diff --git "a/reddit_finance_43_250k_57.txt" "b/reddit_finance_43_250k_57.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_57.txt" @@ -0,0 +1,10000 @@ +Economists see 75 basis-point hike, then downshifting. + +Economists see the Fed as determined not to pivot too soon as it fights against an inflation rate at a 40-year high. The shift to a higher peak rate would reflect consumer-price growth, excluding food and energy, that came in hotter than expected for the past two months. The survey of 40 economists was conducted Oct. 21-26. + +“Inflation pressures remain intense and the Fed is set to hike by 75 basis points in November,” James Knightley, chief international economist at ING Groep NV, said in a survey response “We are currently forecasting a more muted 50 basis-point hike in December given a weakening economic and market backdrop,” but the risks are skewed toward a fifth 75 basis-point hike, he said. + +Fed Chair Jerome Powell has said the central bank is strongly committed to restoring price stability and he’s repeatedly invoked his predecessor, Paul Volcker, who boosted rates to unprecedented levels to counter inflation in the early 1980s. Powell has warned the process will be painful, because the goal is to engineer below-trend growth to reduce price pressures and unemployment will rise as a result. + +Subscribe +EconomicsCentral Banks +Fed Seen Aggressively Hiking to 5%, Triggering Global Recession +Survey of economists sees 75 basis-point hike, then slowing +Three-quarters say the Fed will err by doing too much +Fed Chair&nbsp;Jerome Powell&nbsp;has said the central bank is strongly committed to restoring price stability. +Fed Chair Jerome Powell has said the central bank is strongly committed to restoring price stability.Photographer: Stefani Reynolds/Bloomberg +BySteve Matthews and Kyungjin Yoo+Follow +October 28, 2022, 5:00 AM EDT +Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a US and global recession, economists surveyed by Bloomberg said. + +The Federal Open Market Committee will raise rates by 75 basis points for a fourth consecutive meeting when policymakers announce their decision at 2 p.m. in Washington Wednesday, the survey found. + +Rates are projected in the survey to rise another half point in December, then by quarter points the following two meetings. Fed forecasts released at the September meeting showed rates reaching 4.4% this year and 4.6% next year, before cuts in 2024. + +Rates Heading to 5% in 2023 +Economists see 75 basis-point hike, then downshifting + +Economists see the Fed as determined not to pivot too soon as it fights against an inflation rate at a 40-year high. The shift to a higher peak rate would reflect consumer-price growth, excluding food and energy, that came in hotter than expected for the past two months. The survey of 40 economists was conducted Oct. 21-26. + +“Inflation pressures remain intense and the Fed is set to hike by 75 basis points in November,” James Knightley, chief international economist at ING Groep NV, said in a survey response “We are currently forecasting a more muted 50 basis-point hike in December given a weakening economic and market backdrop,” but the risks are skewed toward a fifth 75 basis-point hike, he said. + +Fed Chair Jerome Powell has said the central bank is strongly committed to restoring price stability and he’s repeatedly invoked his predecessor, Paul Volcker, who boosted rates to unprecedented levels to counter inflation in the early 1980s. Powell has warned the process will be painful, because the goal is to engineer below-trend growth to reduce price pressures and unemployment will rise as a result. + +Three-Quarters of Economists Expect a US Recession +Survey shows a new consensus for a downturn in next 24 months + +Economists were asked if US would have a recession in the next 24 months. Hard landing is defined as zero or negative growth for a time but not an officially declared recession. + +Powell and his colleagues have not given up hope that they can pull off a soft landing for the economy. But for the first time in the pre-FOMC meeting surveys, a majority of the economists -- three-quarters -- see a recession as likely over the next two years, and most of the rest see a hard landing with a period of zero or negative growth ahead. + +What Bloomberg Economics Says... +“I think the most important thing to watch for is how Powell communicates the potential downshift in the pace of rate hikes. He will want to avoid giving the impression that a pivot is imminent, especially not when core inflation is clearly still going strong. He would be preparing for the markets for a 50 basis-point hike in December but which will also be accompanied with a dot plot, which shows 5% terminal rate.” + +-- Anna Wong, chief US economist + +The economists see the Fed as potentially overtightening: The median economist would set a peak target rate at 4.75%, and 75% of the economists said there’s a greater risk that the central bank will raise rates too much and cause unnecessary pain as opposed to not raising enough and failing to contain inflation. + +“Monetary-policy lags are still underestimated,” said Thomas Costerg, senior US economist at Pictet Wealth Management. “The full effect of current tightening may not be felt until mid-2023. By then, it could be too late. The risk of a policy mistake is high.” + +There could be economic spillover too to global markets, as two-thirds expect a global recession in the next two years. + +Fed Seen More Likely to Err by Doing Too Much Tightening +Three-quarters of economists say risk is tilted to overdoing it +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). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Hi all, + +Always a pleasure reading the many success stories, overcame struggles, and humble journeys many of you have shared in this space. I’ll try to keep my story short and hope I can pick the brains of the much more experienced of you all to find a path towards some peace. + +A few days back while scrolling through reddit I run into an imagine/story of your typical firer/rational low key frills family: went to work, spend below their means, and saved. Their net-worth got pretty nice and then Cancer hit one of the partners. Everything they built in years evaporated in months. Obviously this was in the US where despite having insurance, medical costs can still bankrupt you. I’ve experienced Something similar through the eyes of a close friend. + +I grew up low income, with an overcrowded house hosting multiple families and earning minimum wage. Through great family support, relationships outside of my own and a bit of luck I managed to finish school and found myself in a corporate white collar job. Since growing up living paycheck to paycheck and making the best of resources, one of the core principles of fire (keeping expenses low) wasn’t really that new to me. I already knew how to live next to nothing (by force), I just didn’t know what to do with all the savings. + +Anyway, I am thankful and have found myself, and despite Covid, still with a job and saving quite a bit of money. Through your readings and advice, there is no doubt that I will fire. However, I absolutely still have no safety net. Medical costs still give me nightmares and despite living a rather healthy life, I know illness does not discriminate. + +My question, for all you firers that have your budgets, your savings goals, etc and are now in great position, what are you doing to protect your assets in the rare case that unfortunate event happens? How do you survive (financially) after creditors from the likes of healthcare (or some other creditor outside of regular banking) come after your assets? + +*edit: hi y’all! Thank you, thank you very much. I received more than enough humble and honest thoughts and experiences to continue this journey towards freedom. I am sorry if I did not respond to each one of you directly, I’m still going through them and getting your insights. You guys are a great community and am humble to have the opportunity to pick your brains to better understand this simple but complicated ish world of money. I look forward to cheering you all as you reach your fire goals, crush savings and nw goals, and chime in wherever I can. Stay safe during these times! +Being new to the redit group, I thought about saying something, I took my favorite nephew and showed him a few of my trophies properties , and told him the story......Feel free to comment or detail one of your best deals! Which by the way reminds me of a neighbor of the project I am working on, I mentioned that I usually get a "deal of a lifetime" maybe 2-3 times a year....... but perhaps that is going the wrong direction. + +I turned right and drove around the block to see 3 small duplexes on one lot. It was in the bad side of town being zoned heavy industrial, near the factories, it had broken doors and windows and a dilapidated exterior. The whole demeanor of the property screamed at me, "tear me down". Also in that property, I saw the ticket to the "deal of a lifetime", a red tag notice on the broken door stating it was scheduled to be "abated" if the "nuisance" was not addressed by a certain date. I called the city guys and asked if I boarded it up, would they remove the red tag? After assurance that they would, I also called the assessor, (Days before gis) finding the owners name in a far away state, he was never coming back and was going to abandon it. I offered him 25K with 10% down and he agreed! After the first renovation I have kept those buildings rented now for over 20 years! It now produces a little over 500 each so 36k a year! +I won $250,000, and I estimate that after lawyer and medical costs I’ll have around $150,000. I have $15,000 in credit card debt (I was unemployed for a spell) that I want to immediately pay. So I’m guessing I’ll have $135,000 total. + +I’m currently in school, and will have $220,000 in debt when I graduate. The field that I’m entering will give me a starting salary of at least $95,000-$100,000. I’m hoping to move to NYC (despite high costs), but I’m single without kids and not planning on having any. Should I just throw all the money at my debt, or is it sizable enough that I should invest it? Should I consult with a financial advisor? I would love any advice or resources. +Read all Q2 reports for these, found all the dividends history, payout ratios, etc. This table does not take into account the type of properties, etc. Only the payout ratio (less than 100% = OK), if the dividends were increased in the last 5 years and if the share price increased, stayed stable(ish) or decreased in the last 5 years. + +Dark green is very good, light green is good, yellow it depends, red = GTFO. + +Will be interesting to update with Q3 results. + +https://preview.redd.it/pgva4wa4wcv51.png?width=827&format=png&auto=webp&s=7a90d2713ae1c82d75404f3277b5c251be87584f +My Indian stock portfolio is maintained in Zerodha's demat acc. Today, since last couple of hours it is down. I'm not able to add funds in Zerodha. They have recognized the issue and are "deeply regretting inconvenience caused and working on it". I understand that servers/systems can experience unexpected shutdown. However I've been noticing such issues with Zerodha with increasing frequency and that makes me uncomfortable. My questions to fellow investors is: +1) Are there better services in terms of reliability? +2) Is there any data/stats on the downtime of various platforms so that investors can compare themselves and make informed decisions while choosing a broker? +3) If someone has first hand buying/selling experience on multiple platforms, can you share your experience. Which ones did you like and why? +Thanks. +&nbsp; + +Edit: Thanks guys. Will stick with Zerodha for now. +Came across this interesting article about building wealth. Here are my key takeaways. I would like to hear your thoughts on it. + +[https://www.latimes.com/business/la-fi-landlords-business-owners-20181105-story.html](https://www.latimes.com/business/la-fi-landlords-business-owners-20181105-story.html) + +>In the United States more than almost anywhere else, wealth and income are concentrated among business owners and landlords. That club, blessed by capitalism, is becoming increasingly difficult to join. + +Not sure if this claim is true because there are certainly lots of people who built their wealth through traditional passive investments like 401k, Roth IRA, index funds. This sub is proof of that. + +>In every country Fessler and Schürz studied, homeowners’ wealth hovers near the national average. The biggest gaps are between those who own businesses and rental properties and their customers and tenants. The top 5% are most likely to own businesses or rental properties. The authors found this polarization has increased since 1962. + +Seeing this kind of stuff makes me wonder if I should get into real estate investing. I hear it involves lots of debt which is something I'm not good at dealing with. + +&#x200B; + +Are you folks sticking with passive investing or investing in real estate as well? +I am in my mid-40s and have been diagnosed with an incurable disease. I am already symptomatic and its getting worse week by week. I don't know how much longer I will be able to keep working. My wife died of breast cancer 7 years ago. My daughter (12) and I live a little over an hour from family. Saw the doctor yesterday and they confirmed the bad news they warned me about a couple weeks ago - the disease continues to progress, there is no cure, the treatment to slow it down was only partially successful. I should become unable to care for myself disabled in 6-24 months and just over 50% survival rate at about 5 years out, around 20% at 10 years out. + +I told my parents and siblings today. They are freaked out and upset, but are being very helpful. Here is my plan - please tell me if I am missing anything. + +Good news - I have great benefits at work. I have 5 times my annual salary life insurance, great health insurance, and a two-thirds salary disability policy that I took AFTER taxes ... so that if I ever collected it, it will be tax free. I have about $100,000 saved for retirement through work 401k. I have about 130 hours of Paid Time Off accrued at work. + +I am taking the next week off work to get my affairs in order. I received a trusted recommendation for an attorney to update my will, my powers of attorney, and my living will ... and the family member made a phone call - I have an appointment on Monday afternoon. I plan to discuss a trust for my daughter that my parents will administer until she turned 25. + +We bought a house 4 years ago to be close to work. I'm a veteran so we used 0% down VA home loan. I am going to look into selling the house ... should about break even after fees ... might get a few thousand out of it. Plan to find a place to rent close to my parents. They live in a good school district so I will stay in their school district so that on my NEXT hospital stay (already had two in the last 6 months ... one for a week and one for 4 days) she can stay with my parents and still take the bus the school and from school. My Mom had to take off work to stay with her the last two times. We will plan to move as soon as school lets out for the summer. + +My mom is now looking at single story rancher homes and handicap accessible apartments in the same school district as them. So far, rancher style homes are hard to come by but we have a few leads on apartments. I am going to go look at some on Tuesday. Do you use a real estate agent to find a rental? How do they get paid? + +I will need to find a house cleaning service. My fatigue is already too bad to clean the house and I wouldn't be able to do laundry without my daughter's help. Is there a better kind of helper to consider? Someone who can come two or three times a week to do all the housework? I can't even put the dishes away anymore and I feel horrible that my 12 year old is now taking care of almost all this type of work in the home. Things like changing the batteries in the smoke alarms or changing the air filters didn't get done at all the last time change. I told my Dad this and he came today to do it. That really made it hit home for me. + +I am looking for a family counselor close to my parents for my daughter and I to see. I told her I am sick and am looking into us moving closer to her grandparents. She is excited about moving. I haven't told her the time frames involved with my illness ... but she lives day in and day out how ill I am every day. She sees I am getting worse. I don't want to probe too deep without a professional there to help guide us. + +&#x200B; + +I can still drive ... for now. Not sure what to do long-term with the car. Don't think this is a "need to solve now" problem. I have used Disabled American Veterans (DAV) to get to a VA appointment - I applied for disability compensation that I am still waiting to hear back on. Is there a general "drive you to doctor appointments" type service - for veterans or otherwise? Uber for sickies? Or maybe just Lyft drivers who would help you in the car for a tip? + +I am also planning on looking for a disability attorney to guide me through how to approach this with work. I can still work right now (I have a desk job and can work remote three days a week) but I am not sure for how much longer. We got screwed over with my wife's disability when she got sick - she cut back her hours and that ended up disqualifying her for her work disability insurance even though she paid for it. She passed just a few months later and we had her life insurance so I didn't make anything about it. I had a kindergartner on my hands at the time and just didn't have the energy to fight it. The life insurance went to get us out of debt and let me take 3 months off to be with my daughter ... and get my head back on straight. I still have about $7,000 in savings left over from the life insurance that has always been our rainy day fund. + +I want to try to travel with my daughter while I still can ... but that window is closing. My parents want to go with both of us for a family vacation to Orlando this summer while I am hopefully still healthy enough to go ... even if I can't ride the "good rides". + +What am I not thinking about? What else do I need to plan for? + +\[edit\] Yes - it is a degenerative neurological condition. We live in the mid-atlantic region of the US. Sorry about the vagueness - don't want to be identifiable until I tell my employer. + +\[edit2\] - This blew up. Thank you to everyone for your well wishes. Thanks for the silver and gold ... but this is a throwaway. To those trying to guess the actual diagnosis, it is not ALS. It is something similar but something sometimes treatable. My presentation is not typical thus making this very rare and only partially treatable. Once I tell work in a week, I can share the specifics but if I post the diagnosis, there are people at work who, if they saw this, would google it and easily guess it is me. I don't want work to know until I have the disability situation squared away. + +I agree that making the most of this year with my daughter - trips, fun stuff - is a top priority. Photos and video a priority. I also really like the letters to her future self idea and feel dumb I didn't think of that. Thank you. + +Some seem to be proposing just dropping everything and focus on time with my daughter. While my heart agrees, my head still has to plan for me to be alive and disabled until 2030 and possibly beyond. If I can only work a few more months then I need to get my financial house in order to see her through high school and college while also providing for myself in a hospice type situation. So yes - fun trips but tempered with prudent planning and spending. + + +\[edit3\] Found an apartment today. Will fill out an application tomorrow. Checked credit score today - 692 so should be good. And yes ... someone guessed the diagnosis. Was it the anti-malaria drugs for the peripheral neuropathy that gave it away? I didn't even mention the IVIG and saw someone post that he is probably getting it. Reddit will never cease to amaze me. Thank you again to all the warm wishes. I also spent 30 minutes sitting on my parent's deck talking to my Dad today. I told him what I want for my funeral. He teared up but said he would make damn sure I got the best wake ever. Ironic that this is bringing me closer to my Dad. Lots to read and watch with all the suggestions. Thank you so much. +Now I realize this is going to stroke some of you the wrong way. The more you hate this message, the more this message is adressed towards you. Keep reading if you dare risk some cognitive dissonance but hopefully add some wrinkles and increase your chances of lasting wealth. + +&#x200B; + +[Looks at all these bananas. This monkey has no problems right? NO WRONG!](https://preview.redd.it/dape5n0ftww61.jpg?width=329&format=pjpg&auto=webp&s=14dff6de593895276d7da33517b6c999013c176c) + +# Some basic truths + +**- Money does not solve your problems** + +Yes, it's true I'm afraid. Money does not solve your problems."But Damsell, my problems are mainly that I cannot afford x, y and z... how can money not solve that.."I know dear ape, money will definitely solve THOSE problems. + +I'm just saying that new problems will replace your current problems. You will face new psychological pressure, fears, highs and lows. It will be difficult to maintain current relationships and even harder to acquire new ones. + +* You can feel uncomfortably different from your friends and you're afraid to tell them how you feel about your new status. +* Being wealthy can make for more guilt than pleasure. +* Instead of feeling powerful and decisive, you can feel paralyzed and unable to decide how to spend your money. +* You can't stand the envy of friends and acquaintances -- you can find yourself becoming more isolated. +* You feel like you don't quite deserve the money and you can't believe it's really yours. +* You suffer from "ticker shock" and become obsessed with watching the stock market. +* You're afraid that you'll lose your money and your good fortune will simply vanish overnight. +* You can become paranoid and think everyone interacting with you is doing so because of your money, causing you to have trust issues. I'd say many apes already have this, let's see how long it takes before I am called a shill in the comments. +* You can become demotivated and depressed. Why do anything? You have no reason to get out of bed. You can lie here for weeks and nothing would go wrong for you. Rent will still be paid etc. +* You will likely feel like spending your money is the only thing that gives you pleasure. Purchases that make you absolutely sallivate now are going to grow old on you QUICK. Seriously.. that car you've been dreaming of the last 20 years? It's just another car emotionally satisfaction-wise after a few months. And guess what your impulse is going to be? Spend some more! This is a vicious cycle that will drain your money quick. + +[Monkey with bad habits](https://preview.redd.it/j6ptmj20sww61.jpg?width=1024&format=pjpg&auto=webp&s=6ced89a47bdbcc166ff1d8c5f84ad7b557660f73) + +&#x200B; + +**- Money does not make you a better person** + +"Once I'll have money I clean up my act, I'll stop drinking too much, I'll stop smoking, I'll start a business, I'll clean my house, I'll do the lawn, I'll fold away this laundry, I'll do this, I'll do that." Give me a break. No you wont. There is nothing stopping you now from doing most of those things and you're doing nothing now. Hell most of you are doing little more than smoking weed, laying back and watching the ticker all day. That's not going to change if you suddenly have a lot of money, it's going to get worse. + +Having money is going to kill all your motivation if you have a personality that has low motivation to begin with. + +* Quit smoking? "Pff what is a few dollars a day on a pack of smokes. I have millions!" +* Stop drinking too much? "It's ok if I have a hangover tomorrow, I have nowhere to go and I can pay for it. It's a very nice bottle of Scotch so it's a waste not to drink it" +* Starting a business? "Meeh I'm not going to absolutely work my ass off. I have it made already. Why would I put in 80 hours a week to launch a business". You're going to end up making this a money pit. You start with the right intentions, but you don't have the motivation or the pressure to follow through and it's going to end up costing you money. + +**- All your current shortcomings and faults will be amplified** + +* If you have a tendency for procrastination, you'll become a master procrastinator once you're rich. +* If you have a tendency to drink too much, you'll go full blown alchoholic once you're rich. +* If you have a smoking addiction, you'll smoke more once you're rich +* If you're lazy, you'll become more lazy after you're rich. +* If you smoke too much weed, you'll never stop smoking once you're rich. +* If you have a drug addiction, you'll not stop using untill you win the premature room temperature challenge or run out of money. +* If you have a sex addiction, guess what! You can pay for sex non-stop now and let me tell you there are expensive sexual partners out there. +* If you have trouble having genuine relationships, you'll have more trouble finding and maintaining those once you're rich. +* If you have anxiety, you'll have waaaaay more of that once you're rich. You have about a million more reasons to worry about once you're rich. +* If you have a tendency to be arrogant, show off and/or overcompensate for a small genital situation you'll do that MORE after you are rich. +* You have poor self control? Guess what, that too, gets worse with money. + +In short, despite this already crippling list, the only thing that is going to save you is IRON CLAD PERSONAL GROWTH AND DEVELOPMENT. You're going to have to be your own parent. It's time to become an adult and do it fast. **Straighten up.** + +# + +[Another bad monkey with bad habits](https://preview.redd.it/te263p65sww61.jpg?width=389&format=pjpg&auto=webp&s=b75c6fbe26c8bf9a6c7cbf28a959f4818fa61a54) + +# Some harsh truths + +So the previous parts were already pretty harsh. And those were the nice ones. Can you imagine?This, my friends, is where I'm not going to make friends. I don't care. I'll take the rage downvotes, as long as one ape actually understands what I'm saying here. + +&#x200B; + +**- Stopping with work at an age below 40 is not going to make you happy** + + +It won't. You may enjoy taking half a year off. Maybe you even should do that, especially if you've been unhappily employed for a few years already. But tell yourself this isn't going to last. You're not even going to be able to and you'll know why if you keep reading. + +**- Having a large sum of money does NOT increase your earning potential** + + +Any which way you put it, even a large sum of money is an limited supply unless you have income.Divide your money by your monthly expenditure and you can predict how much time you have before you're back to zero. + +If you currently have a low income, that's because you do not have any marketable skills, qualities or knowledge recognized by employers or the market. If you have a minimum wage income job now, having a big pile of cash isn't going to change how employers view your value. This is not mean, this is not angry capitalism, it's simply that you need skills, knowledge and experience that make you valuable to qualify for a well-paid job. If you have failed to gain OR market those skills untill now, this will remain the same after you're rich. (Unless you're going to grow personally big time) + +If you have none of those currently, you will still have none of those after you become a millionaire.That means your pile of cash is going to run out quicker than people who do have money-earning capabilities and skills. + +Your ONLY chance at long term financial wealth post-squeeze is to be careful with your money. There is a ONE TIME influx of cash and you have to make it last. Despite the cash, you will still need to be frugal. Read on in the "How to manage a large sum of money sustainably" chapter. + +**- If you've never had money before, you are inexperienced and likely to make BAD decisions with money.** + +You've earned this money if you held during all the uncertainty, don't get me wrong. What we're doing is a massive accomplishment of pure will, self-control and dedication. Big ups to you apes. You have the right to feel proud about this. It would be unfair to compare this with a lottery pay-out, HOWEVER. + +The point I'm making with this comparison is that people who've not had money before and who suddenly come into large sums of money make bad decisions and end up losing it all and sometimes more in short periods of time. + +How bad? [A staggering 70% of lottery winners end up broke WITHIN 5 YEARS.](https://www.ryanhart.org/lottery-winner-statistics/) A further 30% declare bankruptcy. Why? They make toxic investments, they are surrounded by people who want their money, they spend like crazy thinking big numbers are endless, they quickly change their lifestyle, they do not have an income to sustain their lifestyle. In short, they do not know how to handle money. + +[The same goes for athletes.](https://vault.si.com/vault/2009/03/23/how-and-why-athletes-go-broke) 78% of NFL players have gone bankrupt or are under financial stress during retirement. Within 5 years of retirement 60% of NFL players are broke. These people have decades of making millions a year and they still manage to blow it! + +"Ha but they are dumb! Not me, that's not going to happen to me Damsel."No I'm very sorry. Statistics say you ARE dumb. Not as a person, but just dumb with money.I'm not making an assesment of value saying that, I'm just saying on the front of handling money you are most likely dumb. + +**- Most of you think you're going to increase your lifestyle a hundred fold after the MOASS. You're not and if you do you're going to lose it ALL quick.** + +Yup. I just threw a spanner in your clockwork. You may be millionaires, but you wont be living like one. Sorry. You can very likely forget about mansions, Lamborghini's, boats and $50k watches like I've seen most of you fantasizing about. + +The amount of money in your account is not going to determine what your life looks like. It's the income that you have that determines what your life looks like. Luckily, you can make money make money for you, so you are likely going to have a big passive income boost but you'll likely still income from employment OR you're going to keep living normally. + +If you buy a big house, guess what, that comes with big taxes! And guess what, you have to pay those every year, not just once. This is going to drain you financially faster than you can say "Chapter 7 bankruptcy". And that house isn't going to keep it's value unless you maintain it immaculately. Guess what? That costs money too! Are you going to do all that yardwork? No? Do you know what gardeners cost? + +That fancy car/boat you're fantasizing about? Have you ever heard of depreciation? As soon as you drive it off the lot, expect 30% of the purchase value to dissapear. On 300k Lambo that's 100k INSTANTLY gone. Congrats, you've lost more in 30 minutes that you've ever made in a single year untill now. Do you know what the maintenance on these things costs?! Dealers charge hundreds of dollars per hour in labor and don't get me started on the parts. Oh and guess what, the maintenance scheduel is different than your current Camry. They require service every year, or every 15.000 miles. Some of those services likely need to engine to come out so that's a $8k service right here. Tires are more expensive, and it's a sportscar so you're going to drive it sportily. That means you're going to be spending your current minimum wage on tires alone every few months. And the fun part is, if you don't do all these expensive maintenance things you'll depreciate the car even faster! Yay! + +Long story short, BUYING expensive things isn't the hard part. The hard part is paying for the maintenance, upkeep, taxes and other operational expenditures. This will drain your lump of money quicker and because you're a simple ape you have no income to compensate for that. So you don't get to do it. + +I'll explain more in the "how to manage a large sum of money sustainably" header. + +[Sad monkey looking at his pp](https://preview.redd.it/evxsi8iisww61.jpg?width=509&format=pjpg&auto=webp&s=cfb3615069ca189499988c3d82deffc6dc459218) + +# MOASS happened, what now? + +Ok there is a few easy steps here. + +**Step one: SHUT. THE. FUCK. UP.** + + +Yes you read that right. Shut your fucking mouth. Don't tell anyone.No boasting on social media, no flapping wads of cash on Instagram, no tiktoks with a rolex around your limp wiener (or whatever you kids do nowadays online). Don't tell your friends, don't tell your family, don't tell ANYONE. + +If you absolutely want to share, do so with one or two people that know how to shut the fuck up and DONT give them any numbers. You can say it's a lot of money, but you don't tell them if it's 80k or 80 million. Seriously. Get this through your ape skull. Shut the fuck up. + +\*\*Step two: DONT. SPEND. A. FUCKING. PENNY. SERIOUSLY.\*\*We're now going to get you accustomed to the new situation in your life.Before you get all giddy. Keep that wallet closed. It's yours, but it's not yours to spend yet.No wild shopping sprees. Seriously. + +**Step three: Gather a team to help you manage your financial reality** + + +The first person you tell is a **financial advisor**.Tell him that you need a lawyer, a fiduciary financial advisor, and a tax expert.Assemble this team. Talk to multiple people, don't just hire the first jackass that knows you have big money and who's going to sweet talk you into doing business with him. + +You need to feel comfortable around all of these people, personally and professionally.They're going to be your guardians against yourself, and you need to be able to hear from that your stupid is showing. + +**Step four: TAXES BITCH** + + +Pay taxes. This is likely the first thing that your new expert team will help you with.With big money comes big taxes. It could be 50% or more of what you made. Seriously. + + +**Step five: PLAN how to spend your money.** + + +I don't care if you think you only have to plan money if you have little of it. That's bullshit.If you have a lot of money you will need to plan MORE. + +Create a "Wealth longevity" plan with your team.How much can you spend per month, what steps are you going to take to make money with your money, what are realistic returns, what can you spend on a house, what on transportation and what on charity, friends and family IF any. + + +**Step six: FOLLOW the plan.** + + +See this is where you get to show you're an adult. + +Yes there's a few million in the bank but you're not going to impulse buy this perfect example of the classic car you've always wanted because you already spent this months budget on a new gaming PC, mortgage and(or whatever). + +You do not get to cheat. "Oh ill just spend the extra little bit now, and next month I wont spend anything". Yeah right, give me a break bitch. If you didn't have the self-control this month you won't the next either. + +YOU DO NOT EXCEED YOUR BUDGET. + +# + +# How to handle large sums of money sustainably. + +See I'm not a financial advisor right so don't take my advice but I did transition from very poor to 'very well off' about 8 years back. Most of the things I'm talking about are things that I personally experienced and I too, needed extensive personal growth to make my new situation work. I made some of the mistakes listed here. It's not about ragging on you, it's about making you a better ape. + +So what should you realistically expect after MOASS? What will your life look like? + + +1. **1% of your total money AFTER taxes can be splurged.**Yup. Seriously. Only 1%. For every hypothetical million you can splurge $10k.That's a one time "lets celebrate" allotment. Not a recurring per month, not a recurring yearly thing. You can celebrate with a few purchases, but you're going to need your money bad. Read on to know why. +2. **You do not have any ways of income, other than interest of your money. Live off it.**If you have 1 million dollars and you invest it WISELY with your new team that you assembled you can realistically accumulate 5% of growth per year. That means that you DO NOT GET TO TOUCH ANY OF YOUR MONEY. That's 50k of years in gains. If you spend all of the 50k you'll get poorer every year because of inflation. The inflation will likely be around 2%, so you can only take out three fifths of your yearly gains to live off. That's only $30k in passive income per million dollars of money invested. Unless you're planning to live like the most frugal millionare ever, you'll likely need to work to supplement your income. +3. **Your income determines what you can live like.**With only $30k per year in passive income per million you're looking at a very simple lifestyle. If you can add $30k per year in income from work now you have 60k to live off. That's comfortable, but still nowhere near Lamborghini income. Forget about it. +4. **Any extreme purchases will drain your money quick and you'll will end every year negative.** + +&#x200B; + +# TL;DR + +No, fuck you. This is exactly what I'm talking about. Stop looking for the easy way, you need to develop yourself personally. Force yourself to actually read this. Be an adult for fuck sake. + +# Closing words + +So in short apes. I love you and I want to see you succeed with money.What I'm suggesting here is maybe more boring than you were hoping for, but it's simple reality.There is no escaping it. Having a lot of money is not a guarantee that you get to spend a lot of money.Your income matters, not what's in the bank. + +Frankly, I don't care if you hate me after reading this. \*\*I'm not your momma.\*\*I'm going to tell you things you **need to hear, instead of what you want to hear.** + +If you really want to learn how to improve yourself, and grow personally I recommend reading this article. When it first got published, and thats many moons ago, I was a teenager with no goals in life, angry at the fact that I was likely never going to succeed and blaming it on everyone except for myself. This article, after some digesting, made it 'click' for me. + +[https://www.cracked.com/blog/6-harsh-truths-that-will-make-you-better-person](https://www.cracked.com/blog/6-harsh-truths-that-will-make-you-better-person/?wa_user1=2&wa_user2=Weird+World&wa_user3=blog&wa_user4=companion) + +Be awesome! + +[If you follow my advice your will be this happy monkey in a few years.](https://preview.redd.it/ig381evmsww61.jpg?width=700&format=pjpg&auto=webp&s=d709965c46f4d39475444938ad6c59c49f63d43f) +This petition has made the rounds on [Twitter](https://twitter.com/dlauer/status/1512420969977163783?cxt=HHwWjsC5pf22mf0pAAAA) and r/Superstonk but we have had a lot of requests to pin it for more attention. Thank you to [EntropyWinsAgain for the popular suggestion](https://www.reddit.com/r/Superstonk/comments/tz7rij/can_we_unpin_the_superstonk_banner_post_and/). + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +https://i.redd.it/a3umnuirwcs81.gif + +# [PETITION DIRECT LINK HERE](https://www.urvin.finance/advocacy/we-the-investors-pfof-sign-on?s=09) + +**Dear Chairman Gensler,** + +**In the last 18 months alone,** [**25 million new investors joined the stock market**](https://twitter.com/km/status/1486549470061891591)**, and at their peak, retail investors** [**made up more than 25%**](https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035) **of the U.S. stock market. But as more people earnestly participate in the markets than ever before, the opacity and complexity of markets has left them concerned that: markets are not adequately providing price discovery; that too much power is concentrated in too few firms; and that they cannot trust such a complex system that lacks appropriate transparency.** + +**Gaps created by the lack of meaningful competition, transparency and simplicity have resulted in** [**billions of dollars**](https://www.wsj.com/articles/payments-to-u-s-brokers-surged-amid-meme-stock-and-options-boom-11643745771) **in annual Payment for Order Flow (PFOF) made from high-speed trading firms to brokers, while these firms generate multiples of this in revenue. These companies face little competition and amass greater market power, as two of these firms are responsible for a huge share of trading, both on-exchange and off. PFOF creates an intractable conflict-of-interest for brokers whose financial incentives are placed at odds with their duty of best execution. The segmentation of retail order flow away from lit markets means less competition and materially wider spreads as exchange toxicity increases.** + +**We are writing to urge you to address PFOF and the disparities in market structure that lead to excessive off-exchange trading as a top priority, and propose a rule that will truly reform our markets, not simply result in more disclosure. Included in this, we need regulatory intervention to repair a system that results in inferior execution quality for retail and institutional investors, and that has damaged markets and widened spreads for all participants. The SEC needs to take action to change the current market structure, rejuvenate the price discovery process, incentivize diversity and competition, and simplify our markets. While there is no silver bullet to fixing markets, we believe that a holistic approach can solve many problems. Such an approach would also consider exchange rebates and access fees, intelligent tick sizes, an order-by-order best execution standard, incentives to reduce fragmentation of markets (e.g., ending the subsidization of exchanges with SIP revenue), and ensuring that the NBBO properly reflects all supply and demand in the market.** + +**PFOF and excessive off-exchange trading persist because so many trading platforms rely on the revenue it generates, essentially productizing their clients. Defenders of PFOF have claimed that retail brokers who route to high-speed traders (in exchange for PFOF) provide better price execution for investors and that it’s a net positive, despite creating an inherent misalignment between these platforms and their customers, and despite** [**public evidence**](https://medium.com/the-public-blog/delivering-on-price-execution-without-pfof-27f0e6098a2f) **to the contrary. Leaning on the flawed argument that they categorically provide retail customers with best price execution quality, there is little by way of self-regulation to foment change or prevent applications designed to optimize transaction volume (i.e. speculation and day trading) and risky activity (i.e. margin and options trading). Further, their ability to claim best execution is part of the flaw of the system, as even within the current structure better outcomes are possible on an order-by-order, and aggregated basis.** + +**Throughout 2021, the debate around PFOF only grew with a House of Representatives** [**bill to ban the practice**](https://financialservices.house.gov/uploadedfiles/5.06.2021_bills-1171pih-actof2021-order.flow.pdf)**, and a Senate bill introduced as the** [**‘Investor Freedom Act of 2021’**](https://www.banking.senate.gov/imo/media/doc/investor_freedom_act_of_2021.pdf) **to prevent such a ban and protect PFOF profiteers. We also understand that the issue of PFOF is top-of-mind for you, having made several public comments raising concerns about the practice, the resulting concentration of power, the misalignment of incentives and the flawed standard of best execution.** + +**Additionally, there is a groundswell of support voicing their concerns related to PFOF, excessive off-exchange trading, and rallying behind comprehensive reform to market structure. On March 3, an investor advocacy coalition spearheaded by investing information company Urvin Finance, comprehensive fractional investing platform Public.com, institutional equities execution platform Proof Trading, and others, launched and published an** [**Investor Bill of Rights**](https://www.urvin.finance/advocacy) **in a call for comprehensive market reforms that will empower individual investors. While this coalition is being guided by these firms, the movement is based on grassroots advocacy and the education and empowerment of individual investors. This coalition of investors is guided by five core principles of: Transparency, Simplicity and Fairness, Investor Choice and Control, Best Execution, and Better Settlement and Clearing. We believe that individual investors can better represent their own interests than the companies who productize them.** + +**We urge you to take action on PFOF and the disparities in market structure that lead to excessive off-exchange trading, and implement policies that will prioritize the interests of individual investors, institutional investors and the market-at-large over the interests of a select few.** + +**Sincerely,** + +**We The Investors** + +[CLICK HERE TO ADD YOUR SIGNATURE](https://www.urvin.finance/advocacy/we-the-investors-pfof-sign-on?s=09) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Side note, once again as you have probably noticed we are [encountering..... issues....](https://www.reddit.com/r/Superstonk/comments/tz6eqj/superstonks_banner_the_final_decision/) with trying to do a poll for the banner contest. This community is incredibly active, diverse and vocal in their opinions and its one of the reasons I personally love it so much but it also makes it very difficult to please everyone. + +There is a major discrepancy between poll data and popular comments. We will put it on hold for now as obviously there are more important things going on and get back to everyone as soon as possible with a potential solution. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [Computershare Megathread for EASY CLICKING](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/) + +I am in a serious dilemma right now. + +I am 18 years old and about to graduate high school in a month, and I am unable to verify my identity because I don’t have the necessary documents. + +Both of my parents can’t help me as my mom is in a psychiatric hospital, and my father passed away in November. + +I do have copies of my birth certificate and social security, but no government place takes them as they’re not the original or certified copy. Can someone help me on what necessary steps I should take because I’m unable to work, open a bank account, or get an I.D and I am about to start college out of state in like 3 months. +Long time lurker, decided to create an account. You guys have been absolutely amazing and I CANNOT discuss this with my current friends/family due to the disparity of income. + +I am a 37 year old attorney, married, one child, who recently made partner at a profitable firm. When I graduated in 2012 I had 100k+ in student loans and was making peanuts. Since joining this firm, my income has absolutely skyrocketed. Here's what I've made in the past four years before taxes: + +* 2016 - $400,000 +* 2017 - $600,000 +* 2018 - $850,000 +* 2019 - $950,000 + +For 2020, total compensation will be 1.5 million, including partner distribution. + +I have $980,000 in cash/CDs and $300,000 in 401k, and on paper I own $1.5mil in shares of my firm (buyout amount). I would like to follow the index-fund route but do not want to invest yet because I'm terrified of an over-inflated market. Student loans are paid off. + +We live in the same house since 2012, which we purchased for $350,000, now worth $500,000. The home is small and we are running out of room. I'd like to upgrade but am very cautious about over-indulging. On paper I can afford a $4-5 million home but I'm not about to jump into that kind of commitment when my revenue is based on one stream. I was thinking looking in the range for a 1.5-2.5 mil home. + +My wife and I have told no one about the increase in income and we have not noticeably increased our spending - no fancy cars or flaunting our wealth. Our closest friends and family have noticed an extra vacation here and there but that's it. We are weary of what's to come when we finally make a lifestyle adjustment. I think the purchase of a new home is going to come across as a shock to everyone we know. + +The money has had its psychological toll as well: I recognize this is AMAZING money, but I look at it with suspicion and think it could all go away at any time. I'm terrified that the second I buy a home something horrible will happen w/ a job loss or the housing market falling out. + +Can anyone offer some advice? When did you finally feel comfortable purchasing the dream home? When did you feel that you saved enough? Are there any pitfalls I should be aware of? +I think investing in ARK and ICLN are my two biggest investment mistakes. I dumped ARK two weeks back and took loss/will do a tax write off. Should have dumped ICLN too then, regret it. Don’t understand why is ICLN performing this poorly when EV’s and clean energy are gaining momentum. +I do understand that I am in a privileged position, and am grateful for that. + + +However + +I am a 30yo doctor and have taken 3 years out of training to do ad-hoc “locum work” at a higher hourly rate. This has seen my salary temporarily go from 40k to 90k (or so). + +I get paid weekly and take home around 3.5 to 4.5k a month currently. The only purpose for this career move was to afford a house - now it seems like it was a waste of time. + +Houses in my area are about 420-500k (cheaper ones will need work). Flats aren’t any cheaper. These aren’t fancy houses - they are the exact same ones that some people are given as “council houses”. + +When I return to training, my salary will drop again to <3k and it will take me at least another 7 years to hit the 90k+ mark again… I have to be mindful of this. + +In these last few years I have managed to save 35k from basically nothing +11k @ LISA +16k @ 2.75% +5k @ 5% +3k @ S&S ISA + +My fixed bills are around 2k /month (including rent @ £1,000 for a 1 bed flat). Then plus food / fuel / leisure etc. I do live comfortably with a nice diet and after a couple holidays etc I spend average 2.5-3k/month. (EDIT - This includes some larger life purchases averaged into the monthly. Moving forward, monthly for us both is closer to 2k.) + +No debt. Except Student loan - 40k left over both plan 1 and 2. + +My partner takes home far less (1.2k / month or so) + +For a basic 450k house, 25k down and ~95% LTV I need to churn out 2.6k / month on a mortgage. And that’s before any renovations, new bills etc. AND that’s a 35 year mortgage! I’ll be paying until I’m 65! A “normal” 25y mortgage is 3k/month. + + +I’m just so disillusioned seeing others on far lower salaries buying houses and I don’t know how anyone is affording it. Do I really need to spend my entire life paying my entire salary on a tiny 2.5 bed semi? + +EDIT; +To further clarify, my fixed outgoings are closer to 2k. I own my car outright etc and no payment plans of any sort. The 3k figure included large essential purchases averaged over a long period (maybe wasn’t the best way to calculate that in hindsight?) +[Source](https://www.federalreserve.gov/newsevents/speech/powell20210827a.htm) + +EDIT: [Video of his speech](https://www.youtube.com/watch?v=axIzxqB1tvk) + +>**Longer-term inflation expectations have moved much less than actual inflation or near-term expectations, suggesting that households, businesses, and market participants also believe that current high inflation readings are likely to prove transitory** and that, in any case, the Fed will keep inflation close to our 2 percent objective over time. + +**Ummm, aren't we seeing businesses adjust prices and models accordingly BECAUSE they don't see this going away?** + +&#x200B; + +>History also teaches, however, that central banks cannot take for granted that **inflation due to transitory factors will fade.** The 1970s saw two periods in which there were large increases in energy and food prices, raising headline inflation for a time. But when the direct effects on headline inflation eased, core inflation continued to run persistently higher than before. One likely contributing factor was that the public had come to generally expect higher inflation—one reason why **we now monitor inflation expectations so carefully**. + +**Are you really monitoring though? Especially when you massage the numbers to paint the picture you want?** + +>Central banks have always faced the problem of distinguishing transitory inflation spikes from more troublesome developments, and it is sometimes difficult to do so with confidence in real time. At such times, there is no substitute for a careful focus on incoming data and evolving risks. **If sustained higher inflation were to become a serious concern,** the Federal Open Market Committee (FOMC) would certainly respond and use our tools to assure that inflation runs at levels that are consistent with our goal. + +**It is still an 'IF' problem to him!!!** + +>That brings me to a concluding word on the path ahead for monetary policy. The Committee remains steadfast in our oft-expressed commitment to support the economy for as long as is needed to achieve a full recovery. The changes we made last year to our Statement on Longer-Run Goals and Monetary Policy Strategy are well suited to address today's challenges. +> +>We have said that we would continue our asset purchases at the current pace until we see substantial further progress toward our maximum employment and price stability goals, measured since last December, when we first articulated this guidance. My view is that the "substantial further progress" test has been met for inflation. There has also been clear progress toward maximum employment. At the FOMC's recent July meeting, I was of the view, as were most participants, that if the economy evolved broadly as anticipated, it could be appropriate to start reducing the pace of asset purchases this year. The intervening month has brought more progress in the form of a strong employment report for July, but also the further spread of the Delta variant. We will be carefully assessing incoming data and the evolving risks. Even after our asset purchases end, our elevated holdings of longer-term securities will continue to support accommodative financial conditions. +> +>The timing and pace of the coming reduction in asset purchases will not be intended to carry a direct signal regarding the timing of interest rate liftoff, for which we have articulated a different and substantially more stringent test. We have said that we will continue to hold the target range for the federal funds rate at its current level until the economy reaches conditions consistent with maximum employment, and inflation has reached 2 percent and is on track to moderately exceed 2 percent for some time. We have much ground to cover to reach maximum employment, and time will tell whether we have reached 2 percent inflation on a sustainable basis. + +**Still just talking about tapering... They should be tapering now, heck Korea and Iceland actually just raised RATES, yet JPow still talking that tapering is going to happen--maybe...** + +# The Fed will still continue to plow away with $120 billion in assets purchases each month: + +https://i.redd.it/ahgwq402twj71.gif + +$40 billion a month in mortgage-backed securities. This will continue to depress mortgage rates and **only continues to add gasoline to the inflation fire**. + +$80 billion in Treasury securities a month (with policy rates near 0%): represses short-term and long-term interest rates in general, and inflates asset prices and consumer prices, which **further DESTROYS the purchasing power of the dollar**. + +[While the rest of the world's banks are acting](https://www.reddit.com/r/Superstonk/comments/okicjz/inflation_alert_bank_of_canada_and_bank_of_new/), the Fed still claims this inflation is “transitory"... + +TL:DR - The Dollar losing purchasing power + Inflation = Permanent Loss of purchasing power. Unless one of the many other catalysts triggers the MOASS, [I believe inflation is the match that has been lit that will light the fuse of the rocket](https://www.reddit.com/r/Superstonk/comments/oe6i3l/tldr_i_believe_inflation_is_the_match_that_has/). + +Buckle Up. + +[ Thanks for dropping by and taking a dive! Please let me know if you have any questions or ideas on other areas to explore, happy to try and help. I hope everyone has an AWESOME Friday and an even better weekend!!! ](https://i.redd.it/aigc4qr4twj71.gif) +This is all my own opinions, but I did some deep research into each industry and tried to make this post as objective as possible. I hope you get something out of this! + +&#x200B; + +In general: In high interest rates, bonds do better and stocks do worse than in lower interest rates. High interest rates means more difficulty growing. It also implies the risk free rate is high so bond yields must rise with it in order to have any demand for corporate paper. + +Basic Materials: + +The interest rate to commodity price index is inverted. This is because the demand for commodities falls with the level of economic activity. This can be seen quite clearly by comparing a chart of interest rates with commodity prices. + +The implications of high interest rates are divided across the industry. Commodity producers will have more difficulty staying profitable and expanding operations. Cash generation will be severely strained. Commodity buyers on the other hand will find that expenses are much lower and it easier to get competitive prices. There are some material producers that will suffer less than others. In general, smaller companies suffer more because the larger ones are more capable of providing the most competitive prices. + +Communication services: + +Communications services do well in low interest rates, and tend to struggle in higher rates. This sector is generally the most overpriced and most leveraged. Stock prices in this sector may decrease more than the average market does. In addition to lower stock prices, companies that require a lot of leverage will have difficulty expanding or continuing operations. Established companies that have less capital intensive operations will fare much better, but still won’t be able to come up with the same revolutionary technologies that come from lower interest rate environments. + +Technology: + +This sector is unique because it is much newer and has not been exposed to high interest rates. If the current environment of startups are extended, many startups will find difficulty finding funding and small companies with high debt will face similar problems. For larger companies, a unique situation is presented. These companies are known for constant acquisitions and with high interest rates, all of the talent in niche tech businesses will suddenly look much more attractive. + +It is possible that the mega cap tech companies will be nearly unaffected because of their massive operating cash flows that are vital to normal life. Many companies in tech have become very large with a low interest rate for the entirety of their existence. It is possible that these companies suffer more than older companies of similar operations and size because of a lack of experience operating at higher interest rates. + +Industrials: + +These companies have mixed implications. On one end, commodities and other material input are cheaper, but on the other end there is less demand for industrial products in an economic slowdown. Revenue and cost of goods sold could be expected to decrease, creating smaller, more profitable businesses. + +A nice way to think about this is to examine the airplane manufacturing industry in a high interest rate environment. The manufacturer can acquire the materials and possibly prefabs for the plane for cheaper. The gross margin on the individual plane is higher as a result, but in the general economy, consumer activity is lower, so there is less traveling and a resulting lower demand for aircraft. + +Health Care: + +Health care is much less volatile than the average market because the demand for healthcare services is mostly disjoint from economic activity. The main concerns in health care are shared with the rest of the economy - mostly issues arising in debt refinancing and upgrading or acquiring fixed assets. + +Utilities: + +Utilities generally underperform in high interest rates. They take on more debt, require consistent servicing of fixed assets, and are slower to increase revenue than other industries. When operating conditions are staying similar (utility costs for consumers are not increasing much) and interest rates are high, utilities have a much more difficult time covering capex and depreciation. + +Consumer staples: + +Consumer staples are historically less volatile than most of the market. Consumers may not be buying luxury goods or a second home at high interest rates, but like healthcare, consumer staples are not things that are optional for most people. \[Most?\] Consumers are not going to stop purchasing food and toiletries just because their variable rate debts are becoming more costly. + +Finance: + +Finance tends to do well in high interest rate environments. They are able to write higher rate loans, and demand for loans increases. Insurance historically issued higher premiums. Financial firms can be viewed as the most obvious beneficiaries of high interest rates at the cost of most other industries. +I've seen this time and time again on this sub and with my friends IRL. + +My friend recently interviewed at a job and they asked "What are your salary expectations?" To which he replied "I'm looking in the realm of $50-$60k". Guess what they offered him? + +Ding. You guessed it. 50k. + +When asked this question in an interview, do not give a number instead reply with something along the lines of... + +Interviewer: "Now, What would you say your salary expectations are?" +You: "I would just expect to be paid fairly for the experience and skills that I bring to the table" + +If they press further - tell them "I would be remiss to give a number because there are many aspects that go into overall compensation and I would need to be able to compare all aspects of it." + +This is a completely true statement as Bonus, Stock, Health Insurance, 401k, HSA, PTO and Education Reimbursement are all elements of a potential compensation plan. + + +EDIT: I realize that there isn't a one size fits all approach to this. If you know exactly what you are worth and have confidence in that number, all the power to you to give an accurate and informed number to HR. It is in your best interest to try to negotiate up as much as you can, and many HR reps will try to get good talent for low cost to the company. It definitely is a negotiation. I would argue that the majority of people do not know exactly what their range is, and yes research is key here, but doesn't always lead to the employee being confident in a number they should be getting paid. I think many people do do themselves a disservice by undervaluing their talent and come in low. That could be due to lack of research, lack of confidence, lack of negotiation skills etc. One way to combat this for people that are newer to interviewing and don't have a good sense of were they fall on that spectrum, is to try to abstain from giving a number. That's all my point was about. + +EDIT 2: I regret making this as an ultimatum. Went for effect and definitely got it. This doesn't apply to everyone. There are situations that giving a number is advisable. Also getting a lot of comments on online applications, and from HR or hiring managers railing against this idea. I appreciate all of the responses, difference in opinion, even the rude ones. Good to gain perspective on my part. +I do sympathise with US politics when it considers TikTok to be a potential threat to national security which should therefore be regulated. After all, it's known how social media can be used to spread fake news and meddle with elections. + +However, how is TikToks's business modell in the US different from US tech firms' business model in Europe (and, indeed, in the US itself)? + +It is stated that TikTok has the potential to become a threat to national security. However, US social media have already proven that they are a threat by not being able to control the spread of fake news and by meddling with elections, both in Europe (Brexit comes to mind) and in the US itself. For a lot of reasons, social medias' influence in Europe (and basically in the US itself) could be considered negative and threatening. + +Unless there's something that I can't see, I'd say that a double standard is being applied. + +US corporations have US politics in their pockets and they use their influence to push their own agenda which doesn't have the American people's best interest in mind. + +Democracy is dead since the 70's when fiat currencies moved off the gold standard. +I have just received a notification that inflation is at 9% now. We have had plenty of posts about how people are cutting costs to help with this, but what are people doing in regards to their earnings? + +I've seen the BoE have advised not to ask for pay rises as it becomes counterproductive etc. But has anyone requested a pay rise to match inflation and how has that gone? Or are many people looking to new jobs? + +I'm considering asking for a 10% raise to cover this but wanted to understand what others are doing too. +On Investigating around 20 MFs there is a recurring choice of companies. + +1. ICICI Bank +2. Axis Bank +3. Reliance Industries Ltd +4. The Clearing Corporation of India Limited +5. Bajaj Finserv Ltd. +6. Avenue +7. Avenue Supermarts Limited +8. Infosys +9. TCS +10. Kotak Mahindra Bank +11. Larsen & Toubro Limited + +Why so much skewed and bent towards these companies and so much heavy weight on Financial companies? +Started 1 year ago.... Today I hit 100/month dividends (on average, so it's 1200/year). + +Now remembering, last December I had 5.11 CAD, this December I'm at 172 (mar-jun-sep-dec are my heavy paying months) + +This is only in my TFSA portfolio which consists of 1 stock of each sector: BMO, ENB, FTS, KL, QSR, REI-U, SRU.UN, T, TIH. Outside of that I also have an RRSP (ETFs), employer ESPP and Crypto. + +I guess what I'm trying to say is stick in there, the results will come as you progress and you will see the effects. I'm far from the snowball effect taking place, but the feel of the snowball in motion is starting! This was a short term goal of mine when I started, and now my next goal is to double this in the next year. I didn't start with these stocks, but as many others, I put focus to my portfolio back in March and chose this. Since then I've been hit with 1 cut by Rio, but it only delayed my achievement a short while. + +*Keep your eye on the prize, DCA, and let time do its thing* + +All the best to all of you for 2021 hope it's safe and full of dividends! +This is a fat guide to retirement accounts, and will include some nifty strategies you may not be familiar with. These strategies are available to anyone but if you’re not high income it can be hard to fund them. You may be aware of some or all of what I’m about to talk about, while others won’t be, and that’s who the guide is for. Please consult with a CPA (which I am not), before doing complicated tax maneuvers. + +First, traditional W-2 employees generally have access to IRAs and 401k’s (sometimes they are 403b’s for government/non-profit, but I’ll call those 401ks as well). Tax deductions for contributions to traditional (pre-tax) IRAs are prohibited once you hit a certain income limit if you (or your spouse) has a retirement plan through work. [Here](https://www.investopedia.com/ask/answers/07/401(k)_ira.asp) is a guide on those limits, which many of you will be over. + +Roth IRA contributions are income limit dependent (doesn’t matter if you have an employer plan), with a phase out period for contributions that you can see in the guide linked above. Again, I suspect many of you are over the limit. + +The caveat here is what’s called a “backdoor Roth IRA” maneuver where you place the legal maximum contribution after-tax to an IRA ($6,000, or $7,000 with the catch-up). You then rollover this money into a Roth IRA and you now have legally (the IRS has rubber stamped this technique) contributed the max to your Roth account despite being over the income limit. The caveat, of course, is that if you have ANY form of pre-tax IRA (SEP/SIMPLE/traditional) with money in it, you engage the pro-rata rule, and that’s not good. [Here](https://cjwealth.com/calculating-pro-rata-rule/) is a good guide on calculating pro-rata. However, the pro-rata rule does not apply to accounts in 401k plans, so you can roll all of your pre-tax IRA assets to your pre-tax 401k at work (if allowed), and then execute this maneuver without triggering pro-rata. If you have self-employed income, you can also set up a solo-401k and roll it over there. + +For 401ks, you have a contribution limit of $19,500 (or $26,000 for catch-up). Your employer typically matches a portion of that. Employer contributions are limited such that total contributions can be up to $57,000 (or 63,000) between you and them. If you are self-employed, you can open a solo-401k and contribute the whole $57,000 assuming you meet the [guidelines](https://www.nerdwallet.com/blog/investing/what-is-a-solo-401k/), since you’re acting as both employer and employee. + +Now let’s introduce the mega-backdoor roth, which is also approved by the IRS. Let’s say you contribute the max to your 401k, $19,500, with a 50% match at $9750, for a total of $29250. It is possible to contribute another $27750 (the $57,000 max minus your and your employer’s contribution, so 57,000 - 29,250), to your account through this technique. The math is your employee contribution + employer contribution + mega backdoor = $57,000. Your 401k will have to support after-tax contributions beyond the contribution limit and permit either in-service withdrawals (to a Roth IRA) or in-service conversions (to a Roth 401k) for this to work. If you do the withdrawal to a Roth IRA, the pro-rata rule may apply again. + +Basically, you contribute the money after-tax to your 401k and then do the withdrawal/conversion to switch it to a Roth. Assuming you execute both the backdoor and mega-backdoor, you’ve got yourself a cool $63,000 (or 70,000 with catch-up) in retirement accounts per year. + +There are a few other tax-advantaged retirement accounts, like HSAs, which I covered [here](https://www.reddit.com/r/fatFIRE/comments/ezgz8m/a_fat_guide_to_hsas_the_ultimate_retirement/). I basically treat that as an extra traditional IRA with no RMDs and tax-free distributions for health expenses. + +There are also SIMPLE IRAs (which I won’t discuss, they are just worse 401ks) and SEP IRAs. SEP IRAs are entirely employer contributed, with no employee contributions. The employer can contribute up to $57,000 or 25% of the employee’s wages (whichever is lower). As the business owner, you can contribute for yourself. SEP IRA contributions [do not count against other IRA contributions](https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-seps-contributions), and if you have a SEP IRA and are a W-2 employee at another job, your contributions to your SEP IRA [do not count](https://www.fool.com/knowledge-center/can-a-person-have-a-401k-and-sep-ira-simultaneousl.aspx) against your 401k contributions or employer’s match. This makes SEP IRAs really powerful for any kind of self-employment income, because you can stash 20% of your self-employed earnings in them up to the limit and not pay tax on that. If you have employees besides yourself, you may be required to give them SEP money, too, so be careful of that. Remember SEP IRAs do engage the pro-rata rule, so you should roll it over to a 401k before any backdoor maneuvers. + +You may also be able to contribute $57,000 as the employer in a solo 401k through profit sharing, even with a separate 401k from your W-2, though I haven’t done this or explored it much. It would likely be useful if your employer doesn’t support IRA rollovers to pre-tax 401k, as you would have pro-rata issues for any backdoor maneuvers if you used a SEP. + +I won’t discuss deferred compensation plans in detail, because either you should know enough to understand your 409a (private plans for executives, which are varied in details) or you have a simple 457b (government/non-profit), which permits an additional $19,500 in pre-tax contributions (including any match) on top of anything else. + +Finally, personal defined benefit plans are an option for self-employed individuals, particularly those who are older and have consistent self-employed income. The rules are very complex, and aren't worth pursuing if you don't have a large self-employment income or are under 50 because the contributions are tied to age and time until retirement. However, you may be able to sock away $200,000 into these accounts alone. See [Schwab's](https://www.schwab.com/small-business-retirement-plans/personal-defined-benefit-plan/personal-defined-benefit-plan-faqs) FAQs on the matter for more info., and consult a professional if you're interested. + +So, if you have a successful side-hustle (with at least $285,000 of profit) and are a W-2 of another business, you could in theory contribute: + +HSA (if you have an HDHP): 3550 + +Backdoor IRA: 6000 + +401k with Mega-Backdoor: 57000 + +SEP IRA (rolled into your 401k to not trigger pro-rata): 57000 + +Or more with catch-up contributions, family HSA, personal defined benefit plan, or a 457b/409a. + +Which means you can contribute $123,550+ per year to tax-advantaged accounts, because America. + +&#x200B; + +Edit: Forgot info on personal defined benefit plans, added. +[Continued from Book 2](https://www.reddit.com/r/Superstonk/comments/qxbzim/moass_the_trilogy_book_two/) + +&#x200B; + +https://preview.redd.it/m9wfl9urk5181.png?width=847&format=png&auto=webp&s=77f3041791b2a7a5e784a852ff8516ae655cb4ca + +# Part V: Deja Vu + +So now what you've all been waiting for... + +**Section 1: A Look Forward** + +Quick Recap + +* **We own the float** +* The November - January cycle has **not one but three** ETF gamma exposure dates, two of which represent the **largest amount of exposure on GME throughout the entire year** +* GameStop is significantly more illiquid now than last January the buying, holding, and registering of the float have pushed the bid/ask spread on GME to the limits and the stock is **ripe for a squeeze** +* This illiquidity means when MM, APs, and SHFs need liquidity to hedge massive price movements there is none available at market +* Retail owning open contracts forces the MM to hedge. If they do not and those contracts are pushed into the money, and/or exercised **there are no shares available for them to deliver**. They must increase the price to create liquidity (supply held means demand must be raised) + +We are about to enter another November - January cycle so let's look at what we can expect if the mechanics at play this last year hold true. + +Let's first look at what could happen if they roll. + +**ROLL CYCLE** + +[Possible Nov - Jan Roll Cycle](https://preview.redd.it/io286e77m2181.png?width=2453&format=png&auto=webp&s=03bcfb9a45a9f92b5fe50179eca91049f187d52a) + +**FAIL CYCLE** + +[Possible Nov - Jan Fail Cycle](https://preview.redd.it/svrupu7im2181.png?width=2449&format=png&auto=webp&s=bc693e1e44d6036c35b1accbf03acffacef7305f) + +A day-by-day repeat of last Nov - Jan cycle, scaled to current price. + +[January 2020 on repeat](https://preview.redd.it/96r0ow93ky081.png?width=2461&format=png&auto=webp&s=697de5fcec59b24e060e6ff7a654071b7fd15608) + +Smooth Version + +[Simple breakdown of Roll V. Fail](https://preview.redd.it/ov3z5qaemy081.png?width=2455&format=png&auto=webp&s=cbc779bca94714be6137e7837593dd90f1b4d592) + +*^(\* These price targets are theoretical, upwards movement on GME is difficult to predict because of the wide bid/ask spread. These examples are to show movement only. At any point during this outside factors like FOMO, announcements from GameStop, or regulation could accelerate the process. This simply defines the movements expected on GME due to the underlying market mechanics presented in Book 1 & 2.)* + +So as you can see here it doesn't matter which route they go the end result is nearly identical a massive amount of price improvement on GME (there are advantages to each for the shorts which we will discuss later). + +**Section II: Illiquidity & Buy and Hold** + +This entire cycle is defined by this last January retail did something nobody ever predicted, in their anger at the system and fuckery that had taken place between January 27th - February 2. + +Hundreds of thousands of individuals bought the dip, and not only that dip but every single day since retail has bought shares. Retail bought the shares, they bought the synthetics, they bought the float and then they bought more. + +Why? + +They, liked the stock. + +Then recently they started registering them, which serves to exacerbate the narrow conditions under which the short positions are already forced to operate. + +This ownership of the free float of GME is what allows us to see this entire cycle play out each quarter as liquidity dries up it becomes more and more obvious. + +[GME Price moves inverse to it's volume traded](https://preview.redd.it/yr3k3o10ty081.png?width=1618&format=png&auto=webp&s=4524af251222920fefc70d5c263acd599230457e) + +DRS accelerates this effect. + +[Increased slope of both \(+ price\) and \(- volume\)](https://preview.redd.it/wrma2a1rty081.png?width=1618&format=png&auto=webp&s=b6cddc8690f1d9c127a3a413b1f6f6d46bf4ab61) + +And when FTDs come due after a failure to roll forward the futures contracts we see the effects on those T+35 dates when SHFs are most desperate for shares + +[FTD spikes multiplied by DRS ](https://preview.redd.it/956flurnuy081.png?width=1780&format=png&auto=webp&s=946a45eda2023473850bd205f1069874493d68fd) + +So we are starting to see some data that supports the case for DRS in the market. + +So with Buy, Hold and DRS already pushing the cycle to the bleeding edge what can retail do to push it over the top. + +# Part VI: The Final Straw + +**Section 1: So what if retail is more like DFV?** + +What would this cycle look like If contracts were carried through the full range of the exposure on these cycles? + +>***\*remember last year retail's options were cash-settled before the FTD settlements were complete*** +> +>*\*I have been asked by the mods of this sub not to promote collusion or market manipulation. I will do my best to abide and respect this forums rules.* + +If retail had held contracts dated further out and the MMs had been forced to continue hedging those contracts through their exposure dates then Last January would have looked a lot more like this. + +[Had retail been holding more contracts further out the hedging and internalization would have had to continue much longer and we would have run into the the ETF exposure date in late February at a significantly higher price point. ](https://preview.redd.it/98e5b34h0z081.png?width=2459&format=png&auto=webp&s=c5a9b21367ca019854d91ecdc8fcde02e45f4eb0) + +>I want to note here that this means that shutting the buy button off right before retail could FOMO into the following weeks (February 5th) calls, means that act was likely pre-meditated and well thought out, probably more nefarious than indicated in the SEC report. By cash settling large numbers of contracts before the exposure over the next T+2 days and cutting off retail buying simultaneously, they ensured their gamma exposure would be minimal the following week and that enough liquidity would be generated to allow them to settle FTDs. **The timing was perfect.** + +The opportunity was present again in June + +[But due to the share offering many options were once again cash-settled. This subsequently led to ETFs re-balancing GME at a lower market cap and thus caused more selling. This liquidity \(\~12m shares\) allowed diminished FTDs in the September roll cycle. ](https://preview.redd.it/l83w4oov1z081.png?width=2446&format=png&auto=webp&s=be5469a5552e7ecfbb5e8585369fd318a8879c8c) + +But all that is behind us and 3^(rd) time is the charm right? + +So let's be like DFV I think scaling his position will not be market manipulation but simply a look at what his position would look like today and it's effects. + +So DFV had April 16, 2021 $12c, on this same day of last years cycle GME was trading at $12.46. + +When DFV bought these in late 2019 they were seriously OTM, but the exposure during this cycle made him a millionaire, and an absolute fucking legend. + +If everyone had FOMO'd into late dated far OTM options at the beginning of this cycle last year January would have looked a lot more like this + +[They would have remained exposed to a significant amount of open interest and be forced to continue to hedge into their gamma exposure. GME's market cap would have remained high and it's weight in ETFs would have increased. If this didn't directly cause MOASS the exposure from ETFs\/GME options on February 24th would have. ](https://preview.redd.it/0vaf1ijj6z081.png?width=2449&format=png&auto=webp&s=0bc0f5640196f50b496580b1175683327bb0db84) + +>This thesis points to this is all happening again... So if GME experiences the same Climb this year as last, and instead retail holds and exercises far dated contracts ( beyond the January exposure). We create can create our own margin call and our own MOASS. + +[As we see here in this earlier figure if last years price action is repeated exactly GME can peak at around $8000 dollars. ](https://preview.redd.it/o6q2colf7z081.png?width=2461&format=png&auto=webp&s=1d0f43a8213e6076e79875bfe6d541d77536b93a) + +This means that basically every option now matter how far OTM **should** increase far beyond the value of exercising it. + +So the closest example I currently have of a contract mirroring DFVs position is an April 14 460c, 2022. When DFV bought his 12c GME was trading around $6, so $12 was about 100% OTM. + +Currently an April 460c costs 21.25 or $2,125 and is 100% OTM. + +If even 10% of the price action expected occurs and we test $954 on January 25th, this contract would be worth $69,416 + +https://preview.redd.it/ajvyh7rzi2181.png?width=1059&format=png&auto=webp&s=99be417c073df62ad0c86326fc6a7497fd9b7c95 + +**The cost to exercise this contract $46,000** + +so for $2125, that's 21.25 per share. Someone could potentially obtain 100 shares of GME. + +People holding these contracts through the exposure dates and then exercising at the moment the MMs and SHFs are weakest, they can call the margin themselves. + +[January calls miss the most significant part of Options and FTD exposure which occurs between late January and Early February. ](https://preview.redd.it/3f9vsw7pdz081.png?width=2452&format=png&auto=webp&s=7900648bb2a542df8b6ff04de8fb200dc89217b9) + +&#x200B; + +https://preview.redd.it/fflbzwbkl2181.jpg?width=747&format=pjpg&auto=webp&s=865466af7066108251092af29576e1f548b9ee6d + +**Section 2: Exercising** + +So I want to clear up some misinformation regarding exercise and present a couple strategies + +**Strategy One: Cashless Exercise** + +Most American brokers offer some from of this and It almost always requires that you call and speak with a representative or the options desk/trading desk. + +Essential what happens here is your contract is exercised by the brokerage and then shares are sold to cover the cost of exercise. + +So using our earlier example of an April 14^(th) 2022 $460c $21.25. + +@ a test of 300 on January 25th with IV + 100% the contract value would be $69.38 or $6,983 and can be sold to buy 23 shares at $300 + +@ a test of 350 on January 25th with IV+100% the contract value would be 118.46 or $11,846 and can be sold to buy 33 shares at $350 + +@ a test of 500 on January 25th with IV +538% (same as last January) the contract value would be worth $462.69 or $46,269 and could be exercised for 100 shares of GME. At only $40 ITM this contract could be exercised for the full 100 shares. + +The upfront cost $2125 + +Ok that's great but what if nothing happens? + +If by January 25th nothing happens and we remain at 230 with no price improvement (sideways) the contract will be worth $8.56 netting the holder a loss of $1,269. + +**The 2 for 1 Strategy** + +This is my preferred strategy for buy options on this cycle I intend to buy them in even lots (2/4/6/8) + +This way on a run that surpasses my options strike price by 100% I can sell 1 call and exercise the other with the cash from the first and this way I only lose 50% of my IV value as opposed to 100% with a single contract. + +That means any contract that exceeds 100% of it's strike value, you can sell 1 and exercise the second. + +So if you have 2 x 250c and the value of the contracts hits $250.00 then you can sell one exercise the second and also capture half the additional value from the sold contract. + +For 4 x 250c you can sell 3 at a value of $83.33 + +So for example a $250c for FEB 18 2022 is worth 32.25 currently. + +with 4 contracts totaling $12,900 you could reasonably obtain 100 shares of GME the current market value of which is $22,900 for 100 shares. + +**The Average Down** + +I know many people cannot afford far dated calls even out of the money and so the strategy to profit has to become a bit more complex, this strategy is a bit more high risk but when you have a smaller amount of capital you generally need to take more risk. + +Say someone where to purchase a FEB 18 510c current value 11.80 You could sell this contract on every run outlined in this cycle and use that addition capital to buy back in on the dip. + +Potentially multiplying your initial capital 4x over the course of the cycle and this compounds. + +so here is an example. + +[By buying the dip and selling the peak that initial investment could multiply significantly by the final run. ](https://preview.redd.it/rv7bl6aqd2181.png?width=2455&format=png&auto=webp&s=a1a2343214caeef3db6b5d3d5a9d4ee7f636b4c3) + +Say someone plays it safe and takes profit at 200% (very conservative) that initial $1,180 could grow like this. + +1,180 --- 2,360 --- 4,720 --- 9440 + +at 300% profits + +1,180 --- 3,540 --- 10,620 --- 31,860 + +Now if you factor in increased leverage on each buy netting extra contracts per run and 300% profits + +1x contract 1180 --- 3x contract 3540 --- 6x contract 31,860 --- 12x contract 1,146,960 + +This highlights how quickly that initial investment can grow if the profits are continually rolled forward into more leverage. + +**(This is not a recommendation to buy these contracts, they are simply used so that I could calculate the data accurately, the range of strikes and dates that apply in this situation are nearly limitless, and should be based on each individuals risk tolerance and preference)** + +# Part VII: Disclaimer + +There are many opportunities to profit on this cycle and greed clouds judgement so I will reiterate something that should be heeded. + +# If you do not understand options this is NOT for you, buy and hold is the only thing that makes this possible. The value of GME shares should increase exponentially, you have your moon tickets, hodl! + +# For those of you that do understand what I am presenting here the opportunity not only for profit, but likely the essential catalyst for MOASS is outlined very clearly in these three DDs. + +# The risk for long calls is the premium paid for the contract you cannot lose more than you spend upfront, but, you can lose all of what you spend up front. Never spend more than you can afford to lose, nothing is a guarantee and money can be lost just as easily as it is made. + +# Part VIII: Conclusion + +So tomorrow we enter the T+2 period for gamma exposure on the GME monthly options and ETF quarterly options. + +We closed $30 above max pain meaning that a significantly larger portion of the options chain is in the money. + +I expect GME will see some fairly significant Gamma Exposure not only from it's monthly expiration but from ETF quarterly expiration as well. + +My conservative price targets for the upcoming exposure that should finalize by close on Wednesday is $250 -$280 given our current floor. + +If you read through all this then you understand a dip is possible tomorrow as it will serve to drop the price and shake people out of options that were purchased for Nov 11/26. The benefits for them are twofold. + +1. The have fewer open contracts to hedge while covering this weeks exposure. +2. People cash settling options will also reduce their exposure for next week. + +So if you bought contracts for a run this week as I'm sure many did, they are cheap and retail likes cheap options remember that they have till Wednesday to cover exposure. + +I will continue to discuss this DD and give as much information and insight as I can over the next few months on my [Livestream during market hours Monday - Friday](https://www.youtube.com/channel/UCYmgi8psSbIWiSR2tefHbug). + +On here when I can but the messages pile up. + +Further reading, watching, confirmation, and correlating theories. + +**I highly suggest you delve into these as well to gain better insight.** + +[Book 1](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +[Book 2](https://www.reddit.com/r/Superstonk/comments/qxbzim/moass_the_trilogy_book_two/) + +u/Zinko83's Volatility, Variance, and Dispersion, Oh My! (a great look into the effects of Volatility Hedging) + +u/Turdfurg23's The ETF Money Tree + +[All of my stream clips for the last several weeks](https://www.youtube.com/playlist?list=PLLZAlefVs0gKFMRbLBVK9rRPMkuFexGZ1) (sort by date) + +[Interview with Houston Wade where I lay out this Theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +a huge thanks to my Quants for helping me with all this research over the last 5 months. + +and u/criand and u/leenixus for helping break through some of the misinformation surrounding options. + +Finally, I want to thank all of you. The people of this community every ape that pushed me to complete this DD and get the word out there in time, my viewership for their words of encouragement and support, even when I was wrong. Without all of you I never would have had the motivation. + +I hope everyone takes the time to read through these, and understand what I'm presenting. + +See you tomorrow... + +🦍❤️ + +\- Gherkinit + +**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/) +Non-native English speaker here. + +If you look at a list of developed economies by World Bank, IMF, etc you will find that there are several small tiny countries there as well. Some of these countries are there in the list because of Oil and Gas or due to being an offshore tax haven. This means that for the average citizen, their standard of living and income is not going to be that high as it would be in a real developed country like say Canada or USA. + +So my question is are there any tiny countries that has "a real" developed economy? If so, can someone suggest where I can find a list of such countries? + +Here's the list: https://en.wikipedia.org/wiki/Developed_country +What do you think is the most likely trajectory of Inflation, interest rates, mortgages and income? Time frame 10 YEARS 2021-2029 + +1. Will the inflation increase because of all cash injections and borrowings made by western governments? What are your thoughts on emerging markets?(Turkey, India, Russia) + +2.do you think that interest rates will increase in order to fight inflation. The mortgage rates will increase and all who now are benefiting of getting the mortgage easier(thus increasing property prices, so the end effect is nil, just a redistribution of capital in the economy) will suffer long term after the agreed fixed rate expires so they will end up paying increased rates on initialy overpriced property. + +3.will the income increase above the rate of inflation or it not? + +They use a technique called circular trading. A select group of people keep on buying and selling the stock among themselves and keep increasing the price. + +When the general public notices that the stock price is increasing of that particular stock they start buying without checking the financials of the company. At that time the operators who have lot of stock sell only small quantities of stock and since demand is more and supply is less it increases the price further. + +Once the stock price reaches a certain target set by the operators they start selling the stock and general public keeps on buying hoping it would go up further. + +The operators make a huge return in relatively short period meanwhile the price crashes since there are no more buyers at the ridiculously inflated price and the general public then blames the stock market, SEBI, govt etc and says that the stock market is rigged +She will be providing only 15 percent of the equity and myself the rest. + +I want it to be as fair as possible so if we did it how should we split up the rental income and eventual equity when the house is sold ? + +I'm thinking she will get a percentage of rental income after taxes dependant on the equity she puts in but I'm unsure how we should agree about the eventual sale of the property. + +She will be putting in an equal amount of work renovating the property with me without using contractors. + +Should we split the profit when sold evenly due to the equal amount of physical work renovating it? Or should this still be a percentage of the equity she invested? I don't want disagreements and I want it to be as fair as possible so there is no room for falling out + +So wanted advice on how to proceed. + +Edit: thanks for the advice I will have a think; although the multiple private messages from people offering me investment opportunities... No thanks. +I mean, we are already seeing that scenario. My brother bought a house in Bay area around 8 years ago at 600k whose value is now double, but salaries haven't doubled in 8 years. So the people graduating and starting to work 10 years from now will be effectively gated away from ever purchasing a house? (unless it's a 2 person family with both having very good salaries) +So in case people were unaware, about a week ago /u/TheBomber9 the owner of Bitgrail. Violated his own TOS & instituted mandatory verification (KYC) without any prior notice, disabling any withdrawals from the exchange. This was after weeks of disabled withdrawals due to maintenance, so people's XRB has been stuck on this exchange for over a month. + +Today he announced that he will be closing all non-EU accounts & liquidating their assets into BTC before sending it out. This caused a massive drop in the price of XRB (over 50%) & a huge increase in the price of BTC on the exchange. Bomber9 also just happened to announce this right before the Binance listing (which is supposed to be happening soon). + +Now, Bitgrail is a dedicated XRB exchange & the vast majority of the assets on Bitgrail are in Raiblocks. According to the exchange wallet he has around 6 million XRB, with over half of that likely being from non-EU users, there is not even close to enough BTC on the exchange to pay for all the XRB at market price. + +So this begs the question, why wouldn't he just allow people to withdraw in XRB? It would be by far the easiest option. The only explanations are: + +1) **He's forcing BTC withdraws so he can sell his BTC for a massive premium & buy up tons of XRB cheap right before the Binance listing. Making millions. (by far the most likely explanation.)** + +2) He wants to force one last trade to make money on trade fees & BTC withdrawal fees (XRB withdrawal is free). + +3) He wants to skim BTC off of people who had their accounts forcefully liquidated into BTC (since he can choose whatever price he wants for your XRB). + +He has effectively destroyed his exchange with his actions & I think it's unlikely he's just a moron. It's far more likely he sees the writing on the wall with his exchange (with the Binance listing coming) and he wants to pull a pseudo-legal exit scam (not sure if this is illegal under Italian law). + +Now I have my life savings in XRB on Bitgrail (seemed like a good idea at the time) & I basically just lost half of it because of this guy. Now I understood the risk of getting into Crypto & I've accepted what's happened. All I can ask is that there be some justice for me & the other people he's screwed. + +I don't know what the laws are like in Italy but in America a violation of TOS is grounds for a lawsuit & most types of market manipulation are illegal. If someone could contact the proper authorities & let them know about the situation, I'd really appreciate it. I don't expect anything to come of it but I'd appreciate it if someone could at least try & get some justice for us. + +Edit: I'm aware how stupid it was to go all in on XRB on Bitgrail, no one realizes that more than me lol. Not looking for sympathy my mistakes are my own, just wanted to illustrate how fucked up the situation is. + +Edit: [Bomber's Statement](https://np.reddit.com/r/BitGrailExchange/comments/7u02o9/bitgrail_update_30012018/?st=jd1hmflg&sh=fe0c9f41) + +Edit: Apparently, he has also [doubled the withdrawal fee of BTC from 0.001 BTC to 0.002 BTC.](https://bitgrail.com/fees) + +Edit: [Raiblock team's statement.](https://np.reddit.com/r/RaiBlocks/comments/7u2x97/bitgrail/) + +**Update: [BitGrail has backpedaled; they will continue verifications and withdrawals for non-EU users for 2 weeks & allow withdrawals for 2 weeks after verification.](https://np.reddit.com/r/BitGrailExchange/comments/7u3vhq/another_update/) We did it Reddit, thank you.** +[The article. ](https://www.moneycontrol.com/news/business/markets/long-term-investing-over-300-bse-stocks-would-have-made-you-a-crorepati-in-20-years-5899411.html) + +I checked a few of these companies, it doesn't look right to me. Like Kirloskar is currently at 620. Assuming if it was at Rs1 in 2000 that still wouldn't have made 1crore. 10,000*620 = 62lakh. + +That is nowhere near the 18 crore mark the article is talking about. Similarly for others also it doesn't add up. Can anyone confirm. +I have started browsing this sub recently and noticed a common thread. I see people who get into financial trouble or lose their job when their car breaks down and they cannot afford the repairs. I have been in the automotive repair business for 15 years and often try my best to help people who are financially stricken. I can offer free advice on how to make repairs yourself to get you back on the road. I regularly service and have in depth knowledge on vehicles of all makes and models (barring exotics). I can tell you how to replace timing belts, CV shafts, wheel bearings, diagnose misfire, ect. Unfortunately, my advice is U.S. centric since that is the market I am familiar with. If someone wants to attempt a repair themselves, I can walk them through the steps and tools required. I started off repairing vehicles for students at a nearby college campus in a Walmart parking lot so I am aquatinted with roadside repair work. +At current price its a high 4% yielder, but price keeps on dropping. We know they are in a pinch, but surely they will get through. When are you buying? +I recently joined this subreddit and I can't help but notice that a lot of the posts on here are about people who have a tremendous amount of money, suddenly have increased their income exponentially or people who have a ton of real estate. + +I kind of feel out of place. Maybe I just don't have the right mindset? I have about 20K in savings, about 30k in 401k. I work part-time making about 40k/year while I'm pursuing my master's full-time and I'm looking to start my PhD full-time next year. + +Is this the right place for me? Am I on track? +Hello everyone. I’m a Afghanistan War veteran here with some friendly advice. + +So like everyone I love coming in here and seeing all the wrinkly brains guiding my crayon eating ass to tendie land. However, take what i have to say with a grain of salt, or don’t. Whatever. We need to quit with the fucking bullshit. If you don’t have any DD or helpful thoughts, don’t post. Go to the think tank, it’s what it’s there for. + +Divide and conquer. Literally the easiest way to take down any establishment is within. That’s what happening with us right now and the hedgies are two steps ahead. + +Think about it, u/rensole doesn’t want to do morning news anymore because he’s being attacked. One of our #1’s is getting eaten up and we’re letting it happen. Let’s have his back. It seems like anyone can post now a days, and it’s all bullshit karma farming posts like “I WONT SELL TILL THE WAY DOWN”! Cool story bro, we’re all glad. You can’t even navigate this sub anymore and find good DD it seems like. + +Hedgies are playing the long game, we know they’re watching. We’re being divided, trying to get us to believe this is all over, and driving the price down. Slowly bleeding us down. So follow these steps if you read through this. + +1) Quit shit posting, it doesn’t help. +2) Apologize to rensole. Even if you didn’t say anything, send him a friendly message letting him know you appreciate him, and let’s get this morning news going again +3) Buy, Hold, and be friendly to the retarded apes who ask questions. We’re all in the shitstorm together. + +Let’s also get the mods involved, we need to be regulated. I’m hoping the karma for posting gets upped, and anything not involving good DD gets you a permanent ban. That, or we go private and weed out mother fuckers. We’re out of control and we need to be put in check. That’s all. + +Disclaimer: I’m not a shill, so don’t come at me with that bullshit. + +Edit: Thank you for your support. This sub is our home, let’s defend it and make it fucking awesome like it used to be. +I’m currently 21 years old and am pursuing a career as a electrician. I don’t have very much debt (around 2k) which would be easy to pay off once I start working as a apprentice and I want to use real estate investing to achieve FI. +I have been looking at chart after chart after chart for months and just analyzing short squeezes and honestly just to get tits jacked. One thing that all squeezes have in common that makes no sense to me is they always dump in the days prior to the squeeze. The classic VWAGY is the best example. 10/16-10/26 it dropped 25% and the following trading day, it was up 55% and the squeeze was on. + +edit: it actually dropped 40% 10 days before it popped up to 1400$ a share from 28$ + +FOR APES WHO NEED PICTURES + +https://i.imgur.com/HRuWzvV.png + +Hijacking my own post: + +#THE RIP BEFORE THE DIP HAS STARTED: MAJOR BANKS HITTING 52W HIGHS + +https://i.imgur.com/MQicT1A.png + +https://imgur.com/a/7mqF0w2 + +#BRING ON THE VOLATILITY KENNY! + +https://i.imgur.com/1eoQf8M.png + +VIX base is nearing the previous base before the last run up. Check out what happens every single time this happens. Guess what happens when VIX goes up? **BOOM** SPY gonna dumpppppppppppppppppp + + +Hey! What's that standing in front of you?! + +🐷 + +Look! A pig! + +\- "oink" + +*GASP!* I think it wants you to consider purchasing PIGGYBANKTOKEN! + +But wait... Why *PiggyBankToken*? What makes our 🥓 so special? Let's dive in! + +💎 HODL 💎 + +\-15% Tax - 10% redistributed instantly to holders, 5% secured into a liquidity pool and locked for life. Contract also burned with LP set to send directly to the burn address upon unlocking. + +***🎈*****Hyper-Deflationary*****🎈*** + +\-239.28T $PIGGY tokens burned with the fair-launch. + +**🔒Audited and Secure 🔐** + +\-Solidity Finance ensured that we were legitimate. We are strictly RUG-FREE. We don't even own the contract because we sent it to the burn address. Why not, right? + +🤝**Defi Alliance**🤝 + +\-Lead by Ragnar (former CM of Safemoon), Piggy Bank Token is proud to be a member of the DeFi alliance bringing together DeFi communities to strengthen DeFi as a hold instead of attempting to alienate ourselves from others. See links to Defi Alliance members below. + +**🐷Pig Pen🐷** + +\-Pig Pen will offer a competitive rate to developers who want a platform to host their token’s fair launch. In turn we will create anti-rug conditions that greatly minimize rug-pull culprits as well as benefit on-chain $PIGGY holders including a requirement that the initial LP from the raised fair-launched tokens be staked in 1/2 $PIGGY tokens. We will also structure in other conditions that incentivizes users to use our platform as the top-most trusted DeFi launch platform in the space. *The verified projects coming out of the Pig Pen will be vetted by the Piggy Bank Token team and have passed a preliminary audit and background check.* + +**👂 \*\*REAL TALK for a second...\*\*👂** + +\-We all know that the market has been over-taken by a stampeding surge in deflationary activity; because of this, there are many development teams and their accompanying communities (who share limited resources) searching for new ways to light a spark in investor interest and maintain long-term relationships with us all by starting a fire (figuratively of course). + +**Piggy Bank Token wants to solve this problem using:** + +"VOLUME WARS", a competitive gamification model designed to boost the tokenomics of DeFi projects struggling with engagement and momentum; through engagement, and momentum! + +Volume Wars is design built as a scalable solution compatible for all DeFi projects which will eventually integrate other project’s tokens to be compatible with this game as well. This offers a service-as-use-case for any project that requires volume to actuate their tokenomics. + + Imagine inviting your favorite projects to compete on the battlefield using volume, where all of these competitions would benefit on-chain holders for every project. Win/win. + +Winners of Volume Wars will be awarded price NFTs with the rarest NFTS providing $BNB tokens captured within the Piggy Bank Token eco-system for the entire existence of the project. + +If you'd like to learn more about "Volume Wars", or the token in general, refer to the attached *Medium* article and give our other pages a glance! + +&#x200B; + +**Piggy Bank Volume Wars Medium:** +[https://piggybanktoken.medium.com/defi-gamification-nft-rewards-f6d2fd1f8617](https://piggybanktoken.medium.com/defi-gamification-nft-rewards-f6d2fd1f8617) + +**Website:** +[https://piggybanktoken.com/](https://piggybanktoken.com/) + +**Discord:** +[https://discord.com/invite/piggybanktoken](https://discord.com/invite/piggybanktoken) + +**Telegram:** +[https://t.me/PiggyBankToken](https://t.me/PiggyBankToken) + +**Twitter:** +[https://twitter.com/PiggyBankToken](https://twitter.com/PiggyBankToken) + +**Defi Alliance:** + +*The Collective Coin* +Discord: [https://discord.gg/collective](https://discord.gg/collective) +Website:[https://www.thecollectivecoin.co/](https://www.thecollectivecoin.co/) + +*Useless* +Discord: [https://discord.gg/8Za7PRdqGZ](https://discord.gg/8Za7PRdqGZ) +Website: [https://uselesstoken.org/](https://uselesstoken.org/). + + +Hey! What's that standing in front of you?! + +🐷 + +Look! A pig! + +\- "oink" + +*GASP!* I think it wants you to consider purchasing PIGGYBANKTOKEN! + +But wait... Why *PiggyBankToken*? What makes our 🥓 so special? Let's dive in! + +💎 HODL 💎 + +\-15% Tax - 10% redistributed instantly to holders, 5% secured into a liquidity pool and locked for life. Contract also burned with LP set to send directly to the burn address upon unlocking. + +***🎈*****Hyper-Deflationary*****🎈*** + +\-239.28T $PIGGY tokens burned with the fair-launch. + +**🔒Audited and Secure 🔐** + +\-Solidity Finance ensured that we were legitimate. We are strictly RUG-FREE. We don't even own the contract because we sent it to the burn address. Why not, right? + +🤝**Defi Alliance**🤝 + +\-Lead by Ragnar (former CM of Safemoon), Piggy Bank Token is proud to be a member of the DeFi alliance bringing together DeFi communities to strengthen DeFi as a hold instead of attempting to alienate ourselves from others. See links to Defi Alliance members below. + +**🐷Pig Pen🐷** + +\-Pig Pen will offer a competitive rate to developers who want a platform to host their token’s fair launch. In turn we will create anti-rug conditions that greatly minimize rug-pull culprits as well as benefit on-chain $PIGGY holders including a requirement that the initial LP from the raised fair-launched tokens be staked in 1/2 $PIGGY tokens. We will also structure in other conditions that incentivizes users to use our platform as the top-most trusted DeFi launch platform in the space. *The verified projects coming out of the Pig Pen will be vetted by the Piggy Bank Token team and have passed a preliminary audit and background check.* + +**👂 \*\*REAL TALK for a second...\*\*👂** + +\-We all know that the market has been over-taken by a stampeding surge in deflationary activity; because of this, there are many development teams and their accompanying communities (who share limited resources) searching for new ways to light a spark in investor interest and maintain long-term relationships with us all by starting a fire (figuratively of course). + +**Piggy Bank Token wants to solve this problem using:** + +"VOLUME WARS", a competitive gamification model designed to boost the tokenomics of DeFi projects struggling with engagement and momentum; through engagement, and momentum! + +Volume Wars is design built as a scalable solution compatible for all DeFi projects which will eventually integrate other project’s tokens to be compatible with this game as well. This offers a service-as-use-case for any project that requires volume to actuate their tokenomics. + + Imagine inviting your favorite projects to compete on the battlefield using volume, where all of these competitions would benefit on-chain holders for every project. Win/win. + +Winners of Volume Wars will be awarded price NFTs with the rarest NFTS providing $BNB tokens captured within the Piggy Bank Token eco-system for the entire existence of the project. + +If you'd like to learn more about "Volume Wars", or the token in general, refer to the attached *Medium* article and give our other pages a glance! + +&#x200B; + +**Piggy Bank Volume Wars Medium:** +[https://piggybanktoken.medium.com/defi-gamification-nft-rewards-f6d2fd1f8617](https://piggybanktoken.medium.com/defi-gamification-nft-rewards-f6d2fd1f8617) + +**Website:** +[https://piggybanktoken.com/](https://piggybanktoken.com/) + +**Discord:** +[https://discord.com/invite/piggybanktoken](https://discord.com/invite/piggybanktoken) + +**Telegram:** +[https://t.me/PiggyBankToken](https://t.me/PiggyBankToken) + +**Twitter:** +[https://twitter.com/PiggyBankToken](https://twitter.com/PiggyBankToken) + +**Defi Alliance:** + +*The Collective Coin* +Discord: [https://discord.gg/collective](https://discord.gg/collective) +Website:[https://www.thecollectivecoin.co/](https://www.thecollectivecoin.co/) + +*Useless* +Discord: [https://discord.gg/8Za7PRdqGZ](https://discord.gg/8Za7PRdqGZ) +Website: [https://uselesstoken.org/](https://uselesstoken.org/). +Credit analyst on real estate giant + +**"Evergrande bankruptcy has already factually occurred"** + +Can stumbling real estate giant Evergrande still pay its debts? Credit analyst Marco Metzler doesn't think so: He is convinced Evergrande has long been bankrupt - and is challenging the group. + +The interview was conducted by Lutz Reiche + +05.11.2021, 2.37 p.m. + +&#x200B; + +How big a threat does China's teetering real estate developer Evergrande pose to the global economy? International banks and private investors have lent the group around $23.7 billion - which they want interest on and repaid. So if Evergrande collapses, the corporation will take others with it. Recently, media such as the "New York Times" have been reporting warning signs, but experienced credit analyst Marco Metzler disagrees. + +&#x200B; + +manager magazin: Mr. Metzler, in your latest analysis, you basically claim that Evergrande has long been bankrupt. What makes you say that? + +&#x200B; + +Marco Metzler: The fact is that Evergrande and Citibank, as trustee and paying agent for the interest payments, have not yet officially confirmed a single payment of the interest that has been overdue for more than 30 days. The source referred to by the "New York Times" and other media is a single, allegedly anonymous creditor who is said to have told the media a few hours before the deadline that he had received the interest payment. + +&#x200B; + +What do you conclude from this? + +&#x200B; + +The fact that there is no confirmation of receipt of payment from any official source and that the sources are being treated in such a non-transparent manner raises concerns. There remain considerable doubts as to whether money has really flowed, and if at all, possibly only to individual creditors of the offshore bond. Here Evergrande is apparently repeating the same game as it did on October 23. + +&#x200B; + +What do you mean by that? + +&#x200B; + +Evergrande and Citibank have not officially confirmed any alleged interest payments of $83 million, even at this time. We have asked numerous investors known to us, they could not confirm any receipt of payment. In our view, this obviously means that the Evergrande bankruptcy has already effectively occurred. This also means that all other 22 bonds issued are considered to be in default under the cross-default principle. This is how it is regulated in the bond terms and conditions. This means that bruised investors can now file for insolvency. + +&#x200B; + +The fact is, so far Evergrande has not been declared insolvent. So how much is at stake for foreign investors? + +&#x200B; + +In fact, according to official figures, Evergrande owes 90 percent of its loans and payments to Chinese creditors. But that by no means makes the case a purely Chinese problem. According to our latest information, international investors alone have put about $23.7 billion into 23 bonds and three large loans. Analysts at Fitch expect Evergrande to be liquidated in the event of bankruptcy. Creditors are unlikely to be paid much more than 5 percent of their claims then. In other words: International investors would then have to write off around $22.5 billion in the event of Evergrande's insolvency. + +&#x200B; + +22.5 billion dollars - distributed among hundreds of foreign creditors - that sounds manageable and not like an imminent "meltdown of the global financial system," as you write in your study. + +&#x200B; + +Focusing only on Evergrande and these creditors, the risk may seem manageable. But if one follows the calculations of the renowned Chinese business magazine "Caixin", Evergrande will have to find a total of around 123 billion dollars for interest and repayments within the next twelve months. In total, the foreign loans of international investors in China amount to 586 billion dollars, of which around 30 billion dollars have already defaulted in 2020. If the Chinese state does not step in to cover this, we must already consider Evergrande's bankruptcy a certainty. Moreover, we must not look at Evergrande in isolation: The completely overheated real estate sector accounts for up to 30 percent of China's economic output. Any major bankruptcy could drag down other Chinese real estate companies, banks and insurers with it. + +&#x200B; + +With what consequences for other countries? + +&#x200B; + +Probably with considerable consequences. According to Goldman Sachs, the foreign debts of Chinese real estate developers alone amount to around 197 billion U.S. dollars. The major international bank HSBC, for example, reports loans of $19.6 billion for the third quarter that it extended exclusively to Chinese real estate groups. In total, HSBC has extended $196 billion in credit to Chinese companies in all sorts of industries. In addition: International banks with strong Asian operations sometimes lend to wealthy Chinese, which in turn are backed by Chinese debt instruments. These loans could then also default. However, this aspect may not be seen at all at the moment. + +&#x200B; + +Aren't you painting the picture a little too black here? + +&#x200B; + +After all, the real estate sector is not the only problem facing the Chinese economy, which has recently cooled down considerably - the key words here are scarce raw materials, supply bottlenecks, massive power outages, plant and port closures and, most recently, food rationing. A possible wave of bankruptcies triggered by Evergrande will further slow Chinese growth. At the same time, we see high levels of government, corporate and private debt - China's debt-to-GDP ratio is already 230 percent of annual economic output. If supply chains come under further pressure or even break, this will have a direct impact on the USA and Europe as well. + +&#x200B; + +The problem of supply chains and supply bottlenecks is currently the subject of much discussion. What is Evergrande's significance in this context? + +&#x200B; + +More than two-thirds of Evergrande's debt, we believe, is ultimately owed by other distressed real estate developers and companies within the supply chain. A bankruptcy of Evergrande could cause the insolvency of its direct and indirect suppliers. Most of these are small and medium-sized companies that rely on large customers, not only for their business, but also for access to financing ... + +&#x200B; + +... that Evergrande provides to these companies? + +&#x200B; + +Yes, Evergrande often grants them this in the form of loans. These financial risks are further complicated by the particular nature of the supply chains. One key feature is non-substitutability. Unlike in the financial sector, where companies can easily switch to other products, there are no easy substitutes in a complex supply chain, especially in the short term. So, in all likelihood, a collapse of the construction company will result in a large group of suppliers not only losing their business, but also facing immediate financial hardship, which could lead to a chain of bankruptcies. + +&#x200B; + +Do you believe that Evergrande can succeed in defusing its precarious situation by selling assets abroad and, with Beijing's help, contain what is arguably an even bigger fire in China itself? + +&#x200B; + +I think S&P Global Ratings has already summed it up well in one of their reports. A government bailout would undermine the campaign for greater financial discipline in the real estate sector that the government has just launched. And even in the event that China did step in, it would have no impact on foreign investors because Evergrande is officially registered in the Cayman Islands. According to the May 14 Law on "Mutual Recognition and Assistance in Insolvency Proceedings," the Chinese government would not pay for foreign investors' debts in such a case. + +&#x200B; + +The DMSA, for which you work as a consultant, defines its goal as follows: "To create more transparency for consumers when choosing products, investments and services." Those should only be Evergrande investors in exceptional cases. So why this alarmist tone of the study, is DMSA itself invested in Evergrande? + +&#x200B; + +In our view, the dangers posed by the Chinese real estate sector, not only to China, are criminally underestimated. And yes, we are invested ourselves with a comparatively small amount of $50,000 in bonds of Evergrande. For us, this is not a speculative investment, but a means to an end. If Evergrande fails to service the next overdue interest payments on additional bonds by the Nov. 11 deadline, we as creditors will file a bankruptcy petition against the company. This is not trivial, very costly, but it is possible in principle. + +&#x200B; + +Much weightier investors could have done that long ago. Do you really believe that the - if I may say so - insignificant creditor DMSA from Germany can initiate insolvency proceedings against the real estate giant Evergrande? + +&#x200B; + +For us, it's about principle and transparency. In our view, large companies should not simply accumulate vast amounts of debt and then fail to repay it the next moment. Evergrande and Citibank as paying agent are also behaving in a completely non-transparent manner in this process. With the purchase of the bond and a possible bankruptcy filing, we want to publicly provide clarity as to whether Evergrande will still be able to service its bonds in full in the future or is now bankrupt. We are in a fairly comfortable position here, because the other investors have a lot at stake. If Evergrande files for bankruptcy, they will lose more than these interest payments. That's why I think they're holding still. There are also market rumors that some investors and banks are deliberately not informing about the default of the interest payment in order to gain time to sell larger holdings of Evergrande bonds and shares to unknowing investors via derivatives. + +&#x200B; + +German source: [https://www.manager-magazin.de/finanzen/geldanlage/kreditanalyst-evergrande-pleite-ist-faktisch-bereits-eingetreten-a-411d07bc-261d-4aad-95d2-46306487e4a7](https://www.manager-magazin.de/finanzen/geldanlage/kreditanalyst-evergrande-pleite-ist-faktisch-bereits-eingetreten-a-411d07bc-261d-4aad-95d2-46306487e4a7) +I’m so tempted to write covered calls on QQQ 3 times a week. I know QQQ has calls that expire every mon wed fri. Why is it not more beneficial to sell a call that has 1 DTE three times every week to catch that theta??? I kinda understand the risk but can’t you better determine the price at expiration if it’s literally 1 day away?? +I’ve had my fun but It’s time to say goodbye. First a story: + +Each morning on my daily commute i pass through a roundabout in my town. For the past 3 years a wonderful old man in his 80’s has stood at this roundabout waving to people on their morning commute. His name is Peter Van Beek. Sadly, Peter passed away peacefully last month. + +All of a sudden my mornings were missing something and it was surprisingly jarring. Over the years i had seen Peters cheery face through thick and thin, he had put a smile on my face when i needed it most. This man i didn’t even know had left such an impact on me and i was gutted! + +I don’t believe i’m half the human Peter was, but today it feels like i’m experiencing this loss once again; only this time from the other side. I’m just glad i had the opportunity to write my legacy in-front of you all. Everyone must leave something behind when they die, something your hand touched some way so your soul has somewhere to go when you die. This is what Peter ultimately made me realise: Life must be fought looking forwards, a constant battle against your own impending mortality. We live on through the changes we inflict on this world. + +I’ve really enjoyed my time here. Maybe it meant something. Maybe not, in the long run, no explanation, no mix of words or music or memories can touch that sense of knowing that i was there and alive in that corner of time and the world. Whatever it meant. + +So thats it…. I am leaving, but I am living. I will not be gone from you all entirely. When you chatter away in daily threads, I will still be watching over you. When you walk in the world, I will be the light at your side, the ground steady under your feet, the force that drives the poo in your hands. + +My father once said, “To eat is a necessity, but to eat intelligently is an art.” + +Godspeed you beautiful idiots. + + +eat da poo poo 🐒 © +[Link to Draft Red Herring prospectus](https://listing.bseindia.com/download/363156/Zomato%20-%20DRHP%20(April%2027%202021)_20210428025429.pdf) + +Key Stats (INR Millions) + +|Particulars|9M 2021|FY2021\*|FY2020|FY2019| +|:-|:-|:-|:-|:-| +|**Revenue**||||| +|Services|11,204|14,938|22,908|12,814| +|Goods|1,244|1,658|1,075|148| +|"Platform Services"?|564|752|2,063|162| +|**Total Revenue**|**13,013**|**17,530**|**26,047**|**13,125**| +|||||| +|**Key Expenses**||||| +|Salaries (excl ESOP)|4,397|5,862|7,003|5,007| +|ESOP|1,093|1,457|985|1,000| +|Advertisement|3,069|4,092|13,384|12,359| +|Outsourced Support Cost|3,633|4,844|20,937|13,300| +|Payment Gateway|420|560|737|606| +|||||| +|**Loss before exceptionals**|**(3,561)**|**(4748)**|**(22,635)**|**(22,101)**| +|Exceptionals|(3247)|(3247)|(1220)|11,999| +|||||| +|**Key Cash Flow**||||| +|Sale of MF Units|17,687|23,582|40,127|28,246| +|Purchase of MF\*\*|60,794|81,058|21,478|40,868| +|Issue of Shares|45,808|45,808|3916.1|22,644| +|**Net Cash Flow**|**826**|**1102**|**(495)**|**(1133)**| +|**Cash Balance**|**2,482**|**2,482**|**1672**|**2124**| + +\*The info published is 9 Month FY 2021 (April 20 to December 20) so the FY2021 figure is a simple 4/3 of 9 month figures. + +\*\*Purchases has been shown as positive only to avoid confusion. CFS presents it as a negative (Outflow). + +[Link to LivMint Article](https://www.livemint.com/market/mark-to-market/a-first-peek-at-zomato-s-key-financial-ratios-11619606481343.html) +Buying a big project? So hear this: + +We have over 900+ units in this condo, with multiple pools (diving pool, lap pool, etc.) + +And we have the stupidest problem, who seems to be a serial pool-shitter. Twice in a month now he's dropped a turd in the pool, and at least twice more in the past three months. The police have been called, but apparently it's really hard to pick him out of a huge crowd. There are a LOT of people using the pool. + +The pool has had to be cleaned each time, and the maintenance fund is gonna take a big hit. + +Just so you're aware, this sort of stupid nonsense can happen in big projects. +I've been working making $16/hr and upon negotiating a raise was given $0.50. This felt like a slap in the face considering I have been taking on a lot of jobs from different departments that have way more members than my team. I decided it was time to look in to some other jobs in similar lines of work and as of a couple days ago got an offer for $23/hr, $500-$1,000 bonuses per month based on how well I perform and medical insurance that costs about 70% less. This was a huge win for me and a big step in making me feel like I am actually progressing with my life. Don't ever feel like you aren't worth more, and don't get guilt tripped in to the "we are all a family" businesses. Sometimes you have to break off ties and start fresh! + +Edit: Did not expect to wake up to this, thank you all so much for the kind words and advice. :) +Be like ***Samuel L. Jackson***. I got to thinking about this earlier today while I was reading Future Shock (Toffler). What that book has to do with the 72 yr old actor I have no idea. He was unknown when it was written. Idea formulation is weird that way. + +Samuel L. Jackson is an American actor. Most of you are familiar with something he's done. He's been at it for about five decades. Samuel was John Shaft, in Shaft. He was tired of [those motherfuckin' snakes on that motherfuckin' plane](https://www.youtube.com/watch?v=ubLRB7tb78Q). He tells children to [Go the Fuck to Sleep](https://en.wikipedia.org/wiki/Go_the_Fuck_to_Sleep#Celebrity_readings), in a way that only he can make endearing. He was Jules in Pulp Fiction and [Nick Fury, mastermind behind the Avengers](https://www.youtube.com/watch?v=zZkGQkOAFoQ). + +Oh yeah, he's also on the Jedi Council. He gets after it. + +What else does he do? Whatever he wants, I'd guess. Among the highest grossing actors of all time, [his films have grossed north of 27 billion dollars](https://en.wikipedia.org/wiki/List_of_highest-grossing_actors#All_roles). Sure, a large part of it is concentrated on some recent mega-hits like Avengers. Was that an accident, that he got that role? 50 years, 138 films, and 27 billion dollars of work, earning most of it very late in his career? Those are super investor numbers. I'd say it's *luck meeting preparation.* Sounds an awful lot like the career of He-who-shall-not-be-named. + +So how does Samuel L. Jackson do it, and what's it got to do with investment? He's a bargain hunter. + +What's his rule for being in a film? + +* Is it artistic merit? The film has to feed my ego, speak to my soul? Doubt it. See Snakes on a plane. +* Is it diversification? I can't play the same type twice, lest I be pigeon-holed? No. Definitely not. +* It's money. Pay my fee, and I'll be in your film. That's my guess. Money. + +He didn't do Snakes on a Plane because it was going to win an Oscar. He did it because they paid his fee, and it probably looked like fun. Bargain hunter. + +It's a brilliant screening strategy. Pay my fee. *Put enough skin in the game and I'll loan you my reputation and skill set.* This is similar to an investing idea: "Don't tell me what you think, show me what you own." + +That's what we're doing as investors. **Pay my fee, and I'll borrow you money.** That's investment. The fee for common stocks is the expected rate of return. The active investor dictates his (or her) own fee. If we assess situations well, over the long-term we get paid well. + +If anybody could have 10 wives and make it work, it'd be Samuel. He's been married to the same woman for 50 years. They have one (grown) kid. Another trait of a bargain hunter - not needing a long train of baggage (partners, houses, stuff) to be satisfied. + +Did you know he wasn't born famous? He didn't get famous til he was 40. Long after he watched Denzel Washington, Lawrence Fishbourne, and Morgan Freeman get their breaks. Just a few guys who've made a couple movies. Before fame, they were all in running in the same theater circles. Coincidence? Or putting yourself in the right place? Can you think of some famous investors who put in decades of work before they became widely known? + +He didn't split his bets. In dating/love that's called monkey branching (aka two-timing). He worked as an actor. When he didn't have acting work he was on set doing something else. Anything else. Whatever paid. He wasn't in a restaurant waiting tables or tending bar while he waited for an acting role. He was in the studio. Where films get made. Where actors work. He was learning the craft. ***Putting himself in the right place everyday, preparing for opportunity.*** + +Wasn't that his life was perfect. He was a drug addict for a period of time, before he got his first big break (Pulp Fiction). It was that he kept showing up. Kept practicing. Didn't hedge. [Plan B](https://youtu.be/CrRQhY71QUk?t=330) is to pay attention to making sure Plan A doesn't fail. + +Golf is a good comparison. Golf has no hedging. No teammates, no blame game. You put the ball in the hole, or you take a bogie. You've got the proper club for the job. You've sussed out the weather, scouted the terrain. You've taken enough practice swings. Or you haven't, and you get a mediocre score. + +To all the new people showing up to this sub lately, asking how bargain hunting works, here are some answers: + +1. Which books do I read? One per week. For the rest of your life. Knowledge compounds. +2. Which strategy do I adapt? The one that fits your personality. Temperament matters. +3. How do I improve? Show up. Every day. Active investment is a job. + +Every time I'm going anywhere (car, walking, plane, whatever) I'm thinking about businesses. To the point of obsession. + +Why is that Chick-fil-a so successful, yet the Burger King across the street is dying and the Subway next door is boarded up? They all serve chicken sandwiches. What's different? Skin in the game, superior service, consistency in food quality + +Why is this Walmart on the outskirts of town regularly packed, and the Big Lots in the city center only ever has half a dozen cars? What's different? Selection, price, convenience + +Wow look at the For Lease / For Sale sign on that building. "Any reasonable offers considered." This is not a normal advertising sign. That sounds like my favorite phrase, "***at any price***." I should write down that phone # and investigate. + +Stephen King reads books while he's waiting in line. Samuel L. Jackson probably thinks about his next role. I think about businesses. + +Half-assing it in this industry leaves you with far worse results than accepting the indexer's return. + +Be like Samuel, or be somewhere else. + +Footnotes: + +* More math won't save you. Arithmetic is sufficient. Thinking is your edge. +* Discipline without passion won't save you. Be curious or be an indexer and accept average returns. +* Nobody can tell you what you're competent to value. One person's semi-conductor heaven is another person's high fashion hell. Stay in your circle. +* The too hard pile is something that should be taught in grade school, but never is. +First of all, I know that college will not teach you to be a good investor and that the best investors come from different backgrounds, but if you look at it, there are several patterns. + +Carl Icahn, George Soros, Peter Lynch, Peter Thiel, Bill Miller, Jim Rogers, and Guo Guangchang studied philosophy at the university. Icahn says that studying philosophy of the XXI prepares you for acquisitions; Peter Lynch in One Up on Wall Street assures that history and philosophy are the best preparations for investment than mathematics and statistics, and that his courses in logic and philosophy were the ones that helped him the most; Jim Rogers recommends studying history and philosophy in college; Dan Loeb says that to be a good investor you have to be a bit of a philosopher. + +David Abrams, Terry Smith, James Anderson, and Nick Train majored in history. Paul Singer and Leon Levy studied psychology. Steinhardt specialized in sociology. Stanley Druckenmiller studied English. Bill Ackman studied Social Sciences. David Einhorn and Stephen Mandel studied Government. + +You see, there is a pattern of slant towards the social sciences and the liberal arts. I personally want to pursue asset management professionally, and after reading the advice and tips of those I admire, I plan to study philosophy at university. + +So my question is: What do you think is the best college preparation for the investment world or what would you have studied to be a better investor? +As most of you know credit Susie has been on a sharp declining stock price for a while now. Currently a around the very low 4$ per share. They are a large investment bank in Switzerland currently getting backlash from a memo that was released expressing that they had the liquidity and cash to prevent a Lehman brothers situation. Which was also said by the CEO of Bear Stearns before they collapsed in 2008. + +In the case that the memo is true and they due have the cash to stay afloat they are trading at a price to book of .22. Even if there outlook is a long term decline due to poor decisions this seems clearly a value play. + +The worst case scenario. They fail and don’t receive a bailout. In that situation it seems that either a stronger bank purchases them for Pennie’s in the dollar which could potentially break even on the stock price. + +Realistic scenario, they don’t have the cash they say they do but they receive a bailout like the US banks did in 2008. Switzerland is a wealthy country with lots of cash, they are also known for there banking and keeping that reputation is extremely valuable for them. Seems a bailout if necessary would be worth it. + + +Option 2 for realistic scenario. They don’t need to be bailed out and they survive in there own. Even if long term they continue to decline it seems like they are priced so cheaply currently it might be a strong play. + +Any other perspectives would be much appreciated. I wasn’t an investor during the previous financial crisis so I’m not sure what would have happened if you had money in bear stearn. +The bottom on ETH is in, in my humble opinion. You take it or leave it. + +Therefore, I just bought 3 more ETH for $3,500 in long-term cash (unlevered). + +As you all should know, not long ago (actually this April), ETH was at about $3500 each!!! + +Now I can get 3 ETH for the price of about 1 ETH ;-)) What a deal if you ask me!!! + +I'll continue to stack (BTFD), stake and HODL ETH to the richest!!! GLTA!!! + +https://preview.redd.it/qkn2if86ur691.jpg?width=947&format=pjpg&auto=webp&s=86f7cdf3bd3a188a5c1e7d3c223e8e409148aa41 + +https://preview.redd.it/qla1xf86ur691.jpg?width=947&format=pjpg&auto=webp&s=7bc549f0a769c551523b5561bc6a3af1f4265e1c + +https://preview.redd.it/gsvprh86ur691.jpg?width=947&format=pjpg&auto=webp&s=fb6b38c4432c45d2281e5bf8be7daf12693dda21 + +https://preview.redd.it/1a5p8i86ur691.jpg?width=947&format=pjpg&auto=webp&s=a20a5a0f50fbd6ec48253c4a70b2d4509170bf5f +&#x200B; + +[Weekly Report](https://preview.redd.it/47ya3b2oxaa51.png?width=1188&format=png&auto=webp&s=6e62c1522fc6440174b06647b2e17fb63d90774a) + +Yeah guys, this is the chart showing the results from my live algorithm trade. + +I trade cryptocurrencies on Binance exchange. + +Here's the sheet showing all the trades and results: + +https://docs.google.com/spreadsheets/d/1ElkrnPfqNYCV4s44QsAM7fwyFu-FNgjOsJTScmA5qWk + +I just removed the time from the buy/sell orders as most here suggested +Basically title. Maybe this post will also get deleted and I’m crying into the wind, but what’s the point of this subreddit if we can’t discuss the WIDE range of topics related to FIRE? Let the upvote/downvote mechanism do its job. If folks don’t think a topic is relevant, it’ll disappear soon enough. + +What’s the use of a front page mostly filled with old daily FI discussion threads? Am I supposed to comb through all of it for a chance I might find a topic that will interest me? I never look at these threads, even if it’s the current one, because they have horrible organization (within itself) and the visibility of the topics is nowhere near the attention a regular post gets, and thus garner a much weaker response from fewer members. + +I’m willing to bet the large majority of redditors that visit do not regularly engage (whether it’s read/lurk or post) in the daily discussions, and there’s a reason for that. + +—————— + +I know the rationale mods gave the last time this was discussed was that they didn’t want the front page to be cluttered. I want to highlight leanfire as a counter example. That sub isn’t cluttered and contains a multitude of interesting topics. Its members are civil and helpful and use the upvote/downvote function judiciously. It has topics that are 5 days old on the front page. It’s not going to be a problem. + +Yes, this sub is 5x the size and there’s a risk of some extraneous content, but just like the legal system in America, where it prefers to let a guilty person go free than imprison an innocent one, I rather let shitty topics through than lose one good one to overzealous moderation. + +I know the mods have no ill-intent, and I normally lurk and keep quiet, but I really think this sub can reach the next level of helpfulness and promote more stimulating discussion (to even the FIRE veterans) with reduced policing. + +Thanks for listening to my Ted talk. + +Edit: at the time of this edit and after ~10 hours, this post has a 91% upvote rate with 1265 net upvotes. 3 kind people also delayed their own financial independence to flag this post and give it awards. I believe this constitutes enough evidence that the large majority of users here prefer more relaxed moderation. I hope any tweaks to the subreddit’s policies will bear this in mind. +I am about to start an Access to Higher Education course which will enable me to attend university (upon successful completion) at the start of the 2020/2021 academic year. + +I want to work within the field of economics, and am unsure of which university course would give me the best chance of achieving this. + +An economics course could well be the best route for me, but what about computer science? + +Computational economics techniques are widely in economic analysis and forecasting, and I already have about a year of experience learning about the fundamentals of programming. + +So to those who have worked or do work in the field of economics, what do you think would be the best path for me to pursue? A computer science course or an or economics course? +TLDR; We undoubtedly own the fucking float. + +Was going to flair this as data\\education but I guess that's gone. + +I have slightly more screenshots from SuperStonk and WeBull than I have of my own children stored in my phone (it’s actually a lot more – but whatever). WeBull consistently has significant and recurring “data anomalies” concerning GME. I’ve routed questions to WeBull customer service when I notice them, and I always receive a half-baked response. GME is the only ticker that experiences these issues on the daily, so I started screenshotting religiously beginning in December 2021. + +The one WeBull tab I pay the most attention to is the Analysis tab, and with good reason. The tab displays graphs and pricing information for whatever ticker, in this case, GME. The data is surprisingly consistent. I’m not trying to hype this up, but my mind is fucking blown. Hopefully I can articulate this well enough so that you understand why. + +The first screenshot I took of the Analysis tab for GME was on 6/9/2021 (we all know the relevance of this date). I thought nothing of it initially as I wasn’t informed enough to know any better. + +Look at the details for 6/9/2021 and tell me what you see. + +&#x200B; + +[6-9 Avg cost: $156, close: $302.56](https://preview.redd.it/sx07opcfpwj81.png?width=372&format=png&auto=webp&s=209e4cefeb0c1811e78764327b350add61d4d78e) + +The glaringly obvious metric here is the “Profited Shares at Market Close”, which shows on 6/9/2021, 95% of the float (I did not misspeak when I said float) was profitable at that time below the closing price of $302. The Cost Concentration (overlapped portion between 90% price range and 70% price range\*\*)\*\* shows 90% of the positions purchased were in the $54-$296 price range, while 70% of the positions purchased were in the $85-240 range. Don’t get me wrong, I’m an idiot, but I’m an observant idiot so I ask that before you discount what I'm saying, give me a chance to lay all of this out for you beforehand. I'm totally fine with being wrong. + +I reached out to WeBull about the Analysis tab last month because I started to wonder if the data displayed was only reflective of the shares owned by WeBull customers. Spoiler: It’s not. + +&#x200B; + +https://preview.redd.it/ycd9a3sqqwj81.png?width=375&format=png&auto=webp&s=212c83518a59e073fe0016cdb673eeec1a461487 + +https://preview.redd.it/y7evc4sqqwj81.png?width=375&format=png&auto=webp&s=80ab839d56c670a8285f8c2ac7124267a0b13e4c + +I didn’t really understand what “NBBO daily k data” represented. I know NBBO = National Best Bid and Offer but I didn't know shit about the rest. I did find a quant lesson that detailed k-lines as well as a scholarly source with additional details. While I’m not 100% sure this is what the rep was referencing, it seems she's referring to the k-line data. Don't understand why she couldn't just say candles, but whatever. K-line summary: + +“As defined in literature \[4–6\], the K-line is drawn by four basic elements: close price, open price, high price, and low price, where the part between the close price and open price is drawn into a rectangle called body of K-line and the part between the high price and body is drawn into a line called upper shadow of K-line. Moreover, the part between the lower price and body is drawn into a line called lower shadow of K-line. This kind of very personalized lines consisting of upper shadow, lower shadow, and body is called K-line.” (source: Lv Tao, Yongtao Hao, Hao Yijie, Shen Chunfeng, "K-Line Patterns’ Predictive Power Analysis Using the Methods of Similarity Match and Clustering", Mathematical Problems in Engineering, vol. 2017, Article ID 3096917, 11 pages, 2017. [https://doi.org/10.1155/2017/3096917](https://doi.org/10.1155/2017/3096917) ) + +Anyway, back to my claim from earlier (specifically, “on 6/9/2021, nearly 96% of the float was shown as profitable at that time.”) Now that it’s been confirmed by WeBull that the values contained in the graphs is not restricted to that of WeBull users, let’s see official explanations from WeBull concerning these metrics: + +&#x200B; + +[Source: WeBull](https://preview.redd.it/tu7xg2e1twj81.png?width=365&format=png&auto=webp&s=dc266be129ce07f7c8dcab2aa48a74803e46023c) + +I also checked around some more as I did not want to rely on one explanation (this one indicates insider shares are excluded from the float count): + +&#x200B; + +[Source: MooMoo \(trading platform\)](https://preview.redd.it/r74ynk3dtwj81.png?width=795&format=png&auto=webp&s=2bef7ccfd279d44f0539272fcf22fe2ce85d9aca) + +I also thought this cached FAQ answer was moderately interesting, as WeBull seems to leave this part completely out of the updated FAQ response. + +Cached explanation: + +&#x200B; + +[Cached WeBull FAQ \(Google\)](https://preview.redd.it/1goby1kytwj81.png?width=688&format=png&auto=webp&s=ec7d8803bb37444e1540ff5c98e37e403c51d590) + +Updated explanation (note the word change as well, which I thought was a significant detail): + +&#x200B; + +[Updated WeBull response \(clicking on the link from the cached FAQ\)](https://preview.redd.it/wox4bd22uwj81.png?width=827&format=png&auto=webp&s=f2da0efa691bf2e28f420c9350b32ff8e6606f20) + +Obviously, the metrics for the position cost distribution is going to be formula-based and algorithmic. Using the feedback by the WeBull rep, I’m going to assume the formula is based on the aforementioned “daily k” data – which may or may not reset every 160 trading days. 160 trading days (excluding holidays and weekends, obviously) from 1/1/2021 would have been….. 6/9/2021. + +&#x200B; + +[Source: Nasdaq](https://preview.redd.it/s8aazigguwj81.png?width=883&format=png&auto=webp&s=3e085fbf4f2acf5435993a28e31f13f37e903216) + +The fact of the matter is that the position cost distribution from the 6-9 screenshot clearly shows 95% of the float was registering as purchased, the bulk of which is shown to be purchased between the prices of $54-$240. THIS WOULD NOT BE POSSIBLE. Why? Institutional ownership percentages have remained pretty steady as of 2019 if this data is correct (which, obviously it isn’t). Another factor supporting this sentiment: GME’s peak had never gone beyond $40-ish (in 2008) prior to Jan. 2021. It’s not possible for 90% of the float to be registered at these price points when retail was said to have 53% ownership as of Oct. 2021. Retail was said to have even less ownership in early 2021, IIRC. + +&#x200B; + +[https:\/\/www.yahoo.com\/video\/ownership-structure-gamestop-corp-nyse-134334863.html](https://preview.redd.it/zhivxto5vwj81.png?width=796&format=png&auto=webp&s=9df56ac4eeff323cc8ddcc458622551dd9aa01c6) + +&#x200B; + +[https:\/\/www.nasdaq.com\/market-activity\/stocks\/gme\/historical](https://preview.redd.it/nesi7288vwj81.png?width=815&format=png&auto=webp&s=0428116bf357d1c8931103b3ec7e619ac912ba27) + +&#x200B; + +[Source: CNN](https://preview.redd.it/mxy3npdavwj81.png?width=637&format=png&auto=webp&s=fda2fc0f75fd3563e816a71175ddd9e3ff1aecaf) + +Why is all of this shit relevant? Recall earlier when I mentioned I’d been screenshotting this tab since Dec. 2021? You guys have purchased the fuck out of this stock, and the average cost has STEADILY decreased. Not only was 95% of the float owned at high price points as observed on 6/9, but if the algo really does reset the metrics every 160 trading days (seems to be accurate), **we have re-purchased 60% of the float so far in 2022.** They really fucked up by pushing the price down to these levels. Pay attention to the changes in the metrics and eyes on the chart as it expands. The data is consistent. + +Collage of my phone screenshots because I didn't want to risk going over the max image limit: + +[Dec - Jan](https://preview.redd.it/v3lisqervwj81.png?width=1853&format=png&auto=webp&s=a85f6cacc99b3a1de923f3352577ed306aeea4c9) + +&#x200B; + +[Jan 14 - Jan 27](https://preview.redd.it/aukbg6gowwj81.png?width=1869&format=png&auto=webp&s=c0bfdf8380ca7c4517de20592d51824e9e9d81ba) + +&#x200B; + +[Jan28-Feb10](https://preview.redd.it/uh8wt3jfxwj81.png?width=1882&format=png&auto=webp&s=55778b4da8ecbb24261b147efd73c226868b879b) + +&#x200B; + +[Feb 14-Feb24](https://preview.redd.it/0d3jjr16ywj81.png?width=1125&format=png&auto=webp&s=eb896058cf0c41b0d3af68dcf7d03cb1236603b7) + +**The price is wrong, bitch.** + +&#x200B; + +EDIT: I understand the significance and importance of DRS. When I said "we own the float", I meant it in theory. DRS means we own it on paper. Buy, hodl, DRS, support GameStop. + +There are a shit ton of posts with copious amounts of data that show we own the float several times over. I didn't repeat this because we're all very much aware. + +Thanks for the awards and for taking the time to read and comment. + +&#x200B; + +EDIT 2: The assumptions here are being challenged. I strongly support transparency and accountability and I also love a good counter-argument, so I figured it was worth exploring. Here are some potentially legitimate responses: + +&#x200B; + +https://preview.redd.it/wstgadwts0k81.png?width=911&format=png&auto=webp&s=5309d5bada8665e6fc680e7f76f7a53f367f13ef + +https://preview.redd.it/wqa8xkwts0k81.png?width=866&format=png&auto=webp&s=6da2a5224a953d706d3208731f315f40f8ac87d2 + +We don't have an actual formula to determine what the exact variables are used for the probability model. I'm not just being humble when I said that I'm an idiot. Maybe one of the quants can simulate a model using the open, close, high, low, and volume to produce something that will align with the counter-arguments. I was merely working with what the information that's available from the sources themselves. I'll do my best this weekend to drum something up in response to these, and I encourage others to provide constructive criticism to help draw a reasonable conclusion. + +&#x200B; +A lot of crypto fans talk about how central banks and their associated currencies have built-in inflation. + +Why do central banks have inflation targets like 2%, as opposed to 0% ? + +Is inflation seen as a necessary evil to encourage investment into new innovations (in other words, create a need to invest to beat wealth devaluation) ? +The most intense vote in crypto history now has only 20 more hours to go before it finally closes after a week long running vote.[trustnodes.com](https://www.trustnodes.com/2018/04/23/three-million-eth-now-voted-52-restoring-paritys-eth) +How often do academics go on to trade using their fancy stochastic volatility models? + +There are mountains of papers that can be found that describe very fancy stochastic volatility models. Most of them are extensions on top of basic models such as https://en.wikipedia.org/wiki/Stochastic_volatility#Basic_model. There is a good mix of both theory focused and application focused (i.e. modelling historical data) papers. + +What's surprising to me is that I can't seem to find very much information about these models being used in practice for live trading. Does anybody know why? Assuming that the models are somewhat achieving their stated goals, one might think that it would be possible to for example trade options profitably via the model's superior volatility forecasts. A lot of the fanciness and extensions in the models, such as volatility clustering and skewed/leptokurtic distributions of log returns, actually *can* be observed in empirical data. + +I would hope that one of the following explanations is true: + +* The models have zero predictive power in practice. For some reason, it's better to not even try to model volatility with them, than otherwise. + +* The models do have some predictive power, however on average are dominated by bid/ask spread and trading fees, so it's impossible to trade profitably using solely them. + +* The models do have some predictive power, and it *is* possible to trade profitably using their forecasts. For some reason, there have been no papers or accounts of this in the, for example, ~40 years that ARCH models have existed. + +Does anyone have any insights here? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +Life got busy and my variable home loan with a “big four” got to 4.9% when I wasn’t looking. + +I sent their in-app chat bot the following message: + +“Hi, I have a variable home loan currently at 4.9%. I’m thinking of refinancing – can you do a lower rate?” + +Within minutes they offered me 3.54% as of today. + +Not even sure if that’s still good or not and will still refinance when I have time but it’s better than what it was and only took a few minutes’ effort. +So I went into Verizon to open a new plan. After unboxing the phone and deciding on a plan I went to pay for my new plan and the salesmen charged my card the wrong amount. It became clear that the salesmen was either new or just didn’t know what he was doing. I asked for a refund and I decided not to open up the plan at all. I left the store without the phone and with two refund receipts. One refund receipt for the phone and one refund receipt for the plan that I never opened. This all took place in the course of an hour. I never opened the plan or left the store with the phone and I have now been sent to collections by Verizon for the cost of the first month of a phone plan I never opened up. I contacted the store and they said they can’t help me. They told me to call Verizon directly. I called Verizon directly and they said to call the store. What do I do? Please help +Everyone i know is locked down with a mortage on homes costing a minimum of 400k. + +I seem to be the odd one out who wants to buy something small and affordable (100k) for now and diversify into index funds. + +My thinking is if people are justifying going all in on a home because you expect prices to climb whats wrong with a smaller home? If you choose the right location and the smaller home isnt particularly terrible why wont it rise in price the same way? I could always sell the smaller home and move up right? Not to mention you arent sure if you will sell that home as you havent deliberated whether its an investment or a home you will stay in for the long haul. + +I talk about this with people and i get weird looks. + +Did i miss a memo? Am i naive? + +Maybe i should ask you guys + +redditors who bought a small home, any regrets? +Uber Technologies Inc. lost a U.K. Supreme Court ruling over the rights of its drivers, in a landmark decision that threatens the company’s business model in the country. + +The judges said that Uber drivers were “workers” entitled to rights like minimum wage, holiday pay and rest breaks. The court said the contact terms were set by Uber and working conditions were controlled by the company. + +"Uber Loses U.K. Top Court Ruling on Drivers’ Employment Status - Bloomberg" https://www.bloomberg.com/news/articles/2021-02-19/uber-loses-u-k-top-court-ruling-on-drivers-employment-status +I read somewhere (probably here) that this might be the cheapest way to own a car: Buying a shit car, driving it until it breaks and then getting another shit car. + +The math looks like it works out great, but I'm not a numbers guy. Can anyone confirm this idea, or tell me why it's too stupid to do? + +Just to be clear, I can afford a much better car right now, but would rather use my savings for other things - like saving. +I already know I'll get some heat for this but I think it needs to be addressed. + +A lot of "wheelers" in this sub are following the 30-45 DTE, 30 delta, close @ 21 DTE or 50% profit strategy for wheel, **which works fine**. The problem is, this strategy is **NOT** designed for wheel. Why is that? + +The wheel strategy by definition is selling CSP on a stock you **DO NOT** mind being assigned on. Ideally, these puts expire worthless. But you are willing to hold the shares if assigned. Then sell CC at or above the cost basis of your newly acquired shares until you are assigned on the calls. Then repeat. + +Now lets look at the 30-45 DTE, 30 delta, close @ 21 DTE or 50% profit strategy. We sell a far away expiration to take advantage of the extra premium. This increases our breakeven window and gives us more time for the stock to move in our favor. We sell at 30 delta because, according to lots of analysis, this is the best delta for risk/reward. A 70% chance the option is OTM on expiration day and pays a decent amount of premium. + +We close at 50% profit simply because that is an acceptable profit and we do not wish to keep the position open due to fear of assignment. Or, we close at 21 DTE because after that, gamma starts to increase rapidly and indirectly affects assignment risk because a negative move against us makes it harder to manage our position. This is known as gamma risk. Gamma is simply the amount that delta changes given a $1 move in the underlying. + +**EDIT:** “Closing short positions at 50% profit has been shown to increase the probability of profit and overall P&L compared to holding to expiration when backtested by tastytrade, that’s why people do it” **Thank you u/petriefly42 for the correction** + +Lets use selling CSP as an example. If gamma is high and the stock starts falling, causing the stock to drop multiple dollars, delta will be extremely high, making it more expensive to "buy to close" your position. You may be influenced to hold out and wait for the stock to recover than take a massive loss buying your puts back, indirectly affecting assignment risk. + +But wait, if you're wheeling, assignment does not matter. This strategy does not make sense for wheel because it is a strategy that is designed to avoid assignment. This strategy makes a lot of sense for someone selling CSP, but actively trying to avoid assignment. **That is not wheel**. + +**This is why I suggest wheelers sell weeklies @ 20 delta**. Let me break it down for you. + +Selling weeklies gives you more premium than monthlies if you take the monthly premium and divide it by 4. On top of that, weeklies compound 4x as fast as monthlies, which makes a **massive** difference in the long run. + +Weeklies have a lower total premium though compared to monthlies, so the breakeven window is significantly smaller and you have less time for the stock to move in your favor. To counter this, I suggest selling at 20 delta. This improves your breakeven compared to selling at 30 delta and while you still have less time for your stock to move in your favor, your strike is lower so it has to move against you much more than a 30 delta strike. + +Since we are wheeling, that means we have picked a stock that we are confident in holding shares of and **WILL NOT** "buy to close" our positions for a loss in fear of being assigned. We will hold until they are worthless and only close out positions when they are worth 0.01 so we can free our collateral and sell again for extra time value. + +Seems to make sense right? Lets look at a real life example. I'll use SPY for this demonstration. Obviously, I'm making this post on Tuesday so these won't actually be "true" weeklies and monthlies since there's an extra 3 days but that's constant for both weeklies and monthlies, so in terms of comparison, it is still accurate. + +**SPY 356p 12/11** = **Premium:** 1.42 **Delta:** .2026 **Breakeven**: 354.58 **Return:** 0.398% + +**SPY 353p 1/15** = **Premium:** 5.89 **Delta:** .3078 **Breakeven:** 347.11 **Return:** 1.66% / 6 = 0.276% + +**EDIT:** The 45 DTE @ 30 delta strategy might actually work better in specific cases. For example, 50% profit of 1.66% = 0.83%. Lets say our option makes a 50% profit in the first week and we close out. That is a 0.83% weekly return. But if it takes 2 weeks to close, that is 0.415% weekly return. Finally, if it takes 3 weeks to close, it would be a 0.276% weekly return, and the weekly @ 20 delta strategy finally wins. **Thank you** u/validscramble **and** u/Yumewomiteru **for making this point.** + +So, what did we learn? Selling a weekly @ 20 delta had a worst breakeven, but a better return. I compared it to a 45 DTE instead of 30 DTE for this example because 45 DTE gives more premium due to a longer expiration. As we discovered via feedback, the 45 DTE @ 30 delta, buy back at 50% profit strategy actually BEATS the weekly @ 20 delta IF the option has made a profit of 50% in the first two weeks. + +My theory is that I do not want to be in a position for more than a week. Think about it. Assuming we sell the 45 DTE and do not plan on buying back our options, we are keeping our position open for 1.5 months. A lot can happen to a stock in 1.5 months. Yes, our breakeven is better, it should be! We are exposing our self to the market for much longer, giving the stock more time to move against us. In return for this risk, our breakeven is lower and total premium is higher. + +This is why selling weeklies @ 20 delta is actually **LESS** risky, in my opinion. And we get a much better return. + +Well, that's all I've got boys. Cheers. + +TLDR: You should really read this if you're in the group I'm talking about + +**EDIT: I fucked up the math big time. 45 DTE return needs to be divided by 6, not 4, to put it in weekly terms. I went brain dead. It has been updated. Thank you** u/validscramble **for pointing this out!** +I just want to say a big thanks to all the people in this sub. Since joining here a couple of months ago I have finally started to get my financial house in order. I’ve cleared the credit card debt, stashed some emergency savings and today I managed to negotiate a discount on my home loan interest rate ( paying it off actually looks in reach within the decade now!!!) It’s the tips from this group that have really helped. I want to build up a healthy emergency fund buffer and then take the next step to investing. Thanks! +So help me understand this. My mortgage is at 5% interest, CDs only pay 3% interest . Am I better off paying down my mortgage (interest is a write off anyway) or investing? Currently considering ibonds (9.62% interest). Any ideas on how to grow my money over the next few years? +I’m currently in a halfway house, theyre getting me a job where I will be making 17.50-18.50 an hour. I am in a rough spot but want to bounce back and get back on my feet in the 4 months I’ll be here. Rent is about $500 a month here. The fines and parole fees I owe add up to about $150 a month. What is the best way/ how much can I save while I’m here? I also want some suggestions on what I should save up for and what goals should I be trying to reach financially. Thanks y’all! + + +**# What is $RAINBOW?** + +$RAINBOW is a hyper-deflationary, multi-faceted token that employs 7 resilient protocols popular right now in crypto. These seven protocols give it a unique position in the market to weather any type of storm. + +It is built by experienced & doxed developers, who have transitioned across to this project from DiamondHold, a project which hit $12M market cap at its peak; and had Ragnar (previous SafeMoon CM) express interest in joining the team. + +This project isn’t another meme token, the devs are committed to building a presale launch platform called Bifrost that will rival DxSale, and they’ve mentioned multiple other products in the pipeline. They’re building a whole ecosystem behind Rainbow, these are early days! + +Telegram: \[[https://t.me/rainbow\\\_crypto](https://t.me/rainbow_crypto)\] + +**# How does the token work?** + +Each buy transaction is taxed 7% and split into seven equal portions: + +🔴 Burn: A portion is permanently burnt directly to the dead address. Since the dead address also has reflections enabled on it, a faster rate of burning occurs as the number of RAINBOW tokens in this dead address builds. This makes the token truly hyper deflationary, reducing the supply over time and making each token more scarce / valuable! + +🟠 Buyback: A portion of the tax is sold into BNB which is stored inside the contract. This BNB is then used to purchase back tokens after every sell. The purchased tokens are then permanently burnt, meaning the price permanently increases relative to the circulating supply. + +🟡 Reflect: A portion is reflected to every existing holder based on the % of the total supply they are holding. This means just by holding $RAINBOW you earn an interest yield automatically and straight into your wallet. + +🟢 Charity: A portion is used to donate to charities that the development team and community feel strongly about. + +🔵 Liquidity: A portion is used to increase the size of the liquidity pool. This means as time progresses, the price impact of relatively large sells goes down, and larger investors are able to purchase bigger amounts without losing out to slippage. This both alleviates some of the sell pressure whales can put on projects, and allows a larger range of big investors to buy into the project. + +Ⓜ️ Marketing: A portion is sold into BNB and sent to a marketing wallet. These funds are solely used for business & marketing purposes, helping spread the word of $RAINBOW so that more potential investors are exposed to the project. + +🟣 Lottery: A portion is held in the contract inside a side pot. These extra tokens are awarded to a random (real) buyer, this provides further purchase incentive for Rainbow and awards real active investors instead of bots. + +&#x200B; + +They also have their own anti-whale tax bracket for large volume sellers - this is incredibly important as it reduces sell pressure from whales considering dumping their supply! + +For more in depth information on each protocol and the project in general, check out the whitepaper: \[[https://rainbowtoken.finance/whitepaper.pdf](https://rainbowtoken.finance/whitepaper.pdf)\] + +**# Why $RAINBOW?** + +Other than the fact that $RAINBOW has a great and unique idea, these are the reasons why I know I want to be a part of it: + +&#x200B; + +🌈 Presale Launchpad utility for the token + +🌈 Soon to list on CMC + +🌈 Buyback & burn of over 100 BNB to come after it has listed on CMC 💰🔥 + +🌈 Listed on XT Exchange + +🌈 Presale & private sale both SOLD OUT incredibly fast + +🌈 Verifiably doxed & experienced developers + +🌈 Liquidity locked for over a year + +🌈 No dev owned tokens + +🌈 Incredible marketing plan + non-stop socials growth + +🌈 Clean brand and vision + +&#x200B; + +For all these reasons, this project is more than worthy of being a part of - but don't take my word for it! Read the whitepaper, come join the Telegram and as always, DYOR. + +\# Links + +Telegram: \[[https://t.me/rainbow\\\_crypto](https://t.me/rainbow_crypto)\] + +Website: \[[https://rainbowtoken.finance/](https://rainbowtoken.finance/)\] + +Twitter: \[[https://twitter.com/rainbowtokenbsc](https://twitter.com/rainbowtokenbsc)\] +Another twist in the Twitter acquisition soap opera. Posted since quite a few people had been interested in arb-ing the acquisition recently. + +https://www.reuters.com/technology/musk-says-44-billion-twitter-deal-hold-2022-05-13/ + +>May 13 (Reuters) - Elon Musk on Friday put his $44-billion deal for Twitter Inc (TWTR.N) temporarily on hold, citing pending details in support of calculation that spam and fake accounts indeed represent less than 5% of users. + +>Shares of the social media company fell 17.7% to $37.10 in premarket trading, their lowest level since Musk disclosed his stake in the company in early April and subsequently made a "best and final" offer to take it private for $54.20 per share. + +>The implied probability of the deal closing at the agreed price fell below 50% for the first time on Tuesday, when Twitter shares dropped below $46.75. read more + +>Twitter had earlier this month estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter, when it recorded 229 million users who were served advertising. + +>"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk tweeted on Friday. + +More: + +https://www.bloomberg.com/news/articles/2022-05-13/twitter-shares-slump-after-musk-says-takeover-on-hold + +https://www.wsj.com/articles/elon-musk-tweets-that-twitter-deal-is-temporarily-on-hold-11652436335?mod=hp_lead_pos1 +hey guys . saw a post asking what happened to me and im just giving yas an update and lettin yas know im still here increasing my position every week and holding :) ive also voted + +deleted the post for privacy reasons as i realised that in my heightened emotional state and excitement at so much interaction and messages i may have inadvertently revealed a bit too much personal info in the comments for me comfort and also i usually delete almost all my posts at some point no matter how big they get . its just what i do + +im honored that my post reached top of all time at 1 point + +mainly making this post coz ive seen some confusion/speculation among my fellow users as to why i deleted the post with some theorizing it was fake . i def understand how the post would have come across as fake to some especially after it being deleted . also coz i was so casual and memey about it but thats just me having thick skin and being able to laugh at bad situations + +and i fully agree with being skeptical of things you see online but im here to give my personal assurance that the post was indeed authentic . + +TO THE MOON APE BROTHERS!!! +Does anyone else see the similarities Meta stock has to when Buffett originally purchased Apple. 2016 Headline of when Berkshire first initiated their stake. + +“Buffett's investment in Apple comes as Carl Icahn, +another famous investor with a long history of +taking activist stakes in tech firms, sold more than +45m Apple shares and said the company was no +longer a +no-brainer" investment. Berkshire Hathaway, which +manages assets and +investments of more than +$500bn, disclosed in a +regulatory filing on Monday +that it held 9.8m Apple shares +as of 31 March. +Apple's shares, which have lost almost a third of +their value since mid-April when the firm +announced its first quarterly drop in sales in 13 +years, rose 3.4% to $93.50 dollars by 11am on +Monday following the news.” + + Regardless of the negative news I see Meta as a no brainer investment at these prices and am swinging big, betting my entire liquid net worth on it. (I do this for a living). + As of writing this Meta has a market cap of $350 billion. Free cash flow net profit of around $40 billion, not counting the 10 billion being lost put towards innovation to compete with companies like apple developing Oculus. They have enough cash on hand to buy back 10% of the company. They have a young leader that owns a large portion of the company and is still very involved with the innovation, but otherwise the company could be ran by an idiot(some speculate it already is). + It’s young in its journey as a public company with only around 10 years public. Extremely attractive returns on their investments and current portfolio of companies, a very high margin business with an extreme moat. New to the game of reels plus whatsapp is a profit monster that hasn’t been unleashed yet. While Facebook might be a cigar butt its a cash flow king with their Ai marketing. + My conclusion? Its as close to a sure thing swing as I have made since buying tesla at a 40 billion market cap(that was a much more risky bet). With the tide of investments flowing outward due to this fed induced recession it might indeed fall with the market, but I’m betting long term. +Hi there, + +Today my bf almost signed for finance on a car. Right before it went through one of the sales people informed us the car had a malfunctioning turbo and needed to be replaced first, we decided to walk away from it. + +The car was valued at £10,400 cash price. The APR was 19.9%, but the total cost of credit would have been a bit over £5000. If the APR is 19.9%, how come the amount of interest would actually be around 50% of the value of the car? I have never understood how APR works, so if someone could give me an ELI5 that would be great! + +And they made us put a £99 deposit down so I get to have an argument with them to get it back, any tips on that would definitely be appreciated haha. + + +Thanks! + +Edit: totally meant to write the title as “please *help* me to understand how APR works” but it’s Sunday and I’ve just woken from a nap + +Second edit: thanks everyone for all of your responses. He’s been applying for loans today but sadly none of them will offer a better rate. His credit isn’t great, he has tried to improve it with a small credit card he pays off consistently, but it’s taking some time to go up. He earns a decent wage so paying finance isn’t unaffordable to him, but I don’t want him getting bent over on interest! Cars are mad atm, £1000 will get you a shitbox with no history, I’ve seen ads asking that much for 2003 polos with 100,000+ miles on! +I hope this is an OK place for this, but I wanted someplace to share with people who could possibly understand. I'm grateful to still have a job during this time and still actually got a cola. + +I am finally earning more than what my monthly bills are. I work full time and receive child support but I have been working really hard at trying to keeping my monthly bills low so I can survive without the child support. I hated depending on it because there was always a possibility it wouldnt come, either at all or on time. + +About a year ago I started reworking my budget to where I did not depend on that deposit to pay a bill. When I got it I would transfer it to savings so it would be there when I needed it, usually to make up a deficit near the end of the month. I was reviewing my budget and noticed that I am now earning more than my bills. I don't **need** the child support anymore and it feels really good! +From the Justice Department: + +Beginning in approximately October 2020, ISHAN WAHI worked at Coinbase as a product manager assigned to a Coinbase asset listing team. In that role, ISHAN WAHI was involved in the highly confidential process of listing crypto assets on Coinbase’s exchanges and had detailed and advanced knowledge of which crypto assets Coinbase was planning to list and the timing of public announcements about those crypto asset listings. Beginning at least in August 2021 and continuing through May 2022, ISHAN WAHI was a member of a private Coinbase messaging channel reserved for a small number of Coinbase employees with direct involvement in the Coinbase asset listing process. The private channel was used to discuss, among other things, “exact announcement / launch dates + timelines” that Coinbase did not wish to share with all of its employees. + +***The Insider Trading Scheme:*** + +On at least 14 occasions beginning at least in June 2021 and continuing through April 2022, ISHAN WAHI knew in advance both that Coinbase planned to list particular crypto assets and the timing of Coinbase’s public announcements of those asset listings and misappropriated that Coinbase confidential information by tipping either his brother, NIKHIL WAHI, or ISHAN WAHI’s friend and associate, SAMEER RAMANI, so that they could place profitable trades in those crypto assets in advance of Coinbase’s public listing announcements. + +After getting tips from ISHAN WAHI, NIKHIL WAHI and RAMANI used anonymous Ethereum blockchain wallets to acquire crypto assets shortly before Coinbase publicly announced that it was listing or considering listing these crypto assets on its exchanges. Following Coinbase public listing announcements, NIKHIL WAHI and RAMANI sold the crypto assets for a profit. Based on confidential information provided by ISHAN WAHI, NIKHIL WAHI and RAMANI collectively traded shortly in advance of at least 14 separate Coinbase public listing announcements concerning at least 25 different crypto assets. As a result of the insider trading scheme, NIKHIL WAHI and RAMANI collectively generated realized and unrealized gains totaling at least approximately $1.5 million. + +To conceal their purchases of crypto assets in advance of Coinbase listing announcements, NIKHIL WAHI and RAMANI used accounts at centralized exchanges held in the names of others, and transferred funds, crypto assets, and proceeds of their scheme through multiple anonymous Ethereum blockchain wallets. NIKHIL WAHI and RAMANI also regularly created and used new Ethereum blockchain wallets without any prior transaction history in order to further conceal their involvement in the scheme. + +***ISHAN WAHI’s Attempt to Flee the United States:*** + +On April 11, 2022, Coinbase announced that it was considering potentially listing dozens of crypto assets on its exchanges. Based on Coinbase confidential information provided by ISHAN WAHI, RAMANI caused multiple anonymous Ethereum blockchain wallets to purchase large quantities of at least six of the crypto assets that were to be included in Coinbase’s April 11, 2022 listing announcement. + +Shortly after RAMANI traded in advance of Coinbase’s April 11 listing announcement, on April 12, 2022, a Twitter account that is well known in the crypto community tweeted regarding an Ethereum blockchain wallet “that bought hundreds of thousands of dollars of tokens exclusively featured in the Coinbase Asset Listing post about 24 hours before it was published.” The trading activity referenced in the April 12 tweet was the trading caused by RAMANI. Coinbase thereafter publicly replied on Twitter noting that it had already begun investigating the matter and a few weeks later stated in a public blog post that any Coinbase employee who leaked confidential company information would be “immediately terminated and referred to relevant authorities (potentially for criminal prosecution).” + +On May 11, 2022, Coinbase’s director of security operations emailed ISHAN WAHI to inform him that he should appear for an in-person meeting relating to Coinbase’s asset listing process at Coinbase’s Seattle, Washington office on Monday, May 16, 2022. ISHAN WAHI confirmed he would attend the meeting. + +On the evening of Sunday, May 15, 2022, ISHAN WAHI purchased a one-way flight to India that was scheduled to depart the next day shortly before ISHAN WAHI was supposed to be interviewed by Coinbase. Prior to boarding the flight, ISHAN WAHI falsely told Coinbase employees that he had already departed for India when he had not. In the hours between booking the flight and his scheduled departure, ISHAN WAHI called and texted NIKHIL WAHI and RAMANI about Coinbase’s investigation, and sent both of them a photograph of the messages he had received on May 11, 2022, from Coinbase’s director of security operations. Prior to boarding the May 16, 2022 flight to India, ISHAN WAHI was stopped by law enforcement and prevented from leaving the country. + +You can read the entire transcript here: + +[https://www.justice.gov/usao-sdny/pr/three-charged-first-ever-cryptocurrency-insider-trading-tipping-scheme](https://www.justice.gov/usao-sdny/pr/three-charged-first-ever-cryptocurrency-insider-trading-tipping-scheme) +I'm a Software Eng. and therefore will only cover the technical aspects. As you might already see in the title, I'm bearish on BB. I decided to share my thoughts, since a lot of people (and analysts) seem to overvalue the potential growth of the stock.I want to give a quick and **very abstract** introduction on technical terms: + +# Technicalities + +BB's QNX is a commercial Unix-like operating system, aimed primarily at the embedded systems market. In other words QNX can be run as a base on probably everything that is considered a computer ([IOT](https://en.wikipedia.org/wiki/Internet_of_things)), since it's Unix-like nature. [According to BB](https://blackberry.qnx.com/en) it powers train controls, ventilators, automation systems etc. + +Why would someone use QNX? According to BB because it is [save](https://blackberry.qnx.com/en/resource-center/qnx-certifications), secure, scalable and reliable. Focusing on cars (because that's what everyone talks about in this context, especially after the AWS news) a car manufacturer could implement QNX as the OS and on top of that develop everything else - for example the GUI, an app-store etc. + +However some, in fact most of the biggest car manufacturers, already developed or about to develop their own OS. Why? Only they know. [It's a common problem in the IT industry](https://xkcd.com/927/). + +# Contra BB (QNX): + +The following car manufacturers are [the biggest in the world](https://www.investopedia.com/articles/company-insights/091516/most-profitable-auto-companies-2016-tm-gm.asp): + +1. Toyota +2. VW +3. Daimler +4. Ford +5. Honda +6. BMW +7. GM + +&#x200B; + +1. [Toyota ditched QNX](https://www.obj.ca/article/blackberry-qnx-defensive-over-loss-toyota-open-source-linux-software) for [AML](https://www.automotivelinux.org/about/) (Linux). +2. [Volkswagen ditched QNX](https://arstechnica.com/cars/2019/09/volkswagen-audi-porsche-vw-group-plans-one-os-to-rule-them-all/) and develops [vw.os](https://www.volkswagenag.com/en/news/2019/06/volkswagen-with-new-software-unit.html) (Linux), which will be implemented across **all Volkswagens, Audis and Porsches**. Other car manufacturers, which are part of the VW group, that is Skoda, Seat, Lamborghini, Bugatti, **Skania, MAN** etc. are not confirmed so far, but I'm sure they will follow. +3. Daimler ditched QNX for [MBUX](https://www.mercedes-benz.com/en/innovation/connected/mbux-mercedes-benz-user-experience-revolution-in-the-cockpit/) (Linux). Although the t[erm MBUX seems to refer to more than just the OS](https://media.daimler.com/marsMediaSite/en/instance/ko/At-a-glance-The-key-data-on-MBUX.xhtml?oid=32705799). every new Mercedes build since 2018 comes with MBUX instead of QNX. +4. [Ford just dropped QNX this week](https://www.obj.ca/article/techopia/ford-drops-blackberry-qnx-infotainment-platform-inks-deal-google) and will use Google's [Android](https://en.wikipedia.org/wiki/Android_(operating_system)) instead. +5. Honda seems to stay with QNX. +6. [BMW ditched QNX](https://www.drwindows.de/news/11641-unsichtbare-dritte-marktueberblick-ueber-connected-car-betriebssysteme) and uses iDrive (Linux), although it seems that QNX is still working under the hood. +7. [GM ditched QNX](https://www.autonews.com/article/20141104/OEM06/141109954/gm-to-roll-out-android-cars-in-2016-supplier-says?source=content_type%3Areact%7Cfirst_level_url%3Aarticle%7Csection%3Amain_content%7Cbutton%3Abody_link) a few years ago and uses, just like Ford, Android. + +I didn't research the other car manufacturers, because the trend seems clear to me. Feel free to research them and let me know what you come up with. For anyone curious about Tesla, [it looks like they use Linux/Android.](https://www.tesla.com/de_DE/careers/search/job/embedded-softwareengineerlinuxplatforms-45034?redirect=no) + +# Pro BB (QNX): + +Developing an [entire os isn't as easy as developing some software](https://www.teslarati.com/tesla-vw-daimler-id3-software-problems/) (especially security compliance is a huge deal). + +# Conclusion + +In my opinion BB is overhyped. QNX is being ditched by pretty much most of the car manufacturers and the trend in the car industry [seems to be Linux, instead of Unix](https://www.pymnts.com/ecosystems/2018/ford-daimler-volvo-connected-cars/). + +Furthermore I just searched through job listings for "QNX" and found only 16 positions across Germany and the only car manufacturer out of that pool being Daimler (still need to maintain older cars that run QNX I suppose). + +Although Volkswagen had problems in the past when developing vw.os, other manufactures such as Daimler did excellent and MBUX is regarded as the best (infotainment system) there is as of right now. + +Let me hear your thoughts! +Let's break out those crystal balls. A little over a year from now at roughly 14 months. A long time in crypto world. Name recognition of all three has grown exponentially this year and it appears that that will continue to happen at least for the coming years. At least thus far that has contributed to serious price movement as well. Any predictions or insights would be appreciated. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- 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. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + 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! + +Looks like the Government bans on Chinese Tech will continue! Very good sign for the future of the Drone industry for US based companies considering how DJI dominated for years and many of those fleets have already been grounded and will have to be replaced. Should produce some pretty rapid growth! Anyone who is not investing in a US based drone company should be considering Government is 70% of the drone market in the US currently! There is going to be a lot of government customers looking for a US based source for all different types of drones! + +[https://www.wsj.com/articles/u-s-to-impose-sweeping-rule-aimed-at-china-technology-threats-11614362435](https://www.wsj.com/articles/u-s-to-impose-sweeping-rule-aimed-at-china-technology-threats-11614362435) +I need only abt 1 lacs in bank for immediate requirements. + +The FD is useless . It gives i think 5% and can be liquidated any time + +I recently got a raise and a large amount got matured . Now i want to do SIP and diversify my investments. Total money is less than 50L + +So I cant invest them totally on equity. +But can do SIP and I want cagr in between 12-18%. Would leave them untouched + +Also I am getting close to 1.5 lpm then I need some proper way to channelise them into funds. + +EDIT : I thought of a defensive strategy like investing 75k / month (STP from liquid to equity) spread over several months or something like that +Tell me if it makes sense. + +Any ideas will be welcome +Hey guys, I know a lot of posts on here are very shill based, and this one isn't going to be that. + +&#x200B; + +I'm just someone who's been a participator of the subreddit over the past month and made a good chunk of change from you apes. Thank you guys. + +&#x200B; + +I found this coin posted here on reddit yesterday, The Doge of Wall Street. I'm up a bit, but I don't want to make it about me. This coin and the devs are just awesome. I really believe this is one of the best opportunities in the market right now for long term growth. + +&#x200B; + +Definitely DYOR, like I said, I'm really not trying to 'shill' and get you guys to buy in, but I'm just trying to share this opportunity with my fellow apes that did the same for me in the past. + +&#x200B; + +I'll post some information about the coin here, but everything is public and on their website/TG/etc, so don't take my word for it, ask in TG or do your own research 100%. + +&#x200B; + +I'm seeing a ton of public crypto stars take this up, I think the name is just too valuable and is gonna make this thing never stop going up. My price prediction? Honestly, I'm feeling way too bullish on this coin. I think with time this coin has even more potential than safemoon etc. I really feel like we're entering a new era of crypto. + +&#x200B; + +7 percent of all transactions added to liquidity + +5 percent returned to holders wallets + +1 percent max wallet hold + +Some early whales have sold off, if you look at the chart it's looking super bullish to me. Pretty much fully community run now (With the dev team), no more huge whales controlling the price action. + +&#x200B; + +Join the community today! And say hi in the TG, I'll be around all weekend to chat with you guys. Great place to hang out in, everyone is hilarious and not taking things too seriously. + +&#x200B; + +Seems like one of the first coins in a while that accepts this for what it is, a place for us to all cash out $$$ + +&#x200B; + +[https://www.dogeofwallstreet.co/](https://www.dogeofwallstreet.co/) + +📩 Telegram: thedogeofwallst + +🔥 Liquidity burnt: [https://bscscan.com/tx/0x7949c233abf4c772f2cbb8c785feef936c342cbc5c4b4c9c51f82a30834e3888](https://bscscan.com/tx/0x7949c233abf4c772f2cbb8c785feef936c342cbc5c4b4c9c51f82a30834e3888) + +🔒 Ownership renounced: [https://bscscan.com/tx/0x858a917059aa12b346f170f7f487ec73579ddc49d02b0a8a732b26587591fa4a](https://bscscan.com/tx/0x858a917059aa12b346f170f7f487ec73579ddc49d02b0a8a732b26587591fa4a) + +📔 Contract: [https://bscscan.com/address/0xac9f0ca68c31870a3c07d3f8e0da08e1d993a15f#code](https://bscscan.com/address/0xac9f0ca68c31870a3c07d3f8e0da08e1d993a15f#code) +Have any of you experienced losing your wealth and falling out of fatFIRE whether it be over leveraged, health/medical expenses, family issues (divorce), failed business ventures, etc. And if so, were you able to recover? +A few years ago I was in a terrible job and I use to sit at my desk running FIRE calculations like a maniac and checking my portfolio daily. + +If I put away XX,XXX at X% returns I can leave the rat race in XX years! + +I would then play with those numbers. What if I do 8% instead of 7% or if I can manage to put in another 10k per year. + +I kind of felt like Andy Dufresne clawing his way to freedom. Just keep at it for years and eventually you can escape. + +I left that toxic job and I still play with FIRE calculations but prob 5% of what I use to and I check my portfolio maybe once a month now. + +I just share bc I wasn’t in a good headspace when I was checking figures like a maniac. + +It’s kind of that symptom/causes discussion. I wasn’t actually obsessed with FIRE I just hated my job that much and burying your head for 10+ years for a shit employer isn’t anyway to live. + +If you’re running the same numbers an hour or two a day it’s probably a good sign you need to look at the bigger picture with your current situation and fix that first. +Bonfire just held a really exciting live stream on twitch discussing the future and clearing up any questions or concerns with Bonfire! After investing in bonfire two weeks ago I never could have imagined the growth that would occur. I knew very little about the coin, but aped in anyway because of the energy I felt in the community. + +Do you know the feeling I’m talking about? The feeling of a group of people coming together to make something successful. It was incredible! There were just a few hundred of us in the beginning, but the impact we were making was HUGE. + +That energy has since grown 10x in the past two weeks and now we have 100k holders! A dedicated marketing and social media team, new devs, and a mod team who spend all their free time just helping to answer questions, and clear any fud that comes up. + +A lot of these people aren't even being paid. They just believe in the LONGTERM success of this token. The community is what drives bonfire, and we would love for you to join us. + +Right now there's a huge giveaway they're doing on twitter and doing a community art contest today as well! + +Please pull up a seat beside the fire, and join us as we move forward. We will save you a seat! + +https://www.bonfiretoken.co/ + +https://t.me/BonfireTG + +https://discord.gg/bonfire + +Any questions... drop it in our telegram group and the admins/mods will be happy to answer :) +Thank you to everyone who helped me make the decision to sell my car. I owed $23,950 and they purchased it for $25,000! No more loan, no more $630 payment, no more 14% interest, plus i get a $1,500 check!! Thanks for all your suggestions, I’m grateful, and once again, FREE!!! +So the Bitcoin halving just happened if im correct! +Coinmarketcap says: +All Time High Apr 14, 2021 (a month ago) $64,863.10 +-50.86% + +So we did it! The Bitcoin halving happened! We are now at 31k and we did the halving! Get ready for a new bull run and dont forgot the seatbelts! Next stop is the moon! +What do you do with your cash flow from a rental unit? Suppose I have 200 a month from my unit after taxes and operating expenses. What do you do with this cash flow if you don't technically need it to pay off other life things? I'm personally debating between making a lump sum payment of ~12k towars the mortgage at the end of the year or opening a taxable account and investing in mutual funds. Other strategies? + +Edit: thanks everyone. I suppose I wasn't as clear as I could have been buy yes the $200 would be after budgeting for repairs throughout the year. And my question was directed more towards how do i or other people use this money to make more money with real estate investing. + +Some of the approaches I found attractive: + +1. Remodel property and increase revenue by increasing rent +2. Invest in bonds and borrow against it for future property acquirement. +I thought this article was quite interesting. There's an analysis of what percentage of income Americans spend on different things (housing, transportation, food, apparel.) Apparently it's a bit of a mystery why people are saving so little. + +https://www.washingtonpost.com/blogs/post-partisan/wp/2018/05/22/why-has-the-personal-savings-rate-declined-so-dramatically/ +https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf + +Edit: I stumbled upon this document during my research about Fannie Mae and Freddie Mac. Because in July 2008 Congress passed the Housing and Economic Recovery Act.16 which gave the Treasury Department authority to guarantee as much as $25 billion in loans held by Fannie Mae and Freddie Mac. It created a new regulator for Fannie and Freddie called the Federal Housing Finance Agency. + +The document is related to Government Sponsored Enterprises (GSE’s) - is it me or is history repeating itself almost literally? GSE & now GME. Anyway, back to the topic.. + +Summary of Key Points copied directly from the document + +● The number of legal shares issued by the GSEs was not sufficient to account for such large trading volumes. + +● From October 2007, all shares issued for trading by the GSEs, 1.6 billion shares, were reported to be owned by just the reporting institutional investors. + +● Ownership other than the reporting institutions obviously exists. + +● The GSEs have traded over 16 billion shares since October 2007. + +● The shares illegally supplied through counterfeiting in Fannie Mae and Freddie +Mac caused over a 90 billion dollar decrease in their value. + +● On June 30, 2008, when all shares available to trade were owned by reporting +institutions and less than one month before the SEC‘s emergency order went into effect, the NSCC reported that the fails to deliver of real shares of Fannie Mae and Freddie Mac was zero. + +● The zero reported fails to deliver at the NSCC are in direct opposition to the facts that show delivery failures should be significant. Basically, all of the shares are in known ownership, therefore, legal settlement of these large trade volumes from October 2007 to date with real GSE‘s shares, was and is not, mathematically logical. + +● The ill-gotten, gains from counterfeiting the GSEs‘ shares appears to exceed 1/2 trillion dollars. +23 + +● Less than thirty market participants show up as professional market makers in these stocks. + +● U.S. citizens‘ pension funds, state employee retirement accounts and other important investors in the U.S. markets have been financially harmed in these GSE investments; while the stock counterfeiters continue to profit. + +● Absent the manipulation of their stocks, the GSEs could have raised significant capital. This is evidenced by the fact that mutual funds, pension funds and other large investment funds continued to purchase shares of the GSEs. + +● The counterfeiters of the GSEs stock continued their relentless manipulation of the stock prices during the SEC emergency order. + +###● These are violations of the anti-fraud provisions of the U.S. securities laws and may violate the U.S. laws against counterfeiting. Where were the regulators? + +● The NYSE, FINRA, SEC and Treasury should know there are illegal counterfeit shares trading in the GSEs because they have all of the information readily available to prove it. + +● Instead of enforcing the laws against the illegal activity, the regulators took over conservatorship of the GSEs, which benefited the counterfeiters at the expense of the U.S. taxpayers and their future generations. + +The section about conflict of interest that happened back then which resembles what’s happening right now: + +Advisor to the U.S. Government and Market Maker + +Paulson was reported to be advised by Morgan Stanley to have the U.S. government take the GSEs into conservatorship status. When the market manipulation of the GSEs began in the fourth quarter of 2007, Morgan Stanley &amp;amp; Co. sold 94% of their 34 million shares of the GSEs. These positions were sold to other investment, mutual and pension funds. Morgan Stanley is a market maker in the GSEs and may not have been a neutral party for Paulson to bring in as an advisor. + +Finally, the conclusion as laid out in the document: + +Certain market participants, trading illegally, appear to be making a concerted effort to take down some of the most important financial institutions in the United States. Who would counterfeit shares of these vital U.S. institutions to cause their financial collapse without regard for the U.S. citizens? +###It is not possible to carry out this massive fraud without the cooperation of large Wall Street firms and regulatory complicity, indifference or lack of competence. Some firms are blatantly selling shares that do not exist. + + +It is impossible to ward off the downward price pressure from counterfeit shares diluting a company‘s value. The entire nation‘s value is diminished when the counterfeiting of securities is rampant. +Simply put, this is a defining moment in the history of the financial strength of the United States. Other than home ownership assets, the largest U.S. household assets are tied to the stock market through retirement accounts. If counterfeiting continues, investment and retirement accounts will be backed by nothing but counterfeit shares, which they may already be holding in substantial amounts. +To conceal the fraud perpetrated on the retirement accounts is simple, manipulate the markets to crash. The money previously plundered from these accounts remain in the hands of the counterfeiters and the statements sent by the Wall Street firms to retirement investors will reflect a crashed market value of their assets, i.e., you lost your retirement savings. + +###The counterfeiting of U.S. traded securities is nothing less than a fraud of epic proportions. As with other illegal stock market activity, offshore shell companies are a likely depository of the ill-gotten gains. + +While U.S. citizens would like to trust that government regulators are putting the citizens first and protecting investors, this may not be the case. The ownership and trading irregularities in Fannie Mae and Freddie Mac discussed above, seem so obvious, that surely our government would have taken the steps necessary to protect investors in these very important financial institutions from fraud in the market. Unfortunately, the facts do not support that the government did enforce the securities laws against fraud and market manipulation. +It is necessary for the United States to do everything within its power to recover the enormous amount of monies that have been plundered from this country and its citizens. + +And the document’s conclusion ends by stating: + +###Bring the few illegal dealers responsible for counterfeiting stock to justice in order to assure that this United States economic disaster will never repeat itself. There is simply too much at stake to do otherwise. + +13 years ago that was… + +###Edit: 🚨A footnote from the document. This footnote might actually explain why Gary has yet to deliver.. It also explains why the document has no author!! + +“1 Historically, when the issue of Wall Street firms selling stock they do not own has been brought to the attention of large Wall Street firms and the financial media they own, their response has been to shoot the messenger so the truth of the message can be ignored. +This has played out time after time when the subject has been addressed and those commentators who have continued to call for Wall Street to stop the practice have been pressured by the industry to drop the issue. The DTCC has publicly published information to discredit economists who have written about the subject. + +Even the former Chairman of the SEC, Harvey Pitt claims that when he publicly discusses naked short selling, the DTCC contacts him. This is not the time for these types of games to be played in this country as we are facing very difficult times ahead because of the counterfeiting of U.S. assets. + +Therefore, at this time, this report comes without an author to discuss, leaving only the data to discredit. All data is supported by citations and is easily reproducible to verify the accuracy of the information.” +Hello fellow investors, + +My folks are in their early 60s and have $1M in a 2% GIC. But i feel i can help them out to increase that passive income by utilizing diversified dividend stocks. I have been investing for about 5 years now, but not much experience with CDN dividend stocks. I will recommend to them they put $500k in stocks and leave the rest in GIC. Goal is to have around $5k a month from dividends as their income and enjoy their retirement. To minimize risk, i will diversify as much as possible and put no more than 10% in any one stock. + +Here is what i came up with, by sector: + +Banks: +TD, RY, CM + +Insurance: +MFC, POW, GWO, MIC + +Oil & Gas: +PPL, TRP, ENB + +Power and Utilities: +CPX, AQN, RNW + +Telecom: +T, BCE + +Media: +STR.B, CTR.B + +A total of 17 stocks. What are your thoughts on my plan? Would this be a safer and more profitable for my parents? I understand there is risk in capital losses but hence the diversification. + +Would appreciate your input, thanks! +I have seen a lot of conflicting advice. It seems like most of the newer advice tends to recommend putting as little down as possible since interest rates are low. They recommend investing that money instead. My question is, if I only put down 10% and then invest the rest of that large down payment, I'm now stuck with a much larger car payment every month and thus can't save near as much money each month. My wife will be needing a new vehicle within a few years as well, plus I don't want our monthly retirement savings to take a hit. What is the best play in this situation? + +Edit: Ok. I get it. My thinking is flawed. Lol. It is going to be tough to overcome the mindset of "always pay cash if possible" that I was raised with, but you all have made great points and it makes sense to put as little down as possible in current market conditions. I haven't decided if I will put the money in a a HYSA, bonds, or a brokerage yet, but I have decided that I will be financing as much as I can at 0%. Comments are coming in faster than I can read them at this point, but I assure you, I will read them all. Thank you for your help! +What is going on. It’s not even subtle what they are doing. Surely someone has to do something. It beggars belief that all the agencies do nothing. + +What is it going to take for GameStop themselves to do something? And when. It’s a joke ho blatant this shit is. + +I’m nit going anywhere but honestly you americans are proper fucked. Your whole financial system is a joke +A centralized, mutable pseudo-blockchain projectd by a guy with a history of scams/shitcoins gets 4 billion thrown at it. + +And I'm not even mentioning that the whole business concept makes no sense at all, or the actual token that people bought entitles them to fuck all nothing. + +This will all look so ridiculous in hindsight, I bet that video with space invaders will be laughed about for generations. + At first I thought it's just one guy trying to pump his random coin(see Arthur Hayes article: [https://blog.bitmex.com/chain-reaction/](https://blog.bitmex.com/chain-reaction/) ), but then I saw more and more people jumping into new coin and I started connecting the dots. + +Some of you might already knew about Greyscale or Kucoin shorting Doge in May and causing it's price to drop, or Elon Musk suddenly causing BTC to crash(and Dogecoin with it), but it was only the begining. Now they want new coin that they market as "one that will bonk Doge" to create meltdown in the crypto market and spark the need for regulations. + +Here's some of that involvement illustrated here: [https://i.imgur.com/IYS33Yu.jpg](https://i.imgur.com/IYS33Yu.jpg) + +There's no way all these people decided to just get into some coin out of nowhere without big plan for it. There are even "mysterious donors" in their community that literally buy billboard ads in NY (see: [https://i.imgur.com/1Uzc5MG.jpg](https://i.imgur.com/1Uzc5MG.jpg)) and there's more and more coming in Australia, Germany, even in London or freaking Dubai, this isn't organic! + +Something like that doesn't just pop up organically, it's all planned. Nothing is like it seems. We need to spread awareness of this to whole crypto community, because it's not only attack again the Dogecoin, it's attack on whole crypto itself! Also, there's Bill Gates. + +Please help me spread awareness about this. +Out of curiosity, I wonder how many of us here work in valuations at a big 4 or at a fund. It seems to be one of those jobs that makes sense for people interested in value investing. + +It’s not everything obviously of value investing but still. + +If you don’t where do you work? +I have been wondering about the assets that yield a monthly/ quarterly income so that one can be financially free to think about other investments. +Are there any assets that do so? + +Edit : i am not talking about bonds or trading because you have massive liquidity issue there. Something risk averse and stable. +My mother is AWFUL with money. In 2006 she inherited about $4,000,000 from her mother and squandered nearly all of it within seven years. When she was down to about $1.5m left, she decided to build a log cabin on some property that she inherited and move from our hometown to the new cabin. The cabin was only supposed to cost $500,000 to build, but she was so naive and so easily manipulated that the contractor she hired to build the house ended up scamming her for an additional $500,000. And she had to spend another $150,000 to fix all the mistakes and code violations that the contractor left her with. + +To put just how bad she is with money in to context… she never even googled the contractors name before she hired him. The first link on Google was a website made by eleven people who he had scammed or ripped off previously…. + +Anyway… fast forward to present time… she has lived in the cabin for ten years now and lives on the basement level in an apartment that’s separate from the upper two levels. The upper two levels are rented as a vacation rental and generate on average $75,000 in gross revenue annually. Also, several years ago she took out a $150,000 mortgage against the property because she was running out of money. Other than that, the Property is fully paid off. The estimated value of the property in the current market is $1,400,000. + +She earns about $1200 biweekly from her full time job as a vet office front desk manager - a job she loved a great deal up until a few weeks ago. In addition to that, she makes $1100 monthly from state teacher retirement, and about $1500 a month of VR profit. The profit from the VR is split with me 60% her 40% me, after expenses like restock and housekeeping are deducted, as I manage 100% of the rental business for her. Her mortgage payment is $1100/month. She just refinanced this year and still owes for 15 more years. Anyway, Right now she basically lives paycheck to paycheck and has no emergency fund, savings, investments, or any assets aside from her home. + +Two weeks ago, completely out of the blue, my mom informed me she had decided she was going to sell the cabin and move back to our hometown. She wants to put it on the market before the end of November…. Without giving it any time at all to consider…. Reasons for this include: wanting to pay off the $150,000 mortgage and all other debts, job burnout, missing her close friends from hometown, loneliness, depression mostly related to her dismal financial situation, wanting to wipe her hands of the Property and the associated remorse and regret she feels for losing so much money building it by getting ripped off. She says she is going to budget $250,000 for a two bedroom single level house in central NC in her hometown (WAY overpriced). + +I have told her that if she is lucky enough to sell the house for $1.4m, she will owe upwards of $125k in capital gains tax, $75k for the 5% realtor commission, $140,000 to pay off mortgage, and if she found a house for $200,000 in her hometown - she’ll already be down to $800k. She says she will invest it so that she can get a monthly interest income from it. + +I am trying desperately to get her to look into other options like a shared appreciation loan that would allow her to access some of the equity in the house to pay off her mortgage and purchase her new house… rather than selling it and losing all of the equity she has. With a shared appreciation mortgage, she could borrow 30% of the houses current value and only owe it back after 30 years or if she decided to sell the house.. she would owe the principal of the loan + a portion of any appreciation. If the house depreciates between the time she was issued the loan and the time she pays it back, she would only owe the principal of the loan back. No interest. No monthly payments. + +On top of all this, she has found some realtor that is telling her she can store her stuff in her garage once her house sells and before she buys her new house…. And she has been coming the house to help my mom pack!! Can anyone say RED FLAGS? This is the only person she has been listening to advice from. And keep in mind she is poised to make a 5% commission on the sale. + +Please tell me I am not crazy for thinking this is a terrible idea and that there are SO many red flags. Can anyone validate my opinion that this would be a better option? Can anyone suggest any other better alternatives? If she sells her house, we lose that $75,000 of annual VR revenue and she sells off the only asset she has… this property is in the blue ridge mountains of western Nc and is occupied by guests 80% of the year. She is CRAZY to be doing this! Please help me convince her to change her mind and find another way to achieve her goals. Thank you all! + +Tl;dr - my mom is selling her only asset, a paid off home that doubles as her primary residence and a vacation rental that produces $75k a year in revenue… so that she can relocate back to her hometown and so she can pay off a $150k mortgage she took out against the house, a house currently worth $1.4m. Looking for ways to explain to her, an extremely financially illiterate and ADD 62 year old, that she is making a huge mistake and that there are better ways to go about doing this than don’t involve selling the house. + +EDIT: I know that is very unlikely I will be able to get my mom to change her mind and pursue another option, but I am still interesting in any alternative options that anyone here might suggest. I refuse to give up yet and I want to be able to present my mom with some different options that would allow her to pay off her $140k mortgage balance and relocate to her hometown and purchase a downsized home at a reasonable price. I want to be able to say that I tried to stop this and I tried to educate her about how stupid she is being. So any advice other than I am screwed would be greatly appreciated. +**We are back near a correction mode when an index is down 10% off the highs…. At 13,000 the Nasdaq is down about 9%. It is 7:15AM eastern 5/11/2021. It seems unfortunately, we are headed towards this level. Honestly, this has been the best earnings season since 2010. Where 80%+ of the SP500 have beaten earnings estimates. If you were to ask me why, I believe the Nasdaq is coming way off, Id say fear and speculation. This fear and speculation will indeed lead to great opportunities from solid companies as well. However, we must be very careful of buying the dip.** + +**Yesterday, SPCE announced absolutely atrocious earnings, also do recall their CEO/Chairman have been selling. Chamath himself owns 0 shares. 0! He sold out mid 30s! So be careful!** + +**These are some highlights of absolutely not what to buy on dips!!! This is if the market is in correction mode, pivot... not a bull run...in a bull run, they do not matter as much** + +Company has a negative earnings + +No PE + +Bad financials + +Negative Cash flow + +Company is constantly selling shares + +Company is still getting loans + +Company is paying CEO more then entire quarter's revenue (SNOW CEO 324 Million, SNOW Revenues 200 million. (This caused a barrage yesterday) + +Company's top line sales growth is under 30% and has a PE over 100 + +**This is when if you want to buy on the dip, average down, etc absolutely you get my thumbs up** + +The company is absolutely executing. The earnings showed a clear beat on both top and bottom line. The company has a lower PE then the average SP500 over its existence 22-24. + +The company has compiled cash (They can announce a buyback and stop the bleeding) NIO and TSLA have 0 cash they keep selling to new shareholders for cash. SNDL just did a sale of $1 billion of new shares, company is shill and has less than $100 million in sales of weed (which is what they are supposed to do) but almost $1.75 billion in stock... What are they better at, weed or stock sales? Come on!! + +The company has top line sales growth over 30%....especially if they have a PE too. (NLS 120% Growth, best sales in a quarter ever! 3rd most profitable quarter in 35 years!) + +If the PE Ratio is at or near 10, had an amazing earnings report and stock is still coming down + +Hope this helps do not assume that this is the bottom. This is nothing. You do not see a small drop and say, wow, I am just buying the dip, averaging down, this is some amazing strategy. + +**IN SHORT DO NOT ALWAYS BUY THE DIP. Take a step back and ask yourself if this the company I would buy. Negative cash flows, no PE, buying the dip because the loser is finally dropping? The company and the stock price are 2 different things!! Just because company is $130 has nothing to do with the company. Did they raise sales in the past 2 weeks, past 2 months, when it was $45??? Come on people, think think! Maybe it should not even be $45!** + +Good luck and happy trading +I want to hear peoples success stories. No place for tall poppy syndrome, let's learn from other peoples life experiences and take inspiration from their risk taking. +Married couple. +It took us 32 years to hit our first million net worth. Almost 2 yrs for the second million. Another year for the third million, and with the crazy market now, less than half a year for the fourth million. + +We are not superstar investors. Something tells me that easy come easy go, the market is too hot and flooded with liquidity. + +What are you guys doing to prepare yourself when things go sour? +This subreddit has a lot of people who are willing to spend money on nicer things: houses, cars, flights, hotels, meals, paid help around the house, etc. + +What's something you still aren't willing to splurge on, despite otherwise having a fat budget? Why? +I have no clue when the “bottom” of this crash will be, but I’ve seen a lot of people saying “it’s still got a lot further to fall” for reasons such as unemployment rates are going to go up, supply will go down, companies are going out of business and so on. All of these events are certainly correct, however that is not how the stock market works. The markets to not necessarily react to events on time. The markets started their rebound from the financial crisis in March 2009, despite economic data continuing to get worse for months after that point. Investors anticipate events in the future and sometimes react accordingly. Other times they don’t. Nobody can predict a market bottom, nobody knows when it will be. +[NY Times article](https://www.nytimes.com/2018/04/30/business/the-tax-cut-buybacks-business-investment.html) which admits that short term data won't tell the whole tale. + +What do you think - long-term investment as touted or stock buy-back/automation implementation? + + +IEX lawyer was on point and sharp. To the point, countered all the misinformation presented by Citadel's Attorney, and was confident and clear in expressing their point of view. + +SEC lawyer was doing an impression of Porky Pig. Not sure if it was nerves or what, but thank goodness IEX had a rep of their own. + +Would anyone know the name of the IEX rep? Could be a nice candidate for an AMA. +Z1P will go UP. Why? Because if you take a jumper with a zip, what do you do? You zip it UP. So therefore, Z1P will also go up. It is cold weather in AUS so there is no reason to zip down. Feel me? + +Secondly, Z1P has a 1 in it, which means it will be the #1 highest priced share on the ASX in the future. +Long story short, I have 6btc saved up that I bought much lower than today’s price. An opportunity has just come up to buy a brilliant property. Forever home type thing, tons of potential. Despite maximum mortgage and money for elsewhere, I’m still running around £100k short. + +Simple answer, sell 2.5 btc, buy the property and live my life. But… I can’t seem to pull the trigger. Even though this type of place comes up only once every year or two, I just can’t bring myself to sell it. Even sitting on a 1200% profit, it just ‘feels’ like it’s a bad idea. + +Am I wrong? Right? What would you lot do? + +Edit: + +Thanks so much for all the feedback. I’ve read through all the posts but rather than repeat on each one… + +Overwhelming majority say to get the house. I think this is the right thing to do. Whilst the numbers on the screen are nice, they actually cause me a lot of stress too. I think I’ll be far happier with fewer coins, but a nice property for my family to live in. You’ve helped reassure me that this is the right choice. + +Regarding the CGT comments. Yes, tax needs to be paid, but not until January 2023. The tax bill will be around £15k max (as we have 2x tax free allowances to use), and my savings rate over the next year will more than cover this. + +Regarding solicitor and bank questioning source of funds. I’ve already spoken directly to three high street lenders who all assured me it is fine to use btc profits for a deposit. As long as the bitcoin is sold, and gbp in a bank account, it’s fine. Solicitor is happy as long as I can show evidence of transaction history. Times have definitely moved on since the silk road days. + +Regarding crypto backed loans. Too much risk. Both from a counterparty perspective, but also because bitcoin is so volatile there is a very real risk of losing the entire collateralised position. There were many borrowers who had their entire position sold during the March 2020 crash. NOBODY saw that coming. +I've seen some stocks recently that have blown up over night and I've started to wonder how people figure that out? I know it requires research and everything, but where would I begin with that? + +Any type of advice or direction to go would be very helpful. I've seen alot of talk about stocktwits, but I have no idea how to use the app correctly yet or who to even follow on there. +What is a Zero Cost 0% EMI? + +You can buy something for Rs. 20,000. But someone offers you an interest free EMI loan for, say 6 months! As in you pay Rs. 20,000 / 6 = 3333 per month and take this thing. No processing charges, no other charges, so you’re like why? + +Obviously paying over 6 months is better than paying all at once. Some interest will be earned by your money simply sitting there in your bank account. + +But what’s in it for the shop? For the finance company? + +Now three entities need to be satisfied – the shop, the manufacturer of the thing, and the finance company. You might just walk away saying Rs.20,000 is too much, I’ll come back the next time. No one makes any money. + +But at Rs. 3,333 a month, you’re like: I can afford that. + +To entice you to buy, they work together. + +1) The manufacturer says ok, if the customer takes this 3,333 per month deal, I’ll provide a 5% discount on the product (but not to the customer) + +2) The Customer pays 20K, but the financier gives the manufacturer just 19K (5% less) + +3) The manufacturer pays a commission to the shop. Possibly 10-20% or so, which would be the same even if customer hadn’t taken the loan – but at least this ensures a person becomes a customer. + +4) The financier, you think, is getting screwed. He pays 19K to get back just 20K in six months? That’s just 5% over 6 months or 10% annualized? Isn’t that too less? We will now introduce you to the magic of “cash flow”. + +Further read https://www.capitalmind.in/2020/01/how-zero-cost-emis-work/ +https://www.bloomberg.com/news/articles/2020-01-17/boeing-s-calhoun-warned-by-air-force-that-it-s-not-happy-either + +Boeing won the contract, but now a few years late in delivering. How "normal" is this type of delivering late with requirements not met. Wonder what were the contract terms and how this would affect Boeing going forward. +I've seen some buzz lately that SCHD might not be able to preform as well in the next couple of years as it has in the past. Do you guys buy this? If not why? If you don't what do you think will have the best performance. I have to admit I have become very bullish on JEPI. Great growth on a high yield with excellent grades on risk as well. The fund has looked almost too good to be true to me at the moment. I might be buying more of JEPI than anything else right now. If you would still buy SCHD over JEPI can you please tell me why. +Mentions on WSB or PLTR have shot up, along with a bunch of memes and video parody’s which have been getting a lot of attention. Seems like everyone’s ready to jump aboard next week. I’m going to close out my august 27 covered calls first thing in the morning before things get too wild +So have enough $$ for a few 20% down payments on some homes in Jackson County, MO, which seem decent for low income SFH + +What I understand is this: + +3 Bedroom SFH listed at 75K + +20% down for around 18K total + +Mortgage is $450 + +Rent I can charge according to FMR is $1,400 + +Monthly net: $950. + +Lather, rinse, repeat till I’m comfortable enough to give 7-10% of my income to a good property management company. Do it more till I don’t have to work at all and buy more properties with just my rental income, and be happy. + +Is it seriously that simple? What am I missing? +When you start a new job, especially your first job, spend some time studying your paycheck. They can look complicated because they are full of abbreviations, but it's worth your time to make sure everything is correct and you understand exactly how your money is being divvied up. + +You will see tax deductions, as well as possibly other deductions before and after tax. If you have signed up for some automatic deductions (such as money for your flexible spending account (FSA), personal contributions to your retirement account, or voluntary buy-up plans for your health insurance) make sure the amount withdrawn is what you expected. + +If you get a raise, check and make sure that the correct amount is written on your next paycheck. (I speak from experience, as someone who spotted an error that would have cost me $600 per year if I hadn't checked.) + +If something isn't adding up, ask your employer. People make mistakes, and they will correct it for you. + + +***Let’s talk about WindSwap - the most undervalued low market cap gem currently on the market*** + +*WindSwap is a* Severely Undervalued Token With Market Cap Around 10m that in my opinion has easy 20X-100X potential. + +**Here is what you have to look forward to:** + +**👉** Smart Limit Orders Coming Within 14 Days + +**👉** Cross Chain Bridge In Next Month + +**There are literally none or very few other solid use case opportunities like this!** + +⚡ Join Over 9815+ Members - [**https://t.me/windswapmembers**](https://t.me/windswapmembers) **⚡** + +***Recent Achievements*** + +**✅ Coin Market Cap** + +**✅ CoinGecko** + +**✅ LIVE Functioning DEX (Proven Use Case)** + +**✅ #1 Promoter On Poocoin** + +Join the overachievers at WindSwap **👉** [**https://t.me/windswapmembers**](https://t.me/windswapmembers) **👈** + +WindSwap has done nothing but over deliver since they began about a month ago with Coin Market Cap, BlockFolio and Coin Gecko Listings among other things. +Super exciting to be part of the success story. + +**Links** +**🌐** Site: [https://windswap.finance/](https://windswap.finance/) + +✅ Telegram: [https://t.me/windswapmembers](https://t.me/windswapmembers) + +📈 Chart: [https://app.windswap.finance/#/chart](https://app.windswap.finance/#/chart) + +🧾 Litepaper: [https://windswap.finance/whitepaper/litepaper.pdf](https://windswap.finance/whitepaper/litepaper.pdf) + +💰 Coin Market Cap: [https://coinmarketcap.com/en/currencies/windswap/](https://coinmarketcap.com/en/currencies/windswap/) + +🥞 Coingecko: [https://www.coingecko.com/en/coins/windswap](https://www.coingecko.com/en/coins/windswap) +**edit2:** Putting this at the top....since my point is being missed by a lot of commenters. I am saying that people that are **attacking** those that embrace a FIRE mind-set (WSJ, Forbes, Orman etc) are doing so to compensate for perceived short-comings in their own lives. I am **not** saying that people who choose not to embrace it, who find it to not be their cup of tea, or who can't because of extenuating etc. are "bad". There's a huge difference between attacking a life-style and saying "that's not for me / I can't go that path because of circumstance XYZ", and I am referring to the former group, not the latter. I don't know how to make this any clearer. + +------ +I used to be in the psychology field, and what I've found in life is that society takes on personal traits of the people in it because society is made up of those individual people. That may seem obvious, but people miss that more often than you'd think. + +Right now in American society a vast majority of people are not at jobs they enjoy. They're not saving enough for retirement. Maybe they're stuck in a relationship with someone that's equally bad with money, and don't want to leave and lose half of what little they have. Either way, their bad habits have them stuck where they are. How does a person rationalize that? You say "That's just life. Everyone's in this boat with me". You make water-cooler gossip about it, crack jokes, etc. Deep down you're not happy, but you had no other options, right? + +What's the worst thing that can happen in that case? You see a group of people that have budgeted well, that picked a career that pays well (instead of a career picking them), found partners that are not sabotaging their financial success, and are able to have a light at the end of a much shorter tunnel. They have their independence, and the typical careless person does not. + +This lays bare the lies they told themselves, and they have to confront the fact that if not for poor choices, they would be in the same boat, and could have this life style for themselves as well. Ironically, if instead of reacting so "violently" in opposition to FIRE they learned about it, they too could join us. At the end of the day it's not FIRE they hate, it's their own lives, and that's why it's so hard to convince people to embrace this ideology we have. They would have to admit how much they hate their current circumstances, and frankly most people would rather live in the dark and delude themselves. + +**edit:** Usually I hesitate to do this, but since a lot of people are apparently misinterpreting (maybe intentionally) my original post, let me clarify. If you DON'T want to FIRE, fine, I'm not saying there's anything wrong with that. If you have extenuating circumstances, that prevent you from doing so, fine as well. My original post is aimed at people who seem to be posting these articles about how awful FIRE is, or dangerous, or that criticize/demean people that embrace the FIRE mentality. I'm not talking about someone who has a parent get sick, or gets hit by a bus. My point is that their attitude comes from a place of denial & dissonance. **Making a conscious choice to not FIRE is completely different from that, and I'm not saying there's anything wrong with it**. I take a live-and-let-live approach and find it ironic that the comments below that are negative seem to completely miss my point and attack me directly, complaining that I'm somehow demeaning them. + +edit2: OK, one more time. I don't think this is particularly hard to get, but since it's being missed by a lot of commenters. I am saying that people that are **attacking** those that embrace a FIRE mind-set (WSJ, Forbes, etc) are doing so out of bitterness over their own lives. I am **not** saying that people who **choose** not to embrace it, who find it to not be their cup of tea, or who can't because of extenuating etc. are "bad". There's a huge difference between attacking a life-style and saying "that's not for me / I can't go that path because of circumstance XYZ", and I am referring to the former group, not the latter. I don't know how to make this any clearer without drawing stick figures. +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: + +* 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! + +> With economies around the world sputtering, commercial real estate prices are expected to come down. How much they’ll fall is the key question. + +> Sellers are currently willing to concede discounts of around 5%, while bidders are hoping for about 20% off pre-pandemic prices, said Charles Hewlett, managing director at Rclco Real Estate Advisors. + +https://www.bloombergquint.com/markets/loaded-with-cash-real-estate-buyers-wait-for-sellers-to-crack +Hi all, +I’m curious how old everyone is today and what they have saved for retirement? +I’m trying to start saving and would love to hear where people currently stand with their retirements! Thanks! +I’m 36 and have about 50k so far for retirement/ + First of all, I want to thank everyone on this sub for helping me with my finances. I'm a long-time lurker here (like many others I assume) and I've been trying my best to digest and apply all your money tips for the past year. And thanks to this sub, not only did I \*finally\* rid myself of my student loan debt, I've also saved enough money to actually pay off my mortgage! + +I do want to ask for some advice. My only problem right now is I’m not sure if it’s a good idea to pay off my mortgage in full. I still have 5 years left (it’s a 15yr plan) and as much as possible, I want to pay it off without extra fees. + +So my questions are 1. Is it advisable to pay my mortgage in advance? 2. Is it possible to not pay for extra fees in case I want to pay off my mortgage earlier? 3. Is the interest rate waived if I decide to finish my mortgage immediately? + +Thank you so much! +I am very frugal and live cheaply and most of my current hobbies are inexpensive (basically gaming and travelling, but i travel "slowly" for months at a time which isn't too pricey). I earn about 3-4 times the average income in my hometown in a low CoL country in europe from online businesses i own which require little maintainance and i could consider mostly passive. But my plan is to keep scaling them until i can eventually try to sell them to hit my fire goal. Speaking of which: + +I am starting like I want to pursue fat FIRE even though i am frugal and always been more inclined to lean FIRE. I am 30, male, single and largely uninterested in relationships, but i feel like i may want to start a family when i am in my mid 30s. Possibly adopt a kid as a single parent. Maybe a pet before that. But I feel i could ONLY go through with this IF i reach fat fire. And I'd need to buy a house - I've always wanted an independent house where i could grow some crops. Nothing luxurious but big enough (i spent much of my twenties living in tiny studio apartments and I hated it). Then most of the extra money i earn would go towards education (mine included - studying languages) and traveling. + +Anyone else here living or planning to live the "simple" life with a fat stash? Can i even consider myself fatfire if i want to spend all my money on family and housing rather than yachts and golfing? + +Edit: since I'm getting a lot of DMs asking about my online businesses, it's mostly just websites and blogs about random topics. Check r/juststart as all the info you need is there, i won't share anything more + + +Whether you agree with what I said, I hope you have the patience to read all this article I wrote. I think the financial crisis in the United States may be simmering and preparing to break out. Compared with inflation in the United States and the Fed's shrinking balance sheet. I'm more concerned about U.S. corporate debt. Due to the Fed's unlimited quantitative easing policy, low-interest rate loans, and financial easing conditions in recent years. This happen has led to false prosperity in the financial market in the United States in recent years. Many companies have a lot of "leveraged loans" behind these fake financial bubbles. + +Clear regulations in the United States do not regulate these leveraged loans. Leveraged loans are not subject to a standard exchange market. Under normal circumstances, the bonds issued by American companies are issued in accordance with the management and supervision stipulated by the government to issue bonds according to the credit equality given by the bond credit rating agency. However, companies can directly borrow money from financial institutions to obtain leveraged loans in terms. In a sense, leveraged loans are shadow banks that the U.S. government cannot effectively regulate. The survey in the U.S. Federal Reserve report does not know precisely how large these leveraged loans are now and how catastrophic the impact on financial markets will be. Because these leveraged loans are not effectively regulated, this means that many companies can expand and borrow as much as they want. In the past two years, the big bull market in the U.S. financial market, including the stock market. Since the market interest rate at that time was very cheap, I believe that many companies (including zombie companies) took out leveraged loans to buy back their own company shares, possibly to company pay interest dividends or invest in other stocks, or do other things. The unprecedented rapid growth of the bull market in the past two years is not necessarily caused by unlimited Q.E. but may also be caused by the use of leveraged loans by these companies. These corporate actions have created a serious potential bubble in U.S. financial markets. Because the Federal Reserve has raised interest rates seriously this year, the scope of interest rate hikes is believed to be far beyond the market and many people's expectations. This rate hike by the Federal Reserve puts a lot of repayment pressure on companies that take advantage of leveraged loans. Because leveraged loans are floating interest rates, not fixed interest rates, therefore, these leveraged loan interest rates will soar with market interest rates. A recession in the U.S. is now evident. In the current period of economic recession and high inflation, the consumption power of many people is significantly reduced, which will also lead to the operation of many enterprises will become worse. This means that the repayment ability of many companies that have borrowed leveraged loans, coupled with the sharp rise in floating interest rates, makes many companies unable to repay these leveraged loans and interest. Therefore, this may also cause the company's capital chain to break, a large number of loan defaults, and corporate bankruptcy. Once the company goes bankrupt, it will further form a large wave of unemployment and bring a more serious blow to the U.S. economy. And the Fed will be caught in a dilemma at this time. So is the Fed going to continue raising interest rates and shrinking its balance sheet to curb inflation, or does it choose to cut interest rates and quantify indefinitely to save the market at this time (but this will further increase inflation). + +Another issue worthy of attention is that the scale of leveraged loans in the United States is large enough to trigger a global financial crisis. It's bigger than all the combined high-yield (junk bonds) in the U.S. That is, how big is it? This leveraged loan may add up to more than 10% of the debt of all non-financial corporations in the United States. So what is the concept of over 10%? We can now think of the subprime mortgage crisis of 2008. That crisis was a financial crisis caused by subprime lending. If I remember correctly, the size of real estate subprime loans at that time was about 600 billion U.S. dollars. The entire U.S. real estate loan was about 9.3 trillion U.S. dollars at that time. As I recall, such a scale only accounts for about 6% of real estate loans. And this leveraged loan scale is as large as more than 10% of all corporate debt. So from this loan situation, you can see that it is worse than the subprime mortgage crisis in the United States in 2008. And the scariest thing, and what worries me the most, is that its history repeats the same behavior that triggered the subprime mortgage crisis in 2008. + +Financial institutions package these leveraged corporate loans as an asset Securitization financial product called "(Collateralized Loan Obligations)" to be sold to investors around the world. To me, it's no different from the "(Collateralized debt obligation") that sparked the 2008 subprime mortgage crisis. One is from real estate, and the other is from companies. They all pass the risk on to the investor in the same way. Due to the Fed's unlimited quantitative easing and low-interest rates in recent years, I think the scale of these leveraged loans may have exceeded 2 trillion. 50% of them are packaged and sold to investment institutions around the world, and the other 50% are packaged and sold to retail investors across the globe. The Federal Reserve has been actively raising interest rates and shrinking its balance sheet, coupled with the severe recession in the US local economy, including rising inflation and a decline in people's purchasing power. This will inevitably result in many companies being unable to repay these leveraged loans. Then it will cause a butterfly effect similar to the subprime mortgage crisis in 2008; it is most likely to be the same as the CDO at that time, a more global severe crisis caused by the CLO. + +In 2020 when Fed starts QE to save the market. I calculated and think that the Fed should begin raising interest rates and shrinking its balance sheet at the beginning of 2021. Because at that time, I felt that if the Fed did not start growing interest rates and shrinking its balance sheet, then the next year would inevitably lead to irreversible and completely out-of-control inflation so that the country would experience an economic recession. Because I understand the industrial structure of the United States very well, and I know very well that the new coronavirus, an RNA virus, mutates very fast, and it is difficult for humans to control these extremely fast mutating viruses effectively. Therefore, these viruses will affect the efficiency of industries and supply chains worldwide. Once there is a problem with the supply chain, it is difficult to solve the problem of the country's employment rate. Especially for a country like the United States that relies on imports, once there is a problem with the supply chain around the world, the goods in the United States cannot keep up with the printed money, which will further cause inflation. Even if the government stops issuing relief funds, it will not solve the problem of people's employment because the virus's substantial spread and mutation speed has fundamentally hindered the normal development of the country's supply chain and production efficiency. However, if printing money indefinitely and the supply chain cannot keep up, it will inevitably lead to unprecedented severe inflation. + +To solve this kind of inflation, aggressive interest rate hikes and balance sheet reductions are likely to be ineffective, which will only further aggravate the country's economic recession and face difficulties for a large number of companies. Now raising interest rates and shrinking the balance sheet will trigger the Great Depression; not raising interest rates and choosing quantitative easing and low-interest rates will continue to fuel inflation. If we want to solve this kind of problem, we can only have a major world war, transfer all domestic economic contradictions, and let all countries' wealth be redistributed to our own country. This may solve the various recessions and inflation in the United States this time. But I believe that in the atomic bomb era, I don't think any country would dare to take this road. So I thought then that the Fed wasn't unaware of this kind of thing and it is impossible not to consider these issues. Because I was too confident in my judgment, I also tried to start shorting the entire US stock market at the 2021 position. But it turned out that I was too naive and too overestimated the Fed's decision-making and responsiveness. I didn't expect that the Fed not only did not start raising interest rates and shrinking its balance sheet at that time but instead printed trillions more. This shocked me a lot and let me lose some money from shorting. But when the Fed did this, I realized that the Fed was going to ruin the country again. + +In 2008, the Federal Reserve almost destroyed the country at that time. Because of the too-loose housing market and financial supervision, plus the Fed's indecisive response to the bailout. Many Americans blamed Wall Street, believing that it was all Wall Street's fault. But I think Wall Street has a lot of responsibility for this sort of thing, but the Fed and the SEC have more considerable responsibility. This time, the Fed and SEC have one thing in common that happened in 2008. That is, the Fed did not choose to rescue the market earlier at that time, and its indecision there led to the bankruptcy of Lehman, which led to a global financial crisis. This time, the Fed did not choose to do so when it was supposed to raise interest rates and shrink its balance sheet in early 2021, and it continued to increase unlimited quantitative easing. As a result, it will lead to more giant bubbles in financial markets and inflation that will spiral out of control. Once inflation is out of control, it will be accompanied by an economic recession, which will be accompanied by a decline in the consumption power of the masses and a decline in corporate earnings, even to the brink of bankruptcy. Coupled with the fact that the Federal Reserve chose to aggressively raise interest rates and shrink its balance sheet at this time, it has left companies unable to pay interest on loans and have no ability to repay their loans. Then it is very likely that the default on those leveraged loans will lead to a global financial crisis caused by the CLO. In addition, this time, the SEC did not supervise effectively where it should be, as it caused the subprime mortgage crisis, but today they do not supervise leveraged loans. So I believe that CLO will definitely cause a worldwide financial crisis due to leveraged loans. From now on, the credit risk spread of CCC-rated companies is soaring rapidly, and I believe that the interest of leveraged loans is soaring rapidly with the aggressive rate hike by the Fed rate hike. + +As these conditions continue to get worse and worse, I estimate that the bubble will burst as soon as next year, 2023, and no more than 2024. I was hoping you could discover the investigation of leveraged loan bubbles to verify what I have written here is probably true and whether it may happen in the future. If anyone finds it possible, please go to the investment bank to short these leveraged loans to bet with the investment bank to build a similar CDS. I'm not a fund manager; I'm just a small retail trader and don't have the money to make a bet with an investment bank. So, unfortunately, this idea could not be realized. But I hope the people who could read this will fulfill this opportunity. **All of this I write is not investment advice.** Maybe I'm overthinking what's in there. But I don't want to give up either possibility. I'm not an institutional investment manager, and I have no way of intervening through the connections and privileges of an institution to get some detailed data that I can't find online. Because not all information can be found online, especially the data that financial institutions deliberately conceal. Therefore, it is necessary to conduct an on-the-spot investigation and some data that can only be obtained from this related industry to determine whether this bubble is real. I hope you can use all your contacts and abilities to investigate whether the bubbles I am talking about are possible. +Always confused me. If anything, it's more convenient for the both of us. If I mail a check in, they have to open it, look up the account, cash the check, etc. If I pay online, doesn't it just automatically go directly to my account? Wtf is with the convenience fee? + +Edit: I guess technically I am paying to my mortgage company from my bank. So I am logging into the website of my mortgage company, and on there, entering all my bank info and paying that way. + +Edit: This is not a credit card/ debit card payment. Straight from my bank account. + +Edit: Lot of good answers. I think I will start mailing in my check. +If you are panicking go to your shitty robinhood app and change it from a line chart to a candle chart, the top will show you a volume. The total since 9:30 is less than 2 million. Think logically, if this was a true panic sell do you really think the volume would be 2 million. There is 7.9 million retards in here. If we all panicked the volume would go through the roof. + +This is another attack by hedge funds to force a sell-off and is absolutely meaningless since no retail investors are selling. + +BUY THE FUCKING DIP. WE CAN REMAIN RETARDED LONGER THAN THEY REMAIN SOLVENT + +EDIT: I believe Robinhood does not even report volume properly on their charts. Anyone who was saying the volume on the day is 15 million or whatever is correct and I should have thought to check a better platform before making this post. However, there is no denying that this is just another ladder attack that will prove to be ineffective as anything under 250 is a fucking discount. To put into perspective the last attack which was on Thursday + +&#x200B; + +https://preview.redd.it/maag0q5c3we61.png?width=1184&format=png&auto=webp&s=0302ea7034ae5a714dcd07cd4a82ea6c7c95bb92 + +Notice the huge red dildo staring at your face. Now look at the bar under that dildo, that is the volume. Is that move remotely justified by that little volume? Look at the previous days where there was massive amount of buying going on, volume was 4x on those days compared to Thursday and yet those candle sizes do not even compare. + +To make this more understandable look at the retard on your left and then look at the retard on your right. FYI THEY'RE NOT FUCKING SELLING. + +Note: This is not financial advice and i dont know what i even wrote up lol i just really like gme lol +Unless you're in hardship and need to money to pay basic bills for food, fuel, energy and medicine, do not touch your super. The number of posts asking whether you should withdraw super to a) invest (you're already doing this in super), b) put in offset account (why?) is astounding. One of the reason for this subreddit is to learn to be better at managing your financials, so heed the advice of many here who say "don't touch your super"! +Are you searching for your next moonshot gem? Dome is the decentralized payment for E-Commerce ecosystem. Dome Finance strives to provide end-to-end solutions for E-Commerce Marketplace, Touch & Pay Cryptocurrency Card, Online Cryptocurrency Payment, and Unified Reward System powered by the Binance Smart Chain. There's thousands of people just like you who missed out on numerous projects like elongate or safemoon , all coins that 100x'd this year. Join Us on presale and don't miss on DOME!! + + +Buy on PancakeSwap: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x6fc1656fac67ffaeeaaa6678deed507bd99e7e36 + +Contract Audited by TechRate + +Blockchain User Adoption & The Dome Platform +The Dome Platform is aiming to contribute to the global Blockchain User Adoption across regular people by intuitive and seamless integration of vastly used E-Commerce channel with the Decentralized Payment. + +Dome Pay +Dome pay is a decentralized payment for e-commerce, community driven DeFi Token, and anyone will be able to accept payments in DOME tokens with a click of a button. We aim to provide seamless Dome pay solutions in Dome mobile & web wallet, open API platform, and Dome e-commerce marketplace. + +E-commerce Marketplace +The goal of the DOME token is to be a part of everyone’s day-to-day shopping without them changing their shopping pattern. + +Dome Card - Touch & Pay +Dome - Touch & Pay card aims to enable customers to make micropayments at coffee shops, supermarkets and day-to-day online shopping. + +Three simple functions occur during each trade: Reflection, LP Acquisition, Automatic Burn & Rug Pull safe. Don't miss out on this one! + +Tokenomics of DOME: + +Total Supply: 1,000,000,000 DOME + +50% Burnt 🔥 + +50% Liquidity + +No Team tokens! + +Transaction fee of 10% on every transaction - Prevents Swing Trading 🚀 + +* 5% will be distributed to token holders 💰 + +* 5% of DOME will automatically burn 🔥 + +Liquidity Locked for 1 year! 🔒 + + +Dedicated Marketing and Developer Team! + + +Website - https://dome.finance/ + +Telegram - https://t.me/domefin +This is just for discussion so that most people can obviously reaffirm their joy in investing and saving. + +Mine is pretty simple, ever since I had a PPF, I have always managed to utilise the full threshold and it brings me great satisfaction every time I sit to take stock of my finances. So, what's yours? +&nbsp; + +Doing my daily r/Superstonk scroll in bed before I go to sleep, and saw everyone bashing BCG, and I just can't go to sleep without getting in on the fun! Was the $30M worth it BCG? [BWAHAHAHA.](https://www.youtube.com/watch?v=7edeOEuXdMU) Before, during and after reading the post, ask yourself, [is it all a coincidence?](https://www.reddit.com/r/Superstonk/comments/tyukdx/speaks_for_itself/) + +&nbsp; + +If not for GME, would we have remained ignorant to the reality that is the systemic corruption in the financial markets, while being constantly gaslighted? + +&nbsp; + +[Since 2018, BCG has received 137 contracts awarding them over $800,000,000 from the FEDERAL GOVERNMENT](https://www.reddit.com/r/Superstonk/comments/tyk07f/since_2018_bcg_has_received_137_contracts/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). Mitt Romney [got his start at Boston Consulting Group](https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/) + +**Nearly 70% of BCG's total award amount comes from the Department of Defense**. Guess who sits on the United States Senate Committee on Homeland Security and Governmental Affairs? + + +&nbsp; + + + +After completing his undergraduate degree at Yale, [Andrew Towne](https://en.wikipedia.org/wiki/Andrew_Towne) served as an analyst for the **Central Intelligence Agency**. He also worked for the Office of the **Director of National Intelligence** and served as an analyst in Iraq during the Iraq War. In 2015, he took a position as a management consultant for the **Boston Consulting Group's** Minneapolis office, where he remains employed. + +&nbsp; + +[Christopher Murray +Founder and CEO at Infinite Reach Consulting, LLC](https://www.linkedin.com/in/christopher-murray-7b647060) + +>Senior Advisor +>Boston Consulting Group (BCG) +>Jan 2021 - Present 1 year 4 months + +>Senior Executive +>Central Intelligence Agency +>Dec 1985 - Oct 2019 **33 years 11 months** + +&nbsp; + + +&nbsp; + +[Angolan Rebel Lays Killings to a C.I.A. Plot](https://www.nytimes.com/1992/05/05/world/angolan-rebel-lays-killings-to-a-cia-plot.html) + +**Beginning in 1975, the CIA participated in the Angolan Civil War, hiring and training American, British, French and Portuguese private military contractors, as well as training National Union for the Total Independence of Angola (UNITA) rebels under Jonas Savimbi, to fight against the Popular Movement for the Liberation of Angola (MPLA) led by Agostinho Neto.** + +[BCG along with PwC (Evergrande's auditors) helped loot the country of Angola through a network of 400 companies and other consulting firms. They helped Isabel dos Santos, daughter of the former president of Angola, become a billionaire allegedly by plundering state coffers.](https://www.reddit.com/r/Superstonk/comments/tnjew5/boston_consulting_group_and_other_consulting/) + +&nbsp; + +[RC might be taking on "The Big Three", the world's three largest strategy consulting firms because they are nepotic and inter-connected at an elite level:](https://www.reddit.com/r/Superstonk/comments/tyj89t/children_and_animals_must_be_protected_at_all/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +- McKinsey & Company + +- Boston Consulting Group + +- Bain & Company + +&nbsp; + +[Robert Morette](https://www.linkedin.com/in/robert-morette-9318338) + +>Advisory Partner at **Bain & Company** +>**17 years 4 months** + +>Senior Managing Director +>**Citadel Investment Group** +>2000 - 2004 - **4 years** + +>Partner +>The **Boston Consulting Group** +>Sep 1983 - Mar 2000 - **16 years 7 months** + +&nbsp; + +[Enron is the house that McKinsey rebuilt.](https://www.theguardian.com/business/2002/mar/24/enron.theobserver) Goldman Is Evil But [McKinsey Is Worse.](https://www.nakedcapitalism.com/2021/02/goldman-is-evil-but-mckinsey-is-worse.html) + +>**McKinsey agreed to pay $573 million to settle claims with 47 states and the District of Columbia related to the recommendations it provided to Purdue Pharma and other drug companies for their opioid businesses, with no admission of wrongdoing**. + +&nbsp; + + + +Let me introduce you to [Bill Browder](https://en.wikipedia.org/wiki/Bill_Browder). Browder lobbied for Congress to pass the Magnitsky Act, a law to punish Russian human rights violators, which was signed into law in 2012 by President Barack Obama. As you'll notice in this next section, people around him tend to die. + +He's also a [compulsive liar](https://www.thekomisarscoop.com/2018/04/browder-commits-identity-theft-his-victim-of-police-violence-in-moscow-2007-is-a-1961-us-freedom-rider-2/), a thief, and his [whole Russian investing operation was built on companies set up by the money-laundering Mossack Fonseca](https://www.thekomisarscoop.com/2018/03/browders-shell-company-agent-mossack-fonseca-shuts-down-will-media-report-his-connection/), which [ICIJ Investigators of the Panama Papers conveniently ignored](https://www.theguardian.com/news/2016/apr/08/mossack-fonseca-law-firm-hide-money-panama-papers), at least **according to Lucy Komisar.** + +>[**The Council on Foreign Relations**](https://www.thekomisarscoop.com/2018/02/cfr-report-with-no-evidence-promotes-fake-browder-magnitsky-story/#searchModal) is a neoliberal, neocon organization that **represents the interests of the wealthy 10% and the corporate-military-surveillance state.** I’ve been a member since 1994. + +- Lucy Komisar. + + +&nbsp; + +Browder studied economics at the **University of Chicago**, and then did a stint at the **management-consulting firm Bain & Company**. In 1989, he got his M.B.A. at Stanford before going to Poland as a **consultant for the Boston Consulting Group in London, then worked as the investment manager for Israeli Spy Robert Maxwell**, in 1991, [shortly before Maxwell’s untimely death](https://imgur.com/gallery/veODbXU). After that, he **managed the Russian proprietary investments desk at Salomon Brothers**. Using startup seed money given him by Republic Bank of New York owner Edmond Safra, Browder started Hermitage Capital Management in Moscow. **Safra also died mysteriously in a fire at his home**. HMC was **at one point the largest foreign investor in Russia.** + + + +&nbsp; + +>Maxwell was last in contact with the crew of Lady Ghislaine but was found to be missing later in the morning. He was presumed to have fallen overboard from the vessel, which was cruising off the Canary Islands. The official ruling at an inquest held in December 1991 was death by a heart attack combined with accidental drowning, although **three pathologists had been unable to agree on the cause of his death at the inquest**; he had been found to have been suffering from serious heart and lung conditions. Murder was ruled out by the judge and, in effect, so was suicide. His son discounted the possibility of suicide, saying, "**I think it is highly unlikely that he would have taken his own life, it wasn't in his makeup or his mentality.**" + +>In December 1999, Safra and nurse Vivian Torrente were suffocated by fumes in a fire deliberately lit at the billionaire's Monaco home, where he apparently felt so safe that he did not have his Mossad trained bodyguards stay the night. + +Robert Maxwell was involved with the British intelligence service MI6 during the war and, after the war, was **befriended by Count Frederich vanden Huevel, who had worked closely with Allen Dulles during the war. Dulles went on to be the first director of the Central Intelligence Agency (CIA) and, during the war, was busy running interference for prominent Nazis and actively undermining FDR’s “total surrender” policy for senior Nazi leadership.** He is the father of [Ghislaine Maxwell](https://unlimitedhangout.com/2021/12/investigative-reports/meet-ghislaine-daddys-girl/), convicted sex trafficker and girlfriend of [Jeffrey Epstein](https://i.insider.com/60e2ef8e93b49f0018ee07c2?width=1200&format=jpeg), child [sex trafficker](https://static01.nyt.com/images/2019/10/08/business/00epgates1/00epgates1-jumbo-v3.jpg) and [pedophile](https://www.thetimes.co.uk/imageserver/image/%2Fmethode%2Ftimes%2Fprod%2Fweb%2Fbin%2F7652efaa-3593-11eb-9999-78711a047ec4.jpg?crop=861%2C574%2C0%2C0). + +Rafi Eitan, was serving as the head of the (now defunct) **Israeli intelligence service known as Lekem** when he heard of a revolutionary new software program being used by the US Department of Justice. The program was known by its acronym **PROMIS**. Eitan had learned of PROMIS from **Earl Brian, a longtime associate of Ronald Reagan who had previously worked for the CIA**. PROMIS is often considered to be the **forerunner of the [PRISM software](https://en.wikipedia.org/wiki/PRISM_(surveillance_program)) used by US and allied spy agencies today** and was developed by former NSA official Bill Hamilton. Hamilton had leased the software to the US Department of Justice through his company, Inslaw Inc., in 1982. + +Eitan and Brian **hatched a plan to install a “trapdoor” into the software and then sell PROMIS throughout the world, providing Israel with invaluable intelligence** on the operations of its enemies and allies. According to the **testimony of former Israeli intelligence officer Ari Ben-Menashe, Brian provided a copy of PROMIS to Israeli military intelligence, which contacted an Israeli American programmer living in California. That programmer then planted a trapdoor or back door into the software.** + +**Once the back door was installed, Brian attempted to use his company Hadron Inc. to market the bugged PROMIS software around the world**. Having been **unsuccessful at trying to buy out Inslaw, Brian turned to his close friend Attorney General Ed Meese, whose Justice Department abruptly refused to make payments to Inslaw that were stipulated by contract, essentially using the software for free**. Hamilton and Inslaw claimed that this was theft. Some have speculated that Meese’s role in that decision was shaped not only by his friendship with Brian but also by the fact that his wife was a major investor in Brian’s business ventures. + +Meese’s actions forced Inslaw into bankruptcy, and Inslaw subsequently **sued the Justice Department, with the court finding that the Meese-led department “took, converted, [and] stole” the software through “trickery, fraud and deceit.”** Meanwhile, with Inslaw seemingly out of the way, Brian sold the bugged software to Jordan’s intelligence service, which was a major boon for Israel, and to a handful of private companies. Eitan, nevertheless, was **unsatisfied with Brian’s progress and quickly turned to the person he thought could most effectively sell PROMIS to governments of interest all over the world—Robert Maxwell.** + +&nbsp; + + +>In 2007–2008, as U.S. attorney, Acosta **approved a plea deal that allowed child-trafficking ring-leader Jeffrey Epstein to plead guilty to a single state charge of solicitation, in exchange for a federal non-prosecution agreement.** + +**[“I Was Told Epstein ‘Belonged to Intelligence’ And to Leave It Alone.”](https://talkingpointsmemo.com/edblog/i-was-told-epstein-belonged-to-intelligence-and-to-leave-it-alone)** - Alex Acosta, 27th United States Secretary of Labor from 2017 to 2019 under President Ronald Dump + +[GODS OF THE SUN, part 1.2 - Manipulating the meme stock narrative, RC’s “Sears” tweet, Vulture Funds, Apollo Global Management, who Adam Aron really is, Epstein, Goldman Sachs, and the TOTAL ECLIPSE of the SUN. (Wow, eh?)](https://web.archive.org/web/20210608041437/https://www.reddit.com/r/Superstonk/comments/nuud15/gods_of_the_sun_part_12_manipulating_the_meme/) + +>**Apollo Global Management, a vulture fund founded by Leon Black, the Apollo founding CEO who stepped down as CEO and from the board for paying Jeffrey Epstein $158 million dollars. Why is that relevant to our favorite stock? Apollo Global tried to orchestrate a leveraged buyout of GameStop in 2019. Mr.Black attributes a sizeable part of his family wealth to Epstein, estimating that as much as $2bn in benefits can be traced back to the late paedophile’s financial acumen.** + +>Guzel Ganieva, a former model who went on to earn a business degree from Columbia and attended law school, claims that Black, former CEO of Apollo Global Management, was a “predator” who “forced sadistic sexual acts on her without her consent,” then demanded she sign a non-disclosure agreement, telling her he would “destroy her” if she ever told anyone about his conduct + + +&nbsp; + + +##**[The secretive consulting firm that’s become Trident’s Cabinet in waiting](https://imgur.com/a/U3p0dBb)** + +Under a financial disclosure filed by the Trident transition team in December 2020, Antony Blinken declared that **clients of WestExec included "investment giant Blackstone, Bank of America, Facebook, McKinsey & Company, the Japanese conglomerate SoftBank, the Royal Bank of Canada, and the venerable Sotheby's".** + +The firm, which now looks like a government-in-waiting for the next administration, was founded in 2017 by **Tony Blinken**, President-elect Jon Trident’s choice for **secretary of State**, and **Michèle Flournoy, a top contender for secretary of Defense**. And one of its former principals, Avril Haines, is Trident’s pick for director of national intelligence. **Blinken is a member of the Council on Foreign Relations.** + +Michèle Flournoy speaking at the [Milken Institute 2019 Global Conference](https://milkeninstitute.org/events/global-conference-2019/speakers) She is a member of the **Aspen Strategy Group, the Council on Foreign Relations, and the CIA's External Advisory Board**. [WestExec](https://en.wikipedia.org/wiki/WestExec_Advisors) has come under fire in from watchdog groups that are concerned that Flournoy has been too cozy with the defense industry, citing her work for the **Boston Consulting Group.** The Project on Government Oversight published a critique of Flournoy by two former veteran defense policy wonks citing all three of those affiliations, as well as her perch on the board of **Booz Allen Hamilton, a major Pentagon contractor.** + +&nbsp; + +The main activities of the [Aspen Strategy Group](https://en.wikipedia.org/wiki/Aspen_Strategy_Group) include..... the Aspen Ministers Forum, led by **Madeleine K. Albright**, which convenes former foreign ministers from around the world to focus on international security. ASG is part of The Aspen Institute, which is largely funded by foundations such as the **Carnegie Corporation, the Rockefeller Brothers Fund, the Gates Foundation, the Lumina Foundation, and the Ford Foundation.** + +&nbsp; + +Why is the **Deputy Treasury Secretary under Yellen and BlackRock's ex Chief of Staff, Wally Adeyemo [having zoom meetings](https://www.youtube.com/watch?v=_tOEsjdlRHw&t=4039s +) about rebuilding the post-pandemic economic recovery with Henry Paulsen**, the **[current Co-Chair of the Aspen Strategy Group](https://www.economicstrategygroup.org/members/hank-paulson/) and former CEO of Goldman Sachs [responsible for creating toxic CDO's that crashed the american economy in 2008?](https://www.deepcapture.com/2010/04/goldman-sachs-john-paulson-and-the-hedge-funds-that-pumped-and-dumped-our-economy/)** + +&nbsp; + +[Ken Griffin (Citadel), Steven Cohen (Sac Capital) and Goldman Sachs were suspected of being behind the massive "short and distort" attacks that brought down Bear Stearns and Lehman Brothers and that kick-started the 2008 financial crisis.](https://www.reddit.com/r/Superstonk/comments/ttnyrn/ken_griffin_citadel_steven_cohen_sac_capital_and/) + +&nbsp; + +>In 2004, **Henry Paulson, the CEO of Goldman Sachs, helped lobby the SEC to relax limits on leverage, allowing the banks to sharply increase their borrowing**. Basically, the SEC allowed investment banks to gamble a lot more. Investment banks would go up to about 33-to-1 leverage at the time of the 2008 crash. Which means if a 3% decrease occurred in their asset base, it would leave them insolvent. Henry **Paulson would later become the Secretary Of The Treasury from 2006 to 2009. He was just one of many Wall Street executives to eventually make it into Government positions. Including the infamous Gary Gensler, the current SEC chairman, who helped block derivative market regulations.** + +&nbsp; + +>The Government also then **took over AIG, and a day after the takeover, asked the Government for $700B in bailouts for big banks. At this point in time, the person in charge of handling the financial crisis, Henry Paulson, former CEO of Goldman Sachs, worked with the chairman of the Federal Reserve to force AIG to pay Goldman Sachs some of its bailout money at 100-cents on the dollar. Meaning there was no negotiation of lower prices.** Conflict of interest much? + +&nbsp; + +>**The Fed and Henry Paulson also forced AIG to surrender their right to sue Goldman Sachs and other banks for fraud.** + + +&nbsp; + +Just so you get an idea of who [Madeleine Albright](https://theintercept.com/2022/03/25/madeleine-albright-dead-iraq-war-herbalife/) is: + +&nbsp; + +>“We have heard that a half-million children have died. I mean, that’s more children than died in Hiroshima. And, you know, is the price worth it?” + +&nbsp; + +>Albright responded with chilling equanimity: [“I think this is a very hard choice, but the price — we think the price is worth it.”](https://www.youtube.com/shorts/1T5JRVR53Eo) + +&nbsp; + +In June 2013, **Edward Snowden—at the time a Booz Allen employee** contracted to projects of the National Security Agency (NSA)—publicly disclosed details of **classified mass surveillance and data collection programs, including PRISM**. Due to the company's important government services, “the government is unlikely to let the company go out of business. It's **too connected to fail**”. According to government watchdog OpenSecrets, “**4 out of 6 Booz Allen Hamilton lobbyists in 2015-2016 have previously held government jobs”.** + +&nbsp; + +#[NSA Prism program taps in to user data of Apple, Google and others](https://www.theguardian.com/world/2013/jun/06/us-tech-giants-nsa-data) + +&nbsp; + +>A chart prepared by the NSA, contained within the top-secret document obtained by the Guardian, underscores **the breadth of the data it is able to obtain: email, video and voice chat, videos, photos, voice-over-IP (Skype, for example) chats, file transfers, social networking details, and more, to obtain targeted communications without having to request them from the service providers and without having to obtain individual court orders.** NSA is able to reach directly into the servers of the participating companies and obtain both stored communications as well as perform real-time collection on targeted users. + + +&nbsp; + + +---------------------------------------------------------------------------------------------------------------- + +&nbsp; + +##Despite a slowly increasing level of consumption the status of the workers as workers has not fundamentally altered. The working class remains exploited. It remains robbed of roughly half the product of its labour which goes to the parasitic consumption of the exploiting class, to the expenditure of the exploiters' State, and into investments over which the workers have no control. The nature and objective of these investments are determined by the class nature of society, by the interests of its ruling class. A given pattern of investment serves to reinforce and reproduce a given type of social structure. + +&nbsp; + +##The fate of the workers in political and social life has not changed either. The workers remain a subordinated class. [The whole orientation of modern society (of its economy, of its State, of its housing, of its education, of the objects it will consume and of the news it will get, of the questions of war and peace themselves) remains decided by a self-perpetuating minority](https://www.youtube.com/watch?v=r6w5gPtChhU). The mass of the population have no power whatsoever over this minority, be the society 'democratic' or 'totalitarian'. + +&nbsp; + +[is it all a coincidence?](https://www.reddit.com/r/Superstonk/comments/tyukdx/speaks_for_itself/) +Life got busy and my variable home loan with a “big four” got to 4.9% when I wasn’t looking. + +I sent their in-app chat bot the following message: + +“Hi, I have a variable home loan currently at 4.9%. I’m thinking of refinancing – can you do a lower rate?” + +Within minutes they offered me 3.54% as of today. + +Not even sure if that’s still good or not and will still refinance when I have time but it’s better than what it was and only took a few minutes’ effort. +Hey Trader Gang! + +Today I bring to you an introduction to one of my favorite indicators, the Relative Strength Index (RSI). In my opinion, RSI is perhaps one of the most widely misunderstood and incorrectly applied indicators across the broader trading space. Whenever you see RSI getting talked about on CNBC, they usually say something along the lines of, "RSI is severely overbought, so the stock must go down soon." If that's all you know about RSI, or you don't even know wtf RSI is to begin with, this post is for you! + +As I will explain in this post, technical analysis on RSI is much more nuanced than if the RSI is merely over 70 (standard overbought range) or under 30 (standard oversold range). RSI becomes truly powerful when it used in tandem with analysis of the price action of the asset to spot ***DIVERGENCE*** between the RSI and the price of the asset. In this post we will run through what RSI is, what divergence is and how to spot it, the various ranges on RSI, and a few other tips and tricks I've learned over the years. + +So let's get into it. + +**What is RSI?** + +RSI stands for Relative Strength Index and is a ***momentum*** indicator that measures the magnitude of recent price movements to evaluate overbought or oversold conditions. RSI was developed by J. Welles Wilder Jr., and was introduced by him in 1978. + +A critical concept for new technical analysts to understand is the difference between price action trends and momentum trends. Price ***can*** ***keep going up*** as momentum drops off in strong trending markets, which results in ***divergence*** building between the price action and the momentum oscillator. Furthermore, in strong trending markets this divergence can build for a significant amount of time. So, just because momentum is dropping off does not necessarily imply that price action will immediately fall off a cliff. + +**The Number Crunching for the Curious** + +While not necessary for this post, a general explanation of how RSI is calculated is useful in understanding the indicator. + +RSI is derived through a two step calculation: + +Step 1: + +*RSI* step one = 100 − \[100 / 1 + average gain/average loss\] + +The average gain or loss utilized for this calculation is the average percentage gain or loss during the selected ***look-back period*** (I will touch on the relevance of this look back period more when we get to covering divergences on RSI). For the math guys and gals out there it should also be noted that the formula uses a positive value for the average loss. + +The standard setting for the RSI ***look-back period*** is 14. Accordingly, on a 1 Day time frame chart, the RSI is looking at the prior 14 days of price action to determine the average gain/average loss values. I will speak more about the ***look-back period*** later and its relevance to spotting divergences in price action. + +Step 2: + +Once the data for the 14 periods is derived, step two of the calculation may take place: + +*RSI* step two = 100− \[100/ 1 + ((Previous Average Gain × 13) + Current Gain/ (Previous Average Loss × 13) + Current Loss)\] + +Using the two-step formula approach above results in the current RSI number, lying somewhere between 100 and 0. Using this formula, RSI will only near 100 or 0 in **extremely strong trending markets**. This is because an integral component of the RSI formula is comparing the current gain to the previous average gains and losses, so for RSI to get close to 100 or 0 the asset really needs to be moving like a breakaway train. + +**RSI LOOK-BACK PERIOD AND EMA** + +As previously mentioned, the standard RSI look-back period is 14. This means that the RSI calculation is taking into account the prior 14 periods, and therefore divergences on price action outside of this 14 period look-back loose a significant amount of relevance. Personally, I set my look-back period for RSI at 21 because it allows for a larger data set to be analyzed when looking for divergences. + +In addition, I run an ema on my RSI as I find it useful for analysis of the indicator (14 period RSI/22 or 21 ema and 21 period RSI/9 ema). + +**What is Divergence** + +To really get into discussing RSI we also need to cover Divergence. This is a quick crash course on various types of divergence, although I could dedicate an entire post to merely this topic alone. Divergence occurs when momentum oscillators are not lining up with the price action, thereby indicating a potential incoming change in the price of the asset. Spotting divergences can take quite a bit of practice, so don't get discouraged if it doesn't immediately click. Nobody said this stuff was easy! + +Below is a little cheat sheet on divergences in relation to price action (the blue lines represent price action and the red lines represent a momentum oscillator such as RSI): [https://imgur.com/gallery/EfcNF28](https://imgur.com/gallery/EfcNF28) + +The simplified rationale for what these divergences mean is as follows: + +**Regular Bearish Divergence**: price is setting a higher high while the oscillator is setting a lower high. + +* This divergence signifies that there is less buy momentum accompanying the higher high in price, therefore signaling that participation by the bulls is dwindling at these higher price levels. +* Here is an example of regular bearish divergence playing out on Nike on the 3 day chart: [https://imgur.com/gallery/eMrDih2](https://imgur.com/gallery/eMrDih2) + +**Regular Bullish Divergence:** price is setting a lower low while the oscillator is setting a higher low. + +* This divergence signifies that there is less sell momentum accompanying the lower low in price, therefore signaling that participation by the bears is dwindling at these lower price levels. +* Here is an example of regular bullish divergence playing out on Nike on the 3 day chart: [https://imgur.com/gallery/FtCFWIr](https://imgur.com/gallery/FtCFWIr) + +**Hidden Bearish Divergence**: price is setting a lower low ***in a downtrend*** while the oscillators is setting a higher high. + +* This divergence signifies that there is more momentum/buy pressure being put into the asset and despite that there is a resulting lower low in price. + * In essence this shows that the bulls are pumping in increased momentum into the asset and that still cannot prevent a lower low from taking place. + * Hidden divergences can be quite tricky to spot for the new trader and my general rule of thumb is play hidden bear div in bear markets, not bull markets. +* Here is an example of hidden bearish divergence playing out on Nike on the 3 Day chart: [https://imgur.com/gallery/OYTz3x0](https://imgur.com/gallery/OYTz3x0) + +**Hidden Bullish Divergence**: price is setting a higher low ***in an uptrend*** while the oscillator is setting a lower low. + +* This divergence signifies that there is less momentum/buy pressure being put into the asset and despite that drop in buy pressure there is a higher low in price. + * In essence this shows that the bears are selling more and the bulls are buying less and yet this still cannot prevent a higher low (bears would want a lower low) from taking place. + * Hidden divergence can be quite tricky to spot for the new trader and my general rule of thumb is play hidden bull div in bull markets, not bear markets. +* Here is an example of hidden bullish divergence playing out on Nike on the 3 Day chart: [https://imgur.com/gallery/dFaCxuw](https://imgur.com/gallery/dFaCxuw) + +**Exaggerated Divergence:** + +* Exaggerated Divergence is driving at the same concepts explained in Regular Bull/Bear divergence, except instead of a higher or lower price, the oscillator is much higher or lower while price **is the same**. This also indicates a significant shift of momentum on the asset in relation to price. + +A ***critical element*** of the RSI formula to keep in mind is that the RSI values are calculated off of the ***closing price*** of the candle. Accordingly, candle wicks ***should not*** be used to try and spot divergence. For spotting divergences on RSI the correct methodology should be that on green candles the top of the candle body is used and on red candles the bottom of the candle body is used. + +Another ***critical element*** on divergence is that divergence will often "build", especially if using a lower term time frame such as the 1 day, 4 hour, 1 hour, etc. On lower and medium term time frames it is often prudent to wait and see three "strikes" of divergence before looking to make a trade based upon the RSI divergence. + +See the multiple strikes of divergence present on the 4h for QQQ: [https://imgur.com/gallery/BdgEhpB](https://imgur.com/gallery/BdgEhpB) + +**Major RSI Zones & Overbought/Oversold Levels** + +The zone that the RSI currently finds itself within can give a strong indication of whether bulls or bears are in control. It should be noted that these zones gain more relevance on higher time frames regarding who is in control of the larger trend. In addition, how price action reacts off of the borders of these zones can be very useful for technical analysis. For example, if price is trying to break over a critical horizontal resistance level, but RSI is rejected from getting into the bull control zone (over 65), it may very well be an early indication that the breakout is going to fail, or at least stall for a bit. + +**ZONES** + +The Zones are as follows: + +1. 65+ = bull control zone (bulls are regarded as being in control with RSI above this level) +2. 64-46 = neutral zone (this area is regarded as neutral, and may be dipped into on a bullish/bearish "reset' of the oscillators) +3. 45- = bear control zone (bears are regarded as being in control with RSI below this level) + +Below are some examples of RSI zones in action: + +1. Rejection of getting into bull control zone: [https://imgur.com/gallery/f46SCR5](https://imgur.com/gallery/f46SCR5) +2. Finding support along edge of bear control zone: [https://imgur.com/gallery/YF4eIYD](https://imgur.com/gallery/YF4eIYD) + +**OVERBOUGHT/OVERSOLD** + +Due to the reasons explained in this post, blindly selling or buying an asset merely because it is overbought or oversold will often result in less than ideal results. However, whether an asset is "overbought/oversold" is still an important factor to consider and ***I have noticed*** that on very high time frames (1 week, 1 month) an asset will not remain overbought or oversold for a very long period of time. That being said, in strong bull markets RSI can spend more time over 80 than you'd think and the same applies for strong bear markets and under 30/20. Conversely, in a strong bull market RSI on higher term time frames will often bounce extremely quickly from under 30 reflecting the strong macro trend (vice versa for over 70 in bear markets). + +Below are the criteria for overbought and oversold: + +1. Overbought = over 70 (over 80 in strong bull markets) + 1. Here is a chart of overbought RSI on the 1 week on S&P 500 futures: [https://imgur.com/gallery/BDE4iWF](https://imgur.com/gallery/BDE4iWF) +2. Oversold = below 30 (below 20 in strong bear markets, if anyone still remembers what one of those is :D) + 1. Here is a chart of oversold RSI on the 1 week on S&P 500 Futures: [https://imgur.com/gallery/2h7RIW4](https://imgur.com/gallery/2h7RIW4) + +That covers this crash course in RSI. Now the next time you hear a suit on TV or a Youtuber talking about overbought/oversold RSI and that as a result the asset must reverse course soon, you can proudly assure yourself that the person doesn't know as much about RSI as you do! +Hi, I've recently become interested in economic theory and its influence on shaping the world we now find ourselves in. I am very much new to the subject with only a basic understanding of monetary and fiscal policy. But I want to understand it all intimately. I'm currently reading why nations fail which deals with general trends in economics but doesn't delve into a ton of detail. My question is this. Is there a recent book (preferably from the past decade) that could give me something close to an academic level of understanding regarding economics in the past century. I'm will to read very long, very dense books. Is there a best starting point? If there's not one catch all I'm willing to take on a few. Thank you so much in advance. + + +Edit: it may not be relevant but I have no aversion to math. I have degrees in physics so if something is very math heavy that isn't necessarily a deterrent for me and in fact may be preferential. I just really want to understand the concepts instead of having them explained to me. If that makes sense +I guess this is a rangey type what if question, but Ive been watching some Milton Friedman on youtube because I realised I had no idea what he thought about anything. My loosest of loose grasps is the following: + +Keynes|Friedman +---|--- +Government spends to stimulate the economy in key areas|Government backs off to give the economy space to stimulate on its own +Government prescribes policy (minimum wage, inheritance tax etc) to establish norms with reasonable limits|Let the market set its own limits - there are all sorts of circumstances Government can't account for +Communism failed because the government relentlessly targeted the wrong sectors for growth and investment while neglecting others|Communism failed because the economy was planned and closed, and the overall money supply was closed and fixed. Printing extra money just spiked inflation, like post-Versailles Germany + +Could a Planned Economy with an independent Monetary policy and Reserve Bankwith a gradually increasing money supply, have been able to have sustained for instance the Soviet Union's economy in the 70s/80s/90s? + +Or would a Planned Economy always be doomed to hyperinflate or deflate because the economy isn't diversified enough? Is Keynes really Fiscal where Friedman is Monetary? + +Weird questions, and no shortage of misconceptions, I'm sure! Any answers would be helpful +So I'm just comparing two fairly recent pieces of news: + +**News Number 1**: DFV's former employer, MassMutual, recently got fined **$4 Million** because the firm did not "adequately supervise" DFV and other MassMutual broker-dealer agents, which allowed DFV to make large trades in GME that exceeded MassMutual's $250,000 limit. + +[https://www.nbcboston.com/news/local/roaring-kitty-key-figure-in-gamestop-stock-craze-nets-massmutual-4m-fine/2493758/](https://www.nbcboston.com/news/local/roaring-kitty-key-figure-in-gamestop-stock-craze-nets-massmutual-4m-fine/2493758/) + +&#x200B; + +**News Number 2**: + +Merrill Lynch is paying a **$850,000** fine to settle charges that it improperly closed out fail-to-deliver positions resulting from short sales, doing this **over 6000 times**, from **2005** to **July 2016.** + +[https://www.fa-mag.com/news/merrill-lynch-fined--850k-for-trading-improprieties-64325.html](https://www.fa-mag.com/news/merrill-lynch-fined--850k-for-trading-improprieties-64325.html) + +&#x200B; + +Yep, nothing to see here, folks. Seems *totally* fair to me! + +&#x200B; + +/s +1 year away from graduating with a B.A in Finance at a well known school in the Chicago area. Seven year Air Force vet. I have the opportunity to go for my masters, even doctorates for free as well. All which I am considering too. I have a 3.9 GPA as of this past spring. + +After college though, what should I consider doing if I wanted to earn the title of being a financial analyst? Any recommended youtube videos? Should I get a CPA? + +I do know excel is huge and being able to read accounting reports is equally important. I'm in it to do big things and your advice here would really help me out. + Tonight was a historic night for $HoodRat! The AMA was awesome, as we got to both see and learn about the team during their live doxing event. Following introductions, the team went into details on the plans, including a beta release in August. Initial functionality will include the ability to search contracts for rugging and other contract flaws using Hoodrat token. + +The biggest announcement of the night was Moe Bradberry’s massive investment. He joins an already all-star team, looking to propel this project to the next level. He brings unique experience and millions of YouTube subscribers. + +**Project Details** +We are developing a bot to protect your investments in real-time through contract technical analysis. + +HoodRat is committed to helping protect you and your hard earned gains. Our proprietary bot will scan new and existing contracts, providing key insight to you and the community. This will allow you to make the most informed investment decisions on the fly. + +* ✅ Devs doxed +* ✅ YouTube and TikTok campaigns live +* ✅ Instagram marketing campaign live +* ✅ Applied to Blockfolio, CoinGeiko, CMC, and CoinHunt +* ✅ Getting Audit +* ✅ Whitepaper next week +* ✅ PooCoin Banner ads next week + +**The Team** +Made up of talented developers, strategists and marketers and expanding fast. Each member of the team brings unique experience, including Fortune 500 companies and over 20 years experience in the technical consulting sector, 5 years in the high-tech industry and 10 years in the financial sector. + +* 🧀 BUY ON PANCAKESWAP +* 🧀 1,000,000,000 Total Supply +* 🧀 50% of supply burnt at launch +* 🧀 5% Of Every Transaction is automatically burnt +* 🧀 5% Of Every Transaction Redistributed To Holders +* 🧀 Liquidity Locked +* 🧀 Website: [https://hoodrat.finance](https://hoodrat.finance/) +* 🧀 TG: [https://t.me/HoodratToken](https://t.me/HoodratToken) +* 🧀 Twitter: [https://twitter.com/FinanceHoodrat](https://twitter.com/FinanceHoodrat) +Hello fellow investors + +I have wanted to write this post since long but laziness got to me, this post is for all those who have just started earning/got married or did not track their finance. + +I have been tracking my finance regularly since I bought a home, I used to it before but then left in between so let me dwell further: + +**How do I track my expense:** + +I use the app “Walnut” ( [https://www.getwalnut.com/](https://www.getwalnut.com/) ) to keep a record of my transaction, it reads my SMS and maintains a monthly journal, it has some limitations for example if I pay something using amazon pay and have used my credit card for it - it tracks it twice as both the bank and Amazon send me an SMS - so double counting. + +95% of my expenses were digital, and since the pandemic its almost 100%, so it’s easy to track. + +My wife and I have this app, so we get a monthly report, which is then used to put it on my template (will upload it here later) + +**My Template for tracking** + +I have a simple excel for tracking, which has the following fields. + +&#x200B; + +|**Date**|**Expense**|**Subcategory**|**Amount**|**Mode**|**Notes**| +|:-|:-|:-|:-|:-|:-| +|12-12-20|Health|Medicine|500|UPI|Pharmeasy| + +**Date**: Self Explanatory + +**Expense**: Major categories + +* Housing +* Daily Needs +* Transport +* Fun +* Baby Expense +* Health +* Others + +**Subcategory**: All the above categories have a smaller description attached, for example: + +**Health** + +* Medicine +* Doctor +* Test +* Others + +**Amount**: The amount you spend + +**Mode**: Cash, Credit Card, etc + +**Notes**: If I have paid advance to someone (domestic help) if some part of the money will be refunded etc + +**Learning from expense tracking and advantage:** + +1. Initially, I had a rough idea that how much I spend based on what **Spend = Salary - Savings**, once I started tracking it was easy to plan a budget because while cataloguing the expense I could see where we (me and wife) were overspending, it was funny once we realised that we ordered online food a lot more than we thought ( we were in the range of 7k while we thought we were in 3-4 k. The categorisation of spends also help identify essential expenses and something that could be controlled +2. Tracking refunds ( since a lot of payment were digital, there were cases of double payments, payment failure and other cases and we used to forget about them, now it’s simpler +3. We also realised that taking membership of various apps have brought down expenses (Swiggy, Prime, Big Basket, Licious), we are saving much more in delivery fees, and sometimes we used to order things to save on delivery fees. It might defer from person to person and place to place. +4. From the past two years of data, I exactly know how much emergency savings I require since all my expense are recorded including my home loan, EMI etc. - so I can create and an emergency fund which covers my expense. +5. Tracking of advance - a lot of my time my domestic help take advance from me, or there is the case of my baby sitter who saves her money and asks to transfer to her home when required easy to maintain logs. + +Link to the template: [Personal Expenditure - Template.xlsx](https://drive.google.com/file/d/10xOfuVqahsGeXqt-2QJT2aV8rLOzctR9/view?usp=sharing) (Are you able to download this?) + +Let me know other advantage and methods you use to track the expense. + +Edit 1: Based on the comments, people are getting bored of doing this task, but this is all about discipline as u/arthurpewty85 pointed out. Not to preach, but without discipline, everything is difficult, and in finance, discipline matters a lot. + +&#x200B; + +Edit 2: List of apps people mentioned + +&#x200B; + +1. [https://play.google.com/store/apps/details?id=com.realbyteapps.moneymanagerfree](https://play.google.com/store/apps/details?id=com.realbyteapps.moneymanagerfree) +2. [https://www.aspirebudget.com/](https://www.aspirebudget.com/) +3. [https://play.google.com/store/apps/details?id=mic.app.gastosdiarios](https://play.google.com/store/apps/details?id=mic.app.gastosdiarios) +4. [https://play.google.com/store/apps/details?id=com.helloexpense](https://play.google.com/store/apps/details?id=com.helloexpense) + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + + +"When it comes to Benjamin Graham, two words come to mind: value investing. He advocated buying assets below their intrinsic values, which creates a margin of safety and a potential for large returns. Graham passed away in 1976, but his views on investing continue to influence many investors. Among his disciples was Warren Buffet... + +For Graham, an intelligent investor is neither an optimist nor a pessimist. He’s a realist who buys from pessimists and sells to optimists. Optimists buy high, pessimists sell low, while realists get assets at a discount. " + +Quote from **The Educated Investor's Handbook: What you need to know first** + + +44M, married, no kids, no debt, unemployed, renting apartment, two paid-off cars, no 401k, no IRA, received $500k cash windfall. wife makes \~$65k/yr gross. + +I was taking care of a my mom for the past year and a half. She passed and left me with an inheritance of over $500k. One of the first things I did was pay off our new car, which my wife had been making payments on. So we have no debt, but I'm not yet employed and have no retirement investments like 401k, IRA, or owning a home. + +I've been learning a bit about investing, but it's new for me, so I'll be seeking a consultation with a fee-only fiduciary. I had one meeting with a commission-based advisor, who suggested an income portfolio for me. It sounded like a pretty nice idea to have monthly income from a portfolio, but I didn't dive in with a large investment because I've repeatedly read about the importance of a fee-only fiduciary. I did spontaneously put $80k in a 9-month CD at 2.5% APY, which maybe was dumb; I consider it an emergency fund. I still have about $420k just sitting in a savings account that is ready to be invested, and I don't think I'll need to draw from it for at least couple months, while unemployed and drawing from my checking account ($10k). + +I don't want to rush back to employment, but do some light traveling like camping and road trips, pursue my low cost hobbies and art, and manage our household (chores). We're talking about having children, so I may end up as a stay-at-home dad for a while before returning to work. Our dream would be to raise our kids in a home that has a yard (for our dog), but such a family home in our area is $700k - $1m these days, so I don't know if that's feasible. + +For retirement, I'll eventually receive inheritance from my dad in the future, who has over $400k in savings that he's unlikely to ever need, want, or even know what to do with. I might help him invest it as part of managing an early inheritance. + +Now some of my questions: + +1. Does an "income portfolio" sound appropriate for my current situation? +2. What kind of considerations should I make when balancing income, growth, risk? +3. What questions should I ask a fee-only advisor? +4. Are investment apps like M1 Finance and Dizraptor secure? +5. Are index funds only for growth, or can they be for income? + +Thanks in advance for answering any of those! +People bought a lot of risky stuff. ICLNs, ARKKs etc. + +These people never held anything longer than 2-3 months, never went through a market correction, never witnessed a scandal that wipes out 15% of their position in a day. + +I am not saying that asking about market condition is wrong but there are stocks that don't and won't dip on days like these, less risky, more stable but less sexy also. It's your choice to buy a risky investment and please be prepared to see some losses along the way. + +GME created a huge inflow of people to stock market subreddits and I am tired of scrolling through thousands of posts asking about market bubble, market correction. Yes some stocks are overvalued but we are in totally uncharted waters given so much money printing, covid but also investor beliefs in certain markets. + +You are buying stocks like AAPL and MSFT at high valuations, you are not that person that bought apple in 2003 and has 120000% gains. Please be weary about the other side of your trades - there are people taking huge profits - if we will have a lot of them in a span of 10-15-30-120 days we might see a market correction. + +If you are new to investing buying a stock feels like a very intimate moment, sadly, a lot of people already own/owned that stock. + +If you want safety sell your positions and buy ETFs (stable all world, maybe S&P), maybe go for a dividend stock like T. If you can't handle your emotions make your portfolio all cash and trade on a paper account. + +And for the love of god don't call yourself a "long term investor" because you are bag holding a 20% loss. It might never come back, may come back tommorow, maybe in 7 years? You never know. We might see a bunch of people soon using that term more often to offset that psychological game of chess with the market but in reality you are simply not realizing that losses. I am 100% sure these LTIs are going to sell their position once breaking even. + +Stock market is a game of psychological chess and if you are weak - you will be wiped out by people with time, money and huge balls. + +Please create daily/monthly/yearly threads designed for a discussion about bubble/correction or market conditions. There is so much noise it's crazy. + +\#bringbackmaturity + +Not a financial advice. +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: + +* 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! + +Hi all, + +i write you here (and some other subreddit) such as FIRE and PersonalFinance because i feel a bit confused about what to do now. + + +In 2017 I bought a bitcoin for 2500 USD, this year i sold my BTC for 55k USD and bought 7000 AMC shares at 9.78. The shares actually worth 282k USD. + + +Now people think AMC shares could get a price of 100 / 500 / 1000k each one and it would get me very rich, but I don't know if I can trust the DD, I suppose you are aware of AMC & GME short selling story this year. + + +Clearly I don't want to keep this shares forever, I'm 38 years old, with a normal job, I don't have yet a mortgage for buying house(but I think i would buy it), I live in Italy. + + +I would buy a house but I'd like also to have a very good monthly/yearly return by investing this money (paying a mortgage for buying house as well) + + +Invest my money in something else ? Buy a home ? Waiting for AMC squeeze ? + +What would you do ? +Please also suggest me where and how to invest.. + +I'm interested in ETF or follow some good investors on eToro with good profits and a safe level. +Lots reporting this afternoon that Ofgem's energy price cap is set to be even higher than predicted. Up 64% in October and a further 4% in January. + +Martin Lewis discuss it on Twitter here: https://twitter.com/MartinSLewis/status/1545412960096485376?t=SjWHVARVq9O7oeaALXYRAw&s=19 +Hey everyone, I hear a lot of you say "new to investing" to beginners and I wanted to understand or see if any of you could define your idea of new vs. experienced in a bulleted list, or something. I consider myself new, and I read balance sheets and look at competitors in similar sectors of an investment in interested, etc. But I may not have developed the right instincts yet (in fact I know I haven't). Could you help me understand the steps it would take to be considered an expert investor, with the aim of someday getting a "this is the way" comment? + +P.S. I always want to add that I love this subreddit... So I will. +I get that their business model is great and they have a low cost advantage. But almost 200 PE???? And some of their products are total junk in terms of quality (unbranded stuff). Even Walmart at its peak was 70 PE. Is it just me? Is the market truly efficient and I'm a dumbass for not seeing what everyone else sees? Even Amazon wasn't that expensive during the 2000s. This is DOT-COM BUBBLE LEVELS WE'RE TALKING ABOUT. + +Get this: A 2.5 Lakh Crore company with 24k Crore Annual Revenues and a Below 10% Margin on Sales. + +Do people factor in: + +1) The rise of Online shopping (Amazon, BigBasket and countless others), + +2) other retailers (RELIANCE RETAIL, SPENCERS, RATNADEEP, BIG BAZAAR, etc.), + +3) the fact that their products are only 10-15% cheaper and not drastically cheap (sometimes my Kirana Wala's prices for the same branded products are cheaper by a large factor and I don't understand how. Does he have the low cost advantage too?) + +Do people just assume DMART will somehow grow at 35%+ for the next two decades? I understand compounding but their scale is VERY different from what they were 10 years ago. It's easy to compound at such high rates when you're small. What happens when the long term PE ratio after the growth phase corrects to a 25 PE? + +Again, not hating on DMART. Love how they've built it but has the market pushed this too far? + +(EDIT: the below comments make a case for the Huge untapped Indian organised retail market, real estate, lower costs by 20-40%, brand loyalty etc. Thank you so much everyone, I had written this off as way too overvalued to even analyse but I’m keeping this on my radar until I figure out how much the real estate is actually worth and more. THANKS AGAIN Y’ALL 😊) +TLDR: Recovery would be V-shaped; healthcare needs more focus; there is a limit to 'concessions' + +* The survey is from the MoF, and is tabled before the budget. It is however not directly linked to the budget. It can be taken as an advisory +* GDP is expected to decline by 7.7% for FY 20-21[https://www.livemint.com/budget/news/economic-survey-2021-says-india-s-gdp-growth-at-11-in-202122-11611908534391.html](https://www.livemint.com/budget/news/economic-survey-2021-says-india-s-gdp-growth-at-11-in-202122-11611908534391.html) +* It is expected to increase by 11% in FY 21-22 - this is as much of a V as one can expect +* However, it would take 2 years to make up for the shortfall in 2020 (this is basic arithmetic anyway) +* Investment growth needs to be watched; consumption growth is expected first +* Deficit would exceed the 3.5% of GDP initial target (I could not find any hint to the expected deficit - Feb 1 would give this though) +* India's sovereign rating is not commensurate with the fundamentals +* Economics wise, covid is a once-in-150-years phenomenon - >90% of the economies would see a contraction in GNP in 2020 +* There is a huge discussion on the costs of 1919 flu (btw, this flu originated in the US and was first reported by Spanish media) +* India and Russia seem to have the largest differences between active cases and 'naturally expected' cases... +* (This would become political) - Within India, Bihar has done much better on actuals vs expected - and no points for guessing which state has done the worst +* "Survey endeavours to provide the intellectual anchor for the government to be more relaxed about debt and fiscal spending during a growth slowdown or an economic crisis" +* For India, GDP growth would lead to lower debt levels, and not the other way around +* In terms of government debt, India is at the median compared to the OECD and BRICS group +* Combination of high growth rate and higher existing poverty levels can reduce inequality over time +* Private sector needs to do more for innovation +* and more... + +A brief news report...[https://www.livemint.com/budget/news/economic-survey-2021-says-india-s-gdp-growth-at-11-in-202122-11611908534391.html](https://www.livemint.com/budget/news/economic-survey-2021-says-india-s-gdp-growth-at-11-in-202122-11611908534391.html) + +The entire document is here: [https://indiabudget.gov.in/economicsurvey/doc/echapter.pdf](https://indiabudget.gov.in/economicsurvey/doc/echapter.pdf) +So I think it would be interesting to know how many of us don't have any ETH yet. For the purpose of this poll I would consider anyone with less than 1 ETH to be a nocoiner. Would love to here from people with less than 1 ether, "Why?"! + +[View Poll](https://www.reddit.com/poll/9p0jx1) +Welcome to the Daily General 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 meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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. + +*** + +Thank you in advance for your participation. Enjoy! + +Hi everyone, + +I've just started looking into investing and I had a look at this subreddit and I'm surprised to see it's EUPersonalFiance but everyone is asking about investing in the US market and not the EU market. + +Doesn't the EU market have potential? Wouldn't investing in our market be safer and more rewarding to us Europeean citizens? + +\*this is just a thought, rant\* +Oh no! Fake squeeze to $1,000! + +Imagine every single call option $500 and under getting exercised all at once. At $1,000 all those options become essentially free to exercise. Even if you didn't have money (Ape-simple math) and "sold" half to cover costs, you would have 50 free shares per contract (that's not how it would really work, but the end result is the same). + +There are about 200,000 OTM/ITM call contracts right now. There are more, but simple math. If all those exercised that's 20 million shares that need to be bought. "Fake squeeze" doesn't pass 5 minutes of scrutiny, just from options. There are other reasons it doesn't make sense, but call options may be the easiest to understand. +I'm a business analyst with almost 2 years of experience, and just got offered 55k EUR gross in Luxembourg. It's definitely better than my current job in Eastern Europe, however is this salary good for the local job market in Luxembourg? From what I could research it seems average or below average, I want to know so maybe when I'm there I can look for a big raise or change to a different company in 1 year or so. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- 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. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + + I had to repost this because I couldn't respond to comments for some reason and this wasn't an issue with reddit, please feel free to ask whatever is on your mind! + + +&#x200B; + +Hi! I know not a lot of people sell futures options neutrally so here are my results for 2021 and hopefully it helps someone out: + +At the end of this post I will add my strategy in detail. + +I started this year with $94,839.89 and ended up with $184,541.5 + +This is a positive P&L of +$89,701.61 or +94.58% on the year, here are some numbers: + +Total closed trades: 145 + +Total wins: 131 = +$136,638.502 of profit + +Total losses: 14 = -$46,936.892 + +Expected win rate: 86.89% + +Actual win rate: 90.34% + +Avg trade duration: 17 days + +Avg DTE when opened position: 55 DTE + +Avg win: +$1,043.042 + +Avg loss: -$3,352.635 + +Avg win/loss ratio: 1:3.214 + +&#x200B; + +Stats per product I traded: + +https://preview.redd.it/plc0mmg6x5b81.png?width=2470&format=png&auto=webp&s=27968e4fb3642a8f0b46c798dfc286b0d5aca73b + +&#x200B; + +NOTE: the ES trades were all 1 DTE trades, I wanted to try it out and it did not work out too well for me! All the other trades were using the exact same strategy which I added below. + +The top 5 products in the photo are the best performing ones for me and have been over the past few years, I have tried to optimize NG and CL and the results actually got better in 2021 but still pretty bad in my opinion. + +My plan for 2022: + +&#x200B; + +1. Stick to the top 5 products only (GC, SB, ZC, ZB, RTY) +2. No energy products! (NG, CL) +3. Increase my risk per position to 7-8% from 5-6% + +Took me a while to crunch that data but I hope it is useful to you the same way it is to me! + +Thank you for reading! + +My strategy in a nutshell(updated): + +\- I ONLY sell futures options (no stock options and no buying) + +\- I sell strangles and iron condors outside the expected move (usually works out to be delta 16 on each side, not always) meaning I am always delta neutral in my assumption and expect the product to trade within the expected move range. + +\- I always have at least 4-5 small positions open at all times + +\- Each position is from a different major sector in the futures market (Futures Major sectors: agriculture, metals, indices, currency, bonds, product & produce, energy) + +\- Because each position belongs to a different sector they have little to no correlation to one another, when one position is losing badly it doesn't affect the others + +\- I sell with at least 45 DTE, no less! + +\- I take profits at 50% of credit and take a loss at 150% of credit (Risk $3 to make $1 but depending on the position, can be a better ratio) + +\- If none of my targets are hit by 30 DTE, I will look at the position and might close the position to avoid gamma risk + +\- I avoid adjusting my positions and let them play out + +\- If I lose on a position it is because of an outlier move, after a loss I will wait for IV on that specific product to drop and normalize before I open a new position on it + +\- If I win on a position, I reopen a new one on the same product right away. + +\- I do zero technical analysis. + +\- I mainly try to avoid high IV products. + +\- I use up to 60%-70% of my buying power at once + +\- I make sure I can lose up to 7-8% of my total account value on a single position, no more! + +\- I currently trade 5 products in total mostly: ZB, ZC, RTY, GC, SB (all futures options) + + +Thank you! +Eli Buyko +Kiba Inu, Kiba is the next Shiba. + +&#x200B; + +Kiba restores integrity to meme coins by building a KibaSwap which automatically checks for honeypots and also lets you know that the ownership is renounced or not. Next to that it will have so many useful features, like charting, gas checker, new token lister where all coins are automatically checked for possible honeypot. The developers will constantly work on the Kibaswap to become the best Swap platform out there. + +&#x200B; + +Also, the marketing side is completely insane. For example, Jake Paul has decided to become an ambassador for the coin and pushing it forward + +&#x200B; + +Every buy or sell transaction is taxed with a 9% fee, where 1% is used for redistribution so that holders will be rewarded and seeing their bags grow. 8% is used for marketing and buybacks. This is very important to increase our holders and new big investors. The developer has invested over 1.1 million dollars already in buybacks and the same amount in marketing. + +&#x200B; + +Kiba is not just your next new anime token, but also will have a proper use case. + +&#x200B; + +Tokenomics + +8% Marketing + +1% Reflection + +&#x200B; + +Liquidity locked for 1 year on [Team.finance](https://Team.finance). + +&#x200B; + +&#x200B; + +Kiba Inu is audited by Certik and has 0 risks or flaws. + +&#x200B; + +BSC Contract: 0x31d3778a7ac0d98c4aaa347d8b6eaf7977448341 + +ETH Contract: 0x4b2c54b80b77580dc02a0f6734d3bad733f50900 + +&#x200B; + +Website ([https://kibainu.space/](https://kibainu.space/)) + +&#x200B; + +Telegram ([https://t.me/KibaInuGlobal](https://t.me/KibaInuGlobal)) + +&#x200B; + +Twitter ([https://twitter.com/kibainukiba](https://twitter.com/kibainukiba)) + +&#x200B; + +Kiba Inu - ETH Token, Swap, & Bridge + +Kiba Inu is a community driven ERC-20 token that is on a mission to continue to grow to be known worldwide. The Journey starts today, will you change your life forever? +&#x200B; + +# --- EDIT: DEBUNKED. Bloomberg geographic data seems to be garbage. Sorry folks. End of Edit ---- + +&#x200B; + +&#x200B; + +https://preview.redd.it/vhceawxjsf571.png?width=800&format=png&auto=webp&s=cf609e25ab084b678e7eb42b74433ec1e9b0d727 + +&#x200B; + +About a week ago, I came across a [comment](https://www.reddit.com/r/Superstonk/comments/nw9uq4/the_number_of_votes_equals_the_entire_float_on/h180tw4?utm_source=share&utm_medium=web2x&context=3) by u/evertwindelen referencing[ an official report](https://www.afm.nl/~/profmedia/files/onderwerpen/afm-market-watch/afm-market-watch-3-nl.pdf?la=nl-NL) that was published by the Netherlands Authority for the Financial Markets (AFM) discussing the GameStop phenomenon and how it impacted Dutch investors ([Link to an English version of the report](https://www.afm.nl/~/profmedia/files/onderwerpen/afm-market-watch/afm-market-watch-3-eng.pdf?la=en), but it downloads a PDF). These guys are basically the Netherlands' version of the SEC. The whole report is super interesting, but I'm only going to cover the highlights that are relevant to this particular discussion. + +&#x200B; + +* The report covers GameStop trading activity by private Dutch investors (aka retail) during the period of January 18 2021 - March 18 2021. +* During this timeframe, 29,394 investors traded GME, none of whom had invested in GME before (*though if someone wants to confirm this translation, it’s just under figure 1 -* Edit: Translation confirmed) +* The average total purchased value within this group of investors was $11,532. +* The average purchase price within this group of investors was $189 per share. + +&#x200B; + +So let's start with that. $11,532 / $189 = 61.015873 shares on average, multiplied by 29,394 investors = 1,793,501 shares purchased in the Netherlands between January 18 and March 18. A note here: this is a cumulative number, so if someone bought 10 shares, sold them all, bought 10 more, sold them all, then bought 10 more again, it would be represented here as 30 shares, not as 10 shares. + +&#x200B; + +Great, that's cool, but... so what? Well, if we know what portion of shares were held in the Netherlands at that time, then we can establish how many shares there were worldwide. Let's take a look at what the Bloomberg terminal has to say about share distribution across different geographic locations around this timeframe (huge thank you to u/ravada for providing these screenshots!) - the Bloomberg terminal doesn't allow specifically selecting a mid-week date, so we'll see what the data shows for the beginning of the week of March 18th (a Thursday) as well as after that week ended. + +&#x200B; + +[Link](https://prnt.sc/15fk0qd) for first screenshot, if you want it + +[Screenshot from a Bloomberg terminal where we can see geographic ownership on March 14 2021, the beginning of the week in question](https://preview.redd.it/o3vuufo7rf571.png?width=1374&format=png&auto=webp&s=72c544b6332ca97983bcc994f8bd511bcc4ac558) + +[Link](https://prnt.sc/15fk1l2) for second screenshot, if you want it + +[Screenshot from a Bloomberg terminal where we can see geographic ownership on March 21 2021, the end of the week in question - note that there is no difference for the Netherlands when comparing these two data points.](https://preview.redd.it/zlm28delrf571.png?width=1374&format=png&auto=webp&s=1b39bacf0ed55d943b6f50789b4873bd167ba0af) + +&#x200B; + +So we can see from the Bloomberg terminal that the shares held in the Netherlands made up only 0.19% of the worldwide GME share ownership at that time. + +But wait! Maybe some of the Dutch apes who are discussed in the report sold their shares! Yes, that's a good point. You may have seen the many posts with screenshots from Fidelity, showing that on any given day, [Fidelity](https://www.reddit.com/r/DDintoGME/comments/nx8d77/stonk_goes_down_82_27_and_fidelity_apes_like_all/) users generally have approximately a 75%-80% buy ratio, with only about 20%-25% of orders being sell orders. Similarly, there have been screenshots of [eToro](https://www.reddit.com/r/Superstonk/comments/n6y85s/100_of_etoro_traders_are_buying/) and [Webull](https://www.reddit.com/r/Superstonk/comments/nzhv7b/bullish_af/) showing 100% buy ratios on the day of those screenshots. Obviously, these are just point-in-time references and don’t necessarily reflect the average buying trends of those brokers, but it gives us an idea of where to start. Interestingly, the report also mentions that for some Dutch broker, GME was the most traded stock in February and March - this matches up with a lot of those screenshots we saw about GameStop being the most popular stock in most European countries around that time. But... wait... the aborted squeeze (when many brokers shut off the ability to buy GME) happened in January... so GME was the most traded stock AFTER the aborted squeeze had already happened, so the people buying up GME at that point were probably a whole lot of HODLer apes. + +&#x200B; + +So we'll take a look at 5 scenarios: + +* a very conservative option where only 30% of those shares were held, while the rest were sold (or possibly bought & sold repeatedly, like in my example at the beginning) +* a conservative option where 50% of shares held +* a cautious but realistic option (based on the Fidelity / Webull / eToro screenshots) where 70% of shares were held +* a cautiously optimistic option where 80% of shares were held +* a very optimistic option where 90% of shares were held + +&#x200B; + +[Even if we're being really conservative, there are way too fucking many shares](https://preview.redd.it/1o1e1fycsf571.png?width=530&format=png&auto=webp&s=bc4e6e9ee0472992b1a15e58bb8b49510ae0d1a5) + +Now, I’m sure someone with more wrinkles than me can take this info and come up with a model to show how share ownership may have increased (I assume) over time as more and more naked shorts were dumped into the market and apes gobbled them up. Remember that the estimates I laid out above were for share count up to March 18th, which was after u/deepfuckingvalue initially doubled down from 50K to 100K shares (Feb 19), but before his final call options expired and he posted that update showing us that he had doubled down again to 200K shares (Apr 16). How many other people have potentially doubled their positions in the last 3 months? Also missing from this data are the shares that Dutch retail investors may have already been holding prior to January 18th, and any shares that may have been held by Dutch financial institutions. + +&#x200B; + +**The TLDR is the infographic at the top.** + +&#x200B; + +Edit: There is some contention around the accuracy of the location data in Bloomberg, and whether or not it can be used in this context. My understanding was that the location info is based on brokers (and that the unknown segment is largely driven by brokers who service multiple countries) but there is some discussion in the comments about this breakdown possibly being specific to institutional holdings. Can't seem to find a solid source one way or the other, if you have one please add it to the comments! In the meantime, take this calculation with a grain of salt in case the geographic breakdown is not applicable to this dataset. +Some anecdotal gems I've seen in the last two days: + +1. After a day of a coin fluctuating just to ultimately go down or move sideways they say "it's MOONING" + +2. They're calling their holdings "shares" + +3. A person told me yesterday that dogecoin blockchain is going to "replace the internet" + +4. They seem to believe that joining pump and dump channels on discord is somehow going to benefit them + +5. They keeps saying that "wallstreet", "the suits", or the "wealthy elite" are suppressing the price + +6. Unironically talk about retiring as a result + +7. Been harassing & threatening a former member of the dev team telling him to stop all mining and remove the block reward so the value stops getting diluted + +8. And, as we've all seen, have a fundamental misunderstanding of math and tokenomics + +This is going to end poorly for each and every one of them - deservedly so - but I simply just want to be able to read crypto news without having to filter through this trash +Maybe I'm missing something but printing dozens of trillions USD out of thin air in order to buy junk bonds and bail out every major company that is about to fail should have some major concequences right? Like the USD devaluating or hyperinflation? + +If not, which I don't currently see(if anything the stock market is rallying), then what stops them from printing a couple trillion more to inject into healthcare, infastructure - hell might as well write a 50K USD check and mail it to everyone, I don't see why not. +Hey everyone, + +i recently read "The little Book that still beats the market" by Joel Greenblatt. While not taking it too seriously, I tried the screener since I was wondering what stocks would fit the criteria. I also used finviz screener with the parameters described in the book and got some similar stocks. + +As it turns out, roughly 70 % of the stocks on both lists are the stocks I already had on my watchlist or in my portfolio. Now I'm wondering if someone is investing with that strategy or has some experience with it. Looking forward to hear from you guys. +I'm starting to look for my next multifamily in the Boston area and there are so many gutted homes for sale! I'm guessing folks are running out of money/time and financing is drying up. I"m not paying $1.1m for a gutted shell, even with plans attached, thanks. +\*\*UPDATE (not financial advice)\*\*: In case it was not clear, GME having a -21.6 beta does NOT mean that Spy down = GME up immediately. GME is not the Australian reflection of Spy. GME's high negative beta means that it correlates negatively to movements in Spy. It doesn't mean that this trend is observed for every hour or day of trading. + +"Bbbbut GME is down big at open".. + +1) might I remind you that this stock is highly manipulated? The shorts have untold billions of $ on the line and are not going down without a fight.. but what is a hedge fund to an army of strong sexy 💎🦍 ?!?! If you have conviction in the MOASS thesis, then you know what to do :) + +2) Don't forget that a lot of GME shares are contained in ETFs held by Vanguard, BlackRock, etc. If the market is going to shit, a decline in GME's price does NOT mean the 🦍's thesis is invalidated + +3) These +/- 5% moves are tiny compared to what's to come when GME MOASS.. 🦍 are mentally strong, even more so through this community. + +"Bbbbbut GME's -21.6 beta is largely due to its movements in January & March".. + +Yeah, so? The same factors that contributed to the January run up are in play now, and actually stronger than ever (likely more FTDs, more HODLers, Spy is in a more precarious position, etc). the whole thesis here is GME squeezing properly, right? It didn't actually squeeze in Jan/March. So the highly negative beta, which was due to GME surging \*but not squeezing\* remains an accurate proxy for its future moves relative to Spy, given the structural conditions regarding GME remain the same (heightened, if anything). + +\~\~\~\~\~\~\~ + +tldr: learn to read, then read the post. If that doesn't work: HOLD THE LINE 🦍. Big things are coming.. + +[https://ibb.co/B6WKF5f](https://ibb.co/B6WKF5f) + +Sheesh what a rollercoaster... pretty terrible outcome today right? WRONG. + +TODAY was a BEAUTIFUL day for GameStop loving, Ryan Cohen praising, 💎🙌 Apes around the world and beyond. + +You might be thinking, how can you say such a thing?? Are you in Australia and reading GameStop's chart upside down you idiot?? After reaching a high of $189.00 it fell almost $9..... Well, my 🦍 brothers and 🦍 sisters, allow me to explain. + +/es (and SPY) has been in a consolidation zone from \~4130 – \~4170 since last Friday. Despite common lore that stonks only go up, consolidation zones are actually very important patterns in the market and one of the best times to enter a position. While a stock/ETF bounces between a support and resistance level, it allows energy to build prior to an explosive move. + +Don't believe me? Take a look at what /es guru Adam Mancini has to say on the topic... [https://twitter.com/adammancini4/status/1341178772066889728](https://twitter.com/adammancini4/status/1341178772066889728)"Those who follow me know I mention "consolidation" or "basing" on a daily, and many find this boring or overlook it. For me its the opposite - consolidation precedes the most explosive moves, is the #1 signal I look for on all time frames, and comprises the best classic patterns" + +Now, this afternoon /es seriously tore through its support levels at \~4130 (per Adam; \~4126 if you ask investing guru Cem Karsan): [https://twitter.com/jam\_croissant/status/1394650117395947527](https://twitter.com/jam_croissant/status/1394650117395947527)). + +This means SPY is very likely to enter bearish territory moving forward. You may ask, what does any of this have to do with my beloved GME shares you turd? There are 2 points here. + +1. GameStop has a severely negative beta. For the unaware, beta is a measure of how an individual asset moves (on average) when the overall stock market increases or decreases. GameStop having a negative beta means that historically, the stock goes up when the market (SPY) goes down. + +Take a look at this... [https://ibb.co/zQWp7v9](https://ibb.co/zQWp7v9) + +GME has a capital-structure adjusted beta of -21.6, which is INSANE. This means that GME is RADICALLY inversely correlated to movements in SPY (companies typically have betas of -1 to 1...). + +Take a look at GME's year-to-date chart to confirm.. when GME surged in late January and mid March, SPY was declining. There are likely numerous reasons for this, including: market contractions causing lower liquidity for funds (due to losses, redemptions) which puts upward pressure on GME due to the large short exposures held by institutions (the margin call thesis); and retail entering GameStop as one of the few strongly performing investments during market declines (causing a positive feedback loop). + +2. If you've stuck with me thus far, I think I might blow your chimp mind with this one..At any given time, there is an /es level for which GEX (gamma exposure) would be neutral. As of EOD today, that level was 4152.5...[https://twitter.com/TradeVolatility/status/1394747641192275968](https://twitter.com/TradeVolatility/status/1394747641192275968) + +When gamma is positive, MM hedging strategies amplify upward market movements. When gamma is negative... you guessed it, MM hedging strategies amplify downward market movements. This strongly contributed to the mouthwatering red days / circuit breakers we experienced in Spring 2020. + +NOW, this is critical... Wednesday morning (tomorrow!) marks the monthly expiration for Vix futures contracts (similar to how OpEx, or Options Expiration, occurs the third Friday of each month). + +My tits are getting hard writing this: there have been only 4 instances in the past 10 years where VixEx corresponded to negative GEX. The subsequent 4-day performance for SPY was... + +3/17/20 (-12%) + +12/18/18 (-8%) + +5/15/12 (-1%) + +8/16/11 (-6%) + +proof: [https://twitter.com/CycleWacher/status/1393183734829043713](https://twitter.com/CycleWacher/status/1393183734829043713) + +Are you putting it together yet? There is a VERY strong chance that SPY gets destroyed in the week to follow. Based on the above (average of (-7%) move), the outlook is SPY to hit $383 within a week. I am not predicting this exact level as I am a simpleton. Instead I am simply inferring from the best available historic data and the best minds on FinTwit there's blood on the horizon.. + +If this does occur, it will lead to widespread panic and margin calls. Not so easy for Shitadel, Shillvin Capital, and the rest of their cronies to maintain astronomical short positions on GameStop when: + +1. They've been investing on margin; +2. The market is down 7% or more in a week and GME has -21.6 beta; +3. Short sellers have lost $930 million on GME and AMC over the past 5 days (I suspect this is based on the "21.8% short interest", which we know is dishonestly calculated.. so real losses likely much higher).[https://finance.yahoo.com/news/gamestop-amc-short-sellers-sit-110554197.html](https://finance.yahoo.com/news/gamestop-amc-short-sellers-sit-110554197.html) +4. There are likely hundreds of millions of phantom GME shares that need to be covered; +5. Ryan Cohen / GameStop have acknowledged via Twitter that they are aware of #4, after receiving preliminary share vote data. I mean the guy literally tweeted MOASS last week from GameStop's twitter... +6. GME is at the tip of a beautiful months-long triangle pattern; +7. The 🦍 own the GME float (proof in prior SuperStonk posts) and are holding onto their GME shares like they have rigor mortis +8. The divide between Wall Street and Main Street has never been wider, evidenced by vast wealth & income inequality, the trending video of the mother unable to afford Insulin for her child, etc. +9. There is ever-growing attention on GME & SuperStonk, and MSM purposefully not covering this mind-bending market manipulation on GameStop is increasingly manifesting in the Streisand Effect +10. Likely 10+ other tailwinds I have not addressed. My room temperature IQ can't think about more than 1 thing at a time + +My fellow 🦍 .. strap in, because the GME 🚀 launch is coming ever closer.. and any profits to be gained from spy puts or ARKK puts or AMC calls will need to be examined under a microscope compared to what's in store for the GME HODLers. + +Not Financial Advice. Besides being irresponsibly long GME, my only expense is ordering crayons on Uber Eats. My urine has been rainbow for some time and I likely have pigmentation clogging my neurons and you shouldn't listen to my words. +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). +[https://www.secform4.com/insider-trading/1326380.htm](https://www.secform4.com/insider-trading/1326380.htm) + +You know what's great about GameStop? The Insiders, who know more information than anyone else, haven't sold a share since June and that was the only person to sell since January. + +And now I can't decide if I should [hold or hodl](https://twitter.com/ryancohen/status/1457902069206163460). +Remember that the transformation hasn't even really started yet. Things are unfolding exactly as the DD's have been saying for months now. None of this is surprising. + +We're coming for the 300 apes soon, and you 480 apes soon after! + +Enjoy our day in the green! Nothing has changed about the stock. Buy and Hodl. +I'm about to be 17 and I just noticed how much money you can make with investing opportunities, and I would like to be able to take these opportunities next time. However, I know absolutely nothing about investing. Maybe a book can help? +SweetMoon is developing a bsc-based app for the $5,000,000,000+ camgirl industry that will connect you with your favorite webcam models via a custom built API. This will allow you to pay/subscribe to any camgirl all while remaining anonymous! 😎 + +The token launched June 1st and the market cap is hovering around $2M! 💹 + +**Tonight (June 9th) one of our camgirls will be doing a live walkthrough of the SweetMoon platform!** 🚀 Check out our platform promotional video and our platform preview below!🔽 + +[https://www.youtube.com/watch?v=GtNqpH0JTFA](https://www.youtube.com/watch?v=GtNqpH0JTFA) + +[https://xd.adobe.com/view/f682df22-0baf-44a5-855a-79085b51acfa-a3d1/](https://xd.adobe.com/view/f682df22-0baf-44a5-855a-79085b51acfa-a3d1/) + +💥Current marketing campaigns and initiatives💥 ✅Camgirl ambassadors ✅ Strategic partnerships with current industry platforms ✅ Poocoin ads ✅ Reddit posts ✅ Community giveaways & competitions ✅ CG/CMC listings applied for and coming soon ✅ Promotional videos + +**Growth potential** + +We believe that this project can easily hit over 250M MC! The camgirl industry is worth over 5 BILLION! Simply capitalizing on a small percentage of that will achieve our goal! + +We also know based on other projects that the camgirl and porn industries are incredibly successful in crypto markets. 🚀 + +**Tokenomics** + +* 28.62% of tokens were burnt at launch. 🔥 +* 10% transaction tax: 8% is sent to liquidity and locked / 2% as is distributed to holders as a reward. 💰 + +The SweetMoon DEV team has chosen to remain anonymous for now. This is due to changing regulatory environments and the overall nature of the industry. The team has worked on other projects and is well known and respected in crypto. Funds are SAFU. 🔒 + +Website - [http://sweetmoon.app](http://sweetmoon.app/) Telegram - [https://t.me/SweetmoonBSC](https://t.me/SweetmoonBSC) Twitter - [https://twitter.com/SweetmoonBSC](https://twitter.com/SweetmoonBSC) +I've heard that in the 60-70s the US had a 70% Income Tax on the very wealthy. How it would affect the US economy if the new Biden administration put it back in place? +HаkunаMаtаtа Tоkеn just Lеgаllу signеd а Cоntrаct with fоrmеr Disnеу Dirеctоr оf Mulаn(1998) TONY BANCROFT аnd Tоnу himsеlf shоwеd in Tata's Ama fеw hоurs аgо tо cоnfirm his раrtnеrshiр with thе tеаm! + +Tоnу Bаncrоft is а Disnеу Animаtоr in Alаddin, Liоn King, Bеаutу аnd thе bеаst Hunchbаck оf Nоtrе Dаmе, Thе Emреrоr's Nеw Grооvе, Stuаrt Littlе, аnd mоst rеcеntlу, Sраcе Jаm 2! Hе will sеrvе аs thе Lеаd Influеncеr fоr TATA's NFT Mаrkеtрlаcе аttrаcting Disnеу crеаtоrs аnd рорulаr аnimаtоrs with his Lеgеndаrу Stаtus in thе аnimаtiоn fiеld + +This mаkеs Tata thе оnlу Lеgit Tоkеn tо hаvе а bright futurе in thе NFT mаrkеtрlаcе schеmе. A tеаm thаt hаs а Rеаl Legendary Artist аs Influеncеr instеаd оf tурicаl cеlеbritiеs! + +Huge рlаns incоming! Will bе listеd оn tор 23 glоbаl еxchаngе, Prоbit, bу thе stаrt оf thе nеxt wееk. With this mоrе influеncеrs раrtnеrshiрs аrе оn its wау tоо. Аlоng with this, Ads аnd bill in Lоndоn tо bе рlаcеd in this mоnth. Sо thеrе’s а lоt cоming, bеttеr nоt tо miss оut оn this gеm - buу nоw whilе mаrkеt cар is lоw! + +Is built оn thе fоundаtiоns оf trust аnd trаnsраrеncу. Тhе dеvs dоxxеd thеmsеlvеs bеfоrе рrеsаlе with vidео АMА’s аnd furthеrmоrе раssеd twо аudits (Dеssеrt Finаncе аnd Sоliditу Аudit) with flуing cоlоurs. With this а Certik аudit is currеntlу оnbоаrding. + +Links: + +🌐Wеbsitе: httрs://hаkunаmаtаtа.finаncе (https://hakunamatata.finance/) + +🟦Теlеgrаm: httрs://tеlеgrаm.mе/tаtаtоkеn (https://telegram.me/tatatoken) + +🐦Тwittеr: httрs://twittеr.cоm/tаtаtоkеn (https://twitter.com/tatatoken) +Guys, If you own Vedanta, dont listen to the management about 12,000 crores of loss. This is a pure play from the team to exploit the common retail investors in showing that the shares are not worth their current prices. They have proposed a price of Rs 87 where infact the share price has already hit Rs 105. Dont panic and sell your shares at throw-away prices! + +The discovery price of delisting should atleast be above 240- 280 considering all the subsidiaries and uptick in metal prices. + +If you read the notes from today's annual report ( which you will have to jump two times), then you will reach to a statement where they say - Actual effects will be different than what is presented and will get cleared in due course of time ! + +WTF - Does Anil Agarwal lives in 70s ? and he thinks he is running an Abbas Mustan movie? + +&#x200B; + +Update: Thanks to u/waitingForPR , here is the link where you can read more:- [https://www.bseindia.com/xml-data/corpfiling/AttachLive/94c0742e-343e-4603-8d55-e57de39e2e75.pdf](https://www.bseindia.com/xml-data/corpfiling/AttachLive/94c0742e-343e-4603-8d55-e57de39e2e75.pdf) + +And a video explaining the same - [https://www.youtube.com/watch?v=AYRpMzz7OaA](https://www.youtube.com/watch?v=AYRpMzz7OaA) + +&#x200B; + +&#x200B; +Good day, Reddit Nation! I want to share my journey to $1 million in net worth, a goal which I have nearly attained. I hope this post inspires you, especially the younger ones on this forum — that with time, discipline, and patience you can reach your goal without a ton of heavy lifting. + +To set the stage, I am not a trust fund kid. I’m not an executive with a 6-figure salary. I haven’t received any major windfalls. I have gotten here pretty “organically.” + +I live in a reasonably low/average cost of living area. I’m 41/M married to 35/M. No kids. We are frugal but not on a FIRE journey, per se. We like to find a good bargain. We travel during off-peak times, which helps in that area of the budget. We tend to like simpler things but will indulge ourselves from time to time. But if we don’t need something, we don’t buy it. Clutter equals wasted money and wasted money equals wasted time. + +Assets: +Retirement (combined): $720K +Home equity: $130K (Home value $252K - $122K mortgage — our only debt) +Cash on hand: $50K +Health Savings Accounts: $10K +Retiree Health Reimbursement: $60K + +Total Net Assets: $970K + +Income: +The last two years we were at approximately $160K gross combined, each around $80K. Before that we spent a few years in the $120-130K range. We (especially he) have worked extra OT during the pandemic, and he did get a promotion and 10% raise last year so we should stay around this mark or higher for the foreseeable future. Net take home pay averages out to around $7500 per month after taxes and deductions. + +Expenses: +We don’t believe in “lifestyle creep” and our expenses have remained as steady as possible as our income has increased. + +Essential Fixed(ish) Expenses: +House (mortgage and utilities which includes phone/TV/internet) $2300. +Groceries and eating out $800. +Car insurance/gas/maint $400. +Total $3500 + +What I’ll deem variable and/or nonessential expenses, like clothing, vacations, home projects and maintenance, nights out, etc typically run us $1500 a month on average. So we are able to bank around $30,000 a year. + +How we got here: +When we married seven years ago, he was pretty well at break even. Not a lot of savings, and some student loan debt which we paid off in just over a year. So I’ll focus mostly on my journey. + +Through high school: +I come from modest means but my parents were able to save a few hundred dollars a year in my name in bank savings accounts and CDs. Remember this was in the 80s and 90s when banks actually paid decent interest on these accounts. By the time I started college, they had saved around $15,000-$20,000 toward my future. + +College years: +I was encouraged to do well in school. Learning came easy for me. I finished second in my graduating class, earning a full, four-year scholarship to a local state university that happened to have a solid program in my major of choice. I was able to live at home, commute to school, and work half-time at a job making a little more than minimum wage. With other scholarships I earned during my college years, my net overall cost of college (books, fees, etc) was just over $800. With the money I saved from my part-time job, I was able to keep and add to my savings. At age 22, my net worth was roughly $30,000. + +My Twenties: +After college, I worked full-time, making around median earnings. I remained at home after college for a few years. My expenses were low — my car, insurance and gas, my phone, and a couple of bills I regularly helped with around the house. My parents always said if I was smart with my money, they wouldn’t charge rent as they wanted to see me save. (Talk about incentive to save!) I was able to save one paycheck or more and spend the other or less each month. I also started saving in my 401k plan as soon as I could at age 21 and made a maximum Roth IRA contribution every year of the decade, minus only two. By the end of my 20s (2009), even with the 2008 crisis still in play, my net worth was around $100,000. + +I had bought my first place at 26 and while very affordable, it was not a profitable venture and I later sold it for about $15,000 less than I bought it for. It was still a very affordable place to live, so I don’t count that too big a loss. + +Early 30s: +This is where it starts getting interesting. By this point my career is starting to develop and I made a move quickly from the low $40s to the low $50s in income, then by 35 into the low $70s. After the “lost decade” of the 2000’s in the stock market, all the money I had invested started to grow. At age 34, I ended the year with $220,000 of net worth. + +Marriage: +In 2014, my husband and I found our house and got married. We hit the house lottery by buying a short sale that needed no work at 15% below market value. It was a long process (4 months) but we had around $30,000 of instant home equity beyond our down payment (purchase price vs appraised value). Long story short, the increase in the market value of our home alone since purchase has raised our net worth by nearly $100,000 over the last seven years. + +Over the last several years, we have continued to get promotions and steadily increase our pay. We each save through our employer’s (we have the same employer) generous retirement plan and overall benefits package. Our company puts in more than we do to our 401k plans. We have benefitted greatly from the increase in the market (as you’ll see below). And we have made saving, home improvement, and debt elimination our priorities. + +In 2019, we decided to review our expenses. We were saving money but thought we could do better. So, we did a little work and went line by line to see where we could improve. In doing so we saved $2,000 a year on home and auto insurance. We saved $500 per year on TV by moving to streaming and have cut our mobile bill from $80 per month with paid-for phones to -$20 per month ($50 savings on switching our service and $50 for a “bring your own device” stipend from work). Lastly, we paid off our cars and refinanced our home to a 10 year mortgage, giving us another $7,000 a year in cash flow. + +All this combined with reduced travel during the pandemic, we have quickly grown our emergency savings to roughly one year of essential expenses. + +Lastly, as I mentioned the market has benefitted us tremendously and nowhere is this more clearly seen than in this net worth progression: + +12/31/2014 $251K +12/31/2015 $299K +12/31/2016 $344K +12/31/2017 $444K +12/31/2018 $424K +12/31/2019 $642K +12/31/2020 $887K + +What’s next?: +It is a time to celebrate but not a time to stop. It is possible that we have enough cash saved to pay off the house by the end of next year, which would be a meaningful accomplishment to us and would free up $1500 per month in expenses. I would love to see us build our intermediate non-retirement savings. We have the emergency fund of one year’s expenses. We have retirement funds of around 12x current annual expenses. We don’t have anything in between. + +So, that’s where my head is as I reflect on this goal and look ahead to the future. Thank you for reading my lengthy post. Wishing you all the best on your own financial journeys! +Hi /r/ethtrader! Thank you for reading this. + +I felt the world of digital currencies is a bit too uncertain, so I want to do what I can to create more confidence and certainty! Please let me know if you have any questions or comments (I'll probably respond to every comment here!) + +> [**Check out our first comprehensive article on the Coinbase / Gemini 1099-K**](https://www.cointaxes.com/1099) + +> **Some "fun" facts you may not know about digital currency taxes** + +Here's two quick "fun" facts you may not know. We will be posting in-depth articles on these, too. [Consider subscribing to our newsletter to hear first when they've been published!](https://cointaxes.us17.list-manage.com/subscribe?u=ffa9bb9a681d0dcb59dcbf2cb&id=06ed9ffdd3) + +* **Non-deductible personal loss:** You should never exchange your digital currency directly for ANY goods or services. If you happen to have a loss on that trade, it will be non-deductable as capital gains losses ONLY apply to "investment" not "personal use" activity. You can read more about this on [Forbes](https://www.forbes.com/sites/greatspeculations/2018/01/03/what-you-should-know-about-taxation-of-cryptocurrencies/#523290821346), [Time](http://time.com/money/5007068/theres-a-huge-hidden-bitcoin-tax-that-you-need-to-know-about/) and the [IRS website](https://www.irs.gov/taxtopics/tc409). + +* **FBAR requirements:** This isn't explicitly tax related, actually, but a LOT of my US friends do not know about this important filing. If you *ever* on a single day, even, held $10,000 USD worth of value overseas (Binance, for example), you must meet your FBAR online filing requirements. The penalties can be severe for failure to disclose. The deadline is April 15, but it will be extended to October 15 if you fail to file on time. You can read more about this on official government sites [General FBAR information](https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-accounts-fbar), [FBAR FAQS (not super helpful IMO)](https://bsaefiling.fincen.treas.gov/docs/FBAR_EFILING_FAQ.pdf) and the [online form itself](https://bsaefiling1.fincen.treas.gov/lc/content/xfaforms/profiles/htmldefault.html). + +> **About Cointaxes** + +Cointaxes was formed and funded with the mission to establish confidence and certainty around cryptocurrency. + +We see global adoption of digital currencies as an inevitability. The uncertainty lies in how effectively and smoothly this once-in-a-lifetime shift occurs. As a tax preparation service, we have a special seat in the cryptocurrency ecosystem directly related to this uncertainty: it is our job to help both citizens and governments around the world understand how to use and treat digital currencies. + +* We will regularly invite regulators, lawyers and tax experts to private discussions and public webinars to ensure you will have a firm understanding with each regulatory shift as the world adopts cryptocurrencies. + +* We will conduct proprietary research and publish Cointaxes Guides to answer questions you may have about using your digital currency. + +* We will provide [high quality cryptocurrency tax preparation software](http://www.cointaxes.com) for individuals and tax professionals. + +> **If our mission excites you** + +* Please know that we are hiring. Contact jobs@cointaxes.com with a resume and cover letter. + +* If you're are regulator or a crypto-experienced legal or tax professional, please contact experts@cointaxes.com with some background information and reason for connecting. + +* Please consider following us on [Twitter](https://twitter.com/cointaxes) and liking our [Facebook page](https://www.facebook.com/cointaxes/)! + +> **Disclaimers** + +Important Disclaimers: This is NOT tax advice and should NOT be relied upon for making any tax decisions. We always recommend speaking to a tax professional before making decisions related to your taxes and our guides are not a substitute for tax advice. While I have assembled and provided this information to the best of its knowledge, I make no representations or warranties as to the accuracy or timeliness of the information contained herein. You can read the [full disclaimers here.](https://www.cointaxes.com/disclaimers) +For the most part, alts are down. Some, however, are up. A handful of recent ones (such as Raiden) are substantially up. + +**At the time of writing:** Raiden is up 3.55x vs USD, 3.27x vs ETH, and 3.18x vs BTC. + +This isn't a "low market cap, low volume" pop either. We're talking about serious volume, serious market cap. (~$117m Market Cap, $5m+ 24 Hour Volume) + +**Context:** I've spent the last 11 years as a technical analyst for a major investment bank. My expertise is on micro cap stocks ($50-$300m market cap). I'll be the first to say... crypto is a new world, many of the old rules do not apply. That said, some of the underlying fundamentals are obvious and **definitely** still apply. The factors behind the Raiden pop is especially obvious. + +**Disclaimer:** This is a purely technical analysis. I have no opinion on the long term view of the project. I am simply analyzing the market fundamentals that contributed to the pop. + +##Here are the primary principles that contributed to the pop, I'll analyze why these occurred below. +* **Large Institutional Holders:** In my view, this is the single most important metric for whether or not a coin is going to pop. (It doesn't matter if the institutions buy in on the ICO or the exchange). Large holders mean that a sizable number of buyers are holding long term, which decreases the amount that is available for sale. It also means that very large buy orders on the exchange make the price rise very quickly, and stay there. They are less likely to sell due to short term news, and they insulate the price floor since they typically place buy orders slightly under market. +* **Post ICO Interest from retail investors:** Will everyday people continue to buy on the exchange after the ICO? + +## So, why did this happen. How can you predict this in upcoming ICO's? + +*(Note, Some of these factors are shortsighted. BUT this is how institutions think. My wall street friends bought into Raiden (and other ICO's) for the factors below* + +**Understanding if Institutional investors will buy:** + +* **Team** - What are the credentials of the team? Did they come from a top university? Have they sold a company before? What is their track record in the space? Are they transparent? Have they raised venture capital before? Can you read press about them online? Have they done speaking gigs? When you're giving someone money, you want to make sure they have their reputation on the line. If the above signals hold true, then it's less likely they'll act foolishly with the funds. + +* **Market Size** - Is this something that, if successful, will have a large market size. Most large scale investors would rather a 5% chance of 100x growth than a 50% chance of 5x. They have a diversified portfolio, so they don't care if they lose. When they win, they want to win big. + +* **Traction** - Does the project have a product? If not, does the project have actual customers lined up? Have those customers publicly spoke on behalf of the product? + +**Understanding if retail investors will buy:** + +* **Idea** - Is this something that resonates with an individual. Is this something people want to exist? No matter who you talk to, people buy stock (and ICO's) that they can resonate with the use case. This is actually one of the most important analysis when determining the number of retail investors a traditional IPO will have. + +* **Protocol Level** - People in Ethereum like to back protocols, not companies. Raiden is working on a protocol level solution for ALL of Ethereum. Unless a project solves a protocol level solution for the real world. This is about as big as it gets. More retail investors = more word of mouth spreading after ICO, more holders, faster price rise. + +* **Exchange Demand** - Are people saying they'll wait to "buy on the exchange?" This actually gives a tipping point to larger caps. Many people think caps over "$10m" just "won't fill". Some don't. Some do. But the larger cap ICO's have tons of people "waiting to buy when it hits the exchange. If you can find a large cap that WILL fill, you've found a goldmine. + +* **Presale** - In the wake of Salt and other ICO's that sold too much during presale, did the ICO have a presale? If it did, fine, but are those investors locked up? Is the amount raised presale disclosed prior the public sale? What was the discount? Is it small? Were the investors limited to value added investors only? If, and only if, ALL of these things are true, presales are fine. If any of them are not true, be weary of the project. + +**Here's things that matter, but matter less than the above:** + +* **Small Cap** - I know this is a highly highly contentious point. These days, everyone want's small caps. People want small caps so they'll "pop" on exchanges. Unfortunately, we are past this. If you go look at the ICO's that have performed the best since ICO, many of them DID NOT hit their cap. (Example: District0x. Raised only 20% of their $50m, cap, up 2x since ICO) +* **Macro Market** - Right now, alts are down. The market doesn't like ICO's... But look at Raiden, it's one of the biggest pops, and it's not a great time for ICO's. + +## So, who is next? Why? + +* **[Blockstack](https://blockstack.org/):** Going through CoinList, VC's have already invested. Tons of funds already in. Big vision. Large number of long term holders. Solid founders. **ICO:** Tomorrow +* **[Bloom](http://hellobloom.io):** Founders raised VC before. Founders are: Stanford, Thiel fellows, YC. Equifax hack. Actual tech. Joey Krug is advising. Accepting US means easy to fill cap. Global appeal. Community Whitelist. **ICO:** November 30th +* **[Props](https://propsproject.com):** YouNow has a ton of institutions backing them. Great set of advisors. Product has a ton of mainstream appeal. Gets support of a big company. **ICO:** November 20th +* **[Orchid](https://orchidprotocol.com/):** A16Z and DFJ backing, Huge space. Big mainstream appeal. Polychain, Metastable. Raised $4.7m already. **ICO:** TBD + +**Tl;dr:** Look for an ICO that will have institutions buying in. You can generally tell if the founders map the stereotypical founder than investor in Silicon Valley/Wall Street would want to back. Look for ICO's that solve protocol level solutions. Look for ICO's that are transparent. Be very skeptical of the presale. Focus more on the idea/team, less on the cap. + +*Edit 1: Disclaimer:* Raiden is the first (and only) ICO I have invested in to date. I am a very large holder for the reasons listed above. I do not have an opinion either way on if it will continue to rise. I am also well aware that some of the advice in this post goes against the "standard" crypto advice that's been circulating in this thread. I still stand behind everything above. + +*Edit 2: Added my suggestions since people keep asking for them* +I'm not even sure if inflated is the right term to use here so I'll try to explain. + +1 USD is around 100 Japanese yen or 1000 Korean Won currently, but why is this the case? + +Are the "inflated" numbers of the latter two due to post-war inflation? + +Why haven't the values "equalized" since then, now that they are much stronger economies. +The market at ATH deserves a separate thread. I was sitting on a decent chunk of cash in the hope market will crash. I have 5-6L sitting on a savings account. I am aware time in the market beats timing and that's why I continued my SIPs but need to park savings account money somewhere. What are you guys doing? +Cohen just pulled off one of the most amazing plays of this whole saga. Basically, he’s telling retail that it’s on retail for how long to hold during squeeze, that they won’t partake in the squeeze and none of those 3.5 million shares will be available later for shorts to cover. They did this by using their enemies as allies, sneaking shares into the market and making everyone think, including the various shorting entities, that it was shorting keeping the sp down, that the short strategy was working. Shorts weren’t covering during that time, they’ve proven they’ll fight to the bitter end, which means most of those shares went to retail or longs at a discount. Now gme is cocked and locked to go out there and make a huge acquisition, or can also use that money to buy up shares if sp dips too low from short attacks (filing recently came out about their right to purchase shares from time to time as they see fit) or can offer a dividend if it comes to it. They have $ options, all of them terrifying to shorts, and they barely diluted the float. What a play! +Hey all. Had a letter from our estate agents this morning about a rent increase from £1100 to £1500 per month starting 1st September. It's just me and my mum here, dad passed in 2019. We both work full time and just about get by. This instant £400 kick to the shins will hurt a lot. I'm assuming there's fuck all we can do but i'm posting here anyway. Is that just it now or is there anything that can be done? This country man, fucking hell. +https://www.thestreet.com/mishtalk/economics/the-fed-now-owns-nearly-one-third-of-all-us-mortgages + +Key points from the article: + +* The Fed has snapped up $1 trillion of mortgage bonds since March. It bought around $300 billion of the bonds in each of March and April, and since then has been buying about $100 billion a month. +* The Fed now owns almost a third of bonds backed by home loans in the U.S. +* Buying the securities has pushed mortgage rates lower, with the average 30-year rate falling to 2.91% as of last week from 3.3% in early February. +* Morgan Stanley analysts pointed out in late March that the buying was running at eight times the pace seen in prior episodes of Fed purchasing under programs known as quantitative easing. +* Just before this latest round, principal payments from its mortgage bond holdings had whittled that down to 21%, but it has now increased back to 30%. +* If the Fed maintains its current buying pace, it will again own 34% of the mortgage universe by year’s end. +To whom it may concern, + +The following represents a summarized narrative from my works cited below. I write out of concern for the continuity of our financial system. Most importantly, to illustrate the injustice that it allows. + +* Hedge funds and offshore entities are *NOT* required to disclose most of their financial information- including short positions +* Citadel Securities is a market-maker for Citadel Advisors (hedge fund). They are considered a significant player within their environment. Citadel Securities has registered with the SEC and FINRA since 2002 +* Investors rely on the SEC and FINRA to make sure these entities are not adversely affecting our markets, which are heavily regulated +* However, since 2006, FINRA has caught Citadel Securities breaking the rules in 60 separate events. Here are the facts: + * There is an event for almost every year since 2006 + * Several violations span multiple years, with just **1** written violation + * The phrase ***"without admitting or denying"*** **appears 123 times** on a [182 page PDF](https://files.brokercheck.finra.org/firm/firm_116797.pdf) + * The phrase ***"failed to"*** **appears 218 times**. Here are 4: + * FAILED TO ESTABLISH AND MAINTAIN SUPERVISORY SYSTEMS TO ACHIEVE COMPLIANCE + * FAILED TO IDENTIFY A SHORT SALE INDICATOR + * FAILIED TO DISPLAY CERTAIN OTC CUSTOMER ORDERS + * FAILED TO CLOSE OUT A FAIL TO DELIEVER + * The word ***"prevent"*** **appears 102 times.** Mostly in statements such as: + * PREVENT THE EXECUTION OR DISPLAY OF SHORT SALE ORDERS + * NO SUPERVISORY PROCEDURES TO PREVENT THE ENTRY OF ERRONEOUS ORDERS + * RISK CONTROLS FAILED TO DETECT AND PREVENT + * On March 25th, 2021 CITADEL RECEIVED A NEW CITATION FOR: + * "unintentionally" reporting internal transfers as normal securities transactions. This constituted 14% of all reported transactions + +It is apparent that the disciplinary actions- often a small fee- are not adequate to prevent this type of behavior. Furthermore, they have become a cost of doing business as is apparent through the company's indifference in admitting or denying the action. + +As a citizen of the United States and direct participant within the US stock market, I demand the SEC explain *WHY* these actions are being tolerated. + +**For those of you who feel the same, please attest by signing your Reddit username in the comment section below** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I give the reader of this document my express permission to redistribute as they see fit. + +*Works cited: Under the security of my 1st amendment rights,* *I will not* *change the syntax of my work because my emotions are baked within their message.* + +1. [Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) +2. [The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) +3. [Walkin' Like A Duck](https://www.reddit.com/r/Superstonk/comments/ml48ov/walkin_like_a_duck_talkin_like_a_duck/) +Edit 4: And this is MY routine. Shout outs to MODS / DDs and their time! + +Edit 3: made it to 10k total karma thanks apes! As one of the comments from youareenough said, we're here chit chatting and hanging out without talking about shills and old drama. Relaxing and waiting for liftoff. That's how it should be. + +Edit 2: my mistake, gen z, y, x and global apes in the building too! And some boomers (the good kind that don't live the old ways) + +Edit: My routine + +-Wake up around 645-7 + +-Check GME on Google + +-open reddit, algo knows rensole should be up top + +-30 min to read rensole and any other relevant posts before kids wake up. + +-9 to 4 I go dark so I can concentrate on work. Check price every couple hours. + +-5 to 9 sneak in what posts I can read after picking up kids. + +-9 to 11, like my other post, make sure I don't have any gme posts without an upvote (flag) so I know I read it. + +-rinse and repeat, last 60 days of my life. + +-weekends relax more. + + +Missed the dip, was working 😭, got in more at 184. We almost there apes, I can taste it. Don't even need to say hodl at this point. +Just seems to be a lot of high salary earners on here interested in what your careers are? I am making a terrible wage and I’m 30 and wish I could get out of hole that I am in currently. Just want a career change and some stability in my life I currently work in the healthcare sector in the UK which is badly underpaid and undervalued. +I purchased my first home this year and it is a duplex. I have grew to hate the house and the stress of being a landlord. The house is 100 years old and it just not my style. I put a 15 percent down payment and have already done about 6k in repairs. I think and stress about this house 24/7 and want to desperately move on with my life being that I just turned 25. Am I being realistic here? Should I wait a couple more years? + +Purchased at 205k + +15 percent down payment + +1 side rented at $900 +So in the US they talk a lot about saving for retirement (roth ira and 401k) but should I buy some sort of private retirement insurance if the government (Austria) already provides one? Currently I plan to invest everything in ETFs but maybe there's something better with less taxes that i should do? +So in the US they talk a lot about saving for retirement (roth ira and 401k) but should I buy some sort of private retirement insurance if the government (Austria) already provides one? Currently I plan to invest everything in ETFs but maybe there's something better with less taxes that i should do? +I’m not a financial advisor and my dad has tasked me to handle his 50k.. he’s 56. I was thinking put it into AT&T at 50k/24 = 2083 shares. + +2083*.53 = $1103 every 3 months. He would be happy with that about $367 a month. Of course there’s some taxes. + + +What are some other suggestions to handle his 50k? + +(Also he doesn’t want to talk to a financial advisor, he doesn’t trust them, very arrogant) + +Edit : + +Thanks everyone! Going to set him up with a vanguard professional advisor service account. It’s 50k min. I forgot about the dividend cut in half from the discovery deal. I wonder what ETFs they will buy him +I have managed to flip $100 account from Monday until a few hours ago. But it only took 1 trade to wipe me out. + +And the only reason? + +GREED. + +LESSON LEARNED THE HARD WAY. + +HAPPY TRADING EVERYONE! ☺️ + +P.S. + +It hurts but I know if I can do it once, I can do it again. +** BASED ON INFO I HAVE RECEIVED ** 💎🔝 + +I thought that I would give everyone a little more back of the envelope analysis (as I had done a few weeks ago) based on what the CEO said in an interview last week. He said that they are producing between 7-10 buses per week (yes per week). If you just take the average that equates to 8.5 buses per week. If you annualize this number it would be 442 per year x $275,000 (the approximate cost per bus). Multiply 442 x $275,000 = $122,550,000 in annual revenue. If you then take a 10x multiple on revenue to arrive at a future market cap, then BUS's projected market cap should/could be $1.22 billion. This market cap equates to $14 (USD) per share. Keep in mind that these 442 buses are far less than their stated runway of producing 1,000 buses per year (and up to 3,000 including contract manufacturing partners) which they state in their investor presentation...so the 442 figure is a conservative number. If we get any news soon about any their new sales contracts or marketing initiatives or sales partnerships or electric bus rollouts related to the US market, then you can pretty much count on a share price near $14 (USD) within a year. In short, BUS is a EV company and has an ELECTRIC bus (where they partnered with BMW and Hofer Germany to develop), has orders for it already and will be delivering their first electric buses at the beginning of this year. Think about it...if they are averaging 8.5 buses per week right now just think what the average will be once their electric bus orders start rolling in to a greater degree. These are early days for their EV bus sales and growth which is why I am so excited about finding this hidden gem at such an early stage. I might add that I didn't include the facts that 1) BUS will be listing on the NASDAQ in a few months 2) offers a cheaper mid-sized bus where they have carved out a unique "niche"...some cities, universities etc. will prefer a mid-sized bus at a cheaper cost 3) they are building a US factory and HQ in the state of Washington (which they are partnering with Hinduja Tech to build...a great company by the way), have already raised the funds back in November through a private placement for this new manufacturing plant and are "Altoona Tested and Buy America Compliant" which will be significant as they grow their sales in the US. Again, the complete story has the arrow pointing up...way up. + +Hope this is helpful to everyone. Video out today. + +[Grande West Transportation - BUSXF](https://youtu.be/Tk1IYjfXytM) +I've started to look at REITs more, as it's something I haven't really paid that much attention to. + +So far I have small positions in SAFE (Safestore Holdings on LSE), and PSA. + +I've kept my eye on Realty Income for a while, but it's quite high, shall I wait for a pullback around the $60 mark before buying in? +Just found out that my FT account allows me to grant access to articles to non FT subscribers. I only get to do 10 a month by the look of things, but if anyone wants to read a particular article, let me know. +This post is going to be all over the place, but I am looking for financial/life advice from you guys who are presumably older and wiser than me. I figured this is a good subreddit to ask about what to do with a large inheritance. My grandfather is going to pass away soon and I am in a position to receive anywhere from $1.5 to $2 million. I recognize this as a financial blessing and a massive responsibility. Anyways, I am currently an underclassman enrolled in a T20 U.S. university and consider myself to be a fairly competent individual. + +I, obviously, have a whole life ahead of me, and I want to grow my net worth into 8 digits before 35. It is definitely easy to lose money quickly after a sudden windfall (e.g. lotto winners), so I am looking to formulate a long term strategy grow my grandfather's legacy. I have a few questions for you guys: + +1) If you were in my position with the knowledge you have now what would you do? + +2) What sort of majors should I consider going into? Right now, I am thinking economics and computer science; however, I have been told a few times that "undergrad isn't that important". Would it be wise to join the workforce for a few years prior to going to grad school? + +3) Investment advice? I know real estate isn't super popular here, but it seems that I would have a jumpstart on a real estate journey. Otherwise, I am thinking of investing in some Vanguard funds and a much smaller percentage on some stock picks. + **Should I increase my 401K contribution while the market is down? I am not sure if the "buy low, sell high" principle applies to 401K retirement plans. I am 60 and just lost most of my 401K in a divorce.** +I'm 30yo on track for CoastFIRE, have a house and don't "need" anything. I just want to make sure I'm not depriving myself of some things that would make life better. Here's a few things that I'm considering spending money on: + + +Build a private deck facing my yard: \~$5k + +Build an extension to my living room: \~$10-20k + +A heated outdoor shed for my home gym (with solar panel) \~$3-5k + + +I don't "need" these things, but I feel like they would make me more happy over the long run. They would probably also increase my home value. I'm planning on having kids soon too, so if there's something you bought / built for your kids that was worth it I'd love to hear about it. +Edit 4: And this is MY routine. Shout outs to MODS / DDs and their time! + +Edit 3: made it to 10k total karma thanks apes! As one of the comments from youareenough said, we're here chit chatting and hanging out without talking about shills and old drama. Relaxing and waiting for liftoff. That's how it should be. + +Edit 2: my mistake, gen z, y, x and global apes in the building too! And some boomers (the good kind that don't live the old ways) + +Edit: My routine + +-Wake up around 645-7 + +-Check GME on Google + +-open reddit, algo knows rensole should be up top + +-30 min to read rensole and any other relevant posts before kids wake up. + +-9 to 4 I go dark so I can concentrate on work. Check price every couple hours. + +-5 to 9 sneak in what posts I can read after picking up kids. + +-9 to 11, like my other post, make sure I don't have any gme posts without an upvote (flag) so I know I read it. + +-rinse and repeat, last 60 days of my life. + +-weekends relax more. + + +Missed the dip, was working 😭, got in more at 184. We almost there apes, I can taste it. Don't even need to say hodl at this point. +Edit 4: And this is MY routine. Shout outs to MODS / DDs and their time! + +Edit 3: made it to 10k total karma thanks apes! As one of the comments from youareenough said, we're here chit chatting and hanging out without talking about shills and old drama. Relaxing and waiting for liftoff. That's how it should be. + +Edit 2: my mistake, gen z, y, x and global apes in the building too! And some boomers (the good kind that don't live the old ways) + +Edit: My routine + +-Wake up around 645-7 + +-Check GME on Google + +-open reddit, algo knows rensole should be up top + +-30 min to read rensole and any other relevant posts before kids wake up. + +-9 to 4 I go dark so I can concentrate on work. Check price every couple hours. + +-5 to 9 sneak in what posts I can read after picking up kids. + +-9 to 11, like my other post, make sure I don't have any gme posts without an upvote (flag) so I know I read it. + +-rinse and repeat, last 60 days of my life. + +-weekends relax more. + + +Missed the dip, was working 😭, got in more at 184. We almost there apes, I can taste it. Don't even need to say hodl at this point. +https://i.redd.it/kukifiwqgpf61.png + +That's probably what caused our early spike to the $95 before shorts panicked. Right now it's a fight between puts and calls at strike 60 to stay in the money. [Max Pain Theory](https://www.investopedia.com/terms/m/maxpain.asp) says the longs and shorts will fight over their strikes with the highest volume as expiration approaches, ultimately making the the maximum number of calls expire OTM. + +But there are 89,000 call options expiring friday from $60-$120 that MMs will have to hedge as the price increase. Shorts are going to do anything they can to keep it down below that to save themselves. + +There are another 60,000 puts that are expiring today that market makers will have to unhedge as the price rises, also contributing to a gamma squeeze. + +There are another 90k calls from $120 to $800 that are almost completely unhedged, but I'm also not expecting us to pump all the way up to the 800s to squeeze those so i've excluded them from the main numbers. + +These are personal opinions/my guesses and not investment advice. I've also got so much GME that I can't do anything but stare at this stupid chart all day. + + +**TL;DR:** In total that's 15,000,000 million shares they'd have to buy today of which they've only hedged about 3 million so far (rough estimate based on eyeballing the delta). That's a whole lot of squeeze if we can find the juice. + +***Next day edit:*** You can see from the price action and high volume 10 minutes before close that bulls were trying to drive the price as high as they can while shorts were trying to keep it below $60. At $64 bulls had a small win leaving all the 60p to expire worthless. I'm slightly bullish coming into next week, but looking to see when it closes above the 4 day SMA to really say momentum is returning. + +*Edit for the requested rocket ships 🚀🚀🚀🚀🚀🚀🚀🚀 +I mean, if I put my this addres to any of my bank account, W2, tax return, driver license, utilities under my name, name a few. But I actually live in another town across the city, how can they find out? + +Add: I see the answer. Thank you very much everyone. I think this might be too late, but what if I live there every other days or half of the week. Would this be ok? +Lets destroy these HFs so that all future HFs don't fuck with retail investors or manipulate the free market ever again. + +HOLDING TO THE MOON! +🚀🌑 + +10 000 000$ is the FLOOR!!! 💎🙌 +I'm finally out of poverty after years of hard work. I'm in the works of starting a new job that pays significantly better than any job I've had in the past and I want to know what I can do to set myself up for success in the future. I'll be making about $56K a year. What should I do to invest in my future security so I can avoid poverty and homelessness forever? +First and foremost I would like to thank [u/Naughty\_Funkle\_1992](https://www.reddit.com/user/Naughty_Funkle_1992/) & [u/089jonas](https://www.reddit.com/user/089jonas/) for their posts listed below: + +&#x200B; + +[https://www.reddit.com/r/Superstonk/comments/yjexhh/big\_numbers\_leaked\_arechegos\_basket\_swaps/](https://www.reddit.com/r/Superstonk/comments/yjexhh/big_numbers_leaked_arechegos_basket_swaps/) + +[https://www.reddit.com/r/Superstonk/comments/yi9b27/found\_this\_in\_a\_whistleblower\_document\_attached/](https://www.reddit.com/r/Superstonk/comments/yi9b27/found_this_in_a_whistleblower_document_attached/) + +&#x200B; + +I decided to dive into the data that was listed in the lawsuit/comments, and boy of boy. It lists quite the information. I am also making the data public for everyone to see, and it can be found here: + +&#x200B; + +EDIT: WARNING!!! It has come to my attention that clicking on a Google dock can be tracked back to your google account if you are signed in (potentially doxing you). Click the next link at your own risk. + +EDIT 2: I edited the link to be a published link. It appears to be safer, but it can't be copied. I will gladly send anyone the link to the google sheets upon request (in case they want to copy the data) + +[https://docs.google.com/spreadsheets/d/e/2PACX-1vQRPJHxuuUxDt3cq7jtaKq3vTOtzYibSrBMfNsQ\_OSyo6sZNC9ILR4oc5HITi9nQj9supfF4oHQBa1G/pubhtml](https://docs.google.com/spreadsheets/d/e/2PACX-1vQRPJHxuuUxDt3cq7jtaKq3vTOtzYibSrBMfNsQ_OSyo6sZNC9ILR4oc5HITi9nQj9supfF4oHQBa1G/pubhtml) + +&#x200B; + +Disclaimer: I am highly regarded, and I believe blue crayons taste the best, so take this as you want it. + +&#x200B; + +Alright, Let's go. + +&#x200B; + +I first input all the data form the two posts listed above into an Excel workbook. As an accountant, I thought it would be best to reconcile the two together to find any discrepancies between the numbers. The first thing I noticed is the Nominal value of the swaps did not add up perfectly between the two posts. However, since the post that has all they day by [u/Naughty\_Funkle\_1992](https://www.reddit.com/user/Naughty_Funkle_1992/) had the Swaps broken down by Swap Counterparty and by the baskets, I decided to lean on that data a little more. For full disclosure the difference in the total Nominal value between the two posts was/is $525M (or about 1%), so both data sets are good enough to work with. + +&#x200B; + +Findings: + +* We now know that Archegos liked bullet swaps, as bullet swaps are entered into at current value and "in which the notional value is constant throughout the life of the swap. In this type of swap no regular cash flows take place... Instead, parties to the swap agree to make a single payment at maturity date." +* The notional value of the basket swaps (only) Archego entered into between 11/02/202 and 03/23/2020 was between $32.9B & $33.4B +* There were six swap counterparites (SC) to the basket swaps with the following notional values + * SC1 - $7.1B + * SC3 - $4.4B + * SC4 - $2.2B + * SC5 - $10.4B + * SC6 - $9.0B + * SC8 - $0.2B + * Total - $33.4B +* There were nine total baskets swaps with the six counterparties: + * SC1 Basket 1 - $7.1B + * SC3 Basket 1 - $0.7B + * SC3 Basket 2 - $3.7B + * SC4 Basket 1 - $2.2B + * SC5 Basket 1 - $1.0B + * SC5 Basket 2 - $9.4B + * SC6 Basket 1 - $0.7B + * SC6 Basket 2 - $8.3B + * SC8 Basket 1 - $0.2B + * Total - $33.4B + +Next, I used hypotheticals to extract potential based on percentages of the swaps. For instance, I used scenarios where GME comprised 25%, 50%, 75%, and 100% of the total swaps to obtain the possible amount total shares that were apart of the Nominal short. In order to do that, I used the closing price of each day that the swaps were entered into to obtain the possible number of shares in each swap for each day. You can see that in column I-L in my google sheet file (link near top of post). Doing that I was able to obtain the following hypotheticals: + +&#x200B; + +[Table 1](https://preview.redd.it/66idqus9glx91.png?width=422&format=png&auto=webp&s=d53e6f4d7808779a5e545b2a0054097f21e73ce8) + +Remember this is a hypothetical. There could have been ten to twenty stocks in those swaps, so let's try to find more reasonable numbers: + +&#x200B; + +[Table 2](https://preview.redd.it/vbx5f9meglx91.png?width=422&format=png&auto=webp&s=ec5c2ac9e29988b10a9032337480753e19f13d94) + +These appear somewhat more realistic, but again, we don't know what we don't know, and what we don't know is what comprised of those swaps. These are just hypothetical based on the data that we currently have. + +&#x200B; + +We can dive deeper though. We know that there are several counterparties to the swaps (at least six for these basket swaps), and we also know that these numbers only refer to Archegos. They do not contain the data for our friendly-neighborhood criminal Kenneth Griffin (who lied under oath to Congress, everyone) and Citadel, Virtu, State Street, etc. But what we do know is Credit Suisse seems to be on the hook for a lot of these swaps, so I'm assuming they are SC5 and/or SC6 from above. + +&#x200B; + +Diving deeper, we can extract the current nominal value of the swaps based on today's closing price. We can do that by taking the share count from above and multiplying by today's closing price of $26.64. + +&#x200B; + +[Nominal value of swaps](https://preview.redd.it/2ttq5hdkhlx91.png?width=450&format=png&auto=webp&s=78818c987012bfd1f5450698ad3e11ea9b983582) + +Let's have some fun and see the bigger percentages of the swaps. I give you: + +&#x200B; + +[Nominal value of higher hypothetical percentages](https://preview.redd.it/tf0mde6thlx91.png?width=450&format=png&auto=webp&s=a0eda7346a12a71f9cd520ea2d21499a6900b9a5) + +So if all the basket swaps (which probably vary from basket to basket by the way) all had 5% of GME, the nominal value today is $3.5B, but if they had 25% that nominal value would be $17B. It may not sound like a huge number in the grand scheme of things, but remember that retail has locked up $2.35B (as of today's closing price of $26.64 (which would be $3B if the price was closer to $34)). Also, this number is actually really high when considering that GME's market cap is only $8.1B today. + +&#x200B; + +Furthermore, this is only Archegos's swaps and doesn't include any data into swaps by Citadel, Virtu, State Street, etc., and Archegos is a drop in the bucket compared to how big those firms are. So even if Archegos was their size and they all were fairly equally short and if we only use the 5% from above and multiply it by 4 to include the three other firms just mentioned.... drum roll.... $14B minimal in swaps holding GME (almost twice the current market cap). + +&#x200B; + +Conclusion: There is definitely more data that can be extracted from what I have put together, but I only did what I could in a short amount of time, as I'm supposed to be working; however, I thought it was important to point out some data that I put together and share it with everyone. I also believe that this post right here is why the CFTC won't release swap data and isn't making anyone report swaps until 2025. It's because there are apes out there like me that love data and can decipher it down very quickly and methodically. + +&#x200B; + +In short, GME is definitely going to moon, and short r fuk, hedgies r fuk, and we moon soon. + +&#x200B; + +Power to the Players + +LFG! + +&#x200B; + +Cheers. +During 16th -19th century when Mercantilism dominated, a state wants to minimize imports and maximize exports. If all countries were Mercantilist, there would be nobody to buy these exports. How did this work? +Announcement of Uber Eats acquisition: [https://www.zomato.com/blog/uber-eats-india](https://www.zomato.com/blog/uber-eats-india) + +The only reliable one left now is Swiggy, yes there's FoodPanda but the number of restaurants in it are lower compared to the rest. +Welcome to the Daily General 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 meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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. + +*** + +Thank you in advance for your participation. Enjoy! + +When I started buying at $29 in February, I was thinking we'd maybe hit $100 - $150 by the end of the year. Not $1000+ in less than 12 months. This is pretty much the best investment I have ever made in my life. Hope the price crashes back down to $300 so I can buy more easily. +I have been wanting to invest for a while and finally feel that I am confident enough to start. + +I originally wanted to start out with FTSE 100 and S&P 500 ETF's and then grow outwards from there when I get more confident. However, I am looking for your guy's opinion on whether or not to wait til after brexit to invest. + +So would it be worth investing in US/EU based ETF's to begin with, and then invest post-brexit when people are panic selling? + +I am new to the investing game, so any advice you guys can give me will be appreciated! +Hi all + +Wanted to gather your thoughts on the back of the news that Deliveroo are set to go public valued a £7.6bn. There are mixed reviews about whether it’s worth investing in and the accuracy of the valuation. + +I read an interesting article here https://www.standard.co.uk/business/markets/deliveroo-float-should-buy-shares-london-biggest-ipo-b925542.html + +I personally think it would be a good investment as this a growing industry and will only get bigger, but interested to hear your thoughts. + +Cheers +[https://reason.com/2021/10/12/new-york-city-considers-requiring-landlords-to-provide-free-internet-to-tenants/#comments](https://reason.com/2021/10/12/new-york-city-considers-requiring-landlords-to-provide-free-internet-to-tenants/#comments) + +The war on landlords continues...I wonder if any of these people who write these laws were ever actual business owners. Do they just think every landlord is swimming in cash? +In short - It's completely broken currently.I placed a buy order for AMD / AMZN / GOOG yesterday night - around 20 minutes before the market close (0110AM IST). The order is still stuck in Queue (Next day, 630PM IST). The worst part is, even the cancellation is completely broken currently. It shows me a notification saying that the order has been canceled, and yet it stays forever in the "Queued" mode.They currently don't have a working Limit Buy feature as well. So it's probably going to be executed when the market opens today (In case it even gets executed).Raised multiple support tickets yesterday itself but haven't received any response so far.I have used Vested in the past which also uses DriveWealth APIs and it works quite well. Expected IW to be better but apparently it's not reliable at all!tl;dr - Don't use INDMoney / INDWealth - You have been warned. + +&#x200B; + +Update - Previous issue persists. I tried buying some stocks (roughly $X) - Had around $10\*X in my funds. Order went through, but suddenly the entire Funds went up in the air. Currently, the balance is shown as $0 - this is a highly unstable platform. + +Update 2 - The team got in touch with me and assured the fund would reflect in my account by today evening. Will update this once that's done. + +Update 3 - It didn't get updated in the evening, they got in touch with me and finally it got updated. It seems to work fine now. (Thanks to /u/nikhilbehl) +As I understand, the interest on EMI is tax-free, so instead of 9% annual interest, I would effectively pay 6%. But isn't be wiser just to pay off so I can save this 6%, without worrying to invest the loan amount to beat this returns elsewhere? For instance, FD might fetch me 8% but post tax it is much lower. Mutual funds carry enormous risk and I already have a balanced portfolio. Thank you. +https://www.dividendchannel.com/drip-returns-calculator/ + + + +Put in your stock, put a good time horizon such as 10/15 years, click "compare with s&p500', look at the top graph of "With dividends reinvested." + +If your chosen dividend stock outperforms or is at least somewhat competitive with s&p500, then you can ignore the rest and keep browsing. + + +BUT if the blue s&p500 line rockets over your chosen stock line and never comes back to orbit, then it's better to just invest in the s&p500 than your chosen stock. + +"but chillstep, I think that my multi-decade flat line/decreasing dividend stock has a better future than FAANG" + +Good luck with that my friend, and in 10 years from now, that gap would have just gotten bigger. Dividends absolutely play a good part in a balanced portfolio and compound interest is great, but you can't outrun basic math. + +edit: Let me clarify that I am absolutely not against divvy stocks. Divvy stocks can be great based on their total rate of return. What I am talking about is if I plug your particular divvy stock into the calculator, and I see the blue spy line go up and up and up, and your divvy stock just gets demolished in comparison to spy, then there isn't much of a point in investing that in particular stock compared to other better dividend stocks or just buying the sp500. +I am not saying I am against the idea of a 70% tax rate on the super rich, but if I had that sort of disposable income and had the ability to pick up and go to a country where I could keep that money, I would. If they did that, would it not hurt the overall economy now that these large earners are spending their money elsewhere? Thanks, guys. +It’s just sitting there with the 2nd floor windows open. Hasn’t been touched since the 80’s or 90’s when they merged and moved everything out and you can see the paint peeling off the walls inside. Very desolate but decent shape at least on the outside. + +I think they have (or had) server storage in the basement last I heard, but no one works there or uses it for anything. A guy probably stops in like once every 3 months to check they’re still running or something. + +It’s not listed for sale, just wasting away. + +TLDR: How would I go about getting in touch with them? For example it would be if Verizon owned it. Obviously someone at corporate is paying the taxes. Who or what dept handles that sort of thing? + +I looked on the GIS map but it just lists a corporate address & a PO box which is just their giant 50 story corporate tower. + +Have any of you had experience with pulling something like this off? +Just wondering logistically how that worked, let's say Bob had bought 1 contract thinking he would get rich and profit $37,000. Who exactly pays him? Does he get paid when he turns up and shows the WTI officer the contract? Does he get paid by the brokerage firm her purchased the contract from? Does he get paid after he has loaded all 1000 barrels onto his oil tankers? +Asking to people that have been doing this for at least a few years. + +Ive been studying hard for a year now, using mostly replay p to backtest and only occasionally entering the market with scalping strategies just to get a feel of the market. But I wonder if trading will really be for me when I'll check the charts everyday and have to follow my trades, wait for alerts etc. I chose trading because I like finance and the markets and I like the idea of trading, but also to have more free time. I wonder if instead it can become a very time consuming practice that will keep me at home more than I desire. Plus the stress, even if actually I seem quite fine with losing knowing the profits will be bigger. + +Is it very time consuming? Do you get to actually enjoy more time of your days? Is it a boring profession? Pros cons, advice? +“Hedge funds, investment bankers and other institutional investors are desperate to find the next GameStop -- before it's too late. +That's why Thinknum Alternative Data quickly built and launched a tool that provides its hedge fund and investment bank clients a ranking of the most-mentioned stocks on WallStreetBets as well as the Stocks subreddit.” + +They’re using our (buy blockbuster $BLIAQ) own tactics against us(buy blockbuster $BLIAQ). They see the (buy blockbuster $BLIAQ) potential in WSB and see our influence (buy blockbuster $BLIAQ) and now want to use it to their advantage (buy blockbuster $BLIAQ). After their decades of (buy blockbuster $BLIAQ) market manipulation, they’ve now come here looking for (buy blockbuster $BLIAQ) the next people to screw over! (Buy blockbuster $BLIAQ) + +Remember, do your own DD (buy blockbuster $BLIAQ) and do not invest more than you can stand to lose (buy blockbuster $BLIAQ). + +Oh and also... GME HOLD 💎✊ (buy blockbuster $BLIAQ) + +Source: https://edition.cnn.com/2021/02/03/investing/wall-street-reddit-hedge-funds/index.html +It's okay to question his motives and what not, but will you guys stop tagging him and telling him to DRS his shit? An hour ago, some of you were crying that he bought TWTR and not GME--after **two whole days** in this sub. Lmao. Now, I see a barrage of comments begging him to DRS. Honestly, guys... Piss off and let the guy make his moves. + +He will figure it out. Get your purple weiners out of his face. + +It's okay if he only buys a few shares. It's okay if he invests in other companies. It's okay if he doesn't DRS. Pulte is Pulte. It's his money, not yours. Please shut up. Lol. I say that with love. + +Let's not be like the desperate popcorn apes begging this guy to buy GayMC. Chill out. Be zen. Pulte is a true ape. He will do his own research and come to his own conclusions. + + 🍄 +Hey sometimes people wonder why wouldn't you want to work. + +Because several times a day you are reminded you hate your life because of your job with the pain, exhaustion you can never escape. Drudging through menial tasks five days a week with no end in sight makes you feel trapped and want to escape. + +I have been coping by thinking this job will be an opportunity to make a quick buck before I get fired but it looks like I won't get fired any time soon. Also eat junk food, drink alcohol and sit at my computer to numb myself after work. + +An especially bad day I had involved working through heatstroke in a safety suit with confusion, agitation and my expectation that I keep working though it made me feel angry. Why am I putting myself through this. I just save the money with no need for it. I don't think I could start a family feeling exhausted, in pain and angry all the time. + +This fortnight I will be cut off from Centrelink payments and if I am fired I will have a liquid asset waiting period costing about $5,000 (because I won't get payment for 13 weeks) and the boss says he needs me to continue production. Job security feels like an obligation that makes me angry. + +Working feels self destructive so I am reaching out for solutions. + +\--- + +How do you cope with the Australian dream of hating your life working a job you feel trapped in? +With budgets being squeezed we looked at possibly giving up our local butcher for our monthly/2 monthly shop and instead using the supermarket to save money. + +We use the butcher since the quality is many times better, they’re friendly, and deliver for free whenever we order. I can’t stand cheap meat full of gristle and nearly gave it up completely until we found our local butcher during the lockdowns. + +After doing some sleuthing on Reddit, many people believe the butcher is at least twice the cost of the supermarket, which I couldn’t quite believe since how do they even survive? I decided to compare our latest order of raw meats to that of the most popular supermarket to see the difference in pricing against an equivalent product and the cheapest that I could see. You may be able to find cheaper in store, shopping around, or reaching into the depths of the frozen food aisle. + +Now, I’m hardly Martin Lewis and so this isn’t scientific in the slightest, just working out from the website as if I was going to place an order for delivery. Issues immediately arose in the pack sizes, particularly with bacon, which you can see below. + +**Diced Beef Shin - 1.5KG - £12.12** + +* Cheapest: £11.25 +* [Frozen Casserole beef 500g £3.75 (£7.50 KG)](https://www.tesco.com/groceries/en-GB/products/260067183) + +* Equivalent: £15 +* [Finest Diced Beef 400g £5 (£12.50kg)](https://www.tesco.com/groceries/en-GB/products/285104502) + +*Tesco don’t sell beef shin, so I’ve used their standard diced beef.* + + + +**Diced Lamb - 1.5KG - £23.30** + +* Cheapest: £17.50 +* [Diced Lamb Shoulder 300g - £3.50 (11.67kg)](https://www.tesco.com/groceries/en-GB/products/304410983) + +* Equivalent: £22.50 +* [Diced Lamb Leg 300g - £4.50 (£15kg)](https://www.tesco.com/groceries/en-GB/products/282524801) + + + +**4 Lamb Shanks - 2.2KG - £23.80** + +* Cheapest: £20.70 +* [Acre Lane 2 Lamb Shanks in Mint Gravy 800g - £6.90 (£8.63kg)](https://www.tesco.com/groceries/en-GB/products/304799925) + +* Equivalent: £24 +* [Tesco 2X Lamb Shanks In Red Wine Gravy 780G £8 (£10.26/kg)](https://www.tesco.com/groceries/en-GB/products/299803088) + +*Here you would end up with more shanks (ready to warm through as opposed to cooking from raw), but less weight on each.* + + + +**16 Thick Pork Sausages - 1.3KG - £10.77** + +* Cheapest: £2.40 +* [Woodside Farms 8 Pork Sausages 454G - £0.80 (1.77kg)](https://www.tesco.com/groceries/en-GB/products/309169206) + +* Equivalent: £8 +* [Tesco Finest 10 Pork Sausages 667G - £4 (£6kg)](https://www.tesco.com/groceries/en-GB/products/280010485) + +*Contentious one; I wouldn’t eat an 80p pack of sausages if you paid me. The Finest pack nets you an extra 4 sausages, but then ordering from the butcher also netted me 8 extra sausages as a thank-you gift.* + + + +**20 Smoked Streaky Bacon Rashers - 600G - £6** + +* Cheapest: £4 +* [Tesco Smoked Streaky Bacon 300G - £2 (£6.67kg)](https://www.tesco.com/groceries/en-GB/products/281037392) + + +* Equivalent: £8.25 +* [Tesco Finest* Smoked Dry Cure Streaky Bacon 240G - £2.75 (£11.46kg)](https://www.tesco.com/groceries/en-GB/products/261992145) + +*Another contentious one, since you’d technically have to buy 3 packs of the Finest bacon due to weight, as I felt missing 120g from 2 packs wasn’t a fair comparison. Either way, I’d say cut this down the middle and agree that the butcher and supermarket are roughly the same price for good bacon.* + + + +**6 Chicken Breasts - 1.3KG - £11.13** + + +* Cheapest: £5.45 +* [Willow Farm Chicken Breast Portions 900G -1.2Kg - £5.45 (£5.20kg)](https://www.tesco.com/groceries/en-GB/products/304797305) + +* Equivalent: £14 +* [Tesco Room To Roam British Chicken Breast 650g - £7 (£10.77kg)](https://www.tesco.com/groceries/en-GB/products/250536058) + +*The chickens from the butchers are grain fed but I felt it unfair to compare to the organic Tesco product, so I’ve gone down the middle with their “Room To Roam” chicken.* + + + + +**Beef Brisket - 1KG - £10.75** + +* Only one on offer: £9 +* [Fresh Beef Brisket Slow- Roast £9 (£9kg)](https://www.tesco.com/groceries/en-GB/products/257904508) + +*Considerable difference in size on these; butcher’s brisket is at least twice the size for the same weight, so we cut it in half and get two roasts from it.* + + + +**Totals:** + +* Butcher order: £97.87 +* Equivalent Tesco order: £100.75 +* Cheapest Tesco order: £70.30 + + + +That’s my findings. The totals for Tesco can decrease or increase depending on pack size, whether you want frozen cheap meats, in-store offers etc, and your local butcher’s price will obviously vary, but I think that it’s a decent ball-park figure to go by. + + +Also consider the savings in plastic packaging, and additional costs of freezer bags or greaseproof paper to divide up sausages and bacon if you’re freezing your order. + +*edit: as some point out, there are cheaper supermarkets such as Aldi and Lidl. I don’t shop there aside from the odd snack, and their prices aren’t online. If you wish to get the info from instore (prices, pack size, quantity, quality, etc) then I’m more than happy to add on here.* + [https://finance.yahoo.com/news/airline-ceos-promise-to-eliminate-dividends-and-stock-buybacks-if-congress-passes-29-b-coronavirus-bailout-175925540.html](https://finance.yahoo.com/news/airline-ceos-promise-to-eliminate-dividends-and-stock-buybacks-if-congress-passes-29-b-coronavirus-bailout-175925540.html) + +If the corporations who signed the letter do get at least $29b in government aid, and do follow-through on their promise, it seems the stock prices could drop quite a bit. It seems value to the shareholders, especially any investors for retired persons who depend on the dividends, is shot until the "loan" is paid back. The only way I can calculate a fair price for the stock is by using the FCFE method as the Dividend Discount Model with buybacks would give an answer of $0. + +What are people's thoughts on if this goes through and what will happen to the stocks of those companies in the letter? +I found an Index ticker named: QYLD with yields that goes up to 12%. +Basically with some basic calculations if I invest $22K I'd be making $500 in passive income every month. Is this real? And are there better growth stocks/index's that are more reliable. I've heard of JNJ, APPL and other stocks that give dividends but I want to choose the right one. +Do crashes affect the dividend yield of a company? +Do stocks and index's have pros and cons or are all the same? +Am I better of choosing a growth stock or anything with a high yield? + +I just got into the market in late 2020 and recently discovered that dividends can make a difference at a young age. I'd appreciate it very much if you can help me out. + +Edit: I got the calculations wrong, don't down vote me to hell lmao, perhaps the website I told me the wrong numbers. It said it was $0.49. My bad. +What a shit week. brought 550 to $7000 over the weeks with smart plays and yesterday I got into 3 NQ contract trade at the worst time. Another stupid mistake, I didn't have a stop loss. Wanted a quick scalp and got hit by the red train. All three trades auto liquidated. Brought my account to $3000, and from there its history. Revenge playing at its best. Trade after trade fucking up. Ignored all the fundamentals of trading and blew my account. Really down right now, because I worked so hard on the climb up. All that effort gone.. + +Went from okay trader with risk management to complete noob. Chasing the account balance to get it back to where it was in one day. Something that took weeks to get to. Let my emotions take full control and destroy it all. Taking the week off to take my mind off for a bit and restructure + +Had 89% win rate over the past month. I was making $500 daily plus more, even on choppy or red days. + +Got over confident I guess.. And now I've lost all confidence. Feeling like I can't do it anymore.. +What a shit week. brought 550 to $7000 over the weeks with smart plays and yesterday I got into 3 NQ contract trade at the worst time. Another stupid mistake, I didn't have a stop loss. Wanted a quick scalp and got hit by the red train. All three trades auto liquidated. Brought my account to $3000, and from there its history. Revenge playing at its best. Trade after trade fucking up. Ignored all the fundamentals of trading and blew my account. Really down right now, because I worked so hard on the climb up. All that effort gone.. + +Went from okay trader with risk management to complete noob. Chasing the account balance to get it back to where it was in one day. Something that took weeks to get to. Let my emotions take full control and destroy it all. Taking the week off to take my mind off for a bit and restructure + +Had 89% win rate over the past month. I was making $500 daily plus more, even on choppy or red days. + +Got over confident I guess.. And now I've lost all confidence. Feeling like I can't do it anymore.. +**What is Sonar?** + +The Sonar Platform is a multi-chain analytical tool, which presents its users with an interface that tracks social network/influencer trends, vets contract code, price charts, creates price action alerts, executes orders, as well as feature other innovative and unique solutions, including the implementation of artificial intelligence for investments. + +The Sonar Platform intends to serve as a crypto analysis one-stop-shop and provides users with all the necessary tools and information need to make smart investment choices, increase profitable trading and reduce the likelihood of traders falling for rugpulls and honeypots. + +Sonar $PING had a successful TechRate Audit, CertiK audit and is listed on CMC, CG and Blockfolio. The Core Team is fully doxed, KYC’d have based the entire business around full transparency. The Q3 roadmap has been completed 2 months ahead of time and Q4 targets are currently in development. + +**What is new?** + +SONAR has just announced a Uniswap listing! ePing will be going LIVE for trading on Uniswap Oct 28th at 4pm UTC. ePing is the ETH equivalent to PING, same tokenomics, reflections for holders, only on Ethereum! + +Not only that, Sonar's custom built BSC-ETH bridge goes live just before the Uniswap listing, enabling PING holders to migrate their tokens over to the ETH side. + +The chief officers are currently assembling to attend the Websummit (biggest tech conference in the world) in Lisbon as chairpersons. This means that the team will have an opportunity to meet with major influencers, celebrities and business leaders as well as exclusive venture capitalist groups. On top of that, Sonar is an official sponsor of Websummit and our banners will be displayed exclusively at the registration desk of Websummit, where it's expected that at least 40.000 people will pass through. + +**What's in progress:** + +🔥 Incorporation in process +📣 Followed by CZ on Twitter +⭐️ Eth-bridge live Oct 14th! +📊 Charting tool in 1 months +🔓 Sonar Wallet in 1.5 months +📰 New press page +⚒ Hiring page +📚 Blockchain Academy + +**What's been done:** + +✅ Listing on Uniswap Oct 14th 6pm UTC +✅ Listed on Gate.io +✅ Enhanced marketing strategy initiated +✅ Doxxed Core Team +✅ Real Use Case (Utility Token) +✅ Clear Roadmap and Whitepaper on website +✅ Techrate audit complete +✅ CertiK audit complete +✅ Long term partnership with CryptoMonks, Cryptoken Media, Bart Baker and more coming +✅ Listed on CMC +✅ Listed on CG +✅ Doxxed Founders Team +✅ Real Use Case (Utility alt coin) +✅ Q3 Roadmap complete in 1 month + +Transaction taxes: + +💰 6% tax to Liquidity Pool to create a stable price floor +🤑 2% tax to Redistribution +👨‍🔬 1% tax to Sonar Innovation Lab Wallet +👨‍💻 1% tax to Sonar Marketing and Development Wallet + +**Socials:** + +✉️ Telegram: [https://www.t.me/sonar\_official](https://www.t.me/sonar_official) +📷Instagram: [https://www.instagram.com/sonar\_token/](https://www.instagram.com/sonar_token/) +🐦Twitter: [https://twitter.com/SonarToken](https://twitter.com/SonarToken) +⭕️Reddit: [https://www.reddit.com/r/sonarplatform](https://www.reddit.com/r/sonarplatform) +🎮Discord: [https://www.discord.gg/7kuNHxZeCP](https://www.discord.gg/7kuNHxZeCP) +🎥Tiktok: [https://www.vt.tiktok.com/ZSJ9oBTDo/](https://www.vt.tiktok.com/ZSJ9oBTDo/) +📽Youtube: [https://www.youtube.com/channel/UCixkuolcOuQdEnn80E-tyew](https://www.youtube.com/channel/UCixkuolcOuQdEnn80E-tyew) +👫Facebook: [https://www.facebook.com/Sonar-Token-107371881570425](https://www.facebook.com/Sonar-Token-107371881570425) +🌐 Website: [https://www.sonarplatform.io](https://www.sonarplatform.io/) +How many times must this be repeated? There's no official announcement from the SEC that they will be announcing any decision today about Ethereum. The US Gov't can't even decide what Cryptos are. The CFTC wants them as commodities and the SEC is incentivized to claim them as securities but they are neither. Crypto Currencies like ETH are currencies that live and bread on the Internet outside of all Government jurisdictions. Japan made the right move last Spring in 2017 by labeling and regulating Cryptos for what they really are - CURRENCIES with no tax when exchanged just like any other foreign currency. The US Government is CORRUPT as SHIT. +Hello r/eupersonalfinance + +I am a 19yo student from Slovakia and I am currently finishing high school. I have a dilemma regarding my decision about whether to leave Slovakia to achieve better education or to stay home and keep some of the money my parents would be paying for my accommodation and everyday life style. + +Before i dive further into the details, a little information about my future goals as well as my current financial situation. + +As I mentioned, I am 19 and I live in Slovakia. As of today, I have no intend to leave Slovakia and live somewhere else. I get along with my parents and I enjoy living with them. I have the ability to go study abroad, since my sister did so a few years ago and my parents paid for the whole thing. It cost them a lot of money but it did not change our current or future financial situation. + +Now, when its time for me to choose a university, they're fully supporting me in studying abroad but they wouldn't mind at all if stayed home and attended a university in Slovakia - it's only my call to decide what to do. + +I already spent a year in Switzerland as an exchange student, so i speak German as well as English fluently. + +Since i don't really want to leave Slovakia and live abroad, the only university outside of Slovakia which i am considering is in Vienna, Austria ( 40min drive from where i live, 1h direct connection with a train ) + +If I would decide to go to Vienna, my parents would be paying 720€ for the university p.a. and around 700€ monthly for my accommodation and living expenses. + +If i would decide to stay at home, i could be getting 350€ as passive income every month, which would be ONLY used to dollar-cost-average into a MSCI WORLD 80/20 Portfolio. Without my own contributions and without any gains, this would add up to 12600€ of net investment + around 3000€ which i already have in the MSCI WORLD Portfolio before even finishing the university. + +In Wien, i would certainly get a better education than in Slovakia, but firstly i would like how much sense does it make to go study abroad, when you wanna live at home? Secondly, I am already engaged in a few student organizations, through which i could go on a internship pretty soon, where my german knowledge could be of a great use. + +Essentially what i am trying to figure out is, if it is better to have a average university accompanied by some early internship together with 15 000€ in a long term investment portfolio, or a above average university, and therefore probably an above average internship later on with only a few thousand dollars invested, which i would have to save on my own. + One of the greatest quotes from the legendary Peter Lynch’s book “One Up on Wall Street” is : ***“Selling your winners and holding your losers is like cutting the flowers and watering the weeds.”*** + +It is stupid right, but still most of the investors do it everyday. They sell the winning stocks in their portfolio and hold on to the losers in the hope that they will rise up one day. This common behavior can be explained by the theory of **‘Loss Aversion’.** + +In the "loss-aversion" theory, the general concept is that if two choices are put before an individual, both equal, with one presented in terms of potential gains & the other in terms of possible losses, the former option will be chosen. Loss aversion was first identified by Amos Tversky and Daniel Kahneman in 1979. + +Some studies have suggested that **losses are twice as powerful, psychologically, as gains**. This simply means that if you make losses in the stock market you will feel twice as bad as you would feel good about making profits in the market. + +**The fear of realizing a loss cripples an investor, prompting him or her to hold onto a losing investment long after it should have been sold.** One should always try to avoid this trap and cut the weeds from their portfolio before they become poisonous. +#Intro +I am going to give a brief explanation of portfolio efficiency, share some backtests under different circumstances, and attempt to make the case that no one who is trying to grow their wealth both safely and quickly should be invested in 100% stocks. + +#What is risk? +Everyone here has a general concept of risk and reward. It's something that every investment has, but not all investments are equal. If you invest in a one year treasury bill today you will have next to no risk but the reward is only 0.4% per year. If you invest in a 20 year treasury bond you will have slightly more risk and therefore you get a slightly higher reward of about 2% per year. If you invest in the S&P 500 you are taking on much more risk, but how is that measured? It is incredibly difficult to define what risk is. Some people consider it to be the odds of losing everything if you're dealing with derivatives for example, while more commonly it's defined as the amount of volatility you may experience along the way. The S&P 500 dropped by a bit over 50% in the 2008 Financial Crisis. The more volatile your investment is, the bigger the chance it has of going down significantly in value and because there's never a guarantee of it going back up in value this is perceived as risk. + +The stock market (the S&P 500 for the purposes of this) returns anywhere from 6-12% per year on average depending on if you include inflation, dividend reinvestment, and depending on the time frame you're looking back at. The backtests I will show go back to 1994 and including dividends, but not including an inflation adjustment, show the S&P 500 returning about 10.5% per year. This is a great average return and while there are significant crashes from time to time, it has shown to be incredibly resilient at recovering. This has led a lot of people who are looking to grow their wealth to allocate 100% of their investment portfolios into stocks. Don't get me wrong, this is still a great way to grow your wealth and if you do it for 20+ years you can expect to retire quite nicely. The point of this paper is to explain a way that you can *either* keep the risk the same and increase your returns, *or* keep your returns the same and decrease your risk. This is done through having an efficient portfolio. + +#What is an efficient portfolio? +Most people here are familiar with the movement of stocks. They generally follow the broader economy and when that struggles they also struggle. This can lead to lower future expectations which causes some to sell their stocks and move their money to something less risky. Well what is that less risky thing? In most cases it's bonds. What happens is during times of uncertainty people make this switch from stocks to bonds. This is often known as a "flight to safety". It causes stock prices to drop and bond prices to rise. What also can happen in times of uncertainty is the Federal Reserve cutting interest rates. I won't go into too much detail here but lower interest rates cause bond prices to increase. + +Now you have stocks that perform well in good times and bonds that perform well in bad times. This is called an inverse correlation. Stocks and bonds do not *always* have an inverse correlation, especially during good times, but they do have some degree of it during bad times. There are other things that move somewhat or completely inverse to the stock market, such as put options which involve betting on something going down, but the key difference between those other options and bonds is that bonds have a positive expected return. If the market is expected to return 10% per year and bonds are expected to return 2% per year and you hold them 50%/50% you would have an expected return of 6%. This seems worse than holding just stocks... but return is only half of the picture. A stock/bond portfolio is going to have **less than half** of the risk of the 100% stock portfolio. This is because of the somewhat inverse relationship I mentioned earlier. You can plot the risk and return of every combination of stocks and bonds. For example on one end you have 100% stocks + 0% bonds, on the other end you have 100% bonds and 0% stocks. This does not form a straight line. The resulting risk/reward ratio is a curve and the portfolios on the curve are known as tangency portfolios and looks like [this](https://cdn.wallstreetmojo.com/wp-content/uploads/2019/09/Efficient-Frontier-1.jpg.webp). + +Every portfolio on the curve is as historically [efficient](https://en.m.wikipedia.org/wiki/Efficient_frontier) as possible. Now you might notice that even 100% stocks, which would be a broad index fund, is on the curve. That does not mean that it is the most efficient. What that means is that without using any leverage it is the most efficient way to achieve those higher returns. Looking at the curve you'll see that there is a huge amount of diminishing returns with 100% stocks. You are taking on more risk for fewer returns when compared to some of the more efficient combinations which are generally 55-60% stocks and 40-45% bonds. + +#The effects of adding leverage +If you are willing to take on the risk, defined as the volatility, of 100% stocks, then it follows that you should be able to take on the risk of the portfolio that I am about to describe. There exist leveraged ETFs (r/LETFS) that multiply the daily gains of whatever they track. If you want 2x leveraged S&P 500 you would probably use the ticker SSO. If you want 2x leveraged 20 year bonds you can use the ticker UBT (Side note: if you have issue with the low AUM of UBT you can use 50% TLT and 50% TMF to get the same result). Combining the two of these in a 55%/45% ratio (or 60%/40% if you prefer) you can effectively double the most efficient portfolio. This is the same as holding 110% stock and 90% bonds. You can use any degree of leverage you like but I am a fan of 2x because it matches the risk of 100% stocks very closely. Let's look at some backtests from 1994 to present day. + +[Here](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=1&leverageRatio=100&debtAmount=0&debtInterest=3&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=SPY&portfolioNames=true&portfolioName1=2x+55%25+Equities+45%25+Bonds&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=55&symbol2=VUSTX&allocation2_1=45) is the backtest of the main portfolio I am describing compared to an unhedged S&P 500 portfolio. This test covers 28 years, 20 of which the leveraged portfolio outperformed. Please note, the years that it outperformed were **not all during bull market years**. It outperformed every year of the Dot Com crash, 2008, and 2020. It had a CAGR about 50% higher (15% vs 10%) over this time period, a better worst year, and a marginally better maximum draw down. + +[Here](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2006&firstMonth=1&endYear=2010&lastMonth=12&calendarAligned=true&includeYTD=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=1&leverageRatio=100.0&debtAmount=0&debtInterest=3.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=SPY&portfolioNames=true&portfolioName1=2x+55%25+Equities+45%25+Bonds&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=55&symbol2=VUSTX&allocation2_1=45) is the portfolio from 2006 to 2010 which fully encompasses the 2008 Financial Crisis. In this time the S&P 500 basically broke even and this portfolio did marginally better. This is to illustrate that even if we have another 2008 this portfolio is going to be just as resilient, if not more so, than the S&P 500. + +[Here](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2015&firstMonth=1&endYear=2019&lastMonth=12&calendarAligned=true&includeYTD=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=1&leverageRatio=100.0&debtAmount=0&debtInterest=3.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=SPY&portfolioNames=true&portfolioName1=2x+55%25+Equities+45%25+Bonds&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=55&symbol2=VUSTX&allocation2_1=45) is the portfolio during 2015 to 2019. You might wonder why this period is significant and that's because rates were rising from near zero to almost three percent during this window. Rising rates are bad for bonds but generally are a sign the economy is strong. This year is the start of a series of rate increases which are most likely already mostly priced in at this point. The Fed wants to get interest rates up a couple percent so that they have room to drop them in the next crash. During this time the portfolio was more or less on par with the market yet again and came out with both a slightly higher CAGR and lower maximum draw down. + +[Here](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=1&leverageRatio=100.0&debtAmount=0&debtInterest=3.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=SPY&portfolioNames=true&portfolioName1=2x+55%25+Equities+45%25+Bonds&portfolioName2=100%25+2x+Equities&portfolioName3=100%25+2x+Bonds&symbol1=SPY&allocation1_1=55&allocation1_2=100&symbol2=VUSTX&allocation2_1=45&allocation2_3=100) is a visualization of each of the parts of the portfolio compared to both the market and the combined portfolio itself. I wanted to show this one so you can get an idea of how each piece moves. You can see that it really is a team effort between the two assets, especially during crashes. + +#Conclusion +I know after seeing this there are still going to be people who won't touch leverage ever in their life and that's okay. I just want to put this out there for the ambitious ones who want to shave a few years off of the time it takes to reach their goal. + +* I have written over 15 pages specifically debunking or explaining various risks associated with leveraged ETFs. This will be posted when it is completely finished. If you have a question or concern about them or their mechanics, just ask. + +* I am personally investing over 90% of my wealth into a modified 3x version of this portfolio. +* For people who want diversification outside of the US, I have a post about recreating a leveraged version of VT [here](https://www.reddit.com/r/FinancialAnalysis/comments/rxmbwt/how_to_create_a_leveraged_version_of_vt/?). If you want me to help you come up with something specific just ask. +* If you want more information on leverage I would highly suggest [this](https://rhsfinancial.com/2017/06/20/line-aggressive-crazy-leverage/) +* This portfolio should be rebalanced quarterly if possible (in a Roth IRA for example) or at least annually. If one part grows enough to overtake the portfolio you won't have the same efficiency benefits. +* This is just a less aggressive variant of [HFEA](https://www.bogleheads.org/forum/viewtopic.php?t=272007) designed to match SPY's maximum drawdown in the last 30 years. + +If you read all of this, thank you! I would really like to have some good discussions in the comments. If you're going to try to make a case against it, which I welcome, please bring your sources! +Rotation plays are in progress which led to the fall of tech stocks. + +But if we were look at it in the long game, tech will definitely prevail as leaders again. As much as recovery plays are in the books, the only way forward is with tech. + +As long as what speculative tech etfs youre in, EVs or Clean Energy, you cant deny these are the spaces to look into. They might not get 100% a year returns like 2020, but itll probably beat the market over 5-10yr period. + +I view this as a good dip to get into looking at how NASDAQ touched the 10% correction with a strong support to push it upwards. + +We can expect tech to lead again but when does that happen could be a few months to a few years depending on how slow the recovery plays materialise. Hold on tight and visit your holdings and remember whats the conviction you entered your positions. + +Disclaimer: my ETF portfolio consists of 40% growth core with 60% into tech thematic plays. I hold 10% cash to wait for the resistance of NASDAQ. I also have shares in recovery plays. +So I recently started an experiment which I intend to keep pursuing for at least a few more months. + +My strategy is called the Triple Income Strategy and is an options strategy based around wheeling dividend paying stocks. + +Here are the steps: + +1) Identify a dividend-paying company with favorable metrics that you wouldn’t mind owning shares of (ex: blue chips like JNJ, MRK, BMY, KO, PEP, O, etc.) + +2) Sell a cash-secured put at a 0.3 delta 30-45 DTE (date to expiration) ON A RED DAY and for a strike which you believe to be below fair value + +3) If the strike expires OTM, use the premium collected to buy shares of either the same dividend stock you sold the option on or another dividend-paying security + +4) If assigned, sell weekly CC at or above the strike price if a reasonable premium is possible until you are assigned. SELL THESE ON A GREEN DAY. + + +5) Use the covered call premium to buy more dividend shares + +Hence, you get income from CSP, CC, and normal dividends on top. + +I recently used this to sell 5 $22 puts on MPW for a net of $500 premium. I got assigned at a market price of $20.93. Current loss = 0.07*500. + +I am comfortable with owning MPW at these levels. + +Now looking to sell $22-23 covered calls on a bounce. + +My put premium in the above scenario alone secure me nearly 3 quarterly dividend payments on their own. + +Will keep updated with trades. +Edit: got user messages saying the links don’t work - the links were shut down - you can still search the tickers yourself - ***** and yes I’m suggesting it’s sus - and this confirms my bias- lfg tits jacked! + +This report illustrates the current situation in China. China is in a bear market, we are seeing a huge price decline in Chinese Equities and high yield bonds. + +The world media and financial institutions are failing to report how bad China really is. An accelerated sell off in the High Yield Bond market will cause selling pressure in China Investment Grade Bonds that will roll over into the world markets. + +Ticker “**HSI**” tracks China Stocks from the Hong Kong Market. + +KEY TAKEAWAYS +The Hang Seng Index (HSI) is a benchmark for blue-chip stocks traded on the Hong Kong stock +[https:\/\/finance.yahoo.com\/quote\/&amp;amp;#37;5EHSI\/](https://preview.redd.it/d61g2imv97s71.png?width=1320&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=03b8d7c6205e2c670b6d343dbb747194801ab57a) + +52 week high was 31,183.36, + +Current Price (October 8th 2021) is 24,837.85 + +To calculate percentage loss, we do - current price/all time high price = 24,837.84/31,183.36 = .79 - So China is down around 20 percent since February of 2021. + +## What Is a Bear Market? + +A bear market is when a market experiences prolonged price declines. It typically describes a condition in which [securities](https://www.investopedia.com/terms/s/security.asp) prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment. + +[https://www.investopedia.com/terms/b/bearmarket.asp](https://www.investopedia.com/terms/b/bearmarket.asp) + +**Technically Chinese Stocks are in a bear market - and I'm calling it here.** + +**FXI - Is China large cap etf -** 39.57/53.58 = .73% = China Large Cap down 27%. Bear Market + +[https:\/\/finance.yahoo.com\/quote\/FXI?p=FXI&amp;amp;.tsrc=fin-srch](https://preview.redd.it/s215aq55a7s71.png?width=706&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=1486516fdc653fdf81d8dd4cd180ae4f212ba017) + +**CQQQ - Is China Tech etf -** 67.35/106.24 = .63% so tech s down 37% - Tech Bear Market + +[https:\/\/finance.yahoo.com\/quote\/CQQQ?p=CQQQ&amp;amp;.tsrc=fin-srch](https://preview.redd.it/37ek7omba7s71.png?width=808&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=a62a3e40a0e4fc969e0e16d658fe6d9b360b6060) + +**CHIQ - Is China Consumer DIscretionary ETF** + +28.48/35.70 = .79 or down 21% which is also a bear market. + +[https:\/\/finance.yahoo.com\/quote\/CHIQ?p=CHIQ&amp;amp;.tsrc=fin-srch](https://preview.redd.it/yyvf6hfna7s71.png?width=900&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=682ee5ace7719f65810a1422e6493e02ba4f746b) + +**CHIX - Chinese Financials** + +14.35/16.91 = .84 or down 16 percent (Almost bear market) + +[https:\/\/finance.yahoo.com\/quote\/CHIX?p=CHIX&amp;amp;.tsrc=fin-srch](https://preview.redd.it/rcpr0kcya7s71.png?width=858&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=f0a66c50167177f9fb47db47fc1d2025c2eb8f76) + +**CN - ALL CHINA STOCK ETF** + +40.82/53.32 = .76 or down 24 percent (Bear Market) + +[https:\/\/finance.yahoo.com\/quote\/CN?p=CN&amp;amp;.tsrc=fin-srch](https://preview.redd.it/sv0o1i23b7s71.png?width=870&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=8ce8afef56b52ccde5b31315fde58f08781ba884) + +It is clear that almost anywhere you look in China, Assets are down over 20 percent, which is technically a bear market. + +Next, I want to look at some of the bonds. + +1. Evergrande China and Fantasia are two construction companies that issued hundreds of billions in bonds and are now failing to pay. + +# Evergrande has reportedly missed recent bond payments as the developer fights to fend off default - + +The current bid for Evergrande bonds is 21 cents for the March 2022 bonds. They are trading dirty (no interest being paid) and if you buy today and can hold for 6 months you will make 846 percent - This tells me a default is coming. + +[https:\/\/www.boerse-frankfurt.de\/bond\/xs1982036961-china-evergrande-group-9-5-19-22China Evergrande Bonds - ](https://preview.redd.it/79aawtjeb7s71.png?width=1268&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=dc61b13f5604a2c167d5ca395e85c5163c99d172) + +Ratings agencies have downgraded Chinese developers **Fantasia** Holdings and Sinic Holdings over risks from their strained cash flow situations. + +**Dont forget Sinic Holdings -** + +[https:\/\/finance.yahoo.com\/quote\/2103.HK?p=2103.HK&amp;amp;.tsrc=fin-srch](https://preview.redd.it/krnz9e5hd7s71.png?width=1814&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=8a1e6a8f332b6dfb6a3d2be4c3674c700f5c72ca) + +HONG KONG -- Chinese property developer Fantasia Holdings Group has failed to repay a maturing bond and a loan in the latest sign of distress among the country's real estate companies. + +Like bigger rival China Evergrande Group, Fantasia is based in Shenzhen and has been grappling with excessive debt amid a credit crunch. + +Fantasia said in a filing in Hong Kong on Monday evening that it had failed to redeem a $205.7 million bond due that day. It also failed to repay a short-term loan of 700 million yuan ($108.56 million) due then to Country Garden Services Holding, which has a pending deal to buy much of Fantasia's property management business. + +[https://asia.nikkei.com/Business/Markets/China-debt-crunch/Chinese-property-developer-Fantasia-fails-to-repay-bond](https://asia.nikkei.com/Business/Markets/China-debt-crunch/Chinese-property-developer-Fantasia-fails-to-repay-bond) + +Fantasia Bonds Fell off a Cliff + +# International bonds: Fantasia Holdings Group, 10.875% 9jan2023, USD - XS2100005771 + +[https:\/\/cbonds.com\/bonds\/670053\/](https://preview.redd.it/rmkv3h9qb7s71.png?width=1240&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=9c4ab20def00555643617aaa72442cd9fcb4ebd4) + +The Evergrande and Fantasia bonds are down 80 percent currently. This means that around $240bn was wiped from the Evergrande Bond Market Cap. + +Fantasia total debt is much smaller to Evergrande, around $12.5BN - however… + +# Fantasia downgraded to default status by rating companies as Chinese property sector crisis worsens + +* Missed debt payment by Fantasia this week adds to China property sector concerns spawned by Evergrande’s liquidity crisis +* S&amp;amp;P, Fitch and Moody’s all cut Fantasia to default or near default status + +[https://www.scmp.com/business/banking-finance/article/3151335/fantasia-downgraded-default-status-rating-agencies-chinese](https://www.scmp.com/business/banking-finance/article/3151335/fantasia-downgraded-default-status-rating-agencies-chinese) + +In conclusion, 20 percent plus sell offs in Chinese Equities, coupled with the Evergrande and Fantasia High Yield Problem, will lead the world into a global recession. + +**There is one part of the China Market that has not taken a hit.** + +**CBON - China Bond ETF (high quality bonds)** + +&amp;amp;#x200B; + +[https:\/\/finance.yahoo.com\/quote\/CBON?p=CBON&amp;amp;.tsrc=fin-srch](https://preview.redd.it/2qef4zhzb7s71.png?width=880&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=55e7802021a1d16ec594b28812e387bad1fd85b4) + +Chinese Investment Grade bonds have held well. No major price decline. My guess is once this ETF starts to crash - we will really start to see global selling. I would watch the CBON ETF to gauge when things really start to hit the fan. + +Edit Haven't seen this in the news, but Ping An Bank in china appears to have collapsed because of Evergrande debt - protestors who lost their money are now singing the national anthem in-front of their building + +https://twitter.com/__inty__/status/1446283536097415172?s=21 + +**Tl:dr: The Chinese stock markets are in an official bear market - down 20% plus over an extended period. China Evergrande and Fantasia bonds are down 80% and the only place that hasn’t sustained losses in China is the CBON investment grade index. China is in a bear market and has the potential to cause a major global sell off. This risk is not being reported fairly by media and financial institutions.** +The SQUID cryptocurrency peaked at a price of $2,861 before plummeting to $0 around 5:40 a.m. ET., according to the website CoinMarketCap. This kind of theft, commonly called a “rug pull” by crypto investors, happens when the creators of the crypto quickly cash out their coins for real money, draining the liquidity pool from the exchange. +The SQUID crypto coin was launched just last week and included plenty of red flags, including a three-week old website filled with bizarre spelling and grammatical errors. The website, hosted at SquidGame.cash, has disappeared, along with every other social media presence set up by the scammers. + +Did you fall for this scam??👀 +The Dunning-Kruger Effect is a cognitive bias in which people with a low ability of a given task are prone to overestimate their ability at that task. We are incapable of objective evaluation of our own competency levels. I'm writing about it as I've come to realise I suffer from it. + +Dunning and Kruger's main finding from their 1999 study “Unskilled and Unaware of it” was that the worst performers consistently overestimate their ability relative to others. + +I've outlined two examples of this bias in action and how you can avoid some of these pitfalls: + +1. Investing + +As the age old saying goes, "Everyone is a genius in a bull market." + +When your portfolio is growing and the markets are ripping as they have in 2020, many fall victim to the Dunning-Kruger Effect. We tend to wrongly attribute this performance to our ability as talented investors. + +2. Politics + +An obvious example people have been using recently is Donald Trump, whose confidence never wavers, despite his weak interest and understanding of policy matters. + +The first rule of the Dunning-Kruger club is you don't know you're a member of the Dunning-Kruger club. But we're all human, and it's important to recognise that we are all prone to this cognitive bias. + +Here are a few strategies to avoid it: + +1. Identify your circle of competence + +The circle of competence is a sacred place. It's a set of topics or areas that align with a person's expertise. Be ruthless in identifying and protecting the boundaries, and it's usually smaller than you think. + +As Charlie Munger said, "It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of being very intelligent." + +Know your competencies, focus on them. Know your incompetencies, avoid or outsource them. + +2. Be a first principles thinker + +A first principle is a foundational assumption or proposition - it is foundational in that it cannot be deduced from other assumptions. In chemistry, it's like an element. It cannot be broken down further. + +Ground yourself in foundational truths and build up from there. Challenge your reasoning, and most importantly, always ask why. + +"It isn't what you don't know that gets you in trouble. It's what you know for sure that just isn't so." + +Link to original: https://mrsk.substack.com/p/everyone-is-a-genius-in-a-bull-market +Hi Favorite Community - + +Someone yell at me if this breaks rules and I’ll delete it. + +36/F, $12-13M NW, work full time still but only because I have one-more-year-itis and an irrational fear of being broke again/not being able to take care of my kids, but I think some form of retirement is near. + +OK. So, due to the above, my husband and I have always lived below our means. We finally upgraded to a 1,800 sq ft house when we had a baby after 5 years in a 400 sq studio, but I would have been ok with studio life forever. We don’t look at price tags at the grocery store as we are big on healthy eating but are very thrifty everywhere else. Used cars, used clothes, all of our furniture and linens are from target or some discount type store. Only ever flown coach and filter by sub-$200 a night when booking hotels. We don’t really feel like we are sacrificing because those things don’t really bring us happiness, but there are a few areas I feel like perhaps would make a big difference in day to day life if we upgraded. + +For example… pots and pans. Bed sheets/linens. Mattresses. Spending $10k to convert our garage to a gym so I have somewhere to do my YouTube yoga. An expensive high quality winter coat. Staying at the Four Seasons on the beach in Maui vs an Airbnb more inland. + +I was inspired by reading someone post on here that they hated doing dishes so they hired someone to come do dishes for them 4 nights a week. I also hate dishes. + +I guess my question is (and I know it’s been asked here before but it’s nice to get refreshed answered): what are the first items you upgraded to in your life when you FF’ed? + +I cook 6-7 nights a week and sleep a lot so looking for the best pots/pans/linens money can buy as a first step if anyone has specific suggestions on those but genuinely curious across the board what I should start with as I slowly start this upgrade experiment. + +Thank you! +Hello, + +I'm being kicked out of my mothers home. She is schizophrenic and can't support me anymore. I'm only here until this morning and then I need to be out. My car(Crown Victoria) is already packed and we already said our goodbyes. I have no friends or family members to stay with, and no job. + +Where does anyone reading this think that I should go? I understand that I need to get a job as soon as possible, no matter where I end up. Should I just make a "B line" towards the closest city? I'm willing to live in my car if I have to but I don't know how I could have a job without being caught. + +I know that I didn't provide much information but I don't know what to think right now. + +Thank you all + +EDIT - 1:47AM, 03/21/15 - I very much appreciate the offers from people for a place to stay and a job and would love to take one up but I don't know if I can trust anyone without major proof of normalcy. I must seem very vulnerable at this point so I feel like many people with malicious intentions are lurking. + +EDIT - 4:30AM, 03/21/15 - I don't know what to say. I'm receiving so many kind messages and comments. I'm sorry if I can't get to yours. I very much appreciate all of the help that I'm being offered and I'll try to keep updating this thread as long as I can. +Is anyone else concerned about this? They are migrating from UK to Hungary, Ireland or Luxembourg: [https://ibkr.info/node/3515](https://web.archive.org/web/20201003222439/https://ibkr.info/node/3515) + +Main reason I used IB was safety/regulation. After this migration **we lose FSCS & SIPC protection**, compensation will be the same as e.g. DeGiro or Trading 212 (20k EUR), for me there is no point to stay on IB any longer as I much prefer Trading 212's modern platform. What are your thoughts? + +>In 2018 IBKR established Interactive Brokers Luxembourg SARL (“**IBLUX**”) which received regulatory authorization in November 2019. In addition, we are in the process of creating two additional brokers based in the European Union: Interactive Brokers Ireland Limited (“**IBIE**”) and Interactive Brokers Central Europe Befektetési ZRt (“**IBCE**”). +> +>We expect the majority of the clients based in Western Europe will be migrated to **IBIE**, those in Central and Eastern Europe to **IBCE** and a select group of clients to **IBLUX**. +> +>Currently, provided they meet eligibility requirements, **IBUK** clients may be protected in relation to investment services under the UK Financial Services Compensation Scheme (“UK FSCS”) at an amount of **up to £50,000**. As IBUK clients are carried by our US broker, IBL, the securities segment of their account may be eligible for insurance by the Securities Investor Protection Corporation (“SIPC”) at an amount of **up to USD 500,000**. +> +>**Under the EU Brokers IBLUX, IBIE and IBCE eligible claimants may be entitled to claim compensation up to a maximum of EUR 20,000.** + +Later update - currently for IBUK, the protection amount depends on what you are trading with: + +* If you trade with forex, CFDs, non-US stock index options or futures, you are protected by the FSCS, up to £85,000. +* If you trade with stocks, bonds, funds or US stock index options, you are protected by the US investor protection, i.e. $500,000, with a cash limit of $250,000. +What a time to be living in, you can click pics of yourself, call it a "DAO" and raise millions of dollars in hours. + +Thats what Irene did. + +[IreneDAO selling \\"Tribe passes\\". Spend your valuable coins to join her tribe i.e private group](https://preview.redd.it/uqv9vtep04c81.jpg?width=1030&format=pjpg&auto=webp&s=296b0e721c3ac0e23bf6560f1ac292ac28e99eed) + +[No thanks? The market says otherwise. ](https://preview.redd.it/4yzyqmpt04c81.jpg?width=1170&format=pjpg&auto=webp&s=83d65d39b3447f24aa5490375161764b8958ce30) + +Well.. anything is possible if you get big accounts to back you. + +[She even got Novogratz to shill this \\"DAO\\"](https://preview.redd.it/7p8yhjf214c81.jpg?width=1170&format=pjpg&auto=webp&s=9bbeee30cebb6c8a6ed1ae88172e68973db11376) + +[henlo? Novofaps](https://preview.redd.it/t7qjyac424c81.jpg?width=512&format=pjpg&auto=webp&s=86e4c293df85a1d9cb2f59d01c31a5a00381e151) + +Edit: + +This chick be straight up hustling yo, she got plebs to send her their valuable NFTs (which are now trading at $15,000 each! ), in exchange of a 5 minute phone call. + +[$15,000 for a 5 minute phone call? Shut up and take my money!](https://preview.redd.it/awjomdzmh4c81.jpg?width=1242&format=pjpg&auto=webp&s=8057dfc1b82aa2c28f303b8def7b5bd14a9291a2) + +And then she used those 2 NFTs to get the attention of Su Zhu and Justin Sun + +[Lmao](https://preview.redd.it/wnt2rqtwh4c81.jpg?width=1169&format=pjpg&auto=webp&s=2d03022b8a7d8e48b98bb7935cd7546b92fcbf23) + +Looks like Bored Apes are gonna become history soon +so i've been doing some thinking about when to retire: + +i'm currently holding 300k USD in low interest deposits, about 10k in crypto, and make about 120k USD a year. i'm a young professional that had always felt like stopping the 9-5 and go back to being a digital nomad and live in the places i love. + +So the proposition is: + +if I dumped the 300k into QYLD, that would return 11.5%. and if i move to thailand, that would give me a comfortable 80k THB per month of passive income (To give some context, a normal professional income is around 30-40k THB). If I do 6 months of contract work a year, I could perhaps add a little bit more on top. + +pro/con : + +I would be sacrificing my income growth years, but I would gain freedom during the best years of my life while i still have youth. + +Question: + +According to my current trajectory, when is the mathematical best point in time, I should quit the day job and live the rest of my life? This point in time should be the inflection point where "my comfort" surpasses the rate of growth of my assets. +I don’t buy anything except the basic necessities… food, bills, utilities. Because honestly I can barely afford those and have to reply on my roommates for extra help. + +I haven’t bought anything for myself in at least a year. No video games, recreational items, tickets to the park, even self care items like lotions/spa stuff…. nothing. I’m bored as fuck because I can’t do anything I want to, everything requires some kind of monetary purchase. Every day is just working and living in survival mode, paying my bills, making a meal or two and hoping I have enough to get through the next day. + +No joy. No fun. Just staying the fuck alive. +And I'm devastated. I had been there a few times about 4 years ago, and recently needed it again. + +I am so grateful for this pantry and the kind volunteers that run it. They have great food, lots of variety, and let you go once a week. + +I was fine through it all. Got there an hour early to wait in line (they are only open for 1 hour) and had nice chats with everyone in line. They came out and served us coffee while they set up inside. It really felt like a community that cared. + +While getting food I inquired about dog treats and they were able to give me a good size bag and asked about my babies. It was a great experience. + +When walking to my car holding the large box my knee buckled and I fell. People in line immediately approached to help and I thanked them profusely. Ab older woman was lifting my box and I helped her get it in my trunk. She turned and said "we help each other out, we're all in this together" I agree and thanked her again, and told her I hoped she got a good load. + +I drove off and broke down. Why are these good, kind people made to suffer? Don't get me wrong, I know there are worse things in the world. But when I think of all the rich people and churches (I'm in utah) that just do nothing... it's so hard. +Over the past few days I've started looking into the sectors I'm interested in and personally believe will thrive over the next 20+ years, my problem is I think I'm looking at too many? + +Psychedelics/cannabis: PSIL + PSY - This is my strongest conviction play. As someone who has struggled with mental health issues my whole life I've experience first hand the awful side effects of currently available pharmaceuticals. Microdosing and daily cannabis use has change my life in ways previous medications weren't able to do. + +Metals: REMX + PICK - As the world increases it's reliance on electronics rare earth metals will only increase in demand. And then just in general commodities will always be needed. + +EV/Green tech: LIT + GRID + URNM - The slow, inevitable push towards electrification and pivot away from fossil fuels will increase the demand for new energy sources and the materials needed to support that pivot. + +Broad market: VOO - Whole market exposure + +Genomics: ARKG + IDNA - I'm personally bullish over increased medical advances in the coming decades. + +Defense/space: XAR + ARKX - War and the business of war is never going away. Plus the aerospace industry is still in its infancy. + +Tech: QQQJ + SMH - I'm a firm believer in tech continuing to play a more and more integral role in society moving forward. + +A lot process here and I apologize. I wish I started investing in my future years ago, but I wasn't in the position to. Now that I'm able to I'm hitting the ground running. +It isn’t much but I know it’s $2 I didn’t have to work for. Next goal is $10 a month! Onward! Currently have: $AAPL, $T, $TSLA, $V, $GS, $JPM, $MSFT, $O, $APLE, $KO, $BAC, $JNJ, $TSM, $MA, $VOO, & $AXP. +My niece and her long-time boyfriend are tying the knot soon. Months ago, even prior to the engagement, they told us that their wedding budget was $100,000. + +It shocked me to hear the amount. Until now, it still boggles my mind how two young adults can spend this amount on a wedding. + +We, the elders, counseled against it. Arguing that half of this amount is best put into their mortgage. But they have this vision of a wedding and nothing would change their minds. + +We really don’t have a say in it because they saved the money. They didn’t go into debt paying for the wedding advances and didn’t asked both sets of parents for help. Both are well paid professionals, so they reckon they make enough to splurge. + +The wedding will be three months, as far as I know, they will exceed the budget they had set. + +Are weddings really this expensive now? I can’t wrap my head around it. They say that compared to their peers, their budget is “modest.” +Just blew the remaining cents of my third $200 account. I know where I'm failing, I have like $10k saved money, I have no job just to focus on being profitable and failed miserably. I need to earn money somehow because bills keep coming and them are draining my saved money. + +I am indisciplined and anxious af. If u have any tips to help me deal with it, or some nice words ure most welcome. + +This is a very very toxic job, I dream to have an abundant life through forex but it's very frustrating to know u are one sh*tty noob project of professional daytrader that can't even control it's emotions. + +If u are reading this, I would say you my sincere Congratulation, I envy you and I wish to be profitable like you. U are blessed. +_Edit3: I am not saying El Salvador is the cause of the drop. Just trying to point out lots of shit happens in the crypto world that can cause price swings._ + +Example is the post with like 8K+ upvotes with a generic claim about SHFs needing liquidity without a shred of proof. + +Now with the latest drop of cryptic currency, if you even follow that scene just a little bit you’d know that El Salvador was adopting crypto today as a currency. Fuckery going on? Maybe. Related to GME? Most likely not. + +Also if you follow that scene you’d know it went up from 30K to 50K in about a month or so. A drop of 10-20% is nothing new in that scene especially if the low point only touched the -20% for a minute. + +Just look at the 1m vs 15m chart. https://imgur.com/a/6JfO7pt + +Also during the years it is very clear that Bitchcoin dictates movements in that market since almost everything is pegged to it. So it is no surprise that if that coin drops, the rest drops. It has been this way for years. + +I am all for solid DD but the posts like the one I mentioned really make us look like idiots especially if you follow the cryptic market. Truth is that not everything in the world revolves around or is linked to GME. + +TLDR; buy and hold, don’t take everything you see here as fact especially when no proof is given. + +Edit: some spelling + +Edit2: specially for u/rzr-12: 🚀🚀🚀🚀💎🙏🏽💎🚀🚀🚀 +I bought Bitcoin when I was 16 on Coinbase, and almost immediately after they changed their policy so you had to be 18 to use the exchange. They locked my account, so I was forced to hold. I'm sure they would have let me withdraw my funds if I contacted them but I figured I would just come back when I'm 18. Well I forgot about it until I noticed the bull run in february, I logged on and damn... 1,000 percent gains on my 20 dollars. Best investment of my life. Since then I emailed them, they unlocked my account, and I've been DCAing weekly. + +Edit: Holy crap just got out of work and seeing this post blow up made my day! Thanks everyone! +Let's say you planned and invested 10% in a stock. The stock keeps falling but you still have conviction because the fundamentals are strong. + +Should you still average down? Or keep looking for opportunities? + +Case and point: BABA +Hi all, +I read all the time about inflation in the US, about what the Fed will do, rate hikes, etc. + +Now, since most of my holdings will be impacted by that (one way or another), I find useful to keep up with the news, but I see very little being discussed about the situation of inflation in EU and what the BCE would like to do. This is of course due the fact that lots of financial media focus on the most important market, but since I am resident in EU (Germany) I would be interested in getting quality information about it. + +So far, the info I collected was a bit confusing with south European countries growing the most, etc. Do you know good summaries written by competent analysts that can help me to i) understand better the situation; ii) have an intuition about how things can go in the next years and iii) help me prioritize investment opportunities. + +Thanks! +This may be an odd question but I'm wondering for those of you who have FatFIRE'd... are there any waitlists or clubs you wish you joined earlier in your life? + +For example, I'm a big NBA fan and joined the Lakers season ticket holder list this year. It's a 6-7 year wait it sounds like and I wish I had done this earlier. + +Any other things like this for someone who is likely going to FatFIRE in the next few years? Any lists that I should join NOW so that I can enjoy while I'm Fat? +I'm new to investing in stocks so I'm searching for a simple analysis tool. I've found a few services like Vuru, SimplyWallSt, GuruFocus, Chaikin Analytics, VectorVest, etc. What do you use or recommend for analysis? +How could an equity manager that has been in the game for over 30 years and relatively unheard of suddenly make a splash with Ark? What was she doing before Ark? I have been able to dig into her past performance and the results of which are below. + +&nbsp; + +**Quick summary** + +- She has a long history of running funds that fit under "discovery growth" or "global thematic" styles. + +- Cathie has a **great track record outperforming the S&P 500**, but much of this has been due to outperformance of growth style. Also, this assumes you catch the very early cycles of her outperformance. + +- When compared to category style, almost all of Cathie's major **outperforming** years come during special periods in the market cycle, particularly in the periods following a market crash. With one other period of great performance during the 2017 BTC bubble craze**.** + +- Outside of those special events, Cathie's funds generally **underperform** equivalent style peers on a year-by-year basis. + +- She has a history of **leaving a fund during or** **following a period of underperformance**, then "rebooting" in another fund. This includes a short stint in **a hedge fund that lost over 80% of it's AUM**. + +&nbsp; + +Before getting into the deep dive, a quick note on benchmarks. Cathie's investment style fits into one of two flavors: **US growth** and **global growth**. The S&P 500 is not an appropriate benchmark at all for a growth-oriented or global oriented fund. Instead, for the years available, I will benchmark her to the Russell 1000 Growth and MSCI World Large Cap Index, as these fit her investment universe and demonstrate whether an investor would have been better off with a passive index fund. + +Additionally, I'm going to compare her performance to some matching T Rowe Price Funds. Why T Rowe Price? First, their security selection universe is similar to Cathie Woods: they tend to prefer growth-oriented companies (i.e. think Amazon rather than Phillip Morris). Secondary, they have been around for a while and their funds have history dating back earlier than the indices I will be using. + +Finally, for another reference point I will benchmark against Yahoo Finance's category averages for years where no index data is easily available. + +&nbsp; + +In Summary: + +- To benchmark her "discovery growth" funds, I am going to use the **i-shares Russell 1000 Growth Index (IWF)** (subject to years available) as well as **T Rowe Price's New Horizon Fund (PRNHX).** + +- To benchmark her "global " fund, I am going to use **Vanguard Total World (VT)** (subject to years available) and **T Rowe Price's Global Stock Fund (PRGSX)**. + +- For years where no index data is easily available, I will instead use Yahoo Finance's category averages (average of of active fund performance, after fees). + +&nbsp; + +**1980-1998 (Jennison Associates)** + +This is the one period for which I could not find any performance data, as there are only a handful of surviving funds from that period. She was apparently a portfolio manager and chief economist. I tried looking up fund history on the SEC website but could not find anywhere she is listed as a manager, even after searching shareholder reports for the period. It's possible whichever funds she worked on are no longer around...so unfortunately we need to skip this period. + +&nbsp; + +**1998-2001 (Tupelo Capital Services)** + +Cathie co-founded this hedge fund in 1998..right as the dotcom bubble was building steam. ARK's company profile boasts that she managed $800 million in assets in 2000. Interesting that they give this figure for the very height of the market bubble. In 2001, as the market bubble crashes, Cathie leaves Tupelo Capital. + +Unfortunately there is no accurate performance history for this hedge fund, but I have found AUM filings from the SEC. + +In Q4 1999, the fund's AUM reached $1.0 billion. + +Source (<https://sec.report/Document/0000950123-00-001292/>) + +In Q1 2000, the fund's AUM then reached $1.3 billion. + +Source (<https://sec.report/Document/0000950123-00-005389/>) + +By Q4 2000, the AUM shrank to ~$800 million: matching Cathie's stated figures. + +Source (<https://sec.report/Document/0000950123-01-001535/>) + +Finally, by the end of Q1 2001, the AUM shrank to ~$200 million. + +Source (<https://sec.report/Document/0000950123-01-502496/>) + +In other words**, the fund's AUM shrank roughly 80% over 2000 and 2001**. Note that this would have been due to a combination of asset losses as well as investors pulling out, so it's not possible to know how much of that is due to actual equity losses. + +By comparison, T Rowe's Global Equity Fund lost 17% across 2000-2001, roughly in line with the category average. Unfortunately Vanguard's Total World index (VT) did not exist during this timeframe. + +&nbsp; + +**2001-2013 (Alliance Bernstein)** + +After Cathie left Tupelo Capital Services, she joined Alliance Bernstein. During her tenure she managed three funds that I could find: + +- AB Discovery Growth (**CHCIX**): A discovery/growth oriented fund. + +- AB Sustainable Global Thematic Fund (**ALTFX**) + +- AB Strategy Research Portfolio: Note that this is a Separately Managed Account (SMA) not an open mutual fund. I will use the acronym **ABSRP**. + +All further sources will be at the bottom. + +&nbsp; + +**2001: Cathie OUTPERFORMS Category, UNDERPERFORMS T Rowe** + +- **ABSRP**: -13.81% (before fees) + +- PRNHX: -2.84% + +- Category: -19.98% + +ABSRP beats it's category as the 2001 recession unfolds, but loses to PRNHX. Note that Cathie joined some time in 2001, so it's uknown how much of a contributing factor she was during this period. + +&nbsp; + +**2002: Cathie OUTPERFORMS Category, OUTPERFORMS T Rowe** + +- **ABSRP**: -20.89% (before fees) + +- PRNHX: -26.60% + +- Category: -27.24% + +&nbsp; + +**2003: Cathie UNDERPERFORMS Category, UNDERPERFORMS T Rowe** + +- **ABSRP**: 36.44% (before fees), 32.69% (after fees) + +- PRNHX: 49.31% + +- Category: 35.96% (after fees) + +&nbsp; + +**2004: Cathie OUTPERFORMS Category, OUTPERFORMS T Rowe** + +- **ABSRP**: 20.20% (before fees) + +- PRNHX: 17.90% + +- Category: 13.23% + +&nbsp; + +**2005: Cathie UNDERPERFORMS Category, UNDERPERFORMS T Rowe** + +- **ABSRP**: 10.45% (before fees), 7.21% (after fees) + +- PRNHX: 11.90% (after fees) + +- Growth Category: 9.84% (after fees) + +&nbsp; + +**2006: Cathie UNDERPERFORMS Category, UNDERPERFORMS T Rowe** + +- **ABSRP**: 4.23% (before fees) + +- **CHCIX**: 1.85% + +- PRNHX: 7.39% + +- Growth Category: 9.00% + +Note: Cathie started managing AB Discovery Growth (CHCIX) in 2003, but performance data is only available from 2006. + +Source: <https://www.morningstar.com/funds/xnas/chcix/people> + +&nbsp; + +**2007: Cathie UNDERPERFORMS Category, OUTPERFORMS T Rowe** + +- **ABSRP**: 14.28% (before fees) + +- **CHCIX**: 12.31% + +- PRNHX: 6.25% + +- Growth Category: 15.09% + +&nbsp; + +**2008: Cathie UNDERPERFORMS Category, UNDERPERFORMS T Rowe** + +- **ABSRP**: -45.12% (before fees) + +- **CHCIX**: -48.28% + +- PRNHX: -38.78% + +- Growth Category: -43.77% + +Notes: During the 2008-2009 market crash**, Cathie exits CHCIX and starts to manage the AB Sustainable Global Thematic Fund (ALTFX)**, with some period overlapping while new management is onboarded for CHCIX. I have no information as for the management shuffle, only what I see on Morningstar. + +Source: + +<https://www.morningstar.com/funds/xnas/altfx/people> + +<https://www.morningstar.com/funds/xnas/chcix/people> + +&nbsp; + +**2009: Cathie OUTPERFORMS Category, OUTPERFORMS T Rowe** + +- **ALTFX**: 55.53% + +- VT: 33.62% + +- PRGSX: 44.77% + +- **ABSRP**: 44.57% (before fees), 40.39% (after fees) + +- PRNHX: 43.87% (after fees) + +- Growth Category: 39.11% (after fees) + +&nbsp; + +**2010: Cathie MIXED against Category, MIXED against T Rowe** + +- **ABSRP**: 25.30% (before fees), 21.65% (after fees) + +- Growth Category: 24.61% (after fees) + +- PRNHX: 34.67% + +- **ALTFX**: 18.42% + +- VT: 13.05% + +- PRGSX: 12.45% + +In 2010, Cathie's Separately Managed Account (SMA) underperforms, whereas her global fund outperforms. + +&nbsp; + +**2011: Cathie UNDERPERFORMS Category, UNDERPERFORMS T Rowe** + +- **ALTFX**: -23.71% + +- VT: -7.71% + +- PRGSX: -11.55% + +Unfortunately no more data available for **ABSRP** starting this year. + +&nbsp; + +**2012: Cathie UNDERPERFORMS Category, UNDERPERFORMS T Rowe** + +- **ALTFX**: 12.96% + +- VT: 17.33% + +- PRGSX: 16.39% + +*Unfortunately no data available for SREMAC for this year + +**2013: Cathie UNDERPERFORMS Category, UNDERPERFORMS T Rowe** + +Notes: Cathie left Alliance Beinstein in early 2013. Full year performance is still shown as it's likely that some or most holdings from Cathie's tenure were kept by the new manager. + +- **ALTFX**: 22.62% + +- VT: 22.98% + +- PRGSX: 32.55% + +&nbsp; + +**2014-2020: Ark Years** + +For the Ark era, I am going to use ARKK to evaluate her performance. I'm using ARKK because first and foremost it is her flagship fund, and secondly because her specialty funds, while interesting, are nearly impossible to benchmark against. For another comparison, I am also going to add another passive fund to the mix, Vanguard's VGT (Technology Index), in addition to the Russell 1000 Growth. + +&nbsp; + +**2014: N/A** + +There is no full-year history for ARKK in 2014. + +&nbsp; + +**2015: Cathie UNDERPERFORMS T Rowe, UNDERPERFORMS Passive** + +Benchmarks I am using for ARKK are IWF (IShares Russell Growth 2000) and VGT (Vanguard Technology ETF) as a secondary benchmark. It turns out to not make a difference whether a year is a underperform or an outperform. + +- **ARKK**: 3.76% + +- VGT: 5.02% + +- IWF: 5.50% + +- PRNHX: 4.50% + +&nbsp; + +**2016: Cathie UNDERPERFORMS T Rowe, UNDERPERFORMS Passive** + +- **ARKK**: -1.96% + +- VGT: 13.73% + +- IWF: 7.01% + +- PRNHX: 7.79% + +&nbsp; + +**2017: Cathie OUTPERFORMS T Rowe, OUTPERFORMS Passive** + +- **ARKK**: 87.38% + +- VGT: 37.07% + +- IWF: 29.96% + +- PRNHX: 31.49% + +Summary: This is without a doubt the breakout year for Cathie Wood. How was this done? Can you guess what was the biggest contributor to her outperformance? Hint - it wasn't an equity holding. A position in Bitcoin Investment Trust is by far her top contributor, netting her 635, 748, 655 basis points of compounding outperformance in Q2, Q3, and Q4. Check out their quarterly reports and you'll see it's not even close. Note that the contribution of this is more than simply the compounding of 1.0635 * 1.0748 * 1.065..because this compounding is based upon the base of all assets. In other words..I estimate her actual returns without bitcoin would have been about 57%. Still great, but brings it down a bit more towards earth. + +Q1 Return: 19.2% + +Q2 Return 20.9% (14.55 without BTC) + +Q3 Return 18.3% (10.82 without BTC) + +Q4 Estimated Return 9.9% (3.35 without BTC) + +**56.3% return without BTC (estimated)** + +**87.4% return with BTC included.** + +<https://ark-funds.com/quarterly-webinar/ark-innovation-etfs-q2-2017> + +<https://ark-funds.com/quarterly-webinar/ark-innovation-etfs-q3-2017> + +<https://ark-funds.com/quarterly-webinar/ark-innovation-etfs-q4-2017> + +&nbsp; + +**2018: Cathie UNDERPERFORMS T Rowe, OUTPERFORMS Passive** + +- **ARKK**: 3.58% + +- VGT: 2.52% + +- IWF: -1.68% + +- PRNHX: 4.04% + +&nbsp; + +**2019: Cathie UNDERPERFORMS T Rowe, UNDERPERFORMS Passive** + +- **ARKK**: 35.73% + +- VGT: 48.68% + +- IWF: 36.08% + +- PRNHX: 37.71% + +&nbsp; + +**2020 Cathie OUTPERFORMS T Rowe, OUTPERFORMS Passive** + +- **ARKK**: 152.52% + +- VGT: 45.94% + +- IWF: 38.21% + +- PRNHX: 57.72% + +2020 bears no explanation. We all lived through the fun in the market last year. In case it isn't obvious, her biggest contributor for the year was Tesla, however there were many others as well and overall it was a much more balanced return profile versus that of 2017. + +&nbsp; + +**My take on ARK** + +The following comes directly from ARK's own FAQ:\ +"ARK's funds are fully invested and do not hold a material amount of cash. ARK generally will not use cash in a tactical manner." + +<https://ark-funds.com/help-center/what-is-the-typical-range-for-the-cash-position> + +Let me explain in layman speak what this means. Here the algorithm Cathie follows to buy or sell: + +- When Cathie receives inflows, she buys + +- When Cathie receives outflows, she sells + +Sounds a lot like the algorithm for a passive fund. You see, unlike most active funds...Cathie is not tactically using cash nor thinking of limiting inflows..even as she now sits with many billion AUM, and continuing to pump money into existing positions. + +Unlike Cathie, **top active shops tend to hold higher cash positions during times of market euphoria and close funds when they are performing** ***too*** **well**. The exception to this are mega-cap blue chip funds, but Cathie is not running a mega-cap blue chip fund. The T Rowe Funds in my benchmarks for example are currently either closed or restricted to new inflows. Fidelity has done the same with very successful small or mid-cap funds. Let me quickly summarize what IMO are some of the best virtues of a good active manager: + +- Keep cash onhand and deploy it only when there is a reasonable risk/reward tradeoff. + +- Sell if the risk/reward tradeoff is no longer to the best interest of your clients, even if this means selling to a cash position. + +- If your cash grows too large or if your fund performs too well..you should consider closing the fund as otherwise it attracts short-minded performance chasers. + +- If there is a great buying opportunity (i.e. a market crash) and your fund is closed, you should open your fund to solicit new inflows. + +- You should try to keep your Assets Under Management (AUM) small if possible. The larger your AUM, the more difficult it is to make a winning bet on a small cap. Let's say for example you wanted to bet 5% of your portfolio on San Jose Water Company (SJW), an infrastructure holding of mine. Well...their total market cap is less then $2 billion. If your AUM was $100 billion, you'd need to buy the entire company outright just to make a small dent in the portfolio. + +- Your marketing to your clients should be reasonable and not overpromise. Telling your clients "your goal is to beat the S&P 500 on a risk adjusted basis" is fine as long as you are clear about risks involved. + +I do not see Cathie following any of the above. Instead I am seeing a combination of dangerous behaviors: + +- Actively soliciting more inflows even when total AUM across Ark funds exceeded $50 billion. This is forcing more purchases into existing overcrowded positions. + +- Advertising that ARKK should double your investment in 5 years. + +- Regularly putting out videos, promotional materials, interviews, etc. promoting the house holdings with price targets significantly above most industry targets. + +I do not believe Cathie is acting in her investors best interests. Intentionally or not, I believe Ark is essentially a pump scheme: + +- Buy companies with a marketable story and small revenue base but large revenue growth. + +- Promote the companies heavily: sell investors on the story. + +- Solicit inflows, use to buy more into those positions...sometimes owning up to 10% of the company. My theory is that this in itself is jacking up the price of those companies... + +- Sit back and **watch the stock's price grow at a faster rate than revenue growth**. This is not sustainable. + +- Until...well until what? You now hold a basket of companies trading at very high P/S ratios. Some of them might become the next Google, but surely they all won't become the next Google. You can try selling them to some greater fool, but good luck doing that with 10s of billions in AUM. + +&nbsp; + +Edit: lots of posts about how ARK cannot control inflows because it's an ETF. This is true and not Cathie's fault, but nonetheless it's a problem...or at least it's fair to say it's a flaw in the structure of active or concentrated ETFs. ARK is now suffering from the big AUM problem. Too much capital to chase after too few opportunities, victim of its own success. + +&nbsp; + +**Additional Sources** + +<https://finance.yahoo.com/quote/ARKK/performance/> + +<https://finance.yahoo.com/quote/prnhx/performance/> + +<https://finance.yahoo.com/quote/IWF/performance/> + +<https://finance.yahoo.com/quote/VGT/performance/> + +<https://finance.yahoo.com/quote/PRGSX/performance/> + +<https://finance.yahoo.com/quote/altfx/performance/> + +<https://finance.yahoo.com/quote/vt/performance/> + +<https://finance.yahoo.com/quote/chcix/performance/> + +<https://www.alliancebernstein.com/Microsites/ABI/Thematic/Content/Instrumentation/Investor/saleIdea_10for10_in.pdf> +Ive been trading for 2 years now and at the beginning I was on the RSI MA EMA hype. Head and shoulders, crossings, all that shit. The more I think about it, the more I realize its completely rubbish. + +&#x200B; + +The one strategy in the market that makes sense to me after two years of trading is Auction market Theory and I only use BB and Volume profiles to trade this and its been the most successful period of my life trading. + +[https://www.lightspeed.com/active-trading-blog/an-intro-to-auction-market-theory/#:\~:text=Auction%20market%20theory%20is%20a,and%20all%20the%20available%20information](https://www.lightspeed.com/active-trading-blog/an-intro-to-auction-market-theory/#:~:text=Auction%20market%20theory%20is%20a,and%20all%20the%20available%20information). + +&#x200B; + +The thing is with technical indicators, you can ALWAYS look back in hindsight and validate the strategy" if I bought it when it was over sold here I would of made money". I am convinced Volume and the news/general economy knowledge are the only things you need to understand to be profitable. I am always interested in any indicators that may be useful though. +Ive been trading for 2 years now and at the beginning I was on the RSI MA EMA hype. Head and shoulders, crossings, all that shit. The more I think about it, the more I realize its completely rubbish. + +&#x200B; + +The one strategy in the market that makes sense to me after two years of trading is Auction market Theory and I only use BB and Volume profiles to trade this and its been the most successful period of my life trading. + +[https://www.lightspeed.com/active-trading-blog/an-intro-to-auction-market-theory/#:\~:text=Auction%20market%20theory%20is%20a,and%20all%20the%20available%20information](https://www.lightspeed.com/active-trading-blog/an-intro-to-auction-market-theory/#:~:text=Auction%20market%20theory%20is%20a,and%20all%20the%20available%20information). + +&#x200B; + +The thing is with technical indicators, you can ALWAYS look back in hindsight and validate the strategy" if I bought it when it was over sold here I would of made money". I am convinced Volume and the news/general economy knowledge are the only things you need to understand to be profitable. I am always interested in any indicators that may be useful though. +Ive been trading for 2 years now and at the beginning I was on the RSI MA EMA hype. Head and shoulders, crossings, all that shit. The more I think about it, the more I realize its completely rubbish. + +&#x200B; + +The one strategy in the market that makes sense to me after two years of trading is Auction market Theory and I only use BB and Volume profiles to trade this and its been the most successful period of my life trading. + +[https://www.lightspeed.com/active-trading-blog/an-intro-to-auction-market-theory/#:\~:text=Auction%20market%20theory%20is%20a,and%20all%20the%20available%20information](https://www.lightspeed.com/active-trading-blog/an-intro-to-auction-market-theory/#:~:text=Auction%20market%20theory%20is%20a,and%20all%20the%20available%20information). + +&#x200B; + +The thing is with technical indicators, you can ALWAYS look back in hindsight and validate the strategy" if I bought it when it was over sold here I would of made money". I am convinced Volume and the news/general economy knowledge are the only things you need to understand to be profitable. I am always interested in any indicators that may be useful though. +So I bought a car a year ago on a 6 year term with an interest rate of 4% and still owe $23k on it. I have 24k in savings, 20k of which I had originally planned to set aside as my official emergency fund. My question is would it be smarter for me to simply pay off the entire car and start my savings from scratch? + +My plan was originally to set the 20k emergency fund aside and begin saving towards a down payment for a house which I would start looking for a year or two down the road. Paying off the car would set all that back to zero but I'd have no debt. I have no student loans or credit card debt. + +I make 50k a year and was also planning to start contributing to my employer 401k. My biggest gripe is that I'm in my early 30s and feel like I'm so far behind in savings. I graduated college late and started my career at such a late age also. Any input from you guys would be grateful. + +EDIT: Sorry I meant is it better to have savings or 0 savings and 0 debt. + +EDIT 2: I am not struggling to pay this car note or make ends meet so my concern is not that I have overbearing debt...it's just don't feel comfortable owing money unless it's like a house. I also don't feel comfortable having no savings. So for those saying to sell the car because I'm way over my head and can't afford to make the payments I'd tell you that's incorrect. Sure maybe I got a car pricier than I should have for my income but it by no means is killing me, I'm still saving month to month as well. + +Lastly, RIP my notifications...this blew up and I wasn't expecting that lol. + [u/SelfWealthAus](https://www.reddit.com/u/SelfWealthAus/) + +You got some explaining to do cause I wanna sell your dog stock. + +Why the fuck International Trading taking so long? + +Why is your UI/UX so bad, nobody cares about some half baked Facebook feed. + +Stake has a gorgeous and simple UI/UX just copy that. + +Are you ever going to get options trading if you do eventually get International? + +Why is the company not marketing itself toward the younger investors the would be Robinhood crowd of Australia, the website looks like what a Boomer thinks a young investor wants. You could be fucking killing it if you just found a middle ground between the currrent product, Stake and Robinhood but instead it looks like a mid 2000-s chatroom with the shit avatars. + +Please mate I have faith but wtf is going on, is this company run by boomers or what? +Would truly appreciate your input regarding whether it's financially wise (or unwise) to spend $200k for college. Created this throwaway account given that I'm sharing financial info: + +**In a nutshell:** + +\---- Married, both 48, low cost of living, aiming to retire at 56 + +\---- Net Worth: 2.7m (house included which is paid for $300k value). 400k in non-retirement accounts + +\---- Total annual income: $175k (secure jobs) + +\---- Total number of kids: 1 + +So..... my son is about to apply for colleges. He wants to go into business consulting (he's wanted to do this for a long time). He wants to apply to the Ivy Schools plus some others (e.g., Vanderbilt, Duke). He'll apply to 'safety' schools as well. From what I've read and what he has told me, business consulting (McKinsey, Bain, Boston) is one of the few industries where the prestige of a school actually matters both early in career and (to some degree) later in the career (though, MBA matters most later career). He has the grades, test scores, and extra curricular activities to be competitive for these high-level schools in terms of admission. + +Our goal is for him to not graduate with loans (or very low level of loans). These are the kind of schools that only give need-based aid primarily, not merit aid. We'd qualify for some need-based aid, but not a lot (according to colleges' net price calculators). + +**My question:** Given our financial situation above (I realize it's not detailed, but broad brush strokes), are we crazy to spend $200k for a college education? State school would be about half. + +Part of me thinks it's absolutely crazy to spend that kind of money, especially when our state school has a very good business program (but, the top consulting companies do not recruit there). On the other hand, I keep thinking to myself that we only have one child while other parents are spending on college for multiple kids. + +Thoughts? Any issues I should consider. Are we even close to a financial level that warrants spending this kind of money? Any experiences you can share that are similar? + +&#x200B; + +\---- Including this post in a couple different communities to obtain thoughts. +im 27 ( 9 years late to the game ) and i have 0 investment going on but im going to start after reading so much from warrant buffet and many youtubers saying i should start early, like right now. + +i got 230k from savings by working since i was 16 and received some inheritance from my family. I dont have any debt and i didnt went to college. + +heres my plan: + +1. max roth ira first, or th both roth ira + traditional ira ( 3k each ). Not sure which one is better for my case. + +2. put 10k into a savings account for 3-6 months of expenses + +3. put 2k into another bank account for daily living expense and car/house insurance + +4. rest into index funds ( sp500, us total stock, international total stock, and bonds ). Although im not sure what bonds are out there but bonds seems to be in everyones porfolio. + +&#x200B; + +please tell me where i can improve or correct, no troll comments please. + +&#x200B; + +thank you. +Now granted, I will readily admit that while I think learning Excel is a great start, when it comes to changing careers having connections you can use as referrals is *the* most useful help. But that being said, I am constantly amazed how many people (a) work with Excel but don't know how to use it and (b) how many positions exist out there looking for someone who can comfortably use Excel. + +While more and more technologies seem to come along to try and replicate what Excel is doing, it seems like Excel is still *the* go to software for data analysis for businesses. Being comfortable with Excel and knowing how to take large quantities of data and turn it into meaningful tables/visuals seems to be a skill that businesses are looking for in so many roles. + +The best part is, there are so many resources for learning Excel for free online. Apart from the ability to look up specific skills there are websites that will even provide structured courses and data files to accompany them--it's awesome. ([Leila Gharani](https://www.youtube.com/channel/UCJtUOos_MwJa_Ewii-R3cJA) is my personal favorite for specific skills and there's even [a ton of reddit topics](https://www.reddit.com/r/excel/comments/2qzea6/what_is_the_best_way_to_learn_excel_online/) already about trying to find good Excel sources.) + +And while it might seem daunting to apply for a new job in a new field, if you can provide actual evidence of your abilities to do cool things in Excel, that can go a LONG way to helping make your point. + +If anyone has any questions about data analysis or using Excel, I really would be happy to help! I just got done reading the post on the front page entrepreneurs motivational speeches and it just made me so angry because it's annoying when people just say things like *"You just gotta grind more"* without actually providing useful suggestions. So, this is my useful suggestion: learn Excel, make some cool projects that show what you can do, and use that to leverage yourself into a new career if you'd like! +Bonus, this is in a crappy neighborhood and advertising a breath taking remodel https://www.redfin.com/WA/Seattle/9040-3rd-Ave-SW-98106/home/476091?utm_source=android_share&utm_medium=share&utm_nooverride=1&utm_content=link +I was always laughing at meme coins, because there is usually no intrinsic value behind them. I got into HOGE early with only around 100$ a few weeks ago. It was a joke to me, just play money. However, ever since then the community has evolved. What started with a website that barely contained a few words, now evolved into a quite beautiful community contribution. + +**What makes HOGE unique?** + +The community. I have been in a lot of projects, mostly serious, but also a lot of junk, where I quit quickly. Almost nowhere you find such an engaged community that actually goes out and promotes the coin and creates value (memes, NFT, posts like me). We all own a piece of HOGE and the community is what makes it succeed! If it wasn't for the community, this coin would be worthless... There is no professional dev team behind HOGE. This is a community effort and everyone can and has to contribute within his/her own merits! + +I believe that this coin can reach DOGE and do so very quickly in this bull run. The community momentum is crazy and I am just a small part of it with this post! If you look at what HOGE has achieved in just a few weeks from literally nothing, the sky is the limit! + +**Tokenomics** + +* There are no whales [\[1\]](https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607#balances). Nobody owns more than around 0.5% of the supply. +* Each transaction burns 1% of the value and distributed 1% to all holders. Currently about 0.25% growth per day just for keeping it in your wallet! That's 250% growth per year... Over half the supply was already burnt this way, in a couple of weeks. +* The liquidity on Uniswap is locked for months [\[2\]](https://unicrypt.network/amm/uni/pair/0x7fd1de95fc975fbbd8be260525758549ec477960) and locks will continously be extended. +* Dumps get eaten in seconds. Just watch the DEXTools for a bit [\[3\]](https://www.dextools.io/app/uniswap/pair-explorer/0x7fd1de95fc975fbbd8be260525758549ec477960). + +**Why is HOGE a moonshot?** + +* The token burn will drive the price up over time. 500bn tokens have been burnt just by people transacting on Uniswap in the past few weeks. In a couple of more weeks, instead of 1 trillion HOGE, there will be only 100 billion HOGE and this will continue halving itself quickly. +* HOGE started to explode a couple of days ago with no end in sight. This is not a pump and dump. This is sustained growth over days, we are still eating every 20 ETH dump within seconds. +* DOGE is the benchmark for HOGE. All we need is to continue our momentum and add more people to the HOGE army. DOGE and HOGE don't fight, they are brothers and its fine to invest in both! +* HOGE is DeFi and NFT and meme. We have several projects in development that will build upon DeFi and NFT elements, while the community keeps creating memes like there is no tomorrow. + +**How can I participate?** + +* Join our telegram: [https://t.co/WX8kiUaUGZ?amp=1](https://t.co/WX8kiUaUGZ?amp=1) +* Join our reddit: [https://www.reddit.com/r/hogefinance/](https://www.reddit.com/r/hogefinance/) +* Print your own HOGE NFT until end of today: [https://www.hogemint.com/](https://www.hogemint.com/) +* Visit our website: [https://hoge.finance/](https://hoge.finance/) +* Hold the HOGE you buy +* If you like, help spread the word! We are all in this together... + +**How can I buy HOGE?** + +They have a good description on their website, also there is a link [\[5\]](https://app.uniswap.org/#/swap?slippage=500&outputCurrency=0xfad45e47083e4607302aa43c65fb3106f1cd7607) that just sets up Uniswap with everything. however I will just summarize: + +1. Go to Uniswap: [https://app.uniswap.org/](https://app.uniswap.org/) +2. Click "Select a token", then "Manage" at the bottom of the dropdown, then the "Tokens" tab +3. Enter the HOGE contract address `0xfad45e47083e4607302aa43c65fb3106f1cd7607`. Please do your own research and verify that the address you paste is correct (check their website, check the stats on etherscan). +4. Now select the token you want to swap from, default is "ETH" +5. Enter the amount you want to swap +6. Enter a slippage of 5% +7. Click "Swap" +8. Use "Fast" gas fees for metamask to make sure your transaction goes through fast enough for 5% slippage. +9. Own HOGE! + +**Will HOGE be on exchanges?** + +It is already on WhiteBit, however I have no experience with them and I can't recommend them. The community is trying to get HOGE listed on other, more popular exchanges, give it some time. Uniswap works perfectly fine for now, just give it a try and take your time, it's worth learning... Watch a tutorial about how to use Uniswap [\[4\]](https://www.youtube.com/watch?v=dcZ7kVC2-6g&t=49s). + +\[1\] Holders: [https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607#balances](https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607#balances) + +\[2\] Liquidity Lock: [https://unicrypt.network/amm/uni/pair/0x7fd1de95fc975fbbd8be260525758549ec477960](https://unicrypt.network/amm/uni/pair/0x7fd1de95fc975fbbd8be260525758549ec477960) + +\[3\] Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0x7fd1de95fc975fbbd8be260525758549ec477960](https://www.dextools.io/app/uniswap/pair-explorer/0x7fd1de95fc975fbbd8be260525758549ec477960) + +\[4\] Uniswap tutorial: [https://www.youtube.com/watch?v=dcZ7kVC2-6g&t=49s](https://www.youtube.com/watch?v=dcZ7kVC2-6g&t=49s) + +\[5\] Uniswap setup to buy HOGE: [https://app.uniswap.org/#/swap?slippage=500&outputCurrency=0xfad45e47083e4607302aa43c65fb3106f1cd7607](https://app.uniswap.org/#/swap?slippage=500&outputCurrency=0xfad45e47083e4607302aa43c65fb3106f1cd7607) +I’m 22 years old and make 73k a year. I’m 15% of every paycheck into a Roth 401k with a 6% match. My monthly expenses for living come out to around 1500 when considering rent parking utilities. I’m expecting to have multiple promotions in the next 5-8 years which is my time horizon to buy a house. Ideally I’d like to skip the starter home and get my home home around 30 years old. What I’m planning on doing is investing X% of my paycheck into an investment account and buy various etf / mutual funds in order to save up for a down payment. I’m curious if anyone has additional ideals / advice. Thanks! +A friend told me that Ken Griffin of Citadel Securities lied under oath. When I watched the congressional hearing I also had the impression that Ken Griffin of Citadel Securities lied under oath — while reading off a teleprompter. Some other friends also suggested that Ken Griffin of Citadel Securities lied under oath. + +The other day I went to buy some mayonnaise, and the vendor said that Ken Griffin of Citadel Securities lied under oath. Sitting at a table I overheard a couple discussing whether Ken Griffin of Citadel Securities lied under oath, and they both seemed to agree that Ken Griffin of Citadel Securities lied under oath. + +It almost seems as if Ken Griffin of Citadel Securities lied under oath. +I was reading a website and they recommended comparing different dividend ETFs to find stocks to research for a self-managed dividend portfolio. + + +Please note, not recommending theses stocks, just stating they are the most cross listed stocks between the different ETFs. + + +**ETFs: XEI, CDV, XDIV, CDZ, HAL, ZDV, VDY, PDC, DXM** (how many funds it is contained within is in brackets) + + + +- BNS - financial (9) + +- BCE - comm. (9) + +- RY - financial (8) + +- CM - financial (8) + +- TD - financial (8) + +- TRP - energy (8) + +- T - comm. (8) + +- PPL - energy (8) + +- BMO - financial (7) + +- GWO - financial (7) + +- ENB - energy (7) + +- POW - financial (7) + +- SLF - financial (7) + +- SJR-B - comm. (7) + +- EMA - utility (7) + +- MFC - financial (6) + +- NA - financial (6) + +- CU - utility (6) + +- KEY - energy (6) + +- AQN - utility (5) + +- CPX - utility (5) + +- IAG - financial (5) + +- NTR - materials (4) + +- ACO-X - utility (4) + +- GRT-UN - real estate (4) + +- FTS - utility (4) + +- CNQ - energy (4) + +- BIP-UN - utility (4) + +- IGM - financial (3) + +- CNR - industry (3) + +- CHP-UN - real estate (3) + +- IPL - energy (3) + +- GEI - energy (3) + +- AP-UN - real estate (3) + +- SU - energy (3) + +- ALA - utility (3) + +- BPY-UN - real estate (3) + +- CWB - financial (3) + +- IMO - energy (3) + +- FTT - industrial (3) + +- CTC-A - consumer discretionary (3) + +- 19 cross-listed between 2: CIX, IFC, MIC, LB (financials), CSH-UN, REI-UN, SMU-UN (real estate), H, BEP-UN, NPI (utilities), NWC, MG (consumer discretionary), WCP (energy), RCI-B, CGO (comm.), TCL-A, TFII (industrial), OTEX (technology) + +- 28% financial, 17% utility, 17% energy, 12% real estate, 8% communication, 7% industrials, 5% consumer discretionary, 3% materials, 2% technology +On Investigating around 20 MFs there is a recurring choice of companies. + +1. ICICI Bank +2. Axis Bank +3. Reliance Industries Ltd +4. The Clearing Corporation of India Limited +5. Bajaj Finserv Ltd. +6. Avenue +7. Avenue Supermarts Limited +8. Infosys +9. TCS +10. Kotak Mahindra Bank +11. Larsen & Toubro Limited + +Why so much skewed and bent towards these companies and so much heavy weight on Financial companies? +With all of the GME/AMC craze over at WSB, I got kind of sucked into it. They're a crazy and funny bunch, but after spending some time there, my investment compass started spinning and I started to seriously question my sanity. It's like going to a wild party, coming home and then waking up with a huge headache in the morning, not knowing what the hell happened last night. I needed to remind myself about various investment theses and I am looking to rebalance. I thought I would share these thoughts in case it might help someone else as much as it helped me to put all my thoughts down on. + +20% - Canadian REITs. These got hit hard in March 2020 and their share price have not recovered much even though many of the larger REITs have good balance sheets, cash flows and rent collection. They are still massively undervalued, given that everyone is going out and buying houses and over bidding by 100k+, driving up the price of real estate in many major cities. The Canadian government wants to boost immigration, which is bullish for real estate. It's a nice time to jump in and hold for the long term. I don't use ETFs here since I have spent a lot of time analyzing many Canadian REITs. My favourites are HR.UN, IIP.UN, KMP.UN, SRU.UN, SOT.UN. + +20% - ARK Innovation ETF (ARKK). Cathie Wood's investment thesis is all about investing in disruptive innovation. Through her team's open research, they actively try to find companies of the future (before they become big) to invest in. I came to the game way too late (around December 2020). I admit I was skeptical about ARK. But after listening to Cathie's interviews and videos, I started to gain a lot of respect for her investment intellect and knowledge in the space. I also feel confident ARK is also watching & assessing the macroeconomics side of things and how it affects the companies in their portfolio's and allocating appropriately, as best as they can, which is worth paying the higher price for this ETF. For now, I would only stick money into ARKK and none of the other more specialized ones. I think ARK could do well in the next few years, but I am uncertain they will keep doing well in the very long term (decades). + +30% - US Total Market (e.g. VUN, XUU). Jack Bogle's thesis about being in everything and being diversified in your investments. The US total market ETFs hold over 3000 companies of all sizes and diversified in many sectors and types of businesses. If you look at the charts, the share price of this index has been rising since the US federal reserve started their QE program. They are obviously still doing it after the crash in March 2020, creating a huge amount of new money, and that is part of the reason why the US stock market has been going up fast. The US dollar is the reserve currency. The US economy is large and everyone is linked to it. Basically, it's diverse, "too big to fail", and has the backing of the fed & reserve currency. The fed will keep jumping in to prop it up (e.g. Great Recession, COVID pandemic) since retirees and pension funds can't be compromised too much by this index taking decades to recover. With their embrace of MMT (whether right or wrong), I don't see this dovish stance changing anytime soon. Why wouldn't you want to invest in this rather safe basket of equities? + +10% - High risk & semi-gambling. I think it's good to allocate a small portion to more high risk type of investments that don't have much correlation with the main index. These could be precious metals, miners, crytocurrency, YOLO/momentum stocks (shrooms, cannabis, DOC.V, NUMI, AMC, GME, etc.) at no more than 2%, emerging market stocks/etfs. + +20% - Cash. You always want to have some dry powder lying around in case of a massive black swan crash, or dips. The distributions from REITs can help replenish this reserve every month. I think it would also help stabilize the portfolio a bit more. + +Currently, I have no allocation to bonds. I am also not close to retirement (still have 25 to 30 years) Interest rates are low everywhere so I don't think bonds are worth it for now. + +I am also a bit skeptical about investing in the Canadian market because there is a lot of oil & gas and financials. I get that oil isn't going away soon (heck they might even do extremely well once the pandemic is over and people want to travel), but wonder if institutional investors will start to move away from such stocks sooner than we think (market being forward looking). I get that the big Canadian banks are too big to fail, but I think many of them are behind the times (resting on their laurels & not treating customers right since I don't know anyone who actually loves their big bank)... Interest rates are also very low so they're not making much from lending. +In July of 2014 I accepted a healthcare IT position for a well known hospital. At the time, I had only 2 years of experience in the field and was fairly green. Since then I have learned an overwhelming amount through my various assigned projects and my skillset has improved dramatically. After lurking in this sub for several months, I became increasingly agitated by my employer's inability to revisit my initial salary, which I know was considerably lower than my coworkers. Coming to the conclusion that my salary would never increase without action from myself, I summoned the courage to talk to my boss. I demonstrated clear examples of how well I had adapted to the unique challenges of the job. It didn't take very long before he stopped me and said "You don't have to say anymore. Your work has been tremendous lately and we need to reappraise your salary." + +Unfortunately it took five gruelingly long months to get the last bit of approval needed through the awful bureaucracy that is my employer's HR, but I just received the news yesterday that it had been fully approved. Effective in 3 weeks, I'll be making $82,000 from $65,000, and staying with the same employer. I can't wait to up the percentage on my 401(k) and start putting more away each month. I'm still buzzing, and I'll always be a loyal follower of this sub! + +Edit: The response to this has been overwhelming. Thank you all for the kudos! +Hi everyone :) + + I would love to hear your experiences in how you split bills with your partner when one of you makes significantly more than the other…. Or how you grow your budget / savings in a smart way when more money is coming in than your used to. + +My partner and I currently bring home about the same amount, (after taxes, 401k, insurance, etc.). I do make a little more… so we split everything 50/50, except I pay a bit more in our mortgage. + +I’m up for a job right now where I potentially could be making about 50% more than that I’m making now…. Quite game changing for us. + +I really would love to hear how others manage this in their own households. We have ideas on what we would do… but please share your experiences! + +More info: +- nest eggs are taken care of +- 401k would be stepped up to be maxed out +- student loans would paid off more aggressively +- we don’t have any other debt aside from our mortgage and my 0% interest car loan + +Thank you! +Everywhere is reporting that Musk now has a "massive windfall that dwarfs any bitcoin losses" due to the sale of the TSLA stock to fund the TWTR deal, and as that deal is no longer going ahead, he's pockets the cash. + +I'm then reminded that some shrewd analysts suggested that the divorces of Bezos and Gates to their wives were actually cover to sell massive amounts of stocks without causing a run on their companies (Founders selling huge chunks of stock usually causes investors to shit it but can be explained away for personal reasons). + +I'm starting to think that Elon knows he's got a tough road ahead, the golden days of Tesla stock price are behind him and he's just liquidated massive amounts of stock at what will seem like a really high price in 10 years from now as all the big car manufacturers finally catch up and dilute Tesla's only real advantage (being first). + +EDIT: wow, RIP my inbox and thanks for all the comments. + +One comment in particular really seems to confirm the above suspicion: + +https://www.reddit.com/r/RealTesla/comments/uelztn/elon_musk_will_be_most_indebted_ceo_in_america_if/i6pobqe?utm_medium=android_app&utm_source=share&context=3 +Foxconn Technology Group company Bharat FIH, a top domestic electronic manufacturing services ( EMS) player and the largest mobile phone maker to market leader Xiaomi, has filed papers with Sebi to raise around Rs 5,000 crore via an IPO, people in the know told Moneycontrol. + +"The IPO will comprise of a fresh issue component of Rs 2500 crore and an OFS ( offer for sale component) of Rs 2500 crore," said one of the persons cited above. Another person confirmed the same. + +Both spoke on the condition of anonymity. Parent FIH Limited is listed in Hong Kong. +Moneycontrol has reviewed a copy of the 100 percent promoter held Bharat FIHs DRHP, according to which the net proceeds of the IPO will be used for- + + + Funding capital expenditure requirements towards up-gradation and expansion of existing campuses. + + Investment in Subsidiary, RSHTPL, for financing its capital expenditure requirements; + + Funding working capital requirements of the Company; and + + General corporate purposes. + +Kotak Mahindra Capital, Citi, BNP Paribas and HSBC Securities are the Investment bankers working on the IPO. Shardul Amarchand Mangaldas and S&R Associates are the legal advisors. + +[moneycontrol article](https://www.moneycontrol.com/news/business/ipo/foxconn-india-arm-xiaomi-phone-maker-bharat-fih-files-for-rs-5000-cr-ipo-7853821.html) +**Preamble:** The ability of Senators to trade stocks has been controversial from the start. The 2020 congressional insider trading scandal where Senators used insider knowledge to trade large positions in stocks just before the coronavirus pandemic crash was just one example where they used their privileged position for gain.  While there is scope for a lot of discussion regarding the legality/ethical aspects of this, what I wanted to know is + +**Did Senators beat the market and can I beat the market if I follow their trades after its been made public?** + +**Where is the data from:** senatestockwatcher.com + +Massive shoutout to u/rambat1994 for putting in the efforts to create this site and make the knowledge public. The website has data of Senator trading from 2019. While I could observe that all the trades may not be captured by the site, given that we have more than 9K trades to work with, I feel that we should be good from a statistical significance perspective. Also, please note that the data will contain trades done by senators who are not currently in the senate (Either they were in Senate earlier and now in the house of representative or another position of power which forces them to disclose their trades) + +While senators are supposed to [report the transaction within 30 days](https://www.citizen.org/article/personal-financial-disclosure-requirements-for-public-officials/), the median delay in reporting that I observed for the trades was 28 days and the average delay was 52 days. There were some outliers that pushed the average up and are most likely due to the fact that their broker might not report the trade to them immediately. + +All the trades and my analysis are shared as a google sheet at the end. + +**Analysis:** + +https://preview.redd.it/s9r7hqi3kay61.png?width=644&format=png&auto=webp&s=47c4662276a454b61da569f3f643b7c5218eb3f4 + +A total of 9,676 trades were made by the senators in the past two years. This analysis would be focusing on the stock purchases made by the senators. (The stock sales and the pandemic controversy can be a standalone analysis by itself). Out of the 4,911 Buy’s what I am really interested in is the 1,375 transactions which were over $15K. I decided on this cutoff as I did not want small transactions (<5K) to affect the analysis. The hypothesis being that if someone is putting almost 10% of their annual salary into one trade, they should be very confident about the stock. (I know that some senators are millionaires and this hypothesis would not apply to them, but adding their net worth would again complicate the calculations unnecessarily) + +**Results:** For all the stock purchases I calculated the stock price change across 3 periods and benchmarked it against S&P500 returns during the same period.  + +a.            One Month + +b.            One Quarter + +c.             Till Date (From the date of purchase to Today) + +https://preview.redd.it/ahvv5x25kay61.png?width=948&format=png&auto=webp&s=190eb917fc2689d2a5156d40ec50f803b5988ef8 + +At this point, it should not come as a surprise, but Senators did beat SP500 across the different time periods. But what I am really interested in is if it's possible to follow their trades after disclosure (after a time lag of 30 days) and still beat the benchmark. + +https://preview.redd.it/ldtd6ww6kay61.png?width=945&format=png&auto=webp&s=0aeefa934c23ab0b4ba988c20380e56f72e0e637 + +If you had invested in the stocks Senators bought, even after adjusting for the lag of disclosure, you would beat SP500 over the long run. My theory for this is that Senators usually play the long game and invest having a time horizon of more than a year as sudden short-term gains can put a spotlight on their trades. This gives the retail investors a window of opportunity where they can follow the trades and make a significant profit. + +Now that our main question is out of the way, we can really deep dive into the data and see some interesting patterns. The next question I wanted to be answered was which were the best trades made by Senators over the last 2 years. + +https://preview.redd.it/mae0ngf8kay61.png?width=624&format=png&auto=webp&s=5e052dde0f4e801f28bfc9bba2e3c7474dc18786 + +Brian Mast seems to be the frontrunner with making almost 100% gain in one month, investing in lesser-known companies. Michael Garcia also seems to have made it rain with his Tesla plays. But not all the trades made by Senators were successful as shown below. + +https://preview.redd.it/wfxap4q9kay61.png?width=624&format=png&auto=webp&s=152d4f443a4a7fc8fcae256f6824e6eddde6baf0 + +These are the worst trades made by Senators with Greg losing more than 80% of investment value within the disclosure period. + +But even Warren Buffet can go wrong on a stock pick. So, I wanted to know was who made the most returns over all their investments in the last 2 years. I only considered senators having at least $100K in investments and a minimum of 5 trades + +https://preview.redd.it/cmsj6jkbkay61.png?width=624&format=png&auto=webp&s=56fe38d2ab186d34e1952131a0e1983254d5dea6 + +John Curtis made a whopping 95% average return on his investments. All the top 10 Senators comfortably beat the market return of 26.4% during the same investment period. The next thing I looked at is the Senators that had the most amount of money invested in stocks during the last 2 years. + +&#x200B; + +https://preview.redd.it/e06c1s8dkay61.png?width=624&format=png&auto=webp&s=09e02e536f8127b72e942da9fce19f1bdb468ce2 + +The top 3 senators as shown above invested more than $15MM over the last 2 years and were also able to beat the market at the same time. + +Finally, this leads us to the last question of which were the most popular stocks among U.S senators + +https://preview.redd.it/1wx93kvfkay61.png?width=624&format=png&auto=webp&s=1136fdc3f26b04a1be2a50091ca5c52b8bb50cd3 + +As expected, big tech dominates the investments but what was surprising was the skew of investment towards Microsoft which had more money invested in it than the rest of the top 9 put together. One important thing to note here is that except for Antero, the rest all the companies have a $100B+ valuation. + +**Limitations of analysis:** There are multiple limitations to the analysis. + +1. The time period of the analysis is 2 years during which the market experienced a significant bull run. So, the results might change in a market downturn/recession +2. The data has been sourced from senatestockwatcher.com as parsing the data from the official government site is extremely difficult. All the recorded transactions have a pdf of the disclosure linked to them (you can find it in the google sheet). I have made my best effort to QC the data and make sure there are no false positives. But this might not contain all the transactions made by Senators. +3. There is no disclosure for the exact amount of money invested by Senators. The disclosure is always in ranges (e.g., $100k – $200k). So, for calculating the investment amount, I have taken the average of the given range. + +**Conclusion:** + +This analysis proves that Senators indeed get a better return than the overall market. Whether it is due to insider trading or due to their superior stock-picking capability is something that can’t be proven from the data and is left to the reader’s judgment. I intentionally left out the party affiliation of the Senators as I felt that it would bias the reader and was not the objective of this analysis. + +Whichever side of the political spectrum you lean-to, the above analysis shows that you get to gain by following their trades! + +Link to Google Sheet containing all the analysis and trades: [here](https://docs.google.com/spreadsheets/d/1Rg5jMYG-X4I7cidQylzCNc_UpJZGNhGrjAt7g0QkXYs/edit?usp=sharing) + +*Disclaimer: I am not a financial advisor* + +Edit: + +> There are two chambers in the legislative branch: Senate and House. Not all of these people are “senators” as you describe. + +I mistakenly classified all of the trades under the broad term of Senators! This is a mixture of trades done by both houses. So please keep this in mind while reading the post. Apologies again as politics is not really my strong suit. +Thermo Fisher (TMO): Leading Tools&Diagnostics company that compounded sales and EBIT by 17% and 29%, respectively, in the last five years, consolidating the $160B industry by acquiring smaller competitors and imposing rigorous efficiency measures. Current P suggests 6% organic growth (21-30E) and FCF g of of 7% / year (assuming OP leverage and 89% FCF conversion) but this excludes any acquisition potential in the industry. However, company's revenue vs. TAM is 15% so lot of acquisition potential in a TAM that is growing 3-5% /year. So, if we suggest 8% organic growth (21-30E) and FCF g of 10%/year, we get around 38% upside from current P of $562. +# VML first out of the gate + +^((others have to wait, each post is taking more time than expected)) + +**Contents:** + +1. Disclosure +2. Overview +3. What's next +4. When to buy +5. When to sell +6. Summary +7. The trade + +**1.** **Disclosure:** Not held ^(but should hold (?)) + +**2. Overview:** This is what VML's chart looks like as of today. + +https://preview.redd.it/n8v93r5iohs71.png?width=1333&format=png&auto=webp&s=683dc5905de73f1a347d4b5cc639b6b8e2bf79c9 + +This is what it means. + +https://preview.redd.it/gdzr23mjohs71.png?width=1343&format=png&auto=webp&s=5b9124e6d005fb1f31f203d9faf14765469ce943 + +All good growth stocks exist within a growth channel where prices oscillate between the ceiling and floor which are represented by the ascending 'parallel' green lines **(Item 1).** The longer the price stays between them, the more the share price grows over time. + +VML had a nice run from March 2020 to May 2021 where it experienced 1400%+ growth while remaining within the growth channel. + +However, it was clear that VML was near the end of its upward trend from the bearish divergence on the daily that had begun in Aug 2020 and first confirmed in Jan/Feb 2021 **(Item 6)**. + +* *The RSI (Relative Strength Index) is used to gauge price momentum, effectively how strong buying and selling is. The higher the RSI, the more buying. The lower the RSI, the more selling.* +* *Bearish divergence indicates the strength of an uptrend is weakening when each new high in the share price corresponds to weaker buying pressure and stronger selling pressure. In other words, as VML continued upwards, the amount of selling increased.* + +Generally when a stock enters the end of a trend, it experiences more violent price action. In this case, VML entered a hyper-growth channel **(Item 2)** evidence by the steeper floor in purple. The steeper floor indicates stronger buying momentum with dips in share price more aggressively bought up. This in turn may have lead to buyer exhaustion as VML buyers had 'used up' all their money. + +From May 2021 onwards, in line with a general risk off sentiment for speculative stocks, VML's share price lagged and reversed as sellers stepped in. Selling was so strong that VML exited the growth channel **(Item 3)** and instead found support on the daily 200 SMA. + +* *\[Investopedia\] A simple moving average (SMA) is an arithmetic* [*moving average*](https://www.investopedia.com/terms/m/movingaverage.asp) *calculated by adding recent prices and then dividing that figure by the number of time periods in the calculation average.* +* *In other words, the daily 200 SMA is effectively the daily moving average of the past 200 days of trading.* + +VML tested the daily 200 SMA twice before reversing to the upside but failed to breach the RSI downtrend **(Item 6)** before recently returning to the 200 SMA for support **(Item 4)** + +**3. So what next?** + +If we look at the history of VML, it has relied on consolidation at the daily 200 SMA before launching to new highs (see late 2019 and May 2020 to Aug 2020). If macroeconomic trends continue and commodities continue to rerate or VML finds more stuff in the ground, we could certainly see VML recommencing it's upward journey to **12.5c** (**Scenario 1**). In this scenario, it will probably try to enter the growth channel again but expect heavy selling as the former floor that acted as previous support is now resistance. + +If China lets Evergrande implode and global markets sell off in fear, then there's nothing stopping VML from falling through the daily 200 SMA to the weekly 200 SMA at **1.7c (Scenario 2)**. + +In my opinion, Scenario 2 is much less likely than Scenario 1. + +&#x200B; + +https://preview.redd.it/fgl7ul65whs71.png?width=1339&format=png&auto=webp&s=c6faf03154bf515dfd3c1994a08f00d83d8fc3be + +**4. When to buy** + +Not when VML is at ATH. + +In the short term, VML presents a good buying opportunity with MACD turning up **(Item 7)** which indicates a reversal from downward to upward momentum and **Item 5** which indicates daily RSI is near the bottom, resting on a support. Both of these indicate VML will go up in the short-term. + +&#x200B; + +https://preview.redd.it/gdzr23mjohs71.png?width=1343&format=png&auto=webp&s=5b9124e6d005fb1f31f203d9faf14765469ce943 + +Whether it *then* continues to go up and how far up it goes is dependent on fundamental news as explained in Section 3. + +**5. When to sell** + +Certainly not now when RSI and MACD are indicating a share price reversal to the upside. + +In an *uptrend*, look for signs of bearish divergence and buyer exhaustion. Also look for important price levels such as ATH at **9c** where profit taking is expected. + +Alternatively, if RSI breaches the support line **(Item 5)**,MACD continues further to the downside **(Item 7)**, or 200 SMA daily is breached **(Item 4)**, I would be derisking (not necessarily selling all) my position as this would be the beginning of a *downtrend*. + +**6. Summary** + +VML has had a nice run. It took a break after failing to maintain bullish momentum in May 2021. Future looks good but is contingent on positive news for the stock which may push VML to new ATHs. Price action is currently consolidating around the 5c to 7c area with some short-term upside. + +**7. The trade** + +Buy at **5.7c** and sell at **9.0c** for 58% profit. Free carry if you wish (sell 63% of your position at 9.0c and hold the rest) + +Tight stop loss at 5.3c but beware price manipulation from stop loss hunting. + +# Feedback is appreciated and always happy to answer questions about TA etc +In the space of about 4 months I’ve ended up paying an extra £180 a month with various bills and food/fuel prices. That with stagnant wages, my ability to save is severely hampered. I’m basically saving next to nothing, I’m young in my career and I know it won’t always be like this, but damn it’s frustrating and disheartening feeling like your existence is to pay bills at the moment. +I found this factsheet for Vanguard, but I find it difficult to to understand, link: + +https://institutional.vanguard.com/iippdf/pdfs/FS964R.pdf + + +Edit: The reason I am linking the factsheet is because they are thin on how one can invest from outside US +All bills paid on time, a little able to go to savings, writing my business plan bc I finally have time. It feels so good and just wanted someone to tell since I don’t really have anyone in my life who’d be proud. +Hello. + +Quick background, I was kicked out at 17 for my behavior around drugs and money, but seven years later I find myself 3 years clean and sober and with 6k in my checking and 1.5k in my savings with the local town bank. I have good credit and a credit card I use sparingly. I was working in the service industry full time until I was laid off due to covid. I will be receiving my B.S. in psychology next year and am viciously putting myself out there to get out of the service industry and find a job as a mental health counselor or a medical scribe (which probably won’t happen until covid is through, could be a year of unemployment I’m looking at). + +I live in MA and we have a robust unemployment system, and I’m receiving weekly benefits consistently for now. Furthermore I receive tuition remission due to my mother’s employment at the college I attend. We are also on good terms now. + +What can I do with the 7.5k I have sitting in my bank accounts? I was thinking of opening an index fund or an IRA with fidelity and letting them manage what little I have long term to at least begin to build a baseline that will grow on its own. My mother doesn’t give me money, but she supports me indirectly via tuition remission without which I would not be able to attend college. My only form of income now is unemployment, which isn’t something to rely on long term (nor do I want to rely on it long term). I’m kind of lost as to how to even begin doing anything remotely responsible with my money aside from living frugally and not touching it (which I’m good at). Any tips would help, and I hope you are all staying safe during these crazy times :) + +TLDR: 7.5k sitting in my local bank checking/savings accounts. How do I start building long term stability? +I know the stimulus is paid for using debt... but given that, who is getting richer and poorer in terms of purchasing power as a result of it? Is the stimulus actually redistributing claims on goods and services? Is it buying stability now at the price of massive inflation tomorrow? What exactly is the *meaning* of these extra dollars that are being borrowed and given away? +For supply and demand to be a [Law](https://en.wikipedia.org/wiki/Scientific_law) it must be true that supply curves are upward sloping and demand curves are downward sloping. But this isn't the case, as demand curves can at times not slope downward Veblen or Giffen goods/behavior for example. Economists in contemporary times like to make the argument that in general supply and demand does apply despite not always, but that precludes it from being an actual law compared to say, the Conservation of Energy or Universal Gravitation. + +Does this highlight the way the discipline shares a place with so called 'Soft' or Social Science rather than Natural Sciences? +Today has probably been one of the worst days of my life. I'm 17, just graduated from high school, and now I've been kicked out of my home by the very people who gave me life. I'm homeless because of my sexuality, something that is beyond my control. I don't know where I'll be sleeping tonight and I don't know where life's road will lead me. I'm scared, alone and broke. I don't have a shoulder to lean on, money to buy food or a pillow to lay my head against. I never thought that this would happen to me. Does anybody have any advice? Unfortunately, moving back home isn't an option right now. I'm at the public library writing this right now, so prompt responses would be greatly appreciated. Thank you so much. + +Update: Wow! The amount of outpouring love and support that I have received from this post has been incredibly heart-warming. Reading your lovely messages has given me comfort in this time of crippling uncertainty and destitution. So from the bottom of my heart, I just want to thank every single one of you who has taken the time to listen and to help. Yesterday, I felt so lost and alone; as if I was a speck of dust in a world that was sure to consume me. But today, I've found hope. I've found the will to keep trudging on despite adversity. I apologize for not updating this post sooner as I have been busy trying to get in contact with my uncle and haven't had access to the internet. Although he is uncomfortable with my homosexuality, he has provided me with warm meals and a place of refuge until I can get back on my feet. At any rate, I am safe and will be fine. I will be starting my job hunt tomorrow so everything seems to be coming up roses for the time being. Once again, thank you all so much. This community of people is truly great. Btw, I have received a flurry of messages and will try my best to respond to as many as I can :) +Many posts here urge the community to really consider their "why." Why are you pursuing financial independence? For so long, it's been easy for me to say, "I hate working." But when I shared that with people in real life, I was met with confused looks. "It doesn't seem like you hate working," many people would respond. And it didn't feel all the way right to me. I don't really hate working. In my jobs, I have had opportunities to directly help people and improve their lives. I have changed systems and operations for the better. I don't hate that. + +What I hate is the performance required. I hate the charade of working 8.5 hours even when it's not necessary. I hate that half hour that has to be unpaid because of lunch. I hate having to consider the optics of your decision to work a different schedule, take a three week vacation, or having a long lunch. I hate the endless meetings and documentation required to assure everyone you are, in fact, working. I hate the contests people have with one another on who is skipping lunch, who is coming in early and staying late, and who can't take vacation. + +It's bullshit. It's inefficient. It's unnecessary. And so that is why I want financial independence. To free myself from bullshit. +A newbie here, I have been reading about investments and listening to podcasts as well. And there's this one advice that everyone mentions of 'save for your rainy days'. + +As much I understand the need to have an emergency fund, I'm not sure how to go out about. Does one put that in FD? Save that in another account? Make shorter period investments? + +I'd really appreciate if I can get some advice here. + +Thanks in advance. +For the past year I have been reading about the "bubble" of ETFs (e.g. https://www.google.ie/amp/s/amp.cnn.com/cnn/2020/08/18/business/passive-etfs-stocks-gold-bonds/index.html). Many have compared it to the 2000 and 2008 bubbles but I don't see how they could be related: + +- The dot-com bubble was about overvalued tech companies, we are in a similar period but I don't see how this could impact the ETFs more than the stocks themselves. + +- The CFD bubble was jumpstarted by the people not able to pay for their mortgages. I really don't see anything similar happening to the ETFs market. + +My question is about the risk of ETFs vs Stocks. What is the inherent risk of the ETF itself? Let's say SPY, CSPX etc. I'm not talking about the risk that comes from the loss in value of the underlying index. I'm talking about the risk of the fund management themselves. + +Is there any additional risk that must be considered when buying ETFs over stocks? Is there any way in which an ETF could fail (by a lot) in replicating their underlying portfolio? In particular I'm interested in physical replication ETFs. +My sister and her two kids were watching my birds this weekend at my apartment. The older (12) decided it'd be fun to break into my office and get on my computer. When I returned from my weekend away I found the door was unlocked and the computer on. + +&#x200B; + +Long story short, the little bastard spent around $4,000 at places like LuckyLand. + +&#x200B; + +I know it's probably not a lot of money to some of the folks here, but that represents months of effort on my part. I just don't know what to do. My sister can't afford to pay it back. I can't imagine I can dispute the transactions with my bank since it'd lead back to her son. I doubt any of the places he spent my money are going to care. Is my only option to just live with it and grind again? I feel like I'm answering my own question, just figured it couldn't hurt to ask for advice. + +&#x200B; + +Update - Yes, I know I'm an idiot. I had things written down that I shouldn't have. I live alone and didn't expect my nephew to break into my office. I had played on luckyland through Facebook at some point and that's where he accessed it. I have some issues with short and long-term memory from living years with an undiagnosed neuro disorder. I write things down. I already feel quite stupid for trusting my family. No need to blame the victim is all I'm saying, believe me, I blame myself enough. + +&#x200B; + +Update 2 - Thank you all for the kind messages and words of advice. I've sent an email to the support staff and provided details of the fraudulent transactions. Unfortunately they need a bank statement reflecting the times/dates before they can go any further and since this all just happened I don't have one to provide yet. + +As for my sister, yes, she's the kind of person that most of you think she is. If I'd had any other options I'd have taken them but the trip was last minute and important. Her son is already entitled to the point that I've found him trying to put the gamecube and games I had in storage in her car the last time they had visisted. She at least chewed him out over that. She was the baby of the family and treated as such... in fact when I turned 18 my father took me to BestBuy to open a credit card so he could purchase a present for her... then followed that with a trip to Lowe's to do the same so he could refurbish the house. + +Sorry, this rant could go on for a while. I was just trying to illustrate that some of my family can't be helped... and if I can't help them the least I can do is avoid hurting them. I know that's not the path a lot of you want me to take... you want me to file reports/sue/prosecute. I get it. Believe me, it has it's appeal. Especially considering I'm probably going to wake up every morning for the next few weeks wondering what the hell happened to my money and reliving this nonsense again and again. + +I may not be able to respond to everyone. I just wanted to say thank you for caring enough to message in the first place. Oh and I can't believe how many password management tools exist, you all have recommended at least 10 so far, blows my mind lol. +I recently got into economics and while studying the Solow model, the main conclusion I got is to maintain economic growth technological progress is required. As far as I know, this crisis has led to increasing technological advances. + +In so a question has been bothering me, after we reach steady-state, would the economic growth be higher because of accelerated technological progress? Or is my reasoning flawed? +For example maybe you just bought SPY every month and reinvested, or maybe you held certain stock like T or KO for decades and watched it grow over time and you grew up. +The sideways trading days always make days like this more special; even if the stock gets shorted before market close. What makes it even more enjoyable is the fact that no major news organization mentions GME as it goes up 19% (so far). The DD is complete, and there are several other facts that prove to me that MOASS is inevitable, but the utter media silence truly speaks volumes. +The first and only rule of persuading people to invest in cryptocurrencies is **don’t**. + +We all want this community and the market to grow. I also understand that you want your friends and family to catch this *golden opportunity*. But persuading them to put their money in something they’re uncommitted to, **leads to FUD and paper hands**. + +Understand that telling them, “I earned X amount in X days” translates to “\[you could’ve\] earned X amount in X days \[but didn’t\].” In their minds. **You’re leveraging their fear of missing out**. Trust me, I would’ve loved to take the leap of faith back in 2016 when I found out about crypto. I didn’t and I’m okay with that because, this year, I took the opportunity. Today, I live with missing out on those gains because it was the logical decision for me *then*. So let them decide what’s logical to them *now***.** + +If you’re itching to share, then talk about it like a passion or hobby. Share the fundamentals: what it’s trying to solve; how it made an impact; what you’ve learned: what you’re excited about, share the good and the bad. Most of all, share with **zero expectations** that they’ll invest or even care. + +If you really believe in the value of cryptocurrency—the gains, opportunities, tech, and values—then let it speak for itself. It doesn’t need evangelists, it isn’t a religion; it’s a show, so grab your popcorn and sit the hell down! +Hey guys! hopefully this helps some of you on here! + +I’d just like to say me & my partner earn just £35k~ together and we work at a supermarket so the wage isn’t great, but we still get by very comfortably. + +Food is one of the biggest expenses most people spend their money on. We used to spend £80+ per week on shopping which is £4160 per year. I’ve taken some time to seriously delve into this cost and work out how I can cut it as much as possible. + +The obvious one is pack lunches… don’t just live off meal deals or greggs. + +It’ll cost you £3.50 for a meal deal for one day or £17.50 a week PER PERSON. +You could, instead buy things for a pack lunch and it would only cost you roughly £7 for the week. (This includes fruit). I make 10 sandwiches for each of us at the start of the week so there’s no faffing around midweek. They keep perfectly fine in the fridge! + +Now for the big one… dinner. + +The key here is to find 10-15 meals that are relatively easy to cook & you both enjoy eating. I have a few recommendations to where you can find recipes but I’m not sure I’m allowed to share them on here… once you have found these meals. Make a meal plan for the week! + +I know some people can’t decide on what they want for dinner today let alone 5 days from now, but this is the key to saving on waste. If you know what you’re going to be eating in 5 days, you can buy it when you go shopping and check dates to make sure it doesn’t go off by then. +Once you have this down, your food waste will drop tenfold and therefore shopping bills will too! + +I do things a little differently however. I plan meals 2 weeks in advance. And go for a large two weekly shops where I spend £60-70 each time but I also use clubcard+ and get the extra 10% off this shop. Then every other week I do a small shop which only comes to £15-20~. +I buy all the expensive stuff on the two weekly one so I get a higher discount. Our food bill has dropped significantly from £80 a week to £40 a week just because we plan our meals and don’t buy meal deals. +Married couple. +It took us 32 years to hit our first million net worth. Almost 2 yrs for the second million. Another year for the third million, and with the crazy market now, less than half a year for the fourth million. + +We are not superstar investors. Something tells me that easy come easy go, the market is too hot and flooded with liquidity. + +What are you guys doing to prepare yourself when things go sour? +I thought this [article](https://www.bloomberg.com/news/articles/2021-10-17/zillow-pauses-home-purchases-as-snags-hit-tech-powered-flipping) was interesting [after a post](https://www.reddit.com/r/realestateinvesting/comments/q4n9gx/wtf_is_zillow_doing/)from last week in this sub talking about Zillow buying homes for way over asking then selling them for far less then what they paid for them. Now it looks like Zillow has completely stopped their iBuyer program until the end of the year citing supply chain issues and too much backlog, that I'm guessing they can't reno+flip. + +&#x200B; + +Could this be the beginning of iBuyers across the country slowing down? That the iBuyer model might not be as profitable as some of the large institutions thought? Or did Zillow just simply over extend and now they need to deleverage a little bit to balance their books out? +Alibaba is a great business and will continue to grow for the foreseeable future. There are rumblings within China and significant changes are taking place in Chinese society. It is impossible to know what may take place and what this means for Alibaba. Some of it does make sense, because some people in China have made an obscene amount of money, and the govt is moving towards a more traditional socialist path requiring corporations to share their wealth with mainstream society. + +As value investors we accept that macroeconomics or geopolitics plays no role in our investing process as these are fundamentally unpredictable. + +Now, we must not forget what Mr. Benjamin Graham taught us - "A stock represents an ownership in a business, it is not simply a piece of paper that is traded again and again". + +The problem I have is with Alibaba's ownership structure. Specifically the VIE structure. + +Yahoo at one point of time owned 43% of Alibaba, and it suffered deeply because of this structure. + +***Brief history lesson: Alipay/Ant Group grew up within Alibaba and became China’s largest payments processing company (think Mastercard, Visa, Paypal, and Stripe all in one). It was for many years one of the most valuable parts of Alibaba. Then, only a few short years ago in 2011, Alipay was stolen from the US and European investors in Alibaba’s VIE structure when the founder and CEO Jack Ma unilaterally transferred 100% ownership of Alipay into a different company controlled solely by himself.*** + +***One of the shareholders hurt was Yahoo who were a big early investor in the Alibaba VIE, amassing a 43% stake. Yet, despite that very substantial ownership, Yahoo did not even find out about the transaction until months later. When they discovered what had happened, they were of course outraged and launched into legal proceedings.*** + +***However due to the VIE structure, Yahoo (and other shareholders alongside them) were powerless to do anything. They had no legal recourse. Yahoo owned 43% of the Alibaba VIE (Fake Alibaba), so it did not technically own any portion of Alipay at all. What Yahoo legally owned was 43% of a shell corporation listed in the Cayman Islands that had some (unfortunately illegal) contracts with Alibaba. And when it came time to enforce those contracts. they were unsurprisingly unenforceable. Let us be very clear about exactly what happened: Jack Ma took a company worth billions of dollars directly from under the nose of thousands of US and European investors in the VIE, and there was nothing anyone could do about it.*** + +***Yahoo were eventually given a pitiful settlement by Mr. Ma, he offered the VIE shareholders up to $6 billion when Alipay eventually IPO’d, a sum that undervalued the asset by multiples (the recent valuation was in excess of $300bn). Naturally, Yahoo shareholders were furious, and the CEO of Yahoo was fired shortly afterwards.*** + +***Yet, despite this recent, brazen, and high-profile theft, along with many others like it, thousands of investors continue to invest in the Alibaba VIE to this day (currently valued at over $770bn). This is even though there is absolutely nothing preventing the same happening again. Or indeed the same at any other VIE. Thousands of Western investors continue to eagerly invest billions in the very structure that has been proved to offer them no protection in the past.*** + +***Most people do not realize is that the stock they buy is not Alibaba but fake Alibaba. A shell company, but I am sure most people see it as a necessary evil. Something that is mutually understood by both the company and investors. The problem is that you are completely under the mercy of the Chinese Govt. in this matter. To date no one has been able to enforce this structure in China.*** + +***Investors simply have no clue what they are actually buying when they invest in Chinese stocks. They think when they buy JD.com or Alibaba stock that they own a percentage of the company, as they do in any US or European listed company – they don’t.*** + +***The reason is that under Chinese law, foreign ownership in certain (most) Chinese industries is prohibited. As a result, it is illegal for Chinese companies like JD.com and Alibaba to have any non-Chinese shareholders. Back in the early 2000s, as the China growth engine was really beginning, Chinese companies growing quickly looked longingly at the huge amounts of capital available in the US and wanted to access it. At the same time, US investors and Wall Street firms looked longingly at the huge growth rates in China and wanted to access that. But Chinese law prevented them both from doing so.*** + +***So, a structure was developed to circumvent Chinese law: the VIE (Variable Interest Entity). This is a structure that has been around for decades, first popularized here in the US by Enron to obfuscate assets and liabilities on its balance sheet (there is the first alarm bell…).*** + +***The VIE structure achieves the dual purpose of giving Chinese companies access to Western capital, whilst simultaneously allowing Western investors access to Chinese stocks. It does so by effectively saying two different things to each side: the VIE says to the Chinese regulator that the company in question is wholly owned by Chinese nationals, while the same VIE simultaneously tells the Western shareholders that they legitimately own that Chinese company.*** + +***We will use Tencent as an example to explain the basic structure of a VIE. Tencent operates in a sector on the ‘restricted list’ issued by the government. This list outlines which sectors are prohibited from having any foreign ownership. It is a very broad list, with general wording such that in reality the majority of Chinese companies are barred from any outside ownership.*** + +***So as a result, Tencent cannot sell its shares to any non-Chinese investors. But it can circumvent this law using that VIE structure.  Without getting into complex legalities, the VIE works as follows; Tencent creates a Cayman Islands listed shell company (no real business, no office, no employees), which it also calls Tencent. (For simplicity from here onwards we will refer to the actual Tencent as ‘Real Tencent’, and the Caymans shell company as ‘Fake Tencent’) Once Fake Tencent has been setup, Real Tencent then creates a complex web of legal agreements that serve to give Fake Tencent a claim on the profits and control of the assets that belong to Real Tencent.*** + +***(Note that there is no recognition of any actual ownership, just a claim on the profits and indication of an element of control)*** + +***Fake Tencent now owns as its only asset these contracts and agreements. Fake Tencent then lists itself as a company on the NYSE, selling shares to investors under the name ‘Tencent’. Wall Street banks take in millions of dollars in fees to list Fake Tencent, and hundreds of investment firms and investors invest billions of dollars into buying shares of Fake Tencent. Bear in mind, the whole time the Western investors are buying stock in a company called ‘Tencent’ that appears to simply be the Chinese company. Fake Tencent appears to have control over the assets and a right to the profits of the real Tencent in China, even though in reality it is just a shell company with no real assets or business.*** + +***This structure has been repeated over and over for hundreds of Chinese companies, such that there are now vast numbers of VIEs listed on NYSE and NASDAQ, with the total amount invested well into the trillions of dollars.*** + +Coming back to Benjamin Graham's thesis, I would like to ask people something and would want their honest answer, if you were able to buy 60% of Alibaba(the money is available), would you gain a controlling interest in the business of Alibaba? You would not. This is not an arrangement where the Chinese and foreign investors look the other way and get things done. It is dangerous. It may very well be that Alibaba's stock price goes up next year and those who buy it now make a profit, but I would not own it, because to me a common stock is an ownership in a business and the stock listed is not Alibaba, it is something else. Buying it would go against what it means to me as a value investor. I had bought Alibaba seeing it's business and the degree to which the stock fell, but I am mostly out of that position and will sell the rest very soon. I must say that I was swayed by other value investors buying, especially Charlie Munger and allowed my brain shortcuts to hit buy. + +Another cognitive bias is looking at Alibaba and seeing how great it is as a business, but beware! you are not buying Alibaba, you are fooling yourself. The market regulators have not done their job well and I hope these Chinese stocks will be delisted ASAP. + +To those who have been able to read this far, I should say that this is my personal opinion of BABA stock, and if a friend asked me for my advice I would say that I would not own it. We value investors who think that we are different and we can be contrarian, but I think we are also capable of 'Groupthink' and can allow our brain to be biased when we see the stars in our group do something, 'the follow the leader syndrome'. + +&#x200B; + +***The highlighted parts are from the following article*** + +[https://gci-investors.com/chinese-vie-structure-wall-street-continues-to-ignore-the-risks/](https://gci-investors.com/chinese-vie-structure-wall-street-continues-to-ignore-the-risks/) +RMCF (Rocky Mountain Chocolate Factory). They sell chocolate and confections in their own stores, and partner with places like Coldstone Creamery. I've owned a piece of this company for maybe 7 or 8 months. It's been in the ditch, badly. For a while, it was not entirely unreasonable to be in the ditch. Retail was more or less closed indefinitely and we didn't know how COVID was going to sort itself out or what the government's of the world intended to do. But the thing is, it was (in my view) fairly priced before COVID was a thought on anybody's mind. It's got a solid track record of earnings, suitable fundamentals, and no particular reason I could see why it should be priced sub $4 a share, so I took a position. It had a kerfuffle with a flower delivery place that went bankrupt and might lose some of it's receivables due to that (2019) and perhaps some forward sales. Not great, but shit happens. That's a one time charge, not a permanent impairment. I bank on management generally being intelligent enough to move past these kinds of problems, find sales elsewhere and try to avoid a repeat in the future. + +The last few days, after being as low as $2 this last year and hovering around $3-4 range basically all year, it has jumped to $6 almost overnight. What's changed? There's nothing I know of in the news, besides Valentine's Day coming up shortly. As far as I know, that's not a surprise. It happens every year. In fact if earnings were to continue the next 10 years something like the last (mostly .50 to .75 cents range), it's fair value is probably safely closer to $8-9. At their worst year (pre-covid) the earnings easily warranted a $2 price tag in my view, as their worst year was 2020, at 17 cents. Who knows what the future will bring, but this was a deal that was available throughout all this exuberant pricing (dating back even to my estimate of fair value during the first bout of prices running up in 2019). + +For instance this is the diluted net earnings data I use for RMCF starting 2020 back ( 0.17 0.37 0.50 0.58 0.73 0.61 0.68 0.24 0.62 0.62 0.58 0.60 0.76 0.71 0.61 0.51 0.37 ). + +This is a good example of the irrationality of prices in the stock market, at work. The business cannot have been worth $4.25 a share Thursday and be worth 40% more today. Business just doesn't work that way. Did people who have never eaten chocolate before suddenly get an insatiable craving for chocolate? + +Keep your eye on the prize, shop everyday. Something somewhere is always priced wrong. Occasionally you will understand enough about the situation or it will be obvious enough to safely take advantage. ***Do your own research and make your own decisions.*** +Hi, I would love to actually make a living while analyzing companies the value investor way. + +I don't want to be an asset manager, I want to be an analyst. + +I have no trouble working hard to one day get there but I don't know if such opportunities even exist. + +When I look for jobs, they all require financial modeling, Excel, data science. + +Is not that I don't like those things, I work as a programmer actually. It's just that I don't think they are valuable work for investors. I want to work in the down-to-earth, cerebral fashion of classic value investing. + +What are your opinions? Is it possible? What should I strive for? + +I am 24, Bachelor in Business Management from a reputable Latin American University, I speak five languages including Chinese, and I have published investment analysis articles already. + +EDIT: I didn't mean to offend anyone that enjoys using Excel and mathematical models for investing. It's just that I think an excess of financial modeling and DCF obscures most of the uncertainty inherent to the investment process. + +Value investing is not about exactly pinpointing the future and your risks, but roughly estimating them and asking for a discount on capital for those estimations to carry a margin of safety. + +That's why complex mathematics is bad for investment. Models give the idea of certainty when one has to have the opposite mindset: the future is uncertain, inherently. + +My point, however, is that I don't want to work with that. What I like is reading SEC filings to the smallest detail, investigating the company websites and all the info I can find about the company, its competitors, its lawsuits, its managers, etc. + +What I meant with "cerebral" was more "of qualitative nature, rather than quantitative". That is, obviously containing numbers, but only as rough estimations. I like more working with concepts, learning about business models, history, cultures, and then taking very qualitative conclusions from all that knowledge. + +I don't know if that job exists. If I had to give it a name it would be something like forensics? Li Lu has referred to it as akin to being a reporter. + +EDIT2: [Just take a look at Li Lu's books recommendations](https://uploads-ssl.webflow.com/5ef3c7300432b40ed865991a/5f08fb64066bae2514ad82da_Li%20Lu%20Recommended%20Book%20List.pdf) . Not a single mention to any mathematical related book +# The Algo +## How profitable? + +Makes a 20-30 pennies every hour off a $300 investment. + +## How long has it been profitable for? +2 days since the last update. It's been consistently profitable. + +## Average Losses? +Looses 10-25 cents every 5-6 trades makes that much in the other trade. Position sizing is key. Limiting risk is key. + +## Does it scale up? +Not sure yet, need to record a lot more data. + + +## Is it done? +Far from it, my sample size is tiny but it's nice to finally have an algo that doesn't just burn dollars. Inspiration is at an ATH. + +# The process + +## Backtesting Strategy? +Building a full-on simulation that incorporated position size, bid ask spread etc for an actual solution was waay too much work. For backtesting I didn't mess with any of that, I ran regressions off my signals, checked coefficients, R values and Jarque Bera tests. Then tested live with a smallish amounts of capital. ( 500-1000 dollars) + + +## Machine learning +Learning all about machine learning helped me be a lot more successful in my day job, and lead me to understand stats, jupyter notebooks and the works. Vector calculus is fucking cool. Note I didn't have a strong math background so I had to learn a lot, I still don't have a good math base. "What one fool can do another can" + +For actually trading, however, Machine Learning just lives in the land of overfit or useless. Myalgo works off of logic, statistics rather than AI. I'm sure it will be useful in someway but not in the way I expect it to. + +## Useful things +Understanding probability, distributions of events, Standard deviations don't mean jack if your data isn't normally distributed (It's not) But start estimating skews and kurtosis and you're getting further. + +## Day Trading + +DO IT! Nothing feels as intelletually usless as day trading does while being simultaneously useful. Find a friend, get some beers and compete for an hour, explain your logic for every move you make. Loose some real money. + + +# Misc + +## Stuff people will say to you + +### Don't you know the world's smartest people are doing this? How do you expect to compete? + +Fuck em, Motzart existing doesn't slow down amateur composers, in fact, it does exactly the opposite. Besides what sort of encouragement is that supposed to be for me following my passion? Again: "What one fool can do another can" + +### Markets are totally efficient. Everything is priced in. Let me lend you the Efficient-market hypothesis. + +No thanks, I already got the Econ major and my solid C average. I'm done reading unproven theory and speculation. - Note: The stats classes were useful, explanations of current systems were useful. I.e. The fed does X etc. Mostly useful for driving passion and interest. Everything else might as well have been inane ramblings. + +### Why don't you just take the losing algos and flip the sign? +Tried and tested. More times than I would like to admit. To quote the cunt: "Sounds good, doesn't work" + +### Rsi, MACD? + +No. Useful for manually day trading, might work if I was doing the same process in the algo: Long term trend is X and is probably overbought etc, how does the short term dip look. + +### Candle sticks? +Low & High are useful ish, open and close are useless all they do is sample two badly picked points. Consider constructing more telling candles: Little box plots, averages etc. + +### Approach to bid ask spread +Depends on maker-taker fees: Either know what you're doing or only place limit orders. Separate strategy from execution. + +### The hidden benefits +Almost everything I have done has been to ace the algos and along the way it's helped my work like crazy. + +#### Career growth + +##### Job 1 + I started off as a Junior accountant making 38k a year. (College grades right). Starting using python to do my job, Hooked directly into the SQL database. Started playing with data frames to handle data and the requests library & Selenium to do the job tedium. I learned all these tools because I figured they'd be helpful at some point in the algo trading. + +##### Job 2 +Got a job as a Data Analyst at 60k after 6-8 months. Learned about jupyter notebooks, matplotlib. Again self taught. Got way deep into machine learning (Predicting lead and customer rates, generating silly names from the customer databases etc) + +My boss in the job used to run sql queries, dump data into excel and provide averages I thought it would be more complicated so I made it more complicated. I learned a lot of SQL along the way. + +I went hard, learned everything I could. Went the extra mile, got in trouble with upper management for being too technical. Taught myself calc and then vector calc (I was really really bad at math before). + +What my boss did know was business processes and how to get done. That's what I learned from him and I learned as much as I could. Algotrading is logic, and understanding how things work, it's about being rational and a lot of the time it's doing the **'business efficient'** thing. Don't get distracted. Stay on task. That job was really helpful for staying on point. I automated everything I could in the job until the job became about doing statistical studies. Read a billion regression outputs. That was it. I could tell upper management what the average was and why it didn't matter if it wasn't stationary or if there were no actionable insights to be drawn from it. + +##### Job 3 +1.5ish years later: Financial Analyst 85k with mad benefits. I report directly to the CFO. They even provide lunch and cereal !. I'm 3 months in and I love the job. Probably not going to hop for a while unless something wild turns up, loads of room for growth. Getting deeper into finance, ratios, identifying problems, forecasting revenue, the works. This will help me in my quest further. + +*Other notes* + +- Hit the gym & meditate clear the mind yo. + +- Be interested in everything. Read that physics book, read the book on signal processing. Assign musical notes based on trades and *listen* to the market. Now learn music theory to try and make it sound good. Won't stop. Can't stop. + +- Don't forget to eat if you're going to binge code on a random holiday. + + + +Edit: Gym to other notes + +# The Algo +## How profitable? + +Makes a 20-30 pennies every hour off a $300 investment. + +## How long has it been profitable for? +2 days since the last update. It's been consistently profitable. + +## Average Losses? +Looses 10-25 cents every 5-6 trades makes that much in the other trade. Position sizing is key. Limiting risk is key. + +## Does it scale up? +Not sure yet, need to record a lot more data. + + +## Is it done? +Far from it, my sample size is tiny but it's nice to finally have an algo that doesn't just burn dollars. Inspiration is at an ATH. + +# The process + +## Backtesting Strategy? +Building a full-on simulation that incorporated position size, bid ask spread etc for an actual solution was waay too much work. For backtesting I didn't mess with any of that, I ran regressions off my signals, checked coefficients, R values and Jarque Bera tests. Then tested live with a smallish amounts of capital. ( 500-1000 dollars) + + +## Machine learning +Learning all about machine learning helped me be a lot more successful in my day job, and lead me to understand stats, jupyter notebooks and the works. Vector calculus is fucking cool. Note I didn't have a strong math background so I had to learn a lot, I still don't have a good math base. "What one fool can do another can" + +For actually trading, however, Machine Learning just lives in the land of overfit or useless. Myalgo works off of logic, statistics rather than AI. I'm sure it will be useful in someway but not in the way I expect it to. + +## Useful things +Understanding probability, distributions of events, Standard deviations don't mean jack if your data isn't normally distributed (It's not) But start estimating skews and kurtosis and you're getting further. + +## Day Trading + +DO IT! Nothing feels as intelletually usless as day trading does while being simultaneously useful. Find a friend, get some beers and compete for an hour, explain your logic for every move you make. Loose some real money. + + +# Misc + +## Stuff people will say to you + +### Don't you know the world's smartest people are doing this? How do you expect to compete? + +Fuck em, Motzart existing doesn't slow down amateur composers, in fact, it does exactly the opposite. Besides what sort of encouragement is that supposed to be for me following my passion? Again: "What one fool can do another can" + +### Markets are totally efficient. Everything is priced in. Let me lend you the Efficient-market hypothesis. + +No thanks, I already got the Econ major and my solid C average. I'm done reading unproven theory and speculation. - Note: The stats classes were useful, explanations of current systems were useful. I.e. The fed does X etc. Mostly useful for driving passion and interest. Everything else might as well have been inane ramblings. + +### Why don't you just take the losing algos and flip the sign? +Tried and tested. More times than I would like to admit. To quote the cunt: "Sounds good, doesn't work" + +### Rsi, MACD? + +No. Useful for manually day trading, might work if I was doing the same process in the algo: Long term trend is X and is probably overbought etc, how does the short term dip look. + +### Candle sticks? +Low & High are useful ish, open and close are useless all they do is sample two badly picked points. Consider constructing more telling candles: Little box plots, averages etc. + +### Approach to bid ask spread +Depends on maker-taker fees: Either know what you're doing or only place limit orders. Separate strategy from execution. + +### The hidden benefits +Almost everything I have done has been to ace the algos and along the way it's helped my work like crazy. + +#### Career growth + +##### Job 1 + I started off as a Junior accountant making 38k a year. (College grades right). Starting using python to do my job, Hooked directly into the SQL database. Started playing with data frames to handle data and the requests library & Selenium to do the job tedium. I learned all these tools because I figured they'd be helpful at some point in the algo trading. + +##### Job 2 +Got a job as a Data Analyst at 60k after 6-8 months. Learned about jupyter notebooks, matplotlib. Again self taught. Got way deep into machine learning (Predicting lead and customer rates, generating silly names from the customer databases etc) + +My boss in the job used to run sql queries, dump data into excel and provide averages I thought it would be more complicated so I made it more complicated. I learned a lot of SQL along the way. + +I went hard, learned everything I could. Went the extra mile, got in trouble with upper management for being too technical. Taught myself calc and then vector calc (I was really really bad at math before). + +What my boss did know was business processes and how to get done. That's what I learned from him and I learned as much as I could. Algotrading is logic, and understanding how things work, it's about being rational and a lot of the time it's doing the **'business efficient'** thing. Don't get distracted. Stay on task. That job was really helpful for staying on point. I automated everything I could in the job until the job became about doing statistical studies. Read a billion regression outputs. That was it. I could tell upper management what the average was and why it didn't matter if it wasn't stationary or if there were no actionable insights to be drawn from it. + +##### Job 3 +1.5ish years later: Financial Analyst 85k with mad benefits. I report directly to the CFO. They even provide lunch and cereal !. I'm 3 months in and I love the job. Probably not going to hop for a while unless something wild turns up, loads of room for growth. Getting deeper into finance, ratios, identifying problems, forecasting revenue, the works. This will help me in my quest further. + +*Other notes* + +- Hit the gym & meditate clear the mind yo. + +- Be interested in everything. Read that physics book, read the book on signal processing. Assign musical notes based on trades and *listen* to the market. Now learn music theory to try and make it sound good. Won't stop. Can't stop. + +- Don't forget to eat if you're going to binge code on a random holiday. + + + +Edit: Gym to other notes + + For all you young investors that don’t know where to start, first, read this post on how to get started, its pinned in this subreddit, and have gotten a lot of good feedback, it has a ton of good information and links **(**[here](https://www.reddit.com/r/StocksAndTrading/comments/lghevq/first_time_investors_if_you_dont_know_what_to_do/)**).** + +After you are done with that though, this is a letter I wish I would have received when I was 21-22 and going out into the real world and starting my career. First, a career is long, enjoy it as much you can, but have the goal of working for yourself, not for someone else. I heard the phrase ‘if you aren’t working for yourself towards your own dream, your building someone else's. After being in the workforce now for 5 years (yes I know it's still very young), it hits home harder than ever. In my opinion, the best way to build and eventually work for yourself is passive income. That's a fancy word that everyone wants in today's 2021 world. But let me explain how that ties in with investing and why you should start as soon as you can. + +Investing is something that you should seriously start as soon as you possibly can. 18? Awesome! 21? Great! 25? That’s good too. Wherever it ends up being for you, do it. There's going to be a ton of people that say you shouldn’t invest and you should hire a financial analyst/advisor to that for you. Yeah, sure you can, or you can really understand investing, compound interest, and the stock market so you can understand what they do, and how you could easily do it. S&P500, DOW, and Nasdaq all are indexes that go with the market, if you don’t know what that means, google ‘what an index is?’ right now then come back. These are the ‘safest’ you can invest in and should provide you anywhere from 6-12% year or year. If you have some seed money (starting money) in an account, let’s say 1000$, and then put $100 in that account and let that money compound, if you start that at 21 until your 62 that will be $521,000. And that's if you never increased the 100$ amount, as you grow in your career typically you’ll make more and can put even more in monthly to make that number grow even more. I wish I was told that when I was 21, and not 26-27. You really understand the power of compounding when you see numbers like that. + +So that compounding can set you up for retirement when started early and continuously put money in the account money after a month. You simply can just buy more $SPY shares each and every year from an app like Webull. Put $1k, and every month put $100 and watch it grow. Don’t look every day, or week, check-in every month at the very max, maybe even every 3 months. It will go up and down, but year over year it should gain that 6-12%. + +Okay, that’s awesome, but I want to retire in my 40s not when I'm 62! Yeah so do I and I think I’m on my way there. So how? Well this is where it becomes super unpopular, but simply put - educated guessing, or as most people call it - RISK. Every millionaire or successful entrepreneur hasn’t gotten there without RISK. Risk is different to everyone, some people think Bitcoin isn’t risky because it will replace gold, others think it's super risky and will go down to zero. I’m not going to tell you what to invest in or not invest in, but you should have a ‘pile’ for your risk investments. You have the understanding that this can go to zero, or it can go up 1000%. This isn’t something that you should bank on but it's something that could speed up your retirement rate. So what I would invest in? Well, that's up to you. But do your research, look into the company, the financials, and see where it could be in the future. If you are super young, you can take a risk and be wrong and still recover. If you are 59, I wouldn’t recommend the risk, so know where you are and base it off that. Check out the subreddit, pay for a stock service, if you need ideas but make sure you fully understand the stock so even if it goes to zero you had reasoning on why you thought it would go ‘to the moon’. + +Now, if you're here just for investing tips, that is where I wrap it up and bring in the business side of retirement. Working for yourself is something we all dream of, especially if we can work for ourselves from a beach. You have the risk investment, and compounding investments to start your seed retirement fund but you also need to create a wealth-building business. For everyone that is different. For me, that was websites. I was a web developer full time so I understand web development, SEO, and Google Ads. So I started doing projects around my local town, then I found blogging. I created blogs, got traffic, and now I get paid monthly because of affiliates and ads. It's similar to house rentals except for websites, and that is something I really liked. Blogging is something I enjoy and can do from wherever, so it's not completely passive, I have to write articles and keep the website up to date. But I can work from myself, it's scalable and I enjoy it. So what you can do is a blog, or find your passion and/or something your good at that you can charge for. From there, you hustle and hustle and hustle until you look at your income from that side hustle and it replaces your income. Then you focus on that, build it more, continuously build it, and soon it's doubled, tripled, or 10x’d your old income and that is when you made it. Your working for yourself, have investments working for you all the time and income that you can live off of and put into your investments. + +I'm not saying this is the only way to happiness or wealth, but I'm saying it's a format that anyone can follow. If you liked this post or the post I linked above, I'm starting a blog on young personal finance aimed to helped young professionals with their investments and just normal struggles through becoming an adult. + +Be sure to subscribe and check out my blog [here](http://www.youngindependentfinance.com/signup/)! Drop a comment below on what you loved and hated! Have a great day! +# Circuits of Value and Emblem Vault 🔒 + + +Emblem Vault is the first product of the **Circuits of Value ($COVAL)** ecosystem, it allows the wrapping of **multiple digital assets** (e.g. digital files, NFTs, crypto, games) inside a **single NFT** – enabling the creation of an **entire blockchain-agnostic wallet inside one tradeable token.** + +**Some use cases of this NFT primitive include:** + +Cross-chain Trading on Ethereum – This allows tokens from any blockchain to be traded for any other token using the Ethereum network. + +* **Atomic Swaps on Ethereum –** Trade multiple tokens from any blockchain in one transaction (think of gas savings). +* **NFT Trading** – Trade any or multiple NFT’s for any other NFT or multiple NFT’s. +* **Portable Liquidity Pools –** Hold multiple liquidity pools inside a token (e.g. Balancer, Uniswap) +* **Tradeable Portfolios** – Trade entire portfolios in one transaction (i.e. ETF’s) +* **Create Hedged Tokens** – Combine tokens inside an Emblem Vault to create a composite token. +* **Digital Entertainment** – Video, games, and music inside an NFT (anti-piracy). +* **Tokenization** – Tokenise real-world assets for supply tracking or trading. +* **Blind Transactions** – Send tokens to a Vault and hide contents within with a password, the vault can be traded many times but transactions will be hidden on-chain unless you have a password. +* **Store Encrypted Data** – Stored Value (e.g. gift cards), software keys, coupon code. + +[How to use EmblemVault](https://web.archive.org/web/20210318060431/https://web.archive.org/web/20210227214307/https://desktopcommando.medium.com/how-to-use-emblemvault-14ba241ca42a) + +**What are the Tokenomics?** + +**$COVAL is the utility token used for the purchase of products and services offered by the Circuits of Value ecosystem, it can be used for Emblem Vaults and future products. $FUEL is a utility token used within the Emblem Vault Platform for discounts.** + +*The total supply of $COVAL is 2B and the circulating supply is around 1.2B.* + +# Staking Plans + +They have some interesting plans lined up for the $COVAL token, one of which I can describe here. + +Imagine if you will an ERC20 token that allows you to deposit a token, and earn yield. When you spend your earned token, the equivalent of your deposited token will be burnt. You can later withdraw the remaining deposited token, keep your yield, but your balance of the earned token will be reduced by your withdrawal amount. + +This system will allow staking, and yield without withdrawing your earnings, so gasless on mainnet. Shadowstaking is another term. + +# Why should I care about Emblem Vault? + +The entire cryptocurrency space has taken the concept of “money” from a very small set of possible currencies all controlled by centralized governments, to an infinite set of possible ways to exchange value. + +The crypto space opens up endless possibilities for party-to-party exchange, almost like we have gone back in some ways to the days of bartering, where you could trade bananas for chickens and the act of building a barn for a horse (I might have been watching Little House on the Prairie recently …) + +But the problem with the barter space and the problem with the crypto space are the same: + +how do 2 parties quickly and efficiently negotiate how many bananas are worth a chicken, or how many hours of barn work are worth a horse, or how many chickens PLUS hours of barn work are worth a horse? + +And in the crypto space, how can I give someone a “composite” token, meaning that I use some of my BTC and some of my ETH and some of my Dai and some of my Tron in a single transaction? + +Currently, you CAN’T. In the crypto space, there is NO elegant way to exchange coins and/or tokens across multiple blockchains in a single transaction. Instead, one has to transfer BTC and then transfer eth and then transfer dai and then transfer Tron (and do that to 4 different addresses, and let's not even talk about fees). + +What the crypto space is lacking is a simple way to combine multiple coins and/tokens and exchange them as a single “store of value”. + +Enter $COVAL (Circuits of Value). Emblem Vault is a product of the Coval sandbox, born of the Coval ideals that crypto should be universal; fully exchangeable across blockchains, coins, tokens, countries, everything. + +Using Emblem Vault, anyone, anywhere, can combine currencies across different blockchains into a single “store of value” and then transact that “store of value” WITHOUT EVER MOVING THE INDIVIDUAL COINS/TOKENS until they are claimed and are ready to be spent at any moment. + +# The process looks like this: + +**Create a vault** + +**Put shit into it.** This can be any combination of BTC, ether, any ERC20 token, AND any ERC721 token. + +* **Send that whole combination of stuff as a single tx to anyone you want and however many times you want.** +* When the time is right, **the current owner “claims” a vault**, receiving the private keys for all included coin/token types, thus being able to import them into ANY crypto wallet and spend them. + +Try it for yourself. Go visit [emblem.finance](https://web.archive.org/web/20210318060431/https://emblem.finance/) and create one. + +# Quick overview: + +# Current price: $0.04 + +Market Cap: $49 Million + +[Buy on UniSwap](https://web.archive.org/web/20210318060431/https://info.uniswap.org/token/0x3d658390460295fb963f54dc0899cfb1c30776df) + +[Recent AMA](https://web.archive.org/web/20210318060431/https://hillbillydeluxe2020.medium.com/ama-circuits-of-value-and-emblem-vaults-founder-shannon-code-february-2021-cd4abb40040c)| [Website](https://web.archive.org/web/20210318060431/https://circuitsofvalue.com/) | [Twitter](https://web.archive.org/web/20210318060431/https://twitter.com/CircuitsOfValue) | [Ask the Devs](https://web.archive.org/web/20210318060431/https://t.me/Coval_Chat) +My partner’s under the misguided impression that depreciation and write-offs makes the cost of stuff magically disappear altogether and that he’s *saving* money by spending thousands on tooling & equipment he doesn’t even use (eg. welder that has never been out of its box since it turned up 2yrs ago, a plasma that is still on the delivery pallet a year later, etc.). Every time he whines his business isn’t running a high enough profit I point these purchases out but get told “they don’t count because they’re a tax write-off”. + +Are there any ELI5-style resources I can point him to that break down exactly how tax write-offs and depreciation actually work in Australia? +Hi Everyone, + +Just want to take a moment to say thank you to this sub for educating me so much over the past couple of years in my own journey to FI. So many of you have been a tremendous help. + +I’ve been through 2 big downturns (2001 and 2008). My advice is to stay the course through this. We’ve all been saying that we would, but the rubber is meeting the road now and we’re all going to be tested. In my opinion, this is likely to get worse which as you all know gives us a buying opportunity. It has the same feelings the other ones had in terms of fear. Anyway, I wish you all the best. Just remember that the market always recovers in time, + +I’ll leave you with this from our good ol’ buddy JIm Collins. + +https://www.youtube.com/watch?v=OOGU94eL07E + +EDIT: Thanks for the awards! +A lot of people on this sub are struggling. But I see the most generosity and kindness on this sub than in any other finance sub. + +I swear, when I visit personal finance, it's shocking how self-involved so many of the posts are. These are people with very high net worths. +Someone actually said once to me 'you don't get rich by giving it away'. + +Fair enough, but do you want to spend your life clutching at your wealth, so afraid to lose it, and that's all you end up valuing anymore? + +Most of the posts are just spewing numbers, people one-upping each other... + +The smugness of someone who has more than they need so screw everyone else is a theme in a lot of finance forums. It really sucks because there's good knowledge there too, but the smugness...the arrogance just weighs so heavily that I can't stand spending too much time there. + +It's strange how so many people feel they don't have enough, when they have a lot of wealth. In that mindset, I guess it justifies them never giving back or helping the less fortunate because there is no end-point for them. If they have 1 million, then they need 2 million really, for retirement to be realistic, don't you know? + +But I know here there's more people like me...if you make it out of poverty, you give back. You just do. Because you know what's it's like and what it felt like when someone helped you. You can't let wealth strip you of humanity, it's a bad trade-off 😔. + +Sorry about this post, it might be wine-induced. + +20M I currently invest $6000 per year into a RothIRA(managed by robo) and $300 per month through Walmart associate stock purchase plan. My expenses are extremely low, I scrape by roughly on $400 monthly and currently have a savings near $7000. I want to ensure an enjoyable retirement and that I will be able to provide education etc for my future family. What steps should I take to ensure that? Currently I am working towards a career job because pinching pennies will only get me so far and I’d like to improve my quality of life. Thank you for any responses. Happy Holidays 🎄 +This is not about $GME anymore, this is about setting terms straight: + +**Retail does not want to be manipulated anymore.** + +For decades Wall Street was manipulating securities, getting away with it, and blaming it on others. Through the media, bullshit target prices, naked short selling, or other forms of manipulation mentioned [here](https://en.wikipedia.org/wiki/Market_manipulation) (Kenneth, [this one](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca)'s for you). Citadel and many other MMs - don't misinterpret with Market Makers, we're talking about Market Manipulators here - got away with their dirty tactics to make shitload of money and screw people over. They finally got caught in their own game and tried everything to turn it around, but Shitron didn't work, the media didn't work, more aggressive selling didn't work. Now they're calling through some random crooks for regulations. + +**BULLSHIT.** Regulation for what? Exchange of ideas? Our own Due Diligence? Winning against you in your own game? Yeah, in most cases your buddies at the SEC would gladly do so if you tell them anyway. This time though? People finally came to the realisation what the fuck you guys are doing over there. It was known by many since 2008 but people forgot quickly, and now is the time to remind them that you are no one else's friend but your crooked buddies. + +I never thought I'd say this, but this community showed more leadership and guidance than any other media network. Providing knowledge, research, answers, many of you proven that **you are better people** than these fuckers with billions of dollars of AUM. You should be proud of yourselves as you are leading an unprecedented event in the history of finance. **Unprecedented.** This is why you should still guide others and be an example. Of course, we are not an entity and we will never be - just remember that you are a part of something great, maybe something that will change the way financial world operates, in a smaller or larger way. Remember that there are sharks among us who got pissed at the dirty games as well (shoutout to you Elon & Chamath). We are not alone. + +They blame us? Let's blame them. They will lose all credibility sooner than later, not to mention this incoming generation. The media is here now, you still might convince my 80-year old grandpa that the internet is something out of Pandora's Box, but soon enough you won't be able to convince a single person. We are an important source of information for many people, and I'm not talking about WSB, but about the people that make it. Let's go there in the world and spread the facts. + +Hence, dear Market Manipulators: + +***Do not mislead again. Do not manipulate again. Get your facts straight. Retail matters, and you will see it.*** +[I posted this post about 2 years ago](https://www.reddit.com/r/realestateinvesting/comments/iqhwhy/12_year_into_this_real_estate_game_what_ive/) and boy have I been a busy bee… My journey has changed a lot from when I first started and where I thought I was going to go. I’m not much of a writer, so I’ll try to break up my post as logically as possible (no promises, as I'm writing this in one-go and it's late). + +We can start with the easiest and fastest to cover…. + +**W-2 income:** I’m still currently working at the same job. Quitting isn’t looking like a near-term possibility, unless things rapidly take off investing wise (which may happen). However, I’m likely looking at beginning of 2024. + +**Personal portfolio (personal name and my single-member LLC):** I just closed on my most recent triplex a month ago, bringing my total portfolio the following: + +Properties: 9 / Units: 17 / Cost Basis: $3.1 million / Current FMV (Conservative): $3.4 million / Pro Forma FMV (still renovating): $3.7 million / Net Cash Flow per Month: $11k (pro forma - when fully rented) / LTV: 85% off cost and 77% off conservative FMV + +Lately my portfolio has been shifting to small multifamily in VHCOL areas around well-desired neighborhoods. Which is where I would like to ultimately end up with a portfolio of roughly a dozen or so properties self-managed with easy tenants. Currently I have three of these properties and will likely “househack” into one or two more before I settle down in a nice single-family house. + +My personal portfolio is a mix of househacks, turnkey buy and holds, and value add investments that I covered in my first post. Nothing much more interesting has happened in it other than a few new purchases. + +Now cut to the fun part. + +**My 50/50 partnership:** This is where things took a more interesting turn. My friend who originally got me into investing in real estate asked if I was interested in a deal he was considering passing on. I asked, why because it seemed like a good deal and he stated he didn’t want all the risk. I suggested we split the risk by investing together and our joint-membership LLC was formed. Our portfolio currently consists of 15 properties (8 value-add, 5 seller financing, and 2 turnkey buy & holds (although a little rough around the edges)). We’ve been at it for roughly 1 ½ years together now. Using the same metrics as earlier in this post, the portfolio looks a little something like this: + +Properties: 15 / Units: 82 / Cost Basis: $3.3 million / Current FMV (Conservative): $3.7 million / Pro Forma FMV (still renovating): $4.8 million / Net Cash Flow per Month: \~$23 – 27k (pro forma - when fully rented) / LTV: \~80% + +In the beginning we exclusively focused on value-add projects where we could force appreciation by renovating and then cash out refinancing on the higher ARV (lately, more commonly referred to as BRRRR). This method is great if you’re capital constrained. If you have a finite amount of real estate investing money that isn’t easily replenished, then I fully support utilizing this method. However, whenever you’re renovating there is a lot of risk and this process takes a lot of time. If you’re new to real estate investing, I can guarantee you that this methodology won’t be faster than 6 months per deal if you’re doing a larger renovation. We focused on deals that had an average margin of 45% after purchase, closing costs and rehab. + +We also turned our attention to seller financing, have 5 properties that we executed upon and two more that are very high probability and likely executing within the next 2-3 months. One of the interesting deals was finding a seller who had a 22-unit “portfolio” (4 properties) for $725,000. He owned the properties outright and we put down $30,000 with a 5-month term at 3% interest. Upon execution, we approached our lender who had them quickly appraised at $1.1 million and we got a loan for $870,000. Paid off seller and got a nice little paycheck in the process (along with a portfolio that nets $4k per month and hopefully $8k when we finish two of the apartments and hike on the tenants who are drastically below market). + +Our latest deal is currently under contract and it is where I see our partnership going in the future. + +We recently go an offer accepted on a small apartment residential building and instead of self-funding the down payment, we reached out to investors for an equity stake. We put together a model and 5 page pitchbook and sent out some emails, calls and texts. We filled the order pretty fast and still have a lot of contacts pretty hungry for real estate investing. So now we are currently aiming a little higher towards an 8-figure property that would be quite the feather in our cap. We’re also very interested in taking down larger apartment buildings and AirBnB’ing some of the units for the properties that are in larger cities with nearby employers, but that’s just a thought for now. However, syndications are definitely going to play a significant role in our future. + +We are still self-managing our personal and joint portfolios. We have a virtual assistant who handles tenant phone calls and routes work-orders to our contractors, but she requires a lot of handholding and we aren’t recognizing too many benefits from this. She also helps with some administrative tasks for property management and cold-calls potential leads. Property management has proved to be easier than anticipated, but our real problem (at least in my view) is staying organized financially especially since both of us still work at our W-2 job. Would love to eventually hire someone for this and a bookkeeper, but I honestly don’t know how to start. Will likely be diving into this in the coming weeks/months. + +The last post got a lot of Q&A after (mostly about me being in investment banking) and if we can keep it real estate related I'm all for it. I also don’t mind doing an unofficial AMA in comment section or providing any sort of case studies for previous deals. Whatever the sub wants (and that I have time for). + +**What I’ve Learned So Far:** + +**1.** **Other people’s money can be rocket fuel.** The number one hurdle I hear people talk about is not having enough capital to enter real estate and I definitely sympathize. The barrier to entry for a lot of people can be pretty daunting. My suggestion? Go find someone who is willing to give you money in exchange for interest or equity. If you’re looking at a “BRRRR” property, get a hard money lender to put up 90% and borrow the other 10% from someone you know that has money. If you’re looking at a turnkey, cash-flowing 4-family, find someone who is willing to give you money for the down payment for a 70% equity stake. Which brings me to my next point. + +**2.** **Get over being afraid to ask for money.** I hated borrowing money when I joined forces with my partner. Especially because our first few deals were pretty small and we could have easily self-funded the portion that hard money lenders wanted down. I felt like I was begging for money and it was so small that it looked pathetic. This way of thinking was absolutely wrong. Asking for money (even small amounts) allowed us to A. Build a relationship which proved useful for the larger deals we did down the road with those investors, B. provided them a service to diversify their portfolio and reap some nice hard money interest payments along the way, and C. allowed the investors to start small (which is what they wanted) because we were unproven operators to them. + +**3.** **If you want to go fast, go alone.** **If you want to go far, go together.** Partnering up was the best decision I could’ve made. I legit love my partner. Partnership, especially synergistic ones, can yield massive dividends for your real estate portfolio. Neither myself, nor my partner, (admittedly) could have done what we accomplished by ourselves in the same amount of time. Don't be afraid to find someone who compliments you and team up. + +**4.** **Don’t Just Do It (I’m going back on what I said previously).** I am no longer a believer that real estate investors should do any repairs, renovations or management. In fact, I’d strongly suggest that going forward, you invest only in properties that have high enough cash flow to pay for property management in order to free up your time to focus on revenue generating activities (acquiring more and more cash flowing properties). + +**5.** **Paddle your own canoe.** I said this before in my past post, but it warrants repeating. “Comparison is the thief of joy” - Teddy Roosevelt. Everyone’s story is different. There’s no need to be the king of real estate or on the cover of Forbes. I’ve seen some real estate investors who have carved a pretty spectacular life for themselves by owning a handful of properties outright. It's not impossible. +Just had a 30 minute debate with Nick from Fidelity trying to convince me why Fidelity is a better place to hold shares vs. Computershare. Went back and forth for 30 minutes trying to convince me that it wasn't going to do anything as not enough shares will ever be transferred. + +He also said, "I've had this conversation many times over the past 3-4 days and at least three out of four people decide not to after speaking with me." + +It's no surprised that they're trying to keep everything in their platform for the sake of their business, but don't fall for their FUD!!! You have every right to transfer them and they are wrong, we CAN make an impact if we do our part. +https://www.ft.com/content/ff83ed04-3bb5-444a-9af0-1b466201ef67 + +A senior Federal Reserve official has warned the US cannot afford a “boom and bust cycle” in the housing market that would threaten financial stability, in a sign of growing concern over rising property prices at the central bank. + +“It’s very important for us to get back to our 2 per cent inflation target but the goal is for that to be sustainable,” Eric Rosengren, the president of the Boston Fed, told the Financial Times. “And for that to be sustainable, we can’t have a boom and bust cycle in something like real estate. + +“I’m not predicting that we’ll necessarily have a bust. But I do think it’s worth paying close attention to what’s happening in the housing market,” he said. + +According to data released by the National Association of Realtors last week, the median price for sales of existing homes was up 23.6 per cent year-on-year in May, topping $350,000 for the first time. + +Rosengren said that in the Boston property market, it had become common for cash-only buyers to prevail in bidding contests, and that some have been declining home inspections to gain an edge with sellers. + +“You don’t want too much exuberance in the housing market,” Rosengren said. “I would just highlight that boom and bust cycles in the real estate market have occurred in the United States multiple times, and around the world, and frequently as a source of financial stability concerns.” + +He said the roaring housing market should be a factor as the central bank considers slowing or removing some of the hefty monetary support for the economy introduced during the coronavirus pandemic. + +The Fed has been purchasing $40bn in agency mortgage-backed securities per month alongside $80bn in monthly Treasury debt as part of its asset purchase programme. + +Fed officials are now beginning to discuss trimming that bond buying. And Rosengren said that “when it is appropriate” to begin that process, mortgage-backed securities purchases should be reduced at the same rate as Treasury purchases. That would mean the direct support to housing finance would wind down more quickly. + +“That would imply that we would stop purchasing MBS well before we stopped purchasing Treasury securities,” he said. + +James Bullard, president of the St Louis Fed, is among those who have called for the Fed to re-evaluate its support for the housing market against the backdrop of what he noted were broader concerns about a nascent bubble. + +Robert Kaplan, Dallas Fed president, has also advocated for the purchases to end “sooner rather than later”, especially given mounting evidence of financial speculation in the housing market. + +The Fed has said that it would begin reducing its asset purchases only once it had made “substantial further progress” towards its goals of 2 per cent average inflation and full employment. + +Given the rapid recovery, Rosengren said “the conditions for thinking about whether we’ve attained substantial further progress will probably be met before the beginning of next year”. + +The latest economic projections by the Fed showed central bank officials increasing interest rates from their current rock-bottom level in 2023, earlier than previously forecast. They also exposed a greater divide within the Federal Open Market Committee on the expected path of monetary policy than had been the case. + +“There’s a great deal of uncertainty in the forecast,” Rosengren said. “Some people are going to have very rapid growth [and] the conditions for tightening policy may be happening sooner. And other people are going to think that the recovery is going to be a little slower.” +The events of the recent week have highlighted issues that i have never considered, hence i have begun to re-evaluate my broker (Even if i was not personally affected by the buying freezes). + +As such i am looking for a EU-based broker that matches the services provided by Fidelity in the US. Thus, in addition to low fees, small spreads, decent margin etc. also have the following: + +\- In house clearing function. + +\- Does NOT limit my buy/sell orders. My current broker (Nordnet) has a 10% limit of last recorded market price. + +\- Has a securities lending scheme where the investor earns incremental income from shortsellers' loan of my stocks. Or atleast does not loan out my stocks by default. + +&#x200B; + +EDIT: After much research i have generally come to the conclusion that no EU-based broker can tick all these boxes. However, Schwab seems to have in-house clearing and offers a securities lending scheme, but their margin rate and trading fees are not optimal and seemingly requires a large deposit. Further, having included additional parameters such as trading fees, margin rates, etc. i have decided to switch to Degiro from Nordnet. +I’m 22 years old, I make about 800 weekly working with my parents, we’re immigrants that came to the US about 12 years ago. If you’re an immigrant too I’m sure you carry a lot of weight to make your parents proud and hope to make it bigger than they could. The thing is that we own a business that gives the family about 120k in gross income net worth comes down to 80k but out of that I’m able to make around 38k before taxes. The thing is that I don’t hate what we do for a living is just that is not my passion. I try but I can’t seem to see what else to do or how to invest my money. I don’t want to disappoint them by doing something else that I’m happy with. What would you guys do in my shoes? Where would y’all put your money in? I’m definitely trying the 50% 30% 20% but more like 70% 30% I’m in pursuit of FIRE thank you guys +I was close to my FATFIRE number before the market sank and could still low end FAtFIRE/chubby. Was planning on a couple more years to weather recession and get firmer footing. + +And suddenly looks like we are going to IPO and I will have close to double my net worth, but with a 5 year lock up. That is the shares will best over the 5 years. + +I am trying to find out how to think about when I would exit, knowing I may be leaving millions on the table. + +Is it just “once I win the game stop playing” eg I hit my original number? Or is there a real utility to the next million that is worth another year of my life? +Going to be lots of speculation on the NFT Marketplace, so I'll leave this small piece of advice for anyone reading the absolute amount of FUD out there regarding this topic. + +They're building a web based nft service, if anything, get them the practice they need for when MILLIONS want to use this service, cause it's going to happen. Not only that, but the more website traffic and free advertisement, the better. This company isn't about pushing its customer base away, they want more and they know what they're doing, and what they're capable of. Stepping into the industry myself, you have to be a workhorse to be able to withstand the WORK load provided by such a large project. They hired capable and willing people, because of you guys, who believe in the projects released by Gamestop. + +So with that said, you the people have to pat your selfs on the back for being able to help this come to fruition. Now,it's Gamestops' job and responsibility to decide what they want their customers to do with the products they drop, not the subs responsibility; you're here to enjoy the and provide some hard WORK for all the hard WORK you put in HODLIN over this last year! + +Please, you, the people, the creators, the players; If you feel that you can contribute in any way, give it a shot. Take those dragging knuckles, raise them up, hold your head high, and enjoy the new ability of NFT minting on Gamestops new NFT Marketplace! + +This is your time to shine! + +Buy Hodl DRS and welcome to big dumps in the Metaverse. + +Edit 1: To add for purpose of speculation - https://www.reddit.com/r/Superstonk/comments/roxwtq/microsoft_gamestop_and_the_speculatory_battle/?utm_source=share&utm_medium=web2x&context=3 + +I made a post prior to this speculating that Microsoft, the quiet tech giant, is in kahoots with Gamestop, Ethereum, LRC,(Potentially Alibaba), and Starlink, to upgrade their Azure Web Services, which Gamestop uses AzureWS in their storefronts, into a web3 integrated system that allows for minting. + +Now I know Bill gates has stepped down since last year for varied reasons, but one thing that does ring true with this man is this quote - "Content Is King" - and Microsoft as an entity abides by those words cause that is their business tactic. +I firmly believe something bigger is at play and right under everyones nose while every other tech giant is talking cheap. + +Also "time for pillow fights and 60's music" came the day after Microsoft announced its granted patent for helping companies under their web service mint their own tokens. + +Did someone say GMERICA? +Taking a moment to recap my journey over the past year or so. + +**Property 1:** + +Bought a 4-family in Jan 2020 for $240K + +Spent $160K renovating it as leases expired. + +Inherited tenants at $3,600 and current rent-roll is $5,400 after improvements. + +Ultimately appraised for $589K and refinanced the full 75% out ($442K), netting me about $20K at closing after fees. + +Trying to refinance this property was a 6-month long process. What a humbling experience that was. + +**Property 2:** + +3-family in the town over from Property 1. + +Purchased in September 20 for $215K. + +The Previous owner delivered the property with one renovated vacant unit. + +We filled that unit quickly and our current rent-roll here is 3,750 per month. The other two tenants have stayed in place. + +This place needs some work, but we're fixing things as they fall apart with cashflow. We have $40K in reserves to address most of the big ticket items. + +We haven't refinanced this property yet and I don't imagine we will until 1) the major improvements are complete and 2) the two tenants we inherited leave, which ultimately allows us to improve those units and re-rent them at a higher rate. + +**Property 3:** + +A 4-unit mixed-use building. First-floor commercial, and 3 residential units. + +Purchased in March 21 for $315K. + +We inherited this property with a rent-roll of $3,250 and we're now collecting $5,600 per month after some improvements + optimizations. + +We're in the process of refinancing this property with a commercial lender and believe we can achieve a 75% LTV at an appraised value of $600 - $640K. The value will depend on what cap rate they use. + +**Financing:** + +We used a mix of hard money, private money, and our own money to fund all of this. With our own money being the least of the three. + +In most cases, we used hard money to purchase, and private money to fund the down payment and construction. In one instance, we used seller financing to fund the down payment and private money to fund the purchase money loan. + +We used our own money in some instances to fund shortages at the end of the month to ensure we didn't fall below the bank's minimum account balance requirement. All of that has since been recouped. + +**Rehab:** + +No swinging hammers over here. We have some tradesmen we can rely on, but for the most part, we use a general contractor for most of our work. They're expensive but require very little oversight and get the job done quickly. So worth it. + +**Property Management:** + +I built a partnership with my property manager. I gave them 25% equity and pay them 4% on gross collected. In exchange, they do everything. To be honest, I've seen the 4-family property once and I have yet to see the other 2 properties with my own eyes. I just don't care to. + +Some of my peers have called me crazy for doing this, but I find this structure aligns interests and keeps my PM thinking like owners. The 4% barely keeps the lights on, but the 25% equity on what we've built is a good chunk of change. On our 4-family alone, it's almost $50K of equity if we ever decide to sell. + +My PM has \~50 units under management and they also brought me all 3 of these off-market deals and waived their "finder's fee / wholesale fee" on each. + +**Learnings:** + +First, this is fun. I've done all types of real estate investing in the past, from wholesaling to private money lending and large multifamily syndications. + +There's nothing like seeing your own BRRRR go full cycle. Owning an asset with no money out of pocket is the ultimate unlock. + +Delayed Gratification is a mother. It will take a while to build enough cash flow to quit my FT job, but the wealth being generated by equity pay down, depreciation, and appreciation cannot be overlooked. + +**The Horror Stories:** + +\- We've had to replace a $3,000 ejector pump twice because our tenants put weird stuff in their toilets. + +\- We have a tenant who hasn't paid rent since Jan 21 + +\- A rain storm caused a roof leak in a newly renovated unit. Wasn't too bad. + +In the grand scheme of things, these are blips in the radar. Don't get me wrong, they're incredibly frustrating in the moment, but if we hold these assets long enough, none of these expenses really move the needle. Also, we're into all of these properties for no money out of pocket and they all meet their debt-service requirement. + +This is \~1.5M free and clear in the next 25-30 years in exchange for other people's time and effort. It would take $1,000 invested per month compounding at 8% per year to achieve the same result... + +**What Did I Miss?** + +I left out a lot of detail. Not really sure what's of interest to people here. Let me know if you have any questions, and I'll be happy to answer. + +&#x200B; + +\-- EDIT 1 -- + +This post caught some attention. Thank you to everyone that left a comment. Thank you for the support and also thank you to those that are suspicious / critical of my strategy. It made me think twice about my approach and I'm happy to say I'm digging my heels in. I'm proud of what my partners and I have accomplished in such little time. + +Is it the best strategy? Probably not. Is it foolish / too generous? Probably. + +But it's all good. Because I'm not optimizing for money. I'm optimizing for time. 25% Equity is a small price to pay to get closer to the ultimate goal of true wealth, which (to me) means time freedom. + +In one of my replies below, I did the math on the equity we've built. + +I've generated $400K of equity for myself and $130K of equity for my partners. Hard to be mad about that. Especially when most of my time was spent thinking rather than doing. +(TL;dr) Today I went to work and it actually COST me money. Doh. + +EDIT: No. I didn't use $15 in gas. I spent $15 to add to my tank before I left. + +I've always had a weird relationship with money. Like, weird-weird. + +I never really paid money any mind- and trust me... it hasn't paid much attention to me, either. Being frugal, working hard, never seemed that difficult- and besides... It's RESPECTABLE to work hard. You see those kids who grow up and reward their single mom for working three minumum wage jobs- getting up early to walk to her job at the laundromat etc... As a single mom for the better part of 16 years, I felt it was my cross to bear. Not that anyone was particularly noticing or patting me on the back- but I trudged along working harder, not smarter. + +I have always been proud that I persevered. An overcomer! But now, I just feel plain dumb. + +Today, especially. + +I have a side job- delivering mail for the USPS as a relief driver on the rural route out here. I got a call yesterday that I was needed to run the route today. I said Sure.. like I always do. + +This morning, I was outside at 8:30am trying to start my car. Wyoming wind chill was -20 and my little car said no thank you. Got it cranked up- shoveled while it warmed up, and went to get gas. + +Picked up my load... 13 whole pieces of mail and 4 OMG heavy boxes with bags of ice melt in them. Loaded the car and drove about 50 miles on really really icy roads, coded orange for no unneccesary travel to an even MORE rural post office and some ranches scattered around. + +Now, USPS has a new rule... you can't back up for more than two car lengths. And I carry a scanner with GPS, so they can TELL. So every stop I made was covered with heavy, fresh snow- and hard to tell where the road started and stopped. Not conducive to my teeny little car making an 87 point turn around on, since I couldnt back up. Or worse yet.. getting stuck in the middle of nowhere with no cell service. So I packed the mail in by foot. On every stop. In "feels like -20 degree" weather. + +You know.. Through rain and snow and dark of night... whatever that saying is- This junk mail had to get THROUGH! + +After three hours of white knuckle, heavy praying, almost dying, certainly freezing.. scraping the windows on the INSIDE of my car... + Yall. I made $30. Spent $15 of it on gas, 50 miles on my car... + +$30 damn dollars. + +It reminded me of the email I got the other day... about how being too frugal can cost you money. Case in Point! + +Suddenly it doesn't feel so respectable any more. It feels stupid. Stupid stupid stupid. "I'll take "Anything for Money", please, Mr. Trebek." Naw. No thanks. + +I'm gonna find a better way. +Thanks for listening to my Ted Talk. LOL [brrr](http://imgur.com/gallery/iNKrqLF) +We just received notice that my employer is shuttering my group at the end of January, and will be laying off just about the entire team. People still employed on Jan 31 will receive two months’ severance. People who voluntarily leave before will not be entitled to any. I feel pretty confident I can find something by then, but would it be unethical to ask to start my new job in February so I can get that severance? + +Edit: thanks all for your input!! +MyCrypto is telling everyone that it's a rebranding; but it's **NOT** a rebranding because MEW still exists...and not all of MEW team is on board (or was even aware of this so-called 'rebranding'. This is the formation of a new company entirely. + +When a new company forms from an old one--regardless of the reason, you start from scratch with customers (followers in this case)...even if you advertise directly to the clients of the other company, it's your job to convince those clients to come to you as opposed to staying with the brand they know. + +The followers of MyCrypto never followed MyCrypto--they followed MyEtherWallet. This was a very dirty, backdoor move and seriously affects my ability to trust MyCrypto. So I for one am unfollowing @MyCrypto. + +I also think it's an excellent time for people to download the official Ethereum wallet until you learn which brand they can trust. +When the MOASS starts my biggest fear is some of you will see numbers in the hundreds of thousands or even low millions and yeah I'm sorry but that shit just ain't going to cut it. Since the start of this (first shares bought during the first squeeze.. fomo) I've been homeless twice, had to leave school, ended my relationship and got back together like 3 times, went starving for a couple weeks, fought with friends and family trying to convince them how rigged and fucked up the markets are... +Us damn dirty apes NEED to be greedy with this. + +I know I'm not the only one with these struggles and I know some of you are going through it worse than I have since the start of this.. I'm the opposite of greedy anyone of my friends and family will tell you.. but for this.. I will be one greedy MOTHER FUCKER! WE SET OUR PRICE AND ILL BE DAMNED IF IM NOT A MULTIMILLIONAIRE AT THE END OF THIS. + +I will literally not sell one fucking share until the share price is 20mil per share.. I don't care. Before it was "yeah I'll sell a few on the way up so I know I don't miss out on any money" but that's just not how this is going to play out, not for me at least. I'm done being scared. I've got my eye on a certain number and 20 a share will get me close.. I'm an XX holder and that number is way closer to 0 than it is 100. You need to be greedy for yourself your family and every damn dirty ape that came before you and got absolutely wrecked by this shit rigged system that's got us BY THE BALLS. Be greedy. + +I love you guys more than my words could explain. You're funny comments and the camaraderie has really gotten me out of some dark places this last year or so. As always buy, hold, DRS!!! TO THE MOON🦧🚀 + +NOT FINANCIAL ADVICE + + + + +** Ok I fucked up 20mil is way too low my bad! Haha God I love you guys I feel so much more confident going into this. 69mil a share it is!!! ** +I am a current undergraduate student studying mathematics and economics with a minor in statistics. I intend on pursuing a Master's in economics probably 2 years after graduation (so that I have enough time to save for tuition) with the eventual goal of working in monetary economics, either for the private sector or government (Fed). I spoke with a professor at my university who works on PhD candidate admissions for the university's graduate program, and we told me several things that I wanted to get verified by anyone who has been through this path: + +1. With my current GPA (3.4 cumulative, but slightly lower in math classes at a top 20 university in the U.S.), it is nearly impossible to be admitted to any credible Master's program, both in the U.S. and Europe. +2. A Master's in economics is only worth the money at an Ivy League (or similar-caliber) or British university (LSE, Cambridge, etc.). According to him, Master's programs in the U.S. are mostly in it for the money and less the reputation. +3. If I cannot get into such credible institutions for Master's, it is better to pursue a PhD at any school in the U.S, since PhD programs are much more reputable than Masters'. I am apprehensive about taking this route since I am not willing to commit 5-7 years of further schooling and do not want to go into academia. + +I am willing to accept that I do not have the numbers to get into an Ivy League or UK program, but I do not want my only other options to be a worthless Master's or investing several more years in a PhD that I don't feel vested enough for. I realize that working in monetary economics (and at the Fed in any capacity) kind of requires a postgraduate degree after a certain point. As far as the rest of my CV goes, I have significant research experience which I intend to continue after graduation and will have strong programming skills by the time I graduate with my Bachelor's. For anyone who has taken a similar interest, have you found these things to be true? +Since the lowest incone-earners of society are consistently losing purchasing power/real wages die to inflation, why don't we peg the minimum wage to inflation? Seems like it could maintain purchasing power for a decently large part of society, though I'm guessing it has something to do with getting in a vicious cycle of inflation? + +Thanks in advance! +I've studied marketing/advertising/sociology/social media studies etc. etc. and the #1 stat that has always stuck out to me is that the minority on social media presents itself as the majority. The ratio is something like, 95% of people just lurk, 4.9% of people comment and 0.1% of people create content/posts. + +Recently there was a post saying "why is everybody already talking about leaving". + +Newsflash. No "real" people here are talking about leaving. The reality is, the very tiny minority are leveraging their resources to make their voices heard. + +This community needs to start reading between the lines at the content being pushed to the top. Questioning the motives behind every single post and realizing that there are a lot very subtle posts here that are trying to massage this group into moving into a certain direction. + +Currently, it's very apparent that over the last few weeks there has been a growing effort to move this community off reddit. That effort is trying to do what it successfully did several times before. + +Split the community away from the OG sub + +Split the community again from the GME sub + +Split this community AGAIN into the jungle and other subs + +Now they're going for the kill and trying to push this community off this website into another one that no one will follow them too. + +So be resilient, trust no one, and when this community eventually succumbs to the overwhelming powers that be (I mean allegedly now reddit admins are nuking this subreddit slowly), ignore the noise, trust your fellow registered share holder, and continue to buy, DRS, and fucking hold. +I'm in a bit of a pickle. + +So I work in The Netherlands in academia. Full-time. The academic year ends on the 15th of July and then I have summer holidays until August 26. + +I got an offer for a different job in Germany, to start on the 1st of July. Full-time. + +The thing is, starting July, I really don't have much to do anymore at my job in the Netherlands, and I could easily let the two jobs overlap for July and August, receiving double pay, while de facto only working 40 hours. So I would gain 6500€ net out of this. After August, my contract in the Netherlands would just end, and I would continue my regular employment in Germany. + +I know there is EU law on double employment across borders, I've looked at it. It's not allowed to work two jobs like that at the same time. + +However, I don't have to move a finger for my Dutch job for that overlap time. + +Should I do it? It's not a permanent situation. + +Edit: Deleted question regarding legality. +Ok, girls, I have an explanation why short interest is reported to have fallen when in fact it has not. Its not data faking, its hedge funds hedging their shorts with calls and puts. Let me explain. + +Gary Black is a guy to follow. Not always follow his advice or take everything for granted, but he gives a good insight into how hedge funds think: https://mobile.twitter.com/garyblack00/status/1356253412103512065 + +Gary has the opinion, that short sellers have hedged their short position by buying ATM calls and selling ATM puts that match the share count of its short. Ok, so lets run through this scenario: + +1. Before expiration, the fund doesnt do anything, he has to pay the daily fee of the short interest on his shares and he loses value on his call as well as gains value on his put (because he sold it). This can draw out the short squeeze by month! +2. At expiration, if the share price is above purchase price, he can exercise the call, return the shares and the put expires worthless so he keeps the premium. +3. If the share price goes down, the call expires worthless but he buys shares with the put and returns these shares to close his short position. + +In scenario 1, the short interest stays the same as nothing happens. But I can totally see the statistics to **reduce the reported short position because it is fully hedged!** In scenario 2, the call seller has to find the shares on the market. In scenario 3 its the same, but this time the put buyer has to find the shares. + +**IN ALL 3 SCENARIOS, THE SHORT INTEREST STAYS THE SAME BUT THE REPORTED SHORT INTEREST GOES DOWN BECAUSE ITS SHOVED UNDER THE RUG OF THE OPTIONS TRADERS.** + +Which means, the statistics might be correct, but the true short interest is still the same as before! **THE SHORTS ARE NOT OFF THE HOOK!** + +No investment advice you monkeys! We have the shorts by the balls until they turn blue and fall off! + +Position: $GME at $19 and HOLDING! +My partner and I are at the stage where we are everything but married (live together, own a home together, pets together, tbh just need to go and find a ring). She earns considerably more than me, and next year I am making a career shift to journalism. Numbers are a bit foggy, but she’ll be on ~280k, and I think I’ll be lucky to be on 50k. For those of you have been in situations like this before, how did you decide to split things? Both turning 30, and I own my half of the house outright (she pays the mortgage on her end). +What technology, free or not free, makes your life easier? iPhone, Android, iPad, smart watch, websites... what suite have you created for yourself to enhance your economics experience? +Over the last week and a half, hundreds of you have submitted comment letters on the proposed rule 13f-2 that would require anyone who manages money to disclose their short positions. This proposed rule is good, but it can be much better! That's the entire point of the comment process - make sure that the SEC hears from retail investors, instead of just from hedge funds and big banks. We've counted almost 550 comment letters submitted that are either the [We The Investors](https://we-the-investors.org) letter, or modeled after it. + +**The deadline to comment on these proposals is Tuesday, Nov 1.** + +Yesterday we hosted a [Twitter space](https://t.co/98wzVA5RGY) and Reddit talk to discuss another SEC proposal that was re-opened for comments - 10c-1, which would mandate transparency and disclosure in the stock loan / securities lending market. This would be a huge step forward, and is receiving a TON of pushback from the usual suspects. + +For these rules, we've put up a [website with instructions on how to file a comment letter](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter), guidance on how to write an effective one, and with a [pre-written letter for 13f-2](https://docs.google.com/document/d/1XTRlWph6ZWWho8aocT-u3HwJERVjM3ZvTbCwuYGIfqk/edit). We've added a guide on that site to the 10c-1 proposal written by /u/tobiasdeml \- we don't have a pre-written letter for 10c-1 but you can use the guide to inform your comment. If you choose to file the pre-written letter, it should only take 5 minutes of your time and I urge you to do so if you agree with its contents. I've linked to the Google Docs version of the letter above, but there's also an [MS Word version](https://assets.website-files.com/619e87e78bd4839a1f4090fa/634981ca446cd718aa38c25c_WTI%20Comment%20Letter%20-%2013f-2.docx). If you just want to grab the letter and send it, the instructions are simple: + +* The subject line must include the File Number. For this proposal, you should use this subject: "Comment Letter for File Number S7-08-22 Short Position and Short Activity Reporting by Institutional Investment Managers" +* Attach your comment letter, preferably as a PDF (alternatives include Word or Text docs). +* Send the email to [rule-comments@sec.gov](mailto:rule-comments@sec.gov). + +Note: For the Google Doc, please don't request edit access. You can download the doc as a Word or PDF doc, or you can go to File / Make a Copy - I can't give edit access to that doc! + +One thing I'd like to address - I've seen a lot of cynicism in the comments of posts about commenting on SEC rule proposals. Personally, I completely understand cynicism around this process. It's a multi-year effort that doesn't usually get the results we want. Part of that is because individual investors haven't been involved in the process in the past, and that has allowed the PFOF brokers and wholesalers to claim to represent the interests of individual investors. I can assure you that when you allow that cynicism to dissuade you from being involved, that is exactly what those firms want - they want to control the conversation with regulators. As /u/JonStewart explained - those firms are counting on you to not have the stamina for this effort. I don't think they understand what they're up against. +My primary residence is assessed at $7mm and recently the neighbours listed their property for $3mm. + +My home was built in 2010 whereas theirs was in the 1970 so $3mm is mostly land value. + +I don’t need or have plans for the additional space. I’m not too interested in redeveloping it to sell so I’ll likely collect some passive income for the first couple years. + +I do believe the land value will rise and I’m currently able to combine both lots which I could see no longer being allowed in the future. + +I can finance for relatively cheap or cash offer. My current property manager would be happy for the extra business but I’m looking to hear perhaps why not? +Yeah that’s right, I fucking said it. + +I’ve noticed the FUD campaign has been shifting lately, It’s shifted towards calling al you retards actually retarded for buying GME at it’s height. While yeah, buying high and selling low is actually retarded, I am not disputing that. + +But what I’ve noticed is that no one seems to be mentioning the fact that Robinhood (and by extension the DTC) LITERALLY HIT THE ‘OFF’ SWITCH ON BUYS. That’s fucking right it was a great play before 28/1 even at 300 or 400. (If you bought at 300 after 28/1 you may actually be retarded) + +The FUD campaign (or general memory loss from all the weed stonks) has made most of you forget that WE WERE FUCKING ROBBED. + +Never forget that GME is not over. + +Never forget that we were ROBBED of millions of dollars, not only in evaporated gains, but in actual investments with hard earned cash. + +20@226$GME 26/1 + +Edit: DTC + +Lots of people seem to be understanding this post as saying GME will go up diamond hands etc. This is not what the purpose of this post is. + +The purpose of this post is to make people remember that this was not fair play. + +If all you retards calling me retarded and delusional could learn to fucking read, that be great. + +Edit 2: + +As a response to all the arguments that it wasn’t a great play purely based on the fundamentals. + +It was never about the fundamentals in the first place, it was a risky bet based on the incoming short squeeze that was purely stopped dead in it’s tracks because of the RH/DTC restrictions. +I’m asking this question because I have work over the years from minimum wage where I had nothing to now having 5-6k disposable income a month. (Software Engineer) Yet I still feel anxiety about not having enough money. I grew up lower middle class and early in my life, my parents were dirt poor. There was always a shortage of money for us. I guess I took on that anxiety as I got older and my wife says I need to relax but it’s difficult because I feel like we are behind and need more and more. What’s an average amount of disposable income for everyone else per month? Maybe hearing that others are similar to me could help with anxiety. Thank you + +Update: I’m actually referring to discretionary income. So after everything like bills and necessities are paid for. I’m sorry for the mistake. +I don't really see many economists talk about it. +Why do they not talk about it? +Is there something wrong with the calculation of it? +To be clear, I'm using the definition on the [Wikipedia page.](https://en.wikipedia.org/wiki/Living_wage) +So, I have some existing health issues, that I've had since birth. Technically I could probably get disability etc. but despite the seriousness of the condition, it has personally never affected me the way that it typically affects others with my conditions. Because of this, and because I never have had disability or restrictions on what I could do for work, I've never put it down when applying for jobs. + +Currently, I have just (last week) started a job that was very hard to get into, and is the first "real" job I've ever had. Pays very well, things like that. Problem is, a week before I started, I began having some issues/abnormalities with my condition. I called to make a doctors appointment while at work last week, told the nurse some of my symptoms and why I was making the appointment, and was told to go to an ER immediately. So I had to leave work a bit early, I informed everyone of what's going on, and being a real real job it was fine. It wasn't like when I worked in service industries or retail where it was basically, leave early or call off and you're gonna get fired. + +So my boss tells me "take as much time off as you need". Well, cardiologist calls me today, wants me to come in, and then also wants to make an appointment for tomorrow as well, but the only hours they can do anything, ever, are my work hours. The problem is, I don't have insurance, I don't have money. If I take time off work I will continue not having money and despite what was said, when I hear "take as much time off as you need" what I hear is "yeah you can have as much time as you need, because if you don't come in you're fucking fired" because that is literally all I have ever known and I'm stressed the fuck out. Being poor is so damn traumatizing every second of every day. Even when you finally do get an opportunity or move up, you're constantly waiting for it to get absolutely ripped away at every single turn. +I’m doing a project with a California company but I don’t want to file a tax return to the state of California. I moved away from that state years ago and for both ideological and paperwork reasons I don’t want to deal with the CA tax system. + +I have a contract job for like 15,000 USD. If I take the money myself I’m only getting half of it so I’m already planning to donate it all to my fav charity anyway. Do you think it’s weird or douchey to just ask the company to donate my fees and send me a receipt so I don’t need to worry about filing in CA? + +Edit for clarity: I realized over 1M in capital gains this year and don’t want to expose that to the potential that California decides I’m still a resident of CA. I haven’t lived there for 3 years but from what I understand CA is aggressive and I don’t want to be in a position to argue about this. +The title says it all. I’ve struggled to make money to live off of especially with student loan debt but I now finally have some money in my retirement account! It’s a wonderful feeling. + +How I did it: enrolled in my company’s retirement plan. They match a certain percentage. Lived with roommates. Currently living at home to save money after a COVID-related layoff. +I've been searching this sub and google and am coming up short.... + +&#x200B; + +why does there not seem to be *anything* that simply details step by step what happened at each point of the deal? + + +My partner(s) and I are trying to buy our first property and we just don't know when things are supposed to get done. + + +Our agent kind of sucks.. we just clicked the "I'm interested!" button and filled out our contact info and someone called us. Guessing that was a mistake? + + +At what point are we supposed to ask all of our questions? When can we get the rent roll? Or when can we ask for proof? Do we have to make an offer first? Can we just tell the agent to ask? Can I get a new agent because she sucks and replies slow? + + +Can't find shit on the order of actual things happening. Everything seems to assume covid doesn't exist and we have an agent that replies more than a couple times a day. + + +I see so much "your agent will help you take care of \_\_\_\_\_\_\_\_\_\_"... will she? + + +Not so sure of it... is there just somewhere to read what happens step by step by step ? +Please note that SEBI has informed all AMCs late last evening on stopping subscription in overseas FOFs with immediate effect in order to avoid breach of industry wide overseas limits as allowed by RBI. Each AMC has suspended all fresh purchases/switch-ins and new SIP registrations to any overseas fund based on US, Europe, China, Asian etc. based on the new directive. We have issued the addendum issued with regard to this. +Today's the day! Happy 6/9 everyone! We have a jam-packed day full of live streaming in order to cover the GameStop Annual Shareholders Meeting for the year 2021. Learn all about it from [GameStop's news release](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-first-quarter-fiscal-2021-earnings-release). + +Also, make sure to follow the mods on Twitter for live tweet coverage: + +* u/redchessqueen99 @ [https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) +* u/rensole @ [https://twitter.com/rensole](https://twitter.com/rensole) +* u/pinkcatsonacid @ [https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) +* u/bye_triangle @ [https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) +* u/sharkbaitlol @ [https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) +* u/Bradduck_Flyntmoore @ [https://twitter.com/BradduckF](https://twitter.com/BradduckF) +* u/HeyItsPixel @ [https://twitter.com/heyitspixel69](https://twitter.com/heyitspixel69) + +And finally, make sure you check the Stickied section of r/Superstonk for any critical posts and updated. Apes together strong! + +# r/Superstonk Live - GameStop Annual Shareholder Meeting + +[Apeish.](https://preview.redd.it/i9xl9zddd7471.png?width=4001&format=png&auto=webp&s=701f90db8c81d59d91a6a11ad62e3c27621b8450) + +**💎** [**WATCH HERE**](https://youtu.be/a4SicgRYTmk) **💎 live @ 10:00 a.m. Eastern (9:00 a.m. Central)** + +Join us for a live stream like no other, with apes in Grapevine, TX ready to share live streams and remote commentary on the GameStop Shareholder Meeting on June 9, 2021. + +Please note that the meeting is not open to the media and it is very unlikely they will let us stream the meeting itself, so we of course will honor that. However, several apes have made the trip to the meeting and we have apes on the scene to give on-location commentary and immediate feedback on the events of the meeting. + +The meeting starts at 11:00 a.m. Eastern (10:00 a.m. Central) and lasts for 15 minutes. + +**SCHEDULE** + +10 a.m. EDT / 9 a.m. CT / 2:00 p.m. UTC - Live Pre-Meeting Commentary + +11 a.m. EDT / 10 a.m. CT / 3:00 p.m. UTC - Shareholder Meeting Live Coverage + +11:30 a.m. EDT / 10:30 a.m. CT / 3:30 p.m. UTC - Live Post-Meeting Commentary + +12:00 p.m. EDT / 11:00 a.m. CT / 4:00 p.m. UTC - Additional Commentary and Discussion + +4:20 p.m. EDT / 3:20 p.m. CT / 8:20 p.m. UTC - [r/Superstonk](https://www.reddit.com/r/Superstonk/) Live Monkey Business Premiere + +5:00 p.m. EDT / 4:00 p.m. CT / 9:00 p.m. UTC - Q1 2021 Gamestop Corp. Earnings Conference Call + +# Monkey Business Premiere + +[Yea, if you could #ookookook that'd be great.](https://preview.redd.it/670wahvcd7471.png?width=4001&format=png&auto=webp&s=ee76cf78466c0fb9a7fa55bc9e99dd1086a0b29b) + +**💎** [**WATCH HERE**](https://youtu.be/UDKC_oXqhGM)**💎 live @ 4:20 p.m. Eastern (3:20 p.m. Central, 8:20 p.m. UTC)** + +Join the ape community for a panel discussion about the current events of the stock trading world, and especially topics pertaining to the events of the day. Today's session will be hosted by u/jsmar18 and u/sharkbaitlol with various apes in a panel format. + +Please note that Monkey Business is a brand new concept and we are still figuring out its exact programming structure. However, we hope to be discussing GameStop stock history, NFTs, FTDs, Naked Shorts, and more! + +This panel will from one and a half to two hours, or longer if needed. We also plan to discuss the Q1 2021 earnings conference call in this meeting. For more information: + +[**Q1 2021 Gamestop Corp. Earnings Conference Call**](https://investor.gamestop.com/events/event-details/q1-2021-gamestop-corp-earnings-conference-call) **at 5:00 p.m. Eastern (4:00 p.m. Central)** + +# Power to the Players, but please behave... + +[Monke do a business.](https://preview.redd.it/1qvyj7glf7471.jpg?width=900&format=pjpg&auto=webp&s=1893de62025e22dc7cf28cb5ef67e22fc2213b9c) + +Please, for the love of DFV, represent us responsibly if you are attending this meeting. Retail investors receive enough flack from the mainstream media without adding pranksters at shareholder meetings to the list. Please dress appropriately and be respectful of everyone there. + +We would like to err on the side of caution that IRL shills may attend and attempt to make us look bad, pretending to be part of this community when they are not. Typical, right? If you see anyone who seems to be intentionally sabotaging the ape image at this meeting, please take the necessary steps. That may range from speaking up against the individual, or reporting to security. + +That said, I am insanely proud to be a part of this community. The fact that we have a team of individuals agreeing to run live streams and share this experience with the rest of us is truly heartwarming. I love this community with all of my heart and you all never cease to amaze me. + +Now, let's go! 🚀🚀🚀 + +[Art by u\/YoungbloodAA](https://preview.redd.it/i707ol57g7471.jpg?width=3840&format=pjpg&auto=webp&s=c1e8195f1f18bda5bd4f67c0689af98db96ce8a1) + +Edit: + +Hey everyone. I think there's a misconception. u/PinkCatsOnAcid mentioned that CNBC was trying to talk to HER and I relayed it to the live stream, and they misunderstood. She did not approach them, but rather CNBC was there interviewing folks in the area. + +There was no intention for us to do any interviews with CBNC. We had planned to have Pink on camera interviewing fellow apes, and she was late due to car trouble. + +u/rensole , u/atobitt, and luridess hopped in to fill in, and we covered the Shareholder the best we could. We had plans to get footage from inside, but after learning the rules by +GameStop apes honored their request to set up across the street. Then, once set up, they were asked to move again... We were able to get a few apes on regardless! + +I am very grateful to everyone who shared their footage and their streams. +Welcome to the Daily General 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 meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search page.** + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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. + +*** + +Thank you in advance for your participation. Enjoy! + +Been researching a little on the best way to pay when traveling abroad. Here's what I found. Eager to know what this sub thinks. + +\-- + +When you travel outside India, there are restrictions in how you can pay. The biggest concern is usually forex i.e. **foreign exchange differences**. As of 29 June 2022, it takes roughly 57 INR to make 1 SGD if I do that transaction via HDFC Bank. However, if I were to convert in my local city airport, the figure would be different. The same applies if I choose to do in Changi Airport, say, today itself. Not to mention the conversion fee in both latter cases. + +This makes understanding the best way pay during your international travels a critical discussion. Especially if you are like me who is not a fan of paying heavy markups. I recently paid over 8K INR as markup fee to HDFC Bank because of an agent mess-up. + +Thankfully, there are ways to limit the overhead when you convert currencies. Do note that it is impossible to avoid overhead. If you see foreign exchange, get ready to pay extra. + +\-- + +There are basically 3 common ways to make payments abroad: + +1. **Get a forex card from the country where you are a citizen** +2. **Use a credit card with international payments switched on** +3. **Convert currencies locally and carry fiat money during travel** + +There is a 4th method that involves creating a bank account. This is not feasible if you travel as a tourist. Hence, it is out of the scope of this writeup. + +# Forex Card Basics for Travels + +The idea is to refill a card with money where the currency exchange rate is fixed. If you buy a forex card today and fill it with INR 57k, you'll get about SGD 1K in that card. The biggest advantage is that the **exchange rate is locked after you fill it**. The card will still have SGD 1K when I travel to Singapore 6 months later. + +There are single-currency and multi-currency forex cards, which are self-explanatory. The **latter is a better option** in most cases. However, if you only plan to travel to Phillipines because Liu Sin Ma ChooChoo from Facebook - your online flame - lives there, go ahead with an SIF. + +Other **benefits include not having to carry cash, fraud protection, electronic payment**, etc. + +Forex cards **can be bought for free** sometimes. HDFC charges 500++ for a new forex card and then charges 75++ every time you refill it. Electronic payments (say, when you pay for a hotel abroad), there is usually no charge. I say usually because the hotel should accept the currencies available in your FX card. Otherwise, you'll be charged cross-currency fees, which if I could ELI5, I would have been effing Raghuram Rajan. + +**Some banks seem to add a markup even when you pay using a forex card**. However, this is not exactly black and white. I have found that banks usually charge a hidden fee even for electronic payments. Compare this with a Niyo Global FX that markets itself with 0% joining and markup fee. Due diligence is required here. In any case, prefer a reputable non-bank if you opt for FX card. + +This sub's endorsement for forex from early in 2022 - [https://www.reddit.com/r/IndiaInvestments/comments/sesv1o/im\_moving\_to\_uk\_next\_month\_for\_my\_studied\_and\_i/](https://www.reddit.com/r/IndiaInvestments/comments/sesv1o/im_moving_to_uk_next_month_for_my_studied_and_i/) + +# Credit Card as a Payment Method Abroad? + +If you have enabled international transactions on your credit card (which you shouldn't generally as frauds are attracted to them), you can pay through it during your travels. The only major drawback is the **currency conversion markup fee** levied by your CC bank. This can range from **1%++ to 3.5%++** which can be a lot if you are staying at the Ritz. Remember the 8K markup I paid? It was heartbreaking. I would have considered buying Reddit Premium for myself and then dropped the plan later. + +I recommend CCs (VISA and Mastercard; Diners Club is a small club) as backup plans unless you have OneCard that offers 1% markup. The drawback here is that credit limits are laughable. BOB Financial, you unhelpful itch! + +Useful thread from 2019 on forex vs credit debate - [https://www.reddit.com/r/IndiaInvestments/comments/ap3w0t/forex\_vs\_credit\_card/](https://www.reddit.com/r/IndiaInvestments/comments/ap3w0t/forex_vs_credit_card/) + +# Cash + +Simply convert INR to any currency and carry it. However, we're in 2022, and a lot of global merchants don't accept it anymore. Few friends who are in Scotland right now said even local transit system insisted on card payment. They had taken 100K INR in cash and didn't use even half of it. + +**Converting cash in India has a hidden conversion fee** whether you did it via an exchange agency or a travel portal. No one will tell you the fee as it is absorbed in the converted amount. I converted 20K INR into USD in late 2021 and saw that the calculation was 1 USD = 71 INR. Not a rip off but you get the idea. + +**Drawback is exchange variations and the need to handle cash** during the trip. + +I recommend some cash for local expenses. Say, you want to tip your gigolo when in Thailand? Go right ahead and slip that crunchy on his chest vest. + +\-- + +# Bottom Line + +The comparison between forex and credit cards is consequential. Both are good but **I feel forex cards are slightly better as they also allow ATM withdrawals for a small fee**. For instance, HDFC MMT card charges $2 for every USD withdrawal. That's a steal when compared to a withdrawal made via a CC. + +**What do I do?** + +If you want to know, I go the extra mile. I have 2 forex cards so far, one a HDFC multi-currency one and the other a Mastercard exclusive gifted my previous employer. I applied for a Niyo Global yesterday. + +I have 4 CCs with decent limits + OneCard with 1% markup. All these are different charge back brands, so they all act as good buffer. If Discover doesn't work, I'll use MC and then never visit that merchant again. + +I also convert some cash to the tune of 20K INR just to keep them in me and my partner's common bag and then pretend to not notice when a few big notes out of it travels its way from a hand or two to a fully waxed thorax portion beneath a fishnet. + +This may read tricky to some who haven't travelled and paid abroad before. So, the best way to do this is to learn for experience and use this guide as a "Haan, u/rhoul ne bola tha!" +Been researching a little on the best way to pay when traveling abroad. Here's what I found. Eager to know what this sub thinks. + +\-- + +When you travel outside India, there are restrictions in how you can pay. The biggest concern is usually forex i.e. **foreign exchange differences**. As of 29 June 2022, it takes roughly 57 INR to make 1 SGD if I do that transaction via HDFC Bank. However, if I were to convert in my local city airport, the figure would be different. The same applies if I choose to do in Changi Airport, say, today itself. Not to mention the conversion fee in both latter cases. + +This makes understanding the best way pay during your international travels a critical discussion. Especially if you are like me who is not a fan of paying heavy markups. I recently paid over 8K INR as markup fee to HDFC Bank because of an agent mess-up. + +Thankfully, there are ways to limit the overhead when you convert currencies. Do note that it is impossible to avoid overhead. If you see foreign exchange, get ready to pay extra. + +\-- + +There are basically 3 common ways to make payments abroad: + +1. **Get a forex card from the country where you are a citizen** +2. **Use a credit card with international payments switched on** +3. **Convert currencies locally and carry fiat money during travel** + +There is a 4th method that involves creating a bank account. This is not feasible if you travel as a tourist. Hence, it is out of the scope of this writeup. + +# Forex Card Basics for Travels + +The idea is to refill a card with money where the currency exchange rate is fixed. If you buy a forex card today and fill it with INR 57k, you'll get about SGD 1K in that card. The biggest advantage is that the **exchange rate is locked after you fill it**. The card will still have SGD 1K when I travel to Singapore 6 months later. + +There are single-currency and multi-currency forex cards, which are self-explanatory. The **latter is a better option** in most cases. However, if you only plan to travel to Phillipines because Liu Sin Ma ChooChoo from Facebook - your online flame - lives there, go ahead with an SIF. + +Other **benefits include not having to carry cash, fraud protection, electronic payment**, etc. + +Forex cards **can be bought for free** sometimes. HDFC charges 500++ for a new forex card and then charges 75++ every time you refill it. Electronic payments (say, when you pay for a hotel abroad), there is usually no charge. I say usually because the hotel should accept the currencies available in your FX card. Otherwise, you'll be charged cross-currency fees, which if I could ELI5, I would have been effing Raghuram Rajan. + +**Some banks seem to add a markup even when you pay using a forex card**. However, this is not exactly black and white. I have found that banks usually charge a hidden fee even for electronic payments. Compare this with a Niyo Global FX that markets itself with 0% joining and markup fee. Due diligence is required here. In any case, prefer a reputable non-bank if you opt for FX card. + +This sub's endorsement for forex from early in 2022 - [https://www.reddit.com/r/IndiaInvestments/comments/sesv1o/im\_moving\_to\_uk\_next\_month\_for\_my\_studied\_and\_i/](https://www.reddit.com/r/IndiaInvestments/comments/sesv1o/im_moving_to_uk_next_month_for_my_studied_and_i/) + +# Credit Card as a Payment Method Abroad? + +If you have enabled international transactions on your credit card (which you shouldn't generally as frauds are attracted to them), you can pay through it during your travels. The only major drawback is the **currency conversion markup fee** levied by your CC bank. This can range from **1%++ to 3.5%++** which can be a lot if you are staying at the Ritz. Remember the 8K markup I paid? It was heartbreaking. I would have considered buying Reddit Premium for myself and then dropped the plan later. + +I recommend CCs (VISA and Mastercard; Diners Club is a small club) as backup plans unless you have OneCard that offers 1% markup. The drawback here is that credit limits are laughable. BOB Financial, you unhelpful itch! + +Useful thread from 2019 on forex vs credit debate - [https://www.reddit.com/r/IndiaInvestments/comments/ap3w0t/forex\_vs\_credit\_card/](https://www.reddit.com/r/IndiaInvestments/comments/ap3w0t/forex_vs_credit_card/) + +# Cash + +Simply convert INR to any currency and carry it. However, we're in 2022, and a lot of global merchants don't accept it anymore. Few friends who are in Scotland right now said even local transit system insisted on card payment. They had taken 100K INR in cash and didn't use even half of it. + +**Converting cash in India has a hidden conversion fee** whether you did it via an exchange agency or a travel portal. No one will tell you the fee as it is absorbed in the converted amount. I converted 20K INR into USD in late 2021 and saw that the calculation was 1 USD = 71 INR. Not a rip off but you get the idea. + +**Drawback is exchange variations and the need to handle cash** during the trip. + +I recommend some cash for local expenses. Say, you want to tip your gigolo when in Thailand? Go right ahead and slip that crunchy on his chest vest. + +\-- + +# Bottom Line + +The comparison between forex and credit cards is consequential. Both are good but **I feel forex cards are slightly better as they also allow ATM withdrawals for a small fee**. For instance, HDFC MMT card charges $2 for every USD withdrawal. That's a steal when compared to a withdrawal made via a CC. + +**What do I do?** + +If you want to know, I go the extra mile. I have 2 forex cards so far, one a HDFC multi-currency one and the other a Mastercard exclusive gifted my previous employer. I applied for a Niyo Global yesterday. + +I have 4 CCs with decent limits + OneCard with 1% markup. All these are different charge back brands, so they all act as good buffer. If Discover doesn't work, I'll use MC and then never visit that merchant again. + +I also convert some cash to the tune of 20K INR just to keep them in me and my partner's common bag and then pretend to not notice when a few big notes out of it travels its way from a hand or two to a fully waxed thorax portion beneath a fishnet. + +This may read tricky to some who haven't travelled and paid abroad before. So, the best way to do this is to learn for experience and use this guide as a "Haan, u/rhoul ne bola tha!" +Warren Buffet and others have said that average investors suck at stock picking and should stick to the index funds. But how do you define average investor? Is it average person? + +When I look to other investing subreddits I see people holding tesla or other overvalued stocks. Well of course I expect those people not only to underperform the market, but underperform it severely. + +Is average investor someone who can do simple DFC analysis and is slightly competent at reading financial statements? Or is it someone who does not know what DFC analysis is and pick stocks based on his feelings? + +From my point of view beating something which is average is not usually very hard (for example scoring above average in math tests). But it depends what is the average, in no way I can beat for example average singer. +WE ARE GOING LIVE! + +[https://twitter.com/SonarToken/status/1474413003047067648?s=20](https://twitter.com/SonarToken/status/1474413003047067648?s=20) + +Resonance Labs Inc proudly presents: + +SONAR PLATFORM \[BETA\] LAUNCH on 28th December 2021 + +The Sonar Platform is a multi-chain analytical tool, which presents its users with an interface that tracks social network/influencer trends, vets contract code, price charts, creates price action alerts, executes orders, as well as feature other innovative and unique solutions, including the implementation of artificial intelligence for investments. + +The Sonar Platform intends to serve as a crypto analysis one-stop-shop and provides users with all the necessary tools and information need to make smart investment choices and to reduce the likelihood of traders falling for rugpulls and honeypots. + +🕙Incorporation in progress + +✅ ETH Bridge + +✅ Listed on gate.io + +✅ CertiK & TechRate audit complete + +✅ Listed on CMC + +✅ Listed on CG + +✅ Doxxed Founders Team + +✅ Real Use Case (Utility alt coin) + +✅ 2021 Roadmap + +Sonar Token ($PING) Distribution: + +✅Wallets locked in a multi-sig vault✅ + +\-Total Supply: 4,000,000,000 + +\-Team Tokens: 4% (Vested monthly) + +\-Development/Marketing: 4% + +Transaction taxes (December 2021): + +💰 3% tax to Liquidity Pool to create a stable price floor + +🤑 5% tax to Redistribution + +👨‍🔬 1% tax to Sonar Innovation Lab Wallet + +👨‍💻 1% tax to Sonar Marketing and Development Wallet + +Socials: + +✉️ Telegram: [https://www.t.me/sonar\_official](https://www.t.me/sonar_official) +📷Instagram: [https://www.instagram.com/sonar\_token/](https://www.instagram.com/sonar_token/) +🐦Twitter: [https://www.twitter.com/SonarToken?s=09](https://www.twitter.com/SonarToken?s=09) +⭕️Reddit: [https://www.reddit.com/r/sonarplatform](https://www.reddit.com/r/sonarplatform) +🎮Discord: [https://www.discord.gg/7kuNHxZeCP](https://www.discord.gg/7kuNHxZeCP) +🎥Tiktok: [https://www.vt.tiktok.com/ZSJ9oBTDo/](https://www.vt.tiktok.com/ZSJ9oBTDo/) +📽Youtube: [https://www.youtube.com/channel/UCixkuolcOuQdEnn80E-tyew](https://www.youtube.com/channel/UCixkuolcOuQdEnn80E-tyew) +👫Facebook: [https://www.facebook.com/Sonar-Token-107371881570425](https://www.facebook.com/Sonar-Token-107371881570425) +🌐 Website: [https://www.sonarplatform.io](https://www.sonarplatform.io/) +almost a month ago, I posted about getting cold feet to a business sale here: [https://www.reddit.com/r/fatFIRE/comments/wbnlai/supposed\_to\_sell\_one\_of\_my\_businesses\_this\_week/](https://www.reddit.com/r/fatFIRE/comments/wbnlai/supposed_to_sell_one_of_my_businesses_this_week/) + +I appreciate the help you all offered as well as my wife who also insisted this was the best course forward. + +I ended up closing exactly 3 weeks ago. We had an all company meeting where I announced the sale to all my employees. The new owners were there and were thrilled to hire 100% of my staff. It went off without any drama. As I was standing on stage and sharing the different reasons for the sale, I looked around at various employees and saw heads nod, even heard one employee speak up and affirm the decision. + +The next morning at 545 am, I heard my phone ring while in the shower and the new company needed IT support at the office. So there I go, the first day not owning that company, into the office as an unpaid gesture of good faith to get their new IT team on track and make the first day successful for my (ex) team. Yes, I want the new owners to be successful but more than that, I wanted to make sure the employees were taken care of properly. + +Over the next week, I think I went through every phase of grief, many of them countless times. I was generally sad, disappointed, and frustrated with my decision. My HR lady on staff was continually pushing my buttons and adding to the grief that I was feeling. I ended up having to silence communications to her as her motivations were not pure. + +The 2nd week, things started to become real. My wife and I started to find a new groove, I continued to get closer to the kids. The fun started happening. We had no agenda, no plan, and I was mortified and loving it at the same time. As one who lived EOS, the 10 year, 3 year, 1 year, etc plans, this lack of planning was so unsettling. But it was freeing at the same time. + +Last week, it finally clicked. This \*was\* the right decision for me and the family. My oldest son and I took a 2 hour bike ride to go 2 blocks around the neighborhood. It was wonderful, watching his mind question, explore, grow, and to be there enjoying those moments with him, that was most excellent. + +As I was negotiating and then closing with the 3 operating partners of the acquiring company, all 3 of them expressed some form of jealousy for me being willing to step off the train and invest my time into the family. Here they all are, 2 of them with grandkids, nearly certain to have a greater NW than me, and they won't let themselves stop and enjoy whatever amount of life they have left. + +I think that's the message that I wanted to share here: if you can take the win, step off the train, just do it! Yes, its scary as all get out. Yes, not having a plan is different. Yes, its one of the best things you can do. + +You don't know what the future holds, go hug your loved ones and spend as much time as you can with them. Thats all the matters in the end. +For obvious reasons, crypto is dumping to year lows is because some entity or multiple entities need liquidity to avoid getting margin called on Monday. The stock market will be as bloody as it gets on Monday and there's nothing anyone can do to stop it. + +It is unusual for crypto to crash this hard on weekends. The Korean stock market opened -3% and the US futures were down nearly 1%. Black Monday is coming, be ready... + + +\------------------------------ and for anyone who is counting characters here is your "560 character minimum for post requirements." +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) +If you had 100k to invest In real estate for your first property what would you get? Duplex? Air bnb vacation home property? What are the best tax write offs and loans a first time buyer can get that you would have done if you knew about it when you first started? +Hello Everyone, + +I'm 32 years old, work in Tech and got married a couple of years ago. My wife is 28 years old and works in HR. My take home is about 1.9 L/mo. post tax where as my wife brings in about 50 K/mo. post tax. I also get a yearly bonus 1.5 times my monthly post tax take home. + +My mom owns an apartment (valued at around 25 lakhs) in my hometown which I'll inherit sometime in the future. She'll be working for a few more years before she retires. + +We live in Bangalore and rent an apartment. Our apartment rent is probably the biggest expense at around 32 K followed by groceries, ordering food, going out, gifts, clothes and donations, if any. Our monthly expenses fall in the range of 50k - 70k/mo. Average expenses since the beginning of lock down are 60k and that includes a holiday in Goa, couple of hometown trips, 2 laptops (one for me and my mom), setting up home office etc. + +We live close to my office , so before the pandemic I'd either walk or take a Yulu. My wife's workplace is about 6 Km from our apartment so would either share a ride using Quickride or get a Uber auto. Now that we're working from home we're able to get rid of these costs.We don't own any vehicle and have no plans to buy one at the moment though we briefly considered getting a car before the pandemic. + +Over the years, I've spent a lot of money traveling domestically and internationally till the pandemic paused it. I've also spent lavishly (per middle class bachelor standards!) during my late 20s, only putting money into occasional FD/RD and ELSS. No regrets whatsoever but in hindsight I can see that cutting down on some of my expenses and investing them in equity would have made me wealthier. + +Since the beginning of lock down, my savings rate has gone up by 30% and I've seen very good returns. + +My current savings/investments are around \~45 lakhs and my wife's savings are around a couple of lakhs. + +About 45% (\~21 lakhs) of my savings are in equity - mostly mutual funds and etfs but a stock here and there - and the rest are in bank deposits. I also have some savings in NPS, PF and have a term insurance. Even though currently bulk of my savings are in deposits, I'm allocating more than 70% of my future investments into equity. + +I tend to invest about 1 - 1.2 L every month depending on the expenses. Here's a breakdown of my current investment strategy: + +1. Recurring Deposits - 30 K +2. Nifty 50 Index Fund - 30 K +3. Parag Parikh - 20 K +4. Nifty Next 50 - 10 K +5. Small Cap fund - 10 K +6. NPS - 4.2 K + +Term insurance premiums are included in the expenses. Depending on my expenses, I tend to put in about 10-15 K every month ad hoc either into individual stocks, a smallcase or a S&P 500 fund. On top of this, I also invest 1.2+ L/year in ELSS to max out my 80C. My wife invests about 16-20 K every month - 50% in index funds and 50% in bank deposits. + +I don't have any plans to buy a home on an EMI and we don't have any plans for kids in the next couple of years. With that in mind, I want to maximize my savings rate and double my portfolio in the next 2.5 -3 years. + +Please let me know what you think and provide suggestions on how to reach my goal. +I’m already fat, not retired, and want to own some rentals but I think I may not be a great candidate for it. Reason being I’m kind of lazy about it (I know I can have property managers) and I feel like I’d be a bad “business owner” if one of my tenets couldn’t pay I’d be more than likely to let it slide since I don’t necessarily need the income. + +Has anyone else felt like this? Am I wrong in thinking like this or am I just talking myself out of a good thing? + +I’m already pretty diversified with mostly stocks/bonds, I own home, have a vacation home being built, and invested in many small businesses. Maybe I’m just experiencing some fomo. + +Because people are weird about posts here. Fatfire relevance is I don’t need the income and figured it’s better to ask this crew vs a real estate sub. +The DAX is up nearly 2%. Germany's GDP drop is the 2nd largest following the recession in 2009 and since the reunification. As a response France and Germany are proposing a fiscal loan stimulus of $545 billion. The EU commission expect a 7.5% contraction for the Eurozone. +I feel like most people lie about their financial situation on social media (especially) and to the general public. I could be way off here, but I know my personal situation and what I'm able to afford while spending less than I earn and investing the difference. + +Often I'm stunned by the travel, clothing/shoes, big houses, new cars, etc. that others buy and ask myself "how can they afford that???". The only conclusion I've come up with is, **they can't** afford it. + +Am I crazy? +Currently raising an almost month old newborn and ravaged by lack of sleep. It's a happy feeling to see our boy grow every day with all the hard work but my tired wife and I also can't help thinking there must be an easier way. + +What are some things (services, products, help...) you have used and found beneficial? + +Ad an example - I am currently using a night nurse 5 days a week to help with night feeding which has helped a lot for both my wife and my sanity. She is not cheap (>$6k) a month which is a really expensive luxury for us... It's a big hit to our fatFIRE goals but I feel this allows me to be more productive in my day job for now. +APES. It has been a very good week. Don't let anyone try to tell you otherwise. Barely a week ago we were fighting for $180, now we have rock solid support at $245-250. It is all spelled out in black and white (green and red?) on the month-long chart: we are winning this battle. + +I don't know about you but it has been quite a journey to get this far. Lots of twists and turns and emotions. Even though we are not finished by a long shot, I thought this weekend might be a good time to step back and take stock of where we have been, to get a clearer view of where we are going. So, tonight I am going to peel back the layers to a tweet by Michael Burry from back in the beginning of the GME craziness. The seeds of the ending are right there in the beginning, if you look in the right place. So grab your Friday evening beverage of choice, and lets do some looking together, shall we? + +**Michael Burry** + +I like to think of Michael Burry as the original GME ape. Now, I say that of course with all due respect to our boy DFV, whom I have grown surprisingly fond of for a dude I haven't met, and whom I would love to buy a beer when this is all said and done (DFV, in the incredibly unlikely event you are reading these musings of a smooth brain, hiya bud 👋 cheers 🍻 to seeing you back on twitter this week, you cool cat). DFV actually testified in his testimony to Congress back in February that it was (in part) Michael Burry's public interest in GameStop that triggered him to take a deeper look. And if you take a look at Burry's letter to the GME board in August 2019, he makes many of the same points that DFV and even Ryan Cohen have brought up at different points (for example: new console cycle leading to stronger earnings in late 2020-early 2021; massively over-shorted stock that the Board of Directors can and should do something about; and that GameStop at the time was squandering a golden opportunity to develop a new business model based on e-commerce - Burry specifically mentions Twitch and GameSparks being bought by Amazon as missed opportunities - and that if they learned their lesson and made some key changes there was a chance for a big turnaround). + +We all know what happened from there. DFV invested in GME starting in June 2019. He and the WSB retards had some fun with it during the pandemic. A lot of people made fun of him and then deleted their accounts like a month later out of shame. Lol. In late 2020, Ryan Cohen wrote his letter to the board and things got weird. Burry sold his GME position at the end of 2020 for serious profit (GME's price already was up 400-500% from the time when Burry opened his position), just before GME had a lil' mini squeeze in January (sidenote: Burry did NOT paperhands. As manager of a fund, he has a fiduciary responsibility to his investors. He can't sit around waiting for a short squeeze. If you seriously question the diamond hands on that silverback, watch The Big Short again. You must not have paid attention. My man HODL'd in the face of so much stress leading up to 2008 that he almost needed part of his intestine removed. Oh, and if you haven't seen The Big Short... 😑... we'll talk more about that in a moment). + +Even though Burry closed his GME position, he didn't just stop talking about it. Not by a long shot. + +**"Building You Staircases and Knocking Castles Down"** + +Read this tweet. No, seriously, go ahead. I'll wait. + +[🤑🤯](https://preview.redd.it/r9cnzt4sdc371.png?width=960&format=png&auto=webp&s=b2e08f32a36128bf71dc67a2a538ae9a6c0fb276) + +I think about this tweet almost every day. To fully appreciate the impact it had on me, the best I can do is to put you back to where we were and how we felt that day. It was tweeted at market close on Thursday, February 4th (the twitter timestamp says February 5th - this screencap is not my own, but I assume the person who took it was not in a U.S. time zone given the time and the commands being written in Swedish). The January mini squeeze happened the week before and we ended that Friday at $325. Pretty good considering we had just witnessed the worst market manipulation in multiple lifetimes. But then the following Monday, Feb. 1st, GME fell precipitously. It dropped $100 on Monday. Tuesday was worse, down about $150. Pretty dark times. I myself had just YOLO'd my savings into GME the day after Robinhood shut down trading, and was gutted to see losses of over 30% on my first full day as a stock trader. I was a lurker on WSB at the week of the spike, but that first week of February there were times where I was tempted to wonder if I had unwittingly stumbled into an echo chamber of cultists. WSB was suddenly filled to the brim with trolls calling people bagholders. Even among the true apes in WSB at the time, the general sentiment was some version of "I'm with you to the end... but I would be lying if I said I'm not nervous." + +And then Michael Burry tweeted this. + +I first saw it on the evening of Friday Feb. 5th -- a snowy, cold, and dark winter evening where I live. Someone on WSB posted it, just as I was settling in to watch The Big Short for the first time. Apes, I wish I could put into words the level of mind-blown I experienced when I realized after just a few minutes into the movie that the dude Christian Bale was playing was the same dude that, earlier that very same day, tweeted about big money building us staircases via GME. I literally had to put the movie on pause for 10 minutes, reread the tweet, and then paced around my apartment with my mouth open, all the while turning these words over and over in my mind: + +"building you staircases and knocking castles down... building you staircases and knocking castles down." + +HO. LY. 💩 + +At the time of course, we knew there was big money involved in GME -- but not necessarily on the long side. We had thought (or, more accurately, the media had portrayed) that it was a few million retail traders vs. Wall Street. But Burry clearly knew otherwise and, in his usual obscure tweet style, danced around the subject *just* *close enough* to throw your mind into a tizzy. + +So the stock Burry compares GME to is a biotech stock. I won't mention it by name, because it isn't important to me right now, except for how it impacts GME (although, granted, it is on my list for stocks to invest in with MOASS tendies, for one big reason I will get into below). Instead I will refer to it simply as \[biotech\]. + +Let's take a look at the price chart, 6-month view, with the cursor over the day in question. + +[\[Biotech\] 6-month](https://preview.redd.it/1qckf0u8mc371.png?width=3077&format=png&auto=webp&s=e187d04240a23db89f56276ff81b9c9ebdbef7e4) + +&#x200B; + +[GME 6-month](https://preview.redd.it/dg7pjzdbmc371.png?width=3081&format=png&auto=webp&s=d646c2265393ad3dfbdd930cbfb4f39ecfd82d2b) + +Now, when you look at \[biotech\], you might see the big spike and think it looks just like GME or the movie theater stock. We all could probably recognize the GME 6-month chart instinctually at this point, without any numbers or labels. But look closer. The big spike you see on \[biotech\] occurs on February 2nd and 3rd. GME had already more or less finished its freefall from $483 to $40 when \[biotech\] was spiking. So why did \[biotech\] do almost +300% in two days? + +[Interim Analysis Results](https://preview.redd.it/7nub2o3mic371.png?width=3793&format=png&auto=webp&s=fc1b63c3e20f4b699cf43264e28d59eef92c76c9) + +This is why. They announced on February 2nd they have a drug that is a gamechanger in Alzheimer's treatment. As someone who lost a grandmother to Alzheimer's and remembers how disturbing it was, I consider this borderline miraculous. The interim results of this drug show 98% efficacy and improvements in behavior, cognition, and memory. Yup, that would certainly account for the price tripling in 48 hours. + +But it doesn't explain why it would then get cut in half over the next 48 hours. As we have seen with GME, price action on good news can last for months. Look up the price action on any of the companies that have produced COVID vaccines for even better examples. So why did \[biotech\] have a meme-like spike? + +**#BigMoney** + +Let's look at something else. One of the first things I tend to look into on a new stock is who has skin in the game. So here we go. \[Biotech\] institutional ownership. + +[\[Biotech\] Institutional Ownership](https://preview.redd.it/ncqoqesvlc371.png?width=1848&format=png&auto=webp&s=b4ee1f928c026481095c5cb17a9c69b8d3237c30) + +Did you see it? + +[🤔](https://preview.redd.it/j9nha0l3mc371.jpg?width=1848&format=pjpg&auto=webp&s=8de0087e483dd8d597da5c4889175cd3512e3c13) + +Hmmmm... + +So BlackRock, our mythical GME long whale, is also the largest institutional holder of \[biotech\]. Interesting. But that's not all. Susquehanna International is also in the top 10, a noted GME shortie (some would even put them in the top 3 with Citadel and Melvin). Pretty sus if u ask me. Insert \[FuturamaSquintyEyes.gif.\] + +And yep, sure enough, there's our boy Kenny (sidenote: I will never insult the real "Let's have some Sax" Kenny G by calling Ken Griffin that. Nope. Won't do it! As he said himself, "there's only one Kenny G, and it ain't you!!") + +BlackRock owns 2,404,922 million shares, or about 6% of the company. I am comfortable saying that is a long position. By my count there are only three other institutional holders that have more than half a million shares. + +Susquehanna owns 367,827 shares. They also own calls and puts. I don't have the paid version of Fintel so I can't see exactly the ratio of calls to puts. They might be long, they might be short. + +But Kenny boy on the other hand... according to everything I have found, Citadel is only net long on like 6 stocks, and they are all big tech and "blue-chip" stocks (Microsoft, Amazon, Netflix, Facebook, VISA, possibly NVIDIA and AMD,). So if Citadel has a position in \[biotech\], you better believe it is as a hedge against a net short position. + +Let's go back to February 4th. On that day, both GME and \[biotech\] actually started to find support after their respective freefalls - GME in the $40-$50 range, as we all remember. My (not necessarily chronological) step-by-step explanation for what led up to the events of this day are as follows: + +&#x200B; + +1. Citadel (and possibly Susquehanna) shorted both GME and \[biotech\]. +2. BlackRock went long on both GME and \[biotech\]. +3. GME spiked as retail trading, media coverage, and FTDs spilling out converged perfectly to slaughter 🌈🐻 +4. A couple of days later, \[biotech\] spiked on the news of the interim results of their Alzheimer's treatment. +5. Citadel didn't like that. So they shorted \[biotech\] back down to size as much as possible (smh). +6. On February 4th, BlackRock stepped in and said "enough is enough," and provided support for both GME and \[biotech\]. They ultimately stabilized, but the algorithms of the same two institutions fighting back and forth over the prices led to nearly identical charts. + +&#x200B; + +So you see, the day Michael Burry tweeted this, February 4th, was really a perfect storm - a glitch in the simulation - that tipped Michael Burry off to something going on under the hood. Two financial behemoths - BlackRock on one side, Citadel on the other - dueling over stocks in *completely different sectors,* after they had spiked within days of each other, for *completely different reasons*. BlackRock, our GME long whale, apparently won that day, as they managed to stabilize the prices of both stocks well above their initial price before their spike. And, if you look at the months since then on the 6-month chart, I think it is clear who is winning still. + +**My main takeaways from this exercise:** + +1. **I cannot possibly fathom how someone as smart as our boy Kenny would think that a short position on almost every stock in existence is a viable financial strategy. Well, actually, that's not entirely true. I have** ***one*** **idea why he might, but it is a reason that is equal parts sad and degenerate. Maybe the subject for a future DD.** +2. E**very time I, or any one of you beautiful apes, pulls on a loose string in the GME situation, somehow it always seems to lead back to BlackRock.** +3. **Put yourself in Burry's shoes for a moment. If you were as smart as him, manager of a hedge fund, who had been investigated by the SEC and the FBI multiple times due to 2008, had just made serious money off of GameStop in the January runup, and you still knew GME was going to squeeze, what would you do? Would you say or do anything about it? Because I wouldn't. In fact, I probably would close my position (at least my public position) as soon as possible to show I have no "skin in the game" for fear of being investigated again for market manipulation. And then I would probably find a sneaky and indirect way on social media to tip people off that it is still going to squeeze. Like tweeting about staircases being built and castles being knocked down.** +4. **When I first started this I was seriously hoping to learn some stuff from Burry. Now that I have finished, I am just left with a headache and wondering how anyone could ever have that many wrinkles. Wut.** + +&#x200B; + +**TADR: Michael Burry smart ape. Silverback. Looooooots and lots of wrinkles. He said GME go brrrrrr 🚀🚀🚀 even when it looked darkest.** + +HODL my beautiful fellow apes. + +If you made it to the end, good job monke. Here, have a banana 🍌 + +Not financial advice. I literally can't tell my own rear end from a coconut FYI. + +P.S. There are plenty more tweets and things that Burry has said and done that could be looked at under the microscope. I am doing this mostly as an exercise for myself to try and learn at the feet of a master. If this kind of thing interests enough apes I could do more of them going forward. + +**EDIT June 7th: APES. I got the ping on my phone this afternoon that this post is still getting upvotes and awards, 3 full days after I posted. It is over 5k now. It might not seem like much but I am tremendously honored and thankful for everyone reading this and giving it traction. I have never had a post get visibility quite like this, so thank you 🙏❤** + +**Also, I wanted to tidy up a few things, and to in turn give visibility to some really great points that commenters made below (I know I am going to miss some people if I try to tag usernames, so for now I will leave that out of it. But your wrinkly insights deserve to be highlighted here for all to see).** + +\-As a couple of people pointed out, Michael Burry actually closed his position in GME *before* the runup in January, not during it. The post has been edited to show that :) + +\-Just to make it fully explicit in case the analogy is lost on people (I am thinking especially of our fellow apes who might not speak English as a first language, to whom these images might be a little more obscure): + +**Staircases**, on the simplest level, are built to allow someone to ascend from a lower level to a higher level. So big money building us staircases via GME squeezing is simply them giving us the means to ascend from a lower state (poor, marginalized, and with the entire stock market stacked against us) to a higher state (rich, with all kinds of resources, and the ability to reform the markets to be more fair for everyone/ true to their purpose). + +**Castles** are a symbol of power, wealth, and tactical superiority. Historically they were fortresses, often built up on a hill or a mountain so that invaders would be thoroughly exhausted by the time they get to the front gate (if they even got that far). They had all sorts of tactical advantages like thick walls, ramparts and turrets for archers, moats that could only be crossed by a drawbridge, perches where burning hot oil could be poured down on invaders, and multiple layers soldiers and walls inside if you managed to breach the gate. Big money knocking castles down means offering us the most powerful of tactical support (whether out of convenience or out of kindness, it doesn't matter). They are quite literally taking care of the hardest obstacle for us. But we need to **hold** the line (heh, see what I did there?) so that the enemy doesn't have any alternate means of escape. Oh, and by the way... guess what another name for a castle or a fortress is? A *citadel*. 🤯😳 + +\-The phrase "building you staircases and knocking castles down" was taken from a song, "The Big Money," by Rush. Burry actually tweeted about it a couple of days before the February 4th tweet, so he obviously had it on the mind. I knew about it before I posted, but declined to include the entire song originally because I didn't want this to be too long. But some apes have mentioned that the rest of the lyrics have some other interesting things going on that definitely apply to us today, and I fully agree. So here they are in their entirety: + +"The Big Money" + +by Rush + + + +Big money goes around the world +Big money underground +Big money got a mighty voice +Big money make no sound +Big money pull a million strings +Big money hold the prize +Big money weave a mighty web +Big money draw the flies + +*Sometimes pushing people around* +*Sometimes pulling out the rug* +*Sometimes pushing all the buttons* +*Sometimes pulling out the plug* +*It’s the power and the glory* +*It’s a war in paradise* +*It’s a cinderella story* +*On a tumble of the dice* + +Big money goes around the world +Big money take a cruise +Big money leave a mighty wake +Big money leave a bruise +Big money make a million dreams +Big money spin big deals +Big money make a mighty head +Big money spin big wheels + +*Sometimes building ivory towers* +*Sometimes knocking castles down* +*Sometimes building you a stairway —* +*Lock you underground* +*It’s that old-time religion* +*it’s the kingdom they would rule* +*It’s the fool on television* +*Getting paid to play the fool* + +Big money goes around the world +Big money give and take +Big money done a power of good +Big money make mistakes +Big money got a heavy hand +Big money take control +Big money got a mean streak +Big money got no soul… +I'm mostly a lurker on this sub, I'm on a throwaway account. I'm 26f, I live in a HCOL, I have about $600k NW right now. I work in tech, I earn \~$350k a year. + +I've been dating a guy, "Matthew", for 6 months now. He's wonderful, but in a different financial situation, and I'm just right now trying to see what our future together would look like. He used to earn about \~$100k but got laid off due to COVID and is now reevaluating his career. We didn't go into details but I think he might have some debt from college. When I mentioned that I want to retire early, all he said was that he is probably going to be working for the rest of his life. + +From what I've seen on this sub, fatfire is mostly reached when two people in the relationship are both high-earners. I do expect my salary to improve in the future hopefully, but if it weren't, and we were mostly relying on my currently salary, would this be enough to fatfire? + +I don't really know what I want to be honest. I like working -- it gives me purpose and a social life and to be honest, I think I'd probably continue working. But I also love the idea of retiring early if I want to. I think I do want kids, 2 of them, probably when I'm in my early 30s. + +I see most of my friends dating high-earners and I feel this pressure to date someone who earns a lot of money, but I don't know. I've been on dates with guys who also work in tech who earn a ton of money, and yeah it's great that they're so financially set, but I've never been romantically interested in them. But with Matthew, he's fun and grounded and down-to-earth and hot and funny and generous (ironically way more generous than some of the high-earning guys I've been on dates with) and treats me so well, and I'm very romantically into him. + +But one of the things I'm potentially worried about is what it means for my financial future if we were to eventually get married (I know, thinking wayy too far in advance, but I just want to be prepared) and build a life together. + +Has anyone been in a similar situation? Is it doable? +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! +via LivMint + +>The final reconstruction scheme for Yes Bank notified by the government on 13 March has locked in existing shareholders for a period of three years up to 75% of their shareholding. + +>Only those shareholders who have less than 100 shares in the bank, can sell their entire shareholding. The move is unprecedented in India's corporate history and will affect the 16.18 lakh retail shareholders in the Bank, many of whom may own more than 100 shares depending on when they entered the stock. + + https://www.livemint.com/money/personal-finance/yes-bank-shares-locked-in-for-3-years-what-it-means-for-you-and-your-funds-11584178946588.html +Im in the process of purchasing a resale apartment property solely for rental income, as a diversification from other income sources. While the yield % is definitely low (in the 3-3.2% range), its a good source of income that will keep coming in most of the time without too much intervention. I am sufficiently invested in stocks, bonds, mutual funds etc to branch out to real estate now. +I have considered REITs as an alternative (currently have a decent portfolio position in all 3 reits too, but there is always a risk of corporate governance going sour, and the anxiety of not having any possession of the assets while big and more powerful players control the day to day activities and what goes on. Considering India’s legal system and the time for any resolution, if there are any serious disputes with REITs, it could take ages to resolve. While REITs have been around for a long time in countries like USA, they are still new in India and pretty much still within the look-in period in terms of a stable asset class. + + +I have finalized among 3-4 properties in popular gated communities with all the usual amenities - as per my research, these kind of properties are the easiest to rent out over independent houses/standalone apartments. They also seem to have better exit liquidity along with standard price appreciation for the given locality. + +Based on some earlier discussions, the advice seems to be that real estate prices are not going to fall sufficiently in the near/medium term, nor would it be wise to wait for a crash to buy a property. + +If you are doing this already, or have experience in this sector, please share your inputs on the plan, pros/cons, feasibility of the plan etc. +I'll start with the usual: I am not a financial advisor. I do not provide financial advice! Everything following this is opinion/observation. Much of my knowledge of the markets has been acquired through reading countless hours of DD posted by others in this sub. + +I'm not one to buy into the echoed phrases of this sub... but I am in fact JaCKeD tO tHe TiTs! + +OBLIGATORY - BuY & HoDl! + +Now that that is out of the way, I would like to reference a few authors and their inspired DD that helped get me to this point of jacked tits. The below DD's are a must read if you have not already. I will attempt to summarize these briefly below. + +u/Criand: + +[1)](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/) **The flurry of rules before the storm. GME might be hitting T+35 and T+21 next week** + +[2)](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/) **Things are shockingly similar to the February 24th and March 10th runup** + +[u/myplayprofile](https://www.reddit.com/user/myplayprofile/) \- **I Got What You Quant** ([Link](https://www.reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/?utm_source=share&utm_medium=web2x&context=3)) - this is just one of the authors DD's, but it goes into linear correlation which is now shifting to logarithmic correlation between GME & AMC prices. AND he explains how there is the possibility that AMC is being used by hedgefucks to hedge their GME losses. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +This post is focused on u/Criand's DD, which enlightened me and many others as to what the fuck has been going on with the 21 day / 31 day FTD cycles. + +Basically his DD ([1)](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/)) is the most accurate hypothesis that we have to date regarding the FTD cycles, and DD ([2)](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/)) shows how this theory is now supported by the price action seen on May 25th and in the following days. + +Key Points: + +* He clarifies the confusion around why the standalone T+21 day FTD cycles, which have been shown to cause price surges, do not act the same way as they did during the $480 run and the $350 run. +* Explains how the Feb-March $350 run was caused by a dual event of T+35 & T+21 day FTD cycles occurring in close proximity to one another (back to back trading days) +* Notes that the Feb 24th initiation of the run up to $350 was exactly 10 days before we peaked at $350 +* He references [u/yelyah2](https://www.reddit.com/u/yelyah2/)'s DD, which shows how gamma neutral spikes on day 1 of the $480 and $350 price run ups, returns to normal for about a week, and then spikes up massively again, initiating the January and February Gamma Squeezes + +Below is my furtherment of u/Criand's work all in one concise graphic which feels oddly like a child to me right now. Not sure if that is just because I have not really written any DD's before. + +Please click the image to view it blown up and actually take in what is being laid out for you with my lovely computer crayons which I swear to god I don't eat... EVER. + +[Transparent boxes represent the initiation of the combined T+35 \/ T+21 day price movements + 6 days \(because it has only been 6 trading days since ](https://preview.redd.it/v8tmo6hdi5371.png?width=1287&format=png&auto=webp&s=9a7e70813852641f29b2e57d8fc64ea7f7b83f77) + +Notes: + +* I am not sure why I called the $480 and $350 price run ups in the visual "Micro Squeezes", but thats what came to mind. Perhaps gamma squeeze is more appropriate given [u/yelyah2](https://www.reddit.com/u/yelyah2/)'s recent DD? +* Yellow is micro squeeze 1 +* Blue is micro squeeze 2 +* Pink is the past 6 days + +Alright folks. I have talked a lot about other peoples work, and given you a graphic. Now comes my value add. + +Key observations: + +* Not only was it a 10 trading day ramp up from the February 24th initiation to $350 on March 10th, but it was also **EXACTLY 10 TRADING DAYS** between the January 13th initiation to the $480 peak on January 29th. My reason for calling this out specifically is that it strengthens the theory surrounding the combined T+35/T+21 day price movements, and helps us further establish that we could potentially go **PARABOLIC AGAIN 10 trading days from 5/25 on JUNE 9th.** Will they be able to stop us this time? Maybe it doesn't even matter if the do... See my next points +* In the aftermath of the January "micro squeeze" the Dec-Jan price floor of \~$20 **DOUBLED**, and the new price floor was set at \~$40 between Feb 5th - 25th. In the aftermath of the Feb 24th - Mar 10th "micro squeeze" the price floor of \~$40 **TRIPLED**, and the new price floor was set at \~$120 between Feb 5-25. Given that the price floor doubled and then tripled after these two events, **could we be expecting the new price floor of more than 3X $120?** (That would be a price floor of $360+ for those of you who needed help there) +* Edit to previous bullet. A wise ape suggested I un-jack my tits a bit, and he makes a fair point that "We can’t assume that since it doubled in January from $20 to $40 and tripled in March from $40 to $120 that therefore the next floor must be more than 3x $120. What if the rule in the sequence is +20->+80->+140? Or what if +20->+80->+20->+80?" I have included this just to explicitly state that my question **"could we be expecting the new price floor of more than 3X $120?"** by no means is intended to say the price floor WILL triple again. I feel like this is a good point to say that this is speculation and theorization based on observation and nothing more. None the less, I am jacked to the tits. +* The MACD line has literally only had significant crossovers ([golden cross](https://www.investopedia.com/terms/g/goldencross.asp#:~:text=What%20does%20a%20golden%20cross%20indicate%3F,under%20a%20short%2Dterm%20MA)) 3 times this year. + * Event 1, Yellow ($480 run) + * Event 2, Blue ($350 run) + * Event 3, Pink (May 17th - today) + +Additionally, I have plotted trend lines for each of the events. + +* Event 1 (Yellow) we saw a 10 day increase of roughly 1,733% +* Event 2 (Blue) we saw a 10 day increase of roughly 770%. +* 770 / 1733 = 44% or a 56% reduction in 10 day price increase, although the price was starting from a floor of $40 instead of $20. +* 44% of 770% would be 338% starting from $120 which would mean a peak price of \~$405 in event 3, **IF** this short pattern continues exactly the same. +* THIS PATTERN WILL NOT CONTINUE EXACTLY THE SAME. +* I am only observing the trend of the current pattern. The sample size here is literally 2 events, albeit 2 very unlikely "coincidental" events. And I don't believe in coincidence. +* The pattern will break for many reasons, but the main reason is that hedge fund manipulation literally cannot continue forever. +* Once they get margin called its off to the races, and hopefully this event is the straw that quite literally breaks the camels back (Kenny G, you are the camel) + +Oh yeah... forgot about this one. LOOK AT THE VOLUME. ITS LITERALLY FUCKING INSANE. MEDIA IS PUSHING AMC, KOSS, ANYTHING OTHER THAN GME AND YET WE HAVE RUN UP FROM $132 (April 13th) TO $290 WITHOUT A SINGLE TRADING DAY VOLUME GREATER THAN 21 MILLION. WE SAW VOLUMES OF MORE THAN 150 MILLION IN JANUARY. WHAT THE ACTUAL FUCK. + +Alright guys. To summarize. We could be looking at going parabolic again on June 9th based on the pattern identified by the authors I mentioned above. The price action and technical signals are bullish as fuck. I fucking love all you mother fuckers who are holding this thing, and I will be holding till we can change the world. + +Last note. For dope technical analysis please check out the absolute man [Tradespotting](https://www.youtube.com/channel/UCI24I7XHA2yY4Fs-pVmplpA). I think this is his reddit [**u/Frigerifico**](https://www.reddit.com/user/Frigerifico/) and this is his [sub](https://www.reddit.com/r/tradespotting/). He's not some highly viewed bullshit youtuber. He's a genuine Scottish dude who is passionate as fuck about GME and is amazing at technical analysis. The dudes literally inspirational and will literally calm your fucking nerves about this whole thing. Literally. + +**Trust the process Apes. See you in the far reaches of space.** + +Edit: Formatting +Hello again beautiful apes, + +I was snooping around on the google trying to find more stuff on our favorite multi-national crime syndicate. + +I found a bunch of documents using some search strings I won't say exactly how but I can prove I found them using simple search terms if I need to. All publicly available. I'm still sifting through them but I found something that literally proves my last DD right. In THEIR OWN WORDS. + +The last DD I made was super long so I'm going to make this shorter and straight to the point. + +Remember when I said: + +**"I believe these form D/A filings are the combination of a paper trail, receipts of the Total Return Swap payments, AND hiding money in the Cayman Islands by selling packaged Debt Securities to it's own shell corporations.** + +**Not just for Citadel but for every Hedge fund. This is how they funnel their money by hiding in plain sight."** + +and + +**"SOOOO According to the rules of Regulation D, they can technically use a Form D/A to sell bonds, CDOs, preferred stock, maybe even shorts and what ever else they want to package in \*COUGH -- TOTAL RETURN SWAP -- COUGH\*. AND use exemption from the 1940 Investment Company Act to hide it."** + +Well all of that was just speculation. I just assumed they "could" if they wanted to. But had no verifiable proof. It was just a logical / plausible theory. + +Check this shit out from 2013: + +[https://s3.amazonaws.com/citadel-wordpress-prd102/wp-content/uploads/2016/09/26121830/Citadel-CFTC-Comment-Letter-on-Further-Proposed-Cross-Border-Guidance-FINAL.pdf](https://s3.amazonaws.com/citadel-wordpress-prd102/wp-content/uploads/2016/09/26121830/Citadel-CFTC-Comment-Letter-on-Further-Proposed-Cross-Border-Guidance-FINAL.pdf) + +Citadel bitching about other funds doing exactly what I hypothesized. And the only reason they're bitching about it is because they want to see the info reported so THEY can make decisions based on it. Because someone was probably kicking their ass for a minute. **"Ma no fair, he's doing it too"**. + +*-------------------------------------------* + +CITADEL'S OWN WORDS: + +*We understand that a material volume of swaps market activity is* ***conducted by funds that are organized or incorporated outside of the U.S***\*., but that have a U.S. nexus.\* ***If the U.S. person definition were not to apply to such offshore funds***\*, despite their U.S. nexus,\* ***then a core, active portion of the swaps market would fall outside the scope of the transaction-level requirements***\*, including the\* ***clearing and reporting requirements***\*.\* + +*-------------------------------------------* + +There you have it folks. In Citadel's own words. Offshore funds can and have been trading for YEARS in the Cayman Islands without reporting shit. And apparently it's well known by their inner circle. Hedge funds, SEC, CFTC, all dem. They all knew about this for years and let it go on. + +They say "Swaps" but according to form D's rules, they can do it with anything not just Swaps. + +And instead of outright banning this shit, they just made the loopholes more convoluted and harder to track. As people find out about this shit, they propose "laws" for transparency, but include easy to get around loopholes. + +*-------------------------------------------* + +[https://www.morganlewis.com/pubs/\~/media/fc229a42f175480591551fb6c9ff61f4.ashx](https://www.morganlewis.com/pubs/~/media/fc229a42f175480591551fb6c9ff61f4.ashx) + +Updated U.S Person definition. + +Loophole: + +*"The CFTC has indicated that the definition of U.S. person* ***will not include a non-U.S. affiliate of a U.S. person*** *that is guaranteed by that U.S. person. In addition, a commodity pool, pooled account, investment fund, or other collective investment vehicle* ***will not be considered a U.S. person if it is publicly-traded but not offered, directly or indirectly, to U.S. persons.****"* + +In Ape Terms: **Hey sir from The Caymans, can I put my shell corporations in your name instead of mine so I don't have to report anything?** + +*-------------------------------------------* + +**TL;DR Proof, by their own words that hedge funds can trade offshore without reporting anything. And Citadel bitched about it because someone else was doing it too lmao** + +*-------------------------------------------* + +Essentially proving my last DD right: + +[https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling\_in\_the\_deep\_dive\_hiding\_money\_in\_the/](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/) + +&#x200B; + +Edit: Some apes have concerns that they seem to be able to do what ever they want so how will they get liquidated? + +I don't think any of this will affect the MOASS. I think perhaps this is all just ways to save their asses. Not the company but personally. Hiding assets with no record. Selling bad debt to unsuspecting whales. That sort of thing. Not that they can't get margin called, but that when they do, it'll be someone else's problem. + +Apparently CFTC released this statement today: + +[https://www.cftc.gov/PressRoom/PressReleases/8422-21](https://www.cftc.gov/PressRoom/PressReleases/8422-21) + +Granting relief from reporting til 2023. + +I think the reporting rules likely has something to do with post-MOASS litigation. Hiding evidence. Giving lawyers time to prepare for the fall out. I think MOASS is inevitable at this point and everything they're doing is simply to keep some money left over. They're hiding shit like crazy using these rules and exemptions and the CFTC seems to be complicit by allowing them to throw the reporting into 2023, thereby making it harder for investigators to look into it and make trials take years. + +But that's my personal opinion, I could be wrong. +[What the U.S. Loses When Americans Save Too Much](https://www.theatlantic.com/ideas/archive/2021/06/pandemic-savings-threaten-economic-recovery/619303/) + +“It’s awkward for a card-carrying economist to urge people to save less. But Americans of late have been saving not to finance their kids’ education or their own retirement; they’ve been saving as a precaution against the possibility that the pandemic might ravage their lifestyle. All of that saving didn’t capsize the economy only because Washington stepped in with checks for nearly everybody. Because those are ending now, along with the worst of the pandemic, Americans can support a strong economy by saving only for their future needs and not out of fear.” +I went from making $15 an hour 10 hours a week... +To $23 hours an hour and 30 hours a week! I’m eternally grateful for this increase. I know it’s still not major money but for me it helps a lot! +Do I cause someone else to lose money? If I buy a stock low and sell it high, where did the money come from and did I cause another person to lose money? +Maybe its been done, but it's time to start a different kind of multi family rental building. Have an apartment building that ONLY rents to pet owners. It would be moderate size apartment block filled with those who traditionally struggle to find a rental because so many landlords ban pets. + +Features: +Scratch proof suites with no soft surfaces/carpets + +On site dog and cat daycare OR in suite daily check in while owners are away + +Pet store and groomer service with self serve wash on ground level + +Visiting vet service + +Doggie doo fenced yard + +Pet sitting service and emergency pet sitting - pets stay in their own home + +Pet transportation available to vet/airport + +I think the idea of a multi family that ONLY caters to pet owners would be highly attractive and with a little marketing a building like that would fill up very quickly. These days, pets are valued as highly as children but finding an appropriate rental is the challenge for many. + +Thoughts? +Hi everyone, + +After watching ETH fall from $4,700 to $900 I was excited to buy under $1,000 for the first time in quite a while. Unfortunately when the time came, FUD was at an all time high and I was convinced I should just buy a little at $900 and wait for $400 to buy much more. + +Can we get back to the doom and gloom for a bit longer? + +The world economy is collapsing, crypto is fake, merge never, solana is faster, NFT ugly JPEG, copy/paste, interest rates, liquidity, blah blah. + +No way it won’t go to $400, maybe less. Keep spreading this and sell all your ETH to me thanks. +Hİ everybody! + +&#x200B; + +I'm studying econometrics and this is my third year.I want to improve my computer skills(which i love to do something computer) and last summer i decided to learn python. I know python like a more than beginners but when i researching about data analyze i confused,should i learn R like a pro? Or should i continue with python? + +and does anybody have any advice to improve myself about econometrics? + +Sorry for my bad English,i'm from Turkey and i still try to improve English too! + +&#x200B; + +Thank you everyone +Do economists know what conditions/policies allow for greater social mobility? It seems that some studies seem to show that the U.S. ranks behind other countries in the likelihood of someone to improve their socioeconomic status. Are the reasons for this known? +I know a lot of people are thinking about it. I did it a few months ago and here's my experience. + +Moved from Bay Area to research triangle NC. + +Sold 1.5M house, 1500sqft. Bought 600k, 4k sqft house. Any more than 700k and you are you're going to look like great gatsby (not my cup of tea). + +On paper schools are comparable (9/10 great school). My honest assessment is the schools are similar if not a tad better than CA. + +FAANG employer reduced base salary by 8% but left stock options as is and same with bonuses. Stocks are roughly half of my take home so adjustment is roughly 4% (aka I come out ahead after adjusting for state tax decreases). + +I did it for quality of life for family, put an end to 90-120 min commutes each way and to put us in a situation where we could fire anytime we were in the mood. + +People are very intelligent here (primarily PhD and doctors in my area). No I'm not under the impression they make bay area salaries but conversations are inspiring & people are driven by passion. + +Covid forcing remote schooling was in some ways ideal. We lived in Airbnb while searching for homes and continued going to remote bay area school while finding the perfect home. + +Downsides for moving now: +- epic lead times for furniture at the moment thanks to covid (eg dinner table is scheduled to be delivered in 2 months and even that isn't guaranteed). Apparently fridges are over one month out. So bring what you need. +- (obviously) flights + covid isnt optimal. We booked the first row of first class and got on the plane last to minimize exposure but it's a gamble. +- I'll admit the future of remote work isn't clear. At a minimum I would question if it's possible to retain my current salary (500k) at the next employer remote. I'm ok with this risk but I could see remote work going through the classic hype cycles. +- I was under the impression that the housing market has cooled. Even though the houses are economical we ended up with bidding wars (which I refused to entertain in this market) and the usual house buying headaches. So it took a few homes to close the deal. + +Hope this helps! +You guys have convinced me, I’m ready to buy some shares. Never done it before and don’t know how to. + +What app/service do you guys suggest for buying them and what other things should I watch out for? + +Very eager to learn and see what the future holds lol. + +I am in Europe btw if that makes a difference. + +No idea what to put as flair but hype is reflective of my current state. +Title says it all. I’m literally not selling shit until someone goes to fucking jail over this shit, or the price is Astro-fucking-nomical. + +This sub literally means nothing to me anymore, just a easy way to engage with likeminded share holders. + +When the sub goes dark, I will continue to do what I’ve been doing for the past two years. Holding, buying and pushing for market regulation and hedgies in fucking handcuffs. + +I’ll miss you all, but I honestly could give two shits. Community members will find each other regardless of Superstonk going dark. + +If anything I’ll only miss the easy access to memes and shit posts. +Welcome to the Daily General 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 meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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. + +*** + +Thank you in advance for your participation. Enjoy! + +Inspired by https://www.reddit.com/r/AusFinance/comments/plid2t/what_do_you_do_in_a_corporate_job + +There seems to be a lot of people in highly paid, cushy, basically fake jobs, where fake job is either all you do is put random data into excel, create random PowerPoints and send random emails and the like OR you actually do some challenging work but on fake tasks/for fake organizations that don't actually create any value for anyone. + +I don't judge! As a software developer I've had fake jobs myself, of the latter category - challenging but ultimately meaningless work. One was building for a university an elearning app that never really saw the use it could have, the other was for a doomed music startup that was really just a vehicle for some scammer founders and execs to defraud mom and pop "investors" who thought they were investing in "the next Spotify". (they weren't) + +I'm glad I'm now out of them and my current gig feels more like a real job, but at the time I had those fake jobs, it was what I needed to pay the bills and advance my career. + +Also, many people have families and hobbies and other priorities outside of work, and if you're one of those people for whom work simply isn't a priority in life (hard to argue with that), and you can keep making good money doing little to nothing at work and spending that time and energy elsewhere, kudos to you as far as I'm concerned. At the end of the day, when you're dead, your employer is not going to remember or care if you busted your ass for them for decades, but *you* will regret all the time you didn't spend on doing fun stuff and hanging out with family and friends. +I understand the concept, but its incredibly difficult to find the numbers behind the estimates etc, the actual Kwh values, instead we get reports that focus on some mythical "average" household and throws out numbers like £3200 etc. + +I understand that they want to make it seem more applicable, but its almost impossible to find a single new article that actually details the kwH value, even on ofgems own website, whats that about? + + +💭 What is **$MBUD** ? +**$MBUD** or **MOONBUD** is a fresh charity memecoin on the Binance Smart Chain, it has a 5% transaction fee, **2%** goes to the **charity wallet**, **2%** is **redistributed** amongst HODLers and **1% is burned** forever, making the token **deflationary**.Ownership of the contract has been **renounced**.**Liquidity** has been **locked** for a year. + +🌕 **MILESTONES** +The token succesfuly launched approximately 40 hours ago on pancake swap.The launch was amazing, price held and rose beautifully and the first day was full of important achievements.1600 HOLDER wallets in the first day900 members in the telegramMarket Cap reached a stunning 4M$ ATH, started at 100k MCAPBut the best of it all, the **CHARITY WALLET has so far accumulated over 150k$** +Imagine what can happen in the long run. + +🗺️ **ROADMAP**❤️ Community building - **IN PROGRESS** 👍 + +🦎 CoinGecko listing - **APPLIED** ⚡️ + +📈 CMC listing - **APPLIED** ⚡️ + +🌐 NEW Website - **Development in progress 💪** + +💣MARKETING - **Tiktok, Twitter, and others** + +🐕DONATION - The Developer will **PERSONALLY** visit a charitable organization that the community is currently voting on, and will donate the money from the charity wallet, the whole process will be recorded. This will happen next weekend. + +Personal Opinion: I have been closely talking with the dev team and the community since the very beginning, we are already pretty lively and the dev is a very honest reliable man who really wants to help the dogs. Since I have the inside info, I know that pretty big things are coming, and I remain very bullish. + +LINKS: + +🗒 CONTRACT: [https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +💎 BUY: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +📈 CHARTS: + +💩 POOCOIN: [https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +🧘‍♂️ DEXGURU: [https://dex.guru/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba-bsc](https://dex.guru/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba-bsc) + +🌐 WEBSITE: [https://www.moonbud.space/](https://www.moonbud.space/) + +📱 TELEGRAM: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) +You magnificent man! His granny was totally jamming out to the song + +# "You Really Got A Hold On Me" - Smokey Robinson & The Miracles + +Lyrics + +\-----> I don't like you, but I love you +Seems that I'm always thinking of you +Oh, oh, oh, you treat me badly +I love you madly, you really got a HOLD on me +You really got a HOLD on me, +you really got a HOLD on me, +you really got a HOLD , baby +I don't want you, but I need you +Don't want to kiss you, but I need you +Oh, oh, oh, you do me wrong now +My love is strong now you really got a HOLD on me +You really got a hold on me, +you really got a hold on me, +you really got a hold, baby +I love you and all I want you to do is just hold me +HOLD me, HOLD me, HOLD me + + +Tighter +Tighter +I want to leave you, don't want to stay here +Don't want to spend another day here +Oh, oh, oh, I want to split now, I can't quit now +You really got a hold on me, you really got a hold on me, you really got a hold, baby +I love you and all I want you to do is just hold me, please +\-----> Hold me, SQUEEZE, HOLD me, HOLD me +\-----> You really got a HOLD on me +\-----> You really got a HOLD on me +\-----> I said you really got a HOLD on me + +SQUEEZE!?!? HODL!?!?!? SAY NO MORE!!!! + +GME TO THE MOON!!!! 🚀🚀🌑 💎💎💎👐👐👐KEEP HOLDING APES! WE ARE SO CLOSE!!! +I'm considering chartering a crewed motor yacht for a family vacay - 6 adults, four kids aged 2-7. + +A few questions to those of you who have done it: + +* Is this a stupid idea with smaller kids? The older ones can have a lot of fun just island hoping or on the water (I'd charter something with a seabob or jetski). I'm a bit worried about the safety in terms of the smaller ones. +* At a budget of 30-35k€/wk, can I realistically get a chef on board to cook / do grocery shopping? +* Do you have any recommendations in terms of charter companies or concierges who can help with family-oriented planning? + +Thanks! +I’m back and so is my fondness of the .00. I spent all week trying to shake the thought of it... but just as the return of 005 was, the return of .00 is inevitable. + +Speaking of .00, Did you know in June that 29% of our open, close, high, and low prices have ended in .00? 48 data points, 14 being .00 price points, 29%. That’s up from 15% in May and 13% in April. I didn’t know either until I gave up sleep for this. + +https://preview.redd.it/1t1ljk5qzo571.png?width=1066&format=png&auto=webp&s=03c7ca7bc4d04d648bd85743b0c809238ff70d87 + +Now, before you come at me with **why** the frequency of .00 price points are increasing with reasoning such as "as prices increase so do chances of .00 price points"... I know! This whole post will be dedicated to proving that even with certain understandings of why a stock might end in .00, **GME is a true outlier** (and you know what that means 🚀🚀🚀). + +Earlier this week I succumbed to my madness and had to see if my own noticing of .00 key (open, close, high, and low) price points was *frequency illusions* or fact. Frequency illusion, or [Baader-Meinhof Phenomenon](https://en.wikipedia.org/wiki/Frequency_illusion), is your internal bias that causes something to appear more often only after learning or noticing that thing for the first time. + +Before now, I thought I was simply seeing what I wanted to see. You can check out [my previous post](https://www.reddit.com/r/Superstonk/comments/o002rs/feel_like_gme_closing_prices_are_ending_in_00/) to see what started it all, but a quick recap is that in 2021 GME has a 61.06% rate of having a key price point during a trading day end in .00. The average for the 18 prior years is 9.25%, last year was 5.14%. GME is seeing key price points at .00 more often, and the rate is increasing. + +I appreciate the love my first post on .00 received. I also appreciate the perspective that other apes were able to provide as my brain is smoother than the gelato my wife treats me to once a month. Since then, I’ve quadrupled my research in an attempt to directly address some of the top reasonings for .00 price points to determine if GME is following a trend that exists across all stocks or is a **1.00-of-a-kind** in just another way. + +**TL;DR: Buy & Hold. Read the title again too. I predict we will continue to see an abundance of .00 key price points as we approach the MOASS. GME is a true outlier and in my next post, I will be mapping GME’s .00 price point frequency to the FTD cycles.** + +This post is broken into sections each starting with a quick summary. + +&#x200B; + +**.00 | The Data** + +I’ve exported all my data from Yahoo's historic price exports. I love transparency. + +I am going to cover the following in this post.GME historical data from January 2002 to June 15, 2021 + +https://preview.redd.it/rqloapis1p571.png?width=1211&format=png&auto=webp&s=74931fdcbb473ce80a9d7d0f3c242c9ba8696ffd + +And the following stocks for comparisons and baselines.AMC historical data from January 2014 to June 15, 2021 + +https://preview.redd.it/9mm4ja572p571.png?width=1213&format=png&auto=webp&s=b9a9589e5ae5d122c6126534a62bef1935487fba + +TSLA historical data from June 29, 2010 to June 15, 2021 + +https://preview.redd.it/t98nk6yx1p571.png?width=1214&format=png&auto=webp&s=aa9ca359647049cbe302d86ed3f254db9b90d08f + +AMZN historical data from January 2005 to June 15, 2021 + +https://preview.redd.it/ukj589qkiq571.png?width=2190&format=png&auto=webp&s=f2d5405ed53e568480ac66bbca81761ca8e59639 + +OSTK historical data from January 2005 to June 15, 2021 + +https://preview.redd.it/low31kt12p571.png?width=1213&format=png&auto=webp&s=0305190e7cc57a21911f5ec1c61a525caeaa34eb + +AAPL historical data from January 2005 to June 15, 2021 + +https://preview.redd.it/n9pz56g42p571.png?width=1214&format=png&auto=webp&s=e0d024548ebf51cab8dbc71c134a33e24e16fe73 + +GOOG historical data from January 2005 to June 15, 2021 + +https://preview.redd.it/k4rjivwg2p571.png?width=1213&format=png&auto=webp&s=e3ac23ec63ee2c7ccb02537c1481fa71e2d9b52a + +NFLX historical data from January 2005 to June 15, 2021 + +https://preview.redd.it/nawin8uj2p571.png?width=1213&format=png&auto=webp&s=fbc6ac457470b897bb5b60d566cdf03e97edd206 + +&#x200B; + +**Reason for .00 #1.00 | As a stock price increases, .00 key price points are more common.** + +Is the statement backed by data: **Yes**. See below. + +GME Myth or Fact: **Myth**. Although the rate of .00 key price points has increased with the stock’s price, GME is trending 5-10x higher than the average stock for .00 appearances at price points greater than $100. + +Before I go into the numbers, I want to take a second to explain why this statement is reasonable to believe without first checking the data. If a stock is $1.50 it would require a 33% movement to hit a .00 key price point. If a stock is $15.50 it would only require a 3.2% movement. Therefore, it’s safe to believe that as a stock price increases that the occurrence of .00 key price points will also increase. + +That simple understanding wasn’t enough for this smooth brain of mine. I wanted to see just how common these .00 key price points were within different price brackets. I'm a simple ape that likes patterns and nice flat numbers. My TV volume is at a flat 20 and my stock will be at a flat 20,000,000.00 soon too, and I'll love every short moment of it before the rocket continues rising. + +For this experiment, I deemed testing and verifying using only the Open Price of GME and the stocks in my data pool would suffice. + +I tallied the occurrence of how many times each stock opened in my set price ranges and also tallied how many times each stock opened at .00 within my set range. This can be used to tell us the percentage of times my data pool opened at .00 within each price range. There were no surprises here: + +https://preview.redd.it/0zm3afp13p571.png?width=1138&format=png&auto=webp&s=52dbb7efacf91693a88bbd32a81b8bf10142eea0 + +Looking across all eight stocks, the percentage of time a stock opened at .00 increases pretty steadily as the stock price increases. + +This confirms the original believed statement that as the price increases so does the appearance of .00 key price points. *However*, we can see that **GME is a clear outlier**. Once the price broke $100, we’ve seen an increase in .00 appearances that is **unlike any other stock**. This tells us that we are not just seeing more .00 appearances in 2021 than previously, but also that GME is trending in more .00 at this price level than normal. + +&#x200B; + +**Reason for .00 #2.00 | Retail is more likely to place orders at .00 and GME is** ***THE*** **retail movement.** + +Is the statement backed by data: **No**. I was not able to find data on retail orders and if orders ending in .00 are more common. + +GME Myth or Fact: **Myth**. There is a lack of quantitative data on retail orders and there is no correlation between the percentage of .00 appearances in 2021 of GME (61.06%) and AMC (13.51%). + +Before we go further, I think it's important to understand the reasoning. The idea here is twofold: First, retail is more likely to place orders ending in .00, and second retail’s tremendous support of GME leads to a larger influence of the .00 price point. There is no exact data that I was able to find on the first point, and the second is conjecture based on the first. It’s tough to tackle this directly. + +First, for retail placing orders ending in .00, It’s unreasonable for me to come to any conclusion on this. I do see a large number of posts educating users on limit orders versus market orders. That tells me that the number of retail investors that are purchasing stock at .00 price points may be smaller than anticipated. There is also an affinity for .69 and 4.20 tail ends as well. Since I can't prove or disprove this, let's tackle the second part. + +For the second part, I would assume the same trend of greater .00 appearances due to increased retail support would also be seen in the movie stock. That wasn’t the case. + +A recap of GME's % of trading days with .00 appearances: + +https://preview.redd.it/bcm10wq93p571.png?width=721&format=png&auto=webp&s=c1aa3c1764c5add6ae589096fb8d9fc39ab188f3 + +And the other stock's rate of .00 appearances: + +https://preview.redd.it/stx1slea3p571.png?width=719&format=png&auto=webp&s=41a2e63d66bd2c119111ab5444ad6a5024a184b9 + +For 2021, it currently sits at 13.51% appearance of .00 key price points, an increase of only +2% on the 8-year average. Even with recent movements, there has not been an increase in .00 appearances. + +This wasn’t enough for me. We all know GME is the real play, so this didn’t seem like a fair comparison. I wanted to take it a step further and attempt to track how much retail interest or hype around a stock would play into the appearance of .00 price points. + +**Reason for .00 #3.00 | Large movements in a stock’s price lead to more .00 appearances.** + +Is the statement backed by data: **No**. I compiled a total of 106 trading years and tracked the spread of Minimum Open Price and Maximum Open Price for each year compared to that year’s percentage of .00 appearances and see no relation. + +GME Myth or Fact: **Myth**. Although GME’s stock price is rising as we approach the MOASS and we are seeing an increase of .00 price points, it appears to only be a coincidence. + +This was a fun one to tackle. How do I compare GME, a once-in-a-ever opportunity, to other stocks? + +I felt that the larger the spread between Min. Open Price and Max Open Price in a given year would provide a good telling of a stock’s movement and potential retail hype. I believe that the larger the spread, the more retail hype there would be. I then compared the spread to the percent of trading days with a .00 appearance. + +I uncovered that the appearance of .00s doesn’t appear to relate to a more volatile stock. + +Years with the lowest spread of Min Open price to Max Open Price: + +https://preview.redd.it/y1fk1gwi3p571.png?width=950&format=png&auto=webp&s=a1375d04110844ad8780de2c2d39c01f2180d144 + +Years with the highest spread of Min Open Price to Max Open Price. + +https://preview.redd.it/qpo7qvzk3p571.png?width=948&format=png&auto=webp&s=44d26632b54922b2f930551aeabd66767ba7158b + +Across the board, there is a pretty flat rate of 12% of trading days seeing a .00 key price point. + +In 2021, GME saw a minimum open price of $17.34 and a maximum open price of $379.71, an increase of 21X. And what is GME’s percentage of days in 2021 with a .00 key price point? 61.06%. + +The largest one-year spread (until GME has its way with me) I found was in OSTK in 2020. I saw a low of $2.54 and a high of $124.65, an increase of 49X. Yet, OSTK’s percentage of days in 2020 with a .00 key price point was only 14.62%. + +While reason #2.00 was more inconclusive because of a lack of data, reason #3.00 can clearly be dismissed as false. There is no relation between a stock's open spread in a given year with the percentage of trading days with .00 appearances. + +\------------------------------ + +That's all I have for now. There are no dates or prices this data allows us to spectate on, but it does show that something is fishy. + +I applaud you for making it through this data-heavy DD. As I mentioned at the start of my post, I'm not done yet. I think there is more here as the frequency of these .00s is steadily increasing. In my next post, I will be mapping GME’s .00 price point frequency to the FTD cycle. + +Now I look to you, ape. Please help me out by providing further reasoning as to why GME might be seeing .00 price points. I'm happy to do further research, discuss, and add another wrinkle to this smooth brain of mine. I want every piece to this .00 puzzle. +Seriously?? Fuck every one of these mother fuckers in the past and present that set up this "free market" rigged system or was complicit along the way... + +I don't know about you, but I for one will relentlessly buy the stock I love on computershare and if simply buying stock in a company we happen to love brings this bitch to the ground then so be it. THEY ARE THE GREEDY FUCKS that put this all in place and they can deal with the aftermath with blood on their hands while we have a clean conscience. Are your people still reading here Kenny boy? Go to jail and do not pass go because until then, WE'RE NOT FUCKING LEAVING... + +After MOASS, let's please do everything in our power to eliminate these ass clown financial terrorist middle men and replace them directly with a fully transparent blockchain. Ever since they blatantly manipulated the market 1/28 by turning off the buy button I've been disgusted...these people on a human level are truly disgraceful and all I can say is that I'm honored to have all you beautiful Apes next to me on the right side of this thing. +I’ve been amusing myself by looking into (I won’t say conducting DD, that’s stretching it) the smallest market cap companies on the ASX. + +There’s some odd stuff down there. Some of them seem to just be holding companies for other investments. + +The smallest cap company doing something other than investing (eg. WHFPA or KNH) or some sort of rights issue (eg. BOAR) is Reverse Corporation (REF). These guys are doing what they say on the label, as trading is suspended and it describes its principal activity as “no principal activity”. Its market cap is roughly a small Sydney apartment or really nice but non-Lambo car at $371,442. + +Looking into it some more, who here is old enough to remember 1800-REVERSE? Yeah, that’s this company! Turns out they shut that service down on 30 June 2019, and sold its other business (the obviously synergistic selling of contact lenses online) the following day. It now seems to exist for the purpose of trying to sell the shell of the company to someone else. + +Oddly, it did pay a dividend last August (a 32.5% yield!) like it has every other year. Presumably that was just offloading whatever cash reserves were on hand? Will be interesting to see if it does that again this year, as it has $20,000 in cash remaining - but it did cost $36,573 to run the company for H1 20-21 so I’d say time is running out. + +My recommendation: you can’t buy shares in this company so don’t. We could probably just group buy the whole thing though… + +There is actually a slightly smaller market cap company that claimed to be in an actual industry - quarrying - called Chongherr Investments Ltd (CDH) - but it’s also suspended and there is little information around with no recent announcements. Amusingly though the Commsec app reports its apparent $260,414 market cap as $260.414B, which if correct would make it Australia’s biggest company by market cap and roughly 50% larger than CBA. In that case it is severely undervalued at $0.002 per (unpurchaseable) share. + +As best as I could work out, the smallest market cap company that is (a) not just an investment vehicle and (b) actually a going concern is Laramide Resources Ltd (LAM) at $714,249 market cap. Interestingly for this sub, these cats are in the uranium exploration caper in Australia and the US, and have apparently gone up 71.43% YTD so…not bad I guess. Yours for $0.60 a share. Or buy the whole company for $714,249 I suppose. + +But don’t buy it or anything else based on anything I said because I am clueless and just amusing myself here. (And please tell me if I’ve fundamentally misunderstood something, I’m learning…) + +(Information sourced from Commsec and marketindex). +I know this is one of the prettier things you can be worried about when you're trapped in poverty, but present-giving is still very important to most of us. So how can we stay within a useable budget and still get our loved ones things they want? + +Now, many of us will say, why, make your own gifts! But the thing is, I do not know how to knit, my art skills aren't great, and I would still have to invest in supplies. Plus, I don't know about most of you, but I work a lot around the holidays and I don't have time to make dozens of presents. You could bake cookies or cakes, but again, depending on your skills and time, this falls into the same problem. + + +So this brings us to grocery shopping. Does someone you love have a favorite inexpensive coffee? A favorite soda or chips? Even pet food for their furry friend? + +If you have a gamer in your life and you can't afford to buy them an expensive new game, you can build them a little gaming night basket full of candies and chips for a fun gaming night. Sports fan? CNN junky? Same deal. + +The beauty of this approach is that it is requires thought and care. It isn't just buying a gift card. Plus, if you're like me, actually unwrapping presents is an important part of Christmas and birthdays. + +The other great thing is that if you're on food stamps or EBT or some other restrictive form of assistance, you can potentially use those to pay for gifts. Depending on who you use these gifts and who you live with, then this is also a creative way to buy your groceries and still look like you got gifts. +If it doesn't relate to GME then don't post it here. Reddit has a lot of other options for online prayers and sympathy. The latest one about covid and vaccinations is already causing a shitshow. We don't need it discussed here. We like the stock. That is all. I said good day! +My 2 cents.. Best way to learn the stock market and become efficient and proficient is to be hands on.. Skip the advertising lessons you see allover and those so called “I made millions doing this or I turned pennies into riches”... You should frown upon them. + +Want to get good at stock market investing and trading? Be hands on. Learn as you go. You loose money, probably a lot of money, but you gain a lot of knowledge. You can mentally structure those loses into as a cost for “Self Taught Knowledge”.. Those loses are investments. They are not losses. Why? Well that money was destined to go somewhere. Either to daily cheeseburgers or someone rip-off instructors.. + +Instead you will be giving it to a market as a loan, knowing sooner or later, you are going to be getting it back with interest at a far higher rate than ever. + +Now when you start earning profits from your mistakes, guess what, your head is going to go really up high. Why? You now have pride in achieving 2 major things: + +1: Self Taught Skills +2: Earn Money-making + +You and your mistakes are your biggest instructors and your greatest inspiration, and should be your highest motivation. + +Keep on riding. + +-Cheers +✌🏼 +The more NFTs I see, the more I notice most of them are either super-basic digital art or just badly drawn stuff, little more than a bunch of lines and blobs thrown out there in the hope of making some quick money. + +But seriously... why should I want to spend a ton of bucks just to claim ownership of some subpar drawing even a kindergartener would be ashamed of? + +No offense to anyone being interested in NFTs, but I don't get the hype, not when this is what some people are trying to push. + +But maybe it's just my impression. + +Maybe there's a ton of amazing and moving art out there and I've just been unlucky enough to bump into desperate shills, I don't know. + +What's been you experience like? Let's discuss. +Hi. I bought cryptos in 2012 and I've been hodling all this time in deep cold storage. I'm what you would call a crypto millionaire. I'd like to know what other people in my situation are doing regarding the tax man. Do you disclose your holdings? All? Some fraction? Nothing? What are your future plans? What if your net worth goes 10x or 100x or 1000x in the upcoming years? How are you preparing? Do you have or plan to have some kind of corporate structure to handle your wealth? If so, in which country/ies? +$FETCH is the operating asset of the MoonRetriever project that will help people find new safe coins!!! + +After a successful presale they have officially launched on pancake swap. Whales already sold and this is going to the MOOOOON!!! + +ATH 18 MILLION market cap + +Over 8000 holders in 24 hours. + +This project is all about safety, read their litepaper, their platform will let you track wallets, check for rugs, market trackers, token lockers, and an ILO Kickstarter. + +Seriously guys, don't miss your chance to get in early on a project that really has shown their passion for coins, whose only goal is to make investing in cryptos safer, and that will hopefully help thousands of people, if not millions!!! + +Locked Liquidity, Renounced Ownership, and most Importantly DOXXED TEAM MEMBERS, really shows these guys are serious about this project and want to take it far. + +WOOF TO THE MOON!!! + +TOKENOMICS: + +43% Initial burn + +Token type: Deflationary + +Total supply: 1 Quadrillion + +Total transaction fee: 10% + +Transaction fee detail: + +- 5% of all transactions redistributed to all holders of FETCH + +- 5% of all transactions redistributed to liquidity + +Presale supply: 53% + +Team Tokens: 8%, spread amongst 8 team members vesting in chunks of 0.1% each every week, to guarantee team commitment. + +LINKS: + +Buy on pancake +https://exchange.pancakeswap.finance/#/swap/0x8bfc1c564E4490790DFac641C9a0FecD3f91F584 + +Telegram +https://t.me/MoonRetriever + +Website +https://moonretriever.com/ + +Twitter +https://twitter.com/MoonRetrievers + +Coinhunt +https://coinhunt.cc/coin/801090476 + +BSC scan +https://bscscan.com/token/0x8bfc1c564E4490790DFac641C9a0FecD3f91F584 + +Locked Liquidity +https://unicrypt.network/amm/pancakev2/token/0x8bfc1c564E4490790DFac641C9a0FecD3f91F584 + +Renounced Ownership +https://bscscan.com/tx/0x998a08eedfac51775d8f3d70b5df7f255d0cf8e9707fabca46294cae13d1db36 + +Locked Team Tokens +https://dxsale.app/app/pages/dxlockview?id=1&add=0x269885c38DA81ac2ddA3f567Ccf3CfF9539C589b&type=tokenlock&chain=BSC +I’m 23 years old, had a credit card since I was able to open an account with Discover at the age of 18. For 5 years I’ve never paid an annual fee, never paid any other type of fee, and never paid a single cent of interest. In other words, I’ve only ever made money (cash back) off of my credit card (which, after paying off student loan and car debt a couple years ago, became credit cardS for the different rewards- I now only use credit cards for all of my expenses). My credit score is decently high for only having 5 years total credit history, and a lower average credit history. + +I have several friends/coworkers who think I’m insane for never using a debit card and only “racking up” credit card balances because they seem to associate credit cards with negative consequences. However, I keep my balances at less than 10% of my total credit limit, I don’t pay any fees or interest, and my rewards are being earned on everyday purchases I would be making anyway, from 1.5% on everything to 3% on groceries to 5% on rotating categories. + +Am I crazy here? It seems as though Discover, Amex, VISA would all really like it if I would pay just the minimum every once in a while and pay 15% interest on the balance. But I obviously never do, the only money they make off of me is the fee they charge to the vendor. From my perspective, it’s only people who don’t understand the benefits of credit or the consequences of not paying in full every month that are losing out on rewards or racking up debt. +Guys I'm a beginner at investing (started only in November 2021) with majority of my investments in tech stocks, VTI and QQQ so I'm worried about the consequences of a market crash + +Any thoughts on how legit this article is? + +https://finbold.com/economist-h-dent-projects-the-greatest-financial-downturn-ever-for-2022/ +Speaking only inside a tax advantaged account like a Roth IRA, why don't more people invest in REITS? If you backtest 20+ years theres a dozen REITS that crush the SP500. Just curious why people don't buy say, O, STAG, MPW, AMT, etc... when they made people way more money than VTI did? +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! +Just received this communication from PPFAS. You can look at the full message here: https://amc.ppfas.com/downloads/2022/re-opening-of-our-flagship-scheme.pdf?10032022 + +Excerpts from that note, + +> As of now we have no visibility on if / when and by how much the limit for overseas investments will be revised. As I write today, there is a conflict going on between Russia and Ukraine, Crude Oil prices have risen and the Indian Rupee has fallen somewhat. If and when the limits are increased, and if it is of a relatively small amount, the same will get exhausted soon. In such a scenario, having funds readily available will be advantageous rather than opening the scheme after the limit increase only to see the industry wide cap get breached again. +> +> +> While we wish for an early increase in the overseas investment limit,considering the current scenario, an early increase may not come by. We have been getting feedback from investors that they would like to benefit from lower stock prices and invest in Parag Parikh Flexi Cap Fund. +Also, various investors have registered their SIPs through different platforms where the back-end for each differs. This has caused confusion among investors and partners regarding the status of their investments in Parag Parikh Flexi Cap Fund. +> +> +> Given this background, we will be opening up Parag Parikh Flexi Cap Fund for acceptance of transactions with effect from Tuesday, March 15, 2022. +> +> +> At this time there is no change in the overseas investment limit. Because of this, fresh net inflows will have to be invested in India. Given this situation, it is expected that over time, the weightage of foreign stocks in Parag Parikh Flexi Cap Fund will come down. As and when overseas investment limits are increased, we will rebalance the portfolio as per the then prevailing situation and valuations. +I mean, seriously the dude started out in the seats of a high frequency trader and saw that it wasn’t right. At first, he tried to fix it internally from a high frequency firm and was laughed out. + +Undeterred, Dave then turned to pushing the government to see the injustice and prosecute for the truth. But, the snail-like reaction of government action is unable to adequately take the problem on. + +Still undeterred, he is literally starting a company to fight the good fight on the front line. + +I mean, what a chad + +Here's to it, + +https://i.redd.it/fw2n0s6hv0d71.gif +I have a habit of backtesting every strategy I find as long as it makes sense. I find it fun, and even if the strategy ends up being underperforming, it gives me a good excuse to gain valuable chart experience that would normally take years to gather. After I backtest something, I compare it to my current methodology, and usually conclude that mine is better either because it has a better performance or the new method requires too much time to manage (Spoiler: until now, I like this better) + +During the last two days, I have worked on backtesting /u/ParallaxFx strategy, as it seemed promising and it seemed to fit my personality (a lazy fuck who will happily halve his yearly return if it means he can spend 10% less time in front of the screens). My backtesting is preliminary, and I didn't delve very deep in the data gathering. I usually track all sort of stuff, but for this first pass, I sticked to the main indicators of performance over a restricted sample size of markets. + +Before I share my results with you, I always feel the need to make a preface that I know most people will ignore. + +* I am words on your screen. You cannot trust me. I could have edited this or literally just typed random numbers on a spreadsheet. Do your own research if you want to trust my conclusion. + +* Even if you trust me, you need to do backtesting for yourself. The goal of backtesting isn't simply to figure out whether a strategy has an edge: it's a way to get used to how the market flows (valuable experience you will bring on to any other strategy) and how the strategy behaves. You need to see it with your own eyes to allow your subconscious mind to be at ease when it comes time to trade it live: the only way to truly trust your strategy during a period of drawdown, is to have seen it work over hundreds of trades in the past. + +**Strategy** + +I am not going to go into the strategy in this thread. If you haven't read the series of threads by the guy who shared it, go [here](https://www.reddit.com/r/Forex/comments/hi7vw3/final_part_viii_my_10_minutesday_trading_strategy/). + +As suggested by my mentioned personality type, I went with the **passive management** options of ParallaxFx's strategy. After a valid setup forms, I place two orders of half my risk. I add or remove 1 pip from each level to account for spread. + +* The first at the 23.6 retracement. +* The second at the 38.2 retracement. +* Both orders have a stop loss at the 78.6 retracement. +* Both orders have the same target at the -100.0 extension. +* If price moves to the -38.2 extension, I delete any unfilled orders. +* I do not scale out, I do not move to breakeven, I place my orders and walk away. + +**Sample** + +I tested this strategy over the seven major currency pairs: AUDUSD, USDCAD, NZDUSD, GBPUSD, USDJPY, EURUSD, USDCHF. The time period started on January 1th 2018 and ended on July 1th 2020, so a 2.5 years backtest. I tested over the D1 timeframe, and I plan on testing other timeframes. + +My "protocol" for backtesting is that, if I like what I see during this phase, I will move to the second phase where I'll backtest over 5 years and 28 currency pairs. + +**Units of measure** + +I used R multiples to track my performance. If you don't know what they are, I'm too sleepy to explain right now. [This](https://smartforexlearning.com/risk-r-and-r-multiples-explained/) article explains what they are. The gist is that the results you'll see do not take into consideration compounding and they normalize volatility (something pips don't do, and why pips are in my opinion a terrible unit of measure for performance) as well as percentage risk (you can attach variable risk profiles on your R values to optimize position sizing in order to maximize returns and minimize drawdowns, but I won't get into that). + +**Results** + +I am not going to link the spreadsheet directly, because it is in my GDrive folder and that would allow you to see my personal information. I will attach screenshots of both the results and the list of trades. In the latter, I have included the day of entry for each trade, so if you're up to the task, you can cross-reference all the trades I have placed to make sure I am not making things up. + +Overall results: [R Curve](https://imgur.com/a/gVW3dfv) and [Segmented performance](https://imgur.com/NW8pY8s). + +List of trades: [1](https://imgur.com/86NVCk0), [2](https://imgur.com/ljX5BHO), [3](https://imgur.com/ONTWmfp), [4](https://imgur.com/M0tHtvI), [5](https://imgur.com/BnCD6ho), [6](https://imgur.com/gCH52h2), [7](https://imgur.com/dBEW3eX). Something to note: I treated every half position as an individual trade for the sake of simplicity. It should not mess with the results, but it simply means you will see huge streaks of wins and losses. This does not matter because I'm half risk in each of them, so a winstreak of 6 trades is just a winstreak of 3 trades. + +For reference: + +* Trades: 145 +* Profit Factor: 2.34 +* Return: 100.47 R +* Strike rate: 48.28% +* Average win: 2.51 R +* Average loss: -1.00 R + +**Thoughts** + +Nice. I'll keep testing. As of now it is vastly better than my current strategy. +I’m considering quitting a job, without having another lined up for the sake of my mental health. + +I’ll be going back to uni next semester and have savings that will get me at least half way through my degree (1.5 years). + +Has anyone done this before and how did it pan out for you? + +Also one more question: My biggest worry is obviously not being able to find a another job and have no income coming in. + +I won’t be eligible for a study payment should my financial situation get dire due to having studied previously, however would likely be eligible for JobSeeker. + +Will me having quit my job have any negative impact on applying for JobSeeker down the line should I not be able to find another job in 1.5 years time? + +ie will I need to go on work for the dole and not be able to continue to study if I apply for JobSeeker? + +Thanks + +Edit: + +Whoa thanks for the responses - they have really opened my eyes, I really felt trapped, but it’s inspiring and motivating to hear others venturing into the unknown in order to improve their work situations, health and life in general. Thanks again +**Why Investors Need to Consider Bitcoin Separately From Other Digital Assets** + +[https://www.fidelitydigitalassets.com/articles/bitcoin-first](https://www.fidelitydigitalassets.com/articles/bitcoin-first) + +Once investors have decided to invest in digital assets, the next question becomes, "Which one?" Of course, bitcoin is the most recognized, first-ever digital asset, but there are hundreds and even thousands of other digital assets in the ecosystem. + +One of the first concerns investors have regarding bitcoin is as the first digital asset it may be vulnerable to innovative destruction from competitors (such as the story of MySpace and Facebook). Another common consideration surrounding bitcoin is whether it offers the same potential reward or upside as some of the newer and smaller digital assets that have emerged. + +In this paper we propose: + +* Bitcoin is best understood as a monetary good, and one of the primary investment theses for bitcoin is as the store of value asset in an increasingly digital world. + + +* Bitcoin is fundamentally different from any other digital asset. No other digital asset is likely to improve upon bitcoin as a monetary good because bitcoin is the most (relative to other digital assets) secure, decentralized, sound digital money and any "improvement" will necessarily face tradeoffs. + + +* There is not necessarily mutual exclusivity between the success of the Bitcoin network and all other digital asset networks. Rather, the rest of the digital asset ecosystem can fulfill different needs or solve other problems that bitcoin simply does not. + + +* Other non-bitcoin projects should be evaluated from a different perspective than bitcoin. + + +* Bitcoin should be considered an entry point for traditional allocators looking to gain exposure to digital assets. + + +* Investors should hold two distinctly separate frameworks for considering investment in this digital asset ecosystem. The first framework examines the inclusion of bitcoin as an emerging monetary good, and the second considers the addition of other digital assets that exhibit venture capital-like properties. + + +[Full Report](https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitcoin-first.pdf) +Dealing with the market is one thing - the communities are another. I am not writing this to insult anyone, this is just a crazy observation that has me wondering if people have just become out of control or something in the water. + +I have been an active trader for almost 16 years now, and like many others - we have once or twice in our lives traded OTC, pennies, high-risk options, etc before finding our niche. It didn't matter what you traded, the best thing about information and people was the internet. The last few years I stopped using SM for trading because I was focused on building a startup I really loved. It did well, I sold it and had more free time to start posting. The idea behind posting was to always help others find an outlet to communicate about trades, ask questions, or have something on their radar. + +It's been a nightmare since I came back + +I don't even want to come back to threads or trading groups and it's seriously upsetting. No matter what you post on social media about your trades or ideas to get the conversation or data started, there is a large group of people who are just angry and look to attack you. + +Between a few of my social media platforms, I post probably 10 times each on it in various groups. Almost 90 fucking percent of them are trashed with people attacking me, attacking each other, shitting on everything or just explaining how no one but them know anything (oh and to join their whatsapp group). Even when the trade is good, these people are still full of themselves. I recently met one I hated the most who had no idea what a Spread was but somehow is now the new mod of /r/Forex. It's concerning about the future of trading all together in my opinion. + +This isn't what it was like just a few years ago. Don't get mad at me, I do not know and might be guessing but I feel there might be a correlation between Cryptocurrencies and the new toxic traders who have the power to voice their loud, terrible opinions that provide no substance or benefit to traders or they are now somehow editors or mods of certain groups. + +If there are any trading groups out there that do not experience this - please let me know. I post trades, news, and try to get conversations started that's it. I don't offer a service or ever want to. A community is suppose to bring ideas to the table - not what is going on now and ESPECIALLY what is going on with the mod at /r/Forex. + +EDIT: This post does not single out Reddit as my complaint. I am referring to any social platform available to the public. Thanks. +My much younger brother in law is coming to visit me for a week and he is very eager to learn and for whatever reason seems to look up to me. He wants to learn more about investing and with my help already has a Roth IRA opened even though he is only in high school. But beyond getting a head start with savings/investments, what other advice might be useful for someone at that age? Like most students he is unsure what he wants to do, and I’d like to help him find what he is good at and what he enjoys doing. Maybe think outside the box rather than following the well traveled path. He’s not trying to “get rich quick” or anything silly like that, but truly wants to work his way up in life. Any advice would be greatly appreciated… + +A little more context: He’s played with drones in school. 3D printing. He’s athletic. Very hands on. Not the most studious. +I bought Bitcoin when I was 16 on Coinbase, and almost immediately after they changed their policy so you had to be 18 to use the exchange. They locked my account, so I was forced to hold. I'm sure they would have let me withdraw my funds if I contacted them but I figured I would just come back when I'm 18. Well I forgot about it until I noticed the bull run in february, I logged on and damn... 1,000 percent gains on my 20 dollars. Best investment of my life. Since then I emailed them, they unlocked my account, and I've been DCAing weekly. + +Edit: Holy crap just got out of work and seeing this post blow up made my day! Thanks everyone! +I'm trying to make ends meet by donating plasma, but I had my first appointment today and it was a disaster. I'm not afraid of needles, I'm fine with donating whole blood, hell I have tattoos and piercings. I just couldn't handle plasma donation. + +I ate 2 sandwiches before I left and tried to drink as much water as I could, and it was nearly 3 hours before I actually got into the donation chair. I was fine for 15 minutes, then I started feeling horribly sick and disoriented and faint. I didn't want to tell the nurse because I didn't want to be taken off the machine (because money) but I also didn't want to throw up on their expensive equipment either. They gave me some ice packs and fanned me for a bit, and I felt way better. Then, 15 minutes later, another nurse adjusted my needle by pulling it out a little because she thought it was too far in. I almost immediately grayed out again and came really close to throwing up on myself so I told her that I needed a vomit bag and couldn't keep going. I was almost 3/4 of the way done. + +I tried to activate the card that they gave me, because a nurse said in passing that I'd be getting the money, but the card isn't working and i can't bring myself to talk about it with them right now. I'm so heartbroken that it didn't go well and im trying not to cry so i don't lose the fluids and pass out again. + +Other than that, the clinic was really good and everything was easy, I just feel pathetic because i couldn't stick it out to make sure I get the money. +Hey Yall! So for the past three years I've been making a budgeting spreadsheet for those who don't know how to budget. It started out of my own need for financial literacy and needing a budget desperately. + +[Here's a link to what this years sheet looks like](https://imgur.com/a/93EcfEz) + +I grew up very poor and had NO sense of what or even HOW to start budgeting. I was taught that money would disappear if I didn't use it, so I just USED it. Even now I still feel anxiety about money and can spend recklessly if I'm not careful. Over the years I've gotten better, I've found ways to productively use my anxious habits, but it's been so hard. Another problem I faced is that I have ADHD, so impulse control can be hard, and it can also be hard to keep track of every purchase and focus on a bunch of aspects of a budget. + +&#x200B; + +This spreadsheet is made so you only focus on ONE number. + +&#x200B; + +The sheet was createdwith three goals in mind: + +&#x200B; + +1. that it be easy to use +2. that it focuses on a daily budget that supports long term goals- instead of a long term budget that doesn't have daily support +3. that it be a good starting place for people who have never saved before + +&#x200B; + +So how does it work? + +The main budget is divided into three core areas: + +&#x200B; + +* Income: You use this to fill in your income and choose to have a monthly, weekly, or bi-weekly pay cycle. If you are a worker who is tipped it includes an area where you can add tips, my suggestion is put in your minimum average income from tips- So for example, if you usually make 100 from tips a week, even if you get extra, try to program your budget around the 100 minimum average. +* Expenses: There you can add your expenses. Utilities are bills that are for electricity, heat, phone, internet, or water. Bills are important expenses that you can't miss and are integral to living. Finally, expenses are other things you need to allocate money for- whether it be gas, lunch expenses, transportation- ect. Within your expenses there are TWO areas to which you need to pay attention:-Credit Card Payments: this is new to this year's sheet, use the tab below to fill out your information for up to three credit cards. Decide whether to pay the minimum payment OR choose an amount to pay. The tab will allow you to see how much you're paying and how much interest you're accruing. Once you have filled it out, your budget will adjust accordingly.-Big Purchase: Use this tab to create a budget for a large purchase, and adjust your budget easily and automatically to finance this purchase! +* Budget summary: Finally the most important part of this sheet is the budget summary- Here you will see just how much you can spend. This money is shown in three ways, the lump monthly sum, a weekly amount, or a daily amount. As long as you don't go over that number, you will have enough money for the rest of your budget. It will also feature a breakdown of what your budget it, where your money is going, and what your income VS spending is! + +&#x200B; + +So what is new this year? + +&#x200B; + +* Now you can choose to calculate your spendable as either a Daily spendable OR by pay period. this can be changed on the fly. +* Savings are calculated as a percentage taken from each pay period- as opposed to each month. +* By adding a due date to bills your sheet will remind you of how many bills you still have left this month +* The daily expense tracker was added back in! to my surprise many of you requested it be added again +* Savings Goal Calculator. lets you set a savings goal and automatically increments and adds to that goal as time passes. you can manually adjust it using the area below. +* Stonks- this is honestly more of a nerd thing for me, on one hand, stocks are something that involves more financial literacy than just budgeting- on the other google finance api lets you pull real-time information, so I wanted to use that. This is optional to the sheet. +* Savings Percentage and Large purchase calculators. The savings percentage is a way for people to convert a set amount of $ to a percentage of their income to more easily select percentage in the sheet. the large purchase calculator is a smaller way of saving for a goal. It lets you put away money without having to touch your savings, and jsut dding it as an 'expense'. + +You use it like this + +* Go in +* Make a copy +* Change the numbers +* Decide what percentage of your income you want to be saved +* Budget. + +I don't work well with a lot of budgets because I have issues imagining the big picture. By giving myself a daily/weekly/monthly budget I can make sure that on any given day I haven't spent more than I'm allowed to- and if I do i can see where I'm borrowing from or where that money is supposed to come from. + +&#x200B; + +^(NOTE: All Images in the spreadsheet are from vecteezy/google also im a girl yall, I get called bro and brother every year, I just felt like I should point it out) + +&#x200B; + +TLDR: + +# [LINK TO SHEET](https://docs.google.com/spreadsheets/d/1rx6fEsm-fj_fNRPJ3szSr4oryXtVSQwahxUy3IcT-jo/copy) + + +EDIT: + +Many people have been asking me how to use this sheet- I will be teaching people on Discord how to use it on sunday at 1pm est- if youre interested message me and ill give you a link! +Staking is a phenomenal way for the average person to make money. By staking you are 1. Contributing to something bigger then you and most importantly 2. You will make as much as if you were invested in an ETF in the stock market. Yes the price of the coin can go down which is a notable risk factor. However, staking the right coin is a very great opportunity which everyone should at least look into. + +Edit: Made a new post explaining staking simply. Go into my profile to find it :) +I'm taking Microeconomics right now (I'm 28, going back to school for an MBA) and this question has come up a lot. We just started talking about the theory of monopolies. + +There's lots going on here, and lots of potential outcome that might happen if Wal-Mart actually did this. I'm wondering if this is an urban legend that never actually happened, or if they actually practiced this as some point and hurt communities as a result. + +Our econ textbook questions whether this would ever really be sound business practice -- how much money would they lose? how long would it take to regain it? in the time they were regaining it, what if competitors entered the marketplace? would people pay the prices required to regain lost cash, or would they reduce consumption or substitute? would it even be rational for Wal-Mart to regain lost cash, or after putting competitors out of business, would they simply return to business-as-normal? + +And obviously the other side of the coin is: Isn't it rational for a business to want to avoid competition? after there are no competitors, isn't it rational for a business to raise prices to take advantage of the lack of local substitutes? + +(Just so we're clear: This isn't part of a homework assignment or anything. I'm really just curious.) + +edit: Wow, didn't really expect such a turnout. Awesome discussion so far; I'm enjoying it. +HuffPost Canada: Canada’s Households Are Sitting On $100 Billion In Extra Savings. Where Will The Money Go?. +https://www.huffingtonpost.ca/entry/household-savings-canada-cibc_ca_603a97dec5b6d7794adf59b7 +**TL;DR - Hedge funds are manipulating penny stocks by exploiting the OTC market and using a pump and dump strategy to raise funds in their war against us.** + +\------------------------------------------------------------- + + So I have strong evidence to suggest that hedgies are pumping & dumping penny stocks to keep a constant inflow of cash to fight their war against us. + + + I came about this from skimming through the FINRA OTC data. + + + At first, I started to look at December data, because I wanted to see if hedge funds were trading penny stocks on inside information, by trading OTC the volume and price isn't affected on the charts and they can essentially trade behind the scenes. I wanted to know if they were making moves before the market caught up. But what I found instead was much much worse. So lets take a look... + +&#x200B; + +https://preview.redd.it/0irbaycpyqs61.jpg?width=1530&format=pjpg&auto=webp&s=9a435c6befad7210e2240d5f4686dfa8728a94ff + + and I went through the list, 1 by 1 and had a look at the charts. + +&#x200B; + +&#x200B; + +https://preview.redd.it/jixpnrktyqs61.jpg?width=952&format=pjpg&auto=webp&s=67da518371182b5bc89644fbbc4b9d6817a6ce4b + +&#x200B; + +https://preview.redd.it/eb97vl8uyqs61.jpg?width=952&format=pjpg&auto=webp&s=a8f25606dd10a875613e779392b3729d0e3a602f + +&#x200B; + +https://preview.redd.it/dkfxifuuyqs61.jpg?width=952&format=pjpg&auto=webp&s=072252fac6bb393e71f362605bfbf4d437b7b62d + +And I notice something strange, not only were all the patterns very much alike, but they were all reacting to the GME price. Okay, so there's a common pattern here, which peaked my curiosity. So I looked at the data from another angle, we've seen the stocks that have closed really low, let's look at the ones with the most volume. + +&#x200B; + +https://preview.redd.it/wrz3ful2zqs61.jpg?width=1530&format=pjpg&auto=webp&s=53f039e6084538021d6b395c844feef05219932b + +&#x200B; + + Right, well we can see that HCMC was the most traded, and we've already looked at that chart so let's move onto the others. + +&#x200B; + +[ As stated in the image, this one is different not sure why yet though. ](https://preview.redd.it/58f1m534zqs61.jpg?width=952&format=pjpg&auto=webp&s=7f58a4337beb2623fd954bf8462720fef71a9728) + +&#x200B; + +[ Right okay. We're seeing common patterns here again. ](https://preview.redd.it/yqjpmu96zqs61.jpg?width=952&format=pjpg&auto=webp&s=1e5c8b9c2904aae0af2b8d58cb15f1120161c5cc) + + Again, all this data reconfirmed what I was thinking, whoever was doing this was doing it on a large scale and for a specific reason. I already knew who it was, I just needed to confirm it. So let's go over the OTC data again. But this time, let's see who's actually trading those securities. + +&#x200B; + +# *** DRUM ROLL *** + + Let's start with HCMC + +&#x200B; + +[Anybody who wants to look into GTS be my guest.](https://preview.redd.it/nonr2owczqs61.jpg?width=1131&format=pjpg&auto=webp&s=5f53ada89f3ae99836361563e05a98a2b85c09be) + + Ah, well there's no fucking surprise there then is there? Let's look at the others to bolster our dataset + +&#x200B; + +https://preview.redd.it/rmw4e14hzqs61.jpg?width=1122&format=pjpg&auto=webp&s=5d48b117bcb95b2cd76ac7e13e6485dec0432b26 + + Ah, well this is concerning – because that's nearly 3 million shares we can't see. You might not think that's a lot with a penny stock, but this stock was pumped from 50c to $14! Which is a x28 return on 3 million shares. That's a big fucking return! Similarly, if we go back another month on this very stock... + +&#x200B; + +&#x200B; + +https://preview.redd.it/dfoz74vpzqs61.jpg?width=1125&format=pjpg&auto=webp&s=cbf9429e23a1446dceee5cef90d6520df1e1f3b1 + + Right now this is extremely concerning, because somebody or some people traded 600 million shares and we have no fucking idea who. We can calculate from this how much money is being made, but that's for another DD – this one is just to bring light to the issue. So let's continue... + + +&#x200B; + +https://preview.redd.it/3r4cvztszqs61.jpg?width=1122&format=pjpg&auto=webp&s=62d831451f8a98cc28e38527f2bb2370482549da + +Oh look who it is again, it's **shitacunt**! Yaaaaay! Keep in mind this is for one month. There were another billion the month prior too. + + +Let's keep going... but I'm sure you are starting to get the picture by now. + +&#x200B; + +[ Yea, citadel again. No surprise. ](https://preview.redd.it/jjfidtxvzqs61.jpg?width=1127&format=pjpg&auto=webp&s=6704ecd1ec3ab6069ba7c1d13eba16aac3b16654) + +Shall we do one more? + +Let's look at WDLF through january and february. + +&#x200B; + +[WDLF OTC Trades in January](https://preview.redd.it/t5d0ih5yzqs61.jpg?width=1117&format=pjpg&auto=webp&s=2fe62d1a14cc555b3704a42169653a7e0b6e0429) + +&#x200B; + +[WDLF OTC Trades in February](https://preview.redd.it/s80k71ryzqs61.jpg?width=1112&format=pjpg&auto=webp&s=a6eb0d33ce973adf92797236ab7a289c3b5403ec) + +Yea, we're numb to this now. But you're getting the picture. Citadel & Co are trading an absolute fuck ton of penny stock shares. Shall we look at what they're doing with them? I'll use a single chart for this, but they all look the same anyway so the principle still stands. + +# The hedgie strategy to pump and dump penny stocks to raise capital to fight us. + +&#x200B; + +[There's the basic jist of the current hedgie strategy. Keep in mind this is happening ACROSS 100s MAYBE 1000s OF PENNY STOCKS](https://preview.redd.it/w8ngpdv20rs61.jpg?width=1405&format=pjpg&auto=webp&s=9541265c2d21c954b7e31cabf867bfb3d8a6e1ed) + +&#x200B; + +Closing comments: I'm not entirely sure if they can do this ad infinitum, but they can sure keep it up until it's patched. Secondly, I'm going to do another DD at some point to list all the hedgies taking part in the strategy, so we can see who we're up against, and then I'll do a bit of math to see how much money they're actually raising. + +From there, we can see how much we are costing the hedge funds, how much they're making and who we're fighting against. + +# BONUS ROUND + +Oh and as an added bonus, check this out... + +&#x200B; + +[These are the trades of WDLF within February.](https://preview.redd.it/70stlbyj1rs61.jpg?width=1280&format=pjpg&auto=webp&s=362e4bbe1b7c9cc3da1d4b77220edd4284ba6e98) + +With this data, we can see that somebody is clearly hiding their trades. There's a lot to unpack from this, but that's for another DD. + + +Peace x +Recent announcements: + +#[GameStop Releases First Quarter 2021 Financial Results](https://investor.gamestop.com/news-releases/news-release-details/gamestop-releases-first-quarter-2021-financial-results) + +[GameStop Announces Appointments of Chief Executive Officer and Chief Financial Officer](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-appointments-chief-executive-officer-and) + +#[8-K](https://investor.gamestop.com/node/18941/html) + +#[8-K](https://investor.gamestop.com/node/18946/html) + +#[10-Q](https://investor.gamestop.com/node/18951/html) + +#[8-K](https://investor.gamestop.com/node/18956/html) + +--- + +#HOW TO LISTEN IN ON THE GAMESTOP WEBCAST: + +#[WATCH ON GAMESTOP'S OFFICIAL YT CHANNEL](https://youtu.be/g2eBhTtxeu4) + +***or*** + +#Visit https://investor.gamestop.com/home + +#Click "Listen to Webcast" + +#HIGHLY LIKELY TO FILL UP BEFORE 5PM +I have created an onlyfans for the sole purpose of investing all of the money I earn. I’m earning about $500 a month (not great I know) and I want to invest all of it (after tax) into an index fund, every single month. +Is this a good idea? + +I have a normal job that pays my bills, but I can’t afford to invest, so I made the onlyfans. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- 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. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + 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! + +35yo single male. Life feels like it's getting away from me. + +This probably isn't the right sub, I'm sorry. I'm just lost and feel very alone right now. + +Edit: Jesus you guys are amazing. I seriously feel better reading your comments. Obviously I have no idea what your all talking about but I've got some good resources to look into. Thanks! +&#x200B; + +https://preview.redd.it/cu2dwu87hpy31.jpg?width=1080&format=pjpg&auto=webp&s=f74a9ab1c5bd15797ac4bd164fcccd4ae141fc8f + +If this goes tits up I am going to quit YOLO'ing for a while. This is 90% of my remaining cash position. I reeee'd all of my previous profits away over the past two weeks. + +Wish me luck, fuckers. + +# EDIT: Got stopped out for a 20k loss. See ya later guys. Legit going to fucking off myself now this is retarded. + \*Ignoring/disregarding the [utility monster](https://en.wikipedia.org/wiki/Utility_monster) argument (assume it is not possible/all agents' utility follow the law of diminishing returns) +Hello fellow investors + +I have wanted to write this post since long but laziness got to me, this post is for all those who have just started earning/got married or did not track their finance. + +I have been tracking my finance regularly since I bought a home, I used to it before but then left in between so let me dwell further: + +**How do I track my expense:** + +I use the app “Walnut” ( [https://www.getwalnut.com/](https://www.getwalnut.com/) ) to keep a record of my transaction, it reads my SMS and maintains a monthly journal, it has some limitations for example if I pay something using amazon pay and have used my credit card for it - it tracks it twice as both the bank and Amazon send me an SMS - so double counting. + +95% of my expenses were digital, and since the pandemic its almost 100%, so it’s easy to track. + +My wife and I have this app, so we get a monthly report, which is then used to put it on my template (will upload it here later) + +**My Template for tracking** + +I have a simple excel for tracking, which has the following fields. + +&#x200B; + +|**Date**|**Expense**|**Subcategory**|**Amount**|**Mode**|**Notes**| +|:-|:-|:-|:-|:-|:-| +|12-12-20|Health|Medicine|500|UPI|Pharmeasy| + +**Date**: Self Explanatory + +**Expense**: Major categories + +* Housing +* Daily Needs +* Transport +* Fun +* Baby Expense +* Health +* Others + +**Subcategory**: All the above categories have a smaller description attached, for example: + +**Health** + +* Medicine +* Doctor +* Test +* Others + +**Amount**: The amount you spend + +**Mode**: Cash, Credit Card, etc + +**Notes**: If I have paid advance to someone (domestic help) if some part of the money will be refunded etc + +**Learning from expense tracking and advantage:** + +1. Initially, I had a rough idea that how much I spend based on what **Spend = Salary - Savings**, once I started tracking it was easy to plan a budget because while cataloguing the expense I could see where we (me and wife) were overspending, it was funny once we realised that we ordered online food a lot more than we thought ( we were in the range of 7k while we thought we were in 3-4 k. The categorisation of spends also help identify essential expenses and something that could be controlled +2. Tracking refunds ( since a lot of payment were digital, there were cases of double payments, payment failure and other cases and we used to forget about them, now it’s simpler +3. We also realised that taking membership of various apps have brought down expenses (Swiggy, Prime, Big Basket, Licious), we are saving much more in delivery fees, and sometimes we used to order things to save on delivery fees. It might defer from person to person and place to place. +4. From the past two years of data, I exactly know how much emergency savings I require since all my expense are recorded including my home loan, EMI etc. - so I can create and an emergency fund which covers my expense. +5. Tracking of advance - a lot of my time my domestic help take advance from me, or there is the case of my baby sitter who saves her money and asks to transfer to her home when required easy to maintain logs. + +Link to the template: [Personal Expenditure - Template.xlsx](https://drive.google.com/file/d/10xOfuVqahsGeXqt-2QJT2aV8rLOzctR9/view?usp=sharing) (Are you able to download this?) + +Let me know other advantage and methods you use to track the expense. + +Edit 1: Based on the comments, people are getting bored of doing this task, but this is all about discipline as u/arthurpewty85 pointed out. Not to preach, but without discipline, everything is difficult, and in finance, discipline matters a lot. + +&#x200B; + +Edit 2: List of apps people mentioned + +&#x200B; + +1. [https://play.google.com/store/apps/details?id=com.realbyteapps.moneymanagerfree](https://play.google.com/store/apps/details?id=com.realbyteapps.moneymanagerfree) +2. [https://www.aspirebudget.com/](https://www.aspirebudget.com/) +3. [https://play.google.com/store/apps/details?id=mic.app.gastosdiarios](https://play.google.com/store/apps/details?id=mic.app.gastosdiarios) +4. [https://play.google.com/store/apps/details?id=com.helloexpense](https://play.google.com/store/apps/details?id=com.helloexpense) + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +I want to meet more people both for professional and personal reasons. I work in tech, I'm doing all right, but at some point I may want to raise money for my own thing or just meet people I can work with or invest with. + +In terms of leisure, I'm interested in the arts and would love to be part of that community. + +I feel like I can reach out to people and chat with them, but not sure what's the best way to go about maintaining those relationships afterwards. I don't really have an ask for them right now, just want to meet people and have them think of me when interesting things come up. + +Some of these folks live all over the world, so inviting them over is not an option. Plus that's a lot of work. + +What do you all do? Just text folks regularly with interesting articles or do you personal newsletter or something else? +It’s a very vague question so let me explain. Politically, the issue of a “shrinking middle class” has been a hot one in the US for a long time. I’m not sure if that’s actually happening or not but because it’s a mainstream political concern, let’s assume it’s true. The decline in middle class jobs is often attributed to the decline of industry either through globalization/outsourcing or dying businesses(coal mining for example). + +What I hear as a common solution to this is to simply create middle class jobs. I hear two different ways of getting their that varies in implementation across political ideologies: + +1. “Bring jobs back” or reevaluate trade agreements with other countries to support domestic production and, by extension, employment. + +2. Create middle class jobs out of new and growing industries, such as renewable energy production. + +These discussions, in my belief, forms a narrative that a middle class is difficult to maintain without something in between unskilled, low-valued labor that anyone can do but simply doesn’t pay very much, and high skilled labor that pays beyond middle class but isn’t accessible to everyone. +I’ve been reading as much as I can about all this in the last few months. John C. Bogle’s ‘Common Sense Investing’ book was the final straw, and I’m all in for no-stress set and forget index fund investing. + +Right now my plan is to split 40/40% between VGRO and XEQT, then sprinkle in 20% ZDV for some sweet, sweet dividend nectar. + +Am I on the right track with that plan? +I needed to buy a plain shirt for work, so I visit the thrift store for the first time in a few months (haven’t gone back because of reasons I’m about to write)..racks of clothes that are either: overly priced and/or the items are heavily used and look terrible. I’m not trying to be picky, but it’s frustrating watching scalpers/resellers walking around and pulling all the best stuff to resell. Seriously? If these people really needed the money, they’d understand that others who come in to the store actually need these items at a discounted price and leave those items on the racks. I’m frustrated. + +Edit: I understand there are special cases..this is a RANT, people. I am not looking to have a discussion about who “deserves” to do this or not and why it is better to be a scalper. +As originally posted on /r/ethtradernl: + +I don't know if you guys already noticed this: +http://blockchainapac.fintecnet.com + +There's a blockchain for finance conference in Singapore on the 20th and 21th of June. + +"FinTech Network developed the programme for BFC APAC 2017 through more than 35 primary research calls with leading businesses and innovators within the blockchain space. The result is an agenda featuring the most detailed updates delivered by the most prominent individuals heading up key blockchain initiatives." + + +What's very interesting: + + +>The content of the programme is designed for those individuals tasked with positioning their organisations for blockchain adoption and to carve out areas where distributed ledger technology can improve their business. The audience will be made up of senior representatives from financial institutions, blockchain and fintech providers, professional services, trade bodies and government. You can see a sample of the delegate list below. + + + +**Speakers:** + +* Mitsubishi Financial Group (EEA-member) +* BNY Mellon (EEA-member) +* China Construction Bank (one of the 4 biggest banks of China) +* Deutsche Bank +* HSBC +* Mizuho (big bank in Japan) +* Nordea Bank (biggest bank in Scandinavia) +* UBS +* Allianz (insurance company) + + +**Some of the attending guests:** + +* Senior vice-president + chief strategist financial innovation of Hitachi +* Head of business development Asia Pacific MasterCard +* Research & Development manager + a research engineer from PayPal +* Senior Officer of the SEC +* Vice President strategy planning & research, Huawei Technologies +* Vice President, JP Morgan +* Innovation Director, UBS + + +So maybe an EEA announcement this week? + +Hey everyone, some of you may remember me from a few months ago when I posted this story about hitting $5k in savings: [https://www.reddit.com/r/povertyfinance/comments/lirrhk/reached\_5000\_in\_savings\_after\_this\_last\_paycheck/](https://www.reddit.com/r/povertyfinance/comments/lirrhk/reached_5000_in_savings_after_this_last_paycheck/) + + +Anyway, I just wanted to pass along a brief update. Based on what I'm expecting my most recent paycheck to be (assuming my calculations are correct), I've reached my next goal of 10k with a total of 10,211.29 in my accounts and all monthly bills are accounted for ahead of this. I've never reached 5 digits before; been so used to skimming by going paycheck-to-paycheck that if anything, changing jobs during the quarantine did me a favor and forced me to get smart with money... or at least better with it. I'm not out of the water yet though; I've been in the process of saving this money up to pay off some outstanding bills from a long time ago, and I've been more-or-less using Dave Ramsey's 7-step method to do it. If you're not familiar with him I'd check out his books and/or radio show; some people swear him off but I've had good results from his teachings so far. + + +No real point to this post other than to say I feel good. I've been working almost exclusively 70-hour weeks for six months to get this far, 14 hours a day on average, and I'm starting to see the results in real time. I guess I could be considered out of poverty by this point depending on how you define it, but I'm going to hold off celebrating too much until the last of my old debts are paid off. This $10k will be used toward that goal very soon, but right now I'm just relishing the fact that it's there. Thank you for reading and your support previously, everyone. Keep your heads up high; a better life is possible for all of us. + +EDIT: I've seen a number of people asking what I do for work and the details therein, so let me explain. I'd respond to your comments individually, but I'm only on break for a little bit and don't have the time. + +In September I started work as a truck driver after switching jobs and training for a CDL- class A in August. I work for one of the major U.S. carriers; would prefer not to name which (not Swift though; they're a joke in the industry). I started out driving long-haul and was making peanuts for the work put in; one weekly paycheck was only $252 and I never made more than $700 or so per week, usually less, until I switched from long-haul to what's referred to as a dedicated account with a specific customer. When I made that jump in November, my pay increased substantially. + +On this account, I make over $22/hr. After 40 hours I'm on overtime making more than $33/hr. I've yet to be anywhere below 40 hours on a week; usually I get about 65-70. At the extreme end, I can pull 80 hours if I go 6 days a week instead of 5. My day usually lasts from 5 a.m. to 7 p.m. or thereabouts, and federal DOT regs state that the truck cannot move past on-duty hour 70. I can *work* past 70 hours, I just can't *drive* past 70 hours. At that point, I have 34 hours minimum off for hometime, also per DOT regs. So that's how I pull 14-hour days and 70+ hour workweeks, and how I've been able to save up a lot in a short amount of time. To date the most I've made in one week is $1,945 gross, though theoretically I may break $2,000 at some point. Honestly I could have hit this milestone a few weeks ago if I hadn't blown money elsewhere, but oh well... + +Also someone asked my age; I'm 27 years old. If I'd gotten my CDL at 21, my life and finances would be much better off today. And for those concerned for my health, I'm only doing this temporarily, maybe a year or two, until I save up enough to wipe out my debt and pay for the rest of my college degree, on which I'm about halfway through. + +As for motivation, I think Dave Ramsey frames the ideal better than I could: "live like no one else so that later, you can live and give like no one else." + +Hope this helps. +That's it, that's the content lol. I just wanted to tell someone. + +It's now down to $5000 limit and gotta save for a house (it gets easier right without a credit card simmering at the limit?) +To start off, I'm someone that has diligently tracked all my expenses and incomes since the beginning of my adulthood and I highly recommend it. It lets me get a bird's eye view of my spending habits and course correct. + +But something that bothers me is how to handle investments and redemptions into and from mutual funds and stocks. + +Technically, every time I do an SIP or lump sum purchase, it is an expense and every redemption is an income in my budgeting records. But that's not exactly accurate as spending on mutual fund investments is not akin to the other purchases we make. Similar case with the incomes from redemption. + +The way I see it, an indulgent purchase of some electronic gadget I don't really need is something that should reflect negatively. On the other hand, a "purchase" of an index fund units is a good use of money and will be negatively reflected alongside the earlier purchase. + +Any ideas about how to handle this? Thanks. +The thing is I’m the only person in the house that doesn’t have debt and have good credit (~700). My mom is forcing me to co-sign a 250k mortgage loan on the house with 5.2% interest. Obviously, I’m not comfortable with this. I’m a full-time college student who work two part time jobs. She and my aunt are the ones who’s going to pay and they promised me that it won’t be an issue where this comes up but nothing is ever guaranteed in life. I need help I don’t know much and my family shunned me when I said I don’t want to sign it. + +My question is what is the pros and cons of this? I’m so lost and I need help. They said worst case scenario if we can’t make more payments then they will find someone to buy it off of us and it won’t be an issue but what happens to me if we got foreclosed on? + +Edit: I really am overwhelmed by a lot of this. I didn’t expect this post to get a lot of responses but I really appreciate all of the inputs here. Everyone say the same thing but it is really hard for me to process right now since this is such a huge change in my life if things go south. + +I just want to say thank you for what a lot of you are saying what I already thought. I still am struggling to go through this. My mom was the biggest support system I had. She made a lot of sacrifices for me but I feel incredibly hurt she threw it back in my face like this when I told her I’m not comfortable with such a big responsibility. + +I will update once things settle down more and that we have a talk together as a family + +edit 2: a lot of people asked how can it get approved and I have the same question because I don’t make that much money even with two part time jobs. She apparently went to a finance company that deals with mortgage loan specifically and not the bank +I got a message today from my Swedish broker Avanza. In it they state that from January 1st, in agreement with Morgan Stanley - they will automatically enroll my pension to be loaned out (all currently in GME). + +And guess what? They will take 40% of my returns for doing so to cover for the cost of said “service”. + +For any Swedes who gets this, remember you have to opt out if you don’t want this as its opt in by default. + +Edit: To those telling me to DRS these. I can’t as its a retirement account. It’s just not possible. I have already DRSed from my other accounts though. + +Edit2: For the confused Swedes, this applies to your Tjänstepension, not your ISK. +If DFV wanted to raise money for a hedge fund could he or would people just say, "oh he just got lucky on GME"? + +If someone became a self-made multi-millionaire like DFV from their own investments do you think they would be able to attract capital? Or can you only raise money for a fund now if you meet the below requirements?: + +* Went to Ivy League school +* Underperform the S&P 500 over the long-run +How do you know you’re ready? At what point are you comfortable enough to walk away from your career to only use your rentals as your income? + +Also, how do you take benefits into consideration? How do you deal with health insurance, life insurance, other benefits, etc.? + +I’m nowhere near that point (haven’t even bought my first SFH yet), but it’s a goal I’d like to ultimately reach. I know this will vary from person to person but I’m curious to see what the community has to say. +Been shopping at thrift stores my whole life, this time of year thrift stores always have better than average quality of stuff. People donate older stuff that is still nice, just to make room for stuff which is brand new. It’s especially good if you want new clothes and shoes, there’s always lots of clothes still with tags people got as gifts but don’t like. Good luck! +The message threatened to liquidate to pay down the debt, but the retarded algo that sent out this message does not know I have nothing to liquidate - no stock, no options, no assets, no cash in any account. + +Is there anything else they can do? So far I just am keeping quiet, and uninstalled the app from my phone. It's a month now and so far, no legal notices or no one knocking on the door.... at least I think .... I haven't been home in over a month. + +Most of it was $SPX calls/puts across a period of week. + +&#x200B; + +https://preview.redd.it/8z8334s5k9c81.png?width=1214&format=png&auto=webp&s=4d898b8db3ed04b87d84f7edaa743aa31af316f7 + +&#x200B; + +https://preview.redd.it/pnqj61urvac81.png?width=1506&format=png&auto=webp&s=560942e7f481974b964f6760122af98736d34392 + +&#x200B; + +&#x200B; +I've been dating a girl for about a year, and she recently confided in me that although our dates are always fun and she thinks I'm quite charming, she worries that I can't always afford them. I'm actually quite successful and have a relatively high net worth, but she said she's noticed me carefully consider purchases (even smaller ones) and so on. I am definitely quite frugal by nature, I grew up poor - my family doesn't have any money and I worked menial jobs to pay my way through college. Those frugal habits are hard to shake, although they've served me well for my FI/RE ambitions 😁 + +&#x200B; + +I told her not to worry and that I'm quite comfortable, but I'm worried she will feel deceived if she sees the actual figures. WDYT I should do? +I’m about to enter into negotiations with my employer regarding my emigration to the UK (probably Yorkshire). Worst case scenario would be me earning the GBP equivalent of my current salary: £2700pcm before tax. In South Africa it’s decent money, but how far would that get a single guy working from home in Yorkshire? + +Edit: Thank you so much for all the replies!! Greatly appreciated. Consensus is that I should be asking for £50k to £60k pa. +I’m a British citizen, so no visa etc. +Job is a software dev for a Canadian company. Where I live is irrelevant to them. Yorkshire is a personal choice. +So I know absolutely nothing about investing - other than that I need to start doing it. I am 24 and have some money sitting in my savings account, I've also opened up a TFSA but have not used it, I know that I should be investing it but I just don't know where to start/don't know the first thing about investing. + +Where do I start? Any help would be appreciated! +Straight to the point. I just reached my goal of $1250 a year in dividends, now shooting for $2k a year. I have just shy of $25k invested and have gone from YOLO'ing money into the market to making much more informed decisions. My next goal is to have $50k total invested in the next 5 years. Disclaimer: This is broad information I have learned on my journey through investing. I have tried to do my research but cannot guarantee everything below is 100% up to speed. You should always do your own research as well ! + +The portfolio: https://m1.finance/SueDRtc7ioXN + +One thing to keep in mind here is that this is not strictily a dividend portfolio. It also contains elements geared toward growth. The idea being that somewhere down the line ill harvest the growth and dump it into more income generating assets when im older. The weighted percentage of the allocations as they are now is also simply a reflection of how I want auto-invest to spread out the money. The actual weight of the individual holdings is slightly different. + +If you want a really well thought out portfolio that is strictly geared toward generating income with a low expense ratio, opportunities for appreciation and low volatility I highly recommend checking out this portfolio put together by rao-blackwell-ized on the M1 finance subreddit. https://m1.finance/HwnAhLIW6Mp6 + +You can read about the methodology behind his creation of this pie [here](https://www.reddit.com/r/M1Finance/comments/go08t3/i_created_a_dividend_pie_for_you_guys/) which is a highly worthy post on its own. + +**Tax efficiency** + +You should start by maxing out an IRA or at the very least contributing to one. Dividends earned in traditional IRAs are not taxed when they are paid or reinvested, rather retirement account withdrawals are taxed at one's current income tax when they are withdrawn. Roth IRA funds grow tax-exempt, including the payment of dividends, and so these are not subject to taxation. + +For me personally I just picked a target date fund in my IRA and let it ride. I wanted to pursue dividend investing in a taxable account so that I could use the dividends if I wanted to to supplement my current income. The perfect example being back in march when I was furloughed and it took forever to get on unemployment. My dividends bought groceries that month. + +You have to ask yourself what YOU want and what your goals are for dividend investing. Now onto the meat and potatoes of the post ! + +**Qualified vs Non qualified dividends** + + +There are two types of ordinary dividends: qualified and nonqualified. The most significant difference between the two is that nonqualified dividends are taxed at ordinary income rates, while qualified dividends receive more favorable tax treatment by being taxed at capital gains rates. + +What classifies a dividend as ‘qualified’ for tax purposes? + + Ordinary dividends are the most common type of distribution from a corporation or a mutual fund - as they are paid out of earnings and profits. Examples of ordinary dividends that do not qualify for preferential tax treatment include: + +* Generally, dividends paid out by real estate investment trusts (there are instances where dividends can be considered qualified, provided certain requirements are met - - See IRC §857(c)) +Generally, dividends paid out by master limited partnerships (However, if the MLP is invested in qualifying corporations and it receives qualified dividends from those investments, it would pass out qualified dividends to the partners) +* Dividends paid on employee stock option plans +* Dividends paid by tax-exempt companies +* Dividends paid on savings or money market accounts by mutual savings banks, mutual insurance companies, credit unions and other loan associations + +I see alot of people investing heavily into REIT's because of their attractive yield. Thats well and fine if you know what you're buying but keep in mind REIT's are taxed at a higher rate than other dividends and some can carry volatility because of the assets they invest in (shopping malls, brick and mortar retail etc.) For this reason it is my opinion that REIT's should only be held in tax differed accounts like an IRA to maximize your tax efficiency. Bonds are a good alternative to REIT's. The yield might not be as high but they're much more stable. + +**Choosing stocks vs index funds** + +There are alot of great companies out there paying attractive yields but you shouldnt get caught up chasing the yield if the company itself is performing poorly. If the company does not have the fundamentals to support its dividend then you could be at risk of it lowering or disappearing all together down the line. + +I would take a lower yield from a company with a track record for growth and increasing its dividend every time over a company with a high yield but is struggling to support itself. In a buy and hold type setting, you want to ensure that what you pick is set up for long term success. + +The [Dividend aristocrats](https://www.fool.com/investing/stock-market/types-of-stocks/dividend-stocks/dividend-aristocrats/) are a good place to look for quality companies that have a history of increasing dividends. + +This leads me to my point in choosing what to invest in. If you dont have the time or willingness to track individual stocks, then I highly recommend just going with a broad index fund approach. The yield may be lower but ETF's are inherently more resilient against downturns and market volatility since theyre a package deal of many individual holdings and can provide easy diversity in your portfolio. One thing to keep in mind though is overlap. If you invest in multiple index funds theres a good chance those ETF's may hold positions of the same stock. Thats fine if you're ok with increased exposure to that particular holding but it IS something to be aware of. + +You can use the fund overlap tool at https://www.etfrc.com/index.php to see the overlap in your index funds. + +**Expense ratios** + +These fees — inherent in all mutual funds, index funds and exchange-traded funds — can significantly drag down your portfolio returns. And although they can’t be avoided completely if you invest in these funds, you can take steps to keep these costs as low as possible. + +What is an expense ratio? +An expense ratio is an annual fee expressed as a percentage of your investment — or, like the term implies, the ratio of your investment that goes toward the fund’s expenses. If you invest in a mutual fund with a 1% expense ratio, you’ll pay the fund $10 per year for every $1,000 invested. That money is swept out of your investment in the fund, meaning you won’t get a bill for the charge. That’s one reason why these fees are easy to miss. Looking for funds with low expense ratios is key to making sure your making the most efficient use of your money. + +**Bonds and Treasuries** + +This is an often overlooked area in dividend investing. While bonds pay interest as opposed to a dividend meaning theyre taxed at your normal income rate, they carry much more stability than REIT's. Treasuries and municipal bonds may also be exempt from federal or state taxes all together depending on a number of factors. + +* Interest income generated by municipal bond funds is generally not subject to federal taxes, and may also be exempt from state and local taxes if the bonds held by the fund were issued by the state in which you live. + +* Funds that exclusively hold U.S. Treasury bonds may be exempt from state taxes. + +Bonds represent the debts of issuers, such as companies or governments. These debts are sliced up and sold to investors in smaller units - for instance, a $1 million debt issue may be allocated to one-thousand $1,000 bonds. In general, bonds are considered to be more conservative investments than stocks, and are more senior to stocks if an issuer declares bankruptcy. Bonds also typically pay regular interest payments to investors, and return the full principal loaned when the bond matures. As a result, bond prices vary inversely with interest rates, falling when rates go up and vice-versa. + +The bond markets are a very liquid and active, but can take second seat to stocks for many retail or part time investors. It is often for professional investors, pension and hedge funds, and financial advisors, but that doesn't mean that part-time investors should steer clear of bonds. In fact, bonds play an increasingly important part in your portfolio as you age and, because of that, learning about them now makes good financial sense. In fact having a diversified portfolio of stocks and bonds is advisable for investors of all ages and risk tolerance. + +Im comfortable with paying a higher tax rate on bonds because I know theyre stable and can provide a safe harbor to generate income while preserving capital against downturns and inflation. + +**In conclusion** + +Dividend investing can be a great way to pursue your financial goals. The thing you have to remember about investing in general is that regardless of your approach or strategy it is simply a financial vehicle to get you from point A to B. Understanding the fundamentals of dividend investing (your tax liability, what to invest in, your risk tolerance etc) are all important factors to figure out before you yeet your money into the ether of the market. There is an incredible amount of information to digest so give it time and dont get discouraged. This is a buy and hold approach with a long timeline ! +I'm just really proud, and had to share with people who would understand. I'm a single mom, I've had to do Toys for Tots a couple years running. But I'm pretty stable right now. I applied for jobs I didn't actually qualify for on the theory that if I landed an interview, I might convince someone I was worth training. And no one was more shocked than me when my plan actually worked. They gave me a year to get some certifications, and I did it, and with the certs, came raises. I got the stimulus money for the kids and was able to get ahead on bills and put some away for an emergency fund. I'm...stable. My bills are paid with my paycheck and I decided to shop for Christmas presents early so I don't have to stress in December, and I could. I didn't have to dip into my emergency fund for it, I used some of the monthly child tax credit that's happening right now, and I have Christmas presents hidden away in the closet. I was able to buy Legos, not the off brand duplos from the dollar general, but an actual Lego spaceship for my oldest. Is this what financial stability feels like??? +# A Nomura Document May Shed Light on the Repo Blowup and Fed Bailout of the Gang of Six in 2019 + +By Pam Martens and Russ Martens: January 19, 2022 \~ + +There are numerous reasons that members of Congress, bank regulators, and mainstream media don’t want to talk about the repo blowup in 2019 and the massive Fed bailout that followed. Economist Michael Hudson previously explained how the Fed lacked authority to bail out a handful of trading houses on Wall Street under the dictates of the Dodd-Frank financial reform legislation. Dodd-Frank restricted the Fed to using its emergency lending powers to rescue a “broad base” of the U.S. financial system. + +As we detailed on Monday, there was no “broad base” of the U.S. financial system being bailed out by the Fed in the last quarter of 2019: 62 percent of a cumulative [$19.87 trillion in rolled-over repo loans](https://i.imgur.com/jWLgqSx.png) went to just six trading houses: Nomura Securities International ($3.7 trillion); J.P. Morgan Securities ($2.59 trillion); Goldman Sachs ($1.67 trillion); Barclays Capital ($1.48 trillion); Citigroup Global Markets ($1.43 trillion); and Deutsche Bank Securities ($1.39 trillion). + +Notice that three of the firms listed above are affiliates of foreign banks (Nomura, Japan; Barclays, UK; Deutsche Bank, Germany.) **Now imagine the embarrassment to the Fed if it was forced to admit that it had to secretly bail out the affiliates of foreign banks for the second time in 11 years because the derivatives of U.S. banks were still not adequately regulated, after derivatives had played a central role in the worst financial crash in 2008 since the Great Depression.** + +All six of the Wall Street trading houses listed above have one thing in common: large derivative exposure. Consider the revelations in the Consolidated Statement of Financial Condition for Nomura Securities International for the period ending March 31, 2019. (As indicated above, Nomura Securities International received the largest cumulative total of repo loans from the Fed in the fourth quarter of 2019.) + +The financial statement shows that Nomura Securities International had total assets of $127.5 billion but potential derivative exposure as follows: (See pages 30 and 41.) A “Maximum Payout” on protection sold on credit derivatives of $14 billion; and a “Maximum Payout” on “derivative contracts that could meet the definition of a guarantee” of $97.7 billion. + +**But here’s the really scary part of Nomura’s pile of derivatives: the name Nomura does not appear once in the report on derivatives that might pose a threat to the U.S. financial system that is published quarterly by the Office of the Comptroller of the Currency (OCC).** It didn’t appear in any 2019 report and it still hasn’t appeared there. We asked the OCC about that yesterday and their response was that they don’t comment on individual institutions. + +**Three of the largest holders of derivatives in the U.S. that do appear on the OCC’s quarterly report just happen to be the trading affiliates of the same three firms that were among the largest six borrowers in the Fed’s repo loan facility in the fourth quarter of 2019: JPMorgan Chase, Citigroup and Goldman Sachs.** + +**If Nomura was a derivatives counterparty to these firms and it found itself on the wrong side of a credit derivative trade, such as the blowup of Thomas Cook one day before the Fed launched its repo bailout, its credit rating could have been in severe jeopardy if this fact became public. A credit ratings downgrade would have likely meant that Nomura would have had to post large sums of additional collateral with its derivatives counterparties.** And Nomura was not exactly in an ideal financial position in the fall of 2019. + +In April of 2019 the parent company, Nomura Holdings, announced it would need to cut $1 billion in costs and close more than 30 of its 156 retail branches in Japan. It had just suffered its first full-year loss in a decade. + +Less than three months after Nomura Securities International had begun to take giant secret loans from the Fed’s repo facility, Nomura Holdings announced that it had named a new CEO, Kentaro Okuda, who was quoted in the Financial Times as taking charge with a “sense of crisis.” + +**There is a strong stench of the Lehman Brothers and AIG derivatives fiascos of 2008 swirling around the news blackout of the Fed’s secret bailouts of 2019.** + +According to documents released by the Financial Crisis Inquiry Commission (FCIC), at the time of Lehman Brothers’ bankruptcy on September 15, 2008 it had more than 900,000 derivative contracts outstanding and had used the largest banks on Wall Street as its counterparties to many of these trades. The FCIC data shows that Lehman had more than 53,000 derivative contracts with JPMorgan Chase; more than 40,000 with Morgan Stanley; over 24,000 with Citigroup’s Citibank; over 23,000 with Bank of America; and almost 19,000 with Goldman Sachs. + +The U.S. government had to take over the giant insurer, AIG, because it was counterparty to tens of billions of dollars in derivatives to Wall Street banks and had no money to pay them. This is a chart that AIG was eventually forced to release. It documents that more than half of its bailout money came in its front door and then was quietly funneled out the backdoor to pay off Wall Street and foreign trading houses. Five of the Gang of Six that were feeding at the Fed’s repo trough in the last quarter of 2019 appear on this chart: Goldman Sachs, Deutsche Bank, JPMorgan, Citigroup, and Barclays. + +**~~It’s long past the time for the Fed to come clean on exactly what happened in the fall of 2019 that caused it to launch its repo bailout facility. Americans will simply never trust the Fed if it doesn’t.~~** + +edit: "***Americans simply never trusted the Fed to begin with."*** u/BlueCoastDoge + +edit2: adding a visual of what the [Derivatives Market](https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/) looks like for those that don't know (warning you may sprain your finger scrolling). u/mtrycz + +edit3: added a visual chart of the [funny business accounting](https://i.imgur.com/jWLgqSx.png) over there at the FED. +I understand that everyone's definition of success/financial freedom and planning are different. I understand that everyone comes from different financial background and has varying expenses across their life. I am looking to understand how much your salary was at that time you were able to take a deep breath and hear from you all. For me, I am still under the 80k mark and have a decent amount of student loan debt so I can't even understand what that number will be for my situation. +I'm about to be 17 and I just noticed how much money you can make with investing opportunities, and I would like to be able to take these opportunities next time. However, I know absolutely nothing about investing. Maybe a book can help? +This needs to be posted many times till it gains traction. + +ECB is trying to undo mandatory buy-ins on FTDs. If I understand this right, If this passes in the EU they could just naked short any stock and never actually locate shares. And if they even failed to locate any in the time limit they would not be forced to buy the stock back. GME has a lot of FTDs, all EU apes should write their leaders in the EU parliament and comment on the rule change. + +Edit for better understanding: I recommend reading the comments here to fully understand what it means. Some say that this regulation would change the mandatory buy-in to whatever deal (like a deal to pay a small fee and not buy back the shares now) the shorting firm makes with the other side that lent the shares or holds the short position for them. + +Anybody who wants can comment here till the 9th of September. But I would first wait for some more intelligent person to read the rule first and confirm that it says what it says. + +Somebody else found this site: + +Edit: This link might not be the new rule, somebody needs to confirm this or find the real one that was talked about, but I am not that good at this. + +[https://www.esma.europa.eu/press-news/consultations/consultation-paper-amendment-article-19-csdr-rts-settlement-discipline](https://www.esma.europa.eu/press-news/consultations/consultation-paper-amendment-article-19-csdr-rts-settlement-discipline) + +Edit 2 + +Some understanding about the rule and the web article that posted about it in the comments: [https://www.reddit.com/r/Superstonk/comments/wy5bc2/comment/ilurwck/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/wy5bc2/comment/ilurwck/?utm_source=share&utm_medium=web2x&context=3) + +Edit 3: + +Okay so somebody in the other sub found these amendments [https://eur-lex.europa.eu/legal-content/EN-DE/TXT/?fromTab=ALL&from=EN&uri=CELEX%3A52022PC0120](https://eur-lex.europa.eu/legal-content/EN-DE/TXT/?fromTab=ALL&from=EN&uri=CELEX%3A52022PC0120) of this original rules [https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32014R0909](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32014R0909). Somebody intelligent pls check it out. + +&#x200B; + +Edit 4: good post in the comments about understanding the change: [https://www.reddit.com/r/Superstonk/comments/wy5bc2/comment/ilutstg/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/wy5bc2/comment/ilutstg/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Edit 5: So someone correct me if I am wrong, but from what I understood for now is this theoretical situation: a shorter needs to return shares now, but he says he does not have money for that so he can only return 20% and go bankrupt and the other 80% is your risk. Because of this new rule, you don't need to force him to buy the shares now so you say, let's make a deal you pay a small fee and we wait till the price of the shares goes down and then you slowly buy the shares and return them to me. This way when a stock goes from 10$ to 50$ they can just wait till it falls down back to 10$ to buy the stock to clear the shorts and not be forced to buy the stock. +Meanwhile, many of my stocks have already recovered. I get that stocks are forward looking. I also get that there’s no better place to invest at the moment, but it all still seems to soon and people are too eager for a recovery. + +Article linked below. + +Coronavirus: Pandemic sends US jobless rate to 14.7% +https://www.bbc.co.uk/news/business-52591262 +(https://www.youtube.com/watch?v=HMEUFcDF-fg) Link that is referenced below - in alignment with sub rules. + + +Hey guys long time user of this sub and gained a lot of value from it. I wanted to create this open question to get peoples thoughts on what I see as scary investing advice been personified as the normal - with a strange confirmation bias (especially in US/ Crypto atm) taking place. And no I'm not talking about your snake oil salesmen or 'gurus' that (at least to me) you can see a mile off, it's people who genuinely have large followings online that talk openly of crypto 'going to the moon' and generally personifying that investing is easy money. An example of this is KSI talking on a podcast recently; (see link above) + + +With investing becoming more accessible and the strong influence of social media on impressionable/ young people, I ask, should we be worried that people could get severely burned in the mid/long term here? What can be done (with the penetration of online media continually increasing) to stop this problem getting worse? Do these people need to be burned before they spend the time to learn more about investing? And any other comments people have on this topic. + + +(I must state I have nothing wrong with crypto or US tech stocks or whatever people think is the next easy money - its more the lacking of foundational investing principles/ diversification/ fundamentals/ portfolio strategy etc that this sub clearly supports) + +EDIT; yes yes, "being" not "been" - I wrote this at 6am, give this a pass please. Luckily I choose investing rather than writing books to grow my money... +A new ETF designed to bet directly against Cathie Wood’s flagship fund comes not a moment too soon for her growing band of skeptics. +All eight of the exchange-traded funds at Wood’s Ark Investment Management dropped in July and almost all have seen net outflows, with a day’s data still to be gathered. +With a clutch of speculative tech stocks including Spotify Technology SA falling out of market favor, the US$22.5 billion ARK Innovation ETF (ticker ARKK) is now trading in the red for the year. It’s a reversal from the standout performance in 2020 that earned Wood both fame and a mountain of assets. +Now ARKK is the target of the Short ARKK ETF (SARK) that will deliver the daily inverse performance of the famous fund, according to a Friday filing to the U.S. Securities and Exchange Commission. +A few months ago, when Ether was trading for about $380, I made [this](https://www.reddit.com/r/ethtrader/comments/6hc2an/ive_predicted_most_movements_correctly_so_far/) post calling that the bubble peak, and predicting the rest of the year we'd see no further rallies, just a slow, steady decline, a few pumps here and there that would lead to nowhere. I got a lot of hate for that thread, yet, look what happened. Cool, right? I made that thread because the overall sentiment made it overwhelmingly obvious. It is not about technicals, it is about observing the sentiment of the communities, because, guess what? They are what move the price! + +There is another very obvious moment going on right now: the ETH/BTC pair is very oversold. I can't predict what will happen with the BTC/USD pair, the bubble could burst right now, or it could go to 10k. I'd say both scenarios are very likely, so buying BTC right now is gambling. I can't predict what will happen with the ETH/USD pair for similar reasons. But the ETH/BTC pair is going to correct **very strongly** soon, and you know that for sure by merely observing how many people that are into ETH sold their Ether to ride the BTC rally. They will come back as soon as they get scared because Ethereum, as a whole, is very strong right now: it still has most of the dev share, the best transaction fees, the best block time, smart contracts, fucking zk-snarks, pretty much everything. So, a well-placed long on ETH/BTC might result in huge gains on the short term, even if the USD price of ETH falls. Again, it is all about sentiments, not charts. (; +Looking from the perspective of a US citizen, the salaries in the EU are often greatly depreciated. I hear about the stronger safety net and everything. However salaries in the tech and finance sector are only about 40% of what you'd be getting in the states. + +How do Europeans still manage? Do they have enough to invest in stocks, real estate, etc.? +Hello all, + +This Megathread is to be a resource for apes to have a direct link to the SEC Report as to cut down on spam in /New. The direct link to the report can be found below as well as the SEC website link that leads to the pdf. + +https://www.sec.gov/news/press-release/2021-212 + +https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf + +All talk of the report does not have to be kept to this megathread, but future posts containing only the link to the report will be removed in the near future. + +Edit 1: +JUST A REMINDER, NO BRIGADING. We will issue bans for those who are found to be doing this. + +As always this is a temporary sticky, and a link to Doom's Computershare Guide can be found below. + +https://old.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/ +[http://www.businessinsider.com/amazon\-prime\-customers\-complain\-delays\-2018\-4](http://www.businessinsider.com/amazon-prime-customers-complain-delays-2018-4) +Lots of people panicking about crypto and the market bleeding. Market makers are preparing for margin calls, and a lot of people have no clue what will happen in the following weeks. The only security in these market conditions is GameStop. When the margin call happens, don’t tell anybody “I told you so” and keep your shares/profit to yourselves. Prepare to hold to the millions. If you decide to paperhand, which some will, understand that you dictate how much you want to sell your shares for. If all of us as a collective hold tight, we can all change the future of our families and everyday regular investors. This is for 2008. Hold the fucking line apes. + +Edit: I am not a financial advisor, just an ape who loves GameStop stock. +What a time to be living in, you can click pics of yourself, call it a "DAO" and raise millions of dollars in hours. + +Thats what Irene did. + +[IreneDAO selling \\"Tribe passes\\". Spend your valuable coins to join her tribe i.e private group](https://preview.redd.it/uqv9vtep04c81.jpg?width=1030&format=pjpg&auto=webp&s=296b0e721c3ac0e23bf6560f1ac292ac28e99eed) + +[No thanks? The market says otherwise. ](https://preview.redd.it/4yzyqmpt04c81.jpg?width=1170&format=pjpg&auto=webp&s=83d65d39b3447f24aa5490375161764b8958ce30) + +Well.. anything is possible if you get big accounts to back you. + +[She even got Novogratz to shill this \\"DAO\\"](https://preview.redd.it/7p8yhjf214c81.jpg?width=1170&format=pjpg&auto=webp&s=9bbeee30cebb6c8a6ed1ae88172e68973db11376) + +[henlo? Novofaps](https://preview.redd.it/t7qjyac424c81.jpg?width=512&format=pjpg&auto=webp&s=86e4c293df85a1d9cb2f59d01c31a5a00381e151) + +Edit: + +This chick be straight up hustling yo, she got plebs to send her their valuable NFTs (which are now trading at $15,000 each! ), in exchange of a 5 minute phone call. + +[$15,000 for a 5 minute phone call? Shut up and take my money!](https://preview.redd.it/awjomdzmh4c81.jpg?width=1242&format=pjpg&auto=webp&s=8057dfc1b82aa2c28f303b8def7b5bd14a9291a2) + +And then she used those 2 NFTs to get the attention of Su Zhu and Justin Sun + +[Lmao](https://preview.redd.it/wnt2rqtwh4c81.jpg?width=1169&format=pjpg&auto=webp&s=2d03022b8a7d8e48b98bb7935cd7546b92fcbf23) + +Looks like Bored Apes are gonna become history soon +Changing it up a bit from the traditional “investment” discussion. What is everyone driving? Is it your dream car? If not, what do you wish you were driving? + +Mods can remove if this is viewed as off topic. +I am a professional quantitative portfolio manager, who has been in the industry for a very long time, and works on the bleeding edge of ML and applied mathematics with focus on the capital markets - I manage $100mn+ these days. I created this account to write on /r/algotrading so that I can interact with a few people on this sub, but as I have seen, this sub is filled with amateurs and it is just annoying reading the feeds most days. I am going to delete my account and I wanted to leave a few points that I hope with help a few people here, + +1. BTC and other crypto-coins are nothing more than another asset. Stop putting it on a pedestal or thinking its anything different. +2. ML is super hard when applying to financial markets, and its not something anyone can figure out very easily. Most amateurs can play around with RNNs and have a descent strategy, but don't think its going to give you anything extraordinary. It's just another tool in your toolbox to create a strategy. +3. ML can be used to make some amazing automated trading systems, but it won't be possible for 99.999% of people. People have been doing ML for trading for a very very very very very very long time. You are being exposed to it just now because there are lots of tools and lots of resource that wasn't accessible before. Do not think taking tensorflow, sklearn, <insert library name here> and it will magically make you money. It takes a very long time, ie. decades to get anything automated to the level most of your dreamers think. +4. Most of you are software engineers here. Stop thinking like one. Writing a new shiny backtesting tool or trading framework is not going to do anything than waste your time. Stop talking about languages, it really doesn't matter. Work on your alpha. Yea, its the thing that you don't know how to build, work on that. Trading frameworks come after. +5. Anything that works on the intraday time-frame is considered HFT. Stop thinking that its only low-latency stuff, its basically what timeframe most of you are trying to make money in. People can do this, but, you need to find that thing that most of you avoid - alpha. Most people can't succeed here, so most of you, do yourselves a favor, trade daily+ timeframes, it will save you some frustration. +6. If you have capital, make a portfolio of a few nice assets. Start with management accounting principals and work from there to figure out what makes one asset worth more than another. +7. Stop asking people where to begin, how their stuff works. MONEY is involved here, no one will help you with anything. No one is going to tell you anything more than what I have said in the few points above. And the people who tell you things, are usually negative such as TA is bullshit or ML won't work or HFT is only latency sensitive stuff - well, most them are idiots who don't know what they are talking about. Let me tell you clear and simple here - TA is not bullshit, it's just mathematical transforms and features that MIGHT contain predictive power, ML can be used very well to make a lot of money, and HFT is anything on the sub-daily timeframe and a lot of strategies are not latency sensitive. +8. Lastly, there are VERY smart people in the world, who have spent their entire lives studying, building and creating technological and scientific advances more than most of the people here can fathom. These people work in this industry and make a ton of money. I am happy that you saw some documentary of how a lot of people made money in the 70-80s trading and you want to be like them. Sorry, the world is different, with the availability of information and higher education standards, the bar to be good in this industry is very very very very high. So, you need to be a good scientist or have that mentality today to be good in this industry. Its great you want to be like the best of this industry, so start with being humble. + +Anyways. Good luck and goodbye. + +\- xxzam +UPDATE:  + +Hello hello! + +So I wrote this [post back in November](https://www.reddit.com/r/financialindependence/comments/dq7kev/fire_happiness_1_year_into_fire_and_miserable/). + +Tl;dr of the post: I wasn’t happy with FIRE, so I set lofty goals of all the things I wanted to do/change about my life and posted to Reddit. The original post blew up way more than I expected and I got some incredible feedback (some good and some bad) + +Here’s my update post to see how my experiment went and where I am today. Happy to answer more in comments too. + +**Summary** + +**The good** + +* Started dating someone. Did some great traveling.  +* Discovered a great insight. Most of the items that I did e.g. Gym, writing, meditation, etc. didn’t feel good in the moment. I also didn’t feel that great afterwards. There was no ‘workout’ high, I didn’t feel more relaxed after I meditated, etc. HOWEVER, the interesting part is whenever I reflected back on those days, they were almost always better. My takeaway being that even if it doesn’t ‘feel’ better, doing those mind/body wellness exercises do make a difference. YMMV. +* I started consulting for my friends company. This was a huge win for me since it was part time, paid well, and actually led me to work on a really fun project. She built a great business but started scaling too fast and her whole company was basically on Google Spreadsheets. I migrated her to airtable and rebuilt her processes. It was great to put my skills to work, even if it was a rather small project. BUT another fun thing came out of it was there was an opportunity! Currently, there's no ability to invoice inside of Airtable! ~~So I built~~ I ideated, wireframed, and speced' custom software so if you have airtable, you can connect with stripe to charge, itemize invoice, and track all of it to airtable. I had a blast building this (teaming up with an engineer, I'm not a coder). I'm currently working on finishing up the beta and putting it into a SaaS in the next month or two. Maybe it’ll generate 0 dollars, maybe it’ll generate 6 figures, who knows but it was fun to scratch my own itch.  +* A forbes article was written about me from the original reddit post  +* A lot of people reached out to tell me they were in the same situation which really made me feel connected to the world in some strange way.  +* A lot of people asking about partnering up (which was flattering) +* Helped a couple people with some basic advice on their startups +* Got a LOT of inbound messages about how they were in the same place which was incredibly comforting. A lot of times when you're + +**Bad** + +* Boredom strikes: I downloaded instagram again and started redditing again (I detoxed myself on both). I've found i've been spending a lot more time on both, especially in the mornings not getting out of bed. This is probably the biggest drag to my day. It makes me feel I’m wasting a lot of time +* I didn’t finish my goal of 30 days working out, meditation, etc. I knew it was going to be hard because I was traveling and I still didn’t prepare well enough. This is a good opportunity for improvement. +* I generated a lot of ideas but I still don’t have something I want to devote 100% of my time to.  +* Still hard to give myself permission to not be working 24/7.  + +&#x200B; + +**Lessons learned:** + +* I was thrown into the deep end with RE. Definitily FI is of course a worthy goal. I continue to remind myself how lucky I am that I'm in this position. That said, I give myself permission to allow myself to not be content during the moment. But I can't stay in that space too long. I need to reframe as grateful while allowing myself space to not always be vontent. This has helped. +* Have faith in the universe that it'll work out. This is a hard one and I think important. When I felt 'stuck' it felt like there was no way out. Reframing in faith that it'll work out, would've made it easier for me to get out of the hole in the first place. Being scared of the hole just makes the hole deeper. Sometimes that fear is 80% of the hole that you're in. It was for me. +* I've done a better job figuring out what motivates me. When I reflect on why my friends project is fun for me, I've identified the following reasons: + * I'm helping my friend get out of spreadsheets and operate in a scalable way. Her business is now operating 2x better. In other words, **I love adding value.** Kind of obvious when you write it, but it wasn't so obvious for me. + * I'm being mentally challenged + * I'm solving problems that are hard and even though I don't know the solution, I know I can get there. I think that's pretty fun (although probably not sustainable in all projects) +* Empathy — when reading my post a significant amount of people said the same thing, you should be happy, or you are clearly missing something else in your life. Honestly, if i had read my post, i would've said the same thing. I clearly pictured me saying the same exact thing with the feeling that I know exavtly what the other person needs. I realized, that thought process doesn't serve me. There were a lot of people who (understandly) jumped to conclusions and thought they knew the situation. I'm not sure how I can retain this insight of not judging too fast or being empathetic moving forward but it was a good lesson. + +Overall, I think my experiment was a success in that I wrote down what I wanted and got what I needed. On the flipside, there's so much more I can do. The biggest WOW for me is that I wrote intentions down and real change happened. **Setting intention AND taking action is a meaningful way to make change.** + +I'm thinking I should start another experiment to get more results. + +tl-dr; did a 1 month experiment and results turned out way above my expectations. Learned a lot. Still room for imporvement. Looking forward to doing a similar experiment.  + +Hope this was helpful/interesting! Happy to answer any other questions + + +Edit: I designed the software (idea, wireframe, product specs) engineer did the coding. Thought that was clear in engineer coded it. ITT: A lot of people who haven't gotten credit for building things. My apologies! +I work for a big Chinese tech company (can provide proof to mods if required) and I've got a good relationship with my boss but always restricted to work only. + +So couple of days back I broke the boundary and told him if I could ask him a personal question and he was more than willing to listen to me. So this is how it went. + +So straight up I asked him what's the situation with the current Evergrande and real estate bubble back home? Do we have to be worried? (I know us GME holders need not but you know I dint want to break it up to him at first) + +Straight reply from him - You are all fucked. + +*utter silence for 30 seconds* + +I asked him how fucked? His reply - Very much fucked. + +He continued. I don't want to talk much about it but this is all political. Nothing business related. Chinese communist party wanted to show who the real boss is and who will be taking over the world economy. + +If the communist party wanted to, they can bail them out as 400B is nothing for them. But why bail them out when they are the ones who got them to this point? We (Chinese) will be fine because this has been prepared and controlled in the backend for the past 1 year. + +He ended - If you are invested somewhere, pull them out as it will be a shit show. + +I replied - Fair enough but I'm hedged against the econmony, more like an idiosyncratic risk. + +That's it. + +TL;DR - It seems like the Evergrande and and fall of Chinese real estate Sector has been planned by the communist party for over a year to fuck over the world and American economy. +After 2.5 years of buying rentals my wife and I hit a big milestone today with our yearly gross rents topping 100k. We are in high cashflow markets buying value add properties. Our PITI and expense ratio come out to right at 50%, so our real cashflow is 50k. We only have mortgage debt attached to rentals, so at 50k passive income levels we hit our fire (financial independence retire early) number. + +Edit: most of these properties have had small refinances, hence why I have such little money left in the deals overall. Also, my partner deals I entered with no money out of pocket, my skillet and knowledge were what I brought to the table. If enough people ask I can make a post doing a deep dive on one of these properties as an example. +[https://finance.yahoo.com/news/bitcoin-drops-133248611.html](https://finance.yahoo.com/news/bitcoin-drops-133248611.html) + +Bitcoin drops below $20,000 + +Over the weekend, bitcoin dropped below a key psychological level for buyer support, and so far has not been able to get back above it. The bitcoin ([BTC-USD](https://finance.yahoo.com/quote/BTC-USD?p=BTC-USD&.tsrc=fin-srch)) price fell below $20,000 on Saturday and is trading at $19,379 on Sunday morning, a loss of 29.36% over the past week. It briefly slipped below $18,000 on Saturday afternoon, but the price so far has rallied 1.18% over the past 24 hours. Ether ([ETH-USD](https://finance.yahoo.com/quote/ETH-USD?p=ETH-USD&.tsrc=fin-srch)), which is more intertwined with crypto’s DeFi segment that has lately wrecked havoc on the risk management strategies of significant industry players, is trading at $1,039 per coin, a loss of almost 29% in the last week. On Saturday, its price dipped below $900 before bouncing back. Crypto’s total market capitalization has dropped by almost $300 billion since last [Friday’s hot inflation data](https://finance.yahoo.com/news/may-inflation-data-june-10-2022-212834308.html), from $1.19 trillion to $891.4 billion as of Sunday morning, according to Coinmarketcap. +Because there is no barriers to being a trader. Want to start trading? Sure! Find a random broker and deposit minimum 10 dollars to start trading forex, stocks, options and futures. + +Want to be a doctor? 7 years of med school minimum. +Want to be a dentist? 4 years of dentistry school. +Want to be a lawyer? Pass the bar exam. +Want to be an engineer of any sorts? Get an engineering degree in 3-4 years. +Want to be a blue collar worker? At least go for an apprenticeship for 6-12 months minimum. + +Why do 90% of traders fail? Because there is no barrier to entry and all the shitheads think they are gonna make it like they did on their 100000% ROI demo account. + +Stop dreaming and put in effort and you might have a chance at not getting margin called. +In light of this Moweth cunt continually tagging me in moronic comments I figured I post this so maybe he finds peace and moves on. It's also good information to be aware of with any company but especially ones that go on a big run, If you had applied this to DW8 it would have looked equally bad. + +Now I need to say I like NVX and I think they are legit and are a rare stock on the ASX that isn't a crippled dog, BUT what we are currently paying for it just defies logic. (As most of you already know this and I'm sure you have your parachute ready to jump out the rear cargo door when the plane starts going down. + +Anyway heres the info. + +# NVX + +**Current figures:** + +**EPS (-4.9**) + +**PE (-243)** + +Not great is an understatment.. But what about their future earnings you say! Well current year revenue of $6 million and a loss of $20 million isn't nice, but they are growing. So lets look at the forward looking PEG (Price to earnings growth): + +**NOTES:** + +* The PEG ratio enhances the P/E ratio by adding in expected earnings growth into the calculation. + +&#x200B; + +* The PEG ratio is considered to be an indicator of a stock's true value, and similar to the P/E ratio, a lower PEG may indicate that a stock is undervalued. + +&#x200B; + +* The PEG for a given company may differ significantly from one reported source to another, depending on which growth estimate is used in the calculation, such as one-year or three-year projected growth. **(In this case 1 year projected growth for NVX is used as it's all we have available)** + +# How to Calculate the PEG Ratio: + +**PEG Ratio** = PE / EPS growth rate + +&#x200B; + +**NVX EPS growth:** + +2020 (-14.7) + +2021 (-4.9) + +(above EPS taken from NVX annual report) + +&#x200B; + +**The formula:** + += (-4.9 / -14.7) - 1 = Growth rate 66% + +Thats a nice growth rate! 👆🏽 + +&#x200B; + +# So lets work out the PEG for NVX + +**PEG Ratio** = PE / EPS growth rate + +forward PEG = (-243 / 66) = 3.68 + +**Forward PEG = 3.68** + +A company's P/E and expected growth should be equal, which denotes a fairly valued company and supports a PEG ratio of 1.0. + +When a company's PEG exceeds 1.0, it's considered overvalued while a stock with a PEG of less than 1.0 is considered undervalued. + +\------- + +&#x200B; + +Summary, if you care about this stuff don't buy NVX at its current price. If you don't care then keep buying NVX, just don't tell me it's not over valued. + +&#x200B; + +End of TED talk. Go PEG something 💦 +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) +I decline a lot of invites because I don't have much space in my budget to buy food or drinks to contribute to occasions or events. Maybe I'm just terrible at finding ways to contribute that don't necessarily require extra budgets. I have bad spending habits myself that I need to fix but I do feel guilty about not "investing" into this part of my life +https://content.ftserussell.com/sites/default/files/russell_microcap_deletions_-_2021.pdf + +Ranking day when the preliminary Reconstituion portfolio was ranked was back on May 7th. At that time GME would have made the Russell 1000 cut by market cap. The remaining Russell Index final announcements are today and next Friday. + +https://www.ftserussell.com/resources/russell-reconstitution + +I am thinking the Russel 2000 official announcement showing GME exiting the Russel 2000 will happen today, and the announcement adding GME to the Russell 1000 will be either today or next Friday. All of the ETF underlying stock buying/selling will happen on Reconstition Day after market close June 25th, where between 3-5 times the daily trading volume gets traded. That’s one volatile trading day. Some wrinkle brains have commented on implications on GME already. Buckle Up!! +From the troubleshooting page on coinbase, it looks like if someone has your email and password, they can still get into your account by spoofing your phone. From their authenticator troubleshooting page: + +>If you've lost the device with your Authenticator app and DO NOT have access to the secret seed code: +>Select the "Unable to submit a one time code?" link after providing your username and password. +>Note that you may need to sign in via an "incognito" or "private browsing" window if you are not prompted for a 2FA code upon login. +>This must be done on the Coinbase website, not the mobile application. +>Once completed, the Authenticator app will be disabled on your account and you will receive 2FA codes by SMS to your verified phone number. + +So the backup to the secret seed code is a text message? Am I missing something here? how can this be disabled? +For more details as to why this is noteworthy, I go into more detail about the circumstances behind my story in another post here: [https://www.reddit.com/r/povertyfinance/comments/kz0wnl/just\_hit\_3000\_in\_savings\_for\_the\_first\_time\_in/](https://www.reddit.com/r/povertyfinance/comments/kz0wnl/just_hit_3000_in_savings_for_the_first_time_in/) + +Not interested in writing a lengthy post this time, I just felt like sharing that point. I just paid up on rent and have $5,076.46 in my accounts total with another paycheck coming through the weekend. My car is in the mechanic shop currently and will take a big chunk of my next check, but even after the final bill is done I should be able to maintain this $5k (or at worst, just under but very close to it until next week). My goals are twofold: first, to break my personal savings record of $6,200 from last year before the pandemic drained my savings, and second, to reach at least $10,000 in savings total. Based on my current trajectory I should be able to do both within the course of this year as long as I don't lose my job. + +Considering I have no financial education or background, grew up in lower middle class only at the best of times when my family actually had money (most of the time we were poor and living paycheck to paycheck) and was actively taught very poor money handling by my parents who never learned how to manage it properly at all, I think I'm doing reasonably well. I'm not where I want to be yet, but that's okay because I'm doing better than I was before. It's the little things worth being thankful for. +Hi everyone - Based on my own research, it seemed IDNA could be a potential candidate for consideration, which is currently traded at a more affordable entry point ($50 vs $105) and expense ratio (0.47% vs 0.75%). Obviously the performance is moderate compared to the superb return of ARKG (66% vs 185% YTD), or all the ARK funds in general. However, for a long term investor, it could be a viable option. + +Curious if you have any thoughts and/or different suggestions that you could share? Thanks in advance! + +***EDIT: Adding GNOM for consideration as well.*** +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: + +* 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 account for obvious reasons. + +I came to know of Kuvera many years back from this sub itself, so it's only appropriate that I share this here for the benefit of other members. + +On 26th February, 2021, I conducted a couple of large (for me the amount is large) **lumpsum** transactions from both my own account and my managed account at Kuvera, **well before cut off time for equity mutual funds**. (This was obviously to take advantage of the market correction on Friday. Anyway, that's not relevant) + +The transaction somehow failed at Kuvera's end with an error message (screenshot here - https://imgur.com/a/q3uc3DM ) from their intermediary, BSE Star. Basically, the redirection from BSE Star to Kuvera failed although the transaction was successful. and money was deducted from my account. In instances such as this in the past, I used to always be allocated the day's NAV. + +Now, after sending Kuvera relevant details, they have done the reconciliation. However, the allocated NAV shows up as due for processing on March 1, and not February 26th (See Screenshot here - https://imgur.com/a/wMx11p9 ) As you can imagine, this is disappointing for multiple reasons. + +1. I'll no longer be confident that a transaction done on a particular day before cut off time will be processed with the day's NAV + +2. I'll no longer be confident of taking advantage of corrections in the market even if I manage to invest on that day + +3. I no longer have the confidence that Kuvera has got my back in case of issues such as this + +4. Simply keeping the money idle in my savings account would've earned me some interest for 3 days. So instances like this leads to potential losses + +Obviously as you can imagine, this is related to the SEBI circular which came into effect on February 1, 2021 about NAV being allocated only on realisation at the AMC's end. Since the transaction failed (although it was successful at BSE Star's end, please see the first screenshot), the AMC did not receive funds on that day, and therefore I am not entitled to the NAV of that day. Kuvera's way of handling this is also deeply worrying, since such massive changes and implications should be properly explained to users. I am now actually thinking about using the AMC's websites (no matter how inconvenient it may be) for transactions. At least then I will directly be dealing with the AMC and not the intermediary/broker/advisor. + +So, new investors, old investors, please beware of the new rules and its implications. IMO it's time to ditch advisors/intermediaries like Kuvera and switch to investing directly through the AMC's websites. Your profits will thank you for it. + +Twitter thread here: https://twitter.com/NamelessWander4/status/1365194050001793025 + +**Follow up post** - https://www.reddit.com/r/IndiaInvestments/comments/lvvb10/on_nav_franklin_templeton_motilal_oswal_and_kuvera/ +I am loving our growth this year, and if bitcoin can get to where it is as an unusable coin, there is no reason Ethereum (which is superior in every way) can't +Hey all, just a reminder to be extra-vigilant. I was reading about gas prices on https://myetherwallet.groovehq.com/knowledge_base/topics/what-is-gas and, without clicking on anything, suddenly was taken to https://kvnuke.github.io/etherwallet/ which looks JUST LIKE MEW. + +I don't know if this means that groovehq is corrupted or what, but be careful. + +UPDATE: Clicking on the link to http://ethgasstation.info/ on this page redirected me to the spoofed MEW again. Stay away from this page; I believe it has been quietly hacked. +Hi, I need your help. In January I went to court for my final appeal after being denied temporary disability. (I have a job now it was just during the 4-5 years after a horrible accident where I was in physical and mental rehab while I was getting better. I was in a coma and had to relearn to walk/talk, etc) + +Here’s what I don’t know, I received mail today that I will be receiving a check from SSDI for $60000. Holy shit, I have no idea what to do with that much money. I know I will need to pay off a lot of debt but what then? How do I figure out a good financial planner to go to? Thank you to anyone who helps. (I currently have a job and make enough to live so it will not go into my living expenses.) What do I do? I’m 32 years old and very nervous. I don’t really have anyone or any family who is good with money to ask. I want to be smart about it. +Took a >$250k loss selling OTM calls on GME after I woke up on January 27th, 2021 with a margin call that peaked at $1.5m. + +20.3% draw down in one day. **46.8%** draw down through May 19th, 2021. + +[GME Loss](https://imgur.com/a/N3CBtkG) + +[Margin Call](https://imgur.com/a/q7lPcVi) + + +Rather than take a capital loss carryover for the next 100 years, I sized down lots and continued with strategies that capitalized on theta burn. + +As of today, eight months later, I am fully recovered and in the black for short term gain since. Gains are almost entirely from short ratios, credit spreads, and short strangles. + +[Account Value](https://imgur.com/2qUT4dj) + +You are in the right place. + +Trust in Theta. +So in my hypothetical world you all have $1,000,000 to invest before the closing bell today, and everything you buy has to pay a dividend. You're not allowed to have a job ever again, not even mowing yards or selling lemonade, and you own no other assets besides clothes. Normal rules regarding taxation etc. still apply. + +So question 1 is what do you buy? Question 2 is what does your life/home/city situation look like based on your total yield? +https://www.bloomberg.com/news/articles/2021-01-08/biden-calls-for-quick-pandemic-relief-minimum-wage-increase + + +This is going to be interesting. On one hand, it may not pass due to Joe Manchin, but I think Biden will be proposing a $2-$3T stimulus this Thursday. He also supports another round of checks but this time for $2k. Based on the numbers, $400b of the “trillions” in stimulus is just on the $2k checks. + +Rumors are he will also throw in a lot of clean energy and EV subsidies in there too. Possibly in the tens of billions. + +Bull market 2021? +It will be great for index fund investors to get more exposure to IT stocks if Wipro gets added to BSE Sensex. Expected announcement is on 18 May 2021. + +Implication: Usually when a company is added to a benchmark index, shares rally so let’s see what happens. + +Source: https://www.business-standard.com/article/companies/wipro-or-tata-steel-could-dislodge-ongc-in-sensex-research-firm-121042800888_1.html + +Disclaimer: This is not an investment advise. +Sup guys + +My dad has a lump sum of 600k that he wants to use to supplement his income and generate 3k regularly every month, at least for the next 12 months or so. I've been considering several strategies: + +* just put it all in QYLG, get that 0.5% every month and some growth and just forget about it - or use another covered call ETF like JEPI/XYLD/XYLG +* replicate that strategy manually by selling monthly covered calls +* sell 1 year out covered calls for 36k, e.g. buy 2000 shares of QQQ and sell 20x September 2023 355 calls (16% OTM) - or similar with SPY +* or what I personally would do (I'm all in TSLA): same as above but with TSLA, except the call could be like 85% OTM. Not sure if he'd be open to that. + +Note: taxes are not a factor here + +Any recommendations or other ideas? +I don't make much money--about $24,000 a year. My employer offers no benefits other than a paycheck. But I have about $63,000 saved up between multiple accounts. My checking account at my local credit union actually makes the most interest out of any account, so that's why I have the bulk of my money in it. +Here's my retirement funding so far: + +I opened a $5000 5 year IRA CD at that credit union in 2019 that has made me $55 as of today. + +Deposited $5000 into Betterment Roth IRA and as of today, am down $49. + +Deposited $3600 into Sofi Roth IRA and as of today am down $50. + + +At this point it feels like I was better off without investing and just letting the interest grow in my checking account. I didn't want to throw too much money into investments because I want to not only have an emergency fund but also have money for a house. +It just feels like at this point, saving for retirement is not even a possibility. I don't understand what I'm doing with investing and how to make money off of it. My dad recently retired after doing his own investing but when I ask him for advice, he just says he doesn't know. So I don't know what to do because I already feel like I've screwed up. + +I should clarify, I turn 30 this year and realize that it was dumb of me to start investing this late and I probably won't be able to catch up. +The President of El Salvador has announced that he will make #Bitcoin legal tender in his country. El Salvador will be the first country to hold bitcoin in its reserves. +Enough already. In a span of two days this sub has suddenly turned into WSB's little brother. + +If you're planning to post anything involving memes, "hold the line on GME!", rocket ships, or calling others retards (affectionately or not), take it over to WSB please. It's not welcome here. + +As a reminder: + +"Welcome to /r/StockMarket! Our objective is to provide short and mid term trade ideas, market analysis & commentary for active traders and investors. Posts about equities, options, forex, futures, analyst upgrades & downgrades, technical and fundamental analysis, and the stock market in general are all welcome." +https://imgur.com/a/mFx6bsZ + +Your account would literally be credited if you were to buy a contract + +edit: -$11 now https://i.imgur.com/5XsDtoD.png + +-$40 https://i.imgur.com/xpIQidO.png +I wanted to start a discussion on how everyone is storing their emergency funds. I can't choose between keeping it in a savings account or an FD. I tried liquidating a small FD I had and the charges were almost equal to the interest earned and felt that savings account was better. + +The other option is a liquid funds, but I don't want to have too many mutual funds. + +Since I'm young, I have a 5 month emergency fund, it isn't large. Any suggestions or personal experiences are welcome. +I need any Advice that’s possible on how to cut back on spending. I go to the grocery store every day and buy what I’m going to eat for that day. Mostly frozen meals and blueberries, it’s usually anywhere from $20-$30 A Day! Just For me. I know it would be cheaper just to buy meals to cook for the week/Month but I have no idea what to even make that could last for couple meals and be affordable. Any advice, recommendations or anything at all that could help in game to listen. Thank you in advance and sorry if this isn’t the right place to ask this I didn’t know where else to post. + + +My grandpa put the bulk of his money in a real estate partnership owned by his two kids, my mom and my uncle. When he passed, management of the properties passed to my mom, as my uncle lives on the far side of the country, and she has been running it for the past 5 years. My mom is an incredible lady but doesn’t really have a strong business background, and the properties have kind of been mismanaged over this time (the accounting is really spotty, nothing is categorized, its hard to figure out where money has been going, etc). Anyways, she’s agreed to let me and my cousin (my uncle’s son) assume control of the day to day while she eases into retirement. + +There are 3 properties. One is a small commercial manufacturing facility, another is an apartment complex with 19 units, and the last is a ski chalet at a local ski report. All the properties are fully paid off, have no major maintenance scheduled for a at least a few years, and generate about $18,000 a month total. The partnership has 1 line of credit we opened to fix the roof on the commercial property (about $40K total) but we have no debt other than that. We only have like $3k in cash right now since we just finished a bunch of maintenance. + +We want to grow it, aggressively if we can, but aren’t really sure where to start. We were thinking of taking on debt to purchase another property, but I’m not sure what an appropriate amount of leverage to take on is. To be honest this has all happened so fast my head is spinning, and I’m curious what any of you would do if you were in my situation. +u/thisisafakestory posted about a skull he found in the rocketship + +[https://www.reddit.com/r/Superstonk/comments/vz6gym/treasure\_hunt\_led\_me\_to\_a\_nft\_with\_a\_date\_71822/](https://www.reddit.com/r/Superstonk/comments/vz6gym/treasure_hunt_led_me_to_a_nft_with_a_date_71822/) + +The NFT lists "You might never know" and Mon. july 18 (~~28, oops)~~, 2022 in the sidebar as metadata. + +I opened up the nft on etherscan and opened up it's metadata. It's an ISO timestamp (developers would recognize it) + +1658186401 resolves to Jul 18, 2022, 7:20:01 PM. (EST timezone, NY) + +&#x200B; + +IS THIS THE DATE & TIME OF THE MARKETPLACE LAUNCH? +The U.S. is one of the world’s two largest economies and the center of the English-speaking world. It has the power to tax, the strongest network of alliances and the most powerful military. Yes, it has printed a lot of dollars since 2008, but it also has [taken steps](https://www.frbsf.org/education/publications/doctor-econ/2013/march/federal-reserve-interest-balances-reserves/) to lower the speed at which those dollars circulate. + +Yes, rates of price inflation are likely to be higher for the next two years or so, but already some of the immediate inflationary pressures are abating; lumber prices, for instance, are now [plummeting](https://www.bloomberg.com/news/articles/2021-06-11/lumber-prices-post-biggest-ever-weekly-drop-with-buyers-balking?sref=EP6bV7CS). Over a 10-year time horizon, the U.S. government can [borrow](https://www.bloomberg.com/markets/rates-bonds/government-bonds/us) at a near-zero real rate of interest, hardly a sign of a doomed empire. + +Nor is the U.S. government about to go broke or on the brink of resorting to hyperinflation. The U.S. debt-to-GDP ratio may well hit 200%, but the poorer and smaller nation of Japan is doing OK with similar debt levels. Keep in mind that national wealth, while difficult to estimate, may run as much as six to eight times higher than GDP. So a 200% debt-to-income ratio could mean a debt-to-wealth ratio as low as 25%. That’s hardly the end of the world. Think of how comfortable you’d be if you paid off “only” 75% of your mortgage. + +If anything, crypto is more likely to hurt the currencies of countries that are doing very poorly, [such as Venezuela](https://www.coindesk.com/bitcoin-adoption-venezuela-research). Fiat currency won’t just go away, so over the long run crypto could actually boost the value of the dollar by stifling the rise of potential competitors. Don't downvote this just because it doesn't fuel the confirmation bias, just think rationally. +I figured I should probably contribute more than just shit-posting memes so I decided to do a mini-DD on EXR, currently my largest holding. + +Unlike most DD’s, I didn’t want to focus too much on the company and what they’ve accomplished to date but more on what they’re planning to do from 2021 onwards, specifically the pilot production. For this reason, this might be more useful for current holders who want a better understanding of the future catalysts we’re expecting but for anyone new, I will provide a brief summary of the important stuff. + +# EXR, who are they and what do they do? + +Elixir Energy is an Australian-owned explorer in Mongolia, currently exploring their 30,000 hectare land for natural gas in the form of coal bed methane (CBM). In Australia, it’s referred to as coal seam gas so I’ll generally be referring to it as CSG below. + +The company holds 100% of a production sharing contract in the country, north of the Chinese border. One of the reasons this company is appealing is that with China’s pledge to be carbon neutral by 2060 and their phasing out of coal, EXR’s potential gas resource could be a vital commodity. Their location in the south Gobi region of Mongolia could also prove pivotal for potential hydrogen production which I’ll go into a bit more detail at the end. + +**Current share price** – 23.5c + +**Market Cap**\- $209.4m + +This link posted on the EXR HC thread (yes there are some great posts when they’re not arguing about climate change) is filled with valuable information. It covers risks, marketing opportunities, pricing summary, valuations, etc. It might seem lazy that I’m reposting it but I think everyone should give it a look because it has some fantastic information, even if parts of it do look overwhelmingly confusing. + +[https://hotcopper.com.au/threads/elixir-model-rev-90-and-comments.6220604/](https://hotcopper.com.au/threads/elixir-model-rev-90-and-comments.6220604/) + +# The current share price + +If you’re new to EXR and you look at the 12-month chart then you might be wondering what happened in April and why the price has dropped so significantly since that time. To provide a brief summary: + +* **April 14th** \- Operations Update. Yangir-2 was completed and found gaseous rocks containing 99% natural gas, essentially sales gas specification. The 2021 seismic program also commenced and one of the drills moved to an outlying location for the cracker well (insert foreboding sound). This was an excellent announcement and without looking I can almost guarantee it was followed by a Next Investor’s email which pumped the price to an all-time high. +* **April 19th** \- Trading halt for cap raising. This took most people by surprise as management had previously stated they had sufficient cash in the bank, however, taking advantage of the current inflated SP, they would be raising $10m through a placement to qualified investors at 36c as well as $20m in the form of a Share Purchase Plan. This caused the SP to drop into the cap raise range of the mid 30’s and stayed that way for some time. While not great in the short term, it allowed EXR to bring their program forward with the extra cash in the bank and would eventually let them add a third rig which occurred this September. +* **May 27th** – The Cracker-1S strat hole did not intersect any coals and was the first well in the North-West of the PSC. At this stage, EXR had managed to have a very good strike rate in identifying thick coal sub-basins and I believe the market had unexpected expectations so when they announced this well was unsuccessful the SP dropped back into the low 20’s. From memory, it touched 24c before bouncing back into the 30’s and then steadily dropped, the lowest being 20c in July. This wasn’t helped by the mechanical issues some of their drills experienced. + +Since that time, they’ve identified a new sub-basin (**Kingston**), a potential new extensive coal-bearing basin (**Richcairn**), added a third drill, and announced expanded seismic testing of an additional 300km. After their last announcement, the VWAP for the week sat at 26c, a nice increase but following the Evergrande market scare, the price dropped back into the 22-23 range. While these have all been decent announcements, I think the big catalyst will be the pilot testing which I’ll expand on below. + +# Management, who runs the show? + +If you’re invested in EXR then there’s a good chance you’re familiar with the management board or at least have heard one of the names. I won’t go into too much detail as a quick search on their website has the relevant information but I’ll provide a brief summary for anyone new to show why good management is important (fuck you XST). + +**Richard Cottee – Non-executive chairman** + +One of the reasons EXR is so popular is due to their management and the previous experience (and success) they’ve had on past CSG projects. Cottee was the Managing Director of QGC (Queensland Gas Company) and was pivotal in developing it from a $20m market cap explorer through to it acquisition for $5.7 billion. + +**Neil Young – Managing Director & Chief Executive Officer** + +Most likely the face you’ve seen if you’ve watched any investor interviews, Young runs the day-to-day operations of the company. He has over 20 years of experience in senior management working in the energy sector, specifically focusing on business development, new ventures, and gas marketing. + +It was also announced in a previous operations update that Young sits on the board of directors for the Business Council of Mongolia. + +**Stephen Kelemen – Non-Executive Directo**r + +Kelemen worked at Santos and led the CSG team from its beginnings in 2004, helping turn it into of Australia’s leading CSG teams. + +**Anna Sloboda** **– Non Executive Directo**r + +Sloboda has over 20 years of experience in corporate finance and developing junior resource companies around the world. With her global experience, she brings to the table the opportunity to deal with potential off-takers and partners. + +# Coal Seam Gas. Is it coal or is it gas? + +CSG, otherwise known as coal bed methane, is a natural, colorless, odorless mixture of various gases (primarily methane) that is extracted from coal at a depth of 200–1000m. Conventional natural gas reservoirs largely consist of porous sandstone formations capped by impermeable rock. The primary difference between conventional natural gas and CSG is the type of reservoir from which they are produced. CSG is contained in natural fractures of coal seams. + +The amount of gas retained in the coal depends on a number of factors, such as the rank of coal, the depth of burial, the immediate roof and floor, geological anomalies, tectonic forces, and the temperature prevailing during the coalification process. In general, the higher the rank of coal and the greater the depth of coal, the higher is the coal’s gas content + +Coal seams in the ground are generally filled with water, and it is the pressure of the water that keeps the gas adsorbed as a thin film on the surface of the coal. CSG is extracted from coal deposits that are deep enough to mine economically. CSG is extracted by drilling a well vertically through rock strata until the coal seam is reached, at which point the well may also be drilled out horizontally to increase access to the methane gas. + +&#x200B; + +https://preview.redd.it/vctmq24gkrp71.jpg?width=1024&format=pjpg&auto=webp&s=8e8fc56fc5b2f864c9413a4aac5a2570e68d939b + +# Appraisal, Pilot Testing, & Production. What does this all involve? + +The following information covers how gas is extracted from the coals, the various lifecycle stages, and the end result. Some of it may seem rather dense but it’s definitely worth the read if you’re invested and I’ve thrown some pictures in which will hopefully make it a tad more interesting. As part of EXR’s 2021-2022 program, they will be doing the following: + +* Drilling additional wells to identify potential coal sub-basins using seismic data acquired this year +* Completing an additional 300km of seismic +* Nomgon appraisal well to lead into pilot production (covered below) +* Feasibility study for a proposed gas-fired power station +* GOH Clean Energy Hydrogen (see below) + +# Appraisal + +One of the big upcoming catalysts in the program is the pilot production testing to occur at Nomgon. While identifying new sub-basins is fantastic, in the end, the factor that will really move the SP for better or worse is the production testing to occur later this year/early next year. The first step in this is the appraisal well. In the last announcement in September, they had this to say: + +*The Nomgon Central-1 core-hole has reached a total depth of 559 metres and logged 65 metres of coal. This well is* ***gathering data*** *to underpin the design of future production testing and various laboratory tests will follow in the months to come. Although the gas desorption process is ongoing, measured gas contents in this well appear lower than previous wells in Nomgon, which Elixir interprets to be an isolated and anomalous combination of* ***faulting and fracturing*** *at the well location.* + +*The next Nomgon sub-basin appraisal well – Nomgon 6 – will spud later this week. The results from this will feed not only into the* ***technical design of the planned 2022 production testing****, but also into the procurement of required environmental and other approvals through the formal annual regulatory processes in Mongolia.* + +The point of an appraisal well is to quantify the size and nature of the gas resource. The process is a pilot test, a small-scale trial comprising production wells with supporting water and gas facilities (separator, water storage). If this process provides an indication that commercial quantities of gas can be produced economically, then full-scale production can be planned using the information gathered during the exploration and appraisal stages. + +For this to occur, the gas production needs to have the right combination of: + +* Gas content +* Coal thickness +* Permeability +* Coal seam depth and coal type + +Furthermore, as part of the appraisal process, EXR needs to identify the reservoir pressure, reservoir geometry, and coal chemistry. This is all part of the ***gathering data*** section bolded above. + +# Pilot Well + +As part of EXR’s 2021/22 program, they will be constructing a pilot production well at Nomgon. The following information covers what this entails. + +A test well is a CSG well used to investigate the potential gas reserves in an area. A testing program involves the drilling of a group of test wells (up to 5) to just below the coal seam. These wells are used to measure the flow of gas and the volume of brine wastewater released from the targeted coal seam. + +Once drilled a submersible pump is installed to remove brine water from the coal seam. The reduction of water pressure in the coal seam allows gas to release from the coal and flow to the surface. Once a CSG company has perforated a coal seam, this depressurisation is permanent and the gas is able to migrate continually from this point on. + +A test well generally operates for several months. Once sufficient data on both gas and water production has been collected the testing is complete. The site may remain in place to allow for testing of other coal seams or the well may be removed. + +In some instances the wells are all vertical; in some cases a combination of vertical and lateral wells may be used. The amount of gas that can be produced is then measured and used as the basis for estimated reserves if simulated economic gas rates can be achieved in the test. Depending on the results of the pilot test, the configuration of wells may be changed to produce more optimum rates of CSG production. Usually one or more monitoring bores are also used to determine the impact of CSG production on the water table and to determine likely pressure communication between wells and beyond. In addition, core samples are usually obtained as part of the pilot test, so that tests of gas desorption, coal rank etc. can be determined. Using the pilot test, a final scheme is developed for well spacing, whether or not fracking or horizontal wells will be necessary, that might improve the overall economics of the field. + + + +https://preview.redd.it/eofsvyb7lrp71.jpg?width=650&format=pjpg&auto=webp&s=cc4412bfbe3ddd2af85050b175b9dca644668973 + +&#x200B; + +https://preview.redd.it/hx04c428mrp71.jpg?width=739&format=pjpg&auto=webp&s=74758e05dde5395bffcec39a20f6c721c4df28fa + +Historically, CSG wells produce a considerable amount of water during the initial production and the volume generally decreases as water saturation falls and gas permeability rises. Drilling of vertical wells is common during the field development phase because it can be difficult to drill through unstable coal seams. Long-reach horizontals, where practical, can maximize contact with the reservoir, and recovery rates of between 70 and 90% within 24 to 48 months of production have been reported using multilateral wells. + +&#x200B; + +https://preview.redd.it/pfd9oyy9lrp71.jpg?width=942&format=pjpg&auto=webp&s=9e3584dde2d09844b6b82a5e523128cc0a5633dc + + + +# Fracking, what the frack is that about? + +In deeper and low permeability coal seams, hydraulic fractures are used to extract methane from coal. This involves pumping a mixture of water, sand, and other additives at high pressure down the well and into the coal seam, fracturing the coal seam and providing a track for gas to flow back. CSG production involves the extraction of water and gas. The level of gas produced from a coal bed is dependent on the thickness of the coal, gas content, permeability, and the depth of the coal seam. + +In some instances, the dewatering and depressuring of the coal seam is insufficient to stimulate gas flow in quantities that make the well a commercial success. In this case, it may be decided to carry out fracture or stimulation, usually in a vertical well to allow gas to move more readily through and from the coal seam. Not all wells require fracking; if there is adequate natural permeability then fracking is not necessary. From the point of view of a CSG company, fracking is expensive and can be complex. Therefore if it can be avoided, then it will be. + +In some circumstances, fracking is undertaken in vertical wells through the perforations in the steel and cement casing, to establish or enhance the connectivity between the producing coal seam and the 36 well. The deciding factor in whether or not to frack a well is the natural rate of gas production without fracking, the natural fracture pattern and the stress field in the vicinity of the wells. + +&#x200B; + +[Steps involved in fracking](https://preview.redd.it/hylzuzhglrp71.png?width=600&format=png&auto=webp&s=3bf34264d167c506a51e8ca628d3aaed2b92cf43) + +# Resource & getting to production: + +The process of moving from resource to reserve certification is described as the point where science meets economics. In order to achieve certification at the reserve level, commercial flow rates must be demonstrated. The amount of reserves certified can be dependent on several factors including the extent of wells with gas data, number of permeability tests conducted and demonstrable extent of the reservoir among other factors. Arguably, flow modelling is the second most important input into the assessment process after permeability. + +&#x200B; + +https://preview.redd.it/epbmlfhmlrp71.jpg?width=715&format=pjpg&auto=webp&s=f360300059bf03168ad675e2d1382f4cde58f89e + +The concept of reserves and resources is often represented as a pyramid (see above), with the broader base of the triangle representing the CSG resource. As the resource becomes better defined and better understood and the proportion of the gas that can be commercially extracted (usually a small proportion only of the initial resource volume) can be more confidently predicted, the CSG moves up the pyramid with the relatively small volume at the apex representing the reserve. If the price of gas increases then the volume of the pyramid representing the reserve may increase in volume as the amount that can be extracted commercially becomes greater. If the cost of extracting the gas increases, then the volume representing reserves may decrease in size. + + + +https://preview.redd.it/trm9lmynlrp71.jpg?width=917&format=pjpg&auto=webp&s=d0e74eda0873e3fb9b443fd6f864d1a69f9f0002 + +In relation to EXR, earlier in the year they booked their first contingent prospective resource booking over just 2% of their acreage, which according to independent experts holds 60 billion cubic feet of gas in place and 24Bcf of recoverable gas, on a 2C basis. For additional calculations on the value of their contingent resource check out the first link that I posted. + +# Production + +Unlike a conventional gas field which may need just one or two wells, because of the nature of CSG deposits, and the limited volume of coal and gas that can be accessed from a single vertical CSG well, it is necessary to drill many production wells at quite close spacings of 1-2 km or less. Drilling is undertaken on a 24-hour basis for approximately 1-3 weeks per well. The time to complete the well is dependent on the depth, geology, and drilling rig used. The production wells may be drilled in the vertical direction only or paired with directional or horizontal sections into and along the coal seams. + +During the drilling process, a blow-out preventer is installed to ensure that in the event of unexpectedly high water or gas pressures, the system can be shut down. Compressed air or a water-based liquid is circulated down the well. Drilling fluids are used to cool the drill bit, lubricate the drilling assembly, remove the formation cuttings, maintain the pressure control of the well and stabilize the hole being drilled. + +After the well is drilled, it is lined with steel casing to provide a conduit for the removal of coal seam water and gases. The casing is cemented into position, forming a barrier to prevent fluids in the well from mixing with the surrounding aquifers. + +The well casing is pressure testing to ensure it can tolerate higher pressures than the pressures expected over the life of the well, minimizing the risk of liquid or gas leakage. During well completion, a pump and tubing is placed in the well and connected to a surface-mounted drive motor to extract coal seam water and enable of the flow of natural gas to the surface. + +&#x200B; + +https://preview.redd.it/m0i3fkjvlrp71.jpg?width=869&format=pjpg&auto=webp&s=b53dabbabfa40ac68859db95406aaac60ed12448 + +&#x200B; + +https://preview.redd.it/jebsv19zlrp71.jpg?width=740&format=pjpg&auto=webp&s=690ba447575f65ac6026f0c6491feac893f892a2 + +&#x200B; + +[ ](https://preview.redd.it/cbtk4el1mrp71.jpg?width=605&format=pjpg&auto=webp&s=50051b994af3b1bc594db1af091fec475245df87) + +# Where to from here? + +A lot of the above information is less focused on EXR and more on the process involved for them to go from explorer to producer which will most likely be the next mid-term catalyst. + +When I get the chance I’d like to do a part 2 to cover the opportunities once we receive some numbers following their pilot testing. This could involve the following: + +* Possible take-over based on their booked resource following pilot production and the potential value of the recoverable gas once better quantified +* Hydrogen opportunities both blue (gas) and green (solar & wind) +* Potential agreement with Rio to supply gas for their Mongolian Gold/Copper mine Oyu Tolgio +* Gazprom’s future gas pipeline and tapping into that to supply China with gas +* Construction of a gas-fired power station. As per EXR’s announcement on this, the power station would be constructed in stages, initially with the capacity of 10 megawatts but then expanded into a larger capacity project. Clarke Energy is currently undertaking a feasibility study on the proposed station. + +In mentioning Hydrogen, some relevant news may be dropping this week at the *International New Energy Summit* (29th-30th September). As part of it, Neil will be speaking for 20 minutes about the H2 development prospects. I’m not expecting anything big out of this but it may be interesting to hear an update regarding that side of the business. To provide some more context: + +# EXR & Hydrogen + +At the start of the year, EXR established a subsidiary known as GOH Clean Energy to evaluate the potential of clean energy-related ventures in the region. As part of this development, GOH purchased a sonic detecting and ranging (SODAR) unit from an Australian company, Fulcrum3D. This unit is used to measure wind and solar resources. The following is from the *International New Energy Summit* page: + +*In terms of Mongolia, the country has the potential to become one of the major producers of solar and wind energy through establishing the Northeast Asian Super Grid. The Southern Gobi region of Mongolia has tremendous solar and wind energy resources and there is great potential to produce 13,000TWh of electricity per year according to feasibility study. Based on feasibility study, “Strategy for Northeast Asia Power System Interconnection” initiated by 2017 with support of the Asian Development Bank, the Northeast Asian Super Grid is technically and financially feasible to establish from 2026.* + +*Under this condition, 5 to 7 billion dollars’ investment will be enabled as of 2026, 5 GW wind power generations will be commissioned by 2031 and 10 GW by 2036, and its installed capacity able to reach 100 GW in the future. In that, acceleration and implementation of the Northeast Asian Super Grid Initiative will play an important role in reducing the negative environmental impacts of the energy industry and mitigating global warming. Besides, the Northeast Asia could share significant growth of global renewable energy market in the future.* + +&#x200B; + +https://preview.redd.it/xfqaujesmrp71.jpg?width=936&format=pjpg&auto=webp&s=f34ec7a10e08a6feda63c2745856188f371a7e39 + +In terms of Green hydrogen relating to Mongolia, the following is a section from *Green Hydrogen Application in Mongolia* released this weekend. A link can be found below. + +*We find that green hydrogen could be produced relatively affordably, at 3.3-4.7 USD/kg of hydrogen – compared to a global average of 4.8 USD/kg in 2020. The most optimal location for green hydrogen production with respect to the cost effectiveness is in the South Gobi region. However, its production potential may be limited by the local availability of water resources which is already scarce in the southern region of the country.* + +*From the demand side analysis, the results suggest that heavy-duty transport in the mining sector is the most promising application when considering both economic feasibility and GHG emission reduction potential. Shifting to a fuel cell-based truck fleet in 2020 would only be 12% more expensive compared to purchasing and operating new diesel trucks, in terms of energy delivered to the wheel. Shifting to fuel cell trucks in the complete copper and half of the iron ore production in the country could mitigate about 1.2 Mt CO2e annually, corresponding to about 3.5% of national emissions in 2014, at an estimated abatement cost of only 10 USD/tCO2e.* + +&#x200B; + +https://preview.redd.it/tdynj0wtmrp71.jpg?width=989&format=pjpg&auto=webp&s=ee02454ee4a1531fac08b845ecafc621026ed48e + +# Final thoughts + +As I stated at the beginning, a lot of this information may be more useful for current holders if you’re unfamiliar with some of the technical aspects of the upcoming pilot production program and hopefully I’ve made it a bit clearer. For the rest of the year I’m not expecting any rockets out of EXR as like a lot of companies this one is a long term hold and I’m confident in management to follow through with their program. No company is without its risks though but I’m also keen to see what happens over the next 12 months and find out more about the hydrogen side of the business. + +# Additional reading material: + +[https://www.sciencedirect.com/topics/earth-and-planetary-sciences/coal-seam](https://www.sciencedirect.com/topics/earth-and-planetary-sciences/coal-seam) + +[https://eisdocs.dsdip.qld.gov.au/Santos%20GLNG%20Gas%20Field%20Development/EIS/Main%20Report/chapter-03-natural-gas-from-coal-seams.pdf](https://eisdocs.dsdip.qld.gov.au/Santos%20GLNG%20Gas%20Field%20Development/EIS/Main%20Report/chapter-03-natural-gas-from-coal-seams.pdf) + +[https://www.chiefscientist.nsw.gov.au/\_\_data/assets/pdf\_file/0010/31321/Life-Cycle-of-Coal-Seam-Gas-Report\_FINAL\_PJC.pdf](https://www.chiefscientist.nsw.gov.au/__data/assets/pdf_file/0010/31321/Life-Cycle-of-Coal-Seam-Gas-Report_FINAL_PJC.pdf) + +[https://ccag.org.au/coal-seam-gas-csg/](https://ccag.org.au/coal-seam-gas-csg/) + +[https://newclimate.org/2021/09/24/green-hydrogen-applications-in-mongolia/](https://newclimate.org/2021/09/24/green-hydrogen-applications-in-mongolia/) +Turns out 80% of the engineers at my company hold GME, and the majority were ridiculing another engineer that sold out when it crashed. + +Needless to say, we instantly became best friends, and shared our positions and thoughts on GME. There’s no better way to connect with a group a guys at work that I was only loosely familiar with before. + +Now we will be even less productive! + +Edit: To set the stage properly, I’ve been working from home for the last 13 months. I finally came back in to the office just to check on a few things. We’ve hired a few engineers recently that I’d hardly taken the time to get to know. I was walking through the engineering department on fairly urgent business when I saw a group of younger engineers holding a conversation. I eavesdropped in on the conversation and just heard, “paper-handed bitch.” My ears perked up and I stopped dead in my tracks. I turned around and said, “wait, are you guys talking about GameStop?” *insert Spider-Man pointing at Spider-Man pointing at Spider-Man meme* +The look of recognition of a on their faces seeing a fellow ape in the wild was priceless. By the time we were done reminiscing on the last 4 months and sharing opinions, I was mentally ready to pack up and go home for the day. Knowing other folks that also have a personal stake in GME makes this move so much more fun. It’s one thing to be ridiculed and called a paper-handed bitch on the internet. It’s another thing entirely to have coworkers holding you accountable and making sure that we all hold together. My hands gained a few more diamonds today. +I am seeing a lot of posts lately about how someone's company IPO'd and they got a very lucrative equity package in the process. I work in venture right now and I don't see a lot of these opportunities in the wild, at least on paper (minus founding team or board members). Most I see do not offer equity for a great majority of positions and those that do seem to be very, very small. I am at a point in my career where I could join a startup's leadership team so I am curious what these equity packages / sign-ons looked like for those that have gone through them or seen them secondhand. +Womp womp. I’m in my early 30’s. Engaged, no kids. I live in a VHCOL city. 17% cash, 82% funds/stock. 100k salary (freelancer - so salary is different every year but it’s around that.) I got an inheritance of $250k when I was 26 and I never spend a dime! + +I don’t really know what to do here... + +I still don’t want to spend any of this but I really want to move to a bigger place as quarantining in a one bedroom was not fun. + +Mentally, I am extremely frugal and it’s very hard for me to break those bonds. I do want kids eventually so I don’t want to let them down by blowing it all on a sweet pad. + +How do you decide how much of your gainz to spend on luxuries every year? + +Thanks all. +Sup apes + +not financial advice in the slightest. + +Before I begin this analysis post, if you question the validity of fibonacci and Elliott Wave because it has proven to be "incorrect" you are approaching this topic with the wrong mindset. Fibonacci and EW are quite literally the "formula" to the stock market, but its much easier to understand than it is to implement. + +GET FUCKING HYPEEEE!!!! + +Obligatory crank: [https://www.youtube.com/watch?v=Phy75VJRObQ](https://www.youtube.com/watch?v=Phy75VJRObQ) + +Spotify link: [https://open.spotify.com/track/21UoRIOIjkWdHU8xbxQ0Z7?si=1958348bf5524bf0](https://open.spotify.com/track/21UoRIOIjkWdHU8xbxQ0Z7?si=1958348bf5524bf0) + +As always, I post intraday analysis on my [twitter](https://twitter.com/gavinmayreal) to provide updates on what I see, if you're interested in the snippets/BTS charting, you'll love it. + +In this post I am going to be going over mainly GME and touch on a few indices. + +First off, if you've been reading my posts for a while, you'd know I was on the lookout for the current trend to hold above 197 for my wave count to be correct. Friday and today we broke below this level, seeing a low of 193.71. + +Wut mean you ask? + +All this means is that the count I was analyzing on a smaller scale was invalidated, as we broke below the original supposed low target of 197. + +In lehman's terms, instead of a 3 within a 3 within a 3 within a 3, the updated trend will be a 1 within a 3 within a 3 within a 3. + +basically, nothing is changed. + +I am also very well aware that bad actors read my and other's analysis and act on it as an attempt to attack the validity of not only technical analysis but members of the sub that are looked up to for their analysis. + +To the shorts that do this, I say fuck you, pay me. + +I have happily added more shares under 200, that's a fucking steal if you ask me. + +Here's my updated chart factoring in today's low, simplified (I cleaned my shit up big time) + +[Daily](https://preview.redd.it/lq89qnsfqn971.png?width=2816&format=png&auto=webp&s=720f08ff3a540599c47662db4299584baef44abc) + +Note, the only targets changed from the recent downward pressure (white line/red annotation). All larger scale targets remain the same, the only way the latter would be invalidated is if we broke below 112.83 (yellow line target) and 38 (blue line target) + +The white (3rd largest degree) will go down proportionate to how much downside we have from hereon out. example, the 1.618:1 ideal wave 3 target factoring in today's low of 193 comes out to 567.66. If we drop to a low of 190 in the next few days before continuing up, then the updated 3 target would be 564.66. + +My biggest reason for writing this is to clear up some misconceptions I have heard regarding the wave structure. + +So idk about you, but I could care less about what happens in the short term. The overarching setup is (as always) screaming buy. + +However, in terms of my previous prediction of 197 being the low, this fell through as we broke below the smaller scale wave 1 low. Remember, for a motive (5 wave impulse) structure, wave 2 cannot retrace into the territory of your wave 1, otherwise you must redraw. There is NO exception for this rule. + +Before I continue with GME, I would like to shed more light on my [$SPY analysis ](https://www.reddit.com/r/Superstonk/comments/obn6rx/elliott_waves_and_the_top_of_the_market_is_this/?utm_source=share&utm_medium=web2x&context=3) . I still hold my 432 top target, I just want to go a bit deeper in the analysis. I was considering making another youtube video so you could see how I analyze and draw targets, but I'll save that for another time. I do want to thank you all for the insane amount of support on my first (and only) [GME SPY EW video ](https://www.reddit.com/r/Superstonk/comments/o1j93q/a_message_from_elliot_waves_guy/?utm_source=share&utm_medium=web2x&context=3) + +Here's what I see on a 4hr view: + +[4hr](https://preview.redd.it/wf4gw34otn971.png?width=2782&format=png&auto=webp&s=20c654cb312a1b3823a203fdde519bc7a26c9d94) + +Monthly: + +[Monthly](https://preview.redd.it/51ovbhfstn971.png?width=2772&format=png&auto=webp&s=11191e09c072e0d761c6d48e487db233da740945) + +Without a doubt, SPY is ridiculously extended to the upside. + +I believe we will see 436 hit in the near future at the very least, highly doubt much more upside from there. My reasoning for this is remember that EW is a fractal trading strategy, meaning targets on a smaller timeframe line up to form larger time frame targets. + +&#x200B; + +[visualized](https://preview.redd.it/51mjqx85un971.png?width=2824&format=png&auto=webp&s=e6549eb2b289e18c38c3e5965405607447805b86) + +You can see the 5 wave structure from the recent lowest low, normally wave 4 can't retrace into the territory of 1, however keep in mind the overarching wave is a 5, meaning 4 CAN retrace into the territory of 1. This trips a lot of new EW traders up as they don't understand the rule of **diagonals.** + +regardless, wave 5 usually targets .618 - .786 of 1. the .618 level of this move comes out to 436, where the bigger cycle 5 next target comes out to 436 as well (1:1 level, yellow). + +an extension of above .786 for a wave 5 is considered to be extended for what it's worth. The yellow trajectory I drew is **only for visualization purposes** and in no way is saying this is exactly how SPY will play out in relation to price/time. + +the reason I'm talking so much about SPY here is because GME and a little something called negative beta. in short, market go down, GME go up, and vise vera, though correlation does not mean causation all the time. The market being near the top and GME near/at the bottom of the trend is interesting when you compare the two, and the supposed trajectory of each from hereon out using EW: + +&#x200B; + +[visualized](https://preview.redd.it/kyv6eatvun971.png?width=2782&format=png&auto=webp&s=1983cec53b01236137008a1039415c226380dda2) + +again, do note the white lines on SPY are only for visualization purposes, see my SPY DD for in depth retracement targets for our seemingly imminent bear market. + +SPY near top and GME near bottom, hmmmm... + +In terms of GME downside should this not be the bottom, super dumbed down, here's the channel GME is traveling in with fib dates worth keeping an eye on: + +&#x200B; + +[channel in red, time extensions colorful](https://preview.redd.it/6uei55gevn971.png?width=2792&format=png&auto=webp&s=20b232cd208d12dcd1a0c33f885f697d41cf446d) + +Fibonacci time extensions can also be used to predict when a wave will change trajectory. In this scenario, I measured the length of the 1 (from 113 to 344) to get fibonacci numbers in relation to this time period. Stocks often need to cool off/consolidate after big moves before continuing the original trajectory. Totally normal in the stock market. + +However, given that GME is incredibly manipulated, take these fib dates with a grain of salt. I personally don't use them often with GME, though on other tickers I have found it to be quite profitable. Not that I endorse GME day trading at all, because you shouldn't, though when trading NORMAL (key word) tickers, Ideally, when swing trading, you load a full position a bit after the first upwards move, and use fib time extensions to predict when the corrective wave will end. + +In this scenario, the 38.2 time extension comes out to tomorrow, which signals a **potential** reversal coming tomorrow. Wednesday is also notorious for erratic GME movement, so stay buckled up! + +What's realllllllly fucking interesting is the 50% time extension comes on the notorious 7/14 date. + +What I want you to take away from the above visual is in the event that our reversal doesn't begin tomorrow from today's low, lower bound of the channel comes out to around 175. Just keep an eye on that level for some insane cheapies if Shitadel decides to abusively press the short button. + +All in all, GME is incredible bullish and those that hodl through this wave 2 will be handsomely rewarded. This I can guarantee. Fibs don't lie. + +What make's me think today COULD be the low is, you guessed it, significant fib levels. This time, I measured the low of february to the high of march (second highest degree of waves), visualized: + +&#x200B; + +&#x200B; + +[4hr](https://preview.redd.it/2qrmj1fuwn971.png?width=2768&format=png&auto=webp&s=131324b10245d06fae1396aa73c6366854c49b3a) + +Fib level? 193.5. Today's low? 193.71. + +so close to .69 :') + +Until we have significant upwards pressure, I won't have narrowed down smaller timeframe upside targets, but larger timeframe targets are still valid. It will be very hard to break the overarching setup for the shorts. + +I'm out. Thanks for reading 🍌 + +Time to go get high af and stare at fib levels some more. + +TLDR: Boom soon, Market near/at peak, GME at/near bottom, negative beta, GME to 8+ figures is not a meme and will happen if you believe and hodl for it. I know I will 🚀 +Hi, Tenant here. + +Please start offering to prospective tenants the opportunity to build credit through responsible and on time rent payment. It creates good will, and shows that you are committed to doing things right. + +Many renters are trapped in a cycle where they cannot build credit or savings to realize their desire of owning a house, and the dignity/wealth building that it comes with. + +The least a Landlord could do to curb the growing hatred of their practice, would be simple steps like this. + +Thanks to u/arsewarts1 for providing [this nerdwallet.com article ](https://www.nerdwallet.com/article/finance/rent-reporting-services) , containing information on how to get started with reporting credit for rent payments, and how it might not actually be the best interest for certain types of renters. + +Thanks to u/LordAshon for proving [this Urban.com article](https://www.urban.org/urban-wire/using-rental-payments-mortgage-decisions-could-create-more-inclusive-housing-finance) , which goes into much more detail and provides critical analysis of how payment histories are used in mortgage underwriting determinations. + The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores. The company sells its products under the Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero Sugar, Fanta, Fresca, Schweppes, Sprite, Thums Up, Aquarius, Ciel, Dasani, Glaceau smart water, Glaceau vitamin water, Ice Dew, I LOHAS, Powerade, Topo Chico, Ades, Del Valle, fairlife, innocent, Minute Maid, Minute Maid Pulpy, Simply, Ayataka, Costa, dogadan, FUZE TEA, Georgia, Gold Peak, HONEST TEA, and Kochakaden brands. It operates through a network of independent bottling partners, distributors, wholesalers, and retailers, as well as through bottling and distribution operators. The company was founded in 1886 and is headquartered in Atlanta, Georgia. + + + Recently, the Coca-Cola Company (KO) has seen its share price fall by more than 16% over the past 12 months (-13.4% of total return when dividends are included), a period during which total return of the S&P 500 is 24%. The stock price recovered from its COVID-19 low in early 2020, but remains well below its previous high. Coca-Cola's executive leadership plans to build a stronger business model around its brands to incorporate more growth in future margins. Additionally, executives are also targeting a figure of $ 8.5 billion of free cash flow for the 2021 guidance. + +Google Sheet Report: [https://docs.google.com/spreadsheets/d/1hZS-czdPVoBHxZXjoJGidD-4U7GfrwFoaLgYDw\_9oJE/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1hZS-czdPVoBHxZXjoJGidD-4U7GfrwFoaLgYDw_9oJE/edit?usp=sharing) +The CEO of blue prism sums it up nicely, high tech and innovative firms are better off listing in USA . The UK only understands old businesses: mining ,old banks , construction and old retails and utilities. + +"In a report in The Times on Monday, Blue Prism Chief Executive Jason Kingdon said that the company was looking at listing in the U.S. because Americans value subscription software companies more highly than British investors, who, he said, don’t have the same knowledge of the sector. + +Kingdon also said the London market was “too illiquid and too small.” + + +https://www-marketwatch-com.cdn.ampproject.org/v/s/www.marketwatch.com/amp/story/high-tech-british-firms-eye-u-s-listings-in-blow-to-post-brexit-london-stock-market-11610991528?amp_js_v=a6&amp_gsa=1&usqp=mq331AQFKAGwASA%3D#aoh=16110180195261&csi=0&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fhigh-tech-british-firms-eye-u-s-listings-in-blow-to-post-brexit-london-stock-market-11610991528 +Econ undergrad here, taking mostly lower div classes. I'm finding a pretty huge disconnect between the research of my professors, and what I learn in classes. In classes, we learn models and graphs, like basic supply and demand curves to social welfare functions and ISLM graphs. But the research my professors do (and most papers I seem to find), at least from the outside looking in, seems to be just finding some interesting data, and then running a regression, like applied statistics. Do people still make new graphs and models and whatnot? Is research on theory still a thing? +What purchase / extravagance do you justify in that it makes time for enjoyable activities or it prevents you having to do unenjoyable ones? + +I signed up for supermarket grocery delivery subscription, which at first felt like a waste when I’m a 10 minute walk away. But working the effort/time out, I’ll save around 3-4 hours a week not having to walk there and around the shop. And a money kicker is it’s also easier to scour for the specials. + +Whats yours? +I and my roommate have gotten into the MMT for over a year now. We have no economics backgroud. I am a psychologist, he works with electricity. We try to engage in discussion about economy and economic theories, but we rarely find people advocating for non-mainstream economic theories or rarely find people that know their economics. Can someone help explain? Hopefully someone who also finds flaws with mainstream economic theories. + +We are also from Germany, maybe that information could somehow be relevant. + +Edit: Sorry, spelling error in the title. I am on my phone and the "reddit is fun" app. Can't seem to correct the title. +This is a follow up post to this one i made 20 days ago [Vanguard NOT sending over Cost basis to Computershare.](https://www.reddit.com/r/Superstonk/comments/qdiue2/calling_in_wrinkle_brained_support_what_is/) + +&#x200B; + +After i discovered all of this, i decided to file a complaint to the SEC and FINRA. Well yesterday was the deadline for Vanguard to respond, and they LIED and I can prove it. + +&#x200B; + +[Vanguard claiming they sent my cost basis over on 10\/22\/21 \*SEC \/ FINRA CCd\*](https://preview.redd.it/ftcwnd7x00z71.png?width=769&format=png&auto=webp&s=80bbe7b5099823f91d2f58bba64a63659a58908e) + +I found this alarming, as i remember asking computershare on 10/28 if they have received my cost basis yet, here is the conversation. + +&#x200B; + +[10\/28\/2021 - Computershare says no cost basis received from Vanguard](https://preview.redd.it/65988nt410z71.png?width=605&format=png&auto=webp&s=7314f9248cd11aba9b87abc0f76034d31c360741) + +So what do i do this morning? I go back to the good ol live support at Computershare and have this conversation + +&#x200B; + +[fast track straight to the secure form](https://preview.redd.it/mlrw7xqb10z71.png?width=753&format=png&auto=webp&s=a443812f8eafa165e0ae29e3b699db0c1e78343c) + +[Edrick kinda giving me a run around answer? but i wasnt having it.](https://preview.redd.it/y7p3n1rb10z71.png?width=750&format=png&auto=webp&s=156df08f357803fa6d83e551f5f08e00ec4ab83d) + +[WELL WELL WELL, LOOKS LIKE SOMEONE IS LYING](https://preview.redd.it/qe8x4yqb10z71.png?width=755&format=png&auto=webp&s=bd1518c8c232eaa2b60731cb31a1a0f9b8cbefb3) + +As i post this i am about to fill out another SEC and FINRA complaint. This is not okay and if you are in a situation related to this i highly suggest getting it in documentation and reporting it to the SEC/FINRA + +&#x200B; + +BUY, HODL, DRS + +&#x200B; + +EDIT: A LOT OF CHATTER ABOUT PEOPLE BEING IN THE SAME SITUATION. IF YOUR SHARES IN COMPUTERSHARE LOOK LIKE THIS: + +&#x200B; + +[Non-Covered \(2\) shares](https://preview.redd.it/o0z2wjw911z71.png?width=1466&format=png&auto=webp&s=bf66d07b754ac2bfd3efb48e2b3861468632c8ce) + +THIS MEANS YOUR BROKER HAS NOT SENT OVER THE COST BASIS TO COMPUTERSHARE. + +Edit 2: shamelessly plugging how to guide to DRS the shares in your IRA as this is the last shares i have to move + +https://www.reddit.com/r/Superstonk/comments/qe6wfu/drs_my_ira_shares_yes_i_believe_i_did/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Few days ago I read the article on his proposal for rent price increase limitations. Now this... + +[Link](https://theweek.com/speedreads/865930/bernie-sanders-proposes-25-percent-house-flipping-tax-new-housing-plan) + +What do you think will happen if this would gets pushed through? +I posted my bank account here yesterday not really expecting anyone to comment, just to vent. Well I'll be honest, I was very suicidal yesterday when I posted that. I had a plan and everything. Luckily, I didn't go through with it and am doing better today. I logged into reddit this morning and burst out crying from all the comments I saw on that post. It made me feel like I wasn't alone in this. Thank you all so much for your kind words of support and advice. +The sideways trading days always make days like this more special; even if the stock gets shorted before market close. What makes it even more enjoyable is the fact that no major news organization mentions GME as it goes up 19% (so far). The DD is complete, and there are several other facts that prove to me that MOASS is inevitable, but the utter media silence truly speaks volumes. +OK, so. My specific question regards crypto' but I don't think that matters. Anyhow. I have several projects I am very interested in holding long term. In fact that's primarily what I want to do. I see potential in these projects and am prepared to hold through ups and downs. + +But. + +Since holding I have seen several increases in percentage as the markets rises and have always seen them drop essentially 'losing me money' potentially. However most of the time they still settle above my initial investment. So all good? + +Well I see instances through analysis (and gut feeling, I know stupid) where I could have sold for profit and reinvested when they fall but whats the best strategy? + +Let's say invest $100 at a price of 0.10c, that gives me 1000 'shares'. The price rises to 0.15c. I cash out and have earned $50. + +If I want to take that $50 out of my investment pool, then to successfully reinvest on the same project, I would have to hope that the price returns to 0.10c or lower to better my position. Or its not worth taking profit, because if I invest the initial $100 at 0.12c I now only have 833 shares. + +On the other hand if i cash out profit to reinvest (now $150) any price lower than my sell price is good because it returns me more shares without investing any more capital. + +It's hard to write down exactly what I mean, but for some reason anytime I cash out I want the price to return to original or lower than my initial investment or to me it seems I'm making the wrong choice. But so does not capitalising on surge of price and taking profits only to see the price fall back again. + +Even though I know (or trust) eventually the price will settle higher than my initial investment, I cant help seeing opportunity to make money when the price makes a big move. Even if I only want to make profits to reinvest more in the same project.. + +This wall of text seems way too scrambled to make sense, I hope some veterans will make sense of it and guide me a little. Haha. I'm quite new to this game. + +Thanks. +Basically a title. I don’t know much about interest rates maths and how it practically affects the real world. But when I thought about this, it made sense. Can somebody explain if this statement would be true under given circumstances and if there are any other a good uses of inflation like this case? And what are some clever ways to use bank loans? +I am working on a $150k job where in reality I only need to work \~12 hours per week. It is a highly specialized market and I am paid slightly above market rate. + +The issue is, I have not been learning anything new in my job, and it is not helping my career growth. I am taking some further studies and learning new skillsets on the side too, but it is very hard to keep myself busy and completely satisfied. + +I feel like this is my last chance to leave before I am tied down to a mortgage in Sydney. I think I can get a 10% pay bump at best, but will have to go back to the 40 hrs/week schedule. + +If you are in my position, would you quit the 150k job? + +Edit: +Wow, thank you so much for everyone's response, there are so many split viewpoints in here! I am contemplating to move on a more challenging gig and to take more responsibility. It is not wise from a financial perspective, (15k increase a year for 20 more hours work-week), but hopefully I will be able to drive more meaning from work and increase my satisfaction in the day-time. As much as I love the second job/side-contractor idea since I am WFH, unfortunately I have signed a Non-Compete and also a IP protection clause - at company time I am not allowed do anything else apart from self-learning. +Hi all, + +Just curious... if anyone can explain to me, or has an idea, of WHAT is going on in the Stock Markets?! + +So to summarize, 2020 has been pretty 'shite' of a year, and we have a full on global pandemic, economic crisis around the world with most 1st world countries reporting up to 20% recession on GDP, real estate markets that might collapse or have a slow year, inflations that may be record high once markets start again after pandemic due to all the increased funds and supports by government, and now finally a FULL on civil war/riot and 'revolution' in the US. + +So to put it mildly, economically, we should be screwed. Yet, right now, I have over 10% YTD return on my investments. What.The.Hell.Is.Going.On? Can anyone give me rational explanation, or is this some abnormality that will slap my funds when reality hits in a few months? + +I'm really trying to understand, and nothing is making sense to me... +I've been noticing a lot of threads from people that are, bravely, admiting they fucked up by blowing up their account. Firstly, I want to congratulate you guys. There is no shame in that, because it's part of the process for most successful traders. If you don't quit, you will learn a valuable lesson. I want to share my past with you guys when I first blew up my entire savings on a single trade. Prior to that, i also blew up another account during my college years. I figured if I can be a semi-pro in csgo (not that i was but i could have easily been), trading would be a similiar challenge. + +--- + +Trading has never been easier. With a few mouse clicks, you are either coming out as a winner or a loser. Anyone can trade and anyone can get lucky. When you combine those two factors, we end up hearing stories of how someone on a subreddit of r/wallstreetbets is still holding on to a 2000%+ return from buying uncovered call options of Tesla or people holding bitcoin, hoping it goes to the moon. + +Shown [here](https://i.imgur.com/cGefxKz.png) are two different equity graphs. On the left side, we have Graph 1, where it indicates a typical trader on r/wallstreetbets. They oversize their long/short position and have very large drawdowns. Eventually, this trader ends up blowing their account. They also expect each trade to be a winner, or why would any normal person trade otherwise, right? It's a wrong mentality. All professional traders dont expect any particular outcome. It can be a winner or a loser. Their edge wins in the end, because they are profitable over a series of trades. They take trades without any hesitations or emotions. Graph 2 is how most professional traders' equity graph looks like once they truely are aware of their emotions. + +So when and if the trade goes in red, the following usually happens: They are frozen in fear and in result they are in able to think rationally. Every time the market goes in their favor, even for a split second while they are still in the red, they are convinced this trade will work out…eventually. Then, the market goes against their favor even more, so they are swearing to themselves that as soon as the market goes in their favor again, they will take a small loss. As they watch their profits bleed in red font, the market slowly goes in their favor. Their profits are still in red color, but it seems, now, the market is going back up to breaking even. I don’t need to take a loss. Who knows...these numbers might turn green. As they stare at the vibrant red font, representing their unrealized loss, they are not even paying attention to what is happening in the market. After waiting a grueling few more minutes, the market - without a single hopeful sign – never comes close to the breakeven point. In fact, it goes back lower than before. Now the trader can’t handle being in this situation. The amount of stress and uneasy feeling makes it too painful for them to hold on the position. They rather take the loss than ensure another second of this pain. So they end up closing the position just like that, and their mind is finally free from the burden of looking at the red numbers. Their mind is paralyzed. They don’t know how to act, feel or even what to think. They wished it was a bad dream or could rewind back in time. Read this, ALL consistent profitable traders have been in this position before…ALL. + +What happens if an average WSB trader keeps trading just like the way they do a hundred more times? Will they blow out their account before they can finish making 100 hundred trades or come out just losing/making some money instead? My money is on the former. Or a better question would be: do you know want to be a consistent profitable trader or trade as if every trade will make you either broke or over-night filthy rich? + + +When I decided to invest full-time into learning how to trade, I made a lot of mistakes (ive lost my savings more than once) and encountered a lot of fillers. I didn't know what trading strategy worked best or which signals to follow. I couldnt even tell you what accumulation or distribution meant, let alone how they were formed. I remember in April of 2019, when Ethereum was around $100 - $180. I longed 241,000 contracts ~ roughly about 9 bitcoins at that time. I went to bed without having any stops. Next morning when I woke up, I immediately checked my email to see this [message.](https://i.imgur.com/LW11Ls0.png) + + +Words can’t describe how I felt. I was so sure that ETH would not visit $149 during that short time. I couldnt even function properly. I had no money to pay rent... it was so bad that I just wanted to sleep and be in a different world. I decided to stop trading all together by stepping away from trading in general for 6 months. I started to figure out how to become a consistent profitable trader as I worked my old job. After a year and half of just learning , I decided to trade again. Eventually i became a prop trader for earn2trade. I highly recommend to take a break when these types of things happen to you. Adam Grimes also has couple of other suggestions from one of his [books.](https://i.imgur.com/PfTVKN0.png) + +--- + +I highly recommend reading two books that helped me tremendously on how i saw the market: 'Trading in the Zone' by Mark Douglas and 'The Art and Science of Trading' by Adam Grimes. Adam Grimes has a free blog where most of his ideas are there for anyone inerested. Mark douglas has videos on youtube (highly watching all 4 parts): https://www.youtube.com/watch?v=QgaTlTfQnZI + +Until then, stay strong and chin up. + +--- + +Edit (1): Some of my fav. Mark Douglas' quotes (not in any particular order). He was a great trading coach for a lot big traders back in the day. + +>- When you achieve complete acceptance of the uncertainty of each edge and the uniqueness of each moment, your frustration with trading will end. + +>- When you genuinely accept the risks, you will be at peace with any outcome. + +>- When you really believe that trading is simply a probability game, concepts like right or wrong or win or lose no longer have the same significance. + +>- Why do casinos make consistent money on an event that has a random outcome? Because they know that over a series of events, the odds are in their favor. They also know that to realize the benefits of the favorable odds, they have to participate in every event. + +>- No man ever reached to excellence in any one art or profession without having passed through the slow and painful process of study and preparation. + +>- The typical trader doesn’t predefine his risk, cut his losses, or systematically take profits because the typical trader doesn’t believe it’s necessary. The only reason why he would believe it isn’t necessary is that he believes he already knows what’s going to happen next, based on what he perceives is happening in any given ‘now moment.' + +>- It’s the ability to believe in the unpredictability of the game at the micro-level and simultaneously believe in the predictability of the game at the macro level that makes the casino and the professional gambler effective and successful at what they do. + +>- Rarely will the typical trader stay with his system beyond two or three losses in a row, and taking two or three losses in a row is a very common occurrence for most trading systems. + +>- If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist. + +--- + +Edit (2): Firstly, I’m so happy to see a conversation revolved around an issue most people have difficulty admitting and then to even go talk about it, means you’ve already shown resilience. It’s one important characteristic for all pros. I also applaud to those that have had it worse than me and still continue to trade. I hope one day, you achieve your goals. I’ve read all the comments, again thx for contributing. I’ve noticed that a lot of us are confused distinguishing a successful trader from a consistently profitable trader (aka the pros). You can be a successful trader by simply making a handful of trades and reaching your goal and never trading again. Great - nothing wrong with that. Being a consistently profitable trader is trading full-time and making a consistent living. This thread is for those that to be consistent profitable traders. +After 2.5 years of this, I'm finally profitable enough to replace my salary and then some, so I'm quitting my job at the end of the year to trade full time. My parents know this and have asked me to help them out by also trading their money. They're both in their 60's and not even close to ready for retirement. Thus far I have responded with, "I'm not allowed to trade other people's money", but I would like to help them out if I can. + +Have any of you figured out a way to do this legally? Is it just a matter of changing my trader status to "professional" with my broker and the IRS? What are the ramifications? Or would it be better to just gift them a portion of my profits every month? +Been looking to get a car over the past couple of months and I just can't believe how much a typical car costs on finance, I earn slightly less than twice the national average salary and I'm just not sure how regular people afford things like this anymore. + +Car finance seems absolutely wild, almost twice what I paid 3 years ago. Rent is crazy too, mortgages have gone up dramatically, food is absolutely out of control... I just don't understand how anyone is managing to afford to buy the things they typically do. + +I just don't understand how they're selling any cars, whos buying stuff like this anymore and in such volume because it certainly isnt the average person? +I made a transaction from Coinone to Bittrex Exchange. + +But there is no deposit in my wallet and no pending deposit. +Bittrex Exchange do not solve my problem for 9 days. +They do not respond to me on twitter, facebook messenger, and suppert tickets. Automated replies only. + +The account explorer shows its correct. But i cant find my 333230 XRPs, worth 400000 USD. +What can I do? It's all about my money. +Why this terrible situation happen in my life. It's a nightmare. +Someone cheers me XRP price elevating. But i dont have that XRP, now. + +Frankly speaking, I feel some psychotic problem. +When i see price up, i feel manic. +But when i see my empty wallet, i feel depressed. +It repeats all days. +I lost my weight 4kgs for 9days. + +https://imgur.com/a/Qf2rd + +The transaction was successful, and validated in ledger 34982284 on December 13, 2017 12:05 AM. + +TXID D85B54E292EE6B01673DE5A18D15B771D6611E39B64B772003B29B8F66899CF9 Address : rPsmHDMkheWZvbAkTA8A9bVnUdadPn7XBK to rPVMhWBsfF9iMXYj3aAzJVkPDTFNSyWdKy. Destination tag: 668272229 + +Support ticket #694753 + +HELP ME PLEASE UPVOTE + +Please upvote, everyone should know this terrible risk and avoid it. << +Please upvote, Bittrex team can see this and solve the problem. << + +UPDATE: +I wrote same text at 'cryptocurrency', bigger sector. +And many redditors upvoted about 5000k. +Now A member of Bittrex support team replied to me at my ticket, 2days ago. and he said my issue was escalated. +But my wallet is still empty. +I guess they go X-mas vacation without correction of my problem. +Oh.. It's very happy merry holy X-mas for them. I'm not. + +I think they did not read my support ticket carefully. +Obviously, i made the transaction with perfectly correct address and destination tag. +But their reply said to me i had to add tag. Haha... + +I wish i can update with fixed problem. + +UPDATE: + +26th Dec. +Not fixed.................. + +2017-12-28. At last. My problem was corrected. Thank you redditors!! : ) +# 💣 It’s in the Name! 💣 + +Parabolic Token has been carefully designed to achieve a single purpose – GOING PARABOLIC! Super addictive game and tokenomics will benefit the coin and consistently take it to new heights. Game will be released in November, so don’t miss your chance to get in early! + +# 📊 Tokenomics 📊 + +Tokenomics have been perfectly designed to ensure there is constant buy pressure and high volume. Low taxes enable users to swing trade without being punished with enormous taxes. + +* **Initial Total Supply 1,000,000,000,000** +* Initial Game Liquidity (Locked) 200,000,000,000 +* Dxsale Whitelisted Presale 631,890,600,000 +* Private Presale 168,109,400,000 + +💥 **3% Buy Back** 💥 Unlike most other coins that simply buy back tokens and send them to a dead wallet, team will buy back the tokens and automatically pair them with multiple liquidity pairs. 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