diff --git "a/reddit_finance_43_250k_299.txt" "b/reddit_finance_43_250k_299.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_299.txt" @@ -0,0 +1,10000 @@ +Basically the title. My husband and I bought our first house 6 months ago, and the cheapest quote we got to stabilize the foundation was $30k. We have 2 months expenses in our checking account, and $70k in a high yield savings account. + +Option 1) pay 50% deposit now and 50% when the work gets done this summer + +Option 2) pay 50% in cash now and do interest-free financing provided we pay the balance within 12 months + +I like the idea of having it over with and not having to deal with extra monthly payments but also find it a stressful thought to drop that much money at once. What’s the better way to go? +I think this is the only community I can post this to. I'm in the crowd who could RE any day now, but I choose to still work. + +More often than not I wake up feeling miserable, started using drugs in the last few months. Truly not a very happy person. Always looking at what I cant do, what I dont have, always feeling bad about how I'm not where I want to be and dont seem to be getting there, but sometimes I "wake up" and want to slap myself for complaining or feeling unhappy with my arrangement. I had one of those moments today. + +I woke up at 1pm, walked 10 feet to work, sat down at my desk still wearing pajamas with birds printed on them, opened excel and started work. I looked at how much money my website had made while I was asleep, looked outside at the beach view, and thought about the cars I have in my garage. I am living what most people would consider the dream, and I have the gall to complain about it or feel miserable about my arrangement? How stupid is that? + +You really do adjust to your lifestyle. There are plenty of people who have a lot less than I do, but are 100x as grateful for it and much happier on a day-to-day basis. I dont know how to do that. I will buy a car, adjust to it, and immediately be looking at the next, more unobtainable thing. Its not healthy. Just making this post makes me feel like an asshole. Its such an absurd thing to be depressed over, but here I am. Putting myself in the shoes of people who sub here and work a 9-5 they hate and arent near FIRE - if I saw this post I would think "What an asshole!" +Hey UKPF, just looking to hear from long term single folk? + +Do you feel that you have paid a price financially for the fact you are single? Do you have advice for other singletons about finances, getting a property and general future proofing your finances? +EDIT: Given the positive response, I'm considering turning this into a series of educational posts that will clarify some market mechanics and instruments where there are common misconceptions prevalent in the community. I am opening my DMs for suggestions, so slide on in. + +_______ + + +I have noticed lately misunderstandings around margin debt and the dreaded MARGIN CALL. So, I wanted to break down the basics as I understand them. Also I want to offer some insight into the psychology behind lending, margin debt, and most importantly why we haven't seen liquidations of the firms with high short open interest. + + +______ + + +Let's start by defining the relationships between leverage, collateral, and margin debt. + +When one seeks margin, they are leveraging their assets as collateral toward margin debt. + +For, example if I have 20 shares of $GME trading around $1,000 (post-MOASS). I have $20,000 in assets that I can **leverage** to gain more money, or **margin**. I then apply for a margin agreement with a lender, and they say "I see you have $20,000 we will accept that as **collateral** for margin up to $10,000. + +I immediately invest that in $DFVAL, Not a Cat Company. I now "have" $30,000 in assets. $10,000 of which is held in margin, which means I bought that with my lender's money. In other words I'm leveraged 0.5x, if $DFVAL goes 2x I can exit that position to realize the gains at which point I am holding nothing in margin if I pay the $10,000 in margin debt, I now have $30,000. + +Some of you may be saying, no you don't you didn't factor in interest. That's exactly right you damned fine wrinkly brained 🦍! In fact, that's the crux of the crux of points I'll be making later. + + +_______ + + +In the example above, I am not overleveraged. Let's say now I have $100,000,000 in assets. Now that I am a 🐳 whale 🐳, a lender might say, "hey you're not going to lose all my money. look at how good you are with money, here's $200M." Now I am now leveraged 2x my collateral of $100M. Now, I take that $200M and I short $GME at $1,000. Now I'm a 🌈 🐻. + +Ryan Cohen tweets: "🐸🍦🪐" + +$GME is trading at $2,000. + +I have $300M in Cash and Margin allowance. I owe the share lender 100k shares of $GME. How do I get those shares? I buy them back to cover my short position. But wait it's trading at twice the price I shorted!? + +Let's do some quick maths, I borrowed 200,000 shares that I sold short. It now costs me $400M to buy the shares that I need to return my share lender. I only have $300M, check my math on this, but $400M > $300M, I cannot cover. Now my margin lender holds a bag filled to the brim with $100M of my idiocy. + +😱 **MARGIN CALL** 😱 + + +______ + + +What is a Margin Call? + +A margin call is **not** (necessarily) the notification about seizing assets to liquidate. Instead, a Margin Call is the notification that you must reconcile your collateralized assets what is held in margin, or the lender will begin to liquidate the assets for you. + +Generally, a margin agreement gives between 2 and 5 days to reconcile collateral with margin. However, if you do not meet margin requirements by the 2-5 period, you lose that autonomy. + +Now the big problem is when a HF is not able to meet the demands of the margin call. Hopefully, the hedgie knows when hedgie is fukt. At this point, the lender decides to either increase the margin allowances or liquidate the HF's assets. + +To liquidate a HF's assets when they are in the red means losses are realized. The incentive to liquidate is to stop the hemorrhaging. If the HF believes the exposure to loss potential will out weigh... the interest on the loan. + + +That's right, margin debt isn't free, you have to pay interest on what you use. That means there is huge incentive to increase the margin allowances to increase the interest payments. It's an easy decision, the incentive to increase interest payments is better than realizing losses... After all, maybe they can dig themselves out of the hole....🤣😆🤡 + +______ + + +🎉 FUN FACT 🎉: there are reports of HF firms being 23x leveraged. + +How does a HF become so over leveraged? I don't know it's supposed to be regulated, but that's not really something I want to get into here (see Duke University's article linked below). + + +The point I want to investigate now is the psychology of a margin call. There's some interesting stuff happening on both ends of the line. + +The lender sets an interest rate on what they loan for margin. The lender then stands to gain more by loaning as much as they're able. So, when a margin call happens I imagine it going something like: + +Lender: "We're calling in regards to your account... Wtf?" + +Shitadel, Mel, BulgariaDude: "Hehe, I'm le sorry" + +Lender: "but seriously we're going to have to take some action" + +S, M, B: "That's fine I totally understand, have you thought about giving us more money. We can use that to fix things, is that cool?" + +Lender: "Now that's an interesting idea, do you pinky swear that you'll get the money back?" + +S, M, B: "Yes, sir or madam I do" + +Lender: "ok if we go from 2x to 3x that just waives the liquidation, what if we go 4x and say raise the interest rate from 4% to 5%" + +S, M, B: "sounds like a plan" -click- + + +This allows the shorts to buy time and that's all it does. They're sure they'll be able to recover, they always have been able to make it work in the past. The lender sees that past performance and let's it confirm their bias that the funds will get their groove back. It's the hot hand fallacy. + +For the borrowers, they have no choice. Whether or not they're self-aware enough to know how deep they have dug their hole is irrelevant. At this point they're gambling with other's money. The best course of action seems to be to use the new money to try to turn the infinite loss into gain. Turning the loss into a win would give them the most payout. + +Therefore, both sides are trying to avoid the liquidation. The lender sees increased interest revenue, and the borrower sees an opportunity to recover (with even more margin capital than they had before). + +______ + + +🎉 FUN FACT 🎉: Margin Debt is up to ~~$802B~~ $822B + +At an interest rate of 4%, that's a lot of incentive to avoid liquidations. + + +_______ + + +https://sites.law.duke.edu/thefinregblog/2017/01/26/do-hedge-funds-threaten-financial-stability/ + + +https://www.advisorperspectives.com/dshort/updates/2021/04/19/margin-debt-and-the-market-up-another-1-1-in-march-continues-record-trend + + +EDIT: adding another source on margin debt. + +https://markets.businessinsider.com/news/stocks/finra-margin-debt-hit-another-record-march-topping-822-billion-2021-4-1030330216 + +EDIT: + + +TL; DR (by popular request): Margin debt is out of control, and there's less incentive to liquidate than to lend more on margin. +I live in one of the most expensive places to live in the UK (Cambridge) and I am saving for a deposit for my own place as I live in a shared house at the moment. I like living in Cambridge but house prices are expensive for my salary. The only real thing I can afford is a shared ownership. + +House/flat prices are around 300k plus. + +I am f29 and am on around 33k as a software developer and I am trying to save around 15k for a deposit. I don’t want to be sat in shared living for years. + +My question is, is it really worth it or I can do something better with the deposit? + +Edit: + +So my key take always from this: +- As a 4 year React dev, my salary sucks +- I should look for a new job or negotiate a pay rise +- save and maybe buy someone commutable +- don’t bother with shared ownership. +I’m not going to lie to you, becoming a profitable trader will be one of the most difficult things you ever do. It will take a minimum of 4 years and 6 hours a day at the minimum of watching price and volume to accomplish this. You must use a professional platform - Sierra charts is one of the best. Learn order flow and auction market theory - if you master these and yourself you will be profitable. Pick one security (I trade the /Es contract) and watch it only for many years. Every security moves a specific way and no 2 securities move the same and over time you’ll develop a 6th sense for it. Record and review every trade you make and create concrete plays/pattern that you can refer to. Use Twitter for news and learning, this will increase your experience x10. Also, never pay for a trading plan or to join a group.Everything you need can be found online for free. Orderflow is king. + +I hope this reaches someone serious out there as I was once them and remember how difficult it was to find information. Please comment any questions/comments below. +I applied to get a credit card in many banks and got denied every single time for always the same reason: "no employment status", which is obvious if you retire. Why asking for wealth and revenue from dividends if they don't consider it? + +The only credit card I can get is through my private bank. It is not bad but they don't offer cashback or miles. My bank offered me the Amex Centurion Black, but the fees are ridiculously high. I used to have other credit cards with perks, but they were only valid before I moved abroad. + +How do you handle your credit card if you retired early and moved abroad? Are there any bank delivering cards with miles to people who fatFired? +Hello all, + +I have been wanting to make this post for awhile, but never sure where to post it. I see some career stuff posted here from time to time. Since this is an Australian sub-reddit, I feel it's more appropriate to post here. Sorry if it's not the right sub or post you are expecting here! I'm semi ranting, but also reflecting on my past few months that has been a rollercoaster of emotions. + +I started at a global property company a few years ago. I worked my ass off for them. I was the typical 'long hours badge of honour' servant, that would work obscene hours for people that pretended to care. I was a senior in the team and would train and guide people. I would take on training for 4 new people whilst maintaining my responsibilities. I absolutely loved training and helping the team. I knew the system and processes inside out. + +Our managers and boss were great at pretending to be good people. They would offer us time-in-lieu, but never give it when we needed it. They would offer us to finish work early, yet give us ridiculous tasks to complete with stupid deadlines. We were short a person after they managed out a colleague of mine, and the rest of team suffered with more work and they refused to hire another person. + +They would also externally hire senior staff than internally promote very capable people. I voiced this was terrible for team morale but it fell on deaf ears. Of course. + +Despite this, I was fucked in the head, and loved work and working. Even though I was tired, burnt out, I would still grind it out and I wanted a promotion. + +I was told that I would be promoted; that if someone left, they would promote me in a heartbeat! I was so excited. But I could not wait for someone to leave to be promoted. + +A few months passed and I was headhunted and offered an attractive salary + great career opportunity. I took it, since I felt that it was not fair to myself, or anyone else, to wait. I handed in my resignation and did regret it. Keep in mind, I was super comfortable here. + +A week after my resignation, a manager resigned. That timing absolutely killed me. We also had a new starter (Person X), which I was scheduled to train before I finished up. + +I felt it was now or never, ask if they would give me that managerial role, and I would fuck this place off so fast. The call I had was like having a conversation with a child. My manager said (about person X), "I'm hiring someone that can do more work than you, better than you, with more experience than you. Why would I give you this promotion?". Uh, because you said you would. + +I got a kick in the guts really. Being compared to someone that had not even put 1 second into working here. + +I respected her opinion and I took that and finished off the call. At least I asked. + +I start my new job, and people in my old team are dropping like flies and no one is getting the support they need. They offer me my old job back but with a $8k increase. I said I wanted more, and the managerial role. They said no, and these were their reasons: + +1. I'm emotionally immature for discussing stresses at work with the juniors. +Am I meant to make them feel alone? It is a stressful job. We aren't talking about it to externals. We have a right to discuss these things and vent. Yes, it's healthy in my opinion. +2. I'm emotionally immature for calling out when our client sent us tasks that I deemed to be 'unproductive' and 'inefficient'. +Yes, because they were, and time consuming. And I knew that in the system, it could be automated, but they wanted this done manually to fuck us for fun. +3. I already left once, what if I wanted to leave again for more money? +Treat us properly, listen to us, pay us properly from the beginning and I wouldn't need to. + +After all of this, they gave person X the managerial job. This person didn't know the processes or system and has no managerial experience. I was gutted obviously and I also hated my new job with a passion. That is another story that isn't worth mentioning. I moved after 1 month and I'm earning more and in a better place overall. + +The lessons I learnt: + +1. Always have your own back at work and NEVER expect or trust that your company has some growth or plan for you. No, you have your plans for yourself and you stick to YOUR agenda. As soon as you don't suit their plan, you are out. Treat them the same. +2. Corporate people hide under the guise of being professional. They're all psychos and maniacs, that manipulate and are the childish and emotional ones that will use it against you if they see a sign of weakness. Don't trust them. Keep your cards close to you, and if you want to speak your mind, say it well and calmly. +3. There is a job out there but doesn't require you to sell your soul to do well. Don't work 8am - 9pm. Seriously. I'm still burnt out from my time at my old place. When you finish at 5pm, log off, go for a walk, go watch TV, go be with your family and enjoy your life. That computer screen will slowly eat you alive and they don't give a shit about it. +4. Have your own boundaries. Never enter a job thinking you need them. They need you too. This is giving me r/antiwork vibes, but I can't stress this enough. +5. Don't get comfortable if you can help it. + +TL;DR: Worked at a toxic workplace that didn't know how to properly treat their employees. Moved and now earning more and working less. Don't trust people at work. Have your own back. Friendly but not friends. +I feel like this sub has turned into a speculation hub for real estate. I'm sure that mortgages and real estate comes into play with personal finance, but this has gotten to a ridiculous level. + +Whether you are in the homeowner group or not. +I have personally waited many years for a house price drop, but it never came true. +If there truly is a market "crash" as some of you may say, all those who were waiting to buy "the dip" are the exact reason why the market is kept afloat. + +I'm sure we will see "corrections" like in any market, +As of course there are home owners who are taking extravagant risky loans with only a small deposits. +But how long do you wait until the market goes down ? By the time there is a correction, in the time you wasted, prices would have gone up by a lot. +Borrowing costs and mortgage costs are up 30%, interest rates starting going up 6 months ago, cost of living is up 10-20%. Lurking in this sub last year informed me that there was a huge glut of building supply and a lot of people were borrowing everything the bank was offering and lying to get there. + +I understand it will take time to see 30-40% declines but how is it that so many suburbs are still going up? Not just 1-3% but more than 7% over 3 months. I would not have expected this at all. + +Full disclosure, the embeded data ripped from a courier mail article but I only put the data frame link here which avoids giving that trashrag clicks. + +https://infogram.com/ned-7326-house-prices-australia-1h7z2l8q3dd3g6o + +15 suburbs are down more than 20% over 3 months which is to be expected but 12 suburbs are also up more than 20% + +Eyeballing the table, about 1/3 property suburb sectors are not even down 1% + +Looking at a smaller slice of the data. + +https://infogram.com/ned-7326-house-prices-qld-1h8n6m3qxgpyz4x + +11 suburb sectors are down more than 15% over 3 months, again expected but 6 suburbs are also up more than 15%. + +Again, eyeballing the table, about 1/3 suburb sectors are not even down 1%. I understand that some suburbs can have much lower volumes than others but at this stage, shouldn't the ratio of declining suburbs to increasing suburbs be closer to 1:8 or more rather than 1:2 or less? There are also more properties worth more than 1mil near the top of the growth list compared to the declining list which is surprising to me now that the max everyone can stretch themselves should be 30% less. + +Anyone know why this is happening? Anyone on the ground in these suburbs that are still "growing" who can shed some light on why? + +Edit: For this replying to this saying I'm expecting "all" or "every" or "uniform" movement, that is not the case (maybe my title made it seem that way). I had not expected. I was definitely expected less than 1 sector to be up for every 4 sector that is down, not 2. +Recently revisited this article, I'd been wondering what was causing the markets to ignore dire unemployment stats rising. Turns out, it's probably from Passive funds. + +https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2019-09-04/michael-burry-explains-why-index-funds-are-like-subprime-cdos + +Just to clarify, I'm not smart enough to argue his points. I just think he makes some sense +http://seekingalpha.com/news/3166973-tesla-filing-notes-immaterial-172m-error-supercharger-valuation + +I mean, it won't really matter considering half the people invested in Tesla don't care about such silly things as "valuation" and "book value". + +Disclaimer: I'm short Tesla. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Their trading volume has been consistently way higher than ETH (polo) and I don't understand why so many people appear to be supporting these two cryptos which appear to be massively centralized (e.g. creators hold like 80% supply) and have a MUCH weaker value proposition than ETH. + +All these huge gains by so many altcoins makes me a little insecure about the gains that ETH has achieved. I thought the rise was on the merit of ETH, but there appears to be so much stupid money flying around, maybe it's not. + +When will the money get smarter? Or have I just drank too much kool-aid :) +This is some huge news and is going to drive down the stock market Tomorrow + +I’m expecting to be seeing a lot of red tomorrow on the contingency of his health + +What do you guys expect tomorrow following this news and what now +WindSwap is **the world's first deflationary smart bridging token** and a seriously competitor (If not **the killer**) of Pancakeswap. +Devs and mods are the best I'ver seen so far spent, the team spent $71.000usd to get #1 on Poocoin,. We have a HUGE potential to get $1 base per coin and more (ATH $0.65 with only 5 days old and without any listing yet). + + +$WINDY STATS + +Price: $0.19421353 + +Market Cap = $4,051,169 + +Tax Rate: 2.5% + +Completed Cycles: 49 + +Burned: 4,140,640 + +Total $WINDY Supply: 20,859,360 + + +**WindSwap links** + +**Contract**: 0xd1587ee50e0333f0c4adcf261379a61b1486c5d2 +**Buy on Pancakeswap :** [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) +**Price Chart**: [https://goswapp-bsc.web.app/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://goswapp-bsc.web.app/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) + +**Liquidity Locked:** [https://unicrypt.network/amm/pancake/pair/0xb6EC86562E0cd125b4a1586036b6f13D47Fd09B6](https://unicrypt.network/amm/pancake/pair/0xb6EC86562E0cd125b4a1586036b6f13D47Fd09B6) + +**Litepaper:** [https://windswap.finance/whitepaper/litepaper.pdf](https://windswap.finance/whitepaper/litepaper.pdf) + +**Telegram:** [https://t.me/windswapmembers](https://t.me/windswapmembers) +**Website:** [**https://windswap.finance/**](https://windswap.finance/) + + +\-Coingecko apply done +\-CMC apply done +\-Full audit by TechRate +\-Listing on Whitebit (soon) +\-Listing on Binance (soon) +DEX sneakpeak in Reddit and Telegram, go watch him ! +Hello everyone, + +I just landed two days ago, I am financing my own studies so trying to be careful with my spending + +At the moment, what seems to consume most is basically food and transportation + +Any tips ? + + +EDIT: Thank you all for all the advice provided! This gives a place to start +Hi, + +I'm fairly well off, but I've made it a point to try and live frugally without it really impacting my lifestyle too much. I don't save on food, I eat out regularly, I have drinks and have fun. But I live by a few simple rules that help me maximise savings where possible. + +You've probably seen many of these before, but I'll share hem regardless. I hope it helps: + +**[EDIT]** reworded a few things to be more accurate + +**[EDIT 2]** seems like this thread is taking off a bit and the haters and trolls are out for blood. In no way is this list supposed to be 'a blueprint to saving cash'. It's a list of things that happen to work for *me* in *my situation*. E.g. I don't have a car and am debt free. Take from the list what you think may be useful to you in your situation and discard what you don't. + +**[EDIT 3]** it seems like #13 is rubbing people the wrong way. I am in no way advocating you go out and blackmail restaurants out of free food. I'm just encouraging you to stand up to businesses who provide sub par service and get your money's worth. Now *shoo* get off your high horse. + +1. Payday? Transfer 25% to a savings / investment account. Live off the rest. +2. Use a cashback credit card, but only use it when there's no surcharge (see 14) +3. Use loyalty programs EVERYWHERE. +4. Go grocery shopping with a full stomach to avoid impulse purchases +5. Don't buy mineral water; tap water will do fine (your mileage may vary depending on where you live) +6. Sell what you don't use, eBay is your friend +7. Use public transport off-peak if at all possible +8. Drink from a glass, not from the bottle (also good for portion control) +9. Brand clothing is bullshit; a dark pair of jeans and a plain properly fitting tee will do just fine +10. Do you like to smoke and you can't / don't want to quit? VAPE instead +11. Cold? Wear a sweater. Still cold? Wear a thicker sweater. Still cold? Maybe turn on the heater a bit. +12. Compare insurance. This is huge; you have no idea what you can get just by asking. A simple "competitor X is running promotion Y if I switch, what can you do for me?" can do wonders. +13. Unhappy with a restaurant / experience? Complain, and if they don't respond well, go public on their Facebook page. If you formulate your complaint constructively, you may just get something for free. Use photo evidence where possible. **Edit:** no I don't want you to go out and scam restaurants. For god sake people get of your high horses and learn to interpret. I'm just telling people to stand up against businesses that provide sub par service. +14. **SURCHARGES AND BOOKING FEES ARE CANCER.** Avoid avoid avoid. Switch payment methods if it helps you avoid them. Have cash at hand as well at all times. Online booking fee? Fuck it, call. +15. Dry clothes on a line outside. Only use the dryer when it's raining or extremely humid. Bonus benefit: your clothes will last a bit longer. +16. Re-use stuff. For example, grocery bags as rubbish bags. Paper for note taking. +17. LIGHTS OFF. Very elementary, so easy to forget. +~~18. COMPUTER OFF. Not 'sleep' or any of that bullshit. OFF. **Note /edit**: some say that the spin up from an old hard drive may actually increase your power usage. YOu may want to do a bit of digging, but I'm using an SSD drive without moving parts so in my case this works.~~ +*Note: looks like some savvy co-redditors have disproven this as being not very effective. Thanks for the heads up!* +19. Compare utilities (gas, electricity, phone, internet). See 12. +20. If something's half price, buy at least two. Use this to stock up on stuff like toothpaste, shower gel. +21. Don't be afraid to upgrade you phone plan to save. I ended up saving $30 a month by upgrading to a higher data allowance. + +Bonus for reading through my drivel: + +- If you get sick and need meds, always ask the pharmacist for a generic. Same stuff, just cheaper. + +Hope it helps. Feel free to add your own! +I got rehired at a job and started working as a RN on October 25. I was expecting my first paycheck to be direct deposited on November 12. Of course, being a new hire again, I can understand delays with first paychecks, but I was able to see on our employee portal that a pay stub was generated. There was no money in my account however. + +Once I investigated further it appears that they (payroll?) entered my checking account number incorrectly. It was off by one number, but thankfully not a real account, so the bank just reversed the transaction because it was clearly an error. + +I have been calling, emailing, (and honestly just annoying) in any way I can the HR department about this issue and even emailed my union rep for the hospital. It seems like every time I reach out to them a different person answers the phone and we get nowhere. + +So, as of now I still have not received my funds and have not received any solution or expected resolution and said paycheck is almost 2 weeks overdue and still in limbo. Luckily my significant other has been able to cover my expenses. But, + +1. Is there some sort of more serious action I can or should take? It seems insane to me that this could go on when most people have mortgages, bills, etc. It seems like negligence on their part, but I’m aware my emotions are involved, so I’m open to feedback if I am overreacting.. + +2. Is this just a SOL situation and I keep on waiting and calling and move on? + +TLDR: I’m 2 weeks overdue for my first paycheck due to a payroll error in entering my account number and want to know if there is more I can do that I’m not already +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +This was a painful read, but almost every trader I know has been through something like this, just not this extreme! + +I feel bad for the guy, I can imagine there will be hundreds of more stories like this as time goes on and volatility and margin trading in crypto does its job. + +Here is the story, link to OP is included at the bottom: + +>So, long story short, I started trading a year ago, been margin longing the whole run from 1k to 19k ( sometimes closing the top, sometimes closing too early or too late, but always making profit) + +>I turned 3 lowly btc which I had from playing poker (at the time 3k) into nearly 200 BTC which was almost 4 million at the top and would be 2 million at current prices. + +>I thought I was a trading genius, a god, whatever. Anyway, this is where the sadness starts. + +>After the dump from 19k to 11k I went long at the bottom, and kept adding to my position on the bounce to 12k 13k, 14k. Then, at the 16k dead cat, my position was a further 100 BTC in profit. Instead of closing then and having a total 300 BTC, I increased leverage and increased my position size. This entire position was liquadated on the drop back to 12k, because my entry had moved up so much. I lost 100 btc paper profit and nearly 50 BTC margin. I was devasted, and down to 150 BTC total. + +>After evaluating the situation, I came to the conclusion that the pump to 16k was a dead cat and that we are going lower. Therefore I shorted. At 12k. Added at 13k. Added at 14 and 15k. Got liquidated at the top at 17k. Another 50 BTC loss. Down to 100. + +>Think, ok we made a higher high at 17k, uptrend back on. Went long. Got liquidated at 13k. + +>50 BTC left. Devastated, unsure, no clue whats going on. Sat through the drop to 9k, when we bounced I thought it could be the bottom. Longed at 11500, panic closed 10500. When we went to 13k I was kicking myself for panic closing, went long at 12800. + +>Liquidated this morning for my last bitcoin. + +>3 BTC to 200, to 0 + +>At this time I am still in shock, the last few months Ive neglected relationships and school, and Ive been daydreaming about living the high life rich as fuck with my millions. + +>Now, I am nowhere. + +>Posting this so others dont gamble away life changing money. Dont want donations or tips not posting an address dont PM me. I never want to hear the word btc again because I want to forget + +https://www.reddit.com/r/BitcoinMarkets/comments/7s8umm/how_i_lost_nearly_200_btc_trading_this_past_month/ + + +**TLDR; Volume, MACD, and Short Availability are all extremely bullish for GME. HODL 🚀🚀🚀🚀.** + +Hang on to your bags, this puppy is going higher. The technicals all point BULLISH signals and signify GME is going much higher. + +**Case 1 : VOLUME** + +Look at the volume and price action for the last few weeks. Volume was actually decreasing from Feb 25 to Mar 3, and the price went UP, this is extremely bullish. Typically, if price stays flat or up on decreasing volume, this is bullish. + +Secondly, since Mar 3, we have seen increasing volume with higher prices. This is bullish. + +&#x200B; + +[Holy shit! ](https://preview.redd.it/40z53odskvl61.jpg?width=467&format=pjpg&auto=webp&s=28bacefabefab34d59ba5a2cf2a64b132afdc484) + + + +**Case 2 : MACD** + +MACD stands for Moving Average Convergence Divergence and essentially shows the relationship between two moving averages. The crossover occurred when Ryan Cohen tweeted his infamous McDonald's vanilla ice cream cone photo (coincidence?). MACD shows strong momentum and is pointing GME to higher prices. + +&#x200B; + +[Looks Bullish](https://preview.redd.it/s30997zukvl61.jpg?width=493&format=pjpg&auto=webp&s=e200ddb9c0a88284cce5c7c430806e4eff11222d) + +&#x200B; + + + +**Case 3 : AVAILABLE SHARES TO SHORT** + +From last Friday to today, the shares available to short have dropped a whopping 600,000 SHARES! Yet the price is up 35%+ today. This is extremely bullish, the shorts can't even drop the price given 600,000 shorted shares. Now keep in mind, this is counting the shares that are available to short, and does not include the millions of shares that are ALREADY shorted. If GME continues to climb higher, the short sellers may be margin called and forced to sell. + +&#x200B; + +[600,000 shorted! ](https://preview.redd.it/9aaem6vxkvl61.png?width=498&format=png&auto=webp&s=8c2e0447f1c71e3c441110abad4bc6cb712b2627) + +&#x200B; + + + +**Final Thoughts** + +There are a lot more tailwinds that can catalyze GME. This analysis doesn't even consider the possibility of another gamma squeeze or how many shares are now becoming ITM or "In The Money". This will require Market Makers to purchase additional GME shares if they don't have it in possession on exercise. + +This also doesn't consider the fundamental change in the company and how to properly revalue GameStop from a traditional brick and mortar to an e-commerce player. + +The technicals signify bullishness and you should continue HODL. Don't be scared with dips as long as the trend is your friend. **🚀🚀🚀🚀** +So I usually get right around 40 hours a week at my job, and every once in a while go over a few hours if needed. This past week my boss and his wife went out of town so I had little choice but to get overtime. He's trying to pay me cash for all hours that are overtime, which he tries to do with most everyone. I can't help but feel like I'm getting screwed out of some money. He says it will be roughly the same pay after taxes, but I am unsure. I am aware that this is tax evasion of some kind and morally wrong, and that there are serious consequences. He makes me feel like I'm being an asshole for saying no and that it's really no big deal... what should I do?? + +Edit: This post got a lot more attention than I anticipated. Thank you to everyone for the advice and additional commentary on the matter. I see that quite a few comments have been removed or deleted and it's going to take some time for me to sift through them all (I've been at work all day). Just so everyone knows, I did NOT take any money from him. I submitted my time card with the overtime on it and will be paid the right way. I've learned a lot from this thread and I hope that maybe a few other people will find it helpful as well. + +Edit 2: I shouldn't have used the word "morally" in the same sentence as "tax" lol. +I've seen countless posts talk about psychological strategies that hedgefunds deploy in order to gain an upper hand against retail when they're losing. + +Here we are 13 months later since the sneeze and we constantly fail to realize that divide and conquer is their best tool and it's absolutely worked countless times. We've lost so many strong apes who take time away from their personal lives to empower this community and what do they get in return after the initial internet points? + +They get singled out by bad actors, harassed constantly and this goes on and on while the mods sit idly by and do nothing to shop the community that they are taking it seriously. + +Why would anyone try and take the torch and put themselves in the limelight when it's going to happen to them. + +It's time for a wake up call and for everyone here to DO BETTER AND BE BETTER. + +Edit 1: everyone thinking this is solely missing the point that this goes well beyond one person and that's exactly why it continues to happen. One DD writer at a time and once they're gone you seem to forget what they contributed here. +Hey everyone, I'm stuck in bed sick today so I figured it'd be a great opportunity to try and learn more about FIRE and related topics. + +Specifically, I'd like to learn more about taxes as well as real estate investing. I recently started listening to the ChooseFI podcast, but I was wondering what other resources you found useful during your journey. Thanks! +Curious about those that have pulled the FIRE trigger with kids- how old were you, how much did you Fire with, and how has your balance performed over the time since? + +My investments are around 3 million - 100% stocks/index funds. About 300k in mortgage debt. I’m 38 with three kids (9-12) and my plan has been to have 3M in investments, and we can live off 100k/year. I’m in tech and can do some freelance work to bring in income if needed. I could keep working a few years and probably bring in another 500k (not including investment growth), but I’d like to FIRE now haha. + +Just curious if anyone else has been in a similar situation, and wondering how it panned out. Honestly my biggest concern is health insurance, but I think that’s just a big wildcard at this point. + +Cheers +I recently signed up for the TD Ameritrade Securities Lending Program to see if the additional tax headaches made the extra income from lending my shares worthwhile. + +Looking into the program, I got a bit nervous by the fact that my lent shares lose SIPC coverage. That is to say, if the counter-party (TD Ameritrade) defaults, then I may lose the bulk of my lifetime of savings and investments. + +So I started looking further into exactly what kind of coverage I have and recalled that some years ago I called and inquired about the coverages I have, and I'm now realizing that my journey to FatFIRE I might've exceeded the coverages of my primary brokerage. + +For example, they had stated the following in their secure reply to my inquiry: + +> SIPC protects each client's brokerage account for deficits of securities and cash held in their brokerage account at an insolvent broker by replacing missing securities and cash up to $500,000 per client, including $100,000 for claims for cash. + +Most of us here are likely well past those limits, and in fact I was already well past them when I inquired with TD Ameritrade 5+ years ago. + +I was relieved when I saw that they had additional insurance coverage that more than covered my accounts. + +> TD Ameritrade also provides up to $149.5 million of additional securities protection per client, of which $900,000 may be applied to cash, through London insurers, limited to a combined return to any client from a Trustee, SIPC and London insurers of $150 million. There is a $250 million aggregate coverage limit for the firm. This coverage provides you with protection against brokerage insolvency and does not protect against loss in market value of the securities. + +However I overlooked a small detail: **There is a $250 million aggregate coverage limit for the firm.** + +That is to say, these London Insurers will only pay out up to $250MM should the firm file bankruptcy. + +I checked TD Ameritrade's AUM and they're at $1.32 Trillion. + +So if I'm reading that right, if TD Ameritrade pulls a Lehman-type implosion, I'd be looking at a very paltry payout that exceeds the SIPC protection... which I already lose when I participate in the Securities Lending Program. EDIT: I need to follow-up with TD Ameritrade to see if their aggregate coverage limits have been increased. + +I understand Lehman-type events are rare, but where I live so are hurricanes... but lenders still require hurricane insurance to get a mortgage here in HI. + +And their additional insurance coverage seems woefully inadequate, though I ought to contact them again to see if they've raised their aggregate coverage. Still... I'm certain they had well beyond $250MM AUM when I inquired with them. + +I hate to split up my investments due to the headache of tracking multiple accounts, but given the market is currently in turmoil-- and it was during somewhat similar market turmoil that Lehman defaulted-- I'm thinking of transferring some shares to several different brokerages to at least get closer to the SIPC coverage limits. + +Am I missing something here? A bit crazy perhaps, but I really cannot stomach the idea that my journey to FatFIRE could be derailed forever should my primary brokerage fail. + +Aside: +* Does anyone do securities lending for a bit of extra income? +* Have you been happy with the results? +* Any concerns about loss of SIPC coverage? +* Wells Fargo (literally, bar none, the worst bank I've ever dealt with) is the custodian for collateral pledged by TD Ameritrade, and there's this little doozy hidden in the terms "The Custodian has no duty to compel TD Ameritrade to deliver additional amounts of Collateral in the event of a shortfall in the required amount." Well... that's also a bit concerning. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +1. What was the atmosphere like? +2. What were the indicators or signs before it happened? +3. How were you positioned? And how did you react? + +edit: 4) Looking back, What would have been the ideal play? That 10-50X +Seems some disappointment may already be priced in based on drop from last earnings cycle and recent exchange rate and economic warnings, but if there are missed estimates and/or bad guidance, it could be another leg down. How are you playing it? I mean maybe several will beat estimates? +So I want to start a wheel on TSLA. Not monday, but at some point within the next couple weeks. Ive read some folks say they have the goal of getting assigned and some say avoid it. And I know the principle of the wheel is to sell a cash secured put, if you get assigned you sell a covered call above your cost basis. Rinse and repeat. + +My question is, if you were to open a wheel on TSLA on monday, what put strike would you select and why. And if you got assigned, what call strike would you select and why? Just curious how different ppl run a wheel. Thanks +Hi, so I am selling calls on a stock I bought in June (XOM), but has gone against me and now down about 20% on stock price so I am selling calls like crazy to lower my cost basis and have been doing very good along w/ collecting dividend payouts - I have read to sell calls at 30 delta, 30-45DTE and buy back at 50% max profit, then repeat.... I just want to get back to even and then sell the stock completely. Can anyone help w/ advice on how they would continue managing this position and when they would roll if it gets challenged or goes ITM? +I own stock in a number of companies but also mostly do theta gang strategies, and I was thinking this morning, why shouldn't I close out all of my stock positions and then sell puts for the same amount I'm currently invested? I think it's a little safer. + +For example, on PLTR, I have about $17,500 in stock, if I sold all of that, then sold 4/30 $24 puts for $2.49, that gives me $1800 for 17,500 collateral, that would either guarantee a 10% return over the next 45 days, or I get to lower my total cost basis. The only issue is if PLTR goes to $40 by then I obviously miss out on a lot of upside. + +Does anyone only sell puts and sell calls or do most people hold stocks also? +If you are a recovering WSB degenerate say "I" in the. comments. + +Title sums it up but I think theta gang strats are ideal on SPACs. I just sold a 2/19 CSP on CCIV, if I get assigned, I will be happy as this is closer to NAV and there is a chance, depending on the target that this moons past $40. Unlike other underlyings, SPACs have a natural floor, which is the NAV. The more seasoned members here can explain to me why an underlying would ever trade below NAV pre-merger but I have never seen this happen. + +If I get assigned, I plan on selling way OTM covered calls (around $40), if get assigned on those that is a solid profit, albeit I will owe some taxes, comes with territory IMO. Most SPACs usually dip post-merger as people take profits at which point if I love the target, I will buy back in and hold. Where is the flaw in the thinking above? What are the risks I am not factoring in? + +Keep Theta gang great mods. Thanks! +Gave notice a few weeks ago, last day is next week. Leaving $100k+/yr engineering job after 13 years. Substantial cash flow from RE portfolio plus good dividend income on savings. Planning to ramp up RE (a bit - nothing crazy) and hopefully raise a family. Finally found the right partner, let's do this! +Gave notice a few weeks ago, last day is next week. Leaving $100k+/yr engineering job after 13 years. Substantial cash flow from RE portfolio plus good dividend income on savings. Planning to ramp up RE (a bit - nothing crazy) and hopefully raise a family. Finally found the right partner, let's do this! +Gave notice a few weeks ago, last day is next week. Leaving $100k+/yr engineering job after 13 years. Substantial cash flow from RE portfolio plus good dividend income on savings. Planning to ramp up RE (a bit - nothing crazy) and hopefully raise a family. Finally found the right partner, let's do this! +Hi all, + +I don't know where else to post this, but could use some advice. I'm in mid-30s with about 7-8M assets (from company sale). Dream was to work a few more years and then just do passion projects, not have to worry about money. + +My uncle's son (in early 40's, has kids) has come down with a medical condition that has worsened. They're living overseas in developing country medical system (in international city). Other doctors in our family think he will die soon, the doctors in his hospital also agree and are asking to transfer him to the US if we can afford it. We are looking into this and got quoted for a top hospital in US -- $4M for treatment, and they want $3M now before we can transport the patient. We are going to get 2 more quotes from other places today. + +My uncle said he can wire 1M and will take time to liquidate other assets (he has wealth from family business). My dad was thinking to front 1M and I was thinking to do the remaining 1M with the trust that my uncle will pay us back. + +There is no guarantee this will work. + +It's a really shitty situation...my uncle feels like he's being held for ransom. The treatment is a last-ditch effort to save his life. Regardless of how you look at it, it's a lot of money and I don't know if they'd keep asking for more. + +Anything I need to consider? I'm going to get a lawyer today to make sure any contract we have with a hospital ensures the money gets returned if not used (he dies). He may also pass overseas or in transport... + +Doing this may delay my FI 3-4 years or make it less fat, which isn't a huge price for me to pay. Paying more may hurt though if there are ongoing expenses. How can I set a limit and be able to rest easy? Sorry if the post is jumbled...a lot going through my head. Appreciate any input... +Hey, Reddit. I wanted to turn to you because I feel a bit lost and don’t have people in similar situations in my life that I can turn to. + +I’m in my early 30s living in a VHCOL on the west coast. Years ago, I set an FI target of around $3MM with a path to hitting it somewhere in my 40s. I’m someone that’s fairly frugal and loves to travel with some luxuries here and there, but nothing crazy, and wants to live in a major urban center (SF, LA, NY, etc.), and figured \~$100k a year would be absolutely fine for that. + +I’ve done really well in my career the past few years, and my compensation has gone up to match — I’m an L7 at a FAANG who cleared $1.4MM last year (expected to make slightly less this year with market fluctuations). I’ve hit my target far earlier than expected. + +From the outside in, it looks like I’ve hit the jackpot - I’m making far more than I ever thought I would in my life, I’ve hit my FI target, and I work at a job that most people would probably take in a heartbeat. + +But I feel anything but that. + +I really don’t enjoy my job anymore and feel intuitively that I should be doing something else entirely, but I have no idea where to start. This makes it so that I continue to stay in this job - because inertia and $$$ - gritting my teeth “while I try to figure it out,” which makes me feel more and more at my wits end. I feel like I’m stuck in a loop. And, I struggle immensely with this because I feel alone and don’t have anyone to talk to about this that can relate. + +I’m struggling with a whole lot: + +* Should I just try to grit it out for a few more years to have more of a budget longer term? +* How much is too much? +* What concrete steps can I take to figure out what’s next? Even if I were to RE, I feel completely lost with what I’d do. + +Would just appreciate any words of wisdom (either related to the above questions or more general advice) from the collective community here. Thanks for reading. +Guten Morgen to this global band of Apes! 👋🦍 + +OPEC is pushing back against the dollar, which seems likely to set the stage for a massive clash with the Fed. +While there is no way to know how they'll respond, it seems like any possible action is likely to worsen the state of world's economies. +I love that *this* is the subreddit where I can come to learn all about it, and I thank all of you for helping to make the DD what it is. + +Of course, GME continues to have dry-as-a-desert volume. +I'm quite certain that the last month's total volume is a record low. +Nobody is selling, even when the market is bleeding all around. +DRSing shares has clearly had a massive impact, and I cannot wait to see what numbers we reach when the quarter ends this month. + +Today is Thursday, October 6th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$26.65 / 26,88 €** *(volume: 386)* +- 🟥 115 minutes in: $26.66 / 26,89 € *(volume: 386)* +- 🟥 110 minutes in: $26.72 / 26,95 € *(volume: 386)* +- 🟥 105 minutes in: $26.74 / 26,97 € *(volume: 386)* +- 🟩 100 minutes in: $26.81 / 27,04 € *(volume: 386)* +- ⬜ 95 minutes in: $26.81 / 27,04 € *(volume: 386)* +- 🟥 90 minutes in: $26.81 / 27,04 € *(volume: 386)* +- 🟩 85 minutes in: $26.87 / 27,10 € *(volume: 305)* +- 🟩 80 minutes in: $26.65 / 26,88 € *(volume: 265)* +- 🟥 75 minutes in: $26.60 / 26,82 € *(volume: 265)* +- 🟩 70 minutes in: $26.67 / 26,90 € *(volume: 265)* +- 🟩 65 minutes in: $26.51 / 26,74 € *(volume: 265)* +- 🟥 60 minutes in: $26.34 / 26,57 € *(volume: 265)* +- 🟥 55 minutes in: $26.37 / 26,59 € *(volume: 265)* +- 🟩 50 minutes in: $26.39 / 26,61 € *(volume: 230)* +- 🟩 45 minutes in: $26.38 / 26,61 € *(volume: 230)* +- 🟥 40 minutes in: $26.37 / 26,59 € *(volume: 230)* +- ⬜ 35 minutes in: $26.39 / 26,61 € *(volume: 230)* +- 🟥 30 minutes in: $26.39 / 26,61 € *(volume: 230)* +- 🟩 25 minutes in: $26.39 / 26,62 € *(volume: 230)* +- 🟥 20 minutes in: $26.36 / 26,58 € *(volume: 121)* +- 🟥 15 minutes in: $26.48 / 26,71 € *(volume: 101)* +- 🟩 10 minutes in: $26.49 / 26,72 € *(volume: 100)* +- 🟩 5 minutes in: $26.49 / 26,72 € *(volume: 60)* +- 🟩 0 minutes in: $26.42 / 26,64 € *(volume: 60)* +- 🟥 US close price: $26.39 / 26,62 € *($26.30 / 26,53 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9915. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +- DMC interim safety and efficacy review of Mino-Lok® Phase 3 Trial concluded with favorable recommendation to continue the trial as planned, with the protocol-defined sample size and power to achieve the primary endpoint - + + + + + +- Citius to proceed in conducting largest controlled clinical trial to salvage infected catheters with no modifications requested by the DMC and no safety concerns identified - + + + + +https://ir.citiuspharma.com/press-releases/detail/151/citius-pharmaceuticals-inc-announces-positive +Hi everyone, + +I’m a Canadian newbie investor on track to save $170K (working two jobs, in healthcare). Hoping to invest $170k Canadian now and $100k/year for next 2 years. Was going to just park it all in QYLD and SPY (70/30) and use the dividends to help me reduce the number of hours I need to work and perhaps travel in next 3 years, do you guys have an suggestions on this approach? + +I appreciate any and all feedback. Sorry I’m a complete noob to investing, just trying to reduce the numbers I need to work. +https://www.institutionalinvestor.com/article/b1msb3d2n4cy6h/Investors-Are-Clinging-to-an-Outdated-Strategy-At-the-Worst-Possible-Time?s=09 + +“While I was at CalPERS, concerns arose in 2016 about the effectiveness of standard portfolio diversification as prescribed by Modern Portfolio Theory. We began to recognize that management of portfolio risk and equity tail risk, in particular, was the key driver of long-term compound returns. Subsequently, we began to explore alternatives to standard diversification, including tail-risk hedging. At present, the need to rethink basic portfolio construction and risk mitigation is even greater — as rising hope in Modern Monetary Theory to support financial markets is possibly misplaced......” + +A good read about why bonds might no longer be used for what they were intended for historically in portfolio construction. +Hoping someone can advise as I've never been in this situation before and realise I'm woefully unprepared information wise. + +I don't want to be an arse about it, but I'm going to have to leave the person I've been married to for 20 years as, because of some things they have done, I can't live with them any more, however I need information about how this works, and as I say, I don't want to be an arse. + +The business that they run with their parent (who owns it) only gives them an income of £200pw. I pay the on paper bills- mortgage, phone, internet, big bills, repairs, holidays etc etc, they pay for the daily things such as food, clothing etc. Mortgage is usually £350pm but currently £500 per month because of a loan taken out for repairs on the house, regular bills usually amount to another £350 per month. + +I figure that I would probably have to carry on paying the joint mortgage and bills because they couldn't afford it on their income, until such time as everything is sorted out, but at the same time, I don't earn a fortune - £1800 pm after tax. + + I'm looking at rented places and the rents are so high compared to mortgage payments that I don't know what to do. + + I don't know if I can get a mortgage on my own account- but then I would have two mortgages- is that allowed? + + How does it work folks? How do you leave someone that you've been married to for 20 years when your financial lives are absolutely intertwined? Who should I be talking with, what should I be doing? Reconciliation with the person I'm married to is unlikely - at best I hope for some distance from them so that I can get over the sudden shock that I received from them yesterday and move on with some integrity. + +Thank you very much in advance, and apologies for the throwaway account- I hope you understand and don't mind me reaching out to the community. +I love to see young poor people breaking into the silver spoon asshole trading club, making a quick buck and sticking it to the man. It must drive them crazy watching their little secret club be infiltrated by the plebs. +Is there a specific reason. Just looking at the potential mortgages hikes when I come off my fix in 1.5 years. Most of the US would be shielded at these hikes. +It just strange to me that many CEOs and millionaires are so worried about our financial investment when it comes to GME. + +&#x200B; + +Some of these CEOs are the reason that my groceries bills went up by 11%+ even though the inflation has cooled down a bit and no more shipping /freight costs are back to the similar price before covid. + +&#x200B; + +We are just investing on GME. A single stock. A single company that barely has any debts and roughly $billon cash flow. Like why? Why shouldn't people invest on a healthy company like GME? + +Why are you (ceos) so worried about our poor people's investments? + +Why? +We had spent roughly $60k a year and planned on FIRE once $1.5M was saved in investable assets. + +I started a side business to expedite our FI date. It's been a lot more work that I've anticipated but I finally found the entrepreneurial fulfillment I didn't know I was looking for. This is an e-com business and due to the holiday season, for the first time ever I made more money in a month from my side-business than from my 9-5 job. I understand things will slow as the business is seasonal. + +But this got me thinking...should I just quit now? I found my passion but if I take the leap there is a risk of not hitting our FI number...but if I'm able to spend my time on passion, maybe that doesn't matter anymore? + +**-Questions?** + +I was hoping to find passion in my day-job but it hasn't happened yet. I like the people I work with but the work isn't clicking with me. Still, its not necessarily hard/stressful work and it seems like a big leap to walk away from a $120k/year fixed income. + +Still, if I quit, I'll have more freedom to live the life I want to live to focus on myself, my family, and my business. But my business is very vulnerable in a recession…it's discretionary products I sell. + +If I leave the $120k/year job, could we live off of my wife's income without having to start drawdown? Or what is safe withdrawal rate we have to do to ensure our portfolio still grows over time? + +Is it worth dropping the high-pay job and put FI in jeopardy? The original goal was to his the 1.5M first (3-5 years on current pay) and THEN run my business basically risk free....But I dread going into the office and attending meetings when I could be doing more fulfilling things with my time. + +What would you do in my situation? What's the risk, what the reward? Curious to hear the community's thoughts and opinions. Thanks! + +**Age / Industry / Location** + +31/Tech/DC + +**-General goals** + +Looking to RE before FI to pursue passionate work sooner. + +**-Target FIRE Age / Amount / Withdrawal Rate** + +FI: 35/ $1.5 M / <3% +RE: 45/ $3M / <4% + +**-Educational background and plans** + +Bachelors. No further plans for traditional education. Constantly learning online. + +**-Career situation and plans** + +I don't find fulfillment with my work. Started a side business that I enjoy and would like to work on full time before FI. + +**-Current and future income breakdown, including one-time events** + +* My job: $120k/year + bonus + benefits +* My side business: $60k net profit expected in 2019 +* Wife: $100k/year + bonus ( we currently don't use her benefits) +* Current Savings: 70%+ of income +* Each max out 401ks +* Each max out Roth IRAs +* Max out HSA +* Max out after-tax 401k for mega backdoor +* Save the rest in cash / brokerage account + +**-Budget breakdown** + +**-Asset breakdown, including home, cars, etc.** + +Family Net Worth: $954,000 + +* Investments: $609,000 +* Cash: $200,000 +* Property: $380,000 (Mostly from our home, some gold, includes car value) + +**-Debt breakdown** + +* $235,000 (Mortgage) + +**-Health concerns** + +* Some chronic conditions but mostly under control. 1-3 annual doctor visits. + +**-Family: current situation / future plans / special needs / elderly parents** + +* One child - healthy. No plans for other children +* All parents relatively healthy. One side FI. Other side of parents in debt. +Bcash is trying to make us adopt the "bitcoin core" moniker which is a tacit surrender of the "bitcoin" name. + +It's a strategic play to lessen the authority of bitcoin by putting it on the same level as the also-ran alts who adopted the bitcoin xxxx naming convention. + +bitcoin is bitcoin. + +edit: Well, that escalated quickly, I learnt some new stuff (great community) & thanks for the gold kind stranger! Remember, perception is reality. +Hi, +Sorry for the long post but I’m 6 months pregnant with my first child. I have a great full time job where I make 52,000 a year salary. However, I am not in contact with the baby’s father and it would be dangerous to have him in her life due to his lifestyle and I am not going to be receiving child support. My parents are unable to have me stay with them once the baby comes and I am looking at apartments for my child and I. I have no idea who to talk to or how to get help because I make too much money to receive ANY assistance but I make 3k a month after taxes and have 1k already a month in bills for health insurance, car and car insurance, credit cards, student loans, and cell phone. Any decent apartment is like 1400 a month minimum, leaving me with 600 a month left for diapers, child care, food, her health insurance, utilities, basic necessities for my daughter and I. There’s no way I can afford that. Child care everywhere I’m looking is a minimum of 200 a week. 800 a month. I’m already 200 over my budget at this point. I’m desperately trying to stabilize some kind of environment before my baby comes and I don’t know where to go. I’ve reached out to multiple (I’m in Maryland) government agencies, single mom support groups, sold a bunch of my personal items and gotten rid of necessary expenses, but I just don’t know where else to look next. Any advice would be appreciated. Thanks +I’m setting aside about 35% of my monthly salary for +- Investing (Index funds) +- Retirement (401k and Roth IRA) +- Savings Account + +My question is, how should I allocate my money among these three? +My spouse and I are getting ready to sell our home, and we expect to net $100k after the sale. We will eventually purchase a new/used vehicle ($25k) and some remodeling in our new home ($30k). + +We have retirement accounts and several money market accounts, of which one is tied to our checking account. Is it ok to keep $100k in a savings account and write checks off as needed, or is there a better place to keep the funds in the interim? + +Likely won't use any funds for the truck or house until a year from now. Thanks. +* **German company may announce it is severing ties on Tuesday** +* **Adidas has been under pressure after antisemitic remarks by Ye** +* **Adidas would join Gap Inc. and Kering SA’s Balenciaga fashion label in cutting ties with West, who now goes by Ye** +* **Adidas shares, already weighed down by the controversy, fell as much as 3.2% in Frankfurt trading, reaching the lowest since April 2016.** +* **Yeezy line accounted for as much as 8% of Adidas's total sales** +* **For Adidas, was “one of the most successful collaborations in our industry’s history.”** + +Adidas AG plans to end its partnership with Kanye West following a rash of offensive behavior from the rapper and designer that turned a once-thriving shoe brand into a lightning rod for criticism. + +The German sports company may announce the move as early as Tuesday, according to people familiar with the matter, who asked not to be identified because discussions are private. A representative for Adidas didn’t immediately respond to requests for comment. + +**Adidas would join Gap Inc. and Kering SA’s Balenciaga fashion label in cutting ties with West, who now goes by Ye**. The rapper has made controversial statements, including antisemitic social media posts in recent weeks, and has moved to cut ties with his corporate partners. Ye couldn’t immediately be reached for comment. + +**Adidas shares, already weighed down by the controversy, fell as much as 3.2% in Frankfurt trading, reaching the lowest since April 2016.** + +**The Adidas decision follows weeks of deliberations inside the company, which over the past decade has built the Yeezy line -- together with Ye -- into a brand that’s accounted for as much as 8% of Adidas’s total sales**, according to several estimates from Wall Street analysts. + +The German company is of the view that it owns the intellectual property rights to the products from the collaboration and could continue producing the models, one of the people said. + +**Adidas earlier this month called the partnership “one of the most successful collaborations in our industry’s history”** and said it will continue co-managing Yeezy products during its review. + +That success, however, has come with plenty of acrimony between the partners. Ye has accused Adidas of copying his ideas and mismanaging the brand, and taunted outgoing Chief Executive Officer Kasper Rorsted on social media. Meanwhile, Adidas has said it’s repeatedly tried and failed to resolve issues with Ye privately. + +Read more: Kanye West Renounces Corporate Deals After JPMorgan, Gap Clashes + +The rapper said in September he wants to negotiate with Adidas to get a 20% royalty on all the shoes he’s designed with the company in perpetuity. + +Ye caused more controversy after that by wearing a shirt at the Paris fashion week that said “White Lives Matter.” He later got locked out of his Twitter and Instagram accounts after making repeated anti-Semitic remarks -- remarks that have created a growing backlash of consumers and celebrities, with some calling for people to boycott Adidas products until the partnership is canceled. + +The Ye situation is one of many headaches for Adidas, which is searching for a new CEO to take over in 2023. The company has lowered its earnings forecast several times this year amid falling demand for its shoes and apparel in China and growing signs of economic trouble in Europe and North America. + +Source: [https://www.bloomberg.com/news/articles/2022-10-25/adidas-is-said-to-end-kanye-west-partnership-after-controversies](https://www.bloomberg.com/news/articles/2022-10-25/adidas-is-said-to-end-kanye-west-partnership-after-controversies) +Im looking for new investments. +Looking for something that is preferebly not low volume, so something like $50k+ daily volume, and hasnt fallen more than 50% since november. I'm currently getting a good passive income from $HORDE, and looking to invest this money in good projects, shill me something +https://www.tradingview.com/symbols/spread/TVC%3AUS10Y-TVC%3AUS03MY/ + +This means we do not have a full signal of 10 days fully inverted, which is considered by most an indicator for an upcoming recession. We only had 5 days of inversion this time. + +Hence the bull party can go on... or what do you think? +I'm looking for a good, modern, book about investing. I'm already decently knowledgeable about the "ideas" of investing(ETF, margins, short sell, CDs, Mutual Fund). My dad used to trade and taught me a bit. But, I don't have "real world" knowledge... I've never purchased a stock. Looking for a good, complex book... not looking for a "investing 101" book necessarily... looking for something that will help increase my knowledge a lot, and get into some intricacies. + +&#x200B; + +Considering the markets have changed so much in the last few decades, I'd prefer something written relatively recently. +Hi, this is my 2nd property, and I am screening prospective tenants. I had said small pets welcomed. + +However, this person has an 50 lbs dog which they are calling as Emotional Support Animals. + +What should I ask for? Im sure you guys have received applicants with such clauses or claims. + +I am afraid they will tear up the place and make the whole place a stinking mess. + + +What are your thoughts? How have your dealt this? +Hey everyone and happy Friday. I’m going to share with you where I’m at in my investing journey and why I am on pause right now. I’ve been frustrated by how hard it is to find deals... and then suddenly I am drowning in them. I’m a 25 year old single guy and I learn best by doing... so here I am. + +I’ve flipped a few houses now and currently have three deals pending. + +1. 1115 sq ft 2/1 ranch. Adding a second story for a 1614 sq ft 3/2.5 house with a nursery/library. It’s an $80k renovation but should net a $35-50k profit. + +2. Fix and flip. 1720sq ft needs $27,500 in roof, drywall, water damage fix, and paint, finishes. Easily the smallest job to date. I found this the day I closed on deal 1, 2 blocks away, and was too good to pass up. Much quicker flip time and will be $30k profit minimum + +3. $10k commercial wholesale deal. I tried to buy it but couldn’t obtain financing. My buyers are doing due diligence right now. + + +My first project is completely demos, Windows are in, and the garage is done. The roof is tarped and sealed, so nothing else can get damaged. I scraped together the cash to do the roof on the second, and it’s now waterproofed, but that’s it. + +When I purchased the second one, I did it knowing it was a huge risk. I’m using a terrible FACO credit line which gives me the money for renovations, but only after they are complete. I’m out of float money. On May 20th I began my refinance process on my personal house for $60k in float money, and I am on my third lender and still have not completed it. I now have a lender willing to play ball, and it’ll be a few weeks yet. + +I refuse to have anyone do work I cannot pay for, so I put everyone on pause last week. It sucks, and I hate making those calls, but my Project managers and my contractors appreciated it, and they are able to keep busy in the off time. + +I’m sharing this for two reasons: + +A. Real estate is really fucking hard, and it will test you. +B. I’m an aggressive person who goes after everything with zest, and I’m humbled right now. I hate being in the position I am. Half of me is posting this hoping some stranger will tell me I’m doing the right thing lol. + + +I’ll be moving again in two weeks max, and I’m hoping to double my deals every year. I’m at five this year... so next year should be harder! +Pretty much exactly what the title says. In the past 9 months she has had to cancel 2 cards and just found out yesterday she will need to cancel a 3rd. Each time it seems like she will get a weird charge from either an Uber, doordash, or Walmart and with the exception of Walmart she never uses Uber or door dash. Each time she has filed a fraud charge with the card company and received her money back and also had them issue her a new card. Does anyone know how this keeps happening or what steps we can take to prevent it from happening again? +As adoption increases, we’re bringing more idiots, children, and failed comedians into the space. + +Where I used to find information, discussion, intellectual and constructive criticism, I now see a flood of “Can you believe the number 69 is in the price of BTC?! Next stop 69,420!” or “69,420.69 the magic number!” + +Yes, marijuana is good. Yes, sex is good. We all know it. You’re not contributing anything by referencing them. + +The intelligence and maturity in this sub, and nearly every other crypto sub I’m subscribed to, has become completely diluted. + +All this, during a time where we’re pushing for adoption. We’re trying to be taken seriously. We’re wanting to bring new investors into the space. We’re wanting to see real use of crypto/blockchain technology. + +And here you all are acting like a bunch of children, laughing at the mention of “genitalia” in biology class. + +It’s fucking embarrassing. +I've been searching for UK focused economics research and have had a rather difficult time, are there any reputableand specific journals that focus on publishing articles relating to the UK specifically? +I'm curious as to what some of the side-effects of equity purchases by the Fed would do to the U.S economy and stock market. I have read quite a bit about the Bank of Japan purchasing equities and wonder how it would differ in the U.S? +I see that real rates of interest in developing countries like India are higher than US and Canada. For example real rate of interest is around 5% in India compared to around 2% in US and around 0.1% in Canada (Worldbank website). Which means after accounting for inflation, you should have more money in your pocket if you deposit your savings in India. If that is true, why isnt everyone in US and Canada putting their money in India? Have I missed something? Is there a catch? +Hi! So I'm interested in the topics of regional or spatial econ, but just haven't find any forum or anyone I can talk to about this. I kinda started off on a journey being an econ researcher, so haven't made any relevant acquaintance and would prefer casual discussion on the topic (preferably online, because COVID). + +Does anyone actively working on the field of regional/spatial econ or is there an actual forum (or probably subreddit) specific for this topic? + +Thanks! +Hello all, I [was watching a Business Insider video](https://www.youtube.com/watch?v=LVVO8b4vvis&t=1086s) going into the obscenely high prices or the San Francisco housing market and it got me thinking as to what are the key contributing factors leading to the horrible costs of living in the city. + +While it seems pretty clear that San Francisco would have a high demand for housing (great weather, tons of culture, high paying job sectors, etc.), it also talks over a lot of the regulatory burden in housing in the city (environmental regulation, abundance of tenant rights, zoning laws, building codes, etc.). + +From my (likely misguided/incomplete) understanding, the housing market is fairly competitive (abundance of qualified workers for construction, firms making only a small profit on average, rent control, etc.), so to me it seems like if construction companies, realtors, and renters were able to operate with less government oversight than the cost of housing would drop quite a lot. However, I don't want my bias to minimal government regulation to make me overreach in my assumptions, as I know that there is a very high demand and surely other reasons as to why housing in the city may be high. + +If anyone who has studied such matters has any knowledge that would help correct anything I have misunderstood through ignorance and bias please let me know as these are the kinds of issues I do care about and want to make sure anything I would be in favor of would help the problem rather than just add to the list of ignorant voices discussing it. +Hey folks. So, in chapter 8 of Charles I Jones and Dietrich Vollrath's textbook "Introduction to Economic Growth", they authors spend most of the chapter explaining how all of economic history can be seen through the lens of population growth and technological innovation. They say that innovation is the "engine of growth" but that population size and growth is the long run determinant of innovation itself. + +They argue that we escaped a Malthusian lifestyle because, over time, small innovations allowed us to increase our population in the long run, but not our per capita incomes. Over time, however, our populations got large enough that all the additional people being around led to enough of an increase in the rate of innovation (due to there being more minds thinking and larger markets due to the larger population) to break out of the Malthusian cycle and increase per capita incomes. + +This story makes a lot of sense on the surface, but I have a few questions about it. + +1. Near the end of the chapter, the authors state that England's advantage in comparative economic development (and hence why the industrial revolution started there rather than anywhere else) was actually that it had a *low* rate of population growth rather than a high rate. How does this make sense in their model, when they just spent 20 pages telling me the opposite should be true? + +2. If population is the primary driver of innovation, shouldn't the industrial revolution have happened in China or India? Why is per capita income in India so low relative to France if population drives innovation and innovation drives growth? Surely population is not all of the story, or perhaps not even the primary driver at all + +Thanks for reading! +The whole inflation thing finally clicked. I panicked and entered almost at ATH of 69k. Feelsbad. +Went down the rabbit hole, hours of research. Fiat, Inflation, USD is the real shitcoin etc. +Bought some more at 46k which did help lower avg price but am still nervous. +Remember hearing about Btc when it was 7k and thinking "its going to go way higher"...If only I had acted back then. + +Edit: +Woah you guys are amazing! Thank you so much for the support. Especially the ppl who bought at 2017 ATH. Mad respect for you folks! +VERY curious to know for those of us who have achieved the mortgage-free **holy grail**, how did you do it and when? + +Hopefully some nuggets of wisdom to help others on their journey! +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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One thing that both books make very apparent is the toothlessness of Moody's, S&P, et al in rating the CDOs which caused such havoc. Specifically, it was a common practice for the big firms to package the triple B tranche of mortgage bonds into a CDO, which the ratings agencies would rate as triple A on the basis that it was diversified enough. Much of the market accepted the triple A on these and acted accordingly, thus creating the crazy exposure that blew up. + +The ratings agencies appear to have encountered two major difficulties: 1) being commercial entities incentivized them to push through as many of the deals as they could without rocking the boat too much; the focus was on quantity (they charge a fee per certification), not quality; a ratings staffer is quoted in the Lewis book as complaining that she wasn't allowed to give B or triple B ratings to as many of the deals as she would have liked to; 2) the complexity of the financial instruments was challenging for the quality of staff they could afford to pay; the ratings agencies pay high 5 figure salaries compared to the 7 figure salaries of their bond trading brethren at the Wall Street firms, thus creating a brain drain, and thus stacking the deck against the agencies. + +So, what's the answer? + +a) Should a federal agency push the private companies aside and rate all deals instead? (The "quality of staff" problem might remain; also, seems politically infeasible.) + +b) Should a federal agency perform random sampling of the ratings by the agencies, and have the power to decertify a given agency? (This would leave it up to the agencies to deal with their staffing problem by, I suppose, raising their prices to Wall Street. It would create a feedback loop, allowing the feds to find holes in the models used by the agencies, and to perform deep analysis on given deals to check if the risk has been properly analyzed.) + +c) Should the agencies be marginally on the hook for triple A rated deals that go bad? Perhaps as balance they could receive a marginal short on triple B rated deals; possibly this would give them enough revenue to lower or eliminate their fees altogether. That would incentivize them to rate appropriately, and also maybe prevent the Wall Street firms from disingenuously sending disguised toxic assets for rating. + +d) Other? +I think gold is falling to the nuclear trampoline people ! + +I would start with determining what is a sensible floor price for gold + +The average all in mining costs for gold globally are $987 an ounce in 2020 (source [spglobal.com](https://spglobal.com/)) + +Widely talked about, there was a Big Print of new money and more debt in 2020, with a 2nd mass stimulus on the way. The Mises Institute reported a record setting 38.6% year over year money supply growth (source [mises.org](https://mises.org/)) as of January 2021. Quite inflationary when one considers this supply growth is normally -0.5 to +2%. + +But now we have a second stimulus, with no Mises report yet on what happens 6 months from now with this $1.9 Tril. I will take a shot at it assuming that money is also not coming from a budgeted tax base. + +The M2 money supply is now $19395 billion (source [tradingeconomics.com](https://tradingeconomics.com/)). $1.9 Tril is 1900 bil. + +1.386 x ( 1900 + 19395) / 19395 = 1.5218 + +So this is a double stimulus giant 52.2% increase in money supply in a short time (year plus some weeks). Stimulus has been done before but never to this scale. + +This would redefine gold to be fundamentally higher across people's value systems. You know the old "you can't print more gold" saying. Absorbing this factor into mining costs to be higher, at $987 x 1.522 = $1,502 an ounce + +This I would argue is the absolute justifiable floor for gold going forward. + +Track gold with symbol GC00 (number zeros, not capital letter O's) is about $1700 an ounce as of 3/6/21. + +So we are 1700/1502 = 1.132 so only 13% above this floor + +Contrast with silver, which has all in cost of $12.8 an ounce in 2020. Silver at kitco is $25.22 3/6/21, so using the same logic 25.22 / (12.8 x 1.522) = 1.29 or 29% above this floor. + +In Feb 2020 we were right before the Big Print(s) and gold was trading at $1650 an ounce. If the same "I want it" vs "I don't want it" balance returns, this would set gold to + +$1650 x 1.522 = $2,511 an ounce + +After a big stimulus, gold has historically decoupled from bond effects for a while, going higher. See 2009 to 2010 history. + +Back to now. Indeed gold shot to $2000 an ounce ish after the first stimulus by August 2020. + +Oil is priced higher again, clearly an upward push on inflation as well. + +I am not a total precious metals fan across the board. Palladium is used primarily for the catalytic convertors of gasoline powered cars, and so with the rise of EVs that metal doesn't have a future with me personally. + +But look at what gold is used for. 78% of gold is used in jewelry (source [goldprice.com](https://goldprice.com/)). COVID-19 has put barriers in front of young people of marriage age forming relationships. According to [greenvillebusinessmag.com](https://greenvillebusinessmag.com/), 63% of couples have delayed their weddings. A lot of times you shop for the ring first before you plan the wedding, but that is the USA practice. The issue is global. The main point is the delay in relationship formation is a force ahead in time of gold ring buying (or any jewelry for that matter). + +So in summary you have a case for a $2,511 price due to record stimulus alone and are adding a huge backlog to the demand onto that. There are people out there saying "Gold is safety, and I don't need safety right now". Understood. However, you take the fact that gold is down in price and the tendency to break from the hold of bond's influence just after a stimulus and I would argue that you have a hell of a setup for gold to go up from this point ! + +Thanks for reading ! +So I’ve move houses 5 or 6 times since and every move a credit card offer arrives in the mail with her name and my address printed on the offer. I think her name must be tied to my credit report or something but I don’t know where or who to go to to split her name off of me. Anyone have an idea? +This is a really absurd situation. In January, I received a letter from the Co-Operative Bank stating I had missed two payments on my career development loan (which I took out to pay for an MA degree) over the last 4 years and that if I didn't redress the balance, my loan would be transferred to a debt collector. I have no real memory of missing payments, but looking at the dates, they clearly happened just after I left university and was unemployed. So naturally I phoned the Co-Operative Bank immediately and paid off the £400. This was processed quickly, with no issues, and for the past 7 months I have been paying my usual amount off each month. In November I will make my final payment, completing the five year repayment plan. + + &nbsp; + +Fast forward to two days ago. I checked my account and discovered £800 had been had been paid off my loan, bringing it from -£350 to £450 in credit. Initially I thought the bank had incorrectly charged me at some point and this was a reimbursement or something. However, when I phoned to inquire I was told the loan had been passed onto a debt collector. Dumbfounded, I explained the situation. Half an hour later, I was told that nobody on any team could figure out why this had happened, and that it was clearly an accident. As it stands, I am being told that there is no way to reverse this. I phoned again tonight, and a manager left me a note saying that doing this was their right. + + &nbsp; + +Am I wrong to think something about this is fucked up? What should I do next? +I swear, losing money on a bad investment or rugpull *really* sucks, and obviously sometimes people lose everything. But there is absolutely NOTHING worse than seeing a coin you just sold or didn’t buy into go 100x - and seeing all the gains you missed out on. + + +You'll probably even forget about a bad investment or losing money, but you will NEVER forget not hopping into a 10,000x coin and for the rest of your days regret it. + + +YEARS LATER, you’ll still watch that damn coin, *hoping it finally tanks to make the pain stop.* I missed out on both MATIC and Loopring and will take it to my grave. + + +Anyone else experience this? What is it about our bad brains that does this to us? Why lord didn’t invest in ETH at $200? +I brought up this topic to the mods ahead of time because I feel like it's a subject that needs more attention. + +Mental illness and financial problems can go hand in hand. It doesn't seem like an uncommon problem to me, although I think most people keep quiet about it. + +If you are suffering from a mental illness, it can bring on financial problems. You might be an impulsive shopper. Maybe it causes problems at work or prevents you from working, which lowers your income. Something such as a drug or alcohol problem can consume a lot of money. Maybe a loved one of yours has a mental illness and they have affected you financially by putting you in debt, depending on you for care and resources, or hurting your credit. Even if you are managing your mental illness, you still have to pay for therapy and medication and that can be very expensive. + +There is also a higher percentage of people with mental illness among the homeless population, compared to the population at large. It is much harder to find stable housing/jobs and keep it if you cannot also find treatment for your mental illness. + +It seems like financial problems can bring on issues such as depression and anxiety. I have seen it a lot in this subreddit lately and you can kind of hear it in the tone of someone's plea for advice. + +In regards to some of my own personal experiences, I myself have suffered from PTSD, ADHD, and depression. Luckily the two times I was hospitalized I was still under my parent's insurance. I know the ambulance bill alone was $500, which was more than one paycheck of mine at the time. I know it has happened to me several times where I didn't have the money for something I needed and I ended up having an anxiety attack. I met one lady in a hospital that had bipolar disorder, and she was in at least tens of thousands of dollars in debt from trying to get help for her issues. I also have a friend of mine that is in her late 20s and has not succeeded in life like she had planned to. Lately she has been depressed and not very social, and it seems like the seasons changing is affecting her too. Maybe some of you out there can relate to these stories. + +I want to bring up this subject and let people share their experiences here. If anyone knows of any resources, please share them! + +Also, do you know of any inexpensive/free ways to cope with your mental illness or when you feel anxious/depressed? + +I am on mobile so forgive me for not writing a more scholarly post. But I did find a few articles that were interesting and I will link them below. + +https://www.hcs.harvard.edu/~hcht/blog/homelessness-and-mental-health-facts + +https://www.moneyandmentalhealth.org/money-and-mental-health-facts/ + +http://costsofcare.org/stigma-is-only-part-of-the-mental-health-price-tag +# Here are some clarifying info broken out into bullet points: + +* **Limit Order price per share** + * This value is still limited to $214,748.3647 (unchanged) + * As the name suggests, this is the maximum dollar amount that you can sell **a single share** for + * Even if you try selling a fraction of a single share, the **limit order price per share** is still limited to the above number (selling 1/2 a share would yield you $214,748.3647 divided by 2). There is no getting around this. +* **Cap on web orders** + * This is the total amount that a single web order can be. It is calculated as: +***cap = \[limit order price per share\] x \[number of shares\]*** + * This cap cannot exceed $9,999,999.00 + * Say you set your ***limit sell price per share*** to the max ($214,748.3647) then at most you can sell \~46.57 shares in one web order (because these two values multiplied together gets you to $9,999,999.00 + * Basically, however you play around with the two variables in the above formula, you won't be able to exceed $9,999,999.00 for the ***cap*** +* In summary, there are two things you gotta look out for: + * In no scenario may the **price per share** for a **limit order** exceed $214,748.3647 + * In no scenario may the total amount of an entire **limit order** (price per share \* # of shares) exceed $9,999,999.00... for now (this seems more trivial for ComputerShare to change and doesn't seem limited like the **price per share** is) + +Got it? \*sips champagne\* Now fuck off. + +# Side note: why is the limit order price per share limited to this mysterious value of $214,748.3647? + +This is more computer science-related stuff. Their system is very clearly built on a 32-bit architecture. They are storing this value (***limit order price per share***) into a datatype called a **signed integer**. This datatype, if it exists on a 32-bit platform, can store a maximum value of 2,147,483,647. + +How did we get this number? Because a **signed integer** on a 32-bit platform uses 31 of its 32 bits for the value, and the final 1 of its 32 bits to tell you the sign (positive or negative). So at most the number can be: + +***2******^(31)*** ***- 1 =*** ***2,147,483,647*** + +Why the minus 1? Because in computer science, you start counting from 0 as opposed to 1. So it's 0 thru 2,147,483,647 instead of 1 thru 2,147,483,648. + +This number is obviously being utilized by ComputerShare as the price per share down to a ***hundredths of a cent***. This is the level of precision that ComputerShare chose when storing their ***limit sell price per share***. In computer science, you can't store a decimal into the datatype **signed integer**, only whole numbers. So instead they take this value that represents hundredths of a cent and multiply it by 10,000 after retrieving it from the database to denote what it equals in dollars. + +What is the point of explaining this? To show you how deeply embedded this value of 2,147,483,647 is in their system architecture. It would take a massive system overhaul to somehow change this limit to something higher. So give them a break. It seems it was much easier for them to change the cap on web orders because it seems to, either, have been stored from the get-go as a different datatype (such as a floating point) OR the precision for this value only goes down to single dollars as opposed to hundredths of a cent. +I just watched the movie Don't look Up and I think the movie is a accurate description of how legitimately retarded people are in the world! But not ALL humans are retarded but this is the struggle we are now currently dealing with! People who look at facts and say "that's not true because the t.v box didn't say so" us apes need to fix the world!!!!! I'm excited for the squeeze !!!! + + + Edit: this movie has 2 after credit scenes just like Marvel. Did you see the both of them? + +Edit 2: I should've added this from the start but there are possible spoilers in the comments so beware! +Sup cunce, A2M share price has been hammered upon releasing their revised guidance estimating a reduction in revenue from $720+m down to $650m, reduction of FY21 revenue to $1.2bn and earnings reduced from 31% to 26-29% for FY21 based on covid assumptions not being met (specifically the recovery of the daigou channels). + +They went on to state that growth remained positive in Australia and the US. + +Share price immediately opened 25% lower on the NZX and the ASX and we could see it drop as low as $8 if this continues. + +According to my DCF analysis, for growth of 25% they have a intrinsic share price of $14 which suggests the share price is significantly undervalued now. Anybody else buying the dip? +Apologies for the shit phone formatting. +Sup cunce, A2M share price has been hammered upon releasing their revised guidance estimating a reduction in revenue from $720+m down to $650m, reduction of FY21 revenue to $1.2bn and earnings reduced from 31% to 26-29% for FY21 based on covid assumptions not being met (specifically the recovery of the daigou channels). + +They went on to state that growth remained positive in Australia and the US. + +Share price immediately opened 25% lower on the NZX and the ASX and we could see it drop as low as $8 if this continues. + +According to my DCF analysis, for growth of 25% they have a intrinsic share price of $14 which suggests the share price is significantly undervalued now. Anybody else buying the dip? +Apologies for the shit phone formatting. +*Edit: Awesome stuff here guys, really appreciate the outpouring of advice and suggestions. Even the shitty ones. + +I **will** get a receipt for everything. I promise. Okay? Oh and I am in the process of getting clarificiation and details from my bosses, and I feel much better doing so after getting the basic info from you all. + +Chicago sounds awesome. I'm gonna improv some ketchup on a hotdog on top of a shiny Bean thing, after I deep dish the shit out of something something Wrigley's field. Can't wait. Thanks again for all the help* + + +I know I should be asking my bosses, but I'm just trying not to come off as too inexperienced. But I have a ton of stupid questions, so I have come to reddit for answers. + +Background +Hourly Employee, Pittsburgh area. Company offered to fly me to Chicago. + +Questions: +1- Do I get Paid? Do I get paid for travel time? +2- They are making flight arrangements, but I guess the hotel arrangements are up to me. Whats a reasonable price to pay per night? Should I book in advance? +3- Do I take taxis? I've never rode in a taxi. Do I Uber? +4- They said they can either provide me with an advance or I could pay for things like hotels, food, taxi's on a credit card and then submit an expense report for reimbursement. Is one better than the other? +5- What do I do in a strange city at night by myself? I am not a social person, but I refuse to stay in a hotel room the whole time. + +I’ve been fortunate, and want to support my 4 siblings and parents. + +They are each in different financial situations. I’d like to give each of them between $100k-$200k so they can start investing, move to a better school district etc. + +What’s the most tax advantaged way to do this? There’s a $15k limit on cash. Can you buy them a house/car or fund 529 plans for their kids to give more than the $15k per year? + +They are all hardworking, responsible people. The goal is to provide some financial cushion and let them choose the best way to allocate the extra capital. + +*edit - I’m single, they are married +It may sound shocking now, but in 2010 it was reality. + +The creator of website **“freebitcoins.appspot.com”** where user could collect free Bitcoins is Gavin Andresen. The website is not working anymore. Each of users received 5 Bitcoins per day just by solving captcha. The purpose of this game was to promote cryptocurrencies and Bitcoin itself. Looks like the purpose got fullfilled. + +[This is how the default page of the faucet looked like.](https://imgur.com/gallery/HvnAZ2k) + +To fuel the first faucet, Andresen loaded it with 1,100 BTC of his own. After these were given away, the faucet was reloaded, with early bitcoin miners and whales also donating coins. + +Andresen said that: “Bitcoins are a new kind of money, and that they aren’t created or controlled by a government like USD or EUR, they’re created and controlled by anybody who wants to be part of the Bitcoin payment network.” + +This faucet managed to give away to people 19,700 Bitcoins which is now worth $1,171,852,530. + +[Here is the Andresens original post about the faucet that he posted in June 11, 2010](https://bitcointalk.org/index.php?topic=183.0). I highly recommend you to read it. To imagine that someone gave him back 50 BTCs just because he felt bad for getting 5 for free is ridiculous now. + +I thought it would be great idea to share this nice piece of history. + +Have a nice day ! +My parent has money in a taxable account as well as an IRA they are forced to take minimum distributions on. They know they will be leaving me some of this money, and we have been discussing how to make the most of it. + +Our planning has mainly been centered around getting this after-tax money into Roth accounts so we can unlock the power of untaxed growth. This makes the most sense as my current marginal rate is the lowest it will be in my career, and we assume taxes will rise in the future. We already add $6k to my Roth IRA annually. + +My new company offers a Roth 401k which at face value seems like an attractive way to more quickly convert more of these funds to tax-free growth. + +Does this plan make sense? + +* Open a Roth 401k with my new company +* Max it out with the new limit of $20,500 this year + + * This will require me withholding about 40% of salary, which I have verified my new company allows. +* Each month, parent deposits the difference between the 40% contribution and the 5% I was already contributing to get the company match. This ensures my take-home pay remains consistent. +* When I leave the job in the future, I can convert the Roth 401k to a Roth IRA. + + * Essentially allowing me to convert 6k + 20.5k = 26.5k a year of taxable funds to a tax-free Roth IRA account. + +Is there anything I'm missing? Any concerns I should have? Has anyone done this before? + +Thanks guys and Merry Christmas +I had/have a bad habit of spending money out of boredom. For example, I'll be on my break at work and want to go outside, but I can't just go outside and not "accomplish" something, so I will walk down to Starbucks and buy a $4 latte, (there is free coffee in the break room). Recently, whenever I get the urge to "boredom" spend I will open my bank app and just transfer whatever amount I thought I would likely spend into my savings account. +Last month I "boredom" saved $150 bucks I would have spent on unnecessary food and items! That's in addition to my regularly budgeted savings! +I had/have a bad habit of spending money out of boredom. For example, I'll be on my break at work and want to go outside, but I can't just go outside and not "accomplish" something, so I will walk down to Starbucks and buy a $4 latte, (there is free coffee in the break room). Recently, whenever I get the urge to "boredom" spend I will open my bank app and just transfer whatever amount I thought I would likely spend into my savings account. +Last month I "boredom" saved $150 bucks I would have spent on unnecessary food and items! That's in addition to my regularly budgeted savings! +I'm curious to know what everyone's journey has been like so far. Also, I'd love to hear what lessons you've learned along the way, what you were surprised about, and anything else regarding your fatFire journey! +So, according to this guy, [Al Brooks](https://www.brookstradingcourse.com/ask-al/swing-trader-return-how-much/), you should be able to make 2% a day as pro day trader: + +> I think as a general rule, a really good day trader will be making about 1% a day, maybe 2% a day. + +Consistent traders, do you agree? + +Edit: this subject always devolves into opposite opinions. Also when people ask about Al Brooks. + +Edit 2: I wonder about what's possible because [Qullamaggie says in his FAQs](https://qullamaggie.com/faq/) that you need high returns to make a lot of money starting with a small account. + +> What are my annual returns? + +> My CAGR 2013-2019 is 268%. This is the kind of returns you need every year with a small account to grow from a few thousand to tens of millions. + +Edit 3: for people that talk about compounding into billions, of course it doesn't make sense to think that is possible to infinitely compound your account because all markets are finite. Furthermore, you need to withdraw funds to pay taxes and to make a living. So please stop saying that because it's a terrible argument. Also, there are only about 220 trading days, not 365 (unless you are trading crypto). So my explanation here: + +"If my objective is to make 1% daily (on average) and my account is $1,000, I should be making $10 a day (on average and not taking into account compounding). + +Following the example, if my account was $10,000 I could be doing $100 a day; if my account was $100,000 I could be making $1,000 a day; if my account was $1,000,000 I could be making $10,000 a day; and so on and so forth. + +That's why percentages are useful: they adjust to your size. If I have a $1,000 account I'm not trying to make $1,000 for the day, I'm trying to make $10. + +Of course, I wouldn't expect to compound infinitely. Let's suppose that it's reasonable to make 1% a day on average until your account reaches $1,000,000. After that, maybe you shouldn't compound further because you can't trade effectively." + +So, of course there must be a limit to compounding depending on the instruments you trade. Al Brooks mainly trades ES and MES so that's a very big and liquid market. + +And my $1,000,000 is hypothetical, I don't know what could be the limit, it was just an example. + +Edit 4: Also the idea is making 1% or 2% every day ON AVERAGE. Of course you can't have positive results every day. + +Edit 5: thanks a lot for all of your comments. It's always great to read different perspectives. There's no clear conclusion or consensus, I'm afraid. + +I can't answer to everything because it would take forever but I've read every comment and will continue doing so. +It took us 12 years and a very supportive wife, but we finally hit our number. Here's where we're at: + +* Vanguard Taxable accounts: 1.3m (mostly VTI) +* Savings: 100k (1.75% interest, will be reducing this amount shortly) +* Retirement accounts: 260k (mostly VTI) +* Home: 720k (paid off, no mortgage) + +&#x200B; + +My wife will continue to work since she enjoys the community aspect of going into the office. It's also contract work, so she won't be devastated once the contract is up. Our biggest takeaway has really been saving more than half of our income. We maxed out our 401k, and then saved at least half of our base salaries, and 100% off all commissions and bonuses. + +&#x200B; + +We did make a few good decisions with real estate, including buying straight out of college near the school. This allowed us to live well below our means the first 5 years out of school. Many of our friends were still in grad school at the time so we could blend in with the crowd and not overspend. By the time we were tired of living there, we rented out the home and bought our second closer to work. This got us generating income from the rental while still heavily saving from our main jobs. Once we sold those two homes, the appreciation and gross rental income accounted for 300k. + +&#x200B; + +Company stock also played a big hand. I was able to ride it out with a tech startup and received a few payouts as investors changed hands. We still would have gotten there without this, just not as high of amounts/home value. It took a lot of grit to make it through those times and I'm glad to be off the ride. There's really not a way to make the demanding requirements without sacrificing other life categories, and for me it was family (we chose not to have kids until later in life), friends, and health. + +&#x200B; + +We eventually shifted away from real estate and into index funds which is where we're heavily invested. I realized that I'm not handy and didn't enjoy dealing with tenant complaints or with issues that arose. Once our investments started making more than one of our base salaries for two straight years, I knew we were ready to pull the trigger. + +&#x200B; + +Moving forward, my plan is to rest for the time being and eventually help other startups and help out others achieve FIRE. +Sorry for the topic, but traditional expat subreddits have not been helpful on this. + +In a few years I would like to permanently move to Northern Italy (I’m a dual citizen US/IT) and live off passive income. However, as an American holding standard index funds the taxes in Italy seem incredibly punitive, as all American funds are taxed at ordinary income (IRPEF) for dividend distributions and capital gains, plus regional and municipal taxes and wealth tax (IVAFE). + +For a back of the napkin calculation, on a $10M portfolio invested in VTI/VXUS throwing $200k of dividends a year, you’d be taxed $100k+ on it. I understand one gets free healthcare with the package, but it seems pretty steep. + +And clearly one cannot own European funds to be subject to the more favorable 26% taxation, otherwise the US is going to tax them harshly because of PFIC. + +I’m wondering if any folks here have been able to address this. Even recommendations of tax professionals familiar with the matter would be appreciated. + +Important note: I am aware there is a special retiree program that gives a 7% flat tax rate for 10 years for people who move to small municipalities in the South, but please trust that’s not what I want at all. I do not like the South as much as the North, and I prefer to live in larger municipalities (think Tuscany or Liguria). There is a reason why they give such incentive, those areas are not the best, generally speaking (poor infrastructure, poor healthcare, etc). + +Thanks +If I quit my job, I’d lose health insurance. I’m from the U.S. , so its pretty expensive here. And I’m not so sure about the quality of the social med care programs. What plans do you all have? Am I wrong about the social programs? Is anyone taking out independent health insurance? + + +EDIT: Has anyone looked into joining the military Reserves for their low cost health insurance? Once you retire from you day job, you can still be in the reserves to take advantage of their health care +Has anyone read Vanguard's February whitepaper on international investing? I noticed it seems to replace their [2012 study](https://personal.vanguard.com/pdf/icriecr.pdf). Similar text, new data. + +Here is the PDF: [Global equity investing: The benefits of diversification and sizing your allocation](https://www.vanguard.com/pdf/ISGGEB.pdf) (Feb 2019) + +It's fairly short, but if you don't feel like reading it, here's what I gleaned: + +* The U.S. represents 55.1% of the equity market, versus 44.9% for international, as of Sept. 2018. [Image](https://i.imgur.com/9C0RIpU.png). +* U.S. stocks have the lowest volatility of any country, but a **global market provides the lowest volatility**. [Image](https://i.imgur.com/xUGAI4a.png). +* Vanguard's data suggests **maximum volatility reduction was achieved with a 40-50% international allocation** (but why not just invest in a global market cap weighted index?). +* **Emerging markets should be market weighted, too**. They have delivered "higher average returns, albeit with higher volatility, than those of developed markets." However, individual EMs are uncorrelated, so the risk of investing in all of them is lower. +* **Currency exposure risks from international investing are minimal**, and in some cases, reduce volatility. +* **U.S. investors don't benefit as much from international as investors in other countries**. Vanguard's ten year, forward-looking model showed maximum volatility reduction in the U.S. at 4%, the UK at 9%, Canada at 11%, and Australia at 15% (roughly). [Image](https://i.imgur.com/9qudtX3.png). +* **Over-weighting U.S. or international stocks leads to sector overexposure and risk**. U.S. companies skew towards technology, biotech, and software, while other countries have more "old world" industries such as electrical equipment and automobiles (Vanguard's 2012 study). A global portfolio more accurately captures the market weight of all these industries. + +Vanguard also responds to the question if U.S. multinationals provide enough international exposure: + +>First, simply focusing on domestic companies means an investor has no stake in leading global companies that are domiciled outside their home market. Second, many firms seek to hedge away currency fluctuations of their foreign operations. Although this can help smooth revenue streams, foreign exchange can be a diversifier for an investor’s portfolio. Finally, a portfolio made up solely of domestic firms is likely to have less-diversified sector exposures than the global equity market portfolio. + +The report summarizes the benefits of global investing: + +>By including both broadly diversified U.S. and non-U.S. equities in a portfolio, the investor should obtain a return that falls between those of the U.S. market and those of the non-U.S. market. For example, in the mid-1980s and most of the 2000s, exposure to diversified non-U.S. equities would have allowed a U.S. investor to participate in the outperformance of those markets. On the other hand, exposure to U.S. equities for most of the 2010s would have benefited global investors domiciled outside the United States. + +My prediction: VTWAX will eventually replace VTSAX and VTIAX in all Vanguard target date funds. + +What do you think? +Hi all,  + +My first time potentially buying a property. Looking at buying a 2 unit Multi-family, and plan to live in the 1 bed unit and rent out the 3 bed. Currently, the one bed is vacant while the 3 bed is occupied. The tenant has been there 10+ years, is on a month to month lease, and paying $1450/month including utilities and garage parking. Market rent conservatively puts this at $2100 a month so they are well below market. What are my options?  + +Right now I believe my options would be to: + +* Put a vacancy contingency in contract/offer and then find a new tenant once it becomes mine +* Raise rent slowly up to market value (risk pissing off tenant right away, losing a stable 10 year tenant, etc) +* Raise rent right away to at or near market value (Definitely risk losing/pissing off tenant) +* Come to some agreement with tenant (repairs, parking, etc) + +Will the tenants being there for 10+ years mean anything in regards to squatters rights? Just a random thought I had. Any advice is welcome. Also, how much information can I ask listing agent about this scenario? Am I allowed to ask to see lease, why they are so low, questions like that before I have made offer? I have been pre approved for financing as well. + +Additonal info:  + +Property is listed for $525k. + +I have my real estate license, but have not done any deals besides 1 apartment lease (got it through work as a side/adjacent type gig. Main job is in Construction Management/Real Estate Development, and I am only 23 so apologies if this is a naive question) + +Vacant 1 bed is on Zillow for $1850 currently.  +Is there any way that I can appropriate majority of the rent proceeds to my wife’s account as she is a home maker and I can actually use her tax free allowance and I can save on a high rate of tax ? The property which I plan to let out is in both of our names. Any suggestions would be really helpful. +A few days ago, went to Arco and got gas. Paid inside because I wanted a snack. Arco only takes debit or cash. Used my debit. Noticed today that my bill for gas was a little higher than I thought it should be. Called the bank to inquire. Apparently 5 dollars cash back had been added to my transaction. Not sure how they added this on (I never get cash back), but calling ARCO corporate tomorrow. Went to ARCO today demanded a manager and they gave me 5 bucks immediately without looking at the tape. I now suspect they are regularly skimming their customers. Another reason it pays to watch your statements! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hi all, + +In final year of uni and secured a grad job. I will be earning £50k in my first year then receiving a £10-20k bonus in my second year there. Income could grow considerably and quickly. + +This leads me to ask the question: should I pay off my student loan balance as fast as possible? I've used the calculators and it's not making things any clearer I thought I'd get some opinions here. + +Also, I have about £6k cash sitting in account that I can use to reduce the balance now whilst in still in uni (so less interest accrues from now to when I start work). If I do this and if I'm super aggressive with early payments I could pay it all off in under a year of work... But does this financially make sense. + +Lastly, with all the QE over the last 18 months, the fact that interest rates of the loan are linked to RPI is kind of concerning. Am I right to be thinking this? + +Some info: + +* My student loan balance will roughly 38k when I finish uni. +* Plan 2 +* 60%+ chance that I will be working overseas in next few years. + +Thanks. +I am trying to understand why everyone is so conditioned to just move on from this sort of shit. I truly thought January 28th would have been the spark of a MASS movement in this world, but instead its chalked up as some BS manufactured by some people on reddit. + + +GME had 228% of its float shorted. 228%, so the entire float over two times over. General public let me ask you this, how is that possible? I am going to take a wild fucking guess and say naked short selling, WHICH IS ILLEGAL. IT IS ACTUALLY ILLEGAL for anyone to do this, but god damn those fucking reddit conspiracy theorists. General public, begging ya'll wake the fuck up and look behind the curtain man. +I can understand that money makes people become quite a bit more anxious than normal. But it seems that lately (The last two/three months or so) that any time someone has an issue with coinbase. The first thing they do is: + +1. Make a post to /r/Bitcoin. +2. Scream for visibility so coinbase will see it. +3. Cry foul about how they have been cheated out of money they earned. +4. Scream (again) how Coinbase is taking their profits. +5. Then maybe send in a support ticket. + +Please understand that this company is a start up that is trying to offer a service in a volatile market and is going through growth pains. We do not need a new Coinbase thread on this forum everyday. Send in a support ticket. If after a 2-5 days that doesn't get responded to maybe send in another support ticket and then **maybe** make a reddit post. + +I think people on this subreddit are too quick to scream foul on one of the most legitimate companies in the Bitcoin community (At least one of the most legitimate ones I've dealt with). You guys are unfairly giving this company a bad wrap. + +Just imagine the number of people opening up new accounts each day, the increase in buying and selling that people are doing and the amount of transactions they have to deal with. This isn't a bank, this is a small start up dealing with a ever growing number of customers and an exponentially rising amount of money. + +I read something that I would have to start with a USD 25k deposit. + +What else is a must for starters? + +Let's assume I can afford it but don't want to waste time and setup. + +Also, I do expect to be a net loser while learning the ropes. + +Edit: do I have to know the FIX protocol to code order management from my bot, or can I get away with some json etc? + +Edit2: for algo trading US stocks I must get an account at a broker who provides API access. Who do you know does that and how much would I need to deposit to get an account? Also, what are their fees in terms of mins and / or real-time data. +This really blows my mind. Pros for Disney: + +* It is now trading as if none of the growth of Disney+ happened at all. +* Omicron news is getting better all the time. +* Given weaker growth for Netflix, it might give Disney more room to catch up in content. + +Possible cons: + +* Maybe Netflix's failure is a sign that streaming is a tough business and if Netflix can't do it well, how could Disney? +* Eternals show us that it's not that easy to create hits. Marvel can't win every single time. +* There's some concerns regarding Disney's CEO. + +I already hold some Disney (bagholding at $170) so I don't think I'm going to buy more for now. But have sold a 30 day expiration put for $120 strike price. +I constantly see FB posts about (Australian) parents bragging about spending only $150 a week on groceries for their family or four or five or more. + +We budget $350 a week for our family of four (plus 2 dogs and 2 cats and a gold fish that won’t bloody die). I consistently go over that amount by $200 - 300 a fortnight. + +I don’t know if I should be annoyed, because that money could go into my savings account, or realise I’m being unrealistic about my budget. + +What is your actual grocery budget for your family? + +* I include food, cleaning supplies, pet food, etc in my grocery budget. +I work as a tech for local county government. I enjoy my job, schedule, and the people I work with. + +I got my masters degree last year in cyber security and had a friend of mine say I should put in at his work as a civilian on an Air Force base. I worked on a masters to take advantage of tuition reimbursement and further my education, more education is something I wouldn’t regret. + +I’ve always wanted to be a federal employee and have tried to apply in the past but could never land an interview, so I thought “what the hell, I’ll give it a shot.” However, I lucked out and received a tentative offer as a GS-13 with a 45% increase in pay. I’m shocked, having never received an offer this good before. + +I accepted but the background investigation will take a while before they send me a firm offer. So now I’m conflicted. Leave a place I love for a substantial amount more? + +If I stay where I’m at it will take 8-11 years to reach the pay offered to me...if I’m lucky. There’s also no chances for advancement, the job I’m in is entry level and I don’t utilize my masters degree. I’m 35 and this opportunity may not come up again. + +The environment I’m going in to isn’t as fun as where I’m at, but I have an opportunity to work with some pretty awesome tech. If I end up being miserable there are more chances to move around to different agencies in the federal sector. + +I’ve stayed with government because I like the stability and want a good pension/retirement. + +I’m posting this to see others views. Will federal government be stable, offer good retirement, and offer an enjoyable workplace? + +UPDATE: Thank you everyone for the responses, it’s overwhelming. Right now the decision is a no brainer, I’m definitely going to accept the firm offer once my clearance is complete. All the comments about the job I love now changing for the worse is possible...our director will be retiring in the next few years. As for the extra 45%, I will be maxing out a TSP and IRA and keep my lifestyle needs the same. I’m grateful for everyone’s responses, and am looking forward for this new opportunity and challenge. Thank you! +I've seen a lot of posts recently about people feeling worthless or like their savings aren't good enough. I've looked at my financial situation a lot since joining the sub. I'm in a lot better place than I was say 12months ago. Got myself a LISA, some stocks and shares, some other savings accounts etc. + +Previously, I used to only be content with about £500-1000 in reserve for emergencies. + +I've felt the same as a lot of people on here like "what's the point" and that reaching a target doesn't give off more joy/happiness. But looking again today I realised past me would've been really appreciative of the £10k I've managed to save so far. + +I'm thankful for this sub with its never ending advice. And thankful that I have saved some money up. It's not perfect and I still look at small spending goals to boost my feelings towards saving but I'm getting better. + +Hopefully next I'll look at my excel budget and get a bit more serious about my spending. + +Thanks all. +We recently refinanced our house - the interest rate is now a little under 2.4% and it is a 15 year fixed loan. Paying extra principal payments, I figure we can have this house paid off in about 6 years no problem. (We also have a 6 months emergency fund, no debt except the mortgage, retirement investments in good shape) + +However, my wife and I are talking about selling this house when our kids finish school (which is about 6 years from now). This is a 2-story and we both want a ranch (and a different neighborhood with more privacy). + +I'm about 15 years from retiring. I think I kind of know the answer to my question, but seeking advice from others. Should I continue on this road of making extra payments or put the extra money aside for the new home? (I'm thinking now it makes sense to save the extra money instead of paying off the house) + +A few things I'm considering as facts: + +* The housing market will eventually cool off. Can't predict when, but I believe we will see a drop in home demand again. I don't know what I will get out of this house when it sells. If the new home is cheaper, assuming I'll get less when I sell this one. Kind of a wash. +* Not sure what the new home will cost. I'm thinking it will be similar to the current home, perhaps a little less. We want a smaller home but we want more privacy. +* Having the money to put down on a new home instead of having it tied up in the sale of this home will be better when it comes to buying the new house. +* I'd like the new home to be paid off within a few years of purchasing it it. I don't want a mortgage when I'm retired. + +If the money goes into a savings account, I think a HYSA or maybe a CD would be my best bet. 6 years is not a lot of time for a riskier investment. Any thoughts here? + +Appreciate any feedback. +I just turned 20 and I’ve been investing in the FTSE 100 and the S&P 500 this year. it’s come to my attention that I must diversify more, to a global scale (this was advice from another subreddit). + +I’ve decided to begin investing in a global etf but there’s so many and all look very similar to a beginner like me. Not sure how to decide which one to go for. + +I don’t have a big budget to invest but it will be consistent each month and could increase when my pay increases. + +Any help would be really appreciated! +I get the feeling tech is going on the back burner and I'm trying to plot forward moves for 2021. I was hesitant to add etfs to my folio beyond have spy. +I'm 19 in the US and want to start saving for my future ASAP! Right now I'm a student working part time so I'm not making a ton of money. I will most likely be investing $150 a month until I get a full time job. I just opened a Roth IRA for retirement and a brokerage account on Fidelity for short term (5-10 year) investments for things like car and home needs. How should I split my investments between the two accounts? I will be putting a chunk of my monthly income into VOO on both accounts. Would 50/50 be a good idea? I am open to any advice!! If this also helps, in the future I will be a technology engineering teacher, which generally has good retirement plans including 401k and a pension- I will have no college debt (well, excluding grad school in the future) and should be making 40k-ish off the bat starting in 2025. Just not sure what percent and which accounts to stick my money in since I'm new! Thanks :) +I get the feeling tech is going on the back burner and I'm trying to plot forward moves for 2021. I was hesitant to add etfs to my folio beyond have spy. +I’m new to ETFs and consider this a great investment strategy long term. I just want to get a few opinions on the portfolio I plan to start. + +40% VGT +35% VTI +15% ARKK +10% QQQ + +Open to hear your thoughts on the % allocation and if I have too much overlap between each ETFs. + +Thanks in advance! +Hey guys I am considered a beginner when it comes to investing but I came across the ginger ale portfolio posted on optimizedportfolio and wanted to know your thoughts about it. + The current allocation is: + +Large cap 25% VOO +Small cap 25% AVUV +Developed markets 10% VEA +Developed markets ex us small cap value 10% AVDV +Emerging markets 10% VWO +Emerging markets small cap value 10% DGS +US treasury STRIPS 10% EDV + +Thank you guys in advance. +Hello r/etfs, Just have a quick question in regards to the logic behind how ETF's are managed + +lets talk about ARK ETF's for example + +Lets say over the span of a year, 10 billion dollars was invested into ARKK + +Now from my understanding, the fund manager (Cathie Wood in this case) would take that 10 billion dollars that everyone put into ARKK and she would just increase the amount of money in each of the holdings for the stock, correct? + +this would cause all of the individual stocks to go up not because of any good news for each individual stock but because Cathie is simply buying millions of those shares with the money she received from everyone buying ARKK (10 billion) + +now lets say everyone sells ARKK + +because of this, now lets say the total amount invested into ARKK goes from 10 billion to 9 billion (1 billion dollars of ARKK was sold). + +Does this mean that she would have to sell 1 billion dollars worth of stocks in ARKK? the percentage of each holding would be the same, just less volume for each? + +this causes ARKK to drop since people are selling ARKK but also each individual stock in the holding goes down too because Cathie had to sell 1 billion dollars worth of shares in ARKK + +is this how ETF management works? just something ive been curious about, thanks for any advice i can get!! +I heared that only a few big ETFs actually buy real stocks. Most allegedly just "copy" the price of the index. If that is the case, are ETFs just numbers on a screen and i do NOT own fractions of real stocks when i buy an ETF? + +Forgive me for the noob question. Thanks guys! +Hey everyone. So I am super late getting into the game of investing. And I have a lot of work to do in a relatively short period of time. I'd like to retire in about 10 years, and have not been one of those that has been fortunate enough to have 401Ks throughout my career. So I only have about $90k in my retirement account. I'm at a 60/40 split between Traditional/Roth. + +I've seen a lot of recommendations in this group and I look at them all. But I also think that some of these funds might be more targeted toward young(er) investors? + +My focus right now is to get these funds out of the mutual funds they currently are in that I picked because I had no idea what I was doing (SWEGX/SWHGX) and put them into some ETFs that will hopefully see some pretty aggressive growth. I do own a few shares of SCHD (which I purchased based on recommendations from this group) in my investment account (separate from my retirement account) as well as some other dividend stocks. I know a lot of people recommend VOO, VTI, QQQ, etc, but I get sticker shock with the share price. I just keep thinking "how much higher can this possibly go?" + +Any ideas for me? I'm only 2 1/2 years into investing, so still kind of a noob! +I'm wondering why get SCHD and QQQ if VTI includes all those stock. Is it because of historicall QQQ and SCHD have done better? From a diversification perspective I don't understand the advantage here +Hello, I’m new to investing and would like to invest in QQQ among others. I can see that it’s currently at a high, should I buy or wait? Note I intend to make recurrent investments as part of a more passive strategy. +I am 29M, with good income job. looking to invest for 20+ years long. + +I prefer to invest in IT sector, and also to have safe and steady growth investment (I don't like high risks investments) + +Can you please rate the following portfolio + +VOO...40% + +VGT....40% + +BND....20% + +Thanks! + +Edit: I am not US citizen (I live in Bahrain), and my country doesn't have a tax treaty with US. So, I think I have to look for similar to the above ETFs based in Ireland. +Hi there, currently invested in a ROTH IRA with a breakdown below. 21 at the moment and deciding how to rebalance my portfolio moving forward. What should I change? + +VTI: 50% + +QQQ: 25% + +VGT: 25% + + +I look for International stocks index who is constructed like the S&P 500 index for American stocks. + +An index with companies from different countries , which screens for Market capitalization, Trading Volume, and profits. I will like to also find an ETF who follow this index. + +I looked online and didn't find anything +Die to my own stupidity, I just turned 33 and have no retirement savings. Without getting into all the details, I’m drastically scaling back the extravagance of my families lifestyle. + +This leaves me with the ability to max my Roth 401k, my own Roth IRA and a Roth IRA in my wife’s name. + +Due to starting a little later in life, should I follow a different type of strategy for accumulation? Or is a 60% VOO, 20% VTI, 10% SCHD, 10% VXUS, 5% VUG, 5% individual stocks I believe in fine for the long haul? + +If I can get an investment portfolio worth ~$1.5M, plus my pension, I should be able to retire then. Calculators say I should be able to hit that by 55 with $2700/mo @ 7% for 22 years. Is that a realistic assumption to plan for, or is 7% reaching? +Hi everyone! I had a question about how you would correct an earlier mistake. + +I started investing back in januari, and one of the first things I did turned out to be rather stupid. I bought IQQH (a clean energy etf) without doing pretty much any research whatsoever. This turned out to be the all time high, and it fell massively after. I got my average down to 12.7 euro's now, but lately the price seems to be stuck around 11. + +Now, I do believe that the price will eventually go back up, as clean energy is still very much the future. However, this might be years, if not a decade from now (a looooot of growth has been priced in in this field). Right now this position is really holding my portfolio back. + +I guess there are 3 things I can do at this point. I can cut my losses and sell the whole thing, cursing my beginner mistake. I could also shrug and do nothing, and patiently wait for it to go back up again (which it probably will). The third option is to dollar average it down further. I was wondering how you would tackle this problem, and if any of you has been in a situation like this before. + +&#x200B; + +Thanks in advance! +I've looked around on the web about this, and I either can't understand what they are saying, or most of the articles and videos are just explaining what expense ratio means. + +I'd appreciate it if someone can explain the process in a layman's terms. + +Are they taking out the fees (like ER of 0.03% or 0.75% depending) from the return that's generated? From dividends? From the amount of my money that's in the fund? When and how often? + +Thanks for helping as always. +Listen guys, + +This is tech. Shit happens. What really matters is the communication of the company. + +So much FUD around Binance yet nearly every hour we have been getting updates on what the team is actually doing. They have already reassured us that it has nothing to do with our crypto, so we don't need to worry. + +There are exchanges that go down and we hear NOTHING about it. Bitgrail, coinmarkets, Kucoin. All terrible communication. Give Binance a break. + + +What were you going to do anyways? Day trade all your money away? + +EDIT: And now the reduce trading fees by 75% for a bit to compensate. You really cannot ask for anything better than what happened here. This is just the beginning for Binance - imagine how SERIOUS this guys want to be? + +**EDIT2: Their main URL still giving issues. Try us.binance to login. Yes this is legit, you can confirm this on multiple official channels such as twitter, telegram, etc. I just logged in there, everything is fine.** +Hellow everyone, + +I'm new to investments. I have a small doubt - + +Japanese index is still below it's 1991 levels. It means the people who had invested their money 19 years earlier would still be sitting in losses. + +Going by the same logic, what stops US market or Indian markets to stagnate the same was as Japanese markets? +Hi + +I am a salaried guy. I received a tax notice saying that "There is inconsistency between salary income in return and Form 26AS". The amount in 26AS is the total salary and the amount entered in tax return is the value in " Income chargeable under the head 'salaries' \(3\-5\)" from Form16B after removing HRA and Transport Allowance which has been accepted by my organization. + +I had uploaded my form16 to cleartax which automatically picked up this value. + +Is this wrong? How do I go about responding to this issue. The amount in question is approx 80000 rupees. + +Should I hire a CA? + +Edit: reached out to cleartax and they refused to help. Need to hire a CA for initial 999 for them to respond. Would it be better to go for neighborhood CA or take professional CA from cleartax +[This news have been circulating since yesterday](https://www.financialexpress.com/money/salaried-taxpayers-beware-know-how-bengaluru-case-turned-income-tax-departments-eyes-on-you/1138394/). + +One should always correctly report their incomes, and pay proper taxes as mandated under Income Tax act. + +But this goes beyond that. + +Most of you must have heard it by now, ITR-1 would be asking various details of annual income breakdown, as reported in Form-16. + +Earlier, up to AY2017-18, form-16 wasn't mandatory for tax filing. But from this year on, it would be. + +Also to be noted, that any claims of tax deduction would be viewed as an attempt to under-report taxable income; especially if Form-16 doesn't have it. + +Say, your HR asked you to submit IT declaration proofs in January or February, but you waited to complete your ELSS until March end. + +Then your form-16 would have the 80C ELSS part missing. + +Same goes for people who claim preventive health check-up fee of 5k u/s 80D, or HRA. + +I personally know people who work at companies where HR departments are so anal about it, they usually reject HRA exemptions, despite employees filing HRA claims, with signed rent receipts. + +Sometimes it's for rent agreement not properly done, or even employee screwing up the Assessment Year (most people can get confused about FY and AY, especially the last minute rush in filing). + +These kind of things, if claimed during filing, could potentially raise eyebrows in the IT department checks. + +At any rate, your 26AS would have total salary information from your employer(s). + +--- + +As per the linked story, this whole thing happened because some employees, working in Infosys and a few other IT service companies, filed revised returns, showing loss from house property; claiming refund. + +But because of these incidents, IT dept. now threatening all salary class people. +I am personally down to a 90-10 debt-equity split. Most of the equity is in international equity and I own very little Indian company equity. It is basically my plan to invest only in high quality short term (<1year) debt for the coming couple of years. + +[Source](https://craytheon.com/charts/nifty_pe_ratio_pb_value_dividend_yield_chart.php) +Hi, + +This is Archit from [ClearTax](http://cleartax.in) + +Here to answer questions on income taxes. http://imgur.com/71yOkN4 + +EDIT: Thanks guys, it was a lot of fun! We are now closing the AMA. You can email support@cleartax.in for more questions any time. Highly recommend the [ClearTax blog](http://blog.cleartax.in) and choose ClearTax for filing your tax return :) +Let us know if you have feedback for us. + +Basically a repost from last year, but I felt the need to remind people that this resource exists. There are some simple explanations of tax law in the U.S. over at Khan Academy. Here are a couple links: + +* [Introduction to Tax Brackets](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/taxes/v/basics-of-us-income-tax-rate-schedule) +* [Introduction to Deductions](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/taxes/v/tax-deductions-introduction) +* [A link to all lessons in the Tax Portal](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic) + +And since retirement accounts tie into deductions: + +* [Link to the Retirement Accounts lessons](https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/ira-401ks/v/traditional-iras) + +Let me know if there's anything related I should add to this list. Happy filing! +Basically a repost from last year, but I felt the need to remind people that this resource exists. There are some simple explanations of tax law in the U.S. over at Khan Academy. Here are a couple links: + +* [Introduction to Tax Brackets](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/taxes/v/basics-of-us-income-tax-rate-schedule) +* [Introduction to Deductions](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/taxes/v/tax-deductions-introduction) +* [A link to all lessons in the Tax Portal](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic) + +And since retirement accounts tie into deductions: + +* [Link to the Retirement Accounts lessons](https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/ira-401ks/v/traditional-iras) + +Let me know if there's anything related I should add to this list. Happy filing! +Basically a repost from last year, but I felt the need to remind people that this resource exists. There are some simple explanations of tax law in the U.S. over at Khan Academy. Here are a couple links: + +* [Introduction to Tax Brackets](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/taxes/v/basics-of-us-income-tax-rate-schedule) +* [Introduction to Deductions](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/taxes/v/tax-deductions-introduction) +* [A link to all lessons in the Tax Portal](https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic) + +And since retirement accounts tie into deductions: + +* [Link to the Retirement Accounts lessons](https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial/ira-401ks/v/traditional-iras) + +Let me know if there's anything related I should add to this list. Happy filing! +Just keen to hear your thoughts on the federal election outcome tonight. Yes it's an early call but it looks like it's going to be the official outcome in the days to come. +So this morning, from $80 to $110, there were so few shares available that we halted 3 times in about 10 minutes. Yet somehow for the rest of the day, there was magically enough liquidity and selling pressure to drive the price all the way back down to $85? It makes literally no logical sense whatsoever. They obviously just use the halt to reorganize their criminal algos and shove all those FTD's back into their dark oceans--at this point those pools are so overflooded they aren't even pools anymore. I'll be DRS'ing all my remaining shares after today. Fuck these reptiles. +Just ahead of the console refresh period, GameStop (NYSE:GME) announces a new multi-year strategic partnership agreement with Microsoft (NASDAQ:MSFT). + +The partnership will see GameStop standardize its business operations on Microsoft's cloud solutions. + +The retailer says the arrangement will further advance its strategy to expand its physical and digital video game offerings, as well as enhance the company’s retail technology infrastructure. + +As part of its transformation, GameStop plans to roll out Microsoft 365 and Microsoft Teams to its stores, empowering more than 30K store associates with enhanced productivity and collaboration tools. + +In addition, GameStop has expanded its Xbox family of product offerings to include Xbox All Access, which provides an Xbox console and 24 months of Xbox Game Pass Ultimate to players with no upfront cost. + +https://seekingalpha.com/news/3620893-gamestop-strikes-deal-microsoft-includes-cloud-operations +I asked this in FIRE but was told to come here. + +I'm 22 years old. Started doing online marketing for a friends dad's restaurant at 17. From there I got referrals, then more referrals, and 5 years later I have almost 200 small business clients. I have picked up a hobby of buying and selling a few luxury watches a month as well. + +I didn't go to college. I didn't buy dumb shit. I just saved my money and worked hard. + +My family (Mom, Aunt, Uncle, Grandparents, Cousins etc) are a normal working class family with lots of debt, especially student loans. We had a lot growing up until I was 4 when my parents divorced because my Dad owned a successful business. + +Besides my Mom, there's a lot of snide comments. There's a lot of asking for money, asking me to pay for shit, guilt tripping of 'We're all family", etc. "You paid more for your Range Rover in cash than we owe on our mortgage? That's disgusting after all we've done for you" + +It's almost like money has ruined my family - and it honestly sucks. And no I'm not saying I'm wealthy, especially compared to some of you in this sub, but to my family, having $10k in the bank might as well be a billion. + +Has anybody else here had similar experiences? How did you deal with it? + +\*I'm in Los Angeles, they're in the mid-west. This happens when I see them IRL and when I talk to them on the phone\* +Hey there r/Superstonk, welcome to Kiraverse! + +We're an online multiplayer blockchain-based game created in Unreal Engine 5 where players across the globe can come together to play, compete, and earn. Kira is a third-person shooter and is starting off Season one with two game modes: "Elimination" and "Battle Royale." + +Players can earn in game tokens to acquire, purchase, or rent characters, skins, weapons, and more to enhance their gameplay and further their immersive experience in the Kiraverse. + +&#x200B; + +**Kiraverse Roadmap:** + +https://preview.redd.it/2px1alap0fr91.png?width=1206&format=png&auto=webp&s=551f1c94b8fe12828faa30a06ddc78e21c9ce40c + +&#x200B; + +**Gameplay:** + +https://reddit.com/link/xttkjw/video/6n8nmpcr1fr91/player + +&#x200B; + + + +**Initial AMA questions**: + +&#x200B; + +**How did this project come to life, where did the inspiration for it come from?** + +KIRA means Ruler/Leader. Being in the Web3 space it was always about the fight against centralization. So KIRA stemmed from that. The decentralized civilization that would pave the way fighting against centralized experiences. Our team is comprised of gamers at heart, we draw inspiration largely from popular BR titles and combine elements that we like with what we think the gaming space needs… Digital ownership! + +&#x200B; + +**How big is the team, how did it come together?** + +21 team members currently and growing, 5 of our core team members did blockchain development contract work prior to Kiraverse and have formed an efficient strong team from there. The whole Kiraverse idea really came together a little over a year ago when we started to see that NFTs can serve as a tool that shakes up the gaming industry. + +&#x200B; + +**How did it happen that you ended up with IMX and by extension, on Gamestop?** + +We were referred to IMX by a company we did blockchain integration for. After chatting over emails / calls we actually flew to another state to meet their team and after that first meeting we hit it off, IMX just really gets it, they’ve been a great partner and true pioneer to the NFT gaming space. IMX had a partnership with GameStop already and once we got the opportunity to show GameStop what we’re building they welcomed us with open arms! + +&#x200B; + +**Among all the other games around what makes yours unique?** + +The everyday average gamer can make money from their home. It's about empowering the masses. Not everyone can become a pro gamer and earn money in Esports, KIRAVERSE makes this possible. Users now have the opportunity to earn in every match they play. In addition to that, we can integrate any NFT in game and allow users to play with their favorite avatars and buy, sell, rent and trade their assets. + +&#x200B; + +**Were you experienced on Web3/NFTs at the start of this project?** + +My co-founders and I have been in the space since 2017. I (MysticKIRA) am a fullstack developer, Kiracurrency owns a marketing company and Efficiently is the lead game dev. We all did contract work for a long time and through our love of crypto and gaming decided we could really make an impact in the space. We saw so many projects fail due to liquidity issues and bad management. We were victims of several rugs and realized there's a better way to do this so we put our heads together and took the first steps towards creating Kiraverse. + +&#x200B; + +**Where do you see nfts/web3 going in the future?** + +I think what we saw in this past bull run is over. I believe the future of web3 will be more organized and be led by much better management. I also believe gaming is a huge part of this because NFTs are essentially already digital assets, but now you can actually dictate what is done with them. Gamers now buy thousands of skins and they just sit in their inventory unable to sell, trade, or rent in most instances. Now restoring power back to the players allows gamers to earn revenue off of that skin, or should they choose to sell it etc.. It's a no-brainer once web2 catches on. Mass adoption is coming and our belief is the most popular use case for NFTs will be within the gaming niche. + +&#x200B; + +**Any exciting integration on Kiraverse that you can talk about?** + +Can't wait for our real Battle Royale map to be finished. It's bigger than Fortnite’s map, will have insane high poly graphics and lots of cool structures. Another thing we’ve focused on during development is promoting players to use the environment to their advantage during battles. At the time I can't reveal too much else on the topic but it is going to be sick. We've shown it in discord livestreams to our community briefly, so IYKYK. + +&#x200B; + +**Wen Kira NFT, wat mint price?** + +TBA, TBA. + +&#x200B; + +**Last one, besides yours, any other Game coming up to IMX that you’re hyped about?** + +The best game on IMX besides us would have to go to Illuvium, absolute polar opposite to Kiraverse when it comes to game style. However, we think it has legs and will do well as their team is committed and delivers quality gameplay in a niche that needs it! + +&#x200B; + +We’re so grateful to have received such overwhelming support from the GME & Stonk communities, it is still so early along in Kiraverse’s journey and seeing the feedback is both humbling and reassuring that we’re right where we need to be. + +For any other questions, please feel free to comment below and I'll do my best to answer all of them! + +&#x200B; + +**Socials:** + +[Discord:](https://discord.gg/kiraverse) + +[Sign up for Alpha access:](https://kiraverse.game/) + +[Twitter:](https://twitter.com/KiraverseNFT) + +[YouTube:](https://www.youtube.com/channel/UC1XWWQws0l9XrSrgbprhjMQ) + +&#x200B; + +Congrats to last week's NFT giveaway winners: + +EVA: da\_squirrel\_monkey + +NATE: KaLul0 + +EVA: salataris + +NATE: Crazyfistz + +The prizes will be sent out today! ❤️ +I'm seeing VIAC drop more than 50% recently due to the Archegos liquidation, and a slew of downgrades. The 5 day chart shows the price stabilizing. + +Would one consider this price as good opportunity to get in and buy ITM long calls expiring say in 2022? +Today was healthy for us in a lot of ways. A moderator's job is to moderate - to make sure things flow properly. To help the community. Today was not supposed to be about them, but for what it's worth, they do a great fucking job. I would kill to have some of the ideas and dedication that these mods have on another forum that I frequent. They also did some things wrong today, and that's okay too. We're not perfect, any of us. And Jesus H. - we're a bunch of fucking retards right? What else do you expect? My god - if I tuned into 3 or 4 self-admitted retards trying to livestream to 25k people for the first time and didn't expect at least 10 smiles and 1 nearly blown set of headphones, well...... + +But that's not what this is about. I'm a dad. I work. I have invested 15% of my earnings this year, or the equivalent of 66% of my earnings 10 years ago, which is the equivalent of 34 straight weeks' of work over a decade ago, into this thing I like. 34 weeks of staring at screens and dealing with peoples' bullshit 24/7. That is the effort I have put into this thing. And it's a thing. It's more than a stonk. It's more than an option. It's a fucking thing, and I'll leave it at that. My heart is in this thing. + +But back to the "dad" thing. I saw something today which I could relate to. This guy who started a company I never bought from joined the board of a company I invested in, and today tells people that as his dad would say, "buckle up". So as a dad, I'm like - damn, I tell the kids this shit every day. What does it mean underneath? + +It means we're about to go on a journey. It means I'm going to help steer us in the right direction. It means that I want to keep you safe and I don't necessarily know what lies ahead. It means I'm in the same vehicle with you. It means we're literally (and fuck this catch phrase for 2020) in this together. It means we will probably run into some turbulence. It means we will probably run into some ups and downs, some starts and stops. But if you buckle up, you will move with the machine that is carrying us. That machine is called Gamestop. And we're going to stop the fucking games. We are. + +I had a bunch of work shit to do today late in the day, followed by a dr. appt. Then I had to scramble home and do some family commitments. So I saw the insane battle for $300 from a dr. office lobby on my phone. Then as I was heading out with my family I saw the stock price drop like thirty points or something right before we went out. Then while we were out I'd check in and see the same fuckery, and just smile. I was thinking in my head that we probably missed earnings by a few cents, or there was some dirt on the new execs. Something dumb. The I later saw that we hit sales. We hired two execs from Amazon (fuck Amazon btw, but they deserve the benefit of the doubt). We are going to drop 5 million more shares at some point in the future. And this is what got me. I haven't yet read the DD for the day, or the top threads. I'm writing this completely blind to sentiment right now. But my immediate thought was oh fuck. This is absolutely what I'd do if I knew we were going to explode in SP. I would make sure we had a way to cash in on the MOASS. Why the fuck not? And even if they dilute another 5mm shares, what is that to us really? Haha. I figured this last bit was the reason for dip, who knows. But me, I think this last bit is the absolute recognition of this company that we are gonna go boom. + +And last thing. Today wasn't about mods. Today wasn't about HFs. Today wasn't about SP. Today was about fucking Gamestop. I used to go to goddamn Babbages and buy games man. There is a special place in the ❤️ for this. Today was about Gamestop. They are not just a proxy, or a conduit for us to make our tendies. They are our symbiotic partner. Some would even say mother. But we need to respect the entity, as it is more than just a ticker. Or an almost-dead company. Gamestop is about transformation. It is a fucking butterfly. Right now we're in caterpillar/chrysallis mode. Soon it will be time to fly. And usually before I fly, I fucking buckle up. + +Did not even proofread, just hit post. So excuse typos and brevity. + +EDIT: Christ you guys, thank you for the overwhelming support/awards/comments and messages. Didn't mean for this to get people all emotional and stuff, and now you guys are making me all sappy. So I'm gonna take a deep breath, give you my profound thanks and understanding, and get my shit back together so we can protect the fam. Dads, moms, kids, apes - much ❤️ + +**Let's go get it.** +This question is for those that have a six figure (or 5) home automation system. My last house I did Google locks, smoke alarm, doorbells, cameras, thermostats. Sonos speakers. Wish I would’ve done automatic blinds. All in was about $10k. Simply I loved it. + +Planning for the next house and I understand that the next level is going to be $100k+. My fear is I lose googles simplicity. I won’t use complicated controls. I’m just too lazy. + +Those who have done high end, do you love it? What features makes it great? Is it as simple as a google app? My current thought is google plus blind automation. Talk me out of it. +I am 20 years from retiring at age 53 and will receive a pension of 60% of my salary for the rest of my life. Let's say I will receive $60k a year if I end at $100k. I will also receive my other accounts at different ages which are the following: Differed Compensation *tax deferred (53), Pension Annuities (53 paid over 11 years), 457b *roth contributions (59.5), and Social Security (62). So are dividends a good way to supplement me from 53 to 62? I've been picking up SCHD and VTI for now, along with some I bonds. +In short, I sold my business and it was enough to pay off all my bills, including my house. I was hired by my old company and will still be working, so the money is there to invest. I also have money set aside for a disaster fund, which is not part of the $500k. + + +I have been investing over time, I have just shy of $100k invested and I've always used the wheel (selling covered calls and cash covered puts). I also have a family to keep in mind, a wife and a 15 year old. So I have to also be responsible. + + +$500k isn't nearly enough to retire off of and I'm not going to YOLO it into something like QYLD/JEPI and try to live off the returns. Since that feels like too much risk. If I was single, I'd be open to that. + + +Seeing that I love dividend stocks and running the wheel, how would you do two things; + + +1. Enter the market, I do not want to just buy $500k worth of stocks at once, I figure I should invest X amount each week/month over a 1-2 year period? + +2. How would you structure your portfolio, knowing it's enough to generate some good dividend returns, but not enough to live off of. Again, being 40 I have some time to grow it, but we might not wake up tomorrow and I want to make sure my wife and kid are left something they don't need to actively manage in the event something happens to me. + + +Thank you for your opinions! +I attended two physical therapy sessions in Jan of 2020. + +1st session: $100 for 1hr. + +2nd session: $100 for 1hr. + +I had insurance at the time. So I understood that I would have to pay something and it would go towards my deductible. + +Today the PT settelments office (Oakbend PT in Richmond TX) called and said I owed $500. They said for two sessions, the cost was $1200. Insurance paid $700. I owe $500. + +I just got off the phone with the actual PT office and asked how much it would be if I did not have insurance or wanted to just not use insurance, they said $125. By that logic, the MOST I SHOULD PAY is an additional $50 (already paid $100 per session). + +How is this legal or possible!?!! They can just charge whatever they want and if the insurance says they won't pay they then come to me??? + +I'm very nervous and upset. What can I do? + + +Edit: this is not a debt collector, but rather the actual med facility calling. It has not went to collections yet. +At the time of this writing, the 2y/30y yield is inverted (1-2 basis points). + +Source: [https://www.cnbc.com/quotes/30Y2YS](https://www.cnbc.com/quotes/30Y2YS) + +It's historically rare and usually happens near the end of a rate hike cycle by the Fed. I know it's preceded some significant contractions in the economy, but the inversion near the start of the rate hike cycle makes it a little more concerning. Just feels like the next 12-18 months is going to be volatile. +Thought I'd continue some discussions from last week's auction thread + +Looks like there's a fair few auctions going today - just went to one in Syd south West. Vendor bid and passed in straight away.. No longer than 2mins! + +Keen to hear others experiences +It’s coming to the point in the year where I have a pretty complete picture of year end comp. Understanding that I/my family has done well while many others have not is creating some guilt. Pre-Covid, year end tipping was largely pro-forma for service people (barber, landscapers, sanitary workers, etc). I’d like to provide something meaningful and generous this year without being obnoxious. + +This year, we also have my kids tutor who is also a FT teacher at their school. She tutors for 3 hours a week at roughly $75 per hour. I’m not even sure it would be appropriate??? Maybe a gift instead of cash?? + +What do you do for year end tipping and/or what are you planning for this year? +Asking out of curiosity as well as for personal reasons. I’m considering a move to a lower COL city which will involve many sacrifices including abandoning my friends and city which I love living in. Torn because I know it’s the right thing to do financially but I also know I will take a hit to my enjoyment of life. +[This post was locked](https://www.reddit.com/r/fatFIRE/comments/r4i2r9/opportunity_to_buy_preipo_shares_in_spacex/) by mod so I thought to start a new one only because I was surprised by the lack of due diligence by both the poster and the commenters. A quick google search yielded this excerpt from a [CNBC article](https://www.cnbc.com/2021/10/08/elon-musks-spacex-valuation-100-billion.html) from Oct 8: + +**SpaceX has an agreement with new and existing investors to sell up to $755 million in stock from company insiders at $560 a share, according to people familiar with the deal.** + +[Further search](https://finmasters.com/how-to-buy-spacex-stock/) yields info on how to buy Shares: + +You may be able to buy SpaceX shares through these marketplaces. + +* [Forge Global/Sharespost](https://sharespost.com/rivian_stock/) is the product of a merger between two major pre-IPO marketplaces. The minimum investment is $100,000. Some shares may have higher minimums. Potential buyers may need to pass a qualification process.   +* [EquityZen](https://equityzen.com/company/rivianautomotive/) acquires pre-IPO shares from early investors and employees and makes them available to qualified investors. There will be a qualification process and the minimum investment is $10,000, potentially higher for some shares. +* [SecFi](https://www.secfi.com/products/for-investors) specializes in linking outside investors with employees who need to liquidate their stock options. + +On the face of it, it appears the ask ($650/share + 3.8% + 2% annual + 20% carry?????) in the original post is a bit scammy. Consider this post more about doing basic research than about SpaceX. +First, a disclaimer: I’m still new, and there are a lot of YouTube traders out there. Some are great, while others are iffy at best. I cannot tell anyone which ones are legit and which ones should be avoided, but it doesn’t take long to understand that not everyone on YouTube who claims to be a trader should be taken as a valuable source for education, so please use your own judgment before deciding to take any of their advice. After all, if only the top whatever percent of traders make money, what are the chances that all of these YouTube traders do? + +That being said, I particularly enjoy a handful of them and have taken quite a bit from them… + +- Matt Diamond is the one I modeled my scalping strategy after. +- Humbled Trader is one who taught me how to use certain indicators as well as gave me a glimpse into her life as a full time trader. +- ZipTrader also taught me about indicators, chart reading, and certain trading fundamentals to follow (e.g. buying at confirmation). +- UKspreadbetting is helping me work on the psychological barriers that are affecting my trades. +- ClayTrader gives no BS trading education on a variety of Trader 101 topics. +- Vincent Desiano is a source I turn to for better understanding of everything technical (e.g. trend lines, key price levels, breaks and retests, etc.) + +Yours? +Have been wondering if it is prudent to invest in two falling knives : +1.Vodafone Idea-the stock has been beaten up badly. +But with most banks having significant exposure to Vodafone idea and the fdi image of the government on the line if Vodafone falls-the government will eventually step in.Most media reports over the last few days echo the same. +https://economictimes.indiatimes.com/markets/stocks/news/if-govt-lets-voda-idea-go-belly-up-top-banks-to-take-big-hit-fdi-image-hurt/articleshow/72069726.cms +https://www.livemint.com/industry/telecom/government-considering-telecoms-firms-request-for-relief-on-overdue-payments-11573824075080.html + +2.Lakshmi Vilas Bank-the cost of setting up 600 branches and 1000+ ATMs across the country,the lobbying needed to get a banking license,the holdings that it has.Adding to all this- rbi has never let any scheduled bank fall down in independent India.Seems ripe for a take over even with the NPA crisis and management issues. + +Any thoughts on buying these falling knives at their CMP? +I have asked this question on the advice thread but got no good response. Hence creating a thread. + +I have seen read bad reviews of some tax firms for itr filling services on this subreddit. But no one has posted their experience with GalacticAdvisor services, even though they are very active and helpful in this group. + +Anyone can share their experience with GalacticAdvisor for ITR filing? (especially when you have income through foreign equities). Are their services very expensive? Do they communicate well. Did they meet the timelines they committed to. Did they help you save tax.... etc. + +I ask this qn because i want to take their services and am looking for some feedback. +Why this question : + +To find out what people have been doing in this period of uncertainty , some are waiting for a crash or recession. Some are aggressively buying mid and small caps . + +Some are too conservative now and sticking to complete money market instrument. + +Some do not care whether it's recession coming or not and doing their monthly investments ( very few ). + +I am just maintaining my asset allocation , nothing else , 70 (eq) - 30 (debt) . Rebalancing it once in 2 month . + +So, through this thread will find out what others have been doing , what outlook they have in short and long term , and what actions you have taken in past 6 months . + +Also mention if you have made any lumsum investments . + +Only equity and debt please . + +No gold , real estate . + + +Thank you . +Pretty much the title. + +Is there any place where I can enter my investments in mutual funds and they can tell the exposure to specific share and industry at an aggregate level +Just a thought I had recently. +If I am a long term investor, dividends that are paid out to me will lose 30% of their value in income tax. +Isn't it better that these dividends are never paid out, remain with the company/stock and add reflect indirectly in the form of growth in stock price or ETF/Index fund NAV? When you sell these units eventually you will have to pay LTCG whose value is much lower than income tax. +The corollary is that for a young, long term investor with years on the horizon, it is better to buy ETF/Index funds with low TER or non-dividend paying stocks. +Would you say this calculation is correct? +I've been lurking here for awhile but never had anything to say until now. I appreciate everyone who does contribute. + +My question is can someone who only makes earned income from trading contribute to their Roth IRA each year. I'm retired from the military and don't really need to work outside the house, but I want to still add to our IRAs each year. + +So if I earn 14k selling options can I dump it into our IRAs? +I bet he's pretty embarrassed by this now ..... [https://www.youtube.com/watch?v=CpMEFtPZJLc&feature=emb\_logo](https://www.youtube.com/watch?v=CpMEFtPZJLc&feature=emb_logo) +Storytime: +I started averaging into GME towards the tail end of last year, ending up with a total of 500 shares at around $16.58/share. I had recently discovered selling calls thanks to this sub and decided to try my hand at selling 5x 1/15 20C since I felt the strike was far enough above my cost basis and had what I thought was a solid delta and DTE at the time. Fast-forward to literally the week my calls expire and GME begins its moon mission. I knew a little about rolling back then and was fully prepared to roll the calls up and out a couple of days prior to expiration (which I thought at the time was best practice). Guess what happens? I get assigned 3 days prior to expiration when the price hit $30 and say goodbye to my 500 shares... pain ensues as I watched the GME craze take off. Needlessly calculating the potential gains I would have had if I rolled or wasn't assigned at all. This could have been potentially life-changing money for me. + + +[Proof of shares and assignment](https://preview.redd.it/udmob5o3gjo61.png?width=1656&format=png&auto=webp&s=62306e7e4d3c84e3fe674e30c3ee9e2990645758) + +As they say, "max profit achieved." How far up and out would I have rolled? Who knows, maybe some time in Feb 60C. I learned a lot from this trade specifically and will not be making the same mistakes again. + +1. If you really want to hold onto a stock long-term... just don't sell calls against your shares, especially not a meme stock that had all those rumors circulating. The premium I collected was pennies in front of a steamroller. It works until it doesn't. + +2. If you do sell calls and they start to become wildly ITM and you want to keep those shares, roll up and out early, don't wait around. Know the risks involved with assignment and selling calls. + +3. Let go of your emotional attachment to a stock after it's gone, you can see me FOMO in a little and then sell immediately with those 12 shares in early Feb. + +TLDR: Sold 5x 1/15 20C on GME, got assigned early after they went deep ITM before I could roll. "Max Profit Achieved" and lessons learned. +Title pretty much sums it up. Mrs wants to buy a property and I’m sitting here pretending all is fine when I know for well interest rates are the single greatest driver of property price inflation and they are at the floor. + +How do I get over the fear of leveraging in to what many call a super heated bubble? + +*EDIT* + +I should clarify. I’m not worried about the repayment side of things. I’m worried about being stuck in a property due to negative equity when/ if this “bubble” corrects/pops. +So my sister, 19, is currently in college and is sort of struggling to pay for classes and books. When helping her apply for financial aid, it put her as dependent and required parents 2020 taxes. However, mom hasn’t filed and owes and father is deceased. My sister also didn’t work because she was in high school. We put the option of “will not file” under our mom and completed the application. + +The financial aid rep reached out to my sister and said that they need our moms taxes to move forward. My mom says she will but we already know she won’t. + +Has anyone experienced this? Or know what other options we can do? Thanks! +[https://www.investopedia.com/terms/s/substantiallyidenticalsecurity.asp](https://www.investopedia.com/terms/s/substantiallyidenticalsecurity.asp) + +Are VOO and SPY considered substantially identical? + +Is the broker supposed to determine if a capital loss is a wash sale in the 1099-B? My tax accountant (Deloitte) told me that, but when I asked my broker (IBKR), they told me to consult my tax accountant... +When my siblings and I were kids, we would spend a lot of time at my grandparents and great grandmas, so childcare was free for my family. Today, I have a baby on the way, but both my parents and my wife's parents still work. So we are either going to have to find childcare, which will almost negate my wife's income, or my wife quits working. Now I'm not blaming my parents, but I think that its one more thing people don't think about when it comes to how millennial finances are different from boomers. + +A lot of boomers had their parents help with childcare, especially their mothers because so many households were single income households to start with. But now, boomers are working later and later, and aren't able to help out with things like childcare for their grandchildren. My parents had free childcare, received tens of thousands of dollars in inheritance from my grandparents when they passed away, still managed to always spend more than they made, and are now going to have to work into retirement because of debt, and if I'm lucky I won't get stuck with their funeral bills. + +Thankfully I make a decent income, and don't consider myself in poverty, but my sister has three kids, and is struggling. She just got a much better job than she's ever had before, but because of the increase in income, they got denied for childcare vouchers. They're not getting ahead now because childcare is so expensive, no matter how hard they try it just seems like they're stuck. If they didn't have to worry about childcare, they would be in a much more stable place. but both their parents work. +[https://www.barrons.com/articles/recession-cars-bank-repos-51657316562](https://www.barrons.com/articles/recession-cars-bank-repos-51657316562) + +"Lopez says it is hard to track vehicle repossession rates because banks are loath to talk about them. But based on what he says he has seen from banks, subprime repos have nearly doubled since 2020, to around 11% on average. The bigger red flag is in prime repos, where borrowers have higher credit scores. Lopez says usually about 2% of prime loans wind up repossessed. Now, that rate is at about 4%. " + +Ok what apes are diamond handing their cars to avoid repos???? That doesn't count if you can't pay for it! + Lurker here! + +Got my hours cut as a server, so I did the next best thing. + +I applied to GameStop across the street from the restaurant, and the manager just called me in for an interview! The manager was super nice and told me that it's one of the busy stores where I live, and with my qualifications I can move up fairly quickly! + +Yay! I'm super excited :) + +Edit: I wasn't sure if I wanted to post on here (since I mainly lurk and throw some comments here and there) but I just wanted to share with you guys! +So our power bill for two people (one works outside the house) was 300% more than this time last year. Slightly more consumption but not 300% more, about 20% according to the bill. Of course power is way more expensive now but this is insane, $500 roughly for two people that don't use heating, watch tv or play games. We cook and shower at home (electric water), have LED lights, and one computer on for half the day. There's nothing else to cut! We won't be able to do this again next month but the only alternative is to turn off the fridge. +As the title says I’m starting a new job and they initially gave me an offer that I turned down because I wanted a remote role and they wanted hybrid. They countered by saying the role could be fully remote if I were 1099 rather salaried employee. + +Originally salary was $100K annually, but with me doing 1099 I’ll be paying my own taxes and insurance how much additional in compensation should I ask for? I’ll also be missing out on PTO, 401K match, and some other benefits. Should I factor that in to how much additional I ask for as well? This is in Northern California. Any advice would be much appreciated. Thanks for reading. +For months investors have been raising questions about ICN. The team's solution for the downtrend and the questions it raised was to ban from their sub whoever dared to ask, not without first being accused of spreading fud. + +The result is now in plain sight. Falling like a rock and no bottom to be seen. A project that has been proving to be consistent, put together with competence, is only failing due to one simple thing: arrogance. + +Take this lesson, Iconomi team. Next time listen to your investors and address the issues they're concerned about before it's too late. It will save you a lot of hard work, and you sure prefer spending time, energy, and money on development rather than fixing fuckups. +I'm really interested in a lot that is way over priced. The lot has been on and off the market for 6 years. About a month ago I made what I thought was a fair offer( but still way off asking) that the seller rejected and said they would only accept full price. I wasn't interested so I moved on. + +Less than a week later I noticed the lot was relisted after being taken off the market and was reduced about 8% (still over priced). After some back and forth the seller said he would accept about another 8% off the new price (still over priced but I liked the lot enough to consider it). + +While I was considering apparently someone offered full price I guess without realizing why the lot was over priced. After less than a week the other buyer backed out once the realized it was over priced. So I then offer the price the seller said they would accept and they declined saying they think they can get a full price offer since they got a full price (even though the other buyer very quickly backed out). + +I have my doubts anyone will buy this lot at the asking price. How much time should I wait before I should offer again. I'm not hurry so I can wait as long as needed. +&#x200B; + +**Hey Apes, I came across this twitter thread from Tavi Costa, a Portfolio Manager at Crescat Capital, that I thought you all might find interesting:** [**https://twitter.com/TaviCosta/status/1365851330850398210?s=20**](https://twitter.com/TaviCosta/status/1365851330850398210?s=20) + +&#x200B; + +**(Yes, I know he manages a metals fund, this is not investment advice nor a recommendation to buy his products, just thought his ideas are interesting)** + +# I will copy it below in case you don't have twitter: + +# ----------------------------------------------------------------- + +# The Fed is trapped. Let’s dive in deeper. Thread below + +* The year is just getting started and US fiscal deficits already reached another record. Now at its worst level in 70 years. The current fiscal spending path will lead to record Treasury issuance this year. + +&#x200B; + +https://preview.redd.it/s6klrbf3s1w71.png?width=528&format=png&auto=webp&s=bd53c88f51291d89849fcee4e0a106d45ca66790 + +&#x200B; + +* In March of 2020, lawmakers passed the $2.2 trillion CARES Act bill. Then, an additional $900 billion of stimulus in December. + +&#x200B; + +* With the decline in tax revenues and other discretionary and non-discretionary outlays, the government had to issue $4.4 trillion of net new debt in 2020 to fund these programs. + +&#x200B; + +* **To fund this operation, the Fed purchased $2.4 trillion of these Treasuries, or 54% of the total issuance. Equating to an average of $197 billion per month.** + +&#x200B; + +* **In 2021, if the Fed decides to stick with the $80 billion/month plan, it would be 60% less than what they did last year. The math does not add up. Fiscal spending is likely to be significantly higher.** + +&#x200B; + +* The administration is now planning on a two-stage stimulus package: rescue and recovery. The “rescue” will be close to $1.9T. That needs to be passed in the coming weeks before unemployment benefit programs are exhausted of money. + +&#x200B; + +* The “recovery” part, still being discussed, could be as large as $3T! That puts the Government's rescue and recovery package cost close to $4.9T. Again, that compares with the $3.1T that was passed in 2020. In other words: A tsunami of Treasury issuances is likely underway. + +&#x200B; + +* There is, however, another important consideration. Not only fiscal spending is surging but US Federal net tax receipts are also rolling over again. As of January 2021, US federal tax receipts are down -3% on a year over year basis. + +&#x200B; + +https://preview.redd.it/e7z1b4t5s1w71.jpg?width=590&format=pjpg&auto=webp&s=26112b7ecbb816782633e01f6d7d198a200cd2bf + +&#x200B; + +* **One would wonder who is going to fund all this debt. Foreign investors? They only bought 5.2% of all Treasuries issued in 2020.** + +&#x200B; + +* **US banks? Sure, they bought 17% of last year’s issuance. They are loaded with Treasuries already. In fact, banks now lend more to the government than to businesses and households by a record amount.** + +&#x200B; + +* The ball is clearly on the Fed’s court. But it is also facing its worst predicament yet. + +&#x200B; + +* It must suppress interest rates to allow the government to run extreme fiscal deficits and continue to prop up the equity and bond market at record valuations while inflationary forces keep building up. + +&#x200B; + +* **In our analysis, the Fed will have no choice but to substantially increase its planned quantitative easing. After all, the central bank is the lender of last resort. But US taxpayers will also be on the hook.** + +&#x200B; + +* Throughout history, an increase in income tax rates tends to follow a period of large government spending. It is only a matter of time until this becomes an even more discussed topic. So far, today’s narrative is all about how big the fiscal stimulus is going to be. + +&#x200B; + +https://preview.redd.it/soe7yhi8s1w71.png?width=778&format=png&auto=webp&s=c19f0d6ebae285c61779f53ec0d6376a12d2c7b6 + +&#x200B; + +* If nominal interest rates continue to rise and threaten the government funding situation, policy makers will have to redirect their focus towards the debt problem. Nonetheless, tax increases are inevitable and that is indeed negative for risky assets. + +&#x200B; + +* Yes, the equity market did not have significant issues when tax rates were trending upward and reached 94% at the end of World War II. + +&#x200B; + +* **However, with stocks near record multiples across almost all fundamental factors, we think risky assets cannot undergo such a tightening impact in the economy at today’s price levels.** + +&#x200B; + +https://preview.redd.it/t6f5xc4as1w71.png?width=870&format=png&auto=webp&s=0b126cb5374959a8cee6179d50f97b48c6ababe9 + +&#x200B; + +* Back to the Fed however: We think it will have no choice but to increase its QE program significantly. In such an environment, investors will seek hard assets for protection. The issue is that a commodity boom is contributing to reflexive macro inflationary pressure. + +&#x200B; + +* **After years of underinvestment in the basic resources of the “old economy”, the world is facing commodity supply shortages.** + +&#x200B; + +* Lumber and plywood prices are not only near record levels, but they are also rising at their fastest pace since 1974. Agricultural commodities, base metals, gasoline, natural gas, are all up over 20% YoY. + +&#x200B; + +https://preview.redd.it/81ue2igbs1w71.png?width=528&format=png&auto=webp&s=a70567284e65a1fa666c18475565e5e77dd69ea1 + +&#x200B; + +* Not to mention: The rising industrial demand in a fiscal stimulus driven economy attempting to both recover from Covid and transition to a cleaner, greener economy. + +&#x200B; + +* Similar to the issues we had after the Spanish Flu in 1919, inflationary pressures keep building. Back then, consumer goods prices began to rise due to a raw material shortage problem. + +&#x200B; + +* Commodity producers were running well below their historical capacity, resulting in a sharp upward move in prices. This time, on the other hand, the pandemic already started after several long years of under investments in the commodities market. + +&#x200B; + +* To highlight, investments in mining exploration are at a 62-year low! We strongly believe that there will be major supply/demand imbalances in the next years as part of the current macro environment. + +&#x200B; + +* When adjusted for inflation, commodities are just slightly above the worst levels of the Great Recession. We are likely entering a super cycle period. + +&#x200B; + +https://preview.redd.it/tr6bdztds1w71.png?width=528&format=png&auto=webp&s=03bba788ba2bd7fe7ae92a6fff06c4d21531dee2 + +&#x200B; + +* Commodities are the highway from the old to the new economy. When their prices go up, the whole investing landscape is set to change. + +&#x200B; + +* **This is not like the disinflationary times we had after the global financial crisis. It is quite the opposite. Today, we have inflationary pressures on both the demand and supply side of the economy.** + +# -------------------------- + +# BUY, HODL, VOTE GME + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* +Just curious does anyone give there tenants gifts for the holidays? I typically give a $25 gift card to Amazon or Dunkin’ to my tenants that pay on time and never give me any problems. +The market is CRAZY right now for people trying to buy homes. I'm ready to pull the trigger on my next property (number 3) and it's obviously not in my favor to find deals right now. Even homes going to auction are selling for market value and homes on the market are getting 90 offers and selling for 20%+ above listing. That doesn't work well for my numbers. + +I've saved up $200k in cash and another $100k HELOC available but trying to get a deal on the market is near impossible. I'm tempted to wait it out but I have a lot of cash sitting idle. Thinking about just buying a couple of condos in cash and at least getting a return for the time being, but obviously want to be ready for things that come up. + +Just wondering how others are prepping for the future... +We're exploring some options that include selling our building and possibly purchasing a smaller one. This property is in a Trust and my brother is the Trustee.....I assume when you sell the property, the funds go into Escrow for the 1031 exchange. How does it work if you don't find a property? Does the escrow just send the money back to the Trust's bank account and then they are responsible for paying taxes? + +What about if the property is less than what's in the exchange, I assume it's paid for out of the escrow and the difference is wired back to the trust? + +We will get an attorney involved, but this is just an idea at this point. +Hi everyone, im 19 and am trying to be on the right path. + +I have about $20,000 in liquid and $15,000 in investments. + +I understand the end of the year is coming and I should definitely utilize the 6.89% before it’s too late, or should I? Im not sure yet but know the time is closing in soon. + +The only reason I would need to utilize this money is for next fall when I buy 15-20 head of cattle as an investment. I know there are 1,2,3,4,5 month ladders you can do but i’m still a little shaky on knowledge when it comes to that. + + +What would y’all do if you were in my shoes? I do have an emergency fund already of $5,000 and bank at capital one that yields 3% apy currently. +Please advise! + I'm 33 and recently moved to Perth from NZ. Straight out of high school I started working b2b sales and did that forever. + +Made decent bank but I'm completely super over it. I'm now in a position where I could go to uni for the next few years, I was thinking bcom with accounting and start a new career as an accountant of some type. + +Whats the outlook for an old new graduate in the field? Is this a bad idea? Would I be laughed out of the room going to uni now or when looking to enter the field after graduation? + +Alternatively, are there better pathways into the profession? + +The accountants I've dealt with all seem like cool people, they have comparatively low stress jobs and seemingly great work life balance. My time in sales was like being in a pressure cooker 24/7 so I'm looking for something more chill I can do for the foreseeable future so I'm not targeting the big 4 or going in with wall street ambitions; pretty much the opposite. + +I'm also open to studying something else, I'm not 100% locked into accounting. + +Thanks for any input! +My husband and I opened an Individual Development Account (IDA) early this year with the stated intention of saving for a down payment on a house. We've since discovered that no one knows what IDAs are, which means that *tons* of people are missing out on a huge boon. + +If you make up to 200% of the poverty level, you are eligible to open an IDA. It's essentially a matched savings account. You save at least $25 a month, and the program matches 3 dollars for every dollar you save--up to $3k a year for 3 years. Your savings contributions are tax deductible in some states, and more tax benefits are available when you withdraw your savings. Savings must be put toward a set goal, usually college savings, home repairs, a down payment or purchase of business equipment. + +Here's the best part: there's literally no downside. If you change your mind, your own savings are returned to you with any interest earned. If your income goes drastically up, you're not kicked out of the program. It's a fantastic program to get in on if you're low-income now, but expect your income to rise in the near future (ahem, college kids). + +We applied when we were both jobless early this year and were accepted, depositing $85/month. We're now pulling a combined 60k, but are still in the program. When we buy our house in 2.5 years, we'll have saved $3k in this account, but will be withdrawing $12k. We will get another $2k back [as a tax *credit*](http://www.freetaxusa.com/display_faq.jsp?ida-withdrawal-home-purchase&faq_id=1316) on our closing costs. + +It sounds too good to be true, but this is a real, government-backed* initiative! And I want more people to take advantage of it! To find an IDA provider near you, [search here](http://cfed.org/programs/idas/directory_search/). + +**EDIT:** Now that this is blowing up, let me clear up a few things. First, I'd like to echo /u/ritchie70 and ask that you *please* be respectful of what these programs are designed for--both ending and preventing generational poverty. Please DO NOT try to figure out how you can qualify on paper if you are not truly in need. + +Because the program is intended to end cycles of poverty, money can only be used for qualifying expenses...usually a home down payment or business expenses. You can't buy a car, sorry. + +*I first described the IDA as a "government-backed" program because I wanted to lend legitimacy. This is true in my state, as the initiative was created by the state legislature and is funded by state tax credits. IDAs are appropriated through various NGOs, but the matching money usually comes from the state. It appears this isn't true in all states, so I'm sorry for any confusion. + +Lastly, I am trying to answer questions, but I really have no idea where one is near you or what the rules are in your state. Try some Googling and then call your nearest provider. + +I've followed this sub for a few years, and over this last year I've been able to make some emergency savings. My work was in difficult waters at the start of the year so I thought I better start. + +Fast forward to this week - work is fine, I have just finished saving to my target, but my boiler completely broke and needs replacing. Fortunately half my savings can cover the full cost of a new install. + +Just an example of how emergency savings are really worth it. +After working 15 years starting from McDonalds and leaving my current position as an HR manager, my retire early plan is now starting the next phase. I was able to reach $2.4 million over 15 years and granted due to some luck that accelerated my timeline, but I also was a student and worked 1-2 jobs for about 9 years. I only had 1 job for the last 6 years. My last day will be when my child is born in 8 weeks as they talked me into helping during the transition. They will pay my medical insurance through my 12 weeks of FMLA along with 8 weeks of pay. + +I am very excited and do not have a ton of people to share with because I'd rather them continue to guess on the financial figures. My plan is to tell people I work in finances (Since I do manage my investments). + +I found the main key to FIRE is living below your means. When I told my boss I was leaving, he had no clue but was happy for me. He said you would never know looking at me that I had money. It's very easy to get caught up in material wants and desires. Luckily I married someone like me who also had the same mentality for stuff. We still both live like we did when we both made like $35k a year. + +My 1st job at McDonald's I made $6.95 per hour. Eventually I joined the Army primarily for free college. I was awarded a full ROTC scholarship and continued to drill with my national guard unit. During summers I worked landscaping jobs making $10 per hour. My senior year I had a part time internship in HR, full time school and ROTC/National guard. + +I graduated and got married with a net worth of \~$5,000. I stayed in the national guard and found a position making $35k a year plus NG money. I left a year later for $50k, and after 3 years left for $75k. I currently make about $85k. + +I had failure in there. I was fired from a job. The 1st $1000 I put into my brokerage account at 18, I lost it all. I lost my dad and needed to help my mom. The greatest feeling of FIRE is not about what I can have, it's about what I don't worry about. When I was fired, my co-workers were upset because I had a young child, and they did not know my financial situation. Being on the FIRE path allowed me to not be upset about losing the income. + +Where I got lucky was crypto. But if it was not for my savings and lifestyle, I would not of had the capital to invest in the 1st place. I heard about Bitcoin in college around 2012 and I was deployed in 2014 and thought if it made it here, it might make it further. Over 6 months I bought $20k worth of Bitcoin using the extra deployment money. That story worked out well even thought I had many people over the last 7 years tell me to sell and I was dumb not taking the money. + +I was expecting to hit my goal without crypto by 40. Because HOLY SHIT compounding interest as Einstein said IS the most powerful force in the universe. Starting the goal young and utilizing my time and efforts in my early. Hearing in college that I was frugal as a joke from friends. Some people will never understand my lifestyle, but it is what it is. I look at $2.4 million as $90k, not that I can spend $2.4 million. + +To anyone out there, start early, pounce on opportunities, live below your means and spend wisely, and set a reasonable goal. As everyone says, the 1st $100k is the hardest. The journey is not always easy but it's possible for many with planning and enough time. + +Currently my assets are and $0 debt + +|House|$295k|HSA|$15k| +|:-|:-|:-|:-| +|Cash|$50k|Wife 401k|$202k| +|Fidelity|$905k|Crypto|$900k| +|Pmnakedbitcoin 401k|$22k|Land|$60k| +|Total Today|$2.4 million|August 2020 Total|$884k| + +My spending is excluding daycare is about $35-40k a year. Daycare is \~$22k a year which I am going to watch my kids 3 days a week which will reduce that expense down to \~$10k a year. + +Although I know the crypto part of the story some will say I am lucky which I was. I thought my story is worth a share and wish everyone the best on their path to FI. The flexibility is worth every time I said no to buying something. Onwards to pursing passions and giving time to my group of non profits and not just financially. +Hello! + +I recently decided to hire a Fee only Financial Planner. After talking to few, I was became sceptical on whether I should really go ahead and trust someone else for my financial decisions? + +A small move here or there can make or break my entire future, especially in a society where money is almost the central pillar of existence. + +All of them said, they would not recommend equity investments. Only MFs and all other financial instruments. This made me realise, that that is something even I could do with some help from internet and peers. + +[In no way I am undermining the capability of these Financial Planners and this is just my personal approach towards handling my investments] + +I am here to know, how many of you are managing your portfolio and future by yourself? + +What are the initial challenges that you encountered and how did you overcome those? + +And on that note, what are some tips you could share with a beginner? +40% of all USD in circulation were printed in last 12 months. Productivity is still very low. Many industries and businesses are broken to their core. They won't be recovering anytime soon. + +Knowing the impact of USD on global economy, my small economic mind tells me hyperinflation is coming in next 2-3 years when all that inflation drips down from stocks/fixed assets to vada pav. + +What are your plans to fight this inflation? + +Are you people planning to short currency? +I saw someone had recommended this stock in an earlier thread as risky pick, but looking at the ratios of this stock isnt it crazy to buy it at this levels? + +https://finance.yahoo.com/quote/ZM/ + +Why does it have such a crazy P/E level? +This post follows the suggestion in the thread the other day of “what to buy in a recession”. With the current market drawback for equities, but with real estate being not yet significantly affected, it seems as though it would be a good opportunity to sell real estate and rebalance into stock? Personally, I’m way overweight in RE right now (80%+ of my NW in commercial multifamily). The downside is much of this is tied up in 1031 exchanges so the tax hit would be real. + +Of course things could get worse and stock could (and from the looks of things probably will) drop further and RE could increase more, but I’m not trying to time the market, just take advantage of what seems like a good opportunity to rebalance when valuations are lopsided. Is anyone in a similar position and executing on this? +J.L. Collins and I were chatting about safe withdrawal rates this morning -- you know, what finance bloggers do in their spare time -- and I decided that somebody (meaning me) ought to write an article that drew on primary source material in order to explain the history (and meaning of) safe withdrawal rates. + +&#x200B; + +I googled and found the original Bengen piece, the Trinity Study (why does the /r/FI FAQ say this is the source of the 4% rule, by the way?), and several more. Then I found this: [https://www.kitces.com/march-2012-issue-of-the-kitces-report-expanding-the-framework-of-safe-withdrawal-rates/](https://www.kitces.com/march-2012-issue-of-the-kitces-report-expanding-the-framework-of-safe-withdrawal-rates/) + +&#x200B; + +It seems that in March 2012, Michael Kitces tackled this very project. And because he's Michael Kitces, he did it much better than I could possibly do it. If you're a money nerd like me and have sometimes wondered about the history and evolution of safe withdrawal rates, you should read this. It's fourteen pages of nerdery. Enjoy! + + +As a dividend-growth investor, I'm always looking for better ways to evaluate the investment quality of a stock individually as well as part of my broader portfolio. In the very beginning I used to heavily invest in stocks that were Dividend Aristocrats. But I started asking questions such as, how are these stocks performing compared to their peers. Are there stocks with better performing ROEs? What level of risk (Sharpe ratio) was taken to achieve those earnings? What is the forecasted earnings growth over the next 5 years? How many consecutive years have they increased dividends? What's their payout ratio? What are analysts thinking? Are there sectors/industries I'm overinvested or underinvested in? + +So I decided to write some programs to pull free financial data from multiple sources. I consolidate all of these different data sources, cleanse and standardize the data, and came up with my own scoring metric on how to rank each stock. It does lean more towards small cap stocks which I typically avoid, but it's still informative to know what ranks high. The metrics I use for calculating my score include metrics such as Current Dividend Yield, 5-yr Forecasted Earnings Growth, ROE, Payout Ratio, Sharpe Ratio, Piotroski F Score, Dividend List Membership (Aristocrats, Champions, Kings, etc.) and it favors stocks with strong histories of paying quality dividends. I try not to give any one metric too much weight. + +Pasted below is a link to a GoogleSheets spreadsheet that has the entire list. Hopefully you can use the data to make more informed investing decisions. + +[Investment Analysis of 8000+ Stocks](https://docs.google.com/spreadsheets/d/1LW3ANuUQikTQl07I-5GzPpVmaH_YjJNJ/edit?usp=sharing&ouid=106769285082766188452&rtpof=true&sd=true) + + + +What are your thoughts on my top rankings? Any surprises? Any questions on any particular metric? Hopefully it has provided you with extra investment insight. I'm always looking for ways to refine my methodology and scoring, so any suggestions would be appreciated. + +Data Disclaimer: Data from free, publicly available sources are known to have data inaccuracy issues and financial metrics/forecasts are constantly changing everyday, so please independently verify any metric you use when making investment decisions. The analysis is for information purposes only and is not to be interpreted as an investment recommendation. +If true, this is good for those looking to buy. Bad for those who want to sell. The cap on mortgage interest & property tax deduction may decrease the demand for houses and increase the cost of owning. +https://www.forbes.com/sites/kellyphillipserb/2017/12/01/realtors-predict-tax-bill-will-cause-housing-prices-to-drop-in-every-state/#3b4c950030fb +I'm in my early 20’s, high income, and wondering which option is best for me. My understanding is as follows: + +For backdoor Roth, you contribute $ to Traditional IRA and then convert the entire amount to Roth IRA immediately. This allows $ to grow tax free, and allows for Roth contribution even over the income limit. + + +For Roth Conversion, you contribute $ to Traditional IRA, and then slowly convert the amount (up to 5 years before FIRE) to Roth IRA. This means less taxes paid since your income level will likely be lower. + +Which should I do if I plan to retire in ~25 years? +The parents of a University of Nebraska student who killed himself after mistakenly believing he owed $730,000 to Robinhood filed a wrongful death lawsuit on Monday against the stock-trading app. + +Alexander Kearns, 20, was trading on June 11 last year using the Robinhood app when the app suddenly put a hold on his account and showed a negative balance of $730,000. + +Alexander Kearns jumped in front of an oncoming train on June 12 after leaving a suicide note detailing his predicament at finding the negative balance. Read the full story and share your thoughts + +[https://mazech.com/2021/02/parents-sue-stock-trading-app-robinhood-after-son-killed-himself-thinking-he-owed-730000/](https://mazech.com/2021/02/parents-sue-stock-trading-app-robinhood-after-son-killed-himself-thinking-he-owed-730000/) +Saw the movie The Big Short yesterday. I enjoyed it. Are there any similar movies dealing with investing? Of course, I already saw The Wolf of Wallstreet. I'm talking less known movies. + +Cheers + +EDIT: Thank you all for so many excellent recommendations. I honestly did not expect to get 200+ comments ;) +Ok so, I’m planning to stake stablecoins on [Kraken](https://www.kraken.com/features/staking-coins), [Aqru](https://aqru.io/) and [Zunami ](https://www.zunami.io/)but I’ve been seeing a lot of FUD about USDC failing sooner or later. But, Circle CEO Jeremy Allaire responded to the USDC's concerns by providing links to multiple reports that explain how the company addresses the issues raised. According to one blog post about USDC's stability, transparency, and trust, the stablecoin is still backed by the USD and its equivalent value assets. They include cash and government obligations with short maturities (U.S. treasuries). +According to Circle's report, its total reserves are $55.7 billion, divided into two parts: $42.122 billion in Treasury bonds and $13.5 billion in cash invested in US-regulated financial institutions because ever since Terra’s downfall people have requested other stables to be more transparent and of course put stables on the edge. So, Isn’t this enough proof that USDC is proving itself that what happened to Terra won’t happen to them? +I have a lot more to say about USDC, but that will have to wait for another post. Tether, on the other hand, has received a lot of attention as a result of its de-peg following the Terra crash. The demise of the TerraUSD (UST) stablecoin has heightened interest in other tokens. Tether maintains a 43 percent market share as the leading stablecoin. Its supply has fallen by 19% since its all-time high of 83 billion USDT in early May. According to the firm's transparency report, there are currently 67 billion USDT in circulation. Tether has been embroiled in legal and financial wrangling for much of its brief existence. +There have been lawsuits over alleged market manipulation, charges by the New York State attorney general that Tether lied about its reserves, costing the firm $18.5 million in fines in 2021, and this year, questions raised by US Treasury Secretary Janet Yellen about USDT's ability to maintain its peg to the US dollar. So that’s why many people are saying that USDC is better than USDT despite USDT being more popular or well known. I also have a feeling that these recent events are why stablecoin staking is frowned upon. +if Circle or Coinbase fails, it is impossible to be certain that USDC will keep its value. +A lot of people claim Coinbase is in trouble amid rumors of a crisis. Coinbase’s Developer even cleared that they don’t have a liquidity crisis and the Co-founder said that it was just adjusting. Well because a lot of people are scared. Recent FUD is understandable. Who would want their money to go all down the drain? A lot of people even though that USDC was de-listed and won’t be available on Coinbase anymore. + +Lastly, Do you agree that if USDT fails, every other stablecoin will fail as well? Do you think Stablecoins will fail? + + +I don't think they'll go down anytime soon, but we'll see in 5 to 6 years. I just want to know your opinion and thoughts about this. +So, I have been day trading for like 2 months now. I have (unsurprisingly) been unprofitable. I don't expect to be profitable for a while, but I would still like to create a strategy. I really don't know where to start though. Currently, my "strategy" is to find stocks that went down, and when the market opens and confirmation happens buy into them with a 1% stop loss. I have been playing it safe, I know the market isn't some get-rich-quick thing. But I would still like some tips on how to develop a strategy. I don't really want a strategy outright. Idk if yall have anything, but it doesn't hurt to ask I guess. +I've been watching these funny lines and triangles in daily discussions looking for wisdom but absolutely none have predicted a drop like this and anytime the lines don't touch they're met followed with some vague predictions. Technical analysis doesn't work. You're drawing lines over past prices. +Im an IT professional + live in Sydney and really thinking of upgrading our apartment to a house. It is a goal of mine as it feels like it’s the ‘next step’. Main reasons for upgrading are: more space for WFH and my family, good schools + amenities and allocating more of our portfolio towards capital growth assets. It will take a lot of selling of my ETFs to fund the deposit. + +How has your life changed after purchasing your house? +So I put together a white paper of sorts for a study I did on safe withdrawal rates and how they're affected by market valuations. I had previously taken a more qualitative look at it ([HERE](https://www.reddit.com/r/financialindependence/comments/ajp2y4/market_valuation_and_its_effects_on_the_safe)), but I wanted to expand on the idea and actually see if it were possible to formulate a SWR forecast. Links to the paper are listed below. + +[Paper](https://drive.google.com/file/d/1yO0K96Iyc09ihjk8f6j-yZizVGVJDCvw/view?usp=sharing) + +[Excel](https://drive.google.com/file/d/17n8suK1EdGLvpuXJ_JtKRx9cF4rO0VrO/view?usp=sharing) + +In the paper, I shared my methodology as well as proposed a variable withdrawal strategy based on this new valuation approach. + +I think it's worth the read (and it's not very long with lots of pictures), but I'll share some of the findings below. + + + +**Quick Intro** + +I calculated the actual SWR for every year from 1928 to 1990. I compiled these SWR's along with the CAPE (Shiller PE) and 10 year treasury yield for each starting period, and performed a linear regression analysis on the data. The resulting equation showed good correlation (R^2 = 0.72). Refer to the paper for more details on the methodology. + +All data in the study is for a 70/30 portfolio. + + + +**Findings** + +The 95% confidence formula for SWR based on this valuation approach is as follows: + +SWR_predicted = 0.55597 × (Implied Yield) + 0.11051 × (Spread) + 0.0082319 + +where, + +Implied Yield = 0.7 × (1/CAPE) + 0.3 × (Treasury Yield) + +Spread = 1/CAPE - (Treasury Yield) + + + +**Variable Withdrawal Method** + +In the paper, I looked at one way to implement this valuation approach and compared it to the trinity study. The basis was simply withdraw the amount based on the predicted SWR and portfolio value at the start of each year. I set a withdrawal floor at the minimum of 40k or the 1st years withdrawal amount. Setting a floor is important from a practical sense as any methodology that could leave you withdrawing at the poverty level isn't very useful. + +Performing a back test, this method never failed in any 30 year period, and also reduces the likelihood of massive portfolio expansion like trinity study has in the past (1980's for example). Withdrawals taken from year to year are also relatively smooth with the variable approach. + +In the paper, I shared portfolio performance and withdrawal summaries for some interesting years: 1929, 1966, 1982, 2000. + + + +**Current State of Affairs** + +To kick off 2021, the current projected SWR is projected to be between 2.35% - 4.81% (likely a little higher after this morning). The lower bound of 2.35% ties the year 2000 as the lowest predicted SWR of all years in this study. + +Edit: + +[Here's a Google Sheets Page that Updates daily with new SWR Projections.](https://docs.google.com/spreadsheets/d/e/2PACX-1vSUXNrvC9rOjU-rurvTsS45TCW1mQ7emWLdyKLtl3Nnosc1_MG6-frp4RC3eqLqizG4zpffPczw7FV4/pubhtml) + +(Credit to u/RedditF1shBlueF1sh) +So I put together a white paper of sorts for a study I did on safe withdrawal rates and how they're affected by market valuations. I had previously taken a more qualitative look at it ([HERE](https://www.reddit.com/r/financialindependence/comments/ajp2y4/market_valuation_and_its_effects_on_the_safe)), but I wanted to expand on the idea and actually see if it were possible to formulate a SWR forecast. Links to the paper are listed below. + +[Paper](https://drive.google.com/file/d/1yO0K96Iyc09ihjk8f6j-yZizVGVJDCvw/view?usp=sharing) + +[Excel](https://drive.google.com/file/d/17n8suK1EdGLvpuXJ_JtKRx9cF4rO0VrO/view?usp=sharing) + +In the paper, I shared my methodology as well as proposed a variable withdrawal strategy based on this new valuation approach. + +I think it's worth the read (and it's not very long with lots of pictures), but I'll share some of the findings below. + + + +**Quick Intro** + +I calculated the actual SWR for every year from 1928 to 1990. I compiled these SWR's along with the CAPE (Shiller PE) and 10 year treasury yield for each starting period, and performed a linear regression analysis on the data. The resulting equation showed good correlation (R^2 = 0.72). Refer to the paper for more details on the methodology. + +All data in the study is for a 70/30 portfolio. + + + +**Findings** + +The 95% confidence formula for SWR based on this valuation approach is as follows: + +SWR_predicted = 0.55597 × (Implied Yield) + 0.11051 × (Spread) + 0.0082319 + +where, + +Implied Yield = 0.7 × (1/CAPE) + 0.3 × (Treasury Yield) + +Spread = 1/CAPE - (Treasury Yield) + + + +**Variable Withdrawal Method** + +In the paper, I looked at one way to implement this valuation approach and compared it to the trinity study. The basis was simply withdraw the amount based on the predicted SWR and portfolio value at the start of each year. I set a withdrawal floor at the minimum of 40k or the 1st years withdrawal amount. Setting a floor is important from a practical sense as any methodology that could leave you withdrawing at the poverty level isn't very useful. + +Performing a back test, this method never failed in any 30 year period, and also reduces the likelihood of massive portfolio expansion like trinity study has in the past (1980's for example). Withdrawals taken from year to year are also relatively smooth with the variable approach. + +In the paper, I shared portfolio performance and withdrawal summaries for some interesting years: 1929, 1966, 1982, 2000. + + + +**Current State of Affairs** + +To kick off 2021, the current projected SWR is projected to be between 2.35% - 4.81% (likely a little higher after this morning). The lower bound of 2.35% ties the year 2000 as the lowest predicted SWR of all years in this study. + +Edit: + +[Here's a Google Sheets Page that Updates daily with new SWR Projections.](https://docs.google.com/spreadsheets/d/e/2PACX-1vSUXNrvC9rOjU-rurvTsS45TCW1mQ7emWLdyKLtl3Nnosc1_MG6-frp4RC3eqLqizG4zpffPczw7FV4/pubhtml) + +(Credit to u/RedditF1shBlueF1sh) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I was listening to episode 42 of chat with traders podcast and I was really inspired by the guest to look into Machine Learning Algo trading. I currently trade the FX market manually but built models in Tradingview and working on automating it in MT4. Unfortunately I'm running into limitations with MT4 so I've been looking to upgrade my skillset to Python ( I have an Economics background). + +&#x200B; + +Can anyone recommend resources that they found helpful on their Machine Learning journey to algo trading ? I signed up for a course on Coursera so far. + +&#x200B; + +Episode I referred to: + +[https://www.youtube.com/watch?v=i8FNO8r7PaE](https://www.youtube.com/watch?v=i8FNO8r7PaE) +Hi everyone, unfortunately, [Quantopian is shutting down](https://www.quantopian.com/posts/quantopians-community-services-are-closing), so I would like to provide an alternative. I've personally started with Quantopian, however, I could not figure it out (possibly due to my lack of Python knowledge), so I later tried QuantConnect and found greater success, as they have a [BootCamp](https://www.quantconnect.com/terminal/#bootcamp) and free [Udemy Course](https://www.udemy.com/course/quantconnect-boot-camp-in-python/) that holds your hand through their platform. They also have an active community and paid staff who will answer your questions on their [forum](https://www.quantconnect.com/forum/discussions/1/interesting). + +In addition, QuantConnect has an inhouse research team that converts papers into code, and these implementations can be found in their [Strategy Library](https://www.quantconnect.com/tutorials/strategy-library/strategy-library). I have an updated list of a few mathematically driven implementations [here](https://github.com/shilewenuw/AlgorithmsWithWriteups). A playlist for a few original ideas can be found in this YT [playlist](https://www.youtube.com/playlist?list=PLD7-B3LE6mz7_H1xzHiy1J8whTgnQK7nJ). + +Some additional notes about QuantConnect + +* All backtesting and data is free, just like Quantopian +* Supports live trading (rare among competition) for $28/month +* Engine is also open source ([Lean](https://github.com/QuantConnect/Lean)) +* Supports Python and C# +Hi, I'm turning to algo trading (yet to start) after losing quite a substantial amount of money. I've watched a few vids and I came across these costs... + +Live Data Feed - $12/mth + +Ninjatrader Lease - $75/mth + +VPS - $50/mth + +Total - $137/mth + +Is that the average cost to set up algo trading? (code, backtest, automated trade execution) +Maybe not value investing related per se, but I figured this would still be a good question to ask on this sub. + +Something I've been thinking about is whether the majority of 'investors' - or people in general - were right on an investment. I can't think of an example myself; if anything, when the masses are bullish on an investment it eventually will fail. + +Have been thinking about this considering say Bitcoin and Tesla. For the latter I know that the valuation is very much so out of line with the actual fundamentals. Someone is trying to convince me on Bitcoin but that's when I thought about this. + +So, is it very unlikely that the masses will be right about an investment? What's your opinion on this? +Peter Lynch, in his books, recommends calling a company's investor relations department to ask questions and learn something new if possible. Many public companies have an investor relations segment on their website. I was wondering anyone still calls the companies anymore? I could imagine you may be able to glean some interesting info from a real human call instead of what is just on the website. +If you’re looking for a likely ~10% Magnachip (MX) is being bought out by Wise Road Capitol. I believe anything under about $26.10 would be 10%. The close is said to be halfway through 2021. + +Just figured someone might be interested. + +[If you want to read about it heres a link](https://m.benzinga.com/article/20358389) +Hello, this is my first time doing a value investor type valuation of a company, and I'd like some feedback on whether I'm thinking about this the right way. Feel free to agree or disagree with me as you see fit, but please more than anything, critique my thought process and reasonings. This seemed like an easy/straightforward company to evaluate, so I decided to do a relatively complete analysis even though I decided fairly quickly I wasn't interested in investing in it. Additionally, if you have a question and you think it's a result of me omitting important information, that's good feedback to me too. + +The main things that caught my eye that I thought warranted a deeper dive were recent insider buying, and a very attractive balance sheet. + +**Company background** + +* Futurefuel is a manufacturer of chemicals and biofuel products. Current market cap 354m (stock price \~8.10). +* \~25% of revenues over the past 12 months are from chemical manufacturing. + * 70% of chemical revenues come from 5 customers. + * Chemicals sold are generally custom made for a customer. + * Most custom chemicals are done on a 1-year contract basis. +* \~75% of revenues over past 12 months are from biodiesel manufacturing. + * Biodiesel manufacturing is highly competitive, with companies competing on cost. + * "Potential demand from additional customers for biodiesel exceeds our production capacity"\* - 8/9/2021 10-Q. + * Most sales are done in CA due to favorable legislation which encourages use of biofuel. + +\*I included this note because 24m of the current 53.5m reported inventory is finished goods. My thinking is that in the worst case scenario where the company has to liquidate, I'm comfortable using full value of inventory as part of the valuation since it should be fairly easy to sell for market price per this comment. + +**Insider buying** + +A director has made three different purchases of 10,000 shares each from 06/21 to 08/21 at stock prices of 7.95 to 9.66. + +**Balance sheet** + +* 98m cash to 85m total liabilities. +* Total assets of 342m to 85m liabilities for net book value of 257m. + * I like the assets. 98m cash, 31m receivables, 53m inventory, 17m tax receivable, 46m marketable securities, 87m PPE accounts for 332/342m. + * I ballparked a bottom floor value of assets at 182m. Adjustments included using 80% of receivables, 50% of PPE, and 80% of the miscellaneous assets that fell outside the ones mentioned in above bullet point. + * My non-scientific adjusted "floor" net value would be 182m. +* Total noncurrent liabilities of 25m. +* Most liabilities are AP or similar. + +Summary: cash-rich, virtually no debt, majority of assets are tangible and reasonable to assume would fetch the reported value, with the exception of PPE. Most property is in north-central Arkansas, not exactly prime real estate. As discussed below, heavily impacted by Winter Storm Uri, which I would assume makes this a fairly unattractive area to do business. Also, presumably much of this equipment is well-used although I'm not sure how to find out the total accumulated depreciation of equipment. If there's a way, please let me know. + +**Income statement** + +* \~15% sales increase YoY from 1st half 2020. + * Several significant custom chemical customers in businesses heavily impacted by COVID (auto, energy). +* \~45% COGS increase YoY from 1st half 2020. + * Winter storm Uri had substantial impact on business operations. Natural gas costs 8m higher than prior year as a result of Uri. Production curtailed to try to control gas costs. + * Currently disputing February natural gas bills, pending AG of Arkansas investigation of natural gas suppliers as a result of practices during Uri event. +* 15m operating loss vs 13m operating profit 1st half 2020. + * \-8m impact from derivative instruments. +* 5m net loss vs 34m net income 1st half 2020. + +Net income increased from 23m in '17, to 53m in '18, to 88m in '19 before dropping to 47m in '20, mostly as a result of effective cost management. The double whammy of COVID and Uri has had a significant negative impact, and there's not much reason to doubt the company's ability to return to operating profitability in the near future. + +**Cash flows** + +* CF from operating activities of -2.3m vs 84m 1st half 2020. +* YTD FCF of -2.8m. (-2.3m CF from ops - .488 CAPEX - .06 interest expense). +* Average FCF of 59m (high of 92, low of 28) '17-'20. + +So, the company has a history of fairly solid FCF that was disrupted by virtually everything that could go wrong, going wrong in the last 12-18 months. + +**Painting a picture: the bull case** + +In recent years, management has done a good job in managing operating costs (within their control), and will continue to do so for the foreseeable future. The company has a history of generating solid FCF. When auto manufacturing ramps back up in early 2022, chemical product customers will return and drive up sales and profit margins. The country will continue to trend towards greener energy, increasing biofuel demand and profitability. 2020-2021 struggles are mostly attributable to bad luck (COVID, Uri) and the company easily has the resources to survive into 2022 when demand will ramp back up. Current valuations make this an attractive opportunity for the company to buy back shares. Management has been acquiring shares recently, a sign of confidence in the company's future. YoY sales growth despite challenges has demonstrated considerable resiliency. + +**Painting a picture: the bear case** + +The company's revenue is highly dependent on legislation; if CA were to change legislation in a way that dis-incentivized biofuel usage, a large portion of revenue would be compromised. As-is, biofuel is a highly competitive industry with companies fighting to produce the lowest-cost product. Chemical product customers lost/reduced demand due to COVID may not return. Winter Storm Uri may be the first of many such instances of disrupted power/increased power costs, particularly as climate change effects become more pronounced. + +**Ballpark valuations** + +If I were bullish, I'd use full book value of 257m. I'd assume this year will turn FCF positive (say return to the recent low of 28m) before bouncing back to average of 60m next year, and slight growth to 65, then stabilizing at 70 for the next two years. That'd give a PV of 166m for those 5 years of cash flows at a 20% discount rate. That'd give me a valuation of 423m, which would indicate the company is currently undervalued. + +For a more moderate valuation, I'll use a valuation of 220m, and anticipate FCF of 30, 60, 60, 60, 60 over the next five years. PV of 154m at 20% discount rate for a valuation of 374m - in the ballpark of current price. The eventual return to operating profitability certainly seems to be reflected in the current price. + +For a bearish valuation, I'd just use my floor current value of 182m. + +**My conclusion** + +I don't think this is a bad/overvalued company, but I also don't think it's either significantly undervalued, nor does it seemingly have much growth potential. There's virtually no chance of it going bankrupt anytime soon, but there's also nothing that indicates it does anything special that a better company couldn't come along and take its customers. I do like its chemicals business model of manufacturing custom products on 1+ year contract basis. It's something that indicates stability and potential to develop good, long-term relationships with customers, which is a meaningful business advantage. What I really don't like is that most of its revenue comes from a product where it has to compete on cost, product costs and demand are fairly volatile, and a lot of the upside is tied to legislation and alternative energy source costs. My crystal ball says that without significant change to its business, there's no reason for it to deviate from the $8-10 range, even if things do pick up going into 2022. +Hey guys any thoughts about Alibaba (BABA)? The company has been a strong growth beast, consistently increasing revenues, profits and cash flows over the years. They are diversifying their business and have a strong growth in cloud computing now. The stock price has been beaten down because of the Chinese regulations slapped on big tech companies and the abrupt halting of the IPO of Ant group. I picked up some shares earlier this year and recently added some more after the stock dropped quite significantly from close to $320 to under $260. The P/E multiple is still kinda high for a value investing style proposition, but I guess the future growth of the company offsets that requirement in my opinion. Any thoughts? +[Intro Picture](https://imgur.com/a/HZvHKv4) + +**Introduction:** + +Long time no see! This company was originally shown to me by u/captnamurica2 and u/DueDilligenceTraderI which led me to take a deeper look into this company. Ultimately, I ended up selling a put at $20 in this company, but I think that while it has some potential in the future there is obviously risk when investing. The leveraged balance sheet and acquisition model may work if management makes good investments, but we will see how this all plays out over the coming years. + +If you would like to watch my Youtube video explanation click [here](https://youtu.be/4gNVqOHlqAI). + +If you would like the article with pictures click the Substack link [here](https://joshsinvestmentideas.substack.com/p/is-death-an-opportunity). + +*Disclaimer: I currently sold a put contract for CSV.* + +**CSV - Carriage Services, Inc:** + +“Carriage Services, Inc. is a leading provider of funeral and cemetery services and merchandise in the United States. Our operations are reported in two business segments: Funeral Home Operations, which currently account for approximately 70% of our revenue and Cemetery Operations, which currently account for approximately 30% of our revenue. At September 30, 2022, we operated 169 funeral homes in 26 states and 31 cemeteries in 11 states. + +Our funeral home operations are principally service businesses that generate revenue from sales of burial and cremation services and related merchandise, such as caskets and urns. Funeral services include consultation, the removal and preparation of remains, the use of funeral home facilities for visitation and memorial services and transportation services. We provide funeral services and products on both an “atneed” (time of death) and “preneed” (planned prior to death) basis. + +Our cemetery operations generate revenue primarily through sales of cemetery interment rights (primarily grave sites, lawn crypts, mausoleum spaces and niches), related cemetery merchandise (such as memorial markers, outer burial containers and monuments) and services (interments, inurnments and installation of cemetery merchandise). We provide cemetery services and products on both an atneed and preneed basis.” [Q3 10Q Filing Pg.8](https://www.sec.gov/Archives/edgar/data/1016281/000101628122000120/csv-20220930.htm) + +Carriage Services Inc. is one of the largest companies within the funeral home space and they grow through acquisition of high quality, privately owned funeral homes. Currently they operate only in the United States as they look for new funeral homes to acquire. + +**Carriage Services Inc. breaks itself down into the following segments:** + +***Funeral Home Operations*** + +“Our funeral homes offer a complete range of high value personal services to meet a family’s funeral needs, including consultation, the removal and preparation of remains, the sale of caskets and related funeral merchandise, the use of funeral home facilities for visitation and remembrance services and transportation services. Factors affecting our funeral operating results include, but are not limited to: demographic trends relating to population growth and average age, which impact death rates and number of deaths; establishing and maintaining leading market share positions supported by strong local heritage and relationships; effectively responding to increasing cremation trends by selling complementary services and merchandise; controlling salary and merchandise costs; and exercising pricing leverage to increase average revenue per contract.” - [10Q Q3 2022 Pg.42](https://www.sec.gov/Archives/edgar/data/1016281/000101628122000120/csv-20220930.htm) + +***Cemetery Operations*** + +“Our cemeteries provide interment rights (grave sites and mausoleum spaces) and related merchandise, such as markers and outer burial containers both on an atneed and preneed basis. Factors affecting our cemetery operating results include, but are not limited to: the size and success of our sales organization; local perceptions and heritage of our cemeteries; our ability to adapt to changes in the economy and consumer confidence; and our response to fluctuations in capital markets and interest rates, which affect investment earnings on trust funds, finance charges on installment contracts and our securities portfolio within the trust funds.” - [10Q Q3 2022 Pg.42](https://www.sec.gov/Archives/edgar/data/1016281/000101628122000120/csv-20220930.htm) + +From the Q3 10Q: + +[Funeral Home Segment](https://imgur.com/a/gMhrtfp) + +[Cemetery Segment](https://imgur.com/a/LoFIbnB) + +From 2021 10K: + +[Funeral Home Segment](https://imgur.com/a/d3zqNJL) + +[Cemetery Segment](https://imgur.com/a/UhuKGL1) + +**Financials:** + +* Total Revenue TTM as of Q3 2022: $372M - [Revenue TTM Screenshot](https://imgur.com/a/P5jmndE) +* Profit Margin has been floating between \~8% - 12% over the last few years - [Profit Margin Screenshot](https://imgur.com/a/lL51qJ0) +* Current P/E: \~8.8 - [PE Screenshot](https://imgur.com/a/cYmbS8j) +* EV/EBITDA: \~8.91 +* Current Cash as of Q3 2022: $821,000 +* Total Debt as of Q3 2022: $567M - [Total Debt Screenshot](https://imgur.com/a/IEYGicm) + +**Industry** + +* One of the largest demographic shifts is the baby boomer’s shift from working age to retirement age along with Gen X being part of that aging population. The CDC estimates that the average life expectancy within the United States is around 75 - 77 ([link](https://www.cdc.gov/nchs/pressroom/nchs_press_releases/2022/20220831.htm)). Along with one of the largest generations passing away, they are also the wealthiest which means they can afford the funerals and/or cemetery costs. This generational shift both age-wise and wealth-wise will mean a lot of changes will be coming in the future. [CSV Industry Screenshots](https://imgur.com/a/c1FXXeS) +* Covid-19 definitely accelerated the growth in deaths and the sales from the funeral industry overall. Maia Research expects gross profit to hit 18.512B in 2025 as seen in the chart below([link](https://news.wfuneralnet.com/en/funeral-market-forecast/)): [Death Forecast Chart](https://imgur.com/a/KSLfpSx) + +**Strengths:** + +Market Share and Moat + +* The funeral industry is very segmented which is why companies like CSV or Service Corporation International(SCI) are able to gain market share through acquisition. While SCI is the largest consolidated company within this market, CSV is one of the next biggest players in this space. CSV is focusing on acquiring high-quality, cash-flow generative businesses that have good management. This means that while CSV isn’t making as many acquisitions as it could, the acquisitions that they do make are of higher quality. This leads to long-term growth in sales and cash flow. [Market Share Screenshot](https://imgur.com/a/vfHSYmD) +* One point to add as well is that it is not easy to simply buy the land and set up newer funeral homes in key markets. This is why CSV is deciding to acquire and add on/renovate when needed rather than buying the land and beginning to build on it. This helps with ensuring that other funeral homes and cemeteries cannot just be built around it. + +Funeral Home Same Store Contracts by Quarter + +* When it comes to same-store performance, you can see in the chart below that 2020 and 2021 had the largest same-store sales. Unsurprisingly, the pandemic elevated the amount of the population that passed away than was typically seen within the previous quarters. In the chart below you can see that 2022 is currently trending lower than 2020 or 2021, but is remaining above the 2018 and 2019 quarters. This continued growth has been seen over the years especially as they continue to acquire new businesses. [Funeral Home Same Store Contracts by Quarter](https://imgur.com/a/yPg7AN7) + +Mel Payne’s Ownership + +* Most of the time I don’t mention the inside ownership in these write-ups because I don’t think they add too much from the business overview, but since Mel has been leading this company I figured it would be important to mention it. He currently owns roughly 8% - 9% of the company’s shares and he makes decisions from the perspective of someone who is not only leading this company but actually has a stake in the company’s financial well-being. This type of leadership has led to Mel viewing CSV as a mini Berkshire where he lets the individual managers make decisions on their locations. This works best because those managers will know what best fits their locations while being able to leverage the larger company’s knowledge and be able to create cross-collaboration of learning across the corporation. Also, he believes in buying back shares only when the company is seen as undervalued which is sadly abnormal in most companies today. However, he acknowledged that he should not have used debt to repurchase their own shares over the last 1 - 1.5 years. + +**Weaknesses:** + +Financial and Operating Leverage + +* One of the largest risks that I think is imperative to understand is the leverage of this company. As it stands the Total Debt to Consolidated EBITDA was 5.14x which is definitely elevated from past times. Part of this sudden increase in debt is due to some recent and ongoing acquisitions that are currently in the works. Another part of the debt increase was due to using that cash to repurchase stock at what Mel believed was undervalued. Recently, management has announced steps to reduce this leverage and ensure that they stay financially sound. Their goal is to reduce that leverage ratio to 4.0x - 4.3x by the end of 2024 ([link](https://investors.carriageservices.com/news-releases/news-release-details/carriage-services-announces-high-performance-and-credit-profile)). They have deleveraged quickly in past times so the proven track record is there, but it is still important to track this deleveraging as it happens. + +Cremation Rate + +* Another risk that I foresee is the use of a formal funeral versus cremation for people who pass away. As you can see in the screenshot below the average revenue per contract is less than the funeral contracts. While it is not surprising that people may move towards the cheaper option it is still a trend that may impact the business. The National Funeral Directors Association put out a report in 2021 that forecasted that the national cremation rate may reach 80% in 2035 ([link](https://www.us-funerals.com/2022-us-cremation-rate/)). [Funeral vs. Cremation Sales Screenshot](https://imgur.com/a/ejuCPfn) + +Bad Acquisitions + +* Since CSV’s operating model is currently to acquire good businesses that have good management it always runs the risk of making mistakes during these acquisitions. This may seem like an obvious risk, but it is important to read the press releases and management comments about each acquisition since the newer companies will likely be larger so they can move the needle. This important piece of these acquisitions is sustained growth rather than just a near-term increase in sales with a long-term drag on the financials. + +**Intrinsic Value:** + +Link to discounted cash flow [here](https://docs.google.com/spreadsheets/d/1mzcr8_l3JMxAeP428PUcKUNTMEz-Wa8hxUzUD_t-sE8/edit?usp=sharing). + +[DCF Screenshots](https://imgur.com/a/LOMOVK7) + +**Why I sold Puts:** + +I like the intrinsic value to be around $26 and with a 20% margin of safety, I get $22.40. I decided to go ahead and sell puts at $20 which expires on July 21st, 2023. This will allow me to lock in a buy price while receiving some premium for waiting. The downside is that if the fundamentals were to change or if the stock price were to fall significantly below I am locked in to be put the shares at $20. Now overall my total premium for both contracts is $184.32 with a potential $2,000 being built out if the stock price goes to or below $20. I really hope it goes slightly below so I can be put the shares, but I won’t bank on it happening. My plan is to get into this company with puts and hopefully get out of it years from now by selling calls. This will lower my overall cost basis and be useful to generate some cash while waiting for deals. Part of the risk with the selling puts is that the contracts tie up $2,000. This could mean some opportunity costs for another deal, but I will continue adding cash to hopefully avoid any opportunity cost issues. + +[Sold Put Screenshot ](https://imgur.com/a/4XvPV4i) + +**Conclusion** + +In conclusion, I like an opportunity to buy the shares at $20 and I am willing to wait a while if they ever get down to the strike price. As always, there is risk involved with selling a put contract rather than buying the shares outright. I am personally willing to fit that risk/reward into my portfolio and I like the future of this company. A big component of the company that I plan to keep an eye on is the debt to EBITDA to make sure that management is following its laid-out plans to lower the leverage. +Foot Locker appears to be one of those stocks which are relatively easy to understand and beaten down due to fears of online ecommerce and over reliance on Nike. However, revenue appears to be growing slowly with buying back of shares consistently. Outlets with poor sales also seem to be closing with the number of outlets dropping over the years which has not affected their revenue. + +And finally i would love if you guys could share with me whats the general consensus about foot locker in the states? +Let me try to play a ~~EMT~~devil's advocate. + +Probably everybody here has read Peter Lynch or at least heard about him. One of his arguments was that retail investors have many edges against institutional money because of constraints and biases of the latter. + +Now, taking the retail community as a whole, which is trying to exploit those inefficiencies. Why do you think inefficiencies have not gone away, and why you can still beat the market, considering the fact that we are trying to exploit the same subset of securities, which big money rejects? +Hi all. I’ve been studying up on how to calculate levered free cash flow. I feel it’s a more solid cash flow to use versus just normal free cash flow because this is basically means the company has paid everything in order to stay afloat. + +So the formula for levered free cashflow I found is LFCF=EBITDA-Net working capital-capex-mandatory debt payments. + +Herein lies my questions: +1. If Net working capital=current assets-current liabilities, what happens when it’s negative? Do I minus a negative for the LFCF formula (ie add the value)? + +2. What would you consider mandatory debt payments? Is there a specific set of items I can refer to? Is there a specific item or section in the sec filings I can look for? + +Thanks in advance for everyone’s insight! +Do you think compagnies use their intangible assets to hide their debt? + +I checked the financials of a successful private company from my hometown. They recently have opened a couple of stores internationally. + +But something doesn't seems quite right. The net income is 2.7 billion, yet total liabilities is 19 million ! +I suspect they try to hide their debt by inflating their intangible assets, since they are valued 4 times the tangible assets (they sell tangible good only, their only real tangible asset should be their brand). + +What do you think? Is it a common practice for compagnies to try hiding their debt to the bank by overpricing their assets? This way it would look like they have enough to cover their liabilities, even though their intangible assets are illiquid. + +I'd love to know what you think of this theory. Since I'm a begginer investor, I'd like to avoid falling for accounting tricks. +In late 2019 and after the initial crash in 2020, I purchased approximately 40 different stocks and ETFs without knowing what I was doing. + +A year later, I'm up 16% overall, with only 2 that have significant losses. + +I know my buys were off-the-cuff, under-researched, over-priced, and whatever other hyphenated negative terms you can come up with. + +Do I sell, take my profits, pay the taxes, and start over again using better methods or do I just hold what I have hoping that over time they'll eventually be worth the price (Shopify in approx. 400 years, Square in 779 years....we have a 1074 P/E for Tesla?? Really??!) + +If I do sell, what do I do with the money in the meantime while looking for the right opportunity? I assume leave it in cash? + +thanks! + + +Hello from SuperstonksQuants (HomeDepotHank69’s quant group)! For those of you who were not around, u/HomeDepotHank69 posted a series of excellent quant posts a while ago, and formed a group of quant-oriented apes to tackle some difficult questions. His account is now deleted, but we’re trying to keep his spirit alive. Some of us (including myself) have not been active for a few months for a variety of reasons, but there are still a lot of wrinkles there working. I found out recently that my original post on statistics was removed, so I’d like to post an updated version here. + +But first, I want to quickly remind everyone to keep up your privacy! Several of my fellow quants got ‘attacked’ on social media after they posted some personal information. As far as I know, nothing too serious has happened, but as we get closer to MOASS they might start using dirtier tactics. + +***Tldr****: Standard correlations (Pearson, Spearman, etc.) are misleading when trying to compare stocks. We found a fairly simple way to fix the issue by transforming the data using differencing first, then running cross-correlations or rolling correlations on the transformed data. A fellow quant ape,* u/orangecatmasterrace*, created a shiny app so everyone can compare tickers without needing any coding experience:* https://orangecatmasterrace.shinyapps.io/stonk\_app/ + +&#x200B; + +This is a longgg post, so here is a table of contents of sorts: + +*1. Introduction to statistics* + +*2. Standard correlations* + +*3. Major issue with standard correlations when looking at stocks* + +*4. Removing autocorrelation from the data* + +*5. Proof of concept* + +*6. Rolling correlations (not included in my original post)* + +*7. Tool so you can do it without any coding!* + +&#x200B; + +This is not only my work, but of many other SuperstocksQuants members (particularly u/orangecatmasterrace, u/xpurpleamyx, and several more that requested to remain anonymous). My qualifications - I teach statistics at the university level. + +Now, on to STATISTICS! + +**Introduction to statistics** + +One major strength of apes is our determination to find the truth from actual data, not relying on fb posts from our uncles. Statistics is just a method for working with data, and to answer the question, *how confident are you in the effect*? This is a big deal when you are making claims about worldwide illegal activity, so we want to make the tools available to all apes. + +I am on the low-level analysis side, and wanted to bring you all up to speed on how to answer questions like: *Is X related to Y?* This is one of the most common types of questions we receive, so that is what I have been focused on. It turns out, this is more complicated to answer than you might think. If you google how to see if two stocks are related, even Yahoo Finance will tell you to run a correlation. *Standard correlations are misleading due to the type of data we are working with.* + +That being said, I will start with the most common type of correlation, the Pearson’s correlation coefficient, so we can talk about stats in general and then move on to my recommendations on what to use. + +**Standard correlations** + +A correlation is used when you have two continuous variables (like two stocks), and you want to see if they are related. The standard correlation combines two things: how well the two variables move together (covariance) and how spread out the data is (variance). THIS IS AMAZING, correlations are seriously clever. However, every statistical analysis comes with assumptions (the fine print) that even peer reviewed publications sometimes miss. + +The most common correlation analysis is a Pearson’s correlation coefficient. When you run a Pearson’s correlation, you get two numbers labeled *r* and *p*. The *r* is a value between -1 and 1, the absolute value of which reflects the strength of the relationship, and the sign indicates the direction (positive – as one variable increases, the other increases; negative – as one variable increases, the other decreases). Here are some visual examples (the x and y axis are your two variables, such as GME and XRT). + +&#x200B; + +[Source: https:\/\/statistics.laerd.com\/](https://preview.redd.it/7asf8iottpe81.png?width=575&format=png&auto=webp&s=ae71c363ec7d3c673082c22e7716f5b13d96b8ec) + +As we can see, when two variables move together, their *r* is large (left graphs) and if two variables are not related, then *r* is close to 0 (right graphs). + +From your *r* and the size of the dataset, you can get a *p-value*. This is a value you get from most statistical analyses (not just correlations) that answers that question I mentioned above, *how confident are you*? The *p-value* is a number that ranges between 0 and 1. The lower the value, the more confident you can be that the effect exists. For correlations, the lower the value the more sure we are that the two stocks (or whatever) are related. + +In more detail, the *p-value* is the probability that you found the effect due to chance (sort of). That is, there is always some probability that two stocks will vary together just due to random chance, rather than because of some underlying market manipulation. The *p-value* helps us find that probability. + +As your *r* gets farther from 0, the smaller your *p* is likely to be. In the graph above, you would find the lowest *p-value* for the two graphs on the left, slightly larger for the two middle graphs, and a *p-value* close to 1 for the two graphs on the right. + +**Major issue with standard correlations when looking at stocks** + +Let’s try some real data. If I look at the Pearson Correlation between GME and the popcorn stock, I find r = 0.71, p = 2.2 e -16. That’s a p value with more zeros than I even thought possible! Now let’s look at something that should not be correlated, GME and SPY (r = 0.78, p = 2.2 e -16). They are basically the same. They are so similar I had to continually check my code. This is certainly not true for all stocks, I just found it to be a good example. \[Note: these values are from my original post and may have changed slightly since then\] + +*Why might this be?* + +All statistical analyses come with fine print, or **assumptions**, that must be met for the analysis to work. At the bottom of this linked page, there is a nice list of the assumptions for Pearson correlations, along with explanations: https://statistics.laerd.com/statistical-guides/pearson-correlation-coefficient-statistical-guide.php + +*The biggest issue with stock data is it breaks the independence assumption (assumption 3).* The independence assumption basically says that each observation within a variable should be independent of other observations in the same variable. + +If we return to the correlation figure above, typically each ‘dot’ or each data point comes from one ‘participant’. For example, say I have 15 apes and an all-inclusive banana buffet. I measure the size of each ape and how many bananas they eat. I’d likely see something similar to the upper left graph (the larger the ape, the more bananas they eat). A crucial aspect of data like this, is that the number of bananas eaten by one ape does not depend on the number of bananas another ape has eaten. That is, one dot or one data point does not depend on another. + +In stock data (or crypto), this is not true. The opening price on one day depends on the price on a previous day. This type of data is called *time series data*, which just means it changes over time. One way statisticians talk about this is called *autocorrelation*, which is simply that data points in a variable are correlated with others in that variable (it is correlated with itself). + +\[DISCLAIMER: I am not an expert in time series data. I have been doing a lot of research lately to try to catch up. If anyone has a better method than the one below, please let me know!\] + +**Removing autocorrelation from the data** + +There are a few ways to deal with this, but we ultimately decided to remove the autocorrelation from the data and do our statistics on the result. The methods used are not developed by us. They were found from an excellent graduate student statistics class at Penn State (https://online.stat.psu.edu/stat510/lesson/1) and from this online text book by Rob J Hyndman and George Athanasopoulos (https://otexts.com/fpp2/index.html). + +We tried A LOT of different methods (filtering data through ARIMA models, transforming data using various functions, etc). The resulting data from many of the methods could only be used specifically for correlations, and there are a lot of other tests we want to do. We decided on a simple transformation that does a great job (though not perfect), called differencing. The result will sometimes have small autocorrelation left in the data, but it is simple, clean, and hopefully I will convince you that it works for our purposes in the next section. + +Differencing is typically used to stabilize the mean of a time series, so you can focus on fluctuations (what we are interested in). It is a transform where you subtract the previous observation from the current observation for all data. So difference(t) = observation(t) – observation(t-1). There is a lot more to discuss about this, and I would be happy to answer questions, but here I want to move on to the evidence that this method works (this post is long enough as is). + +**Proof of concept** + +Before showing the proof of concept, I want to go over one additional issue with stock data, that the relationship might be delayed in time. For example, if I thought Put OI was related to changes in GME price, that relationship might be delayed a day or two (e.g. high put OI on day 1 results in a change in GME price on day 3). In statistics we call this lag. To check for lag, I use cross-correlation, which is basically running correlations on the two variables while adjusting the lag. The graphs I’m about to talk about all use cross correlation. + +Now to proof of concept. If you’ve stuck with me so far, congrats! I know this is a lot. + +Let’s look at some graphs. On all graphs below, the left panel shows price data, and the right shows the cross-correlation results. The results are shown as a bar graph with lag on the x-axis (days in this case) and Pearson’s correlation coefficient (*r*) on the y-axis. If a bar crosses the horizontal blue line, it is significant at the *p* = 0.05 level. + +To help with interpreting the data, I messed around with the mini squeeze from GME in January (happy anniversary!). The following is correlating that data with itself with different lags/transformations, which means that the *r* = 1 in every result. + +https://preview.redd.it/0l40iqniwpe81.jpg?width=1280&format=pjpg&auto=webp&s=036f994ac014c05a61b39301f2674881fc115fdc + +Let’s take this one at a time. In the first set, No lag (pos), the two time series are perfectly matched, so we see a large positive r at lag = 0. Likewise for the No lag (neg), but now the time series are exactly opposite from one another, so we see a large negative r at lag = 0. The bottom three sets adjust the lag between the two time series. As we adjust it, we see the largest r at different lags (seen as the large bar at lag = 10 or -10). For all of these, lag indicates the number of days. That is a high r at lag = 1 means the two stocks are related to each other offset by one day. + +Coooool cool cool so we know the method (difference the data, then run a cross correlation) captures lag with idealized data, now let’s look at how GME relates to the popcorn stock and SPY like we did with standard correlation to see if all this work is actually worth it. As a reminder, a standard Pearson’s correlation found an extremely strong relationship between GME and popcorn stock (as expected) as well as between GME and SPY (not expected). + +https://preview.redd.it/7tvpbtaexpe81.jpg?width=1280&format=pjpg&auto=webp&s=311b17b2a49f709c26e524de08cf393c4d529743 + +This is what I was hoping for! GME and popcorn stock show a strong correlation at lag 0, yet GME and SPY show very little correlation across the time period. I tested a bunch of other stocks (and simulated data) that shouldn’t be related, so now I feel confident that the method works (if you want more information, please let me know). Here are some additional comparisons I made in my original post just as examples (have not been updated): + +&#x200B; + +[Question 1 from \/u\/homedepothank69](https://preview.redd.it/pkxv9latxpe81.jpg?width=1280&format=pjpg&auto=webp&s=80c7e6e94aee8bd28a3e0483a77bcbd68e8c103b) + +**Rolling correlations (not included in my original post)** + +So far the technique works pretty well to answer the question, *are X and Y related*? Another question you might want to ask is, *at one point in time did X and Y become related*? The hedgies use a crazy amount of BS to manipulate stocks, and they seem to change their strategy fairly regularly, so it’s good to know at what time they use one technique or another. This is where rolling correlations come in. Basically, you run a correlation for data between day 1-20, then you run it for data between day 2-21, and so on. In this way, we can find roughly when the two became related. + +**Tool so you can do it without any coding!** + +A fellow quant ape, u/orangecatmasterrace, is a wizard at shiny apps and converted our code into an easy to use browser app. Here is that link, as well as his original post on correlations: + +https://orangecatmasterrace.shinyapps.io/stonk\_app/ + +https://www.reddit.com/r/Superstonk/comments/o1a73z/hi\_apes\_we\_need\_to\_about\_a\_little\_thing\_called/ + +All data is scraped from yahoo finance when you enter the request, so the data is always up to date. As discussed above, the data is differenced first before running the analysis. They used the code for a rolling correlation, so you can enter any ticker over any time period and find out when they became correlated (if ever). Here is just one example, GME vs. popcorn stock: + +&#x200B; + +https://preview.redd.it/gyvpyviiype81.jpg?width=1889&format=pjpg&auto=webp&s=02d03694c4686d678dbce014020ebde313e8d303 + +On the left you can enter any tickers you want to compare, as well as the date, along with other preferences. On the right are the results. The top shows the price of the two tickers, and the bottom shows the r value across different dates. So GME and popcorn were not related at all until the mini squeeze in January. After that, they have remained correlated for the whole year. + +I won’t discuss any speculation on what all of this means, rather the purpose of this post is to make sure you have the tools necessary to answer the questions you want. I hope all you lovely apes will share any interesting relationships you find! +Right now I’m deliberating on whether to go to Columbia (without much aid). I would probably graduate with quite a high amount of debt. My question is should I go to a state school, graduate debt free, and be on my way to FI instead? I can’t seem to justify the tuition of this school cost wise in my head. I plan on going into software engineering, ibanking, or consulting either way. What do you guys think? + +EDIT: Getting a lot of replies to this and reading every one! I just want to say I love how supportive the community on here is. +Does anyone else out there feel like they are living paycheck to paycheck even when they aren’t spending much money on entertainment or ”wants”? I feel like all my money goes to rent,food, and gas which leaves maybe $200-$300 left over each month which is quite pathetic to me but is this the reality we live in nowadays? I put 12% into retirement and rarely spend money outside of the items needed to live but it still seems like it’s never enough…. +I know the 1 to 1.5 risk reward ratio but when I book my profits at 1.5 the stock just keeps going in my favoured direction and I always feel like I'm leaving money on the table. +So, I keep looking at the two, and O is more than triple the price of QYLD but for only two cents higher payout. But when I come here, everyone seems to be bashing QYLD and loving O. + +So I am assuming that I am missing something. Why O over QYLD? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Is this a reasonable thing to do? I'm surprised there isn't more post on here about this update. From what I understand the transition to POS will begin with this update. Which should inspire some large investors to hold their money in Ether. More money in market cap would mean an increase in price. It will affect miners, but really what it comes down to is the amount of money people are willing to pay per Ether. If holding it will make you money I see it as a no brainer. + +Not to mention the other planned upgrades to security and anonymity. +I’ll be eligible for a full pension equivalent to about $80,000/year in today’s dollars when I retire. Assuming a SWR of 3%, that pension has a value of $2.6M. Would you add that value into your overall net worth? I’ll definitely be adding the annual payout to my SWR calculations for my passive income. +Brief background - married couple living in a city for a long time, away from each other's respective families across 2 other cities (each side of the fam fairly far away from each other). We have settled in this neutral ground for a long time (which we love), always traveled to see our families or bring them here with no issues in the past (which they also loved when visiting). Our plan was once we fatFIRED, to eventually bring people closer to us (assuming they would want to of course, not forced, and they were open to the idea). + + +Long story short, we reached fatFIRE, and started working on our long term plans such as buying dream home/kids etc. After all this was put in motion however, due to the fatFIRE status, now one side of the family is putting INTENSE pressure for us to move to their city- which we don't want to do for a myriad of reasons, but they don't seem to care/think of our reasons as valid. Their logic has now changed to "oh since you are fatFIRE now, then you can definitely come here with no issues." It has gotten to the point of no contact/ultimatums, which is insane to me, as we have always had every intention of accommodating them/giving them whatever is needed to make it work (houses, comfortable flying situation, even considering retirement plans for them, whatever it takes). + + +Anyone in a similar situation have any advice/creative solutions/etc?  + + +Our original idea/potential solution was to buy multiple residences for ourselves and them across both places, have them come and go as they please, which is still a VERY hard sell right now. Another tricky part would be when kids are involved. Have any of you guys dealt with having to split time between 2 major cities (eventually with school-age kids)? +"I think business & corporate taxes should be cut to zero and income taxes be raised. Businessed don't pay taxes anyway, they only pass them along to consumers in the form of higher prices on goods & services. This would allow businesses to reinvest, expand & hire more workers." +Hi everyone, + +I saw a lot of people posting about their journey so far, so I thought of doing the same. + +I started with selling options 2.5 months ago. Made my first trade on April 14 and have made a total of 122 trades so far. I log them every day in my excel workbook to know how I'm doing. Have attached a running summary below. + +Some key points about what I do: + +1. 90% of my trades are selling puts (I have a margin account) + some covered calls / CCS +2. Love doing earnings trades, which is why I sold a lot of premium during weeks when many companies had earnings. +3. I usually do trades with delta .2 or below. Sometimes I'll go up to .25 but never above .3 +4. I mostly trade in monthlies 1-2 months out. Occasionally weeklies. +5. Only been assigned once when I sold a weekly on a stock that went against me. Have been wheeling it since to bring down BE +6. Of the 101 trades closed so far, 96 have been profitable. Of the 5 losing trades, biggest loss was $675. Have rolled one trade only once so far. +7. Trade allocation for any one trade is usually less than 2%. I think there is scope to increase this. +8. My broker is IBKR. I have a margin account with them. I started with $10k capital and have gradually increased to $40k over the last 2 months. I like to keep >50% of my buying power free so I always have money left if I do get assigned / market moves suddenly. +9. Have only traded stocks so far (no ETFs yet). I have a paid account with [marketchameleon.com](https://marketchameleon.com) where I maintain a watchlist of \~100 stocks. I like using this website for all the different statistics it provides on option trading incl. their screeners. Reduced my time to research trades drastically. I also use Yahoo Finance a lot as their data is more real time. +10. I usually spend \~2-2.5 hrs / day on this activity (this was \~4 hrs early on but has come down over time). Sometimes I do find myself price watching a lot (either my watchlist or my trading account), but I'm trying to get as mechanical as possible. My goal is to not spend more than 2 hrs/ day doing this. + +I have learnt quite a bit from this community. Hope my experience helps some of you. + +https://preview.redd.it/ars3bve1l7851.png?width=1107&format=png&auto=webp&s=36ae792965338108321c6491a462a82a0951c26d +Haven't seen anything like this since 2000. It's doubled itself in the last 3 months. And it's a large cap company not a penny stock. + +What do you think will happen next? +Hey there, this is Johnny, CEO at KuCoin. + +u/HammondXX Thank you for raising your question about KuCoin. As the People’s Exchange, we always pursue user satisfaction. Regarding the issues you mentioned, we are very willing to discuss them openly and transparently. + +Firstly, Cloudflare is a world-renowned CDN solution. As you said, one of its main functions is to prevent DDoS attacks, which is also our main purpose for deploying it. Currently, almost all major exchanges are working closely with Cloudflare. + +**All exchanges have applied an access frequency limit through Cloudflare to ensure the stability of their services. Once the limit has been surpassed, denial of website access may occur. When setting the limit, we discussed thoroughly with high-frequency traders, like API traders, for instance, before concluding on the limit. We believe that in most cases, the frequency limit will not affect our users. But it is possible that, when there’s a big price move or someone visits the site too frequently, 504 pages may still appear due to the limitation.** We have been working on improving this for a while, and if you encountered such an issue, we would appreciate it if you could share the RAY ID from the 504 pages with our support team so that we can better solve the problem. Thank you. + +Secondly, regarding the AWS server, **KuCoin invests a lot in IT infrastructure and network security. Compared with other exchanges of our size and scale, our investment in AWS servers is almost twice as much as theirs.** And we will continue to invest in this sector as we know this is one of the fundamentals of our services. + +In fact, as a platform, we care about usability and stability more than anyone else. The access issue will not only impact KuCoin's revenue but also affect user experience. As a platform dedicated to building itself and the industry for the long term, we know that reputation is everything. We hope that all users can trade with KuCoin easily and pleasantly, achieve their investment goals, and even improve their lives. **As a neutral platform, we do not profit from users' liquidation. Therefore, we are constantly introducing new functions and educating users to help them manage their futures positions properly and reduce the risk of liquidation.** + +Having noticed that you’ve been banned in the KuCoin Subreddit, I am checking with the team for the reason, but our current guess is due to spamming. We have unbanned your account. All opinions are welcomed in our community, no matter if they are positive or negative. We are very sorry for the inconvenience. As for the Moderator List you claimed that we made private, actually we didn’t change any setting on that. It’s likely because banned users cannot see it. Please check again since you are now unbanned. + +Since its establishment in 2017, we have experienced many ups and downs, but KuCoin always believes in the future of crypto. So, we will continue to invest in our system and strive to provide users with a better experience. I apologize again for the inconvenience. If you have any questions about KuCoin, our 24/7 customer support will always be there to help you out. Thank you. +I just discovered this sub, and have to say it’s great to read about the experiences of others who are dealing with similar issues. I have never met anyone in real life in a financial situation similar to mine — the get rich slowly track. So thanks for being here and contributing. I hope I can add something useful to the discussion. + +About ten years ago my partner and I tried to fire. I had never given much thought to how to convert this money into a retirement income stream. Having started my financial plan in the roaring 90’s, I just assumed a 7% real return would be easy to get. Also I had no idea how to gauge risk tolerance. So, shortly after fire-ing, the market tanked. At the bottom, our net worth was probably 1.5M, including our house in a MCOL area. Experts were now saying returns were going to be more like 2.5%. Yikes. None of our friends or family would have pitied us, of course, because we were still in a great position compared to them — but it was a terrible feeling watching money going out for expenses at a totally unsustainable rate. After struggling with fear and disappointment, all the while trying a “more fulfilling career” that didn’t pay the bills (wow, that could be a whole post in itself) we both went back to our tech jobs. Our goal was abundance and security. + +Now our net worth is around 6.5M in a VLCOL area, our investment allocation is 40% stocks, 20% rental real estate, and 40% short duration CDs. We will retire when the jobs get annoying, which will probably be in a year or two, judging from the market cycle. It’s great to know that if the market tanks like it did back then, we will still most likely be fine. + + + + +Hi Everyone. I am fairly new as a member but have been lurking for awhile. + +Current situation: + +- Beginner to somewhat experienced in investing but + learning fast. + +- 43 years old. +- Moderate risk tolerance. +- Umbrella insurance. +- Using a financial advisor for a small part of my + portfolio to see how I can fare on my own against + them. +- Bought my home for $180k at the bottom in 2011 and it’s worth $400k now. It’s all I need materially but have some interest in mining and turning it into an investment property. Alternative is to stay here and have no stress. Mortgage $1200 and owe $90k. + +- $1.3 M in current liquid assets +- $3.7M in company equity with $2.5 M already vested + and the rest will vest within a year. + + +I want to cash out most or all of what I have to diversify. It seems like an easy decision to do so but I have been told that I should since our IPO but I trusted my gut and didn’t sell and our stock is up almost 1000%. That being said it’s time. + +My thoughts are to sell what has vested and keep about 30% in cash and then put the rest in one of the following scenarios: + +- Put it in FAANG + some other tech/growth stocks + like Microsoft, Okta, AMD etc. +- All ETF like QQQ, SPY, etc +- Mix of the two (most likely) + +The reason that putting this into tech stocks is interesting to me is that it’s kind of the compromise between keeping my very promising and growing tech ISOs and diversification. + +I am looking for some feedback and advice on investing and managing money from those more experienced than me. Thank you and congrats/good luck to you all! +They claim that at this point if a guaranteed income is not provided to each citizen in some form, the global economy will inevitably collapse. How do you feel about this notion? +Just a reminder earning growth is negative. I’m not sure why I keep seeing reports about strong earnings but negative earnings growth is anything but strong. +&#x200B; + +&#x200B; + +https://preview.redd.it/dbkc58477gi61.png?width=978&format=png&auto=webp&s=0f726b095fdd587814709a01af16bec4e9d568ef + +You might have read Cuban saying the more the stock price of GME falls, the more dangerous WSB will get. + +Did you understand that? Not? + +Let me explain to you: If we keep holding and at the same time we retards still buy at lower price stocks of GME, the volume of stocks that we buy and hold rises exponentially. + +Why that? Because we stupid retards want to invest our $1000, and holy shit at a price of $50, I can buy 20 shares, at $5 great 200 stocks. + +The volume of available shares on the market decreases extremely. + +This means? + +HOLD! + +BUY! If you can afford. + +(To start the engine of the rocket!) + + +Edit: Likely you can find that quote somewhere else as well, but here is a link to an article quoting Cuban: [https://headtopics.com/us/a-week-inside-the-wallstreetbets-forum-that-launched-the-gamestop-frenzy-18626770](https://headtopics.com/us/a-week-inside-the-wallstreetbets-forum-that-launched-the-gamestop-frenzy-18626770) +When you start to feel down on yourself about a FOMO, panic sell, or bad trade, just remember that Warren Buffet sold all his airlines at the literal bottom for untold millions lost and then sat on the sideline in cash for this entire run up + +Edit: Wow thanks for the award! My first on Reddit :) + +Edit 2: this post has doubled my overall Reddit Karma. Glad we can all take a breather and realize we are all human and not take ourselves too seriously. Now what’s the ratio between Karma and Reddit gold, 100000000:1? LFG! +🦊WHAT DOES THE $FOX SAY?! 🦊 + + +➡️ TOKEN CONTRACT ADDRESS: 0xfad8e46123d7b4e77496491769c167ff894d2acb + + +➡️ BUY HERE: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb + + +FOX FINANCE ($FOX) sends rewards to Holders and Liquidity Providers instantly with every transaction 🦊 + + +**CHART/PRICE:** https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb + + +**SITE:** https://foxfinance.io + + +**TWITTER:** https://twitter.com/foxfinancebsc/ + + +**ROADMAP:** https://twitter.com/foxfinancebsc/status/1372130754680004612?s=21 + +**PROOF OF LOCKED LIQUIDITY:** https://bscscan.com/tx/0xe3c457cc5923e179bdd9d229973e371de77a528687620a4e71df2e67e72f9476 + + +**FAQ:** + + +Q - I'm trying to buy but it keeps failing? + + +* Increase slippage in the settings menu (may need 15-20%). + + +* Use an even, round number of Fox Finance tokens. Don't buy 5,235,754; buy 5,000,000. +I am reading up on the concept of 'FIRE' and I am trying to prepare the day that I am able to 'FIRE', but one thing that boggles my mind is what do I do about my medical/vision/etc insurance. + +What I mean is, nowadays, our medical/vision/etc insurance are tied to our job. + +I am so used to having my various insurances set-up for me because of my job. + +When you 'FIRE', how do you deal about getting your insurances, and what are the costs? (since alot of times, my costs of having insurances are 0 because it is tied to my job). + +Hope this is not a stupid question. +JD.com is one of favorite companies. Used its service when I was living in Shanghai. amazing service same day delivery. the stock price has been dropping from 50.50 all the way down to 23.01. What is going on? will it go back to 50? +DGX token. + +&#x200B; + +ERC 20 token that is backed by physical gold kept in vaults ( and they claim its audited ) + +&#x200B; + +1 DGX = 1 gm of gold spot price , so a trader can get exposure to gold price *without* buying physical gold + +&#x200B; + + [https://digix.global/dgx/](https://digix.global/dgx/) + +\^\^ this is their website + +&#x200B; + +&#x200B; + +has anyone bought it ? is this company legit ? +## tldr. + +A two-week registration period is now open - you should see an interface within [r/ethtrader (redesign)](https://new.reddit.com/r/ethtrader) for associating an Ethereum address to your Reddit account. At the end of two weeks donut balances for registered users will be distributed as an ERC20 token on the Ethereum mainnet. **Donuts belonging to non-registered users will be forfeit.** + +Reddit user to Ethereum address associations will be public. To preserve the privacy of your transaction history it is advised to **register a fresh Ethereum address**. + +## Donuts-on-Ethereum + +[Donuts](https://www.reddit.com/r/ethtrader/wiki/donuts) are distributed based on contributions to r/ethtrader. They can be spent within the sub on a variety of features and for sybil-resistant voting. Until now the system to support donuts has been centralised within Reddit, but as [initiated](https://www.reddit.com/r/ethtrader/comments/an5577/a_communityled_initiative_to_decentralize_donuts/) in early February, the [daonuts](https://github.com/daonuts) project has been working to replicate this infrastructure on Ethereum. + +The feature set is now ready for integration within r/EthTrader. This transition is scheduled for December 2, at the end of the now open two-week registration period. Please note that registering during this two-week period is required for transitioning your current donut balance onto Ethereum. + +Donuts-on-Ethereum has been implemented as an Aragon dao and multiple interfaces will be available. Features will be accessible directly from r/ethtrader, an alternative user-focused experience on daonuts.org/r/ethtrader, and an admin-focused interface via the Aragon client. + +- **Owning the banner**: + - non-fungible assets can be minted by the community where ownership is determined with a Harberger tax scheme + - the ethtrader banner will be the first asset ownable via this app + - an interface for buying the banner will be available within r/ethtrader + - some banner administration as well as minting other assets will occur via the Aragon client +- **Special membership subscription**: + - buying a subscription (by burning donuts) for yourself or others will unlock new sub features like badges, and gifs-in-comments. see [this fortnitebr page](https://www.reddit.com/web/special-membership/fortnitebr) for more details on what that looks like. + - an interface for subscribing will be available within r/ethtrader + - admin functionality (eg. changing price) will use the Aragon client +- **Tipping**: + - tips can be submitted and the recipient will be notified by comment reply or direct message + - an interface for tipping will **not** initially be available within r/ethtrader + - an interface for tipping will be available at daonuts.org/r/ethtrader and via the Aragon client +- **Tokens**: + - two tokens are used + - CONTRIB: non-transferable and represents earned stake and contribution to the community + - DONUT: transferable and used as community currency +- **Voting**: + - dao votes are weighted using both tokens and determined with *min(CONTRIB, DONUT)* + - dao votes will use the Aragon client + - the existing in-Reddit voting interface will use real balances, but remain off-chain +- **Distribution**: + - initiate, claim from, and batch award fortnightly distributions. + - distributions must pass through a challenge period to become active + - these administrative functions will use the Aragon client + - u/carlslarson will batch award the top 500 recipients for each distribution for 1 year with tx fees paid out of [this fund](https://etherscan.io/address/0xf7927bf0230c7b0E82376ac944AeedC3EA8dFa25) +- **Challenge**: + - proposals are accepted with a stake and can be challenged by burning donuts + - challenged proposals must pass through dao voting + - successful challenges are awarded the proposal stake + - these administrative functions will use the Aragon client + +This thread will remain stickied for the duration of the registration period as a place to ask questions regarding the integration. +I know posts like this risk coming across as arrogant so let me start by saying at 40 I certainly don't know everything about investing and I'm sure some things I think I have learned are actually wrong (and if they are wrong in my list please correct them in comments). I'll probably be writing a post when I am 60 about the things I wish I new at 40 . That said I feel like I have learned a lot and made a lot of mistakes earlier I wish I could go back and redo..so here is a list in case people find that sort of thing useful. So here is a list of them. + +**#1 You actually have to select an investment in your 401k.** + +May as well start with the most embarrassing. I cannot tell you for how many years my initial 401k contributions sat in a settlement account because I didn't understand that past just electing to contribute I had to actually select an investment and my employer at the time did not give me any indication that was a step I should be considering. Make sure the money in your 401k is actually invested in something. + +**#2 Tax refunds aren't actually good.** + +Tax refunds aren't the government deciding that you deserve more money due to some policy change and thus giving you a stimulus of some kind. Tax refunds are just you filling out your W4 poorly and paying too much in taxes throughout the year so then at the end you get it back without interest. + +**#3 Roth IRAs not only grow tax free but you can withdraw the principle at anytime without penalty** + +When I was in my 20s I put a minor amount into retirement funds figuring I wanted to keep my funds accessible so I could purchase assets. So I put into 401k only enough for match and the rest I put into an after-tax brokerage. I didn't even consider a Roth IRA because I just assumed it was a retirement account so I couldn't access it until retirement so I put nothing into Roth IRA. + +**#4 Roth IRAs, what tax-free growth actually means** + +When I was younger obviously was making less and therefore arguably should have been putting into a Roth instead of traditional. But I put into traditional instead because I didn't really understand Roth but I got the idea that if I put into traditional I got to put more in because it was pre-tax. Now I realize that the tax shelter of pretax when I wasn't making that much was not nearly worth the amount of tax free growth I would have gotten investing early into a Roth. + +**#5 Just because you read in a book on investment that 60-40 is a good balance of risk vs reward does not mean you should be in a 60-40 fund at 20.** + +My first investment in a brokerage and the one I stuck with throughout my 20s and 30s was a 60-40 balanced fund that was 40% in bonds. That meant it handed 2008 like a champ which was good but unfortunately also meant that the growth was anemic after and I really missed out on the 2009-2021 growth. I didn't need that risk avoidance in 2008, would have been fine if it had dropped 2x more as I wasn't using the money. Just to give an idea right now that fund has only dropped 0.71% YTD relative to my growth index which has dropped 14%. + +**#6 Dividends aren't profits, they are distributions that reduce the stock price and outside of retirement funds are taxed and limit the growth potential** + +I liked that my 60-40 fund had a good yield thinking that was added money I was getting to reinvest and get more shares. Didn't get the concept that that was just coming out of the value of the shares, adding to my AGI and tax burden and in the case of company dividends lowering the growth potential resulting in a lower total return. + +**#7 Managed funds don't typically outperform index funds** + +The fund I had in my brokerage and retirement accounts were managed funds. I selected them based on how at the time they were overperforming for their asset class (but of course that didn't stay true). The expense ratio wasn't crazy, I had paid attention to that, it was 0.54%...but it was higher than it needed to be. Also I hadn't realized that in being managed stocks were bought and sold within the fund typically resulting in significant capital gain distributions which led to my #8 + +**#8 Capital gains and dividends outside of retirement accounts affect AGI and get to be a problem** + +As I mentioned one mistake I made was putting most of my savings into a brokerage rather than retirement and then not really using that money other than as an investment. The result of this is I ended up with 10x more in a brokerage than in retirement. The result of that was eventually significant dividend and capital gains distributions (the fund I was in was actively managed, Ill get to that later). It has gotten to the point where last year I got $50k added to my AGI because of this preventing me from doing any Roth contributions. + +**#9 If you rollover a 401k into a traditional IRA outside of a 401k it will make backdoor Roth no longer viable** + +This probably more for the 30s into 40s crowd than 20s but yeah. I had an early trad 401k that was starting to accrue some fees and I wanted to move it out. My new employer had crap 401k options with high expense ratios and although I was still contributing into it for the tax benefit I didn't want to rollover a bunch into that. So I rolled over into a brokerage Trad IRA. Did not realize at the time that what that meant is if I then tried to backdoor a Roth because I could no longer contribute to Roth due to AGI that when I put 6k into a trad IRA to rollover to Roth it would look at my TOTAL IRA funds including the ones that were growing pre-tax for a while and it would take out of the total, resulting in significant taxes and losses due to pro-rata rule. + +**Conclusion** + +So looking at my portfolio now I have a lot more in an after tax brokerage than I do in retirement. Basically 98% of my retirement is in pre-tax traditional with basically nothing in Roth. My Trad IRA holdings outside my 401k prevent me from backdoor Roth and my 401k doesn't accept after tax contributions so I can't do a mega-backdoor either. Most of my money is in brokerage not in retirement accounts and is still largely in managed funds because I don't want to yank it all and pay the capital gains. Now I am putting into index funds but because most is in managed fund with higher yield I still get significant distributions that exacerbate my AGI and make me that much further from being able to Roth contribute. + +If I could go back to 20 I would have put some money into either savings or a brokerage to have some money on hand but I would have put the majority into retirement. I would have started out in retirement 100% into Roth and not any into traditional not changing to traditional until much later. I would have maxed 401k contributions much earlier. I would have invested in primarily growth equity index funds maybe reallocating a bit to more core/value in my 40s but even now not all the way to 60-40. Doing all of that I would have significantly more in the tax-free bucket for retirement, I would have a lot more money overall in general, I would probably still be able to contribute to Roth either directly because not getting Cap gains/dividends added to AGI or if not would have at least been able to backdoor it in. Oh well, lessons learned now...just passing them along to the earlier crowd to maybe learn from my mistakes. +Hello all, + +I have an accounting undergrad and will be pursuing my MS in Finance this next year. Afterwards, although I am not entirely sure where I want to work yet, I am looking forward to an intellectually stimulating and lucrative career. + +However... + +There is a lot, and I mean A LOT of negativity on the internet about the work-life balance in finance. A quick Google search turns up a number of financial professionals who have written about the horrors of regular 70-80+ hour work weeks, overly demanding bosses, and general unhappiness with their career paths. + +Now, don't get me wrong, I know finance is tough and I am prepared to work hard. But still, at some point in my life I want a family and time to pursue hobbies. I simply refuse to let work consume my life. + +So, I suppose the question I am posing to those of you in the professional world is how do you make work-life balance work? Are finance jobs with 40-50 hour work weeks that uncommon? + +Thank you ahead of time for your responses. + +tl;dr: I will be entering the financial world soon, and there is a lot of negativity on the internet about work-life balance for these jobs. Is it really that bad? + +EDIT: Thank you all for your informative responses. I really appreciate your willingness to provide me some insight into your careers. +I have only been investing for a year, while doing my research I kept seeing the phrase "Depending on your risk tolerance", but I didn't understand what it meant. For me there is a magic number of safe reserve money. I reached that number and found I don't care what the invested money is doing, it's up, it's down, it doesn't matter. For me this is my risk tolerance. I think this applies to the types of investments you make, there is a person specific level where you can go about your day without clicking on marketwatch 12x. + + I hate the stock market and I hated giving a shit what the markets did day to day. If I ever start to care about the market again I will just put more money aside until I don't. Not sure what the point of this post is just sharing my experience I guess, and maybe it will help other people who hate the irrational market and the outsized influence it has on modern life. +It’s amazing how $5,000 would literally change my life right now. To so many people this is such an insignificant amount of money. That’s mind blowing on its own. But $5,000 would allow me to catch up and pay all my bills and not constantly have to struggle living paycheck to paycheck. Living in constant fear of losing hours, getting sick, etc. My mental health, stress, and anxiety would drastically decrease. I would sleep. I miss sleep so much but I’ve been too stressed to sleep. It would change everything. $5,000 would change my life. +My parents recently sold their home and downsized. At Christmas they gave each of us kids $1,000 for each grandkid (our kids) to be given to them on their 18th birthday. I’d like to put this somewhere for each of my kids that will make it worth close to $1,000 when they take it out (keep up with inflation essentially). My oldest will get it in 10 years. + +We already have a mutual fund for each kid that we plan to give them control of after college to help them start out/or get a head start on retirement but I want this to be separate of that. + +I kicked around the idea of each kid picking a business (stock) they like/know but my youngest two aren’t really old enough to understand even that yet. + +Appreciate any ideas you all have! +It’s absolutely insane how GME has changed the way I think about life in general. + +Im in digital marketing and I’ve always done pretty well. Used to own a boutique agency but Covid took a toll in multiple ways and I had to go back in the workforce. + +Found a job in my field and I was taking a pay cut based on my experience… and everyone knew it at this new job. My bills were covered with about 150.00 left to put back in savings each month, which I slowly spent on GME instead of saving (let’s be real, GME is my savings account). + +Stayed at this job for 7 months and everyone was super happy with my work. I was hoping to impress them to eventually get a pay raise to create a little more cushion. + +Last week I was headhunted by a company that needed a Director of Digital Marketing and I checked all the boxes. I was expecting high XX,XXX but was given an additional 30k over what I would have accepted! + +As I was told that I got the job, I didn’t think about a financial cushion. I didn’t think about buying a fancy car or clothing. + +My first move was to figure out how much more GME I could purchase before the expiry date for the dividend. + +GME has had positive effects on my life so far… even without MOASS. I’ve become financially smarter. I’ve learned more about the stock market and business mechanics that I didn’t even care about. I learned to question everything the MSM says and not follow blindly. To top it all off, I learned how to stand for something bigger than myself. + +I know I’m not the only one who has had their life change even before MOASS due to GME. It’s been a rollercoaster and I wouldn’t change it for the world. I say all of this to say + +**Hedgies R Fukd** +This can be created as an NFT itself, some mad-lad downloaded all the JPEGs on ETH and SOL network and then uploaded them on a torrent. + + +I can’t even begin to imagine how he uploaded 19 TB of JPEGs + +He even tweeted from he got all that space to store these NFTs + +https://twitter.com/geoffreyhuntley/status/1461332618578849793?s=21 + +Tweet: Rented a bare metal server at $200/AUD a month to pull this off. Got 4 x 10TB sata disks in RAID0. Worth it. + +Torrent Link: https://thenftbay.org/description.html + +Since it’s a torrent so download it on your own risk please I got it from Twitter. +In June I brought a rather expensive drone for myself. It was just a little over $1000. When I received it, I noticed that it was missing one of the cables that was required to use the drone. I immediately requested a replacement on Amazon and returned the one with the missing cable. I returned it to a UPS store as advised on the Amazon return instructions. A few days later I received notice that the return was received and never heard anything of the issue again. + +Fast forward two and a half months later and I receive an e-mail from Amazon that states that I returned the incorrect item and that I'll be charged if I don't return the right item. I know for a fact that I returned the right item, so I e-mailed back simply stating that I returned the correct item and asked them to provide proof that I returned the incorrect item. + +I received another canned response back simply stating that I returned an incorrect item. I replied to the canned response with the same response, only this time I also cc'ed jeff@amazon.com which from my understanding forwards to some special inbox that gets more attention. I also called amazon customer support to get more information. Support told me that they could not give me more information and that all they could tell me is that they received the wrong item. They did take a report though where I explained again that I returned the item and the customer service rep stated that I wouldn't receive any more emails on the subject and that I wouldn't be charged. + +Later that day I receive another email from amazon, this time I reply to my jeff@ email, essentially stating the same thing that Amazon has been stating. I then asked them again to provide proof that I returned the wrong item and furthermore I demanded that they return the incorrect item back to me if they cannot provide proof for whatever reason. Again they responded similarly to their previous e-mails, stating that I returned the wrong item and that they were going to charge me for it. They said they could not provide proof and could not send the incorrect item back to me. + +I'm really at a loss for what to do here. I don't have the return shipping receipt anymore since it was so long ago and I received confirmation that they received the item. When I returned the item, amazon allows you to return the item in it's regular product box without a cardboard shipping box to a UPS store. I suspect that between the UPS store and the Amazon warehouse that someone stole or replaced the drone. However since Amazon won't give me ANY information, I have no way to confirm that. + +It seems that every response I get back from Amazon on any of my requests for information is met with a "fuck you, pay me." from amazon. I assume they're going to charge my card for the $1000 soon. It's an Amazon Store credit card by Synchrony bank, so I have no clue how a credit dispute would work out in this case. If they charge me, would it even be worth brining a company like Amazon to small claims court? It feels like a VERY uphill battle in a case of he said, she said. +⚠️This is not a shareholder event⚠️ + +Here is the link to view what is on the planner to happen⬇️ + +http://meeting.gamestop.com/US_Conf/Conf_Vendor_Agenda.htm + +Looks like we will be getting to hear from our CEO Matt Furlong and also get some news on the future ‘vision’ of the company🚀🚀🚀🚀👀 + +Have a look for yourself on the other plans but my tits are always jacked for gametop doing something🚀 + +TO THE FUCKING MOON 🚀🦍🌕 + +TADR: +Gamestops hosting a virtual event September 14-16th (idk how we havent heard of this yet...) +So my fiancee recently got rear ended by a Georgia DOT truck. Not her fault, truck undamaged but on her car both tail lights smashed out trunk and bumper dented. Lights still work fine. + +Anyways she calls her insurance to report the accident, describes the damage, and they remove her car from the policy and tell her she legally doesn't have insurance anymore on the car. So she's out a car for now. +All the turn indicators and break lights work fine, they haven't even seen the car yet. Is this common practice and what should she do now about getting something to drive? + +EDIT: After some clarification it seems the car is uninsurable because of the damage, so technically not road legal. + +EDIT2: After talking to my fiancee again after she got home, her insurance never told her that the vehicle was removed. That started from her mom, (who is the main policyholder) assuming the car was removed because when she logged into the insurance portal it kept prompting for her to reinstate my fiance's car. So clearly it was a miscommunication problem. I appreciate all the answers and we are going to try for a rental when the state's insurance office opens on Monday. +1,000% volatility might sound appealing, but selling naked calls could very well wipe you out. + +Selling CSP won't wipe you out, but it will hurt. + +Just don't do it. No amount of premium is worth it +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Forgive me if anybody has said this recently. This just happened to us and I want to share the knowledge! + +We’ve been hearing that home values everywhere are super inflated right now because interest rates are very low and people are using their stimulus money for down payments, etc. Where we live (southeast Louisiana), homes for sale are being snatched up in a day! + +With that information, I decided to call our bank and request a short form appraisal. We currently only have 15% equity. The appraisal cost us $275 and they came last Friday. I just found out our home appraised for $44k more than it appraised for when we bought it in Dec 2017! The $81/month that we’ve been paying in PMI is now gone forever! I know these inflated home values won’t last, but this was a way to use it to our advantage and the PMI can’t come back either way! + +If you’re paying PMI and bought your home more than a year ago, call your mortgage companies, do the math, and see if this might be a risk worth taking for you! The $275 we paid was definitely worth it for us! + +I’m a 34m with wife and 3 kids under 10. Not much to complain about in my situation but meeting other people/families with similar amount of free time and money is a big challenge. There are plenty of wealthy people where I live (Boulder county Colorado). I’ve met many business owners, entrepreneurs, and high paid tech workers but none of these people have the time to go grab coffee on Tuesday morning, go for a trail run on Wednesday, or take the family on a weekday ski trip (kids are homeschooled). + +Having lots of time any money is obviously an uncommon situation at my age. R/Fatfire makes it seem much more common than it really is. I’m at a loss as to where to meet these people. Don’t get me wrong, I’m not opposed to making friends with those who are less well off. Unfortunately most people can’t afford big vacations and I want the kids to be able to have these experiences with friends. + +The older I get the more I realize how important friends and relationships are and have had to sacrifice in this area by frequently moving in the past for career reasons, but now we have settled down. We already meet people through our daily activities… that’s just not a very effective plan for meeting FatFire folks which are probably somewhere around 0.1% of the population. Any advice? Where have you found other friends or families with similar time and financial means? +Hard to find detailed information about heli skiing online, since it's such a niche activity. Curious if anyone here heli skis regularly. What advice can you offer? Stuff like Interior BC vs Alaska vs Elsewhere? How not to get put in a Jerry group? How to get the most out of a trip? Etc +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I’ve been maxing out my 401k since I took my first post grad job. Considering decreasing my contribution to just receive employer match and invest the remainder in my dividend portfolio. +Hi 👋 fellow dividend investors, I am new to the subreddit and wondering if the team here has compiled a spreadsheet of best dividends or some other document that ranks or rates them? +Long story short, for the past 2 years, whenever I’ve worked overtime or double time, my employer has been paying me straight wage instead of 1.5x or 2x my hourly rate. I’ve tried to bring this up before, but management has explained it away. I finally sat down with our fiscal manager today and he had an “oh shit” moment where he finally agreed with what I was saying and noticed the mistake in their paycheck processing system. He’s going through months of pay periods to tally up what they owe me and will write me a check. + +Should there be labor penalties or interest added of some kind? I’m really not too sure of my rights in this area. I’m in California, if it matters. It’s a great firm (and small industry) and I am not trying to burn any bridges. Thanks +I plan to invest in Hawaii since I live here. While the market here is expensive, it is strong and stable, only taking about a 20% hit during the financial crisis a few years back and bounced back quickly. Also the invested money is with 3 groups who manage it. I looked through the last 3 years and while they have had OK returns, over the last few months I've taken $100K out and invested it on my own making much more returns percentage wise. Should I take more control of the investments? I've been relatively poor my entire life so I'm grateful for the money but it has come with lots of stress since I don't want to squander it. I don't plan on moving out of my one bedroom I rent anytime soon since I like it here. Do plan on getting a new car though since my current one is 10 years old. Nothing too fancy. I don't want friends finding out about my money so I can't ask them for advice. + FUD. Let’s tackle FUD. Mainly why shorts have not covered, using logic and data. + +# A Hole was Dug before January 2021 + +Shorts were starting to cover heading into the end of 2020 once they realised they were unable to suppress the price back down via shorting heading from \~70mm down to 55mm, this coincides with retail's surge in interest in November 2020. + +As a result, shorts were still 55mm shares short, as we’ve speculated, and Mark Cuban among others have said - their aim is not to cover. + +I believe this is wrong, at least in 2020 before shit took off. They were shorting it well before its lows in 2020 of roughly $3-4. This means, “covering” in this period is them taking profit in the wake of Hestia capital and Michael Burry coming into the picture in 2020. They would have likely realised, this is the best they’re gonna be able to take profit at. Which is why they started to “cover”. + +This aligns with the theory that they’ve dug themselves a deeper hole. As we can observe below (highlighted in red) the largest jump coincides with a price of \~$10 in November 2020. + +&#x200B; + +[https:\/\/ihsmarkit.com\/research-analysis\/borrow-dynamics-around-gamestop-proxy-vote.html](https://preview.redd.it/ex05d1l95cv61.png?width=689&format=png&auto=webp&s=2fb14112092e6fcba1963cfc72bde92f7e22412f) + +Connecting this to GMEs price action, the $10 mark would suggest a potential threshold area of where they entered a short position (blue line in the chart below). + +&#x200B; + +https://preview.redd.it/nzaihxwb5cv61.png?width=1029&format=png&auto=webp&s=fb262064cac78541b2675c41352bc7229a88f75b + +This is just an estimate based on short interest, we can actually go through 13F filings to see if this lines up. + +**Digging through 13F Position Filings** + +&#x200B; + +https://preview.redd.it/qeckhjwd5cv61.png?width=1005&format=png&auto=webp&s=94612962f65c2b0d38fa1df4897d054edcf8e701 + +Let’s start off with Melvin, there are a few interesting observations: + +1. They only ever took out put positions on GME, never hedging with any type of call position +2. There was 1 filing where they held a share position back in 2015 +3. Aggressive put positions ramped up big time in March 2019 + +# 🚀 Speculation Warning 🚀 + +That aggressive spike in March 2019 was likely the beginning of Melvin’s plan to short the shit out of GME and make $$. + +Taking the weighted average of put position volume and the imputed share price from the filing gives us a price of: **$9.41.** + +This is spot on with the initial assessment above of $10. So we can speculate that this is the price they needed to cover before to avoid being in the red, which aligns with the spike in short interest, attempting and outrightly failing to suppress the price below this figure. + +&#x200B; + +https://preview.redd.it/bn77zjkh5cv61.png?width=988&format=png&auto=webp&s=b3e263a44f8da714c5457bc0d775218bb068296f + +For those interested, here are what Citadels filings look like: + +1. They hedge their puts with calls (unlike our risky friend Melvin) +2. 9 months later in March 2020 is when we see Citadel jump on board the train +3. A strong degree of correlation between share position and share price + +Feel free to speculate further on this. + +# Everyone's Fav Type of Data! + +&#x200B; + +https://preview.redd.it/vydhssyj5cv61.png?width=1003&format=png&auto=webp&s=e77f9e83ce11c76b0aef2d90607fc0b4ed00a78e + +Just to drive this point home, check out the short volume above, we can see that the systemic shorting problem began in the first half of 2019 which is exactly when we see both Shitadel and Melvin put positions start to go off the charts. Clearly, it’s not just a coincidence. + +It also gives us greater confidence in the **$9.41** figure we came up with above as we’re focusing on the right period. + +This means September 2020 would have signified a risky period to them given this is where the price started to approach the $10 mark for the first time since April 2019. Note that this is still a relatively low price, so that’s why we don’t see option positions fall off a cliff in the 2020-12-31 filing. + +Albeit Shitadel still pulled back in their position as a likely result of the price increase, noting that Melvin did not - but we know they have a higher risk appetite given they did not even bother hedging with calls. + +**Takeaway**: The bus has been long gone for them to cover in a profitable position, their positions suggest they even increased their positions (Melvin), further digging their hole. + +\-- End of speculation + +# Clarification on Volume + +You might be going woh! 154.1M shares shorted in 2021 H1! That’s like 2x the float! + +We’ve uncovered A LOT of methods that HFs can use to suppress upward price pressure, namely specific order types and dark pools (also known as alternative trading systems ATS). So do not interpret the above as being purely short interest, as it’s likely a decent portion has been covered. + + However, it’s also just as likely that a portion has not been covered, which again we know some methods to make it look like they “covered” the short positions such as deceptive options trading or not covering and resetting FTD timers. + +# How does the Short Volume get so High? + +Dr. Susanne Timbath covers this in her books and I’m sure we’ll get a great explanation from her come the AMA this Thursday. + +I’ll leave you with a short explanation here though beforehand based on previous Q&As she has given and content within her book. + +# The Share Borrowing Program + +[This is](https://www.sec.gov/rules/proposed/s72404/s72404-14.pdf) essentially a self-replenishing lending pool, but the key is actually how it works in “wording”. While it’s called a borrowing program, it does not actually track the lender, only the borrower. + +So in essence, the same shares **are not lent twice** by the same broker, But they are **not keeping track of which share was used to settle which trade**, so if I buy 100 GME shares, i could be getting 50 borrowed shares - these 50 shares can then be loaned a second time since the trade has been marked as “settled”. + +I have no doubt we’ll get a far richer explanation from Dr. Timbath in the coming week, and I encourage all to watch it. If not for your education, but to feed that confirmation bias ;) Further to that, I'm sure u/atobitt will further explain this in detail, so I’ll leave it to him to expand - in the meantime, back to the unlikely focus of this post. + +# Dispelling FUD | Saving their Ammo + +There is a common theme I see floating around which is they are saving their ammo, each day we see the borrowed shares get drained out then replenished, but no price action, not even down! Gimme that dip! + +The second part of this is that the ammo they are “saving” is to tank the price during the squeeze. + +&#x200B; + +https://preview.redd.it/eyjdmjdp5cv61.png?width=1013&format=png&auto=webp&s=f5bd362d54ef13b272b98b0c772fc41554eafa9c + +So above we have short volume as a % of total daily volume for GME. On the left, we’re looking at the distribution of the % short volume from Jan-2020 onwards. On the right, we’re looking at the daily % of short volume. + +So the main thing we observe is that excluding the crazy behavior in late January, the short volume has remained pretty darn similar to the median of 5% in the left histogram for the past year and 4 months. This means they are shorting as per normal, using regular HFT techniques to control the price - it does not imply they are “saving ammo”. + +&#x200B; + +https://preview.redd.it/7hg3qkvq5cv61.png?width=1002&format=png&auto=webp&s=7e84a27f4b7bc235e1bf47e719f326114492d6ec + +Instead, they likely save ammo on a short-term basis to handle days when there is expected buy pressure, which we can observe in April-2021 among many other months. Short volume sits low at the 250k mark which from what I observe in iborrow, is usually around the 200k-500k mark shares available to borrow each day. But they then end up blowing it on a few days spike up to the 1M+ mark. So there is no real foundations to this FUD being spread that they are saving ammo (I recall suggesting theory a **long** time ago, don’t know where or when, but obviously i was wrong). + +# Dispelling FUD | Shorts have Covered + +This comes in MANY forms, thanks to how Fintel changed how they calculate short interest, this was the main trigger in holders believing shorts may have covered. + +Dark pools. Or ATS, whatever you prefer to call them. The MOST important point we need to be aware of is that NYSE short interest only includes short positions cleared by FINRA member broker-dealers. This is what Fintel bases their calculations on, along with the formula change, which is one reason why it dropped - the other major reason is that dark pools (ATS) who are not registered with FINRA implies that short positions are not included. + +So you can view that as a double whammy. We only recently observed dark pool exchanges trading GME trades (to suppress buy pressure). I bet if we were aware in January, we’d have a much clearer picture of why short interest % dropped so much. + +# Closing Remarks + +WTF did I just read? I had the same thought when writing it. It bounced from one thing to another, then another. The key theme though is dispelling FUD. Data is the best way to do this, and it’s important - but to highlight a fact that data is not all telling. This is how I interpret the data, and if you interpret it another way please share! + +Knowledge is power. + +# TL;DR + +1. The bus has been long gone for them to cover in a profitable position, their positions suggest they even increased their positions (Melvin), further digging their hole. +2. HFs are not saving ammo to tank the price during the squeeze, they are too busy managing day-to-day buy pressure +3. There are multiple ways shorts can “pretend” to cover their shorts, it’s impossible to tell - but given the prior evidence, it suggests they are using options, as we know and dark pools (which is a plausible explanation for why Fintel % short interest dropped so much along with them changing the formula) + +As always, conjecture is our friend and my friend - hit me up in the comments or via PM! +Thanks guys for helping me learn how to save my money in smart ways. Conservatively buying ETFs and SPDR funds and putting money into high yield accounts has been awesome. Made $0.02 of interest from my bank accounts and $0.81 off of my stocks today! It really isn’t much but I didn’t have to work at all to earn that money, feels nice! + +Edit: Thanks for all the advice, I got a lot of valuable information from you guys. I’m definitely gonna work on moving out of earning minimum wage. I’ve got a pretty well paying internship available for me over the summer, but in the meantime, I’m checking for jobs near me that pay higher. +that's basically it, i mean how can you not be bullish about GameStop. + +* Business Transformation +* Cash on hand +* growing industry +* excellent management +* hardcore DRS'ed shareholders growing by the day +* customer obsessed retail team +* No debt + +&#x200B; + +I would love to listen to counter arguments, keep it simple - tell me. How are you not bullish about GameStop? +EDIT: When you factor in my federal loans, I’m putting over $1250 a month toward the payments, which has me \~220k in the red. + +**CURRENT NAVIENT UNDERGRADUATE PRIVATE SCHOOL LOANS SITUATION:** + +01 Signature Student Loan:Original Principal: $15,400.00Variable Interest Rate: 8.250%Current Balance: $17,951.14 + +02 Signature Student Loan:Original Principal: $13,000.00Variable Interest Rate: 8.250%Current Balance: $17,709.35 + +03 Signature Student Loan:Original Principal: $10,861.00Variable Interest Rate: 3.000%Current Balance: $11,100.79 + +04 Signature Student Loan:Original Principal: $18,129.00Variable Interest Rate: 2.875%Current Balance: $17,668.09 + +**ADDITIONAL NOTES:** + +* Original Loan Total: $57,390.00. +* Current Loan Balance: $64,429.37. +* Repayment Start Date: November 2009. +* Repayment Plan: Extended Repayment - Principal and Interest. +* I've made 132 payments and my total balance still hasn't gone down. +* I've never defaulted and pay the maximum I can afford, which is currently at about $450 a month. +* I estimate that I've paid Sallie Mae/Navient over $50,000 on the original balance but haven't made any progress. +* Interest rates on private loans are set by the lender. +* Estimated Payoff Date: November 2042. +* I'm now based in Los Angeles, California but the loans were taken out for a private school in New York, New York. +I’m a recent adult. 24. Just trying to figure out when I’m allowed to indulge myself instead of just saving money for when I’m too old to use it. + +I have $24,000 to my name saved. I pay $800 in rent a month. I work in film production, so I clear anywhere from $7k a month down to only $1k a month. I also have a car. + +I don’t have a 401k, probably never will. My GF and I don’t want kids. We don’t spend money much. We put the money we earn into our work. + +I just bought a crazy home theater system for like $950 and it’s been a “discussion” between my GF and I about how much money I should be saving for our future… which is still just working film sets until I die. I’m Pretty anxious about spending so much. + +When is it okay to indulge? Thanks. +TLDR: diversification reduces risk, over-diversification reduces profits. 'optimal diversification' is usually considered to be 20. Split your assets into different use-cases (store of value, smart contracts) and make sure you don't pile up on to many from one group. + +So I just replied to this post regarding portfolio diversification and thought I'd actually submit my reply as a post in itself for you guys. + +Portfolio Diversification + +We all know that diversification reduces risk, however, you can also over-diversify whereby you risk profits. Over-diversification provides diminishing returns, and according to portfolio theory, the ideal number (otherwise known as 'optimal diversification') is around 20, after this point you stand to lose more than you gain by diversification. + +One more point, you have to diversify effectively. There's no point me diversifying my entire portfolio into 20 Gold mining companies across the globe; I'm not really reducing risk here, as my portfolio would fundamentally be tied to the price of Gold. The same is true of many Forex currency pairs that move in tandem. + +To translate that last point into crypto, you should also aim to diversify the 'use-cases' of your assets. Holding LTC, BCH, XRB (transfer coins); or holding ETH, NEO, ADA (smart contracts); or XMR, PIVX, ZCASH (privacy) would not be as effective as holding say XRB, ETH, XMR. + +I personally split Crypto's into a number of use cases, including store of value (BTC), transfer value (LTC), smart contracts (ETH), Privacy (XMR), interoperability (XRP), Internet of Things (IOTA), etc. and try to make sure I never have more than 3 from the same group. + +Tried to keep it short, hope it helps. Remember, this information comes from my experience as a traditional forex/commodities investor; so it may not be as applicable to crypto as it is to traditional investing. +Do you guys see any possible crashes within the next few weeks in btc or eth? And would it be a wise time to invest in either if a crash does occur ? Im loving ETH but dont know when to invest exactly. price seems a little too high right now +~~This will probably be a great example of what I mean.~~ (Goodjob guys) If you really scan this subreddit, any post by either a company, a real project, or a self post is always downvoted. + +But only news articles maintain high upvotes. Half of the users here think every fucking post is a scam... It's bullshit. + +Literally one of the worst subreddits for user discussion or user feedback. + +Go look around at the most downvoted comments, half of them are actual people with actual responses like + +"Looks really nice" -19 downvotes when a user is complimenting some new app. + +Yet you find posts like + +"Your obviously too young for this and possibly retarded" +55 upvotes. + +This place is utter trash at this point. + +We get it, you lost money, but no need to shit on every single person. +**TLDR; Market Makers are the ones adopting the debt day after day. Daily volume proves they are only taking on more and more debt each day and the only exit for them is margin call.** + +# PREFACE + +I've been wanting to write a small(ish) DD on market volume for a while now. I believe it is one of the most significant and clear indications of what's happening with GME behind the scenes, but is often only given passive consideration or attention or is often not well understood. When we have days or weeks where the price seems to be in a tail spin, I feel the need to remind people of just how certain our data is, and how there truly is only one possible outcome. Not financial advice tho. + +I am going to break down how market volume is reported daily, how short volume factors in, and finally what actionable information can be extracted from these two daily metrics, and how the reported data can only mean one thing: The Hedgies are screwed. + +# EXCHANGE REPORTED VOLUME + +Each exchange records its number of trades, referred to as volume, in real time and in a finalized (corrected) daily report. The total sums of those volumes from each exchange is what makes up the reported daily volume you see on your stock app or on Yahoo Finance. + +There are three types of volume; Total Volume, Short Volume, and Short Exempt Volume. Short Exempt Volume is a short trade that is exempt from restrictions on short trades. On days when a stock is short sale restricted you can only short at a price higher than the last trade or when the stock price is climbing. Market Makers can mark shorts as exempt and trade them lower. For our purposes, short exempt volume is just a second type of short volume. + +# SHORT VOLUME + +Most people on this board think of short volume as a measure of how much shorting traders are doing, but that is fundamentally incorrect. In the dark ages long ago, in January and before, we apes were just forming our first wrinkles and used short volume to guess at SI, noticing that each day short volume was over 50% of the stocks total volume. We were primates discovering fire and noticing we could use it to make farts explode but not really unlocking its full potential. + +Nearly all trading done on the market today goes through market makers. Our financial system has been built so that overlords (known as market makers), with special access to the exchanges stand between everyone trading and fills the orders. When you put an order in with your broker, say Fidelity, (who then may or may not pass the order to their clearing firm if they aren't self-clearing), that order is then sent to a market maker. The market maker then fills the order from their own pocket. If you want to buy, they sell you their share, if you want to sell, they'll buy your share. You aren't actually trading directly with another retail investor, you're trading with a market maker. + +There are many market makers and they compete to fill the orders from brokers. Market Makers take their revenue from buying high and selling low the shares sold to them and bought from them. Ideally, when you sell a share, and someone wants to buy a share the market maker sees the two orders, buys the share at $100, then sells the share to the other person for $100.01. They use large volumes of trades to skim off cents or fractions of cents on each share traded. To justify their existence, they provide the service of fast trades, accurate price quotes, and competition between market makers keeps them from over charging. That's how it works on paper at least. + +A short is effectively a debt. A promise to buy, an IOU. That's what's reported in short volume, how many trades were people buying IOUs. When you buy a 1 share, you buy from a market maker and they give you a synthetic share, an IOU. They are in debt 1 share. **Nearly all buys are short volume according to the exchange**, as the market maker is selling the retail trader one pretend share and promising to hand them a real share later. We'll dive down that rabbit hole a bit more later. + +([Read more about buys equating to shorts in this whitepaper](https://squeezemetrics.com/monitor/download/pdf/short_is_long.pdf?)) + +According to [RegSho](https://www.sec.gov/investor/pubs/regsho.htm): The market maker is supposed to buy the share (and clear their debt) within seconds, but they have up to six days (T+6) to actually buy that share before they lose their ability to short more. They have up to three days (T+3) to settle the trade, which involves processing the funds through the broker or clearing firm. When the money enters the Market Maker's bank account, they have to deliver the share they owe to the broker before the end of the trading day or it will be declared as a Failure To Deliver (FTD). FTDs have to be resolved (a share delivered) within the next 3 days (3 days to settle, 3 days in FTD gives a total of six days for T+6). + +To slightly go off topic for a moment, it is at this point, during the second half of the T+6 period that an FTD is reported and a short share (a debt) can be delayed by 35 calendar days from the settlement (the first half of T+6) before they have to deliver the share they owe. + +To break this down a little more: when you buy a share, your money is promised to the market maker but an actual buy does not yet hit the exchange. You get your share (apparently) but your money sits in a safety box until the trade is settled. The market maker then has 3 days to actually go out and fill that buy order on the exchange. They then buy the share at the time that will maximize their profits, if they ever buy a share at all. Therefore, when we buy a share, they get stuck with debt, but regardless if we buy or sell our shares, the market makers make money. That's the reason why trade volume decreasing is such a good sign, it means their ability to make cash and stay solvent is decreasing. + +[Any Short&#37; above 60&#37; is considered high](https://preview.redd.it/rsg5psng7zc71.png?width=378&format=png&auto=webp&s=14d93e45402461550280b1ad756b1cd3da44651a) + +# HOW WE CAN USE SHORT VOLUME AND TOTAL VOLUME + +Based on the information above, a normal healthy stock should be trading at around 50% short volume. 51% short volume represents more buy pressure, while 49% short volume represents more sell pressure. Buy/sell pressure though doesn't necessarily affect price, as market makers can hold off on fulfilling the other end of the trade up to 6 trading days, or even 35 calendar days plus 3 trading days. On top of that they can fill orders in dark pool, where the trade wont affect price, or borrow shares, fulfilling their short with a new short and not changing the price. + +All along that gumdrop trail are also opportunities for bad accounting and bad practices to accidentally mark short trades as long or loan out a share multiple times. A tiny trickle of extra shares getting born every day, by accident and intentional deception, diluting the value of a stock. + +Then what value, if any, does short volume offer us? Well, it gives us one fantastic datapoint, it tells us approximate buy volume. Either a trader wanted to buy a share, or a trader wanted to borrow a share (which they have to still buy sooner or later). The fact that day after day after day, we see short volume above 60% means we are in a position where buying is always high and never stops. There is not a chance for the hedge funds to escape their over leveraged positions and are demonstrably either diggings themselves deeper or at best kicking the can down the road, there is no escape for them. + +We can't use this information to calculate SI%, or understand what the price is going to do, because the market makers have too many tools at their disposal to obfuscate their movements and manipulate the price. If anyone had any doubt though, the Short Volume shows that there is only one exit to this ride. Buckle Up. + +FOOTNOTE + +I track GME volume daily, data taken from each exchange. However, I can't access daily volume data from MIAX, NASDAQ, LTSE, IEX, or MEMX, which in total account for approximately 20% of the daily total volume. If you have access to daily short volume data from any of those exchanges, please DM me. +Hi all, I watch alot of YouTube and read blogs about personal fiance and personal development. I keep hearing the phrase "invest in yourself". + + How can you invest into yourself in meaningful way both financially and personally that have actually worked and are non-superficial? + +Edit: thank for all of the replies its great to hear from all of you lovely people, with things you have tried and what has worked for all of you, I love the sub and hopefully I'll be sharing my own journey in a few years for a similar post. +Here is something I've been trying to get my head around: + +Company A wants to finance something. It sets a price, and sells shares. These shares do not pay dividends. They have voting rights, but the company still has the majority of the shares. Investors buy these shares with the knowledge that Company A is developing a product that is going to be a hit. Investors know that Company A is going to grow and perform really well in the future. + +Company A releases this product, it's revenues increase, there are great plans for future growth. Investors see this, demand for the stocks rises, and their price rises. People sell stocks because they bought them at a cheap price, and other people buy the stocks with the hope that the stocks will increase in value even more, and that they will be able to sell high. + +**These are the parts of the above scenario that stump me:** + +* Why is there a demand for these stocks at all? It seems to me that the demand is purely tautological--people are buying them only because they know that other people will want to buy them at a higher price, and so on, the cycle continues. Why does this circular path exist in the first place? The stocks don't really have any intrinsic value. Owning a part of the company seems useless if not for this tautological factor. You do not get a share of their profits, your voting rights are essentially useless. + +* Why is there a correlation (or, rather, a cause-and-effect relationship) between growth and good performance, and rising stock prices (increased demand for the stock)? Again, these stocks have no intrinsic value, and I don't see why there is a difference between owning a part of a car wash and owning a part of a Fortune 500 company if you do not get any benefits. If this relationship *is* purely tautological, that means that it was arbitrarily agreed upon informally over time, and the trend stuck. Why did the market agree to *this* relationship, then, and not it's inverse or some other trend? + +I know that I phrased the questions really badly, and I know that they probably have really obvious answers that I'm missing. Thanks in advance for your answers. +Friday for them, but Saturday for us so market wasn't open, prepare for Monday boys 🚀 🚀 🚀 I'm in on THC, LGP and CAN + +P.S THC to attempt rebrand to Epsilon Healthcare at some point this month to be more closely affiliated with the health sector as opposed to recreational use, also bringing out their own medical e-commerce platform, and also releasing a vape line for exporting to Canada, NZ and Europe +ASX: ESH +SOI: 3,734m (incl. options) +Cash: $6m (est.) +EV: $39m @ $0.012 + + +eSports Mogul's Kelloggs/eSports Arena HALO 5 tournament kicked off this week and it didn't get a fraction of the interest they planned for. I watched the Twitch stream and it was a shambles, only 85 people participated in the first round (they'd made space for 500). Nevertheless, the matches were played and there are $25,000 real U.S. dollars in prizes on offer ($15k for first place). This tournament's qualifiers will play-out over the course of May and presumably the final stages wrap up later that month as the AGM is scheduled for 26 May. + +I don't care about the low participant numbers like some commentators do, I'm more interested in the functioning of the platform. Low numbers is a slight on ESA, and it also looks bad for Kellogg's. I'll be watching the next qualifiers closely to see how they go, hopefully smoother than the first one. + +In the meantime however, Mogul have fairly quietly launched their second tournament, and this one is more interesting to me than the semi-abortive Kellogg/ESA circus. Earlier today, Razer and a few badged gamers belonging to their sponsored team Tribe Gaming began tweeting about the Razer Invitational. With $30k of prizes of offer it's unlikely to be financially material (remember Mogul had to clarify for the market that the $25k ESA tournament was not material). This tournament is hitting mobile (Brawl Stars) as well as PC (Fortnite, Rainbox Six). + +So for a few reasons this is far more interesting to me as an investor: + +* Razer (@TeamRazer) is far more likely to generate eyes-on-screen interest than \*checks notes\* a stale cereal company. +* Tribe Gaming's three members (\[@\]bentimm1, \[@\]LexMobileGaming,\[@\]natwithaheart) tweeting about this collect several hundred thousand views per YT video, each. +* It's a multi-platform, multi-game tournament. +* Fortnite has a more active following than Halo 5 (don't at me) +* Brawl Stars presence in this tournament is a good sign that Mogul made use of the API access granted by Supercell earlier this year, which means demonstrating steps in the direction of that much larger untapped market that also includes Clash of Kings. + +This is far from enough from the company but it's a second, steadier step in the direction Rubinelli outlined to investors several months ago. + +*Edits: Formatting.* +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +So I started buying stocks in February and Z1P was the first real meme stock I saw in full action: from $10 to $13 in a few days to crashing all the way down to wherever it is now ($6ish). + +Do stocks usually crash this violently after an influx of buyers or is this an exception? Are all meme stocks full of hype doomed to fail in the long run if you don't pump and dump? + +I know I flaired this dumbfuck discussion but I'm the dumbfuck here, i kinda want a legit answer. + +Are stocks surrounded by hype doomed to fail (generally) or was Z1P an outlier? +We need a $0 brokerage cost platform. The biggest barrier to investing for most people is the 10-20$ brokerage. + +Most of us don't have 100k laying around to just throw in the market - we need to buy stocks slowly ie put in 100-200 every week or so to build a position and a portfolio. + +Even Selfwealth which is $9.5 and the ASX_bets popular choice is pretty steep when you're comparing it some of the $0 brokerage platforms the U.S has... + +Is there a possibility for $0 brokerage platforms for ASX stocks? + Okay so after doing my due diligence (Seeing the ticker in Commsec's biggest movers one day) I decided to invest $1400 into LRS sometime early last year at 0.07 a share. Have been following it off and on since then, I guess im completely autistic or something because didnt they recently come across 220M tonnes of someshit that people will pay for? Im not a fucking rocket scientist or anything and have no idea how much the shit is worth but lets say they make a $1 profit off each tonne after production / Mining costs that would net that 220M profit? (im assuming profit margins will be alot higher anyway). Is there something i'm missing here? can someone please explain why its trading at like a 50m market cap, cheers. +Hey everyone, I've written up a bit of a research piece on Austal, been following the company for a while. Would be great to get any feedback/hear anyones thoughts on my work. Sorry about all the screenshots too, couldn't get the thing to copy across from word. + +&#x200B; + +https://preview.redd.it/ubx7kt29ztt81.png?width=1476&format=png&auto=webp&s=e455616c55f3cdd998550474713b0ffd7deebcab + +https://preview.redd.it/v0u2utjdztt81.png?width=1484&format=png&auto=webp&s=cb75c0fb2d5fde68f808a4d105204151efdeea6b + +https://preview.redd.it/d1bf9u8gztt81.png?width=1514&format=png&auto=webp&s=594151b39ecaf67a04cad1e931305e375fcdb541 + +https://preview.redd.it/7kzx804jztt81.png?width=1468&format=png&auto=webp&s=ce921a65af21293abe9afbd76e4e7aba6a243212 +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! + +## Suggested Topics + +* Screenshots + * of your private chats + * of your exchange website + * of your favorite price ticker + * of article headlines without the article +* Wallet/Exchange + * recommendations + * complaints + * service outages + * troubleshooting + * fee estimation + * unconfirmed transactions +* All things price + * hodling + * the dip + * the moon + * price going up + * price going down + * technical analysis + * price on your smart phone + * price on your smart watch +* Stuff you bought with Bitcoin + * Hardware wallets + * Lambos + * Teslas + * Pizza +* Questions + * Buying Bitcoin + * Selling Bitcoin + * Storing Bitcoin + * Newcomer questions +* Bitcoin Showerthoughts +* Bitcoin license plates +* Interesting threads +* Future speculation +* News of the day +* Memes, GIFs +* Twitter links + +**Your price screenshots and repetitive submissions are being removed, so please stop submitting them!** + +Please check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/7hoqas/daily_discussion_december_05_2017/) for unanswered questions. +Hey everyone, + +I was just curious about a few of my work colleagues lying about the hours they work per week to get the Covid-19 payment. Normally they would work less than 20 hours a week but they have stated that they work more than 20 hours a week to get the $750 p/w instead of $450 p/w. I personally thought that was a really low cause some people actually really need that whereas there are others who are lying to get it. Is there a way they can get caught or there is nothing that can be done about it? + +Edit: Thank you for your replies - no I am not going to be reporting them. I was just curious whether they would get caught at a later date. +Ive seen a number of posts on here where people have had realitivy modest savings, yet have hundreds of thousands in crypto. + +Is this a true reflection of whats going on? + + I feel like Ive missed out on a gold rush, but don't understand how the average person has benefitted so much. +I noticed a bit of a loophole a while ago with personal loans from various providers. I used the loophole myself in the past and advised my friend to when he was buying car and almost took out a £4800 loan at a high rate and it worked for him too. + +[I've also mentioned it on another post today](https://www.reddit.com/r/UKPersonalFinance/comments/ok09v3/would_you_take_out_a_loan_to_get_implants_for_2/) but as it's quite a helpful loophole I felt it could benefit the community to have it highlighted in its own post. + +So, let's get into it... + +There seems to be a trend amongst personal loan providers, where the advertised interest rate seems to go in 3 tiers (each provider may vary, but I've seen quite a few with these tiers): + +* < £5k very expensive (e.g. 10% APR) +* 5k - 7.5k quite expensive (e.g. 4%) +* £7.5k+ cheapest (e.g. 3%) + +So the more you borrow, the cheaper the rate you'll likely get. Combine this with the fact that a lot of providers allow to overpay without any charges or penalties... you may see where I'm going with this... + +Basically, if you need to borrow less than £7.5k (or whatever the threshold is for the cheapest rate with your provider) just borrow £7.5k and then repay the extra that you don't need straight away. + +For example, say you want to borrow £4k for a new car. You either: + +1. borrow £4k and pay 10% APR on that £4k, or... +2. borrow £7.5k at 3%, pay back the £3.5k you don't need as soon as you can and then you're only paying 3% on the £4k you actually want to borrow. + +I'd be interested in knowing if there are any downsides to this (e.g. negatively impacting your score or if any loan providers block this kind of behaviour) but in my experience it's worked well and saved hundreds in interest. The big risk I can see is people planning to do this, but then seeing the extra money in their bank and spending it instead of paying it back. You'll need to resist this urge! + +Sorry if this is common knowledge. Even if it helps 1 person save hundreds of pounds in interest, I suppose it's worth the time taken to type this out :) +There's a new video from Ben Felix again advocating for significantly less than the 4% rule. Interesting perspective, especially considering on this and similar subs 3-3.5% is considered extremely safe. He's definitely a credible guy with thoughtful videos and citing research so not one to immediately dismiss. + +[https://youtu.be/1FwgCRIS0Wg](https://youtu.be/1FwgCRIS0Wg) +The more they lose the stronger they need to attack. + +We know the media said short sellers covered their calls, this tho is a way to ruin you psychologically. When you believe in 1 thing and your hope gets crushed you'll feel sad, but when you believe in 10 things and all your hopes get crushed you'll feel depressed and hopeless. That's what they're trying to do. + +They're trying to make you believe they covered their calls but we've seen today they didn't, they're giving you false hopes to later crush them all and make you feel like shit. + +This'll probably work on the weakest of us who will sell cause of this, so the price may fall, except for another thing, as counterintuitive as it may sound (and a psychological war often is counterintuitive) they may even buy a lot of shares to let you see those big green candles to later sell everything and make you see the huge red candles caused by their selling and by the other investor's panic selling. + +I wouldn't be surprised if they have a team of people with a psychology degree to help them achieve what they want. +To most of you this will seem painfully obvious, so I've got a nice easy one for you to solve + +19, Single, 21.5k p/a + +looking to move out of parents house into a single flat. Can I afford it without having to only eat rice in the dark? Moving in with someone isn't an option as my friends are either shacked up, untrustworthy or have no intention of moving out of their folks' place. + +Most flats Ive been looking at are ~6-700 p/m (south east) + +Most listings on zoopla claim council tax band A but the gov.uk website normally claims otherwise. Also Do the council contact you for payment or are you expected to go out of your way to pay? +I like to have around at least 4K-5K in my bank account as a buffer and just to feel good. But today I was thinking...it's just sitting there doing nothing, my monthly expenses are not 4k. Should I take a large chunk of that and invest/pay off student loans? Should I really be entertaining around 1K-2K in my chq account? +Hi all, this might be long, idk yet. Any input is extremely appreciated. + +I will be moving to the UK (from Turkey and I'm a Turkish citizen) to work as a doctor in the NHS in a couple of months, hopefully. I don't want to bore you all with the details. I really don't mind if you correct me at anything, I'm trying to adopt to a whole new culture & country so it is quite possible for me to make mistakes. + +I am not sure of all the details yet but I need some serious financial advice. + +I will be working as a junior doctor in the NHS, still looking for jobs but considering my level and possible work-load, I assume I will earn around £2-2.5k after tax per month, maybe close to £2.7k if I have the energy to do extra shifts. Sorry I am so used to calculating my salary monthly, I think I need to get used to mentioning it before tax and annually, this is how it is in the UK right? + +I will be in England, not sure about the city yet but it will not be important for my questions. My goal is to just adapt the new culture, try to fit in and become a citizen of the UK but in the first years I will be on a working visa. + +I have saved up around £15k in 2 years while working as a doctor in Turkey. It may not be much but considering I was earning around £1-1.2k and I have already spent around £5k to the exams and travels, you can understand how important this money is for me. I literally didn't spend on anything unnecessary in the last 2 years to start my new life in the UK. + +I want to move this money to the UK. I don't know what's the best way to do that. I have already paid taxes in Turkey so you can understand that I don't want to pay them again in the UK. Should I just shove it in my suitcase as cash and declare it at the customs and then deposit it in a bank in the UK? To be honest, I don't know if I can just walk into a bank and deposit it as a cash to my bank account (I could do this in Turkey, no questions asked)? Should I accept the bank transfer fees and transfer it digitally as soon as I open a bank account in the UK? Should I use money transferring websites (I used transferwise with ease before)? + +&#x200B; + +My next question is, I want to buy a house in the long run in the UK and I don't like taking risks with my money. I will be renting initially but as soon as I find the city that I like, I will consider buying. What's my best option to do with the money that I have already saved? I hope to be able to add to that regularly as soon as I get settled. I was thinking of sparing £5k for emergencies but where should I save it, what type of account am I talking about? What should I do with the remaining £10k? + +&#x200B; + +Other question is about pensions. I have read that NHS offers a decent pension. Is it possible to contribute extra to that? Do you recommend it or should I do something else if I have any money left? + +&#x200B; + +Other related financial information, I will need to withdraw around £4-5k in 5-6 years for some personal matter. + +&#x200B; + +I knew how to spend my money so far but this is something new and I am really open to any suggestions, even as simple as "don't use bank x, their iOS app is not good". I have been very interested in my payslips, my bank contracts, my pension contributions, taxes etc. and I gained quite a knowledge on those in Turkey. I am not trying to brag or anything but I feel really sorry that all that knowledge will be useless now and I will somehow lose all my savings (or not be able it use them well). + +Money is not the priority in my life, I just want to have some help in the beginning. + +Edit: Is there a source that I can have a look to understand about different bank accounts and simple economic terms of the UK? + +Edit 2: I can’t thank you all enough. UK has the best community on reddit for sure. All your replies and messages mean a lot to me. I am glad with my decision and I hope that I can also help you if our paths cross in the future, just ask every doctor from now on if they are the one asking for a financial advice on reddit :) Jokes aside, thank you and have a great day! +[http://svrn.co/blog/2017/5/14/waiting-for-the-market-to-crash-is-a-terrible-strategy](http://svrn.co/blog/2017/5/14/waiting-for-the-market-to-crash-is-a-terrible-strategy) + +Edit: For clarification, I employ both strategies to a certain extent. I allocate a % (albeit small) of my portfolio and contributions to staying in cash for the sole purpose of buying particular stocks when the market dips (as u/learner1314 stated) while also employing a buy-and-hold strategy for the bulk of my portfolio. Just posting this article for information purposes. Edit #2 ~~u/JustAsIgnorantAsYou is spot-on that money earned in interest while staying in cash is omitted. I didn't think of that while perusing the link so I'd be curious what the author's reason is for doing that.~~ + + +I'm looking for some podcast recommendations. Specifically, macroeconomics/US economy and segment oriented deep dives. What I don't want is specific stock analysis or anything in that vein. Ideas? + +Edit: TY all. I now have enough material to listen to until I die. +#Edit: + +Hi everyone, + +**The AMA has now closed** as we have to get back to helping clients getting in touch with us on the phone and online. Thank you all so very much for posting your questions. If you'd like to know more about us and how we help, please visit our website. + +Debt can be hard, and talking about it can be even harder. but please know that you're not alone and we're here to support you however we can. In the meantime, we wish you all the very best. In the immortal words of Bill and Ted, please continue to be 'Excellent To Eachother'. :) + +Best wishes, + +Allen and Rachel at StepChange Debt Charity + + ------- +**Do you find it difficult to talk about your debt problems?** + + StepChange want you to know that they have a free, online debt advice service that you can access 24 hours a day: + + www.stepchange.org/start + + You can put a budget together at your pace, and you can also talk it over with an advisor through online chat. + + **About StepChange Debt Charity** + +StepChange is the largest debt charity in the UK, and over the last 26 years they’ve helped well over 5 million people with debt. + +They offer free debt advice that’s based on a comprehensive assessment of your situation. They also provide practical help and support for however long it’s needed. + +**Get your debt questions answered here!** + + For the next few hours, trained advisors from StepChange Debt Charity are here and waiting to answer your debt questions. They're a friendly bunch so please don't be shy! + + Unsure whether or not you need debt advice? Try the [60-second debt test](https://www.stepchange.org/debt-test.aspx) on the StepChange website. By answering a few simple questions, you’ll quickly find out if you’d benefit from free and confidential debt advice. + +Important: The advice provided to an individual poster is based only on the information provided by that poster. Advice on this thread is also particular to the individual who has asked for it and is likely to be specific to that person’s situation. A poster may have provided further relevant information by private message which will not appear on this thread. + +Important: FCA regulations mean that StepChange is unable to give full debt advice or recommend any debt solutions through this AMA. If they feel you’d help from getting a full debt advice session, they’ll mention that in the reply. + +*If you need free and confidential debt advice that’s specific to your situation, please use the online debt advice service listed above, or contact StepChange by telephone. [More details on the Contact Us page](https://www.stepchange.org/contact-us)* + +Additionally, StepChange can’t give advice on self-employed or business debts. For more help with these, you can talk to fellow charity [Business Debtline](https://www.businessdebtline.org/) + + ------- +I fail to understand Alphabet's two stock classes acting so divergent today. + +As background, they stopped making sense to me once GOOG (the non-voting share class) rose and stayed above the price of GOOGL (the voting share class) in 2018. Just doesn't make sense as to why an equivalent share of stock, with the added benefit of voting rights, would trade less than the non-voting shares. SMH. + +But today's action has me baffled again... Why would GOOGL rise $100/share while GOOG looses a few bucks a share? Did Alphabet announce a share buy-back for GOOGL and not GOOG, or is there something else I missed? I read through the earnings coverage, but I did not find mention of this. + +Any insight would be appreciated! +Microsoft recently released an update to Excel for Office 365 that allows you to import stock data. See how [here](https://support.office.com/en-us/article/get-a-stock-quote-e5af3212-e024-4d4c-bea0-623cf07fbc54). + +They have data from[ a bunch of different exchanges](https://support.office.com/en-us/article/about-our-data-sources-98a03e23-37f6-4776-beea-c5a6c8e787e6?ui=en-US&rs=en-US&ad=US) around the world. + +The data includes things like last trade time, price, open, close, 52 week high/low. Also they have some mutual fund specific things like the year it started, expense ratio, total assets. + +I'm pretty sure you need Microsoft Excel for Office 365, not any old versions. You can see your version by going to +File->Account. + +If you have Excel for Office 365, but don't see the feature, try File->Account->Update Options->Update Now to force an update. +My nearby college campus offered free COVID testing, I signed up online and filled out all the forms. I did this back in July. Today I get notification that my health insurance is denying a $1,675 claim and is only covering $125 of the claim. I did two tests (one for me and one for my wife). So now I apparently owe $3,000 for both tests because my health insurance says "its past our $125 threshold and it's out of network". + +No where at all did they ever say I would be charged, they specifically said testing is free. I am not and do not want to pay $3,000 for this. + + +UPDATE: The company that conducted the COVID test confirmed that they do not balance bill and follow the ACA law. I should be good. +***A bit of background:*** + +I moved to San Francisco in 2008 to attend college, and have been living and working full-time here ever since. Over the last few years, I've been feeling increasingly less safe, more jaded, and more depressed living here, particularly in the last year or so. + + +The desire to leave San Francisco to move back to my beautiful coastal hometown two hours away (where my beloved family still lives) has always been a persistent thought in the back of my mind, but it was absolutely **screaming** at me today during my first day back at work after a 12-day hiatus for the holidays. + + +While I hate the thought of hopping off a lucrative gravy train that's plowing along at full speed, I am certain that making a 2+ hour driving commute to work five days a week if I moved would make me even more miserable (considering that my current commute is 15 minutes by bike). + + +In light of that, I am currently in the process of drafting a formal proposal to my manager and HR to see if they will allow me to be a semi-remote employee (on-site Monday/Tuesday, remote the rest of the time) or a part-time employee (24 hours / week, on-site Monday, Tuesday and part of Wednesday) -- this would not only allow me to alleviate the distress of having to live in this urban environment, it would also eliminate my disdain for having to be in an office environment every single day (plus, it could actually save the company some money!) + + +Having been with the company since 2010 (an intern/contractor for the first two years, and a full-time employee for another six) and consistently received more than satisfactory performance reviews each six months, I feel like what I'm asking for is certainly a bit unorthodox, but not completely outlandish; that being said, I am well aware that the only way I can truly add some teeth to my request is by providing the ultimatum that **I will resign by XXXX date if we can't reach an amenable modification to my employment arrangement**...which brings me to the main point of the post. + + +***The main question:*** +I have been able to max out my 401(k) each of the last five years and planned to do so again in 2019. Every year past, I always set my contribution to the max of 50% in order to reach the limit as soon as possible -- based on my new salary for this year, my math says it would take me until April 26th to hit the new $19K maximum; however, I'm just not sure I have it in me to continue living here in the city that long and working just for the sake of maxing out a tax break when I could live happier, and closer to family (for $900/month less, to boot). + + +If I end up quitting before I max out on April 26th, it seems like quite a bit "left on the table", so to speak. So I suppose the question is this: **how much am I really giving up if I quit before I max out my 401(k) contributions for the year?** + + +If I end up quitting this job, it is very likely that I wouldn't be obtaining a new traditional W-2 job later this year (and if I did, it would be *much* fewer hours and lower-paying than my current role) -- in light of that, I feel like it would probably be very helpful to have as many deductions on my 2019 tax return as possible. If it makes any difference, I estimate my total year-to-date wages would be about $45K if I left on April 26th. + + +(On a related note, would it be worth continuing to work until I had enough extra money to make my full $6,000 IRA contribution and $3,500 HSA contribution for the year? Can't deduct the HSA because California doesn't recognize it as a deduction for state income taxes, but putting more money in my tIRA would theoretically make it easier to get it converted over to my Roth IRA and "seasoned" so I can tap into it tax-free in five years.) + +Hoping to get some insight/advice from the FIRE crowd who understands where I'm coming from -- since I can't really ask of my friends for advice on this, I suppose it's best to ask a bunch of like-minded internet strangers :) +So I’ve run into a lump sum of money that will be leaving me with an estimate 550k tax liability for taxes next year (fed/state). It’s a good problem to have obviously, but I will have the money for the next 8 months before I pay taxes and was wondering what you guys would recommend for some good/safe dividend stocks. I know I can go a safer route and just go with a savings account or something and get half a percent, but I’m willing to take a little risk to get a better return. I don’t plan on dumping it all into one dividend stock and would like to diversify into various stocks and index funds, but dividends sound tempting due to the gains and potential tax I avoid if it’s a type of dividend which I still don’t understand. + +Thanks in advance for your input +While doing my research, I keep writing down the ETFs/Stocks that I would like to invest in, I didn't realize the list became huge lol. I don't have much money, I could only put in around $500 a month. Obviously, I wouldn't be able to maintain or dca in every stock with this kind of list. I'll be buying and holding forever. + +https://preview.redd.it/o5b6exh2whq81.png?width=347&format=png&auto=webp&s=69fcfa6c0ad158ac31579ebcdb0877c4254db63b + +Additional question, how do you pick only a handful of ETF/Stock without the feeling of FOMO? There are a lot of high yield solid companies out there. 😅 +While doing my research, I keep writing down the ETFs/Stocks that I would like to invest in, I didn't realize the list became huge lol. I don't have much money, I could only put in around $500 a month. Obviously, I wouldn't be able to maintain or dca in every stock with this kind of list. I'll be buying and holding forever. + +https://preview.redd.it/o5b6exh2whq81.png?width=347&format=png&auto=webp&s=69fcfa6c0ad158ac31579ebcdb0877c4254db63b + +Additional question, how do you pick only a handful of ETF/Stock without the feeling of FOMO? There are a lot of high yield solid companies out there. 😅 +read the New York Times article and discuss: https://www.nytimes.com/2020/04/06/business/economy/coronavirus-economy.html?action=click&module=Top%20Stories&pgtype=Homepage + +Essentially, economists say, there won’t be a fully functioning economy again until people are confident that they can go about their business without a high risk of catching the virus. + +“Our ability to reopen the economy ultimately depends on our ability to better understand the spread and risk of the virus,” +I was 50% in on DRS when I transferred out two weeks ago. I did my part, and know all apes will follow through with DRS. + +But then it hit me on how important that other 50% is. While I know whales are among us, the x and xx hodlers are imperative to this process. 50% of our shares might be enough... But i'm not taking those chances. + +I'm going to proceed to call Fidelity and transfer the rest of my xx shares to ComputerShare. Following that, I will procede to purchase x share through IEX on Fidelity. + +Now, if you're not at least 90% with DRS, I personally believe your brain is telling you there's a chance MOASS isn't happening. + +WRONG. + +DRS your shares, leave x in Fidelity come MOASS if needed, and drown these FUCKING Short Hedge Funds. + +I personally believe that we can either wait on the sideline and we will (eventually) drown the shorts. + +But, i'd rather put the pressure on these sly fucks EVERY SINGLE DAY with DRS. + +My. Fucking. Shares. + +TLDR: Going 95% DRS minus x share on Fidelity, and fuck your shorts. (Edited for technicality) +I was 50% in on DRS when I transferred out two weeks ago. I did my part, and know all apes will follow through with DRS. + +But then it hit me on how important that other 50% is. While I know whales are among us, the x and xx hodlers are imperative to this process. 50% of our shares might be enough... But i'm not taking those chances. + +I'm going to proceed to call Fidelity and transfer the rest of my xx shares to ComputerShare. Following that, I will procede to purchase x share through IEX on Fidelity. + +Now, if you're not at least 90% with DRS, I personally believe your brain is telling you there's a chance MOASS isn't happening. + +WRONG. + +DRS your shares, leave x in Fidelity come MOASS if needed, and drown these FUCKING Short Hedge Funds. + +I personally believe that we can either wait on the sideline and we will (eventually) drown the shorts. + +But, i'd rather put the pressure on these sly fucks EVERY SINGLE DAY with DRS. + +My. Fucking. Shares. + +TLDR: Going 95% DRS minus x share on Fidelity, and fuck your shorts. (Edited for technicality) +As many of you may know, there have been an influx of users to this sub in the last few weeks, and this has lead to a lot of spammy posts and a too many memes. It is difficult for people to actually find information that is useful, so I will be removing more posts than normal in the upcoming weeks. + +We do not want this sub turning into another wallstreetbets. + +We may also recruit some new mods to help with the moderation. + +Thanks for understanding and good luck trading! +Rocketdash NFT Game Preview Has Finally Arrived + +[https://twitter.com/AstroElon/status/1455681597752107008?s=20](https://twitter.com/AstroElon/status/1455681597752107008?s=20) + +[https://twitter.com/AstroElon/status/1455675611205312513?s=20](https://twitter.com/AstroElon/status/1455675611205312513?s=20) + +&#x200B; + +Vitalik Just Burned 387t Tokens!!! + +&#x200B; + +Our gasless NFT Marketplace and Rocketdash will be released in a matter of days! + +Currently we are up 542% on the week and buys just keep coming in. That's SHIB momentum! Look at the dex chart if that's not the sexiest thing you've ever seen then you ned a new set of glasses! + +&#x200B; + +ELONONE is a hyper-deflationary, holder-rewarding ERC-20 Protocol. A 2% tax is applied to each transaction which is instantly and automatically re-distributed to all existing holders of ELONONE at the time of each transaction. + +\#ELONONE is fully owned and governed by its amazing community. Our volunteers AKA 'Cadets' consistently discuss new ideas and help build #ELONONE into the most positive and impactful community in crypto. Salute to the Cadets! + +The #ELONONE project is safe, with a 100 year liquidity lock and a successful security audit by Solidity Finance. + +&#x200B; + +🌟Upcoming: + +✅Gasless NFT Marketplace with DROPS feature + +✅Rocketdash 3D NFT racing game with gambling features + +✅FEGEX listing + +✅Tons of partneships + +&#x200B; + +📝Contract: + +Address: 0x97b65710d03e12775189f0d113202cc1443b0aa2 + +🔗Links: + +📈Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0x9ec5149472db6acffb9023a47d37b4ecbcf68a4b](https://www.dextools.io/app/uniswap/pair-explorer/0x9ec5149472db6acffb9023a47d37b4ecbcf68a4b) + +🗣Facebook: [https://www.facebook.com/groups/557839712083505/permalink/570815420785934/?sfnsn=mo&ref=share](https://www.facebook.com/groups/557839712083505/permalink/570815420785934/?sfnsn=mo&ref=share) + +📱Telegram: [https://t.me/astro\_elon](https://t.me/astro_elon) + +🤝Audit: [https://solidity.finance/audits/AstroElon/](https://solidity.finance/audits/AstroElon/) + +🔐Liquidity Lock: [https://team.finance/view-coin/0x97b65710D03E12775189F0D113202cc1443b0aa2?name=ASTROELON&symbol=ELONONE](https://team.finance/view-coin/0x97b65710D03E12775189F0D113202cc1443b0aa2?name=ASTROELON&symbol=ELONONE) + +💻Discord: [https://discord.gg/aKUCQtVRFf](https://discord.gg/aKUCQtVRFf) + +🦎CoinGecko: [https://www.coingecko.com/pt/moedas/astroelon](https://www.coingecko.com/pt/moedas/astroelon) + +🔗CoinMarketCap: [https://coinmarketcap.com/currencies/astroelon/](https://coinmarketcap.com/currencies/astroelon/) + +🌎Website: [https://astroelon.net/](https://astroelon.net/) + +🐦Twitter: [https://twitter.com/AstroElon](https://twitter.com/AstroElon) + +💬TG Announcements: [https://t.me/astroelonannouncements](https://t.me/astroelonannouncements) +Ok, quick little analysis here Apes, to go into a bit of detail on what we ALL already know. + +MSM spins shit. + +Today we will be picking on [Barrons.com](https://barrons.com/) with their Article titled: + +Fed Says Meme Stocks Pose Risks to Financial Stability + +Source: + +[https://www.barrons.com/articles/fed-meme-stocks-financial-stability-51636420320](https://www.barrons.com/articles/fed-meme-stocks-financial-stability-51636420320) + +\-------------------------------------------------------------------------------------------------------------------------------- + +Before we jump in... take a second to Follow me on Twitter here: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +And check out some Youtube Videos I made here: [https://www.youtube.com/channel/UCYjNfatgzl-TRm-ffNfnZdQ](https://www.youtube.com/channel/UCYjNfatgzl-TRm-ffNfnZdQ) + +Why am I begging for followers and views? + +Because it means more people will see my content! Duh... + +\--------------------------------------------------------------------------------------------------------------------------------- + +Ok, Paragraph 1. As a Journalist, this is their opportunity to try suck you into the article, so they are going to try and get the juicy stuff in before providing some background. Here's what Barron's had to say to try and draw in its readers: + +>The Federal Reserve said stock market volatility linked to a surge in new investors who share tips on social media and invest in meme stocks could be a risk to the financial system, according to the central bank’s latest [twice-yearly](https://www.federalreserve.gov/publications/files/financial-stability-report-20211108.pdf) financial stability report. + +The points to reference from this paragraph: + +* Market Volatility LINKED to a surge in new investors could be a risk to the financial system +* And we share TIPS + +Well lets take a look at this twice-yearly financial stability report shall we? + +QUICK CTRL F for the word "Tips" + +&#x200B; + +https://preview.redd.it/slmn6244nly71.png?width=413&format=png&auto=webp&s=2b9a85eaf2bb4ea8a4f0f0ac09ff7b44f188aceb + +Hmm... NO RESULTS FOUND!! But how could that be MSM? You SAID they are sharing tips according to the FED??? + +Maybe it was just 1 Tip they shared was it? + +(Insert just the tip jokes) + +&#x200B; + +https://preview.redd.it/iibvfpj8nly71.png?width=414&format=png&auto=webp&s=dad004895dccc72cbf9e5251a245cba5857531db + +Ahhh.... 6 results! NOW we are getting somewhere... + +BUT WAIT... each one of these results are in reference to the word "Multiple" + +So there is ACTUALLY NO MENTION OF TIPS OR SHARING OF TIPS IN THE WHOLE REPORT!?? + +Then why say that? + +Oh... you are not quoting the report with that statement... you are merely IMPLYING it from the context of the report ya? + +Ok well lets look at where you might be pulling that context from shall we??? + +SEEMS LIKE THIS MIGHT BE IT: + +>The widespread use of large, open social media platforms has also shaped how some retail equity investors communicate about markets. Recent academic papers have shown that social media can increase the information flow to retail investors as well as the amount of “noise” in markets from retail investor trading.10 In addition, social media can contribute to an “echo chamber” in which retail investors fi nd themselves communicating most frequently with others with similar interests and views, thereby reinforcing their views, even if these views are speculative or biased.11 More generally, social media platforms allow a single comment or post to reach millions of people and potentially affect market sentiment dramatically within a short period. + +So you read this as WE ARE SHARING TIPS... + +And you tell your MILLIONS OF READERS that this is what we are doing??? + +What it actually says is: + +* Retail investors get more information +* This is leading to an increase in Noise in the markets +* Retail Traders meet like-minded Traders online which gives us confirmation bias (Whether right or wrong) +* And that a single post can reach millions of people and change market sentiment + +FUCK YOU FOR LYING TO YOUR READERS!! + +Let's see how else you lied shall we? + +\------------------------------------------------------------------------------------------------------------------------------- + +Market Volatility LINKED to a surge in new investors could be a risk to the financial system + +\- This is your big claim. The GOAL of the article. + +You even quote the report here: + +“more frequent episodes of higher volatility may require further steps to ensure the resilience of the system.” + +Which was actually MISQUOTED... AND... taken out of context. + +Your quote MISSED the word "Financial", the quote should have been: + +>More frequent episodes of higher volatility may require further steps to ensure the resilience of the financial system. + +And taken in context with the SENTENCE BEFORE THIS: + +>Third, the risk-management systems of the **relevant financial institutions** may not be calibrated for the increased volatility or financial losses that could result from the trends highlighted here. More frequent episodes of higher volatility may require further steps to ensure the resilience of the financial system. + +So let me get this straight... because IT'S ACTUALLY HARD NOT TO LAUGH!!! + +So what you're telling me, is that the report actually said: + +Hedgies are fucked. They MIGHT not be calibrated to handle the Apes. + +And you try spin this to: + +Apes are putting the entire financial market at risk? + +lmayo... + +And how about this paragraph from your article: + +>Swings in the prices of popular meme stocks such as [GameStop ](https://www.barrons.com/market-data/stocks/gme)(ticker: GME) and Popcorn Entertainment (popcorn) so far have had a limited effect on financial stability, the report concluded, but new, younger investors tend to have higher debt and often use options, two factors that could exacerbate losses in a downturn. + +(Quote inserts Popcorn to bypass automod. u/Mods potentially disabled keywords like this for quotes?) + +IMPLYING that our use of options is what could exacerbate the issue? + +When actually taken in context, this is Fed issuing a warning about leverage for new traders which might pose a risk to them... and more focused on protecting inexperienced traders: + +>However, a few areas should be monitored. First, younger stock investors tend to have more leveraged household balance sheets. The median leverage ratios of younger retail investors are more than double those of all investors, leaving these investors potentially more vulnerable to large swings in stock prices, as they have a larger debt service burden. Moreover, this vulnerability is amplifi ed, as investors are now increasingly using options, which can often boost leverage and amplify losses. + +AND... speaking of options BTW... Did you know that THIS IS WHERE THE BEST PFOF RATES ARE PAID? + +So you are telling me that companies like Robinhood have been incentivized to get more traders USING OPTIONS... + +That PFOF has brought in a surge of new investors, who are now wisening up and turning on those who brought them in, in the first place? + +Seems like Karma to me motherfuckers! lmayo. + +\-------------------------------------------------------------------------------------------------------------------------------- + +Follow me on Twitter here: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +And check out some Youtube Videos I made here: [https://www.youtube.com/channel/UCYjNfatgzl-TRm-ffNfnZdQ](https://www.youtube.com/channel/UCYjNfatgzl-TRm-ffNfnZdQ) + +Why am I begging for followers and views? + +Because it means more people will see my content! Duh... + +\--------------------------------------------------------------------------------------------------------------------------------- + +FUCK YOU MSM: + +&#x200B; + +https://preview.redd.it/j28ytl26mly71.png?width=1200&format=png&auto=webp&s=23715ebec3d06d32449d517b240b6fdd57cc4ba6 +Take a step and feel massive confirmation bias on this point. BR has been liquidating the fuck out of a lot of positions (hence why gme as a % of portfolio doubled in Q1). If they didn’t sell in jan, which could’ve explained the >100% inst ownership numbers, they will certainly see this through. And more than the OS is held for sure now. This is a massive data milestone that I have been silently worried about, and everyone should realize how bullish this is. And don’t give me bs about we don’t need Blackrock etc that’s not the point, if you can’t appreciate the significance dont comment bruh +I'm excited and just wanted to share with someone. + +After starting around this time last year, I finally have my 6 month emergency fund saved up. + +It would actually be even higher (around $24,000) but a few emergencies came up along the way, which only reinforced my wanting to get an e-fund setup. + +Some might think it's too much, but I'm going to shoot for 12 months' worth of expenses put aside. + +(And technically, planning for $3k in expenses per month includes a $300 cushion, so it will be a little more than 12 months worth) + +**A few (obvious, but helpful) things that helped me along the way:** + +* Last year, I used a tax refund to pay off the remaining ~$4k of an auto loan. Rather than enjoying not having that monthly payment anymore, I've continued to put the same amount in savings each month. + +* Similar to that, once the payments I was making to help my fiancee with her car were no longer necessary...I continued budgeting the same amount each month, putting it in savings. + +* I kept hearing about the rule of saving 10-20% of your income ("paying yourself first"). So I decided on a certain percentage and use that as my base amount of savings each month. + +**Note**: Just making this conscious decision to save a certain percentage each month and treating it like a due bill was a HUGE mindset shift. + +I went from having a decent salary but somehow living check-to-check, to suddenly "finding money" and saving a nice chunk (~$900) as a baseline each month. + +* Whenever at a store or shopping online and thinking about buying stuff I don't actually need, I would consider if it was actually necessary or not (usually isn't!). However, since I already had that "twinge" in my brain that I was going to spend the money, rather than leaving it sit in checking to potentially get used up somewhere else unnecessary, I transferred the amount to savings. + +* Know the ol' change jar? Just for fun, I setup a secondary savings account (within my main one). At the end of each day, I would use my online banking to check my checking balance and round down my current balance to the nearest dollar or two by transferring it to this sub-account. For example, $102.37 might get rounded down to $102 or even $100. Over the full year, I saved an extra ~$380 by doing this. + +* I stopped paying retail for as much stuff as possible, including groceries. Simple stuff like going when meat is still fresh but marked down because it is expiring the next day, sometimes subbing fresh produce for frozen, checking out the discounted section where stuff is around 70% off just because the box got dented. + +(Maybe I should also coupon, but I don't.) + +* The more controversial one (wasn't necessary for savings, but was a fun way to do so on occasion): I also got into occasionally going out and dumpster diving. It's not for everyone, but it's not as gross as it would sound. [Found everything from food and household stuff](http://imgur.com/a/wXTnU) (ex. a year's worth of laundry detergent because one bottle got damaged and leaked all over the others), to other stuff that could be donated or sold. + +(Check out /r/dumpsterdiving if you'd like) + +* **EDIT**: I forgot one other really useful thing I did: I wrote down all the monthly bills I have, and then estimated the "worst case amount" for things like my utilities. I then took all the bills and the budgeted amounts and put that into a spreadsheet. Then, I created an extra column for the "actual" amount (this gets plugged in when you get your actual bill). Then, made it so that the "budgeted amount" subtracts the "actual" amount and shows the exact dollar difference. + +Ex. Budget for water bill: $100. Actual bill: $63.45. The spreadsheet would spit out "+$36.55" as the difference, and do that for all bills, giving a total amount. Since I already budgeted worst case and planned on not having that difference, it also went into savings. + +* **EDIT 2**: Someone asked about this spreadsheet, and I promised to upload it and come back with a link. However, I can't find that comment now, so I'm going to put a link here. It was created in Numbers (Mac), but [hopefully the Excel version I exported](http://www.filedropper.com/monthly-difference-calculator-xl) works. If there's a better site I can upload to, please let me know. + +[Here is the Mac version, too.](http://www.filedropper.com/monthly-difference-calculator) . Where "$108.53" is, is where the difference/total amount of money not used as part of the budget is shown. + +I'm sure I'm missing some stuff, and I know this is all very simple, but it's what has worked. + +**Discussion**: what is your emergency fund goal? How close are you? What are your tips or habits you use to save more money? + +Cheers! + + +Good Morning Apes! + +Well let's figure out what happened yesterday. First it was definitely ETF FTD covering but I'm still unsure as to how. ETF FTDs were due last week by Thursday and while there were some married put/call setups on the options chain I didn't see enough interest on the weeklies to explain that many FTDs. Yesterday was however the settlement date for my last futures cycle date on October 28th, I will honestly have no idea if those are correlated until the FTD report comes out for 11/1 - 11/15. Other ETF related assets yesterday... + +[Other ETF stocks yesterday scaled for price GME, M, JWN, BBBY, NAKD, EXPR, etc...there are a bunch more ](https://preview.redd.it/s9qsqycmf6x71.png?width=2452&format=png&auto=webp&s=704efc3209495b719242f5a399d17cf6ed73fda2) + +So, there was also probably so FOMO due to LoopRing running and it's possible ties to GME. + +In addition we had an amazing technical setup with MACD, ADX, TTM Squeeze and BBKC all signaling a break to the upside plus a solid bounce on the EMA 120. + +[GME on the 1D timescale](https://preview.redd.it/2x2rnr03h6x71.png?width=2449&format=png&auto=webp&s=0d2ce550b7dfec0ec42623715fc29377906cf5f6) + +I am still looking for the current FTD report for the first half of August as the SEC has appearently failed-to-deliver it. If it comes out today I will be looking for an FTD spike on the 13th confirming that futures fail, and looking for evidence of increasing baseline FTDs due to DRS. + +For more information on my futures theory please check out the clips on my YouTube channel. + +Check out this weeks analysis here: N/A + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market + +So with the FTD data out I'm looking to dig into some of that tonight and will update tomorrow, the FTD spike on the 13th confirms at least the first fail of my futures theory, so that's exciting. I'm not sure if the current price action will sustain throughout the week but it looks good and we are holding that long-term trend. Also best closing price. + +\- Gherkinit + +https://preview.redd.it/3bol28yxn8x71.png?width=703&format=png&auto=webp&s=71fc061351c8f9e797b26122be715c62da545025 + +Edit 6 2:07 + +XRT ripping GME ripping nothing to see here nice bounce off that consolidation and looking at a possible test of 210 again. + +https://preview.redd.it/mb9j9vp738x71.png?width=1595&format=png&auto=webp&s=23ed6801e211c078b81138b4fdd0f3d05db107a6 + +Edit 5 1:04 + +Sorry for the late update... We failed that upper test at 210 and tested again coming off that double-top we fell onto VWAP regained some support and have picked up a lower volume uptrend. If volume comes in we look well positioned for another test at 210. + +https://preview.redd.it/ztdye18cs7x71.png?width=1604&format=png&auto=webp&s=57871f4e7dbf73f0c5ee0324e57cae798ac49a1b + +Edit 4 10:40 + +Increased volume indicating a buy-in possibly institutional, failed the test at 206 coming down for some consolidation and to find a support + +https://preview.redd.it/tyfb89w627x71.png?width=1603&format=png&auto=webp&s=5f9e47c31efde9ffd26e12861697c68c4a1b1233 + +Edit 3 10:18 + +GME with a nice bounce and some volume coming in + +https://preview.redd.it/tll37mtay6x71.png?width=1601&format=png&auto=webp&s=5e4898319cf803be22127f551346e2f69e517da8 + +Edit 2 10:14 + +Volume dying off as we failed the test on the EMA60 back below VWAP + +https://preview.redd.it/tgceij6ix6x71.png?width=1590&format=png&auto=webp&s=6dc245eab9511707facc7d70d21da9df104e5544 + +Edit 1 9:51 + +Looks like they are done covering, 100k shares borrowed from Fidelity minutes before open and a big push down to 192. it looks like we found some support however and can probably claw back into that trend line. + +https://preview.redd.it/il19erslt6x71.png?width=1602&format=png&auto=webp&s=a19c363c168144bcb99da848cdc0f076ea8a87f5 + +# Pre-Market + +GME -0.54% on 16.32k volume + +Shares to borrow: + +IBKR - 50,000 + +Fidelity - 621,724 + +GME is still holding that upper trendline and we do expect some more gamma exposure to play out today because it's T+2 from 10/29 options. In addition LoopRing is still ripping and media sentiment tying the two together is bullish. + +Ideally we will see GME trade some volume above that trend and cement it as a support once again. + +[GME pre-market on the 1m](https://preview.redd.it/jzxq8qt3k6x71.png?width=1605&format=png&auto=webp&s=eb0c5637d3bb68d887f30c44400b351cd615363e) + +*\*no significant arbitrage* + +**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.* 😁 + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I’m curious how many FI'ers, are here due to major, unexpected financial events - positive and negative but I suppose has to be net-positive - whether or not you were actively planning and working toward the goal? + +No judgement ofc - I expect it’s very common. I can count at least 3 or 4 windfalls - and just as many waterfalls, or whatever the negative corollary is to 'windfall' 😄 +I have a review of my portfolio today and wanted to get an idea of some good questions to ask to ensure they are managing it properly. I also want to get their sense of the market and how they have my portfolio positioned to mitigate any risks that are ongoing and may be coming. I sometimes wonder if they are bullshitting me and would love a couple questions that could potentially put them on their heels and make them realize to take these meetings and my portfolio management more seriously. +I've been a stay-at-home parent for 12 years, and our kids now go to school for full days (8-3:30). My partner is a physician and makes more than enough money for us to be comfortable, but I've become pretty efficient at keeping the house clean and preparing meals. + +How could I be the most financially helpful? + +1. I probably have 2-3 hours a day (during the school year) that I could dedicate to something. +2. Needs to be a job I could do from home, not enough time to commute. +3. Would be fine if it really ended up being something that wasn't very profitable, but was a great tax write-off. +4. I am handy (have tools, can fix things), somewhat artistic, have a B.S. in a science field. + +Thanks for reading! +We are 25. I just graduated college and got my first job (teacher) making $33,500. +Husband has no degree, works as a manager at a trucking company and makes $40,000. +Our monthly take home pay is about $4,300. + +This is our bill break down: + +Mortgage: 800 + +Truck: 450 + +Tractor (we live on land): 350 + +Car insurance: 250 + +Electric/water/gas: 200 + +Student loans: 550 + +Subscriptions (Netflix/gym/etc): 50 + +Gas (we both commute): 450 + +Groceries: 500 + +Credit card: 200 + +Hospital bills: 200 + +House repairs: 150 + +Total: $4150 + +So we should have $200 for savings, but just in general, life happens and it always gets used up. Usually traveling to visit mine or his family. About our house: we bought it 2 years ago for $90,000, no down payment (dumb). I think that is why our payment is so high. It is in need of major work (no floors on some spots, walls coming down), but luckily we do have some equity (~7% in it). We have thought about refinancing, and getting a home improvement loan to fix it, and making sure that when it is done we have 20% equity in it, so we could get out of PMI. I don’t think it would make our payment cheaper, because then it would be more like a $120,000 loan, but at least it would be more of an acceptable living space. I’m not into finance so I’m not sure how much any of this makes sense. +We just have no cash flow to get anything accomplished, which we need to get the house assessed if that is what we want to do. My car is on its last leg, luckily my husband can mechanic pretty good, but there’s only so much he can do for a 25 year old beater. I feel like we don’t live an extravagant life, and I know there are people worse off, but we just want to be able to put some money into savings and still have some left over for spending each month. I feel like we work pretty hard for nothing you know? I got a job this summer since schools not in session, and I’m hoping to finally save up for a vacuum cleaner lol. I’ve applied for an after school position next year, and hopefully I’ll get it and it’ll bring in some extra income. +Anyways. Sorry if this is not the right place! I’m newish to Reddit and definitely new to this sub! +Thanks!!! + +Edit: wow! Thank you all for the replies and advice! I thought I could reply to it all but I can’t, but I promise I did read everything. It may take 6 months to a year for us to get back on track but I can assure you we’re going to do everything we can, and I’ll update then! +I think tractor is going to be first to go. We will lose a little bit of money on it and then we’re going to buy a mower just to mow the lawn. Have not discussed the truck at all yet but maybe to come in. Going to work on budgeting my groceries better and cutting down on spending there. We’re working on fixing up an old junk car we had and is soon as it can be sold all of that will go to pay off the credit card bill and hospital bills. Also some really great advice we’re shopping around for some cheaper insurance and I’ve already gotten some really good quotes. It’s crazy what you can accomplish in just one day looking at budget with the help of people online. I know a lot of people probably read my post and thought that we were just stupid and immature with our money but an actual reality we just didn’t know what to do and got in over our heads before we did any kind of research. I thought that was a reasonable truck payment and we both felt at the time that a tractor was what we needed but we’re both trying to come to terms and learning a lot today. Have not shown my husband this thread he doesn’t really get reddit if you know what I mean but I have been talking to about finances today, he’s wondering why all the sudden I’m so interested: It basically boils down to I want to freaking vacuum cleaner ha ha! But for real I can live with a broom and a dustpan for another year if we can get our finances under control and put money towards that and savings thanks again! +P.S. sorry if I came off as rude or passive aggressive! Honestly just embarrassed and glad Reddit is anonymous. I really appreciate people taking time out of their day to help me. +There is some BAD misinformation about Property Managers on this Sub. I've seen more than one person claim that Property Managers HAVE TO use unethical business practices to make a profit. **If you have any idea of how regulated Real Estate is in most states, you know this is a joke,** and yet the misinformation persists. + +This misinformation is nothing more bad faith criticism by people who don't understand the PM model or were unlucky enough to get one of the bad ones. So I'm going to 1) set the record straight and 2) show you how to find a good Property Manager. + +**Credentials:** + +I'm not going to promote myself, one because I've switched to full time Real Estate Sales. For two... [I am a river to my people.](https://www.youtube.com/watch?v=noyFiYKlFJU) You do need to know some of my credentials. If nothing else, this should serve as a warning to you obnoxious posters that have 1-2 transactions under your belt who think you know something. + +* I own or have ownership interest in about 30 properties. A portfolio worth over $5 million +* I've been in & around ***RESIDENTIAL*** property management for 15 years. +* I looked after 620+ properties for about 140 owners. +* This portfolio was worth over $130 million. +* I've been licensed for 7 years, and I'm now what we call "BIC Elligible" meaning I could legally take start a PM firm if something happened to him. +* I am from a 3rd generation Real Estate family. +* My brother is a contractor. + +&#x200B; + +**Best Information First** + +I like to put my best info right up front. Here are some tips for finding a PM that's worth your time. Some of these aren't necessarily deal breakers for me, you just want to be sure you find a PM that fits your needs as best as possible. + +&#x200B; + +* **Call more than 1.** This should be obvious, but sometimes you have to state the obvious. +* **Google reviews are unreliable.** They can be bought and spammed with bots, you'll have to do the digging yourself. A good example of this are places with a lot of 5s & 1s with no in-between. +* **Check their online presence.** The more information on the website the better, but it should be clean and easy to navigate. I prefer drop down menus because those convey a lot of information in an organized fashion, but there is an argument to be made for the more mobile friendly designs as that's how much of the customer base looks for homes. When I was a PM, I had a website, Facebook, Twitter, and I used the MLS which farmed my listings out to 80 other platforms like Craig's list, Zillow, Etc. Don't use Joe Schmo because he'll do it for 6% if he doesn't have a damn website. Joe Schmo is missing out on 95% of the customer base. +* **How do they determine rents?** Ask about their comparison process. Do they just get the Zestimate? Or do they do a CMA for each property? +* **What are their vacancy rates?** IMO, unless we agree to renovate or test the market by getting aggressive on rents; a properly marketed property should be vacated, inspected, cleaned, and re-rented within **2 weeks of move out.** Any more than that and we have a problem somewhere. +* **Think like a tenant:** Tenants are how you make money. Tenants have a lot of options in the housing world, so you want to choose a PM that tenants like. If a PM is in a sketchy strip mall, Tenants aren't going to feel comfortable using that guy. I like PMs who have a clear sign, an open door, and plenty of parking. This indicates a customer minded PM to me. +* **CALL THE PROPERTY MANAGER,** someone who answers the phone within two rings, or at least gets back to messages quickly is more likely to get back to tenants quickly. +* **Check how they market their properties.** Do they have signs to market open properties (actually I hated signs for a while because they market the PM more than the house, but I'm coming back around to them. That's another post though)? Do they sort by area? Alphabetically? By Street Number? Rent High to Low? Low to High? Are the pictures clear? Are the descriptions accurate? Choose a PM that fits your needs. +* **Talk to the Broker in Charge directly.** Get a sense of his management style and philosophy. Is he very hands on? Does he answer your questions clearly and directly? +* **Check their pricing strategy.** A one time set up fee, with 10% of **collected** rents, is a fair rate for most middle markets. **Two clarifications**: 1) Obviously this will be higher in big markets like NY & CA. I don't pretend to speak for those markets, because I don't invest there. 2) Obviously if they need to call a plumber, that will get charged back to you, but there shouldn't be premiums on maintenance calls. Also see if they'll offer you a discount for 15+ properties. +* **Check their screening process.** I like credit scores of 650 or higher, clean criminal background, no past due balances to landlords or utility companies. I personally prefer an extra check with the Dean of Admissions/Housing, if local undergrads apply. I like to make sure they aren't constantly getting in trouble for under age drinking and partying. +* **What does the management agreement look like?** +* **What does the lease look like?** +* **How do they handle maintenance?** +* **Do they investigate repairs requests or do they automatically assume it's valid?** +* **Do they have maintenance fee caps?** +* **Do they get quotes for maintenance or do they have a select group of trusted vendors?** +* **Do they shop applications, or do they go by first come first serve?** + +There are dozens more topics that I could cover, but I'd be here all day. I'll stay active in the comments for a few days if you have other questions. + +&#x200B; + +**No Property Managers are not out to get you, and they aren't unethical. In fact they are quite good at what they do.** + +Let's address the most recent criticisms. I won't mention the user, and thankfully his bad faith criticism seems to have been deleted by Mods. + + +>There is no money for the Property Manager if you have 1 unit. You are only worth it for them if you have 15+ units. The more properties you have, the better you are treated. They have to use unethical business practices to make money. + +**No money for the PM if you have 1 unit.** + +Remember above when I said use a PM that charges on COLLECTED rents? This means you are using a PM that gets paid, when you get paid, and gets nothing when you get nothing. Even giving him the benefit of the doubt by assuming he meant "Not Worth It", this is also patently untrue. As a Property Manager, well over 90% of my owners had fewer than 10 rental properties. I'd say about 60% had fewer than 2 rental properties. + +*Like a mutual fund manager, we use the combined income of these properties to develop a marketing strategy that benefits all of these owners. A person renting his Grandmother's house couldn't afford MLS dues normally, but when combined with other owners into a larger portfolio, suddenly they all get to take advantage of the reach of the MLS, a clean professional web presence, and the negotiating prowess of an experienced Manager.* + +**Special Treatment for those with 15+** + +I admit it, the owner that had 120 properties got the more of my time than the retired widow with one property. But that's just because of volume. He always had between 3-10 homes coming available, and so we had more to talk about. I still answered the phone every time the retired widow called. I still followed all of her lawful instructions, I still consulted her on repairs, and I got her home rented. If you make me choose between the two of you, yes I will choose the 120+ property owner, sorry. + + +Don't forget, as I mentioned above you get a lot of advantages because you are sharing a portfolio with him. This is the perfect example of a "High Tide Raising All Ships". I can afford the nice camera because of that guy, and that nice camera takes high quality pictures of your home at no extra cost to you. I can afford the MLS, a quality website, high quality business cards & signs, a good landscaper, etc. Trust me the 15+ owners do a lot more for you than you do for them. + + +**Unethical Business Practices** + +Like most bad faith criticism, this was vague and unfocused. But I assure you I followed all Fair Housing Laws during my time as a PM. I take my duties as a Fiduciary very seriously and I put my clients needs above my own every time. I consider myself to have very high integrity and I brought that to work with me every single day. I often paid out of pocket to correct mistakes rather than be charged of impropriety. + +*There are bad Property Managers out there, but don't assume they are all bad.* + +&#x200B; + +[It'd take too long to detail here, but here's a breakdown of what a Good PM brings to the table.](https://www.reddit.com/r/realestateinvesting/comments/hgmiqp/how_to_choose_a_good_property_manager/) + +There's a big discussion there, but here are the cliff notes. + +* Convenience: Spend your time doing what you want to do. +* Market Analysis & Consulting: Get professional advice on every topic around management. +* Mediator Between You & Tenants: Have someone who is emotionally separate from the finances assist in disputes. +* Finding QUALITY Tenants: Get someone who can show to more, high quality, tenants. +* Limiting Owner Liability: Honestly might be the biggest advantage. Get someone who knows the laws, who keeps errors & omissions insurance. + +&#x200B; + +**You are probably your own worst enemy.** +What do you do for a living? If you've been at any job for longer than 6 months, you know more about that job than 99% of the population. Yes the internet gives us access to more professional secrets and information than any other age in history. But watching a few Youtube videos does not give you more knowledge or experience than a Professional. It baffles me that guys with 1-2 houses under their belt, think they know more about the local market than Property Managers who have been in the game 10+ years and have hundreds of houses to look after. + +*Property managers are doing Real Estate transactions by the hundreds and thousands each year. They see all the pitfalls, triumphs, opportunities, weaknesses, strengths, and threats of your portfolio and each of the dozens/hundreds of portfolios they manage. They talk to more tenants in a day than you do in a year.* + + +Ask yourself and be honest... + +* Do you know all the Real Estate Laws in your area? (You don't) +* Do you know the peak rental window for your area? (It's possible) +* Do you know the market conditions that would affect people's decisions to rent your homes like upcoming special assessments, road work, zoning changes, etc... (um...) +* Are you sure your rental comparisons are the most accurate? (Eh maybe) +* Are you able to work fast enough to minimize the vacancy rate? (unless it's around the holiday) +* Are you being perfectly objective about the condition of your home? (You aren't) +* Are you being professional and courteous with every prospect? Even the ones that insult your home to your face? (lol) +* Are you even responding to every prospect? (Even this is unlikely) +* Can you outwork and get every repair & update done cheaper than the professionals? (Of course you can't) +* Are you responding to repair requests in a reasonable time frame? (Not likely) + +If you are managing your property on top of working a full time job, there is no possible way you are batting 1000 in every one of these categories. I had a team of 6 devoting their 8-5 Monday-Friday hours on this and even we couldn't boast perfection. You are human, you are emotional, and you probably aren't devoting your peak efficiency hours to management. You are going to make mistakes. The problem is mistakes in Real Estate cost thousands of dollars and bankrupt people every year. + + +**I hope this is helpful** + + +I firmly believe a good PM is going to make you more money than they cost. Especially when you consider that your most valuable resource is time. Looking forward to the debate in the comments, this post got particularly inflammatory at times. +Background: California condo. Current rent is $1900 and has stable tenants completing their 2nd 1-year lease in April 2020. They will very likely be staying for another year, but they have been pretty open with us regarding starting a family and potentially being interested in starting a family. It's a one-bedroom so they will probably be looking to move if that happens. + +Due to an increase in HOA fees for us, we are going to increase the rent at the end of the lease. I've seen templates for this, but haven't seen one for how we want to do it. + +Basically, we want to offer a month to month lease with a 5% increase, or they can sign another 1 year lease for a 3% increase. + +What's the best way to go about putting this in a document for them? +For the past year or so I've been looking for housing data in a uniform programmable format. I started with looking to see if Zillow or Redfin offered API's and it look's like they either never have, or stopped offering API's. + +I guess I don't know the whole story but it appears to be because of the bureaucratic insanity of the MLS system. Essentially from my limited understanding MLS's can elect to only share data with local registered real estate agents. Further if you're even lucky enough to get access to a broad number of MLS's the data isn't standardized. + +This is pure insanity to me, this data should be transparent -- I shouldn't have to use random web apps like Zillow and Redfin that try to aggregate data (which I've read isn't 100% anyway) in order to evaluate market data. +I grew up very mentally unhealthy and did a whole lot of things wrong. Now Im 35F with a 12F and trying to stay afloat. + +I have an AA degree and just under $14k in student loans. + +I bring home roughly $2300/mo after taxes, health insurance and retirement (I work for the state). + +Rent is $775 and will be doubling in August. + +My health is awful. I am morbidly obese and intend to use $1500 of my tax refund for a personal trainer. This is after years of failing at diets and trying to do weight loss on my own only to go up 3 pant sizes. + +I live a mile from work so I plan to park my car and only drive when needed to save on gas and miles. + +I utilize the food bank weekly to cut cost of food. + +My phone and wifi are $100/mos. Electric and car insurance are around $120/mos. + +My goal is to buy a home. I have $4k in credit card debt to pay off and my credit score is in the low 700s. + +My roth ira is a joke (like $80). I don't have a 401k. I have about $1200 in stock market and about $2k in crypto. My savings are not there. + +What is best to achieve the home ownership goal? Dump savings into a savings account, or stocks? Or something else? In theory my tax return will be around $3k, half of which is spent for my health. I want to put the rest towards my credit card and also savings, but not sure if it's best to put those savings into stocks or in a savings account? Or is there a better, third option? It doesn't look like pulling from my roth ira is something I would want to do ever.... + +Edit to add: I live in Carson City NV and work for the DMV +If so, what’s a good percentage to use for pretax accounts? If I were forced to withdraw money from my account I would think I’d have to pay 50% including the 10% penalty. Is that a good estimate? +So, my monthly expenses are more or less as follow: + - 684€/m rent + - 60€/m insurance+internet+phone+electricity + - 75€/m transportation + - 700€/m living+going out + + +For a total of around 1600€/m. Sometimes I end up even going over budget, but usually the remaining ~250€ just rest in my bank account. So I am looking for a better way to save money and maybe invest them. Also, if any of you lived in Paris, do I spend too much? +Hello everyone, + +my plan was to buy 1 share (approx. 97€ currently) of VWCE ETF every month on IB. However, after I bought the first share I noticed that the fee was 1.25€. + +And, since the fee would be pretty much the same if I would buy 2-5 shares, I thought about changing my strategy to buying X shares every X months, where X is not 1 (e.g. 4 shares every 4 months). + +But, what's the upper limit of months that I can do without blowing up the whole point of the dollar-cost averaging strategy? + +Is it maybe the optimal scenario in this situation to buy 3 shares every 3 months or do you have different thoughts? + +**EDIT:** While having the conversation in the comments, I remembered the [Elbow method](https://blog.cambridgespark.com/how-to-determine-the-optimal-number-of-clusters-for-k-means-clustering-14f27070048f) I used previously while programming. The method is a heuristic used so you can find out the "optimal" number of clusters in your dataset by finding the elbow in the graph. + +So I plotted [**the graph**](https://imgur.com/oLWZYhw) for my scenario and got the "elbow" for 3 shares. However, I want to take into account that dollar-cost averaging suggests investing regularly as possible so that I'm not out of the market. + +That's why my conclusion is that the optimal decision would be to **buy 2 shares every 2 months** because the difference in the fee between 2 and 3 months (0.215%) is not sufficient to justify missing out on the market. + +**EDIT2:** Great investment calculator shared by r/-Ricardo: [https://investcalc.github.io/](https://investcalc.github.io/) + +Thanks, everyone, for the help! +Hi guys, + +I've been reading this forum for a while now, together with Bogleheads, indexfundinvestor, youtube, etc and my goal is to save money towards retirement. I'm Portuguese, 30, living in Spain and possibly moving to Portugal or Germany in a few years. + +It seems that investing 20% of my net salary every month, in ETFs in Degiro is a good option here in Europe. I've tried to choose the Degiro free ETFs with low TER and highest diversification. Can you please take a look at the below distribution and comment? I also understood this is a long term plan to keep investing no matter what like the 50% swings for example. + +Stocks (70%) + +* iShares Core MSCI World UCITS ETF USD (Acc) (IE00B4L5Y983) (88%) +* iShares MSCI Emerging Markets UCITS ETF (Acc) (IE00B4L5YC18) (12%) + +Bonds (30%) + +* iShares Core Global Aggregate Bond UCITS ETF EUNA/AGGH (IE00BDBRDM35) + +Thanks for taking the time to take a look! +I have a question about the ETFs domiciled in Ireland. Look, I'm from the EU (Spain) and it's seems the best ETFs tracking US indexes are domiciled in Ireland, but it seems Ireland has a 41% tax on capital gains and dividens! What?! I want to make sure if that is only for irish residents or any European that buys them? Do you know something about this? Because in the other hand, a lot of YouTubers and people say Ireland ETFs are better for non-US residents because they have a lower dividend tax (15%) so I'm confused. I'm interested in the S&P500 and the Nasdaq. And Vanguard and Invesco European funds are domiciled in Ireland, so I want to make the tax right first. +Hi there, + +I moved to Munich in 2018 to study there. I couldn't get registered for the first 2 years because I didn't have official rental contracts (the main tenants I rented from were subletting to me illegally, which they conveniently failed to mention until after I moved in). After 1,5yrs I moved to a building where I could get registered, but then COVID happened and I quickly decided to move back to my parents in Feb '20. + +So now I'm 2+ years into this mess and I need some clarity. I'm working a 5-10hr per week job where I wasn't offered a contract but instead was asked to send monthly invoices. Though nothing has gone severely wrong so far, this has been stressing me out for a long time. + +I barely have any money and so a big fine (e.g. for late registration) would bankrupt me, but I'm also now aware of my vulnerable position relative to my employer/contractor. For example, If one day they would pay me less or not at all, I'd have no idea what to do. + +Any advice, comments or insight at all would be welcome! I honestly don't know what to do. Thanks for reading until the end :) +Hello everyone, + +I'm 32 married and live in Berlin. I have a 2-year-old boy and I'm planning to invest/save his kindergeld(\~250EUR monthly). My Bank's(Sparkasse) wealth advisor recommended [Private pension Insurance](https://www.berliner-sparkasse.de/de/home/privatkunden/altersvorsorge/juniorrente-fs.html). + +I can set when he can get it 18/25 years etc., + +He can continue to put monthly(until 67 years old) or withdraw a lump sum(has to pay 25% tax on profit) before 67 years old. + +They will invest money in a list of ETFs provided below. + +|Name|ISIN|%| +|:-|:-|:-| +|Lyxor MSCI World UCITS ETF-D-EUR|FRO010315770|70| +|Amundi MSCI Emerging Markets UCITS ETF EUR|LU1681045370|0| +|Nordea 1-GlobalClimate and Environm.Fund BP EUR|LU0348926287|10| +|Robeco MegaTrends D EUR|LU0974293671|0| +|Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF|FR0010524777|10| +|Xtrackers EURO STOXX 50 UCITS ETF-1C EUR ACC|LU0380865|0| +|Amundi MSCI Europe SRI Ucits ETF DR (EUR)|LU1861137484|0| +|JPM Emerging Markets Equity A (acc)-EUR|LU7576759|10| + +&#x200B; + +What do you guys think about this? Are there any better ways to save/invest money for my child? +Hello everyone, + +I'm 32 married and live in Berlin. I have a 2-year-old boy and I'm planning to invest/save his kindergeld(\~250EUR monthly). My Bank's(Sparkasse) wealth advisor recommended [Private pension Insurance](https://www.berliner-sparkasse.de/de/home/privatkunden/altersvorsorge/juniorrente-fs.html). + +I can set when he can get it 18/25 years etc., + +He can continue to put monthly(until 67 years old) or withdraw a lump sum(has to pay 25% tax on profit) before 67 years old. + +They will invest money in a list of ETFs provided below. + +|Name|ISIN|%| +|:-|:-|:-| +|Lyxor MSCI World UCITS ETF-D-EUR|FRO010315770|70| +|Amundi MSCI Emerging Markets UCITS ETF EUR|LU1681045370|0| +|Nordea 1-GlobalClimate and Environm.Fund BP EUR|LU0348926287|10| +|Robeco MegaTrends D EUR|LU0974293671|0| +|Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF|FR0010524777|10| +|Xtrackers EURO STOXX 50 UCITS ETF-1C EUR ACC|LU0380865|0| +|Amundi MSCI Europe SRI Ucits ETF DR (EUR)|LU1861137484|0| +|JPM Emerging Markets Equity A (acc)-EUR|LU7576759|10| + +&#x200B; + +What do you guys think about this? Are there any better ways to save/invest money for my child? +I've seen a LOT of speculation on multiple subreddits about RC's current involvement in BBBY. Some of the most common (and I believe, misguided) is the speculation that he intends to use GME to acquire BBBY. I believe that this narrative is copium for BBBY holders (of which I am one), and low-key FUD for GME holders. + +&#x200B; + +Here's my Saturday morning opinion dump for anyone who cares to read it. + +&#x200B; + +**RC and BBBY** + +While RC's main focus is his working as Chairman of the Board with GME, he is also a venture capitalist with a ton of good business sense and a massive pile of capital. I truly believe that BBBY was a side quest for him. He saw a profitable company (BABY) wrapped up inside a dying company (BBBY) run by corrupt executives who were bilking the shareholders for cash while letting their investment burn to the ground. + +&#x200B; + +I truly believe that RC has a love for good businesses, and good business practices. These values were instilled in him by his father. He saw an opportunity to rescue a decent business with a lot of potential, so he used some of his capital and connections to do a good thing. His letter to the board suggested spinning BABY off or selling it. He may or may not have been involved with the entity that would have purchased it. I admit that when the news came out that he had sold his position in BBBY, I bought the narrative that it was because he was involved in whatever entity would be purchasing BABY, and he had to sell his stake in order to avoid a conflict of interest. + +&#x200B; + +However, when BBBY released their [August 18th 8k](https://bedbathandbeyond.gcs-web.com/node/16356/html) there was some wording that made me wonder if RC was still truly involved. + +&#x200B; + +From the 8K: + +*"We* ***were*** *pleased to have reached a constructive agreement with RC Ventures in March* *and* ***are*** *committed to maximizing value for all shareholders. We are continuing to execute on our priorities to enhance liquidity, make strategic changes and improve operations to win back customers, and drive cost efficiencies; all to restore our company to its heritage as the best destination for the home, for all stakeholders."* + +&#x200B; + +Something about the use of the past tense "We **were** pleased to have reached a constructive agreement with RC Ventures in March" stood out to me. This reads as if they had reached some kind of agreement in March (no specifics about what was actually agreed upon), but nothing about any agreement moving forward. + +&#x200B; + +I tried to shrug it off, but it did eat at me for a while. However, I decided to wait and see what they would reveal in their August 31 statement. + +&#x200B; + +The statement on August 31 made it very clear that BBBY intends to retain the BABY banner. Meaning, they are not doing what RC suggested in his letter that they do. Which, I believe was his only reason for taking a position and cleaning up the board to begin with. + +&#x200B; + +It is is my non-professional opinion that Ryan Cohen, being a lover of good business and delighting customers, saw an opportunity to make another business great. Being the business king that he is, he knew that he couldn't do it himself while focusing on GameStop, so he sent some trusted professionals to attempt to implement his plan. Ultimately, BBBY opted to retain the more profitable arm of their company and try to turn the whole thing around. RC's plan was ultimately not embraced, so he exited his position and moved on. + +&#x200B; + +**GME and BBBY** + +I have seen a LOT of speculation about GME acquiring BBBY. Most of that speculation has to do with people daydreaming about RC coming for Jeff Bezos by beating him at his own game. While I think that's not necessarily out of the realm of possibilities, I honestly don't believe that they would start diversifying in to other niche businesses this early on. + +&#x200B; + +RC and the entire board at GME have been hard at work and hyper focused on turning the once-dying brick and mortar company in to a massive tech giant. I truly believe that once their intended transformation is complete, they will revolutionize the digital space in ways that most people today cannot comprehend. The potential for NFT and blockchain technology to touch and benefit almost every space in our economy is enormous. This is a huge undertaking, and I believe that GME is up to the task. But it is going to take a lot of time, effort, and money to make this happen. + +&#x200B; + +I am old enough to remember when Amazon was just books. Literally just. books. They sold books and only books for YEARS, while establishing themselves as a household name. Eventually, they began to add CD's and such. The rest is history. But they started with a singular focus and didn't branch out until they had been successful with just books. + +&#x200B; + +GME also has a lot of artificially bad PR to contend with. MSM has been working around the clock for almost two years to make not just the stock, but the entire company look like a joke. Despite fantastic fundamentals, MSM still insists on labeling GME a "meme stock". That doesn't affect those of us who are loyal shareholders. We know that GME is a fantastically undervalued company with amazing growth potential, no matter what label the media slaps on it. But in order to grow in to the giant tech company they intend to become, they have to win the hearts of more than just the apes. + +&#x200B; + +They also have to work against the "NFTs are just overpriced JPEGs" narrative. They don't have to work too hard, because their product will prove itself once it is implemented to scale. But currently, social sentiment around GameStop is that it is a junk company with a junk stock. The average person doesn't understand what is going on behind the scenes, and they believe whatever MSM tells them. + +&#x200B; + +I believe that acquiring a completely unrelated company (home goods OR baby products) at this stage of GME's company turnaround would be too costly, too far-fetched from the current business model they are building(at this stage of the game), and generate even more negative sentiment from the media if they attach themselves to another actual "meme stock". + +&#x200B; + +GME doesn't need BBBY. GME doesn't need BABY. If they were truly trying to build an empire to rival Amazon, would they not also need to go back and get Chewy back from Petsmart? + +&#x200B; + +No. I believe that RC's primary focus is turning GME in to a tech giant. He doesn't need to come for Amazon, because GME will eclipse Amazon one day without buying up other stores. + +&#x200B; + +RC just saw an opportunity to make a business better, and he decided to use his smarts and his cash to take a stab at it. It just didn't work out. + +&#x200B; + +I still believe that BBBY has decent squeeze potential. I still hold a position for now. But I don't believe that RC is involved anymore. + +&#x200B; + +Enjoy your weekend, everyone. And always, BUY, HOLD, DRS. +Hi folks, let's talk about [Dr. Marco Metzler's recent post on LinkedIn](https://www.linkedin.com/posts/dr-marco-metzler-403341163_last-opportunity-to-hedge-against-the-crash-activity-6873422325123969024-Tbup). + +I'm seeing some posts floating around expressing disappointment or anger directed towards Dr. Marco Metzler. Some feel betrayed because Metzler has been proactive about Evergrande, nodding at apes for being on to something, and subsequently telling people he bought puts + sold crypto/stocks. + +Whatever your view might be on what will happen, let's get this straight. Most people **do not throw all their money on one bet**. Especially those educated in finance, people will often take several different plays which conform towards one particular perspective, in this case, an impeding market crash. + +It is very normal for someone with his background to buy puts and sell risky assets in anticipation of some big crash. He is an individual investor with a unique history and perspective. Just because he doesn't share yours to the fullest degree doesn't mean he's a shill trying to distract you from Buy&Hold&DRS. + +Despite using the traditional methods for betting on these events, he said to go long GME/popcorn. That's misguided, more so than mischievous. People in his position have too many things going on that they can't take the time to read all the DD. Realizing why popcorn stock is a trap and Gamestop is the only true play requires someone to have delved into this topic deep enough to understand all the tricky nuances at play here. For you, that may seem trivial by now, but it really, really isn't for outsiders like himself. + +I have yet to read anything related to Dr. Marco Metzler that clearly indicates he's sus. Just give him a break, please. No one wins by starting some misguided witch hunt. Focus on the matter at hand: Buy&Hold&DRS. + +Personally, I'm mind-blown by the fact that some random finance dude with a real reputation to uphold is publicly confirming things we've been theorizing for months. Let's just take it as **confirmation bias**, not financial advice 👍. Keep on Buying&Holding&DRSing. +Interesting deal, could be attractive to those that miss out on the First Home Loan Deposit Scheme. + +[https://www.savings.com.au/home-loans/st-george-reduces-lmi-to-1-for-first-home-buyers](https://www.savings.com.au/home-loans/st-george-reduces-lmi-to-1-for-first-home-buyers) +After we have had a bit of a relief, now shit us actually getting real as we are going to enter probably one of the worst or at least most interesting week for the stock markets, crypto and the world in general. So you gotta keep an open mind throughout the week and be ready for everything. Here the list of most important events: + +1. Earnings, a lot of Earnings. As it's earnings season right now at the stock market and we already had a dull with snapchat falling -35% and losing billions. Now it's actually getting real with much of big tech like Apple and Microsoft reporting. Bad will cause stock markets to melt and with a high correlation also crypto. + +2. FOMC. This is probably the biggest event of the week where we will actually get our rate hike, whether it's 75bps or 100bps is to be seen. A 100bps would definitely cause havoc over the markets as already a 75bps last month did make markets melt. + +3. GDP Q2 numbers, this could be the most important event too if its done in this week, which is not exactly clear yet (may be early August) but if the Q2 number like the Q1 number would be in the minus then the US would officially be in a recession and even if most economists knew that, the constant lying from politics could have made it unclear for many. + +4. A recently added event is the US dividing whether they should declare an health emergency over monkeypox. Just now the WHO declared one and Biden administration said to do it on Monday. I'm not expecting it to be big news but certainly some minor panic. +So my understanding of this new scheme is that the government will be a guarantor for the new mortgages meaning the lenders will be more inclined to offer higher leveraged mortgages. + +But the problem i still see remaining is that the average person doesn't earn enough to have a 95% mortgage lent to them (down south anyway) + + When my mortgage broker checked my partner's and mine numbers we were told we could be lent uoto 240k so even with the 95% our limit would be 252k ish which wouldn't even get us a 1bed in our location + +Am I looking at this correctly? +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. +Guten Tag to this global band of Apes! 👋🦍 + +Weeks like this are the reason that HODLing GameStop has never been easier. We're watching the stablecoins fall in rapid succession, first the algorithmically pegged coins and now the ones backed by dollars and heaps of commercial paper. I must say, I didn't put too much stock into the DD several months ago that was highlighting the risky scheme propping those assets up, but as we're watching it all come apart I am very strongly feeling like this could cause even more turmoil across the world markets. Will the need to stabilize Tether lead to massive spikes in interest rates? It is something I am paying *much* more attention to this week. + +Meanwhile, GME continues to reward those of us who averaged-down last week, though of course nobody is selling for these tiny profits. The enormous hedges that Citadel is holding through GME calls shows that they are desperate to put the genie back into the bottle, though they are still incredibly out of balance between the short positions and their calls. As we approach the shareholder meeting, I expect to see even more desperation from the Institutional Shorts. I will HODL with Diamantenhände through it all. + +Today is Wednesday, May 18th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$99.09 / 94,01 €** *(volume: 2729)* +- 🟩 115 minutes in: $99.09 / 94,01 € *(volume: 2624)* +- 🟩 110 minutes in: $98.52 / 93,47 € *(volume: 2019)* +- 🟥 105 minutes in: $98.26 / 93,22 € *(volume: 2010)* +- 🟩 100 minutes in: $99.61 / 94,50 € *(volume: 1315)* +- ⬜ 95 minutes in: $99.61 / 94,50 € *(volume: 1293)* +- ⬜ 90 minutes in: $99.61 / 94,50 € *(volume: 1275)* +- ⬜ 85 minutes in: $99.61 / 94,50 € *(volume: 1256)* +- 🟥 80 minutes in: $99.61 / 94,50 € *(volume: 1256)* +- 🟥 75 minutes in: $99.61 / 94,50 € *(volume: 1168)* +- ⬜ 70 minutes in: $99.62 / 94,51 € *(volume: 1122)* +- ⬜ 65 minutes in: $99.62 / 94,51 € *(volume: 1111)* +- ⬜ 60 minutes in: $99.62 / 94,51 € *(volume: 1051)* +- 🟥 55 minutes in: $99.62 / 94,51 € *(volume: 1051)* +- 🟥 50 minutes in: $100.30 / 95,16 € *(volume: 680)* +- ⬜ 45 minutes in: $100.47 / 95,31 € *(volume: 557)* +- ⬜ 40 minutes in: $100.47 / 95,31 € *(volume: 555)* +- ⬜ 35 minutes in: $100.47 / 95,31 € *(volume: 549)* +- ⬜ 30 minutes in: $100.47 / 95,31 € *(volume: 534)* +- 🟩 25 minutes in: $100.47 / 95,31 € *(volume: 490)* +- 🟩 20 minutes in: $100.20 / 95,06 € *(volume: 430)* +- 🟥 15 minutes in: $100.14 / 95,00 € *(volume: 410)* +- 🟥 10 minutes in: $100.41 / 95,26 € *(volume: 385)* +- 🟩 5 minutes in: $101.07 / 95,88 € *(volume: 191)* +- 🟩 0 minutes in: $101.03 / 95,84 € *(volume: 98)* +- 🟩 US close price: $100.38 / 95,23 € *($101.00 / 95,82 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0541. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Last night, I posted about my theory on the vote count total and how it has nothing to do with the float count. Some comments pointed out that my theory had a fundamental flaw, and they were absolutely right, and that's cool I can admit when I'm wrong, but the core of the issue remained. + +&#x200B; + +INSIDERS CAN VOTE. THEIR VOTES COUNT TOO. Saying that the vote count = the float count means that none of the insiders (Ryan Cohen, George Sherman, etc) voted any of their shares. + +&#x200B; + +\---- Edit: apparently I wasn't clear enough here because there's some confusion. What I'm saying is that insiders can vote, so all those posts that are celebrating that the number of votes = the number of shares in the float are spreading some pretty fundamental misunderstandings. The float = total shares *minus* insider shares. You can bet Ryan Cohen and other insiders voted their shares... so the gap between max theoretical votes (70,771,778) and actual votes (55,541,279) is NOT because the votes were trimmed to match the float, but rather that float shares weren't voted, and below I talk about possible hedgie fuckery to make that happen so they could try to spread FUD among apes. The insider shares that were voted are included in that 55M votes. End of edit. ---- + +&#x200B; + +It's been bugging me, my theory was wrong, but I know I'm right about the insiders being able to vote and that the number of shares in the float nearly matching the vote count is irrelevant. u/Hiftee mentioned that the only thing that would really make sense is if a bunch of the big boys didn't vote their shares which got me thinking and googling, and I think I found something major. + +&#x200B; + +About a decade ago, the SEC started talking about investigating something they called **Empty Voting** ([source](https://www.institutionalinvestor.com/article/b150qg2zl5904b/sec-to-address-empty-voting)), which is essentially amassing voting power without actually exposing yourself financially, or greatly minimizing your financial stake in the company. There are a lot of different strategies in which this is used, but one in particular is called **Record Date Capture** which is describe as "*borrowing shares in the share lending market for a limited period around the record date*" or "*an investor can buy shares just before the record date and sell them soon after*" (quotes are from page 23 and page 26 of this massive 99 page [PDF](https://poseidon01.ssrn.com/delivery.php?ID=118071094081103011120087005021006120051002022033030034120117018109121072005102031106002028029055022035011114092089086113007026005095045051030001087090000117076095039015024082110089003001088127022083098120083005112100026086029075121108072075093021&EXT=pdf&INDEX=TRUE)). + +&#x200B; + +Usually Record Date Capture / Empty Voting are used to sway a shareholder election in a certain direction, but what if they just... Don't vote. Doesn't that seem like a great tactic for a FUD attack? Get a bunch of shares and then just... Don't vote. Create confusion. Make the apes think that there were fewer votes than shares and no over-voting. Plus, bonus, you have a bunch of ammo to sell off and drive down the price after the record date. + +&#x200B; + +Alright well, do we have any proof that this happened? I don't know. Maybe my tinfoil hat is just screwed on too tight. This is where I need some help from those of you with a lot of wrinkles. Below is what I've got so far, followed by some questions I can't answer. + +&#x200B; + +In GameStop's Proxy details ([source](https://investor.gamestop.com/node/18846/html)), they listed some institutions with large amounts of voting shares, including + +&#x200B; + +|*Institution*|*Shares*| +|:-|:-| +|BlackRock, Inc.|9,217,335| +|RC Ventures LLC|9,001,000| +|The Vanguard Group|5,162,095| +|Senvest Management, LLC|5,050,915| +|Maverick Capital, Ltd.|4,658,607| +|Susquehanna Fundamental Investments, LLC|4,409,467| +|Dimensional Fund Advisors LP|3,934,919| + +&#x200B; + +Alright, and so what? I decided to compare that to some recent screenshots from a Bloomberg terminal ([source](https://www.reddit.com/r/DDintoGME/comments/nqvbv0/02062021_gme_bloomberg_terminal_information/)) to see what institutions were reporting as of 03/31/21 (the date up to which their most recent 13F filings would cover). + +&#x200B; + +[This is a screenshot from June 2nd 2021. Why is Susquehanna's File Date still from 12\/31\/20?](https://preview.redd.it/mius6y0mrn471.png?width=2854&format=png&auto=webp&s=efb26b67e40598b3a848ef1ceb2fb58e1116a6eb) + +A couple of things jump out here. Why aren't Senvest, Maverick, or Dimensional on this Bloomberg list? Why is Susquehanna's filing date still showing Q4 data, and why is it a different "branch" of Susquehanna? The terminal seems to indicate that Susquehanna International Group LLP hasn't filed their Q1'21 info, but fintel has their Q1'21 13F filings listed ([source](https://fintel.io/i13f/susquehanna-international-group-llp/2021-03-31-0)) and this is what it shows for GME: + +&#x200B; + +[As of 03\/31\/21, Sus International only has 146K shares](https://preview.redd.it/otrj7tc99o471.png?width=1762&format=png&auto=webp&s=6685d5e74cb09c9232c9fbaac18c176a7641563d) + +&#x200B; + +Bloomberg had Sus International at 4.4M shares at the end of Q4'20, but their most recent 13F for Q1'21 (which they filed on 05/17/21 - [source](https://fintel.io/i13fs/susquehanna-international-group-llp) \- so I don't get why it's not on the bloomberg terminal) shows them at 146K shares. Maybe they just transferred their shares to Susquehanna Fundamental Investment LLC? Well, here's what Sus Fundamental's Q1 13F ([source](https://fintel.io/i13f/susquehanna-fundamental-investments-llc/2021-03-31-0)) shows for GME: + +&#x200B; + +[Nada. Zip. Nothing. Zero shares of GME held by Sus Fundamental as of 03\/31\/21. They sold all of their previously held 79,701 shares of GME.](https://preview.redd.it/tlv91vyt9o471.png?width=1764&format=png&auto=webp&s=96187a40677073da646c55b93b922b7db0d4ae87) + +&#x200B; + +Errrrr... ok... so as of 03/31/21, Sus had nowhere near the number of shares that GameStop is reporting for them, so they must have re-obtained the exact same number of shares they had in Q4'20, under a different branch of Sus, sometime in the first 2 weeks of April? That's... fucking weird... + +&#x200B; + +Let's move on to those who were missing from the Bloomberg list but GameStop reported as having a large position. + +&#x200B; + +We'll start with Senvest Management, LLC. Their Q1'21 13F ([source](https://fintel.io/i13f/senvest-management-llc/2021-03-31-0)) shows + +[As of 03\/31\/21, Senvest Management, LLC owned 0 shares. In Q4'20 they had owned the same number of shares as what they are reported by GameStop to have owned on 04\/15\/21.](https://preview.redd.it/20991fo6ao471.png?width=1760&format=png&auto=webp&s=91696e88bc3cdd64bacbe3f2871158e49dae7830) + +&#x200B; + +Alright... Them too??? What the fuck. **WHAT THE ACTUAL FUCK.** + +&#x200B; + +Maverick Capital, Ltd. 13F for Q1'21 ([source](https://fintel.io/i13f/maverick-capital/2021-03-31-0)): + +[Same shit. As of 03\/31\/21 they had zero shares of GME.](https://preview.redd.it/iw5gykcpao471.png?width=1762&format=png&auto=webp&s=da0d9084724b59b64e1dacb7e34d3b40992aa38d) + +&#x200B; + +Dimensional Fund Advisors LP 13F for Q1'21 ([source](https://fintel.io/i13f/dimensional-fund-advisors-lp/2021-03-31-0)): + +[As of 03\/31\/21, Dimensional retained only a very small portion of its previously held shares.](https://preview.redd.it/lp0mdfi0bo471.png?width=1762&format=png&auto=webp&s=be2dc26e1d243f9e2e4cb74e29b04072b4e7edea) + +&#x200B; + +Combined, those 4 funds held 18M shares for voting. More than enough for the FUD campaign I mentioned above using Record Date Capture / Empty Voting. + +&#x200B; + +But now, some important questions that I don't have enough wrinkles to answer. If there was over-voting but one or many of the specific entities called out by GameStop on their proxy document didn't vote, would they need to trim votes to "make space" for the votes of the institutions whose votes are missing? Is there any connection between these funds? Is it common for institutions to sell off their entire position and then a quarter later buy back in at exactly the same number of shares? + +&#x200B; + +As a comparison, here's BlackRock, Inc's Q1'21 13F details ([source](https://fintel.io/i13f/blackrock/2021-03-31-0)) for GME: + +[BlackRock has a very minor change in GME ownership from Q4'20 to Q1'21](https://preview.redd.it/xqdazd9zbo471.png?width=1762&format=png&auto=webp&s=60c9d94a87cb17c7bc0cf1381e02935d3644dcfc) + +&#x200B; + +So... yeah, I need some wrinkle brains to help and peer review this please! Is this something? Is this nothing? Paging u/criand u/HomeDepotHank69 u/atobitt u/jsmar18 u/rensole u/bye_triangle if any of you can take a look, it would be greatly appreciated! + +&#x200B; + +Edit: to clarify, I'm not suggesting that the hedgies actually prevented over-voting in any way, just that they wanted to cause FUD and panic among apes by making it LOOK that way. They knew how hyped everyone was for the vote count. If the FUD tactic I described above was actually used, that would imply that EVERY SINGLE OTHER SHARE was voted (and probably way more than that, but trimmed down). We know that not all retail shares were actually able to vote due to broker limitations, so there must have been over-voting by retail to still manage to need to be trimmed down (as is implied by Larry Cheng's mismatched vote total, which likely occurred due to rounding adjustments while the vote count was trimmed down). + +Also, great top-up from u/greysweatseveryday : + +>If Computershare would correct any over-voting, it would do it on a shareholder-by-shareholder basis (not just remove all of the excess votes to get to the maximum). If Computershare knows that 15 million shares held by certain institutions have not voted (and have not assigned their voting rights to any other person to be voted by proxy or otherwise), then those 15 million shares will not be represented in the vote. + +&#x200B; + +Edit 2: u/Bit-corn pointed out that: + +>[The SEC](https://www.sec.gov/divisions/investment/13ffaq.htm) states that filers of Form 13-F should report securities that they own and have loaned to a third party. +> +>Question #42 in the link above +> +>Now, whether or not that is enforced…🤷‍♂️ + +So in theory, even if the institutions I mentioned above had loaned out all their shares, they should still include those shares in their 13F forms and it would not show them reducing / selling off their position. + +&#x200B; + +Edit 3: another question to address based on all the discussion below... If GameStop's proxy data shows a vote count that is "stale" because the Q1'21 13Fs hadn't been filed yet and they use that info rather than being able to get an accurate count of shareholders on April 15... what happens to all those shares that are no longer ACTUALLY held on April 15 (as shown in the 13Fs? Does the vote count still need to keep those vote spots "empty / unvoted" since they were reported as shareholders of record in the proxy? ---- Edit to the edit: if they're using the Q4'20 13F data since the Q1'21 data wasn't available yet, how did they end up with the wrong branch of Susquehanna on the list?. End of edit to the edit ---- +I guess another way of asking this is how do Influencers (ie Insta Influencers/Twitter accts/Youtubers) tend to FatFIRE? + +I run a $1.15m / yr profit SaaS business and obviously my intention is to sell the company in a few years at 6\~9x ARR multiple. I've had offers to sell, and that's obviously an instant injection into my FatFIRE account. On the other hand, I got curious about Influencers - since a huge part of their content is tied to their individual identify, do they really have any choice of say, "selling" an Insta/YT account? I can't imagine the purchase multiple will be high. + +Just curious I suppose, as to how these stars FatFIRE in general from a financial perspective. +I've seen this coin discussed here once or twice in the past few days--I bought after reading a post from 3 days ago and doing some of my own research. I plan to hold until at least $20-30 (which should come soon), and heres why. + +The project has extreme potential. I would honestly call it revolutionary for lack of a less dramatic word. Basically, those who have BTC have nothing to do with it in terms of compounding their capital, outside of hodling of course. Although hodling BTC has been insanely profitable, as we all know, Strudel will allow Bitcoin to become more versatile by integrating its vBTC coin (pegged to Bitcoin) with the ERC20 interface and smart contract interoperability. When you burn BTC, vBTC is minted. + +What if you want your Bitcoin back? Simply exchange your new vBTC for another coin, then back to BTC. + +The Strudel coin is the governance token for vBTC, and acts as the intermediary that wraps BTC and creates the oft-mentioned trustless bridge. When such a bridge is trusted, several people own the digital signatures that form the essence of wBTC. Technically, it is possible for these people to collaborate and rugpull, as they are the ones that own the signatures to the bitcoin. With Strudel, this bridge is trustless, meaning that the aforementioned digital signatures are not in the hands of others. + +Now onto the other aspects of this coin. + +It was created by Keno, who went on to be a core dev at Sushi--he is now back on the Strudel team as an advisor. + +Holders and volume have increased at a great rate over the past few days. + +Although not officially announced, a partnership is Badgership is heavily rumored by the devs themselves and essentially confirmed. + +Very low mCap, especially compared to Ren, the closest thing to a competitor. + +V2 is coming out this week. + +I was promoting ASKO on here in comments back at single digit cents, and now I've compiled this post regarding the next coin that I personally think is set to moon (even further) based on the above points. + +Take a look and lmk what you think. +Hi all, + +So three years ago my ex and I bought her parent's home to help them during a tough financial situation. We were also living with them then, so it made sense at the time. However, as you can tell, my ex and I are no longer together. I bought the home under the stipulation that her parents would be soon buying the home, as they were about to come into a sizeable amount of money after selling off the land they owned. + +Since then, I have not been able to get rid of this home/mortgage. Back in maybe 2020, I was convinced to remove my name from the title of the home. I know now that that was a big mistake. Following that, every few months it seems that her/her family are taking steps to either refinance or the home is in the initial steps of being purchased by the parents. + +However, this has been continuing for around 3 years and nothing positive has come out of this, as my name is on the mortgage still and I have no claim (title) to the home. + +What should/can I do from here? I want to get rid of this mortgage as I've vastly moved on with my life (new city, new career, and new relationship). I feel super ripped off by this situation, and so I want to take all/any necessary steps for this. + +Tl;dr Need to get myself out of a mortgage with my ex. What should I do? + +Clarification: + +\-Just to update this as I've seen it come up a few times; my ex/her family has been paying the mortgage on time since the beginning. I have not paid anything towards this. + +The mortgage is also in both my name and my ex's name, as her credit alone was not strong enough to secure the mortgage loan at the time + +Update: + +I've put myself into gear and started contacting local real estate lawyers for this. I looked into the quit claim deed itself in the meantime. + +Looks like yes, it did go through and I screwed myself there. But also, it looks like that earlier this year, a quitclaim deed was done by my ex.....and made her father the sole name on the title. I'm so frustrated with myself. + +&#x200B; + +. +Chase just lowered my credit limit 80% even though I have a 800 credit score and I been a cardholder with them for over 8 years. Seems like they are in trouble. For doing that shady thing tomorrow I’m adding another XX to my never selling pile. Hedgies are fucked. No cell no sell. Apes are dumb money because we are about to be stupid rich +As you can tell from the title, this was not the Christmas gift I was hoping for. Called up my electricity provider to pay a bill and was told my meter hadn't been read for over a year. Gave the read and actually laughed out loud when I was told I now owe £3,300 to SSE. How could they have possibly come up with this number? Any suggestion on what to do would be appreciated. +Hello all, + +I recently got a payrise which recently took me over the 40% tax threshold. + +I already contribute 8% of my own earnings to my pension so I'm not actually paying 40% tax on anything yet. + +However, I am looking to get a payrise to 60k within the next 12 months and of course I'd then start paying 40% on a portion of my earnings as my extra pension contributions wouldn't negate this. + +I've already calculated that on my tax code and student loan plan that I'd have to increase my pension contributions to 16.5% in order to not pay 40% tax on any of my earnings once I reach 60k. + +My question is really: is there anything else I can do to avoid this? But also, I think this comes from a fear of feeling shafted on 40%... maybe I need help realising that eventually my take home pay will get stagnant if I keep trying to offset 40% tax with extra pension contributions. I'd love to have more take home pay of course but I can't shake the feeling of feeling "shafted" for anything that gets taxed at 40%. + +Has anyone else had to overcome a similar mental block? + +&#x200B; + +EDIT: seems to be an influx of comments about "people not understanding that they still take home more money when they enter a higher tax bracket". I know this, and I'm already in said bracket... read the post again +Friends, + +I've seen so many people post about "When is the right time" and "When is enough enough." Most of these go on to detail that someone hasn't reached their objective, but is not enjoying / satisfied with the journey. + +I loved this article that gives some insight into that issue: + +[Atlantic Article](https://www.theatlantic.com/family/archive/2022/02/reaching-goals-doesnt-always-lead-to-happiness/622894/) + +What it eloquently makes clear, is that it isn't usually about the destination (get to 20m for example) but the journey, the steps, the little rewards along the way. + +Nick +I keep reading [articles](https://finance.yahoo.com/news/meme-stock-euphoria-goes-bust-172951136.html), they talk about 'meme stocks' being very down. guhhhhh, we up still... keep reading + +These media outlets are running smear campaigns against what people think are meme stocks. they mention GameStop as a meme stock, as it trades with a sub $7 bn Marketcap, 1bn cash on hand, no debt & strong earnings last quarter. The company's market cap is close to dipping below its 2021 REVENUE. Do you understand how ridiculous this is from a fundamental standpoint? + +THIS IS WHY THE MEDIA IS PUSHING A MEME STOCK AGENDA. THEY WANT RETAIL TO THINK ITS A MEME & DOWN VERY BAD, MEANWHILE, ITS UP 400%+ SINCE PRE SQUEEZE PRICES WHILE TECH SECTOR GETS SMOKED. THE STOCK HAS HELD 'VALUE' BETTER THAN STOCKS TALKED ABOUT EVERY SINGLE DAY AS A BUY. Read about psyops... psychological operations are made to push fear into brains to reverse decision making... "meme stock bad, GameStop bad" type of thinking... + +Meanwhile, + +**Peloton is half the price of its IPO. Disney is back to march 2020 covid dump levels. The list goes on... go look at Cathie Woods bag holding all her bags. However, Gamestop is up 480% since January 1, 2021!** + +They want the retail public to think meme stocks are all the shitty meme stocks. **GAMESTOP IS NOT A MEME STOCK**. **IT'S NOW 100% A FUNDAMENTALLY GREAT STOCK, ILLEGALLY OVER SHORTED, FAKE SHARES CREATED, HEDGE FUND SHORT PROJECT GONE VERY WRONG.** This is why they need to pair every other shit stock in the basket, it's a distraction to scare retail who would be NEW MONEY. NEW MONEY IS NOT GOOD FOR HEDGIES. + +APES ARE NOT WORRIED AT THIS POINT & THAT"S WHERE THEY'VE ALREADY LOST. + +Gamestop has a real team, real leaders, real projects are being built, real devs, real partnerships, real eCommerce w/ 2 day shipping (bezos fukt) and its REAL 'dying' brick & mortar stores (not dying was there last week, 15 people in one store). + +ZOOM OUT. THE STOCK IS UP FROM 480% from its first trading day in 2021... on JAN 5TH 2021, $17.35, today $83.46. That is 4.8x (480%) + +I BOUGHT MORE TODAY. WILL BUY MORE TOMORROW. WILL DRS. NO CELL NO SELL. IVE NEVER ENJOYED BUYING SHARES OF A STOCK MORE. I BOUGHT AT 300, I BOUGHT AT 40, I BOUGHT AT 90. I WILL BUY IT EVERY SINGLE WEEK FOR THE REST OF MY LIFE. GG +First-time homebuyer here, trying to decide on mortgage details, and I'm having trouble determining how to weigh the two big mortgage choices while trying to consider investment money for an early retirement. With FIRE in mind, how do you decide between: + +--15-year term, with lower rate (4.99%), where we'll expect to pay ~$143k in interest over the life of the loan, but since our monthly payments will be higher we'll have less to stow away in accounts for FIRE + +vs + +--30-year term, with higher rate (5.75%), where we'll expect to pay a whopping $374k in interest over the life of the loan, but will be able to put more money, sooner, into investment accounts + +Any thoughts would be greatly appreciated -- thank you in advance! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +**What are the latest news from the stock market? What happened yesterday? Mnuchin cuts the FED’s programs and more, let’s talk about it** + +Hey everyone and Welcome, so let’s start with the recap of yesterday as we saw the Nasdaq composite +[CHART](https://ibb.co/FK78S5n) leading the way, up more than 0,8%, the S&P500 [CHART](https://ibb.co/kXKdY1g) also finishing up 0,4% and the Dow Jones Industrial Average [CHART](https://ibb.co/9Y0K4SY) barely finishing in the green on the late broad stock market rally as early day losses were cut when the stimulus bill talks seemed to have resumed in congress as this eased investor’s worries, this reversed sharply after the treasury secretary announcement after hours though, as the futures of the SP and Dow futures slipped more than half a percent. [FUTURES](https://ibb.co/sFPq0sm) / [STIMULUS NEWS](https://ibb.co/xD0Qvzt) + +The VIX continued to remain steady and remains in the clear downtrend started at the end of September as it dropped more than 3% again yesterday. [VIX CHART](https://ibb.co/q5tFDtr) [VIX CHART](https://ibb.co/LkF9ypR) + +We saw more than 60% of the companies advancing on way below volume average as investors [CHART](https://ibb.co/kh4BLQX) are waiting to see what the next days and weeks brings us, as Pfizer is expected to apply for the FDA authorization today [NEWS](https://ibb.co/w6MQ4Tp) while huge uncertainty remains with the big spike in cases of COVID-19 in the US and a fiscal policy that remains uncertain until the change in Presidency. as yesterday the treasury declined to extend 5 of the FED’s cares act emergency programs that expire at the end of the year with the most important ones being: the main street lending facility, the corporate bond purchases and the municipal bond purchases. This is not such a big thing in context as this programs have only accounted for about 25 billion$ in lending. [NEWS](https://ibb.co/tCzg4t7) + +There was a pretty even distribution of growth in all of the sectors yesterday as only utilities finished in the red with large-cap value companies being the laggards of the stock market. [CHART](https://ibb.co/vPXgVJM) / [SECTORS](https://ibb.co/smy0dhn) + +Here is the heat map [CHART](https://ibb.co/3s4c3tg) from yesterday as the big tech companies like Apple, Amazon, Google and Microsoft finally turned positive and led the stock market higher as this companies account for about 20% of the SP500, this is not the first time that the index has been dominated by just a few players, as 40 years ago IBM, AT&T, Exxon and GM made up for about 19% of the index. Though Tesla is soon joining the biggest player in the SP as they will account for about 1,3% of the index when they will be added this December. [SP HISTORY](https://ibb.co/rM846BS) / [SP FUTURE](https://ibb.co/wZnGQq3) + +Yesterday was the first time in more than a month that the initial jobless claims came in higher than the previous week as 742 thousand people filed for benefits, this was up more than 30k from the previous week and well above the 707 thousand forecasted. This is still more than 3 times higher than pre-pandemic numbers Though better data came in from the continuing claims as they fell to 6,37 million, a number lower than the previous week of 6,8 million and lower than what was forecasted at almost 6,5 million. [JOBLESS CLAIMS](https://ibb.co/521qtyd) + +While better numbers came in as the existing home sales saw a huge spike of more than 4% as they continued to rise for a fifth straight month as the Philly fed outlook also came in well above the expectations. [FED OUTLOOK](https://ibb.co/HpWKHj2) / [HOME SALES](https://ibb.co/0YyqjWm) + +The stock market may see another great moment when the European Union might approve the vaccines from Pfizer and Moderna in the next month as well. [NEWS](https://ibb.co/8KjgNyR) + +Also, today it is expected that Georgia will formally certify Biden’s victory, as this will pretty much put an end to Trump’s legal fights and will bring more stability to the economic policy expectations for the future. [NEWS](https://ibb.co/m5fYKcQ) + +Some stock market companies news came in as We saw Roku yesterday hitting new all-time highs as even bearish players start to notice the huge tailwind and boost the pandemic has given to a lot of companies. Roku rose more than 10% yesterday after this news and continues to keep growing as the decline in traditional TV continues to go on while they are also close to brining HBO Max directly to they’re platform. [ROKU - HBO](https://ibb.co/txyH21M) / [ROKU UPGRADE](https://ibb.co/kqcpH93) + +Also Nvidia will provide Fortnite players an alternative of playing on IOS devices through it’s GeForce gaming, which will mark the return of Epic Games on Apple products as they continue they’re legal battle. [NVIDIA NEWS](https://ibb.co/994HKt1) + +While GM announced they will get back in the car insurance game with vehicle data providing crucial information and benefits for the company, this is exactly what Elon Musk said about Tesla getting into the insurance game as he expects that to be a huge part of Tesla in the future. [GM NEWS](https://ibb.co/Rc9BXwb) + +And as dividends go, PEPSICO and Home Depot just announced quarterly dividends with yields in line with previous. [HD DIVIDEND](https://ibb.co/yqyTr16) / [PEPSICO DIVIDEND](https://ibb.co/1LShBhm) + +I believe there are a lot of great opportunities to buy Stocks right now as I believe companies like PayPal, Roku, Amazon, Tesla, Target and many more still have room to run by the end of the year. In the coming days I will post my new portfolio composition and targets and I will get a little more on why I chose to buy those companies. + +Thank you everyone for reading! Be sure to leave a comment down below with your expectations on the stock market! +* Surging inflation and interest rates are hammering American consumers and weighing on the housing market. + +* Mortgage demand fell last week, hitting the lowest point since 2000, according to the Mortgage Bankers Association. + +* Buyers have lost considerable purchasing power as rates have almost doubled since earlier this year. + + + +The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. + +Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index. + +Applications for a mortgage to purchase a home dropped 7% for the week and were 19% lower than the same week in 2021. Buyers have been contending with high prices all year, but with rates almost double what they were in January, they’ve lost considerable purchasing power. + +“Purchase activity declined for both conventional and government loans as the weakening economic outlook, high inflation and persistent affordability challenges are impacting buyer demand,” said Joel Kan, an economist for the MBA. + +While buyers are less affected by weekly moves in interest rates, the broader picture of rising rates has already taken its toll. Mortgage rates moved higher again last week after falling slightly over the past three weeks. + +The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.82% from 5.74%, with points increasing to 0.65 from 0.59 (including the origination fee) for loans with a 20% down payment. That rate was 3.11% the same week one year ago. + +Demand for refinances, which are highly rate sensitive, fell 4% for the week and were 80% lower than the same week last year. Those applications are also at a 22-year low, but the drop in demand from homebuyers caused the refinance share of mortgage activity to increase to 31.4% of total applications from 30.8% the previous week. + +Mortgage interest rates haven’t moved much this week, but that could change very soon due to increasing bond market volatility. The Federal Reserve is expected to hike rates by another 75 basis points next week, and other central banks are taking similar action against inflation. A basis point equals 0.01%. + +“This is especially true next week as markets digest the newest Fed policy announcement next Wednesday, but Thursday’s policy announcement from the European Central Bank could also cause enough of a stir to impact U.S. rates,” noted Matthew Graham, chief operating officer of Mortgage News Daily. + + +Source +https://www.cnbc.com/2022/07/20/mortgage-demand-drops-to-lowest-level-in-22-years.html +Someone has to explain to me why everyone is so bullish on ADA. So they're bringing out smart contracts. Alright? DOT and SOL already have that. So what is exactly is ADA bringing to the table that makes it the number 3 spot? Speculation? + +Let's be real here. Even with smart contracts, it will take YEARS for their environment to fully develop, and their dApps to be fully functional. + +Nevermind the fact that it's market cap is already huge, so the chance to even double in price is low. + +My 2 cents, not trying to hate on this. Just trying to spark a conversation. + +Edit: [Here's some reality for you ADA holders](https://twitter.com/FroggyFrogster/status/1433931459241418762) +>Nvidia shares have climbed 20% this year but the stock is still 45% below its high from 2018. + +>Analysts expect the company to report a drop in revenue as it works through excess channel inventory. + +>**Earnings:** Excluding certain items, 81 cents per share as expected by analysts, according to Refinitiv. + +>**Revenue:** $2.20 billion as expected by analysts, according to Refinitiv. + +https://www.cnbc.com/2019/05/16/nvidia-earnings-q1-2020.html +Yes they're related fields, but recently it seems as though a lot of submissions are blurring the line in a way that seems wrong to me. + +Edit: Just to clarify, I'm talking things that I acknowledge *could* be considered relevant to Economics, but in practice are simply partisan bickering. An example is yesterday when it was submitted that Bush inherited a surplus. That's not particularly relevant to Economics by itself and the submission really would have been more appropriate in politics. The submission today about the alleged dead labor unionists doesn't really seem to fit either. +I added this to my front page for some academic discussion, not more politics. + +"Leave if you don't like it!" + +Yup, that's the plan; I just want to see if others feel the same way or if there is some redeeming quality I have yet to see. +I had an investor ask me what my fee was and I replied with: + +I currently don't have any properties under contract and it varies. The goal is always to find a deal that fits your formula after all costs and fees included. + +They didn't want to continue the conversation. + +Where did I go wrong? +hi all. new to this subreddit and real estate in general, though idk if my situation would be considered “real estate investing”. + +anyway, i finished college last year and my parent’s gift to me is their old home that I grew up in. zillow has the home valued at $86,000, but not sure how accurate it is. it’s in good condition, brand new HVAC system, renovated bathrooms, etc. it’s in a pretty good neighborhood in Michigan. +once the transfer from my parents name to mine is finalized, i plan on getting it appraised and going from there. + +with a recession looming, what would you do in my situation? would you sell now, sell later, or just rent it out for the time being? +http://www.vox.com/new-money/2016/10/24/13327014/productivity-paradox-innovation-growth + +Interesting article about the changes in productivity we've seen in over the last couple decades and how those changes have affected standards of living and wages in the US. Basically, it's a story of ever cheaper manufactured goods and basic staples like food that make up less and less of total consumer spending. + +Which means that in many ways it's getting easier every year to achieve FI at a given level of consumption. + +Discuss! + +I always find the divergence of opinion on this topic very interesting. So many say it's impossible, just as many say it's easier than ever. +They absolutely initiated and inspired the movement to zero commission. They represent the competitive innovation of the free market. Now everybody else is following suit, and Robinhood has little competitive advantage. They’ll likely take a gigantic hit, all because everyone’s doing what they did first. +So the SEC is having a meeting on swap position disclosures. Trying to reinstate some transparency into the market. +If this passes it will disclose how much bad exposure these big funds have and their investors will pull out their $. + +2 funds shut down today? MOASS tomorrow?? Nope! Bigger funds will gobble up the smaller funds short positions via swaps. They kick the can some more but at the same time they increase their margin requirement. +They're able to do this behind closed doors and even their investors can't see what's going on. + +GME short positions now require 300% margin. +They are in so deep and just making things so much worse. +IT IS NO LONGER A SHF PROBLEM THIS IS RAPIDLY BECOMING EVERYONE'S PROBLEM! + +They dont want the small funds to fail margin and force close their short positions. Price would increase and margin levels would get to dangerous levels. + +I truly think that citadel and other major short funds will continue to take on those bags via swaps. + +MOASS will happen so fast it will catch us all off guard. +No dates but I think we are close. +It also looks like the SEC along with the rest of the government are finally starting to see the risk involved and take it seriously. +Buckel up! +Here’s mine: + +Fix the system + +- destroy citizens United +- remove the filibuster (?) +- limit lobbying +- extreme punishments for insider trading / force government officials to only invest in broad market etfs +- age limits for government officials must be younger than 70 on inauguration date +- term limits for judicial branch +- implement some level of ranked choice voting + + +Energy Independence + +- restart keystone pipeline (?) +- continue investments in diverse renewable energy, nuclear as a priority +- expand public transit +- financially support dying industries like coal, provide those workers with income if their jobs are lost, provide 10 year timeline for phasing out coal + +Income inequality + +- end corporate socialism / corporate bailouts +- reduce military spending +- tax the wealthy via tax brackets of the 1950s/60s +- use tax revenue to fund education for youth and increase minimum wages to $17 or equivalent COL value +- vacancy taxes for property owners +- one time $10,000 student debt cancellation for low income earners (to get them to shut up) +- liability for student loans moving forward. Treat student loans like business loans. Ability to declare bankruptcy without student loans sticking with you forever +- move to a progressive consumption tax +- add some sort of micro tax on high frequency trading +- crypto regulations +- legalize sports betting, marijuana and tax the ever living shit out of it (use to fund schools and low income support initiatives) +- redistribute social security from high income earners to low income. No reason for millionaires/billionaires to get identical benefits as senior citizens living in poverty + + + +Broader short term market adjustments + +- a transparent interest rate algorithm. i.e. 0.25% interest rate increase each quarter until inflation slows below 3%, 0.25% interest rate decrease quarter until inflation is above 2% + + +Edit: + +Seems like removing the filibuster is an extremely hot take. I’m not married to any of these ideas and to be clear this is mostly a thought experiment - I don’t expect the President to have God King powers +Initiated a transfer on Lending Club in the amount of $10k, from my Chase checking to my Lending Club HYSA. This was yesterday, August 5th. And this morning I wake up and my account is overdraft by $18k. + +Turns out the transaction was done three times. Instead of taking out $10k, they took out $10k x 3 = $30k. + +I called Lending Club and the person on the phone immediately understood what I was talking about, and she let me know that they have received over a hundred calls this morning from customers with the same issue. They claim that they have been scrambling all evening/morning to figure out what has happened. She claims that they have gone as far as reaching out to Federal banking regulators to see what happened, and they are claiming it is an issue/glitch at Chase. They claim that no "extra" money has hit their end at all. The two extra transactions did not happen on their end. + +Called Chase, and was transferred to their claims department (somewhere abroad), but they told me that I am the first caller, and they have no knowledge of this issue. Their resolution is to send me a claim letter that I have to fill out and sign, and then mail back and things will be resolved within two to three weeks. + +So they expect me to sit with a negative balance of $18,000 for two to three weeks. + +Has anyone had this happen recently? Or ever? If what the CS rep at Lending Club told me is true, then there are hundreds of very upset people out there, some who had personal checks / mortgage payments / bills, etc. all bounce due to this issue. And from the defeated sound in her voice, and the "thank you so much for not yelling at me sir", I am inclined to believe the her that 1. This is widespread and 2. It is a glitch over at Chase + + +**UPDATE 8/8/2022 - Lending Club customer service has now been instructed to acknowledge that it is an issue on their end, and affects multiple banks. No timeline for a solution yet.** + +**UPDATE 8/9/2022 - The two duplicate transactions for $10k have cleared my account, along with the original one. No sign of refund or reversal yet. LC still saying that they are working on it** +I was recently gifted $10k from a family member because I am not in the best financial situation. They don't care how I use it, they just want to help improve my financial situation. I couldn't work for 2 years for personal reasons and used up most of my savings (except for $15k in an investment brokerage account with a financial advisor and $15k in a Roth IRA). I am currently working retail while looking for a full time, long term, well paying job. My goal is to get a job with a salary of $60k minimum. + +I just started working 2 months ago at my retail job and make about $1,800/mo after taxes. I am putting $300/mo in emergency savings (it's currently at $750) and $200/mo into my brokerage account. I have $13k in credit card debt, 10k in student load debt (after the 10k loan forgiveness), and after all my essential monthly expenses, bills, and funding of my emergency savings/brokerage account, I don't have much cash left over from my paycheck. When I get my next paycheck in 1.5 weeks I will have $0 left over after everything is paid/funded. That doesn't include gas or food or any other random expenses. + +I just added $5k of that $10k into my brokerage account and set up automatic deposits of $200 per month from my paycheck into the same brokerage account. I would like to use the rest of the $5k to help lower my credit card debt and fund my emergency savings account. + +I'm really nervous I did the wrong thing by putting $5k into the brokerage account. I am essentially living paycheck to paycheck, there is a chance I may need to tap into that brokerage account in the event of an emergency, and right now the markets are shit and my financial advisor said I am down 7% so far this year. + +Did I do the wrong thing by giving my financial advisor $5k? I am not very financially savvy so please don't roast me. +I have been in Bitcoin and Ether for a bit, but I'm looking to diversify, so I plan to sell everything back into Bitcoin and spread out. + +NEO makes me nervous, anytime a coin shoots up really fast it seems like it's destined to crash. Plus, as a rule I don't trust much coming out of China. + +So, excluding NEO, what do you think I should do? +Curious what people outside of the Loopring subreddits think about it. There's a lot of sentiment that it has a good chance to multiply in its value overtime as more partnerships and NFT's get announced down the road to be using loopring, whether it is for Gamestop or otherwise. + +Personally its currently my second biggest holding after ETH. I just wonder what are the odds for it to possibly tank if the Gamestop rumors end up not being true or if it could still end up blowing up down the road, especially as a potential NFT marketplace crypto. + +What are your honest opinions of it? + +👨‍🌾✌ + Why do you feel so uncomfortable when talking to your children about anything related to money or finances? + +Speaking to your children about investments and financial decisions is extremely important and should be one of the most important things to teach your children while they are growing up. Being able to explain your poor financial decisions to your children could prevent them from making those same mistakes in their future. + +Your family should be told if you do not have enough money saved in the event of an emergency. It might be hard to tell your family if you do not have money put aside for something that could financially ruin you, but it is important to explain why that is and how you would go about finding a solution. + +Saving money to be used in the event of an emergency is a very important part of money management. If you don’t talk to your children about money management, they will be slower to learn how to spend their money wisely. They may also make the same mistakes you have in the past that could be easily avoided if you discuss those mistakes with them. + +My parents are very open to me and my siblings when it comes to talking about money. They let me know how much money they make per year and don’t feel uncomfortable with talking to me about how much our car and house are worth. Due to my parents’ openness about money, I have learned how to save money, and be mindful of how I spend money. + +There are times when it might be better to not talk about money with your family, like when you buy a gift or present for someone, but talking about finances to people you know and trust is a good way to compare how you are saving and spending your money. + +Money should be discussed with your children, and you shouldn’t have to feel like your income is a closely held secret. + +Sincerely, + +A college student +Over the past couple weeks, there have been a number high-horse posts on this sub directed at people who underperformed the S&P 500 index this year. + +I am here to tell you this: You might have done everything right and still fallen short of the S&P. That isn't inherently bad nor is it inherently a sign of failure. Lots of great companies' stocks had a bum year (AMZN, V, WMT, DIS, BA, MRK) and some got clobbered (PYPL, telecos, etc.) + +Despite popular opinion, investing in individual stocks is not about beating the indexes over an arbitrary short-term period of time. It's about owning shares of strong companies regardless of what the market is doing. Stocks like V and DIS could very feasibly beat the market significantly next year, and may be better positioned to do so if they're seen as a good value. + +Meanwhile, many posts and comments on here suggest getting out of every stock immediately (and worse, selling while they're down), and that you're foolish for even trying. This is not helpful advice. This advice is only helpful if you're the kind of person whose portfolio is 100% meme stocks with no earnings and you have no desire to learn anything new or improve your understanding of stocks or companies whatsoever. If this is you, then yes, you should listen to VTI or VT gang. + +But, I suspect this is not most people here. I suspect this is a tired stereotype, and that a large number of people reading this understand the fundamentals of their holdings quite well but still underperformed this year. Big deal. If you're a buy and hold investor, this isn't a problem unless there's really something wrong with the companies. We all know stocks are more volatile than index funds. + +There are lots of other reasons why someone might not be enjoying this 28% ride: Maybe they didn't have much invested at the beginning of the year. Maybe they're actively learning and making adjustments along the way. Maybe their net worth *is* mostly in index funds and they just want to play jazz with their stock portfolio. Maybe they're in VT and bonds, which is arguably more responsible, and had a far lower return than the S&P. + +I have learned an incredible amount about stocks this year thanks to this sub and websites like Investopedia, FinViz, OpenInsider, and others, and it has given me much enjoyment to participate in the markets in this way. Posts and comments that demean underperforming stock pickers essentially discourage learning. + +One last point: There is an ever increasing interest in socially responsible investing, and rightly so in my view. However, the S&P is not very ESG. Everybody "buying the haystack" is profitting off the fossil fuel industry, war planes, guns, major polluters, animal testing, alcoholism, lung disease, the list goes on. The best performing sector this year was energy, specifically oil and gas companies, the main culprits of climate change. Of course, many people don't care and flout such concerns. But I bet many people in VTI or VT gang don't fully appreciate this relationship and would choose not to invest this way if they knew of a better option. Stock picking allows you to invest in companies you actually support without enriching the insiders of companies you don't. + +In summary, this is r/stocks. We should be encouraging informative and intellectual discussion about stocks, and not ridiculing fellow redditors like they're a bunch of idiots. +EDIT: I have set the thermostat to 15C 24/7 now (I WFH anyway). Funnily enough I saw that my contract *requires* us to maintain >= 15C from November to April, so I'm happy to oblige. + +I'm renting in a flatshare of 3 ppl total. Our bills are included in rent. We've been really conservative with heating... and by that I mean we haven't been using it at all, having 12C indoors. We're trying to conserve energy to prevent a rent increase. + +The landlord has recently mentioned that he's *currently* paying £350 a month for Gas + Electricity and that if we turn the heating on it will reach £450+. + +Luckily I've been taking regular readings of the electricity + gas meters since last March + +The recent data I have indicates that, every day, we use on avg: + +* Electricity: ~7 kWh +* Gas: 1.5 m3 (which should be around 18 kWh) + +Our landlord says that the current monthly Gas + Electricity bill is £350, which seems really high to me. + +Looking at the [Ofgem price caps](https://www.ofgem.gov.uk/information-consumers/energy-advice-households/check-if-energy-price-cap-affects-you) from October: + +* the daily standing charges for Elec and Gas are respectively £0.46 and £0.28, totalling ~£22 / mo +* Elec 34p / kWh, Gas is 10p / kWh + +Using those costs, our bill should be roughly: + +22 + 0.34 * (7 * 30) + 0.10 * (18 * 30) = £147, less than half of the quoted amount + +Am I missing something here? Is it possible that the landlord has a contract with higher prices than the cap? (what's the point of the cap then...) +I was blown away. They interview Andy Greenberg, Amir Taaki, Cody Wilson, and extensively featured the Ulbricht family. They covered the cypherpunks, mentioned austrian economics, Mises, and anarcho-capitalism multiple times. They interviewed the head of Law Enforcement Against Prohibition. They gave a very accurate and largely favorable explanation of Bitcoin. + +The focus of the film was basically the history of the Silk Road, the bust, and how unfair the government's trial of Ross was. + +They even mentioned OpenBazaar (I almost dropped out of my seat). + +Afterwards, they brought the director Alex Winters on stage, along with Lyn Ulbricht, Cody Wilson, Andy Greenberg and a few others. They talked and had a Q&A for ~20 minutes. Obviously, it was extremely positive towards Ulbricht's position and strongly attacked the trial. + +This wasn't a Bitcoin conference or a libertarian gathering, this was a major film premiere at SXSW. It was a massive theater (easily more than 500 people) and standing room only, I had to wait in line for a half hour for a ticket. + +I still can't believe what I saw. Amazing. Everyone needs to see this film. +A lot of this information is coming second hand from my sister, so I apologize if I don't have all of the details. + +My parents both work in education and have been very bad with finances my entire life. They declared bankruptcy after taking a mortgage for a house they couldn't afford and for other tax and debt related issues. Both of them quit their jobs to focus on multi level marketing schemes shortly before this happened and are still involved with various multi level marketing schemes to this day. My dad collected his retirement early after quiting his tenured teaching position to start his own small business that eventually failed. My car and my parents cars were impounded because of unpaid debt (the title of my car is still my dad's name). My sister bailed them out by paying close to $5,000 to help settle their debt and to recover their vehicles. + +They have since both gone back into education have steady incomes, but continue to live in a large house that they rent at ~$2,000/month even though it's only my parents in the household. My sister and I have tried to convince them to downsize or move into an apartment to reduce this expense but they either can't or won't. + +A few months ago I was doing laundry at my parents house while they were both at work (my washer was broken and was being repaired) and a man incessantly knocked on their door. I didn't answer since I assumed it was a salesman and it wasn't my home. When I left I saw an IRS notice taped to their door. I didn't approach the subject with them but mentioned it to my sister to see if she knew anything and she did not. + +Fast forward to today. My sister called to update me on the IRS situation. My parents did not pay their taxes for close to 10 years. On the day of my wedding two weeks ago their accounts had been frozen. They have agreed to a payment plan with the IRS for a sum of $16,000 and have 6 months in order to repay or their accounts will be frozen again and I'm assuming their assets (cars) will be seized. My sister and I know that my parents won't be able to pay the IRS that amount in only 6 months. Not only because of their salary, but because of their expenses as well. We both feel trapped and are worried about our parents future and their ability to support themselves through retirement. My sister doesn't want to help them out because she doesn't want to enable their irresponsible behavior and become a safety net for them, and I am on the same page with her. I still want to help them, but I want them to be able to help themselves. + +We've decided to have them sit down with my brother-in-law as a neutral party to help them come up with a budget and financial plan for their future and figure out if there's a way to for them to make the payments to the IRS on their own. My sister and I will sit down with them separately to be open and upfront about our unwillingness to help them after how irresponsible they've been. + +Beyond that I have no idea what else to do. Again, they have no idea that I know and generally keep their financial problems private from me. I've worked very hard over the last few years to work out the bad financial habits that they instilled in me and I'm able to be in a steady place financially thanks to learning many habits here and through my wife, but I'm not equipped or prepared to handle this. + +What are my parents options? Should they consolidate through a tax consolidation company, or could that make them worse off? Should I offer to loan them money? + +Sorry for my rambling. Any help/advice would be greatly appreciated. + +TL;DR: Found out my parents owe the IRS $16,000 in unpaid taxes over the last ten years and I don't know what to do or if I should help them with their debt + +Edit: Thank you everyone for some much needed advice. I'm still working my way through the comments, but I think we have a solid game plan. Notably we'll be looking into a CPA or tax attorney for them (we will not be paying for those services). After my brother-in-law looks through their finances my sister and I will have a direct conversation with them. We're going to be clear that we can't, and won't, enable them to be irresponsible and that they can't rely on us to bail them out in situations like this moving forward. We'll do everything we can to help them rebuild their saving, short of giving them any money. We'll help them find a new place, or hold a garage sale, or figure out ways to cut down expenses, but in the end its their decision to finally follow that advice to recoup and succeed or to fail. + +Edit 2: We are also going to recommend a financial advisor and/or counseling after my brother-in-law sits down with them. As others have said it will be better long-term if they have a third-party helping them make decisions and to keep them on track. We'll help them create the road map, but they'll have to choose to follow it. +Sorry for the shitpost. + +QQQ jumped from 320 to 360. The market's volatility decreased. + +The drop in the last 2 weeks was very weak and followed by instant rally. + +For those who holding cash, are you still confident that we will revisit the bottom again this year? +When I was young I got into AV, specifically as a sound tech, because it was fun mixing bands and traveling around. As I got older, the implication of the mantra "we do this for the love of it, not the money" started to become clear: there is very little money. So, I put a few years in to a university degree in medical physics thinking that the aging population meant that specialized knowledge in age-related illness like cancer would be a bit of an insurance policy against working for very little money for the rest of my life, but in the past year I have started to hear PhD students and post-doc fellows saying the same kind of thing: "you don't get into science for the money". My question is, what industry do people get into for the money alone, even in the short term? +With all the doom and gloom in the media saying we are heading into 2 year recession etc, I'm quite surprised. I don't check my vanguard account much but logged in to see that my FTSE global all cap is doing ok (been a bit volatile over the last year but hasn't really dropped much overall). + +I know it is not a good idea but can't say I'm not tempted to cash out and see how the market looks in another 6 months or so. +Tech industry veteran here commenting to give some encouragement to those still hodling. + +The bearish press is out in full force again and this time they are pointing to the lack of adoption of ICO projects and Dapps as evidence that Ethereum is dying. + +At a glance, it seems true. The prospects for Dapps are extremely slim. 85% of smartphone users only use 5 apps (besides the preinstalled/native apps like mail, calendar, notes, etc.) Any ICO launching a Dapp has to contend with 3 million existing apps to make it into a users top 5 and achieve daily usage. + +Consumer adoption is a brutal game and that is why it was never the right approach to gain usage. The adoption we actually need is already here: developer integration. From established industry titans like Microsoft, Facebook and Google to younger entrants like Square and Shopify - we’re seeing a massive wave of interest and steady integration with existing services that people already use. + +This is the adoption that will get billions of people using crypto without even realizing it. This is the way most technologies grow. Not by consumer choice, but by developers of existing products deciding what’s best for their users. Most users didn’t notice the switch from Flash to HTML5 or the introduction of IPV6. Yet they use these daily. + +So HODL. Maybe buy the dip if you can. Because the drivers of the industrial machine have already steered us toward the path to mass usage of the Ethereum platform. +Like many of you, I really enjoyed u/ethical-trade's thoughtful "[Before the flood](https://www.reddit.com/r/ethtrader/comments/bar534/before_the_flood/)" post. I have actually been thinking about writing a short summary of my experience here, or a "thank you," so inspired by his example, here goes. + +I came to this space about two years ago. I remember buying my first ETH at about $250 or so. I had bought my first Bitcoin a few weeks earlier, together with some Litecoin. Over the summer, I studied the Ethereum ecosystem and increasingly became interested in the possibilities this new technology would enable. I started asking (dumb) questions on this sub, figuring out how to secure my coins, what a fork means (how the politics of the Bitcoin fork played out), what scaling problems needed to be solved, et cetera. I kept on DCA'ing, more or less, and went from 2:2:1 BTC/ETH/LTC to 1:4 BTC/ETH. I picked up some ERC20 tokens, too. The market was going up, and I remember reading u/DCinvestor's long but thoughtful posts on the state of Ethereum. I joined a local monthly crypto meetup. I was making "easy" money in the fall of 2017, thinking I was "a genius" for making the right call, as cryptocurrency marched on to all-time highs. I kept on buying more ETH, and even gave some younger cousins $5 worth of ETH at Christmas. I probably talked about my newfound interest with too many people, or at least I wasn't cautious enough. A friend of many had unexpectedly received a few hundred euro's and we talked about cryptocurrency. I helped her set up a Coinbase account to buy some ETH. Looking back, I think I was quite cautious in my approach, stressing the volatile nature, but an order was placed at $1200 or so, which still makes me feel bad. + +Anyway. I didn't take profits. I thought that we might as well see $3000 ETH soon, partly because of the Ether futures, partly because of the Bitcoin ETF rumors, and I just needed to hodl. As the market started going down, I kept DCA'ing. This was just a temporary break, right? And I want to be [rich like ETH whales](https://www.reddit.com/r/ethtrader/comments/887opi/i_am_an_eth_whale_ama/)! In April/May, there was reason to believe we had recovered, as ETH jumped from $500 to $750 (iirc), but that didn't turn out to be right. Time passed on and I kept on buying. Somewhere in the summer, I sold my motorcycle for €7000. I thought it was a good idea to take that money and buy 1 Bitcoin, thinking that "soon, I'll be able to buy a car with that money!" Wishful thinking, for sure. Just like selling $1000/AMZN (after a nice runup) for $1000/ETH a few months earlier. Probably the worst trade I ever made. Maybe I should've bought a [crypto station instead](https://www.reddit.com/r/ethtrader/comments/8jkfmq/my_10_crypto_station_is_ready_for_a_bull_market/), or put more thought into [How to Survive Crypto Investing](https://www.reddit.com/r/ethtrader/comments/84f1tn/how_to_survive_crypto_investing_in_this_market_or/). In any case, if the saying's right, namely "[hodlers make their money during the green candles, but they earn it during the red ones](https://www.reddit.com/r/ethtrader/comments/7qz1qn/daily_general_discussion_january_17_2018/dsszbbw/)," I had definitely earned it by now. The market was going sideways, and even uncle Mike [called a bottom](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i7enz9rH.44Q/v1/-1x-1.png). And Bakkt! But the worst was yet to come. + +The bear continued and Bitcoin broke from $6000 to $3000, and we went down all the way to $85. I had opened a CDP a few weeks earlier ([playing around](https://old.reddit.com/r/ethtrader/comments/a0s384/daily_general_discussion_november_27_2018/ealcpef/?context=3)), thinking we had seen the worst around $200. Boy was I wrong, and boy did I lose sleep for a few weeks, when we went from $200 to $150, $120 (Lubin mentioned that "two digit $ETH would be bad" iirc on a podcast, and started letting people go around that period), $99 and down. I kept on adding ETH to my CDP, which was good, because I would not get liquidated (yet), but it was bad too, because now my CDP grew much bigger than I wanted it to be (% wise compared to total holdings). Postponing liquidation meant adding to the size of the collateral lost. Around this period, other people shared their stories. It was horrifying. A guy here went from low 8 figures to losing half his stack in a few months. In the end, I didn't get liquidated. I did make two videos around that time, which are private for now, just to remind myself how emotionally difficult that period was (and the daily's were quite amazing, Dec [14th](https://old.reddit.com/r/ethtrader/comments/a625ea/daily_general_discussion_december_14_2018/?sort=top) and Dec [15th](https://www.reddit.com/r/ethtrader/comments/a6cx1d/daily_general_discussion_december_15_2018/?sort=top)). Other people were very [thoughtful](https://www.reddit.com/r/ethtrader/comments/9r7nkm/daily_general_discussion_october_25_2018/e8gjvh1/), and iirc, it was around this period where u/shouldbdan started experimenting with the donut bridge, and putting up [hilarious](https://www.cryptocurator.org/wp-content/uploads/2018/12/muh-crypto-bags-x-hq-low.jpg) banners. u/oldskool47 had some great [relationship advice](https://www.reddit.com/r/ethtrader/comments/awenvi/daily_general_discussion_march_2_2019/ehmk9w5/), too +(Of course, such cheap $ETH was a reason for some to go all-in, which I call the [Justin Drake strategy](https://www.reddit.com/r/ethereum/comments/arw075/ama_about_ethereum_leadership_and_accountability/egq7cik/). Come back with your shield or on it.) + +Which brings me to my final point, and the reason why I'm writing this in the first place. I want to extend a big thank you to some of the people here who genuinely tried to turn this place into something positive, worth following and inclusive towards all. First and foremost, the moderators. Second, all the great community members here, especially YOU, if you made it all the way through this wall of text. I'm looking forward to this next cycle that we seem to have entered. +Just started work at a Market Maker and I legally cannot have a Robinhood account or trade options. + +It was nice knowing (and degenerately gambling) with you all. + +F +You often read about millionaires and billionaires donating huge sums of money to their former university. For example Stephen Ross donating 200 Millionen to the University of Michigan or the record breaking 1.1 Billion by Michael Bloomberg to Johns Hopkins. + +From an philanthropic point of view this doesn’t make sense to me, top universities make more than enough of money from their tuition fees and usually people who are already well off can attend those schools and therefore would profit from the university buying better equipment. + +I‘m not saying it’s bad but philanthropically donating money to charity makes way more sense than to an already rich university. + +Another reason I could think of is making sure that your kids get a place in those institutions but this surely can’t be the reason all the time. +Guten Morgen to this global band of Apes! 👋🦍 + +I apologize for not having this introduction ready when I posted the thread today. +Some days I run a little short on time when I write, but I wanted to get the thread posted at the usual time. + +Yesterday was exciting, was it not? +Somehow the market rallied, though I don't think anyone truly believes in the rally. +I have a feeling that it was just another case of Wall Street trying to take advantage of retail investors playing Put options on a downward trend. +The manipulation is blatant, but ultimately meaningless. +I don't sell for 8% gains. +I don't play GME options. +I buy and DRS GME, and nothing is going to change my mind that it will lead to the MOASS. + +As we continue to anticipate the fall of Credit Suisse or another of the banks on the brink, let's enjoy the worldwide movement that has formed here. + +Today is Wednesday, October 5th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$27.40 / 27,71 €** *(volume: 2401)* +- ⬜ 115 minutes in: $27.47 / 27,77 € *(volume: 2180)* +- 🟥 110 minutes in: $27.47 / 27,77 € *(volume: 2160)* +- 🟩 105 minutes in: $27.47 / 27,77 € *(volume: 2160)* +- ⬜ 100 minutes in: $27.45 / 27,75 € *(volume: 2160)* +- 🟩 95 minutes in: $27.45 / 27,75 € *(volume: 2119)* +- 🟥 90 minutes in: $27.44 / 27,74 € *(volume: 2079)* +- 🟥 85 minutes in: $27.45 / 27,75 € *(volume: 2006)* +- 🟥 80 minutes in: $27.45 / 27,76 € *(volume: 1973)* +- ⬜ 75 minutes in: $27.47 / 27,77 € *(volume: 1920)* +- 🟩 70 minutes in: $27.47 / 27,77 € *(volume: 1862)* +- 🟥 65 minutes in: $27.11 / 27,41 € *(volume: 612)* +- ⬜ 60 minutes in: $27.25 / 27,55 € *(volume: 612)* +- 🟥 55 minutes in: $27.25 / 27,55 € *(volume: 602)* +- 🟥 50 minutes in: $27.26 / 27,56 € *(volume: 597)* +- 🟩 45 minutes in: $27.27 / 27,57 € *(volume: 597)* +- 🟥 40 minutes in: $27.26 / 27,56 € *(volume: 595)* +- 🟩 35 minutes in: $27.28 / 27,58 € *(volume: 595)* +- 🟥 30 minutes in: $27.27 / 27,57 € *(volume: 568)* +- 🟥 25 minutes in: $27.29 / 27,59 € *(volume: 568)* +- 🟩 20 minutes in: $27.31 / 27,61 € *(volume: 558)* +- 🟥 15 minutes in: $27.28 / 27,58 € *(volume: 557)* +- 🟥 10 minutes in: $27.30 / 27,60 € *(volume: 556)* +- 🟩 5 minutes in: $27.31 / 27,61 € *(volume: 536)* +- 🟥 0 minutes in: $27.20 / 27,50 € *(volume: 316)* +- 🟩 US close price: $27.60 / 27,90 € *($27.58 / 27,88 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9891. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Super new to REI and trying to learn everything I can, so sorry if this is a dumb question. + +So if somebody had the cash savings to purchase say, a duplex, why would they take out a loan vs. buying it upfront? I understand that getting a loan allows you to still bring in some profit every month, but it just seems like paying it all off and waiting a few years to make a profit may be more beneficial? +[Norway Is Being So Smart About Investing Its Oil Windfall That Its People Will Be Set For Generations](http://www.businessinsider.com/what-norway-can-teach-other-oil-rich-countries-2014-11) + +If only other nations thought the same way. Rather than racing to get all the oil as fast as possible and shoot the economy directly to the moon (only to fall back down when oil prices fall or the spigots run dry), Norway has created a sovereign wealth fund to manage the oil revenue and invest the surplus income for future generations. + +They realize that the oil belongs to Norway's people, but not only the present people, the future citizens as well. They preserve the wealth for the future... I wish more governments could understand this concept. +Times are bad, and I know that many of us are 40-50% down on our blockfolio. So let me tell you one thing. + +I started taking interest in cryptocurrencies in the june of this year. Initially it started with following the prices and checking CMC daily. Then, in july the prices dropped and I decided that it was the right time to get in. I got in when ETH was at $200. In the early days, what I was doing was pure speculation. All i knew was that Bitcoin was a decentralized currency and that it had some great benefits. + +Some weeks later, I started reading and watching videos about the other coins. And trust me, when I learnt what Ethereum was, and what it could potentially do, I was shocked and got chills down my spine. This was right out of the sci-fi, for me at least. I kept on reading more and more, and there were times when I got so excited that I COULDN'T SLEEP AT NIGHT BECAUSE OF ETHEREUM. + +This is the kind of excitement you feel for something when you know that it's going to change the world, it's going to be the most formidable force in the entirety of existence. I was happy beyond measure because I would be living a revolution. My feelings and my certainty about Ethereum have grown only stronger. + +I want to remind you why you invested in ETH in the first place. Think of that before panicking, or fudding. + +Hope I could be of some help. +The main reason I'm all in on GME is because the DD still to this day remains completely unchallenged. No one has yet to make a counter-DD that can fully disprove without any room for doubt that MOASS cannot happen and that shorters have closed their positions in GME. + +Meanwhile, on the flip side, those against GME have been caught in scandal after scandal that only further proves that the DD is correct; + +* Vlad and Griffin lied under oath about their involvement with each other and their manipulation of GME +* Faked GME "shares" from FTX and other tokenized trading platforms were found out to have been used to create fake collateral for short positions +* The buy button was disabled +* The massive run-ups were shut down +* Daily volume still shows that the majority of shares are being shorted and traded through dark pools +* The DTCC committed international securities fraud with the stock split via dividend by treating it as a regular stock split when it should have been a dividend distribution + +All these fraudulent activities over the past two years proves that the DD is true, that the GameStop saga is not over yet, and that MOASS is inevitable as we continue to DRS, HODL, and EXPOSE. + +Thank you for coming to my APE Talk. +&#x200B; + +I FIREd last year at 45. + +Ha! That whole "what happens if you retire at the height of the great depression?" + +I may be testing that. + +However currently things are actually good. Its been a quiet year for me on the home font. + +Since I am FI already I'm not stressed about not going in to work or trying to work from home or hoping not to get laid off. My checking and saving have enough to get me though for quite a while. + +I have basically been on my own "social isolation" for a year. Its hard to have a social life when all your friends and ex- coworkers are busy with employment! I was catching up with all the new release moves until the shutdown. + +I have finally been able to catch up on a bunch of the games I neglected over the past few years. My biggest "splurge" was building a new PC to play the modern games. I enjoyed "The Outer Worlds" and Fallout 4 has been great. Epic has been giving away games weekly so I have a bunch in my library I haven't even had a chance to try. + +My health has actually dramatically improved since I no longer have to deal with the stresses of my old job. I am able to cook at home and not not eat out as much. I lost a bunch of weight and all my vital stats are back in the green! Still plenty of room to improve. I was getting out and doing some exercise before Covid. That has died down and I really should get back to walking a bit more, even if I need to wear a mask. + +My net worth has taken a bit of a hit but I still have enough "slack" in my budget that I'm not stressing. I even picked up a little stock that I feel will do well in the next couple of years. I'm not going hog wild but I'm betting on an eventual recovery even if it takes a while. I have some time. + +My main yearly worry is heath insurance and how to deal with it. Since I can control my conversion from my 401k/ira into my Roth I can have enough "income" to qualify for ACA. That's my current plan until we finally fix the heath care system in this country. + +So all in all its not a super exciting update, but if you are working on FIRE, or just FI, I can say it is worth it! +Hi, I’m the AlaskanBullworm. +I tend to love rabbit holes and kool aid and I’m a little zoinked right now so bear with me. SOMETHING BIG IS COMING. + +I’m not gonna sit here and write a 1000word DD/Speculative piece on why I think this, so Enjoy the simplicity i’m gonna provide for you. + +GMerica is no secret, but I have a feeling this is gonna be the central hub for all decentralized transactions that take place within the gaming sector, art world, and the trading of securites(for companies who are willing to partake in the exchange). With all the ties gamestop has with apple, google, and other major players in the game. And Our 🪑 man responding to Musk on twitter. I think we’re gonna witness the biggest tide shift in financial history. A retail driven market/exchange. With Musk buying out twitter, and him having the same ideals when it comes to governing bodies and short sellers as Ryan, I think it’s safe to say Twitter might play an important role in adoption of GMerica. Whether it be getting it trending or even getting the word out to common folk. We will find out. With the censorship not really being an issue anymore, I feel like more and more people will hear about everything we all preach and know. Now, whether this gets lost in new or not, I’m more than open to hear any ideas or further commentary on this Glorious piece my thumbs have written to you. Thank you for listening to my Ted Talk, you can find me out back behind the Wendy’s DRSing my shares as I await for my one-way trip to the moon. Peace be with you and May MOASS be tommorow🚀🍻🗽 + +Edit: someone messaged me suggesting I link this post. Was a hell of a read https://www.reddit.com/r/Superstonk/comments/sl8hii/esl_faceit_acquired_for_15bn_eur_and_says_on/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hello all. I suspect this might not be the exact right subreddit for this, I would gladly welcome any direction on more appropriate places to post. + +**I basically want to see if there are any more avenues for help that I can look into for my dad.** + +My dad is a 61-year-old veteran (discharged honorably younger in life, never injured in duty). He lives in Michigan. + +EDIT: He served six years, plus two in ‘non-active reserve’. He served in his late teens(?) or early twenties (I will clarify this as soon as I can). This would have been early eighties. He did not serve in wartime. He was a file clerk in Hawaii, which he describes as “uneventful”. + +He is currently housed (single home rental). He pays for his own utilities and cell phone. His rent is $750. He has a vehicle and minor home items, but no significant assets, no real estate, etc. + +He, unfortunately, chose to under-report his income for most of his life, making most of his money cash, under the table. He has also done 1099 work over the years (including this year). He did have W2 employers here and there (briefly) but none that offer pension or other long-term help. + +He has no retirement account and (basically) no savings. His income has varied wildly, but he estimates that his 1099 work was only $2000 last year, with the remainder of his bills being paid with cash jobs (to be clear, not enough cash jobs that he has anything left over). + +He has not filed income taxes since 2011. This is, of course, my most emergent concern, and I'm reaching out to advocacy groups for low-income folks to try to sort that out as soon as possible. I know that will be a whole other deal, and I'm not looking for tax-specific advice here- just providing context. + +He worked in carpet laying for many decades, and has ruined his body doing so. He's now under tremendous pain (hips/legs/back), although he has no specific diagnosis for any ongoing "condition". + +He is currently in the VA hospital after experiencing several strokes over the last few weeks. They were, thankfully, small, and his initial weakness is getting better each day, but he'll be out of commission for a bit more. (this is not considered a long-term "condition", but is a symptom of smoking/cholesterol as far as the doctors have said) + +He does have insurance through the VA, which I’m given to understand is sufficient for his situation. + +Dad is underweight (pain makes it hard to eat and I believe he's also been hiding from me his difficulty buying food) and has been having difficulty making ends meet over the last few years as it is. With his health becoming worse, we're concerned that his ability to work is going to go downhill quickly. Certainly, his current physical-focused job is untenable. Even if he could find a minimum wage place that's not too physical to hire him part-time or something, it wouldn't be enough. + +What I have looked into so far: + +* Section 8 housing - He would technically qualify, but all lists are currently closed. When they do open, it could still be 2 years or more to get help. He c +* He does qualify for social security, starting at age 62. He will receive around $800/mo if he starts at 62 (next August) +* I can't imagine that he would qualify for disability- he has no formal "diagnosis", and is not old enough to get that help without being disabled. I am also dubious if he has enough work history on the books to qualify for disability anyway. +* He has three adult children, none of which are able to take him in (all are living in tiny spaces or are, themselves, on SSI / other assistance with their own issues). I am the most stable financially, but not doing well enough to take over his bills to the extent he would need. I hope to be able to assist a bit, but it won't be enough. (I am also caring for my disabled mother financially- they are divorced) +* Obviously, he could move into VA or simular housing but this option is... well, it's pretty terrible as it's typically designed to be transient in nature and most typically you're housing with folks who have addiction or mental health problems, which is tough. + +Any suggestions on other avenues to check into? Anything I'm forgetting? +I get there are alot of upset people with the BAT ICO but goddamn the fact that there is a vocal group of you people actually wishing and hoping for the failure of a potential dapp is lunacy. Reading all the comments lately brings me back to the DAO days when this place was flooded with concern trolls from r/bitcoin who previously hated everything about Ethereum all of a sudden fully supported the scam community of ETC. + +I agree ICOs are a huge potential problem if people start losing a ton of money on them due to dishonest teams or outright thieves, but i highly fucking doubt the team behind BAT is one of those. Maybe their model will fail but i have no doubt that they will try their best to make it work. And if it works that can only be a net positive for the Ethereum community as a whole. + +It was definitely centralized and unfair to the little guy but in my opinion if they achieve their goal and get adopted in mainstream use then i dont give a damn about how they started. I would rather cheer for their success on the sidelines than hope they lose everything because i wasnt playing on the field. +Hi! I'm a foreign student studying in Milan for six months as a part of the exchange program of my university in Munich. I've rented a room with my girlfriend and because of our poor knowledge of Italian laws we got into quite a mess. +Our landlord promised us he was going to come over the apartment only once or twice a month and therefore we would have it all for ourselves, now it turns out he rented the other room to somebody we don't even know. He also told us he works as a reporter in Rome, but the contract states that he is serving military duty there. +We found out he wrote that the rent (700€) is actually 350€ rent and 350€ services. +I asked him for a receipt of both things separately and he told me that I have to pay 1.81€ every time I want a receipt, and because we are two people living in the room we HAVE to pay twice. +About the services he told me that because of privacy reasons he can't share the information of why exactly he charges us 350€! +We don't know what do to, we wanted to get a lawyer involved, but since we are students and foreigners in this country we don't want to get scammed again, maybe a German lawyer would be a better option since I study there and can explain the situation much better.. + +TL;DR: Italian landlord has been lying to us about the conditions of the rent and he doesn't want to give us receipts because of "privacy" reasons and we're pretty much getting scammed +Let's say that you have 100k ready to invest. Most platforms under EU law, guarantee up to 20-30k of investment if the company goes bankrupt and up to 100k in deposits. + +If you want to invest for 10-20+ years, would it be wiser to split 25k-25k-25k-25k in 4 separate platforms in case any goes bust? For example, Degiro, Trading212, IKBR, etc. + +What do you think? +:EDIT: Okay, some of you are nitpicking and drawing your own conclusions. + +* Kid = child. There is no distancing in using the word kid. Maybe it's local/family vernacular. It's just what we say. She's my little angel. +* Mother of my child because that's what she is. I can't say wife because she isn't. We may not be lovebirds anymore, but we're still dating. +* Clothes. One redditor mentioned maybe he treats it like a uniform. That's what I do. I went from an actual required uniform to doing whatever I want. I work in a machine shop out back almost every day. So it's carpenter's jeans and a sweater. Yes, I bathe and wear fresh underclothes. Wow. +* Hair. I went from $10/hr with a required high 'n' tight to doing whatever I want. So I'm growing it out (and trying to escape a mid-life crisis receding hairline). +* You should have paid it off sooner. I went from $10/hr in 2012 to $80k annum 2013 to $150k annum 2014. I had a lot of debt repair to do in those first good years. + +I follow this sub regularly, but I wouldn't say I'm actively on FIRE. I save/invest heavily in my retirement accounts, but have a leisurely enough lifestyle as-is that I don't think I'll retire earlier than say my 50's. I'm 36 now. + +I'm extremely frugal in some areas (haven't bothered with a haircut in almost a year, wear the same exact clothes every day (minus underclothes)) and borderline excessive in others (my one true hobby is my little airplane that cost me $30,000). + +Everything else either is reinvested into my self-owned business, retirement or my kid. + +Having said that, I live in a very low COL area, but make about $130k. That's serious money out here. The mother of my kid lives with me and fends for herself as far as her bills go. The big bills (mortgage, utilities) I handle. What's funny is I can run this company anywhere in the country. In SF or NYC, that $130k won't go very far. This was key for.... + +Buying a brick ranch starter home 1/1/2007 for $64k at 6% fixed. Nice quiet dead end street in the city, lots of kids running around, most of the time the neighbors aren't morons. Typical American Dream. + +Almost 11 years to the day, I have it knocked out. I ignored offer after offer to refinance at around 3% because I knew this day was coming soon and there was no point in going through the paperwork headache to save maybe $200 in interest (providing I had it paid off when I thought I would). + +If you really dig through my trollish post history, you'll find the random post here and there where I ask if it's better to pay off the house or invest heavily. Most redditors said to invest and keep plugging away at the loan. + +I've always patently disagreed with that. The house is now mine. Free and clear. My insurance and taxes **combined** don't equal $1500/yr. As an old boss once told me, "Always worry about your house first. You get that paid off and it doesn't matter what happens to you financially." + +I took that to heart, especially with my current business. My income could dry up at a moment's notice and I'm basically unemployable otherwise. It always just made sense to get a guaranteed roof over my family's heads. + +**TLDR**: Bought $64k house 1/1/2007 making what is probably min wage now. Paid off yesterday after bumping up to low-mid $100k's in 2014. Also, I'm apparently an aspergers-riddled hermit. +This has been going on for over a few years now, and I just got denied from a discover card for students that literally doesn't require a credit score. I have a single checking and savings account, have always paid my rent on time, always paid my bills on time. I gross 200k annually. I have never been to collections. Credit karma indicates my score is 635. I have called them. I have called Equifax, TransUnion. They can't do anything to help. There is zero instances of identity theft, I keep track of this. I'm assuming the score is low because there isn't much credit history, but I don't know. I have never had a mortgage or leased a car. This is annoying as fuck, I literally can't raise my score because I can't get a credit card despite being in amazing financial shape. None of this is bullshit. I'm guessing the only thing I can do at this point is get help from my parents to get a card. +https://www.bloomberg.com/news/articles/2021-03-11/amazon-quietly-began-building-a-grocery-chain-during-pandemic + +Grocery analysts say Amazon Fresh stores are likely cheap to launch and even cheaper to run—the perfect weapon to stake a long-term claim in a famously low-margin industry. + +Analysts have long expected Amazon to bring its cashierless technology to larger stores. The company currently operates two Go Grocery locations, the largest of which is about 13,000 square feet—or roughly six times the size of the original convenience stores. Fresh stores are substantially larger, ranging from from 25,000 square feet to 45,000 square feet. + +Amazon is always looking for a way to defend from walmart and target, amazon fresh store is the perfect answer. Amazon keep improving the logistic warehouses and expanding the delivery network, the fresh store will be easily managed and capturing the low margin market share. Amazon is providing an unlimited growth opportunity for shareholders, for investor who bought amazon under $3k for the latest pullback, congratulation. + +Thanks for the awards. +This is the OG Only 1 Token, perfect timing to get in before we migrate to bigger and better things. + +NEW WEBSITE: + +[https://only1token.com/](https://only1token.com/) + +Over the last month Only1Token has has developed a strong community of people that realize this isn't just another flash in the pan on the BSC. The project launched a month ago and came out of the gates hot hitting an ATH of $11M in five days. But it wasn't long after that when the liquidity issues was noticed. And when I say liquidity issue I don't mean it was a rug pull, I mean there was an issue with the smart contract where it wasn't adding an adequate amount of the transaction fees to the LOCKED liquidity pool. + +So instead of walking away from the project like 99% of other devs would do; the O1T Dev looked at this as an opportunity to make something great, even greater. The team immediately went to work on the new contract and proposed a launch date of May 18th. And redesigned the website. And improved the branding. And made some partnerships with with other exciting projects on the BSC. And stayed extremely transparent with the community to keep a solid base of holders. + +The new token could be the one that all of the other new projects are copying and pasting. MIGRATION to V2 went extremely well today and the devs kicked ass. + +☝**Max Supply of 1** + +7% Transaction Fee + +* 4.9% rewarded to holders +* 1.9% added to trading liquidity +* 0.2% sent to Project Evolution Fund for Marketing / Future Improvements, this will be totally transparent and will allow us to market into the next stratosphere! + +[Staking added](https://only1token.medium.com/preparing-for-the-v2-migration-c1b79e851905) after V2 Migration!: + +>As mentioned above, over 25% of the supply of upgraded O1T will be given to the community in the form of LP staking rewards. Anyone who holds O1T will be able to go to the Liquidity section of PancakeSwap V2 and supply equal USD values of BNB and O1T in exchange for Liquidity Pool tokens (LP tokens). LP token holders receive a share of the built in PancakeSwap trading fees as well as a share of the 1.9% liquidity fee AND a share of the 4.9% reflect rewards. + +🐡**Partnership hasn't been announced yet but there is one coming.** + + +BRAND NEW CONTRACT: 0xBB994E80E2eDc45dCe9065bda73ADc7E9337b64F + +🔒Locked Liquidity on DX sale + +🥞**Pancake Swap** + +You need to use V2, 7% slippage. + + +📱Telegram: Only1Token + + +Marketing Plans after V2 Migration (from [Medium](https://only1token.medium.com/preparing-for-the-v2-migration-c1b79e851905)**):** + +Marketing O1T is a constant, ongoing effort and we aim to continually explore new ways to share O1T with the world. One of the longer and more sustainable methods of continually marketing O1T to other BSC communities will be with our portfolio tracker which we will resume development 'since we have completed the token upgrade. + +We hope everyone in the community is as excited as we are for the future of O1T as we make history together! It won‘t be long before everybody becomes aware that there’s Only 1 Token. + +As part of the Token Upgrade (also from [Medium](https://only1token.medium.com/preparing-for-the-v2-migration-c1b79e851905)**)**: +This posts explains some dos and don'ts about what to post on /r/Bitcoin . + +First lets start with... + +---- + +**Messaging mods** + +Modmail is for: + +* Problems with the subreddit (some sidebar links are broken for example) +* Problems with submissions (spam filter sometimes catches too much, we sort things a few times a day. If you have an **urgent** submission, contact us) +* Requests that need mod support - if you need us to verify your identity for say, AMA, or that you represent an organization, contact us and we'll do our best to help you + +Modmail is **not** for: + +* Asking general questions +* Reporting obvious spam submissions (that's what the **Report** button is for) +* Advertisements on the subreddit (it is handled [through Reddit](http://www.reddit.com/ad_inq/), not us) +* Help with shadowbans (again, that's Reddit, not us. [Contact them](http://www.reddit.com/message/compose?to=/r/reddit.com)) + +**Frequent requests:** + +* "Can I get a flair?" - No, at the moment we are **not** giving anyone flair on the subreddit +* "Can you add my subreddit to the sidebar?" - If you are a local Bitcoin subreddit, we can add you to the wiki. If you are not a Bitcoin-related subreddit, 99% chance the answer is no. If you are a Bitcoin-related subreddit, we only add subreddits that are established - if you have less than a few hundred subscribers and less than a post a day, the answer is most likely no. Beyond that, we can talk. +* "Can you link to my website from the sidebar?" - No + +---- + +**Submissions** + +**Please don't post:** + +* Ask to be stickied - it's like asking for upvotes. People don't like it when you ask for upvotes. +* General questions about how Bitcoin works - go to /r/BitcoinBeginners or search in http://bitcoin.stackexchange.com/ . +* General newcomer questions, like "which client should I use?", "how do I buy Bitcoin?" - again, /r/BitcoinBeginners +* Questions about mining - go to /r/bitcoinmining +* "Is it profitable to mine?" - punch your numbers into [a calculator](http://tpbitcalc.appspot.com/) or go to /r/bitcoinmining +* "Should I buy Bitcoin?" / "Is it still worth investing in Bitcoin?" - You shouldn't take financial advice from the Internet, you need to figure this out for yourself +* "What about altcoin X?" / "Should I buy altcoin X?" / "You should buy altcoin X!" - This is a very big topic in itself. Short answer is no under most circumstances. For a longer explanation, please read [my blog entry](http://tpbit.blogspot.ca/2013/11/on-subject-of-altcoins.html) and the accompanying [reddit submission](http://www.reddit.com/r/Bitcoin/comments/1rvs0m/on_the_subject_of_altcoins/) for discussion on the topic. +* Asking for money - unless you are a reputable charity, your post will be treated like spam +* Complaints about not buying Bitcoins when they were $X/BTC - nobody cares +* Referral links - your post will be treated like spam +* "BUYBUYBUY"/"SELLSELLSELL" - you will be treated like a troll +* Submissions or posts with curse words directed at someone - don't insult other people. Your posts will be treated like spam otherwise. Occasional expressions like "holy shit this is awesome!" are tolerated in moderation. +* "Can I buy less than 1 bitcoin?" - The answer is "yes, you can purchase as little as 0.00000001 BTC at a time, you don't have to buy a whole coin, similarly how you can buy a gram of gold, you don't need to buy a whole gold bar" +* "What happens after all 21M BTC are mined?" - Either Bitcoin will be long gone before then (if the system doesn't catch on), or [miners will be earning their money from transaction fees instead](http://bitcoin.stackexchange.com/q/18103/323). +* "What happens to lost coins?" - Lost coins remain lost, unless someone finds a private key for them. [This is **ONLY** viable if quantum computers become strong enough](http://bitcoin.stackexchange.com/q/6062/323). Otherwise, [the numbers used by Bitcoin are too big to be brute forced - heat death of the universe will occur before a colission is found.](http://bitcoin.stackexchange.com/a/7732/323). [As for re-mining old bitcoins, there are many reasons to not return lost coins back to circulation.](http://bitcoin.stackexchange.com/q/484/323) + +**Take heed when posting:** + +* Memes - memes are allowed, but some people may not like you for posting them. Be sure to use /r/Bitcoinmemes as well +* Information about all-time-highs, price spikes, crashes and so forth - 90% of the time, someone has already posted about it. Check /r/bitcoin/new first before posting. +* Questions about help with a particular website or business - /r/Bitcoin is not tech support for any business, you're better off contacting the support of the business in question through their forums or ticket system + +**What to do if you see...** + +* Spam - click "report" underneath the submission, vote accordingly. Don't message mods unless the spam is subtle or needs context +* Repost - vote accordingly, click "report" +* A post from the "don't" list above - direct the posted to a proper subreddit if applicable (for questions and newbie posts), vote and report accordingly otherwise +* A post that is allowed on this subreddit but you don't like it being here - vote accordingly, don't report it. If it is allowed, the mods will not remove the post. Your votes shape what submissions get the most exposure - upvote the posts you want to see more of, downvote the ones you want to see less of. + + +---- +**Some good guides you should look into:** + +* [Will I earn money by mining?](http://www.reddit.com/r/Bitcoin/comments/18r5qc/will_i_earn_money_by_mining_an_answer_to_all/) +* [Basic Bitcoin security guide](http://www.reddit.com/r/Bitcoin/comments/1pxy4w/basic_bitcoin_security_guide/) +* [The straightforward Bitcoin safety and security guide](http://www.reddit.com/r/Bitcoin/comments/1s9vds/the_straightforward_bitcoin_safety_and_security/) + +---- +**Please do** + +* Read the sidebar for community rules - following them will make everyone's day better. +* Be sceptical of any news without credible sources - a lot of bad people are trying to play on your emotions by fabricating fake stories. Be sceptical of any story without a credible citation, especially when it is related to economic or legal side of things. + +---- + +Thank you for your attention. Post responsibly, vote on all submissions, live and let live, have fun. +If it's under $25 million / share, it's a fake squeeze. That's it, it's genuinely that easy, if it hits $10k and drops to $2k it's a fake squeeze, if it hits $1 million and drops to $25k, it's a fake squeeze. + +###IF IT'S UNDER $25 MIL IT'S A FAKE SQUEEZE ### +Edits: + +I posted after tax numbers since I’m not in the US and the tax game is totally different here. Apologies for not having spelled that out upfront and leading too all sorts of confusion. + +1. Median household income here is 45k after tax and retirement contribution. Households at the median income qualify for housing that is heavily subsidized by the government. +2. Yes, my 2 br apartment is 300 sqf, I am sure and aware of this sad reality, guys. Don’t make me rethink it please. +3. $1100 is my rent only. I have 1 roomie. Total rent is $2200, which is 10% lower than the median rent here. +4. I don’t have 14 drinks when I go out. That was a random number for show. + +—————— + +Hello FIRE community. Recently I crossed the 400K milestone meaning I'm 1/3 way there. This came nearly as a shock when I reflected on my pre-FIRE self: spendy, #YOLO, and all about instant gratification. + +I often see minimalist, frugal type of OPs achieving FIRE within a very small time frame. Or, there are the OPs with IT expertise who score big bucks in the Valley. Both are truly enviable, but both **very different** from the life that I live (ok income, very high COL, desire to maintain a certain lifestyle). **Through the years, I've found that for people like myself, it's important to understand my few CORE NEEDS/WANTS, find creative ways to fit them in my budget, and cheap out 100% on the rest.** To me, it's all about meticulously dollar-cost averaging and being flexible in a sustainable way. + +I want to give back to this community by sharing my experience on how I changed that pattern and caught up - that with a bit of lifestyle adjustment and a decent amount of determination, good habits along with wealth can be accumulated at a decent rate, given permissible market conditions. + +30F; graduated in 2012; no kids; very HCOL. + +Numbers: + +||Income (USD after tax)|NW (USD) | +|:-|:-|:-| +|2012|70k|10k| +|2013|72k|35k| +|2014|74k|76k| +|2015|79k|120k| +|2016|79k|185k| +|2017|81k|250k| +|2018|95k|296k| +|2019|100k|386k| +|2020|111k|402k| + +My NW consists of my brokerage account balances of $185k (ETFs, mutual funds, single stocks for fun; diversified into global markets with a pre-set allocation), retirement accounts of $100k (global ETFs), cash and FX of $17k, and half a property valued at $100k. + +Largest expenses: $1100 rent; $600 food; $400 to parents; $400 on unrequited passions which are now expensive hobbies + +Things that helped me get ahead: + +1. Upbringing in a frugal household. Parents' combined incomes never even came close to mine, but they've always lived below their means which allowed them to save continuously. Absolutely no debt; even the home was bought with cash in full. The upbringing definitely made being frugal a lot more natural to me when I put my mind to it. +2. Merit based scholarships for college which covered tuition. Disliking debt, parents took out retirement savings to help with room and board. I took part time jobs, but spent my summers working meaningful internships which didn't necessarily pay. 0 NW at graduation. +3. Majored in things that were most conducive to employment and kissed my passions goodbye. Hustled self into a decent paying banking job before graduation. Immediate cash flow after graduation. + +Things that worked against me: + +1. Embraced my life as an income earning young adult way too hard. I blew money on stupid nice things because "i am finally standing on my own two feet". +2. Too confident that I'd continue to climb the corporate ladder infinitely. Which directly resulted inn overspending and underinvesting in the early half of my career, missing out on an extended period of the bull run. + + +Lessons: + +In 7 years I went from stupid spendy to aggressively saving. The most important thing that happened was probably a shifted view on spending which dialed down my expenses in a **sustainable way. Here are few things that really helped me:** + +1. **Intentionally be looking for deals:** supermarket sales after 8pm; buy 2 get 1 free tissue boxes; collect and use coupons; shop around before committing to a big purchase, etc. Buy second hand. Fix/do things around the house by myself. Instead of buying new mops I cut old t-shirts and towels to mop the floor with. It may seem small but it does add up. **This is the part where I live significantly below my means.** +2. **Cook simple meals at home** whenever possible. Cooking itself can be relaxing, the food is healthier, and the savings are hard to beat. +3. **Be selective and mindful when eating out**. I pre-game at home when I can, so that when I'm out at clubs I only need to order 4 drinks instead of 14. Take doggie bags home from restaurants. Also this might sound weird, but sometimes I intentionally order dishes such as stews when eating out so that I pack the broth and can toss together a quick meal at home the day after to **dollar-cost average** the meals. +4. **Travel wisely**. I use my mileage and loyalty points, fly red eye when I can handle it, travel off-season to save cost. And I always haggle. +5. Go out and get the stuff I truly want. Rinse. Repeat. + +What are your FIRE hacks? +> Despite the coronavirus scare, private payrolls rose by 183,000 in February, well ahead of Wall Street estimates for 155,000. + +> Growth was concentrated in big businesses, which added 133,000. + +> January’s number was revised down sharply, from an initially reported 291,000 to 209,000. + +https://www.cnbc.com/2020/03/04/adp-moodys-private-payrolls-february-2020.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +Hi, + +Not sure if this is better for legal advice or here but I thought i'd try here first. + +Yesterday I received an email from the fraud team at my bank ( real email not phishing or anything ) stating that my account(s) have been frozen as they would like to question some activity on my account. + +They are asking for proof of eligibility for a payment (£650) into my account a number of weeks ago. The item was for a private sale of a laptop which was advertised on facebook marketplace. + +I have spoken to the bank at length several times and they are declining my evidence of proof of eligibility and telling my my account(s) will be closed in 7 days If I do not prove i am eligible for this payment. + +I have provided them + * The facebook marketplace advert + * The conversations between myself and the buyer + * CCTV footage of my house/driveway showing the person arriving to collect the laptop. + * Ring doorbell footage showing their face clearly when they arrive at my property + * CCTV footage of the person then leaving my property with the laptop. + +I ensured that the person who paid me showed me their ID and validated the name on their ID was the same as the name on the bank account payment I received. + +The bank have rejected this evidence and are saying they would like a bank statement from the account that sent me the funds which feels to me utterly ridiculous. + +I'm at a loss of what to do now, I have raised a complaint with TSB but they will aim to respond within 10 days which is 3 days after my accounts will be closed. + +I'm a working professional who receives my salary into this account monthly and bills come out of this now frozen account. There is also a large amount of cash (40k+) that has been built up over time in TSB savings accounts which are also frozen. + +I believe the buyer is having buyers remorse and are claiming this payment was fraudulent as they have since blocked me on facebook marketplace/facebook messenger and I am unable to contact them. + +Any advice that can be provided would be very helpful and appreciated. + +Thanks! +I started investing in January 2021 and am unfortunately bagholding a ton of junk stocks. I know they’re losses at this point, it’s just a question of how much. + +Is now the “worst” time to sell, or should I wait until the overall market recovers? + +Snapchat, Disney, Palantir, ARKK, etc + +EDIT: Thank you all for the extremely insightful answers … I will take a good hard look at my portfolio in the upcoming weeks. +Currently my wife and I each put a defined amount of money in a joint account each month, and then use that money to pay our Morgage, bills, food, etc... We then each retain a personal account we use to buy personal stuff (clothes, gifts, car payments, etc) but I also know a lot of people who don’t even have their own account... everything is joint with their husband/wife.... Curious what systems other people use +At the current low low low 8 billion valuation the market is saying that: + +- Gamestops 1,4 billion dollar cash reserve is responsible for 17,5% of their marketcap 🤡🤡 +- Gamestops cash reserve and inventory is responsible for 35% of their total marketcap 🤡🤡 +- Gamestop is only worth 1,6 times their yearly revenue. 🤡 +- Gamestop is worth 0,47% of Amazon including the NFT marketplace, new e-commerce expansion efforts 🤡 +- Gamestop is worth 17% of Roblox including the NFT marketplace, new e-commerce expansion efforts 🤡🤡 +- Gamestop is worth 42% of Chewy despite GME adressing a much larger market 🤡🤡🤡 +- Gamestop is worth 13% of Snapchat 😂🤡🤡🤡 +- Gamestop is worth 60% of Opensea NFT marketplace despite Gamestop becoming an NFT marketplace WITH AN ENTIRE E-COMMERCE AND INTERNATIONAL RETAIL BUSINESS ON TOP 🤡🤡🤡🤡🤡🤡🤡 + +If you're bullish on GME you shouldnt care about pricedrops. They allow you to buy something undervalued cheaper. The more the market undervalues something the better the profits you can make. You should love it honestly. + +# On top of that the more and the faster we DRS! + +I think Gamestop is very undervalued, so Im buying. A LOT and Im DRSing it all 🚀💃 + +# Learn to love the dip +I am in my mid 40s and i am really having a hard time getting motivated to work. +Some background: I have been working in various big corporations for last 25 years. Married with two kids in high school and middle school. have about $6M saved up with around $120K/yr spending before housing cost. + +In the past, after a couple of years on the same job/position, I would get bored (e.g. in a rut kinda of feeling) and when I changed my job, I was rejuvenated. I always enjoyed my jobs and intellectual challenges that came with it. +Lately, with a mix of Being FIRE ready and not wanting to put up with all the company politics (which exist at any/most companies), I am really having a hard time getting motivated. My wife sees it as well and we all agree that changing job/company won't really fix this. + +Net net, have you had similar issues in your life as you reach FIRE? what did you? or what helped you get this behind you? + +EDIT: I'm still working....... +I'm on track to over-save for FatFIRE by the time I retire in 16 years (when my government pension kicks in), yet I can't seem to stop spending all available money on investments. I could coast at this point, with minimal investments, and still over shoot my FIRE goals. + +I feel dumb as hell even asking this but, how did you transition to minimal savings and enjoying the excess? +Hey, + +I'm like a lot of people in this subreddit. Single male, HCOL (no, not Bay Area), late 20s, tech, 330-370k per year. I do all the standard good stuff: max out 401k, HSA, Roth IRA. About 50-60% of my after-tax income goes straight into savings. My NW is around 300k. I'm really not trying to brag. I don't talk to anyone about money. In fact, this is the only sub I can talk about these first-world problems with and not feel weird about it. + +Anyway, I read around these subs, and I get the impression that most people here don't splurge on cars. Most people on fatFIRE have solid, dependable 20-50k cars (from a car post a couple of months ago). Let alone /r/personalfinance, where owning anything that isn't a $3000 used 1990 Honda Civic is considered a bannable offense and a grave crime against humanity. + +The problem is that I love cars. I watch car review videos for fun. I usually buy a new (used) car every 6 months to a year. However, I recently bought a new \~100k electric vehicle from a certain well-known electric car manufacturer. That's the most expensive thing I've ever bought. I feel stupid buying it when that number can easily be a half a downpayment on an apartment here. It really feels weird driving such an expensive hunk of metal. Especially when I have to drive acquaintances and they first see the car. Other than that car, you wouldn't be able to tell that I'm not just a regular middle-class person, since I don't spend on much other than travel. + +It's not that I can't afford the monthly payment, which is about 1k on a 72 month 0.9% 70k loan. I barely even notice it in the big scheme of things. I just feel... stupid? Like I don't own a home and yet I bought an extremely expensive car. Personal finance blogs hammer the point about the opportunity cost of money, and how 100k now is 1 million in retirement. I'm conflicted. I've been considering selling the car, eating the \~20k depreciation loss, taking back the equity I put into it, and buying more index funds. + +​ + +I guess I'm looking for guidance from people that have dealt with this or a similarly expensive hobby. + +Should I sell the car ASAP? + +Should I just stop worrying about it? + +If I do sell the car, how do I scratch that itch without feeling like an idiot? How can I perhaps divert that itch into something more productive? +I’ve been seeing a lot of posts about some tweets that EVERYONE here knows are garbage. EVERYONE knows they’re “legally” correct. + +And they’re sliding the forum. + +I personally, believe that these were planted to pull from the perjury and slide away from the push for DRS. I believe in the job posts for pushing content. I think it is NO COINCIDENCE that those job posts were dated JUST as these TWEETS show up. + +This post is meta. This post will be downvoted. + +EDIT for Obligatory: Buy, DRS, HODL, and Hedgies are [redacted] 🚀🌕🧑‍🚀🔫🧑‍🚀🔫🦍 +Hey everyone, it's my first post on this sub so I hope this will be beneficial to everyone. + +When on a tight budget or just trying to save money in general, dieting is actually an incredible way to save money. If you are unhappy with a few extra pounds of fat you may have on your body, diets double as a way to become more healthy and save a solid amount money. + +A few years ago I was 30-40 lbs over weight and I was focusing on losing all that extra weight. Throughout studying effective weight loss techniques, I found about 80% of progress relied upon eating less food. I literally cut my Calorie intake in half, and effectively this cut out nearly half of my expenses at the grocery store. + +Every extra dollar I would have spent at the store when I was buying much more food, has gone into a savings account and has given me a nice security fund. + +Lastly, maybe even a more significant money saver, health care costs. If you are unhealthy, you are more likely to have heftier medical bills than a healthy person down the road. So going on a diet is a great way to invest in yourself! + + +I've been trading a strategy that I'd love to get feedback on. It has been very successful over the last 4 months but I'm afraid I may be missing something because it seems too easy so far which means it's very likely I'm doing something that is overly risky or misunderstood. I get that this is a great market but I'm trying to get honest feedback as to whether this is a dangerous or simplistic strategy in "normal" markets. What I'm doing: +Selling puts typically at only 1 or 2 week DTE at a delta of between 8 and 15 with an IV between 40 and 100. I only sell at a probability of profit +80% and a minimum of 20% annualized return- with the short duration it can be much higher. I also try to find good support levels to set my strike under and select stocks in a strong uptrend. My win rate has been over 95% as far as having to roll. +For example today I sold a NVDA $380 put for this Friday for $1.00 at a -12 delta and a POP of 89%. So it seems like a solid likelihood I can make it three days without it dropping ITM. +What's wrong with this deep OOTM and very short DTE strategy? I understand many people go 20-45 days at a higher delta which just seems to a noob like me that it's a long time for something to go wrong but I might be thinking of that the wrong way. Experienced traders I respect seem to focus on 30-45 days DTE at a higher delta like 30- has that strategy been shown to have a higher expectancy? Is the use of such a short DTE overly risky? + + +Thanks in advance for any guidance, +There are many ways to profit from a stock falling if you believe in a bear thesis. You could simply short the stocks, paying interest and maybe buying OTM call options to hedge, you could just buy put options, you could sell some call spreads ... but which is the most efficient one in terms of expected payoffs? what factors should one consider when deciding what strategy to pick? +Sold a weekly CC on TSLA this past Wednesday and received a $350 credit. I read somewhere that some person here got himself in a pickle and wasn't able to ride the wave by buying his contract back. I am doing just that and bought it back at....$3500. Sad, yes. However, I am up bigly on my stocks so I will take this as a learning lesson and restrategize. +Hello everyone, currently studying and backtesting doing weekly Short Strangles on TSLA. Testing has given very good numbers. However, there was an occurrence in the week of Nov 7th, where TSLA dropped \~15% in 3 trading days. Obviously, the puts' losses completely demolished the calls' gains by the second trading day, specially because gains are capped and losses are practically infinite. + +I've ran through the week a couple of times testing multiple ways of entry and managing the position but every way I can think of ends up losing significant money (relative to the max profit by the 2nd and 3rd day). + +As a side note, it rebounded in the 4th and 5th trading day but I don't want to take that into account to not bias position management. + +Any ideas? + +Edit: For reference, the short strangles are really wide, both sides being usually 11% away from the current price at open. Statistically, I'm at an advantage but there are def occasions where 11%+ moves happen in 5 trading days, those are not that much of an issue because I usually see that coming and manage accordingly but the week of Nov 7th was very brutal and sudden and I'm looking for a way to mitigate pain in those scenarios. + +Alternatively, I'm thinking that that situation might just be part of the game in the big picture as it'd make sense when viewed as a statistical occurrence throughout the year. But wanted to see if I'm missing something. +First time posting - 36M current NW $50k soon to be around $2.5M + +Context: We are going through the final stages of diligence selling my business and I have so many questions. Any help would be greatly appreciated! + +* Transfer of funds: I currently just have a PNC bank account and a Fidelity investment account. Where should I have them wire the funds? Should I open another account with a large institution? Any worries about FDIC limits? +* Investment Strategy: I have a pretty good idea what I am doing with the capital, but thoughts on cost dollar averaging into the assets/securities I plan on investing in? +* Tax Strategy: Unfortunately our business is not QSBS eligible. Any ideas or resources you suggest to limit my tax liability. Thoughts on paying the tax bill on margin loan ETF investments? The business has a realistic earn-out potential for me in 2022 (around $500k including holdback) which I know is not guaranteed, but is also a factor and would conceivably limit some risk with the margin loan. +* Social Aspect: How do I handle telling my family/friends. Most know that I own a relatively valuable business, but I have invested everything over the past 6 years into it and live a very modest life. I don't think that will change dramatically, but I do plan on living a little bit now that I have hit my next step on the path to FatFire ($10M goal by 45y/o btw) +* Big Purchase: Not talking about a Lambo or anything crazy, but maybe a Submariner or something to commemorate the event. I saw someone on a thread talking about this and thought it was a cool idea. Also thinking of maybe just a great vacation - rent a sick house somewhere and invite family/friends. + +Thanks in advance! This thread is super inspiring and I am looking forward to joining a lot of you in the FatFire lifestyle in a few years myself. Any other advice on topics not listed above would be greatly appreciated! +https://www.cbsnews.com/news/corporate-tax-large-companies-foreign-us/ + +We've known how profitable index funds like SPY and VOO are compared to other investments. The Tax Cuts and Jobs Act passed in 2017 contributed greatly to this, and it's no doubt many of these big companies swiftly recovered from the coronavirus recession. Yellen has been working towards a minimum corporate income tax to put pressure on tax havens and accounting practices that allows companies to keep more capital. Wondering how this would play out in terms of broad market growth. +Hey everyone, I'd really appreciate your help here. Although I've spent the past few weeks reading up on real estate investing, I'm obvioulsy still very new at this and am not 100% sure how to do the math since nothing I've read talks about inherited property. + +Here's the situation. My mother passed away recently and my sibling and I will be inheriting her home along with some cash. I'm pretty sure I want to use this inheritance to jump into the world of real estate investing. But I'm trying to determine if it is worth buying out my sibling and renting this property out vs. just selling it and finding a different investment opportunity. + +Here are the numbers. The home is valued around $136,000. That means I'd have to spend 68,000 to purchase it outright. And I'm assuming I'll have to spend about $3,000 updating it before I rent it. My mother has a $415/mo mortgage (6.5% interest) with 32,000 in unpaid principal and a maturity date of 12/2037. Of course this can always be refinanced. + +Monthly income should be $855. Monthly expenses are $270. + +If anyone can look into this for me or at least steer me in the right direction to help me find answers I'd really appreciate it. + +EDIT: I wasn't sure what kind of a response I'd get and I've been pleasantly surprised. Y'all have been incredibly helpful so far. Thanks so much. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen soon as they evaluate the impact policy is having on the economy, meeting minutes released Wednesday indicated. + +Reflecting statements that multiple officials have made over the past several weeks, the meeting summary pointed to small rate hikes are coming. Markets widely expect the rate-setting Federal Open Market Committee to step down to a 0.5 percentage point increase in December, following four straight 0.75 percentage point hikes. + +Though hinting that smaller moves were ahead, officials said they still see little signs of inflation abating. However, some committee members expressed concern about risks to the financial system should the Fed continue to press forward at the same aggressive pace. + +“A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate,” the minutes stated. “The uncertain lags and magnitudes associated with the effects of monetary policy actions on economic activity and inflation were among the reasons cited regarding why such an assessment was important.“ + +The minutes noted that the smaller hikes would give policymakers a chance to evaluate the impact of the succession of rate hikes. + +The summary noted that a few members indicated that “slowing the pace of increase could reduce the risk of instability in the financial system.” Others said they’d like to wait to ease up on the pace. Officials said they see the balance of risks on the economy now skewed to the downside. + +Markets had been looking for clues about not only what the next rate hike might look like but also for how far policymakers think they’ll have to go next year to make satisfactory progress against inflation. + +Officials at the meeting said it was just as important for the public to focus more on how far the Fed will go with rates “and the evolution of the policy stance thereafter, had become more important considerations for achieving the Committee’s goals than the pace of further increases in the target range.“ + +In recent days, officials have spoken largely in unison about the need to keep up the inflation fight, while also indicating they can pull back on the level of rate hikes. That means a strong likelihood of a 0.5 percentage point increase in December, but still an uncertain course after that. + +Markets expect a few more rate hikes in 2023, taking the funds rate to around 5%, and then possibly some reductions before year end. + +The post-meeting statement from the rate-setting Federal Open Market Committee added a sentence that markets interpreted as a signal that the Fed will be doing smaller increases ahead. That sentence read, “In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.“ + +Investors saw it as a nod to a reduced intensity of hikes following four straight 0.75 percentage point increases that took the Fed’s benchmark borrowing overnight borrowing rate to a range of 3.75-4%, the highest in 14 years. + +Several Fed officials have said in recent days that they anticipate a likely half-point move in December. + +“They’re getting to a point where they don’t have to move so quickly. That’s helpful since they don’t know exactly how much tightening they’re going to have to do,” said Bill English, a former Fed official now with the Yale School of Management. “They emphasize policy works with lags, so it’s helpful to be able to go a little bit more slowly.“ + +Inflation data lately has been showing some encouraging signs while remaining well above the central bank’s 2% official target. + +The consumer price index in October was up 7.7% from a year ago, the lowest reading since January. However, a measure the Fed follows more closely, the personal consumption expenditures price index excluding food and energy, showed a 5.1% annual rise in September, up 0.2 percentage points from August and the highest reading since March. + +Those reports came out after the November Fed meeting. Several officials said they viewed the reports positively but will need to see more before they consider easing up on policy tightening. + +The Fed has been the target lately of some criticism that it could be tightening too much. The worry is that policymakers are too focused on backward-looking data and missing signs that inflation is ebbing and growth is slowing. + +However, English expects the Fed officials to keep their collective foot on the break until there are clearer signals that prices are falling. He added that the Fed is willing to risk a slowing economy as it pursues its goal. + +“They have risks in both directions if doing too little and doing too much. They’ve been fairly clear that they view the risks of inflation getting out of the box and the need to do a really big tightening as the biggest risk,” he said “It’s a hard time to be Jay Powell.” + +&#x200B; + +Source: [https://www.cnbc.com/2022/11/23/fed-minutes-november-2022.html](https://www.cnbc.com/2022/11/23/fed-minutes-november-2022.html) +My fixed rate is currently 1.95% ending in Dec 2024. I'm currently "paying" 4.5% (moving from the offset that receives my pay to the offset that makes the minimum repayment) each fortnight to prepare for when the fixed rate ends. +I am thinking of adjusting up my sensitised rate with each RBA announcement. Do you think I'm doing enough? Should I do more? + +Same question for variable holders too, how much are you paying as a buffer? +My wife and I spoke with a financial advisor recently. We have a decent household income but feel like we’re not making the most of it, and money always seems tight. He came back with a quote of $7000 to prepare a plan, $2k to implement it, and then $5700 each year to update it. + +I was shocked at the costs - am I being unrealistic or are those prices kind of crazy? +Disclaimer:Am not an analyst - just chasing trends! Find your source + +So COVID started becoming a thing roughly in March 2020. From then to now , people became involved and paid crazy amounts of money on : +- PETS - boomed for about 3 months then levelled up +- then they decided to started traveling to avoid public transport so they bought CARS. The hype went on for 3-5 months then levelled up. You had to order a car and wait 1-3,4 months +- then we went to BOATS because- hey, the weather is amazing let’s go fishing. This lasted 3-5 months then levelled up +- you would think that’s it , nope! How about we actually buy CARAVANS, let’s travel outback, go camping - after all borders are open! +Wait for it .... 3-5 months and now slowing down (roughly Sept 2020 - Feb 2021, and levelling up). +- now how about jobkeeper coming to an end - let’s get a stable life - we need a HOUSE! +Yeah .. here is where we are ... + +This housing craziness started in January, we are in March ( 3 months in and slowing down...). +My point! The media is now being used as a form of advertisement- people are buying and offering crazy amounts of money (this is true) but I work at a financial institution, the demand for loans has dropped significantly. This explains nothing - but it’s gonna slow down like the above) +I know what you saying - yeah but the demand is over the supply - TRUE!! + +Guess what!!! There was a shortage for PETS, CARS, BOATS, CARAVANS, and now houses ... +If you still can’t follow then I can’t help you! +Switch off your TV, and hang in there ! + +You can now buy a pet( no wait times), car yards are full , boats and caravans too. And they had all these on the news about how crazy it’s going and how it will drag on till next year ! Urmmmm - it didn’t ! + +How do I know all these? I stop believing in everything the media told me to. If you ask me, some news are paid for , means if you keep watching them, they will scare you about the craziness leaving you to panic and get into debt to get a house ! +I want to say more but let’s hear from you ! +You can rant about RBA, income, interest rates etc those are all artificial factors stimulating the market right now amongst others , I on the other hand use my eyes, brains and think for myself ! + +You welcome !! + + +PS: Also, keep it polite! This may be a disappointment to you but no need to come on with an attitude! + + +Let’s me correct this : I am basing this on Brisbane! Share your thoughts and state your state +Curious to know what luxury hotel brands you guys have stayed in and prefer? Both in the USA and international. + +Bonus: if there are folks with kids who can also chime and share their experience. +I'm currently a freshman in college and I have this year and next year paid for by scholarships. I also have about $3000-$5000 in my savings/checking account. I was wondering the best way to invest that money while being fairly safe. I was originally looking at the app acorns as small term but I heard that it was not that great. What is the best way to invest my money? Vanguard or something else like that? Thank you +Recently, I've developed a strong craving for any and all information about the US economy and economics in general that I can find. I'm sure it's no doubt due to the fact that I'm a recent college grad with a good GPA and unable to land a decent job anywhere. That, along with the facts that, though hirings are down, Q2 profits were up, and yet many predict a second crash of Western economies in the coming months, and economics suddenly has become a fascinating subject to me. + +But I'm also aware that a lot of people claim to be experts who are often wrong about their predictions, or spreading false information to bolster their point. + +So, **TL;DR:** where do you typically go on the Internet outside of reddit for news or interesting opinions about the state of global economies? + +Thanks in advance. +i work for a company who ipo which stock prices dropped by 30%, and will have $400,000 in capital loss. i have about $100,000 in unrealized capital gains in index funds, what is a good strategy? is it just to claim the $3000 every year? + +&#x200B; + +edit: i had RSUs that vested (to event) and released to IPO, because of 6 months lockup, i could not sell. by the time i sold, it went down $400,000, most of the taxes were withheld so I do not owe money, but I do have a capital loss on the record +Regular lurker here but this is a throwaway account for privacy reasons. Also, English is not my first language. + +Between mid-2012 and early 2013, I was lucky and forward-thinking enough to have bought around 200 BTC. Fast forward today, my investment of less than $6,000 is now worth around 1,8 million dollars (on paper and before taxes, considering both BTC & BCH). + +Nobody knows this, including my wife, and I'm thinking about telling her. It's an insane amount for sure, but perhaps still not life-changing or enough to live off interest: we are in our mid-thirties and we don't own a house yet (we rent and we are planning to buy one for around $300k-$350k), married since 3 years, one kid. We both work, I'm self-employed in marketing ($30k-$50k/year, highly variable) and she is an employee ($25k/year, stable). Ironically and due to poor money management, we don't have much savings in fiat and we live paycheck to paycheck. + +My main concerns are: + +* job: while I love my job, she does not enjoy hers. After knowing, she might want to quit her job. Possible outcome: BTC crashes to $1,000 or less and we end up in a worse situation; + +* divorce: our relationship is great and everything, but let's be pragmatic here, could she obtain those assets in case of divorce? + +* selling: she's not tech savvy at all and perhaps she would be more willing to sell some to buy the house in cash, but I think it would be better to have a mortgage anyway and see how it goes. + +I'd love to hear your thoughts and suggestions, mainly from people who went through similar situations, how your partner reacted and how it went, because while this is absolutely awesome, I'm very aware that if not properly planned, it can lead to issues. +**Preamble:** Every year Fortune publishes the top 100 companies to work for in the world. The results are based on an anonymous survey conducted on over half a million employees. + +I wanted to check whether companies where people are the happiest to work produced better returns for their shareholders when compared to the market. My hypothesis is based on two assumptions + +a. An employee would create his/her best possible output when they truly love the place they work + +b. Companies with excellent culture would create a feedback loop to attract top talent by word of mouth and referrals. + +I feel that both of these factors would contribute to the company innovating over their competitors and creating outsized investor returns. + +**Data:** There are a lot of players that create the best companies to work for list. I chose Fortune as they are the most established company and have been doing this over the past 20 years. Their survey sample size is also very high (more than 5,00,000 anonymous responders), which would give us a fair representation and minimize the chances of false positives. + +For this analysis, I took companies present in the best places to work for list in the last 10 years (2012-2021). But, not all the companies on the list are public and listed. So, the current analysis will only focus on the companies whose shares are listed. + +All the data used in the analysis is shared in a Google sheet at the end. + +**Analysis Methodology:** Every year Fortune publishes its result on the 2nd week of February. I have considered two different ways to invest in the best companies to work + +a. You invest in the company as soon as the list comes out and hold for 1 year and then sell and repeat this every year + +b. You invest in the company and hold (This is based on the assumption that company culture does not change year over year and once the company makes it into a list, it’s a good long-term investment) + +Returns from the above strategies are then compared to the S&P 500 returns \[1\] over the same period. + +**Results** + +https://preview.redd.it/5krr494ep6b71.png?width=1032&format=png&auto=webp&s=e79b47975082c92c61f09cf169df626486b03ea9 + +The companies in the best places to work consistently beat S&P500 in stock returns. There is a noticeable difference in return as you move up the list with the best place to work (Rank-1) beating the market comfortably by 9.5% every year! \[2\]. + +[ ](https://preview.redd.it/zqbo7nkfp6b71.png?width=1035&format=png&auto=webp&s=b8f5d1c7ed8783fd74c24a04541281bf6cdd9238) + +The difference in returns becomes more noticeable if you buy and hold the company for the long term. Here we can see a steady increase in returns as you move up the ranking ladder with the top company returning a whopping 131.5% more than the index over the last 10 years. This also validates our assumption that companies having great cultures create superior investor returns over the long term. + +Now that it’s out of the way, we can dive deeper into the data and find out which stocks made the best returns and how your returns would have faired over the years. + +[ ](https://preview.redd.it/faluhbvgp6b71.png?width=1034&format=png&auto=webp&s=91b5ca46ebefe2b5e0fa5e438acf1e31fea51f35) + +The best long-term return among the top companies to work for was generated by Adobe! The stock has returned 1762% over the last 10 years. As expected, tech companies have generated the most amount of returns with Microsoft, Google, and Adobe all present multiple times. + +For our final analysis, we can check if the returns were consistent throughout the years or was it just a few years that are contributing to the overall positive results. + +[ ](https://preview.redd.it/gpce6e1ip6b71.png?width=1045&format=png&auto=webp&s=6b3e2139de6f53334bad5770447c5c70474801c3) + +I think this graph shows one of the most important takeaways from this analysis. As we can see best companies to work for have beaten SPY by a considerable margin in 8 out of the 10 years (80%) of our analysis timeframe. Even in the years that our strategy did not beat the market, the difference between the returns was negligible. + +**Conclusion** + +No matter how you slice it, the above analysis shows that companies that are exceptional places to work create exceptional returns to their shareholders. + +I think this ties in nicely with our initial hypothesis that companies having great culture will have happy employees that create the best possible results and also would attract top talent. Both of these in turn would lead to market-beating shareholder returns. + +Now you know what to do when the next year's results come out! + +Google Sheet containing the data and my analysis: [here](https://docs.google.com/spreadsheets/d/1NF48A0p6L4V_79XkJVdOCT_jAdP1vKlC3ix5e44xXXM/edit?usp=sharing) + +**Footnotes** + +\[1\] I have considered the benchmark as S&P500 as the Best Companies to Work for list contains companies across industries and I think that S&P500 is a fairer representation of the overall list. + +\[2\] 6 out of the last 10 years, the top company to work for was Google. + +*As always, please note that I am not a financial advisor.* Hope you enjoyed this week’s analysis. + +If you found this insightful, please share it with your friends :) + +[WhatsApp](https://www.addtoany.com/add_to/whatsapp?linkurl=https%3A%2F%2Fmarketsentiment.substack.com%2Fp%2Ftop-companies-to-work-for-stock-returns&linkname=) | [Facebook](https://www.addtoany.com/add_to/facebook?linkurl=https%3A%2F%2Fmarketsentiment.substack.com%2Fp%2Ftop-companies-to-work-for-stock-returns&linkname=) | [Twitter ](https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fmarketsentiment.substack.com%2Fp%2Ftop-companies-to-work-for-stock-returns&linkname=)| [Reddit](https://www.addtoany.com/add_to/reddit?linkurl=https%3A%2F%2Fmarketsentiment.substack.com%2Fp%2Ftop-companies-to-work-for-stock-returns&linkname=) +User u/Ordinary_investor just asked me "What is your personal Moon target? ". + +I happen to have spent some time thinking about this recently, so here's a post about my reasoning. + +\_\_\_\_\_\_\_\_ + +&#x200B; + +First thing I realized is that it's quite important to think about this stuff now, while I'm still lucid and not blinded by monstrous profits and greed. + +Secondly, I see it more as a "profit taking strategy" instead one single figure at which I'd sell everything. + +Thirdly, I believe that sky's the limit and we most likely haven't seen the real crypto bubble yet. Yep. + +Finally, **my aim is to improve my quality of life, not to play casino**. + +\_\_\_\_\_\_\_\_ + +&#x200B; + +Here's the real problem: + +*Let's assume Eth starts mooning and* ***my ether balance becomes*** ***equal the rest of my entire net worth*** *(cash + material + other investments). At this point, let's say I foresee a* ***80% probability*** *of ether still significantly increasing in value. Should I keep the investment running?* + +*How about it becomes 3 times my entire net worth, with an estimated 60% probability? Does it make sense to keep it entirely? Becomes harder to answer.* + +**The real question is "how do I secure a future without neither regrets nor missed opportunities"** + +\_\_\_\_\_\_\_\_ + +&#x200B; + +As you've guessed, finding the right balance between "*total net worth outside of crypto*" and "*crypto*" is the key. + +Even though it doesn't maximize profits in the case of a full moon, I think the best way to do this is to **start selling progressively when "*****crypto*****" goes above "*****total net worth outside of crypto*****"**, so that the two remain equivalent. + +If I don't do that, I'll have severe, probably life long regrets if the price falls for some reason. + +&#x200B; + +I just calculated, that would put the price at around $800 for me. + + I think it's still crazy low, and will be really hard to start selling at that price, but doing something like this allows to have all cases covered: + +If the price falls, I'd have manageable regrets. + +If the price stagnates, the investment is still here and I can take profits whenever life forces me to. + +If the price keeps on increasing, it means more net worth, more money for fun, more $ in crypto. +From a daily thread a couple days ago there were a few posts requesting how various insurance products work & apply to fire. I decided to give my own take on what is useful for those on the journey to FIRE or have already retired early. I'm just a lay person. I'm a software engineer & finance nerd. I recommend talking with an independent agent or a fee only certified financial planner for your specific needs if you're unsure of anything. + +Generally the best purpose of insurance is insuring huge risks that would have a very detrimental impact on your own or others lives. The reason we get health insurance and pay huge premiums isn't to have a $20 copay on a $100 cash pay doctor visit, it's so in the unlikely event we have a heart attack and spend 10 days in the ICU we're not coming out with a $100k - $1 million bill. Being on the FIRE path presumably we have an emergency fund and can swing minor setbacks. + +Here is my take on insurance options for all aspects of FIRE, from those in the accumulation phase to early retirement to full retirement age. + +# Insurance Options + +# Private Long Term Disability Insurance +#### What is it? +* Insurance that pays you a monthly benefit if you're still unable to work after a waiting period of 90 days - 365 days. + +#### How does it work? +* Depending on the policy it pays out if you're unable to work in **any occupation** that fits your skills, experience and education. A much stronger policy specifies if you're unable to work in your **own occupation** at the time of disability. An own occupation definition is much stronger, such as the one from my policy: + +> Receive full disability benefits if you can’t perform the duties of your occupation, even if +you earn money working in another occupation + +* The stereotypical example is a surgeon who develops shaky hands. He or she may be able to teach still but will no longer get that juicy surgeon income and may have substantial nondischargeable student loans they have to still pay back. Under an any occupation policy the former surgeon will be screwed and won't be entitled to any payment. + +####Why do I need it? +* For most people their future potential income stream is their largest asset. If you're a 30 year old software engineer you could possibly be making $100k/year for the next 30 years, or $3 million in real dollars. You're FI/RE date may be set back or you might never be able to retire if you become permanently disabled and can no longer work. + +* Medical debt is the hugest reason for bankruptcies. Disability insurance insures you still have an income while you're getting the medical treatment you need. + +* Social security is inadequate. For most cases they require waiting a year before even filing a claim, and most cases take another year to settle. Social security pays very little too. This exceeds most emergency funds. + +* Group coverage isn't much better, generally it's only two years of own-occupation then you are under the any occupation definition. If your employer pays your group plan then the amount is taxed while individual insurance is tax free. HR representatives are incentivised to work against you to both keep premiums down and increase productivity. Most group disability plans are actually marketed to HR as ways of [getting employees to return to work sooner.](https://www.guardiananytime.com/gafd/wps/wcm/connect/6bbb6f3f-fab0-4975-9bd3-8448da816d58/disability-insurance-and-absence-management.pdf?MOD=AJPERES&CVID=maRR0bV) + +> How can employers get disabled employees back to work sooner and keep productivity +high? + +* They'll do everything to help the insurance company deny claims. I've seen it first hand happen to another software engineer that developed carpal tunnel syndrome. It's happened to me too. I dislocated my knee years ago in a sporting event. I was doing a Olympic style Fencing tournament. I was in pain and unable to walk for 3 months but the shitty short term group coverage I had & HR had determined that I could still do my software engineering job and denied coverage, so I had to go in to work anyways. + +* Group coverage is subject to ERISA which is very employer friendly for disability. Your rights are very limited there. Did you know once an appeal has started [you cannot introduce new medical information in it?](https://www.kantorlaw.net/resources/appeal-checklist-to-dos/) You have to be very careful to get your ducks in a row on an initial group claim, and you **need** an attorney if you're having to go through the appeal process. With a private plan the courts are a lot more flexible and you can introduce new evidence as much as you want. ERISA cases represent about 90% of all disability lawsuits on a per insured basis. + +####What coverage should I get? + +* **In the accumulation phase:** A private individual plan is the best protection you can get. You want it own-occupation. You want it guaranteed renewable & non-cancellable so the company must keep the contract in force and can't raise your premiums. Coverage for partial disability (residual) without having to be totally disabled first. A cost of living rider if you're below age 45 to ensure your payments keep up with inflation. To age 65/67 so you're covered under retirement. + +* Even if you're in a group plan you can still get some supplemental insurance. Also check out plans that protect your retirement contributions. They have the same premium as LTD insurance but the benefits go into a trust with investments you get access to at age 65. It's one way to get more coverage. + +* Check out retirement contributions protection insurance. It's a LTD plan with the same rates but benefit payments go into an irrevocable trust that you gain access to at age 65. Since it goes into a trust it lets you get more LTD coverage than you could otherwise get due to over insurance reasons. + +* **Early Retirement:** Carefully consider dropping the insurance. This depends on your goals and what policy you have, as at this point you're financially independent and no longer need to insure a future income stream. You may want to hang onto it though if you got the policy at a young age as the premiums may be very cheap compared to the coverage. Some policies like mine explicitly includes retirement as an occupation so you will have coverage. If you become disabled in early retirement you may still have substantial expenses related to your disability, so for peace of mind I'm planning on keeping my policy when I hit early retirement. + +* **Full Retirement Age:** Most plans will terminate then unless you're still working. At this point the coverage is so little that it's best financially to drop it unless you've messed up and need to work still to make ends meet. + +####What to avoid? + +* Short term disability insurance. It covers for 3 months or less and is just as expensive as long term. Use an emergency fund. Most companies have group coverage which is adequate. + +* Some agents love to stuff these policies with critical care insurance riders, return of premium riders, etc. These just inflate the cost of the plan and gets the agent more commission. Generally your better off investing the cost savings yourself. + +* These days a lot of policies restrict collecting benefits for more than 12 months outside of Canada/USA/possibly Mexico. If you have plans on being an expat and don't want to move back to the United States then find a good agent to shop individual coverage. + +* Opt out of group coverage if you're able to. An individual policy is miles better. Your employer can take away group coverage at any time and you'll likely lose it when your employment is terminated. There are no cobra rights for this. + +* Risky activities/habits before getting the policy like scuba diving, mountain climbing, smoking, etc. They may exclude those activities or increase your rates significantly. Once the policy is in force as long as it's guaranteed renewable they can't cancel it and then you can start those activities. Don't lie or commit insurance fraud. + +####How much does it cost? +* On average for a well written strong individual policy, not supplemental, on average the premium will be 1-3% of your annual pre-tax income. + +####More Info +* https://www.bogleheads.org/wiki/Disability_insurance + +# Term Life Insurance +####What is it? +* Insurance that pays out to the beneficiaries if the owner passes away. + +#### How does it work? +* Term life insurance specifies a dollar payout if the insured were to pass away in a certain term from the date the contract is in force, such as 10 year, 20 year, or 30 year term insurance. + +####Why do I need it? +* If you have any dependents (legally married/domestic partner, kids, etc.) and your net worth is not enough to provide for them then you will want to replace the income stream that you've provided. + +####What coverage should I get? +* **In the accumulation phase:** Get this if only if you have dependents or a life long partner. It depends on your goals/etc. If you're the sole breadwinner and your partner doesn't work then enough to make your partner financially independent. If both you and your partner works then ~10 years income is recommended as they may be out of work for a long time grieving. If you have kids then at minimum it should be enough to see all of them getting to age 18, if you're generous, college. A stay at home partner should have a policy too as they provide valuable services such babysitting, cleaning, cooking, etc., which is costly to replace, and the breadwinner may be stricken with grief and have lowered income from taking time off/etc. + +* If you're single you have **no need** for life insurance. There is no need to buy it until there is a financial need. Agents here will use scare tactics about uninsurability to sell you a policy but if you look at [underwriting guidelines](https://pinneyinsurance.com/underwriting-docs/PacLife-Underwriting-Guide.pdf) there is actually a lot of flexibility. Uninsurability is only for things like morbidly obese, heart attacks (even then, according to that underwriting you're insurable again if your heart attack has been six months or longer, or 3 months or longer after a heart bypass surgery.). So don't worry about spending money for some future uninsurability scare. + +* **Early Retirement:** You don't need it. Your portfolio should be large enough to support your family. + +* **Full Retirement Age:** You don't need it. Term will be too expensive at this point. If your heirs will have a ton of estate tax issues you may want to consult with an attorney on how to plan to minimize them, which life insurance may be one of many approaches. + +####What to avoid? +* Whole life and universal life or anything that doesn't explicitly say **term.** Whole life and the like policies pay out the benefit for life but the premiums are at least 10x more expensive. Since its a guaranteed payout the insurance company has to invest very conservatively. You're better off buying term and investing the rest. Don't mix insurance products with investment products. For life insurance an agent will get 90% of the first year premium + 10% per year of the first year premium in commissions for as long as the policy is in force. If an agent sells one whole life policy it's just like he sold 10 term policies. This is the biggest money maker for agents in the insurance industry by far. The underlying investment options for the policy are mutual funds with high expense ratios with load fees. + +* The **only** time whole/UL life insurance is appropriate is **estate planning.** For example, when you **know** your heirs are going to be paying estate taxes and you don't want them to. In that case a policy that equals the projected estate tax is appropriate to lessen the tax hit. The other appropriate estate planning use is if you have a lot of illiquid assets that are either problematic to sell quickly for estate taxes, you don't want sold at all, or you want to give to specific heirs - "Jim gets my 12,000 acres of hunting land in Colorado valued at 7 million", while making sure other heirs get an even split monetary wise - "while Jill gets a payout from the whole life policy equal to the assessed value of the Colorado land at the time of death." Talk to an **estate planning attorney** if any of these seem ideal for your case. +* Return of premium riders. These make the premium jump 3-4x. These sound good but your money is better invested elsewhere. They only pay out if you don't die or have any other claim on the policy **and** the policy expires on the expiration date without lapses/etc. If you die you've just paid 3-4x what you needed to, and if you don't die you may be keeping on a policy that's too expensive or not needed anymore. + +* Accidental death riders. These are "feel good" riders that pay 2x the death benefit if it was an accident or catastrophic death. Insure your true insurance needs. Don't try to under-insure then make it up with an accidental death rider. + +* Waiver of premium for disability/unemployment riders. This is what an emergency fund and long term disability insurance is for. For my quotes it bumps up the premium about 10-25%, and depending on the policy either pays the premium for 6 months to 1 year if you're unemployed or disabled for at least over a month. Some less worthwhile policies will just suspend the policy, which is **bad**, as there will be no life insurance payout while it is suspended. + +* Terminal illness rider. This is another "feel good" rider. It pays out between 50-80% of the policy amount, usually up to a cap of 1 million, if you're diagnosed with a terminal illness with a life expectancy of less than 12 months. To the lay person it sounds amazing to have this, but in reality there is something known as a [viatical settlement](https://en.wikipedia.org/wiki/Viatical_settlement) where if you're that sick you can sell your life insurance policy to a third party. Viatical settlements may go up to 90+% of the value of your life insurance. While it's not a bad backup policy to have, don't go for a more expensive policy just because it has a better terminal illness rider. The insurance company is making money off hoping through your ignorance you exercise the rider so they can then get the policy off the books and profit 10-40% vs the full policy being paid out. On the open market you can easily find a settlement for an illness that death is expected in two years, not one, and perhaps more than the caps the insurance company has. +* Disability income rider. This lumps a short or long term disability plan into life insurance. Avoid the rider here and get a full policy for disability. The rider here will have the most unfriendly group-like language in it such as any occupation and be just as expensive. +* Long term care insurance rider. Same issues as the above disability income rider. +* Group coverage. Over the ages it is a lot more expensive than an individual policy. It starts out really cheap before age 35-40, but over the lifetime you'll pay more than term. It's only for those who term is more expensive or are uninsurable. Plus your employer can take it away at any time and you'll likely lose it when your employment is terminated. There are no cobra rights for this. + +* Risky activities/habits before getting the policy like scuba diving, mountain climbing, smoking, etc. They may exclude those activities or increase your rates significantly. Once the policy is in force as long as it's guaranteed renewable they can't cancel it and then you can start those activities. Don't lie or commit insurance fraud. + + +####How much does it cost? +* It's cheaper than you think! For a 30 year old healthy male 20 year $1m term policies are about $480-$580/year. + +# Health Insurance + +####What is it? +Pays for part or all the cost of receiving healthcare & medications. + +#### How does it work? +* It depends on the policy and if it is a **high deductible** or traditional policy. Generally you have a **deductible** and an **out of pocket max.** Depending on your policy you have to pay cash or co-pays until you've hit your deductible for the year, then once you hit your out of pocket max you won't have to pay anymore for that year for stuff the policy covers. + +####Why do I need it? +* Medical debt is the hugest reason for bankruptcies. An emergency could cost over $100k - $1 million dollars. + +####What coverage should I get? +* **Accumulation Phase:** Carefully compare group plans with your employer with the market place and pick the best coverage for your situation and family needs. If you're young and healthy you can look into high deductible health plans that are compatible with a health savings account, allowing you to save a lot of tax deferred money and save taxes. +* **Early Retirement:** Currently with the ACA subsidies in place and careful tax planning if you're more of the /r/leanfire mindset, you can get a lot of affordable coverage from the marketplace. You can also look into getting company coverage if you are still doing some consulting on the side. +* **Full Retirement:** [It's really tricky to get private coverage once you're eligible for medicare.](https://medicare.com/about-medicare/can-i-go-without-medicare-and-get-private-health-insurance-instead/) Unfortunately this is one area I'm not too knowledgeable in. + +####What to avoid? +* Going uncovered/self insured. With the affordable care act there are penalties for doing so. +* Avoid indemnity plans. These plans don't provide the coverage you think you're getting and have a lot of outs for the insurer to not pay. Even if the insurer does pay, you typically have to pay first and submit requests for reimbursement, making it a lengthy process. +* Watch out for plans that only have coverage in one state or no international coverage. All plans should have emergency coverage but the insurance company will do their best to deny emergency claims. + +# Auto Insurance + +####What is it? +* Insures you for liability and insures your car if you should get into an accident, it gets stolen, or acts of nature damage the vehicle. + +#### How does it work? +* Auto insurance is split into multiple parts: +1. Liability - covers bodily harm you've inflicted on others. +2. Property - covers property damage you've inflected on others. +3. Collision - covers damage to your car from yourself or others. +4. Medical payments - quick source of cash for medical payments for anyone including yourself. +5. Uninsured/under-insured motorist liability - bodily harm to yourself if the other motorist has no insurance or less insurance than this amount. +6. Uninsured/under-insured motorist property - Same thing as liability but for property. Some states don't allow this, so instead you need a collision *waiver* coverage instead, where it will waive your deductible. +7. Comprehensive - This covers acts of nature/god, glass breakage, etc. It's usually pretty cheap for the coverage. + +####Why do I need it? +* Most people get too hung up on the value of their car and don't think about the liability risk. For FIRE folks the biggest risk by far is the liability risk, as auto claims can easily go up to $400k+ payouts if you hit an entire family in another vehicle. A lot more people are driving really expensive cars these days and with better safety cars are meant to crumple, making a car be totaled a lot more often than in the past. + +####What coverage should I get? +* **All phases:** My recommendations are to get the max liability you can up to your Umbrella insurance requirements (umbrella description is later on.) and max property liability. Economically getting collision if your car is currently valued about $20k or more makes sense. Once you get to about $10k of value assuming more deprecation you'll have paid more than the value of the car in premiums in the next 5-10 years, so it's better at that point to just do liability/uninsured only. + +####What to avoid? +* Other cars. Insurance rates heavily depend on your driving history, number of accidents, etc. +* Avoid riders like mechanical breakdown insurance - it covers way less than what you think, and is only an extended warranty, and won't cover anything if its still covered by +a manufacturer's warranty. +* Towing coverage isn't that good on most policies or has limits. Go with AAA if you need towing coverage. +* Shop around and get at least 4-5 quotes. Claim service matters a lot. Some insurers only use the cheapest body shops. See if you get any discounts for being a member of a professional organization or owning the company's public stock. + +# Homeowners/Renter Insurance + +####What is it? + * Insurance to cover anything related to your home - coverage for the dwelling, coverage for the contents, and liability coverage. + +#### How does it work? + * The policy is broken up into property coverage(excluded on renters), contents coverage, and liability coverage (if someone slips & falls on your property, or if you damage a rental.) + +####Why do I need it? + * You need it if it would be a severe hardship to lose your house or you have a mortgage on it. + * You need contents coverage if it would be a severe hardship to replace *everything*. + * You need liability insurance for a bigger umbrella policy, and especially as a renter as you may damage the property and have a huge liability. + +####What coverage should I get? + +* **All phases:** + 1. For homeowners - make sure the property coverage is enough to fully replace your home with new construction. There are [severe underinsurance penalties](http://baroninsurancegroup.com/the-home-insurance-penalty-you-dont-know-about/) if you don't have enough coverage, punishing you more. + 2. For renters - Enough liability to get Umbrella insurance coverage. You're renting the property and don't want to be on the hook for any severe damage you cause. +3. For everyone - Add up how much it would cost to replace your property with brand new items if everything was lost. I was surprised to find out my tiny 2 bedroom apartment the replacement value of my contents is $55,000. If I lost it all I'd be really harmed financially. +4. You can drop all of this insurance if you fully own your home, expect no liabilities, and your portfolio can afford the hit to buy a complete new home/contents at 4% SWR. If that's not the case then you need this coverage. +5. Get sewer/sump backup coverage. It's cheap and without it the insurance company will deny a claim if sewage gets backed up into the home. +6. Look into flood & earthquake insurance. Unfortunately, I don't know as much about these policies and I'm not in a place to offer advice here. + +####What to avoid? +* Actual cash value policies. You always want to get **replacement cost** coverage. If you have an actual cash value policy the insurance adjuster will try to ascertain the market value & condition of the item or property. With replacement cost they have to get you the same item or cut a check for the cost it would take for you to replace the item. Under an actual cash value policy they are free to replace with "like kind" items. A top of the line 60'' OLED LCD TV could be replaced with a 60'' bottom of the line LCD TV. Under replacement cost coverage you could get your specific model back or a better item. Replacement cost coverage saves a lot of back and forth with adjusters too, giving you time savings. +* Be careful of policies that have limited coverage such as only $2,000 for jewelry/firearms/etc. You may need an additional rider for those, or get scheduled coverage, or go for specialized coverage from a third party that handles your particular possession. + +# Umbrella Insurance + +####What is it? + * Umbrella insurance is an extended liability insurance that kicks in once you exceed your liability limits on your auto or homeowners/renters policy. Coverage starts at $1 million and is very cheap and cost effective for the coverage. I pay $160/year for $1m of coverage. + * Umbrella insurance also provides coverage should you be sued for: libel, slander, false arrest, malicious prosecution, shock/mental anguish, or other personal liability situations. + +#### How does it work? + * Umbrella insurance has requirements that you maintain $X of auto & renter liability. On my policy it's $300k liability/$100k property for auto and $100k liability for renters. They insure past those amounts, so say if you only had $200k of auto liability then you're on the hook for $100k of that until the $300k start for umbrella kicks in. So in an auto liability case I'm covered for $1.3m with a $1m umbrella policy. + +####Why do I need it? +* It provides you with protection that exceeds most auto & homeowners policies. We're insuring the extreme case here such as if you hit someone's Ferrari, or have some huge liability lawsuit. It's nice to have a lawyer fighting for you in these cases. + +####What coverage should I get? +* If you have a income of more than $50k per year or significant non-retirement assets then you should strongly consider a policy. Your wages could be garnished. You could lose assets or be forced into bankruptcy. +* Buy a $1m base policy as it should cover all realistic scenarios you could get yourself into. $2m or higher only if you have retirement assets of that amount or up to 10x your annual pre-tax income. (so a $2m policy for someone making $200k income.) + +####What to avoid? +* Nothing. I haven't seen any riders for this product. The product is pretty specific and I've not encountered any up-selling on this policy. + +# Long Term Care Insurance + +####What is it? +* Provides coverage if you're in a nursing home or hospital for a long term by paying your nursing home up to the dollar amount specified. + +#### How does it work? +* Like disability insurance there is a waiting period of 90 days or more. Some policies the waiting period only starts from the date you start receiving long term care, not the date of initial hospitalization. So you need to be able to at least swing the initial payments. + +####Why do I need it? +* Nursing care facilities are expensive. They can easily range from $200-$400 a day, or $100-$150k annually. You'd need a 2.5m - 4m portfolio to self-insure that spending at a 4% safe withdrawal rate otherwise if you ever recover your retirement could be seriously hampered. +* Some nicer facilities may refuse medicaid or have long waitlists for medicaid. You get much better service being a cash payer. (Note if payments eventually switch to Medicaid it'd be illegal for them to refuse coverage.) +* Medicaid & estate planning issues. + +####What coverage should I get? +* **Accumulation Phase:** You don't need to consider this at all. Most carriers even refuse to quote anyone below age 30-45 as at this age group a lot of people shopping for LTC are people likely to get Huntington's disease or some other genetic disease. Plus the LTC insurance market is in an upheaval currently and your rates may increase significantly or the carrier may go bankrupt by then. +* **Early Retirement:** Starting in your 50s to age 65 it's a good idea to look into this insurance to see if it fits your needs. +* **Full Retirement Age:** By now it should be a serious consideration in your financial planning. If you decide to get the coverage it's recommended to get at least a five year policy so you can move assets into trusts and [spend down to get medicaid](https://www.payingforseniorcare.com/medicaid/spend-down.html), avoiding the [five year look-back period.](https://www.payingforseniorcare.com/medicaid/look-back-period.html) +* Ideally try to get a policy that lasts at least five years. Insurance companies used to offer a lifetime benefit but had large issues as it turns out it was a bad bet - they were paying more than receiving in premiums. +* The policy must be guaranteed renewable. It's very doubtful you will get a non-cancellable policy as the market has gone through turbulence and have increased rates a lot. If you run across a non-cancellable policy it's a huge consideration. +* An inflation rider. Even if you're buying coverage at age 65 chances are you may not need it until age 85 or higher. At 3% inflation the dollar amount you're protecting will be half the purchasing power after 17 years. + +####What to avoid? +* Policies under five years. It will limit your flexibility in options if that time should ever come. +* Return of premium rider. This isn't life insurance and isn't competitive at all to what you could invest yourself. Why make your insurance more expensive? + +# Critical Care Insurance +####What is it? +* It is a named perils policy that pays the specified lump sum if you suffer any of the named perils. The coverage varies greatly by insurer and covers 7 - 14 named perils on average. Some common benefits are heart attack, stroke, life threatening cancer, major organ transplant, kidney failure, Alzheimers, paralysis, blindness, deafness, coronary artery by pass, etc. + +#### How does it work? +* If you're diagnosed with the named peril above based on your doctor's statement or icd codes you will get a payout. If you suffer a myocardial infarction you will get a payout for their heart attack benefit. + +####Why do I need it? +* You don't. **It is not replacement for health insurance.** It only names a few very specific illnesses. It doesn't pay out for similar or leading up to illnesses. For example, lets say you go to the ER for a "heart attack" and after diagnosis the doctor diagnoses you as having [angina.](https://www.mayoclinic.org/diseases-conditions/angina/symptoms-causes/syc-20369373) It is definitely a serious head to the emergency room situation but you won't get a payout as it wasn't specifically a "myocardial infarction." Likewise, on the policy quote I've gotten, "Heart failure" isn't covered. A heart attack is a lack of oxygen to the heart, usually due to from a blockage, while heart failure means the heart muscle itself cannot pump blood properly. + +####What coverage should I get? +* Get generalized health insurance instead of this and a good long term disability insurance plan. +* This coverage can be expensive like $500/year for $100k payouts. + +####What to avoid? +* This entire insurance product. + + +# Travel Insurance +####What is it? +* Comprehensive coverage providing health insurance coverage outside your home nation, coverage for cancelled, missed trips/flights, missing baggage, and medical transportation/evacuation. + +#### How does it work? +* It is a lot of different insurance products combined into one comprehensive policy. For most of the policies out there it is **secondary insurance.** That means if you have an insurance policy with anything else you need to make a claim first, then if the claim is denied, you then make it with your trip insurance. This mostly comes up with the health insurance side of the policy. +* Most health insurance on the trip insurance will only cover 30-60 consecutive days outside your country of residence. +* It doesn't cover pre-existing conditions from 60-180 days prior to the purchase date depending on the policy unless you purchase a waiver. They can look back in your medical record to determine if you had a pre-existing condition. +* If you cancel your trip for a specific valid reason for the contract - such as an illness that prevents you from taking the trip, you can get 100% of your trip cost back. + +####Why do I need it? +* The most important part of this insurance from a FIRE preservative is the health insurance. Many health plans, especially those on the health insurance exchange, don't provide any international coverage outside of emergency coverage. Even if it is a true emergency the claims process can be problematic for international vs working with a travel insurance company that has experience working international claims day in and day out. +* The other huge benefit is medical transportation back to a better hospital or your home, which your health insurance certainly won't pay for unless it was absolutely essential to your life. You have more leeway with travel insurance. +* The other good need for this insurance is expensive non refundable trips like cruises or scuba liveaboards. Generally the insurance costs between 1-3% of the total trip cost. +* The other features of policies are nice to have + +####What coverage should I get? +* The biggest thing in this area is reviewing claim service and making sure you have good health coverage abroad. +* After that, the features on the policy are "nice to haves." +* One "nice to have" coverage is **cancel for any reason** coverage. It lets you cancel for any reason and usually get 75% of your trip cost back. It's typically not too much more to add onto a policy. +* I'd only buy insurance for international trips or really expensive nonrefundable trips that you couldn't afford to take a second or third time in the same year if you had to cancel. +* If you're traveling 3+ times a year internationally you can look into getting annual travel insurance to take care of the health portion. It won't have much, or any, coverage for trips but it will cover the biggest risk for FIRE folks. + +####What to avoid? +* Things you don't need like accidental death. Your life insurance is good enough if you need that coverage, so don't go out of your way to load up on policies with a high accidental death benefit. +* under insurance if you plan on using any of the trip cancellation features. Most policies deny your claim if your non refundable costs are greater than what you've purchased the insurance for. +* Overlapping coverage. No reason to get rental car coverage for example if you're already covered elsewhere (credit cards, your auto insurance, etc.) +* Insurance provided through the cruise line/airline/trip provider/travel agent. Usually its very limited coverage just for that specific trip, or your refund is another trip on the carrier instead of cash, and it's marked up a ton compared to the open marketplace. + +# Scuba Insurance/insurance for your high risk activity of choice +* Scuba diving is excluded on a lot of policies like life insurance, disability insurance, etc if you're a scuba diver before getting the policy. +* If you're a diver you should get it, period. Divers Alert Network is the go to for a diver and they've been really helpful and good to the community. +* If you're vacationing then your trip insurance may be adequate. You may have to get a special sports rider depending on the policy. Trip insurance may deny if you go under 60-80-100-120 ft depending on policies. DAN insurance has no depth limit as in an accident you may have inadvertently gone beyond your limits. +* Then having the DAN card will get you in a chamber right away and first class service as there won't be any question of ability to pay. DAN also has some nice things like a small life policy and some disability coverage as well due to injuries from the sport. + +# Insurance not listed. + +####What is it? +* Phone insurance, extended warranties, GameStop's disk protection, Pet insurance, etc. + +#### How does it work? +* Pays out for certain events that are unlikely to occur. + +####Why do I need it? +* You don't. These are insuring against minor expenses or have a ton of outs for the insurance company to deny coverage. Generally things like cell phone insurance will only pay out half a phone's value, maybe replacing it with a refurbished phone, and is pretty costly, almost equal to a payment plan of getting a new phone. You're better off being careful and having an emergency fund for when things happen. + +####What coverage should I get? +* Only plans you absolutely 100% know you will make more money by having it than not. For example maybe you're in construction and your phone gets dropped/damaged more often than not. + +####What to avoid? +* Everything listed here. + +People wanted an update to my post of yesterday so here it is. + +https://preview.redd.it/792ecwcp1oj81.png?width=892&format=png&auto=webp&s=28043105181233671ec0e4e05de006dc3ff7e143 + +&#x200B; + +I see that it is very similar to the explanation they offered on Twitter. I had no higher expectations. + +&#x200B; + +Yesterday's post for reference: [https://www.reddit.com/r/Superstonk/comments/sz0z3z/i\_wrote\_to\_simply\_wallstreet\_about\_their\_gme/](https://www.reddit.com/r/Superstonk/comments/sz0z3z/i_wrote_to_simply_wallstreet_about_their_gme/) + +&#x200B; + +Credit to [u/eastbay77](https://www.reddit.com/u/eastbay77/) for their findings. + +&#x200B; + +Obligatory rockets: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +^(character limit character limit character limit character limit character limit character limit character limit character limit character limit character limit character limit character limit character limit character limit character limit character limit) +Here's the link: [https://www.forbes.com/sites/emilsayegh/2021/03/09/losing-touch-with-reality--a-gamestop-lesson](https://www.forbes.com/sites/emilsayegh/2021/03/09/losing-touch-with-reality--a-gamestop-lesson) + +In this article, the author tries to conflate put options with short selling. They claim short selling has an expiration date and that the hedge funds were forced to cover because their put options were expiring. + +That isn't how this shit works. + +I've only just started trading options, but even \*I\* know if you buy put options you're only risking the premium you pay. If the stock moons, your options just expire worthless and you're out the premium that you paid. + +How in the nine hells of journalistic malpractice did this actually get published? + +The author then says the trading activity was all bots and that social media is a threat. + +Author is the CEO of some cloud bullshit who has no clue about investing or options gambling. + +Here's the tweet they sent out: [Forbes on Twitter: "Losing Touch With Reality – A GameStop Lesson https://t.co/msQlQleVqI" / Twitter](https://twitter.com/Forbes/status/1370993131592814601) + +What utter garbage. + +&#x200B; + +Edit: Reposted with new flair since the last one got removed cause it was flaired "News". +I think it is hard to argue against, that the market in general is currently very high valued. Many measures like average PE ratio, Buffet Indicator, earnings growth etc. are indicating this. However bond yields are at record level lows and other asset prices like housing or even paintings or classic cars are also from historical perspective extremely high priced. + +If you came to the conclusion, that the prices are too high what would you do with the money instead? + +Staying in cash and lose it on the inflation? +Mining smooths out the load, starting and stopping in seconds to respond to changes. It rescues stranded power. It provides an ongoing income. It converts their electricity to BTC which is now a store of that energy, and can be sold anywhere in the world in a second. + +Jesus, I just now understood what Saylor means by his hullabaloo. But damn, he's right. + +Jesus Christ. +Wow I'm still in shock. I just need to know where to start. + +I know that I need to have 4 weeks notice if over 5 years, but theres not much more that I am across. I'm a bit of a noonce with finances. + + +Does my Long Service Leave get paid out in full or is it taxed? + + +My period of employment is only listed as full year amount rounded down, not years + month.. does this matter? As in 12 years (12.0) not 12 years 8 months for example. + + +What is the minimum amount of weeks paid out for redundancy (south aust) or is it solely based what my contract says? + + +Thanks in advance. + +UPDATE: sorry for no response on this thread. Going through comments and answering as much as I can now after busy making seek profiles, resume and LinkedIn thing. +I’ve mentioned (moaned) about this before but I just got the ‘auction results are in’ email and checked the suburb I’m wanting to buy in...only two auctions both passed in. One in particular had a range of $850-$890k and passed in at $870k. + +What’s the point of a ‘price range’ when it’s clearly not the price range vendors are willing to sell for. Why is no one honest and transparent in this industry? There needs to be some form of investigation into practices by these REAs. + +Buying in other parts of the world is such a straight forward process, “house is listed for sale with a price, buyers offer within £5k, they buy the house (UK)”. +My wife and I are 30 and recently had a child. My wife is self employed and I work a relatively accident prone job. We’ve each taken out an income protection insurance policy recommended by our IFA. + +The policy pays out our current monthly income in the event that we become injured in such a way that prevents us from doing our specific occupations whether it be for a year or for the rest of our lives. + +The premiums are around £40 per month with our annual incomes each being just a bit more than £20k. + +I suppose I’m just looking for reassurance as to whether or not this was a good idea (I know that’s a very subjective question) from people who probably have a good finger on the pulse of these types of things. Does anyone on this sub have any experience with these of policies? Are they considered a waste of time? + +Edit: Thanks very much for all the replies, they’ve been incredibly insightful, helpful and made me feel more reassured about the policy as a whole. +Good afternoon my fellow Apes! Although it’s a great day to hug a few trees 🌳 let us not forget this is also a day to honor the greatest ape of all, Harambe. *salute* The banner contest has seen some insane artwork and I’m constantly blown away by the level of talent and creativity here. Seriously top notch! Round of applause!! *Insert 200,000+ cymbal clapping monkeys* + +The mod team, especially u/Bye_Triangle and u/StonkU2, has done a fantastic job putting all the submissions into brackets and the voting system. Kudos on a job well done! So with that being said, I am here to present you the final round of our banner competition, the Harambe Division! + + +But... Wait.. I know it’s 4/20 and all but, am I trippin? Why is u/PinkCatsOnAcid posting this? + +[Well...](http://imgur.com/a/7xZj7bN) + +That’s right, my dear fellow soldiers from the trenches of January and beyond. This merry band of fuckers has invited me aboard the Eagle 5 and I said yes. + + +For those that aren’t aware, I have already turned down a paying gig to pimp out my account pushing other stocks. That’s not what I’m here for. I don't have socials besides Twitter (@PinkCatsOnAcid). I’m here for the GME Tendies, and I just like the stock. I pledge to you here and now that **I can not be bought**. Hopefully I have proven this to the community by now. + + +So with that, I wish you all a Happy 4/20, and [let the voting commence](https://www.polltab.com/bracket-poll/CeHmHHxFDkQ)! ✌️❤️🚀 +The kid screwed up. He’s been dealt the consequences, let’s not continue the hate and drive this fella into a pit of depression. + +Ape no fight ape, right? + +We all knew he was a 22 year old kid with limited trading experience. He was transparent about that from the beginning. He went from zero to hero real quick and chances are his ego got the best of him. + +Let’s let him leave in peace to learn from his mistakes and continue on our merry way. + +Side note: maybe we should consider removing posts bashing him? I don’t believe it looks good on the sub from outsiders to see the blatant and targeted hate... some apes are ruthless, god damn orangoutangs. (Still love ya) + + +Just my two cents, as always, hodling til my hands seize shut. + +Edit: added some love. + +Edit #2: I’ve received both the all seeing upvote and faith in humanity restored award anonymously, within seconds of each other. + +.. I can only hope the great DFV is watching over. +In honour of the [Vic Earthquake](https://www.memesmonkey.com/images/memesmonkey/98/988bdc71057908e57e52a06238d82b4b.jpeg) and those fucking protestors not being swallowed up into the giant sinkhole they deserve to be, I thought I’d type out a lil DD. This has been one of my faves I’ve been watching for a while so... get around it you mongrels. + +**Ticker:** AMO (Ambertech Limited) + +**Current SP:** 0.30 + +**Market Cap:** 23.1 million + +**What do they do?** + +Ambertech limited (AMO) is a distributor of audio-visual products and services. They service commercial, residential and professionals and do things like installing speakers etc. at venues so they can pump those sweet sweet corporate-approved tunes into their customers ears. They have contracts with Department of Defence for more high-tech stuff, and often have an ongoing service component (ie. people supporting their products as the consumers are using them, which means a) greater customer satisfaction and b) more opportunities for additional selling). + +They also do some kewl stuff like this [Flight Simulator for budding pilots](https://f.hubspotusercontent30.net/hubfs/315136/NatVIS%20Simulator%20Visual%20Systems.pdf), which shows we’ve come a long way since teaching monkeys to fly into space (and that fucking hippie Matthew Broderick trying to get in the middle). + +**Why AMO?** + +The company has a solid track record, is severely undervalued by most financial metrics, pays a dividend, is owned 49% by insiders, and hasn’t had a ridiculous SP run already (IMHO there’s plenty of room left). If that isn’t enough for you, what is?! + +I’m honestly not sure if this is even a positive, but [Refinitiv gives AMO a 10](https://imgur.com/a/kzyJafo) (out of 10), so it’s one of the top 100 companies on the ASX according to analysts. I know we all don’t really give a shit what they say, but since the market runs on sentiment I guess it doesn’t hurt to have some positive sentiment on your side. + +**Financials:** + +The financials are excellent and are what really gets me frothing at the mouth. Like, genuine “did you get bitten by a large rabid bat” frothing. Damn, should’ve got my bat vax. + +AMO has made a profit for the last two consecutive years, and doesn’t seem to have been terribly adversely affected by COVID. Their revenues and profits are healthy, and they have happily paid out some of their profits to shareholders via a dividend for the past two years (this year it was roughly 47% of profit). + +[mmmm am i attracted to furniture? cause that is a sexy table](https://preview.redd.it/tlilvuwjpcp71.png?width=617&format=png&auto=webp&s=735078355519a4094abfb0c4c241a74a50d609aa) + +Both long-term and short-term debts are covered by assets. + +AMO received $1.1M in Jobkeeper payments in the last two financial years, so it would be wise to assume that gets wiped straight off their future profits. But also, you can clearly see from the financials that Jobkeeper wasn’t the reason the company was profitable (ie. they’ll do fine without it). + +P/E ratio is 4.5x, which is some of the lowest you can get at this kind of market cap. Market standard is around 18x and sector standard is around 20x. + +**COVID Impacts** + +In general, the company doesn’t seem to have been impacted by COVID at all. In fact, they’ve thrived. It seems that their business model is relatively lockdown resistant. + +My guess is that in the age of lockdowns, AMO serves a unique purpose for a number of professional entities, who have suddenly required audio-visual equipment to remain connected to each other. AMO have done some work like this for Virgin, ING and Sydney University (ie. installing equipment to facilitate large corporate Zoom meetings). They also have consistent work with entities like the Dept. of Defence which is not really at risk of suddenly falling over (Defence force always has money). + +As the world opens back up and things like live gigs become a thing again (I bet you’ve missed drinking a shitty overpriced beer while nodding along to some random indie rock band – I genuinely have) there are identified opportunities for install of AV equipment/support etc. So while they’ve done well out of COVID, there’s also plenty of opportunity to do well once things are (sort-of) back to normal. + +**The chart:** + +It looks like this: + +[yes i started using night mode, what of it?](https://preview.redd.it/2jw34ztopcp71.png?width=601&format=png&auto=webp&s=3c0ff394bff9d4664fcea8ca109c6efc2c6c013e) + +I’ve marked the ex-dividend date on the chart, which is where the SP has recently fallen – could represent a good buying opportunity. The stock has been on a consistent up-trend for a year now, with higher lows AND higher highs. + +The Board/insiders own roughly 49% of the company, which to me says that the company execs are heavily invested in the stock price doing well, and as an investor you’d be likely to reap the same rewards as them. + +**Potential downsides:** + +I’ve genuinely tried hard to think of some but the only one I could come up with was this: + +\- AMO has been relying on past losses to offset some of their tax payments, which means they haven’t paid much tax the last two years. Those offsets are gone now, so it is highly likely that profit will be impacted in FY 21-22. + +Other than that, I think this is probably less “rocket potential” and more “nice solid earner for a 6-12 month hold” so I suspect that will turn a few of you off. That said, if suddenly this stock got the attention it deserves, its SP could triple in a couple weeks based on its fundamentals. The fact that its MC is still so low means there is actually a lot of potential here. + +**TL:DR**: Possibly the most solid <$25M MC stock on the ASX 🚀🚀🚀 potential depending on if/when the market wakes up to it, and in the meantime solid growth AND a dividend. Can’t really go wrong can ya? +Title pretty much sums it up. Sister borrowed my car and missed a few toll booths on the highway. Got the tickets in the mail. Few months later got another warning saying i need to pay or it will go to collections. She then said she paid it. Got a letter this AM from collections saying i've failed to pay the ticket. She feels terrible and that she forgot to pay it. Do i have any options here or is this stuck as a hit on my credit? If she is willing to accept liability for the debt (she feels terrible and is)- is there any way to make that happen. This is fucked. +Hey guys I'm currently a college student with 50k. Would it be a bad strategy to invest roughly 30k into $msft and began selling weekly or monthly covered calls? I would invest in calls with deltas sub 20. While I know a 30k investment out of my 50k is a huge chunk but I am super confident with Microsoft's future. Additionally, I won't need this money for a few years. Any insight would be greatly appreciated. +Do you guys think this is a good strategy? If the investor was long this stock which is going to get delisted because it’s a Chinese adr. Let’s use the example of DiDi. They have already given a date for delisting sometime in June. Why not sell a leap otm covered call for jan 2024 for a relatively good premium? It works the same way as all contracts will expire once delisting occurs. + +What’s your thoughts? +The full story for this has been going for about six years, but I have been posting about it on Reddit over the past two. It has finally come to a head! If you want to delve into the detail here are the old posts, otherwise I have provided a condensed update below. + +Original post (2 years ago): [https://www.reddit.com/r/UKPersonalFinance/comments/9zqhvn/money\_owed\_by\_mobile\_firm\_ombudsman\_offers\_less/](https://www.reddit.com/r/UKPersonalFinance/comments/9zqhvn/money_owed_by_mobile_firm_ombudsman_offers_less/) + +Update (9 months ago) [https://www.reddit.com/r/UKPersonalFinance/comments/h8t3wz/money\_owed\_by\_ee\_claimed\_back\_via\_direct\_debit/](https://www.reddit.com/r/UKPersonalFinance/comments/h8t3wz/money_owed_by_ee_claimed_back_via_direct_debit/) + +I took out a 24 month phone contract in 2015, cancelled in the 23rd month as I was going abroad for work, but unbeknownst to me, EE didn't disconnect or cancel the contract (I was using another handset as theirs didn't work abroad, nor would the contract). Came back to the UK and found I'd been paying for 11 months (c. £360) from my UK account, to which EE offered me 3 months back, which became 6 months back after I escalated, at which point I decided to go to the Ombudsman. + +I submitted a Data Subject Access Request to get proof that I had cancelled, but as Ombudsman cases are time sensitive, EE ran down the clock (3 months) and didn't return my DSAR within the time the Ombudsman allowed for the investigation. As such, the Ombudsman made a ruling based on EE's word against mine, giving a resolution offer of 3 months back. Naturally, I rejected their judgement. + +Afterwards, I came to Reddit, where it was suggested I could use the Direct Debit Guarantee to reclaim my money, which I did. EE then began sending letters saying I owed them the full amount, and then passed it to debt collection agency. 9 months of emailing back and forth with the DCA ensued. + +When I finally managed to get them to produce the evidence that the Ombudsman had relied on in the original case, (the smoking gun), I was able to disprove it because I had the SAR data. + +While I didn't quite get to give them a full broadside, the DCA began their own internal investigation once realising that what EE had said in the Ombudsman's investigation conflicted with the truth. After 2 months ivnestigation, they dropped the case against me and removed the debt marker on my credit file, accepting 'no liablity' no less. + +Am I chuffed? Over the moon. £360 to enjoy summer with. + +Was it worth it? It was a long slog, but a victory nonetheless. It goes to show that the little man can win against big companies as long as you use all the levers at your disposal. + +I've also learned a valuable lesson that you should always get confirmation of a cancellation in writing, and keep proof of it! Many thanks to the contributors on here who gave me the options I needed and advice to see this through. + +Secondly - the Direct Debit Guarantee is a great tool to claw back money via your bank, but obviously, only claim back the money if you have the evidence to prove it or are willing to fight your case in court. + +**TL;DR (update) I have cleared the debt from my credit file and debt collection agency has accepted defeat after I provided DSAR information that proved EE misled Ombudsman.** + +**TL;DR (full) Cancelled phone contract, EE didn't stop billing. Complained and escalated to Ombudsman, who didn't help. Submitted DSAR to get evidence of cancellation, and claimed money back under direct debit guarantee. Debt collectors finally accept defeat after 9 months of emails.** + +Edit: Changed advice - you should always request written confirmation of a cancellation - an email is a good way to get this. +Edit: I meant to say "January sneeze" in the title, not squeeze. + +If you're only watching the price of GME and the most widely followed indexes in the U.S. (S&P 500, Dow Jones, and Nasdaq) and you think nothing has happened yet - you’re looking in the wrong places. The market has already started crashing. + +The market, represented by these indexes, is currently entering the correction zone. A correction is defined as a market decline that is more than 10%, but less than 20%. A bear market is usually defined as a decline of 20% or greater. + +**Small-cap stocks are already DEEP into a bear market.** + +My trading strategy focuses on small-cap and penny stocks that are owned by hedge funds known to manipulate the market. Many of the stocks I used to invest in are complete garbage, but I look for pump and dumps, obvious manipulation patterns, and anticipate runners based on near-identical charts of multiple companies. + +My current watchlist is **down an average of -66% for the 1-year.** All of the stocks have been following a very similar downtrend and are bleeding for no rhyme or reason. The only thing these groups of stocks have in common is that they are all being heavily promoted by shills on StockTwits and strongly manipulated by hedge funds. + +All these stocks have been in a bear market since February 2021, and all started falling following the January "squeeze." This trend is not normal. + +Here’s my theory: The mass sell-off is certainly not going towards covering hedge funds' short positions, the capital is most likely being pumped back into the market to keep major indexes afloat. If so, they can't keep it up much longer. + +Once they’ve sold off all their small-cap stocks, they’ll have to start selling off securities that represent major indexes and that is when we’ll be entering a bearish market. And considering how poorly the market performed in January 2022, it seems like that is getting very close. + +Below are the YTD charts I was invested in, before January 2021. And let me make this clear because this is an important detail — **I didn’t just select certain stocks that look similar on my watchlist. These are literally all the stocks on my watchlists, besides meme stocks and a few cellarboxed ones. I’m not picking and choosing the ones that look similar to make a claim.** + +&#x200B; + +https://preview.redd.it/2mo78go1p8f81.png?width=2392&format=png&auto=webp&s=01f2f56e37a7efb64015489e5f0962dfd0bf172e + +\[[Here is an album if you'd like to take a closer look](https://imgur.com/a/ViCkSL3)\] + +TL;DR: My watchlist is full of stocks that HFs manipulate and there have been mass sell-offs of every single one since February, even though we’ve experienced record highs in the market for months. +UK Parliament seized internal documents related to Facebook’s privacy and data decisions. + +No one is going to like what the sausage factory actually does to make money... + +https://www.theverge.com/2018/11/25/18111007/uk-parliament-seized-internal-facebook-documents-app-developer-six4three-cambridge-analytica +There is a feature on Google Sheets called Add-Ons. +I was thinking of building an add-on. The purpose of the add-on would be to give you access to new functions. + +For example. + + =ADJEODPRICE(ticker_symbol, date) + +(There is the built-in Google Finance function, but it's awkward to use IMO). + + +Another example + + =ALPHA(STOCK) + +Get the alpha of a stock. + + =BETA(STOCK1, STOCK2) + +Get the Beta of two stocks to each other. + +Anyway let me know if it's something you would use. If yes, tell me the functions you want. +I'm just so happy, and I kinda need to tell someone about this, so here's my story. + +I started working with my current company three years ago (to the day, march 15th 2014). The company is great, work from home, great colleagues, I'm good at what I do, conditions are nice, etc. + +Three years ago, when I had my job interview, during the final process, they asked me what my expected salary would be, and I told them based on what I was able to see from other similar jobs, and past work experience. I told them, and it was approved as soon as I said it. I thought it strange that they would agree so quickly, and kinda wondered if I had just lowballed myself to this salary. + +Then a full year and a half came by, and I got my yearly review. "You're doing great work, clients love you, how do you like it, etc. Listen, I'm gonna give you a 6% raise! Normally I would only give 3% or so to people, but you get double!" I was pretty happy with the raise, but still felt that this was them playing catch-up on my salary to match other people. + +Next year, pretty much the same story. Big raise, lots more than others (or so they way), good job. Still, I'm happy. + +Then, I see on glassdoor that someone posted that a project manager job at my job makes significantly more than I. Like 30% more. That kinda pissed me off. My title is not project manager, but I do manage projects, and clients, and I never really cared about my title. To me, I should make close to that. Then I found a former colleague who had that job, and asked him how much he is paid, and it was pretty much that amount. I was more angry I was making so little in comparison. + +By looking around, I was able to access some contracts for some employees that were not protected, and I realized that I was making less than anybody else in my position (despite being the oldest employee, and also having more responsibilities with clients and projects). I chalked it up to me not having negotiated a good enough salary when I came in, and I had to fix that. + +Talking to my former colleague, he told me that I had to get my ducks in a row, potentially find another job offer to gain leverage, and also realize that since I was not living near the big city (i relocated about three hours away to a smaller city), it could be difficult for me to leverage since I would have trouble finding a satisfactory job offer in a smaller market. + +I took that into consideration and decided to simply go see my boss about this. We have a great relationship, and I could see his reaction and take it from there. So I went, told him I found other people's salaries and how I did it so they could fix that breach, and I plead my case. He took that to HR and the owner of the company (it's a small firm). + +Took them a week, and then he came to me. He said they were a bit pissed I checked the salaries of other people, that I shouldn't have, and I told him yeah, sorry, but not that sorry actually. I kinda stumbled onto them, and I didn't tell anybody about it, but it certainly helped me to leverage. We argued over some details, and I had a feeling I was gonna be offered something small, but then they gave me a 20% increase effective april 1st, with an additional 7% effective august 1st! + +I think I went against most advice here when I went to negotiate my salary (no plan, comparing myself to others, etc.), and I can't say I was happy doing it, but it paid off :) + +Edit: guys, I get it. I'm going to lose my job, then not ever being able to find a new one, on top of going to prison. It's possible, but I say it's unlikely. My boss admitted he felt I was a bit underpaid, in the end it's an upward move to a more project-manager job with a salary increase, and knowing the company, its people, the industry and the value I bring to the company, I wouldn't say I feel at risk of losing my job here. But if I do, I 100% promise I'll tell you. + +To expand a bit on that, the files were on a google drive that I had access to. I'm not sure if everyone had access to it, I didn't check. I was not looking for any of that, but yes I did have a look when I noticed that folder. I was actually looking for my hiring documents, and it just so happened that some others were just about right next to mine, and I had a look. +**TLDR Summary:** Had credit cards stolen. Reported to CC companies and—thanks to reading previous PF posts—subsequently reported the theft to police. Police were unexpectedly motivated and ended up identifying and arresting the thief. + +**Takeaway:** File a police report if your credit cards are stolen! Worst thing that happens is the police take the report and do nothing, but at least you have documentation for the CC companies. Best case scenario, police actually care and end up arresting somebody. + +\----- + +**Full Story:** In November 2020, I was returning items at a Lowes and apparently dropped my wallet in the parking lot without immediately realizing it. About 10-15 minutes after leaving the Lowes parking lot, I realized I didn't have my wallet, so I promptly returned to the store. I quickly scanned the parking lot near where I had parked but didn't see my wallet. I then went into the store to the customer service desk and asked if anyone had found/returned a wallet. Someone had! + +But when the Lowes staff member gave me my wallet, I could immediately tell that several credit cards were missing. I told the Lowes staff member and she told me that someone had brought the wallet in from outside so she couldn't really vouch for what happened before it was brought inside. + +I went to my car and immediately started checking the accounts of each missing card and locking them so they couldn't be used until I was able to fully report them as lost/stolen. The first few cards I checked had no pending charges, so I thought I was in the clear... + +But the very last card (a Chase Ink card) I checked had two large pending charges: over $1,000 at the same Lowes where I'd dropped my wallet and over $600 at a nearby Wawa convenience store. I called Chase and reported the fraudulent charges—which were immediately removed pending their fraud investigation. While I was on the phone with Chase, I got an email notification that someone had tried to use one of my locked credit cards. In total 4 credit cards were stolen but only the 1 Chase Ink card was successfully used fraudulently. + +After I reported all of the relevant credit cards as stolen with the credit card companies, I initially figured I was done and went home. But the next day, I thought more about all the experiences I've read here on the PF subreddit. I'd read several threads about credit card companies denying fraud claims—even obvious fraud claims—and didn't want to be stuck in that situation. More generally, I figured I was the victim of a crime so the police ought to know. + +So I reached out to the local police department in the same jurisdiction where the Lowes is. Much to my surprise, the police were very responsive (I live in suburbs of Philly). I gave a verbal report to the police over the phone and then followed-up with an email summary so there was a written record--which card was used for what amounts at what time, etc. + +A few days later, the police reached back out to me and told me they had identified a suspect (via security camera footage) and would be making an arrest in the coming days. They ended up arresting the suspect (a Lowes employee) the day before Thanksgiving (karma!). + +**Epilogue:** I participated in the court proceedings virtually, which was weird—being on a Zoom call with the same person who stole my credit cards. The credit card thief pled guilty to the charges in exchange for entering a first-time offender diversionary program. Essentially, if she were to meet all probation requirements and not reoffend for a certain amount of time, her criminal convictions would be expunged. But...I subsequently discovered that she was re-arrested shortly after her court proceedings for additional thefts/identity theft. +For those of you with a multi-million NW and multiple kids, how do you choose to allocate your funds when you die? How do you avoid spoiling your children but also give them a head start on life? How can you teach your kids FI principles while knowing that they might already be FI because of potential inheritance? +I’m 37yo, married, stable careers, $220k+ household income in Texas, no debt. I have $100k in savings we’ve been sitting on for over a year to upgrade to a new house, finally decided we’re just not going to overpay for a house right now. Also have $50k in emergency funds. 15% 401k contributions, IRA, etc.. + +I have zero experience in stocks but it seems that this is a solid time to invest in the dip. Should I just find a local financial advisor to help me navigate how to invest in this? I don’t know where to start. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I thought it would be nice to hear stories from people whose journey to FI (either complete, or well on the way) has included significant leaps and bounds. + +&nbsp; + + +This might help expand our thinking of what’s possible. Limiting beliefs hold us back. +This is a post for learning; not attacking -- so no haters; just investigators. + +&nbsp; + + +*** + +&nbsp; + + +E.g. Have you doubled your income in a year? Sold a company? Cleaned up with investments? Graduated high school a millionaire? Started late and retired early? Replaced active income with passive income? Built a profitable business? + +&nbsp; + +How? What is your story? + +&nbsp; + + +Hopefully we can all learn a few things :) +**Edit:** +Ex-mod u/Chared945's has spoken up about [his forced removal](https://www.reddit.com/r/Superstonk/comments/ygu9wi/comment/iub680s/?utm_source=share&utm_medium=web2x&context=3) +Ex-mod u/jsmar18's comment about [the gaslighting situation](https://www.reddit.com/r/Superstonk/comments/ygu9wi/comment/iubn81e/?utm_source=share&utm_medium=web2x&context=3) within the mod team and [his resignation letter](https://www.reddit.com/user/jsmar18/comments/yfn4bw/superstonk_resignation/) from the team. + +Evidence for the internal issues of the mod team can be found on the latest post of u/Gentaro's user profile. + +**TLDR:** I personally experienced and witnessed workplace bullying within the mod team where people were suffering for months and became extremely distressed and then forced out of the mod team. I called it out and also tried repeatedly to ask for accountability but the mod team didn't want to admit their mistakes and kept doubling down on their denial and deflections. I realised that there are serious moral, ideological and cultural differences between me and the team so I left. + +\------------------ + +I was on-boarded as a Superstonk mod on the 30th April. My mod permissions were removed on 17th August and I left the mod team officially on the 8th of October. + +Ever since I spoke up in the comments on [Gentaro’s post](https://www.reddit.com/r/Superstonk/comments/yau97d/transparency_in_the_sub_v2/), I saw that many members of the community are concerned about what’s happened with the mod team and with my situation. I waited a week to see if the mod team would walk the talk about providing transparency to the community but they’ve disappointed us yet again. Instead, I’ve seen genuinely good, caring apes get silenced or roasted in the comments just because they cared enough to want the mod team of the biggest GME community online to provide transparency instead of legitimate concerns being swept under the rug. + +And since the current mods have repeatedly insisted that they’re [not stopping ex-mods from speaking out](https://www.reddit.com/r/Superstonk/comments/yc7mb3/comment/itknnb0/?utm_source=share&utm_medium=web2x&context=3) and there’s [no NDA imposed](https://www.reddit.com/r/Superstonk/comments/ya3ia3/comment/itae7ms/?utm_source=share&utm_medium=web2x&context=3) on us despite immediately permabanning me for leaving the mod team, l will share my side of the story here. + +# My full story + +I was bullied out of my position as a mod without anything approaching a reasonable process and in my case, the only “offence” I’ve committed was respectful disagreement. I found the Superstonk sub rules to be inconsistent and enforced arbitrarily early on because this made it difficult for me to do my job as a new mod who’s still learning. And because I was worried about the sub, I voiced my concerns and opinions regarding the inconsistencies and internal processes of the mod team whenever they arose. + +My main concern being, it is very difficult to do any proper moderation without clear, well-defined rules. When I started as a new mod, the sub rules were way more vague than it is typical on Reddit (e.g. No Improper Content). This is worrying to me, given that there were constant problems with inconsistent moderation and it'll look like the moderators are either biased or not doing their jobs enforcing the rules. It also leads to inefficiencies (as happened with the DRSGME’s fundraiser website situation). I've tried to express this openly with the mod team early on but nobody paid any attention to what I said perhaps because I was new. So I approached various senior mods in the team about my concerns only to be flat-out ignored by them time and time again. + +An admin mod did eventually get back to me after six weeks, and they responded to my feedback about the mod team processes with “if you’re really so unhappy, maybe you shouldn’t be modding this sub”. Whether I was right or wrong about the mod team's problems, the fact that an admin immediately responded to respectful feedback in such a dismissive way clearly demonstrates that the people in charge are not interested in considering different ideas in the first place. + +I was later told by another admin mod that some people in the team have raised concerns to them about the way I “express discontent” but since it’s not a “pattern of behaviour'' they observed, they invited me to have a “chat” about improving team communication instead. I then expressed that I do actually have my own concerns to talk about but I needed time to prepare for it and since I was also dealing with personal issues at that time, I was in no capacity to address this immediately. But I’ve tried my best to always be in communication with the admin mods and update them about where I’m at until the 17th of August when they suddenly, without prior warning, removed me as a mod from the sub and forced me into the #hiatus channel of their Discord server where I was isolated from all mod team discussions. After I was forcibly ejected, the admin mod tried to justify it as me “failing to meet my deadline” and “unresponsive to requests for a mediation to address interpersonal conflicts”. + +I was completely blindsided. For perspective, please realise that after I was on-boarded, we went three months without having a single mod meeting (which was supposed to happen every two weeks) so the idea that there was a hard deadline was surprising to me given how it was never clearly communicated and the general lack of a consistent schedule or communication made the actions of the mod team that much more confusing to me. + +I tried to appeal this to the admin mods and explained how I was never communicated any hard deadline, nothing was ever formalised, I had no idea at all I had any interpersonal conflicts so serious that required a full-on mediation and that at no point I was ever warned that my modship was in jeopardy. Again, I was ignored by everyone I reached out to. + +Unfortunately I’m not the first mod to be removed suddenly for vague criticisms like “we don’t like how you communicate and disagree” or “we feel that trust has been broken” despite no actual bad acting, with knee-jerk reactions and abuse of power. + +The workplace bullying I’ve personally experienced and witnessed happened to others in the team disturbed me greatly. What I can share is that I’m not the only ex-mod who was forced into hiatus, and the mod team’s poorly managed mediation process had failed badly for them. These ex-mods were very distressed by their whole ordeal and it was terrible to see how much they’ve been affected by it. + +On the 27th of Sept, the admin mods got back to me about my own situation after the two ex-mods were removed (within two weeks of each other) and tried to force me into a so-called mediation which didn’t sound like a mediation to me so I questioned them about it, and then they acknowledged it was actually a “tribunal” and an ultimatum, where I would need to “win over members of the mod team as a whole” because a quorum was needed in order for me to be let back into the team. They also said that I will need to earn my privileges back into the team and must prove to them that I’m “consistently demonstrating the ability to discuss things in a productive way and exercising sound judgement”, only then may I be restored to the lowest rank junior mod where I can only post removal messages and sticky comments to the sub. They emphasised many times that this was a non-negotiable for me. + +But there was no way I was subjecting myself to such a disingenuous tribunal and be judged by the whole team because of the failures of the mod team processes and poor management. I called repeatedly for the admin mods to take accountability for the broken processes which led to my situation, and the (imo) unjust removal of the two ex-mods. Instead, they kept doubling down on refusing to acknowledge or take accountability like SHFs who made a bad bet, and continued to paint me as an unreasonable person who was combative, rocking the boat, creating a hostile environment within the team and being difficult to work with. + +Their reasons for my tribunal also read like a haphazard collection of minor incidents that were only dug up after-the-fact and taken out of context, or straight-up unfounded accusations to justify my removal as a mod for reasons listed [here](https://imgur.com/a/HkSFd4x). + +I also found out later that they had created an entire Discord channel that I wasn't privy to specifically to discuss about me in a Them vs Me dynamic. + +At this point, I’ve been isolated, humiliated, gaslighted and continuously made to feel invisible and unheard for months. This bullying has affected me alot emotionally and mentally because they made me feel like I deserved to be treated this way and it took a toll on my health. While I’m not without fault and have told them that I own my part of the problem, it was concerning to me that the admin mods refused to take any accountability for their mistakes and poor management while the other mods in the team seemed content to just take whatever the admin mods say at face value and kept making excuses for them despite also having witnessed all that has happened right in front of them. + +More than that, it was extremely disturbing to me that these people found it so difficult or even offensive to just do the right thing and extend kindness, understanding and compassion to mine and the other ex-mods’ situations because we’re still humans behind the keyboard. + +I realised that the mod team and I have serious moral, ideological and cultural differences and I simply could not work in a team like this. I wrote a respectful but honest leaving message, dropped it in the mod team server and left the server on the 8th of Oct. Almost immediately after, I got notification that I was permabanned from Superstonk when I didn’t do anything at all to justify it. I was informed later that I was unbanned but unlike publicly stated, the admin mods were absolutely adamant about keeping the ban because I might start “drama” and had to be convinced by the others to reverse this knee-jerk reaction. Some of the mods who reached out to me before in the pretext of friendship just stopped replying to me when I asked for help about my permaban. I was then made aware that the admin mods had told everyone on the mod team not to engage with me in DMs and ignore me (a couple of good ones didn’t care and continued talking to me anyway). Jsmar18 left the team shortly after ([his resignation statement](https://www.reddit.com/user/jsmar18/comments/yfn4bw/superstonk_resignation/)). + +The admin mods like to pretend that the mod team is some Fortune 100 company and always used a lot of corporate language and weird corpo behaviours which never sat right with me, especially when the internal processes are so broken in reality. It also worries me to see how recent events over the last few days have shown that the mod team is STILL refusing to provide transparency, banning people for petty reasons, manually approve [low karma accounts like Ellajax741](https://imgur.com/a/65fekMK) who commented just to attack me, removing posts and actively deflect efforts in the comments that were calling for transparency as being [focused on mod drama](https://www.reddit.com/r/Superstonk/comments/ydeqgv/comment/itrr371/?utm_source=share&utm_medium=web2x&context=3) and “[cringy](https://www.reddit.com/r/Superstonk/comments/ydeqgv/comment/itsdep6/?utm_source=share&utm_medium=web2x&context=3)”. + +I don’t enjoy being in the spotlight. I was also not the type of mod who will show my face or advertise the fact that I'm a Superstonk mod on Twitter. And I most certainly don’t want to risk myself getting doxxed and harassed online. All I wanted to do was to lay low, do my job as a volunteer janitor of the sub and focus my efforts on helping the community as best as I can. But I’m speaking up now because I feel that the community deserves to know my account of what happened that 4 mods were removed in 3 weeks. + +I'm grateful to the members of the community who voiced their opinions openly and subjected themselves to deflections, gaslighting and got downvoted into oblivion because they questioned the authority of the mod team and called for transparency, truth and accountability to the community. The fact that good apes are being treated like this is disgraceful. I’ve had many kind and supportive apes DM me, some of whom I’ve helped while I was a mod, others I’ve never spoken to before, especially after I spoke up on Gentaro’s post. These apes gave me the strength to share my full story after I felt so sad and defeated because I thought that the community doesn’t care about the problems of the current mod team. This has very real world consequences and it's so important for us to be able to discern what's actual FUD and what's worth caring about. I don’t know what’s going to happen now but apes together strong. Feel free to ask me any questions in the comments. + +Thank you all for reading my story. +What happened so far: + +* Ryan's gag order ended Feb 9, but he couldn't buy because he knew about the unannounced NFT marketplace + +* NFT marketplace announced on March 17 (Thurs) after hours. Ryan and other insiders can buy T+2 trading days later, on March 22 (Tues) + +* Ryan kicks off buying on March 22, Tuesday Morning, and others follow suit until March 24 + +What could be happening now: + +* On March 24, the board decides to request a vote on a stock split dividend. Since this news is not yet released, insider buying must stop + +* Stock split dividend news was released on March 31 (Thurs) after hours. Ryan and other insiders can buy T+2 trading days later, on April 5 (Tues) + +* Ryan kicks off another buying spree on April 5, Tuesday Morning +What happened so far: + +* Ryan's gag order ended Feb 9, but he couldn't buy because he knew about the unannounced NFT marketplace + +* NFT marketplace announced on March 17 (Thurs) after hours. Ryan and other insiders can buy T+2 trading days later, on March 22 (Tues) + +* Ryan kicks off buying on March 22, Tuesday Morning, and others follow suit until March 24 + +What could be happening now: + +* On March 24, the board decides to request a vote on a stock split dividend. Since this news is not yet released, insider buying must stop + +* Stock split dividend news was released on March 31 (Thurs) after hours. Ryan and other insiders can buy T+2 trading days later, on April 5 (Tues) + +* Ryan kicks off another buying spree on April 5, Tuesday Morning +Feels good and I just needed to share with someone, even anonymous internet strangers (using my throwaway account...). Not really the thing you can talk about in real life unfortunately, with the way society is so weird about talking about money/finances openly. + +This week I surpassed the quarter-million net worth mark for the first time. I missed my original goal of my 29th birthday by a couple of weeks due to the year-plus-long market slump but with continued contributions and the recent rally I've finally done it! Granted, now my NW can swing thousands of dollars per day at the whim of the market, but nonetheless... + +http://i.imgur.com/l8V42Dc.png?1 + +I hit 100k in January 2014 so it took about 2.5 years to go from 100 to 250. Hoping to hit the 500k milestone by 32, about 3 years from now. + +The biggest (planned) unknown is deciding whether or not to buy a house in my very high COL area with a stupidly hot real estate market. But for the time being renting has allowed me to plow tons of money into investments instead. + +Of course who knows what life and world events will have in store in that time frame. Fingers crossed for everyone on the road to FI/RE! +**one more edit, ffs please downvote this it's almost completely resolved** + +. + +. + +. + +. + +. + +FINAL EDIT - god bless us, every one, the post is back! you, street urchin, go buy the biggest share purchase at the stock store! MERRY CHRISTMAS TO ALL......Note, I'd still like an explanation of why it was removed, and whether the mod who did so will b reeducated or whatever. Anyway feel free to downvote, as i have, so we can get some new shit to the top + + +EDIT: I've sold my car, my guitars for GAMESTOP. I've gone into CC debt, work overtime and scooter to my shitty night job in the dead of fucking winter, I've given EVERYTHING for the stock, and I will, even unto the end + +MASSIVELY upvoted post, VIBRANT comments section, multiple co-authored DD collab deleted in middle of the night on a technicality. + +In spite of the age of my acct i've been on reddit since the night before mavi marmara incident. I've seen a lot of shit. + +Whoever removed /u/gherkinit 's post, a COLLABORATIVE effort using multiple researchers, is compromised intellectually. + +They are either an agent, a paid redditor, or they are incompetent and their discretion should no longer be relied upon for the sake of holders of GME. + +Please release to us the name of the moderator who removed this post, and who was involved in this decision. + +I do not wish to "flame" the moderator who took this action. Rather, I seek to see and expose how compromised this subreddit has become, and what actions the remaining mods are willing to take to rectify an obvious bit of injustice. + +The destruction of credible due diligence on the basis of at best a paltry technicality is a deliberate or foolish act of sabotage to the sub. + +this was credible dd deliberately deleted when there was zero need to do so. + +If the response to this from moderators is "the rules is the rules" then i say; + +We are NOT a corporation. We are NOT a sacrosanct religious order. the mods CAN and SHOULD make exceptions when a post is at the top of the damned subreddit. the rules exist supposedly to ENHANCE the quality of the sub, not to enforce them in such a way that ELIMINATES a quality discussion... + +Line. in. the. sand. UNDELETE THE POST or come up with some intellectually reasonable reason not to that's not a fucking technicality. + +buy hodl. and fuck whatever mod did this. + +It is crucial for there to be transparency here. +Edit: I attempted to call the office of the police department that was given to me on the crash report paper, but the office is closed for the weekend. Google confirmed that as well. There is a different 24/7 nonemergency number I can call, but given that everyone here unanimously thinks this is a scam I am not going to call. I might call the original office on Monday and will report back what happens. + +--- + +I was in a serious car accident 1 week ago, where my car was totaled and I had to go to the hospital. I was not able to provide the officer with my insurance since it was in the car, although I gave him my phone number and drivers license. The police officer gave me a crash report paper with his name on it. The police officer was a man, which will be relevant in a moment. + +Today, 1 week later, I received a text message on my cellphone from someone claiming to be the police officer with the same name, and asking me to send a picture of my AAA policy card in order for them to fill out the traffic accident report. + +I googled the phone number but didn't see any results. I don't use AAA for my insurance. + +Later, I received a call from this number, and I picked up the phone, and a woman said she was this officer and needed this information. I told her that I met the police officer last week and he was a man. She then said that was a different officer. + +I explained that I wasn't comfortable providing that information to an unknown telephone number, and asked if I could call the police office phone number provided on my crash report ticket. The person who picked up became rude, saying that the office was closed on the weekend, and that she would be out of the office Monday through Wednesday, and if I don't send this information now then my crash report would be filed late and would cause me issues. I told them to please call me back from the real police officer phone number and didn't provide any information. + +A separate number called me 5x in a row after this and I did not pick up. Googling the second number returned no results. + +I received another text message from the first number saying that the officer was going to issue me a citation for no proof of insurance via the mail, since I was declining to provide it. + +\------ + +This feels sketchy and a scam to me. However I'm not sure what the scam is. + +It seems like it might be real because how would a scammer have my phone number, know I was involved in a crash, and also include the same name of the police officer I met last week? I'm also not sure what a scammer can do with a picture of my insurance anyways. I did call the police office and confirmed that they were closed for the weekend. + +It feels like it might be a scam because 1) the phone number is not listed on google. 2) I don't use AAA for my insurance but she asked for it specifically. 3) the person on the phone was a woman, and claimed that the original officer I met was a different person, even though the name she put in the text message was identical to the name from the crash report. I suppose it is possible that there were two officers, and the crash report contained the name of the woman, even though I only spoke with the man. 4) The fact that they were trying to be pushy about me providing this information now even after I said I was not comfortable providing this information to an unknown telephone number. 5) Now she says she is going to issue me a citation. + +Is this a scam or did I just cause unnecessary problems for myself? +Forgive my naivety - I thought the idea of a variable interest rate is that it varies? + +I have an ING investor loan at 2.79% and they’re advertising the same product now at 2.34%. I called them and asked them if I can get the same rate and the best they could offer was 2.54%. - even after I warned them I would move to a competitor who’s offering 2.14% for a similar product (homeloans.com.au). + +To get my rate at where it is now - 2.79% - I had to haggle them with the same process. + +The reason they mentioned they couldn’t do better this time is because of the rate of interest at the time I got the loan (five years ago). If that logic holds true then they wouldn’t ever need to raise my rate. + +Is this just an excuse and the banks are counting on apathy/ignorance/complacency to get away with overcharging customers? Or am I missing something? +This is just an opinion based on my preliminary research. + +I've tried to find which kind of debt funds to invest in for a long term portfolio. This takes into account the portfolio allocation between Equity & Debt for, in my example a set of SIPs in Equity and Debt for 5 years and above. While there are many articles and reviews for Equity funds - largecap/ midcap/ multicap etc. there aren't many that I could find for debt funds for a long term investment strategy. + +Now, critics would say debt funds investing should be aligned with the kind of debt fund you're looking for vis-a-vis the average maturity of the portfolio, the interest rate sensitivity as well as credit quality for starters. I examined short term and long term returns for the entire debt universe, the best and worst periods coinciding with the 10 year Gsec yield curve(top and bottom) and came to this conclusion: + +1. Gilt funds have the tendency to give maximum returns(definitely in a falling interest rate scenario) but conversely, if you get caught in such a fund when rates start rising, you will get corresponding negative returns too. +2. Liquid, Overnight, ultrashort, floater etc. which are at the lower end of the average maturity converge around the same long term average return over 5 years with a difference in 20-30 basis points. They obviously return much less than Gilt Funds. +3. Credit risk funds, Corporate Bond funds, low/ short/ medium duration funds are all opportunistic play based on interest rate mismatch between Corp bonds/ Gsecs & CD/CP rates. I do not rate them highly for more analysis of finding funds for 5 years + investment in this exercise. + +This left me with only two categories for an investor who would not want to actively manage when to move in and out which kind of debt funds at different times. Something like a fill it, shut it, forget it kind of passive investor. + +Equity investors falling into such a category would obviously swear by index funds - the best passive investment option with the lowest expense. A fair few wouldn't mind a multicap kinda fund which can manoeuvre the investments between small/ mid/ largecaps based on the fund manager's call and scenarios when one one of the 3 categories is expected to perform better than the rest. + +What then would be the closest alternatives to index & multicap funds in the Debt space? + +The answer to this question based on all this pseudo research is: + +1. Gilt Fund with 10 years constant maturity +2. Dynamic Bond/ All seasons bond fund. + +A gilt fund with constant maturity works much like an index fund and doesn't let the fund manager play on duration - no moves to lower maturity or higher maturity - just gilts with maturity around 10 years. A dynamic bond fund, on the other hand works much like a multicap fund - as the name suggests, the fund manager in such a fund will take all kinds of calls and all kinds of debt instruments at different points of time. + +I checked valueresearch for these funds and checked the history of returns, best/ worst performance, standard deviation, mean & beta, apart from sharpe & alpha and made a choice. + +I zeroed in on IDFC Government Securities Fund - Constant Maturity Plan and Axis Dynamic Bond Fund after this analysis. Axis Bond didn't tick all the boxes but most of the boxes that it did, were the most important ones in my opinion. + +As the disclaimer at the top, this is just my research and may/ may not be correct. + +I welcome thoughts, differing points of view as well as constructive criticism. +The intelligent investor never stops reading. This is a thread to share articles, books, research papers, newspaper reports, television clips, podcasts, interviews or anything of interest that you are catching on over the weekend. + +Are you a starter in investing? Then, here is a list of recommended books: + +* Stocks for the Long Run, Jeremy Siegel +* Learn to Earn: A Beginner's Guide to the Basics of Investing and Business, Peter Lynch +* One Up On Wall Street: How to Use What You Already Know to Make Money in the Market, Peter Lynch +* The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments, Pat Dorsey +* A Random Walk Down Wall Street – The Time–Tested Strategy for Successful Investing, Burton G. Malkiel +What's your MF portfolio composition and why would follow your methods? + +Mine is like this... + +|Fund Type|Allocation|Reason| +|:-|:-|:-| +|International Funds|15%|Highest Returns| +|US Funds|15%|Beating Indian funds comfortably| +|Sectorial/ Healthcare|30%|Past performance is better than large cap| +|Large Cap|15%|Beaten down market, good potential| +|Mid Cap (No Multi Cap)|10%|Beaten down market, good potential.| +|Small Cap|0%|Covid cash crunch for small caps?| +|ELSS|5%|I’m not sure if they are worth| +|Retirement|10%|Debt| +|Total|100%|| + +Truth to be told... whatever I'm learning in the investment world, it's through this subreddit. Thank you. Totally appreciate all of your opinions, strategies, insights & wisdom. Feel free to point out too... :) +Hi there, + +Sorry for mentioning the fund again, + +I invested a lumpsum of Rs. 5000 in DSP Equal Weighted ETF NFO, apparently the NAV is at Rs. 202.4990, + +So if you do maths like me 5000/202.4990 = 24.691 units. + +Given that 0.25 is stamp duty a negligible amount, I should have 24.69 units. + +Then out of no where, I saw a redemption entry, rounding down the units to 24, giving me 0.690\*202.4990 = Rs. 139.72 in my bank account. + +So far they treated it as a Mutual funds as CAMS was involved but at the end they are rounding the units because it is a ETF? + +because I hold other MF that has fractural units, but the ETF from Small case investing didn't have any fractural units. + +Let me know if I understand it correctly... although the angel broking still treats it as MF, as Small case ETF investments are under normal Equity Portfolio, but this one is under MF section. Still showing 24.69 units only. Guess it will update in few days. + +&#x200B; + +Last question: + +NAV - DSP Equal Weighted ETF = Rs. 202.4990 + +[NAV - DSP Equal Weighted Fund - Direct Growth = Rs. 16.3552](https://invest.dspim.com/mutual-fund-products/equity-schemes/index-linked-equity-scheme/den50-direct-growth) + +Why such difference in NAV? - Sorry if it is a fundamentally stupid question, I was never sure on the difference between Index Fund vs ETF (apart from the usual liquidity and transaction stuffs, Like how there is a difference in NAV at this level) +**Just wanted to make users fully aware that Bitstamp may refuse to process withdrawals unless you go provide intrusive and personal information.** + + +Background: +**My account is fully verified. I traded regularly in 2013 buy haven't made a trade since December. +I purchased $2500 worth earlier this week through a different exchange and sold on bitstamp after the quick price rise.** + +**After requesting with withdrawal, here is what happened:** + +We have received your withdrawal request. As your withdrawal request met some of our volume and frequency thresholds, we will have to kindly ask you to help us better understand the nature of your relationship with Bitstamp. + +In order to do so, we require that an additional KYC (know your customer) procedure is completed before we can proceed with the processing of your transfer. + +We kindly ask you to send us a high resolution image of both pages of your international passport and answer the following KYC questionnaire: +1. How did you learn about Bitcoin? +2. The purpose of trading on Bitstamp? Please describe in as much detail as possible how you intend to use your trading account. +3. What is the origin of the deposited Bitcoins? If mining, please specify your hardware specifications and submit a receipt or an invoice for your mining equipment. +4. What are your future plans and activities planned on our exchange? +5. Do you plan more withdrawals in the future? +6. Which bank do you intend to use? Please provide the complete address and SWIFT code. +7. Estimated amount that you would be depositing/withdrawing to/from your Bitstamp account per month (in USD and BTC)? + +We kindly ask you to submit your answers and documents in a reply to this ticket. + + +**OK fine, here are the details and my passport (already verified with driver's license and had swift code already entered).** + +**They required that I prove where the coins came from that I sold. I provided the receipt from the exchange. Here is what they came back with.** + + +Thank you for your reply. + +Please note that the provided information is for only 5 BTC while you have deposited to and sold on Bitstamp more than *xxx* bitcoins. + +We kindly ask you to send us a signed message of your personal, most used wallet so we can establish the veracity of your statements. + +The "Sign Message" feature is an advanced functionality of the Bitcoin client which allows you to sign arbitrary messages to prove to somebody that you are (were) in control of the funds of some Bitcoin address. + +Since the exact way how to send a signed message differs between different wallet provider we advise you to try to find the information on your wallet provider's site. + +If you are using blockchain here is a shot tutorial: http://www.youtube.com/watch?v=S88ciN9DsRk + +Thank you for your cooperation. + +We look forward to your reply. + + + +**Not only is this extremely intrusive, it wouldn't actually show them where I bought the coins. I understand KYC requirements but this is beyond anything in the financial industry. And the coins I traded (under 500) were over the history of my account (not just this one trade). They eventually cancelled my withdrawal so I was able to get coins out (at a loss though).** + +**So just a heads up, be prepared to require this sort of information if you want to trade on bitstamp.** +Yes, insiders own more shares than were identified by GameStop as being direct registered, and yes those insider shares are likely held in ComputerShare accounts. But they are not direct registered shares. ComputerShare offers several different client services. One of those is being the transfer agent (who you DRS through) for a company, and another is [employee share plan management](https://www.computershare.com/ca/en/employee-share-plan-infographic). + +This means that a business can hire ComputerShare to manage all of their employee stock disbursements including managing vesting periods and restricted shares that are subject to meeting certain targets, etc. Here is an example of what that looks like as an employee with shares held in a ComputerShare managed employee share plan (not for GameStop). + +[For privacy reasons I’ve hidden some of the stock award line items, but this is where you would see the different awards \/ bonuses by which you’ve accumulated stock from your employer](https://preview.redd.it/p30evwa7kje81.png?width=2316&format=png&auto=webp&s=197bc03d774dfd9fb9466e8d58c5c7c9bb26ace2) + +The shares that employees receive through this are **not** direct registered to the employee’s name, they are held in street name like if you were using a broker. That said, although these shares are not DRSed to the individual, they aren’t held in some random shady broker either. They’re held by an arm of **ComputerShare** which, to reiterate, is not the same arm of the business as where you DRS your GameStop shares. + +Let's take a look at something else. Check out the Schedule 4 form submissions on [GameStop’s investor relations page](https://gamestop.gcs-web.com/sec-filings) where they report stocks awarded to insiders or sold by insiders, and take note of what the title of the form actually is. I’ll save you a click, it says “Statement of changes in beneficial ownership of securities”. Remember what beneficial ownership is? It’s how you own shares when they are not DRSed in your name. This is paperwork that is **required** by the SEC for insiders. + +Now, what about those shares held by RC himself? He bought those himself, they weren’t part of an employee compensation plan. Well, those are also “beneficially owned”. As you may know, there is a lot of paperwork that venture capital firms must fill out for the SEC. Here is [RC’s paperwork](https://fintel.io/doc/sec/1822844/000119380521000031/e620202_sc13da-gamestop.htm) showing his 9,001,000 shares of GameStop, and here's a relevant excerpt: + +[What does that say on the left there? Oh right, \\"beneficially owned\\".](https://preview.redd.it/mvgm3955lje81.png?width=1042&format=png&auto=webp&s=cfdfea175f722df4412be6cd1d335476676842a8) + +When an investor owns 5% or more of the shares in a company, a 13D is required ([some reading on that, if you're curious](https://www.investopedia.com/terms/s/schedule13d.asp)) and as you just saw in RC’s paperwork, the verbiage in a 13D form specifies beneficial ownership. + +Ryan Cohen can’t just up and DRS his shares. Neither can insiders. It's not that simple. Is there some kind of roundabout way around those rules? IDFK, I’m not a securities lawyer. What I do know is that they have certain paperwork that is required by the SEC, and all of that paperwork specifies beneficial ownership. + +So in conclusion, it’s true that the number of shares DRSed implies that RC and other insiders don’t have their shares DRSed. This isn’t because it’s a reflection of their opinion of DRSing shares, but rather just “how things are done” to comply with SEC paperwork and whatnot. Don’t let anyone FUD you with “if DRS is the way, why haven’t the insiders DRSed their shares?” because it’s not relevant to the conversation. You know what IS relevant to the conversation? ComputerShare has been getting so many calls that they added info online, and a dedicated GME number for international investors, and several brokers have also taken steps specifically to ease the impact these calls were having on their call centre queues. You know what else is relevant? DRS was important enough to be specifically mentioned in the [most recent 10Q](https://gamestop.gcs-web.com/node/19571/html) filed by GameStop for the first time. + +>As of October 30, 2021, 5.2 million shares of our Class A common stock were directly registered with our transfer agent, ComputerShare. + +**They see you.** + +You’re damn fucking right that total doesn’t include insiders. That’s apes, **be proud**! + +Alright, I’ve said my piece, I will continue to eagerly await GameStop’s next 10Q for an updated DRS total. DRS is the way. None of this is financial advice. I just like the stock. + +&#x200B; + +Edit: Removed an incorrect reference to family offices. + +💎🙌🦍♾🏊‍♀️ +Like it or not, the banks are here and they are not going anywhere. They will always be here, doing their job which is fine. + +As much as cryptocurrencies have an impact on people, and therefore on banks, it is the governments that will not allow banks to fail. + +There will always be people who will use the banks. + +But due to the influence and growth of cryptocurrencies, banks will have to change their way of business. + +They will have to improve the conditions for their clients, because people now have an alternative, and that alternative sounds good. There are already people who have most of their money in cryptocurrencies, but all of them leave some in the bank or in fiat in case something with crypto goes wrong. + +Banks have been deeply ingrained in our society and our system for a long time. + +It takes time to crypto do the same but it will happen. + +If banks are going to go to war with cryptocurrencies, let them go. We know very well that nothing can happen to them, and competitive and evolving financial system benefits us all. + +&#x200B; + The last 3 months have been the hardest to hold because that’s where the most uncertainty was but after these gruelling 3 months, the amount of brilliant and well researched dd has forged under extreme pressure, true diamond hands that the world has never seen. **People keep saying how it’ll be so hard when we squeeze to not sell but fuck that noise. Pffft 1k? 5? 10k? 100k? Really??** Anyone here from the first drop doesn’t even flinch because **we all know what the stock is worth**. I’ll be most relieved when we squeeze because I’ll know for sure it’s happening now and it will be the **EASIEST** and **ENJOYABLE** thing **I EVER DO IN MY LIFE** to sit back, have a sigh of relief, and see the numbers blow up to my xx,xxx,xxx floor while I play some games, go out, and chill. + +No one knows how high it will go but the data, metrics and sub will show how high we’re getting and I’ll sell when I see **LIFE CHANGING NUMBERS. Not 1m. That was last month. 10,000,000m+ easy.** If it doesn’t reach that high, I’ll wait till we **reach the peak with the given data and sell at and on my way down and still easily make more than 1m a share.** + +The best counter dd that shills have right now to PhD level dd and deep research in this sub is **“IF YOU DON’T SELL AT 1M, YOU’LL BE A BAG HOLDER”** Typical fear tactics but that’s **gotten old and boring.** Had they had any position or dd of actual worth, the brilliant minds in this group would have surely caught it and said, actually no it won’t work out because xyz and share a shitload of data too. Where’s their counter dd? **Why just fear tactics??** Because they’re truly in a fucked position with **no leverage.** Remember who they are. + +Just think, these guys have **BILLIONS** of dollars to manipulate and the **smartest people in the room** and the **BEST** that they have to combat the information and situation here is to not hold the bag when literally institutions could all sell (they won’t) and they would still have to buy retail’s share at our price several times over. So no, **we won’t be holding the bag unless you’re literally ignoring all the metrics and data and this sub (but why would you? You made it this far on data, you’d surely use it when the squeeze comes) or just completely miss out on the squeeze altogether by not watching it.** + +That confirms my bias so delightfully. If they had **any angle to get in,** I’m sure in the last 3 months, they really would have already found one. **They still haven’t.** They have near **unlimited resources** but it just shows me how much leverage we have in this special position. I don’t think anything like this will happen again and you’re mistaken if you think I’m going to miss this ONE opportunity to change my life and millions of others potentially. **My job is easiest thing I’ll ever do.** Relax, sit back, **do literally anything or nothing at all** and simply wait till I see a phone number and if **by chance it doesn’t reach as high as I expect, sell at the peak based on data and metrics and still make a HUGE fucking killing at the peak.** Feeling grateful to be a part of this with fellow apes. 😌 + +If you’re going to shill on my post, put some effort into it at the least and post some counter dd or data because that’s the bare minimum here. **Telling people their bag holders when you’re a literal fucking nobody just makes me laugh**. If that’s your position, **PROVE IT**. Otherwise you’re simply worse than those who only comment 10m,20m,50m,100m,500m floors because at least all those numbers are **BASED ON DATA**. But I doubt you will because you’re a dumb fuck shill who’s out of your depth and pay grade here. If **you were wrong about 100, 1000, 10,000, 100,000**, the fundamentals never changed. **2 + 2 will always equal 4**. **The same as 2m+2m will always equal 4m**. + +**APES NEVER LOSE BY AIMING FOR THE STARS AND AIMING HIGH**. But why do you think they FEEL SO THREATENED BY IT? **because we set the price and if enough of us want that and think we deserve it, we’ll surely get it**. THATS HOW WE EVEN REACHED 10,000,000 in the first place. Because we read the dd, the setup is there, **THIS WHOLE SITUATION IS “unbelievable” AND “unrealistic” YET WE’RE HERE.** + +Retail is getting more confident and realizing that what we have is worth tenfold more than gold. THATS WHY THEY’RE TRYING TO CREATE **FEAR, UNCERTAINTY, AND DOUBT ON PRICE** AND NOT **ANY OTHER METRIC IN THE DD**. BECAUSE **WE ULTIMATELY SET THE PRICE**. That’s why they get so incensed when people post 10,000,000, 20,000,000, 50,000,000 floor and call them out as unrealistic but **what’s unrealistic about this whole scenario**? **Hedges set themselves up for INFINITE LOSS.** They knew this going in. If anything, **THIS IS 100% REALISTIC BECAUSE THIS IS THE REALITY, WE’RE LITERALLY LIVING IT.** But they’ll use your n**egative bias** and **poor ness** to **convince you** otherwise. **That this is too good to be true.** But when has anyone in your life needed to convince you of that THIS HARD? The fact is you **don’t need to “believe” anything**. **THIS ISNT EVEN ABOUT FEELINGS.** The **data is there** and it’s been **continually proven over the last 3 months.** If you still can’t believe the reality we’re living right now in front of your eyes, **it’s because you believe you should stay poor or that you don’t deserve great things.** + +**WHETHER YOU BELIEVE YOU’LL BE RICH OR NOT, YOU’RE RIGHT** and your life will play out according to your beliefs. For most here that are a product of the first drop, I know you do believe. I know you’re hard fucking core for holding till now and you’ve earned your stripes. You know you deserve it and you’re going to get it come HELL OR HIGH WATER. This is probably more for newer users coming in. Either way, this boat is about to close and whoever paperhand only hurts themselves. **We have no obligation or need to worry about anyone new coming in because truthfully, you can lead a horse to water and they could never drink.** It’s not our job to convince you **BECAUSE IF YOU REALLY WANTED TO CHANGE YOUR FUCKING LIFE, YOU WOULD BE ABLE TO IDENTIFY THE OPPORTUNITY HERE. The information is all here for you.** + +If you think the data here is “unrealistic” when the **reality literally shows that it’s perfectly realistic because we’re living it right now**, if you can’t **believe the dd**, or the **fundamentals**, or **dfv**, or **RC** and the fact that the **WHOLE BOARD** is being **paid in shares** because they **BELIEVE**, or Short hedge funds fucking the world up like they did in 2008 again NOW and why they fucked themselves, than in a honesty sell or paperhand or don’t even get in this because **you deserve to be poor because you have a poor mentality and outlook on life and no one here, can change that besides YOU even when all the signs and information is staring you right in the face.** + +We’re all here because we believe in it and we want to be rich to say the least. And those **who believe it, will achieve it. No one here can convince you of anything unless you let them.** **Unless it falls in line with your beliefs.** It’s easy to **spot shills** because they’re **convincing you that you should lower your worth or goals.** When any **normal person** here gives **no fucks if you aim high**. In fact, they would be glad because that drives how high we actually do squeeze. No matter how far we get, aiming high has never been the WRONG thing to do in an infinity squeeze. People talk about holding the bag is all **fear, uncertainty, and doubt**. Hell, I’ll hold for **100m and aim for that peak** but that **DOESN’T MEAN IM GOING TO IGNORE THE DATA AND SENTIMENT AT THE PEAK. I’ll sell at the peak but I lose ABSOLUTELY NOTHING AIMING HIGH. Shills have EVERYTHING TO GAIN WITH YOU AIMING LOW**. + +We all know what happens in life when someone tells you that you can’t do something or you won’t be able to make it. The assholes in life. That’s who these people are and they’ve been **continually wrong about you and about “reality”.** What would you ever stand to gain from them? I’m going to keep my head down and keep going. **Because this is my life and my belief is stronger than their doubt** simply because the **information** is **absolutely in my favor**. I’m sure many of you had moments in your life where someone said that you wouldn’t ever do xyz and you did xyz and more and you were probably so relieved and thankful that you didn’t believe in them and just held on. This time, you have role models who believe just like you eg. DFV, and Ryan Cohen, Michael Burry. **These people waited years and BELIEVED IN THEMSELVES and were right .** + +**Now it’s your turn.** We’re all being tested just like them but at least for us, we have role models. **They didn’t have a community or a million army of brilliant minded apes which makes their resolve all the more impressive.** + +The fact is, **we’re all in this individually** and that means at the end of the day **with or without the dd,** you need to make a **simple decision** just like the brilliant individuals above who are **still winning and set to win big.** **Will you believe in yourself and hold** or believe in others who give no fucks about you and sell? **We’re all going to sell but at OUR PRICE**. **Know your worth**. **Know what you’re holding the most valuable thing in the world right now.** This is going to be **THE defining moment you look back on the rest of your life**, all numbers aside... just make sure you **don’t sell yourself short**. Either way, this **rocket takes off with or without you**. Godspeed. + +I’m real excited for these next few weeks. I can finally feel my anxiety starting to ease and feel less tense with all the new dd, updates and research coming up. As always, hold fast. We’re in the final stretch. **No matter how long it takes, the fundamentals never changed and the shorties are running out of time.** 🦍 🦧 +Tell us how long you’ve been working on your algo, how much you’ve lost or gained. + +Do you make a living off it or only side cash? + +Is your algo auto-trading? Or are you manually running the orders? + +Are you swing trading or day trading? + +Thanks, hope this helps some in this group, and gives everyone motivation. +I've derived no value other than a pair of glasses annually and the occasional dental clean, and cannot justify paying over $120 per month in health cover. Going to cancel cover, will the levy be more costly? What's everyone else doing? + +Here are the main points (highlights): + +* The investment bank, already has a $1,825 price target on Amazon. But the $1,900 is beyond what Goldman has previously said. + +* Analyst Heath Terry said he thinks Amazon's stock is undervalued and estimates are too low for the company's cloud and retail business. + +via CNBC (CNBC.com) +Link (Source): https://www.cnbc.com/2018/03/20/amazon-shares-could-easily-hit-1900-in-2018-goldman-sachs.html + +Note: Amazon will so likely become a $1T company this year after Apple. +About two weeks ago I was contacted and asked to offer security advice for a project. I was asked to sign an NDA in order to discuss the project itself, something I am reluctant to do, in general. Once I received the NDA however, it became obvious that the project was related to verifying the identity of Satoshi Nakamoto. I immediately declined the offer, declined to participate and declined to sign the NDA. + +I'm sure many people will think I was wrong to decline the "opportunity" to verify SN's identity. From my perspective, the request for me to verify his/her/their identity is in itself an appeal to authority. It is replacing public cryptographic proof with endorsement by a third party. If SN wants to "prove" their identity, they don't need an "authority" to do so. They can do it in a public, open manner. To ask people in the space who have a reputation to stake that reputation and vouch for SN's identity raises many red flags in my mind. + +I don't know if Craig Wright is SN. I don't care and I don't want to know. + +As I have expressed many times in the past, I think the identity of Satoshi Nakamoto does not matter. More importantly I think it serves to distract from the fact that bitcoin is not controlled by anyone and is not a system of Appeal-to-Authority. Identifying the creator only serves to feed the appeal-to-authority crowd, as if SN is some kind of infallible prophet, or has any say over bitcoin's future. + +Identity and authority are distractions from a system of mathematical proof that does not require trust. This is not a telenovela. Bitcoin is a neutral framework of trust that can bring financial empowerment to billions of people. It works because it doesn't depend on any authority. Not even Satoshi's. + +Back to work. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +~1300 more points, around 7% and we will have officially taken the title of worst monthly decline in American history since September of 1931 during The Great Depression. + +Hope everyone bought stock in $ROPE. +Fuck I hope it pays off. I've always felt Ford could be a good company and I invested at around $10. In the near term I think the chippy chip shortage is a drag but I have a lot of hope that their push to innovate and partner with EV companies pays off and they see shares move closer to $20. Im not in it for a moon landing but I believe they can be a good long haul + +Quick edit so I don't have to repeat comment: Fords management decisions on EV are what have me excited. I think it shows that they are trying to be more competitive than they have been the last 20years and shows intelligent movement that makes the stock at its current price much more desirable. If it were just GM or another car co I wouldn't really see it as significant + +Last Edit: thank you lovely folks for the awards that I don't really understand. If ever I've had imposter syndrome, it's getting an award for wholesomeness +https://www.theglobeandmail.com/amp/business/economy/article-fed-official-warns-covid-19-bankruptcies-could-trigger-a-financial/ + +St. Louis Federal Reserve Bank president James Bullard has warned that a growing number of bankruptcies due to the coronavirus outbreak could lead to a financial crisis, the Financial Times reported. + +“Without more granular risk management on the part of the health policy, we could get a wave of substantial bankruptcies and [that] could feed into a financial crisis,” Mr. Bullard said in an interview with the newspaper on Wednesday. + +He warned of “twists and turns” in the health crisis and said “it’s probably prudent to keep our lending facilities in place for now, even though it’s true that liquidity has improved dramatically in financial markets.” + +New U.S. COVID-19 cases rose by nearly 50,000 on Wednesday, according to a Reuters tally, marking the biggest one-day spike since the start of the pandemic. The surge in cases across the country, including the populous states of California, Florida and Texas, threaten the budding recovery. + +Mr. Bullard said that it is possible that the country could “take a turn for the worse at some point in the future,” but added that it was not his base case, according to the report. + +The Fed moved aggressively in March to support the U.S. economy by cutting rates to near zero, buying up trillions of dollars in bonds and launching a slate of emergency lending tools to keep credit flowing to households and businesses. + +The last of those programs was launched on Monday, which the Fed can use to buy newly minted corporate bonds. + +“With all these programs, the idea is to make sure the markets don’t freeze up entirely, because that’s what gets you into a financial crisis, when traders won’t trade the asset at any price,” Mr. Bullard added. +The point of his post is to show that, despite the high price of bitcoin, you can invest without buying a full bitcoin. + +Much like a dollar is divided into 100 cents, one bitcoin is divided into 100 million Satoshis. That means you can technically buy 0.00000001 bitcoin if you wanted to. **The value of one satoshi at the time of posting is $0.00048878**. Still sounds cheap to me. + +Finally, as a closing remark, a reminder to please not buy bitcoin on Robinhood, Paypal, or eToro. They do not allow you to keep your bitcoin, by moving it off their platform. Buy from an exchange where fees are lowest, and then move it to a non-custodial wallet, where you get a seed phrase and private key. + +My personal favourite is Exodus. + +Happy investing. +I bought my first house 13 months ago with the goal of living in it for a few years and converting it to a rental down the road. It’s in a hot rental market (I’ve seen rents coming in over asking) and I think it would easily cover mortgage + taxes + insurance as is today. + +Does anyone have any experience doing this? What’s the process like? Do I need to notify bank/insurance? What are some things I need to consider? I’m probably a few years away from wanting to do this, but still curious. Thanks +So let's say you don't have the capital to fund a deal at the moment and are saving up for it. What do you do with the money you are saving until you do save enough? Stocks? Mutual Funds? Savings account? +Maybe this is something I have such a closed-minded view on, because I work for a bank and many of our real estate investor clients have trouble qualifying for mortgages as they purchase new properties, so they end up paying cash. Our bank is conservative on counting rental income, so the individual would usually have to have a rather large liquid balance sheet to qualify. So my question is, how are successful investors getting financing? I imagine there's better options than hard money loans these days. I understand that after obtaining properties under your personal name, people tend to lean towards LLCs, but that's even harder to show income and verification of assets under an LLC versus a personal balance sheet. I'm sure I'm missing something. My fiance and I want to start picking up rental properties but the financing aspect is a little concerning. + +Thanks! +I have been looking at some historical economic data since the stock market has been having issues and I noticed that the chart for the stock market over time is much more volatile than the chart for GDP over time. My intuition tells me they should be much more closely related, but over the last couple decades the stock market looks incredibly volatile. + +&#x200B; + +Is my intuition wrong? Why is it more volatile? + +Why does it seem to get more volatile in the last couple of decades? + +&#x200B; + +&#x200B; + +[https://tradingeconomics.com/united-states/gdp](https://tradingeconomics.com/united-states/gdp) + +[https://tradingeconomics.com/united-states/stock-market](https://tradingeconomics.com/united-states/stock-market) +These economic concepts are some of the keystones of our understanding of the modern economy and are crucial in policy decisions. However, how are these concepts calculated and how do we know if we calculated them correctly? Hell, how do we even know that some of these concepts truly exist and that we are not "believing" them into existence? The Laffler Curve is simpler to answer since hypothetically the tax percentages can be adjusted for the sweet spot but do we know if there's only one optimum tax option? +When we talk about capitalism, socialism, etc. this is not the discussion about economics as such, right? Because capitalism is broader than just the economics. I don’t know, what do you think? +I was reading Varoufakis' idea on a New Bretton Woods, and wondering what others think about it. To access the article, you have to subscribe to project-syndicate.org (original article: https://www.project-syndicate.org/commentary/imagining-new-bretton-woods-by-yanis-varoufakis-2016-05), and are able to read it for free once doing so, so I put a plain text version on my site just for easier access (I don't have any links going TO this page, I just made the webpage for r/AskEconomics to view easier) + +https://inplainsight.xyz/brettonvaroufakis.html +Despite that USA is richer than most of Europe, why do we have expensive health care and college tuition and almost no vacation time? +Are our poor people richer than Europe's poor? +Do Europeans pay significantly higher taxes? +What are the trade offs? +I am a finance student in my last year of college. I need to choose between one of those classes to get my minor in Economics. Which one would you think adds more value to a degree? +For example, I'm moving in an appartement where the ex tenant is selling all her furniture. She want's to sell me this those night tables for 50$, I don't really have any use for it and told her I,m willing to take them for 20$ because of that even tho they might be worth more, it's as high as I'm willing to go for those table and on her side she says they are antiques and she's not willing to go under 40$. And I'm telling her I don't mind that they are antiques because they are not my style and i don't really need them. So what's the difference between our both percieved value of the tables called? Could i say the marginal utility of those table is lower for me than it is for her hence the reason why the trade doesn't occur? in other word what's the name of the difference between the subjective value of the seller and the buyer of the same item? +So I saw this link today on reddit: https://www.reddit.com/r/Documentaries/comments/8xfnf2/the_light_bulb_conspiracy_2010_extended_version/. I used to believe that companies did do things like this, until I took an economics class this past semester where the professor made a pretty strong case that it didn't make sense, and he even specifically called out the "light bulb conspiracy" (to be fair i have very little experience with economics and am not an econ major so pretty much any argument would have been convincing to me). + +His argument was that for a firm in a competitive market, a firm would make an improvement to a product if ∆C < ∆V, where C is their cost to produce it and V is the value consumers will pay. If the firm was a monopoly, the price it charges would increase, but ∆C < ∆V still holds. his basic conclusion to us was that quality doesn't decrease in a monopoly, i.e. companies won't make products of lower quality to get "repeated profits". + +Admittedly I haven't watched the documentary, but I was wondering if the general idea of a light bulb conpsiracy had any merit or if maybe my professor was wrong (which would be crazy to me). From what I read online when briefly researching, planned obsolescence does exist, but more in the sense that while it might be feasible to build a product lasting 50 yrs, it would be much more expensive so people prefer ones that become obsolete quicker. However, the "light bulb conspiracy" the documentary and my professor addressed seems to be about planned obsolescence in a more evil/conspiring kind of way. +1.Present technical analysts with various charts, ask them to predict their future. +2.See how well it lines up with actual history + + +Wouldn't such a test easily prove/disprove the legitimacy of technical analysis? +Hello, another SWE at FAANG here. Over the last few years, I have been able to invest very large amounts every year thanks to my fairly large TC (being single, insurance + food + commute covered work, roommates and not having any expensive hobbies resulted a high savings rate). This week,I have exceeded total $3M in invested stocks. The issue is that it's all in 4-5 tech stocks (Tesla, Apple, Amazon and my vested RSUs being the main ones). + +Lately I have been wanting to diversify. But if I sell now, I will have close to seven figure tax bill (fed and state of CA). Especially on Tesla stock I made nearly $850k in last few months alone. It will be subject to short term gains tax which is ~55% effective in CA state. + +This is kinda driving me crazy. This tax bill will be a significant percentage of my NW. Should I wait out a year and then sell (this will bring down the tax rate on Tesla to ~40%) + +Diversification is the right thing to do but is it still worth paying such a large tax bill? Also, tech stocks are still very bullish and I am also worried that selling now will be a lose lose situation - I will pay huge taxes and also lose out ongoing tech bull market. + +Please throw in some words of advice. Thanks, +I'm an unmarried 36 year old American with a low paying job. I'm stuck renting and living with roommates. I don't qualify for a home mortgage loan because of my low paying job and subpar credit score. With the current price of bitcoin, I could sell all of my bitcoin and afford to buy a nice small house where I live, and I like the area where I live. + +If you were in my position, would you sell your bitcoin to buy a house right now? Or would you wait 4 more years? + +I believe that the price of bitcoin will be a lot higher in 4 years. So if I wait 4 more years, I believe I will be able to afford a nicer house and still have some bitcoin left over to save, but then I will be 40 years old, and I would also be stuck renting and living with roommates until 2026... I'd hate to sell most of my bitcoin. But I'd love to own a house. + +I'm so conflicted. I hate living with roommates and I've always wanted to own a house, but I'd hate to sell most of my bitcoin for only $62,000 each. I feel like they should be worth more and I think they will be worth a lot more in the future. Please give me advice and help me make a decision. What do you think I should do? What would you do? + +Edit: I forgot to mention that I was convicted of felony drug possession a long while back. Being a convicted felon has really limited my potential job prospects and made it a lot more difficult for me when trying to find a place to rent. + +Thank you for your input everyone. I've decided to keep waiting. But if the price happens to reach $150k this bull run, I will go ahead and sell 1.5 BTC to buy a small condo, and then I probably will wait 8+ years before selling my condo and upgrading to a house. Otherwise I will wait 4 more years before selling some of my bitcoin to buy a house. +Alright guys. This is going to be long, but if you want actual DD, sit back and enjoy. NET is doing excellent, and will only continue to excel as it continues to grab market share and boom in the background. + +&#x200B; + +**---** + +**What is Cloudflare?** + +Cloudflare is going to make a leading player in next-generation computing. From their blog: [https://blog.cloudflare.com/rendering-react-on-the-edge-with-flareact-and-cloudflare-workers/](https://blog.cloudflare.com/rendering-react-on-the-edge-with-flareact-and-cloudflare-workers/). Excerpt: + +>“Imagine you’re the maintainer of a high-traffic media website, and your DNS is already hosted on Cloudflare. +> +>Page speed is critical. You need to get content to your audience as quickly as possible on every device. You also need to render ads in a speedy way to maintain a good user experience and make money to support your journalism...  you’re going to need to pay for some beefy servers to be able to handle spikes in traffic and respond to requests in a timely manner...Cloudflare Workers allow you to run your code on the edge quickly, efficiently and at scale. Instead of paying for a server to host your code, you can host it directly inside the datacenter” + +Seriously, this is cool, and it’s only beginning. Cloudflare is innovating every day. Their customers absolutely love them. As a software engineer, they have already have some products are there that are pretty cool like Cloudflare Pages and Cloudflare Workers. I think what’s going to help them into a powerhouse is this: + +&#x200B; + +>Over the coming months, we’ll be working on integrating Workers and Pages into a seamless experience. It’ll work the exact same way Pages does: just write your code, git push, and we’ll deploy it for you. The only difference is, it won’t just be your frontend, it’ll be your backend, too. And just to be clear: this is not just for stateless functions. With Workers KV and Durable Objects, we see a huge opportunity to really enable any web application to be built on this platform. + +Soon, developers will be able to make full-stack applications end-to-end using Cloudflare’s network. Cloudflare will handle all of the annoying stuff about development including hosting and deployment. And they’ll allow developers of all size to instantly scale their application across the entire United States, all while increasing developer productivity and satisfaction. + +If you’re not a developer, you probably didn’t understand most of that, but essentially, they’re making it so you can build entire applications using solely their infrastructure. This is actually genuinely cool, and will save the average developer tons of time and money. + +I can easily see how this propels their growth even faster than 50%. And if this thing inches up to 60-65% YoY as it expands it’s profitability... 🚀🚀🚀 + +(And even if it doesn’t, and stays at 50%, it will still 🚀 but slower. Regardless, it’s going up) + +&#x200B; + +\--- + +“BuT iT tAnKeD oN EaRnInGs” + +That drop is an absolute blessing to those who aren’t long. Plus it’s hardly a tank when it’s at ATHs if you exclude the one week in its history where it was higher + +Its earnings was good, and to those who haven’t read it, [do so](https://www.cloudflare.com/press-releases/2021/cloudflare-announces-fourth-quarter-and-fiscal-year-2020-financial-results/) besides relying on a stock’s immediate reaction. To the 90% who will completely ignore that sentence: + +>Revenue growth was 50% YOY which is consistent with the last 3 earnings + +&#x200B; + +Revenue right now is $125 million **per quarter** or $431 million for 2020. Doesn’t sound like much at first, but those of us know the power of compound interest knows how fast that number will be pumped. 5 years from now, that’s $1 billion a a quarter or 4 million a year. In 8 it will be $3 billion/quarter or 12 billion a year + +Yes, 5-8 years is a long time. This is a buy and hold stock. That’s why I’m long Jan 21 115c. + +The revenue and growth isn’t the impressive part. The margins are + +>GAAP gross profit was $96.9 million, or 76.9% gross margin, compared to $65.7 million, or 78.3%, in the fourth quarter of 2019. + +High 70s margins is absolutely incredible. And it's consistent quarter to quarter. That means once NET does reach profitability, they’re going to be **raking** in dough + +That being said, NET isn’t profitable yet, which is pretty much the only argument bears can muster (that and high valuation but more on that later). Keep in mind they’ve been screeching the same thing since 2019 and that hasn’t stopped it. But once profitability is out of the way, there’s nothing stopping it from being a $300 stock. Here’s why: + +\- Like I mentioned earlier, their losses are decreasing and if my hypothesis is correct, they will reach profitability by early ‘22 + +\- Currently 15% of the internet goes through Cloudflare’s network and that number is increasing. Literally, 1/6th of the entire internet infrastructure is worth $25 billion. In comparison, a bike company (PTON) is worth double that. + +\- Boomer companies who need to replace their shitty infrastructure will likely turn to Cloudflare due to their reliable secure networks with guaranteed security. Not to mention their prices are dirt-cheap compared to their competitors. + +&#x200B; + +—- + +**CONS** + +The only cons are people concerned with profitability (covered already) and evaluation (priced at 60x sales which tbf is absolutely outrageous). However I think this is still short-sighted. As long as the bull market remains intact (big IF, but I’m a bull so as long interest rates are 0), there’s no reason to believe the rocket rally will end. As we see with SHOP and TSLA, traditional valuations don’t matter if the product has a dream, vision, and story, which with Cloudflare’s “Build a Better Internet” shtick, I think it does. Especially because customers actually like their product and Cloudflare will continue to innovate and build upon Cloudflare’s already enormous Cloudflare network. + +This stock already got [multiple](https://www.thestreet.com/investing/cloudflare-drops-despite-multiple-price-target-upgrades) analysts upgrades. The drop was a blessing to those who aren’t in. Start investing in quality and innovation; $85/share is a whole lot less than $300 which is where they will be by 2025 (I want to say 2022, but I’m trying to be conservative here). + +Seriously, give this a second look. I’ve been playing NET since 37. It’s a shit stock that consolidates for months, then rockets 30% in a week. Earnings being great (and not excellent) is the only reason NET hasn’t done its 30% move. I’m completely assured that it will soon + +&#x200B; + +EDIT: Made a huge mistake in the first iteration. I implied Cloudflare makes only 130 million a year. They made that last quarter. Their 2020 revenue was almost half a billion ($431 million) + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +God the hours a killer, I woke up at 4am this morning and got home at 7pm, tomorrow I'm up at 3.30am to get to site by 6. + + +There are some upsides to be self employed, but the hour's ain't one of them. +Has anyone purchased an algo from someone and did it work as expected (within range)? +Did you purchase it outright or did you pay a monthly fee for it and how much was it? + +**Edit**: Follow up question - What would you pay per month for a strategy that proved to be consistent and profitable? +Just wondering if my workflow is flawed in some way or perhaps there are better ways. + +1. Come up with a theory about a particular pattern in group of assets +2. Code strategy to exploit that pattern +3. Test, modify and tune strategy until it works as expected in a single asset +4. Test the same strategy for out of sample performance and keep tweaking until it's good +5. Test and tune the same strategy on other assets in the same class until I get good group performance for out of sample data +6. Run my algo live + +This workflow ends up being quite intense and takes quite a long time to discover a viable strategy. I find myself running 100's if not 1000's of tests before I get something that seems promising. I've only really got one viable strategy out of this which has ok performance, not what I expected but not bad either so far. + +I've tried using optimization functions to tune parameters and speed things up but I feel like I just end up overfitting instead of generalizing +For all the noobs out there like me who just starting, here's a few things I've learned. + +I've been spending maybe 2-3 hours a day for the last 2 weeks working towards algotrading. + +What I've found is, I've spent 98% of my time just setting up the infrastructure to make it possible and only 2% of my time actually writing the algo. Some key things that are quite difficult to get right + +* Getting access to the data for backtesting and organising it correctly +* Writing the code that can take a strategy and apply it both in backtesting and real-time trading +* Writing code to visualize and validate backtest trades to better understand the shortcomings of the algo +* Backtesting can be painfully slow on a lot of data, especially when you are trying to optimize the parameters of your algo +* Ensuring that your code runs correctly and is bug-free + +From what I can see, the actual algo seems like the easy part. Granted there are tools out there to do all this for you but I never know whether they will be dependable long term. + +As for my actual algo right now it's so basic, but even with such a simple strategy, on backtests it seems to perform reasonably. +I think a lot of people here more do this as a hobby/side hustle, so I'd be willing to bet they aren't always at their trading machine (or use a cloud instance to begin with!). + +Those that do use some sort of solution, what do you do? + +\- Control Algorithms (I know some people make sure to approve the trades) + +\- Disable/Enable Algorithms + +\- Monitoring Alerts/Signals (Think a lot of us benefit from simply seeing whats going on). + +I've been dancing the around the idea of building a simple dashboard (probably with like python flask and basic html) but have been really dreading it. I have to imagine there has to be some sort of open source solution that exists. + +I've seen some people link into some of the various software trading tools (like MetaTrader) and use that as their GUI.. only difficulty with that is having it be mobile friendly +Hello everyone, + +I've been turning this idea over in my head and i'm not sure if i'm being an idiot. Granted, i'm in a very lucky position to even be questioning this in the first place. + +\* Sold previous bike for 2.1k + +\* Looking at new bike, £6.2k brand new, down to 4k on cycle to work + +\* monthly repayments of £344/month for 12 months + +\* Salary 27k, likely to increase this year + +\* About £26k savings, split between cash, S&S ISA, and LISA + +\* Living at home so no big monthly outgoings - may start renting this year + +\* Was considering saving for a flat in London but i've pretty much put that on the backburner considering i don't have nearly enough money/buying power for a mortgage at this stage + +My logic is, given that i've sold my bike for £2.1k, and the new bike after the cycle to work discount costs £4k, it's really only costing me 2k over the space of 12 months. At least that's my back of the envelope maths. + +Am I being a complete idiot even considering this? + +**\*\*Quick edit:** + +Lots of really helpful responses here, many thanks all. I'll go through and respond to messages shortly. To clear a few things up: + +* It'll most likely be bought through the Green Commute Initiative, not the Cycle to Work Scheme, which I believe has slightly different rules. The bike shop outlined that the GCI is preferable for all parties involved, though i'm not completely sure the reasoning for this. It does mean there's no 7% fee at the end of the hire scheme, so no balloon payment. More info [here](https://www.greencommuteinitiative.uk/employees/) for anyone also considering it. +* I was an avid cyclist, cyling c.250km a week for fun (ie., not to and from work), and would likely be using this bike the same amount. I don't think there's any incentive to ride the bike to and from work to qualify for the scheme. +* The bike would be stored inside, and insured, it would never be locked up outside. I wouldn't be using it to ride to and from work, instead i'd be riding it for pleasure outside of work hours. +* Yes, £6.2k before the discount is an absolutely astronimical amount of money - especially when you consider the price of a second hand car, which has much more engineering/R&D etc. +* Maintenance fees are negligible because I have all the tools/equipment, and can carry out maintenance work myself. +I have a working credit card but it's a largely cash society (Japan) and I just tried getting a cash advance on it with no luck. I can put the correct debit card on Google Pay, and use it digitally, but I can't use that at ATMs. I don't yet have a working phone so I was going to call the bank after I got a SIM card, but I am pretty sure they're gonna tell me I'm SOL. Is getting someone to mail me the correct card the best solution? Is there some other big adult way of getting cash? + +I have a short term emergency solution, borrowing cash from a friend, but will need it on my own sooner rather than later. + +Edit: thank you guys for the input. Going to call my bank when I'm able to again and ask if they can priority ship me a replacement overseas, if that doesn't work I'll see about getting a family member to global express ship it to me, and if THAT doesn't work I'll see what I can do about cash advance on my credit card. Three contingencies! + +Edit 2: I finally was able to get my phone working and was able to call Schwab, they are able to mail me a new debit card to Japan, priority! Thank you for all the comments and reassurances, I wasn't expecting a ton when I panic posted to Reddit. Pickle solved! +The farthest I have gone financially is to get myself a student debt and to open a savings account alongside my ‘regular’? Account... + +I know this is VERY BROAD a question but what are some very basic fundamental things someone should learn about finance? + +I ask this because I don’t really like how I’m ‘ignoring’ my student debt(minimum wage part time worker) and I haven’t got the slightest idea how anything works such as a mortgage or credit card/score + +Those are some quick examples off the top of my head, I know i am missing so much and now that I’m getting older I feel I should really step up my understanding. +https://www.wsj.com/articles/fidelity-is-latest-to-cut-online-trading-commissions-to-zero-11570680060 + + +Fidelity Investments eliminated trading commissions on its online brokerage, matching a step some of its biggest rivals unveiled last week. + +Beginning early Thursday, Fidelity stopped charging individual investors commissions on online trades of U.S. stocks, exchange-traded funds and options trades. For investment advisers, commissions will be cut to zero on Nov. 4. Fidelity’s online brokerage has 21.8 million accounts. + +Before Thursday’s move, Fidelity charged $4.95 for online stock trades. +A claim was denied twice for procedure I had and now I owe $2500 that I can't pay, and tried to call earlier today and was put on hold till they were closed and the phone hung up, called back and had to leave a message with the billing office that takes payments. + +One of my bills goes into collections on August 1st because I can't afford to keep paying every month and was told it should be fine to skip some months, but guess not. + +I also have a foot issue/limp and my appointment got pushed back another 2 months due to doctor being 'busy' that week with their week off. + +I just can't win, everything's going downhill. +Backstory, lived in an apartment for 3 years. Had some financial trouble while living there but in the end fixed them and moved to be way closer to the higher paying job and was right with money the last few months. The apartment complex was bought/sold 4 times while I lived there. The last company bought the property about 2 months before moving out. My GF and I were in the market to move but was not sure it would happen, so we were planning to stay when a last minute place opened up and we were able to move at least an hour traffic wise, closer to my job. We moved about 1.5 months before the lease was up. The entire time I was calling the office and no one was answering. They took the website down, never provided information on how to reach the new owners and closed the main office for construction for a while. So we moved and I kept trying to give them notice of moving. I had turned in Keys and everything before the lease date was up with my Apartment number on it. + +2 years goes by and not a call or email from the company that had my number and email on file. I get an email one day from Hunter Warfield stating I was in debt collection for 665 dollars to this previous company. I, of course, asked them to provide me information on this debt and they sent me a court case from a year prior collecting on me and evicting me. (GF wasn't on the lease). So I told them I am not aware that I was any part of this and that I would not be accepting this as a legit debt. However, in time, it has been put on my credit report. I have reported it to Transunion and Equifax but it has come back. + +It really isn't a lot of money in the long run and I would love to pay it as we are in the situation of looking to buy a house, but its almost not about the money. It is more about the eviction. I am willing to pay if the eviction can be taken off my record as that will look bad for future rentals or buying a house. Especially over what is less than a months rent. I payed the entirety of the lasts months rent before leaving and never even looked to get my deposit back as it was a special price and figure they would use it anyways without giving it back. + +I was wondering if anyone has been in this position before and maybe some advice on how I should handle this. I am capable of paying it off but I am more worried about the eviction. I am sure I could hire a lawyer to fight this but, I am sure it would cost way more to go that route. + +TLDR; Moved out of apartment last minute. No contact for 2 years. Get debt collection and eviction from apartment complex. What do I do? + +EDIT: I am tracking down the case and bringing it to a lawyer. Thank you for all the helpful people. +I grew up below the poverty line. Worked very hard, got myself out of the cycle. I'm now a well-educated adult pulling in six-figures a year. I have no debt (aside from a mortgage) and I max contributions to my employer's retirement offering. I have about $175k just sitting in a bank account earning me no interest and I add about $5k to that each month. I have intended to grow that money for years, but have . . . not. I seem to have investment paralysis. I know nothing about growing my money and I don't have any trusted life advisers I can talk to about it (because they don't know anything about growing money either, not because I don't have good people in my life). It's all very overwhelming for me. I don't know where to start. The idea of investing poorly and losing my money terrifies me as my biggest fear is ending up in poverty again. Can anybody provide any help or guidance? An easy to digest beginners guide? +Here’s a short list. Amazing what you’ll learn : + +The Psychology of Money by Morgan Housel, + +The Art of Investing: lessons from history’s greatest traders by John M Longo, + +How to achieve financial independence + retire early by JD Roth, + +Any book on, about or from Warren Buffet, this man had / has 80 years to invest in the market it’s no wonder he arrived at that wealth!!! ( remember it is time IN the market not timing the market). + +I have not read The Intelligent Investor but that’s in the que. + +Also in my family we do not consider buying books as an expense but rather investment. That’s the mindset y’all need to adopt for success +Hey, basically the title. I have had both a niece and nephew born this year and I want to surprise them when they turn 18. I’m only planning on putting aside a few hundred bucks a year per kid. What’s my best bet for getting a decent ROI for something like this? +Just announced, don't think there are any details yet as to if they will be dropping the payout from 80%. + +https://www.bbc.co.uk/news/business-52634759 + +Edit: taken from The Guardian: + +He says the scheme will be extended for four months, until the end of October. (It has been due to end at the end of June.) + +There will be no changes until the end of July. + +And in August, September and October will will continue with more flexibility. + +He says employers will be able to bring workers back part-time. (At the moment the scheme only subsidises workers who are not working at all.) + +He says the government will require employers to make a contribution. + +But he says employees will continue to get the same support they do now - 80% of wages. +I put a wardrobe for sale in Gumtree. + +Somebody wrote to me to buy it (a woman). Shedid not wanted to see it, just purchase it right away. +I told them to pay a deposit for it (quite high indeed) and she paid via bank transfer, with no issues. When asked for a contact number, she gave me the husband phone as "he will be collecting it". + +Now they sent me a message asking if I received the payment twice (which I didn't) because supposedly it shows twice in their bank, which sounds awfully as a scam. I answered that I have no double payments, and they never replied. + +Now I'm incredible paranoid.. Supposedly they will come tomorrow to get the wardrobe and pay in cash the rest, but dunno what to do! + +I contacted my bank to check with them if it could be a scam, they weren't helpful at all. +Good morning everyone. + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Large Cap Watchlist** + +* Gapping UP: MARA, RIOT, CAN, FDX, FSR, CRSR, PYPL +* Gapping DOWN: WKEY, SKLZ, PLUG, TKAT + +**Small Cap Watchlist** + +1. SOS: Gapping up on Bitcoin momentum, couldn't find another catalyst. Seeing good volume and price action in premarket. +2. SPCB: Gapping up after winning COVID compliance project with the Israeli government. Contract estimated to be $3 million per month, while the company previously had a $27 million market cap +3. SNES: Gapping up on a news catalyst. Seeing good volume in premarket, price action could improve a bit. Seems to have found support at 2.87-2.90 level, for now. Very low float, so this could see some volatile swings this morning. +4. MRKR: Gapping up but couldn't find a catalyst. They announced the closing of the public offering a few days ago. Seeing decent volume and price action in premarket. +5. SLGG: Gapping up on momentum from yesterday. I'd like to see volume and price action pick up a bit, but I'll be keeping an eye on this one today, daily chart is intriguing. +6. ZKIN: Gapping up on momentum from yesterday and the NFT hype. Seeing good volume in premarket, but currently showing some weakness in price action. I'll want to see a trend reversal before I consider trading it. + +We've seen some choppiness these past few days, and it's been a true kangaroo market. Stocks are looking at opening in the green this morning. SPY is trading just above 391, and we could be looking at movement in either direction today. I'll be watching UVXY to take advantage of any volatility we see. Bitcoin is seeing strength this morning, currently trading around 58,800. Bitcoin-related stocks are up in premarket, and should see a strong day if Bitcoin continues the momentum. Gold and silver both up at the moment, while oil is down. NFT hype has been a hot topic this week, so I'll be keeping an eye on some NFT-related stocks that we have seen pop up. Again, there is nothing wrong with taking a back seat for the day and not doing any trading. It's easy to get whipped around when we see these volatile intraday swings. I'll also be keeping an eye on GME today to see if anything interesting happens. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) +I live in Australia but still have investments in the UK so I follow both r/AusFinance and r/UKPersonalFinance, both of which are Personal Finance Subreddits. + +If you look in the AusFinance Subreddit it is full of wild speculation on the future of global markets. The top posts of the last week are almost exclusively commentary on the recent market volatility. Should I buy? Should I sell? People who had been preaching "time in the market is better than timing the market" selling their positions etc. The comments are full of arguments between bears and bulls. It's an absolute free-for-all, and very entertaining to watch. + +I come into UKPersonalFinance and the top post of the last week is discussing when it makes financial sense to start flying Business Class. There are a couple of posts asking what (if anything) investors should do differently but in general it's all been very sensible and business-as-usual. + +Just wanted to point this out and say that I really appreciate the calm and objective nature of this Subreddit. +As per the BBC news article this morning, Loughborough University claim the costs for a family with two children have risen by £400 to £4160 a month. That took me by surprise as whilst costs have risen for my family (two adults, two children, very close to their example age wise), not by anywhere near that much. + +To me, £4160 post-tax (and student loans) is a pretty large household income for two parents. Our budget is much less than that and I don’t feel we are missing out anything for our children (multiple holidays per year, day trips each weekend, all they need in clothes and toys). I’m trying to work out if I’m out of touch, being too tight with spending or if Loughborough Uni are making incorrect assumptions. + +Edit with links; + +https://www.bbc.co.uk/news/business-61501778 + +https://www.lboro.ac.uk/research/crsp/minimum-income-standard/ +https://www.cnbc.com/2019/09/16/weworks-on-again-off-again-ipo-delayed-again.html + +After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move. + +The move comes days after The We Company, WeWork’s parent company, announced sweeping corporate governance changes. + +SoftBank, WeWork’s biggest outside investor, was also reportedly pushing to shelve the IPO. +I've been waiting to make this post, for a long time. Given the current events, circumstances and community vibes I'm seeing. This is the time. + +This is not an exhaustive list, and there are hundreds more reasons I'm sure are not listed here. I encourage you to add more in the comments! + +&#x200B; + +1. Huge pile of cash +2. Growing AAA team of technical industry leaders +3. A streamlined fulfillment process rivals Amazon +4. Undergoing a historic company transformation +5. Growth and leadership into a massive revolutionary NFT industry +6. Low float +7. Millions of loyal shareholders +8. Shareholders willing to migrate, DRS, speak out +9. A community filled with really smart people, and some retards :) +10. Public IP recognition and value +11. Deep value, cyclical gaming exposure that really can't be had anywhere else DFV +12. Increasing and ever bullish media exposure +13. Industry leading market experts involvement in SuperStonk (Queen Ape, Big D Laurer, etc.) +14. A cult like status very similar to what we saw in Tesla early days +15. RC as chairman, speaks for itself +16. Matt Furlong as CEO, speaks for itself +17. Immutable X partnership +18. Loopring Partnership +19. A customer focused approach +20. Potential NFT dividend +21. Potential for dual marketplace/DEX +22. Expanding product offerings +23. Industry leading customer support +24. The poster child for market reform +25. A community willing to help others understand +26. Shareholders who genuinely give a shit about each other +27. Shareholders who HODL, almost all the paperhands are long gone +28. Shareholders willing to buy at any price +29. Membership loyalty program that is healthy and growing +30. Imminent marketplace launch +31. Imminent positive earnings cycles (Console cycle) +32. Very bullish job postings hiring constantly +33. Leaned down retail footprint focused on high sales locations +34. Exclusive deals, products and offers +35. Rebranding +36. Aggressive online retail ecomm expansion +37. Gaming is a recession proof industry +38. Potential Apple partnership +39. Potential and existing Microsoft partnership +40. An almost instantaneous feed of current company happenings (Almost nothing gets by us) +41. Major social media exposure daily +42. A crowdsourced and decentralized mindset both in company and community +43. The whole world is going meta, and you are first in a major player +44. Extremely competitive pricing in some cases best pricing +45. A community willing to organize for charity and good causes +46. 100M in share buyback potential +47. More eyes on this stock than almost any other stock +48. A company that understands and values it shareholders and community greatly +49. A growing list of high profile/celebrity endorsement/mentions +50. A very attractive stock price given all the above +51. Oops MOASS... My Bad (It's number 51, so I played by the rules, see what I did there?) + +So, even if MOASS never comes (It will) you can clearly see we have something truly special here both in company and community (they are one). If you ever feel like you are losing and getting fearful, I want you to remember these things that make GameStop a great investment regardless of MOASS. + +I HOLD FOR YOU, DO YOU HOLD FOR ME? Have a great weekend apes, take care of yourself, refresh, regroup, and keep being awesome to each other. +If I want to start a position in a stock I'm very bullish on, does it make more sense to sell ATM CSPs or should I just buy the stock outright and then sell OTM CCs. Thanks. +I know a number of short strangle traders take profits around 50%. Has anyone ever thought of taking profits on the individual legs at 50% and reestablishing their initial delta for that specific leg. It's as if one is adjusting early, before strikes are tested, but locking in some profit. Essentially widening out the breakeven on the tested side but narrowing strikes on the overall position. + +Example: -.16 delta Call side of strangle generated $1.50 in initial credit. Some time goes by and the call is now .75 ( and Delta is -.05). Take the profit and re-establish a -.16 delta call. +After a bit of time on this sub, I have seen a lot of talk about PMCCs. As a result, I wanted to share my thoughts and see what others had to say. + Many are familiar with the tactic, but for those that are not, here is TastyTrade’s definition: + +- Buy an in-the-money (ITM) call option in a longer-term expiration cycle +- Sell an out-of-the-money (OTM) call option in a near-term expiration cycle + +PMCC is a fancy name for a long call diagonal debit spread that gives the effect of a Covered Call (CC), with reduced risk and capital requirements. + +**Why PMCCs may not be for some** + +PMCCs, as defined above, are a bullish strategy and requires upward movement to make money. If you’re anything like me, you too are terrible at predicting stock movement, so this strategy may not be for you. Personally, I try to do strategies that allow for some slop in case the stock moves in an undesirable direction. + +**But wait, is there a way to allow for slop?** + +After having way too much free time on OptionsProfitCalculator, I find that writing your short position in-the-money, allows for some slop. Overall profit is reduced, but allows for the stock to slightly drop and still make money. Writing a call option ITM puts you at risk of being exercised, thus forcing the long position to close. + +**Protect your LEAP at all costs** + +I’ve heard a number of people say this. Why? How come you can’t just buy a new LEAP if it gets closed on assignment? + +**In Conclusion** + +This post was inspired to create discussion about PMCCs. I get the feeling that the way I execute a PMCC is not standard and am curious how other members play this strategy. Especially if people like to put their own twist on it. + +Edit: Correction to definition +I've been investing, trading, gambling for about 5 years now and I've done pretty much every rookie mistake there is. Sold winners from 2016 (Shop,Nvidia,AMD,Paypal) Lost fortunes on chasing that pennystock. Played and lost with trying to time the market, option trading. + +&#x200B; + +I've been very active during these years reading and learning and you be surprised how often people get sucked in to the same stuff you self did once. + +These are 8 guidelines that really helps me and that I've learn to appreciate over the years. + +&#x200B; + +**1.Don't FOMO** + +Yes we all heard it. You know that feeling when people are posting crazy gains on these new stocks, we all saw the EV hype. It's so so easy to get sucked in to thinking, if I just put in some money right now I can get 10-20-50% gains in a few days! It's already up 200% this month, surely it will keep going!? + +This takes some real patience to keep your head cool and realize it could very well be overbought and the downside risk is just a lot higher than potential. + +&#x200B; + +I've seen several sector hypes. We all remember the crypto bubble, the weed bubble and now lately the EV bubble. They all come and go and the more of these you been in from the start the easier it is to realize what's going on. + +&#x200B; + +**2. Cut your losers and let your winners run** + +Buying the dip is great when the market is down but if the fundamentals of the business is bad then usually this will just result in greater loss. On the flipside, if you have a few great picks and nothing fundamentally has changed and it keeps moving in the right direction then don't be afarid to keep adding. + +&#x200B; + +**3. When the overall market is down, you buy** + +No one can predict the market, don't waste time on it. When the overall market is down your stock is literally on sale. Usually every sector is down when the market is down, your stock and business has not changed one bit however, it's just a lower price now. + +&#x200B; + +**4. Don't be afraid of corrections.** + +Yeah it sucks seeing your portfolio down 20-30-40% but realize that stocks always go up, they seriously always do. Just keep your head down, keep buying and play that long game. + +**5. Small amounts can turn into big profits down the line** + +When you get really into investing you seriously start rethinking your life. That new OLED 77 inch? Only 2k right? What do you think that 2000 could be in 10 years? You just want to put every damn penny you got in the stock market because compounding interests are just too good to pass up. So just rethink if really need that new thing now or if it could wait. + +**6. If the company keeps growing, why sell?** + +Taking profit is good however not always the best thing to do. If the stock you have keeps growing and keeps crushing earnings. Why should you sell? Why just not keep it for years, it sure can be tempting but are you sure that money could be spent better elsewhere when it's easily growing in your winning stock. + +&#x200B; + +**7, Never regret that you didn't buy more** + + We all been here. Why the hell didn't I buy more of Amazon? Why didn't I just put my whole paycheck in this stock!? + +You can never do this. It won't lead to anything, you can't fix it and you honestly did the best decisions at the time with the information you had. Realize that at the time this was the best decision, ofcourse hindsight it looks like you could have done a better decision. + +&#x200B; + +**8. Don't sell and buy in again to time a correction** + +This is very hard and with the momentum some growth stocks have these days you might just end up loosing more of that profit even if there is a slight correction. Just keep the money in and stop worrying. +Today my partner and I went to bid in our first auction. We were hopeful. We’ve been in the market a few months and felt ready to tackle an auction after placing a few private offers. + +The range was 630k - 690k. + +We were happy to go to 710k. We felt confident. Finally a house we loved that was within our price range. + +The bidding begins and we are blown out of the water within 2 seconds flat. I’m not even kidding. “680! 700! 720! 740!” + +Just like that. We were out. Didn’t even get to throw a bid out there. Can’t even cross that off my bucket list. + +It sold for 835k - almost 200k over the reserve. Couples and families in the crowd were as shocked as we were. + +So I’m calling out to all FHBs that have been in the same situation but have since managed to find a house. What were your experiences like? In need of some hopeful/happy stories because this process is getting tiringgggggg! +Hi friends, we are inheriting roughly 350k from the passing of my FIL. My husband hates his job and would like to move into real estate full time. + +We currently own a SFR with two guest houses in So Cal. The tenants pay all but $600 towards the mortgage for our 4 bedroom house. + +We have a cabin in the mountains that we bought to fix and rent out but because of a burst pipe we’ve had to start over on much of the work, delaying our plans. + +Now we find out that we will inherit a lump of money and would like to be able to transition to real estate investing full time. + +We have experience in rehabbing as all 4 houses have been fixers. Would you start with a flip to build up that amount? Would you purchase an income property? More rental cabins in the mountains if each one could net you 10k per year? + +I would love some advice on how to spend this money wisely to further our real estate / world domination goals. :) +Background: Currently in the process of refinancing my mortgage and received an estimate of 3.375% that my current loan officer was not able to match. The best they could do was 3.75%. + +One of the things I see here is that relationships are heavily valued. My current LO works extremely hard and gets back to me ASAP even on weekends and weeknights. During my last refi, they helped monitor the rates, reached out without me asking, and let me know when was a great time to lock it in. They even checked up to see how life was going when the COVID madness started. + +LO with the better rate replies once a day and seemed in a rush when I called them. Definitely completely different vibe. + +Ultimately, the difference in rate results in about \~$200 per month saved. + +So the questions is... do I value the relationship or take the better deal and never look back? +My wife and I are considering real estate investing (mainly with the intent to rent the properties) as a method to build passive income and enable us to retire early. I'm trying to get a sense of just how passive it actually is. I know we have a ton of research to do and a lot to learn of course, but we have young kids and I don't want to be missing out on significant parts of their childhood due to dealing with tenant or maintenance issues. + +Could those of you currently in a similar situation give me an idea of how much time you actually spend per week on your investment properties? And is that number different now than when you first started out? +Question for consideration: + +If someone is making six figures in a steady corporate job, paying down debt from student loans, and renting - would it make sense for them to buy a cheap property to rent out as an investment before they buy a home for themselves? + +Are there pros and cons to this? + +Edit: what questions or considerations should be taken into account? + +Will reply back soon after reading input. Thank you! +Just got a rental under contract and only getting interest rates north of 7% with 25% down, low DTI ratio and stellar credit. My last rental in Jan 2020 is at 2.85% but the same broker is now quoting 7.125% for a similar property with not much changes in anything else. I know the rates have gone up but was hoping to lock in before another fed hike next week but is the market pricing it in already? I got multiple quotes and they’re not much different. +When calculating the repair costs, what seems minimal but is actually pretty expensive or complicated to fix properly? + +&#x200B; + +ex: changing a bathtub sure you could buy one for 300$ but... you will need to rip out the old one redo all the ceramic ect which can add up to thousands. + +&#x200B; + +maybe a warning post what an experienced investor will see and pass on a property, why you should too. + +what damage will you just pass on because of complicatedness to properly fix? +It is very simple and legal word play in my opinion. The same goes for real estate regarding a client vs a customer and what is owed to each. Long story short: Your brokerage ACC is a SELF Directing account which literally skirts and allows them to not provide protections to you. They provide "info and tech" for YOU to MAKE YOUR OWN decision. This on top of you not paying them to manage your portfolio is the kiss of death for Fiduciary duties. they owe you nothing UNLESS they mess up something with your account just like Amazon when there is an issue with some of the tech you used to make your order / shipping. + +&#x200B; + +Key info: + +Customer Vs Client + + Customer means a person who buys goods and services from the company. While the client refers to a person who looks for professional service from the business. + +&#x200B; + +A third difference in the client vs customer dispute is the matter of an agreement. + +The customer, as he makes an only one-time purchase, needs no formal agreement between him and the seller. + +Yet, the client engages in a long-term relationship that can be oftentimes hard to predict. Meaning, an agency or a firm may not be as relevant as it seemed to be at first. Thus, both sides need a formal agreement that will include things such as: + +* Quota +* Deadlines +* Responsibilities +* Expected results +* Projected results +* And more… + +[https://www.channels.app/blog/client-vs-customer#:\~:text=Customer%20means%20a%20person%20who,professional%20service%20from%20the%20business](https://www.channels.app/blog/client-vs-customer#:~:text=Customer%20means%20a%20person%20who,professional%20service%20from%20the%20business). + +&#x200B; + +TDA SELF DIRECTED BROKERAGE Acc (SDBA) Vid included: + +[https://www.tdainstitutional.com/self-directed-plan-services/self-directed-brokerage-accounts.html](https://www.tdainstitutional.com/self-directed-plan-services/self-directed-brokerage-accounts.html) + +Even Motly Fool: + +[https://www.fool.com/the-ascent/buying-stocks/articles/what-is-a-self-directed-brokerage-account/](https://www.fool.com/the-ascent/buying-stocks/articles/what-is-a-self-directed-brokerage-account/) + +&#x200B; + +Real Estate breakdown on Client/Customer + +[https://study.com/academy/lesson/differences-between-real-estate-customers-clients.html#:\~:text=A%20customer%20is%20anyone%20who,client%20in%20a%20legal%20transaction](https://study.com/academy/lesson/differences-between-real-estate-customers-clients.html#:~:text=A%20customer%20is%20anyone%20who,client%20in%20a%20legal%20transaction). + +&#x200B; + +SEC Investor Advisor Client Agreement + +[https://www.sec.gov/Archives/edgar/data/1409970/000119312514375401/d766811dex1025.htm](https://www.sec.gov/Archives/edgar/data/1409970/000119312514375401/d766811dex1025.htm) + +Wat is an Investor Advisory Agreement? + +[https://smartasset.com/financial-advisor/investment-advisory-agreement](https://smartasset.com/financial-advisor/investment-advisory-agreement) + +Sorry just wanted to share some info due to all the broker posts lately and fiduciary duties. Your broker owes you ziltch until they directly fuck you (settlements, fund transfers, drs transfers, unapproved access , ETC) + +&#x200B; + +I am not a legal ape nor a financial advisor however I did work in Real Estate and Finance for 12 years while also studying for my series 6/7/8 . I may have done a poor job of explaining so feel free to add + +&#x200B; + +It to me is layers to avoid the normal person seeing the fraud and robbery of rights. Add this to Cede and Co and what the meaning of DRS is and you have a fleecing system that is done through loopholes and is very hard to combat. + +TLDR: DRS because brokers are raw dogging you unless you are paying them for services which is a waste of money if you have learned anything from this ongoing shit show. + +Tldr im regarded: you cant sue TINDER for a bad date. You picked it. Same shiiiiiiiit here +Hello Reddit, +I passed my driving test yesterday and I’ve been looking at some cars particularly 1.0 litre hatchbacks. +When getting insurance quotes for these cars the cheapest I can find is £4800? + +I have 3 points from speeding on my motorbike a year ago and I have a claim which was my fault back in 2018. Therefore I can see why my insurance is so high. However I didn’t think it would be this high! + +My quotes are £5500-£6000 for third party only for a 1.0 litre corsa worth £3000. I’ve tried other similar cars and they’re all the same price quotes. +When I add my Father as a named driver the quote goes down to £4700-£5000 which is an improvement however I can only really afford to pay around £3500 per year. + +Does anybody know any insurers which can give good quotes for convicted drivers? Or any tips on how I can get these quotes lower? + +I understand it’s my own fault and stupidity for getting the points and claim etc however having passed my test yesterday I’m now thinking it was pointless. + +Thanks! +I have around £5k sitting in various accounts. + +£1.7k in a 2.5% interest Halifax account +£1.5k in 5% TSB +£2k in 5% Nationwide account + +Is there a better place I can keep this money for further growth. My TSB is maxed out and Nationwide is nearly there. Halifax has no limit but I can only put £250 a month into it. +I started late January with $100,000 with the goal to double it within six months. So far I have traded 35 days, and the account is currently at $122,700. + +The account was up as high as 72% before by a week of substantial losses. Each loss was a lesson, which I'll get into in this post. It's not easy to talk about failures, especially big ones, but I hope that the detail I provide here can help other traders be more successful. + +# SPY: Painful Prediction + +Looking at charts and the options chain, I made what I thought was a good prediction of where SPY would close on a Monday. I opened 200 put credit spreads in the last half hour of the trading day, only to watch the SPY sell right down through the strikes. I closed the spreads 5 minutes before market close for a loss of $15,607. This was the first major loss I'd taken since starting my 180 day goal, and it shook me. Apparently not enough, because the worst pain of the week was still ahead. + +*Lesson: You don't know what the market is going to do. Even if you were right before, it's cocky and dangerous to think you can predict anything.* + +# GME: Violent Volatility + +"March 10th Manipulation" of GameStop stock simply caught me off guard. Those who follow my posts know that GME has been a very profitable medium in my trading thus far. Even with the losses from that day, GME trades have netted over $44,000 in profits since January 29th. + +But I digress. + +I was in an active rubber banding position involving going long several hundred shares and selling covered calls against them at higher strikes. The price was steadily climbing towards $350 and profits were pouring in when GME abruptly plunged more than 51%, halting three times on the way down. + +&#x200B; + +https://preview.redd.it/wxccr20qn7o61.png?width=612&format=png&auto=webp&s=f0a6b9b9e745ecd1e4cd94f2b353385d26f6b261 + +Even with the high volatility of GME, I never expected this. And even though I could buy back the calls I sold for max profit, the drop in value in the stock I owned eclipsed the gains and when the dust cleared, I had $11,263 in losses. + +*Lesson: The market giveth, and the market taketh away. The same volatility that makes you money can vaporize it in a nuclear flash.* + +# FINV: Rocketship Short + +This massive process failure began as a hunt for overextended names later in the day. I love trading so much that sometimes even with gains in the bank, I still search for more opportunities, with sometimes tragic consequences. + +FINV came on my radar when it was at $7 a share. I set up a 1/4 position short order at $7.20, a previous pivot high. Sold 5000 shares short there, and bought back half of them at $7.10 for a quick profit. That's when trouble started. + +My exit strategy is to take profits on half the position and use that amount to absorb downside risk. So what I SHOULD have done is set the stop loss at a level that would have simply wiped out the gains if hit, along with an OCO order to take profits on the second half. But before I could, the second stage of the rocket ignited. You can see that in the chart below. + +&#x200B; + +https://preview.redd.it/73rviu8gn7o61.png?width=613&format=png&auto=webp&s=70278d573cc5d976172005f2a44db4aa3ecee73d + +Instead of setting the stop loss, I sold another 5000 shares at $7.47, and another 5000 shares at $8.04. I was convinced that the price wouldn't just keep going up. I was wrong. + +So I started hedging by selling calls as the price continued to climb and buying them back as it declined slightly. Overall the losses were lessened because of this, and I kept my maintenance margin in the safe zone. + +I stared at my screen as the red grew and grew and finally resigned myself to a massive loss 15 minutes before the markets closed. Sure, I could have held it overnight and hoped for a price decline the next day. But deep down, I really wanted myself to learn a lesson, the kind of lesson only huge losses can teach you. I exited the position at $9.84 for a net loss of $30,783. After hours, the price peaked at nearly $12, which would have led to a massive margin call and greatly increased my loss, so I made the right choice. Of course, Murphy's Law made sure the price declined to my exact average entry two days later. "It's a tough old world, Lloyd." + +*Lessons:* + +1. *Once max position has been reached,* ***set the stop****. Every. Damn. Time.* +2. *Only add to a position if you have solid levels based on multiple factors. (In this case I only had pivot highs and a "belief" that a decline was imminent. I also ignored several factors in my rush to enter the trade, like market cap, overall trend, industry performance, short interest, etc, which can all make it more risky to short a stock that has gone cuckoo parabolic.* + +# Conclusion + +Losses are a part of trading. Catastrophic losses don't have to be. + +Ending one week up 72% and the next week down 68% from there shakes you to your core. The same aggressive strategies that led to nearly 3% daily growth ultimately led to the decimation of almost 5 weeks of gains. + +So what next? Focus on the strategies that lead to smaller gains with consistent results. For me, that is technicals-based day trades based on the PPT methodology. + +This back-to-basics shift has brought the account back to goal level in just one week. The system works, the hard part is sticking to it! + +https://preview.redd.it/3tibyc58q7o61.png?width=1320&format=png&auto=webp&s=f3ed5317f67582ffaf533a0d607f00755ccd676f + +What are the most painful lessons you learned? Did they wipe you out, or have they contributed to making you a better and more successful trader? +We are closing on a significant (4+ m) personal residence that is not a recent build. In short, I’d like to secure the best homeowner warranty to cover as much as possible for the property. Most warranty policies are rated incredibly poorly and this niche seems a bit of a scam in general based on loopholes and exclusions discovered only at the time you need to file a claim. + +But I know my fellow FATs have likely found comprehensive, reputable home warranties for their properties - so please share your recs, suggestions. + +One of the biggest things I’m aiming for is the ability to use my own contractors for the work and not the ones pre-cleared by the company (and who are likely lower quality and looking to stay within the good graces of the warranty company vs. looking out for my interests). +Hi, wondering if any real estate investors here have any advice on umbrella policies. Our car insurer does not want to give us a quote given that we have more than ten rental properties under our names as individuals (not LLCs). Thanks in advance. +I have built a $1.5 million cash balance that I don't want to invest in the stock or bond market. I will be using this money to build my dream home but the process is 18 months for ground up construction. + +I am looking to take 0 price risk and the capital needs to be liquid. Accessible in 1 week. + +I was thinking of maybe creating multiple brokerage accounts to take advantage of the SIPC. + +[https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php](https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php) + +From their site: Client securities accounts at Interactive Brokers LLC are protected by the Securities Investor Protection Corporation ("SIPC") for a maximum coverage of $500,000 (with a cash sublimit of $250,000). In addition, Interactive Brokers LLC carries an excess SIPC policy with certain underwriters at Lloyd's of London,1 which extends the per account2 coverage by an additional $30 million (with a cash sublimit of $900,000), subject to an aggregate limit of $150 million. They pay 1.83%. + +I am married so 500k is covered via SPIC. + +My wealth manager at GS is recommending a CDARS that will yield 1.1%. + +EDIT: Looks like CIT Bank pays 1.9% with a 0.2% bonus for balances above $1 million. +Guten Morgen to this global band of Apes! 👋🦍 + +This is proving to be a very exciting month to be an Ape! Volatility is something that has always gotten me excited, purely because it often indicates that something big is coming up. I've lost count of the number of dips I've bought in the past few weeks, but am always appreciative for the chance to average down a bit. My hope is to know that I bought the final dip, whenever that day happens to come. + +While I don't have too much else to share today, I did rewatch [this video](https://www.youtube.com/watch?v=OChaTm0To1U) yesterday and would recommend that you do as well. It illuminates many of the behaviors we've seen from the SHFs over the past year, especially last week's AH price spike. Whatever their tactics, they are doomed to fail. The SHFs attacked GameStop in the hopes of driving it into bankruptcy, but GameStop withstood their attacks and is in an incredibly secure position. GameStop has a healthy business supported by passionate fans, an enormous amount of cash, an excellent leadership team, some of the best talent in the world, and is quietly preparing to revolutionize an industry. The SHFs have a short position against Diamantenhänded Apes, and the only thing keeping them afloat is the corrupt system that allows them to persist in their illegal activities. We will prevail. + +Today is Tuesday, January 11th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$130.28 / 115,11 €** *(volume: 2282)* +- 🟥 115 minutes in: $130.30 / 115,12 € *(volume: 2245)* +- 🟩 110 minutes in: $130.31 / 115,14 € *(volume: 2230)* +- 🟩 105 minutes in: $130.24 / 115,07 € *(volume: 2086)* +- 🟩 100 minutes in: $129.86 / 114,74 € *(volume: 2081)* +- 🟩 95 minutes in: $129.75 / 114,64 € *(volume: 1981)* +- 🟥 90 minutes in: $129.51 / 114,43 € *(volume: 1829)* +- 🟩 85 minutes in: $129.94 / 114,81 € *(volume: 1810)* +- 🟥 80 minutes in: $129.86 / 114,74 € *(volume: 1624)* +- 🟥 75 minutes in: $129.94 / 114,81 € *(volume: 1610)* +- 🟥 70 minutes in: $129.99 / 114,85 € *(volume: 1595)* +- 🟩 65 minutes in: $130.04 / 114,90 € *(volume: 1420)* +- ⬜ 60 minutes in: $129.99 / 114,85 € *(volume: 1376)* +- 🟩 55 minutes in: $129.99 / 114,85 € *(volume: 1367)* +- 🟩 50 minutes in: $129.97 / 114,84 € *(volume: 1348)* +- 🟥 45 minutes in: $129.94 / 114,81 € *(volume: 1101)* +- 🟥 40 minutes in: $130.00 / 114,86 € *(volume: 914)* +- 🟩 35 minutes in: $130.09 / 114,94 € *(volume: 912)* +- 🟩 30 minutes in: $130.07 / 114,92 € *(volume: 642)* +- 🟥 25 minutes in: $130.02 / 114,88 € *(volume: 642)* +- 🟩 20 minutes in: $130.06 / 114,91 € *(volume: 621)* +- ⬜ 15 minutes in: $129.96 / 114,83 € *(volume: 523)* +- 🟩 10 minutes in: $129.96 / 114,83 € *(volume: 523)* +- 🟥 5 minutes in: $129.89 / 114,76 € *(volume: 519)* +- 🟥 0 minutes in: $130.19 / 115,03 € *(volume: 339)* +- 🟥 US close price: $131.15 / 115,88 € *($130.51 / 115,31 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1318. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Guten Morgen to this global band of Apes! 👋🦍 + +This is proving to be a very exciting month to be an Ape! Volatility is something that has always gotten me excited, purely because it often indicates that something big is coming up. I've lost count of the number of dips I've bought in the past few weeks, but am always appreciative for the chance to average down a bit. My hope is to know that I bought the final dip, whenever that day happens to come. + +While I don't have too much else to share today, I did rewatch [this video](https://www.youtube.com/watch?v=OChaTm0To1U) yesterday and would recommend that you do as well. It illuminates many of the behaviors we've seen from the SHFs over the past year, especially last week's AH price spike. Whatever their tactics, they are doomed to fail. The SHFs attacked GameStop in the hopes of driving it into bankruptcy, but GameStop withstood their attacks and is in an incredibly secure position. GameStop has a healthy business supported by passionate fans, an enormous amount of cash, an excellent leadership team, some of the best talent in the world, and is quietly preparing to revolutionize an industry. The SHFs have a short position against Diamantenhänded Apes, and the only thing keeping them afloat is the corrupt system that allows them to persist in their illegal activities. We will prevail. + +Today is Tuesday, January 11th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$130.28 / 115,11 €** *(volume: 2282)* +- 🟥 115 minutes in: $130.30 / 115,12 € *(volume: 2245)* +- 🟩 110 minutes in: $130.31 / 115,14 € *(volume: 2230)* +- 🟩 105 minutes in: $130.24 / 115,07 € *(volume: 2086)* +- 🟩 100 minutes in: $129.86 / 114,74 € *(volume: 2081)* +- 🟩 95 minutes in: $129.75 / 114,64 € *(volume: 1981)* +- 🟥 90 minutes in: $129.51 / 114,43 € *(volume: 1829)* +- 🟩 85 minutes in: $129.94 / 114,81 € *(volume: 1810)* +- 🟥 80 minutes in: $129.86 / 114,74 € *(volume: 1624)* +- 🟥 75 minutes in: $129.94 / 114,81 € *(volume: 1610)* +- 🟥 70 minutes in: $129.99 / 114,85 € *(volume: 1595)* +- 🟩 65 minutes in: $130.04 / 114,90 € *(volume: 1420)* +- ⬜ 60 minutes in: $129.99 / 114,85 € *(volume: 1376)* +- 🟩 55 minutes in: $129.99 / 114,85 € *(volume: 1367)* +- 🟩 50 minutes in: $129.97 / 114,84 € *(volume: 1348)* +- 🟥 45 minutes in: $129.94 / 114,81 € *(volume: 1101)* +- 🟥 40 minutes in: $130.00 / 114,86 € *(volume: 914)* +- 🟩 35 minutes in: $130.09 / 114,94 € *(volume: 912)* +- 🟩 30 minutes in: $130.07 / 114,92 € *(volume: 642)* +- 🟥 25 minutes in: $130.02 / 114,88 € *(volume: 642)* +- 🟩 20 minutes in: $130.06 / 114,91 € *(volume: 621)* +- ⬜ 15 minutes in: $129.96 / 114,83 € *(volume: 523)* +- 🟩 10 minutes in: $129.96 / 114,83 € *(volume: 523)* +- 🟥 5 minutes in: $129.89 / 114,76 € *(volume: 519)* +- 🟥 0 minutes in: $130.19 / 115,03 € *(volume: 339)* +- 🟥 US close price: $131.15 / 115,88 € *($130.51 / 115,31 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1318. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I think this is the case because it will give no legal room for anyone to point to $GME as the cause/reason for a market crash. + +The market is already crashing (30%-50%+)? Of course it wasn't issuing the splividend that caused it. + +Super simple but I believe that's what they meant in their recent form saying "when it's best for investors while taking into account market conditions" (paraphrased that). +How much are real estate agents pulling in capital cities these days? If they’re making 1-2% of each property sale, they must be making more than lawyers and doctors. + +If this assumption holds true, how is it justified? Real estate commissions were established when property prices were $100k in the 90’s, not $2 million like today. RE agents would be the only profession to have had sustained wage growth over the last 20 years (again if the above assumption is correct). +I have 2 GME $50 call options with 7/16 exp. I paid $15.60 and they are now $152.75. +So in total I paid $3120 and now they are worth $30,550. +There is a lot of speculation that GME will go crazy high (like $1000+). Of course that very well may not happen, however if it did get up to say $1000, would it be better to exercise the contracts because they would be so far in the money at that point? Or would it be better to just hold the contracts and try to sell them? Thank you + +*Edit: I have more 15 more contracts that are making me bank, planning on selling half probably today : [GME options ](https://imgur.com/gallery/rSGtI0s) +The Zeppelin is paving it's way to greatness. + +In an exciting two weeks since launch, ZeppelinDAO has already achieved multiple milestones; + +- 66.000 holders strong +https://bscscan.com/token/0x2e291e1c9f85a86d0c58ae15621aac005a8b2ead + +- Listing on BitMart exchange (WhiteBit soon to come) + +- CoinMarketCap and CoinGecko listed +https://www.coingecko.com/en/coins/zeppelin-dao +https://coinmarketcap.com/currencies/zeppelin-dao/ + +- built a launchpad platform which just hit the net today + 👉🏽 (https://app.zeppelindao.com/) + +- giveaways to $ZEP holders (There is another one going on right now for 10.000$) +https://twitter.com/ZeppelinDao/status/1385272009538646024 + +The most exciting news about ZeppelinDAO has to be their launchpad platform, $FAMEZ was supposedly going to launch this friday but the $ZEP team was not satisfied with the efforts and quality the $FAMEZ team brought so the presale was cancelled. +https://twitter.com/ZeppelinDao/status/1385270341098901507 + +Alot of people would call this a huge fail, but all the $ZEP believers and myself included can only appreciate this move, seeing that the team only wants to launch and be associated with high quality, promising projects. + +The team is already reviewing multiple better candidates right now, which should be set to launch in 1-2 weeks. + +Seeing that there is a 10% transaction fee where 5% gets distributed over all $ZEP holders and 5% goes to the liquidity pool, I'd recommend getting yourself some leading up to the big announcements and earn 0.5 - 1% $ZEP everyday. + +Be sure to join the Telegram channel if you have more questions, we will gladly help you! + +All aboard the Zeppelin! + +Website - https://www.zeppelindao.com/ + +Telegram - https://t.me/zeppelindao + +Twitter - https://twitter.com/ZeppelinDao + +Buy on PancakeSwap - https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x2e291e1c9f85a86d0c58ae15621aac005a8b2ead + +Chart - https://poocoin.app/tokens/0x2e291e1c9f85a86d0c58ae15621aac005a8b2ead +My husband and I hit financial rock bottom a few years ago, and after a lot of struggle and stress we're doing much better now. I feel like I still have PTSD about financial situations, even though we can pay our bills and we're no longer in danger of losing our rental house. Any time an unexpected expense pops up or something ends up being more expensive that anticipated, I have to sit quietly for a while and remind myself that we're all right. + +So, even though we are indeed all right, I remember people who used those platitudes to try to cheer us up. Even now, if something surprises me financially and I'm having to go through my expenses and reassure myself that it's still all good, there sometimes is someone who tries to look on the Sunny Side and say, 'Money isn't everything!' + +When I hear those stupid sayings, my thinking is the same now as it was then: It may not be everything, but without it everything else suffers and I'm currently suffering. 'Money can't buy you happiness!' - No, but the ability to pay bills and not worry about how you're going to eat and where you're going to live certainly can influence how happy one is. 'The best things in life are free!' - Yes, my loving husband is truly valuable, but you know what else is worth a lot? Knowing that your life is stable. + +I was thinking about this because it's the time of year when one tends to talk to family and old friends one doesn't see often - except at the holidays - and when they ask, 'So how are you all doing these days?' and if you're honest you say, 'well, we're going through some financial troubles...' please know that if someone tries to make you feel better with a stupid saying - it's perfectly ok if you think they're full of crap. I even give you permission to tell them 'you know, you're full of crap,' if it makes you feel better and you don't mind losing that person for a while. + +Anyhow, enough of this PSA. And now we go back to your regularly scheduled Reddit feed. +California. Should I take the online lessons before the theory test or only the driving lessons after the learner's permit? I called a few insurance companies and they said I wouldn't get a discount, but I heard otherwise from anecdotes. Help me out. +"Nothing here is new.  Wall Street, the Federal Reserve, the megabanks, the SEC, Congress, Federal regulatory agencies, great corporate powers, and on and on, are all a part of the same thing, an inseparable mesh of interlocking interests whose fundamental reason for being is the control of all resources.  It is in the DNA of each of these streams of economic energy to claim as much as possible within their sector.  Rules and regulations cannot change it.  From time to time, what may appear to be regulatory enforcement, is mere window dressing, letting off steam so things won't blow.  After a momentary pause, it is back to business as usual.  The real mandate for all of it is, "Nothing must change".  And it is global.  As far as I can see the only effective changes that can be successful can only come at an individual and small collective level.  And therein lies our hope and our freedom.  We will save ourselves." + +-My dad. + +I love the fuck out out of him. + +BUY, DRS, HODL + + + +Edit: here is the post I sent him via email... + +https://www.reddit.com/r/Superstonk/comments/sgdk32/were_living_through_an_experiment_by_the_federal/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf + +Thanks to u/missing_the_point_ for ultimately giving me this experience with my dad. Much love !💕 +[Why earnings per share doesn't tell the full story](https://www.youtube.com/watch?v=jcbFh7Fdr_w) + +[How to calculate ROIC](https://www.youtube.com/watch?v=Uyczgn0YUr4) + +This metric is interesting in that it tells you how much money is being generated from invested capital in the business. A company like Apple is extraordinary in that this number is roughly 40%, meaning that cash flow is great and they're able to reinvest in the business and get something for it. + +Earnings per share is deceptive in that your EPS can grow each year but the reinvested funds aren't generating more returns. +So it’s only Tuesday- there is still 3 days to go- I don’t understand this. Do people really expect appl to not overcome 150 this much that a 3% OTM strike a week is just 11$ is premium? + +This is lower than SPY! + +Is the 150 ceiling really this big? +Infosys seems to have a kind of low interest loan program , with flexible repayment terms and salary deductions , would you consider this a good benefit over a high salary ? +2019 was pretty good to me. I have $200k to invest. I'm thinking of just putting it all into SWTSX or VTI index funds, since low expense ratio and wide diversification in the U.S. stock market. Main issue is we're at the top with DOW exceeding 29,000 this week, but I'm terrible at timing the market. + +1. Any thoughts on better investment vehicles at the moment than SWSTSX or VTI (what would you do with 200k if you aim to retire in next 10-15 years)? +2. Any thoughts on just buying all in right now vs dollar cost averaging $40k/mo for the next 6 months? + +NOTE: I'm the type that prefers to invest it and forget it, as opposed to micromanage my investments ongoing, which is partly why I'm choosing index funds vs a more diversified portfolio across large caps, small caps, international funds, fixed income/bonds, etc... but I could be talked into a more diversified approach if I could find someone I trust... if not I'm leaning towards just throwing it all in an index with a low expense ratio. + +THANK YOU FOR ANY SUGGESTIONS OR INSIGHTS. HAPPY 2020! +Firstly, yes I know I’m a dumbass. + +I come from a low income single parent household and I never really made or seen a lot of money in my life. All the money I’ve ever made from part time or summer full time jobs, I’ve spent on food, clothes, or miscellaneous electronics. As soon I turned 18, I got a credit card and maxed it out going dummy for a whole summer. It only had an $1000 limit and I used it all and only paid back about $100. I then lost my job and proceeded to use the rest and eventually stopped paying minimum payments to keep up with the debt. It eventually went into collections and I’ve been ignoring it for a really long time. I also ended up using my overdraft on my debit card and then eventually that went into collections too. I probably owe about $1600 for the credit card and about $560 for the bank account adding interest. I just turned 21 and it’s been collecting interest since 2017. + +Oh yeah, not to mention I’m prolly gonna graduate with about $30k of student debt. + +I’m headed into my last year of computer science after this semester and I’m set to make some real good money (around 65-80k before taxes). I also already have a job making about 23$ an hour for fifteen hours a week while I’m still in school, and I’m gonna be working full time making the same amount from May to August. + +I’m scared because I know I will not magically become fiscally responsible out of nowhere and soon I’ll just have way more money to fuck up. + +I’ve also been in a serious relationship for two years and wanna get married in the next three years, and my girlfriend will definitely have better credit than me and will be making a little less than what I’m making as she’s graduating this August. + +I’m also scared I will be the reason why we won’t be able to buy property, a nice car and everything else bad credit ruins. I don’t wanna get married with my finances all fucked up. + +I know y’all should roast me because this is beyond irresponsible. But I have questions and I need advice as well. + +1. How bad is this for my credit score realistically. I check every now and then and it hasn’t been going down a lot but it’s already on the lower side of fair in between 500-600.(I’m from Canada btw so idk if it differs elsewhere) + +2. How hard will it be to build my credit back up once I pay all this off? + +3. What’s the best/most effective way to build your credit? + +4. Given what I make now, what’s the best course of action for the next year after I pay off this debt (which I intend to do in the next two months)? + +Thanks for reading this far. I genuinely needa get my shit together ASAP and I would really appreciate some good advice. + +TL;DR - I have over $2k debt that’s been in collections for a while now, need to know how bad I fucked up, and how to repair my credit. +I bought a 2022 Subaru Outback about 6 months ago and quite like it. I paid a reasonable price and got a 6 year loan with a 4% interest rate. I have an unlimited lifetime warranty on the powertrain that’s surprisingly inclusive in what it covers. + +Is the smart thing (financially speaking) to keep it until it stops working? Or is it wise to trade it in at some point? For a little context, I’m married and we share the car. We’ll be getting a second vehicle at some point but the second vehicle can be and old beater because we’ll mostly use the Subaru. +So i made my first 100 bucks and my curious on +how to spend them. I dont to just spend all of my +money into material stuff, but instead i want to save +up/invest some of it. So my question is: How much +of it should i use to spend for random stuff i want to +buy myself and how much of it should i save for +investments. +Hi everyone, + +After years of lurking Reddit I've finally decided to join the community to share with everyone something that I've spent over 5 years and countless hours and updates to create for the purpose of tracking my daily spendings, recurring expenses and personal income. I wanted to get a strong grasp of my family's budget and spending habits so I started a google sheets file to track our daily expenses and income. The very first iteration was a simple google sheets file that we had to access every time I or my spouse made a purchase and we would have to spend at least an hour at the end of each month to reconcile all the expenses. Through several arguments and countless moments of frustration I came to realize that I couldn't expect my spouse to have the same level of attention to numerical details like myself. That inspired me to learn more about Google Sheets and some of its useful function to create this most recent iteration of our expense tracker. Now, all my spouse have to do is open the Google Forms link that is bookmarked to the home screen each time a transaction takes place and fill out the form and the sheet itself does the rest. No more arguments, no more reconciliation, just simple data entry via the attached Google Forms. Some features of our expense tracking sheet are: + +1. No need to make any edits to the actual Google Sheets (unless you want to personalize it with your own types of payments and categories)--- **all data entry is done via the attached Google Forms**. +2. A full dashboard view to show: your most recent transactions within the last 7 days, a trend graph to show your expenses, income and savings overtime and a top ten merchants that you frequent and how much you actually spend on it to help you realize where your money is going to +3. A summary sheet to show your running 12 months total by category with the current month highlighted for better focus +4. A "bills paid" checkbox to keep track of whether or not you've paid your current month's monthly bill +5. A "search" sheet to allow for you to find that specific item that you bought. + +Simply **Make a Copy (File --> Make a Copy)** of the file and start using it as is or change the categories to best fit how you would use it. I am happy to share this with everyone since it has been a passion project of mine for over 5 years. I have learned so much useful ways to use google sheets that it has been the most rewarding experience of this entire journey. That and being able to get my spouse involved in tracking our expenses in an easy and simple way. + +Link to the Google Sheet - [Every Penny Counts](https://docs.google.com/spreadsheets/d/1wG7DDOhsYcBPvHgsHlKIXllEH7QBl7PA_TGXAjSDuUs/edit#gid=38530307) + +Happy tracking! + +P.S. *Please do a test entry from the Google Forms at least once to make sure your copy links properly. I've done a couple of test runs and some copies does not link the Google Forms to the Google Sheet itself after completing one entry. If that happens, just delete the file and make another copy.* + +EDIT: I've added a READ ME sheet to the file. Read it first to get an idea of how to use the file. This is intended for personal use and you guys are welcome to make any edits to your copy however you see fit. Enjoy. +**What is APOLLO?** + +Apollo is a high-growth alternative asset manager. + +Our asset management business provides companies with innovative capital solutions and support to fund their growth and build stronger businesses. Our retirement services business, [**Athene**](https://www.athene.com/), provides a suite of retirement savings products to help clients achieve financial security. + +[https://www.apollo.com/](https://www.apollo.com/) + +https://preview.redd.it/pzaljctnh6j81.png?width=932&format=png&auto=webp&s=bef2f634cf4daa06e1928b2c9a568165a9ecec1c + +**Who Owns APOLLO?** + +https://preview.redd.it/qpsdxipth6j81.png?width=1402&format=png&auto=webp&s=0b8285f949e427e54a26afbab0a51b17b61d5ddc + +**LEON BLACK...** + +[Leon, Looks exactly like Ken here...](https://preview.redd.it/rpvq68uzh6j81.png?width=516&format=png&auto=webp&s=533a79ef8abd33cd07114db404bbe437b7167f1f) + +**Who Owns Yahoo Finance?** + +[https:\/\/www.nbcnews.com\/business\/business-news\/verizon-sells-yahoo-aol-businesses-apollo-5-billion-n1266132](https://preview.redd.it/guwzoyjbi6j81.png?width=582&format=png&auto=webp&s=a2e69ea63c20d44160b2b1444e3c47b0c406aced) + +Appollo paid $5BN for Yahoo Finance around May of 2021.... shortly after the baby sneeze and when the FUD really started.... **Did they Acquire Yahoo shortly after they removed the buy button as they knew a heavy market manipulation was needed to get apes off GME** + +https://preview.redd.it/q6ma8mnti6j81.png?width=700&format=png&auto=webp&s=6c59abdded0b71ffe12acce7d70e11e0a4953bb4 + +https://preview.redd.it/81xckla0j6j81.png?width=694&format=png&auto=webp&s=c5d9acd60151a19d486547c736b63717b3b07e07 + +https://preview.redd.it/v7ov72o5j6j81.png?width=696&format=png&auto=webp&s=0b4ce0e6351bd12a95795e5078107ded14e1c2ec + +https://preview.redd.it/i9sf4sl9j6j81.png?width=536&format=png&auto=webp&s=c42201b880e1ff8809eaa30eb248215f36e59287 + +&#x200B; + +**TL:DR = This is Speculation of mine - I Believe, that "Appollo" uses their "Private Company" set up... to push major FUD thru Yahoo Finance for shorts and co. Appollo is a big player the GME saga on the Short Side...** +Are there any redditors here who saw 30's market meltdown in USA? The [black Tuesday](http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929)? + +I just read Noam Chomsky [interview](http://www.truthdig.com/report/item/noam_chomsky_has_never_seen_anything_like_this_20100419/) and he said "Never Seen Anything Like This" and he remembers depression era and said "but in those times , we had hope". That's kinda shocking to read. + +So if this 2007-2009 market crash is blamed on Real-estate bubble and market derivatives trading (designed to fail and traded with pensioner's municipal bonds, retirement funds? and they getting away with it ?) what was the 30's crash credited on? what was the hope among people which made them believe they will recover from it? +Are there any redditors here who saw 30's market meltdown in USA? The [black Tuesday](http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929)? + +I just read Noam Chomsky [interview](http://www.truthdig.com/report/item/noam_chomsky_has_never_seen_anything_like_this_20100419/) and he said "Never Seen Anything Like This" and he remembers depression era and said "but in those times , we had hope". That's kinda shocking to read. + +So if this 2007-2009 market crash is blamed on Real-estate bubble and market derivatives trading (designed to fail and traded with pensioner's municipal bonds, retirement funds? and they getting away with it ?) what was the 30's crash credited on? what was the hope among people which made them believe they will recover from it? +[Link to article](https://www.thecut.com/2022/03/how-to-retire-by-30.html?utm_source=fb&utm_campaign=thecut&utm_medium=s1&fbclid=IwAR0ReJ1WwoD-RYHZJtK7BxXSbjLwi46xENblc_5Ca7vZRFR4nEslD2rBIx4) : What It Takes to Actually Retire by 30 + +>Long before TikTok, proponents of what’s called FIRE (Financial Independence, Retire Early) have pursued early retirement. But on the app, the movement built on aggressive saving, investment, and frugality has found a new audience — and come up with new strategies for piling up cash. + +The author of this article talks about FIRE community among the TikTok community. A quote I found interesting pulled from the article: + +>Gen Z could be uniquely primed to retire early — they get a personal-finance 101 class every time they scroll through social media, and according to a 2021 Goldman Sachs Asset Management [report](https://www.gsam.com/content/gsam/us/en/advisors/about-gsam/news-and-media/2021/Goldman_Sachs_Asset_Management_Retirement_Survey_and_Insights_Report_2021_Press_Release.html) on retirement, 25 percent of surveyed Gen-Zers plan on retiring before age 55, compared to 17 percent of millennials and just 8 percent of Gen X. + +&#x200B; +> “At the very the least, they can read the riot act to Musk’s lawyer,” said Stephen Crimmins, a former SEC enforcement lawyer who’s now a partner at Murphy & McGovern. “Beyond that, if they feel he hasn’t lived up to his deal, they can theoretically seek to pull the settlement.” + +https://www.bloomberg.com/news/articles/2018-10-04/unrepentant-musk-calls-sec-shortseller-enrichment-commission?srnd=premium +NewDay just announced (just got an email) wont carry on with its partnership with Amazon and its going to be replaced by Pulse, a new cashback rewards card. + +I dont think I´m going to "switch" to Pulse... I guess is time to look for another cashback card out there (not Amex). Any good cards going on out there? +Guten Tag to this global band of Apes! 👋🦍 + +This week was one of the most interesting in recent history, and it's not over yet! It started with the Citadel v. SEC case, wherein the Citadel arguments were thoroughly trounced by IEX's lawyer, Cate Stetson. Everyone knows that Citadel *preys* upon retail, but they were claiming to represent retail. She was having none of that, and skillfully jacked many a tit. + +Next, of course, is Ryan Cohen's latest tweet, which I take to symbolize the struggle that the institutional shorts have engaged in. They created a mountain of shorts, and are struggling daily to keep it from crushing them. Of course, with RC tweets there are dozens of interpretations, but any week with an RC tweet is quite the treat. + +The GameStop NFT clues in the source repository are plenty of confirmation of our suspicions, though the exact form of the implementation remains a mystery. How will GameStop revolutionize the retail industry with NFT technology? I believe that Ryan Cohen identified that if there is any consumer segment that is willing to be first to adopt crypto and NFT marketplaces, it is gamers. This is the vision behind his original investment in GameStop and his transformation of the company. Is there any other segment of consumer retail that would be better than GameStop's consumer base to launch an NFT marketplace? They have selected the segment *perfectly*. + +Today is Friday, October 29th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$181.18 / 156,29 €** *(volume: 1137)* +- 🟥 115 minutes in: $181.60 / 156,65 € *(volume: 1103)* +- 🟩 110 minutes in: $181.69 / 156,73 € *(volume: 1098)* +- 🟥 105 minutes in: $180.87 / 156,01 € *(volume: 623)* +- 🟥 100 minutes in: $181.04 / 156,16 € *(volume: 429)* +- 🟩 95 minutes in: $181.36 / 156,44 € *(volume: 332)* +- 🟩 90 minutes in: $179.89 / 155,18 € *(volume: 223)* +- ⬜ 85 minutes in: $179.87 / 155,15 € *(volume: 182)* +- 🟥 80 minutes in: $179.87 / 155,15 € *(volume: 174)* +- 🟥 75 minutes in: $179.92 / 155,20 € *(volume: 158)* +- 🟩 70 minutes in: $180.04 / 155,30 € *(volume: 153)* +- 🟥 65 minutes in: $179.98 / 155,25 € *(volume: 151)* +- 🟥 60 minutes in: $181.31 / 156,40 € *(volume: 139)* +- 🟩 55 minutes in: $181.33 / 156,41 € *(volume: 120)* +- ⬜ 50 minutes in: $181.16 / 156,26 € *(volume: 79)* +- 🟥 45 minutes in: $181.16 / 156,26 € *(volume: 74)* +- 🟥 40 minutes in: $181.17 / 156,28 € *(volume: 51)* +- 🟩 35 minutes in: $181.20 / 156,30 € *(volume: 51)* +- 🟩 30 minutes in: $181.17 / 156,28 € *(volume: 41)* +- 🟩 25 minutes in: $181.13 / 156,24 € *(volume: 39)* +- 🟩 20 minutes in: $181.11 / 156,22 € *(volume: 30)* +- 🟩 15 minutes in: $181.10 / 156,21 € *(volume: 28)* +- 🟩 10 minutes in: $181.05 / 156,18 € *(volume: 25)* +- 🟥 5 minutes in: $181.02 / 156,15 € *(volume: 25)* +- 🟥 0 minutes in: $181.11 / 156,22 € *(volume: 25)* +- 🟩 US close price: $182.85 / 157,72 € *($181.50 / 156,56 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1593. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I’m 23 and worry about money a lot. I never felt that I went without as a child but I did grow up in a single parent, low income household. Saving money has always come fairly naturally to me and I genuinely enjoy seeing my savings grow. I’m not aiming to be rich (going into teaching!) but I just really want to be comfortable. My main goal is buying a property, particularly so my mum doesn’t need to worry about the price of privately renting when she retires. I think a lot of my money worries stem from wanting to take care of those around me. I think about money so much and I’m constantly checking my bank accounts. The people around me have to keep reminding me to chill out and enjoy my youth because I was getting so het up about saving for a house. + +For reference, I have just under 13k in my H2B ISA and just under 3k in a different savings account. I’m happy with this amount but it doesn’t stop me from worrying. + +Any tips on how to worry less about my finances? I still enjoy myself but I feel like I’m borderline obsessed with tracking my spending and savings. +29Male here. Throwaway account for obvious reasons. Long time lurker. Just wanted to share my story with the group. Not a Tech Bro, or Bitcoin windfall, but have had a number of things go my way in terms of career progression/college. Feel free to ask on additional details if desired. + +Graduated in 2014. Decent GPA but science degree didn't yield many options/marketability in terms of job opportunities, like many I took a job I was completely overqualified for to get started. + +2014: First job Pay rate $12 per hour, annual comp (25K). During this time I was promoted 4 times in the first 13 Months. the first was after 2 Months, then again at 4, then at 7.5 then at 13. Definately wasnt happy/thrilled with where I started but kept pushing/learning/growing and this translated into strong career progression. Pay progression shown below: + +$12-15-18-21 (per hour) + +2015: 21 per hour annual \~49,000 + +2016: Wanted additional marketability and "job purpose/meaning" so applied to Master programs, got accepted. Then targeted a Job search around new employers that were known to have generous tuition reimbursement. Got a job offer for 55K base (60k total comp) with additional 10k per year tuition reimbursement. + +2017: Promotion. Offer was for 61K base, countered respectfully referencing data, offer was raised after management discussed with HR to 65K base (71K total comp) + +2018: Complete Masters degree. Promotion/job change to 71K base 78K total Comp. Company paid for 30K of 42K in masters degree cost. + +2019: Compensation was below data for role, respectfully asked for raise, was granted, increased to 78K base, 85K total comp. 4 months later someone in the elevated project role above me in the company left on a key program that I was on, this meant I was the sole/lead contact on this major program, Company promoted me into the role the person left on. Salary 81K total comp 89K. + +2020: Was not searching for a different job, was very happy with career progression, but was receiving headhunter messages on bout a bi-weekly or monthly basis. Participated in these for the interview experience. One of these ended up with very generous package (140K base and 190K total possible total Comp.) would have been a significant risk for me and total comp was not guaranteed, would have likely had lifestyle impact (negative). Accepted offer initially, but current company offered a counter, which I accepted. + +Countered salary (same company) 100k base 126K total Comp. + +2021: Promotion. 117K base, 147 total comp. + +During the period of time in question, lived pretty frugally, but not like a hermit. Ive had roommates almost the entire period of time in question. Along the way, I got married and my wife added 80k to our networth at the time. She is not currently working. We do not yet have kids. + +I always prioritized saving and investing first even when making 12 dollars an hour, but aside from keeping expenses low soo savings rate was high, I also kept pushing to drive more value for the organization and make sure these efforts were visible to the right people at the time. This has resulting in high savings rate \~80%, but also increasing income led to higher real dollars saved. I also self studied on investments and finanical independence (google,books and reddit,ect), and thats been a evolution/journey as Ive built to current knowledge/practices. From the begining I paid myself first, but a large shovel helps in the growth rate. The market returns are also an obvious benefit/luck. Ive also put in a lot of effort in terms of work hours, and also going to school while working. These efforts translated into the career growth. When I was promoted I would usually funnel most of the increase into savings and investments, but recently have allowed ourselves a little bit more flexibility on spending, I don't look as closely when grocery shopping anymore, and we enjoy good food/alcohol. I expect as the balance continues to grow we will continue to expand spending as we like nice things, but chose to go without during our 20's for most of our wants. + +We have seen an increase in the value of our home compared to when we bought it (\~130k). Part of this is due to the obvious current market explosion, and another portion is due to a lot of sweat equity in some major home improvements. the below networth progression was a bit slower in some periods to reflect Master degree costs and paying off car (car value not included in networth calculation). Clearly, biggest takeaway to me reflecting on this is that the earlier periods of time progress was slow, especially compared to now. My excel model told me this would be the case, but looking back its still striking just how different the pace is. My current excel model shows the acceleration will continue as networth increases and once wife is back to work in the next year or two. I expect to save/invest around 85k this year, with the remaining increase in networth coming from investment returns. I think this time next year we likely wont have crossed millionaire status, but will be around 900k, assuming a normal/average market year and not a market tanking year. Once my wife is working, we will likely increase our spending rate, but Im expecting we will be saving/investing over 100K once she is working again, atleast thats what I have in my model. I have an excel model/forcast where I have it showing my entire life in years (forcasting net worth) Ive used this file to play around with different scenarios to detemrine likely outcome spread in terms of networth with the various inputs. + +Networth over time (all are from mid year august): + +2014: 4,000 + +2015: 31,000- Investments, + +2016: 43,000- Investments, bought car, aggressive payments + +2017: 60,000- Investments/savings, paying off car, masters degree costs + +2018: 97,000- Investments/savings Masters degree costs + +2019: 375,000 (continued investments and joining of Wifes \~80K net worth). Bought house. + +2020: 467,000- additional savings/Investments. Home appreciation, investment returns. + +2021: 780,000.- additional savings/Investments. Home appreciation, investment returns. + +Just wanted to share, this group has been very inspiring to read/follow over the years, I've followed the sub almost my entire working journey, so just wanted to thank everyone for the good posts over the years and the inspiration to raise the bar on my financial goals. For those of you just starting out, look for all the ways to keep expenses low as possible, save/invest as much as you can, and look for ways to grow income, you will get to where you want to be with the right plan/mindset. +New username for this one.. +Well, I'm doing it. For better or worse. I'm all in. + +I just refi-ed my house, and putting my equity in BTC. I'm sure many of you will tell me that I'm nuts. Maybe you are right, but I think the math is pretty solid. + +I don't day trade. I buy and hold. Don't need a lambo and I don't expect to get rich overnight. Yes, I did my research. Yes, I diversified my investments. If this fails, it'll hurt but I won't be homeless. I'll just retire a little later. + +If it succeeds? Let's define success. I have lived in the same house for 20+ years. I bought a repo in a nice neighborhood for cheap and put a lot of sweat into it over the years, repairing and remodeling. I built of equity and worked hard to pay down the loan. In planning for retirement in a few years, I was reviewing my finances, and figured that the biggest investment in my life (my house) had a large amount of money just sitting there, as equity, not helping me get any closer to retirement. With mortgage interest rates near record lows and being one of the few tax deductions that I have, I thought, why not take advantage of this. + +A couple of years ago, I started dabbling in BTC and ETH. Through it's ups and downs, BTC has been the best performing investment that I have ever had. I'm not high on hopium. I just understand how Bitcoin solves the problem of low friction, cross-border financial transactions, big and small. I think there's some "there" there. + +So, I'm literally putting my money where my mouth is. If, BTC teaches $33k, my house is paid off. Success! If it reaches $115k, I'm retired. Success! But, if it only has a 4% annual return, it is still more than than it was earning before. Success. + +My horizon is 12 years. Will I reach my goal before then? I absolutely think so. With a halving in 2020 and 2024, I suspect I'll hit those numbers way sooner. If not, I'll have lots of stories to tell. + +I'm not suggesting that anyone follow my lead. You do you. But, this is the path I've chosen. + +I'm grateful for my wife, who has patiently listened to me ramble about hashing, halving and hodling. She finally, graciously, agreed to this plan. I hope that her trust is well placed. + +Not much more to say. My adventure begins now. I'll keep you all updated as we progress. I'm grateful for this current dip. + +Happy hodling! +I did it! You guys rock, follow the flowchart and it will lead you from debt and no savings to having lots. +I placed an offer on my first place, and it was accepted, £13,500 under the asking price. +the question is; once I am in and have all my bills sorted (on the Santander cashback account) where do I allocate my "free money"? + + +Look at Vanguard for low cost and see if I can beat the mortgage rates and pay off bigger chunks as I go, or something else? I would love to hear your thoughts.. +(slightly over excited!) +How important was your personal happiness in your job as you pursue fatFIRE? + +Wife and I have ~2M NW. We own a nice house, have limited debt, and just started our family. I work in Enterprise Software Sales and make $250-$400k/year. My company is remote, the benefits are good, and the job doesn’t have a ton of pressure. I’m able to spend a ton of time at home, with our newborn, work on hobbies, etc. Wife works in consulting and makes ~$200k. + +I’ve worked with my company for 5+ years. We’re on a 5 year path to IPO and most of my equity is vested. I consider jumping to a new company at times, just to get a change of pace. I don’t hate work at my current job but sometimes wonder if it would be best to get a different flavor of industry. + +Other side of me says - you’ve got a great gig that pays well, at a solid growing company. Why would you leave? Nobody micromanages me, and I still receive healthy equity bumps. + +Just curious from others on the path - would you ride this out for 5-7 more years or job hop? Or just milk it until the road comes to and end? +I went to do an ERC20 withdrawal. I was pissed about the fee being $8, but whatever, is what it is. + +Then I go and check the transaction on Etherscan, and it turns out binance set the gas price to **90gwei**. The network fee for the ERC20 transfer is going to be like $4. Network gas price right now is about 2 gwei. Completely unacceptable. + +I'm not using Binance until they get this straightened out. + +Edit: yeah I know binance isn't actually run by idiots, its just a little hyperbolic speech combined with frustration. +The following is a proposal to establish rules and guidelines for submitting ethtrader governance polls. The new rules would be as follows: + +&nbsp; + +**Note:** This document distinguishes between **General polls** and **Governance polls**. Governance polls are used to make binding changes to the rules of the sub and may be enforced by UI changes undertaken by Reddit devs or by moderator actions. For example, a Governance poll was used to [retain u/carlslarson as the first moderator](https://www.reddit.com/r/ethtrader/comments/9tm60s/governance_poll_i_am_first_moderator_at_your/). General polls are the default option in the poll creation ui while governance polls require selecting as such from a dropdown selector. + +&nbsp; + +**General Polls may**: + +- be created at any time by any user + +&nbsp; + +**Governance Polls must**: + +- be preceded by a Poll Proposal^1 post +- be selected as a "governance poll" in the Reddit UI (activates 'decision threshold' mechanism) +- have a minimun duration of **5 days** +- be tagged GOVERNANCE +- include [Governance Poll] in title +- be stickied if there is an available slot or linked to from pinned comment in the existing sticky, for poll duration +- have only options "Yes (some clarifying text allowed here)" and "No", and optionally "Abstain/Don't care" +- be passed when the donut weighted "Yes" is greater than "No" and when "Yes" also reaches the dynamic decision threshold (quorum that adapts to recent levels of participation) + +&nbsp; +&nbsp; + +**^1 Poll Proposal posts will be:** + +- active for **2 days** prior to commencing with the actual poll +- proposing non-biased wording for the poll text body and options +- linked to from a pinned comment in the daily +- receive sign-off to proceed by 2 moderators^2 OR achieve 2/3 majority in an override vote^3 +- include [Poll Proposal] in title + +&nbsp; +&nbsp; + +**^2 Moderator sign-off should ensure:** + +- impartial language is used in poll body and options texts +- that the poll is actionable +- a reasonable limit (2) to the number of concurrent governance polls + +&nbsp; +&nbsp; + +**^3 An override poll must:** + +- be a normal, non-governance, or "sentiment" poll +- include [Override Mod Sign-off] in title +- link to mod rejection statements +- have only options "Yes (override)" and "No", and optionally "Abstain/Don't care" +- achieve donut-weighted 2/3 majority "Yes" vs "No" +- have a minimum duration of 5 days +- linked to from a pinned comment in the daily + +[View Poll](https://www.reddit.com/poll/alqeso) +The following is a proposal to establish rules and guidelines for submitting ethtrader governance polls. The new rules would be as follows: + +&nbsp; + +**Note:** This document distinguishes between **General polls** and **Governance polls**. Governance polls are used to make binding changes to the rules of the sub and may be enforced by UI changes undertaken by Reddit devs or by moderator actions. For example, a Governance poll was used to [retain u/carlslarson as the first moderator](https://www.reddit.com/r/ethtrader/comments/9tm60s/governance_poll_i_am_first_moderator_at_your/). General polls are the default option in the poll creation ui while governance polls require selecting as such from a dropdown selector. + +&nbsp; + +**General Polls may**: + +- be created at any time by any user + +&nbsp; + +**Governance Polls must**: + +- be preceded by a Poll Proposal^1 post +- be selected as a "governance poll" in the Reddit UI (activates 'decision threshold' mechanism) +- have a minimun duration of **5 days** +- be tagged GOVERNANCE +- include [Governance Poll] in title +- be stickied if there is an available slot or linked to from pinned comment in the existing sticky, for poll duration +- have only options "Yes (some clarifying text allowed here)" and "No", and optionally "Abstain/Don't care" +- be passed when the donut weighted "Yes" is greater than "No" and when "Yes" also reaches the dynamic decision threshold (quorum that adapts to recent levels of participation) + +&nbsp; +&nbsp; + +**^1 Poll Proposal posts will be:** + +- active for **2 days** prior to commencing with the actual poll +- proposing non-biased wording for the poll text body and options +- linked to from a pinned comment in the daily +- receive sign-off to proceed by 2 moderators^2 OR achieve 2/3 majority in an override vote^3 +- include [Poll Proposal] in title + +&nbsp; +&nbsp; + +**^2 Moderator sign-off should ensure:** + +- impartial language is used in poll body and options texts +- that the poll is actionable +- a reasonable limit (2) to the number of concurrent governance polls + +&nbsp; +&nbsp; + +**^3 An override poll must:** + +- be a normal, non-governance, or "sentiment" poll +- include [Override Mod Sign-off] in title +- link to mod rejection statements +- have only options "Yes (override)" and "No", and optionally "Abstain/Don't care" +- achieve donut-weighted 2/3 majority "Yes" vs "No" +- have a minimum duration of 5 days +- linked to from a pinned comment in the daily + +[View Poll](https://www.reddit.com/poll/alqeso) +There has been a lot of skepticism regarding Statera (STA) and we can finally put all those to rest. The Audit report is in and is now available for anyone to view. + + [https://medium.com/@stateraproject/statera-audit-8d4cb94e9b32](https://medium.com/@stateraproject/statera-audit-8d4cb94e9b32) + +I hope this settles all the baseless FUDs and finally appreciate the project. +Guys, after long profiting and good times im selling what i have, its been a difficult year of personal stuff and my parents recently divorced after long(im 20)and it was very tough for me, i always wanted to buy a car but recently my aunt got diagnosed with breast cancer and i decided to pay hospital bills with the earnings from bitcoin, its been a wild ride i hope someday i return to crypto, now i should focus on studying(psychology), all the best wishes for you guys. +All love❤️ +Buying the s&p-500 index using tons of leverage? I mean, the s&p-500 have returned around 7-10% the last 100 year or something. If I invest a 1000$ using 100x leverage and the market goes up 10% then I make a 100-1000% return on my money per year. In order to protect myself I could just use trailing stop losses or investing just 10% of my capital so even if the market dipped 9% I will still survive until it recovers. Is this idea stupid or genius? the s&p-500 is up like 250% from the last crash. + +Hi /r/forex! This is my first time posting a thread on reddit so please be kind if I break any unwritten rules. + +I recently received a job offer as a junior trader in a seemingly new forex prop trading firm in my country and would like opinions on whether this is a good deal. For benchmark, a fresh college graduate usually earn about $3000/month. The living expenses including rent is about $1600/month. + +- The base pay for the first 3 months is $1000/month. +- The first month is solely training. On the second and third month, I will be trading on a live account. +- The monthly profit target to hit during the second and third month is $2300/month. +- The commission pay is 35% of the excess of the profit target. +- The capital given is $10,000. I'm not sure what the leverage ratio is. +- If I hit the target for the first three months, I will be promoted to a trader with a higher base pay of $2800, a higher capital and also a higher profit target. +- If I can't hit the target for the first three months, I will lose the job. + +Edit: I forgot to mention that I would be personally liable for any loss beyond 20% of the capital. + +What do you think? Is $2300/month target from $10,000 capital realistic? I have no prior experience in forex so to me, 23% monthly return seems unachievable. +# Warning: Bearish DD + +So I made some DD recently, but I don't dare post it on WSB (they will call me a permabear and a fag) so I thought what the hell, I will post it to r/stonkmarket. + +For the past nine years, the equities market has seen one of the best percent gains since the Bull Market of 1948-1969. Corporate taxes are low, GDP growth is strong, and joblessness well below the Natural Rate of Unemployment (NRU). + +However, quite a few ratios, economic data, and past performances are pointing to the conclusion that this bull market is close to its conclusion. For all data, I will be using the S&P 500 Index. Sorry Dow Jones and Nasdaq. Nobody loves you (well I love Nasdaq fuck Dow). + +**Buffet Indicator** + +Not to be confused with the Buffet Rule, the Buffet Indicator compares the Total Market Capitalization (Market Cap) of the stock market divided by the Total GDP. + +|Ratio = Total Market Cap / GDP|Valuation| +|:-|:-| +|Ratio < 50%|Significantly Undervalued| +|50% < Ratio < 75%|Modestly Undervalued| +|75% < Ratio < 90%|Fair Valued| +|90% < Ratio < 115%|Modestly Overvalued| +|Ratio > 115%|Significantly Overvalued| + +As of 8/1/18, the Total Market Cap is 142.8% more than the total GDP. This indicates a significantly overvalued market. In 2000, one of the most notorious bubbles, the total market capped topped out at 148.5% of GDP. The 2009 lead up, had a top valuation of 110.7%. For the past 20 years, the market has reacted to an overvalued market by returning to a “Fairly Valued” TMC to GDP ratio. After the tech bubble burst, the market went from a high of 148.5% to a low of 75.2%, a decrease of almost half. With the current market approaching former tech bubble numbers, a bear market does not seem far off. + +**Buffet Indicator Graphs** + +(images aren't allowed in r/stockmarket)? alright I guess ill imgur it but boo. + +[https://imgur.com/D9rxwUe](https://imgur.com/D9rxwUe) + +The past 50 years of the Buffet Indicator. Notice 2000 and 2008. + +[https://imgur.com/E8AteXj](https://imgur.com/E8AteXj) + +29.3 Trillion in Total Market Cap vs. 20.4 Trillion in GDP. + +**Shiller P/E Ratio** + +The Shiller P/E Ratio is a better measure of valuation than normal P/E. It accounts for the fluctuations of inflation due to the business cycle, therefore providing a more accurate picture of the true value of the security. Thankfully, there is a plethora of data surrounding the Shiller P/E ratio, all the way back to 1890. + +Shiller P/E Ratio over the past 120\~ Years. + +[https://imgur.com/bpsHBQ1](https://imgur.com/bpsHBQ1) + +The grey bars mark U.S Recessions. Note 1929, 2001, and 2008. + +MEAN: 16.9 (We are currently 53% above the mean, indicating an overvalued market.) + +MIN: 4.78 (DEC 1920) + +MAX: 44.19 (Dec 1999) + +RANGE: 39.41 + +**Price To Sales (Revenue) Ratio** + +The Price to Sales Ratio (PSR), like the P/E ratio, is a way of measuring value. Instead of comparing a company’s price to earnings, it compares a company’s stock price to its revenues. + +|Price/Revenue Per Share|PSR Valuation| +|:-|:-| +|PSR= 0-1|Undervalued| +|PSR= 1-2|Fairly Valued| +|PSR= 2-3|Overvalued| +|PSR= 3+|Significantly Overvalued| + +The current for the S&P500 is 2.23, and at the height of the tech bubble, 2.44, indicating overvaluation. The chart below shows that until the late 90s, P/S never topped 1.3. + +S&P500 Price to Sales 1955-2006 + +[https://imgur.com/QbfwTTI](https://imgur.com/QbfwTTI) + +S&P 500 by Deciles 1986-Present + +[https://imgur.com/a/vgHvy3j](https://imgur.com/a/vgHvy3j) + +The graph above shows the S&P grouped into deciles (each of ten equal groups into which a population can be divided according to the distribution of values of a particular variable (in this case Price to Sales Ratio)). Decile 10 shows that extreme speculation, especially in 2000, is centered on a fraction of stocks; in case of 2000 those stocks were tech. Currently, with the exception of Decile 10, the S&P is the most overvalued it has ever been. + +**Yield Curve** + +Now we move away from the fun world of ratios and into the world of monetary policy. The Yield Curve is the curve of maturity and interest rates. It is a crucial market sentiment indicator about the future of the economy. + +The normal yield curve shows that the shorter the maturity, the lower the yield. + +[https://imgur.com/FLrnWJ4](https://imgur.com/FLrnWJ4) + +The flat yield curve indicates a transition from an expansion to a downturn. Shorter maturities have the same yields as the + +longer maturities. + +[https://imgur.com/55oabKn](https://imgur.com/55oabKn) + +The Inverted Yield Curve is a strong indicator of coming recession. Shorter maturities have higher yields than longer maturities. + +[https://imgur.com/IqJsAOL](https://imgur.com/IqJsAOL) + +We are currently in a flat yield curve. + +**Bull Exhaustion** Bull exhaustion, a rapid rise in stock followed by a tail off called an exhaustion gap. Bull exhaustion is common during the peak of the bull market, and is a indication of a slowdown. This can be clearly seen in the correction in early February. + +[https://imgur.com/b853lLx](https://imgur.com/b853lLx) + +The failure of the market to recover to its previous high (it has been 6 months, and the S&P hasn't recovered fully yet), combined with the low volume over the past few months, shows clear symptoms of Bull exhaustion. + +**Dow Theory (the Public)** + +Dow Theory is an one hundred year old theory about the stock market written by Charles H. Dow (the Dow in Dow Jones). While some of it isn’t relevant anymore (the reliance of railroads indicating trends) a lot of it still is relevant. The “Market Trends” part of Dow Theory is still particular relevant, especially in the realm of behavioral economics. Dow Theory states that there are three trends to the bull/bear cycle. + +1. Accumulation Phase + +a. In the beginning of the bull market “In the know” investors with a long-term outlook, and buy and hold. + +2. Public Participation Phase + +a. The Public and amateur investors join into the market. The uptrend becomes more obvious. + +3. Distribution Phase + +a. The final stage of the bull market. The “in the know” investors cash out, amateurs continue to join. Rampant speculation ensues. The market enters a downtrend. One of the trends I can definitely see today is the speculating public. Amateur “investors” through apps like Robinhood can now easily speculate with options and margin. + +[https://imgur.com/pCIZCMl](https://imgur.com/pCIZCMl) + +I believe we are in either late Public Participation Phase, or very early Distribution phase. + +Anyway. Draw your own conclusions. This is my first DD. Feedback and criticism is welcome. + +# TL;DR + +Sell everything, the stonk market is gonna crash /s + +Edit: will consider posting to wsb, but I won’t be surprised if I get yeeted on. +A few weeks ago I made a post asking about LISA/Pension advice and it was overwhelmingly in favour of the pension. Turns out my contributions had been set to 0% for the first 2 months, so took the advice and I maxed their matching offer! + +£125 or 8% from me (well more like £100 as saved on the tax) + +£128 from them at 8.4% + +£253 in the pot! + +I'm sure 57 year old me (well probably older let's be honest) will be thanking you lot! + +&#x200B; + +Now to contribute this to this months ISA...see that's the fun bit for me. Cheers +Okay, rant time sorry. I’ve just been watching a couple of videos on YouTube while catching up on some basic work admin that doesn’t require attention. I won’t name names, but I’ve seen this add before of a guy advertising the “trader lifestyle” while he sits by a pool in Thailand or visits the arctic or whatever. He advertises himself as a former “top professional trader” but basically makes his money from selling a course. + +Obviously highly suspicious and likely a scam, but out of interest, I ran a search for him on the FCA register to see if he has ever held any regulated position for handling client money etc. Nope, nothing. + +Widened the search to Google generally and after ignoring the 5 adds that popped up for this guys course, literally the FIRST RESULT was a forum discussion from 2017 where people were talking about how this guy was a total fraud, his course was utter rubbish and confirming he had never even worked in an investment bank or anything. Page after page, story after story, search result after search result. + +How is this still being allowed to happen and why are people still giving this idiot their hard earned money? Why is Google allowing scammers to advertise and what is the FCA doing? + +And let’s be clear, it’s not like it’s just this one guy. Feel like I can’t even watch an interview with Jack Bogle or Terry Smith without being bombarded with adds for “super AI algo-trading pure alpha course” or some such rubbish. + +Update: irony of ironies, the algos seem to have picked up on this post and now literally every video I open starts with one of his adds. It’s like living in an episode of Black Mirror. +I've seen several posts over the last few months with people creating a scanner for options trades. They tend to follow the pattern of "start with the universal of all stocks and filter down based on price, IV, etc." + +While I find certain broad market scans useful, I have had more success starting with a set of underlying names and then finding the best opportunities with those names. + +One trade I do use quite a bit, consistent with the thetagang thought process, is the cash secured put. I usually keep a "go to" list of names I'd be willing to sell puts in, and then I use a variety of criteria to select the actual strike and expiration and determine when I actually put on the position. + +I'm planning to share at least a subset of what I think are good candidates and am looking for feedback on format/information/etc. people would be interested in. + +I trade part time, so for me having a list is easiest, so I can work my way down the list and place trades during a lunch break: + +[Sample Put sale ideas](https://preview.redd.it/u9cxtkml6yt51.png?width=704&format=png&auto=webp&s=45326c6f75915ae7b9b2d5faea81248f10d6379b) + +\[Insert this is just a sample, not official recommendations, do your due diligence, etc. disclaimer here\] + +I list the full option on the left, the midpoint price, the annualized yield, and the average daily decay (linear, nothing fancy), along with the delta and underlying price. + +Questions: + +1. Do people have interest in a small curated list of cash secured put ideas? +2. Is there specific information that folks would want to see in addition to the above? +3. Is there a better format than a simple table? I could get ridiculously fancy with write-ups and fancy charts for each trade, but... that takes time, so I'm at least starting with an MVP approach. + +Comments: + +1. I'll be expanding the capability for my own use first (filter on earnings, build in more of my personal criteria, adding spreads, etc.) and will roll out more features in the future. +2. This is not an approach to filter on all optionable underlyings. This means that my list will not always contain your favorite symbols. I will happily take recommendations on additional underlyings, but parts of my trade selection process are manual and I have limited bandwidth (see previous comment about being a part time trader) and I may not be able to add it to the list right away. +3. Yes, this will be free content. + +I put a **test** page up so people can play with a **test** set of ideas I started putting together today: + +[https://optionsalary.com/trade-idea-exp](https://optionsalary.com/trade-idea-exp) + +The trades aren't fully filtered (you'll see multiple ideas for each ticker), but it should give you an idea so you can play with it. + +Appreciate any and all feedback. +As Europoor (French) I didn't have a US bank account, but since I have access to my CS account, I want to buy directly my new GME shares with CS. + +When the fields show up, I wonder "WTF is a *Routing Number* or *Account Number ?*" + +After some research I have found some information without so much details regarding something named Wise. + +I hope this guide could help Apes. + +Go to [https://wise.com/fr/borderless/usd-account](https://wise.com/fr/borderless/usd-account) + +Open a Wise account + +[Open account in USD](https://preview.redd.it/q90ypq7bjsl81.png?width=595&format=png&auto=webp&s=d4f54fa8448a24ad33de3c3f6bfd157768126bef) + +Register your information + +Go to"Manage" + +[Manage](https://preview.redd.it/wjd155mvjsl81.png?width=238&format=png&auto=webp&s=8cb3df583dd4e7ecef1ebc2bb9f39955d4d7b399) + +Go to "Account details" + +[Account details](https://preview.redd.it/0e6wupzyjsl81.png?width=498&format=png&auto=webp&s=d0a8f8c7a061d91feda817180bc333a53a12e28d) + + Go to "US dollar" + +&#x200B; + +[US dollar](https://preview.redd.it/p00ffgq4ksl81.png?width=556&format=png&auto=webp&s=240409c111396809061af2f80e0b15d2d6a46883) + +Fill your card details + +You have to wait few days, in order to Wise to receive the money. + +Go to Accounts => "Euro" + +[Euro](https://preview.redd.it/53hijuyyksl81.png?width=241&format=png&auto=webp&s=eaec993add6bea993f3c9bb98dcfc51ffae2e902) + +Go to "Convert" + +[Convert](https://preview.redd.it/ojnlqne4lsl81.png?width=492&format=png&auto=webp&s=948312e0b668f37a98043b457d34e2dff97b3605) + +Fill the desired amount + +[Convert](https://preview.redd.it/8jeoyhrelsl81.png?width=523&format=png&auto=webp&s=1a06504a587924b328878472963c5fee23d6bd4e) + +&#x200B; + +[Convert](https://preview.redd.it/8qijg0ihlsl81.png?width=572&format=png&auto=webp&s=0787b4fc7fa99e8e64e5aa82129b8e8d5f2e77f6) + +Go to"Manage" + +[Manage](https://preview.redd.it/wjd155mvjsl81.png?width=238&format=png&auto=webp&s=8cb3df583dd4e7ecef1ebc2bb9f39955d4d7b399) + +Go to "Account details" + +[Account details](https://preview.redd.it/0e6wupzyjsl81.png?width=498&format=png&auto=webp&s=d0a8f8c7a061d91feda817180bc333a53a12e28d) + + Go to "US dollar" + +&#x200B; + +[US dollar](https://preview.redd.it/p00ffgq4ksl81.png?width=556&format=png&auto=webp&s=240409c111396809061af2f80e0b15d2d6a46883) + +You have now access to your personal "Routing number" and "Account number", Account type "Checking" + +You are now able to fill the fields on CS + +As you know DRS is our ONLY weapon against the Financial Terrorists, we have for remove the shares from DTCC in order to reduce the SHF amo to do there fuckery. + +As always : + +Continue to transfer, every share count. The float have to be locked up, 100% DRS, no more shity broker and see you to the moon. If we want to change the system, we have to be the change. + +With love +Taking on the old chestnut, often-cited here, that "we see wealth generally disappear within three generations". [Here](https://voxeu.org/article/intergenerational-mobility-us) is a pretty detailed study on inter-generational wealth/earnings transmission between generations, in the US, 1980-2010. + +&#x200B; + +EDIT NOTE: earnings here includes capital earnings. + +&#x200B; + +Takeaways: + +* in the fatFIRE bracket, your children's earnings are \~50% due to your own earnings (correlation, not causation, yes IK), your grandchildren about \~25%; lower income has a more persistent deleterious impact on children's earnings. +* persistence is decreasing over the last 30 years, looks like \~10% decrease on average (so now it's probably \~45% for your kids and 20% for your grandkids) +* something like half of the persistence is due to educational attainment + +&#x200B; + +Moral of the story, if you want your kids to do well encourage them to pursue educational opportunities. That + earning above the median household income is about as good as you can do to set them up for success (statistically). +When I was 17 I started dealing drugs because I found no logical way (in my teen mind) to make money and have all the cool things I wanted. I eventually got caught by my parents (twice), and the law (once). Since then my record has been expunged and nobody knows about it (not even my parents). I was always broke. Never had more than 500 dollars in my bank account. + +At age 19 I got in a wreck on the way to buy some drugs (I had over 3k in my pocket) and I got hit driving through a green light. I got a settlement for 30 thousand dollars, and spent over a week in the hospital with a ruptured spleen. I nearly died, laying there in the hospital bed screaming and being pumped full of drugs that weren't working while my mom clutched my hand crying thinking this may be the last day she sees her son. + +Since then, i've stopped. I put my money from the lawyer into a puppy (whom I absolutely love to death), and the rest in my bank for college, and the rest I put into ethereum. I was fortunate enough to find this technology last year around december. Since then, ethereum has given me a new life and countless opportunities to do something better with myself. I quit everything drug wise, i don't even have friends who do drugs anymore. I now have better friends I can talk about crypto, stocks, and finances with and whom are healthy that contribute to a better lifestyle. I can now afford my dream car that i've always mentally masturbated to since I was 13 years old. I can now finish the rest of my college without any federal or private student loan debt. I can now buy my dad the 1976 corvette he had back when he was in high school because he's been struggling with work and it's the least I can do to show gratitude for doing the best he could while I was growing up. + +My family has always had money as the wedge that separated us and caused many of our problems. Thanks to ethereum, the technology behind it, and what you people have done, you have changed me and my family's life in ways that I could never have imagined. I am now no longer looking over my shoulder, worrying about if I will make it when I finish college, or have a burden of being enslaved by debt for the rest of my life. Thanks to ethereum, I now have a better life laid out for me and an endless opportunity to achieve my dreams I never thought would be possible. + +So i'd like to say thank you. To Vitalik, the developers all across the world working on this evolutionary technology, and the community who kept me grounded with a firm belief of what was, and still is yet to come. You've changed my life in ways I could never be grateful enough for, and i'm sure there are hundreds of thousands of others just like me that haven't spoken up. Thank you to everyone, and keep doing what you are doing no matter how many speedbumps come along the way because whether you believe it consciously or not, you are truly making this world a much, much better place. +Guys, we got lucky. We have a way to stop the attacker. It's not ideal, but it's better than the alternative. + +The alternative is to let a Mt.Gox-scale disaster forever define Ethereum's early history. Make no mistake, the Mt.Gox disaster _still_ affects the way many people view Bitcoin. It's part of the narrative. + +If we fork, we still learn all the lessons. But we get rid of the narrative that Ethereum's early history was defined by a massive theft. Nobody wants to be associated with that stuff. + +Yes, there are downsides to forking. But when people look back 3-5 years from now, what will they remember? They'll barely remember the fork. A massive theft, on the other hand, will never really fade from memory. + +As someone else suggested, our software is in beta, but so is the community. We put too much trust in the DAO code, and the lessons learned will be evident in the next round of innovation. Next time around, the bar will be higher. + +I say, let's fork it and move forward! +For example, a high level chemical engineer can make fantastic money in an oil refinery, however as the world becomes greener, this might not be the case. + +Which jobs spring to mind? + +*edit: wasn’t trying to make this a debate about climate change or the importance of oil. Just used it as an example. Relax people* +Sad enough that those people succeeded in dividing the army of apes. But let’s try to turn this into something productive and focus on the core here, i.e relevant information sharing and meaningful DD and leave all the fun stuff, pictures, memes, 1 gazillion is my new floor stuff etc at r/GME. Thanks and let’s the trip continue to a successful end 💎🚀 +Sad enough that those people succeeded in dividing the army of apes. But let’s try to turn this into something productive and focus on the core here, i.e relevant information sharing and meaningful DD and leave all the fun stuff, pictures, memes, 1 gazillion is my new floor stuff etc at r/GME. Thanks and let’s the trip continue to a successful end 💎🚀 +Hi, + +This might be the dumbest question I've asked yet, but here goes: + +If my intent is to dollar-cost-average, let's say $1000 every month into a given stock (or mutual fund, or ETF, or whatever) for forseeable future (let's say 5 years or more), is there an "optimal" way to do this? + +For example, the "simplest" way would be to just dump it in on the first Monday (or whatever) of each month... + +(... and I know I could further diversify the cost "dilution" or "diversification" effect further by breaking it up into smaller (say 4 \* $250) chunks and buying every single Monday...) + +... but what I mean by "optimize" is instead buying on fixed / random days, buy ONLY after some trigger event, such as only on days immediately following 2 consecutive days of negative performance of that stock (or mutual fund / ETF / etc...) - OR some variation of this logic... + +At first, this sounds like betting on black at the roulette table only after seeing a string of reds, but if I'm bullish on the stock long term (positive slope), and it has historically shown more days of positive returns than negative returns (so right-ward skew from a probability perspective, I guess?), then can't it be said (mathematically) that you can do "better" than simply dumping it in on random days each month...? + +Thank you a million in advance, and once again, apologies if this is the dumbest question you've ready today + +EDIT: Was completely failing to account for the opportunity cost of "missing" those green days while waiting for the red days. I was far too focused on trying to optimize the outcome of "the day after my investment". Thank you all! + +PS - I still would like to know if "the day after" can be optimized given upward slope and right skew, but that might be a question for a math subreddit +The wife and I have lived and continue to live very frugally. She makes decent coin and I have some solid passive income plus a recent little inheritance gift that takes the pressure off in case of an emergency. It's not a fortune but we could easily live for a couple of years on it given our ability to squeeze a dollar. + +So we actually had a conversation about what we wanted to DO now that working to pay the bills was not our primary concern anymore. We both have a great deal of freedom and it's pretty damn exhilarating for us both. + +She actually chose to keep working because she's one of the rare few who LOVES her job and loves the people she works with. She doesn't really care how much she makes. Not gonna complain about that because it keeps adding to the ol' nest egg. + +But me? I've loved being self employed for years (real estate investments) and now things are set up so that I rarely have to put in more than a day a month with actual 'work', mostly just accounting, the rest of my time is free to do as I please. + +So I'm going to do what I've always loved to do. I'm going to buy and sell classic cars. Not a thousand of them, maybe a few projects a year. Buy nice classics that need a little love, refurbish, refinish, restore and complete them, and then sell them to new loving owners and move on to the next. + +I've done it for 40 years as a hobby but now I get to actually get serious about it. That means buying a big diesel and two/three car trailer. That means building a big shop and maybe even adding a paint booth. That means ditching my old hand me down tools and buying good quality ones when I need them. That means road trips (I LOVE road trips) to the dry areas of the country and hours scanning ads and the countryside for those elusive one in a thousand barn finds. That means bringing a neglected piece of automotive history home and making her back into the glorious machine she once was. And that means a whole lot of fun because it's always been my passion. + +Everyone has a passion and mine has been cars since I was 5 years old. At 56 I finally get to fully indulge that passion and all our hard work and saving has given me the freedom to do it. + +It's all about delayed gratification and self control, but damn, I'm glad I learned those lesson a long time ago. It's payback time and the good times start this week. I'm over the moon excited! Just thought I'd share :) + +**[EDIT]** Just want to say, this is exactly what happens anytime I research this, I get wildly different answers and it seems like each one has something to back it. Even it seems professionals disagree, its crazy to me though because it seems like something that would be verifiable. That said I thank everyone for their answers on this. It really helps me gather information.**[EDIT]** + +hi everyone. I have looked everywhere for the answer, I found this sub and figured here would be the best place to find someone knowledgeable on the subject. + +every single video I find on it never seems to explain a few things. here is probably the simplest one. + +https://youtu.be/k6smE8NEcc8 + +so I understand the idea of it. What I don't understand is: + +1) how does the hft trader know the size of your order just from you buying everything on one exchange? + +2) doesn't the hft trader need to buy up all the stock on the other exchanges to push the price up? how is it worth it otherwise? + +sorry if this is a basic question, I know hft is something that many say is good, many say is bad etc. Its just something that is really bugging me. I want to get the full picture, thx +Since we're trading fairly close to ATHs now, I feel like it's an appropriate time to ask this question. Does anyone here have a legitimate case for why parking my money in equities at these current prices is a good long-term value investment? (no meme answers please) + +I realize that the Fed, FOMO, and various other factors may cause people to feel obligated to buy into equities, but those factors don't increase the underlying value of the stocks in question. Everywhere I look, I still see companies going bankrupt or projecting depressed earnings for a good period of time. **The main reason I see people are buying stocks is that they're looking for returns created by the expectation that other people will pay more down the line.** + +Nowhere do I see people projecting great earnings growth and a favorable environment given the now (more) massive amount of debt we have to service. P/E ratios have expanded. With more debt, the risks of stocks in general have also increased (liquidity =/= solvency). The Fed tried to raise rates last year just a little and markets freaked out. It feels like our economy can no longer handle higher rates of any sort. In my book, that's a HUGE warning sign, particularly given that we're already at 0%. + +Sitting in cash, I realize I missed out on the returns of the recent FOMO. But I can't help that the whole equities market is just one massive bomb waiting to blow up, if not now then sometime down the line in the near future. + +So, can any of you convince me that it's a good idea for me to buy in right now and be able to sleep well for the next couple of years? +* Lyft 2018 revenue $2.16B, loss $911.3M +* Lyft seeks listing under Nasdaq +* Lyft accumulated deficit abut $3B ending 2018 +* Following Lyft, Uber is also expected to file IPO in 2019 +* In the filing, Lyft mentions that they “may not be able to achieve or maintain profitability in the future” （Edit1: not a forecast) +* As of 2018, Lyft’s revenue is about 20% of Uber’s + + +Edit2: Lyft plans to reward drivers $1000 if they complete at least 10,000 rides, or $10,000 with at least 20,000 rides. Lyft also offers drivers the opportunity to use this money to buy LYFT shares at IPO price. +The more they lose the stronger they need to attack. + +We know the media said short sellers covered their calls, this tho is a way to ruin you psychologically. When you believe in 1 thing and your hope gets crushed you'll feel sad, but when you believe in 10 things and all your hopes get crushed you'll feel depressed and hopeless. That's what they're trying to do. + +They're trying to make you believe they covered their calls but we've seen today they didn't, they're giving you false hopes to later crush them all and make you feel like shit. + +This'll probably work on the weakest of us who will sell cause of this, so the price may fall, except for another thing, as counterintuitive as it may sound (and a psychological war often is counterintuitive) they may even buy a lot of shares to let you see those big green candles to later sell everything and make you see the huge red candles caused by their selling and by the other investor's panic selling. + +I wouldn't be surprised if they have a team of people with a psychology degree to help them achieve what they want. +A full Bitcoin node is the backbone of the Bitcoin network. Miners are important, but full nodes are too. They spread transactions accross the network. They have the only copy of the entire blockchain, and run the memorypool. Without full nodes in operation there is no Bitcoin. + +**Facts** + +* There are only about 7400 bitcoin nodes running. +* Only 35% of those are up-to-date on version 0.9.1 +* The majority is in the USA and EU - https://getaddr.bitnodes.io/ +* Africa and South-America are running a a handful of nodes. +* The stability and thus the price depends on the Bitcoin network running properly! + +This is **bad**. You can fix this by running a full node: + +**Running a node** + +* 1. Download the bootstrap of the blockchain over Torrent (https://bitcoin.org/bin/blockchain/bootstrap.dat.torrent) to speed up the inital process (hours instead of days). +* 2. Place bootstrap.dat in /home/user/.bitcoin or %AppData%\Roaming\Bitcoin +* 3. Download and run the Bitcoin-qt client on a device that is online 24/7. +* 4. Don't forget to port-forward 8333 from your router to your internal IP. + +An old Pentium 4 machine with 4GB of ram and a 80GB harddrive can run a full node _just fine_ + +End of PSA. + +So like many I spent my teens and majority of my twenties buying lots of stuff just... Because? Lots of pointless purchases on stuff I didn't really need but also a lot of the time didn't even really want. + +Cut to the last few years and becoming more interested in finance and I'm cutting back on needless spending to maximise savings. However, I'm also getting more personally interested in minimalism and the idea of not just buying stuff in an endless cycle because that's what capitalism tells you you're 'supposed' to do. Not saying I'm becoming an extremely frugal monk-type, but more thinking about the things I really need and bring me happiness! + +The only thing is I'm finding it's hard to break free from the impulse to buy cheap and look for a bargain, something that's been amplified by spending my early twenties in low-paying jobs. I'm also aware that probably 90% of the brands I've bought from growing up are terrible to people and the planet. I want to make more of an effort to buy things that are quality and will last, and are more ethically sound, but it's like I don't even know where to start! Years of advertising and shopping and it's hard to break the habit. + +So... How did you move on from the 'buy cheap, buy twice' mentality? What brands are a go-to for you to get long-term quality? Where do I even start?! Any wisdom welcome. +Hello all, + +Long time lurker around here, I want to buy 2 bedroom condo/apartment in the near future. My current situation 23 and earning around £28k a year, I have around £10k in savings and good credit history. How would I go about getting a property? do i need to start an ISA/LISA or help to buy ISA? I need some guidance in where to start so before the age of 30, I can own a property. + +Thank you in advance for all the help. +I live in a HCOL area & have invested out of state for a while. I’m at a point where I’d like to start scaling our portfolio and would prefer somewhere closer than a 5 hour flight. + +After looking into some of the college towns near by, the financials make sense. + +My question: how do you handle per room leases? Are these individual students who don’t know each other... or are they typically groups of friends who just agree to sign on a per room basis? Anything else unique in the contracts? +I’ve been here since the first spike. I have a cost basis <$50. I could’ve taken a $30,000 payout back then and been done with GameStop. + +I could’ve sold and reinvested back into GME. I haven’t though. Maybe I should have… but hindsight is 20/20 yah know… + +All my shares are DRS’d and literally all my money short of rent is in this. + +This dip doesn’t scare me at all. I know I am in better position than some out there but I’ve been here when they dropped it $30. + +Fucking holding. This month feels very promising and I can’t wait to moon. + +Idk guess I’m just venting but I thought maybe somebody needed to read this. + +Love y’all +I’m currently inspecting rental properties in Melbourne and I’ve received follow up calls for the last two inspections. + +Both times, the real estate agents have wanted to know if I was still interested and to let me know that if price is an issue I can put in a lower offer. + +I’ve been in the rental market 4 times in the past 6 years, inspecting many properties each time, and this has never happened to me before. + +Anyone else having a similar experience? Has anyone in Melbourne secured a lease well below advertised price (and if so, by how much)? +So yesterday i did something really stupid. + +I have a set of rules, my set of rules clearly says that i cant make trades x time of the day under x conditiosns, yet i took that trade. + +I took it because of FOMO, and because i already lost a few good trades that would had been good that day if i would had jumped, so just right before bed i was like oh god its gonna happen again, and this time i actually jumped and it goes againt me. + +Look no big deal i got a stop loss but it still hurts, i really need to put more discipline on my psych, its my main focus right now. + +What did you do to improve it? Ia there any way to prevent you look at charts x days hours? +It seems to me that one big problem with Reddit going public is whomever becomes the majority share holder will be able to, at the very least, find out who each and every one of us is. Or, change the platform so your actual info must be used. Then these HF and MM will start taking people to court for stupid shit, to slowly get their monies back. Or at a minimum just try to drain Apes of their cash over time. Out of spite. This is just speculation but I would not put anything past them. 💎👐📈 EDIT - This is getting downdoted fn instantly. I must have struck a nerve. +Decided to have a look at what we could learn about the Tether hack from the blockchain, the coins are still moving around so I may edit this later as this develops. + +It actually starts with this wallet here: + +https://www.walletexplorer.com/wallet/12f4885dad525cc1 + +Look familiar? Go to the last page, that was the wallet used to steal 19000BTC from Bitstamp back in January 2015 (and which was still receiving coins from Bitstamp as recently as September, well done guys). + +This wallet made two transactions, the first is fairly innocuous but I'll come back to it later: + +https://www.walletexplorer.com/txid/7b46c7e412b1f1e93ff0aa67232457dde3fb6e91f4c61e025a97e56290049050 + +This address then sends out a further 0.01BTC: + +https://www.walletexplorer.com/address/1LBQpqUTEmdPTH8adaV6xS8KQt6FGCD3xD + +The following morning it sends 0.01 to the address that was several hours later used to empty the Tether wallet: + +https://www.walletexplorer.com/address/31okFF1rUu8jjPEVuajycTRBp82Nteo4Mv + +I'm not quite sure why they would make a deposit like this to it hours before - perhaps to test that everything is working? + +*Edit: I think these payments were to ensure that they had BTC available to pay the fees needed to move that Tether as soon as they got it* + +At 10:53, the wallet makes several transactions transferring 23 million tethers from the tether wallet: + +https://omniexplorer.info/lookupadd.aspx?address=31okFF1rUu8jjPEVuajycTRBp82Nteo4Mv + +Then at 11:10 they transfer another 7.9 million tethers. A further 50,000 tethers are transferred over at 11:54. + +At 12:01, 5BTC (the bulk of the bitcoin in the tether wallet) is transferred over to the same address: + +https://www.walletexplorer.com/txid/e7e09cd092a5febdcae6b2ec76b06389c29298ed237dd1f210e1e54f096f1f92 + +These tethers are then transferred over to the address in the Tether announcement as their relevant blocks are confirmed. + +https://omniexplorer.info/lookupadd.aspx?address=16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r + +The 5BTC is also transferred to this address in amounts of roughly 1BTC per transaction: + +https://www.walletexplorer.com/address/31okFF1rUu8jjPEVuajycTRBp82Nteo4Mv + +Following the BTC along, you arrive back at an address from before, which is confirmed to be part of the wallet holding the stolen Tether: + +https://blockchain.info/tx/eeaf8b9c6288c28c481d6e37d687b5c42b0222fb3d8a73bdca81c1a12243c579 + +It's worth noting that this same address was just used to create an Omni token called lioncoin: + +https://omniexplorer.info/lookupsp.aspx?sp=2147484016 + +The BTC from the tether wallet ended up in these addresses: + +https://blockchain.info/address/1HtmVRdFRqPScH7Ud6UFR6HUcndksjVmua + +https://blockchain.info/address/155KG55pRsV1Y9jdwwynfGHGqR9cqPKToB + +https://blockchain.info/address/1M8b8BNMEMFFem9UQpZydoespHzXjAnC9t + +I will update this post as more develops. + +*Edit 1* + +This wallet from the Tether and Bitstamp hacks seems to be owned by the same person who took 12000BTC out of Huobi in late 2015, interesting... + +https://www.walletexplorer.com/wallet/002d28cac852fc7d + +*Edit: Huobi are saying this is not a hack, so who knows why 12000 or so bitcoin was withdrawn from their exchange and combined with the coins from bitstamp [see here](https://www.walletexplorer.com/wallet/002d28cac852fc7d) before being passed through several more wallets and onto BTC-e in batches of 1000 or so.* + +Before he was taking thousands of BTC off exchanges and sending it to BTC-e, he also used to sell much smaller amounts on Localbitcoins. + +https://www.walletexplorer.com/wallet/02f08eddae4ba788 + +https://www.walletexplorer.com/wallet/f4b4c44dd6a146fd + +https://www.walletexplorer.com/txid/0e9ae0a86dafc3a8dde0578871e51212c1e962ebf5a3306904b4e2eca25e0ba6 + +So Localbitcoins guys, if you have a log of who was using [this address](https://www.walletexplorer.com/address/1EvTV4ySZbwwsRfL6T723cg1iiFASJbqH3) back in 2015, you've got the hacker ;) + +*Edit 2* + +So I was [asked](https://www.reddit.com/r/CryptoCurrency/comments/7eho5y/tether_was_hacked_by_the_same_person_who_hacked/dq558sd/) whether this could be an inside job. + +Well, maybe? I don't think there's enough evidence from chain analysis alone to draw a conclusion. + +Some of the transactions which funded the lioncoin address came from an old Bitfinex wallet, and [some came from the bitstamp hack address](https://www.walletexplorer.com/wallet/6b1a2139799a82b8). Bear in mind that this is [part of the same wallet](https://blockchain.info/tx/eeaf8b9c6288c28c481d6e37d687b5c42b0222fb3d8a73bdca81c1a12243c579) that the stolen tethers were sent to. + +Also if you look at the [tether address](https://omniexplorer.info/lookupadd.aspx?address=3BbDtxBSjgfTRxaBUgR2JACWRukLKtZdiQ&page=1) you'll notice that when other blocks of tether were released they were quickly transferred to the Bitfinex wallet, with this 30 million being the exception, that said in prior months they had regularly left millions of tether in this address for days at a time, so this isn't necessarily a red flag. + +It could be that the attacker had access to the main tether issuance address (3MbYQMM etc) or it may just be that they noticed the 30 million tethers sat on the wallet that they could manipulate. Presumably Tether know whether or not they intended to make [this](https://omniexplorer.info/lookuptx.aspx?txid=dbde10653dd7f459260c11e2a80ae887f7c72e5bfd22f5d908b489dd430be764) transaction. Without knowing that we can only speculate on whether the compromise went beyond the address that was emptied. + +*Edit 3* + +There is a post [here](https://www.reddit.com/r/Tether/comments/7ei568/tether_return/) in which a /u/bitconexfoier1 claims to have bought 10M tethers, and provides an address that [received 10 million tethers](https://omniexplorer.info/lookupadd.aspx?address=13kyHqsbtZpRHDNSdXWniJiCZPvRtMjVao) (now invalid) from the hackers. [archive link](https://archive.fo/408n8) +At the current low low low 8 billion valuation the market is saying that: + +- Gamestops 1,4 billion dollar cash reserve is responsible for 17,5% of their marketcap 🤡🤡 +- Gamestops cash reserve and inventory is responsible for 35% of their total marketcap 🤡🤡 +- Gamestop is only worth 1,6 times their yearly revenue. 🤡 +- Gamestop is worth 0,47% of Amazon including the NFT marketplace, new e-commerce expansion efforts 🤡 +- Gamestop is worth 17% of Roblox including the NFT marketplace, new e-commerce expansion efforts 🤡🤡 +- Gamestop is worth 42% of Chewy despite GME adressing a much larger market 🤡🤡🤡 +- Gamestop is worth 13% of Snapchat 😂🤡🤡🤡 +- Gamestop is worth 60% of Opensea NFT marketplace despite Gamestop becoming an NFT marketplace WITH AN ENTIRE E-COMMERCE AND INTERNATIONAL RETAIL BUSINESS ON TOP 🤡🤡🤡🤡🤡🤡🤡 + +If you're bullish on GME you shouldnt care about pricedrops. They allow you to buy something undervalued cheaper. The more the market undervalues something the better the profits you can make. You should love it honestly. + +# On top of that the more and the faster we DRS! + +I think Gamestop is very undervalued, so Im buying. A LOT and Im DRSing it all 🚀💃 + +# Learn to love the dip +Got into NANO back in 2017, because it seemed like a great poject. "Nano - Digital money for the modern world" sounded quite good so I bought some. +I'm not gonna lie, the coin has been quite the blessing as I got in at around 15 cents. Still regret not selling when it was huge, tho. +The thing is, NANO is not really pursuing the directions that are hot right now and I think I could sell it for some better tokens. +With all that being said, I want to hear a solid debate about this coin. Is it still a sleeping giant or are its glory days gone? +Wishing everyone bad and good luck, with a higher percentage of good luck. +Guten Tag to this global band of Apes! 👋🦍 + +That meeting of shareholdlers is *exactly* what I had hoped it would be. GameStop is obviously in a very strong position, poised to thrive in both its traditional business as well as the new spaces it is expanding into. It has a world-class leadership team, and is owned by shareholders who are as enthusiastic about the company as that company is. Every other publicly traded entity must be envious of the relationship that GameStop has with its shareholders. + +Of course, those shareholders voted to approve the entire slate of the ballot, when many companies are facing shareholder rebellions. Apes sent a resounding message to the board, that we *want* them to have the latitude to issue a split when they deem that the time is right. With borrow rates continuing to rise and Apes continuing to DRS as quickly as ever, it seems to me that that time may be quite soon. + +So as we close out this final day of one of the most exciting weeks in recent memory, let's take a moment to appreciate each other - the HODLers who make this all possible. Without the Apes, things would be incredibly different for GameStop. You all have made this moment possible, and I am incredibly proud of each of you. Let's show the world the true meaning of Diamantenhände. + +Today is Friday, June 3rd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$132.38 / 123,81 €** *(volume: 2773)* +- 🟩 115 minutes in: $132.76 / 124,17 € *(volume: 2693)* +- 🟥 110 minutes in: $132.28 / 123,72 € *(volume: 2510)* +- 🟩 105 minutes in: $132.84 / 124,25 € *(volume: 2463)* +- 🟥 100 minutes in: $132.83 / 124,23 € *(volume: 2455)* +- 🟥 95 minutes in: $132.84 / 124,24 € *(volume: 2379)* +- 🟥 90 minutes in: $133.03 / 124,42 € *(volume: 2306)* +- 🟥 85 minutes in: $133.12 / 124,50 € *(volume: 2259)* +- 🟩 80 minutes in: $133.14 / 124,52 € *(volume: 2259)* +- 🟩 75 minutes in: $133.12 / 124,50 € *(volume: 2243)* +- 🟥 70 minutes in: $133.05 / 124,44 € *(volume: 2092)* +- 🟥 65 minutes in: $133.12 / 124,50 € *(volume: 2038)* +- 🟥 60 minutes in: $133.22 / 124,60 € *(volume: 1717)* +- 🟥 55 minutes in: $133.24 / 124,62 € *(volume: 1519)* +- 🟥 50 minutes in: $133.30 / 124,68 € *(volume: 1490)* +- 🟩 45 minutes in: $133.32 / 124,69 € *(volume: 1487)* +- 🟩 40 minutes in: $133.30 / 124,68 € *(volume: 1481)* +- 🟩 35 minutes in: $133.27 / 124,65 € *(volume: 1420)* +- 🟥 30 minutes in: $133.27 / 124,64 € *(volume: 1284)* +- 🟥 25 minutes in: $133.36 / 124,72 € *(volume: 1271)* +- 🟥 20 minutes in: $133.48 / 124,84 € *(volume: 1159)* +- 🟩 15 minutes in: $134.15 / 125,47 € *(volume: 1007)* +- 🟥 10 minutes in: $134.15 / 125,47 € *(volume: 996)* +- 🟩 5 minutes in: $134.86 / 126,13 € *(volume: 695)* +- 🟩 US close price: $133.70 / 125,05 € *($135.85 / 127,06 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0692. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I’m 30 years old, working for a state university. Every month, close to 15% of my gross earnings is deducted from my paycheck for the state pension fund. If I stick with my university until retirement, I could retire with a pension of 60-80% of my salary, depending when I retire. + +Should I still try to put 15% of my gross pay into retirement funds, in addition to the pension? I want to retire comfortably, but I’m also living quite frugally right now, as so much is deducted from my salary, and I’m throwing everything extra at loans and savings. Before deductions my salary is $49,600. I take home about $35,000, and live off half of that, with $1000/month going to loans, $500/month to savings. + +I’m doing Dave Ramsey’s baby steps, and the idea with that is I would only start saving 15% for retirement once I’m debt free with full emergency fund and have bought a house with 20% down. My goal is to get to that point in about 5 years. So, at that point, what percentage should I put towards retirement, in addition to the pension? +I’m (27F) having a bit of anxiety thinking about my student loans and personal debt today. I have about $50k and based on my current payment plans I should have it all paid off by 34. I feel like 6-7 years isn’t so bad plus I feel like by 35 I’ll be ready to own a home and settle down. I’ll be free of debt and in a decent place financially when it comes to income. I have a pretty good 401k so far. My personal savings barely exists but that’s mainly because I’m paying my debt off in bigger chunks. + +Edit: I am putting aside a bit in my savings each month and will up that as my debt decreases. +Also, this does not factor in promotions or bonuses or any other additional income from my current baseline. I do foresee growth in my career and a promotion (seemingly soon, fingers crossed!). I will be putting that extra money towards debt and savings. I want to cut my debt pay off down to 5 years but have yet to set a plan on how…. + +Just wondering people’s thoughts on this. I really don’t know if I’m handling it in the smartest way and I wish I could chip away at it quicker. Anyone have tips? +Ryan Cohen's favourite piece of shit - Boston Consulting Group - has been fucking us here in Australia recently too. Below are a number of high profile news pieces (and some lesser known articles) that many of us here down under would have heard mentioned by the media, but may have had no idea of the connection to BCG. + +[(1)](https://www.consultancy.com.au/news/2341/bcgs-fees-for-covidsafe-app-surpass-1-million-mark) BCG received $1 million for Federal Governments CovidSafe app, which [Failed to uncover a single Covid case](https://www.abc.net.au/news/2021-09-30/covidsafe-app-cost-hasnt-uncovered-close-contacts-2021-outbreaks/100499870) + +[(2)](https://www.consultancy.com.au/news/3159/bcg-working-with-oz-government-on-gas-fired-recovery)BCG were paid $9 million to tell Department of Industry, Science, Energy and Resources that a gas-led recovery is the preferred option for Australia. + +[(3)](https://www.afr.com/companies/professional-services/senate-scrutinises-bcg-s-1-32m-auspost-work-20210504-p57onz)BCG unable to explain to a senate inquiry why an additional $1.32 million was paid to them by Australia Post. BCG originally recommended AusPost privatise parts of their business, which then [CEO Christine Holgate disagreed with.](https://www.theguardian.com/business/2021/apr/14/christine-holgate-reveals-parts-of-secret-review-backing-more-australia-post-privatisation) She was sacked under dubious circumstances soon after. + +[(4)](https://www.smh.com.au/sport/cricket/australian-cricket-facing-100m-cash-crisis-report-warns-20211105-p596gz.html)BCG used 2019 covid data to suggest Cricket Australia sell parts of its BBL to private organisations due to reduced income from gate receipts. + +[(5)](https://www.itnews.com.au/news/home-affairs-spent-92-million-on-failed-visa-platform-outsourcing-548309) Home affairs paid BCG $43.5 million on a failed visa processing platform. + +There are more items I am yet to see the bottom of, including a $3.2 million fee paid to BCG for a report into a Disability Employment Services program which officials refused to release, as well as a $550k payment to BCG by the NSW government to develop a strategy for Transport Asset Holding Entity (TAFE). + +These guys are fuck tards. + +Edit - My far too early to confirm ELI5 theory: BCG are hired by interested parties (eg corrupted CEOs or government officials) to compile a report which will ultimately make pre-agreed recommendations, to the benefit of said interested party. +https://icostats.com/ + +I am posting this alpha version of the website on behalf of cooperm from the TokenCard slack #traderscorner group. He built this himself and shared it with us there. + +He isn't able to post this here due to the karma requirements, so I am helping him. We love it over there so please take a look and give him some feedback and suggestions as well! + + + +"Why did I not buy x in March, I could have a 250% return right now" +"Damn, I should've poured my entire fucking life savings into $BITCH when I saw that DD post on it a week ago" +"I should've just held, sold way too early and now it's up $3" +Been seeing a lot of posts along the lines of these statements for the past few weeks. The volatility of the market bestowing random lotto wins upon a handful of risk takers, who then proceed to (justifiably) claim bragging rights along with their newfound cash isn't helping the issue. People will, of course, daydream themselves into a similar scenario, and the likelihood of a large, UNeducated gamble increases with each "missed" opportunity perceived. + +For those of you who are in your university years or a little past, we're looking at most likely a baseline hourly wage of $12.50 (CA assumption). This is what you'd be standing on your feet for 8 hours a day to earn, a daily intake of roughly $80 after taxes, all the while dealing with the dumb shit that presents itself in every entry level position. + +Did your trade today result in a profit greater than $80? Congratulations, you have no cause to be regretful. Did your profit for the week average out to greater than $400? Nice, you just made a week's salary without enduring the arduous process of punching in a time card every day. Maybe you made double, triple that, quadruple, or even 10 times that in the span of a week or less. You should be ecstatic; you just earned several months' paychecks in a fraction of the time and with a sliver of the work. Maybe you have an actual job on top of this windfall; now you've doubled your financial stability (or more) and that out of state trip with your friends is no longer unrealistic. Of course within the lens of Reddit's investing discourse, taking away 1 to 4 grand when your play could have, if left alone, increased to 15 or 20 grand, might make you feel a bit empty for a while. But outside of this context and in the world of wage workers, securing that much in such a short time span is so ridiculously fortunate; several of my university acquaintances slave terrible hours for minimum wage to make tuition or rent payments, and it would take them months to assemble what you and I may consider, in all our eagerness, a "small" profit. A trade that, in our view, was pulled too early would be enough to make them speechless. + +Maybe the stock or contract climbs after you sell. So long as you beat your working average, consider it a win. Don't think "what if". Just count your cash. + +Edit: Thanks for the award! 🌵 + +Edit 2: Thanks for the kind words. Never expected a response of this magnitude when typing my thoughts out. Just hope that this way of thinking might lessen the sting we've all felt of "what could have been", and in time, make peace with having a bird in the hand entirely, rather than any number of them in the bush. +I’ve seen stuff from “options trading” to “farming theta”. LOL why is it referred to as theta farming? + +Also options trading...I guess this is technically true but it’s not the first thing I would think of as trading. No graphs (thank goodness), often no fundamental analysis (the wheel) etc +Tastytrade has recently done a segment on aiming an ideal range for theta decay daily. They suggests that a 0.2%-0.5% daily theta decay in relative to account size (below 0.2% you are possibly being too conservative and not getting enough theta, and above 0.5% you might be risking too much). For example, a person with a $10,000 account ideally should have an optimal theta range between $10,000 x 0.002 = (20) to $10,000 x 0.5% = (50) thus 20 to 50 theta. My question is, given the dynamic nature of option theta, is it mathematically correct to assume that you overall account will be compounded daily? Let's say you start with a $10,000 and banking 0.5% theta per day. Would your account be $10,050 by day two, $10,100.25 by day three, $10,150.75 by day four, $10,201.51 by day five... And by the end of the 30th day, you account will be $11,556.22, which yields a 15.56% ROI. I know 15% a month is unrealistic for option selling. But can this be possible? What am I missing here? +**Edit:** This post got a ton of publicity and in the interest of protecting the privacy of everyone involved I'm taking down the OP text as it contained quite a few personal details, but I'm leaving the post up because these responses are absolutely amazing and I believe this information should be public knowledge. I hope this is okay with the mods. +Hope this is allowed. someone messaged me following post here the other day with a fairly elaborate Ponzi scheme/scam offer. + +He's apparently specifically lurking in UKPF looking for marks, his opener was "I saw your post in UKPF..." + +The guy was offering me a "cloud crypto mining" opportunity costing $2999 USD with estimated profits of £7500 every two weeks! + +Based in the UK, website had a UK phone number but all prices in USD on their website. Ironically he tried to claim they were under UK tax law but wouldn't provide a registered address in the UK 😂 just in Estonia + +At the very least cloud mining is often a Ponzi scheme. But often it's an out and out scam + +Just remember if it sounds too good to be true, it probably is! Please be vigilant my friends + +Anyone know how I can go about reporting this in the UK? +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +This small regional bank has some nice things going for it. They’ve consistantly grown their business over the years. They’ve benefited in a positive way from the PPP business loans, most of which won’t be paid down early as companies seek flexibility. They have a ~3% dividend, and typical issue a 5% stock dividend each year. They have a price to earnings around 6 right now. They’re around the same stock price they were 3 years ago when they were making half as much annually. Finally, my personal favorite, I contacted their investor relations and the CFO emails me back with answers within 24 hours. I love small businesses where people wear multiple hats, and this place must have hired at least *one* guy who likes to work. + +Edit: +1. Thank you for the guy researching the temperory impact of the PPP loan and placing it around 100 Mil in loan growth through the program, referencing that most growth has been non PPP in 2020. This makes sense as there were a lot of restrictions with the PPP (limit on company distributions for instance) making it a less desireable option for business owners if you could get something elsewhere. + +2. Someone brought up an acquisition potentially capping the value of the stock. Funny thing with that is that there are two “Landmark” banks, this one and one on the east coast. On LARK’s investor relations page they have a highlight talking about the investor confusion and how they’re not related/not affected by the acquisition. It was one thing that worried me and caused me to email their investor relations, but fidelity just has a bad newsfeed because the company is so small. +My wife and I are both in our early 30s. We earn a combined pre-tax cash income of around 700k (400k/300k) with additional stock bonuses of around 400k (300k/100k). We have a young child (and another on the way), own two cars, rent a small apartment and save a significant chunk of our income. This income is somewhat new to us so as a result we have a NW of around 1.3m which is completely liquid and aggressively invested in a 3 fund portfolio. + +We positively hate our jobs and yearn to spend more time with our young child. Additionally, we both come from wealthy families. I am an only child with a mother who has a NW of around 10m and a father who has a NW of around 40m. My wife has married parent who have NWs around 10m. In short we should not bank on inheritance but it is a highly likely outcome. + + +* The way I see it we have three options. Work 10ish years and conservatively our fatfire number of 10m. +* Both quit, travel and spend time with our children for 2-4 years and then try to re-enter the workforce at a reduced income. +* Wife works while we travel (possible to make 200k or so working 20-30 hours a week remote) while we coast and accumulate wealth. Don’t plan on aggressively re-entering the workforce. + +I am inclined to not consider inheritance in the equation but knowing our safety net I am slight less inclined to 2 or 3. Clearly the responsible decision is 1 but that comes at a cost. + +What would you folks do? + + +We are not yet RE but essentially FI. I think the mistake we made on the vacation spending was the trip to Tahiti three years ago, which has re-calibrated what is an appropriate vacation spend/night ratio. The overwater hut alone was a whole lot. So now my spouse is planning a south african safari for next winter. It appears Tahiti will be surpassed in spending on this animal tour. How do you budget for vacation spending? Do you feel vacation spending "creep"? + +Edit: I took out the tahiti cost. I wasnt trying to get a benchmark on vacation spending, which is clearly relative to you total spend. My point was after you splurge once, how do you control that you dont splurge again? +1. Every time we raise tariffs on China, Chinese Yuan devalues making their exports cheaper, hence cancelling the effect. At the same time US exports are double tariffed - from the currency devaluation and tariff added by China. + + +2. All of US exports to China are tariffed but only half of Chinese exports to US have a tariff. So the other half of Chinese product is becoming more competitive, their companies can more profit on them. + + +3. In 2015 USD Yuan was at 6.20, today it is around 7.19. Yuan wasn't so weak since 2009. China can fight the trade war for many years but that is decimating US exports. US exports are dropping not just to China but to rest of the world as well. + +4. As Yuan devalues, so does Euro, Korean Won, Indian Rupee... This makes US exports less competitive around the world vs Chinese/Korean products. Eg. iPhone more expensive in Europe and China, Samsung is cheaper. Makes Boeing more expensive than Airbus. + + +5. Better way to fight China is by isolating them. Together with EU. Human rights is Hong Kong and north China. Why is Huawei getting repeated exemptions? + + + +China is playing this very long, We have so many political considerations and fold easily.. We need to fight smarter. + + [https://finance.yahoo.com/news/yuans-longest-drop-since-2015-094307041.html](https://finance.yahoo.com/news/yuans-longest-drop-since-2015-094307041.html) +Frankly, i think that's a pretty broad and irresponsible statement. Especially for a Fed chair who has emphasized data and numbers and acting based on them, and putting blame government policies and their inaction. How does she know what will lie ahead (under her or someone else) and what policies will be imposed or undone? Kinda undermines her own approach as Fed chair up to this point, and perhaps indicates some complacency by the Fed on markets and economy, imo. #famouslastwords + +http://www.reuters.com/article/us-usa-fed-yellen-idUSKBN19I2I5 +My fiancée and I are getting married in a few months and starting to have serious financial discussions. + +We’re mid-30s and first marriage; I’m about $4.5M NW, she’s just under $1M. Not fatFIRE yet but on the road. We plan to keep finances separate post marriage, and pay for things somewhat proportionally based on income. + +Am weighing the benefits of a prenup given the disparity. From my perspective, really the only thing I’d want to protect against is keeping premarital assets as separate property - believe that what we earn in the marriage is a partnership and should be shared. + +But if for some reason things went south, that we’re no better or worse off financially than we were to start. + +Curious what others have done in this type of situation. And given that my goal, is exclusively for premarital assets that will be kept in a single-owned account, +does a prenup provide much protection over just dated and archived financial statements? I’ve talked a family lawyer on this and gotten a surprisingly squishy answer. +&nbsp; + +This post may be a bit pumpy, but that is not my intent, I just want to share my observations which I know some of u will find some value in. Apologies if this becomes a bit rambly as well, lots of thoughts I want to get down, very clutter, much words. + +&nbsp; + +When Singulardtv announced their ICO, I was not a believer, in fact I did not participate. The vibe I got was that they wanted my Ether, in return they would finance a few b-movies and perhaps a couple terrible tv-series that would most likely pale in comparison to those HBO crack shows we have becomes custom to. + +In addition I have seen so many movie investment go up in smoke. It's a brutal business, most movies fail to be profitable. Good actors are insanely expensive, good producers rarer than unikorns. One story that came to mind when I first heard about Singulardtv was the failed movie investments Rio Ferdinand and a few other fotball stars did in 2014, ending up with 120mill loss. + +&nbsp; + +However, my assumptions about Singulardtv was wrong, I did not have all the information and In retrospect I concluded hastily. +The epiphany came a couple of weeks ago when I saw some of the plans Singulardtv is setting in motion and rarely have I been more impressed, It is simply put a brilliantly engineered system. + +&nbsp; + +First of all, at the core of Singulardtv there is a decentralized exchange. Yes, a decentralized exchange. But in reality it is an "ICO machine". Lemme explain. + +Singulardtv will enable any media project, from documentaries, tvshows and movies to crowdfund their project, tokenize it and enable freely trade of said tokens on the singulardtv dex. No one else is doing this, so essentially for the foreseeable future singulardtv will be the ONLY platform that caters towards tvshows and movie ICO's. + +Every transaction on this decentralized exchange comes with a small fee that is distributed to the singulardtv token (sngls) holders. + +&nbsp; + +What I think will happen, is somewhat similar to what we have seen with Ethereum. A lot of projects will try and get funded using the Singulardtv platform, they will most likely all accept the sngls token and naturally the demand will increase. + +Projects may also start offering aidrops to singulardtv holders as a means of gaining awareness/pr. + +As more and more projects start utilizing singulardtv for ICO purposes, the expected revenue from the decentralized exchange and future demand of the token will most likely increase it's value. It may sound absurd but I honestly believe singulardtv will have a marketcap above 20billion in 5years. + +&nbsp; + +Now imagine the scenario where Singulardtv have a few promising tv-shows or movie projects holding ICO's, which naturally will get attention from the industry. People will talk about it. It is fascinating and in a way sortof what the industry have been looking for. No middleman, a direct route to the consumer and an convenient way to get funding for your project, leaving the producers with FULL CREATIVE FREEDOM. + +One example that comes to mind is the "Stranger things" TV show, which surprisingly got rejected 15 times by various networks. Imagine a scenario where Singulardtv was a known vehicle for funding and starting tv shows, logically one would think that this TV show after attempt nr.10 perhaps would consider the option of pitching the idea to the sci-fi loving,futuristic singulardtv community. + +We would then have "Stranger things tokens" and investors would receive dividends by owning a piece of this show, forever. Every time it lands a TV deal, or whatever else, the singulardtv community profits. + +&nbsp; + +Now imagine what would happen if producers behind one of the best series as of late had an ICO. Let's say for example the people behind Game of Thrones wanted to make a new show, they would easily be able to get funded using the Singulardtv platform, they could arguably give away less of their project, keep 100% control of the creative process, Get marketing worth millions of usd for free, get thousands of fans and loyal promoters who would have a financial incentive for the project to do well. In addition, singulardtv could open up additional revenue opportunities, by selling merchandise, access to events, movie tickets, meet and greets.. + +And at the end of the day it makes sense for the viewers to front the costs of projects. Until now, a company or a few investors shouldered the costs of billions of usd to create new tv shows and movies. That puts limits and huge restrains of what can be done. But when you open up the market to the viewers, you get so much more, things you wouldn't have had using the old model. Niche projects that may never have been funded would see a community of individuals, who may not even considering the investment aspect of it, they just want to give a few dollars to make their dream-documentary come to life. + +&nbsp; + +Interestingly, enabling the "viewers" to participate in the funding of a projects adds valuable information and help producers and writers know more about what people actually want as well. Singulardtv ICO's will be in a way like a massive focus group, that always give highly accurate "answers" as they decide to give or not give funding to various ideas. You could perhaps even ask investors about their age, gender and what other shows they like, and then get very valuable information about what exact demographic a particular project entices. + +&nbsp; + +Now imagine 10 years of this, thousands of tv-shows and movie ICO's.. Singulardtv will essentially become a Netflix on crack, being owned by the community, having thousands of tv-shows and movies that are also partially owned by the community.. + +&nbsp; + +Did I say there was no middleman? Utilizing smart contracts, profits are distributed in a "tree like" structure, making micro payments possible. Actors, makup artits, investors, everyone can get paid instantly, arguably per each individual sale, directly into their Eth wallet. Comparing that to todays situation where it takes months to distribute profits, if u are lucky enough to have a few good lawyers and there are no legal issues or unforeseen problem.. + +&nbsp; + +I am so fucking exited about this, I literately can't wait :) + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +&nbsp; + +This post may be a bit pumpy, but that is not my intent, I just want to share my observations which I know some of u will find some value in. Apologies if this becomes a bit rambly as well, lots of thoughts I want to get down, very clutter, much words. + +&nbsp; + +When Singulardtv announced their ICO, I was not a believer, in fact I did not participate. The vibe I got was that they wanted my Ether, in return they would finance a few b-movies and perhaps a couple terrible tv-series that would most likely pale in comparison to those HBO crack shows we have becomes custom to. + +In addition I have seen so many movie investment go up in smoke. It's a brutal business, most movies fail to be profitable. Good actors are insanely expensive, good producers rarer than unikorns. One story that came to mind when I first heard about Singulardtv was the failed movie investments Rio Ferdinand and a few other fotball stars did in 2014, ending up with 120mill loss. + +&nbsp; + +However, my assumptions about Singulardtv was wrong, I did not have all the information and In retrospect I concluded hastily. +The epiphany came a couple of weeks ago when I saw some of the plans Singulardtv is setting in motion and rarely have I been more impressed, It is simply put a brilliantly engineered system. + +&nbsp; + +First of all, at the core of Singulardtv there is a decentralized exchange. Yes, a decentralized exchange. But in reality it is an "ICO machine". Lemme explain. + +Singulardtv will enable any media project, from documentaries, tvshows and movies to crowdfund their project, tokenize it and enable freely trade of said tokens on the singulardtv dex. No one else is doing this, so essentially for the foreseeable future singulardtv will be the ONLY platform that caters towards tvshows and movie ICO's. + +Every transaction on this decentralized exchange comes with a small fee that is distributed to the singulardtv token (sngls) holders. + +&nbsp; + +What I think will happen, is somewhat similar to what we have seen with Ethereum. A lot of projects will try and get funded using the Singulardtv platform, they will most likely all accept the sngls token and naturally the demand will increase. + +Projects may also start offering aidrops to singulardtv holders as a means of gaining awareness/pr. + +As more and more projects start utilizing singulardtv for ICO purposes, the expected revenue from the decentralized exchange and future demand of the token will most likely increase it's value. It may sound absurd but I honestly believe singulardtv will have a marketcap above 20billion in 5years. + +&nbsp; + +Now imagine the scenario where Singulardtv have a few promising tv-shows or movie projects holding ICO's, which naturally will get attention from the industry. People will talk about it. It is fascinating and in a way sortof what the industry have been looking for. No middleman, a direct route to the consumer and an convenient way to get funding for your project, leaving the producers with FULL CREATIVE FREEDOM. + +One example that comes to mind is the "Stranger things" TV show, which surprisingly got rejected 15 times by various networks. Imagine a scenario where Singulardtv was a known vehicle for funding and starting tv shows, logically one would think that this TV show after attempt nr.10 perhaps would consider the option of pitching the idea to the sci-fi loving,futuristic singulardtv community. + +We would then have "Stranger things tokens" and investors would receive dividends by owning a piece of this show, forever. Every time it lands a TV deal, or whatever else, the singulardtv community profits. + +&nbsp; + +Now imagine what would happen if producers behind one of the best series as of late had an ICO. Let's say for example the people behind Game of Thrones wanted to make a new show, they would easily be able to get funded using the Singulardtv platform, they could arguably give away less of their project, keep 100% control of the creative process, Get marketing worth millions of usd for free, get thousands of fans and loyal promoters who would have a financial incentive for the project to do well. In addition, singulardtv could open up additional revenue opportunities, by selling merchandise, access to events, movie tickets, meet and greets.. + +And at the end of the day it makes sense for the viewers to front the costs of projects. Until now, a company or a few investors shouldered the costs of billions of usd to create new tv shows and movies. That puts limits and huge restrains of what can be done. But when you open up the market to the viewers, you get so much more, things you wouldn't have had using the old model. Niche projects that may never have been funded would see a community of individuals, who may not even considering the investment aspect of it, they just want to give a few dollars to make their dream-documentary come to life. + +&nbsp; + +Interestingly, enabling the "viewers" to participate in the funding of a projects adds valuable information and help producers and writers know more about what people actually want as well. Singulardtv ICO's will be in a way like a massive focus group, that always give highly accurate "answers" as they decide to give or not give funding to various ideas. You could perhaps even ask investors about their age, gender and what other shows they like, and then get very valuable information about what exact demographic a particular project entices. + +&nbsp; + +Now imagine 10 years of this, thousands of tv-shows and movie ICO's.. Singulardtv will essentially become a Netflix on crack, being owned by the community, having thousands of tv-shows and movies that are also partially owned by the community.. + +&nbsp; + +Did I say there was no middleman? Utilizing smart contracts, profits are distributed in a "tree like" structure, making micro payments possible. Actors, makup artits, investors, everyone can get paid instantly, arguably per each individual sale, directly into their Eth wallet. Comparing that to todays situation where it takes months to distribute profits, if u are lucky enough to have a few good lawyers and there are no legal issues or unforeseen problem.. + +&nbsp; + +I am so fucking exited about this, I literately can't wait :) + +I'm interested in what people spend big bucks on and what they skimp on. + +I spend big on shoes and bags because the quality is better and they last longer. + +I am generous. I don't skimp on presents or things for my small circle of loved ones. + +I don't spend big on clothes as I lose interest in most of my wardrobe within a couple of years. + +I spend on TV subscriptions as I think they are cheap for the entertainment - I remember going to blockbuster on a Friday night in the 90s when new releases were $6 so I feel like tv subscriptions are good value for money. + +I don't skimp on my son's learning. I pay for weekly spanish classes, educational toys and anything that will enrich his development. + +I spend big on my house - life is short. I live here. I want it to be nice. + +I skimp on cars. Get me from A to B and I'm happy. + +You? +Hey, + +&#x200B; + +so I YOLO'd in on $DOGIRA yesterday and I fucking love it. The community is amazing, the memes are good and the potential gains are CRAZY. Today we reached 7 CENTS. We are on the road to 10c, jump on this rocket already or you are really going to miss out! Every dip gets so eaten so fast it's lots of fun to watch the people selling and taking the rope soon when we moon. + + +It has been said before, but why $DOGIRA is THE thing: + + + + +1. Dev doxxed itself, coingecko probably comming soon +2. WOR audited +3. $FEG partnership +4. Broke 7c today, there's a dip right now **SO GET IN ASAP** +5. NFTs that actually are lit asf [https://rarible.com/rootpew](https://rarible.com/rootpew)) +6. Community keeps growing and is active on TG. +7. Low mcap! +8. You are encouraged to BUY and HOLD by the tokenomics mechanic. + + + **Coingecko might come soon and we already went to 7c, we'll be mooning very soon!!!** + +TX to Look in @ Dextools: 0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1 + +Site: [https://dogira.lol](https://dogira.lol/) + +Telegram: [https://t.me/dogiratoken](https://t.me/dogiratoken) + +Ether: [https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1](https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1) +Financed a 2018 Hyundai Elantra with 60k miles in 2020 at ~10% through capital 1. Owed 9k on it bought it for 13k. Been paying $229 per month on it + +Unfortunately that car was recently stolen. I racked up credit card debt after being unemployed or underemployed for most of 2021 so my credit took a major hit with my transunion & equifax dropping to 550. Been working hard this year to pay that off & my transunion & equifax are at 654 now then this happens. Don’t have any savings as a result. + +Need a car to get to work & live life. Used car prices are trash. Now I could afford a ~$500 payment on a nice used car with low miles. Carvana prequalified me with 0 down at ~18%. Capital 1 wouldn’t approve me. Not sure what to do. Need a car asap if my current one can’t be located in good condition. + +EDIT: Car was recovered with damage 2 blocks from my house. Bumper cracked, windows smashed, steering column broken. A Kia was stolen as well & they hit mine with it when they dumped them. + +Also, I do have insurance, full coverage. Carmax offered me 10k for it last week so I’m assuming insurance would’ve payed it off had it not been recovered or if they declare it totaled. I live in Atlanta not Milwaukee & i am well aware of the KIA boys. +Unfortunately being in an echo chamber makes it very easy to fall into scams or just really bad investments. Even if you think crypto is the future, even if you think those against it are neanderthals who don't understand anything and will never be loved, it's probably still a good idea to search out the best arguments against what you're investing in. + +The biggest falls are the ones we don't see coming. Whether it's specific coins or crypto as a whole, you can't see the storm coming if you're adamant on looking the other way. + +Truth is only reached by looking at things from opposing points of view. If you're only looking with one eye, that's not a three-dimensional view, it's a biased one. +I'm renting a property in a not-so-great area so the tenant selection isn't ideal. I have one couple applying with two young kids, one has a normal job and a good enough credit score, but the other's is a disaster. The way I see it I'm basically renting to the better one, and then taking a risk that they don't separate. Do you folks have any advice or experience? +I'm going to be linking my business account with my rental income and I'm looking for recommendations on which mobile app is easiest to use so I can simplify the whole process. TIA +If you had to pick 5 stocks **today** to hold for the next **5 years**, what would you pick? + +I realize these questions come up every now and then on this sub, but the macro situation changes, the companies change, the sentiment continues to change so I think it's important to repeatedly look at this question. + +I also think the 5 year time period is important because serious gains often require a bit of patience and 5 years seem like a reasonable holding period for growth stocks. + +I would choose: + +\- Tesla + +\- Square + +\- SeaLimited + +\- Roku + +\- Apple +https://www.reddit.com/r/lostgeneration/comments/4lrrux/the_sad_truth_about_all_these_early/ + +Interesting take on the FI crowd from disillusioned millenials +People saying crash imminent are just bad actors. Short term changes, up or down, cannot be predicted. These people likely think they can drive the market, but the market is too big for posts on reddit to have an impact. What it may do is cause you, the innocent bystander, to overreact. Don't sweat it. + +If you like Eth's technical potential, and you feel it's undervalued relative to other blockchains, then buy. If you feel it's overvalued, sell. Read up. + +Personally, to me, any marketcap value less than Bitcoin is undervalued for Eth, but hey, I might be missing something. I pump long term based on merits. I'm blown away by Ethereum's rapid progress and unprecedented potential. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Some good news finally, might just be enough to distract from MSB 🥺 + +Full article at ASX link. + +https://preview.redd.it/fgrqhmdwnu561.png?width=1171&format=png&auto=webp&s=a07959c3aff2591dd6ad72d4dc8cbf5aabb4b5bb + +[https://www2.asx.com.au/markets/company/NVA](https://www2.asx.com.au/markets/company/NVA) +Dark Market, the project that took first place at hackathon, should be renamed Free Market. We know that this project will get press coverage, and eventually reach major media outlets. By calling this important invention the Dark Market I'm afraid Amir et all are playing into the systems hands. If the name of the exchange is changed to Free Market, imagine the implications. News anchors will have to say on tv, "Officials are looking into banning the free market." +"The free market is an online exchange where anything can be traded tax free." + "Governments are attempting to come down hard against the free market." +By renaming the exchange it will FORCE a philosophical conversation about rights upon any explanation in the mainstream media. +Please upvote this if you like this idea. +To the moon! + + +**Edit** + +I'm glad there was some discussion. I thought this might get couple upvotes and Amir might look at it, I never thought it would get a thousand, nor did I consider what the word petition would actually entail. I can see how it could come off as malicious, something I didn't consider when I wrote it, made a couple responses, then rushed out the door. I apologize to Amir for that, as he and his team put a lot of effort in. + +Cody Wilson speech at bitcoin Toronto +https://www.youtube.com/watch?v=lQmPWkLFV18