened and needs to be investigated and resolved immediately. Vote your shares. " + +**ELIA: Voting good. Vote if you can! Ask for control number and go to proxy voting site! DO NOT CLICK LINK ON REDDIT- Lots of sneaky snakes trying to take your votes!** + +[(11) DD: Here's what happens if there is over voting (more shares voted than issued) : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mya2a8/dd_heres_what_happens_if_there_is_over_voting/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/donkeydougie**](https://www.reddit.com/user/donkeydougie/) **Writes:** + +"GameStop had a [not-so-great Q1 in 2020](https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-first-quarter-results), with: + +* Net Sales: $1,021.0M +* Gross Profit: $282.4M +* Net Income (Loss): ($165.7M) + +Which, looks even worse compared to their [Q1 2019 numbers](https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-first-quarter-fiscal-2019-results): + +* Net Sales: $1,547.7M +* Gross Profit: $471.2M +* Net Income: $6.8M + +Now obviously their Q1 2020 numbers were impacted significantly by COVID-19, which must be taken into consideration. + +Anyways, given the weak performance in last year's Q1, GameStop could potentially have a blowout quarter this Q1 (relative to Q1 2020 - and, potentially, in general)." + +**ELIA: GME did mediocre before. GME might do very well now! Apes buy more product from stores helping sales!** + +[This is the Last Week for GameStop's Q1 2021 Fiscal Quarter! : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myhxcl/this_is_the_last_week_for_gamestops_q1_2021/) + +[ u\/RafaelNobre posted this image, created by the artist Banksy.](https://preview.redd.it/itp2r097phv61.png?width=640&format=png&auto=webp&s=d99266be537482b471b0a8060494b1fe47970a62) + +\----------------------------------------- + +[**u/ThoughtfullyReckless**](https://www.reddit.com/user/ThoughtfullyReckless/) **Posts:** + +**A fantastic weekly round-up of DD. In case anyone wants a list of all DD's from this week!** + +[Weekly DD roundup: w/e 04/25/2021 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myc8ch/weekly_dd_roundup_we_04252021/?utm_medium=android_app&utm_source=share) + +**ELIA: Smooth brain ape no read this one, too many lettery words.** + +\----------------------------------------- + +**Section 2 - HF/DTCC** + +\----------------------------------------- + +[**u/Ninblades**](https://www.reddit.com/user/Ninblades/) **Posts:** + +The NSCC along with the DTC is complicit in defrauding America's investors and its corporations through a Share Borrowing Program designed to allow its participating members to reset their FTDs while maintaining an air of innocence by professing it is powerless to enforce buy-ins due to a rule that they themselves implemented to uphold a lender's identity. + +I'll let Dr. Acosta have the last word: + +***“*** \*When this very same party (the DTCC and its subdivisions) that also has 15 of the 16 separate sources of empowerment to execute buy-ins ALSO pleads to be “powerless” to do buy-ins then I’d say we have some “issues” to deal with especially when the financial benefactors of this acting to be “powerless” are the owners of the clearance and settlement system and the bosses of these management teams."\**Dr. Jim DeCosta* + +Unless the SEC steps in and force the criminal organization that is the DTCC to clean up its act, this charade will continue and nothing has changed since [2004](https://www.sec.gov/rules/proposed/s72404/s72404-14.pdf) when the Stock Borrowing Program first came into effect. + +**ELIA: DTCC likes giving bananas to HF's and try hide banana from ape. SEC need stop this.** + +[(11) The DTC and Its Subsidiaries (DTCC & NSCC) is Complicit in the Robbing of America : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/my4le1/the_dtc_and_its_subsidiaries_dtcc_nscc_is/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/Senior\_tasteey**](https://www.reddit.com/user/Senior_tasteey/) **Shares:** + +https://preview.redd.it/lgcn8u25thv61.png?width=640&format=png&auto=webp&s=4146c5a939c2f4de676ecb20f9d1db3622ce451a + +**u/**[**Bows\_N\_Hoes**](https://www.reddit.com/user/Bows_N_Hoes/) **states in the comments:** + +He is basically saying all the pro-HFT people that say HFT’s “improve liquidity and price improvement for retailers” is hogwash. And considering he is an engineer that actually understands the advanced algorithms, I’d say he might be right. + +**ELIA: Fast banana trading is never good for ape. DTCC and HF's lie to ape about it being good.** + +[(11) EX-SHITADEL EMPLOYEE-TURNED-APE ON US MARKETS! : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myiq1n/exshitadel_employeeturnedape_on_us_markets/) + +\----------------------------------------- + +[**u/Dragon747**](https://www.reddit.com/user/Dragon747/) **Shares:** + +[Oh no. We all know what it means when CNBC is pushing something.](https://preview.redd.it/617sl0i6vhv61.png?width=640&format=png&auto=webp&s=cb6309976e78e084d9b722fea16022062e85ce01) + +**ELIA: CNBC are paid by snakey HF. When CNBC says something positive about something, usually opposite happens for snakes to get innocent ape bananas.** + +[ Found this article this morning.... If CNBC is positive/ trying to move Treasury bonds on behalf of their masters... Welcome to the beginning of the end of the end... : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myii2t/found_this_article_this_morning_if_cnbc_is/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +**Section 3 - MOTIVATION** + +\----------------------------------------- + +[**u/nbrix**](https://www.reddit.com/user/nbrix/) **Posts:** + +[LOL. Who did this?](https://preview.redd.it/tx2rzzwvvhv61.png?width=640&format=png&auto=webp&s=b932999d57332e99b7cae3081f5d24d42356e08a) + +[Checked Glassdoor for any job postings... You beautiful bastards didn't let me down. : GME (reddit.com)](https://www.reddit.com/r/GME/comments/mymfsu/checked_glassdoor_for_any_job_postings_you/) + +\----------------------------------------- + +[**u/feltdumbmightdelete**](https://www.reddit.com/user/feltdumbmightdelete/) **posts:** + +[Hahaha. So true!](https://preview.redd.it/g43a9zc4whv61.png?width=960&format=png&auto=webp&s=e14de175659fe14dc0030fe9b733a1047089b86d) + +[the latest estimations are in : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxza6y/the_latest_estimations_are_in/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/OutdoorAdventurer**](https://www.reddit.com/user/OutdoorAdventurer/) **posts:** + +[What we will all be drinking on the moon!](https://preview.redd.it/hwowyc3cwhv61.png?width=640&format=png&auto=webp&s=cf287f2f55f164fd31f93e6cfa769cb0ac587e8c) + +[(3) Cocktail at my local steakhouse!! 🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxwhg9/cocktail_at_my_local_steakhouse/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/forbiddenloser**](https://www.reddit.com/user/forbiddenloser/) **Posts:** + +[So true. Every day the plot thickens for the ultimate epic tale.](https://preview.redd.it/ldao4bliwhv61.png?width=700&format=png&auto=webp&s=f972eda014ad1d0a4c837f7174b158696d3de128) + +[ 🌚 🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/my2x8y/_/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/ApprehensiveLevel-2**](https://www.reddit.com/user/ApprehensiveLevel-2/) **posts:** + +[Love Mark Cuban. Wise man with very wise words.](https://preview.redd.it/lesop98wwhv61.png?width=640&format=png&auto=webp&s=f3422b13950e16dff735f1d90ea5b348692a27a2) + +[ Just a bit of reassurance that Mark fucking Cuban believed in the little guy winning. “Changing the game is ALWAYS messy” : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/my7sin/just_a_bit_of_reassurance_that_mark_fucking_cuban/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/1980sTokyo**](https://www.reddit.com/user/1980sTokyo/) **posts:** + +[So true. Hold strong apes. And when in doubt - zoom out.](https://preview.redd.it/9g0l5ntpwhv61.png?width=548&format=png&auto=webp&s=a4c0f5cc4585fdf6021b8762d0869221dd85a7a1) + +[Just gonna leave this here for fellow Diamond hand apes 💎🙌🚀🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxvben/just_gonna_leave_this_here_for_fellow_diamond/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +**Section 4 -** **WEATHER** + +\----------------------------------------- + +[ Meme by MrAldo2752](https://preview.redd.it/fe0kn2h9ihv61.png?width=566&format=png&auto=webp&s=c72a3b09b34f7efb4067adce9f4ec6b6d496e5f1) + +**Guest weatherman** [**Sa0t0me**](https://www.reddit.com/user/Sa0t0me/) **predicts:** + +There's a shill low pressure cloud forming on WSB and slowly creeping into [r/superstonk](https://www.reddit.com/r/superstonk/), 90% chance of FUD, clear skies. + +**Nanananananana Batman predicts:** + +Looks like it might start raining cats. Some of ya'll will still find it hard to get some p\*\*\*y. + +**Nurse Mimi predicts:** + +Looking at my magical machine-bob, looks like we start the day with some confirmation bias, morning beginning with heavily jacked tits. As the day goes on we may have strong winds, straight out of Sh\*tadels bum, onto the GME stock. It may be that if we don't properly route our buy orders through fair market makers, Sh\*tadels bumhole can then inhale our shares into their black abyss. + +**And that's all for the weather today!** + +\----------------------------------------- + +**Guys I would love to have you make the weather prediction posts as it is fundamental for a newspaper.** + +**Please post weather predictions in comments and I shall post the top three daily!** + +\----------------------------------------- + +**Lots of love,** + +**Nurse Mimi** + +🚀 🚀 🚀 + +\----------------------------------------- + +**Skip to yesterdays news:** + +[(11) MORNING NEWS (And obligatory memes) from Medi-ape Mimi. 👨‍🚀 25/04/21 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/my4u0t/morning_news_and_obligatory_memes_from_mediape/) + +**POLL TO NAME MY NEWSPAPER:** + +[~~(2) MORNING NEWS NAME POLL : Superstonk (reddit.com)~~](https://www.reddit.com/r/Superstonk/comments/mz2ewr/morning_news_name_poll/) + +[ MORNING NEWS NAME POLL ROUND 2 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mz4275/morning_news_name_poll_round_2/) +I started considering having a health insurance. I gave it a few gos, inspecting their policies, always stopped there. + +I'm 24, not much existing conditions (they don't even ask this at the beginning stage). I got a quote of £150 per month for no excess, and £1000 limit. So I pay £1800 for a year, and I can only spend £1000 - and I (hopefully) may don't even have to. + +Then I have to ask them every time, waiting long queues to cover my treatment, and they may not even pay it (searching for excuses). In comparison, if I just go to a private doctor, ask for an appointment, I just pay the bill, and that's it. + +Consider the following scenarios: + +\- in a year I have to have treatment for £500 - I paid £1800 for insurance. I'm £1300 negative. If I'd pay from pocket, it'd only cost £500, but I paid £1800.- in a year I have to have treatment for £3000 - I paid £1800 for insurance which covers £1000, and I have to pay £2000 extra. I'm £3800 negative. If I'd pay from pocket, it'd only cost £3000, but I paid £3800. + +Am I missing something, or this is a huge robbery? No matter how I look at it, I'm better off pay as you go without insurance in a financial stand point. +Just dreaming about being a rich bastard one day. How much money, whether it be liquid or in assets would be 'enough' to comfortably buy a 3 mil house in full, no mortgage +A large amount of you thought the virus was a "glorified flu" that would have limited impacts on the market. + +Now the common malarkey I see here is that "the market will shoot right up as soon as the virus is under control in 3-6 months." + +This assumes that the bear market we are seeing was entirely caused by the coronavirus and not that the coronavirus was a trigger that caused a sell-off for other/additional reasons. + +Once the virus is "under control" we are going to see many following quarters of negative earnings reports. We will likely be in a recession marked by job cuts that will impact the affected people's ability to pay their mortgages and contribute to 401ks and make discretionary purchases. Consumer confidence will remain challenged. The market will have to readjust to an environment where the Fed can't bail it out with an interest rate cut automatically as it has the past decade. + +Additionally the massive amount of bail outs to industry and support of affected workers means even more debt on top of an economy that is more indebted at the government, consumer and corporate level than in 2008. + +Don't make the mistake of viewing the current market environment solely through the lens of COVID-19. We will be in an entirely new economic environment when this passes. +Guys, Gals and people in between, there's something really simple y'all need to understand about dividends, which is that a company pretty much can't issue one until they have a net positive EPS. As a lawyer Ape, I could explain in excruciating detail all the reasons they can't, but most of us just woke up and probably don't want to go back to sleep just yet. The long and short of it, basically, is that they *legally could* issue a dividend on negative EPS, but they'd **probably get sued** by their shareholders and potentially by the SHFs. + +That said, as soon as they hit even $.01 net positive EPS, this game changes. I've seen REITs and other dividend based stocks issue $.25/share dividends on $.02 net pos EPS. Seriously. + +So, the end game here is to make sure GameStop achieves positive EPS *as quickly as possible* so that a dividend can be reinstated (hopefully of the NFT/crypto variety). GameStop is not formally releasing guidance, but they are rumored to believe they will hit net pos EPS by EOY. Until then, the share price **literally doesn't matter.** *Just buy and hodl.* You can basically stop watching the ticker. + +Now that we understand the endgame, **what can you do to help** GME hit net positive EPS? You know this, apes. You've known this for a long time. + +# SHOP AT GAMESTOP. + +It's really that simple. + +Edit 1: People have asked "but why can't they issue an NFT or crypto dividend on negative EPS, since they are basically created out of thin air and have no intrinsic value." The answer can be found in **OSTKO**. To get past regulators, the OSTKO token had to be tied to **redemption/liquidation rights** that allowed the token holders to exchange (i.e. "burn") the token for *common shares* in Overstock. In short, they had to have some *actual, real world value.* Now, people haven't redeemed their OSTKO tokens en masse, though I'm sure some of them did. The point is that they *could*. +I bought a Toyota Coralla 2009 in 2012 for 13k. It now has 80k miles and is in very good shape and totally paid off. Only debts are mortgage and wife's car (Camry, almost paid off) + +The dealership has called me a few times, which I finally answered last night and they are saying they're low on inventory and are willing to pay retail, as long as it's still in good condition. + +We've been talking about upgrading to an SUV or mid size pick up truck, since we've started a family and are having a tough time fitting in the car. We were planning on waiting about a year to do this, but I feel tempted to make the jump if we can get a fair amount for the car. + +Questions are: Is this a dealership style scam? Is it even worth checking into or would we be best just sticking to the plan? + + +I currently have a Axis Bank Savings account and applied for Axis Forex Card to manage initial days expenses. Right now I have no idea how to send my tuition fees, which a single transfer around INR 22,00,000 to my university. I'm planning to open a bank account there. So far from what I researched, Barclays is good for receiving International funds. My parents have to send around INR 80,000 per month to my UK bank account for my expenses there. I dont feel comfortable with my parents transferring a lot of money at a time for my expenses as i am not so good with budgeting . so i prefer them to send me every month. After digging little deeper, there are so many hidden charges, and I can loose upto 5k easily of my monthly expenses for bank charges and god knows how much will i loose when i transfer my fees to university. so please someone guide me how to send and what accounts to have for + +1. sending my 22,00,000 INR fee to university one time +2. transferring around 80,000 INR per month to my personal account in UK +I am Indian and an Indian resident, I own a business and we licence digital products to a US company which are then sold by them to US consumers. The income I receive from sale is categorised as royalty income and is subject to 15% witholding TAX form the US government. Which means for every $100 spent, the company holds $15 and pays it to the US govt. They also send a form 1042-S which mentions the witholding amount that is paid to the IRS. The problem though is that I found out that I need to submit tax returns to the IRS as well. +Can anyone shed some light in this, does anyone file tax returns to the IRS being an Indian resident ? +Any help would be appriciated. + +Thanks! +I plan on investing soon in the stock market and I would really appreciate it if you can be me books or sites that teaches you the basics and tips on starting. All help is greatly appreciated. +To start, I will never be able to adequately thank the amazing apes which are part of this incredible community. u/rensole, u/atobitt, et al have been an inspiration to this ape. In addition to doubling, tripling, DFV’ing down on the stock, I have had more entertainment in the last few months than I have had in years. No matter what happens tomorrow, next week, next month, or next year, know that I will continue to buy and hodl with all of you to make sure we can transform our collective future. While I have posted in r/wallstreetbets, I have never posted in r/GME, and this is my first post in r/Superstonk. In full disclosure, I voted for the Red Cocaine Crayon, but it was a very difficult decision between the MS Paint and the Crayola submission. I can imagine I am one of many triple digit share hodlers who is only interested in the movement and helping others to become financially independent. If we stick together, we will be stronger than any institutions who try to push us down....just remember - HODL to make sure we show the SEC, DTCC, Hedgies, and even Congress that apes together strong should never be underestimated! 💎🙌🦍 + +EDIT: Thank you fellow apes for all the kind words and awards. I am humbled by this community. Cheers! +A few weeks ago I was stopped at a red light when I was hit from behind by a driver that had failed to stop. I was shoved forward into the car ahead of me, causing damage to the front and rear of my vehicle. All the fault was put on the drive behind me. My car was a 2013 Subaru Crosstrek with 95,000 miles. It had additional features including a backup camera and a 2 in. hitch installed and a very good maintenance record. + +My car was determined to be totaled. I am being offered $14,000 for the value of the car. This is not even close to the cost of a replacement vehicle especially with vehicle prices how they are right now in the US. If I accept this offer I will have to put in a couple thousand dollars of my own to buy an equivalent car or buy a car with 150,000+ miles. + +I looked through the Market Valuation Report given by the insurance company and it seems like they are subtracting $1800 in value from each car they compared my vehicle to. When I asked them about the $1800, they said each car is a dealer vehicle and because every dealer puts a new windshield and tires on the car the actual value of the vehicle is $1800 less. That is completely wrong because private and dealer vehicles both appear to sell at the same price. I am assuming if new tires and windshield are put on, the cost for that and profit for the dealer is covered by dealer fees. + +They told me a could challenge the price by showing comparable cars I find through my research. However, they said they had to be dealer vehicles. Obviously, they would just knock $1800 off the value of the car and end up again at $14,000. An additional $1800 would make the difference between me having to put in my own money or not. + +I really liked the car and I don't want to put in my own money or get a downgraded car when the accident was not my fault. Both I and the driver at fault were insured, and I am going through the insurance of the driver at fault. I have tried working with both insurance companies and neither wants to budge. What are my options at this point? Do I have to accept their offer and put in my own money to get a comparable car? +Many people are very, very fickle. They want to go long on the upswings and go short on the downswings. People want to make big money, fast. When we were up, everyone was screaming buy. While we are down, everyone is screaming sell. This is not the end. Close your computer, grab a beer with a friend you haven't seen in a while, sit back and enjoy life. Crypto is not going anywhere. Me personally? I really, really wish I could buy more. Why? Because i'm not here to swing trade or daytrade cryptos. I'm in here because I see ETH going up over time. And especially around the 100-150 area I think is a fantastic time to buy while we still can. It may not be a month or more until we break this downtrend who knows. But all I know is that ETH has been out for 2 years and nearly surpassed the founder of blockchain technology itself that has been around for 8 years. If that doesn't tell you we have at least SOME kind of future, I don't know what will. +It's very easy to focus on the prices of these things because they are so volatile. But you have to realize, am I in this because I want to make a quick buck or because I want to see this project come to life? + + +It's funny that when we were going up so high that everyone started giving investment advice and everyone believe in ethereum. Now that we are going down (for no fundamental reason I might add), suddenly everyone is bearish and eth is useless. That is far, far from the case. + + +The thing is, all this fiat money that inflated the value of crypto in general, where did it go? Back in fiat? Sure. But you have to think, if all this money went into crypto and people realized these huge gains, now that it is flowing out, what makes you think all that fiat isn't waiting to buy back in again? + +Markets work in boom-bust cycles. And what we are witnessing is simply that. Even though we have drastically declined, we are increasing awareness and the next wave we experience will be much much bigger than this one. + + +So don't panic, don't doubt, just go out and live life and check the charts every now and then and realize in the end, 100 dollars, 200 dollars, and higher will be worth it when this project comes to it's fruitions. +With the lowest unemployment rate ever and WFH being the norm, I wonder if anyone here attempted the "impossible" feat of working at 2 full time jobs (not side gig). + +The scenario: you work at company A for years and became very efficient at your job, but work became toxic and you start applying for other roles. Company B puts out an offer, and you accept. But you decide not to tell company A for a while, and do a half-a\*\* work on A just enough not to get fired. And if A fires you, so what? You were about to quit, and still have B lined up anyways. + +Keen to hear from legends out there who managed to game the system at this level +The company announced during its latest earnings report on Tuesday it intends to pull all its movies from Netflix. + +Instead, Disney plans to launch a branded direct-to-consumer streaming service in 2019. + +The company will also launch its own ESPN video streaming service in early 2018. The platform, which will feature about 10,000 sporting events each year, will have content from the MLB, NHL, MLS, collegiate sports and tennis' Grand Slam events. + +To power the services, Disney buying a majority ownership of BAM Tech for $1.58 billion. Disney bought a 33 percent stake in the company, which was spun off from digital media company MLB Advanced Media, in August 2016. + +"This represents a big strategic shift for the company," CEO Bob Iger told CNBC's Julia Boorstin. "We felt that having control of a platform we've been very impressed with after buying 33 percent of it a year ago would give us control of our destiny." + +Netflix stock declined more than 3 percent upon announcement of the news. + +https://www.cnbc.com/2017/08/08/disney-will-pull-its-movies-from-netflix-and-start-its-own-streaming-services.html +The standard explanation is that people will just wait and not buy, but I dont see that happening. If I want or need a car, even a 5 percent reduction in 2 years would not prevent me from buying a car. If I need a new smartphone, Im buying it now. If I want a flat screen, Im buying it now. In fact, the argument IS disproved with tech items, as most of them DO get cheaper in a few years, yet people still buy them massively. + +If I need food today, Im buying it now - the price in 2 years does not matter. I am a forced buyer + +Also, a lower price point would not matter, because many times that would increase demand, and thereby stabilize the supply/demand. + +It basically just seems like a protection scheme for capital good valuations that is counter to reality. In the real world, depreciation happens. Assets get old and devalue. So we have decreed by law that that depreciation is mitigated by tax writeoffs, again supporting asset valuations unnaturally. + +When I stand back and look at it, this theory seems to be nothing more than a scheme to support capital accumulation unnaturally at the expense of the general welfare. + +Am I missing something? +I know very little about economy, so bear with me... I have been wondering what will happen to Greece if (or when) they go bankrupt. I realize a lot of countries, banks, pensionfunds ect. will lose a lot of money, but what will the future for Greece look like...What happens when a country goes bankrupt? + +Edit: Thx for the answers...I learned something today...appreciated! +Husband and I haven't had a Christmas tree in years because we couldn't afford to spend the money. Today we were randomly browsing Lowe's and saw that they had a deal - all tabletop (3') real trees were only $3. That was already great, but we didn't have any decorations. We stopped by Goodwill, and they had 50% off all Christmas decor. We got a tube of ball ornaments, a big tinsel garland and two bows for the top for $3. All together the whole thing was $6. It may not be a big deal to some people, but we really missed feeling the holiday spirit without a tree. Just wanted to post this in case anyone was in a similar situation and could use the tip. +Dear All, +I'm dreaming about a 100% automatic plafond management, where I just need to transfer my money via monthly autogiro to my investment account...and my money goes where I decided to go (in my case: 10% China ETF, 30% FTSE All World ETF, 60% SPY ETF). +Any suggestion on how to make this dream reality? +My parents have asked me if they can have my bank details. They said it's just for ID checks as they are getting a new mobile phone. Does this mean they are trying to take out credit in my name? They have terrible credit themselves and I don't want them doing this. Is it even legal? + +I presume if they are taking credit out in my name, they would change the payment details to theirs before the first payment, but surely this will show on my credit file? + +I bought them a phone on contract years ago as a gift, but I haven't been paying that for years. Could it be linked to this? + +They said 1p will be taken and returned to my account. They were very blasé and vague about it and haven't replied to my text after I texted them questioning why, which makes me suspicious. Should I be? Or is this nothing to worry about? +I want to clarify that he used my paypal account with my knowledge, we live basically as a married couple and he used this money to support us while I'm in school. The gross amount is 25k. + +Obviously we live on very little income; our house and cars are paid for so insurance, groceries, and utilities are our only expenses (we are extremely frugal) +I'm trying to clean up my portfolio. Most of the dividend ETFs I'm looking at buying already have alot of my individual companies (coke, Microsoft, J&J, etc etc.) + +You think it would be a good idea to sell most of them and diversify them into ETFs? +https://finance.yahoo.com/news/top-10-tech-stocks-buy-161523185.html + +Jack Ablin, Chief Investment Officer at Cresset Wealth Advisors remains pro-big tech. His bull thesis: “People have to keep in mind that the five largest tech companies make more in earnings than the entire Russell 2000 combined, so this isn’t the internet bubble.” + +Michael Farr, president of Farr, Miller & Washington LLC contends that fundamentals are driving capital into big tech, and a divestment due to current headwinds would be “a sucker’s trade.” + +With all of that in mind, here are 10 tech stocks to buy for 2021: + +Google (NASDAQ:GOOG, NASDAQ:GOOGL) + +Microsoft (NASDAQ:MSFT) + +Intel (NASDAQ:INTC) + +Advanced Micro Devices (NASDAQ:AMD) + +Facebook (NASDAQ:FB) + +Amazon (NASDAQ:AMZN) + +Taiwan Semiconductor (NYSE:TSM) + +Apple (NASDAQ:AAPL) + +Salesforce (NYSE:CRM) + +Nvidia (NASDAQ:NVDA) + +Except for intel, all the tech stocks listed provide reasonable growth to investors. These tech stocks will not go away under a recovery economy. These companies keep innovating and achieving goals. The only stock that I don't agree is intel because it is not going into the right direction. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* 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 have been investing in Axis long term equity for quite sometime and have amassed a portfolio close to 10L. Even though it has been underperforming for quite some time as compared to its peers and the index I was confident in its long term prospect. However only recently I have started doubting my decisions and would like to know whether I should continue with the fund or move to a different for long term fund. Thanks in advance. +Hello everyone. My wife is having health issues so we’re moving from the country to the city for awhile. We’re selling our ranch and will have about 1.7 million in cash once everything is said and done. We aren’t really “city people”. Once my wife is doing better, we will probably move again. Doctor said 1-2 years but she might always have health issues going forward. Should we pay cash for a house we might only live in 1-2 years? Should we rent? Renting makes us a bit nervous given everything that’s going on in the world. I don’t think it makes sense to mortgage for that time frame. What do you think? Is it crazy to pay $650k in cash? + +Edit: I’ve decided to rent a house but increase my budget so that I can get a newer-build house. I will also be taking a flashlight to view the rental so that I can inspect it well. What really made the decision for me was the thought of buying and having to replace a roof or fix a cracked foundation etc… Buyers are waiving inspections in our crazy housing market. Thank you all for the insight and kind words. +Its an overwelming day, i would like to thank my nan, my mum, my dad all my family really, Calv for believing in me! everyone who supported me!!! i would like to thanks Ken Griffin for the extra motivation to carry on hodling, all the mods, Rensole, chess, atobitt, pink cat, bye triangle sorry if i've missed anyone else. please allow me a few hours to spend time with my family and friends, during this important time. thank you all. +Lets stick with the theory that 1 stock turns into 4 stocks but this has no impact on the shorts because they just fire up the synthetic printer to spit out more shares and brokers just multiply your count by 4 and display that number of shares on your screen while dividing the price by 4. + +We trade sideways for a month and nothing happens to the price. Shorts are confident as fuck they have done it again. Kenny goes back to chugging mayo using a boba tea straw. + +Now remember the share count went from 76 million to 304 million. + +Also remember that GME is one of the only companies out there that is shorted above 100% of the float and is working on a Crypto wallet and NFT exchange. + +Also remember a company O Stock who has nothing to do with Crypto released a crypto dividend to squash shorts and have the price shoot up 17x in 4 months. + +https://preview.redd.it/lydm226mfbr81.png?width=1302&format=png&auto=webp&s=9784948175dbac15f4fde09c40c6844d6acfcd11 + +A person who has a billion dollars in stock in a company (RC), takes a pivot to technology / web 3.0. Builds a wallet, marketplace and gains hundreds of thousands of loyal customers / investors in the process. + +You think someone would have a billion dollars on the line and not have a plan to remove the numbnuts who have been shorting his investment since before he got in? + +You really don't think the company would delight shareholders by giving them a non fungible token which can't be copied / created or can kicked? They spent millions building a marketplace/wallet and hiring folks to make it happen. What's the best way to bring a ton of natural traffic to your marketplace? + +This token will be traded on a marketplace that is about to be launched and will have natural volume from their own shareholders who are also their most loyal customers. + +RC knows exactly what he is doing. Increase the share count exposure for the shorts and then releasing a non fungible token tied to each split share. Now imagine releasing a non fungible token each time you want to delight your shareholders and reward them instead of traditional cash dividend. + +Have fun buying back 4x the exposure in NFT from the marketplace which can't be copied, can kicked or manipulated. What's even worse is if GME decides to give out dividends in the future in the form of NFT instead of cash dividends. Imagine a lifetime of NFT dividends that shorts have to buy back and can't copy or can kick x 4 exposure thanks to splividend. + +The stock dividend was never going to squash the shorts. It was to begin the process to roll out the marketplace and increase their share count exposure so you can follow it up with even more dividends in the form of a non fungible tokens. + +RC is playing 69D chess while hedgies are attemping to play 3d chess and melters are playing checkers. + +GME board of directors just increased the share count exposure by 4x. The value of the short is unchanged because the price has been adjusted but when shorts have to buy up 4x the NFT every time GME releases a NFT dividend / split .... you will see fireworks like Larry Cheng mentioned. + +You can read here for more information on how O stock distributed their digital preferred shares which paid out dividends. + +www.reddit.com/r/Superstonk/comments/vvgz0l/process_for_how_a_dividend_share_will_be/ + +TL;DR: Buy, Hold, Shop and DRS. + +🦍🦍🦍 + +💪💪🚀🚀💎💎🙌🙌 +We are a Chinese American family living in Silicon Valley. Me and the wife, and 3 kids (7yo, 3yo & newborn). I grow up in Silicon Valley and wife is from Southern China. + +The plan is we should be able to reduce work to a few months a year and live off cashflow from investments. I'll fly back to the US for a few months of work (real estate investing), sometimes alone and sometimes with the family. Currently, we live in the SF Bay Area where the cost of living is crazy high. We make a good six-figure income but the cost of living in this area means the money doesn't go very far. + +I want to be able to spend more time with the kids and really enjoy their childhood with them. I'm looking at the MM2H(Malaysia My 2nd Home: 10yr multi-entry visa) program. We won't have a problem with meeting the financial requirements. + +I've listed some pros of cons to get some feedback from this community. + +Pros: + +* Good and reasonable priced private schools that will teach in both Mandarin and English. (my research is showing a cost of between $3500 to $5000 per student per year) From many examples, Chinese kids rarely learn their Mandarin at a deep level unless they are in a really good immersion program which we don't have access to in our area. My expectation form then tech people I've met is that Malaysian schools are no slouch when it comes to math and science. The kids are American Citizens and will be returning to the US for University and work after. +* First world luxury apartment living at a very reasonable price ($1100 to $1300 for 3 to 4 bdrm \~2000sf) +* Great diversity of people and culture in Kuala Lumpur +* Great diversity in food (many Asian types and western too) +* Great geographic location so it will be convenient and economical to travel to countries. In about 4 hours or less to Bankok, HoChiMan, Shenzhen, Hong Kong, Bali, Manila +* Very affordable healthcare. (premiums of the family of just $350 per month or less (budgeting $5K for premiums and out of pocket): a bargain compare to US premiums of $2200/mo + Out of pocket which I would have to budget $30K in total for medical since my company won't be covering me anymore (face it the US health care system is a vampire) +* The total cost-of-living budget of just $55K in KL vs over $200K in the Silicon Valley + +Cons: + +* Need to find new friends and social connects +* Stepping out of the machine that is Silicon Valley +* Hot and Humid weather +* Having to learn how to get even the most basic things done +* Learning to drive on the wrong side ;) + +Please let me know what I'm missing or leaving out. I'm trying to structure this as a FatFire move and the easy ability to get back to the US if things don't work out as I hope it would. The idea is my cash flow is over $250K with a burn of only $55K leaving plenty to cash to grow my NW. Current NW is around 5m. Originally I was looking to get to 8 or 10m before stepping away from work. But the kids aren't staying young forever. I'm telling myself I'm doing this for the kids as much as I'm doing this for myself. + +I'm choosing KL Malaysia because almost everyone there speaks English (my Chinese sucks). First world living at almost 3rd world prices. + +I know I said we are Chinese American, but this doesn't have to be the case to have KL work for you. I think it's for anyone that wants to raise kids to be global citizens. Malaysia is learning heaps from their neighbor to the south, Singapore. +Using a throwaway account. Not at the fatFIRE point just yet but relatively close. Male in mid 30s, live in London, have had a semi-successful career in asset management helped by lots of luck and I am recently divorced. + +Question: any advice on the best practices around meeting someone for a romantic relationship with a FIRE mindset and potentially heading towards the fatFIRE camp? Unfortunately, I have spent (way too) much of my 20s and early 30s working and my circle of real friends is embarrassingly small. My work hours have been very long for most of my career (getting better recently) and besides gym, I did not see much beyond home and work limiting the amount of opportunities I have to meet someone. However, I love travelling which sounds like a great way of meeting new people but I am no longer at the stage of my life when I enjoy staying in shared rooms in hostels that is typically the recommended option for someone in this situation, and staying in nicer hotels or resorts doesn't help here with couples and families being the bulk of the guests in my experience. I looked into a few travel agencies that design tours for singles - found one that seems a popular choice here (Contiki) but it sounds like it's for a much younger crowd (not the biggest fan of pub crawls and hours spent in a bus with 30 others); is there a similar solution for people in their 30s? Dating apps in general anecdotally seem to have a low hit rate in terms of successfully matching people. Is there a similar service that actually verifies the members, and something catered for young-ish professionals? I probably don't have the sufficient courage going to bars, lounges alone and starting up conversations, plus I am not sure it's a great way of meeting someone in the first place. Thought about joining a private club in London though males is the majority of members in most of such clubs in Mayfair in London in my experience and is better suited for professional networking instead. Some of the fancier lounges over here typically host groups of friends, couples or ladies looking to earn money which is not my goal. + +I understand this might not be the most appropriate subreddit to make this post in and I would appreciate suggestions for other subreddits instead if so. A naive part of me wants an easy solution that likely doesn't exist but I would like to get others' views here as well. I also feel that meeting someone is the sort of thing that should ideally happen naturally but I would like to put more effort into this as my ordinary lifestyle makes meeting someone new relatively unlikely. + +Thanks in advance. +Short post: + +&#x200B; + +It's a bear market and everyone is feeling negative, but ethereum has been running for 3+ years with almost no native flaws. + +&#x200B; + +Just want to congratulate and thank the Ethereum foundation for building such an awesome platform! + +&#x200B; + +I'm free this summer holiday so if anyone's interested in a custom crypto trading bot/smart contract/dApp message me for a quote! +Using alt account for anonymity. fatFIREd some time ago thanks to a windfall and moved to a rural, incredibly LCOL area to avoid any potential lifestyle creep. I purchased a small apartment complex and hired a property manager to handle everything while I live in one of the apartments. No one here knows my net worth which is exactly how I like it, but I'm finding that without much spending, my assets continue to grow through the reinvestment of the returns. This hoarding of wealth is something I personally have a problem with, and want the money going to people who need it like my neighbor's daughter. + +&#x200B; + +Her family is struggling financially thanks to very poor life choices by the parents, though this girl is clearly a very gifted individual. She has no plans for college thanks to limited resources, but I would like to ensure that she is not hindered by finances and accomplishes everything I know she's capable of. + +&#x200B; + +How do I allow someone to be financially independent while maintaining anonymity? What would be the best way to prevent misappropriation of funds especially by her as the beneficiary? +This time last year, I didn’t even know about the FIRE movement. I was someone who naturally lived below their means and saved what was left over. + +Then, I stumbled upon the FI subreddit(s). I started paying more attention to how my assets were balanced and made sure I was properly using tax advantage accounts. I am very happy to have discovered and utilized this valuable information. + +I always thought I could retire early, or at least very comfortably. But now, I have a number and a spreadsheet that tracks it. I can’t stop thinking about when I can retire and how I am going to get there. I keep playing with spreadsheet, toying with: What if I save more now? What if I spend less in retirement? Could I afford to retire even earlier? I keep reading debates about investment strategy and safe withdrawal rates. It’s consuming me. + +I was attracted to the idea of financial independence because I didn’t want money to be a concern in my day to day life. But now I am thinking about it more than I ever have. + +I am certain I have the knowledge and discipline not to react to short-term market fluctuations. So, why do I insist on checking the DJIA every day? Why do I keep checking my net-worth on Mint? + +How do I get back to the mode of simply spending less than I make, letting my automatic investments do their thing and not obsessing over my account balances? +**Unrelenting inflation is taking a toll, leaving more Americans living paycheck to paycheck** + +Almost everyone has felt the sting of rising prices. + +As of August, 60% of Americans were living paycheck to paycheck, according to a recent LendingClub report — a number that hasn’t budged much since inflation hit 40-year highs. A year ago, the number of adults who felt stretched too thin was closer to 55%. + +Even high-income earners are feeling the strain, the report found. Of those earning more than six figures, 45% reported living paycheck to paycheck, a jump from the previous year’s 38%. + +“More consumers living paycheck to paycheck indicates that many are continuing to lose their financial stability,” said Anuj Nayar, LendingClub’s financial health officer. + +The consumer price index, which measures the average change in prices for consumer goods and services, rose a higher-than-expected 8.3% in August, driven by increases in food, shelter and medical care costs. + +Although real average hourly earnings also rose a seasonally adjusted 0.2% for the month, they remained down 2.8% from a year ago, which means those paychecks don’t stretch as far as they used to. + +A separate report by Bank of America found that 71% of workers feel their pay isn’t keeping up with the cost of living, bringing the number of people who feel financially secure to a five-year low. + +Many Americans are dipping into their cash reserves, and nearly half are falling deeper in debt. + +Those struggling to afford their day-to-day lifestyle tend to rely more on credit cards and carry a higher monthly balance, making them financially vulnerable, according to Nayar. + +“It is no secret that prices have been increasing for everyday Americans — not only in the goods and services they purchase but also in the interest rates they’re paying to fund their lives,” he said. “This can have detrimental consequences for someone who pays the minimum amount on their credit cards every month.” + +For its part, the Federal Reserve hiked its target federal funds rate by 0.75 percentage points for the third time in a row to calm runaway inflation. + +The central bank has indicated even more increases are coming until inflation shows clear signs of a pullback. + +https://www.cnbc.com/2022/09/30/stubborn-inflation-forces-more-americans-to-live-paycheck-to-paycheck-.html + +It seems consumer spending will really be getting halted sooner rather than later. I think this may be in part behind the two-day rally - the expectation that the Fed will be able to ease off earlier as the average American is starting to really feel the pain by now? +Good Morning! + +I don't actually know what to expect from today there is a lot going on in the overall market. + +* Russia posturing on the border of Ukraine +* Emergency meeting of the FED at 11:30am today +* Energy crisis in the EU +* Unaddressed inflation here + +With claims from the government that intelligence was intercepted regarding a planned invasion of Ukraine this Wednesday the 16th [reported](https://www.dailymail.co.uk/news/article-10503627/Foreign-Office-tells-Britons-Ukraine-commercial-means-available.html) + +But no confirmation of that intelligence yet by the US. + +We are kind of in the dark with what will happen here over the coming days/weeks. + +From a technical perspective the market looks weak, but a lot of this could depend on the FEDs decision to move forward or not with the currently planned rate increases. + +[SPY weekly chart showing a rejection of it's upper trend and a bearish cross on the MACD. DMI +\/- Indicates a negative trend picking up strength and RSI is rapidly moving toward oversold. ](https://preview.redd.it/5tmfnalhysh81.png?width=1571&format=png&auto=webp&s=1654b96aad2f00f4bb05e11e6a913d0bd2fedd3d) + +However GameStop has so far resisted the downtrend in the market over the last couple days significantly outpacing the drop in the market and actually closing positive Thursday and Friday last week, showing signs of negative beta for the first time in awhile. + +[GME holding strong against the drop in the overall market](https://preview.redd.it/rqtk8744zsh81.png?width=1569&format=png&auto=webp&s=2106bfca2f21719cfba607f69f9db53a0885f13f) + +The VIX or volatility index continues to remain high as well. The VIX is considerably over-short and also primed for a squeeze. Closing above 25 on Friday was a big deal. + +[VIX sitting at 29 right now.](https://preview.redd.it/1ms3ilpfzsh81.png?width=1817&format=png&auto=webp&s=2e07dcd87aa2b677d9f198e241c3de6656ebd9a7) + +With a fair amount of ETF FTDs and an unknown quantity of FTDs due from the 1/6/22 exercise of 4.2m shares of negative delta due today hopefully we can continue to resist these market wide trends into this week as we move into the OPEX date on the 18th. + +However people should be warned and prepared. Some of these events could lead to destabilization in the overall market and GME could see a significant hit to the price improvement it has seen over the last couple weeks if the market begins a steep correction. + +**Gamma Girl...** + +waiting on an update + +**DIX pics** + +https://preview.redd.it/ldt2fn7m0th81.png?width=2469&format=png&auto=webp&s=794e9d1dc33a9b6f217bb3870773f885b1f6085c + +https://preview.redd.it/h4ewb8cr0th81.png?width=2467&format=png&auto=webp&s=633bb5d2e4cdca0826d67c3e264491f7da93bbb6 + +There was some evidence of exercise of a fair number of calls in GME's options chain last Friday with decreasing OI seen across several ITM strikes. This could lead to some positive gamma exposure over the next T+2 days as well. + +Seen here with the large step up in naïve GEX moving into today. + +https://preview.redd.it/n4m2j0f41th81.png?width=2480&format=png&auto=webp&s=a784b2c7a144a080c99908e94f324d46208f7cb9 + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Hours + +As of this update still no word from the FED closed door meeting today. We did get an updated 13g available on GME investor relations pages that indicates Susquehanna has exited a small amount of their GME position reducing their holdings to below 5% of shares outstanding. We also saw a fairly significant amount of dark pool volume on GME today touching 60% of the volume traded. With GEX exposure for Friday's expiration coming due tomorrow we could have some buy pressure, provided the FED news is not bearish for the overall market. Thank you for tuning in, I'll see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/d2ihg98s5vh81.png?width=704&format=png&auto=webp&s=d5ed44d8e49d7321c5c7df49bc9c1479f7e8dff0 + +https://preview.redd.it/p5xos5vx5vh81.png?width=2082&format=png&auto=webp&s=940eedc64b4868b15ae56977c66b726af0eb6a9a + +Edit 3 3:08 + +Same shit going on still no news from the fed meeting, some interesting options flow on GME showing large institutional interest in 170-180 Feb 18/25 calls. + +https://preview.redd.it/y8yq5huhvuh81.png?width=1572&format=png&auto=webp&s=b8bc360b8d4261c4c86f3dd931f33bc451968cbf + +https://preview.redd.it/n9ozwh1jvuh81.png?width=1435&format=png&auto=webp&s=56648eb62f051b1a0b7b5faea1c187eebc1659be + +Edit 2 12:25 + +Flat, the whole market is waiting on news from the FED meeting. + +https://preview.redd.it/q6jvuqzf2uh81.png?width=1567&format=png&auto=webp&s=4e9d46ba34ceeaaacf716bb5d45f203d1d61d4ed + +Edit 1 10:15 + +Tracking the market for now, about 500k volume. Our downside doesn't seem to have the same momentum as the overall market which is good. + +https://preview.redd.it/uea1d1qbfth81.png?width=1579&format=png&auto=webp&s=a972902f2485962d8cbdbe45d4a19abb854af1fe + +# Pre-market Analysis + +GME took a hit at pre-market open along with the major indices and like them has regained most of that ground already. We are still trading down about 1% currently. + +Volume: 24.91k + +Max Pain: 122 + +Shares to Borrow: + +IBKR - 400,000 @ 2.1% + +Fidelity - 72,002 @ 1.5% + +[GME pre-market on the 1m](https://preview.redd.it/qp9an3pa2th81.png?width=1568&format=png&auto=webp&s=bccaf6cb1f52a9ab49d2a9e6f6f6082e2dcae549) + +TTM Squeeze + +[Showing a flip to the upside ](https://preview.redd.it/2sb8e1qe2th81.png?width=2457&format=png&auto=webp&s=9de90a40198086aa68655c1de5894739eb76ea3c) + +CV\_VWAP + +https://preview.redd.it/frdvbosr2th81.png?width=2455&format=png&auto=webp&s=2ba38dda13911f6efd42fb80f16dbb6e707c880a + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Been here since January 2021 and have averaged up, down, up, down, etc. My average cost basis is around \~$185, and I have DRS'd a couple thousand shares. Was feeling a bit hopeless the last time GME was sub $100, not because I was worried about my investment, but because I didn't have the means to buy a fukton more. This time, I'm ready. + +I took out a $50,000 (max) at 4.19% with 5 years of monthly payments. The beauty of this loan is that I am paying myself the interest. The full monthly payment (principal and interest) goes back into my retirement balance. Fidelity manages my employer's retirement plan (401a) and they charge a small quarterly fee to manage the loan. The whole process took about 5 business days, i.e., the $50,000 was in my bank a week after the first call. + +I've never borrowed against my retirement, so this was new to me. Thought I would pass along the info. I will be buying more soon. NFA + +&#x200B; + +Edit 1: DM from another ape: + +https://preview.redd.it/llgmxhlc8hy81.jpg?width=605&format=pjpg&auto=webp&s=1b847ee9b66f0a6a4519422d8bd04358e318e603 + +&#x200B; + +&#x200B; +I'm 36 with a wife, a two year old, and another one on the way. I've been working towards FIRE for the past 10 years and my projections show that I'm about 9.5 years away from retiring. + +I'm a VP at a mid sized tech company with a decent income (about $230k) but underpaid compared to market rates. The job is relatively low stress so I'm not too concerned about being underpaid, but it has its moments where shit can really hit the fan and it takes a lot out of me. + +I don't know if this is a mid life crisis, but like many of you, I'm really starting to feel the grind. I haven't taken more than 4 consecutive* weeks off since I graduated university. + +With a baby on the way, I have an opportunity to take parental leave and step away for a few months with a guarantee that I'll have my job waiting for me when I return. My wife is a SAHM in case that matters. + +I'll miss out on about $40k in savings due to the income hit and about 4 months of expenses (another $30k). I'd be delaying FIRE by about a year. + +I do realize that I'll have a newborn through all of this, so it won't truly be a break, but I'm going to have a newborn baby either way. + +I have ambitions of potentially using some of the time to try to launch my own business, but that really depends on the kiddos. + +I'm not sure exactly what I'm hoping to achieve with this post. I guess I'd just like to hear about others perspective on this and if anyone else has done something similar. Is it worth delaying FIRE? + +Edit: Thank you for your suggestions! I have notified my employer of my intentions and will be taking the 4 months off! Can't wait! +I know crypto is unpredictable, and nobody has any idea what tomorrow will be like, never mind years from now. But based on the current climate, and your gut, how long a bear market do you we reckon we are in for? + +Personally I think it’s going to be a long one, as in 2024/25 before we see any real upturn. Admittedly the next halving may speed things up a bit but I’ll be very impressed if we’re not looking at a minimum of 2-3 years of bear. + +On the plus side, it’s 2-3 years to fill those bags :) + +Anyway, that’s my 2 cents. Is anybody thinking longer or shorter? +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. +Hey Theta Gang, Could we get a discussion going on how we could make this forum a better resource for our cause? Maybe make a good infographic illustrating the wheel and maybe discuss sticky threads which would be helpful. Maybe a thread discussing low-mid-high level stocks that work on the wheel system. Maybe another thread to discuss other tools that theta gang has at their disposal? I just started trading options and was using the wheel without realizing it. Now that I know there are a bunch of like minded people, maybe we can make research easier... many hands make light work and all that. Thoughts? +I posted earlier that I was actively doing it for the first time. I want to tell you how it went, in case there's anyone here that wants to know. + +Today, I ran Door Dash and Uber Eats simultaneously. I did not take multiple orders at a time. I took one order at a time. To be clear, I accepted a delivery, picked up the food, delivered the food, and then I waited for my next delivery. + +I drive a Ford F-150 with a 5.4L Triton V8 engine. + +The amount of time that I was online delivering or waiting for one from either app puts me at a 6-hour day. + +My earnings for my 6-hour day were: $85.94 + +That would mean I averaged $14.32 an hour. + +I used about a quarter tank of gas to do this. + +A quarter tank is probably $15 right now, so I'm down to $70.94. + +That means I averaged about $11.82 an hour. I beat minimum wage in the state of Florida. + +I did way more Uber Eats deliveries than I did Door Dash deliveries. Most of my tips were around $5. I tried to make sure there was more money than miles on the delivery. I didn't have much trouble at the restaurants and us Floridians don't like to be bothered so only one person wanted me to hand them their order. Everyone else wanted me to drop it off at the door and leave which is absolutely perfect for me. + +I 100% absolutely did NOT screw around today. When I was running, I was running. I didn't stand and say hello and talk to anyone. Most of my deliveries were sitting on the counter when I got there to pick them up. It was easy. There was no piddling and taking my time and not being serious. + +My goal for the day was $100 minimum. It's 4:45 right now, so I'll probably make my $100, because I may go back out again for a few more. + +\*This is me speculating now.\* + + If I can make $85 a day, 5 days a week, I can cover my base living expenses and I can get out of the financial turmoil that I'm in really quickly, because my other money will be mine. This could very well be a game changer for me. + +I made this kind of money on my very first day, having never been exposed to it at all, not understanding the app or how the process works, without overlapping any orders or anything. This was Day 1 for me with zero experience. I did one single order at a time. I turned down 4 or 5 orders today, because I was already delivering some food. I can only imagine that I will only get better at it. I am going to be praying that this is my game changer. + +Enough of me preaching and getting excited... + +How much do you make a day? How much did you make a day when you started and how much are you making now? +Maybe I need a separate post for this to spare us a barrage of questions in the daily. Not financial advice. It's a little messy—bear with me. + +**Edit:** Thanks AQuietFool for picking up the ratio error. The valuations only held relatively true because LLL is likely to have a near identical float size to FFX. I've now given a range, where the minimum values LLL as 65% of FFX, and a maximum of 71%. + +**Dates (please confirm these yourself):** + +* May 3rd ($100mill capital raise cum-date: you'd need to buy by 4:10pm to participate) +* May 5th ($100mill capital raise record date: you can't buy FFX on this date, it's too late) +* June 2nd (cum-date for free LLL shares: you'd need to buy by 4:10pm to participate) +* June 6th (record date for free LLL shares: it's too late to buy FFX on this date) +* June 16th LLL lists + +*There could be an issue with record dates for people who try to buy in the final 2 days. Usually, you can sell after the cum-date. So if you're seeking the free LLL shares, you could sell on June 3. However, if you purchase on June 1 or 2, and sell June 3, you may not appear on the registry.* +*If you'd already been holding FFX for a few days leading into June 2, you may be fine. I can't confirm any of that.* + +June 2nd is the main game. + +&#x200B; + +**What enterprise value might LLL have?** +I'm going to exclude the pro-rata & shortfall offers from the following comparison (enterprise only). +For the figures below, I've removed the CXO and SYA offtake price caps from my table. As I explained previously, I don't believe they're properly factored in by retail. +This only works if you accept my 37.5% African discount (PE 8 v 5 on my table). Obviously most of HotCopper think African plays should be operating at a PE of 77 so clearly that'll be one of the biggest points of contention here. Anyway, it's easy to adjust to your taste. + +LLL's enterprise value: + +* $1.4 billion based on AVZ (no discount) +* $1.0 billion based on CXO (62.5% discount) +* $800 million based on LTR (62.5% discount) +* $1.4 billion based on SYA (62.5% discount) + +Those valuations will change on a *daily basis* as peers rise and fall. + +I'm reluctant to use SYA as a comparison for LLL, because they have other tenements. Also, if you've been reading my stuff for 12 months, you'll know that SYA is my nemesis when it comes to comparisons. +AVZ is the closest peer above by jurisdiction, but it's balanced by LTR, which has a more similar project. So I believe an enterprise value of **\~$1 billion** could be sufficient on listing, with the current intrinsic enterprise value at $865-$945mill (SP @ $1.12). In theory, you'd add their cash balance to that upon listing, but there's a problem, which I also discuss below. +**\[edit: at 16 May, deteriorating market conditions have probably seen FFX drop to no more than $800mill. It throws out all the figures below\]** + +&#x200B; + +**That's all well and good, but how much** ***might*** **my LLL shares be worth on June 16?** +The company says they'll take between $50mill to $100mill in cash depending on what's offered. We all know that it'll probably be oversubscribed & that they'll take the full $100mill, so I'm discarding the lower figure. +That means there'll be 1,197,600,000 shares on issue. +I've got an enterprise value of \~$1bill, but we can't add the whole $100mill cap raise to that, because most of it is allocated ([p.10](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02515667-6A1089227?access_token=83ff96335c2d45a094df02a206a39ff4)). See further discussion below. +So company value = $1,025,000,000. Divide that by 1,197,600,000 shares. += 85.5c per share on June 16 + +That's not a huge premium on the 73-79.5c it's supposedly worth now, but there's still a chance the market will put it above that upon spinout (every $100mill to LLL's market cap adds \~8 cents). Also, you should see some wild volatility in the first few days of listing. + +&#x200B; + +**Why I think traders** ***could*** **sell before 4:10pm on May 3rd:** +Imagine they have 50,000 FFX shares which are worth $1.10 @ 4:10pm May 3rd (cum-date). +They're entitled to 4,840 shares of the pro-rata offer @ 70 cents. +So if they take up the offer, they're paying $3,388 for what they hope will be worth $4,138 upon listing. +Total profit of $750. +However, if they sell their 50,000 in the lead-up to 4:10pm May 3 for $1.10, all they need to do from May 4 onwards is buy them for 2c less than they sold them for to make a superior profit to the $750. And it's instant profit. +To be explicit: they could sell their 50,000 shares at $1.10 on May 3rd, and buy 50,000 later for $1.08 to be financially better off than participating in the pro-rata offer (inc brokerage). +Not financial advice obviously! There're way too many variables in that hypothetical situation. It's not like LLL will open at $X price and stay there. + +But due to that, here's what I think *may* happen: + +* May 03 ← arguable buying pressure into this +* May 06 ← arguably modest selling pressure +* \[20 working days\] +* Jun 02 ← most buying pressure +* Jun 03 ← FFX tentatively rerates to 51-63 cents (see end of post) +* Jun 16 ← LLL trading at a tentative 85.5 cents + +Once again, please confirm these dates yourself. +So if you buy 100,000 FFX shares by 4:10pm June 2, in 10 working days they would tentatively be worth $112-124k, equivalent to $1.12-1.24 per share currently: + +* 100,000 x 0.51-0.63 = $51k to 63k +* 71,428 x 0.855 = $61k +* Total $112 to $124k + +*If LLL is worth 65-71% of FFX at 85.5cents, that puts the company @ $1.20-1.315. Where does $1.12-1.24 come from?* +Upon listing, the company instantly undergoes a 10% dilutionary event, which is mostly incorporated into the enterprise ([p.10](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02515667-6A1089227?access_token=83ff96335c2d45a094df02a206a39ff4)): + +* $60mill on CAPEX +* $5mill transaction costs +* $25mill working capital +* $10mill loan repayment to FFX (aka cap raise). + +You read that right. FFX just snuck in a capital raise, as predicted by WowVeryJosh. The company added an additional $70mill in costs that many investors thought were already accounted for. +If you read the last quarterly, FFX spent $7mill developing Goulamina ([p.17](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02513755-6A1088238?access_token=83ff96335c2d45a094df02a206a39ff4)), plus drilling & other admin costs. That's why they're claiming $10mill was borrowed, which ignores the fact that most of that was raised from lithium investors. +If you're wondering why Ganfeng didn't debt fund the remaining CAPEX as FFX implied might happen ([p.1](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02472608-6A1071162?access_token=83ff96335c2d45a094df02a206a39ff4)): Ganfeng had a choice between $120mill from a 3rd party debt, or their own $40mill in funding ([p.1](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02472608-6A1071162?access_token=83ff96335c2d45a094df02a206a39ff4)). Guess which one they went with. + +&#x200B; + +**I want to sell my FFX shares 7th June. What** ***might*** **they be worth?** +The company is saying 29-35% of the total valuation is attributable to FFX. So if you agree with my calculations above, that would put FFX at about 34-46 cents *under current conditions*. +However, FFX will own 20% of LLL, which is likely to be over $1 billion. + +So $404.6-547.4mill for FFX (34-46 cents) + 20% of 1.025bill += $609,600,000-752,400,000 / 1,190,000,000 shares + +The market *may* potentially rate FFX @ 51-63 cents upon demerging. + +Gold is the elephant in the room. If it goes higher, it could easily push the SP past these projections. +Also, lithium investors are currently pouncing on anything with a pulse, so if I've understated LLL spinout market cap by just $50mill, that's worth \~4 cents. 85.5 + 4 = 89.5 cents. Quite a difference. Clearly, if you don't agree with my African discount, and prefer something like 30%, there's a lazy $100mill right there. In particular, that discount may be reduced if Mali come to an agreement with ECOWAS to lift the sanctions. + +**Reminder: The peer comparisons (LTR, AVZ, CXO, SYA) I've just used for this analysis will change every day, which means the 85.5 speculation I've done will change every day.** +Taking a short stroll through walstreetbets subr is like wading through a redlight district full of junkies high on a drug called GME... surely at this rate they would plan their exit, IF they haven't already mate. +Ok this for all you Novonix holders of which I am not... Yet. + +Novonix supplies Amprius, Amprius is a private company using silicone nanowire technology to make lithium batteries more efficient, Tesla's battery day webpage has a background depicting this nano wire technology, Amprius is headquartered right next door to Tesla. + +Illuminati confirmed. +*Zerodha Article on Yes Bank* + +https://zerodha.com/z-connect/traders-zone/lessons-from-trading-on-yes-bank + +Nearly 2 lakh of our clients hold Yes Bank with an unrealized loss of over 59%, 1.25 lakh hold Ashok Leyland with loss of 40%, and over 1 lakh hold Tata motors with over 51% loss.: Zerodha +Just curious as to know why we don't have direct listing of stocks for price discovery instead of this ipo and lottery sham? A lot of companies in the US seem to be adopting this approch for listing like Spotify/Palantir + +It seems unfair on small retail investors like me that sharks like Franklin Templeton and Goldman Sachs get Happiest Minds at Rs 165 and while I need to pick it up in the secondary market for Rs 360+(as the probability of allocation in ipo is remote for retail investors once it goes into lottery and the money bag anchor investors have a free run) +Was reading this article on FreeFincal yesterday: https://freefincal.com/sundaram-select-mid-cap-fund/ + +Check the last chart. SIP in Sundaram Select MidCap fund, started in 2006, and value in 2013 is nearly equal to same as the invested capital. + +Equity really tests your patience. +I know this might seem like a dumb question but can anyone help explain how futures trading work? Like, how much money should I have to start trading or what should I keep in mind before I start? I want to start to trade on the futures market but with a smaller amount of money but I’m finding it difficult to look for resources to learn everything about it in-depth. +I know this might seem like a dumb question but can anyone help explain how futures trading work? Like, how much money should I have to start trading or what should I keep in mind before I start? I want to start to trade on the futures market but with a smaller amount of money but I’m finding it difficult to look for resources to learn everything about it in-depth. +Hi guys, I’m relatively novice (8 months of investing). I lost around 20% of my entire portfolio value in the past 1.5 weeks, and I’m getting seriously nervous if that keeps going on. + +I know the rule: don’t invest what you are not willing to lose, but considering that my portfolio is made of solid stocks and ETF (AAPL, MSFT, TSM, NERD, VWRA and ARKK) I know it will rebound at some point. + +But I have no idea how many more red days are we going to see, and how to deal with this psychologically, as it’s super stressful now. +So...I have $1200 coming in, but not for a while so I need the $1200 now. I need to pay off rent and a few other bills. Is the bank my best option? I have had an account there for years. I have bad credit due to student loans. I don't have any credit at all based off credit cards (not good, nor bad). I need $1200 cash before April 29. I live in New York City. If anyone can tell me of another place besides banks, then I am open to recommendations. Thanks. +I'm 21 and I live at home with my parents. I'm the oldest daughter of my parents. This week I checked the mail because my dad was out of town and found a letter from Credit One Bank with a credit card statement that shows money spent in Las Vegas (he has a gambling problem). The statement shows he went over the credit limit that was not he account he opened and that he must not have paid it off fully because there's an interest charge on it. After confronting him about it I have found that this is not the only one he has opened. While I consider myself good with my money, I have had terrible financial role models and do not know what I should do. + +I don't know how this has affected my credit score and how this will affect my future student loans since I am transferring from a community college to a state school next year. I don't know how to find out if there are any other accounts hidden from me, what I should do to make sure I am not wrongly charged or penalized for any of this, and how to protect myself from him doing this to me in the future. + +A side note, he has fraudulently opened a Wells Fargo account in my name in the past which has prevented me from opening an account with them until I am 26. My dad, whom I hate so much right now, but still love since he is my father, is beyond fucked up. I don't care about that. I just want to know what I can do to fix this and keep myself secure. Any advice is appreciated! + +Edit: After being suggested to go to annualcreditreport.com, I have found that he has made many auto loan inquiries and that I apparently have a collections agency on me for an unpaid balance. + +Edit2: Many of you might be wondering why I am trying to avoid filing a police report and having my dad go to jail. My mom is unable to live on her own, financially and otherwise. She can barely speak english and only graduated high school in her home country so she CANNOT live on her own. They just had a 4th child (despite their financial situation) and that would leave them virtually homeless. I am not willing to let his actions jeopardize my future, but I also have my mother and baby brother to consider. + +Edit3: Thank you all for your input. I am very seriously taking into consideration every comment that is posted here. For a little more background, my dad is a very bad person beyond towards just me. He has cheated on my mother multiple times, expected me and my mom to start paying off the bills, has a history of gambling addiction, and much more. On the most recent statement for an account he opened, it seems he went to Las Vegas which is not surprising. Unfortunately, this is very mild to what he's done. He has a HUGE history of manipulation, so this is not the first tarnish on his reputation. Despite my earlier stating of my love for him as a father, I genuinely do understand how despicable of a person he is. However, I encourage people who post to truly understand how difficult this choice is going to be. My younger brother is working in another state and has his own bills to worry about. My younger sister is going to be graduating high school next year and my youngest brother will be starting first grade next year. As I have stated, the complexity lies within my mom and my youngest brother. Before I can file a police report, I need to know what I can do for them to the best of my ability such that they are able to have shelter, food, and other basic necessities. My mom currently works full time in a retail store (despite her limited english) on minimum wage. There is no way she can support herself and my brother. I am trying to think of a plan for them before I move on, but it looks like I most likely will file a police report. Whether I confront my father on this is another area of concern. I expect he will beg or get very angry. Either way, this is not an easy situation for me. + +Edit4: More background. He has done this same thing to my mother before. Her credit is pretty much ruined. Unfortunately, she still loves him for the "sake of family" and believes he will change. I know better, but if he goes to jail as some have suggested, she will hate me. Though I can live with that, her and my brother's safety are my concerns. I work part-time and am a full-time student, who will most likely be out of the house next year unless I decide to stay at home to save on loans. + +Edit5: If some of you have any advice you would rather not want seen (in fear of being down-voted) feel free to PM me. Any input will be greatly appreciated regardless of which side of the argument its on as well as other advice or tips. + +Edit6: Other instances of his ability: we currently do not have phone service because he was late on his own cellular bills and eventually shut us off. Everyone, including himself, has been without cell phone service for a while. Recently, he said he was switching us to Verizon, though I am unsure if that is true and how he is paying for it. He has a job (used to make ~100k/year) but he usually switches around (MBA). I don't know how we are in this position with his past earning but he has a history of returning unpaid cars and we used to have a house which got foreclosed. He now has a history of buying unsafe used cars and telling me not to worry about it. Example, our Prius had warnings for several days saying the braking pads needed to be replaced and his response was to tell me to "drive safely" and finally replaced them weeks later. My point is not to further show his problems, but show how screwed we are (assuming I stay at home) or they are (if I leave next year) because he was basically in charge of everything. We simply don't know how to live on our own because he took care of everything. I would be fine on my own if I moved out when I transfer out of community college, but they (mom/brother) REALLY would not make it. + +Edit7: For clarification, my mother knows what he did and made sure to emphasize to not get him in trouble. To put this into context, she refuses to divorce him despite everything he's done to her including the multiple cheating and gambling. My father told us he's making me and my mom pay for electricity, gas, food, and pretty much everything except rent, which he said he will take care of, despite our combined income being a fraction of what he makes. I told him I will not pay for anything other than my own gas, which still adds up because I work on the weekends only and have to drive my siblings to school and my mom to work. My mother, is willing to pay for it for the sake of the family and because she really has no other choice since she will not leave him. + +Edit8: I have been getting some questions about whether I live in the US or not for financial aid purposes. I live in California if that helps. + +Edit9: Thank you everyone for your input. Almost everyone who has posted has added something that strengthen an argument or introduced a new point of view. Please know that I am looking at every individual comment posted even if I don't have the time to reply. I really appreciate all the support and advice. I was not expecting to get so much perspective. Right now I am heavily leaning towards reporting him. However, this is a lot easier said than done. First thing I plan on doing is freezing my credit accounts and requesting fraud alerts so I will know of any new account activity. Unfortunately, my sister is the only one who has gotten her cell-phone reactivated with our new carrier so I must wait until I pick her up from school to call them. Then, I have to find out where my mother, who would be completely against this given her refusal to leave my father, stands on the issue (which is pretty clear from what I just said). This complicates things even more because she might refuse the idea of outside assistance or guilt trip me into ruining my brother's life/breaking apart the family. However, if she ends up supportive of it, then the real question becomes how do we go about supporting ourselves. Many have suggested TANF and government assistance. Again, financially this is all very new to me and will require a lot of planning. I plan on then reporting my father and threaten him with pressing charges if he does not clean up his act and pay off the rest of the debts. He has been down this road so many times and lied to us just as much, with my mother being the bond that prevents us from leaving him. I doubt he will change, he will most likely beg, plead that he is sorry, and that he will change. Unfortunately, family is deeply ingrained in our culture so I will try to go with him to some of the gambling addiction groups suggested by many of you. If he fails to do that, I will cut him off completely. If many of you have financial advice for me as a college student about to transfer out and maybe support my mother and brother, I would really appreciate it. This post is getting very big so feel free to PM me. + +Edit10: How will this affect me with regards to student loans? And if needed, would it be wise to sacrifice greater student loans to afford housing for myself, my mother, and my brother as opposed to just saving money by sharing an apartment room? Also, please don't hesitate to add more advice on the credit reporting aspect as I am still learning. +I’m 28(F). Partner is 30(M). Kid is 2 + +Renters. No savings. + +Combined debt of £10K. We’ve aggressively paid off ~£15K this year and we’re pushing through. Selling a lot of things, downgraded the car, stopped spending! + +Partner has an accident insurance payout of £18K pa but can’t work and earn more. + +I’ve just taken a £35K basic with £55K OTE. Then a big payout from my last job in January will go towards further debt. + +This last year I’ve got REALLY serious about finances and we’re being so much better. Looking to be debt free end of 2022 (just before I’m 30) and then buy a house the following year using a generous deposit from my parents. + +I just feel so old (even though I’m not) to be starting to be careful. I used to be in SO much debt (£30K ish from 20ish) as I’m a recovering addict. I keep reading stories about people who are paying mortgages off in their 30s and maxing out pensions. Not buying a house for the first time. Most of our friends have had a house for a few years or upgraded already! + +We’re considering more children but want the house first. But I’m worried we’re not being sensible over costs. I’m constantly worried I don’t earn enough to future proof in the event of a catastrophe. + +Are we mental? Have we left “getting serious” about money too late? + +Edit to add: Thank you so much to the overwhelming wall of voices telling me I’m actually doing fine/more than fine and “stop comparing”. This was bizarrely therapeutic and it’s given me a lot to think about. I’m going to tailor in some goals and breathe more - and keep it in the day! +So I only came into awareness through a friend a few days, but I really enjoy this community as most people seem sensible compared to that other place. The only good thing about the current hype is that I got to learn about etherium. I am looking forward to holding for a long long time(and subscribing here) +Main Street Capital Corporation hikes monthly dividend by 2.4 percent and will pay a supplemental cash dividend of $0.10 per share payable in December 2021. Since the 2007 IPO $MAIN has never reduced its regular monthly dividend amount per share. +The parents of a University of Nebraska student who killed himself after mistakenly believing he owed $730,000 to Robinhood filed a wrongful death lawsuit on Monday against the stock-trading app. + +Alexander Kearns, 20, was trading on June 11 last year using the Robinhood app when the app suddenly put a hold on his account and showed a negative balance of $730,000. + +Alexander Kearns jumped in front of an oncoming train on June 12 after leaving a suicide note detailing his predicament at finding the negative balance. Read the full story and share your thoughts + +[https://mazech.com/2021/02/parents-sue-stock-trading-app-robinhood-after-son-killed-himself-thinking-he-owed-730000/](https://mazech.com/2021/02/parents-sue-stock-trading-app-robinhood-after-son-killed-himself-thinking-he-owed-730000/) + + +I ordered a google pixel 6 from target (got a discount with my red card), $600 was a big purchase for me, and is a very big deal for me. I received a damaged box from fedex that was completely empty with obvious signs of tampering. It was left on my doorstep, they didnt put a signature requirement on it. + +The target branded tape was cut mangled and torn and it was sealed back up with clear packing tape on the side they tore open. After waiting 5 business days target denied my claim saying the package was delivered properly. Ive entered a claim with the card, but since its a target card I doubt they'll say anything differently. + +Should I file a police report, and possibly take them to small claims court? How would I even begin to file since it wasnt a local store, but the website that I ordered from? + +Edit: FedEx won't let me talk to them, I've tried over the phone and online, they will only deal with target. +Also, yes I've initiated a chargeback and filed a police report. +I parked my car in public lot. I don't use my car during the workweek since I take public transportation. This morning I see a note on my windshield saying I hit someones car and they want me to settle it with them. They left their phone number and name and they said they noted my info (I guess just license plate?). It wasn't dated, so it could have been put there anytime between Sunday and this morning. + +The note didn't detail anything about the damage and the only "proof" they have it was me was that the spot I parked in was empty when they parked there, at least according to the note. + +Now, from what I remember on Sunday night, I parked next to a large truck/SUV that was a little over the parking spot line but nothing terrible, since my car is two door civic that fits nearly everywhere. I definitely did not hit his car with mine, but maybe my backpack or something did? I suppose that's possible but again only because there wasn't a lot of room due to the limited space between our cars. But even if that's the case, I can't believe that caused any actual damage. + +I'm pretty sure he did not file a police report or make an insurance claim, since I probably would have been contacted by now if he did. + +Just curious to know if anyone has any ideas for what to do. + +1. Ignore it? +2. Call him and tell him I'm not responsible and not paying anything. +3. Call him and tell him to file a police report and insurance claim if he thinks he can prove I did it? +4. File my own police report? +5. Call my own insurance company? + +EDIT: Wow, I wasn't expecting so many replies, I had a ton of comments to read through. I always considered myself aware of normal scams since I browse this sub all the time, but this was a new one to me, even though its pretty close in concept to all the others. Thanks to some of you for posting links to resources about the scam as well! I will not be calling the number left to me, but I will likely reach out to my local police if they are open tomorrow to report this. Who knows, maybe there are other people affected by this and having one more report will help. + +Happy Thanksgiving, everyone. +NOTE: This was posted on r/stocks and other similar subreddits by a user that "may or may not be" banned from this sub (reason for ban not given). I commented that they should post this here and they gave me permission to do so. I have seen this paper referenced a number of times on this sub so I'm curious to hear peoples' thoughts on this rebuttal. I have no personal bias one way or the other, just curiosity. + + +You may have seen this paper (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2741701) floating around various investment subreddits over the past week. It usually comes with the title How to 3x the S&P CAGR with less risk | Leverage for the Long Run with people praising it as an amazing new strategy that requires little effort, provides a high degree of safety, and allows you to experience only the good side of leveraged ETFs. Here's why it's complete bullshit. + +I've seen the 200 SMA argument posted hundreds of times before in r/LETFs. I'm glad this one at least comes with a paper, but the paper is still falling for the same mistakes other believers fall for. The author is correct that volatility increases below any significant moving average (20/50/100/200), however, avoiding volatility should not be your main concern when holding unhedged leveraged ETFs. Your main concern should be flash crashes like in 1987 where the market fell 22% in one day. The author says this: + +Chart 6 shows that historically, the worst 1% of trading days have occurred far more often than not below the Moving Average. Included in this list are the two worst days in market history: October 19th in 1987 and October 28th in 1929 + +Wow look at that, moving averages helped avoid the worst two days... but why? The answer is partially due to the fact that both the best and worst days will be in periods of high volatility, but it's also heavily influenced by pure chance. A day like Black Monday could happen at anytime and if there wasn't a choppy market leading up to it you will miss it with moving averages. An unleveraged 22% drop would be a 66% drop for the portfolio suggested in the paper. The market would then likely dip below the 200 SMA and the person would sell! Missing the entire ride back up, even if there was more to fall you're not going to be left in a good place. + +There is no macroeconomic reason that moving averages have any form of predictive power. The closest thing would be the concept of a self fulfilling prophecy which would require a massive audience of believers to have an impact (there are not nearly enough). People always use 200 SMA, but if you try to test other SMAs nearby you sometimes get significantly worse results. The 200 SMA just happens to get you out before the Dot Com crash as well as the GFC. When your entire reasoning is based on well it did good in the past you're overfitting by definition. + +Let's look at another strategy that has an economic backing - HFEA. Holding stocks and bonds together isn't something that just happens to work when you test it. When stocks experience uncertainty large investors move their money into the safety of bonds which forces them in the opposite direction to the stock. Stocks and bonds are slightly, but not perfectly inversely correlated and both of them have positive expected returns. This is why they are the ideal hedge. + +I also want to point out that this is not an academic paper that came from a university. It was published by https://www.leadlagreport.com/ which says on its homepage "Consistently win in the stock market and minimize risk regardless of market conditions" followed by a subscribe button. This is called bullshit and I encourage anyone who cares about honesty to call it out when shit like this is posted. +&#x200B; + +https://preview.redd.it/ewyxfps6b8e91.jpg?width=591&format=pjpg&auto=webp&s=b9fea16c4b2572f689eb1164c8b57b0003bd11c0 + +Right when I saw this posted, I only thought of 1 thing. Final Fantasy. + +LMAO listen. + +&#x200B; + +[Let’s take a ride. I’m laughing out loud as I am writing this.](https://preview.redd.it/51nnmviza8e91.jpg?width=1024&format=pjpg&auto=webp&s=8522d2ce66856f846ef08d476dd200ec839732bf) + +This is Tonberry. + +&#x200B; + +[this cute little guy.](https://preview.redd.it/b4qt34jgb8e91.jpg?width=225&format=pjpg&auto=webp&s=4713045ade79163f1938226aa6fedef80ef75b11) + +Tonberry, from the popular Final Fantasy series is a very cute, little and seemingly unassuming guy. + +Except he is also called… **Dinglberry** in the original japanese translations. + +&#x200B; + +[Behold.](https://preview.redd.it/udgg5lvkb8e91.png?width=480&format=png&auto=webp&s=662e166d778a39719103ec8a95368e46c5fd11ab) + +Ol’ Dingleberry, he just kind of minds his own business. + +Kind of like RC. + +&#x200B; + +If you know anything about Final Fantasy, if you run into one of these guys, **you fear for your life.** + +This is because Dinglberry can take A LOT of damage. It just walks around as your party continues to hit it and hit it until eventually, **it 1 hit kills you.** + +Ol' Dinglberry, he kind of carries a little lantern around with a knife and that knife does insane amounts of damage. + +&#x200B; + +[it is just like this.](https://preview.redd.it/9w9ibzz2c8e91.jpg?width=600&format=pjpg&auto=webp&s=e5fa098f2e22615d15810139f1b62938704085eb) + +But get this: the damage of his knife attack depends on how many of his kind your party has taken down. + +And ALSO get this: the move is called: **Everybody’s Grudge**. HMMMMMMMMMM + +&#x200B; + +[I couldn't find the meme with GME, Toys R Us, Blockbuster, etc. LOL I'm a smooth one](https://preview.redd.it/ls1wuqjld8e91.jpg?width=1200&format=pjpg&auto=webp&s=2af86f6a05f1c9c4cbab3a7fa7e6506a21287f40) + +Anyway, **Everybody's Grudge.** + +This strong AF move harnesses the collective pain of his felled allies and focuses it into his knife and it is insta-kill in one hit. This is because generations of Dingleberrys (I’m talkin’ hardworking moms, dads, and little dingleberry babies) all of their unheard cries and pain and trauma is allowed a single point of release. Through Dinglberrys thrusts of small wee wee steel. Understandably, it is a 1 hit kill. + +RC is the dingleliest of the dingls + +**A survivor.** + +One who has come with a light in his hand (and also in HIS HEART), one who has caught the falling knife of a stock/company thought dead, weaponized what was considered useless (GME), and become Justice manifest- for all. + +&#x200B; + +&#x200B; + +[Yes you will RC. Yes, you will.](https://preview.redd.it/jv3e9506e8e91.jpg?width=600&format=pjpg&auto=webp&s=8be97ece424677172227c420e7c33535802c6ffc) + +Oh and just for fucks and giggles, + +Final Fantasy was also a series that almost did not make it. It was close to never being released. This is because Square at the time only had enough money (just barely enough due to the looming threat of bankruptcy) to put forth ONE videogame. One move. Hence, why it is called, Final Fantasy. Because it captured the collective hope of everyone who worked on the project. + +Hironobu Sakaguchi, the creator of Final Fantasy claimed that if the video game had failed, he would go back to school and give up on videogames altogether. Obviously, the game was a massive hit and the world of gaming has been so much better for it. + +&#x200B; + +Final. Fantasy. + +Game… Stop\[ped\]. + +HMMMMMM + +&#x200B; + +Buckle up, bitches. + +&#x200B; + +Bonus stuff from a cool article: [https://www.looper.com/225264/this-mistake-changed-final-fantasy-5-forever/](https://www.looper.com/225264/this-mistake-changed-final-fantasy-5-forever/) + +“ It doesn't look like much, but the Tonberry is one of the most dreaded enemies in the Final Fantasy franchise. Perhaps in an effort to make it somewhat less scary, the PlayStation version of Final Fantasy 5 changed its name a bit. This deadly monster was now known as ... Dinglberry. Going from Tonberry to Dinglberry isn't just a question of swapped and dropped letters, this name had to have been a deliberate choice. + +Now, "dingleberry" doesn't just mean the distasteful thing you're probably thinking of now. Merriam-Webster's primary definition of the word is, "a foolish, stupid, or contemptible person," which is probably what the translators were going for. A name implying that the creature is foolish or stupid would play into its gimmick of seeming harmless and weak right up until it one-shots you. ” + +&#x200B; + +Edit: Spelling +So as per title I’m about to finish my medical degree and start internship, with yearly pay $80-95k. I realise these early years where I have minimal expenses and no dependants is a good chance to save, so would love any tips or suggestions. I will need to buy a car as my job placement is regional, and know that salary packaging is available. + +EDIT: Many great tips and things to consider here, thank you all. Had not considered income insurance, will now be almost certainly getting it when I start next year. Thank you and looking forward to listening to Dev Raga podcast +Wondering if anyone here has been successfully wheeling BBBY? You can get decent premiums 1-2 weeks out even at like 6-7 strike. It might not even hit that but if it does you’d be getting a pretty good entry point. Even if it goes to like 4-5 again you could then sell calls. Thoughts? +This is a primitive view of whats going on... + +In this kind of pandemic almost apocalyptic phase, what stocks will you want to own, which you will hold on to despite the situation outside? Companies that have survived for 100's of years, or have long history of good business, paying dividends even in dark times... companies like HUL, ITC, Nestle, TCS, Infosys... + +And none of these companies have a single debt paper issued! + + +Most of debt issues are simply given out by NBFC companies! It no coincidence that Mutual fund industry in the country boomed along with the debt fund industry. Several larger established corporates also jumped into the NBFC party and launched "capital" companies offering loans this and that at a relentless phase. AMCs launched fund after fund just to lend to other NBFCs (in reality - among one another) in frenzied unsustainable expansion phase! + + +Its crazy to note how much money was sunk into credit risk funds. The literal meaning of credit risk is: your money is at risk, still some of these funds piled up AUM of 10,000 crores! + +If there ever was a detailed investigation with subpoenaed records of communications between one AMC/NBFC head or manager with another, the whole truth will come out and it wont be pretty at all! + +At this point its safe to assume Indian debt fund market is well and truly dead. +"From March 2020 through March 2021, I was head trader at Archegos Capital Management. During this time, I and others executed trades that allowed the fund to amass market power and certain securities traded on U.S. exchanges. Archegos used security-based swaps to gain exposure to these securities while concealing the true size of the fund's positions from the market and our trading counterparties." + +Proof that the public figures for short interest are a lie. If they did it, everyone is doing it. + +Sauce pg 181: https://www.sec.gov/comments/s7-08-22/s70822-20147032-312610.pdf + +First and foremost, rules; if you do not have rules, or have them written, i HIGHLY suggest writing them down and reading them before every trading session. An optimal trader is a disciplined one. + +My rules + +1. Do NOT trade while tired +2. No trading in bed +3. Trade only your A+ setups (reversals) +4. Morning routine must be completed +5. NEVER let a winning position go red +6. The trade MUST be planned before entering +7. Market prep (watchlist, plan the day) +8. Use proper risk management/size +9. If you get emotional, take a 1 hour break +10. Do NOT trade chop +11. Do NOT trade during live events/speeches + + +PAY YOURSELF + +It’s important that while we collect and make profits, we pay ourselves regularly. Heres my system; + +I currently take out 60% of my profits at the end of the month(sometimes every 2 weeks), 40% goes to savings/taxes for next year, 10% for long term crypto positions, and 10% for long term stock positions. The rest of the profits i leave in the account to continue compounding + +This avoids you blowing up your whole account or losing all your yearly profits with nothing to show for it + +Comment below with your own practices and rules! For those who have none, take notes! +I work in management in a company that does Fire protection, the work is steady and pretty well paid ( relatively speaking) +I’m sure people on here are across this way more than me, but I’m starting to feel really worried. My wife runs a cafe, they are now paying insane money for food( up 5 times what they were paying a year ago) , our rent is $600 per week in a town with 0.3% vacancy rates. +Shopping is costing a fortune. Everything seems to just be getting more and more expensive. +My question is, at what point do people just stop being able to afford to live ? + +EDIT: My wife runs the cafe, we don’t own it. +Hi, me and my partner got an offer accepted on a house back in April, anticipating the rate rises we tried to move the mortgage application swiftly through our broker. + +He assured us he locked the rate with the bank (this when the BoE base rate was at 1%, which now has increased to 1,75%). After many weeks dragging his feet he now informed us that our application was rejected by the bank since he missed the application period. + +The only option now is to reapply and be subject to the current market rate (significantly higher, prohibitive to us now), or walk away. What are my options regarding some kind of compensation from the broker firm? + +Feel helpless and totally done by this bellend who has ONE job to do! +I did a dive on it. There’s hype surrounding the release of a new catheter cleaning device that prevents infection. But this company has 10 employees, headquartered in a business center in New Jersey. + +It has no revenue and it’s all hugely contingent on FDA approval. This company is somehow “worth” $273 million. How? Is the technology actually that promising? I’m not in the healthcare field so it’s all hieroglyphics to me. + +Am I missing something? +1) My gut told me to get into Bitcoin, when I came across it on alt.binaries.cryptography in 2010 on Usenet +2) My gut since 2010 told me to always hodl Bitcoin in your own wallet, and not on centralized exchanges +3) My gut told me to throw Bitcoin at the Ethereum ICO in 2014 +4) My gut says 2013 is coming to Ethereum shortly. + +Its all about the gut +My boss and landlady suddenly passed away on Wednesday, it was a shock as she was one of those "one in a million" characters. I worked for her for over two years. + +The pub we ran together was a limited company, she was the sole licensee and DPS. Without her, the company doesn't really exist anymore. So nonetheless I have just suddenly found myself unemployed for the first time since I was 16 (I'm 26) + +I have absolutely no idea what to do or where to start now, I've been really lucky in my working life, I've always been in employment with no gaps. + +How do you start again? I have no fall back as it was so sudden. I've got bills and rent to pay at the end of the month and I've got nowhere near enough to tide me over. + +Any advice will be greatly appreciated. +I have a large portion of my portfolio in my company stock through an ESPP. I have been investing a quite small amount for the past 6 years to the point where I am sitting at (only) about 30k. I basically set it up and forgot about it and it's just been slowly growing for the past half decade to the point I'm at about $1000/ yr. + +However, doing some quick math you'd find that yield would be sitting in the low 3s + +I do though love the snowball effect I am starting to see though. I've been actively managing it and looking up stocks that I thought were pretty safe for the past year and a half and have moved into positions like KO, T, & ABBV. + +To my main point, I joined this sub fairly recently it seems I've got it all wrong. After doing a bit of research and reading I'm considering selling $10,000 worth of that stock and putting half on QYLD and the other half on VOO. + +$5000 on QYLD would be roughly $500 per year in dividends which I love. +$5000 in VOO would be moving into some growth which seems like a good idea as I'm still in my 20s + +Does anyone have strong opinions on this? Should I do more than $10,000? Do I still have it all wrong? + +Thank you for any and all input. +I used the online calculator and it told me that the EFC would be nearly 7 figures. That's probably higher than the tuition of any college. I would like to save some money if possible of course lol. +Edit: Thanks for all the feedback! The front runner now is to completely move to the city at least until baby goes to elementary school, and rent out our suburban house. At that point I should have an additional promotion or two and will have better leverage for remote work. This seemed like such a drastic change that I didn’t even bother listing it as a potential idea, but you all are right, going between two places is a lot (and essentially a vacation home in the suburbs is lame). Thank you again! And for those curious, age 29 (he’s older, current nw is pretty even split contributions-wise, I just started working young) nw 3m, target nw 10 (which is barely fatfire, so thanks for entertaining my question)!! + +My work is going to be fully onsite soon, and I live about an hour away in the suburbs (work is in city downtown). + +Back before we went remote, commute was not an issue. Now…I have a baby and I’d rather spend the two hours with her than driving. My yearly comp is a bit more than 500k, his is 300k. We’ll be completely fine on just his salary alone, but given mine is larger, that would significantly push back our FIRE target if I just quit my job to be a sahm. I’m thinking of getting an apartment in the city right next to where I work, where we could all stay during the work week. He’s remote so not an issue there. A one bed would be around 2.5k a month. Is this crazy? I know some people who make as much as us but they all have these long commutes and just deal with it. Am I just being lazy?? + +Some other ideas: +- get a condo in the city (investment vs just renting) + +- adjust my work schedule where I get in/leave at off hours, then work more from home. This’ll shave 20min off my commute each way. +Hi, I am 26 years old, live in Italy and will soon get a master's degree in Economics and finance. I was thinking about moving abroad to work in 2022 and was considering two countries, Ireland and Germany. +Keep in mind that I don't speak German very well (A2/B1) +If you have any other suggestions I'll be glad to hear them. + Hey PF, I could really use some advice. I’ve already done some research but I’m not finding helpful information. Also, I know that there is an r/expatfinance but it’s a very small community so I figured I’d have better luck here. + +I am a 26yo US citizen that moved to the Netherlands in February for work. I consider myself an expat because I intend to move back to the States, but there is no plan for when that will be. It could be three years or ten or more; I’m kind of winging it. I had spoken to some other US expats about how they invest and manage finances before I made the move, but I’m learning that it’s much more complex than I had understood it to be. + +Looking at the PF [Prime Directive chart](https://i.imgur.com/lSoUQr2.png), I’m at Step 4. I have an emergency fund and by living frugally I’ve been able to pay off all my debts. Now, I’ve got a steady stream of cash and I want to start investing it. When I moved, my original plan was to max out my 401k, then a personal IRA and then get into Mutual Funds. + +Well. There are the problems with that plan. + +**The problems:** + +* **I no longer qualify for IRA contributions**. [Apparently](https://thunfinancial.com/iras-roth-iras-and-the-conversion-decision-for-americans-living-abroad/), expats can only make IRA contributions on income that is above the amount excluded by the Foreign Earned Income Exclusion (FEIE) and the Foreign Housing Exclusion (FHE). Basically, the limit is $100,000, so if I made $110,000 a year, I could use $10,000 to contribute to an IRA. But I don’t make more than 100k, so an IRA is not an option. +* **I can no longer contribute to the 401k I had in the states**. When I called the bank about it, they said that neither I nor my employer can pay into this account, and unless I want to pay a penalty I also can’t move the funds anywhere. 401ks can only be funded by US earned income, and it can only be rolled over (such as into an IRA) if I switch employers. I transferred offices within my company to move abroad, so: same employer, but no US earned or taxed income. The money that is there will grow and shrink with the market, but otherwise it’s just going to sit there. +* **I am not permitted to invest in mutual funds.** For example, from [this](https://www.offshorelivingletter.com/fatca-regulations-non-resident-americans-cant-invest-u-s-mutual-funds/) article: “Fidelity, Schwab, and other brokerage houses announced that they will no longer allow U.S. persons living outside the United States to invest in U.S. mutual funds.” + This one frustrates me the most. From all the research I’ve done, mutual funds seem to be the right kind of investment vehicle for me, and I actually feel like I understand them as opposed to ETFs or other choices. Every US expat I spoke to before moving said that they put their money into mutual funds, and even the article linked above says to just **do it anyway** by using a US address on all the paperwork. I’ve seen many resources online that recommend the same. But…wouldn’t that be considered fraud? +* **Realistically, I can’t invest in foreign mutual funds.** Apparently most non-US financial institutions won’t sell mutual funds to a US citizen because of the hassle of doing the reporting and the consequences of getting it wrong. I’ve heard that it’s possible but not worth it. When I set up a bank account in the Netherlands, their direct advice was that if I intend to move back to the States, don’t invest abroad. +* **I don’t want to rely on my Netherlands retirement pension.** My employer is required by Dutch law to set up a pension for me, but my understanding is that the system here ramps up the contributions over time and really only starts earning me money after I’ve been in the Dutch workforce or a while (like 10-20 years). I can’t say with confidence that I’ll be here that long, and I can’t manage how much is put in while I am here. For that and other reasons, I want to keep the pension as my retirement Plan B instead of Plan A. + +So. Reddit. Please help. I’m at a loss here, I don’t know what options are left to me. I have a brokerage account with Charles Schwab (with a very small amount invested in mutual funds from before moving) and their advice was to invest in ETFs. I’ve read up on ETFs, but to be honest I don’t feel like I understand them well enough yet to put my money there. What I liked about mutual funds is that they seem like a very low-maintenance approach to investing. Buy them, let them sit and grow, sell them 10+ years later when the time comes. That’s my comfort level with investing, at the moment. + +Other options I’ve seen are to create my own “mutual fund” by going out and buying individual stocks or to invest in property. Creating a “mutual fund" seems way over my head and investment experience level. Also, I’ve considered property, but I’m hesitant given the uncertainty around how long I’m going to live in any one place (my company could always send me to another country in a year or something), and I’d need to save for a while for a down payment anyway. + +**In short, I would really appreciate any answers to these questions:** + +* What options are left to me for long term investments? +* What would be the consequences of investing in US mutual funds anyway? I’m not asking you to advise me to do something I shouldn’t, but I want to feel fully informed about this issue. + +Some info on my finances: + +After taxes, I bring home €3270 per month (with some variation. +/- €30) + +On average, I have €700ish left over each month that I can invest/put to savings. I think it will get closer to €1000/month once I’m done with setting up costs, such as buying furniture. + +Savings: + +Discover bank - $20k in a high interest savings account for my emergency fund. + +Netherlands bank - €3000 in savings so I have euros on hand for emergencies. At the end of each month, I take whatever I didn’t spend from that month’s paycheck and transfer it to dollars in my US accounts. + +Debt: + +None. I use credit cards to pay for most expenses to get airplane miles, but I pay it off every month. + +I think for someone in their 20s, I’m in a pretty stable financial situation. It’s been a mix of good habits and good luck to get here and I want to make the best of the situation I’m in to prepare for the future and some large costs I know I'm going to have eventually. The idea that I don’t know what to do now has been really stressing me out. + + +**tl;dr** What can an investing noob do with their money when they can't invest in a 401k, IRA, mutual funds of any kind, or property? +Anyone here live in a rural area and finding prices going up - especially lifestyle blocks with large landholdings? + +It seems all the cashed up city people want to come and live the idyllic country dream. Suddenly living in the country is making a lot more sense during a pandemic. +Hello Bitcoin Folks, + +Yesterday, my mom did a surgery (kidney transplantation) successfully, all the costs came from my 9 Bitcoins.. I am really happy for the success of the surgery also for my Bitcoins that was really did a great Job + +I bought those BTCs from $600 and sold in $7500 + +I am ready to re invest in BTC as soon as I got more income + +I am living in Kurdistan, which is under a bad economic situation + +ask me anything + +Sorry for my bad English +My friend had a mortgage agreement with Halifax and exchanged contracts on a house. They did a final credit check and found a bill had gone into arrears for £63 as a direct debit wasn't taken in October. + +Due to this Halifax is revoking the mortgage agreement and the house is falling through. A mortgage broker has advised they will lose their deposit and owe an additional 5%. + +Is there anything we can do?? They never got notice of the outstanding payment (and has requested a letter from the utility company to say so). The bought furniture and the house they live in now (rented) is being sold. Outside of staying with me, they have no where to live. This seems ridiculously wrong. Please help! + +Edit: I got more info from my friend. Whole situation was the bill was higher one month, an attempt to take payment happened, it wasn't collected and the bill went into arrears. The utility company has responded and said they will write to confirm letters were sent (friend is saying they never recieved) and the account is in good standing now. + +Utility company has advised the missed payment will be removed after 1 month but the Halifax offer will expire by then. + +Before the contracts were exchanged my friend had the mortgage deed. +Hi, + +Planning to withdraw 500k, for personal reasons. And then return it after a few days. Is anyone familiar with the process? What should I do so that the bank doesn’t deny my withdrawal? What do I tell the bank? How long would the deposit and transfer to my brokerage account happen after? +Hi all, + +Just wanted to start off by saying what a wonderful thread this is, have learnt a lot just by reading posts and peoples responses so thank you. + +Wanted to get peoples opinions on the possible advantages to trading multiple different bots at the same time. So far I’ve only been able to come up with disadvantages which are as follows: + +• opposing trades being opened +• opening too many trades at once leading to possible margin call + +Any help would be much appreciated! + +Thanks! +So, I've read Michael Lewis's book "Flash Boys", and it talked a lot about how HFT firms can scalp orders for like a fraction of a penny. + +I've also read that the NYSE's data center gives each colocation tenant the exact same length of cable. I've read about how HFT firms can "see the order flow", how they can front-run orders and send spoof orders, etc. + +But my question is, if I'm a HFT trading firm at like the NYSE. How do these computers *actually trade*? What is the settlement mechanism? + +Is there like a firehose of broadcast packets with the order-flow directly from other firms computers? Does the exchange run a server that somehow processes orders and spits them back out? Do the computers need to find a buyer/seller directly kinda like a person "in the pits" would do? or does the exchange's computers match the buyers and sellers? If a buyer finds a seller and agree to trade a share of stock, how does this get settled? Is it logged on the exchanges computers to make it official? + +Because I kinda picture a digital equivalent of "open outcry" with humans in the pits. But I have no idea how it actually works. + +Are there documents online somewhere that show the **technical** overview of how these trades work? or a book? + +I'm not a good enough programmer nor math wiz to end up as a quant at an HFT firm. But every time I put in a trade on my brokerage account, I wonder what's really going on behind the curtain when I place a trade. So this is completely out of curiosity. +**[EDIT]** Just want to say, this is exactly what happens anytime I research this, I get wildly different answers and it seems like each one has something to back it. Even it seems professionals disagree, its crazy to me though because it seems like something that would be verifiable. That said I thank everyone for their answers on this. It really helps me gather information.**[EDIT]** + +hi everyone. I have looked everywhere for the answer, I found this sub and figured here would be the best place to find someone knowledgeable on the subject. + +every single video I find on it never seems to explain a few things. here is probably the simplest one. + +https://youtu.be/k6smE8NEcc8 + +so I understand the idea of it. What I don't understand is: + +1) how does the hft trader know the size of your order just from you buying everything on one exchange? + +2) doesn't the hft trader need to buy up all the stock on the other exchanges to push the price up? how is it worth it otherwise? + +sorry if this is a basic question, I know hft is something that many say is good, many say is bad etc. Its just something that is really bugging me. I want to get the full picture, thx +Moved in with friend of a friend a few months back. He wanted rent paid to him in cash, which I was fine with but just wanted to make sure this wasn’t a terrible idea. He is a nice dude with some disabilities, so want to do what works for him, but don’t want to be screwing myself. Any advice would be appreciated. + +Edit: Asked for a receipt of payment for the two months I’ve lived, I’ll write them up in a receipt book when I get home and get him to sign it. Thank you all for your help! + +Edit 2: Just got home from work and had no problem with him signing receipts of payment for the two months I have been living there. Thank you all for you help, and I appreciate all your input! He’s a great guy, just letting me crash at his place for the time being, and just isn’t super tech literate so that is why he prefers cash. Thank you all once again. +...which is bigger than their streaming, direct-to-consumer and their entire studio (movie production) businesses put together. + +So much media focus on the launch of Disney+, which brought **Disney 30 million paying subscribers** in just a few months. But, **30m @ $7 a month** works out at around **$2.5bn a year,** or just under 4% of Disney's revenue. + +Just a friendly reminder if you're buying Disney solely for the streaming exposure... + +"Know what you own and know why you own it" (Peter Lynch). + +Source: [https://www.chartr.co/newsletters/disney-parks-and-recreation](https://www.chartr.co/newsletters/disney-parks-and-recreation) +Ok so sorry if this is the wrong place to ask for help but it is my personal finance and I'm in the UK. + +I am in around £45,000 worth of credit card debt (lockdown kinda destroyed me). I run a small Ltd. Company and earnings pretty much stopped during the lockdowns so a lot of things went on credit card... well pretty much everything. + +I was on furlough through my company but that went straight onto paying for my son to go to nursery so I had no money coming in for months. + +Work has picked up again and I have been making payments on my cards but it totals about £1200 a month which is becoming unmanageable. It means that every month after paying for everything I'm left with nothing. + +I have a mortgage on a part buy part rent property. Again I haven't missed any payments. + +I've looked into getting an IVA for all my debts but as the total debt is under £50000 and I have equity in my flat I can't get an IVA. + +I just don't know what to do or where to turn. I've looked at getting a loan against my property but I've been told I don't have enough equity. My credit rating isn't great as I'm using so much of my available credit. So trying to get a loan to consolidate my debt isn't really available for me. + +I can't get a recovery loan through my buisness because there's not enough liquidity as everything that comes into the buisness goes out again to pay my credit cards off. + +I just don't know what to do. I don't want to loose my home. I can't sell my car as I need it to work to earn money to pay off the debt. I just don't know what to do anymore. + +EDIT: +After bring asked here's some more info: + +Individual cards and debt amount: + +Barclaycard 1: £9380 +Barclaycard 2: £1626 +Nationwide: £2435 +MBNA: £10419 +Sainsburys bank: £10031 +Virgin 1: £5071 +Virgin: £1600 + +Interest for each is around 24% + +My income is around £3500 but that is eating into any money I had saved to pay for tax. + +Regular expenses works out to be around £3000 that includes mortgage and rent. + +My monthly payments on all the cards is around £1127. + +I know that the maths doesn't work out with how much I have left with income and how much I have coming out. And that's the problem. + +EDIT: OUTGOING: + +Mortgage: £307 +Rent and service charge: £751 +Home insurance: £12 +Gas + electric: £65 +Car insurance: £54 +Water: £21 +Council Tax: £116 +Child care: £650 +Groceries clothing etc.: £250 +Fuel: £150 + +I had written down an outgoing list and that's all I can find through my phone at the moment. It does work out to be around £2400 but I'm sure there is something I'm missing. I smoke so that adds about £300 at least each month (I have cut down). + +The £3500 is before tax which I don't save to pay tax as the amount I pay on the credit cards each month torks out to be about £1200 a month. + + +UPDATE: +I just wanted to say thank you all for your replies and DMs it was greatly appreciated. + +As for the update. I have entered an IVA with Payplan. Its reduced my payments on my credit cards down to £202 a month for the next 5 years. I'm not out of the woods yet but there is a light at the end of the tunnel finally. It also means that I have to stick to a nudget for the next 5 years but at the end of it I will be almost completely debt free (apart from the mortgage). Again thanks for any help that you've given and if anyone needs some advice or is going through the same thing as me please feel free to send me a message as I'd be more than happy to talk to you about my experience. +Just venting my frustration with the current US tax law in hopes that, maybe, we can some how begin a movement big enough to change it. + +It's so frustrating that some of us have to liquidate a part of our current investment holdings, and thus, lowering our overall future ROI, just so we can pay someone who risked none of his own money his share of the pie. + +I am all for paying taxes. It's only right that we pay for the safety and conveniences that our country have given us, but taxing crypto to crypto transactions is just stealing. Crypto to crypto transactions is not capital gains! We should not treat crypto gains like fiat gains because we simply can't walk into a convenient store and make a purchase with the majority of cryptocurrencies that are currently available on the market. It should still be considered within the realm of a long term investments holdings until we cash out to fiat. It's only fair that we're taxed, only, when we cash out to fiat and into our bank accounts where we can actually spend it . Until then, it shouldn't be taxed at all! + +It's frustrating because some of us have yet have the privilege to enjoy our investments in its fiat form, and here we are selling off some of our holdings, cutting into our future overall ROI, putting our dreams on hold, just so we can pay Uncle Sam his share of our hard earned money on a risk that we, ourselves, took. It's wrong on so many level. The US government should reconsider only taxing cryptocurrency investments after it gets liquidated into it's fiat form and into our bank accounts where it'll be spent as part of our income. Until then, Uncle Sam is just being a bully, and what we're sacrificing to pay this bully is just BS. We're giving you your fair share of the pie, Uncle Sam! All we ask is to be fair to us in return, too, please! + +P.S. I think crypto to crypto transactions should still be considered as a long term investment hold since we're not able to spend it like income. +Transactions have status "pending" half from 23rd and half from 24th of June. It has put my account into overdraft. I called Amazon who claim they only charged once and it must be bank error (gave me last few transactions IDs and auth codes), Bank (HSBC) says it must be "website error" and I should call on Monday and speak to specialised team that can cancel the error transactions and cancel any overdraft charges. That doesn't fix the fact that I can't really make any purchases right now as i don't want to go into the overdraft any further. + +Did any of you have a similar issue? +We know you lurk here. You know what just transpired with Warden. Lowball floors; recommending stop losses; recommending market orders over limit orders; outright telling us when to sell - **all of which were overwhelmingly rejected by the apes of r/Superstonk**. + +Literally within two hours of Warden posting his shit, he was writing his resignation and is no longer a mod. + +The apes know exactly how valuable these shares are to you. + +But guess what? **We ain’t selling for anything less than world-changing tendies**. The apes have gone through too much shit to settle for lowball numbers. + +**$20 million floor is not a meme.** + +🍌🍌🍌🍌💎🙌💎🚀🚀🚀🚀 + +——————— + + +Edit 1: the deleted post by Warden: + +[https://www.removeddit.com/r/Superstonk/comments/ndc1rc/selling_on_the_way_down_a_definitive_dd_on/](https://www.removeddit.com/r/Superstonk/comments/ndc1rc/selling_on_the_way_down_a_definitive_dd_on/) + + + +Edit 2: $10 mil to $20 mil. The floor for a stock that is shorted **multiple times** the number of existing, legitimate shares is whatever apes decide to sell at. And there are **a lot** of apes going for higher floors in other threads (and in the comments below). 🚀🚀🚀🚀 +The address (aka address #1) that minted the NFT sent 473,657.64 USDC to an intermediary address (#2). The intermediary address swaps some of that USDC for 1,816.08 SOL. Then Address #2 sends 1800 SOL to a 3rd address. + +The third address makes a bid and wins the NFT for 1800 SOL. That 1800 SOL goes to address #1 (the one that minted the NFT). Then address #1 sends the 1800 to the intermediary Address #2. The intermediary address swaps the 1800 SOL to USDC. + +Blockchains, amirite? + +Credit to user @zachxbt on twitter did the digging here. + +Here it is on the solana explorer: https://explorer.solana.com/address/JB21HTccXiiyZUYpdWxoy1nSu6zbMBVKBQz1if85d7ud + +Here is an article on it: https://www.vice.com/en/article/m7vpx8/analyzing-the-very-bizarre-sale-of-melania-trumps-dollar170000-nft +Good Morning Everyone! + +Still no news from the FEDs closed door meeting yesterday, it's possible they will wait till Wednesday when the January FOMC minutes are released before making any other statements, even though their website clearly states that information would be released after the meeting had concluded. + +The news coming out of the potential Ukraine conflict is still all over the place and the market is having a hard time pricing in expectations. So volatility remains high as the S&P tries to claw back some of the ground it lost since last week. + +GME has it's usual FTDs today from ETF creation and XRTs thresholding. There should also be some gamma exposure due from last Friday's options being exercised so we may have a little more buy pressure than we did yesterday. + +Feb 18th OPEX is this Friday and if they are going to start hedging GEX from that early we may start to see a slow climb over the next few trading days similar to the period before November 19th. + +[If we continue up today off this pre-market bounce we could see a test as high as 137.85 but we have confirmed resistance in the 126.78 range. ](https://preview.redd.it/26y74tqw40i81.png?width=1564&format=png&auto=webp&s=d3f1410c515fd8470a8dbbab3d4dc7c9884cdd09) + +[Our positive ADX trend is picking up a little momentum and strength to the upside, as well. ](https://preview.redd.it/tqhrmise50i81.png?width=1578&format=png&auto=webp&s=41962688eda8d42836ee47ead3c35c879ed1819d) + +**Gamma Girl...** + +Will update if there are any changes today + +**DIX Pics** + +https://preview.redd.it/0ji9g9mt50i81.png?width=2492&format=png&auto=webp&s=4fdd70b280e5b7cabfeee1ebc26f9902e1a7b67d + +[IV flat](https://preview.redd.it/ma6f8eiy50i81.png?width=2466&format=png&auto=webp&s=0b70aa1eb532ec34d86101b55920174884e749e5) + +https://preview.redd.it/bjri2ke160i81.png?width=2476&format=png&auto=webp&s=9ef776b9492f60f9335740734e17275d59c4528a + +There are still some big options moves coming in as contract buying on GameStop remains bullish. + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Nice close today right above that wall of call interest at 125, should mean some decent hedging going into next week. Puts being used for price stabilization have all but dried up. Tomorrow will be tricky we have some nice hedging from today, the usual FTDs, and continuing interest in call options driving us up. However FOMC minutes and SLD beginning could have some negative effects on broader market trends. Hopefully we can resist any potential downside and carry this price improvement above max pain into close Friday. Thank you all and see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/qt5owthaa2i81.png?width=704&format=png&auto=webp&s=a407ccf8d43bf5c6c30733bc3aa0d5d3c0b8b488 + +Edit 3 2:31 + +Looking good for a move into power hour as long as the market can hold. We have some decent OI at 125 and could see a test of that 126 resistance. + +https://preview.redd.it/ik8f4ttvt1i81.png?width=1578&format=png&auto=webp&s=b50b433be05e9599a17540c2b371bd5f8560745d + +Edit 2 12:45 + +Continuing to slightly outperform the overall market but still tracking. Smaller dips and large increases. If we sustain this 5% gain into close we could see some nice hedging into tomorrow when SLD begins. + +https://preview.redd.it/m4cqlpmya1i81.png?width=1569&format=png&auto=webp&s=1d2fbdbd2d9188d1487fb824d204ce204b231d5e + +Edit 1 10:50 + +Mostly just tracking with the overall market today, some easing of tensions in Ukraine have shown some price improvement but the market is still hesitant of the FEDs plans. + +https://preview.redd.it/kgbs6l6dq0i81.png?width=1570&format=png&auto=webp&s=5ce4564d473d6b880bb3c189200f50393705c968 + +# Pre-market Analysis + +GME climbing back with the overall market, it still hasn't made up all the losses since yesterday morning but it's on track to do so. If our volume remains low today we will continue to be at the whim of the overall market and with so much news being anticipated we can expect the market to react quickly to new information throughout the day. + +Volume: 17.63k + +Max Pain: 121 + +Shares to Borrow: + +IBKR - 200,000 @ 2.0% + +Fidelity - 134,647 @ 1.5% (about 73k borrowed today) + +&#x200B; + +[GME pre-market 1m](https://preview.redd.it/tq7ee9tn70i81.png?width=1563&format=png&auto=webp&s=7711f52933d4b09901a24a64be9309dbfb480f17) + +TTM Squeeze + +[We are getting a lot of false signals here because of the ranges we are trading in but I would say that the previous 4 days of price action indicate fire signals due to the amount of consolidation even though it is in a broad range. ](https://preview.redd.it/mipzf7yi80i81.png?width=2446&format=png&auto=webp&s=5b11d27165a6f3cd9ac216373f28872df4c7a497) + +CV\_VWAP + +[Arbitrage is fairly stable](https://preview.redd.it/gz52doqm80i81.png?width=2451&format=png&auto=webp&s=f9dee0e8e751cbcf52f30bb4109b237b7584c5a9) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +She grew up in a family with very bad money management skills. Always pushed her to go to school "no matter what". + +So she we to art school and got BA and MA for a total for ~180k. She had no idea how bad this was because she never dealt with money. + +After she met me she learned and realized how bad of a situation she is in. I just finished paying off my $70k loan. + +She has no job, never found a job in her field, and likely never will the way the industry is going with outsourcing. + +She started a non-profit job hoping for PSLF. But this post scared the crap out of us: http://twocents.lifehacker.com/what-to-do-about-the-worsening-student-loan-debt-situat-1794054841 + +We haven't married because of her loans. We haven't bought a house. We can't have a life because of bad decisions she made when she didn't know what she was getting into. + +Is there anything else that can be done? +In about 80k in CC debt with very poor credit (~550) after some poor college and grad school decisions. However, upon graduation am now a high earner (~200K/year). I’d like to get one large loan and payoff all my debt through that, but having trouble finding an option due to my low credit score, lack of credit and high utilization. Any options? +I am following FIRE and have assets mainly in cash and the stock market. This question is intended specifically for this subreddit where people have some kind of "fuck you money." + +I was an independent consultant for the last two years and when COVID hit, my last contract ended. I saw the writing on the wall from my other freelancer friends who were not getting new work anymore, and joined a company as an employee. Luckily I was able to do that pretty quickly. However the company is also not doing well and I am under a lot of pressure. Sure I am learning a lot but its like a sink or swim environment and I am not sure I will be able to swim long enough. + +With the economy slowdown, is anyone entertaining thoughts of just getting out of the rat race for 2020 and hope for better times in 2021? + +The two main concerns I have for this are: + +* Who knows whether the economy will bounce back by 2021. It could still be the same scenario only I am now more desperate for work. +* Explaining the gap. Easier to do when you're self-employed for sure. + +Also, another point is that I can't really move to Thailand or Cambodia to ride out the winter in a LCOL country. Maybe this will change in a month or two. + +Your thoughts? +Alright guys, first I'm going to lay out my thoughts, feelings, and aim for the direction of this subreddit. I've heard this echoed several times but I'll be blunt: the quality of discussion here has slipped over time, especially concerning anything that's remotely political. My goal is to maintain a higher standard of investment discussion than your average financial subreddit (looking at you /r/personalfinance). Obviously this is a general investing forum so we're open to all but I rarely see white papers posted anymore and I see a lot more stuff that isn't really that relevant to investing. I personally have taken to removing these threads automatically - something like "elon musk tweets that he wants to build an elevator to the moon by q12020 just isn't really investing news. Sure it's interesting and funny, perhaps even newsworthy, but it's not something that really deserves to be on the front page of the subreddit. + +So guidelines on corporate posts, /u/crasymike has guidelines here: https://www.reddit.com/r/investing/comments/b3ss3q/topics_being_removed_corporate_news_vs_investor/ + +I feel like these are very thorough and complete. Feel free to weigh in here but I'm largely just reiterating what he said. I think those are super good guidelines and I'm happy with the clarity it provides us in describing why we're removing threads that we don't think are investment related. If anyone wants a real world example a lil bit back I removed a thread that was about BOA raising their minimum wage to $15/hr. That's great news, it's definitely newsworthy somewhere, it's not relevant to investing. Now if someone broke down staff costs for BOA and which percentage of those were low earning employees then in turn described how this would impact BOA's cashflow then perhaps it would have stayed. But that wasn't the case. Hopefully that provides some good clarity on what we're looking for here. + +So on to the big question mark. We've been cracking down on this for months but I'd like to lay out some firm guidelines for political posts and comments. Basically I'm going to mimic Mike's post above but also I want to discuss how we feel about aggressive enforcement. First let me start by laying out my reasoning: + +Anyone that's been slumming around this sub long enough remembers that it used to be a lot different when we were south of 400k subscribers. Things change, that's fine. But back then we had a higher percentage of industry professionals and more seasoned investors. When politics came up most people weren't interested in the low effort mudslinging. Most people here just stuck to discussing the investment aspect of something naturally, [here's a great example of a thread on Bernie's transaction tax in 2016](https://www.reddit.com/r/investing/comments/40usw0/bernie_sanders_002_percent_financial_transactions/). Now lets be honest, if that thread was posted today within 30 minutes the entire thread would be people arguing about socialism, student debt, boomers, Trump's haircut or skintone, really just about anything but the actual impact of transaction tax on markets. And the rest would be "why does bernie hate retirement funds" or some other similarly low effort bullshit that displays absolutely no analysis. That's bad. + +Now, to be clear I believe we need harsher enforcement of comments in political threads than regular threads. Lets be honest with ourselves, people personally identify with politicians and take personal offense to political attacks. That's just the way it is. Everyone is just so damn worked up and angry about politics. If I say I think Jack Welch was a shitty CEO or that the management team over at Exxon is full of idiots I may have people disagree with me but it's not going to create a situation where some mob of Welch supporters starts calling me a fucking moron. If I say Donald Trump or Bernie Sanders is an idiot then people are going to lose their shit. So here's the thing: top and high level comments are key. As much as I hate it people upvote these inflammatory comments, then people respond aggressively because they've been personally offended, then all of the sudden I can't actually discern /r/investing from the comments section of your local news station on facebook. Seriously, if you ever want to feel like a genius go to the facebook comments on a local news article, any news article, really. it's filled with complete idiocy. That's what we're fighting, because if this is left unchecked all of the sudden this place looks like /r/politics or /r/the_donald and nobody wants that. If you want those sort of posts then you can go there. + +So here's what I'm proposing, you're free to express your opinion so long as it's tied to investing, you put effort in to it, and it's civil. + +**Tied to investing:** This should be obvious but damn I can't tell you how many top level comments I remove concerning immigration, social rights, literally just people's disdain for [politician], how hard it is out there for millennials, etc. you have to understand what your comment does, it attracts other comments that are discussing this subject and all of the sudden we've got a thread about manufacturing filled with comments discussing how it's hard to make a down payment on a house. Look home ownership is nice but that's not topical and not related to investing. + +**Effort:** This is admittedly subjective but lets give some examples: + +Bad: This is fucking stupid, why does bernie hate savers, MAGA!, Trade wars are easy to win right?, Orange man bad, lots of TDS here, Pocahontas just wants to tax your money away, Tulsi Gabbard's workout video on instagram is hot, [republicans/democrats/specific politican] hate america, etc. + +Do these add to any sort of conversation in any manner? No. + +Good: "Wow, I think Trump's recent move is pretty bad, China can do XYZ which will cause imports to go up/down and this is bad because ABC." or "Trump is in the right here, with the current IP theft we need to take strong action, this will set us up for XYZ" + +these are both differing positions that people may agree/disagree with but you're making a good faith effort to have a discussion. This is good. + +**Civility:** I'm having a lot of people that don't post here a lot telling me that the current political climate warrants outrage and they need to be able to express that. No you don't. There's literally hundreds of politically oriented subreddits for you to go rant about how outraged you are. You'll get plenty of upvotes and no crabby mods are going to ban you for shitting on their lawn. True story. I'm going to be completely honest: if people are not capable of discussing a topic that impacts investing without losing their shit and lobbing insults then they are not the sort of person we're catering to. So lets quantify that too: + +Bad: this fucking idiot is going to ruin the country. Bernie is a socialist and will ruin everything. Trump is literally incompetent. He's a criminal. Republicans are literally just in it for their own self interest. Democrats hate America. + +Good: I definitely disagree with this approach, so far I'm not happy with this presidency because of [investment related XYZ]. I don't like [candidate] because of [investment related XYZ]. + +I don't think it's too much to ask for everyone to not use this sub for their partisan word vomit. + +**Now on to enforcement** + +Here's my proposal, I haven't run this by anyone yet so I'm sure other mods will chime in and we'll all arrive at something together. When I remove comments that don't fit in the conversation I check a lot of post histories. 95% of the time the people that come here to throw political haymakers never post here otherwise. They often frequent political subs(yeah, news and worldnews count) and they are often the worst offenders with derailing conversation. I kinda get it, maybe they subbed here but don't know anything about investing. Investing can have a steep learning curve but everyone knows which politician they hate. So, with the context that I intend to write up a long post of finalized posting/comment guidelines and combine that with the current corporate news vs investment news sticky, then have automod post a sticky to political threads imploring people read said guidelines BEFORE posting and that violating said guidelines results in an immediate ban I propose this: + +If someone diverts conversation purposefully to political topics that aren't related, they post some low effort meme [MAGA, Orange man, TDS, any given trump insult, stable genius, trade wars are easy to win, Pocahontas, I'm sure I'm missing tons], or they just insult a politician overtly (think "fucking idiot" vs this isn't smart) then they're getting a 30 day ban. + +If they attack a person directly for their position, their post is a prolonged rant/personal attack against a politician/party, or they're being extreme about violating the above guidelines then they get a 60 day or possibly permanent ban depending on severity. To be clear there have been some subjects that automatically get people permabans already. Racism, homophobia, religious attacks(dude I swear someone asked about Sharia compliant investments and got insulted three times before someone answered), death threats, etc have warranted permabans already. + +My reasoning is simple: in my observation most of the toxic behavior comes from people who aren't contributing otherwise. I don't really want them as subscribers. I personally am fine with hurting our subscriber numbers if it means better more focused discussion. + +So thoughts? have at it. + +Other things I wanted to float that are tangentially related: Possibly instituting character minimums for posts? Either self posts or comments as well. We might grant exceptions to regular contributors? I really have absolutely no idea how or even if I could pull that off. And I certainly don't know if it's a good idea. + +Any other ideas? Suggestions? Have at it. +Hi everyone, I just want to make every one aware of a serious issue that hit home. There's a bunch of guys who pitch "financial freedom" to old mom and pops and take them for every penny of their retirement savings, make them refinance their homes and leave them high and dry. + +&#x200B; + +The main guy used to go by the name of Mo Jiwani. He did the same scam in BC, got caught, came to Ontario, found a lawyer by the name of Jonathane Ricci (who was suspended from Law Society for fraud) who hid his identity and doctored his IDs to change his name to Sai Mohammad. He then teamed up with some guys from Landmark Education by the name of James Destephanis and Glenn Estrabillo who targeted those looking for mentoring and guiding through life..at their most vulnerable...The story broke here a few months back. Check the link below. + +&#x200B; + +[https://www.reddit.com/r/PersonalFinanceCanada/comments/9u4yys/the\_1plus12\_scam/](https://www.reddit.com/r/PersonalFinanceCanada/comments/9u4yys/the_1plus12_scam/) + +&#x200B; + +Here's some new development from Global News. If you or your family/friends have been impacted by these guys, make sure to speak up now before it's too late. Best of luck all. + +&#x200B; + +[https://globalnews.ca/news/5096794/toronto-investment-company-1plus12-facing-lawsuits/](https://globalnews.ca/news/5096794/toronto-investment-company-1plus12-facing-lawsuits/) + +&#x200B; + +[https://globalnews.ca/video/5119905/toronto-based-investment-company-under-legal-fire](https://globalnews.ca/video/5119905/toronto-based-investment-company-under-legal-fire) +Hey guys. Looking for some advice. So, I grew up in a somewhat poor family. Everyone in my family dropped out in or before high school. My dad does manual labor and even though he makes decent money nowadays he is still terrible with money. Mid 50s with no savings or retirement so basic money management was never taught to me so I can’t go to them because they think saving $5k is impossible and makes you rich. + +So I’m currently 20, joining the army. I’ll be making around $1500-2000 a month. I’ll be picking a good mos that will translate fine into the civilian life if I choose to get out after 4 years. I’m going to try to save at least $800 a month. + +I don’t know if I should do 20 years as enlisted and retire at 40, OR get out after 4 years, use gi bill for college and get a great job, OR get a degree and re-enlist as an officer and retire at around 44-48 with a much higher pension. + +I’m kinda leaning towards 3rd option but military life can be hard and I may go with 4 years instead. +Guten Tag to this global band of Apes! 👋🦍 + +Another exciting day HODLing GME! Am I the only one who saw how easily the price rose over $10 yesterday, until the Short Hedge Funds activated the shorting machine and tried to regain some control? It gave me the strong impression that the SHFs are losing their grip on the price, and any slips become more significant than they can tolerate. The quarterly futures must be closed and settled by market open on Wednesday, so there's a lot of anticipation about what the next few days will bring. As more and more Apes are pushing their shares to ComputerShare, out of the hands of the enablers at the DTCC, the pressure is ratcheting up on SHFs. Which fund will move to close its short positions first? Are they *all* hopelessly underwater, without any chance of survival? Stay tuned, and stay Diamantenhände! + +Today is Friday, September 17th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$210.31 / 177,94 €** *(volume: 1456)* +- 🟩 115 minutes in: $210.34 / 177,96 € *(volume: 1204)* +- 🟥 110 minutes in: $210.19 / 177,84 € *(volume: 1199)* +- ⬜ 105 minutes in: $210.31 / 177,94 € *(volume: 1197)* +- 🟩 100 minutes in: $210.31 / 177,94 € *(volume: 1197)* +- 🟩 95 minutes in: $209.77 / 177,47 € *(volume: 967)* +- 🟩 90 minutes in: $209.75 / 177,46 € *(volume: 950)* +- ⬜ 85 minutes in: $209.71 / 177,43 € *(volume: 942)* +- ⬜ 80 minutes in: $209.71 / 177,43 € *(volume: 940)* +- 🟥 75 minutes in: $209.71 / 177,43 € *(volume: 935)* +- 🟥 70 minutes in: $209.72 / 177,44 € *(volume: 913)* +- 🟩 65 minutes in: $210.00 / 177,68 € *(volume: 771)* +- 🟩 60 minutes in: $208.14 / 176,10 € *(volume: 664)* +- 🟥 55 minutes in: $208.05 / 176,02 € *(volume: 578)* +- 🟩 50 minutes in: $208.07 / 176,04 € *(volume: 574)* +- 🟩 45 minutes in: $207.45 / 175,51 € *(volume: 472)* +- 🟥 40 minutes in: $207.43 / 175,50 € *(volume: 472)* +- 🟥 35 minutes in: $207.45 / 175,51 € *(volume: 441)* +- 🟥 30 minutes in: $207.48 / 175,54 € *(volume: 399)* +- 🟩 25 minutes in: $207.53 / 175,59 € *(volume: 345)* +- 🟩 20 minutes in: $207.50 / 175,56 € *(volume: 301)* +- 🟩 15 minutes in: $207.48 / 175,54 € *(volume: 241)* +- 🟩 10 minutes in: $206.91 / 175,06 € *(volume: 150)* +- 🟥 5 minutes in: $206.84 / 175,00 € *(volume: 50)* +- 🟩 0 minutes in: $207.06 / 175,19 € *(volume: 48)* +- 🟩 US close price: $206.37 / 174,60 € *($205.30 / 173,70 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.18194229. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +July was a good month for me. For the second time, my passive income was over $1,000. The total passive income was $1297.14. You can check my details report here. + +[July 2020 Passive Income](https://mydividendsnowball.com/july-2020-passive-income-report-financial-freedom-journey-update/#.XzaUWvlKg2w) +I always wanted to Invest in Mining Stocks like - Coals, Copper, and Silver, I’ve been contemplating the possible increase in copper and coal so I thought it would be nice to put some money on it. Just having second thoughts if I’m already too late on this trend. + +I’m thinking of placing in juniors like Solaris Resources (SLS) and Copper Mountain Mining (CMMC) is looking pretty good too since they’re showing pretty good drill results (especially Solaris). Then, might go jump and join the big boys like Southern Copper Corp (SCCO) & Vale Canada Limited (VALE). + +Can any of you let me know if I should still go for it? Any thoughts/opinions from people that are already in Mining Investment? +I am 52 and wife is 50. We boty have worked for same company for almost 30 years. We are probably working to at least 55 for me...so 3 more years. + +I am being considered for a job that would make it easier for me to work longer if i choose to. I wouldnt really need the money from a job at age 55, but with insurance it might be easier to just work and pile up money to at least 60 so i dont have to navigate ACA for as many years. + +Has anyone had experience like this and just worked because it eliminates any doubt...plus you dont have to deal with insurance, sequence of return risk, and just makes the inheritance larger for kids. +With cryptocurrency being a big thing right now, I was wondering if the federal government could start their own. That would give people an option for crypto without devaluing the dollar. + +The "AmeriCoin" could be started at $10, and the federal government could always accept them for a minimum of $10, or for fair market value. This would give it a bottom floor but leave room to grow. + +Would this work? Are there any implications for the market that I'm not seeing? + + +Edit: I tried replying to some of the questions but can't seem to open the comments, so I'll add some here. + +The point of this would be to create a hybrid currency. By anchoring it with the dollar, it would be more stable that traditional crypto. But being crypto, would still grant some anonymity that you used to be able to get with physical bills but can't with electronic payments. It would also make sure the US wouldn't get "left behind" by having some other crypto becoming a more dominant form than the dollar (not a likely scenario, or one that would happen soon, but could potentially happen later on). + +Edit 2: "The dollar is already a crypto." LOLWUT? That's too ridiculous to even respond to. + +Edit 3: Central Bank Digital Currency! I figured there must be some term for this, but couldn't find anything. Thanks u/ApolloCreed +Hi. I'm an incoming college freshman in fall 2019 planning to major in economics in a possibly non-target state school. I'm interested in possibly going towards Wall Street or anywhere in between for a future career and I realize how expansive the jobs are with an economics major and having the right skills such as programming or certain math courses can help me find a job. I also realize the power of networking that can be had on for a future career and how crucial it really is. I realize it's going to take more hustling because I won't be attending an Ivy League. I also realize that there are many other industries that need jobs from economics majors. + +Does anyone have any suggestions towards what I should possibly do during the next few months? I'm interested in seeking an internship or something related that could help differentiate me amongst others on my resume and possibly find a direction for where I want to go into for possible careers. I'm open to suggestions or such and I realize that there are many different paths I could go down so I would appreciate any advice. I'm trying to find some direction. Thank you! +I've heard that economists mostly frown on free college tuition because it: + +1. Mostly benefits the affluent - people that are wealthy enough to afford it anyway. +2. Doesn't provide much benefit to low income students, because the students that might benefit from tuition free college often aren't prepared to complete a four year degree anyway. +3. Does not address the problem at its root, which is earlier in the educational pipeline. The money would be better spent enhancing grade school middle school or high school to prevent issue #2 from ever happening. + +So lately I've been thinking about Maryland. Ben Jealous, a gubernatorial candidate for Maryland, wants to install free college there for state residents (2 year schools are already tuition free). And Maryland has is one of the highest rated public school systems in the US. IIRC they held the #1 spot for several years until recently when they dropped to #6. + +So I'm thinking that its possible that Maryland is kind of an optimal place for enacting this type of legislation. Incomes in Maryland are generally higher than other areas, so the policy might not only favor the affluent. Maryland prepares its students better than nearly anywhere else in the country, so more of them are likely to be capable of completing degrees and actually take advantage of the free tuition. + +So, in this type of scenario, what do the experts here think of a free tuition program? +I'm sure everyone here is aware of Milton Friedman and Hayek. + + But from my understanding there is a considerably higher percentage of libertarian economists compared to the average population, however from my research it seems to be that the majority of Economists are for Keynesian Economics. + +( I can imagine theres a few) But why is Keynesian economics the more popular than a more pro-free market approach to economics among economists? + +Slight edit: I very well understand how poorly constructed this question is now. Thanks for the info everyone. +In Canada M3 of 2021May has decreased from last month reading. 2020Dec M3 has also decreased. But M1 for either months has increased. + +Why does M3 decrease while M1 increases? Because I thought when M1 increases, M3 also increase because M3 includes M1. + [(2) The Most Successful Economic Policy Of All Time - The German Historical Economics Development of Shimomuran-Wernerian Macroeconomics - The Most Successful Economic Policy of all time - Quora](https://www.quora.com/q/cngcvuwoxwjzuesi/The-Most-Successful-Economic-Policy-Of-All-Time-The-German-Historical-Economics-Development-of-Shimomuran-Wernerian-Ma) +I was just doing some digging on MIT's Observatory for Economic Complexity (2016 data), and looking at what China's biggest import is from the US (Soybeans), and where they also import it from (Brazil and Argentina). I then looked at how much Brazil and Argentina export to other countries, and noticed that China could cut out the US entirely and import straight from Brazil and Argentina, but they would have to stop selling smaller quantities to other nations like France and Spain and local South American countries. My question is two fold, first is somewhat basic; if China were to incentivize Brazil and Argentina with a high enough price, could they get all of their Soy Beans from these two countries if those countries agreed to stop supplying their other customers? This would hurt the US export market for Soy Beans, but not too much, since now France and Spain and other other South American countries need to import it, and they'll get it from us. So its still status quo, just shuffled. But does this have negative effects for the US or China at all? aside from weakening the diplomatic relationship and China is now paying a higher price on Soy to incentivize the producers to allocate their whole crop to China. +I don't have much to say,but am proud of you ladies out there in the world who continue to hold :-) believing that Bitcoins will rise and be very valuable. Congratulations to you all ;-),you are all part of the change. +[https://www.nyse.com/regulation/threshold-securities](https://www.nyse.com/regulation/threshold-securities) + +As expected, shorts have managed to dodge or postpone another set of obligations which many of you know as "Opex" (options expiry). XRT is back on the threshold list as of tonight. Some of you know that obligations can effectively be "laundered" through ETFs such as XRT. + +Smart people are trying to figure out how it was done, but we'll see how this affects GME over the next 13 days. After that, obligations are force-cleared. +Over the last year what’s become abundantly clear is that nobody is coming to help retail in this GME play. As we all know we’ve had countless entities arrayed against us actively working to hurt retail. + +Retail has to help itself, and the only way it can help itself is through direct registering all shares outstanding. + +This is the real game now and everybody seriously in this play knows it. Registering all shares outstanding ends the game. + +Our adversaries have been and continue to be all about buying themselves time. Regardless of msm fud they understand that retail is attempting to register all shares outstanding. + +They wouldn’t bring it down from the 150-180 range, a range where there was less buy pressure and little fomo interest, to below $100 where there’s big buy pressure and that buying power almost doubles, unless they absolutely had to. Unless their margin requirements, upcoming ftds, and desperate hope that retail might see this selloff as a real selloff not a fabricated selloff, forced their hands. + +What this means is that despite appearances retail is winning. It’s a bullish indicator. You could only call it a bearish indicator if you honestly believed it was retail and long institutions selling off their positions. + +I’m 100% sure it’s short selling and other collusion and manipulation that has caused the last prolonged drop from $250 to $100.15 and thus I’m more bullish than ever. +Seriously this blows my mind! How are there so many people believing in the bull run when bitcoin was going from 60k to 69k but now I still see so many selling and complaining that “we enter the bear market” + +What kind of mindset is this? Wasn’t it you that complained for months that “I wish I bought the dip”? Well guess what now it’s the perfect time! If you truly believed in crypto hitting another all time high - how can you think it will go further down from the 47k we are at right now? Or even worse - how can people sell NOW when it’s already so far down? +Seriously when people here were saying “buy high sell low” they didn’t meant it literally. It’s a joke. Don’t be the clown that actually does this. + +I yolo’d my last savings into the recent dip and wanna hear something crazy? I already made profit! Not that I sell but pretty good for such a “bear market” right ? + +Now this is not a financial advice but I’ll promise you that me and the boys who bought this dip will drive behind you with our lambo for weeks if we catch you complaining “oh man I wish I bought the end of 2021 dip”. + +“Oh but what does this guy know about btc” yea true I don’t know anything! But do you know who I trust ? The over 90 richest whales that HAVEN’T SOLD A SINGLE COIN SINCE ATH! +They keep buying every dip. Every. Single. One. + + +Edit: I know this is not all of you guys. I just hope this helps some people with their mental health when they struggle and consider selling right now driven by emotions :) + +Edit2: wow thank you so much awesome stranger for my first platinum award ever ! +It just seems rediculous to me that over half of the U.S. is on welfare and i do not believe them. i googled the statistics and they showed 4.1 percent for the year of 2012. + +Edit: thank you for all of the responses, i have learned a great deal on this subject. +I have long had a question/issue with the notion of a "safe withdrawal rate" (SWR), and it has frankly received pretty aggressive negative feedback here when I have raised it/asked about it. I have generally believed that people simply did not understand my point/issue, not because of them, but because of my failure to communicate it well. I was sitting in bed last night thinking about it, and a different example occurred to me as a way to communicate the issue. + +Supposedly, there should be an SWR that you stay fixed to when you "retire" that allows you, with a fairly minimal degree of risk, to withdraw that same rate (inflation adjusted over time) without running out of money over a fairly indefinite period of time (perhaps 4% for 30 years, 3-3.5% for longer/indefinite time periods). + +One of the staple things stated about this, however, is that you cannot/should not adjust the withdrawal rate up/or down if your principal amount increases or decreases. In other words, you just ride along with the market, trusting that the market will correct back up if it drops (and likewise, you don't take more money out of the market when it is up, as you need that money to offset inevitable market drops). + +People who worry that the market is "too high" and who worry about the risk of an historical SWR are told that they are trying to time the market, and that the market is essentially a random walk that could continue to go up or down. + +Here is why I do not understand this from a fundamental logic/mathematical perspective (these numbers are rough - I did not look up the actual returns for the periods in question, but they work well enough to illustrate the issue). + +Scenario #1: Let's say I retired in 2010 with $2MM. I earned absolutely nothing since then other than return on investment. I want an annual stream of money from principal to effectively last forever. According to good FIRE SWR principles, I therefore dutifully take my $60,000 per year (3%), inflation adjusted. Now, as we head into the beginning of 2020, even after that time period, I have $3MM in principal, because the market has drastically outearned my annual withdrawals. FIRE SWR principles tell me I should still only be taking that $60,000 per year, inflation adjusted, because of what my principal was in 2010. + +Scenario #2: Let's say I had $2MM in 2010, but I did not retire. I continued to work. However, I spent everything I made. In fact, I actually lived high on the hog, and took some of my return off my $2MM in investments every year. Now, as we head into the beginning of 2020, I decide it is time to retire, and after growth on that $2MM in investments that I had in 2010, I now have $3MM. FIRE SWR principles tell me I should be able to take $90,000 per year (3%), inflation adjusted, indefinitely, because I am retiring now with $3MM. + +Scenario #1 and Scenario #2 are the same mathematically. Yet FIRE SWR principles suggest different absolute safe withdrawal amounts, merely because of an artificial designation of being "retired" that is effectively mathematically irrelevant. It leads to an incongruous withdrawal amount, simply based on someone saying they are "retired" as of certain dates, even though the financial situation is exactly the same for both scenarios. + +This does not make sense from a purely logical perspective, and I have long struggled with this issue from that perspective. + +I'd love thoughts and discussion (though preferably without the angry reaction as though I'm being some heretic iconoclast that I've received in the past). I'm very open to believing I'm missing something here, but I'd like to discuss it rationally and gain a better understanding of it. +Hello everyone, first time poster here. I'm looking to get into REI and saw an idea shared in a FB group. Just wanting to get some feedback from the people in here who may be more knowledgeable. It goes like this.. + +Buy a piece of land to use as a campground. Ideally near some larger wood state land. Near me (upstate NY) you can get a few acres for around $15k. Turn it into a campsite. Maybe install an electrical hookup for RV's and an outhouse. I think I would also throw a Yurt on it (another $15k). Put the property on Airbnb, VRBO, and Himpcamp. With the Yurt, you're probably looking at $75-100/night. If you can get a 50% occupancy (I don't have any Airbnb experience but have heard that's a decent baseline estimate), that's around $15k annually in revenue. So after a few years, theoretically you've made your money back (I know there are taxes and fees I'm not accounting for here, I'm just kinda using rough ball-park numbers). + +My question(s) for this group.. has anyone heard of this strategy, or even tried it? It sounds like a decent low-cost way to get into rental properties.. what am I not accounting for? +This is my first official valuation and I wanted to post it here to see if anyone has any constructive criticisms, pointers, or comments they'd like to share. I'm constantly looking for new ways to improve my methods, so anything you have to say is highly valued and appreciated! + +I initially found PRDO while using one of my favorite value screeners. I searched for companies trading within 25% of their 52 week lows with a market cap below $5b, debt-to-equity below 30%, return-on-equity over 20%, and return-on-total-capital above 10%. I primarily look for small-caps because they’re often overlooked (especially when monetary policy is loose). It’s my hope that companies trading off these lows, while still remaining highly profitable and having little-to-no debt, have been mispriced by the market. As long as everything under the hood is okay, these companies are potential opportunities. + +Perdoceo Education Corporation is a for-profit post-secondary education provider with both online and offline learning opportunities. In 2020, \~95% of students were enrolled online. They offer various degrees and certificates, including associates degrees, bachelors degrees, and doctoral degrees, as well as an array of certificates for career focused disciplines. Perdoceo owns and operates American Intercontinental University, Colorado Technical University, and Trident University International. + +Here’s why it’s sold off so much. In 2020 Perdoceo, as a whole, received 74% of its tuition from Title IV federal funding. The 90-10 rule, a US regulation, stipulates a for-profit school’s revenue cannot be more than 90% federally funded and the remaining 10% must be found elsewhere. However, in 2019 the US Department of Education allowed Perdoceo to differ $39 million of federal funding to avoid violating the 90-10 rule, so long as they entered a 2-year probationary period. If Perdoceo violates the regulation again, federal funding will be terminated. Additionally, an amendment was recently passed that closes a loophole allowing the money veterans use under the GI Bill and Pentagon tuition assistance programs to be excluded from the 90% of the 90-10 rule. Even though the closure of this loophole may seem scary, I’m not very concerned because Perdoceo has the means to adjust their ratio by the time it takes effect in 2023. However, it is still important to be aware that **Perdoceo is highly dependent on Title IV funding** and would have to liquidate if it dries up. + +As per their 2020 annual report, Perdoceo was sitting on $406,360,000 in cash and marketable securities (\~$300,000,000 in municipal bonds and non-governmental debt securities) and $52,000,000 in debt. This was likely accumulated in response to the over $500,000,000 in settlement funds Perdoceo has paid out over the last couple of years related to lawsuits for their unethical practices of student recruiting. However, I have total confidence management will effectively use this money to facilitate any changes needed to stay within the 90-10 limits, as they seem focused on improving transparency in their marketing methods. It also doesn’t hurt that these assets are generating interest while they sit on the balance sheet. + +In a broad sense, I also believe the online schooling trend will continue far into the future, as COVID helped a previously untapped market realize its convenience and simplicity over traditional education options. So now that we have all of that out of the way, let’s get into the numbers! + +I like to use the discounted cashflow model for my intrinsic valuations because I believe it’s the most effective and objective way to value a business. For this valuation I’ll be using the financial information from Perdoceo’s 2020 annual report, but will update the model in another article with their 2021 numbers when they come out next quarter. + +Please keep in mind that most of the assumptions used to perform the calculations in this model are extremely conservative and are intended to represent the worst-case scenarios possible (aside from liquidation) in an effort to build-in an additional margin of safety on top of the 30% I require for my results. To calculate my discount rate I used a risk-free rate of 1.534% to determine Perdoceo’s weighted average cost of capital (WACC), which came out around 8%. For the purposes of this valuation, I will round up and use a discount rate of 10%. + +For all my discounted cash flow valuations I extrapolate revenue and determine what the company’s free-cashflow-to-equity margin is using historical data. This obviously only works if I can accurately predict what their future margins will be, so I tend to be more conservative when doing this. In my mind, the more conservative one is, the higher their margin of safety will be. In 2017, 2018, 2019, and 2020 Perdoceo’s free-cashflow-to-revenue was -4.71%, 8.65%, 10.82%, and 24.76% respectively. Clearly, they have been becoming more profitable over time, but I will be using a ratio of 10% to stay extra conservative and make sure I have considerable room for error. + +After projecting future cash flows, terminal value, and subtracting the company’s net debt, I arrived with three intrinsic values for three different scenarios. The first assumes a 0% growth rate for the next five years with a 0% perpetual growth rate, the second assumes an annual decline in revenue of 5% over the next five years with a perpetual growth rate of 0%, and the third assumes an annual decline in revenue of 10% over the next five years with a perpetual growth rate of 0%, all with free cashflow margins and discount rates of 10%. These three scenarios were weighted with probabilities of 50%, 30%, and 20% respectively. + +Scenario 1: $18.52 + +Scenario 2: $15.81 + +Scenario 3: $13.58 + +Weighted average: $16.72 + +As you can see, even with very conservative assumptions, Perdoceo remains significantly undervalued compared to its previous closing price of $11.07. With a margin of safety of 30%, it’s a buy up to $11.70 (and that’s assuming stagnant or negative revenue growth and compressed cashflow margins over the next few years). Hopefully, the risks priced into the market are overblown and Perdoceo can continue its operations without any hindrances. The recent increase in hedge fund and institutional ownership (currently at 7.56% and 81.04% of outstanding shares) may indicate this sentiment, but only time will tell. + +Thank you for taking the time to read this valuation! Please share any questions, constructive criticisms, or comments you may have. If you'd like the formulas and financial data I used to calculate WACC, FCFE, or DCF, they can be provided upon request. + +**Note: I do not think this company is ethical by any means. Their historically predatory student recruitment is gross and this is not a company I want to own long-term. For that reason, I'll be exiting my position when the intrinsic share value is realized by the market (if at all).** +This is my first official valuation and I wanted to post it here to see if anyone has any constructive criticisms, pointers, or comments they'd like to share. I'm constantly looking for new ways to improve my methods, so anything you have to say is highly valued and appreciated! + +I initially found PRDO while using one of my favorite value screeners. I searched for companies trading within 25% of their 52 week lows with a market cap below $5b, debt-to-equity below 30%, return-on-equity over 20%, and return-on-total-capital above 10%. I primarily look for small-caps because they’re often overlooked (especially when monetary policy is loose). It’s my hope that companies trading off these lows, while still remaining highly profitable and having little-to-no debt, have been mispriced by the market. As long as everything under the hood is okay, these companies are potential opportunities. + +Perdoceo Education Corporation is a for-profit post-secondary education provider with both online and offline learning opportunities. In 2020, \~95% of students were enrolled online. They offer various degrees and certificates, including associates degrees, bachelors degrees, and doctoral degrees, as well as an array of certificates for career focused disciplines. Perdoceo owns and operates American Intercontinental University, Colorado Technical University, and Trident University International. + +Here’s why it’s sold off so much. In 2020 Perdoceo, as a whole, received 74% of its tuition from Title IV federal funding. The 90-10 rule, a US regulation, stipulates a for-profit school’s revenue cannot be more than 90% federally funded and the remaining 10% must be found elsewhere. However, in 2019 the US Department of Education allowed Perdoceo to differ $39 million of federal funding to avoid violating the 90-10 rule, so long as they entered a 2-year probationary period. If Perdoceo violates the regulation again, federal funding will be terminated. Additionally, an amendment was recently passed that closes a loophole allowing the money veterans use under the GI Bill and Pentagon tuition assistance programs to be excluded from the 90% of the 90-10 rule. Even though the closure of this loophole may seem scary, I’m not very concerned because Perdoceo has the means to adjust their ratio by the time it takes effect in 2023. However, it is still important to be aware that **Perdoceo is highly dependent on Title IV funding** and would have to liquidate if it dries up. + +As per their 2020 annual report, Perdoceo was sitting on $406,360,000 in cash and marketable securities (\~$300,000,000 in municipal bonds and non-governmental debt securities) and $52,000,000 in debt. This was likely accumulated in response to the over $500,000,000 in settlement funds Perdoceo has paid out over the last couple of years related to lawsuits for their unethical practices of student recruiting. However, I have total confidence management will effectively use this money to facilitate any changes needed to stay within the 90-10 limits, as they seem focused on improving transparency in their marketing methods. It also doesn’t hurt that these assets are generating interest while they sit on the balance sheet. + +In a broad sense, I also believe the online schooling trend will continue far into the future, as COVID helped a previously untapped market realize its convenience and simplicity over traditional education options. So now that we have all of that out of the way, let’s get into the numbers! + +I like to use the discounted cashflow model for my intrinsic valuations because I believe it’s the most effective and objective way to value a business. For this valuation I’ll be using the financial information from Perdoceo’s 2020 annual report, but will update the model in another article with their 2021 numbers when they come out next quarter. + +Please keep in mind that most of the assumptions used to perform the calculations in this model are extremely conservative and are intended to represent the worst-case scenarios possible (aside from liquidation) in an effort to build-in an additional margin of safety on top of the 30% I require for my results. To calculate my discount rate I used a risk-free rate of 1.534% to determine Perdoceo’s weighted average cost of capital (WACC), which came out around 8%. For the purposes of this valuation, I will round up and use a discount rate of 10%. + +For all my discounted cash flow valuations I extrapolate revenue and determine what the company’s free-cashflow-to-equity margin is using historical data. This obviously only works if I can accurately predict what their future margins will be, so I tend to be more conservative when doing this. In my mind, the more conservative one is, the higher their margin of safety will be. In 2017, 2018, 2019, and 2020 Perdoceo’s free-cashflow-to-revenue was -4.71%, 8.65%, 10.82%, and 24.76% respectively. Clearly, they have been becoming more profitable over time, but I will be using a ratio of 10% to stay extra conservative and make sure I have considerable room for error. + +After projecting future cash flows, terminal value, and subtracting the company’s net debt, I arrived with three intrinsic values for three different scenarios. The first assumes a 0% growth rate for the next five years with a 0% perpetual growth rate, the second assumes an annual decline in revenue of 5% over the next five years with a perpetual growth rate of 0%, and the third assumes an annual decline in revenue of 10% over the next five years with a perpetual growth rate of 0%, all with free cashflow margins and discount rates of 10%. These three scenarios were weighted with probabilities of 50%, 30%, and 20% respectively. + +Scenario 1: $18.52 + +Scenario 2: $15.81 + +Scenario 3: $13.58 + +Weighted average: $16.72 + +As you can see, even with very conservative assumptions, Perdoceo remains significantly undervalued compared to its previous closing price of $11.07. With a margin of safety of 30%, it’s a buy up to $11.70 (and that’s assuming stagnant or negative revenue growth and compressed cashflow margins over the next few years). Hopefully, the risks priced into the market are overblown and Perdoceo can continue its operations without any hindrances. The recent increase in hedge fund and institutional ownership (currently at 7.56% and 81.04% of outstanding shares) may indicate this sentiment, but only time will tell. + +Thank you for taking the time to read this valuation! Please share any questions, constructive criticisms, or comments you may have. If you'd like the formulas and financial data I used to calculate WACC, FCFE, or DCF, they can be provided upon request. + +**Note: I do not think this company is ethical by any means. Their historically predatory student recruitment is gross and this is not a company I want to own long-term. For that reason, I'll be exiting my position when the intrinsic share value is realized by the market (if at all).** +Background: I have been investing for the last 6 months and consider myself to follow the ideologies of of value investing. + +My primary holding is up 40% (Aspen - on JSE, can give info about it if asked) and this has me wondering if I should sell my profits. + +I know a core principle of value investing is to not sell, and it makes sense from the perspective that I should back the fundamentals of Aspen and trust my investment in them to grow. + +This is something I’ve learnt from buffet, but his powers of evaluating a business far exceed my own (obviously) so I cannot be sure if this growth is supported by its value? + +I would not sell my entire stake in them, just the 40% profit I have made, which I would re-invest in a different company. + +Ultimately, the question of “where can my investment grow the most” is the bottom line. + +Should I continue to trust Aspen, as my investment continues to grow, in thinking this is the most profitable investment so I should keep more money in it. OR should I sell the profit (still keep the initial investment in Aspen) and invest the profit elsewhere? + +Open to discuss this and would appreciate some ideas pertaining to this. + + +Edit: spelling + +Thank you for the responses, appreciate the ideas and thoughts. I found large majority to be very helpful and reminded me of the basics of value investing. +I just wanna share this because im curious if others have the same experience but basically after getting into crypto and getting some sweet gains I barely spend any money. Dont get me wrong, I'm far from being rich but theres a lot of stuff I always wanted that I could get now but I simply dont feel like buying them anymore. I always imagined that if I made a lot of money from crypto id buy all kinds of stuff but its the complete opposite. Im not exactly sure why but I think I just have a new perspective on money and value it more and therefore more scared to spend it. +I'm really glad I've become less materalistic and only wish I was always like I am now. +Ok, the title is clickbait, I'll be the first to admit. But it's meant to show off my frustration with just how infuriatingly difficult it's been for me to get into forex, and really any kind of daytrading. + +Now, I get that this stuff isn't easy. If it were, everyone and their grandparents would be making bank while sitting at home all day. That's fine by me. I've also already lost my fair share trying to get into it, having almost blown my account one or two times in the last year because of *very smart* trading decisions on my end. + +That being said, I still have no idea how anyone is suppose to learn anything in this business. Every "article" I read seems to contain hand-picked examples which illustrate perfectly how a given trading strategy is meant to work. I then go in to try it out myself, and get instantly burned. + +At this point, I've committed to memory as many price action patterns as I can, but I am yet to actually encounter them in any charts I view during the day, the only time I've seen them is in the hand-picked examples I mentioned before. + +I've also tried trading off of indicators. Moving averages, stochastics, MACD, you name it, I've probably read about a way to "predict" price movements using it. It's all complete hogwash, not one that I've tried so far has made me money. + +Am I just stupid? Am I overthinking this stuff? Or am I underthinking it, not going deep enough? I don't even know anymore. +My whole family has been poor going pretty far back. Recent history is my grandparents were born deaf and discarded by society, and took crap odd jobs to make ends meet. Grandma got pregnant as a teen, my mom also got pregnant at 15, and then I myself got pregnant as a teen. I was pretty uneducated about life in general and most certainly about money, and how much money it took to raise children. I just knew you were supposed to have kids and struggle, that was life and that's just how it is. Graduating high school was optional. + +When I got older, my world view really changed. I was determined to raise my kids middle class so they could have all the things I never did. I was (still am?) pretty illiterate when it comes to money, so I borrowed my way out of poverty. I ran up all kinds of credit cards and loans to fund a middle class lifestyle. My kids got to dress in new clothes (even though they weren't name brand, they weren't hand me downs!), they got to do extra curricular activities. My husband and I moved to a decent school district, bought mid-range cars. We were so deep in debt this whole time. + +Now both of my kids are in college, and they still live at home so we can pay their living expenses while they are going to school. They are the first generation in my family to go to college right out of high school. And I'm proud of that. + +My husband and I are working hard to pay off the debt we've accumulated throughout their childhoods, but honestly I don't regret any of it. Borrowing money allowed us to get to a place where we could live in a regular house, wear regular clothes, buy regular food. And I feel like we broke the poverty cycle - now my kids are in college and are set up to get good paying jobs, and we can help them save money while living at home so they can move out when they are financially ready to. We are trying to teach them about money, and not getting into debt, but it's hard when I don't really know much myself. + +Sorry for the long post, me and my husband were just discussing it so I thought it would make a good discussion here also. I read an article that said movement between the classes doesn't really happen, I think we were able to but probably not in the best way. +I have asked a few of my friends regarding the shared ownership scheme and they only say that "it's not worth the money" without a proper explanation or math for me. As I'm not British, this scheme is new for me. Can you please explain why it would not be beneficial for me to look for one? The one that I brought up had these figures: + +&#x200B; + +full market value: 400k + +share available: 25%, 100k + +monthly rent: \~750£ + +monthly service fee: 90£ + +&#x200B; + +Thank you + +&#x200B; + +Edit: I'd have 50% deposit in cash, I'd be looking to share with someone (someone possibly renting from me? Would this be even feasible?) +**objective:** I'm a longtime reader and occasional contributor wanting to share (throwaway account). Sites like this have helped me financially over the years. To help others, I want to share my current situation as an example / motivation. I have nothing against folks who make different choices and follow a different path (i.e. high earners, marriage, parents), but thought you may like to see a different example. Selfishly, I want to learn more and hear any suggestions to optimize my path. I'll try to keep the top sections brief and get more detailed as I go to avoid walls of text. These values are for a single person living in a LCOL city in midwest USA. + +**current assets / liabilities:** (rounded to nearest $5k) investments - $290k ($160k in 457 plan \[about 50% Roth\], $65k Roth IRA, $40k taxable brokerage, $25k HSA), home - $200k (paid off, $160k purchase price in 2015 - typically I don't count this extra $40k toward my NW but I thought $500k would make a better thread title than $460k ha! Trulia says it's worth $70k more but that seems absurd to me), cash - $10k + +**current monthly budget:** I gross $5,400. My taxes are around $1,090 (federal - $470, social security - $300, state tax - $190, Medicare - $70, health insurance - $50, dental insurance - $25). Saving is around $3,120 (457 plan (Roth) - $1,620, brokerage - $740, Roth IRA - $500, HSA - $260). Spending is around $1,210 (property tax - $225, utilities - $220, sports/hobbies - $155, restaurants - $150, gas / maintenance for car - $100, travel - $85, home insurance - $65, auto insurance - $60, etc) Note that my S/O covers grocery costs (my average spend previously was $300). We don't combine our finances but this (and a $300 monthly cash payment to me) is how she pays for living in the house. So my current savings rate (of gross) is 58%, I'd guess that the average of this since college has been around 50%. EDIT: the values of saving have been similar since 2009, but shifted from principal payoff to investments around 2015. + +**history:** I was very lucky growing up. To give an idea of affluence my father was a public elementary school teacher, my mother stayed at home, and frugality was valued. I did well academically and that resulted in the majority of state college being paid for. My parents contributed too and I graduated with a B.S. degree with a small amount of debt ... I don't recall this exact amount but probably something like $10k (unfortunately I don't have records on exactly how many scholarships I got and how much my parents paid). By working some jobs through college I'd estimate my net worth at graduation was pretty close to zero. After starting my career (2009) I moved back in with my parents and devoted paychecks to saving toward a home with a friend. Once we moved in ($200k purchase), we were focused on paying the mortgage off ASAP. I didn't start really tracking net worth until later so I'm not exactly sure how long it took to pay that off, but we lived together until 2015. Then we moved out (he was getting married) and I used some of the house sale proceeds to get a new place ($160k purchase). Between 2009 and 2015 I got turned onto FIRE and realized how much I probably missed out on by not investing. So the 2015 home didn't get paid off, I started really investing. Fast forward to Covid and I wimped out when I saw the balances dropping. During that summer I decided to pay off the mortgage (to have "no" liabilities - except real estate tax). That leads to the current budget you see above. Currently 4% of my $290k investments would be $11.6k annual spending - 77% of my current spending. Here are annual investment values as of August 1 each year- 2021: $290k, 2020: $170k, 2019: $130k, 2018: $100k, 2017: $60k, 2016: $20k + +**career:** I've worked for the same employer since graduation (2009), it's a public organization. Within the org if I sought higher pay I probably couldn't move much higher ($75k-$85k) but I enjoy my current role. It's technical and niche. If I went to a private company I could drastically increase my salary but have never really entertained that idea. Currently I get to problem solve and the results are fulfilling, tangible, and used by nearly everyone in the area. I assume going private would mean more stress/longer hours, more focus on company profit, a decrease in the amount of interesting work, and a decrease in the amount of impact I can have. The organization does offer a pension which I'll be eligible for at age 51 - it will be about half of my highest pay check. So for me the "FI" is more important than the "RE" although it would be cool to be able to leave prior to 51 if the mood struck - they say you're only one bad boss away from your enjoyable job becoming hell! I need to research more about "purchasing service" and see if our plan offers this. + +**suggestions:** I think one thing that makes FIRE "easy" for me is a lack of interest in "keeping up" - I don't really get tempted by advertisements for new cars / clothes / etc. While I certainly have interests and hobbies I do them for myself; impressing other people has never really mattered to me. The budget above may give the impression that I am very strict, but that's not the case. Those values are just averaged from the last few years of spending records (I love Personal Capital to track this - also cool to see progress) IMO if I were strict with myself on spending it would turn into a chore and be less sustainable. My choice to not have children has surely made it easier financially, but the decision wasn't driven by finances. I've had a few long-term S/O over the years- I suppose getting married would probably help finances a little. My current S/O and I are a good fit - finances are one of the things we communicate well about and we generally agree on avoiding excessive purchases. Of course we each have our own interests - I think it's important to be with someone who understands your loves and doesn't try to force you to change if you're not interested. Maybe my biggest mistake was the lack of early investing. It would be fascinating to know that my NW would be had I never paid an extra cent of principal. I guess growing up I was given the impression that the stock market was to be feared and huge sums of money could evaporate without returning for decades. As I graduated in 2009 it sort of makes sense that I heard those narratives in the news too...but man did it cost me! And in 2020 I suppose I did the same thing, paying off my current homes' mortgage when I could've invested those dollars. I'm sure the "do or don't pay off your mortgage" debate will never be settled, and in honesty I do enjoy not having a mortgage ... but I accept that mathematically I am wrong. On the bright side having this much NW in my home makes me feel like I can be more aggressive with equities vs bonds. As far as jobs, it does shock me how many people (especially in these communities) are willing to spend 40 (or more) hours per week doing something they hate. IMO the biggest message of FIRE is that "value your time, you have a finite amount of it", so I would never spend significant amounts of it in a place I hated. Alright I'm afraid this has turned into too much of a wall of text! I don't think there's anything necessarily special about me, but I'd be happy to give thoughts on anything you're curious about. +I'm not sure if this is right to post in Aus finance since it involves the UK, but I think since I'm asking from an Australian residents point of view it'd be appropriate. Would this effect taxes for me in a good or bad way? Would it be advantageous, disadvantageous or not change my life at all? (besides making a holiday there easier to organise one day?) + + +Before Brexit it would have been way more possibilities since it would have let me into the EU right but oh well haha. +There’s a lot of discussion to broker liquidation and how they can screw you out of paying when MOASS happens. I think the brokers won’t even let it get to that level. They will do everything possible to make sure they do not default. + +The argument for big brokers defaulting has always been they have trillions of dollars in assets. They cannot go broke. However if there is significant risk they can reverse trades on GME and return you your cost basis. Reversal of trades can happen. Just look at LME (yes I know different exchange but a close enough example). + +According to the rules NSCC should kick out brokers who have FTD’s but because Wall Street doesn’t care about naked shorting these rules aren’t enforced. However once there is significant risk and NSCC does start enforcing this brokers will seek out to protect themselves and reverse your trades and give you back your cost basis. They will just say “sorry the trade never settled. It was an error” and will fight it in courts for the next few years and decades. + +If you’re looking for a credible source on this below is a video where Dr. T discusses this at 5:00 mark: + +[Link](https://youtu.be/0n0OxABkOS8) + +You can ignore the beginning of the video where she discusses NFT’s since it’s not relevant to this post. + +If you think this is a post to scare you into DRS’ing it is not. I don’t care if you DRS or not. If you go through my comment history you’ll see I was one of the people that argued for big brokers and how they couldn’t fail. I have completely changed my mind after seeing Dr. T discuss this. I just hope that you get paid for your shares and don’t end up in a court battle for years. + +This is once in a lifetime investment opportunity. I will not trust a big broker or a bank with such an investment. Better to diversify than be sorry. You can come to your own conclusions and make your own independent decisions. + +Edit: Wow my phone blew up with notifications. Sorry if I couldn’t reply to everyone here. All I’ll say is that everything I mentioned in this post are things that CAN happen. Not things that will 100% happen cause we don’t know what will actually happen during MOASS. In such unprecedented event it’s better to have more ownership and more transparency over your shares than handing over this responsibility to your broker. Just like with everything else on Wall Street everything works fine until it doesn’t. + +Also I would like to say that how many times have we seen Wall Street and brokers use technicalities and rules to screw over retail? From back when we found out about trimming of votes in shareholder meeting to people getting strange cost basis on their DRS shares, everything has been done to make it harder for retail to win. + +If you really trust your broker with this then that’s great. I hope everything works and I hope the scenario I laid out does not play out in reality. But in case it does I wanna be prepared. I’m hoping for the best and preparing for the worst. + +Not financial advice! +Hi im a 20 year old college student. Recently i kinda hit a stump and even after financial aid i have a bill for $1799 and that forced me to get my first job. first of all this is going to be my last semester at this university as i plan to go to a community college since they offer a program im interested in (year up) and due to the current worldwide circumstances i believe this is my only window of opportunity to enroll into that program with courses being online. if all goes well i shouldn’t incur any debt from my time spent in the program/college. + +What i need advice on: + +anyways back to the topic i currently dont have a credit card and wanted to start building my credit score as now i have some sort of income. i remembered there was sign up bonuses and was looking at the chase freedom unlimited. currently they have a promotion of receiving $200 if you spend $500 within the first 3 months. i was thinking of applying for it and trying to charge the student bill onto that credit card to get that $200 and use that to further pay down the bill and utilize another sign up bonus from a credit card and repeat (havent chosen but havent had the time to look further yet). i am aware im a novice to credit cards and what credit cards are good for beginners starting to build credit/what cards would accept newcomers, but how feasible does this plan sound to all of you? to clarify this isnt student loans (have like 10k in those) but rather a student bill for this semester that i wasnt able to cover with financial aid that i believe i have to pay off by the end of the semester. + +i know this is kinda lengthy so sorry about that + +Edit: Im not charging the whole 1799 at once, I have until December 8th to pay it off. I plan to do payments or give or take 500 at a time. And when i make the charge on the credit card, I will already have enough to pay that off immediately. Im still not sure on what credit card and i might just end up sticking with one. Cards that can fit what im looking for and that i will qualify for as a newcomer, is still something i am looking into. and diploma/transcipt related things arent an isuse from this university for me, as i dont need those for what i plan to do elsewhere. + +Edit 2: after looking around i think i might try to apply for the chase freedom flex. +As the title suggests... I am in the worst mental state I have ever been in my life. The failure to generate profits, combined with the losses I have sustained, which amount to 7% of my account in 2 trading sessions are devastating. I've been trading for 2 years and tried so hard to become profitable. But my mind would always prevent me from succeeding because of my fear. I managed to get my losses back and go little above my initial investment and then on previous Wednesday everything got destroyed. I became way too emotional, traded AMD without a plan and lost so much. Then I traded yesterday for small profit and today I lost again...in AMD another 650 dollars. Had I kept my shares in both cases none of this would happen. I dont know what to do anymore, I just want to end it all, this game has made me suicidal to the point of no return. I thought I knew how to trade, I had an 80% win rate but I was always failing to keep my winners and now my losers have killed me. I dont know what to do anymore, I feel awful, and it has a terrible effect on my behavior as well in general towards my wife and kids. I have become an awful husband and parent constantly depressed and alienated/ agitated. +I used to take BE's word that Chang is just an incompetent academic who's essentially making a mockery of the economics discipline however, in two courses i'm taking this semester (one econ the other a sociology course) my professors reference him or require that we read something he wrote. My sociology professor referenced one of his books (Kicking Away The Ladder) and emphasised that he's a Cambridge professor with the implication being ...he's not just spewing bs and is respected. + +&#x200B; + +Why this drastic view of Chang's work? +[https://b-ok.cc/book/2367480/2e80c6](https://b-ok.cc/book/2367480/2e80c6) + +[https://www.sciencedirect.com/book/9780121588205/foundations-of-supply-side-economics](https://www.sciencedirect.com/book/9780121588205/foundations-of-supply-side-economics) + +As I am a not versed in econometrics and do not hold a degree +I read about Russia spending $20 billion a day in this war, but I wonder how does it work? where does the money come from? What are they paying for or what are they spending the money on exactly? isn’t this all stuff Russia already had? how does it look like for the average Russian? Thank you! +So I was following financial advice channels on YouTube and noticed these millionaires all had one thing in common; their wealth grew by luck. I won't name them but they either bought real estate when it was dirt cheap after the 2009 crash or made a YouTube channel that took off then invested those earnings for my more wealth. + +Yet their advice on building wealth wasn't what they did. Save a portion of your income, invest in stocks mutual funds, side hustles, frugality, etc. + +Not bad advice but don't think this is what they did to become millionaires before age 30. +I currently don't have any positions on the flavour of the month stocks (PLTR, NIO, XPEV, etc...), but the amount of money being made by these holdings are just insane. I've been trying to limit myself to only smart and sound investments and not to check my portfolio too much, meanwhile anyone could have chucked money at these stocks in the last two weeks and made a killing. It's just a little demoralizing. +This is a fantastic TED talk. The speaker provides a clear message - "financial stability is not a skill, it's a lifestyle" + +&#x200B; + +[https://www.youtube.com/watch?v=F89eycANUrQ](https://www.youtube.com/watch?v=F89eycANUrQ) +So the Popcorn stock was manipulated by 8 quadrillion (yes I am sure you have seen that, if not, seriosuly 8 fuking quadrillion) tokenized shares on FTX back by literally no real popcorn stock, giving hedges unlimited ammo to short; why wouldn't the same be done to GME at a greater amount? + +These are shares shitadel can use to short, as their books will just claim Oh look here are shares, we are going to borrow them for cheap and use to short. These popcorn tokenized shares were found in one of the FTX leaks, could the same be seen with GME also? + +If so, wouldn't this completely explain how they can short the stock seemingly infinite times over the last 2 years? +Shoutout to this subreddit that allows new investors kinda learn by just asking noob questions. Feels like some other reddits kinda just yell at you for not knowing stuff. +**Join the Telegram for 24/7 support:** [t.me/TacoCatCrew](https://t.me/TacoCatCrew) + +TacoCat is moving to make your wallet fat! Among the sea of coins popping up on the daily, TacoCat intends to bring us all a fun, quality project aiming to revolutionise the Binance Smart Chain! 🌮 🐱 + +In an AMA that just recently took place, the owner of TacoCat revealed that they have secured an absolutely insane advertising deal with a major sports league event, namely; **The NHL Stanley Cup Finals!** This is the first step that TacoCat will take to move into the mainstream and bridge the gap between crypto and the wider populous. The exposure which this event will bring will be crucial to building the brand that is TacoCat, and there are already plans and considerations for further events after this. TacoCat is a serious project! 🌮 🐱 + +During the past week TacoCat has had publications made in Yahoo Finance, Business Insider and many other portals. This legitimises TacoCat as a project and provides more mainstream appeal to investors who exist outside the Binance Smart Chain ecosystem. A full time media manager has just been brought on board, and she will be working at creating even more articles and solidifying all marketing efforts into a cohesive whole, to have a unified marketing strategy. TacoCat is taking the time to develop all of this slowly but steadily, and reliably. This is not a pump and dump coin, but rather a long term project being built to last for years! 🌮 🐱 + +TacoCat has developed its own swap on their website to make purchasing TacoCat as simple as possible, given the recent Pancake Swap issues. In addition to this, there are plans currently underway to get listed on an exchange asap to allow ease of access for current and new buyers. This is being actively worked on! 🌮 🐱 + +Another point on the map to look forward to is the Satoshi Street Bets AMA, which is also being worked on currently and should be right around the corner! This will also be a huge event which will be heavily promoted and celebrated, and will be a great opportunity for the community to come together and show off TacoCat to the SSB community! 🌮 🐱 + +There are many exciting things coming like influencers, extreme marketing campaigns and many more. Detailed information, roadmaps and calendars with news and events to look forward to in relation to TacoCat are being worked on right now and will be coming soon! Another thing worth to note is the $1,000 giveaway TacoCat is conducting on their Twitter! Make sure to check it out! 🌮 🐱 + +LINKS: + +💻 Website: [tacocat.life](https://tacocat.life) + +💰 Purchase TacoCat: [tacocat.life/buytacocat/](https://tacocat.life/buytacocat/) + +🐦 Twitter: [twitter.com/tacocatcrew](https://twitter.com/tacocatcrew) + +💭 Reddit: [reddit.com/r/tacocatcrew](https://reddit.com/r/tacocatcrew) + +📷 Instagram: [instagram.com/tacocatcrew](https://instagram.com/tacocatcrew) + +✅ Contract: 0xA8fcEe78B782eF97380326E90DF80D72f025f020 + +**Make sure to visit the TacoCat website to see all of the articles that TacoCat was mentioned in!** + +As always make sure to do your own research before investing. This post is not financial advice! 🌮 🐱 +I am an American looking at buying a French home to holiday let. Does anyone have any concrete information on mortgage rates to foreigners, renovation costs, planning permissions, etc? + + If you have already done it. What was your experience like? +I am an American looking at buying a French home to holiday let. Does anyone have any concrete information on mortgage rates to foreigners, renovation costs, planning permissions, etc? + + If you have already done it. What was your experience like? +# Health Insurance 101 +There appears to be a multitude of posts on /r/personalfinance about how individuals had unexpected bills because of a problem with their medical insurance or their medical practitioner. This post will cover the basics of health insurance, as is relevant for most consumers. + +**Remember**, like many other topics discussed in /r/personalfinance, your choices for healthcare are *personal*. The health insurance policy that's best for one individual may not be the best for someone else. + +Also, I am far from being an expert in healthcare and it is likely that I made a mistake in this long post. I apologize in advance for any mistakes and would appreciate them being corrected. + +# Contents + +* Health Insurance Vocabulary +* An Illustrative Example +* Negotiated Rates +* Fully-covered Services +* Types of Insurance Policies +* Comparing Insurance Policies +* Lowering the Cost of Healthcare +* Preparing for Medical Treatment +* Dental Insurance +* Afterword + +# Health Insurance Vocabulary +When looking at a health insurance policy, there are four numbers you really want to look at when you're comparing health insurance plans: The policy's **premium**, **deductible**, **co-insurance**, and **out-of-pocket maximum**. + +The *premium* is the cost of the insurance coverage. It can be billed weekly, monthly, or however often the insurance company/your employer decides. + +The *deductible* is the amount that you pay out-of-pocket for medical services each year before insurance starts paying anything. + +*Co-insurance* is the percentage of medical costs that **you** pay after meeting the deductible. + +A *co-pay* is a fixed amount that you pay for a service. You usually only pay co-pays for services not subject to the deductible. + +The *out-of-pocket maximum* is the maximum you pay for medical expenses in the calendar year. Once the out-of-pocket maximum has been met, the insurance company will pay 100% of medical costs for the remainder of the year. + +# An Illustrative Example +Bob pays $500/month has an insurance policy with the following characteristics: A $2,000 deductible, 20% co-insurance, and an out-of-pocket max of $5,000. + +In January, Bob got sick and had to visit the doctor. Because he hadn't yet met the deductible, Bob had to pay for $150 for the visit out of his own pocket. + +*Current Status*: + +*Deductible*: $150/$2,000 + +*Out-of-pocket Maximum*: $150/$5,000 + +&nbsp; + +In June, Bob had a heart attack and went to the emergency room. The bill for the hospitalization and the diagnostic exams came out to $2,850. From the bill of $2,850, Bob is required to pay $1,850 towards the deductible (he paid $150 for his earlier sick visit) and $200 (20% of the next $1,000) as co-insurance. Bob has now met his deductible and has paid $2,200 towards his out-of-pocket maximum. Bob's insurance company has paid $800 of Bob's medical expenses. + +*Current Status*: + +*Deductible*: $2,000/$2,000 + +*Out-of-pocket Maximum*: $2,200/$5,000 + +&nbsp; + + +In August, Bob needed emergency surgery and spent a week recovering in the hospital. The bill for the surgeon and hospital stay is roughly $30,000. Because Bob met his deductible, he is only required to pay the 20% co-insurance of $6,000. But Bob already paid $2,200 towards his out-of-pocket maximum of $5,000. So Bob only needs to pay $2,800 to meet his out-of-pocket maximum, and the insurance company pays the remaining $27,200. Bob is not having a good year. + +*Current Status*: + +*Deductible*: $2,000/$2,000 + +*Out-of-pocket Maximum*: $5,000/$5,000 + +&nbsp; + + +Disaster strikes again. In October, Bob breaks his leg and racks up another $10,000 in medical bills. Because Bob met his out-of-pocket maximum, he doesn't have to pay anything. Bob's health insurance pays the full $10,000. + +*Current Status*: + +*Deductible*: $2,000/$2,000 + +*Out-of-pocket Maximum*: $5,000/$5,000 + +&nbsp; + + +Over the course of the year, **Bob spent $6,000 for his health insurance and $5,000 on medical expenses for a total of $11,000. Bob's insurance company spent $38,000 ($800 + $27,200 + $10,000) on Bob's medical expenses**. Bob's wallet is hurting, but at least he has something left in it. + +Under the Affordable Care Act, medical insurance providers cannot put an annual or lifetime cap on how much they'll pay for expenses for *essential health benefits*. Essential health benefits include emergency services, hospitalization, maternity and newborn care, prescription drugs, and more. + +# Negotiated Rates + +In the above example, having health insurance was financially an excellent move for Bob. For $11,000, he avoided paying $43,000 worth of medical bills. But most people don't have medical bills that exceed their out-of-pocket maximum. For those individuals, health insurance provides a secondary benefit called "negotiated rates". + +When you visit a medical practitioner or hospital, they can bill any amount they want (although some are limited by local laws). For some practitioners, the insurance company negotiates how much they'll pay them for that service. For example, a doctor may charge $200 for a sick visit. But the insurance company negotiates that they'll only pay $75 for a sick visit. The $200 bill sent by the doctor to the insurance company is called the *pre-negotiated rate*. The $75 bill in this instance is called the *negotiated rate*. An insured patient at an in-network practice will not need to pay more than the negotiated rate. + +The medical practices that have a negotiated rate with your insurance company are considered to be *in-network*. The medical practitioners that did not agree to the discounted rates are considered to be *out-of-network*. An out-of-network medical provider can charge you the pre-negotiated rate. Taking the above example, the insurance company may only pay $75 for a $200 out-of-network sick visit, leaving the patient responsible for the $125 balance. + +Additionally, insurance companies also may have different deductibles, co-insurance, and out-of-pocket maximums for in-network vs out-of-network visits. For example, the deductible may be $3,000 for in-network visits and $4,000 for out-of-network visits. It is usually most efficient financially to only use in-network providers. + +# Fully-covered Services + +All ACA-compliant insurance policies fully cover well visits and preventative care at in-network providers. These include medical care like immunizations and checkups. That means that someone going for a regular check up does not have to pay anything for the visit, independent of whether or not the deductible was met. + +For example, Alice has a health insurance policy with a $1,000 deductible. Alice is healthy and wants to stay that way, so she schedules a flu shot at her doctor's office. Even though it's January and Alice hasn't paid anything towards her deductible, her insurance policy completely covers the flu shot and Alice does not have to pay any part of the cost. + +# Types of Insurance Policies +(From the wiki: https://www.reddit.com/r/personalfinance/wiki/health_insurance) + +* **HMO (Health Maintenance Organization)**: HMO insurance plans generally have cheaper premiums than the other types of plans. The drawback is that they are also usually the most restrictive when it comes to selecting health care providers. Most HMO insurance plans also require a referral from your primary care physician (PCP) to see a specialist. +* **EPO (Exclusive Provider Organization)**: EPO insurance plans, like HMO, usually will only cover non-emergency medical costs from providers that are in-network. Referrals are not usually required in order to see specialists. +* **POS (Point of Service)**: POS insurance plans will usually cover medical costs both in- and out-of-network, though you will typically pay less at in-network providers. Referrals from a primary care provider may be required to see specialists. +* **PPO (Preferred Provider Organization)**: PPO insurance plans, like POS, cover medical costs both in- and out-of-network, with cheaper costs when staying in-network. A referral is usually not required to see specialists. + +HMO and PPO plans are the most common. Most health insurance plans can be compared by looking at the participating (in-network) providers, whether a referral from your physician is needed to see a specialist, the deductible and/or co-pays, and the out-of-pocket maximum. + +Most of these options can be improved at the expense of increasing the premium. With all else being equal, a plan with a lower deductible will have a higher premium. Similarly, a plan with a lower out-of-pocket maximum or a larger provider network may also have a higher premium. + +# Comparing Insurance Policies + +When considering insurance policies, you’ll want to verify that your doctors are all in-network and that you’ll be able to easily visit an in-network practice in the event of an emergency. *If you can’t use your health insurance to lower your medical bills, it doesn’t make a difference how low the premium is*. + +When comparing healthcare policies, I’ve found it worth examining the minimum, expected, and maximum cost for each policy. The minimum cost would be for the premiums and any regular prescriptions and medical visits necessary. The maximum cost would be the sum of the premiums and out-of-pocket maximums. The expected cost would be the average amount you expect to spend on healthcare over a year, including the premiums and the cost of several sick visits. + +The expected cost of an insurance policy can be affected by many factors. The larger your family, the more sick visits you'll likely have during the year. The expected illnesses and complications for a 25-year old are very different than those of a 55-year old. Another factor to consider is that if a family member has a chronic condition, your calculation for the expected cost could be very different. Likewise if you (or your wife) is pregnant and has been having minor complications, you can expect that you'll have many more doctor's visits than normal, and you'll need to evaluate the chance of the baby spending time in the NICU. + +The expected cost of your health expenses is where health insurance becomes extremely personal. + + +# Lowering the Cost of Healthcare +Healthcare expenses can be quite high, with deductibles of several thousand dollars and out-of-pocket maximums over ten thousand dollars. Luckily, the IRS allows people to sometimes lower the actual cost of healthcare expenses by paying for them pre-tax. + +Some employers grant access to a *Healthcare Flexible Spending Account* (HCFSA, sometimes called FSA), where money is taken out of the employee’s paycheck pre-tax. Then, as the healthcare expenses are incurred, the employee submits the receipts to the HCFSA program, which then reimburses the expenses from the pre-tax allotment. Some HCFSA programs also supply a debit card which can be used to pay for eligible expenses. + +One of the biggest issues with HCFSAs is that the money allocated for them is “use-it or lose it”, meaning that only expenses incurred during the calendar year can be reimbursed from the HCFSAs. Any money left in HCFSA cannot be used in the following calendar year. While some companies allow carrying over up to $500, you’ll need to check your companies exact policy to determine what amount, if any, can be carried over to the following year. + +For example, Joe allocated $2,000 for his HCFSA. Over the course of the year, Joe incurred $1,000 of medical expenses. Joe’s company’s HCFSA does not allow carrying over any funds in his HCFSA, so Joe loses the remaining $1,000 in the HCFSA. + +Another option available is called a *Health Savings Account (HSA)*. If someone has an insurance policy classified as a *High-Deductible Health Plan (HDHP)*, they are allowed to open and fund an HSA. An HSA can be funded with pre-tax dollars, and unlike an FSA account, the balance is not forfeited at the end of the year. Any money left in the HSA at age 65 can be withdrawn without penalty, similar to a traditional 401(k). + +# Preparing for Medical Treatment +There are many stories of people being shocked with a bill for thousands of dollars. Below are the steps you can take to avoid owing (potentially) thousands of dollars. + +1. Choose an in-network practitioner. Verify that they’re in-network by calling your insurance company or checking your insurance company’s online directory. Many people have been told by a secretary that the practice is in-network and then learned otherwise. If you go out-of-network, you’ll likely have to pay the full charge for the service and will likely need to submit the bill to the insurance company yourself for reimbursement. +1. If a referral or preauthorization is needed, make sure the paperwork is squared away. You may receive an EOB for the upcoming procedures. If you don’t receive an EOB, call your insurance company to verify that all necessary paperwork went through. +1. After each visit, you should receive an explanation of benefits (EOB) with an itemized list of what the doctor billed for. If there is an unexpected or fraudulent item, contact the doctor’s office to clarify why that line is included on your bill. Health providers are required to provide an itemized bill. If the charge is fraudulent, contact your insurance company. +1. If you go to an out-of-network practice, keep a copy of the statement from the doctor’s office, in case you need to submit the claim to your insurance company yourself. Even if the secretary says they’ll submit the claim to your insurance for you, they may not - and you’ll be the one who has to foot the bill. +1. Once you determine how much is owed from a medical visit, submit the expense to your HCFSA for reimbursement. + +# Dental Insurance +Dental insurance operates similarly to health insurance, with similar plan types, provider networks, deductibles, and co-pays. However, dental insurance policies **can** have an annual or lifetime maximum for services, as they are not legally required to offer unlimited benefits. + +# Afterword + +Thanks for reading this massive wall of text (6 pages in the Google Doc I drafted it in). I hope you found it educational and understandable. If I omitted any important details, or worse, made a mistake, please let me and the other readers know! + +Many details of health insurance were left out of this writeup. Some intentionally, many unintentionally. Below is a list of omissions for anyone interested in learning more: + +* **Preventative Care**: Not all preventative care is fully covered by insurance. To quote /u/whynot19734: "Make sure that when you schedule an appointment for one of these services, you confirm that it is a covered preventive benefit, and if you get charged afterward, appeal it with your insurer." (Thanks to /u/whynot19734) + +* **Policy Years**: The examples above assumed the health insurance's "Policy year" is the calendar year (Jan-Dec). Some employers use other 12-month periods. For example, a school might use use July-June instead. (Thanks to /u/108241) + +* **Family vs Individual plans**: Many people get a single health insurance plan to cover their entire family. Family plans often have a larger collective deductible and out-of-pocket maximum, but may also have individual deductibles and out-of-pocket maximums. (Thanks to /u/GooDawg for pointing out this omission) + +* **Prescription drug tiers**: Most insurance companies will have different copays for different medications. A drug on a higher tier may cost you much more than a functionally-equivalent drug on a lower tier. Generics will usually be on the lowest tier. It may be worth bringing your insurer's drug tier list to the doctor to make sure your prescriptions are covered. Your doctor may also be able to prescribe an equivalent drug on a lower tier. (Thanks to /u/CodexAnima and /u/47Ronin) + +* **Healthcare Exchange**: Every state has a healthcare exchange where you can purchase a policy. You may be eligible for subsidies or tax credits if you purchase a plan through the exchange. + +* **COBRA**: If you lose your job, you can keep the policy you had through your employer, but you have to pay the full premium (including what your employer previously paid) and an administrative fee (often around 2%). + +* **Negotiating a cash discount**: You can sometimes get a better rate on a medical procedure if you offer to pay cash, immediately. If you have a high enough deductible that you're confident you won't hit, this can sometimes (Thanks to /u/slyedge) + +* **Requesting Charity Care**: Low-income patients may be able to request Charity Care: free or reduced-cost medical care. (Thanks to /u/ffxivthrowaway03) + +* **Fighting a medical bill**: There are many ways one can attempt to prevent large medical bills. You can try to get a discount by requesting charity care or negotiating a cash discount or no-interest payment plan. Someone can stay with the patient and keep records of what care and procedures were actually performed (there are plenty of stories of charges for procedures that never occurred). You can demand an itemized bill and possibly request procedure results to force the hospital to prove they were performed. If your insurer denies a claim, investigate why. It may be possible to obtain documentation proving that a procedure was medically necessary. Certain states (like NY) also have laws on how much out-of-network doctors and specialists can bill patients at an in-network facility. (Thanks to /u/brp) + +* **Planning an emergency fund**: In the event of an expensive medical emergency, you'll likely need to pay your deductible. You may also not be able to work. If possible, it's worth increasing your emergency fund to cover a significant portion (or all) of your deductible so a single medical emergency isn't guaranteed to force you into debt. + +* **Dental insurance limitations**: Dental insurance providers may not cover some procedures they deem cosmetic. Dental insurance plans may also require coverage for a duration (could even be a year) before providing benefits for major work like root canals or crowns. (Thanks /u/KingOfTheBongos87) + +* **Fee for not having health insurance**: Anyone not covered by health insurance for more than two complete 2 months during a calendar year has to pay a fine. The fine for 2015 is 2% of the household income (up to a max of the average national Bronze plan) or $325 per adult and $162.50 per child under 18 (up to a max of $975), whichever is larger. The fine for 2016 is 2.5% of the household income (up to a max of the average national Bronze plan) or $695 per adult and $347.50 per child under 18 (up to a max of $2,085), whichever is larger. + + +Edit 1: Corrected math on annual premium, added section title for "Comparing Insurance Policies" + +Edit 2: Expanded "Comparing Insurance Policies" + +Edit 3: Added spacing in the example to make it more readable. + +Edit 4 (2/5/2016): Added list of omissions +This new sub could be used to pitch ideas on making the world a better place. For instance, if 100k people donated $100k, we'd have 10 billion dollars all In donations. We could use that money to literally change the world. + +I'm sure you've all heard how the top 400 richest people could solve most of the world's problems with their money and still be filthy stinkin rich.. so why don't we do what they never did? + +Just spitballin' here. I'm not very smart. + +Can't think of a good name for the sub but im open to any ideas. + +Edit: how about "The Banana Fund"? Suggested by u/degenerateduckling. +About a year ago I [posted](https://www.reddit.com/r/personalfinance/comments/5x40uw/23_first_real_job_out_of_college_need_help/) asking about how to finalize my financial plan. I received a lot of interesting feedback, but the [one](https://www.reddit.com/r/personalfinance/comments/5x40uw/23_first_real_job_out_of_college_need_help/def1xqv/) that stuck in my mind was from /u/mormengil + +> Right now, your energy and creativity would pay off a lot more if it was focused on building your career and your income, rather than optimising your investments. + +I took this to heart and spent the last year pouring myself into work. I found myself in one situation after another that gave me opportunities to perform and show my worth. In January I got put on a huge project that gave me responsibilities way above my pay grade. + +I've been constantly the youngest and least experienced person in the room for meetings on this project. With this advice rattling in my head, I leaned on my peers and used the opportunity to grow and learn as a scientist - both personally and for my company. A year ago I was relatively new, constantly asking questions. Now I'm seen as a resource around the office - a co-worker forwarded me a question about something I wasn't working on because "you know everything." + +The other day this all paid off: I got a promotion and a 16% raise. + +Thinking about this as an investment, this is about in line with what $SPY has done in this time period. But that's not the true benefit. I'm one rung higher on the ladder and, more importantly, I've gained invaluable knowledge, respect, and connections that will continue to serve me positively as I move forward in my career. + +IRAs and 401ks are obviously important, but don't forget your most important asset: yourself. Invest there, and it'll pay off. +I’ll give one: my partner & I both use woolworths mobile plans which also provides 10% off a shop per month. We can rotate allowing us to save about $40 per month on our groceries. +Over the last 10 years, we have all experienced a rather steady climb of the market. There are many (myself included) who's biggest anxiety has been a two month stretch of the market trading sideways. So what happens if/when there is another 2008 like event? Do people jump ship and lose faith in the whole FI idea? I know it is easy to point to a spreadsheet and a SFR and use all the data, but I think it would be easier said than done if your networth is shedding tens of thousands of dollars a month and maybe a few hundred thousand in a year. + +Those who have been through a crash with significant amounts invested - what was it like for you? Did you change your strategy or were you able to weather the storm? +I’m turning 30 in less than 2 months, and my life has fell apart in less than a year. i’m like 70k in debt including student loans. I’m about to ge forced to pay them back since i haven’t been on school a year. + +it started with me taking a leave of absence after i had some crazy things happen to me, now i make around 40k a year but i owe 20k in credit cards , still owe 18k on my car and 18k in loans. + +i’m overwhelmed and don’t know where to start. i gave up my apartment and now things are worse . my minimums were almost 1k a month for the credit cards alone. i do not own any property or anything i just messed up and don’t know what to do cause i’m drowning in debt & living with family to save money but would eventually like to get my own place but can’t even afford an apartment with a roommate right now. + +im tempted to do one of those debt payoff companies (national debt relief) has called me quite a few times. +I've contemplated this several months now about building my own robo-advisor, esp. after frustration over SIP. I am also using paid service (Wealthfront and Betterment) in parallel, so know how these systems work pretty well, + +With the fee (or gotcha for 'free) these services pose, I am seriously thinking of building my own robo-advisor using API enabled brokerage (currently thinking of TD or TradeStation). The rest of the features I'll just rely on the brokerage itself (e.g. for tax forms, occasional manual adjustments if needed) + +Anyone into doing this, or have already seen something out there (that I may contribute to). + +Also open to collaborations (I'm fairly good at Typescript / Javascript and can pick up Python quickly if needed). +Somehow, I am just the worst investor ever lol + +Some of what I'm invested in is SCHB, MMM, AAPL, RUM, XLG, SPWR, PLUG, ME, and some others. + +a couple months ago I was at a -53% return on all of my investments, which is kind of hilarious to me. I love watching videos about longterm trading that say things like "If you invest $500/month for the next 40 years, you'll hit $1mil! Assuming you're making at least +20% each year". + +In my mind, that's a HUGE assumption. + +Anyway, I'm still putting in money, and I've been focusing on the safer bets lately. Slowly inching lower and lower, but it's going to be a LONG crawl out of the hole I'm in. + +Anyone else as terrible of an investor as I am? +We knew we were up against giants but after spending an hour researching BSG, I now have a much better perspective of just how big Papa Cohen’s balls are. BCG has its hands in everything from rolling out that preventive “medication” to fight COVID, collaborating with the World Economic Forum to “Tackle Cyber Threats”, creating presidential transition procedures, “assisting” in crafting legislation for governments and I almost forgot, saving dying brick and mortars. + +What’s considered “overpriced” you might ask? Here’s a little snippet about the fees charged to restart New York’s DMV online testing program… + +The DMV declined to specify how much **Boston** **Consulting** **Group** is being paid by the state for its work with the agency, but the person briefed on the matter said staff have been told the sum is around $200,000 per day. The firm's contract with the state, which began in September 2019 and extends through August 2024, is for $134 million. + +Sauce: [https://www.timesunion.com/state/article/DMV-online-testing-was-restarted-despite-cheating-16695087.php](https://www.timesunion.com/state/article/DMV-online-testing-was-restarted-despite-cheating-16695087.php) + +EDIT: Spelling +*Edit 1: Coincidence or not, CNBC wants us to sell our shares in 2 weeks, a few days before rebalancing day:* [*If you’re thinking of riding the next meme stock mania, be sure to sell in about 2 weeks*](https://www.cnbc.com/2021/06/09/if-youre-thinking-of-riding-the-next-meme-stock-mania-be-sure-to-sell-in-about-2-weeks.html) + +*~~Edit 2: As far as I remember, a T+21 cycle finishes on June 24th right? Can somebody help me there?~~* + +*Edit 3: Added information* + +*Edit 4:* *T+21 falls on June 24. T+35 falls on June 28. Thanks to* r/Throcked + +**EDIT 5: I just learned that you can not change the title.** **~~and T+21 and T+35~~** + +***Edit 6: This is my first time I put so much time in a post for this community. One thing I learned from this one is that I should only write about things that I can source, not things that I merely remember.*** ***I am very sorry for the confusion!*** + +*Edit 7: Added Information on stocks being added to the Russell 1000* + +*Edit 8:* [*720B reverse repo might be due at the same time*](https://www.reddit.com/r/Superstonk/comments/nxtguc/bottom_of_page_4_seems_to_say_theres_720b_worth/)*, it's all adding up to the same date. See Edit 1. What is going to happen?* + +***.*** + +. + +. + +*We have seen a lot of posts about the highly possible migration of GameStop into the Russell 1000 Index.* + +*I did my small DD and I wanted to share a bit of information with you. Please don't expect too much from this post, it's my first DD if you can call it that; maybe rather a compilation of free information I found on the internet. Please tell me if I make mistakes or if I should add something!* + +# Introduction: What is the Russell 1000? + +The term Russell 1000 Index refers to a stock market index that is used as a benchmark by investors. It is a subset of the larger Russell 3000 Index and represents the 1000 top companies **by market capitalization** in the United States. The Russell 1000 is owned and operated by FTSE Russell Group, which is based in the United Kingdom. The Russell 1000 is considered a bellwether index for large-cap investing. [\[1\]](https://www.investopedia.com/terms/r/russell_1000index.asp) + +FTSE Russell provides float-adjusted, market capitalization–weighted indexes for a precise picture of the market. Today, $9.1 trillion in assets are benchmarked to the Russell US indexes. [\[2\]](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf) + +# What does this have to do with GameStop? + +*You may have heard: your favorite company GameStop will probably be moved into the Russell 1000. As of now, GameStop is in the Russell 2000 Index* [\[3\]](https://content.ftserussell.com/sites/default/files/ru2000_membershiplist_20200629.pdf)*.* + +An existing Russell 2000 index member would have had to have a total market cap exceeding **$7.3 billion** in order to move into the Russell 1000 index, she said. + +Going by that, \[...\] **GameStop and its $11.97 billion market cap would make it.** [\[4\]](https://finance.yahoo.com/news/tell-whether-amc-gamestop-russell-120012129.html) + +*As this PDF* [\[5\]](https://content.ftserussell.com/sites/default/files/russell_microcap_deletions_-_2021.pdf) *shows, GameStop will be preliminary deleted from the Russell Microcap Index* [\[6\]](https://www.investopedia.com/terms/r/russell-microcap-index.asp). + +# 2021 Index Reconstitution + +Each year in May and June, the Russell Indexes release an updated list [\[7\]](https://www.ftserussell.com/resources/russell-reconstitution) of the constituents for their various indexes, notably the Russell 2000 and Russell 1000. Many exchange-traded funds and mutual funds are constructed to track these indexes, so official index rebalances force these funds to transact large volumes of stocks that move in or out of the index. **This drives major changes in demand for stocks, generating significant volatility**. [\[8\]](https://www.investopedia.com/articles/stock-analysis/062516/russell-rebalance-study-what-you-need-know.asp) \[...\] + +*Check* [this](https://www.ftserussell.com/research-insights/russell-reconstitution/reconstitution-frequently-asked-questions) *page for frequently asked questions about the reconstruction.* + +&#x200B; + +[2021 Reconstitution calendar for the Russell US Indexes \[7\]](https://preview.redd.it/dwvv41zzhn471.jpg?width=943&format=pjpg&auto=webp&s=59d53dc221aa6deb5808f69f671b531c99d84707) + +*Today, June 11th, the mentioned preliminary lists was updated.* + +# What happens with stocks when they get added to indices? + +***Zoom Video Communications, Inc. (ZM):*** **How Zoom zoomed into the Russell 1000** [\[9\]](https://www.ftserussell.com/blogs/how-zoom-zoomed-russell-1000)\[...\] After its IPO in April 2019, Zoom was evaluated for inclusion in Russell US Indexes during our June 2019 annual Russell reconstitution. The company met some Russell 1000 eligibility requirements—including a market cap in excess of $20 billion— but fell short of the minimum voting rights hurdle. \[...\] + +When Zoom eligibility was revisited in June 2020, it was a changed world in many respects—and very much a changed Zoom. The company’s market cap had more than **doubled to $46.8 billion, placing it well into Russell 1000 Index eligibility**. \[...\] + +**Zoom’s June 2020 addition to the Russell 1000 meant that it leapfrogged the Russell 2000**, bypassing the initial step of many companies that later grow to become eligible for the Russell 1000. \[...\] And since its inclusion in the Russell 1000, Zoom’s growth trajectory has continued. As shown below, as of September 30, 2020, **the company’s market cap has reached $132.5 billion** and is now larger than the broader Russell 1000 dollar-weighted median market cap. + +https://preview.redd.it/ir0jmjofzs471.png?width=619&format=png&auto=webp&s=bfaa044b083da8503cd0594292397c465617ede2 + +[ZM prices before and after Reconstruction Day 07\/29\/20](https://preview.redd.it/xtt848ej0t471.jpg?width=1920&format=pjpg&auto=webp&s=0e44c91c7546310c2b86f6e4c418f596607b1dff) + +[u\/onlyhereforthelmaos research on companies that moved from R2k to R1k \[10,11\]](https://preview.redd.it/706rlrcykp471.jpg?width=855&format=pjpg&auto=webp&s=05b120a9d84af12b1cadc38c68802ad47b23c104) + +[TSLA price when it was added to S&P 500 12\/21\/20](https://preview.redd.it/i5kkcl2v8o471.jpg?width=1920&format=pjpg&auto=webp&s=b2de67bab2cba3ecd798bce50c27e2832b42a1ec) + +. + +*(May 2020)* Tech stocks are expected to claim a greater presence in large-cap growth and value indexes, while industrials will shift to value from growth across market caps. \[...\] + +**For investors, the run-up to the rebalancing presents an opportunity to get ahead of some of the fund flows into and out of stocks that are joining or leaving the indexes.** + +[Buying and selling pressure of companies added\/ leaving the Index](https://preview.redd.it/lvyz7qob2t471.jpg?width=633&format=pjpg&auto=webp&s=a873a825572c753196ba14447a18b9c5fe03deee) + +Private-equity firm KKR (ticker: KKR), for example, has cited Russell index inclusion in 2020 as a strategic priority. **If added to the Russell 1000, KKR shares could see $644 million worth of buying pressure from exchange-traded funds and passive investors, equal to almost seven trading days of average volume for the stock**, estimates Jefferies equity strategist Steven DeSanctis. + +That is a lot of extra demand, but nowhere near what some thinly traded small-caps entering the Russell 2000 could see. DeSanctis points to ATCX, SWKH, and AUBN as among the shares that could have **hundreds of times greater buying pressure than their average daily volumes.** + +Traders and hedge funds approach the rebalancing several months before with multiple strategies. The simplest is to buy the stocks that could get a boost from buying by ETFs and other passive investors, thanks to being reclassified into a more-popular index or having their relative weight increase. **Ditto for shorting shares moving in the opposite direction**. [\[12\]](https://www.barrons.com/articles/how-investors-can-play-the-rebalancing-of-the-russell-indexes-51590158778) + +. + +*Nobody fully knows what will happen with GME. But as* u/dlauer *states* [here](https://www.reddit.com/r/Superstonk/comments/nvnslz/have_we_downplayed_the_importance_of_gme_entering/h15susc/?context=3)*, "the announcement is usually bullish because it adds buying pressure."* + +[u\/dlauer on Russell Rebalance Day](https://preview.redd.it/l7hu03ruin471.jpg?width=712&format=pjpg&auto=webp&s=3f3957884f89ee1679388ad9bfbb05d82792e08a) + +The annual reconstitution is one of the most significant drivers of short-term shifts in supply and demand for US equities, often leading to sizable price movements and volatility in individual company names or industry sectors. **The final day of the reconstitution is typically one of the highest trading-volume days of the year in US equity markets.** + +\[...\] Similarly, it can create opportunities for investors seeking to benefit from the price moves which may be created from the reconstitution. + +**Countless ETFs, mutual funds, and managed asset programs mirror the composition of the Russell US Indexes in their investment funds, structured products, and index-based derivatives. With close to 70% of actively-managed institutional US equity assets currently benchmarked to a Russell Index, changes to index composition are apt to reverberate widely across the market.** [\[13\]](https://www.cmegroup.com/education/articles-and-reports/the-russell-2000-index-reconstitution-2020.html) + +Index funds make up a substantial percentage of the daily trading in the stock market. The S&P 500 ETF \[...\] trade billions of dollars each day, **and every time any of the indices add or delete a stock, the funds must also buy or sell the stock. This can create some large moves for the stocks involved and can be an interesting source of volatility for traders.** + +At the close on June 25, 2021, the Russell indices will be rebalanced. \[...\] Thousands of stocks are impacted by what Russell calls its 'reconstitution.' **Typically the day on which the reconstitution is down is one of the highest volume days of the year as a slew of huge blocks are transferred to various index funds.** [\[14\]](https://realmoney.thestreet.com/investing/trading-the-russell-indices-rebalancing-15677149) + +. + +[Here](https://www.etfchannel.com/type/most-shorted-etfs/) *you can see the most heavily shorted ETFs. 0.44% of IWM is GME; it's #6 with 43.48% Short Interest.* [*\[15\]*](https://www.etfchannel.com/type/most-shorted-etfs/)  + +*As far as I understand, FTSE Russell shared on May 7th already that GME would move into the Russell 1000, but eversince then, we have seen posts of shorties heavily shorting some ETFs, yesterday and today.* + +. + +*Shoutout to* u/gooseears: + +I think people are confusing what can force someone to cover their shorts. No one can directly make anyone cover their shorts directly. As long as they have their margin requirements covered, they can keep those positions open. In fact, the lenders want those positions open as long as possible to make dat interest off it. + +BUT, when the ETFs rebalance and there is a load of volatility, this **COULD** cause GME to skyrocket in price due to the potential buying pressure, which **COULD** lead to margin calls which **COULD** lead to force liquidations to cover open short positions. + +Notice the word "could" each time. This is a series of possible events that could lead to the squeeze. But don't think this is a certain date. As always, no dates. Anything could happen on that day. [\[16\]](https://www.reddit.com/r/Superstonk/comments/nx3abo/udlauer_knows_twothree_things_more_listen_to_what/h1cldzw/?context=3) + +&#x200B; + +***TL;DR:*** + +***GME is very likely to move from the Russell 2000 to the Russell 1000 Index. Rebalancing is happening right now,*** ***the newly reconstituted indexes take effect after the market close on June 25, data will be published on Monday, June 28 when the Russell Reconstitution takes effect and the newly reconstituted indexes begin to operate.*** + +***One can not say what will happen with the GME price. Typically, index rebalancing day one of the highest volume days of the year.*** **W*****hat we do know is that someone big is going to have to buy shares, and they will likely have some impact on the trading.*** + +***~~Fun fact: As you have read in the title, T+21 and T+35 both land on the same day, two days before the Russell indices rebalance.~~*** + +. + +. + +. + +[\[1\] https://www.investopedia.com/terms/r/russell\_1000index.asp](https://www.investopedia.com/terms/r/russell_1000index.asp) + +[\[2\] https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf) + +[\[3\] https://content.ftserussell.com/sites/default/files/ru2000\_membershiplist\_20200629.pdf](https://content.ftserussell.com/sites/default/files/ru2000_membershiplist_20200629.pdf) + +[\[4\] https://finance.yahoo.com/news/tell-whether-amc-gamestop-russell-120012129.html](https://finance.yahoo.com/news/tell-whether-amc-gamestop-russell-120012129.html) + +[\[5\] https://content.ftserussell.com/sites/default/files/russell\_microcap\_deletions\_-\_2021.pdf](https://content.ftserussell.com/sites/default/files/russell_microcap_deletions_-_2021.pdf) + +[\[6\] https://www.investopedia.com/terms/r/russell-microcap-index.asp](https://www.investopedia.com/terms/r/russell-microcap-index.asp) + +[\[7\] https://www.ftserussell.com/resources/russell-reconstitution](https://www.ftserussell.com/resources/russell-reconstitution) + +[\[8\] https://www.investopedia.com/articles/stock-analysis/062516/russell-rebalance-study-what-you-need-know.asp](https://www.investopedia.com/articles/stock-analysis/062516/russell-rebalance-study-what-you-need-know.asp) + +[\[9\] https://www.ftserussell.com/blogs/how-zoom-zoomed-russell-1000](https://www.ftserussell.com/blogs/how-zoom-zoomed-russell-1000) + +[\[10\] ‘Gen Z’ comes to Russell 1000 Index as Russell Rebalance nears (2019)](https://www.ftserussell.com/blogs/gen-z-comes-russell-1000-index-russell-rebalance-nears) + +[\[11\] Stocks in the Russell 1000 Index](https://stockmarketmba.com/stocksintherussell1000.php) + +[\[12\] ](https://www.barrons.com/articles/how-investors-can-play-the-rebalancing-of-the-russell-indexes-51590158778)[https://www.barrons.com/articles/how-investors-can-play-the-rebalancing-of-the-russell-indexes-51590158778](https://www.barrons.com/articles/how-investors-can-play-the-rebalancing-of-the-russell-indexes-51590158778) + +[\[13\] https://www.cmegroup.com/education/articles-and-reports/the-russell-2000-index-reconstitution-2020.html](https://www.cmegroup.com/education/articles-and-reports/the-russell-2000-index-reconstitution-2020.html) + +[\[14\] https://realmoney.thestreet.com/investing/trading-the-russell-indices-rebalancing-15677149](https://realmoney.thestreet.com/investing/trading-the-russell-indices-rebalancing-15677149) + +[\[15\] https://www.etfchannel.com/type/most-shorted-etfs/](https://www.etfchannel.com/type/most-shorted-etfs/) + +[\[16\] https://www.reddit.com/r/Superstonk/comments/nx3abo/udlauer\_knows\_twothree\_things\_more\_listen\_to\_what/h1cldzw/?context=3](https://www.reddit.com/r/Superstonk/comments/nx3abo/udlauer_knows_twothree_things_more_listen_to_what/h1cldzw/?context=3) + +. + +. + +. + +*HERE ARE SOME GREAT FOLLOW UP LINKS:* + +[No matter what the price is, Gamestop should be upgraded to the Russell 1000 index on June 28th](https://www.reddit.com/r/Superstonk/comments/nwvyfg/no_matter_what_the_price_is_gamestop_should_be/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[FTSE Russell begins 33rd annual Russell US Indexes Reconstitution](https://www.ftserussell.com/press/ftse-russell-begins-33rd-annual-russell-us-indexes-reconstitution) + +[Russell 1000: Many poorly researched or purely speculative DD today about this. Here is the actual DATA and explanation of what impact the reconstitution is likely to have.](https://www.reddit.com/r/Superstonk/comments/nu91kx/russell_1000_many_poorly_researched_or_purely/) + +[S&P 500 index inclusion (follow-up to my Russell 1000 DD yesterday): A potential CATALYST that is surprisingly \*very\* close...and which SHFs are powerless to prevent!](https://www.reddit.com/r/Superstonk/comments/nv3n42/sp_500_index_inclusion_followup_to_my_russell/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Ape Andy shares about GME into Russel 1000 from Russell 2000](https://www.youtube.com/watch?v=SCxZpkfW-P8) + +\- *He explains that end of June when there is a rebalancing that all shorted Russel 200 ETFs containing GME need to be closed, meaning there will be buying pressure. Andy also mentions that the Russel 2000 ETFs are shorted 500%.* + +*.* + +. + +. + +*and... just putting this here:* [*https://www.gmefloor.com/*](https://www.gmefloor.com/) + +. + +. + +. + +*^(I am not a financial advisor. I am just compiling some information I found on the internet. But please let me give you one advice: Buckle the f\*ck up.)* + +*^(I love you.)* +I feel like I’m missing something so this is probably a dumb question. + +I can sell stock and access cash within three business days. Are emergency funds only for people who have all their savings tied up in retirement funds? (Or people who don’t have savings) + +I’ve never had an emergency fund but emergencies have happened and I’ve been fine using my credit card for daily expenses and selling shares to pay my mortgage. + +Edit: Awesome discussion y’all! I feel so much more knowledgeable on this topic that I’ve been curious about for a while. Thanks! +Hey theta-fam. I'm getting some real bad vibes on something about the GME squeeze and wanted to share some thoughts. + +Let me preface by saying I'm not a professional or even a subject matter expert, this isn't investment advice. Only a fool would do what I'm doing. I actually hope I'm wrong, maybe someone with more market experience could weigh in? Last disclaimer: I am long VIX calls and will buy more at open tomorrow. + +I think we may be about to see a market flash-crash related to the recent Gamestop (GME) craze. I think by now everyone is more than familiar with whats going on with Gamestop, so I'm not really going to go into that in depth. Here are some background resources from our misguided but hilarious brethren: + +[https://www.reddit.com/r/wallstreetbets/comments/kvjbuk/gamestop\_melvin\_capital\_put\_positions/](https://www.reddit.com/r/wallstreetbets/comments/kvjbuk/gamestop_melvin_capital_put_positions/) + +[https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme\_i\_think\_this\_is\_a\_gamma\_squeeze\_where\_dealers/](https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme_i_think_this_is_a_gamma_squeeze_where_dealers/) + +And finally, [https://www.reddit.com/r/wallstreetbets/comments/l5jwnj/melvin\_is\_down\_another\_25\_on\_gme/](https://www.reddit.com/r/wallstreetbets/comments/l5jwnj/melvin_is_down_another_25_on_gme/) + +Check out that "Edit" about the estimate for what price would cause a total wipeout of Melvin. Probably wrong, but gets the wheels turning. + +So right now, the deal is basically Gamestop is in this super weird situation with basically every share being sold short, tons of people buying shares as well as calls, which market-makers will hedge themselves on by buying shares, and blah blah it's going up like a rocket. Why am I thinking this means a market crash could happen? Well, take a look at this: + +[https://twitter.com/spotgamma/status/1353825584758067200?ref\_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet](https://twitter.com/spotgamma/status/1353825584758067200?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet) + +That chart is an overlay of GME price in blue, and SPX in orange. Notice when we had that massive squeeze late morning, the SPX dropped like 1%, nearly instantly. So what, market goes up market goes down? I'm not convinced. I think this was Melvin Capital liquidating holdings in order to cover their MASSIVE losses on GME. Citadel and Point72 just humped $2.75 Billion of save-me-jesus money into Melvin Capital. [https://www.bloomberg.com/news/articles/2021-01-25/citadel-point72-to-invest-275-billion-in-melvin-capital](https://www.bloomberg.com/news/articles/2021-01-25/citadel-point72-to-invest-275-billion-in-melvin-capital) + +Here's the thing, those two funds now own a reasonably serious chunk of Melvin Capital. They're linked now, to some extent. I don't think this stops with them either. I think the whole circle-jerk of big money is either short GME or long someone who is short GME, or long some complex basket of bs products that is long something that is short GME. Etc. + +So where do we sit now? I think GME could go to goddamn $1,000 by the end of the week. It could then drop to $20, or $5, or $500, who knows. I don't think it matters. What I think will happen is this: + +1. GME moons again tomorrow and the next day and Friday. It's up over $200 in after hours trading already dear lord almighty. +2. Shorts get barbecued. Haha funny right? NO +3. The shorts that got barbecued, they have to cover their losses and/or get margin called and liquidate \*everything\*. It doesn't matter if they're right to short GME or not, that thing goes up too high and they're screwed. By the way, I'm not even convinced they can get shares to cover their shorts right now. But that's a whole other can of worms inside this barrel of monkeys. +4. Funds liquidating their shorts tank the market a little, or a lot, and other funds that aren't short switch the algo from buy to sell. +5. Futures limit down. Fire sale. +6. VIX go up + +&#x200B; + +Someone chime in if you can tell me why I'm wrong here please! I don't ever post DD, let alone macro/meta DD like this. So anyway, I'm buying VIX calls tomorrow. $80 strike expiring in February, March, maybe some $50 strike expiring next week. + +&#x200B; + +Thanks for coming to my ted talk. +Based on threads I've participated in there seems to be a good mixture of people here who invest across a variety of asset classes. To that end, I'd like to start a discussion on (a) what you invest in and (b) why you have chosen to invest in that asset class, and (c) where perhaps you're looking to end up over time. Could be a good place to launch into deeper discussions. + +As a start: + +* Started investing with an owner-occupied triplex purchased with an FHA loan close to 15 years ago. +* Since then have bought (mostly) and sold (a few) properties, all duplex and larger, with a focus in the past 5 years on 10+ unit apartment buildings +* We only invest in MFH primarily for efficiency reasons, both in use of capital and operating efficiency + * It's easier to deploy capital in larger properties/projects than it is in multiple SFH deals. If I'm looking to put $100k to work (as an example let's assume 80% LTV across the board) I can spend my time finding a deal and sourcing financing for a single $500k MFH property or 5 x $100k SFH properties. + * Operationally, more density is easier for us (well, our property managers) to manage. Smaller envelope (1 roof), larger/more expensive but fewer mechanical systems (eg; 1 larger boiler vs. lots of smaller units spread across town), etc. +* We have a focus on identifying light value-add/mismanaged Class C buildings for the most part. We get in, put in place a focused capital plan to do quality unit rehabs on turns, spend a bit above average on keeping maintenance up to date (eg; replacing something outright when a cheap fix may buy another year), and providing quality property management. This all pays for itself over the longer with higher quality tenants, waiting lists for our properties, lower than average unit turnover and reduced turnover time, etc. +* The focus recently on larger buildings is driven by the fact that values are, for the most part, objectively driven by cap rate. Even in 2-4 unit properties valuations are still determined by comps and traditional appraisals. In larger MFH (really all commercial) cap rates drive the discussion. + * As an example, I know that in a market where MFH consistently trades at 7 cap, if I'm able to either increase rent by $50/mo for a unit, or reduce operating expenses by $50/mo, I've added around $8500 in value to the building. + * On a larger scale, I'm working on a 26-unit building acquisition at the moment. I know going into it that each of the units, while occupied and in service, needs a decent surface level rehab to maximize rents. That'll cost around $7500/unit and take \~5 years at current tenant turnover rates, so that's $195k in capital improvements over time. Current rent roll is about $19k/mo, with an estimated (current) market rate rent roll of $22k/mo. Not factoring in rent growth over time, and assuming all else is equal, this is a place where a capital expense of $195k should net us a $425k increase in property value - $3k/mo in extra rent in a 8.5% cap market. Of course, in reality renovations likely will drive down operating expenses as well with less "stuff" breaking over time, resulting in even higher NOI's (and higher valuations). + * *EDIT: for those that want to nitpick my figures here, I'm happy to share (or perhaps go into it in another post) a full pro-forma we've put together.* +So me and my wife will be paying our house off soon and looking to rent it out and buy a home with about 2 acres of land (which is easy to do in our area). We are thinking about building 4 tiny homes and making them look really nice and possibly turning them into air bnbs plus short term rentals for medical students, we live in a huge medical district and my wife is a nurse and has access to resources to advertise to med students. We also have the advantage of having a major golf tournament that comes around once a year where literally every hotel and air bnb is booked. + My question is, does this sound like a good idea, and what are some issues or concerns I'm not thinking about? I'm a residential home builder, so i have a good idea on what each tiny home would cost and how to build them. Any advice would be greatly appreciated + +Edit: first off thanks for the responses I've received. So to add a little more info, the tiny homes would actually be a 20 x 20ft 2 story tiny homes ( living room and kitchen downstairs, bed and bath upstairs), they would have all the amenities a regular home would. The area i live isn't necessarily a vacation spot, but people come here all the time for business. So my thinking is if the air bnb side is going slow, i can do short term rentals with the influx of medical personnel that are constantly coming through, and with the numbers ive run i could be booked only half the year and still turn a decent profit. Are there any people who are currently doing air bnb that have advice? +Hello, +I am 28 years old and make about 50k a year salary. I have about 10k in savings account, and some retirement funds. I'm interested in purchasing a small home in my city that is very decent, and I could see myself living there for 5-10years + +I have no debt really. Just a small credit card balance and small student loan. + +The house is 80,000. I can't put 20% down, but Bank of America gave me a pre-approval for 3% down on a conventional loan @30yr fixed rate with NO PMI. Estimated mortgage would be roughly 550 with taxes, insurance etc. this is quite affordable for me. + +Does this sound like a reasonably good deal?? I know it's always good to put 20% down, but considering the low purchase price and no PMI, is this a bad deal?? +My $NVDA position is up 50% should I sell? I've only had it for a few months. I don't consider myself a trader, but I'm not sure if I'm making a mistake holding onto it for long term. I know NVDA GPUs are popular for gaming and mining and other things, but should I hold or no? +I'm in the US and not sure at all what to do with my savings. I come from a family of immigrants who loved buying gold and hoarding cash like dragons. They have a general mistrust of banks and government because they've had plenty (read: all) of their assets seized before moving here. They tell me to just buy real estate or open a restuarant (idk why but they do and I already know it's a terrible idea). But now I'm at a point in my life where I have enough money to feel like I shouldn't be left to my own devices....and don't know what to do. + +This is for broader context and just different opinions and ideas, so given the following numbers, what would YOU suggest or do yourself? + +INCOME +- Annual income: $85k base + average of 12% commission of base (before tax) +- Rough average monthly income after tax: 5540 + +SAVINGS +- Savings @ 1.7% APY: 51.4k +- CD @ 2.25% APY: 20k +- Robo investor apps: 11.3k + +EXPENSES (MONTHLY / ANNUAL) +- Rent + utilities: 1050 / 12.6k +- Phone: 80 / 960 +- 401k: 276 / 3312 +- Car payments: 322 / 3864 +- Car insurance: 1.1k annually +- Health insurance: 273 / 3276 +- Misc mental and health appts: 340 / 4080 +- Dental: 15 / 180 +- Food + Social Outings: 1k / 12k +- Savings: 2k / 24k + +I'm generally intimidated by investing because family's drilled it into my head that I shouldn't do anything that isn't a sure bet. The robo investing apps I'm using is already a stretch for me and I usually withdraw if it gets past $10k to move into my savings for "safer" keeping. I still use the credit card I first got in college and have a decent credit score. + +I have zero clue what to do with what I have other than what I'm currently doing. So please be as forthcoming as possible without serving too many harshbrowns. TIA. + +Edited for aesthetic format. + Please help! + +Current finances: +Debt free +90k salary pre tax +10% to 401k every paycheck with 4% match +13k in Roth IRA +About 27k in savings from saving 25% of each paycheck + +My $6,000 would come from my current savings. + +My ultimate goal is to purchase real estate and save for a down payment. Problem is that I live in Los Angeles where real estate prices are insane so I really want to save every penny for a down payment and clearly have a long way to go. I know how crucial it is to start saving for retirement right now but being a property owner is such a big goal for me so I’m really torn on what is more important right now and parting with that $6,000. +I just turned 21 and I'm thinking about my finances in the future. I'm a businessman at heart and I know I'll probably want to use this money towards that relatively soon (10-20 years probably.) I never had a mentor to teach me about financial independence so I'm asking the internet lol. + +I was told that compound interest is the key to wealth, but I was reading about IRAs and Money Marketing accounts and I just get lost. What can I do to ensure that I'll have a healthy sum of money on hand to put towards my dream? + +I am an intern at a small event planning company as a digital designer + +and I also am a barback at a large upscale restaurant making on average about $1900-2800/month depending on the time of year. (It is VERY seasonal and VERY wealthy where I live.) + +My biggest monthly expenses: + +$500/month in rent + +$135/month car insurance + +and a conservative $500/month on other expenses. + +Let me know if I'm leaving anything out and any advice is greatly greatly appreciated! + +THANK YOU! +When I was in college, I invested my scholarship money (~$30k) into stocks and made substantial gains on those funds. My brokerage account is now at $110k. I have about $70k in stocks, $14k in ETFs, $10k in mutual funds, and the rest as cash. I also have a 401k from a previous job that has about $10k in it. + +I’m 24 years old currently and just started a new job that pays like shit ($45k), but I am enjoying it and learning a lot. I put 5% of my paycheck into a 401k—can’t really afford to put away more than that—and save another $500 a month into my short term savings account which has about $6k in it currently. + +I don’t have any student loans, and my car is paid off. + +I’m wondering if I’m using my money correctly? I know I’m in a good spot financially for my age, but I just wonder if I could be doing more with my resources, like buy a house and rent it out for additional income. Any thoughts or advice would be greatly appreciated. Thanks in advance. +It's bad enough that the nupo-riche members mostly just wanna sad post instead of welcoming advice from old poor's/multi generational poors. But the gate keeping is out of fucking control here! + +From the posts complaining about how we don't really care about our fellow poors/raised poors if we dare to offer advice, that has genrations of proven success, on how to make what little we get go as far as possible. To the first gen poor/ newly poor children of upper middle class parents who refuse to admit that generation poverty can drag down even otherwise nice salaries(I mean fuck us who are on paper making decent money but also don't want our parents to be homeless in their old age I guess). Posters who don't want to admit different cost of living areas are a thing or that a shit ton of debt can drag down an otherwise nice salary. And that's just the tip of the iceberg. Like just because not everyone is in the same situation I've found myself living in most of my life doesn't mean they aint have it hard too. But I guess gate keeping is trendy now. + + +Whatever at least I have a bit of booze waiting at home when my shift is over. +There are at least half a dozen posts on /r/investing every day that are the same theme. It is always someone finding a reason to justify why the market just 'has to' crash now. + +- Any index hits an all time high? Must be time for a crash! +- Some macro-level international political event occurs (ie, Brexit)? Must be time for a crash! +- Some macro-level domestic political event occurs (ie, Donald Trump)? Must be time for a crash! +- Any meeting related to the Federal Reserve and interest rates in the next 30 days? Must be time for a crash! +- Any commodity at a high level or low level (gold, oil, whatever)? Must be time for a crash! + +Stop it. You are all so bad at this (because retail investors in general are bad at it). It is the same posts year, after year, after year. ***Here is the thing: the market is cyclical, but it is not predictable. Try hard as you might to call the next crash, you will all be wrong 99% of the time.*** One of you will be right eventually, but no one knows who that will be or when that will be. Because no one knows when the next crash will be. Even when it occurs, ***there is no guarantee it will be a 2008-style crash with -50%+ drops in stocks. While those kind of crashes do occur, historically cyclical pull backs result in much more modest losses.*** + +I hope no one is taking actual investment advice from the people here trying to call a crash. Because look back, they've been making the same posts in 2012, 2013, 2014, 2015, and this year. They have all been wrong, and anyone listening to them has lost a lot of money. +Currently living at home on 24,000 a year, £1600 take home after everything. + + I’m going to have to move out the house soon and rent a place but this is where my debt problem is starting to scare me. + + I currently pay: £100 credit card, £151 loan, £180 loan, £50 phone (ending soon), £40 insurance, £30 gym. + +Total debt is about £9000 if I was to clear it today + + Is there any options for me? Unfortunately I had bad credit otherwise I’d try and take out just one loan and nuke these debts at a lower price per month. + +I’m so worried I’m going to struggle + +Thank you all + News in french: + +[https://ici.radio-canada.ca/nouvelle/1390058/cannabis-appel-offres-gouvernement-nouveau-brunswick?fbclid=IwAR3UJkxHhd6yKDBPAtLJJJ1\_NaUJOHxOgkSLaB4zl80ZP6mQahlgRE2MiFw](https://ici.radio-canada.ca/nouvelle/1390058/cannabis-appel-offres-gouvernement-nouveau-brunswick?fbclid=IwAR3UJkxHhd6yKDBPAtLJJJ1_NaUJOHxOgkSLaB4zl80ZP6mQahlgRE2MiFw) + +English summary: + +New-Brunswick goverment reviewed it's own distribution system and came to the conclusion that the best course of action is to let a private compagny take control of distribution and sale. It's currently taking offers until early january. + +Thoughts ? +Been doing this for a few months now and it’s been working (obviously market is going up) - anybody been selling cash secured puts for years? Multiple market cycles? + +Looking for some best practices and expected returns, I have no problem doing it with volatile stocks and it will be no more than 10% of my stock holdings. +Sort of curious if any of you have experience with multifamily offices and when they become valuable. It seems like the primary value would be reducing the cost of complicated tax/estate/trust situations, making sure you have good insurance, liability protection, etc. I highly doubt they're good at growing assets better than an index portfolio, but they may be better at diversifying to protect against market downturns or stupid descendants. This would seem to only be valuable to people with a lot of assets and an expanding family. + +Anyone can shine any light on this? +[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/) + +# 🚨 [Splividend Distribution Megathread](https://www.reddit.com/r/Superstonk/comments/w523nf/splividend_distribution_megathread/) + +>We absolutely understand the excitement but **we are removing "I got my shares posts" in order to make room for news/glitches/broker problems.** We are all extremely excited and don't blame you for wanting to post but at this point this is basically mass shared content. + +# 🥢 [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. + +# 🙋 ​[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 your 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://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for 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’s pretty damn irresponsible for the clowns on CNBC, Bloomberg, YAHOO, etc....to constantly ask if we are bottoming or near the bottom. + +I get it. People became so conditioned to buy a bounce that it became something you do without thinking. But even when presented with a problem as serious as the current inflation- they really didn’t show concern. That was amazing to me. + +Hell no we aren’t near a bottom and they know it! +Anyone who has lived long enough and has a memory knows we aren’t. + +Here’s how it goes (from my 2000 & 2008 personal experience): + +First, some exuberance gets massacred. A little less air in the bubble. Immediately the analyst are all over the media telling you what a great opportunity this is to buy. + +Next, the mega tech stalwarts start to take a hit and the market goes into correction. Ouch - ‘we’re close to the bottom time to buy’ they say 😂 + +Next, earnings start to suck. They try to tell you it’s unexpected and isolated. Market goes down some more. (We are here) + +Then, nearly all companies reporting say they’re concerned and/or lowering guidance. Market goes down some more + +Then, forward earning estimates start to get slashed nearly across the board as analysts have gotten the green light that the firm is in the clear and it’s ok to tell a story closer to the truth. Market gets hammered. + +Then, people sell even more because of emotion and despair. Market goes down some more - this is when we are close to a bottom. This is the capitulation phase. I’ve been trying to tell people that they will recognize it. You can’t miss it! Time to slowly start buying. + +But we don’t just fly up at that point. The market is filled with apathy and the investing public is worn down, disinterested, and illiquid. We trade in the wallows against the other pros for about 9-12 months. Also a good time to buy. + +This shouldn’t upset anyone. + +This is r/Daytrading +Legit wondering why you guys are putting money into other spec stocks hoping to double your money when holders of BRN are full of confidence that there at least another 3 bags to be had before Christmas and 10 bags in the medium term. + +Not financial advice. Just curious. +Seriously? Like every announcement a company makes is always 'pleased to announce.' What result isn't pleasing? How do sophisticated investors see through the bullshit? I see the best results in the initial body of a paragraph and then look at the chart of numbers and then give up figuring out what it all means. I've tried my best googling for an answer but I still have no clue. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +A few days ago I thought I'd try my first Twitter thread and make it something topical, Kogan. I hope it's okay with the mods but I thought I'd port it here in slightly longer form. While seemingly out of character for my predominantly tech/nano-cap posting, I actually worked at JB Hifi for several years a long time ago, so the journey of Ruslan Kogan has been something of an amusement for me for a long time. + +I've included a poll to try and capture sentiment towards KGN (Positive/Neutral/Negative). + +Ruslan founded Kogan in the mid-2000s, buying smart phones on the cheap in Asia then reselling them in Australia. He later branched out into TVs & other electronics. Products were dropshipped (no inventory held), meaning low capital requirements but also low margins. + +Because of this, for years, profit was relatively low and inconsistent. The second largest shareholder, David Shafer, a school friend of Ruslan, joined the business before its 2016 IPO. They realised that increasing their product range and holding inventory (private label) were probably the key to growth and profit. + +In 2016 the business floated and raised a large amount of capital to, among other things, stock up on inventory. This cash ended up being largely retained as the stronger balance sheet gave suppliers confidence to stretch out payment terms, which helped fund the increase in inventory. + +The strategy worked, with sales, profit and margins all increasing substantially. Helping alongside was a burgeoning mobile business which sold rebadged prepaid Vodafone service for a commission. This had some marketing costs it but it was otherwise basically pure profit and dropped through all the way to the bottom line. + +There were hiccups though. The phone reselling and dropshipping business fell off a cliff due to the combined impact of the introduction of GST and sizeable currency headwinds (see prospectus disclosure for 2015). The prepaid mobile business has since matured, but has been relatively flat since early 2019. + +However, the private label kept growing. + +Growth in private label wasn’t without risk. It required more products, meaning expanding outside Kogan’s strength in electronics to other areas like furniture, groceries, air conditioners & books. This required inventory. More inventory which took longer to move. + +The rate at which inventory turned over dropped from >5x per year (around IPO) to \~2.5x in the last reported period. This meant inventory grew faster than sales figures, placing increasing strain on the balance sheet and impeding cashflow. + +Marketing also grew faster than sales, meaning that Kogan’s margin after marketing and variable costs remained in the single digits despite an increasing amount coming from the higher margin private label collection. + +Eventually, even private label began to falter with sales and gross profit stalling in 1H20. Group earnings also flatlined despite benefitting from new income streams like ‘Marketplace’ (a dressed-up rehash of the drop-shipping business?) + +This is where market sentiment turned. The share price fell from $7.94 in January 2020 to $5.30 just before COVID. Other concerns were regular share sales by management, erratic and selective reporting disclosures and poor online reviews. + +But then the Great Reprieve happened for ecommerce companies around the world. COVID-19. Locked down people with stimulated wallets could not shop in physical stores. + +Online retailers that had struggled to turn a profit for years due to low barriers to entry and ever-increasing marketing costs were all of a sudden printing cash. Share prices skyrocketed because stonks always up. KGN appreciated in value far more than somewhat sturdier competitors. + +At some point though, these tailwinds would abate. Things changed here in Australia with COVID, but had they changed THAT much? In the March quarter update Kogan revealed sales had slowed dramatically, EBITDA had halved compared to the same time last year. We see “one-off” demurrage charges. A red flag appears. + +Demurrage charges are incurred when you fail to pick up cargo on time. It is very expensive, and usually avoided at all costs. So why did Kogan not delay new stock purchases to avoid this happening? Is there slow moving inventory stuck in warehouses? We don't really know. + +Kogan signed new third party storage to handle the excess inventory. Will these deals be on similar terms to those currently held with related party eStore Logistics? + +Will Kogan need to write off a large chunk of its inventory balance, over $200m? Will margins take a hit if they clear stock by discounting for an extended period, despite private label margins already dropping extensively? + +Or maybe Kogan can rejuvenate sales growth and start moving that inventory somehow. They've certainly proven themselves to be capable operators, dazzling the market before, so I'll be watching this space very closely. + +[View Poll](https://www.reddit.com/poll/n2zjo0) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +&#x200B; + +[The email I changed the decimals on the interest rate to make it more difficult for fidelity to line up my identity with my reddit account. I can provide proof to mods.](https://preview.redd.it/a2eobpc1m0591.png?width=1736&format=png&auto=webp&s=bbece622f811a042521ba0349b1ed78d79e4b73c) + +Hello apes, I'm a high XXXX holder, got into this Nov 2020. + +I've gotten two emails like this, both times, I didn't enquire about the lending program at all. For the interested parties, these are the shares in a Roth and 401k that \*\*I don't want to\*\* ,"this is the way" DRS. I have other shares I have DRSd. + +The first one, sent beginning April, was promo for their fully paid lending program, didn't mention GME specifically, I had to go on the website and fill out information to find out Fidelity was offering around 3% for GME. I had a talk with the rep to see if they were willing to get their interest rate up. + +I also had a banner in my positions page that provided a link to Fidelities fully paid lending program. + +Now, with this latest email. + +If I lent my shares, that would be providing around 25K a month extra income. That is insanely tempting. So that got me thinking, **how can high XXXX shares be worth their time?** These **rates are too good to be true** and how the large financial institutions must be planning to fuck us because anyone paying that interest rate, let alone the higher rates we have been seeing, is going bankrupt. + +I don't think the shares in my Fidelity 401k and Roth that I bought since 2020 are settled in my account. I think the majority of them are IOU's from the "infinite liquidity"(LMAYO) "service" that Virtu and Citadel provide. If that is the case, **is Fidelity on the hook for delivering their shares and are my non delivered shares Fidelity's liability?** + +In my view, the synthetic/counterfiet shares number in the high 100s of millions. This leaves the financial industry with a huge problem. I believe that the short position on GME is hidden in swaps and a low probability that I have actual shares in my 401K and Roth. + +[A convenient gap in reporting swaps is suspect as fuck and confirms my bias.](https://preview.redd.it/s5vqnym6s0591.png?width=623&format=png&auto=webp&s=195ef47fe68925cc71b58944311bf36a4a5dcdba) + +I want to run this by the wrinkle brains. Could the financial industry conspire to fuck people out of their GME shares with this plan? + +1. Load one entity, maybe a prime broker or the one(s) that hold the swap with citadel, with all the shorts possible. +2. Tempt apes with a super high interest rate to lend their shares to said entity. +3. Apes lend to said entity. +4. Entity goes bankrupt, apes loose their shares but receive collateral provided by the Master Securities Lending Agreement. + +This allows the brokerages to drain the short sellers with high interest rates and effectively purchase gme shares for way less than they are worth as brokerage would simply lose it's collateral to the ape lending. + +This would allow brokerages to drain the shorts with high interest rates, helping bankrupting them, and perhaps synthetic shares are lost/destroyed during a default? + +&#x200B; + +https://preview.redd.it/nel5uf67r0591.png?width=374&format=png&auto=webp&s=e96d29267e69ae190ba9bf6782e49d15dde2b3a4 + +[From the pdf for Fully Paid Lending Program](https://preview.redd.it/5hyoa4cfr0591.png?width=384&format=png&auto=webp&s=c57b584b9b4bfc34ba99422ff6445588924ab90f) +I'm quite new to selling options and am still learning. + +I **finally** worked up the courage to sell CC's on AMZN - (3125 Call for March 11) - to make a little on stock I've held for years and plan to hold till retirement. I figured AMZN had been dragging a lot and the strike was far enough that it was a fairly safe shot. + +And then they go and announce a possible 20:1 split... lol just call me bad luck brian :) + +So what should I do? 2 days left to expiry. I expect this will be ITM tomorrow. + +* Roll? The stock is likely to go up a lot and if it splits it will just be worse? +* Close it? Can i wait till expiry day to close in the hopes that it drops a bit before end of day March 11? + +I really want to avoid exercise just because its grown so much over the years and I want to keep the original growth % stats in the portfolio. This is a retirement account. + +Edit: formatting + +Update: Thank you all for your input I was sweating it over nothing. As most you predicted it didnt go ITM. I closed the position out just in case. Thanks all I learnt quite a bit from sitting here wringing my hands over possible scenarios :) +As a new trader, I’m currently in the midst of my first significant losing streak, and as awful as it feels, I knew this would be part of the game if I chose to go down this route. (Don’t worry; I’m reviewing my trades, continuing to practice my strategies via back testing, and asking questions every day to find out why they haven’t gone my way recently.) + +If you don’t mind sharing, I’d like to hear your stories about losing streaks you’ve gone through. They could be about consecutive losing trades in a day, consecutive red days/weeks/months, or just periods of time when it seemed like a winning trade only happened once in a while. How did you deal with them? How did they effect you psychologically? How did you snap the streak(s) ultimately? + +Thanks in advance for sharing! +You've all made your position on robinhood IPO painfully obvious. + +So, what should Mr hedgefund do? He's going to pump the crap out of the stock after all of you short it. + +Would you let yourself become the exact thing we are fighting against? + +APES ARE STRONG. ALL WE NEED IS TO BUY, HODL, VOTE. + +Stay classy. + +Edit: Thank you guys for reaffirming the faith we all have in each other. Apes are retards, but apes are SMART! Also thank you for the awards and upvotes! I know this post was pretty low effort, but the message is still very important!! 🚀 🚀 +As I am proud of this community for doing DD and research on every information, the basic Strategy Never changes. + +Buy, Hold, Vote. + +No day trade, no stop loss, ape no fight ape. + +Remember this : Any post or idea giving a sense of urge, or of a massive rise then drop in price IS FUD. + +Be patient, wait peacefully, it is NOT over until citadel goes bankrupt. Not another HF, not price 5k, nothing. +FLOOR is higher than me after 10 blunts. + +Do your research, and be excellent. + +MOASS is inevitable, and 5000$ is NOT the “MOTHER of ALL short squeezes”. + +Let me emphasize once again : +Buy, Hold, Vote. +No day trade, no stop loss, ape no fight ape. + +Edit : thank you guys for the love and awards, be ready for their fuckery, and hold with your beautiful diamond hands + +Edit 2: fellows pointed the lack of explanation so here is my take : their point of a fake squeeze is to make you greedy thinking you can get more shares by selling @ the first “fake peak” to buy back and more when it goes down. It would be a valuable strategy for a legit stock, but since GME is heavily manipulated and fuckery is ahead of us, any selling order is a shit idea. A better option would be simply to buy and average down if it collapses after a small peak, but under no circumstances to sell at any point. The strategy is FAILPROOF and consists in sitting on your shares and waiting. It is a waiting game. The amount of DD is nice, the collective brainstorm and research is awesome, but in the end, as long as no one is selling, we win. +Also some of you may be tempted to sell when it hits a landmark, say if you are a 2X holder, and you aim for 1M, then your price is 50k/share…. BUT !!! If it hits this mark, it means we are right, so you could get 10M by waiting 500K, or 100M by waiting 5M/ share. The trick here is to always remember : SHORTS MUST COVER. And they have to cover as long as you don’t sell. +Now ask yourself this : you want half a million on your account, or you want to be set for life for generations ? If it goes up a to a nice amount (see 6900$/share for example), it means WE ARE RIGHT. And if we are right, it means stock WILL go higher. Hence the motto buy hold vote. No day trading. I hope it clarifies my standpoint. + +Edit 3 : for those of you that can’t read and messaging me about fake squeeze, I’m not speaking about fake squeeze incoming, I’m telling you pushing a “fake squeeze incoming” story is FUD +Tesla is closing its office in San Mateo, California, and eliminating an estimated 200 jobs there, CNBC has confirmed, as part of a broader cost-cutting effort at the electric vehicle company. + +At the San Mateo facility, hundreds of employees were tasked with labeling videos from the company’s cars in order to improve their driver assistance systems, marketed as Autopilot. Bloomberg first reported on the office closure and layoffs. + +Two employees impacted by the layoffs told CNBC on Tuesday that they knew Tesla’s lease was approaching its end. The workers asked not to be named because they weren’t authorized to speak on the matter. + +Source: [https://www.cnbc.com/2022/06/28/tesla-cutting-200-jobs-closing-autopilot-office-in-san-mateo.html](https://www.cnbc.com/2022/06/28/tesla-cutting-200-jobs-closing-autopilot-office-in-san-mateo.html) + +**Tesla (TSLA) fell back below $700 yesterday after announcing that it is cutting about 200 Autopilot jobs and closing its office in San Mateo, California.** + +**Do you think TSLA might break below this year’s low at $620?** +Outside of capital growth and negative gearing is anyone actually turning over a profit from 1-2 investment properties? +From my very limited discussion with people I know, IP's seem to cost them money, and just generally be a pain in the butt. +One of my units is next to a large university that has a significant number of foreign students. I have always avoided renting to anyone without a U.S.-based cosigner. My fear is that if they don't plan to stay in the U.S. when they graduate they could easily skip town and not pay me for the summer. If their parents live in Russia for example, what possible recourse could I have? + +But maybe I've been taking too harsh a line? If you're an attorney, or a landlord with practical experience in this matter, I'd love to hear your opinion. +An origin story is never a first release, it’s only after the blockbuster that the collective decides they want to know more about these protagonists. How did they start this, how did they maintain this, how did they become this? + +Well it started a long, long time ago in a galaxy far, far away. A sweetheart of a man zeroed in on a potential investment opportunity that, by the numbers alone, just seemed too good to pass up. But he had a hell of a time reframing the dying brick and mortar during a pandemic story into an attractive asset with an idiosyncratic element that could, theoretically, lead to extraordinary profits. + +From a fundamentals standpoint, the promise of new consoles and a potential shift to a digital distribution platform were enough to get a few to take a closer look. Behind the curtain they found with Wizard of Oz and each man and woman who saw became instantly converted. + +But this story only begins when Ryan Cohen purchases, becomes chairman and instantly re envisions and recreates GameStop, brick by brick, hour by hour, share by share. + +Before he can pursue his vision, the shorts squeeze and it’s the biggest story in the world for a week but Citadel, the Market Maker with their fingers on the controls of the World’s economy, orders their minions to shut off the buy button, floods the bought and paid for media with false narratives and waits for retail to be distracted by the next shiny thing. But there’s this stubborn group who just won’t let go. This thing is not over. + +And so the conversations continue. Shorts have not closed and by exposing their criminal activities in such a blatant way during the squeeze they inadvertently opened the back door for retail to come and kick the tires on this thing. One kick and it all falls apart, there was never even an engine in the fucking thing, it was all smoke, mirrors and dark pools. + +A really bad scenario turns into a nightmare for the hedge funds and market makers. Not only were these retail investors not selling, they were buying more, sharing crowd sourced information at lightning speed and continuing to draw interest from new investors from all over the socio political spectrum for this was an apolitical fight against an overtly evil enemy. While others were busy being woke or anti woke, some decided to wake the fuck up. + +This is where the story gets interesting. + +A symbiotic relationship between Cohen and co. and retail (apes) develops organically. This dynamic is where the magic was made and it will be this relationship that will by dissected by financial experts, sociology professors, evolutionary psychologists, every tech company in the world and many many more, for years and years to come, for it is here we find the seeds of fiscal revolution. + +You see it was the very crime itself that sparked the relationship. And how better to reward loyal, powerful, and undeterred apes with the rapid development of a cutting edge technology that would change commerce, and as a consequence, human interaction, forever. Our enemies handed us the playbook and our Chairman perfected it. But none of this is possible without the Apes. For the Apes exposed every dark corner of the broken market. The Apes DRS’d. The Apes did what the hedge funds, the sec, the DTCC, the Fed and the Market Makers believed impossible. They held. They held with a vice grip around the collective unconscious so tight it changed the course of human history. + +Ryan Cohen built it but he didn’t wait for anyone to come, they were already here. He built the infrastructure for the transition to Web3. This cannot be understated. He built the infrastructure to take the power away from the very people who criminally prevented a short squeeze of the very same company. This is biblical in scope, this is David V. Goliath on a digital scale. The rot at the core of the interdependent political and financial systems always seemed unstoppable. Like a virus that contaminated the entire world. We were all helpless in it’s wake, until one day a few of us woke up and discovered that all fear, all powerlessness, all divisiveness, is just a smoke screen to keep us enslaved to a disconnected elite. + +We would no longer be their servants. We would no longer hand them our hard earned money and let them piss it away as they line their pockets and change the rules to suit their selfish needs. We would no longer bow in their presence and we would never again let them steal our autonomy. + +On June 2nd 2022 a stock split dividend was approved. Simultaneously the NFT marketplace and the GameStop Wallet were officially released. Due to clear and undeniable evidence of criminally rehypothecated shares Ryan Cohen announced that he would be removing GameStop from the DTCC and trading on the newly developed tokenized exchange. A number of partnerships with AAA tech companies was announced. The Apes who held were rewarded with the most explosive and sustained short squeeze in the history of the market, a squeeze that never really stopped squeezing. + +This dominated the media for months. Especially as more and more companies, fed up with Wall Street hedge funds writing algorithms to steal profits, joined GameStop to trade on their tokenized exchange. Digital autonomy was realized. The criminals could not access the blockchain, all the rules had to be changed, all the power structures had to be reconsidered, the human being had grown up. + +And this is important, we had to do this as a species, we could not be handed this, we had to take it. We could not be given what we did not earn, only in earning this prize, brick by brick, share by share, paragraph by paragraph of incredibly insightful due diligence, could we fully realize our potential. This moment was brewing for millennia and it’s simply the next natural step in the human evolutionary process. As power becomes decentralized, the Apes, and eventually everyone are able to connect, share crowdsourced information, invest capital together and essentially kick the collective subconscious into hyper gear. + +We know this because it’s already happened, on Superstonk. This is the power of half a million minds working towards a common goal, this is what the “common man” is capable of once the chains of manufactured division are broken and left in the dustbin of history. We are on the brink of changing the world together and it’s all been written into the stars already. We’re no longer under their control. Take a deep breath and take in the view from here, nobody’s ever seen this before and it is magnificent. +Obviously we all like green and that's why we're invested in this market. But one thing that struck me is how calm or more balanced this sub has become as a result of a bear market. + +During the bullrun of 2021 this place was so full of scammers, bots, hype and just pure psychosis that anything reasonable or slightly contrary was off the table. + +Every second post was a shill coin promising to be the next pump with fake replies and down vote armies at the ready. The swings in profit were so large that even just two days of red candles would ignite insane tribalism. + +Ever since the bear market I noticed there's some balance going on, people aren't afraid to be honest about the state of the market or even certain projects. Nice to see a little balance, even if only for now. + +Superstonk is a detective collective. The insight comprised of all its members contributions has never been done before in human history. It is far more important and relevant than any centralized gate keeping. +If you think a non gme company setting precedent that directly paves the way for GameStop is not related, then please let us vote on wether it is related to GameStop. +If you think it’s more important to outlaw screenshots with names than to facilitate the spread of traceable information, then let us vote on that too. +Serve by helping our collective will make our rules. Ask us permission before making rules. Also Thanks for doing a job that many of us probably don’t want to do. + +Fellow members, +I believe I have noticed a difference in the overbearing banning of posts by the mods. I suspect most of us agree that upvotes and downvotes should be the 99% only gatekeepers of information. I have seen My posts and many others posts taken down against my preference lately. I’m not about to be a mod but maybe there is a way to govern ourselves. I don’t have the answer but Lets set intention to self govern. + +In a way the end boss is us. To become collectively conscious and liquid always finding eachother speaking truth and justice no matter how many gathering spaces get compromised. I’m excited if superstonk is compromised, that they would be that desperate. I’m excited that we will always find eachother no matter what happens to superstonk because we are already thinking that way. Liquidity is the most powerful force to be harnessed. Members of superstonk are fluid like the water that carved the Grand Canyon. We are the actual liquidity. Financial liquidity is an echo of our blood sweat and tears. The hundreds of trillions of dollars moving around is just sweat From our infinite Resilience, and infinite fluidity. If money is the 4th dimension we are the 741st dimension. DRS forever fellow poop flingers! <3 :D +My daughter is about 1.5 years old. My grandmother just informed me that she is going to write a check in my daughter's name for $10,000 this year and every subsequent year until she dies (my grandma is 87 years old). Where should I put this money? +TL:DR – I think the Housing market is in a bubble, which could trigger calamity when home values are no longer worth the inflated loans taken out to purchase them, which will begin to poison the Mortgage-Backed Securities they are packaged in causing further balance sheet woes for those trying to keep Marge from calling. + +Howdy r/Superstonk, Jellyfish here! I would like to take a dive into some of the housing data that has been released. + +[Existing-Home Sales Experience Slight Skid of 0.9% in May](https://www.nar.realtor/newsroom/existing-home-sales-experience-slight-skid-of-0-9-in-may) + +[The highlights](https://preview.redd.it/17evod4ly1771.png?width=781&format=png&auto=webp&s=4e74764e98a5f38a6b1a719f68ca1e996213915a) + +Ok, so the rate of sales continues to trend downward, but median home prices are **up 23.6% year-over-year to an all-time high of $350,300 with May rising at the greatest year-over-year pace since at least 1999, up from $283,500 last year and $340,600 in April.** + +The next thing I want to draw your attention to is the nifty infographic they released for the month as well: + +[\\"If there were a larger pool of inventory to select from – ideally a five- or a six-month supply – then more buyers would be able to purchase properties at an affordable price.\\" Source: https:\/\/www.nar.realtor\/newsroom\/pending-home-sales-slip-10-6-in-february](https://preview.redd.it/s43lzzspy1771.png?width=1000&format=png&auto=webp&s=e9c8b2a7d8d6ca94ce8e939f3a2a252d1465acfb) + +Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace. At these prices, inventory is slowing down: + +Previous months’ supply: + +[May 2.5 months’ supply](https://www.nar.realtor/newsroom/existing-home-sales-experience-slight-skid-of-0-9-in-may) + +[April 2.4-months’ supply](https://www.nar.realtor/newsroom/existing-home-sales-decline-2-7-in-april) + +[March 2.1 months’ supply](https://www.nar.realtor/newsroom/housing-market-reaches-record-high-home-price-and-gains-in-march) + +[February 1.6 months’ supply](https://www.prnewswire.com/news-releases/remax-national-housing-report-for-february-2021-301249009.html) (Five report records for February were rewritten: most home sales, highest price, lowest inventory, fewest Days on Market and fewest Months Supply of Inventory.)—I think this was the top. + +[January 1.9 months’ supply](https://www.globenewswire.com/news-release/2021/02/19/2178972/0/en/Existing-Home-Sales-Tick-Up-0-6-in-January.html) + +[2020 Months’ Supply](https://www.nar.realtor/blogs/economists-outlook/inventory-and-months-supply): + +[2020 Months' Supply](https://preview.redd.it/fgberyyuy1771.png?width=910&format=png&auto=webp&s=55171fb5c70e0f58cf64c8d996d14f6d50afa812) + +So, months’ supply is increasing (supply taking longer to move), sales are beginning to decrease (.9%) (demand), and median existing-home price across all housing types hit a record high of $350,300 in May, an increase of 23.6% from the year before (price). + +Stated another way: + +The current supply is steadying with current inventory not moving at the current prices and is increasing as more homes come online ([census bureau has it at \~ 4-8 months in 2020 to build from start to finish](https://www.census.gov/construction/nrc/pdf/pct_start_to_comp_2020.pdf), projects started during the pandemic will be coming online), Demand is decreasing, Median Prices has increased to an all-time high. + +Revisiting The laws of [Supply and Demand](https://www.investopedia.com/terms/l/law-of-supply-demand.asp): + +* The law of demand says that at higher prices, buyers will demand less of an economic good. +* The law of supply says that at higher prices, sellers will supply more of an economic good. + +[Econ 101, right? ](https://preview.redd.it/ihn3ycl0z1771.jpg?width=200&format=pjpg&auto=webp&s=b670d73c9b08df2b7a389cefc6e4576369128eee) + +# Umm, great, glad to see in a vacuum that the housing market is obeying the laws of supply and demand? How can that be? Surely Jellyfish you have an error in the demand? Or the numbers? Something? + +Let’s dig deeper! + +[The drop in existing-home sales represents the fourth month in a row of declines, Yun said Tuesday. “It looks like that big wave surge that we saw after lifting of the lockdown in the second half of last year is clearly receding,” Yun said. “The sales are essentially returning towards pre-pandemic activity.”](https://www.barrons.com/articles/existing-home-sales-51624318331) + +[By price point, May’s data shows a similar trend to previous months, with home sales rising most dramatically on an annual basis among the highest price points, and dropping among the lowest. “How the numbers are trending is clearly implying that the sales are tilted on the upper end compared to the lower end,” Yun said.](https://www.barrons.com/articles/existing-home-sales-51624318331) + +Ok, so this isn’t just a one-month blip in sales, and as we saw above with the months’ supply of homes, supply is continuing to hold and come online. + +But what about demand, specifically new buyers? [The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2021 shows mortgage applications for new home purchases decreased 5.9 percent compared from a year ago. Compared to April 2021, applications decreased by 9 percent.](https://www.mba.org/2021-press-releases/june/may-new-home-purchase-mortgage-applications-decreased-59-percent) + +[Applications are certainly coming down from the highs of Covid.](https://preview.redd.it/5r3r2s47z1771.png?width=967&format=png&auto=webp&s=e2fa9fd8af54baea06b0852394b79c3e23ae59f0) + +[However, even while demand for new mortgages drops, loan sizes are still increasing](https://www.mba.org/2021-press-releases/june/may-new-home-purchase-mortgage-applications-decreased-59-percent): + +&#x200B; + +[https:\/\/www.mba.org\/2021-press-releases\/june\/may-new-home-purchase-mortgage-applications-decreased-59-percent](https://preview.redd.it/74t5htkbz1771.png?width=802&format=png&auto=webp&s=e2d31996865844bee2d111d90fc9dfdaaff6ca0e) + +With the conditions of the housing market above, I believe we are entering ‘textbook’ bubble territory. + +[Source: https:\/\/www.investopedia.com\/terms\/h\/housing\_bubble.asp](https://preview.redd.it/mummtpqez1771.png?width=794&format=png&auto=webp&s=6b303163091e89afa394bb07931460d14fe0541e) + +Ok, as we covered above, demand had been through the roof and ate its way through the months’ supply from Mid-2020 to February 2021, but the supply is back on the rise and current stock is taking longer to move. At the same time, demand for new mortgages is decreasing as the supply continues to hold and increase—but prices continue to go up! + +[Uh-oh...](https://preview.redd.it/0rzzwcimz1771.png?width=884&format=png&auto=webp&s=7b59781c06dd994a2b5cdb58281a4ae8d6edde75) + +But what about delinquency rates? This can be a source to the supply... + +[https:\/\/www.mba.org\/2021-press-releases\/may\/mortgage-delinquencies-decrease-in-the-first-quarter-of-2021](https://preview.redd.it/37kkgkwoz1771.png?width=1111&format=png&auto=webp&s=67adb417af204a2721cceead4eee719b4549ab3b) + +>On a year-over-year basis, total mortgage delinquencies increased for all loans outstanding. The delinquency rate increased by 141 basis points for conventional loans, increased 498 basis points for FHA loans, and increased 297 basis points for VA loans. +> +>The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure. The percentage of loans on which foreclosure actions were started in the first quarter rose by 1 basis point to 0.04 percent. The percentage of loans in the foreclosure process at the end of the first quarter was 0.54 percent, down 2 basis points from the fourth quarter of 2020 and 19 basis points from one year ago. This is the lowest foreclosure inventory rate since the first quarter of 1982. +> +>The seriously delinquent rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 4.70 percent. It decreased by 33 basis points from last quarter and increased by 303 basis points from last year. From the previous quarter, the seriously delinquent rate decreased 34 basis points for conventional loans, decreased 19 basis points for FHA loans, and decreased 37 basis points for VA loans. Compared to a year ago, the seriously delinquent rate increased by 205 basis points for conventional loans, increased 771 basis points for FHA loans, and increased 379 basis points for VA loans. + +**Then there are those still in or coming out of forbearance with the likely expiration and non-renewal of these Covid rules at the end of the month:** + +[The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 4.18% of servicers' portfolio volume in the prior week to 4.16% as of May 30, 2021. According to MBA's estimate, 2.1 million homeowners are in forbearance plans.](https://www.mba.org/2021-press-releases/june/share-of-mortgage-loans-in-forbearance-slightly-decreases-to-416-percent) + +[Forbearance details](https://preview.redd.it/ac3v82nvz1771.png?width=1169&format=png&auto=webp&s=474f2c02fadb5f56e10f067a8cb5e8aa89aa604b) + +While it is great to see people come out of forbearance, if I am reading the numbers correctly, more than half of folks coming out are still going to have amounts that still need to be paid back on top of the normal monthly payment. Budgets are already stretched tight, [wage growth is decreasing](https://www.atlantafed.org/chcs/wage-growth-tracker), and inflation is making everything else [more expensive](https://www.reddit.com/r/Superstonk/comments/o59uyb/no_inflation_my_waffle_house_has_had_to_print_new/h2lnk5e/?context=3). + +If these mortgages begin to fail, you can bet that it will have an impact on the Mortgage-Backed Security (MBS) it was packaged into. Enough of that begins to happen, and the balance sheets that were already trying to fight inflation are now caught in a two-front war with inflation and decreasing MBS values. Throw in the fact the Fed is kicking around the idea of tapering MBS purchases (who this dog shit would get offloaded to) and the problem begins to compound! + +Tick-Tock... +Apes, this was a comment but I think it needs more visibility. Some will say, no MOASS can be caused by this or that or the other...but I guarantee your ass that if we do this, MOASS is definitive..... + +If GS shows positive cash flow, MOASS is on and in an immediate fashion. If it doesn't, it will continue to be an uphill battle until it does. If it doesn't show profit within the next two quarters, there will be a great deal of doubt by institutional owners and sell offs. Now, that could be a good thing over time as retail will probably snap up those shares but it doesn't solve the issue. GS needs to sell more shit and have more income PERIOD. + +Apes, we are right to buy and hold stonks. We believe in this play but the play only works if the balance sheet turns around and the P&L turns positive with substantial projected growth. The day that happens, buckle the fuck up. + +So spend your money with GS. Get your friends and family to spend their money with GS. Put GS on social media on STEROIDS everyfukingwhere. Don't keep silent with your investment. Scream at the top of your fucking lungs that GS is the greatest retailer in the universe and that everyone should buy everything they can think of there. + +RC needs to expand the product line and sell more shit .....give him suggestions and get more exposure to this company. + +THIS IS HOW WE WIN....not by talking about nothing but the mystical MOASS. Let's make this company EXPLODE with sales!!! Remember, WE control the narrative. WE ARE THE CUSTOMER. + +Not financial advice + +Peace +*What is the issue with "non-covered" shares?* + +I'd like to highlight this post from six months ago, in which /u/tiides explains very thoroughly the issue with non-covered shares, how to check your shares in CS, and the resistance he was met with when requesting his cost basis from his broker. Would highly recommend reading this: + +[https://www.reddit.com/r/Superstonk/comments/tg188i/are\_you\_missing\_cost\_basis\_in\_computershare\_you/](https://www.reddit.com/r/Superstonk/comments/tg188i/are_you_missing_cost_basis_in_computershare_you/) ) + +In case you don't feel like clicking that link just yet, here's a summary from the post: ***"If you purchased your GME shares any time after 1/1/2011 (nearly everyone here) and then DRS'd, those are Covered shares by fundamental definition. If your shares in CS are listed as Noncovered, and you purchased them any time after 2011, that means that your broker chose not to submit cost basis information at the same time as when they initiated the DRS transfer. They know the laws, but they know that the penalties don’t hold water, and so it seems many brokers are making this decision to not follow the law in a timely manner. Fight for your rights, hold them accountable, and put an end to this bullshit."*** + +&#x200B; + +*How common is this issue?* + +If you search "non-covered" in this subreddit, you will see that many people have been asking about non-covered shares, what they mean, and how to fix it: + +[https://www.reddit.com/r/Superstonk/search/?q=non-covered&restrict\_sr=1&sr\_nsfw=](https://www.reddit.com/r/Superstonk/search/?q=non-covered&restrict_sr=1&sr_nsfw=) + +In the pinned Computershare Megathread, you can see many people commenting about the issue, but there is nothing specifically in the post itself about it (unless I missed it). We should aim to fix this and get the right information in that post. + +[https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare\_megathread\_092022/](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +\-------- + +EDIT 1: Someone found THIS post as well from 10 months ago, very detailed about their process trying to get their cost basis: + +[https://www.reddit.com/r/Superstonk/comments/qc8f46/the\_black\_box\_brokerage\_held\_shares\_missing\_data/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/qc8f46/the_black_box_brokerage_held_shares_missing_data/?utm_medium=android_app&utm_source=share) + +I'm on this sub every day, all day - and somehow missed that post!! + +EDIT 2: Ugh - I just edited this post to add that link above because I figured it was good to see, and half the text of this post got deleted. I don't have a saved copy of my text so this sucks... + +Does anyone magically have a copy of what I had typed? + +Generally, it said that brokers are choosing to resist sending cost basis information to Computershare, when it is their legal obligation to do so. Think about why they would risk that, and how asking for your cost basis may force them to do it, and what kind of effect that might have. It would force their bookkeeping to be that much more accurate. + +**EDIT 3: MAGIC IS REAL. Someone was able to get the original text back!! See below for continuation of original post.** + +\----------- + +I also made a previous post recently to try to understand how widespread this issue is, and even though it got little traction, there were still many apes with non-covered shares (Some due to being a non-us ape, and IBKR claiming they do not have to adhere to US regulations. If anyone has more information on this, please share in the comments): + +\[[https://www.reddit.com/r/Superstonk/comments/x3fr3u/do\\\_you\\\_have\\\_noncovered\\\_shares\\\_in\\\_computershare/](https://www.reddit.com/r/Superstonk/comments/x3fr3u/do\_you\_have\_noncovered\_shares\_in\_computershare/)\] + +**All of this leads me to believe it is common enough that we should be paying more attention to it.** + +&#x200B; + +*Why does having my broker send my cost basis to Computershare matter?* + +An important part of /u/tiides post above notes: "Brokers are legally obligated to use the DTCC CBRS (Cost Basis Reporting Service - [https://www.dtcc.com/clearing-services/equities-clearing-services/cbrs](https://www.dtcc.com/clearing-services/equities-clearing-services/cbrs) ) when performing DRS transfers." + +**By not sending your cost basis, brokers are not following the law.** Having your cost basis sent from your broker to Computershare **forces the brokers to actually comply with the law.** It's also helpful to keep your taxes straight. + +**There is a lot of resistance given by brokers when trying to get a cost basis sent over**, which some here may have encountered (myself included). Why are brokers resisting sending over your cost basis? Beats me, but let's find out more about it together. As we all know, **when something is met with resistance, it's a path worth investigating.** + +&#x200B; + +*What can we do about it?* + +Some initial ideas: + +* Mods could do a poll so we can see the extent of this issue - that is, brokers avoiding the cost basis laws (seems like we aren't able to post polls ourselves). +* /u/jonpro03 may be able to add a feature for users to report non-covered shares to the DRS bot +* Include more information regarding cost basis in the Computershare Megathread post +* keep posting your experiences and having discussions so that those with non-covered shares are educated and can put more pressure on brokers to comply +* Please comment with any other ideas you have, and if you made it this far, thank you for reading! + +**TLDR: If you are interested in seeing how prevalent "non-covered" CS shares are (which means brokers are not sending over cost basis information to Computershare, and therefore breaking US laws), comment on ways we can shine attention on this and learn more.** + +&#x200B; +Growing up I was constantly told to be careful about buying a house with someone as if things go sour it complicates thing. Is it possible to purchase as a single person anymore , something for yourself? If so what kind of salary do you need to be earning? I was recently pre-approved for 300k, don't even know what to do with that as most apartments are more. + +&#x200B; + +Cheers all! +Can I dispute this? + +Why does it make sense that the dealership would run (is that the correct terminology) a hard pull on a 100% cash purchase? + +Should I have declined to give them my SS number? I tried to decline but the dealer said it was needed for the registration. Is that even true? + + +Thank you very much in advance for any advice you can offer me. +The address (aka address #1) that minted the NFT sent 473,657.64 USDC to an intermediary address (#2). The intermediary address swaps some of that USDC for 1,816.08 SOL. Then Address #2 sends 1800 SOL to a 3rd address. + +The third address makes a bid and wins the NFT for 1800 SOL. That 1800 SOL goes to address #1 (the one that minted the NFT). Then address #1 sends the 1800 to the intermediary Address #2. The intermediary address swaps the 1800 SOL to USDC. + +Blockchains, amirite? + +Credit to user @zachxbt on twitter did the digging here. + +Here it is on the solana explorer: https://explorer.solana.com/address/JB21HTccXiiyZUYpdWxoy1nSu6zbMBVKBQz1if85d7ud + +Here is an article on it: https://www.vice.com/en/article/m7vpx8/analyzing-the-very-bizarre-sale-of-melania-trumps-dollar170000-nft +As we approach tax day, I’m curious what higher level tax strategies the group uses to manage tax liability. FatFIRE individuals largest expense is likely to be taxes, so managing this item is impactful to our FIRE goals. Progressive structure, highest income jobs often in high tax states effectively increase the value of finding deductions. + +I utilize most of the common tax avoidance strategies, but just realized my tax liability doubled in 2019. What are some additional tax management strategies that are available? + +Hoping to find something beyond these: + +-max 401k / IRA + +-Backdoor Roth + +-HSA + +-Donor Advised fund (appreciated securities) + +-QBI on business + +-home office expense / vehicle + +-Rentals / depreciation, etc + +Don’t feel like I have any more levers to pull to manage taxes this year. I’m guessing this group has knowledge/experience with more strategies aligned with a FatFIRE income/lifestyle/goal. +I am closing on selling my house in upstate New York tomorrow which will net me a $73,000 profit. I’m currently living and working in Northern California with no hope of buying a house again for a year or two minimum. Can anyone give me ideas on what to do with this check tomorrow so I can put this money to work? Thanks!! + +Edit: Wow I didn’t expect this outpouring of support. I’ve been working all day and haven’t had much chance to get in here. I am going to read all these replies carefully and take some notes. Thanks again all! + +P.S. Many, many folks have mentioned capital gains taxes. I lived in the house for the last 4 years and it is the only residence I had and sold so no capital gains taxes. +Some traders prefer to be in and out as quickly as possible while others like to hold for hours/days/weeks etc. + +Which do you prefer and what techniques do you use for either? +So as guy with a background in Tech, I have realised that Forex has many similarities. Forex is not that hard, it's just that people are never told much about it. + +* Back in the day, we techs would have all kinds of keyboard and mouse tricks to do things quickly, and to impress people who were looking. But we never actually told anyone how to do those things. + +Forex is the same. There are tricks to trading that traders don't tell anyone. + +* Most people who became good with computers either studied it, or dabbled with it for hundreds or thousands of hours, and yet some would still fail. + +Comparatively, this is the same way that people learn and also fail to learn Forex. + +* They say that 90% of people who trade Forex will fail. + +Have you seen how adept the average computer user is at using a computer or fixing it's problems? Not very much. This is the same with Forex. + +* New hardware and software gets released every few years. This changes the way we operate with computers. Some of the old things work, but not always in the best way. + +With forex, the market changes and new strategies are developed too. While the old strategies work, sometimes there are better ones available. + +* Often computer problems come up and there is no logical explanations for why it happened. And textbook knowledge don't offer any advise in solving it. + +In Forex people are often lost on how to trade, and their theories and strategies don't work. + +* With tech, people often hear about a program or device that can do fantastic things. But they know nothing about actually using those programs and devices. They get them anyway, and end up being confused while screwing up their computer. + +In Forex, people hear about a way to make money. They don't actually know anything about it. They do it anyway, and then they actually lose money. + +*I could go on, but you probably get the idea now. My point is that Forex is not impossible. Most people just can't do it because they* have no education or skill in it. That doesn't mean it's impossible to do. However, it is hard and frustrating. Personally I find it much easier than IT though. +I've been trading for about 5 years on and off and absolutely love it, but I've got to be honest, I've never really learned about risk and took it to heart so I never could make a living out of it. I've got a great win rate and believe in my strategies. + +Two mondays ago, I put 1000 into an account. +The most recent Monday, my account was as high as 140k + +I gambled on the open after the huge gap and I'm back down to my measly 1000. + +I've promised myself to use better risk management and trade sane lot sizes. I may never get wildly rich, but hopefully this time next year, I can say that I have more money than I do now. + + +Thanks for listening! +This is just of course a rough calculation. + +According to DRSbot, there are 1,720,934 shares locked. BY ONLY 10889 apes. Thats \~4.5 of the free float.This is incredibly bullish! + +Just a quick math: + +The free float is 38,531,463. Roughly 4.5% is locked only by 10889 apes. Superstonk has 730k members. Not everyone posting their DRS-d shares, not everyone got their mail yet (euroapes), and not everyone is on Superstonk. + +Assuming every 3rd person on Superstonk is real (the others are shills/bots/whatsoever) that gives us 200k shareholder apes in superstonk. + +Assuming every second person is DRS-ing, that is 19228607 shares DRS-ed, which is 49.9% of the free float. + +You see why is it important to stop being a bystander? We need Everyone, not only every second person to reach 100%. + +&#x200B; + +Edit: I realized that I didn't post this yet, so here I go with my small contribution. LFG!! + +https://preview.redd.it/7k1blyiy54f81.jpg?width=3984&format=pjpg&auto=webp&s=bd6d1831c069fb800382a360c5a3641396439641 +Living rent free with no expenses other than fuel/maintenance for my car. Looking to pay off my loan ASAP by dumping my savings in now and then hopefully pay it off in full by the end of the year. + +Asking if I'm making the right decision or if I'm better off investing my money elsewhere and paying minimal repayments. + +Expected salary is around £45,000 when I'm chartered (6/7 years) peaking around £60,000. (15+ years) + +Appreciate the help! +The Nasdaq is down 33% right now, so I was thinking of buying some Calls with a 6 month expiration with a strike price 7% higher. To me it seems like a pretty safe bet that the nasdaq will rise 7% after being so extremely low right now 6 months from now. What am I missing? Would the premiumbe really high or what? +The hype about the furry little digipets is surely nice. But I can't even withdraw ether from etherdelta. I've tried 1, 4, 10, 15 and 20 Gwei by now, and no tx went through. Even my breeding will have to wait for now. + +How much do I need to spend?! If it is anything close to a btc fee, I'll be depressed. + +EDIT: I mean am I the only one experiencing this? +Has anyone noticed a decline in nearly all food type businesses? Whether it be coles/wooles 1/4, 1/2 etc roast chickens looking like shrivelled up prunes, KFC's wicked wings looking closer and closer to popcorn chicken by the day, or restaurants reducing portion size or ingredients used. + +I realised this post lockdown (melbourne) but still during covid, where we all had to produce vaccine passes, wear masks, and sit as socially distanced tables, my partner and i visited our favourite restaurants due to being starved of the experience. It seemed like cheaper ingredients were substituted in, or the sushi roll that was once 6 pieces was now 4, etc. It made sense due to it being hospitality and being immensely impacted due to covid. + +Now it just seems across the board though, any food business is cutting corners, take away containers that used to be bursting are now 3/4 full, menu items are the same price but substitute cheaper ingredients in, it seems food business is scraping the barrel to provide pre-pandemic product at price levels matching inflation. + +What's everyones experience lately as I don't know if going mad or this is an early sign of economic times to follow. +Two weeks ago life was simple. I could go to the grocery store and pick out whatever I wanted without looking at the price tag. I could peruse a department store for new heels that matched my new dress guilt free. I could even cover a large and unexpected card repair without a single negative emotion entering the equation. I was making plenty of money for a young single adult to live on, and I was comfortable and carefree. + +And then I wasn’t. All it took was one email with one simple message, “You are being laid off” to cause my heart to feel like it dropped through my feet and my brain to run amok with the thought of “Oh Sh*t.” But the panic was brief, and thanks to a number of years on this sub (obviously not on this throwaway account ) I was well prepared for the moment. + +The first thing I did was to check my financial status and was thrilled to find that by having money get auto deducted from my paid check for an emergency fund, I had managed to save over 6 months of expenses in just a few years! It also helped that I spent my late teens/early 20s on this site and learned to keep lifestyle inflation in check while my income grew. + +The second thing I did was file for unemployment. I was getting no severance and was not owed any vacation. This sub convinced me that taking unemployment was not something to be ashamed of. I earned it. + +The third thing I did was apply to jobs. I am still on this third step, but am happy to report that I am nearly as comfortable and carefree as I was two weeks ago. I know I have the means to support myself for quite some time and can take the time to apply to cool sounding jobs, take hikes in the mountains (The trees are so colorful this time of year!) and enjoy a nice respite from the 9-5 grind. + +So, thank you. Your discussions, questions, and advice on this sub over the past few years led me to having financial security when I needed it the most. + +Posting for visibility, as it's a fantastic interpretation of the [short volume for IXG that I posted earlier today.](https://www.reddit.com/r/Superstonk/comments/mr1gho/95_short_volume_the_past_3_days_on_millions_of/?utm_source=share&utm_medium=web2x&context=3) + +Credits to u/choompop for writing the DD below! Link to his post: [https://www.reddit.com/r/GME/comments/mr6pz6/world\_war\_whale\_explanation\_of\_95\_short\_volume/](https://www.reddit.com/r/GME/comments/mr6pz6/world_war_whale_explanation_of_95_short_volume/) + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**APES, I have GREAT news, but the data may be deceiving.** + +I initially [commented](https://www.reddit.com/r/Superstonk/comments/mr1gho/95_short_volume_the_past_3_days_on_millions_of/gujz813/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) on [this post](https://www.reddit.com/r/Superstonk/comments/mr1gho/95_short_volume_the_past_3_days_on_millions_of/?utm_source=share&utm_medium=web2x&context=3), but I decided to make a post for visibility purposes. + +**There are long whales in a massive battle for control. $GME seems to be the battle ground, and we may have passed a threshold that shows our tendies are coming (shorts are fuk).** + +Here are the three main points: + +**PART 1 - IXG HOLDINGS & INSANE SHORT VOLUME** + +IXG (iShares Global Financials ETF) has an insane short volume in the past few days as you can see in [u/friedmice](https://www.reddit.com/u/friedmice/)'s post. + +[Credit to u/friedmice](https://preview.redd.it/2cscljukb9t61.png?width=1678&format=png&auto=webp&s=95f59484baee319ca615e44eae7d0b502d50201d) + +IXG is an ETF for major **bank stocks**, including: + +Berkshire Hathaway, **JPMorgan Chase & Co**, **Bank of America**, AIA Group, Wells Fargo, Citigroup HSBC Holdings, Royal Bank of Canada, **Morgan Stanley**, Commonwealth Bank of America + +*Twist:* **The 2nd largest institutional owner of JPMorgan is Black Rock Inc. with 192 million shares. The 3rd largest institutional owner of Bank of America is Black Rock Inc. with 509 million shares.** + +I will explain the significance of JPMorgan, Morgan Stanley, and Bank of America in part 3 (Team Rocket). + +**🚀🚨IXG is ‘an exchange traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors.’** + +Believe it or not, the huge red candles are most likely a bullish indicator, not a bearish one. + +So, why is the short volume so high on IXG? + +**PART 2 - SHORT VOLUME =/= SHORT INTEREST** + +**Apes don't like shorts.** Keep in mind, however, that short interest and short volume are two different things. + +**Short interest** is the number of shares that have been sold short but have not yet been covered or closed out (**Melvin**). This is when an institution is betting the price of a stock will go down. + +**Short volume** is measured from the perspective of the **Market Maker**. + +**THE SHORT VOLUME COMES FROM MARKET MAKERS SELLING BORROWED STOCKS TO DELIVER SHARES TO EAGER BUYERS** + +If many people want to purchase IXG shares while no one is selling, the Market Makers will borrow the shares to increase liquidity in the market. **This is not them betting on the price to go down, this is the MM providing liquidity which they are required to do by law.** + +The short volume being so high indicates that the only people willing to sell shares of that ETF are the the market makers. This is an indication of what big money sees as a safe haven. + +\****KEEP IN MIND: GME SHORT INTEREST IS WELL OVER 100% (POSSIBLY MUCH HIGHER). DON'T GET TOO CONFUSED TRYING TO UNDERSTAND THE DIFFERENCE BETWEEN SHORT VOLUME AND INTEREST.*** + +So, why is it important that IXG may be speculated to be a "Safe Haven" + +**PART 3 - WORLD WAR WHALE** + +**There is a Financial War over control of the DTCC (JPMorgan/Black Rock vs. Citadel)** + +To preface, I am building off of DD researched by [u/yosaso](https://www.reddit.com/u/yosaso/). The thesis from [“There is a WAR to control the DTCC and GME is the BATTLEGROUND: Citadel & Co VS JPM/BOA & Co”](https://www.reddit.com/r/Superstonk/comments/mouj57/there_is_a_war_to_control_the_dtcc_and_gme_is_the/?utm_source=share&utm_medium=web2x&context=3) is that there is an **ongoing war between the whales for control over the DTCC**. If you haven't read that yet, I highly encourage you to do so. + +**There is currently a STOCK ALLOCATION for the DTCC BOARD.** The fat cats are battling for control. + +“Makeup of DTCC Board: + +JP Morgan - 4 + +BOA - 3 + +Citadel - 3 + +Morgan Stanley - 2 + +BNY Mellon - 2 + +Virtu - 2 + +Goldman Sachs - 1 + +Citi - 1 + +State Street - 1 + +UBS - 1 + +**TEAM ROCKET (GME)** + +JP Morgan, BOA, Morgan Stanley, State Street, Goldman Sachs - 11 + +**TEAM SUCK BALLS UNTIL YOU CHOKE** + +Citadel, Virtu, Citi, UBS - 7 + +**TEAM UNKNOWN** + +BNY Mellon - 2 + +"My guess is that TEAM ROCKET (GME) is in control. They're pushing these new rules and regulations. BUT, TEAM SUCK BALLS UNTIL YOU CHOKE is trying to gain more power and influence in the DTCC.” + +*Disclaimer: Some of these positions are speculative. There is no way to know where these institutions truly want moon or doom (aside from Shitadel of course)* + +—————————————————————— + +**WHAT DOES THIS MEAN?** + +**Black Rock, Vanguard, and Morgan Stanley are large institutional investors in $GME. Black Rock also holds high positions in JPMorgan and Bank of America.** + +**Shitadel desperately wants $GME to fail. They are in a battle against other whales for control of the DTCC and future of our financial markets.** + +**The immense buying pressure on IXG (which holds Banks that are on Team Rocket) could point to a shift in the Battle of the Whales.** + +Big money may be investing large sums of cash and holding as a hedge against other financial institutions collapsing. + +**>GameStop clears debt and approaches possible recall/dividend** + +\>**Citadel, Melvin, shorts on GME get fuk** + +**>JPMorgan, BoA, Black Rock collect their scalps and seats on the Board of the DTCC** + +**If these large financial institutions are trying to end Citadel and Susquehanna, it is not to benefit us. They want to kill competition and seize power. We are an externality.** + +Keep in mind, DD covering the financial institutional battle is somewhat speculative. It is hard to interpret motives of large financial institutions, especially ones that thrive in misinformation. + +Not financial advice. + +**If you're interested in researching the World War Whale, I encourage you to read these posts:** + +1. [BlackRock Bagholders, Inc.](https://www.reddit.com/r/GME/comments/m7o7iy/blackrock_bagholders_inc/?utm_source=share&utm_medium=web2x&context=3) +2. [CHAOS THEORY - The EVERYTHING Connection](https://www.reddit.com/r/Superstonk/comments/moswde/chaos_theory_the_everything_connection_reposted/?utm_source=share&utm_medium=web2x&context=3) +3. [Why Is The DTCC Taking So Long To Act?](https://www.reddit.com/r/Superstonk/comments/mmh9jq/why_is_the_dtcc_taking_so_long_to_act_when_moon/?utm_source=share&utm_medium=web2x&context=3) +4. [There is a WAR to control the DTCC and GME is the BATTLEGROUND: Citadel & Co VS JPM/BOA & Co](https://www.reddit.com/r/Superstonk/comments/mouj57/there_is_a_war_to_control_the_dtcc_and_gme_is_the/?utm_source=share&utm_medium=web2x&context=3) +5. [BlackRock is about to delete Shitadel out of existence.](https://www.reddit.com/r/Superstonk/comments/mp7zbn/blackrock_is_about_to_delete_shitadel_out_of/?utm_source=share&utm_medium=web2x&context=3) +6. [Financial mafias and equity swaps – and how one prime broker rules them all 👁️](https://www.reddit.com/r/Superstonk/comments/mqwyg3/financial_mafias_and_equity_swaps_and_how_one/?utm_source=share&utm_medium=web2x&context=3) + +**TL;DR** + +**We may be witnessing the biggest financial battle in history. The current market behaviors of IXG may be an indicator that Team Rocket (GME) is winning.** + +**IXG is an ETF with holdings of JPMorgan, Bank of America, and Morgan Stanley, who all have a vested interest in the demise of Shitadel in order to gain power and influence.** + +**High short volume on IXG is indicative of large buying pressure and few sellers. Market makers must borrow and sell the stock to appease buyers.** + +**Current trends suggest Big Money wants to back their money with Team Rocket.** + +**TA;DR 🚀🚀🚀🚀🚀🦍🦍🦍** +A year has passed since my [original post](https://old.reddit.com/r/investing/comments/97qwgr/my_first_attempt_at_stock_picking_an_experience/) and I thought that I would give you guys an update on how my stock picks are doing (*spoiler alert*: not great, to say the least) + +If you can't be bothered to read the original post, I decided to invest 8% of my NW in 8 small cap stocks (1% each) in April/May 2018 to evaluate my skills at stock picking. + +Here is how my picks performed: + +* $MNK (pharmaceutical company) has been a roller-coaster. After buying at $16, it went up to $34 last year. I was fairly certain that it would go to book value (around $40) and above but... it tanked to $2 mostly due to the legal battle on the opioid crisis. They may have to pay billions in settlement for this so they might go chapter 11. + +* $AAOI (makes and sells fiber optics) has been similar but less extreme. Bought at $32, went to $46 and then tanked to $10, mostly due to a quality issue of one of their product and a general mistrust of the management. It will probably get back up but it might take a long time... + +* $HX (chinese peer-to-peer lending company) is the type of roller-coaster that only goes down... Bought at $11. It trades at $1.5 now. Legislation of peer-to-peer lending in China is not as loose at it used to so it forced the company to stop all activities to comply with requirements. It's back in business now but not to the level it used to. It's profitable with no debt so it will get back up at some point but, again, it might take some time... + +I consider these 3 as "lost". I won't sell until next year, because I told myself that I wouldn't sell before at least 2 years but yeah... it's not going x10 any time soon. + +* $LCII (sells RVs parts and accessories). Bought at $89. Oscillated between $65 and $95. Trades at $85 today. Solid company with lots of headwind in the RV space at the moment. They diversify by acquiring companies selling marine components and accessories. It will probably stay at this level or modestly appraise but no huge growth to be expected. + +* $COHR (makes and sells lasers and optical devices). Similar to LCII in terms of patterns. Bought at $169. Oscillated between $95 and $185. Trades at $163 at the moment. + +* $ICHR (makes and sells gas and chemical subsystems for the semiconductor industry). Bought at $22. Oscillated between $14 and $27. Trades at $23 at the moment. They went down on the concerns regarding the end of cycle in the semi-conductor industry. They also seem very sensitive to trade war announcements. + +* $RDUS (biotech company) Bought at $29. They went as low as $13. Now they are back at $28. + +* $RBCN (US sapphire producer). This one has been the most stable. Bought around $8. Oscillated between $7 and $10 and $8.5 now. It seems like they are completely changing their business as they just invested in a drug delivery company (!?!?). But they are still trading below cash level so I guess I'm holding for now... + +So... I guess that it has been established that I am a terrible stock picker. I'm not very surprised, since this is the experience of most people who try to pick individual stocks. Of course, I was secretly hoping to be the next Warren Buffett, but rationally, I knew that it was unlikely to be the case. + +I have lost around 40% of my initial investment (compared to the S&P500 being up around 11%). I'm glad that I stuck to my principles and didn't buy more shares, even if I was (and still am) sometimes tempted to. For the same reason, I won't sell any stock before April 2020, because I decided to give this experiment at least 2 years to develop. This has been very educational for me in the sense that every time I think buying a stock is a good idea, I remember those 8 stocks which I thought were good ideas as well... I don't regret doing it because sometimes you need hard (and expensive) evidence to be convinced of something and I guess that I'm more or less convinced now :) + +I will post a final update next year to conclude this experience. + +**EDIT:** The main thing I didn't consider was the percentage of shorts. Some stocks were (and still are) very heavily shorted. It should have been a hint but I wasn't aware that it had such a large impact on the stock price... + +**TL;DR: don't buy obscure small cap stocks unless you want to subscribe to a costly education program.** +Good morning all! + +I have kind of a big question. Warren Buffet has been predicting a "terrible market crash" for a while now. In light of that, I'm wondering if there's anyone who was able to get ahead of the crash in March 2020. Were there indicators that encouraged you to put in your stops in time? Some have mentioned Donchain Channels as a good one. Was it more reactionary? What if it's just a red day/week? + +Thanks for your input! +i've been thinking and reading about this a lot lately. it seems the fed is stuck between a rock and a hard place - they can't raise rates too much, because the government won't be able to carry the interest on the debt. on the other hand, if inflation stays at \~8% or gets even worse, we will start to see some serious societal issues as people are unable to afford basic necessities like gas or food. + +as an investor, the fed's actions in the next few months are huge. tech is already in a bear market (nasdaq down 20% from ATH) and it looks like the s&p is about to follow (down 11% from ATH). why are these markets correcting now? is it smart money getting out early and moving into hard assets in anticipation of a crash? + +anyone have any predictions for fed policy moving forward? i know they said they would raise rates a bit but it won't be enough to stop the inflation we're seeing (volcker had to raise to something like 20% back in the 70's to get control - that is obviously not going to happen today). +Something like bitcoin had that got a lot of attention, mix that in with all the media attention over the DAO, it might actually go to the moon. + +We could even fund someone to do it, need it in next two weeks to maximize the effect. + + +Yes, DRS. Got it. Done it. But it seems like GameStop should be able to tell DTCC that they handled this splividend incorrectly, violating their clear instructions. It seems pretty cut and dried. +Anyone have any clear answers about GameStop’s leverage in this situation? +Southern California incase that helps. + +So quick story, my 28 week pregnant wife died almost 2 years ago, an emergency C-section was done. The baby was not doing well and he had to be transported to a children’s hospital 100 miles away by helicopter due to the more advanced ventilators they had. + +I got billed for 75k, which my insurance company paid 35k of so now the transportation company is coming after me for the remaining balance. + +Talking to my insurance company, they said 35k is the average cost and what they billed was ridiculous compared to what other medical helicopter transports charge. They agreed to dispute the charges on my behalf. + +Today I received a call from the a collection agency telling me that negotiations fell apart as they would not accept my insurance companies offer of $3,000 to settle the remaining charges. + +I’m at a loss on what to try next, obviously going from a 2 income home to a 1 income home has taken a great deal of stretching and cutting to a point that a 40,000 payment plan wouldn’t be possible. + +I never had to deal with a collection agency before so I don’t know what they can or can’t do. I’m guessing they would take me to court if I gave them the middle finger? And I’ve heard they’ll settle for way less than the initial bill just because some money is better than no money. + +Can anyone point me in the right direction where to go from here? Can’t afford a payment plan, maybe a lump sum of around 6k when I get my tax return in January + +PS. My son is a champ and overcame all his initial problems when he was born. Happy and healthy to this day! Shoutout to Valley Children’s Hospital in Madeira. +It seems like the most monolithic disaster lurking in plain sight but almost nobody is changing their activities for it. The 2008 meltdown lost nowhere near the amount of money that this amount of debt must eventually pull out of the US economy. + +edit: Thanks for the responses. I've gained some clarity from some of you. +https://stocks.apple.com/AUAwVZVNpRGevheV6PHfQjA + +Can someone ELI5: +But as central banks such as the Federal Reserve engage in one of the biggest interest-rate-hike campaigns in decades, demand for U.S. government bonds already in circulation has fallen in part because most of that debt carries lower interest rates than the bonds being issued today. That could mean a glut of cheap, low-yielding debt with few buyers. +There’s been no emergency thus far, but the market for Treasury bonds is drawing increased attention out of concern that as liquidity dries up across the globe, there may at some point not be enough buyers of debt issued by the U.S. government. +... +“If we were to have a buyers’ strike, or a failed series of Treasury auctions, + + +I don't understand this. The first part, is this like the price of bonds in the secondary going to zero? (I'm [probably] exaggerating because the yield would then be infinite.) And (second part) if rates are going up, how would you have failed treasury auctions? I would think that people (or countries, if we're talking on the massive scale) would be buying these, since these are new issues (as opposed to buying on the secondary market ones issued a year ago ). + +More questions I don't even know how to articulate. +I took a long absence from reddit and recently returned. + +Last time I was here the general consensus was bullish for AQN. + +About 7% of my portfolio is tied in at an average of around $19. + +Are people on here optimistic for it's future? I heard they had a deal with a kentucky producer that seems to keep its price low nowadays. + +Thoughts on AQN? +[*^(https://i.redd.it/a250arziu9m81.jpeg)*](https://i.redd.it/a250arziu9m81.jpeg) + +* **DIRECT LINK TO ASSHAT'S LATEST TWEET IN RC'S THREAD:** + * [https://twitter.com/AlderLaneEggs/status/1502411698400989184](https://twitter.com/AlderLaneEggs/status/1502411698400989184) + +&#x200B; + +**Now I have to go dig up all the bullshit Marc said to Superstonk back in spring/summer last year about how he couldn't say anything because he was under NDA for a big documentary/movie.** + +# EDIT: Running list of Marc Cohodes' bullshit, in no particular order: + +&#x200B; + +* **POST #1:** + * [https://www.reddit.com/r/Superstonk/comments/pl57h7/the\_last\_time\_marc\_cohodes\_was\_going\_to\_do\_an\_ama/](https://www.reddit.com/r/Superstonk/comments/pl57h7/the_last_time_marc_cohodes_was_going_to_do_an_ama/) + * **He made a documentary SPONSORED BY CITADEL** + * He refused to let mods verify inside information he claimed to have beforehand + * Blocked mods when the AMA offer was revoked + * Appeared on Warden’s stream when Warden was banned for shill behavior + * Warden then used his new "connection" in an attempt to convince us all he had the real info and we were all morons +* **POST #2:** + * [https://www.reddit.com/r/Superstonk/comments/ne6tmq/its\_a\_dead\_topic\_at\_this\_point\_but\_to\_anyone/](https://www.reddit.com/r/Superstonk/comments/ne6tmq/its_a_dead_topic_at_this_point_but_to_anyone/) + * Company had to sue Marc to try to stop his shorts and lies! Sounds exactly like what we are fighting +* **POST #3:** + * [https://www.reddit.com/r/Superstonk/comments/o9won7/months\_after\_marc\_cohodes\_tried\_to\_infiltrate\_and/](https://www.reddit.com/r/Superstonk/comments/o9won7/months_after_marc_cohodes_tried_to_infiltrate_and/) + * Months after Marc Cohodes tried to infiltrate and do a forced AMA he releases that one of his partners in his new venture is Citadel… +* **POST #4:** + * [https://www.reddit.com/r/Superstonk/comments/nd5fe8/to\_everyone\_doubting\_marc\_cohodes\_is\_a\_shill\_here/](https://www.reddit.com/r/Superstonk/comments/nd5fe8/to_everyone_doubting_marc_cohodes_is_a_shill_here/) + * Marc Cohodes believes GME price is manipulated UP by longs trapping shorts, not manipulated down by shorts +* *POSSIBLY ADDING MORE...* + +&#x200B; + +https://preview.redd.it/twkd2e2cd8m81.png?width=1125&format=png&auto=webp&s=0f5d9f26949302bc62ef80b8561e3d4700de529c + +&#x200B; + +***HIS CORE STRATEGY: GRIFTING*** + +https://preview.redd.it/x1xfh4o8u8m81.png?width=810&format=png&auto=webp&s=daa60b2a1bafd013196f072c0e170733739c3b8b +Robert Shiller vs. Burton Malkiel + +[https://www.pairagraph.com/dialogue/c93c449006c344ce94e6e2e8fbe7aba3](https://www.pairagraph.com/dialogue/c93c449006c344ce94e6e2e8fbe7aba3) +[https://www.wsj.com/articles/wsj-survey-majority-of-economists-say-manufacturing-sector-in-recession-11570716000?mod=hp\_listb\_pos2](https://www.wsj.com/articles/wsj-survey-majority-of-economists-say-manufacturing-sector-in-recession-11570716000?mod=hp_listb_pos2) + +Oct. 10, 2019 10:00 am ET + +U.S. manufacturing is in recession, two-thirds of economic forecasters said in a survey, and overall growth in the second half of 2019 is expected to further slow. + +In a Wall Street Journal economic survey conducted in recent days, 65.3% of private-sector forecasters said the manufacturing sector was in recession, or two or more consecutive quarters of contraction. + +Forecasters’ estimates for economic growth in the second half of 2019 also ticked lower, with U.S. economic output to grow, on average, at a 1.82% pace in the third quarter and a 1.77% rate in the fourth quarter. Those figures are down from a September survey predicting 1.92% and 1.81% growth rates, respectively. + +Respondents largely cited the uncertain trade picture, weak global growth and U.S. political developments in their comments on the economic outlook. + +“It’s a laundry list of ‘shocks’ that are coming one after the other: global growth hiccups, Boeing Max fiasco, IPO market fizzle, GM strike, election cycle swoon and getting compounded by the impeachment drama,” said Georgia State University economist Rajeev Dhawan. + +He is among the 55 economists the Journal surveyed from Oct. 4 to Oct. 8, although not every respondent answered every question. + +U.S. Worker Demand Softened Over the Summer + +Manufacturing data is closely watched not just for what it says about factories, but for the signal it sends about demand in the wider economy. U.S. factory activity contracted for the second straight month in September and hit a 10-year low, the Institute for Supply Management reported earlier this month. + +New orders for durable goods—products designed to last at least three years, such as computers and machinery—were down 4.2% in August from a year earlier, the Commerce Department said last month. + +Manufacturing data is closely watched not just for what it says about factories, but for the signal it sends about demand in the wider economy. PHOTO: SCOTT OLSON/GETTY IMAGES + +“But factory employment is still among the highest we’ve seen in more than a decade, so it’s premature to say it is in recession,” said Bernard Baumohl, chief global economist at the Economic Outlook Group, in the survey. + +Chad Moutray, the National Association of Manufacturers’ chief economist, said manufacturing business leaders are pushing for greater certainty on trade, including a reworked trade agreement with Mexico and Canada and a bilateral trade agreement with China. + +Manufacturing makes up a relatively small slice of GDP, accounting for about 11% of total output and about 10% of total private employment. A contraction in the sector doesn’t necessarily mean the 10-year-old expansion is about to end. +Hi All, + +Find myself in 12k debt due to a new property, currently have £1400 in bank account, 12k on multiple credit cards, no interest yet with the below breakdown + +- Amex - 2000 bill due mid June +- Halifax - £1680 bill due mid June +- sainsburys 24 months 0% card 2 months in - £5525 +- hitachi 0% finance - 17 months 0% 1 month in with £1800 left + +I currently earn £2700 a month after tax with £1700 of outgoings excluding the above. I save an additional £500 a month and use the remaining £500 for expenditure. + +What’s the best way to use the 10k to offset the above, I’m a bit confused on the best way to pay things off, I was thinking to offset the Amex, Halifax and hitachi finance with 2k left on the 0% card. Also in parallel with the £4/500 I save to gradually build up my emergency fund and pay off the remaining 2k on the 0% card, I have some travelling to do this year which will probably cost another 2000 at some point. + +Edit: just an additional bit I missed out, all the debt hasn’t been amassed by me, it’s due to a family holiday where we put around 5k on a card, my mum said that she will pay for it once money was transferred over from a different country which has happened now. Also the money for the debt was due to my parents helping me out with a few issues from the start of having a property, sorry if I missed this info out. The holiday is due to a wedding I need to go to also for a close friend. +I had a goal to save enough money to buy a small sailboat to live on ($10k - $20k). I wasn't making good money and I lived in an expensive city, so every little thing I could do to save I did. I also have adult ADD, which makes everything a little harder and it's caused me problems in the past. Combined, it's a recipe for poverty finance. + + I'm posting this from the cockpit of said sailboat just a couple months shy of three years later. Anyone can accomplish a reasonable goal if I can. + +1) Cook at home, bring lunch, never eat out (giggidy) and have a meal plan. + +2) Eat a banana or two before each meal. They are cheap and filling and I eat less of the more expensive food. + +3) Bulk Foods, my favorite is WinCo. Buy it, break it up, freeze it, store it, and budget it from a meal plan. + +4) Goodwill, Thrift Stores, eBay, Craigslist. Used everything but underwear, socks & food. + +5) Generic everything except shoes. Cheap shoes aren't a bargain and after a day my dogs are barking. + +6) Coupons. Seriously they don't get enough credit. Write a letter to the companies that you purchase products from and ask for coupons. Send a short letter about you goals and just ask. Sunday paper left at work, bus stop, laundry mat, nobody takes the coupons. + +7) Stopped going out with friends. This was the hardest one for me and on me. I miss(ed) them but I wanted my goals more than The Bar or Bad Decisions Friday. + +8) Cut The Cord. No cable, just Internet. No streaming services, but I did have News Groups for $10/m). + +9) Built a budget and stuck to it, and paid all bills on time. No late charges. + +10) Paid cash for every thing I could. I can't remember where I read it but I remember the article saying it psychologically 'hurts' more to pay cash than to just swipe the card. After two months I saw an almost 7% savings in my outflow than the previous two months on the card with no other noticable changes or quality of life. + +11) Got rid of my car and associated expenses. One employer provided a Metro card free of charge for two years. I used the travel time to read on my Kindle, shit surf or listen to music. That was $175/m insurance and $225/m parking saved, not to mention fuel. It took some getting use to but tremendous savings were to be had, so I did it. + +12) I created a SCRUM(ish)/ToDo wall in my hallway with Post-it notes that I HAD to walk by every day. It was a visual representation of The Goal and all of the jobs that had to be completed in order to get there. It's way easier to concentrate on small jobs than get overwhelmed by the massiveness of it. + Putting a job into the Done column gives you a rewarding feeling, I shit you not. + +13) *This* is the single most important thing I did. + +I opened a separate savings account from my main bank at a Credit Union who had a branch right around the corner from my apartment. I made it very clear that I wanted a Savings account, not tied to or bundled with any other type of account AND I wanted an ATM ONLY card without the Visa, Or MC. + +At my Direct Deposit bank going by my budget, my Scrum wall and any unforeseen expenses that week (cat vet, something broke etc) and retrieved that amount in cash. I would also retrieve the amount going into savings at the Credit Union that pay cheque and then walk from the DD ATM to the CU ATM and deposit it. That way the money was 'real' to me. I had seen and held it, it was mine and I could do whatever the fuck I wanted to. I *chose* to deposit it. Some good feelings there, I can't overstate this enough. + Then I would take that week's printout and put it on the fridge. + +14) Only take as much cash with me in the morning that I needed for the day, leave the cards at home. I kept an emergency $50 in the wallet so I knew no matter where I was in the city or outskirts I could make it home. Never touched it. + +I found having a goal driven life was very important for me. It took me three long ass years, but now I have my boat, it's small, and it needs a little work, but she's mine and I own her outright. She's capable of taking me to see the world (except the poles) and that's no joke. + +That's the new wall I'm working on now 'See the world, one anchorage and port at a time' wall. + +I hope this can help you on your goal(s) too. It was a tremendous success for me personally. I know there are a few things I could have done to optimize this or do differently, but this is what actually worked for me IRL. + +Sorry for any bad formatting, I'm on mobile. +[edit for spelling] + +[2nd edit] + +Reddit hugged my website to death, so I've upped my service to bring it back online, so another $10/m I didn't count on, but have a slush fund in which to draw from. - Love you guys. +So on 12/1 Cloudflare (NET) had a big red day, and I sold, what I thought were 10 Cash-Secured Puts (Stupid I know) for 1/21 140 strike. I am 34 grand in the hole already, and NLV is \~22,400 after today. I also just realized, that these puts are not cash-secured and I won't be able to take assignment on these. Really didn't expect Cloudflare to go down this much. What are my options in this position? I've had to BTC two contracts to avoid margin call already. When will this stock come back? +If you can’t handle the 50% dump you don’t deserve the 500% pump… + +Words (insert eg x% )that was used years ago as the go to for panic posts- + +Since we are seeing a bit of volatility today and I’m starting to see panic posts some words from veterans here from years ago to keep the chin up and HODL strong. + +The market tend to have a bullwhip effect vs normal stock market nowadays so any move is exponentially larger. Part of the risk and excitement of being in the crypt. If you haven’t been here long (most people here have got into the crypt the last 4 months) this is part of the game and likely will be for a time. This is good as this also gives the gainz over time more than traditional markets. + +The market is more mature than years gone by but the volatility is still there albeit less pronounced eg 80% drop in 2hrs - keep it simple (dont over trade)and HODL in what you believe in and may the gwei be with you…. + +PS this is something that has been part of crypto since the early days that hardens one to a new level of apathy and diamond hands the real test comes in when suicide lines come in at the post 30% drops to 80% drops. Again only have skin in the game in what you believe and make sure it’s quality bags! + This isn’t a new stance for the 97-year-old vice chairman of Berkshire Hathaway. In May, during a Q&A session at Berkshire’s annual shareholder meeting, Munger said that [his dislike for bitcoin increased](https://www.cnbc.com/2021/05/01/charlie-munger-calls-bitcoin-disgusting-and-contrary-to-the-interests-of-civilization.html) amid the Covid-19 pandemic. + +“Of course [I hate the bitcoin success](https://www.cnbc.com/2021/05/01/charlie-munger-calls-bitcoin-disgusting-and-contrary-to-the-interests-of-civilization.html),” he said. “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.” + +“I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization,” Munger added. +[https://www.cnbc.com/2021/12/03/charlie-munger-wishes-cryptocurrency-didnt-exist-admires-chinas-ban.html](https://www.cnbc.com/2021/12/03/charlie-munger-wishes-cryptocurrency-didnt-exist-admires-chinas-ban.html) +A few years ago I decided to get my act together in order to build a solid emergency fund (6 months) and the bare minimum house deposit in order to secure my first property (5% on HTB). + +At the time it seemed like an impossible dream, there were months where I just about got by with hitting my savings targets and others where I fell largely short. I have however made it though and looking back, I now realise how draining this was on my mental health with work and saving money always at the front of my mind. + +Even though I have now reached my savings goals after many years of slogging away I feel like this is just a drop in the ocean. I'm worried that in reality this cycle will never stop, with the burden of a lifetime of mortgage payments, constent worry that my emergency fund won't be enough and feeling guilty for every bit I spend when I should be saving more. + +Does anyone else feel the same? Is there a point in time where you stopped worrying about the constent fear of not having enough put away for a rainy day or the fact that you have the burden of paying back a mortgage until you reach retirement? This is probably just the reality of life however I do find it difficult to deal with at the moment. +Cross-posted from r/personalfinance + +I just found out that I've inherited 100% of my mom's retirement account (401k rolled into traditional IRA). I'm much older than all my siblings, so I think she just never got around to changing the beneficiaries. Being the awesome person I am, I want to evenly split the money with my siblings. + +The group holding the account said that I need to create an inherited IRA, and that it wasn't possible for all of us to create separate ones and have money dispersed evenly. + +They also noted that any money that I withdrew would be considered income, even if I immediately gave it to my siblings. + +I'm in a higher tax bracket than they are (barely), and I'm fairly close to a large jump into a much higher one. + +Does anyone have advice on how to split this without me having to bear the taxation brunt? +ATH is $2,940.91, minus 20% is $2,352.73. S&P500 closed at $2,351.25. + +The most recent bull charging so long was starting to make me uncomfortable. Of course no one welcomes a downturn, but still. Gotta rip the bandaid off at some point. + +Also, this is an official reminder to not panic sell! + +Happy holidays =) + +Hi folks, + +New investor here, researching out-of-state multifamily for a buy-and-hold strategy. + +I have enough starting cash that I have a choice: + +I can buy 1 property that is larger, has more units or bedrooms, is in an A or B quality neighborhood, is in better condition, and is in a city or neighborhood where values are currently appreciating. + +Or, I can buy 2 or 3 properties that are smaller, B or C neighborhoods, might need more rehab, and are located in a city or neighborhood where the market is more stagnant. + +How do I weigh this decision? + +Thanks! +I'm looking at buying 20-40 acres in rural Ontario, Canada. I was wondering if it's good to just keep in your portfolio as an asset or if it is lucrative to add some lodging and offer it as a hunting camp? + +This idea is new but I want to add some land to my portfolio and the price seems to be right. Or would this just be me buying something that would lose me money in the long run? + +What are your experiences buying rural acreage? +Hello r/CanadianInvestor, + +I’m 37 and I’m very much an amateur investor. I’ve played with the stock market a bit, but mostly I’ve held mutual funds and the like. I would like to build an investment portfolio from scratch. I have about $300-400k for the initial investment and I’ll probably try and add about $5-10k month. This will not be my primary investment for retirement so it can take on a little more risk than a ‘retirement fund’. + +At the moment I have a small dividend investment portfolio with a HELOC (Smith Manoeuvre) that I’ve started rolling. Now I would like to invest some cash that I’ve recently received from another investment. + +You’re advise would be greatly appreciated! +Good Morning Apes! + +In a move of solidarity, Fidelity has not only lowered the amount of shares to borrow from yesterdays high at 13m, they have removed an additional 1m shares this morning. They take this "very seriously"/s. + +[Fidelity shares to borrow this morning](https://preview.redd.it/fzfkizrfpx281.png?width=557&format=png&auto=webp&s=5f99cb76559d4d8e798881f2902414ed82a22ac2) + +As far as deferred settlement goes I was still unable to get a clear answer, but it seems that if they provided a written extension request by the 23rd then they could potentially be deferred till today at the latest. So if we see any significant price movement today this is likely the reason. If not, well they've had T+7 to cover any exposure diluting expected volume, and causation would be difficult to prove. + +[ https:\/\/www.finra.org\/rules-guidance\/notices\/information-notice-120120 ](https://preview.redd.it/2auvf5z6qx281.png?width=1354&format=png&auto=webp&s=e41eaa166d0fd2ec7a11e69fef06d467f09141ce) + +If this was a share recall or margin call this timeline indicates that capital deposits for that would be delayed till December 13 and a call wouldn't occur till December 16th. + +Lastly, starting tomorrow I will be looking for price improvement and volume that would indicate a potential roll of the futures contracts between December 2nd and 9th as per my DD. + +Make sure to check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +Video on my current theory... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Looks like we are now past the deferral window and can confirm that whatever exposure needed to be cover in fact covered or margin limits were failed. If someone was to present me with evidence of a dip before the rip I think it would look something like this. Misreported information, sudden appearance of large percentages of the float, SI% being reported higher than float outstanding, increased foreign arbitrage, and a massive drop in the stock price on the final day to settle that exposure. If you look at the VW squeeze this mimics a lot of the things that occurred before that fired off. Thank you all for tuning in, see you tomorrow. + +\- gherkinit + +https://preview.redd.it/uzszij0nxz281.png?width=691&format=png&auto=webp&s=f61d6dab74e64cb4f9774049be7b8d704a375b07 + +Edit 4 3:33 + +GME down to the EMA 160 right now, historically this has been a very profitable buy signal for call options and low cost stock entries. + +https://preview.redd.it/af0ggg7qrz281.png?width=1624&format=png&auto=webp&s=545454d87d95c6b6ffdf6085f750d6a4e1d9dcb4 + +Edit 3 1:28 +